Month: February 2025

Acquiring financing is a crucial factor in investing in a condominium. In Singapore, there are various mortgage solutions available. However, it is imperative to familiarize oneself with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the maximum loan amount that a borrower can obtain based on their income and current debt commitments. Knowing about the TDSR and collaborating with financial consultants or mortgage brokers can guide investors in making well-informed choices about their financing alternatives and prevent them from overstretching their resources. Additionally, interested individuals can find out more about financing options for Singapore projects at Singapore Projects.

CapitaLand India Trust (CLINT) has announced its intention to acquire an office project in Nagawara, Outer Ring Road, Bangalore, for $233.6 million through a forward purchase agreement with Maia Estates Offices.

The acquisition of this 1.13 million sq ft office project is expected to have a positive impact on earnings and distributions for unitholders. On a stabilized basis, net profit is projected to be $7.7 million, while distribution per unit is expected to increase from 6.84 cents to 6.98 cents.

The office project is part of a mixed-use development that includes both office and retail space. Under the terms of the forward purchase agreement, CLINT will fully fund the development of the office project and receive interest on the funding at a higher rate than its borrowing cost.

For those looking to invest in overseas properties, there are a variety of projects available for sale around the world.

Investing in a Singapore Condo offers a plethora of benefits, making it a highly sought-after investment opportunity. With its high demand, potential for capital appreciation, and attractive rental yields, it is no surprise that many investors are flocking to this dynamic real estate market. However, as with any investment, careful consideration must be given to various factors such as location, financing options, government regulations, and market conditions. By conducting extensive research and seeking professional advice, investors can make well-informed decisions and maximize their returns in Singapore’s condominium market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, Singapore Condos present a compelling opportunity that should not be overlooked.

Upon completion of the development, which is estimated to be in the first half of 2030, CLINT will acquire the office space and Maia will retain the retail portion. This will expand CLINT’s operational area in Bangalore to 9.9 million sq ft, up from the current 8.7 million sq ft.

CLINT’s other properties under development in Bangalore include two office buildings in Gardencity, an IT Park at Hebbal, and another IT park at ITPB.

With the addition of the office project, the total size of CLINT’s portfolio, including committed investment pipeline, will increase by 4.0% from approximately 30.2 million sq ft to approximately 31.47 million sq ft.

According to CEO of CLINT, Gauri Shankar Nagabhushanam, “The acquisition of this strategically located office project will further enhance CLINT’s presence in Bangalore, one of India’s most prominent office markets. In 2024, Bangalore recorded its highest ever leasing levels for Grade A office space. ORR is the largest office micro-market in Bangalore, and with the addition of this prime office property, we will be able to provide our tenants with a wider range of premium office space options across key micro-markets in Bangalore.”

On Feb 21, units in CLINT remained unchanged at $1.…

Securing financing is a crucial factor when it comes to investing in a condo. In Singapore, there are various mortgage choices available, but it is crucial to be well-informed about the Total Debt Servicing Ratio (TDSR) framework. This framework limits the loan amount that a borrower can obtain based on their income and current debt commitments. To navigate through this process, it is highly recommended to seek the guidance of financial advisors or mortgage brokers. By understanding the TDSR and seeking professional assistance, investors can make well-informed decisions about their financing options and avoid over-extending their finances. Additionally, it is worth checking out New Condo Launches, which offers exciting new opportunities for condo investments.

A successful collective sale deal has recently been closed for River Valley Apartments, a freehold condominium located on River Valley Road. The sale was for a whopping $56 million and marks the first of its kind to be completed in 2025. The land rate for the deal translates to $1,622 psf per plot ratio (psf ppr).

As the marketing agent, Knight Frank Singapore announced in a press release that the purchaser is a local family office with plans for redevelopment into serviced apartments. The Urban Redevelopment Authority (URA) has already granted an Outline Permission for the development of these new serviced apartments.

Chia Mein Mein, the head of capital markets (land and collective sale) at Knight Frank Singapore, stated, “This marks the first collective sale site sold in 2025, amid a challenging collective sale market, especially for the residential sector.” The collective sale of River Valley Apartments is also the first residential site to be sold in a prime district since May 2023 when Kew Lodge was sold for $66.8 million to Aurum Land.

According to Chia, the tender for River Valley Apartments received a lot of interest from potential buyers. She attributes its appeal to its excellent location in the popular River Valley neighborhood and the potential for redevelopment into a serviced apartment project that fits into the rapidly growing living sector in Singapore.

River Valley Apartments consists of a four-story building with 24 units. The site covers 12,408 sq ft and is zoned “residential” with a gross plot ratio of 2.8 under the latest Master Plan. The owners of River Valley Apartments launched the collective sale of the development on January 7th with a guide price of $56 million.

Jerry Tan, chairman of the River Valley Apartments collective sale committee, stated, “We had attempted to initiate the collective sale exercise in the past, and this is the first time we have secured the 80% owners’ consensus to proceed with the tender launch.” With this successful sale, the strata-titled owners of River Valley Apartments can expect to receive a minimum of $2 million to $2.6 million each based on the sale price.

In summary, acquiring a Singapore Condo provides numerous benefits, including a high demand, potential for asset growth, and appealing rental returns. However, it is crucial to carefully evaluate various factors, such as location, financing options, government regulations, and current market conditions. By conducting thorough research and seeking professional guidance, investors can make informed decisions and maximize their profits in Singapore’s dynamic real estate industry. Whether you are a local investor diversifying your portfolio or a foreign buyer seeking a stable and lucrative investment opportunity, Singapore Condos offer a compelling option.

Potential buyers can also check out the latest listings for River Valley Apartments properties and compare them with other properties in the area using the Ask Buddy feature on the website. There have been no unprofitable transactions for River Valley Apartments, and the price trend for this development shows a steady increase. Interested buyers can also view the past sale transactions for River Valley Apartments and check for any available rental listings in District 10.…

in 19 yearsDistrict 11, 10 private residential resale market still active in May by Valerie KoritynSource: https://www.edgeprop.sg/property-news/luxury-development-nassim-9-saw-most-profitable-private-non-landed-resale-transaction-recent-week

The prestigious Nassim 9 development has set a new record for the most profitable private non-landed resale transaction in the period of Feb 4 to Feb 7. The sale involved a four-bedroom unit located on the third floor, spanning 2,486 sq ft, and was transacted for a staggering $7.5 million, or $3,016 psf, on Feb 7.

According to URA caveats, the unit was initially purchased for $4.12 million ($1,641 psf) in December 2005. This means that the seller made a profit of $3.42 million, or 83.8% of their original purchase price. This equates to an annualised gain of 3.2% over a period of 19 years.

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

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

Nassim 9 is a boutique development with only eight units, located along Nassim Road in prime District 10. It was completed in 2002 and consists of four-bedroom units ranging from 2,756 to 3,423 sq ft.

Another noteworthy transaction during the period was the sale of a triplex penthouse unit at Mount Faber Lodge, a freehold development located along Mount Faber Road in District 4. The 1,238 sq ft unit on the 28th floor was sold for $5 million ($1,350 psf) on Feb 5. It had last changed hands in August 2001 for $1.6 million, resulting in a profit of $3.4 million (212.5%), or an annualised gain of 5% over a period of 23.5 years.

The sale on Feb 5 set a new record for the most profitable unit at Mount Faber Lodge. The previous record was held by a three-bedroom unit spanning 2,669 sq ft on the third floor, which was sold for $3.89 million ($1,457 psf) in October 2022. This unit was initially purchased for $1.3 million ($487 psf) in January 2006, resulting in a profit of $2.59 million (199.2%).

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Securing financing is a crucial aspect of investing in a condo. Fortunately, in Singapore, there are various mortgage options available. However, it is essential to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan an individual can take based on their income and existing debt obligations. Being well-informed about the TDSR and seeking guidance from financial advisors or mortgage brokers is crucial for investors in making wise decisions about their financing options. It also helps in avoiding the potential risks of over-leveraging. New condo launches are also worth considering as they provide exciting opportunities for potential returns on investment. To ensure a successful condo investment, it is important to carefully consider all financing possibilities and seek professional advice when needed.

When it comes to investing in real estate, location plays a significant role, and this is especially true in Singapore. Condos in prime locations, such as central areas and near important amenities like schools, shopping malls, and public transportation hubs, have a higher chance of appreciating in value. This is evident in areas like Orchard Road, Marina Bay, and the Central Business District (CBD), where properties have consistently shown growth over the years. Additionally, condos in these areas are highly sought after by families due to their proximity to reputable schools and educational institutions, making them an even more appealing investment option. By choosing to invest in a Condo in these prime locations, investors can increase their chances of reaping significant returns on their investments.

Mount Faber Lodge was completed in 1983 and has 84 units, including studio units spanning 1,098 sq ft, two- and three-bedroom units from 1,173 to 2,454 sq ft, and 20 five-bedroom triplex penthouses ranging from 3,703 to 3,724 sq ft.

The third most profitable deal during the period was the sale of a three-bedroom unit at Amaryllis Ville, a 99-year leasehold condo in prime District 11. The 1,238 sq ft unit on the 28th floor was sold for $2.65 million ($2,141 psf) on Feb 5. It had last changed hands for $1.09 million ($884 psf) in June 2005, resulting in a profit of $1.56 million (142.2%), or an annualised gain of 4.6% over a period of 19.5 years.

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

Recent data has shown that resale prices at Amaryllis Ville have been on the rise, with a 4% year-on-year increase in February 2024, reaching an average of $2,082 psf. The development houses a mix of one- and two-bedroom units from 657 to 1,378 sq ft, three-bedroom units from 958 to 2,637 sq ft, and 378 five-bedroom triplex penthouses from 3,703 to 3,724 sq ft.

Overall, the period in review saw no unprofitable transactions. The rental market for condo properties in Districts 10 and 11 remains active, with several high value transactions recorded. Other notable developments with profitable transactions during the period include Kopar at Newton, Rochelle at Newton, and Nassim 9.…

8M Residences Takes Top Spot in Private Condos With New Psf-Price Peak Node Condos, a freehold condo located in District 23, saw a new psf-price high of $2,500 psf when a 1,346 sq ft unit on the second floor was sold for $3.36 million on Feb 5. Previously, the highest transaction was $3.18 million ($2,362 psf) for a 1,346 sq ft, three-bedroom unit on the 7th floor in February 2022. This marks a record increase of 5.89% for the condo. Completed in 2020, the freehold condo consists of 71 residential units. It has a mix of two- to four-bedroom apartments ranging from 764 sq ft to 2,314 sq ft. With just two transactions in the last three years, resale prices at Node Condos have seen increases of 5.9%. In February 2022, a 1,151 sq ft unit was sold for $2.9 million ($2,524 psf). GW Six Avenue, a freehold condo located in District 10, took fourth place on the list of private condos that achieved a new psf-price high. A 2,056 sq ft unit on the 2nd floor was transacted for $4.4 million on Feb 4, setting a new record of $2,140 psf for the condo. This surpasses the previous peak of $2,062 psf set in November 2022 when a 1,841 sq ft unit on the 5th floor fetched $3.79 million. Completed in 2020, GW Six Avenue is a boutique development with 20 units. It is located within walking distance of Sixth Avenue MRT Station on the Downtown Line and serves the school district of Nanyang Primary School and Raffles Girls’ Primary School. In terms of absolute price, the most expensive resale unit sold at GW Six Avenue was a 4,219 sq ft, five-bedroom unit that fetched $9.6 million ($2,277 psf) in November 2023. Read also: Resale prices continue to rise in February with 0.8% m-o-m increase in February: SRX GW Six Avenue has 2 units available for sale and 4 units for rent. Know more about GW Six Avenue. Update: The EdgeProp Research team has identified some discrepancies in the initial calculations and have updated the story to reflect the correct figures. The correct average price of units at Kovan Jewel is $2,111 psf, not $2,121 psf as stated earlier. The increases for resale prices at Node Condos and GW Six Avenue have also been updated from 5.05% to 5.89% and 0.97% to 2.9% respectively.

8M Residences has once again made headlines by topping the list of private condos to hit a new psf-price peak in the week of February 1 to 7. The freehold development, located in District 15, achieved a new high of $2,384 psf when a two-bedroom unit spanning 646 sq ft on the 15th floor was sold for $1.54 million on Feb 3. This marks the first time a unit at 8M Residences has been sold for more than $2,300 psf.

When making the decision to invest in a condo, it is crucial to also take into account the maintenance and management aspect of the property. These types of properties usually come with maintenance fees that cover the upkeep of communal areas and amenities. Although these fees may increase the overall cost of owning a condo, they play a vital role in preserving the property’s value and condition. To make the investment more passive, investors can enlist the services of a property management company to handle the day-to-day responsibilities of managing their condos. If you are looking for new condo launches, consider partnering with our team at Freedom At Home Team to make the best investment decision.

Investing in real estate is a strategic decision, and location plays a crucial role in its success. This is especially true in the bustling city of Singapore. Condos that are situated in central areas or in close proximity to essential amenities like schools, shopping malls, and public transportation hubs tend to have a higher appreciation in value. Some prime locations in Singapore that have consistently shown growth in property values include Orchard Road, Marina Bay, and the Central Business District (CBD). Additionally, condos located near reputable schools and educational institutions are highly sought after by families, making them even more valuable investments. Considering all these factors, investing in a condo in a prime location in Singapore can be a smart move for any investor.

This record-setting sale surpasses the previous peak of $2,261 psf set in April 2023, when a similar 646 sq ft, two-bedroom unit on the 11th floor was sold for $1.46 million. The strong demand for 8M Residences is evident as another transaction during the period in review also surpassed the April 2023 record. On Feb 3, a 527 sq ft, one-bedroom unit on the 11th floor was transacted for $1.2 million ($2,275 psf).

Interestingly, the most expensive unit to change hands at the development, in terms of absolute price, is a 1,841 sq ft, three-bedroom unit that was sold for $2.85 million ($1,548 psf) in October 2012 when it was first launched by the developers. This further highlights the strong growth in prices at 8M Residences over the years.

Resale data compiled by EdgeProp Singapore shows that prices have consistently risen at 8M Residences in the past few years. Based on a 12-month rolling average, the average price of units at the condo has risen by 7.3% over the last three years, from $2,028 psf in February 2022 to $2,177 in February 2025.

Completed in 2017, 8M Residences is a 20-storey residential tower with 68 units. The project offers a mix of one- to three-bedroom units ranging from 517 to 1,421 sq ft. It also has four penthouses ranging from 1,184 to 1,841 sq ft.

Another freehold condo in the list is the 34-unit Kovan Jewel, located in District 19. This boutique condo, completed last year, saw a three-bedroom unit on the second floor being sold for $2.41 million on Feb 7, setting a new high of $2,236 psf. This new record surpasses the previous peak set last August, when a similar three-bedroom unit on the fourth floor was sold for $2.4 million ($2,228 psf).

Currently, 17 units (50%) have been sold at Kovan Jewel at an average price of $2,111 psf, based on caveats lodged. Nine units were sold last year at an average price of $2,111 psf. The unit sold on Feb 7 is the first unit sold this year.

Meanwhile, located in District 9, Oleanas Residence takes the third spot on the list of condos that achieved a new psf-price high, with a 1,141 sq ft, three-bedroom unit on the sixth floor fetching $2.52 million on Feb 3. This sets a new record of $2,207 psf at the condo, surpassing the previous peak of $2,157 psf in August 2022 when a 1,238 sq ft, three-bedroom unit was sold for $2.67 million.

In terms of absolute price, the most expensive resale unit at Oleanas Residence was a 1,636 sq ft, three-bedroom unit that fetched $3.3 million ($2,017 psf) in December 2022.

Oleanas Residence, a freehold condo completed in 1999, is situated along Kim Yam Road in District 9. It has only seen four resale transactions in the last three years, with prices ranging from $2.4 million ($2,103 psf) for a 1,141 sq ft, three-bedroom unit in November 2023 to $3.3 million ($2,129 psf) for a 1,550 sq ft, four-bedroom unit in April 2024. The condo is within walking distance of two MRT Stations – Great World MRT Station on the Thomson-East Coast Line and Fort Canning MRT Station on the Downtown Line. It also serves the school district of River Valley Primary School and Outram Secondary School.

Lastly, located in District 23, Node Condos achieved a new psf-price high of $2,500 psf when a 1,346 sq ft unit on the second floor was sold for $3.36 million on Feb 5. The highest transaction previously was $3.18 million ($2,362 psf) for a 1,346 sq ft, three-bedroom unit on the 7th floor in February 2022.

Completed in 2020, the freehold condo consists of 71 residential units ranging from two- to four-bedroom apartments with sizes from 764 sq ft to 2,314 sq ft. With just two transactions in the last three years, resale prices at Node Condos have seen a growth of 5.89%.

Meanwhile, GW Six Avenue, a freehold condo located in District 10, closes the list with a 2,056 sq ft unit on the 2nd floor being transacted for $4.4 million on Feb 4, setting a new record of $2,140 psf. This surpasses the previous peak of $2,062 psf in November 2022 when a 1,841 sq ft unit on the 5th floor was sold for $3.79 million. Completed in 2020, GW Six Avenue is a boutique development with 20 units. It is situated within walking distance of Sixth Avenue MRT Station on the Downtown Line, and is in close proximity to educational institutes such as Nanyang Primary School and Raffles Girls’ Primary School. In terms of absolute price, the most expensive resale unit sold at GW Six Avenue was a 4,219 sq ft, five-bedroom unit that fetched $9.6 million ($2,277 psf) in November 2023.…

When contemplating an investment in a condominium, one must also consider the potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can greatly differ depending on the location, condition of the property, and market demand. Typically, areas with high rental demand, such as those near business districts or educational institutions, tend to offer more attractive rental yields. To gain a better understanding of the rental potential of a specific condominium, it is important to conduct thorough market research and seek advice from real estate agents. Additionally, exploring Singapore Projects can provide valuable insights into the rental opportunities available for potential condo investors.

Heeton Holdings has reported a 221% year-on-year increase in earnings for the second half of FY2024, which ended on December 31, 2024. The company’s earnings for this period amounted to $3.85 million.

However, for the full year of FY2024, the group is still experiencing losses. For the second half of the year, earnings per share stood at 0.79 cents per ordinary share, while for the full year, earnings per share were a negative 0.28 cents per share.

In the second half of FY2024, Heeton’s revenue grew 10.5% year-on-year to $41.1 million. For the full year, revenue increased by 15.2% year-on-year to $78.2 million.

The group attributes its revenue growth in the second half of the year to rental income from investment properties, hotel operation income, and management fees. The increase in revenue for the full year was mainly driven by higher occupancies in the United Kingdom and an increase in rental rates for the group’s investment properties.

During FY2024, the company divested some of its subsidiaries, including its 70% stake in Gloucester Corinium Avenue Hotel Limited and Ensco 1154 Limited. This resulted in a net gain of $3.78 million.

The company’s property, plant, and equipment, which amounted to $418.83 million, mainly consisted of hotel properties. There was an increase of $16.92 million in FY2024 due to the acquisition of a hotel in Edinburgh, United Kingdom. The appreciation of Pound Sterling and reversal of impairment changes offset by the disposal of hotels in Japan and the United Kingdom and depreciation charges recognized.

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Investing in a Singapore condo is a significant decision, and it’s essential to consider not only the property itself but also its maintenance and management. Typically, condominiums come with maintenance fees that cover the upkeep of shared spaces and facilities. Although these fees may add to the overall cost of owning a condo, they also ensure that the property remains well-maintained and retains its value over time. For those looking for a more hands-off approach to managing their investment in a Singapore condo, hiring a property management company, such as Singapore Condo, can be highly beneficial.

In terms of cash flow, the company experienced a decrease in cash and cash equivalents of $32.70 million, mainly due to major cash inflows and outflows. This includes proceeds from the disposal of property, plant, and equipment of $26.43 million and proceeds from disposals of subsidiaries of $11.37 million.

On the cash outflow side, the company had a net repayment of loans from associated and joint venture companies of $24.45 million, additions to property, plant, and equipment of $40.36 million, and a restricted cash pledge for a bank facility of $22.98 million.

Given the current economic uncertainty and geopolitical environment, Heeton plans to maintain a cautious and steady expansion strategy. The company will focus on being a bespoke boutique brand that offers high-quality, experiential stays for its guests, as the hospitality industry continues to face headwinds such as high operating and labor costs, elevated interest rates, and an uncertain macroeconomic environment.

In addition to participating in land tenders in the local residential market, the company also expects its two retail malls to continue generating steady and recurring income for its property investment business.

Heeton has declared a final dividend of 0.5 cents per share for the current financial period. Shares in Heeton closed 1.818% lower at 27 cents on Feb 20.…

Euro Properties, the boutique property developer owned by Singaporean businessman Que Neo, has set his sights on developing residential projects that cater to his own preferences. In his latest venture, he has developed K Suites, a 19-unit apartment block situated along Lorong K Telok Kurau in the in-demand area of District 15. The project, developed by subsidiary EG Properties, is slated to be completed in the first quarter of 2025.

K Suites boasts a prime location, offering convenient access to popular destinations such as the beach, East Coast Park, shopping malls, the CBD, and Changi Airport. Neo emphasizes that it takes only about 10 minutes to reach both the airport and the downtown area via East Coast Parkway and Pan-Island Expressway.

When making the decision to invest in a condo, it is crucial to also consider the maintenance and management of the property. Along with the purchase of a condo comes the responsibility of paying maintenance fees, which cover the costs of upkeep for common areas and facilities. Although these fees may increase the overall cost of ownership, they also ensure that the property is well-maintained and maintains its value. An effective solution for minimizing the burden of managing a condo is hiring a property management company, which can handle the day-to-day tasks and make it a more passive investment. Additionally, for information on new condo launches, visit New Condo Launches.

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A major advantage of investing in condos is the potential to leverage its value for future investments. Numerous investors take advantage of their condominiums as collateral in order to secure additional funding for new ventures, ultimately growing their real estate portfolio. This approach has the potential to significantly increase returns, but it’s important to note that it also carries certain risks. As such, it’s essential to have a well thought-out financial plan and carefully consider how market fluctuations may impact these investments. To fully take advantage of this strategy, it’s advisable to keep an eye out for new condo launches that present promising opportunities for growth.

Aside from its proximity to various amenities, K Suites also boasts easy access to public transportation, with a bus stop just 50 meters away. From there, it is only two stops to the nearest MRT stations: Marine Parade on the Thomson-East Coast Line and Eunos on the East-West Line. Eunos station is also just one stop away from the Paya Lebar Interchange, providing convenience for commuters. Additionally, popular schools such as Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary are located within 1km of the Telok Kurau area, making it an ideal location for families with young children.

K Suites, designed by JGP Architecture, boasts a sleek and modern facade thanks to its curtain wall system. The use of glass also allows for ample natural light and unobstructed views of the surrounding neighborhood. The apartments themselves feature efficient layouts with regular ceiling heights of 3.5m to 4.5m, while the duplex penthouses boast a generous 7m ceiling height. The apartments also feature top-quality fittings from renowned brands such as Miele, Duravit, and Grohe.

Residents of K Suites can also enjoy various facilities, including a swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The project’s location also allows for a grand arrival and drop-off area and a surface car park that can accommodate 16 cars, two of which are electric vehicle charging stations.

Since its preview in September 2022, K Suites’ first phase of 10 units has been sold out, with a majority of buyers being Singaporean professionals such as doctors, lawyers, and corporate executives. The development consists of three-bedroom units ranging from 797 to 872 sq ft and four-bedroom units ranging from 1,076 to 1,130 sq ft. The largest units, five-bedroom penthouses of 1,625 to 1,679 sq ft, have proven popular with large families, with one unit purchased by a family with four children.

Neo notes that most buyers are upgraders looking for a freehold property in the desirable District 15 area, with some downsizing from houses to apartments. The ground-level units, which feature ceiling heights of 4.5m and overlook the landscaped garden and facilities, are particularly popular with buyers.

With its TOP imminent and the positive market sentiment, developer Euro Properties plans to release the remaining units in the development. Prices for the three-bedroom units start at $2.058 million, while four-bedroom units start at $2.525 million, and the sole five-bedroom penthouse is priced at $3.5 million.

In a study conducted by Huttons Data Analytics, selected boutique developments in District 15 have seen significant price appreciation since their launch, with some seeing an increase of over 100%. Additionally, over the past five years, monthly median rents in the area have risen by 76.5%, making it an attractive area for both residents and investors. With its prime location and desirable features, K Suites is set to be the most affordable new freehold project in District 15, catering to the preferences of both buyers and tenants.…

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Singapore’s urban environment is characterized by towering skyscrapers and advanced infrastructure. These condos, usually situated in desirable locations, offer a combination of lavishness and practicality that appeals to both locals and foreigners. They offer a plethora of facilities, including swimming pools, fitness centers, and security services, that elevate the standard of living and make them desirable to prospective renters and purchasers. Investors can also expect higher rental profits and potential appreciation in property value over time with the inclusion of Singapore Condo.

Private housing rents rebounded modestly in the last quarter of 2024, rising by 0.2% compared to the previous quarter, according to a report by Savills Singapore. However, landlords should not expect any significant rental growth this year as the market is expected to remain flat.

The poor performance of the non-landed private residential market in the first three quarters of 2024 contributed to a 1.7% decline in rents over the entire year, representing the first full-year decrease since 2020.

In the last quarter of 2024, there were 19,733 rental transactions, a quarterly decrease of 24.2%. This is likely due to a decline in net new rental demand as the number of employment pass (EP) and S pass holders decreased last year, combined with the typical year-end seasonal slowdown in rental activity.

Despite the decline in rental activity, there is still some growth in rental demand, says George Tan, managing director of Livethere Residential at Savills Singapore. He adds that relatively more affordable rents can be found in suburban areas, allowing tenants to prioritize lifestyle options such as more spacious units, connectivity to MRT stations, malls, and recreational activities.

According to rental data compiled by Savills, Parc Esta, a 1,399-unit development in District 14, saw the most number of condo rental transactions in the last quarter of 2024. The project recorded 163 rental transactions at a median rent of $6.84 psf per month (pm). Other developments that saw a high number of rental transactions include Marina One Residences (126 transactions at $6.62 psf pm), The Sail @ Marina Bay (126 transactions at $6.72 psf pm), Normanton Park (120 transactions at $6.26 psf pm), and D’Leedon (107 transactions at $5.43 psf pm).

In terms of rental price growth, the Outside Central Region (OCR) was the only region to see a decline in average rent in the last quarter of 2014, with a decrease of 0.8% compared to the previous quarter. In contrast, rents in the Core Central Region (CCR) and Rest of Central Region (RCR) saw growth of 0.9% and 0.3% respectively.

The decline in rent prices in the OCR is likely due to tenants in suburban locations moving to more central neighborhoods, driven by relatively more reasonable rents, according to Savills.

Investing in a condominium in the bustling city of Singapore has increasingly become a popular option for both local and foreign investors. This can be attributed to the country’s strong economy, stable political environment, and exceptional quality of life. With a diverse real estate market, the city-state offers a plethora of opportunities, with condos being a standout choice due to their convenience, amenities, and potential for significant returns. In this article, we will delve into the advantages, considerations, and necessary steps to take when investing in a condo in Singapore’s vibrant real estate market. Additionally, be sure to keep an eye out for promising Singapore projects that may catch your interest.

The average monthly rent for high-end condos saw an increase of 1.7% compared to the previous quarter, to $5.85 psf pm, based on a basket of luxury properties tracked by Savills. This suggests that the luxury rental market could see a slight rebound after consistently declining over the previous five quarters.

Looking ahead, landlords may face headwinds in the rental market as companies continue to reduce headcounts and hire fewer expatriates, says Alan Cheong, executive director of research and consultancy at Savills Singapore. He also notes that landlords may face higher property taxes for non-owner-occupied residential properties and increased conservancy charges due to upward inflationary pressures.

However, the relatively tight supply of large luxury properties on the rental market may help landlords resist “underpriced” rental offers, says Cheong. He adds: “Although rents for non-landed private residential properties turned a corner in 3Q2024 and continued to rise in 4Q2024, we anticipate challenges in the rental market in 2025.”

In the future, the widespread adoption of artificial intelligence technology could reduce overall manpower requirements for some high-tech firms, resulting in continued reduced hiring of white-collar professionals. This may also reduce the pool of expat tenants in Singapore, adds Cheong.

“The saving grace for the rental market is that there are fewer new completions of private homes expected in 2025,” he says, noting that higher property taxes on investment properties are likely to deter landlords from accepting “low ball” rental rates. He also expects interest rates to remain at current levels for a longer period of time, rather than falling, and thus mortgage payments will remain at current levels for longer.…

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The demand for Singapore Condos remains at an all-time high, with one of the main reasons being the limited amount of available land in the country. As a small island nation with a growing population, Singapore faces the challenge of scarce land resources for development. To address this, the government has implemented strict land use policies, resulting in a competitive real estate market where property prices continuously soar. This has made investing in real estate, especially condos, a highly profitable opportunity, offering the potential for significant capital appreciation.

CBRE has been selected as the exclusive marketing agent for the sale of Hotel Clover at 7 Hongkong Street and a commercial building at 36 Hongkong Street. These properties are being offered at guide prices of $27 million and $22.6 million respectively.

Sitting on a 1,701 sq ft plot with a 4.2 plot ratio under the latest Master Plan, the six-storey boutique hotel consists of 27 rooms and has a total floor area of 7,142 sq ft. The remaining land tenure for this 99-year leasehold site is approximately 89 years. At $3,780 psf, the price is attractive considering the potential for future rental upside and capital appreciation.

The five-storey commercial building at 36 Hongkong Street sits on a 1,733 sq ft plot with a 4.2 plot ratio under the Master Plan. The building has a total floor area of 7,279 sq ft and is fully leased to a bridal shop on the ground floor and offices on the upper floors. The guide price of $3,105 psf is also attractive for the potential rental upside and capital appreciation. Similarly, the 99-year leasehold site has a remaining land tenure of 93 years, making it an appealing investment opportunity.

One of the main advantages of these properties is their relatively long remaining land tenures, compared to many other 99-year leasehold properties in the CBD area. This makes them an ideal choice for owner-occupiers looking for a flagship asset with naming rights for their exclusive operations. Additionally, as both properties are classified as hotel and commercial properties, foreigners and companies are eligible to purchase them without incurring Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD).

Selecting the perfect location is a fundamental aspect of real estate investment, and this holds especially true in Singapore. Condos situated in central areas or near essential amenities, such as schools, shopping malls, and public transportation hubs, have a higher chance of appreciating in value. In coveted locations like Orchard Road, Marina Bay, and the Central Business District (CBD), property values have consistently shown growth. In addition, the proximity of these condos to reputable schools and educational institutions makes them even more attractive for families, further increasing their investment potential. With the recent surge in the number of new condo launches, the market in these prime areas is expected to continue flourishing.

Strategically located in Clarke Quay, a popular riverfront lifestyle precinct, both properties are in close proximity to Clarke Quay MRT Station, providing easy access to public transportation. The area also boasts a wide range of amenities, such as renowned restaurants, bars, boutique hotels, and fitness studios. Moreover, with the completion of the $62 million asset enhancement initiative at CQ@Clarke Quay and the upcoming large-scale developments at Canninghill Piers and Union Square, the vibrancy of the area is expected to increase, providing potential for future rental upsides and capital appreciation in the medium to long term.

Interested parties can participate in an expression of interest exercise that closes on March 26. These properties present an excellent opportunity for investors and owner-occupiers alike, looking for a high-quality asset at attractive prices in the bustling Clarke Quay area.…

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For those looking to diversify their investment portfolio in Singapore’s thriving real estate market, condos should be a top contender. As a renowned global business hub with a solid economic foundation, Singapore continues to have a stable demand for properties, making it a promising investment opportunity. In recent years, there has been a consistent upsurge in property values, especially in prime locations where condos are located. By developing a well-planned investment strategy, individuals can enter this lucrative market at the right time and hold onto their condos for potential significant capital appreciation. Consider adding a condo from Freedom at Home Team to your investment portfolio.

At the EdgeProp Singapore Property Market Outlook event on Sunday, Feb 16, the discussion revolved around the possibility of new property cooling measures, incoming housing supply from government land sale (GLS) sites and Build-To-Order (BTO) launches, as well as the potential impact of the Budget 2025 announcements on the real estate market.

The panel, made up of three industry experts – Alan Cheong, Executive Director of Research and Consultancy at Savills Singapore, Wong Xian Yang, Head of Research, Singapore and Southeast Asia at Cushman & Wakefield, and Song Seng Wun, Singapore Economic Advisor at CGS International – was moderated by EdgeProp Singapore CEO Bernard Tong.

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

In January, the government hinted at the possibility of implementing more property cooling measures, stating that it was not yet time to roll back on existing measures. Last month, developers sold 1,083 new private residential units (excluding executive condos), marking a 256% increase from the previous year.

If new cooling measures are introduced, the panel agreed that the government would likely select an intervention that applies uniformly across the residential market. The panelists also discussed the possibility of these measures targeting the HDB resale market.

According to Cheong, the HDB resale market is seen as the “floor” of the housing market in Singapore. As such, an increase in its prices would lead to upward pressure on prices in the private housing segment. Wong added that the government may also consider adjusting the seller’s stamp duty (SSD) and implementing stricter loan restrictions.

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

Under the new BTO classification, newly launched Prime and Plus BTO flats will take about 14 years to enter the resale market, and the impact from these developments on prices will only be felt much later on. This was stated by Cheong, who added that prices in the resale market tend to follow project completions and HDB estates completing their minimum occupation period (MOP), rather than the pipeline of GLS sites up for tender each year. Wong agreed, adding that prices are more likely to be affected by project completions rather than GLS supplies.

Nonetheless, all three panelists believe that the strong buyer confidence seen in recent new launches indicates good prospects for projects entering the market this year. Elta, for example, drew about 4,500 visitors during the first three days it was open to the public. Other new launches this year, such as The Orie and Bagnall Haus, also saw high selling rates of 86% and 63%, respectively, on launch day.

Regarding Budget 2025, the panel discussed its potential impact on the property market this year. According to Song, Singapore has had a relatively strong economic recovery since the Covid-19 pandemic-induced recession. He believes that, as 2025 is an election year, Singaporeans can expect more handouts funded by government surpluses stemming from healthy government revenue collections in the past three years.

During the event, Tong also presented a session of EdgeProp’s Master Plan Master Class, which covered upcoming transformation plans in Clementi and Jurong East.

He pointed out that the completion of the second phase of the Cross Island Line (CRL) will add a new MRT station (West Coast) and turn the existing Clementi station into an interchange. In addition, the redevelopment of Clementi Stadium and the installation of more than 6.6km of cycling paths are expected to further boost housing demand in Clementi. Tong also noted that Clementi residents could benefit from the ongoing transformation of Jurong Lake District and the new jobs created in the nearby Tuas megaport, Tuas Biomedical Park, Jurong Island, and Jurong Innovation District.

In summary, the decision to invest in a Singapore condo offers a plethora of benefits. These include a high demand in the market, the potential for profit through capital appreciation, and attractive rental yields. Despite these advantages, it is crucial to carefully consider various factors, such as the condo’s location, financing options, government regulations, and market conditions. To make the most out of Singapore’s ever-evolving real estate landscape, it is crucial to conduct thorough research and seek professional advice. Whether you are a local investor looking to diversify your portfolio or a foreign buyer interested in a stable and lucrative investment, Singapore condos, such as those offered by Singapore Condo, present a compelling opportunity.

According to data compiled by EdgeProp Singapore, the average age of existing condos in Clementi is around 17 years. Tong observed that recent new projects in the area, such as Clavon and The Clement Canopy, have seen strong capital gains over the years. With both projects located near Elta, which also boasts a strategic location, this could be a good indicator of the potential for capital gains in the area.

EdgeProp Singapore offers a suite of property tools that can help owners, buyers, and sellers understand market trends and prices. This includes HDB resale prices, analytics of profitable transactions, and upcoming GLS sites.…

JustCo’s luxury brand, The Collective, has officially launched its first flagship co-working space in Tokyo, as per a press release on Feb 19.

Located in GranTokyo South Tower, a 42-storey skyscraper in Tokyo’s Marunouchi district, the 24,000 sq ft co-working space offers convenient access to Tokyo Station, making it easily accessible for members travelling from Narita or Haneda airports.

Taking inspiration from Tokyo Station, The Collective aims to create a luxurious and welcoming atmosphere for its members. “The Collective is a tribute to the elegance and warmth of a luxury voyage,” says the group.

The space offers a variety of flexible work options, including hot desks, meeting rooms, private suites with 24/7 secured access, and larger enterprise suites with exclusive entrance features and customized workspace designs. All workspaces are outfitted with comfortable Herman Miller Aeron chairs and Benel adjustable desks.

To invest in a condo, securing proper financing is crucial. In Singapore, there are various mortgage choices available, but it’s crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This regulation limits the loan amount that a borrower can obtain based on their income and existing debt commitments. Being knowledgeable about the TDSR, as well as seeking guidance from financial advisors or mortgage brokers, can assist investors in making wise financing decisions and avoiding excessive borrowing.

Members can also enjoy amenities such as the TWG Tea Bar, which provides refreshments throughout the day, and a “wellness sanctuary” where they can take breaks between work. The Collective strives to provide a well-rounded experience for its members, beyond just a place to work.

In addition, The Collective is under the umbrella of JustCo, a homegrown flexible workspace operator, which allows members to access a global network of co-working spaces around the world.

The opening of The Collective’s flagship space in Tokyo marks another milestone for JustCo and their continuous expansion into international markets.

When it comes to investing in Singapore condos, one must take into account the government’s property cooling measures. In order to maintain a stable real estate market and deter speculative buying, the Singaporean government has implemented several measures throughout the years. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which levies higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer investment environment for individuals, including those interested in Singapore Condo.…