Sultan Plaza, a commercial strata retail space located at 100 Jalan Sultan off Beach Road, has recently been put up for sale through Expression of Interest with a guide price of $39 million. The property has a strata area of 30,946 sq ft, which amounts to $1,260 per sq ft on total strata area. The net leasable area is approximately 17,000 sq ft, excluding the void space of around 14,000 sq ft.

The 99-year leasehold asset consists of 211 commercial units and 33 offices, making up a total of 244 strata lots spread across nine storeys. With its lease commencing in May 1978, the property has a remaining lease term of about 46 years. Fully zoned for commercial use, the development boasts large single-floor plates and holds a public entertainment license, a rare feature in commercial buildings. This presents an exceptional opportunity for investors as established tenants can easily occupy …

The prestigious housing enclave of Gilstead Road, Gentle Road, and Buckley Road, located off Newton Road in prime District 11, is undergoing a renewal. According to Senior Executive Group Division Director at ERA Realty Network, Brenda Zee, this housing estate used to be predominantly bungalow area and home to many of the elite in Singapore. However, over the years, many bungalows were sold to buyers who saw the potential to redevelop them into semi-detached houses, strata-titled landed housing projects, or low-rise condominiums. Examples of this renewal include Buckley Classique, Gilstead Two, and Villas @ Gilstead.

A significant deal in the area was the sale of two adjacent freehold bungalows at 32 and 34 Gilstead Road with a site area of 43,458 sq ft for $70 million ($1,611 psf). This was recorded in a caveat lodged in December 2021. The buyer, Kheng Leong Co, is redeveloping the site into a new …

When it comes to investing in Singapore, it is crucial for international investors to have a clear understanding of the country’s property regulations and restrictions. While foreigners have more freedom to purchase condos, owning landed properties is subject to stricter rules. It is worth noting that foreign buyers also have to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. However, despite these extra expenses, the stability and potential for growth in the Singapore real estate market remain alluring to foreigners, making properties like Singapore Condo a popular investment option.

In a recent article by EdgeProp Singapore, it was reported that the entire sixth floor of Tong Building on Orchard Road was successfully sold for a record-breaking price of $31.33 million, equivalent to $4,562 per square foot. The sale was recorded on Sept 3.

The deal was brokered by Yap Hui Yee, executive director of …

Last week, it was reported by EdgeProp Singapore that the entire sixth floor of Tong Building on Orchard Road was successfully sold for a record-breaking price of $31.33 million, which equates to a staggering $4,562 per square foot (psf) based on a Sept 3 caveat. The deal was facilitated by Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore. The buyer of the 6,867 square feet strata office floor is Parkway Hospitals Singapore, a member of Bursa Malaysia-listed private healthcare provider IHH Healthcare.

This significant transaction illustrates Parkway Hospital’s plans for expansion as it aligns with their recent acquisition of the freehold office floor. The prime location of the Tong Building, which is a short walking distance from Mount Elizabeth Hospital, also owned by IHH Healthcare, was a key factor in the buyer’s decision. Additionally, Parkway Hospital was able to secure a rare medical change …

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When investing in a Singapore Condo, it is essential to consider the aspect of maintenance and management. These types of properties often come with included maintenance fees, which are intended to cover the upkeep of shared areas and facilities. While these fees may increase the overall cost, they are crucial in maintaining the quality and value of the property. Additionally, utilizing the services of a property management company can help owners effectively manage their condos, transforming it into a more passive investment opportunity.

Rezt+Relax Interior Design and PAL Design Group Partner to Elevate Luxury Living in Singapore Rezt+Relax Interior Design and PAL Design Group have announced a new partnership that is set to transform the landscape of luxury living in Singapore. With its focus on modern design and innovative solutions, the collaboration is expected to bring a fresh, global perspective to the local market.

Established in 1994, PAL …

A pair of adjoining conservation shophouses on Telok Ayer Street has been put on the market through an expression of interest (EOI) exercise with an indicative price of $42 million. Spanning a total land area of about 2,841 sq ft, the shophouses, located at 132 and 134 Telok Ayer Street, boast a 999-year leasehold tenure and are reserved for commercial use.Taking into account their total floor space of approximately 8,000 sq ft, the indicative price translates to an estimated $5,250 per square foot on the floor area. Positioned near the junction of Telok Ayer Street and Boon Tat Road, it takes only about two minutes to reach the Telok Ayer MRT Station on the Downtown Line. Additionally, these shophouses are situated within the larger Telok Ayer Conservation Area, which also covers other shophouses along Amoy Street, Ann Siang Road, Boon Tan Street and Club Street.A closer look at recent shophouse …

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It is crucial to factor in maintenance and management when making an investment in a condo. These properties often require a maintenance fee, which covers the upkeep of shared spaces and amenities. While this expense may contribute to the overall cost of owning a condo, it also guarantees that the property maintains its value and remains in excellent condition. To ease the burden of managing a condo, it is recommended to enlist the services of a property management company, making it a less hands-on investment. Condos bring an added layer of convenience and support to investors.

According to data released by the Urban Redevelopment Authority (URA) on September 16, developers in Singapore sold 208 new homes, excluding executive condos (ECs), in August. This marks a significant decrease of 63.6% from the 571 new homes sold in July. On a year-on-year basis, sales were also down by 47.2% compared to …

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Singapore’s homegrown beauty salon Bioskin, led by CEO and founder Mathilda Koh, has recently acquired a bungalow at Cove Drive in the exclusive waterfront enclave of Sentosa Cove. The purchase price of $14.155 million was based on a caveat lodged on September 2.

Sitting on a 7,968 sq ft, 99-year leasehold site, the bungalow was built in 2011 and boasts a swimming pool. The property offers an unobstructed view of the award-winning Sentosa Golf Club’s Tanjong Golf Course and the CBD skyline. It was previously bought for $12.5 million ($1,569 psf) in April 2012.

Investing in real estate is a strategic decision that requires careful consideration, and location is a critical factor to take into account. This is particularly true in Singapore, where the location of a condo can greatly impact its value. Condos located in central areas …

JLD housing site up for sale on confirmed list for first half of 2024URA places Jurong Lake District GLS site on reserve list

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Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. While foreigners can easily purchase condos in the country, there are stricter rules for owning landed properties. Moreover, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this added expense, the stable and promising growth of the Singapore real estate market continues to attract foreign investment. With the introduction of new condo launches, the market is poised for even more growth and opportunities for foreign investors.…

The Chua family, who are based in Hong Kong, were one of the first buyers to purchase at Draycott Eight, a luxury private condo development in Singapore back in 2005. The prime location, just off Scotts Road and Orchard Road, was a major draw for the family. They purchased two four-bedroom units in 2006, with the intention of using one as a rental unit. The family enjoyed living at Draycott Eight so much that they bought an adjoining unit in 2006. However, after living abroad, they have decided to sell both units. The units have been renovated and are now on the market for $7.18 million each, or $14 million if bought together. Draycott Eight has been a sought-after development due to its prime location, facilities, and views of Ardmore Park and the Goodwood Hill Estate. Investors looking to purchase units for rent may enjoy higher yields due to the …