The demand for condos in Singapore is mainly fueled by the limited land available in the small island nation. With a growing population, Singapore faces challenges in finding enough land for development. As a result, strict land-use regulations are in place, and the real estate market remains highly competitive, leading to consistently high property values. Given these circumstances, investing in real estate, specifically a Singapore Condo, presents a lucrative opportunity for significant capital appreciation. With limited land supply and high demand, the value of condos in Singapore is expected to continue rising, making it a wise investment choice.
A new residential project in New York is set to be introduced to Singapore buyers during the weekend of Jan 11 and 12. Situated in Manhattan’s desirable Upper West Side, 720 West End Avenue boasts 131 luxurious residences, ranging from one to five bedrooms and including townhouses, duplexes, and penthouses with private terraces. With unit sizes varying from approximately 500 sq ft to over 3,700 sq ft, prices for these homes start at US$1.015 million ($1.38 million) for a one-bedroom unit.
When considering a potential investment in a condominium, it is vital to also carefully examine the potential rental yield. This refers to the amount of annual rental income that the property can generate as a percentage of its purchase price. In Singapore, the rental yields for condos can vary greatly depending on various factors, including the location, condition of the property, and market demand. The Projects in Singapore offered by
Originally designed in 1927 by renowned New York architect Emery Roth, 720 West End Avenue was previously known as the Hotel Marcy. The 17-storey building exudes a striking Renaissance Revival-style facade, which has been meticulously preserved by the developers, Glacier Equities and InterVest Capital Partners. In addition, the building has been enhanced with two additional floors to accommodate the penthouse duplexes, while the interiors have been revitalized by renowned designer Thomas Juul-Hansen.
The development features an impressive array of amenities, spanning over 30,000 sq ft. These include a fitness center, private bar and dining room, library, co-working spaces, outdoor terraces and courtyards, private parking, and bike storage. Savills Singapore will be showcasing the development to local buyers on Jan 11 and 12 at voco Orchard Hotel. The event will also feature a seminar on the New York real estate market at 3pm on both days.