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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.…

In summary, purchasing a condominium in Singapore offers a multitude of benefits, such as a high demand for housing, potential for increasing property value, and attractive rental yields. Nonetheless, it is crucial to carefully take into account various factors before making this investment, including the location, financing options, government regulations, and current market conditions. With thorough research and guidance from experts, investors can make well-informed decisions and maximize their profits in Singapore’s ever-evolving real estate industry. Whether you are a local investor looking to diversify your investment portfolio or a foreign buyer searching for a stable and lucrative opportunity, Singapore’s condominiums are an alluring choice. For more information about available projects in Singapore, consider visiting Singapore Projects.

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The recently released Emerging Trends in Real Estate Global Outlook by PwC and the Urban Land Institute (ULI) highlighted low yields and sluggish transaction volumes as top concerns among property investors in the Asia Pacific (APAC) region. The report gathered insights from global asset managers, including prominent firms like Blackstone, Savills Investment Management, and CBRE Investment Management. According to the survey, more than 70% of respondents identified low yields, persistently high interest rates, and geopolitical tensions as the biggest worries for investors.

The report also pointed out that despite these concerns, APAC still remains an attractive option for diversification purposes due to its growing population and other demographic indicators, as well as its varying monetary policies, such as Japan’s recent decision to increase short-term interest rates. In the previous year, APAC saw a 13% year-on-year increase in real estate transactions, outperforming other regions like Europe, Middle East and Africa (EMEA) and the Americas.

However, as Europe and North America gear up for a new capital markets cycle, with transaction volumes expected to rise in both regions, APAC’s transaction volumes are projected to remain slow. This is evident in the declining liquidity in the region, with a drop in transaction volume last year. In China, transactions fell by 25% year-on-year to US$418.3 billion ($557.6 billion), while Hong Kong SAR saw a 1% year-on-year dip in transaction volume to US$15.7 billion ($20.9 billion).

Investors in Europe are grappling with different concerns, with international political instability, escalation of conflicts, and economic growth being the top three worries among asset managers. Data from MSCI, a leading US-based research and data analytics company, show that commercial property prices in the US stabilized last year, registering only a 0.7% decline. As a result, investors may shift their attention and capital to these regions in the coming months.

The report also highlighted data center assets as the most promising investment and development opportunities in all three regions by 2025. According to research by New York-based firm Green Street, the demand for data centers reached record levels in the previous year, with asking rents growing at a double-digit rate. MSCI’s latest research also predicts 2024 to be a standout year for data centers, with a projected increase of over 60% in single property and portfolio acquisitions in the US. In September, Blackstone and the Canada Pension Plan Investment Board (CPP) closed a deal worth over US$16 billion ($21.3 billion) to acquire data center company AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board, making it the largest commercial real estate deal in APAC and globally for 2024.…

A rare 999-year leasehold conservation shophouse at 20 Liang Seah Street has been put up for sale at a guide price of $15 million. The property, which will be sold through an expression of interest (EOI) exercise by SRI Capital Market, serves as the exclusive marketing agent.

The three-storey shophouse is situated on a 1,129 sq ft plot and is classified under the latest Master Plan as “residential and commercial” with a gross plot ratio of 4.2. It has a built-up area of 2,635 sq ft, translating to a guide price of $2,635 per square foot.

The property’s ground and second floors have been approved for restaurant use, while the top floor is currently leased as residential space. It falls within the Beach Road secondary settlement conservation area, allowing for new extensions of up to five storeys, subject to necessary approvals.

According to Low Choon Sin, managing partner of SRI Capital Market, the shophouse is ideal for end-users such as F&B tenants or corporate offices, as the residential space on the third floor can accommodate staff. The shophouse also boasts a prominent frontage along Liang Seah Street, with high vehicular traffic during the day. It is also in close proximity to the bustling restaurants and shops in Bugis.

Investing in a Singapore condo calls for careful consideration of the property’s maintenance and management. Typically, condominiums require the payment of maintenance fees, covering the upkeep of shared areas and facilities. While this may add to the overall cost of ownership, it offers the assurance that the property will retain its condition and value. Hiring a property management company can prove beneficial for investors in overseeing the day-to-day operations of their Singapore Condo, making it a more convenient and hassle-free investment.

Low adds that the 999-year leasehold tenure offers investors a long-term holding opportunity, taking advantage of the rejuvenation of Bugis with the completion of new landmark developments such as Guoco Midtown and the upcoming Shaw Towers, which will add to the vibrancy of the area.

The EOI exercise for the sale of 20 Liang Seah Street will end on April 10.…

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The government’s property cooling measures are a crucial factor to consider when investing in condos in Singapore. In an effort to maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. One such measure is 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 promote the long-term stability of the market, creating a secure investment environment. Additionally, staying up to date on new condo launches, such as those available at New Condo Launches, can also provide valuable insights and opportunities for condo investment in Singapore.

The recent boardroom feud at City Developments (CDL) seems to have been resolved, with executive chairman Kwek Leng Beng deciding to drop any legal action against a group of board directors led by his son, group CEO Sherman Kwek. Along with Kwek Leng Beng and Sherman, two newly appointed independent directors, Jennifer Duong Young and Su Yen Wong, will continue to serve on the board. This move reflects a decision by all board members to set aside their differences and focus on the success of CDL and its stakeholders. The board will remain committed to upholding good corporate governance in all aspects of the company’s operations, including completing ongoing developments in Singapore and globally, expanding the Millennium & Copthorne brand, and maximizing shareholder value. This resolution marks the end of a tumultuous period for CDL, allowing the company to move forward and continue its growth strategies.…

When considering Condo investments in Singapore, it is crucial to carefully assess the government’s property cooling measures. These measures were put in place by the Singaporean government to ensure a stable real estate market and discourage speculative buying. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign investors and those purchasing multiple properties. Although these measures may initially impact the immediate profitability of Condo investments, they ultimately contribute to the long-term stability of the market. This makes investing in Condos a more secure and sustainable option, making it an attractive and lucrative investment decision.

Steve Leung Design Group (SLD), headed by acclaimed architect and designer Steve Leung, is making its mark in the European market through a partnership with Italian designer Andrea Bonini. The Hong Kong-based firm, which is listed on the stock exchange, is branching out with a new division called SLD . Andrea Bonini, offering interior design services and products to clients in both Asia and Europe. The range covers high-end residential projects to luxurious hospitality spaces.

The collaboration will officially launch in April at the Salone del Mobile, the prestigious furniture fair held annually in Milan. This event will also unveil the brand’s first collection, a smart home lighting series created in collaboration with renowned smart home manufacturer Moorgen.

This marks SLD’s first venture outside of its home base. In a statement released on March 11, the company explains that this move is part of a new strategic direction focused on reinvigoration, diversification, and globalization. With a distinguished 28-year legacy in the design industry and a strong competitive advantage, SLD aims to enhance the lifestyles of clients across the globe through its innovative designs.…

markCapitaland Group has signed a deal with Microsoft to utilize artificial intelligence (AI) and advanced technologies in their operations. As part of this collaboration, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, giving them access to Microsoft platforms, services, and solutions to enhance customer engagement and improve operational efficiency across their various businesses. This partnership will also explore potential opportunities for collaboration in infrastructure development, data center design, and digital and business transformation efforts using Microsoft’s Azure cloud computing platform. Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, believes this collaboration with Microsoft is a significant step in their digital transformation journey and will play a vital role in shaping their future with operational efficiencies and creating value for all stakeholders.

In addition to the partnership with Microsoft, CapitaLand Investment (CLI) has also entered into an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalization and integration of AI in CLI’s retail ecosystem. This includes initiatives such as adopting and testing AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness, as well as developing AI-focused skills and competency among retail tenants.

This collaboration between CapitaLand and Microsoft, as well as the partnership with SBF, showcases CapitaLand’s commitment to leveraging AI and advanced technologies in their businesses to drive innovation and enhance the overall customer experience. With these initiatives, CapitaLand is poised to stay at the forefront of the industry in the digital era.

When it comes to investing in Singapore, foreign investors must have a thorough understanding of the various regulations and restrictions concerning property ownership. Unlike landed properties, purchasing condos is relatively unrestricted for foreigners. However, they are still subject to the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their first property purchase. Despite this extra cost, the Singapore real estate market’s stability and potential for growth remains a major draw for foreign investment. In fact, many foreign investors are drawn to various Singapore Projects due to their promising prospects.…

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In a move to accelerate its digital transformation journey, Capitaland Group has recently signed a memorandum of understanding (MoU) with Microsoft. This partnership will allow Capitaland to leverage the power of artificial intelligence (AI) and other advanced technologies across its businesses.

Investing in real estate is a strategic move that requires careful consideration, and in Singapore, location plays a crucial role. One of the key indicators of a successful investment is the location of the property, as it can greatly affect its value. In Singapore, condos that are situated in central areas or near important amenities such as schools, shopping malls, and public transportation hubs are highly sought after and tend to appreciate more in value over time. Some of the most coveted locations in the country include Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown strong growth. Moreover, condos in these prime locations also offer proximity to reputable schools and educational institutions, making them even more desirable for families. With all these factors in mind, it is not surprising that investing in a condo in these areas is considered a wise and lucrative decision. For more options and information on new condo launches, visit New Condo Launches.

As part of the deal, Capitaland will be joining Microsoft Singapore’s AI Pinnacle Program, which will provide the company with access to a range of Microsoft platforms, services, and solutions. This will enable the company to enhance customer engagement and improve operational efficiency across its funds, investments, retail, lodging, and development businesses.

One of the specific areas of collaboration outlined in the MoU is infrastructure development. Capitaland will be looking to utilize Microsoft’s Azure cloud computing platform to develop its data center designs and products, as well as integrating AI, data analytics, and machine learning to drive its digital and business transformation efforts.

“Our collaboration with Microsoft is a significant milestone in Capitaland’s digital transformation journey,” says Quah Ley Hoon, Group Chief Corporate Officer of Capitaland Investment. “We believe that AI will play a crucial role in shaping our future, helping us to achieve operational efficiencies and create value for our stakeholders.”

In addition to the MoU with Microsoft, Capitaland Investment (CLI), Capitaland’s real asset management arm, has also signed an MoU with the Singapore Business Federation (SBF). The aim of this partnership is to establish a framework for digitalisation and the integration of AI across CLI’s retail ecosystem.

Under the agreement, CLI will work with SBF to facilitate the adoption and proof of concept for AI, data analytics, and cybersecurity solutions among its retail tenants. The companies will also collaborate on developing AI-focused competencies and skills within the retail ecosystem.

The partnership with Microsoft and SBF is a significant step forward for Capitaland in its digital transformation journey. Through its use of advanced technologies and AI, the company is looking to enhance its business operations, increase its competitiveness, and create value for its stakeholders.…

ERA Realty Network is currently offering a unique opportunity to purchase a collection of 14 retail shops located at Peninsula Plaza, Sim Lim Square, and Far East Plaza. These properties, with a total price of $26.46 million, are available for sale through an expression of interest (EOI) exercise.

Of the 14 units, two are situated at Peninsula Plaza, a 999-year leasehold mixed-use development on North Bridge Road. These adjoining ground-floor shop units have a combined strata area of approximately 990 sq ft and are currently asking for $8 million, or $8,081 psf.

Peninsula Plaza, completed in 1980, is a 30-storey commercial development that features a six-story retail podium and a 24-storey office tower. Its prime location is connected to the City Hall MRT Interchange Station, providing easy access to both the North-South and East-West lines.

At Sim Lim Square, 11 strata units, all on the fifth floor with a total strata area of 5,081 sq ft, are also available for sale. Zoned for commercial use, these units have a 99-year lease that commenced in April 1983, leaving approximately 57 years remaining. The majority of these units are currently tenanted. The shops face the mall’s main atrium and have direct access from the escalators and lifts.

These Sim Lim Square units can be purchased collectively or individually, with prices starting from $840,000 for a single unit. The entire portfolio is priced at $15.855 million, which ERA states is a 20% discount from its latest valuation. This works out to $3,120 psf on the strata area.

Sim Lim Square, completed in 1987, is a strata-titled commercial development with 492 units spread across six floors and two basement levels. It is located on Rochor Canal Road in District 7.

Lastly, a freehold retail unit at Far East Plaza on Scotts Road is also available for sale. Situated on the second floor, this unit offers a strata floor area of 355 sq ft and faces the escalator near the mall’s main entrance. It is currently priced at $2.6 million, or $7,324 psf.

Far East Plaza, completed in 1982, is a freehold mixed-use development that comprises a five-storey retail mall and serviced apartments. Its prime location is within walking distance of Orchard Road MRT Station.

According to Donald Goh, Director of Capital Markets and Investment Sales at ERA, the properties for sale at Peninsula Plaza, Sim Lim Square, and Far East Plaza will attract interest from both property investors and business owners. Goh also notes that strata retail sales in the Downtown Core and Orchard Planning Area remained resilient last year, with 28 and 33 deals recorded in each area, respectively. He adds, “A ground floor unit at Lucky Plaza was sold for $15,242 psf while units at Orchard Towers and The 101 were sold for $5,309 psf and $5,657 psf, respectively, a testament that strata retail shops are still an attractive investment.”

When considering an investment in a condo, it is crucial to assess its potential rental yield. Rental yield refers to the annual rental income expressed as a percentage of the property’s purchase price. In Singapore, condos can offer varying rental yields based on factors such as location, property condition, and market demand. Generally, areas with high rental demand, like those near business districts or educational institutions, tend to provide better rental yields. To gain a better understanding of a condo’s rental potential, thorough market research and consultations with real estate agents can be beneficial. Additionally, keeping an eye out for new condo launches in the market can also provide valuable insights.

The EOI for these properties will close on April 17 at 3pm. Interested parties can check out the latest listings for Peninsula Plaza properties on ERA’s website.…

GuocoLand, a leading Singapore-based real estate company, has recently secured a green club facility worth $367.1 million from DBS Bank for the development of its Faber Walk site. This residential land parcel was acquired through a Government Land Sale tender in November last year, jointly by GuocoLand, TID, and Hong Leong Holdings. The bidding process saw the partners offer the highest bid of $349.86 million, which translates to $900 per square feet (psf) for the 277,659 square feet site.

The upcoming project is set to feature 399 residential units spread across nine low-rise blocks. It will be located in the Faber Walk landed private residential enclave, adjacent to the Faber Hills estate. This waterfront development boasts a prime location next to the scenic Pandan River and the soon-to-be-open Old Jurong Line Nature Trail.

In order for international investors to enter the Singapore real estate market, it is crucial to have a clear understanding of the regulations and limitations surrounding property ownership. While foreigners face less restrictions when purchasing condos, they must adhere to stricter rules when it comes to buying landed properties. Additionally, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) which currently stands at 20% for their first property purchase. Despite these added expenses, the stability and potential for growth in the Singapore real estate market remains a major draw for foreign investment. As a result, many are looking to invest in properties such as Singapore Condos in order to capitalize on the lucrative opportunities in this market.

The green facility secured by GuocoLand for the Faber Walk project is aligned with their commitment to sustainable development. It complements the company’s existing initiatives towards environmental stewardship in its other developments such as Guoco Tower on Wallich Street, Guoco Midtown on Beach Road, Midtown Modern on Tan Quee Lan Street, and Lentor Mansion in Lentor Gardens.

According to Dora Chng, residential director of GuocoLand, the company is looking forward to utilizing its end-to-end value chain capabilities to create sustainable developments with biophilic designs for the future residents of Faber Walk. This philosophy is in line with the success seen by their previous launches, like Lentor Modern and Lentor Mansion in Lentor Hills estate.

The Faber Walk development is planned to achieve the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion. GuocoLand’s upcoming project is a joint venture with Hong Leong Holdings and is set to feature 941 residential units on its Upper Thomson Road (Parcel B) site. The project is scheduled to launch in the second half of the year.…