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  • Writer's pictureVivian Chong

Developer New Launch Condos In District 15 & 16 (Updated Sept 2023)

Updated: Jan 13


Vivian Chong, District 15 real estate property agent


New launch properties in District 15 and 16 has been running low in supply in 2022. However supply has been bumped up by a few major launches in 2023.


In District 15, 3 major projects were launched here. They are Tembusu Grand, The Continuum and Grand Dunman.


In District 16, Sceneca Residences were launched in January 2023.


In this article, let's take a look at what are the projects that is in the pipeline so you can consider if you are looking to purchase a unit in District 15 and 16.



Upcoming New Launch Projects In District 15 & 16


(1) The Continuum @ Thiam Siew Avenue (District 15) - LAUNCHED!


The continuum
The 2 plots of land at Thiam Siew Avenue will be launched as The Continuum. (Source: EdgeProp)

Hoi Hup Realty and Sunway Developments jointly purchased the 2 land parcels that are situated at Thiam Siew Avenue.


The first land parcel sits on an area of 135,361 sqf. It consists of the odd-numbered bungalows and semi-detached houses.


The second land parcel sits on a land area of 128,436 sqf. It consists of the even-numbered semi-detached houses and bungalows.


This joint-venture development is named The Continuum. It is a freehold property and with a total land area of around 263,794 sqf and plot ratio of 2.8, developer can build 2 blocks with approximately 800 units.




Estimated Breakeven Price


estimated launch price
Breakeven price for The Continuum @ Thiam Siew Avenue. (Source: EdgeProp)

Hoi Hup Realty and Sunway Developments bought these 2 plots of land at $815m, or $1,488psf ppr.


The breakeven price of The Continuum, according to EdgeProp is $2,296psf ppr. This is derived after factoring the land cost, construction, financing, professional fees and marketing cost.



(2) Jalan Tembusu (District 15) - LAUNCHED!


This site at Jalan Tembusu, name Tembusu Grand, has been launched in April 2023.


Read our condo review on Tembusu Grand: District 15 East Coast Property Review - Tembusu Grand.


new developer launch 2023
Location of the GLS land parcel at Jalan Tembusu.

Another plot land situated at Jalan Tembusu was sold in January 2022 through the Government Land Sale (GLS) program.


This land was sold to City Development Limited (CDL), who put in the highest bid at $768m, or $1,302psf ppr for this 99-years leasehold site.


With a plot ratio of 2.8, CDL plan to build around 4 blocks of total 640 units. According to CDL, some of the high floor units will enjoy unblocked view of the CBD skyline, Singapore Sports Hub as well as the sea view.



Estimated Breakeven Price


estimated launch price
Breakeven price for the GLS site @ Jalan Tembusu. (Source: EdgeProp)

CDL bought this plot of land at $768m, or $1,302psf ppr.


EdgeProp estimated the breakeven price to be $2,059psf ppr. This is derived after factoring the cost of land, construction, financing, professional fees and marketing cost etc.



(3) Dunman Road (District 15) - LAUNCHED!


developer new launch project
Location of the GLS site along Dunman Road.

Situated near Dakota MRT at Dunman Road, this is the largest site that will be launched in 2023.


This 99-years leasehold land was sold to SingHaiYi Group under the Government Land Sale (GLS) program at a price of $1.28 billiion.


Sitting on a land area of 271,622 sqf and plot ratio of 3.5, this site at Dunman road can yield up to 1,040 units.




Estimated Breakeven Price


launch price of dunman road gls site
Estimated breakeven price for the GLS site @ Dunman Road. (Source: EdgeProp)

This GLS site was sold at $1.2 billion, which works out to be $1,351psf ppr.


According to EdgeProp, the estimated breakeven price of this plot of land is $2,120psf ppr. This price is derived after factoring in the cost of land, construction, land financing, professional fees and marketing cost.



(4) Former La Ville Site (Tanjong Rhu @ District 15)


district 15 16 new launch
La Ville, located on Tanjong Rhu Road has been sold en bloc to ZACD.

This former La Ville site located along Tanjong Rhu Road was sold to Hong Kong listed property group ZACD Group at $152million.


The plot of land is a freehold tenure and sits on a land area of 47,012 sqf. With a plot ratio of 2.1, it can yield 107 units based on the average size 85 sqm (915 sqf).




Estimated Breakeven Price


estimated launch price
Estimated breakeven price for the en bloc site La Ville @ Tanjong Rhu. (Source: EdgeProp)

This site was sold at $152m, or $1,540psf ppr.


EdgeProp estimated the breakeven price to be $2,362psf ppr. This is derived after factoring the land cost, construction, financing, professional fees and marketing cost etc.



(5) East Court (District 15)


District 15 new project
East Court was sold to Macly Group in June 2022.

East Court which is located along Koon Seng Road was sold to Macly Group for $19.875million.


This freehold apartment sits on a land area of 13,351 sqf. With a plot ratio of 1.4, this site can be redeveloped into a 5-storey building with 19 residential units.



Estimated Breakeven Price


east coast new launch breakeven price
Estimated breakeven price for East Court @ Koon Seng Road is $1,753psf ppr. (Source: EdgeProp)

This site was sold at $19.875 million, which works out to be $1,063 psf ppr.


According to EdgeProp, the estimated breakeven price for this plot of land is $1,753 psf ppr. This is derived after factoring in the cost of land, construction, land financing, professional fees and marketing cost.



(6) 173 - 183 (Odd Numbers) Haig Road (District 15)


district 15 new launch
The freehold site enjoys dual frontage as it sits at the junction of Haig Road and Seraya Lane. (Photo: Colliers)

This freehold site has a site area of 27,389 sqf. It is currently a four-storey building with 24 residential units.


Sitting at the junction of Haig Road and Seraya Lane, this regular-shaped site enjoys dual frontage.



Estimated Breakeven Price


district 15 haig road new launch
Estimated breakeven price for this site is $2,037psf ppr. (Source: EdgeProp)

Nanshan Group purchased this site at $49.3 million, which translates to a land rate of $1,286 psf ppr.


EdgeProp estimated the breakeven price to be $2,037psf ppr. This is derived after factoring the land cost, construction, land financing, professional fees and marketing cost.



(7) Sceneca Residence (Tanah Merah @ District 16) - LAUNCHED!


sceneca residence district 16


Sceneca Residence is a mixed-development located just right opposite Tanah Merah MRT.


Sitting on a 99-years lease with site area 95,587 sqf, this plot of land has a plot ratio of 2.8 and can yield about 265 residential units. As this is a mixed-use development, there will be commercial space (known as Sceneca Square) of about 21,528 sqf on the first floor.


The maximum permissible gross floor area (GFA) for Sceneca Residence / Sceneca Square is 267,644 sqf.




Estimated Breakeven Price


Estimated Breakeven Price for district 16 sceneca residence

MCC Land is the highest bidder for this GLS site at $248.99m, which translates to $930.34psf per plot ratio (ppr).


EdgeProp estimated the breakeven cost for Sceneca Square/ Sceneca Residence to be $1,583psf ppr.



(8) Jalan Tembusu Site @ District 15 (2H2022 GLS Reserve List)


new launch in district 15
A new site in Jalan Tembusu was placed under the reserve list for the 2H2022 GLS programme.

A new site in Jalan Tembusu will be on offer under the reserve list in the second half 2022 Government Land Sale (GLS) program.


This 99-years leasehold site can yield approximately 825-units. It is near to the other GLS site, Tembusu Grand, which was launched in April 2023.




Conclusion


With these upcoming developer launches in District 15 and 16, there are options available whether you are a homeowner or an investor.


However, we can see from the breakeven price that the upcoming new launches will definitely be priced higher as the cost of land is higher. Global inflation means the cost of labor, raw materials etc is also higher.


There are limited units in the existing launches that might still appeal to you. You may refer to this link to read more:



If you would like to receive the most updated information and be on the VIP invitation list for these launches, please click below to drop me a message.



Interested in purchasing a unit in District 15 or 16? Let me partner you and share my views on your property investment journey!


Look forward to seeing you soon!



 

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About The Author

vivian chong, realteam, real estate team leader

Vivian is an experienced real estate agent who has been in the industry since 2002.


Over the years, she has transacted numerous property deals including HDB and private properties. She is well-versed in policies and regulations involving the sale and purchase of residential properties. She has also handled many transactions involving complicated situations like contra, divorce, administration/probate cases, and decoupling / part-share purchases.


Vivian is active in District 15 and 16, and it is easy to find her in the East Coast area stretching from Tanjong Rhu to Bayshore.


Need her views on property related matters? Connect with her and have a non-obligated chat!

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