Month: January 2025

EDGEPROP – A rare opportunity to purchase a freehold 15-room loft hotel at 739-1 Geylang Road in District 14 has emerged, with a price tag of $14 million. The 2-storey property, with the added bonus of a newly constructed 4-storey rear extension, sits on a 1,273 sq ft land area and boasts an approved gross floor area (GFA) of up to 3,186 sq ft.

Singapore is renowned for its condo living, with a wide range of options available for condo investments. But when it comes to choosing the right condo to invest in, location is key. This is especially true for the condo market in Singapore, where condos situated in central areas or near essential amenities tend to have the greatest potential for appreciation in value. Condos located in popular areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in their property values, making them highly sought after by investors.

One of the main reasons why these areas are considered prime locations for condo investments is their accessibility. With easy access to public transportation hubs and major roads, residents are able to easily commute to work or travel to other parts of the city. Condos in these areas also offer convenient access to a variety of amenities, such as shopping malls, restaurants, and entertainment facilities, making them a popular choice for individuals and families alike.

In addition to location, another factor that adds to the value of condos in these areas is their proximity to reputable schools and educational institutions. Families with children often prioritize living near good schools, making condos in these areas highly desirable and in high demand. This demand contributes to the appreciation of condo values in these locations, making them a smart choice for investors.

With its thriving condo market and desirable locations, Singapore offers a plethora of options for condo investments. However, for those looking to make a profitable investment, it is crucial to carefully consider the location of the condo. This will not only ensure potential for appreciation in value, but also offer convenience and accessibility for both residents and potential tenants. Ultimately, investing in a well-located condo in Singapore can be a profitable and rewarding decision.

One of the most attractive features of this hotel is its permanent ‘Hotel’ zoning and usage approval, a coveted designation for new conservation shophouses in Singapore. This approval not only enhances the property’s long-term investment potential, but also provides operational flexibility. Additionally, its prime location, just a 5-minute walk from Paya Lebar MRT station, offers excellent connectivity as it serves both the East-West and Circle lines, making it easy for guests to travel to any part of Singapore.

Designed with a sophisticated Japandi theme, the hotel is currently undergoing construction and is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price includes all construction and renovation costs, making it a turnkey investment for those looking to enter or expand their presence in the hospitality sector.

For investors, this property presents an appealing opportunity. The current owner, a seasoned hotel operator, is open to a sale and leaseback arrangement. This arrangement allows for immediate rental income and operational continuity. Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, believes this hotel will attract owner-operators as they can take advantage of the major renovations, allowing for a smooth start to operations.

The demand for hospitality assets in Singapore has been on the rise in the past year. Recent notable transactions include LHN Group’s acquisition of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. Last year, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million. Additionally, Hotel JJH, a 25-room property at 747 North Bridge Road, is now on the market for $38 million. These transactions demonstrate the strong appetite for well-located, high-quality hospitality assets, which are considered one of the most desirable commercial shophouse usage classes in Singapore.

For more information, interested parties can contact Eva Lau at 92785688.

This property is a rare find in the bustling city of Singapore. Located at 739-1 Geylang Road in District 14, this two-story loft hotel is now available for purchase at $14 million. Along with a newly constructed four-story rear extension, this freehold property sits on a 1,273 sq ft site and boasts an approved gross floor area (GFA) of up to 3,186 sq ft.

One of the most unique features of this hotel is its permanent ‘Hotel’ zoning and usage approval. This is a highly coveted designation for new conservation shophouses in Singapore, making this property a great long-term investment opportunity. The prime location, which is only a 5-minute walk from the Paya Lebar MRT station, provides unbeatable connectivity. With the Paya Lebar MRT station serving both the East-West line and Circle line, guests can easily travel to any part of Singapore.

Currently in the process of construction, this hotel is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price includes all construction and renovation costs, making it a hassle-free, turnkey investment for those looking to enter or expand their presence in the hospitality sector.

For investors, this property offers a number of appealing benefits. The current owner, who has extensive experience in the hospitality industry, is open to a sale and leaseback arrangement. This provides an opportunity for immediate rental income and ensures operational continuity. According to Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, this hotel will attract owner-operators who can take advantage of the major renovations, allowing for a smooth and efficient start to operations.

The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art facilities. Condos, strategically situated in desirable locations, offer a fusion of opulence and practicality that captivates both locals and foreigners. These units boast an array of conveniences, from indulgent swimming pools and fitness centers, to reliable security services, elevating the standard of living and drawing in potential renters and buyers. For savvy investors, these alluring features translate to better rental returns and appreciation of property values in the long term. With Condos, the possibilities for real estate success are endless.

In a time when the demand for hospitality assets in Singapore is steadily increasing, this property stands out. Recent notable transactions in the industry include LHN Group’s purchase of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. In addition, an 8-story hotel at 12 Lorong 12 Geylang went on the market for $120 million last year. Currently, Hotel JJH, a 25-room property at 747 North Bridge Road, is available for purchase at $38 million. These transactions showcase the strong demand for well-located, high-quality hospitality assets, making them one of the most desirable commercial shophouse usage classes in Singapore.

For more information on this property, interested parties can contact Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, at 92785688.…

JLL Names James Cameron as Head of Energy and Infrastructure for Asia Pacific

Real estate consulting firm JLL has recently announced the appointment of James Cameron as the new head of energy and infrastructure for Asia Pacific in their capital markets business line. The position was created to be based in Singapore, as stated in the firm’s press release on January 14th.

Cameron’s main responsibility will be to spearhead the establishment of a team in Asia Pacific. This addition to JLL’s EMEA Energy & Infrastructure business will enable them to offer a comprehensive global capital advisory service, catering to the needs of local and international developers and investors.

According to JLL, Cameron’s appointment reflects their long-term strategy to address the capital requirements for expanding infrastructure and promoting renewable energy in order to tackle the challenges brought by decarbonisation, digitalisation, economic growth, and rapid urbanisation.

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Investing in a condominium (condo) in Singapore is a wise financial decision as it offers a promising potential for capital appreciation. This bustling city is strategically located as a global business hub and boasts strong economic foundations, which contribute to a continuous demand for real estate. The real estate market in Singapore has consistently shown an upward trend in property prices, particularly in prime locations such as those featured in various Singapore projects. With the right timing and long-term investment, buyers can reap significant profits from the appreciation of their condo’s value.

Stuart Crow, CEO of capital markets for JLL Asia Pacific, says “We see great potential in utilizing our unique expertise in mobilizing multiple sources of capital and JLL’s unmatched track record in advising renewable transactions globally to serve the needs of the energy and infrastructure sector across Asia Pacific.”

Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams across the region. His primary focus will be on sourcing capital and providing transaction advisory services for large infrastructure and renewable transactions, catering to various clients including institutional investors, private equity, asset managers, strategic infrastructure and renewable operators and developers, high-net-worth individuals, and family offices.

Understanding the regulations and limitations surrounding property ownership in Singapore is crucial for international investors. While foreigners have relatively easy access to purchasing condominiums, stricter guidelines apply to landed properties. Additionally, foreign buyers are required to pay a 20% Additional Buyer’s Stamp Duty (ABSD) for their initial property acquisition. Nevertheless, the enduring stability and potential for growth in the Singapore real estate sector continue to entice foreign investment. Learn more about the latest opportunities for new condo launches to stay up-to-date on the evolving market.

With over 25 years of experience in real asset capital markets, Cameron previously served as the global head of commercial real estate at Standard Chartered Bank. His vast experience in mobilizing private and public equity and financing on a global and regional level will be a valuable asset to JLL.

Crow adds, “James’ expertise in this field is unparalleled in the region, and we are confident that he will establish JLL as the leading firm in this sector through his skills and client relationships.”

In other news, JLL reports a 40% increase in capital market deals in 2024, following interest rate cuts.

JLL is also pleased to announce the appointment of Jolyon Thomson as Executive Director of Logistics and Industrial in Singapore.

Furthermore, a recent survey conducted by JLL reveals that about 80% of occupiers in Singapore are aiming for fully green-certified portfolios by 2030.

JLL continues to make strides in the real estate industry and its latest appointments reflect their commitment to providing top-notch services to their clients.…

There is an exciting opportunity for potential buyers looking to live in the prestigious Belmont Park GCB area, as two adjacent Good Class Bungalows (GCBs) located at 52 and 54 Belmont Road are now up for sale. These two freehold properties, believed to be owned by related individuals, occupy a combined land area of 41,741 sq ft and have an indicative price of $88.8 million. This translates to a price of $2,128 psf on the land area. The marketing agent for these properties, Sakal Real Estate Partners, also mentions that they have a 44m frontage along Belmont Road and an average depth of 66m.

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Singapore is currently facing a high demand for condos, and one of the main factors driving this trend is the limited availability of land. Being a small island nation with a rapidly expanding population, Singapore struggles with a scarcity of land for development. In response to this challenge, the government has implemented strict land use policies, which have contributed to a highly competitive real estate market. As a result, property prices continue to rise, making investing in real estate, particularly in condos, a profitable venture with the potential for substantial capital appreciation. For those looking to invest, Singapore condos are a popular and promising choice.

When investing in Singapore’s real estate market, it is essential for foreign investors to be familiar with the various regulations and limitations pertaining to property ownership. Unlike landed properties, condos are generally more accessible to foreign buyers as they have less stringent ownership rules. However, it is important to note that foreign purchasers are required to pay for Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their first property purchase. Despite this additional expense, the stability and potential for growth in the Singapore real estate market remain highly attractive, making it a popular choice for foreign investment. Consider investing in a Singapore Condo for your next investment venture.

According to Lennon Koh, senior director at Sakal, this is an ideal opportunity for families looking to build a new home for multigenerational living or extended families living together. He also adds that developers seeking to tap into the exclusive GCB market may also be interested in these properties.

Recent transaction data from the Urban Redevelopment Authority (URA) shows that the most recent sale on Belmont Road was in December last year, when a GCB with a land area of 19,549 sq ft was sold for $40 million. This works out to be $2,046 psf. In July 2024, a pair of adjacent GCB plots on Belmont Road were sold for $131.4 million, or $3,000 psf based on the combined land area of 43,790 sq ft. Another nearby GCB at Bin Tong Park was sold for $84 million in April, with a land area of 28,111 sq ft and a price of $2,988 psf.

Sakal also notes that the estimated total value of GCB transactions in 2024 was $1.32 billion, which exceeded that of 2023 and 2022 at $433 million and $1.18 billion respectively. With the resilient demand for GCBs, Steven Ming, managing director at Sakal, believes that these GCBs on Belmont Road will see strong interest. He predicts that there will be more GCB transactions in 2025.

The expression of interest (EOI) exercise for these GCBs will close on March 13 at 3pm. Interested buyers are encouraged to seize this opportunity to own a prestigious property in the highly sought-after Belmont Park GCB area.…

When buying a Condo, it is essential to consider the responsibilities and upkeep involved. In most cases, owning a Condo also means paying maintenance fees to cover the costs of maintaining shared spaces and amenities. Although these fees may add to the overall cost, they provide assurance that the property will be kept in good condition and retain its value. Utilizing the services of a property management company can help investors in managing the day-to-day tasks of their Condo, making it a more hands-off investment.

When it comes to investing in condos in Singapore, one must consider the government’s property cooling measures. Over time, the Singaporean government has implemented various measures to regulate speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes for foreign buyers and those purchasing multiple properties. Although these measures may affect the immediate profitability of condo investments, they ultimately contribute to the market’s long-term stability, creating a secure environment for investments. Check out Singapore Projects for more information on available investment opportunities.

JLL, a leading real estate consulting firm, has announced the appointment of James Cameron as the new head of energy and infrastructure for Asia Pacific in its capital markets division. This newly created position, based in Singapore, will support the firm’s goal of building a stronger presence in the region.

Cameron brings with him over 25 years of experience in real asset capital markets, having previously served as the global head of commercial real estate at Standard Chartered Bank. He will be responsible for establishing a specialized team in Asia Pacific, complementing JLL’s existing EMEA Energy & Infrastructure division and creating a global capital advisory capability to better serve local and international developers and investors.

The firm believes that Cameron’s appointment is in line with the long-term capital requirements necessary for the infrastructure and renewable energy build-out needed to address the challenges of decarbonization, digitalization, economic growth, and rapid urbanization.

According to Stuart Crow, CEO of JLL Asia Pacific’s capital markets division, there is a significant opportunity to leverage the firm’s expertise in mobilizing various sources of capital and its strong track record in advising on renewable energy transactions globally to serve clients in the energy and infrastructure sector in Asia Pacific.

Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams across the region to focus on identifying capital raising and transaction advisory opportunities for large infrastructure and renewable energy projects. This includes serving institutional investors, private equity firms, asset managers, strategic infrastructure and renewable energy operators and developers, high net-worth individuals, and family offices.

Crow is confident that Cameron’s extensive experience in this field will solidify JLL’s leadership position in the region and strengthen their client relationships.…

Owning a Singapore condo can bring about a multitude of advantages, one of which is the ability to capitalize on its value for future investments. In simpler terms, investors can utilize their condo as collateral to acquire additional financing for new ventures, allowing them to expand their real estate portfolio. While this can lead to significant returns, it is not without its own set of risks. It is crucial for investors to have a solid financial plan in place and to carefully weigh the potential consequences of market fluctuations before making any investment decisions. With a well-crafted strategy, investing in a Singapore condo, such as Singapore Condo, can present great opportunities for growth in the ever-changing real estate market.

Singapore’s condo market continues to thrive, fueled by the limited availability of land in the small island country and its ever-expanding population. In response, the government has implemented strict land use regulations, leading to a highly competitive real estate market and steadily rising property prices. As a result, investing in real estate, specifically condos, has become an immensely lucrative opportunity with the promise of substantial potential returns. With such favorable conditions, condos have solidified their position as a top choice for property investment in Singapore.

Last weekend, One Bernam, a mixed-use development in Tanjong Pagar, put 87 of its 351 residential units up for sale at promotional prices. Jointly developed by MCC Land and Hao Yuan Investment, this 99-year leasehold apartment tower was first launched in May 2021. As of Jan 10, over 75% of the units had been sold at an average price of $2,585 psf, according to caveats lodged. The promotional prices were applicable to the remaining 87 units, which included one-bedroom, two-bedroom, and three-bedroom units, as well as penthouses. To see the latest prices and availability of new launches, visit New Launches.One-bedroom units, ranging from 441 sq ft to 463 sq ft, saw discounts of $323,000 to $438,000, with prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf).The two-bedroom units, with sizes between 700 sq ft to 732 sq ft, had discounts of $437,000 to $668,000, with units selling at prices from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). The two-bedroom plus study units, sized between 807 sq ft and 872 sq ft, saw discounts ranging from $380,000 to $800,000, with prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf). The three-bedroom apartments, spanning 1,421 sq ft, had discounts between $616,000 and $830,000, with prices of $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).One of the showflats at One Bernam. The project is set to be completed by March 2026. (Photo: MCC Land)According to Marcus Chu, CEO of ERA Singapore, the strong sales performance reflects the high interest in this property as a stable and high-potential asset. He adds that 78% of the buyers purchased their units for investment purposes, with 87% being Singaporeans, and 70% between the ages of 31 to 50. Following the overwhelming response over the weekend, only three penthouses remain for sale, bringing the total sales to 99%. These include two three-bedroom penthouses with sizes of 1,744 sq ft and 1,948 sq ft, and a five-bedroom penthouse with an area of 4,306 sq ft. To read more about Altez vs Skysuites@Anson, and how the layout of a unit can affect its price over the long run, check out Skysuites@Anson vs. Altez: How unit layout affects prices over the long run.As the project is set to be completed by March 2026, investors can expect to start generating rental income, which can help finance their loan payments, Chu notes. According to data from EdgeProp Landlens, existing condominiums in the area, like Altez, 76 Shenton, and EON Shenton, are fetching monthly rents ranging from $6.90 psf to $7.40 psf. (Source: EdgeProp Landlens)To compare prices of new and resale condos, visit Compare price trend of New sale condo vs Resale condo, and district rental listings for District 2. In terms of the buyer profile for One Bernam, Chu notes that the reduced competition from foreign buyers, due to the hike in Additional Buyer’s Stamp Duty (ABSD) imposed in 2023, has opened up more opportunities for local buyers to enter the market. “Local demand will continue to drive the Central Core Region (CCR) property market, with competitive prices making these developments an attractive and stable investment choice,” Chu adds. For more information on One Bernam properties, take a look at BuddyPrice, or check out the price trend chart for One Bernam. For information on new launches, visit Upcoming new launch projects. To view property listings in District 2, visit Any condo rental listings in District 2?. For more information on the buyer profile for One Bernam, check out One Bernam’s buyer profile.…

The Real Estate Developers’ Association of Singapore (Redas) has recently elected its new management committee for a two-year term. During the Annual General Meeting held on January 9th, members have unanimously re-elected Tan Swee Yiow, Chairman of Keppel Reit Management, for his second term as President.

In his statement, Tan expresses his gratitude for the re-election and states that the new management committee is well-represented by members from various sectors, scales, and expertise in the real estate industry. The new management committee consists of Immediate Past President Chia Ngiang Hong, Group General Manager of City Developments, First Vice President Kwee Ker Wei, Director of Pontiac Land Group, Second Vice President Marc Boey, Executive Director of Project Services at Far East Organization, Honorary Secretary Chong Hock Chang, Group Director of Projects and Marketing at Ho Bee Land, Honorary Treasurer Neo Soon Hup, COO of UOL Group, Honorary Assistant Secretary Chew Peet Mun, Managing Director of Investment and Development at CapitaLand Development Singapore, and Honorary Assistant Treasurer Tho Leong Chye, Managing Director of Allgreen Properties.

Furthermore, during the REDAS 65th anniversary celebration, Chia Ngiang Hong, Immediate Past President of Redas, congratulated the new management committee on their election, praising Tan’s exemplary leadership. He believes that Tan’s re-election reflects the trust and confidence placed in him by the Redas community.

In response, Tan acknowledges the diversity of the new management committee and believes that it will contribute to driving initiatives that will have a significant impact on the built environment ecosystem. He also adds that it is a privilege to work with such a dedicated and talented team.

Some of the initiatives that the new management committee aims to drive include the implementation of the Environmental Sustainability and Governance (ESG) framework and the introduction of green premiums in the real estate industry.

Investing in a condominium in Singapore is now a top pick among both domestic and international investors, thanks to the country’s strong economy, stable political climate, and exceptional quality of life. With an abundance of options in Singapore’s real estate market, condos are a clear standout due to their convenience, amenities, and potential for profitable returns. This article will delve into the advantages, important factors to consider, and necessary steps to take when considering a condo investment in Singapore. Additionally, staying updated on new condo launches can provide valuable insights for potential investors in the city-state.

In addition to these initiatives, the REDAS-Real Estate Institute of Technology (REIT) Joint Accreditation Programme, which certifies the skills and competencies of real estate salespersons, is also a key focus for the association.

Overall, the new management committee is committed to driving positive change and promoting sustainable development in the real estate industry.

Investing in a condominium requires careful consideration not only of its overall value but also its potential rental yield. This term refers to the percentage of annual rental income compared to the purchase price of the property. In Singapore, the rental yield of condos can vary greatly depending on several factors, including location, property condition, and overall market demand. A prime location near commercial and educational hubs often results in higher rental demand and consequently, a more attractive rental yield. To accurately assess the rental potential of a specific condo, it is essential to conduct thorough market research and seek guidance from experienced real estate agents. It may also be beneficial to explore new condo launches, which may offer even greater potential rental yields. For more information on new condo launches, you can visit New Condo Launches.…

The recent sale of a 3,767 sq ft unit at The Arcadia has been the talk of the town, as it broke records as the most profitable resale transaction in the last three weeks of December. The lucky owner of this four-bedroom unit on the seventh floor celebrated the new year with a whopping profit of $3.25 million (217%) when the property was sold for $4.75 million ($1,261 psf) on December 10.

Investing in a condominium in Singapore comes with many perks, one of which is the potential for capital appreciation. As a global business hub, Singapore boasts a strategic location and robust economic fundamentals, creating a constant demand for real estate. Throughout the years, real estate prices in this country have consistently shown an upward trajectory, with prime location condos experiencing substantial appreciation. By investing in the right projects at the opportune time and holding onto them for the long run, investors can reap considerable capital gains. Furthermore, with emerging projects like Singapore Projects, the possibilities for growth and returns are even more promising.

Purchasing a condominium in Singapore offers numerous benefits, with one of the most notable being the potential for capital appreciation. This country’s advantageous location as a global business hub, combined with its solid economic foundations, results in a constant demand for real estate. Throughout the years, property values in Singapore have demonstrated a consistent upward trajectory, particularly in prime locations where condo units have experienced notable appreciation. By entering the market at an opportune time and holding onto their properties for an extended period, investors can reap significant capital gains. This is especially true for those investing in Singapore projects.

Records show that the unit was originally purchased for $1.5 million ($398 psf) in 1998, making this resale a highly profitable one with an annualized profit of 4.5% over a span of 26 years. The rest of the year had also seen a number of profitable resales at The Arcadia, with five units ranging from 3,714 sq ft to 3,821 sq ft, sold for profits ranging from $60,000 to $3.25 million.

Notably, the second most profitable resale during this period was a 3,778 sq ft unit on the fourth floor, which was sold for $4.6 million ($1,218 psf) on October 10 last year, providing the seller with a profit of $60,000. However, the most profitable transaction at The Arcadia to date remains the sale of a 7,503 sq ft penthouse on the 10th floor in 2010, which was bought for $5.5 million ($733 psf) and sold for a staggering $10 million ($1,333 psf), resulting in a profit of $4.5 million (81%) and an annualized profit of 19% over three years.

Nestled in prime District 11, The Arcadia is a 99-year leasehold condo along Arcadia Road. Completed in 1983, this development boasts 164 units and has about 54 years remaining on its land tenure. Surrounded by landed estates and Good Class Bungalows, as well as top schools such as Raffles Girls Primary School, Hwa Chong Institution and National Junior College, it is no surprise that resales at The Arcadia have been highly profitable.

Meanwhile, the second most profitable resale during this period took place at Tanglin Hill Meadows on December 10. The lucky seller of a 2,077 sq ft unit on Tanglin Hill made a profit of $2.7 million (150%) when the property was sold for $4.5 million ($2,166 psf), after being purchased for $1.8 million ($866 psf) in 1999. This makes it the most profitable transaction to date at Tanglin Hill Meadows, dethroning the previous record of $2.28 million (157%) when a 2,002 sq ft unit was sold for $3.73 million ($1,863 psf) back in 2010. The seller of this unit had purchased it for $1.45 million ($724 psf) in 2005, resulting in an annualized profit of 21% over five years.

Tanglin Hill Meadows is a freehold condo along Tanglin Hill in District 10, which was completed in 1997 and is situated within the Ridley Park Good Class Bungalow Area. However, the biggest losses continue to be incurred at Seascape, a 99-year leasehold condo located in Sentosa Cove. On December 18, the seller of a 2,174 sq ft unit on the seventh floor suffered a loss of $1.97 million (33%) when the unit was sold for $3.98 million ($1,830 psf), after being purchased for $5.95 million ($2,736 psf) in 2011. This resulted in an annualized loss of 2.5% over 13 years.

This marks the third resale transaction at Seascape last year, all of which recorded losses ranging from $1.75 million to $2.53 million. The biggest loss of $2.53 million was incurred when a 2,680 sq ft unit was sold for $4.5 million ($1,679 psf) on August 14, 2024. Completed in 2012, Seascape features 151 units facing the South China Sea. It offers three-bedroom and four-bedroom units ranging from 2,164 sq ft to 4,069 sq ft, penthouses between 3,380 and 4,252 sq ft, and sky villas from 6,631 to 9,666 sq ft.…

A newly completed Good Class Bungalow (GCB) in the coveted Victoria Park neighborhood is now available for sale at a staggering price of $61 million. This luxurious seven-bedroom bungalow was built just three years ago and is situated at the end of a cul-de-sac on Victoria Close, an exclusive area with only 10 houses.

Investing in a condo in Singapore has many benefits, one of which is the potential for significant capital appreciation over time. With its strong economic foundation and strategic location as a global business hub, Singapore maintains a constant demand for real estate. This has contributed to a steady increase in property prices over the years, particularly for condos located in prime areas. By carefully timing their investment and holding onto their properties for a longer period, investors can reap the rewards of substantial capital gains. Additionally, with the continuous launch of new condos, such as the ones available at New Condo Launches, there are even more opportunities for investors to take advantage of this capital appreciation phenomenon in Singapore.

When considering investing in a condo, it is crucial to carefully evaluate not only the property itself, but also its maintenance and management. Unlike traditional homes, condos often incur maintenance fees for the upkeep of shared areas and amenities. While these fees may increase the overall cost of owning a condo, they also offer the security of ensuring that the property will be well-maintained and retain its value. At , we provide investors with the option to delegate the management of their condo investment to a professional property management company, making it a more hands-off type of investment. This alleviates the responsibility of daily tasks associated with owning a condo, allowing investors to focus on other aspects of their lives while still benefiting from their investment in a well-maintained and valuable condo.

As with other gazetted GCB areas in Singapore, the number of houses in this prestigious enclave cannot be increased without subdividing a larger plot of land exceeding 30,000 sq ft, in compliance with planning guidelines. This information was shared by Jervis Ng, associate group district director at PropNex Realty, who is also the agent responsible for marketing the sale of this remarkable GCB. Ng is also the founder of JNA Real Estate, a property team under PropNex.

According to Ng, this means that the privacy and exclusivity enjoyed by the GCBs in Victoria Park Close will be preserved, a top priority for many ultra-high-net-worth individuals and their families who are willing to pay a premium to obtain it. He also mentions that in recent months, there has been an influx of new naturalized Singaporeans into the GCB market, which has boosted the buying sentiment. This GCB is expected to attract newly minted Singaporeans who grew up in countries like China, India, or Indonesia and are on the lookout for a trophy home in Singapore.

Notably, the Victoria Park GCB area boasts of illustrious residents, including Jack Ma, the Chinese business magnate and co-founder of Alibaba Group, and Tang Wee Kit, a member of the Tang family known for founding Tangs department store.

Ng remarks that the GCB on sale has been exceptionally well-maintained, giving it a brand-new appearance. It features a modern interior design with top-notch materials and finishes. Additionally, the property sits on a sprawling 18,988 sq ft plot, and the owners worked closely with the architect to maximize the land area’s usage.

The GCB boasts a total built-up area of 25,300 sq ft, comprising seven en-suite bedrooms, three helpers’ rooms, and a basement carpark with enough room for seven cars. The basement also houses an entertainment room that has been designed as a home cinema, but can easily be converted into a guest room if required. There is also a private gym and a 20m lap pool.

Situated atop a hill, most of the rooms in this GCB offer stunning views of the surrounding low-rise neighborhood, according to Ng.

Resale transactions in the Victoria Park GCB area have been relatively few in recent years. According to caveats, the land on which the GCB is located was purchased for $18.2 million in September 2016, equating to a land rate of $959 psf. The most recent transaction in Victoria Park Close was in May 2021, where a 15,253 sq ft plot sold for $28.33 million, which translates to a land rate of $1,857 psf. Before that, a 29,956 sq ft plot was sold for $40 million ($1,335 psf) in April 2017. In Victoria Park Road, the last recorded GCB sale was in November 2011, where a 32,077 sq ft site was sold for $48 million ($1,496 psf).

Ng believes that factors such as the expected lower interest rates, sustained demand from ultra-high-net-worth buyers, and the limited supply of GCBs will ensure stable market conditions and drive transaction activities in the GCB market this year. He predicts a 10% to 15% increase in GCB transaction volume from last year, barring any significant economic disruptions.

In 2020, there were approximately 35 GCB transactions, generating a total transaction volume of $1.32 billion, which was significantly higher than the previous record of $1.186 billion achieved in 2019.…

ETC, the local real estate advisory firm, has officially changed its name to ETC with immediate effect, as part of a rebranding exercise that also includes a revamped logo.

According to ETC’s CEO Desmond Sim, the decision to adopt ETC as the company’s new name was driven by its employees, highlighting the importance the company places on their insights, voices, and ideas. “The new name has long been a familiar abbreviation for Edmund Tie & Company among our clients and staff,” Sim explains.

He adds, “Our refreshed identity reflects our growth as a unified ETC and showcases our commitment to shaping the future of real estate, both locally and regionally.”

Singapore’s cityscape boasts towering skyscrapers and state-of-the-art infrastructure. Among these developments, condominiums stand out as a sought-after housing option, particularly in prime locations. These premier residences offer a perfect combination of luxury and convenience, catering to the preferences of both locals and expatriates. With facilities such as swimming pools, fitness centers, and round-the-clock security, condos elevate the standard of living and entice potential tenants and buyers. Furthermore, investors can look forward to higher rental returns and appreciating property values over time. For the latest and most exciting condo launches, explore New Condo Launches.

This rebranding coincides with ETC’s 30th anniversary. Established in 1995, ETC offers a wide range of services covering all stages of a real estate asset’s life cycle – from advisory and investment to management and divestment.

Investing in a condo has several advantages, one of which is the ability to utilize the property’s value to make new investments. A lot of investors utilize their condos as security to secure extra funding for other ventures, giving them the opportunity to grow their real estate portfolio. While this can potentially yield higher returns, it’s important to note that there are also risks involved. Therefore, having a solid financial plan and carefully considering the potential effects of market fluctuations is crucial, especially when dealing with condo investments.

In recent news, ETC has also completed the $5 million renovation of Marina Bay Residences, enhancing the living experience for its residents and delivering value in premium rents. Other notable transactions include the sale of three food factory units at Pandan Loop for $11 million and the sale of Noel Building in Tai Seng for $81.18 million, 17% above the guide price. The industrial GS Building in Balestier was also sold for $67 million.…

Ultimately, there are many benefits to be gained from investing in a condominium in Singapore. These include a high level of demand, potential for significant appreciation in value, and attractive rental yields. However, it is crucial to carefully consider various factors before making such a substantial investment. These factors may include the condo’s location, financing options, government regulations, and overall market conditions. By conducting thorough research and seeking guidance from industry professionals, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer interested in a stable and profitable investment, Singapore’s condo market presents a compelling opportunity. To learn more about the latest and most exciting Singapore projects, consider visiting Singapore Projects for valuable insights and insider information. With careful consideration and expert guidance, you can confidently enter the vibrant world of Singapore’s real estate market and reap the rewards of your investment.

An exquisite Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave has been put up for sale through an expression of interest (EOI) exercise, with an estimated price of $60 million. According to a press release by esteemed marketing agent Cushman & Wakefield on January 8, the price equates to $2,742 per square foot (psf), reflecting a land area of 21,881 square feet.

Shaun Poh, the executive director of capital markets at Cushman & Wakefield, highlights the unique features of the freehold plot, as it is situated on elevated ground, making it an ideal location for redevelopment. “It presents a perfect opportunity for buyers looking to design and construct their dream multi-generational home, or for developers to create a luxurious and state-of-the-art GCB that caters to the discerning tastes of affluent individuals.”

In addition to its prime location, the property is adjacent to the renowned Singapore Botanic Gardens and just a short drive from the bustling Orchard Road shopping district. This highly coveted address is also in close proximity to prestigious schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution, and Hwa Chong Institution.

Poh further highlights the desirability of the neighbourhood, particularly among ultra-high net worth individuals, as evidenced by recent transactions at Nassim Road and Tanglin Hill, which have set new record land prices of $4,500 psf and $6,200 psf respectively.

Interested buyers or developers may submit their bids for the property through the EOI exercise, which will close on February 11 at 3pm.

Investing in a condo involves more than just purchasing the property. Along with the purchase price, buyers must also consider the ongoing maintenance and management of the unit. This includes paying a monthly maintenance fee that covers the upkeep of shared spaces and amenities. While these fees may increase the total cost of owning a condo, they also ensure that the property is well-maintained and retains its value over time. To help make this investment more passive, investors can enlist the services of a property management company to handle day-to-day tasks related to the condo. Furthermore, keeping an eye on New Condo Launches can also be beneficial in finding a well-maintained and valuable property for investment.…