Freedo Condo

Lentor Central Residences, a new residential development comprising of 477 units, will be showcased on February 21st and is expected to open for sale on March 8th. This project is the sixth new launch at Lentor Hills and is jointly developed by Hong Leong Holdings, GuocoLand, and CSC Land.

The development will include two high-rise residential blocks – a 27-storey block and a 28-storey block, offering a mix of one to four-bedroom units ranging from 463 sq ft to 1,399 sq ft. Interested buyers can find out more about available units, as well as prices, for Lentor Central Residences.

When investing in Singapore’s real estate market as a foreigner, it is crucial to be aware of the regulations and limitations that pertain to property ownership. In most cases, foreigners have the freedom to purchase condos without strict restrictions, unlike landed properties that have more rigid ownership rules. However, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this additional cost, the steady and promising growth of the Singapore real estate market remains alluring for foreign investors. Considering its stability and potential, condos continue to attract significant foreign investment.

According to the developers, one-bedroom units will start from $975,000 ($2,110 psf), two-bedroom units from $1.38 million ($2,050 psf), three-bedroom units from $1.81 million ($1,984 psf), and four-bedroom units from $2.37 million ($2,000 psf).

The project boasts of various amenities, including a 50-metre Infinity Edge Pool and a 25-metre Lap Pool, at its landscaped decks. Other features include leisure pools, a resident’s clubhouse, a gym, a tennis court, and a children’s playground.

Betsy Chng, the head of sales and marketing at Hong Leong Holdings, highlights the project’s strategic location near Lentor MRT Station and the Thomson-East Coast Line, making it convenient for residents to travel to the city centre. The development also has easy access to retail and dining options at Lentor Modern and Thomson Plaza, as well as eateries along Upper Thomson Road and Springleaf Estate.

“We believe that the new Lentor Hills neighbourhood is on the brink of significant growth and will soon become one of Singapore’s most sought-after districts for homebuyers,” Chng says. “Together with our partners, we are fulfilling a vision of premium homes at an affordable price, where units are sold based on liveable space.”

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Singapore, being a small and densely populated country, is facing a shortage of land for development. This has led to increased demand for condos in the nation. With limited options for land use and strict regulations, the real estate market in Singapore is highly competitive, causing property prices to rise continuously. This has made investing in real estate, particularly condos, a popular choice for potential buyers looking to gain potential capital appreciation. The Condo market in Singapore is thriving due to the scarcity of land and the ever-increasing population, making it a lucrative investment opportunity.

For families with young children, the development offers a childcare centre within the residence, in addition to other family-friendly amenities. Interested buyers can visit the sales gallery, located at Lentor Hills Road, for more information on the project. They can also check out the latest listings for Lentor Central Residences properties on the website.…

Singapore Realtors Inc (SRI) has recently announced that it has entered into a memorandum of understanding (MOU) with Redbrick Mortgage Advisory to further improve the capabilities of its salespersons. This partnership will see Redbrick provide advanced mortgage strategy training for SRI agents, enabling them to better guide homebuyers on financing options.

According to Redbrick CEO Eugene Huang, this collaboration will empower SRI salespersons to become trusted advisors who can provide tailored financing solutions, allowing buyers to make well-informed decisions. On the other hand, SRI CEO Thomas Tan states that with Redbrick’s expertise and access to real-time mortgage data, SRI agents can now efficiently share up-to-date financing options with their clients.

Aside from training, Redbrick will also provide SRI agents with regularly updated mortgage rate information from over 15 financial institutions. This will enable SRI agents to quickly and accurately present financing options to their clients.

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As a thriving economy with a stable political landscape and high standard of living, it is no surprise that many local and foreign investors are choosing to invest in Singapore Projects. And within the country’s real estate market, condos are standing out as a top choice due to their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages of investing in Singapore Projects, important factors to consider, and necessary steps to take when looking to invest in a condo in Singapore. With all the exciting opportunities available in Singapore Projects, it’s no wonder it has become a highly coveted destination for investors, eager to maximize their investments.

Investing in real estate can be a smart move, but location plays a crucial role in determining the potential return on investment. This is especially true in Singapore, a highly sought-after market for real estate. Condos located in central areas or near important amenities like schools, shopping malls, and public transportation hubs are highly desirable and tend to appreciate in value over time. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. Families also look for condos near top schools and educational institutions, making these areas even more desirable and increasing their investment potential. In addition, keeping an eye on new condo launches, such as New Condo Launches, can provide opportunities for even greater returns on investment.

The partnership between SRI and Redbrick is expected to enhance the overall home buying experience for clients by providing them with comprehensive and timely financing information.…

Singapore, a charming city-state, has caught the eye of numerous international investors in recent times, especially in the real estate sector. However, it is crucial for these investors to have a deep understanding of the regulations that govern property ownership in this country. While purchasing a condominium may have fewer barriers compared to buying a landed property, foreigners are still required to pay a 20% Additional Buyer’s Stamp Duty (ABSD) for their first property acquisition. Despite the added expense, Singapore’s dependable and promising real estate market continues to attract foreign investment, making it a highly sought-after choice for potential buyers. Therefore, it is crucial for foreign investors to familiarize themselves with the regulations and carefully assess the potential benefits before investing in properties, particularly in the thriving condominium sector. Condo should also be considered as a viable option for investment in Singapore’s real estate market.

Frasers Property Singapore has offered for sale the retail podium of Sky Eden@Bedok, as part of an expression of interest (EOI) exercise. With a guide price of $45.2 million, this mixed-use development in Bedok presents an attractive investment opportunity.

Investing in a condo also offers the perk of using the property’s value to leverage for future investments. Some investors utilize their condo as collateral to secure extra funding for new ventures, ultimately broadening their real estate portfolio. This tactic can potentially increase profits, but it’s important to have a solid financial plan in place and carefully consider the potential effects of market changes. Additionally, with the wide range of Singapore Projects available, condo investment can open doors to even more opportunities for growth and diversification. However, it’s essential to thoroughly research and assess the risks involved before making any decisions.

The retail podium comprises 12 strata retail units located on the ground floor, with a combined strata area of approximately 11,193 sq ft. This translates to a guide price of $4,038 psf. The units can be purchased individually, as a portfolio, or in smaller clusters, providing flexibility to potential buyers, according to marketing agent CBRE. The unit sizes range from 398 sq ft to 1,313 sq ft, with prices ranging from $1.91 million to $5.55 million. Additionally, all units have been approved for F&B use.

Situated in Bedok Central, Sky Eden@Bedok is currently under construction and has 158 residential units across two 16-storey towers. The development is conveniently located just a few minutes’ walk from the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange, as well as Bedok Mall.

The project was launched in September 2022, marking the first private residential launch in Bedok Town Centre in a decade. With all units being sold out since then, the development is expected to obtain its temporary occupation permit in the fourth quarter of 2025.

According to CBRE’s head of capital markets for Singapore, Michael Tay, the strata retail units at Sky Eden@Bedok are the first private commercial properties to be offered for sale in Bedok Town Centre. He believes that the development’s attractive price point will appeal to a wide range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B businesses looking to enter the tightly held residential enclave.

The expression of interest for the retail podium will close on April 3 at 3pm. For interested parties, the latest listings for Sky Eden@Bedok properties can be found on Ask Buddy, along with 2 bedroom floor plans, the site plan and diagrammatic chart, recent condo sale transactions in District 16, and a list of projects that have recently obtained TOP. Sky Eden@Bedok has a total of 158 units.

In other news, private home prices in the third quarter of 2022 saw a 3.8% increase, largely driven by properties in the Outside Central Region. With no new project launches, developers sold 437 units in August. The popularity of Sky Eden@Bedok is evident as it achieved a 75% sales rate on its launch day, with an average price of $2,100 psf.…

Condo demand in Singapore is consistently growing due to the scarcity of land. With the rapid growth of the country and strict land usage regulations, the real estate market has become highly competitive, resulting in constantly rising property prices. As a result, investing in real estate, particularly in condos, has become a highly attractive opportunity for significant capital appreciation. Condos provide a lucrative investment option for those looking to profit from Singapore’s thriving real estate market.

When contemplating a condo investment, 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 differ significantly based on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. It is essential to conduct thorough market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a particular condo. Singapore Projects can also provide useful information about rental yields in specific areas.

The latest round of the Home Improvement Programme (HIP) will benefit over 29,000 HDB flats, according to a press release from the Housing and Development Board (HDB) on Feb 16. A total of $407 million will be allocated for the upgrading works, which will take place in various estates including Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh, and Woodlands.

The HIP was introduced in 2007 to assist flat owners in addressing common maintenance issues that arise due to wear and tear in older flats. Since then, a total of 494,000 flats – nine out of every ten eligible flats – have been selected for the programme. Close to 381,000 flats have already undergone upgrades, according to Minister for National Development Desmond Lee.

Under the HIP, selected flats will undergo essential improvements such as repairing spalling concrete and ceiling leakages due to wear and tear. These essential improvements are fully funded by the government for Singapore citizen households. Additionally, flat owners can opt for optional improvements like upgrades to existing bathrooms and toilets, a new entrance door and grille gate, and a new refuse chute hopper. The cost of these optional improvements is subsidised by the government, with Singapore citizen households paying as low as 5%.

The Enhancement for Active Seniors (Ease) programme has also been included as part of the HIP since 2012. Under this programme, flat owners can choose to install senior-friendly fittings such as grab bars, ramps, and slip-resistant treatment for toilet and bathroom tiles. Up to 95% of the costs are covered by the government for Singapore citizen households.

In total, the government has allocated approximately $4 billion to the HIP and around $150 million to the Ease programme, as of March 31, 2014, according to HDB. With the latest round of the HIP, the government continues to support the upgrading and improvement of HDB flats for the comfort and safety of its residents.…

There is a strata-titled unit available for sale at Bukit Timah Plaza mall. The property has been approved for restaurant use and is a spacious 3,391 sq ft. The asking price for this unit is $9.8 million, which amounts to $2,890 psf. This reflects a 12% discount from the previous listing price of $11 million in the third quarter of 2022. According to Clemence Lee, CBRE’s executive director of capital markets who is marketing the property, the unit is situated in the mall’s basement two and has a 20m frontage facing the central plaza. It is currently fully leased and will be sold within the existing tenancy agreement. The unit has a 99-year lease from 1976, giving it a remaining lease of 50 years.

Investing in a Condo can offer numerous benefits, one of which is the potential to use its value for future investments. Many investors choose to leverage their Condo as collateral in order to secure funding for other ventures, thus expanding their real estate portfolio. Although this approach may lead to higher returns, it is essential to have a solid financial plan in place and carefully consider how market fluctuations may impact the Condo investment. It is also worth noting that this strategy carries its own set of risks and should be approached with caution. Condo can be a valuable addition to any investment plan, but careful consideration and planning are key to success.

Lee also notes that the pricing is similar to the last two transactions for units in the mall’s basement two. In March 2024, a 441 sq ft unit was sold for $1.43 million ($3,240 psf) and an 850 sq ft unit was sold for $2,5 million ($2,940 psf), based on caveats lodged.

Bukit Timah Plaza is a mixed-use development completed in 1979. It consists of a four-storey retail mall and two apartment blocks with 269 residential units at Sherwood Towers. According to CBRE, the mall is one of the most popular destinations in Bukit Timah, known for housing one of the largest Fairprice Finest supermarkets in Singapore, spanning over 44,000 sq ft.

The mall is conveniently located within walking distance of Beauty World and King Albert Park MRT stations, on the Downtown Line. It is surrounded by many private residential developments, with an estimated population of about 37,000. Additionally, it is in close proximity to several educational institutions such as the Singapore Institute of Technology (SIT), Singapore Institute of Management (SIM), Ngee Ann Polytechnic, Methodist Girls’ School, and Pei Hwa Presbyterian Primary School.

The Beauty World area is currently undergoing a rejuvenation, with many new mixed-use, integrated developments such as The Reserve Residences and the redevelopment of the former Bukit Timah Market and Food Centre, expected to be completed in late 2029.

The unit is being offered for sale by expression of interest on March 19. To view the latest listings for properties at Bukit Timah Plaza and Sherwood Towers, please visit our website.

Obtaining financing is a crucial part of investing in a condo. In Singapore, there are various mortgage choices available, but it is essential to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework limits the amount of loan that a borrower can secure, taking into account their income and current debt obligations. To ensure responsible borrowing and avoid over-extending oneself, it is crucial for investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers before making any financing decisions.…

Choosing the right location is integral when it comes to real estate investments, and this holds particularly true for properties in Singapore. Condominiums that are strategically situated in central areas or in close proximity to important amenities, such as schools, shopping centers, and public transportation hubs, have proven to appreciate significantly in value over time. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) are excellent examples of areas where property values have consistently shown growth. Additionally, condos located near reputable schools and educational institutions are highly sought after by families, making them even more desirable and ultimately increasing their potential for investment. With the constant development and launch of new condos in Singapore, such as those offered by New Condo Launches, investors have even more opportunities to secure properties in prime locations and reap the benefits of their appreciation over time.

A rare opportunity to own a pair of adjoining strata retail units at Peninsula Plaza has come on the market for $10.9 million. Located on the ground floor, these 999-year leasehold units boast a prominent frontage along North Bridge Road.

The first unit offers a strata area of 538 sq ft, while the second unit measures 581 sq ft, bringing the total to 1,119 sq ft. This translates to a price of $9,741 per sq ft based on the strata area. The properties are currently tenanted until 2026, providing investors with a 3% gross rental yield.

“The two units are undoubtedly the most desirable in the development, with excellent street frontage and consistent footfall every day,” says Nick Chan, Associate Director of Investment Sales & Capital Markets at Savills Singapore, who is handling the sale of the units on a private treaty basis.

Peninsula Plaza is a prestigious 999-year, 30-storey mixed-use commercial building. It features a six-storey retail podium and a 24-storey office tower, completed in 1980. The building boasts prominent frontages along North Bridge Road, Coleman Street, and Coleman Lane. Additionally, it provides sheltered access to City Hall MRT Interchange Station for the North-South and East-West lines.

According to Chan, since the URA imposed restrictions on strata subdivision of new commercial properties in the CBD and Orchard corridors in March 2022, the demand for strata-titled units, especially those with 999-year and freehold tenure, has increased significantly.

In August 2022, a 452 sq ft ground-floor retail unit in Peninsula Plaza was sold for $4.08 million ($9,025 psf), according to a lodged caveat. Don’t miss this rare opportunity to own a pair of prime retail units at Peninsula Plaza.

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When it comes to investing in real estate, location plays a crucial role, and this is especially true in Singapore. In the city-state, condos that are situated in central areas or near important amenities, such as schools, shopping malls, and public transportation hubs, tend to appreciate in value more. Prime locations, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values. This is why condos in these areas are highly sought after, especially by families, as they are also in close proximity to good schools and educational institutions. With the addition of Singapore Projects, the investment potential of these condos is further boosted.…

The team at Brand New Land had a goal to bring elements of Good Class Bungalow (GCB) style into the realm of accessible luxury semi-detached homes. To accomplish this, they collaborated with Pau Loh, the managing director of Tellus Design, a renowned name in GCB design with whom they have a 30-year history. Together, they developed a collection of four semi-detached homes in the Bukit Timah and Upper Bukit Timah areas, each incorporating thoughtful elements from the best practices of GCB homes.

Dubbed “The Great Trees Collection”, the semi-detached homes at 23 & 23A Maple Avenue boast an expansive frontage of over 24m. Inspired by the beauty of nature, the homes at 25 & 25A Jalan Selanting and 23 & 23A Maple Avenue are affectionately called “The Great Trees Collection”. With land sizes ranging from 2,790 to 3,130 sq ft, each home features a lift, swimming pool and gourmet kitchen provisions. In line with Brand New Land’s philosophy of creating value for their clients, the homes are priced within the bank valuation range, leaving room for potential upside for the buyers.

In summary, making an investment in a condo in Singapore provides a multitude of benefits. These include a strong demand for properties, potential for appreciation in value, and appealing rental yields. However, it is crucial to carefully evaluate factors such as location, financing options, government regulations, and overall market conditions. By conducting thorough research and seeking professional guidance, individuals can make well-informed decisions and maximize their returns in Singapore’s dynamic real estate industry. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, condos in Singapore offer a compelling opportunity.

GCB Design Elements

The semi-detached homes incorporate distinct zones for different functions, inspired by the design of larger bungalow homes. This includes separate areas for welcoming guests, dining, gourmet cooking, and various entertainment spaces, as well as living zones for larger or smaller groups. The entrance area at 23 Maple Avenue boasts views of the pool and greenery, while 25 Jalan Selanting features private corners for intimate conversations. The view from the second floor of 23 Maple Avenue seamlessly connects with the first floor, maintaining privacy while still allowing for a cohesive living space. The Sky Terrace at 25 Jalan Selanting serves as an entertainment zone with an inspiring view of Bukit Timah Nature Reserve. Co-Founder and Director of Brand New Land Group, Alvina Teh, emphasizes the sense of intimacy and privacy created by these dedicated spaces, allowing family and friends to be at home together while still having their own personal space.

“Ceremonial Entrances”

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When it comes to investing in property in Singapore, it is crucial for foreign investors to have a good grasp of the applicable regulations and restrictions. While purchasing condos is usually more straightforward for foreigners compared to landed properties which have more rigid ownership rules, there is still the Additional Buyer’s Stamp Duty (ABSD) to consider. This currently stands at 20% for first-time property buyers. Despite the added expenses, the Singapore real estate market’s stability and potential for growth continue to entice foreign investments. If you’re interested in investing in Singapore, be sure to check out Singapore Projects.

Client Relations Director of Brand New Land Group, Tatiana Teh, highlights the importance of the experience of coming home and stepping into one’s own space. The homes each feature a “ceremonial entrance” – framed by lush greenery, the soothing sounds and reflection of water, and warm materials on the façade – to celebrate the transition from the outside world into the home. This experience is further enhanced by calming views of natural elements from various parts of the home at 25 Jalan Selanting and 23 Maple Avenue.

Luxe Architecture and Rich Materials

Inspired by Loh’s signature style that has proven successful in GCBs in Singapore’s tropical climate, the homes feature wide overhanging eaves and deep recesses to provide shelter and cool the interiors. Horizontal design elements, such as the wraparound golden sand façade treatment and horizontal planters, give the homes a spacious and luxurious aesthetic. The wraparound golden sand façade treatment at 25 Jalan Selanting beautifully anchors the timber-effect screens, creating an artful play of shadows. The use of natural-inspired cladding elements adds to the homes’ look of quiet luxury, with generous use of rich midnight tones and timber-effect finishes making a statement. Inside, the homes feature luxurious finishes such as rich timber grain, precious marble, and high-quality fittings from Germany.

Collaboration with Arclinea Singapore

To enhance the gourmet kitchen experiences in these homes, Brand New Land has partnered with luxury kitchen specialist Arclinea Singapore. With a shared objective of inspiring everyday connections in extraordinary kitchen spaces, the collaboration adds a special touch to the homes designed for a predominantly GCB clientele. The beautiful kitchens at 25 Jalan Selanting and 23 & 23A Maple Avenue were designed with reference images from Arclinea Singapore, featuring sleek and modern design elements.

“Our vision for this collection is to bring the best GCB design principles into our semi-detached homes,” says Alvina. She expresses gratitude for the opportunity to work alongside Pau Loh, an accomplished and dependable architect who helped bring their vision to life. “We are very excited for the future that these homes will create for the lives they touch.”

To view these homes, call 8893 7602. For more information and updates on upcoming launches, visit www.brandnewland.com.sg or follow them on Instagram, Facebook, YouTube, and LinkedIn. For those interested in working with the group or have land suitable for redevelopment, please email comehome@brandnewland.com.sg.

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With the rapid growth in demand for investments in Singapore’s real estate market, condominiums have become an attractive choice for both local and international investors. This is largely due to the nation’s robust economy, stable political landscape, and exceptional standard of living. As such, Singapore offers a wealth of opportunities for investment, with condominiums emerging as a top option for investors. These properties not only offer convenience and a wide range of amenities, but also have the potential to provide high returns. Therefore, investing in a condo in Singapore can be a wise decision. In this article, we will delve into the advantages, important considerations, and necessary steps to take when selecting a condo for investment in Singapore.

Investing in a Singapore condo presents numerous advantages, one being the potential for capital appreciation. Due to its prime location as a global business hub and thriving economic conditions, Singapore has a consistent demand for real estate. This has resulted in a steady increase in property prices over the years, particularly for condos in highly sought-after areas. Those who enter the market at the right time and hold onto their properties for an extended period can reap the benefits of substantial capital gains.

214 Serangoon Avenue 4, a 99-year leasehold HDB shophouse, will be up for auction on Feb 26 by SRI. With a total floor area of about 1,668 sq ft, this two-storey shophouse also comes with living quarters on the second floor. The guide price for this property is $1.98 million, which translates to $1,187 psf on the floor area.

This is the second time the property will appear in SRI’s auction as it was listed last month with a higher guide price of $2.08 million, but did not attract any buyers. According to Jansen Kee, the assistant manager of auctions at SRI, the shophouse is well-located in front of a bus stop, giving it high visibility from the road.

The shophouse is currently tenanted, generating a gross rental yield of approximately 6.2% based on the guide price. Kee also points out that the property will be sold with its existing lease, which ends in 2026, providing the new owner with immediate rental income. The listed guide price for the HDB shophouse is one of the lowest for this asset class in the area, making it an attractive value proposition for both investors and owner-occupiers.

According to URA records, the most recent commercial shophouse transaction in Serangoon was the sale of a 999-year leasehold shophouse along Lichfield Road, which fetched $4 million ($1,725 psf) in November 2024. The property up for auction is located within a cluster of HDB flats that border the Serangoon Gardens landed residential estate. It sits directly across the road from Serangoon Swimming Complex and Serangoon Sports Centre, providing a steady stream of foot traffic. Carpark lots are also available behind the shophouse.

Potential buyers can check out the latest listings for Serangoon Gardens properties and compare price trends for new and resale condos in the area. They can also find out the rental yield and completion year for Serangoon Gardens properties, as well as the buyer profile for this highly sought-after estate.…

A luxurious four-bedroom duplex apartment at the highly sought-after freehold condo 3 Orchard By-The-Park has recently been put up for sale through an expression of interest exercise (EOI). The unit, which boasts a spacious 3,800 sq ft layout, is listed with a guide price of $15.8 million.

Singapore is known for its impressive urban scenery, characterized by towering skyscrapers and state-of-the-art facilities. Among these, condos reign supreme as the preferred choice for both locals and foreigners alike. Located in highly sought-after areas, these residential complexes offer a perfect combination of luxury and convenience. Complete with top-notch amenities such as swimming pools, gyms, and round-the-clock security services, they provide a high-quality lifestyle that attracts potential tenants and buyers. For investors, these desirable features result in higher rental returns and steady appreciation of property values over time. To experience the best of Singapore’s condo living, check out Singapore Condo.

Ultimately, purchasing a Condo in Singapore presents an array of benefits that make it a desirable investment opportunity. These include the high demand for properties, the potential for significant appreciation in value, and appealing rental yields. However, before diving into such a venture, it is crucial to carefully consider various factors, such as location, financing options, government regulations, and current market conditions. By conducting thorough research and seeking professional advice, potential investors can make well-informed decisions and maximize their returns in this dynamic real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment opportunity, Condos in Singapore offer a compelling option to consider. Don’t hesitate to explore further and discover the potential that lies within this Condo investment.

Represented by Huttons Asia, the unit offers an attractive price of approximately $4,158 psf. The lavish unit features a towering ceiling height of 4m and a private lift, while three of the four bedrooms boast ensuite bathrooms. The unit has undergone a significant renovation three years ago, with a whopping $700,000 invested into the revamp, as shared by Huttons.

Developed in 2017, the prestigious 3 Orchard By-The-Park is designed by acclaimed Italian architect Antonia Citterio. The modern and elegant condo comprises three 25-storey towers, featuring a total of 77 units. These range from two- to four-bedroom units, sized from 1,066 sq ft up to 3,800 sq ft. For those seeking a more opulent living experience, there are also penthouses available, ranging from 6,555 sq ft to 6,900 sq ft.

Situated along Orchard Boulevard, the development enjoys close proximity to Orchard Road’s renowned shopping district. The area is also home to prestigious schools such as Anglo-Chinese School (Junior), Anglo-Chinese School (Primary), ISS International School (Elementary & Middle school Campus), and Singapore Chinese Girls’ School (Primary). The Orchard Boulevard MRT Station (Thomson-East Coast Line) is within walking distance as well.

For those interested in acquiring this luxurious duplex apartment, the EOI exercise will close on March 5 at 4pm. For more attractive listings at 3 Orchard By-The-Park, visit EdgeProp’s website. Or, check out the price trend chart for 3 Orchard By-The-Park, compare the price trend of new sale condos with resale condos, and find out the rental yield for 3 Orchard By-The-Park. You can also discover the top 10 most expensive condos in District 10.

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The shophouse market has proved to be relatively quiet in 2024, recording only 84 transactions with caveats according to Huttons Asia. This number remains lower than the average of 200 deals per year between 1995 and 2023, as stated in their latest quarterly research report on the shophouse market.

Senior Director of Data Analytics at Huttons Asia, Lee Sze Teck, notes that although some buyers may not have lodged caveats, the number of shophouse deals in 2024 is likely the lowest since 1998. The total value of the 84 transactions was $683.6 million, a 38.9% decrease from the $1.1 billion recorded in the previous year.

However, Lee also mentions that the transactions that were not caveated last year include several significant deals for properties on Amoy Street, Neil Road, North Bridge Road and Telok Ayer Street, which he believes were sold for more than $200 million.

In June 2024, the biggest shophouse deal was the divestment of The Rail Mall by Paragon REIT for $78.5 million. This strip mall on Upper Bukit Timah Road consists of 43 shop units, and Lee comments that it is likely the largest shophouse deal on record, surpassing the previous high of $74.8 million paid for a row of shophouses along Jalan Sultan in March 2022.

The Rail Mall shophouses were valued at $62 million as of December 2023, indicating an estimated gain of $16.5 million for the seller. However, most of the shophouse deals in 2024 were smaller in quantum, with over half of the caveated deals valued between $5 million to $15 million.

Moreover, nearly half of the shophouse transactions in 2024 took place in District 8, which Lee attributes to its desirable location near the city-fringe and lower prices compared to Districts 1 and 2.

When purchasing a condo, it is crucial to consider the maintenance and management of the property. Condominiums typically come with a maintenance fee, which covers the upkeep of communal areas and amenities. While this may increase the overall cost of owning a condo, it also ensures the property remains well-maintained and holds its value. Hiring a professional property management company can assist investors in handling the day-to-day management of their condo, making it a more passive and hassle-free investment.

In the meantime, shophouse rents nationwide have declined for the second quarter in a row, dropping 2.6% quarter-on-quarter to $6.47 psf per month in 4Q2024. However, for the entirety of 2024, shophouse rents remained up by 1.7%.

Investing in a condo has its perks, and one of them is the potential to leverage the property’s value for more investments. Plenty of investors utilize their condominiums as collateral to secure additional financing for new ventures, effectively growing their real estate portfolio. This tactic can greatly increase returns, but it’s also important to take into account the potential risks involved. A solid financial plan is crucial, and one must carefully consider the potential consequences of market fluctuations. If you’re interested in taking advantage of this opportunity, consider investing in a Singapore Condo for even more potential growth.

Furthermore, conservation shophouses on Telok Ayer Street have been put up for sale at $42 million, attracting potential buyers who are interested in these well-maintained historical properties.…