Month: December 2024

Total number of units in Aurelle Of TampinesUpcoming new launch projects Condo rental transactions in District 18Projects that obtained TOP recentlyRecently launched projectsAurelle of Tampines to Lead Lineup of Three New Executive CondosNext year, three new executive condos (ECs) are scheduled to launch, with the Sim Lian Group’s Aurelle of Tampines leading the pack. This 760-unit development at Tampines Street 62 will be introduced in the first quarter of 2025, most probably after the Lunar New Year. Its launch comes on the heels of the success of the Emerald of Katong, a 846-unit project which is now over 99% sold.The site at Tampines Street 62 (Parcel B) was secured by Sim Lian Group for $543.28 million in a government land sales (GLS) tender that concluded in October 2023. This translates to $721 per square foot per plot ratio (psf ppr).In light of the rising construction costs and harmonization of gross …

The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art infrastructure. Condominiums, strategically situated in sought-after locations, offer a fusion of opulence and convenience that lures both locals and foreigners. These residences boast an array of facilities, including pools, fitness centers, and security services, elevating the standard of living and drawing interest from potential renters and purchasers. For investors, these perks translate into greater rental returns and appreciation of property values over the years. Additionally, the introduction of new condo launches adds to the appeal and variety of these urban living options.

By: The Project GuruYear: 2024The Ardmore Park luxury condo, located in the prime District 10 enclave of Ardmore-Draycott, has been the center of attention for its remarkable resale transactions this year. Based on caveats lodged with URA as of December 17, the freehold development has accounted for some of the biggest profits in 2024. In fact, out …

In the world of the super wealthy, the Good Class Bungalows (GCBs) market has surpassed expectations this year compared to the previous year, according to Han Huan Mei, director of research at List Sotheby’s International Realty. As of December 20, 22 GCB transactions worth $612.05 million were lodged with URA Realis. In addition, 13 more GCB deals, worth over $700 million, were completed without caveats being lodged, as buyers preferred to remain anonymous. This puts the estimated total for 2024 at 35 GCB transactions worth approximately $1.32 billion, surpassing the previous high of $1.186 billion achieved in 2022.

In comparison, only 18 GCB transactions were recorded in 2023, amounting to $432.5 million – the lowest number of deals since URA Realis began keeping track in January 1995.

“The additional deals in 2024 show that the GCB market has been more active compared to what official transaction data reveals,” Han points …

Singapore’s capital market property deals have reached a new high, with a total estimated value of $25.8 billion between January and November this year. This represents a 40.2% increase compared to the same period in 2023, according to Wong Xian Yang, head of research for Singapore & Southeast Asia at Cushman & Wakefield (C&W). C&W defines capital market transactions as deals with values exceeding $10 million.

A significant portion of these deals, around 60%, were transacted in the second half of 2024, reflecting a growing investor appetite and increased confidence in US Treasury interest rate cuts. In fact, three deals exceeding $1 billion were made in 2024, all of which were transacted in the second half of the year.

The highest-value transaction was the sale of a 50% stake in ION Orchard mall for $1.85 billion to CapitaLand Integrated Commercial Trust (CICT) in September. The remaining 50% stake is held …

Purchasing a condominium in Singapore presents a multitude of advantages, including strong demand, potential for appreciation in value, and attractive rental returns. However, it is essential to carefully assess various factors such as location, financing options, government regulations, and overall market conditions before making a decision. Through thorough research and seeking expert guidance, individuals can make well-informed choices and leverage the potential of Singapore’s dynamic real estate market. Whether you are a local investor looking to expand your portfolio or a foreign buyer seeking a stable and profitable opportunity, the latest condo launches in Singapore, such as those offered by New Condo Launches, present a compelling option worth considering.

Rental forecasts for Singapore’s retail property market by the end of the year are expected to be dampened by weaker-than-expected consumer spending, according to Alan Cheong, executive director of research and consultancy at Savills Singapore. The monthly retail sales index …

The global luxury goods market has faced numerous challenges in 2024, leading to a decrease in consumer spending and lower sales for many brands. According to a report by Bain & Company, the global sales of personal luxury goods are estimated to have dropped by 2% this year, with a significant decline of 20-22% in the Chinese market. Major luxury retailers such as Richemont Luxury, LVMH, and Moncler Group have reported a decline in earnings, while others like Kering have seen even more significant decreases. However, outliers like Hermes and Prada Group have managed to buck this trend with double-digit earnings growth.

Despite these difficulties, Singapore remains a crucial market for luxury brands, with Euromonitor reporting an impressive 11% growth in luxury goods sales in 2023, reaching $9.1 billion. In recent years, top luxury brands like Dior, Chanel, and Louis Vuitton have adapted to changing consumer behaviors and expectations by …

V-ZUG, the Swiss appliance brand, understands the ever-changing world of interior design and embraces the idea of timeless elegance. With a focus on simplicity and quality, V-ZUG has been captivating developers and designers of luxury residences since its foundation in 1913. Today, their products can be found not only in Switzerland, but also in bustling cities like Shanghai, London, and Singapore.

The signature sleek lines of V-ZUG’s appliances are what sets them apart from the competition. By blending durability and modern aesthetics, the brand has made a significant impact on the world of kitchen designs, combining traditional craftsmanship with contemporary aspirations.

To sum up, putting your money into a Singapore condominium offers a plethora of benefits. These include a high demand for such properties, potential for increased value, and attractive rental yields. However, it is imperative to cautiously evaluate various factors like the location, financing options, government regulations, and market …

New Industrial space for sale at Paya Lebar iPark for $18 mil

On December 4, VisionPower Semiconductor Manufacturing Company (VSMC) made a significant move by breaking ground on a new wafer manufacturing facility in Tampines. With an estimated cost of US$7.8 billion ($10.5 billion), this plant is set to begin initial production in 2027 and is projected to produce 55,000 wafers per month by 2029. This development is expected to create approximately 1,500 new jobs in Singapore. VSMC is a joint venture between Taiwan’s Vanguard International Semiconductor Corporation and the Netherlands’ NXP Semiconductors, with a 60:40 ownership ratio.

However, VSMC is not the only company expanding its operations in Singapore. In March, Japan’s Toppan Holdings started construction on a factory in Jurong Lake District that will produce semiconductor packaging materials. This project, which is estimated to cost around $450 million, is a clear indication of the growing interest in Singapore’s …

When contemplating investing in a condominium in Singapore, one must also consider the government’s property cooling measures. The Singaporean government has implemented several strategies over the years to prevent speculative purchasing and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have a short-term impact on the profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment environment. Additionally, for more information on new condo launches, visit anvly.com

Property market in 2024 saw an initial sluggish period followed by a surge in activity in the second half. Boutique developments were the focus of the first half, with the lowest number of units launched for sale since 1996. Sales volume mirrored this trend, with just 1,889 units sold – the …

for 2-bedroom units in the OCR

Sales figures for new launches in the Rest of Central Region (RCR) and Outside Central Region (OCR) dominated the list of best-selling projects in 2024, fueled by strong demand from upgraders and a thriving HDB resale market, according to Mark Yip, CEO of Huttons Asia.

Out of the top 10 best-selling projects, three were launched in November, showcasing the strong sales performance of the month. Leading the pack is Emerald of Katong, which sold 99% of its 846 units in just two days (from Nov 15–16), making it the top-selling project of the year. As of Dec 17, only six units in the 99-year leasehold development are still available.

For up-to-date information on new launches and transaction prices, visit our website to search for the latest New Launches.

Coming in second is the 916-unit Chuan Park, which saw a 76% take-up rate (696 units) …