Author: janomespecials

The decision to invest in a condominium in Singapore has gained considerable traction among both local and international investors. This is largely due to the city-state’s thriving economy, unwavering political stability, and exceptional standard of living. With a plethora of opportunities available in the real estate market, condos stand out for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and steps to take when investing in a condo in Singapore. Additionally, be sure to keep an eye out for new condo launches, as they can offer even more attractive opportunities for investment.

Hugh Macdonald has been appointed as the new head of capital advisors for Asia Pacific (Apac) at CBRE, according to a recent announcement by the company. With over 20 years of experience in the banking industry, Macdonald brings a wealth of expertise in investment banking and the real estate, gaming, leisure, and lodging sectors to his new role. Prior to joining CBRE, he served as the head of investment banking coverage and advisory for Australia and New Zealand at Deutsche Bank. Reporting to Leo van den Thillart, global head of investment banking, and Greg Hyland, head of capital markets, Apac, Macdonald will officially begin his role in Sydney and will relocate to Singapore in the first quarter of 2025. In related news, Knight Frank has recently named Virginia Huang as their new managing director for north and east China.…

Purchasing a condo requires careful consideration of both maintenance and management aspects. As part of the ownership, there are maintenance fees that cover the upkeep for shared areas and amenities. Although these fees may increase the overall cost, they play a vital role in maintaining the property’s condition and preserving its value. To simplify the management process, investors may choose to hire a property management company, allowing for a more hands-off approach to their condo investment.

Emerald of Katong saw strong sales during its launch weekend, with developer Sim Lian Group selling 835 units out of 846 units (98.7%) in just two days. Of these sales, 401 units (47%) were taken up during the VIP sales on November 15, followed by an additional 434 units on November 16. The average price for units sold over the weekend was $2,621 psf. A spokesperson from Sim Lian declined to comment on the sales performance.

According to Mark Yip, CEO of Huttons Asia, Emerald of Katong likely holds the record for the most number of units sold in a day, surpassing J’Gateway’s record of 738 units sold in June 2013. Only 11 units remain available at Emerald of Katong, consisting of nine one-bedroom units and two five-bedroom units. The two-, three-, and four-bedroom units have all been sold out. Yip notes that buyers were drawn to the larger units with either a study or flex layout, as they were likely purchasing for owner-occupation and needed the additional space to suit their lifestyle needs.

Interested buyers can get the latest information on available units and prices for Emerald Of Katong.

Lee Liat Yeang, the real estate senior partner at Dentons Rodyk & Davidson LLP – the developer’s lawyers – believes that Emerald of Katong sets a new record for the top-selling project of 2024, in terms of both the number of units and the percentage sold during its launch weekend. The 99-year leasehold development, located at Jalan Tembusu in District 15, achieved exceptional sales, considering that it launched alongside two other major projects on the same weekend.

One of these projects was Nava Grove, a 552-unit, 99-year leasehold development by MCL Land and Sinarmas Land, which reportedly sold 359 units on November 16 (65% of its total units). The other was Novo Place, a 504-unit executive condominium (EC) by joint developers Hoi Hup Realty and Sunway Developments at Plantation Close in Tengah, which achieved a 57% sales rate on the same day.

These three projects were part of an unprecedented six new residential launches (including the EC project) over a span of just two weeks. Ismail Gafoor, CEO of PropNex, initially had concerns that launching six projects within 14 days might result in some of them being overshadowed by others. However, homebuyers had the opportunity to visit all the developments before making their decision, with a total of 3,551 units on offer. Having multiple options in a short span of time seemed to help buyers make decisions more quickly. The interest may not have been as intense if the launches had been spread out over two months.

In addition, he notes that Kingsford Group moved the launch date of the 916-unit, 99-year leasehold Chuan Park to November 10 from November 16. This decision benefited both Chuan Park and Emerald of Katong, as those who were unable to secure a unit at Chuan Park had the opportunity to consider Emerald of Katong instead. Gafoor adds that if both projects were launched on the same weekend, prospective buyers might have been torn between them. By bringing forward Chuan Park’s launch, both projects benefited.

Last year, three major condo projects were launched in the same area and they were the 1,008-unit, 99-year leasehold Grand Dunman; the 638-unit, 99-year leasehold Tembusu Grand; and the 816-unit, freehold The Continuum. All three projects recorded good sales on Saturday, according to Huttons’ Yip. From November 11 to 16, The Continuum registered 22 new sales, Tembusu Grand saw 12 units sold, and Grand Dunman recorded five new sales. Yip believes that these projects attracted buyers due to the lifestyle offered in District 15 and limited number of large projects in the area.

Huttons’ Yip notes that the strong sales momentum can also be attributed to factors such as better economic growth and cuts in interest rates, which have led to an increase in buying activity in the new homes market. In addition, the lower returns from other investment assets may have encouraged more buyers to consider property as a preferred investment.

Huttons estimates that developers have sold up to 2,200 units in November, approaching the levels recorded in March 2013, when 2,793 units were sold. On-the-ground observations indicate a growing number of prospective local and foreign buyers utilizing trust structures to acquire homes for their children. According to Yip, this trend reflects the rise in wealth among local buyers and an influx of overseas funds into Singapore.

Figures from the Monetary Authority of Singapore (MAS) show that the number of single-family offices grew to 1,650 as of August 2024, an increase of 250 from the end of 2023, according to Huttons. During the same period, the M1 money supply—which includes cash, demand deposits, and other liquid deposits—rose by $10.2 billion in the first nine months of 2024.…

Investing in a condo in Singapore has many benefits, one of which is the potential for capital appreciation. Singapore’s advantageous position as a global business hub, along with its strong economic foundation, creates a constant demand for real estate. This demand has led to a consistent increase in property prices over the years, particularly for condos in prime locations. Those who invest in the market at the right time and maintain their properties for a long period can reap significant returns on their investments. Additionally, with the recent influx of new Singapore Projects, the potential for capital appreciation is expected to continue rising.

Sales bookings for the 504-unit Novo Place commenced on the morning of November 16. Developed by Hoi Hup Realty and Sunway Developments, the executive condominium (EC) was met with a strong demand, with 286 units, or 57%, sold at an average price of $1,654 psf.”It is an impressive take-up rate, showcasing the robust demand from homebuyers who are seeking a private residential lifestyle at an affordable price,” shares Mark Yip, the CEO of Huttons Asia. He believes that the take-up rate could have been even higher if not for the 30% quota set aside for second-timers.”Perhaps the government should consider increasing the quota for second-timers,” suggests Yip. “The upcoming balloting for second-timers in a month is likely to attract strong interest.”Interested in learning more about executive condominiums? Check out our comprehensive database that includes data on all ECs, including the average profit at 5 and 10 years.According to the regulations, second-timers are individuals who have previously purchased subsidized housing, such as a new or resale HDB flat, or an Executive Condominium (EC). The 30% quota, which is equivalent to 151 units, reserved for second-timers at Novo Place was fully taken up by 1 pm on launch day, according to Ismail Gafoor, the CEO of PropNex. However, he adds that second-timer buyers will have another opportunity to purchase units at Novo Place when the quota is lifted 30 days later, allowing them to make bookings starting from December 16th.Out of the 287 units sold at Novo Place, 76% of the buyers opted for the deferred payment scheme, while the remaining 24% chose the normal payment scheme, based on data from Huttons.The available three-bedroom plus-study units are 97% sold, and the four-bedroom units are fully taken up (Photo: Samuel Isaac Chua/EdgeProp Singapore)Executive Condos are the only type of housing that offers homebuyers the option of a deferred payment scheme. This scheme allows them to reserve their preferred unit first and service the loan at a later time. “It provides financial relief for HDB upgraders who still have an outstanding loan on their flat,” explains Yip.Another advantage of buying a new EC is that HDB upgraders receive upfront remission on the Additional Buyer’s Stamp Duty (ABSD). “They can continue to live in their current flat and sell it within six months of collecting the keys to their new EC unit,” adds Yip.Novo Place is situated in the Plantation district of Tengah, within walking distance of the future Tengah Park MRT Station on the upcoming Jurong Regional Line. The MRT station is expected to be completed by 2028.Read also: Emerald of Katong hits 99% sales at launch, averaging $2,621 psfThe EC project comprises seven 18-storey residential blocks, and the unit mix comprises three- to four-bedroom plus-study units. The available three-bedroom plus-study units are 97% sold, and the four-bedroom units are fully taken up. More than half of the four-bedroom plus-study units are sold. The sales figures reflect the demand from HDB upgraders who are looking for a larger living space and flexible use of space, notes Huttons’ Yip.Novo Place is the second EC project to be launched this year. The first, the 512-unit Lumina Grand at Bukit Batok West Avenue 5 by City Developments Ltd, was launched in January. To date, it has sold 84% of its units at an average price of $1,510 psf.”Considering that future EC launches are expected to be priced higher due to rising land and construction costs, current EC buyers are in a more advantageous position,” concludes Eugene Lim, the key executive officer of ERA Singapore.…

REDAS, the Real Estate Developers’ Association of Singapore, recently celebrated its 65th anniversary. According to the REDAS president Tan Swee Yiow, this milestone holds significant meaning for some as they reach the retirement age of 65 and start receiving their Central Provident Fund (CPF) retirement payouts. On November 15, the association held an anniversary dinner at the Marina Bay Sands ballroom, with the guest of honour being President of Singapore, Tharman Shanmugaratnam.

REDAS, originally named the Singapore Land and Housing Developers’ Association, was founded in 1959, six years before Singapore gained independence. Its visionary founders were instrumental in shaping the country’s real estate landscape. One of these pioneers was the late Lee Kim Tah, who founded the Lee Kim Tah Group. The family business started as a supplier of materials to the British army in the 1920s and later became a contractor and developer responsible for many of Singapore’s iconic buildings. Another founding member was Lee Chin Chuan, who established Hotel Royal in 1968 and served as its executive chairman and director until his passing in 2018. Tay Beng Swee, a private property developer, also played a significant role in founding the association in 1962.

The cityscape of Singapore is characterized by towering skyscrapers and contemporary infrastructure. Multipurpose residential complexes, strategically situated in highly sought after locations, offer a perfect fusion of opulence and practicality, making them a popular choice for both locals and foreigners. With facilities like swimming pools, fitness centers, and top-notch security services, these properties elevate the standard of living and entice prospective tenants and buyers. For investors, this translates to lucrative rental returns and a promising potential for long-term appreciation of property values. Check out the latest Singapore projects for your next investment opportunity!

President Tan Swee Yiow acknowledges the vital role these pioneers played in laying the foundation for Singapore’s growth. He emphasizes that the real estate industry is not just about shaping the physical landscape, but also driving social progress and creating jobs. Tan points out that the sector contributed nearly $20 billion to Singapore’s GDP last year, employed 16% of the workforce, and provided 602,000 jobs.

Tan also highlights how the industry has consistently shaped Singapore’s skyline to meet the city’s growing needs. From early skyscrapers to iconic projects like Golden Mile Complex, OCBC Centre, Raffles City, The Fullerton Hotel, and South Beach, real estate has played an essential role in the country’s development. Tan also mentions that projects like Marina Bay and Jewel Changi Airport are prime examples of how the industry has helped Singapore become a global financial hub and top destination.

Moreover, Tan also notes how real estate has evolved beyond just physical space. With landmark eco-friendly designs and world record-breaking green spaces, the projects have gained international recognition and set new standards, reinforcing Singapore’s commitment to responsible and forward-thinking development.

This year, REDAS recognized Chia Ngiang Hong, the group general manager of City Developments Ltd (CDL), with the Lifetime Achievement Award. The award honors individuals who have made lasting contributions to the community, environment, and REDAS. In his acceptance speech, Chia, who has dedicated 45 years to CDL, jokingly says that many have asked him how he has “survived” in the company for so long.

Chia has worked closely with three generations of the Kwek family, CDL’s founder the late Kwek Hong Png, the current executive chairman Kwek Leng Beng, and the group CEO Sherman Kwek, who have all had a profound impact on his career. In the mid-1980s, during the Pan-El crisis, Kwek Leng Beng, a patron of REDAS, brought Chia into the association. He was later invited to assist one of its subcommittees, and since then, he has been actively involved with the REDAS Council for over 30 years.

Over the decades, REDAS has played a pivotal role in providing constructive feedback to the government on private sector policies and has been a steadfast advocate for the real estate industry. Chia has also served as REDAS president for two terms, including during the challenging COVID-19 period, where the association worked tirelessly to guide the sector through the crisis. Despite the difficulties, Chia found it rewarding to work closely with stakeholders and government agencies, resulting in a stronger and more resilient industry.

Chia believes that the future holds limitless potential, and the next generation will carry on the values that have guided REDAS, continuing to lead Singapore’s transformation and growth with purpose.…

The Real Estate Developers’ Association of Singapore (REDAS) recently celebrated its 65th anniversary with a grand dinner at the Marina Bay Sands ballroom. The event was graced by President of Singapore Tharman Shanmugaratnam as the guest of honour.

In his welcome speech, Tan Swee Yiow, president of REDAS, highlighted the significance of turning 65, which for some may mean receiving CPF [Central Provident Fund] retirement payouts. He also acknowledged the visionary founders of REDAS who played a pivotal role in shaping Singapore’s real estate landscape.

REDAS, originally known as the Singapore Land and Housing Developers’ Association, was established in 1959, six years before Singapore gained independence. Its founders, including the late Lee Kim Tah and Lee Chin Chuan, were instrumental in developing many of Singapore’s iconic buildings. Another pioneer, Tay Beng Swee, was a private property developer who set up his business in 1962.

According to Tan, real estate is not just about shaping the physical landscape, but also about driving social progress and creating jobs. He highlighted the industry’s contribution of nearly $20 billion to Singapore’s GDP, providing employment for 16% of the workforce and creating 602,000 jobs.

Tan also credited the real estate industry for shaping Singapore’s skyline and meeting the city’s growing needs through iconic developments such as OCBC Centre, Raffles City, The Fullerton Hotel, and South Beach. He pointed out how developments like Marina Bay and Jewel Changi Airport have helped Singapore become a global financial hub and a top tourist destination.

The scarcity of land is one of the leading factors contributing to the high demand for condos in Singapore. As a small island country experiencing a rapid population growth, Singapore is facing a critical shortage of land for development. This situation has prompted the implementation of strict land use policies and has resulted in a highly competitive real estate market. As a result, the prices of properties, especially condos, are constantly on the rise. This has made investing in real estate, particularly condos, a highly lucrative opportunity with the potential for significant capital appreciation. Furthermore, with the introduction of new Singapore projects, the demand for condos is expected to continue to soar in the coming years.

Tan also acknowledged the industry’s evolution beyond physical space, with a focus on eco-friendly designs and green spaces. He noted how these projects have gained international recognition and reinforced Singapore’s commitment to responsible and forward-thinking development.

This year, REDAS honoured Chia Ngiang Hong, Group General Manager of City Developments Ltd (CDL), with the Lifetime Achievement Award. Chia, who has dedicated 45 years to CDL, thanked three generations of the Kwek family who have inspired and shaped his career. He also credited Kwek Leng Beng, a patron of REDAS, for bringing him into the association.

Chia, who has worked closely with REDAS for over 30 years, praised the association for its role in providing constructive feedback to the government and advocating for the real estate industry. Chia also served as REDAS president for two terms during the challenging Covid-19 period, and he reflected on the challenges and rewards of working closely with stakeholders and the government.

He believes that the next generation will continue to uphold the values that have guided REDAS and lead Singapore’s transformation and growth with purpose. Chia concluded that the future holds boundless potential for the real estate industry.…

Tuan Sing Holdings, a Singapore-based property development and investment company, has recently announced plans to redevelop its mixed-use properties located at 121-131 Collins Street and 23-25 George Parade in Melbourne.

The company’s wholly-owned subsidiary, Grand Hotel Group (GHG), has engaged the services of Hong Kong-based urban design firm Urbis Ltd to submit a Town Planning Application to the City of Melbourne for the proposed works.

When it comes to investing in condos in Singapore, one must also consider the government’s property cooling measures. In Singapore, the government has implemented several measures over the years to control speculative buying and maintain a steady real estate market. These include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a secure environment for investments. Additionally, with the introduction of New Condo Launches, the Singaporean real estate market continues to offer attractive investment opportunities.

Currently, the properties are home to the 550-room Grand Hyatt Hotel and various retail spaces. The redevelopment project aims to retain much of the existing podium structure, allowing business operations for tenants and the Grand Hyatt Hotel to continue without disruption.

According to Tuan Sing’s announcement on Nov 14, the focus of the reconstruction will be on façade modifications, extensive refurbishment, and reconfiguration of spaces in the property’s podium, from levels 4 to 9B. Once completed and subject to regulatory approvals, the site will cover a total gross floor area of approximately 909,550 sq ft, and introduce a new luxury retail and F&B precinct.

William Liem, CEO of Tuan Sing, believes that the podium redevelopment at 123 Collins Street will redefine connectedness and activation at one of the most prominent intersections in Melbourne’s storied Paris End. He also emphasizes the company’s commitment to environmental stewardship, stating that the transformation of these properties will be an architectural statement that supports a thriving, connected, and culturally vibrant Melbourne for generations to come.…

EDGEPROP – A two-storey HDB shophouse located in the bustling area of Bukit Merah Central will be up for auction by SRI on November 27. With a floor area of 1,582 sq ft, the shophouse is expected to fetch a guide price of $2.55 million (or $1,612 psf).

According to Eric Liew, manager of auction sales at SRI, this is the first time the owner is putting the property up for auction. The decision is driven by the owner’s intention to liquidate their investment.

Singapore’s condo market is experiencing a surge in demand, mainly due to the shortage of land available for development. Being a small island nation with a rapidly expanding population, Singapore is facing a scarcity of land. This has resulted in strict land use regulations and a fiercely competitive real estate market, where property prices are constantly on the rise. As a result, investing in real estate, especially condos, has become a highly profitable venture, with the potential for significant capital appreciation in the future.

The shophouse comes with a 103-year lease starting from 1980, which leaves 59 years remaining. The commercial component of the property, occupying 732 sq ft on the ground floor, is zoned for commercial use, while the upper floor of 850 sq ft is zoned for residential use.

The property is currently fully tenanted and will be sold with its existing tenancies. The ground floor is leased to a Domino’s Pizza restaurant until 2026, while the upper floor has a residential tenant until 2027.

As HDB shophouses are classified as commercial properties, foreigners are eligible to purchase the property. However, additional buyer’s stamp duty will be applicable to the residential component, while the commercial component will be subject to goods and services tax.

According to Liew, there have been several enquiries from interested parties, mostly investors attracted by the shophouse’s strategic location within the central area of Bukit Merah.

The shophouse is situated in the Bukit Merah Town Centre, a hub of commercial buildings, shops and other amenities such as the Bukit Merah Polyclinic, Bukit Merah Central Food Centre, and Rubikon, a four-storey boutique convention centre. It is also in close proximity to Gateway Theatre, a performing arts centre.

The property is also within walking distance of Bukit Merah bus interchange, Gan Eng Seng Primary School and Bukit Merah Secondary School. For those using public transport, the Redhill MRT Station is just a 15-minute walk away.

Based on data compiled by EdgeProp Research, the last commercial transaction at 161 Bukit Merah Central was the sale of a 1,582 sq ft shophouse that fetched $1.5 million ($948 psf) in March 2021.

In comparison, a three-bedroom duplex penthouse at Nassim Jade is currently on the market for $8.8 million.

Latest commercial rents at Bukit Merah C…

Singapore-based real estate developer and investment firm Tuan Sing Holdings has announced its plans to revamp its mixed-use properties at 121-131 Collins Street and 23-25 George Parade in Melbourne. The company’s subsidiary, Grand Hotel Group (GHG), has enlisted the help of Hong Kong’s urban design firm, Urbis Ltd, to submit a Town Planning Application to the City of Melbourne for the proposed works.

These properties currently house the renowned 550-room Grand Hyatt Hotel and several retail spaces. The majority of the existing podium structure will be retained during the reconstruction, allowing business operations for tenants and the Grand Hyatt Hotel to continue as usual.

The focus of the reconstruction will be on façade modifications, extensive refurbishment, and reconfiguration of spaces in the property’s podium from levels 4 to 9B, according to Tuan Sing’s announcement on November 14. Upon completion and subject to regulatory approvals, the site is expected to have a total gross floor area (GFA) of approximately 909,550 square feet and will introduce a new luxury retail and F&B precinct.

William Liem, CEO of Tuan Sing, states, “The podium redevelopment at 123 Collins Street will redefine connectedness and activation at one of the most prominent intersections in Melbourne’s storied Paris End.” He further adds, “With the right approach, this transformation can be an architectural statement of our environmental stewardship. By reimagining rather than rebuilding, we are pursuing a sustainable vision that supports a thriving, connected, and culturally vibrant Melbourne for generations to come.”

Investing in real estate is a wise decision, but one must consider the location when making such a big commitment. This is especially true in Singapore, where the location plays a crucial role in the value of the property. Condominiums located in central areas or close to necessary amenities like schools, shopping centers, and public transportation hubs tend to have a higher appreciation rate. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have demonstrated consistent growth in property values over the years. Additionally, condos near reputable schools and educational institutions are highly sought after by families, making them even more attractive for investment. For those looking to invest in real estate in Singapore, Singapore Condo is a great choice due to its desirable location and potential for appreciation in value.

For those looking to invest in overseas properties, explore the various projects available for sale around the world.…

In the rental market, despite the soft economy, rental for shophouses has remained fairly strong, Lee says. “Investors who have purchased shophouses are using them as an alternative source of income. With limited supply in the market, rents are holding steady.”In terms of rental performance, mixed-use shophouses (ground-floor commercial and upper-floor residential) were the best-performing segment, with a gross yield of 2.6% in 3Q2024. This was followed by pure commercial shophouses with a gross yield of 2.4% and pure residential shophouses with a gross yield of 2%. For the first nine months of 2024, pure commercial shophouses recorded the highest rental yield of 2.4% on average, followed by mixed-use shophouses at 2.2% and pure residential shophouses at 1.9%.

Shophouse market demand remained strong in the third quarter of 2024, despite a decrease in caveated transactions, as reported by Huttons Asia in their latest quarterly shophouse market analysis released on November 12th.

Compared to the 21 transactions in the second quarter of 2024, there were only 18 caveats lodged for shophouse deals in this quarter. The total value of these transactions was $138.9 million, which is a 28.8% decrease from the previous quarter’s $195.1 million. This is also only half of the total value of transactions in the same quarter last year, which was $278.6 million.

For the first nine months of 2024, the number of caveats filed for shophouse transactions was 62, which is a 46.1% decrease compared to the same period last year. The total value of transactions for the first three quarters of this year was $519 million, a 48.5% decrease from the same period in 2023.

However, as noted in Huttons’ report, there were also a number of un-caveated deals in the third quarter of 2024. Market sources have reported that several shophouses in Districts 1 and 2, specifically along Amoy Street, Neil Road, and Telok Ayer Street, were sold for an estimated total of more than $70 million. This shows the strong demand for shophouses, which has been increasing in recent months. Investors are drawn to this market segment due to its scarcity and potential for significant capital gains. With the recent interest rate cuts and their impact on the market, shophouses have become a popular choice for wealth creation and preservation.

Huttons’ senior director of data analytics, Lee Sze Teck, also believes that shophouse transaction volume and value may increase in the fourth quarter of 2024.

Despite the current soft economy, shophouse rental rates have remained resilient. Lee notes that investors who have purchased shophouses are using them as an additional source of income. With limited supply in the market, rents are holding steady.

Having a strong understanding of the legal and regulatory aspects of property ownership is crucial for international investors interested in investing in Singapore. The rules and regulations for owning landed properties are strict, making the purchase of a condo a more flexible option for foreign investors. However, it is important to keep in mind that foreign buyers are required to pay a 20% Additional Buyer’s Stamp Duty (ABSD) when making their initial property purchase. Despite this additional cost, the real estate market in Singapore continues to be a highly desirable choice for foreign investments due to its stability and potential for growth. Additionally, there is a diverse range of condos available, providing foreign investors with a variety of options to carefully consider when looking to invest in Singapore’s flourishing property market. Condo options are plentiful and offer a promising opportunity for international investors in Singapore.

In terms of rental performance, shophouses with a mix of commercial and residential spaces had the best gross yield of 2.6% in the third quarter of 2024. Pure commercial shophouses followed with a gross yield of 2.4%, while pure residential shophouses had a gross yield of 2%. For the first nine months of this year, pure commercial shophouses recorded the highest rental yield at an average of 2.4%, followed by mixed-use shophouses at 2.2%, and pure residential shophouses at 1.9%.…

CapitaLand Development (CLD) has received an overwhelming response for its two latest projects in Vietnam. The developer started its exclusive preview of Orchard Hill on Oct 26, a 774-unit high-rise development, and has already achieved bookings for 90% of the units. Orchard Hill is the second phase of Sycamore, a joint venture with United Overseas Australia, and is located in Binh Duong New City, around 30km from Ho Chi Minh City. The entire Sycamore development comprises of 3,500 freehold units, ranging from low to high-rise developments.

The most sought-after units at Orchard Hill are the one- and two-bedders, with the project expected to be completed by 4Q2026. In the following month, on Nov 9, CLD also held an exclusive preview of The Senique Hanoi, a 2,150-unit high-rise residential project in East Hanoi. This project, developed in collaboration with Mitsubishi Estate and Nomura Real Estate Development, has achieved a booking rate of 92%. The Senique Hanoi is scheduled to be completed by 2027.

When it comes to investing in a condominium, proper financing is crucial. Luckily, in Singapore, there are various mortgage options available. However, it is essential to keep in mind the Total Debt Servicing Ratio (TDSR) framework, which sets a cap on the amount of loan one can take based on their income and current debts. To ensure wise and informed decisions, investors must have a good grasp of the TDSR guidelines and work closely with financial advisors or mortgage brokers. This will allow them to avoid over-leveraging and make the most of their investments. For information on the latest condo launches, visit New Condo Launches.

The positive reception for The Senique Hanoi follows the successful launch of the final phase of CLD’s Lumi Hanoi residential mega-development in October. On the launch day, 97% of the 697 units released for sale under the last phase were snapped up, bringing the overall take-up rate for the 3,950-unit Lumi Hanoi to 99%.…