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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Creating a garden home

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

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

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

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

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

Spectacular scenery from the heart of Boon Keng

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

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

Unit layout design oriented for families

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

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

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

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

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

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

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

An attractively priced freehold offering

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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