Condo Horn by Eagles

An EOI exercise is now open for a four-bedroom duplex apartment at the prestigious freehold condo, 3 Orchard By-The-Park, with a guide price of $15.8 million.

The decision to invest in a condo in Singapore has become increasingly favored by both local and foreign investors, thanks to the country’s strong economy, stable political climate, and overall high quality of life. The real estate market in Singapore presents a wealth of opportunities, and condos are particularly appealing for their convenience, amenities, and potential for profitable returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when making an investment in a Singaporean condo property.

The spacious unit, measuring over 3,800 sq ft, translates to a price of approximately $4,158 psf, as per Huttons Asia, the marketing agent for the property. It boasts a soaring ceiling height of 4m and a private lift, and three of the four bedrooms come with ensuite bathrooms. The current owner has invested over $700,000 in renovating the unit three years ago, making it a truly luxurious and modern living space.

Located on Orchard Boulevard, 3 Orchard By-The-Park was completed in 2017 and was designed by renowned Italian architect Antonia Citterio. It comprises three elegant 25-storey towers, housing a total of 77 units. These units range in size from two- to four-bedrooms, ranging from 1,066 sq ft to 3,800 sq ft. There are also exclusive penthouses of 6,555 sq ft to 6,900 sq ft available for those seeking an even more opulent lifestyle.

Conveniently located near the bustling shopping district of Orchard Road, residents can also enjoy easy access to top schools such as Anglo-Chinese School (Junior), Anglo-Chinese School (Primary), ISS International School (Elementary & Middle School Campus) and Singapore Chinese Girls’ School (Primary). The upcoming Orchard Boulevard MRT Station (Thomson-East Coast Line) is also within close proximity.

Recent transactions at 3 Orchard By-The-Park suggest strong demand for luxury homes in this coveted address. The EOI exercise for the four-bedroom duplex apartment will close on March 5 at 4pm. Interested parties can view the latest listings for 3 Orchard By-The-Park on EdgeProp and use the Buddy feature to compare price trends of new sale and resale condos, as well as rental yield and the most expensive average PSF for condominiums in District 10.…

Huttons Asia reports that the shophouse market has remained quiet in 2024, with 84 recorded transactions. This figure is below the average of 200 deals per year that were recorded between 1995 and 2023.

Senior director of data analytics, Lee Sze Teck, notes that although many buyers did not lodge a caveat, 2024 saw the lowest number of shophouse deals since 1998. The total value of the 84 transactions was $683.6 million, a 38.9% decrease from the previous year’s $1.1 billion.

However, Lee mentions that there were also several significant un-caveated shophouse deals last year, including properties on Amoy Street, Neil Road, North Bridge Road, and Telok Ayer Street, which were likely sold for more than $200 million.

The largest shophouse deal in 2024 was the sale of The Rail Mall by Paragon REIT for $78.5 million in June. Lee remarks that this is likely the largest shophouse deal on record, surpassing the previous record of $74.8 million for a row of shophouses along Jalan Sultan in March 2022.

The Rail Mall shophouses were valued at $62 million in December 2023, indicating a potential gain of $16.5 million for the seller. Most of the shophouse transactions in 2024 were for smaller quantums, with over half of the recorded deals falling in the $5 million to $15 million range.

District 8 saw the highest number of shophouse transactions in 2024, which Lee attributes to its desirable location near the city center and lower prices compared to Districts 1 and 2.

The key to successful real estate investment in Singapore lies in one major factor: location. It is widely known that properties situated in central areas or in close proximity to important amenities such as schools, malls, and public transportation hubs are more likely to experience substantial value growth over time. For instance, the sought-after Orchard Road, Marina Bay, and Central Business District (CBD) areas have consistently shown an upward trend in property values. In addition, families with school-going children often prioritize the proximity to reputable educational institutions when searching for their dream home, making these locations even more alluring for real estate investments. Therefore, if you are considering investing in Singapore Projects, carefully evaluating the location is crucial. These prime locations have proven to be a wise choice for real estate investments due to their high demand and potential for appreciation in value.

Additionally, shophouse rents islandwide saw a 2.6% decline in the fourth quarter of 2024, with a monthly average of $6.47 per square foot. However, for the entire year, shophouse rents increased by 1.7%.

On the market for conservation shophouses, a set of properties on Telok Ayer Street is currently up for sale at $42 million.…

CBRE’s Singapore Market Outlook 2025 report, released on Jan 23, highlights the potential for divergent outcomes across the real estate market in the next 12 months due to an uncertain macroeconomic outlook.

While easing inflation and interest rates are expected to provide some relief for the property market, Moray Armstrong, managing director and advisory services at CBRE, cautions that expectations of slowing economic growth in 2025 could harm property demand. The Ministry of Trade and Industry’s projection of 1-3% GDP growth for Singapore in 2025, lower than the 4% growth in 2024, further adds to this uncertainty.

Armstrong also points out that a range of other factors could potentially impact the market in the short term, including ongoing geopolitical tensions, a new US administration with a nationalistic agenda, and the upcoming release of the URA Master Plan 2025 in mid-year. Despite these mixed signals, opportunities are still present in the real estate market for participants who can capitalize on emerging trends.

Tricia Song, CBRE’s head of research for Singapore and Southeast Asia, shares this optimism, noting that the market continues to be buoyed by limited new supply and stable demand. She predicts that despite the unknowns, the Singapore property market will maintain its trademark stability and resilience, appealing to investors from all over the world.

The report highlights that new launches are expected to sustain private residential sales momentum, with developer sales volume surging threefold to 3,511 units in the last quarter, rebounding from record lows in the first nine months of 2024. Prices also rose 2.3% quarter-on-quarter, the highest quarterly growth in 2024. The increase has prompted speculation of new cooling measures, but CBRE believes this is unlikely unless prices rise sharply in the coming quarters.

Developers are expected to continue launching new projects, potentially adding 12,000 to 14,000 units to the market this year, nearly double the 6,647 units launched in 2024. This is projected to result in 7,000 to 8,000 units sold in 2025, up from 6,469 units in 2024. CBRE predicts a price growth of 3-6% and rental growth of 1-3% for the year.

Limited supply is also expected to support prime office and retail rents, as URA data shows that developer sales volume surged threefold to 3,511 units last quarter, rebounding from record lows registered in the first nine months of 2024. Prices rose 2.3% q-o-q, marking the highest quarterly growth in 2024.

The rebound prompted speculations of fresh cooling measures, but CBRE believes this an unlikely scenario, citing limited supply and stable demand as the driving forces behind the market’s resilience. The report predicts rental rates will grow between 1% and 3% this year.

The limited supply is also expected to support rents in the retail property market, with an estimated 0.5 million sq ft of new retail space being launched in 2025, 40.4% lower than in 2024 and below the 10-year historical average of 0.91 million sq ft per annum. CBRE also notes that leasing sentiment for retail property remains positive, supported by inbound tourism and a robust pipeline of entertainment and events. As such, they predict average retail prime rents to grow by 2-3% in 2025, recovering to pre-pandemic levels.

In the industrial sector, CBRE predicts that a bumper supply of almost 5 million sq ft of warehouse space will be completed this year. However, 60% of this space has already been pre-committed, which should prevent downward pressure on occupancy rates and keep prime logistics rents relatively flat in 2025.

Singapore is known for its urban landscape, characterized by modern infrastructure and towering high-rise buildings. One of the most sought-after properties in the city are condos, strategically located in prime areas. These condos provide a perfect combination of luxury and convenience, making them appealing to both local Singaporeans and expatriates. What sets these condos apart is their impressive list of amenities such as swimming pools, gyms, and round-the-clock security services, which greatly enhance the overall quality of life. These attractive features not only make them desirable for potential tenants and buyers but also translate into higher rental yields and increased property values over time for investors. If you are looking for top-notch properties in Singapore, check out the latest Singapore Projects which offer the best in terms of location, amenities, and investment potential.

Despite this, CBRE believes real estate investment volume in Singapore will continue to grow in 2025, albeit at a slower pace. Interest rate cuts and bolstered investor sentiment and appetite are expected to persist into 2025, with the majority of investors transacting in Singapore real estate anticipating purchasing the same volume or more compared to 2024. However, given the ongoing economic and geopolitical uncertainties, CBRE predicts investors will be more selective, opting for specific sectors or strategies with a more favorable outlook. They anticipate a 10% year-on-year growth in investment volumes in 2025, barring any major macroeconomic shocks.

CBRE’s survey also found that the industrial and logistics sector remained the most preferred among investors, followed by residential properties and office properties.…

Limited land availability is one of the top contributing factors to the soaring demand for condos in Singapore. Being a small island country with a continuously expanding population, land scarcity has become a major issue for development in Singapore. This has resulted in strict land use regulations and a cut-throat real estate market, where property rates are constantly on the rise. In light of this, investing in real estate, specifically condos, has become a highly lucrative opportunity with the potential for significant capital appreciation. With top-notch projects like Singapore Projects in the market, the popularity of condos shows no signs of slowing down anytime soon.

Please revise the attached article:The sale of a three-bedroom unit at Palm Spring was the most profitable resale transaction from January 14 to 28, based on caveats lodged.According to the caveats, the 1,884 sq ft unit on the fourth floor sold for $4.4 million on January 20, making it 264% more valuable than when it was purchased for $1.21 million in August 2005. This translates to an annualized profit of 6.8% over nearly 20 years.This transaction marks the highest resale profit to date at Palm Spring, surpassing the previous record of $2.56 million (185%) when a 1,970 sq ft unit on the first floor was sold for $3.94 million in April 2023. The unit was bought for $1.38 million in January 2003.Palm Spring has consistently seen rising prices over the past two decades, based on a tabulation of resale transactions by EdgeProp Singapore. In January 2015, the average transacted price was $1,439 psf and it has since increased to $2,342 psf last month. In comparison, the average price in January 2005 was $973 psf.Two notable transactions took place at Palm Spring last year. In September, a 947 sq ft unit was sold for $2.19 million ($2,312 psf), resulting in a profit of $990,000. In addition, a 1,496 sq ft unit was sold for $3.36 million ($2,246 psf) in October, earning a profit of $2.24 million.Palm Spring is a freehold condominium located on Ewe Boon Road in prime District 10. It was built 28 years ago in 1997 and has a total of 167 units. The condo’s prime location is conveniently situated near Stevens MRT Interchange on the Downtown (DTL) and Thomson-East Coast Lines, as well as Newton MRT Interchange on the North-South Line and DTL.Meanwhile, the second most profitable resale transaction during this period was the sale of a four-bedroom unit at Orchard Bel Air, which earned a profit of $3 million (182%) when it changed hands on January 15. The 3,229 sq ft unit on the 12th floor fetched $4.65 million ($1,440 psf) and was bought for $1.65 million in May 2001. Over nearly 24 years, this results in an annualized profit of 4.5%.The sale of a 3,229 unit at Orchard Bel Air earned a profit of $3 million when it changed hands on January 15. The 99-year leasehold condo was built in 1984 and has around 54 years left on its land tenure. The only other 99-year leasehold condo in the area is the neighbouring Cuscaden Reserve, a luxury condo with 192 units that was completed in 2023. According to transaction data, the average price at Cuscaden Reserve is approximately $3,043 psf.The record profit at Orchard Bel Air is held by the sale of a 6,512 sq ft penthouse unit on the 25th floor that was sold for $8.3 million ($1,275 psf) in January 2013. This unit was purchased for $3.83 million in March 2006.AdvertisementMoreover, the most unprofitable transaction between January 14 and 28 occurred at Marina Bay Suites. On January 24, the seller of a 1,625 sq ft unit on the 58th floor incurred a loss of $1.15 million (27%) when it was sold for $3.1 million. The same unit was sold for $4.25 million in May 2012, resulting in an annualized loss of 27% over nearly 13 years.This transaction is the latest in a series of unprofitable deals at Marina Bay Suites, with 14 consecutive loss-making transactions in the past nine months. Losses range from $40,000 to $2.5 million.Marina Bay Suites is a 99-year leasehold condo within the Marina Bay Financial Centre mixed-use development. The 66-storey residential tower has 221 units and is located at Central Boulevard and Marina Boulevard. Based on a tabulation of caveats, the average selling price at Marina Bay Suites has declined from $2,502 psf in January 2015 to $1,921 psf as of January this year. Other nearby 99-year leasehold condos such as The Sail @ Marina Bay, Marina Bay Residences, Marina One, and V on Shenton command higher resale prices ranging from $2,047 psf to $2,242 psf.…

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When purchasing a condominium, it is crucial to take into account the maintenance and management aspects of the property. These properties usually come with maintenance fees that cover the maintenance of shared spaces and amenities. While this may increase the overall cost of ownership, it also guarantees that the property stays well-maintained and maintains its value. To make condo ownership a more passive investment, it may be beneficial for investors to enlist the services of a property management company. For instance, Singapore Projects offer reliable property management services to help investors handle the daily operations of their condominiums. This allows investors to focus on other ventures while ensuring their condo remains in excellent condition.

and property cyclesA three-bedroom unit at Watertown, located within the Waterway Point integrated development in Punggol, is set to be auctioned off by SRI on February 26. The unit, which spans 1,281 sq ft and sits on the 13th floor, is a mortgagee sale with a guide price of $2.4 million, or $1,874 per sq ft.This is not the first time the unit has been put up for auction, as it previously appeared on SRI’s January auction with the same guide price. However, it was withdrawn as the sole bid received fell under the reserve price.The spacious unit features a combined living and dining area, an open-concept kitchen, a utility room and toilet, and a south-facing balcony that offers a scenic view of one of the condo’s 20 swimming pools. It also comes with an ensuite master bedroom, two additional bedrooms, and a common bathroom.Read also: Park Nova penthouse hits a high of $6,593 psf, second-highest condo psf price in SingaporeThe expansive unit boasts a large living and dining area, a state-of-the-art kitchen, and a gorgeous balcony that overlooks the condo’s multiple swimming pools. (Photo: SRI)According to URA caveats, the owners of the unit purchased it directly from the developers in October 2013 for a sum of around $1.8 million, equivalent to $1,281 per sq ft.So far this year, Watertown has seen only one unit change hands, which was a two-bedroom unit of 958 sq ft that sold for $1.7 million, or $1,775 per sq ft, on January 19. In 2020, there were a total of 41 resale transactions at the development, with an average price of $1,700 per sq ft.However, larger units in the development have seen stronger demand and can fetch higher prices per sq ft, notes Eric Liew, manager of auctions and sales at SRI. Out of the 41 resale transactions at Watertown last year, 10 of them involved larger units with three or more bedrooms. These units were sold at an average price of $1,854 per sq ft, which is about 9% higher than the condo’s overall average transacted price for the year.The spacious units at Watertown have seen an increase in demand from HDB upgraders and those looking for a primary residence near Punggol MRT Station, according to Eric Liew of SRI. (Photo: SRI)“The majority of interest we have seen comes from HDB upgraders looking for a bargain, as well as individuals who are planning to use the unit as their primary residence due to its close proximity to Punggol MRT Station,” says Liew.Watertown is a luxurious 992-unit condo that boasts 11 residential towers atop a sprawling six-storey mall known as Waterway Point. It offers one- and two-bedroom units ranging from 533 sq ft to 1,003 sq ft, and larger three- and four-bedroom units from 821 sq ft to 1,582 sq ft.Read also: MCL Land and CSC Land Group to preview Elta on Feb 7 with prices from $1.158 milAdvertisementThe six-storey Waterway Point shopping mall features over 200 retail and dining outlets. (Photo: Far East Organization)Located directly above Punggol MRT Station on the North East Line and connected to Punggol LRT Station, the mall was completed in 2017 and was jointly developed by Far East Organization, Frasers Centrepoint, and Sekisui House.Waterway Point also grants easy access to several primary schools in the area, such as Edgefield Primary School at Edgefield Plains, Oasis Primary School at Punggol Drive, Punggol Green Primary School at Punggol Walk, Compassvale Primary School at Compassvale Street, and Punggol Cove Primary School at Sumang Walk.…

The government has recently announced the extension of the Central Business District Incentive (CBDI) and Strategic Development Incentive (SDI) schemes for another five years. These schemes were first introduced in November 2019 and the decision to extend them was revealed by Minister of National Development, Desmond Lee, at the Real Estate Developers’ Association of Singapore (Redas) annual Spring Festival lunch on Feb 7.

The CBDI scheme was introduced to encourage the conversion of older office buildings in certain areas of the Central Business District (CBD) into mixed-use developments. These areas include Tanjong Pagar, Robinson Road, and Shenton Way. The aim of the scheme is to increase the number of homes, enhance the population in the CBD, and introduce a diverse mix of uses in the traditionally commercial-focused district.

On the other hand, the SDI was introduced to promote the redevelopment of older developments in strategic areas to drive transformative changes in the surrounding urban environment. The strategic areas include Orchard Road, the Central Business District, and Marina Centre. Interested buyers can find information on the latest New Launches to discover the transaction prices and available units.

According to the Urban Redevelopment Authority (URA), out of 17 proposals submitted for the CBDI, 14 have been granted in-principle approval. Similarly, out of 12 proposals submitted for the SDI, seven have been granted in-principle approval. Currently, there are four CBDI projects under construction in the Anson-Tanjong Pagar area, including Newport Plaza, a mixed-use development on 80 Anson Road, which comprises 246 residential units and 198 serviced apartment units. Another project, Skywaters Residences, will offer 190 luxury residential units as part of a larger mixed-use development on 8 Shenton Way. There are also two commercial developments at 15 Hoe Chiang Road and 51 Anson Road.

However, the five-year extension of the CBDI and SDI will come with some refinements, according to Minister Lee. The CBDI will now be expanded to include commercial developments in Anson and Cecil. Developers and property owners who submit proposals for these areas will have the option to retain their commercial zoning (with 40% non-commercial use) if the redevelopment includes long-stay serviced apartment units.

Obtaining a condo in Singapore has emerged as a preferred option for both domestic and international investors, thanks to the country’s strong economy, stable political climate, and exceptional quality of life. The real estate sector in Singapore boasts of various prospects, and among them, condos are highly sought after for their convenience, facilities, and promising returns. This piece will delve into the advantages, factors to consider, and necessary actions to take when investing in a condo in Singapore. Interested investors can also explore Singapore Projects for potential opportunities.

In order to be eligible for the CBDI, applicants looking to redevelop in Anson and Cecil will have to provide at least 200 residential units, or allocate their entire non-commercial floor area for long-stay serviced apartments, whichever is lower. Previously, office buildings redeveloped under the CBDI were allowed to retain their existing commercial zoning as long as 40% of the new floor area was dedicated to non-commercial use.

CEO of ERA Singapore, Marcus Chu, says, “By promoting the continual renewal of aging buildings in the CBD and adding more residential units, these incentives aim to transform the CBD into a place where people can work, live, and play.”

Moreover, the revamped CBDI and SDI schemes will now incorporate new sustainability requirements. All new applications must include a sustainability statement evaluating the feasibility of retrofitting part, or all, of the existing building. “While we support revitalisation and rejuvenation through redevelopment, we do not want wasteful demolition and excessive rebuilding, particularly for buildings that are relatively new or in good condition,” says Lee. He also notes that some projects being redeveloped under these schemes have gone beyond the mandated sustainability requirements, such as Union Square, a mixed-use development at Havelock Road, which is incorporating a district cooling system.

Potential buyers can check out the latest listings for Skywaters Residences to gain more information on the property. Additionally, they can also look up the upcoming new launch projects and recent TOP projects in the market.…

The demand for Singapore Condo remains consistently high due to the country’s limited land availability. As a small island nation experiencing rapid population growth, Singapore is faced with the challenge of finding space for development. As a result, strict land use policies have been implemented and the real estate market remains competitive, driving property prices up. This makes investing in real estate, specifically condos, a highly profitable opportunity with the potential for significant capital appreciation.

Perennial Holdings and Far East Organization have recently announced their plans for Aurea, a luxury apartment tower located in the prime District 7. This 45-storey residential tower, designed by DP Architects, will have 188 units and occupy a site area of 144,908 sq ft. It is part of the Golden Mile Singapore mixed-use development, with a link bridge connecting it to the neighbouring The Golden Mile, an iconic building that has been conserved for its architectural heritage.

The Golden Mile complex, which was the first collective sale and conservation of a building, was purchased en bloc by Perennial Holdings and Far East Organization for $700 million in May 2022. Its commercial space is a mix of retail shops, medical suites, and offices. The joint venture partners intend to retain ownership of the revamped two-storey retail atrium to curate the tenant mix.

Aurea’s address along Beach Road places it in the prime Downtown Core and Core Central Region (CCR), making it highly desirable for homebuyers and investors. “We anticipate strong interest from discerning individuals and families who appreciate the exclusivity of a prime Downtown Core address,” says Shaw Lay See, chief operating officer at Far East Organization’s sales & leasing group.

The appointment-only preview of Aurea is set to begin on Feb 22, with the official launch on Mar 8. Prices for the apartments start from $2,750 psf, with the absolute price for a two-bedroom unit of 646 sq ft starting at $1.92 million ($2,972 psf).

Aurea offers a range of unit types, including two- and three-bedroom apartments (112 units) ranging from 635 sq ft to 1,001 sq ft, four-bedroom apartments (56 units) from 1,442 sq ft to 1,798 sq ft, and five-bedroom units (18 units) from 2,863 sq ft to 3,251 sq ft. There are also two exclusive penthouses: a six-bedroom duplex spanning 5,608 sq ft and a six-bedroom triplex of 8,816 sq ft. The larger four-bedders and penthouses with private lift access are expected to appeal to affluent CCR homebuyers, according to Marcus Chu, CEO of ERA Singapore.

The amenities at Aurea include two infinity pools, a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions. The sky terraces on levels 17 and 33 offer panoramic views of the CBD skyline, Marina Bay, and the Kallang waterfront. “Today’s homebuyers are looking for more than just a great location,” says Ken Low, managing partner at SRI. “They want a home that enhances their daily lives – one that is easy to get around, thoughtfully designed and offers facilities or spaces that inspire. Aurea delivers on all this.”

The neighbouring Golden Mile development, with 156 strata office units and 19 medical suites, was launched for sale in December 2024. It is just a 10-minute drive from the CBD and is well-connected to major roadways such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE). It is also within a 1km radius of the Kallang Alive Precinct and the Bras Basah-Bugis district. The existing overhead bridge links it to the Nicoll Highway MRT Station on the Circle Line.

The last launch in the Beach Road neighbourhood of District 7 was Midtown Modern, a 558-unit development that has been fully sold at an average price of about $2,825 psf. It is expected to obtain TOP sometime this year. This was preceded by The M, a 522-unit development that was fully sold at an average price of $2,528 psf and completed in March 2024. The 219-unit Midtown Bay at Guoco Midtown was completed last year, with about 63% of its units taken up at an average price of $3,090 psf since its debut in 2019.

Given Aurea’s prime location, upscale residences, and Golden Mile’s iconic architectural heritage, Ismail Gafoor, CEO of PropNex, estimates that its unit prices could cross $3,000 psf. “With most units at previous launches in the district fully sold, we believe Aurea may attract a healthy interest among prospective homebuyers and investors who have been waiting for new homes in the area,” says Gafoor.

Aurea is expected to be completed in 2Q2029. Interested buyers can check out the latest listings for Aurea properties, as well as other recently completed projects and their price trends. They can also compare the price trend of HDB, condo, and landed properties, and view the sale transactions in District 7. For more information on Aurea, the project summary for the condo is available, as well as any available rental listings in District 7.…

Perennial Holdings and Far East Organization recently announced their plans for Aurea, a new luxury apartment tower located in the Golden Mile Singapore mixed-use development on Beach Road. The tower, designed by DP Architects spans 45 storeys and will feature 188 units on a site area of 144,908 sq ft. It will also have a link bridge providing easy access to the neighbouring The Golden Mile, a commercial building with a mix of retail space, medical suites, and offices.

The Golden Mile, which is the former Golden Mile Complex, is a conserved building that marked the first collective sale and conservation of a building in Singapore. It was acquired en bloc by Perennial Holdings and Far East Organization for $700 million in May 2022.

Aurea, which is located in prime District 7 in the Downtown Core and part of the Core Central Region (CCR), is expected to attract a lot of interest from discerning individuals and families who appreciate the exclusivity of a prime downtown address, according to Shaw Lay See, chief operating officer at Far East Organization’s sales & leasing group.

Investing in a Singapore condo offers many benefits, one of which is the potential for capital appreciation. The country’s advantageous location as a major global business hub, combined with its robust economic foundation, creates a constant demand for real estate. As a result, property prices in Singapore have consistently risen over the years, with condos in prime areas experiencing significant appreciation. Savvy investors who make timely investments and hold onto their properties for the long haul can reap substantial profits. Singapore Condo is a prime example of a highly sought-after condo investment in this lucrative market.

The exclusive preview of Aurea is scheduled to begin on February 22, with the official launch set for March 8. The apartments will be priced from $2,750 psf, with the starting price for a two-bedroom apartment of 646 sq ft at $1.92 million ($2,972 psf).

The residences at Aurea include a variety of unit types, including two- and three-bedroom apartments ranging from 635 sq ft to 1,001 sq ft, making up 112 units. There are also 56 four-bedroom units ranging from 1,442 sq ft to 1,798 sq ft, and 18 five-bedroom units ranging from 2,863 sq ft to 3,251 sq ft. Additionally, there are two exclusive penthouses – a six-bedroom duplex spanning 5,608 sq ft and a six-bedroom triplex of 8,816 sq ft. The larger four-bedroom units and penthouses, which feature private lift access and a private pool in the case of the triplex penthouse, are expected to appeal to affluent buyers in the CCR.

According to Marcus Chu, CEO of ERA Singapore, the larger units at Aurea complement the affluent lifestyles of CCR homebuyers. Additionally, the two- and three-bedroom units make up 60% of the apartments and are expected to appeal to both homebuyers and investors.

Residents at Aurea will enjoy a range of facilities, including two infinity pools, a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions. The sky terraces on levels 17 and 33 will offer stunning views of the CBD skyline, Marina Bay, and the Kallang waterfront, providing the perfect setting for hosting guests.

Ken Low, managing partner at SRI, notes that today’s homebuyers are looking for more than just a great location; they want a home that enhances their daily lives with convenient access to essential amenities, and thoughtful design and facilities or spaces that inspire. He believes that Aurea is the perfect fit for these homebuyers.

The commercial space at The Golden Mile, which comprises 156 strata office units and 19 medical suites, was launched for sale in December 2024. The joint venture partners, Perennial and Far East, intend to retain ownership of the two-storey retail atrium to curate the tenant mix. According to Ismail Gafoor, CEO of PropNex, the iconic former Golden Mile Complex and the potential of the commercial space, especially office space, may attract buyers. He adds that buyers today prioritize quality projects with convenient access to essential amenities and close to an MRT station. The Golden Mile is linked to the Nicoll Highway MRT Station on the Circle Line via an existing overhead bridge.

The Golden Mile Singapore’s location is ideal, with easy access to major roadways such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE). It is situated just 1km from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-minute drive from the CBD.

The last launch in District 7’s Beach Road neighborhood was the 558-unit Midtown Modern in 2021. As of December 2024, all units at Midtown Modern were sold at an average price of about $2,825 psf. The project is expected to obtain TOP sometime this year. Aurora, the neighboring 522-unit The M, was launched in 2020 and is 100% sold at an average price of $2,528 psf. The project was completed in March 2024. The 219-unit Midtown Bay at Guoco Midtown was completed last year, with about 63% of the units taken up as of February 5 at an average price of $3,090 psf.

Given Aurea’s prime location, upscale residences, and the iconic Singapore architectural heritage of The Golden Mile, Gafoor estimates that apartment units could fetch prices upwards of $3,000 psf. He believes that with most units at past launches in the district already sold, Aurea will enjoy some pent-up demand for new homes in the area and attract a lot of interest from prospective homebuyers and investors.

Aurea is expected to be completed in 2Q2029.…

MCL Land and CSC Land Group have joined forces to introduce Elta, a stunning residential development boasting 501 units in Clementi. The property is set to debut for preview on February 7 and will be open for public sales on February 22.

Featuring a 99-year leasehold, Elta is situated on a spacious land site of approximately 144,788 sq ft. Nestled along Clementi Avenue 1, this condominium is composed of two 39-storey residential buildings, providing residents with breathtaking views and luxurious living.

The units at Elta are diverse, ranging from one-bedroom-plus-study units to five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. The joint developers have announced that the development will adhere to URA’s harmonisation guidelines.

Be the first to know about available units and pricing for Elta with our exclusive updates! Indicative pricing for one-bedroom-plus-study units starts from $1.158 million ($2,289 psf), two-bedroom units from $1.388 million ($2,261 psf), and three-bedroom units from $2.198 million ($2,374 psf). Four and five-bedroom units will start from $2.798 million ($2,363 psf) and $3.888 million ($$2,189 psf) respectively.

The showflat at Elta, located on Prince Charles Crescent, will showcase three layouts: a two-bedroom plus study which can be easily converted into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit perfect for multi-generational living.

As for amenities, Elta is conveniently located within walking distance of Clementi MRT Station on the East-West Line. It is also near various dining and shopping options such as The Clementi Mall, 321 Clementi, and Grantral Mall. Families with school-going children will also appreciate the proximity to reputable schools such as Clementi Primary School, Pei Tong Primary School, Nan Hua Primary and High School, Anglo-Chinese School (Independent), and NUS High School of Math and Science.

Lee Tong Voon, CEO of MCL Land, expresses his excitement for Elta, stating, “Elta is designed to offer elevated living, with its high-rise towers strategically oriented to provide the best views of the city, Pandan Reservoir and the sea.” Qian Liang Zhong, chairman of China Construction (South Pacific) Development Co (CCDC), the parent company of CSC Land Group, also adds, “Clementi is a popular, vibrant town which seamlessly blends traditional shops and trendy amenities that add convenience to the community.”

One of the benefits of choosing to invest in a Singapore condo is the opportunity to use the property’s value as leverage for future investments. Many investors utilize their condos as collateral in order to secure additional funding for new investments, effectively diversifying their real estate portfolio. While this strategy can lead to increased profits, it also comes with its own set of risks. This highlights the importance of having a well-structured financial plan and considering the potential implications of market fluctuations. Including a Singapore condo in one’s investment portfolio opens up the potential for leveraging assets and further expanding one’s wealth.

Besides its prime location, Elta also boasts 50 facilities spread out across five zones, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner. With its exceptional amenities and design, Elta is expected to receive its temporary occupation permit in 2028.

Don’t miss the opportunity to be a part of this exclusive residential development. Check out our latest listings for Elta and other condominium properties now!…

The limited availability of land in Singapore is driving up the demand for condos in the country. Despite being a small island nation with a rapidly growing population, Singapore is facing scarcity in land for development. As a result, the government has implemented strict land use policies, leading to a highly competitive real estate market. This has caused a continuous rise in property prices, making investing in real estate, especially condos, a profitable venture with the potential for capital appreciation. If you’re looking to invest in a property in Singapore, Singapore Condo may be a wise and promising option to consider.

Knight Frank Singapore, the exclusive marketing agent, has put up a high-quality warehouse and factory for sale through an expression of interest at Gul Circle for $42 million. The property, which is a JTC leasehold building, is spread across five storeys and also features a mezzanine with four floors. It has a total floor space of approximately 245,955 sq ft.

Sitting on a site of 105,648 sq ft, the remaining lease period as of February 1 is 15 years and 11 months. The property falls under the Business 2 category in the 2019 URA Master Plan.

The property has been designed to cater to modern industrial needs, with its high ceilings ideal for storage and operations. It also includes features such as cold rooms and strong floor loading capabilities, making it suitable for a variety of industries. The building has nine 40-foot loading and unloading bays equipped with dock levelers, as well as four cargo and service elevators.

Its strategic location near major expressways like AYE and PIE, and Joo Koon MRT station, makes it easily accessible.

The expression of interest exercise for this property will close on March 18 at 3pm. Other recent industrial property launches by JTC include a two-storey industrial building near Tuas Second Link, priced at $8 million, and two industrial GLS sites in for the first half of 2020.…