Month: March 2025

The developer Sim Lian Group made an impressive sale of 682 units (90%) out of the total 760 units of its executive condominium (EC) project, Aurelle of Tampines, on Mar 8. Located at Tampines Street 62, the units were sold at an average price of $1,766 psf.

According to Kuik Sing Beng, executive director of Sim Lian Group Limited, all four- and five-bedroom units have been sold, while 84% of the three-bedroom units have also been snapped up. He attributes the high demand for the EC to its well-designed and connected homes in the highly sought-after regional centre of Singapore.

For interested buyers, the latest information on available units and prices for Aurelle Of Tampines can be obtained.

PropNex CEO, Ismail Gafoor, notes that the average price of $1,766 psf has set a new record for launch prices in the EC market. He also points out that the 90% take-up …

A luxurious three-bedroom unit at One Holland Village Residences has set a new record for psf-price at the development, reaching $3,781 during the period of Feb 16 to 21. The unit, spanning 1,238 sq ft on the 25th floor, was sold for a hefty $4.68 million on Feb 17. This marks the first transaction at the 99-year leasehold project this year.The sellers of the unit had purchased it directly from the developer back in November 2023 for around $4.19 million, which translates to $3,385 psf. This means that they made a handsome profit of around $490,000 from the sale.The latest transaction has surpassed the previous record price of $3,426 psf, which was achieved by the developer through the sale of a four-bedroom unit spanning 2,088 sq ft for $7.15 million in August 2022.Read also: Two-bedder at Hill House sets new high of $3,398 psf AdvertisementAdvertisementAnother noteworthy sale during the review …

An exclusive marketing agent, Colliers International, has announced the sale of a three-storey terrace factory at Midview City, listed at a guide price of $6.2 million or $688 per square foot. This property, situated at Sin Ming Lane in the bustling Sin Ming Industrial Estate, boasts a basement and roof terrace along with a total strata area of 9,009 square feet. Under the URA Masterplan 2019, it holds a “Business 1” zoning, making it suitable for various industries.

The factory has been recently approved for use as a childcare centre and is fully-leased, making it an attractive investment opportunity for buyers. Currently leased to Star Learner, a reputable preschool and childcare centre, this 60-year leasehold property offers stability and potential for rental income.

Constructed in 2012, Midview City is a light industrial building with a 60-year leasehold. It benefits from a convenient location, within walking distance to Bright Hill MRT …

Liquidity-rich Asia Pacific real estate markets are attracting a lot of interest from investors, according to Hamish MacDonald, head and chief investment officer of APAC Real Estate at BlackRock. He believes that this year, property sectors such as accommodation, logistics, and alternative assets will benefit from positive economic conditions.

In summary, there are numerous benefits to be gained from investing in a condominium in Singapore. These include a high demand for properties, potential for increasing value over time, and desirable rental yields. However, it is important to carefully assess various factors such as location, financing options, government regulations, and market conditions. By conducting thorough research and seeking expert guidance, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and lucrative opportunity, Singapore’s condominiums offer an attractive …

Over the years, it’s become apparent that show flats have been shrinking in size. This isn’t surprising, as our perception of space is relative to what we’re used to. In the 1990s and 2000s, HDBs and condos were larger in size compared to now. In 1995, the average size of a new condo was 1,272 sq ft. In 2005, it was 1,286 sq ft. And in 2015, it was 858 sq ft. By 2024, it had increased to 929 sq ft. However, the demographic has changed significantly over the years. In 1995, the average household size was four, which decreased to 3.6 in 2005, 3.4 in 2015, and later 3.1 in 2024.

On a per-household-member basis, the average space was 318 sq ft in 1995, and it increased to 357 sq ft in 2005. However, it dropped to 252 sq ft in 2015 and then increased by 19% to 300 …

The Ministry of National Development (MND) has announced enhancements to the Silver Housing Bonus (SHB) and the Fresh Start Housing Scheme (Fresh Start) during this year’s Committee of Supply debate. These changes seek to support senior citizens in right-sizing and improve public housing access for lower-income households living in HDB rental flats.The SHB was introduced to encourage senior citizens to better prepare for retirement by unlocking the value of their residential assets and transferring it into their CPF Retirement Account (RA). As of now, applicants must meet certain eligibility criteria in order to qualify for the SHB. They must be aged 55 and above, have a monthly income below $14,000, own a property with an Annual Value (AV) of less than $21,000, and opt for a three-room or smaller HDB flat (excluding three-room terrace) as their replacement property.However, with effect from 1st December 2019, seniors will be awarded the SHB …

The Ministry of National Development (MND) has recently announced revisions to the Additional Buyer’s Stamp Duty (ABSD) regime for licensed housing developers. These changes, which will take effect on March 6, aim to encourage developers to undertake urban transformation developments, optimise land use, rejuvenate older estates, and adopt new construction technologies.

One of the key revisions is the extension of the ABSD remission timeline for developers undertaking complex projects from six to 12 months. This is meant to incentivize developers to take on more challenging projects, such as en bloc redevelopments yielding at least 700 units and having 1.5 times the number of homes compared to the existing development. Other projects that will benefit from the extension include those with complex technical or instructional requirements, such as projects integrated with major public transport facilities.

Additionally, projects approved under the Strategic Development Incentive (SDI) scheme and projects that aim to achieve …

A major benefit of investing in a Singapore condo is its potential for capital growth. The country’s advantageous position as a prominent business hub, along with its robust economy, creates a constant demand for real estate. In recent years, property prices in Singapore have consistently risen, with condos in prime areas experiencing significant appreciation. Those who enter the market at an opportune time and hold onto their properties for an extended period can reap substantial profits. Additionally, consider exploring Condo to enhance your investment options.

Please rewrite the attached article.The Land Transport Authority (LTA) is currently conducting feasibility studies for two new MRT lines that are aimed for completion in the 2040s. These new lines could potentially serve more than 400,000 households.Among the proposed rail lines is the Seletar Line, which would cover areas including Woodlands, Sembawang, Sengkang West, Serangoon North, Whampoa, Kallang, and the Greater Southern Waterfront. The second …

Elias Green, a 99-year leasehold condo located in Pasir Ris, will be put up for collective sale through public tender on March 6. This announcement comes from ERA Realty Network, the appointed marketing agent for the property, which has a guide price of $928 million.

Developed in 1994, the condo spans a land area of approximately 516,871 sq ft, with a residential zoning and gross plot ratio of 1.4. Comprising of multiple blocks, the property offers 419 units ranging from 1,367 to 1,636 sq ft in size. As it is a 99-year leasehold property from 1991, it still has a remaining lease of 65 years.

According to ERA, the guide price of $928 million equates to a land rate of $1,355 psf per plot ratio (ppr). This includes an estimated land betterment charge of $150.8 million for intensification and renewal of the lease, as well as a 10% bonus gross …