Month: February 2025

The shophouse market has remained relatively quiet in 2024, recording a total of 84 transactions, according to Huttons Asia. In its latest quarterly research report on the shophouse market, the consultancy notes that this figure is lower than the average of 200 shophouse deals per year between 1995 and 2023. Lee Sze Teck, senior director of data analytics at Huttons Asia, comments that while some buyers did not lodge a caveat, the number of shophouse transactions in 2024 is likely the lowest since 1998.

In terms of volume and value, the 84 caveated shophouse transactions in 2024 amounted to $683.6 million, a 38.9% drop from the $1.1 billion recorded in the previous year. However, Lee notes that there were some substantial deals that were not caveated last year, particularly in prime areas such as Amoy Street, Neil Road, North Bridge Road, and Telok Ayer Street, which he estimates were sold …

According to CBRE’s Singapore Market Outlook 2025 report, the real estate market may diverge over the next 12 months due to an uncertain macroeconomic outlook. While easing inflation and interest rates may provide relief for the property market, slowing economic growth could hinder demand. The Ministry of Trade and Industry predicts a GDP growth of 1-3% in 2025, down from the 4% growth seen in 2024. According to Moray Armstrong, the managing director of CBRE’s advisory services, various factors such as geopolitical tensions, a new US administration, and the upcoming URA Master Plan 2025 could also impact the market. However, despite these uncertainties, there are still opportunities for those who can capitalize on emerging trends, says Armstrong.

Tricia Song, CBRE’s head of research for Singapore and Southeast Asia, shares the same optimism, stating that the property market is supported by limited new supply and stable demand. She predicts that the …

Investing in a condominium in Singapore offers many benefits, one of which is the potential for capital appreciation. As a key business hub in the world and with a robust economy, Singapore constantly experiences a high demand for real estate. The property market in Singapore has consistently shown a positive trend, with a particular increase in condominium prices in prime locations. For investors who enter the market at the opportune time and hold onto their properties for an extended period, they can expect significant capital gains. To stay updated on the latest New Condo Launches, keeping an eye on the market and its trends is crucial for potential investors.

The sale of a three-bedroom unit at Palm Spring was the most profitable resale transaction over the period of Jan 14 to 28.A three-bedroom unit at Palm Spring was sold on Jan 20 for a whopping $4.4 million, making it …

Integration adds value to propertyPhotosCredit by EdgeProp SingaporeSRI to auction 3-bedder at Watertown with price of $2.4 mil

A three-bedroom unit located in Watertown, the residential part of Waterway Point integrated development in Punggol, will be up for auction on Feb 26 by SRI.

The 1,281 square feet unit, which was previously owned by a mortgagee, has a guide price of $2.4 million, equivalent to $1,874 per square foot. Despite having the same guide price, the unit was withdrawn from SRI’s January auction after receiving a single bid that was lower than the minimum price.

Located on the 13th floor, this unit boasts a combined living and dining area, an open-concept kitchen, a utility room and toilet, and a balcony that faces south, providing a view of one of the 20 swimming pools in the condo. The ensuite master bedroom, two additional bedrooms, and a common bathroom are also included …

The government recently announced that the Central Business District Incentive (CBDI) and Strategic Development Incentive (SDI) schemes will be extended for another five years. These schemes were first introduced by the government in November 2019 and the decision to extend them was revealed by Desmond Lee, Minister of National Development (MND) at the Real Estate Developers’ Association of Singapore (Redas) annual Spring Festival lunch on February 7th.

The CBDI scheme was implemented to encourage the transformation of older office buildings in certain areas of the Central Business District (CBD) into mixed-use developments. These areas include Tanjong Pagar, Robinson Road, and Shenton Way and the goal is to increase the number of homes and residents in the CBD, as well as introduce a more diverse mix of uses in this traditionally commercial-centric district.

Meanwhile, the SDI was designed to promote the redevelopment of older developments in strategic areas to bring about …

Perennial Holdings and Far East Organization announced their plans for Aurea, a luxury apartment tower situated within the Golden Mile Singapore mixed-use development on Beach Road, on Feb 6.

Designed by renowned architecture firm DP Architects, Aurea boasts 188 units across 45 storeys, covering a site area of 144,908 sq ft. The tower will also feature a link bridge connecting it to the neighbouring The Golden Mile building, which offers a mix of retail space, medical suites, and offices.

Previously known as Golden Mile Complex, The Golden Mile has been conserved for its architectural heritage, making it the first collective sale and conservation of a building. The joint venture partners purchased the building en bloc for $700 million in May 2022.

Aurea’s prime location in the Downtown Core of District 7, part of the Core Central Region (CCR), is expected to attract discerning individuals and families who appreciate the exclusivity …

Perennial Holdings and Far East Organization have recently revealed their plans for a new luxury apartment tower, named Aurea, in the Golden Mile Singapore mixed-use development along Beach Road.

The 45-storey residential tower, designed by DP Architects, will house a total of 188 units on a site area of 144,908 sq ft. It will also feature a link bridge connecting it to the adjacent commercial building, The Golden Mile, which offers a mix of retail space, medical suites, and offices.

The Golden Mile, formerly known as Golden Mile Complex, has been conserved for its architectural heritage and marked the first collective sale and conservation of a building. In May 2022, Perennial Holdings and Far East Organization acquired the building en bloc for $700 million.

According to Shaw Lay See, chief operating officer of the sales & leasing group at Far East Organization, Aurea’s prime location in District 7 within the …

Elta, the latest 501-unit residential development in Clementi, is set to be unveiled by joint developers MCL Land and CSC Land Group. The property will open for preview from February 7, with public sales to follow on February 22.

Situated on a 99-year leasehold land site spanning approximately 144,788 sq ft, Elta is located along Clementi Avenue 1 and features two 39-storey residential buildings. The development offers a variety of units ranging from one-bedroom-plus-study units to five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. According to the developers, the project will adhere to URA’s harmonisation guidelines.

When contemplating an investment in a condominium, it is crucial to evaluate the potential rental yield. Rental yield refers to the annual income generated from renting out the property, calculated as a percentage of the purchase price. In Singapore, the rental yields for condos can vary greatly, depending on …

SINGAPORE (February 27): A high-specification warehouse and factory, situated in the industrial estate of Gul Circle, is now open for sale through an expression of interest with a guide price of $42 million. The sole marketing agent for the sale is Knight Frank Singapore.

The property, which is situated on a JTC leasehold five-storey single-user factory and warehouse, is equipped with a mezzanine that has four floors. It offers a total gross floor area of approximately 245,955 square feet and sits on a 105,648 square feet site with a remaining tenure of 15 years and 11 months as of February 1. It is zoned as a Business 2 site under the Urban Redevelopment Authority Master Plan 2019.

Investing in a condo in Singapore offers numerous benefits, one of which is the potential for capital appreciation. Singapore’s advantageous location as a prominent global business hub, along with its robust economic foundations, …

Markets in Singapore

According to a report by Colliers in February, the prices and rents of industrial properties in Singapore are expected to moderate this year due to a higher supply and weaker demand. The firm predicts that both the annual growth in rental rates and property prices will be between 0% to 2% in 2025, compared to the 3.5% growth seen in 2024.

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Investing in a condo offers multiple advantages, including the opportunity to leverage the property’s value for future investments. By using their condos as collateral, investors can secure additional financing and grow their real estate portfolio. However, this strategy comes with risks, making it important to have a solid financial plan and carefully consider market fluctuations. For more options, interested investors can also explore the latest New Condo Launches available in the market. These new launches can offer even more opportunities for growth and diversification …