Category: Uncategorized

During the week of Sept 3 to 10, the most profitable resale transaction at a condo in Singapore was a three-bedroom unit at Botanic Gardens View. The 1,755 square feet unit on the sixth floor was sold for $4.13 million, or $2,353 per square foot, on Sept 9. The seller had purchased the unit for $862,000, or $491 per square foot, in July 1998, making a profit of $3.27 million, or a whopping 379%, after owning the unit for approximately 26 years. This sale represents the most lucrative resale deal ever recorded at Botanic Gardens View, surpassing the previous record of $3.14 million from the sale of a 1,615-square-foot unit for $4.07 million, or $2,521 per square foot, in August 2019. That particular unit was acquired in September 2001 for approximately $930,000, or $576 per square foot.

This freehold condo at Taman Serasi, off Cluny Road in prime District 10, …

.

Investing in a condo has several advantages, one of which is the potential to leverage the value of the property for other investments. In fact, many investors opt to use their condos as collateral to secure additional financing for new ventures, allowing them to grow their real estate portfolio. However, it’s important to remember that this strategy can come with risks, and it’s essential to have a solid financial plan in place. Furthermore, it’s wise to consider the potential impact of market fluctuations on your investments. With the numerous Singapore Projects available, condo investment can be a lucrative opportunity for investors to expand their portfolio and maximize returns.

Public housing to remain “strong pillar” of housing landscape: Wongwith good connectivity and amenities, this four-room HDB flat at 590B Ang Mo Kio Street 51 was recently transacted for a record-breaking price of $1.08 million ($1,079 psf). Completed in 2019, the …

Sultan Plaza, a commercial strata retail space located at 100 Jalan Sultan off Beach Road, has recently been put up for sale through Expression of Interest with a guide price of $39 million. This translates to $1,260 per square foot for a total strata area of 30,946 square feet. With a net leasable area of around 17,000 square feet, excluding the void space of 14,000 square feet, the 99-year leasehold asset comprises 211 commercial units and 33 offices, making a total of 244 strata lots spread across nine storeys. The property, which started its lease in May 1978, has a remaining lease term of approximately 46 years.

The development is exclusively zoned for commercial use and boasts of large single-floor plates with a rare public entertainment license, setting it apart from other commercial buildings. This uniqueness presents investors with a valuable opportunity as established tenants can easily lease the large …

There is a resurgence occurring in the esteemed residential area of Gilstead Road, Gentle Road, and Buckley Road, situated just off Newton Road in the prime District 11. According to Brenda Zee, senior executive group division director at ERA Realty Network, the neighborhood used to consist mainly of bungalows and was home to many of Singapore’s elite. However, over the years, a number of these bungalows have been sold to buyers seeking to capitalize on the opportunity to redevelop them into semi-detached homes, strata-titled landed housing projects, or low-rise condominiums. Some noteworthy examples include Buckley Classique, Gilstead Two, and Villas @ Gilstead.

The most significant transaction in the area was the sale of two adjacent freehold bungalows at 32 and 34 Gilstead Road, which had a combined site area of 43,458 sq ft and were fetching $70 million ($1,611 psf). This deal took place in December 2021, with Kheng Leong …

Singapore’s urban scenery is characterized by towering skyscrapers and advanced infrastructure. Condominiums, strategically situated in sought-after locations, offer the perfect combination of opulence and practicality, making them desirable to both locals and foreigners. These residential complexes are equipped with various facilities including swimming pools, fitness centers, and security services, elevating the standard of living and making them all the more appealing to potential renters and purchasers. For investors, these added amenities equate to higher rental returns and appreciation in property value in the long run. With the addition of Singapore Condo, this city’s urban landscape truly shines with its impressive and modern structures.

EdgeProp Singapore recently reported that the sixth floor of Tong Building located on Orchard Road was sold for a record-breaking $31.33 million, equivalent to $4,562 per square foot, based on a Sept 3 caveat. This deal was facilitated by Yap Hui Yee, the executive director of …

Rezt+Relax Interior Design and PAL Design Group Partner to Elevate High-End Residential Design in Singapore

Rezt+Relax Interior Design is excited to announce a new partnership with PAL Design Group, a renowned interior consultancy firm based in Hong Kong. Through this collaboration, the two firms will bring innovative, sophisticated, and luxurious design solutions to high-end residential projects in Singapore, pushing the boundaries of modern living.

With over 50 international design awards, PAL Design Group has established a strong reputation for its work on large-scale interior design projects. Their approach to design focuses on creating timeless and serene spaces, with a keen eye for subtlety and refinement. The firm has a global presence, with projects spanning across Asia, Europe, and the Middle East.

One of the most significant considerations when investing in real estate is location, and this holds particularly true in Singapore. For instance, condos situated in central areas or near …

Two adjoining conservation shophouses on Telok Ayer Street up for sale through EOI

The opportunity to own two conservation shophouses on Telok Ayer Street has presented itself through an expression of interest (EOI) exercise, with an indicative price of $42 million. These shophouses, located at 132 and 134 Telok Ayer Street, boast a 999-year leasehold tenure and occupy a land area of approximately 2,841 sq ft. Zoned for commercial use, these shophouses have a total floor space of 8,000 sq ft, which translates to an indicative price of $5,250 psf on the floor area.

Rewritten:
Investing in a condo offers a multitude of advantages, including the potential to leverage the property’s value for future investments. In fact, numerous investors utilize their condos as collateral to secure additional financing for new investments, thereby diversifying their real estate portfolio. This approach has the potential to boost returns, but it is necessary to …

Singaporean Mathilda Koh, who is the CEO and founder of homegrown beauty salon Bioskin, has made headlines as she recently purchased a bungalow in Sentosa Cove. Located at Cove Drive, the waterfront residence was bought for $14.155 million, at a rate of $1,777 per square foot. This purchase was based on a caveat lodged on September 2.

Built in 2011, the bungalow is situated on a 99-year leasehold site with an area of 7,968 square feet and features a swimming pool. It boasts an unobstructed view of the award-winning Sentosa Golf Club’s Tanjong Golf Course and the CBD skyline. The previous owner acquired the property for $12.5 million ($1,569 psf) in April 2012.

Notably, in July 2023, another bungalow along Cove Drive was sold for over $20 million, which amounted to close to $2,600 psf. However, there was no caveat lodged for this transaction.

Koh’s recent acquisition at $1,777 psf …

In August, developers experienced a significant drop in sales as they sold only 208 new homes, not including executive condos (ECs). This number reflected a 63.6% decrease from the 571 units sold in July, according to data released by URA on September 16. A year-on-year comparison also showed a decline of 47.2% from the 394 units sold in August 2023.

The decline in sales can be attributed to the absence of new launches for sale in August, which coincided with the lunar seventh month. Only 272 units were launched for sale, a 55.8% decrease from the previous month and a 53.9% decrease from the same period last year.

Additionally, when including ECs, the overall new home sales dropped by 59.5% from 608 units in July to 244 units in August.

Despite the overall decline in sales, Tembusu Grand emerged as the top-selling project in August, selling 30 units at a …

Developer consortium wins top bid of $383 mil for Jalan Tembusu GLS site: URA

Opting to invest in a Condo in Singapore presents numerous advantages, but perhaps the most notable is the potential for appreciation in value. This is due to the country’s strategic position as a global business hub and its robust economic foundation, which consistently attract a high demand for real estate. As a result, property prices in Singapore have steadily increased, particularly in prime locations where Condos are situated. By carefully timing the market and holding onto their properties for an extended period, investors can expect significant gains in the thriving Singaporean Condo market. With Condos being highly sought after, now is the perfect time to consider investing in one.

The Urban Redevelopment Authority (URA) announced on September 13 that the 6.5 ha master developer site at Jurong Lake District (JLD) did not receive any bids and …