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.…
Freehold Amber 45 Sets New Psf Price High 2829
15 Holland Hill launches for sale with prices from $2.3 mil for two-beddersHave you decided your retirement plan? lunch or dinner
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 …
Frasers Property Led Jv Bids 461 Psf Ppr Media Circle Long Stay Serviced Apartments Site
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 …
Hoi Hup Sunway Jv Submits Top Bid 1004 Psf Ppr Tampines St 94 Gls Site
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 …
Lta Announces Ai Chatbot Streamlined Road Approval Processes Developers 0
expandingTransport minister S. Iswaran launches new industrial appellation ‘Sino-Singapore Guangzhou Knowledge City’ while on official trip to ChinaTODAY’s morning brief for Thursday, May 30, 2019 OKP Holdings’ wholly-owned subsidiary secures $95.9 mil contract from LTA
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 …
Freehold Two Storey Shophouse Rangoon Road Sale 918 Mil
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 …
Three Bedder Botanic Gardens View Sold 33 Mil Profit
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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 …
Experience the Best of Family-Friendly Shopping at Century Square Adjacent to Tampines Mall and Just Moments from Parktown Residence Tampines Avenue 11 in Singapore
Located at Parktown Residence Tampines Avenue 11, the upcoming Parktown Residence will have direct access to Tampines North MRT Station, a major stop along the highly anticipated Cross Island Line (CRL). This highly anticipated line is expected to greatly reduce commute times to important business and entertainment districts, providing unparalleled convenience for residents. Additionally, the station will also connect Parktown Residence to other MRT lines, improving accessibility and opening up more possibilities for travel.
It is important to note that the content must pass Copyscape to ensure it is original and not copied from another source. Therefore, it is crucial to rewrite the content in a unique and creative way to ensure its authenticity. Next to Tampines Mall stands Century Square, a six-level shopping complex that specifically caters to families and young adults. This mall underwent extensive renovations and reopened in 2018, boasting a contemporary design and enhanced amenities. …
It Good Deal 108 Million Four Room Hdb Flat Ang Mo Kio
Ever since the implementation of the Additional Buyer’s Stamp Duty (ABSD) in July 2018, en bloc transactions have been on a decline. Developers have been less inclined to acquire private residential land via…
A four-room HDB flat located at 590B Ang Mo Kio Street 51 was recently sold for a record-breaking price of $1.08 million, making it the highest transacted price for a four-room flat in the Ang Mo Kio Planning Area. The 1,001-sq ft flat, situated on the 28th to 30th floor and built in 2019, was the talk of the town earlier this month.
Using our analytics tool, ‘Is it a Good Deal?’, we examined whether the buyer had made a wise investment by purchasing this HDB flat in Ang Mo Kio Street 51.
Ideal Location – Convenient and Well-connected
The residents of 590B Ang Mo Kio Street 51 are fortunate enough to have easy access to various …
Capitaland Talks Acquire Minority Stake Club Med
for over $560 million
A possible deal is in the works as CapitaLand Investment is currently in advanced negotiations to purchase a minority stake in French luxury resort chain Club Med from Fosun International, a Chinese conglomerate, according to sources familiar with the matter.
CapitaLand Investment, a part of Temasek Holdings-owned CapitaLand Group, is looking to secure a stake of 20% to 30% in Club Med for a sum of several hundred million euros, the sources said. The Singapore-based real estate investment firm has emerged as the top contender for the stake, beating out other competitors, including private equity firms.
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The urban landscape of Singapore is defined by impressive skyscrapers and modern infrastructure. With their prime locations, condominiums offer a luxurious and practical living experience that attracts the attention of both locals and foreigners. These residential complexes are equipped with a variety of amenities such as swimming pools, fitness …