Month: February 2025

Sim Lian Group has announced the opening of its new executive condominium, Aurelle of Tampines, for e-application on February 22nd. Located at Tampines Street 62 in Tampines North, this 760-unit EC is the first new launch of 2025.

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In summary, purchasing a condominium in Singapore comes with a multitude of benefits, including high demand, potential for increased value, and attractive rental returns. Nonetheless, it is crucial to carefully evaluate various aspects such as location, financing options, government regulations, and the current market conditions before making a decision. By conducting thorough research and seeking expert guidance, investors can make well-informed choices and maximize their profits in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to expand your portfolio or a foreign buyer seeking a secure and profitable investment, Singapore’s condo developments, such as Singapore Projects, offer a compelling opportunity.

The development is just a short five-minute walk from the upcoming Tampines North Transport Hub, which includes the Tampines North MRT Station on the Cross Island Line, set to open in 2030. It will also feature an air-conditioned bus interchange and is integrated with the mixed-use development, ParkTown Mall, Community Club, Hawker Centre, and ParkTown Residence. The nearby 1,093-unit ParkTown Residence will also be officially launched for sale on February 22nd.

Aurelle of Tampines is spread across 14 14-storey residential blocks on a site area of 301,391 sq ft. The units are designed for young professionals and growing families, offering a mix of three- to five-bedroom units.

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Prices for the units at Aurelle of Tampines range from $1.417 million ($1,687 psf) for a three-bedroom unit of 840 sq ft, to $1.689 million ($1,651 psf) for a four-bedroom unit of 1,023 sq ft, and $2.258 million ($1,665 psf) for a five-bedroom unit of 1,356 sq ft.

Next door to Aurelle of Tampines is the Tenet EC, a 618-unit development by joint developers Qingjian Realty and Santarli Realty. Launched in December 2022, the project has sold 617 units at an average price of $1,385 psf. The highest transacted price on a psf basis was for a 1,367 sq ft unit that sold for $2.26 million ($1,651 psf) in December. As of February 21st, Tenet has just one available unit for sale.

E-application for Aurelle of Tampines will begin on February 22nd and end on March 4th, with sales bookings commencing on March 8th. The appointed marketing agents are ERA, Huttons, OrangeTee, and PropNex.

Under the current EC regulations, during the initial launch (the first 30 days), 70% of the project has to be allocated to first-time buyers, with only 30% open to second-timers. Buyers can browse the latest listings for Aurelle of Tampines, Tenet, and Parktown Residence properties on the Ask Buddy platform, which also offers condo listings, rental transactions, and price trends for District 18.…

River Valley Apartments, a freehold condominium located along River Valley Road, has been successfully sold for a whopping $56 million. This deal marks the first successful residential collective sale transaction of 2025. The selling price translates to a land rate of $1,622 per square foot per plot ratio (psf ppr).

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In summary, investing in a condominium in Singapore provides several benefits, including a high demand for properties, potential for increased value, and attractive rental returns. However, it is crucial to carefully evaluate various factors such as the location, financing options, government regulations, and market conditions before making any decisions. Through thorough research and seeking expert advice, investors can make informed choices and maximize their profits in Singapore’s dynamic real estate market. Whether you are a local investor looking to expand your portfolio or a foreign buyer seeking a stable and lucrative investment, condos in Singapore offer a compelling opportunity for success.

According to a press release by Knight Frank Singapore, the marketing agent for the transaction, the buyer is a Singapore-based family office. The buyer intends to redevelop the site into serviced apartments. The Urban Redevelopment Authority (URA) has already granted an Outline Permission for the development of serviced apartments on the site.

Chia Mein Mein, the head of capital markets (land and collective sale) at Knight Frank Singapore, says, “The successful sale of River Valley Apartments is a significant achievement in a challenging collective sale market, especially for the residential sector.”

This transaction is the first residential collective sale site to be sold in a prime district since May 2023, when Kew Lodge was sold for $66.8 million to Aurum Land. “The collective sale tender for River Valley Apartments attracted a lot of interest,” adds Chia. She also mentions that the site’s appeal is due to its highly desirable location in the popular River Valley neighborhood. With its redevelopment into a serviced apartment project, the site is perfectly positioned to tap into the growing demand for such living spaces in Singapore.

River Valley Apartments comprises a four-storey building with 24 units. The site, which spans 12,408 square feet, is zoned for “residential” use and has a gross plot ratio of 2.8 under the latest Master Plan. The owners of River Valley Apartments launched the collective sale of the development on January 7, with a guide price of $56 million.

Jerry Tan, the chairman of the River Valley Apartments collective sale committee, shares, “We have attempted to initiate a collective sale in the past, and this is the first time we have secured the consensus of 80% of owners to proceed with the tender launch.” Interested buyers can check out the latest listings for properties in River Valley Apartments.

To make it easier to browse available listings, we have compiled a list of properties for sale at River Valley Apartments on Ask Buddy. You can also find out if there have been any unprofitable transactions in River Valley Apartments and compare the price trend of HDB, condo, and landed properties in the area. For more information, you can also view the sale transactions for River Valley Apartments and check if there are any condo rental listings in District 10.…

Located in the prime district of District 15, 8M Residences has once again set a new record for the highest psf-price for a private condo for the week of Feb 1 to 7. The freehold development achieved a new high of $2,384 psf when a two-bedroom unit spanning 646 sq ft on the 15th floor was sold for $1.54 million on Feb 3. This is the first time a unit at 8M Residences has been sold for more than $2,300 psf, surpassing the previous peak of $2,261 psf set in April 2023. In addition, another unit at 8M Residences was sold during the period, reaching a new peak price of $2,275 psf when a 527 sq ft, one-bedroom unit on the 11th floor was transacted for $1.2 million. 8M Residences has seen steady growth in its resale prices over the years, with an average increase of 7.3% per year from $2,028 psf in February 2022 to $2,177 in February 2025.

Finding the perfect location is of utmost importance when it comes to real estate investment, and this is particularly true in the vibrant city of Singapore. Condominiums situated in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs are known to have a higher appreciation value. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. Additionally, condos located near reputable schools and educational institutions are highly sought after by families, making them an even more attractive investment choice. With all these factors taken into consideration, it is clear that a condo in a prime location is a solid investment in Singapore’s real estate market.

Located in the prestigious District 15, 8M Residences is a 20-storey residential tower with 68 units, comprising of one- to three-bedroom units ranging from 517 to 1,421 sq ft. It also offers four penthouses ranging from 1,184 to 1,841 sq ft. The condo is within walking distance of amenities such as EtonHouse International Research Pre-School, Mountbatten Road, Katong Swimming Complex, Wilkinson Road, and Katong Park MRT Station. The recent sale at 8M Residences is the first in a string of notable transactions in the private condo market for the week of Feb 1 to 7. Taking second place on the list is Kovan Jewel, a freehold condo located along Kovan Road in District 19. A 1,076 sq ft unit on the second floor was sold by the developer for $2.41 million on Feb 7, setting the highest psf-price at the development to date, at $2,236. Kovan Jewel, with 34 units, offers a mix of one- to three-bedroom units from 624 to 1,345 sq ft, as well as four-bedroom penthouses from 1,237 to 2,153 sq ft. Lastly, boutique condo Oleanas Residence, located along Kim Yam Road in District 9, achieved a record-breaking price for the week when a 1,141 sq ft, three-bedroom unit on the sixth floor was sold for $2.52 million on Feb 3. This sets a new high of $2,207 psf at the condo, surpassing the previous record of $2,157 psf. Oleanas Residence offers freehold ownership, and has just seen four resale transactions in the last three years. Amenities within walking distance include Great World MRT Station on the Thomson-East Coast Line, Fort Canning MRT Station on the Downtown Line, and several educational institutes such as River Valley Primary School along River Valley Green and Outram Secondary School along York Hill.…

Condo prices in District 10 rise 15% to new high this yearSponsored post04 Mar 2024
In the period of Feb 4 to Feb 7, the luxury development Nassim 9 recorded the most lucrative private non-landed resale transaction. The sale involved a four-bedroom unit spanning 2,486 sq ft situated on the third floor, which was sold for a whopping $7.5 million, or $3,016 psf, on Feb 7.

According to data from URA caveats, the seller had previously purchased the unit in December 2005 for $4.12 million ($1,641 psf). This means that they made a profit of $3.42 million, which translates to 83.8% of their original purchase price. This also translates to an annualised gain of 3.2% over a span of 19 years.

The transaction is also the third most profitable resale transaction at Nassim 9 so far. The current record was set in March 2023, when a larger four-bedroom unit spanning 2,756 sq ft, was sold for $9.5 million ($3,448 psf). The unit was purchased for $4.12 million ($1,495 psf) in December 2005, and the seller made a profit of $5.38 million, or 130.6%, representing an annualised gain of 5% over a span of 17 years.

Prior to the unit sold on Feb 7, the last transaction at Nassim 9 was recorded in March 2023, where a four-bedroom unit spanning 3,251 sq ft was sold for $10.3 million ($3,169 psf). This translates to a profit of $3.3 million for the seller.

Nassim 9 is a boutique condo located along Nassim Road in the prime District 10. The development has only eight units, all of which have four bedrooms and span between 2,756 and 3,423 sq ft. It was completed in 2002.

The most profitable transaction during this period occurred at Mount Faber Lodge, a freehold development, where a triplex penthouse unit was sold for $5 million ($1,350 psf) on Feb 5. The unit was last sold in August 2001, for $1.6 million, giving the seller a profit of $3.4 million, or 212.5%, which translates to an annualised gain of 5% over a span of 23.5 years.

This sale is also the most profitable unit transacted at Mount Faber Lodge to date. The previous record was held by a three-bedroom unit spanning 2,669 sq ft, sold for $3.89 million ($1,457 psf) in October 2022. The unit was purchased for $1.3 million ($487 psf) in January 2006, and the seller made a profit of $2.59 million, or 199.2%.

Mount Faber Lodge was completed in 1983 and has 84 units, consisting of studio units spanning 1,098 sq ft, two- and three-bedroom units from 1,173 to 2,454 sq ft, and 20 five-bedroom triplex penthouses from 3,703 to 3,724 sq ft.

The third most profitable resale transaction during this period was at Amaryllis Ville, a 99-year leasehold condo in the prime District 11. The 1,238 sq ft, three-bedroom unit on the 28th floor was sold for $2.65 million ($2,141 psf) on Feb 5. The unit was last sold in June 2005, for $1.09 million, giving the seller a profit of $1.56 million, or 142.2%. This translates to an annualised gain of 4.6% over a span of 19.5 years.

The most profitable unit sold at Amaryllis Ville to date was a three-bedroom unit spanning 1,991 sq ft on the 17th floor, which was sold for $3.75 million ($1,885 psf) in September 2023. The unit was purchased for $1.95 million ($979 psf) in June 2009, giving the seller a profit of $1.8 million, or 92.5%. This also translates to an annualised gain of 4.7% over a span of 14 years.

Based on resale data from EdgeProp Singapore, resale prices at Amaryllis Ville have been consistently increasing in recent years. In February 2023, the average price hit $1,897 psf, which rose to $2,001 psf in February 2024. In February 2024, the average price hit $2,082 psf, representing a 4% year-on-year increase.

When contemplating an investment in a condominium, it is essential to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can vary significantly depending on factors such as location, property condition, and market demand. In areas with high rental demand, such as those near business districts or educational institutions, the rental yields tend to be more lucrative. Conducting thorough market research and seeking advice from real estate agents can provide valuable insights into the rental potential of a specific condo. For instance, checking out New Condo Launches can offer further insights into potential rental yields.

Amaryllis Ville was completed in 2004 and has 311 units, consisting of one- and two-bedroom units spanning 657 to 1,378 sq ft, and three-bedroom units from 958 to 2,637 sq ft. There are also 20 five-bedroom triplex penthouses from 3,703 to 3,724 sq ft. Nearby condominiums include the 129-unit Rochelle at Newton along Keng Lee Road and the 378-unit Kopar at Newton along Makeway Avenue.

There were no unprofitable transactions recorded during this period. Looking to rent or buy a luxury condo? Check out the latest listings for Nassim 9 and other condominium properties nearby.…

Heeton Holdings, a Singapore-based property developer, has announced a significant increase in earnings for the 2nd half of the financial year 2024 (2HFY2024) which ended on December 31, 2024. The company reported a 221% year-on-year (y-o-y) rise in earnings, totaling $3.85 million. However, for the full fiscal year of FY2024, Heeton Holdings remains in the red. For the 2HFY2024, earnings per share were reported at 0.79 cents per ordinary share. However, for the entire FY2024, losses amounted to 0.28 cents per share. The growth in revenue for the 2HFY2024 was recorded at 10.5% y-o-y, reaching $41.1 million. For the FY2024, revenue grew by 15.2% y-o-y, totaling $78.2 million. The increase in revenue can be attributed to higher occupancies in the United Kingdom and a rise in rental rates for the group’s investment properties. The group’s turnover for the 2HFY2024 was driven by rental income from investment properties, hotel operations income, and management fees. During the fiscal year 2024, the company divested some of its subsidiaries, including its 70% stake in Gloucester Corinium Avenue Hotel Limited and Ensco 1154 Limited. This resulted in a net gain of $3.78 million. Approximately $418.83 million of the company’s asset value is comprised of property, plant, and equipment, primarily consisting of hotel properties. The increase in the asset value was primarily due to the acquisition of a hotel in Edinburgh, United Kingdom, which added $16.92 million to the company’s balance sheet. This was partially offset by depreciation charges and the disposal of hotels in Japan and the United Kingdom. The company saw a decrease in cash and cash equivalents of $32.70 million, resulting from both major cash inflows and outflows. Cash proceeds from the sale of property, plant, and equipment totaled $26.43 million, while proceeds from the disposal of subsidiaries amounted to $11.37 million. However, there were also significant cash outflows during this period, including a net repayment of loans from associated and joint venture companies totaling $24.45 million, additions to property, plant, and equipment of $40.36 million, and restricted cash pledge for bank facilities amounting to $22.98 million. In light of the uncertainty surrounding Singapore’s economic outlook and the changing geopolitical landscape under the Trump administration, Heeton Holdings has adopted a cautious approach to its strategic expansion. Despite the challenges faced by the hospitality industry, including high operating and labor costs, rising interest rates, and an uncertain macroeconomic environment, the company remains focused on providing high-quality, experiential stays for its guests as a bespoke boutique brand. Heeton Holdings continues to participate in land tenders for residential properties in Singapore, often as part of a consortium. Additionally, the company’s two retail malls are expected to generate steady and recurring income for its real estate investment business. For the current fiscal period, the company has declared a final dividend of 0.5 cents per share. On February 20, shares in Heeton Holdings closed 0.5 cents lower, or 1.818% down, at 27 cents.

Investing in real estate requires careful consideration of various factors, with location being a crucial one. This is especially true in Singapore, where the value of condos is largely influenced by their location. Condominiums situated in central areas or within close proximity to important amenities, such as schools, shopping malls, and public transportation hubs, are known to appreciate more in value. For instance, areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown an upward trend in property values. In addition, condos located near reputable schools and educational institutions are highly sought after by families, making them an even more desirable investment. With the addition of Singapore Projects, the potential for growth and return on investment is further amplified in these prime locations.…

Singaporean entrepreneur and boutique property developer Que Neo, the man behind Euro Properties, is looking to create luxurious residential projects in his ideal living location. His latest venture, K Suites, is set to be completed by subsidiary EG Properties and is a 19-unit apartment block located along Lorong K Telok Kurau in the highly sought-after East Coast area of District 15. The project is expected to receive its temporary occupation permit (TOP) in 1Q2025.

K Suites boasts a prime location with easy access to popular destinations such as the beach, East Coast Park, shopping centers, the Central Business District (CBD), and Changi Airport. Neo explains, “With the East Coast Parkway and Pan-Island Expressway, it takes just 10 minutes to reach the airport and downtown.”

One of the main selling points of K Suites is its proximity to public transportation and renowned schools in the area. The nearest bus stop is less than 50 meters away, and from there, the Marine Parade station on the Thomson-East Coast Line (TEL) and Eunos station on the East-West Line (EWL) can be reached in just two stops. The Eunos station is only one stop away from the Paya Lebar Interchange (serving the EWL and Circle Line) and five stops from Bugis Interchange (serving the EWL and Downtown Line). The Marine Parade station is five stops from the Marina Bay Interchange (serving the TEL, North-South, and Circle Lines) and six stops from Shenton Way in the CBD. The TEL offers direct train access to Orchard Road and Woodlands North, which also serves as the Rapid Transit System (RTS) Station connecting Singapore to the Bukit Chagar Station in Johor Bahru.

K Suites is conveniently located just two doors away from the popular preschool, PCF Sparkletots @ Joo Chiat, making it ideal for families with young children. Within a 1km radius of Telok Kurau are highly sought-after primary schools, such as Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary. Prestigious secondary schools, including Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School, are also in close proximity.

The apartments at K Suites are designed by JGP Architecture and feature a sleek and contemporary aesthetic with its curtain wall system. The glass exterior allows natural light to flood in and offers unobstructed views of the surrounding neighborhood. The apartments have well-designed layouts with ceiling heights ranging from 3.5m to 4.5m, while the duplex penthouses boast a generous ceiling height of 7m. Neo highlights, “The apartments have no bay windows or wasted corridors, resulting in more spacious and efficient interiors.”

The apartments are fitted with top-of-the-line German brand appliances, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings. Residents can enjoy various facilities, such as a swimming pool, Jacuzzi, BBQ pit, lounge area, gym, outdoor fitness area, and playground. The project also features a grand arrival and drop-off area, and the surface car park has facilities for 16 cars and two electric vehicle charging stations.

Since its preview in September 2022, the first phase of 10 units has been sold as of February 2025. The buyers comprise mostly of Singaporeans, including professionals such as doctors, lawyers, and corporate executives, according to Neo. K Suites offers a range of units, including four three-bedroom units (797 to 872 sq ft) and 11 four-bedroom units (1,076 to 1,130 sq ft). The three five-bedroom penthouses (1,625 to 1,679 sq ft) are family-friendly, and one is already sold to a family with four children.

Neo shares that most buyers are upgraders looking for a freehold property in District 15. Some buyers are downsizing from a house to an apartment and prefer ground-level units with a ceiling height of 4.5m, which overlooks the landscaped garden and facilities.

Investing in a condo has numerous advantages, one being the opportunity to use the property’s value to secure additional investments. This means that investors can use their condos as collateral to obtain financing for new investments, allowing them to grow their real estate portfolio. While this strategy can potentially increase returns, it also carries risks. Therefore, it is essential for investors to have a solid financial plan in place and carefully consider the potential impact of market fluctuations on condo values.

According to Neo, “K Suites is the most affordable new freehold project in District 15.” With the imminent TOP and positive market sentiment, developer Euro Properties is releasing the remaining units in the development. Three-bedroom units at K Suites are now priced from $2.058 million ($2,582 psf), while four-bedroom units are starting at $2.525 million ($2,347 psf). The only available five-bedroom penthouse is tagged at $3.5 million ($2,154 psf).

Data from Huttons Data Analytics reveals that boutique developments in District 15 have seen a significant price appreciation of over 100% since their launch. Some examples include Malvern Springs, which has seen a 234.2% increase in prices since its launch in January 2002. In the past five years (January 2020 to December 2024), monthly median rents in boutique condos in Telok Kurau and Joo Chiat, such as the 127-unit Coralis, have risen by 76.5%.

District 15 has always been a popular choice for expatriate tenants due to its lifestyle offerings, including its proximity to the East Coast Park, the beach, and a wide variety of dining and shopping options. K Suites is also expected to attract investors looking for a well-located and exclusive property.…

Perched on the side of the road, the real estate market has been on a rollercoaster ride in 2024. However, the latest market report from Savills Singapore indicates that landlords can expect flat rental growth in the coming year despite a modest rebound of 0.2% q-o-q in private housing rents in 4Q2023.In 2023, the non-landed private residential market recorded modest declines in the first three quarters, contributing to an overall decrease of 1.7% for the entire year. This marks the first full-year decline since the leasing market saw a drop of 0.5% y-o-y in 2020.According to Savills, the decrease in net new rental demand last year, coupled with a seasonal slowdown in rental activity towards the end of the year, has resulted in a quarterly fall of 24.2% in leasing transactions, with a total of 19,733 transactions in 4Q2023.This decline in leasing activity has been attributed to a 30.8% q-o-q decrease in rental contracts for landed homes across the island, as well as a 23.7% q-o-q decrease in leasing volumes for apartments and condos.“Despite the overall decrease in leasing activity in 4Q2023, there is still some growth in rental demand, and rents in the private residential market have stabilized,” says George Tan, managing director of Livethere Residential at Savills Singapore.He adds that the suburban areas offer relatively affordable rents, allowing tenants to prioritize lifestyle options such as larger units, proximity to MRT stations, malls, and recreational activities.According to rental data compiled by Savills, Parc Esta, a 1,399-unit development in District 14, saw the most condo leasing deals in 4Q2023, with a total of 163 transactions and a median rent of $6.84 psf per month (pm). Other high-performing developments include Marina One Residences (126 transactions at $6.62 psf pm), The Sail @ Marina Bay (126 transactions at $6.72 psf pm), Normanton Park (120 transactions at $6.26 psf pm), and D’Leedon (107 transactions at $5.43 psf pm).In terms of rental price growth, the Outside Central Region (OCR) was the only region to experience a decline of 0.8% q-o-q in average rents in 4Q2023. In contrast, rents in the Core Central Region (CCR) and Rest of Central Region (RCR) saw an increase of 0.9% q-o-q and 0.3% q-o-q respectively.According to Savills, this decline in rental prices in the OCR could be attributed to an influx of tenants from suburban areas to more central neighborhoods in search of more reasonable rents.Based on a basket of luxury properties tracked by Savills, the average monthly rent of high-end condos increased by 1.7% q-o-q in 4Q2023 to $5.85 psf pm, indicating a possible rebound in the luxury rental market after five consecutive quarters of decline.Looking to the future, landlords may face challenges in the rental market as companies continue to reduce headcount and hire fewer expatriates, says Alan Cheong, executive director of research and consultancy at Savills Singapore. In addition, landlords might also face higher property taxes for non-owner-occupied residential properties and increased conservancy charges due to inflationary pressures.However, although the rental market saw a turnaround in 3Q2023 and continued its rise in 4Q2023, challenges are expected to persist in 2025 due to fewer new completions of private homes this year. Furthermore, the fear of high property taxes on investment properties could turn landlords away from accepting below-market rental rates. Cheong also predicts that low-interest rates may take longer to decline, leading to a longer period of continued mortgage payments.The adoption of AI could lead to a decrease in manpower requirements for high-tech firms, resulting in a decrease in the number of white-collar professionals employed and a possible reduction in the expat tenant pool, says Cheong.However, he also adds that the current slow growth in rental prices may be a saving grace for landlords. With fewer new completions of private homes expected in 2025, they can expect to resist undervalued rental offers while waiting for interest rates to fall.

Ultimately, purchasing a condo in Singapore presents a multitude of benefits, including a high demand for the property, potential for significant capital appreciation, and appealing rental yields. However, it is crucial to carefully consider various factors such as location, financing options, government regulations, and current market conditions. Through conducting extensive research and seeking guidance from professionals, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local looking to diversify your investment portfolio or a foreign buyer in search of a stable and profitable opportunity, investing in condos in Singapore, such as those offered by Singapore Projects, presents a compelling opportunity to achieve your goals.…

CBRE has been appointed as the exclusive marketing agent for the Hotel Clover at 7 Hongkong Street, a boutique hotel with 27 rooms. The property is currently on the market with a guide price of $27 million. Additionally, CBRE is also handling the sale of a nearby commercial building at 36 Hongkong Street, which has a guide price of $22.6 million.

The Hotel Clover is a six-storey building located on a 1,701 sq ft plot that is zoned for hotel use and has a plot ratio of 4.2 under the latest Master Plan. The property has a remaining land tenure of approximately 89 years and a total floor area of 7,142 sq ft. This equates to a price of $3,780 per sq ft on the floor area.

On the other hand, the commercial building at 36 Hongkong Street is a five-storey building situated on a 1,733 sq ft plot that is zoned for commercial use and also has a plot ratio of 4.2 under the Master Plan. The property has a remaining land tenure of 93 years and a total floor area of 7,279 sq ft. The guide price for this building is $3,105 per sq ft. Currently, the building is fully leased to a bridal shop on the ground floor and offices on the upper floors.

According to Clemence Lee, the executive director of capital markets at CBRE Singapore, both of these properties have relatively attractive remaining land tenures compared to other 99-year leasehold properties in the CBD area. This makes them ideal for owner-occupiers who are looking for a flagship asset at a reasonable price with naming rights for their exclusive operations.

As both properties are classified as hotel and commercial properties, foreigners and companies are eligible to purchase them without incurring Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) on the transactions.

Located in the vibrant Clarke Quay area, the properties are surrounded by popular restaurants, bars, boutique hotels, and fitness studios. They are also conveniently close to Clarke Quay MRT Station on the North-East Line.

Lee also highlights the potential for rental growth and capital appreciation in the medium to long term, with the upcoming completion of the $62 million asset enhancement project at CQ@Clarke Quay and the development of two large-scale integrated developments, Canninghill Piers and Union Square.

Both properties will be sold through an expression of interest exercise, which will close on March 26. Interested parties can find out more about these properties by visiting CBRE’s website or checking out the latest listings for commercial real estate properties.

When making the decision to invest in a condominium, one must not overlook the importance of its maintenance and management. This is because, unlike houses, condos come with additional expenses in the form of maintenance fees. These fees are necessary for the upkeep of common areas and facilities, but they also contribute to the property’s long-term value. To make the ownership experience more convenient, investors can enlist the assistance of a property management company to handle the day-to-day management of their condos. This turns the investment into a more passive one, allowing for a stress-free ownership experience. With the inclusion of Singapore Projects, investors can rest assured that their condo investment will be well taken care of for years to come.…

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When contemplating an investment in a condo, it is crucial to evaluate the potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condo rental yields can greatly fluctuate 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 more favorable rental yields. To gain a better understanding of a specific condo’s rental potential, it is advisable to conduct thorough market research and seek guidance from real estate agents. Additionally, staying updated with the latest New Condo Launches can also provide valuable insights into the rental market.

By Karen K. // The Edge PropertySingapore’s property market outlook was the main topic of discussion at EdgeProp Singapore’s Property Market Outlook event held on Feb 16. The event, moderated by EdgeProp Singapore CEO Bernard Tong, featured a panel of three industry experts who discussed the potential for new cooling measures, upcoming housing supply from government land sale (GLS) sites and Build-To-Order (BTO) launches, as well as potential impacts stemming from the Budget 2025 announcements.One of the main points of discussion was the government’s indication last month that it was willing to implement additional cooling measures in the market. The panelists noted that if new measures are implemented, they are likely to apply uniformly across the residential market rather than targeting specific sectors. They also discussed the possibility that new measures could focus on the HDB resale market, which they identified as the “floor” of the housing market in Singapore.Panelists also discussed the potential impact of the upcoming housing supply from GLS sites and BTO launches, which the government has announced will be a priority in the first half of 2025. However, the panelists agreed that the impact of these developments on prices will likely be felt much later on, as newly launched Prime and Plus BTO flats will take around 14 years to enter the resale market. They also noted that prices in the resale market tend to follow project completions and HDB estates completing their minimum occupation period rather than the pipeline of GLS sites up for tender each year.The panelists also weighed in on the recent successes of new launches so far this year, such as Elta, The Orie, and Bagnall Haus, which have experienced strong selling rates. They attributed this to strong buyer confidence and a healthy job market, which has increased property owners’ confidence in upgrading.The panelists also touched on the potential impact of the Budget 2025 announcements, with one panelist noting that Singapore has seen a relatively strong economic recovery since the Covid-19 pandemic. With 2025 being an election year, the panelist believes that Singaporeans can expect more handouts funded by government surpluses stemming from healthy government revenue collections in the past three years.During the event, Tong also presented a session of EdgeProp’s Master Plan Master Class, which covered upcoming transformation plans in Clementi and Jurong East. He highlighted the completion of the second phase of the Cross Island Line, which will add a new MRT station and turn the existing Clementi station into an interchange. He also noted that MRT interchanges tend to have a positive impact on surrounding property prices.The panelists also discussed the rental market this year, which has slowed since its peak two years ago. They agreed that falling rents are likely to moderate rental price growth this year, but noted that this could be offset by layoffs among technology and finance companies.As the event came to a close, the panelists took questions from the audience, with some participants questioning whether the residential property market is in a “euphoric” phase. The panelists agreed that the sense of market exuberance is likely to subside as developers strategically time the launch of new projects, and that a surge in price growth in the HDB resale market could add upward pressure on prices in the private housing segment.…

JustCo, the homegrown flexible workspace operator, has launched its luxurious brand, The Collective, with the opening of its first flagship co-working space in Tokyo on February 19. The impressive 24,000 sq ft space is located in GranTokyo South Tower, a 42-storey skyscraper in the prestigious Marunouchi district in Tokyo’s Chiyoda City ward. Its strategic location adjacent to Tokyo Station makes it easily accessible from both Narita and Haneda airports.

According to The Collective, the design of the co-working space was inspired by Tokyo Station, paying homage to the beauty and warmth of a luxurious voyage. The group believes that this unique concept will provide its members with a one-of-a-kind experience.

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Securing financing for a Singapore condo is a vital step towards a successful investment. With various mortgage choices available, it is imperative to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a ceiling on the loan amount that a borrower can obtain, taking into account their income and current outstanding debts. It is essential to have a deep understanding of the TDSR and seek guidance from financial experts or mortgage consultants to make well-informed decisions about financing options. This can prevent investors from overstretching themselves financially. For those contemplating investing in a Singapore condo, carefully evaluating and comprehending the TDSR is crucial.

Aside from the hot desk area and meeting rooms, The Collective offers private suites with 24/7 secured access, and larger enterprise suites that come with exclusive entrance features and bespoke workspace designs. Every workspace is meticulously furnished with top-of-the-line Herman Miller Aeron chairs and Benel adjustable desks to ensure maximum comfort and productivity.

Members can also enjoy refreshments throughout the day at the TWG Tea Bar and take breaks in the “wellness sanctuary” designed to help them recharge and relax during work breaks. The Collective truly offers a well-rounded co-working experience, catering to both work and wellness needs.…