What is the general starting cost of a new launch condo?

The cost of a new launch condo in Singapore can vary widely depending on several factors, including the location, developer, and type of property.

Median Prices

Here are some median prices per square foot (psf) for recent new launch condos:

- PINETREE HILL: Around $2,612 psf.
- NAVA GROVE: Approximately $2,574 psf.
- HILLOCK GREEN: About $2,094 psf.
- NOVO PLACE (Executive Condominium): Around $1,666 psf.

Average Prices by District

• In District 21 (Upper Bukit Timah, Clementi Park, Ulu Pandan), the average price is around $2,457 psf.
• In District 9 (Orchard, Cairnhill, River Valley), the average price is about $2,743 psf.
• In District 15 (Katong, Joo Chiat, Amber Road), the average price is approximately $2,638 psf.

Specific Projects

For example, the recently launched ELTA in Clementi, which offers units from one-bedroom + study to five-bedroom units, has prices that would translate to an average psf price in the range of $2,400 to $3,000 psf, considering the overall market trends.

General Price Range

Generally, for a 3-bedroom unit in a new launch condo, you can expect the following price ranges:

• In the Outside Central Region (OCR), prices could start from around $1.2 million to $1.8 million.
• In the Rest of Central Region (RCR), prices might range from $1.5 million to $2.5 million.
• In the Core Central Region (CCR), prices can be significantly higher, ranging from $2.5 million to $4 million or more.

These prices are indicative and can vary based on the specific project, location, and amenities offered. For the most accurate and up-to-date information, it is best to check the latest listings and transaction data on EdgeProp Singapore.