New Launches are the staple of the private property market. But with so many New Launches available in the market now, which project should you go for? How do you hunt for disparity in prices across all the New Launches? Well, we’ve got you covered.
In this article we will be sharing with you an extensive list of New Launch projects that still have balance units and are priced UNDER $2,000 PSF. If you have been on the fence of which New Launch to go for, this article may drive you in the right direction.
1. The Myst
If you are looking for maximum security, this project is located right opposite the Ministry Of Defence at Hillview Camp, along Upper Bukit Timah road. It is also a short 5 to 7-minute walk away from Cashew MRT station on the Downtown Line (DTL). For those who are familiar with this line, it has high and fast connectivity to the major areas of Singapore. The nearest point for daily amenities is one stop away at Bukit Panjang with Hillion Mall and Bukit Panjang Plaza to choose from. Nature lovers will also get to enjoy several green spaces like Bukit Timah Hill, Bukit Timah Nature Reserve and The Rail Corridor. Main connectivity for drivers is via Bukit Timah Expressway (BKE) and Pan-Island Expressway (PIE) through Dairy Farm Road.
The Myst has sold off 60% of its 408 units available and still has remaining balance available across their 1-Bedroom + Study to 5-Bedroom units. Transacted PSF prices range between $1,886 to $2,377 PSF. Currently, the 3-Bedroom + Study, 4-Bedroom and 5-Bedroom layouts have available units under $2,000PSF starting from about $1,867 PSF. This provides a suitable entry for interested buyers looking for larger units. Unit sizes are at 1,163 sqft for 3-Bedroom + Study, 1,453 sqft for 4-Bedroom and 1,690 sqft for 5-Bedroom layouts. For more information and our review on The Myst, do check out our article here.
2. Hillhaven
Nestled in an exclusive private residential enclave that stretches from Hillview MRT station to the upcoming Hume MRT station, Hillhaven is the latest edition in the Hillview cluster.
Coincidentally, it is located adjacent to Hillview Camp, similar to The Myst. Drivers who are familiar with the area would also know that the ingress road to the enclave is via Hillview Road, which can get relatively congested. Good news is that there is an additional road under construction that links directly to Dairy Farm Road for easy access to BKE, slated to be completed in 2024.
There is much to be excited about this area as Hillhaven will unlikely be the last residential project to be constructed. With 4 more residential plots and a plot zoned for educational purposes surrounding Hillhaven, it signifies further transformation in the area. This 341 unit development also features 2 blocks with 27 & 28 storeys for views overlooking the landed enclave towards the southern direction.
Hillhaven is currently 42% sold with 195 units remaining with all layouts from their 2-Bedroom to 4-Bedroom types available. The smaller layouts, the 2-Bedroom and 2-Bedroom + Study, are priced slightly above $2,000 PSF. However, the 3-Bedroom, 3-Bedroom + Study and 4-Bedroom layouts have available units with prices ranging from about $1,947 to $1,982 PSF. The 3-Bedroom and 3-Bedroom + Study layouts, due to their efficiently planned spaces, are also attractively priced below $2M at 947 sqft and 1,012 sqft respectively. The 4-bedroom type standing at 1,259 sqft is currently asking slightly below $2.5M. But don’t just let the pricing entice you, check out our full review here.
3. The Arden
A unique offering in this area of District 23, where boutique developments are a rarity. Located beside its neighbouring 396-unit development, Hillsta, The Arden is nestled within a landed enclave along Phoenix Road. Although boutique developments in this area are rare, there happen to be two of such nature (the other one being Phoenix Residences which has already been sold out). The enclave is almost exclusively accessed by residents who stay within, making it a quiet and private estate.
The nearest MRT is Bukit Panjang, which is a 10-minute walk away, but the nearest transportation option is a 5-minute walk to Phoenix LRT station which is 1 stop away from the Bukit Panjang Interchange. Multiple amenities are available in the vicinity with Junction 10, Hillion Mall and Bukit Panjang Plaza to choose from.
The Arden is currently 59% sold with 42 balance units to select, from 2-Bedroom to 4-Bedroom + Study layouts. PSF prices range from about $1,695 for the 3-Bedroom + Study layout to about $1,902 for the 2-Bedroom layouts. 3-Bedroom options are priced below the $2M quantum mark at about $1.8M, which rivals the resale prices of the integrated development Hillion Residences. With a fresh 99-year lease, the prices are comparative with the 11-year-old integrated Hillion Residences. For the full review on The Arden, click here.
4. Mori
Now on to more central offerings below $2,000 PSF. If you are looking for a focus area of New Launches below $2,000, the first 3 New Launches we featured should already give you an indication of where to search. Anyway, moving on to District 14, is where you will find Mori.
Located along Guillemard road, Mori is sandwiched between 2 MRT lines, Aljunied station on the East-West Line (EWL) and Mountbatten station on the Circle Line (CCL). Although it is a 10 to 15-minute walk away to either of the stations, there is no lack of accessibility via public buses. Coupled with the convenience of stores along the shophouse row of Geylang, there is little need to travel out of the area other than for the daily commute to work. Mori is also 1km away from Kong Hwa school which positions it well for interested parents.
Only 2 units are left of their 3-Bedroom layouts, both priced around the $2.2M quantum for 1,173 sqft of space. This translates to roughly $1,900 PSF. For the level of convenience and accessibility, along with the Freehold tenure, this would be a notable consideration for investors. For comparison, the neighbouring Grand Dunman, which is a 99-year leasehold development right beside Dakota MRT, has transacted at a PSF range of between $2,364 – $2,904, averaging $2,564 PSF. For the full review on Mori, check out our article here.
5. Kassia
Located in D17 along Flora Drive, this development is the newest addition to the Flora enclave, which is a high concentration of private residential developments. A quick fun fact, the developments in this area are launched in alphabetical order. Azalea Park Condominium which starts with the letter A is the first development to sprout in the area and in today’s context, the latest development Kassia, is represented by the letter K. Access to this enclave has recently been enhanced with the addition of the DTL and Tampines East station. The nearest stations were Expo and Tampines Stations on the EWL previously.
Kassia has yet to be officially launched at the time of writing, with preview dates starting from 6 July. Based on preliminary information released, we are expecting PSF prices to range between $1,7XX to $1,9XX. With 1-Bedroom layouts pricing below the $1M quantum mark, this could be a potential investment opportunity for buyers looking for lower quantum properties. For more information on Kassia, read our review article here.
Final Thoughts
We have excluded Executive Condominiums (ECs) in this article for the obvious reason that these developments are priced lower than $2,000 PSF due to their subsidised nature. However, with these five developments that we have featured, there are still opportunities for investors looking for New Launch projects below the $2,000 PSF mark. 2024 is turning out to be an exciting year for New Launches with the amount of inventory developers are holding. There is no shortage of choice for own stay buyers and investors alike.
If you need a second opinion on any of these projects mentioned or any other development, do not hesitate to connect with us here. Our PLB Consultants, with their wealth of knowledge and experience, stand ready to offer you a personalised consultation session.
AND! Get ready for the ultimate new condo showcase: PLB x Seedly New Launch Convention 2024! View and compare more than 80+ New Launch condominiums in Singapore through this one-stop expo for investors and homebuyers. If you’re still on the fence and considering a new launch property, this is the best place to be! Join us this July 7th at Suntec Convention Centre, Hall 404 and gain access to PLB’s latest investment strategies and exclusive frameworks for choosing the right condo. Tickets are now available here: https://www.propertylimbrothers.com/plb-new-launch-convention-2024/
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