National Condo

Located in the vibrant district of Jalan Besar, a corner two-storey shophouse with an attic is now available for sale. According to Gracelynn Zhu, an experienced property agent from PropNex Shophouse Elites who is in charge of marketing the property, the 999-year leasehold shophouse is being offered at a price lower than $20 million.

This spacious shophouse spans over a total area of approximately 5,502 sq ft and is zoned for commercial use. The first floor of the property is approved for restaurant use, as well as a section of the second floor. With a selling price of $20 million, the property’s per square foot price comes up to $3,635.

Gracelynn Zhu also mentioned that the shophouse is currently undergoing asset enhancement initiatives (AEI), including the installation of micro piles that extend 30m to improve the property’s structural foundations. This AEI is expected to be completed by the end of this year.

Investing in a condo offers numerous advantages, one of them being the potential to leverage the property’s value for future investments. Investors often use their condos as collateral to secure additional financing for new investments, allowing them to grow their real estate portfolio. This approach can boost returns, but it also entails risks, making it essential to have a solid financial plan in place and carefully assess the potential impact of market fluctuations. Furthermore, keeping an eye on new condo launches, such as those offered by National Athletic Combine, can provide even more opportunities for profitable investments.

The shophouse is located within the Desker Road Conservation Area in District 8, which is in close proximity to Little India. The Jalan Besar MRT Station on the Downtown Line is also within walking distance, providing convenient transportation options for the area.

In related news, a shophouse in Geylang Road and a shop unit in Bras Basah Complex are currently up for sale at a combined price of $14 million. The Chinatown Business Association has also announced plans to revitalize Smith Street with a mix of new and traditional lifestyle concepts. According to Huttons, the shophouse market ended the quiet year of 2024 with a total of 84 caveated transactions.…

Condo demand in Singapore continues to soar, driven by various factors, including the limited availability of land. Being a small island nation with a rapidly growing population, Singapore faces the challenge of finding land for development. To address this issue, the country has implemented stringent land use policies and boasts a competitive real estate market, resulting in consistently increasing property prices. This has made investing in real estate, particularly in condos, an attractive and lucrative opportunity, with the potential for significant capital appreciation. For those looking to invest in condos, Singapore Projects, such as the highly sought-after nationalathleticcombine.com, offer a diverse range of options to cater to varying preferences and investment goals. Singapore Projects present a promising avenue for potential buyers to embark on their condo investment journey.

According to a recent CBRE survey, the Asia Pacific (Apac) hotel sector is expected to continue experiencing strong investment activity by 2025. The 2025 Asia Pacific Hotel Investor Intentions Survey revealed that over 72% of hotel investors surveyed in November and December of last year plan to acquire more hotel assets this year. Almost 45% of respondents also stated that they intend to increase their purchasing volume by over 10% in the same period. Steve Carroll, head of hotels, capital markets, Asia Pacific, CBRE, says that after performing well for the past 18 months, investors have high expectations for hotel and living assets in Apac in 2025.

One of the main factors driving this positive buying sentiment is the rebound of tourist arrivals, particularly in popular locations like Japan, Singapore, and Australia. The increase in international tourists has resulted in higher room rates for Apac hotels, ensuring that hotel operators continue to experience income growth similar to last year. Additionally, the limited supply of hotels in Apac has also encouraged investors to direct their funds to the region. According to data from hospitality data intelligence group STR, the hotel supply pipeline in Apac is expected to grow at a CAGR of 2.2% between 2024 and 2028, which is significantly lower than the 5% CAGR recorded between 2013 and 2023.

A breakdown of investment intentions by type found that REITs have the highest net buying intentions at 22%, a significant shift from the -13% recorded in last year’s survey. This marks a change in approach for REITs, which have had negative investment intentions for several years but are now indicating plans to acquire more properties in 2025. Institutional investors have the second-highest net buying intentions at 12%, closely followed by property funds at 10%. CBRE notes that private equity and real estate funds in the hotel sector became more active in 2024 and are expected to continue this trend this year.

On the other hand, private investors and high-net-worth individuals are expected to make fewer hotel acquisitions this year. The report suggests that after two years of being the most active buyers in the region, private investors are now anticipating a higher level of selling activity in 2025. This is due to their intention to capitalize on the positive market sentiment after acquiring properties during a period of price dislocation.

The survey found that value-add investment strategy is the most favored by respondents for 2025. CBRE observes that in select markets, assets have been repriced to the point where investors believe they can achieve value-add returns by acquiring assets with core risk profiles. This has led to the upscale and upper midscale hotel categories being voted the most attractive asset types for investment this year, overtaking the upper upscale category, which topped last year’s survey.

This shift in preference is attributed to the operational flexibility and higher potential for value-added opportunities in the upscale and upper midscale segment. These may include redevelopment, adaptive reuse, and rebranding of existing properties, which are more cost-effective than developing new properties. The segment also has a leaner labor pool compared to higher-tier assets, which can reduce labor and operating costs.

Furthermore, investors are showing more interest in long-stay or hybrid hospitality models, with a growing demand for converting assets into co-living spaces, especially in markets like Japan, Hong Kong, and Singapore, where there is a need for affordable accommodations due to rigid rental markets. Other emerging trends include a preference for assets with vacant possession at the time of acquisition, giving investors flexibility in terms of operator selection and refurbishment works. Limited-service hotels are also becoming more popular among investors due to their focus on minimizing operational costs.

The top city preferred by hotel investors is Tokyo, thanks to low interest rates and stable income streams from hotel properties. Osaka has also made it to the top five cities for the same reasons. Singapore and Sydney are also popular among investors due to solid hotel fundamentals, including growth in daily rates and underlying operating profits. Seoul is also an attractive market due to an increase in visitors from mainland China, leading to a rise in daily rates and investor activity in recent months.…

ETC and OrangeTee Group, two prominent real estate firms, joined forces on Feb 24 to announce their merger and the formation of a new holding company. The name of the new company has not yet been released.

According to Desmond Sim, CEO of ETC, the merger is not an acquisition but a collaboration between two like-minded entities. Sim, who will serve as the group CEO of the merged entity, will also retain his role as CEO of ETC. Meanwhile, Justin Quek, the current CEO of OrangeTee & Tie, will become the deputy group CEO of the new holding company.

The Singaporean government’s property cooling measures hold significant weight when considering investing in condominiums in the country. These measures have been implemented over the years to regulate speculative buying and maintain a stable real estate market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on non-citizens and those purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they also play a crucial role in ensuring the long-term stability of the market, creating a secure investment environment. For more information on investing in Singapore, check out Singapore Projects.

Post-merger, ETC will focus primarily on consultancy and advisory services, while OrangeTee will concentrate on proptech and its real estate agency business. OrangeTee currently has a network of 2,803 salespersons registered with the Council for Estate Agencies (CEA).

The combined entity will have over 520 staff members, in addition to the 2,803 salespersons. According to Sim, the merging of expertise, resources, and networks will drive meaningful growth and create value for stakeholders in today’s dynamic real estate landscape.

This latest merger builds upon the successful joint venture in August 2017, when the former Edmund Tie and OrangeTee merged their associates’ business under the new entity, OrangeTee & Tie. At the time, the combined entity had a sales force of over 4,000 agents, propelling it to the third spot among the top three agencies. After the joint venture, the former Edmund Tie acquired a 20% stake in OrangeTee & Tie.

The merger between ETC and OrangeTee was made possible by Triplestar Holdings and TH Investments, both related to the family of Roland Ng, managing director and group CEO of Tat Hong Holdings. These entities acquired a stake in ETC following a management buyout in 2016. When some of the original shareholders, including Edmund Tie, retired, the company bought back their shares, increasing Triplestar and TH Investments’ stake to approximately 60%. Today, these two entities own a 100% stake in ETC.

This year marks a significant milestone for ETC, as it celebrates its 30th anniversary, according to Sim. The company recently rebranded itself as ETC.

OrangeTee Group will also be celebrating a milestone this year, as it marks its 25th anniversary since its incorporation in 2000. Led by its board of directors and supported by its C-suites, OrangeTee Group includes Justin Quek, CEO of OrangeTee & Tie, Marcus Oh, managing director of OrangeTee Advisory, Teo Yak Huat, CFO, and Christine Sun, chief researcher and strategist.

Quek says the strengthened brokerage and consultancy team, along with advanced proptech, will enable them to deliver innovative and seamless solutions across all real estate sectors.

Stakeholders in OrangeTee Group include Tokyu Livable Inc., which acquired a 22.5% stake in the company in 2014. Tokyu Livable is one of Japan’s largest real estate agencies, with 198 offices nationwide. It is a subsidiary of Tokyu Fudosan Holdings, the real estate business of giant conglomerate Tokyu Group.

Private property fund Vogue Capital Group is also a shareholder in OrangeTee Group, and both Vogue Capital and Tokyu Livable will have a stake in the new holding company post-merger along with Ng’s Triplestar Holdings and TH Investments.

ETC has already established a presence in Malaysia through its joint venture company, Nawawi Tie. The firm also has an associate in Thailand, Edmund Tie & Co (Thailand). According to Sim, this merger will open up more opportunities in the ASEAN region and Japan, especially through their relationship with Tokyu Livable.…

UOL Group and CapitaLand Development (CLD) have jointly announced that their newest development, ParkTown Residence in Tampines North, has seen a successful launch weekend with 1,041 units sold out of the total 1,193 units, achieving an impressive sales rate of over 87%.

UOL’s general manager of residential marketing, Anson Lim, shared that the project has achieved an average price of $2,360 psf, with a majority of buyers being Singaporean homebuyers or investors. The project’s most popular unit types were the two-bedroom and three-bedroom apartments, comprising 994 units (83%) of the development, with 92% of them snapped up during the launch weekend.

According to a spokesperson from UOL and CLD, buyers were attracted to ParkTown Residence’s unique status as a fully integrated residential and lifestyle development that is directly connected to a retail mall, the future Tampines North MRT station, a bus interchange, a green boulevard, a community club, and a hawker centre.

Singapore has emerged as a highly sought-after destination for real estate investments, attracting both local and international investors. Its strong economy, stable political climate, and exceptional quality of life make it an ideal choice for those looking to purchase a property. Among the various options in Singapore’s real estate market, condos have become a popular choice due to their convenience, amenities, and potential for high returns. In this article, we will delve into the advantages, factors to consider, and essential steps to take when investing in a condo in Singapore. For a comprehensive guide, Singapore Condo must not be missed.

Before the launch weekend, ParkTown Residence had already collected 2,367 cheques, translating to an impressive sales conversion rate of 44%, well above the average of 30% to 35% for most new project launches in recent years. Mark Yip, CEO of Huttons Asia, noted that no mega project has achieved such high sales since the launch of the 1,399-unit High Park Residences, which sold 1,100 units over three days in July 2015.

ParkTown Residence at Tampines 62 is part of the first mixed-use development integrated with transport hub at Tampines (Source: EdgeProp Landlens)

Notably, ParkTown Residence has recorded the highest number of units sold during a launch weekend since the 846-unit Emerald of Katong, which sold 835 units (99%) last November, according to Ismail Gafoor, CEO of PropNex. “The take-up at ParkTown Residence has also surpassed that of previous integrated developments,” he adds.

The most recent integrated project to be launched was the 732-unit The Reserve Residences in May 2023, which recorded a 71% take-up rate during its launch weekend. To date, the project has been 98.2% sold at an average price of $2,484 psf, based on caveats lodged as of Feb 23.

ERA Singapore CEO, Marcus Chu, shared that mixed-use developments integrated with transport hubs are popular among homebuyers and investors due to their potential for good capital appreciation and high rentability.

The last two fully integrated developments to be completed were the 920-unit North Park Residences in Yishun (launched in 2015) and the 680-unit Sengkang Grand (launched in 2019) at Buangkok. The average price of North Park Residence is $1,809 psf, 65% higher than the average resale prices of residential units across District 27. Meanwhile, Sengkang Grand commands an average price of $2,029 psf, 25% higher than the average resale prices in District 19, notes ERA’s Chu.

Located at Tampines Street 62, ParkTown Residence is set in the third largest HDB town after Hougang and Woodlands. “Quite a number of buyers were HDB upgraders who desired to stay in Tampines,” shared Huttons’ Yip.

The completion of ParkTown Residence in 2030 coincides with the scheduled opening of the Tampines North MRT Station on the Cross Island Line (CRL), a major arterial line running from east to west in Singapore, according to Ken Low, managing partner of SRI. 2030 also marks the scheduled relocation of the neighboring Paya Lebar Airbase, which will free up an estimated 800ha of land for future developments.

Under the URA Master Plan, three more government land sales (GLS) sites will be linked to the upcoming Tampines North MRT station. “However, these new projects could potentially be launched at higher prices,” Low added.

Tampines will also benefit from new infrastructure developments by 2027, including a cycling bridge, an underpass, and an additional 7.7km of cycling paths, bringing the total to 40km. There will also be a new pedestrian route between Tampines MRT Station and the malls in the regional center. These additions were announced on Feb 22 as part of the Tampines Town Council’s five-year masterplan for 2025 to 2030.

“All these will enhance the livability in Tampines, which already has strong attributes,” said SRI’s Low.…

On Feb 22nd, MCL Land and CSC Land Group successfully sold 326 out of 501 units at their joint venture project, Elta, located at Clementi Avenue 1. This resulted in an impressive 65% sales rate, with an average price of $2,537 per square foot (psf). The majority of buyers were Singaporeans, making up 90% of the total, while the remaining 10% were permanent residents. The highest number of buyers came from districts 19, 5, and 23, which includes the areas of Hougang, Serangoon, Sengkang, Punggol, Buona Vista, Clementi, Dover, Pasir Panjang, Bukit Batok, Bukit Panjang, Choa Chu Kang, Hillview, and Dairy Farm.

The two-bedroom units were the most sought-after among buyers, with 98% of the 179 units sold at prices ranging from $1.388 million ($2,261 psf). Additionally, 81% of the 108 three-bedroom units were also taken up at prices starting from $2.198 million. The one-bedroom plus study units were also popular, with 78% of them being sold at a starting price of $1.158 million.

Over 60% of the units sold were the one- and two-bedroom units priced below $2.2 million, according to Ismail Gafoor, CEO of PropNex. “The impressive sales at Elta shows the confidence of buyers in a development that blends modern living with convenience and comfort,” said Lee Tong Voon, CEO of MCL Land, the Singapore-based development arm of Hongkong Land.

Elta was the final of three private condominiums launched on government land sales (GLS) sites at Clementi Avenue 1. According to Ken Low, managing partner of SRI, there are currently no more development plots available in the Clementi town center. This is one of the main reasons for the strong sales, as the previous two projects at Clementi Avenue 1, the 505-unit The Clement Canopy and the 640-unit Clavon, had zero unprofitable transactions.

Based on caveats lodged, the average selling price of The Clement Canopy has increased by 45% to $1,922 psf since its launch in February 2017. Likewise, the average selling price at Clavon has jumped by 27% to $2,086 psf since its debut in December 2020.

Elta is strategically located near major employment nodes like the National University of Singapore (NUS), One-North, Pandan Loop Industrial Estate, the Science Park, Jurong Lake District, and the future Dover Knowledge District. It is also within walking distance to Clementi MRT Station on the East-West Line, and the upcoming Cross Island Line, which will run from east to west of Singapore, will have a station at Clementi. According to Mark Yip, CEO of Huttons Asia, “the upcoming Cross Island Line will enhance the connectivity in Clementi and potentially increase the quality tenant pool for Elta.”

The one- and two-bedroom units at Elta were the most popular among investors, while three-bedroom units were preferred by families. The four-bedroom units were purchased by bigger or extended families. “With Clementi’s excellent connectivity and rich amenities, we are confident that it will remain a highly sought-after destination for both homeowners and investors,” said Qian Liang Zhong, chairman of CSC Land Group, a subsidiary of China Construction (South Pacific) Development Co.

Moreover, Clementi Avenue 1 is in the educational belt, with prestigious schools such as Nan Hua High School, NUS High School of Mathematics and Science, and Anglo-Chinese School (Independent) in close proximity. It is also near tertiary institutions like NUS, Singapore Polytechnic, and United World College of South East Asia (Dover Campus). “With primary, secondary, and tertiary schools in the area, families with children can stay for a good 15 years – the duration of a child’s education,” said Low.

Projects at Clementi Avenue 1 are popular with investors due to the profile of tenants – primarily international students and professionals, added Low. For instance, two-bedroom units at The Clement Canopy of 624 to 732 sq ft have been leased at $4,200 to $4,700 per month, or $5.60 psf to $6.42 psf per month in January and February, based on data from EdgeProp Landlens and URA Realis. At Clavon, the latest rental transaction was for a 764 sq ft, two-bedroom unit leased for $4,600 or $6.02 psf per month at EdgeProp Landlens.

When considering investing in a condo in Singapore, capital appreciation should be one of the top factors to consider. This thriving city-state’s advantageous position as a global business hub, along with its strong economic foundation, ensures a constant demand for real estate. Over time, Singapore’s property prices have consistently risen, with condos in prime areas experiencing significant appreciation. For those who enter the market at the opportune moment and hold onto their properties for the long haul, substantial capital gains can be expected. Check out Singapore Projects for potential investment opportunities.

Elta has also benefitted from the healthy pool of HDB upgraders in Clementi and Queenstown, according to Marcus Chu, CEO of ERA Singapore. He shared that over 2,500 HDB units have reached their Minimum Occupation Period (MOP) since 2021, with an additional 1,100 units set to do so this year. “The development is also well-connected to several nature parks, including Clementi Woods Park, West Coast Park, and Kent Ridge Park, offering residents easy access to green spaces,” said Chu.

On the same weekend of Feb 22nd-23rd, the 1,193-unit ParkTown Residence was also launched and sold 1,041 units. Collectively, Elta and ParkTown Residence sold more than 1,300 units, surpassing the 1,083 new homes sold for the entire month of January. “The sales momentum seen towards the end of 2024 has carried into the new year, and we expect the primary market to remain relatively lively in 2025 amid improved sentiment,” said PropNex’s Gafoor.

Huttons Data Analytics estimates developers’ sales in February to exceed 1,500 units. The total sales for the first two months of 2025 are estimated to be between 2,500 and 2,700 units, which is equivalent to 39% of the total new sales of 6,469 units for the entire 2024, according to Huttons. As a result, Huttons has revised its full-year projection for 2025 to be between 7,500 and 8,500 units, from its earlier estimate of 7,000 to 8,000. Its full-year price growth for 2025 is expected to be between 4% and 7%.…

CapitaLand India Trust (CLINT) has announced plans to acquire a prominent office project in Nagawara, Outer Ring Road, Bangalore, for an estimated cost of $233.6 million. This strategic move is being made through a forward purchase agreement with Maia Estates Offices.

The addition of this 1.13 million sq ft office project to CLINT’s portfolio is expected to significantly boost earnings and distributions for unitholders. On a stabilized basis, the project is expected to generate a net profit of $7.7 million, while distribution per unit is projected to increase from 6.84 cents to 6.98 cents.

This office project is a part of a mixed-use development that comprises both office and retail spaces. Under the terms of the forward purchase agreement, CLINT will fully fund the development of the office project and receive interest on the funding at a higher rate compared to its borrowing cost.

For those interested in investing in overseas properties, there are a variety of projects available for sale around the world.

Upon completion of the development, which is estimated to be in the first half of 2030, CLINT will acquire the office space while Maia will retain the retail portion. This will result in a 9.9 million sq ft operational portfolio in Bangalore for CLINT, up from its current 8.7 million sq ft.

Apart from this office project, CLINT has other properties under development in Bangalore, including two office buildings in Gardencity, an IT Park at Hebbal, and an IT park at ITPB.

With the addition of this office project, CLINT’s portfolio size, including its committed investment pipeline, is estimated to increase by 4.0% from approximately 30.2 million sq ft to approximately 31.47 million sq ft.

When it comes to investing in real estate in Singapore, it is crucial for foreign investors to be acquainted with the regulations and limitations that come with property ownership. Unlike landed properties, which have more stringent ownership rules, foreigners are generally allowed to purchase condos with minimal restriction. However, it is important to note that foreign buyers are still subject to the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property purchase. Despite this additional cost, the Singapore real estate market’s stability and potential for growth continue to attract foreign investors, making Singapore Condo an attractive investment option.

According to Gauri Shankar Nagabhushanam, CEO of CLINT, “The acquisition of this strategically located office project will further strengthen CLINT’s position in Bangalore, one of India’s most prominent office markets. In 2024, Bangalore witnessed record leasing levels for Grade A office space, with ORR being the largest office micro-market. With this prime office property, we will be able to offer our tenants a wider range of premium office space options across key micro-markets in Bangalore.”

On Feb 21, units in CLINT closed at $1, experiencing no change from the previous day.…

Sim Lian Group has announced the opening of their executive condo, Aurelle of Tampines, for e-application on Feb 22. The luxurious 760-unit EC is situated at Tampines Street 62 in Tampines North and marks the first new EC project launch of 2025. With its prime location and top-of-the-line amenities, Aurelle of Tampines is poised to be a highly sought-after property for young professionals and growing families.

Conveniently located just a five-minute walk away from the upcoming Tampines North Transport Hub, Aurelle of Tampines is well-connected to various parts of the island. The Tampines North MRT Station, slated to open in 2030 as part of the Cross Island Line, along with an air-conditioned bus interchange, will be integrated with the mixed-use development of ParkTown Mall, Community Club, Hawker Centre and the ParkTown Residence. The 1,093-unit ParkTown Residence will also be officially launched on Feb 22.

Spread across a site area of 301,391 sq ft, the EC project boasts fourteen 14-storey residential blocks. Sim Lian Group has designed the units to cater to the needs of both young professionals and growing families. As such, the units are a mix of three- to five-bedroom units.

Prices for Aurelle of Tampines range from $1.417 million ($1,687 psf) for a three-bedder from 840 sq ft; from $1.689 million ($1,651 psf) for a four-bedder from 1,023 sq ft; and from $2.258 million ($1,665 psf) for a five-bedder of 1,356 sq ft.

Next door to Aurelle of Tampines is the 618-unit EC Tenet, developed jointly by Qingjian Realty and Santarli Realty. Launched in December 2022, the project has already sold 617 units at an average price of $1,385 psf. According to caveats lodged, the highest transacted price on a psf basis was for a 1,367 sq ft unit that fetched $2.26 million or $1,651 psf in December. As of Feb 21, Tenet has only one available unit for sale.

E-applications for Aurelle of Tampines will begin on Feb 22 and end on Mar 4, with sales bookings commencing on Mar 8. The appointed marketing agents for the project are ERA, Huttons, OrangeTee and PropNex.

As per the prevailing EC regulations, during the initial launch (the first 30 days), 70% of the project has to be allocated to first-time buyers, with only 30% open to second-timers. For more information, interested parties can reach out to the marketing agents.

Stay updated with the latest listings and prices for properties in and around Aurelle of Tampines, Tenet and Parktown Residence with Ask Buddy. Our platform also allows you to compare the price trends for new sale condos and resale condos, and find out the available units left in Tenet. You can also check out other recently launched projects in the area for more options.

Singapore’s limited land availability has made condos a highly sought-after commodity in the country. As a small island nation experiencing rapid population growth, the demand for development land is high. Due to this scarcity, Singapore has implemented stringent land use policies and a competitive real estate market, causing property prices to continuously rise. As a result, investing in real estate, specifically condos, has become a profitable opportunity with the potential for capital appreciation. With such attractive prospects, it’s no surprise that condos are in high demand in Singapore.…

A Singapore Condo is a wise investment choice that comes with a myriad of benefits. One of the advantages is the ability to leverage the property’s value for future endeavors. Numerous investors have utilized their condo’s worth as collateral to secure funding for new projects, effectively expanding their real estate portfolio. While this strategy can yield high returns, it also carries inherent risks. As such, it is crucial to have a well-crafted financial plan and carefully consider the potential impact of fluctuating market conditions. With a strategic approach to investing in a Singapore Condo, investors can diversify their real estate assets and potentially achieve even greater success.

River Valley Apartments, a freehold condominium located on River Valley Road, has just been sold for a whopping $56 million. This successful residential collective sale deal is the first of its kind to close in 2025, and has a land rate of $1,622 per square foot per plot ratio (psf ppr).The lucky strata-titled owners will each receive a minimum of $2 to $2.6 million, based on the sale price. According to the press release issued by Knight Frank Singapore, the marketing agent for the sale, the purchaser is a prominent Singapore family office. They plan to reinvigorate the site by turning it into a serviced apartment complex. The Urban Redevelopment Authority (URA) has already granted an Outline Permission for the development of such apartments at the location. This is a highly sought-after area of Singapore, and the deal has attracted a lot of media attention.Read also:Is it a Good Deal?: $2.65 million for a two-bedroom freehold unit in D9AdvertisementAdvertisement“This is a groundbreaking sale, given the current collective sale market conditions, especially in the residential sector,” says Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore. She is excited about the successful closure of the River Valley Apartments deal, which is the first residential collective sale site to be sold in a prime district since 2023. In May of that year, Aurum Land purchased the Kew Lodge condominium for $66.8 million.“The tender for River Valley Apartments received a lot of positive interest,” says Chia. According to her, the appeal of this site lies in its excellent location within the popular and bustling River Valley neighborhood. Moreover, its redevelopment into a serviced apartment project is sure to fit perfectly with Singapore’s rapidly growing living sector.River Valley Apartments is a four-story building with a total of 24 units. The site covers an area of 12,408 square feet and is zoned for residential use, with a gross plot ratio of 2.8 under the latest Master Plan. The collective sale of the development was launched on January 7th, at a guide price of $56 million.“We have attempted to initiate a collective sale of this development in the past, but this is the first time we have managed to secure an 80% consensus from the owners to proceed with the sale,” says Jerry Tan, chairman of the River Valley Apartments collective sale committee. You can find the latest listings for River Valley Apartments properties on BuddyListings, and join the other buyers in the hunt for a good deal! Ask BuddyListings for sale for River Valley ApartmentsAre there unprofitable transactions in River Valley Apartments?Compare price trend of HDB vs Condo vs LandedView sale transactions for River Valley ApartmentsAny condo rental listings in District 10?Listings for sale for River Valley ApartmentsAre there unprofitable transactions in River Valley Apartments?Compare price trend of HDB vs Condo vs LandedView sale transactions for River Valley ApartmentsAny condo rental listings in District 10?…

Property investment sales in S’pore down 28.5% in 2023: RCA data

Nassim 9, an exclusive luxury development, achieved a record-breaking transaction during the period from Feb 4 to Feb 7. A 2,486 sq ft four-bedroom unit on the third floor was sold for $7.5 million, which translates to a price of $3,016 per square foot. This transaction has been the most profitable resale transaction recorded at Nassim 9, located at Nassim Road, District 10.

According to records from the Urban Redevelopment Authority (URA), the seller bought the same unit in December 2005 for a price of $4.12 million ($1,641 psf). This means that they raked in a profit of $3.42 million, which is equivalent to 83.8% of their initial purchase price. Based on an analysis of the profit gained, it translates to an annual gain of 3.2% over the period of 19 years.

The recent transaction at Nassim 9 has been noted to be the third most profitable resale at this luxury development. The current record was made in March 2023, when a larger 2,756 sq ft four-bedroom unit was sold for an amount of $9.5 million, or $3,448 psf. This unit was purchased for $4.12 million, which was equivalent to $1,495 psf in December 2005. The seller made a profit of $5.38 million, which is equivalent to 130.6%. This translates to an annual gain of 5% over a period of 17 years.

Prior to the recent sale, the last transaction at Nassim 9 took place in March 2023. It involved a 3,251 sq ft four-bedroom unit, which was sold for an amount of $10.3 million. The seller made a profit of $3.3 million.

Nassim 9, housing only eight units, is a boutique condominium situated along Nassim Road in the prime District 10. It was completed in 2002, and comprises of four-storey buildings with four-bedroom units spanning from 2,756 to 3,423 sq ft.

Mount Faber Lodge, a boutique development, has been in the news as the second most profitable development during the period from Feb 4 to Feb 7. A triplex penthouse unit was sold for $5 million, which translates to a price of $1,350 psf, on Feb 5. The seller had purchased the unit in August 2001 for $1.6 million. This means that the seller made a profit of $3.4 million, or 212.5% of their initial purchase price. Based on an analysis of the gain, it translates to an annual gain of 5% over a period of 23.5 years.

This sale at Mount Faber Lodge has been the most profitable transaction recorded at this freehold development. The previous record was set by a three-bedroom unit, with an area of 2,669 sq ft, which was sold for $3.89 million ($1,457 psf) in October 2022. The unit was purchased for $1.3 million, which was equivalent to $487 psf in January 2006. This sale meant that the seller made a profit of $2.59 million, which is equivalent to 199.2%. It translates to an annual gain of 4.7% over a period of 14 years.

Mount Faber Lodge was completed in 1983, and comprises of 84 studio units with an area of 1,098 sq ft, two- and three-bedroom units ranging from 1,173 to 2,454 sq ft, and 20 five-bedroom triplex penthouses with an area of 3,703 to 3,724 sq ft.

The third most profitable deal was recorded at Amaryllis Ville, a 99-year leasehold development located at prime District 11. A three-bedroom unit on the 28th floor was sold for $2.65 million ($2,141 psf) on Feb 5. It had been sold in June 2005 for $1.09 million ($884 psf). This means that the seller made a profit of $1.56 million, which translates to 142.2% of the initial purchase price. Based on an analysis of the gain, it translates to an annual gain of 4.6% over 19.5 years.

The Condo market in Singapore offers a plethora of advantages for investors, and one of the most prominent among them is the potential for capital appreciation. Thanks to its strategic position as a global business hub and robust economic foundation, Singapore consistently attracts a high demand for real estate. In fact, property prices in this city-state have displayed a consistent upward trend, with condos in prime locations experiencing significant growth. For those who enter the market at the right time and hold onto their properties for the long term, substantial capital gains can be expected.

This sale has been ranked as the third most profitable transaction at Amaryllis Ville. The highest profit was recorded in September 2023, when a 1,991 sq ft three-bedroom unit on the 17th floor was sold for $3.75 million ($1,885 psf). It was bought at a price of $1.95 million ($979 psf) in June 2009. This means that the seller made a profit of $1.8 million, equivalent to 92.5%. Based on an analysis of the gain, it translates to an annual gain of 4.7% over a period of 14 years.

According to statistics compiled by EdgeProp Singapore, resale prices at Amaryllis Ville has been on the rise. The average price rose to $1,897 psf in February 2023, and further rose to $2,001 psf in February 2024. In the last month, the average price rose to $2,082 psf, and represented a 4% gain year-on-year.

Amaryllis Ville houses a total of 311 units, and is surrounded by a mix of one- and two-bedroom units ranging from 657 to 1,378 sq ft, and three-bedroom units ranging from 958 to 2,637 sq ft. The development also has a total of 20 five-bedroom triplex penthouses between 3,703 and 3,724 sq ft. Rochelle at Newton, comprising of 129 units, is situated along Keng Lee Road, while Kopar at Newton, comprising of 378 units, is situated along Makeway Avenue. There were no transactions recorded during the period in review.…

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When purchasing a condominium, it is crucial to take into account the maintenance and management of the property. Maintenance fees are typically included in condo ownership and cover the maintenance of shared spaces and amenities. Although these fees may increase the overall cost of ownership, they help to preserve the property’s condition and value. It may be beneficial for investors to enlist the services of a property management company to handle the daily operations of their condos, making it a more hands-off investment. This is particularly true for condominium projects in Singapore available at Singapore Projects.

8M Residences, a freehold development, topped the list of private condos that achieved a new psf-price peak in the first week of February 2025. The development recorded a new high of $2,384 psf when a two-bedroom unit on the 15th floor sold for $1.54 million on Feb 3. This sale is the first time a unit at 8M Residences has been sold for over $2,300 psf, surpassing the previous record of $2,261 psf set in April 2023. Another unit at 8M Residences was sold during this period, also surpassing the previous record. On Feb 3, a one-bedroom unit on the 11th floor sold for $1.2 million, setting a new high of $2,275 psf. Over the last few years, resale prices at 8M Residences have consistently risen, with an average price increase of 7.3% over the last three years. Completed in 2017, 8M Residences has a mix of one- to three-bedroom units as well as four penthouses. It is conveniently located near various amenities and is within walking distance of a few MRT stations. In second place on the list is Kovan Jewel, a freehold condo located in District 19. The sale of a three-bedroom unit on the second floor for $2.41 million on Feb 7 set a new high of $2,236 psf. This sale marginally surpasses the previous record set in August 2024. As of Feb 18, 50% of the units at Kovan Jewel have been sold at an average price of $2,111 psf. Lastly, Oleanas Residence, a freehold condo in District 9, rounded out the top three with a new record of $2,207 psf for a three-bedroom unit on the sixth floor. Completed in 1999, Oleanas Residence has seen only four resale transactions in the last three years. It is within walking distance of two MRT stations and various educational institutions.…