Over the past 12 months, Singapore’s property market has seen several notable condominium launches that have garnered significant attention. Here are some of the most prominent developments:
The Arcady @ Boon Keng
Located in District 12 along Serangoon Road, this freehold condominium offers 172 units ranging from 1- to 5-bedroom layouts. Its proximity to Boon Keng MRT station and inclusion in the Kallang River Masterplan make it a prime choice for urban living.
The Hill @ One-North
Situated in Buona Vista, this 99-year leasehold development comprises approximately 142 units, from 1- to 4-bedroom configurations. Its strategic location near Buona Vista and One-North MRT stations positions it within Singapore’s burgeoning technology hub.
Lentor Modern
This integrated development in the Lentor area features residential units atop a shopping mall, providing residents with unparalleled convenience. Its connectivity to Lentor MRT station enhances its appeal.
Despite escalating property prices, several factors continue to drive demand for these new launches:
- Fear of Being Outpriced: Many buyers are concerned that waiting might lead to even higher prices in the future, prompting them to purchase now to lock in current rates. Channel News Asia
- Confidence in Market Stability: Singapore’s robust economy and political stability instill confidence in buyers, making property investment a perceived safe haven. Channel News Asia
- Attractive Development Features: Modern amenities, strategic locations, and integration with transportation hubs make new condominiums appealing, offering both lifestyle benefits and potential appreciation.
- Progressive Payment Schemes: For under-construction properties, buyers benefit from staggered payment schedules, reducing immediate financial burdens.
While high prices are a concern, these factors collectively sustain interest and transactions in Singapore’s property market.