Month: January 2025

A luxurious Good Class Bungalow (GCB) located in the exclusive Dalve Estate-Nassim Road enclave has recently been put up for sale through an expression of interest (EOI) exercise, with an approximate price of $60 million. The marketing agent, Cushman & Wakefield, announced on Jan 8 that the indicative price reflects $2,742 psf, based on the total land area of 21,881 sq ft.

Shaun Poh, the executive director of capital markets at Cushman & Wakefield, highlights the prime location of this freehold property, situated on elevated ground, making it ideal for redevelopment. He believes that it is the perfect opportunity for interested buyers looking to build their dream multi-generational home from scratch, or for developers seeking to create a luxurious and state-of-the-art GCB that caters to the discerning tastes of individuals.

The property boasts a desirable location, being adjacent to the renowned Singapore Botanic Gardens and a short drive away from …

A stunning residential project in New York is set to capture the attention of Singapore buyers as it is showcased during the weekend of Jan 11 and 12. Situated in the highly coveted Upper West Side of Manhattan, 720 West End Avenue boasts 131 luxurious residences ranging from one- to five-bedroom homes, townhouses, duplexes and penthouses with private terraces. With unit sizes varying from approximately 500 sq ft to over 3,700 sq ft, buyers will have a wide selection to choose from. Prices for the residences start from US$1.015 million ($1.38 million) for a one-bedroom unit.

Originally built in 1927 by renowned New York architect Emery Roth, the pre-war building was previously known as the Hotel Marcy. Its Renaissance Revival-style facade has been meticulously restored by the developers, Glacier Equities and InterVest Capital Partners, to preserve its intricate architectural details. They have also added two floors to accommodate the penthouse …

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Obtaining financing is a crucial element in investing in a condominium. With a variety of mortgage choices available in Singapore, it is important to have a thorough understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can secure, based on their income and current debt commitments. Partnering with financial advisors or mortgage brokers can assist investors in making well-informed decisions about their financing options and prevent them from taking on excessive debt. Additionally, for more information on projects in Singapore, please visit Singapore Projects.

Ayana Bali, a 90ha integrated resort in Bali, Indonesia, has launched its latest residential development, the Alamanda Tower. The tower features 26 luxurious one- and two-bedroom residences that can be leased for long-term stays of at least a month.The Alamanda Tower is part of Ayana Residences, a prestigious collection of residential properties …

Surbana Jurong Group has recently welcomed renowned urban planning expert Professor Cheong Koon Hean to its board of directors. In a press release issued on Jan 6, the company expressed its confidence that Cheong’s appointment will enhance Surbana Jurong’s ability to provide cutting-edge, resilient, and sustainable solutions for the built environment.

Cheong brings with her a wealth of experience, having served as the CEO of HDB from 2010 to 2020 and the CEO of URA from 2004 to 2010. Currently, she holds the position of Chair at the Lee Kuan Yew Centre for Innovative Cities and is a Professor of Practice at Singapore University of Technology and Design. She also serves as Chair of the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

Securing financing is a crucial component of investing in a condominium. In Singapore, there are various mortgage alternatives available, but it is crucial …

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The demand for new condo launches in Singapore remains high as the island nation’s land availability is becoming increasingly scarce. Due to its growing population, Singapore is faced with limited land for development, resulting in stringent land usage regulations and a cutthroat real estate market. As a consequence, property prices continuously soar, making investments in real estate, especially in condominiums, a profitable prospect with the possibility of capital appreciation. With options such as New Condo Launches, individuals have the opportunity to enter the competitive real estate market and potentially reap financial benefits in the long run.

River Valley Apartments, a freehold condominium situated in the sought-after District 10, has been put up for collective sale by public tender. The development, which is located on River Valley Road, is being marketed exclusively by Knight Frank Singapore. The asking price for the property is set at $56 million, according to …

Investing in condos in Singapore requires careful consideration of the government’s property cooling measures. The Singaporean government has implemented various measures over the years to prevent speculative buying and maintain a stable real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those who purchase multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment environment.

The Urban Redevelopment Authority (URA) has given the green light for the voluntary conservation of Golden Mile Tower, as stated in the outline application that was recently approved. This decision will only come into fruition if the sale of the 99-year leasehold development is successful through a collective sale, and if the developer plans to redevelop the property.

According to sources …

Over the weekend of Jan 4-5, there was an overwhelming turnout at the sales gallery of Bagnall Haus at Upper East Coast, with 1,500 visitors in attendance. According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the developer of Bagnall Haus, many of the visitors were groups of families, most of whom were current residents in the East.

The highly anticipated Bagnall Haus is one of the first new project launches of 2025. This 113-unit freehold condo is a redevelopment of the former Bagnall Court, which was acquired in January 2023 for a whopping $115.28 million.

One of the major selling points of Bagnall Haus is its prime location. It is just a five-minute walk away from the upcoming Sungei Bedok MRT Interchange Station, as well as the Upper East Coast Bus Terminal. This not only provides residents with easy access to public transportation, but it also offers a …

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The latest flash estimates released by HDB on Jan 2 showed that resale flat prices continued to rise in the fourth quarter of 2024, though at a slightly slower pace compared to the previous quarter. This marked the 19th consecutive quarter of price increases in the HDB resale segment. Overall, resale flat prices grew by 2.5% quarter-on-quarter (q-o-q) in the fourth quarter of 2024, compared to a growth of 2.7% q-o-q in the previous quarter.

According to Christine Sun, chief researcher and strategist at OrangeTee Group, the flash estimates showed that HDB resale prices grew by 9.6% in 2024, which is double the 4.9% growth recorded in 2023. However, it was still slower than the 10.4% price increase in 2022 and the 12.7% growth in 2021.

The latest HDB caveat data released by data.gov.sg on Jan 2 also showed a slowdown in price growth for certain flat types. OrangeTee …

HDB Flash Estimates released on January 2nd revealed a 2.5% increase in resale flat prices in the fourth quarter of 2024, slightly slower than the 2.7% growth seen in the previous quarter. This marks the 19th consecutive quarter of price increases in the HDB resale segment.

According to Christine Sun, Chief Researcher and Strategist at OrangeTee Group, the flash estimates show a 9.6% increase in HDB resale prices in 2024, double the 4.9% growth seen in the previous year. However, this growth is still slower compared to the 10.4% increase in 2022 and 12.7% in 2021.

OrangeTee also notes that based on HDB caveat data, there has been a slowdown in price growth for certain flat types. For example, the median price of four-room flats saw a 2.5% increase in the fourth quarter of 2024, compared to a 3.4% growth in the third quarter.

Similarly, two-room flats saw a 2% …

Roxy-Pacific Holdings, a renowned property developer, will be launching a preview of Bagnall Haus this coming Saturday, January 4. This freehold project is a redevelopment of the former Bagnall Court, which was acquired by the company for $115.28 million in February 2023. The sale price translates to a land rate of $1,106 psf ppr.

In summary, there are many compelling reasons to invest in a condo in Singapore. Not only is there a high demand for these properties, but they also have the potential for capital appreciation and attractive rental yields. However, it is crucial to carefully assess various factors such as location, financing options, government regulations, and market conditions before making any investment decisions. By conducting thorough research and seeking professional guidance, investors can make informed choices and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or …