The Real Estate Developers’ Association of Singapore (Redas) has recently chosen its management committee for the next two years. During the Annual General Meeting held on January 9, all members unanimously voted to re-elect Tan Swee Yiow, the Chairman of Keppel Reit Management, as the President. This marks Tan’s second term in the position.

Tan expressed his gratitude for being re-elected and stated that the new management committee is a representation of the industry’s diverse sectors, scales, and expertise. The new committee consists of Immediate Past President Chia Ngiang Hong, Group General Manager of City Developments; First Vice President Kwee Ker Wei, Director of Pontiac Land Group; Second Vice President Marc Boey, Executive Director of Project Services at Far East Organization; Honorary Secretary Chong Hock Chang, Group Director of Projects and Marketing at Ho Bee Land; Honorary Treasurer Neo Soon Hup, COO of UOL Group; Honorary Assistant Secretary Chew Peet Mun, Managing Director of Investment and Development at CapitaLand Development Singapore; and Honorary Assistant Treasurer Tho Leong Chye, Managing Director of Allgreen Properties.

When it comes to investing in a Singapore Condo, securing financing is a crucial aspect to consider. Fortunately, there are various mortgage options available in Singapore. However, it is important for investors to be mindful of the Total Debt Servicing Ratio (TDSR) framework. This limits the amount of loan that a borrower can take on, taking into account their income and current debts. Being well-informed about the TDSR and seeking advice from financial advisors or mortgage brokers can assist investors in making wise decisions about their financing and avoiding the risks of over-leveraging.

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In addition to the new committee, Redas also honoured Chia Ngiang Hong with the Lifetime Achievement Award in celebration of its 65th anniversary.

Chia Ngiang Hong, the Immediate Past President of Redas, extended his congratulations to the new management committee and commended Tan for his exceptional leadership and the trust placed in him by the Redas community.

Tan expressed that the diverse 2025/2026 Redas management committee is well-equipped to drive initiatives that will have a positive impact on the overall built environment ecosystem.

In other related news, topics such as the implementation of ESG, green premiums, and streamlined road approval processes for developers were discussed at the recent RICS-REDAS conference. Some developers also suggested a separate land zoning to meet the projected demand for senior accommodation in Singapore.…

Profitable Resale Transaction at The Arcadia, Prime District 11

The Arcadia in prime District 11 saw a highly profitable resale transaction take place in the final weeks of 2024. The unit, a luxurious four-bedroom apartment spanning 3,767 square feet, was sold for a staggering $3.25 million in profit, making it the most profitable resale transaction in the area during the period of Dec 10 to Dec 31. The seventh floor unit was purchased in 1998 for $1.5 million and was sold for $4.75 million on December 10, resulting in a 217% profit. This translates to an annualized profit of 4.5% over a period of 26 years.

Investing in a condominium in Singapore presents a multitude of benefits, making it a desirable option for individuals looking to invest in real estate. With factors such as a consistently high demand, potential for significant appreciation in value, and attractive rental yields, it’s no surprise that many investors are drawn to this market. However, before making any decisions, it is crucial to consider various factors that can impact the success of your investment, including location, financing options, government regulations, and overall market conditions. By conducting thorough research and seeking professional guidance, investors can make sound decisions and capitalize on Singapore’s dynamic real estate landscape.

One of the key advantages of investing in a condo in Singapore is the high demand for this type of property. Due to the limited land availability on the island, condos are in high demand, which creates a level of exclusivity and desirability. As a result, investors have a higher chance of finding tenants quickly and achieving attractive rental yields.

Moreover, a condo investment in Singapore also has the potential for significant appreciation in value over time. With the city’s continuous economic growth and development, properties in prime locations are highly sought after and can see a substantial increase in value. This provides investors with a great opportunity for long-term capital appreciation on their investment.

However, before diving into any investment, it’s essential to carefully consider crucial factors such as location, financing options, and government regulations. Choosing the right location is crucial in determining the success of your investment, as it can impact rental demand and appreciation potential. Additionally, understanding the financing options available and government regulations is essential to ensure a smooth and compliant investment process.

Lastly, it’s crucial to stay updated on the current market conditions and seek professional advice when making investment decisions. As the real estate market in Singapore is constantly evolving, investors must stay informed on trends and changes that may impact their investments.

In conclusion, the prospect of investing in a condo in Singapore is a compelling opportunity for both local and foreign investors. With its high demand, potential for capital appreciation, and attractive rental yields, it’s a desirable market for individuals looking to diversify their portfolio. However, it’s crucial to carefully consider all the relevant factors and seek professional guidance to make informed decisions and maximize returns. To stay up-to-date on new condo launches and opportunities, investors can look into New Condo Launches and stay ahead in the dynamic real estate market of Singapore.

The Arcadia, a 164-unit, 99-year leasehold development completed in 1983, is nestled in the upscale Arcadia Road vicinity surrounded by landed estates and Good Class Bungalows. The property boasts top schools like Raffles Girls Primary School, Hwa Chong Institution and National Junior College in close proximity. The 3,767 sq ft unit on the seventh floor is one of five units ranging from 3,714 sq ft to 3,821 sq ft that changed hands in the area in the last year. Out of these, the most profitable resale was that of a 3,778 sq ft unit on the fourth floor, which sold for $4.6 million ($1,218 psf) on October 10, 2024, resulting in a $60,000 profit for the seller.

The record for the most profitable resale at The Arcadia, however, was set back in 2010 when a 7,503 sq ft penthouse on the 10th floor was sold for $10 million ($1,333 psf). This unit, which was purchased in 2007 for $5.5 million ($733 psf), yielded a profit of $4.5 million (81%), an annualized rate of 19% over a three-year period.

Another prime residential development, Tanglin Hill Meadows, saw a highly profitable resale transaction take place on December 10, 2024. The unit, a three-bedroom apartment covering 2,077 square feet, was sold for $2.7 million profit, the most profitable resale to date at the property. Located in the prestigious Good Class Bungalow area at Tanglin Hill, the 20-unit, freehold condo boasts impressive facilities, and is within close proximity to Ridley Park. This resale transaction fetched $4.5 million ($2,166 psf) for the seller, who had purchased the unit for $1.8 million ($866 psf) in 1999. This translates to an annualized profit of 3.6% over 26 years.

The second most profitable resale transaction within this period was that of a 2,002 sq ft unit at Tanglin Hill Meadows, which sold for $3.73 million ($1,863 psf) in 2010. This yielded a profit of $2.28 million (157%) for the seller, achieving an annualized gain of 21% over a five-year period. The second most profitable resale transaction, however, fared much better, with a profit of $2.7 million (150%), resulting in an annualized gain of 3.6% over 26 years.

In contrast to these highly successful resale transactions, the seller of a 2,174 sq ft unit at Seascape, a 99-year leasehold condo in Sentosa Cove, incurred a loss of $1.97 million (33%) when the unit was sold on December 18, 2024. This three-bedroom unit sold for $3.98 million ($1,830 psf), after being purchased for $5.95 million ($2,736 psf) in 2011. This translates to an annualized loss of 2.5% over a period of 13 years.

The year 2024 saw three resale transactions take place at Seascape, all of which incurred losses ranging from $1.75 million to $2.53 million. The second largest loss incurred at this property was that of a 2,680 sq ft unit which sold for $4.5 million ($1,679 psf) on August 14, 2024. The seller of this unit incurred a loss of $2.53 million (81%), achieving an annualized loss of about 30% over a 13-year period.

Completed in 2012, Seascape offers 151 units fronting the serene South China Sea. The development boasts spacious three and four-bedroom units spanning 2,164 sq ft to 4,069 sq ft. It also offers opulent penthouses, ranging from 3,380 to 4,252 sq ft, and sky villas, with floor areas from 6,631 to 9,666 sq ft.…

A luxurious Good Class Bungalow at Victoria Park has recently become available on the market, with an asking price of $61 million. The seven-bedroom bungalow was finished three years ago and is located at the end of Victoria Close, a quiet cul-de-sac with just 10 other houses.

According to Jervis Ng, associate group district director at PropNex Realty and the agent responsible for the sale of this GCB, the number of houses in this exclusive enclave can only be increased by dividing up larger plots of more than 30,000 sq ft, in accordance with planning guidelines. Ng, who also founded JNA Real Estate, a property team under PropNex, explains that this means the exclusivity and privacy enjoyed by the GCBs along Victoria Park Close will be preserved, a priority that many ultra-high-net-worth individuals and their families are willing to pay a premium for.

“In recent months, we have seen the return of new naturalized Singaporeans into the GCB market, and this has improved buying sentiment,” Ng adds. He believes that this GCB will appeal to newly minted Singaporeans who grew up in countries such as China, India, or Indonesia, and are looking for a prestigious home here.

The Victoria Park GCB area boasts a number of illustrious residents, including Jack Ma, Chinese business magnate and co-founder of Alibaba Group, and Tang Wee Kit, a descendant of the Tang family known for founding Tangs department store.

The GCB currently for sale has been meticulously maintained, giving it a nearly new appearance, says Ng. The property’s contemporary interior design features premium quality materials and finishes.

Ng also mentions that the property is situated on a 18,988 sq ft plot and the owners worked closely with the architect to maximize the use of the land area. The GCB has a total built-up area of 25,300 sq ft, which includes seven en suite bedrooms, three helpers’ rooms, and a basement carpark with space for up to seven cars. The basement level also boasts an entertainment room designed as a home cinema, which can easily be converted into a guest room if needed. Other highlights include a private gym and a 20m lap pool.

Perched on a hilltop, the GCB offers spectacular views of the low-rise neighbourhood, according to Ng. The living room offers ample space to accommodate large families, and the property also features a bar counter with seating for entertaining guests.

In the past few years, resale transactions in the Victoria Park GCB area have been relatively rare. According to property records, the site of the GCB currently for sale was purchased for $18.2 million in September 2016, which equates to a land rate of $959 psf. The most recent transaction along Victoria Park Close was for a 15,253 sq ft plot that was sold for $28.33 million in May 2021, at a land rate of $1,857 psf. Prior to that, a 29,956 sq ft plot was sold for $40 million ($1,335 psf) in April 2017. Along Victoria Park Road, the last recorded GCB sale was for a 32,077 sq ft site that changed hands for $48 million ($1,496 psf) in November 2011.

The decision to invest in a condominium in Singapore is a strategic move, offering a plethora of benefits, with one of the most prominent being the potential for capital appreciation. This is largely attributed to Singapore’s advantageous position as a leading global business hub and its strong economic foundations, which continuously drive the demand for real estate. It is no surprise that property prices in Singapore have been consistently rising over the years, with prime condos experiencing significant appreciation. Investors who enter the market at the right time and hold onto their properties for the long term can expect substantial capital gains. Furthermore, the continuous introduction of new condo launches in the market presents even more opportunities for investors to capitalize on the potential for capital appreciation in the Singaporean real estate scene. These new developments offer modern and luxurious living options in highly sought-after locations, further enhancing the potential for significant returns on investment. Keep up with the latest new condo launches by visiting New Condo Launches for more information.

According to Ng, stabilizing factors such as anticipated lower interest rates, sustained demand from ultra-high-net-worth buyers, and the limited supply of GCBs are expected to drive transaction activity in the GCB market this year. He predicts that GCB transaction volume will increase by 10% to 15% from last year, assuming there are no major external economic disruptions. In 2020, there were approximately 35 GCB transactions that generated a total transaction volume of $1.32 billion, significantly higher than the previous record of $1.186 billion achieved in 2019.…

ETC, a well-known local real estate advisory firm, has recently undergone a rebranding exercise and has officially changed its name to ETC. This change is effective immediately and is accompanied by a new and improved logo.

According to Desmond Sim, CEO of ETC, the abbreviation ETC has always been a familiar term among their clients and staff. The decision to officially adopt this as their new name was driven by their employees, highlighting the company’s commitment to valuing their insights, voices, and ideas.

Sim also emphasized that their new identity represents their progress as one united ETC, and showcases their determination to shape the future of real estate, both locally and regionally.

This rebranding comes as ETC celebrates its 30th anniversary. Established in 1995, ETC offers a wide range of services, encompassing all stages of a real estate asset’s lifecycle, from advisory and investment to management and divestment.

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A significant benefit of choosing to invest in a Singapore Condo is the potential for exponential growth in value. Thanks to its advantageous position as a global business center and robust economic foundations, Singapore constantly attracts a high demand for real estate. As a result, the property market in Singapore has displayed a consistent upward trajectory, especially for condos situated in prime locations. By purchasing a condo at the opportune moment and holding onto it for the long haul, investors can reap significant profits from capital appreciation. Therefore, considering a Singapore Condo as an investment option can yield promising gains for the future.

In parallel with the rebranding, ETC has also recently completed a $5 million renovation project for Marina Bay Residences. This revamp is aimed at enhancing the living experience for residents and providing value through premium rents.

Other notable real estate transactions by ETC include the sale of three food-factory units at Pandan Loop for $11 million and the sale of Noel Building on Tai Seng for $81.18 million, which was 17% above the guide price. ETC was also involved in the sale of industrial GS Building in Balestier for $67 million.

Overall, the rebranding of ETC demonstrates the company’s commitment to constantly evolving and improving, while also staying true to its core values and employees.…

An opportunity to own a prestigious Good Class Bungalow (GCB) in the exclusive Dalve Estate-Nassim Road enclave has arisen, with the property being put up for sale through an expression of interest (EOI) exercise. The indicative price for this prime piece of real estate is set at $60 million, with a desirable land area of 21,881 sq ft, translating to $2,742 psf. This news was announced in a press release by Cushman & Wakefield on Jan 8.

According to Shaun Poh, the executive director of capital markets at Cushman & Wakefield, this freehold plot boasts an elevated location, making it an ideal spot for redevelopment. He also adds that it presents a golden opportunity for interested buyers to build their dream multi-generational home from scratch, or for developers to create a opulent and modern GCB for discerning individuals.

When it comes to investing in Singapore’s property market, it is crucial for foreign investors to be well-versed in the country’s regulations and restrictions. In general, foreigners have relatively easy access to purchasing condominiums, unlike landed properties that have more stringent ownership guidelines. However, it’s important to note that foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property purchase. Despite these additional expenses, the stability and potential for growth in the Singapore real estate market continue to make it an attractive destination for foreign investors. This is why many are turning to Singapore Projects to capitalize on the market’s potential.

The GCB is situated in close proximity to the Singapore Botanic Gardens and is a short drive away from the highly sought after Orchard Road shopping belt. Its location also makes it convenient for families with children, as it is surrounded by renowned schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution and Hwa Chong Institution.

In recent transactions at nearby Nassim Road and Tanglin Hill, record-breaking land rates of $4,500 psf and $6,200 psf were achieved, indicating a strong demand from ultra-high net worth individuals for properties in this prestigious neighborhood. Poh highlights that the location is highly coveted by this elite group, making it a sound investment for interested buyers.

The EOI exercise for this GCB will close on Feb 11 at 3pm. This presents a rare opportunity for individuals to own a piece of prime real estate in one of the most exclusive and desirable enclaves in Singapore.…

In a luxurious showcase of New York’s finest residential development, 720 West End Avenue will be presented to Singapore buyers during the weekend of Jan 11 and 12. This highly sought-after location in the Upper West Side of Manhattan boasts 131 exquisite homes, ranging from one to five bedrooms, townhouses, duplexes and penthouses with private terraces. Spanning from approximately 500 sq ft to over 3,700 sq ft, these units are priced from US$1.015 million ($1.38 million) for a one-bedroom residence.

Investing in real estate can be a lucrative venture, especially in Singapore where location is a crucial factor. This is particularly important due to the high demand for properties in central areas or those near essential amenities like schools, shopping malls, and public transportation hubs. In fact, condos located in prime areas such as Orchard Road, Marina Bay, and the Central Business District (CBD) have shown a consistent increase in value over the years. These desirable locations are highly sought after by both locals and foreigners, making them a hot spot for property investment. Additionally, being close to reputable schools and educational institutions adds further appeal for families, solidifying their investment potential. For those looking to invest in real estate, Singapore Condo is definitely a top consideration.

Originally designed by renowned New York architect Emery Roth in 1927, this historic pre-war building, formerly known as the Hotel Marcy, showcases a stunning Renaissance Revival-style façade. 720 West End Avenue, a joint venture between Glacier Equities and InterVest Capital Partners, has meticulously preserved the façade to maintain its intricate architectural details. In addition, two floors have been added to the original structure, accommodating the luxurious penthouse duplexes. The interior of the building has also undergone a revamp, led by renowned designer Thomas Juul-Hansen.

The lavish development boasts over 30,000 sq ft of amenities, including a state-of-the-art fitness centre, private bar and dining room, library, co-working spaces, outdoor terraces and courtyards, private parking and bike storage. Savills Singapore will be presenting this prestigious development to discerning Singapore buyers on Jan 11 and 12 at voco Orchard Hotel. A seminar on the New York real estate market will also be held at 3pm on both days, providing valuable insights into this highly coveted location.…

offers hassle-free investment in a popular beach destination

Alamanda Tower, the latest residential offering from Ayana Bali spans 90ha in Bali, Indonesia. The tower consists of 26 units ranging from one- to two-bedroom apartments, available for long-term lease with a minimum stay of one month.

Part of the larger Ayana Bali estate, Ayana Residences is a collection of residential properties that includes four hotels (Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali, and Rimba by Ayana Bali), the award-winning Ayana Spa, a golf putting course, a secluded beach, event venues, and 30 dining outlets. Located along the coastline of Jimbaran Bay, Ayana Bali is a fully integrated resort.

Residents at Alamanda Tower have access to three rooftop pools, as well as amenities at the community center at Ayana Residences, which include a gym, lap pool, sauna and steam room. The tower also provides a dedicated concierge team, bi-weekly housekeeping, buggy service within Ayana Bali, and dining and spa discounts.

One-bedroom units at Alamanda Tower start at 1,173 sq ft and are available for approximately IDR70 million ($5,896) per month. Two-bedroom units without a pool measure 1,647 sq ft and begin at IDR100 million per month, while those with a private pool range from 2,045 to 2,648 sq ft and start at IDR120 million per month.

Purchasing a condominium in Singapore offers numerous advantages, with one of the main perks being the potential for increased property value over time. This is due to Singapore’s strategic location as a major global business hub and its strong economy, which create a steady demand for real estate. As a result, real estate prices in Singapore have continuously risen, particularly for condos located in prime areas. For investors, this presents an opportunity for significant returns on their investment if they purchase at the right time and hold onto their property for the long term. With the constant introduction of new condo launches, the potential for capital appreciation in Singapore’s real estate market remains a promising prospect. This is especially true when considering the numerous new condo launches that are available, continually expanding the opportunities for property investment in Singapore.

Managed by Indonesia’s Ayana Hospitality, Ayana Bali has properties in Jakarta and Labuan Bajo.…

Surbana Jurong Group has announced the appointment of Professor Cheong Koon Hean to its board of directors in a press release on Jan 6. This move is expected to enhance Surbana Jurong’s ability to provide innovative, resilient, and sustainable solutions for the built environment.

When contemplating an investment in a condo, it is crucial to also evaluate the potential rental yield. Rental yield refers to the annual rental income as a percentage of the condo’s purchase price. In Singapore, the rental yields for condos can significantly vary depending on factors such as location, property condition, and demand in the market. Generally, areas with a high demand for rental properties, such as those near business districts or educational institutions, offer better rental yields. It is essential to conduct extensive market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a specific condo. Keep in mind that new condo launches can also present exciting opportunities for investment and potentially yield high rental returns.

With a wealth of experience in the public sector, Cheong served as the CEO of HDB from 2010 to 2020, after having previously held the position of CEO at URA from 2004 to 2010. She currently holds the position of Chair at the Lee Kuan Yew Centre for Innovative Cities and is also a Professor of Practice at the Singapore University of Technology and Design. Furthermore, she chairs the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

Apart from her role at Surbana Jurong, Cheong serves on the boards of the National University of Singapore and CapitaLand Group. She also holds the position of Singapore’s non-resident ambassador to Finland.

As the built environment continues to evolve towards smart and sustainable solutions, Cheong’s expertise and vast experience in the industry will undoubtedly be a valuable asset for Surbana Jurong. With her appointment, the company is well-positioned to lead the way in delivering eco-friendly and resilient solutions for a greener future.…

River Valley Apartments, a freehold condominium located along River Valley Road in the coveted District 10, has recently been launched for collective sale through a public tender. According to a press release on January 6 by the exclusive marketing agent Knight Frank Singapore, the development has a guide price of $56 million.

The four-storey apartment, which was built in the 1950s, comprises of 24 units and sits on a land area of approximately 12,408 sq ft. It is zoned for residential use with a gross plot ratio of 2.8. The property is also strategically situated just 500m away from the upcoming Great World MRT Station on the Thomson-East Coast Line. Residents can enjoy convenient access to various amenities such as Great World City and Valley Point Shopping Centre, as well as nearby schools, namely River Valley Primary School and Alexandra Primary School, both within a 1km radius.

With the potential to be redeveloped into a boutique residential development with 37 new units, each with an average size of 915 sq ft, Knight Frank estimates a land rate of approximately $1,622 psf per plot ratio (psf ppr) which includes a nominal land betterment charge. Accounting for the 7% bonus gross floor area allowed for balconies, the price translates to approximately $1,583 psf ppr.

Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore, notes that the site is in close proximity to three Government Land Sale (GLS) sites that were successfully transacted last year. In April 2020, Zion Road (Parcel A) was sold for $1.107 billion ($1,202 psf ppr) to a joint venture between City Developments and Mitsui Fudosan. In June of the same year, Wing Tai Holdings acquired a GLS site at River Valley Green for $463.99 million ($1,325 psf ppr). Two months later, Allgreen Properties was awarded the Zion Road (Parcel B) site for $730.9 million ($1,304 psf ppr) in August.

Despite a subdued property market in the Central Region, Chia believes that developers are still attracted to the area, possibly anticipating a strong demand for prime properties when these projects are ready for launch. She adds, “This also shows their confidence in the potential of the River Valley and Zion Road location.”

One crucial factor to consider when investing in condos in Singapore is the government’s property cooling measures. In an effort to maintain a stable real estate market and reduce speculative buying, the Singaporean government has implemented several measures over the years. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment. In light of this, it is worth exploring new condo launches as potential opportunities for condo investment in Singapore.

Based on Knight Frank’s estimates, owners of the units at River Valley Apartments, which range between 947 and 1,238 sq ft in size, can potentially receive a minimum of $2 million to $2.6 million in sale proceeds if the development is successfully sold.

The collective sale tender for River Valley Apartments will close on February 18 at 3pm. Interested parties can check out the latest listings for River Valley Apartments properties on EdgeProp’s website. Additionally, readers can find out more about the most profitable and unprofitable transactions for the development, as well as its price trends in the past.…

Golden Mile Tower is set to undergo a transformation, with the Urban Redevelopment Authority (URA) approving an outline application for its voluntary conservation. This move will come into effect if the 99-year leasehold development is successfully sold in a collective sale, and the developer plans to redevelop the property.

According to documents obtained by EdgeProp Singapore, the government has indicated that if the developer chooses to conserve at least the existing cinema block, it could potentially increase the site’s allowable gross plot ratio (GPR) from 4.46 to 5.6, based on the current site area of 93,902.5 sq ft. This would also correspondingly increase the redevelopment’s allowable gross floor area (GFA) to 525,854 sq ft, a significant increase from its current GFA of 419,142 sq ft. Additionally, the voluntary conservation would also allow for a higher maximum building height of 164m, up from the site’s current limit of 145m.

The most recent attempt at a collective sale for Golden Mile Tower took place last August, with a reserve price of $556 million. This was the third en bloc attempt by the owners of the 99-year leasehold development to sell and redevelop the property.

Anna Tan, business development director at Tag Realty (the marketing agent for the collective sale of Golden Mile Tower), has stated that the reserve price for the 99-year leasehold development remains unchanged. This translates to a land rate of $1,350, which includes the cost of renewing the land tenure but does not factor in land betterment charges.

“The increase in building height control under the voluntary conservation option presents a great opportunity for developers to reimagine the property with a striking skyline presence. It also means that the new development’s commercial and hotel spaces could feature 5m floor-to-ceiling heights, while residential units could offer 3.6m ceiling heights,” says Tan.

The approval for voluntary conservation of Golden Mile Tower is especially significant, given that the neighbouring Golden Mile Complex, now restored as Golden Mile Singapore, was gazetted for conservation in 2021. Developed jointly by Perennial Holdings and Far East Organization, the commercial units of Golden Mile Singapore were launched last December. The new residential units, housed within a 45-storey tower, are expected to be launched this quarter.

In conclusion, investing in a condo in Singapore can prove to be a lucrative decision, offering numerous advantages such as high demand, potential for value appreciation, and attractive rental yields. However, it is essential to carefully assess important factors such as location, funding options, government regulations, and market conditions. Through meticulous research and expert guidance, investors can effectively navigate the fast-paced real estate market in Singapore and make well-informed choices. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, the current new condo launches in Singapore present an attractive opportunity. By taking into account the aforementioned considerations, individuals can maximize their returns in this dynamic real estate market.

“This is a rare opportunity to redevelop Golden Mile Tower, given the limited land supply along Beach Road and the potential for price uplift due to rejuvenation efforts like the launch of Golden Mile Singapore and the neighbouring Kallang Alive masterplan,” says Tan.

She adds that the redevelopment of Golden Mile Tower presents an opportunity to create a new mixed-use development in a prime location along Beach Road. The building’s heritage and future potential make it a unique investment opportunity for both local and international investors.…