DOWNLOAD: 60 New Condo Launches Expected In 2019
In the pipeline for launch in 2019 are about 60 projects. Several developers have already lined up previews in January, ahead of Chinese New Year on February 5.
They include Roxy-Pacific Holdings’ Fyve Derbyshire and RV Altitude; TEE Land’s 35 Gilstead (the former Casa Contendere); One Meyer by Sustained Land; and Jervois Prive (former Jervois Green) by a consortium led by the owner of Spring Court restaurant.
Meanwhile, bigger projects such as SingHaiyi’s The Gazania (former Sun Rosier) and The Lilium (former How Sun Park) are slated to launch after Chinese New Year.
Prime districts take the lead of new-home launches
Source: EdgeProp.sg
With the spike in the number of new launches next year, the number of new units sold could range between 8,000 and 10,000 units. However, demand could depend on economic and business conditions, which are contingent on external factors such as the [US-China] trade war.
All in all, the housing market is expected to be more challenging in 2019, with exuberance already curbed by the cooling measures in July and the new regulation regarding minimum average unit sizes outside the Central Area announced in October.
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