News > New Launches in November 2024: Current Price and Sales Status

New Launches in November 2024: Current Price and Sales Status

11 December 2024

November 2024 has been a dynamic month for Singapore property market with 6 highly anticipated new launches – which is unprecedented. Developers have introduced a diverse portfolio of residential projects across all regions in Singapore, bringing a total of 3,551 new units into the market. At the end of November, 59% of these units had been sold.

Here's a closer look at the performance of the projects launched in November 2024:

1. The Collective at One Sophia

Launch Date : 5 November 2024
Developer : SOPHIA RESIDENTIAL PTE. LTD.
District : D09 (CCR)
Tenure : Leasehold
Total Units : 367 (Studios, 1- to 3-bedroom)
Average PSF: $2,745

Situated in the heart of District 9, The Collective at One Sophia offers urban luxury with unmatched connectivity. With 60% of its studio units sold, the project proved its popularity among single professionals who value convenience and central living. The Collective at One Sophia offers superior connectivity to various amenities such as MRT stations (Rochor, Bencoolen, Dhoby Ghaut), malls (Bugis+, Parklane Mall, Plaza Singapura) as well as a wide range of schools (SMU, School of the Art, Lasalle College of the Arts).

Image: Unit Mix and Sales Status of The Collective at One Sophia Condo. Source: RealInsight

2. Union Square Residences

Launch Date : 8 November 2024
Developer : CDL LIBRA PTE. LTD.
District : D01 (CCR)
Tenure : Leasehold
Units Available : 366 (1- to 4-bedroom)
Average PSF: $3,165

Located in the iconic District 1, Union Square Residences has achieved a 30% sales rate so far. Its proximity to Singapore’s financial hub and vibrant city life makes it an attractive choice for young professionals and investors. The pricing, however, may be a factor slowing its momentum compared to other developments.

Image: Unit Mix and Sales Status of Union Square Residences Condo. Source: RealInsight

3. Chuan Park

Launch Date : 10 November 2024
Developer : CHUAN PARK DEVELOPMENT PTE. LTD.
District : D19 (OCR)
Tenure : Leasehold
Units Available : 916 (2- to 5-bedroom)
Average PSF: $2,586

With an impressive 79% of units sold, Chuan Park has emerged as one of the most successful launches this month. Its diverse unit types, spacious layouts and close proximity to a wide range of schools such as Nanyang Junior College, Zhonghua Primary and Secondary School, etc. have made it an attractive choice among families. Especially, its direct connectivity to Lorong Chuan MRT also highlights the accessibility of the project, appealing to those who seek convenience.

Image: Unit Mix and Sales Status of Chuan Park Condo. Source: RealInsight

4. Nava Grove

Launch Date : 15 November 2024
Developer : GOLDEN RAY EDGE 3 PTE. LTD.
District : D21 (RCR)
Tenure : Leasehold
Units Available : 552 (2- to 5-bedroom)
Average PSF: $2,452

Nestled in the serene Bukit Timah area, Nava Grove has achieved a 70% sales rate since its launch. Its tranquil location and proximity to prestigious schools such as Pei Tong Primary School, Nan Hua High School, Singapore Polytechnic, Ngee Ann Polytechnic, etc. have made it a favourite among families.

Image: Unit Mix and Sales Status of Nava Grove Condo. Source: RealInsight

5. Emerald of Katong

Launch Date : 15 November 2024
Developer : SIM LIAN JV (KATONG) PTE. LTD.
District : D15 (RCR)
Tenure : Leasehold
Units Available : 846 (1- to 5-bedroom)
Average PSF: $2,636

Emerald of Katong stands out as the top performer this month, with 99% of its units sold shortly after its launch. This can be attributed to its strategic location in the vibrant Katong area, close proximity to various amenities such as MRT stations (Katong and Marine Parade), reputable schools such as Tao Nan School, combined with lifestyle offerings and seamless connectivity to CBD area.

Image: Unit Mix and Sales Status of Emerald of Katong Condo. Source: RealInsight

6. Novo Place

Launch Date : 16 November 2024
Developer : HOI HUP SUNWAY JURONG PTE. LTD.
District : D24 (West Region)
Tenure : Leasehold
Units Available : 504 (3- and 4-bedroom)
Average PSF: $1,654

Novo Place has achieved a solid 60% sales rate, showcasing steady demand in the western region. With its emphasis on modern living and accessibility to multiple schools such as Jurong Primary School, Bukit Batok Secondary School, etc., the project appeals to young families looking for value-for-money options outside the city center.

Image: Unit Mix and Sales Status of Novo Place Condo. Source: RealInsight

*Data is accurate as of the published date of this article.

*Disclaimer: Our real-time database is updated every time a transaction is submitted by an agency. While we strive to maintain the accuracy and completeness of the data, please note that transactions may not always be completed, and information provided may be subject to change or error.

All analytical and visually interpreted data in this report is powered by RealInsight, a powerful tool for property developers, investors and institutions. It offers a complete solution for development planning or portfolio building by providing access to real-time data regarding properties, developers, land sales and data analytics tool for market research and reports. Find out more about RealInsight here.

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Continue to read our other data insights articles:

How Emerald of Katong Boosted Sales for New Launches in District 15

Profitable Condos in Singapore: What do they have in common?

Unprofitable Condos in Singapore: What do they have in common?

Leasehold vs Freehold Condo: Which One is Better in Terms of Profit?