New condo set to be on the market in the Q1 of 2023, perfect for downsizing or upgrading

New condo set to be on the market in the Q1 of 2023, perfect for downsizing or upgrading

You may want to check at new launch condominiums if you are in the market for downsizing your current house or are a first-time homeowner searching for your ideal dwelling. While there were fewer than 20 new launches in 2022, it is anticipated that there would be about 40 new launches in 2023.

We have put together a list of new launch projects that are scheduled to begin their operations in the first quarter of 2023. This list is ideal for homeowners who are considering moving to a new launch but first want to sell the house they now own first.

Sceneca Residence (District 16)

Sceneca Residence is the newest mixed-use development in the eastern region, and it will have a direct connection to the Tanah Merah MRT station when it is completed. The development will contain a total of 268 residential units, with floor plans ranging from one to four bedrooms (including penthouses), in addition to 19 commercial units.

The tender for the government land sales (GLS) site at Tanah Merah Kechil Link has been won by the project’s developers, MCC Singapore, Ekovest Development, Feng Shui Master Singapore, and The Place Holdings, for a price of $248.99 million ($930 psf per plot ratio).

The convenience of having a supermarket that is 1,000 square metres in size as well as another 1,000 square metres of retail and food and beverage outlets will be available to future homeowners.

In recent times, there have only been a handful of newly established businesses in District 16. The costs, on average, were above S$1500 per square foot between the years 2018 and 2022. On the other hand, the most recent new launch, Sky Eden@Bedok, was sold for an average of S$2,112 per square foot in transactions.

Since Sceneca Residence will similarly be a mixed-use development like Sky Eden@Bedok, we anticipate that its pricing range would be somewhat similar. In addition, Sceneca Residence is connected to an MRT station, which provides an additional benefit and most likely results in a higher asking price.

Whether you already have a house in District 16 and are thinking about downsizing to a smaller space, you may be wondering if it would be a smart idea to acquire a unit at Sceneca Residence.

As a result, if you want to downsize to a new apartment with one fewer bedroom (for example, going from a three-bedroom condo to a two-bedroom condo), you should be able to easily afford it.

Due to COVID-19, Pullman Residences Showflat is open for Online Bookings. You can now register online to receive direct developer discount offers and prices.