Freedo Condo

The process of investing in a condominium in Singapore requires careful consideration and obtaining financing is a critical aspect of it. With a variety of mortgage options available, it is imperative to have a thorough understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework limits the amount of loan an individual can obtain based on their income and current debt obligations. To make informed decisions about financing, it is advisable for investors to seek guidance from financial advisors or mortgage brokers who can provide valuable insights into navigating the TDSR. This step is crucial in avoiding over-leveraging and optimizing the potential of investments in Singapore Projects.

When it comes to investing in Singapore’s real estate market, it’s essential for foreign investors to be aware of the regulations and limitations surrounding property ownership. While there are fewer restrictions for purchasing condos compared to landed properties, foreigners must still adhere to the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their first property acquisition. However, despite this added expense, the steady growth and potential of Singapore’s property market continue to lure foreign investors. Keep an eye out for new condo launches, as they may offer promising investment opportunities.

The Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have recently announced the signing of the first-ever Johor-Singapore Special Economic Zone (JS-SEZ) MOU between private companies from the two countries. This collaboration aims to jointly develop UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor, in order to accelerate growth within the JS-SEZ.

The MOU signing ceremony took place on February 27, alongside the opening of UEM Sunrise Gallery Iskandar Puteri, which showcases the developer’s vision for Iskandar Puteri. As part of the JS-SEZ’s Flagship Zone B, Iskandar Puteri specializes in various sectors, including manufacturing, business services, education, health, and tourism.

For those looking to invest in overseas properties, there are various projects available for sale around the world. This MOU is expected to cover UEM Sunrise’s selected plots of land in Gerband Nusajaya and Puteri Harbour, two key master-planned areas within Iskandar Puteri. The collaboration aims to activate Iskandar Puteri’s potential and enhance its attractiveness for investment, focusing on improving connectivity, fostering talent development, and creating a business-friendly ecosystem to drive sustainable economic benefits in Johor.

According to Hafizuddin Sulaiman, CFO of UEM Sunrise, “This partnership is not just about development, but also about shaping a thriving end-to-end, future-ready economic hub that fuels long-term growth, creates jobs, and strengthens the JS-SEZ ecosystem.” The sites are strategically located near Singapore, Senai Airport, and the Port of Tanjung Pelepas, and this partnership aims to drive long-term economic growth and position Iskandar Puteri as a robust business and investment hub.

Datuk Hisham Hamdan, chairman of UEM Sunrise, mentioned in his speech that the JS-SEZ, developments in Iskandar Puteri, and strategic partnerships are all part of a larger vision to position Johor as a dynamic and forward-thinking economy. The Singapore-listed property group GuocoLand’s CEO Cheng Hsing Yao added, “Together, our combined expertise will enable us to shape Iskandar Puteri and the wider JS-SEZ through innovative developments.”

Prior to this collaboration, UEM Sunrise has played a vital role in Iskandar Puteri’s urban development, including the development of residential townships such as the Aspira series and Senadi Hill, as well as commercial and retail hubs. The group is also working on an upcoming 380-acre industrial park in Gerband Nusajaya.

The growth in Iskandar Puteri is expected to be driven by incentives and support schemes introduced by the governments of Malaysia and Singapore, which aim to attract investment for the JS-SEZ. These measures include special tax rates, stamp duty exemptions, and capital allowances.…

Investing in a condo in Singapore offers numerous benefits, with one of the most attractive being the potential for capital appreciation. This is largely due to the country’s advantageous location as a global business hub and its strong economic foundations, which constantly drive demand for real estate. In fact, over the years, property prices in Singapore have consistently risen, particularly for condos in prime locations. Savvy investors who enter the market at the opportune moment and hold onto their properties for an extended period can reap significant capital gains. Therefore, adding a condo to your portfolio in Singapore could be a smart move for long-term financial growth.

Understanding the rules and regulations surrounding property ownership in Singapore is crucial for foreign investors. In general, purchasing condos is less restricted for foreigners compared to landed properties, which have more stringent ownership requirements. However, foreign buyers are still subject to the Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property purchase. Despite these extra expenses, the reliable stability and promising growth of the Singapore real estate market remain a magnet for foreign investment. This makes Singapore Projects a highly sought-after option for foreign investors.

Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have recently signed a landmark MOU between private companies from Malaysia and Singapore. The MOU, signed on Feb 27, is the first of its kind between the two countries and will see the two groups jointly develop UEM Sunrise’s freehold landbank in Iskandar Puteri, Johor. This partnership is expected to speed up the growth within the Johor-Singapore Special Economic Zone (JS-SEZ).

The MOU signing took place during the opening of the UEM Sunrise Gallery in Iskandar Puteri, which showcases the developer’s vision for the area. Iskandar Puteri, which is part of Flagship Zone B of the JS-SEZ, specializes in various sectors including manufacturing, business services, education, health, and tourism. With this collaboration, both companies aim to activate Iskandar Puteri’s potential and make it more attractive for investments.

The MOU covers UEM Sunrise’s plots of land in Gerband Nusajaya and Puteri Harbour, two key master-planned areas within Iskandar Puteri. The collaboration will focus on improving connectivity, fostering talent development, and creating a business-friendly ecosystem to ensure sustainable economic benefits for Johor.

According to Hafizuddin Sulaiman, CFO of UEM Sunrise, this partnership is not just about development but also about shaping a thriving economic hub that fuels long-term growth, creates jobs, and strengthens the JS-SEZ ecosystem. The chosen sites are strategically located near Singapore, Senai Airport, and the Port of Tanjung Pelepas, making this collaboration a key driver of long-term economic growth for the region.

Datuk Hisham Hamdan, chairman of UEM Sunrise, further adds that the JS-SEZ, developments in Iskandar Puteri, and strategic partnerships are all part of a larger vision to position Johor as a dynamic and forward-thinking economy. With its vast experience in real estate development and asset management, as well as understanding the needs of companies from Singapore, Malaysia, and China, GuocoLand is confident that this collaboration will pave the way for innovative developments in Iskandar Puteri and the wider JS-SEZ.

Prior to this partnership, UEM Sunrise has been a key player in the urban development of Iskandar Puteri. The developer has already established residential townships such as the Aspira series and Senadi Hill, and commercial and retail hubs in the area. In the pipeline is a 380-acre industrial park in Gerband Nusajaya.

The growth and success of Iskandar Puteri are expected to be driven by incentives and support schemes introduced by the governments of Malaysia and Singapore to attract more investments for the JS-SEZ. With special tax rates, stamp duty exemptions, and capital allowances, these measures are expected to enhance the attractiveness and competitiveness of the area.…

Sunway Development Group and Frasers Centrepoint Singapore are discovered to be the only consortium to place bids for the Jurong Lake District master developer site, reports in Business Times reveal.Frasers Property has formed a joint venture with two Chinese real estate groups to acquire a residential site in Songjiang District in Shanghai, China. The joint venture, which includes Xiamen ITG Real Estate Group and Shanghai-listed Gemdale Corporation, acquired the site for RMB815.2 million ($151.9 million) in a competitive tender from the Shanghai Municipal Bureau of Planning and Natural Resources.The site, which is located in a prime residential neighborhood, will be developed into a mix of 189 low-rise apartments, townhouses, and duplex units. It is expected to target both upgraders and first-time homebuyers, and will span a total gross floor area of 334,714 sq ft.The project will also incorporate design for flood mitigation and energy efficiency, with ultra-low energy building designs that include efficient thermal insulation, energy-saving door and window systems, reduced thermal bridging, and solar photovoltaics. This commitment to sustainable development aligns with Frasers Property’s focus on delivering high-quality residential developments that meet the evolving needs of the Chinese community.Lim Hua Tiong, CEO of emerging markets in Asia at Frasers Property, expressed excitement about the joint venture and its potential to strengthen the company’s presence in Shanghai. He also emphasized the team’s dedication to providing top-notch residential options for the Chinese market. “This joint venture not only strengthens our presence in Shanghai,” said Lim, “but also underscores our commitment to delivering high-quality residential developments that meet the evolving needs of the Chinese community.”This partnership is just the latest in a series of successful collaborations for Frasers Property. In February, the company reported a joint venture with Singapore energy company SP Group to install close to 4,500 sqm of solar panels across retail and commercial properties. And in 2019, Frasers Property joined forces with Sunway Development Group and Frasers Centrepoint Singapore to bid for the Jurong Lake District master developer site, a project in which the consortium was ultimately the sole bidder. As Frasers Property continues to make strides in the Chinese market and beyond, its commitment to excellence and innovative sustainable development practices remains a priority.

Overall, there are many advantages to investing in a condo in Singapore. One of the major benefits is the high demand for this type of property in the city. With its growing economy and attractive lifestyle, Singapore is a highly desirable place to live and own property. As a result, there is a constant demand for condos, ensuring that your investment will remain in demand for years to come. Additionally, condos in Singapore have the potential for significant capital appreciation over time. This means that your initial investment has the potential to increase in value, providing a profitable return in the long run.

Another advantage of investing in a condo in Singapore is the attractive rental yields. With a steady stream of expats and a large population of young professionals, there is a high demand for rental properties in Singapore. This translates to potentially high rental income for condo investors.

However, it is crucial to carefully consider several factors before making an investment. Location is a critical factor that can greatly impact the success of your investment. A prime location, such as in the central business district or near public transportation, will likely command a higher rental yield and better capital appreciation.

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The demand for condominiums in Singapore remains remarkably high due to the country’s limited land availability. Being a small island nation with a fast-growing population, Singapore has been facing a constant shortage of land for development. As a result, the government has implemented strict land use policies and the real estate market has become increasingly competitive. This has also led to a consistent rise in property prices, making real estate investments, particularly in condos, a profitable opportunity with the potential for significant capital appreciation. The ongoing Singapore Projects only add to the attractiveness of this investment option for both locals and foreigners alike.

Financing is also an important consideration, as purchasing a condo in Singapore can be a significant investment. It is advisable to seek professional advice and carefully consider your financial situation before committing to a purchase.

Government regulations in Singapore are constantly evolving and can have a significant impact on the real estate market. It is essential to stay updated on any changes in policies or taxes that may affect your investment.

Lastly, market conditions should be carefully evaluated before investing in a condo in Singapore. Conducting thorough research and seeking guidance from experts can help you make an informed decision and maximize your returns.

Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, the condos in Singapore present a compelling opportunity. With the city’s strong economy and high demand for real estate, investing in a condo can be a wise and lucrative decision. Keep an eye out for New Condo Launches to stay updated on the latest opportunities to invest in Singapore’s dynamic real estate market. By carefully considering all factors and seeking professional advice, you can make the most of your investment and enjoy the benefits of owning a condo in this thriving city.…

2021-03-04

The corporate governance issues at City Developments (CDL) have been resolved, as stated by the executive chairman of CDL, Kwek Leng Beng. At a court hearing on Feb 26, the two new directors who were hastily appointed on Feb 7 have agreed not to exercise any powers as directors until further notice. These directors are Jennifer Duong Young and Wong Su Yen, who were appointed as independent non-executive directors through written resolutions by the directors.

Kwek also mentions that his son, Sherman Kwek, Philip Lee, Wong Ai Ai, and the other directors who acted with them, have agreed not to take further action towards their attempts to change the board committees and management of certain subsidiaries of CDL, until the court gives further notice. The nominating and remuneration committee, which was not properly constituted, has also been suspended from taking any further action.

Investing in a condo in Singapore has many advantages, one of which is the potential for capital appreciation. This Southeast Asian country is a prime global business hub, with a robust economy that creates continuous demand for real estate. As a result, property prices in Singapore have consistently trended upwards over the years, particularly for condos in prime locations. Savvy investors who enter the market at the right time and maintain their properties for the long haul can reap significant profits through capital gains. Condos in Singapore are a wise investment choice for those looking to build wealth and financial stability in the long run.

When investing in a condo, securing financing is a crucial aspect to consider. Singapore provides a variety of mortgage choices, but it is vital to understand the Total Debt Servicing Ratio (TDSR) framework. This framework limits the amount of loan that a borrower can acquire, taking into account their income and existing debt obligations. To make informed financing decisions and avoid over-leveraging, it is essential for investors to have a thorough understanding of the TDSR and work closely with financial advisors or mortgage brokers.

With this, the board committees and management of the relevant subsidiaries are now safe from any further attempts to destabilize, dismantle, and reconstitute them, according to Kwek. He also emphasizes the importance of strong corporate governance in a business, as it ensures transparency, accountability, and responsible decision-making, which are crucial for maintaining investor confidence and protecting the long-term interests of shareholders.

On the morning of Feb 26, CDL surprised the markets by calling for a trading halt and canceling its FY2020 results briefing at the last minute. In a statement released at 1.51pm, CDL stated that the trading halt was due to a disagreement within the board regarding the composition and constitution of the board and board committees.

Despite the temporary suspension, the business operations of CDL remain unaffected, and Sherman Kwek remains the group CEO until there is a board resolution to change company leadership. In his first press statement, Kwek stated that his son, Lee, Wong, and a group of directors were trying to consolidate control of the board and the group. He also mentioned that he had filed court papers on Feb 25 to address the attempted coup, and that they will continue to explore all legal options to defend and protect the interests of CDL and its shareholders.

Shares of CDL last traded at $5.12 before the trading halt on Feb 26.…

“With these appointments, we are strengthening our occupier services capabilities across the region, in line with our growth strategy,” says Tony Arnel, Colliers’ CEO for Asia Pacific. “Leanne’s extensive experience advising corporate clients on their real estate portfolios will be invaluable to our growing tenant representation business. And with his deep understanding of global occupiers’ needs, Ali will be instrumental in helping our enterprise clients achieve their real estate objectives in Hong Kong.”Chin brings over 14 years of experience in advising multinational corporations on their real estate strategies. She previously worked with JLL and Knight Frank, where she held senior roles in tenant representation and corporate solutions in Singapore and Australia.Porter brings over 10 years of experience in advising global occupiers on their real estate strategies, with a focus on workplace transformation and portfolio optimization. Prior to joining Colliers, he held various roles at CBRE and Knight Frank in the UK and Hong Kong.
Colliers is expanding its team of occupier services professionals across Asia Pacific with the recent addition of two new members, according to a press release on February 25. Leanne Chin has been appointed as the new Director of Regional Tenant Representation for Asia Pacific and will be based in the company’s Singapore office. In addition, Ali Porter has been named Director of Enterprise Clients for Hong Kong, relocating from London where he worked with Colliers’ Europe, Middle East, and Africa business for the past four years.

In her new role, Chin will be responsible for leading Colliers’ tenant representation business for the region. With over 14 years of experience advising multinational corporations on their real estate portfolios, she brings a wealth of knowledge and expertise to the team. She has previously held senior roles at JLL and Knight Frank in Singapore and Australia.

Investing in real estate is a strategic move, and one of the key factors to consider is location. This holds particularly true in Singapore, where the location of a condo can greatly affect its value. In fact, condos situated in central areas or in close proximity to essential amenities, such as schools, shopping malls, and public transportation hubs, tend to appreciate more in value. Some of the prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values. Furthermore, being near reputable schools and educational institutions make these condos highly sought-after by families, making them even more valuable investments. Keeping this in mind, it is essential to carefully consider location when looking for a property to invest in. For information on new condo launches, visit New Condo Launches.

Investing in a Singapore Condo has become a favored option among both local and foreign investors as a result of the country’s strong economy, political stability, and excellent quality of life. In Singapore’s real estate market, there is a multitude of opportunities, with condos emerging as a top choice due to their convenience, amenities, and potential for significant returns. This piece will delve into the advantages, considerations, and necessary steps for those looking to invest in a condo in Singapore.

Similarly, Porter brings over 10 years of experience in advising global occupiers on their real estate strategies. In his new role, he will work closely with occupiers to align their real estate portfolios with their corporate objectives in Hong Kong. Prior to joining Colliers, Porter held various roles at CBRE and Knight Frank in both the UK and Hong Kong, focusing on workplace transformation and portfolio optimization.

Colliers’ CEO for Asia Pacific, Tony Arnel, expressed excitement over the company’s expanded occupier services capabilities, saying, “With these appointments, we are strengthening our occupier services capabilities across the region, in line with our growth strategy.” He added that Chin’s extensive experience in advising corporate clients and Porter’s deep understanding of global occupiers’ needs will be instrumental in helping Colliers’ enterprise clients achieve their real estate objectives in Asia Pacific.

This move is part of Colliers’ efforts to further develop their occupier services business in the region and provide the best possible solutions for their clients. With these new appointments, the company is well-positioned to continue its growth and success in the dynamic Asia Pacific real estate market.…

JLL, the sole marketing agent for Ching Shine Industrial Building, has announced that the property is up for collective sale by tender, with a minimum price of $113 million. The freehold building, located on Shaw Road, consists of 52 strata units and boasts a 100m frontage. It sits on a site with a total land area of 49,308 sq ft and a gross floor area of approximately 137,341 sq ft.

When it comes to investing in real estate, location is always a key consideration, and this is especially true in Singapore. Condos that are located in central areas or in close proximity to important amenities like schools, shopping malls, and public transportation hubs tend to have higher appreciation in value. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently seen growth in property values. This is why condos in these areas, including Singapore Condo, are highly sought after by investors. In addition, these areas also boast of excellent schools and educational institutions, making them even more appealing to families, thus adding to their investment potential.

The building, which was built in the early 1980s, is zoned “Business 1” with a gross plot ratio of 2.5 under the URA Master Plan 2019. According to the agency, more than 80% of the owners have given their consent for the collective sale at the minimum price of $113 million. With a unit land rate of around $823 psf per plot ratio at the existing gross plot ratio of 2.79, the price is deemed reasonable.

In addition, JLL has revealed that with URA’s approval, the site could potentially be converted into a food factory. This is because the National Environment Agency (NEA) has confirmed that the site meets the buffer requirements for redevelopment into a multi-user factory, while the Singapore Food Agency has given an in-principle non-objection to the proposed food factory.

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In Singapore, it is crucial for international investors to familiarize themselves with the regulations and limitations surrounding property ownership. Unlike landed properties, condos can be freely purchased by foreigners with minimal restrictions. However, it is important to note that foreign buyers are required to pay an Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property purchase. Despite this additional expense, the stability and potential for growth in the Singapore real estate market remains a strong draw for foreign investment. Keep an eye out for new condo launches at FreedomAtHomeTeam.com.

Alternatively, the freehold asset can also be seen as an attractive investment opportunity for family offices seeking long-term growth, as well as owner-occupiers looking to establish a corporate presence. According to JLL, the property is also likely to appeal to developers, given the absence of additional buyer’s stamp duty, which can impact project timelines.

Ching Shine Industrial Building is conveniently accessible via major expressways such as the PIE, CTE and KPE. It is also within walking distance from Tai Seng MRT Station on the Circle Line. The property is located in the Tai Seng Industrial estate, near food factories such as Breadtalk IHQ, Sakae Building, and Food Empire Building, as well as amenities like Grantral Mall @ Macpherson and 18 Tai Seng.

Recently, Noel Building, a freehold Business 1 industrial building at 50 Playfair Road, was sold en bloc for $81.18 million in November 2023, which was 17% above its $70 million guide price. JLL’s senior director of capital markets, Nicholas Ng, believes that this transaction highlights the strong demand for such assets in the area and expects a similarly competitive response for Ching Shine Industrial Building.

The tender for Ching Shine Industrial Building will close on April 3 at 3pm.…

City Developments Limited (CDL) has released a statement explaining the trading halt earlier this morning. According to the statement, the halt was due to a disagreement within the board regarding the composition and constitution of the board and its committees. Despite the suspension, CDL reassures that its business operations remain fully functional and unaffected.

Sherman Kwek will continue to serve as group CEO until a board resolution is made to change company leadership. The company will make further announcements in accordance with Singapore Exchange (SGX) listing rules as the matter is currently under review.

Investing in a Condo in Singapore offers a multitude of benefits, making it a wise investment choice. The city-state’s thriving economy and stable political climate contribute to a high demand for condos, making it a profitable venture for investors. Additionally, the potential for capital appreciation and attractive rental yields adds further appeal to the investment.

Of course, before diving into the world of condominium investment in Singapore, it’s crucial to consider various factors. Location plays a significant role in determining the success of the investment, as well as financing options, government regulations, and market conditions. Conducting thorough research and seeking professional advice can help investors make informed decisions and maximize their returns in Singapore’s dynamic real estate market.

Whether you’re a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, condos in Singapore offer a compelling opportunity. With careful consideration and the right approach, investors can tap into the city-state’s thriving real estate market and reap the rewards in the long run. So, if you’re looking to make a smart and lucrative investment in Singapore, considering a condo could be an excellent choice.

In a later statement, Sherman Kwek expressed disappointment in the chairman and a minority of the CDL board for their extreme actions regarding the disagreement. He clarified that the focus of the CEO and majority of the board has always been to improve governance, with guidance and support from the company and independent legal counsel.

The trading suspension earlier today was a result of this issue being brought before the courts, despite not being authorized by the majority of the board. Sherman Kwek emphasized that the matter is not about removing the chairman, but rather about strengthening the board and ensuring the highest standards of governance for CDL.

Understanding the regulations and limitations of property ownership in Singapore is crucial for foreign investors. When it comes to condos, foreign buyers generally face fewer restrictions compared to landed properties with stricter ownership regulations. However, foreign investors need to be aware of the Additional Buyer’s Stamp Duty (ABSD) of 20% imposed on their first property purchase. Despite this additional cost, the stable and promising growth of the Singapore real estate market remains a strong draw for foreign investment. This can be seen in the continued interest of foreign buyers in Singapore Projects.

CDL announced its FY2020 results on Feb 26, but cancelled its 10am results briefing. The company also offered to privatize Millennium & Copthorne Hotels New Zealand for $1.72 per share. Shares in CDL last traded at $5.12.…

In recent times, the demand for condominiums in Singapore has been on the rise, primarily due to the limited availability of land. As a small island country experiencing population growth, Singapore faces challenges in finding suitable land for development. As a result, the government has implemented strict land use regulations, and the real estate market has become extremely competitive, driving property prices to soaring heights. As a result, investing in real estate, particularly in the form of condos, has become a lucrative option with potential for significant appreciation in value. The continuous influx of new condo launches has further fueled the demand for condos in Singapore, making it a sought-after investment opportunity. New Condo Launches continue to attract a strong demand in the Singapore market.

PropNex, Singapore’s biggest real estate agency, announced a decrease of 14.9% y-o-y in its earnings for its second half of the 2024 financial year, which ended on Dec 31, 2024, bringing its full-year earnings to $40.9 million, a 14.4% decline from the preceding financial year, FY2023.

The company’s revenue also saw a dip of 6.6% in FY2024 compared to FY2023, mainly due to the relatively subdued property market. However, in celebration of its 25th anniversary, PropNex plans to pay a special dividend of 2.5 cents per share, in addition to a final dividend of 3 cents, bringing its total dividend payout for FY2024 to a record high of 7.75 cents. This represents a payout ratio of 140.1% and a yield of 8.2%.

Investing in a condo in Singapore offers a plethora of advantages that make it a desirable option for prospective investors. Some of these benefits include high demand, potential for capital appreciation, and attractive rental yields. However, before diving into this market, it is crucial to thoroughly consider several factors such as location, financing options, government regulations, and market conditions. By conducting extensive research and seeking professional advice, investors can make well-informed decisions and maximize their returns in Singapore’s dynamic real estate industry. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, condos in Singapore present a compelling opportunity that cannot be ignored.

Despite the decrease in earnings for the year, Propnex observed an increase in activities in the last quarter of 2024, driven by a surge in new private home units that the company helped to sell.

To note, DBS has upgraded PropNex and APAC Realty to a “buy” rating, citing a strong pipeline of new launches in 2025. PropNex explains that the financial impact of these sales will only be reflected three to four months later, implying a substantial increase in its current 1HFY2025 numbers.

“Considering this, along with the positive outlook for the property market in 2025, the company is confident of delivering a strong performance in FY2025, barring any unforeseen events,” states PropNex.

This is supported by an estimated 13,000 new unit launches (including ECs), which is almost double the number of units launched in 2024. The private resale market is expected to remain active, with transaction volumes projected to range between 14,000 and 15,000 units.

Demand for private resale properties will be fueled by the persistent price differential between new and non-landed properties, a preference for larger, move-in-ready homes, and the impact of lower new supply completions, according to PropNex.

The company also predicts a 5% to 7% price increase in the HDB resale market, with transaction volumes reaching 29,000 to 30,000 units. “The HDB resale market will see continued growth as a result of the lower number of five-year minimum occupation period flats entering the market, coupled with sustained demand from urgent homebuyers, unsuccessful Build-To-Order applicants, and budget-conscious families,” says PropNex CEO, Ismail Gafoor.

Ismail notes that newly-launched projects like The Orie, Bagnall Haus, Parktown Residence, and ELTA have sparked strong interest in the market. He adds, “We anticipate a favorable demand for developers’ sales in 2025, with an exciting lineup of projects. Additionally, a positive economic outlook and lower mortgage rates could further enhance market confidence, creating opportunities for both homebuyers and investors.”…

A charming two-storey shophouse with an attic situated at 209 Jalan Besar is currently up for sale through private treaty. According to Gracelynn Zhu from PropNex Shophouse Elites, the property is priced at “under $20 million” for its 999-year leasehold tenure.

The shophouse boasts a spacious area of approximately 5,502 sq ft and is designated for commercial usage. The ground floor is approved for use as a restaurant, while a section of the second floor also holds the same permit. At a price of $20 million, the per square foot rate equates to $3,635 based on the floor space.

Assessing the potential rental yield is a crucial aspect to consider when investing in a condo. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields of condos can vary greatly depending on various factors such as location, property condition, and market demand. For instance, areas near business districts or educational institutions tend to have higher rental demand, resulting in better rental yields. To gain a better understanding of a specific condo’s rental potential, it is essential to conduct thorough market research and seek advice from real estate agents. Additionally, checking out new condo launches can also provide valuable insights into the rental prospects of a condo.

Zhu adds that the shophouse is currently undergoing asset enhancement initiatives (AEI) which includes the installation of micro piles extending up to 30 meters to reinforce the structural foundation of the building. The AEI is projected to be completed by the end of this year.

The property is situated in the Desker Road Conservation Area in District 8, in close proximity to Little India. The Jalan Besar MRT Station, on the Downtown Line, is easily accessible on foot.

Investing in a condo comes with its advantages, one of which is the opportunity to leverage the property’s value for future investments. A common tactic among investors is utilizing their condos as collateral to secure extra funding for new investments. This not only helps in diversifying their real estate portfolio but also has the potential to boost returns. However, it is important to note that this strategy carries risks and it is essential to have a solid financial plan in place. It’s also crucial to consider the potential impact of market fluctuations when using a condo as leverage for further investments. With a strong financial strategy in place, a Condo can serve as a valuable asset in an investor’s portfolio.

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A 14 million dollar shophouse on Geylang Road and a shop unit in Bras Basah Complex are also currently up for sale.

The Chinatown Business Association plans to revitalize Smith Street with a mix of modern and traditional lifestyle concepts.

In 2024, the shophouse market ended on a quiet note with 84 transactions recorded.…