Month: February 2025

Sim Lian Group has announced that its latest executive condo (EC) project, Aurelle of Tampines, will be open for e-application on February 22. Located at Tampines Street 62 in Tampines North, this 760-unit EC is the first new launch of 2025.

Conveniently situated just a five-minute walk from the upcoming Tampines North Transport Hub, residents of Aurelle of Tampines will have easy access to the Tampines North MRT Station, which is part of the Cross Island Line set to open in 2030. The transport hub will also feature an air-conditioned bus interchange, integrated with a mixed-use development, ParkTown Mall, Community Club, Hawker Centre, and ParkTown Residence. The latter, a 1,093-unit development, will also be launched for sale on February 22.

Spread across a site area of 301,391 sq ft, Aurelle of Tampines boasts fourteen 14-storey residential blocks and offers a mix of three- to five-bedroom units. According to Sim Lian, …

River Valley Apartments, a freehold condominium located on River Valley Road, has just been successfully sold for $56 million. This marks the first collective sale deal to close in 2025, with a selling price that translates to a land rate of $1,622 per square foot per plot ratio (psf ppr).The sale of River Valley Apartments was handled by Knight Frank Singapore, who reported that the purchaser is a Singapore family office with plans to redevelop the site into serviced apartments. The Urban Redevelopment Authority (URA) has already granted an Outline Permission for the development of serviced apartments on this site.”Despite the challenging collective sale market, especially for the residential sector, River Valley Apartments received significant interest during the tender process,” says Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore. “The appeal of this site lies in its prime location within the popular River …

8M Residences, a freehold development located along Margate Road in District 15, set a new record of $2,384 psf when a unit on the 15th floor was sold for $1.54 million on Feb 3. This is the first time a unit at 8M Residences was sold for more than $2,300 psf.The previous record was set in April 2023 when a similar 646 sq ft, two-bedroom unit on the 11th floor was transacted for $1.46 million ($2,261 psf). This shows a steady increase in resale prices at 8M Residences over the years.A one-bedroom unit on the 11th floor was also sold for $1.2 million ($2,275 psf) on Feb 3, surpassing the previous record set in April 2023. The most expensive unit sold at the development was a three-bedroom unit that fetched $2.85 million ($1,548 psf) in October 2012.8M Residences is a 20-storey residential tower with 68 units, offering one- to three-bedroom …

Top 10 URA caveats lodged in February 2024Kismis Hill penthouse on the market for $3.8 mil

Nassim 9, a luxury development located along Nassim Road in prime District 10, saw a record-breaking resale transaction during the period of February 4 to 7. The sale involved a four-bedroom unit on the third floor, spanning 2,486 sq ft and was sold for $7.5 million, or $3,016 psf, on February 7.

Location plays a pivotal role in real estate investing, and this is especially the case in Singapore. Condos located in central areas or in close proximity to important amenities, such as schools, shopping centers, and public transportation hubs, tend to have a higher appreciation in value. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) are perfect examples of areas where property values have consistently risen over time. Additionally, condos situated near reputable schools and educational institutions are …

Property developer Heeton Holdings has reported a significant increase in earnings for the second half of its financial year ending December 31, 2024. The company recorded a 221% year-on-year rise, with earnings reaching $3.85 million.

However, despite this positive growth, Heeton Holdings remains in a loss-making position for the full financial year of 2024. In the second half of the year, the company’s earnings per share were 0.79 cents per ordinary share, while for the entire year it was a negative 0.28 cents per share.

When considering investing in a , it is crucial to thoroughly examine its potential rental yield. This pertains to the annual income generated from renting out the property compared to its purchase price. In , condos can have varying rental returns, influenced by factors like location, maintenance, and market demand. Typically, areas close to bustling business districts or educational institutions are highly sought after and …

Que Neo, a Singaporean businessman and boutique property developer, has a vision to create residential projects that he would personally want to live in. His latest project, K Suites, developed by subsidiary EG Properties, is a 19-unit apartment block along Lorong K Telok Kurau in the desirable East Coast area of District 15. The development is expected to receive its temporary occupation permit (TOP) in the first quarter of 2025.

Ultimately, choosing to invest in a Singapore condo can be advantageous in several ways. The demand for these properties is consistently high, making them a sought-after investment option. Additionally, there is a strong potential for capital appreciation, which can significantly increase the value of the property over time. Moreover, with attractive rental yields, owning a condo in Singapore can also generate a steady stream of income.

However, before making any investment decisions, it is crucial to carefully consider various factors. …

: URAThe rental market for private homes may see flat growth this year, despite a modest rebound in the fourth quarter of 2024. According to a report by Savills Singapore, the first full-year decline since 2020 is expected, as the non-landed private residential market recorded a 1.7% drop in rents over the whole of 2024.19,733 leasing transactions were made in the last three months of 2024, a 24.2% decrease from the previous quarter. Savills attributes this decline to a decrease in rental demand from the decrease in employment pass and S pass holders, as well as a year-end seasonal slowdown in rental activity.However, there is still some growth in rental demand, and rents in the private residential market have stabilised, says George Tan, managing director of Livethere Residential at Savills. Suburban areas offer more affordable rents, which appeal to tenants seeking lifestyle options such as spacious units, easy access to …

CBRE has been exclusively chosen to market the sale of two prime properties in Hongkong Street. The first is a 27-room hotel, Hotel Clover, at a guide price of $27 million. The second is a commercial building located at 36 Hongkong Street, which has a guide price of $22.6 million.

When investing in a condo, it is crucial to consider the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condos offer varying rental yields depending on their location, condition, and demand in the market. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to have more attractive rental yields. To accurately assess the rental potential of a specific condo, thorough market research is recommended, along with seeking advice from seasoned real estate agents. With the guidance of industry experts, investing in …

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The real estate market in Singapore has been a topic of discussion lately, with several factors potentially influencing it. These include the possibility of new property cooling measures, the influx of new housing supply from government land sale (GLS) sites and Build-To-Order (BTO) launches, as well as the recent Budget 2025 announcements. These were among the top talking points at EdgeProp Singapore’s Property Market Outlook event on Sunday, Feb 16.

The event was moderated by EdgeProp Singapore CEO Bernard Tong and featured a panel of three industry experts: Alan Cheong, executive director of research and consultancy at Savills Singapore; Wong Xian Yang, head of research for Singapore and Southeast Asia at Cushman & Wakefield; and Song Seng Wun, Singapore economic advisor at CGS International. The panel discussion took place at the Elta sales gallery, a new 501-unit project jointly developed by MCL Land and CSC Land Group, which opened …

The Collective, a high-end brand belonging to JustCo, a local flexible workspace operator, has recently launched its first flagship co-working space in Tokyo, as announced on Feb 19.

When it comes to investing in Singapore, it is crucial for foreign investors to have a thorough understanding of the regulations and limitations surrounding property ownership. In general, foreigners are permitted to purchase condos with ease, as opposed to landed properties which have more stringent ownership policies. However, it’s worth noting that foreign buyers are still obligated to pay the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their first property purchase. Despite this added expense, the Singapore real estate market, particularly in Singapore Condo, remains appealing to foreign investors due to its stability and potential for growth.

Covering a spacious 24,000 square feet, the co-working space is situated in the GranTokyo South Tower, a towering 42-storey building …