Buyers can’t seem to catch a break in 2021. Just when they’d hoped a return to Phase II might slow the pace, the opposite has happened: transaction volumes and prices have started to creep up. For those waiting in the wings, the “wait-and-see” approach may not pay off after all. Here’s a rundown of the top selling new launches, where.
TOP:
3Q 2025
One-North Eden is a much anticipated launch for investors and homeowners alike as it marks the first residential development at one-north in 14 years, with the last launch being The Rochester Residences, which TOP-ed in 2011.
The one-north (yes, the small letters are deliberate) precinct spans 200-hectares and is meant to be an icon of Singapore’s knowledge economy.
Let me explain – it was first conceptualised in 1991 before masterplanned in 2001 by the renowned Zaha Hadid Architects, whose other Singapore projects include the iconic D’Leedon and The Interlace. JTC Corporation is the developer of this mammoth business park and envisions this precinct as a community of its own.
“The bigger the better”
And if this phrase was any indication of consumer preferences, it would seem that Normanton Park would be on due course for a home run.
After all, it is and should be the biggest new launch of 2021 (bar any surprise mega en bloc deals) – at a staggering total of 1,862 units.
So for those keeping track, Normanton Park will surpass D’Leedon as the second biggest development in Singapore (in terms of units) – the first prize trophy still goes to Treasure at Tampines – the behemoth in the East with 2,203 units.
But let’s be honest, this isn’t a prize that anyone really wants to win.
Highlight developments as of January 2021
While we can’t cover every single development yet (many are still too new), there are some highlights already emerging. Here are the ones to take note of early this year:
1. Normanton Park
Developer: Kingsford Huray Development Pte. Ltd.
Lease: 99-years from 2019
Number of units: 1,862 (1,840 apartments, 22 villas)
Why is this interesting?
There’s a lot of buzz around Normanton Park, mainly revolving around its former no-sale license.
As this is something of a long topic, we’ll present a detailed explanation of this later in the week (and our review); do follow us on Facebook for an update. The other really hinges on the fact that it will be the largest new launch project of 2021.