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When considering investing in Singapore, it is crucial for international investors to familiarize themselves with the laws and limitations surrounding property ownership. Unlike landed properties, foreigners are generally permitted to purchase condos with less restrictions. Nevertheless, foreign buyers are subjected to the Additional Buyer’s Stamp Duty (ABSD) which currently stands at 20% for their initial property purchase. Despite incurring these additional expenses, the stability and potential for growth in the Singapore real estate market remains an attractive draw for foreign investment. To learn more about Singapore Condos, it is important to understand the regulations and restrictions in place for property ownership.

Ayana Bali, a sprawling 90ha integrated resort in Bali, Indonesia, has just unveiled its newest residential property – the Alamanda Tower. This luxurious apartment complex offers a total of 26 one- and two-bedroom units that are available for long-term lease, with a minimum stay of one month.

Alamanda Tower is one of the properties under Ayana Residences, a collection of residential developments within the Ayana Bali estate. Situated along the picturesque coastline of Jimbaran Bay, Ayana Bali boasts four hotels – Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali, and Rimba by Ayana Bali – as well as the renowned Ayana Spa, a golf putting course, a secluded beach, various event venues, and a plethora of 30 dining outlets.

Residents at Alamanda Tower have exclusive access to three stunning rooftop pools, as well as the extensive facilities at the community center within Ayana Residences. These amenities include a fully-equipped gym, a lap pool, and a sauna and steam room. The property also offers services such as a dedicated concierge team, bi-weekly housekeeping, a buggy service within Ayana Bali, and discounts on all dining and select spa services.

One-bedroom units at Alamanda Tower boast a generous 1,173 sq ft of living space, with monthly rental prices starting from around IDR70 million ($5,896). For those looking for more spacious accommodations, two-bedroom units without a pool measure 1,647 sq ft and have a starting price of approximately IDR100 million per month. Two-bedroom apartments that come with a private pool have a slightly larger floor area of between 2,045 to 2,648 sq ft, and rentals for these units start from approximately IDR120 million per month.

Ayana Bali is managed by Indonesia’s Ayana Hospitality, which also operates properties in other popular destinations such as Jakarta and Labuan Bajo. With its stunning location, unrivaled amenities, and impeccable service, Ayana Bali is a dream destination for those seeking to experience luxury living in the beautiful island of Bali.…

Surbana Jurong Group, a leading global urban, infrastructure and management services consulting firm, has announced the appointment of Professor Cheong Koon Hean to its board of directors. According to the press release issued on Jan 6, this appointment will further strengthen Surbana Jurong’s capabilities in providing cutting-edge, resilient and sustainable solutions for the built environment.Cheong brings with her a wealth of experience, having served as the Chief Executive Officer of the Housing and Development Board (HDB) from 2010 to 2020, and before that, as the Chief Executive Officer of the Urban Redevelopment Authority (URA) from 2004 to 2010. Currently, Cheong is the Chair of the Lee Kuan Yew Centre for Innovative Cities and a Professor of Practice at the Singapore University of Technology and Design. She also holds positions on the boards of the National University of Singapore and CapitaLand Group, and is Singapore’s non-resident ambassador to Finland.Moreover, Cheong is also the Chairman of the Centre for Liveable Cities Advisory Panel under the Ministry of National Development. Her extensive experience in the urban and infrastructure sectors makes her a valuable asset to the Surbana Jurong Group, as it continues to drive positive change and innovation towards a sustainable future for all. Read also: The Future of Sustainable Buildings: Key Factors Driving Progress Towards a Greener Tomorrow.

Condos in Singapore have become a sought-after option for both domestic and international investors, thanks to the country’s thriving economy, stable political climate, and exceptional quality of life. The real estate market in Singapore presents a wide range of opportunities, with condos standing out for their convenience, amenities, and potential for impressive returns. In this article, we will delve into the advantages, factors to consider, and necessary steps for investing in a condo in Singapore through sites like Condo.…

A residential development with a rich history, River Valley Apartments in prime District 10 has been put up for collective sale through public tender. The marketing agent, Knight Frank Singapore, announced on January 6th that the development is priced at $56 million.

Originally constructed in the 1950s, River Valley Apartments consists of 24 units spread across four storeys. The development sits on a freehold land area of approximately 12,408 square feet and is zoned for residential use, with a gross plot ratio of 2.8. Conveniently located just 500m from the Great World MRT Station on the Thomson-East Coast Line, the development is within walking distance to Great World City and Valley Point Shopping Centre. It is also situated within a 1km radius of River Valley Primary School and Alexandra Primary School.

Obtaining financing is a crucial aspect of investing in a condo. In Singapore, there are multiple mortgage options available for potential buyers. However, it is essential to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework limits the amount of loan a borrower can obtain based on their income and existing debt obligations. It is crucial to have a thorough understanding of TDSR and seek guidance from financial advisors or mortgage brokers to make informed decisions about financing and avoid overextending oneself. With the support of professionals, investors can confidently navigate their condo financing journey. Condo should be an integral part of this journey.

According to the EdgeProp LandLens map, the site has the potential for redevelopment into a boutique residential development with 37 new units, with an average size of 915 square feet. The guide price of $56 million translates to a land rate of approximately $1,622 per square foot per plot ratio (psf ppr), which includes a nominal land betterment charge. Factoring in the 7% bonus gross floor area allowed for balconies, the price then translates to approximately $1,583 psf ppr.

Knight Frank’s head of capital markets (land and collective sale), Chia Mein Mein, notes that the site is situated near three Government Land Sale (GLS) sites that were successfully sold last year. In April 2020, the Zion Road (Parcel A) GLS site was awarded to a joint venture between City Developments and Mitsui Fudosan for $1.107 billion ($1,202 psf ppr). In June 2020, Wing Tai Holdings successfully acquired a GLS site at River Valley Green for $463.99 million ($1,325 psf ppr). Two months later, Allgreen Properties secured the Zion Road (Parcel B) GLS site for $730.9 million ($1,304 psf ppr) in August.

Chia further adds, “Despite the lackluster home sales activity in the Central Region, the interest in the River Valley and Zion Road location demonstrates that developers continue to be attracted to this area. This may be due to the belief that when these projects are ready for launch, there will be a ready demand for prime products after a long period of subdued activity.”

If the development is successfully sold, Knight Frank estimates that owners of the units at River Valley Apartments, which range between 947 and 1,238 square feet in size, could receive a minimum of $2 million to $2.6 million in sale proceeds.

The collective sale tender for River Valley Apartments will close on February 18 at 3pm. Potential buyers can check out the latest listings for River Valley Apartments properties on EdgeProp’s Ask Buddy feature. For information on past profitable rental and sale transactions, as well as price trends for the development, users can also refer to EdgeProp’s Buddy feature.…

Securing financing is a crucial step in investing in a Singapore condo. With Singapore offering various mortgage choices, it is essential to consider the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can obtain, taking into account their income and existing debt obligations. Being familiar with the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making well-informed financing decisions, preventing them from becoming over-leveraged.

The Urban Redevelopment Authority (URA) has given the green light for a voluntary conservation plan for Golden Mile Tower. This plan will only take effect if the 99-year leasehold property is successfully sold in a collective sale and the new developer intends to redevelop it.

According to documents obtained by EdgeProp Singapore, the government has stated that if the new developer agrees to conserve the existing cinema block, they may be allowed to increase the site’s gross plot ratio (GPR) from 4.46 to 5.6. This would result in a higher gross floor area (GFA) of 525,854 sq ft, an increase from the current GFA of 419,142 sq ft. Furthermore, the new development could also have a maximum building height of 164m, which is higher than the current limit of 145m.

The latest attempt to sell Golden Mile Tower through a collective sale was made in August last year, with a reserve price of $556 million. This was the third attempt to sell and redevelop the 99-year leasehold property.

According to Anna Tan, the business development director at Tag Realty (the marketing agent for the collective sale of Golden Mile Tower), the reserve price remains unchanged. This translates to a land rate of $1,350, which includes the cost of renewing the land tenure but excludes land betterment charges.

“The increase in building height under the voluntary conservation plan presents opportunities for developers to create an iconic presence in the skyline. It also means that the new development can have commercial and hotel spaces with 5m floor-to-ceiling heights, and residential units with 3.6m ceiling heights,” says Tan.

The approval for voluntary conservation is especially significant since the neighboring Golden Mile Complex, now known as Golden Mile Singapore, was recently gazetted for conservation in 2021. Golden Mile Singapore is a joint development by Perennial Holdings and Far East Organization. The commercial units were launched in December last year, and the new residential units, located in a 45-storey tower, are expected to be launched in the current quarter.

With limited land supply along Beach Road and rejuvenation efforts such as the launch of Golden Mile Singapore and the neighboring Kallang Alive masterplan, the approval for voluntary conservation is a rare opportunity for the redevelopment of Golden Mile Tower. According to Tan, this presents an opportunity to develop a new mixed-use development in a prime location along Beach Road. The building’s heritage and future potential make it an attractive investment opportunity for both local and international investors.…

Undoubtedly, purchasing a Condo in Singapore presents a plethora of benefits, including high demand, potential for appreciation in value, and attractive rental yields. However, it is crucial to carefully evaluate certain factors such as location, financing options, government regulations, and prevailing market conditions. With thorough research and seeking advice from experts, investors can make well-informed decisions and maximize their returns in Singapore’s dynamic real estate industry. Whether you are a local investor seeking to diversify your portfolio or an international buyer looking for a stable and profitable investment, adding a Condo in Singapore to your assets proves to be a compelling opportunity. Don’t miss out on the chance to invest in Condo in this thriving market.

On the weekend of January 4-5, the sales gallery of Bagnall Haus at Upper East Coast received an overwhelming number of 1,500 visitors. Teo Hong Lim, the executive chairman of Roxy-Pacific Holdings, the developer behind Bagnall Haus, reports that many of the visitors were families currently residing in the East.

Bagnall Haus, a 113-unit freehold condominium, is one of the first new project launches of 2025. The development is a redevelopment of the former Bagnall Court, which was acquired for $115.28 million in January 2023.

One of the key selling points of Bagnall Haus is its convenient location. Situated less than a five-minute walk away from the upcoming Sungei Bedok MRT Interchange Station, the project also boasts a five-minute walk to the Upper East Coast Bus Terminal.

Interested buyers can visit the sales gallery to search for the latest New Launches, where they can find out more about the transaction prices and available units. This is certainly an exciting opportunity as the last new project launched in the Upper East Coast Road neighbourhood was 15 years ago.

To cater to a diverse range of buyers, from investors to owner-occupiers, singles and families, the developer has a good mix of unit types. These include one-bedroom plus flexible units starting from 495 square feet to five-bedroom units spanning 1,528 square feet. Prices start from $1.235 million, which works out to be $2,495 per square foot. The developer reveals that the average indicative price for Bagnall Haus is around $2,450 per square foot.

Interested buyers can also check out the latest listings for Bagnall Haus properties on websites such as Ask Buddy. The website provides a project summary for Bagnall Haus condo and allows users to compare the price trends of HDB, condos, and landed properties. It also features recently launched projects and upcoming new launch projects, making it a useful resource for buyers to stay updated on the latest property market trends.

Additionally, buyers can also utilize the website to compare the price trends of new condo sales versus executive condominium (EC) sales. This allows buyers to make an informed decision when considering their options.

In a nutshell, the sales gallery for Bagnall Haus at Upper East Coast has been bustling with a high number of interested buyers, with its convenient location and attractive mix of unit types. Interested buyers can find out more about the project and stay updated on the latest property market trends by utilizing resources such as Ask Buddy.…

Investing in a Singapore condo has become an increasingly popular choice for investors, thanks to the country’s thriving real estate market. With its high demand, potential for capital appreciation, and attractive rental yields, a condo in Singapore can offer a variety of advantages. However, before jumping into any investment, it is crucial to carefully consider several factors in order to make a wise and profitable decision.

One of the key factors to contemplate is the location of the condo. Singapore is a diverse and dynamic city, with different areas offering different levels of desirability and potential for growth. It is essential to research the neighborhood and its surroundings to ensure a good investment. Another vital aspect to consider is financing. While condo prices may be on the rise, obtaining a loan with favorable terms can help make the investment more manageable.

Additionally, it is crucial to be aware of government regulations as they pertain to the purchase and ownership of a condo in Singapore. These regulations can vary for local and foreign investors, and it is essential to be well-informed to avoid any potential issues. Furthermore, keeping an eye on the current market conditions is necessary to make an informed investment decision. Understanding the trends and potential shifts in the market can help investors choose the right time to enter or exit the market.

Seeking professional advice from real estate experts is highly recommended in the process of investing in a condo in Singapore. With their knowledge and experience, they can provide crucial insights and help navigate the complex market. By conducting thorough research and seeking guidance, investors can maximize their chances of making a profitable investment.

Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, condos in Singapore present a compelling opportunity. With its strong demand, potential for capital appreciation, and attractive rental yields, investing in a Singapore condo can provide a solid return on investment. However, it is essential to carefully consider the above-mentioned factors and seek professional advice to make an informed decision and capitalize on the dynamic real estate market in Singapore. So, if you are looking for a lucrative and stable investment, a condo in Singapore may be just the right choice.

Dear Editor, on Jan 2, HDB released the flash estimates for the fourth quarter of 2024, indicating a 2.5% quarter-on-quarter increase in resale flat prices. This marks the 19th consecutive quarter of price growth in the HDB resale segment, while the full year growth of 9.6% in 2024 has doubled from the previous year’s increase of 4.9%. However, these numbers are still lower than the 10.4% and 12.7% growth in 2022 and 2021 respectively. Chief researcher and strategist at OrangeTee Group, Christine Sun, attributes this slowdown to the government’s measures in August 2024, when the loan-to-value limit for HDB loans was reduced by five percentage points to 75%. The flash estimates also reveal a decrease in resale volume by 3.6% year-on-year in the fourth quarter of 2024, and a decrease of 22.5% quarter-on-quarter from 3Q2024. Sun believes that this decline is due to the launch of over 8,500 new flats in the October Build-to-Order (BTO) exercise, which drew demand away from the resale market, as well as the seasonal slowdown during the year-end school holidays. On the other hand, head of research and content at PropNex, Wong Siew Ying, suggests that the number of million-dollar flat transactions decreased in 4Q2024 due to the government’s measures taking effect, as well as the lower resale volume during the period. However, despite the quarterly decline, the total number of million-dollar transactions reached a record high of 1,033 units in 2024, compared to 469 units in the previous year. Looking ahead, OrangeTee predicts a slower pace of price growth in 2025 due to a reduced supply of flats reaching Minimum Occupation Period (MOP) and a smaller BTO supply of 17,290 units. PropNex and Huttons, on the other hand, expect prices to continue rising but at a more measured pace, with a forecasted growth of 5% to 7% and 5% to 8% respectively. The HDB resale market is expected to remain strong in 2025, driven by healthy housing demand and fewer MOP flats in the market. However, the level of price growth will depend on the number of BTO flats released by the government in the upcoming years.…

Is it a good deal: $608,000 for a four-room HDB flat in Punggol Is it a good deal: $268,000 for a five-room HDB flat on the 17th floor of Anchorvale Drive?

On January 2, the Housing and Development Board (HDB) released flash estimates for the resale flat market, showing a 2.5% quarter-on-quarter (q-o-q) increase in prices in the fourth quarter of 2024. This growth is slightly lower than the 2.7% q-o-q increase recorded in the previous quarter. The 19th consecutive quarter of price growth in the HDB resale segment was marked by these estimates.

The flash estimates also revealed that HDB resale prices rose by 9.6% in 2024, double the 4.9% growth in 2023. However, this was still slower than the 10.4% price increase in 2022 and the 12.7% growth in 2021, according to Christine Sun, chief researcher and strategist at OrangeTee Group.

According to OrangeTee, HDB caveat data from data.gov.sg that was downloaded at 8.15am on January 2 showed a slowdown in price growth for certain flat types. For instance, the median price of four-room flats saw a q-o-q increase of 2.5% in the fourth quarter of 2024, slower than the 3.4% growth in the third quarter of the same year.

Similarly, two-room flats recorded a 2% q-o-q price increase in the fourth quarter of 2024, also slower than the 3.9% growth in the previous quarter. Meanwhile, executive flats saw a 1.2% q-o-q price increase in the fourth quarter of 2024, compared to 1.7% in the previous quarter. On the other hand, prices for five-room flats grew 3.2% in the fourth quarter of 2024, faster than the 1.2% increase in the third quarter of 2024.

The resale volume decreased by 3.6% year-on-year (y-o-y) in the fourth quarter of 2024, from 6,547 transactions in the same quarter of 2023 to 6,314 units. This is a 22.5% q-o-q decline from the 8,142 units recorded in the third quarter of 2024. Sun attributes this decline to HDB launching over 8,500 new flats in the October Build-to-Order (BTO) exercise, with many units in prime and desirable locations. She adds that the attractive features of these flats, such as scenic views and proximity to MRT stations, redirected demand away from the resale market towards the BTO market.

Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for international investors. Fortunately, purchasing a condo is comparatively straightforward for foreigners, as opposed to landed properties, which have more stringent ownership regulations. However, foreign buyers must pay the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property purchase. Despite this additional expense, the Singapore real estate market’s reliability and potential for growth continue to draw foreign investment. To take advantage of these opportunities, investors can consider purchasing a condo in Singapore.

The holiday season may have also contributed to the decline in sales as many Singaporeans tend to travel abroad during this time. Consequently, house viewings and sales activities typically decrease during this period.

However, Wong Siew Ying, head of research and content at PropNex, attributes the slower pace of growth in the fourth quarter of 2024 to government intervention in August that year. As the loan-to-value (LTV) limit for HDB loans was reduced by five percentage points to 75%, Wong believes that the measures are likely to be affecting the market. She also notes that the lower resale volume during this period may have affected price growth.

The total resale volume in 2024 was 28,876 units, 8% higher than the 26,735 units recorded in 2023 and 27,896 units in 2022. However, it is still lower than the peak of 31,017 units in 2021.

The decline in resale transactions also led to a decrease in million-dollar flat transactions in the fourth quarter of 2024, with only 283 units transacted compared to 331 units in the third quarter of the same year. Despite the drop, the total number of million-dollar transactions reached a record high of 1,033 units in 2024, according to OrangeTee.

Toa Payoh town recorded the highest number of million-dollar resale flat transactions in the fourth quarter of 2024, with 58 units. 20 of these units were four- and five-room flats at Alkaff Vista in Bidadari Park Drive, which had recently crossed the five-year minimum occupation period (MOP). Eugene Lim, key executive officer of ERA Singapore, believes that the new Plus and Prime classification of BTO flats may have influenced buyers to turn to HDB resale homes in central locations. He adds that these buyers are not willing to compromise on the resale restrictions, such as a 10-year MOP, rental restrictions after MOP, subsidy clawback upon resale, and a resale income cap for future buyers.

Sun forecasts that HDB resale prices will continue to rise in 2025, although at a slower rate compared to previous years. She also adds that prices have already reached new highs in many areas, causing concerns about affordability for potential buyers. Furthermore, the ongoing supply of BTO flats may help moderate price growth in the secondary market, although the extent of price stabilization will depend on the number of BTO flats released in the coming years.

In February 2025, HDB will launch its largest sale of balance flats (SBF) exercise, offering more than 5,500 flats across various towns, according to Lee Sze Teck, senior director of data analytics at Huttons Asia. He suggests that some prospective resale flat buyers may choose to wait and try their luck. He also foresees that interest rates may lower in 2025, allowing buyers to take on larger loans to purchase new homes. As a result, buyers may consider executive condominiums (EC) or resale condominiums. The million-dollar flat market may stabilize between 900 and 1,200 units in 2025, according to Lee.

Lim expects resale prices to grow at a more measured pace in 2025, with a reduced supply of flats reaching MOP, which has been a key driver of price growth in recent years. He foresees a growth of 3% to 6% in HDB resale prices, with 26,000 to 27,000 units transacted by the end of 2025. Meanwhile, Wong believes that the HDB resale market will perform well in 2025, supported by healthy housing demand and a smaller supply of flats reaching MOP. She also predicts a growth of 5% to 7% in resale prices and a resale volume of 29,000 to 30,000 units.

According to Lee, the supply of BTO flats in 2025 will be further reduced to 17,290 units, about 12% lower than the supply in 2024. As there is no upfront information on the BTO projects with shorter waiting times, buyers may turn to the resale market, he says. He forecasts that HDB resale flat transactions will end the year at 26,000 to 28,000, with a slower price growth of 5% to 8%.…

The upcoming Bagnall Haus by Roxy-Pacific Holdings will be unveiled to the public on Saturday, January 4th. This freehold development, situated along Upper East Coast Road, is a redevelopment of the previous Bagnall Court which was acquired by Roxy-Pacific for $115.28 million in February 2023. The price paid equates to a land rate of $1,106 per square foot per plot ratio (psf ppr).

Consisting of 113 apartments and two shop units, the new development is a low-rise, five-storey block. The units range from one-bedroom plus flexi, starting at 495 square feet, to five-bedroom apartments of 1,528 square feet. Prices will begin from $1.235 million ($2,495 psf) for a one-bedroom plus flexi. According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the average indicative price for the development will be around $2,450 psf. The launch date will be announced after the weekend preview.

Property seekers can search for the latest new launches to view the available units and transaction prices. Bagnall Haus is ideally located within a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines, anticipated to be completed by 2028. It is also just a five-minute walk to the Upper East Coast Bus Terminal.

Teo explains that Bagnall Haus is strategically situated across the road from a future commercial and residential mixed-use development site in the upcoming Bayshore precinct. This means residents will be able to enjoy the upcoming amenities in the area. The most recent private condo launch in the Upper East Coast neighbourhood of District 16 was the 75-unit, freehold boutique apartment project, Eastwood Regency, by Fragrance Group. It was launched in January 2010 and completed the same year. The adjacent 160-unit, freehold Country Park Condo by UOL Group was launched for sale in 1999 and completed in 2003. Another neighbouring development, the 99-year leasehold mixed-use Eastwood Centre with 48 residential units, was launched in 1996 by Ho Bee Land and completed in 1998.

There are plenty of amenities in the immediate vicinity including the upcoming Bedok Food Court and the nearby Eastwood Centre which has a Cold Storage supermarket, a medical clinic, a dentist, a nail and beauty spa, and a pet shop. There are also various schools nearby such as Temasek Primary and Temasek Secondary School, Bedok Green Primary School, and Anglican High School.

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Investing in a condo offers numerous advantages, one of which is the opportunity to leverage the property’s value for future investments. Many individuals utilize their condos as collateral to secure additional funding for new ventures, allowing them to expand their real estate portfolio. This approach can significantly increase returns, but it also comes with potential risks. Therefore, it is essential to have a solid financial plan and carefully consider the impact of market fluctuations. With the help of Condo investments, individuals can broaden their investment opportunities and potentially achieve greater success.

Interested buyers can check out the latest listings for Bagnall Haus properties and ask Buddy for any additional information. They can also explore other recently launched projects, view condo sale transactions in District 16, compare price trends of HDBs, Condos, and Landed properties, and find out the total number of units available in Bagnall Haus.…

City Developments Limited (CDL), Frasers Property and Sekisui House will be giving a sneak-peek of their latest project, The Orie, on Friday, Jan 3, with the official launch taking place on Jan 18. The 777-unit private condominium is situated at the intersection of Lorong 1 Toa Payoh and Lorong 4 Toa Payoh. The two tall 40-storey towers houses various one-bedroom plus study units starting from 517 square feet to five-bedroom apartments of 1,453 square feet. Unit prices are as follows: S$1.28 million (S$2,476 per square foot) for a 517 square feet one-bedroom plus study, S$1.48 million (S$2,500 per square foot) for a 592 square feet two-bedroom, S$2.09 million (S$2,459 per square foot) for an 850 square feet three-bedroom, S$2.92 million (S$2,401 per square foot) for a 1,216 square feet four-bedroom and S$3.48 million (S$2,395 per square foot) for a 1,453 square feet five-bedroom with an exclusive private lift. Interested buyers can search for the latest available units and transaction prices by visiting New Launches. This marks the first new launch of a private condominium since 2016, when Gem Residences, with 578 units, was launched and subsequently completed in 2020. The three major property developers who have come together for this project submitted the highest bid for a Government Land Sales (GLS) site at Lorong 1 Toa Payoh. The joint bid amounted to $968 million, which means the land rate stands at $1,360 per square foot per plot ratio (ppr) for the site. The venture is evenly divided between City Developments Limited, Frasers Property and Sekisui House. “We are excited to launch our first private residential project in the Toa Payoh area in over eight years, and we are delighted to welcome the new year with The Orie,” said Sherman Kwek, group CEO of CDL. He added, “Situated in the bustling and highly sought-after Toa Payoh district, residents will enjoy a central location and excellent connectivity.” For commuters, The Orie is located a five-minute stroll from the Braddell MRT Station situated along the North-South Line (NSL). It is also located close to the Toa Payoh Integrated Transport Hub that links the Toa Payoh Bus Interchange to the Toa Payoh MRT station. The integrated development, spanning over an area of 12 hectares, is estimated to be completed by 2030. It is set to house an interesting array of facilities, including an indoor sports hall, various sports amenities and large swimming pools, a football stadium, a public library and a polyclinic amongst other things. The Orie is located within close proximity to several amenities in the neighbourhood, such as the Toa Payoh Town Centre, the HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and the MacRitchie Reservoir. Families with young children can choose from a range of primary schools including Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools and First Toa Payoh Primary School. Medical facilities in the area include Tan Tock Seng Hospital, Toa Payoh Polyclinic, Mount Elizabeth Novena Hospital, Mount Alvernia Hospital and the Thomson Medical Centre. The Orie is situated in District 12 in the Rest of Central Region (RCR), providing easy access to Orchard Road shopping belt and the Central Business District, Su Lin Soon, CEO of Frasers Property Singapore. The energy-efficient property boasts more than 40 condominium facilities, well-structured layouts, quality fittings by Hansgrohe, bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung. Takehisa Yanagi, managing officer and head of international development department for Sekisui House, described The Orie as the first of a new partnership with CDL. However, he mentioned that Sekisui House and Frasers Property had worked on projects together in Singapore for 13 years. The latest transactions at Gem Residences include the 578-unit property situated at Lorong 5 Toa Payoh, which was launched in 2016 and completed in the year 2020. You can check out the latest listings for The Orie by visiting Ask Buddy. Moreover, you can also compare the price trend of resale condos against new sale condos, by checking out the latest listings for recently launched projects, projects that have obtained TOP recently and Condo listings in District 12.

Singapore has emerged as a top destination for investors looking to purchase a condo, whether they are local or from overseas. With its strong economy, stable political climate, and exceptional quality of life, the city-state presents a promising real estate market with a variety of lucrative opportunities. Among these, condos have gained immense popularity for their convenience, modern amenities, and potential for high returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore, including exploring current Singapore projects.…

When it comes to investing in condos in Singapore, another important factor to consider is the government’s property cooling measures. In an effort to promote a stable real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. 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 affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a secure investment environment. In addition, keeping an eye on Singapore Projects can also help in making an informed decision about condo investments in the country.

Starting from January 1, ERA Singapore has announced that it will no longer cover the annual Council for Estate Agencies (CEA) license renewal fees for its real estate agents, a practice that has been in place for the past seven years. This decision comes as the company looks to focus its resources on initiatives that will benefit its agents and clients.

The gesture of covering license renewal fees was a longstanding goodwill practice by ERA, even during the COVID-19 pandemic. However, the company believes that reallocating these resources towards initiatives such as technology, training, and marketing will enhance the growth and success of its market-leading salesforce.

While ERA will no longer cover the renewal fees for its agents, it will continue to support new agents by covering their renewal fees for the first two years. This is a common industry practice that helps newcomers establish themselves in the market. This decision also addresses the issue of inactive agents switching between agencies solely for the sake of taking advantage of the fee coverage.

As a result of this decision, there has been a slight reduction of around 300 agents, mostly inactive or part-time salespersons with no transactions in the past year. However, ERA has also attracted around 230 new professional agents who joined the agency on January 1, showcasing its continued appeal to active and aspiring real estate agents.

According to ERA Singapore’s CEO, Marcus Chu, the CEA is currently reviewing the need to implement a minimum transaction requirement for real estate salespersons, highlighting the importance of active participation and continuous professional development in the industry. He adds that by reallocating resources towards technology, training, and marketing, ERA reaffirms its commitment to empowering its core team of dedicated salespersons to achieve excellence and provide exceptional value to clients.…