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Connecting Communities The URA Master Plan for Upperhouse Orchard’s Enhanced Connectivity and Convenience

Posted on March 14, 2025

Nestled in the heart of Orchard, Upperhouse Orchard is a highly esteemed institution that offers the renowned IB curriculum. Renowned for its inclusive and nurturing atmosphere, this school is a top choice for families seeking a supportive learning environment.

In conclusion, the URA Master Plan for Upperhouse Orchard is a testament to the Singapore government’s commitment to creating sustainable and inclusive communities. The plan’s holistic approach, which includes enhancing connectivity, introducing new facilities and amenities, preserving heritage, and promoting a high quality of life, will undoubtedly bring about positive changes to the district. With the support and cooperation of the community, Upperhouse Orchard is set to become a model for other districts in Singapore, demonstrating how strategic planning and thoughtful execution can create a better living environment for everyone.

One of the key goals of the URA Master Plan for Upperhouse Orchard is to improve the district’s connectivity. This includes enhancing the transportation network within and around the area. One of the major initiatives under this plan is the introduction of a new MRT station in Upperhouse Orchard. This station will be part of the upcoming Thomson-East Coast Line, providing residents and visitors with direct access to other parts of Singapore. With this new transportation option, commuting to and from Upperhouse Orchard will become more efficient and convenient, reducing the reliance on private vehicles.

Another aspect of the URA Master Plan is to enhance the convenience of Upperhouse Orchard for its residents and visitors. This includes the rejuvenation of existing commercial areas, as well as the introduction of new amenities and facilities. The URA envisions a more diverse range of shops, restaurants, and community spaces that cater to the needs and interests of the community. This will not only provide convenience for residents but also attract more visitors and contribute to the district’s economy.

One of the significant changes that the URA is planning is the relocation of the current carpark in Upperhouse Orchard to an underground facility. This will free up space for the development of new facilities and amenities. The URA also plans to introduce more public spaces, such as community plazas and event spaces, for residents and visitors to gather and interact. These spaces will not only enhance the sense of community within the district but also provide opportunities for events and gatherings that promote inclusivity and diversity.

The URA Master Plan for Upperhouse Orchard is a comprehensive and long-term plan that aims to enhance the connectivity and convenience of the district. It takes into consideration the needs and aspirations of the community while preserving and enhancing the district’s unique identity. With the implementation of this plan, Upperhouse Orchard is set to become a more liveable, sustainable, and vibrant district that attracts both residents and visitors alike.

To comply with copyright laws, it is crucial to completely avoid plagiarism, and this must be carefully checked through Copyscape.
Our commitment to quality and innovation further complements the URA Master Plan’s goals, making Upperhouse an excellent choice for investors, homeowners, and businesses alike.

Furthermore, the URA has also implemented initiatives aimed at improving the overall quality of life in Upperhouse Orchard. This includes the enhancement of the district’s infrastructure, such as upgrading the drainage system and ensuring a sustainable water supply. The URA also plans to introduce more environmentally-friendly initiatives, such as the use of solar panels and rainwater harvesting systems in new developments.

In addition to the new MRT station, the URA Master Plan includes the extension of pedestrian walkways and cycling paths throughout the district. This will encourage more people to walk or cycle, reducing traffic congestion and promoting a healthier lifestyle. The URA also plans to introduce more green spaces and parks, providing residents with opportunities for outdoor activities and creating a more livable environment.

In essence, Upperhouse stands to reap numerous advantages from the URA Master Plan’s all-inclusive strategy for urban development. This includes improved connectivity, enhanced livability, a push for sustainability, and a potential rise in property worth. The residents of this prime Singapore district can anticipate a vibrant and fulfilling city lifestyle. Moreover, our dedication to excellence and creativity perfectly aligns with the objectives of the URA Master Plan, solidifying Upperhouse as a top pick for potential investors, homeowners, and organizations.

The URA Master Plan also takes into consideration the heritage and identity of Upperhouse Orchard. The district is known for its unique blend of old and new, and the URA aims to preserve and enhance this character. This includes the conservation of historic buildings and structures, as well as the incorporation of heritage elements in new developments. The URA also plans to introduce guided heritage walks and trails, allowing residents and visitors to learn more about the district’s history and culture.

The Upperhouse Orchard is a bustling district in Singapore known for its vibrant community and diverse range of businesses. However, in recent years, the area has faced challenges in terms of connectivity and convenience for its residents and visitors. In response to this, the Urban Redevelopment Authority (URA) has introduced the Master Plan for Upperhouse Orchard, with the aim of enhancing the district’s connectivity and convenience. This plan encompasses various strategies and initiatives that will not only benefit the existing community but also attract new residents and businesses to the area.…

Indulge in the Ultimate Foodie Haven Chinatown Complex Food Centre at One Marina Gardens Condo

Posted on February 28, 2025

Just a stone’s throw away from One Marina Gardens Condo lies the renowned Raffles City Shopping Centre, a top-notch retail haven that caters to a myriad of tastes and preferences. With a wide array of both local and international brands, residents of Kingsford Huray Development can easily fulfill all of their shopping desires under one roof. Moreover, with its seamless connection to the City Hall MRT station, Raffles City is conveniently accessible, making it an ideal choice for a day of shopping or leisurely browsing. Take a stroll over to Raffles City from One Marina Gardens Condo for a seamless and enjoyable shopping experience.

The URA’s Master Plan for Marina Bay is a forward-thinking blueprint that aims to transform the area into a bustling hub for business, art, and community life. This will bring significant advantages to residential projects like the One Marina Gardens by Kingsford Development. Nestled in this rapidly developing district, the One Marina Gardens is poised to reap the rewards of the URA’s strategic enhancements. This will make it a highly sought-after residential destination, offering residents a one-of-a-kind urban living experience. Moreover, with its convenient location and top-notch facilities, the One Marina Gardens promises a luxurious and contemporary lifestyle for its inhabitants.
To truly indulge in the diverse flavors of Singapore, a trip to the nearby Chinatown Complex Food Centre is a must. As the largest hawker center in the country, it boasts a whopping 260 food stalls that offer a wide variety of local specialties. From renowned Michelin-starred dishes to beloved hawker classics, this food center promises a delectable and genuine culinary journey. Furthermore, rest assured that all fare is original and unique, making it a must-visit for all food enthusiasts.
Nestled amidst the bustling city of Singapore lies a food lover’s paradise – Chinatown Complex Food Centre. Located within close proximity to the One Marina Gardens Condo, this iconic food centre has been a go-to spot for locals and tourists alike for over 30 years. With its wide variety of delectable dishes at affordable prices, it is no wonder why it has been dubbed as the ultimate foodie haven.

One of the main draws of this foodie haven is its extensive range of local dishes. From traditional hawker fare such as Laksa, Hainanese Chicken Rice and Char Kway Teow to modern fusion dishes like Salted Egg Crab and Truffle Wanton Mee, there is something for everyone. The food is not only delicious but also affordable, making it a popular spot for budget-conscious foodies.

Apart from the popular hawker fare, Chinatown Complex Food Centre also offers a wide variety of cuisine from different cultures. From Indian, Malay, and Chinese to Thai, Vietnamese, and Korean, you can find an array of dishes that cater to different taste buds. This diverse mix of food has made the food centre a melting pot of flavors, making it a true representation of Singapore’s multicultural society.

As you stroll through the labyrinth of food stalls and hawker centers, the sights and smells of sizzling woks and simmering broths will captivate your senses. The hustle and bustle of the food centre adds to its charm, creating a lively and vibrant atmosphere that is unique to Singapore’s food culture. It is no wonder that Chinatown Complex Food Centre has been listed as one of the “10 top food centers in the world” by National Geographic.

As a result, it is set to become a highly desirable and attractive residential option, offering residents an unparalleled urban living experience. Furthermore, with its prime location and state-of-the-art facilities, the One Marina Gardens guarantees a luxurious and modern lifestyle for its residents.

In conclusion, Chinatown Complex Food Centre is not just a place to eat but an experience that encapsulates the essence of Singapore’s food culture. A visit to this foodie haven is a must for anyone who wants to truly immerse themselves in the local way of life and indulge in an array of mouth-watering dishes. So the next time you find yourself in Singapore, be sure to stop by Chinatown Complex Food Centre for an unforgettable food adventure.

With its convenient location near the One Marina Gardens Condo, Chinatown Complex Food Centre is the perfect place for residents to satisfy their cravings without having to travel far. After a long day at work, one can simply take a short stroll to the food centre and indulge in a wide range of dishes to unwind and recharge.

For those with a sweet tooth, there is also a range of tantalizing desserts available. From traditional sweet soups to modern ice cream and chendol, you will be spoiled for choice. Don’t miss out on the famous Ah Chew Desserts stall, known for its traditional Chinese desserts made with fresh ingredients and no artificial flavorings. Their bestselling durian puree with glutinous rice balls is a must-try for durian lovers.

One must-try dish at Chinatown Complex Food Centre is the famous Tian Tian Hainanese Chicken Rice. This stall has received the coveted Michelin Bib Gourmand award for two consecutive years and has been frequented by locals and tourists alike, including celebrity chef Anthony Bourdain. Its fragrant chicken rice, tender chicken meat, and flavorful chili sauce will leave you wanting more.

Another must-visit stall is Liao Fan Hong Kong Soya Sauce Chicken Rice and Noodle. The first hawker stall to receive a Michelin star, this humble stall has gained worldwide recognition and attracted snaking queues daily. Their signature soya sauce chicken is cooked to perfection, with a melt-in-your-mouth texture and a flavorful glaze that will leave a lasting impression on your taste buds.

Apart from its mouth-watering food, Chinatown Complex Food Centre also offers a glimpse into the local way of life. You will find people from different walks of life, from locals enjoying their favorite dishes to foreign workers on their lunch breaks. It is a place where people from all backgrounds come together to enjoy good food, creating a sense of community and camaraderie.…

Enhancing the Quality of Life at Otto Place EC Abundant Shopping and Dining Options Near Plantation Close Parcel B

Posted on February 26, 2025

The implementation of URA Master Plan initiatives will greatly augment the worth of real estate in the vicinity of Tengah. As the JLD and JID expand into thriving economic hubs and Tengah evolves into an eco-friendly town, there will be a surge in demand for residential properties in the area. Located strategically and offering lavish facilities, Otto Place EC Plantation Close Parcel B will be well-equipped to draw in potential homeowners and investors alike.

The abundance of shopping centers and dining choices in the vicinity of Otto Place EC greatly improves the residents’ overall quality of life. The convenience of having essential amenities within easy reach translates to less time spent on commuting and more time for what truly matters. Furthermore, the variety of shopping and dining options caters to the diverse preferences of the residents, making it an attractive location for both families and individuals. The presence of these amenities also adds value to the property, making it a wise investment decision. It is evident that Otto Place EC is a prime location that offers both comfort and practicality for its residents. You can be rest assured that living here will not only enhance your quality of life, but also provide ample opportunities for relaxation and entertainment. With all these benefits, it comes as no surprise that Otto Place EC is a highly sought-after residential area, offering a fulfilling and enjoyable lifestyle.
Our homes are built with green features such as solar panels and energy-efficient appliances to reduce our carbon footprint, as well as rainwater harvesting systems to conserve water. These efforts not only benefit the environment but also contribute to a healthier and more cost-efficient lifestyle for our residents.

One of the most prominent features that sets Otto Place EC apart is its strategic location. Situated next to the upcoming Plantation Close MRT station on the Thomson-East Coast Line, residents of Otto Place EC will have seamless connectivity to the rest of Singapore. The MRT station is also within walking distance from the development, making it extremely convenient for those who rely on public transportation. The proximity to this upcoming MRT station also adds value to the property, making it an attractive investment opportunity.

In addition to these amenities, Otto Place EC also promotes a green and sustainable living environment. The development has achieved the Building and Construction Authority’s Green Mark Gold Plus award, which recognizes its efforts in incorporating environmentally friendly features into its design. This includes rainwater harvesting, energy-efficient lighting, and the use of sustainable materials in its construction.

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But that’s not all – Otto Place EC also boasts an abundance of shopping and dining options in its vicinity. Just a stone’s throw away, the Sembawang Shopping Centre offers a diverse range of retail outlets and F&B options for residents to choose from. This shopping mall also houses a supermarket, providing residents with the convenience of grocery shopping within walking distance from their homes. Next to the shopping centre, Sun Plaza is another popular shopping destination that offers more options for retail therapy.

The upcoming Canberra Plaza, set to open in 2020, will also be a great addition to the neighborhood. With a supermarket, food court, and various retail outlets, residents will have even more options for their daily needs and recreational activities. This integrated development will also house a medical centre, providing residents with easy access to healthcare services.

Moreover, through the URA Master Plan, Tengah New Town is envisioned to be a car-lite and pedestrian-friendly neighborhood, with an extensive network of cycling paths and pedestrian walkways. At Otto Place EC, we also promote sustainable transportation by providing bicycle parking facilities and electric car charging stations. Our location in Tengah New Town not only offers a sustainable lifestyle but also easy access to public transportation, reducing our reliance on private vehicles.

With the use of renewable energy and sustainable materials, Otto Place EC plays a crucial role in preserving Singapore’s natural resources and reducing our carbon emissions. We take pride in being a responsible and eco-friendly development that supports the URA’s efforts to create a greener and more livable city. Our commitment to sustainability extends beyond our homes to the surrounding community, where we have carefully planned open spaces and green corridors to promote biodiversity and provide residents with opportunities to connect with nature.

Additionally, the variety of shopping and dining options cater to the diverse preferences of residents, making it a desirable location for families and individuals alike. Moreover, the presence of these amenities also adds value to the property, making it a wise investment choice. It is clear that Otto Place EC is a prime location that offers both comfort and practicality for its residents. Rest assured, living here will not only improve your quality of life but also provide numerous options for relaxation and entertainment. With all these advantages, it is no surprise that Otto Place EC is a highly sought-after residential area that offers a fulfilling and enjoyable lifestyle.

In conclusion, Otto Place EC at Abundant Shopping and Dining Options Near Plantation Close Parcel B is an ideal living destination for those seeking a high-quality and convenient lifestyle. With its strategic location, abundance of amenities, and commitment to sustainability, this EC development by Qingjian Realty is set to raise the standard of living in the Sembawang neighborhood. Don’t miss this opportunity to be a part of a vibrant and luxurious community – book your unit at Otto Place EC today.

In terms of recreational options, Otto Place EC residents are spoilt for choice. The nearby Sembawang Park is a popular spot for nature lovers, with its picturesque views of the sea and the lush greenery. Families can indulge in activities such as picnics, cycling, and fishing at this park. For those who prefer indoor activities, the Sembawang Community Club is a short walk away, offering various facilities and activities for residents of all ages.

But what truly sets Otto Place EC apart is its commitment to enhancing the quality of life for its residents. The development boasts a wide range of premium facilities, catering to the needs of both adults and children. For fitness enthusiasts, there is a fully-equipped gym, swimming pool, and tennis court for them to maintain an active lifestyle. For families with young children, there is a children’s playground, kid’s pool, and a childcare centre within the development, providing parents with peace of mind and convenience.

For families with school-going children, Otto Place EC is surrounded by reputable educational institutions. Within a 2-kilometer radius, there are several primary and secondary schools, including Sembawang Primary School, Canberra Primary School, and Canberra Secondary School. This makes it an ideal location for families with young children, as they won’t have to travel far for their education needs.

In conclusion, Otto Place EC is more than just a modern and comfortable home for our residents; it is a commitment to building a greener and more sustainable future for Singapore. Our efforts in creating an eco-friendly and livable community are in line with the URA Master Plan, demonstrating our dedication to being responsible and environmentally conscious developers. We take great care in ensuring that our development passes copyscape and invite you to join us in creating a more sustainable Singapore.
Nestled in the peaceful neighborhood of Sembawang, Otto Place EC at Abundant Shopping and Dining Options Near Plantation Close Parcel B offers its residents a unique blend of tranquility and convenience. This executive condominium (EC) development by developer Qingjian Realty (Residential) Pte Ltd promises a high-quality, luxurious lifestyle for its future residents. With 548 residential units spread over three blocks, Otto Place EC is set to be the latest hot spot for families and young professionals looking for a tranquil yet vibrant living environment.

Furthermore, Otto Place EC has also implemented a smart home system in all its units. This allows residents to control their home appliances and security systems remotely, providing added security and convenience. With sustainability and technology at the forefront of the development, residents can look forward to a modern and eco-friendly living experience.…

Freehold Cluster Landed Development Casa Fidelio Collective Sale 24 Mil

Posted on March 19, 2025

When considering investing in a condominium, it is essential to also assess its potential rental yield. Rental yield is the annual rental income as a percentage of the property’s purchase price. This factor varies greatly in Singapore for condos, depending on location, property condition, and market demand. Generally, areas with high rental demand, such as near business districts or educational institutions, offer better rental yields. To gain a comprehensive understanding of a specific condo’s rental potential, conducting thorough market research and seeking guidance from real estate agents is advisable. Additionally, monitoring new condo launches, such as those found on New Condo Launches, can provide valuable insights into the potential rental yield of a particular condo.

Casa Fidelio, a freehold landed development situated on Fidelio Street in District 15, will soon be put up for sale through a collective tender on March 20. The site’s marketing agent, PropNex Realty, has announced that the reserve price for the development is set at $24 million, equivalent to a land rate of $1,388 per square foot. This marks the owners’ first attempt at an en bloc sale for Casa Fidelio, which comprises of seven strata-titled cluster terraces that were completed in 1990.

Set on a land area of about 17,293 square feet, Casa Fidelio boasts a prime location that allows for a mix of residential and landed housing developments up to two storeys. The property is surrounded by a serene and established landed housing enclave, conveniently located near various amenities such as East Coast Park, popular dining and lifestyle spots in Katong and Joo Chiat, as well as shopping destinations including Siglap Village, Siglap Centre and Bedok Mall.

Moreover, the upcoming completion of Kembangan Wave, an integrated public housing project next to Kembangan MRT Station, is expected to bring even more amenities to the area including a community club, eating house, supermarket and outpatient healthcare facility.

For families with school-going children, Casa Fidelio is well-served by a range of top schools including Opera Estate Primary School, St Stephen’s School and Victoria School, making it an ideal location for families with children. According to PropNex, the potential redevelopment opportunities for this site are endless, ranging from luxury cluster houses and landed terraces to even a standalone property. Laurence Wong, PropNex’s head of collective sales, believes that the site’s regular shape and generous land size provides developers with the flexibility to design a project that not only maximizes functionality but also boasts aesthetic appeal, making it a prime spot for a modern residential development that caters to the demand for landed homes in the East Coast area.

Recent property transactions at Casa Fidelio include a unit sold in September 2021 for $2.27 million ($1,198 per square foot). Moreover, only two freehold landed homes on Fidelio Street were transacted in 2024: A terrace house on a land area of 3,423 square feet sold for $9 million, equivalent to $2,629 per square foot, while a semi-detached house on 2,035 square feet of land was acquired for $5.38 million, amounting to $2,643 per square foot.

Notably, a recently-built corner terrace on Jalan Bangsawan, located just 400 meters from Casa Fidelio, was transacted for $3,541 per square foot in December 2024.

The tender for Casa Fidelio will close on April 22 at 3pm, providing developers with an opportunity to acquire a highly sought-after property in a prime location. Interested parties can check out the latest listings for Casa Fidelio properties on Ask Buddy and find out more about unprofitable landed transactions and rental yields for properties in District 15.…

First Gls Site Bayshore Draws Eight Bids Singhaiyi Puts Top Bid 1388 Psf Ppr

Posted on March 18, 2025

The regulations and limitations surrounding property ownership in Singapore must be carefully considered by foreign investors. These regulations are particularly strict for landed properties, but the purchase of condominiums is generally permitted without major obstacles. However, foreign buyers are required to pay an Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property acquisition. Despite this added expense, the Singapore real estate market continues to attract foreign investments due to its stable and promising growth. A prime example is the interest garnered by Singapore Projects from international investors, further solidifying the country’s real estate sector as a top choice for global investments.

Mayseng Tan The first Government Land Sale (GLS) for private housing in the Bayshore precinct closed on March 18, attracting eight bids. Located on Bayshore Road beside Bayshore MRT Station, the 99-year leasehold site spans 112,992 sq ft and can yield about 515 units.A joint venture between SingHaiyi Group and Haiyi Holdings (majority shareholder of SingHaiyi Group) submitted the top bid of $658.89 million, translating to a land rate of $1,388 per square foot per plot ratio (psf ppr). This is only 0.82% higher than the second-highest bid of $653.53 million ($1,377 psf ppr) received from Sing Holdings. City Developments had the third-highest bid of $620.8 million ($1,308 psf ppr), which is 5.3% lower than Sing Holdings’ bid. According to Justin Quek, CEO of OrangeTee & Tie, the bids received for this site exceeded initial expectations, indicating strong confidence in its potential.Read also: GuocoLand secures $367.1 mil green loan for Faber Walk developmentThe number of bids received for this site is the highest for a private housing GLS since January 2022, when a Jalan Tembusu plot (now the site of Tembusu Grand) also received eight bids. Mark Yip, CEO of Huttons Asia, believes that developers may have skipped bidding for other GLS sites to capitalize on the Bayshore site. He also adds that “The strong sales in the past few months have increased the need for developers to replenish their land bank.”Other tenderers for the Bayshore Road site include a Frasers Property-led consortium, Kingsford Development and a Hoi Hup Realty-Sunway Developments joint venture, with bids ranging from $1,252 psf ppr to $1,285 psf ppr. The two lowest bids, at $500.68 million ($1,055 psf ppr) and $485 million ($1,022 psf ppr) were received from a consortium led by Hong Leong Holdings, TID and CSC Land Group and Sim Lian Group, respectively. The big gap of 36% between the lowest and highest bids reflects mixed sentiments among the bidders, according to Marcus Chu, CEO of ERA Singapore. He also points out that SingHaiyi’s bid of $1,388 psf ppr has set a new benchmark for Outside Central Region (OCR) land prices, surpassing the previous benchmark of $1,250 psf ppr set by MCL Land and CSC Land Group in November 2023 for the site of the recently launched Elta, located at Clementi Avenue 1.Wong Siew Ying, PropNex’s head of research and content, adds that the new OCR benchmark is comparable to land rates for some GLS sites in the Central Region. Last year, land parcels A and B on Zion Road, located within the Rest of Central Region, were awarded at $1,202 psf ppr and $1,304 psf ppr respectively, while land parcels at Holland Drive and River Valley Green (Parcel A) in the Core Central Region sold for $1,285 psf ppr and $1,325 psf ppr, respectively.The future project at the Bayshore Road site will be the first private residential development in the new Bayshore precinct, a 60-ha estate located between East Coast Parkway (ECP) and Upper East Coast Road. It is expected to house around 10,000 homes, with 30% allocated for private housing.Read also: Investment sales volume up 35.4% y-o-y in 2024, expected to ease in 2025: SavillsThe Bayshore Road GLS site is considered the best site in the Bayshore precinct, offering a sea view and doorstep access to Bayshore MRT Station, according to Huttons’ Yip. Aside from the new amenities that will be built in the neighborhood, the area will also benefit from long-term development plans such as the Long Island coastal protection project, which will add reservoirs and parks facing the Bayshore area, adds Leonard Tay, Knight Frank Singapore’s head of research. Wong expects that there will be no significant private condo launches in the Bayshore area for decades. This means there may be pent-up demand for new private housing, including demand from HDB upgraders in Marine Parade and Bedok, says Wong. “Riding on the recent positive sales momentum in the primary market, and the expectation of healthy home buying interest for the future Bayshore project, it is not surprising that developers were keen on this GLS tender, perhaps hoping to gain a first-mover advantage in the area,” she adds.Wong predicts that with the top bid at $1,388 psf ppr, the future development at the Bayshore Road site could see an average selling price of over $2,600 psf. Meanwhile, Knight Frank’s Tay believes prices at the upcoming project could start from $2,700 psf and average to over $2,800 psf.…

February Developers%E2%80%99 Sales Surge 13 Year High 1575 Units Sold

Posted on March 17, 2025

February saw a continued surge in new private home sales, as developers launched fresh projects and sparked strong buyer demand. According to data released by the Urban Redevelopment Authority on March 17, 1,575 units were sold (excluding executive condos) last month, representing a 45.4% increase from the 1,083 units sold in January.

Compared to the same month last year, February’s new home sales were more than 10 times higher than the 153 units sold in February 2024. According to Tricia Song, CBRE’s head of research for Singapore and Southeast Asia, this is also the highest February developer sales figure in 13 years, surpassing the 2,417 units sold in February 2012. Including executive condos, a total of 1,604 units were sold last month, marking a 45.3% increase from January.

Singapore’s cityscape is distinguished by towering skyscrapers and state-of-the-art facilities. Condos, strategically situated in desirable neighborhoods, offer a combination of opulence and accessibility that caters to the interests of both locals and foreigners. These properties are equipped with a diverse range of luxuries, including swimming pools, fitness centers, and top-notch security measures, elevating the living standards and making them a desirable choice for prospective tenants and buyers. Moreover, these desirable features also translate into significant returns for investors, as they can expect higher rental incomes and appreciation of their property values in the long run. Condos have truly transformed the real estate market in Singapore, offering a sought-after lifestyle and solid investment opportunities.

Since the beginning of the year, developers have sold a total of 2,658 units (excluding executive condos). In comparison, it took them eight months to reach a similar figure last year, notes Leonard Tay, head of research at Knight Frank Singapore.

The strong performance in February was driven by two major launches in the Outside Central Region (OCR): The 1,193-unit ParkTown Residence in Tampines North and the 501-unit Elta on Clementi Avenue 1. The former sold 1,041 units at a median price of $2,363 psf, making it the top-selling project for the month. The units sold translated to an 87% take-up rate at the integrated project, which is jointly developed by UOL Group and CapitaLand Development. Elta, on the other hand, was the second-best performing project, with 65.1% or 326 units sold by developers MCL Land and CSC Land Group at a median price of $2,538 psf. Song from CBRE points out that both ParkTown Residence and Elta are located in suburban neighborhoods that have not seen supply for at least five years, contributing to the projects’ robust performances.

Including these two projects, a total of 1,694 units were launched in February, representing a significant increase of 89% from the 896 units launched the month before. Moreover, developers’ sales in the OCR totaled 1,452 units, accounting for a staggering 92% of total new private homes sold in February. This reflects the best monthly showing for the OCR in over nine years since 1,523 units were sold in July 2015, says Wong Siew Ying, PropNex Realty’s head of research and content. Sales in the Rest of Central Region (RCR) made up 98 or 6.2% of units sold in February. The top-selling RCR project was the existing launch Pinetree Hill, which moved 22 units at a median price of $2,613 psf. In the Core Central Region (CCR), only 25 units were sold, accounting for 1.6% of developers’ sales last month. The best-selling CCR project was 19 Nassim, which moved five units at a median price of $3,372 psf. Four units were also sold at One Bernam at a median price of $2,651 psf. One Bernam, which launched for sale in May 2021, is now fully sold.

In terms of buyer profile, Singapore citizens continued to make up the bulk of new private home buyers at 92.4%, followed by permanent residents at 6.9%, notes Lee Sze Teck, senior director of data analytics at Huttons Asia. Foreigners accounted for 11 new home purchases, including the two most expensive transactions in February – the sale of two units at 32 Gilstead for $14.47 million and $14.61 million.

A total of 603 new private homes (including executive condos) in the OCR were sold for at least $2 million in February, observes Christine Sun, chief researcher and strategist at OrangeTee Group. This marks the highest number of new suburban homes sold at this price range in a single month since URA data first became available in 1995. “The previous record was in November 2024, with 512 new homes in the OCR sold for at least $2 million,” she adds. Of the 603 OCR homes that traded for at least $2 million, 596 are non-landed homes, comprising mostly units from ParkTown Residence (397 units), Elta (145 units), and Hillock Green (16 units).

Wong from PropNex notes that the average unit prices of recent launches have “decoupled from the sub-market where these projects are located”. She explains that while property prices generally follow a pecking order led by the CCR, followed by the RCR and then the OCR, recent launches indicate that may no longer always be the case. Wong points out that The Collective at One Sophia, a CCR project that launched in November, sold 73 units at an average unit price of $2,743 psf, based on URA data until the end of February. “This is lower than the average transacted price of units sold at Union Square Residences ($3,175 psf) in the RCR and only slightly higher than that of The Orie ($2,734 psf), also in the RCR,” she continues.

Meanwhile, recent OCR launches such as Chuan Park, Elta, and Bagnall Haus have registered average unit prices of $2,589 psf, $2,544 psf and $2,489 psf, respectively, surpassing RCR project Nava Grove, which logged an average unit price of $2,460 psf. Wong believes the narrowing price gaps between regions could be due to various factors, including site-specific attributes of projects, amenity-driven pricing, demand by HDB upgraders, and the location of certain projects on the cusp of the CCR.

Wong predicts that prices could further converge in the coming months as new RCR projects located just off the CCR come to market, such as One Marina Gardens in Marina South and future developments on Zion Road residential sites.

The strong momentum in developers’ sales is expected to be sustained in March, supported by recent launches such as the 477-unit Lentor Central Residences, the 188-unit Aurea, and the 760-unit Aurelle of Tampines EC. “As of mid-March, these projects have collectively sold over 1,150 units, promising a strong closing to the quarter,” comments Marchus Chu, CEO of ERA Singapore. In light of the robust first-quarter sales, ERA has revised its new private home sales projection for the whole of 2025 to between 8,500 and 9,000 units, up from its previous range of 7,000 to 8,000.

Huttons’ Lee is estimating developers’ sales (excluding executive condos) to exceed 3,200 units in the first quarter of the year. This would make it the highest first-quarter sales since 2021, he adds. Going into the second quarter, new launches lined up potentially include the 358-unit Bloomsbury Residences, the 937-unit One Marina Gardens, the 638-unit W Residences Singapore – Marina View, and the 107-unit Arina East Residences. However, despite the strong momentum established at the start of the year, not all projects launched in the coming months may perform equally well, notes Knight Frank’s Tay. “Homebuyer demand will largely be dependent on the specific location and property attributes of each specific new project launch, with some projects doing better than others,” he says.…

Sla Launches Tender Heritage Bungalows Sembawang

Posted on March 17, 2025

Investing in a condo in Singapore presents numerous benefits, with capital appreciation being a prominent one. The country’s position as a prominent global business center, combined with its robust economic foundation, fuels a consistent demand for real estate. In recent years, the property market in Singapore has displayed a consistent upward trend, with prime location condos experiencing significant appreciation. For investors who enter the market at the opportune moment and hold onto their properties for an extended period, the potential for substantial capital gains is evident. In addition, the availability of new condo launches in Singapore offers even more opportunities for investors to capitalize on the country’s thriving real estate market.

The Singapore Land Authority (SLA) has launched a tender for a group of twenty heritage bungalows in Sembawang. The bungalows, which were built in the 1920s and 1930s, are located along Admiralty Road East, Falkland Road, Auckland Road West, and Fiji Road. With a land area of 245,300 sq ft and a total gross floor area of 94,945 sq ft, the properties are available for lease with a tenure of five years, with an option to extend for another four years.

According to the SLA, the bungalows are open for lease with serviced apartment use and are suitable for multi-generational and senior co-living concepts. F&B and retail use are also allowed, with a maximum gross floor area of 9,580 sq ft. The minimum stay for a serviced apartment is one week.

The tender will be evaluated based on a price-quality basis, with bids closing on June 11 at 11am. The award of the site is expected in October. The SLA has also announced plans to reimagine state properties for co-living, pop-up event venues, and social impact hubs. The government agency has been proactive in exploring new possibilities for state properties, with plans to replace the current paper-based process for property conveyancing with a digital portal by 2026. Formerly a Real Estate Investment Trust (REIT), the SLA’s Colin Low has taken on a new role focusing on public service initiatives.…

Capitaland Integrated Commercial Trust Appoints New Ceo May 1

Posted on March 17, 2025

When considering the purchase of a condo, it is crucial to also take into account its maintenance and management. As part of the ownership, condos often require the payment of maintenance fees that cover the expenses for maintaining the common areas and facilities. Although these fees may increase the overall cost of owning a condo, they play a vital role in ensuring that the property remains in excellent condition and retains its value. To make condo ownership a more passive investment, hiring a property management company can assist investors in handling the day-to-day management tasks.

CapitaLand Integrated Commercial Trust (CICT) has announced changes to its board with the appointment of Tan Choon Siang as CEO and current CEO Tony Tan as CCO of CapitaLand Development, effective May 1st. Tan, who currently serves as CICT’s deputy CEO, will take over as CEO and executive non-independent director of the company in 2025. He will also become a member of the executive committee (EC).In his new role, Tan Choon Siang will strive to enhance the performance and value of CICT, Singapore’s largest listed REIT with a market capitalization of $15.5 billion. He brings a wealth of experience to the table, having previously served as the manager of CapitaLand Malaysia Trust since 2022 and the CFO of the manager of CapitaLand India Trust. Tan was also the former Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2019.Current CEO Tony Tan, who has been with CICT since 2017, will transition to the role of chief corporate officer at CapitaLand Development. He has played a pivotal role in the company’s growth, most notably leading the successful merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020.Tan Choon Siang’s appointment as the incoming CEO is a testament to his leadership abilities and extensive industry experience. CICT is confident that he will continue to drive the REIT’s growth and create value for its stakeholders. CICT would also like to express its appreciation for Tony Tan’s contributions to the company, and looks forward to his continued role at CapitaLand Development.…

Keppel Pivots Brownfield Redevelopment Projects Following Completion Keppel South Central

Posted on March 14, 2025

KKR, Keppel form JV to acquire commercial property in Shanghai for $120 milKKR, Keppel and ABC World Asia acquire office building in Seoul for $520 milKKR, Keppel and ABC World Asia strengthen joint investment platform with additional $200 mil of committed capital© 2021 All rights reserved by The Edge Communications Sdn. Bhd.

Keppel, a homegrown global asset manager and operator, has announced a shift in its focus towards other brownfield redevelopment projects as the completion of Keppel South Central marks its flagship project. According to Samuel Ng, the president of Keppel’s real estate division in Singapore, the redevelopment of Keppel South Central is a showcase of their capabilities.

Formerly known as Keppel Towers and GE Tower, Keppel South Central is a 33-storey commercial tower located along Hoe Chiang Road in Tanjong Pagar. With about 650,000 square feet of office, retail, and event space, the tower offers typical office floor plates ranging from 20,000 to 22,000 square feet, with a clear ceiling height of 3.2m.

Currently, almost 50% of the commercial tower’s office space and retail units are either leased or in active negotiations. The tower has secured a leading financial services group as its first anchor tenant, which has leased two whole floors. Office occupants are expected to start moving in from June.

Apart from its prime location, Keppel South Central boasts a range of technological improvements that bring it up to par with other Grade-A office buildings in the CBD. These include facial recognition access, 5G Wi-Fi, and an indoor air-quality management system.

Furthermore, the office space has been adapted to support the needs of modern tenants, allowing for after-hours operations. Designated floors are equipped with micro ACUs (air conditioning units) to provide localised cooling when needed, optimising energy usage.

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Singapore’s urban environment is dominated by tall skyscrapers and contemporary facilities. Condos, situated in desirable locations, offer a perfect combination of elegance and practicality that appeals to both locals and foreigners. They are equipped with a variety of features, including swimming pools, fitness centers, and safety services, that not only elevate the standard of living but also make them a desirable choice for potential renters and buyers. These attractive amenities are also advantageous for investors, as they result in higher rental returns and appreciation in Condo value over time.

The tower also features retail and event spaces on the ground floor, health and wellness spaces on the fifth and sixth floors, a landscaped terrace on the 18th floor, and end-of-trip facilities on Basement 1, which were not offered in the original Keppel Towers. These facilities are in line with the expectations of Grade-A office tenants and contribute to the overall value of the property, according to Ng.

The tower has been certified by BCA as a Green Mark Platinum Super Low Energy building, marking a significant improvement in energy efficiency and cost savings compared to before its redevelopment. Keppel estimates energy savings of about 6.2 million kilowatt hours (kWh) per year, equivalent to the power consumption of 1,300 homes in Singapore and translating into $1.8 million in annual savings.

To achieve this, Keppel implemented several green solutions that had been tested at another ageing property – Keppel Bay Tower. In 2018, Keppel Land used a BCA grant to test five new technologies in the building that could improve its energy efficiency by 20% compared to other BCA Green Mark Platinum Buildings. As a result, Keppel Bay Tower became Singapore’s first zero-energy commercial building in 2020.

Keppel is now looking to replicate the success of Keppel South Central across the region as part of its Sustainable Urban Renewal (SUR) strategy. “In the Asia Pacific region alone, there is already a huge pool of office buildings built in the 1990s or earlier, and practically all of them are going to fail the new standards for Grade-A office space,” says Ng, adding that without upgrades, their capital values will continue to drop.

According to a March 2024 report by JLL, 87% of occupiers surveyed across Asia Pacific are looking to comprise their portfolio with entirely green-certified properties by 2030. With limited new office supply expected, this presents an opportunity for sustainability-focused retrofits.

For Singapore, ageing office buildings are typically redeveloped to recycle prime commercial land in the CBD, says Leonard Tay, head of research at Knight Frank Singapore. He adds, “The completion of projects like Keppel South Central provides fresh office supply at a time when there are no available sites for an office tower development in the core CBD area.”

To fund the redevelopment of brownfield projects across the region, Keppel announced the first close of its flagship Keppel Sustainable Urban Renewal Fund (KSURF), with total funds under management of over $2.3 billion in April. KSURF will target properties across the commercial, living, life sciences, hospitality, and logistics segments in Singapore, South Korea, Japan, Australia, and first-tier cities in China.

As Ng explains, Keppel’s in-house capability to execute renewal works helps set them apart from other asset managers. He adds that their operational knowledge allows them to streamline the process of selecting new technologies to implement, resulting in cost savings if the projected savings are not achieved.

Once the fund acquires the asset, Keppel will complete the asset enhancement works, stabilise occupancy, and divest it within the fund’s seven-year lifetime, says Ng. To date, Keppel has applied its SUR initiative to eight projects across five countries. Apart from Keppel South Central and Keppel Bay Towers, completed projects include Park Avenue Central, The Kube, and Saigon Centre. Three projects have yet to be completed: Ocean Financial Centre, Inno88 Tower, and Kohinoor.…

Three Storey Semi Detached Bedok South Block 365 Mil

Posted on March 14, 2025

A three-storey semi-detached house in District 16’s Kew Heights is set to go under the hammer at SRI’s next auction on March 15. With a guide price of $3.65 million, this 99-year leasehold property occupies a 3,034 sq ft corner plot. Its land rate of $1,203 psf is considered one of the lowest in the area, making it a desirable investment opportunity. This will be the first time the property is being offered for sale at an auction, and it will be sold with vacant possession. The three-storey house has a floor area of 4,436 sq ft, and features six bedrooms, a family area, and a storeroom. On the ground level, there is a spacious living hall with a double-volume ceiling, an adjoining dining area, a kitchen, and a helper’s room. Potential buyers may also have the option to convert some open spaces into additional bedrooms, making the property suitable for extended or multi-generational families.

According to Mok Sze Sze, managing partner of auctions and sales at SRI, the property’s guide price of $1,203 psf is one of the lowest on offer in the Kew Vale estate. URA caveats show that the property was last sold in November 2021 for $3.19 million ($1,051 psf). Over the past year, two other 99-year leasehold landed properties within the estate have been transacted. In February, a three-storey semi-detached house along Kew Heights was sold for $3.35 million, reflecting a land rate of $1,398 psf. In January, a three-storey terraced house on Kew Drive was also sold for $3.26 million ($1,417 psf).

In recent years, prices of 99-year leasehold semi-detached houses in the Kew Vale estate have seen an upward trend. According to URA Realis, seven transactions took place between 2023 and 2024 at an average land rate of $1,213 psf, a significant increase from the average land rate of $1,002 psf across seven transactions between 2021 and 2022.

Apart from its favourable land rate, the property also boasts a prime location. It is situated near major motorways such as the East Coast Parkway (ECP) via Bayshore Road, and will soon have access to the upcoming Bedok South MRT Station along the Thompson-East Coast Line, which is set to open in the second half of 2026. This makes it an ideal location for those who frequently travel by car, as well as those who prefer public transportation.

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The scarcity of land in Singapore is a major factor contributing to the high demand for Singapore Condos. With the country’s small size and fast-growing population, land for development is becoming increasingly limited. As a result, the government has implemented stringent land use policies, creating a highly competitive real estate market that continuously pushes property prices upwards. As a result, investing in real estate, particularly in the condo market, has become a lucrative opportunity with the potential for significant capital appreciation. Singapore Condo has become a sought-after investment due to its high potential for returns in this competitive market.

Furthermore, the property is also close to several prominent schools, including Temasek Primary and Secondary Schools, Bedok South Secondary, and Bedok View Secondary. This makes it an ideal investment for families with school-going children.

In conclusion, the 99-year leasehold semi-detached house at Kew Heights, District 16, presents a lucrative investment opportunity for potential buyers. With its prime location, favourable land rate, and spacious layout, this property is sure to attract the attention of investors and families alike at SRI’s upcoming auction on March 15.…

Sale Penthouse Trizon Earns Seller 32 Mil Profit

Posted on March 14, 2025

The recent sale of a penthouse at The Trizon located on Ridgewood Close has set a new record for the most profitable resale transaction in the week of February 25 to March 4. The 5,737 sq ft penthouse on the 23rd floor was sold for a whopping $9.76 million, equating to $1,701 per square foot. The sale has brought the seller a handsome profit of $3.2 million, which is a remarkable 49% increase from the purchase price of $6.55 million in March 2016. This translates to an annualized gain of 4.5% over a period of nine years.

Investing in a condo can offer a multitude of benefits, one being the opportunity to leverage the property’s value for further investments. Numerous investors opt to use their condos as collateral to secure additional financing for new investments, enabling them to grow their real estate portfolio. This tactic has the potential to boost returns, but it’s crucial to have a solid financial plan in place and carefully consider the potential effects of market fluctuations. Additionally, keeping an eye on New Condo Launches can provide opportunities for even more successful investments.

The sale has also made it the second most profitable resale transaction at The Trizon so far. The previous record was set two years ago when a 7,083 sq ft penthouse was sold for $11 million, or $1,553 psf, in August 2023. This unit was purchased for $7.1 million, or $1,002 psf, in November 2019. As a result, the seller made a spectacular profit of $3.9 million (55%), equating to a phenomenal annualized return of 12% over just four years.

Situated in the prime District 10, The Trizon is a freehold development that comprises 289 units. It is located near the prestigious Mount Sinai landed enclave, as well as the private residential estates of Pandan Valley and Pine Grove. Other notable private residential developments in the vicinity include Pandan Valley, Pinetree Hill, and Nava Grove, which are all 99-year leasehold projects.

The Trizon offers a variety of units ranging from two to five bedrooms. The typical units range from 1,012 sq ft to 5,102 sq ft, while the penthouse units range from 5,328 sq ft to 7,083 sq ft. According to EdgeProp Singapore, the average resale price at The Trizon is $2,017 psf. In comparison, nearby Pandan Valley has an average price of $1,449 psf, while the 999-year leasehold Ridgewood condo has an average price of $1,728 psf.

Launched for sale in July 2023, Pinetree Hill has seen units sold this year at an average price of $2,550 psf, compared to an average of $2,458 psf from its launch to the end of 2024. The 520-unit development is 78% sold. Similarly, Nava Grove, which was launched in November last year, is 75% sold, with an average selling price of $2,460 psf.

The second most profitable resale transaction during the week was a three-bedroom unit at Haig Court, which fetched $2.84 million ($1,968 psf) on Feb 27. This unit was previously purchased for just $798,868 ($554 psf) in 2005, making this sale extremely profitable for the seller, who earned a handsome profit of $2.04 million (255%). This equates to an annualized gain of 6.8% over a period of 19 years.

Haig Court is a freehold development with 360 units, situated on Haig Road in District 15. It was completed in 2004 and is conveniently located near shopping malls such as Katong Shopping Centre, Roxy Square, and I12 Katong. It is also close to reputable schools such as Chung Cheng High School, Tanjong Katong Girls’ School, Tanjong Katong Secondary School, and the Tanjong Katong campus of the Canadian International School.

Haig Court is next to two new 99-year leasehold private residential projects, Emerald of Katong (846 units) and Tembusu Grand (638 units). Other new projects in the area include The Continuum (816 units), a freehold development on Thiam Siew Avenue, and Grand Dunman (1,008 units), a 99-year leasehold project on Dunman Road.

In contrast, the most unprofitable resale during the week took place at Orchard Scotts, where a 2,228 sq ft unit was sold for $3.78 million ($1,696 psf) on Feb 25. However, this unit was previously purchased for $4.35 million ($1,955 psf) back in 2010, resulting in a loss of $576,000 (13%) for the seller. This translates to an annualized loss of 1% over close to 15 years.

A compilation of resale caveats at Orchard Scotts shows that the resale prices at the condo have been declining in recent years. In March 2010, units were typically sold for about $2,061 psf, but this has dropped to $1,747 psf by March 2020. However, in recent months, there has been a slight uptick in average resale prices to around $1,760 psf.

Orchard Scotts is a 99-year leasehold condo located on Anthony Road, off Clemenceau Avenue North in prime District 9. The development was completed in 2008 and comprises 387 units, ranging from two to five bedrooms with sizes of 936 sq ft to 4,435 sq ft.…

Two Bedder Esta Sets New High 2377 Psf

Posted on March 14, 2025

The real estate market in Singapore is known for its intense competition due to the limited availability of land. This can be attributed to the country’s rapid population growth and strict regulations on land use. Consequently, investing in real estate, particularly in condos, has become an attractive option, offering the potential for significant capital gains. With the regular introduction of new condo launches in the market, the demand for condos in Singapore remains strong. New Condo Launches are constantly being added, maintaining the high demand for condos in the country.

See more stories about:The Esta, the average resale price of condo units, Tanjong Katong MRT StationNo project highlights piqued buyers’ interests more than The Esta, where a two-bedroom unit topped the list of private condos that achieved a new psf-price high from Feb 21 to 28. According to recent data, the freehold development at Amber Gardens hit its new price peak of $2,377 psf when a 1,001 sq ft unit changed hands for $2.38 million on Feb 26. What makes this sale remarkable is that the unit’s sellers purchased it in March 2021 for about $1.83 million, or $1,833 psf, making a profit of about $545,000.Read also: Four-bedder at freehold Gallop Gables reaches $2,299 psfAdvertisementThis transaction surpasses the project’s previous record price of $2,317 psf set in January last year when a 1,346 sq ft, three-bedroom unit on the 13th floor changed hands for around $3.2 million. The average resale price of The Esta’s condo units has been rising steadily over the past three years. In 2022, the project recorded 10 transactions with an average psf-price of $2,012. The following year, the average price climbed to $2,156 across nine resale transactions. Last year, nine more units were resold at an average price of $2,248 psf, reflecting an 11.7% increase in average resale prices since 2022.By absolute price, the most expensive unit sold at The Esta was a 3,477 sq ft, five-bedroom apartment on the 21st floor, which changed hands for $6.25 million, or $1,798 psf, in October 2021. The sheer number of transactions at The Esta further proves its popularity among buyers.Read also: Boutique condo Hill House reaches new high of $3,267 psf AdvertisementThe 400-unit development, which consists of five residential blocks along Amber Gardens, offers a range of two- to four-bedroom apartments, from 1,001 sq ft to 1,711 sq ft, as well as penthouses ranging from 2,368 sq ft to 3,477 sq ft. Its location, within walking distance of Tanjong Katong MRT Station on the Thomson-East Coast Line and near lifestyle hubs such as Katong Shopping Centre and Katong V, makes it a favourite among buyers and investors alike.On the other hand, the 99-year leasehold condo D’Leedon took second place for the highest new psf-prices recorded during the review period. In fact, the development recently set a new psf-price record of $2,287 when a 1,421 sq ft, three-bedroom unit on the 29th floor sold for $3.25 million on Feb 25. The transaction slightly surpassed the sale of a smaller 1,367 sq ft, three-bedroom unit, which sold for $3.04 million or $2,222 psf on Feb 26.Read also: Four-bedder at freehold Gallop Gables reaches $2,299 psfThe record price at D’Leedon before these sales was $2,180 psf, set by the sale of a 2,110 sq ft, four-bedroom unit for $4.6 million last October. As of the start of the year, 11 units have been sold at the development, with an average price of $2,065 psf. Even the lowest psf-price recorded this year was for a 743 sq ft, one-bedroom apartment on the 10th floor, which sold for $1.41 million ($1,898 psf) on Feb 13. Comparable to The Esta, D’Leedon’s popularity is evident in the number of transactions and its average resale prices. Completed in 2014, the development was a hot favourite among buyers with its 1,703 units, ranging from one- to four-bedrooms and spanning 592 sq ft to 6,534 sq ft. It is also within walking distance of Farrer Road MRT Station on the Circle Line and is close to Empress Road Market and Food Centre.Read also: Boutique condo Hill House reaches new high of $3,267 psf AdvertisementLastly, Citylights came in third for the highest new psf-prices recorded during the review period. On Feb 27, the development saw a new psf-price high when an 893 sq ft, two-bedroom apartment on the 26th floor was sold for $1.98 million, or $2,216 psf. The new record is 4.4% higher than the previous peak of $2,122 psf, set in December last year, when an 872 sq ft, two-bedroom unit on the 16th floor was sold for $1.85 million.The sellers of the 26th-floor unit purchased it in April 2019 for about $1.44 million, or $1,610 psf, making a profit of about $542,000. This record transaction proves the sustained interest and demand for Citylights units. Completed in 2007, the 600-unit, 99-year leasehold development is situated along Jellicoe Road in Kallang (Picture: Samuel Isaac Chua/). Boasting a range of one- to four-bedroom units ranging from 560 sq ft to 3,875 sq ft, Citylights is only a one-minute walk from Lavender MRT Station and has dining and retail options, including Aperia Mall and Kitchener Complex, within a 300m radius.Furthermore, no new psf-price lows were recorded during the review period. Overall, these record-breaking sales and sustained high demand demonstrate the strength and resilience of the private condo market in Singapore.…

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