Month: January 2025

Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, announced that out of the 113 units available at Bagnall Haus, a freehold condominium, 71 were successfully sold on the first day of its launch on January 18. This translates to a sales rate of almost 63%, with an average transacted price of $2,490 per square foot.

According to Teo, the majority of buyers were Singaporeans, representing over 90% of the total sales. “Most of them were end-users with varying budgets,” he said. The take-up rate was strong across all unit types, with two- and three-bedroom units being the most popular. However, there was also notable interest in the larger five-bedroom units.

Situated along Upper East Coast Road in District 16, Bagnall Haus offers 113 residential units split among three five-storey blocks on a freehold site of 74,280 square feet. The unit mix includes one-bedroom plus flexi units of 495 square feet and five-bedroom units of 1,528 square feet.

For the latest information and pricing for new launches, visit New Launches.

Ismail Gafoor, CEO of PropNex, reports that out of the 71 residential units sold at Bagnall Haus, approximately 59% were one- and two-bedroom units which commanded prices just under $2.1 million. The three-bedroom units were also in high demand, with 18 out of 20 units snatched up at prices ranging from $2.3 million to $2.7 million. The remaining four- and five-bedroom unit types sold for approximately $3 million to $3.8 million.

“We believe that the pricing, which is generally below $3 million, is appealing to most buyers,” says Gafoor.

The average transacted price of $2,490 per square foot was also deemed “compelling for a well-located freehold development”, adds Gafoor. “Buyers saw value in the project, especially when considering that some 99-year leasehold new launches in the Outside Central Region (OCR) – such as Chuan Park – achieved an average price of $2,579 per square foot when launched in November 2024.”

Additionally, both shop units on the ground floor of Bagnall Haus, each measuring 172 square feet, were sold at $688,000 ($4,000 per square foot).

“Homebuyers were primarily owner-occupiers,” says Marcus Chu, CEO of ERA Singapore. Some were homeowners of older landed properties seeking a downsized, newer and more manageable apartment, while others were families from the neighborhood looking to upgrade to a freehold property, according to Chu.

Bagnall Haus benefits from its proximity to established amenities and reputable schools, including Temasek Primary School, which is within a one-kilometer radius, adds Chu.

As an added bonus, the development is also walking distance to the upcoming Sungei Bedok MRT Station, where the Downtown and Thomson-East Coast lines will interchange. Additionally, the station is just one stop from the Bedok South MRT Station, which will be part of an integrated transport hub featuring a new bus interchange within the upcoming Bayshore precinct. This transport hub will also include a mixed-use development incorporating retail and residential components.

“Pent-up demand, stemming from a 15-year wait for a new project in the area, along with its freehold tenure, helped drive sales at Bagnall Haus,” explains Mark Yip, CEO of Huttons Asia. “It is also rare to find a freehold project right next to an MRT station. Buyers recognized the potential benefits of the upcoming transformation of the Bayshore precinct.”

When contemplating an investment in a Condo, it is crucial to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the Condo’s purchase price. In Singapore, Condo rental yields can vary greatly depending on factors such as location, property condition, and market demand. Generally, areas with a high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of the rental potential of a specific Condo, it is recommended to conduct thorough market research and consult with experienced real estate agents. For more information on Condos, please visit https://www.ananar.com/.

Visit Ask Buddy for the latest listings of Bagnall Haus properties.

Other useful comparison tools:

– Condo sale transactions in District 16
– Price trend comparison of Condo sales versus EC sales
– Upcoming new launch projects
– Any condo rental listings in District 16?
– Recently launched projects…

The private non-landed property market in Singapore has seen another surge in prices, with Commonwealth Towers emerging at the top of the list for reaching a new psf-price peak. According to data from EdgeProp Singapore, the 99-year leasehold condo achieved a record high of $2,460 psf on Dec 27, when a 904 sq ft, three-bedroom unit on the 40th floor was sold for $2.22 million. This surpasses the previous record of $2,402 psf, set just three months prior when a 689 sq ft, two-bedroom unit on the 42nd floor was sold for $1.65 million in September 2024.

The average resale price at Commonwealth Towers has been on the rise for the past three years, with an 11.6% increase since 2022. In 2022, the project recorded 53 transactions at an average psf-price of $1,971, which increased to $2,097 psf in 2023 across 51 resale transactions. Last year, the development saw 37 resale transactions at an average price of $2,200 psf. This marks an 11.6% increase in average resale prices since 2022.

By absolute price, the most expensive unit to change hands at Commonwealth Towers was a 1,302 sq ft, four-bedroom unit on the 39th floor for $2.96 million, or $2,273 psf. This transaction was recorded in November 2024.

Located along Commonwealth Avenue, Commonwealth Towers is a 99-year leasehold condo with about 87 years remaining on its tenure. The development consists of two 43-storey residential blocks with 845 condo units ranging from one- to four-bedroom apartments spanning 441 sq ft to 1,302 sq ft.

Investing in real estate is a decision that greatly relies on the location of the property, and this holds particularly true in the case of Singapore. Condominiums located in central areas or near important amenities, such as schools, shopping malls, and public transportation hubs, have proven to appreciate in value over time. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) are perfect examples of areas where property values have shown a consistent increase. The presence of prestigious schools and educational institutions also adds to the appeal of condos in these locations, making them highly sought-after by families and further driving their investment potential. For more information on investing in Singapore condos, please visit Singapore Condo.

The second spot on the list goes to freehold development Parq Bella, which saw a new psf-price peak of $2,416 psf on Dec 31. This was achieved through the sale of a 1,076 sq ft, three-bedroom unit on the fourth floor for about $2.6 million. This was also the first unit at the development to transact for more than $2,400 psf. The previous record was set in August 2023 when a 926 sq ft, two-bedroom fourth-floor unit was sold for about $2.2 million.

Parq Bella is a freehold project located on Tembeling Road in District 15. It has 20 apartments ranging from two to four bedrooms, with floor plans spanning from 926 sq ft to 1,787 sq ft. The project is expected to be completed by December 2026.

The project recorded five new sale transactions last year at an average price of $2,347 psf. Since its launch in 3Q2023, Parq Bella has sold 19 of its 20 units (95%) at an average price of $2,244 psf based on caveats lodged as of Jan 14.

The only project to see a new psf-price low during the period in review was freehold luxury project Klimt Cairnhill. The new psf-price floor came from the developer’s sale of an 829 sq ft, two-bedroom unit on the 24th floor for $2.55 million on Jan 3, translating to $3,077 psf.

Located along Cairnhill Road in Prime District 9, Klimt Cairnhill consists of 138 apartments in two- to four-bedroom configurations. The two-bedroom unit is the final unit sold at Klimt Cairnhill, a 138-unit freehold development, which achieved 100% sales at an average price of $3,665 psf, based on caveats lodged. The project was previewed in August 2021 and officially launched in January 2023.

The development is expected to obtain its Temporary Occupation Permit in April this year.…

estimate
The Housing and Development Board (HDB) will release over 25,000 new flats in 2025, announced Minister for National Development Desmond Lee in a joint press release by HDB and the Ministry of National Development (MND) on Jan 16.

This includes about 19,600 build-to-order (BTO) flats in three sales exercises, as well as more than 5,500 sale of balance flats (SBF) in one SBF sale exercise. These units will be a mix of Standard, Plus and Prime BTO flats under the new classification framework.

In the February BTO launch, approximately 5,000 flats will be offered in Kallang/Whampoa, Queenstown, Woodlands, and Yishun. This is in line with the government’s commitment to provide affordable housing options for Singaporeans.

Next month, HDB will also conduct its largest-ever Sale of Balance Flats (SBF) exercise, offering over 5,500 flats across various estates. About 40% of the flats in the SBF exercise are already completed, while the rest are at different stages of construction and are expected to be ready between 2025 and 2028.

In total, more than 10,000 new flats will be available under the February BTO and SBF exercises. This is a result of the government’s efforts to ramp up the BTO supply, with about 82,700 BTO flats launched in the last four years (2021-2024). With the planned pipeline of 19,600 BTO flats in 2025, HDB is on track to exceed its commitment of 100,000 units over five years.

The increase in BTO supply has also led to a drop in application rates. In 2024, the average application rate among first-time homebuyers for BTO flats across all flat types was 2.1, compared to 3.7 in 2019 before the pandemic. The average first-timer application rate for three-room and larger flats in 2020 was 2.2, down from 4.0 in 2019.

Minister Lee assures that HDB will continue to release a steady pipeline of flats to meet housing demand in the next few years, with over 50,000 flats planned for launch between 2025 and 2027. This will bring the total to about 130,000 flats from 2021 to 2027.

In 2025, there will be approximately 3,800 Shorter Waiting Time (SWT) flats of less than three years, which is about one-fifth of the BTO flats slated for launch. This is an increase from the 2,876 SWT flats offered in 2024 and also exceeds the committed annual supply of 2,000 to 3,000 SWT flats.

According to Lee Sze Teck, senior director of data analytics at Huttons Asia, the increase in SWT flats will provide more options for buyers and may also attract demand away from the resale market. He also believes that the larger flat supply and SWT flats will help address the shortfall in Minimum Occupation Period (MOP) flats.

In 2025, an estimated 7,000 HDB flats will reach their five-year MOP, making it the lowest supply of such resale flats since 2015. With HDB’s assurance of pushing out more BTO and SBF flats to meet demand, there will be more choices for buyers and this will also help stabilise the resale market.

The demand for condos in Singapore remains consistently high, driven by the country’s limited land availability. As a small but densely populated island nation, Singapore faces the constant challenge of finding space for development. As a result, the government has implemented strict land use policies, creating a competitive real estate market where property prices soar. This makes investing in real estate, especially in condominiums, an attractive option with the potential for significant capital appreciation. Considering the scarcity of land, it is crucial to stay updated on the latest New Condo Launches to make informed and profitable investments in Singapore’s condominium market.

Huttons’ Lee predicts that the number of HDB resale flat transactions in 2025 will range between 26,000 and 28,000, which is lower than the 28,876 units recorded in 2024. Resale flat prices are also expected to grow at a slower pace of 5% to 8% this year, compared to the 9.6% increase seen in HDB’s flash estimate for 2024.…

Securing financing is a crucial factor in purchasing a condo. For those interested in Singapore Condo, there are various mortgage choices available. However, it is crucial to familiarize oneself with the Total Debt Servicing Ratio (TDSR) framework. This framework limits the amount of loan a borrower can obtain, calculated based on their income and current debt commitments. To make sound financing decisions and prevent excessive borrowing, it is advisable to comprehend the TDSR and seek guidance from financial advisors or mortgage brokers.

The sale of the three-bedroom penthouse at Orchid Mansion on Dec 31 recorded a profit of $2.58 million (112%), making it the most profitable resale transaction between Dec 31, 2024, and Jan 7, 2025. The 2,842 sq ft unit on the 21st floor was sold for $4.88 million ($1,717 psf). It was previously purchased for $2.3 million ($809 psf) in March 2009, resulting in an annualized profit of 4.9% over nearly 16 years. This transaction also set a new record for the highest profit achieved at Orchid Mansion, surpassing the previous record of $1.15 million (72.6%) set in July 2022 when a 1,507 sq ft three-bedroom unit on the seventh floor was sold for $2.73 million ($1,812 psf). The unit had been bought for $1.58 million ($1,050 psf) in June 2007.Orchid Mansion is a freehold development located on Amber Road in District 15. Completed 20 years ago, it comprises a 21-story residential tower with a mix of two- and three-bedroom units ranging from 1,346 sq ft to 2,002 sq ft. There are also two penthouses measuring 2,842 sq ft and 2,734 sq ft each.On the other hand, the second most profitable resale transaction during the same period occurred at Villa Marina, where a 1,625 sq ft unit was sold for $2.35 million ($1,446 psf) on Jan 3. The three-bedroom unit on the ground floor was previously purchased for $630,500 ($388 psf) in September 2006, resulting in a profit of $1.72 million (273%). This translates to an annualized profit of 7.6% over 18 years and sets a new record for the highest profit achieved at Villa Marina. The previous record was $1.58 million (219%) set in July 2022 when a 1,916 sq ft unit on the fourth floor was sold for $2.3 million ($1,200 psf). The unit had been purchased for $720,416 ($376 psf) in November 1998.Villa Marina is a 99-year leasehold development located at Jalan Sempadan in District 15. Completed in 1999, it comprises 27 low-rise residential blocks with a mix of one- to four-bedroom units ranging from 1,087 sq ft to 2,314 sq ft. The condo is situated near Siglap MRT station on the Thomson-East Coast Line, East Coast Park, and several primary schools such as Bedok Green Primary School, CHIJ (Katong) Primary, Ngee Ann Primary School, St Stephen’s School, and Tao Nan School.The most unprofitable resale transaction during the same period was recorded at Marina Bay Residences, with a loss of $386,000 (16%) suffered by the seller. The 1,130 sq ft two-bedroom unit on the 17th floor was sold for $2.1 million ($1,858 psf) on Jan 2, but had previously been purchased for $2.49 million ($2,200 psf) in November 2007. This translates to an annualized loss of 1% over 17 years. In comparison, Marina Bay Residences recorded 25 resale transactions in the previous year, with 13 resulting in losses ranging from $1.25 million to $43,600. Its most unprofitable transaction was in March 2024 when a 1,227 sq ft unit changed hands for $2.8 million ($2,282 psf).Marina Bay Residences, a 428-unit development on Marina Boulevard, recently underwent a $5 million revamp from Jan 2022 to Sept 2023 to enhance its facilities and common spaces. It is one of two 99-year leasehold luxury condos in Marina Bay Financial Centre (MBFC), which also consists of three Grade-A office towers and the 221-unit Marina Bay Suites. According to EdgeProp Singapore, Marina Bay Residences had an average resale price of $2,242 psf last month, which is higher than surrounding condos such as The Sail @ Marina Bay ($2,052 psf), Marina Bay Suites ($1,917 psf), and Marina One Residences ($2,133 psf).…

Real estate giant City Developments announced that it had successfully divested assets amounting to more than $600 million last year, as part of its efforts to recycle capital. While this total was below the original target of $1 billion set for early 2024, the company has several other divestment deals in the pipeline.

Some of the completed divestments include the sale of Ransome’s Wharf site in London, the freehold 8-storey industrial building Cideco Industrial Complex in Singapore, and various strata units in Singapore’s Citilink Warehouse Complex, Cititech Industrial Building, Fortune Centre and Sunshine Plaza.

CDL-Frasers Property-Sekisui House recently launched The Orie in Toa Payoh at prices starting from $1.28 million (Photo: CDL)

Additionally, the company has entered into an agreement to sell the retail and office components of Hong Leong City Center (HLCC), a mixed-use development in Suzhou. The deal is expected to be completed in the current quarter.

According to CDL’s group CEO Sherman Kwek, the divestments reflect their efforts to accelerate their capital recycling initiatives. Despite challenging market conditions, he is pleased with the good momentum achieved and the company will continue to push forward with their divestment plans. Kwek adds that their aim is to optimize their capital management and strategically align their portfolio to maximize shareholder value.

As of Jan 16, CDL’s shares closed at $5.05, with a 0.2% decline for the day and a 20.97% decline over the past year.

Ultimately, purchasing a condominium in Singapore offers a multitude of benefits. These include a strong demand for properties, potential for significant growth in value, and attractive rental returns. However, it is crucial to carefully assess various factors such as location, financial considerations, government regulations, and market conditions before making such an investment. Through extensive research and seeking expert guidance, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate landscape. Whether you are a local investor looking to diversify your portfolio or a foreign buyer searching for a stable and lucrative investment opportunity, Singapore’s condos are a compelling choice. Additionally, websites like New Condo Launches can provide valuable insights and updates on the latest condo developments, making the investment process even more convenient and seamless.

Looking for Sunshine Plaza properties? Ask Buddy or compare price trends for Condo new sale vs EC new sale. Interested in renting a condo in District 7? Check out the latest listings. You can also compare the price trends of HDBs, Condos, and Landed properties in District 7, as well as view the top condo projects with the most unprofitable transactions.…

A well-appointed two-storey bungalow at 11 Whitley Road is currently on the market, with a tender guide price of $31.88 million. This freehold property boasts a spacious elevated site of 15,276.27 sq ft, which translates to an attractive guide price of $2,087 psf on the land area.

Originally built in 2016, this bungalow features a rear extension and a total of five bedrooms, three of which are en suite. The layout also includes two living rooms, two dining rooms, a generously-sized kitchen, and a helper’s room.

The government’s property cooling measures play a crucial role in determining the viability of condo investment in Singapore. To maintain a stable real estate market, the Singaporean government has implemented a range of measures over the years to discourage speculative buying. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may affect the immediate profitability of Singapore condo investments, they ultimately contribute to the market’s long-term stability and create a safer investment environment. These factors make the addition of Singapore Condo a wise decision for potential investors.

According to Aric Lim, associate district director at Huttons Asia, the exclusive marketing agent for the property, the land parcel has the potential to be subdivided for the development of eight terraced houses. Each site could range from 1,614 sq ft to 2,389 sq ft, with a total gross floor area (GFA) of up to 21,528 sq ft (subject to land betterment charges).

Senior director of data analytics at Huttons Asia, Lee Sze Teck, notes that this is likely the largest plot of land available on Whitley Road. He also states that the asking price of $2,087 psf is highly competitive compared to recent transactions for new semi-detached houses on the same road, which have sold for more than $3,000 psf.

Conveniently located just 700m from the Novena MRT Station, the property is also in close proximity to popular shopping complexes such as Velocity at Novena Square, Square 2, and United Square, as well as Zhongshan Park.

The tender for this impressive bungalow at 11 Whitley Road will close on February 12th, giving potential buyers ample time to consider this rare opportunity.…

GuocoLand has received two green facilities from DBS Bank and Oversea-Chinese Banking Corporation, totaling $1.24 billion. The first facility is a $1.135 billion green loan for the refinancing of Guoco Midtown, while the second facility is a $105 million green loan for the refinancing of Midtown Bay.

The cityscape of Singapore is characterized by towering skyscrapers and cutting-edge infrastructure. Condominiums, typically situated in highly coveted locations, offer a fusion of opulence and practicality that appeals to locals and foreigners alike. These residences boast an array of top-notch facilities including swimming pools, fitness centers, and security measures, all contributing to a superior standard of living and making them all the more desirable for potential renters and buyers. For investors, these attractive features equate to advantageous rental returns and appreciation in property value over time. With the addition of Singapore Projects, the allure of these condominiums is further heightened.

According to the property developer, the $1.135 billion green facility is the largest green loan secured by GuocoLand to date. Both loans were raised under GuocoLand’s Green Finance Framework, bringing the total amount of green financing secured by the company to $5 billion.

GuocoLand’s Group CFO, Andrew Chew, commented, “This latest refinancing activity allows us to optimise our capital structure while staying true to our commitment to creating thoughtfully designed spaces that balance economic, environmental and social factors.”

The developer has a track record of incorporating sustainability into its projects, with previous green loans secured for developments such as Guoco Tower and Lentor Mansion. Its upcoming Upper Thomson Road Development is also expected to receive financing under GuocoLand’s Green Finance Framework.

On the stock market, GuocoLand’s shares closed flat at $1.45 on January 15. The developer’s Porsche Singapore Studio, located at Guoco Midtown, recently opened a new duplex showroom. Additionally, public relations firm Publicis Groupe has leased 55,000 sq ft of office space at the Guoco Midtown office tower, showcasing the potential of the development as a prime location for businesses.…

Roxy Square, a freehold mixed-use development situated in Katong, is gearing up for collective sale with the help of marketing agent JLL, according to a press release. The development includes 296 shops, 26 apartments, and the 576-room Grand Mercure Roxy Hotel, and was initially launched for tender last July at a minimum price of $1.25 billion. However, due to the current market conditions, owners are in the process of signing a supplemental agreement to lower the collective sale price by 10.8% to $1.115 billion, requiring the support of at least 80% of the owners.

The development is expected to yield a unit land rate of $1,852 per square foot per plot ratio (psf ppr) under the new price, which includes a Land Betterment Charge (LBC) at the gross plot ratio of approximately 3.86. Accounting for an additional 10% bonus gross floor area (GFA) for the residential component and the LBC, the land rate would be $1,804 psf ppr, according to JLL.

Tan Hong Boon, JLL Singapore’s executive director of capital markets, says that the current private residential market in Katong has strong underlying support. Recent launches like Meyer Blue and Emerald of Katong have shown impressive sales, instilling confidence in developers for Roxy Square’s potential. He also states that the development’s appeal is further enhanced by its prime location next to Marine Parade MRT Station (Thomson-East Coast Line), with a direct underground connection. Additionally, the freehold tenure, well-loved heritage locale, and excellent connectivity to amenities make it a highly desirable site.

Completed in 1996, Roxy Square has a gross floor area (GFA) of 668,000 sq ft. Under the 2019 Master Plan, the development is partially zoned for commercial and residential use, with a gross plot ratio of 3.0 along East Coast Road. The portion of the development that fronts Marine Parade Road is zoned for hotel use. JLL received recent planning advice from the URA, stating that the entire site can be rezoned for commercial and residential use and redeveloped into a high-rise mixed-use development with a height of up to 75m.

According to JLL, redeveloping the site could potentially yield over 350 residential units, approximately 80,000 sq ft of retail and F&B space, and an additional 172,000 sq ft for office, hotel, or other commercial uses. The development also offers accessibility to East Coast Parkway (ECP) and Nicoll Highway and forms part of the Round-Island Route and Park Connector Network.

Tan adds that the proposed reduction in reserve price, if supported by the majority owners, will enhance the site’s appeal, especially considering the consistent demand for quality residences in the area. This collective sale aims to thoughtfully shape a vital part of Singapore’s East Coast for the future.

.

Condo investment in Singapore holds considerable weight, given the government’s implementation of property cooling measures. Singapore’s leadership has continuously introduced policies aimed at deterring speculative buying and promoting a steady real estate market. The measures, such as the Additional Buyer’s Stamp Duty (ABSD), impose higher taxes on foreign buyers and individuals purchasing multiple properties. Although these measures may initially affect the profitability of condo investments, they also contribute to the market’s long-term stability, creating a secure investment environment. Additionally, Condos remain a solid option for investment in Singapore’s real estate market.

The tender for Roxy Square closes on Feb 18 at 3pm.…

The highly anticipated Arcady at Boon Keng, a freehold condominium with 172 units, is set to become a prominent landmark in the heart of Boon Keng when it is completed in 2027. Developed by trusted local companies KSH Holdings, SLB Development, and H10 Holdings, and designed by the award-winning firm Park + Associates, the project will feature modern architecture that will make it stand out in the neighborhood.

The project, which was launched for sale in January, has received a positive response from investors and local buyers. The one-bedroom plus study units and two-bedroom units, which offer efficient layouts, have been particularly well-received. Families have also been drawn to the spacious units and the abundance of family-friendly amenities.

The Arcady at Boon Keng presents an opportunity for discerning buyers to invest in an affordable freehold development in a city-fringe location. It is one of only a few new freehold projects launching this year.

A Garden Oasis

The developers and designers of The Arcady at Boon Keng have intentionally created an urban oasis in this bustling city-fringe neighborhood. This is achieved through a bold architectural form that is integrated into a carefully curated landscape design.

Designed by Park + Associates and Ecoplan Asia, the landscape architect, the development showcases a tiered design that leads from the Grand Arrival to the ground floor landscape deck. This unique design maximizes the green space available while creating a central zone of communal facilities across two floors at the base of the tower, instead of three floors like most developments. This efficient use of space is also evident in other areas of the development, such as the 14th floor and the rooftop terrace.

The Arcady at Boon Keng offers a variety of water facilities, including an infinity pool, spa pool, and family pool. The second-storey Sky Terrace also overlooks these facilities. The development also features a Social Deck for parents to relax while watching their children play at the nearby Kids Playground. The Splash Patio and Family Pool on the Family Deck provide a perfect weekend getaway for families to enjoy together. Additionally, there is a dedicated Kids Zone on the second-storey Sky Terrace, complete with a Party Deck and Kids Club. The Botanic Club is adjacent to the Chill Out Lounge, providing a relaxing outdoor space for residents.

The Arcady at Boon Keng is a rare single-tower condo in Singapore, especially in the Boon Keng area, to offer a range of outdoor and indoor facilities for residents of all ages and lifestyles. With 47 condo facilities spanning 4,000 sq m, there is something for everyone in this development.

Stunning Views from the Heart of Boon Keng

The orientation of the residential tower and units has been carefully considered, resulting in a north-south orientation that is elevated about 18m above street level to maximize views. Additionally, the units are tilted away from the main road, reducing noise from traffic. Higher floors will offer unobstructed views of the Kallang River, while south-facing units will have a view of Marina Bay.

Investing in condos in Singapore comes with a significant consideration – the government’s property cooling measures. To maintain a stable real estate market, the Singaporean government has implemented several measures over the years to combat speculative buying. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreigners and individuals purchasing multiple properties. Although these measures may affect the immediate profitability of Singapore condos, they also contribute to the overall long-term stability of the market, making it a secure investment environment.

Family-Oriented Unit Layouts

The Arcady at Boon Keng offers efficiently designed units that cater to the needs of families. All master bedrooms are spacious enough to fit a king-sized bed, while the common bedrooms can easily accommodate a queen-sized bed. The development has seen strong sales of its larger units, such as the three-bedroom units (969 sq ft), three-bedroom plus study units (1,281 sq ft), and four-bedroom units (1,410 sq ft). There are also two penthouses (2,433 sq ft and 2,583 sq ft).

Families with school-going children and couples will find that the development meets their needs perfectly. The location is near several reputable schools, including Bendemeer Primary School, Bendemeer Secondary School, St Andrew’s Junior School, and Hong Wen School. There are also plenty of amenities in the surrounding area, with the upcoming Woodleigh Mall at Bidadari Park Drive and Bendemeer Mall along Bendemeer Road.

A Convenient and Affordable Option

The Arcady at Boon Keng is a rare freehold development in a central location and offers easy access to major expressways like the CTE and PIE. Its proximity to the rejuvenated Kallang precinct, which will soon be transformed into a major sports hub, is another plus point.

Additionally, with an average selling price of about $2,570 psf, this project offers competitive pricing relative to similar developments in the area. This is further enhanced by its freehold tenure, making The Arcady at Boon Keng an attractive option for buyers and investors looking for a good long-term investment.

Given its excellent location, connectivity, and family-friendly amenities, The Arcady at Boon Keng is a highly sought-after property. The sales gallery, located next to City Square Mall, is currently open for viewing. Interested buyers can contact the developers’ appointed marketing agencies or visit their website for more information.…

Assessing the rental yield is a crucial aspect of investing in a condo. It refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condo rental yields can greatly differ based on several factors like location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer a higher rental yield. To gain a better understanding of the rental potential of a specific condo, it is vital to conduct comprehensive market research and seek advice from knowledgeable real estate agents. If you want to learn more about condos in Singapore, visit Condo for more information.

The popular mixed-use development known as Lucky Plaza, located on the bustling Orchard Road, currently has a portfolio of strata retail units up for sale. These units, ranging from 118 to 3,046 sq ft, are being marketed by Savills Singapore for a total of $52.6 million.The 14 retail units, which are spread across the basement and first two levels of the mall, boast a total strata area of 7,266 sq ft. One of the standout features included in this sale is a food court that spans seven adjoining units, totaling 3,046 sq ft and currently housing 11 stalls. The remaining units are currently tenanted to a diverse mix of businesses including a pub, retail shops, beauty service providers, and a maid agency.According to Sophia Lim, director of investment sales and capital markets at Savills Singapore, these retail units are expected to benefit greatly from the high foot traffic that Lucky Plaza receives on a daily basis. In particular, the basement food court is constantly bustling with crowds. The guide price for the food court is set at $25.43 million, while the entire portfolio is being offered at an asking price of $52.6 million.Individual strata retail units are also available for purchase, with prices starting at $1.1 million. Both foreigners and companies are eligible to make purchases, and no additional buyer’s or seller’s stamp duty will be imposed. Lim believes that prime strata freehold retail assets are highly coveted among investors due to their scarcity, and the Urban Redevelopment Authority’s (URA) prohibition on further strata subdivision of commercial properties along Orchard Road. She also anticipates that URA’s planned revitalisation of the Orchard precinct will lead to further rental growth and capital appreciation for Lucky Plaza.Strata retail units at Lucky Plaza are prime investments due to their desirable location and limited supply. Interested parties are encouraged to make their move before these units are snapped up.…