https://www.edgeprop.sg/property-new...-launch-prices

These new condos are more affordable now compared to their initial launch prices

By Felicia Tan / EdgeProp Singapore | August 23, 2021



Everyone loves a bargain, and even more so, when it comes to property in Singapore. After all, land is a valuable resource in the country and it doesn’t look to be transacting at cheaper prices anytime soon.

For instance, the successful launch of Pasir Ris 8 on July 24 saw prices for its units increase six times due to overwhelming demand as the project was three times oversubscribed ahead of its launch.

The surge in prices was also due to the fact that the project is an integrated development, and there hasn’t been a new launch in the area in seven years.

Furthermore, the pricing was attractive at an average of $1,592 psf.

The increase in psf prices for the development has spurred other developers with similar projects to adjust their prices upwards.

However, if you look hard enough, there are projects that are selling below their initial launch prices for a variety of reasons. Here, we looked at projects that were launched in 2019, 2020 and 2021.

For a like-for-like comparison, we looked at similar units — or units sold from the stack with a similar floor range — during each project’s launch period, as well as its latest sales transaction to date.

See the EdgeProp New Launches Map for 2021.

Read more at:
https://www.edgeprop.sg/property-new...-launch-prices