A 1,593 sq ft strata office unit at Havelock II, located at 2 Havelock Road, will be up for auction at SRI’s upcoming property auction on Sept 25. This corner unit on the seventh floor boasts a regular layout and is fitted with meeting rooms, a washroom and a general work area. It also receives ample natural light and has its own independent air-conditioning system, according to Mok Sze Sze, managing partner of auctions at SRI. The property comes with an accessory lot spanning 11 sq ft, bringing the total strata area to 1,604 sq ft. With a guide price of $2.63 million, the unit translates to $1,651 psf.

The unit was previously purchased from the developer in September 2014 for about $3.35 million, or $2,115 psf, according to URA caveats. Currently tenanted to a business service provider, the unit will be sold with its existing tenancy which expires in …

The latest price psf of $2,829 for Amber 45 is the highest recorded in the development’s history. The transaction on Sept 2 marks the first time a unit in the development has been sold for more than $2,800 psf.Freehold development Amber 45 has topped the list of condos that have hit a new psf-price peak in the period between Aug 30 and Sept 8. The condo recorded a new high of $2,829 psf when a three-bedroom unit on the sixth floor was sold for $3.35 million on Sept 2.It is the first time a unit at Amber 45 has been sold for more than $2,800 psf, surpassing the previous record of $2,791 psf set last December. The previous record was set when a two-bedroom unit on the 19th floor was sold for about $1.95 million.The seller of the three-bedroom unit purchased the property from the developer in May 2018 for …

When it comes to investing in real estate, one cannot stress enough the importance of location, especially in Singapore. The location of a condo plays a significant role in its value appreciation. For instance, condos situated in central areas or near essential amenities like schools, shopping malls, and public transportation hubs are more likely to increase in value. Take, for example, prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown positive growth. Additionally, being in close proximity to reputable schools and educational institutions makes condos in these areas highly sought after by families, further enhancing their investment potential. To stay updated on the latest opportunities, interested investors can also keep an eye on new condo launches.…

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Amber 45, a freehold development, has set a new record for the highest psf-price in the period between Aug 30 and Sept 8. A 1,184 sq ft, three-bedroom unit on the sixth floor was sold for $3.35 million on Sept 2, resulting in a new peak psf price of $2,829.

This is the first time a unit at Amber 45 has been sold for more than $2,800 psf. The previous record of $2,791 psf was set in December last year when a 700 sq ft, two-bedroom unit on the 19th floor was sold for about $1.95 million.

Completed in 2021, Amber 45 is a 139-unit freehold development located at 45 Amber Road in District 15. The project, which is designed by renowned architect Tang Guan Bee, consists of a …

The tender for the government land sales (GLS) residential site at Media Circle concluded on September 19, with only one bid of $120.09 million or $461 psf per plot ratio (ppr). The bid was submitted by a consortium led by Frasers Property, a Singapore-listed property group, along with Padawan MC and Empire One North Property.

The site is located within District 5’s one-north and has been zoned for long-stay serviced apartments (at least three months’ stay) with commercial use on the first storey. It spans over 62,046 sq ft and has a maximum gross floor area of 260,605 sq ft. With a 60-year lease, it is anticipated to accommodate 520 units.

This site is the first GLS residential site to be released for sale that is exclusively zoned for long-stay serviced apartments.

The location of the Media Circle site is advantageous, as it is near Mediapolis which is the headquarters …

The tender for a mixed-use commercial and residential site at Tampines Street 94 closed on September 19, with a total of six bids received by the government. The highest bid of $668.28 million, or $1,004 per square foot per plot ratio (psf ppr), was submitted by a joint venture between Hoi Hup Realty and Sunway Developments.

Spanning 252,989 square feet and with a maximum gross floor area of 665,366 square feet, the 99-year leasehold site is estimated to yield around 585 residential units, according to the Urban Redevelopment Authority (URA). The winning bid by Hoi Hup Realty and Sunway Developments was just 1.9% higher than the second highest bid of $985 psf ppr submitted by Sing Holdings Residential.

When contemplating an investment in a condo, it is crucial to evaluate its potential rental yield. Rental yield is the annual rental income as a percentage of the condo’s purchase price. In …

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The Land Transport Authority (LTA) is currently developing an AI chatbot to assist developers and appointed contractors in adhering to regulatory requirements. Minister of Transport Chee Hong Tat announced this at the mid-autumn lunch of the Real Estate Developers’ Association of Singapore (REDAS) on Sept 17, where he was the guest of honor.

This initiative is part of the government’s ongoing efforts to review existing rules and simplify procedures for road and building works approvals. The move aims to provide convenience and efficiency for industry professionals by eliminating the need to manually search through online publications to verify LTA regulatory requirements that apply to their development proposals. Chee stated that the chatbot will be able …

The 221 Rangoon Road shophouse, a freehold two-storey property, has been listed for sale through an expression of interest (EOI) exercise. The property, which is situated on a 2,145 sq ft land with a total built-up area of 3,347 sq ft, is zoned for residential use with a gross plot ratio of 3.0 according to the 2019 Master Plan. The guide price for the property is $8.88 million, equivalent to $2,653 psf on the built-up area.

The ground floor of the property is currently leased to a restaurant for F&B use, while the upper floor is rented out for residential purposes. This presents a great opportunity for future investors to enjoy immediate rental income, as mentioned by Sammi Lim, the founder and executive director of Brilliance Capital, which is the sole marketing agent for the property. Lim anticipates a high level of interest from co-living operators, boutique developers, and family …

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When it comes to investing in real estate, purchasing a condo in Singapore can be a wise choice. This is due to the many benefits it offers, including a high demand in the market, potential for capital appreciation, and attractive rental yields. However, it is crucial to carefully consider various factors such as location, financing options, government regulations, and market conditions before making a decision. By conducting thorough research and seeking professional advice, investors can make informed decisions and maximize their returns in Singapore’s dynamic real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, condos in Singapore, available on platforms such as Singapore Condo, present a compelling opportunity worth considering.

Sept. 3 to Sept. 10 saw the most profitable condo resale transaction at Botanic Gardens View, with a three-bedroom unit on …