New Launch Condo in West Region
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Bloomsbury Residence
D5
Units
355
Tenure
99 Years
TOP
2029
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ELTA
D5
Units
501
Tenure
99 Years
TOP
2028
-
Novo Place EC
D24
Units
504
Tenure
99 Years
TOP
2028
-
Nava Grove
D21
Units
552
Tenure
99 Years
TOP
2028
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The Hill @ One-North
D5
Units
142
Tenure
99 Years
TOP
2027
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The Hillshore
D5
Units
59
Tenure
Freehold
TOP
Dec 2027
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8@BT | Bukit Timah Link Condo
D21
Units
158
Tenure
99 Years
TOP
2028
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Sora Condo
D22
Units
440
Tenure
99 Years
TOP
2028
-
Watten House
D11
Units
180
Tenure
Freehold
TOP
Jun 2027
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The Reserve Residences
D21
Units
732
Tenure
99 Years
TOP
Q1 2028
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Dairy Farm Residences
D23
Units
460
Tenure
99 Years
TOP
Feb 2024
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Van Holland
D10
Units
69
Tenure
Freehold
TOP
Mar 2023
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Normanton Park
D5
Units
1,862
Tenure
99 Years
TOP
Dec 2023
-
One Holland Village Residences
D10
Units
296
Tenure
99 Years
TOP
Q4 2024
-
Parc Clematis
D5
Units
1,468
Tenure
99 Years
TOP
Sep 2023
-
Stirling Residences
D3
Units
1,259
Tenure
99 Years
TOP
Apr 2022
Owning a Condo in the West of Singapore
The West Region of Singapore is a popular location for new launch condos due to its strategic location and proximity to various amenities. The region consists of planning areas such as Bukit Batok, Bukit Panjang, Choa Chu Kang, Clementi, Jurong East, Jurong West, Tengah, Boon Lay, Pioneer, and Tuas.
The West Region of Singapore is the largest industrial development in the country since independence. It is home to various industries, including manufacturing, logistics, and engineering. The region is also known for its green spaces, including parks and nature reserves.
New launch condos in the West Region of Singapore offer residents easy access to various amenities, including shopping malls, schools, hospitals, and public transportation. The region is well-connected to other parts of the island, making it an ideal location for those who work in the CBD or other parts of Singapore.
Capital Appreciation
One of the main advantages of owning a new condo in the West is the potential for capital appreciation. The West region has seen significant development in recent years, with new infrastructure projects and amenities being built. This has led to an increase in demand for properties in the area, which in turn has driven up property prices.
Excellent Connectivity
Another benefit of owning a new condo in the West is the strong rental demand in the area. The West is home to many business parks, educational institutions, and healthcare facilities, which attract a steady stream of tenants. Additionally, the proximity to the Jurong Lake District, which is set to become Singapore’s second Central Business District, is expected to further boost rental demand in the area.
Limited Availability
Finally, owning a new condo in the West offers the advantage of limited availability. The West region is known for its low-density development, which means that there are fewer new launch condos available compared to other regions in Singapore. This exclusivity can drive up demand and prices for properties in the area.
Amenities in West
The West region of Singapore is a bustling area with plenty of amenities for residents to enjoy. From shopping malls to outdoor parks, there is something for everyone in this part of the city.
Schools
The West is home to some of the most prestigious schools in Singapore, including NUS High School, Anglo-Chinese School (Independent), and the National University of Singapore. Additionally, there are several international schools in the area, such as the Canadian International School and the United World College of South East Asia.
Shopping Malls
The West has no shortage of shopping options, with several large malls in the area. These include Westgate, JEM, and IMM, which offer a wide range of stores, restaurants, and entertainment options. For those looking for more unique shopping experiences, there are also several smaller malls and markets in the area, such as the Clementi Mall and the PasarBella Farmers’ Market.
Outdoor Parks
The West is home to several beautiful parks and nature reserves, including the Bukit Timah Nature Reserve and the West Coast Park. These parks offer a variety of outdoor activities, such as hiking, cycling, and picnicking. Additionally, there are several sports facilities in the area, such as the Jurong East Sports Centre and the Clementi Sports Hall.
Price Trend for West Region Condos
General Trends in the West Region
New Launch PSF Starting Points
New condos in the West Region are expected to start at $1,000 to $1,200 PSF. This gives a baseline for what to expect with new developments in this area.
Resale Market Comparison
As of the third quarter of 2023, islandwide average prices were:
- Resale condos: $1,606 per PSF
- New condos: $2,467 per PSF
This significant price gap between new and resale condos reflects broader trends that are likely present in the West Region as well.
Specific Data Points and Observations
2023 Trends
The price gap between new and resale condos is narrowing, with average prices being $1,606 per PSF for resale and $2,467 per PSF for new condos as of 3Q2023. This suggests that while new launches still command a premium, the resale market is also getting stronger.
Price Increases Across Regions
Prices for new condos have increased unevenly across Singapore. In the West Region (Outside Central Region or OCR), prices have jumped nearly 69% over a decade—from S$1,068.90 to S$1,805.79 PSF. This highlights the rising costs of new condos in the West Region.
Comparative Analysis
While not providing year-by-year data, the information points to a general upward trend in PSF prices for new launches in the West Region, consistent with broader market trends across Singapore.
Conclusion
Although specific year-by-year average PSF prices for new condo launches in the West Region are not detailed, the available data indicates a general upward trend influenced by factors like land costs, construction costs, and market demand. The expected starting PSF for new launches and the narrowing price gap between new and resale condos offer valuable context for understanding the evolving real estate landscape in this part of Singapore.