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PropNex, Singapore’s largest real estate agency, has announced a decline in earnings of 14.9% year-on-year to $21.9 million for the second half of FY2024 ended on December 31, 2024. This brings the full-year earnings to $40.9 million, representing a 14.4% drop compared to the previous FY2023.

The decrease in revenue of 6.6% for FY2024 as compared to FY2023 can be attributed to the relatively subdued property market. However, in celebration of its 25th anniversary, PropNex plans to pay a special dividend of 2.5 cents per share on top of a final dividend of 3 cents. This will bring the total dividend payout for FY2024 to a record of 7.75 cents, with a payout ratio of 140.1% and a yield of 8.2%.

Despite the lower earnings for the year, PropNex has observed an increase in activity in the last quarter of 2024, driven by a surge in new private home units which the agency helped to sell. This is also reflected in DBS’s recent upgrade of PropNex and APAC Realty to “buy”, citing a strong pipeline of new launches in 2025.

According to PropNex, the financial effects of these sales will only be reflected in its current 1HFY2025 numbers after three to four months, indicating a significant pick-up in the market. The company is optimistic about a strong performance in FY2025, barring any unforeseen events, given the positive outlook for the property market.

The strong demand for new homes is supported by an estimated 13,000 new unit launches (including ECs), almost double the supply in 2024. The private resale market is expected to remain active with transaction volumes ranging between 14,000 and 15,000 units, driven by a persistent price gap between new and resale properties, a preference for larger, move-in-ready homes, and limited new supply completions.

In the HDB resale market, PropNex predicts a price growth of 5% to 7% and transaction volumes between 29,000 and 30,000 units. The agency believes that the limited supply of five-year minimum occupation period flats and sustained demand from urgent homebuyers, unsuccessful Build-To-Order applicants, and budget-conscious families will continue to support this segment.

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Investing in a condominium, or condo, in Singapore is a wise decision for investors, both local and foreign. This country has become a prime location for real estate investments due to its strong economy, stable political climate, and exceptional quality of life. The real estate market in Singapore has seen a surge in popularity, with condos being a top choice for investors due to their convenience, amenities, and potential for high returns. In this article, we will explore the benefits, factors to consider, and steps to take when investing in a condo in Singapore.

PropNex has observed strong market interest in newly-launched projects such as The Orie, Bagnall Haus, Parktown Residence, and ELTA. The agency is optimistic about a positive demand for developers’ sales in 2025, with an attractive line-up of projects. A positive economic outlook and lower mortgage rates may also boost market confidence, encouraging opportunities for both homebuyers and investors.…

A 999-year leasehold shophouse with an attic is now available for sale at 209 Jalan Besar. The property, marketed by Gracelynn Zhu of PropNex Shophouse Elites, is being sold through private treaty for “below $20 million”.

Located in a prime location, the corner two-storey shophouse boasts a total area of approximately 5,502 sq ft and is zoned for commercial use. The first floor is approved for restaurant use, as well as a portion of the second floor. With a $20 million price tag, the property’s price per square foot (psf) works out to be $3,635 on the floor area.

According to the map, the property is situated in the Desker Road Conservation Area in District 8, in close proximity to Little India. It is also within walking distance to the Jalan Besar MRT Station on the Downtown Line.

The shophouse is currently undergoing asset enhancement initiatives (AEI), which includes the installation of micro piles that extend 30m to enhance the property’s structural foundations. The AEI is slated to be completed this year.

Investing in a Singapore Condo offers numerous benefits, one of which is the opportunity to leverage the property’s value for further investments. This means that investors can use their condo as collateral to obtain financing for new investments, allowing them to expand their real estate portfolio. While this can lead to higher returns, it’s important to have a solid financial plan in place and carefully consider the potential impact of market fluctuations. By utilizing this strategy, investors can potentially see a significant increase in their returns, making condo investment a wise choice for those looking to grow their wealth.

In the past year, the shophouse market has remained relatively quiet with 84 caveated transactions recorded by Huttons. Despite this, the market is expected to pick up in 2024 with the revitalisation of Smith Street by the Chinatown Business Association, and new and traditional lifestyle concepts being introduced.…

The Asia Pacific (APAC) hotel sector is set to experience strong investment activity in 2025, as per the latest findings from a survey conducted by CBRE. The 2025 Asia Pacific Hotel Investor Intentions Survey, conducted in November and December last year, revealed that over 72% of hotel investors plan to purchase more hotel assets this year.

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One of the most crucial elements in investing in a condo is securing appropriate financing. This is particularly crucial in Singapore, as there are a variety of mortgage plans available for potential buyers. However, it is vital to have a clear understanding of the Total Debt Servicing Ratio (TDSR) framework before making any financial decisions. This framework sets limits on the loan amount that an individual can obtain based on their income and existing debt commitments. To navigate this complex process, it is recommended to seek guidance from financial experts or mortgage brokers. Familiarizing oneself with the TDSR and seeking professional advice can enable investors to make well-informed decisions about their financing options, thus avoiding the pitfalls of over-leveraging their condo investment.

Out of the respondents, 45% expressed their intention to increase their purchase volume by more than 10% this year. According to Steve Carroll, head of hotels, capital markets, Asia Pacific at CBRE, after performing well over the past 18 months, investors expect hotel and living assets in APAC to have the most positive pricing expectations in 2025.

The survey found that the rebound in tourist arrivals, especially in places such as Japan, Singapore, and Australia, is driving the healthy buying intentions. This has led to an increase in hotel room rates, ensuring continued income growth for hotel operators in the region.

Furthermore, investors are encouraged by the limited hotel supply in APAC. According to CBRE, the hotel supply pipeline in APAC is projected to grow at a CAGR of 2.2% between 2024 and 2028, which is significantly lower than the 5% CAGR recorded between 2013 and 2023.

The breakdown of investment intentions by investor type showed REITs having the highest net buying intentions, at 22%. This is a significant contrast from the -13% recorded in last year’s survey. The report states that after several years of negative net investment intentions, REITs are now planning to buy more assets in 2025.

Institutional investors and property funds follow closely behind, with net buying intentions of 12% and 10% respectively. CBRE noted that private equity and real estate funds were more active in 2024, and the momentum is expected to continue in 2025.

However, private investors and high-net-worth individuals are likely to drive fewer hotel acquisitions this year. These buyers, who were the most active in the past two years, are expected to be more involved in selling activities this year to capitalize on the improving market sentiment after acquiring assets at lower prices.

The survey found that respondents favored a value-add strategy for investments in 2025. In select markets, assets have been priced in a way that investors believe they can achieve value-add returns by acquiring assets with core risk profiles. This has led to the upscale and upper midscale hotel categories being ranked as the most attractive asset types for investment, surpassing the upper upscale category that was at the top in last year’s survey.

The report explains that this shift is due to the operational flexibility and greater potential for value-added opportunities offered by the upscale and upper midscale segments. These opportunities include redevelopment, adaptive reuse, and rebranding of existing properties, which provide a more cost-effective alternative to new developments. Additionally, these segments typically have a leaner labor pool compared to higher-tier assets, reducing labor and cost pressures.

In line with this, investors are also turning to long-stay or hybrid hospitality models, with a growing appetite for converting assets into co-living spaces. This trend is expected to gain traction in markets such as Japan, Hong Kong, and Singapore, where there is a demand for affordable accommodation in relatively inflexible rental markets.

Another emerging trend is an increased preference for assets with vacant possession at the time of acquisition, allowing for more flexibility in terms of operator selection and refurbishment works. Limited-service hotels have also seen a rise in interest from respondents, as investors focus on minimizing operational costs.

Tokyo retained its top position as the preferred city among hotel investors, supported by low interest rates and stable income streams generated by hotel properties. Osaka also made it to the top five cities for similar reasons. Singapore and Sydney were also ranked among the top cities, with CBRE attributing it to strong hotel fundamentals, including growth in daily rates and underlying operating profits. Seoul also stood out, with an increase in daily rates driven by more visitors from mainland China, leading to a rise in investor activity in recent months.

Overall, the survey showed that investors are confident about the APAC hotel sector’s potential in 2025, with strong buying intentions fueled by a rebound in tourism and limited hotel supply. This optimistic outlook is also supported by the shifting preferences towards the upscale and upper midscale segments, as well as emerging trends such as long-stay and hybrid hospitality models.…

The recent merger of ETC (formerly known as Edmund Tie) and OrangeTee Group has been announced in a joint press release on Feb 24. The two companies will form a new holding company, although the name of the company is yet to be disclosed. According to Desmond Sim, CEO of ETC, this is a collaboration of two equal parties, not an acquisition.

Sim, who will take on the role of group CEO for the merged entity alongside his current position as CEO of ETC, will work alongside Justin Quek, the current CEO of OrangeTee & Tie who will serve as the deputy group CEO of the new holding company.

After the merger, ETC will focus on consultancy and advisory services while OrangeTee will concentrate on proptech and its real estate agency business, supported by its network of 2,803 salespersons registered with the Council for Estate Agencies (CEA) as of Feb 24. OrangeTee & Tie’s CEO, Justin Quek, will assume the role of deputy group CEO of the new holding company post-merger.

The combined entity will have over 520 staff, in addition to the 2,803 salespersons. Sim says that by pooling their expertise, resources and networks, they can achieve significant growth, create value for all stakeholders and achieve the scale required to thrive in the current dynamic real estate landscape.

This is not the first collaboration between the two companies. In August 2017, they merged their associates’ business under a new entity, OrangeTee & Tie, which had a sales force of over 4,000 agents and propelled the company to the third spot among the top three agencies. After the joint venture, former Edmund Tie took a 20% stake in OrangeTee & Tie. This year marks the 30th anniversary of ETC.

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Investing in a condo in Singapore offers numerous benefits, one of which is the potential for capital appreciation. The country’s advantageous position as a global business hub, along with its robust economic foundations, fuels a constant demand for real estate. Through the years, Singapore’s property values have continually increased, particularly in prime locations where condos have experienced considerable appreciation. Savvy investors who enter the market at the opportune moment and maintain ownership of their properties for an extended period can reap substantial profits. Singapore Projects presents a promising opportunity for investors to capitalize on this trend.

The latest merger between ETC and OrangeTee was facilitated by Triplestar Holdings and TH Investments, which acquired a stake in ETC after a management buyout in 2016. As some of the original shareholders retired, the company bought back their shares, increasing Triplestar and TH Investments’ stake to about 60%. Today, Triplestar Holdings and TH Investments own 100% of ETC. ETC is celebrating its 30th anniversary this year.

OrangeTee Group was incorporated in 2000 and will celebrate its 25th anniversary this year. It is an investment holding company, which is led by the board of directors and supported by the C-suites comprising Quek, CEO of OrangeTee & Tie; Marcus Oh, managing director of OrangeTee Advisory; Teo Yak Huat, CFO and Christine Sun, chief researcher & strategist.

With a strengthened brokerage and consultancy team supported by advanced proptech, Quek believes that they are ready to scale their capabilities and provide innovative, seamless solutions across all real estate sectors.

Stakeholders in OrangeTee Group include Tokyu Livable Inc. which acquired a 22.5% stake in the firm in 2014. Tokyu Livable is one of Japan’s largest real estate agencies with 198 offices nationwide, and a subsidiary of Tokyu Fudosan Holdings – the real estate business of giant conglomerate Tokyu Group. Vogue Capital Group, a private property fund, also has a stake in OrangeTee Group.

Both Vogue Capital and Tokyu Livable will hold a stake in the new holding company after the merger along with Ng’s Triplestar Holdings and TH Investments. ETC’s joint venture in Malaysia, Nawawi Tie, opened an office in Johor Bahru last year. The firm also has a presence in Penang and Malaysia, and an associate company in Thailand, Edmund Tie & Co (Thailand).

Sim believes that this merger will create more opportunities for them in the ASEAN region and Japan, particularly through their relationship with Tokyu Livable.…

Joint developers UOL Group and CapitaLand Development (CLD) have announced that they sold over 87% of the 1,193 units during the launch weekend of ParkTown Residence in Tampines North. The project achieved an average price of $2,360 psf, with most buyers being Singaporean homebuyers or investors. The popular unit types were two-bedroom and three-bedroom apartments, which accounted for 83% of the project and were 92% snapped up during the weekend.

According to Anson Lim, UOL’s general manager of residential marketing, the project received 2,367 cheques before its launch weekend, which translates to a sales conversion rate of 44%, surpassing the average of 30% to 35% for most new project launches in recent years. Mark Yip, CEO of Huttons Asia, notes that no mega project has sold more than 1,000 units in its launch weekend since the 1,399-unit High Park Residences, which sold 1,100 units over three days in July 2015.

ParkTown Residence is the first mixed-use development integrated with a transport hub in Tampines, and it has been well-received by buyers. The project is connected to a retail mall, the future Tampines North MRT station, a bus interchange, a green boulevard, a community club, and a hawker centre, making it a unique and convenient development. This has attracted a lot of interest from buyers, with 71% of the 732 units at The Reserve Residences sold during its launch weekend in May 2023, and the recent integrated project, Emerald of Katong, selling 99% of its 835 units in November last year.

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Investing in a condo in Singapore: A Wise Choice for Your Investment Portfolio

The idea of investing in a condo in Singapore has become increasingly appealing to both local and foreign investors. This is primarily due to the country’s stable economy, political climate, and high quality of life, making it a desirable location for real estate investments. With a range of opportunities available in the market, condos have quickly emerged as a top choice for investors, thanks to their convenience, amenities, and potential for high returns. Let’s delve into the benefits, important considerations, and necessary steps when investing in a condo in Singapore.

Why Opt for a Condo in Singapore?

Condos in Singapore have the ability to cater to a diverse range of needs and preferences, making them an attractive investment option for people from all walks of life. Whether you are a young professional, a family, or a retiree, there is a condo to suit your lifestyle. These properties are strategically located in prime areas, providing easy access to business districts, schools, and other essential amenities. They also come equipped with a variety of facilities, including swimming pools, gyms, and 24-hour security, offering residents a luxurious and stress-free living experience.

Furthermore, investing in a condo in Singapore offers the potential for impressive returns. With a continuously growing population and a steady influx of expats, there is a high demand for condos in the city-state. This creates viable opportunities for investors to generate a steady rental income and witness an increase in the property’s value over time.

Key Factors to Consider

As with any investment, it is crucial to carefully consider several essential factors before committing to a condo in Singapore. Firstly, determine your budget and the amount you are willing to invest. This should include the purchase price, stamp duty, and whether you will require financing. Additionally, conduct thorough research on the location, developer, and surrounding amenities and infrastructure of the condo to ensure a sound investment.

The Process of Investing in a Condo in Singapore

Investing in a condo in Singapore involves a straightforward process. Once you have found a suitable property, you will be required to pay an option fee of 5% of the purchase price to secure the unit, valid for 14 days. Within this period, you must exercise the option to purchase by signing the Sales and Purchase Agreement (S&P) and paying an additional 15% of the purchase price. The remaining balance is paid upon completion of the transaction. It is advisable to hire a licensed real estate agent to guide you through the process and provide valuable insights.

In conclusion, investing in a condo in Singapore offers numerous benefits such as convenience, amenities, and potential for high returns. However, it is crucial to conduct thorough research and consider essential factors before making a decision. With the right approach and guidance from a licensed agent, investing in a condo in Singapore can be a lucrative and rewarding venture that will undoubtedly enhance your investment portfolio.

ERA Singapore CEO Marcus Chu stated that mixed-use developments integrated with transport hubs have seen strong demand from homebuyers and investors due to their potential for capital appreciation and high rentability. The last two fully integrated developments to be completed were the 920-unit North Park Residences in Yishun (launched in 2015) and the 680-unit Sengkang Grand (launched in 2019) at Buangkok. The average price of North Park Residence is $1,809 psf, 65% higher than the average resale prices of residential units in District 27, while Sengkang Grand commands an average price of $2,029 psf, 25% higher than the average resale prices in District 19.

ParkTown Residence is located at Tampines Street 62, which is the third largest HDB town after Hougang and Woodlands. Huttons’ CEO Mark Yip noted that a lot of buyers were HDB upgraders who desired to stay in Tampines. The completion of ParkTown Residence in 2030 aligns with the scheduled opening of the Tampines North MRT Station on the Cross Island Line (CRL), which is a major arterial line running from East to West of Singapore. There are also plans for three more government land sales (GLS) sites linked to the upcoming Tampines North MRT Station, but these could potentially be launched at higher prices.

In addition, Tampines will also benefit from new infrastructure developments by 2027, such as a cycling bridge, an underpass, and an additional 7.7km of cycling paths, bringing the total to 40km. There is also a planned pedestrian route connecting Tampines MRT Station to the malls in the regional centre. All these developments will enhance the liveability in Tampines, making it an attractive location for homebuyers and investors.…

On Feb 22, Elta, the joint venture project by MCL Land and CSC Land Group at Clementi Avenue 1, sold a total of 326 out of 501 units, translating to about 65% of sales at an average price of $2,537 psf. Most of the buyers were Singaporeans, making up 90% of the buyers, while the remaining 10% were permanent residents. The highest number of buyers came from districts 19, 5, and 23, with a majority of them coming from households in districts such as Hougang, Serangoon, Sengkang, Punggol, Buona Vista, Clementi, Dover, Pasir Panjang, Bukit Batok, Bukit Panjang, Choa Chu Kang, Hillview, and Dairy Farm.

Interestingly, the two-bedroom units proved to be the most popular unit type among buyers, with a majority of the 179 units being sold at prices starting from $1.388 million ($2,261 psf). In addition, 81% of the 108 three-bedroom units have also been taken up at prices from $2.198 million, while the one-bedroom plus study units have also been snapped up by 78% of buyers at prices from $1.158 million. Based on the sales data, more than 60% of the units sold are the one- and two-bedroom types being transacted at prices below $2.2 million, according to Ismail Gafoor, CEO of PropNex.

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One cannot deny the striking urban landscape of Singapore, characterized by towering skyscrapers and state-of-the-art infrastructure. Among the array of properties, condominiums stand out as a popular option due to their ideal location in prime areas and their ability to offer a perfect blend of luxury and functionality. This allure appeals not only to locals but also to expatriates. The availability of various amenities such as swimming pools, gyms, and security services makes condos an even more desirable choice, elevating the standard of living for residents and making them an attractive option for both potential tenants and buyers. For investors, these features translate into higher rental yields and a promising increase in property value over time. With the potential for exceptional returns, it is no wonder that many investors choose to invest in Singapore Projects.

According to MCL Land CEO Lee Tong Voon, the robust sales at Elta signify the buyers’ confidence in the development, which seamlessly blends modern living with convenience and comfort. As the Singapore-based development arm of Hongkong Land, MCL Land has seen success in their previous projects in the area, such as The Clement Canopy and Clavon, which have had zero unprofitable transactions. This is a significant factor that has contributed to the strong sales at Clementi Avenue 1.

Elta is the last of the three private condos launched on government land sales (GLS) sites at Clementi Avenue 1, and the first new launch in the area since December 2020 when Clavon was launched by UOL Group and Singapore Land Group. In terms of connectivity, Elta is near employment nodes such as the National University of Singapore (NUS), one-north, Pandan Loop Industrial Estate, the Science Park, Jurong LakeDistrict and the future Dover Knowledge District. The development is also well-connected with Clementi MRT Station on the East-West Line and the upcoming Cross Island Line, which will run from east to west of Singapore.

Beyond connectivity, Elta’s location has also attracted buyers thanks to its close proximity to popular schools such as Nan Hua High School, NUS High School of Mathematics and Science, and Anglo-Chinese School (Independent). The development is also near tertiary institutions such as NUS, Singapore Polytechnic and United World College of South East Asia (Dover Campus). Considering that most buyers in these developments are families, this is a significant advantage as it provides residents with easy access to education for the duration of their children’s education.

Given the profile of tenants, Clementi Avenue 1 is a popular location for investors, with two-bedroom units at The Clement Canopy of 624 to 732 sq ft being leased at $4,200 to $4,700 per month, or $5.60 psf to $6.42 psf per month in January and February. Meanwhile, the latest rental transaction for a 764 sq ft, two-bedroom unit at Clavon was leased for $4,600 or $6.02 psf per month at the EdgeProp Landlens.

Based on sales data, Huttons Data Analytics estimates developers’ sales in February to surpass 1,500 units. The total sales for the first two months of 2025, estimated to be between 2,500 and 2,700 units, is equivalent to 39% of the total new sales of 6,469 units for the entire 2024, says Huttons. As a result, Huttons is revising its full-year projection for 2025 to between 7,500 and 8,500 units from its earlier estimate of 7,000 to 8,000.…

CapitaLand India Trust (CLINT) has announced its plan to acquire an office project in Nagawara, Outer Ring Road, Bangalore, for $233.6 million through a forward purchase agreement with Maia Estates Offices. This acquisition of the 1.13 million square feet office project is expected to benefit unitholders by improving earnings and distributions. On a stabilized basis, the net profit is estimated to reach $7.7 million, while the distribution per unit is expected to rise from 6.84 cents to 6.98 cents.

The office project is a part of a mixed-use development that includes both office and retail space. Under the forward purchase agreement, CLINT will fully fund the development of the office project and receive interest on the funding at a higher rate than its borrowing cost.

If you are interested in investing in properties overseas, there are plenty of projects available for sale around the world. As per the agreement, CLINT will acquire the office space in the first half of 2030 upon completion of the development, while Maia will retain the retail portion. This will increase the operational area of CLINT’s portfolio in Bangalore from 8.7 million square feet to 9.9 million square feet.

CLINT also has two ongoing office building projects in Gardencity, an IT Park at Hebbal, and an IT park at ITPB in Bangalore. With the addition of the office project, the total portfolio size of CLINT, including the committed investment pipeline, will increase by 4.0% from approximately 30.2 million square feet to approximately 31.47 million square feet.

“The acquisition of this office project in a prime location will further strengthen CLINT’s presence in Bangalore, one of India’s top office markets. In 2024, Bangalore saw the highest leasing levels for Grade A office space, and ORR is the largest office micro-market in the city. By adding this premium office property to our portfolio, we will be able to offer our tenants a wider range of high-quality office spaces in key micro-markets in Bangalore,” says Gauri Shankar Nagabhushanam, CEO of CLINT.

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Investing in a Singaporean condo brings about numerous benefits, one of which is the potential for capital appreciation. With its strategic location as a global business center and solid economic foundations, Singapore maintains a constant demand for real estate. In recent years, the real estate market in Singapore has displayed a consistent rise in property prices, particularly in prime locations where condos have experienced significant appreciation. By purchasing a property at the opportune moment and holding onto it for an extended period, investors can reap substantial capital gains. Moreover, with the introduction of new condo launches, the condo market in Singapore continues to expand and offer attractive investment opportunities for investors.

On Feb 21, shares of CLINT closed at $1, without any change. Other related news includes CLINT’s proposal to acquire International Tech Park Pune from its subsidiary and joint venture partner for $221.9 million and CLINT’s partnership with India developer L&T Realty to develop 6 million square feet of prime offices in India.…

River Valley Apartments, a freehold condominium located on River Valley Road, has recently been purchased for a staggering $56 million. This marks the first successful residential collective sale deal to be completed in 2025. The sale price equates to a land rate of $1,622 per square foot per plot ratio (psf ppr).

Investing in a condominium, or condo for short, in Singapore has become an increasingly popular choice for investors, both locals and foreigners alike. This is largely due to the city-state’s strong economy, stable political climate, and overall high standard of living. With numerous opportunities available in Singapore’s real estate market, condos are particularly appealing for their convenience, amenities, and potential for high returns. In this article, we will delve into the advantages, important factors to consider, and necessary steps to take when investing in a condo in Singapore.

According to a recent press release from Knight Frank Singapore, the marketing agent for the property, the buyer is a Singapore family office with plans to redevelop the site into serviced apartments. The Urban Redevelopment Authority (URA) has already granted an Outline Permission for the development of these serviced apartments.

Chia Mein Mein, the head of capital markets (land and collective sale) at Knight Frank Singapore, explains, “This marks the first collective sale site sold in 2025, despite the challenging collective sale market, particularly for the residential sector.”

The collective sale of River Valley Apartments is the first residential collective sale site sold in a prime district since May 2023 when Kew Lodge was acquired for $66.8 million by Aurum Land.

Chia adds, “The tender for River Valley Apartments attracted significant interest, which can be attributed to its excellent location in the popular River Valley neighborhood. The site’s redevelopment into a future serviced apartment project is well-suited for the rapidly growing living sector in Singapore.”

River Valley Apartments consists of a four-story building with 24 units and covers a total land area of 12,408 square feet. The site, which is zoned as residential, has a gross plot ratio of 2.8 under the latest Master Plan. The owners of River Valley Apartments launched the collective sale of the development on January 7 with a guide price of $56 million.

Jerry Tan, the chairman of the River Valley Apartments collective sale committee, states, “We have tried to initiate a collective sale exercise in the past, and this is the first time we have been able to secure 80% of the owners’ consensus to proceed with the tender launch.”

For potential buyers interested in properties at River Valley Apartments, they can check out the latest listings on the market. Additionally, there are various listings for sale and for rent available for the property on Ask Buddy.

The price trend for properties in River Valley Apartments can also be compared to those in nearby districts such as HDB, condos, and landed houses. Interested buyers can also view the sale transactions for River Valley Apartments to get a better understanding of the property market in the area.

For those looking for rental units in District 10, there are also multiple condo rental listings available for River Valley Apartments. With its prime location and upcoming redevelopment, River Valley Apartments continues to be a highly sought-after property in the area.…

Nassim 9, a luxury development in prime District 10, saw the most profitable private non-landed resale transaction recorded during the period of Feb 4 to Feb 7. The sale involved a 2,486 sq ft, four-bedroom unit located on the third floor which changed hands for $7.5 million, or $3,016 psf, on Feb 7. This sale at Nassim 9 proves to be the most profitable resale transaction out of the various private non-landed developments on the market during the period of Feb 4 to Feb 7.

According to URA caveats, the seller had previously purchased the unit for $4.12 million ($1,641 psf) in December 2005. After holding the unit for just over 19 years, the seller reaped a profit of $3.42 million, or 83.8% of their original purchase price. This translates to an annualised gain of 3.2% over the holding period.

Nassim 9, known for its exclusivity and high-end luxury living, saw a 2,486 sq ft, four-bedroom unit sell for $7.5 million ($3,016 psf) during this period, reaping a profit of $3.42 million (Photo: Samuel Isaac Chua / EdgeProp Singapore)

The transaction at Nassim 9 is the third-most profitable resale transaction at the development to date. The current record was set in March 2023 when a larger four-bedroom unit spanning 2,756 sq ft was sold for $9.5 million ($3,448 psf). It had been bought for $4.12 million ($1,495 psf) in December 2005. Therefore, the seller made a profit of $5.38 million (130.6%), or an annualised gain of 5% over 17 years.

In the past, the last caveated transaction at Nassim 9 was in March 2023, when a 3,251 sq ft, four-bedroom unit was sold for $10.3 million ($3,169 psf). It generated a profit of $3.3 million for the seller.

Housing just eight units, Nassim 9 is a boutique condo located along Nassim Road in prime District 10. Completed in 2002, the four-storey development has four-bedroom units spanning between 2,756 and 3,423 sq ft.

Completed in 1983, Mount Faber Lodge is a boutique freehold development located along Mount Faber Road in District 4 (Photo: Samuel Isaac Chua / EdgeProp Singapore)

The second most profitable resale during the period in review occurred at freehold development Mount Faber Lodge, where a triplex penthouse unit was sold for $5 million ($1,350 psf) on Feb 5. The unit last changed hands in August 2001 for $1.6 million. Therefore, the seller raked in a profit of $3.4 million (212.5%), or an annualised gain of 5% over 23½ years.

This unit sold on Feb 5 is the most profitable unit transacted at Mount Faber Lodge to date. The previous record was held by a three-bedroom unit spanning 2,669 sq ft on the third floor that was sold for $3.89 million ($1,457 psf) in October 2012. The unit had been purchased for $1.3 million ($487 psf) in January 2006. Hence, the seller made a profit of $2.59 million (199.2%).

Completed in 1983, Mount Faber Lodge is a boutique freehold development located along Mount Faber Road in District 4. The 84-unit condo consists of studio units spanning 1,098 sq ft, along with two- and three-bedroom units from 1,173 to 2,454 sq ft. The development also has 20 five-bedroom triplex penthouses sized from 3,703 to 3,724 sq ft.

In Singapore, the lively urban landscape is defined by impressive high-rise buildings and innovative infrastructure. situated in premium locations offer an alluring blend of luxury and practicality, making them highly coveted by locals and foreigners alike. These extravagant properties boast a plethora of amenities, such as swimming pools, gyms, and 24/7 security, elevating the overall living standards and making them a promising investment for both landlords and potential buyers. As a result, they generate high rental returns and appreciate in value over time, solidifying their position as a valuable asset in the competitive Singapore real estate market. Additionally, adding Condo to the paragraph shows the availability of different options for luxurious living in Singapore.

The 311-unit Amaryllis Ville is located along Newton Road (Photo: Samuel Isaac Chua / EdgeProp Singapore)

The third-most profitable deal during this period in review was the sale of a three-bedroom unit at Amaryllis Ville, a 99-year leasehold condo in prime District 11. The 1,238 sq ft unit on the 28th floor was sold for $2.65 million ($2,141 psf) on Feb 5. It had last changed hands for $1.09 million ($884 psf) in June 2005. Therefore, the seller made a profit of $1.56 million (142.2%), or an annualised gain of 4.6% over 19½ years.

This transaction on Feb 5 was the third-most profitable unit to be sold at Amaryllis Ville. The record belongs to a 1,991 sq ft, three-bedroom unit on the 17th floor that was sold for $3.75 million ($1,885 psf) in September 2023. This unit had been bought for $1.95 million ($979 psf) in June 2009, resulting in the seller making a profit of $1.8 million (92.5%), or an annualised gain of 4.7% over 14 years.

Based on resale data tabulated by EdgeProp Singapore, resale prices at Amaryllis Ville have been steadily increasing in recent years. Based on a rolling 12-month average, the average price hit $1,897 psf in February 2023, rising to $2,001 psf in February 2024. Last month, the average price increased to $2,082 psf, or a 4% year-on-year increase.

The 311-unit Amaryllis Ville is located along Newton Road. Completed in 2004, the condo houses a mix of one- and two-bedroom units from 657 to 1,378 sq ft and three-bedroom units from 958 to 2,637 sq ft. Nearby condos include the 129-unit Rochelle at Newton along Keng Lee Road, and the 378-unit Kopar at Newton along Makeway Avenue.

During the period in review, there were no unprofitable transactions recorded.…