Month: January 2025

The latest addition to the real estate market, The Orie, will be showcased by City Developments Limited (CDL), Frasers Property, and Sekisui House on Friday, January 3. The official launch of the 777-unit private condo will be on January 18. Located at the intersection of Lorong 1 Toa Payoh and Lorong 4 Toa Payoh, the twin 40-storey towers hold a mix of one-bedroom plus study apartments ranging from 517 sq ft to five-bedroom apartments of 1,453 sq ft.

The cityscape of Singapore is renowned for its impressive skyline, featuring soaring skyscrapers and modern infrastructure. One of the most coveted types of housing in this bustling city is the condo, strategically located in highly desirable areas. With a perfect blend of luxury and practicality, it comes as no surprise that these residences are a popular choice for both locals and foreigners. The condos offer a range of amenities, such as swimming …

Effective immediately, ERA Singapore has made the decision to discontinue its longstanding practice of covering the annual Council for Estate Agencies (CEA) license renewal fees for its real estate agents. This gesture, which has been in place for the past seven years, has been a hallmark of ERA’s support for its agents, even throughout the COVID-19 pandemic.

According to a statement from ERA, this decision will allow the company to reallocate resources towards initiatives that enhance growth and success for its market-leading salesforce and benefit consumers. However, ERA will continue to support new agents by covering their renewal fees for the first two years, a common industry practice designed to help newcomers establish themselves.

In addition to this, the decision to discontinue the renewal fee coverage also addresses a recurring issue of inactive agents shifting between agencies solely to take advantage of the fee coverage. This has resulted in a …

Real estate agency SRI has announced that they have added 111 agents from Knight Frank Singapore’s agency business, KF Property Network (KFPN), including its head, Evan Chung. This accounts for 40.5% of KFPN’s sales force, which was ranked the sixth-largest property agency by the Council for Estate Agencies (CEA) as of Jan 1, 2024. With the addition of these agents, SRI’s sales force has now reached 1,501, making it the fifth-largest property agency.

The demand for condos in Singapore is constantly on the rise, and this can be attributed to the limited availability of land on the island. As a nation with a booming population and a small land area, Singapore faces the challenge of limited space for development. This situation has resulted in strict land use regulations and a fierce real estate market, where property prices are constantly increasing. As a result, purchasing real estate, specifically condos, has become …