Over 5,000 new private residential units set to be launched in H1 2023

AT least 10 private residential projects offering over 5,000 housing units are slated to be launched in the first six months of 2023, with some five developments expected to come to market in the first quarter.

Five projects said to be lined up for a Q1 launch will yield around 1,800 units – about 40 per cent of the number of units launched in the eleven months between January and November 2022, when Urban Redevelopment Authority (URA) data showed that developers launched 4,592 new units, excluding executive condos.

First to market will be Sceneca Residence, while The Botany at Dairy Farm, Terra Hill, Blossoms by the Park and Lentor Hills Residences are also expected to be launched within the first three months of the year.