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Location plays a crucial role in real estate investment, and this is particularly evident in Singapore. Condominiums strategically situated in central areas or in close proximity to essential amenities like schools, shopping malls, and public transportation hubs tend to experience a higher appreciation in value. Prime locations in the city include Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown growth. With top-rated schools and educational institutions nearby, these areas also attract families, making condominiums in these locations even more desirable and increasing their investment potential. The addition of New Condo Launches only adds to the appeal of these sought-after areas for real estate investment.

A new report by PwC and the Urban Land Institute (ULI) has identified low yields and sluggish transaction volumes as top concerns among property investors in the Asia Pacific (APAC) region.

The Emerging Trends in Real Estate Global Outlook, published on March 12, compiles investor sentiment from global asset managers, including Blackstone, Savills Investment Management, and CBRE Investment Management. According to the report, over 70% of survey respondents highlighted low yields, persistently high interest rates, and geopolitical tensions as the top three concerns among investors.

The report also notes that Asia Pacific continues to be seen as an attractive market for diversification by industry leaders, thanks to its population growth, demographic metrics, and divergent monetary policies. However, while real estate transactions in the region grew by 13% year-on-year to US$173.5 billion ( $231.3 billion) last year, it was outperformed by Europe’s 12% growth and the Americas’ 11% growth.

As Europe and North America prepare to enter a new capital markets cycle, transaction volumes in APAC are expected to remain sluggish. The region’s liquidity was affected by a drop in transaction volume last year, with China experiencing a 25% year-on-year contraction to US$418.3 billion ($557.6 billion) and Hong Kong SAR seeing a 1% year-on-year dip to US$15.7 billion ($20.9 billion).

Meanwhile, investors in Europe are grappling with different concerns, with international political instability, the escalation of war, and economic growth named as the top three concerns among asset managers.

Data from MSCI, a leading US-based research and data analytics company, also shows that US commercial property prices stabilized last year, ending the year down just 0.7%. This could lead investors to shift their focus and capital to these regions in the coming months.

The report also revealed that data center assets scored highest for investment and development prospects across all three regions in 2025. According to New York-based research firm Green Street, global demand for data centers reached record levels last year, with asking rents growing at a double-digit pace. MSCI also predicts 2024 to be a standout year for the asset class, with acquisitions of existing data centers expected to increase by over 60% in the US.

Last September, Blackstone and the Canada Pension Plan Investment Board (CPP) acquired data center firm AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for over US$16 billion ($21.3 billion). This deal set records for the largest commercial real estate deal in Asia Pacific and globally for 2024.…

A 999-year leasehold conservation shophouse located at 20 Liang Seah Street has been listed for sale for $15 million. The property will be available for purchase through an expression of interest (EOI) exercise, managed by SRI Capital Market, the exclusive marketing agent for the property.

This three-storey shophouse is situated on a 1,129 sq ft plot that is zoned for residential and commercial use, with a gross plot ratio of 4.2 under the latest Master Plan. The property has a built-up area of 2,635 sq ft, and the guide price of $15 million translates to a price of $2,635 per square foot.

Owning a condo in Singapore offers numerous benefits, with one of the key advantages being the potential for capital appreciation. As a global business hub, Singapore’s strategic location and robust economic fundamentals result in a constant demand for real estate. The real estate market in Singapore has consistently demonstrated an upward trend in property prices, particularly for condos in prime areas. Savvy investors who make smart purchases and hold onto their properties for an extended period of time can reap the rewards of significant capital gains. To take advantage of this lucrative opportunity, consider investing in a Singapore Condo and watch your investment grow over time.

The ground floor and second floor of the shophouse have been approved for restaurant use, while the top floor is currently leased out for residential purposes. This property falls within the Beach Road secondary settlement conservation area, which allows for the construction of up to five storeys for new extensions, subject to approvals.

According to Low Choon Sin, the managing partner of SRI Capital Market, the property is an attractive option for end-users such as F&B tenants or corporate offices. This is due to the fact that the residential space on the third floor can be used to accommodate staff members. Additionally, the shophouse boasts a prominent frontage along Liang Seah Street, making it visible to the high volume of vehicular traffic passing through during the day. It is also conveniently located near various restaurants and shops in the bustling Bugis area.

Low also highlights the potential for long-term investment in this property, as it offers a 999-year leasehold tenure. He also points to the ongoing rejuvenation of the Bugis area, with the completion of new landmark developments such as Guoco Midtown and the upcoming Shaw Towers, which will further enhance the vibrancy of the area.

The EOI exercise for the sale of 20 Liang Seah Street will close on April 10. This property presents a great opportunity for investors to acquire a 999-year leasehold property that can be held for the long term, taking advantage of the thriving Bugis area. Other notable properties listed for sale include shophouses on Pagoda Street, retail space and car park at Holland Road Shopping Centre, and three conservation shophouses in Little India, with prices starting from $7.2 million.…

The recent introduction of New Condo Launches in Singapore has garnered considerable attention from foreign investors, presenting an alluring investment opportunity. While these ventures may appear appealing, it is essential for potential buyers to have a comprehensive understanding of the various regulations and limitations surrounding property ownership before making a final decision.

In comparison to landed properties, condos typically have less strict ownership guidelines, making them a viable option for foreigners to acquire. However, they are still subject to the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their first property purchase. Despite this additional cost, the steady market growth and potential for appreciation in the Singapore real estate market continue to make it a highly sought-after choice for foreign investors. Therefore, New Condo Launches have become a top consideration for many individuals looking to invest in the thriving Singapore market.

The long-standing feud between father and son at City Developments has finally come to an end, with chairman Kwek Leng Beng dropping legal actions against a group of directors led by his son, group CEO Sherman Kwek. In addition to the two Kweks, two newly appointed independent directors, Jennifer Duong Young and Su Yen Wong, will continue to serve on the board.

In a joint statement, the board members have agreed to set aside their differences for the sake of the company and its stakeholders. “We will all continue to focus on strengthening CDL’s business, adhering to good corporate governance, and maximizing shareholder value,” the statement reads. This decision comes after the recent resignation of Dr. Catherine Wu and allegations made by Kwek Leng Beng regarding the board’s coup.

The board’s primary goal remains the growth and success of CDL, including the completion of various developments in Singapore and globally, expanding the Millennium & Copthorne brand, and continuing the company’s capital recycling efforts. With this issue now resolved, CDL can move forward with a united front to achieve its objectives. In other news, CDL has acquired five PBSA assets in the UK for a total of $357 million and has also offered a portfolio of 11 strata shops at The Venue Shoppes for $40.77 million.…

Investing in a Singapore condo presents a promising opportunity with its host of benefits. The city-state’s real estate market boasts high demand, potential for capital appreciation, and attractive rental yields, making it a coveted destination for investors. However, before making any investment decision, it is crucial to consider various factors such as location, financing options, government regulations, and market conditions. By conducting thorough research and seeking professional advice, investors can make well-informed choices and maximize their returns in Singapore’s dynamic real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer searching for a stable and profitable investment, Singapore condos, like Singapore Condo, offer a compelling opportunity.

Steve Leung Design Group (SLD) is a highly-respected interior design practice founded by the renowned architect and designer, Steve Leung. In a bold move, SLD is now expanding its reach into the European market through a partnership with Italian designer Andrea Bonini.

The Hong Kong stock exchange-listed company is thrilled to announce the establishment of its first branch company in Europe, operating under the brand SLD . Andrea Bonini. This new venture will offer top-notch interior design services and products to clients in both Asia and Europe, catering to high-end residential and luxurious hospitality projects.

SLD . Andrea Bonini will be making its exciting debut in April at Salone del Mobile, Milan’s prestigious annual furniture fair. This highly-anticipated launch will also showcase some of the brand’s debut products, a stunning smart home lighting collection in collaboration with smart home manufacturer Moorgen.

This collaboration marks SLD’s first foray into the international market, and the company couldn’t be more excited. In a press release issued on March 11th, the company explains that this move is part of a new business direction centered around “rejuvenation, diversification, and globalization.” Leveraging its 28 years of design experience and market expertise, SLD hopes to bring its premium lifestyle designs to even more clients around the world.

With this exciting partnership and expansion, SLD is poised to make a significant impact in the European market and beyond, offering exceptional design solutions and products that combine style, innovation, and functionality. The upcoming launch at Salone del Mobile is just the beginning of what promises to be a successful and transformative journey for SLD . Andrea Bonini.…

completionAsian property heavyweight Capitaland forms sustainability-linked credit facilityThe CapitaLand Group has signed an agreement (Mou) with Microsoft to utilize advanced technologies such as artificial intelligence (AI) for their businesses. By taking part in Microsoft Singapore’s AI Pinnacle Program, CapitaLand will have access to Microsoft’s platforms, services and solutions to improve customer engagement and efficiency.

One of the key focuses of the partnership will be collaboration opportunities in infrastructure development. CapitaLand Investment, a branch of the CapitaLand Group, is looking into utilizing Microsoft’s Azure cloud computing platform to develop their data center design and products. Additionally, they will be integrating AI, data analytics and machine learning to enhance their digital and business transformation efforts.

Quah Ley Hoon, group chief corporate officer of CapitaLand Investment, commented on the collaboration, saying, “Our partnership with Microsoft marks a significant milestone in CapitaLand’s digital transformation journey. AI will play a crucial role in shaping our future by driving operational efficiencies and creating value for our stakeholders.”

For international investors looking to invest in Singapore, it is crucial to familiarize oneself with the regulations and limitations surrounding property ownership in the country. While foreigners are typically able to buy condominiums with relatively few restrictions, the ownership rules for landed properties are more stringent. Additionally, foreign buyers must also adhere to the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their first property purchase. Despite these extra expenses, many are drawn to the stability and growth potential of the Singapore real estate market, making it a desirable destination for foreign investment. In fact, there are numerous Singapore projects that continue to attract international investors.

In a separate agreement, CapitaLand Investment signed a memorandum of understanding with the Singapore Business Federation (SBF) to establish a framework for digitalization and integration of AI across their retail ecosystem. This initiative will involve the adoption and testing of AI, data analytics and cybersecurity solutions to improve business efficiency and competitiveness. They will also focus on developing AI-specific skills and expertise among their retail tenants.

The CapitaLand Group continues to make strides in their digital transformation journey, and these partnerships with Microsoft and SBF will be instrumental in their efforts to leverage advanced technologies and stay ahead of the curve in the constantly evolving business landscape.…

mark Shareholders of CapitaLand Investment (CLI) can breathe a sigh of relief following the signing of major partnerships with leading institutions to adopt and integrate advanced technologies such as artificial intelligence (AI). The group revealed that it has reached a Memorandum of Understanding (MoU) with Microsoft to harness its platforms, services, and solutions to improve customer engagement and operational efficiency across its various businesses such as funds, investments, retail, lodging, and development.

As part of the arrangement, CapitaLand will become a member of Microsoft Singapore’s AI Pinnacle Program, a move that will give the real estate group access to Microsoft’s vast resources. This will also allow CapitaLand to explore potential areas for collaboration, such as infrastructure development and leveraging Microsoft’s Azure cloud computing platform to enhance its data centre design and products. Additionally, the integration of AI, data analytics, and machine learning will help strengthen CapitaLand’s digital and business transformation efforts.

Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, sees this partnership with Microsoft as a significant step in the group’s digital transformation journey. She believes that AI will play a crucial role in shaping CapitaLand’s future by driving operational efficiencies and creating value for stakeholders, including shareholders.

On a related note, CapitaLand Investment (CLI) has also signed an MoU with the Singapore Business Federation (SBF) to collaborate on digitalization and integrate AI into their retail ecosystem. This partnership aims to enhance business efficiency and competitiveness by facilitating the adoption of AI, data analytics, and cybersecurity solutions. It also seeks to develop AI-focused competency and skills among retail tenants, ensuring their continued success in the rapidly evolving digital landscape.

In summary, there are many benefits to be gained from investing in a condominium in Singapore, including the high demand, potential for increase in value, and attractive rental yields. However, it is crucial to carefully evaluate certain factors such as location, financing options, government regulations, and current market conditions before making a decision. By conducting thorough research and seeking advice from professionals, investors can make informed choices and optimize their returns in Singapore’s ever-changing real estate market. Whether you are a local investor looking to expand your investment portfolio or a foreign buyer seeking a secure and profitable opportunity, the launch of new condos in Singapore is a compelling option to consider. With the added benefit of new condo launches, now is an opportune time to take advantage of the dynamic real estate market in Singapore.

These partnerships demonstrate CapitaLand’s commitment to staying at the forefront of technological advancements and utilizing them to create value for its stakeholders. With these collaborations, shareholders of CapitaLand Investment can rest assured that the group is taking proactive steps to maintain its strong financial performance and enhance its business operations.…

A group of 14 retail shops located at Peninsula Plaza, Sim Lim Square, and Far East Plaza is now up for sale through an expression of interest (EOI) exercise. These properties are being marketed by ERA Realty Network and have a total price of $26.46 million.

Among the properties for sale are two units at Peninsula Plaza, a 999-year leasehold mixed-use development on North Bridge Road. These adjoining ground-floor shops have a combined strata area of around 990 sq ft and are asking for $8 million, or $8,081 psf. Peninsula Plaza is a 30-storey commercial development that was completed in 1980 and features a six-story retail podium and a 24-storey office tower. It is conveniently connected to the City Hall MRT Interchange Station, providing easy access to both the North-South and East-West lines.

At Sim Lim Square, there are 11 strata units with a total strata area of 5,081 sq ft available for sale. These units are zoned for commercial use and are all located on the fifth floor. They have a 99-year lease that commenced in April 1983, with approximately 57 years remaining. According to ERA, most of the units are currently tenanted and face the mall’s main atrium. They also offer direct access from the escalators and lifts. These units can be purchased collectively or individually, with individual units priced at $840,000 and the entire portfolio having an asking price of $15.855 million, which ERA states is a 20% discount from its latest valuation. This translates to $3,120 psf on the strata area.

Sim Lim Square is a strata-titled commercial development on Rochor Canal Road in District 7. It was completed in 1987 and has 492 commercial units spread across six floors and two basement levels. The only remaining unit for sale is located at Far East Plaza on Scotts Road, a freehold mixed-use development completed in 1982. Situated on the second floor, this retail unit has a strata floor area of 355 sq ft and faces the escalator near the mall’s main entrance. It is priced at $2.6 million, or $7,324 psf. Far East Plaza comprises a five-storey retail mall and serviced apartments and is within walking distance of Orchard Road MRT Station.

Director of capital markets and investment sales at ERA, Donald Goh, believes that these properties will attract interest from both property investors and business owners. He notes that strata retail sales in the Downtown Core and Orchard Planning Area remained resilient last year, with 28 and 33 deals recorded in each area, respectively. Goh adds: “A ground floor unit at Lucky Plaza was sold for $15,242 psf while units at Orchard Towers and The 101 were sold for $5,309 psf and $5,657 psf, respectively, showing that strata retail shops are still a desirable investment.”

When exploring the possibility of investing in a Singapore Condo, it is crucial to also evaluate the potential rental yield. Rental yield 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 various factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of a condo’s rental potential, conducting thorough market research and seeking advice from real estate agents can provide valuable insights.

The EOI for these properties will close on April 17 at 3pm. Interested parties can check out the latest listings for Peninsula Plaza properties.…

GuocoLand, together with its joint venture partners TID and Hong Leong Holdings, has successfully secured a green club facility worth $367.1 million from DBS Bank to develop the Faber Walk site. This site, measuring 277,659 sq ft, was awarded to the partners through a Government Land Sale tender in November last year. Their bid of $349.86 million, or $900 psf per plot ratio, emerged as the top bid.

The Faber Walk development will consist of 399 residential units spread across nine low-rise blocks. Situated within the Faber Walk landed private residential enclave, it is adjacent to the Faber Hills estate. With a waterfront location next to the Pandan River and the upcoming Old Jurong Line Nature Trail, this development promises a serene and nature-rich living environment.

The green club facility for the Faber Walk project serves to enhance GuocoLand’s existing sustainable initiatives seen across its other developments, such as Guoco Tower on Wallich Street, Guoco Midtown on Beach Road, Midtown Modern on Tan Quee Lan Street, and Lentor Mansion in Lentor Gardens.

In line with GuocoLand’s commitment to sustainable development, the Faber Walk project is expected to receive the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion. Dora Chng, the residential director of GuocoLand, shares her excitement over the group’s ability to leverage its end-to-end value chain capabilities in creating sustainable developments with biophilic designs, just like their previous successful launches such as Lentor Modern and Lentor Mansion in the Lentor Hills estate.

When it comes to investing in a condo, financing is a crucial element to consider. Luckily, there are various mortgage options available in Singapore. However, it is important to keep in mind the Total Debt Servicing Ratio (TDSR) framework, which restricts the amount of loan a borrower can take based on their income and current debt commitments. Familiarizing oneself with the TDSR and seeking guidance from financial advisors or mortgage brokers is key in making well-informed decisions about financing and avoiding excessive borrowing. In light of this, it is advisable for investors to also explore Singapore Projects when looking into condo investments.

GuocoLand has another upcoming project in the pipeline, a joint development with Hong Leong Holdings, which will boast 941 residential units at its Upper Thomson Road (Parcel B) site, awarded last April. Set for launch in the second half of this year, this project looks to be another successful addition to GuocoLand’s portfolio.…

The executive condominium (EC) market continues to see strong demand as evidenced by the recent launch of Aurelle of Tampines, which saw 90% of its units sold on Mar 8. Developed by Sim Lian Group, the 760-unit EC achieved an average price of $1,766 psf for the 682 units sold. All the four- and five-bedroom units have been taken up while around 84% of the three-bedroom units have also been sold according to the developer.

Commenting on the high demand for modern and well-connected homes like Aurelle of Tampines, Sim Lian Group’s executive director Kuik Sing Beng said, “This remarkable response underscores the strong demand for thoughtfully designed and well-connected modern homes like Aurelle of Tampines, in the most well-connected regional centre in Singapore.”

The average price of $1,766 psf for Aurelle of Tampines has also set a new benchmark for launch prices in the EC market, according to PropNex CEO Ismail Gafoor. He also noted that the 90% launch take-up rate is the highest for a new EC project since the 531-unit Hundred Palms Residences was sold out on launch day in July 2017 at an average price of $841 psf.

Sim Lian also announced that the 30% quota allocated for second-timers was filled by 3.15 pm on launch day. The quota for second-timers will be lifted a month after the launch date. According to Eugene Lim, key executive officer at ERA Singapore, the second-timers could have accounted for more of the sales if there was no quota limit. However, they will still have another opportunity to ballot for a unit after the quota is lifted.

Huttons Asia CEO Mark Yip suggests that the government may want to increase the quota for second-timers buying an EC, in line with the recent increase in the quota for second-timers buying BTO flats. About 68% of the buyers for Aurelle of Tampines opted for the Deferred Payment Scheme (DPS) while the remaining chose the Normal Payment Scheme. This is the highest percentage of DPS buyers seen for an EC project, according to PropNex’s Gafoor.

Prior to the launch, more than 2,200 electronic applications (e-apps) were received since the project opened for preview on Feb 21. This is the highest number of e-applications seen since Copen Grand, the first EC launched in Tengah, attracted 2,300 e-apps in 2022.

Aurelle of Tampines is the second EC launched in Tampines North, following the 618-unit Tenet which was launched in December 2022. Tenet saw 72% of its units sold on launch day at an average price of $1,348 psf. The project is now fully sold.

The pricing for Aurelle of Tampines starts from $1.417 million ($1,687 psf) for a three-bedroom unit of 840 sq ft, $1.689 million ($1,651 psf) for a four-bedroom of 1,023 sq ft, and $2.258 million ($1,665 psf) for a five-bedroom unit of 1,356 sq ft. According to ERA’s Lim, the attractive pricing, strategic location, and unique features of the project have made it a popular choice for eligible first-time buyers and upgraders.

Apart from the attractive pricing, the strong sales for Aurelle could also be attributed to its proximity to ParkTown, a fully integrated mixed-use development with a transport hub, shopping mall, hawker centre, and community club. ParkTown Residence, a 1,193-unit development by CapitaLand and UOL Group, saw 1,041 units sold on its launch weekend on Feb 22-23 and has since sold a total of 1,043 units at an average price of $2,361 psf.

Huttons’ Yip notes that Aurelle is the second EC to be located next to a fully integrated mixed-use development, after the 573-unit Esparina Residences in Sengkang which was launched in October 2010 at an average price of $748 psf. Based on caveats lodged, the average price of units sold from January 2024 to January 2025 was $1,625 psf, a 117% increase. In November 2023, a 1,367 sq ft unit on the seventh floor of Esparina Residences sold for $2.388 million ($1,747 psf), the second highest psf price achieved at the development. The highest was a 1,367 sq ft unit on the 14th floor that sold for $2.4 million ($1,756 psf) in November 2023.

When it comes to real estate investing, location is a crucial factor to consider. This holds particularly true in Singapore, where the right location can significantly impact property values. Condominiums that are situated in central areas or in close proximity to essential amenities, such as schools, shopping malls, and public transportation hubs, have shown to appreciate more in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently demonstrated growth in property values. With the addition of Singapore Projects, these areas have become even more desirable for potential investors. Families, in particular, are drawn to condos in these areas due to their proximity to good schools and educational institutions, making them highly sought after investments.

ERA’s Lim points out that new ECs are priced around $600 psf cheaper than new private condos in 2025, making them an appealing choice for buyers. Compared to resale condos in the suburbs, the average price for a new EC is only 1% higher. When taking into account the fresh 99-year lease and modern facilities, new ECs are a compelling option for home buyers.…

Obtaining financing is a crucial component when investing in a condominium. In Singapore, there are various mortgage choices available, but it is vital to consider the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the loan amount that a borrower can take based on their income and current debt commitments. Being familiar with the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making sound choices regarding their financing options, preventing excessive borrowing. Singapore Projects should also be taken into consideration during this process.

by private treatyFar East Consortium International’s managing director, Angus Henderson, points out Aurea’s location offers an appealing blend of the old and new. “We are delighted to present Aurea, which is not just primed to be the focal point of the Icon on Beach Road, but also part of the larger urban transformation happening in the vicinity. Our intention was to create a harmonious juxtaposition of the old and the new, the historical and the modern,” he says.Aurea, a luxury residential project located in Singapore’s Core Central Region (CCR), was launched for sale on March 8. This development, a joint venture between Far East Organization and Perennial Holdings, comprises a total of 188 units across 45 storeys. The joint developers released 78 units for sale in phase one, which consists of a mix of two- to four-bedroom apartments from levels 4 to 16. The first phase proved to be a success, with 23 units sold at an average price of $3,005 per square foot (psf).This translates to a sales rate of 30% based on the 78 units released in phase one. The majority of the buyers at Aurea are Singaporeans, making up 83% of the total sales, with Malaysian permanent residents (PRs) accounting for the remaining 17%. The sales percentage based on the total of 188 units sold is approximately 12.2%.According to experts in the real estate industry, the sales performance of Aurea is impressive, considering the current market conditions for luxury properties in the CCR. Since the tightening of the additional buyer’s stamp duty (ABSD) measure in April 2023, sales for luxury properties in the CCR have been lacklustre. In fact, developers only sold 378 new private homes in the CCR in 2024, which is a significant decrease of 74% from the 1,454 units sold in 2023.The success of Aurea can also be attributed to its prime location and unique design. The project, designed by DP Architects, boasts a “hanging garden concept” and is the first new private condominium connected to a mixed-use development that was sold en bloc and conserved. It is now known as Golden Mile Singapore, adding to its appeal.According to the joint venture, the two- and three-bedroom apartments in the Prestige Collection were the best sellers, accounting for 74% of the total sales. These apartments were particularly attractive to buyers due to their well-designed spaces, functionality, and potential as an investment opportunity. The four-bedroom units in the Signature Collection also garnered attention, with their expansive balconies that offer sweeping views of both the Marina Bay and Kallang Basin.The Sky Villa Collection, which consists of 18 five-bedroom apartments of up to 3,251 square feet and two exclusive six-bedroom penthouses of up to 8,816 square feet, was also in demand. According to Shaw Lay See, COO of Far East Organization’s sales & leasing group, the large-format homes in the downtown area are hard to find, making them highly attractive to potential buyers. She also notes that the project’s unique blend of heritage and modern sophistication has captured the attention of many buyers, with its magnificent views and prime location being significant selling points.Aurea’s success can also be attributed to Singapore’s ongoing urban renewal efforts, with major infrastructural and lifestyle upgrades in the surrounding precincts. The revitalisation of Beach Road and the Ophir-Road Corridor, the Kallang Alive master plan, and the completion of the North-South Corridor are set to enhance accessibility, connectivity, and vibrancy in this key city district. This transformation is expected to benefit Aurea, further adding to its appeal as a luxury residence.Angus Henderson, managing director of Far East Consortium International, points out that Aurea’s location offers a perfect blend of the old and new, making it a unique and highly desirable place to live. “We are delighted to present Aurea, which is not just primed to be the focal point of the Icon on Beach Road, but also part of the larger urban transformation happening in the vicinity,” he says. “Our intention was to create a harmonious juxtaposition of the old and the new, the historical and the modern.”Overall, Aurea’s successful launch and sales rate are indicative of the strong demand for luxury properties in the CCR and the potential for growth in this segment. With the gap between private residential properties in the CCR and the RCR narrowing in recent years and more new luxury homes expected to be launched in 2025, experts believe that CCR properties will once again become a top choice for savvy investors who seek to enjoy the “finer things in life”.…