Mr Eugene Lim, ERA’s key executive officer, said that the suite of offerings in October was an “attractive spread of projects that will likely draw strong and diverse demand”.
He added that the Mount Pleasant project is “well-poised” to benefit from the area’s strong resale market performance and high accessibility.
The first Greater Southern Waterfront BTO project should “garner considerable attention”.
“With MRT access at its doorstep and amenities from the existing HDB estate just across the road, it offers immediate convenience,” Mr Lim added.
“Higher-floor units may even enjoy sea views, making it one of the more desirable launches this round.”
Chief researcher and strategist of Realion group Christine Sun said that the BTO project in the Greater Southern Waterfront “may be the most sought-after due to a shortage of affordable housing in the area”.
Previously, those intending to stay in the area would have to purchase resale condominiums.
“The new BTO flats are in proximity to the city centre and are within walking distance to both Labrador Park and Telok Blangah MRT stations. There are several parks nearby, such as Labrador Nature Park and Mount Faber Park. Vivocity and Harbourfront are a short drive away,” Ms Sun noted.
The Mount Pleasant BTO project is similarly likely to be popular due to its proximity to the new MRT station, she said.
“The project is also close to many reputable schools – including Raffles Girls’ School, Raffles Institution, CHIJ Primary and Secondary schools and SJI International Schools – which may attract strong interest from families.”
Besides Mount Pleasant and the Greater Southern Waterfront projects, Mr Lim and Ms Sun both expect the project in Bishan to be popular.
It sits on the former site of Guangyang Primary School is expected to attract buyers looking to capitalise on the area’s planned transformation into a new job node, Mr Lim said.
“The site is also a short walk from Bishan MRT station, which serves both the North-South and Circle Lines. Additionally, it is conveniently located near Junction 8, as well as a wide array of eateries and supermarkets,” he added.
