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Casa Fidelio, a landed development located on Fidelio Street off New Upper Changi Road in District 15, will soon be up for sale through a collective tender. The property, which consists of seven cluster terrace units and was completed in 1990, will have a reserve price of $24 million. This translates to a land rate of $1,388 psf, according to PropNex Realty, the appointed marketing agent for the site. This is the first time that the owners of Casa Fidelio are attempting an en bloc sale.

The strata-titled landed development is situated on a 17,293 sq ft plot of land that is designated for residential use and zoned for two-storey mixed-landed housing. It is located in a landed housing estate, just a short drive away from various amenities such as East Coast Park, dining and lifestyle options at the Katong and Joo Chiat precincts, and shopping malls like Siglap Village, Siglap Centre and Bedok Mall. The future completion of the integrated public housing project, Kembangan Wave, next to Kembangan MRT Station is expected to bring in even more amenities, including a community club with an eating house, supermarket and outpatient healthcare facility.

Casa Fidelio is also in close proximity to several schools, including Opera Estate Primary School, St Stephen’s School and Victoria School. According to Laurence Wong, PropNex’s head of collective sales, the site has the potential for redevelopment in various configurations, such as luxury cluster houses, landed terraces, or even a large standalone property. He adds that the site’s regular shape and ample size allow for flexibility in design, making it ideal for a modern residential development that caters to the high demand for landed homes in the East Coast area.

When it comes to real estate investment, one must carefully consider various factors, and location is undoubtedly a crucial one, especially in the context of Singapore. The value of condominiums is significantly impacted by their placement in central areas or close to vital amenities such as schools, shopping centers, and transportation hubs. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown a positive trend in property values. These areas are highly desirable for families due to their proximity to reputable schools and educational institutions, making condominiums in these locations even more alluring for investment. In addition, potential investors can also consider looking into new condo launches in these sought-after areas to take advantage of the promising potential of these developments. For the latest updates on new condo launches, visit One Mind One Energy.

The most recent transaction at Casa Fidelio was in September 2020, when a house with a land area of 1,894 sq ft was sold for $2.27 million ($1,198 psf). Additionally, only two freehold landed homes on Fidelio Street were transacted in 2020 – a terrace house occupying a land area of 3,423 sq ft that sold for $9 million ($2,629 psf) and a semi-detached house on 2,035 sq ft of land that fetched $5.38 million ($2,643 psf). Nearby, a corner terrace on Jalan Bangsawan off Swan Lake Avenue was sold at an astonishing $3,541 psf in December 2020. The tender for Casa Fidelio will close on April 22 at 3pm. Interested parties can check out the latest listings for Casa Fidelio properties on AskBuddy.…

AdvertisementAdvertisementThe first private housing government land sale (GLS) site in the Bayshore precinct, located on Bayshore Road, has attracted eight bids and closed on March 18. The winning bid for the 99-year leasehold site was submitted by SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings, for $658.89 million, which translates to a land rate of $1,388 psf per plot ratio (ppr). The bid is just 0.82% higher than the second-highest bid of $653.53 million by Sing Holdings. City Developments had the third-highest bid of $620.8 million.OrangeTee & Tie’s CEO, Justin Quek, believes that the high bids received for this site may indicate strong confidence in its potential. Huttons Asia’s CEO, Mark Yip, notes that the number of bids received is the highest since January 2022 when a Jalan Tembusu plot (now the site of Tembusu Grand) also attracted eight bids. He believes that developers may have held back from bidding for other GLS sites in order to pursue the Bayshore site due to the strong sales in the past few months, which has increased the need for developers to replenish their land bank.Other tenderers for the site include a Frasers Property-led consortium, Kingsford Development and a Hoi Hup Realty-Sunway Developments joint venture. The two lowest bids came from a consortium comprising Hong Leong Holdings, TID, and CSC Land Group, followed by Sim Lian Group.In terms of pricing, the sizeable gap of 36% between the lowest and highest bids received for the Bayshore Road site reflects mixed market sentiments among participating bidders, according to ERA Singapore’s CEO, Marcus Chu. SingHaiyi’s bid of $1,388 psf ppr has also set a new benchmark for Outside Central Region (OCR) land prices, beating the previous threshold of $1,250 psf ppr for the site of the recently-launched Elta, located at Clementi Avenue 1, which was paid by MCL Land and CSC Land Group last November.Read also:Two sites at River Valley Green launched for tenderGuocoLand-Hong Leong JV submit sole bid for Upper Thomson Road GLS site at $905 psf pprHuttons’ Yip believes that the future development at the Bayshore Road site could see an average selling price of over $2,600 psf, while Knight Frank’s head of research Leonard Tay estimates prices to start from $2,700 psf and average above $2,800 psf. The Bayshore Road GLS site is probably the best site in the Bayshore precinct, according to Yip, as it offers a sea view and doorstep access to Bayshore MRT Station. The area also stands to benefit from long-term development plans, such as the Long Island coastal protection project, which will add reservoirs and parks fronting the Bayshore area. PropNex’s head of research and content, Wong Siew Ying, adds that the Bayshore area may have pent-up demand for new private housing, including from HDB upgraders in the nearby Marine Parade and Bedok estates.

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When making the decision to invest in a condominium, it is crucial to take into account the maintenance and management of the property. Condos typically come with maintenance fees that are used to maintain the common areas and facilities. These fees may increase the overall cost of ownership, but they also play a crucial role in preserving the property’s value. To make things easier for investors, hiring a property management company can take care of the daily management of their condos, turning it into a more hands-off investment. This applies to Singapore Projects as well.…

February was yet another strong month for new private home sales, as the market continues to be fueled by fresh launches. According to the latest figures released by URA on March 17, developers sold a total of 1,575 units (excluding executive condos) in February, representing a 45.4% increase from January’s 1,083 units sold.

Compared to the same period last year, new home sales in February were more than 10 times higher than the 153 units sold in February 2024. This is also the highest February sales figure in 13 years, since 2,417 units were sold in February 2012. Tricia Song, CBRE’s head of research for Singapore and Southeast Asia, notes that this includes a total of 1,604 units sold last month, including ECs, an increase of 45.3% from January.

In fact, developers have already sold 2,658 units (excluding ECs) since the beginning of the year. In comparison, it took eight months to achieve a similar figure last year, according to Leonard Tay, head of research at Knight Frank Singapore.

The strong numbers in February were driven by two major launches in the Outside Central Region (OCR): the 1,193-unit ParkTown Residence in Tampines North and the 501-unit Elta on Clementi Avenue 1. ParkTown Residence sold 1,041 units in February at a median price of $2,363 per square foot (psf), making it the best-selling project of the month. This translates to an 87% take-up rate for the integrated project, which is jointly developed by UOL Group and CapitaLand Development.

Elta was the second best-performing project, with 65.1% (326 units) sold by developers MCL Land and CSC Land Group at a median price of $2,538 psf. CBRE’s Song points out that both ParkTown Residence and Elta are located in suburban areas that have not seen new supply in at least the past five years, contributing to their strong performances.

Including these two projects, a total of 1,694 units were launched for sale in February, a significant increase of 89% from the 896 units launched the previous month. In addition, sales in the OCR totaled 1,452 units, accounting for a staggering 92% of the total new private homes sold in February. This marks the best monthly performance for the OCR in over nine years, since 1,523 units were sold in July 2015, according to Wong Siew Ying, PropNex Realty’s head of research and content.

Sales in the Rest of Central Region (RCR) made up 98 units, or 6.2% of units sold in February. The top-selling RCR project was Pinetree Hill, which sold 22 units at a median price of $2,613 psf.

In the Core Central Region (CCR), only 25 units were sold, accounting for 1.6% of developers’ sales last month. The best-performing CCR project was 19 Nassim, which sold five units at a median price of $3,372 psf. Four units were also sold at One Bernam at a median price of $2,651 psf. The 351-unit One Bernam, which launched for sale in May 2021, is now fully sold.

In terms of buyer demographics, Singapore citizens made up the majority of new private home buyers at 92.4%, followed by permanent residents at 6.9%, notes Lee Sze Teck, senior director of data analytics at Huttons Asia. Foreigners accounted for 11 new home purchases, including two of the most expensive transactions in February – the sale of two units at 32 Gilstead for $14.47 million and $14.61 million.

It is essential for foreign investors to have a comprehensive understanding of the regulations and limitations governing property ownership in Singapore. Unlike landed properties, which have stricter ownership guidelines, foreigners typically have more freedom when it comes to purchasing condos. However, they will still be required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property acquisition. Despite the added expenses, the Singapore real estate market’s reliability and potential for growth continue to entice foreign investments. And with the introduction of new condo launches, this market becomes even more alluring for foreign buyers. New Condo Launches have further amplified the appeal of the market, attracting an influx of foreign buyers.

A record number of suburban homes were also sold for over $2 million in February. A total of 603 new private homes (including ECs) in the OCR were sold at this price range, making it the highest number of new suburban homes sold in a single month since URA data became available in 1995. Christine Sun, chief researcher and strategist at OrangeTee Group, notes that the previous record was set in November 2024, with 512 new homes in the OCR sold for at least $2 million.

Of the 603 OCR homes that transacted for at least $2 million, 596 were non-landed homes, consisting mainly of units from ParkTown Residence (397 units), Elta (145 units), and Hillock Green (16 units).

Wong believes that the narrowing price gaps between regions could be due to various factors, including specific project attributes, pricing driven by amenities, demand from HDB upgraders, and the location of certain projects on the edge of the CCR.

Wong also notes that recent OCR launches such as Chuan Park, Elta and Bagnall Haus have registered average unit prices of $2,589 psf, $2,544 psf, and $2,489 psf, respectively, surpassing RCR project Nava Grove, which logged an average unit price of $2,460 psf.

Some upcoming launches scheduled for the second quarter include Bloomsbury Residences (358 units), One Marina Gardens (937 units), W Residences Singapore – Marina View (638 units), and Arina East Residences (107 units). However, despite the strong start to the year, not all projects launched in the coming months may perform equally well, notes Knight Frank’s Tay. “Buyer demand will largely depend on the specific location and attributes of each new project launch, with some projects performing better than others,” he says.…

The Singapore Land Authority (SLA) has put up for tender a collection of twenty charming heritage bungalows in the Sembawang area. The properties, which have been lovingly maintained over the years, are now available for lease with a tenure of five years, with an option to extend for another four years.

These black-and-white bungalows, originally built in the 1920s and 1930s, are situated along Admiralty Road East, Falkland Road, Auckland Road West, and Fiji Road. They occupy a sprawling area of approximately 245,300 square feet and boast a total gross floor area (GFA) of around 94,945 square feet.

What makes these bungalows stand out is their versatility in use. They are available for lease with serviced apartment use, which includes a variety of options such as multi-generational and senior co-living concepts. The properties are also open to F&B and retail use, as long as it does not exceed a GFA of 9,580 square feet. The minimum stay for a serviced apartment is just one week, making it a convenient option for both short and long-term stays.

Investing in a Singapore condo is more than just finding the perfect unit. It entails careful consideration of the property’s maintenance and management as well. Beyond simply owning a unit, condo owners are responsible for contributing to the upkeep of shared spaces and amenities through maintenance fees. While this may add to the overall cost of owning a condo, it serves a crucial purpose in maintaining the condition and value of the property. For an even more hassle-free experience, investors can opt to employ a property management company to handle the day-to-day responsibilities. This turns owning a Singapore Condo into a passive and convenient venture.

The tender process for these properties will be evaluated on a price-quality basis. Interested parties can submit their bids until June 11 at 11am, with the site expected to be awarded in October. This move by the SLA not only aims to preserve and showcase Singapore’s rich heritage, but also opens up possibilities for unique and innovative developments in the area.

In addition, this is not the only initiative by the SLA to reimagine state properties. They have also converted certain properties into co-living spaces, event venues, and social impact hubs, showcasing the flexibility and adaptability of these properties. With the implementation of a digital property conveyancing portal by 2026 and a marginal increase in land betterment charge rates for residential properties, the SLA is constantly striving to improve and innovate the real estate sector in Singapore.…

CapitaLand has announced changes to the board composition of its integrated commercial trust (CICT) in a bid to strengthen its senior management team. Tan Choon Siang, currently the deputy CEO of the company, will take over as CEO and executive non-independent director from May 1, 2025. He will also be a member of the executive committee (EC). At the same time, current CEO Tony Tan will step down from his role as executive non-independent director and EC member and assume the position of chief corporate officer at CapitaLand Development. Tan has been with CICT since 2017.Under Tan’s leadership, CICT underwent a successful merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020, creating Singapore’s largest listed REIT with a market capitalization of $15.5 billion. The incoming CEO, Tan Choon Siang, has a strong background in the industry, having previously managed CapitaLand Malaysia Trust from 2012 to 2022 and served as chief financial officer for the manager of CapitaLand India Trust. He also held the position of Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2019.

The cityscape of Singapore is characterized by contemporary skyscrapers and advanced infrastructure. Condominiums, situated in desirable locations, offer a perfect combination of opulence and comfort that appeals to both locals and foreigners. These residential complexes are equipped with various facilities like swimming pools, fitness centers, and professional security services, elevating the standard of living and making them a sought-after choice among renters and buyers. For investors, these amenities result in attractive rental returns and long-term appreciation of property values. Explore the various Singapore Projects to experience the epitome of urban living.…

Investing in a condo in Singapore comes with many advantages, one of which is the potential for capital appreciation. Singapore’s strategic position as a global business hub, along with its strong economic foundations, make it a highly sought-after destination for real estate investments. Throughout the years, the real estate market in Singapore has continuously shown a steady rise in property prices, particularly for condos located in prime areas. Those who wisely enter the market at the right time and hold onto their properties for the long haul can reap the benefits of substantial capital gains.

Singapore ranked world’s third most lucrative destination for global hotel investment: JLLTOP PUBLISHERS, EDITORS PICKHomegrown global asset manager and operator Keppel has announced that it will shift its focus to other brownfield redevelopment projects following the completion of Keppel South Central. According to Samuel Ng, president of Keppel’s real estate division in Singapore, the redevelopment of Keppel South Central will be their new flagship project. Keppel South Central consists of two buildings, the former Keppel Towers and Keppel Towers 2, which have been refurbished into a 33-storey commercial tower. The completed development offers about 650,000 sq ft of office, retail and event space with typical office floor plates between 20,000 and 22,000 sq ft. Located along Hoe Chiang Road in Tanjong Pagar, the tower boasts of technological improvements such as facial recognition access, 5G Wi-Fi, and an indoor air-quality management system. It also includes retail and event spaces on the ground floor, health and wellness spaces, a landscaped terrace, and end-of-trip facilities. The redevelopment project was given the BCA Green Mark Platinum Super Low Energy building certification and is expected to save 6.2 million kilowatt hours (kWh) of energy every year and amount to $1.8 million in yearly savings.Keppel is using the success of the Keppel South Central project to pivot towards other brownfield redevelopment projects across the region through its Sustainable Urban Renewal (SUR) strategy. It was reported that 87% of occupiers across Asia Pacific are looking to have their full portfolio in green-certified properties by 2030. This presents an opportunity for sustainability-focused retrofits. In Singapore, most ageing office buildings undergo redevelopment to recycle prime commercial land in the CBD. Keppel has also established Keppel Sustainable Urban Renewal Fund (KSURF), which has received its first close with a total of over $2.3 billion in funds under management to fund redevelopment projects across Asia. Keppel will be able to leverage its in-house capabilities to renovate the properties and divest them within the fund’s life of seven years. Keppel has applied its SUR initiative to eight projects across five countries, of which three are yet to be completed. Keppel has achieved success with its SUR strategy and is confident that it can replicate this success across the region.…

SRI’s upcoming auction on March 15 will feature a 99-year leasehold semi-detached house with a guide price of $3.65 million. Located on Kew Heights in District 16, the three-storey property sits on a corner plot of 3,034 sq ft. The price tag of $3.65 million reflects a land rate of $1,203 psf.

Investing in a condo in Singapore has become increasingly popular due to its many benefits. The steady demand for condos guarantees a constant influx of potential buyers or tenants, while the high potential for capital appreciation offers the opportunity for profitable returns when selling the property in the future.

One of the primary advantages of investing in a condo in Singapore is the attractive rental yields it offers. As the city’s population continues to grow and its economy remains strong, the demand for rental properties has significantly increased, resulting in higher rental rates and potential income for investors. However, it is essential to carefully consider various factors before making an investment decision.

The location of a condo is crucial to its success as an investment. Properties situated in prime condo locations tend to have higher demand and offer better potential for returns. Additionally, it is vital to carefully consider financing options and stay informed about government regulations and taxes that may impact the investment.

Market conditions also play a significant role in the success of a condo investment. Thorough research and seeking professional advice is crucial before making any investment decisions. This allows investors to make informed choices and capitalize on the dynamic real estate market in Singapore.

Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, condos in Singapore offer a compelling opportunity that should not be overlooked. With their high demand, potential for appreciation, and attractive rental yields, condos in Singapore can be a lucrative venture. Remember to conduct thorough research and seek expert guidance to ensure a successful and profitable investment in this thriving real estate market.

This will be the first time the property is being offered for sale via auction, as it is currently under mortgagee sale. The house will be sold with vacant possession.

Boasting a floor area of 4,436 sq ft spread over three floors, the property features a living hall with a double-volume ceiling, a dining area, a kitchen, a helper’s room, and a car porch on the ground level. The upper two levels comprise of six bedrooms, a family area, and a storeroom. Additionally, the property also includes a backyard area.

According to Mok Sze Sze, managing partner of auctions and sales at SRI, potential buyers have the opportunity to convert some of the open areas into additional bedrooms, making it an ideal home for extended or multi-generational families. He also notes that the land rate of $1,203 psf is one of the lowest in the area. Public records show that the property was last sold in November 2021 for $3.19 million ($1,051 psf).

In the past year, two other 99-year leasehold landed properties in the Kew Vale estate have been sold. The most recent transaction was a three-storey semi-detached house along Kew Heights, which sold for $3.35 million in February. The other transaction was a three-storey terraced house on a 2,300 sq ft plot along Kew Drive, which sold for $3.26 million in January.

Prices of 99-year leasehold semi-detached houses in the Kew Vale estate have been on the rise in recent years. According to URA Realis, seven semi-detached houses were sold in 2023 and 2024 at an average land rate of $1,213 psf, up from the average land rate of $1,002 psf across seven transactions from 2021 to 2022.

The property is conveniently located near major roads, such as the East Coast Parkway (ECP) via Bayshore Road, and will also benefit from the upcoming Bedok South MRT Station on the Thompson-East Coast Line, set to open in the second half of 2026.

Several schools are also in close proximity to the property, including Temasek Primary and Secondary Schools, Bedok South Secondary, and Bedok View Secondary.

For more information on the property, check out the latest listings on Kew Vale properties on Ask Buddy. You can also view the sales transactions and prices for properties in Kew Vale and compare the price trends between condominium and executive condominium (EC) properties in District 16. Additionally, you can see which condominium projects have the most expensive average PSF in the district and if there have been any unprofitable transactions in Kew Vale.…

The Trizon, a 289-unit condo located on Ridgewood Close, recorded the most profitable resale transaction during the week of February 25 to March 4. The penthouse unit on the 23rd floor, spanning 5,737 sq ft, was sold for $9.76 million, translating to $1,701 per square foot. This is a significant increase from the previous purchase in March 2016, when it was bought for $6.55 million, or $1,142 per square foot. This resulted in a profit of $3.2 million (49%) for the seller, with an annualised gain of 4.5% over nine years.This sale also marks the second most profitable resale transaction at The Trizon to date. The record was set two years ago in August 2023, when a 7,083 sq ft penthouse was sold for $11 million, or $1,553 per square foot. The unit had been bought in November 2019 for $7.1 million, or $1,002 per square foot, resulting in a record profit of $3.9 million (55%), or an annualised gain of 12% over almost four years.The Trizon is a freehold development situated in prime District 10. It is surrounded by the Mount Sinai landed enclave, as well as the private residential estates of Pandan Valley and Pine Grove. Nearby private residential developments include Pandan Valley and two new 99-year leasehold projects: Pinetree Hill, a 520-unit development, and Nava Grove, a 552-unit development.Located at Ridgewood Close, The Trizon offers a variety of two- to five-bedroom units, and penthouses ranging from 1,012 sq ft to 7,083 sq ft. The average resale price at The Trizon is approximately $2,017 per square foot, while the nearby Pandan Valley has an average price of $1,449 per square foot. Ridgewood, a 999-year leasehold development with 425 condo units and 38 landed units, commands an average price of $1,728 per square foot.Pinetree Hill, launched for sale in July 2023, has seen units sold this year at an average price of $2,550 psf, compared to an average of $2,458 psf from its launch to end 2024. The 520-unit development is about 78% sold. The 552-unit Nava Grove, launched in November last year, is also approximately 75% sold, with an average selling price of $2,460 psf.The second most profitable resale transaction of the week occurred at Haig Court on Feb 27, where a 1,442 sq ft three-bedroom unit on the third floor was sold for $2.84 million, amounting to $1,968 per square foot. This is a vast increase from the previous purchase price of $798,868 ($554 per square foot) in 2005, resulting in a profit of $2.04 million ($255%) and an annualised gain of 6.8% over 19 years.Haig Court is a freehold development on Haig Road in District 15, completed in 2004. The 360-unit development is situated in the centre of Marine Parade and near shopping malls such as Katong Shopping Centre, Roxy Square, and I12 Katong. It is also close to many reputable schools, including Chung Cheng High School, Tanjong Katong Girls’ School, Tanjong Katong Secondary School, and the Tanjong Katong campus of the Canadian International School.Haig Court is next to two new 99-year leasehold projects: Emerald of Katong, an 846-unit development, and the 638-unit Tembusu Grand. Other new projects in the vicinity include The Continuum, an 816-unit freehold development, and Grand Dunman, a 1,008-unit 99-year leasehold project.Last year, Haig Court recorded eight resale transactions, with prices ranging from $1.85 million ($1,719 per square foot) for a 1,076 sq ft two-bedroom unit on Jan 16 to $3.45 million ($2,226 per square foot) for a 1,550 sq ft four-bedroom unit on Dec 19. These transactions resulted in a profit range of $450,000 to $2.06 million.There have been two resale transactions at Haig Court so far this year, with the other sale being a 1,453 sq ft unit that sold for $3.02 million ($2,078 per square foot) on January 17. The seller earned a profit of $2.13 million.The most unprofitable resale transaction occurred at Orchard Scotts, where a 2,228 sq ft unit was sold for $3.78 million ($1,696 per square foot) on Feb 25. However, the unit was initially purchased for $4.35 million ($1,955 per square foot) in 2010. As a result, the seller incurred a loss of $576,000 (13%), equating to an annualised loss of 1% over almost 15 years.Resale caveats at Orchard Scotts show a downward trend in resale prices in recent years. In March 2010, units were fetching an average of $2,061 per square foot, which dropped to $1,747 per square foot in March 2020. Average resale prices have only marginally increased in recent months, with the current average being $1,760 per square foot.Orchard Scotts is a 99-year leasehold condo located on Anthony Road, off Clemenceau Avenue North, in prime District 9. The 387-unit condo was completed in 2008 and offers a mix of two- to five-bedroom units ranging from 936 sq ft to 4,435 sq ft.

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Investing in a condo in Singapore comes with numerous benefits, one of which is the potential for capital appreciation. The country’s advantageous location as a global business hub, combined with its robust economic foundations, creates a constant demand for real estate. With this, property prices in Singapore have demonstrated a consistent upward trajectory, and condos in prime areas have experienced considerable appreciation. Those who wisely enter the market at opportune times and hold onto their properties for extended periods can reap substantial capital gains. Additionally, exploring various Singapore Projects can provide valuable insights and opportunities for prospective investors.…

at auction619-unit Citylights fetches $1.4 mil profitPrivate condo rental prices fall 1.2% in AugustSentosa Cove condo fetches $12.8 mil profitArray ( [0] =

A two-bedroom unit at The Esta recently set a new psf-price record for private condos. This freehold development saw a unit measuring 1,001 sq ft sell for $2.38 million, or $2,377 psf, on Feb 26. The previous record price was set in January last year when a three-bedroom unit sold for $3.2 million, or $2,317 psf.

The Esta has seen a steady rise in average resale prices over the past three years. In 2022, the average psf-price was $2,012, which climbed to $2,156 in 2023 and then to $2,248 in 2024. This reflects an 11.7% increase in average resale prices since 2022.

One of the most expensive units to sell at The Esta was a 3,477 sq ft, five-bedroom apartment on the 21st floor, which sold for $6.25 million, or $1,798 psf, in October 2021.

The development, which was completed in 2008, offers a variety of units ranging from two- to four-bedrooms and penthouses. It is situated within walking distance of Tanjong Katong MRT Station and is close to popular lifestyle hubs such as Katong Shopping Centre and Katong V.

The cityscape of Singapore is recognizable for its towering skyscrapers and contemporary infrastructure. Condominiums, strategically situated in desirable locations, offer a fusion of opulence and practicality that appeals to locals and foreigners alike. These residential properties boast a variety of facilities, including swimming pools, fitness centers, and security services, which not only enhance residents’ quality of life but also make them an alluring choice for potential tenants and buyers. For investors, these desirable features can lead to higher rental profits and appreciate the value of their Singapore Condo over time.

In second place for the highest new psf-prices during the review period, the 99-year leasehold condo D’Leedon saw a new record price of $2,287 when a three-bedroom unit measuring 1,421 sq ft on the 29th floor was sold for $3.25 million on Feb 25. This sale surpassed the previous record of $2,180 psf set in October 2021. So far this year, 11 units have been sold at the development with an average psf-price of $2,065. The lowest psf-price recorded was for a one-bedroom apartment measuring 743 sq ft, which was sold for $1.41 million, or $1,898 psf, on Feb 13.

D’Leedon, located along Leedon Heights, offers a variety of units ranging from one- to four-bedrooms and is situated within walking distance of Farrer Road MRT Station. It is also close to Empress Road Market and Food Centre.

In third place, Citylights saw a new psf-price high of $2,216 when a two-bedroom unit measuring 893 sq ft on the 26th floor sold for $1.98 million on Feb 27. This surpasses the previous record of $2,122 psf set in December 2021. The sellers of this unit made a profit of approximately $542,000, having purchased it for $1.44 million in April 2019.

The 99-year leasehold Citylights features a variety of units ranging from one- to four-bedrooms and is located along Jellicoe Road in Kallang. It is just a one-minute walk from Lavender MRT Station and offers convenient access to dining and retail options.

During the period in review, no new psf-price lows were recorded for any of the developments.…