First, a little insight into the current property scene. The private residential price index registered its second consecutive month of price gains in 3Q 2020, on the back of a sharp recovery in demand after the end of the circuit breaker. Sales volume in both the new and resale market in 3Q 2020 have exceeded the pre-pandemic levels and that put the market on a firm footing to recovery. The high national savings rate and low interest rate environment have also contributed to robust buying demand.
Fears over unemployment and economic contraction appeared to have subsided after the economy re-opened. Sentiments surveys conducted recently also showed that more companies are increasingly confident about prospects in the next few months.
The HDB resale market experienced a strong recovery in demand after viewing was allowed. The delays in completion of BTO flats because of Covid-19 have diverted some demand to the resale market. The resale volume has exceeded the pre-pandemic levels and could even match that in 3Q 2018.
A recovery in the HDB resale market will also provide the additional sweetener for owners to upgrade to a private property or an EC.
In 1H-1st half 2020, developers have sold more than 3,800 units and July clocked in more than 1,000. For 2020, we expect developer sales to be between 8,000 and 8,500 units.
With estimated 20 upcoming new launches planning to preview for the rest of the year subject to Covid restrictions and approval. If you can’t wait, today we will cover these following homes which you can move in soon below:
In District 9 (Orchard / River Valley)
Martin Modern (Expected H1 2021)
A luxe botanical garden home in District 9, Martin Modern is thoughtfully designed, with unrivalled accessibility. 80% of the land area will be filled with more than 200 species of plants and 50 species of trees to form an enchanting park to embrace two-towered development. Residents will be greeted daily with lush greenery and can jog or do yoga within a natural haven. This project offers the best of cosmopolitan living for the privileged with the future Great World MRT station just minutes’ walk away.
D15 (East Coast / Marine Parade)
Amber 45 (Expected Nov 2021)
Indulge in nature and seaside living with East Coast Park being minutes’ away at Amber 45. Furthermore, this freehold development consists of 139 units and a range of facilities, including a 50-metre swimming pool, party pools, a spa bed, tennis courts, clubhouse, entertainment room and more. It is only a 5 minutes’ walk to the future Marine Parade MRT station too.
Seaside Residences (Expected Jul 2021)
Located at Siglap Link, residents can enjoy a seaside address with healthy lifestyle and connectivity. This project is only a 3 minutes’ walk to the future Siglap MRT station. Furthermore, Seaside Residences hosts an outstanding range of fitness, lifestyle facilities and amenities for young and old alike, from pools, fitness zones, sky lounges, spa alcoves to wide open lawns and lush gardens.
D16 (Bedok / Upper East Coast)
Grandeur Park Residences (Expected Mar 2021)
Grandeur Park Residences is designed for your Body, Mind and Soul with wellness integrated in every aspect of the development. From integrated shops to a childcare centre, your daily routine becomes much easier. A 1-minute covered linkway walk also connects you directly to Tanah Merah MRT station, providing great convenience to Expo, Changi Airport or the city.
District 18 (Pasir Ris / Tampines)
The Tapestry (Expected Oct 2021)
Situated in the well-established town of Tampines, residents can find endless activities for family bonding at Our Tampines Hub and ease of convenience with two MRT stations. Numerous malls, IKEA, Giant Hypermarket and Courts Megastore are also just minutes’ drive away. Within The Tapestry, the Residential Services host will assist in lifestyle requests from private chef to housekeeping services and transport arrangements.
District 19 (Hougang / Punggol / Sengkang)
Forest Woods (Expected May 2021)
Forest Woods offers superb connectivity, set amidst lush wooded landscape with beautifully crafted pools and delightful facilities. It is just 5 minutes’ walk away from Serangoon MRT station / Bus Interchange and NEX shopping mall with easy access to CTE, PIE and KPE. Residents can also indulge in a 3-level Clubhouse with 24-hour Gymnasium and over 60 exciting facilities waiting to engage and entertain the whole family.
District 27 (Sembawang / Yishun)
Kandis Residence (Expected Apr 2021)
Kandis Residences is nestled in a quiet and serene enclave along Kandis Link. Residents seeking to escape the hustle and bustle of the city may find tranquility in this condo located near Sembawang Park. You can enjoy nature walks, do morning exercises and relax as you soak in the beautiful natural scenery around. Sembawang MRT station, Wellington Primary School, Canberra Primary School and Sembawang Secondary School are in close proximity as well.
Hope today’s quick session will provide some selections for those whom is looking for an immediate property to move in quickly. Do let us know if any of these property attracts you and we will be able to 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.
That’s all for today hope to see you next video and don’t forget to subscribe and to be kept updated of the future videos coming up. Cheers and bye.