Today we will be covering the best-selling project for each zone within Singapore for the first 3 quarters of 2020
Singapore is generally divided into 5 regions: the West, East, North and North-East, and our shopping and business center – the Central. In these 5 regions, its sub-divided into a total of 28 districts, with each region housing a group of districts. Find out more about the regions and districts in our description section.
A little insight into the quarter performance for the new launches for this year. We started off Q1 this year with a healthy performance with over 7% increase in the price per square feet against the same period in 2019. Sales slowed down a little with Covid hitting our shores, which resulted in closing of showflats, and restrictions in viewing. However although volume slowed a little during the Covid lockdown but the price per square feet still maintained, instead of decreasing. Only the Central and East region experienced a drop in PSF. Interestingly volume sales for all regions did not decrease but yet increase from Q1 to Q3. The Singapore new launch property market is relatively resilient during the Covid lockdown and has emerged strong after the reopening after a nearly 2-month long circuit breaker. Without further ado, lets move to explore the best-selling new launch project for each zone within Singapore for the first 3 quarters of 2020.
First – The Central Region. The Central Region is the most convenient and accessible location you can live in, with major shopping malls surrounding the areas and daily necessities within easy reach. There are plenty of international schools located in the Central area as well. Housing Districts 1 to 4, District 6 to 14 and District 21, the Central region is the most premium region in Singapore.
The Central Region has clocked 3,580 units for the past 3 quarters, with the best performing project – The M Condo @ Middle Road in District 7 generating total sales of 394 units. About 77% sold with an average psf price of $2,532, the M has accumulated about 11% of the total sales for the Central region for 2020.
The M will comprise of three 20-storey residential tower and one block of low-rise apartment, atop a row of approximately 1,500 sqm of commercial space on the ground floor. Located in the heart of the central district and it sits close to the business district and the shopping belt of Orchard Road, the M is conveniently located within a four- to 5-min walk of three MRT stations – Bugis MRT Interchange Station for the East-West and Downtown Lines, the City Hall MRT Interchange Station for the North-South and East-West Lines, and the Esplanade MRT Station on the Circle Line.
Next, lets move to the West. The West region is the largest (by size) area in Singapore and with Jurong West being the largest town. Housing Districts 5, 22, and 23, the west is a beacon of Singapore’s industrial development since independence, and remain as the country’s largest manufacturing hub. This region has large advancement plans with the future Jurong Lake District (JLD), Jurong Innovation District (JID), Tuas Mega Port, and large scale new housing and community facilities. All these which will be nestled within lush green spaces, creating more working opportunities amidst developments with greenery integrated in every aspect.
The West Region has clocked 880 units for the past 3 quarters, with the best performing project – Parc Clematis in District 5 generating total sales of 438 units. About 67% sold with an average psf price of $1,548, Parc Clematis has accumulated about 50% of the total sales for the West region for 2020.
Parc Clematis comprises of nine blocks of 24 storey units, six units of 2 storey strata bungalows and 12 units of 2 storey strata terrace. Standing on a site area of 633,644 sqft, Parc Clematis has dedicated about two-thirds of its area to building a haven of lush greenery coupled with a resort like lifestyle, featuring a massive 100m lagoon beach pool in the middle of the site. Parc Clematis is conveniently located about an 8-min walk to Clementi MRT stations and within the Singapore educational zone.
3rd region – the North. As the name implies, it is the northernmost region of the country and its mostly under-developed and has an abundance of nature and greenery. Over the next 15 years, its poised to develop into multiple One-Stop Hubs with integrated developments at various towns. Residents of the North will see increased Green & Blue Spaces for Fun & Leisure and enhanced connectivity with several new MRT stations and Integrated Transport Hubs, creating with more well connected towns.
The North Region has clocked 48 units for the past 3 quarters, with the best performing project – The Essence in District 26 generating total sales of 30 units. About 86% sold with an average psf price of $1,307, The Essence has accumulated about 63% of the total sales for the North region for 2020.
The Essence is a low density 2-block, 5-storey, 84-unit luxury condominium where each unit having its own car park. Sandwiched between Lower Seletar Reservoir on the east and Seletar Reservoir on the west, The Essence is greeted with wide open spaces in every direction like the Central Catchment Natural Reserve, Sembawang Country Club, Lower Peirce Reservoir. Embracing nature as its theme, situated within a private enclave of landed properties with no high-rise buildings, The Essence is also conveniently located around an 8-min walk to the Springleaf MRT station.
Next is the North-East region. The Northeastern part of Singapore is mainly made up of newly developed towns like Punggol and Sengkang; and established towns like Ang Mo Kio, Serangoon and Hougang. Under the master plan, The North-East is planned to be developed into a popular heartland living for the masses, creating Liveable & Inclusive Communities within each town. Increased new community amenities, integrated developments, as well as sport centres are planned for this region. This region will also see improved Public Transport and Cycling networks, increased recreational opportunities and enhanced connectivity and more convenient commutes.
The North-East Region has clocked 1,499 units for the past 3 quarters, with the best performing project – Jadescape in District 20 generating total sales of 448 units. About 86% sold with an average psf price of $1,689, Jadescape has accumulated about 30% of the total sales for the North-East region for 2020.
The Jadescape will have seven residential blocks of 21 to 23 stories and feature cutting edge smart home features to provide residents with a secure and comfortable living experience. Its a stone throw away from the MacRitchie Reservoir Park and Bishan-Ang Mo Kio Park, and situated within close vicinity of several renowned schools. Located in the centre of the city with easy access to four MRT lines; Circle Line, North-South Line, Thomson East Coast Line and the proposed Cross Island line, Jadescape is about 3-mins walk to the Marymount MRT Station.
The last region is the East. The East of Singapore is the unique eastern gateway & seaside destination of Singapore. With the East Coast park, Changi Point, and Sungei Tampines providing seaside recreation, the eastern side is also home to major employment hubs like Changi Business Park and Changi Airport, the East will welcome more jobs in the semi-conductor and aviation-related industry clusters at Tampines North, Pasir Ris and Changi. Planned developments in Bayshore and Tampines South will see a new surge of life, with more homes, new community facilities and green spaces within the public housing estate.
The East Region has clocked 1,123 units for the past 3 quarters, with the best performing project – Treasure at Tampines in District 18 generating total sales of 716 units. About 73% sold with an average psf price of $1,356, Treasure at Tampines has accumulated about 64% of the total sales for the East region for 2020.
Treasure at Tampines comprises of 2,203 residential spreading across 29 residential blocks, designed with contemporary architectural symmetry, beautiful landscaped grounds and lush greenery. Lifestyle enriched by 128 exciting condominium facilities, Treasure at Tampines is located within the nicely matured estate and is home to a number of splendid amenities from entertainment hubs, financial centers, dining establishments, even shopping, health facilities and educational institutions. Treasure at Tampines is also about 10-mins walk to the Simei MRT Station.
Today’s session explores the different regions of Singapore and allows some insights into its future potential and developments. The best-selling projects and their respective psf within each region will provide some guidance for buyers looking for a property within the area.
Do let us know if any of these properties attracts you or other projects within the region. Let us advise and assist on choosing a good unit for you. Developer sale doesn’t require agent fee and do let us assist you on your property needs.