Category: Uncategorized

A luxurious residential project in New York City is set to be showcased to Singapore buyers over the weekend of Jan 11 and 12. Situated in the prestigious Upper West Side neighbourhood of Manhattan, 720 West End Avenue boasts 131 exquisite homes ranging from one to five bedrooms, as well as townhouses, duplexes and penthouses with private terraces. Unit sizes range from approximately 500 sq ft to over 3,700 sq ft, with prices starting at US$1.015 million ($1.38 million) for a one-bedroom residence.

Originally built in 1927 as the Hotel Marcy, the 17-storey building was designed by renowned New York architect Emery Roth and features a Renaissance Revival-style façade. The developers, Glacier Equities and InterVest Capital Partners, have meticulously restored the intricate architectural details of the building’s façade. They have also added two floors to accommodate the stunning penthouse duplexes, while the interiors have been revamped under the direction of designer Thomas Juul-Hansen.

Aside from its striking aesthetics, 720 West End Avenue also boasts over 30,000 sq ft of top-of-the-line amenities. These include a state-of-the-art fitness centre, a private bar and dining room, a library and co-working spaces, inviting outdoor terraces and courtyards, private parking, and secure bike storage.

Singapore-based property consultancy Savills will be presenting this exclusive development to interested buyers at voco Orchard Hotel on Jan 11 and 12. The event will also feature a seminar on the New York real estate market at 3pm on both days.

.

When it comes to purchasing a condo, securing financing is a crucial aspect to consider. Luckily, Singapore offers a variety of mortgage choices to potential investors. However, it is crucial to note the Total Debt Servicing Ratio (TDSR) framework, which sets a limit on the amount of loan an individual can take based on their income and current debt obligations. Being knowledgeable about the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making thoughtful decisions about their financing options and prevent them from overextending themselves. To stay updated on the latest condo developments in Singapore, be sure to check out New Condo Launches.…

by Ascott fetches high occupancy levels

Ayana Bali, a sprawling 90ha integrated resort located in Bali, Indonesia, has recently revealed its latest residential offering, Alamanda Tower. This luxurious apartment complex offers 26 units of one- and two-bedroom residences, which are available for long-term lease with a minimum stay of one month.

Alamanda Tower is situated within Ayana Residences, a collection of upscale residential properties within the larger Ayana Bali estate. The resort stretches along the stunning Jimbaran Bay coastline and includes four hotels (Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali, and Rimba by Ayana Bali), the award-winning Ayana Spa, a golf putting course, a private beach, multiple event venues, and an impressive selection of 30 dining outlets.

Residents of Alamanda Tower will enjoy exclusive access to three rooftop pools, as well as full use of the facilities at the Ayana Residences community center, which includes a state-of-the-art gym, a lap pool, and a sauna and steam room. Additional services provided include a dedicated concierge team, bi-weekly housekeeping, a buggy service within the Ayana Bali estate, and a discount on all dining and select spa services.

One-bedroom units at Alamanda Tower measure 1,173 sq ft and are priced from approximately IDR70 million ($5,896) per month. Two-bedroom units without a pool measure 1,647 sq ft and start at approximately IDR100 million per month, while the larger two-bedroom units with a private pool range from 2,045 to 2,648 sq ft and start at approximately IDR120 million per month.

The scarcity of land in Singapore, a small island nation with a rapidly expanding population, has contributed to the soaring demand for condos. With limited space for development, the government has implemented strict land use policies, resulting in a competitive real estate market where property prices continue to rise. This has made investing in real estate, particularly condos, a highly profitable option with the potential for significant capital appreciation. In fact, Singapore Projects are highly sought-after due to their desirable location and the promise of strong returns.

Ayana Bali is managed by Indonesia’s Ayana Hospitality, which also operates properties in Jakarta and Labuan Bajo.…

Surbana Jurong Group has recently announced the appointment of Professor Cheong Koon Hean to its board of directors. This move, as stated in a press release on January 6, will enhance Surbana Jurong’s ability to provide creative, resilient and environmentally friendly solutions for the built environment.

Professor Cheong has a wealth of experience in the urban planning and development sector, having served as CEO of HDB from 2010 to 2020 and previously as CEO of URA from 2004 to 2010. She currently holds the position of chair at the Lee Kuan Yew Centre for Innovative Cities and is a Professor of Practice at the Singapore University of Technology and Design. She also acts as the chairman of the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

Apart from her new role at Surbana Jurong, Professor Cheong also serves on the boards of the National University of Singapore and CapitaLand Group. She is also the non-resident ambassador to Finland for Singapore. Her vast knowledge and experience in the field make her a valuable addition to the company’s board of directors.

To sum up, opting to invest in a condominium in Singapore provides a multitude of benefits. This includes the high demand for such properties, potential for increased value over time, and attractive rental yields. However, it is crucial to carefully consider various factors before making any investment decisions. These may include the location of the condo, financing options, government regulations, and overall market conditions. By conducting thorough research and seeking professional advice, investors can make well-informed choices and maximize their returns in the thriving real estate market of Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer searching for a stable and profitable venture, condos in Singapore offer an enticing opportunity. Keep an eye out for new condo launches here for the latest and most promising options in the market.

As we move towards a more sustainable future, Surbana Jurong is committed to using innovative and modern techniques to create smart and eco-friendly buildings. With the expertise of Professor Cheong, the company is well-equipped to deliver on its mission and contribute to a greener future.…

River Valley Apartments, a freehold condo situated on River Valley Road within the prestigious District 10, has recently been launched for collective sale through public tender. According to a press release dated January 6 by Knight Frank Singapore, the appointed marketing agent, the development is priced at a remarkable $56 million.

Built in the 1950s, this four-storey apartment complex comprises of 24 units and stands on a 12,408 sq ft land area designated for residential use, with a gross plot ratio of 2.8. Its prime location, just 500 metres away from the Great World MRT Station on the Thomson-East Coast Line, makes it an attractive prospect for potential buyers. The popular Great World City and Valley Point Shopping Centre are within walking distance, and the prestigious River Valley Primary School and Alexandra Primary School are located within a 1km radius.

The potential for redevelopment of this site is also highly promising, with the possibility of a boutique residential development consisting of 37 new units with an average size of 915 sq ft, as stated by Knight Frank.

The indicative price of $56 million translates to a land rate of approximately $1,622 per square foot per plot ratio (psf ppr), including a nominal land betterment charge. Taking into account the 7% bonus gross floor area allowed for balconies, the price can be approximated to $1,583 psf ppr.

Chia Mein Mein, the head of capital markets (land and collective sale) at Knight Frank Singapore, highlights that the site is in close proximity to three Government Land Sale (GLS) sites that were sold last year. In April 2024, Zion Road (Parcel A) was awarded to a joint venture between City Developments and Mitsui Fudosan for a whopping $1.107 billion ($1,202 psf ppr).

Soon after, in June 2024, a GLS site at River Valley Green was secured by Wing Tai Holdings at a price of $463.99 million ($1,325 psf ppr). In August that same year, Allgreen Properties successfully acquired Zion Road (Parcel B) at $730.9 million ($1,304 psf ppr).

Singapore’s and cosmopolitan atmosphere is defined by its towering skyscrapers and cutting-edge infrastructure, making it a bustling metropolis. The city offers a fusion of luxury and functionality with its strategically located condos, appealing to both locals and foreigners. These modern residences come equipped with a variety of amenities such as swimming pools, fitness centers, and 24/7 security, enhancing the overall standard of living and attracting potential tenants and buyers. Savvy investors are drawn to these impressive offerings as they guarantee attractive rental returns and significant appreciation of property values in the long run. Additionally, with the option to purchase a Condo in prime locations, the potential for growth and profit is undeniable.

Chia adds, “Despite the lukewarm demand for homes in the Central Region, the interest shown in the River Valley and Zion Road area demonstrates the attraction of this location to developers. It could be assumed that these developers have faith in the market’s potential for prime properties, especially after a prolonged period of subdued activity.”

According to Knight Frank’s estimates, owners of the units at River Valley Apartments, which range between 947 and 1,238 sq ft, stand to receive a minimum of $2 million to $2.6 million in sale proceeds if the development is sold.

The collective sale tender for River Valley Apartments will close on February 18 at 3pm. Interested parties can check out the latest listings for River Valley Apartments properties on EdgeProp Buddy, where they can also find past rental and sale transactions, as well as the profitability of these transactions. The site also features a price trend chart for River Valley Apartments.…

The Urban Redevelopment Authority (URA) has given the go-ahead for the proposed conservation of Golden Mile Tower on a voluntary basis. This would only take place if the 99-year leasehold development is successfully sold in a collective sale and the new owner intends to redevelop the property.

According to documents obtained by EdgeProp Singapore, the government has specified that if the developer chooses to conserve at least the existing cinema block, it could potentially increase the site’s permissible gross plot ratio (GPR) from 4.46 to 5.6, based on the current site area of 93,902.5 sq ft. This would in turn increase the allowable gross floor area (GFA) for the future redevelopment to 525,854 sq ft, a significant boost from its current GFA of 419,142 sq ft. Additionally, the voluntary conservation option would also grant a higher maximum building height of 164m, as opposed to the current limit of 145m.

.

One key factor to consider when investing in condos in Singapore is the impact of the government’s 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 investors and individuals purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they also contribute to the overall stability of the market, making it a more secure environment for investors. It is important to note that there are several Singapore projects that comply with these measures and offer attractive investment opportunities. As such, potential condo investors should carefully consider the government’s cooling measures and their long-term impact on the market before making any investment decisions.

In recent news, Cover Projects was awarded the tender to develop a heritage building at 26 Evans Road, located near Golden Mile Tower. The most recent attempt to sell Golden Mile Tower collectively was made in August last year, with a reserve price of $556 million. This was the third collective sale attempt by the owners of the 99-year leasehold development.

According to Anna Tan, the business development director at Tag Realty, which is the marketing agent for the collective sale of Golden Mile Tower, the reserve price for the 99-year leasehold development has remained unchanged. This would translate to a land rate of $1,350, including the cost of renewing the land tenure but not taking into account any land betterment charges.

“The increase in building height under the voluntary conservation option presents opportunities for developers to transform the property into an iconic landmark on the city skyline. It also means that the new development could potentially feature 5m floor-to-ceiling heights for commercial and hotel spaces, while residential units could offer 3.6m ceiling heights,” says Tan.

With the recent gazetting of the neighbouring Golden Mile Complex as Golden Mile Singapore, this approval for voluntary conservation of Golden Mile Tower is particularly significant. Golden Mile Singapore, which is a joint development by Perennial Holdings and Far East Organization, launched its commercial units in December last year. The new residential units, housed within a 45-storey tower, are expected to be launched in the current quarter.

“This presents a rare opportunity to redevelop Golden Mile Tower, especially considering the limited land supply along Beach Road and the boost in property values due to initiatives such as the launch of Golden Mile Singapore and the neighbouring Kallang Alive masterplan,” adds Tan.

She goes on to say that the redevelopment of Golden Mile Tower presents a unique opportunity to create a brand-new mixed-use development in a highly sought-after location along Beach Road. The heritage of the building and its potential for the future make it an attractive investment choice for both local and international investors.…

The weekend of Jan 4-5 saw a remarkable turnout at the sales gallery of Bagnall Haus at Upper East Coast, with 1,500 visitors in attendance. According to Teo Hong Lim, the executive chairman of developer Roxy-Pacific Holdings, many of these visitors were families in groups, most of whom were current residents of the East.

As one of the first new project launches of 2025, Bagnall Haus has attracted much attention. The freehold condo, which comprises of 113 units, is a redevelopment of the former Bagnall Court. The developer had acquired the site in January 2023 for $115.28 million.

Conveniently situated, the project is only a short five-minute walk from the upcoming Sungei Bedok MRT Interchange Station and Upper East Coast Bus Terminal. For those interested in the latest New Launches, they can check out the transaction prices and available units.

:

Acquiring a comprehensive understanding of the rules and constraints surrounding property ownership in Singapore is essential for international investors. When it comes to purchasing condominiums, foreign individuals face less stringent regulations compared to those for landed properties. However, it is crucial to be aware that first-time foreign buyers are subject to an Additional Buyer’s Stamp Duty (ABSD) of 20%. Despite this additional expense, the stability and potential for growth in the Singapore real estate market make it an extremely attractive option for foreign investors. This is why investing in Singapore Projects is a prime opportunity for those seeking to enter this market. Singapore Projects should be a top consideration for investors looking to enter the Singapore market.

It is worth noting that the last new project launched in the Upper East Coast Road neighbourhood was 15 years ago. In order to appeal to a wide range of buyers, including investors, owner-occupiers, singles, and families, the developer has included a variety of unit types. Ranging from one-bedroom plus flexi units at 495 sq ft to five-bedroom units at 1,528 sq ft, prices start from $1.235 million ($2,495 psf). The average indicative price, according to the developer, is around $2,450 psf.

If you’re interested in Bagnall Haus properties, you can browse the latest listings and even ask for assistance from Buddy. For a quick summary of the project, one can compare price trends of HDB, Condo, and Landed properties or explore recently launched and upcoming new launch projects.

Comparing the price trend of Condo new sale versus EC new sale can also provide valuable insights. In summary, Bagnall Haus at Upper East Coast has certainly captured the attention of many buyers, and it’s not difficult to see why.…

Why these HDB flats are worth millions

HDB flash estimates released on Jan 2, 2025 indicate a 2.5% quarter-on-quarter increase in resale flat prices in the fourth quarter of 2024, slightly slower than the 2.7% growth in the previous quarter. This marks the 19th straight quarter of price increases in the HDB resale market.

The flash estimates also show a 9.6% increase in HDB resale prices in 2024, twice the 4.9% growth recorded in 2023. However, this is still lower than the 10.4% price increase in 2022 and the 12.7% growth in 2021, according to Christine Sun, chief researcher and strategist at OrangeTee Group.

The HDB caveat data from data.gov.sg, retrieved on Jan 2, 2025 at 8:15am, has shown a slower growth rate in prices for some types of flats, as noted by OrangeTee. For instance, the median price of four-room flats increased by 2.5% compared to the 3.4% growth in the third quarter of 2024.

Similarly, two-room flats saw a 2% increase in the fourth quarter, which is slower than the 3.9% growth in the previous quarter. On the other hand, executive flats recorded a 1.2% quarter-on-quarter price increase in the fourth quarter, as compared to 1.7% in the third quarter of 2024.

In contrast, five-room flats saw a faster growth rate of 3.2% in the fourth quarter of 2024, compared to the 1.2% growth in the third quarter.

Resale Volume Down 3.6% Year-on-Year in Fourth Quarter of 2024

The resale volume in the fourth quarter of 2024 was 6,314 units, a 3.6% decrease from the 6,547 transactions in the same period of 2023. It also saw a 22.5% quarter-on-quarter decrease from the 8,142 transactions in the third quarter of 2024.

Sun attributes the decline in HDB resale transactions to the October Build-to-Order (BTO) exercise, which saw the launch of over 8,500 new flats, many of which were located in prime and desirable locations. “The attractive features of these flats, including scenic views and proximity to MRT stations, diverted demand away from the resale market towards the BTO market,” she explains.

Sales also slowed down during the year-end school holidays, when many Singaporeans tend to travel abroad. This typically leads to a decrease in house viewings and sales activities.

When contemplating an investment in a condo, it is essential to also evaluate its potential rental yield. Rental yield is the amount of annual rental income expressed as a percentage of the condo’s purchase price. In Singapore, the rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Generally, areas in high demand for rentals, like those near business districts or educational institutions, offer better rental yields. It is crucial to conduct proper market research and seek advice from real estate agents to gain valuable insights into the rental potential of a particular condo. If you are interested in learning more about condos, visit Condo for further information.

However, Wong Siew Ying, head of research and content at PropNex, attributes the slower growth rate in the fourth quarter of 2024 to government intervention in August of that year. This included a reduction of five percentage points in the loan-to-value (LTV) limit for HDB loans to 75%. “Based on the weaker sales and slower growth in the HDB resale price index in the fourth quarter of 2024, the August 2024 measures are likely to be impacting the market,” says Wong. She adds that the lower resale volume during the quarter could have also contributed to slower price growth.

Total Resale Volume in 2024 Rises 8% from Previous Year

The total resale volume in 2024 reached 28,876 units, an 8% increase from the 26,735 units in 2023 and the 27,896 units in 2022. However, this is still lower than the peak of 31,017 units in 2021.

The data, retrieved from PropNex Research and data.gov.sg on Dec 31, 2024, shows a decrease in the number of million-dollar flat transactions in the fourth quarter of 2024. There were only 283 transactions, compared to 331 in the third quarter of that year. Despite this decline, the total number of million-dollar transactions in 2024 reached a record high of 1,033 units, more than double the 469 transactions in the previous year.

Toa Payoh Town Leads Million-Dollar Resale Flat Deals in Fourth Quarter of 2024

Toa Payoh town saw the highest number of million-dollar resale flat transactions in the fourth quarter of 2024, with 58 transactions. 20 of these transactions were for four- and five-room flats at Alkaff Vista in Bidadari Park Drive, which had recently crossed the five-year minimum occupation period (MOP).

The new classification of Plus and Prime classification BTO flats may have played a role in driving more homebuyers towards HDB resale flats in central locations, says Eugene Lim, key executive officer of ERA Singapore. “These buyers may not be willing to accept the resale restrictions such as a 10-year MOP, rental restrictions after MOP, subsidy clawback upon resale, and resale income cap for future buyers.”

HDB Resale Prices Expected to Continue Rising, but at a Slower Rate in 2025

OrangeTee expects HDB resale prices to continue growing in 2025, but at a slower pace than in previous years. Prices have already reached new highs in many areas, which could pose affordability concerns for potential buyers. Sun also notes that the ongoing supply of BTO flats could help moderate price growth in the resale market. However, the extent of price stabilisation will depend on the number of BTO flats released by the government in the upcoming years.

HDB To Launch Largest Sale of Balance Flats Exercise in February 2025

In February 2025, HDB will launch its largest sale of balance flats (SBF) exercise, offering more than 5,500 flats across various towns, says Lee Sze Teck, senior director of data analytics at Huttons Asia. “Some prospective resale flat buyers may decide to wait and try their luck,” he adds.

Interest Rates Could Go Lower in 2025, Allowing Buyers to Take On Larger Loans

Interest rates could decrease in 2025, which would allow buyers to take on larger loans to purchase a new home. “Some buyers may also consider an executive condo (EC) or a resale condo,” says Lee. He projects that the million-dollar flat market may stabilise between 900 to 1,200 units in 2025.

Huttons expects HDB resale flat transactions to reach between 26,000 to 28,000 in 2025, with prices expected to increase at a slower pace of 5% to 8%.…

The latest flash estimates released by HDB on January 2nd show a 2.5% increase in resale flat prices in the fourth quarter of 2024, a slight slowdown from the previous quarter’s growth of 2.7%. This marks the 19th consecutive quarter of price increases in the HDB resale segment.

Investing in real estate is a wise choice, but the location plays a significant role in its success. This is especially true in Singapore, where the value of condos is largely influenced by their location. Properties located in central areas or near important amenities, such as schools, shopping malls, and public transportation hubs, tend to have a higher appreciation rate. This is evident in areas like Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown a positive trend. Furthermore, the demand for condos in these prime locations is amplified by their close proximity to reputable schools and educational institutions, making them a top choice for families looking to invest in real estate. For more information on upcoming Singapore projects, visit Singapore Projects.

According to Christine Sun, chief researcher and strategist at OrangeTee Group, the resale prices for HDB flats grew by 9.6% in 2024, double the 4.9% growth in 2023. However, this was still slower than the 10.4% price increase in 2022 and the 12.7% growth in 2021.

OrangeTee also notes that according to HDB caveat data from data.gov.sg, there has been a slowdown in price growth for certain flat types. The median price for four-room flats saw a 2.5% increase in the fourth quarter of 2024, a slower pace than the 3.4% growth in the third quarter. Similarly, the prices of two-room flats rose by 2% in the fourth quarter of 2024, compared to 3.9% in the previous quarter. Executive flats also registered a 1.2% increase in the fourth quarter, compared to 1.7% in the third quarter. In contrast, the prices for five-room flats saw a faster growth of 3.2% in the fourth quarter, compared to 1.2% in the third quarter.

Resale volume in the fourth quarter of 2024 was down by 3.6% year-on-year to 6,314 units from 6,547 units in the fourth quarter of 2023. It was also down by 22.5% quarter-on-quarter from 8,142 units in the third quarter.

Sun attributes the decline in resale transactions to HDB’s launch of over 8,500 new flats in the October Build-to-Order (BTO) exercise, especially in prime and desirable locations. This may have diverted demand away from the resale market towards the BTO market. Additionally, the seasonal year-end school holidays may have also contributed to the slowdown in sales activity.

However, Wong Siew Ying, head of research and content at PropNex, believes that the slower pace of growth in the fourth quarter of 2024 can also be attributed to the government’s intervention in August 2024, when the loan-to-value (LTV) limit for HDB loans was reduced by five percentage points to 75%. She believes that the August 2024 measures are likely to be working through the market, and the thinner resale volume during the quarter may have also put a drag on prices.

In 2024, there were a total of 28,876 resale transactions, which was 8% higher than the 26,735 units recorded in 2023 and the 27,896 units in 2022. However, it is still lower than the peak of 31,017 units in 2021.

The decrease in resale transactions in the fourth quarter of 2024 also led to a decrease in million-dollar flat transactions, from 331 units in the third quarter to 283 units in the fourth quarter. However, this still resulted in a record high of 1,033 million-dollar transactions in 2024, more than double the 469 transactions in the previous year.

Toa Payoh town led the million-dollar resale flat deals in the fourth quarter of 2024, with 58 transactions. 20 of these transactions were for four- and five-room units at Alkaff Vista in Bidadari Park Drive, which had recently crossed the five-year minimum occupation period (MOP).

Eugene Lim, key executive officer of ERA Singapore, believes that the new classification of Plus and Prime classification BTO flats may have driven more homebuyers to seek out HDB resale homes in central locations. These buyers may be unwilling to compromise on the resale restrictions such as a 10-year MOP, rental restrictions after MOP, subsidy clawback upon resale and resale income cap on future buyers.

Sun predicts that HDB resale prices will continue to rise in 2025, but at a slower rate than in previous years. She also notes that in many areas, prices have already reached new highs, creating affordability concerns for potential buyers. The ongoing supply of BTO flats is expected to help moderate price growth in the secondary market, but the degree of price stabilisation will depend on the number of BTO flats released in the upcoming years.

In February 2025, HDB will launch its largest sale of balance flats (SBF) exercise, offering over 5,500 flats in various towns. Some prospective resale flat buyers may decide to wait it out and try their luck in the SBF exercise. Interest rates may also go lower in 2025, allowing buyers to take on a larger loan amount to purchase a new home. This may lead some buyers to set their sights on executive condos (EC) or resale condos, which could affect the stabilization of the million-dollar flat market.

According to Huttons’ projections, there may be 26,000 to 28,000 resale flat transactions by the end of 2025, with prices expected to grow at a slower pace of 5% to 8%. ERA predicts a 3% to 6% price growth, with 26,000 to 27,000 resale units changing hands by the end of 2025. PropNex expects prices to rise by 5% to 7%, with a resale volume forecast of 29,000 to 30,000 units. Ultimately, the supply of BTO flats in 2025 is expected to be reduced, leading to buyers turning to the resale market, which may keep prices firm.…

Roxy-Pacific Holdings, a leading property developer, will be revealing their latest project, Bagnall Haus, on Saturday, Jan 4. This 113-unit development, located along Upper East Coast Road, is a freehold project that was acquired by Roxy-Pacific in February 2023 for $115.28 million. With a land rate of $1,106 psf ppr, the former Bagnall Court will now be transformed into a modern and stylish low-rise, five-storey block, boasting 113 residential units and two shop units.

The units in Bagnall Haus are designed to cater to various needs, ranging from one-bedroom plus flexi apartments starting at 495 sq ft to spacious five-bedroom units of 1,528 sq ft. Prices for a one-bedroom plus flexi unit start from $1.235 million ($2,495 psf). According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the average indicative price for this development will be $2,450 psf. The official launch date for Bagnall Haus will be announced after the preview weekend.

Future residents of Bagnall Haus will enjoy convenient access to transportation as it is less than a five-minute walk to the upcoming Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines, slated for completion in 2028. The project is also a short walk to the Upper East Coast Bus Terminal. Additionally, the upcoming Bayshore precinct, located just across the road, will house a mix of commercial and residential developments, providing more amenities for the residents of Bagnall Haus, as highlighted by Roxy-Pacific’s Teo.

The last private condo launched in the Upper East Coast area of District 16 was the 75-unit, freehold boutique apartment project, Eastwood Regency by Fragrance Group, in 2010. The neighbouring 160-unit, freehold Country Park Condo by UOL Group was launched for sale in 1999. Another neighbouring development is the 99-year leasehold mixed-use Eastwood Centre, built in 1996 by Ho Bee Land. These developments, along with Bagnall Haus, provide a range of properties for buyers and investors to choose from in this sought-after location.

Residents of Bagnall Haus will also have easy access to various amenities in the vicinity. The upcoming Bedok Food Court and the Eastwood Centre, with a Cold Storage supermarket, medical clinic, dentist, nail and beauty spa, and a pet shop, are just some examples. For families with school-going children, there are several schools in the area such as Temasek Primary and Secondary School, Bedok Green Primary School, and Anglican High School.

Investing in a condo comes with its own advantages, one of them being the opportunity to leverage its value for further investments. It’s common for investors to use their condos as collateral to secure extra funding for new investments, which ultimately helps in expanding their real estate portfolio. However, it’s important to keep in mind that this strategy can bring higher returns but also carries certain risks. Therefore, it’s crucial to have a well-thought-out financial plan in place and consider the potential impact of market fluctuations on your Condo investment.

To stay updated on the latest developments in Bagnall Haus, you can check out the available listings on the market, or ask Buddy, your personal real estate assistant for more information. You can also compare prices trends of HDB, condo, and landed properties in the area to make an informed decision. With the launch of Bagnall Haus, there are now a total of __ units available for buyers and investors.…

When it comes to investing in real estate, location is a crucial factor to consider, especially in Singapore. The value of condos in prime locations, such as central areas or those near important amenities like schools, shopping malls, and public transportation hubs, tends to appreciate significantly. In Singapore, areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. This makes them popular choices for property investment. Additionally, condos in these areas are highly sought after by families due to their proximity to good schools and educational institutions, further increasing their investment potential. Consider investing in a Singapore Condo for a prime location and strong investment potential.

On 3rd January, City Developments Limited (CDL), Frasers Property and Sekisui House will be giving a sneak peek of their upcoming project, The Orie. The official launch of this private condominium will take place on 18th January. Situated at the intersection of Lorong 1 Toa Payoh and Lorong 4 Toa Payoh, The Orie boasts 777 residential units spread across two 40-storey towers. The unit types vary from one-bedroom plus study apartments starting from 517 square feet to five-bedroom apartments spanning 1,453 square feet. Prices of the units are as follows: one-bedroom plus study units at $1.28 million ($2,476 psf), two-bedroom units at $1.48 million ($2,500 psf), three-bedroom units at $2.09 million ($2,459 psf), four-bedroom units at $2.92 million ($2,401 psf), and five-bedroom units with exclusive private lifts at $3.48 million ($2,395 psf).Those looking for other newly launched developments and information on transaction prices and units available can conduct a search through EdgeProp’s New Launches.The Orie is the first private condo launch since 2016, when the 578-unit Gem Residences was launched and completed in 2020. The three major developers have teamed up and submitted the highest bid for a Government Land Sales (GLS) site at Lorong 1 Toa Payoh. Their joint bid of $968 million translates to a land rate of $1,360 psf per plot ratio (ppr) for the site. The CDL-Frasers Property-Sekisui House joint venture will split the project 50:25:25 respectively.”We are thrilled to start off the New Year by launching The Orie, the first private residential project in Toa Payoh in more than eight years,” says Sherman Kwek, CDL’s group CEO. “Located in the bustling and highly sought-after Toa Payoh neighbourhood, buyers will enjoy its central locale and excellent connectivity.”The Orie is conveniently located a mere five-minute walk from Braddell MRT Station on the North-South Line (NSL). For those looking to move around by car, the condominium is near the Toa Payoh Integrated Transport Hub, which directly connects to the Toa Payoh Bus Interchange and the MRT station. The new 12-hectare integrated development and community hub is expected to be completed by 2030. The hub will feature a sports centre with swimming pools, indoor sports halls, and other sports facilities, a football stadium, a polyclinic, and a public library.The Orie, with 777 units, is the first private condo project to be launched in Toa Payoh in over eight years (Photo: EdgeProp Landlens)The area offers an abundance of other amenities, including the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall, and MacRitchie Reservoir. Families with school-age children will find many options in the vicinity too, including Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, and First Toa Payoh Primary School.You may also want to check: ANALYSIS: HDB towns with the highest number of million-dollar dealsAdvertisementAdvertisementHealthcare facilities in the nearby area of The Orie are aplenty, ranging from Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital to Thomson Medical Centre.Situated within District 12 in the city fringe, also classified as the Rest of Central Region (RCR), The Orie offers easy access to both the Central Business District (CBD) and the Orchard Road shopping belt. Soon Su Lin, CEO of Frasers Property Singapore, says that the development is also highly energy efficient, boasting over 40 condominium facilities and apartments with smart and functional layouts. Furthermore, the units will be fitted with quality fixtures and fittings from well-known premium brands such as Hansgrohe, Duravit, De Dietrich, and Samsung.The Orie marks the first collaboration between Japanese developer Sekisui House and CDL. Takehisa Yanagi, managing officer and head of international development department at Sekisui House, shares that the two companies have worked together on projects in Singapore for the past 13 years.Tracking Back: Latest transactions at Gem ResidencesThe 578-unit Gem Residences at Lorong 5 Toa Payoh was launched in 2016 and completed in 2020 (Photo: EdgeProp Buddy)Browse available listings of The Orie propertiesAsk BuddyProject summary for The Orie condoCompare price trend of New sale condo vs Resale condoRecently launched projectsProjects that obtained TOP recentlyBrowse district 12 condosProject summary for The Orie condoCompare price trend of New sale condo vs Resale condoRecently launched projectsProjects that obtained TOP recentlyBrowse district 12 condos

The 777-unit The Orie is set to be launched on 18th January, with City Developments Limited (CDL), Frasers Property and Sekisui House giving a sneak peek on 3rd January.This private condo occupies the intersection of Lorong 1 Toa Payoh and Lorong 4 Toa Payoh. The 777 units are in two 40-storey blocks. The various units range from one-bedroom plus study units of 517 sq ft to 5-bedroom apartments of 1,453 sq ft. The prices are:$1.28 million ($2,476 psf) for 517 sq ft one-bedroom plus study;$1.48 million ($2,500 psf) for 592 sq ft two-bedroom;$2.09 million ($2,459 psf) for 850 sq ft three-bedroom;$2.92 million ($2,401 psf) for 1,216 sq ft four-bedroom; and$3.48 million ($2,395 psf) for 1,453 sq ft five-bedroom with an exclusive private lift.Visit EdgeProp’s New Launches to see the current New Launches and pricing informationAdvertisementAdvertisementThe Orie is the new condominium launched since 2016 when the 578-unit Gem Residences was launched, and construction completed in 2020.The three real estate companies offered the highest bid for a Lorong 1 Toa Payoh government land sales (GLS) site. Their joint bid of $968 million equates to $1,360 psf per plot ratio (ppr). The joint venture involves dividing the project equally into 50:25:25 between CDL, Frasers Property and Sekisui House.”We are excited to be launching The Orie, the first private residential project in Toa Payoh in more than eight years, as we welcome the New Year,” says Sherman Kwek, CDL’s CEO. “Its location in the lively and highly sought-after Toa Payoh area allows homeowners to take advantage of its central location and exceptional connectivity.”The Orie is only a five-minute walk away from Braddell MRT Station on the North-South Line (NSL). The condo is just off the Toa Payoh Integrated Transport Hub, an interlink between Toa Payoh MRT Station and Toa Payoh Bus Interchange. The new and integrated 12-ha development and community hub is scheduled for completion in 2030. It will also have a swimming pool facility, indoor sports halls, football stadium, polyclinic and public library as well as other sports facilities.Other amenities such as Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and MacRitchie Reservoir are all near The Orie.The Orie, which has 777 units, is the first private condo project launched in the area in eight years.- This story was updated in January 3 in view of the initial scheduled date of the property launch was moved forward, with more details of the project ‘s selling prices. (Loh Kok Han, 2019)Browse The Orie propertiesAsk BuddyProject summary for The Orie condo Compare price trend of New sale condo vs Resale condoRecently launched projectsProjects that obtained TOP recentlyBrowse condo listings in District 12Project summary for The Orie condoCompare price trend of New sale condo vs Resale condoRecently launched projectsProjects that obtained TOP recentlyShow me condo listings in District 12

City Developments Limited (CDL), Frasers Property and Sekisui House will unveil the 777-unit The Orie on Jan 3, with its official launch set for Jan 18.The freehold private condo is located at Lorong 1 Toa Payoh, at the junction with Lorong 4 Toa Payoh. The 777 units are split between two 40-storey towers. Units range from one-bedroom plus study from 517 sq ft, to five-bedroom apartments of 1,453 sq ft.Prices start from:$1.28 million ($2,476 psf) for a 517 sq ft one-bedroom plus study;$1.48 million ($2,500 psf) for 592 sq ft two-bedroom;$2.09 million ($2,459 psf) for an 850 sq ft three-bedroom;$2.92 million ($2,401 psf) for a 1,216 sq ft four-bedroom; and$3.48 million ($2,395 psf) for a 1,453 sq ft five-bedroom with an exclusive private lift.Visit our New Launches section to find out the latest New Launch and available units pricesAdvertisementAdvertisementThe Orie is the first new private condo launch…