Month: February 2025

Huttons Asia reports a subdued shophouse market in 2024, with only 84 caveated transactions. This number falls below the yearly average of 200 deals recorded between 1995 and 2023.

Lee Sze Teck, senior director of data analytics at Huttons Asia, notes that while many buyers did not lodge a caveat, the number of shophouse deals in 2024 is likely the lowest since 1998.

The 84 transactions in 2024 have a total value of $683.6 million, a 38.9% decrease from the $1.1 billion registered in 2023.

However, Lee points out that there were a significant number of un-caveated transactions last year, including some “substantial” deals in prime locations, estimated to be sold for over $200 million.

In conclusion, purchasing a condo in Singapore can provide several benefits that make it a desirable investment option. These include strong demand, potential for capital appreciation, and attractive rental yields. However, it is crucial to …

The real estate market in Singapore could experience varying outcomes in the next 12 months due to the uncertain macroeconomic outlook, according to CBRE’s Singapore Market Outlook 2025 report released on January 23.

The easing of inflation and interest rates may provide some relief to the property market in 2025. However, Moray Armstrong, managing director of advisory services at CBRE, expresses concern that expectations of slower economic growth in 2025 could have a negative impact on property demand.

As international investors look to purchase property in Singapore, they must be aware of the regulations and limitations surrounding ownership. While the purchase of condos is generally easier for foreigners, landed properties have more stringent ownership requirements. Additionally, foreign buyers must pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property purchase. However, despite this extra expense, the steady and promising growth of the Singapore real estate market remains …

The article is about the most profitable and unprofitable resale transactions of condominiums in Singapore from Jan 14 to 28. A three-bedroom unit at Palm Spring was sold for $4.4 million, making it the most profitable resale transaction at the development. Meanwhile, a four-bedroom unit at Orchard Bel Air also fetched a high profit of $3 million when it was sold. On the other hand, the seller of a unit at Marina Bay Suites suffered a loss of $1.15 million, making it the most unprofitable transaction during the period. Data also shows that prices have consistently increased at Palm Spring in the past 20 years, while Marina Bay Suites has seen a decline in selling prices in recent transactions.

Investors should prioritize the maintenance and management of a condo when making their investment decision. This is because condos typically come with maintenance fees that cover the upkeep of common areas …

Dear customer,Please find the rewritten article below:A three-bedroom unit at Watertown, the residential component of the Waterway Point integrated development in Punggol, is scheduled to be auctioned by SRI on February 26. This unit is being sold by the mortgagee and has a guide price of $2.4 million, which translates to about $1,874 per square foot.

The same unit had previously been put up for auction in January with the same guide price, but only received one bid and was withdrawn as the bid fell below the reserve price. The 1,281 square foot unit is located on the 13th floor and includes a combined living and dining area, an open-concept kitchen, a utility room and toilet, and a south-facing balcony with views of one of the condo’s 20 swimming pools. There is also an ensuite master bedroom, two additional bedrooms, and a common bathroom.

According to URA caveats, the owners …

The government has announced that it will be extending the Central Business District Incentive (CBDI) and Strategic Development Incentive (SDI) schemes for another five years. These schemes were initially introduced in November 2019 and the latest decision was revealed by Desmond Lee, the Minister of National Development (MND) at the Real Estate Developers’ Association of Singapore (Redas) annual Spring Festival lunch on Feb 7.

The CBDI scheme was implemented to promote the conversion of old office buildings in certain areas of the Central Business District (CBD) into mixed-use developments. These areas include Tanjong Pagar, Robinson Road, and Shenton Way. The purpose of this scheme is to increase the number of homes, improve the residential population in the CBD, and introduce a more diverse mix of uses in the traditionally commercial-centered district.

On the other hand, the SDI was introduced to encourage the redevelopment of older buildings in strategic areas in …

It is crucial for international investors to have a clear understanding of the laws and limitations surrounding property ownership in Singapore. In comparison to landed properties, foreigners are typically granted more leniency when purchasing condos. However, there are still regulations in place, such as the Additional Buyer’s Stamp Duty (ABSD) which currently stands at 20% for first-time property buyers. Despite this extra expense, the reliability and potential for growth in the Singapore real estate market remains alluring to foreign investors. For more opportunities in the market, New Condo Launches are also available to consider.

On Feb 6, luxury residential developers Perennial Holdings and Far East Organization announced their joint plans for Aurea, a new luxury apartment tower as part of the Golden Mile Singapore mixed-use development along Beach Road.

Designed by DP Architects, the 45-storey tower will offer 188 units on a site area of 144,908 sq ft. The development …

When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. Rental yield refers to the yearly rental income as a percentage of the property’s purchasing price. In Singapore, the rental yields for condos can greatly vary depending on factors such as location, property condition, and market demand. Regions with high demand for rentals, such as those situated near business hubs or educational institutions, tend to offer more favorable rental yields. To gain a better understanding of the rental potential of a specific condo, it is essential to conduct thorough market research and seek guidance from real estate agents. Additionally, for more information on condo projects in Singapore, one can visit Singapore Projects.

Perennial Holdings and Far East Organization have announced their plans for Aurea, a luxurious apartment tower located within the Golden Mile Singapore mixed-use development on Beach Road. Designed by DP …

MCL Land and CSC Land Group are teaming up to launch Elta, a new condo development in Clementi, offering 501 residential units. The property will be available for preview starting from Feb 7 and public sales will commence on Feb 22.

Located on a 99-year leasehold land plot spanning approximately 144,788 square feet, the development sits along Clementi Avenue 1 and consists of two 39-storey residential towers.

In order for international investors to make sound investments in Singapore, it is crucial to have a comprehensive understanding of the regulations and restrictions surrounding property ownership. Generally, it is easier for foreigners to acquire condominiums as opposed to landed properties, which have more stringent ownership guidelines. However, foreign buyers are still subject to the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their initial property purchase. Despite this added expense, the stability and potential for growth in the Singapore real …

A state-of-the-art warehouse and factory located at Gul Circle has been put up for sale through an expression of interest, with Knight Frank Singapore as the exclusive marketing agent. The guide price for this high-specification property is set at $42 million.

Situated on a 105,648 sq ft plot of land, the property offers a JTC leasehold five-storey single-user factory and warehouse, complete with a mezzanine consisting of four floors. With a total of 245,955 sq ft of gross floor area, the property is designed to meet the needs of modern industrial businesses.

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As of Feb 1, the site has a remaining lease of 15 years and 11 months. It is zoned as a Business 2 site under the URA Master Plan 2019, making it suitable for various industrial operations.

The warehouse cum factory is equipped with high ceilings, suitable for storage and operations, and comes with cold rooms and …

Wed, Mar 18, 2020

Singapore is expected to see a slowdown in industrial property prices and rents this year, according to a recent report by Colliers. The firm’s research, released in February, predicts that overall annual rental and price growth for industrial properties will moderate to between 0% and 2% in 2025, compared to the 3.5% growth seen in both areas last year.

The scarcity of land in Singapore is a major factor contributing to the soaring demand for condos in the country. As a small island nation experiencing a rapid increase in population, Singapore is faced with limited space for development. As a result, strict land utilization regulations have been put in place, creating a highly competitive real estate market where property prices continue to rise. As a result, investing in real estate, specifically condos, has become a highly profitable opportunity with the potential for significant capital appreciation. Condos…