Even though we’re well into the second half of 2023, there are still many new launch condos set to hit the market in the coming months. And so, if you’ve been looking to sink your money into a new condo this year, here are 6 of the hottest upcoming condo launches that are not only great places to live in, but also hold strong investment potential.
Image credit: J’Den
Total number of units: 368
Earlier this month, we bade farewell to the J’Cube shopping centre next to Jurong East MRT. After 11 faithful years of serving West-siders, it shuttered its doors to make way for a 40-storey mixed-use development called J’den. In addition, it will have a direct link to the existing Jurong East MRT station, as well as the future Jurong East Integrated Transport Hub.
Fantastic public transport connectivity aside, what else makes J’den a strong investment potential is its location. For starters, Jurong will be redeveloped and transformed to the Jurong Lake District (JLD), which is dubbed Singapore’s ‘second CBD’ and will add over 100,000 new jobs to the area.
Finally, the condo will be located next to Westgate, JEM, and IMM, which means that there’s plenty of food and retail options at your doorstep.
Contact the J’Den developer team here for more information and to arrange a viewing appointment.
Marina View Residences
Image credit: Marina View Residences
Total number of units: 905
Living right in or near the city centre has many draws. You’re close to retail and dining options just a short commute away, and there’s also the prestige of living in the central business district itself.
It’s not everyday that new condos sprout in the CBD, which is why Marina View Residences has been generating hype ahead of its launch. Scheduled for late 2023, Marina View Residences is a mixed-use residential development that’ll be located in the heart of Marina Bay. According to speculations, the indicative launch prices will start from upwards of $2,378 psf.
Another highlight is its proximity to the existing Shenton Way MRT, which is 3-4 minutes away on foot. For drivers and avid Grab-takers, the MCE nearby allows you to access either the West (via AYE) or East (via KPE) easily.
Contact the Marina View Residences developer team here for more information and to arrange a viewing appointment.
Lentor: Hillock Green by Soibuild/YanLord
Image credit: New Condo Launch
Total number of units: 474
Hillock Green is named after Hillock Park, which will be one of the main features of the new Lentor estate. Set to TOP in 2027, Hillock Green will feature about 474 units, and located next to Lentor Modern with just a slightly further walk away to the existing Lentor MRT station.
Apart from being located within a private housing enclave, which will likely drive up the prestige factor of the property, it’s also near brand name institutions such as CHIJ St Nicholas, Presbyterian High School, and Anderson Primary School. With these factors in mind, it’s likely that the property will increase in value over the years.
Contact the Lentor: Hillock Green developer team here for more information and to arrange a viewing appointment.
The Hill@One North
Image credit: The Hill@One North
Total number of units: 142
The Hill @ One North, a brand new 99-year leasehold condominium located at Slim Barracks Rise, will be a relatively small development, with only 142 residential units. However, it will still feature all the usual frills you’d find in a typical condo.
It will be a mixed use development with commercial spaces on its ground floor. This will afford residents quick and easy access to some amenities, which can be a concern given the relatively sparse offerings at One-north.
Given the high concentration of offices in the area, dubbed the ‘Silicon Valley’ of Singapore, those working there may seek a nearby rental to cut down on commute time. With a large pool of potential tenants, you can expect a modest but good rental yield as a form of return of investment.
Contact the The Hill@One-North developer team here for more information and to arrange a viewing appointment.
BONUS: Lentor: TID Resi
Image adapted from: Urban Redevelopment Authority
Speaking of Lentor, there will be yet another condo launching in the near future. Though details are scarce, Lentor’s land parcel B, situated along the intersection of Lentor Hills Road and Lentor Gardens, was won by TID.
TID is a joint venture between developers Hong Leong Group and Mitsui Fudosan. Their winning bid was at a price of $1,130 per square foot per plot ratio. According to some online reports, this might translate to a selling price of residential units at around $2,000 and $2,100 psf.
Upcoming condo launches in 2023 with strong investment potential
When shopping for a condo for investment purposes, pay attention to its connectivity to public transportation, as well as proximity to amenities and schools. These factors will sharply increase your investment yield. With these tips in mind, you’ll be able to expand far beyond the 6 upcoming condo launches with strong investment potential on our list.
For more new condo launches:
- New condos in 2023 near Katong
- First executive condo in Bukit Batok in over 20 years
- Most affordable condos ranked by prices PSF
Cover image adapted from:
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