8 new launches expected in Q2 of 2024

If you’re tracking the new launch condo scene this year, you’ve likely noted the impressive performance of Lentor Mansion, which achieved 75% sales rate upon launch, with prices ranging from S$2104 to S$2478. 

This success story adds to the momentum generated by other notable launches in the first quarter, such as Lumina Grand, Lentor Hills Residences, and North Gaia. 

But if you missed out on these opportunities and are still in the market for a new home, we’ve curated a list of anticipated new launches for Q2 2024 to keep you informed and ahead of the game. 

Please note that while these launches are expected for the next quarter, they are not yet confirmed. Rest assured, we’ll keep you updated as soon as more information becomes available.

New launch condos in Singapore for Q2 2024

Newport Residences

Expected TOP: 2030
Nearest MRT: Prince Edward (328m, 5-min walk), Tanjong Pagar (436m, 7-min walk)

Newport Residences might ring a bell from last year, as its launch was initially anticipated then. However, City Developments Limited (CDL) postponed the launch of this prime downtown project, citing concerns about the impact of recent government cooling measures on the high-end residential segment. Whether this launch will proceed this year remains uncertain.

Situated in Tanjong Pagar, Newport Residences is a redevelopment of the former Fuji Xerox Towers. This freehold mixed-use development will have 246 residential units ranging from 1 to 4-bedroom configurations, including a sprawling super penthouse spanning over 12,000 sqft.

Residents of Newport Residences will be treated to stunning views of the CBD, with residential units spanning the 23rd to 44th floors, while the super penthouse will crown the 45th floor. Additionally, a rooftop garden offers panoramic vistas of the city skyline and the sea.

The location offers unparalleled convenience, with two MRT stations within walking distance, as well as proximity to popular shopping destinations like 100AM Mall, Icon Village, Tanjong Pagar Plaza, and the upcoming Greater Southern Waterfront.

Average prices of new launches in District 2

District 2 has witnessed only two new launches in the past five years: One Bernam in May 2021 and Sky Everton in June 2019. In 2023, the average price per square foot (psf) in the district stood at S$2,712, driven solely by transactions from One Bernam. Sky Everton, on the other hand, commanded an average psf price of S$2,958 based on transactions over the past year.

We anticipate that Newport Residences will match or even surpass Sky Everton’s psf prices, considering that both projects offer freehold tenure compared to One Bernam’s 99-year leasehold status. Additionally, while Sky Everton is exclusively residential, Newport Residences’ mixed-use nature is likely to command a premium.

Check your affordability with 99.co’s affordability calculator!

Sora 

Expected TOP:  2027
Nearest MRT: Chinese Garden (1.2km, 10-min drive), Lakeside (1.2km, 5-min drive), future Jurong Lake District MRT

Situated in the Jurong Lake district, Sora emerges from the enbloc of Park View Apartments. This 99-year leasehold development is set to offer 440 residential units, ranging from 1 Bedroom with study to 5 bedroom luxury units, catering to various household sizes and preferences.

Although walking access to the MRT station may be limited, bus services and driving options provide connectivity to Lakeside MRT (EWL), just two stops away from Jurong East MRT, home to malls like JEM and IMM. 

Positioned in close proximity to the recently launched LakeGarden Residences, Sora promises unobstructed views of the picturesque Jurong Lake Gardens, encompassing the Chinese and Japanese Garden. 

While daily amenities are readily available in the nearby HDB enclave, residents can also enjoy convenient access to FairPrice and the Taman Jurong Food Centre.

Average prices of new launches in District 22

There were two new launches for the area in the past five years, including LakeGarden Residences in August 2023 and the highly sought-after J’den in November 2023. 

In 2023, the average psf of new sales in district 22 stood at S$2,391. 

Considering the proximity between Sora and LakeGarden Residences (average S$2,111 psf), we anticipate Sora’s prices to closely mirror those of its neighbouring development, with prices potentially ranging from S$1,900 to S$2,100+ psf. 

Rather look at condos that will MOP this year? Have a read here: Upcoming Executive Condos (ECs) that will MOP in 2024 & 2025

The Hill @ one-north

Expected TOP:  2026
Nearest MRT: One-North (454m, 7-min walk), Buona Vista (458m, 7-min walk)

If you’re a nature enthusiast, The Hill @ One North might just be the perfect fit for you. This 99-year leasehold condominium by Kingsford Development is nestled at Slim Barracks Rise in One-North, adjacent to the popular One-North Park, a favourite spot for walking, running, and cycling enthusiasts.

Originally a GLS site, this 142-unit project will offer a mix of 2, 3, and 4-bedroom configurations, providing residents with a variety of living options. 

With its proximity to Buona Vista MRT station (EWL/CCL) and one-north MRT station (CCL), residents enjoy convenience and accessibility to nearby hangout spots like The Star Vista, Rochester Park, Holland Village, and Timbre+.

The Hillshore

Expected TOP: 2027
Nearest MRT: Haw Par Villa (451m, 7-min walk)

Adding to the roster of exciting new launches in District 5 is The Hillshore, a boutique development comprising approximately 59 units. Despite its smaller scale, The Hillshore promises a unique living experience in a vibrant neighbourhood.

Conveniently located in walking distance to Haw Par Villa MRT station on the Circle Line, residents enjoy seamless connectivity to various destinations, including Mapletree Business City, VivoCity, and the bustling technological hub of one-north. The Circle Line also provides easy access to popular dining and social spots like Holland Village, Adam Road, and Rochester Park, ensuring residents are never far from entertainment and leisure options.

The anticipated completion of stage 6 of the Circle Line in 2026 will further enhance connectivity for residents of The Hillshore. This means you can expect direct access to the CBD and Marina Bay in just 6 to 8 stops on the MRT.

If that’s not enough reason to put your questions of potential price appreciation at ease, the new launch will also be in close proximity to the Greater Southern Waterfront (GSW) – making it an attractive investment opportunity in the long term.

Average prices of new launches in District 5

Recent launches in the area, such as Blossoms by the Park and One-North Eden, garnered favourable reception, indicating strong demand for residential units in the vicinity. 

District 5 witnessed an average psf of S$2,488 for new launches over the past year, with Blossoms by the Park leading transactions at an average S$2,444 psf. Unit prices for The Hill @ one-north could range from S$2,034 to S$2,732 psf.

As for The Hillshore, you might expect a sales psf range of S$2,018 to S$2,500 or even higher due to its freehold nature. 

Arina East Residences 

Expected TOP: 2028
Nearest MRT: Katong Park (278m,4-min walk), Mountbatten (766m,4-min drive)

Arina East Residences, formerly known as La Ville, is an upcoming freehold condominium located in the vibrant Eastside. 

Situated along Tanjong Rhu Road, Arina East Residences enjoys a prime location between the CBD and the rapidly developing Paya Lebar Central.

Residents of Arina East Residences will benefit from its proximity to various amenities, including the Sports Hub and shopping malls such as Kallang Wave Mall, Leisure Park Kallang, 112 Katong, Parkway Parade, Roxy Square, and Paramount Shopping Complex. 

Additionally, the project is conveniently located near Nicoll Highway, providing easy access to the CBD and the East Coast Parkway.

Another plus point you’ll want to note? The Urban Redevelopment Authority (URA) has earmarked a 14-hectare area near Arina East Residences for commercial development, which industry analysts predict will lead to an increase in land value.

Ardor Residences

Expected TOP: 2026
Nearest MRT: Tanjong Katong (836m, 6-min drive)

Just like The Hillshore, Ardor Residences stands as another boutique condo, though with a more intimate setting than its counterparts. With only 35 units available, Ardor Residences offers a luxurious urban villa concept, ideal for those seeking resort-style living in the heart of the city.

From cosy 2-bedroom units to spacious 4-bedroom residences, each apartment at Ardor Residences is meticulously crafted with modern features and premium finishes.

While privacy is a key feature of Ardor Residences, the lack of walking-access MRT stations may pose a challenge for residents. However, the upcoming Marine Parade MRT station, slated to be built following the Stage 4 addition to the Thomson-East Coast Line (TEL), will offer residents convenient access within a mere 15-minute walk. Until then, a nearby bus station provides seamless connectivity to other areas.

For food enthusiasts, the area surrounding Ardor Residences is renowned for its diverse array of restaurants, hawker food, and coffee shops along Tanjong Katong Road, East Coast Road, and Joo Chiat Road. 

If you ask us, this new launch will be one that caters to the needs of growing families, with its proximity to over 10 educational institutions, including preschools, primary schools, girls’ schools, and international schools, all within a kilometre radius of the development.

Average prices of new sales in District 15

In 2023, three substantial new condo projects were launched in the area, including Tembusu Grand (S$2,474 psf), The Continuum (S$2,738 psf), and Grand Dunman (S$2,536 psf). 

All three of these projects performed very well last year, and can even be considered the top-selling new launches of 2023, indicating strong demand in the East Coast area.

As Arina East Residences is situated within a nine-minute drive of both Tembusu Grand and The Continuum, we anticipate its prices to align closely with these developments, or even exceed them due to its freehold status, which typically commands higher price tags.

As for Ardor Residences, prices would range from S$2,113 to S$2,476 psf.

Interested in buying your own BTO flat? Read on here: Full list of BTO projects hitting MOP in 2024/2025 & Our top picks near the MRT



Marina View Residences

Expected TOP: 2026
Nearest MRT: Shenton Way (156m, 3-min walk), Downtown (403m, 6-min walk), Tanjong Pagar (438m, 7-min walk)

Much like Newport Residences, Marina View was another project that postponed its launch in response to cooling measures imposed by the government. This 748-unit development stands as a mixed-use development in the prime Marina Bay district, renowned as both a commercial epicentre and a premier tourist destination, making it an esteemed location for luxury condominiums.

Embracing the opulence of its surroundings, Marina View Residences boasts a plethora of amenities, including an Infinity pool, water maze, gym, sculpture garden, wine lounge, gourmet pavilion, private dining room, sky club, and even an onsen.

Located within one of the fanciest parts of the CBD, Marina View offers unparalleled access to an array of amenities, albeit with a higher price tag for dining and entertainment options. With walking access to various train lines, residents also enjoy convenient proximity to renowned retail destinations such as Marina Bay Sands, Chinatown Point, and Raffles City.

Featuring a comprehensive mix of 1-bedroom to 5-bedroom residential units, Marina View Residences is poised to attract affluent tenants seeking rental assets, given its proximity to major financial institutions and its central location within the CBD. For investors eyeing prime real estate, this project presents an enticing opportunity.

Looking for a property close to an MRT station of your choice? Check out 99.co’s MRT map here.

Average prices of new sales in District 1

Considering Marina View Residences’ prestigious address alone, it’s evident that units in this new launch will command premium prices. The last new launch in this area, Marina One Residences, TOP-ed in 2018. Subsequently, the last new sales in the district date back to 2019, culminating in an average psf of S$2,562.

Notably, Marina One Residences and Marina View Residences are merely a 4-minute drive apart with similar amenities and accessibility. Therefore, we anticipate prices to be somewhat comparable. 

However, it’s essential to bear in mind that these averages are reflective of transactions from five years ago. With Marina View Residences potentially marking one of the first new launches in the area after a prolonged hiatus, prices could see an upward trajectory.

32 Gilstead

Expected TOP: 2028
Nearest MRT: Newton (421m, 6-min walk)

With only 14 units available, this luxurious boutique condo offers exclusivity and sophistication to its discerning residents.

Nestled amidst lush greenery, including forests and reservoirs scattered around the Thomson area, 32 Gilstead promises a perfect balance of tranquillity and urban convenience. However, the coveted location also translates to higher property prices compared to other parts of Singapore.

Adding to this, 32 Gilstead is just a 6-minute drive away from Singapore’s largest medical centre, Tan Tock Seng Hospital, and is surrounded by renowned schools, making it an ideal choice for families.

Despite Newton‘s laid-back pace of life in comparison to neighbouring Tanglin and Orchard, residential properties in the area remain highly sought-after due to its strategic location between Orchard Road and Bukit Timah. 

In the coming years, residents of 32 Gilstead can expect two improvements to the area: The Master Plan 2019 envisioning the rejuvenation of Orchard and Downtown as a lifestyle hub and the upcoming Stage-6 of the Circle Line opening by 2025 to enhance connectivity in the Central Region. 

Average prices of new sales in District 11

Over the past five years, District 11 has witnessed several new launches, with Pullman Residences Newton emerging as a standout, accounting for nearly half of the combined new sales in the district last year. Reflecting the district’s penchant for luxury living, the average psf for new sales in 2023 was S$3,021.

With its prestigious location and exclusivity, 32 Gilstead is poised to command premium prices, with an anticipated sale psf range of S$3,199 to S$3,563 — slightly higher than the district’s average for the previous year.

Have plans to sell your current home for a new launch condo? Let us connect you with a property consultant.