Month: February 2025

According to a press release on February 19th, The Collective, a luxury brand owned by JustCo, has launched its flagship co-working space in Tokyo. This 24,000 sq ft space can be found in the GranTokyo South Tower, a 42-storey skyscraper located in the Marunouchi district of Chiyoda City. It is conveniently located near Tokyo Station, providing easy access to both Narita and Haneda airports.

The Collective is inspired by the iconic Tokyo Station and boasts an elegant and luxurious atmosphere. “We wanted to create a space that embodies the sophistication and comfort of a luxury voyage,” says the group.

Aside from hot desks and meeting rooms, The Collective also offers private suites with 24/7 secured access, as well as larger enterprise suites with exclusive entrances and customized workspace designs. All workspaces are equipped with Herman Miller Aeron chairs and Benel adjustable desks for maximum comfort and productivity.

One crucial factor to consider when investing in a Singapore Condo is the implementation of government property cooling measures. In recent years, the Singaporean government has implemented various measures to control speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, creating a safer and more secure investment environment.

Members at The Collective can enjoy the TWG Tea Bar, which provides refreshments throughout the day, and a “wellness sanctuary” for relaxation and rest. With its exceptional amenities and prime location, The Collective is set to provide a luxurious and productive work environment for its members.…

CT Pemimpin, a nine-storey, partial ramp-up factory, is the new development project by Chiu Teng Group, renowned for its high-quality industrial and commercial projects in Singapore. Situated in the Central Region at 43 Jalan Pemimpin, this freehold B1 industrial factory offers prime location, superb accessibility and desirable communal facilities, making it a highly sought-after property for both businesses and investors.The development features two rooftop pavilions ideal for outdoor gatherings, rooftop solar panels, two passenger lifts, a service lift, and a generous one-to-one carpark ratio with 59 lots, including two EV lots. It comprises 56 strata-titled units and three canteen units, each equipped with toilets for occupiers’ convenience and privacy.With floor heights ranging from 5.6m to 7.35m, selected units on levels one and five also feature mezzanine floors. The project boasts a lorry park and two loading and unloading bays, catering to rigid-frame vehicles of less than 7.5m.Says Marcus Chu, CEO of ERA Singapore, “CT Pemimpin is an attractive option for both property investors and end-users. With no Additional Buyer’s Stamp Duty (ABSD) applicable for industrial properties, it provides risk diversification for investors, while end-users benefit from owning their own space instead of renting. The property’s freehold status coupled with its central location also adds to its appeal.”According to Ken Low, managing partner of SRI, the sleek design and prime location of CT Pemimpin make it appealing to a larger group of investors and businesses. Its location, within walking distance of Marymount MRT station and Bishan sub-regional centre, is particularly attractive to young entrepreneurs and their staff. Additionally, the last freehold industrial launch in this area over a decade ago, Mapex, has a proven track record of good profitability and rental.CT Pemimpin’s freehold status is a rarity in today’s market, where most industrial developments have limited lease terms of 30 or 60 years. This unique feature makes it especially attractive to investors and companies in the information and communications media industry looking for clean B1 spaces. Furthermore, commercial and industrial properties are not subject to ABSD, making them an attractive option for eligible foreign buyers.Aside from its desirable freehold status, CT Pemimpin boasts unparalleled connectivity, with easy access to major expressways like PIE and CTE, as well as public transport options like the Circle and North-South MRT Lines. The upcoming North-South Corridor will also provide dedicated bus and cycling lanes, enhancing travel convenience and reducing travel time to and from the property.Residents of CT Pemimpin will also have access to a multitude of retail and dining options at nearby shopping centres such as Junction 8, Thomson Plaza, AMK Hub, and more. Reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College are also within close proximity, making it convenient for families with school-going children.Chiu Teng Group, with its solid reputation as a reliable property developer and builder since its establishment in 1999, has an extensive portfolio of well-received projects, including industrial developments like CT FoodNEX, CT Foodchain, Tagore8, and CT Hub & CT Hub 2, as well as residential projects like The Creek@Bukit. The preview for CT Pemimpin starts on February 21, 2025. Don’t miss this rare opportunity to secure a freehold industrial space. Contact 8100 8017 or visit Chiu Teng Group today to arrange a viewing.

Singaporean condo investment is greatly influenced by the government’s property cooling measures. In order to maintain a stable real estate market and reduce speculative buying, the Singaporean government has implemented various measures over the years. One of the most significant measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreigners and those purchasing 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, making it a more secure environment for investments. Condo investors must take these measures into consideration when making decisions for their investments in Singapore.…

Lentor Central Residences, a new development in Lentor Hills, will be launched for viewing on February 21. The project is expected to be available for sale on March 8.

This upcoming development is the latest addition to the thriving Lentor Hills district, and is a joint project by Hong Leong Holdings, GuocoLand, and CSC Land.

Comprising of two residential blocks, one 27-storey and another 28-storey, Lentor Central Residences offers a range of one- to four-bedroom units, ranging from 463 sq ft to 1,399 sq ft.

Interested buyers can find out more information about available units and prices for Lentor Central Residences.

According to the developers, one-bedroom units will be priced from $975,000 ($2,110 psf), two-bedroom units from $1.38 million ($2,050 psf), three-bedders from $1.81 million ($1,984 psf), and four-bedroom units from $2.37 million ($2,000 psf).

The development boasts of various amenities, including a 50-metre infinity edge pool, 25-metre lap pool, and leisure pools, as seen in the aerial view below. The project is also conveniently located near Lentor MRT Station and the Thomson-East Coast Line, making commuting to the city center a breeze.

An aerial view of the landscaped decks, including a 50-metre Infinity Edge Pool, 25-metre Lap Pool, and Leisure Pools. (Photo: Hong Leong Holdings)

Betsy Chng, head of sales and marketing at Hong Leong Holdings, emphasizes the project’s strategic location near public transportation and dining options at nearby retail centers such as GuocoLand’s Lentor Modern, Thomson Plaza, and eateries along Upper Thomson Road and the nearby Springleaf estate.

“We believe the new Lentor Hills enclave is on the cusp of significant growth and is poised to become one of Singapore’s most sought-after districts for homebuyers,” she says. “Together with our partners, we are creating premium homes at reasonable prices, where units are sold based on liveable space.”

Other family-friendly condo facilities include a child care center, a children’s playground, a resident’s clubhouse, a gym and yoga room, a tennis court, and a spa pavilion with massage pool, as seen in the artist impression below.

An artist impression of the spa pavillion and massage pool at Lentor Central Residneces. (Photo: Hong Leong Holdings)

The sales gallery is located on Lentor Hills Road, where interested buyers can drop by to enquire about available units and prices for Lentor Central Residences.

For those interested in other properties within the vicinity, they can also ask questions on the Ask Buddy platform, such as condo sales transactions and rental listings in District 26. They can also compare price trends between condo new sales and executive condominiums (ECs) new sales.

Some key project details for Lentor Central Residences include:

– Total number of units: to be announced

– Project summary: New launch development comprising of two residential blocks, with a range of one- to four-bedroom units.

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Investing in a condo in Singapore offers numerous advantages, with potential for capital appreciation being one of the top perks. Singapore’s position as a prominent global business hub, along with its robust economic fundamentals, leads to a constant demand for real estate. Over time, the property prices in Singapore have consistently shown an upward trend, especially for condos located in prime areas. By entering the market at the right time and holding onto their properties for a considerable period, investors can reap significant capital gains. Additionally, with the recent New Condo Launches, there are even more opportunities for potential appreciation in the future.

– Available unit types: one-bedroom, two-bedroom, three-bedroom, four-bedroom

With its prime location, family-friendly amenities, and reasonable pricing, Lentor Central Residences is set to be a highly sought-after development in the vibrant Lentor Hills district.…

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Investing in a condo requires careful consideration of not just the property itself, but also its maintenance and management. This is because condos usually have maintenance fees that cover the upkeep of shared areas and amenities. While these fees may increase the overall cost of ownership, they also guarantee that the property will maintain its quality and value. By hiring a property management company, investors can delegate the day-to-day management of their condos, making it a more hands-off investment. Singapore Projects are a great example of this type of investment.

Singapore Realtors Inc (SRI) and Redbrick Mortgage Advisory have entered into a partnership to enhance the capabilities of SRI’s salespersons. As part of the collaboration, Redbrick will provide training on advanced mortgage strategies to SRI agents, enabling them to better guide homebuyers on financing options. According to Redbrick CEO Eugene Huang, this partnership aims to empower SRI salespersons to become trusted advisors who can offer personalized financing solutions, allowing buyers to make well-informed decisions. Additionally, Redbrick will also provide SRI agents with real-time mortgage rate information from over 15 financial institutions, allowing them to quickly and efficiently share updated financing options with their clients. SRI CEO Thomas Tan believes that this partnership will enable SRI’s teammates to provide clients with the most relevant financing options and information.…

Frasers Property Singapore’s mixed-use development, Sky Eden@Bedok, has put its retail podium up for sale through an expression of interest (EOI) exercise. The guide price for the 12 strata retail units on the ground floor is set at $45.2 million.

The total strata area of the retail podium is approximately 11,193 sq ft, which translates to a guide price of $4,038 psf. CBRE, the marketing agent, has confirmed that the units can be sold collectively as a portfolio, individually, or in clusters. The units range in size from 398 sq ft to 1,313 sq ft and are priced from $1.91 million to $5.55 million. All of them have been approved for F&B usage.

Sky Eden@Bedok, located in Bedok Central, is currently under construction. This upcoming 99-year leasehold development consists of two 16-storey residential towers with 158 units on a retail podium. It is just a few minutes’ walk from Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange connected to Bedok Mall.

The project was launched in September 2022, marking the first private residential launch in Bedok Town Centre in a decade. Since then, all units have been sold out. The development is expected to receive its temporary occupation permit in the fourth quarter of 2025.

Michael Tay, CBRE’s head of capital markets for Singapore, states that the strata retail units at Sky Eden@Bedok are “the first private commercial properties available for sale in Bedok Town Centre.” He adds that CBRE is confident that the property’s attractive price point will appeal to a wide range of investors, including boutique real estate funds, family offices, high-net-worth individuals, and F&B owner-occupiers looking to enter the tightly held residential enclave’s commercial space.

When considering investments in Singapore, it is crucial for non-citizens to have a thorough understanding of the rules and restrictions surrounding property ownership. Generally, foreign investors have relatively easy access to purchasing condominiums, compared to landed properties which have stricter regulations. However, it is worth noting that first-time foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD), currently set at 20%, for their initial property purchase. Despite this additional cost, the stability and potential for growth in the real estate market of Singapore continue to attract foreign investments. This is evident in the increasing popularity of Singapore Projects among foreign investors. Singapore Projects are particularly sought after by non-citizens as a lucrative opportunity in the thriving Singapore real estate market.

The EOI for the retail podium will close on April 3 at 3pm. Interested parties can check out the latest listings for Sky Eden@Bedok properties, view the 2-bedroom floor plans, and see the site plan and diagrammatic chart for the development. They can also explore condo sales transactions in District 16, projects that have recently obtained their TOP, and the total number of units in Sky Eden@Bedok.…

despite similar application rates

The recent Home Improvement Programme (HIP) has selected over 29,000 HDB flats to undergo upgrading works, with a budget of over $407 million allocated for this round, according to a press release by the HDB on Feb 16.

These flats, located in various areas including Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh and Woodlands, have been chosen to address common maintenance issues caused by wear and tear in older flats.

Since its introduction in 2007, the HIP has helped 494,000 flats, or nine in 10 eligible flats, with close to 381,000 flats undergoing upgrades, as stated by Minister for National Development Desmond Lee.

The programme covers essential improvements for basic safety needs of residents, such as repairing spalling concrete and ceiling leakages. These essential improvements are fully funded by the government for Singapore citizen households.

In addition, flat owners can opt for optional improvements including upgrades to bathrooms and toilets, new entrance doors and grill gates, and new refuse chute hoppers. These optional improvements are subsidised by the government, with Singapore citizen households paying as low as 5% of the cost depending on the flat type.

Since 2012, the Enhancement for Active Seniors (Ease) programme has been offered as part of the HIP, which allows flat owners to install senior-friendly fittings such as grab bars, ramps, and slip-resistant treatments for toilets and bathroom tiles. The costs for these improvements are covered up to 95% by the government for Singapore citizen households.

According to HDB, the government has allocated approximately $4 billion to the HIP and around $150 million to Ease as of March 31, 2014. This demonstrates the government’s commitment to improving the living standards for its citizens. Interested buyers can check out the latest HDB property listings on Ask Buddy to find their dream home.

The demand for Singapore Condos remains consistently high as the country grapples with limited land availability. Being a small island nation with a rapidly growing population, Singapore faces challenges in finding suitable land for development. This has led to strict regulations on land use, resulting in a fiercely competitive real estate market where property prices continue to skyrocket. Therefore, investing in real estate, especially in Singapore Condos, offers a promising opportunity for significant capital appreciation.…

A 3,391 square foot unit, located in the popular Bukit Timah Plaza mall, has been listed for sale at the asking price of $9.8 million ($2,890 per square foot). The property is approved for restaurant use and presents a discount of 12% from its previous listing price of $11 million in 3Q2022. This exclusive listing is being marketed by Clemence Lee, the executive director of capital markets at CBRE.

Nestled in the basement two level of the mall, the unit boasts an impressive 20-meter frontage that faces the central plaza. According to Lee, the unit has been fully leased and will be sold along with its existing tenancy. It holds a 99-year lease from 1976, which means that it still has a remaining lease of 50 years.

The asking price is in line with the last two transactions for units in basement two of the mall. In March 2024, a 441 square foot unit changed hands for $1.43 million ($3,240 per square foot), while an 850 square foot unit was sold for $2.5 million ($2,940 per square foot), based on lodged caveats.

When it comes to investing in Singapore’s property market, foreign investors must familiarize themselves with the regulations and limitations in place. For the most part, foreigners are able to buy condos without facing many restrictions, unlike landed properties which have stricter ownership rules. However, foreign buyers are still subject to the Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property purchase. Despite the added costs, the reliability and potential growth of the Singapore real estate market continues to entice foreign investment. So, it’s a good idea to consider buying a Condo for your investment in Singapore.

Bukit Timah Plaza is a mixed-use development that was completed in 1979. It features a four-storey retail mall and two apartment blocks, which house 269 residential units at Sherwood Towers. The mall attracts a significant amount of foot traffic, thanks to its location and amenities. Among its many offerings, it boasts one of the largest Fairprice Finest supermarkets in Singapore, sprawling over 44,000 square feet, according to CBRE.

Situated at 1 Jalan Anak Bukit, the mall is conveniently located within walking distance of both the Beauty World and King Albert Park MRT Stations on the Downtown Line. It is also surrounded by numerous private residential developments, with an estimated population of 37,000 people. The area is also home to several prominent educational institutions, including the Singapore Institute of Technology (SIT), Singapore Institute of Management (SIM), Ngee Ann Polytechnic, Methodist Girls’ School, and Pei Hwa Presbyterian Primary School.

The Bukit Timah Plaza area is currently undergoing a rejuvenation, with the addition of new mixed-use and integrated developments. These include the upcoming The Reserve Residences and the redevelopment of the former Bukit Timah Market and Food Centre, which is expected to be completed in late 2029.

The unit in question is being offered for sale through an expression of interest on Mar 19. To view other available listings for properties at Bukit Timah Plaza and Sherwood Towers, please visit the CBRE website for more information.…

When it comes to investing in Singapore Condos, one must also take into account the government’s property cooling measures. In order to maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on both foreign buyers and individuals purchasing multiple properties. While these measures may impact the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a more secure environment for investors.

Two adjoining strata retail units at Peninsula Plaza are currently up for sale for $10.9 million. These 999-year leasehold units, located on the ground floor, boast a prominent frontage along North Bridge Road.The first unit has a strata area of 538 sq ft, while the second has 581 sq ft. Combined, the total strata area is 1,119 sq ft. Based on the asking price of $10.9 million, the psf rate for the units is $9,741.The current tenants have agreed to lease the properties until 2026, providing investors with a 3% gross rental yield.AdvertisementAccording to Nick Chan, Savills Singapore associate director of investment sales & capital markets, these two units offer the best street frontage within the development and enjoy a consistently high footfall on a daily basis. Chan is handling the sale of the units on a private treaty basis.Peninsula Plaza is a 30-storey mixed-use commercial building with a six-storey retail podium and a 24-storey office tower. Completed in 1980, it has a 999-year leasehold tenure. The building has frontages along North Bridge Road, Coleman Street, and Coleman Lane. It also has a sheltered link to City Hall MRT Interchange Station for the North-South and East-West lines.Back in August 2022, a 452 sq ft retail unit on the ground floor was sold for $4.08 million ($9,025 psf) based on a lodged caveat.Peninsula Plaza has become increasingly sought-after since March 2022 when the Urban Redevelopment Authority restricted the strata subdivision of commercial properties in the CBD and Orchard corridors. With its 999-year and freehold tenure, the strata-titled units at Peninsula Plaza have become highly desired.…

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Brand New Land’s team had a vision to bring elements of Good Class Bungalow (GCB) living into the realm of accessible luxury semi-detached homes. To bring this vision to life, they turned to Pau Loh, the managing director of Tellus Design, a renowned name in the GCB design industry. With a three-decade long partnership, they set out to create a collection of four semi-detached homes in the Bukit Timah and Upper Bukit Timah areas, blending the best practices of GCB homes into their designs.

The two sets of semi-detached homes at 23 & 23A Maple Avenue and 25 & 25A Jalan Selanting, affectionately named “The Great Trees Collection”, are inspired by the beauty and legacy of nature. These homes range from 2,790 to 3,130 sq ft and boast luxurious features such as a lift, swimming pool, and gourmet kitchen provisions. Keeping with Brand New Land’s philosophy of delivering value to their clients, these homes are priced within the bank valuation range, allowing for potential upside for buyers.

GCB Design Elements

Taking inspiration from large bungalow homes, the semi-detached homes are designed with dedicated zones for different functions. Separate areas for receiving guests, dining, gourmet cooking, and entertainment spaces cater to different group sizes and create an intimate and personalized experience. “We love the intimacy that these dedicated spaces create. Under the same roof, you can have family and friends being at home together, but with your own space and privacy,” explains Brand New Land Group’s Co-Founder and Director, Alvina Teh.

‘Ceremonial Entrances’

The experience of arriving home and stepping into a personal space is a special one that Brand New Land aims to recreate in their homes. According to Tatiana Teh, Client Relations Director of Brand New Land Group, “The experience of coming home, stepping in from the outside world into your own space, is something we hold close to our hearts when we develop our homes. We want to bring this special experience to our community.” Each semi-detached home features a ceremonial entrance, framed by lush greenery, the sound and reflection of water, and warm and rich facade materials, celebrating the transition from outside to home.

When pondering an investment in a condo, one must also thoroughly consider the potential rental yield. The rental yield, which is the annual rental income as a percentage of the property’s purchase price, is a crucial factor to examine. In Singapore, the rental yields for condos can vary significantly based on factors such as location, property condition, and market demand. Typically, areas with high rental demand, like those in close proximity to business districts or educational institutions, offer more attractive rental yields. To gain a better understanding of the rental potential of a specific condo, it is essential to conduct comprehensive market research and seek guidance from knowledgeable real estate agents. With thorough assessment and expert advice, investing in a condo can prove to be a lucrative opportunity. Condos are an excellent option for potential investors looking for a profitable venture.

Luxe Architecture and Rich Materials

Drawing from Pau Loh’s signature style that has proven successful for GCBs in Singapore’s tropical climate, these homes have wide overhanging eaves and deep recesses to provide shelter and cool the interiors. Horizontal design elements such as the wraparound golden sand facade treatment, and horizontal planters give the homes a spacious and luxurious aesthetic. The generous use of nature-inspired cladding elements, such as timber-effect screens and rich midnight tones, create a look of quiet luxury. Inside, the homes are adorned with rich timber grain, precious marble, and German bath fittings, evoking a feeling of serene luxury.

Collaboration with Arclinea Singapore

Brand New Land has teamed up with luxury kitchen specialist Arclinea Singapore to create gourmet kitchen experiences in these homes. Both brands share the common goal of inspiring everyday connections in extraordinary kitchen spaces. With a predominantly GCB clientele, Arclinea has added a special touch to the kitchens at 25 Jalan Selanting and 23 & 23A Maple Avenue.

“Our vision for this collection is to bring the best GCB design principles into our semi-detached homes,” says Alvina. “We are blessed to work alongside Pau Loh, a very skilled and steady architect, who helped make it happen. We are very excited about the future these homes will create for the lives they touch.”

To view these homes, call 8893 7602. For more information and updates on upcoming launches, visit www.brandnewland.com.sg or follow Brand New Land on Instagram (@brandnewlandgroup), Facebook (@brandnewlandgroup), YouTube, or LinkedIn. If you’re interested in working with the group or have land with potential for redevelopment, please email comehome@brandnewland.com.sg.

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The decision to invest in a condo in Singapore is increasingly attractive for both domestic and international investors, thanks to the country’s strong economy, political stability, and exceptional quality of life. The real estate market in Singapore presents a wealth of possibilities, with condos standing out for their convenient locations, luxurious amenities, and potential for lucrative returns. This article will delve into the advantages, factors to keep in mind, and necessary actions to take when investing in a condo in Singapore, including keeping an eye on the latest New Condo Launches.

A 99-year leasehold shophouse located at 214 Serangoon Avenue 4 will be up for auction at SRI’s next auction on February 26. The two-storey shophouse, which includes living quarters on the second floor, boasts a total floor area of around 1,668 sq ft. The property has been listed with a guide price of $1.98 million, which translates to $1,187 psf on the floor area.

This is the second time the property is being put up for auction as it was previously listed with a higher guide price of $2.08 million, but failed to find a buyer. According to Jansen Kee, assistant manager of auctions at SRI, the shophouse is prominently located in front of a bus stop, giving it good visibility from the main road.

Currently tenanted, the shophouse is generating a gross rental yield of approximately 6.2% based on the guide price, says Kee. He adds that the property will be sold with its existing lease, which runs until 2026, providing the new owner with an immediate stream of rental income.

Kee also notes that the listed guide price for the HDB shophouse is one of the lowest in the area, making it an attractive value proposition for both investors and owner-occupiers. According to URA records, the most recent commercial shophouse transaction in Serangoon was the sale of a 999-year leasehold shophouse at Lichfield Road. Spanning a land area of 2,319 sq ft, the two-storey property was sold for $4 million ($1,725 psf) in November 2020.

The shophouse up for auction is located within a cluster of HDB flats that border the Serangoon Gardens landed residential estate. It is situated directly across the road from Serangoon Swimming Complex and Serangoon Sports Centre, which draws steady foot traffic. Carpark lots are also available behind the shophouse.…