Tag Archives: new private residential property

27,000 uncompleted private homes unsold

Posted on 29 Apr 2015 | Comments Off on 27,000 uncompleted private homes unsold

Recent data from Singapore’s Urban Redevelopment Authority (URA) shows that 21,319 residential units are expected to be completed over the next three quarters of this year while another 25,769 units are set to be completed in 2016, media reports said.

The figure which includes executive condominiums (ECs), is on top of the 23,298 units completed last year.

After 2016, URA expects the number of completions to moderate to 16,186 units by 2017 and 15,642 units by 2018.

URA also revealed that the number of uncompleted private units in the pipeline (excluding ECs) stood at 68,201 units as at end-Q1 2015, down from 68,960 units in the quarter before.

Of this, 27,061 homes are still unsold as at Q1. This is 1.2 percent up from 26,742 units in the previous quarter.

Including the 15,441 ECs, the total supply in the pipeline stands at 83,642 units.

Pipeline supply Source : URA

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Posted in New Launches, Property Market / Real Estate

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5 major upcoming launches

Posted on 5 Nov 2014 | Comments Off on 5 major upcoming launches

Several new private residential projects could launch in the next six months, revealed Savills Research.

They will be located in the Core Central Region (CCR) and Rest of Central Region (RCR). Notably, there are no major projects planned for the Outside Central Region (OCR) in the near future.

Although no official launch dates have been set, developers are expected to step up their launches ahead of the year-end festive season and school holiday lull period, according to Chia Siew Chuin, Research Head at Colliers International.

She noted that despite the soft market conditions, there is still demand for well-located projects in areas with growth potential. Pricing will also be a determining factor in moving sales.

Here’s a sneak peek at the five upcoming launches – Marine Blue, Pollen & Bleu, Sophia Hills, South Beach Residences and Victoria Park Villas.

1. Marine Blue (RCR)
Developer: CapitaLand
Tenure: Freehold
Location: Marine Parade Road (D15)
Nearest MRT station: Eunos
Estimated no. of units: 124

2. Pollen & Bleu (CCR)
Developer: SingLand
Tenure: 99-year leasehold
Location: Farrer Drive (D10)
Nearest MRT station: Farrer Road
Estimated no. of units: 106

3. Sophia Hills (CCR)
Developer: Hoi Hup Sunway
Tenure: 99-year leasehold
Location: Mount Sophia (D9)
Nearest MRT station: Dhoby Ghaut
Estimated no. of units: 493

4. South Beach Residences (CCR)
Developer: CDL and IOI Corporation
Tenure: 99-year leasehold
Location: Beach Road (D7)
Nearest MRT station: Esplanade
Estimated no. of units: 190

5. Victoria Park Villas (CCR)
Developer: CapitaLand
Tenure: 99-year leasehold
Location: Coronation Road (D10)
Nearest MRT station: Tan Kah Kee (future)
Estimated no. of units: 109

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