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8M Residences, a freehold condo in District 15, topped the list of private condos to hit a new psf-price peak in the week of Feb 1 to 7. The development achieved a new high of $2,384 psf when a two-bedroom unit on the 15th floor was sold for $1.54 million on Feb 3. This marks the first time a unit at 8M Residences has been sold for more than $2,300 psf, surpassing its previous peak of $2,261 psf set in April 2023 when a similar unit was sold for $1.46 million.8M Residences also recorded another transaction during the period in review that topped its previous record. On Feb 3, a one-bedroom unit on the 11th floor was sold for $1.2 million ($2,275 psf).The average price of units at 8M Residences has consistently risen over the last three years, based on a 12-month rolling average. From $2,028 psf in February 2022, the average price increased by 7.3% to $2,177 psf in February 2025. The development, completed in 2017, is a 20-storey residential tower with 68 units ranging from one to three bedrooms and four penthouses.8M Residences is within walking distance of EtonHouse International Pre-School, Katong Swimming Complex, and Katong Park MRT Station along the Thomson-East Coast Line.Meanwhile, the sale of a three-bedroom unit at Kovan Jewel, a freehold condo along Kovan Road in District 19, took second place on the list of condos that achieved a new psf-price high. A unit on the second floor was sold for $2.41 million on Feb 7, setting a new high of $2,236 psf. This surpasses the previous peak of $2,228 psf set last August when a similar unit on the fourth floor was sold for $2.4 million.Kovan Jewel, completed last year, is a boutique condo with 34 units ranging from one to three bedrooms and four penthouses. 17 units (50%) have been sold as of Feb 18 at an average price of $2,111 psf. The most expensive unit to change hands at the development was a four-bedroom penthouse sold for $3.5 million ($2,739 psf) in January this year.Completing the top three is Oleanas Residence, a freehold condo located along Kim Yam Road in District 9. A three-bedroom unit on the sixth floor was sold for $2.52 million on Feb 3, setting a new record of $2,207 psf at the condo. Previously, the highest transacted price at Oleanas Residence was $2,157 psf, from the sale of a three-bedroom unit in August 2022. The most expensive resale unit at the condo was sold for $3.3 million ($2,017 psf) in December 2022.Oleanas Residence, completed in 1999, has seen just four resale transactions in the last three years. The condo is within walking distance of two MRT Stations: Great World MRT Station on the Thomson-East Coast Line and Fort Canning MRT Station on the Downtown Line. It is also near educational institutes such as River Valley Primary School and Outram Secondary School.

Investing in a condominium in Singapore offers numerous benefits, one of which is the potential for impressive capital appreciation. This is largely due to Singapore’s favorable position as a leading business destination and its robust economy, which continuously fuels the demand for real estate. In the past years, the property market in Singapore has consistently shown an upward trend in prices, especially for condos located in prime areas. For investors who time their entry into the market wisely and hold onto their properties for the long run, they can enjoy considerable capital gains. To stay updated on the latest opportunities, investors can also keep an eye out for new condo launches on platforms like ScoreInTheBox.…

Heeton Holdings has released their financial report for the 2HFY2024 ended Dec 31, 2024, reporting a 221% year-on-year increase in earnings to $3.85 million. However, the group remains in the red for the full year FY2024.

In the 2HFY2024, the earnings per share stood at 0.79 cents per ordinary share. Meanwhile, for the FY2024, the earnings per share were at a negative 0.28 cents.

The group’s revenue for the 2HFY2024 also saw a positive growth of 10.5% year-on-year, reaching $41.1 million. For the FY2024, the revenue grew by 15.2% to $78.2 million.

Heeton attributes its turnover growth to various sources such as rental income from investment properties, hotel operations, and management fees. The increase in revenue for the full year was primarily due to higher occupancy rates in the United Kingdom and an increase in rental rates for the group’s investment properties.

During the reporting period, the group also disposed of some of its subsidiaries, including its 70% stake in Gloucester Corinium Avenue Hotel Limited and Ensco 1154 Limited, resulting in a net gain of $3.78 million.

An essential factor to take into account when considering investing in a condo in Singapore is the government’s property cooling measures. In order to ensure a steady real estate market and prevent speculative buying, the Singaporean government has implemented various measures throughout the years. These measures include 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 initial profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer environment for investors.

The depreciation of Pound Sterling and reversal of impairment changes were offset by the disposal of hotels in Japan and the United Kingdom, resulting in an increase of $16.92 million in property and equipment to $418.83 million. This was driven by the acquisition of a hotel in Edinburgh, United Kingdom.

In terms of cash flow, the group saw a decrease of $32.70 million in cash and cash equivalents, mainly due to significant cash inflows and outflows. This includes proceeds from the disposal of property and equipment, as well as subsidiaries.

On the other hand, cash outflows included net loan repayments from associated and joint venture companies, additions to property and equipment, and restricted cash pledged for bank facilities.

Given the uncertain economic outlook brought about by the current geopolitical climate, Heeton intends to maintain a prudent and steady strategic expansion.

The hospitality industry continues to face challenges such as high operating and labor costs, elevated interest rates, and an unpredictable macroeconomic environment. In light of this, Heeton aims to strengthen its brand as a bespoke boutique offering top-notch, experiential accommodations for its guests.

Heeton is also actively participating in land tenders for residential developments, often as part of a consortium. Along with this, the group’s two retail malls are expected to continue generating steady and recurring income for its property investment business.

In line with this, the group has declared a final dividend of 0.5 cents per share for the current financial period.

On Feb 20, shares in Heeton closed at 27 cents, 1.818% down from its previous closing price of 27.5 cents.…

K Suites, a freehold boutique development in the prime East Coast area of District 15, is targeted for completion sometime in 1Q2025.

SINGAPOREAN BUSINESSMAN DEVELOPING PRIME EAST COAST PROJECT FROM WHERE HE WANTS TO LIVE

Euro Properties’ head, Que Neo, has a vision of creating residential projects where he himself would like to reside, and his latest venture, K Suites, is a testament to that. Located at Lorong K Telok Kurau in the coveted District 15, the 19-unit apartment block is being developed by Euro Properties’ subsidiary, EG Properties, with an expected completion date of 1Q2025.

When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. Rental yield is the yearly rental income expressed as a percentage of the condo’s buying price. In Singapore, condo rental yields can fluctuate significantly based on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near commercial hubs or educational institutions, tend to offer more favorable rental yields. Thoroughly researching the market and seeking guidance from real estate agents can provide valuable insights into the rental potential of a particular condo. Condo must be a top consideration when making this assessment.

K Suites’ major selling point is its highly convenient location, offering easy access to popular spots like the beach, East Coast Park, shopping malls, the CBD and the Changi Airport. “With the East Coast Parkway and Pan-Island Expressway, it takes just 10 minutes to reach the airport and downtown,” says Neo.

The project is strategically situated near public transport, with a bus stop just 50m away. From here, the nearest MRT stations, Marine Parade and Eunos, are only two stops away. Eunos Station is linked to the Paya Lebar and Bugis Interchanges and is just five stops from the CBD, while Marine Parade Station is only six stops from Shenton Way in the CBD. The upcoming Thomson-East Coast Line (TEL) will also provide direct train access to Orchard Road and Woodlands North, connecting to the Rapid Transit System (RTS) Station in Johor Bahru.

Families with young children will appreciate the proximity of K Suites to popular schools, with PCF Sparkletots @ Joo Chiat just two doors away. There are also renowned primary and secondary schools within a 1km radius, such Tao Nan School, Haig Girls’ School, CHIJ (Katong) Primary, Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.

Designed by JGP Architecture, K Suites boasts a sleek and modern facade, thanks to its curtain wall system. The glass exterior allows ample natural light and unblocked views of the surround…

: URA flash estimates Developers can now apply to increase number of housing units in their developments

Despite a slight rebound in private housing rents in the last quarter of 2024, there is little to no growth expected in the rental market this year, according to a report by Savills Singapore. The non-landed private residential market had a poor performance in the first three quarters of 2024, resulting in a 1.7% decline in rents for the whole year – the first decline since 2020.

In the fourth quarter of 2024, there were 19,733 leasing transactions, a decrease of 24.2% compared to the previous quarter. Savills attributes this decline to a decrease in new rental demand, as well as a seasonal lull in rental activity at the end of the year. The decrease in employment pass and S pass holders also contributed to the decline in rental contracts for the quarter.

According to George Tan, managing director of Livethere Residential at Savills Singapore, despite the decline in leasing activity, there is still some growth in rental demand and rents have stabilized in the private residential market. Tenants are now able to prioritize lifestyle options such as more spacious units, proximity to MRT stations, malls, and recreational activities as rents in suburban areas are relatively more affordable.

In the fourth quarter of 2024, Parc Esta, a 1,399-unit development in District 14, recorded the most number of condo leasing deals, with 163 rental transactions at a median rent of $6.84 psf per month. Other developments that saw a high number of rental transactions include Marina One Residences (126 transactions at $6.62 psf pm), The Sail @ Marina Bay (126 transactions at $6.72 psf pm), Normanton Park (120 transactions at $6.26 psf pm), and D’Leedon (107 transactions at $5.43 psf pm).

The Outside Central Region (OCR) was the only region that saw a decline in average rents in the fourth quarter of 2024, with a 0.8% decrease. In contrast, rents in the Core Central Region (CCR) and Rest of Central Region (RCR) saw growth of 0.9% and 0.3%, respectively.

Based on a basket of luxury properties tracked by Savills, the average monthly rent of high-end condos increased by 1.7% in the fourth quarter of 2024, suggesting a slight rebound after five quarters of consistent decline.

Looking ahead, landlords may face challenges in the rental market as companies continue to reduce headcounts and hire fewer expatriates. Alan Cheong, executive director of research and consultancy at Savills Singapore, also notes that landlords will also face higher property taxes and conservancy charges, which may lead to resistance against “underpriced” rental offers.

However, the tight supply of large luxury properties on the rental market may help landlords resist low rental rates. Cheong anticipates challenges in the rental market for 2025, as the adoption of AI could reduce manpower requirements for high-tech firms, resulting in a decrease in the pool of expat tenants in Singapore.

Singapore’s condo market remains in high demand, largely due to the limited availability of land in the small island nation. As Singapore’s population continues to grow at a rapid pace, there is a scarcity of land for development, leading to strict land use policies and a competitive real estate market. As a result, the prices of properties, specifically condos, are consistently rising, making real estate investment a highly profitable option with the potential for considerable capital appreciation.

Cheong expects interest rates to take longer to fall, resulting in mortgage payments remaining at current levels for a longer period. He also mentions that higher property taxes on investment properties and fewer new completions of private homes in 2025 may discourage landlords from accepting low rental rates.…

Investing in a condo in Singapore offers a multitude of benefits, making it a highly attractive choice for investors. One major advantage is the high demand for condos in this thriving city-state, as they are considered a preferred choice for residential properties. Additionally, there is potential for significant capital appreciation, and the rental yields are also appealing.

Nevertheless, it is crucial for investors to carefully consider various factors before making a decision. These include the location of the condo, available financing options, government regulations, and the current state of the market. By conducting thorough research and seeking professional advice, investors can make informed and strategic decisions to maximize their returns in Singapore’s dynamic real estate market.

Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, condos in Singapore present a compelling opportunity. With the right approach and proper planning, investing in a condo in Singapore can be a lucrative venture for those seeking to grow their wealth in the ever-evolving real estate market.

CBRE, the exclusive marketing agent, is offering two prime properties in Singapore’s bustling Central Business District (CBD) for sale. The first is Hotel Clover at 7 Hongkong Street, a boutique hotel with 27 rooms, while the second is a commercial building at 36 Hongkong Street. Both properties boast attractive remaining land tenures and are eligible for purchase by foreigners and companies without incurring Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD).

Hotel Clover, a six-storey hotel sitting on a 1,701 sq ft plot, is zoned “hotel” with a plot ratio of 4.2 under the latest Master Plan. The 99-year leasehold site has a remaining land tenure of approximately 89 years and a total floor area of 7,142 sq ft. With a guide price of $27 million, the price translates to $3,780 psf on the floor area.

On the other hand, the five-storey commercial building at 36 Hongkong Street is zoned “commercial” with a plot ratio of 4.2 under the Master Plan and sits on a 1,733 sq ft plot. The 99-year leasehold site has a remaining land tenure of 93 years and a total floor area of 7,279 sq ft. The guide price for this property is $22.6 million, which translates to $3,105 psf.

According to Clemence Lee, executive director of capital markets at CBRE Singapore, both properties have relatively more attractive remaining land tenures compared to other 99-year leasehold properties in the CBD area. They are also ideal for owner-occupiers looking for a flagship asset with a reasonable quantum and naming rights.

Situated in Clarke Quay, a popular riverfront lifestyle precinct, the properties are surrounded by acclaimed restaurants, bars, boutique hotels, and fitness studios. They are also within close proximity to Clarke Quay MRT Station on the North-East Line. The nearby CQ@Clarke Quay is currently undergoing a $62 million asset enhancement initiative, while the completion of two new large-scale integrated developments, Canninghill Piers and Union Square, is expected to further enhance the vibrancy of the area.

Lee believes that both 7 and 36 Hongkong Street have strong potential for future rental upsides and capital appreciation in the medium to long term. Interested buyers can participate in an expression of interest exercise that will close on March 26. For more information, check out CBRE’s website and compare prices of commercial and industrial properties or view past rental transactions.…

Reinstate the Seller’s Stamp Duty and lower the duration? onada

The recent Property Market Outlook event hosted by EdgeProp Singapore on Sunday, Feb 16 sparked discussions on the possibility of new cooling measures, incoming housing supply from government land sale (GLS) sites and Build-To-Order (BTO) launches, as well as the impact of Budget 2025 announcements on the real estate market. A panel of three industry experts, Alan Cheong from Savills Singapore, Wong Xian Yang from Cushman & Wakefield, and Song Seng Wun from CGS International, shared their insights on the current state of the market. EdgeProp Singapore CEO Bernard Tong moderated the discussion.

The event was held at the Elta sales gallery, a new 501-unit project jointly developed by MCL Land and CSC Land Group. The sales gallery opened for public preview on Feb 7.

In January, the government hinted that it was open to implementing more property cooling measures and that it was not yet time to remove existing measures. This announcement came amidst a 256% yearly increase in new private residential unit sales, excluding executive condos, in the previous month.

According to Cheong, if new cooling measures are introduced, the government is likely to implement a measure that applies uniformly across the residential market. The panel also discussed the possibility of measures targeting the HDB resale market, which forms the “floor” of the housing market in Singapore. Wong pointed out that a price surge in the resale market will add upward pressure on private housing prices, and the government may consider adjusting the seller’s stamp duty (SSD) and imposing tougher loan restrictions.

On the other hand, Tong highlighted the government’s plan to introduce a significant pipeline of GLS and BTO supply to meet housing demand. The 1H2025 GLS programme consists of 10 sites on the Confirmed List, which could yield 5,000 new homes, and HDB plans to offer 19,600 BTO flats in 2025. Cheong noted that under the new BTO classification, newly launched Prime and Plus BTO flats will take about 14 years to enter the resale market, and their impact on prices will only be felt much later. Wong added that prices in the resale market are more affected by project completions and HDB estates reaching their minimum occupation period (MOP) than the pipeline of GLS sites up for tender each year.

Despite the possible implementation of new cooling measures, all three panelists noted strong buyer confidence in the current market, as evidenced by the successful launches of Elta, The Orie, and Bagnall Haus, which had selling rates of 86% and 63% at launch, respectively.

The discussion also touched on the potential impact of Budget 2025 on the property market this year. According to Song, with Singapore’s strong economic recovery since the recession caused by the Covid-19 pandemic, the coming year, being an election year, may bring more government handouts funded by government surpluses. The panelists also took questions from the audience, including inquiries about the current “euphoric” phase of the residential property market.

Cheong observed that developers are strategically timing the launch of new projects, which could help dissipate the sense of market exuberance. He also noted that some launch-ready projects are in neighborhoods that have not seen a new launch in several years, leading to pent-up demand. In response to questions about the rental market, Cheong pointed out that while there was a decline in the total number of expatriates in Singapore in the past year, there was an uptick in the volume of rental transactions. This was partly due to falling rents, which encouraged some renters to find their own accommodation rather than sharing. However, layoffs in the technology and finance sectors could moderate rental price growth this year.

Before making a condo investment, one must also consider the potential rental yield. Rental yield refers to the yearly rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can significantly differ depending on factors such as location, property condition, and market demand. Typically, areas near business districts or educational institutions have a high rental demand, resulting in better rental yields. To gain a better understanding of a particular condo’s rental potential, it is advisable to conduct thorough market research and seek advice from real estate agents. Additionally, checking out Singapore Projects can also provide valuable insights.

During the event, Tong also presented a session of EdgeProp’s Master Plan Master Class, covering upcoming transformation plans in Clementi and Jurong East. He highlighted the completion of the second phase of the Cross Island Line (CRL), which will add a new MRT station (West Coast) and turn the existing Clementi station into an interchange. Tong noted that MRT interchanges tend to have a positive impact on surrounding property prices. The transformation plans for Clementi include the redevelopment of Clementi Stadium and the installation of more than 6.6km of cycling paths.

The panel also noted the potential housing demand in Clementi from the progressive development of the Jurong Lake District and the creation of new jobs in the nearby Tuas megaport, Tuas Biomedical Park, Jurong Island, and Jurong Innovation District. Tong shared data from EdgeProp Singapore showing that the average age of existing condos in Clementi is about 17 years, and recent new projects in the area have reaped strong capital gains. This includes Clavon (24% uptick since launch) and The Clement Canopy (43% price growth since launch).

The event also featured a session showcasing EdgeProp Singapore’s suite of property tools, including information on HDB resale prices, analytics of profitable transactions, and upcoming GLS sites. Attendees had the opportunity to ask questions and get insights from industry experts on the property market.…

JustCo, a renowned flexible workspace operator, has recently launched its own luxury brand, The Collective, with the grand opening of its flagship co-working space in Tokyo. The new facility, spanning 24,000 square feet, is located in the prestigious GranTokyo South Tower situated in the vibrant Marunouchi district of Chiyoda City. With its prime location adjacent to Tokyo Station, the space offers convenient access to both Narita and Haneda airports.

The Collective is designed to pay homage to the iconic Tokyo Station, showcasing elegance and warmth reminiscent of a luxurious voyage. “We were inspired by the iconic Tokyo Station and wanted to capture its essence in our co-working space,” explains the group.

Choosing the right location is an essential consideration when it comes to investing in real estate, and this is particularly crucial in the context of Singapore. Properties that are strategically situated in central areas or near essential amenities, such as schools, shopping centers, and transportation hubs, have a higher potential for appreciation in value. Some prime locations in Singapore include Orchard Road, Marina Bay, and the Central Business District (CBD), where property prices have consistently shown an upward trend. Additionally, condos located near reputable schools and educational institutions are highly sought-after by families, making them even more desirable investment options. For more information on real estate projects in Singapore, visit Singapore Projects.

The facility boasts a variety of workspaces, including hot desks, meeting rooms, private suites with 24/7 secured access, and larger enterprise suites with exclusive entrance features and personalized designs. Each workspace is equipped with top-of-the-line Herman Miller Aeron chairs and Benel adjustable desks to ensure maximum comfort and productivity.

The Collective also offers a range of amenities to cater to the needs of its members. This includes a TWG Tea Bar, providing refreshments throughout the day, and a “wellness sanctuary” where members can take a break and relax during their workday. With a focus on enhancing the overall work experience, The Collective strives to create a productive and comfortable environment for its members.

This new space adds to the growing list of co-working locations for JustCo, which recently opened its second location in Australia under its brand, The Great Room. With its continuous expansion, JustCo remains a leading name in the flexible workspace industry, catering to the needs of businesses and professionals around the world.…

CT Pemimpin, a freehold B1 industrial factory situated at 43 Jalan Pemimpin in the Central Region, is the newest project launched by Chiu Teng Group, an established development firm known for its high-quality commercial and industrial spaces in Singapore. Its strategic location in District 20 makes it an ideal choice for both companies seeking a well-connected site and property investors looking for a rare permanent investment opportunity.

The nine-storey partial ramp-up factory offers communal facilities such as two rooftop pavilions perfect for outdoor gatherings, rooftop solar panels, two passenger lifts and a service lift. It features 56 strata-titled units and three canteen units with floor heights ranging from 5.6m to 7.35m for selected units, along with mezzanine floors on levels one and five. Each unit is equipped with toilets for occupiers’ convenience and privacy. The development also offers a generous one-to-one carpark ratio with 59 carpark lots, including two EV lots, and two loading and unloading bays, and a lorry park for smaller vehicles.

According to Marcus Chu, CEO of ERA Singapore, CT Pemimpin is an appealing choice for both investors and end-users. Investors will benefit from the absence of Additional Buyer’s Stamp Duty (ABSD) on industrial properties, as well as the opportunity for risk diversification. On the other hand, end-users, mostly business owners, will prefer owning their own space over renting, particularly as CT Pemimpin offers freehold status, which is a rare find in the current market.

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In summary, there are many compelling reasons to invest in a condo in Singapore. With its high demand, potential for appreciation, and attractive rental yields, a condo can be a lucrative and stable investment. However, careful consideration should be given to important factors such as location, financing, government regulations, and market conditions. By conducting thorough research and seeking professional advice, investors can make informed decisions and make the most out of Singapore’s dynamic real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a profitable investment, condos in Singapore are a promising opportunity. To stay updated on the latest condo launches, be sure to check out New Condo Launches.

Ken Low, managing partner of SRI, notes that CT Pemimpin stands out from traditional B1 industrial projects due to its modern and sleek facade and central location, which is highly sought-after by both investors and end-users. The development is only a five-minute walk to Marymount MRT station and a 13-minute walk to Bishan sub-regional centre, making it attractive to young entrepreneurs and their employees. The last freehold industrial launch in this area, Mapex, more than 10 years ago, has a proven track record of high profitability and rental returns, further adding to the appeal of CT Pemimpin.

In addition, with its freehold status, CT Pemimpin is a unique and valuable investment opportunity that will attract discerning investors looking for long-term potential. It will also appeal to family offices seeking freehold developments for investment purposes and companies in the information and communications media industry that require clean B1 spaces. The absence of ABSD for commercial and industrial properties also makes it an attractive option for both local and foreign investors.

Apart from its rare freehold status, the unparalleled connectivity of CT Pemimpin is another major selling point. Located in the Jalan Pemimpin industrial estate, it offers seamless accessibility and connectivity to all parts of Singapore via public and private transport. The development is a short walk to Marymount MRT station and a five-minute drive to Upper Thomson MRT station and Bishan MRT station. It is also conveniently located near major expressways such as PIE and CTE, making it easily accessible by car. In addition, the upcoming North-South Corridor, set to be completed in phases from 2027, will further reduce travelling time from the north into the city with dedicated bus and cycling lanes.

CT Pemimpin is surrounded by vibrant townships such as Bishan, Upper Thomson and Ang Mo Kio, offering a wide range of retail and dining options at popular shopping centres like Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena and Toa Payoh HDB Hub. It is also in close proximity to reputable schools such as Raffles Institution, Catholic High School and Eunoia Junior College, making it convenient for parents to drop off their children before heading to work.

Chiu Teng Group has established a solid reputation as a trusted property developer and builder since it was founded in 1999, particularly in the industrial and commercial sectors. Its impressive portfolio includes various well-received industrial developments such as CT FoodNEX, CT Foodchain, Tagore8, CT Hub & CT Hub 2, and residential projects like The Creek@Bukit.

The preview of CT Pemimpin will commence on February 21. Don’t miss this opportunity to secure a rare freehold industrial space. Contact 8100 8017 or visit Chiu Teng Group to arrange a viewing today!…

Lentor Central Residences, a new 477-unit development in the upcoming Lentor Hills neighborhood, will be unveiled to the public on Feb 21. Developed jointly by Hong Leong Holdings, GuocoLand and CSC Land, the project is expected to go on sale on March 8.

Located in District 26, this is the sixth new launch project in Lentor Hills. The development consists of two high-rise residential towers, one 27 storeys and the other 28 storeys. It will offer a range of one to four-bedroom units, with sizes ranging from 463 sq ft to 1,399 sq ft.

Interested buyers can find out more about available units and pricing for Lentor Central Residences. According to the developers, the one-bedroom units will start from $975,000 ($2,110 psf), while the two-bedroom units will start at $1.38 million ($2,050 psf). For larger units, the three-bedroom units are priced from $1.81 million ($1,984 psf), and the four-bedroom units will start at $2.37 million ($2,000 psf).

The development boasts a range of amenities, including a 50-metre infinity-edge pool, a 25-metre lap pool, leisure pools, a spa pavilion, and a massage pool. It also offers a child-care centre, a children’s playground, a resident’s clubhouse, a gym, a yoga room, and a tennis court.

One of the key selling points of Lentor Central Residences is its convenient location. It is within walking distance of Lentor MRT Station and the upcoming Thomson-East Coast Line, making it easy for residents to travel to the city centre. It is also close to retail and dining options at Lentor Modern, Thomson Plaza, and eateries in the nearby Springleaf estate.

When it comes to investing in Singapore’s property market, it is crucial for foreign investors to have a good grasp of the regulations and limitations in place. In comparison to landed properties, foreigners have more leeway in purchasing condominiums as the ownership rules are not as stringent. Nonetheless, foreign buyers are still subject to the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their initial property acquisition. Despite this added expense, the steadfast and promising potential for growth in Singapore’s real estate market continues to lure foreign funds. With this in mind, it is evident that investing in a condominium in Singapore can be a wise move for foreign investors.

Betsy Chng, head of sales and marketing at Hong Leong Holdings, believes that Lentor Hills is an up-and-coming district that will see significant growth. She says, “Together with our partners, we are realising a vision of premium homes that are sensitively priced, where units are sold based on liveable space.”

Interested buyers can visit the sales gallery on Lentor Hills Road to find out more about the development. They can also check out other available listings for Lentor Central Residences properties, and compare the price trends of condo and executive condominium (EC) new sales. The total number of units in Lentor Central Residences is 477, providing ample options for homebuyers looking to make a purchase in this sought-after district.…

SRI and Redbrick Mortgage Advisory have come together to improve the skills and capabilities of SRI’s salespersons. This collaboration is highlighted by the signing of a memorandum of understanding (MOU).

Under the MOU, Redbrick will offer training to SRI agents on advanced mortgage strategies. This will allow them to better guide homebuyers on financing options and become trusted advisors. “Our partnership with SRI aims to empower their salespersons to present personalized financing solutions, ensuring buyers make educated decisions,” states Redbrick CEO, Eugene Huang.

Aside from training, Redbrick will also provide SRI agents with access to mortgage rate information from over 15 financial institutions. This data is updated regularly to reflect market changes. “With Redbrick’s expertise and real-time mortgage data, our SRI salespersons can now efficiently offer up-to-date financing options to our clients,” explains SRI CEO, Thomas Tan.

As part of the partnership, a freehold penthouse at Spottiswoode Residences is currently up for auction at $5.1 million. This exclusive unit will surely attract potential buyers looking for a luxurious, freehold property in Singapore. In addition, a three-bedroom unit at Watertown is also for sale for $2.2 million. And for those looking for a spacious and elegant duplex penthouse, The Berth by the Cove offers a unit for sale at $4.8 million. Interested buyers should take advantage of these opportunities and inquire with SRI salespersons for more details.

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Due to the limited availability of land in Singapore, there is a high demand for condos in the country. As a small island with a rapidly expanding population, Singapore faces a scarcity of land for development. This has resulted in strict land use regulations and a competitive real estate market where property prices continue to rise. As a result, investing in real estate, especially Singapore Condos, has become a profitable venture, with the potential for capital gains.…