Freedo Condo

CBRE survey predicts robust investment activity in Apac hotel sector by 2025

According to a recent CBRE survey, the Asia Pacific (Apac) hotel sector is expected to experience continued investment activity in the year 2025. The consultancy’s 2025 Asia Pacific Hotel Investor Intentions Survey revealed that over 72% of hotel investors surveyed in November and December of last year are planning to acquire more hotel assets in the coming year. Additionally, around 45% of respondents indicated their intention to increase their purchasing volume by over 10%.

Steve Carroll, Head of Hotels, Capital Markets, Asia Pacific at CBRE, stated that after performing well in the past 18 months, investors are anticipating optimistic pricing expectations for hotel and living assets in Apac in 2025. The survey found that the rebound in tourist arrivals, particularly in countries such as Japan, Singapore, and Australia, has played a crucial role in driving this growth. Carroll added that the increase in international arrivals from key markets has resulted in a rise in hotel room rates in Apac, leading to higher income growth for hotel operators.

Investing in a condominium in Singapore has become a highly sought-after option for both locals and foreigners, thanks to the country’s strong economy, stable political climate, and exceptional quality of life. With its bustling real estate market, Singapore presents a multitude of opportunities for investors, and condominiums are particularly attractive for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages of investing in a condo in Singapore, important considerations to keep in mind, and the necessary steps to take. Additionally, be sure to keep an eye out for exciting new condo launches that may further enhance your investment opportunities in the city-state.

The survey also found that investors are encouraged by the limited hotel supply in Apac. According to data from hospitality data intelligence group STR, the hotel supply pipeline in Apac is expected to grow at a Compound Annual Growth Rate (CAGR) of 2.2% between 2024 and 2028, which is significantly lower than the 5% CAGR observed between 2013 and 2023.

The breakdown of investment intentions by investor type indicated that Real Estate Investment Trusts (REITs) had the highest net buying intentions at 22%. This is in stark contrast to the -13% recorded in last year’s survey. The report stated that after several years of net negative investment intentions, REITs are now looking to buy more assets in the coming year. Institutional investors registered the second-highest net buying intentions at 12%, followed closely by property funds at 10%. CBRE noted that private equity and real estate funds for hotels showed increased activity in 2024 and this momentum is expected to continue in 2025.

However, the survey also revealed that private investors and high-net-worth individuals are likely to drive fewer hotel acquisitions this year. The report stated that after being the most active buyer type in the region for the last two years, private investors are now looking to capitalize on improving market sentiment after acquiring assets during a period of price dislocation. This has resulted in a greater level of selling activity in 2025.

The survey also showed that the most favored investment strategy for 2025 is value-add. CBRE observed that in select markets, assets are being repriced to the point where investors believe they can achieve value-add returns by acquiring assets that reflect core risk profiles. As a result, the upscale and upper midscale hotel categories emerged as the most attractive asset type for investment this year, overtaking the upper upscale category that topped last year’s survey.

According to the report, this shift in preference is due to the operational flexibility and increased potential for value-added opportunities provided by the upscale and upper midscale segment. These include the redevelopment, adaptive reuse, and rebranding of existing properties, which offer a more cost-effective alternative to new developments. The segment also has a leaner labor pool compared to higher-tier assets, resulting in reduced labor and cost pressures.

The survey also highlighted the increasing popularity of long-stay or hybrid hospitality models among investors, with growing demand for converting assets into co-living spaces. It is expected that this trend will continue to gain traction in countries like Japan, Hong Kong, and Singapore, where there is a demand for cost-effective accommodation in relatively inflexible rental markets.

Other emerging trends include a greater preference for assets with vacant possession at the time of acquisition, allowing for flexibility in terms of operator selection and refurbishment works. Limited-service hotels also saw higher interest from respondents, as investors continue to focus on minimizing operational costs.

Investing in a condominium in Singapore has emerged as a favored option for both domestic and international investors, drawn by the country’s thriving economy, steady political climate, and superior quality of life. The real estate market in Singapore presents a wide range of possibilities, with condos being particularly attractive due to their convenience, amenities, and potential for lucrative gains. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore. Furthermore, to stay updated on the latest condo launches, be sure to check out New Condo Launches.

Tokyo retained its position as the most preferred city among hotel investors, supported by low interest rates and stable income streams generated by hotel properties. Osaka also made it to the top five cities for similar reasons. Singapore and Sydney also ranked high, with CBRE attributing it to solid hotel fundamentals, including growth in daily rates and underlying operating profits. Seoul also stood out, as there has been an increase in visitors from mainland China in recent years, resulting in a surge in daily rates and a subsequent uptick in investor activity in the last few months.…

A major advantage of investing in a Singapore Condo is the opportunity to utilize its value for further investments. This is a popular approach among investors who choose to use their condos as collateral in order to secure additional financing for new investments, leading to an expansion of their real estate portfolio. However, while this strategy can potentially increase returns, it is important to have a solid financial plan in place and carefully consider the potential impact of market fluctuations.

On February 24, ETC, now known as Edmund Tie, and OrangeTee Group announced their plans to merge and form a new holding company. The name of the new company has not been revealed yet.

“The merger is not an acquisition, but a coming together of two like-minded companies,” says ETC’s CEO, Desmond Sim. He will continue as the group CEO of the merged entity, while OrangeTee & Tie’s current CEO, Justin Quek, will serve as the deputy group CEO.

After the merger, ETC will focus on providing consultancy and advisory services, while OrangeTee will concentrate on its proptech and real estate agency business. This will be supported by their network of 2,803 salespersons registered with the Council for Estate Agencies (CEA) as of February 24.

One crucial factor to keep in mind when considering investing in condominiums in Singapore is the government’s implementation of property cooling measures. These measures have been put in place over the years to control speculative buying and maintain a steady real estate market. A notable example is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have a short-term impact on the profitability of condo investments, they ultimately contribute to the long-term stability of the market, providing a secure environment for investors. Additionally, with new condo launches in the market, opportunities for profitable investments continue to arise.

The combined entity will have a staff of over 520 in addition to the 2,803 salespersons. “By combining our expertise, resources, and networks, we can drive growth and create value for all stakeholders, allowing us to thrive in today’s dynamic real estate industry,” says Sim.

This merger builds on the successful joint venture in August 2017, where ETC and OrangeTee merged their associates’ business under a new entity, OrangeTee & Tie. With a sales force of over 4,000 agents, this propelled OrangeTee & Tie to the third spot among the top three agencies. After the joint venture, the former Edmund Tie acquired a 20% stake in OrangeTee & Tie.

Triplestar Holdings and TH Investments, both related to the family of Tat Hong Holdings’ managing director and group CEO, Roland Ng, facilitated the merger between ETC and OrangeTee. They acquired a stake in ETC after a management buyout in 2016. When the original shareholders, including Edmund Tie, retired, the company bought back their shares, increasing Triplestar and TH Investments’ stake to about 60%. Today, they own the entire 100% stake in ETC.

This year marks ETC’s 30th anniversary, making it a significant milestone for the company, according to Sim. In line with this, the company rebranded itself as ETC.

OrangeTee Group was incorporated in 2000 and is celebrating its 25th anniversary this year. It is an investment holding company led by the board of directors with support from the C-suite, including Justin Quek, CEO of OrangeTee & Tie; Marcus Oh, managing director of OrangeTee Advisory; Teo Yak Huat, CFO; and Christine Sun, chief researcher and strategist.

“With a strengthened brokerage and consultancy team, along with advanced proptech, we can scale our capabilities and provide innovative and seamless solutions for all real estate sectors,” says Quek.

Stakeholders in OrangeTee Group include Tokyu Livable Inc., which acquired a 22.5% stake in the company in 2014. It is one of Japan’s largest real estate agencies, with 198 offices nationwide, and is a subsidiary of the giant conglomerate, Tokyu Group’s real estate business, Tokyu Fudosan Holdings.

Private property fund, Vogue Capital Group, is also a shareholder of OrangeTee Group. Both Tokyu Livable and Vogue Capital will have a stake in the new holding company, along with Ng’s Triplestar Holdings and TH Investments.

Last year, ETC expanded to Johor Bahru through their joint venture in Malaysia, Nawawi Tie. The company also has a presence in Penang and Malaysia, as well as an associate in Thailand, Edmund Tie & Co (Thailand).

“We are confident that this merger will bring about more opportunities for us in the ASEAN region and Japan, especially through our partnership with Tokyu Livable,” adds Sim.

In the third quarter of 2024, private residential resale prices remained steady.…

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Securing financing for a Condo is a crucial factor in the investment process. In Singapore, there are various mortgage choices available, but it is imperative to have an understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the amount of loan a borrower can obtain based on their income and current debt responsibilities. To make well-informed financing decisions and prevent excessive borrowing, it is crucial for investors to comprehend the TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, seeking advice from experts such as Condo specialists can also aid in making sound financing choices.

UOL Group and CapitaLand Development (CLD) have announced that the launch of ParkTown Residence in Tampines North was a huge success, with 1,041 units sold during the launch weekend. This accounts for over 87% of the total 1,193 units available.

According to Anson Lim, UOL’s general manager of residential marketing, the project achieved an average price of $2,360 psf. The majority of buyers were either Singaporean homebuyers or investors.

The most popular unit types at ParkTown Residence were the two-bedroom and three-bedroom apartments, which make up 994 units (83%) of the project. These units were highly sought after, with 92% of them being snapped up during the launch weekend.

“Buyers were drawn to ParkTown Residence’s unique status as a fully integrated residential and lifestyle development, directly connected to a retail mall, the future Tampines North MRT station, a bus interchange, a green boulevard, a community club and a hawker centre,” says a spokesperson for UOL and CLD.

Prior to the launch weekend, ParkTown Residence had already received 2,367 cheques, which translates to a sales conversion rate of 44%. This is well above the average of 30% to 35% for most new project launches in recent years.

According to Mark Yip, CEO of Huttons Asia, the last mega project to achieve such impressive sales numbers was the 1,399-unit High Park Residences in July 2016, which sold 1,100 units over three days.

ParkTown Residence at Tampines 62 is part of the first mixed-use development integrated with transport hub at Tampines (Source: EdgeProp Landlens)

The last project to sell more units over a launch weekend was the Emerald of Katong, which sold 835 units (99%) in November 2020. Ismail Gafoor, CEO of PropNex, notes that ParkTown Residence has surpassed the take-up rates of previous integrated developments.

When considering investing in a Singapore Condo, it is crucial to take into account the government’s property cooling measures. In order to maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. Although these measures may affect the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer environment for investment.

The most recent integrated project, The Reserve Residences, launched in May 2023 and recorded a 71% take-up rate during its launch weekend. As of Feb 23, the project remains 98.2% sold at an average price of $2,484 psf based on caveats lodged.

Marcus Chu, CEO of ERA Singapore, explains that mixed-use developments integrated with transport hubs are popular with homebuyers and investors due to their potential for capital growth and high rentability.

The last two fully integrated developments to be completed were the 920-unit North Park Residences in Yishun (launched in 2015) and the 680-unit Sengkang Grand in Buangkok (launched in 2019). According to Chu, the average price of North Park Residence is $1,809 psf, which is 65% higher than the average resale prices of residential units in District 27. Meanwhile, Sengkang Grand commands an average price of $2,029 psf, 25% higher than the average resale prices in District 19.

ParkTown Residence is located at Tampines Street 62, which is the third largest HDB town after Hougang and Woodlands. “Quite a number of buyers were HDB upgraders who desired to stay in Tampines,” says Huttons’ Yip.

The completion of ParkTown Residence in 2030 coincides with the scheduled opening of the Tampines North MRT Station on the Cross Island Line (CRL), a major arterial line running from East to West of Singapore. Ken Low, managing partner of SRI, also notes that the neighbouring Paya Lebar Airbase is scheduled to be relocated in 2030, freeing up an estimated 800ha of land for future developments.

Under the URA Master Plan, three more government land sales (GLS) sites will be linked to the upcoming Tampines North MRT Station. “However, these new projects could potentially be launched at higher prices,” says Low.

Tampines will also see new infrastructure developments by 2027, including a cycling bridge, an underpass, and another 7.7km of cycling paths. There will also be a new pedestrian route between Tampines MRT Station and the malls in the regional centre. These additions were announced on Feb 22, as part of the Tampines Town Council’s five-year masterplan for 2025 to 2030.

“All these will enhance the liveability in Tampines, which already has strong attributes,” says SRI’s Low.…

MCL Land and CSC Land Group recently announced the successful sale of 326 units out of 501 at their joint venture project, Elta, on Clementi Avenue 1. This translates to a sales rate of around 65%, with an average price of $2,537 per square foot.

The majority of buyers were Singaporeans, making up 90% of the purchasers, while the remaining 10% were permanent residents. The highest number of buyers came from districts 19, 5, and 23, which cover areas such as Hougang, Serangoon, Sengkang, Punggol, Buona Vista, Clementi, Dover, Bukit Batok, Bukit Panjang, Choa Chu Kang, Hillview, and Dairy Farm.

Among the units sold, the two-bedroom apartments were the most popular, with 98% of the 179 units sold at an average price of $1.388 million ($2,261 psf). The three-bedroom units also saw strong demand, with 81% of the 108 units being sold at a starting price of $2.198 million. The one-bedroom plus study units were also in high demand, with 78% of them being snapped up at $1.158 million.

According to Ismail Gafoor, CEO of PropNex, more than 60% of the units sold were in the one- and two-bedroom categories, with prices below $2.2 million. He also noted that the robust sales reflect buyers’ confidence in Elta, which offers a perfect blend of modern living, convenience, and comfort. MCL Land CEO Lee Tong Voon also expressed his satisfaction with the sales numbers, stating that the strong response from buyers shows their trust in the development.

Elta is the last of three private condos to be launched on government land sales (GLS) sites on Clementi Avenue 1. The first two were The Clement Canopy with 505 units and Clavon with 640 units, both developed by UOL Group and Singapore Land Group. According to Ken Low, managing partner of SRI, there are no more development plots available in the Clementi town centre, contributing to the strong sales numbers at Elta.

One of the main reasons for the high demand for Elta is the track record of the previous projects on Clementi Avenue 1. Based on caveats lodged, the average selling price of The Clement Canopy has increased by 45% since its launch in 2017, while the average selling price at Clavon has risen by 27% since its debut in 2020.

Elta is located near various employment hubs, such as the National University of Singapore (NUS), one-north, Pandan Loop Industrial Estate, the Science Park, Jurong Lake District, and the future Dover Knowledge District. In addition, it is also conveniently situated near Clementi MRT Station on the East-West Line and the upcoming Cross Island Line. Mark Yip, CEO of Huttons Asia, believes that the new MRT line will enhance connectivity in Clementi and potentially increase the quality of tenants for Elta.

Huttons’ Data Analytics estimates that the most significant group of Elta buyers came from the HDB upgraders in Clementi and Queenstown. With over 2,500 HDB units reaching their Minimum Occupation Period (MOP) this year and another 1,100 units doing so in 2025, this will continue to drive demand for private properties in the area.

Investing in a Singapore condo requires careful consideration of not just the property itself, but also its maintenance and management. Due to the shared ownership and facilities in condos, there are usually maintenance fees to cover the upkeep of common areas. While this may increase the overall cost of ownership, it is a necessary expense to ensure that the property remains well-maintained and retains its value. To make things easier for investors, it is beneficial to engage a property management company to handle the day-to-day management of the condo. This allows for a more passive investment as the management company takes care of the property on behalf of the owner.

Elta is also situated near several nature parks, including Clementi Woods Park, West Coast Park, and Kent Ridge Park, providing residents with easy access to green spaces. ERA Singapore CEO Marcus Chu notes that these factors, combined with Clementi’s excellent connectivity and amenities, make it an attractive destination for both homeowners and investors.

It is crucial for international investors to familiarize themselves with the regulations and limitations surrounding property ownership in Singapore. The purchase of condos is generally accessible to foreigners with minimal restrictions, unlike landed properties which have stricter ownership guidelines. However, foreign buyers are obligated to pay the Additional Buyer’s Stamp Duty (ABSD), currently set at 20%, for their initial property acquisition. Nonetheless, the reliable stability and promising growth potential of the Singapore real estate market continue to entice foreign investment. If you are interested in investing in Singapore, consider browsing listings for a Singapore Condo.

The first weekend of the project’s launch saw the simultaneous launch of another project, ParkTown Residence, which sold 1,041 units out of 1,093 units. Together, Elta and ParkTown Residence sold more than 1,300 units, surpassing the total number of new homes sold in January. This strong sales momentum from the end of 2024 has continued into the new year, and PropNex’s Gafoor expects the primary market to remain active in 2025.

Huttons Data Analytics estimates that developer sales in February will exceed 1,500 units, with a total of between 2,500 and 2,700 units being sold in the first two months of 2025. This is equivalent to 39% of the total new sales in 2024, leading Huttons to revise its full-year projection for 2025 to between 7,500 and 8,500 units. They also predict a price growth of between 4% and 7% for the year.…

Acquiring financing is a crucial factor in investing in a condominium. In Singapore, there are various mortgage solutions available. However, it is imperative to familiarize oneself with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the maximum loan amount that a borrower can obtain based on their income and current debt commitments. Knowing about the TDSR and collaborating with financial consultants or mortgage brokers can guide investors in making well-informed choices about their financing alternatives and prevent them from overstretching their resources. Additionally, interested individuals can find out more about financing options for Singapore projects at Singapore Projects.

CapitaLand India Trust (CLINT) has announced its intention to acquire an office project in Nagawara, Outer Ring Road, Bangalore, for $233.6 million through a forward purchase agreement with Maia Estates Offices.

The acquisition of this 1.13 million sq ft office project is expected to have a positive impact on earnings and distributions for unitholders. On a stabilized basis, net profit is projected to be $7.7 million, while distribution per unit is expected to increase from 6.84 cents to 6.98 cents.

The office project is part of a mixed-use development that includes both office and retail space. Under the terms of the forward purchase agreement, CLINT will fully fund the development of the office project and receive interest on the funding at a higher rate than its borrowing cost.

For those looking to invest in overseas properties, there are a variety of projects available for sale around the world.

Investing in a Singapore Condo offers a plethora of benefits, making it a highly sought-after investment opportunity. With its high demand, potential for capital appreciation, and attractive rental yields, it is no surprise that many investors are flocking to this dynamic real estate market. However, as with any investment, careful consideration must be given to various 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 condominium market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, Singapore Condos present a compelling opportunity that should not be overlooked.

Upon completion of the development, which is estimated to be in the first half of 2030, CLINT will acquire the office space and Maia will retain the retail portion. This will expand CLINT’s operational area in Bangalore to 9.9 million sq ft, up from the current 8.7 million sq ft.

CLINT’s other properties under development in Bangalore include two office buildings in Gardencity, an IT Park at Hebbal, and another IT park at ITPB.

With the addition of the office project, the total size of CLINT’s portfolio, including committed investment pipeline, will increase by 4.0% from approximately 30.2 million sq ft to approximately 31.47 million sq ft.

According to CEO of CLINT, Gauri Shankar Nagabhushanam, “The acquisition of this strategically located office project will further enhance CLINT’s presence in Bangalore, one of India’s most prominent office markets. In 2024, Bangalore recorded its highest ever leasing levels for Grade A office space. ORR is the largest office micro-market in Bangalore, and with the addition of this prime office property, we will be able to provide our tenants with a wider range of premium office space options across key micro-markets in Bangalore.”

On Feb 21, units in CLINT remained unchanged at $1.…

Securing financing is a crucial factor when it comes to investing in a condo. In Singapore, there are various mortgage choices available, but it is crucial to be well-informed about the Total Debt Servicing Ratio (TDSR) framework. This framework limits the loan amount that a borrower can obtain based on their income and current debt commitments. To navigate through this process, it is highly recommended to seek the guidance of financial advisors or mortgage brokers. By understanding the TDSR and seeking professional assistance, investors can make well-informed decisions about their financing options and avoid over-extending their finances. Additionally, it is worth checking out New Condo Launches, which offers exciting new opportunities for condo investments.

A successful collective sale deal has recently been closed for River Valley Apartments, a freehold condominium located on River Valley Road. The sale was for a whopping $56 million and marks the first of its kind to be completed in 2025. The land rate for the deal translates to $1,622 psf per plot ratio (psf ppr).

As the marketing agent, Knight Frank Singapore announced in a press release that the purchaser is a local family office with plans for redevelopment into serviced apartments. The Urban Redevelopment Authority (URA) has already granted an Outline Permission for the development of these new serviced apartments.

Chia Mein Mein, the head of capital markets (land and collective sale) at Knight Frank Singapore, stated, “This marks the first collective sale site sold in 2025, amid a challenging collective sale market, especially for the residential sector.” The collective sale of River Valley Apartments is also the first residential site to be sold in a prime district since May 2023 when Kew Lodge was sold for $66.8 million to Aurum Land.

According to Chia, the tender for River Valley Apartments received a lot of interest from potential buyers. She attributes its appeal to its excellent location in the popular River Valley neighborhood and the potential for redevelopment into a serviced apartment project that fits into the rapidly growing living sector in Singapore.

River Valley Apartments consists of a four-story building with 24 units. The site covers 12,408 sq ft and is zoned “residential” with a gross plot ratio of 2.8 under the latest Master Plan. The owners of River Valley Apartments launched the collective sale of the development on January 7th with a guide price of $56 million.

Jerry Tan, chairman of the River Valley Apartments collective sale committee, stated, “We had attempted to initiate the collective sale exercise in the past, and this is the first time we have secured the 80% owners’ consensus to proceed with the tender launch.” With this successful sale, the strata-titled owners of River Valley Apartments can expect to receive a minimum of $2 million to $2.6 million each based on the sale price.

In summary, acquiring a Singapore Condo provides numerous benefits, including a high demand, potential for asset growth, and appealing rental returns. However, it is crucial to carefully evaluate various factors, such as location, financing options, government regulations, and current market conditions. By conducting thorough research and seeking professional guidance, investors can make informed decisions and maximize their profits in Singapore’s dynamic real estate industry. Whether you are a local investor diversifying your portfolio or a foreign buyer seeking a stable and lucrative investment opportunity, Singapore Condos offer a compelling option.

Potential buyers can also check out the latest listings for River Valley Apartments properties and compare them with other properties in the area using the Ask Buddy feature on the website. There have been no unprofitable transactions for River Valley Apartments, and the price trend for this development shows a steady increase. Interested buyers can also view the past sale transactions for River Valley Apartments and check for any available rental listings in District 10.…

in 19 yearsDistrict 11, 10 private residential resale market still active in May by Valerie KoritynSource: https://www.edgeprop.sg/property-news/luxury-development-nassim-9-saw-most-profitable-private-non-landed-resale-transaction-recent-week

The prestigious Nassim 9 development has set a new record for the most profitable private non-landed resale transaction in the period of Feb 4 to Feb 7. The sale involved a four-bedroom unit located on the third floor, spanning 2,486 sq ft, and was transacted for a staggering $7.5 million, or $3,016 psf, on Feb 7.

According to URA caveats, the unit was initially purchased for $4.12 million ($1,641 psf) in December 2005. This means that the seller made a profit of $3.42 million, or 83.8% of their original purchase price. This equates to an annualised gain of 3.2% over a period of 19 years.

The transaction at Nassim 9 marked the third most profitable resale transaction at the development to date. The current record was set in March 2023, when a larger four-bedroom unit spanning 2,756 sq ft was sold for $9.5 million ($3,448 psf). This unit was purchased for $4.12 million ($1,495 psf) in December 2005, resulting in a profit of $5.38 million (130.6%), or an annualised gain of 5% over a period of 17 years.

Prior to the unit sold on Feb 7, the last recorded transaction at Nassim 9 was in March 2023, when a 3,251 sq ft, four-bedroom unit was sold for $10.3 million ($3,169 psf). This sale generated a profit of $3.3 million for the seller.

Nassim 9 is a boutique development with only eight units, located along Nassim Road in prime District 10. It was completed in 2002 and consists of four-bedroom units ranging from 2,756 to 3,423 sq ft.

Another noteworthy transaction during the period was the sale of a triplex penthouse unit at Mount Faber Lodge, a freehold development located along Mount Faber Road in District 4. The 1,238 sq ft unit on the 28th floor was sold for $5 million ($1,350 psf) on Feb 5. It had last changed hands in August 2001 for $1.6 million, resulting in a profit of $3.4 million (212.5%), or an annualised gain of 5% over a period of 23.5 years.

The sale on Feb 5 set a new record for the most profitable unit at Mount Faber Lodge. The previous record was held by a three-bedroom unit spanning 2,669 sq ft on the third floor, which was sold for $3.89 million ($1,457 psf) in October 2022. This unit was initially purchased for $1.3 million ($487 psf) in January 2006, resulting in a profit of $2.59 million (199.2%).

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Securing financing is a crucial aspect of investing in a condo. Fortunately, in Singapore, there are various mortgage options available. However, it is essential to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan an individual can take based on their income and existing debt obligations. Being well-informed about the TDSR and seeking guidance from financial advisors or mortgage brokers is crucial for investors in making wise decisions about their financing options. It also helps in avoiding the potential risks of over-leveraging. New condo launches are also worth considering as they provide exciting opportunities for potential returns on investment. To ensure a successful condo investment, it is important to carefully consider all financing possibilities and seek professional advice when needed.

When it comes to investing in real estate, location plays a significant role, and this is especially true in Singapore. Condos in prime locations, such as central areas and near important amenities like schools, shopping malls, and public transportation hubs, have a higher chance of appreciating in value. This is evident in areas like Orchard Road, Marina Bay, and the Central Business District (CBD), where properties have consistently shown growth over the years. Additionally, condos in these areas are highly sought after by families due to their proximity to reputable schools and educational institutions, making them an even more appealing investment option. By choosing to invest in a Condo in these prime locations, investors can increase their chances of reaping significant returns on their investments.

Mount Faber Lodge was completed in 1983 and has 84 units, including studio units spanning 1,098 sq ft, two- and three-bedroom units from 1,173 to 2,454 sq ft, and 20 five-bedroom triplex penthouses ranging from 3,703 to 3,724 sq ft.

The third most profitable deal during the period was the sale of a three-bedroom unit at Amaryllis Ville, a 99-year leasehold condo in prime District 11. The 1,238 sq ft unit on the 28th floor was sold for $2.65 million ($2,141 psf) on Feb 5. It had last changed hands for $1.09 million ($884 psf) in June 2005, resulting in a profit of $1.56 million (142.2%), or an annualised gain of 4.6% over a period of 19.5 years.

This sale was the third most profitable for Amaryllis Ville, with the record held by a 1,991 sq ft, three-bedroom unit on the 17th floor, sold for $3.75 million ($1,885 psf) in September 2023. The unit was purchased for $1.95 million ($979 psf) in June 2009, resulting in a profit of $1.8 million (92.5%), or an annualised gain of 4.7% over a period of 14 years.

Recent data has shown that resale prices at Amaryllis Ville have been on the rise, with a 4% year-on-year increase in February 2024, reaching an average of $2,082 psf. The development houses a mix of one- and two-bedroom units from 657 to 1,378 sq ft, three-bedroom units from 958 to 2,637 sq ft, and 378 five-bedroom triplex penthouses from 3,703 to 3,724 sq ft.

Overall, the period in review saw no unprofitable transactions. The rental market for condo properties in Districts 10 and 11 remains active, with several high value transactions recorded. Other notable developments with profitable transactions during the period include Kopar at Newton, Rochelle at Newton, and Nassim 9.…

8M Residences Takes Top Spot in Private Condos With New Psf-Price Peak Node Condos, a freehold condo located in District 23, saw a new psf-price high of $2,500 psf when a 1,346 sq ft unit on the second floor was sold for $3.36 million on Feb 5. Previously, the highest transaction was $3.18 million ($2,362 psf) for a 1,346 sq ft, three-bedroom unit on the 7th floor in February 2022. This marks a record increase of 5.89% for the condo. Completed in 2020, the freehold condo consists of 71 residential units. It has a mix of two- to four-bedroom apartments ranging from 764 sq ft to 2,314 sq ft. With just two transactions in the last three years, resale prices at Node Condos have seen increases of 5.9%. In February 2022, a 1,151 sq ft unit was sold for $2.9 million ($2,524 psf). GW Six Avenue, a freehold condo located in District 10, took fourth place on the list of private condos that achieved a new psf-price high. A 2,056 sq ft unit on the 2nd floor was transacted for $4.4 million on Feb 4, setting a new record of $2,140 psf for the condo. This surpasses the previous peak of $2,062 psf set in November 2022 when a 1,841 sq ft unit on the 5th floor fetched $3.79 million. Completed in 2020, GW Six Avenue is a boutique development with 20 units. It is located within walking distance of Sixth Avenue MRT Station on the Downtown Line and serves the school district of Nanyang Primary School and Raffles Girls’ Primary School. In terms of absolute price, the most expensive resale unit sold at GW Six Avenue was a 4,219 sq ft, five-bedroom unit that fetched $9.6 million ($2,277 psf) in November 2023. Read also: Resale prices continue to rise in February with 0.8% m-o-m increase in February: SRX GW Six Avenue has 2 units available for sale and 4 units for rent. Know more about GW Six Avenue. Update: The EdgeProp Research team has identified some discrepancies in the initial calculations and have updated the story to reflect the correct figures. The correct average price of units at Kovan Jewel is $2,111 psf, not $2,121 psf as stated earlier. The increases for resale prices at Node Condos and GW Six Avenue have also been updated from 5.05% to 5.89% and 0.97% to 2.9% respectively.

8M Residences has once again made headlines by topping the list of private condos to hit a new psf-price peak in the week of February 1 to 7. The freehold development, located in District 15, achieved a new high of $2,384 psf when a two-bedroom unit spanning 646 sq ft on the 15th floor was sold for $1.54 million on Feb 3. This marks the first time a unit at 8M Residences has been sold for more than $2,300 psf.

When making the decision to invest in a condo, it is crucial to also take into account the maintenance and management aspect of the property. These types of properties usually come with maintenance fees that cover the upkeep of communal areas 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. To make the investment more passive, investors can enlist the services of a property management company to handle the day-to-day responsibilities of managing their condos. If you are looking for new condo launches, consider partnering with our team at Freedom At Home Team to make the best investment decision.

Investing in real estate is a strategic decision, and location plays a crucial role in its success. This is especially true in the bustling city of Singapore. Condos that are situated in central areas or in close proximity to essential amenities like schools, shopping malls, and public transportation hubs tend to have a higher appreciation in value. Some prime locations in Singapore that have consistently shown growth in property values include Orchard Road, Marina Bay, and the Central Business District (CBD). Additionally, condos located near reputable schools and educational institutions are highly sought after by families, making them even more valuable investments. Considering all these factors, investing in a condo in a prime location in Singapore can be a smart move for any investor.

This record-setting sale surpasses the previous peak of $2,261 psf set in April 2023, when a similar 646 sq ft, two-bedroom unit on the 11th floor was sold for $1.46 million. The strong demand for 8M Residences is evident as another transaction during the period in review also surpassed the April 2023 record. On Feb 3, a 527 sq ft, one-bedroom unit on the 11th floor was transacted for $1.2 million ($2,275 psf).

Interestingly, the most expensive unit to change hands at the development, in terms of absolute price, is a 1,841 sq ft, three-bedroom unit that was sold for $2.85 million ($1,548 psf) in October 2012 when it was first launched by the developers. This further highlights the strong growth in prices at 8M Residences over the years.

Resale data compiled by EdgeProp Singapore shows that prices have consistently risen at 8M Residences in the past few years. Based on a 12-month rolling average, the average price of units at the condo has risen by 7.3% over the last three years, from $2,028 psf in February 2022 to $2,177 in February 2025.

Completed in 2017, 8M Residences is a 20-storey residential tower with 68 units. The project offers a mix of one- to three-bedroom units ranging from 517 to 1,421 sq ft. It also has four penthouses ranging from 1,184 to 1,841 sq ft.

Another freehold condo in the list is the 34-unit Kovan Jewel, located in District 19. This boutique condo, completed last year, saw a three-bedroom unit on the second floor being sold for $2.41 million on Feb 7, setting a new high of $2,236 psf. This new record surpasses the previous peak set last August, when a similar three-bedroom unit on the fourth floor was sold for $2.4 million ($2,228 psf).

Currently, 17 units (50%) have been sold at Kovan Jewel at an average price of $2,111 psf, based on caveats lodged. Nine units were sold last year at an average price of $2,111 psf. The unit sold on Feb 7 is the first unit sold this year.

Meanwhile, located in District 9, Oleanas Residence takes the third spot on the list of condos that achieved a new psf-price high, with a 1,141 sq ft, three-bedroom unit on the sixth floor fetching $2.52 million on Feb 3. This sets a new record of $2,207 psf at the condo, surpassing the previous peak of $2,157 psf in August 2022 when a 1,238 sq ft, three-bedroom unit was sold for $2.67 million.

In terms of absolute price, the most expensive resale unit at Oleanas Residence was a 1,636 sq ft, three-bedroom unit that fetched $3.3 million ($2,017 psf) in December 2022.

Oleanas Residence, a freehold condo completed in 1999, is situated along Kim Yam Road in District 9. It has only seen four resale transactions in the last three years, with prices ranging from $2.4 million ($2,103 psf) for a 1,141 sq ft, three-bedroom unit in November 2023 to $3.3 million ($2,129 psf) for a 1,550 sq ft, four-bedroom unit in April 2024. The condo is within walking distance of two MRT Stations – Great World MRT Station on the Thomson-East Coast Line and Fort Canning MRT Station on the Downtown Line. It also serves the school district of River Valley Primary School and Outram Secondary School.

Lastly, located in District 23, Node Condos achieved a new psf-price high of $2,500 psf when a 1,346 sq ft unit on the second floor was sold for $3.36 million on Feb 5. The highest transaction previously was $3.18 million ($2,362 psf) for a 1,346 sq ft, three-bedroom unit on the 7th floor in February 2022.

Completed in 2020, the freehold condo consists of 71 residential units ranging from two- to four-bedroom apartments with sizes from 764 sq ft to 2,314 sq ft. With just two transactions in the last three years, resale prices at Node Condos have seen a growth of 5.89%.

Meanwhile, GW Six Avenue, a freehold condo located in District 10, closes the list with a 2,056 sq ft unit on the 2nd floor being transacted for $4.4 million on Feb 4, setting a new record of $2,140 psf. This surpasses the previous peak of $2,062 psf in November 2022 when a 1,841 sq ft unit on the 5th floor was sold for $3.79 million. Completed in 2020, GW Six Avenue is a boutique development with 20 units. It is situated within walking distance of Sixth Avenue MRT Station on the Downtown Line, and is in close proximity to educational institutes such as Nanyang Primary School and Raffles Girls’ Primary School. In terms of absolute price, the most expensive resale unit sold at GW Six Avenue was a 4,219 sq ft, five-bedroom unit that fetched $9.6 million ($2,277 psf) in November 2023.…

When contemplating an investment in a condominium, one must also consider the potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can greatly differ depending on the location, condition of the property, and market demand. Typically, areas with high rental demand, such as those near business districts or educational institutions, tend to offer more attractive rental yields. To gain a better understanding of the rental potential of a specific condominium, it is important to conduct thorough market research and seek advice from real estate agents. Additionally, exploring Singapore Projects can provide valuable insights into the rental opportunities available for potential condo investors.

Heeton Holdings has reported a 221% year-on-year increase in earnings for the second half of FY2024, which ended on December 31, 2024. The company’s earnings for this period amounted to $3.85 million.

However, for the full year of FY2024, the group is still experiencing losses. For the second half of the year, earnings per share stood at 0.79 cents per ordinary share, while for the full year, earnings per share were a negative 0.28 cents per share.

In the second half of FY2024, Heeton’s revenue grew 10.5% year-on-year to $41.1 million. For the full year, revenue increased by 15.2% year-on-year to $78.2 million.

The group attributes its revenue growth in the second half of the year to rental income from investment properties, hotel operation income, and management fees. The increase in revenue for the full year was mainly driven by higher occupancies in the United Kingdom and an increase in rental rates for the group’s investment properties.

During FY2024, the company divested some of its subsidiaries, including its 70% stake in Gloucester Corinium Avenue Hotel Limited and Ensco 1154 Limited. This resulted in a net gain of $3.78 million.

The company’s property, plant, and equipment, which amounted to $418.83 million, mainly consisted of hotel properties. There was an increase of $16.92 million in FY2024 due to the acquisition of a hotel in Edinburgh, United Kingdom. The appreciation of Pound Sterling and reversal of impairment changes offset by the disposal of hotels in Japan and the United Kingdom and depreciation charges recognized.

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Investing in a Singapore condo is a significant decision, and it’s essential to consider not only the property itself but also its maintenance and management. Typically, condominiums come with maintenance fees that cover the upkeep of shared spaces and facilities. Although these fees may add to the overall cost of owning a condo, they also ensure that the property remains well-maintained and retains its value over time. For those looking for a more hands-off approach to managing their investment in a Singapore condo, hiring a property management company, such as Singapore Condo, can be highly beneficial.

In terms of cash flow, the company experienced a decrease in cash and cash equivalents of $32.70 million, mainly due to major cash inflows and outflows. This includes proceeds from the disposal of property, plant, and equipment of $26.43 million and proceeds from disposals of subsidiaries of $11.37 million.

On the cash outflow side, the company had a net repayment of loans from associated and joint venture companies of $24.45 million, additions to property, plant, and equipment of $40.36 million, and a restricted cash pledge for a bank facility of $22.98 million.

Given the current economic uncertainty and geopolitical environment, Heeton plans to maintain a cautious and steady expansion strategy. The company will focus on being a bespoke boutique brand that offers high-quality, experiential stays for its guests, as the hospitality industry continues to face headwinds such as high operating and labor costs, elevated interest rates, and an uncertain macroeconomic environment.

In addition to participating in land tenders in the local residential market, the company also expects its two retail malls to continue generating steady and recurring income for its property investment business.

Heeton has declared a final dividend of 0.5 cents per share for the current financial period. Shares in Heeton closed 1.818% lower at 27 cents on Feb 20.…

Euro Properties, the boutique property developer owned by Singaporean businessman Que Neo, has set his sights on developing residential projects that cater to his own preferences. In his latest venture, he has developed K Suites, a 19-unit apartment block situated along Lorong K Telok Kurau in the in-demand area of District 15. The project, developed by subsidiary EG Properties, is slated to be completed in the first quarter of 2025.

K Suites boasts a prime location, offering convenient access to popular destinations such as the beach, East Coast Park, shopping malls, the CBD, and Changi Airport. Neo emphasizes that it takes only about 10 minutes to reach both the airport and the downtown area via East Coast Parkway and Pan-Island Expressway.

When making the decision to invest in a condo, it is crucial to also consider the maintenance and management of the property. Along with the purchase of a condo comes the responsibility of paying maintenance fees, which cover the costs of upkeep for common areas and facilities. Although these fees may increase the overall cost of ownership, they also ensure that the property is well-maintained and maintains its value. An effective solution for minimizing the burden of managing a condo is hiring a property management company, which can handle the day-to-day tasks and make it a more passive investment. Additionally, for information on new condo launches, visit New Condo Launches.

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A major advantage of investing in condos is the potential to leverage its value for future investments. Numerous investors take advantage of their condominiums as collateral in order to secure additional funding for new ventures, ultimately growing their real estate portfolio. This approach has the potential to significantly increase returns, but it’s important to note that it also carries certain risks. As such, it’s essential to have a well thought-out financial plan and carefully consider how market fluctuations may impact these investments. To fully take advantage of this strategy, it’s advisable to keep an eye out for new condo launches that present promising opportunities for growth.

Aside from its proximity to various amenities, K Suites also boasts easy access to public transportation, with a bus stop just 50 meters away. From there, it is only two stops to the nearest MRT stations: Marine Parade on the Thomson-East Coast Line and Eunos on the East-West Line. Eunos station is also just one stop away from the Paya Lebar Interchange, providing convenience for commuters. Additionally, popular schools such as Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary are located within 1km of the Telok Kurau area, making it an ideal location for families with young children.

K Suites, designed by JGP Architecture, boasts a sleek and modern facade thanks to its curtain wall system. The use of glass also allows for ample natural light and unobstructed views of the surrounding neighborhood. The apartments themselves feature efficient layouts with regular ceiling heights of 3.5m to 4.5m, while the duplex penthouses boast a generous 7m ceiling height. The apartments also feature top-quality fittings from renowned brands such as Miele, Duravit, and Grohe.

Residents of K Suites can also enjoy various facilities, including a swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The project’s location also allows for a grand arrival and drop-off area and a surface car park that can accommodate 16 cars, two of which are electric vehicle charging stations.

Since its preview in September 2022, K Suites’ first phase of 10 units has been sold out, with a majority of buyers being Singaporean professionals such as doctors, lawyers, and corporate executives. The development consists of three-bedroom units ranging from 797 to 872 sq ft and four-bedroom units ranging from 1,076 to 1,130 sq ft. The largest units, five-bedroom penthouses of 1,625 to 1,679 sq ft, have proven popular with large families, with one unit purchased by a family with four children.

Neo notes that most buyers are upgraders looking for a freehold property in the desirable District 15 area, with some downsizing from houses to apartments. The ground-level units, which feature ceiling heights of 4.5m and overlook the landscaped garden and facilities, are particularly popular with buyers.

With its TOP imminent and the positive market sentiment, developer Euro Properties plans to release the remaining units in the development. Prices for the three-bedroom units start at $2.058 million, while four-bedroom units start at $2.525 million, and the sole five-bedroom penthouse is priced at $3.5 million.

In a study conducted by Huttons Data Analytics, selected boutique developments in District 15 have seen significant price appreciation since their launch, with some seeing an increase of over 100%. Additionally, over the past five years, monthly median rents in the area have risen by 76.5%, making it an attractive area for both residents and investors. With its prime location and desirable features, K Suites is set to be the most affordable new freehold project in District 15, catering to the preferences of both buyers and tenants.…