Demand for Singapore land has always been there. Developers have always tried to be competitive with their land bid and the bigger companies such as CDL has managed to outmuscle other competitors financially. Take a look at the following image and see what’s the market like in 2021. The list of 2021 private properties that are expected to launch this year.
As you can see, there are a few executive condominiums in the pipeline. The one in Tampines has been launched and has received tremendous turnout as more than 50% has been sold. There will be upcoming one by Fernvale by another giant Frasers Property.
We know that homebuyers that have been standing at the sideline, curious to see what’s going on and what is available in the market.
In total, there are 34 launches this upcoming year, coming from a good mixed of Government Land Sales and En-Bloc. And despite the pandemic COVID-19, we are expecting to see these condos receive a good turnout again.