Top 5 recommended New Launch Condo for 2024 That You Should Look Out For
2024 promises to be a remarkable year with a multitude of new condominium developments that cater to the ever-changing needs and aspirations of modern homeowners. This year there is expected to have 32 new private condominium launches and 1 Executive Condo (EC) launch for 2024. Looking at last year of 36 launches there are 3 fewer launches as compared to this year of 33 launches.
Below is the full list of all 33 new launch condo development for 2024. Out of the 33, I will be curating and selection the top 5 condominiums which, using my Property P.L.U.S System, I am confident there’s are the best that gives the highest possible profit that is deemed considering.
These are all the new condominium development that will be launching in 2024. In total there are 33 of them. Although 33 developments seem to be a huge number but a majority are boutique developments. Firstly, I would remove all developments with less than 300 units which I consider than boutique developments and they have a track record of not being very profitable. Boutique developments are usually not favourable due to high maintenance fee and low transaction volume which cause price to be stagnant. Out of the 33, what is left is only 17 developments.
How do I qualify that a project is worth recommending? I use my formula and the factors I look out for are:
- Pricing
- Location
- Future Growth
- Saleability
- Rentability
The Hill @ One-North (Greatest Potential)
Nestled within the vibrant and innovative enclave of One-North, “The Hill @ One-North” stands as a testament to modern urban living. The Hill has strong shopping and dining options, with places like The Star Vista offering a range of retail and F&B outlets.
Buona Vista is home to reputable educational institutions such as the National University of Singapore (NUS) and the Singapore Polytechnic. Additionally, the area is part of the one-north business park, which houses research and development facilities, making it an ideal location for academics and professionals in the research sector.
The one-north business park, which includes Biopolis and Fusionopolis, makes Buona Vista a hub for businesses in the biomedical sciences, infocomm technology, media, and other knowledge-based industries. This attracts professionals (potential tenants) working in these fields.
Looking at nearby Blossom by the Park & One-North Eden which were highly sought after, this project is expected to sellout on the first day.
est PSF: $2,500 – $2,600 psf
Prices to be released later.
To be updated on launch Feb 2023.
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Located along Lorong Chuan, this condominium is located next to Lorong Chuan MRT station. I have been emphasising that the Circle Line is one of the best MRT line in Singapore due to the accessibility to the CBD and also One North.
This project will be highly sought after as there is no new development near its surrounding, distance to MRT, proximity to Bishan,
A mere 5-minute drive leads to NEX, the largest shopping mall in the Northeast, while the charming Serangoon Gardens, along with Junction 8 and AMK Hub. The area also caters to families with a commitment to education, hosting a variety of renowned institutions such as Maris Stella High School, CHIJ Our Lady of Good Counsel, and Cedar Girls’ Secondary School, establishing a nurturing environment for academic excellence.
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est PSF: $2,500 – $2,600 psf
Prices to be released later.
To be updated on launch April 2023.
Lorong 1 Toa Payoh Site
This development is expected to house 800 residential units.
Toa Payoh has all along been a highly sought after location being in the Rest of CentralRegion (RCR) of Singapore. Moreover, there has not been a new launch condominium in Toa Payoh for over 8 years, the last being Gems Residences.
Located within a 5 minutes walk to Toa Payoh MRT station, this condominium will be jointly develop by CDL, Frasers Property and Sekisui House.
With Toa Payoh being the highest number of million-dollar HDB flat transactions in Singapore we expect to see mainly HDB upgraders being the main buyers.
est PSF: $2,400 – $2,600 psf
Prices to be released later.
To be updated on launch Q2 2023.
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Clementi Ave 1 GLS Site
Clementi has always been a hot site and this will be one of the last few and parcels available for sale in Clementi.
Clementi, being a million dollar HDB estate, is very popular due to distance to good schools such as NUS, Singapore and Ngee Ann Poly, NUS High School, etc.
The area has a range of amenities, including shopping malls like Clementi Mall, which offers a variety of retail, dining, and entertainment options.
Clementi’s location makes it relatively convenient for those working in business hubs such as Jurong East and one-north.
est PSF: $2,400 – $2,500 psf
Prices to be released later.
To be updated on launch Q4 2024.
Marina View (Best for Investment / Rental)
Located next to future Shenton Way MRT station, Marina View Residences is close to 3 MRT stations which spans across 4 MRT lines. Situated in the hear of Singapore in the CBD area, this development is mainly for investment, where renting out is a breeze.
A 905 units mixed development with commercial shopping space and integrated with a hotel, Marina View is very close in comparison with Marina One. Expect this development to be a Luxury Condominium. Given that the price is around $2,500 psf in the CBD area, it seems undervalue, if you can afford the price tag!
Looking at the past demand of Marina One, units where quickly snapped up on launch especially the lower floor units. Hence not going too high is the key for the best rental yield which makes it my top investment recommended new launch condo for 2024.
Moreover, with several white sites in the south of Marina Bay, we do see tons of potential in the 20-30 years future.
est PSF: $2,500 – $2,800 psf
Prices to be released later.
To be updated on launch H2 2024.
Honorable Mention: Lumina Grand EC
A bonus!!! With 3 Executives Condo (EC) launching in 2022, in terms of growth potential, I give highly recommend Bukit Batok EC site.
Imagine buying Punggol 10-20 years ago and watch it grow! This will be my top recommended New Launch Condo EC for 2023.
This 496 new development will be develop by CDL who is the top developer in South East Asia for over 20 years. Outstanding quality finishing with EC pricing. What more can you ask for?
The absolute cheapest of all brand new properties out there.
est PSF: $1,300 psf
Prices to be released later.
To be updated on launch H2 2023.
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In summary, what all these recommended new launch condo for 2022 developments have in common are
- Strong Intrinsic properties
- Near to MRT
- Strong growth future potential
- Near commercial zones which leads to strong rental yield
- High demand for rental
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