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The 2024 PERE Global Awards have named CapitaLand Investment Limited (CLI) CEO Lee Chee Koon as the ‘Industry Figure of the Year’ for Asia Pacific. The annual awards, presented by a London-based publication covering private equity real estate markets, recognize outstanding firms, individuals, and deals from the previous year. In addition, CLI was also named runner-up for ‘Firm of the Year’ in Asia Pacific.

Investing in a Singapore Condo has become a highly sought-after option for both domestic and international investors. This can be attributed to the country’s strong economy, stable political climate, and exceptional quality of life. With its flourishing real estate market, Singapore presents a plethora of opportunities, and condos particularly stand out for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, considerations, and steps to take when venturing into a condo investment in Singapore.

This year, the PERE Global Awards shifted from previous editions, where submissions were first shortlisted and then voted on by readers to determine the winners. Instead, a panel of PERE journalists selected the winners.

CLI, in a March 4 press release, expressed their appreciation for Lee’s award, stating that it recognizes “his role in driving CLI’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region.”

Since taking on the role of CapitaLand’s group CEO in September 2018, Lee has made strategic moves that have led to the company’s growth. These include the acquisition of Ascendas-Singbridge in 2019 and the recent restructuring of CapitaLand Group, which involved the listing of CLI and the privatisation of its real estate development arm, CapitaLand Development.

When considering potential investments in Singapore, a condo can be a lucrative option with great benefits. These include high demand, potential for capital appreciation, and attractive rental yields. However, before making any decisions, it is crucial to take into account various factors such as location, financing options, government regulations, and current market conditions. A thorough analysis and seeking professional guidance can assist in making informed choices and maximizing returns in the ever-evolving real estate market in Singapore. Whether you are a local investor seeking to expand your portfolio or a foreign buyer in search of a stable and profitable investment, condos in Singapore hold a captivating opportunity. So, don’t wait any longer and start exploring the possibilities of investing in a Condo in Singapore.

In 2024, CLI made significant investments, such as the acquisition of real estate investment manager SC Capital Partners Group and the purchase of Wingate Group Holdings’ property and corporate credit investment management business. These moves have positioned the company to achieve its goal of managing $200 billion in funds by 2028.…

On March 3, private equity real estate firm SC Capital Partners Group announced the sale of its student accommodation asset in Sydney, Australia. The property, situated on Anzac Parade and Lorne Avenue in Kensington, was sold at a substantial premium from its purchase price, and a 19% increase from its current book value. The buyer of the asset was the University of New South Wales (UNSW) in Sydney.

SC Capital Partners acquired the property in 2016 for A$57 million, and the recent sale marks a significant return on investment for the firm. The purpose-built student accommodation spans 85,035 sq ft and includes 233 beds and a commercial podium on the ground floor. Its prime location within 600m of the UNSW Kensington Campus and full occupancy by UNSW make it a desirable asset for investors. In fact, in 2019, a new 20-year master lease was signed between the university and SC Capital Partners, ensuring long-term stability for the property.

When contemplating investing in a condo, it is crucial to evaluate the potential rental yield. This refers to the yearly rental income expressed as a percentage of the property’s purchase price. In the bustling city of Singapore, the rental yields for condos can vary greatly 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 more promising rental yields. It is imperative to conduct thorough market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a specific Singapore Condo.

When making investments in Singapore, it is imperative for non-residents to have a thorough understanding of the regulations and limitations surrounding property ownership. While foreign investors have relatively unrestricted access to purchasing condominiums, strict rules are in place for the ownership of landed properties. In addition, foreign buyers must also abide by the Additional Buyer Stamp Duty (ABSD), which is currently set at 20% for their first property purchase. Despite this additional cost, the stable and promising growth opportunities of the Singapore real estate market continue to attract foreign investors, as seen through the ongoing interest in investing in Singapore Projects. This is evident in the continued demand for Singapore Projects by foreign buyers.

The recent sale is indicative of the growing interest and competitiveness in the Australian real estate market, as demonstrated by the increasing assets under management (AUM) of firms like SC Capital Partners. With the completion of this transaction, SC Capital Partners’ AUM has risen to $113 billion. The firm continues to explore opportunities for growth and strategic investments in the region.…

The stock price of City Developments declined by 5.47%, falling 28 cents, upon resumption of trading today after being halted on February 26. The company was also forced to cancel a results briefing at the last minute, as news of a rift between executive chairman Kwek Leng Beng and his son, group CEO Sherman Kwek, emerged.

CDL released a statement on March 3, saying that it will not comment on the validity of the allegations made in the news reports, as these allegations are currently being addressed in the ongoing court proceedings. The company reassures shareholders that its business operations remain unaffected and that Sherman Kwek will continue to serve as the Group Chief Executive Officer until further notice.

In light of the dispute within the board, analysts have downgraded their ratings and reduced their target prices for CDL. UOB Kay Hian’s Adrian Loh downgraded the stock from “buy” to “hold” on February 27, due to the company’s lower-than-expected FY2024 numbers and the public feud between the Kwek family members. He also revised his target price from $7 to $4.60, based on a price-to-book (P/B) ratio of 2 standard deviations below its five-year average of 0.72.

Similarly, in their note dated February 27, Derek Tan and Tabitha Foo of DBS Group Research see the potential for CDL’s fundamentals to remain strong despite the ongoing dispute. They note that the company’s valuation is currently at 0.5 times P/B and 0.3 times price-to-right issue net asset value (P/RNAV), which are lower than the lows seen during the Global Financial Crisis. The analysts, who maintained their “buy” call, lowered their target price from $10.50 to $6.70, based on a 60% discount to the RNAV, compared to the previous valuation multiple of 35%.

The decision to invest in a condo in Singapore is gaining popularity among both local and foreign investors, thanks to the country’s strong economy, stable political environment, and exceptional quality of life. The real estate market in Singapore is brimming with opportunities, and condos are especially appealing due to their convenience, amenities, and potential for high returns. In this article, we will delve into the advantages, factors to consider, and steps to take when making a condo investment in Singapore.

OCBC Investment Research also maintains a “buy” recommendation but has reduced their fair value from $6.57 to $6.02, based on a wider RNAV discount of 60%. They believe that uncertainties over the company’s outlook and potential overhang on its share price will remain until the board dispute is resolved.

Investing in a condominium (condo) in Singapore offers a host of advantages, with one of the most notable being the potential for capital appreciation. This island nation’s strategic position as a global business hub, combined with its robust economic foundation, results in a constant demand for real estate. The property market in Singapore has consistently shown an upward trend, with condos in prime locations experiencing particularly significant appreciation over the years. Savvy investors who enter the market at the right time and hold onto their condo investments for the long term can reap substantial gains in terms of capital.

Citi Research analyst Brandon Lee highlights the difficulty in quantifying the impact of this episode but notes that uncertainty surrounding the board and company leadership, as well as the potential lengthiness of a court case, could be a short-term overhang on the share price. However, he also believes that CDL is currently under-owned by investors, making a positive resolution to the dispute a potential catalyst for the share price in the long run. Lee maintains a “buy” rating with a target price of $9.51, based on the stock trading at less than a third of its book value.

In their note dated February 26, JP Morgan analysts Mervin Song and Terence M Khi refer to the situation at CDL as a “dynastic discord” resulting from years of frustration and underperformance within certain members of the Kwek family. They hope for a positive resolution and reconciliation among family members, but have reduced their target price from $6.05 to $4.85, based on a 60% discount to their RNAV estimate of $12.10 per share.…

The trustee of Elite UK REIT, Perpetual (Asia) Limited, has recently sold Crown Buildings, Caerphilly, located in Wales, for a total of GBP710,000. This price is at an 18% premium from its last valuation of GBP600,000 based on an independent evaluation conducted by CBRE at the end of 2024. The property was valued at GBP530,000 at the end of 2023.

The sale of Crown Buildings, Caerphilly was made in a bourse filing on March 3, where the manager of Elite UK REIT announced that the proceeds from the sale will be used to repay the REIT’s outstanding borrowings. The property, which has 20,712 sq ft of gross floor area, was considered vacant at the time of the sale.

The successful GBP28 million preferential offering by Elite UK REIT in January of 2024 had a positive effect on the company’s financials. This offering resulted in a reduction of their leverage ratio from 50.0% at the end of 2023 to 43.4% at the end of 2024, and their net gearing ratio decreased from 47.5% to 42.5%. It is worth noting that there are no debts maturing in 2025 and 2026, and the REIT’s next refinancing is not due until 2027. This shows that Elite UK REIT is in a strong financial position and is well-prepared for potential future growth opportunities.

The decision to invest in a condo in Singapore has become increasingly favorable among both local and foreign investors. This is largely due to the country’s strong economy, political stability, and exceptional standard of living. With a flourishing real estate market, Singapore offers a multitude of opportunities for property investment, with condos being a top choice for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, important factors to consider, and necessary steps to take when making a condo investment in Singapore. To learn more about investing in Singapore condos, click here.

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When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore Projects, the rental yields for condos can vary significantly based on factors such as location, property condition, and market demand. Generally, areas with high rental demand, like those near business districts or educational institutions, tend to offer higher rental yields. Conducting thorough market research and consulting with real estate agents can provide valuable insights into the rental potential of a specific condo in Singapore.…

Mandarin Gardens, a condo development, made headlines during the week of February 7-14 for recording the most profitable resale transaction. On February 11, a four-bedroom unit spanning 3,800 sq ft was sold for $4.88 million, at a rate of $1,284 per sq ft. This was an impressive increase from the unit’s last transaction in June 2003, when it was sold for $1.05 million, or $276 per sq ft, according to URA records. This resulted in a whopping profit of $3.83 million for the seller, equivalent to a 364.8% increase from the original purchase price, and an annualised capital gain of 7.4% over a period of 21 and a half years.

Not only did this sale break records for the most profitable transaction at Mandarin Gardens, but it also surpassed the previous record holder – a four-bedroom unit of 3,068 sq ft on the 20th floor. This unit was purchased for $1.4 million ($456 per sq ft) in August 2001 and resold for $4.1 million in September 2021 ($1,336 per sq ft), resulting in a profit of $2.7 million (193%), or an annualised gain of 5.5% over 20 years.

Investing in a Condo in Singapore has many benefits, one of which is the potential for capital appreciation. Due to its advantageous position as a thriving global business hub and its stable economy, there is a constant demand for real estate in Singapore. As a result, properties located in prime areas where Condos are situated have continuously gained value over the years. Savvy investors who know when to enter the market and hold onto their Condo investments for a significant period can see significant returns. Additionally, with the option to add on Condo, the potential for profit increases even further.

Despite the lucrative profit of $2.3 million, the average resale price of units at Mandarin Gardens has remained stagnant since September 2023, when it broke the $1,300 per sq ft mark. As of February 25, prices have reached a peak of $1,316 per sq ft in June 2024, before dropping slightly to $1,310 per sq ft.

The unit sold on February 11 is one of 18 four-bedroom units in Mandarin Gardens, with the last transaction for a similar unit of 3,800 sq ft taking place in June 2023 for $4.26 million, or $1,122 per sq ft.

Located in District 15, Mandarin Gardens is a 99-year leasehold development sited on a sprawling 1.07 million sq ft land along Siglap Road. The project spans 17 blocks, with heights ranging from nine to 23-storeys. It boasts a total of 1,006 residential units, comprising one- to two-bedroom units from 732 sq ft to 1,001 sq ft, and three- to four-bedroom units of 1,528 sq ft to 3,800 sq ft. It also has 11 commercial units.

The second most profitable transaction during the same period was recorded at Parvis, a coveted freehold condo along Holland Hill in District 10. On February 10, a three-bedroom unit of 2,260 sq ft on the second floor was sold for $4.78 million ($2,115 per sq ft). The unit was last sold for $2.78 million ($1,230 per sq ft) in December 2009, making a profit of $2 million (71.9%), or an annualised gain of 3.6% over a period of 15 years.

Parvis has 248 residential units spread over 12 storeys (Photo: Samuel Isaac Chua / EdgeProp Singapore)

This sale also ranks as the third most profitable transaction at Parvis. The current record holder is a four-bedroom unit of 2,605 sq ft, which changed hands for an impressive $5.4 million ($2,073 per sq ft) in November 2022. The owners had purchased the unit for $3.21 million ($1,230 per sq ft) in December 2009, which resulted in a profit of $2.19 million (68.2%), or an annualised gain of 4.1% over a space of 13 years.

This year alone, this seller has recorded the second profitable transaction at Parvis – a four-bedroom unit of 2,788 sq ft on the 12th floor, which sold for $6.1 million ($2,188 per sq ft) on January 6. The seller bought the unit for $4.25 million ($1,524 per sq ft) in 2011, leading to a profit of $1.85 million (43.5%) after 14 years. This sale now ranks as the fifth most profitable transaction at Parvis.

The condo comprises 248 residential units spread over 12 storeys. It boasts two-bedroom units of 990 sq ft to 1,442 sq ft, three- and four-bedders of 1,701 sq ft to 2,605 sq ft, and penthouses of three to four bedrooms in size, ranging from 2,293 sq ft to 3,229 sq ft.

Within a 2km radius, Parvis is serviced by a number of well-known schools, such as Henry Park Primary School along Holland Grove Road, Nanyang Primary School along Coronation Road, New Town Primary School along Tanglin Halt Road and Queenstown Primary School along Margaret Drive. It is also just a five-minute walk to Holland Village MRT Station on the Circle Line.

On the other hand, the least profitable transaction during this period was recorded at Scotts Square, where a two-bedroom unit of 947 sq ft on the 28th floor was sold for $3.08 million ($3,252 per sq ft) on February 13. The same unit was sold for about $3.83 million ($4,039 per sq ft) in December 2007, translating to a loss of $745,880 (19.5%) for the seller. This is equivalent to an annualised loss of 1.3% over 17 years.

Singapore’s cityscape is characterized by towering skyscrapers and advanced infrastructure. The real estate scene is dominated by condominiums, strategically situated in desirable locations, offering a combination of opulence and convenience that appeals to both locals and foreigners. These luxurious residences are equipped with top-notch facilities including pools, fitness centers, and security services, elevating the overall living experience and making them highly sought after by potential renters and buyers. For investors, these alluring features translate into higher rental returns and appreciation in property values in the long run. To learn more about Singapore Projects, click here.

Scotts Square has recorded 69 unprofitable sales since its launch in 2007, out of which 18 (26%) resulted in a seven-figure loss. The most unprofitable transaction at the condo was recorded when a three-bedroom unit of 1,249 sq ft was sold for $3.65 million ($2,923 per sq ft) in February 2017. The sellers had initially bought the unit at launch in August 2007 for around $5.21 million ($4,171 per sq ft), resulting in a loss of about $1.56 million (30%) over 10 years.

After reaching a peak of $4,054 per sq ft in July 2007, the average resale price of units at Scotts Square has been on a downward trend, dropping to $3,330 per sq ft in August 2020. In January, the average resale price was $3,398 per sq ft.

Scotts Square is a freehold mixed-use development located on Scotts Road in the Orchard shopping belt. Completed in 2011, it has two towers of 43 and 34 storeys, with a total of 338 apartments along with a four-storey retail segment.

Residential units at the condo come in one- to three-bedroom apartments, ranging from 603 sq ft to 1,249 sq ft. Notable amenities at the condo include concierge services, a gym, a lap pool, and a sky pool on the 35th floor.…

The demand for Singapore Condo is continuously on the rise, mainly due to the limited availability of land. As a small island nation with a booming population, Singapore faces a challenge in meeting the demand for development space. This has resulted in strict land use regulations and a competitive real estate market, where property prices are constantly soaring. As a result, investing in real estate, particularly in condos, has become a profitable opportunity as they promise a significant increase in capital value.

When purchasing a condo, it is crucial to take into account the maintenance and management of the property. Condos usually require maintenance fees, which cover the maintenance of shared spaces and amenities. Although these fees may increase the overall cost of owning a condo, they play a vital role in preserving the property’s value and condition. Investors can also benefit from hiring a property management company to handle the day-to-day operations of their condo, making it a relatively hands-off investment. Singapore Projects can be a great option for potential investors.

The top spot for private condos that achieved a new psf-price high between Feb 7 to 16 was claimed by a two-bedroom unit at Hill House. Selling for $1.54 million on Feb 16, the 452 sq ft unit on the eighth floor set a new peak price of $3,398 psf for the 999-year leasehold development.The latest transaction surpassed the previous record of $3,378 psf set on Feb 11, when another similarly sized unit on the same floor was sold for $1.53 million. Located at the top of Institution Hill, off River Valley Road, the boutique condo comprises mostly one- and two-bedroom units, as well as a few three-bedroom units.Ranging from 431 sq ft to 624 sq ft, the one- and two-bedroom units have been selling well since the project was launched in 2022. According to URA caveats, 51.4% of the 72 units at Hill House have been sold at an average price of $3,152 psf. The development is slated for completion in 2026.Another property that achieved a new psf price high was a two-bedroom unit at The Tresor in District 10. The 1,421 sq ft unit was sold for $3.73 million on Feb 10, setting a record of $2,625 psf for the 62-unit development. The previous record of $2,501 psf was set in 2024 when another three-bedroom unit was sold for $3.5 million.The Tresor, located on Duchess Road, comprises two- to four-bedroom apartments ranging from 990 sq ft to 2,896 sq ft. Completed in 2007, it is within walking distance of Tan Kah Kee MRT Station and several amenities including Coronation Shopping Plaza and Serene Centre.Jadescape, a 99-year leasehold development in District 20, also made the list with a four-bedroom unit on the 22nd floor selling for $4.05 million on Feb 7. With a record price of $2,459 psf, the 1,647 sq ft unit surpassed the previous high of $2,446 psf set in January. The condo is known for its luxurious units, with the most expensive sale so far being a 4,230 sq ft, six-bedroom penthouse that went for $10.2 million in 2024.Jadescape is within walking distance of Marymount MRT Station and a short walk from Sin Ming Plaza. With 1,206 units, the development offers a mix of one- to five-bedroom apartments and two penthouses. According to data from EdgeProp Research, the development has one of the highest average transacted prices in the area at $2,192 psf, compared to the average of $1,712 to $1,912 psf for other condos in the vicinity. No new psf-price lows were recorded during the period in review. To find out more about these and other properties, search for the latest new launches or check out the latest listings for Hill House, The Tresor, and Jadescape.…

Investing in a condo in Singapore has emerged as a popular choice for both local and foreign investors, owing to the country’s strong economy, stable political climate, and exceptional quality of life. With Singapore’s real estate market offering a plethora of opportunities, condos have gained traction due to their convenience, amenities, and potential for attractive returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when venturing into the world of condo investments in Singapore.

Chiu Teng Group has a strong track record in developing quality commercial and industrial spaces in Singapore. To continue this success, the group has launched its latest freehold development – CT Pemimpin, which is set to be a highly sought-after property for investors and business owners.

Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory with 56 strata-titled units and three canteen units. The units have floor heights ranging from 5.6m to 7.35m, with selected units having mezzanine floors on levels one and five.

One of the standout features of CT Pemimpin is its rare freehold status. In today’s market where most industrial developments are limited to 30 or 60-year leases, a freehold property is a valuable find. Additionally, buyers of commercial and industrial properties are not subject to the Additional Buyer’s Stamp Duty (ABSD) by the government, making them an attractive option for investors and eligible foreigners.

Deputy CEO of PropNex Realty, Kelvin Fong, says, “Being a freehold development in this centralised location, it will be good investment asset to both investors and end-users.”

CT Pemimpin also offers a generous one-to-one carpark ratio, with 59 carparks that include two electric vehicle lots, three lorry lots for less than 7.5m length rigid-frame vehicles, two handicapped lots, and 34 bicycle lots. Each unit is equipped with its own private toilet, providing convenience for the occupants to access it from their own premises.

According to SRI managing partner, Ken Low, this is a standout perk of CT Pemimpin as it offers convenience for business owners. This will ensure seamless accessibility and time-saving. The partial ramp-up design also enhances accessibility for day-to-day operations, allowing for smoother loading and unloading of goods, and improving overall logistics efficiency. These features make CT Pemimpin an ideal choice for businesses owners looking for convenience, functionality, and ease of access, in addition to its strategic central location.

Situated in District 20, CT Pemimpin is in a highly popular area with buyers and tenants due to its close proximity to well-established townships such as Bishan, Upper Thomson, and Ang Mo Kio. Its strategic location offers excellent accessibility and connectivity to all parts of Singapore via various transport modes. With three MRT lines serving the industrial estate, it provides great convenience to those who commute to work by public transport.

Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage choices, but it is crucial to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework limits the amount of loan a person can take based on their income and current debt obligations when purchasing a Singapore Condo. It is crucial for investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers to make well-informed decisions about their financing. This can prevent them from over-leveraging and help them secure a viable financing option.

Deputy CEO of ERA, Doris Ong, says, “Owning a freehold property in Singapore’s central region isn’t just a smart investment – it’s a strategic business asset. Positioned in one of the city’s most dynamic and prestigious locations, it offers an impressive corporate address, unmatched connectivity, and enduring potential for growth.”

CT Pemimpin is a stone’s throw away or five minutes’ walk from Marymount MRT station (Circle MRT Line), and it is also accessible via Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line), which is just a five-minute drive away. It is also easily accessible for motorists via major expressways such as PIE and CTE. In addition, it is an eight-minute drive from Novena and a 15-minute drive from Orchard Road.

The upcoming North-South Corridor expressway, with dedicated bus and cycling lanes, will further reduce travelling time from the north into the city when it is completed in phases from 2027.

CT Pemimpin is also conveniently located near popular suburban shopping hubs such as Junction 8, Thomson Plaza, Velocity@Novena Square, AMK Hub, NEX, Woodleigh Mall, and Toa Payoh HDB Hub, which are all just a short drive away. It is also close to various reputable schools, such as Raffles Institution, Catholic High School, and Eunoia Junior College.

CT Pemimpin will be designed with thoughtful ‘end-of-trip’ facilities, such as a shower room, bicycle racks, and storage lockers, as well as other green features to encourage sustainability. These include a sky garden with two rooftop pavilions for outdoor gatherings, rooftop solar panels, EV charging stations, water-saving fittings, motion-sensor lighting, and double-glazed windows (selected units). The building will also have a recycling corner.

Huttons Asia CEO, Mark Yip, says, “With its sustainable features, CT Pemimpin aims to shape a greener and committed future. It has superb specifications to suit many end-users in industries ranging from e-commerce, media houses, telecommunications, software development, and others.”

Established in 1999, Chiu Teng Group has a reputation for being a reliable property developer and builder, with a portfolio that includes popular industrial and residential projects such as CT FoodNEX, CT Foodchain, The Creek@Bukit, Tagore8, CT Hub & Hub 2.

The preview for CT Pemimpin ends on March 5, 2025. Interested parties can call 8100 8017 or visit Chiu Teng Group to arrange a viewing and secure a rare freehold industrial space today!…

When contemplating an investment in a condominium, it is crucial to analyze the potential rental yield as well. This refers to the annual income that can be generated from renting out the property, expressed as a percentage of its purchase price. In Singapore, the rental yields for condos can vary significantly 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. To gain a better understanding of the rental potential of a specific condominium, it is advisable to conduct thorough market research and seek advice from real estate agents. With the addition of New Condo Launches, which can also provide valuable insights, investors can make more informed decisions about their condo investments.

Investing in a Singapore condo offers numerous benefits, and one of them is the ability to use its value to invest in other opportunities. This allows investors to grow their real estate portfolio by using their condos as collateral for financing additional investments. However, like any investment strategy, there are risks involved that need to be carefully considered. It is crucial to have a solid financial plan in place and to thoroughly assess the potential impact of market fluctuations before implementing this approach. With a well-planned strategy and the right guidance from experts at Singapore Condo, this leveraging technique can potentially yield higher returns.

ERA to Feature Adjacent Retail Units at Next AuctionThe upcoming auction hosted by ERA on Feb 27 will highlight a pair of retail units on the third floor of Sim Lim Square with a combined guide price of $3.38 million.The two units, located next to each other, offer a total of 1,528 sq ft. The larger unit measures 958 sq ft and is priced at $2.08 million ($2,171 psf), while the smaller unit is 570 sq ft and has a guide price of $1.28 million ($2,246 psf).This is the first time that both units will be featured in ERA’s auction listings as they are being sold by the owner. They can be purchased separately or together. According to Alison Lee, the assistant vice president of auction and sales at ERA, the units are competitively priced to facilitate a quick sale. “They are priced below the market average to entice potential buyers,” she explains.Recent data from EdgeProp Singapore has shown that the average transacted price for retail units at Sim Lim Square in the past 12 months is $2,997 psf. In December 2024, a 592 sq ft shop on the ground floor was sold for $1.92 million ($3,241 psf), which is the most recent transaction at the development.Sim Lim Square has established itself as a popular tech hub, known for its wide range of electronics, gadgets, and computer parts (Photo: ERA)Lee also highlights that Sim Lim Square is well-known as a tech hub, thanks to its cluster of retailers offering electronics, gadgets, and computer parts. The development also houses various other businesses, including F&B outlets and traditional Chinese medicine shops.Both units up for auction are currently tenanted and generate a monthly rental income of $4.50 psf. According to EdgeProp Singapore’s rental data, retail units at Sim Lim Square can fetch between $4.20 psf and $7.30 psf per month.A collective sale was proposed by the owners of Sim Lim Square in April 2019, with a tender launched at a reserve price of $1.25 billion. The development was relaunched for sale in December 2019 at the same price but remained unsold. Lee shares that a new collective sale committee will be formed to explore the possibility of a future sale attempt.Sim Lim Square, completed in 1987, is a strata-titled commercial development situated on Rochor Canal Road in District 7. It sits on a 78,152 sq ft site with a 99-year leasehold from 1983. The complex comprises 492 retail and office units spread across six floors and two basement levels. It is within walking distance of Rochor and Jalan Besar MRT Stations on the Downtown Line, and the Bugis MRT Interchange connects the East-West and Downtown Lines.…

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Mr Chong, a retiree, provided financial support for his three sons when they were buying their homes. His eldest son purchased a private condominium, while his two younger sons opted for executive condominiums (ECs). In Chong’s opinion, it’s a no-brainer to buy an EC at a new launch. Even if you purchase shortly after the five-year minimum occupation period (MOP), it’s still a great entry price.

Chong has experienced both scenarios. His second son bought a three-bedroom unit at Hundred Palms Residences, a 531-unit development by Hoi Hup Realty which was launched in July 2017. “He initially wanted a four-bedroom unit, but those were quickly snapped up,” Chong shares.

The project received 2,000 e-applications and was completely sold out on the first day of launch at an average price of $841 per square foot (psf). The EC, located on Yio Chu Kang Road, was completed in 2019. Based on caveats lodged in January and February 2025, the average selling price for units was $1,769 psf, resulting in a 110% price increase in just eight years.

Explore comprehensive data on all ECs, including the average profits after 5 and 10 years.

Based on a recent transaction in February, a 1,055 sq ft, three-bedroom unit at Hundred Palms Residences was sold for $1.95 million ($1,849 psf). Chong estimates that his second son’s unit has appreciated by around $1 million since its purchase during the launch. These significant capital gains may have inspired many to upgrade to private housing, notes Chong.

Over three years ago, when Chong’s youngest son wanted to move out, Chong sold their family home of a decade – a 1,260 sq ft, three-bedroom unit at The Interlace. In 2021, the Chongs purchased a 1,399 sq ft, four-bedroom, dual-key resale unit at Twin Fountains, a 418-unit EC in Woodlands. Developed by a joint venture between Frasers Property and Lum Chang, this EC was launched in 2013 and completed in 2016.

ECs are only available to Singapore citizens and permanent residents (PRs) at launch, and after the five-year MOP, foreigners can only purchase them in the resale market after the 10th year of obtaining Temporary Occupation Permit (TOP). The dual-key unit at Twin Fountains provides Chong with some privacy as he occupies the one-bedroom studio while his son and family live in the three-bedroom apartment. This type of unit has a shared main entrance, but each apartment has its own separate entrance.

Despite paying $1,000 psf for the unit in 2021 – which was considered a new high at the time – Chong notes that resale prices have risen even higher. Currently, according to a recent caveat lodged, the latest transaction for a 1,206 sq ft, four-bedroom unit was $1.62 million ($1,344 psf). “Even though we missed the opportunity, like my youngest son, and bought at $1,000 psf, resale prices at Twin Fountains have increased by 30%,” Chong adds.

In October last year, City Developments launched the 348-unit private condominium, Norwood Grand, at Champions Way in Woodlands. During its launch weekend, approximately 84% of the units were sold at an average price of $2,067 psf, setting a new benchmark for Woodlands.

Chong points to Norwood Grand’s average selling price, which is 53.8% higher than the latest resale price at Twin Fountains. He believes that the announcement of revitalization and new infrastructure, including the Johor Bahru-Singapore Rapid Transit System (RTS), with the Singapore terminus located in Woodlands North, has sparked renewed interest in the northern region.

However, EC buyers will now have to pay a more significant down payment due to rising prices and loan quantum limits, notes ERA Singapore’s Eugene Lim. The monthly household income ceiling for ECs is $16,000, and buyers must meet the Mortgage Servicing Ratio (MSR) of 30% and the Total Debt Servicing Ratio (TDSR) of 55% when taking out a loan. Assuming a 30-year-old EC buyer with a household income of $16,000 and a maximum loan tenure of 30 years. Lim estimates that, based on the stress test of a 4% interest rate for MSR, the maximum loan amount the buyer can take out is approximately $1 million.

Despite the higher upfront costs, buyers are not discouraged by the rising EC prices as they still see value in them compared to 99-year leasehold private condos in the Outside Central Region (OCR). Currently, there is a 42% median price gap between ECs and similar-sized homes in the OCR. For example, the median price of an EC unit sized at 900-1,000 sq ft is approximately $1.48 million, while a similar-sized unit in a private condo costs around $2.1 million. “Thus, when it comes to price, buyers, especially HDB upgraders, believe that ECs are still a good deal,” Lim explains.

In 2024, the average transaction price for new non-landed private condos in the suburbs or OCR exceeded $2,200 psf. At the same time, new ECs sold for a median price of $1,539 psf, based on lodged caveats, according to PropNex’s Ismail Gafoor. This resulted in a price gap of 44.2%. Gafoor expects the median price of new condos to exceed $2,200 psf again this year.

Christine Sun, OrangeTee Group’s chief research and strategist, has found that the median price gap between new ECs and new private condos in the OCR has decreased in recent years. Based on data from URA Realis, the gap has narrowed from 49.4% in 2023 to 44.2% in 2024 and 43.6% in January 2025. Sun attributes this narrowing gap to the 9.6% faster growth in EC prices from 2023 to January 2025 compared to a 5.3% increase in non-landed home prices in the OCR over the same period.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art facilities. Condominiums, strategically situated in desirable locations, offer a fusion of opulence and practicality that appeals to both locals and foreigners. These residential complexes are equipped with a plethora of amenities, including swimming pools, fitness centers, and round-the-clock security services, all of which enhance the overall living experience and make them all the more enticing to potential tenants and purchasers. From an investor’s standpoint, these sought-after features result in higher rental returns and appreciating property values over time. In fact, investing in a Singapore condo can yield lucrative returns and solidify your financial portfolio.

Securing financing for a Singapore Condo is a crucial element in the investment process. While the country offers various mortgage choices, it’s important to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework sets a maximum limit on the loan amount a borrower can take based on their income and current debt commitments. It’s essential for investors to fully understand the TDSR and seek guidance from financial advisors or mortgage brokers to make informed decisions about their financing options. This will also help prevent over-leveraging and ensure the success of the investment in a Singapore Condo.

The demand for ECs is therefore sustainable due to their affordability and lower price psf compared to 99-year leasehold private condos in the same area, says ERA’s Lim. Moreover, unlike with new private condos, EC buyers do not need to sell their existing homes before making their purchase and do not incur additional buyer’s stamp duty (ABSD). Additionally, HDB upgraders do not need to pay ABSD when buying a new EC.

Lim also points out that buyers can opt for the Deferred Payment Scheme (DPS) at a slightly higher purchase price. Under this scheme, buyers only need to pay a deposit, and their loan is deferred until after the completion of the EC. This way, buyers do not have to service two mortgages while waiting for their new home to be ready.…

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Acquiring proper financing is a crucial factor to consider when investing in a condo. Singapore presents various mortgage choices, but it is vital to have knowledge about the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take, taking into account their income and current debt commitments. Being familiar with the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making well-informed decisions regarding their financing options and avoiding excessive borrowing. With the help of condo, investors can navigate the financing process with confidence.

Investing in condos in Singapore involves considering several factors, one of which is the government’s property cooling measures. These measures have been implemented over the years to prevent speculative buying and maintain a stable real estate market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. It is important to note that while these measures may affect the short-term profitability of condo investments, they also promote the long-term stability of the market, making it a secure environment for investment. Furthermore, with the introduction of new condo launches, investors can explore even more opportunities in the Singaporean property market.

The branded residential market in Asia is experiencing unprecedented growth, with a market value of US$26.6 billion ($35.5 billion) and over 68,000 luxury units available, according to data from C9 Hotelworks, a leading hospitality consultancy in Asia.

Leading the market is Vietnam, with 17,680 branded residential units across 59 properties. The average price of a unit in Vietnam is around US$350 per square foot (psf). Thailand comes in second with 16,271 units in 65 properties, with most units priced at US$510 psf. The Philippines follows closely with 13,276 units in 46 properties, priced at approximately US$400 psf.

However, Singapore commands the highest prices in the region for branded residences, with units selling for an average of US$2,140 psf, followed by Japan with an average of US$1,935 psf.

New markets have also seen a significant increase in branded residential projects, such as South Korea with 3,026 units across 16 properties and Malaysia with 6,014 units across 24 projects, according to Bill Barnett, managing director of C9 Hotelworks.

In the post-Covid-19 era, urban areas account for 56% of the total branded residential supply in Asia, with luxury projects dominating the market in terms of value. For example, urban branded residences in South Korea have an average price of US$2,670 psf, while resort properties sell for an average of US$1,040 psf. In Thailand, urban branded residences sell for approximately US$770 psf, compared to US$430 psf for resorts.

Among the branded residential market in Asia, about 31% (12,330 units) are affiliated with luxury hotel brands, which translate to a 30%-35% premium in pricing compared to the market average, according to Barnett.

The demand for top hospitality brands and luxury lifestyle brands has led to an increase in licensing fees. It is now common for brands to ask for a 6%-10% cut in the sale of each branded residential unit.

One such project is the ultra-luxury Porsche Design Tower Bangkok in Thonglor, a joint venture between Thai developer Ananda Development and German automaker Porsche. The 22-unit tower, set to be completed in 2028, offers duplexes and quadplexes with prices ranging from US$15 million to US$40 million.

Gianfranco Bianchi, general manager of Asia Pacific at The One Atelier, a design consultancy firm specializing in branded residences for lifestyle brands, notes that there has been an increase in luxury lifestyle brands partnering with real estate developers in the Asia Pacific region.

The One Atelier has worked with renowned brands such as Fendi Casa, Dolce & Gabbana, and Karl Lagerfeld to create branded residences in various locations, including Miami, Istanbul, and Marbella.

While hospitality-affiliated branded residences offer top-notch services, fashion and design-branded residences provide a unique trophy home that reflects the brand’s luxury and aesthetic. This has led to an increase in demand from high-net-worth buyers, especially from Singapore.

Ananth Ramchandran, head of advisory and strategic transactions in hotels and hospitality in Asia at CBRE, mentions that cooling measures in Singapore have led buyers to look for luxury-branded residences in nearby regional markets. Destinations such as Phuket, Bangkok, Bali, and emerging markets in Vietnam are just a two-hour flight away, making it appealing for Singapore-based buyers.

Jason Thelen, senior director of sales and marketing at Sudara Residences, a Thai-based developer, states that Singapore has become their top market for second-home buyers, accounting for 45% of regional purchases.

The Ascott, a leading hospitality operator, is also expanding its market share in the branded residential segment in Asia. Saowarin Chanprakaisi, vice-president of business development at The Ascott, says that their brands, such as Ascott, The Crest Collection, and Oakwood Premier, have a strong reputation in the market. They are looking to partner with developers who want to enter the branded residential market and build trust in their brand’s ability to deliver exceptional service and long-term value.…