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Real estate developer Heeton Holdings has achieved a significant jump in earnings for the second half of the financial year 2024, with a 221% increase compared to the same period last year. The group reported a profit of $3.85 million for the 2HFY2024, which ended on December 31, 2024. However, for the full year of FY2024, the group is still operating at a loss.

During the 2HFY2024, Heeton’s earnings per share came in at 0.79 cents per ordinary share. However, for the FY2024, the group reported a negative 0.28 cents per share. This indicates that while there has been a significant improvement in earnings, the group is still facing challenges in terms of overall profitability.

Heeton’s revenue for the 2HFY2024 also saw a positive growth of 10.5% year-on-year, reaching $41.1 million. Similarly, for the full year, the group’s revenue increased by 15.2% to $78.2 million.

The group attributed this growth to a combination of factors, including rental income from investment properties, hotel operation income, and management fee. In FY2024, the group’s turnover experienced a 15.2% year-on-year increase due to higher occupancies in the United Kingdom and an increase in rental rates for its investment properties.

Aside from revenue growth, the group also experienced a net gain of $3.78 million from the disposal of some of its subsidiaries. This included its 70% interest in Gloucester Corinium Avenue Hotel Limited and Ensco 1154 Limited.

When contemplating an investment in a condo, it is crucial to also evaluate the potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. This factor can significantly impact the return on investment. In Singapore, the rental yields for condos can vary greatly based on various factors such as location, property condition, and market demand. For instance, condo units situated in areas with high rental demand, such as near business districts or educational institutions, usually offer more favorable rental yields. To gain a better understanding of the rental potential of a specific condo, it is essential to conduct thorough market research and seek advice from real estate agents. Furthermore, keeping an eye on new condo launches can also provide valuable insights into potential investment opportunities.

Heeton’s property, plant, and equipment amounted to $418.83 million in FY2024, mainly consisting of hotel properties. Compared to the previous year, there was an increase of $16.92 million due to the acquisition of a hotel in Edinburgh, United Kingdom. The appreciation of Pound Sterling and reversal of impairment changes offset by the disposal of hotels in Japan and the United Kingdom and depreciation charges recognised.

In terms of cash flow, the group saw a decrease of $32.70 million in cash and cash equivalents due to significant inflows and outflows. This includes proceeds from the disposal of property, plant, and equipment of $26.43 million and proceeds from the disposal of subsidiaries of $11.37 million.

On the other hand, there were cash outflows, such as a net repayment of loans from associated and joint venture companies of $24.45 million, additions to property, plant, and equipment of $40.36 million, and restricted cash pledge for a bank facility of $22.98 million.

Given the current economic and geopolitical uncertainties, Heeton aims to maintain its prudent and steady strategic expansion. The group operates a bespoke boutique brand that offers high-quality and experiential stays for its guests. Despite headwinds faced by the hospitality industry, including high operating and labour costs, elevated interest rates, and an uncertain macroeconomic environment, Heeton will continue to build on its strengths and offerings.

Furthermore, the group consistently participates in land tenders in the local residential market, often in a consortium. Despite this, Heeton’s two retail malls are expected to generate stable and recurring income for its property investment business.

Heeton has declared a final dividend of 0.5 cents per share for the current financial period. On February 20, Heeton’s shares closed at 27 cents, a 0.5 cent decrease or a 1.818% drop.…

In Singapore, there are few areas that offer a combination of lifestyle and convenience like the East Coast. For Que Neo, a Singaporean businessman and boutique property developer, developing residential projects where he wants to live is a key aspect of his strategy. His latest project, K Suites, is a 19-unit apartment block in the prime East Coast area of District 15, developed by his subsidiary, EG Properties.

Located along Lorong K Telok Kurau, K Suites is expected to obtain its temporary occupation permit (TOP) sometime in 1Q2025. The project is designed to offer a convenient location for its residents, with easy access to the beach, East Coast Park, malls, the CBD, and Changi Airport. Neo highlights the project’s strategic location, which takes just 10 minutes to reach the airport and downtown with the East Coast Parkway and Pan-Island Expressway.

An artist’s impression of K Suites showcases a sleek and contemporary facade, with a curtain wall system allowing natural light to flood the interior and offer unblocked views of the neighborhood. The project offers a range of units, including four penthouses with a 7m ceiling height. Three of these have already been sold, with only one remaining for sale.

One of the main attractions of K Suites is its proximity to public transport and popular schools. Located less than 50m from the nearest bus stop, residents can easily access the nearest MRT stations: Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL). Eunos Station provides a convenient one-stop access to the Paya Lebar Interchange, which connects to the EWL and Circle Line, and five stops from the Bugis Interchange, connecting to the EWL and Downtown Line. Marine Parade Station is also linked to the Marina Bay Interchange, providing access to the TEL, North-South, and Circle Lines, and six stops from Shenton Way in the CBD. The TEL also offers direct trains to Orchard Road and Woodlands North, as well as connecting to the Rapid Transit System (RTS) Station, linking Singapore to Bukit Chagar Station in Johor Bahru.

Families with young children will also benefit from the project’s proximity to preschools and popular primary and secondary schools, such as PCF Sparkletots @ Joo Chiat, Tao Nan School, Haig Girls’ School, CHIJ (Katong) Primary, Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.

K Suites boasts an efficient layout and quality materials, with units designed by JGP Architecture featuring regular layouts and ceiling heights ranging from 3.5m to 4.5m. The duplex penthouses offer a more spacious 7m ceiling height, making them popular with large families. The apartments also feature top-end German brand fittings, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings. Residents can also enjoy a range of facilities, including a swimming pool, Jacuzzi, barbecue pit, lounge area, gym, outdoor fitness area, and playground. The project also offers a grand arrival and drop-off area, with a large surface carpark with 16 spaces and two electric vehicle charging stations.

Since its preview in September 2022, the first phase of 10 units at K Suites has been sold as of Feb 2025. Predominantly Singaporean buyers, including professionals such as doctors, lawyers, and corporate executives, have shown an interest in the project. The development offers a range of units, from three-bedroom apartments of 797 to 872 sq ft to four-bedroom apartments of 1,076 to 1,130 sq ft. The largest units are the five-bedroom penthouses, ranging from 1,625 to 1,679 sq ft, with three of the four already sold. The remaining unit is popular with large families, with one sold to a family with four children, each having their own bedroom. Most buyers are upgraders, seeking a freehold property with a prime District 15 address.

Before making the decision to invest in a condo, it is crucial to take into account the maintenance and management aspect of the property. In most cases, condos come with maintenance fees that are used to maintain the common areas and facilities. Although these fees may increase the cost of ownership, they also guarantee that the property is kept in good condition and maintains its value. It can be beneficial for investors to hire a property management company to handle the daily operations of their condos, allowing for a more passive investment. Additionally, it is worth considering New Condo Launches as potential investment opportunities.

According to Neo, K Suites is the most affordable new freehold project in District 15, making it attractive to both buyers and investors. With the upcoming TOP and positive market sentiment, developer Euro Properties is releasing the remaining units in the project. Three-bedroom apartments are now priced from $2.058 million ($2,582 psf), while four-bedroom units start from $2.525 million ($2,347 psf). The sole remaining five-bedroom penthouse is tagged at $3.5 million ($2,154 psf).

Huttons Data Analytics has found that boutique developments in District 15 have seen prices appreciate over 100% since their launch. For instance, the 127-unit Coralis has seen a 76.5% increase in monthly median rent over the past five years, making it an excellent investment for those seeking a low-density and tranquil living experience in the East Coast. With its desirable location and range of high-quality amenities, K Suites is set to be a sought-after residence and investment opportunity for those looking to enjoy the best of the East Coast lifestyle.…

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Private housing rents saw a modest rebound in the fourth quarter of 2024, rising by 0.2% compared to the previous three months. However, the rental market is expected to remain flat this year, according to a report by Savills Singapore.

The non-landed private residential market had a lackluster performance in the first three quarters of 2024, resulting in a 1.7% decline in rents for the entire year. This is the first full-year decrease since 2020, when there was a 0.5% drop in rental prices.

In the fourth quarter of 2024, there were 19,733 rental transactions, representing a decline of 24.2% compared to the previous quarter. According to Savills, this drop is likely due to a decrease in net new rental demand, as the number of employment pass and S pass holders decreased last year, coupled with a seasonal lull in rental activity towards the end of the year.

The report noted that the majority of the decline in rental activity in the last quarter came from a 30.8% drop in rental contracts for landed homes across the island. There was also a 23.7% decrease in leasing volumes for apartments and condos during the same period.

George Tan, managing director of Livethere Residential at Savills Singapore, said, “Despite the decrease in leasing activity in the fourth quarter of 2024, there is still some growth in rental demand. Rents in the private residential market have also stabilized.”

He added that more affordable rents can be found in suburban areas, allowing tenants to prioritize lifestyle options such as larger units, convenient access to MRT stations, shopping malls, and recreational activities.

Rental data compiled by Savills showed that Parc Esta, a 1,399-unit development in District 14, had the highest number of condo rental transactions in the fourth quarter of 2024, with 163 deals at a median rent of $6.84 per square foot per month. Other developments with a high number of rental transactions include Marina One Residences (126 transactions at $6.62 per square foot per month), The Sail @ Marina Bay (126 transactions at $6.72 per square foot per month), Normanton Park (120 transactions at $6.26 per square foot per month), and D’Leedon (107 transactions at $5.43 per square foot per month).

When it comes to rental price growth, only the Outside Central Region (OCR) saw a decline of 0.8% compared to the previous quarter in the fourth quarter of 2024. In contrast, rents in the Core Central Region (CCR) and Rest of Central Region (RCR) increased by 0.9% and 0.3%, respectively.

According to Savills, the decline in rent prices in the OCR may be due to more tenants in suburban areas moving to more central neighborhoods, driven by relatively more reasonable rents.

The report also noted a 1.7% quarter-on-quarter increase in the average monthly rent for luxury properties in the fourth quarter of 2024. This suggests a possible slight rebound in the luxury rental market after a consistent decline for the past five quarters.

Looking ahead, landlords may face challenges in the rental market as companies continue to reduce headcounts and hire fewer expatriates, said Alan Cheong, executive director of research and consultancy at Savills Singapore. He also mentioned that landlords will have to deal with higher property taxes for non-owner-occupied residential properties and increased conservancy charges due to upward inflationary pressures.

When buying a condominium, it is essential to consider the maintenance and management aspects of the property. Condos usually involve maintenance fees that cover the upkeep of common areas and facilities. These fees may add to the overall cost of owning a condo, but they also ensure the maintenance of the property and its value. Engaging the services of a property management company can help investors in managing day-to-day tasks for their condos, making it a more hands-off investment. Moreover, staying updated on new condo launches can present potential investment opportunities and potential for growth.

However, Cheong also pointed out that the relatively limited supply of large luxury properties on the rental market may help landlords resist underpriced rental offers. He added, “Although rents for non-landed private residential properties have started to rise again in the third and fourth quarters of 2024, we expect challenges in the rental market in 2025.”

He also believes that the widespread adoption of AI could reduce overall manpower requirements for some high-tech firms, resulting in continued reduction of expat tenants in Singapore.

“The saving grace for the rental market is that, in 2025, there are fewer new private homes expected to be completed,” he said. Additionally, higher property taxes on investment properties may discourage landlords from accepting lower rental rates. He also predicts that it may take longer for interest rates to fall, resulting in mortgage payments remaining stable for a longer period.

In conclusion, despite a modest rebound in rental prices in the fourth quarter of 2024, the rental market is expected to face challenges in 2025, with fewer new private homes being completed and a decrease in expat tenants. Landlords may also have to deal with higher property taxes and conservancy charges, but the limited supply of luxury properties may allow them to resist underpriced rental offers.…

CBRE, a leading global real estate service company, has been appointed as the exclusive marketing agent for the sale of two commercial properties in the heart of Singapore’s Central Business District (CBD).

The first property is the highly sought-after 27-room Hotel Clover, located at 7 Hongkong Street. With a guide price of $27 million, this six-storey boutique hotel sits on a 1,701 sq ft plot that is zoned as a “hotel” with a plot ratio of 4.2 under the latest Master Plan. The site has a remaining land tenure of around 89 years and a total floor area of 7,142 sq ft. At $3,780 per square foot, this property presents an attractive investment opportunity for potential buyers.

Meanwhile, the second property is a five-storey commercial building at 36 Hongkong Street, which is also on the market for sale at a guide price of $22.6 million. This 1,733 sq ft plot is zoned as a “commercial” property with a plot ratio of 4.2 under the Master Plan. The site has a remaining land tenure of 93 years and a total floor area of 7,279 sq ft. At $3,105 per square foot, this building presents a valuable investment opportunity in the thriving CBD area.

Both properties have longer remaining land tenures compared to other similar 99-year leasehold properties in the area, making them more attractive to potential buyers. They are also ideal for owner-occupiers looking for a flagship asset at a reasonable price with naming rights for their operations.

Foreigners and companies are eligible to purchase both assets without incurring Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) on the transactions, as they are categorized as hotel and commercial properties.

Located in Clarke Quay, a bustling riverfront lifestyle precinct, these properties are surrounded by acclaimed restaurants, bars, boutique hotels, and fitness studios. They are also within walking distance to Clarke Quay MRT Station on the North-East Line.

The area is set to become even more vibrant with the completion of a $62 million asset enhancement initiative at CQ@Clarke Quay and the upcoming completion of two new integrated developments, Canninghill Piers and Union Square. This presents excellent potential for future rental upsides and capital appreciation for both properties in the medium to long term.

The properties will be sold through an expression of interest exercise, which closes on March 26. With their prime location and potential for growth, 7 and 36 Hongkong Street are attractive investment opportunities for savvy buyers in the commercial real estate market.

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One crucial factor to consider when investing in condos in Singapore is the government’s property cooling measures. These measures have been implemented over the years to control speculative purchasing and maintain a steady real estate market. Among them, the Additional Buyer’s Stamp Duty (ABSD) stands out, as it imposes higher taxes on foreign buyers and individuals acquiring multiple properties. While these measures may affect the immediate profit potential of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment landscape. Singapore Projects should also be a part of any prudent investor’s considerations.…

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The Singaporean government has implemented several measures to regulate the real estate market and deter speculative buying, making it a crucial factor to consider when investing in condos in Singapore. These measures, collectively known as the property cooling measures, have been put in place over the years to ensure a stable market. One of the main measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profits of condo investments, they ultimately contribute to the long-term stability of the market, creating a more secure investment environment. This makes Singapore an attractive location for condo investments, with projects such as Singapore Projects providing excellent options for prospective investors.

for 2-beddersVivian Wang / EdgeProp SingaporeThe EdgeProp Singapore Property Market Outlook event on Sunday, Feb 16, spurred discussions on how new property cooling measures, incoming housing supply from government land sale (GLS) sites and Build-To-Order (BTO) launches, as well as Budget 2025 announcements could impact the real estate market.The panel of three industry experts comprising Alan Cheong, executive director of research and consultancy at Savills Singapore; Wong Xian Yang, head of research, Singapore and Southeast Asia at Cushman & Wakefield; and Song Seng Wun, Singapore economic advisor at CGS International — moderated by EdgeProp Singapore CEO Bernard Tong — discussed the possibility of new cooling measures affecting the HDB resale market.The possibility of new property cooling measures, incoming housing supply from GLS sites and BTO launches, as well as Budget 2025 announcements impacting the real estate market were among the top points discussed at EdgeProp Singapore’s Property Market Outlook event on Sunday, Feb 16.The panel of three industry experts comprising Alan Cheong, executive director of research and consultancy at Savills Singapore; Wong Xian Yang, head of research, Singapore and Southeast Asia at Cushman & Wakefield; and, Song Seng Wun, Singapore economic advisor at CGS International, participated in a panel discussion moderated by EdgeProp Singapore CEO Bernard Tong.The event, which was organised by EdgeProp Singapore, took place at the Elta sales gallery, a new 501-unit project jointly developed by MCL Land and CSC Land Group. The sales gallery opened for public preview on February 7.According to media reports and market data, government land sale sites and Build-To-Order launches could potentially impact the real estate market. During the event, the panelists discussed the possibility of these developments leading to new property cooling measures. Cheong suggests that if the government were to implement any cooling measures, it is likely that they would be applied uniformly across the residential market. He adds that the measures could also focus on the HDB resale market, which forms the “floor” of the housing market in Singapore. According to Cheong, a surge in price growth in the HDB resale market could potentially lead to upward pressure on prices in the private housing segment.Wong also shares his thoughts, stating that the government may consider adjusting the seller’s stamp duty (SSD) and introducing tougher loan restrictions. Meanwhile, Tong notes that the government has plans to inject a strong pipeline of GLS and BTO supply into the market in order to meet housing demand. According to him, the 1H2025 GLS programme will consist of 10 sites on the Confirmed List, which could yield 5,000 new homes. In addition, HDB plans to offer 19,600 BTO flats in 2025.Under the new BTO classification, newly launched Prime and Plus BTO flats will take about 14 years to enter the resale market. According to Cheong, the impact of these developments on prices will only be felt much later on. Wong adds that prices in the resale market tend to follow project completions and HDB estates completing their minimum occupation period (MOP). Both the panelists believe that project completions are more likely to affect prices, as opposed to the pipeline of GLS sites that are up for tender each year.Despite this, all three panelists acknowledge that the recent success in the new launch market is indicative of strong buyer confidence for the projects that are set to hit the market this year. Elta, for instance, drew in about 4,500 visitors within the first three days of its public preview opening. Other new launches that have experienced strong selling rates include The Orie (86% at launch) and Bagnall Haus (63% at launch).Read also:Budget 2025: More than 50,000 new HDB flats to be launched in the next three yearsSong of CGS International opines that prospective buyers are still positive about the possibility of making a profit when they eventually sell their properties. According to him, this can be attributed to a stronger job market, which has increased property owners’ confidence to upgrade. During the panel discussion, he also weighed in on Budget 2025 and its potential impact on the property market. With Singapore seeing a relatively strong economic recovery post-pandemic, he believes that the surplus of the government will give way to more handouts, as 2025 is an election year.At the event, the panelists also took questions from the audience. While discussing the rental market and its forecast for this year, some participants questioned whether the residential property market is currently in a “euphoric” phase. In response, Cheong stated that this sense of market exuberance will likely subside as developers strategically time the launch of new projects. He adds that several launch-ready projects are located in neighbourhoods that haven’t seen a new launch in several years, and that demand tends to build up over that time.Several investors also sought the panelists’ opinion on the rental market in 2021, which has been relatively slow since its peak two years ago. In response, Cheong pointed out that while the total number of expatriates in Singapore has declined over the past year, there has been an uptick in the volume of rental transactions. This is due to renters deciding to stop flat-sharing and finding their own accommodation due to falling rents. However, Cheong notes that this was offset by layoffs among technology and finance companies this year, which could moderate rental price growth.During the event, Tong also presented a session of EdgeProp’s Master Plan Master Class. He covered upcoming transformation plans in Clementi and Jurong East. According to him, once the second phase of the Cross Island Line (CRL) is completed, an existing MRT station (West Coast) will turn into an interchange. “Historically, MRT interchanges tend to have a positive impact on surrounding property prices,” he says.Transformation plans in Clementi include the redevelopment of Clementi Stadium and the installation of more than 6.6km of cycling paths throughout the area. Tong also observes that housing demand in Clementi could potentially benefit from the progressive development of the Jurong Lake District and the new jobs that are set to be created in the nearby Tuas megaport, Tuas Biomedical Park, Jurong Island, and Jurong Innovation District.Based on data compiled by EdgeProp Singapore, the average age of existing condos in Clementi is about 17 years. Tong notes that new projects in Clementi have seen strong capital gains in recent years. For instance, Clavon has seen a 24% uptick since its launch, while The Clement Canopy has experienced a 43% price growth since launch. Both projects are located in the vicinity of Elta.The data comes from EdgeProp Singapore’s suite of property tools, which could help owners, buyers, and sellers understand market and price trends, such as HDB resale prices, analytics of profitable transactions, and upcoming GLS sites. You can access the latest listings for Elta properties, or use our other tools such as Ask Buddy, which lets you know if you are looking at the right price for condominiums, and generates price trend graphs for new launch condos in District 5, as well as properties that have had the most profitable transactions in the past year.…

Investing in a condo in Singapore has become a top choice for both domestic and international investors, driven by the country’s thriving economy, stable political climate, and excellent quality of life. The real estate market in Singapore is rich with opportunities, but condos stand out for their convenience, facilities, and potential for attractive returns. In this article, we will delve into the advantages, factors to keep in mind, and key steps involved in investing in a condo in Singapore through the Condo program.

JustCo’s luxury brand, The Collective, has recently launched its first flagship co-working space in Tokyo, as stated in their press release on February 19. This new space, spanning 24,000 square feet, can be found in GranTokyo South Tower, a towering 42-storey building located in the bustling Marunouchi district in Chiyoda City ward. The prime location of the building, conveniently next to Tokyo Station, provides easy access to both Narita and Haneda airports.

According to The Collective, the design of the co-working space is inspired by Tokyo Station, showcasing the elegance and warmth of a luxury voyage. The group further mentions that the space is a tribute to the iconic train station.

Aside from a hot desk area and meeting rooms, The Collective boasts private suites with round-the-clock secured access and larger enterprise suites with exclusive entrance features and customized designs. All workspaces are fully furnished with Herman Miller Aeron chairs and Benel adjustable desks, ensuring maximum comfort and productivity for all members.

Apart from its top-notch workstations, The Collective also offers various amenities to cater to the needs of its members. These include a TWG Tea Bar that serves refreshments throughout the day, and a “wellness sanctuary” where members can take a break from work and recharge.

The opening of The Collective’s first flagship space in Tokyo is a testament to JustCo’s continuous expansion in the global co-working market. The company aims to provide a luxurious and productive workspace for its members, while fostering a collaborative community within the flexible workspace industry. In line with this, JustCo has also recently opened a second location of their co-working space, The Great Room, in Australia.…

Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage choices available, but it is crucial to understand and abide by the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can obtain, taking into account their income and current debt obligations. Thus, it is essential for investors to seek the advice of financial experts or mortgage brokers to make well-informed decisions and prevent taking on excessive debt. As you explore New Condo Launches, be sure to keep the TDSR in mind when securing financing.

CT Pemimpin, a freehold B1 industrial development located at 43 Jalan Pemimpin in the Central Region, has been recently launched by Chiu Teng Group, renowned for its development of quality commercial and industrial spaces in Singapore. The strategic location of CT Pemimpin in the heart of District 20 makes it an ideal choice for companies seeking excellent accessibility and property investors looking for a rare permanent investment opportunity. The nine-storey, partial ramp-up factory features sustainable elements and communal facilities, including two rooftop pavilions for outdoor events and meetings for tenants and occupants, rooftop solar panels, two passenger lifts, and a service lift. The development comprises of 56 strata-titled units and three canteen units, with varying floor heights and equipped with individual toilets for occupiers’ convenience and privacy. The development also offers a generous one-to-one car park ratio with 59 car park lots, including two electric vehicle charging lots, as well as two loading and unloading bays and a lorry park for vehicles under 7.5m. According to ERA Singapore CEO Marcus Chu, CT Pemimpin will attract both property investors and end-users due to its location, freehold status, and scarcity in the market. Property investors will be drawn to the development due to the absence of Additional Buyer’s Stamp Duty (ABSD) and diversification of risks, while business owners are likely to purchase their own space instead of renting, particularly since the development is freehold. SRI managing partner Ken Low added that CT Pemimpin stands out from traditional B1 industrial developments due to its modern facade and central location, which is highly desired by entrepreneurs and their employees. The freehold status also makes CT Pemimpin a rare find in the market, as most industrial developments have a 30-year or 60-year lease. Moreover, the development will appeal to family offices, companies in the information and communications media industries, and discerning investors seeking good-value assets with long-term potential. Investors purchasing commercial and industrial properties are not subject to ABSD, making them more attractive to foreigners and investors. CT Pemimpin’s strategic location offers unparalleled connectivity and accessibility to all parts of Singapore via public and private transportation. It is only a five-minute walk from Marymount MRT station (Circle MRT Line), a five-minute drive from Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line), and is easily accessible via PIE and CTE expressways. In addition, the upcoming completion of the North-South Corridor in phases from 2027 will further reduce travel time from the north into the city. Nearby townships such as Bishan, Upper Thomson, and Ang Mo Kio offer a wide range of retail and dining options at popular malls such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. Reputable schools, including Raffles Institution, Catholic High School, and Eunoia Junior College, are also within close proximity, making it convenient for parents to drop off their children before heading to work. Established in 1999, Chiu Teng Group has established itself as a trusted property developer and builder, particularly in the industrial and commercial sectors. Its extensive portfolio includes various well-received industrial developments such as CT FoodNEX, CT Foodchain, Tagore8, CT Hub & CT Hub 2, as well as residential projects such as The Creek@Bukit. The preview of CT Pemimpin will commence on February 21 2025. Don’t miss this opportunity to secure a rare freehold industrial space. Contact 8100 8017 or visit Chiu Teng Group for a viewing.…

Conveniently located at Lentor Hills, Lentor Central Residences will be showcasing its 477-unit development on Feb 21. Hong Leong Holdings, GuocoLand, and CSC Land have come together to create this project, which is expected to be launched on March 8.To cater to the different needs of potential buyers, the project will offer a mix of one- to four-bedroom units that range in size from 463 sq ft to 1,399 sq ft. Those interested can find more information and prices for available units at Lentor Central Residences.AdvertisementThe developers have shared that the starting price for a one-bedroom unit will be $975,000 (with a price per square foot of $2,110). Meanwhile, a two-bedroom unit will start at $1.38 million ($2,050 psf). For families, there are three-bedroom units starting from $1.81 million ($1,984 psf), and four-bedroom units from $2.37 million ($2,000 psf).Several facilities and amenities are available at Lentor Central Residences, including a 50-meter Infinity Edge Pool, a 25-meter Lap Pool, and Leisure Pools. Families with young children can take advantage of the onsite childcare center and children’s playground. Other condo amenities include a resident’s clubhouse, a gym and yoga room, a tennis court, and more.The project is strategically located near Lentor MRT Station, offering easy access to work and play in the city. It is also in close proximity to a variety of retail and dining options, such as Lentor Modern, Thomson Plaza, eateries along Upper Thomson Road, and the Springleaf estate.“We believe the new Lentor Hills enclave is on the cusp of significant growth and is poised to become one of Singapore’s most sought-after districts for homebuyers,” says Betsy Chng, head of sales and marketing at Hong Leong Holdings. “Together with our partners, we are realizing a vision of premium homes that are sensitively priced where units are sold based on livable space.”The development’s sales gallery is located on Lentor Hills Road. Interested buyers can find out more about Lentor Central Residences properties and compare prices with other properties in the area.

The bustling city of Singapore boasts a skyline filled with towering structures and cutting-edge developments. Among these are the highly coveted condominiums situated in prestigious locations, offering a fusion of opulence and practicality that entices both locals and foreigners alike. These properties boast impressive facilities, such as swimming pools, fitness centers, and security services, elevating the standard of living and making them a desirable choice for potential renters and buyers. For investors, these sought-after features equate to promising rental returns and the potential for long-term property appreciation. To further explore the diverse range of condominium options in Singapore, check out the latest Singapore Projects.…

SRI has recently announced a partnership with Redbrick Mortgage Advisory to further enhance the capabilities of its salespersons. This collaboration will provide SRI agents with advanced mortgage training to better assist homebuyers in their financing options.

Through this partnership, Redbrick will equip SRI agents with the latest mortgage strategies, enabling them to act as trusted advisors and present tailored financing solutions to clients. This will ensure that buyers make well-informed decisions when purchasing a property.

When purchasing a condominium, it is crucial to take into account the maintenance and management of the property. Most condos charge maintenance fees that cover the maintenance of shared spaces and amenities. Although these fees may increase the total cost of ownership, they guarantee that the property stays well-maintained and maintains its value. Bringing in a property management firm can assist investors in managing the daily operations of their condos, making it a more hands-off investment. Additionally, staying updated on new condo launches, such as those at National Athletic Combine, can provide investors with even more options for their investment portfolio.

“We are excited to partner with SRI as this will empower their salespersons to become trusted advisors in the real estate industry. With our expertise, we can provide customized financing solutions to clients, making their property-buying journey a smoother and more informed one,” says Eugene Huang, CEO of Redbrick.

In addition, Redbrick will also provide SRI agents with a comprehensive database of mortgage rates from over 15 financial institutions, which will be regularly updated to reflect any changes in the market. This will enable SRI agents to provide their clients with the most up-to-date financing options, ensuring that they are well-informed and can make efficient decisions.

“We are constantly looking for ways to enhance our services and add value to our clients. By partnering with Redbrick, we can provide our SRI agents with the latest mortgage data and expertise, enabling them to better assist clients in their property-buying journey,” says Thomas Tan, CEO of SRI.

With this collaboration, SRI aims to elevate the standard of service provided by its salespersons, making the property-buying experience a seamless and well-informed one for clients.…

Frasers Property Singapore has put the retail podium of Sky Eden@Bedok up for sale through an expression of interest (EOI) exercise. Strategically located in Bedok Central, this mixed-use development is a prized investment opportunity with a guide price of $45.2 million.

The retail podium is made up of 12 strata retail units on the ground floor, covering a total strata area of 11,193 sq ft. This translates to a guide price of $4,038 psf. The units can be sold as a portfolio, individually, or in clusters. They range in size from 398 sq ft to 1,313 sq ft and are priced from $1.91 million to $5.55 million. All units are approved for F&B use.

Sky Eden@Bedok is currently under construction and is expected to be completed in 4Q2025. The development, with a 99-year lease, comprises 158 residential units across two 16-storey towers, sitting on a retail podium. It is a short walk to the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange connected to Bedok Mall.

Launched in September 2022, Sky Eden@Bedok is the first private residential project in Bedok Town Centre in a decade. All residential units have been fully sold since then. This makes it a rare opportunity for investors to acquire commercial properties in this tightly held residential enclave.

When contemplating an investment in a condominium, it is essential to also evaluate its potential rental yield. This pertains 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 several factors such as location, property condition, and market demand. Generally, areas near business districts or educational institutions tend to offer higher rental yields due to a strong demand for rentals. It is crucial to conduct thorough market research and seek guidance from real estate agents to gather valuable insights into the rental potential of a particular condo. To stay updated on new condo launches and investment opportunities, it is advisable to also keep an eye on New Condo Launches.

According to Michael Tay, CBRE’s head of capital markets for Singapore, Sky Eden@Bedok’s retail units are an attractive proposition for a wide range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers looking to enter the commercial space of a sought-after residential area. The EOI for the retail podium will close on April 3 at 3pm.

For more information on Sky Eden@Bedok and to view the latest listings, check out Ask Buddy. You can also find 2-bedroom floor plans and the site plan and diagrammatic chart for the development. Get insights into condo sale transactions in District 16 and projects that have recently obtained TOP. Total number of units in Sky Eden@Bedok is also available for your reference.…