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ERA Realty Network, the appointed marketing agent, has announced that Elias Green, a 99-year leasehold condo in Pasir Ris, will be launched for collective sale by public tender on March 6. The guide price for the property is set at $928 million.

Investing in a condominium in Singapore has become an increasingly favored option for both local and foreign investors. The city-state boasts a strong economy, political stability, and a high standard of living, making it an attractive location for property investment. With a thriving real estate market, Singapore offers a multitude of opportunities for investors, with condos being a particularly sought-after option. The convenience, amenities, and potential for high returns make them a popular choice. In this article, we will delve into the advantages, considerations, and necessary steps involved in investing in a condo in Singapore. Furthermore, for those interested in exploring the latest developments in the market, keep an eye out for new condo launches.

Built in 1994, the condo occupies a land area of approximately 516,871 sq ft and is zoned for residential use with a gross plot ratio of 1.4. The development consists of several blocks and offers 419 apartments, with sizes ranging from 1,367 to 1,636 sq ft. As it currently stands, the site has a remaining lease of 65 years from 1991.

According to ERA, the guide price of $928 million translates to a land rate of $1,355 psf per plot ratio (ppr). This figure includes an estimated land betterment charge of $150.8 million for intensification and a top-up to a fresh 99-year lease. It also takes into account a 10% bonus gross floor area.

The owners of Elias Green are currently in the process of submitting an Outline Application to URA for a residential development with a gross plot ratio of 1.8. If approved, the development’s land rate would be approximately $1,245 psf ppr.

If the collective sale is successful, owners can expect to receive gross sale proceeds ranging from approximately $2.04 million to $2.31 million per unit, based on the guide price.

Tay Liam Hiap, managing director of capital markets and investment sales at ERA Singapore, notes that Pasir Ris Town is undergoing significant improvements as part of HDB’s “Remaking Our Heartland” initiative, which will enhance its vibrancy and connectivity.

“As part of this transformation, the new Pasir Ris Bus Interchange is expected to be completed by 2025. This will integrate with the future Pasir Ris Integrated Transportation Hub, which will also include the Cross Island Line (CRL) slated to be operational by 2030, to further enhance connectivity across Singapore,” Tay adds.

This is not the first time that owners at Elias Green have attempted a collective sale. The first attempt was in 2018, when the condo was launched for tender at $780 million. This latest price tag of $928 million represents a 19% increase from the previous asking price.

The tender for Elias Green will close on April 22 at 2pm. For more information and to view the latest listings for properties at Elias Green, please visit Ask Buddy. Some other helpful resources for prospective buyers include a list of condo projects with the most expensive average PSF in District 18, recent condo rental transactions in the district, and a roundup of the most unprofitable landed transactions in the past year. Additionally, we have information on upcoming new launch projects and past condo rental transactions for your reference.…

The tender for Media Circle (Parcel A) has closed on March 4 with the top bid of $315 million from a consortium of Qingjian Realty, Forsea Holdings and minority investor Hoovasun Holding. This Government Land Sale (GLS) site, located in the one-north area, is a prime 99-year leasehold parcel zoned for residential use with commercial space on the first storey.

The winning bid translates to a land rate of $1,037 per square foot per plot ratio (psf ppr) for the 82,125 square feet site. It is expected to yield approximately 325 housing units, with a gross floor area of up to 303,865 square feet. This new development will feature two tall residential towers with commercial spaces on the first level.

According to a press statement from Qingjian and Forsea, the future project at Media Circle (Parcel A) will take advantage of the well-designed master plan and the government’s continuous investment in the one-north precinct as announced in the 2025 budget. This will bring about a transformation of the area to become a highly sought-after location for both work and living.

The site attracted a total of three bids, with the Qingjian-Forsea consortium beating the competition by offering 5.7% higher than the second bid. EL Development submitted a bid of $298 million, which translates to $981 psf ppr. The lowest bid of $295 million, or $971 psf ppr, came from SingHaiyi Group.

One interesting fact is that the Qingjian-Forsea consortium’s winning bid is lower than the land rate they had paid for a neighbouring GLS parcel, which is now the site of the highly anticipated 358-unit Bloomsbury Residences. In January 2025, the partners secured the 114,462 square feet site for $395.28 million, which equates to $1,191 psf ppr.

Managing director of Qingjian Realty, Du Dexiang, expresses confidence in the upcoming transformation of Media Circle, which is supported by a well-designed master plan and the government’s continuous investment in one-north precinct. He adds that the developer is committed to developing high-quality residential communities that align with the growth of one-north, dubbed Singapore’s ‘Silicon Valley’.

Director at Forsea Holdings, Wang Xin, says that the project marks another significant step in their commitment to developing high-quality residential communities that support the growth of one-north, which is similar to Singapore’s ‘Silicon Valley.’

Media Circle (Parcel A) will be the third joint venture between Qingjian and Forsea. In August 2024, they were awarded an executive condominium site at Jalan Loyang Besar after submitting the top bid of $557 million, or $729 psf ppr. The site can potentially yield up to 710 new homes.

The latest bid from Qingjian reflects the developer’s confidence in demand for homes in the area, says Lee Sze Teck, senior director of data analytics at Huttons Asia. He adds that if awarded, the developer will have more control over the supply and pricing of new homes in Media Circle.

The Media Circle (Parcel A) site was launched for sale last November, together with Media Circle (Parcel B), an adjacent plot measuring 107,936 square feet, which can potentially yield about 500 residences. The tender for Parcel B will close on April 29. Both Media Circle Parcels A and B are on the Confirmed List of the 2H2025 GLS Programme.

Under the Reserve List of the 1H2025 GLS Programme, there is another Media Circle site available for application. The 60-year leasehold site, zoned for residential with commercial space on the first storey, is designated for long-stay serviced apartments only. It can yield an estimated 520 units, along with retail space capped at 4,306 square feet.

Fullerton Health’s Onestar Wellness has been appointed by Singapore Press Holdings (SPH) to provide a one-stop consultation, testing and vaccination solution for employees from SPH and its subsidiary, in light of the recent cluster at SPH News Centre.

The service provider, who has been authorised by the Ministry of Health, will offer approved antigen rapid test (ART) and polymerase chain reaction (PCR) tests on-site at no additional cost to the employees.

Employees with symptoms or positive ART results will then be sent to Fullerton’s clinic location to get a PCR test done. On the other hand, SPH has also agreed to provide their employees with the option to get vaccinated by Fullerton after the enhanced safety measures for Office premises began on May 16.

As the first of a variety of SPH employee welfare initiatives, this brief mention on the collaboration with Fullerton Health is among the first news that we received following the SPH 1H2021 Earnings Release announcement .

Mr Tan Yen Leng, who is Fullerton’s Chief Executive Officer, said that this partnership with SPH is a testament to the company’s commitment towards creating a safer and healthier workforce to combat the pandemic.

He further added that as a leader in omnichannel media and publishing, SPH is a valuable partner for Fullerton as they continue to expand their corporate wellness initiatives to include on-site testing and vaccination services.

This comes after the news of the three new unlinked cases in its headquarters located in News Centre’s vicinity, as well as nine infections that were linked to the cluster since Sunday. While all employees at the News Centre are encouraged to get ART and PCR tests, Fullerton Health will also administer the vaccine to employees at the SPH News Centre once they have booked an appointment for their vaccination shots.

The management team at SPH is encouraging their employees to get vaccinated at the Fullerton’s clinic, as they believe it is important to do a part in protecting themselves and their colleagues. The company said that the vaccination i s a critical step in the fight against COVID-19.

The current vaccinations are not compulsory, and it is entirely up to the employees to get themselves vaccinated.

Apart from its effectiveness against the virus, Fullerton Health also has a team that is dedicated to the post-vaccination side effects, which is very crucial for employees who have pre-existing medical conditions.

The best part about this initiative is that Fullerton will come to SPH, so employees can save time on travelling and queuing for the tests, all in a bid to keep the offices safe from the recent cases.

SPH Chief Executive Officer Ng Yat Chung also said that the alliance with Fullerton Health is a demonstration of the company’s commitment to continuously keep its office and employees safe.

Being one of the leading omnichannel media companies has not been straightforward for SPH, and the recent events prove just that, which is why the company is going the extra mile to keep its employees safe.

According to their share price , it would be interesting to see how these initiatives will translate in terms of financial performance.

SPH is currently trading at its 52-week high of $1.34, which is a 6.3% gain from its previous close of $1.26.

SPH has a book value of $2.26. Their dividend yield stands at a decent 4.5% yield.

The recent price movements could see SPH being considered as a Growth and Income Stock in the market.

When purchasing a condo, it is crucial to also consider the maintenance and management of the property. In most cases, condos come with maintenance fees that cover the regular upkeep of common areas and facilities. While these fees may increase the overall cost of owning a condo, they also ensure that the property remains in excellent condition and maintains its value. For investors looking for a more passive investment, hiring a property management company can assist with the day-to-day management of their condo.…

Global real estate company Hotel Properties Ltd (HPL) is taking steps to further expand its presence by acquiring InterContinental Auckland for a total of NZ$180 million ($138.5 million). This move marks HPL’s first venture into New Zealand and their second acquisition of an InterContinental hotel, following their purchase of InterContinental Maldives Maamunagau Resort.

When it comes to investing in real estate, there are numerous factors to take into account, and location is key. This is especially crucial in the fast-paced metropolis of Singapore. Condominiums situated in strategic areas or within close proximity to important amenities such as schools, shopping centers, and transportation hubs are highly sought after for their potential for greater appreciation. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently experienced a rise in property values, making them attractive investment options. Furthermore, families flock to these areas due to their convenient proximity to esteemed schools and educational institutions, making them an even more desirable choice. For those considering investing in a profitable Singapore condo, it is crucial to carefully consider the location, and Singapore Condo is a great choice to explore.

The sale, advised by JLL’s Asia Pacific Hotels & Hospitality Group, is the biggest single hotel asset transaction ever recorded in the country. HPL’s latest investment in Auckland comes on the heels of their previous openings of The Boathouse Tioman in Malaysia, featuring 31 bungalows, and the 176-room The Four Seasons Hotel Osaka in Japan.

HPL’s goal is to extend its luxury hospitality portfolio throughout key markets in the Asia Pacific region, with the support of their skilled hospitality management team and strong partnerships with operators such as IHG Hotels & Resorts. Stephen Lau, chairman of HPL Hotels and Resorts, highlights that the acquisition of InterContinental Auckland presents a rare opportunity to acquire a premium asset in New Zealand. The property is strategically situated near the bustling NZ$1 billion Commercial Bay lifestyle precinct, which officially launched in January 2024. The hotel rooms themselves offer unparalleled views of the Waitematā Harbour, according to Lau.

While the current hotel boasts 139 rooms, there is ample potential to increase capacity to 190 rooms by converting the current office space to meet future demands. This acquisition aligns with HPL’s goal of expanding their presence in the Asia Pacific region, and they are eager to continue their growth with the addition of InterContinental Auckland to their portfolio.…

Asia Pacific’s real estate market showed resilience in the second half of 2024 with institutional investments totaling US$83.2 billion ($112 billion), representing a 6% year-on-year increase, according to research by Colliers. This brings the full-year investments in the region’s top nine markets – Australia, Mainland China, Hong Kong, India, Japan, Singapore, South Korea, New Zealand, and Taiwan – to US$155.9 billion, up 12% year-on-year.

Chris Pilgrim, Colliers’ managing director of global capital markets for Asia Pacific, believes that this rise in investments demonstrates the market’s resilience and sets the stage for a strong year in 2025. He notes that domestic investors have been the driving force behind the growth in key markets such as South Korea, Taiwan, and New Zealand, accounting for more than 80% of real estate inflows in these markets in the second half of 2024.

Investing in a condo can bring various advantages, including the opportunity to leverage its value for future investments. In fact, a lot of investors opt to use their condos as collateral to secure additional funding for other real estate ventures, thus diversifying their portfolio. This approach can significantly boost profits, but it also comes with its own set of risks. As such, it’s essential to have a well-thought-out financial strategy and carefully consider the potential consequences of market fluctuations. If you’re interested in exploring this type of investment in Singapore, you may want to check out some of the top Singapore Projects currently available.

The office sector was the largest contributor to investment volume in Asia Pacific, accounting for US$26.5 billion (32%) of the total in the second half of 2024. For the whole of 2024, office investments reached US$51.4 billion, a 14% year-on-year increase.

Meanwhile, the industrial and logistics sector as the second biggest contributor, with investments totaling US$22.6 billion in the second half of 2024, representing 27% of the total. This brings the full-year investments in this sector to US$39.4 billion, a 29% year-on-year increase.

The retail sector also rebounded significantly, with investments reaching US$15 billion in the second half of 2024, driven by major deals in Australia and South Korea. For the entire year, retail investments amounted to US$26.1 billion, a 27% year-on-year increase.

Pilgrim expects domestic capital to continue dominating most markets in 2025, while offshore investments are expected to increase as investor confidence improves and valuations become more attractive. He predicts that while office and industrial segments will continue to see robust investments, sectors such as retail, hospitality, and alternative assets will also gain traction as investors capitalize on the market’s recovery and evolving consumer trends. “With economic growth and policy support remaining strong, we can expect sustained investment activity in Asia Pacific’s real estate market in 2025,” Pilgrim adds.…

for $324 milAdapted from: CapitaLand Investment’s CEO named ‘Industry Figure of the Year’ at PERE awards 2024

It is crucial for international investors to have a thorough understanding of the regulations and limitations surrounding property ownership in Singapore. Unlike landed properties, condos are generally more accessible to foreigners, as they are subject to less stringent ownership rules. Nevertheless, foreign buyers are also required to pay the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their initial property purchase. Despite these extra expenses, the Singapore real estate market’s stability and potential for growth remain highly appealing to foreign investors. This is evident in the continuous influx of foreign investment, as seen in the constant launch of new condos in Singapore. To keep up with the demand, various new condo launches are being introduced to the market, providing attractive options for foreign buyers.

Lee Chee Koon, the group CEO of CapitaLand Investment Limited (CLI), has recently been recognized as the ‘Industry Figure of the Year’ for Asia Pacific at the prestigious PERE Global Awards 2024.

CLI, a leading real estate investment firm, was also acknowledged as the runner-up for ‘Firm of the Year’ in Asia Pacific at the annual PERE awards, which honors outstanding firms, individuals and noteworthy deals in the private equity real estate market over the past year.

Unlike previous years where readers voted for the winners, the 2024 awardees were chosen by a panel of PERE journalists.

In a press release on March 4th, CLI stated that Lee’s recognition as CEO was a result of his instrumental role in driving the company’s transformational growth and significant impact on the private real estate industry in the Asia Pacific region.

Under Lee’s leadership since assuming the role of CapitaLand’s group CEO in September 2018, the company has made strategic moves such as the acquisition of Ascendas-Singbridge in 2019 and the recent restructuring of the CapitaLand Group, which involved the listing of CLI and the privatization of its real estate development arm, CapitaLand Development.

As part of its growth initiatives, CLI invested in real estate investment manager SC Capital Partners Group and acquired Wingate Group Holdings’ property and corporate credit investment management business in 2024. The company is on track to manage a total of $200 billion in funds by 2028.

Adapted from: CapitaLand Investment’s CEO named ‘Industry Figure of the Year’ at PERE awards 2024…

Singapore’s condo investment market is not only impacted by location and rental potential, but also by the government’s property cooling measures. These measures, implemented by the Singaporean government, aim to prevent speculative buying and maintain a sustainable housing market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may initially affect the profitability of condo investments, they contribute to the long-term stability of the market, creating a more secure investment environment. With new condo launches constantly being introduced, it is important for investors to consider these measures while weighing their options.

SC Capital Partners Group, a private equity real estate firm based in Singapore, has recently announced the sale of their student accommodation property in Sydney, Australia. According to their press release on March 3, the company was able to sell the asset, which is situated on Anzac Parade and Lorne Avenue in Kensington, at a profitable amount that exceeded its acquisition price and current book value by 19%.

The University of New South Wales (UNSW) in Sydney has acquired the property from SC Capital Partners, who had purchased it in 2016 for A$57 million. The firm had previously been reported to have paid that amount for the asset. The purpose-built student accommodation spans 85,035 square feet and offers 233 beds, alongside a commercial podium on the ground floor. It is conveniently located within 600 meters of the UNSW Kensington Campus.

The student accommodation is currently fully leased to UNSW and in 2019, a fresh 20-year master lease was signed between both parties. This transaction not only serves as a testament to the strong relationship between SC Capital Partners and UNSW, but also reaffirms the high demand for quality student accommodation in Sydney and the steady growth of the education sector in the Australian market.…

City Developments, a company currently embroiled in a legal dispute between executive chairman Kwek Leng Beng and his son, group CEO Sherman Kwek, saw its shares drop 28 cents, or 5.47%, when trading resumed today. The halt in trading was initiated on February 26, when a scheduled results briefing was unexpectedly cancelled and news of the internal feud between the father and son was made public.

In response to the news, CDL released a statement on March 3, stating that the company would not comment on the validity of the allegations made in the media, as they are currently subject to court proceedings. The company also reassured shareholders that its operations remain unaffected and business is continuing as usual. Sherman Kwek also remains the Group CEO until a board resolution is reached.

However, the ongoing dispute has led analysts to downgrade their ratings and target prices for the company. UOB Kay Hian’s Adrian Loh lowered his recommendation for the stock from “buy” to “hold”, citing missed estimates for the FY2024 financials and the overshadowing impact of the public disagreement between the Kwek family members. He also revised his target price down to $4.60 from $7, based on a 2 standard deviation below the company’s five-year average price-to-book ratio of 0.72 times.

DBS Group Research’s Derek Tan and Tabitha Foo, on the other hand, view the dispute as a temporary setback and believe that the company’s fundamentals remain strong, with key management still running the company. They note that CDL is currently trading at an attractive valuation of 0.5 times price-to-book and 0.3 times price-to-revenue-at-net-asset-value (P/RNAV), below the lows seen during the Global Financial Crisis. The analysts maintain their “buy” call but have reduced their target price from $10.50 to $6.70, based on a 60% discount to the company’s RNAV, which is in line with the sector’s average discount of 50%.

OCBC Investment Research also maintains a “buy” call on CDL but has lowered its fair value estimate to $6.02 from $6.57, based on a wider RNAV discount of 60%. They anticipate uncertainties surrounding the company’s outlook and potential overhang on its share price until the issue is resolved.

When it comes to investing in real estate, one of the most important factors to take into consideration is location. This principle is especially relevant in Singapore, where the value of properties is greatly influenced by their location. Condominiums that are situated in prime areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs tend to have a higher appreciation rate. Some examples of these coveted locations include Orchard Road, Marina Bay, and the Central Business District (CBD), which have consistently shown a strong growth in property values over the years. Another factor that adds to the investment potential of these condos is their proximity to reputable schools and educational institutions, making them attractive to families. For those looking to invest in the ever-growing real estate market in Singapore, keeping an eye on new condo launches, such as New Condo Launches, in these prime locations is a wise decision.

Brandon Lee of Citi Research acknowledges the potential negative impact of the ongoing dispute, as seen when the resignation of Leng Peck in October 2020 caused a 20% drop in CDL’s share price over the following two weeks. However, Lee believes that the company is currently underowned by investors and any positive resolution to the dispute would be a significant catalyst for a higher share price in the long term. He maintains a “buy” call and a target price of $9.51, based on CDL’s low valuation of less than a third of its book value.

Finally, JP Morgan analysts Mervin Song and Terence M Khi describe the situation at CDL as a “dynastic discord” that has been brewing for years. They express hope for a positive resolution and a reconciliation among members of the Kwek family, but have reduced their target price from $6.05 to $4.85, based on a 60% discount to their estimated RNAV of $12.10 per share.…

Elite UK REIT, a real estate investment trust (REIT) based in the UK, has recently sold one of its properties, Crown Buildings in Caerphilly, for GBP710,000, a significant return of 18%. In a statement made on March 3, the manager of Elite UK REIT stated that the value of the property was GBP600,000 at the end of 2024, based on an independent valuation conducted by CBRE. The property, located in Wales, was valued at GBP530,000 at the end of 2023. The proceeds from the sale will be used to pay off Elite UK REIT’s outstanding borrowings. According to the REIT’s website, Crown Buildings, Caerphilly has a gross floor area of 20,712 sq ft.

In summary, the prospect of investing in a condominium in Singapore brings with it a multitude of benefits. These include a high demand for properties, the potential for an increase in value, and attractive rental yields. However, it is crucial to take into account various factors, such as location, financing options, government regulations, and market conditions. By thoroughly researching and seeking professional guidance, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local looking to diversify your investment portfolio or a foreign buyer seeking a stable and profitable opportunity, the condominium market in Singapore presents an enticing prospect. With projects such as Singapore Projects available, investors have a wide range of options to choose from in their pursuit of a fruitful investment.

Thanks to the successful GBP28 million preferential offering in January 2024, Elite UK REIT was able to reduce its leverage ratio from 50.0% at the end of 2023 to 43.4% at the end of 2024. Additionally, its net gearing ratio decreased from 47.5% at the end of 2023 to 42.5% at the end of 2024. The REIT also has no debt maturing in 2025 and 2026, and refinancing is not due until 2027.…

Mandarin Gardens recorded the most profitable condo resale transaction during the week of Feb 7 to Feb 14. A 3,800 sq ft, four-bedroom unit at the development fetched $4.88 million, or $1,284 psf, on Feb 11.This transaction sets a new record for the most profitable transaction recorded at Mandarin Gardens, breaking the previous record held by another four-bedroom unit that fetched $4.1 million ($1,336 psf) in September 2021.Upon closer consideration, this sale also generated a profit of $3.83 million (364.8%) for the seller, which is equivalent to an annualised capital gain of 7.4% over 21½ years.Mandarin Gardens is a sprawling 1,006-unit condo located in District 15 along Siglap Road. It spans a total of 17 blocks, each ranging from nine to 23 storeys tall. The apartment units at Mandarin Gardens are varied, with one- to two-bedroom apartments sized from 732 sq ft to 1,001 sq ft and three- to four-bedroom units from 1,528 sq ft to 3,800 sq ft. Eleven strata commercial units can also be found on-site.Read also: Resale unit at Palisades makes record profit of $2.3 milResale prices for units at Mandarin Gardens have largely plateaued since September 2023, when the average resale price for units at the condo surpassed $1,300 psf. According to EdgeProp Singapore’s tools for analysis, prices have since peaked at $1,316 psf in June 2024, before landing at $1,310 psf as of Feb 25.The condo unit that made waves in this transaction is one of 18 four-bedroom units situated within Mandarin Gardens. The last four-bedroom unit to be sold at the condo was also of a similar size – a 3,800 sq ft unit on the ninth floor that fetched $4.26 million ($1,122 psf) in June 2023.Mandarin Gardens sits on a 1.07 million sq ft site along Siglap Road in District 15. It has a 99-year leasehold tenure starting from 1982, with about 56 years remaining. The 1,006-unit condo spans 17 nine- to 23-storey blocks. Residential units at the condo are a mix of one- to two-bedroom apartments from 732 sq ft to 1,001 sq ft and three- to four-bedroom units from 1,528 sq ft to 3,800 sq ft. The project also houses 11 strata commercial units.Meanwhile, the second most profitable resale transaction during the period in review was recorded at Parvis, a freehold condo located along Holland Hill in prime District 10. On Feb 10, a 2,260 sq ft, three-bedroom unit on the second floor of the development was sold for $4.78 million ($2,115 psf).The unit had last changed hands in December 2009 when it was bought from the developers for $2.78 million ($1,230 psf). Therefore, the sellers made a profit of $2 million (71.9%) from the deal or an annualised gain of 3.6% over 15 years.This transaction sets the record for the second most profitable transaction at Parvis. The most profitable sale was recorded in November 2022, when a 2,605 sq ft, four-bedroom unit was sold for $5.4 million ($2,073 psf). Purchased at about $3.21 million ($1,230 psf) in December 2009, this transaction yielded a profit of $2.19 million (68.2%), or an annualised gain of 4.1% over 13 years.Read also: Resale three-bedder at Botanic Gardens Mansion posts record $2.97 mil profitThe most profitable transaction at Parvis was recorded in November 2022, when a 2,605 sq ft, four-bedroom unit was sold for $5.4 million ($2,073 psf).The second most profitable transaction of the review period is the second profitable transaction to take place at Parvis this year. The first profitable transaction took place on Jan 6, when a 2,788 sq ft, four-bedroom unit on the 12th floor was sold for $6.1 million ($2,188 psf). The seller had bought the unit for $4.25 million ($1,524 psf) in 2011, thus raking in a profit of $1.85 million (43.5%) after 14 years. This sale now stands as the fifth most profitable transaction at Parvis to date, which indicates that while the buyers of Parvis units may have seen relatively slow capital gains, the profit potential for resales is still present.Read also: Sold for $3.08 mil: A buyer’s loss at Scotts Square Interestingly, Scotts Square, a mixed-use freehold development located along Scotts Road, also achieved record-breaking in the week of Feb 7 to Feb 14, but not in the most profitable record. Instead, a 947 sq ft two-bedroom unit on the 28th floor was sold for $3.08 million ($3,252 psf) on Feb 13, thus breaking the record as the most unprofitable sale recorded during the week of Feb 7 to Feb 14. This sale also recorded a loss of $745,880 (19.5%) for the sellers. Buyers of Scotts Square units have experienced a price downtrend since the launch in 2007. According to EdgeProp Singapore’s rolling averages, prices peaked at $4,054 psf in July 2007 before falling to a low of $3,330 psf in August 2020. The average price for resale units at Scotts Square last month was $3,398 psf.Developed by Wharf Estates Singapore, Scotts Square is a mixed-use freehold development located along Scotts Road. It achieved its TOP in 2011 with two luxury residential towers of 43 and 34 storeys. In total, 338 apartments and a four-storey retail podium make up this development.Read also: Penthouse at Orchid Mansion on Amber Road fetches record profit of $2.58 milResidential units at Scotts Square are a mix of one- to three-bedroom units from 603 sq ft to 1,249 sq ft. Its variety of amenities include concierge services, a gym, a lap pool and a sky pool on the 35th floor.The most unprofitable transaction recorded between Feb 7 and Feb 14 was the $3.08 million sale of a two-bedroom unit at freehold condo Scotts Square. The unit on the 28th floor at this 947 sq ft space was previously sold for $3.83 million in December 2007. This resulted in a 19.5% loss for the sellers, equivalent to an annualised loss of 1.3% over 17 years.Scotts Square is a mixed-use freehold development located along Scotts Road in the Orchard shopping belt. Completed in 2011, it has two luxury residential towers of 43 and 34 storeys with a total of 338 apartments and a four-storey retail podium.Residential units at the condo contain a mix of one- to three-bedroom units from 603 sq ft to 1,249 sq ft. Amenities at the condo include concierge services, a gym, a lap pool and a sky pool on the 35th floor.

Investing in a condominium in Singapore entails considering condo financing as a crucial aspect. There are numerous mortgage options available, but it is essential to understand the Total Debt Servicing Ratio (TDSR) framework. This framework imposes a limit on the loan amount that a borrower can obtain, considering their income and current debt responsibilities. It is beneficial for investors to be familiar with the TDSR and seek advice from financial experts or mortgage brokers to make informed decisions and avoid excessive borrowing. Condo should be a top priority when considering condo financing in Singapore.…

During a period of February 7-16, the sale of a two-bedroom unit at Hill House, a 999-year leasehold development, achieved a new record of $3,398 per square foot. This surpassed the previous peak of $3,378 per square foot, set just five days earlier on Feb 11. Hill House, a boutique condo located at the top of Institution Hill, off River Valley Road, comprises 72 units and was launched in 2022. It features one-bedroom units of 431 square feet, two-bedroom units ranging from 452 to 624 square feet, and three-bedroom units spanning 753 square feet. As of November 2022, 51.4% of the units at Hill House have been sold at an average price of $3,152 per square foot, with the remaining units set to be completed in 3Q2026. Out of the eight units sold since the start of the year, the most expensive was a three-bedroom apartment of 753 square feet, which sold for $2.39 million on January 5.Located just a five-minute walk away from River Valley Primary School and close to New Bahru lifestyle hub, Hill House is the perfect example of luxury living in prime District 9. The Tresor, a 62-unit development on Duchess Road in District 10, came in second on the list of condos with new record psf-prices. A resale transaction of a 1,421 square foot unit on the fifth floor sold for $3.73 million on Feb 10, setting a new high of $2,625 per square foot. This beats the previous record of $2,501, set in March 2024. This transaction, the first resale in a year for The Tresor, surpasses the previous record of $2,501 set in March 2024. The Tresor, completed in 2007, consists of two-, three-, and four-bedroom units ranging from 990 to 2,896 square feet. Also close to Tan Kah Kee MRT Station, Coronation Shopping Plaza, Serene Centre, Adam Food Centre, and the Singapore Botanic Gardens, The Tresor is a great option for those looking for convenient luxury living. The third spot on the list was taken by Jadescape, where a four-bedroom unit of 1,647 square feet sold for $4.05 million on Feb 7, setting a new record of $2,459 per square foot for the development. This surpassed the previous record of $2,446 set in January. Jadescape, a 99-year leasehold condo completed in 2022, comprises 1,206 units across seven residential towers, with two penthouses of 4,230 square feet. Within walking distance of both Marymount and Sin Ming MRT Stations, as well as Sin Ming Plaza, Jadescape is highly sought after and commands one of the highest average transacted prices among condos within a 1km radius. No new psf-price lows were recorded during the period in review.

When it comes to real estate investments, location is a crucial factor, and this rings especially true in Singapore. The value of condos is greatly influenced by their location, particularly in central areas or near essential amenities like schools, shopping malls, and public transportation hubs. Singapore’s prime locations, including Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values. This is due to their strategic locations and accessibility. Families also consider the proximity to good schools and educational institutions as a top priority when looking for a condo to invest in, making properties in these areas highly desirable. With the constantly growing demand for housing in Singapore, investing in projects such as Singapore Projects is a wise decision for those looking to capitalize on the city-state’s thriving real estate market.…