New condos launching in first quarter of 2023 to upgrade or rightsize to

Of course, whether or not you can afford a new condo will depend on your monthly household income and how much CPF savings and cash you have on hand.

Based on the new launch prices of Sky Eden@Bedok stated above, you’ll need a monthly income of over $17,000 to afford at least a 2-bedroom unit .If you like living near nature, The Botany at Dairy Farm is a suitable option as it’s located near Dairy Farm Nature Park and Bukit Timah Nature Reserve. Its developer, Sim Lian Group, had won the GLS tender for the Dairy Farm Walk site for S$347 million .

The new launch condo will have 386 units comprising 1 to 5-bedroom apartments. What’s great is that most units will potentially be able to enjoy unblocked views of the surrounding private landed estate and the nature reserves.Primary schools within 1km: CHIJ Our Lady Queen of Peace, Bukit Panjang PrimaryIn 2022, the average price of new launches in District 23 was around $1,672 psf. Dairy Farm Residences and Midwood are the nearest new launch projects to The Botany at Dairy Farm.

As both projects launched in 2019, it’s no surprise that The Botany at Dairy Farm’s average prices will be higher. From 2019 to 2022, average prices of new launch condos across Singapore increased by 27.69 per cent. Recent new launches in the OCR, like Lentor Modern and AMO Residence, have surpassed $2,000 psf. However, The Botany at Dairy Farm had a lower land price of $980 psf ppr than Lentor Modern’s $1,204 psf ppr and AMO Residence’s $1,118 psf ppr. Hence, there is be a possibility that The Botany at Dairy Farm’s average prices would be lower.If you’re currently living in District 23 and planning to rightsize your home, we’ve compiled the district’s average prices of resale condo units in the past year.

Source: Real Estate Daily Report (realestatedailyreport.net)

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