Month: January 2025

The demand for condos in Singapore is mainly fueled by the limited land available in the small island nation. With a growing population, Singapore faces challenges in finding enough land for development. As a result, strict land-use regulations are in place, and the real estate market remains highly competitive, leading to consistently high property values. Given these circumstances, investing in real estate, specifically a Singapore Condo, presents a lucrative opportunity for significant capital appreciation. With limited land supply and high demand, the value of condos in Singapore is expected to continue rising, making it a wise investment choice.

A new residential project in New York is set to be introduced to Singapore buyers during the weekend of Jan 11 and 12. Situated in Manhattan’s desirable Upper West Side, 720 West End Avenue boasts 131 luxurious residences, ranging from one to five bedrooms and including townhouses, duplexes, and penthouses with private terraces. With unit sizes varying from approximately 500 sq ft to over 3,700 sq ft, prices for these homes start at US$1.015 million ($1.38 million) for a one-bedroom unit.

When considering a potential investment in a condominium, it is vital to also carefully examine the potential rental yield. This refers to the amount of annual rental income that the property can generate as a percentage of its purchase price. In Singapore, the rental yields for condos can vary greatly depending on various factors, including the location, condition of the property, and market demand. The Projects in Singapore offered by can provide a range of rental yields, making it crucial for investors to conduct thorough research and consult with real estate agents to assess the rental potential of a specific condo. Properties located near business districts or educational institutions typically experience higher rental demand, resulting in better rental yields. By conducting a comprehensive analysis of the market and seeking expert guidance, investors can gain valuable insights into the rental potential of a condo investment. Singapore Projects.

Originally designed in 1927 by renowned New York architect Emery Roth, 720 West End Avenue was previously known as the Hotel Marcy. The 17-storey building exudes a striking Renaissance Revival-style facade, which has been meticulously preserved by the developers, Glacier Equities and InterVest Capital Partners. In addition, the building has been enhanced with two additional floors to accommodate the penthouse duplexes, while the interiors have been revitalized by renowned designer Thomas Juul-Hansen.

The development features an impressive array of amenities, spanning over 30,000 sq ft. These include a fitness center, private bar and dining room, library, co-working spaces, outdoor terraces and courtyards, private parking, and bike storage. Savills Singapore will be showcasing the development to local buyers on Jan 11 and 12 at voco Orchard Hotel. The event will also feature a seminar on the New York real estate market at 3pm on both days.…

offers a 7% guaranteed rental return for seven yearsAyana Residences introduces new tower with one- and two-bedroom units for lease

Owning a condo comes with many benefits, one of which is the ability to leverage the property’s value for additional investments. Many investors use their condos as collateral to secure funding for Singapore projects and expand their real estate portfolio. While this strategy can lead to greater profits, it also carries certain risks. It is crucial to have a sound financial plan in place and carefully assess the potential impact of market fluctuations on Singapore projects.

Ayana Bali, a 90-hectare integrated resort located in Bali, Indonesia, has recently revealed its latest residential offering, Alamanda Tower. This apartment complex features 26 units of one- and two-bedroom residences available for long-term leasing, with a minimum stay requirement of one month.

Alamanda Tower is a part of Ayana Residences, a collection of residential properties situated within the Ayana Bali estate. The sprawling estate is situated along the coastline of Jimbaran Bay and boasts four hotels (Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali and Rimba by Ayana Bali), the award-winning Ayana Spa, a golf putting course, a secluded beach, various event venues, and 30 dining outlets.

Residents of Alamanda Tower will have exclusive access to three rooftop pools, as well as the community centre at Ayana Residences, which includes a gym, lap pool, sauna, and steam room. Other benefits include a dedicated concierge team, bi-weekly housekeeping services, a buggy service within Ayana Bali, and a discount on all dining and selected spa services.

Alamanda Tower offers one-bedroom units measuring 1,173 square feet, with a starting price of approximately IDR70 million ($5,896) per month. Two-bedroom units without a private pool cover an area of 1,647 square feet and begin at about IDR100 million per month, while two-bedroom units with a private pool range from 2,045 to 2,648 square feet and start from about IDR120 million per month.

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One of the main factors contributing to the high demand for condos in Singapore is the limited supply of land. As a small country with a quickly expanding population, Singapore grapples with a shortage of land for construction. This has resulted in strict land utilization regulations and a cutthroat real estate industry where property values continue to rise. As a result, investing in real estate, especially condos, has become a profitable opportunity with the potential for significant capital growth. In fact, the recent introduction of new condo launches has only further fueled the demand for these highly desirable properties.

Ayana Bali is managed by Indonesia’s Ayana Hospitality, which also operates properties in Jakarta and Labuan Bajo.…

A major advantage of investing in a condo is the opportunity to leverage its value for future investments. Numerous investors utilize their condos as collateral to secure additional financing for other ventures, allowing them to expand their real estate portfolio. This approach can potentially increase profits, however, it is important to create a solid financial plan and carefully consider potential market fluctuations. Keep in mind that there are also additional risks to consider. With the addition of New Condo Launches, this investment strategy becomes more enticing and advantageous.

Surbana Jurong Group has recently announced the appointment of Professor Cheong Koon Hean to its board of directors. This move aims to enhance the company’s capability to deliver innovative and sustainable solutions for the built environment, as stated in a press release on Jan 6.

Condo investment offers a multitude of advantages, including the opportunity to leverage the property’s value for future investments. A common tactic among investors is to use their condos as collateral in order to secure additional financing for new ventures, thus expanding their real estate portfolio. This approach can potentially increase returns, but it also carries a certain level of risk. It is essential to have a solid financial plan in place and carefully consider the potential effects of market fluctuations before pursuing this strategy. Keeping an eye on new condo launches offered by companies like Freedom At Home Team can also provide valuable insights and opportunities for diversification.

Prof Cheong brings with her a wealth of experience, having served as the CEO of HDB from 2010 to 2020, and as the CEO of URA from 2004 to 2010. She currently holds the positions of Chair of the Lee Kuan Yew Centre for Innovative Cities and Professor of Practice at the Singapore University of Technology and Design. She is also the chairperson of the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

In addition to her impressive credentials, Prof Cheong also serves on the boards of the National University of Singapore and CapitaLand Group, further highlighting her knowledge and expertise in the industry. She also holds the role of Singapore’s non-resident ambassador to Finland.

Through the appointment of Prof Cheong, Surbana Jurong Group is poised to take on new challenges and continue to deliver sustainable and resilient solutions for the built environment. This is in line with the company’s commitment to promoting innovation and sustainability in the industry.…

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As Singapore’s population continues to grow, the demand for condos has reached an all-time high. This is largely due to the limited availability of land on this small island nation. With strict land use policies and a competitive real estate market, property prices are continuously on the rise. As a result, investing in real estate, especially in condos, has become a highly profitable venture with the potential for significant capital appreciation. New condo launches have become an attractive option for buyers looking to make a sound investment in Singapore’s flourishing real estate market.

River Valley Apartments, a freehold condominium situated in the prestigious District 10, has recently been put up for a collective sale through public tender. According to Knight Frank Singapore, the exclusive marketing agent, the development has a price tag of $56 million.

Built in the 1950s, River Valley Apartments is a four-storey residential complex comprising of 24 units. The property sits on a land area of approximately 12,408 square feet with a residential zoning and a gross plot ratio of 2.8. It is conveniently located just 500m away from the Great World MRT Station, making it easily accessible for residents. Additionally, popular shopping destinations like Great World City and Valley Point Shopping Centre are within walking distance. Families with young children will also appreciate the proximity to River Valley Primary School and Alexandra Primary School, both of which are within a 1km radius.

According to the Knight Frank Singapore, the site has the potential to be redeveloped into a boutique residential development with 37 new units, each with an average size of 915 square feet. They also add that taking into account the 7% bonus gross floor area allowed for balconies, the price of $56 million translates to a land rate of approximately $1,622 per square foot per plot ratio (psf ppr).

Chia Mein Mein, the head of capital markets (land and collective sale) at Knight Frank Singapore, points out that the site is in close proximity to three Government Land Sale (GLS) sites that were sold last year. In April 2024, Zion Road (Parcel A) was successfully awarded to a joint venture between City Developments and Mitsui Fudosan for a whopping $1.107 billion ($1,202 psf ppr). Only two months later, a GLS site at River Valley Green was sold for $463.99 million ($1,325 psf ppr) to Wing Tai Holdings. Lastly, in August 2024, Allgreen Properties successfully secured Zion Road (Parcel B) for $730.9 million ($1,304 psf ppr).

Mein Mein also noted that despite the lackluster home sales activity in the Central Region, developers are still showing interest in the River Valley and Zion Road location. This could be due to the belief that there will be high demand for prime properties once these projects are completed, after a long period of subdued activity.

When it comes to investing in a condo, securing financing is a crucial factor to consider. In Singapore, there are various mortgage choices available, but it is vital to have knowledge about the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, based on their income and current debt obligations. To navigate through this framework and make informed decisions, investors should seek assistance from financial advisors or mortgage brokers. This will prevent them from over-leveraging and allow them to explore potential Singapore projects.

According to Knight Frank Singapore’s estimate, owners of the units at River Valley Apartments, which range between 947 and 1,238 square feet in size, stand a chance to receive minimum sale proceeds of around $2 million to $2.6 million if the development is successfully sold. The latest sales transactions at River Valley Apartments show that the market is currently performing well.

The collective sale tender for River Valley Apartments will close on Feb 18, 3pm. Interested parties can check out the latest listings for River Valley Apartments properties on EdgeProp Buddy and inquire about past condo rental and sale transactions in District 10. The platform also provides information on profitable and unprofitable transactions, as well as a price trend chart for River Valley Apartments.…

The Urban Redevelopment Authority (URA) has given the green light to an outline application for the voluntary conservation of Golden Mile Tower. This would only be implemented if the 99-year leasehold development is successfully sold in a collective sale and the new developer plans to redevelop the property.

Based on documents obtained by EdgeProp Singapore, the government has indicated that if the developer voluntarily conserves the existing cinema block, it may allow the site’s gross plot ratio (GPR) to increase from 4.46 to 5.6, taking into account the current site area of 93,902.5 sq ft. This would subsequently boost the allowable gross floor area (GFA) of the redevelopment to 525,854 sq ft, a significant increase from its current GFA of 419,142 sq ft. Moreover, voluntary conservation would also allow for a higher maximum building height of 164m, as compared to the current height limit of 145m for the site.

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The cityscape of Singapore is characterized by impressive skyscrapers and state-of-the-art infrastructure. Condominiums, commonly found in highly sought-after locations, offer a perfect combination of luxury and convenience that appeals to both locals and foreigners. These residential units are well-equipped with various top-notch facilities including swimming pools, fitness centers, and security services, elevating the standard of living and making them a desirable choice for potential tenants and buyers. For investors, these attractive features translate into higher rental income and a steady increase in property values over time. With the addition of Singapore Projects, the condo scene in Singapore is booming even more.

In August last year, the owners of Golden Mile Tower made their third collective sale attempt, setting a reserve price of $556 million. This would have been the third en bloc sale and redevelopment of this 99-year leasehold development.

Investing in a Singapore condo has proven to be a lucrative opportunity, with an array of benefits to reap. Among the advantages, a high demand for condos can be seen, along with the potential for significant capital appreciation and attractive rental yields. However, potential buyers should not overlook crucial factors, such as location, financing options, government regulations, and current market conditions that can impact the investment. It is crucial for investors to conduct thorough research and seek professional advice before making any decisions to ensure maximum returns in Singapore’s dynamic real estate market. This is where Singapore Condo comes in, guiding and providing expert knowledge to both local and foreign investors seeking to diversify their portfolio or make a stable and profitable investment in Singapore condos. By carefully considering all aspects and seeking professional assistance, investors can make informed decisions and capitalize on the promising opportunities presented by Singapore’s condominium market.

According to Anna Tan, the business development director at Tag Realty, the marketing agent for the collective sale of Golden Mile Tower, the reserve price for the 99-year leasehold development has remained unchanged. This amounts to a land rate of $1,350 per sq ft, which includes the cost of renewing the land tenure but does not include land betterment charges.

“The increase in building height limit under the voluntary conservation option presents exciting possibilities for developers to revamp the property and create a striking presence in the skyline,” says Tan. “It also means that commercial and hotel spaces in the new development could feature 5m floor-to-ceiling heights, while residential units could offer 3.6m ceiling heights.”

The approved voluntary conservation of Golden Mile Tower holds significant value, especially since the neighboring Golden Mile Complex, now known as Golden Mile Singapore, was declared a conservation area in 2021. The development is a joint venture between Perennial Holdings and Far East Organization. The commercial units were launched in December last year and the new residential units, housed in a 45-storey tower, are expected to be launched in the current quarter.

“This is a rare opportunity to redevelop Golden Mile Tower, considering the limited land supply along Beach Road and the anticipated price appreciation due to ongoing rejuvenation efforts, such as the recent launch of Golden Mile Singapore and the surrounding Kallang Alive masterplan,” says Tan. “This redevelopment offers an opportunity to create a new mixed-use development in a prime location along Beach Road, and its heritage and future potential make it an attractive investment opportunity for both local and foreign investors.”…

Investing in real estate can be a lucrative venture, but location plays a crucial role in determining the success of the investment. This is especially true for properties in Singapore. Condos located in central areas or in close proximity to key amenities like schools, shopping malls, and public transportation hubs are known to experience a higher appreciation in value. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown a steady increase in property values over the years. The demand for condos in these areas is also driven by their close proximity to top-tier schools and educational institutions, making them a highly desirable choice for families and ultimately boosting their investment potential. Therefore, adding a Singapore Condo to your investment portfolio is a wise decision for potential long-term returns.

On the weekend of Jan 4-5, the sales gallery of Bagnall Haus at Upper East Coast saw a high number of visitors with 1,500 people in attendance. According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the developer of Bagnall Haus, many of the visitors were families residing in the East.

Bagnall Haus is one of the first new project launches of 2025 and has already drawn strong interest with its strategic location. The freehold development, which consists of 113 units, is a redevelopment of the former Bagnall Court, acquired by the developer for $115.28 million in January 2023.

One of the major selling points of Bagnall Haus is its close proximity to the upcoming Sungei Bedok MRT Interchange Station, which is less than a five-minute walk away. Additionally, it is also a five-minute walk to the Upper East Coast Bus Terminal, making it extremely convenient for residents to travel around.

Interested buyers can search for the latest new launches to find out more about the transaction prices and available units. The last new project launched in the Upper East Coast Road neighborhood was 15 years ago, making Bagnall Haus an exciting prospect for buyers.

The demand for condominiums in Singapore remains at an all-time high, largely due to the limited land availability in the country. As a tiny island nation experiencing rapid population growth, Singapore is facing the challenge of finding enough land for development. This has resulted in strict land usage regulations and a fiercely competitive real estate market, where property prices are constantly on the rise. As a result, investing in real estate, particularly in condos, has become an attractive proposition, with the potential for significant capital appreciation. With top-notch Singapore projects to choose from, the appeal of condo investments only continues to grow.

To cater to a diverse range of buyers, from investors to owner-occupiers, singles and families, the developer has a mix of units ranging from one-bedroom plus flexi starting from 495 sq ft to five-bedroom units of 1,528 sq ft. Prices start from $1.235 million, equivalent to $2,495 psf. The developer has also revealed that the average indicative price is around $2,450 psf.

Prospective buyers can also check out the latest listings for Bagnall Haus properties and ask for assistance from Buddy, a virtual assistant, for more information. For a quick comparison, they can take a look at the project summary for Bagnall Haus condo and compare the price trend of HDB vs condo vs landed properties. Additionally, they can also view recently launched projects and upcoming new launch projects to make a well-informed decision. To compare the price trend of condo new sale vs EC new sale, buyers can refer to the respective project summaries.…

Is it a Good Deal?: $301,000 for a four-room HDB flat in Tampines with remaining lease of 64 yearsHDB resale prices up 9.5% in 2024, slowing from previous quarter The Housing Development Board (HDB) flash estimates released on January 2, 2025, showed a 2.5% q-o-q increase in resale flat prices for the fourth quarter of 2024 – marking the 19th consecutive quarter of price increases in the HDB resale segment. This growth rate is slightly slower than the 2.7% q-o-q recorded in the previous quarter, indicating a moderate trend in the market.

Overall, the flash estimates also showed a 9.6% increase in HDB resale prices for the year 2024 – double the 4.9% growth registered in 2023. Although this is a significant increase, it is still lower than the 2022 price growth of 10.4% and the 2021 growth of 12.7%, according to Christine Sun, chief researcher and strategist at OrangeTee Group.

Caveat data from the Housing and Development Board downloaded from data.gov.sg on January 2, 2025, showed a slowdown in price growth for various flat types, notes OrangeTee. In the fourth quarter of 2024, the median price of four-room flats rose by 2.5% q-o-q, which is a slower pace than the 3.4% growth recorded in the third quarter of 2024.

Similarly, two-room flats saw a 2% q-o-q increase in resale prices in the fourth quarter of 2024, which is slower than the 3.9% growth in the previous quarter. Meanwhile, executive flats registered a 1.2% q-o-q price increase in the fourth quarter of 2024, compared to 1.7% in the third quarter of 2024.

In contrast, the prices of five-room flats grew by 3.2% in the fourth quarter of 2024, which is faster than the 1.2% increase in the third quarter of 2024.

Investing in a condominium in Singapore offers numerous benefits, including the potential for capital growth. With Singapore being a prominent global business center and boasting a robust economy, the demand for real estate remains constant. This has resulted in a consistent increase in property prices over the years, particularly in prime locations where condos are located. For those who enter the market at an opportune time and hold onto their properties for an extended period, attractive capital gains can be achieved. This makes investing in a condo in Singapore a smart choice for savvy investors.

Resale volume down 3.6% y-o-y in fourth quarter of 2024

The resale volume for the Housing and Development Board declined by 3.6% y-o-y to 6,314 units in the fourth quarter of 2024, compared to 6,547 transactions in the same period in 2023. This is also a 22.5% q-o-q decrease from 8,142 units in the third quarter of 2024.

Sun attributes the drop in HDB resale transactions primarily to the launch of over 8,500 new flats by the HDB in the October Build-to-Order (BTO) exercise, with many units located in prime and desirable locations. “The attractive features of these flats, including scenic views and proximity to MRT stations, diverted demand away from the resale market towards the BTO market,” she explains.

Sales are also typically slower during the year-end school holidays, when many Singaporeans tend to travel abroad. This leads to a decrease in house viewings and sales activities during this period.

However, Wong Siew Ying, head of research and content at PropNex, believes that the slower pace of growth in the fourth quarter of 2024 can be attributed to government intervention in August 2024, when the loan-to-value (LTV) limit for HDB loans was reduced by five percentage points to 75%. “Based on the weaker sales and slower growth in the HDB resale price index in the fourth quarter of 2024, it is likely that the August 2024 measures have had an impact on the market,” says Wong. “Moreover, the lower resale volume during the quarter likely also contributed to the slower price growth.”

Record-breaking 1,000 HDB resale flats hit $1 million in 2024

The total number of million-dollar HDB resale transactions declined to 283 units in the fourth quarter of 2024 from 331 units in the third quarter of 2024 due to the decrease in resale volume. Despite this, the total number of million-dollar transactions reached a record high of 1,033 units in 2024, notes OrangeTee’s Sun. “This figure is more than double the 469 million-dollar transactions recorded in the previous year,” she points out.

Toa Payoh town led the million-dollar resale flat deals in the fourth quarter of 2024, with 58 such transactions. Out of the 58, 20 were for four- and five-room units at Alkaff Vista in Bidadari Park Drive, which had recently crossed the five-year minimum occupation period (MOP). (* Based on caveats and may differ from actual numbers.)

“The new Plus and Prime classification of BTO flats may have driven more homebuyers to seek out HDB resale homes in central locations,” says Eugene Lim, key executive officer of ERA Singapore. “These buyers are unwilling to accept the resale restrictions such as a 10-year MOP, rental restrictions after MOP, subsidy clawback upon resale, and resale income cap on future buyers.”

HDB resale prices expected to continue rising in 2025

According to OrangeTee, HDB resale prices are expected to continue growing in 2025, but at a slower pace than in previous years. “In many areas, prices have already reached new highs, creating affordability concerns for many potential buyers,” adds Sun.

Furthermore, the ongoing supply of BTO flats is expected to help moderate price growth in the secondary market. However, the degree of price stabilisation will depend on the number of BTO flats the government plans to release in the upcoming years.

In February 2025, the HDB will launch its largest sale of balance flats (SBF) exercise, offering more than 5,500 flats across various towns, says Lee Sze Teck, senior director of data analytics at Huttons Asia. “Some prospective resale flat buyers have decided to wait to try their luck,” he adds.

Price growth and transaction volume to moderate in 2025

ERA expects resale prices to grow at a more measured pace in 2025 due to a reduced supply of flats reaching MOP, which has been a key driver of price growth in recent years, notes Lim. As such, he anticipates a 3% to 6% growth in HDB resale prices, with 26,000 to 27,000 resale units changing hands by the end of 2025.

Meanwhile, PropNex expects the HDB resale market to perform well in 2025, supported by healthy housing demand and fewer MOP flats coming onto the market. This may result in stable prices in the resale market, says Wong. “Resale flats will continue to enjoy strong buying interest from those with more pressing housing needs, applicants who cannot secure a BTO flat, and families with a tighter housing budget.”

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In summary, investing in a condominium in Singapore presents a myriad of benefits. This includes high demand from buyers and tenants, potential for appreciation in value, and appealing rental yields. However, it is crucial to carefully assess various aspects such as location, financing options, government regulations, and current market conditions. By conducting thorough research and seeking guidance from professionals, investors can make well-informed decisions and maximize their returns in Singapore’s dynamic real estate industry. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, considering a Singapore Condo is undeniably a lucrative opportunity. So, why not explore the possibilities and take advantage of this attractive investment opportunity now? Singapore Condo offers a great opportunity for anyone looking to benefit from the thriving real estate market in Singapore.

Wong believes that HDB resale flat prices may rise by 5% to 7% in 2025, with an estimated resale volume of 29,000 to 30,000 units.

The supply of BTO flats is expected to decrease in 2025 to 17,290 units, which is about 12% lower than the supply in 2024, notes Huttons’ Lee. “As there is no upfront information on the BTO projects with a shorter waiting time, buyers are likely to turn to the resale market,” he suggests.

Additionally, if interest rates decrease in 2025, buyers may be able to take on a larger loan amount to purchase a new home. “Some buyers may also consider buying an executive condo or a resale condo,” adds Lee. “The million-dollar flat market may stabilise at around 900 to 1,200 units in 2025.”

According to Huttons, it is projected that HDB resale flat transactions will end the year at 26,000 to 28,000 units, with resale flat prices likely to grow at a slower pace of 5% to 8%.…

Is it a Good Deal?: $538,000 for a four-room HDB in Bukit Batok with Balance Lease of 91 yearsIs it a Good Deal?: $780,000 for a five-room HDB in Bukit Panjang with remaining lease of 86 yearsIs it a Good Deal?: $608,000 for a five-room HDB in Punggol with remaining lease of 93 yearsIs it a Good Deal?: $480,000 for a three-room HDB in Tampines with remaining lease of 73 yearsIs it a Good Deal?: $595,000 for a five-room HDB in Queenstown with remaining lease of 78 years Is it a Good Deal?: $620,000 for a four-room HDB in Hougang with remaining lease of 81 years

The recently released HDB flash estimates for the fourth quarter of 2024 showed a 2.5% increase in resale flat prices, a slight slowdown from the 2.7% growth seen in the previous quarter. This marks the 19th consecutive quarter of price increases in the HDB resale market.

According to the flash estimates, the HDB resale prices grew by 9.6% in 2024, which is double the 4.9% growth seen in 2023. However, the growth is slower compared to the 10.4% increase in 2022 and the 12.7% growth in 2021, according to Christine Sun, Chief Researcher and Strategist at OrangeTee Group.

Investing in a condo in Singapore is steadily becoming a favored option for local and foreign investors, thanks to the nation’s flourishing economy, stable political environment, and exceptional quality of life. With its thriving real estate market, Singapore presents a plethora of opportunities for investors, and condos are a standout choice for their convenience, amenities, and potential for lucrative returns. This article will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore, including the latest updates on New Condo Launches.

Caveat data from data.gov.sg downloaded on Jan 2 at 8.15am showed a deceleration of price growth in certain flat types, notes OrangeTee. For instance, the median price of four-room flats saw a 2.5% increase quarter-on-quarter (q-o-q) in 4Q2024, a slower pace compared to the 3.4% growth seen in 3Q2024.

Similarly, two-room flats rose by 2% q-o-q in 4Q2024, slower than the 3.9% growth in 3Q2024. Executive flats saw a q-o-q price increase of 1.2% in 4Q2024, compared to 1.7% in the previous quarter.

In contrast, prices for five-room flats grew by 3.2% in 4Q2024, faster than the 1.2% increase seen in 3Q2024.

Resale volume down 3.6% year-on-year (y-o-y) in 4Q2024

The resale volume declined by 3.6% y-o-y to 6,314 units in 4Q2024 from 6,547 transactions in 4Q2023. It was down 22.5% q-o-q from 8,142 units in 3Q2024.

Sun attributes the decline in HDB resale transactions primarily to HDB launching over 8,500 new flats in the October Build-to-Order (BTO) exercise, with many units located in prime and desirable locations. “The attractive features of these flats, including scenic views and proximity to MRT stations, diverted demand away from the resale market towards the BTO market,” she adds.

Sales also slowed during the seasonal year-end school holidays, when many Singaporeans tend to travel abroad. Consequently, house viewings and sales activities typically decrease during this period.

However, Wong Siew Ying, Head of Research and Content at PropNex, attributes the slower pace of growth in 4Q2024 to government intervention in August 2024, when the loan-to-value (LTV) limit for HDB loans was reduced by five percentage points to 75%. “Based on the weaker sales and slower growth in the HDB resale price index in 4Q2024, the measures implemented in August 2024 are likely to be taking effect in the market,” says Wong. She adds that the lower resale volume during the quarter has also contributed to the slower price growth.

The total resale volume in 2024 was 28,876 units, which is 8% higher than the 26,735 units recorded in the previous year and 27,896 units in 2022. However, it is still lower than the peak of 31,017 units in 2021.

Decline in million-dollar flat transactions in 4Q2024

The decline in resale transactions in 4Q2024 led to a decrease in million-dollar flat transactions to 283 units from 331 in 3Q2024. Despite the drop, the total number of million-dollar transactions reached a record high of 1,033 units in 2024, notes OrangeTee’s Sun. “This figure is more than double the 469 million-dollar transactions recorded in the previous year,” she points out.

Toa Payoh town led the million-dollar resale flat deals in 4Q2024, with 58 such transactions – 20 of which were for four- and five-room units at Alkaff Vista in Bidadari Park Drive, which had recently reached the five-year minimum occupation period (MOP).

When making the decision to invest in a condominium, it is crucial to also take into account the maintenance and management of the property. Condos typically have a maintenance fee associated with them, which covers the cost of maintaining shared areas and amenities. Although this fee may increase the overall cost of ownership, it serves as a guarantee that the property will be well-maintained and maintain its value. Investors can opt to hire a property management company to handle the day-to-day tasks involved in managing their condos, turning the investment into a more hands-off endeavor. For a comprehensive list of potential condo investment opportunities, explore the various Singapore Projects.

“The new classification of Plus and Prime classification BTO flats may have driven more homebuyers to seek out HDB resale homes in central locations,” says Eugene Lim, Key Executive Officer of ERA Singapore. “These buyers are unwilling to accept the resale restrictions such as a 10-year MOP, rental restrictions after MOP, subsidy clawback upon resale and resale income cap on future buyers.”

HDB resale prices are expected to continue rising in 2025, but at a slower rate than in previous years, says OrangeTee. “In many areas, prices have already reached new highs, creating affordability concerns for many potential buyers,” adds Sun.

Furthermore, she adds that the ongoing supply of BTO flats is expected to help moderate price growth in the secondary market. However, the degree of price stabilisation will depend on the number of BTO flats the government plans to release in the upcoming years.

In February 2025, HDB will launch its largest sale of balance flats (SBF) exercise, offering more than 5,500 flats across various towns, says Lee Sze Teck, Senior Director of Data Analytics at Huttons Asia. “Some prospective resale flat buyers have decided to wait to try their luck,” he adds.

Price growth, transaction volume to moderate

ERA expects resale prices to grow at a more measured pace in 2025 due to a reduced supply of flats reaching MOP, which has been a key driver of price growth in recent years, notes Lim. Hence, he anticipates a 3% to 6% growth in HDB resale prices, with 26,000 to 27,000 resale units changing hands by the end of 2025.

PropNex expects the HDB resale market to perform well in 2025, underpinned by healthy housing demand and fewer MOP flats coming on – possibly keeping resale prices firm, says Wong. “Resale flats will continue to enjoy strong buying interest from those with more pressing housing needs, applicants who cannot secure a BTO flat, and families with a tighter housing budget.” She projects that HDB resale flat prices may rise by 5% to 7% in 2025, supported by a resale volume forecast of 29,000 to 30,000 units.

The supply of BTO flats in 2025 will be further reduced to 17,290 units, about 12% lower than the supply in 2024, notes Huttons’ Lee. “As there is no upfront information on the BTO projects with a shorter waiting time, buyers are likely to go to the resale market,” he reckons.

With interest rates potentially going lower in 2025, buyers may consider buying an executive condo (EC) or a resale condo, or resale HDB flats with a longer lease. The million-dollar flat market may stabilise in the range of 900 to 1,200 units in 2025, he adds.

Huttons projects that HDB resale flat transactions will end the year at 26,000 to 28,000, with prices likely to grow at a slower pace of 5% to 8%.…

Singapore-based property developer Roxy-Pacific Holdings is set to unveil its latest project, Bagnall Haus, this Saturday, January 4, along Upper East Coast Road. The freehold development is a redevelopment of the former Bagnall Court, which was acquired by Roxy-Pacific in February 2023 for $115.28 million. This translates to a land rate of $1,106 per square foot per plot ratio.

The new development is a low-rise, five-storey block comprising of 113 apartments and two shop units. The units range from one-bedroom plus flexi, starting at 495 square feet, to five-bedroom apartments spanning 1,528 square feet. Prices for a one-bedroom plus flexi start from $1.235 million, with a price per square foot of $2,495. Executive chairman of Roxy-Pacific Holdings, Teo Hong Lim, revealed that the average indicative price for the project will be around $2,450 per square foot. The official launch date will be announced following the preview on the weekend.

Situated less than a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines, Bagnall Haus offers convenient access to public transportation. It is also a short walk to the Upper East Coast Bus Terminal. Additionally, the project is located across the road from a future commercial and residential mixed-use development site in the upcoming Bayshore precinct. Teo explained that residents of Bagnall Haus will have access to the future amenities at the Bayshore precinct.

When it comes to real estate investment in Singapore, location plays a vital role. This is because the value of a property is greatly influenced by its surroundings. In Singapore, properties located in central areas or near important amenities, such as schools, shopping malls, and public transportation hubs, have a higher appreciation rate. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown an increase in property values. This is why investing in a condo in these areas can be a lucrative decision. Furthermore, the proximity to reputable and high-quality schools and educational institutions adds exponential value to condos in these locations, making them highly desirable for families. If you’re looking to invest in Singapore, consider the various Singapore Projects available in these prime locations to maximize your investment potential.

The last private condominium launched in the Upper East Coast neighbourhood in District 16 was Eastwood Regency by Fragrance Group in January 2010. The 75-unit, freehold boutique apartment project was completed the same year. Nearby is the 160-unit, freehold Country Park Condo by UOL Group, which was launched for sale in 1999 and completed in 2003. Another neighbouring development, the 99-year leasehold mixed-use Eastwood Centre, with 48 residential units, was launched in 1996 by Ho Bee Land and completed in 1998.

Singapore’s real estate market continues to flourish, making it a top destination for both local and foreign investors. The city-state’s strong economy, stable political climate, and exceptional quality of life have contributed to the increasing demand for condominiums. And it’s no surprise, as Singapore has earned the moniker “City in a Garden” and is a global financial hub. With the various opportunities available, condominiums have emerged as a popular pick due to their convenience, amenities, and potential for impressive returns. This article will delve into the advantages of investing in a Singapore condominium, along with important considerations and necessary steps to take.

Known as the “City in a Garden,” Singapore offers a thriving economy, reliable political environment, and efficient infrastructure, making it an ideal location for real estate investments. Among the different types of properties, condominiums have garnered a significant amount of interest due to their alluring features.

Condominiums in Singapore offer a convenient lifestyle, as many are located in prime areas near the city center, essential amenities, and transportation hubs. This makes them an attractive option for working professionals, families, and retirees. In addition, most condominiums come equipped with a variety of facilities, such as swimming pools, gyms, and 24-hour security, providing residents with a comfortable and safe living environment. These added conveniences also increase the value of the property, making it a lucrative investment opportunity.

However, before venturing into the Singapore condominium market, it’s important to consider several crucial factors. First and foremost, understanding your investment goals and financial capabilities is essential. This will help identify the type of condominium that aligns best with your needs, whether it’s a cozy studio apartment or a larger unit with multiple bedrooms. Additionally, conducting thorough research on market trends and seeking guidance from a reputable real estate agent will provide valuable insights into the property’s current and future prospects.

Once you have found a suitable condominium, the next step is to secure financing. Singapore offers a range of financing options for both locals and foreigners, including bank loans and housing grants. It’s advisable to compare interest rates and loan packages to find the most suitable one for your budget and requirements. Furthermore, be sure to factor in any additional costs, such as stamp duties and legal fees, when planning your finances.

In conclusion, investing in a Singapore condominium is a wise decision, given the country’s robust economy, stability, and high quality of life. With their convenience, amenities, and potential for impressive returns, condominiums are an excellent choice for investors. However, it’s crucial to conduct thorough research, seek expert advice, and carefully plan your finances before making the investment. So, if you’re looking for a solid and profitable investment opportunity, consider adding a Singapore condominium to your portfolio. Singapore Condo is a great addition to any investment portfolio.

Bagnall Haus offers easy access to amenities such as the upcoming Bedok Food Court and the Eastwood Centre, which houses a Cold Storage supermarket, a medical clinic, a dentist, a nail and beauty spa, and a pet shop. Schools in the vicinity include Temasek Primary and Temasek Secondary School, Bedok Green Primary School, and Anglican High School. Interested buyers can check out the latest listings for Bagnall Haus properties on a variety of online platforms.…

Singapore has long been renowned for its impressive and modern urban landscape, characterized by towering skyscrapers and advanced infrastructure. A prominent feature of this landscape is the abundance of luxurious condominiums, strategically located in prestigious areas. These condos offer the perfect blend of luxury and convenience, making them highly sought after by both locals and foreigners alike. Boasting state-of-the-art amenities such as swimming pools, fitness centers, and top-notch security services, these residential units elevate the standard of living for their residents. As a result, they are in high demand among potential renters and buyers, making them a sound investment for investors. With their highly desirable features, condo owners can expect to see higher rental returns and a steady increase in property value over time, making them a lucrative choice for investment opportunities.

Investing in real estate requires careful consideration of location, and this is especially important in Singapore. Condos located in central areas or in close proximity to important amenities, such as schools, shopping centers, and public transportation, have a higher potential for value appreciation. Prime locations in the country, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values. Families also prioritize the proximity to reputable schools and educational institutions, making condos in these areas a highly desirable investment option. With the addition of Condo, these properties become even more attractive for potential investors.

CDL, Frasers Property and Sekisui House to launch 777-unit The Orie on Jan 3The highly anticipated launch of The Orie, a 777-unit private condo, is set to take place on Jan 3, with its official launch following on Jan 18. Located on Lorong 1 Toa Payoh, the project is a joint venture between developers City Developments Limited (CDL), Frasers Property and Sekisui House. Spread across two 40-storey towers, the units are a mix of one-bedroom plus study apartments ranging from 517 sq ft to five-bedroom units of 1,453 sq ft. Prices for the units start from $1.28 million for a one-bedroom plus study, $1.48 million for a two-bedroom, $2.09 million for a three-bedroom, $2.92 million for a four-bedroom and $3.48 million for a five-bedroom with an exclusive private lift. The Orie marks the first new launch of a private condo since 2016, when the 578-unit Gem Residences was launched and completed in 2020. The joint venture secured the government land sales (GLS) site for The Orie at a record-high bid of $968 million, translating to a land rate of $1,360 psf per plot ratio (ppr). The three developers have a 50:25:25 split in the joint venture, with CDL taking the majority share.”We are thrilled to kick off the New Year with the launch of The Orie, the first private residential development in Toa Payoh in over eight years,” says Sherman Kwek, group CEO of CDL. He adds that the project’s location in the highly sought-after and vibrant Toa Payoh estate will be a major draw for homebuyers due to its central location and excellent connectivity. The Orie is a five-minute walk to Braddell MRT Station on the North-South Line (NSL) and is near the Toa Payoh Integrated Transport Hub, which is slated for completion in 2030. The 12-ha development will include a sports centre with swimming pools, indoor sports halls and other amenities, a football stadium, a polyclinic and a public library. Other amenities in the area include the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and MacRitchie Reservoir. The Orie is also near reputable schools such as Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools and First Toa Payoh Primary School. As for healthcare facilities, they include Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital and Thomson Medical Centre. Located in District 12 in the city fringe or Rest of Central Region (RCR), The Orie provides easy access to the CBD and Orchard Road shopping belt, notes Soon Su Lin, CEO of Frasers Property Singapore. The Orie is a low-energy development that boasts over 40 condominium facilities. Units feature efficient layouts, quality fittings by Hansgrohe, bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung. Takehisa Yanagi, managing officer and head of international development department at Sekisui House, says the project marks a new partnership between the Japanese developer and CDL. However, he adds that Sekisui House and Frasers Property have collaborated on projects in Singapore for the past 13 years. The latest transactions at Gem Residences, which is also located in Toa Payoh, show a median transaction price of $1,675 psf, with the latest transaction recorded on Nov 23, 2019. A total of 18 units were sold in 2019, compared to nine units in 2018. Don’t miss out on the opportunity to own a unit at The Orie – the first private launch in Toa Payoh in over eight years. Book your appointment for Jan 3, and don’t forget to view the latest listings for The Orie properties on EdgeProp.…