Month: February 2025

Investing in a condo in Singapore has become a top choice for both domestic and international investors, driven by the country’s thriving economy, stable political climate, and excellent quality of life. The real estate market in Singapore is rich with opportunities, but condos stand out for their convenience, facilities, and potential for attractive returns. In this article, we will delve into the advantages, factors to keep in mind, and key steps involved in investing in a condo in Singapore through the Condo program.

JustCo’s luxury brand, The Collective, has recently launched its first flagship co-working space in Tokyo, as stated in their press release on February 19. This new space, spanning 24,000 square feet, can be found in GranTokyo South Tower, a towering 42-storey building located in the bustling Marunouchi district in Chiyoda City ward. The prime location of the building, conveniently next to Tokyo Station, provides easy access to both Narita and Haneda airports.

According to The Collective, the design of the co-working space is inspired by Tokyo Station, showcasing the elegance and warmth of a luxury voyage. The group further mentions that the space is a tribute to the iconic train station.

Aside from a hot desk area and meeting rooms, The Collective boasts private suites with round-the-clock secured access and larger enterprise suites with exclusive entrance features and customized designs. All workspaces are fully furnished with Herman Miller Aeron chairs and Benel adjustable desks, ensuring maximum comfort and productivity for all members.

Apart from its top-notch workstations, The Collective also offers various amenities to cater to the needs of its members. These include a TWG Tea Bar that serves refreshments throughout the day, and a “wellness sanctuary” where members can take a break from work and recharge.

The opening of The Collective’s first flagship space in Tokyo is a testament to JustCo’s continuous expansion in the global co-working market. The company aims to provide a luxurious and productive workspace for its members, while fostering a collaborative community within the flexible workspace industry. In line with this, JustCo has also recently opened a second location of their co-working space, The Great Room, in Australia.…

Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage choices available, but it is crucial to understand and abide by the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can obtain, taking into account their income and current debt obligations. Thus, it is essential for investors to seek the advice of financial experts or mortgage brokers to make well-informed decisions and prevent taking on excessive debt. As you explore New Condo Launches, be sure to keep the TDSR in mind when securing financing.

CT Pemimpin, a freehold B1 industrial development located at 43 Jalan Pemimpin in the Central Region, has been recently launched by Chiu Teng Group, renowned for its development of quality commercial and industrial spaces in Singapore. The strategic location of CT Pemimpin in the heart of District 20 makes it an ideal choice for companies seeking excellent accessibility and property investors looking for a rare permanent investment opportunity. The nine-storey, partial ramp-up factory features sustainable elements and communal facilities, including two rooftop pavilions for outdoor events and meetings for tenants and occupants, rooftop solar panels, two passenger lifts, and a service lift. The development comprises of 56 strata-titled units and three canteen units, with varying floor heights and equipped with individual toilets for occupiers’ convenience and privacy. The development also offers a generous one-to-one car park ratio with 59 car park lots, including two electric vehicle charging lots, as well as two loading and unloading bays and a lorry park for vehicles under 7.5m. According to ERA Singapore CEO Marcus Chu, CT Pemimpin will attract both property investors and end-users due to its location, freehold status, and scarcity in the market. Property investors will be drawn to the development due to the absence of Additional Buyer’s Stamp Duty (ABSD) and diversification of risks, while business owners are likely to purchase their own space instead of renting, particularly since the development is freehold. SRI managing partner Ken Low added that CT Pemimpin stands out from traditional B1 industrial developments due to its modern facade and central location, which is highly desired by entrepreneurs and their employees. The freehold status also makes CT Pemimpin a rare find in the market, as most industrial developments have a 30-year or 60-year lease. Moreover, the development will appeal to family offices, companies in the information and communications media industries, and discerning investors seeking good-value assets with long-term potential. Investors purchasing commercial and industrial properties are not subject to ABSD, making them more attractive to foreigners and investors. CT Pemimpin’s strategic location offers unparalleled connectivity and accessibility to all parts of Singapore via public and private transportation. It is only a five-minute walk from Marymount MRT station (Circle MRT Line), a five-minute drive from Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line), and is easily accessible via PIE and CTE expressways. In addition, the upcoming completion of the North-South Corridor in phases from 2027 will further reduce travel time from the north into the city. Nearby townships such as Bishan, Upper Thomson, and Ang Mo Kio offer a wide range of retail and dining options at popular malls such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. Reputable schools, including Raffles Institution, Catholic High School, and Eunoia Junior College, are also within close proximity, making it convenient for parents to drop off their children before heading to work. Established in 1999, Chiu Teng Group has established itself as a trusted property developer and builder, particularly in the industrial and commercial sectors. Its extensive portfolio includes various well-received industrial developments such as CT FoodNEX, CT Foodchain, Tagore8, CT Hub & CT Hub 2, as well as residential projects such as The Creek@Bukit. The preview of CT Pemimpin will commence on February 21 2025. Don’t miss this opportunity to secure a rare freehold industrial space. Contact 8100 8017 or visit Chiu Teng Group for a viewing.…

Conveniently located at Lentor Hills, Lentor Central Residences will be showcasing its 477-unit development on Feb 21. Hong Leong Holdings, GuocoLand, and CSC Land have come together to create this project, which is expected to be launched on March 8.To cater to the different needs of potential buyers, the project will offer a mix of one- to four-bedroom units that range in size from 463 sq ft to 1,399 sq ft. Those interested can find more information and prices for available units at Lentor Central Residences.AdvertisementThe developers have shared that the starting price for a one-bedroom unit will be $975,000 (with a price per square foot of $2,110). Meanwhile, a two-bedroom unit will start at $1.38 million ($2,050 psf). For families, there are three-bedroom units starting from $1.81 million ($1,984 psf), and four-bedroom units from $2.37 million ($2,000 psf).Several facilities and amenities are available at Lentor Central Residences, including a 50-meter Infinity Edge Pool, a 25-meter Lap Pool, and Leisure Pools. Families with young children can take advantage of the onsite childcare center and children’s playground. Other condo amenities include a resident’s clubhouse, a gym and yoga room, a tennis court, and more.The project is strategically located near Lentor MRT Station, offering easy access to work and play in the city. It is also in close proximity to a variety of retail and dining options, such as Lentor Modern, Thomson Plaza, eateries along Upper Thomson Road, and the Springleaf estate.“We believe the new Lentor Hills enclave is on the cusp of significant growth and is poised to become one of Singapore’s most sought-after districts for homebuyers,” says Betsy Chng, head of sales and marketing at Hong Leong Holdings. “Together with our partners, we are realizing a vision of premium homes that are sensitively priced where units are sold based on livable space.”The development’s sales gallery is located on Lentor Hills Road. Interested buyers can find out more about Lentor Central Residences properties and compare prices with other properties in the area.

The bustling city of Singapore boasts a skyline filled with towering structures and cutting-edge developments. Among these are the highly coveted condominiums situated in prestigious locations, offering a fusion of opulence and practicality that entices both locals and foreigners alike. These properties boast impressive facilities, such as swimming pools, fitness centers, and security services, elevating the standard of living and making them a desirable choice for potential renters and buyers. For investors, these sought-after features equate to promising rental returns and the potential for long-term property appreciation. To further explore the diverse range of condominium options in Singapore, check out the latest Singapore Projects.…

SRI has recently announced a partnership with Redbrick Mortgage Advisory to further enhance the capabilities of its salespersons. This collaboration will provide SRI agents with advanced mortgage training to better assist homebuyers in their financing options.

Through this partnership, Redbrick will equip SRI agents with the latest mortgage strategies, enabling them to act as trusted advisors and present tailored financing solutions to clients. This will ensure that buyers make well-informed decisions when purchasing a property.

When purchasing a condominium, it is crucial to take into account the maintenance and management of the property. Most condos charge maintenance fees that cover the maintenance of shared spaces and amenities. Although these fees may increase the total cost of ownership, they guarantee that the property stays well-maintained and maintains its value. Bringing in a property management firm can assist investors in managing the daily operations of their condos, making it a more hands-off investment. Additionally, staying updated on new condo launches, such as those at National Athletic Combine, can provide investors with even more options for their investment portfolio.

“We are excited to partner with SRI as this will empower their salespersons to become trusted advisors in the real estate industry. With our expertise, we can provide customized financing solutions to clients, making their property-buying journey a smoother and more informed one,” says Eugene Huang, CEO of Redbrick.

In addition, Redbrick will also provide SRI agents with a comprehensive database of mortgage rates from over 15 financial institutions, which will be regularly updated to reflect any changes in the market. This will enable SRI agents to provide their clients with the most up-to-date financing options, ensuring that they are well-informed and can make efficient decisions.

“We are constantly looking for ways to enhance our services and add value to our clients. By partnering with Redbrick, we can provide our SRI agents with the latest mortgage data and expertise, enabling them to better assist clients in their property-buying journey,” says Thomas Tan, CEO of SRI.

With this collaboration, SRI aims to elevate the standard of service provided by its salespersons, making the property-buying experience a seamless and well-informed one for clients.…

Frasers Property Singapore has put the retail podium of Sky Eden@Bedok up for sale through an expression of interest (EOI) exercise. Strategically located in Bedok Central, this mixed-use development is a prized investment opportunity with a guide price of $45.2 million.

The retail podium is made up of 12 strata retail units on the ground floor, covering a total strata area of 11,193 sq ft. This translates to a guide price of $4,038 psf. The units can be sold as a portfolio, individually, or in clusters. They range in size from 398 sq ft to 1,313 sq ft and are priced from $1.91 million to $5.55 million. All units are approved for F&B use.

Sky Eden@Bedok is currently under construction and is expected to be completed in 4Q2025. The development, with a 99-year lease, comprises 158 residential units across two 16-storey towers, sitting on a retail podium. It is a short walk to the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange connected to Bedok Mall.

Launched in September 2022, Sky Eden@Bedok is the first private residential project in Bedok Town Centre in a decade. All residential units have been fully sold since then. This makes it a rare opportunity for investors to acquire commercial properties in this tightly held residential enclave.

When contemplating an investment in a condominium, it is essential to also evaluate its potential rental yield. This pertains to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary significantly, depending on several factors such as location, property condition, and market demand. Generally, areas near business districts or educational institutions tend to offer higher rental yields due to a strong demand for rentals. It is crucial to conduct thorough market research and seek guidance from real estate agents to gather valuable insights into the rental potential of a particular condo. To stay updated on new condo launches and investment opportunities, it is advisable to also keep an eye on New Condo Launches.

According to Michael Tay, CBRE’s head of capital markets for Singapore, Sky Eden@Bedok’s retail units are an attractive proposition for a wide range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers looking to enter the commercial space of a sought-after residential area. The EOI for the retail podium will close on April 3 at 3pm.

For more information on Sky Eden@Bedok and to view the latest listings, check out Ask Buddy. You can also find 2-bedroom floor plans and the site plan and diagrammatic chart for the development. Get insights into condo sale transactions in District 16 and projects that have recently obtained TOP. Total number of units in Sky Eden@Bedok is also available for your reference.…

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The Housing and Development Board (HDB) has announced the selection of over 29,000 flats for the latest round of the Home Improvement Programme (HIP). In a press release on February 16, the HDB revealed that over $407 million has been allocated for the upgrading works.

According to the HDB, the selected flats are located in Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh, and Woodlands.

The HIP was first introduced in 2007 to address common maintenance issues in older flats that arise due to wear and tear. Since then, a total of 494,000 flats or nine in 10 eligible flats have been selected for the programme, with close to 381,000 flats undergoing upgrades, revealed Minister for National Development Desmond Lee.

Optional improvements such as upgrades to existing bathrooms and toilets, a new entrance door and grille gate, and a new refuse chute hopper are also available for flat owners. These optional improvements are subsidised by the government, with Singapore citizen households paying as low as 5% of the cost, depending on the flat type.

Apart from the HIP, the Enhancement for Active Seniors (Ease) programme has also been offered since 2012. Under Ease, flat owners can opt for senior-friendly fittings such as grab bars, ramps, and slip-resistant treatment for toilet and bathroom tiles. The government covers up to 95% of the costs for Singapore citizen households.

Since their launches, the government has allocated approximately $4 billion to the HIP and around $150 million to the Ease programme as of March 31, 2014, according to HDB.

Interested in purchasing an HDB property? Check out the latest listings for HDB properties and get information on past HDB sale and rental transactions, HDB loan versus bank loan options, the current HDB loan rate, and price trends for HDB, Condo, and Landed properties.

In Singapore, towering skyscrapers and state-of-the-art infrastructure dominate the cityscape. These are accompanied by luxurious condominiums, strategically situated in sought-after locations, making them an irresistible choice for both locals and foreigners. Featuring an array of facilities like swimming pools, fitness centers, and top-notch security, these condos elevate the overall standard of living and are highly sought after by potential renters and buyers. For investors, these desirable amenities equate to greater rental returns and long-term growth in property value. Add Singapore Condo to rewritten paragraph

Moreover, a report by OrangeTee predicts an increase of 4% to 6% in HDB resale prices by 2025. Meanwhile, a five-room flat in Toa Payoh that is 13 years old was recently sold for $1.3 million. With the next BTO exercise scheduled for February 2025, there will be fewer available flats compared to the October BTO exercise.…

Understanding the laws and limitations surrounding property ownership in Singapore is crucial for international investors. Unlike landed properties, which come with stricter ownership regulations, foreigners are typically able to purchase condos with fewer restrictions. However, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property acquisition. Despite these added expenses, the steady and promising growth of Singapore’s real estate market continues to entice foreign investment. Consider checking out condo options when looking to invest in Singapore’s property market.

A 3,391 square feet strata-titled unit, which has been approved for restaurant use, has recently been listed for sale at Bukit Timah Plaza mall. The asking price for this property is $9.8 million, which translates to a rate of $2,890 per square foot. This reflects a 12% discount from the previous listing price of $11 million in the third quarter of 2022, according to Clemence Lee, CBRE’s executive director of capital markets, who is responsible for marketing the property.

The unit, located on the basement two level of the mall, boasts a 20-metre frontage facing the central plaza. According to Lee, the unit is currently fully leased and will be sold with its existing tenancy. With a 99-year lease from 1976, the unit still has a remaining lease of 50 years.

The pricing of this unit is consistent with the last two transactions that took place in basement two of the mall. In March 2024, a 441 square feet unit was sold for $1.43 million at a rate of $3,240 per square foot, while an 850 square feet unit was sold for $2.5 million at a rate of $2,940 per square foot, based on lodged caveats.

Bukit Timah Plaza is a mixed-use development completed in 1979, comprising a four-storey retail mall and two apartment blocks with 269 residential units at Sherwood Towers. The mall is a popular destination in Bukit Timah, featuring one of the largest Fairprice Finest supermarkets in Singapore, spanning over 44,000 square feet, notes CBRE.

Conveniently located at 1 Jalan Anak Bukit, the mall is within walking distance of Beauty World and King Albert Park MRT stations on the Downtown Line. It is also surrounded by numerous private residential developments, with an estimated population of approximately 37,000.

The mall is also in close proximity to various educational institutions, such as the Singapore Institute of Technology (SIT), Singapore Institute of Management (SIM), Ngee Ann Polytechnic, Methodist Girls’ School, and Pei Hwa Presbyterian Primary School.

Bukit Timah Plaza is situated in the Beauty World area, which has been undergoing a rejuvenation with the addition of new mixed-use and integrated developments. These include the upcoming The Reserve Residences and the redevelopment of the former Bukit Timah Market and Food Centre, expected to be completed by late 2029.

The unit is currently being offered for sale through an expression of interest, with the closing date set for March 19. Interested buyers can check out the latest listings for Bukit Timah Plaza and Sherwood Towers properties.…

A pair of adjacent strata retail units at Peninsula Plaza are currently on the market for an asking price of $10.9 million. These 999-year leasehold units, located on the ground floor, boast a prominent frontage along North Bridge Road.

The strata area of each unit measures at 538 sq ft and 581 sq ft respectively, bringing the total combined area to 1,119 sq ft. This translates to an asking price of $9,741 psf based on the strata area. The units are currently tenanted until 2026, offering investors a 3% gross rental yield.

“The two units are arguably the best within the development in terms of street frontage, benefitting from consistently strong footfall every day,” says Nick Chan, Savills Singapore’s associate director of investment sales & capital markets. He is handling the sale of the units on a private treaty basis.

Peninsula Plaza is a 999-year, 30-storey mixed-use commercial building featuring a six-storey retail podium and a 24-storey office tower that was built in 1980. Its strategic location along North Bridge Road, Coleman Street, and Coleman Lane give it high visibility and accessibility. The building also has a sheltered link to City Hall MRT Interchange Station for the North-South and East-West lines.

The last transaction for a ground-floor retail unit at Peninsula Plaza was in August 2022, when a 452 sq ft unit was sold for $4.08 million ($9,025 psf) based on a lodged caveat.

Ever since the URA implemented restrictions on strata subdivision of commercial properties in the CBD and Orchard corridors in March 2022, Chan notes that there has been an increase in demand for strata-titled units with 999-year and freehold tenures. This makes the two units at Peninsula Plaza even more sought-after.

When it comes to real estate investments, location is key, and this is particularly evident in Singapore. Condominiums strategically located in central areas or near important amenities such as schools, shopping centers, and public transportation hubs have a higher chance of increasing in value. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown a strong growth in property values. Additionally, being in close proximity to reputable schools and educational institutions only adds to the appeal of these condos, making them highly sought-after by families and further solidifying their potential as a smart investment choice. For more information on Singapore’s top real estate projects, visit Singapore Projects.

Don’t miss the opportunity to own a piece of prime strata retail space at Peninsula Plaza. Contact Savills for more information on the units currently available.…

When the team at Brand New Land had the idea to incorporate elements from Good Class Bungalows into their luxurious semi-detached homes, they turned to Pau Loh, the managing director of Tellus Design. As an established name in the GCB design industry, the two have a 30-year history of working together. Together, they have created a collection of four semi-detached homes in Bukit Timah and Upper Bukit Timah, each with features inspired by the best practices of GCB homes.

With a generous frontage of over 24m, the semi-detached homes at 23 & 23A Maple Avenue are a prime example of the thoughtful design elements taken from GCB homes. The homes at 25 & 25A Jalan Selanting and 23 & 23A Maple Avenue are known as “The Great Trees Collection” due to their incorporation of nature and its legacy. These homes range in land size from 2,790 to 3,130 sq ft and each come with a lift, swimming pool, and gourmet kitchen provisions.

Investing in a condo can provide numerous advantages, including the opportunity to leverage its value for future investments. A common approach among investors is using their condo as collateral to secure additional financing for new ventures, thereby expanding their real estate portfolio. While this tactic can significantly increase profits, it also carries potential risks. It is crucial to have a solid financial plan in place and carefully consider the potential impact of market fluctuations. By carefully managing these factors, condo investment can be a successful and lucrative venture.

In line with Brand New Land’s focus on providing value for their customers, the homes are reasonably priced within the bank valuation range, leaving room for growth potential for buyers.

Dedicated Zones

One of the GCB design elements incorporated into the semi-detached homes is the concept of dedicated spaces for different functions. These homes have distinct zones for receiving guests, dining, gourmet cooking, and various entertainment areas and living spaces for both larger or smaller groups. This creates an intimate setting for family and friends to be together while still having their own privacy and personal space.

Ceremonial Entrances

Another aspect taken from GCB homes is the idea of a ceremonial entrance. These homes each have their own private entryway framed by lush greenery, the calming sound and reflection of water, and warm and elegant building materials. This celebrates the transition from the outside world into the sanctuary of their own home.

Luxe Architecture, Rich Materials

The homes also reflect Loh’s signature style, which is well-suited for GCB homes in Singapore’s tropical climate. The homes have wide eaves and deep recesses to provide shelter and cool interiors. The use of horizontal design elements, such as the wraparound golden sand facade treatment and horizontal planters, creates a sense of spaciousness and luxury.

The homes also feature a rich color palette with wood-grain finishes, marble, and high-end German bath fittings. These materials create a sense of quiet luxury within the homes.

Collaboration with Arclinea Singapore

Brand New Land is collaborating with luxury kitchen specialist Arclinea Singapore to create gourmet kitchen experiences in these homes. With both brands sharing the goal of inspiring everyday connections in extraordinary kitchen spaces, this partnership brings a special touch to the homes. Arclinea, known for its predominantly GCB clientele, adds a unique perspective to the kitchens at 25 Jalan Selanting and 23 & 23A Maple Avenue.

“We are blessed to work alongside Pau Loh, a very skilled and steady architect, who helped make it happen,” says Alvina, co-founder and director of Brand New Land Group. “We are very excited for the future that these homes will create for the lives they touch.”

To view these homes, call 8893 7602 or visit the Brand New Land website and social media pages for more information and updates. Interested parties can also email comehome@brandnewland.com.sg to explore potential collaborations or land redevelopment opportunities.…

SRI’s next auction on Feb 26 will feature a 99-year leasehold HDB shophouse located at 214 Serangoon Avenue 4. The two-storey shophouse comes with living quarters on the second floor and has a total floor area of about 1,668 sq ft. With a guide price of $1.98 million, the property translates to $1,187 psf on the floor area.

In summary, investing in a condo in Singapore presents a multitude of benefits, including strong demand, potential for significant growth in value, and appealing rental returns. However, it is crucial to carefully evaluate factors such as the location, financing options, government regulations, and overall market conditions. By conducting thorough research and seeking expert advice, investors can make well-informed decisions and maximize their profits in Singapore’s ever-evolving real estate market. Whether you are a local investor seeking to diversify your portfolio or a foreign buyer searching for a stable and lucrative investment opportunity, Singapore’s condo market offers a compelling choice.

This is the second time the property is being auctioned by SRI, with the previous attempt in January having a higher guide price of $2.08 million. However, it did not find a buyer. According to Jansen Kee, assistant manager of auctions at SRI, the shophouse’s prime location in front of a bus stop makes it highly visible from the road.

The shophouse is currently tenanted and is generating a gross rental yield of approximately 6.2% based on the guide price, says Kee. He also mentions that the unit will be sold with its existing lease, which ends in 2026, providing the new owner with an immediate stream of rental income.

Kee adds that the listed guide price for the HDB shophouse is one of the lowest in the area, making it an attractive value proposition for both investors and owner-occupiers. The most recent commercial shophouse transaction in Serangoon was the sale of a 999-year leasehold shophouse along Lichfield Road, which fetched $4 million in November 2024.

Located within a cluster of HDB flats near the Serangoon Gardens landed residential estate, the shophouse is directly across the road from Serangoon Swimming Complex and Serangoon Sports Centre, providing a steady stream of foot traffic. Additional carpark lots are also available behind the shophouse.

Interested buyers can refer to Ask Buddy, a feature on the property listing website, to find out more about the buyer profile and price trends of Serangoon Garden Estate properties. The completion year of Serangoon Garden Estate is also available for reference.…