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During the week of November 19 to 26, the most profitable condo resale transaction took place at Ardmore Park with the sale of a four-bedroom unit measuring 2,885 sq ft for $11.25 million ($3,900 psf) on Nov 22. The seller had previously purchased the unit in September 2016 for $8.2 million ($2,843 psf), resulting in a profit of $3.05 million or a capital gain of 37%, equivalent to an annualized profit of 4.6% over an eight-year holding period.

This sale follows another transaction in October, where a similar unit on the 23rd floor was sold for $12.7 million ($4,402 psf), resulting in a profit of $3 million. This translated into a capital gain of 30.9%. Located in prime District 10, Ardmore Park is a freehold condo with 330 units completed in 2001. It comprises of three 30-storey towers with typical units of 2,885 sq ft four-bedroom apartments and six 8,740 sq ft duplex penthouses.

Apart from these two transactions, four other resale deals have been made at Ardmore Park this year, with all units being profitable. These four-bedroom units range from 2,885 sq ft to 8,740 sq ft, and were sold for prices ranging from $4,108 psf to $4,472 psf. Sellers made profits between $2.65 million and $7.07 million.

The Singapore condo market is an attractive option for investment, but it is important to consider the government’s property cooling measures. In an effort to ensure a stable real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those interested in purchasing multiple properties. Although these measures may impact the short-term profitability of investing in a condo, they also contribute to the long-term stability of the market, creating a safer environment for investment. With Singapore Condo, investors can feel confident in their decision to invest in this promising market.

The second most profitable condo resale deal during the week of November 19 to 26 was at Goldenhill Park Condominium with the sale of a four-bedroom apartment on the 16th floor for $3.43 million ($2,228 psf) on Nov 21. The seller had purchased the unit from the developer in May 2001 for $1.14 million ($741 psf), resulting in a profit of $2.29 million or 201%. The seller had owned the unit for 23.5 years.

This is the second highest gain recorded at Goldenhill Park Condominium, with the highest recorded for a four-bedroom penthouse of 2,928 sq ft sold for $4.3 million ($1,469 psf) in February 2022. The seller had purchased the unit from the developer in April 2001 for $2 million ($683 psf), resulting in a profit of $2.3 million.

Goldenhill Park Condominium is a freehold development located in District 20 completed in 2004. It consists of 390 units of two- to four-bedroom apartments ranging from 926 sq ft to 2,928 sq ft. It is situated in close proximity to Lorong Chuan MRT Station on the Circle Line. This year, five other profitable resale transactions have occurred at Goldenhill Park Condominium, with prices ranging from $2,082 psf to $2,246 psf, resulting in profits between $760,000 and $1.91 million.

The most unprofitable condo resale deal during the week of November 19 to 26 was recorded at The Oceanfront @ Sentosa Cove with the sale of a four-bedroom unit measuring 2,831 sq ft for $4.7 million ($1,660 psf) on Nov 20. The seller had previously purchased the unit in May 2007 for $5.8 million ($2,050 psf), resulting in a loss of $1.1 million or 19% over 17.5 years.

The Oceanfront @ Sentosa Cove is a 99-year leasehold condo located in Sentosa Cove residential enclave, and consists of 264 units housed in five towers of between 12 and 15 storeys high. Residences range from two- to four-bedroom apartments measuring from 1,216 sq ft to 4,284 sq ft, and penthouses measuring from 2,745 sq ft to 8,095 sq ft.

This year, six other resale transactions have occurred at The Oceanfront @ Sentosa Cove, with prices ranging from $1,500 psf to $1,999 psf. Two transactions resulted in gains of $268,000 and $1.7 million, while four transactions incurred losses of between $30,000 and $519,000 for their sellers.…

Habyt, a leading co-living operator, has recently launched a new accommodation space at 5 Kadayanallur Street in Tanjong Pagar. This 18-room space, known as Kada at Maxwell, is Habyt’s flagship location for their latest concept – Habyt Flex. This represents a strategic expansion of the company’s offerings, moving away from their traditional focus on long-term co-living arrangements.

In August, Habyt Asia Pacific’s CEO Jonathan Wong announced the company’s plans to add more short-term living options to their portfolio. The first properties to be launched under the Habyt Flex concept are Habyt Novena, with 39 rooms, and Habyt Kallang, with 27 rooms. Other properties under this concept include Habyt Cantonment and Owen House by Habyt.

Kada at Maxwell features a variety of rooms, including en suite studios and two- to three-bedroom units, each equipped with a kitchenette. Guests have the option to book rooms on a nightly or weekly basis, with a 12-month option also available.

The dining area of a Studio Deluxe at Habyt’s Kada at Maxwell.

According to Wong, Habyt Kada at Maxwell showcases the company’s dedication to redefining flexible living in Singapore and signals their shift towards the next phase of evolution for Habyt Asia Pacific. Room rates at Kada at Maxwell will start at $180 per night.

This flexible living space is housed within a well-preserved 1920s colonial building, designed by architectural firm Swan & Maclaren. It was one of the earliest modernist buildings in Singapore and was originally built to house the St Andrew’s Mission Hospital for Women and Children.

In September 2023, a public tender to lease the property, now managed by the Singapore Land Authority (SLA), was launched. Bidders were evaluated based on their proposed concept and the bid price, with SLA encouraging the consideration of creative lifestyle concepts. The site was eventually awarded to Bethesda Medical, with a monthly rental bid of $103,000. This was the third-highest bid price, following Wan Dormitory ($160,000) and The Working Capitol ($108,240).

SLA stated that Bethesda’s strong focus on community building and connecting people with businesses gave their concept the winning edge. The first floor of the building will feature 10 F&B offerings, while the second floor will house a gym by Limitless, a wellness centre in partnership with Shiruki Studio, and a co-working space. Habyt’s Kada at Maxwell occupies the third floor.

Residents of Kada at Maxwell will have unlimited and complimentary access to the property’s health and wellness amenities, including a performance gym, cold plunge, infrared saunas, hot tubs, and foot baths.

The Oasis Lounge at Kada.

Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. In comparison to landed properties, the ownership rules for purchasing condos are less stringent. This makes it easier for foreigners to invest in condos. However, it’s worth noting that foreign buyers are still subject to the Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property purchase. Despite this added cost, the Singapore real estate market remains a stable and lucrative option, making it a popular choice for foreign investment. In fact, many foreign investors are drawn to Singapore Projects due to its potential for growth and stability.

“By blending modern conveniences with the timeless charm of a heritage building, we are offering guests a unique lifestyle experience that goes beyond traditional accommodation,” adds Wong.…

URA has just announced the launch of tenders for two residential Government Land Sale (GLS) sites located at Holland Link and Chuan Grove on December 3. These 99-year leasehold sites are part of the Confirmed List for the 2H2024 GLS Programme.

The Holland Link site is situated along Holland Link, just off Bukit Timah Road in District 10. With a land area of 185,141 square feet and a maximum gross floor area of about 257,225 square feet, it has the potential to yield around 230 housing units, according to estimates from URA.

This site is the first GLS plot to be launched in the upcoming Holland Plan precinct. In addition to Bayshore and Kampong Bugis, this precinct is one of the three upcoming areas identified by URA. Marcus Chu, CEO of ERA Singapore, notes that the residential area is expected to accommodate approximately 2,500 new homes.

Chu predicts that developers will be eager to bid for the Holland Link site to gain a first-mover advantage by introducing the first 230 units to the market. He also points out that the site is within a 2km radius of several prestigious schools, such as Methodist Girls’ School (Primary and Secondary), Henry Park Primary School, Pei Hwa Presbyterian Primary School, and National Junior College. This could be a major draw for families with young children who are looking for priority admission to these schools.

The Holland Link GLS site is also near the Brizay Park Good Class Bungalow area. As such, Mark Yip, CEO of Huttons Asia, predicts that the future developments in the Holland Plain precinct could focus primarily on low-density private residences.

Yip anticipates that there will be a limited response to the Holland Link site, with only one or two bids and a top bid of around $1,200 to $1,300 per square foot per plot ratio (psf ppr). Similarly, Chu believes that the site may receive up to three bids due to the current saturation in the tender process for residential sites, with a top bid of around $1,200 psf ppr.

The Chuan Grove GLS site is located along Chuan Grove, off Lorong Chuan in District 19. Covering an area of 170,409 square feet, it has a maximum gross floor area of 511,232 square feet and can potentially yield approximately 555 new housing units.

This site is just 400m away from Lorong Chuan MRT Station on the Circle Line, making it very accessible. The station is also only one stop away from Bishan MRT Station and Serangoon MRT Station, both of which are interchanges for other MRT lines. According to Chu, this future development has the potential to attract HDB upgraders living in the vicinity. Within the next four years, an estimated 3,815 Build-to-Order (BTO) units, sized four-room and larger, are set to fulfill their Mandatory Occupation Period (MOP) in Toa Payoh.

Chu adds that residents of HDB flats in older estates may be looking to upgrade their homes due to the increasing number of million-dollar flats in neighboring Serangoon, Bishan, and Toa Payoh. Over the past 10 months, the median transaction price of a five-room flat in Bishan and Toa Payoh was $792,000 and $828,000, respectively.

The stellar sales performance of Chuan Park, with 76% of its 916 units sold at an average price of $2,579 psf during its launch weekend, could also be a driving factor for developers to bid for the Chuan Grove site, says Chu. He expects bids to range from $571 million to $600 million, translating to a land rate of at least $1,200 psf ppr. Yip, on the other hand, predicts a total of three to five bids, with a top bid between $1,150 and $1,250 psf ppr.

The tenders for both the Chuan Grove and Holland Link sites will close at noon on July 8, 2025, and July 29, 2025, respectively.

Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage choices available. However, it is crucial to note the Total Debt Servicing Ratio (TDSR) framework, which dictates the maximum loan amount a borrower can take based on their income and current debt commitments. To avoid over-extending their finances, it is essential for investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers. For a comprehensive guide to financing a condo in Singapore, visit Singapore Condo.…

On Dec 3, the Urban Redevelopment Authority (URA) announced the release of two residential Government Land Sale (GLS) sites under the Reserved List of the 2H2024 GLS Programme. The sites, Holland Plain and River Valley Green (Parcel C), are now open for application and will be put up for sale if a developer indicates a minimum price that is accepted by the government. If there are multiple developers who submit a minimum price close to the government’s reserve price, the site may also be considered for tender launch.

The Holland Plain GLS site measures approximately 169,175 square feet with a maximum gross floor area (GFA) of 304,522 square feet, and has the potential to yield 280 residential units. This 99-year leasehold site is situated next to the Holland Link GLS site, which was also launched for tender on the same day. The site is estimated to be able to accommodate 230 units.

When considering investing in condos in Singapore, one important factor to keep in mind is the government’s property cooling measures. To maintain a stable real estate market and prevent speculative buying, the Singaporean government has implemented several measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreigners and those purchasing multiple properties. Although these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a secure investment environment. With the addition of new condo launches, there are even more opportunities for investors to enter the market and benefit from these measures.

Mark Yip, CEO of Huttons Asia, believes that there is a low chance that the Holland Plain site will be triggered for sale. “Developers are likely to wait and see the response to the Holland Link GLS site first,” he says. The tender for the plot will close in July 2025.

The other site, River Valley Green (Parcel C), is located next to the Great World MRT Station on the Thomson-East Coast Line. Spanning 123,964 square feet, this 99-year leasehold site has a maximum GFA of 433,882 square feet and can potentially yield 470 new housing units.

Yip also predicts that this site is unlikely to be triggered for sale, especially since there is an ongoing tender for the neighbouring River Valley Green (Parcel B) plot, which is set to close in February next year. This site can accommodate 580 units, including 220 long-stay serviced apartments. Moreover, the site is also in close proximity to three other recently awarded GLS sites. In June, River Valley Green (Parcel A) was awarded to Winchamp Investment, a subsidiary of Wing Tai Holdings, for $464 million, or $1,325 psf per plot ratio (psf ppr), and will be developed into a residential development with over 400 units. In April, Zion Road (Parcel A) was awarded to a joint venture between City Developments and Mitsui Fudosan, who will be exploring a mixed-use project with around 740 residential units, a retail podium, and a block with 290 rental apartments. In August, Allgreen Properties won the tender for Zion Road (Parcel B) for $730.09 million ($1,304 psf ppr), with plans to develop about 610 residential units.

Given the upcoming supply from these three sites, Yip believes that there is “little incentive” for developers to trigger River Valley Green (Parcel C) for sale.…

The new 99-year leasehold private condominium, Emerald of Katong, developed by Sim Lian Group, has seen brisk sales since its launch. As of November 30, caveats lodged show that 825 units (97.5%) have been sold, achieving an average price of $2,617 psf. The developer held a balloting session for the 13 units that were not taken up during the launch, and all have been sold.Since the launch of Emerald of Katong, neighbouring projects in the East Coast area of District 15 have also seen an increase in sales. Tembusu Grand, a 99-year leasehold development by City Developments Ltd (CDL) and MCL Land, recorded 52 units sold in November, bringing cumulative sales to 581 units or 91% to date.At the 1,008-unit Grand Dunman, also a 99-year leasehold project, 18 units were sold since Nov 11, bringing cumulative sales to 731 units or 72.5% to date. Another project to benefit from the launch of Emerald of Katong is The Continuum, an 816-unit freehold development by joint venture partners Hoi Hup Realty and Sunway Developments. A total of 126 units have been sold since Nov 9, bringing overall sales to 528 units or 64.7% to date, at an average price of $2,788 psf.The new home sales in November have already surpassed the previous peak set in March 2013, according to Hutton Data Analytics. The strong take-up in November is expected to boost new home sales in 2025 as well. The Emerald of Katong launch also saw the highest psf prices achieved for one-bedroom and two-bedroom units on high floors. The units fetched prices from $2,901 psf to $2,958 psf, based on caveats lodged. At The Continuum, 13 caveats have been lodged, with prices exceeding $3,000 psf.

Due to the limited land availability in Singapore, condos have become highly sought after. As a small island country with a fast-growing population, Singapore struggles to find enough land for development. As a result, strict land use policies have been implemented and the real estate market has become fiercely competitive, causing property prices to continuously rise. This has made investing in real estate, specifically condos, a profitable venture with the potential for capital appreciation. This demand has only been amplified with the addition of Singapore Projects, making the market even more attractive for investors.…

According to Savills Research, the real estate market in Asia Pacific (Apac) continues to outperform its global counterparts, with real GDP growth surpassing that of the US and Europe. This was revealed in their global outlook report for 2025, which was released on November 28.

Paul Tostevin, head of world research at Savills, notes that for the first time in five years, there is more stability and confidence in the economic outlook. This is expected to boost investment and activity in the market.

In the first three quarters of 2024, Apac saw a 4% year-on-year increase in investment volumes, reaching US$108.7 billion. The top three markets that experienced the highest growth in investment volumes during this period were Singapore (74% growth), South Korea (71%), and Australia (63%).

Savills Research predicts that global real estate investment turnover will rise by 27% and reach US$952 billion in 2025. By 2026, it is expected to exceed the US$1 trillion mark for the first time since 2022.

Alan Cheong, executive director of research and consultancy at Savills Singapore, states that Singapore’s real estate market is expected to follow the global trend. Meanwhile, Savills predicts a full recovery in investment activity in Apac next year, driven by sectors such as tourism, residential, and industrial, particularly in logistics and data centres.

Simon Smith, regional head of research and consultancy for Apac at Savills, states that the conditions for a recovery in real estate investment interest in the region are in place. He also notes that long-term trends, such as growth in markets like India and Southeast Asia, will support values. However, the outcome will depend on how global themes play out and which players are best positioned to take advantage of them.

Savills adds that Apac’s office sector remains attractive, accounting for 37% of the region’s total real estate investment in the first three quarters of 2024 – significantly higher than the global average of 23%. Singapore, China, South Korea, and Japan are the top cities for office utilization, with occupancy rates exceeding 90%. The region also continues to be a leader in green-certified office spaces, as office tenants place a stronger emphasis on environmental, social, and governance (ESG) matters.

In Singapore, office tenants are increasingly prioritizing the green agenda. There has also been a slight recovery in activity, with more leases being concluded. Rental rates for Grade-A office spaces in the Central Business District are expected to remain stable from 2025 to 2026.

With its status as a hub and gateway to the region, Singapore is a preferred destination for new overseas brands. Prime retail developments are also experiencing healthy demand, keeping rental levels firm.

Despite cost pressures, there is still strong demand in key sectors like logistics, advanced manufacturing, healthcare, and data centres, which should help stabilize rental rates and capital values in the long term. Cheong adds that the adoption of artificial intelligence is leading to the construction of more data centres in Singapore, with data centre service providers using it as a base to scout for suitable locations to build their infrastructure.

Investing in a condominium in Singapore offers numerous benefits, one of which is the potential for capital appreciation. The country’s advantageous position as a major global business hub, combined with its robust economic foundations, results in a consistent demand for real estate. This has led to a steady increase in property prices over the years, with prime location condominiums experiencing substantial appreciation. By timing their investments strategically and holding onto their properties for a prolonged period, investors can reap significant capital gains. Keeping an eye on new condo launches can also provide opportunities for potential growth in the market.

Tostevin concludes that as global investment and activity return to sustained growth, the real estate industry must adapt to changing legislative and geopolitical dynamics while ensuring sustainable and socially responsible development to meet the needs of a changing world. Savills’ report also highlights Apac as the top investment destination for family offices globally, according to a UBS report.…

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Hill House by Macly Group has emerged as the top-performing boutique development in Singapore, with a new record of $3,267 per square foot (psf) achieved for a compact two-bedroom unit. This was based on a sale of a 452 sq ft, two-bedroom on the fifth floor, which the developer sold for $1.48 million on Nov 11. The new record is a marginal increase of 0.1% from the previous record of $3,263 psf in November 2023. This was attained from the sale of a 624 sq ft two-bedroom unit on the ninth floor, which was sold for $2.04 million. In total, there have been 11 transactions at Hill House this year with an average price of $3,098 psf, which is 0.9% lower than the average price of $3,127 psf from the five transactions recorded last year.

Hill House, a 999-year leasehold condo located at the top of Institution Hill, off River Valley Road, in prime District 9, consists of 72 units. Of these, 40 are one-bedroom and one-bedroom plus study units ranging from 431 sq ft to 452 sq ft; 24 are two-bedroom units of 624 sq ft; and the remaining eight are three-bedroom apartments of 753 sq ft. As of now, 29 units (equivalent to 40%) have been sold at an average price of $3,060 psf since its launch in November 2022. Hill House is slated for completion in the third quarter of 2026.

The Continuum, another freehold condo by the developer, came in second on the list of condos that saw new psf-price highs during the period. The latest record of $3,084 psf was achieved from the sale of a 721 sq ft, two-bedroom unit on the 17th floor for $2.22 million on Nov 16. The new record is only 0.4% higher than the previous high of $3,071 psf, which was set on Nov 15 from the sale of a similar unit on the 16th floor.

The Continuum is a freehold condo comprising 816 units situated on Thiam Siew Avenue, off Haig Road and Tanjong Katong Road in District 15. It was launched in May last year and is expected to be completed by 2026. The units are a mix of one- to five-bedroom apartments spanning from 560 sq ft to 2,260 sq ft. So far, 489 units (equivalent to 59.8%) have been sold at an average price of $2,779 psf.

When it comes to real estate investments, location is a critical factor and this holds particularly true in Singapore. Investing in condos located in central areas or close to essential amenities such as schools, shopping malls, and transportation hubs can lead to higher appreciation in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown impressive growth in property values. The added bonus of being near reputable schools and educational institutions makes condos in these areas even more sought-after by families, further increasing their potential as investments. Additionally, keeping an eye out for new condo launches can provide even more opportunities for investing in prime locations in Singapore.

In comparison, Lavender Residence, a freehold boutique development by FLJ Property, has seen a new psf-price low from the sale of a 990 sq ft, one-bedroom plus studio unit on the second floor at $1.61 million, or $1,626 psf, on Nov 17. This is lower than its previous PSF record of $1,710 psf set in June 2023 from the sale of a 1,335 sq ft, four-bedroom unit on the sixth floor for $2.28 million. Lavender Residence is a 17-unit development located at the junction of Lavender Street and Kempas Road in Boon Keng, District 12. The development consists of studios, three-bedroom units, and dual-key variants, ranging from 463 sq ft to 1,550 sq ft. It is expected to be completed soon and is within walking distance of Bendemeer MRT Station on the Downtown Line.…

The government has recently announced a new measure to provide relief for homeowners in Singapore. In 2025, a one-off property tax rebate of 20% will be given to owner-occupied HDB flats, while a 15% rebate will be given to owner-occupied private residential properties. However, the rebate for private residential properties will be capped at $1,000.

Investing in a Singapore Condo offers numerous benefits, one of which is the potential for significant capital appreciation. Known as a leading global business hub, Singapore’s strong economic foundations have resulted in a sustained demand for real estate. This has led to a consistent uptrend in the country’s real estate market, with prime condo locations experiencing significant growth in value over the years. For investors who enter the market at the right time and hold onto their properties for the long term, substantial capital gains can be expected. Including a Singapore Condo in one’s investment portfolio can prove to be a wise and profitable decision. Consider exploring options for Singapore Condo to diversify and potentially increase your investment returns.

Property tax is calculated based on a property’s annual value, which is the estimated rent the property can generate in a year if it were to be rented out. This measure was introduced by the government on November 29, in preparation for the upcoming increase in annual value bands for owner-occupier residential property tax rates on January 1 under Budget 2024.

The government estimates that this measure will result in lower property taxes for more than 90% of owner-occupied HDB flats and private residential properties. This aims to alleviate concerns about the cost of living among Singaporeans.

According to Lee Sze Teck, senior director of data analytics at Huttons Asia, the annual value of private properties is expected to remain flat this year due to low or marginal growth in private residential rents. On the other hand, he predicts a 4% increase in HDB rents, which will lead to a rise in the annual value of HDB flats.

The one-off property tax rebate may help cushion the impact of any increase in annual value for HDB owners. For instance, if a HDB flat has an annual value of $30,000, the property tax payable in 2025 would be $720. With the rebate, the owner will only need to pay $576, saving $144.

Similarly, some owner-occupiers of private residential properties may also benefit from the 15% property tax rebate, with a cap of $1,000. For example, if the annual value of a property is $85,000, the property tax payable would be $5,760. With the rebate, the owner would only need to pay $4,896, saving $864.

However, Lee notes that property tax rebates have been offered before and do not affect the attractiveness of investing in residential properties in Singapore. The appeal of investing in residential properties lies in the potential for capital appreciation, which outweighs the increase in property tax.

In conclusion, the revised property tax rates introduced in Budget 2024 will mainly benefit owner-occupied properties with lower annual values. This measure provides some relief to homeowners in Singapore, but it does not reduce the appeal of investing in residential properties for potential long-term gains.…

In just two years, Jason Ng, CEO and executive chairman of Aurico Global, has successfully built a property investment and training firm that now holds $52 million in assets under management. Ng’s journey in real estate started back in 1993, driven by his desire to provide for his family. Growing up, Ng lived in a rental flat in Dakota Crescent with six other family members. This motivated him to work hard and secure a well-paying job, so he could invest in his first property – a 1,400 square foot three-bedroom apartment worth $435,000. However, Ng’s real estate journey did not stop there. He expanded his investment portfolio and even ventured into student enrichment and parenting training, becoming an accredited family life educator. In 2021, Ng co-founded Aurico with his wife, Emelyn Ho, to consolidate his various businesses, including co-living, property and investment training, and preschool enrichment resources and programmes. Aurico’s property portfolio includes residential, commercial, and industrial assets, with a focus on strategic and quality properties. The company manages 380 co-living units under the brand Communa and has plans to double this number to 600 units by the end of the year. Aurico also has a presence in the commercial sector, with the acquisition of a commercial strata office unit at Woodlands Square, and food factories to tap into Singapore’s goal to produce 30% of its nutritional needs by 2030. In May, Aurico acquired a controlling stake in Autagco Ltd, a company listed on the Singapore Exchange, and plans to expand its core business to include residential assisted living. This sector is expected to be profitable with Singapore’s aging population. Besides property investment, Aurico is also dedicated to educating aspiring investors on how to make informed decisions through its comprehensive training courses. Ng’s goal is to make property investment accessible to everyone, including millennials and Gen Z who may believe that property investment is only for the affluent. With its hands-on support and network, Aurico is set to empower individuals to achieve their financial goals through real estate.

The investment potential of Singapore Condos is undeniable, making it a highly desirable choice for both local and international investors. The bustling city-state boasts a strong economy, a stable political climate, and an exceptional quality of life, making it an ideal location to invest in real estate. Among the various opportunities in Singapore’s real estate market, condominiums have emerged as a top choice due to their convenience, amenities, and potential for profitable returns. In this article, we will explore the advantages of investing in a Singapore Condo and discuss important considerations and steps to take when making such a investment.…

The demand for condos in Singapore remains consistently high due to the limited availability of land. As a small island country with a rapidly increasing population, Singapore has been facing challenges in finding suitable land for development. This has resulted in stringent land use regulations and a highly competitive real estate market, causing property prices to continuously surge. As a result, investing in real estate, specifically in condos, has become a highly profitable option with the potential for significant capital appreciation. To explore the latest Singapore Condo options, visit https://www.ananar.com/.

Maple Woods condominium has made headlines as the most profitable resale transaction during the week of Nov 12 to 19, with the sale of a three-bedroom unit on the first floor for a whopping $3.3 million. The 1,539 sq ft unit was sold at a rate of $2,144 per square foot on Nov 15, reflecting a significant increase from its initial purchase price of $1.28 million ($830 per square foot) in April 2009. This resulted in a profit of $2.02 million for the seller, representing a capital gain of 158% or an annualised profit of 10.6% over a holding period of about 15½ years.

Situated in prime District 10 along Bukit Timah Road, Maple Woods is a freehold condominium that was built in 1997. It comprises 697 units ranging from two to four-bedroom apartments, with sizes ranging from 850 sq ft to 3,003 sq ft. The development boasts a strategic location, being just a five-minute walk from King Albert Park MRT Station on the Downtown Line. Additionally, it is within close proximity to reputable schools such as Methodist Girls’ School and the Rail Corridor.

This year, 10 other resale transactions have taken place at Maple Woods, all of which have been profitable deals. Sellers have made gains of at least $425,000, with three units selling for over $2 million. The first was a 1,787 sq ft, three-bedroom unit on the eighth floor that sold for $3.75 million ($2,099 psf) on July 1997, making a profit of $2.15 million. The second unit was a 1,787 sq ft, three-bedroom unit that sold for $3.82 million ($2,138 psf) on Sept 10. And finally, the third unit was a 3,003 sq ft, four-bedroom unit that was sold on Sept 10 for $5 million ($1,665 psf). These transactions resulted in profits of $2.47 million and $2.6 million respectively.

The second most profitable condo resale deal during the week took place at UE Square, with a three-bedroom unit measuring 1,528 sq ft on the seventh floor fetching $2.95 million ($1,930 psf) on Nov 14. The seller had acquired the unit through a sub-sale in December 1997 for $1.3 million ($850 psf), resulting in a gain of $1.65 million (127%) after owning the unit for nearly 27 years.

This marked the fourth most profitable resale transaction recorded at UE Square, with the record still belonging to a four-bedroom penthouse spanning 3,089 sq ft that changed hands for $6.27 million ($2,031 psf) on Oct 6, 2023. The seller, who bought the unit for $4.1 million ($1,327 psf) in December 2009, made a gain of $2.17 million.

The most unprofitable condo resale transaction during the week was the sale of a 2,745 sq ft unit at Tomlinson Heights for $8.25 million ($3,006 psf) on Nov 19, resulting in a loss of approximately $601,000 (6.8%). The seller had purchased the unit from the developer in February 2011 for $8.85 million ($3,225 psf).

Tomlinson Heights is a luxury 70-unit condominium located off Orchard Boulevard in District 9. Comprising a 36-storey tower with a mix of three- and five-bedroom units ranging from 2,551 sq ft to 6,738 sq ft, this freehold development was completed in 2014 and is situated within walking distance of malls along the Orchard Road shopping belt.…