The selling of a 818 sq ft two-bedroom unit at Grange 1866 for $2.78 million on Nov 27 set a new price peak of $3,393 psf for the development, topping the list of new psf-price highs in the week of Nov 22 to 29. This narrowly surpasses the previous record of $3,390 psf set in June last year.

Grange 1866 has seen 12 new sale transactions so far this year, with an average price of $3,181 psf. The most expensive unit sold this year was a 1,012 sq ft two-bedroom unit on the 16th floor for $3.02 million ($2,989 psf). To date, 45 out of the 60 units in the 16-storey development have been sold.

Apart from Grange 1866, Hill House and The Cosmopolitan also saw new psf-price highs during the period in review.

Hill House, a 999-year leasehold condo located in prime District 9, saw a new psf-price high …

Global property market enters recovery phase in 2Q2024 following two years of consecutive losses due to rising interest rates. This is a promising sign for investors to revisit this asset class, which saw record-high returns in the era of low interest rates. However, the correction in values brought it back to 2018 levels globally. With the market correction nearing its end, now is the time to consider investing in real estate, as it has historically provided stable income and diversification benefits over the long term, and can offer robust returns during recovery periods. For instance, after the early 90s recession, investors saw a 76% cumulative return over the next five years. Similarly, after the tech-wreck in the early 2000s and the Global Financial Crisis in 2008, returns were 98% and 86% respectively in the following five years.

Evidence of a recovery can be seen in 2Q2024, with global value losses …

The top-performing resale condo deal during the week of Nov 26 to Dec 3 was the sale of a freehold apartment at Island View in Pasir Panjang. The seller made a record profit of $3.5 million after owning the unit for 19 years, representing a capital gain of 269% or an annualised profit of 14.2%.The 3,498 sq ft unit was sold for $4.8 million, at a price of $1,372 per square foot, on Nov 27. The seller had originally purchased the unit in September 2005 for $1.3 million, or $372 per square foot. Island View is a 72-unit boutique condo located on Jalan Mat Jambol, off Pasir Panjang Road in District 5. The freehold development, which comprises low-rise blocks with apartments ranging from 3,056 sq ft to 3,538 sq ft, was completed in 1984. It is located within walking distance from the Pasir Panjang MRT Station on the Circle Line.AdvertisementRead …

The decision to invest in a condo in Singapore has gained immense popularity among both domestic and international investors, given the country’s strong economy, stable political climate, and exceptional quality of life. With its dynamic real estate market, Singapore presents a plethora of opportunities, with condos being a top choice for their convenience, luxurious amenities, and potential for lucrative returns. In this article, we delve into the advantages, factors to consider, and crucial steps to take when venturing into the world of condo investment in Singapore, including keeping an eye out for attractive new condo launches.

Singapore-based flexible living company Cove has recently welcomed Ashish Manchharam, a real estate and hospitality expert, as its newest board director.

Manchharam, who has more than a decade of experience in the industry, is widely known for founding and growing 8M Real Estate to a massive portfolio worth $1.5 billion. He later sold …

William Liem, CEO of real estate firm Tuan Sing Holdings, has once again increased his stake in the company.On Dec 5 and 6, Liem purchased a total of 1.7 million shares through an entity called Nuri Holdings (S). The 545,300 shares bought on Dec 5 were acquired from the open market for a total of $136,325.00, or 25 cents per share. The following day, another 1.2 million shares were bought for around 25.9 cents each, amounting to $311,288.50. This has brought Nuri Holdings’ total stake in Tuan Sing to 54.09%, or 672.7 million shares.AdvertisementAdvertisementThis is not the first time that Nuri Holdings has been used to purchase shares of Tuan Sing. In September, the Liem family bought shares at an average price of 25 cents to 25.5 cents each.Upon these recent purchases, Tuan Sing’s net asset value per share as of June 30 this year stands at 97.8 cents, a …

The manager of AIMS APAC REIT (AA REIT) has announced that the REIT’s trustee, HSBC Institutional Trust Services (Singapore) Limited, has signed a sales and purchase agreement with Crown Worldwide for the sale of its property at 3 Toh Tuck Link. The sale price of $24.388 million represents a 32.5% premium to the property’s valuation of $18.4 million as of March 31. The property consists of a three-storey factory and a five-storey ancillary office building, with a total gross floor area of 12,492.4 sqm. This sale follows the recent news of the industrial building on Toh Tuck Link being put on the market for $30 million.

The net proceeds from this divestment will be reinvested to support AA REIT’s growth initiatives, including potential new acquisitions, asset enhancement initiatives, and future redevelopment projects. Russell Ng, CEO of the manager, states that this divestment is in line with their proactive asset management …

A conservation shophouse located at 93 Tanjong Pagar Road is currently available for purchase through an expression of interest (EOI) exercise at a price guide of $15.5 million. This 3½-storey property sits on a land area of 1,297 sq ft and has a total gross floor area (GFA) of 4,186 sq ft, which translates to a guide price of $3,703 psf on the GFA.

(Source: EdgeProp LandLens)

This 99-year leasehold shophouse is zoned for commercial use and has been approved for F&B purposes. At present, it is tenanted by a popular Korean barbecue restaurant chain located on the first and second levels. Its strategic location puts it just a short stroll away from the Tanjong Pagar MRT Station on the East-West Line and the Maxwell MRT Station on the Thomson-East Coast Line.

The cityscape of Singapore is characterized by impressive skyscrapers and state-of-the-art facilities. Condominiums, strategically situated in desirable locations, …

Perennial Holdings and Far East Organization have recently announced the much-anticipated unveiling of the next chapter in the history of the former Golden Mile Complex. During a press conference on Dec 10, the development partners showcased their vision for the refreshed conservation building and revealed the preview of its strata-titled commercial units.

Together, this entire development will be known as Golden Mile Singapore and will be the first large-scale strata-titled conserved building in Singapore. The building will maintain its iconic identity as a tropical linear urban complex with its brutalist architecture.

Previously known as the Golden Mile Complex, the conserved building is now renamed The Golden Mile. It will be repositioned as a commercial development, featuring 156 Grade A office units, 19 medical suites, a two-storey retail component spanning 123,388 sq ft, and a public access architecture centre.

According to Perennial and Far East, the office units and medical suites …