Condo Horn by Eagles

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.…

When it comes to investing in condominiums in Singapore, one of the key factors to consider is the government’s property cooling measures. In an effort to maintain a sustainable real estate market, the Singaporean government has implemented a variety of measures to discourage speculative buying. These measures include 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 short-term profitability of condo investments, they ultimately contribute to a more stable market for the long term. This creates a safer investment environment for those interested in Singapore Projects in the country.

River Valley Apartments, a freehold condominium located in the highly sought-after District 10, has recently been put up for sale through a collective sale tender. The exclusive marketing agent, Knight Frank Singapore, announced on January 6 that the development is on the market for $56 million.

Built in the 1950s, River Valley Apartments is a four-storey development comprising of 24 units. It sits on a freehold land measuring approximately 12,408 square feet, zoned for residential use with a gross plot ratio of 2.8. Its prime location is within 500 meters of the upcoming Great World MRT Station on the Thomson-East Coast Line. Residents can also enjoy the convenience of being within walking distance to Great World City and Valley Point Shopping Centre. Families with young children will also be pleased to know that the development is located within a 1-kilometer radius of reputable schools such as River Valley Primary School and Alexandra Primary School.

According to EdgeProp LandLens, the site has the potential to be redeveloped into a boutique residential development with 37 new units, with an average size of 915 square feet. Knight Frank further adds that the guide price of $56 million translates to a land rate of approximately $1,622 per square foot per plot ratio (psf ppr) including a nominal land betterment charge. With an additional 7% gross floor area allowed for balconies, the price will be approximately $1,583 psf ppr.

Chia Mein Mein, the Head of Capital Markets (land and collective sale) at Knight Frank Singapore, notes that the site is in close proximity to three Government Land Sales (GLS) sites that were sold last year. These include the Zion Road (Parcel A) site that was awarded to a joint venture between City Developments and Mitsui Fudosan for $1.107 billion ($1,202 psf ppr) in April 2024. In June 2024, a GLS site at River Valley Green was sold for $463.99 million ($1,325 psf ppr) to Wing Tai Holdings. Two months later, Zion Road (Parcel B) was awarded to Allgreen Properties for $730.9 million ($1,304 psf ppr) in August.

Chia further comments, “Despite the lackluster home sales activity in the Central Region, the interest in the River Valley and Zion Road location proves that developers are still drawn to this area. This could indicate their belief that there will be ready demand for prime products once these projects are launched, after a long period of subdued activity.”

If the development is successfully sold, Knight Frank estimates that owners of the units at River Valley Apartments, which range between 947 and 1,238 square feet, stand to receive a minimum sale proceeds of around $2 million to $2.6 million.

The collective sale tender for River Valley Apartments will close on February 18 at 3pm. Interested parties can view the latest listings for River Valley Apartments properties, enquire about the past rental transactions, as well as check out the past sale transactions within District 10. The price trend chart for River Valley Apartments is also available for your perusal.…

The Urban Redevelopment Authority (URA) has recently given their approval for a proposal to voluntarily conserve Golden Mile Tower. This would only come into effect if the 99-year leasehold development is successfully sold in a collective sale and the new developer plans to redevelop the property.

Based on documents obtained by EdgeProp Singapore, the government has stated that if the developer agrees to conserve at least the existing cinema block, they would consider increasing the site’s allowable gross plot ratio (GPR) from 4.46 to 5.6. This is based on the current site area of 93,902.5 square feet. The increase in GPR would also correspondingly boost the redevelopment’s allowable gross floor area (GFA) to 525,854 square feet, a significant increase from its current GFA of 419,142 square feet. Additionally, voluntary conservation would also allow for a higher maximum building height of 164 meters, up from the current limit of 145 meters for the site.

Last August, the owners of Golden Mile Tower attempted a collective sale with a reserve price of $556 million. This was the third attempt to sell and redevelop the 99-year leasehold development. According to Anna Tan, the business development director at Tag Realty (the marketing agent for the collective sale of Golden Mile Tower), the reserve price for the 99-year leasehold development remains the same. This translates to a land rate of $1,350, which includes the cost of renewing the land tenure but does not factor in any land betterment charges.

“The increase in building height limit under the voluntary conservation options creates new possibilities for developers to reimagine the property, giving it a striking presence in the skyline. It also means that commercial and hotel spaces in the new development could have 5-meter floor-to-ceiling heights, while residential units could offer 3.6-meter ceiling heights,” says Tan.

For international investors, it is crucial to have a thorough understanding of the regulations and limitations regarding property ownership in Singapore. While foreigners are granted the freedom to acquire condominiums with relatively few restrictions, purchasing landed properties comes with stricter ownership guidelines.

It is worth noting that foreign buyers are also subjected to Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property purchase. Despite the added costs, the stability and potential for growth in Singapore’s real estate market continue to attract foreign investments. For more information on the latest condo developments, check out New Condo Launches.

The approval for voluntary conservation of Golden Mile Tower is significant, especially considering that the neighbouring Golden Mile Complex, now rebranded as Golden Mile Singapore, was gazetted for conservation in 2021. Golden Mile Singapore is a joint project between Perennial Holdings and Far East Organization. The commercial units were launched last December, while the new residential units, housed in a 45-story tower, are expected to be launched this quarter.

“This is a rare opportunity to redevelop Golden Mile Tower, given the limited land supply along Beach Road and the potential price appreciation due to ongoing rejuvenation efforts such as the launch of Golden Mile Singapore and the nearby Kallang Alive master plan,” says Tan.

She adds that the redevelopment of Golden Mile Tower presents an opportunity to develop a new mixed-use development in a prime location along Beach Road. The building’s heritage and potential for the future make it a unique investment opportunity for both local and international investors.…

Over the weekend of January 4-5, Bagnall Haus at Upper East Coast saw an influx of 1,500 visitors at its sales gallery. Executive chairman of Roxy-Pacific Holdings, Teo Hong Lim, reports that many of the visitors were families who are already residing in the East.

Bagnall Haus is one of the first new project launches of the year 2025. The 113-unit freehold condo is a redevelopment of the former Bagnall Court, which was acquired in January 2023 for $115.28 million.

Conveniently located less than a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station and the Upper East Coast Bus Terminal, Bagnall Haus is poised to be a highly sought-after property.

For those interested in staying updated on the latest new launches, they can search for information on New Launches to find out about transaction prices and available units.

The last new project launched in the Upper East Coast Road neighbourhood was a whopping 15 years ago. To cater to a diverse pool of buyers, from investors to owner-occupiers, singles and families, the developer offers a mix of units ranging from one-bedroom plus flexi (495 sq ft) to five-bedroom (1,528 sq ft). Prices start from $1.235 million ($2,495 psf) and the average indicative price is about $2,450 psf according to the developer.

Interested buyers can check out the latest listings for Bagnall Haus properties and ask for assistance from Buddy, a user-friendly platform designed to provide seamless property search experiences.

To get a quick overview of the project, potential buyers can refer to the project summary for Bagnall Haus condo and compare the price trend of HDB, Condo, and Landed properties.

It is crucial for international investors to have a thorough understanding of the regulations and limitations surrounding property ownership in Singapore. Compared to landed properties, foreigners have more leniency when it comes to purchasing condominiums. However, they are still subject to the Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property acquisition. Despite this added expense, the reliable and promising growth of the Singapore real estate market remains a strong attraction for foreign investments. In fact, many foreign investors have chosen to invest in Singapore Projects due to its stability and potential for growth.

For those who are keen to explore other recently launched projects, they can compare price trends of Condo new sale and EC new sale on the website. Additionally, there is also information available on upcoming new launch projects to help buyers make informed decisions.…