Singapore is poised for a busy year in 2023 with a number of new property launches, including the highly anticipated Sceneca Residence. Conveniently located at 26 and 28 Tanah Merah Kechil Link in District 16, the development is part of a mixed-use project that includes a mall and is directly linked to the Tanah Merah MRT station.
The Sceneca Residence offers a total of 268 units, each with a tenure of 99 years. The indicative price range starts from S$958,000 and goes up to more than S$2.9 million, with an indicative price per square foot of S$1,952. The project will be open for preview on January 1, 2023, with the official booking day set for January 14, 2023. The target date for Temporary Occupation Permit (TOP) is expected to be in Q2 2026.
The development is a collaboration between MCC Land, Ekovest Development, and The Place Holdings. The Sceneca Residence is expected to meet the strong demand for property in Singapore, where the government is taking steps to regulate the market and control prices. The new launches in 2023 are expected to be more affordable, making it easier for people to own a home.
Ultimately, the real estate market in Singapore is expected to be stable in 2023, with a good mix of new launches and demand from buyers. The Sceneca Residence, with its prime location, convenient amenities, and attractive pricing, is poised to be a popular choice for homebuyers in the city-state.
Please do your own reasearch before making any purchase as we do not provide any professional financial advice.