Condo Format Dynamics

Casa Fidelio, a landed development located at Fidelio Street in District 15, is set to go en bloc sale on March 20. The reserve price for the site is $24 million, which translates to a land rate of $1,388 psf. According to PropNex Realty, the marketing agent for the site, this is the first attempt at an en bloc sale by the owners of Casa Fidelio.

Built in 1990, Casa Fidelio comprises of seven strata-titled cluster terraces and sits on a land area of approximately 17,293 sq ft. The land is zoned for residential use and designated for two-storey mixed-landed housing.

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

With the expected completion of Kembangan Wave, an integrated public housing project next to Kembangan MRT Station, more amenities will be available, including a community club with an eating house, supermarket, and outpatient healthcare facility.

Schools in the vicinity include Opera Estate Primary School, St Stephen’s School, and Victoria School.

According to PropNex, the site can be redeveloped into luxury cluster houses, landed terraces or a standalone property. The regular shape and ample size of the site provide developers with flexibility in designing a project that is both functional and visually appealing. It is well-positioned for a transformation into a modern residential development that caters to the demand for landed homes in the East Coast area, says Laurence Wong, PropNex’s head of collective sales.

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

PropNex also highlights that in 2024, only two freehold landed homes on Fidelio Street were transacted: A terrace house with a land area of 3,423 sq ft that sold for $9 million ($2,629 psf) and a semi-detached house on 2,035 sq ft of land that fetched $5.38 million ($2,643 psf). The agency adds that a corner terrace on Jalan Bangsawan, off Swan Lake Avenue, was transacted at $3,541 psf in December 2024, which is less than 400m away from Casa Fidelio.

The tender for Casa Fidelio will close on April 22 at 3pm. Interested buyers can enquire about the latest listings of Casa Fidelio properties.

One crucial factor to keep in mind when considering a condo investment in Singapore is the government’s property cooling measures. In the past, the Singaporean government has implemented several measures to control speculative buying and maintain a steady real estate market. These efforts include the implementation of the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreigners and individuals purchasing multiple properties. While these measures may affect the initial profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment. Additionally, Singapore Projects offer great potential for investors seeking to diversify their portfolio in this regulated market.…

on the Reserve List

When it comes to investing in real estate, location is key, and this is particularly true in Singapore. In this country, condos located in central regions or close to important conveniences, such as schools, shopping centers, and public transportation hubs, have a higher chance of appreciating in value. Prime areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown a rise in property prices. Additionally, the accessibility to top-notch educational institutions makes condos in these areas highly sought after by families, making them a wise investment option. As seen with Singapore Projects, investing in condos in these prime locations can lead to lucrative returns.

Eight bids submitted for first private housing GLS site in Bayshore precinct, top bid by SingHaiyi-GarnetThe first private housing Government Land Sale (GLS) site at the upcoming Bayshore precinct has drawn strong interest, with eight bids submitted before the tender closed on March 18. The 99-year leasehold site, located on Bayshore Road next to the Bayshore MRT Station, spans 112,992 square feet and can yield about 515 units.SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings, submitted the top bid of $658.89 million. This translates to a land rate of $1,388 per square foot per plot ratio (ppr). SingHaiyi’s bid is only 0.82% higher than the second-highest bid of $653.53 million ($1,377 ppr) from Sing Holdings. City Developments had the third-highest bid of $620.8 million ($1,308 ppr), approximately 5.3% below Sing Holdings’ bid.According to Justin Quek, CEO of OrangeTee & Tie, the highest bid prices submitted exceeded initial expectations, suggesting strong confidence in the site’s potential. Mark Yip, CEO of Huttons Asia, notes that the number of bids received is the highest since January 2022 when a Jalan Tembusu plot (now the site of Tembusu Grand) also received eight bids. He believes that developers may have held back from bidding for other GLS plots to pursue the Bayshore site. Yip adds that ongoing strong sales have increased the need for developers to replenish their land bank.Other bidders for the Bayshore Road site include a Frasers Property-led consortium, Kingsford Development, and a Hoi Hup Realty-Sunway Developments joint venture. Bids ranged from $1,252 ppr to $1,285 ppr. The two lowest bids came from a consortium comprising Hong Leong Holdings, TID, and CSC Land Group at $500.68 million ($1,055 ppr), followed by Sim Lian Group at $485 million ($1,022 ppr).Marcus Chu, CEO of ERA Singapore, notes that the 36% gap between the lowest and highest bids received for the Bayshore Road site reflects mixed market sentiments among bidders. Chu also highlights that SingHaiyi’s bid of $1,388 ppr sets a new benchmark for Outside Central Region (OCR) land prices, surpassing the previous threshold of $1,250 ppr for the site of the recently-launched Elta, located at Clementi Avenue 1.Wong Siew Ying, PropNex’s head of research and content, adds that the new OCR benchmark compares favourably with some GLS plots’ land rates in the Core Central Region. Zion Road Parcels A and B in the Rest of Central Region were awarded at $1,202 ppr and $1,304 ppr last year, while the Holland Drive and River Valley Green (Parcel A) sites in the Core Central Region sold for $1,285 ppr and $1,325 ppr, respectively.The future project at the Bayshore Road site will be the first private residential development in the new Bayshore precinct, a 60-ha estate located between East Coast Parkway (ECP) and Upper East Coast Road. About 10,000 homes have been earmarked for Bayshore, with 30% designated for private housing, according to Leonard Tay, Knight Frank’s head of research, while Wong observes that there haven’t been any significant private condo launches in the Bayshore area for decades. Existing developments in the vicinity include The Bayshore, launched in the 1990s, and Costa Del Sol, which hit the market in 2000.Wong says that there could be pent-up demand for new private housing in the area, including from HDB upgraders in the nearby Marine Parade and Bedok estates. She expects similar positive sales momentum in the primary market and healthy home buying interest for the future Bayshore project, with prices at the upcoming project starting from $2,700 and averaging over $2,800 per square foot. Tay concurs and predicts that prices could start from $2,700 psf and average above $2,800 psf.…

Private home sales maintain strong momentum in February, with developers selling 1,575 units

The recent launches of new private homes have continued to drive strong sales momentum in the month of February, according to data released by URA on March 17. The figure of 1,575 private residential units, excluding executive condominiums (ECs), marks a 45.4% increase from January’s sales of 1,083 units.

Compared to the same period last year, February’s sales were over 10 times higher than the 153 units sold in February 2024. This is also the highest February sales figure for developers in the last 13 years since 2,417 units were sold in February 2012, says Tricia Song, CBRE’s head of research for Singapore and Southeast Asia. Including ECs, the total number of new homes sold in February was 1,604 units, up 45.3% from January.

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

The strong performance in February can be attributed to the launch of two major projects in the Outside Central Region (OCR): The 1,193-unit ParkTown Residence in Tampines North and the 501-unit Elta on Clementi Avenue 1. The former sold 1,041 units last month at a median price of $2,363 per square foot (psf), making it the best-selling project for the month, while the latter sold 326 units at a median price of $2,538 psf. Both these suburban projects have not seen any supply in the past five years, contributing to their robust performances, according to CBRE’s Song.

Including these two projects, developers launched a total of 1,694 units for sale in February, an 89% increase from the 896 units launched the month before. The majority of sales in the OCR made up 92% of the total new private homes sold in February, which is the best monthly showing for the OCR in over nine years, since 1,523 units were sold in July 2015, says Wong Siew Ying, PropNex Realty’s head of research and content.

The Rest of Central Region (RCR) accounted for 98 units, or 6.2% of the total units sold in February. The top-selling RCR project was the existing launch Pinetree Hill, which sold 22 units at a median price of $2,613 psf. The Core Central Region (CCR) had the smallest sales figure of 25 units, representing 1.6% of the total units sold. The best-selling CCR project was 19 Nassim, which sold five units at a median price of $3,372 psf. Four units were also sold at One Bernam at a median price of $2,651 psf. This 351-unit project, launched for sale in May 2021, is now fully sold.

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

A record number of suburban homes also sold for over $2 million in February, with a total of 603 units sold in the OCR. This is the highest number of new suburban homes sold at this price range in a single month since URA data first became available in 1995. “The previous record was in November 2024, with 512 new homes in the OCR sold for at least $2 million,” adds Christine Sun, chief researcher and strategist at OrangeTee Group. Of these 603 OCR homes, a majority of 596 were non-landed homes, comprising mostly of units from ParkTown Residence (397 units), Elta (145 units), and Hillock Green (16 units).

The average unit prices of recent launches have “decoupled from the sub-market where these projects are located”, observes PropNex’s Wong. In the past, property prices generally followed a pecking order led by the CCR, followed by the RCR and then the OCR. However, recent launches suggest this may no longer always be the case. For instance, The Collective at One Sophia, a CCR project launched in November, has sold 73 units at an average price of $2,743 psf, based on URA data until the end of February. This is lower than the average transacted price of units sold at Union Square Residences ($3,175 psf) in the RCR and only slightly higher than that of The Orie ($2,734 psf), also in the RCR.

Meanwhile, recent OCR launches such as Chuan Park, Elta, and Bagnall Haus have registered average unit prices of $2,589 psf, $2,544 psf, and $2,489 psf, respectively. These prices have surpassed those of RCR project Nava Grove, which logged an average unit price of $2,460 psf. Wong believes that the narrowing price gaps between regions could be due to various factors, including site-specific attributes of projects, amenity-driven pricing, demand by HDB upgraders, and the location of certain projects on the cusp of the CCR.

Wong predicts that prices could further converge in the coming months as new RCR projects, located just off the CCR, come to the market, such as One Marina Gardens in Marina South and future developments on Zion Road residential sites.

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

Investors should carefully consider the maintenance and management of a condominium before making a real estate investment. Condos usually have maintenance fees that encompass the maintenance of shared spaces and amenities. While these fees may increase the overall cost of owning a condo, they also guarantee the property’s upkeep and retention of its value. With the help of a property management company, investors can effectively manage their condos on a day-to-day basis, making it a more hands-off investment. Additionally, keeping an eye out for new condo launches can provide exciting opportunities for investment in the future.

Huttons’ Lee estimates that developers’ sales (excluding ECs) will exceed 3,200 units for the first quarter of the year, making it the highest first-quarter sales figure since 2021. Going into the second quarter, new launches lined up include the 358-unit Bloomsbury Residences, the 937-unit One Marina Gardens, the 638-unit W Residences Singapore – Marina View, and the 107-unit Arina East Residences. However, despite the strong momentum established at the start of the year, not all projects launched in the coming months may perform equally well, notes Knight Frank’s Tay. “Homebuyer demand will largely be dependent on the specific location and property attributes of each specific new project launch, with some projects doing better than others,” he says.…

In recent years, there has been a surge in demand for the lifestyle, with a diverse mix of individuals from different backgrounds showing interest. The popularity of these residential units can be credited to their numerous benefits, such as convenience, security, and access to a wide range of amenities. More intriguingly, this trend is not limited to a specific location or demographic; can now be found in urban, suburban, and even rural areas, catering to a diverse range of needs. One of the most enticing aspects of living is the opportunity to own a property with minimal responsibilities and maintenance, unlike a conventional house. Moreover, many come with on-site facilities like fitness centers, pools, and communal spaces, making them an ideal choice for those seeking a luxurious and low-maintenance lifestyle. It’s no surprise that have become a highly sought-after option for modern living, thanks to their attractive perks. Add Condo to rewritten paragraph

SLA has recently put up a collection of twenty charming heritage bungalows in Sembawang for tender. These properties, built in the 1920s and 1930s, boast a beautiful black-and-white colonial-style architecture and are situated on Admiralty Road East, Falkland Road, Auckland Road West, and Fiji Road. The land, which spans approximately 245,300 square feet, offers an estimated total gross floor area of 94,945 square feet.

Interested parties can bid for a five-year lease, with an option to extend for another four years. The properties are zoned for serviced apartment use, with the flexibility to accommodate multi-generational and senior co-living concepts. They can also be utilized for F&B and retail purposes, as long as the gross floor area does not exceed 9,580 square feet. The minimum stay for a serviced apartment is one week.

In a bid to encourage creative and quality proposals, the tender will be evaluated based on a price-quality basis. Those interested in submitting a bid must do so by June 11 at 11am. The winning bid will be announced in October.

In other news, the SLA has also been exploring the adaptive reuse of state properties, transforming them into co-living spaces, pop-up event venues, and social impact hubs. This initiative aims to revitalize and repurpose unused properties, bringing new life and vibrancy to the community. Additionally, the SLA plans to replace the traditional paper-based property conveyancing process with a digital portal by 2026. This move is expected to streamline and modernize the process, making it more efficient and convenient for all parties involved.

Colin Low, the CEO of SLA, has also announced that he will be stepping down from his role to join the public service sector. He has been at the helm of SLA since 2013 and has spearheaded various initiatives aimed at improving the management and utilization of state properties. Low’s successor is yet to be announced.…

CapitaLand Integrated Commercial Trust (CICT) has announced significant changes to its board with the appointment of Tan Choon Siang as CEO and the reallocation of current CEO Tony Tan as CCO of CapitaLand Development, according to a bourse filing on March 17.On May 1, 2025, Tan Choon Siang, who serves as the current deputy CEO, will officially become CEO and executive non-independent director of the company. As part of the changes, he will also be appointed as a member of the executive committee (EC).Meanwhile, current CEO Tony Tan will no longer hold the role of executive non-independent director of the company and will step down from his role on the executive committee. He will subsequently serve as chief corporate officer of CapitaLand Development, a subsidiary of the larger CapitaLand conglomerate. Tan has been CEO and executive director of CICT since 2017.Read also: CapitaLand Integrated Commercial Trust sells 21 Collyer Quay for $688 mil Under Tony Tan’s leadership, CICT oversaw the successful merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020. This merger resulted in the creation of CICT, Singapore’s largest listed REIT with a market capitalization of $15.5 billion.The incoming CEO Tan brings a wealth of experience to the role, having previously served as the manager of CapitaLand Malaysia Trust since 2022 and as the chief financial officer of the manager of CapitaLand India Trust. Before joining CICT, Tan was also the Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2019.

Rewritten:
Investing in a condo also offers the advantage of utilizing its value as leverage for future investments. Numerous investors opt to use their condos as collateral in order to secure further financing for additional investments, which allows them to further expand their real estate portfolio. While this approach can potentially increase returns, it also carries certain risks, making it essential to have a solid financial strategy and carefully consider the potential effects of market fluctuations. Incorporating Condo into the rewritten paragraph emphasizes the focus on this particular type of property investment.…

, sets aside $1.5 bil to invest in Asia-Pacific Window of opportunityKeppel REIT reports 27.2% jump in 1Q2024 DPU to 1.57 centsBarbara Kwa, Edited By –

Keppel, a global asset manager and operator, is shifting its focus to other brownfield redevelopment projects after the completion of Keppel South Central, according to Samuel Ng, the president of Keppel’s real estate division in Singapore. Ng says, “The redevelopment of Keppel South Central is our flagship project.” He is referring to the former Keppel Towers, a 27-storey office tower completed in 1991, and Keppel Towers 2 (formerly known as GE Tower), a 13-storey building completed in 1993.

Last month, Keppel announced the completion of the 33-storey Keppel South Central commercial tower, located along Hoe Chiang Road in Tanjong Pagar. The building offers approximately 650,000 sq ft of office, retail, and event space, with office floor plates ranging between 20,000 and 22,000 sq ft. Ng adds that nearly 50% of the tower’s commercial space is either leased or in active negotiations, with a leading financial services group secured as the first anchor tenant.

The tower has been renovated to include technological improvements, such as facial recognition access, 5G Wi-Fi, and an indoor air-quality management system, bringing it up to par with other Grade-A office buildings in the Central Business District (CBD). Ng notes that the office space was also adapted to support the needs of modern tenants, with designated floors equipped with micro air conditioning units for localised cooling and a mobile application for tenants to connect with building management and provide feedback.

Keppel South Central has been certified by the Building and Construction Authority (BCA) as a Green Mark Platinum Super Low Energy building, with estimated annual energy savings of 6.2 million kilowatt hours, equivalent to the power consumption of 1,300 homes in Singapore. To achieve this, Keppel incorporated several green solutions they had tested at another ageing property, Keppel Bay Tower, making it Singapore’s first zero-energy commercial building in 2020.

Keppel is now looking to replicate the success of Keppel South Central and Keppel Bay Tower across the region as part of its Sustainable Urban Renewal (SUR) strategy, targeting properties across the commercial, living, life sciences, hospitality, and logistics segments in Asia Pacific. This includes eight completed projects in five countries, with three more on the way.

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The demand for condos in Singapore remains high for a variety of reasons, one being the limited land availability. As a tiny island nation with a rapidly increasing population, Singapore grapples with the issue of scarce land for development. This has led to rigorous land use rules and a highly competitive real estate market, where property values continue to climb. Consequently, investing in real estate, specifically in Singapore’s condominium developments, has become a desirable option for potential capital growth. With a plethora of Singapore Projects to choose from, the market is ripe for potential investors.

To fund the redevelopment of brownfield projects, Keppel has announced the first close of its flagship Keppel Sustainable Urban Renewal Fund (KSURF), with total funds under management of over $2.3 billion. Ng notes that Keppel’s in-house capability to execute the renewal works themselves helps them stand out from other asset managers, streamlining the process of selecting new technologies to implement and saving on capital expenditure.…

A beautiful 99-year leasehold semi-detached house will be going up for auction at the next SRI auction on March 15. Located on Kew Heights in District 16, this three-storey property sits on a 3,034 sq ft corner plot and has a guide price of $3.65 million. With a land rate of $1,203 psf, this is a great opportunity for potential buyers.

This is a mortgagee sale and will be the first time this property has been offered for auction. The house will be sold with vacant possession, providing buyers with a clean slate to make it their own.

The property boasts a spacious floor area of 4,436 sq ft spread out over three floors. The ground level features a living hall with a double-volume ceiling, a dining area, a kitchen, and a helper’s room. The upper two levels are comprised of six bedrooms, a family area, and a storeroom. There is also a car porch and backyard area included.

According to Mok Sze Sze, managing partner of auctions and sales at SRI, buyers may have the opportunity to convert some of the open areas into additional bedrooms, making this property perfect for extended or multi-generational families. The guide price of $1,203 psf is also one of the lowest in the area, making it a great investment opportunity. Records show that the property was last sold in November 2021 for $3.19 million ($1,051 psf).

The demand for condominiums in Singapore has been soaring due to various factors, one of which is the limited availability of land. As a small but densely populated island nation, Singapore is faced with a scarcity of land for development. To address this issue, the government has implemented strict land use policies, resulting in a competitive real estate market where property prices continue to rise. As a result, investing in real estate, particularly in condos, has become a highly profitable venture with the potential for significant capital appreciation. In fact, with the increasing number of Singapore projects being developed, the demand for condos is only expected to rise further in the future.

In the past year, two other 99-year leasehold properties in the Kew Vale estate have been sold. The most recent sale was a three-storey semi-detached house on Kew Heights for $3.35 million in February, with a land area of 2,396 sq ft and a land rate of $1,398 psf. The other transaction was a three-storey terraced house on Kew Drive, which sold for $3.26 million ($1,417 psf) in January.

Prices of 99-year leasehold semi-detached houses in the Kew Vale estate have been on the rise. According to URA Realis, the average land rate for seven transactions between 2023 and 2024 was $1,213 psf, up from $1,002 psf for seven transactions between 2021 and 2022.

The location of this property is also highly desirable, with easy access to major expressways like the East Coast Parkway (ECP) via Bayshore Road. It will also be conveniently served by the upcoming Bedok South MRT Station on the Thompson-East Coast Line, which is expected to open in 2H2026.

There are also several schools in the vicinity of the property, such as Temasek Primary and Secondary Schools, Bedok South Secondary, and Bedok View Secondary. This makes it an ideal location for families with school-going children.

For interested buyers, SRI offers a handy feature on their website called “Ask Buddy”, where you can check out the latest listings for properties in Kew Vale, view sale transactions for the estate, compare price trends, and more. Don’t miss out on this opportunity to own a beautiful property in an excellent location.…

One of the biggest successes in the resale property market is the sale of a penthouse at The Trizon, a 289-unit condo situated along Ridgewood Close. This transaction, which took place from February 25 to March 4, is the most profitable resale deal during that week. The unit, located on the 23rd floor and spanning 5,737 sq ft, was sold for an impressive $9.76 million ($1,701 psf) on February 27. This translates to a whopping profit of $3.2 million (49%) for the seller, who originally purchased the unit for $6.55 million ($1,142 psf) back in March 2016. This remarkable difference in price also amounts to an annualised gain of 4.5% over the course of nine years.

This sale also ranks as the second most profitable transaction at The Trizon to date, following closely behind the record set two years ago. In August 2023, a penthouse measuring 7,083 sq ft was sold for $11 million ($1,553 psf), earning the seller a handsome profit of $3.9 million (55%). This translates to an annualised gain of 12% over a period of nearly four years. The unit was originally purchased for $7.1 million ($1,002 psf) in November 2019.

The Trizon, a freehold development located in prime District 10, is situated near the prestigious Mount Sinai landed enclave, as well as the private residential estates of Pandan Valley and Pine Grove. Other nearby private residential projects include Pandan Valley and two newer 99-year leasehold developments, Pinetree Hill (520 units) and Nava Grove (552 units).

The Trizon offers a range of two- to five-bedroom units, with typical sizes ranging from 1,012 sq ft to 5,102 sq ft, while penthouses measure between 5,328 sq ft and 7,083 sq ft. Based on a tabulation of resale caveats by EdgeProp Singapore, the average resale price at The Trizon stands at approximately $2,017 psf. In comparison, nearby Pandan Valley commands an average price of $1,449 psf, while the 999-year leasehold Ridgewood condo, with 425 condo units and 38 landed units, has an average price of $1,728 psf.

Located in the vibrant city of Singapore, the bustling urban landscape is adorned with towering skyscrapers and cutting-edge facilities. Within this dynamic city, one can find luxurious condominiums strategically positioned in desirable areas, offering a perfect blend of lavishness and practicality. These sought-after properties boast an impressive range of state-of-the-art amenities, such as swimming pools, fitness centers, and around-the-clock security, elevating the standard of living for potential buyers and renters. Additionally, this attractive combination also presents a lucrative opportunity for investors, with the potential for high rental returns and steady appreciation of the property’s value in the long term. Condo is indeed a highly desirable choice in the bustling city of Singapore.

Meanwhile, Pinetree Hill, which was launched for sale in July 2023, has seen units sold this year at an average price of $2,550 psf, compared to an average of $2,458 psf from its launch to the end of 2024, based on lodged caveats. The project, which offers 520 units in total, has achieved a 78% sales rate so far. Similarly, the 552-unit Nava Grove, which was launched in November last year, has seen 75% of its units sold at an average selling price of $2,460 psf.

Aside from The Trizon, a 1,442 sq ft unit at Haig Court also made headlines during the same week, when it was sold for $2.84 million ($1,968 psf) on February 27. Prior to this, the unit was purchased for just $798,868 ($554 psf) back in 2005, making this a profitable transaction of $2.04 million (255%) for the seller. This translates to an annualised gain of 6.8% over 19 years. Haig Court, a freehold development with 360 units, is situated on Haig Road in District 15.

Haig Court is centrally located in Marine Parade, near shopping malls such as Katong Shopping Centre, Roxy Square and I12 Katong. It is also in close proximity to prestigious schools such as Chung Cheng High School, Tanjong Katong Girls’ School, Tanjong Katong Secondary School and the Tanjong Katong campus of the Canadian International School. The condo is also located near two newer 99-year leasehold private residential projects, Emerald of Katong (846 units) and Tembusu Grand (638 units). Other new projects in the vicinity include The Continuum (816 units), a freehold development on Thiam Siew Avenue, and Grand Dunman (1,008 units), a 99-year leasehold project on Dunman Road.

In 2020, Haig Court recorded a total of eight resale transactions, with prices ranging from $1.85 million ($1,719 psf) for a 1,076 sq ft two-bedroom unit sold on January 16, to $3.45 million ($2,226 psf) for a 1,550 sq ft four-bedroom unit sold on December 19. This resulted in profits ranging from $450,000 to $2.06 million for the sellers.

This year, there have been two resale transactions at Haig Court so far. In another sale earlier this year, a 1,453 sq ft unit was sold for $3.02 million ($2,078 psf) on January 17, earning the seller a profit of $2.13 million.

On the other hand, the most unprofitable resale transaction during the week took place at Orchard Scotts, where a 2,228 sq ft unit was sold for $3.78 million ($1,696 psf) on February 25. The unit was originally purchased for a higher price of $4.35 million ($1,955 psf) in 2010, resulting in a loss of $576,000 (13%) for the seller. This translates to an annualised loss of 1% over a period of nearly 15 years. According to a compilation of resale caveats by Orchard Scotts, resale prices at the condo have been declining in recent years. In March 2010, units were typically going for around $2,061 psf, which dropped to $1,747 psf by March 2020. However, there has been a slight increase in average resale prices recently, standing at around $1,760 psf last month.

Orchard Scotts, a 99-year leasehold condo located on Anthony Road in prime District 9, was completed in 2008 and offers a mix of two- to five-bedroom units ranging from 936 sq ft to 4,435 sq ft.…

The Esta, a freehold development, continues to make headlines as one of its two-bedroom units topped the list of private condos with a new psf-price high from Feb 21 to 28. The unit, measuring 1,001 sq ft, was sold for $2.38 million on Feb 26, setting a new record of $2,377 psf.

This sale surpassed the previous record at the development, which was set in January last year when a 1,346 sq ft three-bedroom unit on the 13th floor was sold for around $3.2 million, or $2,317 psf. The sellers of the seventh-floor unit had bought it in March 2021 for about $1.83 million, or $1,833 psf, making a profit of around $545,000.

The average resale price of units at The Esta has been steadily increasing over the past three years. In 2022, the project recorded 10 transactions with an average psf-price of $2,012. The following year, the average price climbed to $2,156 across nine resale transactions. Last year, another nine units were resold at an average price of $2,248 psf, reflecting an 11.7% increase in average resale prices since 2022.

The most expensive unit sold at The Esta by absolute price was a 3,477 sq ft, five-bedroom apartment on the 21st floor, which was sold for $6.25 million, or $1,798 psf, in October 2021.

Situated along Amber Gardens, The Esta is a freehold development comprising 400 units spread across five residential blocks. Completed in 2008, it offers a range of two- to four-bedroom apartments, ranging from 1,001 sq ft to 1,711 sq ft, as well as penthouses measuring 2,368 sq ft to 3,477 sq ft. Its convenient location within walking distance to Tanjong Katong MRT Station on the Thomson-East Coast Line and proximity to lifestyle hubs such as Katong Shopping Centre and Katong V make it a popular choice among buyers.

In second place for new psf-price highs during the review period is the 99-year leasehold condo D’Leedon, which set a new record of $2,287 psf on Feb 25 when a 1,421 sq ft, three-bedroom unit on the 29th floor was sold for $3.25 million. This sale slightly surpassed the previous record of $2,180 psf set by the sale of a 2,110 sq ft, four-bedroom unit for $4.6 million in October last year. Since the start of the year, 11 units have been sold at D’Leedon, with an average price of $2,065 psf. The lowest psf-price recorded this year was for a 743 sq ft, one-bedroom apartment on the 10th floor, which sold for $1.41 million, or $1,898 psf, on Feb 13.

Located along Leedon Heights, the District 10 development was completed in 2014 and comprises 1,703 units ranging from one- to four-bedrooms, measuring 592 sq ft to 6,534 sq ft. It is conveniently located within walking distance to Farrer Road MRT Station on the Circle Line, and close to Empress Road Market and Food Centre.

Rounding out the top three is Citylights, which saw a new psf-price high on Feb 27 when an 893 sq ft, two-bedroom unit on the 26th floor was sold for $1.98 million, or $2,216 psf. This surpassed the previous record of $2,122 psf, set in December last year when an 872 sq ft, two-bedroom unit on the 16th floor was sold for $1.85 million. The sellers of the 26th-floor unit had purchased it for about $1.44 million, or $1,610 psf, in April 2019, making a profit of around $542,000.

Citylights, a 600-unit, 99-year leasehold development situated along Jellicoe Road in Kallang, District 8, was completed in 2007. It offers a range of one- to four-bedroom units measuring 560 sq ft to 3,875 sq ft. Its convenient location just a one-minute walk from Lavender MRT Station, and close to dining and retail options such as Aperia Mall and Kitchener Complex, have made it a popular choice among buyers.

Known for its impressive skyline and modern infrastructure, Singapore is a bustling metropolis that offers a unique blend of luxury and convenience. The city is home to high-end residential developments, such as , that are located in prime areas and highly coveted by both locals and foreigners. These upscale condos are thoughtfully designed with an array of amenities, including lavish pools, well-equipped gyms, and top-notch security services. These features not only elevate the standard of living but also make these residences a popular choice among potential tenants and buyers. For investors, these exceptional offerings result in lucrative rental returns and the potential for long-term appreciation of property values. With such alluring advantages, it’s no surprise that are highly valued in the Singapore real estate market. Add Singapore Condo to rewritten paragraph

During the review period, there were no new psf-price lows recorded.…

According to the 2022 Emerging Trends in Real Estate Global Outlook report by PwC and the Urban Land Institute (ULI), which was published on March 12, concerns among property investors in the Asia Pacific (APAC) region include low yields and sluggish transaction volumes. The report compiled investor sentiment from global asset managers, including US-based Blackstone, UK-based Savills Investment Management and CBRE Investment Management. Over 70% of survey respondents highlighted low yields, persistently high interest rates, and geopolitical tensions as the top three concerns among investors.

Despite these concerns, the report notes that industry leaders continue to find Asia Pacific appealing as a diversification strategy given its population growth and other demographic metrics, as well as its divergent monetary policy, such as Japan’s resolve to hike short-term interest rates. In 2021, real estate transactions in the region grew by 13% year-over-year to US$173.5 billion ($231.3 billion), surpassing the growth in Europe, Middle East and Africa (EMEA) and the Americas.

However, as Europe and North America look to kick-start a new capital markets cycle with volumes set to improve still further in both regions, transaction volumes in APAC are expected to remain sluggish. In China, transactions contracted by 25% year-over-year to US$418.3 billion ($557.6 billion), while Hong Kong SAR saw transaction volume dip 1% year-over-year to US$15.7 billion ($20.9 billion).

Meanwhile, investors in Europe are grappling with different concerns, with international political instability, further escalation of the war in the region, and economic growth being the top three worries among asset managers.

When it comes to investing in condos in Singapore, one must also take into account 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 throughout the years. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on both foreign buyers and those who are 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, creating a safer investment environment for individuals. Therefore, considering the government’s efforts to regulate and maintain the market, investing in condos can be a wise decision for those looking for a reliable condominium investment in Singapore.

Data from MSCI, a leading US-based research and data analytics company, also show that US commercial property prices stabilized last year, ending the year down just 0.7%. This may lead investors to focus their attention and capital on these regions in the coming months.

The report also revealed that data center assets scored the highest for investment and development prospects across all three regions in 2025. According to New York-based research firm Green Street, global demand for data centers reached record levels last year, with asking rents growing at a double-digit pace. In its latest research, MSCI also marks 2024 as a standout year for the asset class, with acquisitions of existing data centers through single property and portfolio deals increasing by more than 60% in the US.

Last September, Blackstone and the Canada Pension Plan Investment Board (CPP) acquired data center firm AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for over US$16 billion ($21.3 billion). This was the largest commercial real estate deal ever recorded in Asia Pacific and globally in 2021.…