2022 Upcoming New Condo Projects Singapore
Full List (Part 4)
Freehold and 99yrs Condo

Belgravia Ace was the first launch for 2022, surpassing expectations and serving demand for freehold cluster houses to be 72% sold, on its first weekend. Averaging $1,000 psf, the price point was attractive to buyers who were impressed with the quality of this project. 

The Singapore property market has been positive, despite the revised cooling measures, which may deter multiple property investors and foreign investors for a while. First introduced in 2018, the Singapore government introduced cooling measures to stabilise the real estate market and reduce speculation. The new cooling measures will not affect first-time buyers though, and thus it could be an apt opportunity for you to get your dream unit, with less competition.

In 2022, there will be an estimated 41 new condo launches, with a total of 5,389 residential units. Based on the number of units, 22% are in the Core Central Region (CCR), 37% in the Rest of Central Region (RCR), and 41% in the Outside Central Region (OCR). In comparison, in 2021 and 2020 launches, there were 27 and 26 new projects launched respectively. In 2022, although the number of new condo launches are significantly more, the total number of units released will be lesser. 

There will be many freehold condo launch, landed properties and 99yrs leasehold condo projects launching this year. We can expect a few condo developments especially in prime district Bukit Timah, District 15, a few in The Central Business District (CBD) and many in the Core Central Region (CCR).

For this year, we won’t be seeing many mega projects such as Treasure at Tampines or Normanton Park. This is partially due to developers’ constraints to keep project size small amidst concerns of selling all units within timeframe and rising construction cost.

For these past months, we have been seeing brisk sales at new condo launch projects around Singapore too, at CanningHill Piers, Irwell Hill Residences, Midtown Modern and Normanton Park. The response has been good at Provence Residence EC, MORI, Pasir Ris 8 and The Watergardens at Canberra too.

There are price promotions at some of these projects and investors have taken the opportunity to purchase their preferred unit. Some of these projects will obtain their TOP in 2022 / 2023, and interest has been picking up.