The Chua family, who are based in Hong Kong, were one of the first buyers to purchase at Draycott Eight, a luxury private condo development in Singapore back in 2005. The prime location, just off Scotts Road and Orchard Road, was a major draw for the family. They purchased two four-bedroom units in 2006, with the intention of using one as a rental unit. The family enjoyed living at Draycott Eight so much that they bought an adjoining unit in 2006. However, after living abroad, they have decided to sell both units. The units have been renovated and are now on the market for $7.18 million each, or $14 million if bought together. Draycott Eight has been a sought-after development due to its prime location, facilities, and views of Ardmore Park and the Goodwood Hill Estate. Investors looking to purchase units for rent may enjoy higher yields due to the …
Month: September 2024
Ura Launches Tender Faber Walk Gls Residential Site
On September 12, the Urban Redevelopment Authority (URA) launched a tender for a Government Land Sale (GLS) site at Faber Walk in Clementi. The site, which is part of the 2H2024 GLS Confirmed List programme, has a 99-year leasehold and occupies around 277,660 sq ft. With a gross plot ratio of 1.4, the site is zoned solely for residential (non-landed) use and is expected to yield approximately 400 housing units.
When thinking about investing in a condominium, it is crucial to examine the potential rental yield as well. Rental yield refers to the yearly rental income in relation to the property’s purchase price. In Singapore, the rental yields for condominiums can vary greatly, depending on factors such as location, property condition, and market demand. Generally, areas that have high rental demand, such as those near business districts or prestigious schools, offer more attractive rental yields. It is essential to conduct …
Japanese Hospitality Giant Seibu Prince Hotels Worldwide Expands Singapore
The decision to invest in a condo in Singapore has undoubtedly become a hot topic among not only local residents but also foreign individuals. This can be attributed to Singapore’s flourishing economy, stable political climate, and exceptional quality of life. The real estate market in Singapore presents a plethora of lucrative opportunities, with condos being a standout choice for their convenience, amenities, and potential for high returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore, with a special focus on the latest Singapore projects.
Japanese hospitality company Seibu Prince Hotels & Resorts, a subsidiary of Tokyo-listed Seibu Holdings, has recently expanded its brand into Southeast Asia with the launch of Park Regis by Prince Singapore on September 3. Located in the popular Clarke Quay area, the 203-key hotel has undergone extensive renovations and …
Unit Draycott Sold 25 Mil Profit
The recent sale of a unit at The Draycott was the most profitable condo resale transaction during the week of August 27 to September 3. The unit on the 15th floor, measuring 2,637 square feet, changed hands for $5.45 million, amounting to $2,067 per square feet, on August 30. According to records, the seller had acquired the unit in April 1996 for $3 million, or $1,138 square feet. This results in a gain of $2.45 million for the seller, reflecting a capital gain of 82%. The unit was owned by the seller for almost 28 and a half years.
This transaction is in a tie with another unit for the fourth-highest gain ever registered at The Draycott. In May 2021, another unit measuring 2,626 square feet, sold for $4.5 million or $1,713 per square foot, resulting in a profit of $2.45 million for the seller. The seller had purchased the …
Three Tuas South Industrial Properties Sale 36 Mil
A portfolio of three industrial properties located in the bustling Tuas South industrial hub has been put up for sale through an expression of interest (EOI) exercise, with an asking price of $36 million. JLL Singapore, the exclusive marketing agent, announced on Sep 11 that the properties can be purchased together or separately at a guide price of $12 million each.
The trio of sites currently serve as warehouses for construction cranes and freight transportation services. The Urban Redevelopment Authority’s (URA) Master Plan 2019 has approved the sites for Business 2 use, with a plot ratio of 1.0. All three properties boast high-ceiling structures with overhead cranes and expansive open spaces for heavy vehicle circulation.
Situated at 9 Tuas South Street 9, 10 Tuas South Street 10, and 11 Tuas South Street 9, the properties offer a variety of features to potential buyers. The 9 Tuas South Street 9 site …
Maximizing Rental Yield Expert Tips for Choosing the Best Roofing Contractor in Detroit
In conclusion, purchasing a condominium in Singapore comes with a host of benefits, including a consistently high demand, potential for substantial capital appreciation, and attractive rental yields. Nevertheless, it is crucial to carefully consider crucial factors such as the location of the property, available financing options, government regulations, and market conditions. Through comprehensive research and seeking professional advice, investors can make well-informed decisions and maximize their profits in Singapore’s dynamic real estate market. Whether a local investor looking to diversify their portfolio or a foreign buyer seeking a stable and lucrative investment, Singapore’s condos offer a compelling opportunity with the added perk of high rental yields from platforms such as anvly.com.
3. Inquire About Their Scope of Service
5. Consider Their Communication and Customer Service
It is crucial for potential condo investors to be aware of and adhere to these cooling measures to avoid any legal issues and ensure …
Creating Harmony and Balance in Urban Living A Guide to Finding Inner Peace and Well-Being
Urban living in Singapore has become an attractive option for investors, particularly in the condo market. However, a key factor to consider in condo investment in Singapore is the government’s property cooling measures. In an effort to discourage speculative buying and maintain a steady real estate market, the Singaporean government has implemented various measures over the years, such as the Additional Buyer’s Stamp Duty (ABSD). This imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may initially affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer investment environment for urban living in Singapore. Urban living is, therefore, a highly desirable and sustainable option for investors looking towards the future.
In conclusion, while living in an urban environment can be demanding and overwhelming at times, it is possible to find harmony and balance amidst the …