Singapore Recent Launches
- Recent launches reveal pricing trends and buyer appetite across segments.
- Take-up rates and psf indicate where demand is strong.
- Use launch data to benchmark value, not to chase hype.
With record-breaking launches and competitive pricing, Singapore's market is changing rapidly.
Recent Launch Performance
| Project | Launch | Units | First-Day Take-Up | Avg PSF |
|---|---|---|---|---|
| Chuan Park | Nov 10, 2024 | 916 | 77% | $2,500 |
| Union Square Residences | Nov 9, 2024 | 366 | 20% | $3,200 |
| Emerald at Katong | Nov 16, 2024 | 846 | 99% | $2,621 |
| Nava Grove | Nov 16, 2024 | 552 | 65% | $2,448 |
| Novo Place EC | Nov 16, 2024 | 616 | 57% | $1,654 |
| The Collective at One Sophia | Nov 6, 2024 | 367 | 10% | $2,500 |
Chuan Park — a strong performer
916 units in District 19 next to Lorong Chuan MRT (Kingsford & MCC Land), a redevelopment of the former Chuan Park sold en bloc for ~$890M in 2022. With District 19's last major launch being The Scala in 2010, demand is strong. A solid mid-tier, well-located pick.
Emerald at Katong — a clear winner
846 units in District 15 near Tanjong Katong MRT (Sim Lian), achieving a 99% first-day take-up at ~$2,621 psf — driven by the East Coast lifestyle and strong demand for family-sized homes at a competitive price.
Premium Projects, Slower Starts
Union Square Residences (D1, CDL, ~$3,200 psf) hit only 20% take-up; The Collective at One Sophia (D9, ~$2,500 psf) just 10% — both premium projects that may need time amid a crowded November launch calendar. Nava Grove (D21, ~$2,448 psf) posted a solid 65%.
The Rising New-Launch vs Resale Gap
New launches now average $2,500–$3,200 psf — at least 40% (roughly $300 psf) higher than resale. The case for resale: value (mature D10/D15 units ~$300 psf cheaper), immediate occupancy, and a proven track record. Top resale picks include 19 Nassim (D10, ~$2,800 psf, 4–5% yields) and Cuscaden Reserve (D9, ~$3,000 psf). Districts 9, 10 and 15 should remain popular and appreciate steadily.