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HDB Resale Market Sees 19th Consecutive Quarter of Price Growth

According to quarterly data released by HDB on Jan 24, the resale prices of HDB flats rose by 2.6% in 4Q2024, marking the 19th consecutive quarter of price growth in the market. This brings the total increase in prices for the year to 9.7%. This is a significant jump from the 4.9% increase registered in 2023.

However, the growth in prices last quarter was slightly lower compared to the 2.7% increase in 3Q2024. Mohan Sandrasegeran, head of research & data analytics at SRI, believes that the strong growth in prices throughout 2024 can be attributed to the limited supply of flats reaching their Minimum Occupation Period (MOP) during the year.

He also adds that the limited supply has put upward pressure on prices, especially for newer flats and larger unit types that cater to the needs of growing families.

Among the different types of HDB flats, five-room flats saw the highest price increase in 4Q2024, with the average resale price jumping by 2.2% to $754,097. Meanwhile, four-room flats saw a 2.2% increase to $652,544 in the same period.

The Central Area saw the highest increase in prices, growing by 25.6% in 4Q2024, followed by Toa Payoh (12.1%), Tampines (6.9%), Bishan (6.7%), and Bedok (6.1%). Over 90% of the transactions for flats priced at $1 million or more happened in mature estates, with Kallang/Whampoa recording the highest number of million-dollar flats sold (156 units), followed by Toa Payoh (144 units), and Bukit Merah (135 units).

The transaction volumes for the resale market saw a dip of 21.1% in 4Q2024, with 6,424 units sold compared to 8,142 units in 3Q2024. Seasonal factors, such as the year-end holiday and festive season, may have contributed to the decline, as well as the lower interest rate that may have encouraged some buyers to consider the private residential or Executive Condominium (EC) markets.

Another factor could be the preference for prospective buyers to ballot for flats in the latest Build-to-Order (BTO) exercise, which saw HDB launch a record 15 projects comprising 8,573 flats under the new location-based classification framework. For the first time, singles were also allowed to purchase two-room flexi BTO flats in all locations.

However, overall resale transaction volumes in 2024 increased by 8.4% from 2023, with 28,986 units sold compared to 26,735 units. This is the largest number of yearly resale transactions since 2021 when 31,017 units were sold. The HDB towns that were most popular among buyers in 2024 were Sengkang, Woodlands, Punggol, Tampines, and Yishun, which accounted for 35.9% of all resale transactions.

When it comes to investing in condos in Singapore, there is one crucial aspect that must be considered – the government’s property cooling measures. Over the years, the Singaporean government has implemented various measures to control speculative buying and maintain a steady real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which entails higher taxes for foreign buyers and those purchasing multiple properties. While these measures can potentially affect the short-term profitability of condo investments, they also play a significant role in the long-term stability of the market, making it a more secure environment for investing. Moreover, with the recent surge of new condo launches, the market is continuously evolving, providing more opportunities for investors to diversify their portfolio and potentially increase their returns in the long run.

Looking Ahead

In 2025, approximately 6,976 flats are expected to reach the end of their MOP, which is a 41.6% decrease from the 11,952 flats in 2024. This is due to the smaller number of BTO flats completed in 2020 during the Covid-19 pandemic. However, HDB has announced plans to launch over 25,000 new flats across three BTO exercises in 2025, including 19,600 BTO flats and more than 5,500 flats under the Sale of Balance Flats (SBF) exercise.

When it comes to investing in real estate in Singapore, the location of a property plays a crucial role. This is especially true for condominiums, as a well-placed condo can greatly impact its potential for value appreciation. Optimal locations, such as central areas or those near key amenities like schools, shopping malls, and public transportation hubs, have been shown to experience a higher increase in value over time. In Singapore, prime areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently demonstrated positive growth in property values. Furthermore, condos situated near reputable schools and educational institutions are highly coveted by families, making them an even more desirable investment opportunity. Therefore, carefully assessing the location of a property is imperative for those considering investing in a condo in Singapore, as it can lead to long-term growth and the potential for financial success in the condo market.

The next SBF exercise will take place in February, offering 5,000 BTO flats in Kallang/Whampoa, Queenstown, Woodlands, and Yishun. This will be the largest SBF exercise since November 2020. Around 40% of the 5,500 SBF flats have already been completed.

The increase in public housing supply aims to meet the growing demand for housing in Singapore. Mohan Sandrasegeran predicts that resale prices in the HDB market for 2025 could grow by 3.5% to 5.5%, with around 26,000 to 27,000 resale transactions. However, Lee Sze Teck, senior director of data analytics at Huttons Asia, projects a more optimistic price increase of 5% to 8% for the year.…

Condo investment in Singapore is an attractive option for many, but there are important factors to consider before diving in. One of the most crucial considerations is the impact of the government’s property cooling measures. With the aim of promoting a stable real estate market and discouraging speculative buying, the Singaporean government has implemented various measures over the years. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may initially affect the short-term profitability of condo investments, they ultimately contribute to a more secure and stable market, making it a safer environment for investment. Keeping abreast of new condo launches is key in navigating and maximizing opportunities in this dynamic market. So, whether you are a seasoned investor or a first-time buyer, it is essential to carefully consider the government’s property cooling measures and stay informed about the latest developments in the condo market. New Condo Launches can provide valuable insights and opportunities for successful condo investments in Singapore.

A new luxurious hotel has opened in Galle, Sri Lanka under the Radisson Collection brand. This marks the first hotel for the brand in the Southeast Asia and Pacific region and the fourth property in Sri Lanka for the Radisson Hotel Group. The Radisson Collection Resort, Galle offers 106 rooms overlooking the ocean, providing guests with stunning views.

Guests can enjoy various amenities at the hotel, including a beachfront pool, a 24-hour nanny service at the kids’ club, and multiple dining options such as Ozen, which serves a fusion of Asian and Japanese cuisine, and Catch Restaurant, a seafood dining spot. The hotel also features Taboo Beach Club, an entertainment area on the beach with sun loungers and daybeds offering bottle service.

Located on the southwest coast of Sri Lanka, Galle has many attractions for visitors to explore. The city is home to Galle Fort, a 17th-century fortress that is a designated Unesco World Heritage site. Guests can also visit historic temples, colonial buildings, and wildlife centers, including a sea turtle hatchery.

In addition to this new hotel, the Radisson Hotel Group has announced plans for further expansion in the region. The group recently opened their 100th hotel in India and has added a new resort in Lonavala, India. The brand is also expanding its presence in China, showing its commitment to delivering exceptional experiences for travelers worldwide.

In Singapore, investing in condos carries an important factor to consider – the government’s property cooling measures. To promote a steady real estate market and reduce speculative buying, the Singaporean government has implemented various measures over the years. This includes the Additional Buyer’s Stamp Duty (ABSD), which requires higher taxes for foreign buyers and individuals purchasing multiple properties. Despite potentially affecting the short-term profitability of condo investments, these measures contribute to the market’s long-term stability, creating a secure investment environment. Singapore Projects are also a valuable addition to the local real estate market.…

An agreement has been reached between Meinhardt, a consulting firm based in Singapore, and Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN), to work together in developing digital and smart city projects in developing countries in the Asean region. According to a press release on January 17, the two parties have signed a Memorandum of Understanding (MOU) with the aim of promoting innovative and sustainable urban solutions through the exchange of knowledge and resources.

JOIN, a Japanese public-private fund that supports infrastructure projects overseas, will leverage its network and expertise to aid Japanese companies in investing in overseas projects. On the other hand, Meinhardt will utilize its leadership in integrated planning, design, and project management solutions to contribute to the partnership.

This collaboration is a result of the Memorandum of Cooperation (MOC) signed in November last year between Japan’s Ministry of Land, Infrastructure, Transport and Tourism and Singapore Cooperation Enterprise. The MOC aimed to facilitate the development of digital and smart cities in Asean and other areas.

When considering investing in a condo in Singapore, it is crucial to take into account the government’s property cooling measures. In an effort to prevent speculative buying and maintain a steady real estate market, the Singaporean government has implemented various measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD), which involves higher taxes for foreign buyers and those purchasing multiple properties. While these actions may have a short-term impact on the profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer investment environment. Singapore Projects play an essential role in this market, providing investors with secure and reliable options for their funds.

The government’s property cooling measures are an important factor to consider when investing in condos in Singapore. In an effort to maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented several measures throughout the years. One of these measures is the Additional Buyer’s Stamp Duty (ABSD) which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they also contribute to the long-term stability of the market. This ultimately creates a safer investment environment for individuals looking to invest in condos.

Meinhardt believes that this MOU will serve as a platform for both parties to share information, identify synergies, and work together on projects from the initial stages, leading to significant impact across borders.…

Minister for National Development Desmond Lee has announced the successful completion of the final two pandemic-delayed projects by HDB, according to a press release on Jan 20.

The two Build-to-Order (BTO) projects, Punggol Point Cove (Phase 2) and Kempas Residences, signify the completion of HDB’s pandemic-delayed housing projects. In total, 92 projects have delivered more than 75,800 new flats to Singaporeans in the last five years.

For 2024, HDB completed a total of 22 housing projects, with 17 of them having been delayed due to the pandemic. The remaining four projects were completed on schedule, with only one experiencing a delay due to non-pandemic reasons.

Read also: HDB to launch 19,600 BTO flats and over 5,500 sale of balance flats in 2025

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Of the 22 housing projects, two were Shorter Waiting Time (SWT) projects that were completed within a waiting period of less than three years. These projects, Parc Glen at Tengah and Grove Spring at Yishun, consist of a total of 1,995 flats.

The remaining projects had waiting times of up to five years. Overall, over 18,000 flats were completed in 2024, according to HDB.

Flat owners of Punggol Point Cove (Phase 2) have been receiving the keys to their new homes since November 2024, while key collection for Kempas Residence began in mid-January this year.

Following the completion of the final blocks within both projects this month, HDB is expected to inform the remaining flat owners of their key collection date soon.

Investing in a condo in Singapore has gained considerable popularity among both locals and foreigners, thanks to the country’s strong economy, stable political climate, and exceptional standard of living. The real estate market in Singapore presents a plethora of prospects, and condos are particularly appealing due to their convenience, amenities, and potential for lucrative returns. In this piece, we delve into the advantages, factors to consider, and necessary measures to take when investing in a condo in Singapore. With condo options, the possibilities are endless.

Situated along New Punggol Road, Punggol Point Cove (Phase 2) consists of 1,179 units of two-room flexi, three-, four-, and five-room flats spread across six residential blocks. Due to pandemic delays, the last block of the project was completed 12 months after its original Probable Completion Date (PCD) earlier this month.

As of Jan 15, 657 households, or 59% of the 1,109 booked units, have collected their keys.

According to HDB, the completion of Punggol Point Cove (Phase 2) marks the overall completion of all flats in the Punggol Point District. This includes Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects, which were all completed in 2024.

Read also: Is it a Good Deal?: $1.125 million for a nearly new four-room HDB flat along Dawson Road

Situated between Serangoon Road, Lavender Street, and Boon Kheng Road, the Kempas Residences BTO project comprises of 583 units of two-room flexi, three-, and four-room flats spread across four residential blocks.

The final block, which was delayed by six months from its original PCD, was completed in mid-January.

When considering investing in a condo, it is crucial to also evaluate the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Usually, areas with high rental demand, for example, those near business districts or educational institutions, offer better rental yields. It is essential to conduct thorough market research and consult with real estate agents to gain valuable insights into the rental potential of a specific condo. You can also explore the latest New Condo Launches to further your understanding of the rental market.

As of Jan 15, 37 households, or about 7% of the 555 booked units, have collected their keys.

Currently, 110 HDB housing projects are under construction, an increase from 95 a year ago due to the higher BTO supply in recent years. HDB states that it is on track to complete about 17,000 flats across 27 projects in 2025.

“Check out the newest listings for HDB properties”…

CDL Hotels Holdings New Zealand Limited (CDLHH NZ), a subsidiary of City Developments Limited (CDL), has announced an offer to acquire all outstanding shares of New Zealand-listed Millennium & Copthorne Hotels New Zealand Limited (MCK) at NZ$2.25 ($1.72) per share. This move is part of CDL’s plan to simplify the ownership structure of its New Zealand entities, according to a filing on Jan 20.

MCK, which currently owns, leases, or franchises 18 hotels in New Zealand, also has a majority stake in CDL Investments New Zealand Limited and interests in properties in Australia through its Kingsgate Group subsidiaries.

As of Jan 17, CDLHH NZ already holds a 75.86% stake in MCK, representing 80.02 million shares out of 105.48 million in total. In the event that CDLHH NZ reaches the threshold to trigger the compulsory acquisition provisions of the New Zealand takeovers code, it will acquire all outstanding shares in MCK. CDLHH NZ also has the option to redeem MCK’s non-voting redeemable preference shares.

However, as the offer does not include MCK’s non-voting redeemable preference shares, CDLHH NZ has announced its willingness to acquire these shares at a price of NZ$1.70 or approximately $1.30 each. This acquisition will be made through Craigs Investment Partners, CDL’s broker on the Main Board of the New Zealand Stock Exchange (NZX). As of Jan 17, CDLHH NZ holds 91.34% (or 48.17 million) of MCK’s non-voting redeemable preference shares.

If the offer is accepted by all shareholders, CDLHH NZ will pay a total of NZ$57.29 million for their shares. The company also expects to pay NZ$7.77 million for the redeemable preference shares.

When contemplating a condo investment, it is crucial to also evaluate its potential rental yield. Rental yield refers to the annual rental income compared to the property’s purchase price, expressed as a percentage. In Singapore, rental yields for condos can vary greatly depending on factors such as location, condition of the property, and market demand. Generally, areas with high rental demand, such as those near business districts or prestigious educational institutions, tend to offer more attractive rental yields. To gain a deeper understanding of the rental potential of a specific condo, conducting thorough market research and seeking advice from reputable real estate agents can prove to be valuable.

Singapore has a diverse selection of mortgage options that investors can tap into when purchasing a condo. However, it is crucial to have a thorough understanding of the Total Debt Servicing Ratio (TDSR) framework, which sets a cap on the amount of loan an individual can take based on their income and current debt commitments. To make well-informed decisions about financing, investors should work closely with financial advisors or mortgage brokers who can guide them through the intricacies of the TDSR. This approach will also help prevent over-leveraging and ensure a sound investment. Singapore Projects should also be considered in the financing strategy.

The offer price takes into account MCK’s market price and its operating environment. As of the first half of the fiscal year ending June 30, 2024, MCK recorded a net asset value (NAV) of NZ$532.02 million and a net tangible asset value (NTA) of the same amount. For the MCK shares subject to the offer, the NAV and NTA are approximately NZ$85.62 million each as of June 30, 2024.

The offer is subject to CDLHH NZ obtaining at least 90% of voting rights in MCK by 5pm on May 2. In addition, CDLHH NZ must receive consent under the Overseas Investment Act 2005 and the Overseas Investment Regulations 2005 of New Zealand to own and control all MCK shares.

The implementation and payment of this offer is not expected to have a major impact on CDL’s earnings per share (EPS) or net tangible assets (NTA) for the fiscal year ending Dec 31, 2025.…

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When considering investing in a condo in Singapore, it is important to take into account the government’s property cooling measures. The Singaporean government has implemented several measures over the years in order to prevent speculative buying and maintain a steady real estate market. Among these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a reliable and secure environment for investing in condos.

Investing in a condo in Singapore has emerged as a favored option for both local and foreign investors, thanks to the city-state’s thriving economy, political stability, and exceptional quality of life. The real estate market in Singapore presents many lucrative prospects, and condos are particularly attractive due to their convenience, amenities, and potential for significant returns. In light of this, this article will delve into the advantages, factors to keep in mind, and essential steps to take when investing in a condo in Singapore, with a special focus on Singapore Projects.

The latest success story from Roxy-Pacific Holdings saw the sale of 71 out of 113 units at Bagnall Haus, a freehold condominium, on its launch day, Jan 18. This translates to an impressive sales rate of almost 63%, with units going for an average transacted price of $2,490 psf.

Executive chairman Teo Hong Lim attributed the strong take-up rate to the appeal of the development to local buyers, with over 90% of the buyers being Singaporeans. He also noted that the sales were evenly spread out across all unit types, with two- and three-bedroom units being the most popular, but also demand for the larger five-bedroom units.

Located in District 16 along Upper East Coast Road, Bagnall Haus boasts a prime freehold site of 74,280 sq ft, with 113 residential units spread across three five-storey blocks. The units range from the one-bedroom plus flexi units of 495 sq ft to the five-bedroom units of 1,528 sq ft.

Real estate agency PropNex’s CEO Ismail Gafoor shared that out of the 71 residential units sold, 59% were one- and two-bedroom units, with transacted prices just below $2.1 million. He added that the three-bedroom units were highly sought after as well, with 18 out of 20 units snapped up at prices ranging from $2.3 million to $2.7 million. The remaining units of four- and five-bedrooms were sold for $3 million to $3.8 million.

Gafoor believes that the pricing of Bagnall Haus, which lies in the sweet spot of under $3 million, was appealing to buyers. He also noted that the average transacted price of $2,490 psf was much more attractive compared to other 99-year leasehold new launches in the Outside Central Region (OCR) such as Chuan Park, which recorded an average price of $2,579 psf when it was launched in November 2024.

The two strata-titled shop units at Bagnall Haus – measuring 172 sq ft each – were also sold for $688,000 each, which translates to $4,000 psf.

Marcus Chu, CEO of ERA Singapore, shared that majority of the buyers were homeowners looking to occupy the units themselves. Some of them owned older landed properties and wanted to downsize to newer, more manageable apartments, while others were families from the neighbourhood who wanted to upgrade to a freehold property.

In terms of location, Chu said Bagnall Haus has a strategic location with close proximity to established amenities and reputable schools such as Temasek Primary School, which is within a 1km radius.

He also highlighted that the development is within walking distance to the upcoming Sungei Bedok MRT Station, an interchange for the Downtown and Thomson-East Coast lines. It is just one stop from Bedok South MRT Station, which will be part of a new integrated transport hub that will include a bus interchange. The transport hub will also feature a mixed-use development with retail and residential components.

According to Huttons Asia CEO Mark Yip, the strong demand at Bagnall Haus can be attributed to the pent-up demand for a new project in the area after a 15-year wait, as well as the rarity of a freehold development next to an MRT station.

He also noted that buyers recognised the potential benefits the upcoming transformation of the Bayshore precinct will bring to the area.

In conclusion, the launch of Bagnall Haus has been a success, with a high take-up rate and attractive prices for a well-located freehold development. With the upcoming transformation of the Bayshore precinct and its convenient location, the demand for the project is expected to remain strong.…

Commonwealth Towers takes the crown as the top private non-landed property to reach a new peak psf price during the week of December 27th to January 3rd. The 99-year leasehold condo recently hit a new high of $2,460 psf on December 27th with the sale of a three-bedroom unit on the 40th floor for a whopping $2.22 million. This surpasses the previous record of $2,402 psf set just three months prior, when a two-bedroom unit was sold for $1.65 million in September 2024.

Commonwealth Towers has been steadily increasing its average resale price for the past three years. In 2022, the average price was $1,971 psf across 53 transactions. The following year, it rose to $2,097 psf with 51 resale transactions. Last year, there were 37 resale transactions with an average price of $2,200 psf, marking an 11.6% increase in average resale prices since 2022.

The most expensive unit to change hands at Commonwealth Towers was a four-bedroom unit on the 39th floor for $2.96 million, or $2,273 psf. The transaction was recorded in November 2024.

Completed in 2017, Commonwealth Towers stands tall with its two 43-storey residential blocks housing 845 condo units. The units range from one to four bedrooms and span from 441 sq ft to 1,302 sq ft. The development has about 87 years remaining on its lease and is located along Commonwealth Avenue.

The runner-up on the list is freehold project Parq Bella, which set a new psf-price peak of $2,416 on December 31st. The developer sold a three-bedroom unit on the fourth floor for $2.6 million. This surpasses the previous record of $2,385 set in August 2023 for a two-bedroom unit on the fourth floor.

Parq Bella, a boutique development with only 20 units, has been seeing steady sales since its launch in 3Q2023. In 2023, the project sold five units at an average price of $2,347 psf. As of January 14th, it has sold 19 of its 20 units at an average price of $2,244 psf. The project is expected to be completed by December 2026.

The only private residential development to see a new psf-price low during the week of December 27th to January 3rd was Klimt Cairnhill. The developer sold a two-bedroom unit on the 24th floor for $2.55 million on January 3rd, setting a new psf-price floor of $3,077. This is the final unit sold at the 138-unit freehold development, which achieved 100% sales at an average price of $3,665 psf.

Klimt Cairnhill offers a mix of two- to four-bedroom apartments ranging from 829 sq ft to 2,368 sq ft, as well as two penthouses of 4,898 sq ft and 5,920 sq ft. The project is expected to be completed in April 2021 and is located along Cairnhill Road in Prime District 9.

Investing in a condo in Singapore can bring numerous benefits, making it a desirable option for both local investors and foreign buyers. The country’s real estate market is known for its high demand, potential for capital appreciation, and attractive rental yields. However, before making a purchase, it is essential to carefully consider various factors such as location, financing options, government regulations, and overall market conditions.

One of the main advantages of investing in a condo in Singapore is its high demand. The country’s booming economy and stable political climate make it an attractive destination for both local and foreign residents, resulting in a constant demand for housing. This high demand also leads to potential for capital appreciation as the value of properties in Singapore tends to increase over time.

Furthermore, condos in Singapore offer attractive rental yields, making them a profitable investment option. With a high population of expats and a thriving business environment, there is a constant need for rental properties in desirable locations. This presents an opportunity for investors to generate steady income from their condo unit.

However, it is crucial to carefully consider various factors before purchasing a condo in Singapore. The location of the property plays a significant role in its potential for capital appreciation and rental yields. A well-located condo in a desirable neighborhood is more likely to see a higher increase in value and attract tenants.

Singapore is known for its urban landscape, characterized by towering high-rise buildings and advanced infrastructure. The city boasts of luxurious condos situated in prime locations that cater to the needs of both locals and foreigners. These condos offer a perfect combination of opulence and convenience, making them highly desirable among potential tenants and buyers. With amenities like swimming pools, gyms, and security services, the quality of living in these condos is greatly enhanced. For investors, these features translate into attractive rental yields and the potential for increased property values over time.

Financing options should also be carefully evaluated, as Singapore has strict regulations and restrictions when it comes to foreign property ownership. It is essential to understand the financing options available and seek professional advice to make an informed decision.

Government regulations and market conditions can also impact the success of a condo investment in Singapore. It is crucial to stay updated on any changes in policies and the overall real estate market to make sound investment decisions.

In conclusion, investing in a condo in Singapore offers a compelling opportunity for investors seeking a stable and profitable investment. However, it is essential to conduct thorough research and seek professional advice to make informed decisions. By carefully considering factors such as location, financing, government regulations, and market conditions, investors can maximize their returns in Singapore’s dynamic real estate market. So whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a lucrative investment option, a condo in Singapore is definitely worth considering.…

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The Minister for National Development Desmond Lee, together with the Housing Development Board (HDB) and the Ministry of National Development (MND), have announced that HDB will be launching over 25,000 new flats in 2025. These new flats will be made available through a combination of Build-to-Order (BTO) flats and Sale of Balance Flats (SBF) exercises, with a mix of Standard, Plus, and Prime BTO flats under the new classification framework.

The BTO launch in February will offer approximately 5,000 flats in Kallang/Whampoa, Queenstown, Woodlands, and Yishun. In addition, next month, HDB will conduct its largest-ever SBF exercise, offering over 5,500 flats across various estates. Of these, about 40% are completed units, with the rest at different stages of construction and expected to be completed between 2025 and 2028.

Singapore has emerged as a prime location for investors seeking profitable real estate opportunities. With its bustling economy and reputation as a global business hub, this city presents a unique chance to capitalize on the condo market. The demand for properties in Singapore remains consistently high, leading to steady increases in property prices over the years. Particularly, prime condo locations have seen significant appreciation, making them a desirable investment option. Those who time their investments strategically and hold onto their properties for an extended period stand to gain substantial capital gains. Additionally, the recent introduction of new condo launches has made the market even more favorable for individuals looking to expand their real estate portfolio. The addition of new condo launches only adds to the potential for lucrative returns on investment in Singapore’s real estate market.

In total, over 10,000 new flats will be made available through the February BTO and SBF exercises. This is in line with HDB’s commitment to launch 100,000 BTO flats over five years, with a planned pipeline of 19,600 BTO flats in 2025.

The increase in BTO supply over the last four years has led to a drop in application rates. In 2024, the average application rate for first-time homebuyers for BTO flats across all flat types was 2.1, compared to 3.7 in 2019. For three-room and larger flats, the average first-timer application rate in 2024 was 2.2, down from 4.0 in 2019.

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

In 2025, an estimated 7,000 HDB flats will reach their five-year minimum occupation period (MOP), the lowest supply of such resale flats since 2015. This, along with HDB’s promise to launch more BTO and SBF flats, will offer more choices for buyers and stabilize the resale market. In addition, about one-fifth of the BTO flats slated for launch in 2025 will be Shorter Waiting Time (SWT) flats of less than three years, a boost from the 2,876 SWT flats offered in 2024 and more than the committed annual supply of 2,000 to 3,000 SWT flats. This is expected to increase options for buyers and potentially attract demand away from the resale market.

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

Securing financing is a crucial factor in purchasing a condo. In Singapore, there are various mortgage choices available. However, it is crucial to have knowledge about the Total Debt Servicing Ratio (TDSR) framework, which sets a cap on the loan amount that a borrower can obtain based on their income and current debt commitments. Being familiar with the TDSR and seeking guidance from financial experts or mortgage brokers can assist investors in making informed choices when it comes to financing and prevent excessive borrowing. In addition, check out Singapore Projects for more information.…

The sale of a three-bedroom penthouse at Orchid Mansion, located on freehold land at Amber Road in District 15, has made headlines as it earned a whopping profit of $2.58 million on Dec 31. This marks the most profitable resale transaction in the development from Dec 31, 2024, to Jan 7, 2025.The luxurious 2,842 sq ft unit on the 21st floor was sold for $4.88 million, resulting in an impressive price per square foot of $1,717. The unit was last purchased in March 2009 for $2.3 million, which means that the seller has made a profit of 112%, or an annualized profit of 4.9%, over a span of nearly 16 years.This sale has also set a new record for the most profitable resale transaction to date at Orchid Mansion, beating the previous record of $1.15 million (72.6%) when a 1,507 sq ft three-bedroom unit on the seventh floor was sold for $2.73 million ($1,812 psf) in July 2022. This unit was purchased for $1.58 million ($1,050 psf) in June 2007.According to reports, the second most profitable resale transaction during this week took place at Villa Marina, where a 1,625 sq ft unit was sold for $2.35 million ($1,446 psf) on Jan 3. The three-bedroom unit, located on the ground floor, was last purchased for $630,500 ($388 psf) in September 2006, resulting in a massive profit of $1.72 million (273%). This translates to an annualized profit of 7.6% over a period of 18 years.This sale has also surpassed the previous record for the most profitable transaction at Villa Marina, which was set at $1.58 million (219%). This previous record was achieved through the sale of a 1,916 sq ft unit on the fourth floor for $2.3 million ($1,200 psf) in July 2022. This unit was previously sold at $720,416 ($376 psf) in November 1998.Villa Marina is a 99-year leasehold development situated at Jalan Sempadan in District 15. This development, which was completed in 1999, comprises 27 low-rise residential blocks with a mix of one- to four-bedroom units that range from 1,087 sq ft to 2,314 sq ft. The development is surrounded by Masjid Kampong Siglap mosque and is only a short distance from Siglap MRT station.Education-wise, Villa Marina is conveniently located near several primary schools, including Bedok Green Primary School, CHIJ (Katong) Primary, Ngee Ann Primary School, St Stephen’s School, and Tao Nan School.On the other hand, the most unprofitable resale transaction during this period took place at Marina Bay Residences, where a 1,130 sq ft unit was sold for $2.1 million ($1,858 psf) on Jan 2. Unfortunately for the seller, this unit was last purchased for $2.49 million ($2,200 psf) in November 2007, resulting in a loss of $386,000 (16%). This translates to an annualized loss of 1% over 17 years.Marina Bay Residences had a total of 25 resale transactions in 2024, with 13 of these being unprofitable. The losses incurred by these sellers range from $43,600 to $1.25 million. The most significant unprofitable transaction at Marina Bay Residences involved a 1,227 sq ft unit that was sold for $2.8 million ($2,282 psf) on March 22, 2024.Based on a tabulation of resale caveats at Marina Bay Residences, the average resale price at the condo last month was $2,242 psf. This is higher than the average price at surrounding condos such as The Sail @ Marina Bay ($2,052 psf), Marina Bay Suites ($1,917 psf), and Marina One Residences ($2,133 psf).Marina Bay Residences is a 428-unit development located on Marina Boulevard. After completing a major $5 million renovation project from Jan 2022 to Sept 2023, the 15-year-old condo now boasts enhanced facilities and common spaces for its residents. The condo is one of two 99-year leasehold luxury condos in Marina Bay Financial Centre, which also features three Grade-A office towers, the 221-unit Marina Bay Suites, and Marina Bay Residences.

Investing in a condominium in Singapore offers numerous benefits, one of which is the potential for capital appreciation. Due to its advantageous position as a global business hub and robust economic foundation, Singapore maintains a consistent demand for real estate. As such, property values in the country have continuously risen over the years, with condos in prime areas experiencing significant appreciation. For investors who time their entry into the market wisely and hold onto their properties for an extended period, they can reap sizable gains in capital. In addition, with the numerous Singapore Projects in development, there is a promising outlook for future capital appreciation in the condo market.

When it comes to investing in a condo, securing financing is a crucial consideration. Fortunately, Singapore has a variety of mortgage choices available. However, it is vital to keep in mind the Total Debt Servicing Ratio (TDSR) framework, which puts a cap on the amount of loan a borrower can take based on their income and current debt commitments. It is crucial for investors to understand the TDSR and seek guidance from financial experts or mortgage brokers to make well-informed financing decisions and prevent over-extending themselves. Additionally, Singapore Projects make for excellent investment opportunities.…

City Developments Limited (CDL) has announced that it has divested assets worth over $600 million in the past year as part of its capital recycling strategy. According to the company, there are more divestments in the pipeline, although the total amount falls short of the $1 billion target set in early 2024 due to the slowdown in deals across different markets and asset classes.

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Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage choices available, but it is crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take, taking into account their income and current debt obligations. To make well-informed decisions about financing, it is recommended to understand TDSR and seek guidance from financial advisors or mortgage brokers. This will help investors avoid over-leveraging and consider projects in Singapore, such as Singapore Projects, for their investment.

Some of the completed divestments include the Ransome’s Wharf site in London, the freehold 8-storey industrial building Cideco Industrial Complex in Singapore, and various strata units at Citilink Warehouse Complex, Cititech Industrial Building, Fortune Centre, and Sunshine Plaza in Singapore.

Despite facing challenges in the current market conditions, the company remains optimistic and has achieved good momentum in its divestment plans. Group CEO Sherman Kwek says, “The asset divestments reflect our focus on accelerating our capital recycling initiatives. We will continue to push forward with our divestment plans to optimize our capital management and align our portfolio with our strategic objectives, ultimately maximizing shareholder value.”

Investing in a condo is a pivotal step in the real estate market. Singapore is home to diverse mortgage options, but it is crucial to have a comprehensive understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the amount of loan a borrower can obtain based on their income and current debt commitments. To make sound decisions regarding financing, it is advisable to collaborate with financial advisors or mortgage brokers who possess knowledge about TDSR. This partnership can prevent investors from overleveraging and guide them towards their financial goals. As you explore different financing options, keep in mind Singapore Projects.

Another notable divestment is the retail and office components of Hong Leong City Centre (HLCC), a mixed-use development in Suzhou, which is under contract and expected to be completed this quarter.

CDL’s shares closed at $5.05 on January 16, with a 0.2% decrease for the day and a 20.97% decrease over the past year. The company is committed to further optimizing its portfolio through strategic divestments while remaining focused on its long-term goals. Ask Buddy for more information on Sunshine Plaza properties and other real estate trends.…