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Choosing the right location is integral when it comes to real estate investments, and this holds particularly true for properties in Singapore. Condominiums that are strategically situated in central areas or in close proximity to important amenities, such as schools, shopping centers, and public transportation hubs, have proven to appreciate significantly in value over time. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) are excellent examples of areas where property values have consistently shown growth. Additionally, condos located near reputable schools and educational institutions are highly sought after by families, making them even more desirable and ultimately increasing their potential for investment. With the constant development and launch of new condos in Singapore, such as those offered by New Condo Launches, investors have even more opportunities to secure properties in prime locations and reap the benefits of their appreciation over time.

A rare opportunity to own a pair of adjoining strata retail units at Peninsula Plaza has come on the market for $10.9 million. Located on the ground floor, these 999-year leasehold units boast a prominent frontage along North Bridge Road.

The first unit offers a strata area of 538 sq ft, while the second unit measures 581 sq ft, bringing the total to 1,119 sq ft. This translates to a price of $9,741 per sq ft based on the strata area. The properties are currently tenanted until 2026, providing investors with a 3% gross rental yield.

“The two units are undoubtedly the most desirable in the development, with excellent street frontage and consistent footfall every day,” says Nick Chan, Associate Director of Investment Sales & Capital Markets at Savills Singapore, who is handling the sale of the units on a private treaty basis.

Peninsula Plaza is a prestigious 999-year, 30-storey mixed-use commercial building. It features a six-storey retail podium and a 24-storey office tower, completed in 1980. The building boasts prominent frontages along North Bridge Road, Coleman Street, and Coleman Lane. Additionally, it provides sheltered access to City Hall MRT Interchange Station for the North-South and East-West lines.

According to Chan, since the URA imposed restrictions on strata subdivision of new commercial properties in the CBD and Orchard corridors in March 2022, the demand for strata-titled units, especially those with 999-year and freehold tenure, has increased significantly.

In August 2022, a 452 sq ft ground-floor retail unit in Peninsula Plaza was sold for $4.08 million ($9,025 psf), according to a lodged caveat. Don’t miss this rare opportunity to own a pair of prime retail units at Peninsula Plaza.

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When it comes to investing in real estate, location plays a crucial role, and this is especially true in Singapore. In the city-state, condos that are situated in central areas or near important amenities, such as schools, shopping malls, and public transportation hubs, tend to appreciate in value more. Prime locations, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values. This is why condos in these areas are highly sought after, especially by families, as they are also in close proximity to good schools and educational institutions. With the addition of Singapore Projects, the investment potential of these condos is further boosted.…

The team at Brand New Land had a goal to bring elements of Good Class Bungalow (GCB) style into the realm of accessible luxury semi-detached homes. To accomplish this, they collaborated with Pau Loh, the managing director of Tellus Design, a renowned name in GCB design with whom they have a 30-year history. Together, they developed a collection of four semi-detached homes in the Bukit Timah and Upper Bukit Timah areas, each incorporating thoughtful elements from the best practices of GCB homes.

Dubbed “The Great Trees Collection”, the semi-detached homes at 23 & 23A Maple Avenue boast an expansive frontage of over 24m. Inspired by the beauty of nature, the homes at 25 & 25A Jalan Selanting and 23 & 23A Maple Avenue are affectionately called “The Great Trees Collection”. With land sizes ranging from 2,790 to 3,130 sq ft, each home features a lift, swimming pool and gourmet kitchen provisions. In line with Brand New Land’s philosophy of creating value for their clients, the homes are priced within the bank valuation range, leaving room for potential upside for the buyers.

In summary, making an investment in a condo in Singapore provides a multitude of benefits. These include a strong demand for properties, potential for appreciation in value, and appealing rental yields. However, it is crucial to carefully evaluate factors such as location, financing options, government regulations, and overall market conditions. By conducting thorough research and seeking professional guidance, individuals can make well-informed decisions and maximize their returns in Singapore’s dynamic real estate industry. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, condos in Singapore offer a compelling opportunity.

GCB Design Elements

The semi-detached homes incorporate distinct zones for different functions, inspired by the design of larger bungalow homes. This includes separate areas for welcoming guests, dining, gourmet cooking, and various entertainment spaces, as well as living zones for larger or smaller groups. The entrance area at 23 Maple Avenue boasts views of the pool and greenery, while 25 Jalan Selanting features private corners for intimate conversations. The view from the second floor of 23 Maple Avenue seamlessly connects with the first floor, maintaining privacy while still allowing for a cohesive living space. The Sky Terrace at 25 Jalan Selanting serves as an entertainment zone with an inspiring view of Bukit Timah Nature Reserve. Co-Founder and Director of Brand New Land Group, Alvina Teh, emphasizes the sense of intimacy and privacy created by these dedicated spaces, allowing family and friends to be at home together while still having their own personal space.

“Ceremonial Entrances”

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When it comes to investing in property in Singapore, it is crucial for foreign investors to have a good grasp of the applicable regulations and restrictions. While purchasing condos is usually more straightforward for foreigners compared to landed properties which have more rigid ownership rules, there is still the Additional Buyer’s Stamp Duty (ABSD) to consider. This currently stands at 20% for first-time property buyers. Despite the added expenses, the Singapore real estate market’s stability and potential for growth continue to entice foreign investments. If you’re interested in investing in Singapore, be sure to check out Singapore Projects.

Client Relations Director of Brand New Land Group, Tatiana Teh, highlights the importance of the experience of coming home and stepping into one’s own space. The homes each feature a “ceremonial entrance” – framed by lush greenery, the soothing sounds and reflection of water, and warm materials on the façade – to celebrate the transition from the outside world into the home. This experience is further enhanced by calming views of natural elements from various parts of the home at 25 Jalan Selanting and 23 Maple Avenue.

Luxe Architecture and Rich Materials

Inspired by Loh’s signature style that has proven successful in GCBs in Singapore’s tropical climate, the homes feature wide overhanging eaves and deep recesses to provide shelter and cool the interiors. Horizontal design elements, such as the wraparound golden sand façade treatment and horizontal planters, give the homes a spacious and luxurious aesthetic. The wraparound golden sand façade treatment at 25 Jalan Selanting beautifully anchors the timber-effect screens, creating an artful play of shadows. The use of natural-inspired cladding elements adds to the homes’ look of quiet luxury, with generous use of rich midnight tones and timber-effect finishes making a statement. Inside, the homes feature luxurious finishes such as rich timber grain, precious marble, and high-quality fittings from Germany.

Collaboration with Arclinea Singapore

To enhance the gourmet kitchen experiences in these homes, Brand New Land has partnered with luxury kitchen specialist Arclinea Singapore. With a shared objective of inspiring everyday connections in extraordinary kitchen spaces, the collaboration adds a special touch to the homes designed for a predominantly GCB clientele. The beautiful kitchens at 25 Jalan Selanting and 23 & 23A Maple Avenue were designed with reference images from Arclinea Singapore, featuring sleek and modern design elements.

“Our vision for this collection is to bring the best GCB design principles into our semi-detached homes,” says Alvina. She expresses gratitude for the opportunity to work alongside Pau Loh, an accomplished and dependable architect who helped bring their vision to life. “We are very excited for the future that these homes will create for the lives they touch.”

To view these homes, call 8893 7602. For more information and updates on upcoming launches, visit www.brandnewland.com.sg or follow them on Instagram, Facebook, YouTube, and LinkedIn. For those interested in working with the group or have land suitable for redevelopment, please email comehome@brandnewland.com.sg.

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With the rapid growth in demand for investments in Singapore’s real estate market, condominiums have become an attractive choice for both local and international investors. This is largely due to the nation’s robust economy, stable political landscape, and exceptional standard of living. As such, Singapore offers a wealth of opportunities for investment, with condominiums emerging as a top option for investors. These properties not only offer convenience and a wide range of amenities, but also have the potential to provide high returns. Therefore, investing in a condo in Singapore can be a wise decision. In this article, we will delve into the advantages, important considerations, and necessary steps to take when selecting a condo for investment in Singapore.

Investing in a Singapore condo presents numerous advantages, one being the potential for capital appreciation. Due to its prime location as a global business hub and thriving economic conditions, Singapore has a consistent demand for real estate. This has resulted in a steady increase in property prices over the years, particularly for condos in highly sought-after areas. Those who enter the market at the right time and hold onto their properties for an extended period can reap the benefits of substantial capital gains.

214 Serangoon Avenue 4, a 99-year leasehold HDB shophouse, will be up for auction on Feb 26 by SRI. With a total floor area of about 1,668 sq ft, this two-storey shophouse also comes with living quarters on the second floor. The guide price for this property is $1.98 million, which translates to $1,187 psf on the floor area.

This is the second time the property will appear in SRI’s auction as it was listed last month with a higher guide price of $2.08 million, but did not attract any buyers. According to Jansen Kee, the assistant manager of auctions at SRI, the shophouse is well-located in front of a bus stop, giving it high visibility from the road.

The shophouse is currently tenanted, generating a gross rental yield of approximately 6.2% based on the guide price. Kee also points out that the property will be sold with its existing lease, which ends in 2026, providing the new owner with immediate rental income. The listed guide price for the HDB shophouse is one of the lowest for this asset class in the area, making it an attractive value proposition for both investors and owner-occupiers.

According to URA records, the most recent commercial shophouse transaction in Serangoon was the sale of a 999-year leasehold shophouse along Lichfield Road, which fetched $4 million ($1,725 psf) in November 2024. The property up for auction is located within a cluster of HDB flats that border the Serangoon Gardens landed residential estate. It sits directly across the road from Serangoon Swimming Complex and Serangoon Sports Centre, providing a steady stream of foot traffic. Carpark lots are also available behind the shophouse.

Potential buyers can check out the latest listings for Serangoon Gardens properties and compare price trends for new and resale condos in the area. They can also find out the rental yield and completion year for Serangoon Gardens properties, as well as the buyer profile for this highly sought-after estate.…

A luxurious four-bedroom duplex apartment at the highly sought-after freehold condo 3 Orchard By-The-Park has recently been put up for sale through an expression of interest exercise (EOI). The unit, which boasts a spacious 3,800 sq ft layout, is listed with a guide price of $15.8 million.

Singapore is known for its impressive urban scenery, characterized by towering skyscrapers and state-of-the-art facilities. Among these, condos reign supreme as the preferred choice for both locals and foreigners alike. Located in highly sought-after areas, these residential complexes offer a perfect combination of luxury and convenience. Complete with top-notch amenities such as swimming pools, gyms, and round-the-clock security services, they provide a high-quality lifestyle that attracts potential tenants and buyers. For investors, these desirable features result in higher rental returns and steady appreciation of property values over time. To experience the best of Singapore’s condo living, check out Singapore Condo.

Ultimately, purchasing a Condo in Singapore presents an array of benefits that make it a desirable investment opportunity. These include the high demand for properties, the potential for significant appreciation in value, and appealing rental yields. However, before diving into such a venture, it is crucial to carefully consider various factors, such as location, financing options, government regulations, and current market conditions. By conducting thorough research and seeking professional advice, potential investors can make well-informed decisions and maximize their returns in this dynamic real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment opportunity, Condos in Singapore offer a compelling option to consider. Don’t hesitate to explore further and discover the potential that lies within this Condo investment.

Represented by Huttons Asia, the unit offers an attractive price of approximately $4,158 psf. The lavish unit features a towering ceiling height of 4m and a private lift, while three of the four bedrooms boast ensuite bathrooms. The unit has undergone a significant renovation three years ago, with a whopping $700,000 invested into the revamp, as shared by Huttons.

Developed in 2017, the prestigious 3 Orchard By-The-Park is designed by acclaimed Italian architect Antonia Citterio. The modern and elegant condo comprises three 25-storey towers, featuring a total of 77 units. These range from two- to four-bedroom units, sized from 1,066 sq ft up to 3,800 sq ft. For those seeking a more opulent living experience, there are also penthouses available, ranging from 6,555 sq ft to 6,900 sq ft.

Situated along Orchard Boulevard, the development enjoys close proximity to Orchard Road’s renowned shopping district. The area is also home to prestigious schools such as Anglo-Chinese School (Junior), Anglo-Chinese School (Primary), ISS International School (Elementary & Middle school Campus), and Singapore Chinese Girls’ School (Primary). The Orchard Boulevard MRT Station (Thomson-East Coast Line) is within walking distance as well.

For those interested in acquiring this luxurious duplex apartment, the EOI exercise will close on March 5 at 4pm. For more attractive listings at 3 Orchard By-The-Park, visit EdgeProp’s website. Or, check out the price trend chart for 3 Orchard By-The-Park, compare the price trend of new sale condos with resale condos, and find out the rental yield for 3 Orchard By-The-Park. You can also discover the top 10 most expensive condos in District 10.

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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.…

Linking home and work: In search of work-life balance at Paya Lebar Regional CentreAlternative spaces

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.

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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.…