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The upcoming launch of Casa Fidelio, a freehold landed development located on Fidelio Street, off New Upper Changi Road in District 15, has been making waves in the property market. According to the marketing agent, PropNex Realty, the site will be put up for collective sale by tender on March 20 with a reserve price of $24 million. This translates to a land rate of $1,388 psf.

This will be the first attempt by the owners of Casa Fidelio to sell the property en bloc. The development, completed in 1990, comprises of seven units of cluster terraces and sits on a land area of approximately 17,293 sq ft. The land is zoned for residential use and designated for two-storey mixed-landed housing.

Casa Fidelio is situated in a landed housing enclave, just a short drive away from various amenities such as East Coast Park, dining and lifestyle options at the Katong and Joo Chiat precincts, as well as shopping malls like Siglap Village, Siglap Centre, and Bedok Mall.

Investing in real estate requires careful consideration of various factors, with location being one of the most crucial. This rings particularly true in the case of Singapore, where the right location can greatly impact the value of a property. Condominiums situated in central areas or near important facilities like schools, shopping centers, and public transportation networks have a higher chance of appreciating in value. This is evident in prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD), where properties have consistently shown substantial growth. In addition, the accessibility to top-rated educational institutions in these areas makes condos even more attractive to families, giving them a stronger investment potential. With the promising returns and desirable features, it’s no wonder that Singapore Condos in these sought-after locations are highly sought after by investors.

More amenities are expected to be added in the future with the completion of Kembangan Wave, an integrated public housing project next to Kembangan MRT Station. This project will include a community club with an eating house, supermarket, and outpatient healthcare facility.

There are also several schools in the vicinity, including Opera Estate Primary School, St Stephen’s School, and Victoria School.

PropNex highlights that the site offers developers flexibility in terms of design and configuration, allowing for various types of development, such as luxury cluster houses, landed terraces, or a standalone property. Laurence Wong, the head of collective sales at PropNex, also mentions that the site’s regular shape and ample size make it ideal for a modern residential development that caters to the demand for landed homes in the East Coast area.

The demand for condos in Singapore continues to rise due to the scarcity of land in the small island country. With a growing population, strict land use regulations have been enforced, making the real estate market highly competitive and driving up property prices. This has created a profitable opportunity for investing in real estate, particularly condos, which have the potential for significant capital appreciation. Condos are in high demand and limited supply, making them a valuable asset in Singapore’s real estate market.

Recent caveats lodged show that the last transaction at Casa Fidelio was in September 2021, where a house with a land area of 1,894 sq ft was sold for $2.27 million ($1,198 psf).

In the same area, only two freehold landed homes on Fidelio Street were transacted in 2024. A terrace house on a land area of 3,423 sq ft was sold for $9 million ($2,629 psf on the land area), while a semi-detached house on 2,035 sq ft of land fetched $5.38 million ($2,643 psf on the land area). In December 2024, a recently-built corner terrace on Jalan Bangsawan, off Swan Lake Avenue, was transacted at $3,541 psf.

The tender for Casa Fidelio will close on April 22 at 3pm. For more information on Casa Fidelio and other properties in the area, visit EdgeProp LandLens.…

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Investing in a condo offers several advantages, including the opportunity to leverage the property’s value for future investments. With condos serving as collateral, investors can secure additional financing for new ventures, effectively expanding their real estate portfolio. While this approach can potentially increase profits, it is important to have a solid financial strategy in place and be mindful of potential market fluctuations. Adding a condo to one’s investment plan can bring about great opportunities but also carries its own set of risks.

The desire for condominiums in Singapore remains at a record high due to the limited land available for development. Being a small island nation, Singapore is facing a rapid population growth, leading to a scarcity of land. This has resulted in strict land use regulations and a highly competitive real estate market, where property prices continue to rise. As a result, real estate investment, particularly in condos, has become an appealing opportunity with the potential for significant capital appreciation. This trend is further driven by the emergence of new condo launches by companies like Freedom At Home Team, providing an even wider range of options for potential buyers. The introduction of new condo launches by companies like Freedom At Home Team has only added to the demand for condos in Singapore.

The first ever private housing Government Land Sale (GLS) tender for the new Bayshore precinct closed on March 18 with SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings, submitting the top bid of $658.89 million, translating to a record land rate of $1,388 per square foot per plot ratio (psf ppr).Spanning 112,992 sq ft, the 99-year leasehold site is located on Bayshore Road, next to the upcoming Bayshore MRT Station. It has the potential to yield about 515 units.The 0.82% difference between SingHaiyi’s top bid and the second-highest bid of $653.53 million ($1,377 psf ppr) from Sing Holdings suggests strong confidence in the potential of this site, according to Justin Quek, CEO of OrangeTee & Tie.Read also: GuocoLand secures $367.1 mil green loan for Faber Walk developmentAdvertisementAdvertisementMark Yip, CEO of Huttons Asia, notes that the number of bids received is the highest for a private housing GLS site since January 2022, when a Jalan Tembusu plot (now the site of Tembusu Grand) also attracted eight bids. He believes that developers may have held back from bidding for other GLS plots to pursue the Bayshore site. ‘The strong sales for the past few months have also increased the need [for developers] to replenish their land bank,’ he adds.Other bidders for the Bayshore Road site include a Frasers Property-led consortium, Kingsford Development, and a Hoi Hup Realty-Sunway Developments joint venture. The bids ranged between $1,252 psf ppr and $1,285 psf ppr, with City Developments submitting the third-highest bid of $620.8 million ($1,308 psf ppr), which is 5.3% below Sing Holdings’ bid. The lower bids of $500.68 million ($1,055 psf ppr) from a consortium comprising Hong Leong Holdings, TID and CSC Land Group, and $485 million ($1,022 psf ppr) from Sim Lian Group reflect mixed market sentiments among developers, according to Marcus Chu, CEO of ERA Singapore.AdvertisementAdvertisementWong Siew Ying, PropNex’s head of research and content, adds that SingHaiyi’s record bid of $1,388 psf ppr surpasses the previous land rate benchmark of $1,250 psf ppr set by MCL Land and CSC Land Group in November 2023 for the site of the recently-launched Elta, located at Clementi Avenue 1. This marks a new milestone for Outside Central Region (OCR) land prices that rival some GLS plots in the Central Region. Last year, Zion Road Parcels A and B in the Rest of Central Region were awarded at $1,202 psf ppr and $1,304 psf ppr respectively, while the Holland Drive and River Valley Green (Parcel A) sites in the Core Central Region sold for $1,285 psf ppr and $1,325 psf ppr, respectively.The future project at the Bayshore Road site will be the first private residential development in the new Bayshore precinct, a 60-ha estate situated between East Coast Parkway (ECP) and Upper East Coast Road. About 10,000 homes have been earmarked for Bayshore, with some 30% designated for private housing.Read also: Investment sales volume up 35.4% y-o-y in 2024; may ease in 2025: Savills AdvertisementAdvertisement'[The Bayshore Road GLS site] is probably the best site in the Bayshore precinct as it offers a sea view and doorstep access to Bayshore MRT Station,’ observes Huttons’ Yip. In addition to various new amenities that will be constructed in the neighbourhood, the area also stands to benefit from long-term development plans, such as the Long Island coastal protection project that will add reservoirs and parks fronting the Bayshore area, says Leonard Tay, Knight Frank Singapore’s head of research.PropNex’s Wong notes that there have been no significant private condo launches in the Bayshore area for decades. Existing condos in the vicinity include The Bayshore, which launched in the 1990s and Costa Del Sol, which hit the market in 2000. This may have led to pent-up demand for new private housing, including demand from HDB upgraders in the nearby Marine Parade and Bedok estates, she adds. ‘Riding on the recent positive sales momentum in the primary market, and the anticipation of healthy homebuying interest for the future Bayshore project, it is little wonder that developers were out in droves for this GLS tender – perhaps also hoping to gain a first-mover advantage in that area.’Based on SingHaiyi’s top bid, Wong anticipates an average selling price of over $2,600 psf for the future development at the Bayshore Road site. Meanwhile, Knight Frank’s Tay believes prices could start from $2,700 psf and average above $2,800 psf.…

Sustained Strong Performance for New Private Home Sales in February

According to the latest data released by the Urban Redevelopment Authority (URA) on March 17, new private home sales in February continued their strong momentum from the previous month, driven by new launches. Data shows that developers sold 1,575 units, excluding executive condos (ECs), last month, marking a 45.4% increase from the 1,083 units sold in January.

Compared to February 2024, new home sales saw a substantial growth of over 10 times, with only 153 units sold. This also marks the highest February sales figure in 13 years, since 2,417 units were sold in February 2012, says Tricia Song, CBRE’s head of research for Singapore and Southeast Asia. Including ECs, new home sales totaled 1,604 units last month, up 45.3% from January.

Developers have already sold a total of 2,658 units (excluding ECs) since the beginning of the year. This is a significant improvement from the same period last year, when it took eight months to reach a similar figure, observes Leonard Tay, head of research at Knight Frank Singapore.

The strong performance in February can be attributed to two major launches in the Outside Central Region (OCR): The 1,193-unit ParkTown Residence in Tampines North and the 501-unit Elta on Clementi Avenue 1. ParkTown Residence sold 1,041 units last month at a median price of $2,363 psf, making it the best-selling project. This translates to an 87% take-up rate at the integrated project, which is jointly developed by UOL Group and CapitaLand Development. Elta, on the other hand, sold 65.1% or 326 units at a median price of $2,538 psf. CBRE’s Song notes that both projects are located in suburban areas that have not seen new supply in the past five years, contributing to their strong performances.

The scarcity of land is a major factor contributing to the high demand for condos in Singapore. As a small island nation experiencing a rapid population growth, Singapore struggles to find available land for development. This has resulted in strict land use regulations and a cutthroat real estate market where property prices are constantly on the rise. As a result, investing in real estate, specifically condos, has become a highly profitable option for investors due to the potential for significant capital appreciation. Condos have become a popular choice for those looking to enter the real estate market in Singapore.

In addition to these two projects, developers launched a total of 1,694 units for sale in February, an 89% increase from the 896 units launched the month before. The majority of sales were in the OCR, which saw 1,452 units sold, accounting for an impressive 92% of total new private homes sold in February. This is the best monthly showing for the OCR in over nine years, since 1,523 units were sold in July 2015, says Wong Siew Ying, PropNex Realty’s head of research and content. Sales in the Rest of Central Region (RCR) made up 98 or 6.2% of units sold in February. The top-selling RCR project was Pinetree Hill, which sold 22 units at a median price of $2,613 psf.

In the Core Central Region (CCR), only 25 units were sold, accounting for 1.6% of developers’ sales last month. The best-selling CCR project was 19 Nassim, which sold five units at a median price of $3,372 psf. Additionally, four units were sold at One Bernam at a median price of $2,651 psf. The 351-unit One Bernam, which launched for sale in May 2021, is now fully sold.

Citizens and HDB Upgraders Account for Bulk of Buyers

Singapore citizens continued to make up the majority of new private home buyers at 92.4%, followed by permanent residents at 6.9%, notes Lee Sze Teck, senior director of data analytics at Huttons Asia. Foreigners accounted for 11 of the new home purchases, including the two most expensive transactions in February: the sale of two units at 32 Gilstead for $14.47 million and $14.61 million.

Record Number of Suburban Homes Sold for Over $2 Million

A total of 603 new private homes (including ECs) in the OCR were sold for at least $2 million in February, observes Christine Sun, chief researcher and strategist at OrangeTee Group. This sets a record for the highest number of new suburban homes sold at this price range in a single month since URA data became available in 1995. The previous record was in November 2024, with 512 new homes in the OCR sold for at least $2 million, she adds.

Of the 603 OCR homes that transacted for at least $2 million, 596 were non-landed homes, composed mainly of units from ParkTown Residence (397 units), Elta (145 units), and Hillock Green (16 units). PropNex’s Wong notes that the average unit prices of recent launches have “decoupled from the sub-market where these projects are located”. She explains that while property prices usually follow a hierarchy led by the CCR, followed by the RCR and then the OCR, recent launches indicate that this may no longer always be the case.

As an example, Wong points out that The Collective at One Sophia, a CCR project that launched last November, has sold 73 units at an average unit price of $2,743 psf, based on URA data up until the end of February. “This is lower than the average transacted price of units sold at Union Square Residences ($3,175 psf) in the RCR, and only slightly higher than that of The Orie ($2,734 psf), also in the RCR,” she continues.

Meanwhile, recent OCR launches such as Chuan Park, Elta, and Bagnall Haus have registered average unit prices of $2,589 psf, $2,544 psf, and $2,489 psf, respectively, surpassing RCR project Nava Grove, which logged an average unit price of $2,460 psf.

Wong believes that the narrowing price gaps between regions could be due to various factors, including site-specific attributes of projects, amenity-driven pricing, demand by HDB upgraders, and the location of certain projects on the cusp of the CCR. She predicts that prices could converge even further in the coming months as new RCR projects located just off the CCR come to market, such as One Marina Gardens in Marina South and future developments on Zion Road residential sites.

Sustained Momentum Expected

The buoyant momentum in developers’ sales is expected to continue in March, boosted by recent launches such as the 477-unit Lentor Central Residences, the 188-unit Aurea, and the 760-unit Aurelle of Tampines EC. “As of mid-March, these projects have collectively sold over 1,150 units, promising a strong closing to the quarter,” comments Marchus Chu, CEO of ERA Singapore. Given the strong performance in the first quarter, ERA has increased its new private home sales projection for the whole of 2025 to between 8,500 and 9,000 units, up from its previous range of 7,000 to 8,000.

Investors, both local and foreign, are increasingly turning to investing in condos in Singapore thanks to the country’s strong economy, stable political climate, and enviable quality of life. The real estate market in Singapore presents a plethora of opportunities, and among the most sought-after are condos, offering convenience, impressive amenities, and the potential for lucrative returns. This piece will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore. For the latest updates on new condo launches, visit New Condo Launches.

Huttons’ Lee estimates that developers will sell more than 3,200 units (excluding ECs) in the first quarter of the year. This would make it the highest first-quarter sales since 2021, he adds.

As the second quarter approaches, new launches to look out for include the 358-unit Bloomsbury Residences, the 937-unit One Marina Gardens, the 638-unit W Residences Singapore – Marina View, and the 107-unit Arina East Residences. However, despite the strong start to the year, not all projects launched in the coming months are expected to perform equally well, notes Knight Frank’s Tay. “Homebuyer demand will largely depend on the specific location and property attributes of each project, with some projects doing better than others,” he says.…

The Singapore Land Authority (SLA) has announced the launch of a new tender for a cluster of twenty heritage bungalows in Sembawang. These properties, which have a rich history dating back to the 1920s and 1930s, are up for lease for a period of five years, with a possibility of extension for an additional four years.

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When contemplating an investment in a condominium, it is crucial to also evaluate the potential rental profits. This is commonly known as rental yield, which is the annual rental income expressed as a percentage of the property’s purchase price. In Singapore, the rental yields of condos can vary greatly depending on factors such as location, property upkeep, and market demand. Typically, areas with a high demand for rentals, such as those near business hubs or educational institutions, offer a higher rental yield. To gain a better understanding of the rental potential of a specific condominium, thorough market research and consulting with real estate agents can be beneficial. Additionally, exploring new condo launches can provide valuable insights into the rental market.

Investing in a Condo entails more than just a one-time transaction, as it includes careful consideration of long-term upkeep and management of the property. An important factor to keep in mind is that Condos typically have regular maintenance fees that cover the expenses for maintaining shared areas and amenities. Though this may increase ownership costs, it also guarantees that the Condo remains in top condition and retains its value. To effectively oversee the daily operations of their Condo, investors can enlist the services of a property management company, making it a convenient and hands-off investment through Condo ownership.

Located along Admiralty Road East, Falkland Road, Auckland Road West, and Fiji Road, these two-storey black-and-white bungalows cover an area of approximately 245,300 sq ft and have a total estimated gross floor area (GFA) of 94,945 sq ft. The properties are open for lease with the use of serviced apartments, including multi-generational and senior co-living concepts. They are also suitable for F&B and retail use, with a maximum GFA of 9,580 sq ft. The minimum stay for a serviced apartment is one week.

The tender is evaluated on a price-quality basis, with bids closing on June 11 at 11 am. The site is expected to be awarded in October. The properties present a unique opportunity for tenderers to offer innovative concepts that go beyond traditional use, such as co-living and pop-up event venues. These bungalows are also ideal for social impact initiatives, further highlighting the potential of these historic properties.…

In a recent filing to the bourse on March 17, CapitaLand Integrated Commercial Trust (CICT) has announced changes to the composition of its board, including the appointment of Tan Choon Siang as the new CEO and the reassignment of current CEO Tony Tan to the role of chief corporate officer at CapitaLand Development.

Tan Choon Siang, who currently serves as the deputy CEO of the company, will officially take on the role of CEO and executive non-independent director of CICT on May 1, 2025. He will also be appointed as a member of the executive committee (EC).

Meanwhile, Tony Tan will step down from his position as executive non-independent director and member of the EC at CICT, and will instead serve as the chief corporate officer at CapitaLand Development. Tan has been at the helm of CICT as CEO and executive director since 2017.

The appointment of Tan Choon Siang comes at a significant time for CICT, as he played a key role in the 2020 merger of CapitaLand Mall Trust and CapitaLand Commercial Trust which resulted in the creation of CICT – Singapore’s largest listed REIT with a market capitalization of $15.5 billion.

Investing in a Singapore condo has become a sought-after decision for both local and foreign investors. This is due to the country’s thriving economy, stable political climate, and exceptional quality of life. The real estate market in Singapore presents a multitude of possibilities, and condos are a prime choice for their convenience, facilities, and potential for impressive returns. With the addition of Singapore Projects, let’s delve into the advantages, factors to consider, and steps to take when embarking on a condo investment in Singapore.

Prior to this appointment, Tan Choon Siang was the manager of CapitaLand Malaysia Trust since 2022, and also served as the chief financial officer of the manager of CapitaLand India Trust. He brings with him a wealth of experience, having worked as the Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2019.

Possessing a condo in Singapore comes with numerous benefits, including the potential for significant capital appreciation. The country’s advantageous location as a leading global business hub, along with robust economic foundations, consistently drives demand for real estate. Property values in Singapore have demonstrated a steady upward trajectory, with prime condo locations experiencing remarkable growth. Astute investors who enter the market at opportune times and retain their properties for an extended period can reap substantial capital gains. Additionally, investing in a Singapore Condo presents a promising opportunity for long-term financial growth.

CICT’s strong leadership team is seen as a major factor in its success, as it was the “strongest contender” for the acquisition of a coveted portfolio of retail properties from Mercatus Co-operative, according to DBS analysts. This acquisition is expected to boost CICT’s portfolio and drive future growth.

In another recent development, CICT has completed the sale of JCube to a subsidiary of CapitaLand for $340 million, further strengthening its financial position and paving the way for future investments.

With the newly announced leadership changes and its strong track record, CICT is poised for continued success in the competitive real estate landscape.…

Medical Suites at Camden Medical Centre marks 100% occupancyIn the article provided, it is reported that the asset manager and operator, Keppel, will be shifting its focus to other brownfield redevelopment projects after the completion of Keppel South Central. According to Samuel Ng, the president of the real estate division in Singapore, the redevelopment of this project is considered to be the company’s flagship and will act as a showpiece.This commercial tower, which offers approximately 650,000 sq ft of office, retail and event space, is situated along Hoe Chiang Road in Tanjong Pagar. The building comprises of 27 storeys and is equipped with typical office floor plates ranging between 20,000 and 22,000 sq ft. Additionally, it has a clear ceiling height of 3.2m. Nearly 50% of the building’s office space and retail units have been either leased or are in active negotiations. Keppel has secured a leading financial services group as the first anchor tenant, who will be leasing two whole floors. The occupants of the office are expected to move in by June.AdvertisementFurthermore, the building boasts various facilities such as retail and event spaces on the ground floor, health and wellness spaces on the fifth and sixth floors, a landscaped terrace on the 18th floor, and end-of-trip facilities on the Basement 1. These facilities were not present in the original Keppel Towers and have been added to match the standards of Grade-A office spaces. Ng commented that the company has a team in place to organise events on the tower’s premises.According to Ng, the Keppel South Central has been certified by BCA as a Green Mark Platinum Super Low Energy building. It is a drastic improvement to its energy efficiency compared to before its redevelopment. Ng mentioned that the company expects to save about 6.2 million kilowatt-hours (kWh) of energy annually, which is equivalent to the power consumption of 1,300 homes in Singapore. This will result in savings of $1.8 million every year. The company has made use of various green solutions that were initially tested in Keppel Bay Tower, which was built in 2002. Keppel Land took advantage of BCA’s grant to test five new technologies in the building, which resulted in their success and made the building Singapore’s first zero-energy commercial building in 2020.AdvertisementNg also mentioned that this experience has given the company a vast amount of knowledge to implement these new technologies in their buildings worldwide. The improvements that were implemented at Keppel South Central include physical hardware such as treated external windows to minimise heat transfer into the building, and software applications that help optimise energy usage. This redevelopment has made the building a testbed for green technology and has also made it eligible to receive a zero-energy certification from BCA.Keppel, with its new Sustainable Urban Renewal (SUR) strategy, is now looking to replicate the success of Keppel South Central across the region. Ng commented that, in the Asia Pacific region alone, there is an extensive pool of office buildings that were completed in the 1990s or earlier, and most of them do not meet the new standards for Grade-A office space. This presents a massive opportunity for sustainability-focused retrofits and the company plans to take advantage of it.In a survey conducted by JLL in March 2024, 87% of occupiers across the Asia Pacific are looking to have entirely green-certified properties in their portfolio by 2030. However, only two sq ft of low-carbon space is projected for development for every 5 sq ft of demand across Asia Pacific from now until 2028. To address this issue, Keppel announced the first close of its Keppel Sustainable Urban Renewal Fund (KSURF). The total funds under management for this project are over $2.3 billion. Keppel believes that it has the technical capabilities to execute the renewal projects themselves. This capability helps the company to stand out from other asset managers.AdvertisementAdditionally, Ng commented that, after acquiring the asset, Keppel can complete the enhancement works, stabilise occupancy and sell it within the fund’s life of seven years. To date, Keppel has applied the SUR initiative to eight projects in five different countries. While three of these projects have yet to be completed, five have been completed. Keppel has also announced the launch of two new projects — Kohinoor, a 1.1 million sq ft office block in Maharashtra, India, and Inno88 Tower, a 367,210 sq ft office building in Seoul. Keppel believes that these projects will be added to their portfolio, and the completion of Keppel South Central will provide fresh office supply in the CBD area, which currently has no available sites for an office tower development.

For international investors, it is vital to have a thorough understanding of the rules and limitations surrounding property ownership in Singapore. Fortunately, purchasing condominiums is generally less restrictive for foreigners compared to landed properties, which have stricter ownership regulations. However, foreign buyers are still required to pay the Additional Buyer’s Stamp Duty (ABSD), which currently amounts to 20% for their initial property purchase. Despite the added expenses, the steady growth and potential of the Singapore real estate industry continue to lure foreign investments. Stay updated on the latest developments in the market with New Condo Launches.

Investing in condos in Singapore has become a popular choice among investors due to its potential for high returns. However, one must also consider the government’s property cooling measures when making such investments. The Singaporean government has implemented various measures over the years to prevent speculative buying and maintain a stable real estate market. 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 affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a safer environment for investing. With reputable Singapore Projects available, investors can still find great opportunities in the condo market.…

The first sentence of the article is about a 99-year leasehold semi-detached house that will be auctioned by SRI on March 15 with a guide price of $3.65 million. The property, situated on Kew Heights in District 16, stands on a corner plot of 3,034 sq ft and is valued at a land rate of $1,203 psf.

The three-storey house, being a mortgagee sale, is up for auction for the first time. Possessing vacant possession, the property is ideal for families looking for a new home.

Spread over a land area of 4,436 sq ft, the house comprises six bedrooms, a family area, a storeroom, a car porch, and a backyard. The ground level boasts a living hall with a double-volume ceiling, a dining area, a kitchen, and a helper’s room.

Investing in a condo offers numerous advantages, one of which is the potential to leverage the property’s value for future investments. This method is commonly utilized by investors, who use their condos as collateral to secure financing for new ventures, ultimately expanding their real estate portfolio. While this approach has the potential to increase profits, it also carries its own set of risks. It is therefore essential to have a solid financial plan in place and carefully consider the potential consequences of market fluctuations. When done correctly, investing in a condo can be a smart and lucrative choice for individuals looking to grow their wealth. Interested in exploring this opportunity? Check out Condos today!

Mok Sze Sze, managing partner of auctions and sales at SRI, suggests potential buyers to consider converting some of the open areas into additional bedrooms for extended or multi-generational families. He also states that the guide price of $1,203 psf is comparatively low in the area.

Recent transactions of two other 99-year leasehold landed properties in the Kew Vale estate have been priced at $3.35 million and $3.26 million respectively. The first property is a semi-detached house along Kew Heights with a land area of 2,396 sq ft and a land rate of $1,398 psf. The second property is a terraced house along Kew Drive with a land area of 2,300 sq ft and a land rate of $1,417 psf.

The prices of 99-year leasehold semi-detached houses in the Kew Vale estate have been on the rise in the past few years. Seven such properties were sold in 2023 and 2024 at an average land rate of $1,213 psf, an increase from the average land rate of $1,002 psf across seven transactions in 2021 and 2022.

Before investing in a condo, it is crucial to evaluate its potential rental yield. Rental yield refers to the yearly rental income compared to the property’s buying price. In Singapore, the rental yields for condos can differ widely, depending on factors such as location, property condition, and market demand. Generally, areas near bustling business districts or esteemed educational institutions tend to provide higher rental yields. Researching the market thoroughly and seeking advice from real estate agents can give valuable information on the rental potential of a specific condo. If you are interested in investing in Singapore, be sure to check out Singapore Projects for more opportunities.

The area is well-connected to major motorways like East Coast Parkway (ECP) and is located near the upcoming Bedok South MRT Station on the Thompson-East Coast Line, which is set to open in 2026. Furthermore, several schools, such as Temasek Primary and Secondary Schools, Bedok South Secondary, and Bedok View Secondary, are situated near the property.

Recent sale transactions for properties in Kew Vale can be viewed on Ask Buddy. Additionally, URA Realis provides data for comparative analysis.…

When buying a condominium, it is essential to consider the property’s maintenance and management. In many cases, condo owners are required to pay maintenance fees, which cover the upkeep of shared areas and amenities. While this may add to the overall cost of condo ownership, it also ensures that the property is well-maintained and retains its value. To make the most of your investment, it is wise to hire a property management company to handle the day-to-day operations of your condo. Additionally, keeping yourself updated on the latest New Condo Launches can help you maximize your investment. Don’t forget to check out New Condo Launches for more information.

The recent sale of a penthouse at The Trizon, located on Ridgewood Close, has been crowned as the most profitable resale transaction for the week of Feb 25 to March 4. This 5,737 sq ft unit on the 23rd floor was sold for a whopping $9.76 million, translating to $1,701 psf on Feb 27. What makes this sale even more impressive is that the same penthouse unit was purchased for only $6.55 million ($1,142 psf) back in March 2016, earning the seller a hefty profit of $3.2 million (49%) and an annualised gain of 4.5% over nine years.

This sale has also set a new record as the second most profitable resale transaction at The Trizon to date. The previous record was held by a 7,083 sq ft penthouse that was sold for $11 million ($1,553 psf) in August 2023. The unit was initially purchased for $7.1 million ($1,002 psf) in November 2019, resulting in a record profit of $3.9 million (55%) and an annualised profit of 12% over close to four years.

The Trizon is a highly sought-after freehold development located in the prime District 10. It is situated near the Mount Sinai landed enclave as well as private residential estates such as Pandan Valley and Pine Grove. Nearby developments include Pandan Valley, Pinetree Hill, and Nava Grove, which are all 99-year leasehold projects.

The Trizon offers a mix of two- to five-bedroom units, with typical units ranging from 1,012 sq ft to 5,102 sq ft and penthouses ranging from 5,328 sq ft to 7,083 sq ft. According to EdgeProp Singapore, the average resale price at The Trizon is approximately $2,017 psf. Nearby Pandan Valley has an average price of $1,449 psf, while the 999-year leasehold development, Ridgewood condo, commands an average price of $1,728 psf.

New projects in the area, such as Pinetree Hill and Nava Grove, have been selling well, with units transacting at an average price of $2,550 psf and $2,460 psf, respectively. The two developments are 78% and 75% sold, respectively. On the other hand, the resale transaction with the second highest profit for the week was at Haig Court, where a 1,442 sq ft unit was sold for $2.84 million ($1,968 psf) on Feb 27. This three-bedroom unit on the third floor was previously purchased for only $798,868 ($554 psf) in 2005, earning the seller a profit of $2.04 million ($255%) and an annualised gain of 6.8% over 19 years.

Haig Court is a freehold development of 360 units located in District 15. Completed in 2004, the condo is situated in a prime location near shopping malls and reputable schools such as Chung Cheng High School and Tanjong Katong Girls’ School.

Haig Court is also surrounded by new 99-year leasehold projects, including Emerald of Katong and Tembusu Grand, which have 846 and 638 units respectively. Other new developments in the vicinity include The Continuum and Grand Dunman, which have 816 and 1,008 units respectively.

When considering investing in a condo, financing is a crucial factor to take into account. Fortunately, Singapore provides a variety of mortgage choices. However, it is important to familiarize yourself with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan an individual can obtain based on their income and current debt commitments. To make well-informed decisions about financing and avoid becoming over-leveraged, it is beneficial to understand TDSR and seek guidance from financial advisors or mortgage brokers. Investors can also look into Singapore Projects to aid in their decision-making process.

Looking at the resale transactions at Haig Court last year, the profits ranged from $450,000 to $2.06 million. This year, there have been two resale transactions at the condo so far, with the other unit being sold for $3.02 million ($2,078 psf) on Jan 17, earning the seller a profit of $2.13 million.

Unfortunately, the most unprofitable resale transaction for the week took place at Orchard Scotts, where a 2,228 sq ft unit was sold for $3.78 million ($1,696 sf) on Feb 25. However, the unit was purchased for a higher price of $4.35 million ($1,955 psf) back in 2010, resulting in a loss of $576,000 (13%) for the seller and an annualised loss of 1% over close to 15 years.

According to EdgeProp Singapore, the resale prices at Orchard Scotts have been declining in recent years, with units typically going for around $2,061 psf in March 2010 and dropping to $1,747 psf in March 2020. Average resale prices have slightly picked up in recent months, reaching around $1,760 psf in February.

Orchard Scotts is a 99-year leasehold development located in the prime District 9. Completed in 2008, the condo offers a mix of two- to five-bedroom units, ranging from 936 sq ft to 4,435 sq ft.…

More demand for older condos at higher prices COMMENTARYRewriting:”A recent sale at The Esta, a private condo, has set a new record for price per square foot from Feb 21 to 28. The two-bedroom, freehold unit sold for $2.38 million, or $2,377 psf, on Feb 26. This surpasses the project’s previous record of $2,317 psf, set in January last year when a three-bedroom unit on the 13th floor was sold for around $3.2 million.The average resale price of units at The Esta has been steadily increasing over the past three years. In 2022, there were 10 transactions with an average psf-price of $2,012. This climbed to $2,156 in 2023, with nine resale transactions. Last year, there were another nine units sold at an average price of $2,248 psf, reflecting an 11.7% increase in average resale prices since 2022.Read also: A four-bedroom unit at Gallop Gables sets new record of $2,299 psfAdvertisementBy absolute price, the most expensive unit sold at The Esta was a five-bedroom, 3,477 sq ft apartment on the 21st floor, which was sold for $6.25 million, or $1,798 psf, in October 2021.A two-bedroom unit at The Esta was sold for $2.38 million on Jan 30, setting a new psf-price record of $2,377 for the freehold condo (Picture: Samuel Isaac Chua/)The Esta is a freehold development with 400 units spread across five residential blocks along Amber Gardens. Completed in 2008, it offers a range of two- to four-bedroom apartments, ranging from 1,001 sq ft to 1,711 sq ft, as well as penthouses ranging from 2,368 sq ft to 3,477 sq ft. It is situated within walking distance of Tanjong Katong MRT Station on the Thomson-East Coast Line and is near popular lifestyle hubs such as Katong Shopping Centre and Katong V.Capturing second place for the highest new psf-prices during the review period was the 99-year leasehold condo D’Leedon. This development set a new record of $2,287 psf when a three-bedroom unit on the 29th floor was sold for $3.25 million on Feb 25. It was closely followed by the sale of a smaller three-bedroom unit of 1,367 sq ft, which was sold for $3.04 million, or $2,222 psf, on Feb 26. The previous record price at D’Leedon was $2,180 psf, set by the sale of a four-bedroom unit of 2,110 sq ft for $4.6 million in October last year.Since the start of this year, 11 units have been sold at D’Leedon, with an average psf-price of $2,065. The lowest price recorded so far this year was for a one-bedroom unit of 743 sq ft on the 10th floor, which was sold for $1.41 million, or $1,898 psf, on Feb 13.On Feb 25, a three-bedroom unit on the 29th floor of D’Leedon was sold for $3.25 million, setting a new psf-price record of $2,287 (Picture: Samuel Isaac Chua/)Located in District 10 along Leedon Heights, D’Leedon was completed in 2014 and has 1,703 units, ranging from one- to four-bedrooms and spanning 592 sq ft to 6,534 sq ft. It is within walking distance of Farrer Road MRT Station on the Circle Line and is also close to Empress Road Market and Food Centre.Read also: Boutique condo Hill House reaches new high of $3,267 psf AdvertisementRounding out the top three was Citylights, which saw a new psf-price high of $2,216 when a two-bedroom unit on the 26th floor was sold for $1.98 million on Feb 27. This surpasses the previous record of $2,122 psf, set in December last year when a two-bedroom unit on the 16th floor sold for $1.85 million. The sellers of the 26th-floor unit had purchased it for about $1.44 million, or $1,610 psf, in April 2019, making a profit of about $542,000.Completed in 2007, Citylights is a 99-year leasehold condo with 600 units situated along Jellicoe Road in Kallang (Picture: Samuel Isaac Chua/)Citylights, completed in 2007, is a 99-year leasehold condo with 600 units located along Jellicoe Road in Kallang, District 8. It offers units ranging from one- to four-bedrooms, with sizes ranging from 560 sq ft to 3,875 sq ft. It is just a one-minute walk from Lavender MRT Station and is close to various dining and retail options, such as Aperia Mall and Kitchener Complex, both within a 300m radius.There were no new psf-price lows recorded during the period in review. Check out the latest listings for The Esta propertiesAsk BuddyTotal number of units in The EstaShow me condo listings in District 10Condo transactions with the highest profits in the past yearCompare price trend of New sale condo vs Resale condoGenerate price trend graph for resale condo in District 8Total number of units in The EstaShow me condo listings in District 10Condo transactions with the highest profits in the past yearCompare price trend of New sale condo vs Resale condoGenerate price trend graph for resale condo in District 8RELATED NEWSFreehold unit at The Esta scores new high of $2,317 psfMeyerHouse hits new high of $3,124 psfUnit at The Nassim reaps $2.6 mil profitMore demand for older condos at higher prices COMMENTARYThis week, a new record has been set in The Esta, a private condo, as a two-bedroom unit was sold for $2.38 million, or $2,377 psf, from Feb 21 to 28. The previous record was $2,317 psf for a three-bedroom unit in January last year. In the past three years, Av. resale prices have risen steadily. In 2022, the average psf-price was $2,012 across 10 transactions. In 2023, it went up to $2,156 (nine transactions). Last year, the average price was $2,248 psf (nine transactions), indicating an increase of 11.7% since 2022.A two-bedroom unit was sold for $2.38 million on Feb 26, setting a new psf-price record of $2,377 for the freehold condo (Picture: Samuel Isaac Chua/)The Esta is a freehold development comprising 400 units in five residential blocks along Amber Gardens. Constructed in 2008, it offers two- to four-bedroom apartments (1,001-1,711 sq ft) and penthouses (2,368-3,477 sq ft). This is in walking distance to Tanjong Katong MRT Station (Thomson-East Coast Line) and is close to lifestyle hubs like Katong Shopping Centre and Katong V.D’Leedon, a 99-year leasehold condo, placed second for the highest new psf-price category. This development’s new record was set on Feb 25 when a 1,421 sq ft, three-bedroom unit on the 29th floor sold for $3.25 million, or $2,287 psf.The highest achieved psf-price was $2,180 psf when a four-bedroom unit of 2,110 sq ft was sold for $4.6 million in October last year. 11 units have been sold here this year, averaging $2,065 psf. The cheapest price this year was $1.41 million ($1,898 psf) for a 743 sq ft unit (Feb 13).On Feb 25, a 1,421 sq ft, three-bedroom unit on the 29th floor of D’Leedon sold for $3.25 million, setting a new psf-price record of $2,287 (Picture: Samuel Isaac Chua/)D’Leedon has 1,703 units, from one to four bedrooms (592-6,534 sq ft) and was completed in 2014. Farrer Road MRT Station (Circle Line) is in walking distance, and Empress Road Market and Food Centre are nearby.Citylights was in third place for highest achieved psf-price, with a 26th floor, two-bedroom unit sold for $1.98 million, or $2,216 psf (Feb 27). The prior record was $2,122 psf on 16th floor, two-bedroom unit sold for $1.85 million (Dec 2021). The sellers made a $542,000 profit when they bought the $1.44 million unit (Apr 2019).Citylights, a 99-year leasehold condo, completed in 2007, reached these records. It has 600 units ranging from one to four bedrooms (560-3,875 sq ft) and is situated in Kallang (District 8). Lavender MRT Station (one minute walk) is close by, as are dining and shopping,

Securing financing is a crucial element of investing in a condominium. In Singapore, there are various mortgage choices available, but it is vital to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the loan amount that a borrower can take, based on their income and current debt commitments. To ensure wise decisions when it comes to financing options and to prevent over-borrowing, it is crucial to understand the TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, keeping an eye on New Condo Launches can also aid in finding the best financing options available.

The vibrant cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art infrastructure. Among these, the popularity of condominiums stands out, particularly in sought-after locations. These modern residential complexes offer a perfect fusion of opulence and convenience, making them a desirable choice for both locals and expatriates. With an array of amenities like swimming pools, fitness centers, and top-notch security, these condos improve the standard of living and entice prospective tenants and buyers. For investors, these added benefits translate into higher rental returns and appreciating property values in the long run. For those interested in investing in Singapore’s real estate market, considering a Singapore Condo could prove to be a wise decision.…

by PwC and the Urban Land Institute (ULI) released their annual report on the Emerging Trends in Real Estate Global Outlook on March 12, which highlighted the concerns of property investors in the Asia Pacific (Apac) region. The report gathered insights from global asset managers including Blackstone, Savills Investment Management, and CBRE Investment Management, among others. Among the top concerns of investors in the region are low yields, persistently high interest rates, and geopolitical tensions. These issues were highlighted by over 70% of the survey respondents.

According to the survey, Asia Pacific remains an attractive region for diversification due to its population growth, demographic metrics, and divergent monetary policies. However, last year’s real estate transactions in the region only grew by 13% year-on-year to US$173.5 billion ($231.3 billion), while Europe and Middle East and Africa (EMEA) saw growth rates of 12% and 11%, respectively. This trend is expected to continue, with Europe and North America set to see further improvement in transaction volumes while Asia Pacific remains sluggish.

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Purchasing a condominium in Singapore has become an increasingly popular choice among both local and foreign investors. With a thriving economy, stable political landscape, and exceptional quality of life, the country presents a promising real estate market filled with opportunities. Among the various options available, condos stand out as a highly desirable investment due to their convenience, modern amenities, and potential for significant returns. As a result, many investors are eager to get their hands on lucrative projects such as Singapore Projects. Let’s delve deeper into the advantages, considerations, and necessary steps involved in entering the world of condo investing in Singapore. And don’t forget to check out the attractive Singapore Projects on offer.

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Investing in a condo has numerous advantages, with one being the opportunity to leverage its value for future investments. A popular approach among investors is using their condos as collateral to secure additional funding for new investments, ultimately growing their real estate portfolio. This tactic can potentially increase returns, but it is essential to have a solid financial plan in place and carefully assess the potential effects of market fluctuations. For potential investors, it is worth considering the latest New Condo Launches as part of their investment strategy.

In 2020, China’s real estate transactions declined by 25% year-on-year to US$418.3 billion ($557.6 billion), while Hong Kong SAR saw a 1% decrease to US$15.7 billion ($20.9 billion). This is in contrast to Europe, where the top concerns among asset managers were international political instability, escalation of the war in the region, and Europe’s economic growth.

According to data from MSCI, US commercial property prices remained stable last year, with a decrease of only 0.7%. This has led some investors to focus their attention and capital on Europe and North America. However, the report noted that data center assets have emerged as the top investment and development prospects in all three regions, with global demand reaching record levels last year.

Green Street, a New York-based research firm, reported that asking rents for data centers grew at a double-digit pace in 2020. Additionally, MSCI predicts that 2024 will be a standout year for this asset class, with a projected 60% increase in acquisitions of existing data centers in the US through single property and portfolio deals.

In line with this trend, last September saw the largest commercial real estate deal ever recorded in Asia Pacific and globally for 2024. Blackstone and the Canada Pension Plan Investment Board (CPP) jointly acquired data center firm AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for over US$16 billion ($21.3 billion). This highlights the increasing importance of data centers in the real estate investment landscape in the Asia Pacific region.…