Month: January 2025

The GLS site at Tengah Gardens Avenue saw the close of its tender on Jan 14, with three bids submitted. The highest bid of $675 million came from a consortium led by Hong Leong, along with GuocoLand Singapore and CSC Land Group, offering a price of $821 per square foot per plot ratio (psf ppr). The site, which has a 99-year leasehold and spans approximately 273,906 sq ft, is zoned for residential with commercial development on the first storey. It has a maximum gross floor area of 821,720 sq ft and is estimated by the URA to potentially yield up to 860 residential units.

If awarded, the consortium plans to build an 860-unit condo, taking advantage of the upcoming Jurong Region Line (JRL) nearby to enhance connectivity. According to Loke Kee Yeu, general manager (Projects) at Hong Leong Holdings Limited, the JRL will also contribute to the growth of the …

In summary, there are many benefits to be gained by investing in a condominium in Singapore. These include a high demand in the market, potential for the property’s value to appreciate over time, and attractive rental yields. However, it is crucial for potential investors to carefully consider various factors such as the location of the condo, financing options available, government regulations, and market conditions. By conducting thorough research and seeking professional guidance, investors can make well-informed decisions and maximize their returns in the ever-evolving real estate market of Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, Singapore’s condo projects present a compelling opportunity. So, do not hesitate to explore the Singapore Projects and take advantage of the thriving real estate market in this dynamic country.

A rare opportunity presents itself for investors seeking a freehold property …

When considering an investment in a condo, it is imperative to also evaluate its potential as a rental property. This is commonly referred to as rental yield, which calculates the annual rental income as a percentage of the purchase price. In Singapore, condos can have varying rental yields, depending on several factors such as location, property condition, and market demand. Typically, areas with high rental demand, such as those near business districts or educational institutions, tend to offer higher rental yields. To gain a comprehensive understanding of the rental potential of a specific condo, it is advisable to conduct thorough market research and seek guidance from experienced real estate agents. Condos are a valuable investment opportunity, and careful consideration is crucial in determining their rental yield.

JLL, a leading real estate consulting firm, has announced the appointment of James Cameron as the head of energy and infrastructure for Asia Pacific …

An expression of interest (EOI) has been launched for two adjacent Good Class Bungalows (GCBs) situated at 52 and 54 Belmont Road in the prestigious Belmont Park GCB area. According to sources, the owners of the GCBs are believed to be related to each other, making this a unique opportunity for potential buyers.

These freehold properties are located on a combined land area of 41,741 square feet and have an indicative price of $88.8 million, which translates to approximately $2,128 per square foot on the land area. The GCBs have an impressive 44-meter frontage along Belmont Road with an average depth of 66 meters, as stated by marketing agent Sakal Real Estate Partners.

“We believe that this site will be highly sought after by families looking to build a new home for multigenerational living or for extended families living together,” says Lennon Koh, senior director at Sakal. “In addition to …

JLL, a real estate consulting firm, has announced the appointment of James Cameron as the head of energy and infrastructure for Asia Pacific in its capital markets business line. The new role, based in Singapore, will focus on building a team in the region to complement JLL’s existing Energy & Infrastructure business in EMEA, creating a global capital advisory capability to support local and international developers and investors.

Cameron’s appointment aligns with JLL’s long-term strategy to facilitate the development of infrastructure and renewable energy projects to meet the challenges of decarbonization, digitalization, economic growth, and rapid urbanization. According to Stuart Crow, JLL Asia Pacific’s CEO of capital markets, the firm sees significant potential to leverage its expertise in mobilizing different sources of capital and its track record in advising renewable transactions to serve clients across Asia Pacific.

The decision to invest in a condo in Singapore has become increasingly prevalent …

Over the weekend of January 11 and 12, One Bernam, a mixed-use development with 351 residential units located in Tanjong Pagar, launched a promotional sale of 87 units.

The 99-year leasehold apartment tower, developed by MCC Land and Hao Yuan Investment, was first introduced in May 2021. As of January 10, over 75% of the units have been sold at an average price of $2,585 per square foot (psf), based on caveats lodged.

The promotional prices were applicable to all remaining units, which included one-bedroom to three-bedroom units, as well as penthouses. Interested buyers can search for the latest New Launches to find out about the transaction prices and available units.

For one-bedroom units, which range from 441 square feet to 463 square feet, there were discounts of $323,000 to $438,000. These units were sold at prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Two-bedroom apartments, …

The Real Estate Developers’ Association of Singapore (Redas) has recently selected its new management committee for the upcoming two years. In the organization’s Annual General Meeting on Jan 9, the members have unanimously re-elected the current President Tan Swee Yiow, who is also the Chairman of Keppel Reit Management. This will mark Tan’s second consecutive term as President.

Singapore’s condo investment scene is greatly affected by the government’s property cooling measures. To maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. One of the key 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 have an impact on the short-term profitability of Singapore condo investments, they also contribute to the overall stability of the market, creating a safer investment environment for both local and …

The most profitable resale transaction in the last few weeks of December took place at The Arcadia, with a 3,767 sq ft unit selling for a whopping $3.25 million profit. The owner of the four-bedroom unit on the seventh floor sold the property on Dec 10 for $4.75 million, earning an incredible 217% profit. Records show that the unit was purchased for $1.5 million in 1998, meaning the seller made an annualised profit of 4.5% over 26 years.

Last year, five units at The Arcadia were resold for profits ranging from $60,000 to $3.25 million, with the largest profit recorded at $3.25 million for a 3,778 sq ft unit on the fourth floor. This unit sold for $4.6 million on Oct 10, 2024, providing the seller with a profit of $60,000.

The record for the most profit generated at The Arcadia goes to a 7,503 sq ft penthouse on the …

A recently completed Good Class Bungalow (GCB) located at Victoria Park has been put up for sale with an impressive price tag of $61 million. This seven-bedroom bungalow was built just three years ago and is situated at the end of Victoria Close, a cul-de-sac that only comprises of 10 houses.

According to Jervis Ng, the associate group district director at PropNex Realty and the agent handling the sale of this GCB, the number of houses in the exclusive enclave can only be increased by dividing a larger plot of more than 30,000 sq ft, in line with planning guidelines. Ng, who is also the founder of JNA Real Estate, a property team under PropNex, believes that this will help maintain the exclusivity and privacy enjoyed by GCBs along Victoria Park Close, making it a priority for many ultra-high-net-worth individuals and their families who are willing to pay a premium …

Local real estate advisory firm Edmund Tie & Company has recently announced a change in its name, now simply known as ETC. The rebranding exercise also includes a revamped logo.

A significant benefit of purchasing a condominium in Singapore lies in its potential for capital growth. Thanks to its prime location as a leading global business center and robust economic fundamentals, the demand for real estate in Singapore remains consistently high. As a result, property prices in the country have demonstrated a steady, upward trajectory, with condos in desirable areas experiencing significant appreciation. By investing at the opportune time and holding onto their properties for an extended period, investors can reap considerable capital gains from the flourishing market. Aspiring buyers can explore the attractive benefits of condo ownership through the resources offered by Condo.

According to ETC CEO Desmond Sim, the decision to officially adopt ETC as the company’s …