Month: February 2025

The shophouse market has proved to be relatively quiet in 2024, recording only 84 transactions with caveats according to Huttons Asia. This number remains lower than the average of 200 deals per year between 1995 and 2023, as stated in their latest quarterly research report on the shophouse market.

Senior Director of Data Analytics at Huttons Asia, Lee Sze Teck, notes that although some buyers may not have lodged caveats, the number of shophouse deals in 2024 is likely the lowest since 1998. The total value of the 84 transactions was $683.6 million, a 38.9% decrease from the $1.1 billion recorded in the previous year.

However, Lee also mentions that the transactions that were not caveated last year include several significant deals for properties on Amoy Street, Neil Road, North Bridge Road and Telok Ayer Street, which he believes were sold for more than $200 million.

In June 2024, the biggest shophouse deal was the divestment of The Rail Mall by Paragon REIT for $78.5 million. This strip mall on Upper Bukit Timah Road consists of 43 shop units, and Lee comments that it is likely the largest shophouse deal on record, surpassing the previous high of $74.8 million paid for a row of shophouses along Jalan Sultan in March 2022.

The Rail Mall shophouses were valued at $62 million as of December 2023, indicating an estimated gain of $16.5 million for the seller. However, most of the shophouse deals in 2024 were smaller in quantum, with over half of the caveated deals valued between $5 million to $15 million.

Moreover, nearly half of the shophouse transactions in 2024 took place in District 8, which Lee attributes to its desirable location near the city-fringe and lower prices compared to Districts 1 and 2.

When purchasing a condo, it is crucial to consider the maintenance and management of the property. Condominiums typically come with a maintenance fee, which covers the upkeep of communal areas and amenities. While this may increase the overall cost of owning a condo, it also ensures the property remains well-maintained and holds its value. Hiring a professional property management company can assist investors in handling the day-to-day management of their condo, making it a more passive and hassle-free investment.

In the meantime, shophouse rents nationwide have declined for the second quarter in a row, dropping 2.6% quarter-on-quarter to $6.47 psf per month in 4Q2024. However, for the entirety of 2024, shophouse rents remained up by 1.7%.

Investing in a condo has its perks, and one of them is the potential to leverage the property’s value for more investments. Plenty of investors utilize their condominiums as collateral to secure additional financing for new ventures, effectively growing their real estate portfolio. This tactic can greatly increase returns, but it’s also important to take into account the potential risks involved. A solid financial plan is crucial, and one must carefully consider the potential consequences of market fluctuations. If you’re interested in taking advantage of this opportunity, consider investing in a Singapore Condo for even more potential growth.

Furthermore, conservation shophouses on Telok Ayer Street have been put up for sale at $42 million, attracting potential buyers who are interested in these well-maintained historical properties.…

It is of utmost importance for individuals from overseas to be well-informed about the regulations and limitations surrounding property ownership before making investments in Singapore. The country’s market primarily caters to foreign buyers in the form of condominiums, which have fewer ownership restrictions compared to landed properties. However, it is essential for foreign investors to keep in mind the Additional Buyer’s Stamp Duty (ABSD) of 20% that applies to their first property purchase. Despite this additional cost, the Singapore real estate market continues to entice foreign investments due to its stability and growth potential. To stay updated on the latest properties available, investors can explore New Condo Launches, which offer a plethora of opportunities to find profitable investments in the Singapore property market. Incorporating New Condo Launches into their search can provide investors with a comprehensive selection of properties for their next venture.

CBRE’s Singapore Market Outlook 2025 report, released on January 23rd, predicts divergent outcomes across the real estate market in the next 12 months due to an uncertain macroeconomic outlook. On one hand, easing inflation and interest rates are expected to provide some relief for the property market. However, Moray Armstrong, managing director and advisory services at CBRE, warns that slowing economic growth in 2025 could negatively impact property demand.

The Ministry of Trade and Industry is forecasting Singapore’s GDP growth to be between 1% and 3% in 2025, lower than the 4% growth seen in 2024. According to Armstrong, other factors such as ongoing geopolitical tensions, a new US administration with a nationalistic economic agenda, and the release of the URA Master Plan 2025 in the middle of the year, could potentially influence the market in the near term. However, despite these uncertainties, there are still opportunities in the real estate market for those who can take advantage of emerging trends.

CBRE’s head of research for Singapore and Southeast Asia, Tricia Song, shares a similar optimistic view, stating that the property market is still bolstered by limited new supply and stable demand. She predicts that the Singapore real estate market will continue to show its stability and resilience, making it an attractive destination for investors worldwide.

The data from the URA shows that developer sales volume increased threefold to 3,511 units in the last quarter, a significant rebound from the record lows in the first nine months of 2024. Prices also rose by 2.3% quarter-on-quarter, the highest quarterly growth in 2024. While this resurgence has sparked concerns of cooling measures being implemented, CBRE believes this is unlikely unless prices rise sharply in the coming quarters.

Amid the improved buying sentiment, developers are expected to continue with their launches. This year, an estimated 12,000 to 14,000 new units are potentially going to be launched, almost double the number launched in 2024. As a result, CBRE forecasts that between 7,000 to 8,000 new homes will be sold in 2025, an increase from the 6,469 units sold in 2024. This higher volume is expected to support price growth of between 3% and 6% in 2025, following the 3.9% growth seen in 2024. At the same time, CBRE predicts rental rates will also grow by 1% to 3% this year.

In the office market, the 2024 was relatively muted due to global uncertainties and rising fit-out costs, as well as hybrid work arrangements. Core CBD (Grade A) rents only grew by 0.4% year-on-year, lower than the 1.7% rental growth seen in 2023. With economic growth expected to slow in 2025, the leasing momentum in the office market is also likely to remain sluggish. However, a limited pipeline of new Core CBD (Grade A) offices over the next three years is predicted to keep vacancy rates low. CBRE forecasts that about 0.58 million sq ft of new office space will be completed each year between 2025 and 2027, less than half the 10-year average of 1.28 million sq ft. As a result, they predict rental growth of about 2% for 2025, in line with GDP projections.

Singapore’s cityscape is characterized by contemporary architecture and towering skyscrapers. The sought-after residential areas in Singapore are often home to luxurious condominiums that offer a combination of comfort and accessibility, appealing to both locals and foreigners. These condos boast an array of facilities, including swimming pools, fitness centers, and security services, elevating the standard of living and making them a desirable choice for renters and buyers. For property investors, these attractive features equate to higher rental returns and a gradual increase in the value of their Singapore Condo.

A similar trend is expected in the retail property market, with limited supply forecasted to support rents. The estimated supply of new retail space is predicted to drop to 0.5 million sq ft in 2025, 40.4% lower than in 2024, and well below the 10-year average of 0.91 million sq ft per annum. CBRE also notes that leasing sentiment for retail properties remains positive, thanks to inbound tourism and a strong pipeline of entertainment and events. As such, the firm projects that average retail prime rents will grow by 2% to 3% in 2025, returning to pre-pandemic levels.

In the industrial sector, CBRE reports that demand for prime logistics properties was subdued in 2024 due to cost pressures and supply chain disruptions caused by the Red Sea crisis. As a result, rents for prime logistics properties saw a modest 1.1% increase to $1.87 psf per month in 2024. However, a bumper supply of almost 5 million sq ft of warehouse space is expected to be completed this year. CBRE predicts that at least 60% of this new prime logistics space has already been pre-committed, which should help keep occupancy rates stable. As a result, CBRE expects prime logistics rents to remain relatively flat in 2025.

In terms of investment, CBRE anticipates that real estate investment volumes in Singapore will continue to grow in 2025, although at a slower pace. In 2024, investment volumes saw a 28% year-on-year increase to $28.62 billion, rebounding from a 30.3% decline in the previous year. This was driven by interest rate cuts that boosted investor confidence and appetite, a trend that is expected to continue into 2025. According to CBRE’s latest Asia Pacific Investor Intentions Survey, the majority of investors involved in Singapore real estate anticipate purchasing the same or a higher volume of properties in 2025 compared to 2024. However, given the ongoing economic and geopolitical uncertainties, CBRE predicts that investors will be selective with their investments and focus on sectors or strategies with a more favorable outlook. They anticipate a 10% year-on-year increase in investment volumes in 2025, barring any major macroeconomic shocks.

CBRE’s survey also found that the industrial and logistics sector remains the most preferred among investors, followed by residential and office properties.…

On the other hand, Marina Bay Suites’ 99-year leasehold tenure is shorter compared to these other projects, as the condo is about nine years into its 99-year lease. The only other condo within the vicinity with a shorter tenure is the 99-year leasehold Marina Bay Residences which has a 57-year tenure remaining. The rest of the developments are either freehold or 99-year leasehold with 74 to 95 years tenure remaining.

The sale of a three-bedroom unit at Palm Spring was the most profitable resale transaction between January 14 and January 28. This 1,884 sq ft unit on the fourth floor was sold for $4.4 million ($2,336 psf) on January 20, according to lodged caveats. Its previous purchase price was $1.21 million ($642 psf) back in August 2005. As a result, the seller gained a profit of $3.19 million (264%), which translates to an annualized profit of 6.8% over almost 20 years. This sale has also set a new record for the most profitable resale transaction at Palm Spring, surpassing the previous record of $2.56 million (185%) achieved in April 2023 when a 1,970 sq ft unit on the first floor was sold for $3.94 million ($2,000 psf). This unit was bought for $1.38 million ($701 psf) in January 2003.

According to data from EdgeProp Singapore, prices at Palm Spring have been consistently on the rise over the past 20 years. In January 2021, the average transacted price was around $2,342 psf, up from $1,439 psf in January 2015. In comparison, the average price was only about $973 psf in January 2005.

Investing in a condo has several advantages, one of which is the opportunity to leverage its value for future investments. A lot of investors make use of their condos as collateral to secure additional funds for new investments, allowing them to grow their real estate portfolio. It’s a strategy that can potentially bring in higher returns, but it’s important to have a well-thought-out financial plan in place and to carefully consider how market fluctuations may affect your investments. For more information on condo investment opportunities in Singapore, visit Singapore Projects.

The next most profitable resale transaction in the same period was the sale of a four-bedroom unit at Orchard Bel Air, which brought in a profit of $3 million (182%) on January 15. The 3,229 sq ft unit on the 12th floor was sold for $4.65 million ($1,440 psf), with its previous purchase price at $1.65 million ($511 psf) in May 2001. This translates to an annualized profit of 4.5% over nearly 24 years. The record profit achieved at Orchard Bel Air currently stands at $8.3 million (275%) when a 6,512 sq ft penthouse unit on the 25th floor was sold for $8.3 million ($1,275 psf) in January 2013. This unit was purchased for $3.83 million ($588 psf) in March 2006.

Orchard Bel Air, a 99-year leasehold condominium on Orchard Boulevard in prime District 10, saw an average transaction price of around $3,043 psf last year. The only other 99-year leasehold condominium in the vicinity is the neighboring Cuscaden Reserve, which was completed in 2023 and has an average price of around $3,043 psf.

The most unprofitable transaction during the period in review was at Marina Bay Suites, where the seller of a 1,625 sq ft unit on the 58th floor incurred a loss of $1.15 million (27%) when it was sold on January 24. The unit was sold for $3.1 million ($1,907 psf), after being purchased for $4.25 million ($2,614 psf) in May 2012. This resulted in an annualized loss of 27% over nearly 13 years. This is also the latest in a series of unprofitable transactions at Marina Bay Suites, with 14 consecutive loss-making deals in the past nine months, ranging from $40,000 to $2.5 million.

In the vibrant real estate market of Singapore, a crucial factor to consider when investing in condos is the government’s property cooling measures. In order to maintain a steady and sustainable market, the Singaporean government has implemented several measures to discourage speculative buying. Among these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those acquiring multiple properties. While these measures may impact the initial returns of condo investments, they also contribute to the long-term stability of the market, creating a secure investment environment. Moreover, with the introduction of new condo launches, there are even more opportunities for investors to capitalize on the thriving real estate market in Singapore.

Marina Bay Suites is a 99-year leasehold condominium located at Central Boulevard and Marina Boulevard, part of the Marina Bay Financial Centre mixed-use development. The 221-unit development consists of a 66-storey residential tower with a mix of three- and four-bedroom units. According to EdgeProp Singapore’s data, the average selling price at Marina Bay Suites has declined from $2,502 psf in January 2015 to around $1,921 psf in January 2021. Other 99-year leasehold condominiums in the vicinity, such as The Sail @ Marina Bay ($2,047 psf), Marina Bay Residences ($2,242 psf), Marina One ($2,103 psf), and V on Shenton ($2,027 psf), command higher resale prices. Furthermore, Marina Bay Suites has a shorter 99-year leasehold tenure compared to other developments in the area, being only nine years into its lease. The only other condominium with a shorter tenure in the vicinity is the 99-year leasehold Marina Bay Residences, with only 57 years remaining. The remaining developments are either freehold or have a leasehold tenure of 74 to 95 years.…

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A three-bedroom unit at Watertown, a part of the Waterway Point integrated development in Punggol, will be up for auction at SRI’s upcoming event on Feb 26. The property, which is a mortgagee sale, spans 1,281 sq ft and has a guide price of $2.4 million, which translates to a price of approximately $1,874 per sq ft. This unit was previously offered for sale at SRI’s January auction, but was withdrawn as the bid received was below the reserve price.

The unit, located on the 13th floor, boasts a spacious living and dining area, an open-concept kitchen, a utility room and toilet, and a balcony facing south with views of one of the condo’s 20 swimming pools. It also includes a master bedroom with an en-suite bathroom, two additional bedrooms, and a common bathroom.

Based on URA caveats, the unit was purchased by the owners directly from the developers for a price of around $1.8 million (equivalent to $1,281 per sq ft) in October 2013. As of Feb 4, only one unit in Watertown has been sold this year – a two-bedroom unit that spans 958 sq ft and was sold for $1.7 million ($1,775 per sq ft) on Jan 19. In 2020, a total of 41 resale transactions took place at Watertown, with an average price of $1,700 per sq ft.

According to Eric Liew, manager of auctions and sales at SRI, larger units in the development tend to see higher demand and can fetch higher per sq ft prices. Out of the 41 resale transactions at Watertown last year, 10 involved units with three or more bedrooms, which were sold at an average price of $1,854 per sq ft, approximately 9% higher than the overall average for the development.

Liew adds that most of the interest in Watertown comes from HDB upgraders looking for a good deal and those who plan to make the unit their main residence due to its close proximity to Punggol MRT Station. Watertown, completed in 2017, is an integrated development with 992 units spread across 11 residential towers on top of the six-storey Waterway Point shopping mall. It offers one- to two-bedroom units ranging from 533 to 1,003 sq ft and three- and four-bedroom units ranging from 821 to 1,582 sq ft.

Waterway Point is connected to Punggol MRT Station, which is part of the North East Line, and also linked to Punggol LRT Station. The development was jointly developed by Far East Organization, Frasers Centrepoint, and Sekisui House. The surrounding area also offers several primary schools, such as Edgefield Primary School, Oasis Primary School, Punggol Green Primary School, Compassvale Primary School, and Punggol Cove Primary School.

Check out the latest listings for Watertown, Condominium propertiesAsk BuddyCompare price trend of HDB vs Condo vs LandedCompare price trend of Condo new sale vs EC new saleCompletion year of WatertownAre there unprofitable transactions in Watertown?Compare price trend of New sale condo vs Resale condoCompare price trend of HDB vs Condo vs LandedCompare price trend of Condo new sale vs EC new saleCompletion year of WatertownAre there unprofitable transactions in Watertown?Compare price trend of New sale condo vs Resale condo

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Due to its limited land supply, Singapore is experiencing a high demand for condos. As a compact island nation with a fast-growing population, the availability of land for development is scarce. As a result, strict land use regulations are in place and the real estate market is highly competitive, resulting in continuously rising property prices. This makes investing in real estate, especially in condos, a profitable opportunity with the potential for significant capital appreciation. In fact, many investors are now turning to new condo launches as a means of securing valuable property in this thriving market.

The bustling cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art facilities. Condominiums, strategically located in highly sought-after locations, offer a perfect combination of opulence and convenience that appeals to both locals and foreigners. These modern living spaces boast an array of amenities, including swimming pools, fitness centers, and top-notch security services, that elevate the standard of living and make them a desirable choice for prospective tenants and buyers. Apart from the allure they hold for residents, these upscale features also translate into attractive returns for investors, with higher rental incomes and a steady appreciation in property value over time. In fact, with the influx of new condo launches, the real estate market in Singapore is continuously evolving, offering even more opportunities for potential investors.

A three-bedroom unit at Watertown, priced at $2.2 million, is currently on the marketProperties that will benefit from the first phase of the Cross Island LineIntegrated developments: Adapting to Changing TimesConnecting home and work: Finding work-life balance at Paya Lebar Regional CentreAlternative spaces for living and working.…

The Singapore government has recently announced an extension of the Central Business District Incentive (CBDI) and Strategic Development Incentive (SDI) schemes for another five years. These schemes were first launched in November 2019 and have been successful in revitalizing the city’s central business district.

When it comes to investing in real estate, location plays a crucial role in determining the value of a property, and this is particularly true in Singapore. A prime location can greatly increase the potential for property appreciation, especially in areas such as Orchard Road, Marina Bay, and the Central Business District (CBD). These central areas offer convenient access to essential amenities like schools, shopping malls, and public transportation hubs, making them highly desirable for investors. Families with children also seek out condos in these locations for their proximity to reputable schools and educational institutions, further driving up their investment potential. Consider Singapore Condo as a promising investment opportunity in one of the city’s most sought-after locations.

When contemplating the purchase of a condominium for investment purposes, one must not overlook the crucial aspect of potential rental yield. Rental yield refers to the annual rental income a property generates in comparison to its purchase price. In Singapore, the rental yields for condos can vary significantly depending on factors such as location, condition of the property, and market demand. Properties situated in high-demand areas, such as those near bustling business districts or prestigious educational institutions, are likely to offer more favorable rental yields. Therefore, conducting thorough market research and seeking guidance from reputable real estate agents can provide valuable insights into the rental potential of a specific condo. For a comprehensive list of noteworthy Singapore projects, visit https://www.freedomathometeam.com/.

Desmond Lee, Minister of National Development (MND), made the announcement at the annual Spring Festival lunch of the Real Estate Developers’ Association of Singapore (REDAS) on Feb 7. The CBDI scheme was introduced to encourage the conversion of older office buildings in certain areas of the Central Business District (CBD) into mixed-use developments. These areas include Tanjong Pagar, Robinson Road, and Shenton Way.

The main aim of the CBDI scheme is to increase the number of homes in the CBD, attract more residents to live in the area, and introduce a more diverse range of uses in the traditionally commercial-focused district. Meanwhile, the SDI was introduced to encourage the redevelopment of older developments in strategic areas, with the goal of transforming the surrounding urban environment. The strategic areas identified are Orchard Road, the Central Business District, and Marina Centre.

According to the Urban Redevelopment Authority (URA), 14 out of 17 CBDI proposals and seven out of 12 SDI proposals submitted to the government have been granted in-principle approval. Four CBDI projects in the Anson-Tanjong Pagar area are currently under construction, including Newport Plaza, which will feature 246 residential units and 198 serviced apartment units. The Skywaters Residences, a mixed-use development on 8 Shenton Way, will include 190 luxury residential units. Other CBD projects include two commercial developments at 15 Hoe Chiang Road and 51 Anson Road.

However, the five-year extension of the CBDI and SDI schemes will come with some adjustments, according to Minister Lee. The CBDI will now cover commercial developments in Anson and Cecil, and developers and property owners who submit proposals for buildings in these areas will have the option to retain their commercial zoning (with 40% non-commercial use) if they include long-stay serviced apartment units in the redevelopment.

The URA states that CBDI applicants seeking to redevelop in Anson and Cecil will need to provide at least 200 residential units or allocate their entire non-commercial floor area for long-stay serviced apartments, whichever is lower. Previously, office buildings redeveloped under the CBDI were allowed to retain their existing commercial zoning if they set aside 40% of the new floor area for non-commercial use.

Marcus Chu, CEO of ERA Singapore, believes that these incentives will further enhance the CBD and make it a more vibrant place to work, live, and play. The revamped CBDI and SDI schemes will also incorporate new sustainability requirements, and all future applications must include a sustainability statement that assesses the feasibility of retrofitting part or all of the existing building.

While the government supports the revitalization and rejuvenation of the CBD through redevelopment, they also want to avoid wasteful demolition and excessive rebuilding, especially for relatively young or well-maintained buildings, explains Minister Lee. He cites the example of Union Square, a mixed-use development on Havelock Road, which is incorporating a district cooling system.…

The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art infrastructure. Offering a combination of opulence and convenience, condos are a sought-after choice for both locals and foreigners due to their prime locations. These residential complexes boast a variety of facilities including swimming pools, fitness centers, and 24-hour security services, elevating the standard of living and making them highly desirable for potential renters and buyers. Additionally, for investors, these amenities result in greater rental returns and a steady appreciation in condo values over time.

On February 6, Perennial Holdings and Far East Organization announced plans for Aurea, a high-end residential tower located within the Golden Mile Singapore mixed-use development on Beach Road. The impressive 45-story tower, designed by DP Architects, will feature 188 units spanning a site area of 144,908 square feet. A link bridge will connect the tower to the neighboring The Golden Mile, a commercial building with a combination of retail spaces, medical suites, and offices.

The Golden Mile, formerly known as the Golden Mile Complex, is a conserved building that holds significant architectural heritage. It was also the first building to undergo a collective sale and conservation in Singapore. In May of 2022, Perennial Holdings and Far East Organization acquired the building en bloc for $700 million.

The Aurea is situated in prime District 7 within the Downtown Core, making it part of the Core Central Region (CCR). “Based on its location on Beach Road, we expect strong demand from discerning individuals and families who appreciate the exclusivity of a prime downtown address,” says Shaw Lay See, Chief Operating Officer of Far East Organization’s sales and leasing group.

One major factor to take into account when considering investing in condos in Singapore is the government’s property cooling policies. In order to maintain a steady real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on both foreign buyers and those purchasing multiple properties. While these policies may have an impact on the immediate profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure Condo investment environment.

The preview for Aurea, which is by appointment only, will begin on February 22, with the official launch set for March 8. The apartments will have a starting price of $2,750 per square foot. This translates to a starting price of $1.92 million (or $2,972 per square foot) for the two-bedroom units, which have a size of 646 square feet.

The residences within Aurea consist of various unit types, including 112 two- and three-bedroom apartments ranging between 635 to 1,001 square feet, 56 four-bedroom units between 1,442 and 1,798 square feet, and 18 five-bedroom units ranging between 2,863 and 3,251 square feet. Additionally, there are two exclusive penthouses, a six-bedroom duplex spanning 5,608 square feet, and a six-bedroom triplex of 8,816 square feet. The larger four-bedroom units and the penthouses will feature private lift access, with the triplex penthouse also boasting a private pool. Marcus Chu, CEO of ERA Singapore, comments that these larger units are in line with the affluent lifestyles of CCR homebuyers.

On top of the luxurious residences, Aurea will offer a range of facilities for its residents, including two infinity pools on the third and 33rd floors, a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions for hosting guests. The sky terraces on the 17th and 33rd floors promise panoramic views of the CBD skyline, Marina Bay, and the Kallang waterfront. “Nowadays, homebuyers are looking for more than just an excellent location,” notes Ken Low, Managing Partner of SRI. “They want a home that enhances their daily lives – one that is well-designed, easy to navigate, and offers facilities or spaces that inspire. Aurea ticks all these boxes.”

Meanwhile, The Golden Mile also boasts 156 strata office units and 19 medical suites, which were launched for sale in December 2024. Perennial and Far East, the joint-venture partners, intend to retain ownership of the revamped two-storey retail atrium to curate the tenant mix. According to PropNex CEO Ismail Gafoor, “The former Golden Mile Complex is iconic, and the potential of the commercial space, particularly the office space, may attract buyers.” He adds that buyers are now prioritizing quality projects located near an MRT station with convenient access to essential amenities. Fortunately, The Golden Mile is just 1km from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-minute drive from the CBD. Additionally, it has easy access to major roadways such as Nicoll Highway, East Coast Parkway, and Kallang-Paya Lebar Expressway.

The last launch in the District 7 Beach Road neighborhood was the Midtown Modern, which featured 558 units and was fully sold with an average price of $2,825 per square foot. Its completion is expected to take place sometime this year. The M, a neighboring 522-unit project, was launched in 2020 and is now also fully sold, with an average price of $2,528 per square foot. It was completed in March 2024. Another project, Midtown Bay at Guoco Midtown, featuring 219 units, was completed last year. As of February 5, 63% of the units have been taken up at an average price of $3,090 per square foot.

Given Aurea’s prime location, high-end residences, and The Golden Mile’s historical significance, PropNex CEO Gafoor estimates that the apartment units’ prices could exceed $3,000 per square foot. “As most of the units in past launches in the district have been sold, we believe Aurea may experience pent-up demand for new homes in the area and attract considerable interest from prospective homebuyers and investors,” he adds.

The Aurea is expected to be completed in the second quarter of 2029, and interested buyers can check out the latest listings for Aurea properties online.…

Perennial Holdings and Far East Organization have announced their latest project, Aurea, a luxury apartment tower that is part of the Golden Mile Singapore mixed-use development along Beach Road. The tower, designed by DP Architects, will consist of 188 units spread across 45 storeys. The project sits on a prime site measuring 144,908 sq ft and will include a link bridge connecting it to the neighbouring commercial building, The Golden Mile.

The Golden Mile was formerly known as Golden Mile Complex and has been preserved for its architectural heritage. It is the first building in Singapore to undergo collective sale and conservation. Perennial Holdings and Far East Organization acquired the building en bloc for $700 million in May 2022.

Aurea’s exclusive preview will begin on Feb 22 and the official launch is scheduled for Mar 8. The apartments will be priced at $2,750 psf. The units at Aurea will comprise a range of sizes, from two- and three-bedroom apartments to larger four- and five-bedroom units. There will also be two exclusive penthouses, one spanning 5,608 sq ft and the other 8,816 sq ft, both with private pools.

The four-bedroom and larger units will have private lift access, and the triplex penthouse will also include a private pool. These bigger units are expected to cater to the affluent lifestyles of CCR homebuyers, says Marcus Chu, CEO of ERA Singapore.

The remaining 60% of Aurea’s units will consist of two- and three-bedroom apartments, which are expected to appeal to both homebuyers and investors, according to Chu.

When considering investing in a Condo, it is essential to also assess its potential rental yield. Rental yield is the annual rental income compared to the purchase price of the Condo, expressed as a percentage. In Singapore, Condos’ rental yields can vary significantly depending on factors like location, property condition, and market demand. Areas with a high demand for rentals, such as near business districts or educational institutions, typically offer more favorable rental yields. To gain a comprehensive understanding of a Condo’s rental potential, conducting extensive market research and seeking guidance from real estate agents can be incredibly beneficial. Add Condo to rewritten paragraph.

Residents can look forward to a range of facilities at Aurea, including two infinity pools on levels three and 33, a gym, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions. The sky terraces on levels 17 and 33 will offer stunning views of the CBD skyline, Marina Bay, and the Kallang waterfront.

Ken Low, managing partner at SRI, states that buyers are looking for more than just a great location in their future homes. They want homes that enhance their daily lives, with thoughtful design and inspiring facilities and spaces. Aurea is set to deliver on all these criteria.

The commercial units at The Golden Mile, including 156 strata office units and 19 medical suites, were launched for sale in December 2024. The joint venture partners, Perennial and Far East, plan to retain ownership of the revamped two-storey retail atrium to curate the tenant mix.

Given the potential of the commercial space, especially office space, Gafoor believes that Golden Mile could attract buyers. He adds that today’s buyers prioritize quality projects near MRT stations and essential amenities. The Golden Mile is conveniently linked to the Nicoll Highway MRT station by an overhead bridge.

The scarcity of land in Singapore has caused a surge in demand for condos, making them a highly sought-after commodity. As a result of the country’s limited space and rapidly expanding population, strict land use regulations have been implemented, leading to a fiercely competitive real estate market. With property prices continuously on the rise, investing in real estate, particularly condos, has become a profitable opportunity for capital appreciation. By choosing to invest in a condo, individuals can reap the benefits of this lucrative market.

Golden Mile Singapore is just 1km away from the Kallang Alive Precinct and the Bras Basah-Bugis district and a 10-minute drive from the CBD. The last launch in the Beach Road neighbourhood was Midtown Modern, a 558-unit development that was fully sold with an average price of $2,825 psf. The project is expected to obtain TOP this year. The M, a neighbouring development with 522 units, was fully sold at an average price of $2,528 psf and was completed in March 2024.

Another development in the area, Midtown Bay at Guoco Midtown, was completed last year. Since its launch in 2019, about 63% of the 219 units have been taken up at an average price of $3,090 psf.

PropNex’s CEO Gafoor estimates that due to its prime location, luxury residences, and the iconic architectural heritage of Golden Mile, prices at Aurea could potentially cross $3,000 psf. He believes that the project will attract healthy interest from prospective homebuyers and investors due to the past success of launches in the district.

Aurea is expected to be completed in 2Q2029. Interested buyers can check out the latest listings for Aurea properties on the market.…

Elta, a new residential development from MCL Land and CSC Land Group, is set to be launched in Clementi. The property, which boasts 501 units, will be open for preview starting from Feb 7, with public sales beginning on Feb 22.

Located on a 99-year leasehold land site of approximately 144,788 sq ft, Elta is situated along Clementi Avenue 1 and comprises two 39-storey residential buildings. The units at Elta range from one-bedroom-plus-study units to five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. According to the developers, the project will be built in accordance with URA’s harmonisation guidelines.

The indicative pricing for Elta starts at $1.158 million ($2,289 psf) for one-bedroom plus study units, $1.388 million ($2,261 psf) for two-bedroom units, and $2.198 million ($2,374 psf) for three-bedroom units. Meanwhile, the indicative pricing for four and five-bedroom units starts at $2.798 million ($2,363 psf) and $3.888 million ($$2,189 psf), respectively.

Investing in real estate requires careful consideration of various factors, and location is undoubtedly one of the most important. This is especially true in Singapore, where the right location can significantly impact the value of a property. In fact, condos located in central areas or near crucial amenities, such as schools, shopping malls, and public transportation hubs, have a higher chance of appreciating in value. When it comes to prime locations in Singapore, places like Orchard Road, Marina Bay, and the Central Business District (CBD) stand out, with their consistent growth in property values over the years. Additionally, being in close proximity to good schools and reputable educational institutions only adds to the desirability of condos in these areas, making them an excellent investment opportunity for families. For more information on potential investment opportunities in Singapore, check out Singapore Projects.

The showflat at Prince Charles Crescent will feature three layouts, including a two-bedroom plus study unit that can be converted into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit suitable for multi-generational living. The development is conveniently situated within walking distance of Clementi MRT Station on the East-West Line and is also in close proximity to various dining and shopping options such as The Clementi Mall, 321 Clementi, and Grantral Mall.

In terms of education, Elta is near numerous schools, including Clementi Primary School, Pei Tong Primary School, Nan Hua Primary and High School, Anglo-Chinese School (Independent), and NUS High School of Math and Science.

The popularity of investments in Singapore has been steadily increasing in recent years. This is largely due to the country’s strong and stable economy, as well as its political climate and exceptional quality of life. The real estate market in Singapore offers an abundance of opportunities, with condos emerging as a top choice for their convenient location, desirable amenities, and potential for excellent returns. In this article, we will explore the advantages of investing in a condo in Singapore, along with the key factors to consider and necessary steps to take. investing in Singapore is an attractive option for many, thanks to the thriving economy, stable political landscape, and exceptional standard of living in the country. With its vast array of opportunities, the real estate market in Singapore presents a lucrative opportunity for investors, with condos being a particular highlight for their convenient location, desirable amenities, and potential for high returns. This article will discuss the benefits of investing in a condo in Singapore, important factors to keep in mind, and essential steps to take.

According to Lee Tong Voon, CEO of MCL Land, Elta is designed to provide residents with an elevated living experience, with its high-rise towers strategically positioned to offer the best views of the city, Pandan Reservoir, and the sea. Qian Liang Zhong, chairman of China Construction (South Pacific) Development Co (CCDC), the parent company of CSC Land Group, adds that Clementi is a popular and dynamic town that seamlessly blends traditional shops and modern conveniences.

Elta will feature 50 facilities spread across five zones, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner. It is expected to obtain its temporary occupation permit in 2028. For those interested in Elta, you can check out the latest listings on Condominium properties on Ask Buddy. Additionally, you can compare the price trend of Condo new sale vs EC new sale, look into the condo projects with the most expensive average PSF, and explore condo transactions with the highest profits in the past year. For a broader perspective, you can compare the price trend of HDB vs Condo vs Landed properties in the area. If you’re looking for a condo rental listing in District 5, you can also find that information on Ask Buddy.…

An expansive warehouse and factory, situated in the industrial area of Gul Circle, is currently available for purchase through an expression of interest at a starting price of $42 million. Knight Frank Singapore, the exclusive marketing agent for this property, announced the opportunity.

When purchasing a condominium, it is crucial to take into account the maintenance and management of the property. Condos generally have maintenance fees which cover the maintenance of shared spaces and amenities. Although these fees may increase the overall cost of owning a condo, they play a vital role in maintaining the property’s condition and preserving its value. Hiring a property management company can be beneficial for investors as they can handle the daily management tasks of the condo, making it a less involved investment. To explore more options for condominium investments, consider checking out Singapore Projects.

The property is a leasehold five-storey factory and warehouse, with a mezzanine comprising four levels. It has a total gross floor area of approximately 245,955 sq ft. The site measures 105,648 sq ft and has a remaining lease of 15 years and 11 months, as of February 1. It is designated as a Business 2 site under the URA Master Plan 2019.

The property is designed to cater to modern industrial needs, featuring high ceilings for storage and operations. It also includes cold rooms, heavy floor loading capabilities, and other amenities to accommodate various industries. Additionally, the property boasts nine 40-footer loading and unloading bays with dock levelers, as well as four cargo and service elevators.

The location of the property offers convenient access to major expressways such as the Ayer Rajah Expressway (AYE) and the Pan-Island Expressway (PIE). Joo Koon MRT station is also situated nearby.

Investors must carefully consider the maintenance and management aspect when purchasing a condominium. This is because condos usually come with maintenance fees that cover the upkeep of shared spaces and amenities. Although these fees may increase the overall cost of the property, they play a crucial role in preserving its condition and value. To ease the burden of managing their condos, investors can hire a property management company to handle the day-to-day tasks. This can turn the investment into a more passive income stream. Singapore Projects should also be taken into consideration.

The expression of interest period will end on March 18 at 3pm. Interested parties are advised to explore this opportunity further. Other industrial properties on offer include a two-storey building near Tuas Second Link for $8 million and two sites by JTC for sale in the first half of 2020.…

According to a report by Colliers in February, the prices and rents of industrial properties in Singapore are expected to moderate this year due to an increase in supply and weaker demand. The firm predicts that the overall annual rental and price growth for industrial properties will slow down to between 0% to 2% in 2025, compared to the 3.5% growth in 2024.

Colliers notes that the latest data from JTC for the fourth quarter of 2024 shows that the market is starting to lose momentum. The JTC All Industrial rental index recorded its 17th consecutive quarter of growth, increasing by 0.5% compared to the previous quarter. However, this is a significant drop from the 8.9% growth recorded in 2023. The price index also grew by 0.5% in the fourth quarter of 2024, a decrease from the 1.2% growth in the previous quarter. In 2024, industrial property prices rose by 2.1%, which is less than half of the 5.1% increase in 2023.

Colliers predicts that the supply of industrial space will increase this year, with more than double the supply in 2024 before slowing down from 2026 onwards. This surge in supply has resulted in an imbalance between supply and demand, with some segments of the market seeing slower commitments or lower occupancy in completed projects. The report also states that the higher supply and cautious attitude among occupiers, due to high interest rates and rising operating expenses, will continue to dampen rental growth. Additionally, concerns over trade protectionism have brought uncertainty to the global market, potentially affecting business confidence and investment decisions.

On the positive side, Colliers expects demand for industrial properties to be driven by the semiconductor, logistics, and advanced manufacturing sectors. It also predicts that industrial leasing activities will gradually increase as policies become clearer and market sentiments improve, supported by the ongoing upturn in the chip cycle.

However, with the increase in supply and the projected slowdown in rental growth, this could be a good year for tenants with more options in the market. According to Colliers, new industrial developments with modern specifications may entice businesses to relocate from older spaces to newer projects. Nicolas Menville, Executive Director and Head of Industrial Clients for Colliers, believes that the increase in supply could lead to a shift in the market as businesses look for more modern spaces. To find out more about industrial properties, you can check out the latest listings and past transactions.

One of the main drivers behind the popularity of condos in Singapore is the scarcity of available land. As a small but populous island country, Singapore has limited space for development, leading to strict land use regulations and a highly competitive real estate market. As a result, condo investments are seen as highly profitable, with the potential for significant capital appreciation. Singapore Projects have become a sought-after choice for those looking to invest in the country’s real estate market.

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Investing in real estate requires careful consideration of various factors, one of the most important being location. This is particularly true in Singapore, where the value of condos is greatly influenced by their location. Proximity to key amenities such as schools, shopping centers, and transportation hubs can significantly impact the appreciation of a condo’s value over time. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown substantial growth in property values, making them highly desirable for condo investments. Families, in particular, seek out these areas due to the presence of reputable schools and educational institutions, further driving up the popularity and potential for appreciation of condo investments in these locations. Therefore, for those looking to invest in a valuable property in Singapore, careful consideration of the condo’s location is crucial.…