Category: Uncategorized

Bizarre & regrettable: Why developers keep launching at old condosTwo projects set record new sale benchmarksSHARESGOOGLE+PINTERESTWEIBO

Nassim 9, a luxury development, made headlines recently as it recorded the most profitable private non-landed resale transaction during the period of Feb 4 to Feb 7. The transaction involved a 2,486 sq ft, four-bedroom unit located on the third floor, which changed hands for $7.5 million, equating to $3,016 psf on Feb 7.

According to the URA caveats, the seller had previously purchased the unit for $4.12 million ($1,641 psf) in December 2005. This translates to a profit of $3.42 million, or 83.8% of their original purchase price. The annualised gain over the span of 19 years amounts to 3.2%.

The sale at Nassim 9 is the third-most profitable resale transaction to date. The current record was set in March 2023 when a larger four-bedroom unit spanning 2,756 sq ft was sold for $9.5 million ($3,448 psf). The unit was initially purchased for $4.12 million ($1,495 psf) in December 2005, resulting in a profit of $5.38 million (130.6%), or an annualised gain of 5% over 17 years.

It is crucial for international investors to familiarize themselves with the regulations and limitations surrounding property ownership in Singapore. While purchasing condos is generally less restrictive for foreigners compared to landed properties, the latter is subject to stricter ownership rules. However, foreign buyers must still pay the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their first property purchase. Despite this extra expense, the stable and promising growth of the Singapore real estate market continues to draw in foreign investment. If you are considering investing in Singapore Condo, it is essential to thoroughly understand the regulations and costs involved.

Prior to the unit sold on Feb 7, the last recorded transaction at Nassim 9 was in March 2023, when a 3,251 sq ft, four-bedroom unit was sold for $10.3 million ($3,169 psf). This generated a profit of $3.3 million.

Nassim 9 is a boutique condo consisting of only eight units, located along Nassim Road in prime District 10. Completed in 2002, the four-storey development offers four-bedroom units ranging from 2,756 to 3,423 sq ft.

In another notable transaction, a triplex penthouse unit at Mount Faber Lodge, a freehold development in District 4, was sold for $5 million ($1,350 psf) on Feb 5. The unit was previously purchased for $1.6 million in August 2001, resulting in a profit of $3.4 million (212.5%), or an annualised gain of 5% over 23½ years.

This transaction is the most profitable deal to date at Mount Faber Lodge, surpassing the previous record set by a three-bedroom unit spanning 2,669 sq ft, sold in October 2022 for $3.89 million ($1,457 psf). This unit was purchased for $1.3 million ($487 psf) in January 2006, translating to a profit of $2.59 million (199.2%).

Completed in 1983, Mount Faber Lodge is a boutique freehold development with a total of 84 units. The studio units span 1,098 sq ft, while the two- and three-bedroom units range from 1,173 to 2,454 sq ft. The development also features 20 five-bedroom triplex penthouses ranging from 3,703 to 3,724 sq ft.

The third most profitable transaction during the period was the sale of a three-bedroom unit at Amaryllis Ville, a 99-year leasehold condo in District 11, on Feb 5. The unit, located on the 28th floor and spanning 1,238 sq ft, was sold for $2.65 million ($2,141 psf). The seller had previously purchased it for $1.09 million, resulting in a profit of $1.56 million (142.2%), or an annualised gain of 4.6% over 19½ years.

This transaction is the third-most profitable at Amaryllis Ville, with the record being held by a 1,991 sq ft, three-bedroom unit on the 17th floor, sold for $3.75 million ($1,885 psf) in September 2023. The unit was initially purchased for $1.95 million ($979 psf) in June 2009, resulting in a profit of $1.8 million (92.5%), or an annualised gain of 4.7% over 14 years.

According to resale data compiled by EdgeProp Singapore, resale prices at Amaryllis Ville have been on a steady increase in recent years. In February 2023, the average price hit $1,897 psf, before rising further to $2,001 psf in February 2024. As of last month, the average price reached $2,082 psf, representing a 4% year-on-year increase.

Amaryllis Ville is a 311-unit condo located along Newton Road, completed in 2004. The development offers a mix of one- and two-bedroom units ranging from 657 to 1,378 sq ft, as well as three-bedroom units from 958 to 2,637 sq ft. Nearby condos include Rochelle at Newton, a 129-unit development located along Keng Lee Road, and Kopar at Newton, a 378-unit development along Makeway Avenue.

During the period in review, there were no unprofitable transactions recorded.…

When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the 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 near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of the rental potential of a specific condo, conducting thorough market research and consulting with real estate agents can be highly beneficial. Additionally, exploring Singapore Projects can provide valuable insights into the rental market and potentially aid in making an informed investment decision.

In the week of Feb 1 to 7, 8M Residences has topped the list of private condos to hit a new psf-price peak. The freehold development achieved a new high of $2,384 psf when a two-bedroom unit was sold for $1.54 million on Feb 3. The sale marks the first time a unit at 8M Residences was sold for more than $2,300 psf, surpassing the previous peak of $2,261 psf set in April 2023. Another transaction also surpassed the April 2023 record, with a one-bedroom unit sold for $1.2 million ($2,275 psf) on Feb 3.8M Residences has seen a consistent rise in resale prices over the last few years, with the average price increasing by 7.3% from $2,028 psf in February 2022 to $2,177 in February 2025. Completed in 2017, the 20-storey residential tower has a mix of one- to three-bedroom units, as well as four penthouses. It is located close to various amenities such as international schools and MRT stations.Meanwhile, the sale of a three-bedroom unit at Kovan Jewel, a freehold development in District 19, took second place on the list of condos that achieved a psf-price high. The unit on the second floor was sold for $2.41 million ($2,236 psf) on Feb 7, surpassing the previous peak set in August 2024 when a similar unit on the fourth floor was sold for $2.4 million ($2,228 psf). Completed last year, Kovan Jewel has 34 units ranging from one- to four-bedroom units.Oleanas Residence, a freehold condo in District 9, came in third on the list with a unit sold for $2.52 million ($2,207 psf) on Feb 3. The previous peak at the condo was $2,157 psf, set in August 2022. Completed in 1999, the condo has recorded just four resale transactions in the last three years, with prices ranging from $2.4 million ($2,103 psf) for a three-bedroom unit to $3.3 million ($2,129 psf) for a four-bedroom unit. Oleanas Residence is within walking distance of two MRT Stations and various schools in its vicinity.…

.

The allure of investing in a condominium in Singapore has greatly increased, attracting both local and international investors. This can be attributed to the country’s robust economy, stable political landscape, and high-quality of life. Among the various investment opportunities in Singapore’s real estate market, condominiums stand out for their convenience, lavish amenities, and potential for attractive returns. With the constant unveiling of new condo launches, there couldn’t be a more favorable time to explore the benefits, key considerations, and necessary steps involved in investing in a promising Singapore condominium. Check out New Condo Launches for the latest options.

Heeton Holdings Limited has reported a significant increase of 221% in earnings for the second half of the financial year ended December 31, 2024, with profits reaching $3.85 million. Despite this positive performance, the group remains unprofitable for the full financial year of 2024.During this period, the group generated earnings per share of 0.79 cents for the second half, while for the full year, earnings per share were at a negative 0.28 cents.Driven by the growth in the rental income of its investment properties, hotel operations, and management fees, Heeton’s revenue for the second half of FY2024 increased by 10.5% year-on-year, reaching $41.1 million. For the full financial year, the group’s revenue also grew by 15.2% year-on-year to $78.2 million. The increase in revenue was mainly due to higher occupancies in the United Kingdom and a rise in rental rates for the group’s investment properties.In 2024, the group divested some of its subsidiaries, including its stake of 70% in Gloucester Corinium Avenue Hotel Limited and Ensco 1154 Limited, resulting in a net gain of $3.78 million. Heeton’s property, plant, and equipment, which mainly consist of hotel properties, also increased by $16.92 million due to the acquisition of a hotel in Edinburgh, United Kingdom. However, this was offset by depreciation charges and the disposal of hotels in Japan and the United Kingdom, as well as the appreciation of Pound Sterling and reversal of impairment changes.With regards to cash flow, the group experienced a decrease in cash and cash equivalents of $32.70 million. This was attributed to significant cash inflows and outflows, such as the proceeds from the disposal of property, plant and equipment and subsidiaries, as well as net repayment of loans from associated and joint venture companies, addition to property, plant and equipment, and restricted cash pledge for bank facility.Heeton acknowledges the current uncertainties in the Singapore economic outlook and an uncertain geopolitical landscape under Trump’s administration. As such, the group will remain prudent in its strategic expansion approach.In the midst of a challenging hospitality market, with high operating and labour costs, elevated interest rates, and an uncertain macroeconomic environment, Heeton will continue to leverage its strength as a bespoke boutique brand that offers exceptional and experiential stays for guests. The group also plans to participate in land tenders, especially for government housing schemes, as part of a consortium. Furthermore, its two retail malls are expected to generate steady and recurring income for its property investment business.A final dividend of 0.5 cents per share has been declared for the current financial year. Heeton’s shares closed lower at 27 cents on Feb 20.…

Renowned Singaporean entrepreneur and boutique property developer Que Neo, of Euro Properties, is passionate about creating residential projects in his desired living area. His latest venture, K Suites, developed by subsidiary EG Properties, is a 19-unit apartment block situated along Lorong K Telok Kurau in District 15, the sought-after East Coast region. The project is set to receive its temporary occupation permit (TOP) in the first quarter of 2025.

The key highlight of K Suites is its prime location, offering convenient access to the beach, East Coast Park, shopping centers, the Central Business District (CBD), and Changi Airport. Neo states, “With the East Coast Parkway and Pan-Island Expressway, the airport is just a 10-minute drive away, and downtown is just 10 minutes away.”

The development also enjoys close proximity to public transport, making it easily accessible for residents. The nearest bus stop is less than 50 meters away, with just two stops to reach the nearest MRT stations: Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL). Eunos Station is also just one stop away from the Paya Lebar Interchange (for the EWL and Circle Line) and five stops from the Bugis Interchange (for the EWL and Downtown Line). Similarly, Marine Parade Station is only five stops from the Marina Bay Interchange (for the TEL, North-South, and Circle Lines) and six stops from Shenton Way in the CBD. The TEL provides direct train access to Orchard Road and Woodlands North, which is also the Rapid Transit System (RTS) Station connecting Singapore to the Bukit Chagar Station in Johor Bahru.

Furthermore, the location boasts excellent education opportunities, with the project located within 1km of popular primary schools including Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary. Secondary schools such as Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School are also located nearby. Additionally, PCF Sparkletots @ Joo Chiat, a renowned preschool among families with young children, is just two doors away from K Suites.

Designed by JGP Architecture, K Suites boasts a sleek and contemporary design with its curtain wall system and glass exterior, allowing for natural light and unobstructed views of the surrounding neighborhood. The apartments feature regular layouts with ceiling heights of 3.5m to 4.5m, while the penthouses have a generous ceiling height of 7m. The absence of bay windows and wasted corridors makes the interiors more spacious and efficient. The units also feature top-of-the-line German brand fittings, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings.

Residents of K Suites can enjoy a wide range of facilities, including a swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The project also features a grand arrival and drop-off area, with a surface carpark that can accommodate 16 cars and two electric vehicle charging stations.

Since the project was previewed in September 2022, the first phase of 10 units has been sold out as of Feb 2, with the buyers being mainly Singaporean professionals, including doctors, lawyers, and corporate executives, according to Neo. The development offers a mix of three-bedroom units ranging from 797 to 872 sq ft and four-bedroom units ranging from 1,076 to 1,130 sq ft. The largest units at K Suites are the five-bedroom penthouses, with only four units available, of which three have already been sold. These units have been popular among large families, with one unit sold to a family with four children, giving each child their own bedroom.

Neo notes that most buyers are upgraders, looking for a freehold property in the prime District 15 location. Some buyers also prefer to downsize from a house to an apartment, with a preference for units on the ground floor, which overlook the landscaped garden and facilities and have a ceiling height of 4.5m.

K Suites has been highly anticipated in the market, with the latest transaction being for an 872 sq ft, three-bedroom unit on the fourth floor, which was sold for $2.13 million ($2,443 psf) in November. As Neo states, “K Suites is the most affordable new freehold project in District 15.” With the project’s expected TOP and the current positive market sentiment, developer Euro Properties is releasing the remaining units in the development, with prices starting from $2.058 million ($2,582 psf) for three-bedroom units and $2.525 million ($2,347 psf) for four-bedroom units. The sole five-bedroom penthouse is priced at $3.5 million ($2,154 psf).

Huttons Data Analytics has also noted a significant appreciation in prices for selected boutique developments in District, with a 234.2% increase in prices since the January 2002 launch of the 127-unit Malvern Springs. Rental rates in the area have also risen by 76.5% in the past five years, from January 2020 to December 2024, for boutique condos in Telok Kurau and Joo Chiat. Overall, K Suites presents an excellent opportunity for buyers and investors seeking a freehold property in District 15, with its desirable location, efficient layout, and quality materials.

When it comes to investing in a condo, financing is a crucial factor to consider. Fortunately, Singapore has a variety of mortgage options available. However, it is important to take note of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take, based on their income and existing debt obligations. To ensure that you make well-informed decisions about your financing, it is advisable to work with financial advisors or mortgage brokers who can guide you through the process. By understanding the TDSR and seeking expert advice, investors can avoid over-leveraging themselves. This is especially important when investing in Singapore Projects.…

Private housing rents have experienced a modest rebound in the fourth quarter of 2024, with a 0.2% increase quarter-on-quarter towards the end of last year. However, landlords must be prepared for rental growth to be stagnant this year, as reported by Savills Singapore.According to the market report, the non-landed private residential market saw poor performance in the first three quarters of 2024, resulting in a 1.7% drop in rents for the entire year. This year-on-year decline is the first since 2020 when the leasing market encountered a 0.5% drop.With 19,733 leasing transactions in the final quarter of 2024, a quarterly decline of 24.2% was recorded. Savills explained that this could be attributed to a decrease in net new rental demand as the number of employment pass (EP) and S pass holders dropped last year, coupled with a year-end seasonal lull in rental activity.According to Savills, the bulk of the drop in leasing activity in the final quarter was due to a reduction of 30.8% quarter-on-quarter in rental contracts for landed properties across the island. Leasing volumes for apartments and condominiums also saw a 23.7% quarterly decrease over the same period.Managing director of Livethere Residential at Savills Singapore, George Tan, said, “Despite the decrease in leasing activity in the final quarter of 2024, there is still some growth in rental demand. Rents in the private residential market have also stabilized.”He added that relatively more affordable rents can be found in suburban areas, allowing tenants to prioritize lifestyle options such as more spacious units, connectivity to MRT stations, malls, and recreational activities.According to rental data compiled by Savills, the 1,399-unit Parc Esta development in District 14 recorded the highest number of condo leasing deals in the final quarter of 2024. The project saw 163 rental transactions at a median rent of $6.84 per square foot per month (psf pm).Other developments with high leasing activity include Marina One Residences (126 transactions at $6.62 psf pm), The Sail @ Marina Bay (126 transactions at $6.72 psf pm), Normanton Park (120 transactions at $6.26 psf pm), and D’Leedon (107 transactions at $5.43 psf pm).In terms of rental price growth, the Outside Central Region (OCR) was the only region to experience a decline in average rents in the final quarter of 2024, with a 0.8% quarter-on-quarter drop. In contrast, rents in the Core Central Region (CCR) and Rest of Central Region (RCR) saw growth of 0.9% and 0.3% quarter-on-quarter, respectively.Savills explained that the drop in rent prices in the OCR could be due to more tenants in suburban areas opting to shift to more central neighborhoods, driven by relatively more reasonable rents.By tracking a basket of luxury properties, Savills found that the average monthly rent for high-end condos increased 1.7% quarter-on-quarter in the final quarter of 2024 to $5.85 psf pm. This suggests that the luxury rental market may experience a slight rebound following a consistent decline over the preceding five quarters.According to executive director of research and consultancy at Savills Singapore, Alan Cheong, landlords can expect headwinds in the rental market as companies continue to reduce headcounts and hire fewer expatriates. He added that landlords also face higher property taxes for non-owner-occupied residential properties, as well as increased conservancy charges due to upward inflationary pressures.However, Cheong went on to say that the tight supply of large luxury properties on the rental market could help landlords resist underpriced rental offers. He added, “Although rents for non-landed private residential properties turned the corner in the third quarter of 2024 and continued rising in the final quarter of 2024, we anticipate challenges in the rental market in 2025.”Cheong explained that the widespread adoption of AI may reduce overall manpower requirements for some high-tech firms, which could result in companies continuing to reduce hiring of white-collar professionals. This may decrease the pool of expat tenants in Singapore.The saving grace for the rental market is that fewer new completions of private homes are expected in 2025, according to Cheong. He said that higher property taxes on investment properties would turn landlords away from accepting low-ball rental rates. He also expects interest rates to take longer to fall, meaning mortgage payments will remain at current levels for longer.

Investing in a Singapore condo has many advantages, one of which is the potential for capital appreciation. With its strategic location as a global business hub and strong economic foundations, Singapore has a constant demand for real estate. This has led to a consistent increase in property prices, particularly in prime locations where condos have seen significant appreciation over the years. By investing in the right property at the right time and holding onto it for the long term, investors can enjoy considerable capital gains in the thriving Singapore market.…

CBRE is the sole marketing agent for the 27-room Hotel Clover at 7 Hongkong Street, which is currently on the market for $27 million. They are also responsible for marketing the sale of a commercial building located at 36 Hongkong Street for a guide price of $22.6 million.The boutique hotel spans six storeys and occupies a 1,701 sq ft plot that is zoned as a “hotel” under the current Master Plan, with a plot ratio of 4.2. The site, which is 99-year leasehold, still has around 89 years left in its tenure. The total floor area of the hotel is 7,142 sq ft, which equates to a price of $3,780 per sq ft.On the other hand, the commercial building at 36 Hongkong Street rises five storeys and sits on a 1,733 sq ft plot, which is zoned as “commercial” with a plot ratio of 4.2 under the current Master Plan. The site also has a 99-year leasehold tenure, with around 93 years remaining. The building has a total floor area of 7,279 sq ft and is being offered for a guide price of $3,105 per sq ft. It is currently fully leased out to a bridal shop on the ground floor and offices on the upper floors.Read also: CBRE names new COO for Asia PacificAdvertisementAdvertisementAccording to Clemence Lee, the executive director of capital markets at CBRE Singapore, both properties have a more attractive remaining land tenure in comparison to similar 99-year leasehold properties currently available for sale in the CBD area. These properties would also be suitable for owner-occupiers who are looking for a flagship asset at a reasonable price with the potential for naming rights for their exclusive operations. Additionally, as both buildings are classified as hotel and commercial properties, foreigners and companies are allowed to purchase without incurring Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD).The properties are located in Clarke Quay, an established riverfront lifestyle hub with a variety of popular restaurants, bars, boutique hotels, and fitness studios. They are also just a short walk away from Clarke Quay MRT Station, which is on the North-East Line. Lee also notes that the nearby CQ@Clarke Quay has recently undergone a $62 million enhancement project, and the upcoming completion of two new large-scale integrated developments, Canninghill Piers and Union Square, will further enhance the vibrancy of the area. He adds that both properties offer excellent potential for future rental growth and capital appreciation in the medium to long term.Both assets are on sale through an expression of interest exercise, with a deadline of March 26. Interested parties can find the latest listings for Commercial Real Estate properties at CBRE or by visiting the dedicated page for Commercial vs Industrial properties on our website. Additionally, we offer price trends for commercial property sales, past commercial rental transactions, as well as a comparison of price trends for commercial vs industrial properties.

.

Investing in a condo in Singapore offers many benefits, one of which is the potential for capital appreciation. With its advantageous position as a major business hub and stable economic foundations, Singapore continues to attract a constant demand for real estate. Throughout the years, the prices of properties in Singapore have consistently increased, particularly in prime locations where condos have experienced significant appreciation. By investing in the market at the opportune time and maintaining ownership of the property for an extended period, investors can reap significant capital gains. To further explore the potential of investing in condos, it is worth considering the various new condo launches in the market.…

Click the link below to download the EdgeProp app for free!

New Property Cooling Measures and HDB Resale Market Among Top Discussion Points at EdgeProp’s Property Market Outlook Event

The property market in Singapore is at a pivotal point with the possibility of new cooling measures, incoming housing supply from government land sale (GLS) sites and Build-To-Order (BTO) launches, as well as the impact of Budget 2025 announcements. These topics were the main points of discussion at EdgeProp Singapore’s Property Market Outlook event held on Sunday, Feb 16.

A panel of industry experts, including Alan Cheong, executive director of research and consultancy at Savills Singapore; Wong Xian Yang, head of research, Singapore and Southeast Asia at Cushman & Wakefield; and, Song Seng Wun, Singapore economic advisor at CGS International, shared their insights on the current market conditions. The panel discussion was moderated by EdgeProp Singapore CEO Bernard Tong.

The event was held at Elta sales gallery, the upcoming 501-unit project jointly developed by MCL Land and CSC Land Group. The sales gallery opened for public preview on Feb 7.

Highlights of the discussion

In January, the government indicated that it was “not adverse” to implementing more property cooling measures and that it was not yet time to roll back on existing measures. Developers sold 1,083 new private residential units (excluding executive condos) last month, a 256% increase compared to the same period in the previous year.

If new cooling measures are implemented, they are likely to apply uniformly across the residential market, says Cheong. The panel discussed the possibility that new measures could also target the HDB resale market.

According to Wong, the HDB resale market serves as the “floor” of the housing market in Singapore, and a surge in price growth there will add upward pressure on prices in the private housing segment. He adds that the government may consider adjusting the seller’s stamp duty (SSD) and introduce tougher loan restrictions to cool the market.

On the other hand, Tong mentioned that the government intends to inject a strong pipeline of GLS and BTO supply into the market to meet housing demand. The 1H2025 GLS programme consists of 10 sites on the Confirmed List, which could potentially yield 5,000 new homes, and HDB plans to offer 19,600 BTO flats in 2025.

Under the new BTO classification, newly launched Prime and Plus BTO flats will take about 14 years to enter the resale market, and the impact from these developments on prices will only be felt much later on, says Cheong. Wong adds that prices in the resale market tend to follow project completions and HDB estates completing their minimum occupation period (MOP), rather than the pipeline of GLS sites up for tender each year. “In terms of prices, project completions, rather than GLS supply, are more likely to affect prices,” says Wong.

However, all three panelists acknowledge that the successes in the new launch market indicate strong buyer confidence for projects hitting the market this year. Elta drew about 4,500 visitors during the first three days it was open to the public. Other new launches so far this year include The Orie and Bagnall Haus, which experienced strong selling rates of 86% and 63% at launch, respectively.

Outcomes of Budget 2025 and its potential impact on the property market

The panel also discussed Budget 2025 and its potential influence on the property market this year. According to Song, Singapore has experienced a relatively strong economic recovery since the Covid-19 pandemic-induced recession. With 2025 being an election year, he believes that Singaporeans can anticipate more handouts financed by government surpluses resulting from healthy government revenue collections in the past three years.

The panel also fielded questions from the audience. Some participants questioned if the residential property market is currently in a “euphoric” phase.

Cheong commented that the sense of market exuberance will likely subside as developers strategically time the launch of new projects. He adds that several launch-ready projects are located in neighbourhoods that have not seen a new launch in several years. “If a specific location does not see a new launch in around five or six years, demand tends to build up over that time,” he says.

Investors also enquired about the rental market this year, which has slowed since its peak two years ago. According to Cheong, market data indicates that while the total number of expatriates in Singapore has decreased over the past year, 2024 saw an uptick in the volume of rental transactions. He adds that declining rents likely motivated some renters to stop flat-sharing and to find their own accommodation. However, this was offset by layoffs in technology and finance companies this year, which will likely slow down rental price growth.

At the event, a session of EdgeProp’s Master Plan Master Class was presented by Tong, who covered upcoming transformation plans in Clementi and Jurong East.

He noted that the completion of the second phase of the Cross Island Line (CRL) will extend the MRT network and create new interchange stations. “Historically, MRT interchanges tend to have a positive impact on surrounding property prices,” says Tong.

Transformation plans in Clementi include the redevelopment of Clementi Stadium and the installation of more than 6.6km of cycling paths throughout the area. Housing demand in Clementi is also expected to benefit from the progressive development of the Jurong Lake District, and the new opportunities being created in the nearby Tuas megaport, Tuas Biomedical Park, Jurong Island, and Jurong Innovation District.

Data assembled by EdgeProp Singapore shows that the average age of existing condos in Clementi is approximately 17 years. Tong observes that recent new projects in Clementi have reaped strong capital gains over the years. This includes Clavon (24% appreciation since launch) and The Clement Canopy (43% price growth since launch) — both projects are adjacent to Elta.

EdgeProp Singapore has a suite of property tools that can help owners, buyers, and sellers understand market trends and pricing. These tools include HDB resale prices, analytics of profitable transactions, and information on upcoming GLS sites. Check out the latest listings for Elta properties on EdgeProp.

There are several significant benefits to consider when investing in a condominium in Singapore, with one of the most notable being the potential for capital appreciation. This is largely due to Singapore’s advantageous position as a global business hub, combined with its robust economic stability, which consistently drives a high demand for real estate. As a result, the property market in Singapore has witnessed a consistent growth in prices, particularly in prime locations where condos are highly sought after. Investors who strategically enter the market and hold onto their condos for an extended period can reap significant profits through capital gains. The addition of a condo can further amplify these potential gains.…

According to a press release on February 19, The Collective, a luxurious brand owned by JustCo, has unveiled its first flagship co-working space in Tokyo. The space spans an impressive 24,000 square feet and is located in the GranTokyo South Tower, a towering 42-storey building in the prominent Marunouchi district of Chiyoda City. The building is conveniently situated near Tokyo Station, providing easy access to both Narita and Haneda airports.

The Collective takes inspiration from Tokyo Station and aims to offer a refined and comfortable workspace for its members. “We wanted to create a workspace that reflects the sophistication and warmth of a luxury voyage,” says the group.

Apart from the traditional hot desk area and meeting rooms, The Collective also provides private suites and larger enterprise suites with exclusive entrances and custom-designed workspaces. Each workspace is furnished with Herman Miller Aeron chairs and Benel adjustable desks, ensuring comfort and ergonomics for its members.

Understanding the rules and restrictions that govern property ownership in Singapore is crucial for foreign investors. Unlike landed properties, which have stricter regulations, foreigners are generally permitted to purchase condos with fewer restrictions. However, it’s important to note that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this added expense, the Singapore real estate market remains a sought-after destination for foreign investment due to its stability and potential for growth. This is why many investors choose to invest in a Singapore Condo.

For added convenience and relaxation, The Collective also features a TWG Tea Bar that serves refreshments throughout the day, as well as a “wellness sanctuary” where members can take a break from work. With these amenities, The Collective aims to offer a holistic and productive work environment for its members.…

The decision to invest in a condo in Singapore has become increasingly popular among both local and foreign investors in recent years. This is largely due to the country’s thriving economy, stable political climate, and exceptional quality of life. With a plethora of opportunities available in Singapore’s real estate market, condos have emerged as a standout choice due to their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and necessary steps when investing in a condo in Singapore, highlighting notable Singapore Projects along the way.

Chiu Teng Group, a renowned developer of quality commercial and industrial spaces in Singapore, has launched its latest project, CT Pemimpin. This freehold B1 industrial factory is strategically located at 43 Jalan Pemimpin in the Central Region, making it an ideal location for companies and property investors.

Positioned in the heart of Singapore’s District 20, CT Pemimpin offers excellent accessibility and is a rare permanent investment option. The nine-storey development features communal facilities such as two rooftop pavilions, rooftop solar panels, two passenger lifts and a service lift. It comprises 56 strata-titled units and three canteen units, with floor heights ranging from 5.6m to 7.35m. Selected units also have mezzanine floors on levels one and five, and individual units are equipped with toilets for convenience and privacy.

CT Pemimpin also boasts a generous one-to-one carpark ratio with 59 carpark lots, including two EV lots, as well as two loading and unloading bays and a lorry park for rigid-frame vehicles of less than 7.5m.

According to ERA Singapore CEO Marcus Chu, CT Pemimpin will be attractive to both investors and end-users. As there is no Additional Buyer’s Stamp Duty (ABSD) payable on industrial properties, it provides an excellent risk diversification option for investors. For end-users, especially business owners, owning their own space is more desirable than renting, and a rare centrally located freehold development like CT Pemimpin adds to its appeal.

SRI managing partner Ken Low believes that CT Pemimpin’s sleek modern facade and central location will appeal to a wider group of investors and end-users compared to traditional B1 industrial properties in the market. It is situated just a five-minute walk from Marymount MRT station and a 13-minute walk from Bishan sub-regional centre, making it an attractive option for young entrepreneurs and their staff. Additionally, the last freehold industrial development in this locale was more than a decade ago, making CT Pemimpin a rare find with a proven track record of profitability and rental rates.

The freehold status of CT Pemimpin adds to its appeal, as most industrial developments in the current market only offer a 30-year or 60-year lease. This unique feature will also attract discerning investors, such as family offices, who prefer freehold developments for investment and companies in the information and communications media industry looking for clean B1 spaces.

Furthermore, unlike residential properties, commercial and industrial properties do not incur ABSD for buyers, making them attractive to both investors and eligible foreigners.

CT Pemimpin’s strategic location also offers unparalleled connectivity and accessibility to all parts of Singapore via public and private transport. It is only a five-minute walk from Marymount MRT station (Circle MRT Line) and a five-minute drive from Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line). The proximity to major expressways such as PIE and CTE also makes it easy to reach by car. The completion of the North-South Corridor, with dedicated bus and cycling lanes, from 2027 will further reduce travel time from the north into the city.

Surrounded by vibrant townships like Bishan, Upper Thomson, and Ang Mo Kio, CT Pemimpin provides a diverse range of retail and dining options at popular shopping destinations like Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. Families with school-going children will also find it convenient as various reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College are located nearby.

Chiu Teng Group has established itself as a reliable property developer and builder since its inception in 1999, with a large portfolio of industrial projects like CT FoodNEX, CT Foodchain, Tagore8, CT Hub, and CT Hub 2, as well as residential developments like The Creek@Bukit. The preview of CT Pemimpin will start on February 21, 2025, and interested buyers can call 8100 8017 or visit Chiu Teng Group’s website to arrange a viewing of this rare freehold industrial space.…

Lentor Central Residences, a 477-unit development located in Lentor Hills, will be open for viewing on February 21 and is expected to begin sales on March 8. This highly anticipated project, which is the sixth new launch in the area, is a joint venture between Hong Leong Holdings, GuocoLand and CSC Land.

When evaluating a potential condo investment, it is crucial to also consider the projected rental yield. Rental yield refers to the amount of annual rental income as a percentage of the condo’s purchase price. In Singapore, rental yields for condos can greatly vary depending on factors such as location, condition of the property, and market demand. Locations with high demand for rentals, such as those near business districts or educational institutions, typically offer more attractive rental yields. To gain a better understanding of the rental potential for a specific condo, thorough market research and consultation with trusted real estate agents is recommended. Additionally, looking into Singapore Projects can provide valuable insights into potential rental opportunities.

The two high-rise residential blocks, one standing at 27 storeys and the other at 28 storeys, will offer an array of one to four-bedroom units ranging from 463 sq ft to 1,399 sq ft. Interested buyers can find the latest information on available units and prices for Lentor Central Residences.

According to the developers, one-bedroom units will be priced at $975,000 ($2,110 psf) and two-bedroom units will start at $1.38 million ($2,050 psf). Meanwhile, three-bedroom units will begin at $1.81 million ($1,984 psf) and four-bedroom units at $2.37 million ($2,000 psf).

The project boasts a plethora of amenities for residents to enjoy, including a 50-metre Infinity Edge Pool, 25-metre Lap Pool and Leisure Pools. Betsy Chng, Head of Sales and Marketing at Hong Leong Holdings, highlights the convenience of the development’s location, as it is just a short walk from the Lentor MRT Station and the Thomson-East Coast Line, providing easy access to the city centre.

Lentor Central Residences is also in close proximity to a variety of retail and dining options, including Lentor Modern, an integrated project by GuocoLand, Thomson Plaza and the numerous eateries along Upper Thomson Road and Springleaf Estate.

Chng adds, “We believe the new Lentor Hills area is primed for significant growth and has potential to become one of Singapore’s most sought-after districts for homebuyers. Together with our partners, we are proud to bring to life our vision for premium homes set at an affordable price, with units based and priced on liveable space.”

In addition to the residential blocks, the development will also have a childcare centre and family-friendly amenities such as a children’s playground, resident’s clubhouse, a 50m infinity edge swimming pool, gym and yoga room, and a tennis court. The sales gallery is located on Lentor Hills Road.

Interested buyers can also use Ask Buddy to find out more about Lentor Central Residences, compare condo sale transactions and rental listings in District 26, and get a summary of the total number of units in this development.…