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

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

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

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

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

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

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

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

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

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

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

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

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

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

According to the 2021 Emerging Trends in Real Estate Global Outlook report, published by PwC and the Urban Land Institute (ULI) on March 12, investors in the Asia Pacific (Apac) region are concerned about low yields and “sluggish” transaction volumes.

The report gathers insights from global asset managers, including US-based Blackstone, UK-based Savills Investment Management, and CBRE Investment Management. Over 70% of survey respondents identified low yields, high interest rates, and geopolitical tensions as the top three concerns among investors.

The report also highlights the continued appeal of Asia Pacific as a diversification strategy for industry leaders, given its growing population and favorable demographic metrics, as well as divergent monetary policies, such as Japan’s decision to increase short-term interest rates.

In 2020, real estate transaction volumes in the region grew by 13% year-on-year, reaching US$173.5 billion ($231.3 billion). This outpaced the growth seen in other regions such as Europe, Middle East, and Africa (EMEA) at 12% year-on-year, and the Americas at 11% year-on-year.

However, as Europe and North America look poised to revitalize their capital markets cycles, with volumes expected to improve even further in these regions, transaction volumes in Apac are projected to remain sluggish.

Last year, a decline in transaction volume impacted liquidity in the Asia Pacific. In China, transactions decreased by 25% year-on-year to US$418.3 billion ($557.6 billion), while Hong Kong SAR saw a 1% decline in transaction volume to US$15.7 billion ($20.9 billion).

Meanwhile, investors in Europe face different concerns. The top three worries among asset managers in the region were international political instability (85%), continued escalation of the region’s conflicts (83%), and Europe’s economic growth (77%).

Data from MSCI, a leading US-based research and data analytics company, also shows that commercial property prices in the US stabilized last year, ending the year down just 0.7%. This may lead investors to focus more on these regions in the coming months.

The report also revealed that data center assets had the highest investment and development prospects across all three regions in 2025.

According to New York-based research firm Green Street, global demand for data centers reached record levels last year, with asking rents increasing at a double-digit pace. MSCI’s latest research marks 2024 as a standout year for this asset class, with acquisitions of existing data centers through single property and portfolio deals increasing by over 60% in the US.

In September last year, Blackstone and the Canada Pension Plan Investment Board (CPP) acquired data center firm AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for over US$16 billion ($21.3 billion). This was the largest commercial real estate deal recorded in Asia Pacific and globally for 2024.

When purchasing a condominium, it is crucial to take into account the upkeep and management of the property. Most condos have maintenance fees that cover the maintenance of shared spaces and amenities. Although these fees may increase the overall cost of ownership, they play a significant role in maintaining the property’s value and keeping it in good condition. Utilizing the services of a property management company can provide investors with a more hands-off approach to managing their condos, making it a more passive investment. Those interested in investing should also consider checking out New Condo Launches to stay updated on the latest opportunities.…

A highly desirable 3-storey shophouse with a 999-year leasehold tenure is now available for sale at 20 Liang Seah Street. Offered by SRI Capital Market, the exclusive marketing agent, interested parties can take part in an expression of interest (EOI) exercise with a guide price of $15 million.

Positioned on a 1,129 sq ft plot in a “residential and commercial” zoned area with a gross plot ratio of 4.2 under the current Master Plan, this intermediate shophouse boasts a built-up area of 2,635 sq ft. With a guide price of $2,635 per square foot (psf), the ground and second floors have already been approved for restaurant use, while the top floor is currently leased for residential purposes. Moreover, the property is situated within the Beach Road secondary settlement conservation area, allowing for potential extensions of up to five storeys with the necessary approvals.

Low Choon Sin, the managing partner of SRI Capital Market, believes that this property would make for an ideal investment for end-users such as F&B tenants or corporate offices. Furthermore, with the option to utilise the third floor as accommodation for staff members, this shophouse is well-suited for businesses with a need for both commercial and residential space. On top of this, the shophouse enjoys excellent frontage along Liang Seah Street, a bustling thoroughfare with heavy vehicular traffic during the day. Additionally, its proximity to the popular dining and shopping options in Bugis adds to the property’s attractiveness.

Low also notes that 20 Liang Seah Street presents an excellent opportunity for investors to acquire a 999-year leasehold property that can be held onto for the long-term. With the continued rejuvenation and development of the Bugis area, including the recent completion of landmark developments like Guoco Midtown and the upcoming Shaw Towers, investors can expect to benefit from the area’s growing vibrancy.

When considering investing in a condominium in Singapore, it is crucial to take into account the government’s property cooling measures. The Singaporean government has implemented several measures over the years to regulate the real estate market and discourage speculative buying. 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. Although these measures may impact the immediate profitability of condo investments, they also contribute to the market’s long-term stability, making it a more secure investment environment for buyers. Therefore, it is advisable to add Singapore Condo to your list of potential investments.

Those interested in this prime shophouse can participate in the EOI exercise, which will conclude on April 10th.…

The highly-publicized boardroom battle between City Developments and a group of board directors, led by Kwek Leng Beng’s son and group CEO, Sherman Kwek, has finally come to a close. Kwek Leng Beng has decided to drop all legal actions against the opposing faction, and the four of them, including the two newly appointed independent directors, Jennifer Duong Young and Su Yen Wong, will continue to serve on the board.

Investing in a condo in Singapore offers numerous benefits, one of which is the potential for capital appreciation. Thanks to its prime location as a global business hub and robust economic fundamentals, there is a constant demand for real estate in Singapore. As a result, property prices in the country have consistently shown an upward trend, with condos in prime areas experiencing significant appreciation. By purchasing a condo at the right time and holding onto it for the long term, investors can enjoy substantial capital gains. Additionally, with the inclusion of Condo, this investment opportunity becomes even more lucrative.

In a statement released by Kwek Leng Beng, he stated that all the board members have reached a consensus to put aside their differences and focus on the greater good of CDL and its stakeholders. He also emphasized the importance of adhering to good corporate governance and maximizing shareholder value.

The company will shift its focus towards strengthening its business, completing ongoing developments in Singapore and globally, expanding its brands under Millennium & Copthorne, and continuing its capital recycling initiatives. Recently, CDL has also acquired five assets in the UK for $357 million, further diversifying its portfolio.

The Residences at W, a luxury residential development under CDL, has also received a strong response, with 65 units sold at an average price of $1,780 per square foot. The company has also put up 11 strata shops at The Venue Shoppes for sale, with a total price tag of $40.77 million.

With the boardroom feud now behind them, CDL can move forward with its plans to enhance shareholder value and continue its growth trajectory.…

Steve Leung Design Group (SLD) is a renowned interior design practice founded by the talented architect and designer, Steve Leung. As part of their business expansion, SLD is teaming up with Italian designer Andrea Bonini to venture into the European market.

The company, listed on the Hong Kong stock exchange, will be establishing its first branch in Europe under the name SLD . Andrea Bonini. This collaboration will offer interior design services and products to clients in both Asia and Europe, catering to high-end residences and luxury hospitality establishments.

The debut of SLD . Andrea Bonini is set to take place in April at the Salone del Mobile, Milan’s prestigious furniture fair. At the event, the brand will also showcase its first collection – a smart home lighting range developed in partnership with smart home manufacturer Moorgen.

This marks SLD’s first venture overseas, and according to a press release on March 11, it is part of a new business strategy focused on “rejuvenation, diversification, and globalization”. The company has over 28 years of experience in the industry and a competitive edge, and aims to bring better lifestyles through design to clients around the world.

Investing in real estate requires careful consideration of location, and this is particularly important in Singapore. One of the main factors that affect the value of condos is their location, with those in central areas and close to important amenities like schools, shopping malls, and public transportation hubs tending to experience higher appreciation in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown strong growth in property values. Additionally, the proximity to reputable schools and educational institutions also adds to the appeal of condos in these areas, making them a highly sought-after investment option for families. For more information on investing in Singapore condos, consider checking out Singapore Condo.…

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Singapore’s condo market remains in high demand due to the limited supply of land. Being a small island nation with a fast-growing population, Singapore is faced with a scarcity of land for development. To combat this issue, the government has implemented strict land use policies, leading to a competitive real estate market and continuously rising property prices. As a result, investing in real estate, particularly condos, has become a highly profitable venture, promising potential for substantial capital appreciation.

CapitaLand Group, one of Asia’s largest real estate companies, recently signed a memorandum of understanding (MOU) with Microsoft in order to leverage the latest advancements in artificial intelligence (AI) for its various businesses. Under the MOU, CapitaLand will be joining Microsoft Singapore’s AI Pinnacle Program, which will give the company access to Microsoft’s platforms, services, and solutions that can help enhance customer engagement and improve operational efficiency across its funds, investments, retail, lodging, and development operations.

This strategic partnership between the two companies will enable CapitaLand to explore potential collaboration opportunities in infrastructure development and leverage Microsoft’s Azure cloud computing platform to design data centers and develop new products for its investment arm. Additionally, CapitaLand will also incorporate AI, data analytics, and machine learning into its digital transformation efforts in order to drive business growth and create more value for its stakeholders.

In a statement, Quah Ley Hoon, group chief corporate officer of CapitaLand Investment, emphasized the significance of this collaboration and how AI will play a key role in shaping the company’s future. She also expressed her confidence in Microsoft’s capabilities in helping CapitaLand achieve its digital transformation goals.

Separately, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, has also signed an MOU with the Singapore Business Federation (SBF) to establish a framework for the integration of AI and other digital technologies across CLI’s retail ecosystem. This initiative will focus on promoting the adoption and proof of concept for AI, data analytics, and cybersecurity solutions among CLI’s retail tenants, as well as developing AI-focused competencies and skills within the organization.

These partnerships highlight CapitaLand’s commitment to embracing technological advancements and exploring innovative solutions that can drive its growth and competitiveness in the long run. With the company’s recent acquisitions and investments in Singapore and Thailand, as well as the successful sale of its One Pearl Bank penthouse, CapitaLand is well-positioned to continue its success and maintain stable cash flow in the future.…

CapitaLand Group has signed a memorandum of understanding with Microsoft to utilize artificial intelligence (AI) and advanced technologies in its businesses. This partnership will see CapitaLand join Microsoft Singapore’s AI Pinnacle Program, gaining access to Microsoft platforms, services, and solutions to improve customer engagement and operational efficiency across its funds, investments, retail, lodging, and development business units.

Specifically, CapitaLand will explore collaboration opportunities in areas such as infrastructure development, utilize Microsoft’s Azure cloud computing platform to enhance CapitaLand Investment’s data center design and products, and incorporate AI, data analytics, and machine learning to strengthen its digital and business transformation efforts.

The metropolitan cityscape of Singapore boasts towering skyscrapers and state-of-the-art structures. Condos, strategically situated in coveted locations, offer a combination of lavishness and convenience that entices both locals and foreigners alike. These modern abodes are equipped with a host of facilities, including swimming pools, fitness centers, and security measures, elevating the standard of living and making them a desirable choice for potential renters and purchasers. For investors, these desirable attributes equate to attractive rental income and a steady appreciation in property value over time. Condos truly offer a desirable living experience in Singapore’s urban setting.

“Our collaboration with Microsoft is a significant step in CapitaLand’s digital transformation journey. AI will play a key role in shaping our future by driving operational efficiencies and creating value for our stakeholders,” says Quah Ley Hoon, group chief corporate officer of CapitaLand Investment.

In addition, CapitaLand Investment (CLI), the real asset management arm of CapitaLand, has also signed an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalization and integration of AI in CLI’s retail ecosystem. This includes supporting the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to boost business efficiency and competitiveness, as well as developing AI-focused skills and competency among retail tenants.

These collaborations highlight CapitaLand’s commitment to digital transformation and its efforts to stay ahead in an evolving business landscape. The company recently acquired three properties in Singapore and Thailand and expects a significant decline in Patmi, with cash flow remaining stable. Its latest development, One Pearl Bank, has also achieved 100% sale with the last penthouse unit being sold.…

An opportunity to acquire a portfolio of 14 retail shops across three popular shopping destinations is now available through an expression of interest (EOI) exercise. ERA Realty Network, the marketing agent for these properties, has set the total price at $26.46 million.

Among the properties on offer are two units at Peninsula Plaza, a 999-year leasehold mixed-use development located on North Bridge Road. These adjoining ground-floor shop units have a combined strata area of approximately 990 sq ft and are seeking a selling price of $8 million, translating to $8,081 psf.

Peninsula Plaza, a landmark 30-storey commercial development that was completed in 1980, boasts a six-storey retail podium and a 24-storey office tower. It is conveniently connected to the City Hall MRT Interchange Station, providing easy access to the North-South and East-West lines.

Over at Sim Lim Square, 11 strata units with a total strata area of 5,081 sq ft are also up for sale. These units are zoned for commercial use and are all located on the fifth floor, with a 99-year lease that commenced in April 1983, leaving about 57 years on the lease. Most of these units are currently tenanted. Facing the mall’s main atrium, they offer direct access from the escalators and lifts.

Potential buyers have the option to purchase these units individually or as a collective portfolio. Individual units are priced from $840,000, while the entire portfolio is asking for $15.855 million, which ERA states is a 20% discount from its latest valuation. This works out to $3,120 psf on the strata area.

Sim Lim Square, a strata-titled commercial development on Rochor Canal Road in District 7, was completed in 1987 and houses 492 commercial units across six floors and two basement levels.

Finally, the remaining unit on offer is located at Far East Plaza on Scotts Road. This freehold retail unit on the second floor boasts a strata floor area of 355 sq ft and is facing the escalator near the mall’s main entrance. It is priced at $2.6 million, or $7,324 psf.

Far East Plaza is a mixed-use development completed in 1982, with a five-storey retail mall and serviced apartments. It is situated within walking distance of the Orchard Road MRT Station.

According to Donald Goh, director of capital markets and investment sales at ERA, these properties are likely to attract interest from both property investors and business owners. He points out that despite the challenges faced by the retail sector, there were still 28 and 33 strata retail transactions recorded in the Downtown Core and Orchard Planning Area respectively in the past year. Goh adds, “Recent sales at Lucky Plaza, Orchard Towers and The 101 show that strata retail shops remain an attractive investment with prices reaching as high as $15,242 psf, $5,309 psf and $5,657 psf respectively.”

Selecting an ideal location is a crucial factor in real estate investing, particularly in Singapore. In terms of condos, their worth tends to appreciate more if they are strategically situated in central areas or near essential facilities like schools, shopping centers, and transportation hubs. Prime spots like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown significant growth in property values. Moreover, the presence of prestigious schools and educational institutions in these areas makes condos highly desirable for families, making them even more profitable investments. Taking into account all these elements, opting for a condo in a prime location in Singapore can prove to be a wise choice.

The EOI for these properties will close on April 17 at 3pm. Interested parties can check out the latest listings for Peninsula Plaza properties.…

GuocoLand, together with its joint venture partners TID and Hong Leong Holdings, have recently secured a green club facility worth $367.1 million from DBS Bank to develop their Faber Walk site. This residential land parcel was acquired through a Government Land Sale tender in November last year, with GuocoLand and its partners submitting the highest bid of $349.86 million, equivalent to $900 per square foot per plot ratio for the 277,659 square foot site.

The upcoming development on Faber Walk will consist of nine low-rise blocks, offering a total of 399 residential units. It is located in the exclusive landed private residential enclave of Faber Walk, which is adjacent to the Faber Hills estate. Situated next to the Pandan River and the forthcoming Old Jurong Line Nature Trail, this waterfront development boasts a prime location.

It is crucial for international investors to have a thorough understanding of the regulations and limitations pertaining to property ownership in Singapore. As compared to landed properties, which have more stringent ownership rules, foreigners are typically allowed to purchase condos with ease. Nevertheless, foreign buyers are obligated to pay the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their initial property purchase. Despite the added expenses, the stability and potential for growth in the Singapore real estate market remain highly appealing to foreign investors. The attractiveness of Singapore Condos continues to drive foreign investment in the country.

The green facility secured by GuocoLand for this project complements their existing sustainable initiatives across their other developments, such as Guoco Tower on Wallich Street, Guoco Midtown on Beach Road, Midtown Modern on Tan Quee Lan Street, and Lentor Mansion in Lentor Gardens.

Dora Chng, the residential director of GuocoLand, expresses excitement for the project, saying, “We are thrilled to leverage the group’s end-to-end value chain capabilities in creating sustainable developments with biophilic designs for our residents, similar to our successful launches like Lentor Modern and Lentor Mansion in the Lentor Hills estate.”

Upon completion, the Faber Walk development is expected to achieve the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge, in line with GuocoLand’s commitment to sustainability.

In addition to the Faber Walk project, GuocoLand’s future plans include a 941-unit development at their Upper Thomson Road (Parcel B) site, which they acquired last April. This joint development with Hong Leong Holdings is set for launch in the second half of the year.…