With HDB BTO launches being oversubscribed left, right, and centre…
I’ve got friends asking me what their options are like.
Especially since they don’t relish the idea of a 6 to 7 year wait.
And since many are pretty established, career-wise, some have even busted the income ceilings for CPF Housing Grants and HDB housing loans.
So how?
Yep.
Looking for upcoming new condo project launches?
Here’s what’s to expect!
TL;DR: Upcoming New Condo Launches in 2020
For the remaining months of 2020, there’re 7 upcoming new condo launches:
Central
The Landmark Condo
Core Central
Midtown Modern
East Region
Liv @ MB
West Region
Clavon Condo
KI Residences
The Linq @ Beauty World
Phoenix Residences
| Property Name | Developer | Region | District | Tenure | Estimated Launch Date | Estimated Units | Estimated TOP | Nearest Malls | Nearest MRT Station(s) | Primary Schools Within 1km | Primary Schools Within 1km to 2km |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Clavon Condo | United Venture Development (Clementi 1) Pte Ltd | West (Clementi Avenue 1) | D5 | 99 years | November 2020 | 640 | 1 September 2024 | Clementi Arcade The Clementi Mall West Coast Plaza | Clementi MRT | Clementi Primary Pei Tong Primary | Qifa Primary Nan Hua Primary |
| KI Residences | Hoi Hup Sunway Clementi Pte Ltd | West (Clementi, Brookvale Drive) | D21 | 999 years | November 2020 | 660 | 30 July 2024 | Beauty World Plaza Beauty World Centre Bukit Timah Shopping Centre Bukit Timah Plaza Clementi Arcade The Clementi Mall WCEGA Plaza | Beauty World MRT | Bukit Timah Primary | Clementi Primary Methodist Girls' Primary Nan Hua Primary Pei Hwa Presbyterian Primary Pei Tong Primary |
| The Landmark Condo | Landmark JV Pte Ltd | Central (Chinatown, Chin Swee Road) | D3 | 99 years | November 2020 | 396 | 30 March 2025 | Central Mall Central Square Chinatown Point People's Park Centre People's Park Complex Riverside Point | Chinatown MRT | - | Alexandra Primary Cantonment Primary CHIJ Primary (Kellock) River Valley Primary Zhangde Primary |
| The Linq @ Beauty World | Alika Properties Pte Ltd | West (Beauty World, Upper Bukit Timah Road) | D21 | Freehold | November 2020 | 120 | 6 July 2025 | Beauty World Plaza Beauty World Centre Bukit Timah Shopping Centre Bukit Timah Plaza KAP WCEGA Plaza | Beauty World MRT | Pei Hwa Presbyterian Primary | Bukit Timah Primary Methodist Girls' Primary |
| Liv @ MB | Bukit Sembawang Estates Limited | East (Katong, Arthur Road) | D15 | 99 years | H2 20 | 388 | 2024 | Kallang Leisure Park Katong Shopping Centre | Katong Park MRT [2023] | - | Kong Hwa Primary Tanjong Katong Primary |
| Midtown Modern | Guocoland | Core Central (Bugis, Beach Road) | D7 | 99 years | H2 20 | 219 | 2022 | Bugis+ Bugis Point Bugis Junction Bugis Village DUO Galleria Esplanade Xchange Raffles City Shopping Centre Shaw Leisure Gallery Suntec City Mall | Bugis MRT | Stamford Primary | Saint Margaret's Primary Farrer Park Primary |
| Phoenix Residences | USB (Phoenix) Pte Ltd | West (Bukit Panjang, Phoenix Avenue) | D23 | 99 years | H2 20 | 74 | 30 November 2023 | Bukit Panjang Plaza Hillion Mall Junction 10 | Bukit Panjang MRT Phoenix MRT | West View Primary | Bukit Panjang Primary CHIJ Our Lady Queen of Peace Chua Chu Kang Primary Greenridge Primary Saint Anthony's Primary South View Primary Tech Whye Primary West Spring Primary Zhenghua Primary |
Oh, and before you commit to a condo, you might want to pay attention to what the payment schedule is like so you can better plan your finances and manage your cashflow!
How Do I Decide Which Condo Launch To Apply For?
Besides the price (for obvious reasons) when a new condo project is launched.
You’ll want to pay attention to:
- location
- facilities
- surrounding amenities
FYI: this is not an exhaustive list
Location
If you’ve always been an East-sider, then you’ll probably want to pick a condo launch in the East since you’re probably used to living there.
Or maybe you’re thinking of renting out the unit.
Then maybe choosing a location which is near a ready pool of tenants working in business parks or the CBD would be a better bet.
Facilities
If you need access to a 40m lap pool or a tennis court.
Then you’ll want to make sure that the condo you’re picking has these.
Oh, and check how many parking lots will be built too.
Because there might not be enough for every person who lives in the development.
P.S. you’ll be surprised how many people overlook this when buying a condo.
Surrounding Amenities
If your primary means of transportation is public transport.
You’ll want to make sure that transport networks are accessible and conveniently located nearby.
I mean, you wouldn’t want to have to walk 15 minutes just to get to the nearest MRT station right?
You’ll also want to pay attention to whether there are any eateries and shopping malls nearby…
Because it would really suck if you have to lug heavy bags of groceries to your new condo from the nearest NTUC which is 5km away.
For parents planning to have kids, you’ll also want to consider what schools are within the vicinity of the development you pick.
Especially if you plan on sending your kids to a popular primary school, it makes a huge difference if you’re within a 1km radius of the school.
Freehold vs Leasehold Condos: What’s the Difference?
Unlike HDB flats which come with a standard 99-year lease.
There are freehold condos and leasehold condos.
Generally, there are 3 common types of condo tenures:
- Freehold
- 99-year leasehold
- 999-year leasehold
So… what’s the diff?
Freehold
For a freehold condominium, you own both the unit that you purchase as well as the land on which the condo building stands.
As the owner of a freehold property, you own it for an indefinite period.
Meaning you can ACTUALLY pass it on to future generations, unlike an HDB flat which is a leasehold property that has to be returned to the government at the end of its lease.
Generally, freehold condominiums cost a bit more because you own a part of the land too.
This also means that you’ll have to deal with the upkeep of the land and condo building.
But this also means that you’ll have more say about what you wish to do with the property and its surroundings.
HOWEVER, the condo corporation or management will still retain some control over what freehold owners can do with the property.
So, you know, we don’t have people building emergency bunkers in the parking lot…
Oh, btw, freehold condos are rare, so expect competition — especially from property investors.
99-year Leasehold
With a 99-year leasehold property, you’re leasing the condo unit for 99 years.
Note: you’ll want to take note of when the lease commences
While you own the condo unit, you DO NOT own the land on which the condo building stands.
The biggest advantage of a 99-year leasehold is that you don’t have to care about the upkeep of the land and building.
But you’ll still have to pay for the maintenance of common property and facilities like the playground, parking, swimming pool, and etc.
999-year Leasehold
The concept is similar to a 99-year leasehold.
But since 999 years is pretty much like an eternal tenure of sorts, most people consider it to be similar to a freehold property.
Like freehold properties, a 999-year leasehold condo is rare.
How Do I Pick the Best Condo Unit?
Once you’ve worked out your finances and decided on which condo launch to apply to.
You can use this handy guide to figure out how to pick the best condo unit in order to get the best bang for your buck.
It’s a huge purchase bruv.
You’re gonna need all the help and information you can get.
You’re welcome.
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