Up to 7,571 new private home units up for grabs in H2

Huttons Asia's Sze Teck Lee expects up to 6,500 new homes to be sold during the period.

Up to 16 private home project launches are expected in the last six months of 2024, for a total offering of 7,571 new units, according to estimates by Huttons Asia.

Of this, developers may sell up to 6,500 new homes whilst prices are expected to be stable, increasing up to 4% in 2024, says Lee Sze Teck, senior director for data analytics at Huttons.

Notably, the projects Kassia and SORA are expected to launch in July.

Kassia, touted as “probably the last freehold project in the Flora Drive private residential enclave,” will offer a total of 276 units. It features proximity to the Jewel Changi Airport and the Tampines Mall, Tampines One, Komo Shoppes and Loyang Point, according to Huttons.

Jurong Lake Gardens will also debut in July, with Sora as the largest new launch in Jurong Lake District.

A total of 440 units will debut with Sora, with prices starting at $1,850 per square foot (psf) for a starting price of just under $1m for a 538 sqft, one bedroom plus study unit, according to Lee.