Your search results

Finding Your Dream Home In The Near Future. Exciting Upcoming Property Launches In The First Half Of 2024

Posted by Jayson Ang on December 25, 2023

| 0

TLDR

The real estate sector in 2023 saw significant policy shifts affecting both private and public housing, with various changes like hikes in ABSD rates and tweaks to public housing regulations. In 2024, exciting prospects await with new property launches near MRT stations, mixed-use projects, and developments close to schools and amenities. Whether you seek nature, transport convenience, or educational proximity, there’s something for everyone in the upcoming projects. Consider factors like transport links, school proximity, and mixed-use developments when deciding whether to buy, sell, or wait in the current real estate market.

As we approach the tail end of the year, it’s natural to start reflecting on what’s been and eagerly anticipate what’s ahead. If we were to cast our gaze back, it’s pretty clear that 2023 was a noteworthy period for the domestic real estate sector with plenty of policy shifts affecting both private and public housing.

From hikes in additional buyer’s stamp duty (ABSD) rates, to increased marginal buyer’s stamp duty rates for more expensive properties, to a bunch of tweaks to public housing regulations, including the stricter rule for picking build-to-order (BTO) flats, and the upcoming reclassification of flats from the latter half of 2024, it can be quite a head-scratcher for newcomers.

In light of the cooling measures introduced in April 2023, the numerous policy alterations to chew over, and stubborn interest rates, some hopeful buyers have decided to hit the pause button to assess their choices. For those who are still hunting for their dream home or a solid investment property, 2024 is set to offer some thrilling prospects. Here’s a sneak peek at some potential new projects slated for launch in the first half of the coming year.

**Some Possible New Launches* In 1H 2024**

Source: PropNex Research, PropNex International (*not listed in any particular order; subject to change)

Among the bunch, a couple of projects stand out as real gems. They’re like the gold medal winners of the property game. One of these is Skywaters Residences, previously known as AXA Tower, on Anson Road. This place is set to be Singapore’s highest building once it’s done, taking the title from Guoco Tower, which currently stands proud at 283.7m. Another noteworthy project is over at Marina Gardens Lane. It’s the first piece of land sold in the fresh Marina South district. Both of these high-profile developments are within an easy stroll to an MRT station – Tanjong Pagar station for Skywaters Residences and the soon-to-be-opened Marina South station for the Marina Gardens Lane project. Actually, quite a few of the upcoming launches are conveniently located near an MRT station, meaning you could walk there in under 10 minutes. Pretty cool, right?

If you’re hunting for a home with seamless MRT access, these developments might just hit the sweet spot: the old Meyer Park plot (a short 7-minute stroll to the soon-to-be-unveiled Katong Park MRT stop); plots along Bukit Timah Road & Duke’s Road (again, only 7 minutes to the Botanic Gardens MRT hub); The Hill @ One North (a brisk 6-minute walk to Buona Vista MRT hub); the once-known La Ville site (6 minutes to the budding Katong Park MRT stop); the former Peace Centre location (6 minutes to Bencoolen MRT stop); the Mount Emily initiative (6 minutes to Little Indian MRT stop); Lentoria (a convenient 5-minute journey to Lentor MRT stop); Lentor Gardens venture (5 minutes to Lentor MRT stop); Hillhaven (7 minute amble to Hillview MRT stop) and The Arcady @ Boon Keng (just 7 minutes to Boon Keng MRT stop).

Coming soon, we’ve got a bunch of exciting projects right next door to MRT stations. Just off the top, these include: Bukit Timah Link (a quick 3-minute walk to Beauty World MRT station); Marina View Residences (just two minutes to Shenton Way MRT station); Newport Residences (5 minutes away from the upcoming Prince Edward Road MRT station); the site of the old Bagnall Court (only a minute’s jaunt to the Sungei Bedok MRT station on the horizon); the site of the former Chuan Park (a mere minute to Lorong Chuan MRT station); Marina Gardens Lane project (a single minute to the upcoming Marina South MRT station); and Skywaters Residences (1 minute to Tanjong Pagar MRT station).

According to a 2023 survey from PropNex, about 40% of home buyers believe that being close to transport services is a big plus when buying or investing in residential property. Given the number of future launches near MRT stations, it’s safe to say we could see a surge of interest, especially if the price tags are reasonable.

For those on the hunt for mixed-use projects, you’ll have plenty to choose from in 2024. The Hill @ One North and the Marina Gardens Lane project are set for residential use with commercial spots on the ground floor, while Newport Residences (the former Fuji Xerox Tower) and Skywaters Residences in the city centre will each feature a commercial podium. These mixed developments are usually a hit with buyers because they offer more convenience and might also lead to bigger financial gains down the line.

City developments seem to have everything, but they often lack nearby schools. Looking at the planned projects for the first half of 2024, a few stand out for their close vicinity to educational institutions. Take the Jalan Tembusu project, for instance – it boasts over 10 schools in its immediate surroundings. Then there’s the former East Court location, surrounded by eight primary schools, four of which – CHIJ (Katong) Primary, Haig Girls’ School, Tanjong Katong Primary, and Tao Nan School – are within a one-kilometer radius. Another District 15 project, the former La Ville site, is just a hop, skip, and jump away from Dunman High School.

In Singapore, your home’s distance from a school can influence Primary 1 registration priority. Some property investors even think that being near popular schools can push up property values.

Staying on the subject of schools, two projects in Lentor Hills are conveniently located near CHIJ St. Nicholas Girls’ School. The Bukit Timah Road & Duke’s Road project is less than a kilometer from Nanyang Primary and Raffles Girls’ Primary, while The Hill @ One North is pretty close to Fairfield Methodist Primary and New Town Primary, not to mention Henry Park Primary.

On another note, the Bukit Timah Link project is nicely positioned near Pei Hwa Presbyterian Primary and Ngee Ann Polytechnic. The development on Mount Emily Road will be near the upcoming St. Margaret’s Primary, as well as cultural hubs like the LaSalle College of The Arts, Nanyang Academy of Fine Arts, and School of the Arts.

If you’re drawn to the allure of nature, several upcoming developments might pique your interest. Consider Hillhaven, nestled in Hillview Rise, or the future enterprise at Bukit Timah Link, both just a leisurely stroll away from the lush expanse of Bukit Timah Nature Reserve. This reserve is no ordinary green belt; it cradles Singapore’s tallest summit, Bukit Timah Hill. For an unbeatable proximity to verdant landscapes, the new Sora venture on Yuan Ching Road, neighbouring the vast Jurong Lake Gardens, stands unrivalled.

If your heart yearns for city life but still craves a touch of nature, we’ve got you covered. Here are some projects that might strike the right balance. The impending development at the juncture of Bukit Timah Road and Duke’s Road comes highly recommended, as it offers easy access to the esteemed Singapore Botanic Gardens, our nation’s first UNESCO Heritage Site. Additionally, Marina View Residences and the forthcoming endeavour in Marina Gardens Lane are conveniently located adjacent to the iconic Gardens by the Bay.

Taking all factors into account, there’s a compelling lineup of attractive projects slated for the first half of 2024. Whether you prefer a locale close to nature, convenient transport connections, or proximity to schools and amenities, there’s something for everyone.

Should You Buy, Sell or Wait?

If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?

It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.

I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.

I can help you by:

Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.

You May Also Like …

Mandarin Top 5

5 Factors : Why Singapore’s Property Market Is A Good Hedge Against Inflation

Jayson Ang – May 26, 2024 –

As inflation becomes a growing concern for investors worldwide, the stability of Singapore's property market has become an attractive option...

Mandarin Top 5

Powering The Lion City: The Top 5 Industries Driving Singapore’s Economy

Jayson Ang – July 20, 2023 –

Powering The Lion City: The Top 5 Industries Driving Singapore's Economy Singapore is widely recognized as one of the most...

Mandarin Top 5

5 Most Iconic Landmarks In Singapore’s Landscape

Jayson Ang – June 14, 2024 –

Singapore's landscapes is renowned for its innovative and dynamic approach to urban development, boasting some of the most iconic landmarks...

All Buying Tips Opinion

3 Things You Need to Know if You Are Buying a Second Property

Jayson Ang – August 21, 2023 –

TLDR When considering buying a second property in Singapore, ensure eligibility by meeting the Minimum Occupancy Period (MOP) and understanding...

All Blog Posts Buying Tips

Investing in Singapore Real Estate as a Foreigner

Jayson Ang – January 1, 2023 –

TLDR The blog post discusses the rules and regulations for foreign investors looking to purchase real estate in Singapore. It...

Mandarin Top 5

5 Insider Tips From Real Estate Experts On How To Get The Best Deal On Property In Singapore

Jayson Ang – March 16, 2024 –

Investing in property can be a great way to build wealth and secure your financial future. However, with Singapore's highly...

All Blog Posts Buying Tips

Should We Upgrade to a Condo Now or Wait for Interest Rates to Go Down?

Jayson Ang – January 18, 2023 –

TLDR Considering the Singapore property market trends and financial factors, it's crucial to make informed decisions about upgrading from an...

Mandarin Top 5

Top 5 Rooftop Pools in Singapore for a Swim

Jayson Ang – March 30, 2024 –

Singapore, a bustling city-state known for its iconic skyline and innovative architecture, is home to some of the most stunning...

All Blog Posts Opinion

How to Maximise Your Home Value Before Selling : 6 Simple Steps

Jayson Ang – February 9, 2023 –

TLDR When looking to sell your home, consider simple ways to boost its value without costly renovations. Organize living spaces,...

All Buying Tips

Is 2024 the Perfect Moment to Refinance Your Home Loan? Discover What Homeowners Should Consider!

Jayson Ang – July 20, 2024 –

TLDR The article covers the shift to SORA for home loan rates, urging consideration of refinancing options amidst rising rates....

Mandarin Top 5

Experience Singapore’s Best: 5 Districts with Unmatched Access to Shopping, Dining, and Entertainment

Jayson Ang – February 23, 2024 –

Here are my top 5 picks for districts in Singapore that offer easy access to some of the best shopping...

Mandarin Top 5

5 Things to Know About Singapore’s Urban Redevelopment and Landscape Changes

Jayson Ang – March 11, 2024 –

As one of the world's most densely populated cities, Singapore has undergone significant urban redevelopment over the past few decades...

All Buying Tips

Using CPF Funds to Finance Your HDB Flat or Private Property in Singapore: A Comprehensive Guide

Jayson Ang – May 13, 2024 –

Discover the extent to which your CPF savings can be utilized for the acquisition of a HDB home in Singapore,...

Mandarin Top 5

Top 5 Instagram-Worthy Spots in Singapore

Jayson Ang – February 21, 2024 –

Singapore, a beautiful city-state known for its stunning architecture, lush greenery, and vibrant culture, is a photographer's paradise. The island...