Month: March 2025

A condominium unit with two bedrooms at The Esta has recently achieved the highest psf-price in the private condos market, from Feb 21 to 28. The freehold development saw a new record psf-price of $2,377 when a 1,001 sq ft unit was sold for $2.38 million on Feb 26. The sellers of the unit, located on the seventh floor, had purchased it for $1.83 million, or $1,833 psf, in March 2021, making a profit of approximately $545,000.

This latest transaction surpasses the development’s previous record of $2,317 psf, when a three-bedroom unit measuring 1,346 sq ft was sold for around $3.2 million in January last year. The average resale price of condo units at The Esta has been steadily rising over the past three years. In 2022, the project recorded 10 transactions with an average psf-price of $2,012. This increased to $2,156 in 2023 for nine resale transactions. Last year, …

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According to a recent report by the Urban Land Institute (ULI) and PwC, published on March 12, investors in the Asia Pacific (Apac) region are concerned about low yields and slow transaction volumes.

The report gathered insights from global asset managers, such as Blackstone from the US, Savills Investment Management from the UK, and CBRE Investment Management. More than 70% of survey respondents identified low yields, high interest rates, and geopolitical tensions as the top three concerns.

Despite these concerns, the region remains attractive to industry leaders as a diversification strategy due to its growing population and demographic metrics, as well as diverging monetary policies, such as Japan’s plan to increase short-term interest rates.

Last year, the region saw a 13% increase in real estate transactions, reaching a total of US$173.5 billion ($231.3 billion), surpassing the growth rates of both Europe, Middle East, and Africa (EMEA) at 12% …

SRI Capital Market, the exclusive marketing agent, has put a 999-year leasehold conservation shophouse at 20 Liang Seah Street up for sale at a guide price of $15 million. The property, which will be sold through an expression of interest (EOI) exercise, is an excellent investment opportunity for buyers looking to own a piece of prime real estate.

The three-storey shophouse, located on a 1,129 sq ft plot, comes with a gross plot ratio of 4.2 and is zoned for both residential and commercial use under the latest Master Plan. With a built-up area of 2,635 sq ft, the guide price translates to approximately $2,635 psf.

When contemplating a condominium investment, it is crucial to also evaluate the potential rental return. This refers to the yearly rental income as a percentage of the property’s buying price. In Singapore, the rental yields for condos can significantly vary based on factors such …

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In summary, purchasing a condo in Singapore presents a plethora of benefits, including its strong demand, potential for appreciation in value, and favorable rental yields. Nevertheless, it is crucial to carefully contemplate various factors such as the location, financing options, government regulations, and market conditions. With thorough research and seeking expert advice, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether a domestic investor seeking to expand their portfolio or an international buyer eyeing a secure and lucrative investment, condos in Singapore, available through Condo offers an enticing opportunity.

The long-standing conflicts between the Kwek family members at City Developments Limited (CDL) seem to have finally come to an end. In a statement issued by executive chairman Kwek Leng Beng, it was announced that he will be discontinuing all legal actions against the faction of board directors led by his son and …

SLD, the interior design firm founded by renowned architect and designer Steve Leung, is making its mark on the European market through a partnership with Italian designer Andrea Bonini.

The publicly listed company, based in Hong Kong, will be launching its first European branch under the brand SLD . Andrea Bonini. This new studio will offer top-notch interior design services and products to clients in both Asia and Europe, catering to high-end homes and luxury hospitality spaces.

The much-anticipated launch of SLD . Andrea Bonini will take place in April at Salone del Mobile, Milan’s annual furniture fair. This event will also mark the debut of the brand’s first products, including a smart home lighting collection created in collaboration with smart home manufacturer Moorgen.

When considering investing in Singapore, it is crucial for foreign investors to have a clear understanding of the regulations and limitations surrounding property ownership. In general, …

CapitaLand and Microsoft Sign MoU to Harness AI and Advanced Technologies for Businesses

When contemplating an investment in a condominium, it is crucial to also evaluate the potential rental yield. Rental yield refers to the annual rental income in relation to the property’s purchase price. In Singapore, the rental yields for condos can differ significantly based on factors such as location, property condition, and market demand. Generally, areas with a high demand for rentals, such as those near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of the rental potential of a specific condo, it is advisable to conduct thorough market research and seek advice from real estate agents. Additionally, keeping an eye on Singapore Projects can also provide valuable insights into the rental market.

In a major move, CapitaLand Group has announced the signing of a memorandum of understanding (MoU) with …

mark”CapitaLand has agreed to partner with Microsoft in order to utilize the power of artificial intelligence and other advanced technologies in its business operations. Through this collaboration, CapitaLand will become part of Microsoft Singapore’s AI Pinnacle Program, which will empower the company to increase customer engagement and improve operational efficiency across its funds, investments, retail, lodging, and development businesses. Among the potential areas of collaboration, CapitaLand will explore opportunities in infrastructure development and use Microsoft’s Azure cloud computing platform to enhance CapitaLand Investment’s data centre design and products. Additionally, CapitaLand will also incorporate AI, data analytics, and machine learning to strengthen its digital and business transformation efforts. According to Quah Ley Hoon, group chief corporate officer of CapitaLand Investment, this collaboration with Microsoft marks a significant milestone in the company’s digital transformation journey. They believe that AI will play a crucial role in shaping their future by streamlining operations and …

A portfolio of 14 retail shops located in Peninsula Plaza, Sim Lim Square, and Far East Plaza is currently available for sale through an expression of interest (EOI) exercise. The properties, which are marketed by ERA Realty Network, have a total asking price of $26.46 million.

The two units at Peninsula Plaza, a 999-year leasehold mixed-use development on North Bridge Road, are being sold together for $8 million, or $8,081 per square foot (psf). These adjoining ground-floor shop units have a combined strata area of approximately 990 sq ft.

Built in 1980, Peninsula Plaza is a 30-storey commercial development featuring a six-storey retail podium and a 24-storey office tower. It is conveniently connected to the City Hall MRT Interchange Station, providing easy access to both the North-South and East-West lines.

At Sim Lim Square, 11 strata units on the fifth floor are up for sale with a total strata area …

GuocoLand, a leading property developer, has recently announced that it has successfully secured a green club facility worth $367.1 million from DBS Bank. The facility will be used to develop its Faber Walk site, which was awarded to GuocoLand and its joint venture partners, TID and Hong Leong Holdings, through a Government Land Sale tender in November last year.

The partners were able to secure the site with a top bid of $349.86 million, equivalent to $900 per square foot per plot ratio for the 277,659 square feet land parcel. The future development is set to comprise of nine low-rise blocks and a total of 399 residential units. Located within the prestigious Faber Walk landed private residential enclave, the development boasts of a prime waterfront location next to the Pandan River and the upcoming Old Jurong Line Nature Trail.

The green club facility for the Faber Walk project is in …

By: EdgeProp SGBrand Insight | February 17, 2024

Aurea, one of the first luxury residential projects launched in the Core Central Region (CCR) in 1Q2025, went on sale on Mar 8. Jointly developed by Far East Organization and Perennial Holdings, the project has already sold 23 units at an average price of $3,005 psf.

The first phase of sales saw the release of 78 units, ranging from two- to four-bedroom apartments from levels 4 to 16. This translates to a sales rate of 30% based on the 78 units released.

Aurea, designed by DP Architects, boasts a unique “hanging garden” concept and stands out as the first new private condominium connected to a mixed-use development that was sold en bloc and conserved, now known as Golden Mile Singapore.

Out of the 188 units spread across 45 storeys, 83% of the buyers at Aurea are Singaporeans, with Permanent Residences (PRs) from …