Month: February 2025

Mandarin Gardens has made headlines as it recorded the most profitable condo resale transaction in the week of February 7 to February 14. The transaction involved a four-bedroom unit spanning 3,800 sq ft, which sold for $4.88 million, or $1,284 psf, on February 11. According to URA records, the unit on the eighth floor was last sold for $1.05 million, or $276 psf, in June 2003.

This sale resulted in a profit of $3.83 million, or 364.8% of the original purchase price, for the seller. This translates to an annualized capital gain of 7.4% over the span of 21 and a half years. This transaction also sets a new record for the most profitable sale at Mandarin Gardens, overtaking the previous record held by a 3,068 sq ft four-bedroom unit on the 20th floor. This unit was purchased for $1.4 million ($456 psf) in August 2001 and sold for $4.1 …

When it comes to investing in real estate, location is a critical aspect to consider, and this holds particularly true in Singapore. Condos situated in prime areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs have a higher potential for appreciation in value. Some examples of these desirable locations in Singapore include Orchard Road, Marina Bay, and the Central Business District (CBD), where real estate values have consistently shown growth. Additionally, these areas are also home to prestigious and well-regarded schools and educational institutions, making condos in these locations highly sought after by families, further increasing their investment potential. For more information on investing in Singapore condos, click here.

Thanks to a recent sale, Hill House has claimed the top spot for private condo with the highest psf-price in the last 10 days, surpassing its previous record of $3,378 psf set …

Chiu Teng Group, known for its quality commercial and industrial spaces in Singapore, has launched its new freehold development – CT Pemimpin. This development will be a delight for property investors and business owners looking for a rare gem in the land-scarce city-state.

Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory comprising 56 strata-titled units and three canteen units. It boasts a prime freehold status, making it stand out in a market where most industrial developments are limited to a 30-year or 60-year lease. Moreover, commercial and industrial properties are not subjected to Additional Buyer’s Stamp Duty (ABSD) by the government, making them an attractive alternative for investors and eligible foreign buyers.

Kelvin Fong, Deputy CEO of PropNex Realty, states that “Being a freehold development in this centralised location, it will be a good investment asset for both investors and end-users.”…

Sim Lim Square retail units on the third floor will be featured at the upcoming auction by ERA on Feb 27, with a total suggested price of $3.38 million. This pair of units, located next to each other, offers a larger unit of 958 sq ft with a guide price of $2.08 million ($2,171 psf), and a smaller unit of 570 sq ft with a suggested price of $1.28 million ($2,246 psf). The current owner is looking to sell both units as a package or individually. This is the first time the units have been listed in ERA’s auction. The prices are competitive, as they are slightly below market value, in hopes of attracting a quick sale.

According to EdgeProp Singapore’s analytical tools, retail units at Sim Lim Square have an average price of $2,997 psf over the past year. The latest transaction at the development was a 592 sq …

Hoi Hup Realty and Sunway Group to redevelop Dairy Farm Heights Site

Renowned retiree Mr Chong has been a great support for his three sons as they ventured into buying their first homes. His eldest son chose a private condo while the two younger ones chose executive condos (ECs). Mr Chong did not have to think twice about the EC option, especially when bought during a new launch. Even if purchased shortly after the five-year MOP (minimum occupation period), it is still a great entry price according to him.

Mr Chong has experienced both situations in which his second son purchased a three-bedroom unit at the 531-unit Hundred Palms Residences in July 2017. However, his son initially wanted a four-bedroom unit but they were already sold out quickly. The project by Hoi Hup Realty received 2,000 e-applications and was sold out on the first day of launch at an average …

When considering the purchase of a Condo in Singapore, it is of utmost importance to carefully evaluate the associated financial aspects. While the allure of owning a Condo can be enticing, it is essential to fully grasp the potential consequences. This involves taking into account the Total Debt Servicing Ratio (TDSR) framework, which places a cap on the maximum loan amount a borrower can obtain based on their income and current debt obligations. Understanding the TDSR in depth is crucial for making well-informed decisions when it comes to financing a Condo investment. Seeking assistance from financial professionals or mortgage brokers can also prove to be highly beneficial, as it can prevent excessive borrowing and lead to a successful Condo investment.

According to data from C9 Hotelworks, a consultancy specializing in hospitality in Asia, the market value of branded residential projects in Asia has reached a record high of US$26.6 billion …

Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have recently signed an MOU to jointly develop UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor. This marks the first Johor-Singapore Special Economic Zone (JS-SEZ) collaboration between private companies from the two countries.

The signing of the MOU, which took place on Feb 27, coincided with the opening of UEM Sunrise Gallery Iskandar Puteri, a showcase of the group’s vision for the area. Iskandar Puteri, also known as Flagship Zone B of the JS-SEZ, is a hub for various industries such as manufacturing, business services, education, health, and tourism.

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Investing in a condo in Singapore offers numerous benefits, with one major advantage being the potential for capital appreciation. This is due in large part to Singapore’s prime location as a global business hub and its robust economic foundations, which maintain a constant demand for real estate. In recent years, the …

Due to the limited land space in Singapore, there is a constant demand for condos in the country. The population is growing, while the availability of land for development remains scarce. To address this issue, the Singaporean government has implemented strict regulations on land use, resulting in a highly competitive real estate market. As a result, property prices have continuously risen, making investing in real estate, particularly in Singapore Condos, a highly profitable opportunity for capital growth. This growing demand for Singapore Condos has made it a highly coveted choice for investors. Add Singapore Condo to rewritten paragraph

UEM Sunrise and GuocoLand have recently signed the first Johor-Singapore Special Economic Zone (JS-SEZ) MOU between private companies from Malaysia and Singapore. According to a press release on February 27th, the two groups will work together to develop selected freehold land in Iskandar Puteri, Johor, with a focus on accelerating growth within …

SINGAPORE (EDGEPROP) – Frasers Property has teamed up with two Chinese real estate groups, Xiamen ITG Real Estate Group and Gemdale Corporation, to jointly acquire a residential site in Songjiang District in Shanghai, China. The joint venture (JV) partners successfully bid for the site for RMB815.2 million ($151.9 million) in a tender conducted by the Shanghai Municipal Bureau of Planning and Natural Resources.The acquisition underscores Frasers Property’s commitment to expanding its presence in Shanghai and delivering high-quality residential developments that meet the evolving needs of the local community. According to a press release on Feb 26, Frasers Property has announced that the JV partners plan to develop the site into a mix of 189 low-rise apartments, townhouses and duplex units, with a total gross floor area of 334,714 sq ft. The development is expected to target upgraders and first-time homebuyers in Fangsong Community, Songjiang District, Shanghai.Situated in a prime residential …

Category: CDL, Kwek Leng Beng

City Developments (CDL) has put a stop to the serious lapses in corporate governance, according to a second statement released by executive chairman Kwek Leng Beng. This comes after a court hearing on Feb 26, in which the two newly appointed directors, Jennifer Duong Young and Wong Su Yen, have agreed not to exercise any powers as directors until further notice from the court. These two directors were appointed via resolutions in writing, which were deemed as hasty and irregular.

Kwek also mentioned that his son, Sherman Kwek, Philip Lee, Wong Ai Ai, and other directors who were acting together with them, have also agreed not to take any further action regarding their attempt to change the board committees and management of certain CDL subsidiaries until the court gives further notice. The nominating and remuneration committee, which was also constituted irregularly, has been suspended from …