Pasir Ris reports the largest home supply in Q411

Guess which areas in Singapore took the second and third spot?

Here’s from Savills:

In Q4/2011, the largest home supply came from Pasir Ris (7,294 units) and Bedok (6,949 units), followed by Hougang (5,122 units).

 Including current stock, Bedok remains the top planning area with the highest number of private homes in Singapore (39,647 units), followed by Bukit Timah(28,889 units), Serangoon (18,915 units), Hougang (17,662 units) and Novena (17,703 units).

In Pasir Ris, new launches include The Palette (892 units), NV residences (642) units), Hedges Park Condominium (501 units), Seastrand (473 units), The Gale (329 units) and The Belysa (315 units). There are 4,079 units yet to be launched including Palm Isle (429 units) and Ripple Bay (714 units).

Pasir Ris planning area should continue to draw keen interest as it is close to mature towns such as Bedok and Tampines, as well as Changi beach, the airport and Downtown East eateries.

In Bedok, as many as 50 new developments are being / have been launched. Some of these major developments include Waterfront- Gold, Isle, Waves, Key (1,764units), euHabitat (748 units), Bedok Residences (583 units), Archipelago (577 units) and Vacanza @ East (473units).

There are also many smaller developments comprising small-format units located in the Telok Kurau area.
The construction of more MRT lines, new shopping centres and ample amenities in Marine Parade/ Bedok as well as sea and reservoir views should continue to attract housing demand in the Bedok planning area. This is despite a rising number of private homes being completed there.

In Hougang, the largest private home launch is The Minton (1,145 units), followed by Boathouse Residences (493 units), Parc Vera (452 units) andTerrasse (414 units).

Three major developments comprising 360 units on Tampines Road, 200 units on Upper Serangoon Road and 928 units of Riversails are expected to be launched this year.