Month: January 2025

Commonwealth Towers takes the crown as the top private non-landed property to reach a new peak psf price during the week of December 27th to January 3rd. The 99-year leasehold condo recently hit a new high of $2,460 psf on December 27th with the sale of a three-bedroom unit on the 40th floor for a whopping $2.22 million. This surpasses the previous record of $2,402 psf set just three months prior, when a two-bedroom unit was sold for $1.65 million in September 2024.

Commonwealth Towers has been steadily increasing its average resale price for the past three years. In 2022, the average price was $1,971 psf across 53 transactions. The following year, it rose to $2,097 psf with 51 resale transactions. Last year, there were 37 resale transactions with an average price of $2,200 psf, marking an 11.6% increase in average resale prices since 2022.

The most expensive unit to change hands at Commonwealth Towers was a four-bedroom unit on the 39th floor for $2.96 million, or $2,273 psf. The transaction was recorded in November 2024.

Completed in 2017, Commonwealth Towers stands tall with its two 43-storey residential blocks housing 845 condo units. The units range from one to four bedrooms and span from 441 sq ft to 1,302 sq ft. The development has about 87 years remaining on its lease and is located along Commonwealth Avenue.

The runner-up on the list is freehold project Parq Bella, which set a new psf-price peak of $2,416 on December 31st. The developer sold a three-bedroom unit on the fourth floor for $2.6 million. This surpasses the previous record of $2,385 set in August 2023 for a two-bedroom unit on the fourth floor.

Parq Bella, a boutique development with only 20 units, has been seeing steady sales since its launch in 3Q2023. In 2023, the project sold five units at an average price of $2,347 psf. As of January 14th, it has sold 19 of its 20 units at an average price of $2,244 psf. The project is expected to be completed by December 2026.

The only private residential development to see a new psf-price low during the week of December 27th to January 3rd was Klimt Cairnhill. The developer sold a two-bedroom unit on the 24th floor for $2.55 million on January 3rd, setting a new psf-price floor of $3,077. This is the final unit sold at the 138-unit freehold development, which achieved 100% sales at an average price of $3,665 psf.

Klimt Cairnhill offers a mix of two- to four-bedroom apartments ranging from 829 sq ft to 2,368 sq ft, as well as two penthouses of 4,898 sq ft and 5,920 sq ft. The project is expected to be completed in April 2021 and is located along Cairnhill Road in Prime District 9.

Investing in a condo in Singapore can bring numerous benefits, making it a desirable option for both local investors and foreign buyers. The country’s real estate market is known for its high demand, potential for capital appreciation, and attractive rental yields. However, before making a purchase, it is essential to carefully consider various factors such as location, financing options, government regulations, and overall market conditions.

One of the main advantages of investing in a condo in Singapore is its high demand. The country’s booming economy and stable political climate make it an attractive destination for both local and foreign residents, resulting in a constant demand for housing. This high demand also leads to potential for capital appreciation as the value of properties in Singapore tends to increase over time.

Furthermore, condos in Singapore offer attractive rental yields, making them a profitable investment option. With a high population of expats and a thriving business environment, there is a constant need for rental properties in desirable locations. This presents an opportunity for investors to generate steady income from their condo unit.

However, it is crucial to carefully consider various factors before purchasing a condo in Singapore. The location of the property plays a significant role in its potential for capital appreciation and rental yields. A well-located condo in a desirable neighborhood is more likely to see a higher increase in value and attract tenants.

Singapore is known for its urban landscape, characterized by towering high-rise buildings and advanced infrastructure. The city boasts of luxurious condos situated in prime locations that cater to the needs of both locals and foreigners. These condos offer a perfect combination of opulence and convenience, making them highly desirable among potential tenants and buyers. With amenities like swimming pools, gyms, and security services, the quality of living in these condos is greatly enhanced. For investors, these features translate into attractive rental yields and the potential for increased property values over time.

Financing options should also be carefully evaluated, as Singapore has strict regulations and restrictions when it comes to foreign property ownership. It is essential to understand the financing options available and seek professional advice to make an informed decision.

Government regulations and market conditions can also impact the success of a condo investment in Singapore. It is crucial to stay updated on any changes in policies and the overall real estate market to make sound investment decisions.

In conclusion, investing in a condo in Singapore offers a compelling opportunity for investors seeking a stable and profitable investment. However, it is essential to conduct thorough research and seek professional advice to make informed decisions. By carefully considering factors such as location, financing, government regulations, and market conditions, investors can maximize their returns in Singapore’s dynamic real estate market. So whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a lucrative investment option, a condo in Singapore is definitely worth considering.…

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The Minister for National Development Desmond Lee, together with the Housing Development Board (HDB) and the Ministry of National Development (MND), have announced that HDB will be launching over 25,000 new flats in 2025. These new flats will be made available through a combination of Build-to-Order (BTO) flats and Sale of Balance Flats (SBF) exercises, with a mix of Standard, Plus, and Prime BTO flats under the new classification framework.

The BTO launch in February will offer approximately 5,000 flats in Kallang/Whampoa, Queenstown, Woodlands, and Yishun. In addition, next month, HDB will conduct its largest-ever SBF exercise, offering over 5,500 flats across various estates. Of these, about 40% are completed units, with the rest at different stages of construction and expected to be completed between 2025 and 2028.

Singapore has emerged as a prime location for investors seeking profitable real estate opportunities. With its bustling economy and reputation as a global business hub, this city presents a unique chance to capitalize on the condo market. The demand for properties in Singapore remains consistently high, leading to steady increases in property prices over the years. Particularly, prime condo locations have seen significant appreciation, making them a desirable investment option. Those who time their investments strategically and hold onto their properties for an extended period stand to gain substantial capital gains. Additionally, the recent introduction of new condo launches has made the market even more favorable for individuals looking to expand their real estate portfolio. The addition of new condo launches only adds to the potential for lucrative returns on investment in Singapore’s real estate market.

In total, over 10,000 new flats will be made available through the February BTO and SBF exercises. This is in line with HDB’s commitment to launch 100,000 BTO flats over five years, with a planned pipeline of 19,600 BTO flats in 2025.

The increase in BTO supply over the last four years has led to a drop in application rates. In 2024, the average application rate for first-time homebuyers for BTO flats across all flat types was 2.1, compared to 3.7 in 2019. For three-room and larger flats, the average first-timer application rate in 2024 was 2.2, down from 4.0 in 2019.

Minister Lee has assured that HDB will continue to release a steady pipeline of flats in the next few years to meet housing demand. Over 50,000 flats are expected to be launched between 2025 and 2027, bringing the total to about 130,000 flats from 2021 to 2027.

In 2025, an estimated 7,000 HDB flats will reach their five-year minimum occupation period (MOP), the lowest supply of such resale flats since 2015. This, along with HDB’s promise to launch more BTO and SBF flats, will offer more choices for buyers and stabilize the resale market. In addition, about one-fifth of the BTO flats slated for launch in 2025 will be Shorter Waiting Time (SWT) flats of less than three years, a boost from the 2,876 SWT flats offered in 2024 and more than the committed annual supply of 2,000 to 3,000 SWT flats. This is expected to increase options for buyers and potentially attract demand away from the resale market.

Lee Sze Teck, Senior Director of Data Analytics at Huttons Asia, estimates that HDB resale flat transactions in 2025 will range between 26,000 and 28,000 units, lower than the 28,876 units recorded in 2024. Resale flat prices are also expected to grow at a slower pace of 5% to 8% this year, compared to the 9.6% increase reflected in HDB’s flash estimate for 2024.

Securing financing is a crucial factor in purchasing a condo. In Singapore, there are various mortgage choices available. However, it is crucial to have knowledge about the Total Debt Servicing Ratio (TDSR) framework, which sets a cap on the loan amount that a borrower can obtain based on their income and current debt commitments. Being familiar with the TDSR and seeking guidance from financial experts or mortgage brokers can assist investors in making informed choices when it comes to financing and prevent excessive borrowing. In addition, check out Singapore Projects for more information.…

The sale of a three-bedroom penthouse at Orchid Mansion, located on freehold land at Amber Road in District 15, has made headlines as it earned a whopping profit of $2.58 million on Dec 31. This marks the most profitable resale transaction in the development from Dec 31, 2024, to Jan 7, 2025.The luxurious 2,842 sq ft unit on the 21st floor was sold for $4.88 million, resulting in an impressive price per square foot of $1,717. The unit was last purchased in March 2009 for $2.3 million, which means that the seller has made a profit of 112%, or an annualized profit of 4.9%, over a span of nearly 16 years.This sale has also set a new record for the most profitable resale transaction to date at Orchid Mansion, beating the previous record of $1.15 million (72.6%) when a 1,507 sq ft three-bedroom unit on the seventh floor was sold for $2.73 million ($1,812 psf) in July 2022. This unit was purchased for $1.58 million ($1,050 psf) in June 2007.According to reports, the second most profitable resale transaction during this week took place at Villa Marina, where a 1,625 sq ft unit was sold for $2.35 million ($1,446 psf) on Jan 3. The three-bedroom unit, located on the ground floor, was last purchased for $630,500 ($388 psf) in September 2006, resulting in a massive profit of $1.72 million (273%). This translates to an annualized profit of 7.6% over a period of 18 years.This sale has also surpassed the previous record for the most profitable transaction at Villa Marina, which was set at $1.58 million (219%). This previous record was achieved through the sale of a 1,916 sq ft unit on the fourth floor for $2.3 million ($1,200 psf) in July 2022. This unit was previously sold at $720,416 ($376 psf) in November 1998.Villa Marina is a 99-year leasehold development situated at Jalan Sempadan in District 15. This development, which was completed in 1999, comprises 27 low-rise residential blocks with a mix of one- to four-bedroom units that range from 1,087 sq ft to 2,314 sq ft. The development is surrounded by Masjid Kampong Siglap mosque and is only a short distance from Siglap MRT station.Education-wise, Villa Marina is conveniently located near several primary schools, including Bedok Green Primary School, CHIJ (Katong) Primary, Ngee Ann Primary School, St Stephen’s School, and Tao Nan School.On the other hand, the most unprofitable resale transaction during this period took place at Marina Bay Residences, where a 1,130 sq ft unit was sold for $2.1 million ($1,858 psf) on Jan 2. Unfortunately for the seller, this unit was last purchased for $2.49 million ($2,200 psf) in November 2007, resulting in a loss of $386,000 (16%). This translates to an annualized loss of 1% over 17 years.Marina Bay Residences had a total of 25 resale transactions in 2024, with 13 of these being unprofitable. The losses incurred by these sellers range from $43,600 to $1.25 million. The most significant unprofitable transaction at Marina Bay Residences involved a 1,227 sq ft unit that was sold for $2.8 million ($2,282 psf) on March 22, 2024.Based on a tabulation of resale caveats at Marina Bay Residences, the average resale price at the condo last month was $2,242 psf. This is higher than the average price at surrounding condos such as The Sail @ Marina Bay ($2,052 psf), Marina Bay Suites ($1,917 psf), and Marina One Residences ($2,133 psf).Marina Bay Residences is a 428-unit development located on Marina Boulevard. After completing a major $5 million renovation project from Jan 2022 to Sept 2023, the 15-year-old condo now boasts enhanced facilities and common spaces for its residents. The condo is one of two 99-year leasehold luxury condos in Marina Bay Financial Centre, which also features three Grade-A office towers, the 221-unit Marina Bay Suites, and Marina Bay Residences.

Investing in a condominium in Singapore offers numerous benefits, one of which is the potential for capital appreciation. Due to its advantageous position as a global business hub and robust economic foundation, Singapore maintains a consistent demand for real estate. As such, property values in the country have continuously risen over the years, with condos in prime areas experiencing significant appreciation. For investors who time their entry into the market wisely and hold onto their properties for an extended period, they can reap sizable gains in capital. In addition, with the numerous Singapore Projects in development, there is a promising outlook for future capital appreciation in the condo market.

When it comes to investing in a condo, securing financing is a crucial consideration. Fortunately, Singapore has a variety of mortgage choices available. However, it is vital to keep in mind the Total Debt Servicing Ratio (TDSR) framework, which puts a cap on the amount of loan a borrower can take based on their income and current debt commitments. It is crucial for investors to understand the TDSR and seek guidance from financial experts or mortgage brokers to make well-informed financing decisions and prevent over-extending themselves. Additionally, Singapore Projects make for excellent investment opportunities.…

City Developments Limited (CDL) has announced that it has divested assets worth over $600 million in the past year as part of its capital recycling strategy. According to the company, there are more divestments in the pipeline, although the total amount falls short of the $1 billion target set in early 2024 due to the slowdown in deals across different markets and asset classes.

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Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage choices available, but it is crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take, taking into account their income and current debt obligations. To make well-informed decisions about financing, it is recommended to understand TDSR and seek guidance from financial advisors or mortgage brokers. This will help investors avoid over-leveraging and consider projects in Singapore, such as Singapore Projects, for their investment.

Some of the completed divestments include the Ransome’s Wharf site in London, the freehold 8-storey industrial building Cideco Industrial Complex in Singapore, and various strata units at Citilink Warehouse Complex, Cititech Industrial Building, Fortune Centre, and Sunshine Plaza in Singapore.

Despite facing challenges in the current market conditions, the company remains optimistic and has achieved good momentum in its divestment plans. Group CEO Sherman Kwek says, “The asset divestments reflect our focus on accelerating our capital recycling initiatives. We will continue to push forward with our divestment plans to optimize our capital management and align our portfolio with our strategic objectives, ultimately maximizing shareholder value.”

Investing in a condo is a pivotal step in the real estate market. Singapore is home to diverse mortgage options, but it is crucial to have a comprehensive understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the amount of loan a borrower can obtain based on their income and current debt commitments. To make sound decisions regarding financing, it is advisable to collaborate with financial advisors or mortgage brokers who possess knowledge about TDSR. This partnership can prevent investors from overleveraging and guide them towards their financial goals. As you explore different financing options, keep in mind Singapore Projects.

Another notable divestment is the retail and office components of Hong Leong City Centre (HLCC), a mixed-use development in Suzhou, which is under contract and expected to be completed this quarter.

CDL’s shares closed at $5.05 on January 16, with a 0.2% decrease for the day and a 20.97% decrease over the past year. The company is committed to further optimizing its portfolio through strategic divestments while remaining focused on its long-term goals. Ask Buddy for more information on Sunshine Plaza properties and other real estate trends.…

A charming two-storey bungalow, occupying a prime freehold site at 11 Whitley Road, has been put on the market for sale through a tender with a guide price of $31.88 million. The spacious property sits on an elevated land parcel measuring 15,276.27 square feet, making the guide price equivalent to $2,087 per square foot of land.

The bungalow, which has been recently rebuilt and expanded with a rear extension in 2016, features five bedrooms – three of which are en suite – as well as two living rooms, two dining rooms, a generously-sized and well-equipped kitchen, and a helper’s room. The property boasts a desirable location and offers a plethora of possibilities for potential buyers.

In recent years, purchasing a condominium in Singapore has gained immense popularity among local and foreign investors. This comes as no surprise, given the country’s strong economy, political stability, and exceptional quality of life. With its thriving real estate market, Singapore offers a plethora of opportunities, and condos are a particularly attractive choice due to their convenience, modern amenities, and potential for attractive returns on investment. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore. To further enhance your investment options, be sure to explore Singapore Projects.

The land parcel on which the bungalow stands is ideal for redevelopment, with the potential to be subdivided into eight terraced houses ranging in size from 1,614 to 2,389 square feet. The total gross floor area for the redevelopment could reach up to 21,528 square feet, subject to land betterment charges, according to Aric Lim, the associate district director of Huttons Asia, the property’s exclusive marketing agent.

“This is likely the largest plot of land available along Whitley Road,” says Lee Sze Teck, senior director of data analytics at Huttons Asia. He also emphasizes that the guide price of $2,087 per square foot based on land is highly competitive compared to recent sales of new semi-detached houses in the same area, which have sold for more than $3,000 per square foot.

The demand for condos in Singapore continues to skyrocket, with one of the main factors being the scarcity of land. As a small and densely populated island nation, Singapore faces limited space for development. As a result, the government has implemented strict land use policies and this has created a highly competitive real estate market, where property prices remain consistently high. This has made investing in real estate, particularly condos, a profitable opportunity, with the potential for significant capital appreciation. With the addition of Singapore Projects, the demand for condos in Singapore is expected to continue to rise.

The property’s exceptional location, being only 700 meters from the Novena MRT Station and in close proximity to popular shopping destinations such as Velocity at Novena Square, Square 2, United Square, and Zhongshan Park, adds to its appeal.

The tender for 11 Whitley Road will close on February 12th, giving interested parties ample time to make their bids for this magnificent property.…

GuocoLand has secured two green facilities from DBS Bank and Oversea-Chinese Banking Corporation (OCBC). One is a $1.135 billion green facility for refinancing Guoco Midtown, and the other is a $105 million green facility for refinancing Midtown Bay.

The $1.135 billion green facility for the refinancing of Guoco Midtown is the largest to date for the property developer. The company has raised these green facilities under its Green Finance Framework and has secured about $5 billion of green financing to date. This includes green facilities for other developments such as Guoco Tower, Lentor Mansion, Lentor Modern, Midtown Modern, and the upcoming Upper Thomson Road Development.

Speaking about the new financing, Group CFO of GuocoLand, Andrew Chew, states that it allows the company to optimize its capital structure while staying true to its commitment to creating thoughtfully designed spaces that balance economic, environmental, and social factors.

Shares in GuocoLand closed flat at $1.45 on Jan 15. The company has been active in securing new leases and developments, with recent news of Porsche Singapore opening a duplex showroom at Guoco Midtown and Publicis Groupe leasing 55,000 sq ft at the office tower. Guoco Midtown offers a glimpse into the future of work with its Network Hub, providing a collaborative space for businesses.

The property developer remains committed to sustainable development and green financing, with the recent additions of the two facilities from DBS Bank and OCBC furthering its efforts. As GuocoLand continues to expand its portfolio and make strides in sustainable development, investors can expect to see more green financing and a focus on creating thoughtfully designed spaces.

Investing in a condominium can be a wise financial decision, offering a multitude of long-term benefits. One major advantage of this type of investment is the potential for the condo’s value to appreciate over time, making it a valuable asset in one’s portfolio for future endeavors. Including a condo in one’s investment portfolio can also serve as collateral, providing opportunities to secure funding for other real estate ventures. However, it is crucial to carefully evaluate any potential risks before embarking on this strategy. Crafting a well-thought-out financial plan is crucial for success, as it is essential to consider how market fluctuations could impact the investment. With careful consideration and a well-crafted plan, incorporating a condo into one’s investment strategy can greatly increase the potential for higher returns. Therefore, approaching this venture with thorough planning and careful consideration is imperative for achieving success as a savvy investor.

When it comes to investing in real estate, the location is a crucial factor that cannot be overlooked. This holds particularly true in Singapore, where the value of condos is greatly influenced by their location. Condominiums that are situated in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs have shown to have a higher appreciation in value. This can be seen in prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown growth over the years.

In addition to their strategic location, condos in these prime areas are also highly sought-after by families due to their proximity to good schools and educational institutions. This further increases their investment potential, making them a wise choice for investors. One such highly desirable condominium investment option is Singapore Condo. Its prime location coupled with its reputation as a family-friendly condominium make it a top choice for investors looking to make a profitable real estate investment in Singapore.…

The demand for condos in Singapore remains strong, and one of the key factors driving this trend is the limited land availability in the country. With a rapidly growing population and being a small island nation, Singapore is faced with a scarcity of land for development. As a result, strict land use policies are in place and the real estate market is fiercely competitive, leading to consistently rising property prices. It’s no wonder that investing in real estate, particularly condos, is seen as a highly profitable venture, with the potential for significant capital appreciation. This is further bolstered by the numerous Singapore Projects that attract both local and foreign investors.

Roxy Square, a freehold mixed-use development situated in the charming district of Katong, is set to be relaunched for collective sale, as announced by marketing agent JLL.

The development, which comprises of 296 shops, 26 apartments and the 576-room Grand Mercure Roxy Hotel, was previously put up for tender last July with a minimum price of $1.25 billion. However, the tender closed on Sept 26 with no buyers.

In light of this, JLL has reported that the owners of the development are currently in the process of signing a supplemental agreement to lower the collective sale price by 10.8% to $1.115 billion. This proposed lower price will only go through with support from at least 80% of the owners, which is currently being obtained as over 70% of owners are already in favour of the reduction.

Under the new price, the development is expected to have a unit land rate of $1,852 psf per plot ratio (ppr). This includes a Land Betterment Charge (LBC) at the gross plot ratio of about 3.86. Factoring in an additional 10% bonus gross floor area (GFA) for the residential component and the LBC, the land rate will be $1,804 psf ppr, according to JLL.

Commenting on the appeal of Roxy Square, JLL Singapore’s executive director of capital markets, Tan Hong Boon, says: “The private residential market in Katong has shown strong underlying support. Recent launches like Meyer Blue and Emerald of Katong have garnered impressive sales, boosting developers’ confidence in Roxy Square’s potential.”

Roxy Square enjoys a convenient location between Holiday Inn Express Singapore Katong and Katong Plaza, and is also next to Marine Parade MRT Station (Thomson-East Coast Line) with a direct underground connection. Coupled with its freehold tenure and established heritage locale, the development offers excellent accessibility to amenities.

Completed in 1996, Roxy Square has a gross floor area (GFA) of 668,000 sq ft and is partially zoned for commercial and residential use under the 2019 Master Plan, with a gross plot ratio of 3.0, along East Coast Road. The portion of the development that fronts Marine Parade Road is zoned for hotel use.

Based on recent planning advice from URA, the entire Roxy Square site has the potential to be rezoned for commercial and residential use, and could be redeveloped into a high-rise mixed-use development with a height of up to 75m.

According to JLL, the redevelopment of the site could potentially yield over 350 residential units, approximately 80,000 sq ft of retail and F&B space, and an additional 172,000 sq ft for office, hotel, or other commercial uses. The development also enjoys accessibility to East Coast Parkway (ECP) and Nicoll Highway, and is part of the Round-Island Route and Park Connector Network.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art facilities. The popularity of condos, situated in prime locations, has soared among both locals and foreigners due to their fusion of opulence and convenience. These lavish accommodations boast a plethora of facilities including but not limited to swimming pools, fitness centers, and security services, elevating the standard of living and rendering them alluring for potential renters and purchasers. For property investors, these sought-after features equate to higher rental returns and an appreciation in condo values over time. Condos truly offer the best of both worlds.

Tan adds: “The proposed reduction in reserve price, if supported by the majority owners, enhances the site’s appeal, especially considering the area’s consistent demand for quality residences. This sale will aim to thoughtfully shape a key part of Singapore’s East Coast for the future.”

The tender for Roxy Square is set to close on Feb 18 at 3pm. Interested buyers can check out the latest listings for Roxy Square properties and compare the price trend of new sale condos, resale condos, and ECs. They can also find out about landed transactions with the highest profits in the past year and the most unprofitable transactions.…

Investing in a Singapore condo offers numerous advantages, with one of the leading ones being the potential for capital appreciation. The country’s advantageous location as a global business hub, along with its robust economic fundamentals, results in a continuous demand for real estate. Over the years, the real estate market in Singapore has displayed a consistent upward trend, particularly in prime locations where condos have experienced significant appreciation. By entering the market at the right time and holding onto their properties for the long haul, investors can reap significant capital gains from their condos in Singapore.

The Arcady at Boon Keng, a new freehold condominium consisting of 172 units, will become an iconic residence in the heart of Boon Keng upon its completion in 2027. Developed by KSH Holdings, SLB Development and H10 Holdings, in collaboration with award-winning architectural firm, Park + Associates, this project promises to be a standout in the neighbourhood with its modern architecture and dense green spaces.

Since its launch in January, the project has received positive response from both local buyers and investors. The well-designed unit layouts, especially the one-bedroom plus study units and two-bedroom units, have appealed to many. Families have also shown great interest in the spacious units and the project’s family-friendly amenities.

Located in the city fringe, The Arcady at Boon Keng offers a rare opportunity for buyers to invest in an affordable freehold development. It is one of the few freehold projects launching this year in the area, making it a highly sought-after property.

Creating an urban oasis

The Arcady at Boon Keng is envisioned as an urban oasis with a curated landscape design that complements its bold architectural form. Developed by Park + Associates and landscape architects Ecoplan Asia, the project boasts a tiered design that leads from the Grand Arrival to the ground floor landscape deck, providing residents with a unique outdoor experience.

The development utilizes a multi-layered design to maximize greenery and combine various facilities into a ‘one-stop’ zone on just two floors. This efficient use of space can also be seen in other areas such as the Social Deck, Kids Playground, and Family Deck. The facilities include an infinity pool, spa pool, and family pool, with an indoor retreat at the second-storey Sky Terrace.

Luxurious living at its finest

In addition to the initial investment, it is crucial to take into account the maintenance and management of a condo. These types of properties typically come with monthly maintenance fees that cover the upkeep of communal spaces and amenities. While this may increase the overall cost of ownership, it also guarantees that the condo will remain in excellent condition and hold its value. For investors looking for a more hands-off approach, hiring a property management company can assist in the day-to-day management of the condo, making it a more passive investment.

Residents can indulge in a range of facilities designed for their diverse lifestyles and needs. From the Botanic Club and Community Garden on the rooftop to the Gourmet Vista on the 14th floor, which offers a 360-degree view of the skyline, The Arcady at Boon Keng provides an unparalleled living experience.

The residential tower and unit orientation have been carefully planned to capture the best views of the Kallang River. The development also minimizes traffic noise by tilting the units away from the main road. With an impressive 47 condo facilities spread over 4,000 sq m, every household will have access to their own pocket of excitement.

Efficient unit layouts for families

The developers have designed the units to be spacious and comfortable for families. The master bedroom can fit a king-sized bed, and the common bedrooms can accommodate a queen-sized bed. The project has seen strong sales for its larger units, including three-bedroom units, three-bedroom plus study units, and four-bedroom units. There are also two penthouses available for those looking for a luxurious living experience.

The Arcady at Boon Keng is conveniently located near reputable schools such as Bendemeer Primary School, Bendemeer Secondary School, St Andrew’s Junior School, and Hong Wen School. Residents can also enjoy the amenities at Woodleigh Mall and Bendemeer Mall, which are just a short distance away.

Ideal location and competitive pricing

The Arcady at Boon Keng is a rare find, offering a freehold property in a central location with easy access to major expressways like the CTE and PIE. It is also in close proximity to the upcoming Kallang Alive Masterplan, which will see the development of new sports and leisure facilities in the area.

With an average selling price of $2,570 psf, The Arcady at Boon Keng is attractively priced for its location. This makes it an ideal investment as well as a desirable home for families looking for convenience and luxury. The project is expected to draw interest from HDB upgraders and MOP units from the Bidadari estate.

Interested buyers can contact the developers’ appointed marketing agencies or visit the sales gallery, located beside City Square Mall.…

Savills Singapore has been appointed as the marketing agent for a portfolio of freehold strata retail units in Lucky Plaza, with an asking price of $52.6 million. Lucky Plaza, a popular mixed-use development located at Orchard Road, features both a residential tower and a six-storey mall with a basement.

The significance of location cannot be underestimated in the world of real estate investment, particularly in a vibrant city like Singapore. It is crucial to consider investing in a Condo that is situated in a prime location or near important amenities such as schools, shopping centers, and public transportation hubs as it has the potential to yield higher returns. The thriving districts of Orchard Road, Marina Bay, and the Central Business District (CBD) are excellent examples of highly sought-after locations where property values have consistently shown a gradual increase over time. Moreover, these areas boast prestigious schools and educational institutions, making Condos an appealing investment for families. Condo is a valuable addition to the real estate market in these prime locations.

The scarcity of land in Singapore is a major factor driving the high demand for condos in the country. As a small island with a rapidly increasing population, Singapore is facing a shortage of land for development. In response, the government has implemented strict land use policies and created a competitive real estate market where property prices continue to rise. This makes investing in real estate, especially in condos, a highly profitable choice as it promises significant capital appreciation. This is why many are turning to Singapore Projects as a smart investment option.

The portfolio comprises 14 retail units spanning the basement and first two levels of the mall. Ranging in size from 118 to 3,046 square feet, these units make up a total strata area of 7,266 square feet.

According to Sophia Lim, Director of Investment Sales and Capital Markets at Savills Singapore, the highlight of this offering is the food court, which spans seven adjoining strata units and can accommodate 11 stalls. Other businesses currently operating in the remaining units include a pub, retail shops, beauty service providers, and a maid agency.

Lim expects these retail units to benefit from high foot traffic, as they are located in the bustling Lucky Plaza. The basement food court, in particular, enjoys consistently strong crowds on a daily basis.

Interested buyers can purchase the entire portfolio at an asking price of $52.6 million or opt for individual strata units, priced from $1.1 million onwards. Foreigners and companies are eligible to make purchases without incurring additional buyer’s or seller’s stamp duty.

Lim also believes that prime strata freehold retail assets are highly sought-after among investors due to their scarcity and URA’s prohibition on further strata subdivision of commercial properties along Orchard Road. With URA’s planned revitalisation of the Orchard precinct, Lucky Plaza is expected to see further upside in terms of rental growth and capital appreciation.…

The Government Land Sale (GLS) site at Tengah Gardens Avenue has closed with three bids, after the tender closed on Jan 14. The top bid of $675 million, or $821 psf per plot ratio (ppr), was submitted by a consortium led by Hong Leong, together with GuocoLand Singapore and CSC Land Group.

The Government Land Sale (GLS) tender for the site at Tengah Gardens Avenue has closed on Jan 14 with three bids submitted. The top bid of $675 million, or $821 psf per plot ratio (ppr), was submitted by a consortium led by Hong Leong, including GuocoLand Singapore and CSC Land Group.

The 99-year leasehold site, which is zoned ‘Residential with Commercial at 1st storey’, measures approximately 273,906 sq ft with a maximum gross floor area (GFA) of 821,720 sq ft. According to URA’s estimation, the site has the potential to yield up to 860 residential units.

If awarded, the Hong Leong-led consortium plans to develop an 860-unit condo, taking advantage of the upcoming Jurong Region Line (JRL) nearby which will enhance connectivity. Loke Kee Yeu, general manager (Projects) at Hong Leong Holdings Limited, believes that the JRL will contribute to the growth of the new Tengah estate.

The Tengah Gardens Avenue site is located near the upcoming Hong Kah MRT Station on the JRL, which will be one stop from the upcoming Tengah Town Centre and offer a direct route to the second CBD at Jurong Lake District.

The top bid of $821 psf ppr for the site is only 0.73% higher than the second-place bid of $815 psf ppr, submitted by Chinese developer Kingsford Group. Local developer Sim Lian Group submitted the third and final bid of $812 psf ppr.

Despite the increase in homebuyer activity seen at the end of 2024, developers remain cautious, according to Leonard Tay, head of research at Knight Frank Singapore. Another GLS site at Dairy Farm Walk closed on Jan 14 with only two bids received.

Tay believes that developers may have chosen to focus on existing sites that are preparing for launch in 2025. He also notes that the tight bid price spread (less than 1%) indicates that developers are being more conservative in their bids.

Mark Yip, CEO of Huttons Asia, suggests that developers are trying to keep their land bids reasonable in order to maintain an attractive selling price for buyers. He expects to see more developers submitting joint bids for GLS sites this year in order to diversify their risks. This may be one of the reasons behind the consistent trend of receiving only three bids for GLS tenders.

Marcus Chu, CEO of ERA, suggests that the low number of bids may also be due to the current availability of GLS sites. He believes that with seven sites still open for tender and six more to be launched in the first half of 2025, developers are taking a cautious approach and weighing their options amidst moderated interest rates.

Moreover, Justin Quek, CEO of OrangeTee & Tie, points out that developers may have been considering bidding on a different GLS site along Lakeside Drive and Lakeside MRT, which is scheduled to launch for tender in April 2025. This could have also affected the interest in the Tengah Gardens Avenue site.

If awarded, the Tengah Gardens Avenue site will be the first private residential site in the Tengah HDB township, apart from Executive Condominiums (EC). Copen Grand, the first EC in the estate, was successfully launched for sale in 2022 and sold out within a month. The joint developers, City Developments Ltd (CDL) and MCL Land, secured the EC site with a winning bid of $400.32 million, or $603 psf ppr, in May 2021.

When purchasing a condo, it is crucial to take into account the maintenance and management of the property. In most cases, condos come with maintenance fees that cover the maintenance and upkeep of common areas and amenities. While these fees may increase the overall cost of ownership, they also guarantee that the property stays in good condition and maintains its value. Hiring a property management company can assist investors in managing their condos on a daily basis, making it a more passive investment.

The opportunity to launch the first private condo in the new Tengah estate may have attracted the Hong Leong-led consortium, according to ERA’s Chu. He believes that the developers see this as an opportunity to replicate their success at Lentor, Upper Thomson and Bugis in Tengah.

As the first private condo in the area, the development could attract a wider range of buyers compared to ECs, which are subject to HDB eligibility criteria and restrictions, such as a five-year minimum occupation period (MOP) and a monthly household income ceiling of $16,000. Mohan Sandrasegeran, head of research & data analytics at SRI, believes that the development’s proximity to the future Anglo-Chinese School (Primary) within 2km could make it very attractive to families with school-aged children.

Investing in a condo also comes with the added advantage of leveraging the property’s value to secure further investments. It is not uncommon for investors to use their condominiums as collateral in order to obtain additional funds for new investments, allowing them to expand their real estate portfolio. This approach can significantly amplify returns and open up new opportunities, but it also carries some risks. It is essential to have a well-planned financial strategy in place and carefully consider the potential impact of market fluctuations when making use of this tactic. With the added benefit of investing in a Singapore Condo, investors can take advantage of this leverage and continue growing their real estate investments.

PropNex estimates that if the site is awarded at the top bid of $821 psf ppr, the average selling price for the new private condo could be around $2,000 psf. This would make it the highest priced condo in the area.…