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The cityscape of Singapore is characterized by towering skyscrapers and contemporary infrastructure. Condominiums, typically situated in desirable locations, offer a harmonious mix of opulence and accessibility that entices both locals and foreigners. These residential complexes boast an array of conveniences, including swimming pools, fitness centers, and round-the-clock security services, elevating the overall standard of living and drawing in potential renters and buyers. For those looking to invest, these desirable amenities equate to higher returns on rental income and long-term appreciation in property value. In fact, many are attracted to Singapore Projects as a lucrative venture.

An exclusive residential project in New York is set to be showcased to buyers in Singapore on the weekend of Jan 11 and 12. 720 West End Avenue, located in the highly sought-after Upper West Side of Manhattan, offers a total of 131 luxurious residences, ranging from one to five-bedroom units, townhouses, duplexes and penthouses complete with private terraces. With sizes spanning from approximately 500 sq ft to over 3,700 sq ft, these units are priced from US$1.015 million ($1.38 million) onwards for a one-bedroom residence.

This opulent development is a stunning transformation of a pre-war building designed by renowned New York architect Emery Roth in 1927. Originally known as the Hotel Marcy, this 17-storey structure boasts a beautiful Renaissance Revival-style façade. The developers of 720 West End Avenue, Glacier Equities and InterVest Capital Partners, have successfully preserved the intricate architectural details of the façade while adding two floors to accommodate the penthouse duplexes. Interior designer Thomas Juul-Hansen has also given the building a revamp, elevating its overall design.

The development offers a plethora of amenities spanning over 30,000 sq ft, including a state-of-the-art fitness centre, a private bar and dining room, a library, co-working spaces, outdoor terraces and courtyards, private parking and bike storage. To introduce this stunning residential project, Savills Singapore will be hosting an exclusive presentation at voco Orchard Hotel on Jan 11 and 12. The event will also feature an informative seminar on the vibrant New York real estate market at 3pm on both days.…

serviced residencesThe luxurious Alamanda Tower now offers 26 one-and two-bedroom residences for long-term lease with a minimum stay of one month. As part of Ayana Residences, a collection of residential properties within the renowned Ayana Bali, the tower is situated on the coastline of Jimbaran Bay and is known for its four exclusive hotels: Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali and Rimba by Ayana Bali. With an expansive 90-hectare plot, the lavish resort also comprises the award-winning Ayana Spa, a golf putting course, a secluded beach, various event venues and 30 dining outlets.

Residents of Alamanda Tower can expect a luxurious and convenient lifestyle, with access to three rooftop pools and facilities at the community centre, including a gym, lap pool, and sauna and steam room. Other services provided include a dedicated concierge team, bi-weekly housekeeping, buggy service within the Ayana Bali estate, and discounts on dining and selected spa services.

Singapore’s urban landscape is characterized by its stunning high-rise buildings and modern infrastructure. The city boasts a plethora of condominiums, strategically located in prime areas, that offer a perfect blend of luxury and convenience. These condos are highly sought-after by both Singaporeans and expatriates, thanks to their top-notch amenities, including swimming pools, gyms, and round-the-clock security services. Not only do these amenities enhance the overall quality of life for residents, but they also make these condos appealing to potential buyers and tenants. For investors, these features result in higher rental yields and a steady increase in property values over time. In addition, with the influx of new condo launches, the Singaporean real estate market is constantly evolving and providing even more opportunities for growth and investment.

One-bedroom units at Alamanda Tower are spacious at 1,173 square feet and are priced from about IDR70 million ($5,896) per month. Two-bedroom units without a private pool measure 1,647 square feet and start from about IDR100 million per month. For those looking for a more indulgent experience, two-bedroom units with a private pool range from 2,045 to 2,648 square feet and start from about IDR120 million per month.

Managed by Ayana Hospitality, a prestigious Indonesian brand with properties in Jakarta and Labuan Bajo, Ayana Bali is a highly sought-after destination for those seeking a luxurious and unforgettable experience. The recent addition of Alamanda Tower adds another level of opulence to the already impressive resort, providing guests with an unparalleled experience in the heart of Bali, Indonesia.…

Acquiring a condominium in Singapore can bring about numerous benefits, with one of them being the potential for capital appreciation. With its advantageous position as a top global business hub and a robust economy, Singapore has a consistent demand for real estate. As a result, the property market in the country has shown a steady increase, especially for condos in prime locations. It is important to note that investors who enter the market at the right time and hold onto their condo ownership in the long term can enjoy significant capital gains. Therefore, it is wise to consider investing in a condo in Singapore for the potential of capital appreciation. Condos in Singapore are a valuable asset for long term investment.

Surbana Jurong Group has announced the appointment of Professor Cheong Koon Hean to its board of directors. According to a press release on Jan 6, the company believes that her extensive experience and expertise will enhance their ability to deliver innovative, resilient and sustainable solutions for the built environment.

With a professional career spanning over two decades, Cheong has held prominent positions in the public sector. She served as the CEO of HDB from 2010 to 2020, after which she took on the role of CEO at URA from 2004 to 2010. Currently, she is the chair of the Lee Kuan Yew Centre for Innovative Cities and also holds the position of Professor of Practice at the Singapore University of Technology and Design. She is additionally the chairman of the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

Apart from her current roles, Cheong also serves on the boards of the National University of Singapore and CapitaLand Group. She is also Singapore’s non-resident ambassador to Finland.

This appointment comes at a critical time when the built environment is facing increasing demands for smart and sustainable solutions. With Cheong’s vast experience and expertise, Surbana Jurong Group is well positioned to drive the development of greener and more resilient buildings for a sustainable future.…

River Valley Apartments, a freehold condominium situated in the prestigious District 10, has been recently launched for collective sale through a public tender. The development, which has exclusive marketing agent Knight Frank Singapore, is available at a price of $56 million, according to a press release issued on January 6th.

Built in the 1950s, the four-storey apartment comprises of 24 units and is located on River Valley Road. The property occupies a freehold land area of approximately 12,408 square feet and is zoned for residential use with a gross plot ratio of 2.8. Additionally, the Great World MRT Station on the upcoming Thomson-East Coast Line is just 500 meters away, making it an attractive location for potential buyers. The development is also within walking distance to shopping destinations such as Great World City and Valley Point Shopping Centre, while River Valley Primary School and Alexandra Primary School are just a stone’s throw away.

(Source: EdgeProp LandLens)

The site offers a potential for redevelopment into a boutique residential development with 37 new units, with an average size of 915 square feet, according to Knight Frank. The guide price of $56 million translates to a land rate of approximately $1,622 per square foot per plot ratio (psf ppr), including a nominal land betterment charge. Taking into consideration the 7% bonus gross floor area allowed for balconies, the price translates to approximately $1,583 psf ppr.

In addition, Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore, states that the site is in close proximity to three Government Land Sale (GLS) sites that were sold in the previous year. In April 2024, the Zion Road (Parcel A) site was awarded to a joint venture between City Developments and Mitsui Fudosan for a price of $1.107 billion ($1,202 psf ppr).

In June 2024, Wing Tai Holdings successfully acquired a GLS site at River Valley Green for $463.99 million ($1,325 psf ppr). Two months later, Allgreen Properties secured the Zion Road (Parcel B) site for $730.9 million ($1,304 psf ppr) in August.

Chia further adds, “Despite the sluggish home sales activity in the Central Region, the interest in the River Valley and Zion Road location indicates that developers remain drawn to this area, with the belief that there will be demand for prime products after a long period of subdued activity.”

When it comes to investing in a condo, financing is a crucial factor to consider. Fortunately, Singapore has a variety of mortgage options available. However, it’s important to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets limits on the amount of loan a borrower can obtain based on their income and current debt obligations. To ensure wise financing choices and to avoid over-leveraging, it is highly recommended to understand the TDSR and seek guidance from financial advisors or mortgage brokers. Furthermore, staying updated with New Condo Launches can also help investors make informed decisions about their financing options.

Knight Frank predicts that the owners of units at River Valley Apartments, which range from 947 to 1,238 square feet, stand to receive minimum sale proceeds of around $2 million to $2.6 million if the development is sold.

(Source: EdgeProp Buddy)

The collective sale tender for River Valley Apartments will close on February 18 at 3pm. Interested parties can check out the latest listings for properties in River Valley Apartments on the Ask Buddy portal. Additionally, they can also access past rental and sale transactions, as well as the price trend chart for River Valley Apartments.…

URA has given the green light for a proposed conservation plan for Golden Mile Tower, with the condition that it would only take effect if the 99-year leasehold development is successfully sold in a collective sale and the new developer plans to redevelop the property.

According to documents obtained by EdgeProp Singapore, the government has stated that if the developer voluntarily conserves at least the existing cinema block, the site’s allowable gross plot ratio (GPR) could be increased from 4.46 to 5.6. This would result in a higher gross floor area (GFA) of 525,854 sq ft, a significant increase from its current GFA of 419,142 sq ft. In addition, the maximum building height would also be raised from 145m to 164m.

The most recent attempt to sell Golden Mile Tower in a collective sale took place last August, with a reserve price of $556 million. This was the third unsuccessful en bloc attempt for the 99-year leasehold development.

According to Anna Tan, business development director at Tag Realty (the marketing agent for the collective sale of Golden Mile Tower), the reserve price for the 99-year leasehold development remains unchanged. This equates to a land rate of $1,350 per sq ft, which includes the cost of renewing the land tenure but does not include land betterment charges.

“The increase in building height allowance under the voluntary conservation options opens up possibilities for developers to reimagine the property with a stunning skyline presence. It also means that the new development could feature 5m floor-to-ceiling heights for commercial and hotel spaces, and 3.6m ceiling heights for residential units,” says Tan.

When it comes to real estate investment, location plays a crucial role and this remains particularly true in Singapore. The value of condos in central areas or those near important amenities like schools, shopping malls, and public transportation hubs tends to appreciate at a higher rate. For instance, prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. Additionally, the presence of reputable schools and educational institutions in these areas make condos a highly desirable investment for families, further increasing their potential for a good return. This is why Singapore Projects continue to be in demand for investors looking to make a smart real estate investment.

The approval for voluntary conservation of Golden Mile Tower is significant, as the neighbouring Golden Mile Complex, now known as Golden Mile Singapore, was gazetted for conservation in 2021. The commercial units were launched last December by joint developers Perennial Holdings and Far East Organization, with the new residential units in a 45-storey tower set to be launched this quarter.

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

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

The sales gallery of Bagnall Haus at Upper East Coast drew 1,500 visitors over the weekend of Jan 4-5. According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the developer of Bagnall Haus, many of the visitors were families who were already residing in the East. This comes as no surprise as Bagnall Haus is a highly anticipated project, being one of the first new launches of 2025.

Bagnall Haus is a freehold condo with 113 units, and it is a redevelopment of the former Bagnall Court which was acquired by the developer in January 2023 for $115.28 million. Its strategic location, less than a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station, and a five-minute walk to the Upper East Coast Bus Terminal, make it a highly desirable property.

For interested buyers, they can search for the latest New Launches to find out about the transaction prices and available units. It is worth noting that the last new project launched in the Upper East Coast Road neighbourhood was 15 years ago, making Bagnall Haus a highly sought-after property.

To cater to a diverse range of buyers, from investors to owner-occupiers, singles, and families, the developer has a good mix of unit sizes, ranging from one-bedroom plus flexi at 495 sq ft to five-bedroom units at 1,528 sq ft. Prices start from $1.235 million ($2,495 psf), with the average indicative price being around $2,450 psf according to the developer. For those interested, they can also check out the latest listings for Bagnall Haus properties on Ask Buddy.

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In summary, purchasing a condo in Singapore has numerous benefits to offer, such as high demand, potential for increasing value, and attractive rental yields. However, careful consideration of critical factors, such as location, financing options, government regulations, and market conditions, is crucial. By conducting thorough research and consulting with professionals, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, the condos in Singapore, including the Singapore Projects, present a compelling opportunity.

In summary, Bagnall Haus is a highly anticipated development with a mix of unit sizes and prices to cater to different buyers. Its prime location, coupled with its freehold status, make it a worthwhile investment for both investors and owner-occupiers. Interested buyers can also compare the price trends of HDB, Condo, and Landed properties, as well as recently launched and upcoming new projects, to make an informed decision. They can also compare the price trends of Condo new sale versus EC new sale to determine the better option for them.…

HDB flash estimates released on Jan 2 showed that resale flat prices in the fourth quarter of 2024 rose by 2.5% compared to the previous quarter. This is slightly lower than the 2.7% growth recorded in the previous quarter. It marked the 19th consecutive quarter of price increases in the HDB resale market.

According to Christine Sun, chief researcher and strategist at OrangeTee Group, the flash estimates also revealed that HDB resale prices grew by 9.6% in 2024, which is double the 4.9% growth seen in 2023. However, it was still slower than the 10.4% increase in 2022 and the 12.7% growth in 2021.

Data from HDB’s website showed a slowdown in price growth for certain flat types based on the HDB caveat downloaded from data.gov.sg at 8.15am on Jan 2. OrangeTee noted that the median price of four-room flats saw a 2.5% increase in the fourth quarter of 2024, which is slower than the 3.4% growth in the previous quarter.

Similarly, the prices of two-room flats rose by 2% in the fourth quarter of 2024, which is also slower than the 3.9% growth in the third quarter of 2024. Executive flats registered a 1.2% price increase in the fourth quarter of 2024, compared to 1.7% in the previous quarter.

However, there was a faster growth rate for five-room flats in the fourth quarter of 2024 at 3.2%, compared to the 1.2% increase in the third quarter of 2024.

Resale volume declined by 3.6% year-on-year in the fourth quarter of 2024

Resale volume fell by 3.6% year-on-year to 6,314 units in the fourth quarter of 2024 from 6,547 transactions in the same period in 2023. It was also down by 22.5% compared to the previous quarter, with 8,142 units being transacted in the third quarter of 2024.

Sun attributes the decline in HDB resale transactions to HDB launching over 8,500 new flats in the October Build-to-Order (BTO) exercise, with many units in prime and desirable locations. She notes that the attractive features of these flats, such as scenic views and proximity to MRT stations, diverted demand away from the resale market towards the BTO market.

Additionally, the seasonal year-end school holidays also contribute to the slower sales, as many Singaporeans tend to travel overseas during this period. As a result, house viewings and sales activities typically decrease during this period.

However, Wong Siew Ying, head of research and content at PropNex, points out that the slower pace of growth in the fourth quarter of 2024 can also be attributed to government intervention in August 2024, when the loan-to-value (LTV) limit for HDB loans was reduced by five percentage points to 75%. She adds that based on the weaker sales and slower growth in the HDB resale price index in the fourth quarter of 2024, the August 2024 measures are likely to be having an effect on the market. The lower resale volume during the quarter also likely affected prices.

Total resale volume in 2024 was up by 8%

Despite the decline in resale volume in the fourth quarter, the total resale volume in 2024 was up by 8% to 28,876 units, compared to 26,735 units in 2023 and 27,896 units in 2022. However, it is still lower than the peak of 31,017 units in 2021.

The popularity of condos in Singapore is on the rise due to the country’s limited land supply. As a small and densely populated island, finding suitable land for development has posed challenges. To address this issue, the government has imposed strict land use regulations, creating a competitive real estate market that sees continually increasing property prices. This has made investing in real estate, especially condos, a highly attractive option for potential investors, as it offers potential for significant capital growth. With the condo market booming, it is no wonder that demand for these properties continues to soar in Singapore.

OrangeTee’s Sun notes that the upcoming February 2025 sale of balance flats (SBF) exercise will offer more than 5,500 flats across various towns, and this could affect the demand for resale flats. She also points out that the ongoing supply of BTO flats is expected to help moderate price growth in the secondary market. However, the degree of price stabilisation will depend on the number of BTO flats the government plans to release in the upcoming years.

Decline in million-dollar flat transactions in the fourth quarter of 2024

The decline in resale transactions in the fourth quarter of 2024 led to a decrease in million-dollar flat transactions to 283 units, from 331 in the previous quarter. Despite the drop, the total number of million-dollar transactions reached a record high of 1,033 units in 2024, which is more than double the 469 million-dollar transactions recorded in the previous year.

Toa Payoh town led million-dollar resale flat deals in the fourth quarter of 2024, with 58 transactions. 20 of these transactions were for four- and five-room units at Alkaff Vista in Bidadari Park Drive, which had recently crossed the five-year minimum occupation period (MOP).

Eugene Lim, key executive officer of ERA Singapore, suggests that the new classification of Plus and Prime classification BTO flats may have driven more homebuyers to seek out HDB resale homes in central locations. These buyers may be unwilling to accept the resale restrictions such as a 10-year MOP, rental restrictions after MOP, subsidy clawback upon resale, and resale income cap on future buyers.

Projected growth and transactions for 2025

HDB resale prices are expected to continue rising in 2025, but at a slower rate than in previous years, according to OrangeTee. Sun adds that prices have already reached new highs in many areas, causing affordability concerns for many potential buyers.

ERA expects resale prices to grow at a more measured pace in 2025 due to a reduced supply of flats reaching MOP, which has been a key driver of price growth in recent years. They anticipate a growth rate of 3% to 6% in HDB resale prices, with 26,000 to 27,000 resale units changing hands by the end of 2025.

On the other hand, PropNex expects the HDB resale market to perform well in 2025, underpinned by healthy housing demand and fewer MOP flats coming on board. They predict that resale prices may rise by 5% to 7%, supported by a projected resale volume of 29,000 to 30,000 units.

Huttons also projects that HDB resale flat transactions will end the year at 26,000 to 28,000, with prices likely to grow at a slower pace of 5% to 8%. Huttons’ Lee Sze Teck notes that the supply of BTO flats in 2025 will be reduced to 17,290 units, 12% lower than the supply in 2024. He adds that buyers may turn to the resale market for homes as there is no upfront information on the BTO projects with a shorter waiting time.

Furthermore, as interest rates are expected to decrease in 2025, buyers may be able to take on a larger loan amount to purchase a new home. This could also lead to an increased demand for executive condos (ECs) or resale condos. Huttons projects that the million-dollar flat market may stabilise in the range of 900 to 1,200 units in 2025.…

HDB Flash Estimates Show Slight Slowing in Resale Flat Prices

The release of HDB flash estimates on January 2nd revealed that the prices of resale flats had risen by 2.5% quarter-on-quarter (q-o-q) in the fourth quarter of 2024. This growth is slightly slower than the 2.7% q-o-q increase recorded in the previous quarter. The latest figures mark the 19th consecutive quarter of price increases in the HDB resale segment.

According to Christine Sun, the chief researcher and strategist at OrangeTee Group, the flash estimates indicate that HDB resale prices grew by 9.6% in 2024. This is a significant jump from the 4.9% growth recorded in 2023, but still slower than the 10.4% increase in 2022 and the 12.7% growth in 2021.

Slower Price Growth for Some Flat Types, Notes OrangeTee

OrangeTee has noted a slowdown in the price growth for some flat types, according to HDB caveat data from data.gov.sg, which was downloaded at 8:15am on January 2nd. For instance, the median price of four-room flats saw a q-o-q increase of 2.5% in the fourth quarter of 2024, which is lower than the 3.4% growth recorded in the third quarter of the same year.

A similar trend was observed for two-room flats, which saw a 2% q-o-q increase in the fourth quarter of 2024, compared to a 3.9% growth in the previous quarter. Executive flats also registered a slower pace of growth, with a 1.2% q-o-q increase in the fourth quarter of 2024, compared to 1.7% in the third quarter.

On the other hand, the prices of five-room flats grew by 3.2% in the fourth quarter of 2024, which is faster than the 1.2% increase recorded in the third quarter.

Resale Volume Declines in the Fourth Quarter of 2024

The fourth quarter of 2024 saw a decline in resale volume, with 6,314 units sold, a 3.6% decrease year-on-year (y-o-y) from 6,547 transactions in the fourth quarter of 2023. This is also a significant drop of 22.5% q-o-q, from 8,142 units sold in the third quarter of 2024.

Sun attributes the decline in HDB resale transactions primarily to the launch of over 8,500 new flats in the October Build-to-Order (BTO) exercise, with many units in prime and desirable locations. She explains that the attractive features of these flats, such as scenic views and proximity to MRT stations, have diverted demand away from the resale market towards the BTO market.

She also notes that the seasonal year-end school holidays, when many Singaporeans tend to travel abroad, also contributed to the decline in sales and slower growth in the HDB resale price index.

Government Intervention may be Contributing to Slower Growth

Wong Siew Ying, the head of research and content at PropNex, believes that government intervention in August 2024, when the loan-to-value (LTV) limit for HDB loans was reduced by five percentage points to 75%, may also be contributing to the slower pace of growth in the fourth quarter of 2024. She explains that with weaker sales and slower growth in the HDB resale price index, the August 2024 measures are likely to be working through the market, and the thinner resale volume during the quarter may have put a drag on prices.

Resale Volume and Number of Million-Dollar Flat Transactions Decrease in the Fourth Quarter of 2024

The total resale volume for 2024 was 28,876 units, which is an 8% increase from the 26,735 units recorded in 2023, and the 27,896 units sold in 2022. However, it is still lower than the peak of 31,017 units sold in 2021.

In the fourth quarter of 2024, the decline in resale transactions also led to a decrease in the number of million-dollar flat transactions, from 331 in the third quarter to 283 units. Despite this drop, the total number of million-dollar transactions reached a record high of 1,033 units in 2024, which is more than double the 469 million-dollar transactions recorded in the previous year.

Toa Payoh Leads Million-Dollar Resale Flat Deals in the Fourth Quarter of 2024

According to OrangeTee’s Sun, Toa Payoh town had the most million-dollar resale flat transactions in the fourth quarter of 2024, with 58 such deals. Of these, 20 were for four- and five-room units at Alkaff Vista in Bidadari Park Drive, which had recently crossed the five-year minimum occupation period (MOP).

Lim, the key executive officer of ERA Singapore, explains that the new classification of Plus and Prime BTO flats may have driven more homebuyers to seek out HDB resale homes in central locations. These buyers may be unwilling to accept the resale restrictions, such as a 10-year MOP, rental restrictions after MOP, subsidy clawback upon resale, and a resale income cap on future buyers.

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Condo investment offers a range of benefits, one being the potential for leveraging the property’s value to acquire further investments. By using their condos as collateral, investors can secure additional financing to expand their real estate portfolio, potentially increasing their returns. However, this strategy also carries some risks, underscoring the importance of having a solid financial plan and carefully assessing how market fluctuations may impact investments. So if you want to take advantage of the benefits of condo investment, it’s essential to approach it with careful consideration and planning.

HDB Resale Prices Expected to Continue Rising in 2025

According to OrangeTee, HDB resale prices are expected to continue rising in 2025, but at a slower rate than in previous years. Sun explains that in many areas, prices have already reached new highs, creating affordability concerns for many potential buyers. She adds that the ongoing supply of BTO flats is expected to help moderate price growth in the secondary market, but the degree of price stabilisation will depend on the number of BTO flats the government plans to release in the upcoming years.

HDB Launching its Largest Sale of Balance Flats Exercise in February 2025

HDB is set to launch its largest sale of balance flats (SBF) exercise in February 2025, offering more than 5,500 flats across various towns, according to Lee Sze Teck, a senior director of data analytics at Huttons Asia. He notes that some prospective resale flat buyers may have decided to wait to try their luck, which may further reduce the supply of BTO flats reaching the MOP and draw more buyers to the resale market.

Projected Growth in HDB Resale Prices and Transactions in 2025

ERA expects resale prices to grow at a more measured pace in 2025, with a projected growth of 3% to 6%, due to a reduced supply of flats reaching MOP, which has been a key driver of price growth in recent years. Lim anticipates that the volume of resale transactions will reach 26,000 to 27,000 units by the end of 2025.

On the other hand, PropNex expects the HDB resale market to perform well in 2025, with a projected growth of 5% to 7% in resale flat prices. Wong explains that the market will be underpinned by healthy housing demand and fewer MOP flats coming on – possibly keeping resale prices firm. She projects that the resale volume will reach 29,000 to 30,000 units in 2025.

Huttons projects that HDB resale flat transactions will end the year at 26,000 to 28,000 units, with a projected growth of 5% to 8% in resale flat prices. Lee also adds that the supply of BTO flats in 2025 will be further reduced to 17,290 units, which is approximately 12% lower than the supply in 2024. This may also lead to a stabilized million-dollar flat market, with 900 to 1,200 units expected to be sold in 2025.…

When it comes to purchasing a condo, financing plays a vital role. In Singapore, there are various mortgage options available, but it is crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, taking into account their income and existing debt obligations. Working with financial advisors or mortgage brokers can assist investors in comprehending the TDSR and making wise decisions about their financing options. This will also prevent them from becoming overly leveraged. Furthermore, with the added factor of New Condo Launches, it is even more critical for investors to fully understand and carefully consider their financing choices.

Roxy-Pacific Holdings, a leading property developer, is set to introduce their latest development, Bagnall Haus, along Upper East Coast Road this Saturday, Jan 4. The highly-anticipated project, which is a redevelopment of the former Bagnall Court, was acquired by Roxy-Pacific for $115.28 million in February 2023. This translates to a land rate of $1,106 psf ppr.

Bagnall Haus is a freehold development consisting of a low-rise, five-storey block with 113 apartments and two shop units. The unit types offered range from one-bedroom plus flexi, starting from 495 sq ft, to five-bedroom apartments of 1,528 sq ft. Prices for a one-bedroom plus flexi unit start from $1.235 million ($2,495 psf).

According to Roxy-Pacific’s Executive Chairman, Teo Hong Lim, the average indicative price for units at Bagnall Haus will be around $2,450 psf. The launch date for the project will be announced after the preview this weekend.

This upcoming development is conveniently located less than a five-minute walk away from the future Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines, which is set to be completed in 2028. It is also just a five-minute walk to the Upper East Coast Bus Terminal.

Moreover, Bagnall Haus is situated right across the road from a future mixed-use development site in the upcoming Bayshore precinct. This means that residents of the development will have access to the future amenities in the area, as shared by Teo.

The last private condo to be launched in the Upper East Coast neighborhood in District 16 was the Eastwood Regency by Fragrance Group, a 75-unit, freehold boutique apartment project that was launched and completed in 2010. The neighboring Country Park Condo by UOL Group, with a total of 160 units, was launched in 1999 and completed in 2003. Another nearby development, Eastwood Centre, a mixed-use development with 48 residential units on a 99-year lease, was launched and completed in 1996 by Ho Bee Land.

Residents of Bagnall Haus will also have easy access to various amenities in the immediate vicinity, such as the upcoming Bedok Food Court and the Eastwood Centre, which houses a Cold Storage supermarket, medical clinic, dentist, nail and beauty spa, and pet shop.

In terms of education, there are several established schools nearby, including Temasek Primary and Temasek Secondary School, Bedok Green Primary School, and Anglican High School. For those interested in Bagnall Haus, do check out the latest listings for available properties.

Want to know more about the current rental listings in District 16? Or perhaps, interested in recently launched projects or condo sale transactions in the area? Be sure to also compare the price trends between HDB, condo, and landed properties in the vicinity. Lastly, Bagnall Haus offers a total of 113 units, so be sure to not miss out on this exciting opportunity.…

The Orie: New Launch in Toa Payoh by CDL, Frasers Property and Sekisui HouseSingapore’s top property developers, City Developments Limited (CDL), Frasers Property and Sekisui House, have come together to launch their latest residential project, The Orie. Situated in the heart of Toa Payoh, the private condo boasts 777 units and is set to be previewed on Friday, Jan 3, with its official launch scheduled for Jan 18.Spanning across two 40-storey towers, the units at The Orie range from one-bedroom plus study apartments of 517 sq ft to five-bedroom apartments of 1,453 sq ft. Prices of the units are as follows: $1.28 million ($2,476 psf) for a 517 sq ft one-bedroom plus study; $1.48 million ($2,500 psf) for a 592 sq ft two-bedroom; $2.09 million ($2,459 psf) for an 850 sq ft three-bedroom; $2.92 million ($2,401 psf) for a 1,216 sq ft four-bedroom; and $3.48 million ($2,395 psf) for a 1,453 sq ft five-bedroom with exclusive private lift.In order to find out the transaction prices and available units, potential buyers can search for the latest New Launches.AdvertisementAdvertisementThe Orie marks an exciting launch for the private residential market, as it is the first new launch in Toa Payoh since 2016, when Gem Residences was launched. The 578-unit Gem Residences was completed in 2020.The three major property developers came together to submit the highest bid for a Government Land Sales (GLS) site at Lorong 1 Toa Payoh, with a joint bid of $968 million, which translates to a land rate of $1,360 psf per plot ratio (ppr) for the site. CDL, Frasers Property and Sekisui House each hold a 50:25:25 split in the joint venture.”We are excited to kickstart the New Year with the launch of The Orie, the first new private condo launch in Toa Payoh in over eight years,” says Sherman Kwek, group CEO of CDL. “With its location in the vibrant and highly sought-after Toa Payoh estate, homebuyers will benefit tremendously from its central location and excellent connectivity.”The Orie is strategically located at Lorong 1 Toa Payoh, at the intersection with Lorong 4 Toa Payoh, and is only a five-minute walk to Braddell MRT Station on the North-South Line (NSL). The future owners of The Orie will also benefit from the upcoming Toa Payoh Integrated Transport Hub, which will connect Toa Payoh Bus Interchange to Toa Payoh MRT station. This new 12-ha integrated development and community hub is set to be completed in 2030. It will include a comprehensive sports centre with swimming pools, indoor sports halls and other sports facilities, a football stadium, a polyclinic, as well as a public library.Located within District 12 in the city fringe or Rest of Central Region (RCR), The Orie offers seamless access to the Central Business District (CBD) and Orchard Road shopping belt, remarks Soon Su Lin, CEO of Frasers Property Singapore.The Orie offers more than 40 condominium facilities, units with efficient layouts, quality fittings by Hansgrohe, bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung.Sekisui House also expresses excitement over this “new partnership” with CDL, according to Takehisa Yanagi, managing officer and head of international development department at Sekisui House. However, he pointed out that this is not their first collaboration with Frasers Property, as the two developers have worked together on numerous projects in Singapore over the past 13 years.As for nearby amenities, residents can expect to find a variety to choose from, as The Orie is conveniently located near the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and MacRitchie Reservoir. Families with children will also find the development ideal as there are several renowned schools in the area, including Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, and First Toa Payoh Primary School.Meanwhile, for healthcare facilities, residents can look forward to being close to the Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital and Thomson Medical Centre.Budding homebuyers who are keen on The Orie can utilise EdgeProp Landlens or search for listings on the latest New Launches to stay updated on the latest transaction prices and available units. They can also refer to EdgeProp Buddy for more options.See Also:8 must-ask questions about your home loanBuilding a great property portfolio in 2020

In Singapore, investing in condos is a significant consideration, but not without taking into account the government’s property cooling measures. Over the years, the Singaporean government has implemented several measures to control speculative buying in the real estate market and maintain its stability. These measures, such as the Additional Buyer’s Stamp Duty (ABSD), impose higher taxes on foreign buyers and those purchasing multiple properties. While they may impact short-term profitability, they also contribute to the long-term stability of the market, creating a safer investment environment. It is important to consider these measures when exploring condo investments, including new condo launches, in Singapore.

The Orie: New Launch in Toa Payoh by CDL, Frasers Property and Sekisui House

Singapore’s top property developers, City Developments Limited (CDL), Frasers Property and Sekisui House, have come together to launch their latest residential project, The Orie. Located in the heart of Toa Payoh, the private condo boasts 777 units and is set to be previewed on Friday, Jan 3, with its official launch scheduled for Jan 18.

Spread across twin 40-storey towers, the units at The Orie range from one-bedroom plus study starting at 517 sq ft, to five-bedroom apartments of 1,453 sq ft. Prices of the units start from:$1.28 million ($2,476 psf) for a 517 sq ft one-bedroom plus study;$1.48 million ($2,500 psf) for a 592 sq ft two-bedroom;$2.09 million ($2,459 psf) for an 850 sq ft three-bedroom;$2.92 million ($2,401 psf) for a 1,216 sq ft four-bedroom; and$3.48 million ($2,395 psf) for a 1,453 sq ft five-bedroom with exclusive private lift.

To find out the transaction prices and available units, potential buyers can search for the latest New Launches.

Advertisement

The Orie is a significant launch for the private residential market as it is the first new launch in Toa Payoh since 2016 when the 578-unit Gem Residences was launched, with the project being completed in 2020.

The three major property developers jointly submitted the highest bid for a Government Land Sales (GLS) site at Lorong 1 Toa Payoh. Their joint bid of $968 million translates to a land rate of $1,360 psf per plot ratio (ppr) for the site. The joint venture is split 50:25:25 between CDL, Frasers Property, and Sekisui House.

“We are excited to kickstart the New Year with the launch of The Orie, the first new private condo launch in Toa Payoh in over eight years,” says Sherman Kwek, group CEO of CDL. “With its location in the vibrant and highly sought-after Toa Payoh estate, homebuyers will benefit tremendously from its central location and excellent connectivity.”

The Orie is strategically located at Lorong 1 Toa Payoh, at the intersection with Lorong 4 Toa Payoh, and is only a five-minute walk to Braddell MRT Station on the North-South Line (NSL). Future owners of The Orie will also benefit from the upcoming Toa Payoh Integrated Transport Hub, which will connect Toa Payoh Bus Interchange to Toa Payoh MRT station. This new 12-ha integrated development and community hub is set to be completed in 2030. It will include a comprehensive sports centre with swimming pools, indoor sports halls and other sports facilities, a football stadium, a polyclinic, as well as a public library.

Located within District 12 in the city fringe, or Rest of Central Region (RCR), The Orie provides seamless access to the Central Business District (CBD) and Orchard Road shopping belt, remarks Soon Su Lin, CEO of Frasers Property Singapore.

The Orie offers more than 40 condominium facilities, units with efficient layouts, quality fittings by Hansgrohe, bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung.

Sekisui House is also excited for this “new partnership” with CDL, according to Takehisa Yanagi, managing officer and head of international development department at Sekisui House. However, he points out that this is not their first collaboration with Frasers Property, as the two developers have worked together on numerous projects in Singapore over the past 13 years.

As for nearby amenities, residents can expect to find a variety to choose from, as The Orie is conveniently located near the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and MacRitchie Reservoir. Families with children will also find the development ideal as there are several renowned schools in the area, including Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, and First Toa Payoh Primary School.

Meanwhile, for healthcare facilities, residents can look forward to being close to the Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena…