Property Insights
Snap Shot of Potential New Launches in 2022
what's interesting about the potential launches in 2022?
- Mass market homes near an MRT station
Buyers looking for an OCR project that is conveniently located within easy reach of an MRT station will have a few options this year. They include the Tanah Merah Kechil Link project (at the doorstep of Tanah Merah MRT station) by MCC Land, GuocoLand’s new launch at Lentor Central (will be integrated with Lentor MRT station), and the upcoming development in Ang Mo Kio Avenue 1 (about 500m from Mayflower MRT station) by a joint venture between UOL Group, Singapore Land Group and Kheng Leong Company.
what's interesting about the potential launches in 2022?
- Executive Condominium (EC)
Once known as the darling of the private residential segment, ECs will remain a hot favourite among home buyers, particularly first-time Singaporean home buyers and those upgrading from HDB flats. Three EC projects could be launched this year, starting off with North Gaia in Yishun Avenue 9, followed by Tengah Garden Walk EC and Tampines Street 62 EC in the later part of 2022. ECs tend to be popular with buyers as their pricing could be 20% to 30% cheaper than other private condo launches. This segment is also unlikely to be affected by the new cooling measures as the EC buyers are least impacted by the ABSD rate hikes compared to investors and foreigners.
what's interesting about the potential launches in 2022?
- Downtown living and integrated developments
A number of projects are likely to be launched in the downtown area and central business district. One of the most highly anticipated ones is the mixed-use development at Marina View by IOI Properties Group. The project – near Shenton Way MRT station – will offer 905 residential units and it will be the first new private housing launch in the Marina Bay locale since Marina One Residences was put on the market in 2014.
what's interesting about the potential launches in 2022?
- City fringe offerings
There are also some exciting new launches in the city fringe, including the mixed-use Jalan Anak Bukit project (by Far East Organization & Sino Group) in the charming Beauty World area, and another in Northumberland Road (by CDL & MCL) near the Little India heritage district. Both the Jalan Anak Bukit and the Northumberland Road projects will be well-served by public transportation, being connected to the Beauty World MRT station and Farrer Park MRT station respectively. These two upcoming launches are set to inject greater vibrancy to their surrounding neighbourhoods.
what's interesting about the potential launches in 2022?
- Fewer mega developments
Unlike previous years, there would be limited mega condo projects to be launched for sale in 2022. Based on PropNex’s tracking of the potential launches, none of the upcoming developments have more than 1,000 residential units in the project. The Marina View project with an estimated 905 units will be the largest new launch expected this year (see table below). In contrast, the past years saw numerous sizable projects put on the market, such as Normanton Park (1,862 units), Treasure at Tampines (2,203 units), Riverfront Residences (1,472 units), Parc Clematis (1,468 units), and The Florence Residences (1,410 units), amongst others.
what's interesting about the potential launches in 2022?
- Mass market homes near an MRT station
Buyers looking for an OCR project that is conveniently located within easy reach of an MRT station will have a few options this year. They include the Tanah Merah Kechil Link project (at the doorstep of Tanah Merah MRT station) by MCC Land, GuocoLand’s new launch at Lentor Central (will be integrated with Lentor MRT station), and the upcoming development in Ang Mo Kio Avenue 1 (about 500m from Mayflower MRT station) by a joint venture between UOL Group, Singapore Land Group and Kheng Leong Company.
Top 10 Potential New Launches (incl. ECs) in 2022 By Estimated Number of Units
TENGAH GARDEN WALK (EC)
Project Name
ANG MO KIO AVE 1
New Private Home Sales More Than Doubled From December To January, Driven By A New Mass Market Project
RESIDENTIAL PROPERTY MARKET OUTLOOK (2023 Edition)
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