Moving forward to the near future, there are minimum 2 projects that has a mix of residential and commercial units and also close to the Woodleigh MRT station.
Some of the condo launching are MCC Land’s pipeline. This includes a land parcel at 10 Tampines Avenue . It is zoned to be a private condo site that and will be launching into the 3rd Quarter this year.
CDL Limited due to their working relationship with Hao Yuan Investment, they will be providing a few of the Chinese developer’s international projects with project management near to the Sengkang General Hospital and the Sengkang Sports and Recreation Centre. This includes their current portfoilo of Danga Bay. It is a mixed used development project and another 12 Woodland Avenue EC development which is upcoming and is target to launch the sale in June 2016 for Piermont Grand EC by CDL
There is another new development that MCC Land is handling. It is known as HY Realty’s Private condominium project situated at Dundee Road. We are expecting it to launch in 2020 into the 3rd Quarter. The building construction of both the Punggol and Dundee projects is currently handed by the sales agent.
The developers is managing about 2.9% raise in the private home sales in the year 2015. The market analyst from the agency mentioned that the expects the flats sales performance from the EC and private sector reckon that the flat sales for the upcoming year comes in about 2, 762 executive condo (EC) in 2019, up from 1, 478 in 2018.
It was examined that the figures related is subject to the current cooling measures for both private condos near Waterway Point and Kopitiam Square. If remained the same, we forecast that around 7, 500 private housing and 2,500 EC units will be traded off in 2016. However, if the current cooling measures were removed, then we will expect a much higher sales records.
Developers are careful on the volatility of the market, but none has given the direction to poostpone the launch date for release several months after the Chinese New Year. However, developers are careful of the volatility real estate stock market, and their selling pricing on new condo unit for the current year to reflect this. Piermont Grand, located in Punggol, and Visionaire in Canberra, are a few of the projects such as the Sengkang MRT is set to market this year in Canberra EC.
Another sales consultant enhanced further that careful approach are used by developers. Their consultants highlighted out that the developers are likely to start the projects, they are on the look out for chances to their relaunches and launches.