Month: January 2025

with new signing

Radisson Collection, a prestigious hotel brand operated by Radisson Hotel Group, has recently introduced its new seafront property in Galle, Sri Lanka. This 106-key resort, known as Radisson Collection Resort, Galle, is the brand’s first venture in the Southeast Asia and Pacific region, and the fourth property of the group in Sri Lanka.

The hotel boasts 76 luxurious guest rooms and suites, all of which offer stunning ocean views. Guests can also enjoy a range of top-notch amenities, including a beachfront pool, a kids’ club with round-the-clock nanny services, and various dining options such as Ozen, an Asian-Japanese fusion restaurant, and Catch Restaurant, a seafood dining venue. Additionally, the Taboo Beach Club, a lively entertainment area situated by the beach, offers sun loungers and daybeds with bottle service.

Located on the southwest coast of Sri Lanka, Galle is a charming city that boasts numerous attractions. These include the Galle Fort, a 17th-century fortification recognized as a UNESCO World Heritage Site. Visitors can also explore the city’s rich culture and history through its historic temples, colonial buildings, and wildlife centers, including a sea turtle hatchery.

In Singapore, the location of a real estate investment is a crucial factor to consider. Properties situated in central areas or near important amenities such as schools, shopping malls, and public transportation hubs have been known to greatly appreciate in value. Prominent areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown a rise in property values over the years. Furthermore, condos located near reputable schools and educational institutions are highly coveted by families, making them even more appealing for investment. is, without a doubt, a smart choice for those looking to invest in the Singapore real estate market, especially for those interested in condos.

In related news, Sri Lankan hotelier Teardrop Hotels has recently launched a range of luxury villa rentals in Galle. Additionally, Radisson Hotel Group has announced the achievement of a milestone 100-hotel portfolio in India, as well as the opening of a new resort in Lonavala, India. The group is also expanding its presence in China with a new signing.…

A recent development in the world of engineering consulting sees Singapore-headquartered firm Meinhardt joining forces with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN). In an MOU signed on January 17th, both parties have agreed to work together on digital and smart city projects in third-world Asean countries.

The main goal of the partnership is to promote innovative and sustainable urban solutions through the exchange of knowledge and resources. JOIN, a public-private fund in Japan, will use its network and expertise to support Japanese infrastructure exports, while Meinhardt will bring its expertise in integrated planning, design, and project management to the table.

According to the group, this collaboration was made possible by the Memorandum of Cooperation (MOC) signed in November between Japan’s Ministry of Land, Infrastructure, Transport and Tourism and the Singapore Cooperation Enterprise. This agreement aimed to promote the development of digital and smart cities in Asean and other regions.

Meinhardt hopes that the MOU will serve as a platform for both parties to share information, identify synergies, and work together on projects from the early stages. This will enable them to make a meaningful impact across borders. With this promising partnership, the future looks bright for the development of digital and smart cities in Asean countries.

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When purchasing a Singapore condo, it is crucial to consider the property’s maintenance and management. Along with the ownership, condos also come with maintenance fees that cover the upkeep of shared spaces and amenities. While these fees may increase the overall cost, they play a vital role in maintaining the property’s condition and value. Hiring a property management company can assist investors in managing their condos on a day-to-day basis, making it a more passive investment.…

HDB Completes Pandemic-Delayed Projects, Delivering Over 75,800 Flats in Five Years

Singapore’s Minister for National Development Desmond Lee has announced the completion of the final two housing projects from the Housing and Development Board (HDB) that were delayed due to the pandemic. In a press release on Jan 20th, Lee announced that the two Build-to-Order (BTO) projects, Punggol Point Cove (Phase 2) and Kempas Residences, are now completed, marking the end of HDB’s pandemic-delayed housing projects. The completion of these two projects brings the total number of new flats delivered to Singaporeans over the past five years to over 75,800.

The year 2024 saw the completion of 22 housing projects by HDB, 17 of which were delayed due to the pandemic. The remaining four projects were completed on time, barring one that faced delays for non-pandemic reasons. Among these 22 projects, two were Shorter Waiting Time (SWT) projects that were completed within a waiting period of less than three years. These two projects, Parc Glen at Tengah and Grove Spring at Yishun, offered a total of 1,995 flats to residents. The remaining projects had waiting periods of up to five years, but the overall result was a staggering 18,000 flats completed in 2024.

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The keys for units in Punggol Point Cove (Phase 2) have been handed over to owners since November 2024, and the keys for Kempas Residence units have been available since mid-January this year. HDB is expected to inform the remaining flat owners of their keys collection date soon, as the final blocks in both projects will be completed this month.

Punggol Point Cove (Phase 2), located along New Punggol Road, consists of six residential blocks offering a total of 1,179 units of two-room flexi, three-, four- and five-room flats. Due to the pandemic, the project’s last block was completed 12 months after its original Probable Completion Date (PCD) earlier this year. As of Jan 15, 657 households (59% of the 1,109 booked units) have collected their keys.

HDB states that the completion of Punggol Point Cove (Phase 2) marks the completion of all flats in the Punggol Point District, including the Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects that were completed in 2024.

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Kempas Residences is situated between Serangoon Road, Lavender Street, and Boon Kheng Road, offering a total of 583 units of two-room flexi, three-, and four-room flats across four residential blocks. The final block faced a six-month delay from its original PCD but was finally completed in mid-January. As of Jan 15, 37 households (7% of the 555 booked units) have collected their keys.

When considering investing in condos in Singapore, it is crucial to take into account the government’s property cooling measures. In an effort to control speculative buying and maintain a steady real estate market, the Singaporean government has implemented various measures over the years. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which requires foreign buyers and those purchasing multiple properties to pay higher taxes. While such measures may have a short-term impact on the profitability of condo investments, they also contribute to the market’s long-term stability, making it a secure investment environment. Therefore, investing in condos in Singapore is a wise decision.

Currently, 110 HDB housing projects are under construction, up from 95 last year, thanks to the increase in BTO supply in recent years. HDB has stated that it is on track to complete around 17,000 flats across 27 projects in 2025. To check out the latest HDB property listings, click here.…

Singapore-based City Developments Limited (CDL) has announced an offer to acquire all outstanding shares in New Zealand-listed Millennium & Copthorne Hotels New Zealand Limited (MCK) through its subsidiary CDL Hotels Holdings New Zealand Limited (CDLHH NZ). The offer price is set at NZ$2.25 ($1.72) per share.

In a filing on January 20, CDL stated that after the offer is completed, it intends to delist and privatize MCK in order to simplify the ownership structure of its New Zealand entities. Currently, MCK holds, leases, or franchises 18 hotels in New Zealand and has a majority stake in CDL Investments New Zealand Limited. It also has interests in Australian properties through its Kingsgate Group subsidiaries.

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In recent years, investing in a Singapore condo has become a highly sought-after option for both local and international investors. This is largely due to the country’s strong economy, stable political climate, and exceptional quality of life. With a thriving real estate market, there are many opportunities available, and condos stand out as a popular choice for their convenience, amenities, and potential for high returns. If you are considering investing in a Singapore condo, this article will delve into the advantages, key factors to consider, and essential steps to take. Singapore Condo is an excellent investment opportunity that should not be missed.

As of January 17, CDLHH NZ holds 80.02 million shares in MCK, representing a 75.86% stake based on 105.48 million MCK shares in issue. If CDLHH NZ reaches the threshold to trigger compulsory acquisition under the New Zealand takeovers code, it will buy out all remaining shares in MCK. Additionally, CDLHH NZ may choose to redeem the non-voting redeemable preference shares issued by MCK.

While the MCK non-voting redeemable preference shares are not included in the offer, CDLHH NZ has offered to purchase them at a price of NZ$1.70 ($1.30) per share. This purchase will be made through Craigs Investment Partners, the group’s broker, on the Main Board of the New Zealand Stock Exchange (NZX). As of January 17, CDLHH NZ holds 91.34% – or 48.17 million – of MCK’s non-voting redeemable preference shares.

If the offer is fully accepted, CDLHH NZ will pay a total consideration of NZ$57.29 million. It is also expected to pay approximately NZ$7.77 million for all redeemable preference shares. The offer price takes into account the prevailing and historical market prices, as well as the current industry and business environment in which MCK operates.

As of June 30, 2024, MCK recorded a net asset value (NAV) of NZ$532.02 million and a net tangible asset value (NTA) of the same. For MCK shares subject to the offer, the NAV and NTA are approximately NZ$85.62 million each.

The offer is conditional upon CDLHH NZ receiving at least 90% of the voting rights in MCK by 5:00pm on May 2, as well as obtaining consent under the Overseas Investment Act 2005 and the Overseas Investment Regulations 2005 of New Zealand. The implementation and payment of the offer are not expected to have a significant impact on CDL’s earnings per share or net tangible assets for the fiscal year ending December 31, 2025.…

Roxy-Pacific Holdings’ executive chairman, Teo Hong Lim, has revealed that the first day of sales for their freehold condominium, Bagnall Haus, saw a strong take-up rate of nearly 63%. Out of 113 units, 71 were sold at an average transacted price of $2,490 psf on Jan 18.

The majority of the buyers, over 90%, were Singaporeans, with end-users being the main target audience. The two- and three-bedroom units were the most popular, but there was also demand for the larger five-bedroom units.

Situated in District 16 along Upper East Coast Road, Bagnall Haus occupies a freehold site of 74,280 sq ft and consists of three five-storey blocks with a total of 113 residential units. These include one-bedroom plus flexi units of 495 sq ft and five-bedroom units of 1,528 sq ft.

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Foreign investors must be well-informed about the regulations and limitations surrounding property ownership in Singapore. Unlike landed properties, which have stricter ownership guidelines, foreigners are generally permitted to purchase condominiums with ease. However, they are required to pay the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property purchase. Despite the added expenses, Singapore’s real estate market maintains its appeal to foreign investors due to its stability and potential for growth. Additionally, the continuous launch of new condos throughout the country further entices foreign investment.

Ismail Gafoor, CEO of PropNex, has stated that of the 71 units sold, 59% were one- and two-bedroom units, which were sold for just under $2.1 million. The three-bedroom units were also in high demand, with 18 out of 20 units being snapped up at prices between $2.3 million and $2.7 million. The remaining four- and five-bedroom units were sold for around $3 million to $3.8 million.

Gafoor notes that the pricing for Bagnall Haus, which is mostly under $3 million, was very appealing to potential buyers. In addition, the average transacted price of $2,490 psf was seen as a great value for a well-located freehold development. This was further supported by the fact that some 99-year leasehold new launches in the Outside Central Region (OCR) have already reached an average price of $2,579 psf.

Apart from the 71 residential units that were sold, both strata-titled shop units located on the ground floor, measuring 172 sq ft each, were also sold for $688,000 ($4,000 psf) each.

According to Marcus Chu, CEO of ERA Singapore, the majority of the homebuyers were owner-occupiers. While some were homeowners of older landed properties looking to downsize, others were families from the neighbourhood who wished to upgrade to a freehold property.

Chu also mentioned that Bagnall Haus benefits from its close proximity to established amenities and reputable schools, such as Temasek Primary School, which is within a 1km radius.

The development is also within walking distance of the upcoming Sungei Bedok MRT Station, which serves as an interchange for the Downtown and Thomson-East Coast lines. It is only one stop away from Bedok South MRT Station, which will become part of an integrated transport hub that will feature a new bus interchange in the upcoming Bayshore precinct. This transport hub will also form a part of a mixed-use project that includes retail and residential components.

Mark Yip, CEO of Huttons Asia, has stated that pent-up demand, which has been building for 15 years due to a lack of new projects in the area, coupled with its freehold tenure, led to the strong sales for Bagnall Haus. Furthermore, it is rare to find a freehold project in close proximity to an MRT station, therefore, buyers were quick to recognize the potential benefits of the upcoming transformation of the Bayshore precinct.…

During the week of Dec 27 to Jan 3, Commonwealth Towers emerged as the leading private non-landed property to achieve a new record price per square foot (psf). The 99-year leasehold condo hit a new peak of $2,460 psf on Dec 27 with the sale of a 904 sq ft, three-bedroom unit on the 40th floor for $2.22 million.

This new record surpasses the previous high of $2,402 psf, which was set just three months ago in September 2024 when a 689 sq ft, two-bedroom unit on the 42nd floor was sold for around $1.65 million.

Condos in Singapore have emerged as a top investment choice for both local and foreign investors, thanks to the country’s strong economy, stable political climate, and exceptional standard of living. With its thriving real estate market, Singapore presents an array of promising opportunities, with condos standing out for their convenience, facilities, and potential for high returns. This piece will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore, Condo.

Commonwealth Towers saw a surge in average resale prices over the past three years. In 2022, the project had 53 transactions at an average psf of $1,971. The following year, the average price increased to $2,097 psf across 51 resale transactions. Last year, the development recorded 37 resale transactions at an average price of $2,200 psf, marking an 11.6% increase in average resale prices since 2022.

In terms of absolute price, the most expensive unit to change hands at Commonwealth Towers was a 1,302 sq ft, four-bedroom unit on the 39th floor for $2.96 million, or $2,273 psf. This transaction was recorded in November 2024.

Completed in 2017, Commonwealth Towers is a 99-year leasehold condo with approximately 87 years remaining on its tenure. It is comprised of two 43-storey residential blocks housing 845 units ranging from one to four bedrooms and spanning 441 sq ft to 1,302 sq ft.

Taking the second spot on the list is freehold project Parq Bella, which achieved a new psf-price peak of $2,416 on Dec 31. This was the developer’s sale of a 1,076 sq ft, three-bedroom unit on the fourth floor for about $2.6 million. This unit was also the first to transact for more than $2,400 psf at the development.

This surpasses the previous psf-price record of $2,385 set in August 2023 when a 926 sq ft, two-bedroom on the fourth floor was sold for around $2.2 million.

Located on Tembeling Road in District 15, Parq Bella has 20 units ranging from two to four bedrooms and floor plans spanning 926 sq ft to 1,787 sq ft. The project is expected to be completed by December 2026 and has recorded five new sale transactions last year at an average price of $2,347 psf.

Rounding up the list is freehold luxury project Klimt Cairnhill, which saw a new psf-price low during the period in review when the developer sold the final unit for $2.55 million on Jan 3. This translates to $3,077 psf for the 829 sq ft, two-bedroom unit.

Klimt Cairnhill, located on Cairnhill Road in Prime District 9, consists of 138 apartments in two- to four-bedroom configurations and has achieved 100% sales at an average price of $3,665 psf based on caveats lodged. The project was previewed in August 2021 and officially launched in January 2023.

Klimt Cairnhill is expected to obtain its Temporary Occupation Permit in April this year and boasts of a mix of two- to four-bedroom apartments ranging from 829 sq ft to 2,368 sq ft. There are also two penthouses of 4,898 sq ft and 5,920 sq ft.…

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In a joint press release by the Housing and Development Board (HDB) and the Ministry of National Development (MND) on Jan 16, Minister for National Development Desmond Lee announced that over 25,000 new flats will be launched by HDB in 2025. This includes 19,600 build-to-order (BTO) flats spread across three sales exercises, as well as more than 5,500 sale of balance flats (SBF) in a single SBF sale exercise.

The units will consist of Standard, Plus, and Prime BTO flats under the new classification framework. In February, the launch will offer around 5,000 flats in Kallang/Whampoa, Queenstown, Woodlands, and Yishun. HDB’s largest-ever Sale of Balance Flats (SBF) exercise is scheduled for next month as well, with over 5,500 flats available in various estates.

Of the SBF flats, 40% are already completed units, while the rest are at different stages of construction and expected to be completed between 2025 and 2028. In total, more than 10,000 new flats will be available through the February BTO and SBF exercises.

Over the past four years (2021-2024), HDB has launched approximately 82,700 BTO flats. With a planned pipeline of 19,600 BTO flats in 2025, HDB is on track to launch more than 102,300 BTO flats, exceeding its commitment of 100,000 units over five years.

The increase in BTO supply has resulted in a drop in application rates, with the average rate among first-time homebuyers for BTO across all flat types standing at 2.1 in 2024, compared to 3.7 in 2019 before the pandemic. The average rate for three-room and larger flats among first-timers last year was 2.2, down from 4.0 in 2019.

According to Minister Lee, HDB will continue to release a steady pipeline of flats to meet housing demand in the next few years. Over 50,000 flats are expected to be launched between 2025 and 2027, bringing the total to approximately 130,000 flats launched from 2021 to 2027.

Around 3,800 of the 19,600 new flats, or one-fifth of the BTO flats planned for launch in 2025, will be Shorter Waiting Time (SWT) flats with a waiting period of less than three years. This is an increase from the 2,876 SWT flats offered in 2024 and more than the committed annual supply of 2,000 to 3,000 SWT flats.

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Investing in a condo requires careful consideration of financing options. Singapore has various mortgage choices available, but it is crucial to have knowledge about the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, taking into account their income and current debt obligations. To avoid over-leveraging, it is essential for investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers. Singapore Condo offers a comprehensive range of financing options for investors to make informed decisions about their investment.

“The SWT flats will also provide more options for buyers and potentially attract some demand away from the resale market,” says Lee Sze Teck, senior director of data analytics at Huttons Asia.

In 2025, Lee estimates that about 7,000 HDB flats will reach their five-year minimum occupation period (MOP), the lowest supply of such resale flats since 2015. “With HDB assuring buyers that they will push out more BTO and SBF flats to meet demand, this will offer more choices for buyers and stabilise the resale market,” he says. “The larger flat supply and SWT flats will address the shortfall in MOP flats.”

Huttons’ Lee predicts that HDB resale flat transactions in 2025 will range between 26,000 and 28,000, lower than the 28,876 units recorded last year. Resale flat prices are expected to grow at a slower pace of 5% to 8% this year, compared to the 9.6% increase reflected in HDB’s flash estimate for 2024.

Check out the latest listings for HDB propertiesAsk BuddyPast HDB rental transactionsListings for HDB flatsPast HDB sale transactionsCompare price trend of HDB vs Condo vs LandedWhat is the HDB loan rate?Past HDB rental transactionsListings for HDB flatsPast HDB sale transactionsCompare price trend of HDB vs Condo vs LandedWhat is the HDB loan rate?

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The city of Singapore is renowned for its impressive skyline filled with towering skyscrapers and state-of-the-art facilities, showcasing its modernity. The sophisticated Condos, strategically located in highly sought-after areas, offer a stunning fusion of luxury and practicality that appeals to both locals and foreigners alike. These properties come equipped with a plethora of top-notch amenities, including swimming pools, fitness centers, and round-the-clock security services, elevating the standard of living for residents and making them a highly desirable choice for potential renters and buyers. For those interested in real estate investment, the attractive features of these Condos result in higher rental yields and appreciate in property value over time. The inclusion of Condos in Singapore’s urban landscape adds to its appeal as a desirable hub for contemporary living and lucrative investment opportunities. Condo brings an attractive element to the city’s real estate market.

A three-bedroom penthouse at Orchid Mansion, a freehold development in District 15, was sold for a profit of $2.58 million (112%) on Dec 31. This marked the most profitable resale transaction between Dec 31, 2024, and Jan 7, 2025. The 2,842 sq ft unit on the 21st floor was transacted at $4.88 million ($1,717 psf), having been previously purchased at $2.3 million ($809 psf) in March 2009. This translates to an annualized profit of 4.9% over nearly 16 years. This transaction also sets the new record for the highest resale profit achieved at Orchid Mansion, surpassing the previous record of $1.15 million (72.6%) set in July 2022 when a 1,507 sq ft three-bedroom unit on the seventh floor was sold for $2.73 million ($1,812 psf). The unit had been purchased for $1.58 million ($1,050 psf) in June 2007. Advertisement Advertisement Orchid Mansion, located at 11 Amber Road, is a 20-year-old freehold condo comprising a 21-storey residential tower with a mix of two- and three-bedroom units ranging from 1,346 sq ft to 2,002 sq ft. The development also boasts two penthouses, each with a size of 2,842 sq ft and 2,734 sq ft. In the same week, another notable transaction took place at Villa Marina, where a 1,625 sq ft three-bedroom unit on the ground floor was sold for $2.35 million ($1,446 psf) on Jan 3. The seller had previously purchased the unit for $630,500 ($388 psf) in September 2006, resulting in a profit of $1.72 million (273%). This translates to an annualized profit of 7.6% over 18 years. This sale also broke the previous record for the most profitable resale transaction at Villa Marina, which was set last year in July when a 1,916 sq ft unit on the fourth floor was sold for $2.3 million ($1,200 psf). This unit had been bought for $720,416 ($376 psf) in November 1998. Notably, Villa Marina achieved a record 219% profit for this transaction. Villa Marina is a 99-year leasehold condo situated at Jalan Sempadan in District 15. Completed in 1999, the development contains 432 units spread across 27 low-rise residential blocks, offering a mix of one- to four-bedroom units ranging from 1,087 sq ft to 2,314 sq ft. The 460,685 sq ft site sits behind the Masjid Kampong Siglap mosque and is within close proximity to Siglap MRT station on the Thomson-East Coast Line and East Coast Park. Several primary schools, including Bedok Green Primary School, CHIJ (Katong) Primary, Ngee Ann Primary School, St Stephen’s School and Tao Nan School, are also located within a 1km radius of the development. Advertisement Lastly, the most unprofitable transaction of the week occurred at Marina Bay Residences, where a 1,130 sq ft two-bedroom unit on the 17th floor was sold for $2.1 million ($1,858 psf) on Jan 2. The seller had initially purchased the unit for $2.49 million ($2,200 psf) in November 2007, resulting in a loss of $386,000 (16%). This translates to an annualized loss of 1% over 17 years. Looking back at last year, the condo had recorded 25 resale transactions, out of which 13 were unprofitable, with the losses ranging from $43,600 to $1.25 million. For this reason, the most unprofitable resale transaction recorded at Marina Bay Residences was a 1,227 sq ft unit transacted at $2.8 million ($2,282 psf) on March 22, 2024. Based on a tabulation of resale caveats at Marina Bay Residences, the average resale price last month stood at $2,242 psf. This is higher than the average price of surrounding condos such as The Sail @ Marina Bay ($2,052 psf), Marina Bay Suites ($1,917 psf) and Marina One Residences ($2,133 psf). Marina Bay Residences, a 428-unit development on Marina Boulevard, is a 15-year-old condo that recently completed a $5 million revamp starting from January 2022 and ending in September 2023 to upgrade the communal facilities and common areas throughout the development. The condo is one of two 99-year leasehold luxury condos in Marina Bay Financial Centre, which also includes three Grade-A office towers and Marina One Residences, a 221-unit development. Get more insights about Orchid Mansion hereAsk GuruTenure of Orchid MansionCompare price trend for New Sale Condo – Resale CondoCompare sale transactions at Orchid MansionCompare price trend for New Sale Condo – EC New Sale CondoFind out which condos recorded the most unprofitable transactions in District 15Tenure of Orchid MansionCompare price trend for New Sale Condo – Resale CondoCompare sale transactions at Orchid MansionCompare price trend for New Sale Condo – EC New Sale CondoFind out which condos recorded the most unprofitable transactions in District 15

The sale of the three-bedroom penthouse at Orchid Mansion for a profit of $2.58 million (112%) on Dec 31 has been the most profitable resale transaction from Dec 31, 2024, to Jan 7, 2025. The 2,842 sq ft unit, located on the 21st floor, was sold for $4.88 million ($1,717 psf). The unit was previously bought for $2.3 million ($809 psf) in March 2009, translating to an annualized profit of 4.9% over nearly 16 years. The sale also marks the highest resale profit achieved at Orchid Mansion, overtaking the previous record of $1.15 million (72.6%) when a 1,507 sq ft three-bedroom unit on the seventh floor was sold for $2.73 million ($1,812 psf) in July 2022. The unit was bought for $1.58 million ($1,050 psf) in June 2007. Orchid Mansion is a 20-year-old freehold condo comprising a 21-storey residential tower with a mix of two- and three-bedroom units ranging from 1,346 sq ft to 2,002 sq ft. The development also boasts two penthouses, each with a size of 2,842 sq ft and 2,734 sq ft. At the same time, another notable transaction occurred at Villa Marina, where a 1,625 sq ft three-bedroom unit on the ground floor was sold for $2.35 million ($1,446 psf) on Jan 3. The seller had previously purchased the unit for $630,500 ($388 psf) in September 2006, resulting in a profit of $1.72 million (273%). This translates to an annualized profit of 7.6% over 18 years. This sale also broke the previous record for the most profitable resale transaction at Villa Marina, which was set last year in July when a 1,916 sq ft unit on the fourth floor was sold for $2.3 million ($1,200 psf). This unit was bought for $720,416 ($376 psf) in November 1998. Villa Marina is a 99-year leasehold condo situated at Jalan Sempadan in District 15. Completed in 1999, the development contains 432 units spread across 27 low-rise residential blocks, offering a mix of one- to four-bedroom units ranging from 1,087 sq ft to 2,314 sq ft. The 460,685 sq ft site sits behind the Masjid Kampong Siglap mosque and is within close proximity to Siglap MRT station on the Thomson-East Coast Line and East Coast Park. It is also within a 1km radius of several primary schools, including Bedok Green Primary School, CHIJ (Katong) Primary, Ngee Ann Primary School, St Stephen’s School and Tao Nan School. Meanwhile, the most unprofitable transaction of the week occurred at Marina Bay Residences, where a 1,130 sq ft two-bedroom unit on the 17th floor was sold for $2.1 million ($1,858 psf) on Jan 2. The seller had previously purchased the unit for $2.49 million ($2,200 psf) in November 2007, resulting in a loss of $386,000 (16%). This translates to an annualized loss of 1% over 17 years. Looking back at last year, the condo had recorded 25 resale transactions, out of which 13 were unprofitable. Losses ranged from $43,600 to $1.25 million. The most unprofitable resale transaction recorded at Marina Bay Residences was a 1,227 sq ft unit, which was sold for $2.8 million ($2,282 psf) on March 22, 2024. Based on a tabulation of resale caveats at Marina Bay Residences, the average resale price last month stood at $2,242 psf. This is higher than the average price of…

Investing in a condominium can bring a variety of advantages, one of which is the opportunity to leverage the property’s value for future investments. Numerous investors take advantage of their condos as a form of collateral to secure further financing for new ventures, allowing them to grow their real estate portfolio. While this tactic can potentially increase returns, it is not without its risks. Thus, it is vital to have a solid financial plan in place and carefully consider the potential effects of market fluctuations. Additionally, it may be helpful to keep an eye out for new condo launches through a resource such as Score in the Box to stay on top of any promising opportunities in the market.

In order to boost its capital recycling efforts, City Developments divested assets worth more than $600 million last year. This falls short of the company’s previously stated $1 billion target, due to a decrease in deals across various markets and asset classes. Some completed divestments include the Ransome’s Wharf site in London, a freehold 8-storey industrial building in Singapore, and several strata units in various developments. CDL also announced that their Hong Leong City Center development in Suzhou is under contract and set to be completed this quarter. Group CEO Sherman Kwek explains that despite challenging market conditions, the company will continue to push forward with divestment plans in order to optimize capital management and align their portfolio with strategic objectives. CDL shares closed at $5.05 on Jan 16, a decrease of 20.97% over the past year.…

A bungalow situated at 11 Whitley Road has been put on the market for sale through a tender process, with a guide price of $31.88 million. The property, which is located on an elevated freehold site of 15,276.27 sq ft, is expected to sell at a rate of $2,087 per square foot on the land area.

Originally built in 2016, the two-storey bungalow features five bedrooms, with three of them being en suite. The house also boasts two living rooms, two dining rooms, a spacious and well-equipped kitchen, as well as a helper’s room. In addition, a rear extension was added during the rebuild process.

The large land parcel allows for potential redevelopment, with the possibility of dividing it into eight terraced houses. Each site would range from 1,614 sq ft to 2,389 sq ft, with a potential gross floor area (GFA) of up to 21,528 sq ft. This, however, is subject to the payment of land betterment charges. Aric Lim, associate district director of Huttons Asia, the exclusive marketing agent for the property, confirms this potential for redevelopment.

According to Lee Sze Teck, senior director of data analytics at Huttons Asia, this is likely the largest plot of land available on Whitley Road. He also notes that the asking price of $2,087 psf for the land is highly competitive compared to recent transactions of new semi-detached houses on the same road, which have been sold for over $3,000 psf.

The location of the bungalow is highly desirable, being only 700m away from the Novena MRT Station and within close proximity to popular shopping destinations such as Velocity at Novena Square, Square 2, United Square, and Zhongshan Park.

Purchasing a condominium presents a unique opportunity to utilize the property’s value to enhance other investments. Many shrewd investors use their condos as collateral to secure additional financing for their ventures, which allows for the expansion and diversification of their real estate portfolio. However, while this method has the potential to generate significant returns, it is essential to proceed carefully and with caution. It is crucial to have a well-crafted financial plan and carefully monitor market fluctuations before considering this option. Additionally, incorporating Singapore Condos into this investment strategy can bring even more benefits, including ample opportunities for growth and diversification. Leveraging your condo can help you broaden and diversify your real estate portfolio, ultimately increasing your returns. Still, it is crucial to conduct thorough risk assessments and have a solid financial plan in place before implementing this approach. By doing so, you can make the most of your condo investment and reap its long-term rewards. Singapore Condos add valuable potential to this investment strategy, making it a wise consideration for savvy investors.

Interested buyers can submit their tenders for 11 Whitley Road until Feb 12.…