Casa Fidelio, a cluster development located on Fidelio Street in District 15, will soon be up for collective sale. The property, consisting of seven strata-titled landed units, has a reserve price of $24 million and will be launched for tender on March 20 by PropNex Realty, the appointed marketing agent.

According to PropNex, this is the first attempt at an en bloc sale for the owners of Casa Fidelio, which was completed in 1990. The land area of the development is approximately 17,293 sq ft and is zoned for residential use, with a two-storey mixed-landed housing designation.

Casa Fidelio is located in a landed housing enclave, and is close to various amenities including East Coast Park, dining options and shopping malls such as Siglap Village, Siglap Centre and Bedok Mall. More amenities are expected to be available with the completion of Kembangan Wave, an integrated public housing project next to Kembangan MRT Station.

Nearby schools include Opera Estate Primary School, St Stephen’s School and Victoria School. The site is suitable for redevelopment into luxury cluster houses, landed terraces or an expansive standalone property, according to PropNex. The regular shape and ample size of the land provides flexibility for developers to design a project that meets both functionality and aesthetic appeal, and caters to the demand for landed homes in the East Coast area, says Laurence Wong, PropNex’s head of collective sales.

In Singapore, investing in condos requires careful consideration of the government’s property cooling measures. Over time, the Singaporean government has implemented several measures to regulate speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may initially affect the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment. This is particularly important for potential investors looking at Singapore Projects.

Recent caveats lodged show that the most recent transaction at Casa Fidelio was in September 2021, where a unit with a land area of 1,894 sq ft was sold for $2.27 million ($1,198 psf). In terms of nearby transactions, only two freehold landed homes on Fidelio Street were sold in 2024 – a terrace house with a land area of 3,423 sq ft that transacted for $9 million ($2,629 psf on the land) and a semi-detached house on 2,035 sq ft of land that fetched $5.38 million ($2,643 psf on the land).

PropNex also highlights that a recently-built corner terrace on Jalan Bangsawan, just 400m away from Casa Fidelio, was transacted for $3,541 psf in December 2024. According to the agency, this indicates the potential for strong demand in the area.

The tender for Casa Fidelio will close on April 22 at 3pm. Interested parties can check out the latest listings for Casa Fidelio properties on Ask Buddy. Additionally, you can also find information on the most unprofitable landed transactions and condo projects in District 15, as well as the rental yield for Casa Fidelio.…

When it comes to investing in Singapore, it’s crucial for foreign investors to have a clear understanding of the regulations and limitations surrounding property ownership. In general, non-residents are permitted to purchase condominiums with relative ease, as opposed to landed properties which have stricter ownership guidelines. However, it’s important to note that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their first property purchase. Despite these extra expenses, the stability and potential growth of the Singapore Real Estate market continues to make it a highly desirable location for foreign investment. To learn more about Singapore Condos, consult with a trusted real estate advisor today.

Evelyn Chow | March 24, 2024The tender for the first private housing Government Land Sale (GLS) site in the upcoming Bayshore precinct closed on March 18, with a total of eight bids received.Located on Bayshore Road, the 99-year leasehold site spans 112,992 sq ft and can yield around 515 units. The top bid of $658.89 million was submitted by SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings – a Celine and Gordon Tang-controlled entity that holds majority shareholding in SingHaiyi. This translates to a land rate of $1,388 psf per plot ratio (ppr), just 0.82% higher than the second-highest bid of $653.53 million ($1,377 psf ppr) by Sing Holdings. City Developments had the third-highest bid of $620.8 million ($1,308 psf ppr), 5.3% lower than Sing Holdings’ bid.Justin Quek, CEO of OrangeTee & Tie, remarks that the highest bid prices exceeded expectations and may indicate strong confidence in the potential of the site. Mark Yip, CEO of Huttons Asia, notes that the number of bids received is the highest for a private housing GLS site since January 2022, when a Jalan Tembusu plot (now the site of Tembusu Grand) also attracted eight bids. He believes that developers may have held back from bidding for other GLS plots to pursue the Bayshore site due to the strong sales in recent months, which increased the need for developers to replenish their land bank. Other tenderers for the site included a Frasers Property-led consortium, Kingsford Development, and a Hoi Hup Realty-Sunway Developments joint venture, with bids ranging between $1,252 psf ppr and $1,285 psf ppr.The two lowest bids came from a consortium comprising Hong Leong Holdings, TID, and CSC Land Group at $500.68 million ($1,055 psf ppr), followed by Sim Lian Group at $485 million ($1,022 psf ppr).The sizable gap of 36% between the lowest and highest bids received for the Bayshore Road site reflects mixed market sentiments among participating bidders, comments Marcus Chu, CEO of ERA Singapore. He also highlights that SingHaiyi’s bid of $1,388 psf ppr sets a new benchmark for Outside Central Region (OCR) land prices, surpassing the previous threshold of $1,250 psf ppr paid by MCL Land and CSC Land Group in November 2023 for the site of the recently-launched Elta, located at Clementi Avenue 1.Wong Siew Ying, PropNex’s head of research and content, adds that this new OCR benchmark rivals the land rates of some GLS plots in the Central Region. Last year, Zion Road Parcels A and B in the Rest of Central Region were awarded at $1,202 psf ppr and $1,304 psf ppr, respectively, while the Holland Drive and River Valley Green (Parcel A) sites in the Core Central Region were sold for $1,285 psf ppr and $1,325 psf ppr, respectively.The future project at the Bayshore Road site will be the first private residential development in the new Bayshore precinct, a 60-ha estate situated between East Coast Parkway (ECP) and Upper East Coast Road. Around 10,000 homes have been earmarked for Bayshore, with approximately 30% designated for private housing.This site is the prime location in the Bayshore precinct, as it offers a sea view and doorstep access to Bayshore MRT Station, observes Huttons’ Yip. In addition to various new amenities that will be constructed in the neighborhood, the area stands to benefit from long-term development plans, such as the Long Island coastal protection project, which will add reservoirs and parks in front of the Bayshore area, says Leonard Tay, Knight Frank Singapore’s head of research.According to PropNex’s Wong, there have been no significant private condo launches in the Bayshore area for decades. Existing condos in the vicinity include The Bayshore, which was launched in the 1990s, and Costa Del Sol, which hit the market in 2000.Consequently, the area may have pent-up demand for new private housing, including demand from HDB upgraders in the nearby Marine Parade and Bedok estates, Wong says. She also believes that developers were eager to gain first-mover advantage in the area, with the recent positive sales momentum in the primary market and anticipation of healthy homebuying interest in the future Bayshore project reflected in the high number of bids. With the top bid at $1,388 psf ppr, Wong predicts that the future development at the Bayshore Road site could see an average selling price of over $2,600 psf. Meanwhile, Knight Frank’s Tay believes that prices at the upcoming project could start from $2,700 psf and average above $2,800 psf.…

Private home sales in Singapore continued their upward trend in February, driven by the launch of new projects. According to data released by URA on March 17, developers sold 1,575 units (excluding executive condos) last month, with an increase of 45.4% from the 1,083 units sold in January.

Compared to February 2024, where only 153 units were sold, this year’s performance is over 10 times higher. Tricia Song, CBRE’s head of research for Singapore and Southeast Asia, notes that this is the highest February sales figure in 13 years, since 2,417 units were sold in February 2012. Including ECs, the total number of new home sales in February was 1,604 units, a 45.3% increase from January.

Developers have sold a total of 2,658 units (excluding ECs) since the beginning of the year. In comparison, it took eight months for developers to reach a similar figure last year, according to Leonard Tay, head of research at Knight Frank Singapore.

The strong sales performance in February can be attributed to the launch of two major projects in the Outside Central Region (OCR): ParkTown Residence in Tampines North with 1,193 units and Elta on Clementi Avenue 1 with 501 units. In February, ParkTown Residence sold 1,041 units at a median price of $2,363 psf, making it the top-selling project of the month. The project, jointly developed by UOL Group and CapitaLand Development, recorded an 87% take-up rate.

Investing in a Condo in Singapore is a highly sought-after option for both locals and foreigners, given the country’s strong economy, stable political climate, and superior quality of life. The real estate market in Singapore presents plenty of opportunities, with condominiums being particularly attractive for their convenience, impressive amenities, and potential for high returns. In this article, we will delve into the advantages, key factors to consider, and necessary steps to take when investing in a condo in Singapore through Condo.

Elta was the second best-performing project, with 326 units (65.1%) sold at a median price of $2,538 psf. The project is developed by MCL Land and CSC Land Group. Song from CBRE notes that both projects are located in suburban areas with no new supply in the last five years, which contributed to their strong sales performances.

Including these two projects, developers launched a total of 1,694 units in February, an 89% increase from the 896 units launched in January. The majority of sales (92%) came from the OCR, with 1,452 units sold, making it the best-performing month for the region in over nine years, since 1,523 units were sold in July 2015, according to Wong Siew Ying, Head of Research and Content at PropNex Realty.

Sales in the Rest of Central Region (RCR) accounted for 6.2% (98 units) of total sales in February. The top-selling project in the RCR was Pinetree Hill, which sold 22 units at a median price of $2,613 psf. In the Core Central Region (CCR), only 25 units were sold, accounting for 1.6% of total developer sales. The top-selling project in the CCR was 19 Nassim with five units sold at a median price of $3,372 psf, followed by One Bernam with four units sold at $2,651 psf. The 351-unit One Bernam, launched in May 2021, is now fully sold.

Singapore citizens made up the majority of new home buyers (92.4%), followed by permanent residents (6.9%), according to Lee Sze Teck, senior director of data analytics at Huttons Asia. Foreign buyers accounted for 11 units, including the two most expensive purchases in February: two units at 32 Gilstead for $14.47 million and $14.61 million.

According to Christine Sun, chief researcher and strategist at OrangeTee Group, a record number of suburban homes (603 units) were sold for over $2 million in February. This is the highest number of such sales since URA data became available in 1995. The previous record was in November 2024, with 512 units sold in the OCR for over $2 million.

Of the 603 units sold, 596 were non-landed homes, mostly from ParkTown Residence (397 units), Elta (145 units), and Hillock Green (16 units). Wong from PropNex notes that recent project launches have seen average unit prices deviate from their sub-market locations. For example, The Collective at One Sophia, a CCR project launched in November 2024, has sold 73 units at an average price of $2,743 psf, lower than the average transacted prices of units sold at Union Square Residences ($3,175 psf) in the RCR and slightly higher than that of The Orie ($2,734 psf), also in the RCR.

Meanwhile, recent launches in the OCR have recorded average unit prices of $2,589 psf (Chuan Park), $2,544 psf (Elta), and $2,489 psf (Bagnall Haus), exceeding the average unit price of RCR project Nava Grove at $2,460 psf. Wong speculates that the narrowing price gaps between regions could be due to various factors, such as project-specific attributes, pricing driven by amenities, demand from HDB upgraders, and location of projects on the cusp of the CCR.

She predicts that prices could continue to converge in the coming months with the launch of new RCR projects, such as One Marina Gardens and future developments on Zion Road residential sites.

The strong sales momentum is expected to continue in March, with the launch of projects like 477-unit Lentor Central Residences, 188-unit Aurea, and Tampines EC’s 760-unit Aurelle. As of mid-March, these projects have sold over 1,150 units collectively, setting the stage for a strong quarter. In light of the robust sales in the first quarter, ERA has revised its sales projection for the whole of 2025 to between 8,500 and 9,000 units, higher than its previous range of 7,000 to 8,000.

Huttons’ Lee estimates that developers sales (excluding ECs) will exceed 3,200 units in the first quarter, making it the highest first-quarter sales since 2021.

As new projects are launched in the coming months, Knight Frank’s Tay notes that not all of them may perform well, as homebuyer demand will depend on the specific location and attributes of each project.…

The Singapore Land Authority (SLA) has put up a collection of twenty charming heritage bungalows in Sembawang for tender. This presents a unique opportunity for interested parties to lease the properties for a period of five years, with the option to extend for another four years.

The bungalows, which date back to the 1920s and 1930s, are located along Admiralty Road East, Falkland Road, Auckland Road West and Fiji Road. They cover a vast area of approximately 245,300 square feet and boast an estimated total gross floor area of 94,945 square feet.

The properties are available for lease as serviced apartments, with an added option for multi-generational and senior co-living concepts. Additionally, F&B and retail use are allowed, as long as the gross floor area does not exceed 9,580 square feet. It should be noted that the minimum stay for a serviced apartment is one week.

The SLA will evaluate tender bids based on a price-quality basis. The tender for these properties will close on June 11 at 11am, with the site expected to be awarded in October.

As highlighted in the article, the SLA has been actively reimagining its state properties, transforming them into co-living spaces, pop-up event venues and social impact hubs. This effort aims to make better use of the available spaces and bring value to the community.

.Condo investment in Singapore offers many advantages, one of which is the opportunity to leverage the property’s value for future investments. Investors can use their condos as collateral to secure additional financing for new ventures, thereby expanding their real estate portfolio. However, this strategy carries risks, making it important to have a solid financial plan in place and carefully consider the potential effects of market fluctuations. Singapore condos provide the potential for increased returns, but it is crucial to approach this investment strategy with caution and careful consideration.

In another update, the SLA is also working towards digitizing the property conveyancing process, replacing the traditional paper-based system by 2026. This will streamline the process and make it more convenient for all parties involved.

Moreover, the SLA’s Chief Executive, Colin Low, has recently made a move from the real estate sector to the public service sector, demonstrating the agency’s commitment towards serving the community.

In conclusion, the SLA’s launch of these heritage bungalows for tender is a promising development that presents a unique opportunity for interested parties to be part of preserving and utilizing Singapore’s rich cultural heritage.…

The board of CapitaLand Integrated Commercial Trust (CICT) announced a reshuffle of its leadership team on March 17. Current deputy CEO, Tan Choon Siang, will take over as CEO and executive non-independent director on May 1, 2025. He will also join the executive committee (EC). In the meantime, current CEO Tony Tan will become the chief corporate officer of CapitaLand Development.

Tan has been with CICT since 2017, leading the successful merger of CapitaLand Mall Trust and CapitaLand Commercial Trust last year. This created Singapore’s largest listed REIT with a market capitalization of $15.5 billion. Tan’s role as CEO will come to an end in 2025 when he hands over the reins to Tan Choon Siang.

Investing in a condominium in Singapore offers an array of benefits, one of which is its potential for capital appreciation. As a prominent global business hub with a robust economy, Singapore enjoys a constant demand for real estate. This, in turn, has resulted in a consistent increase in property prices, especially for condos located in prime areas. By carefully entering the market at the opportune time and holding onto their properties for an extended period, investors can reap significant gains in terms of capital appreciation. For more information on desirable Singapore Projects, consider researching the market and consulting with a reputable real estate agent.

Tan Choon Siang has an impressive track record in the real estate industry. He was previously the manager of CapitaLand Malaysia Trust and the chief financial officer of the manager of CapitaLand India Trust. He was also the Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2019.

The changes in leadership come as CICT continues to expand its portfolio and strengthen its position as a leading REIT in Singapore. The board is confident that under Tan Choon Siang’s leadership, the company will continue to grow and deliver value to its shareholders. This leadership transition also reflects the company’s commitment to developing and nurturing talent from within its ranks.

CICT’s recent sale of 21 Collyer Quay for $688 million demonstrates the company’s strategic focus on optimizing its portfolio and unlocking value for its investors. The company also completed the sale of JCube to a CapitaLand subsidiary for $340 million last year.

The changes in leadership are part of CICT’s long-term growth strategy and are expected to position the company for continued success in the future. With a strong and experienced management team in place, CICT is well-positioned to navigate any challenges and capitalize on opportunities in the market.…

Keppel Land wins maiden award for Keppel Bay TowerCluny Park Residence wins MIPIM Asia Award

Keppel to shift focus to brownfield projects post-Keppel South Central completion

Keppel, a homegrown global asset manager and operator, has announced that it will be pivoting its focus to other brownfield redevelopment projects following the successful completion of Keppel South Central.

According to Samuel Ng, the president of Keppel’s real estate division in Singapore, Keppel South Central is the company’s showpiece. The redevelopment of the former Keppel Towers and GE Tower, completed in 1991 and 1993 respectively, is a 27-storey commercial tower offering about 650,000 sq ft of office, retail, and event space.

While nearly 50% of the commercial tower’s space is already leased or in active negotiations, the leading financial services group has been secured as the first anchor tenant, leasing two whole floors. The office occupants are set to move in from June while the ground floor already has retail and event spaces and the fifth and sixth floors have health and wellness spaces.

The building is equipped with facial recognition access, 5G Wi-Fi, and an indoor air-quality management system, making it a Grade-A office building that meets the standards of modern tenants. It also offers designated floors with micro ACUs (air conditioning units) to provide localised cooling and facilitate after-hours operations, making it energy-efficient.

Keppel South Central has also been certified by BCA as a Green Mark Platinum Super Low Energy building. It is expected to save about 6.2 million kilowatt hours (kWh) per year, equivalent to the power consumption of 1,300 homes in Singapore, and $1.8 million annually. Some of the improvements incorporated are treated external windows to minimise heat transfer, a smart building management system, and other green solutions that will improve energy efficiency.

Keppel, through its Sustainable Urban Renewal (SUR) strategy, is looking to replicate the success of Keppel South Central across the region. In Asia Pacific alone, 87% of occupiers are looking to comprise their portfolio with entirely green-certified properties by 2030. Hence, SUR strategy offers a significant opportunity for sustainability-focused retrofits. In Singapore, Keppel Bay Tower, the city’s first zero-energy commercial building, was completed in 2020.

To fund the redevelopment of brownfield projects across the region, Keppel announced the first close of its flagship Keppel Sustainable Urban Renewal Fund (KSURF), with total funds under management of over $2.3 billion in April. So far, Keppel has applied its SUR initiative to eight projects across five countries, with three projects still ongoing. Additionally, the company has the capability to execute the renewal works itself, making it stand out from other asset managers. After the fund acquires the asset, Keppel will complete the asset enhancement works, stabilise occupancy, and divest it within the fund’s life of seven years.

With limited office supply expected in the Asia Pacific, Keppel plans to develop new projects across commercial, living, life sciences, hospitality, and logistics segments in Singapore, South Korea, Japan, Australia, and first-tier cities in China. Through its experience with Keppel South Central, the company aims to recycle prime commercial land and offer fresh office supply at a time when there are no available sites for an office tower development in the core CBD area.

The process of financing a condo investment holds significant importance. In Singapore, there are various mortgage plans available; however, it is crucial to have a clear understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan that can be obtained by a borrower, taking into consideration their income and existing debt obligations. To ensure wise financing choices and avoid over-leveraging, it is advisable to seek guidance from financial advisors or mortgage brokers who are well-versed with the TDSR rules. Additionally, investors can also explore the option of New Condo Launches to broaden their financing options.

The completion of Keppel South Central will bring in a new wave of Grade-A office spaces, offering facilities and services that tenants expect. The company’s presence in the region will help it identify other ageing office buildings and upgrade them to meet modern standards, increasing their capital values and potential marketability.…

A three-storey, 99-year leasehold semi-detached house will be up for auction at SRI on March 15 with a guide price of $3.65 million. Located on Kew Heights in District 16, the corner property occupies a 3,034 sq ft plot and has a land rate of $1,203 psf.

Being a mortgagee sale, this will be the first time the property will be offered for auction. It will be sold with vacant possession and has a total floor area of 4,436 sq ft, spread over three floors. The ground level features a living hall with a double-volume ceiling, an adjoining dining area, a kitchen, and a helper’s room. The upper levels consist of six bedrooms, a family area, and a storeroom. The property also includes a car porch and a backyard area.

When purchasing a condominium, it is crucial to factor in the maintenance and management of the property. Condos typically entail maintenance fees that encompass the maintenance of communal spaces and amenities. Despite potentially increasing the total ownership cost, these fees guarantee the upkeep and value of the property. Partnering with a property management firm can assist investors in handling the routine management of their condos, turning it into a more hands-off investment. If you are interested in investing in condos, consider checking out Singapore Projects for potential opportunities.

According to Mok Sze Sze, managing partner of auctions and sales at SRI, potential buyers can explore converting some of the open areas into additional bedrooms, which makes the property suitable for extended or multi-generational families. Mok also noted that the guide price of $1,203 psf is one of the lowest in the area when it comes to land rate. Records from URA show that the property was last sold in November 2021 for $3.19 million ($1,051 psf).

In the past year, two other 99-year leasehold landed properties in the Kew Vale estate were sold. The most recent transaction was for a three-storey semi-detached house on Kew Heights, which fetched $3.35 million in February. This property had a land area of 2,396 sq ft and a land rate of $1,398 psf. In January, a three-storey terraced house on Kew Drive was sold for $3.26 million ($1,417 psf).

The prices of 99-year leasehold semi-detached houses in the Kew Vale estate have seen an increase in recent years. Data from URA Realis shows that seven such properties were sold between 2023 and 2024 at an average land rate of $1,213 psf. This is higher than the average land rate of $1,002 psf for seven transactions in the estate between 2021 and 2022.

Located near major highways such as East Coast Parkway (ECP) via Bayshore Road, the property will also be served by the upcoming Bedok South MRT Station along the Thomson-East Coast Line, which is expected to open in the second half of 2026.

The property is also situated near several schools, including Temasek Primary and Secondary Schools, Bedok South Secondary, and Bedok View Secondary.

Interested buyers can check out the latest listings for properties in Kew Vale on Ask Buddy or view the sale transactions for the estate on the same platform. They can also compare the price trends of new sale condos and executive condominiums (ECs) in District 16, as well as check out the most expensive average PSF for condos in the district. Unprofitable transactions within Kew Vale can also be viewed on Ask Buddy.…

The recent resale of a penthouse unit at The Trizon, a 289-unit condominium located on Ridgewood Close, proved to be the most lucrative transaction between Feb 25 and March 4. The 5,737 sq ft unit, situated on the 23rd floor, was sold for a whopping $9.76 million, which translates to $1,701 psf. The sale, which took place on Feb 27, also marked a profit of $3.2 million (49%) for the seller who had previously purchased the unit for $6.55 million ($1,142 psf) back in March 2016. This translates to an annualized gain of 4.5% over a period of nine years.

This sale also becomes the second most profitable transaction at The Trizon to date, following a record-breaking sale in 2023 where a 7,083 sq ft penthouse was sold for $11 million ($1,553 psf). The seller of this unit had originally bought it for $7.1 million ($1,002 psf) in November 2019, earning a profit of $3.9 million (55%) and an annualized gain of 12% over close to four years.

The Trizon, a freehold development situated in the prime District 10, is in close proximity to the Mount Sinai landed enclave, as well as private residential estates such as Pandan Valley and Pine Grove. Other nearby developments include Pandan Valley and two new 99-year leasehold projects – the 520-unit Pinetree Hill and the 552-unit Nava Grove.

The Trizon offers a mix of two- to five-bedroom units, with typical units ranging from 1,012 sq ft to 5,102 sq ft, and penthouses ranging from 5,328 sq ft to 7,083 sq ft. According to EdgeProp Singapore, the average resale price at The Trizon is around $2,017 psf. In comparison, nearby developments such as Pandan Valley have an average price of $1,449 psf, while the nearby 999-year leasehold Ridgewood condo commands an average price of $1,728 psf.

Pinetree Hill, which was launched for sale in July 2023, has seen units sold this year at an average price of $2,550 psf, compared to an average of $2,458 psf from its launch to end 2024, based on caveats lodged. The 520-unit development is about 78% sold. On the other hand, the 552-unit Nava Grove, which was launched in November last year, is about 75% sold, with an average selling price of $2,460 psf.

The second most profitable resale transaction of the week was recorded at Haig Court on Feb 27, where a 1,442 sq ft unit was sold for $2.84 million ($1,968 psf). The three-bedroom unit, located on the third floor, had been previously purchased for just $798,868 ($554 psf) in 2005, resulting in a profit of $2.04 million ($255%) for the seller. This translates to an annualized gain of 6.8% over a period of 19 years.

Located in District 15, Haig Court is a freehold development completed in 2004, with a total of 360 units. The condo is centrally located in Marine Parade, with easy access to shopping malls such as Katong Shopping Centre, Roxy Square and I12 Katong. It is also within close proximity to various renowned schools such as Chung Cheng High School, Tanjong Katong Girls’ School, Tanjong Katong Secondary School and the Tanjong Katong campus of the Canadian International School. Haig Court is also situated next to two new 99-year leasehold private residential projects – the 846-unit Emerald of Katong and the 638-unit Tembusu Grand. Other new projects in the vicinity include The Continuum, an 816-unit freehold development on Thiam Siew Avenue, and Grand Dunman, a 1,008-unit 99-year leasehold project on Dunman Road.

Last year, Haig Court recorded eight resale transactions, with profits ranging from $450,000 to $2.06 million. Two resale transactions have taken place at Haig Court so far this year, with the most recent sale being a 1,453 sq ft unit that fetched $3.02 million ($2,078 psf). This transaction resulted in a profit of $2.13 million for the seller.

When contemplating an investment in a Condo, it is crucial to evaluate its potential rental yield. Rental yield refers to the annual rental income expressed as a percentage of the property’s purchase price. In Singapore, Condos can offer varying rental yields, depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to provide better rental yields. To gain valuable insights into a Condo’s rental potential, conducting comprehensive market research and seeking guidance from real estate agents are crucial steps. Add Condo to rewritten paragraph.

On the other hand, the most unprofitable resale transaction was recorded at Orchard Scotts, where a 2,228 sq ft unit was sold for $3.78 million ($1,696 psf) on Feb 25. However, this unit had been previously purchased for $4.35 million ($1,955 psf) in 2010, resulting in a loss of $576,000 (13%) for the seller. This translates to an annualized loss of 1% over a period of 15 years.

According to a compilation of resale caveats at Orchard Scotts, the resale price at the condo has been declining in recent years. In 2010, units were typically sold at about $2,061 psf, but this figure has since dropped to $1,747 psf as of March 2020. The average resale price at Orchard Scotts has slightly picked up in recent months to about $1,760 psf last month.

Orchard Scotts is a 99-year leasehold condo located on Anthony Road, off Clemenceau Avenue North in prime District 9. With a total of 387 units, the development features a mix of two- to five-bedroom units ranging from 936 sq ft to 4,435 sq ft.…

at auction

Investing in a condo in Singapore offers numerous benefits, including the potential for capital appreciation. Due to its advantageous position as a global business hub and strong economic foundations, Singapore remains on high demand for real estate. The real estate market in the country has demonstrated consistent growth over the years, with condo prices in prime locations experiencing significant appreciation. By carefully timing their investments and holding onto their properties for an extended period, investors can expect substantial returns on their investments. Additionally, keeping an eye on new condo launches can provide opportunities for further profit and growth in the condo market in Singapore.

During the week of Feb 21 to 28, a two-bedroom unit at The Esta clinched the top spot for achieving a new record psf-price in the private condo market. The freehold development recorded a new peak price of $2,377 psf when a 1,001 sq ft unit was sold for $2.38 million on Feb 26. This unit, located on the seventh floor, was previously purchased for around $1.83 million, or $1,833 psf, in March 2021. This translates to a profit of about $545,000 for the sellers. The latest transaction surpasses the previous record psf-price of $2,317, set in January last year when a three-bedroom unit on the 13th floor was sold for around $3.2 million. The average resale price of units at The Esta has been increasing steadily over the past three years. In 2022, the project recorded 10 transactions with an average psf-price of $2,012. The following year, the average price climbed to $2,156 across nine resale transactions. In 2021, another nine units were resold at an average price of $2,248 psf, reflecting an 11.7% increase in average resale prices since 2022. The most expensive unit sold at The Esta based on absolute price was a 3,477 sq ft, five-bedroom apartment on the 21st floor which changed hands for $6.25 million, or $1,798 psf, in October 2021. The development, completed in 2008, is a 400-unit project spread across five blocks along Amber Gardens. It offers a range of two- to four-bedroom apartments, from 1,001 sq ft to 1,711 sq ft, as well as penthouses ranging from 2,368 sq ft to 3,477 sq ft. Located within walking distance of Tanjong Katong MRT Station, The Esta is also close to lifestyle hubs such as Katong Shopping Centre and Katong V. The second spot for the highest new psf-price recorded during the review period was taken by the 99-year leasehold condo D’Leedon. It set a new record psf-price of $2,287 when a 1,421 sq ft, three-bedroom unit on the 29th floor was sold for $3.25 million on Feb 25. This slightly surpassed the sale of a smaller 1,367 sq ft, three-bedroom unit which changed hands for $3.04 million, or $2,222 psf, on Feb 26. The record price at D’Leedon before these sales was $2,180 psf, achieved by the sale of a 2,110 sq ft, four-bedroom unit for $4.6 million in October last year. Since the start of the year, 11 units have been sold at the development, with an average price of $2,065 psf. The lowest psf-price recorded for this year was for a 743 sq ft, one-bedroom apartment on the 10th floor, which sold for $1.41 million, or $1,898 psf, on Feb 13. D’Leedon, completed in 2014, has 1,703 units ranging from one- to four-bedrooms and spanning 592 sq ft to 6,534 sq ft. It is located within walking distance of Farrer Road MRT Station and is also close to Empress Road Market and Food Centre. The third spot for the highest new psf-price was taken by Citylights, where a 893 sq ft, two-bedroom apartment on the 26th floor was sold for $1.98 million, or $2,216 psf, on Feb 27. This sets a new record psf-price, surpassing the previous peak of $2,122 psf achieved in December last year when a 872 sq ft, two-bedroom unit on the 16th floor was sold for $1.85 million. The sellers of the 26th-floor unit purchased it for approximately $1.44 million, or $1,610 psf, in April 2019, making a profit of about $542,000. Citylights is a 600-unit, 99-year leasehold condo situated along Jellicoe Road in Kallang. Completed in 2007, it offers one- to four-bedroom units ranging from 560 sq ft to 3,875 sq ft. It is located just a one-minute walk from Lavender MRT Station and is close to dining and retail options such as Aperia Mall and Kitchener Complex.…

06 Mar 2022 06:00AM

According to the March 12 report titled Emerging Trends in Real Estate Global Outlook by PwC and the Urban Land Institute (ULI), low yields and sluggish transaction volumes were among the top concerns for property investors in the Asia Pacific (Apac) region.

The report gathered investor sentiment from global asset managers, including Blackstone from the US, Savills Investment Management from the UK, and CBRE Investment Management. Over 70% of respondents cited low yields, high interest rates, and geopolitical tensions as the top three concerns for investors.

(Source: Emerging Trends in Real Estate Asia Pacific 2025 survey)

The report highlights that despite these concerns, Asia Pacific remains an attractive market for industry leaders due to its population growth and demographic metrics, as well as its diverse monetary policies, such as Japan’s decision to raise short-term interest rates.

Last year, real estate transactions in the region grew by 13% year-on-year to US$173.5 billion (S$231.3 billion), surpassing other regions such as Europe, the Middle East and Africa’s (EMEA) 12% growth and the Americas’ 11% growth.

(Source: Emerging Trends in Real Estate 2025 survey)

However, as Europe and North America kick-start a new capital market cycle with expected improvements in both regions, Asia Pacific transaction volumes are expected to remain sluggish.

In 2021, liquidity in Asia Pacific was affected by a drop in transaction volume. In China, transactions decreased by 25% year-on-year to US$418.3 billion (S$557.6 billion), while Hong Kong SAR saw a 1% dip in transaction volume to US$15.7 billion (S$20.9 billion).

Meanwhile, investors in Europe face different concerns, with the top three mentioned by asset managers being international political instability (85%), further escalation of war (83%), and Europe’s economic growth (77%).

(Source: Emerging Trends in Real Estate Europe 2025 survey)

Data from MSCI, a leading US-based research and data analytics company, also showed that US commercial property prices stabilized last year, ending the year down by only 0.7%. As a result, investors may focus their attention and capital on these regions in the coming months.

The report also revealed that data center assets scored the highest for investment and development prospects across all three regions in 2025.

When it comes to investing in condominiums, securing financing is a crucial step. Fortunately, Singapore provides a variety of mortgage choices for condo buyers. However, it is crucial to have knowledge of the Total Debt Servicing Ratio (TDSR) framework, which sets a limit on the amount of loan a borrower can obtain based on their income and current debt commitments. Working alongside financial advisors or mortgage brokers, understanding the TDSR can assist investors in making informed decisions about their financing options and avoid over-leveraging. Along with this, staying updated on New Condo Launches can also aid in finding the perfect investment opportunity.

According to research firm Green Street based in New York, global demand for data centers reached record levels last year, with asking rents growing at a double-digit pace. In its latest research, MSCI also predicts that 2024 will be a standout year for the asset class, with acquisitions of existing data centers through single property and portfolio deals increasing by more than 60% in the US.

Last September, Blackstone and the Canada Pension Plan Investment Board (CPP) acquired data center company AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for more than US$16 billion (S$21.3 billion). This deal was the largest commercial real estate transaction recorded in Asia Pacific and globally in 2024.…