Month: January 2025

The Urban Redevelopment Authority (URA) has given its approval for a proposal to voluntarily conserve Golden Mile Tower. This would only take effect if the 99-year leasehold development is successfully sold in a collective sale and a developer plans to redevelop the property.

Based on documents that EdgeProp Singapore has obtained, the government has stated that if a developer agrees to conserve the existing cinema block, they may consider increasing the site’s allowable Gross Plot Ratio (GPR) from 4.46 to 5.6, taking into account the current site area of 93,902.5 square feet.

This would also result in the redevelopment being allowed a greater Gross Floor Area (GFA) of 525,854 square feet, a significant increase from the current GFA of 419,142 square feet. Furthermore, the voluntary conservation plan would also permit a higher maximum building height of 164 meters, which is higher than the current limit of 145 meters for the …

Over the weekend of January 4-5, the sales gallery of Bagnall Haus at Upper East Coast welcomed an impressive number of 1,500 visitors. According to Teo Hong Lim, the executive chairman of Roxy-Pacific Holdings, the developer of Bagnall Haus, the majority of the visitors were families who currently reside in the East.

Bagnall Haus is one of the first new project launches of 2025 and it has already received overwhelming attention. The freehold condominium, which comprises of 113 units, is a redevelopment of the former Bagnall Court. The site was acquired in January 2023 for $115.28 million.

The project is strategically located within a five-minute walking distance from the upcoming Sungei Bedok MRT Interchange Station and the Upper East Coast Bus Terminal. Prospective buyers can easily search for the latest new launches to find out the transaction prices and available units.

It has been 15 years since the last new …

NUS study: Urban Solar Farms 3 times more productive than rural solar farms

The latest HDB flash estimates released on Jan 2 showed that resale flat prices rose by 2.5% q-o-q in 4Q2024, slightly slower than the 2.7% q-o-q growth recorded in the previous quarter. This marks the 19th consecutive quarter of price increases in the HDB resale market.

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

The HDB caveat data, downloaded from data.gov.sg at 8.15am on Jan 2, showed a slowdown in price growth for some flat types, noted OrangeTee. For instance, the median price of four-room flats saw a q-o-q increase of 2.5% in 4Q2024, …

According to the latest HDB flash estimates released on Jan 2, resale flat prices increased by 2.5% in the fourth quarter of 2024, slightly slower than the 2.7% growth seen in the previous quarter. This marks the 19th consecutive quarter of price increases in the HDB resale segment.

The flash estimates also showed a 9.6% growth in HDB resale prices for the whole of 2024, doubling the 4.9% increase seen in 2023. However, this growth was still lower than the 10.4% and 12.7% recorded in 2022 and 2021 respectively. According to Christine Sun, chief researcher and strategist at OrangeTee Group, this could be due to the various cooling measures implemented by the government in recent years.

Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage choices available, but it is crucial to understand and adhere to the Total Debt Servicing Ratio (TDSR) framework. …

Roxy-Pacific Holdings, a well-known property developer, is set to give a sneak peek of its latest project, Bagnall Haus, this Saturday, Jan 4. The brand new freehold development, located along Upper East Coast Road, is a redevelopment of the former Bagnall Court, which was acquired by Roxy-Pacific for $115.28 million in February 2023. This translates to a land rate of $1,106 per square foot per plot ratio (psf ppr).

Bagnall Haus boasts 113 units in a low-rise, five-storey block, including two shop units. The units range from one-bedroom plus flexi, starting from 495 sq ft, to five-bedroom apartments spanning 1,528 sq ft. Prices for the one-bedroom plus flexi units start from $1.235 million ($2,495 psf).

Securing financing is a crucial element in the process of investing in a condominium. Fortunately, Singapore presents various mortgage alternatives for potential buyers. However, it is crucial to have an understanding of the Total Debt …

The Orie, a 777-unit condominium located at Lorong 1 Toa Payoh, will be showcased by City Developments Limited (CDL), Frasers Property and Sekisui House on Friday, January 3rd, with its official launch set for January 18th. The two 40-storey towers house a variety of unit sizes, ranging from a one-bedroom plus study at 517 square feet to five-bedroom apartments at 1,453 square feet. Prices for these units are as follows: $1.28 million ($2,476 per square foot) for the one-bedroom plus study; $1.48 million ($2,500 per square foot) for the two-bedroom; $2.09 million ($2,459 per square foot) for the three-bedroom; $2.92 million ($2,401 per square foot) for the four-bedroom; and $3.48 million ($2,395 per square foot) for the five-bedroom with an exclusive private lift. To find out the transaction prices and available units, search for the latest New Launches.The Orie marks the first private condo launch since 2016, when the Gem …

Having a comprehensive understanding of the laws and limitations surrounding property ownership in Singapore is crucial for international investors. While purchasing condominiums is relatively easy for foreigners, the same cannot be said for landed properties, as they are subject to more stringent ownership regulations. In addition, foreign buyers must also keep in mind the Additional Buyer’s Stamp Duty (ABSD) of 20% when purchasing their first property. Despite this additional cost, Singapore’s real estate market remains a highly sought-after investment destination. Its stability and potential for growth continue to attract foreign investors, making it a desirable market to invest in. To explore more options in this thriving market, check out Singapore Projects on anvly.com.

Starting from Jan 1, ERA Singapore will no longer be covering the annual Council for Estate Agencies (CEA) license renewal fees for its real estate agents, a practice that has been in place for the past …

Real estate agency SRI recently made a big announcement on Jan 1, revealing that 111 agents from Knight Frank Singapore’s agency business known as KF Property Network (KFPN) had joined their firm. This included the head of KFPN, Evan Chung.

Investing in condominiums in Singapore requires careful consideration due to the government’s property cooling measures. Over the years, the Singaporean government has implemented various measures to prevent speculative buying and maintain a stable real estate market. These measures, including the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties, have a direct impact on the short-term profitability of condo investments. However, they also play a crucial role in ensuring the long-term stability of the market and creating a safe and secure investment environment. To learn more about Singapore projects, you can visit anvly.com.

The addition of these 111 agents accounted for …