March 8 saw the successful sale of 682 units (90%) of Aurelle of Tampines, the 760-unit executive condominium (EC) developed by Sim Lian Group. The average unit price achieved was $1,766 psf.

Sim Lian Group reported that all four- and five-bedroom units have been sold, along with 84% of the three-bedroom units.

According to Kuik Sing Beng, the executive director of Sim Lian Group Limited, this overwhelming response highlights the strong demand for well-designed and conveniently located modern homes like Aurelle of Tampines, situated in the highly connected regional center of Singapore.

For the latest information on available units and prices at Aurelle of Tampines, interested buyers can visit the project’s official website.

CEO of PropNex, Ismail Gafoor, stated that the average unit price of $1,766 psf has established a new benchmark launch price in the EC market. He also added that the 90% launch take-up rate is the highest …

During the week of February 16 to 21, a three-bedroom unit at One Holland Village Residences set a new record psf-price high for private condos. The 1,238 sq ft unit on the 25th floor sold for $4.68 million, or $3,781 psf, on February 17. This marks the first sale at the 99-year leasehold development this year.

The decision to invest in a condo in Singapore has gained widespread appeal among both domestic and international investors. This is largely due to the city-state’s strong economy, stable political climate, and exceptional living standards. Singapore’s real estate market presents a multitude of opportunities, and condos are particularly attractive for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages of investing in a Singapore condo at https://www.mentorshiponline.com/, as well as important factors to consider and steps to take when making such an investment.

The sellers of …

The sought after three-storey terrace factory located at Midview City, in the heart of Sin Ming Industrial Estate, is now available for sale. The property, which has a guide price of $6.2 million or $688 per square foot, will be marketed exclusively by Colliers International.

Rewritten: The advantages of investing in a condo go beyond just owning a property. Another perk is the opportunity to leverage its value to make further investments. In fact, numerous investors utilize their condos as collateral to secure financing for new investments, leading to growth in their real estate portfolio. While this approach can potentially increase returns, it’s important to have a solid financial strategy and take into account the potential risks associated with market fluctuations. With the guidance of a reputable condo advisor, individuals can navigate this strategy successfully.

This impressive property boasts a basement, roof terrace and a total strata area of approximately …

Investors in Asia Pacific real estate markets are showing a strong preference for markets with high levels of liquidity, according to BlackRock’s head of APAC Real Estate, Hamish MacDonald.

Sectors such as accommodations, logistics, and alternative assets are expected to benefit from economic tailwinds this year. MacDonald states that the markets with high liquidity in this region include Australia, Japan, Singapore, and Auckland, New Zealand, and that this list of countries and property markets is also the order of focus for BlackRock this year.

He predicts that investor sentiment will be more bullish in 2022 and 2023, with institutional investors initiating more discussions about deploying and recycling capital in selective Asia Pacific real estate markets this year.

In Singapore, BlackRock has been focused on acquiring serviced apartment properties, partnering with YTL Corp to purchase Citadines Raffles Place for about $290 million last October, and with Hong Kong-based accommodation operator Weave …

Singapore has emerged as a top destination for real estate investment, attracting both local and foreign investors. The country’s strong economy, stable political climate, and high quality of life make it an ideal location for buying a condo. In fact, condos are among the most sought-after properties in Singapore due to their convenience, amenities, and potential for high returns. If you are considering investing in a condo in Singapore, there are a few important factors to keep in mind. This article will dive into the advantages of investing in a Singapore condo and provide insights on the considerations and steps involved in the process. Singapore Condo offers a lucrative opportunity for potential investors in the country’s thriving real estate market.

The average unit sizes in show flats have been shrinking in recent times, giving the impression that homes are getting smaller. This is due to the fact that our perception …

Ministry of National Development (MND) announced updates to the Silver Housing Bonus (SHB) and the Fresh Start Housing Scheme (Fresh Start) during this year’s Committee of Supply debate. These changes aim to further support senior citizens in their retirement and provide better access to public housing for lower-income households living in HDB rental flats.

The SHB is designed to encourage senior citizens to plan for their retirement by unlocking the value of their residential assets and placing it into their CPF Retirement Account (RA). Currently, seniors must be at least 55 years old, have a monthly income of no more than $14,000, own a property with an Annual Value (AV) of $21,000 or less, and downsize to a three-room (excluding three-room terrace) or smaller HDB flat to be eligible for the SHB.

At present, applicants can choose to top-up their CPF RA with up to $60,000 to receive a cash …

The MND has recently announced revisions to the Additional Buyer’s Stamp Duty (ABSD) regime for licensed housing developers, which will come into effect on March 6. Along with these revisions, the ABSD remission timeline for developers undertaking complex projects has been extended from six to twelve months in order to encourage more developers to undertake urban transformation developments, optimize land usage through intensification or integration, rejuvenate older estates, or adopt new construction technologies.

The extended timeline will apply to projects that fall under certain categories, such as en bloc redevelopments that will result in at least 700 residential units upon completion, and have at least 1.5 times the number of homes of the existing development. This also includes projects with complex technical or instructional requirements, like those integrated with major public transport facilities.

Furthermore, projects under the Strategic Development Incentive (SDI) scheme and those aiming to achieve higher productivity targets …

Two new MRT lines to be completed by 2040s, $1 billion invested in rail maintenance

Two proposed new MRT lines are currently under consideration by Singapore’s Land Transport Authority. These lines are expected to be completed in the 2040s and could potentially serve more than 400,000 households.

The first proposed line, the Seletar Line, aims to serve areas such as Woodlands, Sembawang, Sengkang West, Serangoon North, Whampoa, Kallang, and the Greater Southern Waterfront. The second line, tentatively named the Tengah Line, is expected to supplement the existing transport network in the west and northwest regions, serving areas like Tengah, Bukit Batok, Queensway, and Bukit Merah.

Transport Minister Chee Hong Tat announced in a parliamentary speech on March 5 that the Seletar Line and Tengah Line may be connected, pending the results of LTA’s feasibility studies.

Chee also revealed LTA’s plans to move forward with the West Coast Extension (WCE), which …

Elias Green in Pasir Ris to be launched for collective sale by ERA Realty Network

Elias Green, a 99-year leasehold condominium located in Pasir Ris, is set to hit the market for collective sale via public tender on March 6. ERA Realty Network, the appointed marketing agent, announced that the property has a guide price of $928 million.

Developed in 1994, the condo sits on a 516,871 sq ft land parcel that is zoned for residential use with a gross plot ratio of 1.4. The development comprises several blocks and offers a total of 419 units, ranging from 1,367 to 1,636 sq ft in size. With a tenure of 99 years from 1991, the property has a remaining lease of 65 years.

According to ERA, the guide price of $928 million works out to be a land rate of $1,355 psf per plot ratio (ppr). This includes an estimate of …