Month: March 2025

Rewritten:This year’s Emerging Trends in Real Estate Global Outlook report, published on March 12 by PwC and the Urban Land Institute (ULI), revealed that low yields and sluggish transaction volumes were top concerns for property investors in the Asia Pacific (Apac) region.

The report gathered insights from global asset managers, including Blackstone from the US, Savills Investment Management from the UK, and CBRE Investment Management. According to survey responses, over 70% of investors identified low yields, persistently high interest rates, and geopolitical tensions as their main concerns.

When deliberating on investing 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 the dynamic real estate market of Singapore, rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those in close proximity to business districts or educational institutions, offer more favorable rental yields. By conducting thorough market research and seeking guidance from real estate agents, one can gain valuable insights into the rental potential of a specific condo. It is essential to take into consideration that rental yields are an essential aspect of condo investments.

Despite these challenges, the report notes that industry leaders still view Asia Pacific as an attractive diversification strategy, thanks to its growing population and other demographic factors, as well as its differing monetary policies, such as Japan’s decision to increase short-term interest rates.

Last year, real estate transactions in the region saw a 13% year-on-year growth, reaching US$173.5 billion (SGD $231.3 billion). This outpaced the growth in other regions, such as Europe, Middle East, and Africa (EMEA) at 12%, and the Americas at 11%.

However, as Europe and North America enter a new capital markets cycle with expected improvements in transaction volumes, Apac is predicted to experience sluggish growth. The region’s liquidity was impacted last year by a drop in transaction volume. In China, transactions decreased by 25% year-on-year to US$418.3 billion (SGD $557.6 billion), while Hong Kong SAR saw a 1% dip to US$15.7 billion (SGD $20.9 billion).

Compared to the concerns in Apac, investors in Europe are focused on different issues. The top three concerns in the region, according to asset managers, were international political instability (85%), an escalation of war (83%), and Europe’s economic growth (77%).

Data from leading US-based research and data analytics company MSCI also indicate that commercial property prices in the US stabilized last year, ending the year with only a 0.7% decrease. As a result, investors may shift their attention and capital towards these regions in the coming months.

The report also highlighted that data center assets scored the highest investment and development prospects across all three regions in 2025. According to New York-based research firm Green Street, the demand for data centers globally reached record levels last year, with rents increasing at a double-digit pace. MSCI’s latest research also projects 2024 as a significant year for this asset class, with an increase of over 60% in US acquisitions of existing data centers through single property and portfolio deals.

In September of last year, Blackstone and the Canada Pension Plan Investment Board (CPP) acquired data center company AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for over US$16 billion (SGD $21.3 billion). This deal was the largest commercial real estate transaction recorded in Asia Pacific and globally for 2024.

In conclusion, despite challenges, the Asia Pacific region remains attractive for diversification among property investors, while data center assets are expected to have strong prospects for investment and development in the coming years.…

A 999-year leasehold conservation shophouse, located at 20 Liang Seah Street, has been put on the market for $15 million. The property is being sold through an expression of interest (EOI) exercise by SRI Capital Market, who have been appointed as the exclusive marketing agent.

When contemplating an investment in a condo, it is crucial to evaluate the potential rental yield. This refers to the annual rental income expressed as a percentage of the property’s purchase price. In Singapore, condo rental yields can significantly differ depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer more attractive rental yields. To accurately assess the rental potential of a specific condo, it is essential to conduct thorough market research and seek advice from real estate agents. Additionally, you can explore condo options to find the best investment opportunity.

The shophouse spans three storeys and is situated on a 1,129 sq ft plot that is zoned for both residential and commercial use, with a gross plot ratio of 4.2 in accordance with the latest Master Plan. It boasts a built-up area of 2,635 sq ft, with a guide price of $2,635 per square foot.

The ground floor and second floor of the shophouse have been approved for restaurant use, while the top floor is currently leased for residential purposes. The property is located within the Beach Road secondary settlement conservation area, which allows for new extensions of up to five storeys, subject to approvals.

According to Low Choon Sin, the managing partner of SRI Capital Market, the property is well-suited for end-users such as F&B tenants or corporate offices, as the residential space on the third floor can be used to accommodate staff. He also notes that the shophouse enjoys a prominent frontage along Liang Seah Street, which sees high vehicular traffic during the day. Additionally, it is conveniently located near the various restaurants and shops in the Bugis area.

Low believes that 20 Liang Seah Street presents a great opportunity for investors to acquire a 999-year leasehold property that could be held for the long term, taking advantage of the rejuvenation of the Bugis area. This is further emphasized by the completion of new landmark developments such as Guoco Midtown and the upcoming Shaw Towers, which will add to the vibrancy of the vicinity.

The EOI exercise for the sale of 20 Liang Seah Street will close on April 10. Interested parties are encouraged to seize this opportunity to invest in a prime property with potential for long-term growth.…

from the Ting family

The long-standing feud between the Kwek family members at City Developments Limited (CDL) appears to have reached a resolution, with executive chairman Kwek Leng Beng withdrawing legal proceedings against a group of directors led by his son, group CEO Sherman Kwek.

Following the withdrawal of the legal actions, the board of CDL will now consist of four members: Kwek Leng Beng, Sherman Kwek, and two newly appointed independent directors, Jennifer Duong Young and Su Yen Wong.

In a joint statement, the board members have expressed their commitment to putting aside their differences and working towards the best interests of CDL and its stakeholders. They have also reiterated their focus on strengthening the company’s business operations, completing ongoing projects, and maximizing shareholder value.

This development comes after the resignation of Dr Catherine Wu, another independent director who was at the center of the boardroom dispute. Kwek Leng Beng has clarified that the allegations made against CDL’s corporate governance by Wu were unfounded, and that the company will continue to uphold good governance practices.

When considering an investment in a Singapore Condo, it is essential to carefully assess its potential rental yield. This refers to the yearly rental income as a percentage of the property’s purchase price. The rental yield for condos in Singapore can vary greatly based on various factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer more promising rental yields. To accurately gauge the rental potential of a specific Singapore Condo, it is advisable to conduct comprehensive market research and seek guidance from experienced real estate agents.

In the midst of this turmoil, CDL has also announced the acquisition of five student accommodation properties in the United Kingdom for $357 million from the Ting family. This is in line with the company’s strategy of expanding its global presence and strengthening its various brands under Millennium & Copthorne.

Furthermore, CDL has also recently offered a portfolio of 11 strata shops at The Venue Shoppes for $40.77 million, and has seen strong sales at its newest residential development, The Residences at W, with 65 units sold at an average price of $1,780 per square foot.

With the resolution of the boardroom feud and the company’s continued strategic developments, CDL is poised for future growth and success in the real estate market.…

Steve Leung Design Group (SLD), led by renowned architect and designer Steve Leung, is breaking into the European market with a joint venture with Italian designer Andrea Bonini. This move marks SLD’s first foray into Europe and their newest branch company, SLD . Andrea Bonini.

With a commitment to offering exceptional interior design services and products, SLD . Andrea Bonini will cater to clients in both Asia and Europe, specializing in high-end residences and luxury hospitality. The company’s debut at the renowned Salone del Mobile furniture fair in Milan this coming April will also serve as the launch of their first collection, a collaboration with smart home manufacturer Moorgen that features a range of smart home lighting.

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When considering investing in property in Singapore, it is crucial for international investors to have a clear understanding of the regulations and limitations that govern property ownership. Unlike landed properties, which have stricter ownership rules, foreigners are generally able to purchase condos with fewer restrictions. However, it is important to note that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their first property purchase. Despite this extra cost, the stability and potential growth of the Singapore real estate market continues to attract foreign investment, making it an attractive option for those looking to invest. New condo launches are also continuously popping up, providing even more opportunities for foreign investors to enter the market.

This collaboration not only marks SLD’s first expansion overseas, but also aligns with their new business direction focused on rejuvenation, diversification, and globalization. In a press release on March 11th, the company stated, “With our 28 years of design experience and competitive edge in the market, our goal is to enhance the lifestyles of clients across the world through our designs.”…

on launch weekend

CapitaLand Group has recently signed a Memo of Understanding (MoU) with Microsoft to take advantage of advanced technologies and Artificial Intelligence (AI) for its businesses. As part of the collaboration, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, granting access to Microsoft platforms, services, and solutions that can enhance customer engagement and boost operational efficiency in various areas of the company, including funds, investments, retail, lodging, and development.

One of the main aims of this partnership is to identify potential opportunities for collaboration in infrastructure development, leveraging Microsoft’s Azure cloud computing platform to improve data center design and products for CapitaLand Investment. Additionally, the integration of AI, data analytics, and machine learning will play a crucial role in strengthening CapitaLand’s digital and business transformation efforts.

When it comes to investing in a condo, securing financing is a crucial factor to consider. In Singapore, there are various mortgage options available, but it is crucial to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan a borrower can take based on their income and current debt obligations. Therefore, it is essential for investors to fully comprehend the TDSR and seek the guidance of financial advisors or mortgage brokers to make well-informed decisions about their financing choices. This will also help prevent them from over-leveraging themselves. Furthermore, keeping an eye on New Condo Launches can be beneficial in finding suitable financing options.

Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, believes that this collaboration with Microsoft is a significant step in their digital transformation journey. She highlights how AI will be pivotal in shaping the company’s future by driving operational efficiencies and creating value for all stakeholders.

In another development, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, has also entered into an MoU with the Singapore Business Federation (SBF). The aim of this partnership is to establish a framework for digitalization and AI integration across CLI’s retail ecosystem. As part of this initiative, the two entities will work together to encourage the adoption and proof of concept for AI, data analytics, and cybersecurity solutions, enhancing business efficiency and competitiveness. Furthermore, they will also focus on developing the AI-focused competency and skills of retail tenants.

This collaboration between CapitaLand and Microsoft, as well as the MoU with SBF, showcase CapitaLand’s commitment towards digitalization and AI integration to stay ahead in the competitive market. These efforts will not only improve operational efficiency but also create a more seamless and enhanced experience for customers and stakeholders. CapitaLand Investment is also making significant strides in its growth strategy, announcing the acquisition of three properties in Singapore and Thailand and reporting stable cash flow despite a decline in Patmi. Moreover, the last penthouse in One Pearl Bank has been sold, marking a successful 100% sale on its launch weekend.…

of 774 units

CapitaLand Group has recently signed a memorandum of understanding (MOU) with Microsoft, aiming to utilize artificial intelligence (AI) and advanced technologies in their businesses.

Investing in a condo in Singapore presents numerous benefits, one of the most significant being the potential for capital appreciation. This is largely due to the strategic location of Singapore as a global business hub, along with its robust economic fundamentals that result in a constant demand for real estate. Over the years, the real estate market in Singapore has consistently shown an upward trend, with prime locations for condos experiencing considerable appreciation. By making smart investments at an opportune time and holding onto the property for an extended period, investors can reap tremendous capital gains. Consider adding Singapore Condo to your list of potential investments for potential growth and returns.

Through this partnership, CapitaLand will become a part of Microsoft Singapore’s AI Pinnacle Program, which will allow them to leverage Microsoft’s platforms, services, and solutions to enhance customer engagement and improve operational efficiency across all of their sectors, including funds, investments, retail, lodging, and development.

Some of the key areas of collaboration between the two organizations include infrastructure development, using Microsoft’s Azure cloud computing platform to develop data center designs and products for CapitaLand Investment, and integration of AI, data analytics, and machine learning to support their digital and business transformation initiatives.

In a statement, Quah Ley Hoon, the Group Chief Corporate Officer of CapitaLand Investment, shared that this collaboration with Microsoft is a significant step in their digital transformation journey. She believes that AI will play a crucial role in shaping their future by driving operational efficiencies and creating value for all their stakeholders.

Separately, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, has signed an MOU with the Singapore Business Federation (SBF) to establish a framework for digitalization and integration of AI across CLI’s retail ecosystem.

This includes various initiatives like facilitating the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness, as well as developing AI-focused competencies and skills among retail tenants.

With these collaborations, CapitaLand Group aims to stay at the forefront of digital transformation and innovation, ensuring sustainable growth and long-term success for their business.…

ERA Realty Network is offering a collection of 14 retail shops for sale through an expression of interest (EOI) exercise. These properties, priced at a total of $26.46 million, are located at Peninsula Plaza, Sim Lim Square, and Far East Plaza.

The two units at Peninsula Plaza, a 999-year leasehold mixed-use development on North Bridge Road, have a combined strata area of around 990 sq ft and are asking for $8 million, or $8,081 psf. Peninsula Plaza, completed in 1980, has a six-story retail podium and a 24-storey office tower, and is connected to the City Hall MRT Interchange Station.

At Sim Lim Square, 11 commercial units on the fifth floor, with a total strata area of 5,081 sq ft, are available for sale at $15.855 million. These units, which are zoned for commercial use, have a 99-year lease that commenced in April 1983. Most of the units are currently tenanted and face the mall’s main atrium.

The remaining unit for sale is at Far East Plaza on Scotts Road. This freehold retail unit, situated on the second floor, has a strata floor area of 355 sq ft and is priced at $2.6 million, or $7,324 psf. Far East Plaza, completed in 1982, comprises a five-story retail mall and serviced apartments, and is within walking distance of Orchard Road MRT Station.

According to ERA, the properties will attract interest from both property investors and business owners. Donald Goh, director of capital markets and investment sales at ERA, notes that last year, there were 28 deals for strata retail sales in the Downtown Core and 33 deals in the Orchard Planning Area. Goh adds that there is still strong demand for strata retail shops, as seen from recent sales in Lucky Plaza, Orchard Towers, and The 101.

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Rewritten:

Singapore is a country where location plays a crucial role in real estate investments. This is especially true when it comes to condos. Those that are situated in central areas or near important amenities such as schools, shopping malls, and public transportation hubs tend to experience a higher appreciation in value. Prime locations in the city include Orchard Road, Marina Bay, and the Central Business District (CBD), which have consistently shown growth in property values. Families also seek out condos near these areas due to their proximity to good schools and educational institutions, making them highly desirable investments. If you are looking to invest in Singapore, consider a condo in the central area, such as Singapore Condo, for its potential for long-term growth and high demand.

The EOI for these properties will close on April 17 at 3pm. Interested parties can check out the latest listings for Peninsula Plaza properties.…

GuocoLand has recently secured a green financing facility worth $367.1 million from DBS Bank for the development of its Faber Walk site. The residential land parcel, which was awarded to GuocoLand and its joint venture partners TID and Hong Leong Holdings through a Government Land Sale tender last November, will see the construction of 399 residential units spread across nine low-rise blocks. With a land area of 277,659 square feet, the partners had emerged as the top bidder with a bid of $349.86 million, translating to $900 per square foot per plot ratio.

The upcoming development is located in the Faber Walk landed private residential enclave, next to the Faber Hills estate. It boasts a waterfront location, adjacent to the Pandan River, as well as the soon-to-be-completed Old Jurong Line Nature Trail. In line with its commitment to sustainable development, GuocoLand has obtained a green facility for this project, adding to its existing portfolio of green initiatives in other developments such as Wallich Street’s Guoco Tower, Beach Road’s Guoco Midtown, Tan Quee Lan Street’s Midtown Modern, and Lentor Mansion in Lentor Gardens.

Obtaining financing is a crucial element of investing in a condominium. In Singapore, there are various mortgage choices available, but it is important to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan a borrower can take, taking into consideration their income and existing debt responsibilities. To avoid overextending oneself, it is crucial for investors to comprehend the TDSR and to seek guidance from financial advisors or mortgage brokers. Additionally, staying updated on New Condo Launches can also aid in making informed financing decisions.

The Faber Walk development is expected to be awarded the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion, further solidifying GuocoLand’s reputation as a developer committed to sustainability. Dora Chng, the residential director of GuocoLand, expresses excitement about the project, stating that they will utilize the group’s end-to-end value chain capabilities to create sustainable developments with biophilic designs, similar to the successful launches of Lentor Modern and Lentor Mansion in the Lentor Hills estate.

GuocoLand’s next project is a 941-unit development in its Upper Thomson Road (Parcel B) site, awarded in April last year. Together with Hong Leong Holdings, the development is slated for launch in the second half of this year.…

On March 8, Sim Lian Group announced that 682 out of 760 units (90%) have been sold at Aurelle of Tampines, an executive condominium (EC) located at Tampines Street 62. The units were sold at an average price of $1,766 per square foot
The developer stated that all the four- and five-bedroom units have already been taken up, along with 84% of the three-bedroom units. Sim Lian Group’s executive director, Kuik Sing Beng, believes that the high demand for well-designed, well-connected homes in Tampines has contributed to the success of the project.
Interested buyers can obtain the latest information on available units and prices for Aurelle of Tampines.
PropNex’s CEO, Ismail Gafoor, commented that the average price of $1,766 psf has set a new benchmark for EC launches. He added that this is the highest launch take-up rate for an EC project since Hundred Palms Residences, a 531-unit development, was fully sold at an average price of $841 psf on its launch day in July 2017.
Additionally, Sim Lian Group revealed that the 30% quota allocated for second-timers was met by 3.15 pm on the launch day. The quota for second-timers will be lifted a month from the launch date.
ERA Singapore’s key executive officer, Eugene Lim, believes that the take-up rate could have been even higher if not for the quota limit on second-timers. However, he pointed out that these buyers will have another chance to ballot for a unit a month after the launch date.
Huttons Asia’s CEO, Mark Yip, suggested that the government may consider increasing the quota for second-time buyers purchasing an EC, in alignment with the recent increase in quota allocation for second-timers buying BTO flats with three or more bedrooms.
PropNex’s Gafoor noticed that about 68% of buyers opted for the Deferred Payment Scheme (DPS) to finance their purchases, while the rest chose the Normal Payment Scheme.

When it comes to investing in real estate, one of the most crucial factors to consider is location. This is especially true in Singapore. In the country, condos that are strategically located in central areas or in close proximity to important amenities, such as schools, shopping malls, and public transportation hubs, tend to have a higher appreciation rate. Some examples of prime locations in Singapore include Orchard Road, Marina Bay, and the Central Business District (CBD). These areas have consistently shown growth in property value over time. In addition, condos near reputable schools and educational institutions are highly sought after by families, making them even more attractive investments. If you want to invest in a valuable property, consider looking for a condo in a prime location like these. Check out Condo options in these areas to potentially maximize your investment returns.

Before the launch, more than 2,200 electronic applications were received since the project’s preview began on Feb 21, making it the highest e-app figure since 2022, when Copen Grand, the first EC in Tengah, attracted 2,300 e-apps.
Aurelle is the second EC launched in Tampines North, following Tenet – a 618-unit development by Qingjian Realty, Santarli Realty, and Heeton Holdings. Tenet was launched in December 2022, and 72% of the units were sold on the first day at an average price of $1,348 psf. It is now fully sold.
Prices at Aurelle of Tampines start from $1.417 million ($1,687 psf) for a three-bedroom unit of 840 sq ft; $1.689 million ($1,651 psf) for a four-bedroom of 1,023 sq ft; and $2.258 million ($1,665 psf) for a five-bedroom of 1,356 sq ft.
ERA’s Lim believes that the attractive pricing, strategic location, and unique features have made Aurelle a highly sought-after option for eligible first-time buyers and upgraders.
The project’s proximity to ParkTown – a mixed-use integrated development with a transport hub, shopping mall, hawker center, and community club – may have also contributed to its strong sales. In February, 1,041 units were sold on the launch weekend at ParkTown Residence, a 1,193-unit development by CapitaLand and UOL Group. The average price of units sold to date is $2,361 psf.
Huttons’ Yip noted that Aurelle is the second EC to be located next to a fully integrated mixed-use development, after Esparina Residences in Sengkang, which was launched in October 2010 at an average price of $748 psf. Units at Esparina Residences were sold at an average price of $1,625 psf from January 2024 to January 2025, marking a 117% increase.
Based on caveats lodged, the highest psf price achieved at Esparina Residences was for a 1,367 sq ft unit on the 14th floor, which sold for $2.4 million ($1,756 psf) in November 2023. The second-highest was for a 1,367 sq ft unit on the seventh floor that fetched $2.388 million ($1,747 psf).
According to ERA’s Lim, new ECs are priced approximately $600 psf cheaper than new private condos in 2025. However, the average price of a new EC is only 1% higher than that of resale condos in suburbs or the Outside Central Region. This, combined with the fresh 99-year lease and modern facilities, makes new ECs a highly attractive choice for buyers.…

It was an exciting launch for Aurea when sales began on Mar 8, making it one of the first luxury residential projects to launch in Singapore’s Core Central Region (CCR) in the first quarter of the year. With a total of 23 units sold at an average price of $3,005 psf, Aurea has already made an impressive start.The joint developers of Aurea, Far East Organization and Perennial Holdings, released 78 units for sale in phase one. This includes a mix of two- to four-bedroom apartments, ranging from levels 4 to 16. With a sales rate of 30%, based on the 78 units released in phase one, the project has seen a strong demand from buyers.Aurea, a 45-storey luxury residential development, has a total of 188 units. DP Architects has designed the project with a unique “hanging garden concept,” making it stand out as the first new private condominium that is connected to a mixed-use development sold en bloc and conserved. This development is now known as Golden Mile Singapore.The joint developers of Aurea have announced that 83% of the buyers are Singaporeans, with the remaining 17% being permanent residents (PRs) from Malaysia. Based on the total number of 188 units, the sales translate to approximately 12.2%. According to Mark Yip, CEO of Huttons Asia, “CCR projects typically sell around 10% to 30% of their units during the launch weekend, as they lack the large pool of HDB upgraders that suburban projects attract.”PropNex CEO Ismail Gafoor considers the sales at Aurea to be “encouraging,” especially given the mostly lacklustre sales of CCR projects since the tightening of the additional buyer’s stamp duty (ABSD) measure in April 2023. “The doubling of the ABSD rate for foreigners to 60% has significantly cooled interest for CCR homes,” he says. “In fact, developers only sold 378 new CCR private homes in 2024 – a 74% decrease from 1,454 units in 2023.”Source: PropNex Research, URA dataHowever, Gafoor believes that the market will improve progressively. “We have noticed that CCR projects usually transact units steadily over multiple months, rather than achieving blockbuster sales over the launch weekend, unlike some Rest of Central Region (RCR) and Outside Central Region (OCR) projects,” he says. “CCR homes cater to a niche market, where buyers are looking for luxury homes and the finer things in life.”According to the joint developers’ release, the two- and three-bedroom apartments in the Prestige Collection accounted for 74% of the sales. These apartments offer a balance of well-designed spaces, functionality, and investment potential. The four-bedroom units in the Signature Collection were popular due to their expansive balconies that offer stunning views of both Marina Bay and Kallang Basin.”The positive response from buyers shows their appreciation for the rare and exceptional opportunity to own a luxurious home in a development that seamlessly combines heritage with modern sophistication,” says Shaw Lay See, COO of Far East Organization’s sales & leasing group. “Many have shared that they are particularly drawn to the magnificent views and recognise the value of being part of the exciting transformation of this prime Downtown Core precinct.”Aurea’s units in the Sky Villa Collection consist of 18 five-bedroom apartments that are up to 3,251 sq ft in size, and two exclusive six-bedroom penthouses that can reach up to 8,816 sq ft. These large-format homes in the downtown area are hard to come by, according to Shaw.”In recent years, we have seen the price gap between private residential properties in the CCR and the RCR narrowing significantly,” says Ken Low, managing partner of SRI. “Historically, the difference averaged around 40% in the last 10 years, but it has now closed to about 20% across all properties regardless of tenure.”The units offer expansive balconies and views of Marina Bay and Kallang Basin (Photo: Samuel Isaac Chua/EdgeProp Singapore)Marcus Chu, CEO of ERA Singapore, believes that CCR price growth has lagged behind that of RCR and OCR in recent years due to the relatively small number of new home launches. He adds that with approximately nine CCR launches expected this year, the market dynamics are likely to drive a significant increase in CCR home prices.”Savvy investors may once again shift their focus to the CCR, since the price gap between CCR and RCR new homes has decreased from 50% in 2018 to just 10% in 2024,” says Chu. “With the expectation that this gap could widen again as more luxury homes hit the market, now could be the time to buy.”Read also: Perennial Holdings wins SLA tender for Jervois Road propertySource: EdgeProp LandlensSRI’s Low believes that Aurea will benefit from Singapore’s ongoing urban renewal efforts, including major infrastructural and lifestyle upgrades in the surrounding areas. The revitalisation of Beach Road and the Ophir-Road Corridor, the Kallang Alive master plan, and the completion of the North-South Corridor are all set to enhance accessibility, connectivity, and vibrancy in this key city district.”Aurea is also situated at the doorstep of one of the largest transformation projects in Singapore,” notes Huttons’ Yip. “With the 120-km Southern coastline redevelopment, which runs through the Greater Southern Waterfront, Marina Bay, Kallang Basin, and the future Long Island project, Aurea is perfectly placed to benefit from this significant change.”

The cosmopolitan city of Singapore boasts a striking cityscape, characterized by towering skyscrapers and state-of-the-art infrastructure. One of the most sought-after residences in this vibrant urban setting are condos, strategically located in prime areas. These lavish abodes offer a perfect mix of opulence and convenience, making them highly desirable for both locals and foreigners. Packed with an array of top-notch facilities including pools, fitness centers, and top-of-the-line security services, they not only enhance the standard of living but also attract potential tenants and buyers. For investors, these sought-after features not only result in lucrative rental yields but also contribute to the continuous appreciation of property values over time. These desirable Singapore Projects serve as a testament to the country’s thriving real estate market.…