Freedo Condo

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Singapore’s urban environment is characterized by towering skyscrapers and advanced infrastructure. These condos, usually situated in desirable locations, offer a combination of lavishness and practicality that appeals to both locals and foreigners. They offer a plethora of facilities, including swimming pools, fitness centers, and security services, that elevate the standard of living and make them desirable to prospective renters and purchasers. Investors can also expect higher rental profits and potential appreciation in property value over time with the inclusion of Singapore Condo.

Private housing rents rebounded modestly in the last quarter of 2024, rising by 0.2% compared to the previous quarter, according to a report by Savills Singapore. However, landlords should not expect any significant rental growth this year as the market is expected to remain flat.

The poor performance of the non-landed private residential market in the first three quarters of 2024 contributed to a 1.7% decline in rents over the entire year, representing the first full-year decrease since 2020.

In the last quarter of 2024, there were 19,733 rental transactions, a quarterly decrease of 24.2%. This is likely due to a decline in net new rental demand as the number of employment pass (EP) and S pass holders decreased last year, combined with the typical year-end seasonal slowdown in rental activity.

Despite the decline in rental activity, there is still some growth in rental demand, says George Tan, managing director of Livethere Residential at Savills Singapore. He adds that relatively more affordable rents can be found in suburban areas, allowing tenants to prioritize lifestyle options such as more spacious units, connectivity to MRT stations, malls, and recreational activities.

According to rental data compiled by Savills, Parc Esta, a 1,399-unit development in District 14, saw the most number of condo rental transactions in the last quarter of 2024. The project recorded 163 rental transactions at a median rent of $6.84 psf per month (pm). Other developments that saw a high number of rental transactions include Marina One Residences (126 transactions at $6.62 psf pm), The Sail @ Marina Bay (126 transactions at $6.72 psf pm), Normanton Park (120 transactions at $6.26 psf pm), and D’Leedon (107 transactions at $5.43 psf pm).

In terms of rental price growth, the Outside Central Region (OCR) was the only region to see a decline in average rent in the last quarter of 2014, with a decrease of 0.8% compared to the previous quarter. In contrast, rents in the Core Central Region (CCR) and Rest of Central Region (RCR) saw growth of 0.9% and 0.3% respectively.

The decline in rent prices in the OCR is likely due to tenants in suburban locations moving to more central neighborhoods, driven by relatively more reasonable rents, according to Savills.

Investing in a condominium in the bustling city of Singapore has increasingly become a popular option for both local and foreign investors. This can be attributed to the country’s strong economy, stable political environment, and exceptional quality of life. With a diverse real estate market, the city-state offers a plethora of opportunities, with condos being a standout choice due to their convenience, amenities, and potential for significant returns. In this article, we will delve into the advantages, considerations, and necessary steps to take when investing in a condo in Singapore’s vibrant real estate market. Additionally, be sure to keep an eye out for promising Singapore projects that may catch your interest.

The average monthly rent for high-end condos saw an increase of 1.7% compared to the previous quarter, to $5.85 psf pm, based on a basket of luxury properties tracked by Savills. This suggests that the luxury rental market could see a slight rebound after consistently declining over the previous five quarters.

Looking ahead, landlords may face headwinds in the rental market as companies continue to reduce headcounts and hire fewer expatriates, says Alan Cheong, executive director of research and consultancy at Savills Singapore. He also notes that landlords may face higher property taxes for non-owner-occupied residential properties and increased conservancy charges due to upward inflationary pressures.

However, the relatively tight supply of large luxury properties on the rental market may help landlords resist “underpriced” rental offers, says Cheong. He adds: “Although rents for non-landed private residential properties turned a corner in 3Q2024 and continued to rise in 4Q2024, we anticipate challenges in the rental market in 2025.”

In the future, the widespread adoption of artificial intelligence technology could reduce overall manpower requirements for some high-tech firms, resulting in continued reduced hiring of white-collar professionals. This may also reduce the pool of expat tenants in Singapore, adds Cheong.

“The saving grace for the rental market is that there are fewer new completions of private homes expected in 2025,” he says, noting that higher property taxes on investment properties are likely to deter landlords from accepting “low ball” rental rates. He also expects interest rates to remain at current levels for a longer period of time, rather than falling, and thus mortgage payments will remain at current levels for longer.…

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The demand for Singapore Condos remains at an all-time high, with one of the main reasons being the limited amount of available land in the country. As a small island nation with a growing population, Singapore faces the challenge of scarce land resources for development. To address this, the government has implemented strict land use policies, resulting in a competitive real estate market where property prices continuously soar. This has made investing in real estate, especially condos, a highly profitable opportunity, offering the potential for significant capital appreciation.

CBRE has been selected as the exclusive marketing agent for the sale of Hotel Clover at 7 Hongkong Street and a commercial building at 36 Hongkong Street. These properties are being offered at guide prices of $27 million and $22.6 million respectively.

Sitting on a 1,701 sq ft plot with a 4.2 plot ratio under the latest Master Plan, the six-storey boutique hotel consists of 27 rooms and has a total floor area of 7,142 sq ft. The remaining land tenure for this 99-year leasehold site is approximately 89 years. At $3,780 psf, the price is attractive considering the potential for future rental upside and capital appreciation.

The five-storey commercial building at 36 Hongkong Street sits on a 1,733 sq ft plot with a 4.2 plot ratio under the Master Plan. The building has a total floor area of 7,279 sq ft and is fully leased to a bridal shop on the ground floor and offices on the upper floors. The guide price of $3,105 psf is also attractive for the potential rental upside and capital appreciation. Similarly, the 99-year leasehold site has a remaining land tenure of 93 years, making it an appealing investment opportunity.

One of the main advantages of these properties is their relatively long remaining land tenures, compared to many other 99-year leasehold properties in the CBD area. This makes them an ideal choice for owner-occupiers looking for a flagship asset with naming rights for their exclusive operations. Additionally, as both properties are classified as hotel and commercial properties, foreigners and companies are eligible to purchase them without incurring Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD).

Selecting the perfect location is a fundamental aspect of real estate investment, and this holds especially true in Singapore. Condos situated in central areas or near essential amenities, such as schools, shopping malls, and public transportation hubs, have a higher chance of appreciating in value. In coveted locations like Orchard Road, Marina Bay, and the Central Business District (CBD), property values have consistently shown growth. In addition, the proximity of these condos to reputable schools and educational institutions makes them even more attractive for families, further increasing their investment potential. With the recent surge in the number of new condo launches, the market in these prime areas is expected to continue flourishing.

Strategically located in Clarke Quay, a popular riverfront lifestyle precinct, both properties are in close proximity to Clarke Quay MRT Station, providing easy access to public transportation. The area also boasts a wide range of amenities, such as renowned restaurants, bars, boutique hotels, and fitness studios. Moreover, with the completion of the $62 million asset enhancement initiative at CQ@Clarke Quay and the upcoming large-scale developments at Canninghill Piers and Union Square, the vibrancy of the area is expected to increase, providing potential for future rental upsides and capital appreciation in the medium to long term.

Interested parties can participate in an expression of interest exercise that closes on March 26. These properties present an excellent opportunity for investors and owner-occupiers alike, looking for a high-quality asset at attractive prices in the bustling Clarke Quay area.…

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For those looking to diversify their investment portfolio in Singapore’s thriving real estate market, condos should be a top contender. As a renowned global business hub with a solid economic foundation, Singapore continues to have a stable demand for properties, making it a promising investment opportunity. In recent years, there has been a consistent upsurge in property values, especially in prime locations where condos are located. By developing a well-planned investment strategy, individuals can enter this lucrative market at the right time and hold onto their condos for potential significant capital appreciation. Consider adding a condo from Freedom at Home Team to your investment portfolio.

At the EdgeProp Singapore Property Market Outlook event on Sunday, Feb 16, the discussion revolved around the possibility of new property cooling measures, incoming housing supply from government land sale (GLS) sites and Build-To-Order (BTO) launches, as well as the potential impact of the Budget 2025 announcements on the real estate market.

The panel, made up of three industry experts – Alan Cheong, Executive Director of Research and Consultancy at Savills Singapore, Wong Xian Yang, Head of Research, Singapore and Southeast Asia at Cushman & Wakefield, and Song Seng Wun, Singapore Economic Advisor at CGS International – was moderated by EdgeProp Singapore CEO Bernard Tong.

The event, organized by EdgeProp Singapore, was held at the Elta sales gallery, a new 501-unit project jointly developed by MCL Land and CSC Land Group. The sales gallery opened for public preview on Feb 7.

In January, the government hinted at the possibility of implementing more property cooling measures, stating that it was not yet time to roll back on existing measures. Last month, developers sold 1,083 new private residential units (excluding executive condos), marking a 256% increase from the previous year.

If new cooling measures are introduced, the panel agreed that the government would likely select an intervention that applies uniformly across the residential market. The panelists also discussed the possibility of these measures targeting the HDB resale market.

According to Cheong, the HDB resale market is seen as the “floor” of the housing market in Singapore. As such, an increase in its prices would lead to upward pressure on prices in the private housing segment. Wong added that the government may also consider adjusting the seller’s stamp duty (SSD) and implementing stricter loan restrictions.

However, Tong noted that the government’s plan to inject a strong pipeline of GLS and BTO supply into the market could potentially meet housing demand. The 1H2025 GLS programme consists of 10 sites on the Confirmed List, which could yield 5,000 new homes, and HDB plans to offer 19,600 BTO flats in 2025.

Under the new BTO classification, newly launched Prime and Plus BTO flats will take about 14 years to enter the resale market, and the impact from these developments on prices will only be felt much later on. This was stated by Cheong, who added that prices in the resale market tend to follow project completions and HDB estates completing their minimum occupation period (MOP), rather than the pipeline of GLS sites up for tender each year. Wong agreed, adding that prices are more likely to be affected by project completions rather than GLS supplies.

Nonetheless, all three panelists believe that the strong buyer confidence seen in recent new launches indicates good prospects for projects entering the market this year. Elta, for example, drew about 4,500 visitors during the first three days it was open to the public. Other new launches this year, such as The Orie and Bagnall Haus, also saw high selling rates of 86% and 63%, respectively, on launch day.

Regarding Budget 2025, the panel discussed its potential impact on the property market this year. According to Song, Singapore has had a relatively strong economic recovery since the Covid-19 pandemic-induced recession. He believes that, as 2025 is an election year, Singaporeans can expect more handouts funded by government surpluses stemming from healthy government revenue collections in the past three years.

During the event, Tong also presented a session of EdgeProp’s Master Plan Master Class, which covered upcoming transformation plans in Clementi and Jurong East.

He pointed out that the completion of the second phase of the Cross Island Line (CRL) will add a new MRT station (West Coast) and turn the existing Clementi station into an interchange. In addition, the redevelopment of Clementi Stadium and the installation of more than 6.6km of cycling paths are expected to further boost housing demand in Clementi. Tong also noted that Clementi residents could benefit from the ongoing transformation of Jurong Lake District and the new jobs created in the nearby Tuas megaport, Tuas Biomedical Park, Jurong Island, and Jurong Innovation District.

In summary, the decision to invest in a Singapore condo offers a plethora of benefits. These include a high demand in the market, the potential for profit through capital appreciation, and attractive rental yields. Despite these advantages, it is crucial to carefully consider various factors, such as the condo’s location, financing options, government regulations, and market conditions. To make the most out of Singapore’s ever-evolving real estate landscape, it is crucial to conduct thorough research and seek professional advice. Whether you are a local investor looking to diversify your portfolio or a foreign buyer interested in a stable and lucrative investment, Singapore condos, such as those offered by Singapore Condo, present a compelling opportunity.

According to data compiled by EdgeProp Singapore, the average age of existing condos in Clementi is around 17 years. Tong observed that recent new projects in the area, such as Clavon and The Clement Canopy, have seen strong capital gains over the years. With both projects located near Elta, which also boasts a strategic location, this could be a good indicator of the potential for capital gains in the area.

EdgeProp Singapore offers a suite of property tools that can help owners, buyers, and sellers understand market trends and prices. This includes HDB resale prices, analytics of profitable transactions, and upcoming GLS sites.…

JustCo’s luxury brand, The Collective, has officially launched its first flagship co-working space in Tokyo, as per a press release on Feb 19.

Located in GranTokyo South Tower, a 42-storey skyscraper in Tokyo’s Marunouchi district, the 24,000 sq ft co-working space offers convenient access to Tokyo Station, making it easily accessible for members travelling from Narita or Haneda airports.

Taking inspiration from Tokyo Station, The Collective aims to create a luxurious and welcoming atmosphere for its members. “The Collective is a tribute to the elegance and warmth of a luxury voyage,” says the group.

The space offers a variety of flexible work options, including hot desks, meeting rooms, private suites with 24/7 secured access, and larger enterprise suites with exclusive entrance features and customized workspace designs. All workspaces are outfitted with comfortable Herman Miller Aeron chairs and Benel adjustable desks.

To invest in a condo, securing proper financing is crucial. In Singapore, there are various mortgage choices available, but it’s crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This regulation limits the loan amount that a borrower can obtain based on their income and existing debt commitments. Being knowledgeable about the TDSR, as well as seeking guidance from financial advisors or mortgage brokers, can assist investors in making wise financing decisions and avoiding excessive borrowing.

Members can also enjoy amenities such as the TWG Tea Bar, which provides refreshments throughout the day, and a “wellness sanctuary” where they can take breaks between work. The Collective strives to provide a well-rounded experience for its members, beyond just a place to work.

In addition, The Collective is under the umbrella of JustCo, a homegrown flexible workspace operator, which allows members to access a global network of co-working spaces around the world.

The opening of The Collective’s flagship space in Tokyo marks another milestone for JustCo and their continuous expansion into international markets.

When it comes to investing in Singapore condos, one must take into account the government’s property cooling measures. In order to maintain a stable real estate market and deter speculative buying, the Singaporean government has implemented several measures throughout the years. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which levies higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer investment environment for individuals, including those interested in Singapore Condo.…

The bustling cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art facilities. Condominiums, typically situated in desirable locations, offer a fusion of opulence and practicality that captivates both locals and foreigners. With a plethora of on-site luxuries such as swimming pools, fitness centers, and round-the-clock security, these residences elevate the standard of living and entice prospective renters and purchasers. For investors, these perks translate into elevated rental profits and a steady increase in property worth over time. As a result, condos remain a highly sought-after investment in Singapore.

Located in District 20, CT Pemimpin is a newly launched B1 industrial factory developed by Chiu Teng Group. The renowned developer has established a strong reputation for delivering quality commercial and industrial spaces in Singapore.

CT Pemimpin’s prime location in the central region makes it an ideal site for both companies seeking excellent accessibility and property investors looking for a rare long-term investment option.

The nine-storey partial ramp-up factory offers various communal facilities, including two rooftop pavilions, ideal for outdoor gatherings. It also boasts sustainable features such as rooftop solar panels, two passenger lifts, and a service lift. With 56 strata-titled units and three canteen units, ranging from 5.6m to 7.35m floor heights, selected units on levels one and five also have mezzanine floors. Each unit is equipped with private toilets for the convenience and privacy of occupants.

CT Pemimpin also provides ample parking spaces with a generous one-to-one carpark ratio, including two EV lots. It also has two loading and unloading bays and a lorry park for rigid-frame vehicles of less than 7.5m.

According to ERA Singapore CEO Marcus Chu, the development will attract both property investors and end users. He also points out that industrial properties are not subject to Additional Buyer’s Stamp Duty (ABSD) and offer risk diversification for investors. Additionally, the scarcity of centrally located industrial developments like CT Pemimpin will add to its appeal.

SRI managing partner Ken Low notes that the development’s sleek modern facade and central location make it attractive to a wider range of investors and end users compared to traditional B1 industrial properties. He also highlights the rarity of freehold industrial properties, as most developments have a 30-year or 60-year lease. This factor will make CT Pemimpin a strong investment choice for discerning buyers, including family offices and companies in the information and communications media industry.

Furthermore, as commercial and industrial properties are not subject to ABSD for purchasers, they are particularly appealing to foreign buyers and investors.

When it comes to investing in Singapore condos, considering the government’s property cooling measures is crucial. In order to maintain a stable real estate market and prevent speculative buying, the Singaporean government has implemented various measures over the years. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a safer investment environment. Therefore, investing in a Singapore condo is a wise decision for those seeking a stable and profitable long-term investment opportunity.

CT Pemimpin’s central location offers unparalleled connectivity to all parts of Singapore, making it easily accessible by public and private transport. The industrial estate is only a 5-minute walk from Marymount MRT station (Circle MRT Line), and a 5-minute drive from Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line). Proximity to major expressways such as PIE and CTE also provides easy access by car. In addition, the upcoming North-South Corridor, expected to be completed in phases from 2027, will offer dedicated bus and cycling lanes, reducing travel time from the north into the city.

CT Pemimpin is also close to vibrant neighborhoods like Bishan, Upper Thomson, and Ang Mo Kio, offering a wide range of retail and dining options at popular shopping destinations like Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. The development is also near renowned schools like Raffles Institution, Catholic High School, and Eunoia Junior College, making it convenient for parents to drop off their children before heading to work.

Chiu Teng Group has a strong track record in the industrial and commercial sectors since its establishment in 1999. The developer has delivered numerous well-received industrial projects such as CT FoodNEX in Mandai, CT Foodchain in Pandan Loop, Tagore8 in Upper Thomson, and CT Hub & CT Hub 2 in Kallang, as well as residential projects like The Creek@Bukit in Bukit Timah.

The preview of CT Pemimpin begins on February 21, 2025. Don’t miss out on this rare opportunity to own a freehold industrial space. Contact 8100 8017 or visit Chiu Teng Group to arrange a viewing today.…

Lentor Central Residences, a new residential development comprising of 477 units, will be showcased on February 21st and is expected to open for sale on March 8th. This project is the sixth new launch at Lentor Hills and is jointly developed by Hong Leong Holdings, GuocoLand, and CSC Land.

The development will include two high-rise residential blocks – a 27-storey block and a 28-storey block, offering a mix of one to four-bedroom units ranging from 463 sq ft to 1,399 sq ft. Interested buyers can find out more about available units, as well as prices, for Lentor Central Residences.

When investing in Singapore’s real estate market as a foreigner, it is crucial to be aware of the regulations and limitations that pertain to property ownership. In most cases, foreigners have the freedom to purchase condos without strict restrictions, unlike landed properties that have more rigid ownership rules. However, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this additional cost, the steady and promising growth of the Singapore real estate market remains alluring for foreign investors. Considering its stability and potential, condos continue to attract significant foreign investment.

According to the developers, one-bedroom units will start from $975,000 ($2,110 psf), two-bedroom units from $1.38 million ($2,050 psf), three-bedroom units from $1.81 million ($1,984 psf), and four-bedroom units from $2.37 million ($2,000 psf).

The project boasts of various amenities, including a 50-metre Infinity Edge Pool and a 25-metre Lap Pool, at its landscaped decks. Other features include leisure pools, a resident’s clubhouse, a gym, a tennis court, and a children’s playground.

Betsy Chng, the head of sales and marketing at Hong Leong Holdings, highlights the project’s strategic location near Lentor MRT Station and the Thomson-East Coast Line, making it convenient for residents to travel to the city centre. The development also has easy access to retail and dining options at Lentor Modern and Thomson Plaza, as well as eateries along Upper Thomson Road and Springleaf Estate.

“We believe that the new Lentor Hills neighbourhood is on the brink of significant growth and will soon become one of Singapore’s most sought-after districts for homebuyers,” Chng says. “Together with our partners, we are fulfilling a vision of premium homes at an affordable price, where units are sold based on liveable space.”

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Singapore, being a small and densely populated country, is facing a shortage of land for development. This has led to increased demand for condos in the nation. With limited options for land use and strict regulations, the real estate market in Singapore is highly competitive, causing property prices to rise continuously. This has made investing in real estate, particularly condos, a popular choice for potential buyers looking to gain potential capital appreciation. The Condo market in Singapore is thriving due to the scarcity of land and the ever-increasing population, making it a lucrative investment opportunity.

For families with young children, the development offers a childcare centre within the residence, in addition to other family-friendly amenities. Interested buyers can visit the sales gallery, located at Lentor Hills Road, for more information on the project. They can also check out the latest listings for Lentor Central Residences properties on the website.…

Singapore Realtors Inc (SRI) has recently announced that it has entered into a memorandum of understanding (MOU) with Redbrick Mortgage Advisory to further improve the capabilities of its salespersons. This partnership will see Redbrick provide advanced mortgage strategy training for SRI agents, enabling them to better guide homebuyers on financing options.

According to Redbrick CEO Eugene Huang, this collaboration will empower SRI salespersons to become trusted advisors who can provide tailored financing solutions, allowing buyers to make well-informed decisions. On the other hand, SRI CEO Thomas Tan states that with Redbrick’s expertise and access to real-time mortgage data, SRI agents can now efficiently share up-to-date financing options with their clients.

Aside from training, Redbrick will also provide SRI agents with regularly updated mortgage rate information from over 15 financial institutions. This will enable SRI agents to quickly and accurately present financing options to their clients.

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As a thriving economy with a stable political landscape and high standard of living, it is no surprise that many local and foreign investors are choosing to invest in Singapore Projects. And within the country’s real estate market, condos are standing out as a top choice due to their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages of investing in Singapore Projects, important factors to consider, and necessary steps to take when looking to invest in a condo in Singapore. With all the exciting opportunities available in Singapore Projects, it’s no wonder it has become a highly coveted destination for investors, eager to maximize their investments.

Investing in real estate can be a smart move, but location plays a crucial role in determining the potential return on investment. This is especially true in Singapore, a highly sought-after market for real estate. Condos located in central areas or near important amenities like schools, shopping malls, and public transportation hubs are highly desirable and tend to appreciate in value over time. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. Families also look for condos near top schools and educational institutions, making these areas even more desirable and increasing their investment potential. In addition, keeping an eye on new condo launches, such as New Condo Launches, can provide opportunities for even greater returns on investment.

The partnership between SRI and Redbrick is expected to enhance the overall home buying experience for clients by providing them with comprehensive and timely financing information.…

Singapore, a charming city-state, has caught the eye of numerous international investors in recent times, especially in the real estate sector. However, it is crucial for these investors to have a deep understanding of the regulations that govern property ownership in this country. While purchasing a condominium may have fewer barriers compared to buying a landed property, foreigners are still required to pay a 20% Additional Buyer’s Stamp Duty (ABSD) for their first property acquisition. Despite the added expense, Singapore’s dependable and promising real estate market continues to attract foreign investment, making it a highly sought-after choice for potential buyers. Therefore, it is crucial for foreign investors to familiarize themselves with the regulations and carefully assess the potential benefits before investing in properties, particularly in the thriving condominium sector. Condo should also be considered as a viable option for investment in Singapore’s real estate market.

Frasers Property Singapore has offered for sale the retail podium of Sky Eden@Bedok, as part of an expression of interest (EOI) exercise. With a guide price of $45.2 million, this mixed-use development in Bedok presents an attractive investment opportunity.

Investing in a condo also offers the perk of using the property’s value to leverage for future investments. Some investors utilize their condo as collateral to secure extra funding for new ventures, ultimately broadening their real estate portfolio. This tactic can potentially increase profits, but it’s important to have a solid financial plan in place and carefully consider the potential effects of market changes. Additionally, with the wide range of Singapore Projects available, condo investment can open doors to even more opportunities for growth and diversification. However, it’s essential to thoroughly research and assess the risks involved before making any decisions.

The retail podium comprises 12 strata retail units located on the ground floor, with a combined strata area of approximately 11,193 sq ft. This translates to a guide price of $4,038 psf. The units can be purchased individually, as a portfolio, or in smaller clusters, providing flexibility to potential buyers, according to marketing agent CBRE. The unit sizes range from 398 sq ft to 1,313 sq ft, with prices ranging from $1.91 million to $5.55 million. Additionally, all units have been approved for F&B use.

Situated in Bedok Central, Sky Eden@Bedok is currently under construction and has 158 residential units across two 16-storey towers. The development is conveniently located just a few minutes’ walk from the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange, as well as Bedok Mall.

The project was launched in September 2022, marking the first private residential launch in Bedok Town Centre in a decade. With all units being sold out since then, the development is expected to obtain its temporary occupation permit in the fourth quarter of 2025.

According to CBRE’s head of capital markets for Singapore, Michael Tay, the strata retail units at Sky Eden@Bedok are the first private commercial properties to be offered for sale in Bedok Town Centre. He believes that the development’s attractive price point will appeal to a wide range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B businesses looking to enter the tightly held residential enclave.

The expression of interest for the retail podium will close on April 3 at 3pm. For interested parties, the latest listings for Sky Eden@Bedok properties can be found on Ask Buddy, along with 2 bedroom floor plans, the site plan and diagrammatic chart, recent condo sale transactions in District 16, and a list of projects that have recently obtained TOP. Sky Eden@Bedok has a total of 158 units.

In other news, private home prices in the third quarter of 2022 saw a 3.8% increase, largely driven by properties in the Outside Central Region. With no new project launches, developers sold 437 units in August. The popularity of Sky Eden@Bedok is evident as it achieved a 75% sales rate on its launch day, with an average price of $2,100 psf.…

Condo demand in Singapore is consistently growing due to the scarcity of land. With the rapid growth of the country and strict land usage regulations, the real estate market has become highly competitive, resulting in constantly rising property prices. As a result, investing in real estate, particularly in condos, has become a highly attractive opportunity for significant capital appreciation. Condos provide a lucrative investment option for those looking to profit from Singapore’s thriving real estate market.

When contemplating a condo investment, it is crucial to also evaluate the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can differ significantly based 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, tend to offer better rental yields. It is essential to conduct thorough market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a particular condo. Singapore Projects can also provide useful information about rental yields in specific areas.

The latest round of the Home Improvement Programme (HIP) will benefit over 29,000 HDB flats, according to a press release from the Housing and Development Board (HDB) on Feb 16. A total of $407 million will be allocated for the upgrading works, which will take place in various estates including Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh, and Woodlands.

The HIP was introduced in 2007 to assist flat owners in addressing common maintenance issues that arise due to wear and tear in older flats. Since then, a total of 494,000 flats – nine out of every ten eligible flats – have been selected for the programme. Close to 381,000 flats have already undergone upgrades, according to Minister for National Development Desmond Lee.

Under the HIP, selected flats will undergo essential improvements such as repairing spalling concrete and ceiling leakages due to wear and tear. These essential improvements are fully funded by the government for Singapore citizen households. Additionally, flat owners can opt for optional improvements like upgrades to existing bathrooms and toilets, a new entrance door and grille gate, and a new refuse chute hopper. The cost of these optional improvements is subsidised by the government, with Singapore citizen households paying as low as 5%.

The Enhancement for Active Seniors (Ease) programme has also been included as part of the HIP since 2012. Under this programme, flat owners can choose to install senior-friendly fittings such as grab bars, ramps, and slip-resistant treatment for toilet and bathroom tiles. Up to 95% of the costs are covered by the government for Singapore citizen households.

In total, the government has allocated approximately $4 billion to the HIP and around $150 million to the Ease programme, as of March 31, 2014, according to HDB. With the latest round of the HIP, the government continues to support the upgrading and improvement of HDB flats for the comfort and safety of its residents.…

There is a strata-titled unit available for sale at Bukit Timah Plaza mall. The property has been approved for restaurant use and is a spacious 3,391 sq ft. The asking price for this unit is $9.8 million, which amounts to $2,890 psf. This reflects a 12% discount from the previous listing price of $11 million in the third quarter of 2022. According to Clemence Lee, CBRE’s executive director of capital markets who is marketing the property, the unit is situated in the mall’s basement two and has a 20m frontage facing the central plaza. It is currently fully leased and will be sold within the existing tenancy agreement. The unit has a 99-year lease from 1976, giving it a remaining lease of 50 years.

Investing in a Condo can offer numerous benefits, one of which is the potential to use its value for future investments. Many investors choose to leverage their Condo as collateral in order to secure funding for other ventures, thus expanding their real estate portfolio. Although this approach may lead to higher returns, it is essential to have a solid financial plan in place and carefully consider how market fluctuations may impact the Condo investment. It is also worth noting that this strategy carries its own set of risks and should be approached with caution. Condo can be a valuable addition to any investment plan, but careful consideration and planning are key to success.

Lee also notes that the pricing is similar to the last two transactions for units in the mall’s basement two. In March 2024, a 441 sq ft unit was sold for $1.43 million ($3,240 psf) and an 850 sq ft unit was sold for $2,5 million ($2,940 psf), based on caveats lodged.

Bukit Timah Plaza is a mixed-use development completed in 1979. It consists of a four-storey retail mall and two apartment blocks with 269 residential units at Sherwood Towers. According to CBRE, the mall is one of the most popular destinations in Bukit Timah, known for housing one of the largest Fairprice Finest supermarkets in Singapore, spanning over 44,000 sq ft.

The mall is conveniently located within walking distance of Beauty World and King Albert Park MRT stations, on the Downtown Line. It is surrounded by many private residential developments, with an estimated population of about 37,000. Additionally, it is in close proximity to several educational institutions such as the Singapore Institute of Technology (SIT), Singapore Institute of Management (SIM), Ngee Ann Polytechnic, Methodist Girls’ School, and Pei Hwa Presbyterian Primary School.

The Beauty World area is currently undergoing a rejuvenation, with many new mixed-use, integrated developments such as The Reserve Residences and the redevelopment of the former Bukit Timah Market and Food Centre, expected to be completed in late 2029.

The unit is being offered for sale by expression of interest on March 19. To view the latest listings for properties at Bukit Timah Plaza and Sherwood Towers, please visit our website.

Obtaining financing is a crucial part of investing in a condo. In Singapore, there are various mortgage choices available, but it is essential to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework limits the amount of loan that a borrower can secure, taking into account their income and current debt obligations. To ensure responsible borrowing and avoid over-extending oneself, it is crucial for investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers before making any financing decisions.…