Author: mentorshiponline

The Real Estate Developers’ Association of Singapore (Redas) has recently selected its new management committee for the upcoming two years. In the organization’s Annual General Meeting on Jan 9, the members have unanimously re-elected the current President Tan Swee Yiow, who is also the Chairman of Keppel Reit Management. This will mark Tan’s second consecutive term as President.

Singapore’s condo investment scene is greatly affected by the government’s property cooling measures. To maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. One of the key measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have an impact on the short-term profitability of Singapore condo investments, they also contribute to the overall stability of the market, creating a safer investment environment for both local and …

The most profitable resale transaction in the last few weeks of December took place at The Arcadia, with a 3,767 sq ft unit selling for a whopping $3.25 million profit. The owner of the four-bedroom unit on the seventh floor sold the property on Dec 10 for $4.75 million, earning an incredible 217% profit. Records show that the unit was purchased for $1.5 million in 1998, meaning the seller made an annualised profit of 4.5% over 26 years.

Last year, five units at The Arcadia were resold for profits ranging from $60,000 to $3.25 million, with the largest profit recorded at $3.25 million for a 3,778 sq ft unit on the fourth floor. This unit sold for $4.6 million on Oct 10, 2024, providing the seller with a profit of $60,000.

The record for the most profit generated at The Arcadia goes to a 7,503 sq ft penthouse on the …

A recently completed Good Class Bungalow (GCB) located at Victoria Park has been put up for sale with an impressive price tag of $61 million. This seven-bedroom bungalow was built just three years ago and is situated at the end of Victoria Close, a cul-de-sac that only comprises of 10 houses.

According to Jervis Ng, the associate group district director at PropNex Realty and the agent handling the sale of this GCB, the number of houses in the exclusive enclave can only be increased by dividing a larger plot of more than 30,000 sq ft, in line with planning guidelines. Ng, who is also the founder of JNA Real Estate, a property team under PropNex, believes that this will help maintain the exclusivity and privacy enjoyed by GCBs along Victoria Park Close, making it a priority for many ultra-high-net-worth individuals and their families who are willing to pay a premium …

Local real estate advisory firm Edmund Tie & Company has recently announced a change in its name, now simply known as ETC. The rebranding exercise also includes a revamped logo.

A significant benefit of purchasing a condominium in Singapore lies in its potential for capital growth. Thanks to its prime location as a leading global business center and robust economic fundamentals, the demand for real estate in Singapore remains consistently high. As a result, property prices in the country have demonstrated a steady, upward trajectory, with condos in desirable areas experiencing significant appreciation. By investing at the opportune time and holding onto their properties for an extended period, investors can reap considerable capital gains from the flourishing market. Aspiring buyers can explore the attractive benefits of condo ownership through the resources offered by Condo.

According to ETC CEO Desmond Sim, the decision to officially adopt ETC as the company’s …

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 …