Month: February 2025

A four-bedroom duplex apartment located in the freehold luxury condo, 3 Orchard By-The-Park, has been put up for sale through an expression of interest exercise (EOI). The unit comes with a guide price of $15.8 million and is marketed by Huttons Asia.

Investing in real estate requires careful consideration of various factors, with location being a critical element. This is particularly true in Singapore, where the right location can significantly impact the value of a property. Condos situated in central areas or in close proximity to important amenities, such as schools, shopping centers, and public transportation hubs, often experience higher appreciation in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values over time. Additionally, the presence of reputable schools and educational institutions in these areas makes condos even more desirable for families, making them an attractive investment option. In Singapore, choosing the right location, such as a Singapore Condo, can greatly impact the potential return on investment for real estate properties.

Measuring over 3,800 sq ft, the price per square foot (psf) works out to approximately $4,158. The unit boasts a ceiling height of 4m and a private lift, while three of the bedrooms have ensuite bathrooms. The unit underwent significant renovations three years ago at a cost of over $700,000, according to Huttons.

3 Orchard By-The-Park is a luxurious development located on Orchard Boulevard, which was completed in 2017. It was designed by renowned Italian architect Antonia Citterio and comprises three 25-storey towers housing a total of 77 units. These include two- to four-bedroom units ranging from 1,066 sq ft to 3,800 sq ft, as well as penthouses ranging from 6,555 sq ft to 6,900 sq ft.

The development boasts a prime location near Orchard Road, with top schools in the vicinity such as Anglo-Chinese School (Junior), Anglo-Chinese School (Primary), ISS International School (Elementary & Middle school Campus), and Singapore Chinese Girls’ School (Primary). The Orchard Boulevard MRT Station (Thomson-East Coast Line) is also conveniently located nearby.

Recent transactions at 3 Orchard By-The-Park show an average psf of $3,527, according to EdgeProp Buddy. The current EOI for the four-bedroom duplex apartment will close on March 5 at 4pm.

Interested buyers can find more listings for 3 Orchard By-the-park and other such condominium properties on EdgeProp Buddy. They can also compare the price trends of new sale condos and resale condos in the area and check out the rental yield for 3 Orchard By-the-park. The development is one of the most expensive in District 10 in terms of average psf, as seen on EdgeProp Buddy.

In other related news, an accused money launderer is facing seven new charges after splurging on luxury goods, bungalows, and luxury condos. Ticket sizes for CCR condos have also dropped by 20% in the last five months. Additionally, the last tower of 3 Orchard By-the-Park has been launched, with four units sold at a psf of $3,850 to $4,100.…

According to the latest quarterly research report by Huttons Asia, the shophouse market has remained subdued in 2024 with only 84 caveated transactions. This is below the yearly average of 200 deals recorded between 1995 and 2023.

Lee Sze Teck, senior director of data analytics at Huttons Asia, notes that while many buyers did not lodge a caveat, the number of shophouse deals is likely the lowest since 1998.

In terms of transaction volume and quantum, the 84 caveated transactions in 2024 had a total value of $683.6 million, which is a decrease of 38.9% from the $1.1 billion registered in the previous year.

However, Lee points out that there were also a number of substantial deals for shophouses on Amoy Street, Neil Road, North Bridge Road, and Telok Ayer Street that were not caveated last year. These deals are estimated to be worth more than $200 million.

The biggest shophouse deal in 2024 was Paragon REIT’s sale of The Rail Mall, a strip mall on Upper Bukit Timah Road with 43 shop units, for $78.5 million in June. This is believed to be the largest shophouse deal on record, surpassing the previous high of $74.8 million paid for a row of shophouses along Jalan Sultan in March 2022.

The Rail Mall shophouses were valued at $62 million in December 2023, which means the seller made an estimated gain of $16.5 million on the sale, according to Lee.

Most of the shophouse deals in 2024 were done at smaller quantums, with over half of the caveated deals valued at $5 million to $15 million. Almost half of the shophouse transactions were also concentrated in District 8, which Lee attributes to its desirable city-fringe location and lower prices compared to Districts 1 and 2.

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In conclusion, Singapore’s real estate market offers a multitude of benefits for investors seeking to purchase a condominium. These benefits include a high demand for properties, potential for capital growth, and attractive rental yields. However, it is crucial to carefully consider various factors, such as location, financing options, government regulations, and current market conditions. With thorough research and professional guidance, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate scene. Whether you are a local looking to diversify your investment portfolio or a foreign buyer searching for a stable and profitable venture, the condos in Singapore, including projects like Singapore Projects, present a compelling opportunity.

Meanwhile, rents for shophouses islandwide continued to moderate for a second consecutive quarter, falling 2.6% quarter-on-quarter to $6.47 per square foot per month in the fourth quarter of 2024. However, for the whole of 2024, shophouse rents were up by 1.7%.

Conservation shophouses along Telok Ayer Street are currently on the market for $42 million.…

CBRE’s Singapore Market Outlook 2025 report, released on January 23, forecasts divergent outcomes for the real estate market over the next 12 months due to an uncertain macroeconomic outlook.

On one hand, the property market is expected to benefit from easing inflation and interest rates. However, the potential for slowing economic growth in 2025 could dampen property demand, according to Moray Armstrong, managing director and advisory services at CBRE.

The Ministry of Trade and Industry is projecting Singapore’s GDP growth to be between 1% and 3% in 2025, down from the 4% growth recorded in 2024. This projection is based on advance estimates released in January.

Other factors that could potentially impact the market in the near term include ongoing geopolitical tensions, the economic agenda of the new US administration, and the release of the URA Master Plan 2025 in the middle of the year. Despite these mixed signals, there are still opportunities in the real estate market for those who can capitalize on emerging trends, says Armstrong.

CBRE’s head of research for Singapore and Southeast Asia, Tricia Song, shares a similar sentiment, noting that the property market continues to be supported by limited new supply and stable demand. Therefore, despite uncertainties, she predicts that the Singapore real estate market will demonstrate stability and resilience like it has in previous years, making it attractive to investors from around the world.

New residential launches expected to continue driving private residential sales momentum, with an estimated 12,000 to 14,000 new units potentially being launched this year – almost double the 6,647 units launched in 2024. This is expected to support price growth of 3% to 6% in 2025, in addition to rental rate growth of 1% to 3%.

When considering investing in Singapore’s condominiums, it is crucial to carefully weigh both the potential benefits and risks involved. In order to maintain a stable real estate market and discourage excessive buying for speculation, the government has implemented various property cooling measures. These measures, such as the Additional Buyer’s Stamp Duty (ABSD), primarily target foreign buyers and those purchasing multiple properties, imposing higher taxes to curb demand. While these measures may initially impact the profitability of condo investments, they ultimately contribute to the long-term stability of the market and create a secure investment environment. Despite these measures, there are still opportunities for investment in new condo launches, which add to the thriving market. It is highly recommended for potential buyers to keep an eye out for these new condo launches as they provide a promising avenue for investment in Singapore’s real estate market. For the latest information on new condo launches, please visit the National Athletic Combine website at https://www.nationalathleticcombine.com/.

However, CBRE believes that the possibility of fresh cooling measures being introduced is unlikely unless prices see a sharp acceleration in the coming quarters.

Limited supply is predicted to support prime office and retail rents, as only 0.58 million square feet of new office space is expected to be completed annually between 2025 and 2027 – less than half the 10-year annual average. This is also supported by limited supply in the retail market, which is expected to see rental growth of 2% to 3% in 2025 and a recovery to pre-pandemic levels.

In the industrial sector, expansion demand by occupiers was subdued in 2024, and rents for prime logistics properties have been consolidating. However, CBRE predicts that rents will stay relatively flat in 2025, as at least 60% of new prime logistics space has already been pre-committed.

On the capital markets front, CBRE expects real estate investment volumes in Singapore to continue growing, albeit at a slower pace of 10% year-on-year, due to ongoing economic and geopolitical uncertainties. The industrial and logistics sector remains the most preferred among investors, followed by residential and office properties.…

Palm Spring saw the most profitable resale transaction in the period of Jan 14 to 28, while Marina Bay Suites saw the most unprofitable resale transaction. The three-bedroom unit at Palm Spring sold for $4.4 million, marking a 264% profit from its purchase price in 2005. On the other hand, the 1,625 sq ft unit at Marina Bay Suites was sold at a loss of $1.15 million. This marked the latest unprofitable transaction in a streak of 14 consecutive loss-making deals at the 99-year leasehold condo. Meanwhile, a four-bedroom unit at Orchard Bel Air also saw a significant profit of $3 million when it was sold for $4.65 million. This marked a 182% profit from its purchase price in 2001. Overall, condominium prices at Palm Spring have consistently increased over the past 20 years, with the average transacted price reaching $2,342 psf in January 2021. Conversely, Marina Bay Suites has seen a decline in average selling prices, falling from $2,502 psf in January 2015 to $1,921 psf in January 2021.

Singapore has become a top choice for condo investment, but potential investors should also consider the government’s property cooling measures. In order to regulate the real estate market and prevent speculative buying, the Singaporean government has implemented various measures over the years. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment. For more information on condo investment opportunities in Singapore, check out projects available at Singapore Projects.…

Edited article:A three-bedroom unit located on the 13th floor of Watertown, part of the Waterway Point integrated development in Punggol, will be up for auction on Feb 26 by SRI.

This unit is a mortgagee sale, and spans 1,281 sq ft with a guide price of $2.4 million, which works out to about $1,874 per square foot (psf). The same unit was previously up for auction at SRI in January with the same guide price, but only received one bid below the reserve price and was subsequently withdrawn.

The unit features a combined living and dining area, an open-concept kitchen, a utility room, and a toilet. A south-facing balcony overlooks one of the development’s 20 swimming pools. The unit also offers an ensuite master bedroom, two more bedrooms, and a common bathroom.

Investing in condos has numerous advantages, and one of them is the opportunity to leverage the property’s worth for future investments. A majority of investors utilize their condos as a security to procure additional funding for new investments, effectively broadening their real estate portfolio. This approach has the potential to magnify returns, but it is important to note that it also carries certain risks. Therefore, having a solid financial plan in place and carefully considering the potential effects of market fluctuations is crucial. Additionally, considering new and upcoming Singapore projects can also help in expanding one’s investment portfolio and generating higher returns.

According to URA caveats, the unit was originally purchased from the developers for around $1.8 million ($1,281 psf) in October 2013. As of Feb 4, there has been one unit at Watertown that has been sold this year; a two-bedroom unit of 958 sq ft that was sold for $1.7 million ($1,775 psf) on Jan 19. In 2020, there were 41 resale transactions in the development, with an average price of $1,700 psf.

Eric Liew, SRI’s auctions and sales manager, notes that the larger units in Watertown are in higher demand and can command higher psf prices. Of the 41 resale transactions last year, 10 involved units with three or more bedrooms, which were sold at an average price of $1,854 psf. This is about 9% higher than the average transacted price for the development.

Liew adds that most of the interest for Watertown comes from HDB upgraders who are looking for a good deal and buyers who plan to use the unit as their primary residence, due to its close proximity to Punggol MRT Station.

Watertown consists of 11 residential towers and 992 units, situated above six levels of Waterway Point mall. The units range from one- to two-bedroom units of 533 to 1,003 sq ft, and larger units with three to four bedrooms of 821 to 1,582 sq ft.

Waterway Point is integrated with Punggol MRT Station, which is on the North East Line and is also connected to Punggol LRT Station. It was completed in 2017 and was a joint development by Far East Organization, Frasers Centrepoint, and Sekisui House.

The area also has several primary schools nearby, 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 announced by Desmond Lee, Minister of National Development (MND) at the Real Estate Developers’ Association of Singapore (Redas) annual Spring Festival lunch on Feb 7.

The main objective of the CBDI scheme is to encourage the conversion of older office buildings in certain areas of the Central Business District (CBD), namely Tanjong Pagar, Robinson Road, and Shenton Way, into mixed-use developments. This is in an effort to increase the number of homes, boost the residential population in the CBD, and introduce a greater diversity of uses in the traditionally commercial-centric district.

On the other hand, the SDI was introduced to encourage the redevelopment of older developments in key areas to catalyze transformative changes in the surrounding urban environment. These areas include Orchard Road, the Central Business District, and Marina Centre.

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

The five-year extension of the CBDI and SDI comes with some refinements to both schemes, according to Minister Lee. One of these changes is the extension of the CBDI to commercial developments in Anson and Cecil, where developers and property owners who submit proposals for buildings in these areas will have the option to retain their commercial zoning, with 40% reserved for non-commercial use, if the redevelopment includes long-stay serviced apartments. In addition, CBDI applicants who wish to redevelop in Anson and Cecil will need 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 keep their existing commercial zoning if 40% of the new floor area was set aside for non-commercial use.

In Singapore, having a good understanding of the rules and restrictions concerning property ownership is crucial for international investors. While foreigners have some leeway in purchasing condominiums, they face stricter regulations when it comes to buying landed properties. Additionally, all foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this extra cost, the real estate market in Singapore continues to show strong and promising growth, making it an attractive destination for foreign investment. This is evident in the ongoing influx of foreign funds into various projects in Singapore, such as those listed on Singapore Projects.

As Marcus Chu, CEO of ERA Singapore puts it, “By enabling the continual renewal of the many aging buildings in the city centre, and with the injection of more residential units, these incentives aim to make the CBD a place to work, live and play.”

In addition, the revised CBDI and SDI schemes will also include new sustainability requirements, and from now on, all new CBDI and SDI applications must include a sustainability statement assessing the viability of retrofitting part, or all, of the existing building. Minister Lee emphasized the importance of revitalizing and rejuvenating through redevelopment, but also stressed the need to avoid wasteful demolition and excessive rebuilding, especially for relatively young or well-maintained buildings. He pointed to several projects that are already going above and beyond the mandated sustainability requirements, such as Union Square, a mixed-use development at Havelock Road that includes a district cooling system.…

Aurea, a luxury apartment tower, was recently announced as part of the Golden Mile Singapore mixed-use development along Beach Road. On Feb 6, the joint venture partners Perennial Holdings and Far East Organization unveiled the plans for this 45-storey, 188-unit tower, which is designed by DP Architects and occupies a site area of 144,908 sq ft.

The Golden Mile, formerly known as Golden Mile Complex, has been conserved for its architectural heritage and is a commercial building with a mix of retail space, medical suites and offices. Perennial Holdings and Far East Organization purchased the building en bloc for $700 million in May 2022, marking the first collective sale and conservation of a building.

According to Shaw Lay See, chief operating officer at Far East Organization’s sales & leasing group, Aurea, with its prime address in District 7 and the Downtown Core, is expected to attract strong interest from individuals and families who appreciate the exclusivity of a prime location.

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

The apartments at Aurea consist of a variety of unit types, including two- and three-bedroom apartments (from 635 sq ft to 1,001 sq ft), four-bedroom units (from 1,442 sq ft to 1,798 sq ft), five-bedroom units (from 2,863 sq ft to 3,251 sq ft), and two exclusive penthouses (a six-bedroom duplex spanning 5,608 sq ft and a six-bedroom triplex of 8,816 sq ft). The four-bedroom units and penthouses will have private lift access, and the triplex penthouse will also come with a private pool. These larger units are expected to appeal to affluent buyers in the Core Central Region (CCR), according to Marcus Chu, CEO of ERA Singapore.

The majority of the apartments at Aurea (60%) consist of two- and three-bedroom units, which are expected to appeal to both homebuyers and investors, says Chu.

Residents at Aurea will have access to various facilities, such as two infinity pools (located on levels three and 33), a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions. Sky terraces on levels 17 and 33 will also offer panoramic views of the CBD skyline, Marina Bay, and the Kallang waterfront.

When it comes to investing in Singapore’s real estate, it is crucial for foreign investors to be knowledgeable about the regulations and limitations surrounding property ownership. In general, foreigners have more leeway when purchasing condos compared to landed properties, which have stricter ownership criteria. However, foreign buyers are still required to pay the Additional Buyer’s Stamp Duty (ABSD), currently set at 20%, for their first property purchase. Despite this extra expense, the stability and promising growth potential of the Singapore real estate market continue to attract foreign investments, making it an attractive option for those interested in owning a Singapore condo.

Ken Low, managing partner at SRI, believes that today’s homebuyers are looking for more than just a great location; they want a home that enhances their daily lives. Aurea offers just that with its well-designed units, convenient location, and top-notch facilities.

The commercial space at The Golden Mile, comprising 156 strata office units and 19 medical suites, was launched for sale in December 2024. The joint venture partners plan to retain ownership of the two-storey retail atrium to curate the tenant mix.

According to PropNex CEO Ismail Gafoor, the iconic Golden Mile Complex has a lot of potential, especially for the office space. He adds that today’s buyers prioritize quality projects with convenient access to essential amenities and an MRT station. The Golden Mile is conveniently linked to the Nicoll Highway MRT Station through an existing overhead bridge.

The last launch in the Beach Road neighborhood of District 7 was Midtown Modern, a 558-unit development that is now completely sold at an average price of $2,825 psf. Its neighbor, The M, a 522-unit development, was launched in 2020 and had a 100% sell-out rate at an average price of $2,528 psf. Midtown Bay, a 219-unit development at Guoco Midtown was completed recently, with about 63% of the units taken up at an average price of $3,090 psf since its launch in 2019.

Given its location, upscale residences, and iconic heritage, PropNex’s CEO Gafoor predicts that Aurea’s units could cross the $3,000 psf mark. He believes that the project will attract healthy interest among homebuyers and investors, given the high demand for new homes in the area.

Aurea is expected to be completed in 2Q2029.…

When considering the investment potential of a Condo in Singapore, one can expect promising capital growth. This small island country’s strategic positioning as a global business hub, combined with its strong economic foundation, creates a constant demand for real estate. Over the years, Singapore’s property values have consistently shown an upward trend, especially for Condos located in prime areas that have experienced significant appreciation. Those who wisely invest in the property market at the right time and hold onto their Condos for the long term can enjoy substantial capital gains. Condo is a valuable addition to any investment portfolio in Singapore.

On February 6, Perennial Holdings and Far East Organization revealed their plans for Aurea, a luxurious apartment tower that will be part of the Golden Mile Singapore mixed-use development along Beach Road.

Designed by DP Architects, Aurea will have 188 units spread across 45 storeys on a site area of 144,908 sq ft. The tower will also have a link bridge connecting it to the neighbouring The Golden Mile, a commercial building that includes retail space, medical suites, and offices.

The Golden Mile, previously known as Golden Mile Complex, is a conserved building that holds great architectural significance. It was also the first building to go through a collective sale and conservation process. In May 2022, Perennial Holdings and Far East Organization purchased the building en bloc for $700 million.

Aurea, with its prime location on Beach Road, is part of District 7 in the Downtown Core, which is considered to be part of the Core Central Region (CCR). “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 of Far East Organization’s sales & leasing group.

The appointment-only preview for Aurea will begin on February 22, with the official launch set to take place on March 8. The apartments will be priced from $2,750 psf, with two-bedroom units starting from $1.92 million for a 646 sq ft apartment ($2,972 psf).

Residents at Aurea will have a variety of unit options to choose from. The tower will have a total of 188 units, with 112 two- and three-bedroom apartments ranging from 635 sq ft to 1,001 sq ft, 56 four-bedroom units from 1,442 sq ft to 1,798 sq ft, and 18 five-bedroom units from 2,863 sq ft to 3,251 sq ft. The tower will also have two exclusive penthouses, a six-bedroom duplex spanning 5,608 sq ft and a six-bedroom triplex measuring 8,816 sq ft. The larger four-bedroom units and penthouses will feature private lift access, and the triplex penthouse will also include a private pool.

“These larger four-bedders and penthouses complement the affluent lifestyles of CCR homebuyers,” says Marcus Chu, CEO of ERA Singapore.

Meanwhile, the two- and three-bedroom units make up 60% of the apartments at Aurea. These units are expected to appeal to homebuyers and investors, adds Chu.

Residents at Aurea will also have access to a range of facilities, including two infinity pools on levels three and 33, a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions. Sky terraces on levels 17 and 33 are expected to offer stunning 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 features facilities or spaces that inspire. Aurea delivers on all this.”

The 156 strata office units and 19 medical suites at The Golden Mile were launched for sale in December 2024. The joint venture partners, Perennial and Far East, intend to retain ownership of the revamped two-storey retail atrium to curate the tenant mix.

“The former Golden Mile Complex is iconic,” says PropNex CEO Ismail Gafoor. “The potential of the commercial space, especially office space, may attract buyers.”

He adds that buyers today prioritize quality projects near an MRT station and convenient access to essential amenities. An overhead bridge currently connects The Golden Mile to the Nicoll Highway MRT Station on the Circle Line.

Nearby major roadways like Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE), Golden Mile Singapore is only 1km away from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-minute drive from the CBD.

The last launch in the District 7 neighbourhood was the 558-unit Midtown Modern in 2021. All units at Midtown Modern have been sold as of December 2024 at an average price of about $2,825 psf, and the project is expected to obtain TOP later this year.

Midtown Modern was preceded by the neighbouring 522-unit The M in 2020. The entire development is 100% sold at an average price of $2,528 psf and was completed in March 2024.

The 219-unit Midtown Bay at Guoco Midtown was completed last year. Since its debut in 2019, about 63% of the units have been sold as of February 5, 2022, at an average price of $3,090 psf.

Given Aurea’s prime location, upscale residences, and its proximity to the Singapore architectural heritage of Golden Mile, PropNex’s CEO Gafoor estimates that prices of the apartment units could surpass $3,000 psf.

“As most of the units at past launches in the district have been sold, we believe Aurea may enjoy some pent-up demand for new homes in the area and could attract healthy interest among prospective homebuyers and investors,” says Gafoor.

Aurea is expected to be completed in the second quarter of 2029.…

MCL Land and CSC Land Group will soon unveil their latest residential development, Elta. This 501-unit condo, located in Clementi, will be open for preview from Feb 7, with public sales launching on Feb 22.

Spanning approximately 144,788 sq ft, Elta is a 99-year leasehold development situated along Clementi Avenue 1. It features two 39-storey buildings, housing a range of units from one-bedroom-plus-study to five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. According to the joint developers, Elta will be constructed in accordance with URA’s harmonisation guidelines.

Interested buyers can find out more about available units and prices for ELTA. The 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 development’s showflat, located along Prince Charles Crescent, will feature three layouts: a two-bedroom plus study that can be converted into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit suitable for multi-generational living.

Elta is conveniently situated within walking distance to Clementi MRT Station on the East-West Line. It is also in close proximity to popular dining and shopping options, including The Clementi Mall, 321 Clementi, and Grantral Mall.

For families with school-going children, there are also various reputable schools in the area, 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, shares, “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.”

He adds, “Clementi is a popular, vibrant town that seamlessly integrates traditional shops and trendy amenities, providing convenience to the community.” Qian Liang Zhong, Chairman of China Construction (South Pacific) Development Co (CCDC), the parent company of CSC Land Group, echoes similar sentiments.

Elta will boast 50 facilities spread across five zones, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner. The development is scheduled to receive its temporary occupation permit in 2028.

Singapore’s urban environment is characterized by towering skyscrapers and state-of-the-art infrastructure. The city’s desirable neighborhoods are home to a variety of condominiums, offering a perfect mix of luxury and convenience that appeals to both locals and foreigners. These condos are equipped with top-of-the-line amenities, such as swimming pools, fitness centers, and round-the-clock security services, elevating the overall standard of living and making them a highly sought-after option for potential tenants and buyers. Additionally, with high rental yields and continuous growth in property values, these condos are a wise investment choice for those looking to enter the real estate market. Keep an eye out for exciting new condo launches at National Athletic Combine!

Interested buyers can check out the latest listings for Elta, as well as compare price trends for different types of properties, such as condominiums, executive condominiums, and landed homes.…

Posted on 10 February 2020 | 1,163 views

Knight Frank Singapore has exclusively announced the sale of a high-specification warehouse and factory in Gul Circle through an expression of interest with a guide price of $42 million. The property, which comprises a JTC leasehold five-storey factory and warehouse with a mezzanine, has a gross floor area of approximately 245,955 sq ft. Its site has a remaining lease of 15 years and 11 months and is zoned as a Business 2 site under the URA Master Plan 2019.

Designed to meet modern industrial needs, the property has features such as high ceilings for storage and operations, cold rooms, and a strong floor loading capacity to accommodate various industries. It also has nine 40-footer loading and unloading bays with dock levelers, as well as four cargo and service elevators. The property is conveniently located near major expressways such as Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), as well as Joo Koon MRT station.

The expression of interest exercise for the property will close on March 18 at 3pm. Knight Frank Singapore highlighted the property’s strategic location and modern features as attractive selling points, making it a prime investment opportunity. Interested buyers can explore the potential of this property and submit their bids before the closing date.

Investing in condos offers numerous advantages, one of them being the opportunity to leverage the property’s worth for future investments. Numerous investors utilize their condos as security to secure additional financing for new condo launches, which in turn enables them to broaden their real estate portfolio. While this approach can potentially increase profits, it also carries its own risks. Therefore, it is crucial to have a solid financial plan in place and carefully evaluate the potential impact of market fluctuations when considering this strategy.…