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New Condo Launches in Singapore: Q1 2023 Projects Round-Up!

Home buyers rejoice! Whether you’re looking for a brand-new private residential property in the North, South, East or West of Singapore, there’s no lack of options to choose from.

Compared to last year’s total of 20 new launches (17 condominium projects and 3 executive condos to be exact), over 40 new private housing projects may be making their debut in the coming months of 2023, and they’ll certainly go a long way towards sating local appetites for residential real estate.

Already, a healthy response was observed for the very first launch of 2023 – an indisputable honour that goes to MCC Land’s Sceneca Residence. During its official premiere, the Tanah Merah project saw 60% of its units sold with an average price of $2,072 psf, a figure comparable to the new benchmark set by Outside Central Region (OCR) private residential projects that debuted last year.

So, what else will the first quarter of 2023 hold? Only time can tell. But meanwhile, be sure to keep this page bookmarked for updates, mark your calendars, and get a head start on planning your showroom visits!

Sceneca Residence 

When: 14 January 2023 (Launch)

Where: Tanah Merah Kechil Link, Outside Central Region

Tenure: 99 years

Developer: MCC Land (Singapore) Pte Ltd

Though it isn’t considered an integrated development, Sceneca Residence bears more than a passing resemblance to its premium, all-in-one cousins. Aside from having over 20,000 square feet of commercial space, this 99-year leasehold property in the East also possesses a direct connection to Tanah Merah station whereby a convenient linkway provides 24/7 doorstep-to-MRT access.

Of equal note are its 268 apartment units; comprised of a diverse mix of 1-, 2-, 3-, as well as 4-bedder homes, Sceneca Residence certainly has no lack of unit options, thus making it a suitable development for buyers of all profiles.

Gems Ville 

When: 28 January 2023 (Preview)

Where: Geylang Lorong 13, Rest of Central Region

Tenure: Freehold

Developer: East Asia Geylang Development Pte Ltd

Located on the site of the former Yuen Sing Mansion, Gems Ville is a new project that’s worth keeping an eye out for. Like its predecessor, this future residential development possesses the allure of being a freehold property in the RCR. Naturally, this makes Gems Ville an even more attractive residence, especially for owner-occupiers who are in it for the long run.

Freehold status aside, Gems Ville’s appeal as a quality investment also lies in its convenience. Close proximity to an MRT station (Aljunied, to be exact), reputable educational institutes, as well as Paya Lebar (a fast-growing city precinct) are certainly plus points worth noting.

Terra Hill 

When: 10 February 2023 (Preview)

Where: Yew Siang Road, Rest of Central Region

Tenure: Freehold

Developer: Hoi Hup Realty and Sunway Group

Terra Hill is situated in the vicinity of Kent Ridge Park, and that places it within immediate reach of the Southern Ridges, one of Singapore’s longest natural corridors that features abundant open spaces, gardens, and hiking paths. Furthermore, the development itself is slated to be built on an elevated site, thus bolstering its potential for good views and drawing power amongst nature lovers.

In terms of public transport accessibility, Terra Hill shines for its proximity to Pasir Panjang MRT, which in turn puts it within travelling distance of popular destinations on the Circle Line like Harbourfront, and eventually, Marina Bay upon completion of the Phase 6 extension.

The Botany @ Dairy Farm 

When: 18 February 2023 (Preview)

Where: Dairy Farm Walk, Outside Central Region

Tenure: 99 years

Developer: Sim Lian Land Pte Ltd

Not unlike some of its counterparts on this list, The Botany @ Dairy Farm is highly suited for home buyers who have been hunting for a suitable residence in the quiet suburban corners of Singapore. Thanks to its location, which is bordered by both Upper Bukit Timah Road as well as its namesake road, The Botany @ Diary Farm has both tranquillity and natural charm going for it.

Future residents will surely enjoy their new home’s proximity to green spaces such as Bukit Timah Nature Reserve as well as the Singapore Botanic Gardens – both of which present ample opportunities for physical activities on the weekends. Also benefitting them, albeit in a different way, is the upcoming (and nearby) Dairy Farm Mall, which is expected to see completion in 2024.

The Continuum 

When: 30 March 2023 (Preview)

Where: Thiam Siew Avenue, Rest of Central Region

Tenure: Freehold

Developer: Hoi Hup Realty Pte Ltd and Sunway Developments

Nearly two years ago, the development site for The Continuum was sold for an impressive $815M. And looking at the amenities surrounding it, it’s no wonder why this was the case.

The 263,794 sq ft plot of land is within walking distance of not one, but two MRT stations (Paya Lebar and Dakota respectively), and it’s also within range of educational institutions like Tanjong Katong Primary School, as well as popular shopping centres, such as Paya Lebar Quarter Mall and Paya Lebar Square. Needless to say, this bodes (very) well for future owner-occupiers and investors of The Continuum!

Blossoms by the Park 

When: February/March (Preview)

Where: Slim Barracks Rise, Rest of Central Region

Tenure: 99 years

Developer: EL Development

Blossoms by the Park is a mixed-use development that’s set to be built in the vicinity of one-north. As such, working professionals who are familiar with the area will be quick to recognise The Blossom by the Park’s real estate potential.

Being one of Singapore’s most prominent R&D business parks, one-north is home to a myriad of modern companies specialising in a wide variety of job fields, ranging from biotech to digital technology – and with that comes the possibility of good rental and resale opportunities for residential units in Blossoms by the Park.

For those who are looking to settle down for longer, Blossoms by The Park represents an opportunity to live and work within the same neighbourhood due to the condo’s closeness to the business clusters of Biopolis, Fusionopolis, and Mediapolis.

Tembusu Grand 

When: March (Preview)

Where: Jalan Tembusu, Rest of Central Region

Tenure: 99 years

Developer: City Developments Pte Ltd

Whether it’s schools, retail options, or even natural spaces, Tembusu Grand has all of the boxes ticked. Situated at a prime site in the heart of Katong, this new launch is both within walking distance of Tanjong Katong MRT station, and just minutes away from shopping malls like Katong Shopping Centre and Parkway Parade. That’s not even mentioning its proximity to popular educational institutes like CHIJ Katong as well as Chung Cheng (Main).

So, will life at Tembusu Grand be convenient? It certainly looks like the case!

Lentor Hills Residences

When: March/April (Preview)

Where:  Lentor Hills Road, Outside Central Region

Tenure: 99 years

Developer: GuocoLand Pte Ltd, Intrepid Investments Pte Ltd, TID Residential Pte Ltd

Following in the footsteps of the highly-popular Lentor Modern, Lentor Hills Residences is similarly poised for success as it shares many of the same hallmarks that led to its predecessor becoming a crowd-puller.

One of the pluses about this new launch is its location within a mature estate, specifically Ang Mo Kio, which will likely make it an attractive target among prospective HDB flat upgraders.

Similarly, Lentor Hills Residences’ closeness to the future Lentor MRT station will put it on the radar of homebuyers due to the promise of convenience as well as the likelihood of future price appreciation.

Need help navigating Singapore’s property market in 2023?

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