Month: February 2025

Sim Lian Group has announced that its latest executive condominium (EC) project, Aurelle of Tampines, will be open for e-application starting from Feb 22. This highly-anticipated launch is located at Tampines Street 62 in Tampines North and boasts a total of 760 units. It is also the first new EC project to be launched in 2025.

Aurelle of Tampines is strategically located just a five-minute walk away from the upcoming Tampines North Transport Hub. This includes the Tampines North MRT Station which is expected to open in 2030 as part of the Cross Island Line. The hub will also feature an air-conditioned bus interchange and will be integrated with a mixed-use development, ParkTown Mall. This development will also include a Community Club, Hawker Centre, and ParkTown Residence, which will be officially launched for sale on Feb 22.

The EC project will consist of fourteen 14-storey residential blocks, spread across a …

One of the first successful residential collective sale deals in 2025 has recently been closed, with River Valley Apartments, a freehold condominium located on River Valley Road, being sold for a total of $56 million. This translates to a land rate of approximately $1,622 per square foot (psf) per plot ratio (ppr), marking a significant achievement in the challenging collective sale market.

According to Knight Frank Singapore, the marketing agent for the sale, the purchasers of the property are 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 such a development.

Chia Mein Mein, the head of capital markets (land and collective sale) at Knight Frank Singapore, comments on the successful sale: “This marks the first collective sale site sold in 2025, amid a challenging collective sale market, especially for the residential sector.” She …

8M Residences has taken the lead in private condo sales during the week of Feb 1 to 7, achieving a new psf-price peak. The freehold development sold a two-bedroom unit spanning 646 sq ft on the 15th floor for a record-breaking $1.54 million, which translates to $2,384 psf. This is the first time a unit at 8M Residences has been sold for over $2,300 psf.

This latest sale surpasses the previous peak of $2,261 psf in April 2023, when a similar 646 sq ft two-bedroom unit on the 11th floor was sold for $1.46 million. 8M Residences also recorded another transaction in the same week that surpassed the April 2023 record. On Feb 3, a 527 sq ft one-bedroom unit on the 11th floor was transacted for $1.2 million, equivalent to $2,275 psf.

In terms of absolute price, the most expensive unit to be sold at 8M Residences is a …

Resale unit at Nassim 9 sold for $5.7 mil profitThe luxury residential market has been showing signs of recovery in recent months, with the sale of a 2,486 sq ft unit at Nassim 9 being the most profitable private non-landed resale transaction recorded between Feb 4 and Feb 7. Located on the third floor, the four-bedroom unit was sold for $7.5 million, or $3,016 per square foot, on Feb 7.Upon checking URA caveats, it was discovered that the seller had initially purchased the unit for $4.12 million or $1,641 per square foot in December 2005. This translates to a profit of $3.42 million, or 83.8% of their original purchase price. The annualised gain over 19 years comes to 3.2%.Nassim 9 has seen a previous sale of a four-bedroom unit spanning 2,756 sq ft for $9.5 million or $3,448 per square foot in March 2023. This is currently the record for …

When considering investing in a condo in Singapore, it is important to take into account the government’s property cooling measures. The Singaporean government has implemented various policies over the years to prevent speculative buying and maintain a steady real estate market. 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 have a short-term impact on the profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer environment for investment.

Heeton Holdings has reported a significant growth in earnings for the second half of its fiscal year 2024, with a y-o-y increase of 221% to $3.85 million for the period ending December 31, 2024. Despite this, the group remains unprofitable for the full year of FY2024.For the 2HFY2024, earnings per share amounted to 0.79 cents per ordinary …

Singaporean businessman and boutique property developer Que Neo, founder of Euro Properties, has a vision of developing residential projects that he himself would like to live in. His latest project, K Suites, is a 19-unit apartment block located along Lorong K Telok Kurau in the highly sought-after East Coast area of District 15. The project is expected to obtain its temporary occupation permit (TOP) sometime in the first quarter of 2025.

The prime location of K Suites is its main selling point, as it offers easy access to the beach, East Coast Park, shopping malls, the Central Business District (CBD) and Changi Airport. According to Neo, with the East Coast Parkway and Pan-Island Expressway just a stone’s throw away, it takes only 10 minutes to reach the airport and 10 minutes to downtown.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. One of the most sought-after residential options …

: URAOriginal article:Despite a modest rebound in private housing rents in 4Q2024, which saw a 0.2% increase quarter-on-quarter, landlords can expect rental growth to remain stagnant this year, as reported by Savills Singapore.The underwhelming performance of the non-landed private residential market in the first three quarters of 2024 largely contributed to the 1.7% decline in rents for the entire year. This marks the first full-year decrease since 2020, when the leasing market saw a 0.5% year-on-year drop.There were 19,733 leasing transactions in 4Q2024, representing a 24.2% drop from the previous quarter. According to Savills, this decline can be attributed to a decrease in net new rental demand, as well as a decrease in employment pass (EP) and S pass holders in 2024, combined with a seasonal lull in rental activity at the end of the year.Read also: Retail rents at Orchard Road rise by 2.3% year-on-year in 4Q2024: Savills The …

CBRE has been appointed as the exclusive marketing agent for the sale of two prime properties located at Hongkong Street in the Central Business District (CBD) area.

The first property is the 27-room Hotel Clover, situated at 7 Hongkong Street, which is being offered for sale at a guide price of $27 million. The second property is a commercial building at 36 Hongkong Street, which is being marketed at a guide price of $22.6 million.

Located on a 1,701 sq ft plot of land, the six-storey boutique hotel is zoned for hotel use and has a plot ratio of 4.2 under the latest Master Plan. With a remaining land tenure of approximately 89 years, the 99-year leasehold site has a total floor area of 7,142 sq ft. At the guide price of $27 million, the price per square foot on the floor area translates to $3,780.

Investing in a condo …

Edgeprop Singapore’s Property Market Outlook event took place on Sunday, Feb 16, and discussed the possibility of new property cooling measures, the incoming housing supply from government land sale (GLS) sites and Build-To-Order (BTO) launches, as well as Budget 2025 announcements that could impact the real estate market. The panel of three industry experts included Alan Cheong, executive director of research and consultancy at Savills Singapore; Wong Xian Yang, head of research, Singapore and Southeast Asia at Cushman & Wakefield; and Song Seng Wun, Singapore economic advisor at CGS International. The event, moderated by EdgeProp Singapore CEO Bernard Tong, took place at the Elta sales gallery, a new 501-unit project jointly developed by MCL Land and CSC Land Group that opened for public preview on Feb 7. The government had indicated in January that it may implement more property cooling measures and that it is not yet time to roll …

According to a press release on Feb 19, The Collective, a luxury brand under homegrown flexible workspace operator JustCo, has officially launched its flagship co-working space in Tokyo. The 24,000 sq ft space is located in GranTokyo South Tower, a 42-storey building in the Marunouchi district of Tokyo’s Chiyoda City ward. Situated next to Tokyo Station, the space offers convenient access to both Narita and Haneda airports.

Investing in a condo requires careful consideration of financing options. Singapore provides a variety of mortgage choices, but it is crucial to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the loan amount a borrower can obtain, taking into account their income and current debt obligations. To make informed decisions about financing, it is vital to understand the TDSR and seek guidance from financial advisors or mortgage brokers. This will prevent investors from over-leveraging and …