Month: February 2025

In the week of Feb 7 to Feb 14, Mandarin Gardens emerged as the top-performing condo in terms of resale transactions. One unit in the development, located along Siglap Road in District 15, recorded a profit of $3.83 million for the seller. According to URA records, the 3,800 sq ft, four-bedroom unit was sold for $4.88 million on Feb 11, translating to a unit price of $1,284 psf. This marks a significant increase from its previous transaction in June 2003, when it was sold for $1.05 million ($276 psf).

The sale of this unit also sets a new record for the most profitable transaction at Mandarin Gardens, surpassing the previous record held by a 3,068 sq ft, four-bedroom unit that was sold for $4.1 million in September 2021. The seller of this unit had purchased it for $1.4 million in August 2001, making a profit of $2.7 million (193%).

Since September 2023, resale prices at Mandarin Gardens have remained stagnant, with the average price per square foot peaking at $1,316 psf in June 2024 before falling slightly to $1,310 psf as of Feb 25.

Mandarin Gardens is a 99-year leasehold development consisting of 1,006 units spread across 17 blocks ranging from nine to 23 storeys. It sits on a 1.07 million sq ft site and has a remaining lease of 56 years. The development offers a mix of one- to two-bedroom apartments (732 sq ft to 1,001 sq ft) and three- to four-bedroom units (1,528 sq ft to 3,800 sq ft), as well as 11 strata commercial units.

The second most profitable transaction recorded during this period was at Parvis, a freehold condo located along Holland Hill in prime District 10. On Feb 10, a 2,260 sq ft, three-bedroom unit on the second floor was sold for $4.78 million ($2,115 psf). The unit was previously bought from the developers for $2.78 million ($1,230 psf) in December 2009, resulting in a profit of $2 million (71.9%).

This sale marks the third most profitable transaction at Parvis, with the current record held by a 2,605 sq ft, four-bedroom unit that was sold for $5.4 million in November 2022. The unit was previously bought for $3.21 million in December 2009, generating a profit of $2.19 million (68.2%).

The demand for condos in Singapore remains strong, mainly due to the limited supply of land. As a small and densely populated island nation, land scarcity is a major challenge for Singapore’s development. To address this issue, strict land use policies are implemented, resulting in a highly competitive real estate market and constantly rising property prices. As a result, investing in real estate, specifically condos, has become a highly profitable opportunity, promising significant capital appreciation. With numerous Singapore projects in the works, the demand for condos is expected to remain steady for the foreseeable future.

Parvis is a 12-storey development with 248 residential units, ranging from two-bedroom units (990 sq ft to 1,442 sq ft) to three- and four-bedroom units (1,701 sq ft to 2,605 sq ft). Schools within 2km of the condo include Henry Park Primary School, Nanyang Primary School, New Town Primary School, and Queenstown Primary School.

The most unprofitable transaction during this period was the sale of a two-bedroom unit at freehold condo Scotts Square. On Feb 13, the unit on the 28th floor was sold for $3.08 million ($3,252 psf), resulting in a loss of $745,880 (19.5%) for the seller. The unit was previously sold for about $3.83 million ($4,039 psf) in December 2007.

Developed by Wharf Estates Singapore, Scotts Square has recorded 69 unprofitable transactions since launching in 2007, with 18 (26%) resulting in a seven-figure loss. The most unprofitable transaction was from a 1,249 sq ft, three-bedroom unit that was sold for $3.65 million in February 2017. The sellers had bought the unit at launch in August 2007 for $5.21 million, resulting in a loss of $1.56 million (30%) over 10 years.

Located along Scotts Road in the Orchard shopping belt, Scotts Square features two luxury residential towers with 338 apartments and a four-storey retail podium. Units range from one- to three-bedroom units (603 sq ft to 1,249 sq ft), and amenities include concierge services, a gym, and lap and sky pools.…

In the recent period from February 7 to 16, the private condo market saw a new record for the highest psf-price achieved with the sale of a two-bedroom unit at Hill House. The 999-year leasehold development located at the top of Institution Hill, off River Valley Road, achieved a new peak of $3,398 psf when the 452 sq ft unit on the eighth floor was sold by the developer for $1.54 million on February 16.

This transaction slightly surpassed the previous record of $3,378 psf set on February 11 when another 452 sq ft, two-bedroom unit on the eighth floor was sold for $1.53 million. Hill House, a boutique condo in prime District 9, comprises 72 units and was launched in 2022. The development offers 40 one-bedroom units of 431 sq ft, 24 two-bedroom units ranging from 452 sq ft to 624 sq ft, and eight three-bedroom units spanning 753 sq ft.

According to URA caveats, 37 units (51.4%) at Hill House have been sold at an average price of $3,152 psf since its launch in November 2022. The development is still under construction and is estimated to be completed in the third quarter of 2026.

Investing in a condominium in Singapore is an increasingly popular choice for both local and foreign investors, owing to the country’s robust economy, stable political climate, and exceptional quality of life. The real estate market in Singapore offers a wide range of opportunities, with condos being particularly attractive due to their convenience, amenities, and potential for high returns. In this article, we will explore the benefits, important factors to consider, and necessary steps to take when contemplating a condo investment in Singapore. Given the thriving real estate market in the country, it is certainly worth exploring this investment option. Condos offer a promising opportunity for investors in Singapore.

Since the start of this year, a total of eight units have been sold at Hill House, including the unit sold on February 16. These units were transacted at an average psf-price of $3,190 and include the most expensive unit sold at the development so far, a 753 sq ft, three-bedroom apartment that went for $2.39 million on January 5.

The Tresor, a 62-unit development located on Duchess Road in District 10, came in second on the list of condos with new psf-price highs during the review period. A resale transaction of a 1,421 sq ft unit on the fifth floor set a new high of $2,625 psf when it was sold for $3.73 million on February 10. This surpasses the previous record of $2,501 psf set in March 2024 when a 1,399 sq ft, three-bedroom unit on the second floor sold for $3.5 million.

The latest transaction is also the first resale deal at The Tresor in a year, according to caveats lodged. The most recent resale transaction before this was in March 2024 when a 1,399 sq ft unit sold for $3.5 million ($2,501 psf).

This 999-year leasehold development, completed in 2007, offers a mix of two-, three-, and four-bedroom units ranging from 990 to 2,896 sq ft. It is located just a five-minute walk from Tan Kah Kee MRT Station and within walking distance of Coronation Shopping Plaza and Serene Centre.

Rounding out the top three on the list is Jadescape, where a 1,647 sq ft, four-bedroom unit on the 22nd floor was sold for $4.05 million on February 7, setting a new record of $2,459 psf at the District 20 development. The previous record was $2,446 psf for a 1,259 sq ft unit on the 10th floor that was sold in January. The most expensive unit sold at Jadescape in terms of absolute price is still a 4,230 sq ft, six-bedroom penthouse that fetched $10.2 million ($2,399 psf) in December 2024.

Jadescape, completed in 2022, offers 1,206 units across seven residential towers, with one- to five-bedroom apartments ranging from 527 sq ft to 2,099 sq ft. Located at the junction of Marymount Road and Shunfu Road, the development is within walking distance of Marymount MRT Station and a four-minute walk from Sin Ming Plaza.

Data from EdgeProp Research shows that Jadescape commands one of the highest average transacted prices for condos within a 1km radius, at $2,192 psf for transactions in the last 12 months. In comparison, other condos in the vicinity, such as Tresalveo on Marymount Terrace, 183 Longhaus on Upper Thomson Road, and Thomson V Two on Sin Ming Road, have average transacted prices ranging from $1,712 psf to $1,912 psf across the same period, as they are all freehold developments.

No new psf-price lows were recorded during the period in review.…

Chiu Teng Group’s latest development, CT Pemimpin, is set to be a hit among property investors and business owners looking for a rare gem in land-scarce Singapore. With its track record of delivering quality commercial and industrial spaces in the country, the group’s freehold B1 industrial building at 43 Jalan Pemimpin in the Central Region is poised to impress.

One of the main selling points of CT Pemimpin is its freehold status, an increasingly rare find in the current market where most industrial developments are limited to 30 or 60-year leases. In addition, buyers of commercial and industrial properties are exempted from the Additional Buyer’s Stamp Duty (ABSD), making it an attractive alternative for investors and foreigners eligible to purchase.

Deputy CEO of PropNex Realty, Kelvin Fong, highlights the benefits of owning a freehold development in a centralised location, stating that it will be a good investment asset for both investors and end-users. The development comprises 56 strata-titled units and three canteen units over nine storeys, with floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors on levels one and five.

What also sets CT Pemimpin apart is its generous one-to-one carpark ratio, with 59 carpark lots including two electrical vehicle lots, three lorry lots, two handicapped lots, and 34 bicycle lots. The building has two passenger lifts and a service lift, and each unit is equipped with its own private toilets for the convenience of occupants.

One of the advantages of investing in a condominium is the opportunity to leverage its value for future investments. Numerous investors opt to use their condos as collateral in order to secure additional financing for new ventures, ultimately diversifying their real estate portfolio. While this approach can potentially increase profits, it also comes with inherent risks. Therefore, it is vital for investors to have a solid financial plan in place and carefully assess the potential impact of market fluctuations. When considering condo investment options, it is worth noting the promising Singapore Projects that are available.

The development’s centralised location in District 20 adds to its appeal, with a variety of amenities available in the neighbouring townships of Bishan, Upper Thomson, and Ang Mo Kio. Its strategic positioning also offers excellent accessibility and connectivity to all parts of Singapore via various transport modes. Marymount MRT station (Circle MRT Line), Upper Thomson MRT station (Thomson-East Coast Line), and Bishan MRT station (North-South MRT Line) are all within a five-minute drive, while the Jalan Pemimpin industrial estate is easily accessible from major expressways such as PIE and CTE. Novena is just an eight-minute drive away, and Orchard Road is 15 minutes away. Additionally, the upcoming North-South Corridor expressway with dedicated bus and cycling lanes, set for completion in phases from 2027, will further reduce travel time from the north into the city.

CT Pemimpin also boasts a good mix of retail and dining offerings at popular suburban shopping hubs within minutes’ drive, such as Junction 8, Thomson Plaza, Velocity@Novena Square, AMK Hub, NEX, Woodleigh Mall, and Toa Payoh HDB Hub. The development is also close to prestigious schools like Raffles Institution, Catholic High School, and Eunoia Junior College.

The nine-storey building, which is set to be completed in 2025, has been designed with thoughtful ‘end-of-trip’ facilities such as shower rooms, bicycle racks, and storage lockers. Other green features include a rooftop garden with two pavilions for outdoor gatherings, rooftop solar panels, and EV charging stations in the pipeline. The building also incorporates water-saving fittings, motion-sensor lighting, and double-glazed windows in selected units for more sustainable living.

CEO of Huttons Asia, Mark Yip, highlights the development’s green initiatives as a testament to its commitment to shaping a greener future. With superb specifications tailored to a range of industries, CT Pemimpin is ideal for businesses in e-commerce, media, telecommunications, software development, and more.

Chiu Teng Group has a strong reputation for delivering quality developments in the commercial and industrial sectors, including CT FoodNEX, CT Foodchain, The Creek@Bukit, Tagore8, and CT Hub & Hub 2. The preview for CT Pemimpin will end on March 5, 2025, so don’t miss your chance to secure a rare freehold industrial space. Call 8100 8017 or visit Chiu Teng Group to arrange a viewing today.…

Investing in a condominium in Singapore has become an increasingly popular choice for both local and foreign investors. This is primarily due to the city-state’s strong economy, stable political landscape, and high quality of life. Singapore’s real estate market offers a plethora of opportunities, and condos have captured the attention of investors for their convenience, amenities, and potential for lucrative returns. With the continuous stream of new condo launches, the demand for these properties remains strong. Therefore, it is worth exploring the advantages, factors to consider, and necessary steps for those interested in investing in a condo in Singapore. For more information on new condo launches, please visit New Condo Launches.

Sim Lim Square retail units hit the auction market with a combined guide price of $3.38 million, as ERA holds its next auction on Feb 27.

The larger unit spans 958 sq ft and is priced at $2.08 million ($2,171 psf), while the smaller unit covers 570 sq ft and is priced at $1.28 million ($2,246 psf). This is the first time both units have appeared on ERA’s auction listings as they are being sold by the owner.

According to Alison Lee, assistant vice president of auction and sales at ERA, the units have been priced competitively to attract a quick sale.

Sim Lim Square has earned a reputation as a tech hub, primarily recognised for its wide range of electronics, gadgets and computer parts (Photo: ERA)

The development has a well-established reputation as a tech hub, known for its concentration of electronics, gadgets and computer parts retailers. It is also home to a range of other businesses, including eateries and traditional Chinese medicine shops.

The current owner is selling both units as tenanted properties, with a monthly rental income of $4.50 psf. Based on rental data compiled by EdgeProp Singapore, retail units at Sim Lim Square yield between $4.20 psf and $7.30 psf per month.

Sim Lim Square was put up for collective sale in April 2019, with a reserve price of $1.25 billion. A new collective sale committee is being formed to explore the possibility of a second attempt in the near future.

Completed in 1987, the strata-titled commercial development sits on a 78,152 sq ft site and houses 492 retail and office units across six floors and two basement levels. It is within walking distance of Rochor and Jalan Besar MRT Stations on the Downtown Line, and the Bugis MRT Interchange connects the East-West and Downtown Lines.…

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Retiree Mr Chong supported his three sons when they were setting up their homes. His eldest son purchased a private condo, while his two younger sons chose executive condos (ECs). According to Chong, buying an EC at a new launch is a no-brainer. Even if you buy shortly after the five-year MOP (minimum occupation period), it’s still a good entry price.

Chong has experienced both scenarios. His second son bought a three-bedroom unit at the 531-unit Hundred Palms Residences in July 2017. “He wanted a four-bedroom unit, but those were quickly snapped up,” Chong recalls.

The project by Hoi Hup Realty received 2,000 e-applications and sold out on the first day of launch at an average price of $841 psf. The EC on Yio Chu Kang Road was completed in 2019. Based on caveats lodged in January and February 2025, the average selling price of units was $1,769 psf, resulting in a 110% price gain in eight years.

Explore comprehensive data on all ECs, including average profits at 5 and 10 years.

Based on the selling price of $1.95 million ($1,849 psf) for a 1,055 sq ft, three-bedroom unit that changed hands at Hundred Palms in February, Chong estimates that his second son’s EC unit has appreciated by about $1 million since its launch. These capital gains may have motivated many to upgrade to private housing, Chong notes.

Hundred Palms Residences by Hoi Hup Realty, where all 531 units in the EC project were sold out in a single day at an average price of $841 psf (Photo: Agents)

Three years ago, when Chong’s youngest son decided to set up his own home, Chong sold his 1,260 sq ft, three-bedroom unit at The Interlace, which had been their family home for the past decade.

In 2021, the Chongs bought a 1,399 sq ft, four-bedroom, dual-key resale unit at Twin Fountains, a 418-unit EC in Woodlands. The EC was developed by a joint venture between Frasers Property and Lum Chang, and was launched in 2013 and completed in 2016.

ECs are open only to buyers who are Singapore citizens or permanent residents (PRs) at launch and after the five-year MOP. Foreigners can purchase ECs in the resale market only after the 10th year of obtaining Temporary Occupation Permit (TOP).

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Obtaining financing for a condo investment is a critical consideration, especially in Singapore. With numerous mortgage choices available, it is essential to first acquaint yourself with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan an individual can take based on their income and current debt obligations. By fully understanding the TDSR and seeking expert guidance from financial advisors or mortgage brokers, investors can make well-informed decisions about their financing options and avoid taking on excessive debt when purchasing a condo from The Condo.

The dual-key unit provides Chong with privacy as he occupies the one-bedroom studio while his son and family occupy the three-bedroom apartment. As a dual-key unit, while the main entrance is shared, each apartment has its own separate entrance.

The 418-unit Twin Fountains by a joint venture between Frasers Property and Lum Chang was completed in 2016 (Photo: Lum Chang website)

Even though they paid $1,000 psf for the unit in 2021 – considered a new high at the time – recent resale prices are even higher, Chong points out.

Read also: Sim Lian to preview Aurelle of Tampines on Feb 22 at prices from $1,651 psf

Based on a caveat lodged in February, the latest transaction of a 1,206 sq ft, four-bedroom unit was $1.62 million ($1,344 psf). “Even if you miss the boat like my youngest son, and we bought in at $1,000 psf, resale prices at Twin Fountains are now 30% higher,” adds Chong.

Last October, City Developments launched the 348-unit private condo Norwood Grand at Champions Way in Woodlands. About 84% of the units were sold during its launch weekend at an average price of $2,067 psf, setting a new benchmark for Woodlands.

Chong points to the launch of Norwood Grand’s average selling price, which is 53.8% higher than the latest resale price at Twin Fountains. He believes that the announcement of revitalization and new infrastructure, including the Johor Bahru-Singapore Rapid Transit System (RTS) with the Singapore terminus in Woodlands North, has revived interest in the northern region.

Rising EC prices, narrowing price gap with condos

However, amid the rising EC prices and caps on loan quantum, EC buyers will now have to pay a larger cash outlay, says Eugene Lim, key executive officer of ERA Singapore.

For ECs, the monthly household income ceiling is $16,000. Buyers must meet the Mortgage Servicing Ratio (30% cap) and Total Debt Servicing Ratio (55% cap) requirements if they take out a loan.

Assuming a 30-year-old EC buyer with a household income of $16,000 and a maximum loan tenure of 30 years, based on the stress test of a 4% interest rate for MSR, the maximum loan amount the buyer can take on is around $1 million, estimates ERA’s Lim.

Read also: Executive condo launches in 2025 to set new price benchmarks

Despite the higher upfront costs, buyers are not deterred by the higher prices of ECs, says Lim. This is because there is still a 42% median price gap between similar-sized homes in the EC market compared to 99-year leasehold private condos in the Outside Central Region (OCR), he adds.

For instance, the median price of a 900-1,000 sq ft EC unit is about $1.48 million, while that of a similar-sized unit in a private condo is about $2.1 million. “Hence, in terms of absolute price, buyers, particularly HDB upgraders, still see value in ECs,” Lim states.

In 2024, the average transaction price of new non-landed private condos in the suburbs or OCR crossed the $2,200 psf mark. Meanwhile, new ECs in 2024 were sold at a median price of $1,539 psf based on lodged caveats, says Ismail Gafoor, CEO of PropNex. That reflects a price gap of 44.2%. He expects the median price for new condos this year to surpass $2,200 psf again.

Christine Sun, OrangeTee Group chief researcher and strategist, found that the median price gap between new ECs and new private condos in the OCR has narrowed in recent years. Based on data from URA Realis, the gap has narrowed from 49.4% in 2023 to 44.2% in 2024 and to 43.6% in January 2025.

Sun attributes this narrowing gap to EC prices rising at a faster pace of 9.6% from 2023 to January 2025, compared to a 5.3% increase in non-landed home prices in the OCR over the same period.

Three-bedroom premium showflat at the 760-unit Aurelle of Tampines sales gallery, which is aimed for launch on Mar 8 (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Affordability, deferred payment

Demand for ECs is therefore sustainable due to their affordability and lower price psf compared to 99-year leasehold private condos in the same area, says ERA’s Lim.

Aside from the lower price relative to new private condos, EC buyers do not need to dispose of their existing home before making their purchase, notes Lim. HDB upgraders also do not incur additional buyer’s stamp duty (ABSD) when buying a new EC, he points out.

Moreover, EC buyers may opt for the Deferred Payment Scheme (DPS) at a slightly higher purchase price. Under the DPS, they only need to pay a deposit, and their loan is deferred until after the completion of the EC.

“This way, buyers will not need to service two mortgages while waiting for the new home to be completed,” says Lim. “With no ABSD payable and the availability of the DPS, HDB owners find it easier to upgrade to a new EC.”

He adds: “Although three new EC launches are expected this year, they are strategically spaced out across different locations – Tampines, Pasir Ris and Tengah – and will cater to the housing needs of Singaporeans across the island.”

Check out the latest listings for Hundred Palms Residences properties with Ask Buddy.…

C9 Hotelworks, a leading hospitality consultancy based in Asia, has reported that the market value of branded residential projects in the region has reached a record high of US$26.6 billion ($35.5 billion). This is a significant increase, with over 68,000 luxury units now available.

The scarcity of land in Singapore has greatly contributed to the high demand for condos in the country. As a small island with a growing population, Singapore faces the challenge of limited space for development. Due to this, there are strict land use policies in place and a competitive real estate market, resulting in continually rising property prices. As a result, investing in real estate, especially in condos, has become a lucrative opportunity with the potential for significant capital appreciation. Keeping up with the latest developments, such as the New Condo Launches, is crucial for those looking to invest in the constantly evolving Singapore market.

Vietnam leads the Asia market in the number of branded residential units, with a total of 17,680 units across 59 properties. The average price of a branded residential unit in Vietnam is approximately US$350 per square foot.

Thailand follows closely with 16,271 branded residential units across 65 properties. The majority of these units are priced at US$510 per square foot. The Philippines ranks third with 13,276 units across 46 properties, with luxury properties priced at around US$400 per square foot.

However, branded residences in Singapore command the highest prices in the region, at an average of US$2,140 per square foot. Japan follows with an average price of US$1,935 per square foot.

“There are also new markets where branded residences have grown quickly in recent years,” says Bill Barnett, managing director of C9 Hotelworks. “South Korea, for example, has 3,026 units across 16 properties, with Malaysia boasting 6,014 units across 24 projects.”

In the post-Covid-19 era, urban-locale branded residences make up 56% of the existing supply in Asia. These luxury urban projects dominate the sector in terms of market value. For instance, urban branded residences in South Korea are priced at US$2,670 per square foot, compared to the US$1,040 per square foot for resort projects in that country. In Thailand, urban branded residences typically fetch around US$770 per square foot, while resorts are priced at US$430 per square foot.

The branded residential market in Asia currently includes approximately 12,330 units across 80 developments affiliated with luxury hotel brands. This segment accounts for 31% of the market supply.

“The data shows that a reputable brand can help an affiliated property command premium pricing of 30%-35% on top of the market rate in the country,” says Barnett. “It also helps the developer increase its market share in the country.”

The appeal of top hospitality brands and luxury lifestyle brands has also led to higher licensing fees. “It is becoming increasingly common for luxury hotel brands and lifestyle brands to ask for a 6% to 10% cut in the sale of each branded residential unit,” adds Barnett.

Last August, Thai developer Ananda Development and German automaker Porsche, via its lifestyle brand Porsche Design, unveiled the ultra-luxury Porsche Design Tower Bangkok in Thonglor. The 22-unit tower, set to be completed in 2028, is Asia’s first Porsche residential tower, following the successful Porsche Design Tower Miami a decade ago. It offers duplexes and quadplexes, with prices ranging from US$15 million to US$40 million.

Gianfranco Bianchi, general manager of Asia Pacific at The One Atelier, an international design consultancy specialising in branded residences for lifestyle brands, notes that in recent years, more luxury lifestyle brands have explored partnerships to license their branding into real estate developments across the Asia Pacific region.

One Atelier has partnered with several high-profile brands to create branded residences, including the 28-unit Fendi Casa Residences by Armani in Miami, the 259-unit 888 Brickell by Dolce & Gabbana in Miami, the 90-unit Büyükyalı Residences in Istanbul, Turkey, and the Karl Lagerfeld Villas, a collection of five ultra-luxury villas in Marbella, Spain.

While hospitality-affiliated branded residences provide top-notch hospitality services, fashion or design-branded residences offer a rare trophy home that conveys the namesake design and luxury aesthetic that have made such brand names synonymous with luxury lifestyles today, says Bianchi.

Ananth Ramchandran, head of advisory and strategic transactions in hotels and hospitality (Asia) at CBRE, says property cooling measures have led many high-net-worth Singapore-based buyers of branded residences to consider trophy assets in nearby regional markets.

“We’ve experienced a significant reduction in terms of the discussion and inquiries from Singapore developers to explore high-end ultra-luxury branded residential projects in Singapore,” he adds. “Developers are severely discouraged from stepping into this high-end segment because property cooling measures have dampened foreign buyer demand.”

Singapore-based high-net-worth buyers are also increasingly eyeing luxury-branded residences in destinations such as Phuket and Bangkok in Thailand, Bali in Indonesia, and emerging markets in Vietnam. These locations are typically just a two-hour flight from Singapore.

“The relatively short travel time and availability of regularly scheduled direct flights make it much more appealing to Singapore-based buyers,” he says, noting that last month, flight carriers like SIA, Scoot, AirAsia and Jetstar completed approximately 150 flights per week between Singapore and Phuket.

Jason Thelen, senior director of sales and marketing at Sudara Residences, a Thai-based developer, adds: “Singapore has quickly become our top regional market for buyers looking for second homes, making up over 45% of regional purchases.”

Hospitality operators such as The Ascott are also tapping into the future growth of the branded residential segment in Asia. “We believe the emotional resonance of our brands like Ascott, The Crest Collection and Oakwood Premier have reputational strengths in the market,” says Saowarin Chanprakaisi, vice-president of business development at The Ascott.

“Branded residential operators must develop and maintain trust in the brand that it can deliver the level of service that will eventually translate into the long-term value proposition of the asset,” she adds, noting that Ascott is looking to expand its market share in the region by partnering with developers who wish to enter the branded residential market.…

When it comes to real estate investing, location is a critical factor to consider, and this rings particularly true in the context of Singapore. Condominiums located in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs have been shown to appreciate more in value. Singapore’s prime locations, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently demonstrated growth in property values. The appeal of these areas is also heightened by their proximity to reputable schools and educational institutions, making condos in these locations highly coveted by families and further elevating their investment potential. For more information on promising real estate projects in Singapore, check out Singapore Projects.

Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have recently signed a groundbreaking MOU for the first Johor-Singapore Special Economic Zone (JS-SEZ) between private companies of both nations. The historical event took place on February 27th, as revealed in a press release.

The MOU aims to develop selected freehold land owned by UEM Sunrise in Iskandar Puteri, Johor, to further enhance growth within the JS-SEZ. The signing ceremony was held in conjunction with the grand opening of the UEM Sunrise Gallery Iskandar Puteri, which showcases the company’s vision for the development of Iskandar Puteri.

Iskandar Puteri, which is known as Flagship Zone B of the JS-SEZ, is home to a variety of industries including manufacturing, business services, education, health, and tourism. With this collaboration, UEM Sunrise and GuocoLand are looking to tap into the potential of Iskandar Puteri and attract more investments. The MOU will cover UEM Sunrise’s land in Gerband Nusajaya and Puteri Harbour, two key master-planned areas within Iskandar Puteri.

The joint efforts of the two companies are aimed at driving sustainable economic growth in Johor by improving connectivity, fostering talent development, and creating a business-friendly environment. According to Hafizuddin Sulaiman, CFO of UEM Sunrise, this partnership is not just about development, but also about creating a thriving economic hub that will provide long-term benefits for Johor.

The selected sites are strategically located near Singapore, Senai Airport, and the Port of Tanjung Pelepas, making them prime locations for long-term economic growth. The collaboration also aims to establish Iskandar Puteri as a dynamic and attractive business and investment hub.

In the words of Datuk Hisham Hamdan, chairman of UEM Sunrise, the JS-SEZ, developments in Iskandar Puteri, and strategic partnerships are all part of a bigger vision to position Johor as a progressive and forward-thinking economy. The CEO of GuocoLand, Cheng Hsing Yao, adds that the company will bring its wealth of experience in real estate development and asset management to the table, along with an understanding of the needs of companies from Singapore, Malaysia, and China looking to invest in the JS-SEZ. This, combined with the expertise of UEM Sunrise, will pave the way for innovative developments in Iskandar Puteri and the wider JS-SEZ.

Prior to this collaboration, UEM Sunrise has played a crucial role in the urban development of Iskandar Puteri. The company’s existing developments in the area include residential townships such as the Aspira series and Senadi Hill. It has also developed commercial and retail hubs, and is currently working on a 380-acre industrial park in Gerband Nusajaya.

The growth of Iskandar Puteri is expected to be further boosted by the incentives and support schemes introduced by the governments of Malaysia and Singapore. These measures aim to attract more investments to the JS-SEZ and include special tax rates, stamp duty exemptions, and capital allowances.…

UEM Sunrise and GuocoLand, two leading property developers from Malaysia and Singapore, have recently signed the first Johor-Singapore Special Economic Zone (JS-SEZ) MOU. This marks an important milestone in the economic cooperation between Malaysia and Singapore private companies.

The MOU will see the two groups collaborating to develop UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor, which is part of Flagship Zone B of the JS-SEZ. This area focuses on various sectors such as manufacturing, business services, education, health and tourism.

According to UEM Sunrise CFO Hafizuddin Sulaiman, the partnership is not just about development, but also about creating a thriving economic hub that fuels long-term growth, creates jobs and strengthens the JS-SEZ ecosystem. The aim is to improve connectivity, foster talent development and create a business-friendly environment to attract investments.

The selected plots of land in Gerband Nusajaya and Puteri Harbour will be the focus of this collaboration, as they are strategically located near Singapore, Senai Airport and the Port of Tanjung Pelepas. This will drive long-term economic growth and position Iskandar Puteri as a robust business and investment hub.

Datuk Hisham Hamdan, chairman of UEM Sunrise, says that the JS-SEZ, developments in Iskandar Puteri, and strategic partnerships are part of a larger vision to position Johor as a dynamic and forward-thinking economy.

GuocoLand CEO Cheng Hsing Yao adds that the Singapore-listed property group will bring along its experience in real estate development and asset management, as well as an understanding of the needs of companies from Singapore, Malaysia and China that wish to establish a presence in the JS-SEZ. Together, they will shape Iskandar Puteri and the wider JS-SEZ through innovative developments.

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Prior to this collaboration, UEM Sunrise has played a key role in Iskandar Puteri’s urban development, with residential townships such as the Aspira series and Senadi Hill, as well as commercial and retail hubs, including an upcoming 380-acre industrial park in Gerband Nusajaya.

The growth in Iskandar Puteri will be further fueled by incentives and support schemes introduced by the governments of Malaysia and Singapore. These include special tax rates, stamp duty exemptions and capital allowances, which aim to attract investments for the JS-SEZ. With the support of both governments, the partnership between UEM Sunrise and GuocoLand is set to drive the economic growth of Iskandar Puteri and position it as a thriving business and investment hub.…

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Frasers Property has recently formed a partnership with two Chinese real estate groups to jointly acquire a residential site in Shanghai’s Songjiang District. The joint venture (JV) partners successfully secured the site for RMB815.2 million ($151.9 million) through a tender process led by the Shanghai Municipal Bureau of Planning and Natural Resources.

The other JV partners, Xiamen ITG Real Estate Group and Shanghai-listed Gemdale Corporation, are both major players in China’s real estate industry. Xiamen ITG is a wholly-owned subsidiary of ITG Holding Group, a state-owned enterprise under the Xiamen Municipal Government, while Gemdale Corporation is a leading national real estate developer listed on the Shanghai Stock Exchange.

According to a press release on February 26, Frasers Property has announced that the JV partners plan to develop the site into a mixed-use development consisting of 189 low-rise apartments, townhouses, and duplex units. The project will have a total gross floor area of 334,714 square feet.

In addition to this, the development will incorporate flood mitigation measures and ultra-low energy building designs, including efficient thermal insulation, energy-saving door and window systems, reduced thermal bridging, and solar photovoltaics. These features aim to provide a sustainable and environmentally friendly living space for residents.

The project aims to target both upgraders and first-time homebuyers in the Fangsong Community of Songjiang District in Shanghai. This prime residential neighborhood is also close to two existing projects, Club Tree and Palace of Yunjian, which are also joint ventures between Frasers Property and Gemdale Corporation.

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Lim Hua Tiong, CEO of emerging markets in Asia at Frasers Property, believes that this joint venture not only strengthens the company’s presence in Shanghai but also demonstrates their commitment to delivering high-quality residential developments that cater to the changing needs of the Chinese community.…