Between Nov 19 and Nov 22, freehold condo Gallop Gables made headlines with a new psf-price high of $2,299 psf. A 2,669 sq ft four-bedroom unit on the second floor was sold for $6.14 million on Nov 20, making a gain of $1.64 million for the seller who bought the unit for $4.5 million in July 2017. This transaction beats the previous high of $2,108 psf set in February this year. Another freehold condo, Sims Edge, also made a new record of $1,907 psf during the period in review. A one-bedroom unit on the 13th floor sold for $780,000 on Nov 22, making a profit of $116,193 for the seller who bought it for $663,807 in April 2019. The scala, a 99-year leasehold condo in District 19, also achieved a new psf-price record of $2,064 psf from the sale of a 1,259 sq ft four-bedroom unit on the 12th floor for $2.6 million on Nov 20. Before this, the condo’s psf-price high was $1,969 psf. Overall, no new psf-price lows were recorded during the period in review. Property Hunter can help you with this request. Just hit “Ask Buddy” on https://www.edgeprop.sg/property-asking-buddy/shopping-for-you

According to recent data, Gallop Gables, a freehold condo located on Farrer Road in District 10, has topped the list of condos with new per square foot (psf) price highs for the period of November 19 to 22. A unit on the second floor, measuring 2,669 sq ft and boasting four bedrooms, sold for $6.14 million on November 20, setting a record of $2,299 psf. This is a significant increase from the previous high of $2,108 psf, which was achieved in February of this year. The seller, who purchased the unit for $4.5 million ($1,686 psf) in July 2017, made a profit of $1.64 million on the sale.

In second place is The Scala, a 99-year leasehold condo in District 19, which saw a new psf-price high of $2,064 psf from the sale of a 1,259 sq ft four-bedroom unit on the 12th floor for $2.6 million on November 20. The seller, who bought the unit for $1.66 million ($1,318 psf) in October 2012, made a profit of $940,000.

Sims Edge, another freehold condo, topped off the list with a new record of $1,907 psf from the sale of a 409 sq ft one-bedroom unit on the 13th floor for $780,000 on November 22. The seller, who bought the unit for $663,807 ($1,623 psf) in April 2019, made a profit of $116,193.

The scarcity of land in Singapore is a crucial factor contributing to the high demand for condos in the country. As a small island with a booming population, Singapore struggles with limited space for development. As a result, strict land use regulations and a fiercely competitive real estate market have caused property prices to soar. This has made investing in real estate, specifically condos, a highly attractive option due to the potential for significant capital appreciation. Condos have become a sought-after investment due to the limited availability of land in Singapore.

No new psf-price lows were recorded during the period in review.…

Bungalow at Kingsmead Road sold for $7.5 mil gainEditorial TeamHere is the rewritten article:

During the week of November 19 to 26, the most profitable condo resale transaction was the sale of a four-bedroom unit measuring 2,885 sq ft at Ardmore Park. The 14th-floor unit changed hands for $11.25 million, equivalent to $3,900 per square foot (psf) on November 22. The seller had previously purchased the unit in September 2016 for $8.2 million, or $2,843 psf. This resulted in a substantial profit of $3.05 million, reflecting a capital gain of 37%, or an annualized return of 4.6% over a holding period of approximately eight years.

This deal comes just two months after another unit with the same size and number of bedrooms on the 23rd floor was sold for $12.7 million, or $4,402 psf, on October 1. The seller of that unit had bought it in September 2010 for $9.7 million, which translates to a gain of $3 million on the sale. This represents a capital gain of 30.9%.

Ardmore Park is a freehold condo located in prime District 10, in the prestigious Ardmore Park area. Completed in 2001, the luxury condo has three 30-storey towers and a total of 330 units. The typical units at the condo are four-bedroom apartments measuring 2,885 sq ft, but it also has six 8,740 sq ft duplex penthouses.

In addition to the units sold on November 22 and October 1, there have been four other profitable resale transactions at Ardmore Park this year. All of these units were four-bedroom apartments measuring 2,885 sq ft and were sold for prices ranging from $4,108 psf to $4,472 psf. The sellers made profits ranging from $2.65 million to $7.07 million.

The second most profitable condo resale deal during the week was the sale of a four-bedroom unit at Goldenhill Park Condominium. The 1,539 sq ft unit on the 16th floor changed hands for $3.43 million ($2,228 psf) on Nov 21. The seller, who had purchased the unit from the developer in May 2001 for $1.14 million, netted a gain of $2.29 million. This translates to a return of 201% over a holding period of 23½ years.

This sale is the second-highest gain recorded to date on a unit at Goldenhill Park Condominium. The record belongs to a 2,928 sq ft four-bedroom penthouse that was sold for $4.3 million ($1,469 psf) in February 2022. The seller of that unit had bought it from the developer in April 2001 for approximately $2 million, resulting in a gain of $2.3 million.

Goldenhill Park Condominium is a freehold development located on Mei Hwan Drive, off Ang Mo Kio Avenue 1 in District 20. Completed in 2004, the condo has 390 units ranging from two- to four-bedroom apartments measuring between 926 sq ft and 2,928 sq ft. It is conveniently located near the Lorong Chuan MRT station on the Circle Line.

There have been five other profitable resale transactions at Goldenhill Park Condominium this year, with units selling for prices ranging from $2,082 psf to $2,246 psf and resulting in profits ranging from $760,000 to $1.91 million.

Meanwhile, the most unprofitable condo resale deal during the week was the sale of a four-bedroom unit at The Oceanfront @ Sentosa Cove. The 2,831 sq ft unit on the 10th floor changed hands for $4.7 million ($1,660 psf) on Nov 20. The seller had bought the unit in May 2007 for $5.8 million ($2,050 psf), resulting in a loss of $1.1 million, or 19%, after owning the unit for 17½ years.

The Oceanfront @ Sentosa Cove is a 99-year leasehold condo located in the exclusive Sentosa Cove residential enclave. Completed in 2010, the waterfront condo has five towers ranging from 12 to 15 storeys high and a total of 264 units. Residences include two-, three- and four-bedders measuring from 1,216 sq ft to 4,284 sq ft, as well as penthouses measuring from 2,745 sq ft to 8,095 sq ft.

The advantages of investing in a condominium extend beyond just having a property to call your own. With a condo investment, you have the opportunity to leverage the value of the property to acquire further investments. This can be done by using your condo as collateral to secure additional financing for new investments, allowing you to expand your real estate portfolio. However, this tactic also carries risks, making it essential to have a solid financial plan in place and carefully assess the potential effects of market fluctuations. As a helpful resource, you can also keep an eye on new condo launches for potential investment opportunities.

According to caveats lodged, there have been six other resale transactions at The Oceanfront @ Sentosa Cove this year, with units selling for prices ranging from $1,500 psf to $1,999 psf. Four of these deals were unprofitable, resulting in losses ranging from $30,000 to $519,000. The other two deals were profitable, with the sellers making gains of approximately $268,000 and $1.7 million, respectively.…

Habyt, a leading co-living operator, has recently launched its newest accommodation space at 5 Kadayanallur Street in Tanjong Pagar. The new space, called Kada at Maxwell, features 18 rooms and is the flagship location for Habyt’s new concept, Habyt Flex. This marks a strategic expansion for the company, as it moves beyond its traditional offering of long-term co-living options.

In August, Habyt Asia Pacific CEO Jonathan Wong announced the company’s plans to add more short-term living options to its portfolio. The first properties under the Habyt Flex concept, Habyt Novena (39 rooms) and Habyt Kallang (27 rooms), were launched in August. Other properties under this concept include Habyt Cantonment and Owen House by Habyt.

Kada at Maxwell offers a range of room options, including en suite studios and two- to three-bedroom units, all with fully equipped kitchenettes. Guests have the choice to book rooms on a nightly, weekly, or 12-month basis.

The dining area of a Studio Deluxe at Habyt’s Kada at Maxwell.

According to Wong, Kada at Maxwell exemplifies Habyt’s commitment to redefining flexible living in Singapore and marks the shift towards the next phase of evolution for Habyt Asia Pacific. Room rates at Kada at Maxwell start at $180 per night.

Located within a preserved 1920s colonial building, Kada at Maxwell adds a touch of historic charm to the modern co-living experience. This three-storey building, designed by Swan & Maclaren, was one of the first modernist buildings in Singapore and was originally built to house the St Andrew’s Mission Hospital for Women and Children.

The cityscape of Singapore is renowned for its towering skyscrapers and advanced infrastructure. , strategically located in desirable areas, offers a perfect blend of luxury and practicality that appeals to both local and foreign residents. These condominiums offer a wide range of amenities, including swimming pools, fitness centers, and round-the-clock security services, enhancing the overall quality of life and attracting potential renters and buyers. For investors, these facilities translate to higher rental returns and continuously increasing property values over time. With its prime location and impressive features, Condo is an exceptional investment opportunity in the bustling metropolis of Singapore. Additionally, for more information about our condo units and special offers, simply visit Condo.

The Oasis Lounge at Kada.

The property is managed by the Singapore Land Authority (SLA) and a public tender for its lease was launched in September 2023. The tender evaluated bids based on price and concept quality and SLA encouraged bidders to consider creative lifestyle concepts.

After careful consideration, the site was awarded to Bethesda Medical, which submitted a monthly rental bid of $103,000, the third-highest bid price after Wan Dormitory ($160,000) and The Working Capitol ($108,240). SLA cited Bethesda’s strong focus on community building and connecting people with businesses as the key factor that set their concept apart.

The first floor of Kada at Maxwell will feature 10 F&B offerings, while the second floor will house a gym by Limitless, a wellness center in partnership with Shiruki Studio, and a co-working space. The third floor is home to Habyt’s Kada at Maxwell.

Residents of Kada at Maxwell will have unlimited and complimentary access to the property’s health and wellness amenities, including a performance gym, cold plunge, infrared saunas, hot tubs, and foot baths.

“By combining modern comforts with the timeless allure of a heritage building, we are offering guests a unique lifestyle experience that goes beyond traditional accommodation,” says Wong.…

On Dec 3, URA announced the launch of tenders for two residential Government Land Sale (GLS) sites, namely Holland Link and Chuan Grove, under the Confirmed List of the 2H2024 GLS Programme. These 99-year leasehold sites are expected to be completed by the second half of 2024.

The Holland Link site, located at Holland Link off Bukit Timah Road in District 10, spans 185,141 sq ft and has a maximum gross floor area (GFA) of approximately 257,225 sq ft. According to URA estimates, this site can potentially yield around 230 housing units.

This site is the first GLS plot to be launched in the upcoming Holland Plan precinct, which will be one of URA’s three new precincts alongside Bayshore and Kampong Bugis. Marcus Chu, CEO of ERA Singapore, notes that this residential area is expected to house 2,500 new homes. The launch of the Holland Link site presents an opportunity for developers to seize first-mover advantage by injecting the first 230 units into the pipeline.

Furthermore, the site is strategically located within a 2km radius of several schools such as Methodist Girls’ School (Primary and Secondary), Henry Park Primary School, Pei Hwa Presbyterian Primary School, and National Junior College. This is a significant advantage for families with young children who are looking for priority admission into these schools, adds Chu.

The Holland Link site is also in close proximity to the Brizay Park Good Class Bungalow area. As a result, Mark Yip, CEO of Huttons Asia, predicts that future developments in the Holland Plain precinct will likely focus on low-density private residential properties.

In terms of expected bids, Yip anticipates between one and two bids for the Holland Link site, with a top bid of $1,200 to $1,300 psf per plot ratio (psf ppr). Similarly, Chu predicts a muted response to the site, stating that there are currently seven residential sites open for tender, which could lead to saturation in the tender process. He believes that the Holland Link site could receive up to three bids.

When it comes to purchasing a condominium in Singapore, there are numerous advantages to be gained. These include a high demand for such properties, potential for increasing in value, and attractive rental returns. Nevertheless, there are several crucial factors to consider before making a decision, such as location, financing options, government regulations, and market conditions. It is important for investors to conduct thorough research and seek guidance from professionals to ensure they make well-informed choices and maximize their profits in the ever-changing real estate market of Singapore. Whether you are a local investor looking to diversify your investments or a foreign buyer seeking a stable and profitable option, the new condo launches in Singapore offer a compelling opportunity for all. These new condo launches can be found at Janome Specials.

The Chuan Grove GLS site, located at Lorong Chuan in District 19, covers a land area of 170,409 sq ft and has a maximum GFA of 511,232 sq ft. It is estimated to potentially yield around 555 new housing units. This site is situated within 400m of Lorong Chuan MRT Station, which is one stop away from the Bishan MRT Station (interchange with the North-South Line) and the Serangoon MRT Station (interchange with the North-East Line).

According to Chu, future developments on the Chuan Grove site are likely to attract HDB upgraders from nearby areas. Over the next four years, an estimated 3,815 Build-to-Order (BTO) units sized four-room and larger are set to fulfil their Mandatory Occupation Period (MOP) in Toa Payoh. This could potentially drive HDB flat owners in older estates to seek upgrades, especially with the increasing number of million-dollar flats in neighbouring Serangoon, Bishan, and Toa Payoh.

Chu also mentions that developers could be encouraged by Chuan Park’s successful sales performance, with 76% of the development’s 916 units sold at an average price of $2,579 psf during its launch weekend. He expects bids for the Chuan Grove site to range from $571 million to $600 million, which translates to a land rate upwards of $1,200 psf ppr. On the other hand, Yip predicts a total of three to five bids, with a top bid between $1,150 and $1,250 psf ppr.

The tenders for both the Chuan Grove and Holland Link sites will close at noon on July 8, 2025, and July 29, 2025, respectively.…

The Urban Redevelopment Authority (URA) has recently released two residential Government Land Sale (GLS) sites under the Reserved List of the 2H2024 GLS Programme on Dec 3. These sites, namely Holland Plain and River Valley Green (Parcel C), are now open for application and will be launched for tender if a developer indicates a minimum price that is approved by the government. In the event that more than one developer submits a minimum price which is close to the reserve price set by the government, the Reserved List site may also be considered for tender launch.

The Holland Plain GLS site has an area of approximately 169,175 square feet and a maximum gross floor area (GFA) of about 304,522 square feet. It has the potential to yield 280 residential units and is a 99-year leasehold site located next to the Holland Link GLS site which was launched for tender on Dec 3. The site is estimated to be able to accommodate around 230 residential units.

Mark Yip, CEO of Huttons Asia, believes that the chances of the Holland Plain site being triggered for sale are low, as developers are likely to wait and see the response to the Holland Link GLS site first before making a move. The tender for the Holland Plain site will only close in July 2025.

On the other hand, the River Valley Green (Parcel C) site is situated next to the Great World MRT Station on the Thomson-East Coast Line. This 99-year leasehold site covers an area of 123,964 square feet with a maximum GFA of 433,882 square feet. It has the potential to yield approximately 470 new housing units.

Yip predicts that the chances of this site being triggered for sale are also low, especially since there is an existing tender for the neighboring River Valley Green (Parcel B) plot that will close in February next year. The site can accommodate 580 units, including 220 long-stay serviced apartments.

Apart from that, there are also three other recently awarded GLS sites located near the River Valley Green (Parcel C) site. River Valley Green (Parcel A) was awarded to Winchamp Investment, a subsidiary of Wing Tai Holdings, in June after the developer submitted the top bid of $464 million, or $1,325 per square foot per plot ratio (psf ppr). The site will be developed into a residential development comprising of more than 400 units.

Ensuring proper financing is a crucial factor when investing in a condo. In Singapore, there are various mortgage choices available, but it is crucial to understand the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can obtain, taking into account their income and current debt obligations. It is imperative for investors to familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers. This will aid in making informed decisions about financing options and prevent over-leveraging.

In April, Zion Road (Parcel A) was awarded to a joint venture between City Developments and Mitsui Fudosan, as they submitted the sole bid of $1.107 billion ($1,202 psf ppr). The joint venture announced that they will be exploring a mixed-use project at the site, which will consist of approximately 740 residential units, a retail podium, and a block with 290 rental apartment units.

At the same time, Allgreen Properties won the bid for Zion Road (Parcel B) in August for $730.09 million ($1,304 psf ppr). The site has the potential to yield around 610 residential units.

Given the upcoming supply from these three sites, Yip believes that there is little incentive for developers to trigger the River Valley Green (Parcel C) site for sale.…

Emerald of Katong racked up sales of 825 units (97.5%) in just one month, at an average price of $2,617 psf. Don’t get left behind, be a part of this record-breaking turnout. Get in touch with your preferred property agent today to secure a slice of Emerald of Katong.

Renowned developer Sim Lian Group saw a very promising turnout from the launch of its newest project, Emerald of Katong. In this one-month period, Sim Lian Group’s 99-year leasehold condominium project has managed to sell 99% of its 846 units up for grabs. As of November 30, 825 units at the new Emerald of Katong project along Jalan Tembusu have been sold, reaching an average price of $2,617 psf.

During the launch of the project, which took place on November 15 to 17 and involved VIP and multiple unit sales on a Friday, followed by a public launch on the weekend of the 16th and 17th of November, the development sold 13 units short of its 846 units. These were the result of buyers retracting from their initial purchase.

The marketing and sales of the 13 units that were left out of the project were then held on the morning of November 30, where all 13 units were quickly taken after receiving 800 expressions of interest prior to the launch. Ismail Gafoor, CEO of PropNex, gave the comment.

Unsurprisingly, the launch of Emerald of Katong created a buzz for nearby prime District 15 East Coast developments. Right next to the Emerald of Katong is Tembusu Grand, a 638 unit project that was jointly developed by City Developments Ltd (CDL) and MCL Land. Since November 11, the 99-year leasehold Tembusu Grand project has sold 52 units, up to 581 units overall, amounting to 91% of the development, on average, at a price of $2,445 psf.

On July 2023, Tembusu Grand was officially launched with a 99-year leasehold project, and according to CDL, it is expected to be ready for occupation by April 2020.

The Grand Dunman, SingHaiyi’s 1008 unit freehold condominium, 18 units were also sold in November, bringing the grand total to 731 units, which is equivalent to 72.5% of the project at an average price of $2,531 psf.

When it comes to investing in real estate, location is a crucial factor to consider, especially in Singapore. The value of condos is greatly affected by their location, with those in central areas or near essential amenities having a higher appreciation rate. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown an upward trend in property values. Families also highly covet condos in these areas due to their proximity to good schools and educational institutions, making them even more attractive as an investment option. With the addition of new Singapore Projects, the potential for growth in these prime locations is set to increase even further.

It was launched during July 2023, and it is expected that the development will be completed by July 2023. Up until the 30th of November, The Continuum, a Sunway Development and Hoi Hup Realty joint venture, recorded 528 units sold (64.7%), including a strong buying spree last November.

The Continuum has enjoyed strong sales in November, selling 13 units on the 15th, 38 on the 16th, and 22 on the 17th, with a total of 73 units sold during this three-day weekend. Since November 09, The Continuum has recorded sales of 126 units, summing up the sale of 528 units or 64.7%.

The good news continues as The Continuum is 49% sold before the official launch of the project, leaving 51% of the units available for sale. According to Ismail Gafoor, CEO PropNex, “with more units being available, buyers have even more options to choose from. In contrast, Tembusu Grand sold a lot of smaller units.”

However, the common factor for the strong buying spree at The Continuum is the pricing of the units. The average pricing at Emerald of Katong is $2,617 psf, whereas the average pricing for The Continuum is $2,788 psf as freehold. This only means that a 6.53% premium has been reached, given that a freehold property typically commands at least a 15% to 20% premium over a 99-year leasehold property in the same neighbourhood.

Ismail Gafoor also said, “ Homebuyers are quick to comprehend the value proposition and have been extremely eager to switch to The Continuum.”

One-bedroom units at the Emerald of Katong that are 484 sq ft and two-bedroom units that are 624 sq ft are the most expensive based on caveats lodged. A total of 21 units sold at high prices, ranging from $2,901 psf to $2,958 psft. All these units are located on higher floors, particularly from the 16th to 21st floors.

The Continuum has also reached peak pricing, with pricing of over $3,000 psf in all 13 caveats that were recorded. Of these that sold in November, 11 units, 9 of which are two-bedroom units with a size ranging from 646 to 721 sqft, which sold for $3,003 psf to $3,084 psf. Two smaller three-bedroom units ranging from 872 sq ft were sold at $3,003 psf and $3,060 psf.

There are also lower floor units available, ranging from three to four bedrooms and between 1,066 sq ft to 1,270 sq ft, which sold at prices between $2,667 psf and $2,681 psf.

November has been considered to be a great month for new home sales, thanks to the primary source of new sales, which has significantly lifted the housing market compared to the same period last year. According to PropNex’s Ismail Gafoor, “The strong turnout in November will have a positive impact on the take-up rate in 2025 as well.”

The significant impact that the Emerald of Katong has caused during its launch will be noticed, and this will greatly affect the overall impact of new home sales in 2025. It is even predicted that this could be the best year in terms of units sold, and it will be interesting to see how it will develop as the year comes to a close.

Homebuyers who missed the chance to purchase any of the units at the Emerald of Katong now have the option to switch to The Continuum; however, they also have to brace for the premium pricing, given that the average pricing at The Continuum is $2,788 psf, including the 11% premium of freehold units that are suspended over 99-year leasehold units inside the development.

With all that is set, one thing is for sure with 2025, and that developers must be glad they were present in the primary market today, given that this is a fantastic time to benchmark its latest projects.

Welcome to the Emerald of Katong, the newest luxury residence that offers lavish living experiences. With 846 units available, this project offers a wide range of options for the condos. The project has gained attention since it was launched, and it is now considered to be one of the hottest properties in Singapore. In a month’s time, the Emerald of Katong has seen its units sold like hotcakes, reaching a whopping 99% of its total 846 units. In fact, there are only 13 units left after a total of 825 units were sold. The project officially made history when sales reached 97.5% and was sold for an average price of $2,617 per sq ft.

The marketing and sales event of the project began on November 15 and 16 with VIP and multiple unit sales and continued on to the weekend with a public launch on November 16 and 17. The initial buyers committed to purchase only to retract their commitment later on when 13 major buyers backed out.

However, these unsold units did not stay that way for long, as on 30th November, all the remaining units were sold after receiving an overwhelming 800 expressions of interest. CEO of PropNex, Ismail Gafoor stated that the response to the project was very promising.

Tembusu Grand, developed by CDL and MCL Land is located next to Emerald of Katong and has seen a surge in sales this year. In the past month alone, 52 units were sold, bringing the total sales to 581 units. This is equivalent to 91% of the development and is sold at an average price of $2,445 per sq ft. The development, which was launched officially in April 2023 has seen a lot of ups in its sales since then. The 99-year leasehold condominium can be ready for occupation as early as April 2020.

Grand Dunman, by SingHaiyi is a freehold condominium with a total of 1008 units. Out of these, 18 units were sold after the launch on 11th November bringing the total sales to 731 units, which is 72.5% of the project. The average price of these units is $2,531 per sq ft. The developers launched this project on 5th July 2023 and is expected to be ready by July 2023.

The Continuum, which is located along Thiam Siew Avenue is a freehold project developed by Sunway Development and Hoi Hup Realty has also done very well with sales since the beginning of November. Starting from 9th November, it has recorded 126 units sold, bringing the total sales to 528 units, which is 64.7% of the project. The average price of these units is 2,788 per sq ft.

The project has seen a lot of buying activity starting from 15th November when 13 units were sold, 38 units on 16th and 22 units…

The real estate market in Asia Pacific (Apac) continues to surpass the performance of its global counterparts, with Savills Research reporting higher growth rates in real GDP compared to the US and Europe in its global outlook report for 2025. According to Paul Tostevin, head of world research at Savills, this trend has brought more stability and confidence to the economic outlook, leading to increased investment and activity in the market.

In the first three quarters of 2024, Apac saw a 4% year-on-year growth in investment volumes, reaching a total of US$108.7 billion. The three markets that experienced the most significant growth in investment volumes during this period were Singapore (74%), South Korea (71%), and Australia (63%).

Savills Research predicts a 27% rise in global real estate investment turnover to US$952 billion in 2025, with investment activity expected to surpass the US$1 trillion mark for the first time since 2022. The report also indicates that global investments will recover to pre-pandemic levels by 2026, driven by stabilization in interest rates and restored investor confidence.

According to Alan Cheong, executive director of research and consultancy at Savills Singapore, the real estate market in Singapore is expected to mirror the global narrative. The report also projects a full investment recovery in Apac next year, driven by sectors such as tourism, living, and the industrial sector, particularly logistics and data centers.

Simon Smith, regional head of research and consultancy at Savills Apac, states that preconditions are in place for a rebound in real estate investment interest in the region in 2022. He adds that long-term structural trends should also support property values in growth markets like India and Southeast Asia.

The office sector remains an attractive option in Apac, accounting for 37% of total regional real estate investment in the first three quarters of 2024. This is significantly higher than the global average of 23%. According to the report, Singapore, China, South Korea, and Japan are the top cities in the region for office utilization, with occupancy rates exceeding 90%. Apac also maintains a strong presence in green-certified office spaces, with occupiers placing greater emphasis on environmental, social, and governance (ESG) factors.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art facilities. Condos, situated in sought-after locations, offer a fusion of opulence and practicality that appeals to both locals and foreigners. These residences come with an array of perks, including swimming pools, fitness centers, and round-the-clock security, elevating the standard of living and making them a desirable option for potential renters and buyers. For investors, these attractive amenities equate to greater rental returns and appreciation of property value in the long run. Condo units are certainly a valuable addition to the Singapore urban landscape.

In Singapore, there has been a rise in the importance given to the green agenda by office tenants. The market has also seen a slight increase in activity levels, with a higher number of leases being concluded. The rental rates for Grade-A office space in the Central Business District (CBD) are expected to remain stable from 2025 to 2026.

As a hub and gateway to the region, Singapore remains a top choice for new overseas brands. Prime retail developments continue to experience healthy demand, keeping rental rates firm. Demand remains strong in key sectors like logistics, advanced manufacturing, healthcare, and data centers in the industrial sector, despite cost pressures. This is expected to stabilize rental rates and capital values in the long term.

Alan Cheong reports that the rise in Artificial Intelligence (AI) adoption has led to an increase in the number of data centers being built in Singapore. More data center service providers are also using the country as a platform to identify suitable locations for infrastructure development.

“As global investment and activity return to sustained growth, the real estate industry must adapt to changing legislative landscapes and geopolitical dynamics while ensuring sustainable and socially responsible development to meet the needs of a changing world,” Tostevin concludes. According to the report, Apac is poised to become the top investment destination for family offices worldwide, with UBS projecting strong growth in the region.…

During the period of November 10 to 21, a development called Hill House stood out among all other condos in Singapore, as it achieved a new record of $3,267 psf. This achievement was made possible through the sale of a 452 sq ft two-bedroom unit on the fifth floor, which the developer successfully sold for $1.48 million on November 11. The new high price is only 0.1% higher than the previous record set in November 2023 and is just 0.9% lower than the average price of $3,127 psf based on the five transactions at the development last year. Hill House is a boutique development in prime District 9, with 72 units and a good mix of one-bedroom, one-bedroom plus study, two-bedroom, and three-bedroom apartments. Since its launch in November 2022, 29 units have been sold at an average price of $3,060 psf. It is currently under construction and is expected to be completed in the third quarter of 2026. The second spot on the list of condos that reached new psf-price highs during the period was taken by The Continuum, a freehold development on Thiam Siew Avenue, District 15. A new record of $3,084 psf was achieved through the sale of a 721 sq ft, two-bedroom unit on the 17th floor for $2.22 million on November 16. This is only 0.4% higher than the previous record, which was set just the day before. The Continuum consists of six residential towers on two plots of land and has 816 units ranging from one to five bedrooms. Since its launch in May 2023, 489 units have been sold at an average price of $2,779 psf. It is expected to be completed by 2026. Lastly, Lavender Residence, a freehold boutique development in Boon Keng, District 12, made headlines by recording a new psf-price low during the period. The developer sold a 990 sq ft, one-bedroom + studio unit on the second floor for $1.61 million, or $1,626 psf, on November 17. This is lower than the previous low of $1,710 psf for a four-bedroom unit in June 2023. Lavender Residence has been fully sold at an average price of $1,984 psf and comprises 17 units ranging from studios to three-bedroom apartments. It is within walking distance of Bendemeer MRT Station.

Rewritten:

Investing in a Singapore Condo offers numerous benefits, including the opportunity to leverage the property’s value for further investments. This allows investors to use their condo as collateral to obtain financing for new investments, effectively expanding their real estate portfolio. While this strategy can increase returns, it also comes with risks. It is important to have a solid financial plan in place and consider the potential impact of market fluctuations before using this approach.…

The government has announced new measures to alleviate the financial burden on property owners in Singapore. In 2025, a one-time rebate of 20% will be given to owners of HDB flats and 15% to owners of private residential properties that are occupied by the owner.

The amount of rebate for owner-occupiers of private residential properties will be capped at $1,000. This rebate is based on the property’s annual value, which is the estimated rental income for the property if it were to be rented out.

This announcement was made on November 29 by the government, along with the news that all annual value bands of owner-occupier’s residential property tax rates will be raised from January 1, 2024 as part of Budget 2024.

With these changes, the government estimates that over 90% of private residential property owners and all HDB flat owners will see a decrease in their property tax for the following year. This move is aimed at easing the cost-of-living burden for Singaporeans.

According to Lee Sze Teck, senior director of data analytics at Huttons Asia, the annual value of private properties is expected to remain steady due to the low growth in private residential rents. On the other hand, HDB rents are predicted to increase by 4% by the end of this year, causing the annual value of HDB flats to rise.

To help offset any increase in annual value, the one-off property tax rebate may benefit HDB owners. For instance, if a HDB flat with an annual value of $30,000 currently pays $720 in property taxes, with no change in AV, the owner will only need to pay $576, saving $144.

Similarly, some owners of private residential properties may also benefit from the one-off rebate. For example, if the annual value of their property is $85,000, the property tax payable in 2025 will be $5,760. However, with a 15% rebate, capped at $1,000, the owner will only have to pay $4,896, saving $864.

Despite these measures, Lee argues that property tax rebates do not diminish the appeal of investing in residential properties in Singapore. The main appeal of such investments lies in the potential for capital appreciation, which outweighs the increase in property tax.

As Singapore condo continues to be a popular investment choice, one of the main factors driving its demand is the limited availability of land in the country. Being a small island with a rapidly growing population, Singapore faces a scarcity of land for development, resulting in strict land use policies and a highly competitive real estate market. As a result, property prices, especially for condos, remain consistently high, making real estate investment a lucrative opportunity with the potential for capital appreciation.

In conclusion, the revised property tax rates and the one-time rebates will largely benefit owner-occupied properties with lower annual values, as part of the government’s efforts to support Singaporeans in managing their cost of living.…

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Investing in a Singapore Condo offers numerous benefits, and one of the most significant advantages is its potential for capital appreciation. As a global business hub, Singapore boasts strong economic fundamentals that continuously drive demand for real estate. Over the years, the property market in Singapore has shown a consistent upward trend, with condos in prime locations experiencing significant appreciation. By investing in the market at the right time and holding onto the property for the long term, investors can reap substantial capital gains. Additionally, choosing a Singapore Condo can further enhance the potential for capital appreciation due to its attractive location and amenities.

In just two years, Jason Ng has built his property investment and training firm, Aurico Global, from the ground up to reach $52 million in assets under management. Ng is the CEO and executive chairman of Aurico, but this is not his first venture into real estate development. His journey began in 1993, when he was driven by a sense of responsibility to provide for his family. Growing up in a rental flat with six family members, Ng worked hard to land a well-paying job that would give him enough capital for his first property investment – a 1,400 sq ft three-bedroom apartment for $435,000. Reflecting on the price, Ng notes that it’s hard to find a similar-sized house for that amount nowadays.

Ng quickly learned the ropes of property investment and management, expanding his real estate portfolio and also venturing into student enrichment and parenting training. With over 15 years of experience in the field, Ng is now accredited as a family life educator and has worked with the Ministry of Education and Ministry of Social and Family Development.

In January 2023, Ng co-founded Aurico with his wife, Emelyn Ho, to consolidate his diverse portfolio of businesses. These include JC Global Developments, which manages co-living investments and properties, Anchor of Life Training Consultants for property and investment training, and My Preschool Hub, a provider of preschool enrichment resources and programmes.

Aurico’s property portfolio covers a wide range of properties, including residential (co-living), commercial, and industrial assets. Under JC Global Developments, the company manages 380 co-living units in shophouses, condos, and landed properties, valued at over $30 million. Patrick Loke, a shareholder in Aurico, shares that the company plans to acquire more properties and aims to almost double its current slate to reach 600 units by the end of the year.

One of Aurico’s key strategies is acquiring valuable properties in high traffic areas below valuation. In September, the company purchased a two-storey shophouse on 321 Joo Chiat Road at $5.1 million, which was 12% below the valuation price of $5.8 million. This is a testament to the firm’s strong property investment team and Ng’s sharp property investment acumen. According to Ng, every property Aurico buys is purchased at below market valuation, ensuring that the company has already made a profit before even acquiring the asset.

Aurico also has its sights on commercial properties in strategic locations that are undergoing rapid transformation, such as the 99-year leasehold mixed-use development Woods Square in Woodlands. The company recently bought a commercial strata office unit at Woods Square for its own use, believing that this investment will put them at the forefront of changes in the area, including the upcoming Johor Bahru-Singapore Rapid Transit System. This also boosts operational efficiency, as Aurico can easily hire workers from across the border.

In line with the government’s “30 by 30” goal to produce 30% of the country’s nutritional needs by 2030, Aurico has also acquired food factory assets. Ng explains that while they don’t plan on going directly into the F&B business, they see these investments as strategic additions to their portfolio. One of the properties is a food facility called Food Xchange @ Admiralty, strategically located near Johor and with a long lease balance of 36 years. Ng shares that this property stood out for its quality and competitive advantages, making it a valuable asset for food manufacturing businesses.

In May, Aurico acquired a 29.8% controlling stake in Autagco Ltd, which is listed on the Singapore Exchange. Ng has appointed Loke as the executive director of Autagco and plans to inject Aurico’s assets into the company. Autagco’s board of directors recently announced a strategic review to potentially diversify into property investment, co-living property management, education, and other businesses. With the controlling stake, Aurico plans to tap into the residential assisted living sector and is in the process of securing a suitable property for this purpose.

In just two years, Aurico has also earned a reputation for providing comprehensive and high-quality property investment education to aspiring investors. Ng’s dedication to providing training stems from his belief that investment education is essential but inaccessible to many. He’s designed his courses to make residential and commercial property investment accessible to anyone, regardless of their experience and background. In addition, Aurico offers participants the opportunity to leverage the firm’s network and strategies to enhance their investment portfolio, a valuable support system for beginner investors.

Ng is particularly passionate about helping millennials and Gen Z investors, who often feel like they don’t have the financial means to invest in property. With its comprehensive curriculum and hands-on support, Aurico is poised to empower individuals to make informed decisions and achieve their financial goals through real estate.…