Month: March 2025

When purchasing a condominium, it is crucial to factor in the maintenance and management of the property. Condos usually have maintenance fees that encompass the maintenance of shared spaces and amenities. Although these fees may increase the overall cost of owning a condo, they play a significant role in maintaining the property’s value and condition. To make the investment more hands-off, investors can enlist the services of a property management company to handle the daily operations. Additionally, considering Singapore Projects can also be beneficial in the decision-making process.

Securing financing is a crucial element of investing in a condominium. Fortunately, Singapore has various mortgage choices available. However, it is crucial to be knowledgeable about the Total Debt Servicing Ratio (TDSR) framework, which restricts the amount of loan a borrower can obtain based on their income and current debt commitments. Familiarizing oneself with the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making well-informed decisions regarding their financing alternatives and avoiding excessive leveraging. It is also important to consider new condo launches in the market as they may offer attractive financing options for potential condo investors.

Steve Leung Design Group (SLD), founded by renowned architect and designer Steve Leung, is making its foray into the European market through a partnership with Italian designer Andrea Bonini. The company, which is listed on the Hong Kong stock exchange, has announced plans to open its first European branch under the brand SLD. Andrea Bonini. Through this collaboration, SLD aims to provide interior design services and products to clients in Asia and Europe, catering to high-end residences and luxury hospitality projects.

The brand, SLD. Andrea Bonini, will make its debut at the Salone del Mobile in April, an annual furniture fair held in Milan. This launch will showcase the brand’s initial products, which include a smart home lighting collection created in collaboration with smart home manufacturer Moorgen.

This partnership marks SLD’s first venture outside of its home base in Hong Kong. In a press release on March 11, the company stated that this expansion is part of a new business direction focused on “rejuvenation, diversification, and globalization”. With over 28 years of experience in the design industry and a strong competitive edge, SLD aims to bring a better lifestyle to clients around the world through its designs.…

More than 90% CapitaLand shareholders approve Ascott REIT merger

CapitaLand Group has recently signed a memorandum of understanding (MoU) with Microsoft to integrate artificial intelligence (AI) and advanced technologies into its business operations. As part of the deal, CapitaLand will also be joining Microsoft Singapore’s AI Pinnacle Program, which gives companies access to Microsoft’s platforms, services, and solutions for enhanced customer engagement and operational efficiency across all of CapitaLand’s businesses, including funds, investments, retail, lodging, and development.

One key area of collaboration between the two companies will be infrastructure development, with a focus on leveraging Microsoft’s Azure cloud computing platform to develop CapitaLand Investment’s data center designs and products. Additionally, CapitaLand will also work with Microsoft to integrate AI, data analytics and machine learning into its digital and business transformation efforts.

Investing in a condo offers numerous advantages, one of which is the opportunity to leverage the property’s value for future investments. This means that investors can use their condo as a form of collateral to secure additional financing for new investments, thereby growing their real estate portfolio. While this approach has the potential to increase returns, it also carries certain risks. Therefore, it is important to have a solid financial plan in place and carefully consider the potential impact of market fluctuations when using a condo for leverage. By incorporating a condo into your investment strategy, you can potentially see significant growth in your real estate ventures.

The demand for condos in Singapore has been continually on the rise, but the limited availability of land in this small but densely populated island has significantly impacted the market. With a rapidly expanding population, the search for suitable land for development has presented a considerable challenge. In response, the government has implemented stringent policies on land use, resulting in a fiercely competitive real estate market with constantly escalating property prices. With the potential for significant capital appreciation, condos have become a highly sought-after investment opportunity in Singapore, making it no surprise that they have become the preferred choice for investors in the city-state. Condos in Singapore offer a lucrative investment opportunity, with their high demand and potential for long-term financial gains.

Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, shared that this partnership with Microsoft is a significant step in the company’s digital transformation journey. She believes that AI will play a pivotal role in shaping CapitaLand’s future, driving operational efficiencies, and creating value for its stakeholders.

In addition to the partnership with Microsoft, CapitaLand Investment has also signed an MoU with the Singapore Business Federation (SBF) to collaborate on digitalization and AI integration within its retail ecosystem. This includes initiatives such as facilitating the adoption and proof of concept for AI, data analytics, and cybersecurity solutions, as well as developing AI-focused competency and skills among its retail tenants.

These collaborations highlight CapitaLand’s commitment towards digital transformation and its efforts to stay ahead of the curve in the ever-evolving business landscape. With these partnerships, CapitaLand aims to enhance its competitiveness, improve business efficiency, and ultimately create value for its stakeholders.…

Post navigation

CapitaLand Group and Microsoft have recently signed a Memorandum of Understanding (MOU) with the goal of utilizing artificial intelligence (AI) and advanced technologies to enhance their businesses.

Under this MOU, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, which will give them access to Microsoft platforms, services, and solutions. This will enable CapitaLand to improve customer engagement and enhance operational efficiency across all its businesses, including funds, investments, retail, lodging, and development.

One of the key areas of collaboration between the two companies will be infrastructure development. CapitaLand will leverage Microsoft’s Azure cloud computing platform to design data centers and develop new products for CapitaLand Investment. The companies will also work together to integrate AI, data analytics, and machine learning to support CapitaLand’s digital and business transformation efforts.

Quah Ley Hoon, the Group Chief Corporate Officer of CapitaLand Investment, believes that this collaboration with Microsoft is a significant step in their digital transformation journey. He emphasizes that AI will play a crucial role in shaping the future of CapitaLand, driving operational efficiencies and creating value for its stakeholders.

Selecting the right location is a crucial aspect of investing in real estate, particularly in Singapore. If you’re considering purchasing a condo in this country, it is imperative to carefully evaluate its location. Condominiums located in central areas or near essential amenities like schools, shopping malls, and public transportation hubs tend to have higher appreciation rates. The highly sought-after locations of Orchard Road, Marina Bay, and the Central Business District (CBD) are perfect examples, as they have consistently exhibited significant growth in property values. Families also prioritize access to quality schools and educational institutions when seeking a condo, making these areas even more desirable and increasing their potential for investment. As such, when investing in real estate in Singapore, giving utmost importance to the location of the condo should be a top priority. Consider adding Condo to the final sentence.

In addition to the collaboration with Microsoft, CapitaLand Investment has also signed an MOU with the Singapore Business Federation (SBF). This MOU aims to establish a framework for digitalization and AI integration across CapitaLand Investment’s retail ecosystem. Through this partnership, CapitaLand Investment will work towards facilitating the adoption and proof-of-concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness. They will also focus on developing AI-focused competency and skills among their retail tenants.

.

The cityscape of Singapore is defined by towering skyscrapers and contemporary structures. Condominiums, strategically situated in desirable locations, offer a combination of lavishness and practicality that entices both locals and foreigners. These properties are equipped with various facilities like swimming pools, fitness centers, and round-the-clock security, elevating the standard of living and making them highly desirable for potential renters and purchasers. Furthermore, for investors, these attractive features result in better rental income and appreciation of property value in the long run. Singapore Projects are an excellent addition to the real estate options available in the country.

Overall, these partnerships with Microsoft and SBF demonstrate CapitaLand’s commitment to embracing digitalization and AI to drive their businesses forward. With their focus on leveraging advanced technologies to improve customer experience and increase operational efficiency, CapitaLand is well-positioned to stay at the forefront of innovation in the real estate industry.…

A selection of 14 retail shops located at Peninsula Plaza, Sim Lim Square, and Far East Plaza are now available for purchase through an expression of interest (EOI) exercise. The assignment of marketing these properties has been given to ERA Realty Network, with a total price of $26.46 million.

The two units at Peninsula Plaza, a mixed-use development with a 999-year leasehold on North Bridge Road, are up for grabs. These adjacent ground-floor shop units have a combined strata area of approximately 990 sq ft and are listed at $8 million or $8,081 psf.

Built in 1980, Peninsula Plaza is a 30-storey commercial building that features a six-storey retail podium and a 24-storey office tower. Its location is convenient as it is connected to the City Hall MRT Interchange Station, which gives access to both the North-South and East-West lines.

Read also: Two retail units at Sim Lim Square for sale at $3.38 mil

At Sim Lim Square, 11 strata units are being offered for sale, with a total strata area of 5,081 sq ft. These units are commercial-zoned and located on the fifth floor, with a 99-year lease that started in April 1983, leaving around 57 years remaining. According to ERA, the majority of the units are currently occupied by tenants. These shops face the mall’s main atrium and have direct access from the escalators and lifts.

All the Sim Lim Square units are located on the fifth floor (Picture: ERA)

The shops can be bought collectively or individually, with prices starting from $840,000 for individual units. The entire portfolio is listed at $15.855 million, which ERA believes is a 20% markdown from the latest valuation. This price translates to $3,120 psf based on the strata area.

Sim Lim Square is a strata-titled commercial development situated on Rochor Canal Road in District 7. It has 492 commercial units spread over six floors and two basement levels and was completed in 1987.

The last remaining unit for sale is at Far East Plaza on Scotts Road. This freehold retail unit is located on the second floor, has a strata floor area of 355 sq ft, and faces the escalator near the main entrance of the mall. The asking price is $2.6 million, which amounts to $7,324 psf.

Investing in real estate is a smart decision, but the location plays a crucial role in its success – especially in Singapore. Condos situated in central areas or near important amenities, like schools, shopping malls, and public transportation hubs, have a higher potential for appreciation. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown an increase in property values. Families also find condos in these areas highly desirable due to their proximity to good schools and educational institutions, making them an even more lucrative investment. To capitalize on the high investment potential of the Singapore real estate market, consider investing in condos in these prime locations, such as the Singapore Condo.

When considering an investment in a condominium, it is vital to carefully evaluate the property’s upkeep and management. In addition to the initial purchase price, condos often come with maintenance fees to cover the maintenance of common areas and amenities. While these fees may increase the overall cost of owning a condo, they play a crucial role in preserving the property’s condition and value. To make this investment more feasible, seeking the services of a property management company is a smart move. This is particularly valuable for those interested in owning a Singapore Condo, as it offers a more convenient and hassle-free approach.

Far East Plaza is a freehold mixed-use development that was completed in 1982. It comprises a five-storey retail mall and serviced apartments and is within walking distance to Orchard Road MRT Station.

Donald Goh, the director of Capital Markets and Investment Sales at ERA, believes that these properties will attract interest from both property investors and business owners. He highlights that strata retail sales in the Downtown Core and Orchard Planning Area were resilient last year, with 28 and 33 deals recorded in each area, respectively. Goh also notes that “A ground floor unit at Lucky Plaza was sold for $15,242 psf while units at Orchard Towers and The 101 were sold for $5,309 psf and $5,657 psf, respectively, a testament that strata retail shops are still an attractive investment.”

Read also: Retail podium at Sky Eden@Bedok up for sale at $45.2 mil

The EOI exercise will close on April 17 at 3pm. For more information, please check out the latest listings for Peninsula Plaza properties.…

GuocoLand, TID and Hong Leong Holdings have secured a green club facility worth $367.1 million from DBS Bank to develop their Faber Walk site. The trio of developers won the residential land parcel via a Government Land Sale tender in November last year. Their joint bid of $349.86 million, or $900 psf per plot ratio, was the highest for the 277,659 sq ft site.

The forthcoming development, situated in the Faber Walk landed private residential enclave and adjacent to the Faber Hills estate, will comprise nine low-rise blocks and a total of 399 residential units. Its prime location by the Pandan River and the upcoming Old Jurong Line Nature Trail offers an idyllic waterfront living experience.

The green facility secured for the Faber Walk project complements GuocoLand’s focus on sustainable initiatives throughout its developments, which include Guoco Tower on Wallich Street, Guoco Midtown on Beach Road, Midtown Modern on Tan Quee Lan Street and Lentor Mansion in Lentor Gardens.

According to Dora Chng, residential director of GuocoLand, the company is committed to incorporating biophilic designs and sustainable features in its developments to enhance the quality of life for residents. This has been demonstrated in previous successful launches such as Lentor Modern and Lentor Mansion in the Lentor Hills estate.

For international investors, it is crucial to have a thorough knowledge of the guidelines and limitations that govern property ownership in Singapore. Generally, foreigners are granted the freedom to purchase condominiums with ease, compared to landed properties that have more stringent ownership regulations. However, there are additional fees to consider, such as the ABSD, which is presently set at 20% for the first property acquisition. Yet, despite these expenses, the market for Singapore real estate remains a highly desirable option for foreign investment due to its stability and potential for growth. To explore more about investing in Singapore, visit Singapore Condo.

.

Obtaining financing is a crucial aspect of investing in a condo. In Singapore, there are numerous mortgage options to choose from, but having a solid understanding of the Total Debt Servicing Ratio (TDSR) framework is essential. This framework sets a limit on the amount of loan a borrower can take, based on their income and current debt obligations. It is crucial for investors to familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers to make informed decisions about their financing options for their condo. This can also help prevent them from taking on excessive levels of debt.

The Faber Walk development is expected to attain the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion.

GuocoLand’s next highly anticipated project is a joint development with Hong Leong Holdings at its Upper Thomson Road (Parcel B) site, which was awarded in April last year. With 941 residential units, the project is set to launch in the second half of this year.…

, analyst says

When contemplating investing in a condo, it is imperative to also closely examine the potential rental yield. Rental yield is the annual rental income expressed as a percentage of the property’s purchase price. In Singapore, condos can have varying rental yields depending on various factors, including location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to have more desirable rental yields. Conducting thorough market research and seeking advice from real estate agents can provide valuable insights into the rental potential of a specific condo. Moreover, staying updated on new condo launches could prove beneficial as it may offer even more lucrative rental opportunities. For more information, you can also visit New Condo Launches.

Aurelle of Tampines, an executive condominium (EC) developed by Sim Lian Group, has achieved an impressive sales rate of 90%, with 682 out of the 760 units sold on its launch day on March 8. The sold units were priced at an average of $1,766 per square foot (psf).

Sim Lian Group has shared that all four- and five-bedroom units in the development have been taken up, and about 84% of the three-bedroom units have also been sold. Executive director Kuik Sing Beng commented that this high demand is a testament to the appeal of well-designed and well-connected modern homes, especially in Tampines, a highly connected regional centre in Singapore.

Interested buyers can still find out about available units and prices at Aurelle of Tampines. According to Ismail Gafoor, CEO of PropNex, the average price of $1,766 psf has set a new benchmark launch price in the EC market. He also notes that the 90% launch take-up rate is the highest since the launch of Hundred Palms Residences, a 531-unit EC that was sold out on its launch day in July 2017 for an average price of $841 psf.

Sim Lian has also announced that the 30% quota allocated for second-timers was fully taken up by 3.15 pm on the launch day. The quota will be lifted a month after the launch date, giving second-timers another opportunity to ballot for a unit. “The government may want to increase the quota for second-timers buying an EC, bringing the policy in line with the recent increase in the allocation quota for second-timers buying three-room and larger BTO [build-to-order] flats,” says Mark Yip, CEO of Huttons Asia.

ERA Singapore’s key executive officer Eugene Lim notes that while the quota limit on second-timers may have affected the take-up rate, the second-timers will have another chance to purchase a unit. He also adds that about 68% of the buyers opted for the Deferred Payment Scheme (DPS) to finance their property purchases, while the remaining buyers chose the Normal Payment Scheme.

Before its launch, Aurelle of Tampines received over 2,200 electronic applications (e-apps) since it opened for preview on February 21. It is the highest e-app figure since Copen Grand, the first EC launched in Tengah, attracted 2,300 e-apps in 2022.

Aurelle of Tampines is the second EC in Tampines North, following Tenet, a joint development by Qingjian Realty, Santarli Realty, and Heeton Holdings. Launched in December 2022, Tenet sold 72% of its 618 units on launch day and is now fully sold at an average price of $1,348 psf.

The units in Aurelle of Tampines start from $1.417 million ($1,687 psf) for a three-bedroom unit of 840 sq ft, $1.689 million ($1,651 psf) for a four-bedroom of 1,023 sq ft, and $2.258 million ($1,665 psf) for a five-bedroom of 1,356 sq ft. “The project’s attractive pricing, strategic location, and unique features have made it a highly sought-after option for eligible first-time buyers and upgraders,” says ERA’s Lim.

The EC’s excellent sales could also be attributed to its proximity to ParkTown, a fully integrated mixed-use development with a transport hub (MRT station and bus interchange), a shopping mall, hawker centre, and community club. The 1,193-unit ParkTown Residence, developed by a joint venture between CapitaLand and UOL Group, sold 1,041 units on its launch weekend on February 22-23. To date, 1,043 units have been sold at an average of $2,361 psf.

“Aurelle is probably the second EC to be located next to a fully integrated mixed-use development,” says Huttons’ Yip. The first was the 573-unit Esparina Residences in Sengkang, launched in October 2010 at an average price of $748 psf. Based on caveats lodged, the average price of units sold from January 2024 to January 2025 is $1,625 psf, a 117% increase.

Investing in a condo has numerous advantages, one of which is the ability to leverage its value for further investments. In fact, many investors utilize their condos as collateral to secure additional financing for new investments, allowing them to expand their real estate portfolio. This approach can potentially increase returns, but it also carries risks that need to be carefully evaluated. It is important to have a solid financial plan in place and be mindful of market fluctuations. Companies such as Singapore Projects can assist in navigating these risks and maximizing the benefits of condo investment.

In November 2023, a 1,367 sq ft unit on the seventh floor of Esparina Residences was sold for $2.388 million ($1,747 psf), the second-highest psf price achieved at the development. The highest was for another 1,367 sq ft unit on the 14th floor that sold for $2.4 million ($1,756 psf). With such strong sales achieved, Sim Lian’s Aurelle of Tampines is set to become the new benchmark for prices in the EC market.

ERA’s Lim notes that new ECs are priced around $600 psf lower than new private condos in 2025. However, compared with resale condos in the suburbs or Outside Central Region (OCR), the average price of a new EC is only 1% higher. “This, coupled with a fresh 99-year lease and modern facilities, makes new ECs a compelling choice for buyers,” he adds. Potential buyers can also check out the latest listings for Aurelle of Tampines on EdgeProp, and compare prices trends for new sale condos and resale condos in District 18.…

Get a glimpse of beachfront living at Amber Park’s show suitesSource: EdgeProp ResearchLaunched for sale on Mar 8, Aurea is among the first few luxury residential projects offered in Singapore’s Core Central Region (CCR) in the first quarter of the year 2025. Developed as a joint venture between Far East Organization and Perennial Holdings, the project has already sold 23 units at an average price of $3,005 per square foot (psf).Phase one of the development includes 78 units that feature a mix of two- to four-bedroom apartments, located on levels 4 to 16. This translates to a sales rate of 30% based on the 78 units that were released in this phase. Aurea boasts a total of 188 units spread across 45 storeys, and was designed by DP Architects with a unique “hanging garden concept.” It is the first new private condominium to be connected to a mixed-use development that was sold en bloc and conserved, now known as Golden Mile Singapore. According to the joint venture, 83% of the buyers are locals, while the remaining 17% are permanent residents from Malaysia.In terms of total units, the sales rate stands at approximately 12.2%. Mark Yip, CEO of Huttons Asia, notes that CCR projects usually sell between 10% to 30% of their units during the launch weekend, as they do not attract HDB upgraders like suburban projects. PropNex CEO Ismail Gafoor considers Aurea’s sales “encouraging,” given the lacklustre sales of CCR projects since the tightening of the additional buyer’s stamp duty (ABSD) measure in April 2023. He notes that the doubling of the ABSD rate for foreigners to 60% has cooled interest for CCR homes, leading to the lowest number of new CCR private homes sold in 2024, at just 378 units – a 74% drop from the 1,454 units sold in 2023.However, Gafoor believes that the take-up for CCR homes will improve over time. He notes that CCR projects tend to gradually transact units over several months, as opposed to the blockbuster sales seen in some Rest of Central Region (RCR) and Outside Central Region (OCR) projects. He believes that CCR properties have a niche market of buyers seeking luxury homes and the finer things in life.According to the joint developers, the Prestige Collection – which features two- and three-bedroom apartments – accounted for 74% of the sales. The buyers were attracted to the apartments’ well-designed spaces, functionality, and investment potential. The four-bedroom units from the Signature Collection were also popular, thanks to their expansive balconies with views of Marina Bay and Kallang Basin. The Sky Villa Collection features 18 five-bedroom apartments and two six-bedroom penthouses, with the largest spanning 8,816 sq ft. With such large-format homes in the downtown area being scarce, they were well-received by buyers.In recent years, the price gap between private residential properties in the CCR and the Rest of Central Region has narrowed significantly. Ken Low, managing partner of SRI, notes that the difference averaged around 40% over the past decade, but has now closed to 20% across all properties regardless of tenure. Marcus Chu, CEO of ERA Singapore, notes that CCR price growth has lagged behind RCR and OCR in recent years due to fewer new home launches. He expects around nine CCR launches in 2025, which will drive up CCR home prices due to increased luxury property launches. He believes investors may shift their focus back to CCR due to the narrowing price gap between CCR and RCR properties.The prime location of Aurea also positions it for favourable growth, with ongoing urban renewal efforts in the surrounding areas. It will benefit from major infrastructural and lifestyle upgrades, such as the revitalisation of Beach Road and the Ophir-Road Corridor, the Kallang Alive master plan, and the completion of the North-South Corridor. Huttons’ Yip also expects Aurea to benefit from the Greater Southern Waterfront, Marina Bay, Kallang Basin, and the future Long Island project, which stretch across 120 kilometres of the southern coastline of Singapore.

It is crucial for international investors to be well-informed about the regulations and limitations surrounding property ownership in Singapore. While condos are generally more accessible for foreign purchasers, stringent ownership rules apply to landed properties. Additionally, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) at a rate of 20% for their initial property acquisition. However, the stability and potential for growth in the Singapore real estate market remain highly attractive to foreign investors, making Singapore Condo a desirable option.

When contemplating an investment in a condominium, it is imperative to also evaluate the potential rental yield. Rental yield refers to the annual rental income in relation to the property’s purchase price. In Singapore, condo rental yields can differ significantly based on factors such as location, property condition, and market demand. Generally, areas with a high demand for rentals, such as those near business districts or educational institutions, offer more attractive rental yields. Thoroughly researching the market and seeking advice from real estate agents can provide valuable insights into the rental potential for a specific condo. To further assist with this process, consider checking out some popular Singapore Projects.…

.

Singapore Condos: A Lucrative Investment Opportunity

Singapore has emerged as a top destination for condo investments, attracting both local and foreign investors. With a strong economy, stable political climate, and luxurious living standards, it is no surprise that the city-state has become a hotspot for real estate investments. Among the various choices available, investing in a condo in Singapore, such as the ones offered by Singapore Condo, has become a popular and wise choice. In this article, we will discuss the benefits, considerations, and steps to take when investing in a condominium in Singapore.

Benefits of Investing in a Condo in Singapore

One of the main advantages of investing in a condo in Singapore is the convenience it offers. Condos are typically located in prime areas, close to amenities such as shopping centers, schools, and public transport, making them highly desirable for both homeowners and tenants. This, in turn, increases the demand for condos and ensures a steady stream of rental income.

Moreover, condos in Singapore come with a range of facilities for residents, such as swimming pools, gyms, and 24-hour security, providing a luxurious lifestyle for tenants and a competitive edge for investors. These amenities also attract a higher rental rate, resulting in potentially high returns for condo owners.

Considerations for Investing in a Condo in Singapore

While investing in a condo in Singapore has its benefits, it is crucial to consider the financial implications as well. Condos in Singapore are priced higher compared to other residential properties, and investors should be prepared to pay a sizable amount. Additionally, condo owners have to pay for monthly maintenance fees, which can be significant depending on the condo’s facilities and location.

Another important consideration is the cooling measures implemented by the Singapore government to regulate the real estate market. These measures include Additional Buyer’s Stamp Duty (ABSD) and Seller’s Stamp Duty (SSD), which can affect the overall cost of purchasing and selling a condo.

Steps to Take when Investing in a Condo in Singapore

Before investing in a condo in Singapore, it is essential to do thorough research, understand the market trends, and identify potential locations and properties. It is also crucial to engage a reputable real estate agent who has experience in the Singapore market and can provide valuable insights and advice.

Once a suitable condo is identified, investors should obtain a loan pre-approval from a bank to determine their budget and calculate the loan amount and interest rate. It is also advisable to conduct a thorough inspection of the property and review the management and maintenance practices of the condo before making a purchase.

In conclusion, investing in a condo in Singapore, such as those offered by Singapore Condo, can be a lucrative opportunity for both local and foreign investors. However, it is vital to consider the benefits and potential financial implications before making a decision. With proper research, guidance from experts, and careful planning, investing in a condo in Singapore can bring long-term financial stability and rewards.

The government’s regulations and policies play a crucial role in the decision to invest in condominiums in Singapore. In order to maintain a stable real estate market, the Singaporean government has implemented various measures to control speculative buying. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on multiple property purchases and foreign investors. While these measures may affect the immediate returns on condo investments, they ultimately contribute to the long-term security of the market, making it a desirable and secure investment environment. Thus, investing in a Condo in Singapore holds the promise of a stable and profitable long-term investment.

The 25th-floor three-bedroom unit at One Holland Village Residences achieved a new record price of $3,781 psf, surpassing the previous record of $3,426 psf set by the developer in 2022. The one-bedroom development comprises a mix of units ranging from 484 sq ft to 3,455 sq ft, with all units fully sold since its launch in November 2019. Meanwhile, boutique condo Hill House saw a new record of $3,402 psf for a two-bedroom unit, with a total of nine units sold this year. At Chuan Park, a 732 sq ft, two-bedroom unit set a new record of $2,785 psf, narrowly surpassing the previous record of $2,765 psf in November 2022. No new record lows were recorded during the period in review.

A 1,238 sq ft three-bedroom unit at One Holland Village Residences broke the record for the highest psf-price achieved in the development, with a new peak of $3,781 psf on Feb 17. This is the first transaction since August 2023, when the developer sold a 1,087 sq ft unit for $2.98 million or $2,741 psf. The latest sale marks a profit of about $490,000 for the sellers who had purchased the unit in November 2023 for $4.19 million or $3,385 psf. Located in District 10, One Holland Village Residences is a 99-year leasehold development comprising 296 units. Fully sold since its launch in November 2019, the project offers a mix of one- to five-bedroom units ranging from 484 sq ft to 3,455 sq ft. Another development that achieved a new psf-price high is boutique condo Hill House, located at the top of Institution Hill in District 9. A 452 sq ft, two-bedroom unit on the ninth floor was sold for $1.538 million ($3,402 psf) on Feb 21, setting a new record just four days after another two-bedroom unit was sold for $1.536 million ($3,398 psf) on Feb 16. Including these two transactions, a total of nine units have been sold at Hill House this year at an average price of $3,213 psf. The 72-unit development offers a mix of one- to three-bedroom units ranging from 431 sq ft to 753 sq ft. Over at Chuan Park in District 19, a 732 sq ft, two-bedroom unit on the 20th floor was sold for $2.04 million ($2,785 psf) on Feb 19, setting a new record just slightly above the previous high of $2.05 million ($2,765 psf) in November last year. The 916-unit development, which is 81% sold since its launch in November 2024, offers a mix of two- to five-bedroom units ranging from 700 sq ft to 1,841 sq ft. No new record lows were recorded during the period in review.…

A three-storey terrace factory at Midview City, located in the heart of Sin Ming Industrial Estate, has recently been listed for sale by the exclusive marketing agent Colliers International. With a guide price of $6.2 million or $688 psf, the property has attracted interest from both local and foreign investors. This 60-year leasehold factory boasts a total strata area of approximately 9,009 sq ft and is zoned as a “Business 1” site under the URA Masterplan 2019. Its prime location along Sin Ming Lane and close proximity to Bright Hill MRT Station make it a highly desirable asset in the market. Currently fully-leased and approved for use as a childcare centre, the property presents a rare opportunity for investors as it will be sold with the existing preschool operator in place. The EOI exercise will close on April 29 at 3pm, giving interested parties ample time to make their bids. What’s more, as a Business 1 light-industrial property, it is not subject to Additional Buyer’s Stamp Duty (ABSD) and can be purchased by foreigners. For those looking to invest in the industrial property market, this is an opportunity not to be missed.

When contemplating an investment in Singapore Condo, it is crucial to assess the potential rental return. Rental yield refers to the yearly rental income as a percentage of the property’s purchase price. In the bustling city of Singapore, rental yields for condos can vary significantly, depending on factors such as location, property condition, and market demand. Generally, areas near business districts or educational institutions tend to offer higher rental yields due to their high demand. To gain valuable insights into the rental potential of a specific condo, thorough market research and consultation with real estate agents are highly recommended.

Investing in a condo has several advantages, and one of them is the opportunity to utilize the property’s worth for future investments. A lot of investors utilize their condos as security to get more financing for new ventures, enabling them to expand their real estate portfolio. This approach can significantly increase returns, but it’s important to have a solid financial plan in place and carefully assess the potential effects of market changes. Additionally, it’s worth considering the Singapore Projects to add even more value to your investment strategy.…

Singapore’s real estate market offers great opportunities for investors interested in condominium properties. However, before making any investment decisions, one must take into account the government’s property cooling measures. These measures, implemented to regulate speculative buying and maintain a healthy market, include the Additional Buyer’s Stamp Duty (ABSD). This policy targets foreign buyers and those purchasing multiple properties, imposing higher taxes on them. While these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a more secure environment for investors. In addition, individuals looking to diversify their investment portfolio can consider exploring the options of new condo launches. These new condo launches offer potential opportunities for growth and expansion in the real estate market in Singapore.

The sizes of show flats have noticeably reduced in the past few years. This can be attributed to our changing perception of space. In the 1990s and 2000s, the average size of HDBs and condos where we grew up was larger. For example, in 1995, the average size of a new condo was 1,272 sq ft, which increased to 1,286 sq ft in 2005, but drastically dropped to 858 sq ft in 2015 and slightly increased to 929 sq ft in 2024. However, this trend can also be attributed to the changing demographics. In 1995, the average household size was four, which decreased to 3.6 in 2005, 3.4 in 2015, and further decreased to 3.1 in 2024.

On a per-household-member basis, the average space was 318 sq ft in 1995, which increased to 357 sq ft in 2005. However, in 2015, it dropped significantly to 252 sq ft before rebounding to 300 sq ft in 2024, a 19% increase. This shows that over the past 29 years, the average size of condos (per capita) has shrunk by 5.7%, which is commendable considering Singapore’s limited land space. This trend would not have been possible without the help of the government’s intervention. In 2008, the introduction of “Mickey Mouse” units in the Rest of Central Region (RCR) made it easier for investors to enter the property market with units as small as 24 sq m (258 sq ft) selling for as low as $375,000. The success of these projects led to the proliferation of “Mickey Mouse” units in the following years, raising concerns about the living environment’s quality.

In response, the Urban Redevelopment Authority (URA) introduced guidelines in 2011 that limited the maximum number of dwelling units (DUs) in a project based on the average size of 70 sq m for projects outside the Central Area. Four areas, namely Telok Kurau, Kovan, Joo Chiat, and Jalan Eunos, were required to have even stricter guidelines of an average DU size of 100 sq m. This took effect in January 2012. Despite this, the average size of DUs continued to decline over the next few years, leading to increased infrastructure strain, particularly in areas with limited road capacity.

To address this issue, the URA tightened guidelines, and in January 2019, the average DU size increased by 21.4% to 85 sq m, including more areas such as Marine Parade, Balestier, Stevens-Chancery, Pasir Panjang, Kovan-How San, Shelford, and Loyang, requiring an average DU size of 100 sq m. This effectively arrested the decline in average DU size, which reached 804 sq ft in 2018 but increased to 935 sq ft in 2024, an increase of 18.8% from 2019’s 787 sq ft. However, the Central Area saw an increase in smaller units being built, which was not in line with the URA’s goal of making it a desirable place to live, work, and play. In response, the URA extended guidelines to the Central Area in January 2023, requiring that at least 20% of DUs have a net internal area of at least 70 sq m.

The most recent guideline change in June 2023 was the harmonisation of the strata area and gross floor area (GFA) definition, which included air-conditioning ledges in the strata area if they were exclusive to a unit, resulting in a decrease in the average DU size by an average of 6%. Across different market segments, the Rest of Central Region (RCR) saw the most significant increase in average DU size, reaching 944 sq ft, a 19.5% increase since 2015. This can be attributed to the stricter control of a 100 sq m average DU size imposed on the RCR. Similarly, the Outside Central Region (OCR) also saw an improvement in average DU size, increasing by 5.8% from 2015 to reach 898 sq ft in 2024. On the other hand, the Core Central Region (CCR) saw a decline in average DU size by 11.7%, reaching 1,092 sq ft in 2024 from 1,236 sq ft in 2015.

Despite the URA’s intervention, the average DU size increased to 929 sq ft in 2024, an 8.3% increase from 2015’s 858 sq ft. However, with the harmonisation of the GFA definition, the average DU size may continue to trend downwards. With the advancement of technology, smart home features have become a standard provision in condos, and home appliances are moving towards the higher end of the spectrum, with brands like Swiss luxury brands becoming common in condo units. This means that buyers are getting better value for their money, as the internal strata area remains largely unchanged but fitted with better provisions compared to 10 years ago.

A major advantage of investing in a condo is the opportunity to leverage its value for future investments. This means that investors can use their condos as collateral to secure additional funding for new investments, allowing them to grow their real estate portfolio. This approach can potentially lead to higher returns, but it is important to have a solid financial plan in place and be mindful of market changes. Furthermore, with the rising demand for homes in Singapore, the addition of Singapore Projects to an investor’s portfolio can bring even greater opportunities for success.…