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To conclude, investing in a condo in Singapore presents a multitude of benefits, including a high demand from potential buyers, the potential for capital appreciation, and attractive rental yields. However, it is crucial to carefully consider various factors such as the location, financing options, government regulations, and the current market conditions. By conducting thorough research and seeking professional advice, investors can make informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and lucrative investment, condos in Singapore, like Condo, offer an enticing opportunity.

Jan 11 and 12 saw the launch of 87 units at One Bernam, a mixed-use development in Tanjong Pagar. Jointly developed by MCC Land and Hao Yuan Investment, this project offers a total of 351 residential units and was first launched in May 2021. As of Jan 10, over 75% of the units have been sold at an average price of $2,585 per square foot (psf). During the weekend promotion, all remaining 87 units, ranging from one-bedroom to three-bedroom and penthouse units, were put on sale at discounted prices. Buyers can visit the website for the latest information on transaction prices and available units. One-bedroom units, with sizes ranging from 441 sq ft to 463 sq ft, saw price discounts of $323,000 to $438,000. The selling price ranged from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Two-bedroom apartments, with sizes between 700 sq ft and 732 sq ft, were sold at prices ranging from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf), after a discount from $437,000 to $668,000. The two-bedroom plus study apartments, sized from 807 sq ft to 872 sq ft, were sold at prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf), with discounts ranging from $380,000 to $800,000. Three-bedroom units, at 1,421 sq ft, had discounts ranging from $616,000 to $830,000. The selling price for these units was between $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf). According to Marcus Chu, the CEO of ERA Singapore, the strong sales performance reflects the property’s potential as a stable and high-return asset. He adds that 78% of the buyers purchased the units as investment properties. Furthermore, 87% of the buyers are Singaporeans with 70% between 31 and 50 years old.The overwhelming response over the weekend has resulted in only three remaining penthouse units for sale, bringing the total sales to 99%. The remaining units comprise two three-bedroom penthouses, sized at 1,744 sq ft and 1,948 sq ft, and a five-bedroom unit of 4,306 sq ft. As the project is expected to obtain its Temporary Occupation Permit (TOP) in March 2026, investors can start to generate rental income, which can help to cover their loan instalments, according to Chu. According to data from EdgeProp Landlens, the average monthly rent for existing developments in the vicinity, such as Altez, Eon Shenton and 76 Shenton, ranges from $6.90 psf to $7.40 psf. Chu believes that the reduced competition from foreign buyers due to the increase in Additional Buyer’s Stamp Duty (ABSD) in 2023 will open up more opportunities for local buyers to enter the market. He adds that local demand is expected to remain the main driver for properties in the Central Core Region (CCR), with competitive pricing making these developments an attractive and stable investment choice. Buyers can visit the website for more information on One Bernam properties, and check out the latest listings and price trends for upcoming new launch projects. Other information available includes condo rental listings in District 2 and a comparison of price trends between new sale condos and resale condos.  …

Singapore’s Real Estate Developers’ Association (Redas) has announced its new management committee for the next two years after the Annual General Meeting held on Jan 9. This marks the second consecutive term for Tan Swee Yiow, Chairman of Keppel Reit Management, as the association’s President.

Tan expressed his gratitude for being re-elected, saying he is “honoured” by the trust placed in him by his peers. He also highlighted the diverse representation of the new management committee, which includes members from various sectors, scales and expertise within the industry.

The rest of the committee comprises of Immediate Past President Chia Ngiang Hong, Group General Manager of City Developments; First Vice President Kwee Ker Wei, Director of Pontiac Land Group; Second Vice President Marc Boey, Executive Director of Project Services at Far East Organization; Honorary Secretary Chong Hock Chang, Group Director of Projects and Marketing at Ho Bee Land; Honorary Treasurer Neo Soon Hup, COO of UOL Group; Honorary Assistant Secretary Chew Peet Mun, Managing Director of Investment and Development at CapitaLand Development Singapore; and Honorary Assistant Treasurer Tho Leong Chye, Managing Director of Allgreen Properties.

This year, REDAS also celebrated its 65th anniversary and honoured Chia Ngiang Hong with the Lifetime Achievement Award.

The government’s property cooling measures hold significant weight when considering investing in condos in Singapore. In order to maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a secure environment for investment. With the addition of new condo launches, the market is continuously expanding and offering opportunities for potential investors.

Chia, Immediate Past President of REDAS, extended his congratulations to the new management committee and praised Tan’s leadership, saying that his unanimous re-election is a testament to his exemplary leadership skills. Tan himself believes that with the diverse composition of the committee, REDAS will be able to effectively drive initiatives that will have a significant impact on the broader built environment ecosystem.

Some of the initiatives that REDAS hopes to focus on in the coming years include the implementation of Environmental, Social and Governance (ESG) practices and the use of green premiums to encourage sustainable development. Another area of interest for the association is the demand for senior accommodation in Singapore, and developers have suggested a separate land zoning to meet this projected demand.

Overall, REDAS is optimistic about the future of the real estate industry in Singapore and is committed to working together with the government and other stakeholders to bring about positive changes for the benefit of the community.…

The recent sale of a spacious 3,767 sq ft unit at The Arcadia has been making headlines as the most profitable resale transaction during the period of Dec 10 to Dec 31. The lucky owner of this four-bedroom unit on the seventh floor rang in the new year with an impressive profit of $3.25 million (217%), after successfully selling the property for $4.75 million ($1,261 psf) on Dec 10.

According to the caveats, the unit had originally been purchased back in 1998 for $1.5 million ($398 psf), making the resale a whopping 26-year investment that generated an annualized profit of 4.5%.

Last year, The Arcadia saw a total of five units, ranging from 3,714 sq ft to 3,821 sq ft, change hands for profits that ranged from $60,000 to $3.25 million. In October of last year, a 3,778 sq ft unit on the fourth floor was sold for $4.6 million ($1,218 psf), earning the seller a modest profit of $60,000.

The sale that holds the record for the highest profit at The Arcadia was a penthouse unit of 7,503 sq ft on the 10th floor, which was sold for $10 million ($1,333 psf) in 2010. The previous owner had purchased the penthouse for $5.5 million ($733 psf) back in 2007, resulting in a profit of $4.5 million (81%) and an annualized profit of about 19% over a span of three years.

Situated along Arcadia Road in prime District 11, The Arcadia is a 99-year leasehold condo that was completed in 1983 and still has 54 years remaining on its land tenure. Surrounded by landed estates and Good Class Bungalows, the property is also close to top schools such as Raffles Girls Primary School, Hwa Chong Institution and National Junior College.

In the meantime, the second most profitable resale during the last three weeks of 2020 was recorded at Tanglin Hill Meadows on Dec 10. This three-bedder unit, measuring 2,077 sq ft, fetched a remarkable $4.5 million ($2,166 psf), after being purchased for $1.8 million ($866 psf) back in 1999. This resulted in a profit of $2.7 million (150%) for the seller, with an annualized gain of 3.6% over 26 years.

This also sets a new record for the most profitable transaction at Tanglin Hill Meadows, taking over the previous record of $2.28 million (157%) when a 2,002 sq ft unit was sold for $3.73 million ($1,863 psf) back in 2010. The said unit was originally bought for $1.45 million ($724 psf) in 2005, and its resale yielded an annualized profit of around 21% over five years.

Investing in a Singapore Condo offers numerous benefits, with one of the most attractive being the potential for capital appreciation. Singapore’s position as a prominent global business center, along with its robust economic foundation, creates a consistent demand for real estate. As a result, property prices in the country have experienced a steady increase over the years, particularly in prime locations where condos are located. By purchasing a Singapore Condo at the opportune moment and holding onto it for the long haul, investors can reap significant gains in terms of capital growth. With Singapore Condo investments, long-term investors can capitalize on the country’s thriving market and reap substantial returns on their investment.

Located along Tanglin Hill in prime District 10, Tanglin Hill Meadows is a freehold condo that was completed in 1997 and is situated within the Ridley Park Good Class Bungalow Area.

Meanwhile, at Seascape, a 99-year leasehold condo in Sentosa Cove, losses continue to mount as the seller of a 2,174 sq ft unit on the seventh floor incurred a loss of $1.97 million (33%) after selling it on Dec 18. The three-bedroom unit was sold for $3.98 million ($1,830 psf) after being bought for $5.95 million ($2,736 psf) in 2011, resulting in an annualized loss of 2.5% over 13 years.

This marks the third resale transaction at Seascape last year, all of which incurred losses ranging from $1.75 million to $2.53 million. The sale that incurred the $2.53 million loss was also recorded as the second-largest loss-incurring resale transaction for 2020. It involved a 2,680 sq ft unit that fetched $4.5 million ($1,679 psf) when it was sold on Aug 14, 2020.

Completed in 2012, Seascape is a high-end development with 151 units and boasts a scenic view of the South China Sea. The property offers a selection of three-bedroom and four-bedroom units measuring from 2,164 sq ft to 4,069 sq ft, penthouses ranging from 3,380 to 4,252 sq ft, and sky villas measuring between 6,631 and 9,666 sq ft.…

A recently completed Good Class Bungalow (GCB) at Victoria Park is now up for sale, with an asking price of $61 million. The seven-bedroom bungalow was completed just three years ago and it is situated at the end of Victoria Close, a cul-de-sac that boasts just 10 houses. According to Jervis Ng, associate group district director at PropNex Realty and the agent in charge of the sale, the number of houses in this exclusive enclave can only be increased by subdividing a larger plot of more than 30,000 sq ft, in accordance with planning guidelines. Ng, who is also the founder of JNA Real Estate, a property team under PropNex, adds that the exclusivity and privacy enjoyed by the GCBs along Victoria Park Close will be preserved, a priority that many ultra-high-net-worth individuals and their families are willing to pay a premium to enjoy.

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Location plays a pivotal role in real estate investment, and this rings particularly true in Singapore. The value of condos in prime locations or those in close proximity to essential amenities such as schools, shopping centers, and transportation hubs tend to appreciate significantly. Some examples of these highly coveted locations include Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown a positive growth trend. Furthermore, condos located near reputable schools and educational institutions are highly sought after by families, further boosting their investment potential. This is why Singapore Projects are considered a wise investment choice.

“In recent months, we have seen the return of new naturalised Singaporeans into the GCB market, and this has improved buying sentiment,” says Ng. He believes that this GCB will be highly sought-after by newly minted Singaporeans who grew up in countries like China, India or Indonesia, and are searching for a trophy home. The Victoria Park GCB area is home to prominent residents such as Jack Ma, Chinese business magnate and co-founder of Alibaba Group, as well as Tang Wee Kit, a member of the Tang family known for founding Tangs department store.

Ng says that the GCB for sale has been well-maintained and still looks new. The property boasts a contemporary interior design with premium quality materials and finishes. Additionally, the 18,988 sq ft plot has been efficiently utilised as the owners worked closely with the architect. The GCB has a total built-up area of 25,300 sq ft, which includes seven en-suite bedrooms, three helpers’ rooms and a basement carpark that can accommodate up to seven cars. The basement level also features an entertainment room that can double up as a guest room if needed, as well as a private gym and a 20m lap pool. According to Ng, the bungalow is located on a hilltop, which means that most of the rooms offer stunning views of the surrounding low-rise neighbourhood.

Recent transactions in the Victoria Park GCB area have been relatively few. According to caveats, the site of the GCB for sale was purchased for $18.2 million in September 2016, translating to a land rate of $959 psf. The most recent transaction along Victoria Park Close was for a 15,253 sq ft plot that fetched $28.33 million in May 2021, at a land rate of $1,857 psf. Before that, a 29,956 sq ft plot was sold for $40 million ($1,335 psf) in April 2017. The last recorded GCB sale along Victoria Park Road was for a 32,077 sq ft plot that was sold for $48 million ($1,496 psf) in November 2011.

According to Ng, there are several factors that will help to stabilise the GCB market, such as anticipated lower interest rates, sustained demand from ultra-high-net-worth buyers and limited supply. He expects transaction volume to increase by 10% to 15% from last year, assuming there are no major economic disruptions. 2020 saw about 35 GCB transactions, raking in a total transaction volume of $1.32 billion – a significant increase from 2019’s high of $1.186 billion.

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in 2nd largest deal since 2018

Investing in a condo presents numerous advantages, one of which is the opportunity to leverage the property’s value for future investments. In fact, a lot of investors utilize their condos as collateral to secure additional funds for new ventures, thus expanding their real estate portfolio. While this tactic can potentially boost returns, it also involves certain risks that need to be carefully assessed. It is essential to have a solid financial plan in place and to carefully consider the potential consequences of market fluctuations on your Condo investment.

Local real estate advisory firm Edmund Tie & Company has recently undergone a rebranding exercise, changing its name to simply ETC. This change also includes a revamped logo, which aims to reflect the company’s growth and evolution over the years.

According to Desmond Sim, the CEO of ETC, the decision to adopt ETC as the official name was driven by the company’s employees, highlighting the importance of their insights, voices, and ideas. The new name has been a familiar abbreviation for Edmund Tie & Company among both clients and staff.

Sim further explains that the rebranding is a reflection of ETC’s growth as a unified entity and its determination to shape the future of the real estate industry, both locally and regionally.

Coinciding with the company’s 30th anniversary, the rebranding marks a milestone for ETC. Since its establishment in 1995, ETC has been offering a comprehensive range of services, including advisory, investment, management, and divestment, covering every stage of a real estate asset’s lifecycle.

In recent news, Marina Bay Residences’ $5 million revamp has enhanced its residents’ living experience and delivered premium value in rents. Additionally, three food factory units at Pandan Loop are currently up for sale at $11 million, while Noel Building on Tai Seng has been sold for $81.18 million – 17% above the guide price. In another significant deal, GS Building in Balestier was sold for $67 million, making it the second-largest deal since 2018.

Overall, the rebranding of ETC and its continued success in the real estate industry demonstrate its commitment to providing quality services and shaping the future of the industry.…

A stunning Good Class Bungalow (GCB) located within the prestigious Dalve Estate-Nassim Road area is currently up for sale through an expression of interest (EOI) exercise, with an indicative price of $60 million. This translates to $2,742 per square foot (psf), based on a land area of 21,881 square feet.

According to a press release on Jan 8 from the property’s marketing agent, Cushman & Wakefield, the freehold plot is situated on elevated ground and is ideal for redevelopment. Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, highlights that the property presents an opportunity for buyers looking to build their dream multi-generational home from scratch, or for developers to create a luxurious, state-of-the-art GCB for discerning individuals.

Choosing the right location is crucial when it comes to investing in real estate, and this holds particularly true in Singapore. Condominiums that are located in central areas or in close proximity to important amenities such as schools, shopping malls, and public transportation hubs tend to have a higher appreciation in value. This is evident in prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD), where real estate values have consistently shown growth. The presence of well-regarded schools and educational institutions adds another layer of desirability to condos in these areas, making them even more attractive for families and further enhancing their investment potential. In fact, Singapore Projects have become a top choice for property investors due to their strategic locations and potential for high returns on investment.

The property enjoys close proximity to the Singapore Botanic Gardens and is a short drive away from the renowned Orchard Road shopping belt. It is also conveniently situated near prestigious schools like Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution and Hwa Chong Institution.

Poh further explains, “The neighborhood is highly sought after by ultra-high net worth individuals, as seen from the recent record-breaking transactions at Nassim Road and Tanglin Hill, with land rates reaching $4,500 psf and $6,200 psf respectively.”

The EOI for this exquisite property will close on February 11 at 3pm, providing interested parties with ample time to consider this once-in-a-lifetime opportunity.…

A stunning residential complex in New York City is set to be showcased to Singapore buyers on the weekend of Jan 11 and 12. Located in the prestigious Upper West Side of Manhattan, 720 West End Avenue boasts 131 luxurious residences ranging from one to five bedrooms, as well as townhouses, duplexes, and penthouses with private terraces. Ranging in size from around 500 sq ft to over 3,700 sq ft, unit prices start at US$1.015 million ($1.38 million) for a one-bedroom residence.

Originally built in 1927 as the Hotel Marcy, the 17-storey building was designed by renowned New York architect Emery Roth in the Renaissance Revival style. The developers of 720 West End Avenue, Glacier Equities and InterVest Capital Partners, have meticulously restored the building’s intricate façade to its former glory. In addition, two floors have been added to house the penthouse duplexes, and the interiors have been revamped by renowned designer Thomas Juul-Hansen.

The urban landscape of Singapore is characterized by towering skyscrapers and modern infrastructure. Condos, strategically located in prestigious areas, offer a unique blend of luxury and convenience that make them a popular choice for both locals and foreigners. These residential complexes feature a wide range of amenities, such as swimming pools, fitness centers, and top-notch security services, elevating the living experience and making them a highly desirable option for potential renters and buyers. Investing in Condos is a wise choice, as these facilities result in attractive rental yields and continous appreciation of property value, highlighting the promising potential of these developments. Condos truly offer a luxurious and lucrative real estate opportunity in Singapore’s dynamic property market.

The development offers over 30,000 sq ft of top-notch amenities, including a state-of-the-art fitness center, private bar and dining room, library, co-working spaces, outdoor terraces and courtyards, private parking, and bike storage. Singapore buyers can get a closer look at the development and its luxurious offerings at voco Orchard Hotel, where Savills Singapore will be hosting an exclusive presentation on Jan 11 and 12. The event will also feature a seminar on the New York real estate market at 3pm on both days. Don’t miss this opportunity to discover 720 West End Avenue and the exciting possibilities it offers in the highly coveted New York real estate market.…

pioneer of a new brand of hospitalit

Ayana Bali, an expansive 90-hectare resort located in Bali, Indonesia, has recently introduced its latest residential option – the Alamanda Tower. The tower consists of 26 one- and two-bedroom apartments, available for long-term lease with a minimum stay of one month. This new addition is part of Ayana Residences, a collection of residential properties within the larger Ayana Bali estate. The estate is situated on the scenic coastline of Jimbaran Bay and includes four hotels, an award-winning spa, a golf course, a secluded beach, various event venues, and 30 dining outlets.

Residents of Alamanda Tower can enjoy access to three rooftop pools, as well as utilize the facilities at the community center in Ayana Residences, such as a gym, lap pool, sauna, and steam room. In addition, a dedicated concierge team, bi-weekly housekeeping, a buggy service within Ayana Bali, and discounts on dining and selected spa services are also provided.

The one-bedroom units at Alamanda Tower are 1,173 square feet and priced from approximately IDR70 million ($5,896) per month. Meanwhile, the two-bedroom units without a private pool measure 1,647 square feet and start from around IDR100 million per month. Two-bedroom units with a private pool range from 2,045 to 2,648 sq ft and start from approximately IDR120 million per month.

Investing in real estate in Singapore requires careful consideration of the location. This is especially important due to the unique geography of the country. In particular, condominiums that are situated in central areas or near essential amenities like schools, shopping malls, and public transportation hubs have proven to have higher property value appreciation over time. The prime locations of Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in value. The presence of reputable schools and educational institutions in these areas also adds to the appeal of these condos, making them a highly sought-after investment opportunity for families. With the constant emergence of new condo launches, investors have even more opportunities to capitalize on these prime locations and potentially experience long-term growth. Explore new potential investment opportunities with the latest New Condo Launches.

Ayana Bali is managed by Ayana Hospitality, a leading hospitality company in Indonesia that also operates properties in Jakarta and Labuan Bajo. With its luxurious amenities and stunning location, Alamanda Tower offers a unique and desirable residential option in Bali.…

Surbana Jurong Group welcomes the appointment of Professor Cheong Koon Hean to its board of directors, according to a press release on January 6. With her vast experience and expertise, she will enhance the company’s ability to provide cutting-edge, resilient, and sustainable solutions for the built environment.

Singapore’s cityscape is characterized by towering skyscrapers and contemporary infrastructure. The city’s prime locations are dotted with condominiums, offering a perfect mix of indulgence and practicality that appeals to locals and foreigners alike. These luxurious residences boast a variety of conveniences, including access to swimming pools, fitness centers, and round-the-clock security services. It’s no wonder they are highly sought-after by potential tenants and buyers, as these amenities contribute to a better quality of life. For investors, owning a condo translates to higher rental returns and the potential for a significant increase in property value over time. Keep an eye out for the latest New Condo Launches to stay updated on the latest offerings in the market.

Professor Cheong previously served as CEO of HDB from 2010 to 2020 and CEO of URA from 2004 to 2010. She is currently the Chair of the Lee Kuan Yew Centre for Innovative Cities and a Professor of Practice at the Singapore University of Technology and Design. She also holds the position of Chairman of the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

Moreover, Professor Cheong is a board member of the National University of Singapore and CapitaLand Group. She also serves as Singapore’s non-resident ambassador to Finland. With her extensive knowledge and experience in the urban planning and development sector, she will be an invaluable asset to Surbana Jurong as it strives to create smarter, more sustainable buildings for a greener future.…