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Habyt has recently opened a new accommodation space at 5 Kadayanallur Street in Tanjong Pagar. The flagship property, called Kada at Maxwell, is part of the operator’s Habyt Flex concept, which expands their product offerings beyond long-term co-living options.

Earlier in August, Habyt Asia Pacific CEO Jonathan Wong mentioned the company’s plans to introduce more short-term living options in their portfolio. The initial properties under the Habyt Flex concept were Habyt Novena, with 39 rooms, and Habyt Kallang, with 27 rooms. Other properties include Habyt Cantonment and Owen House by Habyt.

Kada at Maxwell presents 18 rooms, including studios with en suite bathrooms and two- to three-bedroom units. Each unit is equipped with a kitchenette. Guests can book rooms for a night or a week, and an extended stay option of 12 months is also available.

The dining area of a Studio Deluxe at Habyt’s Kada at Maxwell.

According to Wong, Habyt Kada at Maxwell demonstrates the company’s dedication to redefining flexible living in Singapore and marks the next phase of evolution for Habyt Asia Pacific. Room rates at Kada at Maxwell will start at $180 per night.

Investing in real estate is a strategic decision, and location plays a crucial role, particularly in Singapore. Condominiums situated in prime areas or in close proximity to essential amenities, such as schools, shopping centers, and public transportation hubs, tend to have higher value appreciation. The Orchard Road, Marina Bay, and the Central Business District (CBD) are some examples of highly sought-after locations where property values have consistently shown growth. Families are also drawn to condos in these areas due to their proximity to reputable schools and educational institutions, making them even more desirable and lucrative investments. With Singapore Projects constantly emerging, it is essential to carefully consider the location when making real estate investments in Singapore.

The property is situated within a well-preserved 1920s colonial building, designed by the renowned architectural firm Swan & Maclaren. It was one of the earliest modernist structures in Singapore, built to house the St Andrew’s Mission Hospital for Women and Children.

In September 2023, the Singapore Land Authority (SLA) launched a public tender to lease the site. The tender was evaluated based on the bid price and the quality of the proposed concept, with SLA encouraging creative lifestyle concepts. The winning bid went to Bethesda Medical, with a monthly rental of $103,000. SLA also revealed that the second and third-highest bids were from Wan Dormitory ($160,000) and The Working Capitol ($108,240) respectively.

SLA stated that Bethesda’s concept stood out due to its strong focus on community building and connecting individuals with businesses. The first floor of Kada at Maxwell will feature 10 food and beverage options, while the second floor will house a Limitless gym, a wellness center in partnership with Shiruki Studio, and a co-working space. Habyt’s Kada at Maxwell occupies the third floor.

Residents of Kada at Maxwell will have free and unrestricted access to the property’s health and wellness facilities, including a performance gym, cold plunge, infrared saunas, hot tubs, and foot baths.

The Oasis Lounge at Kada.

Wong added, “By blending modern conveniences with the timeless charm of a heritage building, we’re offering guests a unique lifestyle experience beyond traditional accommodations.”…

On December 3, the Urban Redevelopment Authority (URA) launched tenders for two residential Government Land Sale (GLS) sites at Holland Link and Chuan Grove. These sites, both with 99-year leases, are part of the Confirmed List for the second half of the 2024 GLS Programme.

The Holland Link site, located along Holland Link off Bukit Timah Road in District 10, covers an area of 185,141 square feet with a maximum gross floor area of 257,225 square feet. It is estimated to potentially yield around 230 housing units, according to URA. This site is the first GLS plot to be launched in the upcoming Holland Plan precinct, one of URA’s three upcoming precincts alongside Bayshore and Kampong Bugis, notes Marcus Chu, CEO of ERA Singapore.

ERA’s Chu predicts that developers will bid on the Holland Link site to take advantage of being the first to introduce 230 units into the pipeline. He notes the site’s favorable location within a 2km radius of several schools, including Methodist Girls’ School, Henry Park Primary School, Pei Hwa Presbyterian Primary School, and National Junior College, which could be a plus for families with young children looking for priority admission into these schools.

The Holland Link GLS site also benefits from its close proximity to the Brizay Park Good Class Bungalow area, making it likely that future developments in the Holland Plain precinct will focus on low-density private residences, as predicted by Mark Yip, CEO of Huttons Asia. Yip expects the site to receive between one and two bids, with the top bid ranging from $1,200 to $1,300 per square foot per plot ratio (psf ppr).

Similarly, Chu foresees a muted response to the site, with a potential of up to three bids. He notes that with a total of seven residential sites currently open for tender, saturation could occur in the bidding process.

Moving on to the Chuan Grove site, located along Chuan Grove off Lorong Chuan in District 19, it spans 170,409 square feet and has a maximum gross floor area of 511,232 square feet. This site has the potential to yield around 555 new housing units.

The site’s strategic location, within 400m of Lorong Chuan MRT Station on the Circle Line, makes it an attractive investment opportunity for developers. The station is one stop away from both Bishan MRT Station (interchange with the North-South Line) and Serangoon MRT Station (interchange with the North-East Line).

According to Chu, the future development on the Chuan Grove site is likely to attract HDB upgraders living in the vicinity. In the next four years, an estimated 3,815 four-room and larger Build-to-Order (BTO) units will fulfill their Mandatory Occupation Period (MOP) in Toa Payoh. Chu notes that residents of HDB flats in older estates may seek to upgrade their homes, given the increasing number of million-dollar flats in neighboring Serangoon, Bishan, and Toa Payoh. The median transaction prices for five-room flats in Bishan and Toa Payoh over the last 10 months were $792,000 and $828,000, respectively.

Chu also points out that developers may be encouraged by the strong sales performance of Chuan Park, which launched last month with 76% of its 916 units sold at an average price of $2,579 psf during its launch weekend. He predicts bids for the Chuan Grove site to range from $571 million to $600 million, translating to a land rate of at least $1,200 psf ppr. Huttons’ Yip, on the other hand, expects a total of three to five bids, with the top bid ranging from $1,150 to $1,250 psf ppr.

It is crucial to take into account the maintenance and management of a property when making an investment in a condo. Maintenance fees are a standard aspect of condo ownership and cover the maintenance and upkeep of shared spaces and amenities. While these fees may increase the overall cost of owning a condo, they also guarantee that the property maintains its condition and value. To ease the burden of managing their condos, investors can enlist the services of a property management company, allowing for a more passive investment. Additionally, staying updated on new condo launches can provide opportunities for potential investments.

The tenders for the Chuan Grove and Holland Link sites will close at noon on July 8, 2025, and July 29, 2025, respectively. This will give developers ample time to carefully consider and submit their best bids for these promising residential sites.…

On December 3, URA announced the release of two residential sites under the 2H2024 Government Land Sale (GLS) programme. The sites, Holland Plain and River Valley Green (Parcel C), are available for application and will only be sold if a developer indicates a minimum price that is accepted by the government. In the event that more than one developer submits a minimum price close to the government’s reserve price, the site will be considered for tender launch.

The Holland Plain GLS site has a land area of approximately 169,175 sq ft and a maximum gross floor area (GFA) of around 304,522 sq ft. It is estimated to potentially yield 280 residential units and has a lease period of 99 years. The site is located next to the Holland Link GLS site, which was launched for tender on December 3. An estimated 230 units can be built on this site.

According to Mark Yip, CEO of Huttons Asia, there is a low chance that the Holland Plain site will be triggered for sale. He believes that developers will wait to see the response to the Holland Link GLS site, whose tender will close in July 2025.

The other site released, River Valley Green (Parcel C), is situated next to the Great World MRT Station on the Thomson-East Coast Line. The 99-year leasehold site has a land area of 123,964 sq ft and a maximum GFA of 433,882 sq ft, which can potentially yield 470 new housing units.

Yip predicts that this site is also unlikely to be triggered for sale, considering the ongoing tender for the neighbouring River Valley Green (Parcel B) plot, which will close in February next year. River Valley Green (Parcel B) can accommodate 580 units, including 220 long-stay serviced apartments.

River Valley Green (Parcel C) is also located near three recently awarded GLS sites. In June, Winchamp Investment, a subsidiary of Wing Tai Holdings, submitted the top bid of $464 million, or $1,325 psf per plot ratio (psf ppr) for River Valley Green (Parcel A). The winning bid will be used to develop a residential project with over 400 units.

In April, City Developments and Mitsui Fudosan jointly won the tender for Zion Road (Parcel A) with the sole bid of $1.107 billion ($1,202 psf ppr). They plan to develop a mixed-use project with approximately 740 residential units, a retail podium, and a block with 290 rental apartment units.

Investing in a condo in Singapore offers numerous benefits, one of which is the potential for capital appreciation. This island city-state boasts a strategic location as a global business hub and boasts strong economic fundamentals, making it a prime location for real estate investment. Over time, property prices in Singapore have continuously increased, particularly for condos in highly sought-after areas. By investing in the market at an opportune time and holding onto the property for a longer period, investors can reap significant capital gains. With the constantly evolving real estate landscape in Singapore, taking advantage of new condo launches can also bring promising opportunities for capital appreciation.

Lastly, Allgreen Properties was awarded Zion Road (Parcel B) in August for $730.09 million ($1,304 psf ppr). The 610-unit site is expected to yield around 610 residential units.

Given the upcoming supply from these three sites, Yip believes that there is little incentive for developers to trigger River Valley Green (Parcel C) for sale.…

Recently launched projectsCompare price trend of New sale condo vs Resale condoCompare price trend of Condo new sale vs EC new salePrice trend chart for The ContinuumAny condo rental listings in District 15? Recently launched projects

Two weeks ago, there was a new launch of a 99-year leasehold private condo by Sim Lian Group, Emerald of Katong. Its weekend sales had been so good that 99% of its 846 units had been sold within three days. According to Nov 30’s caveats, 825 units (97.5%) were sold, averaging at $2,617 psf. However, a number of buyers withdrew from their purchases after the weekend, resulting in a lack of 13 units. On Nov 30 morning, the developer held a ballot for the 13 units, which subsequently received overwhelming responses. PropNex CEO, Ismail Gafoor, said that over 800 expressions of interest had been received which led to all 13 units being taken up. The launch of Emerald of Katong had an impact on the surrounding private projects in the esteemed district 15. Tembusu Grand is one of such, boasting of 638 units and jointly developed by City Developments Limited and MCL Land. With a 99-year leasehold of Jalan Tembusu, Tembusu Grand had 52 units sold in November, bringing total sales to 581 units or 91% of all units, averaging at $2,445 psf. Neighbouring Tembusu Grand is the 1,008 unit freehold condo of Grand Dunman, which had 18 units sold in the last nineteen days, bringing total sales to 731 units or 72.5%, averaging at $2,531 psf. The project had been launched in July 2023 and is located at Dunman Road. Interestingly, the biggest beneficiary of Emerald of Katong’s launch was The Continuum, a freehold condo of 816 units situated at Thiam Siew Avenue. Jointly developed by Hoi Hup Realty and Sunway Developments, 126 units had been sold since Nov 9, increasing sales to 528 units (64.7%) as of Nov 30 based on lodged caveats. The average price of units sold was $2,788 psf. The Continuum was bought at a 49% rate before the launch of Emerald of Katong, leaving 51% of its units for sale. Meanwhile, buyers had more options as most units at Grand Dunman had been sold leading them to recognize the value proposition of The Continuum. The Continuum’s psf prices were found to be more than $3,000 psf, with two compact three-bedroom units sold at $3,003 psf and $3,060 psf respectively. Additionally, some three- and four-bedroom units of 1,066 sq ft to 1,270 sq ft sold for prices of $2,667 psf and $2,681 psf. This has led to a rather strong November for new home sales, as 2,805 units have been sold so far. The November figures have to a great extent surpassed the former peak of 2,793 monthly private home sales tallied in March 2013. According to Hutton Data Analytics, PropNex’s Ismail Gafoor reported that November, being a strong month for new home sales, will play a significant part in the 2025 take-up rate. This prediction is correlated to the response to Emerald of Katong where more than 800 cheques were received for only 13 units on Nov 30. He added that the lack of success of buyers will pave way for standard alternatives, thus boosting the sales of new homes in the beginning of 2025.

Purchasing condos in Singapore is a well-known decision for investors, but there are a few crucial aspects that must be carefully evaluated before making any final decisions. One such important factor is the property cooling measures implemented by the Singaporean government. These measures have been in place for some time now to regulate speculative buying and maintain a steady real estate market. Among these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those acquiring multiple properties. Although these measures may have a short-term impact on the profitability of condo investments, they ultimately contribute to the long-term stability of the market, providing a more secure environment for investors. It is imperative to consider these measures when contemplating investing in a new condo launch in Singapore, such as through New Condo Launches.…

Savills’ global outlook report for 2025 predicts that Asia Pacific’s (Apac’s) real estate market will continue to outperform its global peers. The region has shown strong economic growth, surpassing that of the US and Europe. According to Savills head of world research, Paul Tostevin, there is more stability and confidence in the economic outlook, which will boost investment and activity.

In the first three quarters of 2024, Apac saw a 4% year-on-year increase in investment volumes, reaching US$108.7 billion. The top three markets with the most significant growth in investment were Singapore (74%), South Korea (71%), and Australia (63%).

As a foreign investor, having a thorough understanding of Singapore’s laws and regulations surrounding property ownership is crucial. Unlike landed properties, which have stricter ownership regulations, condos are generally more accessible for foreign buyers. However, it is important to note that foreign purchasers are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% on their first property purchase. Despite this additional expense, the Singapore real estate market remains a sought-after destination for foreign investment due to its stability and promising growth potential. Consider investing in a Singapore Condo to take advantage of these opportunities.

Savills Research forecasts a 27% rise in global real estate investment turnover to US$952 billion in 2025, and it is expected to surpass the US$1 trillion mark in 2026 for the first time since 2022. Alan Cheong, executive director of research & consultancy at Savills Singapore, says that Singapore’s real estate market will follow the global trend.

The report also predicts a full investment recovery for Apac in 2026, driven by sectors such as tourism, living, and industrial, particularly logistics and data centres. Simon Smith, Savills regional head of research & consultancy for Apac, adds that the region’s long-term structural trends, such as growth in India and Southeast Asia, will support market values.

The office sector remains a top choice for investments in Apac, accounting for 37% of the total regional real estate investment in the first three quarters of 2024. This is significantly higher than the global average of 23%. Singapore, China, South Korea, and Japan are the top cities for office utilization, with occupancy rates exceeding 90%. The region also leads in green-certified office spaces, with tenants placing more emphasis on environmental, social, and governance (ESG) matters.

In Singapore, tenants are increasingly prioritizing the green agenda, and there has been a slight recovery in activity levels. Rental rates for CBD Grade-A spaces are expected to remain stable from 2025 to 2026. Singapore’s popularity as a hub and gateway to the region also makes it a prime destination for new overseas brands. The retail sector is in demand, keeping rental levels firm.

The industrial sector in Singapore remains strong, driven by sectors such as logistics, advanced manufacturing, healthcare, and data centers. Despite cost pressures, demand is expected to stabilize rental rates and capital values in the long term. The adoption of Artificial Intelligence (AI) technology has led to an increase in data center construction, and more service providers are using Singapore as a base to expand their infrastructure.

Tostevin reminds the real estate industry to adapt to evolving legislative landscapes and geopolitical dynamics and focus on sustainable and socially responsible development as global investment and activity returns to a more sustained growth.…

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New record high of $3,267 psf set at Hill House during Nov 10 to 21 period

Boutique development Hill House has emerged as the top condo that reached new price-per-square-foot (psf) highs during November 10 to 21 period. The newest record high of $3,267 psf was set by a 452 sq ft, two-bedroom unit on the fifth floor, which was sold for $1.48 million on November 11 by the developer.

This new high is just 0.1% higher than the previous record of $3,263 psf that was set in November 2023. This was achieved through the sale of a 624 sq ft, two-bedroom unit on the ninth floor for $2.04 million.

Hill House, which is currently being developed, has seen 11 transactions this year with an average price of $3,098 psf. This is slightly lower than last year’s average price of $3,127 psf based on five transactions at the development.

For information on the latest new launches and transaction prices, visit New Launches.

Hill House is a 999-year leasehold condo situated on Institution Hill, just off River Valley Road in prime District 9. It was launched in 2022 and boasts 72 units, with 40 being one-bedroom and one-bedroom plus study units ranging from 431 sq ft to 452 sq ft. Another 24 units are two-bedroom units sized at 624 sq ft, and the remaining eight units are three-bedroom apartments of 753 sq ft.

Data from URA caveats shows that 29 units (40%) at Hill House have been sold, with an average price of $3,060 psf since the condo was launched in November 2022. Construction is ongoing and the project is scheduled for completion in 3Q2026.

The Continuum, a freehold condo, took second place on the list of condos with new psf-price highs during the November 10 to 21 period, setting a new high at $3,084 psf. This was achieved through the sale of a 721 sq ft, two-bedroom unit on the 17th floor for $2.22 million on November 16.

This new record is only 0.4% higher than the previous high of $3,071 psf set at The Continuum. This was achieved through the sale of a 721 sq ft, two-bedroom unit on the 16th floor for $2.22 million and set just a day before on November 15.

The Continuum is a freehold condo on Thiam Siew Avenue, off Haig Road and Tanjong Katong Road in District 15. It was launched in April last year and comprises 816 units across six residential towers on two plots of land, which will be connected by a private pedestrian overhead bridge. The condo features one- to five-bedroom apartments, with sizes ranging from 560 sq ft to 2,260 sq ft.

Data from caveats lodged show that of the 816 units, 489 units (59.8%) at The Continuum have already been sold at an average price of $2,779 psf since it was launched in May 2023. It is also currently under development and is scheduled for completion in 2026.

K Suites had previously set a new high of $2,443 psf

Meanwhile, freehold boutique development Lavender Residence set a new low during the November 10 to 21 period when a 990 sq ft, one-bedroom + studio unit on the second floor was sold for $1.61 million or $1,626 psf on November 17. The previous psf-price low was set at $1,710 psf when a 1,335 sq ft, four-bedroom unit on the sixth floor was sold for $2.28 million in June 2023.

Lavender Residence has now been entirely sold at an average price of $1,984 psf. This 17-unit development sits at the junction of Lavender Street and Kempas Road in Boon Keng, District 12. It features a trio of two-storey conservation shophouses built in the 1940s art-deco style. It offers a mix of studios, dual-key variants and three-bedroom units, ranging from 463 sq ft to 1,550 sq ft. It is within walking distance of Bendemeer MRT Station on the Downtown Line.

To explore sale transactions for Hill House, visit Buddy.

Compare the price trend of Condo new sales and EC new sales

Explore condo sale transactions in District 9

Find out which condo projects in District 12 offers the most profitable transactions

See which condo projects had the most expensive average prices per square foot in District 12

To explore sale transactions for Hill House, visit Buddy.

Compare the price trend of Condo new sales and EC new sales

Investing in a condominium in Singapore holds numerous advantages, one of which is the potential for capital appreciation. This is largely due to Singapore’s advantageous location as a global business hub and its robust economic foundation that continually drives demand for real estate. As a result, property prices in Singapore have consistently shown an upward trend, with condos in prime locations experiencing significant appreciation. Those who enter the market at an opportune time and hold onto their properties for the long term can reap immense benefits in terms of capital gains. For more information on Singapore’s current property projects, please visit Singapore Projects.

Explore condo sale transactions in District 9

Find out which condo projects in District 12 offers the most profitable transactions

See which condo projects had the most expensive average prices per square foot in District 12.…

When considering investing in a condo, it is crucial to also evaluate its potential for rental yield. Rental yield refers to the annual rental income relative to the property’s purchase price. In Singapore, condo rental yields can vary significantly based on factors such as location, property condition, and market demand. Typically, areas with a high demand for rentals, such as those near business districts or educational institutions, offer better rental yields. To gain a better understanding of a specific condo’s rental potential, conducting thorough market research and seeking advice from real estate agents can be beneficial. Additionally, keeping an eye out for new condo launches, such as those available on National Athletic Combine, can provide additional investment opportunities.

The government has announced a one-off property tax rebate of 20% for owner-occupied HDB flats and 15% for owner-occupied private residential properties in 2025. However, the rebate for private residential property owners will be capped at $1,000.Property tax is calculated based on a property’s annual value, which is the estimated annual rent a property would fetch if rented out.As part of Budget 2024, the government will raise all annual value bands for owner-occupied residential properties from January 1 next year. In order to offset the potential impact on Singaporeans’ cost of living, the government has introduced the one-off property tax rebate for the following year.According to the government, this rebate will benefit all HDB flat owners, as well as over 90% of private residential property owners, by reducing their property taxes next year. This is in line with the government’s efforts to ease the cost of living for Singaporeans.Senior director of data analytics at Huttons Asia, Lee Sze Teck, predicts that the annual value of private properties will remain stagnant this year, with only marginal growth in private residential rents. However, he expects HDB rents to rise by 4%, resulting in an increase in the annual value of HDB flats.The one-off property tax rebate may help HDB owners to offset any potential increase in annual value. For instance, if a HDB flat has an annual value of $30,000, the property tax payable in 2025 would be $720. With no change in the annual value, the owner would only have to pay $576 with the rebate, saving $144.In some cases, private residential property owners may also benefit from the rebate. For example, if the annual value of their property is $85,000, the property tax payable in 2025 would be $5,760. However, with the 15% rebate capped at $1,000, the owner would pay only $4,896 in property taxes, saving $864.Lee notes that property tax rebates have been offered in the past, but this does not make investing in residential properties in Singapore any less profitable. The attraction of investing in residential properties in Singapore lies in the potential for capital appreciation, which far outweighs any increase in property tax.…

In just two years, homegrown property developer Jason Ng has established his property investment and training firm, Aurico Global, as a major player in the industry with $52 million in assets under management.

Aurico is not Ng’s first venture into real estate development. It all began in 1993 when he felt the responsibility to provide for his family. Growing up in a rental flat with six family members, Ng worked hard to secure a well-paying job that would allow him to make his first property investment – a 1,400 sq ft three-bedroom apartment for $435,000. Reflecting on the past, Ng notes that it is nearly impossible to find a similar property for that price in today’s market.

Learning the ins and outs of property investment and management, Ng expanded his portfolio and also ventured into student enrichment and parenting training. He is now accredited as a family life educator and has been working with the Ministry of Education and Ministry of Social and Family Development for over 15 years.

When contemplating an investment in a condo, it is crucial to also evaluate the potential rental yield. Rental yield refers to the annual rental income compared to the cost of purchasing the property, expressed as a percentage. In Singapore, condo rental yields can vary significantly based on factors like location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer better rental yields. To determine the rental potential of a specific condo, conducting thorough market research and seeking advice from real estate agents can be valuable. Remember to consider using a Condo for further guidance.

In January 2023, Ng co-founded Aurico with his wife, Emelyn Ho, to consolidate his diverse portfolio of businesses. These include Aurico’s co-living investment and management arm JC Global Developments, property and investment training arm Anchor of Life Training Consultants, and My Preschool Hub – a provider of preschool enrichment resources and programmes.

Aurico’s property portfolio covers a wide range of property types, from residential (co-living) to commercial and industrial assets. The company has a substantial co-living venture named Communa, which falls under JC Global Developments. With over $30 million in assets, the company manages 380 co-living units in shophouses, condos, and landed properties. In addition, Aurico is in the process of acquiring more properties and aims to nearly double their current portfolio to 600 units by the end of the year.

Strategic and quality portfolio acquisition is key for Aurico. In September, the company purchased a two-storey shophouse on 321 Joo Chiat Road at $5.1 million – 12% below the valuation price of $5.8 million. This highlights the firm’s strong property investment team and Ng’s sharp property investment acumen. He notes that every property must be bought below market valuation, ensuring profit even before the purchase.

Aurico also targets commercial properties in rapidly transforming areas, such as Woodlands. The company acquired a 560 sq ft commercial strata office unit at Woods Square in July 2023, emphasizing the upcoming Johor Bahru-Singapore Rapid Transit System that will boost operational efficiency with the ease of hiring workers from across the border.

The company has also ventured into food factory assets to capitalize on the rise in demand for food production due to the government’s “30 by 30” goal to produce 30% of the country’s nutritional needs by 2030. They have acquired food factory properties, including Food Xchange @ Admiralty, strategically located on Admiralty Road West with a long lease balance of 36 years. Ng notes that this prime location provides a competitive advantage for food manufacturing businesses and a strong source of manpower.

In May, Aurico acquired a controlling stake of 29.8% in Autagco Ltd, a company listed on the Singapore Exchange. With this stake, Ng appointed Patrick Loke as the executive director of Autagco and plans to inject their assets into the company. In July, Autagco announced a strategic review to diversify and expand its core business into assisted living with Communa Gold – a wholly owned subsidiary of Autagco Ltd.

With an ageing population in Singapore, Aurico sees assisted living as a viable sector to be in. The company is in the process of acquiring a suitable property to develop into an assisted living facility, to be managed by Communa Gold.

Apart from property investment, Aurico is also dedicated to providing comprehensive and high-quality property investment education to aspiring investors. Ng believes that investment education is essential but inaccessible to many, which is why he offers courses to make residential and commercial property investment accessible for anyone. The company also provides participants with the opportunity to leverage the firm’s network and strategies to enhance their investment portfolio.

Ng wants to help millennial and Gen Z investors, who often feel that they have no chance of investing in property due to their background. He aims to change this mindset, noting that anyone can start their investment journey with the proper guidance and training. With its comprehensive curriculum and hands-on support, Aurico is poised to empower individuals to make informed decisions and achieve their financial goals through real estate.…

During the week of November 12 to 19, the most profitable condo resale transaction took place at Maple Woods, where a three-bedroom unit was sold for $3.3 million. This unit, situated on the first floor and spanning 1,539 sq ft, was sold for $2,144 psf on November 15. The seller had purchased the unit in April 2009 for $1.28 million ($830 psf), resulting in a profit of $2.02 million. This translates to a capital gain of 158% for the seller or an annualised profit of 10.6% over a holding period of approximately 15 and a half years.

Maple Woods is a freehold condo situated on Bukit Timah Road in prime District 10. Built in 1997, it comprises 697 units ranging from two to four-bedders, measuring between 850 sq ft to 3,003 sq ft. The development is just a five-minute walk from King Albert Park MRT Station on the Downtown Line and is also near Methodist Girls’ School and the Rail Corridor.

There have been 10 other resale transactions at Maple Woods this year. Based on available caveats, all of them have been profitable deals, with sellers making gains of at least $425,000. Three of the units transacted have netted profits of over $2 million. The first was a 1,787 sq ft, three-bedroom unit on the eighth floor that sold for $3.75 million ($2,099 psf). The seller made a profit of $2.15 million, having purchased the unit in July 1997 for $1.6 million ($895 psf).

The second unit that fetched a significant profit was a 1,787 sq ft, three-bedroom unit that was sold for $3.82 million ($2,138 psf) on September 10. The seller, who bought the unit in March 2007 for $1.35 million ($756 psf), made a profit of $2.47 million. The third unit was a 3,003 sq ft, four-bedroom unit on the eighth floor that changed hands for $5 million ($1,665 psf) on September 10. The seller had purchased the unit in September 1998 for $2.4 million ($798 psf), making a profit of $2.6 million.

The second most profitable condo resale deal during the week occurred at UE Square, where a three-bedroom unit measuring 1,528 sq ft on the seventh floor was sold for $2.95 million ($1,930 psf) on November 14. The seller had bought the unit through a sub-sale in December 1997 for $1.3 million ($850 psf). As a result, the seller netted a gain of $1.65 million, after owning the unit for almost 27 years. This deal is the fourth most profitable resale transaction registered at UE Square. The record belongs to a four-bedroom penthouse spanning 3,089 sq ft that sold for $6.27 million ($2,031 psf) on October 6, 2023. The seller, who had bought the unit for $4.1 million ($1,327 psf) in December 2009, made a gain of $2.17 million.

UE Square is part of UE BizHub City, a mixed-use development along Clemenceau Avenue in District 9 near Clarke Quay. The development comprises an 18-storey office building with a four-storey shopping podium and two 18-storey residential blocks housing 345 units. A service road divides the mixed-use development, with the commercial tower separated from the two residential towers.

UE Square comprises 345 residences consisting of one- to five-bedroom units measuring between 506 sq ft to 2,379 sq ft. There are also penthouses measuring 3,089 sq ft. The development is near the Fort Canning MRT Station on the Downtown Line.

When contemplating an investment in a condominium, it is crucial to evaluate its potential rental yield. This refers 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 factors such as location, property condition, and market demand. Prime locations near business districts or educational institutions typically offer higher rental yields due to the strong demand for rental properties. Therefore, conducting thorough market research and seeking the advice of real estate agents can provide valuable information on the rental potential of a particular condo. For further information on Singapore Projects, please visit https://www.nationalathleticcombine.com/.

On the other hand, the most unprofitable condo resale transaction during the week took place at Tomlinson Heights, where a three-bedroom unit measuring 2,745 sq ft on the 19th floor was sold for $8.25 million ($3,006 psf) on November 19. The seller had purchased the unit from the developer in February 2011 for $8.85 million ($3,225 psf). As a result, the seller incurred a loss of about $601,000 (6.8%) after owning the unit for almost 14 years.

Tomlinson Heights is a luxury 70-unit condo off Orchard Boulevard, consisting of a 36-storey tower with a mix of three- and five-bedroom units measuring 2,551 sq ft to 6,738 sq ft. Completed in 2014, the freehold development is within walking distance of malls along the Orchard Road shopping belt. The unit sold on November 19 is the first caveated transaction at Tomlinson Heights since January 5, 2023, when another 2,745 sq ft unit sold for $10.5 million ($3,825 psf). The seller, who had bought the unit from the developer in May 2011 for $8.38 million ($3,053 psf), saw a gain of $2.12 million.…

Hong Lai Huat (HLH), a company listed on the mainboard, has recently formed a term sheet partnership with The Assembly Place (TAP), a co-living operator. This strategic partnership aims to have TAP manage HLH’s real estate and property development projects in Cambodia, as well as introduce the co-living concept to the country for the first time.

In a joint release issued on Nov 28, the two companies announced that they will work towards finalizing key objectives within the next 60 days before entering into a binding agreement. These objectives include conducting feasibility studies for fitting out available units in HLH’s Royal Group Platinum development in Cambodia.

The partnership also aims to market HLH’s available commercial shop-house units at Royal Group Platinum, and leverage TAP’s network to establish new sales channels in Singapore, Hong Kong, and Greater China’s first-tier markets for HLH’s completed and upcoming projects. Additionally, the partnership will provide ongoing after-sales asset management services and create job opportunities in local communities.

When buying a Singapore Condo, it is essential to consider the upkeep and management factors of the property. These types of properties usually come with maintenance fees that cover the maintenance of communal spaces and amenities. Although these fees may add to the total cost of ownership, they also ensure that the property stays in good condition and retains its value. Engaging the services of a property management company can help investors manage the day-to-day operations of their Singapore Condo, making it a more hands-off investment.

HLH’s website states that the Royal Group Platinum development is a mixed residential and commercial project with 851 residential and 50 shophouse units. It is strategically located just 20 minutes from Phnom Penh International Airport, surrounded by 16 international schools and six sports facilities. The project is also just 10 minutes away from Aeon Mall 2, the largest shopping mall in Phnom Penh.

Ong Jia Jing, executive director of HLH, expresses his excitement about the partnership, and believes that it will enable the company to provide top-tier asset management services to its investors and buyers in Cambodia, giving them the necessary confidence when purchasing units in its developments.

The Assembly Place’s CEO Eugene Lim Ying Jie sees this partnership as aligned with the company’s strategy of expanding the co-living concept locally and internationally. He believes that TAP’s extensive experience in the co-living sector, combined with HLH’s high-quality and thoughtfully designed developments, will deliver exceptional value to the purchasers.

The signing ceremony for the partnership took place at CAMPUS by The Assembly Place on Nov 28.…