Month: February 2025

A luxurious four-bedroom duplex apartment at the prestigious freehold 3 Orchard By-The-Park condominium is now available for sale through an expression of interest exercise, with a guide price of $15.8 million.

The 3,800 sq ft unit translates to roughly $4,158 per square foot, according to marketing agent Huttons Asia. It boasts a ceiling height of 4m and a private lift, with three of the four bedrooms featuring ensuite bathrooms. The unit underwent a major renovation three years ago, with a whopping $700,000 spent on the revamp, as per Huttons.

Designed by renowned Italian architect Antonia Citterio, 3 Orchard By-The-Park comprises three 25-storey towers, offering a total of 77 exclusive units. These include two- to four-bedroom apartments ranging from 1,066 sq ft to 3,800 sq ft, as well as luxurious penthouses spanning from 6,555 sq ft to 6,900 sq ft.

Strategically located on Orchard Boulevard, the development is within close proximity to the famous Orchard Road shopping belt, and is surrounded by esteemed educational institutions such as Anglo-Chinese School (Junior), Anglo-Chinese School (Primary), ISS International School (Elementary & Middle School Campus), and Singapore Chinese Girls’ School (Primary). The Orchard Boulevard MRT Station (Thomson-East Coast Line) is also conveniently nearby.

According to recent transactions, the EOI for this unit at 3 Orchard By-The-Park will close on March 5 at 4pm. To explore more listings for this prestigious condominium, check out the latest properties at EdgeProp Buddy. For further insights, you can also compare the price trend of new sale condos versus resale condos, and find out the rental yield for 3 Orchard By-The-Park. You can also discover other condominium projects with the most expensive average price per square foot in District 10.

Investing in a condo in Singapore offers numerous advantages, one of which is the potential for capital appreciation. Due to its strategic position as a global business hub and robust economic fundamentals, Singapore consistently experiences high demand for real estate. As a result, property prices in the country have continuously increased over time, particularly for condos in prime locations. Savvy investors who enter the market at the opportune moment and hold onto their properties for a considerable period can reap significant profits in terms of capital gains. By exploring the various Singapore Projects, investors can identify the most promising options for long-term financial growth.

In other related news, an accused money launderer is facing seven new charges, having reportedly spent large sums on luxurious goods and the rental of a bungalow and luxury condos. Additionally, ticket sizes for Core Central Region (CCR) condos have dropped by 20% over a span of just five months, while the last tower of 3 Orchard By-The-Park has recently been launched, with four units already sold at prices ranging from $3,850 per square foot to $4,100 per square foot.…

According to the latest quarterly research report from Huttons Asia, the shophouse market has remained relatively subdued in the year 2024 with only 84 caveated transactions recorded. This number falls below the average of 200 deals per year between 1995 and 2023. However, Lee Sze Teck, senior director of data analytics at Huttons Asia, comments that there may have been more unrecorded deals as quite a number of buyers did not lodge a caveat last year. This suggests that shophouse transactions in 2024 could possibly be the lowest since 1998.

In terms of transaction volume and quantum, the 84 caveated shophouse deals in 2024 had a total value of $683.6 million, a 38.9% decrease from the previous year’s deal value of $1.1 billion. Lee also mentioned that some of the unrecorded deals in 2024 were substantial, with properties on Amoy Street, Neil Road, North Bridge Road, and Telok Ayer Street estimated to have been sold for over $200 million each.

The largest shophouse deal in 2024 was the divestment of The Rail Mall by Paragon REIT for $78.5 million in June. This strip mall on Upper Bukit Timah Road comprises of 43 shop units and is likely to be the biggest shophouse deal on record, surpassing the previous high of $74.8 million paid for a row of shophouses along Jalan Sultan in March 2022.

The Rail Mall shophouses were valued at $62 million as of December 2023, indicating a gain of around $16.5 million for the seller. Most of the shophouse deals in 2024 were transacted at smaller quantums, with over half of the caveated deals falling within the range of $5 million to $15 million.

Additionally, almost half of the shophouse transactions in 2024 took place in District 8, which Lee attributes to its desirable city-fringe location and comparatively lower prices compared to Districts 1 and 2.

Meanwhile, shophouse rents across the island continued to moderate for the second consecutive quarter, with a 2.6% quarter-on-quarter decline to $6.47 per square foot per month in 4Q2024. However, for the entire year, shophouse rents saw a 1.7% increase.

Overall, despite the relatively muted shophouse market in the year 2024, there were still noteworthy transactions that took place across the island, with District 8 remaining a popular location for shophouse purchases.

The Singapore Condo market offers a plethora of benefits, with one of the most attractive being the potential for capital appreciation. Situated as a prominent global business hub, Singapore boasts strong economic fundamentals that drive a constant demand for real estate. As a result, property prices in the country have consistently risen over the years, particularly in prime areas where condos reign supreme. For investors who possess the foresight to enter the market at the right time and hold onto their properties for an extended period, they can reap the rewards of substantial capital gains.…

Rewritten:

According to the Singapore Market Outlook 2025 report released by CBRE on January 23, the real estate market may experience divergent outcomes in the next 12 months due to an uncertain macroeconomic outlook.

On one hand, the easing inflation and interest rates are expected to provide some relief for the property market in 2025. However, Moray Armstrong, managing director and advisory services at CBRE, warns that the projected slow economic growth may have a negative impact on property demand.

The Ministry of Trade and Industry is predicting Singapore’s GDP growth to be between 1% and 3% in 2025, a decrease from the 4% growth seen in 2024 based on advance estimates released in January.

Armstrong notes that other factors such as ongoing geopolitical tensions, a new US administration with a nationalistic economic agenda, and the expected release of the URA Master Plan 2025 in the middle of the year may also influence the market in the near future. However, despite these uncertain signals, opportunities still exist for those who can capitalize on emerging trends in the real estate market, he adds.

Tricia Song, CBRE’s head of research for Singapore and Southeast Asia, also remains positive, stating that the limited supply and stable demand continue to bolster the property market. She predicts that the Singapore real estate market will continue to demonstrate its stability and resilience, making it attractive to investors from around the world.

New launches are expected to sustain the momentum of private residential sales. According to the URA data, developer sales volume tripled to 3,511 units in the last quarter, rebounding from record lows in the first nine months of 2024. Prices also saw a 2.3% quarterly growth, the highest in 2024.

Although this rebound may spark speculation of cooling measures being implemented, CBRE believes this is unlikely unless prices increase significantly in the next few quarters. With improved buying sentiment, developers are projected to launch about 12,000 to 14,000 units this year, nearly doubling the 6,647 units launched in 2024. As a result, CBRE estimates 7,000 to 8,000 new homes will be sold in 2025, an increase from the 6,469 units sold in 2024. This higher volume is expected to contribute to a price growth of 3% to 6% in 2025, continuing the 3.9% growth seen in 2024. Rental rates are also predicted to increase between 1% and 3% this year.

Limited supply is also expected to support prime office and retail rents. The office market saw slower growth in 2024 due to global economic uncertainties, high fit-out costs, and hybrid work arrangements. Core CBD (Grade A) rents only grew by 0.4% year on year, compared to the 1.7% growth seen in 2023.

In summary, the purchase of a condo in Singapore offers various benefits, including a strong demand, potential for increased value, and attractive rental returns. However, it is crucial to carefully evaluate factors like the condo’s location, financing options, government regulations, and the current market conditions. By conducting thorough research and seeking professional guidance, investors can make well-informed decisions and maximize their investments in Singapore’s dynamic real estate market. Whether a local investor seeking to diversify their portfolio or a foreign buyer looking for a stable and profitable investment, new condo launches in Singapore present a compelling opportunity.

As economic growth is expected to slow in 2025, the demand for office leasing is also projected to remain muted. However, the limited pipeline of new Core CBD (Grade A) offices over the next three years is expected to keep vacancy rates low. Only about 0.58 million sq ft of new office space will be completed each year between 2025 and 2027, less than half of the 10-year average of 1.28 million sq ft per year. As a result, CBRE predicts a rental growth of about 2% for Core CBD (Grade A) offices in 2025, in line with GDP projections.

Limited supply is also expected to support retail rents. The supply of new retail space is forecasted to decrease to 0.5 million sq ft in 2025, a 40.4% decrease from 2024 and significantly lower than the 10-year average of 0.91 million sq ft per year. CBRE also notes that leasing sentiment for retail properties remains positive due to inbound tourism and a strong pipeline of entertainment and other events. As a result, the firm predicts average retail prime rents will increase by 2% to 3% in 2025, returning to pre-pandemic levels.

Prime logistics rents, on the other hand, are expected to remain flat due to subdued expansion demand by occupiers and a bumper supply of almost 5 million sq ft of warehouse space expected to be completed in 2025. However, more than half of this new space has already been pre-committed, which should alleviate pressure on occupancy rates. CBRE predicts that prime logistics rents will remain relatively stable in 2025.

Despite the uncertain economic and geopolitical climate, CBRE anticipates real estate investment volume in Singapore to continue growing in 2025 but at a slower pace. In 2024, investment volumes increased by 28% year on year to $28.62 billion, reversing the 30.3% decline seen in the previous year. This was influenced by interest rate cuts that boosted investor sentiment, which is expected to continue into 2025. According to CBRE’s latest Asia Pacific Investor Intentions Survey, the majority of investors are likely to purchase the same or more properties in Singapore in 2025 compared to 2024.

However, CBRE believes that investors may be more selective in the near future, choosing to invest in specific sectors or strategies with a more favorable outlook due to ongoing uncertainties. Therefore, the firm predicts a 10% year on year growth in investment volume in 2025, assuming there are no major macroeconomic shocks.

According to CBRE’s survey, the industrial and logistics sector remains the top choice among investors, followed by residential and office properties.…

The most profitable resale transaction over the period of Jan 14 to 28 was the sale of a three-bedroom unit at Palm Spring. The 1,884 sq ft unit on the fourth floor was sold for $4.4 million, resulting in a profit of $3.19 million (264%). The sale also set a record for the highest profit achieved at Palm Spring to date. The condo, located on Ewe Boon Road in prime District 10, has seen consistent price increases over the past 20 years, with resale prices increasing from $973 psf in January 2005 to $2,342 psf in January this year. This freehold development is conveniently located near the Stevens and Newton MRT Interchanges, providing easy access to the rest of the city. Meanwhile, the second most profitable resale transaction during the same period was at Orchard Bel Air, where a four-bedroom unit was sold for $4.65 million, resulting in a profit of $3 million (182%). Located on Orchard Boulevard in prime District 10, this 99-year leasehold condo has an average price of $3,043 psf. The neighbouring Cuscaden Reserve, a 192-unit luxury condo, commands a slightly higher price of $3,043 psf. However, the most unprofitable transaction during this period occurred at Marina Bay Suites, with the seller of a 1,625 sq ft unit incurring a loss of $1.15 million (27%). This 99-year leasehold condo, located as part of the Marina Bay Financial Centre mixed-use development, has seen a decline in average selling prices over the past few years, with the latest transaction fetching $1,907 psf, down from $2,502 psf five years ago. Nearby 99-year leasehold condos such as The Sail @ Marina Bay, Marina Bay Residences, Marina One and V on Shenton command higher resale prices.

Rewriting:

One of the advantages of investing in a condo is the potential to utilize its value for future investments. Numerous investors leverage their condos as collateral to secure additional financing for other investments, allowing them to grow their real estate portfolio. While this approach can potentially increase profits, it also carries risks. Therefore, it is essential to have a solid financial strategy and carefully consider the potential consequences of market fluctuations. To learn more about investing in condos, visit Condo.…

A three-bedroom unit at Watertown, the residential component of the Waterway Point integrated development in Punggol, is set to be featured in SRI’s upcoming auction on February 26th.

Previously listed for sale in SRI’s January auction, the 1,281 sq ft unit is being sold by the mortgagee with a guide price of $2.4 million, amounting to about $1,874 per square foot (psf). Despite only receiving one bid at the previous auction, the property was withdrawn due to the bid falling below the reserve price.

Located on the 13th floor, the unit features a combined living and dining area, an open-concept kitchen, a utility room and toilet, and a south-facing balcony that overlooks one of the condo’s 20 swimming pools. Additionally, there is an ensuite master bedroom, two other bedrooms, and a common bathroom.

The current owners had bought the unit from the developers for approximately $1.8 million ($1,281 psf) in October 2013, according to URA caveats. This year, only one unit has changed hands at Watertown so far – a two-bedroom unit measuring 958 sq ft that was sold for $1.7 million ($1,775 psf) on January 19. In 2020, there were a total of 41 resale transactions at the condo with an average price of $1,700 psf.

According to Eric Liew, manager of auctions and sales at SRI, larger units at Watertown tend to see a higher demand and can command a higher psf price. Out of the 41 resale transactions last year, 10 involved larger units with three or more bedrooms that were sold at an average price of $1,854 psf, approximately 9% higher than the condo’s overall average transacted price for the year.

Liew also noted that most of the interest for these larger units came from HDB upgraders looking for a bargain or individuals planning to use the unit as their primary residence due to its convenient location next to Punggol MRT Station.

Featuring 992 units spread across 11 residential towers above the six-storey Waterway Point shopping centre, Watertown offers one- to two-bedroom units that range from 533 to 1,003 sq ft, and three- and four-bedroom units that span 821 to 1,582 sq ft.

Waterway Point is seamlessly connected to Punggol MRT Station on the North East Line and Punggol LRT Station, and was jointly developed by Far East Organisation, Frasers Centrepoint, and Sekisui House. Families with young children will find several primary schools situated in the area, including Edgefield Primary School, Oasis Primary School, Punggol Green Primary School, Compassvale Primary School, and Punggol Cove Primary School.

Buyers interested in the Watertown unit for sale, or who would like to check out other condominium properties, can visit EdgeProp for more information.

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As an investor, securing financing is a crucial step in investing in a condominium. Fortunately, Singapore has a variety of mortgage choices available. However, it is important to note the Total Debt Servicing Ratio (TDSR) framework, which sets a cap on the loan amount that can be taken based on the borrower’s income and existing debt commitments. Being well-informed about the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making sound decisions regarding their financing options and preventing potential over-leveraging. Additionally, keeping an eye out for promising Singapore projects through platforms like Singapore Projects can also aid in making informed investment choices.…

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The limited availability of land in Singapore is a key factor contributing to the high demand for condos in the country. As a small island nation with a rapidly expanding population, Singapore is facing a scarcity of land for development. This has resulted in the implementation of stringent land use policies and a fiercely competitive real estate market, driving property prices to consistently rise. As a result, investing in real estate, specifically in condos, has become an attractive opportunity for capital appreciation. With Singapore Projects on the rise, the demand for condos is only expected to continue increasing in the future.

The government has recently announced its decision to extend the Central Business District Incentive (CBDI) and Strategic Development Incentive (SDI) schemes for another five years. These schemes were initially introduced in November 2019 and were announced by Desmond Lee, Minister of National Development (MND), during the Real Estate Developers’ Association of Singapore (Redas) annual Spring Festival lunch on Feb 7.

The main objective of the CBDI scheme is to encourage the conversion of existing older office buildings in certain areas of the Central Business District (CBD) into mixed-use developments. These areas include Tanjong Pagar, Robinson Road, and Shenton Way. The aim is to bring in more homes, increase the residential population in the CBD, and diversify the types of activities in the traditionally commercial-centered district.

On the other hand, the SDI was introduced to promote the redevelopment of older developments in strategic areas, in order to bring about significant changes within the surrounding urban environments. These strategic areas include Orchard Road, the Central Business District, and Marina Centre.

According to the Urban Redevelopment Authority (URA), out of the 17 proposals submitted for the CBDI scheme, 14 have been granted in-principle approval. Similarly, out of the 12 proposals submitted for the SDI scheme, seven have also been granted in-principle approval. Currently, there are four CBDI projects under construction in the Anson-Tanjong Pagar area. These include Newport Plaza, which is a mixed-use development on 80 Anson Road, comprising of 246 residential units and 198 serviced apartment units. The Skywaters Residences, located at 8 Shenton Way, is another mixed-use development comprising of 190 luxury residential units. There are also two commercial developments at 15 Hoe Chiang Road and 51 Anson Road.

However, the extension of the CBDI and SDI schemes for the next five years will come with some changes, as stated by Minister Lee. In particular, the CBDI scheme will now cover commercial developments in Anson and Cecil. Developers and property owners who submit proposals for these areas will have the option to retain their commercial zoning, as long as 40% of the new floor area is used for non-commercial purposes, such as long-stay serviced apartment units.

Under the new guidelines, CBDI applicants who plan to redevelop in Anson and Cecil will need to provide at least 200 residential units or allocate the entire non-commercial floor area for long-stay serviced apartments, whichever is lower. Previously, only 40% of the new floor area had to be allocated for non-commercial use in order to retain the existing commercial zoning.

According to Minister Lee, these incentives aim to promote the continual renewal of aging buildings in the city center and bring in more residential units, thereby making the CBD a vibrant place to work, live, and play. Marcus Chu, CEO of ERA Singapore, also adds that the CBDI and SDI schemes can greatly contribute to the revitalization and rejuvenation of the city center.

In addition, the revamped CBDI and SDI schemes will now include new sustainability requirements, and all new applications will have to include a sustainability statement that evaluates the feasibility of retrofitting part, or all, of the existing building. Minister Lee emphasizes the importance of avoiding wasteful demolition and excessive rebuilding, especially for relatively young buildings that are still in good condition.

Some projects under the CBDI and SDI schemes have already gone beyond the mandatory sustainability requirements. For example, Union Square, a mixed-use development at Havelock Road, is incorporating a district cooling system. Interested buyers can also check out the latest listings for Skywaters Residences properties and get information on upcoming new launch projects, as well as recent condo sales transactions in District 1.…

Perennial Holdings and Far East Organization have revealed their latest development, Aurea, which will be a luxury apartment tower located at the Golden Mile Singapore mixed-use development on Beach Road. The tower has been designed by DP Architects and will feature 188 units spread across 45 storeys, occupying a site area of 144,908 sq ft. The tower will also have a link bridge that connects it to the neighbouring commercial building, The Golden Mile, which offers a mix of retail space, medical suites and offices.

The Golden Mile was formerly known as the Golden Mile Complex and is a conserved building due to its architectural heritage. This marks the first collective sale and conservation of a building. In May 2022, Perennial Holdings and Far East Organization purchased the building en bloc for $700 million. The project is expected to attract interest from discerning individuals and families who value a prime location within the Downtown Core and the Core Central Region (CCR), as stated by Shaw Lay See, Chief Operating Officer of Far East Organization’s Sales & Leasing Group.

Aurea’s preview, which is available by appointment only, will begin on February 22nd, followed by its official launch on March 8th. The apartments will be priced from $2,750 psf, with two-bedroom units starting at $1.92 million ($2,972 psf). The residence within Aurea offers a variety of unit types, including two- and three-bedroom apartments ranging from 635 sq ft to 1,001 sq ft, four-bedroom units from 1,442 sq ft to 1,798 sq ft, and five-bedroom units from 2,863 sq ft to 3,251 sq ft. The development also features two exclusive penthouses, a six-bedroom duplex spanning 5,608 sq ft, and a six-bedroom triplex of 8,816 sq ft. The larger units and penthouses will have private lift access, and the triplex penthouse will also have a private pool. These units cater to the affluent lifestyles of CCR homebuyers, according to Marcus Chu, CEO of ERA Singapore.

The project also offers various facilities for its residents, including two infinity pools on levels three and 33, a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions for hosting guests. The sky terraces on levels 17 and 33 offer panoramic views of the CBD skyline, Marina Bay, and the Kallang waterfront, adding to the allure of the development. Ken Low, Managing Partner of SRI, explains that homebuyers today look for more than just a desirable location; they also want a home that enhances their daily lives, and Aurea delivers on all these aspects.

The commercial component of the Golden Mile, which includes 156 strata office units and 19 medical suites, was launched for sale in December 2024. The joint venture partners, Perennial and Far East, plan to retain ownership of the revamped two-storey retail atrium to curate the tenant mix. The location and potential of the commercial space, particularly the office space, may attract buyers, according to Ismail Gafoor, CEO of PropNex. He adds that modern buyers prioritize quality projects with convenient access to essential amenities, such as an MRT station, and Golden Mile Singapore ticks all these boxes with its location near the Nicoll Highway MRT Station and easy access to major roadways such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE). Additionally, the development is just 1km away from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-min drive from the CBD.

for additional context:

When it comes to real estate investments, location is key, and this is especially true in Singapore. In order to maximize returns, it is important to choose a condo in a prime location. This could be in central areas or near important amenities such as schools, shopping centers, and public transportation hubs. Take, for example, the highly sought after areas of Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently risen over time. Families also tend to look for condos near good schools and educational institutions, making these locations even more desirable and increasing their potential for investment. In Singapore, investing in a condo in a prime location, such as those mentioned above, can be a wise decision for those looking to enter the real estate market. Adding Singapore Condo to the rewritten paragraph adds additional context and highlights the importance of choosing the right location for a successful investment.

The last launch in the Beach Road neighbourhood of District 7 was Midtown Modern, a 558-unit development that is expected to obtain TOP this year. All units have been sold at an average price of $2,825 psf. The M, a neighbouring 522-unit development, was also fully sold in 2020 at an average price of $2,528 psf and was completed in March 2024. The 219-unit Midtown Bay at Guoco Midtown was completed last year, with about 63% of its units sold as of Feb 5 at an average price of $3,090 psf.

Given Aurea’s prime location, upscale residences, and the iconic architectural heritage of Golden Mile, PropNex’s CEO Gafoor believes that unit prices could cross $3,000 psf. He also anticipates strong demand for new homes in the area, considering the success of past launches in the district. Aurea is expected to be completed in the second quarter of 2029, and interested parties can check out the latest listings and property options available.…

Perennial Holdings and Far East Organization have recently announced their joint plans for Aurea, a premier luxury apartment tower that will be part of the Golden Mile Singapore mixed-use development located along Beach Road. Designed by DP Architects, the 45-storey residential tower will feature 188 units on a site area of 144,908 sq ft. It will also have a link bridge connecting it to the neighboring The Golden Mile, a commercial building that includes retail space, medical suites, and offices.

The Golden Mile, formerly known as the Golden Mile Complex, was recently conserved for its architectural heritage and marked the first ever collective sale and conservation of a building. In May 2022, Perennial Holdings and Far East Organization acquired the building en bloc for $700 million.

Located in the prime District 7 in the Downtown Core and part of the Core Central Region (CCR), Aurea and The Golden Mile are expected to attract a strong interest from discerning individuals and families who appreciate the exclusivity of a prime Downtown Core address, according to Shaw Lay See, chief operating officer at Far East Organization’s sales & leasing group. The preview for Aurea will begin on Feb 22, with its launch scheduled for Mar 8. Prices for the apartments start at $2,750 psf and units range from two-bedroom apartments of 646 sq ft starting at $1.92 million ($2,972 psf), to five-bedroom units of 2,863 sq ft to 3,251 sq ft.

The residences within Aurea comprise a wide range of unit types, including two- and three-bedroom apartments ranging from 635 sq ft to 1,001 sq ft, four-bedroom units from 1,442 sq ft to 1,798 sq ft, and five-bedroom units from 2,863 sq ft to 3,251 sq ft. There are also two exclusive penthouses – a six-bedroom duplex spanning 5,608 sq ft and a six-bedroom triplex of 8,816 sq ft. Larger units of four bedrooms and above will feature private lift access, and the triplex penthouse will have a private pool. According to Marcus Chu, CEO of ERA Singapore, these larger units cater to the affluent lifestyles of CCR homebuyers.

Golden Mile Singapore also comprises 156 strata office units and 19 medical suites, which were launched for sale in December 2024. The joint venture partners Perennial and Far East have decided to retain ownership of the revamped two-storey retail atrium to curate the tenant mix. According to Ismail Gafoor, CEO of PropNex, the iconic former Golden Mile Complex and the potential of the commercial space, especially office space, may attract buyers. He adds that buyers today prioritize quality projects near an MRT station and convenient access to essential amenities. The Golden Mile is just 1km away from the Kallang Alive Precinct, the Bras Basah-Bugis district and a 10-min drive from the CBD.

The last launch in the Beach Road neighborhood of District 7 was the 558-unit Midtown Modern in 2021, which has been entirely sold at an average price of around $2,825 psf. The project is expected to obtain its TOP sometime this year. This launch was preceded by the neighboring 522-unit The M, which was entirely sold at an average price of $2,528 psf and was completed in March 2024. Another project, the 219-unit Midtown Bay at Guoco Midtown, was completed last year and has seen around 63% of its units taken up as of Feb 5 at an average price of $3,090 psf.

The demand for condos in Singapore has been steadily increasing among both local and foreign investors, thanks to the country’s strong economy, stable political climate, and excellent quality of life. With its flourishing real estate market, Singapore presents a plethora of investment opportunities, and condos are a particularly attractive option due to their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when venturing into Singapore’s condo market. For more information on Singapore condos, visit Singapore Condo.

Given the location of Aurea, its upscale residences, and the conservation of The Golden Mile, Ismail Gafoor estimates that the prices of the apartment units could surpass $3,000 psf. He believes that there may be pent-up demand for new homes in the area, and that Aurea could attract healthy interest from prospective homebuyers and investors. The Aurea is expected to be completed in 2Q2029.…

The joint developers MCL Land and CSC Land Group are excited to introduce their newest project, Elta. This 501-unit residential development is located in the highly sought after area of Clementi and is set to launch for preview on Feb 7, with sales to begin on Feb 22.

Sitting on a 99-year leasehold land site of approximately 144,788 sq ft along Clementi Avenue 1, Elta consists of two 39-storey buildings. The units range from one-bedroom-plus-study to five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. The development has been designed in accordance with URA’s harmonisation guidelines.

When it comes to investing in a condominium, securing financing is a crucial factor to consider. Fortunately, Singapore offers a variety of mortgage choices. However, it is crucial to familiarize oneself with the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the amount of loan a borrower can obtain based on their income and current debt commitments. To make informed decisions about financing and avoid taking on too much debt, it is essential to understand TDSR and consult with financial advisors or mortgage brokers. Consider reaching out to Singapore Condo for expert guidance on financing options.

Interested buyers can find the latest information on available units and prices for Elta. Indicative pricing for the units start from $1.158 million ($2,289 psf) for one-bedroom-plus-study units, $1.388 million ($2,261 psf) for two-bedroom units, and $2.198 million ($2,374 psf) for three-bedroom units. For larger units, pricing starts from $2.798 million ($2,363 psf) for four-bedroom units and $3.888 million ($$2,189 psf) for five-bedroom units.

The showflat for this residential development, located along Prince Charles Crescent, will feature three layouts: a two-bedroom plus study unit that can be transformed into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit suitable for multi-generational living.

Elta also boasts a prime location within walking distance of Clementi MRT Station on the East-West Line. It is also close to numerous dining and shopping options, such as The Clementi Mall, 321 Clementi, and Grantral Mall. Families with school-going children will appreciate the proximity to schools like Clementi Primary School, Pei Tong Primary School, Nan Hua Primary and High School, Anglo-Chinese School (Independent), and NUS High School of Math and Science.

According to MCL Land CEO, Lee Tong Voon, Elta is designed to provide residents with the best views of the city, Pandan Reservoir, and the sea. Qian Liang Zhong, chairman of China Construction (South Pacific) Development Co (CCDC) – the parent company of CSC Land Group – adds that Clementi is a bustling town with a good mix of traditional shops and modern amenities.

Elta offers 50 facilities spread across five zones, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner. The development is expected to receive its temporary occupation permit in 2028. For more information on Elta, interested buyers can check out the latest listings for condominium properties. They can also compare the price trends of condo new sales versus executive condominium new sales, and check out the most expensive average psf for condo projects and the highest profits from condo transactions in the past year. Additionally, they can also compare the price trends for HDB, condo, and landed properties and find any condo rental listings in District 5.…

Wed, Feb 03, 2021 – 3:09 PM

When it comes to investing in a condo, securing financing is a crucial factor to consider. Fortunately, Singapore provides a variety of mortgage choices, but it is crucial to understand and adhere to the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan a borrower can obtain based on their income and current debt liabilities. To make well-informed decisions about financing, investors should familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers. Moreover, considering Singapore Projects can also help in making practical financing decisions and prevent over-leveraging.

An exclusive marketing agent, Knight Frank Singapore, is offering a high-specification warehouse and factory in Gul Circle for sale via an expression of interest. The property, with a guide price of $42 million, consists of a five-storey single-user factory and warehouse that also includes a mezzanine with four floors. The total gross floor area is approximately 245,955 sq ft. The site, with a remaining tenure of 15 years and 11 months as of February 1, sits on 105,648 sq ft of land and is zoned as a Business 2 site under URA Master Plan 2019.

The property has been specifically designed to meet the demands of modern industries, with features such as high ceilings for storage and operations, cold rooms, and heavy floor loading capacity to accommodate various industries. There are nine 40-footer loading and unloading bays with dock levelers, as well as four cargo and service elevators. The location is also highly convenient, with close proximity to major expressways, such as Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), as well as Joo Koon MRT station.

The expression of interest exercise will close on March 18 at 3pm. Interested parties are invited to submit their bids. This property presents a unique opportunity for businesses looking for a state-of-the-art warehouse and factory in a prime location. With its high-specifications and strategic location, it is sure to attract a lot of attention from potential buyers.…