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Investing in Condos in Singapore has become a highly sought-after venture for investors, both local and international, in recent times. This is due to the country’s strong economy, stable political climate, and exceptional quality of life, making it an ideal location for property investments. The thriving real estate market in Singapore offers a variety of opportunities, and Condos have emerged as a top choice for their convenience, amenities, and potential for lucrative returns. This article aims to delve into the advantages, key considerations, and necessary steps involved in venturing into a Condo investment in Singapore. With the numerous benefits of owning a Condo, it has become a highly attractive option for investors looking to add Condo to their investment portfolio.

Perennial Holdings and Far East Organization revealed their vision for the rejuvenated Golden Mile Singapore at a press conference on Dec 10. The iconic former Golden Mile Complex will now be known as The Golden Mile, with a refreshed look that preserves its unique tropical linear urban complex design with brutalist architecture. This marks Singapore’s first large-scale strata-titled conserved building.

The Golden Mile will feature 156 Grade A office units, 19 medical suites, a two-storey retail component spanning 123,388 sq ft, and a public access architecture centre. These will be available for sale this month, with the exception of the medical suites and office units, for which pricing has not been released yet.

A new 45-storey residential tower, Aurea, will also be built on the former residential carpark area and is set to be previewed in the next quarter. Pua Seck Guan, CEO of Perennial Holdings, fondly remembers the vibrant and eclectic retail mix that defined the heyday of Golden Mile Complex in the 1970s. However, over the years, as the strata-titled ownership changed hands, the building’s status as a prime mixed-use development declined. Perennial Holdings and Far East Organization are determined to restore and elevate The Golden Mile’s status as a next-generation urban complex in Singapore.

The joint venture partners have collaborated with DP Architects and Studio Lapis to bring their vision for Golden Mile Singapore to life. DP Architects (previously known as Design Partnership) was the original architect responsible for the iconic design and mixed-use concept of Golden Mile Complex. In the past, the development’s strata area was divided into 40% for retail, 41% for offices, and 19% for residential use.

With the refreshed Golden Mile Singapore, retail will now take up 15% of the strata area, offices will occupy 48%, and residential units will make up 30%. The new medical suites and architecture centre will take up the remaining 7%. Public access urban gardens will also be created on the 9th and 18th floors, utilizing previously vacant spaces in the complex, including the building’s rooftop which will be converted into a sky garden.

The revamped two-storey retail atrium will feature a new event space and F&B offerings, bringing back the original design’s natural light and ventilation. The joint venture partners will be curating and retaining these retail units, as they are not available for sale. Pua Seck Guan explains that retail is not a significant component at The Golden Mile, and it will serve to complement the offices and residences in the complex.

The preview for the strata-titled office units will be launched this month, featuring six different layouts to cater to a variety of users. The office suites will have a dedicated lobby, and new lift cores will support the office floors, replacing the previous two end lift cores. The new office lobby will also feature a 6m high ceiling and modern facilities like a concierge and centralized access control.

The Flagship office units on the 4th-7th floors will have a dedicated lift lobby for direct access to the basement carpark and retail floors, with two toilets in each unit. These units span 1,378 sq ft to 4,682 sq ft. The Loft Suites on the 4th floor and Loft Executive units on the 5th floor will have full-height windows with views of Beach Road, ranging from 710 sq ft to 2,034 sq ft.

The Loft Mezzanine units on the 6th-15th floors will enjoy bay views and come with a double-volume ceiling, balcony, and a dual-key design. These units are a combination of two former residential units, with a portion of the ceiling removed to form a single office unit with a double volume ceiling of about 5.4m. Access to the upper office space will be through a staircase, which has its own entrance or can be accessed from the lower floor. Units span 1,528 sq ft to 2,799 sq ft.

The Enterprise Office units on the 16th and 17th floors, which used to be penthouses, offer panoramic views of the city and bay. Each unit comes with two toilets and spans 1,851 sq ft to 3,122 sq ft. The top four floors house the newly built Crown Office units, with four units per floor, except for the penthouse level, which features two units. These units range from 3,315 sq ft to 5,393 sq ft.

Pua Seck Guan believes that the office units, especially the Loft Mezzanine units, will appeal to family offices. The other layouts will also cater to various corporate tenants, creating a mix of tenants from different industries and market segments. The Golden Mile will truly be a next-generation urban complex, comprising a good mix of tenant profiles.…

A heritage shophouse located at 76 Pagoda Street in Chinatown is currently on the market for sale through an expression of interest (EOI) exercise. The asking price for this three-storey property is $16 million.

Occupying a land area of 1,372 square feet, this 99-year leasehold commercial shophouse boasts a gross floor area (GFA) of 3,500 square feet, which includes an attic level. Based on the GFA, the guide price translates to about $4,571 per square foot.

According to Richard Tan, the founder of PropNex Shophouse Elites and sole marketing agent for the property, the ground and second floors are currently tenanted by a restaurant operator, while the third floor is being used as office space.

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Tan also adds that commercial shophouses in the Chinatown area are highly sought after by owner-occupiers, high-net-worth individuals, or family offices as long-term investment assets. As this is a commercial property, foreigners and companies are eligible to purchase it without being subject to additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD).

In March, a shophouse on Pagoda Street was sold for $19 million, which translates to $5,588 per square foot. The latest EOI exercise for the shophouse at 76 Pagoda Street will close on January 10, 2025.

Meanwhile, another property currently on the market is a two-storey HDB shophouse located at 210 New Upper Changi Road. This 103-year leasehold property has a GFA of 4,607 square feet and is being marketed by Kris Ng, senior associate marketing director of PropNex. The guide price for this shophouse is $13.8 million, which translates to $2,995 per square foot based on the GFA.

Ng highlights that the property’s main selling point is its long-term, stable tenants. For the past 20 years, the shophouse has been leased by a healthcare retailer, Guardian, and United Overseas Bank (UOB).

Investing in a condo requires careful consideration of financing options. Singapore provides a variety of mortgage choices, but it is crucial to take note of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan a borrower can take based on their income and current debt obligations. To avoid over-leveraging, it is essential for investors to familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, adding Singapore Projects to the mix can offer a wider range of investment opportunities for potential investors. This can help them make informed decisions when it comes to financing their condo investments in Singapore.

Situated within the Bedok Town Centre, this shophouse is in close proximity to Bedok MRT Station, Bedok Mall, and Heartbeat@Bedok. As it is a commercial property, it is eligible for purchase by foreigners and companies without having to pay ABSD or SSD.

The EOI exercise for 210 New Upper Changi Road will close at noon on January 10, 2025. Interested parties can also check out other commercial property listings and compare the price trends between commercial and industrial properties.…

The Great Room, a leading co-working space provider, has recently opened its second location in Australia, partnering with LendLease at One O’Connell Street in Sydney. This flexible workspace covers an impressive 25,360 sq ft across levels 14 and 15 of the office building, which was built in 1991 and is located in the heart of the Sydney CBD.

Investing in a Singapore Condo offers a variety of advantages, one of which is the potential for capital appreciation. As a global business hub with a strong economy, Singapore attracts a constant demand for real estate. This has resulted in a consistent upward trend in property prices, particularly for condos in prime locations. By investing in the market at the opportune moment and holding onto their properties for the long term, investors can reap significant capital gains. This makes owning a Singapore Condo a lucrative investment opportunity.

Speaking about the partnership with LendLease, CEO of The Great Room, Jaelle Ang, says, “Collaborating with LendLease for long-term investment and value creation ensures that our new space at One O’Connell Street will offer a unique premium product and achieve sustainable profitability.”

Earlier this year, The Great Room marked its entry into the Australian market with its first location at level 29 of 85 Castlereagh Street in Sydney. Founded in Singapore, the company now operates 12 locations across Singapore, Bangkok, Hong Kong, and Sydney.

In Singapore, The Great Room has recently expanded its reach by launching Csuites Powered by The Great Room at Paya Lebar Quarter – its first outlet outside the CBD. This space, which opened in October, offers private manager cabins, soundproof meeting rooms, floor-to-ceiling windows, and ergonomic workstations customized for comfort and height.

As part of its efforts to foster a sense of community among its members, The Great Room holds monthly networking sessions and panel discussions. Since its acquisition by the New York-based co-working business Industrious in 2022, members of The Great Room also have access to 160 locations operated by both brands across Asia Pacific, Europe, North America, and the UK.…

The government is taking measures to ensure a steady supply of private residential units to meet housing demand and maintain market stability. As part of the 1H2025 Government Land Sales (GLS) programme, a total of 8,505 units will be offered in the Confirmed List and Reserved List.

Under the Confirmed List, ten plots will be made available, including nine residential sites and one residential cum commercial site. These plots are expected to yield a total of 5,030 residential units, including 980 units for executive condos (ECs). This number is similar to the 5,050 units offered in the Confirmed List of the previous 2H2024 GLS programme, but significantly higher than the average supply in the GLS programmes from 2021 to 2023.

In addition, the Reserved List includes four private residential sites, one commercial site, three White sites, and one hotel site, which could potentially yield an additional 3,475 private residential units and 199,900 sqm (2.15 million sq ft) of commercial space.

The government has been gradually increasing the supply of private housing through the GLS programmes over the past three years. This has resulted in an increase in the inventory of private residential units available for sale, from 16,100 units at the end of 2021 to around 21,000 units as of end-2024. This has also helped to stabilize the private residential market, as seen in the moderation of property price growth. For instance, the URA private residential property price index shows a decrease in price growth from 10.6% in 2021 to 6.8% in 2023.

Moving forward, it is expected that private residential prices will continue to see a more modest increase, with a projected 1.6% increase in the first three quarters of 2024. To mitigate rising land prices for ECs, the government has increased the supply of EC sites, with three plots offering 980 units in the 1H2025 Confirmed List. This is a change from the previous GLS programmes, which only offered one EC site in each half-yearly land sales programme.

The upcoming 1H2025 GLS programme includes seven new plots, including locations near MRT stations and new housing precincts. These plots are expected to attract developers and homebuyers alike, with the most desirable ones being the mixed-use site in Hougang Central, a plot near Lakeside MRT station, and a site near Jurong East commercial hub.

Investing in a condo in Singapore offers several advantages, with one of the most significant being the potential for capital appreciation. As a global business hub, Singapore boasts a strategic location and strong economic fundamentals, which result in a consistent demand for real estate. This demand has contributed to a steady increase in property prices over the years, particularly in prime locations. Therefore, investors who time their entry into the market well and hold onto their properties for an extended period can reap the benefits of substantial capital gains. In addition, exploring the various Singapore projects available can provide valuable insights into the best investment opportunities in the city.

It is worth noting that the URA has provided more flexibility for the residential plot in Upper Thomson Road (Parcel A) this time, allowing for serviced apartment/long-stay serviced apartment use with approval from technical agencies.

In the previous GLS tenders, three plots were not awarded due to low bids, including Marina Gardens Crescent, the Jurong Lake District master developer site, and plots in Media Circle (for long-stay serviced apartment use). These sites are now placed on the 1H2025 Reserved List.

Overall, the government’s measures to ensure a steady supply of private residential units have contributed to market stability. With the upcoming GLS programme, it is expected that the private residential market will continue to see moderate growth.…

When it comes to investing in condominiums in Singapore, one must also carefully consider the impact of the government’s property cooling measures. Through the years, the Singaporean government has implemented various measures to control speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which requires higher taxes for foreign buyers and those purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment environment. As such, it is important to keep an eye on new condo launches to stay updated on the changing landscape of Singapore’s real estate market.

St William, a division of London-listed real estate corporation Berkeley Group, has launched a new residential project called Regent’s View in London. Located in Zone 2 of the city, it is a unique adaptive reuse scheme that has transformed a decommissioned Victorian-era gasholder site into a brand-new mixed-use development.

The project, which consists of 555 units, has already received global acclaim after being awarded “Best Future Residential Project” at the 2024 World Architecture Festival in Singapore. The development is being marketed to key Asian markets for the first time.

St William was established in 2014 as a joint venture between Berkeley Group and London’s National Grid, with the purpose of redeveloping decommissioned industrial sites into residential and community spaces. In 2022, Berkeley Group acquired National Grid’s stake in St William, giving it ownership of 24 brownfield sites across London for its long-term landbank. Currently, St William is developing or in the process of developing about six of these sites.

Regent’s View, which spans 4.5 acres in East London, is located along the banks of Regent’s Canal in the borough of Tower Hamlets. The site, formerly known as the Bethnal Green Gasholders, has been a landmark of the area since the 1850s. The largest gasholder frame on the site is 146 feet tall and has a 200-foot diameter.

While most of the gasholder frames were decommissioned in 2012, St William and its architect partner, RSHP, have decided to incorporate them into the design of the new residential project. The frames, which are icons of the cityscape, will be an integral architectural element of Regent’s View.

The project features five contemporary residential buildings ranging from six to 13 stories, surrounding a landscaped park. Two of the residential towers are framed by restored gasholder structures. Residents will have access to 555 private and affordable homes, as well as 45,000 square feet of ground-floor commercial and community spaces, including a refreshed 100-meter public-access canal frontage. This marks the first time in over 150 years that public access will be restored to this stretch of Regent’s Canal, with new F&B offerings activating the area.

Preservation was a key consideration in the development of Regent’s View, with over 8,000 local residents signing a petition for the site’s preservation when it was being considered for redevelopment by the local council and St William. Despite the controversy, the Tower Hamlets council voted in favor of the project, and it took St William nearly five years to conceptualize and incorporate the gasholder frames into the design of the new blocks.

St William worked closely with the local community to find ways to preserve the gasholder frames, achieve their affordable housing targets, and rejuvenate the canal front through placemaking activities. The result is a design that celebrates the historical industrial heritage of the site and preserves the gasholder frames as an important part of the cityscape.

The ground floors of the five buildings are set aside for non-residential use, with the two largest gasholder structures featuring public-facing commercial amenities such as cafes, bars, and restaurants. The ground floors of the other three buildings will contain resident-exclusive spaces like the concierge and facilities.

In addition to Regent’s View, St William is also developing another industrial brownfield site featuring heritage gasholder frames in the borough of Newham. The site, spanning 23 acres and containing seven Victorian-era gasholder frames, will be transformed into a 2,000-unit mixed-use project, with development expected to begin next year.

After launching the initial sales of The Wright Building, a six-story block featuring one- to three-bedroom units, in 2021, St William launched the sale of The Westwood Building in September. This six-story block features one- and three-bedroom units, with prices ranging from GBP585,000 to GBP1.68 million.

The strong interest from international buyers, particularly from Asian markets, can be attributed to Regent’s View’s proximity to key educational institutions and local amenities, as well as its connectivity to major transport hubs in central London. The project’s third sales phase, which will include larger three-bedroom units, is expected to attract even stronger buying interest due to its prime location and unique design.…

When contemplating a condo investment, it is crucial to evaluate the achievable rental yield. Rental yield refers to the annual rental income as a percentage of the property’s buying price. In Singapore, condos’ rental yields can differ greatly based on various factors, such as location, condition of the property, and market demand. Generally, areas with a high demand for rentals, like those close to business hubs or educational institutions, offer a more attractive rental yield. Thorough market research and seeking guidance from real estate agents can provide valuable insights into the rental potential of a particular condo. Singapore Projects should also be considered when assessing the rental yield.

A 1,485 sq ft, three-bedroom unit at Gambier Court, a boutique condo in the prime District 9 area along Kim Yam Road, will be up for auction by Knight Frank Singapore on Dec 12. With a guide price of $2.6 million, this translates to $1,755 per square foot based on the floor area.

According to the caveats lodged, the seller had bought the property in a resale transaction for $1.8 million, or $1,212 psf, in October 2018. This is an owner’s sale, and it is the second time that the unit is being put up for auction. It was previously offered at Knight Frank Singapore’s auction on Nov 26 with a higher guide price of $2.64 million, or $1,778 psf, but it did not receive any bids.

The owner is selling the unit to move to a home closer to their children’s school, according to Tricia Tan, director of auction and sales at Knight Frank. The property will be sold with vacant possession.

The unit is located on the eighth floor and boasts three bedrooms and a study area. Originally, it was a four-bedroom unit, but one of the previous owners had converted it into a three-bedroom space, explains Tan. She adds that this reconfiguration provides the future owner with a more spacious floor plan, making it ideal for local and expat families with children.

The balcony of the unit faces northeast, giving the owner unobstructed views of the sea and the Singapore River. Gambier Court, a 99-year leasehold condo, was completed in 1999 and comprises 21 units. This includes 18 apartments spread across a 10-storey block and three strata-landed properties housed in conserved shophouses.

The apartments offer a mix of two- to four-bedroom units spanning between 936 sq ft and 2,530 sq ft. The three strata-landed units are two-storey homes with an attic, ranging between 2,562 sq ft and 2,885 sq ft.

The development is situated within walking distance to Fort Canning MRT Station on the Downtown Line and is surrounded by a variety of F&B and retail options. This includes the new lifestyle hub, New Bahru at Kim Yam Road (formerly Nan Chiau High School), as well as Robertson Quay, UE Square, and Clarke Quay.

The latest transaction at Gambier Court was for a 1,485 sq ft, four-bedroom unit located on the seventh floor. It was sold for $2.5 million, or $1,683 psf, in December 2022, according to Realis caveats. The previous owner had purchased the unit for $1.9 million, or $1,279 psf, in August 2016, making a net profit of $600,000. For more Gambier Court properties for sale, check out the latest listings.…

Gallop Gables, a freehold condominium, has seen a new record of $2,299 psf from the sale of a four-bedroom unit on Nov 20. The 2,669 sq ft unit was sold for $6.14 million, earning the seller a gain of $1.64 million compared to the purchase price of $4.5 million in July 2017. This beats the development’s previous high of $2,108 psf from a two-bedroom unit on Feb 19. In the same sale, the 1,163 sq ft unit on the third floor was sold for $2.45 million, earning the seller a profit of $380,000 compared to the purchase price of $2.07 million in Jan 2021. The condo also saw an average psf-price increase of 8% this year compared to last year. The Scala, a 99-year leasehold condo in District 19, surpassed the $2,000 psf mark for the first time with the sale of a 1,259 sq ft unit at $2,064 psf on Nov 20. This marks a significant rise compared to the previous record of $1,969 psf set by a 904 sq ft unit on Sept 9. The condo has seen 16 resale transactions this year, with an average price of $1,823 psf, an 8% increase from last year’s average price of $1,688 psf. Sims Edge, a freehold condo in District 14, also achieved a new record of $1,907 psf with the sale of a 409 sq ft unit on Nov 22. The previous record was $1,834 psf from the sale of a unit on Jan 18. The condo has seen a total of five resale transactions this year, with an average price of $1,800 psf compared to last year’s average price of $1,644 psf. No new psf-price lows were recorded during the period in review.

The scarcity of land in Singapore is a major factor contributing to the high demand for condos in the country. Despite being a vibrant and rapidly growing nation, Singapore is faced with limited space for development due to its small island size. This has resulted in strict land use regulations and a competitive real estate market, where property prices continue to soar. As a result, the real estate market, and specifically condos, have become a lucrative investment opportunity with the potential for significant capital gains. This trend is evident in the numerous Singapore Projects that are continuously popping up to meet the demand for stylish and modern living spaces.…

Resale condo prices in Nov 11 – 17Neighbourhoods with the highest profits over 2 years

The transaction of a four-bedroom unit measuring 2,885 sq ft at Ardmore Park was the top-performing resale condo deal for the week of November 19 to 26. This 14th-floor unit was sold for $11.25 million ($3,900 psf) on November 22. The previous owner purchased the unit in September 2016 for $8.2 million ($2,843 psf), resulting in a profit of $3.05 million or 37%, with an annualized profit of 4.6% over eight years.

This sale comes just two months after another four-bedroom unit of the same size on the 23rd floor was sold for $12.7 million ($4,402 psf) on October 1. The previous owner bought the unit in September 2010 for $9.7 million ($3,363 psf), making a profit of $3 million, or 30.9%.

The 2,885 sq ft unit at Ardmore Park was sold for $11.25 million ($3,900 psf) on November 22 (Picture: Samuel Isaac Chua/)Ardmore Park is a freehold condo consisting of 330 units, located in the prestigious Ardmore Park area in District 10. Completed in 2001, the luxury condo has three 30-storey towers and mainly comprises four-bedroom apartments measuring 2,885 sq ft. There are also six duplex penthouses measuring 8,740 sq ft.

Read also: Is it a Good Deal?: A freehold three-bedder in Bukit Timah sold for $2,144 psf, netting over $2 million profitAdvertisementAdvertisementApart from the units sold on November 22 and October 1, there have been four other profitable resale transactions at the development this year. All four transactions involved four-bedroom units of 2,885 sq ft, selling for prices ranging from $4,108 psf to $4,472 psf. The sellers reaped profits between $2.65 million and $7.07 million.

The second most profitable resale deal during the week was for a four-bedroom unit at Goldenhill Park Condominium. The 1,539 sq ft unit on the 16th floor was sold for $3.43 million ($2,228 psf) on November 21. The seller, who bought the unit directly from the developer in May 2001 for $1.14 million ($741 psf), made a profit of $2.29 million, representing a whopping 201% gain. The previous owner had held onto the unit for 23.5 years.

This is the second-highest profit recorded at Goldenhill Park Condominium to date. The highest profit belongs to a four-bedroom penthouse measuring 2,928 sq ft, which was sold for $4.3 million ($1,469 psf) in February 2022. The previous owner had bought the unit from the developer for around $2 million ($683 psf) in April 2001, making a gain of $2.3 million.

A 1,539 sq ft unit at Goldenhill Park Condominium was sold for $3.43 million ($2,228 psf) on November 21, reaping a profit of $2.29 million (Picture: Samuel Isaac Chua/)Goldenhill Park Condominium is a freehold development located on Mei Hwan Drive, off Ang Mo Kio Avenue 1 in District 20. Completed in 2004, the condo offers 390 units ranging from two-bedroom to four-bedroom apartments measuring between 926 sq ft and 2,928 sq ft. It is situated close to the Lorong Chuan MRT Station on the Circle Line.

There have been five other profitable resale transactions at the development this year, with the units selling for prices between $2,082 psf and $2,246 psf. The sellers made profits ranging from $760,000 to $1.91 million.

The most unprofitable condo resale transaction during the week was the sale of a four-bedroom unit at The Oceanfront @ Sentosa Cove. The 2,831 sq ft unit on the 10th floor sold for $4.7 million ($1,660 psf) on November 20. The previous owner had bought the unit in May 2007 for $5.8 million ($2,050 psf), incurring a loss of $1.1 million (19%) over 17.5 years.

Read also: Three-bedder at Maple Woods sold for $2 mil profitAdvertisementOn November 20, a 2,831 sq ft unit at The Oceanfront @ Sentosa Cove was sold for $4.7 million ($1,660 psf), resulting in a loss of $1.1 million (Picture: Samuel Isac Chua/)The Oceanfront @ Sentosa Cove is a 99-year leasehold condo situated in the exclusive Sentosa Cove residential enclave. Completed in 2010, the waterfront condo has 264 units spread over five towers, ranging from 12 to 15 storeys in height. The development offers two-, three- and four-bedroom apartments measuring between 1,216 sq ft and 4,284 sq ft, as well as penthouses ranging from 2,745 sq ft to 8,095 sq ft.

Based on caveats lodged, there have been six other resale transactions this year at The Oceanfront @ Sentosa Cove, with the units selling for prices between $1,500 psf and $1,999 psf. Four of these deals resulted in losses ranging from $30,000 to $519,000, while the other two transactions were profitable, with the sellers making gains of around $268,000 and $1.7 million, respectively.

An added advantage of investing in a condominium is the opportunity to leverage its value for future investments. Numerous investors utilize their condos as security to acquire additional funds for new ventures, allowing them to grow their real estate portfolio. This tactic has the potential to enhance profits, however, it is important to have a solid financial strategy in place and carefully assess the potential effects of market changes. With the added option of Singapore projects, investors have even more opportunities to expand their real estate portfolio through leveraging the value of their condominium investment. It is crucial to carefully consider the risks involved, but the potential for increased returns makes this a viable option for many investors.

Explore the latest listings for condosAsk BuddyCompare price trends of new condo sales vs EC salesMost unprofitable condo transactions in the past yearCondo projects with the most unprofitable transactionsLanded transactions with the highest profits in the past yearRecently launched projectsCompare price trends of new condo sales vs EC salesMost unprofitable condo transactions in the past yearCondo projects with the most unprofitable transactionsLanded transactions with the highest profits in the past yearRecently launched projectsRELATED NEWSApartment at Veranda sold for $1.67 million in profitsThree-bedroom unit at Spanish Village sold for $2.7 million in profitsFour-bedroom unit at Ardmore Park sold for $6.5 million in profitsResale condo prices in November 11 – 17Neighborhoods with the highest profits over two years…

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.…