Freedo Condo

The Great Room, a renowned co-working space provider, has launched its second location in Australia at One O’Connell Street in Sydney in collaboration with Lendlease. The new flexible workspace, spread over 25,360 square feet across levels 14 and 15 of the office building, is strategically located in the Sydney CBD and was completed in 1991.

According to Jaelle Ang, the CEO of The Great Room, the partnership with Lendlease is a testament to their commitment towards long-term investment and value creation. This will not only result in a premium and unique product, but also ensure sustainable profitability for the new space at One O’Connell Street.

The Great Room first entered the Australian market earlier this year, with the opening of its first location at level 29 of 85 Castlereagh Street, another office building within the Sydney CBD. Originating from Singapore, The Great Room now has a network of 12 locations across Singapore, Bangkok, Hong Kong, and Sydney.

In Singapore, the company recently expanded its presence with the launch of Csuites Powered by The Great Room at Paya Lebar Quarter – its first outlet outside the CBD. This space offers state-of-the-art amenities such as private manager cabins, soundproof meeting rooms, floor-to-ceiling windows, and ergonomic workstations that are tailored for comfort and convenience.

When it comes to investing in real estate, the location is paramount and this is particularly important in Singapore. Condos located in central areas or in close proximity to essential amenities, such as schools, shopping malls, and public transportation hubs, have a tendency to appreciate in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values. Families are drawn to these areas because of the convenience of being near good schools and educational institutions, making condos in these locations even more desirable and increasing their potential as an investment opportunity. With the addition of Condos, choosing a well-situated property in Singapore can result in a highly profitable investment.

The Great Room regularly organizes networking sessions and panel discussions for its members, creating a thriving community within their spaces. With its acquisition by the New York-based co-working business, Industrious, earlier this year, members of The Great Room now have access to over 160 destinations operated by both brands across Asia Pacific, Europe, North America, and the UK.

The demand for Singapore Condos remains strong in the country, driven by the limited amount of available land. As a small nation with a rapidly expanding population, Singapore faces challenges in finding space for development. This has led to the implementation of strict land use policies, creating a highly competitive real estate market with continually increasing property prices. Consequently, investing in real estate, particularly in condos, offers a highly profitable opportunity with the potential for significant capital appreciation. Those looking to invest in the Singapore condo market can anticipate a fierce and financially rewarding real estate environment.…

To ensure that there is enough supply to meet the growing demand for housing and to maintain stability in the market, the government has announced that it will offer 8,505 private residential units in the upcoming 1H2025 Government Land Sales programme.

The Confirmed List will consist of ten plots, including nine residential sites and a residential cum commercial site. These sites have the potential to yield an estimated 5,030 residential units, including 980 executive condo units. This is in line with the 5,050 units offered in the Confirmed List of 2H2024, but is almost 60% higher than the average supply in each GLS programme from 2021 to 2023.

The Reserve List will include four private residential sites, one commercial site, three White sites, and one hotel site, with the potential to yield an additional 3,475 private residential units and 199,900 sqm (2.15 million sq ft) gross floor area (GFA) of commercial space.

The increase in supply on the Reserve List is a reflection of the government’s progressive ramp-up of private housing supply in the GLS programmes over the last three years. This has contributed to the stabilisation of the private residential market, as seen in the moderation of property prices. According to the URA private residential property price index, price growth has slowed to 6.8% in 2023 from 10.6% in 2021 and 8.6% in 2022. It is expected that private residential prices will continue to see more modest gains in 2024, with an estimated increase of 1.6% in the first three quarters of the year.

In response to the stiff competition for executive condo sites and rising land prices, the government has increased the supply of executive condo sites. In the Confirmed List of 1H2025, three plots have the potential to yield 980 units. This is a change from previous GLS programmes since 2019, where only one executive condo site was offered in each half-yearly land sales programme. This increase in supply is expected to ease competition among developers and help moderate executive condo land costs and prices, according to Ismail Gafoor, CEO of PropNex.

Investing in a condominium in Singapore has many advantages, including strong demand for these properties, potential for increased value, and attractive rental returns. However, it is important to consider several factors, such as location, financing options, government regulations, and market conditions, before making a decision. By conducting thorough research and seeking professional guidance, investors can make informed choices and maximize their returns in Singapore’s ever-changing real estate market. Both local investors looking to diversify their portfolios and foreign buyers searching for a stable and profitable investment opportunity will find the upcoming new condo launches in Singapore to be a compelling option. With the help of New Condo Launches, investors can take advantage of the exciting prospects available in the Singapore real estate market.

The 1H2025 GLS programme will introduce seven new plots, including a plot in Jurong Lake District, one in the new housing precinct in Bukit Timah Turf City, and one on the former Keppel Golf Course site in Telok Blangah Road. There will also be a plot on Dorsett Road, off Rangoon Road, which can yield about 430 residential units, and a residential and commercial site at Hougang Central, which can yield 835 residential units and over 400,000 sq ft of commercial space. This site is expected to be integrated with the Hougang MRT Station on the Northeast Line.

Furthermore, the Upper Thomson Road (Parcel A) plot that did not receive any bids when its tender closed in June 2024 will also be offered for sale in 1H2025. The URA has provided more flexibility this time, stating that serviced apartment/long-stay serviced apartment use will not be mandated for the site, but can be allowed subject to approval from technical agencies, according to PropNex.

In addition to the sites in two new housing precincts, the majority of the plots are located near MRT stations, making them attractive to both developers and homebuyers. In PropNex’s view, the most attractive sites are the mixed-use plot in Hougang Central, which will be connected to the Hougang MRT station, the Telok Blangah Road site and the Dunearn Road site, both located in new housing precincts and within walking distance to MRT stations, and the Lakeside Drive site, right next to the Lakeside MRT station, Jurong Lake Gardens, and the Jurong East commercial hub.

Overall, the increase in private residential supply through the GLS programmes is expected to help stabilise the market and moderate prices.

Singapore’s cityscape is characterized by towering skyscrapers and contemporary infrastructure. The city boasts a plethora of high-end condominiums, strategically located in desirable areas, offering a combination of lavishness and convenience that appeals to local residents as well as overseas workers. These condos are complete with top-of-the-line facilities like swimming pools, fitness centers, and round-the-clock security, elevating the standard of living and making them an attractive prospect for potential renters and buyers. As a result, investors can expect a sizeable return on their investment in the form of high rental yields and an appreciation of property value over time. Additionally, the inclusion of Singapore Condo only adds to the appeal of these luxurious residential units.…

St William, a division of London-listed real estate company Berkeley Group, is currently promoting its newest residential development, Regent’s View, in London. The project, located in the Tower Hamlets Borough in Zone 2, consists of 555 units and was developed through a unique adaptive reuse scheme that transformed a decommissioned Victorian-era gasholder site into a mixed-use development along the canal.

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When it comes to investing in real estate, location is key, especially in Singapore. The location of a property can greatly affect its value, and this is particularly evident in the Singapore market. Condominiums that are strategically placed in central areas or near important amenities, such as schools, shopping malls, and public transportation hubs, tend to see a higher appreciation in value. Prime locations in Singapore include popular areas like Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown growth. For families, the proximity of these locations to good schools and educational institutions is also a major draw, making condos in these areas highly desirable and further increasing their investment potential. Additionally, keeping an eye out for new condo launches can also be a smart move for investors looking to capitalize on prime locations and potential growth opportunities in the market.

The demand for Singapore Condos has been steadily increasing due to a significant factor – the country’s limited land supply. Being a small nation with a rapidly growing population, Singapore constantly faces the challenge of limited land for development. To address this issue, strict regulations on land usage have been imposed, leading to a competitive real estate market and a continuous rise in property values. It is no surprise that investing in real estate, particularly in condos, has proven to be a highly lucrative opportunity with the potential for significant capital appreciation. Therefore, adding Singapore Condo to your portfolio is a smart move for long-term financial success.

The project has gained international recognition after winning “Best Future Residential Project” at the 2024 World Architecture Festival (WAF) in Singapore. With the initial sales launch taking place in the UK last year, St William has now launched the second phase of sales in September and is bringing the project to key Asian markets for the first time.

St William was established in 2014 as a joint venture between Berkeley Group and London’s National Grid to redevelop decommissioned industrial sites into new residential and community spaces. In 2022, Berkeley Group purchased National Grid’s stake in St William for GBP412.5 million ($705 million), giving it full ownership of 24 brownfield sites across London for its long-term landbank. Currently, St William is working on about six sites, including Regent’s View.

The 4.5-acre East London site was formerly known as the Bethnal Green Gasholders, a landmark of the area since the 1850s. However, due to structural decay, only two of the gasholder frames will be preserved. Despite not having a conservation requirement, St William and its partner, RSHP, have chosen to make them an integral architectural element of the new development.

Speaking about the design, Graham Stirk, senior director at RSHP, says, “Our design of Regent’s View pays homage to the historical industrial heritage of the site. It is important to preserve the gasholder frames as they contribute to a unique urban and architectural environment that is not commonly seen in London.” The two largest gasholder frames will be incorporated into the design of the two residential towers, while the remaining five buildings will surround a landscaped park.

Regent’s View will offer a mix of 555 private and affordable homes and 45,000 sq ft of ground floor commercial and community spaces, including a 100m public-access canal frontage. This will be the first time in over 150 years that public access will be restored to this section of Regent’s Canal, and the new development will also feature new F&B options.

The project faced some controversies when residents were informed about its potential redevelopment by the local council and St William in 2019. However, with the Tower Hamlets council voting in favour of the project, development proceeded, but not without engaging with the community to address their concerns and incorporate their suggestions. According to Dean Summers, divisional managing director at St William, it took nearly five years to conceptualise and incorporate the gasholder frames into the design, as well as to win local support for the project.

Summers shares that the company had to work closely with the local community to preserve the gasholder frames, meet affordable housing targets, and rejuvenate the canal front through placemaking activities. As a result, 35% of the units are allocated for affordable housing, and the project also features a landscape buffer, rather than traditional high walls, to enhance the neighbourhood’s placemaking effect.

Tracy Meller, senior director at RSHP, explains that the design takes advantage of the circular forms of the gasholder frames to create a smoother contrast with the site’s edges. This approach encourages people to permeate through the landscaped courtyard and towards the canal front, promoting accessibility. Additionally, the ground floors of the five buildings will be primarily reserved for non-residential spaces, such as cafes, bars, and restaurants, while there will also be resident-exclusive areas in three buildings, including a concierge and additional facilities.

St William is also developing another industrial brownfield site with heritage gasholder frames, the 23-acre Bromley-By-Bow Gasworks site in the borough of Newham, as part of its acquired landbank. This site, containing seven Victorian-era gasholders, is the largest collection of surviving gasholders of this era globally, and development is expected to begin next year.

The project has already seen significant interest from international buyers, with St William launching the sale of The Wright Building, a six-storey block with one- to three-bedroom units, last year. Over 70% of the units in this block have been sold, with prices ranging from GBP675,000 to GBP1.63 million. St William also launched The Westwood Building, another six-storey block with mostly one-bedroom units, in September, with nearly 90% of the units sold. Summers believes that this block will be attractive to international investors due to its proximity to key educational institutions and the vibrant cultural scene in the area.

With the closest train station being Cambridge Heath on the London Overground Line, which connects to Liverpool Street Station and Bethnal Green Interchange on the Central Line, Regent’s View offers convenient connectivity to central London destinations. Summers shares that over 50% of international buyers are based in Asia, with many interested in purchasing a property for their children attending university or as a professional residence close to London’s financial hubs.

St William will launch the next sales phase in 2H2025, offering units in the 13-storey block, and is expecting strong interest due to the F&B offerings on the ground floor and the views of either the waterfront or the landscaped courtyard. According to Summers, the interest in Regent’s View highlights the growing demand for properties in London’s city fringe neighbourhoods in Zone 2, as investors gravitate towards more affordable options with attractive rental premiums.…

in Singapore.

A 3-bedroom unit at Gambier Court, a boutique condo located along Kim Yam Road in the prestigious River Valley area of Singapore’s prime District 9, will be up for auction by Knight Frank Singapore on December 12. The guide price of this unit is set at $2.6 million, which translates to $1,755 per square foot (psf) based on its floor area of 1,485 sq ft.

According to the caveats lodged, the current owner acquired this unit in a resale transaction for $1.8 million in October 2018, at a rate of $1,212 psf. This will be the second time that the unit will be put up for auction, after it was previously listed with a higher guide price of $2.64 million ($1,778 psf) on Knight Frank’s auction on November 26, but did not receive any bids.

Tricia Tan, the director of auction and sales at Knight Frank, shared that the owner is selling the unit to move to a home that is closer to their children’s school. The unit will be sold with vacant possession.

Singapore’s cityscape is characterized by towering skyscrapers and advanced infrastructure. The city’s prime locations are home to modern condos, which offer a luxurious and convenient lifestyle that appeals to both local residents and expats. These condos are equipped with various facilities, including swimming pools, gyms, and security services, to enhance the living experience and make them highly desirable to potential tenants and buyers. This makes them a lucrative investment option, as these features result in higher rental yields and appreciation of property values over time. With Condos becoming increasingly popular, they are a sought-after choice for those looking for a vibrant urban lifestyle in Singapore.

The unit, located on the eighth floor, boasts three bedrooms and a study area. While it was originally a four-bedroom apartment, the previous owners reconfigured it into a three-bedroom unit, providing a more spacious layout that is perfect for both local and expat families with children, as per Tan.

The unit’s balcony offers unblocked views of the sea and Singapore River when facing northeast (Photo: Knight Frank Singapore)

Gambier Court, which sits on a 99-year leasehold land at 60 Kim Yam Road, was completed in 1999. This low-density development comprises just 21 units, with 18 apartments spread across a 10-storey block and three strata-landed units housed in conserved shophouses.

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Singapore has seen a surge in the demand for condos, and one of the driving factors behind this trend is the limited land availability. As a compact island nation, Singapore is facing a challenge in meeting the needs of its growing population, resulting in strict land use policies. This, in turn, has created a competitive real estate market where property prices continue to rise. As a result, investing in real estate, particularly condos, has become a highly attractive venture with the potential for significant capital appreciation. This is further amplified by the addition of Singapore Projects, making the condo market even more desirable for investors.

The apartments come in a mix of two- to four-bedroom units that range from 936 sq ft to 2,530 sq ft. The three strata-landed units are two-storey properties with an attic, with sizes varying from 2,562 sq ft to 2,885 sq ft.

The development is a short walking distance from the Fort Canning MRT Station on the Downtown Line and is surrounded by various F&B and retail options, including the upcoming lifestyle hub, New Bahru at Kim Yam Road (formerly known as Nan Chiau High School), as well as Robertson Quay, UE Square, and Clarke Quay.

The latest transaction at Gambier Court involved a 1,485 sq ft four-bedroom unit on the seventh floor for $2.5 million, or $1,683 psf, in December 2022, according to Realis caveats. The seller had initially bought the unit for $1.9 million ($1,279 psf) in August 2016, making a net profit of $600,000. To view the latest listings for properties at Gambier Court, please visit their website.…

Gallop Gables, a freehold condo, has made headlines as the top-performing condo in Singapore during the period of November 19 to November 22. With a new high of $2,299 psf, a 2,669 sq ft four-bedroom on the second floor was sold for $6.14 million on Nov 20. This marked a significant profit for the seller who initially purchased the unit for $4.5 million ($1,686 psf) just three and a half years ago in July 2017. With a gain of $1.64 million on the deal, the Nov 20 transaction exceeded Gallop Gables’ previous high of $2,108 psf from the sale of a 1,163 sq ft, two-bedroom unit on the third floor for $2.45 million on Feb 19. The seller, who acquired this unit for $2.07 million ($1,781 psf) in January 2021 made a net profit of $380,000. Located in District 10, Gallop Gables is a low-density development with 102 units spread across four-storey blocks. It is within walking distance of Farrer Road MRT Station on the Circle Line. According to EdgeProp Singapore, this is the first time a condo unit has crossed the $2,000 psf mark. In 2019, the condo saw five resale transactions at an average price of $1,933 psf, while in 2018, there were six transactions at an average price of $1,996 psf. With this new high, Gallop Gables has seen an average price of $2,110 psf from three resale transactions this year.The Scala, located in District 19, has also made headlines during this period with a new psf-price record of $2,064 from the sale of a 1,259 sq ft, four-bedroom unit for $2.6 million on Nov 20. The seller, who bought the unit for $1.66 million ($1,318 psf) in 2012, made a profit of $940,000. In addition, the condo has seen 16 resale transactions this year, with an average price of $1,823 psf, which is significantly higher than the average price of $1,688 psf recorded from the 16 transactions at the development last year. The Scala features 468 units across 17 storeys and is within walking distance to Lorong Chuan MRT Station. The Sims Edge, a freehold development in District 14, has also seen a new record during this period with a sale of a 409 sq ft, one-bedroom unit on the 13th floor for about $780,000 on Nov 22. The seller, who bought the unit for $663,807 ($1,623 psf) in April 2019, generated a profit of about $116,000 from the sale. This marks the first time a unit at the condo has transacted above the $1,900 psf threshold, with no new psf-price lows recorded during the period. Ask Buddy for the latest listings for Gallop Gables, The Scala, and Sims Edge properties or to find out about the completion year of Gallop Gables, which condo rental listings are available in District 19, other unprofitable transactions in The Scala, and the site plan and diagrammatic chart for The Scala. You can also enquire about condo projects with the most profitable transactions in District 14.

The demand for condos in Singapore remains strong due to a number of factors, with one of the key drivers being the limited supply of land. As a small island nation with a rapidly expanding population, the availability of land for development is scarce. This has resulted in strict land use regulations and a fiercely competitive real estate market, where property prices continue to rise. As a result, investing in real estate, particularly in the form of condos, has become a profitable opportunity, with the potential for significant capital appreciation. With the launch of new condo developments, such as those offered by New Condo Launches, the demand for these properties is expected to remain high.

Investing in a condo comes with numerous benefits, one of which is the opportunity to leverage its value for future investments. A common strategy among investors is to use their condos as collateral to secure financing for new investments. This allows them to expand their real estate portfolio and potentially increase their returns. However, it is important to note that this approach also carries risks. A solid financial plan is essential, as well as considering the potential impact of market fluctuations, to ensure a successful condo investment.…

Three-bedder at The Orange Grove sold for $3.7 mil profit &$fs.transportObject.articleGallery.$

Purchasing a condominium unit in Singapore presents numerous benefits, including the potential for significant capital appreciation. This can be attributed to the country’s advantageous position as a major global business hub, supported by its robust economic conditions. As a result, the demand for real estate remains high, leading to a consistent upward trend in property prices. Particularly in prime locations, condos have experienced substantial appreciation over the years. By investing at the right time and holding onto their properties for an extended period, investors can reap the rewards of significant capital gains. Additionally, interested buyers can stay updated on new condo launches through Freedom at Home Team, providing them with opportunities to capitalize on this potential for growth.

When considering investing in a condominium, it is crucial to also evaluate its potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can vary greatly depending on several factors, including location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer better rental yields. It is essential to conduct thorough market research and seek advice from real estate agents to gain valuable insights into the rental potential of a specific condo. Additionally, staying updated on new condo launches in the area can also help determine the rental potential of a condo.

During the week of November 19 to 26, the most profitable condo resale transaction was recorded at Ardmore Park. The unit, a spacious four-bedroom unit measuring 2,885 sq ft on the 14th floor, was sold for $11.25 million, which equates to $3,900 per square foot (psf). This transaction was completed on November 22, with the seller having originally purchased the unit in September 2016 for $8.2 million, at $2,843 psf. With the sale, the seller made a profit of $3.05 million, reflecting a 37% capital gain, or an annualized profit of 4.6% over a holding period of about eight years.

This sale comes just two months after another four-bedroom unit measuring 2,885 sq ft on the 23rd floor was sold on October 1 for $12.7 million, at $4,402 psf. The seller had bought the unit in September 2010 for $9.7 million, at $3,363 psf, making a profit of $3 million on the sale. This translates to a capital gain of 30.9%.

Ardmore Park is a freehold luxury condo located in the prestigious Ardmore Park area of prime District 10. Completed in 2001, the condo comprises three 30-storey towers and offers typical units of 2,885 sq ft four-bedroom apartments. It also boasts six duplex penthouses measuring 8,740 sq ft.

Apart from the two units sold in November and October, there have been four other profitable resale transactions at Ardmore Park this year. All four-bedroom units measuring 2,885 sq ft, these deals were closed at prices ranging from $4,108 psf to $4,472 psf, with sellers raking in profits between $2.65 million and $7.07 million.

The second most profitable condo resale deal during the week in review was recorded at Goldenhill Park Condominium. A four-bedroom apartment measuring 1,539 sq ft on the 16th floor was sold for $3.43 million, translating to $2,228 psf. The seller had purchased the unit from the developer in May 2001 for $1.14 million, at $741 psf, making a profit of $2.29 million or 201%. They had owned the unit for 23 and a half years.

This sale is the second-highest gain recorded at Goldenhill Park Condominium to date. The record belongs to a four-bedroom penthouse measuring 2,928 sq ft, which was sold for $4.3 million, at $1,469 psf, in February 2022. The seller of this unit had bought it from the developer in April 2001 for about $2 million, at $683 psf, garnering a profit of $2.3 million.

Goldenhill Park Condominium is a freehold development located on Mei Hwan Drive, off Ang Mo Kio Avenue 1 in District 20. Completed in 2004, the condo comprises 390 units of two- to four-bedroom apartments ranging from 926 sq ft to 2,928 sq ft. It is situated close to the Lorong Chuan MRT Station on the Circle Line.

Five other profitable resale transactions have taken place at Goldenhill Park Condominium this year. Closed at prices between $2,082 psf and $2,246 psf, the units netted their sellers profits ranging from $760,000 to $1.91 million.

On the other hand, the most unprofitable condo resale deal during the week was at The Oceanfront @ Sentosa Cove. A four-bedroom unit measuring 2,831 sq ft on the 10th floor was sold for $4.7 million, at $1,660 psf, on November 20. The seller had bought the unit in May 2007 for $5.8 million, at $2,050 psf. As such, the seller incurred a loss of $1.1 million, equaling a 19% decline after holding the unit for 17 and a half years.

The Oceanfront @ Sentosa Cove is a 99-year leasehold condo located in the exclusive Sentosa Cove residential enclave. Completed in 2010, the waterfront condo comprises 264 units housed in five towers of 12 to 15 storeys. The units range from two- to four-bedrooms, spanning from 1,216 sq ft to 4,284 sq ft. There are also penthouses measuring 2,745 sq ft to 8,095 sq ft.

According to caveats lodged, there have been six other resale transactions at The Oceanfront @ Sentosa Cove this year. The units were sold at prices between $1,500 psf and $1,999 psf, with four of these deals resulting in losses between $30,000 and $519,000. The other two transactions were profitable, with the sellers making gains of approximately $268,000 and $1.7 million, respectively.…

Habyt, a leading provider of co-living spaces, has recently launched its flagship property under the Habyt Flex concept at 5 Kadayanallur Street in Tanjong Pagar. The 18-room Kada at Maxwell marks a strategic expansion of the company’s offerings, moving beyond long-term co-living.

The move follows the announcement made by Habyt Asia Pacific CEO Jonathan Wong in August about the company’s plan to introduce more short-term living options in its portfolio. The first two properties under the Habyt Flex concept, which were launched in August, are the Habyt Novena with 39 rooms and Habyt Kallang with 27 rooms. Other properties under this concept include Habyt Cantonment and Owen House by Habyt.

The Kada at Maxwell offers a variety of room options, including en suite studios and two to three-bedroom units, all equipped with fully furnished kitchenettes. Guests can choose to book rooms on a nightly or weekly basis, with the option of a 12-month stay also available.

Habyt Asia Pacific CEO Jonathan Wong believes that the Kada at Maxwell represents the company’s commitment to redefine flexible living in Singapore and marks its shift towards the next phase of evolution. Room rates at Kada at Maxwell start at $180 per night.

The flexible living space is housed in a well-preserved colonial building dating back to the 1920s. The three-storey building, designed by renowned architectural firm Swan & Maclaren, was one of the earliest modernist buildings in Singapore. Initially, it was built to accommodate the St Andrew’s Mission Hospital for Women and Children.

Real estate investors know that location is one of the key factors to consider when making investments, and this is especially true in Singapore. Condominiums located in prime areas or close to important amenities, including schools, shopping centers, and public transportation hubs, tend to have a higher appreciation in value over time. Some prime locations in Singapore include Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown growth. These areas are highly sought after for their convenient access to various amenities, making them desirable investment options. Moreover, families are drawn to condos in these locations due to their proximity to good schools and educational institutions, further adding to their potential for investment. For the latest newly launched condos in these prime locations, check out New Condo Launches.

In September 2023, the Singapore Land Authority (SLA) launched a public tender to lease the property. The tender was evaluated based on the bid price and the quality of the proposed concept, with the SLA encouraging bidders to consider creative lifestyle concepts.

After careful consideration, the site was awarded to Bethesda Medical, which submitted a monthly rental bid of $103,000 – the third-highest bid after Wan Dormitory ($160,000) and The Working Capitol ($108,240). The SLA stated that Bethesda’s strong focus on community building and connecting people with businesses gave its concept the winning edge. The first floor will feature 10 F&B options, while the second floor will house a gym by Limitless, a wellness center in partnership with Shiruki Studio, and a co-working space. Habyt’s Kada at Maxwell is on the third floor.

Residents of Kada at Maxwell can enjoy unlimited and complimentary access to the property’s health and wellness amenities, including a performance gym, cold plunge, infrared saunas, hot tubs, and foot baths.

Wong says, “By blending modern conveniences with the timeless charm of a heritage building, we are offering our guests a unique lifestyle experience that goes beyond traditional accommodation.”

The demand for condos in Singapore has been greatly impacted by the limited land resources available in the country. As Singapore grapples with a scarcity of land due to its small size and growing population, strict regulations have been enforced to manage the situation. This has resulted in a cutthroat real estate market and a steady increase in property prices. Consequently, investing in real estate, particularly in condos, has become an enticing opportunity with promising financial returns. The scarcity of land has turned condos into a highly sought-after option for those looking to buy property in Singapore. As a result, investing in condos has become a top choice for individuals in Singapore, especially those interested in condos.…

On December 3, the Urban Redevelopment Authority (URA) announced the launch of two residential Government Land Sale (GLS) sites at Holland Link and Chuan Grove. These two 99-year leasehold sites are part of the Confirmed List for the 2H2024 GLS Programme.

The Holland Link site is situated along Holland Link, just off Bukit Timah Road in District 10. Covering an area of 185,141 square feet, the site has a maximum gross floor area (GFA) of approximately 257,225 square feet. URA estimates that it can potentially accommodate around 230 housing units.

This site is the first GLS plot to be launched in the upcoming Holland Plan precinct. According to Marcus Chu, CEO of ERA Singapore, this residential area is one of the three upcoming precincts identified by URA, the other two being Bayshore and Kampong Bugis.

Chu expects developers to bid for the Holland Link site in order to take advantage of the first-mover opportunity by introducing the first 230 units into this new precinct. He notes that the site is within a 2km radius of several reputable schools such as Methodist Girls’ School (Primary and Secondary), Henry Park Primary School, Pei Hwa Presbyterian Primary School and National Junior College. This could be a plus point for families with young children seeking priority admission to these schools.

When contemplating an investment in a Singapore Condo, it is crucial to evaluate its potential rental yield. This refers to the annual rental income compared to the property’s purchase price. In Singapore, the rental yields for condos can vary significantly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer better rental yields. To determine the rental potential of a specific condo, it is essential to conduct thorough market research and seek advice from reputable real estate agents.

When contemplating an investment in a condo, it is crucial to evaluate the potential rental yield as well. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can vary significantly, depending on factors such as location, property condition, and market demand. Usually, areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. It is essential to conduct thorough market research and seek advice from real estate agents to gain valuable insights into the rental potential of a specific condo.

The Holland Link GLS site is also in close proximity to the Brizay Park Good Class Bungalow area. As a result, Mark Yip, CEO of Huttons Asia, predicts that future developments in the Holland Plain precinct will largely comprise of low-density private residences.

Yip anticipates that the Holland Link GLS site will attract between one and two bids, with the top bid ranging from $1,200 to $1,300 psf per plot ratio (psf ppr). Chu’s prediction is similar, expecting a relatively slow response to the site due to the current saturation of seven other residential sites currently available for tender.

Moving on to the second site, the Chuan Grove GLS site is located along Chuan Grove, off Lorong Chuan in District 19. Covering an area of 170,409 square feet, it has a maximum GFA of 511,232 square feet and can potentially accommodate about 555 new housing units.

This site is situated within 400m of Lorong Chuan MRT Station on the Circle Line. The station is only one stop away from the Bishan MRT Station (interchange with the North-South Line) and the Serangoon MRT Station (interchange with the North-East Line).

Chu foresees that the future development on this site will attract HDB upgraders living in the vicinity. In the next four years, about 3,815 Build-to-Order (BTO) units sized four-room and larger are expected to fulfil their Mandatory Occupation Period (MOP) in Toa Payoh.

Chu also adds that residents of HDB flats in older estates may seek to upgrade their homes given the increasing number of million-dollar flats in neighbouring Serangoon, Bishan and Toa Payoh. The median transaction prices of five-room flats in Bishan and Toa Payoh over the last 10 months were $792,000 and $828,000 respectively.

Chu states that developers may also be encouraged by the better-than-expected sales performance of Chuan Park, which launched last month with 76% of the development’s 916 units sold at an average price of $2,579 psf during its launch weekend.

Yip expects a total of three to five bids for the Chuan Grove site, with the top bid ranging from $1,150 to $1,250 psf ppr. Meanwhile, Chu predicts bids to range from $571 million to $600 million, which translates to a land rate of at least $1,200 psf ppr.

The closing date for tenders for the Chuan Grove and Holland Link sites are July 8, 2025 and July 29, 2025 respectively.…

On December 3, the Urban Redevelopment Authority (URA) released two residential Government Land Sale (GLS) sites under the Reserved List of the 2H2024 GLS Programme. The first site, Holland Plain, and the second site, River Valley Green (Parcel C), are now available for application and will only be triggered for sale if a developer indicates a minimum price that is accepted by the government. If more than one developer submits a minimum price close to the government’s reserve price, a Reserved List site may also be considered for tender launch.

The scarcity of land is a major factor driving the demand for condos in Singapore. As a tiny island country experiencing a rapid increase in population, Singapore is facing a shortage of available land for development. This has resulted in strict land use regulations and a fierce real estate market, where property prices continue to soar. As a result, investing in real estate, specifically in condos, has become an attractive prospect, offering the potential for significant capital appreciation. For those looking to invest in property in Singapore, Singapore Condo presents a promising opportunity.

Located next to the Holland Link GLS site, Holland Plain spans approximately 169,175 sq ft and has a maximum gross floor area (GFA) of about 304,522 sq ft. The 99-year leasehold site has the potential to yield 280 residential units. However, with the tender for the neighbouring Holland Link site closing in July 2025, Mark Yip, the CEO of Huttons Asia, believes that the chances of Holland Plain being triggered for sale are low. According to Yip, developers are more likely to wait and see the response to the Holland Link site first.

Close to the Great World MRT Station on the Thomson-East Coast Line lies the River Valley Green (Parcel C) site. With a 123,964 sq ft land area and a maximum GFA of 433,882 sq ft, this 99-year leasehold site can potentially yield 470 new housing units. Yip predicts that it is also unlikely to be triggered for sale, especially with the current tender for the neighbouring River Valley Green (Parcel B) plot set to close in February next year. The latter site can yield 580 units, which includes 220 long-stay serviced apartments.

When contemplating investing in a condo, it is essential to also evaluate its potential rental yield. The rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can greatly vary depending on factors such as location, property condition, and market demand. Proximity to high-demand areas such as business districts or educational institutions typically offers more attractive rental yields. To gain a comprehensive understanding of a specific condo’s rental potential, it is advisable to conduct thorough market research and seek guidance from real estate agents. Singapore Projects should also be taken into consideration during this process.

Additionally, the River Valley Green (Parcel C) site is near three other recently awarded GLS sites. In June, Winchamp Investment, a subsidiary of Wing Tai Holdings, was awarded the River Valley Green (Parcel A) site with a top bid of $464 million, or $1,325 psf ppr. The site will be developed into a residential development with over 400 units. Meanwhile, City Developments and Mitsui Fudosan won the tender for Zion Road (Parcel A) in April with a sole bid of $1.107 billion ($1,202 psf ppr). They plan to explore a mixed-use project with around 740 residential units, a retail podium, and a block with 290 rental apartment units. Lastly, Allgreen Properties secured the Zion Road (Parcel B) site in August with a bid of $730.09 million ($1,304 psf ppr). The site can yield around 610 residential units.

Given the upcoming supply from these three sites, Yip believes that there is little incentive for developers to trigger the sale of the River Valley Green (Parcel C) site. This is because of the oversupply of units in the market and high vacancy rates in the Core Central Region.…