• Apartments & Condos for Sale in Singapore: 8 New Projects & Launches

    Posted on 1 Comment

    singapore-property-for-sale

    Do you plan to buy property in Singapore?
    Click here to get in touch with an experienced agent

    Singapore is a popular choice for overseas investors with deep pockets. It’s not strange as it has a well-functioning system, it’s safe, and offers a high quality of life.

    This small tax haven will continue to attract people for decades. J.P. Morgan even predicts that prices will double until 2030. Neighboring countries, like Cambodia, Vietnam, Malaysia, and Indonesia are not as stable and still have much to prove in the long run.

    In this article, you’ll learn about some of the most interesting new property projects for sale in Singapore, including condos, apartments, and villas. We update the list continuously for you to stay up to date.

    Latest Update: 2019-06-06

    1. One Pearl Bank

    Address: 1 Pearl Bank, Singapore 169016

    One Pearl Bank is a luxury condominium project located right in the heart of Singapore and next to the Outram Park MRT station. The project has a unique design with two curved towers with a much vegetation.

    The project will be finalized in 2023 and be one of the tallest residential buildings in Singapore at a height of 178 meters. One Pearl Bank will have a lot of amenities and have many schools in its vicinity, for example: Gan Eng Seng Primary School, Cantonment Primary School and Outram Secondary School.

    Project Overview

    • Project: One Pearl Bank (External Link)
    • Developer: CapitaLand
    • Completion date: 2023
    • Prices: TBA
    • Estimated yield: Unknown
    • Type: Luxury condominium
    • Tenure: 99 year leasehold
    • Number of units: 774
    • Amenities: Clubhouse, function room, guard house, tennis court, indoor gym, 50m swimming pool, sun deck, BBQ pits and children’s playground

    Unit Types & Sizes

    • 1 – 3 Bedroom units: 40 – 261 square meters

    About the Developer

    CapitaLand is one of the biggest real estate developers in Singapore and has successfully built dozens of residential and commercial projects all over Asia. The Peak in Cambodia is just one example.

    In addition to One Pearl Bank, CapitaLand has built Marine Blue, The Interlace, D’Leedon and The Orchard Residences in Singapore.

    Learn More About this Project

    2. Parc Clematis

    Address: Jln Lempeng, Singapore 128793

    Parc Clematis is an off-plan luxury condo project built by Sing Haiyi Group. It will be located with a short walking distance to the Clementi MRT station (District 5) and have a number of amenities and schools nearby. For example: Nan Hua Primary, Qifa Primary, Clementi Primary, Commonwealth Secondary and more.

    The project will have two modern residential towers offering a beautiful view of Singapore’s skyline.
    You’ll also reach the following clubs within a short distance: The British Club, Arena Country Club, Singapore Island Country Club, Swiss Club Singapore.

    Project Overview

    • Project: Parc Clematis (External Link)
    • Developer: Sing-Haiyi Gold Pte Ltd
    • Completion date: 2023
    • Prices: TBA
    • Estimated yield: Unknown
    • Type: Luxury condominium
    • Tenure: 99 year leasehold
    • Number of units: 1,468
    • Amenities: Guard house, clubhouse, function room, indoor gym, tennis court, 50m swimming pool, sun deck, BBQ pits & children’s playground and more

    Unit Types & Sizes

    • 1-5 Bedroom units: 42 – 184 square meters
    • Penthouses: 185 – 248 square meters
    • Others

    About the Developer

    Sing Haiyi is a listed and quickly growing property developer having operations in American and in Asia. The company won a number of awards in 2018, including:

    • Best Executive Condo Development – Asia Property Awards
    • Best Personality of the Year – Asia Property Awards

    Learn More About this Project

    3. The Jovell Condo

    Address: 11 Flora Dr, Singapore 506852

    The Jovell is an off-plan project located at Flora Drive, set to be finished in 2023. With merely 5 minutes to Changi Airport, you can reach many amenities and facilities within a short distance such as: Changi Jewel Mall, Tampines Mart Complex, and Singapore Expo Centre.

    The Changi West MRT Station is within walking distance and you’ll find a number of international schools in the area.

    Project Overview

    • Project: The Jovell (External Link)
    • Developer: Hong Leong Holdings Limited
    • Completion date: 2023
    • Prices: Starting from SGD 499,000 (USD 364,000)
    • Estimated yield: 3.0 – 3.5%
    • Type: Condominium
    • Number of units: 429
    • Amenities: Clubhouse, swimming pool, tennis courts, basement car park, and more

    Unit Types & Sizes

    • 1-3 Bedroom Units: 49 – 84 square meters

    Unit Overview

    About the Developer

    Hong Leong Group is one of the biggest property developers in Singapore, with 40,000 employees operating worldwide. The company is involved in financial services, trade & industry, property development, and hotels.

    In 2016, it sold 1,052 units and was named Singapore’s Property King. Other projects managed by the company include Quayside Isle, Coco Palms, One Shenton, and more.

    Learn More About this Project

    4. The Tre Ver

    Address: 112 Potong Pasir Ave 1, Singapore 350112 Macpherson / Potong Pasir (D13)

    The Tre Ver is an off-plan project, located in the upcoming District 13 of Potong Pasir. The area is one of the oldest charming districts with an authentic Singaporean feeling. You’ll find a lot of green areas and be able to enjoy a 220 meter long river frontage, having conserved raintrees.

    The area flourishes with a number of amenities and schools, including The Poiz Centre, The Venue Shoppes, St Andrew Secondary School, St Andrew Junior College, Cedar Girls’ Secondary School, and more.

    Project Overview

    • Project: The Tre Ver (External Link)
    • Developer: UOL Group
    • Completion date: 2022
    • Price: Starting from around SGD 738,000 (USD 538,680)
    • Estimated yield: Unknown
    • Type: Condominium
    • Number of units: 729
    • Amenities: Infinity pool, aqua gym, clubhouse, gym, library, BBQ area, games room, lap pool, and more

    Unit Types & Sizes

    • 1 – 4 Bedroom units: 45 ~ 128 square meters

    Unit Overview

    About the Developer

    UOL is a public-listed property developer managing investment properties, serviced suites, office towers, and shopping malls. The company is well-known for building high quality projects.

    The company has won a number of awards, including the FIABCI Prix d’Excellence Award, Urban Land Institute Awards for Excellence and President’s Design Award, and the Aga Khan Award for Architecture.

    Learn More About this Project

    5. V on Shenton (Five on Shenton)

    Address: Shenton Way, 5A, Singapore 068814

    V on Shenton was finished as late as Q4 2017 and close to both Tanjong Pagar MRT and Marina Bay MRT. The project is located in the well-known Shenton Way in Singapore and consist of both commercial and residential units. Some famous schools in the area include the FY Institute of Technology, Outram Secondary School, and Columbia Business School.

    Being located in such an exclusive area you’ll find Sheng Siong Supermarket, Prime Supermarket, Cold Storage, China Square Central, and Marina Bay Sands within a short distance.

    Project Overview

    • Project: V on Shenton (External Link)
    • Developer: UIC Investments (Properties) Pte Ltd
    • Completion date: Q4 2017
    • Price: From SGD 1 million (USD 730,000)
    • Estimated yield: 2.0 – 2.5%
    • Type: Condominium
    • Number of units: 510
    • Amenities: BBQ area, sun deck, garden lounge, private lounge, tanning isles, outdoor fitness, refreshment bar, and more

    Unit Types

    • Studios
    • 1-3 Bedroom Units
    • Penthouses

    Unit Overview

    About the Developer

    United Industrial Corporation Limited (UIC) was established in 1963 and is publicly listed. The company is a leading real estate developer with 2.5 million square feet of office space and 1 million square feet of retail space in Singapore.

    You’ll find developments by UIC in a number of international cities, including London, Shanghai, Tianjin, and Beijing.

    Learn More About this Project

    6. The Tapestry

    Address: Tampines Street 86, 522875, Changi / Pasir Ris (D17-18)

    The Tapestry is an off-plan project built by the reputable developer City Developments Limited. The project is located in the strategic region Tempines and has attracted many property buyers since the launch in Q1 2018.

    The closest MRT is Tampine West and you’ll find a number of schools close by, for example, Junyuan Primary School, Springfield Secondary School, Poi Ching School, Tampines Primary & Secondary School, and more.

    Project Overview

    • Project: The Tapestry (External Link)
    • Developer: City Developments Limited
    • Completion date: 2022
    • Price: From around SGD 500,000 (USD 365,000)
    • Estimated yield: 3.0 – 3.5%
    • Type: Luxury Condominium
    • Number of units: 861
    • Amenities: Pool deck, jet pool, lounges, sun deck, pavilion, BBQ area, gym, lap pool, infinity pool, tennis court, and more

    Unit Types

    • 1-5 Bedroom Units: 41 ~ 185 square meters

    Unit Overview

    About the Developer

    City Developments Limited (sometimes referred to as CDL) is an international real estate developer operating in 28 countries and regions. It’s a publicly listed company that builds everything from residential properties, hotels, offices, serviced apartments, shopping malls, and more.

    Since its inception over 50 years ago, CDL has completed more than 40,000 homes and controls 18 million square feet of lettable floor worldwide.

    Learn More About this Project

    7. 8 St Thomas

    Address: St Thomas Walk, 238146, Orchard / Holland (D09-10)

    8 St Thomas is located in the middle of Orchard and with walking distance to the new MRT station Great World City. The project offers an astonishing view of Singapore’s commercial areas and has a number of modern amenities, including a sky garden, sun deck, lounges, and more.

    You’ll find a number of shopping malls, restaurants, and international schools within proximity of the complex.

    Project Overview

    • Project: 8 St Thomas Suite (External Link)
    • Developer: Bukit Sembawang Estates Limited
    • Completion date: 2018
    • Price: From around SGD 1.3 million (USD 949,000)
    • Estimated yield: Unknown
    • Type: Condominium
    • Number of units: 250
    • Amenities: Tennis court, pavilion, sunshine deck, wading pool, swimming pool, gym, BBQ area, fitness corner, function room, and more

    Unit Types

    • 1-4 Bedroom Units: square meters
    • Penthouses

    Unit Overview

    About the Developer

    Bukit Sembawang was founded over 100 years ago and initially worked as a leading rubber company. It’s currently a reputable and public-listed developer working in investment, property development, and many other real estate related activities.

    The company has built 2,500 homes in Seletar Hills, more than 1,000 houses in Sembawang Hills and other properties in more than 500 other locations.

    Learn More About this Project

    8. The Crest Condo

    Address: Prince Charles Cres, Singapore 159017

    The Crest is a mixed luxury development project located in Alexandra. The project has both condominium units and villas, built in a green luxurious design with much vegetation. The closest MRT station is Redhill on the East West Line, it will take you around 25 minutes to reach the central business district by public transportation.

    The Crest is famous for offering a private and luxurious feeling, offering many green areas and with units that don’t overlook one another. You’ll find a number of amenities and facilities in the area, including a Teppanyaki grill, garden Jacuzzi, sky gym, and more.

    Project Overview

    • Project: The Crest (External Link)
    • Developer: Wing Tai Asia
    • Completion date: Q2 2018
    • Price: SGD 1.2 million (USD 111,480)
    • Estimated yield: 2.5 – 3.0%
    • Type: Condominium
    • Number of units: 469
    • Amenities: Pool deck, Teppanyaki grill, sky gym, garden Jacuzzi, tennis court, jogging track, bio lagoon, waterwall, clubhouse, and more

    Unit Types

    • 1 – 5 Bedroom Units: 59 ~ 161 square meters

    Unit Overview

    About the Developer

    Wing Tai was originally founded in Hong Kong and has more than five decades of experience in the real estate industry. It was listed on the Singapore Stock Exchange in 1989 and has managed to become a leading developer in Asia.

    The company focuses on property development and investment, retail and hospitality management in many Asian markets. There are a number of subsidiaries under Wing Tai Asia, including Wing Tai Malaysia Sdn. Bhd., Wing Tai China Pte Ltd., Wing Tai Properties Limited (Hong Kong), and Wing Tai Holdings Limited (Singapore).

    Learn More About this Project

    FAQ

    Below you can find frequently asked questions from property buyers, including our replies.

    Can foreigners buy property in Singapore?

    In short words, yes. But Singapore’s government is famously known for protecting its nation and citizens. Therefore, some restrictions apply. First of all, let’s have a look how Singapore’s Land Authority (SLA) defines non-foreigners:

    • Singapore citizens
    • Singapore companies
    • Singapore limited liability partnerships
    • Singapore societies

    Hence, if you don’t fall under any of these terms, you’re treated as a foreigner.

    Below I’ve listed the most common options you have when buying property in Singapore, and what regulations you’re subject, in case you’re a foreigner.

    Buying landed property as a foreigner in Singapore

    If you want to buy a landed property, such as a villa with land, you first need to get approval under the Residential Property Act. The application can be made online, where each application is managed individually.

    According to the Residential Property Act, you can buy a house if you meet the following conditions:

    a. You’ve been a permanent resident (PR) for at least 5 years

    b. You make exceptional financial contributions to Singapore, where your tax roll plays a big role

    The regulations are a bit tough when buying landed property and many foreigners buy strata-titled properties instead, such as condominiums.

    Buying a condominium as a foreigner in Singapore

    You have no particular restrictions to buy condominiums as a foreigner in Singapore.

    In addition to regular condominiums, Singapore introduced so called Executive Condominiums (ECs) a couple of decades back. The ECs are more luxurious and a preferred choice over the local HDB apartments, that are more modest and generally not available to foreigners.

    Just keep in mind that you can only buy ECs 10 years after completion.

    Another point worth mentioning is that Singapore charges a significantly higher capital gains tax, in case you trade property with a profit-seeking incentive. The assessments are made on an individual basis.

    What kind of property do foreigners need approval for before buying?

    Below I’ve listed the property types you can buy without the necessity to seek approval.

    • Vacant residential land
    • Terrace house
    • Semi-detached house
    • Bungalow/detached house
    • Shophouse (for non-commercial use)
    • Association premises
    • Place of worship
    • Workers dormitory/serviced apartments/boarding house (not registered under the provisions of the Hotels Act)
    • Strata landed house which is not within an approved condominium development under the Planning Act (eg. townhouse or cluster house)

    What kind of property can foreigners buy without approval?

    To make it more clear, below I’ve listed the property types that you can buy without the necessity to apply for approval:

    • Condominium units
    • Flat units
    • Strata landed house in approved condominium developments

    In addition, foreigners can acquire a leasehold estate in a landed residential property for a term not exceeding 7 years, including any further term which may be granted by way of an option for renewal;

    • Shophouse (for commercial use)
    • Industrial and commercial properties;
    • Hotel (registered under the provisions of the Hotels Act); and
    • Executive condominium unit, HDB flat and HDB shophouse. (For this category, you may wish to find out more information on HDB eligibility guidelines at www.hdb.gov.sg or email HDB at hdbsales@mailbox.hdb.gov.sg.)

    How high are the property taxes in Singapore?

    Singapore has introduced high taxes in the past years, to protect its local market and citizens. Below you can find the taxes you need to pay when buying property in Singapore.

    Buyer’s Stamp Duty (BSD) for foreigners

    The Buyer’s Stamp Duty increases progressively as follows:

    • 1% of the first SGD 180,000
    • 2% of the second SGD 180,000
    • 3% of the remaining value
    Example with calculation of the Buyer’s Stamp Duty (BSD)

    With a property value of SGD 500,000, you need to pay the following BSD:

    SGD 180,000 * 1% + SGD 180,000 * 2% + SGD 140,000 * 3% = SGD 9600

    Additional Buyer’s Stamp Duty (ABSD) for foreigners

    In addition to the regular Buyer’s Stamp Duty, Singapore has followed the same path as Hong Kong and introduced an Additional Buyer’s Stamp Duty (ABSD).

    Singapore experienced rapidly increasing property prices in the first half of 2018 and increased the rate from 15% to 20% during the same year.

    Example with calculation of the Additional Buyer’s Stamp Duty (ABSD)

    Let’s make things easy and use the same property value as in the above example, SGD 500,000. The total amount of the Additional Buyer’s Stamp Duty and the BSD will be calculated as follows:

    BSD + ABSD = SGD 9600 + (SGD 500,000 * 20%) = SGD 109,600

    Are there any minimum investment requirement in Singapore?

    Indonesia and Malaysia have implemented minimum investment requirements towards foreigners, a measure to protect the local markets.

    However, Singapore has not adopted the same measures, but followed the Hong Kong’s example, and increased the taxes instead.

    How high are the rental yields?

    Singapore ranks low in terms if rental yields, unfortunately. Yields average of around 3%, something that you can notice when reading about the listed properties above.

    Still, Singapore is a preferred location as it’s stable, has low taxes, and a proven track record. This is not the case with Cambodia, Vietnam, and Malaysia, that still have much to prove.

    Other Singapore Property Guides

    Want to learn more about taxes, visas and the buying process? Check out these articles:

    Want to buy property in Singapore?

    Fill out the form to get in touch with a real estate agent

  • 1 Responses to “Apartments & Condos for Sale in Singapore: 8 New Projects & Launches

    1. Top 11 Singapore Property Developers: The Definitive Guide at 1:39 pm

      […] be able to find many residential properties like terraced houses, apartments, condominiums, townhouses, semi-detached houses, and cluster housing built by the […]

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    [FREE EBOOK]
    [FREE EBOOK]
    [FREE EBOOK]
    [FREE EBOOK]
    [FREE EBOOK]
    [FREE EBOOK]