Month: January 2025

Singapore has a high demand for condos, largely due to the limited availability of land. As a small island nation with a rapidly expanding population, Singapore grapples with a scarcity of land for development. This has resulted in strict land use policies and a cut-throat real estate market, where property prices are constantly on the rise. As a result, purchasing real estate, specifically condos, has become a profitable investment, with the potential for significant capital appreciation. This trend is also evident in Singapore Projects, further solidifying the strong demand for condos in the country.

GuocoLand has recently secured two green facilities from DBS Bank and Oversea-Chinese Banking Corporation. The first is a $1.135 billion green facility for the refinancing of Guoco Midtown, while the second is a $105 million green facility for the refinancing of Midtown Bay. These green facilities were raised under GuocoLand’s Green Finance Framework and bring the company’s total green financing to approximately $5 billion.

This $1.135 billion green facility for the refinancing of Guoco Midtown is the company’s largest to date, and highlights their commitment to creating thoughtfully designed spaces that balance economic, environmental, and social factors. According to Group CFO Andrew Chew, this refinancing activity allows the company to optimize its capital structure while staying true to their sustainable practices.

GuocoLand has a strong track record of securing green financing for its developments, including Guoco Tower and other projects such as Lentor Mansion, Lentor Modern, Midtown Modern, and the upcoming Upper Thomson Road Development. The company’s dedication to sustainability is further evidenced by their recent achievement of the Green Mark Platinum award for Guoco Midtown and Midtown Bay.

The success of GuocoLand’s green financing initiatives showcases their commitment to creating sustainable and responsible developments that not only benefit the environment, but also add value for their stakeholders. Shares in GuocoLand closed flat at $1.45 on January 15, demonstrating investor confidence in the company’s sustainable practices.…

Freehold mixed-use development Roxy Square in Katong is set to be relaunched for collective sale at a discounted price. This comes after the development was initially launched for tender last July at a minimum price of $1.25 billion, but failed to attract any buyers before the tender closed on Sept 26.

Marketing agent JLL has announced that the owners of Roxy Square, which comprises 296 shops, 26 apartments, and the 576-room Grand Mercure Roxy Hotel, are in the process of signing a supplemental agreement to lower the collective sale price by 10.8% to $1.115 billion.

Investing in a Singapore Condo offers numerous advantages, including the opportunity to use the property’s value to secure additional investments. This allows investors to grow their real estate portfolio by using their condo as collateral for financing. While this strategy can lead to higher returns, it also carries risks that must be carefully considered. It is essential to have a solid financial plan and to carefully evaluate the potential impact of market fluctuations before leveraging a condo for further investments.

If the owners’ support for the proposed lower price reaches at least 80%, the development is expected to have a unit land rate of $1,852 psf per plot ratio (ppr), which includes a Land Betterment Charge (LBC) at the gross plot ratio of about 3.86. With the inclusion of an additional 10% bonus gross floor area (GFA) for the residential component and the LBC, the land rate will be $1,804 psf ppr, according to JLL.

Tan Hong Boon, JLL Singapore’s executive director of capital markets, believes that Roxy Square’s appeal is enhanced by its location next to Marine Parade MRT Station (Thomson-East Coast Line), with a direct underground connection. “The freehold tenure, established and well-loved heritage locale, and excellent connectivity to amenities further add to this appeal,” Tan adds.

Completed in 1996, the development has a gross floor area (GFA) of 668,000 sq ft. Partially zoned for commercial and residential use, with a gross plot ratio of 3.0 along East Coast Road under the 2019 Master Plan, the portion of Roxy Square that fronts Marine Parade Road is zoned for hotel use.

Based on recent planning advice from URA, the entire site can be rezoned for commercial and residential use, and be redeveloped into a high-rise mixed-use development with a height of up to 75m, potentially yielding over 350 residential units, approximately 80,000 sq ft of retail and F&B space, and an additional 172,000 sq ft for office, hotel, or other commercial uses, says JLL.

The development also offers accessibility to East Coast Parkway (ECP) and Nicoll Highway and forms part of the Round-Island Route and Park Connector Network.

“The proposed reduction in reserve price, if supported by the majority owners, enhances the site’s appeal, especially considering the area’s consistent demand for quality residences. This sale will aim to thoughtfully shape a key part of Singapore’s East Coast for the future,” says Tan.

The tender for Roxy Square is set to close on Feb 18 at 3pm.…

Once complete in 2027, The Arcady at Boon Keng will become a significant private residence with a total of 172 freehold condominium units, located in the heart of the Boon Keng area. This project will feature a lush green space along Serangoon Road and showcase modern architecture that sets it apart from other condominiums in the neighbourhood.

The development is a collaboration between trusted local developers KSH Holdings, SLB Development and H10 Holdings, and has partnered with award-winning architectural firm Park + Associates to create a distinctive residence.

Ultimately, purchasing a condominium (or “condo”) in Singapore presents a plethora of advantages. These include a strong demand for housing, the potential for significant capital appreciation, and attractive rental yields. Nevertheless, it is crucial to carefully evaluate various factors before making a decision, such as the location of the property, financing options, government regulations, and the current state of the market. Conducting thorough research and seeking professional guidance can help investors make well-informed choices and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a secure and profitable investment opportunity, consider adding Singapore Projects to your list of potential investments.

Upon its launch for sale in January, The Arcady at Boon Keng received positive response from investors and local buyers, who were drawn to the well-designed layout of the one-bedroom plus study units and the two-bedroom units. Families were also pleased with the spacious units, perfect for homes, and the abundance of family-friendly amenities at the project.

The Arcady at Boon Keng presents a rare opportunity for discerning buyers to invest in an affordable freehold development in a city-fringe neighbourhood. It stands out among only a handful of new freehold projects launching this year.

Creating a garden home

The developers and designers of The Arcady at Boon Keng have made a deliberate effort to envision the project as an urban oasis, a rare haven of tranquil luxury in the busy city fringe neighbourhood. The architects at Park + Associates and landscape architect Ecoplan Asia have crafted a bold architectural form that is seamlessly integrated with a curated landscape design for the development.

Featuring a tiered design, with a trail leading from the Grand Arrival to the ground floor landscape deck, The Arcady at Boon Keng optimises the space available for verdant greenery. The development also combines three floors worth of facilities into a ‘one-stop’ zone of communal facilities across two floors at the base of the tower. This efficient use of space can be seen in other areas like the 14th floor and the rooftop terrace.

The project offers an array of water facilities, including an infinity pool, spa pool, and family pool, all overlooking the facilities at the second-storey Sky Terrace. Parents can relax at the Social Deck while watching their children play at the Kids Playground beside them, or enjoy a weekend of family fun at the Family Deck beside the Splash Patio and Family Pool.

Access to the second-storey Sky Terrace is a few steps away and is perfect for an indoor retreat. The dedicated kids’ zone features a Party Deck and Kids Club, while parents can unwind at the Chill Out Lounge, which extends from the Botanic Club.

Residents can also host guests at the Arcady Club on the 14th floor, where they can invite a private chef to create a refined alfresco dining experience while enjoying a spectacular view. The community garden on the rooftop provides a convenient source of organic ingredients.

Spectacular scenery from the heart of Boon Keng

The residential tower and the orientation of units have been carefully considered, with a north-south orientation that is elevated about 18m above street level to maximise views. Units are also tilted away from the main road, significantly reducing traffic noise.

Units on higher floors will boast stunning views of the Kallang River, while south-facing units will face the direction of Marina Bay.

Unit layout design oriented for families

The units at The Arcady at Boon Keng have been efficiently designed with spacious master bedrooms that can accommodate king-sized beds and common bedrooms that can fit queen-sized beds. The development has seen steady sales of its larger units, which range from three-bedroom units of 969 sq ft, three-bedroom-plus-study units of 1,281 sq ft, and four-bedroom units of 1,410 sq ft. There are also two penthouses of 2,433 sq ft and 2,583 sq ft.

Families with school-going children and couples will find that the development meets their requirements, offering spacious homes within a conveniently located condo that boasts an array of amenities for all family members to enjoy. The condo is also near prominent schools like Bendemeer Primary School, Bendemeer Secondary School, St Andrew’s Junior School, and Hong Wen School. Nearby amenities include Woodleigh Mall at Bidadari Park Drive and Bendemeer Mall along Bendemeer Road.

“We think buyers are likely drawn to The Arcady at Boon Keng owing to its convenient location and connectivity. With the Boon Keng MRT Station on the North-East Line being about six to seven minutes’ walk from the project, residents will enjoy a relatively short commute to the city,” says Ismail Gafoor, CEO of PropNex Realty, one of the project’s marketing agents.

Dhoby Ghaut MRT Interchange Station, which links the North-East Line, North-South Line and Circle Line, is only three stops away from Boon Keng MRT Station. “We observe that many home buyers these days prefer projects within walking distance to an MRT station; convenience is highly valued given today’s busy lifestyle,” adds Gafoor.

Mark Yip, CEO of Huttons Asia, agrees that The Arcady at Boon Keng presents a fantastic opportunity as a freehold property in the central location, providing easy access to major expressways like the CTE and PIE.

The Arcady at Boon Keng will also benefit from its proximity to the rejuvenated Kallang precinct, which will feature new sports and leisure facilities as part of the Kallang Alive Masterplan, announced during Prime Minister Lawrence Wong’s inaugural National Day Rally this year.

Marked as Singapore’s future sports hub, the masterplan aims to bring together several key sporting associations and the Singapore Sports School into one integrated precinct. Sports and recreation activities will be supported by planned state-of-the-art sports facilities and a new 12,000-seat stadium.

An attractively priced freehold offering

Since the project launched in January 2024, all the one-bedroom plus study units have been sold, and close to 90% of the two-bedroom units have been snapped up. With an average selling price of about $2,570 psf, the project’s freehold tenure and potential for relatively greater capital appreciation compared to new 99-year leasehold projects make The Arcady at Boon Keng a compelling choice for buyers and investors.

“The Arcady at Boon Keng is attractively priced relative to its location near the city and the MRT station,” says Hutton’s Yip. PropNex’s Gafoor concurs, adding, “At an average transacted price of $2,570 psf, The Arcady at Boon Keng is lower than the overall average unit price of about $2,840 psf for new freehold, non-landed private homes in the RCR in 2024. In fact, it is also slightly lower than the average transacted unit price of new 99-year leasehold projects in the RCR of about $2,600 psf.”

“Overall, we believe that The Arcady at Boon Keng ticks many boxes for homebuyers today,” says Gafoor. “The project is located in a well-established neighbourhood in the city fringe, has good connectivity and easy access to the PIE. Another plus is that it has a freehold land tenure, making it ideal for legacy planning and wealth preservation.”

“With the scarcity of new home launches in the area, we anticipate HDB upgraders will naturally gravitate toward The Arcady at Boon Keng,” says Marcus Chu, CEO of ERA. “The upcoming MOP units from the Bidadari HDB estate, which number close to 1,400, further expands the pool of potential buyers for The Arcady at Boon Keng.”

Potential buyers who wish to visit the sales gallery, located beside City Square Mall, can contact the developers’ appointed marketing agencies listed below or visit their website.…

The sought-after retail units in Lucky Plaza, a mixed-use development situated in Orchard Road, are now up for grabs. With Savills Singapore as its marketing agent, a portfolio of 14 freehold strata units is available for sale at a total of $52.6 million.The units, ranging in size from 118 to 3,046 sq ft, are spread across the basement and first two levels of the six-storey mall. This adds up to 7,266 sq ft of strata area in total. According to Savills Singapore, the standout feature of this offering is a food court that spans seven adjoining strata units, totalling 3,046 sq ft and accommodating 11 stalls. The remaining units are currently tenanted by a mix of businesses, including a pub, retail shops, beauty service providers, and a maid agency.Experts believe that these retail units will benefit from high foot traffic due to their prime location in Lucky Plaza. The basement food court, in particular, is expected to see consistently strong crowds on a daily basis. Savills Singapore’s director of investment sales and capital markets, Sophia Lim, says that the property’s prime location and high demand for freehold strata retail assets will drive up its value in terms of rental growth and capital appreciation.The guide price for the food court is $25.43 million, while the entire portfolio is available for $52.6 million. Meanwhile, individual strata retail units are priced from $1.1 million onwards. Both foreigners and companies are eligible to purchase, and no additional buyer’s or seller’s stamp duty will be imposed.Investors are attracted to these prime strata freehold retail assets due to their scarcity and Urban Redevelopment Authority’s (URA) prohibition on further strata subdivision of commercial properties along Orchard Road. URA’s planned revitalisation of the Orchard precinct is expected to provide further upside for Lucky Plaza in terms of rental growth and capital appreciation. Don’t miss this opportunity to own a piece of prime real estate in one of the most sought-after locations in Singapore.

Investing in a condominium in Singapore has recently gained traction among both local and foreign investors, thanks to the country’s thriving economy, stable political climate, and top-notch quality of life. With numerous opportunities in the real estate market, condos have emerged as a popular choice for their convenience, amenities, and potential for high returns. For those interested in investing in a condo in Singapore, this article will delve into the advantages, factors to consider, and necessary steps to take, with a special focus on Singapore Projects.…

The tender for the Government Land Sale (GLS) site at Tengah Gardens Avenue closed on Jan 14 with three bids. A consortium led by Hong Leong, along with GuocoLand Singapore and CSC Land Group, submitted the highest bid of $675 million, translating to $821 psf per plot ratio (ppr).

Three bids were submitted for the Government Land Sale (GLS) site at Tengah Gardens Avenue, with the top bid of $675 million coming from a consortium led by Hong Leong, along with GuocoLand Singapore and CSC Land Group. This translates to $821 per square foot (psf) per plot ratio (ppr). The 99-year leasehold site, which is zoned for “Residential with Commercial at 1st storey”, spans approximately 273,906 square feet and has a maximum gross floor area (GFA) of 821,720 square feet. The Urban Redevelopment Authority (URA) has estimated that the site can potentially yield up to 860 residential units.

If awarded, the Hong Leong-led consortium plans to build an 860-unit condominium, making use of the enhanced connectivity provided by the upcoming Jurong Region Line (JRL) nearby. This will contribute to the development of the new Tengah estate, according to Loke Kee Yeu, general manager (Projects) at Hong Leong Holdings Limited.

Investing in a condo requires careful consideration of financing options. Singapore has various mortgage choices to offer, but it’s crucial to take note of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the loan amount a borrower can take, taking into account their income and current debt responsibilities. It is crucial to fully comprehend the TDSR and seek guidance from financial advisors or mortgage brokers to make knowledgeable decisions and avoid over-leveraging. Additionally, considering new condo launches can also provide investors with a wide range of financing opportunities to help them maximize their investment potential.

The Tengah Gardens Avenue site is located near the upcoming Hong Kah MRT Station on the JRL, which will be one stop from the upcoming Tengah Town Centre and offer a direct route to the second Central Business District (CBD) at Jurong Lake District.

The top bid of $821 psf ppr for the Tengah Gardens Avenue site is only 0.73% higher than the second-place bid of $815 psf ppr, submitted by Chinese developer Kingsford Group. Local developer Sim Lian Group submitted the third and final bid of $812 psf ppr. This narrow bid price spread of less than 1% indicates that developers are being conservative in their bids, possibly due to cautious sentiment despite the recent increase in homebuyer activity, according to Leonard Tay, head of research at Knight Frank Singapore. Another GLS site at Dairy Farm Walk which closed on the same day received only two bids, possibly indicating that developers are focusing on existing sites that are being prepared for launch in 2025.

Mark Yip, CEO of Huttons Asia, adds that developers are keeping their land bids reasonable to maintain an attractive selling quantum for buyers. He expects to see more joint bids for GLS sites this year as a way for developers to diversify risk. This could be one reason why the number of bids for GLS tenders has been hovering around three.

Marcus Chu, CEO of ERA, also points to the current availability of GLS sites as a possible reason for the low number of bids. With seven sites still open for tender and six more to be launched in the first half of 2025, developers may be taking a measured approach and considering their options amid moderated interest rates.

Justin Quek, CEO of OrangeTee & Tie, notes that the availability of another nearby GLS site along Lakeside Drive and Lakeside MRT may have also tempered interest in the Tengah Gardens Avenue site. Developers may be considering bidding for that site instead, which is scheduled to be launched for tender in April 2025.

Should the site be awarded at the top bid of $821 psf ppr, the average selling price for the new private condominium could be around $2,000 psf, according to PropNex. This could be very attractive to families with school-aged children, as the site is situated within 2km of the future Anglo-Chinese School (Primary). The school is set to become co-ed in 2030, making the site’s proximity even more appealing to potential buyers, adds Ismail Gafoor, CEO of PropNex.

The Tengah Gardens Avenue site will also be the first non-EC private residential site in the Tengah HDB township. The estate’s first EC, Copen Grand, was launched for sale in 2022 and sold out within a month. The joint developers, City Developments Ltd (CDL) and MCL Land, secured the EC site with a winning bid of $400.32 million, or $603 psf ppr, in May 2021. The opportunity to launch the first private condominium in the new Tengah estate may have been a major factor in attracting the Hong Leong-led consortium, as they see it as a chance to replicate their success in other sites such as Lentor, Upper Thomson, and Bugis.

Overall, developers seem to be taking a cautious approach in their bids for GLS sites, possibly due to the current availability of sites and moderated interest rates. However, the Tengah Gardens Avenue site still holds great potential, especially as the first private residential site in the new Tengah estate. With its prime location near upcoming amenities and schools, it could be an attractive option for developers and buyers alike.…

An opportunity has arisen to acquire a rare and highly desirable freehold 15-room loft hotel located at 739-1 Geylang Road in District 14. The property, with a newly constructed 4-storey rear extension, sits on a 1,273 sq ft site and boasts an approved gross floor area (GFA) of up to 3,186 sq ft.

One of the main selling points of this property is its permanent ‘Hotel’ zoning and usage approval, which is a coveted designation for new conservation shophouses in Singapore. This adds to the investment appeal and operational flexibility of the property. Additionally, its prime location, just a 5-minute walk from the Paya Lebar MRT station, provides unbeatable connectivity. The Paya Lebar MRT station serves both the East-West and Circle lines, giving guests easy access to all parts of Singapore.

The hotel, designed with a stylish Japandi theme, is currently under construction and is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The comprehensive sale price includes construction and renovation costs, ensuring that the property is ready for immediate operation upon purchase. This makes it an attractive turnkey investment opportunity for those looking to enter or expand into the hospitality sector.

The property also presents a unique opportunity for investors. The current owner, a seasoned hotel operator, is open to a sale and leaseback arrangement. This means that investors can benefit from immediate rental income and continuity of operations. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., believes that the hotel will appeal to owner operators as they can take advantage of the major renovations and quickly start their operations.

The demand for hospitality assets in Singapore has been steadily increasing, with notable recent transactions such as LHN Group’s $30 million acquisition of Pasir Panjang Inn, a 16,626 sq ft site. In addition, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million earlier last year. Another property in the market is Hotel JJH, a 25-room hotel located at 747 North Bridge Road, with an asking price of $38 million. These transactions reflect the strong demand for well-located, high-quality hospitality assets, which are considered to be one of the most desirable commercial shophouse usage classes in Singapore.

For more information on this property, contact Eva Lau at 92785688, Senior Marketing Director (R062169F) of ERA Realty Network Pte. Ltd.

Singapore has become a popular destination for condo investments due to its dynamic real estate market. However, potential investors must also take into account the government’s property cooling measures. These measures have been put in place to prevent speculative buying and maintain a stable market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a safer environment for condo investment.…

James Cameron has been named as the new head of energy and infrastructure for Asia Pacific for real estate consulting firm JLL. According to JLL, Cameron’s appointment is in line with their long-term capital requirements to facilitate the infrastructure and renewables build-out required to meet the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

Cameron, who has more than 25 years of real asset capital markets experience, will be based in Singapore and will be responsible for building a team in Asia Pacific. His appointment will complement JLL’s EMEA Energy & Infrastructure business, creating a global capital advisory capability to better serve local and international developers and investors.

Stuart Crow, JLL Asia Pacific’s CEO of capital markets, says, “We see significant opportunity to leverage our unique expertise in mobilising multiple sources of capital and JLL’s unrivalled track record in advising renewables transactions globally to serve clients within energy and infrastructure across Asia Pacific.” He adds that Cameron’s experience in this exciting space is unmatched regionally and they are extremely confident in his ability to establish JLL’s leadership position through his expertise and client relationships.

Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams across the region to originate capital raising and transaction advisory opportunities for large infrastructure and renewable transactions serving various types of investors. He has experience mobilising forms of private and public equity and financing across the global and regional infrastructure.

Crow also mentions that Cameron’s background as the global head of commercial real estate at Standard Chartered Bank makes him an ideal choice for the role. “James’ experience in this exciting space is unmatched regionally and we’re extremely confident in his ability to establish JLL’s leadership position through his expertise and client relationships,” he adds.

Assessing the rental yield is a crucial step to consider when investing in a condo. The rental yield refers to the annual rental income in comparison to the property’s purchase price. In Singapore, the rental yields for condos can greatly vary depending on factors such as location, property condition, and market demand. Typically, areas with a high rental demand, such as those near business districts or educational institutions, offer a more favorable rental yield. To gain a better understanding of the rental potential of a specific condo, conducting thorough market research and seeking advice from real estate agents can provide valuable insights. Additionally, exploring Singapore Projects can also aid in assessing the rental yield.…

Two neighbouring Good Class Bungalows (GCBs), located at 52 and 54 Belmont Road in the prestigious Belmont Park GCB area, have been put up for sale through an expression of interest (EOI). According to sources, the owners of the two properties are related.

Sitting on a freehold land area of 41,741 square feet, the two GCBs are being offered with an indicative price of $88.8 million, which translates to $2,128 per square foot (psf) on the land area. The marketing agent for the properties, Sakal Real Estate Partners, also revealed that the combined plots have a 44-metre frontage along Belmont Road and an average depth of 66 metres.

“We believe that this site would appeal to families looking to build a new home for multigenerational living or extended families living together,” says Lennon Koh, Senior Director at Sakal. “Aside from homeowners, this property also presents a great opportunity for developers who are keen to tap into the exclusive GCB market.”

According to data from URA, the most recent transaction along Belmont Road was recorded in December last year, where a GCB with a land area of 19,549 square feet was sold for $40 million ($2,046 psf). Meanwhile, in July 2024, a pair of GCB plots adjacent to each other on Belmont Road were sold for $131.4 million, or $3,000 psf based on their combined land area of 43,790 square feet. Another GCB at Bin Tong Park, with a land area of 28,111 square feet, was sold for $84 million ($2,988 psf) in April.

Steven Ming, Managing Director at Sakal, remains optimistic about the potential of the Belmont Road GCBs, citing their prime location and the strong demand for GCBs. “The estimated total value of GCB transactions in 2024 amounted to $1.32 billion, which exceeded that of 2023 ($433 million) and 2022 ($1.18 billion),” he says. “We are expecting more GCB transactions in 2025.”

The demand for Singapore condos remains consistently high due to the limited amount of land available on this small island nation. With a rapidly increasing population, Singapore faces the challenge of scarcity when it comes to land for development. This has resulted in strict land use regulations and a fiercely competitive real estate market where property prices continue to soar. As a result, investing in real estate, especially in Singapore Condo, has become a highly profitable opportunity with the potential for significant capital appreciation.

The EOI exercise for the two GCBs will close on March 13 at 3pm.…

JLL appoints James Cameron as head of energy and infrastructure for Asia Pacific

Real estate consulting firm JLL has announced the appointment of James Cameron as its head of energy and infrastructure for Asia Pacific. This newly created role will be based in Singapore, according to a press release issued on January 14.

Cameron’s main responsibility will be to establish a team in Asia Pacific, which will complement JLL’s existing energy and infrastructure business in the EMEA region. With this appointment, the firm aims to create a global capital advisory capability to better assist local and international developers and investors.

According to JLL, this move aligns with the long-term requirement for capital to facilitate the development of infrastructure and renewable energy projects. These are crucial for addressing the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

When it comes to investing in real estate, one key factor to consider is location. This is especially important in Singapore, where the right location can greatly impact the value of a property. Condominiums that are located in central areas or near essential amenities, such as schools, shopping malls, and public transportation hubs, tend to see a greater appreciation in value. Prime locations in Singapore include Orchard Road, Marina Bay, and the Central Business District (CBD), all of which have shown consistent growth in property values. The proximity to quality schools and educational institutions also adds to the appeal of condos in these areas, making them highly desirable for families and further increasing their investment potential. For more information on Singapore projects, check out Singapore Projects.

Stuart Crow, CEO of capital markets for JLL Asia Pacific, believes that there is a significant opportunity to leverage their unique expertise in mobilising multiple sources of capital in the energy and infrastructure space. He also mentions JLL’s unrivalled track record in advising on renewables transactions globally.

In his new role, Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams across the region. His primary focus will be on originating capital raising and transaction advisory opportunities for large infrastructure and renewable projects. These include institutional investors, private equity, asset managers, strategic infrastructure and renewable operators and developers, high net-worth individuals, and family offices.

With over 25 years of real asset capital markets experience, Cameron brings a wealth of knowledge to the table. He was previously the global head of commercial real estate at Standard Chartered Bank. His expertise lies in mobilising various forms of private and public equity and financing for infrastructure projects globally and regionally.

Crow has expressed confidence in Cameron’s ability to establish JLL’s leadership position in the energy and infrastructure space. He believes that Cameron’s unmatched experience and client relationships in this field will be instrumental in achieving this goal.…

When purchasing a condo, it is crucial to take into account the maintenance and management aspect of the property. As with most condos, there are maintenance fees that are responsible for the maintenance of communal areas and amenities. Despite the additional expenses, these fees guarantee that the property is kept in excellent condition and maintains its value. To make the investment more passive, investors can hire a property management company to handle the daily management tasks. With the help of a New Condo Launches, owners can ensure the smooth maintenance and management of their condos.

Jan 11 and 12 saw the sale of 87 units in One Bernam, the mixed-use development located in Tanjong Pagar. The project, a joint venture between MCC Land and Hao Yuan Investment, had first been launched in May 2021. Currently, over 75% of the 351 residential units have been sold at an average price of $2,585 psf, according to caveats lodged as at Jan 10.The promotional prices were applied over the weekend to all remaining 87 units, which include one-bedroom, two-bedroom, three-bedroom, and penthouse units. Interested buyers can search for the latest New Launches to find out more about prices and available units.

For one-bedroom units ranging from 441 sq ft to 463 sq ft, the prices were discounted by $323,000 to $438,000, with units sold at prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Meanwhile, the two-bedroom apartments of 700 sq ft to 732 sq ft had discounts ranging from $437,000 to $668,000, with units sold at prices from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). The two-bedroom plus study apartments of 807 sq ft to 872 sq ft also had discounts ranging from $380,000 to $800,000, and were sold at prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf). Three-bedroom apartments of 1,421 sq ft had discounts ranging from $616,000 to $830,000, with units sold at $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).

According to ERA Singapore CEO Marcus Chu, the strong sales performance reflects the high potential of the property as a stable investment. He also shared that 78% of the purchasers bought their units for investment purposes, and 87% of the buyers were Singaporeans aged between 31 and 50.

Following the overwhelming response over the weekend, there are only three penthouses left for sale, bringing total sales to 99%. These include two three-bedroom penthouses with sizes of 1,744 sq ft and 1,948 sq ft, and a five-bedroom unit measuring 4,306 sq ft.

As the project is expected to obtain Temporary Occupation Permit (TOP) in March 2026, investors can start generating rental income, which can help with their loan instalments. Similar properties in the area, such as Altez, 76 Shenton, and EON Shenton, command monthly rents ranging from $6.90 psf to $7.40 psf, according to EdgeProp Landlens data.

Chu also shared that with the hike in Additional Buyer’s Stamp Duty (ABSD) for foreign buyers in 2023, there will be reduced competition from overseas buyers, creating more opportunities for local buyers to enter the market. He also believes that local demand will continue to drive the Central Core Region (CCR) properties, with competitive pricing making them an attractive and stable investment choice.

Interested buyers can check out the latest listings for One Bernam properties and compare price trends of new sale condos vs resale condos. They can also find out the buyer profile for One Bernam and other upcoming new launch projects.…