Freedo Condo

, led by Clavon and Nom…

On the morning of November 16, sales bookings officially began for the highly anticipated Novo Place, a 504-unit executive condominium (EC) jointly developed by Hoi Hup Realty and Sunway Developments. According to Mark Yip, CEO of Huttons Asia, the response was strong with 286 units, or 57%, being sold at an average price of $1,654 per square foot (psf).

Yip believes that this high take-up rate reflects the robust demand from buyers looking for an affordable private residential lifestyle. He also notes that the take-up rate could have been even higher if not for the 30% quota set aside for second-timers. This means that 47% of the buyers were first-time buyers, while 53% were second-timers.

Investing in real estate is no easy task, and one of the most important factors to consider is location. This is particularly relevant in Singapore, where the value of a property can significantly depend on its location. Condos located in central areas or in close proximity to essential amenities like schools, shopping malls, and public transportation hubs have a higher potential for appreciation. Some of the most sought-after locations in the city include Orchard Road, Marina Bay, and the Central Business District (CBD), as these areas have consistently shown growth in property values. Moreover, condos in these prime locations are also highly desirable for families due to their proximity to good schools and educational institutions, making them an even more valuable investment option. If you are looking to invest in real estate in Singapore, choosing a Condo in one of these prime locations is definitely a wise decision.

Yip suggests that the government should consider increasing the quota for second-timers to meet the demand. He believes that the ballot for second-timers in one month will likely see a surge in demand.

For those who are not familiar, second-timers are individuals who have previously purchased subsidized housing such as a new or resale HDB flat or an EC. Ismail Gafoor, CEO of PropNex, reveals that the 30% quota for second-timers at Novo Place was fully taken up by 1pm on launch day. However, second-timers will have another opportunity to purchase units at Novo Place once the quota is lifted 30 days later. This means that they can start making bookings from December 16 onwards.

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Investing in a Singapore condo offers a wealth of advantages, making it a highly lucrative investment opportunity. The city-state’s robust economy and stable political climate have led to a high demand for properties, making it a prime location for potential capital appreciation. Additionally, with attractive rental yields, a condo in Singapore can provide excellent returns for investors. However, it is crucial to carefully consider various factors to make the most of this opportunity.

Location plays a crucial role in the success of an investment in a Singapore condo. Properties in desirable areas such as the central business district or near transportation hubs tend to have higher demand and command higher rental rates. It is essential to conduct thorough research and seek professional advice to identify the most promising locations.

Financing is another vital aspect to consider. Before making any investment, it is essential to have a solid financial plan in place. This includes evaluating your budget, interest rates, and loan options. It is advisable to consult with a financial advisor to determine the best financing strategy for your specific investment goals.

Government regulations also play a significant role in the real estate market in Singapore. As a foreign buyer, it is essential to be aware of the restrictions and regulations imposed by the government on real estate ownership. These regulations are in place to ensure the stability of the market and protect the interests of investors.

Furthermore, staying updated on market conditions is crucial. Like any other market, the real estate market in Singapore is subject to fluctuations. It is crucial for investors to monitor the market trends and be prepared to adjust their investment strategies accordingly. This can help maximize profits and minimize risks.

In conclusion, investing in a Singapore condo presents a compelling opportunity for both local and foreign investors. However, it is essential to carefully consider all factors, including location, financing, government regulations, and market conditions. By conducting thorough research and seeking professional advice, investors can make informed decisions and reap the benefits of this dynamic real estate market. With its stable economy and high demand, a condo in Singapore can be a valuable addition to any investment portfolio.

Out of the 287 units sold at Novo Place, 76% of the buyers chose the deferred payment scheme, while 24% went for the normal payment scheme. This scheme is only offered for ECs and it allows buyers to lock in their preferred unit first and pay the loan later. According to Yip, it relieves the financial burden for HDB upgraders who still have an outstanding loan on their flat.

Additionally, another advantage of buying a new EC is that HDB upgraders are granted upfront remission on the Additional Buyer’s Stamp Duty (ABSD). This means that they can continue to stay in their existing flat and sell it within six months of collecting the keys to their new EC unit.

Novo Place is located in Tengah’s Plantation district and is within walking distance to the upcoming Tengah Park MRT Station on the future Jurong Regional Line, expected to be completed by 2028. The project consists of seven 18-storey residential blocks and offers a mix of three- to four-bedroom plus-study units. The three-bedroom plus-study units are already 97% sold, while the four-bedroom units are fully sold. The four-bedroom plus-study units are more than half sold, which aligns with the demand from HDB upgraders who are looking for a bigger space and more flexibility.

Novo Place is the second EC project launched this year, after the 512-unit Lumina Grand at Bukit Batok West Avenue 5 by City Developments Ltd in January. The latter is currently 84% sold at an average price of $1,510 psf.

According to Eugene Lim, key executive officer of ERA Singapore, current EC buyers are in a more advantageous position as future EC launches are expected to be priced higher due to rising land and construction costs.

Overall, the sales results at Novo Place demonstrate the strong demand for affordable private residential options, especially among HDB upgraders. With rising prices expected for future EC launches, current buyers are in a good position to secure their desired units.…

REDAS, the Real Estate Developers’ Association of Singapore, recently celebrated its 65th anniversary, with its President, Tan Swee Yiow, welcoming guests at the Marina Bay Sands ballroom. This milestone event holds great significance for the organization, as it marks the completion of 65 years of dedication towards shaping the real estate landscape of Singapore. As Tan mentioned in his welcome speech, turning 65 also means receiving CPF retirement payouts for many, highlighting the importance of planning for the future and securing financial stability.

Founded in 1959, six years before Singapore gained independence, REDAS was initially known as the Singapore Land and Housing Developers’ Association. Its visionary founders, who were developers themselves, played a crucial role in shaping the nation’s real estate sector. Among them were pioneers like Lee Kim Tah, founder of the Lee Kim Tah Group, who was responsible for many iconic buildings in Singapore, and Lee Chin Chuan, who founded Hotel Royal in 1968.

In his speech, Tan emphasized the central role played by the real estate industry in nation-building. In addition to shaping the physical landscape, it also drives social progress and creates job opportunities. He further mentioned that the real estate industry contributed nearly $20 billion to Singapore’s GDP last year, employing 16% of the workforce and providing 602,000 jobs.

Singapore Condos Continue to Be in High Demand Due to Limited Land Availability

The demand for condominiums in Singapore remains strong, and one of the primary factors driving this demand is the limited availability of land. As a small island nation experiencing rapid population growth, Singapore faces a scarcity of land for development. Consequently, strict land use policies have been put in place, creating a highly competitive real estate market where property prices are continually on the rise. As a result, investing in real estate, particularly in Singapore condos, proves to be a highly profitable venture with the potential for significant capital appreciation. For a great selection and investment options in Singapore condos, consider checking out Singapore Condo. With their limited availability and high demand, investing in Singapore condos is a wise decision for anyone looking to enter the real estate market in this bustling city-state.

Investing in a condo in Singapore offers numerous benefits, one of which is the potential for capital appreciation. Thanks to its strategic location as a global business hub and strong economic fundamentals, Singapore continues to drive demand for real estate. As a result, property prices in the country have been on a consistent upward trend, particularly for condos in prime locations. Those who make smart investments and hold onto their properties for an extended period can reap substantial capital gains. Simply put, purchasing a Singapore Condo at the right time can prove to be a sound and profitable investment.

From early skyscrapers to iconic projects such as Golden Mile Complex, OCBC Centre, Raffles City, The Fullerton Hotel, and South Beach, the real estate industry has consistently shaped Singapore’s skyline to meet the city’s growing needs. Tan also highlighted the significant contribution of developments like Marina Bay and Jewel Changi Airport in helping Singapore become a global financial hub and a top destination.

He also mentioned how the industry has evolved beyond just creating physical spaces, with a focus on responsible and sustainable development. From eco-friendly designs to world record-breaking green spaces, the real estate industry has gained international recognition, setting new standards and reinforcing Singapore’s commitment to sustainable development.

At the anniversary dinner, the REDAS Lifetime Achievement Award was bestowed upon Chia Ngiang Hong, Group General Manager of City Developments Ltd (CDL). This prestigious award honors individuals who have made lasting contributions to the community, environment, and REDAS. In his acceptance speech, Chia expressed his gratitude to the Kwek family, whom he has had the privilege to work with for 45 years at CDL. He also spoke about his active involvement with REDAS for over 30 years, and how the association has played a pivotal role in providing constructive feedback to the government on private sector policies.

Chia has also served as REDAS President for two terms, including during the challenging period of the Covid-19 pandemic. He highlighted the association’s proactive efforts in joining various committees alongside government agencies to guide the industry through the confusion and chaos. Chia believes that the future holds “boundless potential” and is confident that the next generation will uphold the values that have guided REDAS and continue to lead Singapore’s transformation and growth with purpose.…

One crucial aspect to take into account when putting your money into a condo is the management and upkeep of the property. As part of owning a condo, there are usually maintenance fees to cover the maintenance of shared spaces and amenities. While these fees may increase the overall cost of ownership, they play a significant role in preserving the property’s condition and value. Opting for a property management company can assist investors in managing the daily affairs of their condos, making it a relatively hands-off investment. Additionally, Singapore Projects can provide excellent opportunities for investors in the condo market.

On November 15, the Real Estate Developers’ Association of Singapore (REDAS) celebrated its 65th anniversary at a grand dinner held at the Marina Bay Sands ballroom. In his welcome speech, president of REDAS, Tan Swee Yiow, highlighted the significance of turning 65, which for some individuals may mean receiving CPF [Central Provident Fund] retirement payouts. The guest of honour at the event was President of Singapore Tharman Shanmugaratnam.

When it comes to investing in condos in Singapore, there is another important factor to consider – the government’s property cooling measures. In order to maintain a steady real estate market and prevent speculative buying, the Singaporean government has implemented various measures over the years. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While this may affect the short-term profitability of condo investments, it ultimately contributes to the long-term stability of the market, making it a secure investment environment. Condos are a worthwhile investment in Singapore, thanks to these measures put in place by the government.

Established in 1959, REDAS was initially known as the Singapore Land and Housing Developers’ Association, six years before Singapore gained independence. Its founding members, who were visionary developers, played a crucial role in shaping the nation’s real estate landscape. Among them was the late Lee Kim Tah, founder of the Lee Kim Tah Group, which began as a materials supplier to the British army before transitioning into a leading contractor and developer responsible for many of Singapore’s iconic buildings. Another pioneer was Lee Chin Chuan, who founded Hotel Royal in 1968 and served as executive chairman until his passing in 2018. The third pioneer was Tay Beng Swee, who established his private property development business in 1962.

“Real estate is central to nation-building,” says Tan, highlighting the industry’s role in shaping not just the physical landscape but also driving social progress and providing employment for the nation. In 2020, the real estate industry contributed nearly $20 billion to Singapore’s GDP, employing 16% of the workforce and providing 602,000 jobs.

From early skyscrapers to iconic projects such as Golden Mile Complex, OCBC Centre, Raffles City, The Fullerton Hotel, and South Beach, REDAS members have consistently shaped Singapore’s skyline to meet the city’s growing needs. Tan also points out that developments like Marina Bay and Jewel Changi Airport are prime examples of how the real estate industry has helped Singapore become a global financial hub and a top destination.

According to Tan, real estate has evolved beyond just providing physical space. REDAS members have been at the forefront of eco-friendly designs and record-breaking green spaces, gaining international recognition and setting new standards that reinforce Singapore’s commitment to responsible and forward-thinking development.

At the anniversary dinner, the prestigious REDAS Lifetime Achievement Award was presented to Chia Ngiang Hong, group general manager of City Developments Ltd (CDL). The award honours individuals who have made significant and lasting contributions to the community, environment, and REDAS. Chia has dedicated 45 years to CDL, and during his acceptance speech, he jokes about how he has managed to “survive” at the company for so long.

Chia has worked with three generations of the Kwek family, the founder, the late Kwek Hong Png, the current executive chairman, Kwek Leng Beng, and the group CEO, Sherman Kwek. He expresses his gratitude for their support and acknowledges their passion for real estate and entrepreneurial spirit, which have profoundly influenced and shaped his career.

Kwek Leng Beng, a patron of REDAS, was the one who brought Chia into the association during the mid-1980s, amidst the Pan-El crisis. Kwek Leng Beng and the then-president of REDAS served on the Property Market Consultative Committee (PMCC), and Chia was invited to assist one of its subcommittees. Chia has been actively involved with the REDAS Council for over 30 years, alternating serving on the council with his late deputy chairman, Kwek Leng Joo.

Over the years, REDAS has been a crucial voice in providing constructive feedback to the government on private sector policies and advocating for the real estate industry. Chia himself served as REDAS president for two terms during the challenging Covid-19 period. Despite the industry facing insurmountable challenges, Chia and REDAS sprang into action, proactively joining various committees alongside government agencies to guide the sector through the confusion and chaos. Chia found it rewarding to work closely with stakeholders and the government during this time and believes that together, they have emerged stronger, more prepared, and have accelerated the transformation of the built environment.

As he hands over the presidency to the next generation, Chia is confident that they will continue to uphold the values that have guided REDAS and lead Singapore’s transformation and growth with purpose, paving the way for a limitless future.…

Tuan Sing Holdings, a Singapore-based property developer and investment firm, has recently unveiled its plans to revitalize its mixed-use properties at 121-131 Collins Street and 23-25 George Parade in Melbourne.

In collaboration with its wholly-owned subsidiary, Grand Hotel Group (GHG), the company has engaged Hong Kong-based urban design firm Urbis Ltd to submit a Town Planning Application to the City of Melbourne for the proposed works.

The existing properties currently house the well-known 550-room Grand Hyatt Hotel and various retail spaces. In the reconstruction, Tuan Sing aims to keep much of the existing podium structure intact, allowing business operations for tenants and the Grand Hyatt Hotel to continue as usual.

Limited land availability is a major factor driving the surging demand for condominiums in Singapore. Being a small island nation with a rapidly expanding population, Singapore is faced with a shortage of land for development. As a result, the government has implemented strict land use policies and the real estate market has become highly competitive, leading to consistently increasing property prices. This has led to the attractiveness of investing in real estate, particularly in condos, as they offer the potential for capital appreciation. Moreover, with the emergence of new condo launches, the condo market in Singapore continues to thrive, providing even more opportunities for investors to benefit from the limited land availability.

According to Tuan Sing’s announcement on November 14, the reconstruction will mainly focus on façade modifications, extensive refurbishment, and reconfiguration of spaces in the property’s podium from levels 4 to 9B. Upon completion and subject to regulatory approvals, the site will offer about 909,550 sq ft in total gross floor area (GFA) and introduce a new luxury retail and F&B precinct.

Selecting the perfect location is crucial when it comes to investing in real estate, and this is especially relevant in Singapore. Condos that are located in central areas or in close proximity to vital amenities such as schools, shopping malls, and public transportation hubs typically experience a higher appreciation in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently demonstrated a steady growth in property values. Moreover, the presence of top-rated schools and educational institutions in these areas make condos a highly desirable investment for families, further solidifying their potential for returns. In fact, Singapore Projects have proven to be a lucrative choice for real estate investors in these in-demand locations.

William Liem, CEO of Tuan Sing, believes that the podium redevelopment at 123 Collins Street will bring a new level of connection and activation to one of Melbourne’s most prominent intersections in the city’s historic Paris End. He also emphasizes the importance of an environmentally sustainable approach to the transformation, stating that it can be a testament to the company’s commitment to the environment. Through reimagining rather than rebuilding, Tuan Sing hopes to create a sustainable and culturally vibrant Melbourne for generations to come.…

Investing in a Singapore Condo offers numerous advantages, with one of the key benefits being the potential for capital appreciation. The country’s strategic position as a global business hub, along with its robust economic foundation, continues to drive a high demand for real estate. As a result, property prices have consistently shown an upward trend over the years, with condos in prime locations experiencing significant appreciation. Savvy investors who time their entry into the market wisely and hold onto their properties for the long term can reap the rewards of substantial capital gains. This makes investing in a Singapore condo a smart and promising choice.

SINGAPORE (EDGEPROP) – On November 27, SRI will be auctioning a two-storey HDB shophouse along Bukit Merah Central. The shophouse has a floor area of 1,582 sq ft and has a guide price of $2.55 million, which translates to $1,612 per square foot.

This will be the first time the property is going up for auction, according to Eric Liew, manager of auction sales at SRI. The owner is looking to liquidate their investment, which is why they have decided to sell the property.

With a remaining lease of 59 years, the shophouse has a tenure of 103 years from 1980. The ground floor occupies 732 sq ft and has been zoned for commercial use, while the upper floor, which has an area of 850 sq ft, is zoned for residential use.

The shophouse is currently tenanted and will be sold with its existing tenancies. The ground floor is leased to a Domino’s Pizza restaurant until 2026, while the upper floor is leased to a residential tenant until 2027.

As HDB shophouses are considered commercial property, it is eligible for purchase by foreigners. However, the additional buyer’s stamp duty will be payable on the residential component, and the commercial component will be subject to goods and services tax.

According to Liew, there have been several enquiries from interested parties, most of whom are investors attracted to the property’s prime location in the central area of Bukit Merah.

The shophouse is situated in the bustling Bukit Merah Town Centre, which is home to a cluster of buildings with shops and other amenities, including the Bukit Merah Polyclinic, Bukit Merah Central Food Centre, Rubikon boutique convention centre, and Gateway Theatre performing arts centre.

Additionally, the shophouse is located within walking distance of the Bukit Merah bus interchange, Gan Eng Seng Primary School, and Bukit Merah Secondary School. The Redhill MRT Station is a 15-minute walk away.

According to data compiled by EdgeProp Research, the most recent commercial transaction at 161 Bukit Merah Central was the sale of a 1,582 sq ft shophouse that fetched $1.5 million ($948 psf) in March 2021.

Securing financing is a crucial consideration when investing in a Singapore condo. With various mortgage options available, it is important to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, taking into account their income and current debt obligations. It is wise for investors to comprehend the TDSR and consult with financial advisors or mortgage brokers to make well-informed decisions and avoid being over-extended.

Furthermore, latest commercial rents at Bukit Merah Central range from $4 to $6 per square foot per month.…

When purchasing a condominium, it is crucial to take into account the property’s maintenance and management. Usually, condos come with maintenance fees that cover the maintenance of communal areas and amenities. While these fees may increase the overall cost of owning a condo, they ensure that the property stays in excellent condition and retains its value. To make the investment more hassle-free, enlisting the services of a property management company can assist investors in handling the daily management of their units. Moreover, Singapore Projects can also provide valuable insights into the local real estate market and help investors make informed decisions.

Tuan Sing Holdings, a property developer and investment firm listed in Singapore, has recently announced its plans to reconstruct its mixed-use properties in Melbourne. The properties, located at 121-131 Collins Street and 23-25 George Parade, will be transformed by the company’s wholly-owned subsidiary, Grand Hotel Group (GHG).

Urbis Ltd, a Hong Kong-based urban design firm, has been instructed by GHG to submit a Town Planning Application to the City of Melbourne for the proposed works. Currently, the properties are home to the 550-room Grand Hyatt Hotel and various retail spaces. The reconstruction will involve retaining much of the existing podium structure, allowing business operations for tenants and the Grand Hyatt Hotel to continue normally.

The focus of the reconstruction will be on façade modifications, extensive refurbishment, and reconfiguration of spaces in the property’s podium from levels 4 to 9B. According to Tuan Sing’s announcement on Nov 14, upon completion and subject to regulatory approvals, the site will have a total gross floor area of approximately 909,550 sq ft and will introduce a new luxury retail and F&B precinct.

William Liem, CEO of Tuan Sing, believes that the new podium development at 123 Collins Street will redefine connectedness and activation at one of the most prominent intersections in Melbourne’s renowned Paris End. He also adds, “With the right approach, this transformation can be an architectural statement of our environmental stewardship. By reimagining rather than rebuilding, we’re pursuing an inherently sustainable vision that supports a thriving, connected, and culturally vibrant Melbourne for generations to come.” For those looking to invest in overseas properties, there are various projects available for sale around the world that can be explored.

One of the main factors driving the high demand for condos in Singapore is the limited supply of land. As a small island nation experiencing a rapid increase in population, Singapore is facing a shortage of land available for development. As a result, strict land use regulations are in place and the real estate market is highly competitive, causing property prices to continuously rise. As a result, investing in real estate, specifically condos, has become a highly profitable opportunity with the potential for significant capital appreciation. This trend is evident in the numerous Singapore Projects that are continually being developed to meet the demand for condos.…

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SINGAPORE (EDGEPROP) – Despite a slight decrease in caveated transactions, the shophouse market continues to attract strong interest in 3Q2024, according to Huttons Asia’s latest quarterly report released on Nov 12.

In the third quarter of 2024, there were 18 caveats lodged for shophouse transactions, compared to 21 in the previous quarter. The total value of these transactions was $138.9 million, which is 28.8% lower than the $195.1 million recorded in the second quarter. On a year-on-year basis, this is only half of the transacted quantum in 3Q2023, which was $278.6 million.

In the first nine months of 2024, 62 shophouses were sold, representing a 46.1% decrease compared to the same period last year. The total value of transactions for the first three quarters of 2024 was $519 million, a 48.5% drop from the same period in 2023.

Despite the decline in transaction numbers, Huttons’ report highlights that several shophouse deals were not caveated in 3Q2024. According to market sources, there were reportedly sales of shophouses along Amoy Street, Neil Road, and Telok Ayer Street in Districts 1 and 2, with an estimated quantum of over $70 million, says Lee Sze Teck, senior director of data analytics at Huttons Asia.

Purchasing a Singapore Condo has emerged as a highly preferred choice for both local and foreign investors. This can be attributed to the country’s flourishing economy, stable political environment, and exceptional standard of living. The real estate industry in Singapore boasts a plethora of opportunities, with condos being a particularly alluring option due to their conveniences, facilities, and potential for lucrative returns. In this article, we will explore the benefits, important considerations, and essential steps to take when embarking on a venture in the realm of Singapore Condo investment. With options such as Singapore Condo available, investors have even more opportunities to succeed in this market.

Purchasing a condo in Singapore has emerged as a favored investment option for both domestic and international investors, thanks to the country’s strong economy, stable political climate, and exceptional quality of life. Singapore’s real estate sector presents a plethora of possibilities, with condos particularly standing out for their convenience, facilities, and potential for lucrative returns. This article delves into the advantages, aspects to keep in mind, and the necessary steps to take when investing in a condo in Singapore. By visiting Condo, you can explore more about this option.

This indicates a strong demand for shophouses, which has been growing in the past few months, according to Lee. “Investors are drawn to this market segment due to its limited supply and potential for significant capital gains. With the recent interest rate cuts, shophouses are becoming more popular as a means of creating and preserving wealth.” He also anticipates that shophouse transaction volume and quantum will increase in 4Q2024.

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Investing in Singapore Condo comes with numerous factors to consider, one of which is the government’s property cooling measures. The Singaporean government has implemented various measures over the years to discourage speculative buying and promote a steady real estate market. These measures, such as the Additional Buyer’s Stamp Duty (ABSD), impose higher taxes on foreign buyers and those purchasing multiple properties. While these may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, creating a safer investment environment.

When contemplating an investment in a Singapore condo, it is crucial to evaluate its potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yield for condos can vary significantly, depending on factors such as location, condition of the property, and market demand. Typically, areas with high rental demand, such as those near business districts or educational institutions, offer more attractive rental yields. To gain valuable insights into the rental potential of a specific Singapore condo, it is essential to conduct thorough market research and seek advice from experienced real estate agents.

CapitaLand Development (CLD) has received an overwhelmingly positive response for its two latest projects in Vietnam. The preview of Orchard Hill, a 774-unit high-rise development in Binh Duong New City, was held on Oct 26 and has since seen 90% of its units booked. This project is the second phase of CLD’s partnership with United Overseas Australia, which includes a total of 3,500 freehold units in various types of developments.

The most popular units at Orchard Hill are the one- and two-bedders, and the project is expected to be completed by the fourth quarter of 2026. On Nov 9, CLD also hosted an exclusive preview of The Senique Hanoi, a 2,150-unit high-rise residential project in East Hanoi. The response has been similarly strong, with 92% of the units already booked. The Senique Hanoi is a joint venture with Mitsubishi Estate and Nomura Real Estate Development, and is set to be completed in 2027.

This positive reception follows the successful launch of the third and final phase of CLD’s Lumi Hanoi development in October, where 97% of the units released were taken up on launch day. The entire 3,950-unit Lumi Hanoi is now 99% sold.…

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In conclusion, investing in a condominium, or condo, in Singapore provides a plethora of benefits. These include a high demand for these properties, potential for capital appreciation, and attractive rental yields. However, it is crucial to consider various factors before making an investment, such as the location of the condo, financing options, government regulations, and current market conditions. By conducting thorough research and seeking professional guidance, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a secure and profitable investment, condos in Singapore present an enticing opportunity. With the help of condos, investors can reap the benefits and capitalize on the dynamic real estate market in Singapore.

Bukit Sembawang Estates’ phased sales approach for Pollen Collection has proved to be successful in maintaining strong sales progress while also holding firm on their target average selling prices. This strategy, coupled with a limited number of competing projects in recent years, has allowed Pollen Collection to become the top selling landed project in the market and win the Top Selling Landed Project award at the EdgeProp Singapore Excellence Awards 2024.

Pollen Collection, a 132-unit landed housing project in Seletar Hills, is 70% sold to date based on caveats lodged. The project offers 106 intermediate terraced houses, 22 corner terraced houses, and two pairs of semi-detached houses on a 99-year leasehold. It is Bukit Sembawang’s third landed housing project in Seletar Hills, following the successful launch of Nim Collection Phases 1 and 2 in 2018. Both projects were designed by renowned architect Mok Wei Wei of W Architects and have strengthened Bukit Sembawang’s 70-year reputation as a leading developer of landed homes.

When it comes to investing in condos in Singapore, there is another crucial factor to consider – the government’s property cooling measures. In an effort to control speculative buying and maintain a steady real estate market, the Singaporean government has implemented various measures over the years. These measures include the Additional Buyer’s Stamp Duty (ABSD), which requires foreign buyers and those purchasing multiple properties to pay higher taxes. While these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a secure investment environment for condo investors.

Houses at Pollen Collection span five storeys, plus a mezzanine and attic, and have similar features. The ground floor has a double-volume 6m ceiling in the living and dining areas, a wet and dry kitchen, a helper’s room, and a utility area with a backyard. Each house also has five en suite bedrooms and a car porch that can fit up to three cars. A north-south orientation ensures cross-ventilation and minimizes excessive sunlight, while solar panels are installed to offset energy consumption.

Since the launch of the first phase of 20 units in 4Q2022, Pollen Collection has achieved steady sales progress. The most expensive unit sold to date was a corner terraced house on a 2,691 sq ft lot, which fetched $4.88 million ($1,814 psf) in October. The project’s average price based on caveats lodged as at November 5 is $2,123 psf.

As a trusted developer with a track record of building over 5,000 houses in the Seletar Hills, Sembawang Hills, and Luxus Hills estates, and over 2,000 private condos in prime residential districts since the 1950s, Bukit Sembawang’s Pollen Collection is highly sought-after by buyers. With its prime location, modern design, and attractive price points, the project is expected to continue dominating the market for new landed houses.…