Projects to look out for in 2H2017

By
/ The Edge Property
|
June 24, 2017 8:30 AM SGT
Developers could launch eight new projects, including one executive condominium (EC), in the second half of this year. About 2,200 private non-landed homes and 531 EC units will be available for sale.
Hundred Palms Residences EC by Hoi Hup Realty, Le Quest by Qingjian Realty and Martin Modern by GuocoLand are said to be gearing up for a July launch.
District 9
Three of the potential new launches are located in prime District 9, in the vicinity of the upcoming Great World MRT station — one stop from the Orchard MRT station — which will be an interchange for the Thomson-East Coast Line and North-South Line.
The 450-unit Martin Modern is located at the intersection of Martin Place and River Valley Close. In June 2016, GuocoLand set the market abuzz when it submitted the top bid of $595.1 million for the 171,535 sq ft site. The government land sale (GLS) site attracted a total of 13 bids, with GuocoLand’s bid edging out the second-highest by just 1.2%. There has been no new launch in the Martin Road-Martin Place area since Starlight Suites in 2010.
Artist’s impression of the arrival court at Martin Modern, one of the three potential new launches in prime District 9 in 2H2017
Source: GuocoLand
Also in the area, a 250-unit project on St Thomas Walk could be launched by Bukit Sembawang later this year. Bukit Sembawang bought the 63,260 sq ft site through the $202 million collective sale of the former Airview Towers in 2007.
The 124-unit New Futura by City Developments is also located in the vicinity. The tower on Leonie Hill Road is a redevelopment of the former Futura project. City Developments paid $287 million for the 87,034 sq ft site in 2006.
City-fringe and suburbs
Developer TEE Land has a 24-unit project...