Que Neo, a prominent businessman and boutique property developer from Singapore, has a strong vision for his latest residential projects – he wants to develop properties that he would personally choose to live in. Euro Properties, his company, is currently working on a new project called K Suites, which will be a 19-unit apartment block located along Lorong K Telok Kurau in the highly sought-after District 15 area. The project, which is being developed by subsidiary company EG Properties, is expected to obtain its temporary occupation permit (TOP) in the first quarter of 2025.

The main attraction of K Suites is its prime location, offering easy access to amenities such as the beach, East Coast Park, shopping malls, the Central Business District (CBD), and Changi Airport. Neo explains, “With the East Coast Parkway and Pan-Island Expressway, it takes just 10 minutes to reach the airport and 10 minutes to get to downtown.”

The project is also conveniently close to public transportation options, with the nearest bus stop being less than 50m away. From there, residents can take a short ride to two nearby MRT stations – Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL). Eunos Station is just one stop away from the Paya Lebar Interchange, which connects to the EWL and Circle Line, and five stops from the Bugis Interchange, which connects to the EWL and Downtown Line. Meanwhile, Marine Parade Station is just five stops away from the Marina Bay Interchange, where residents can access the TEL, North-South Line, and Circle Line, and six stops from Shenton Way in the CBD. The TEL also offers direct train access to popular destinations like Orchard Road and Woodlands North, which is also the location of the upcoming Rapid Transit System (RTS) Station that will connect Singapore to the Bukit Chagar Station in Johor Bahru.

In terms of education, K Suites is located within 1km of popular primary schools such as Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary. It is also close to prestigious secondary schools like Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School. For young families with children, the project is just two doors away from PCF Sparkletots @ Joo Chiat, a popular preschool.

The apartments at K Suites have been thoughtfully planned and designed by JGP Architecture. The building boasts a sleek and contemporary facade thanks to its curtain wall system, which also allows for plenty of natural light and unobstructed views of the surrounding neighborhood. The units feature regular layouts with ceiling heights ranging from 3.5m to 4.5m. The duplex penthouses, on the other hand, have a lofty 7m ceiling height. According to Neo, “The apartments have no bay windows or wasted corridors, resulting in more spacious and efficient interiors.”

The units are also outfitted with top-of-the-line German brand fittings such as Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings. Residents can also enjoy a variety of facilities, including a swimming pool, Jacuzzi, BBQ pit, lounge area, gym, outdoor fitness area, and playground.

K Suites also offers a grand arrival and drop-off area and a surface car park with space for 16 cars. There are also two electric vehicle charging stations available.

Since its preview in September 2022, the first phase of 10 units has already been sold, with the majority of buyers being Singaporeans, including professionals such as doctors, lawyers, and corporate executives. The remaining units in the development are now being released for sale. These include three-bedroom apartments starting from $2.058 million ($2,582 psf) and four-bedroom units starting from $2.525 million ($2,347 psf). The sole five-bedroom penthouse is tagged at $3.5 million ($2,154 psf). According to Neo, “K Suites is the most affordable new freehold project in District 15.”

Boutique developments, like K Suites, have been gaining popularity in District 15, especially since the onset of the pandemic. These smaller, exclusive developments offer a sense of tranquility and exclusivity that appeals to some buyers. An analysis by Huttons Data Analytics showed that prices in selected boutique developments in the area have appreciated by over 100% since their launch. Additionally, rental prices in the area have also seen a significant increase, with some boutique condos in Telok Kurau and Joo Chiat, such as the 127-unit Coralis, seeing a 76.5% increase in median rents over the past five years.

District 15 has always been a favorite among expatriate tenants due to its convenient location and lifestyle offerings, including the nearby East Coast Park, beach, and numerous F&B options. K Suites is also expected to attract investors, with its prime location and potential for rental returns.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. Condos, strategically located in sought-after areas, offer the perfect combination of opulence and convenience, making them highly desirable for both locals and foreigners. These modern residences come equipped with a variety of facilities, including swimming pools, fitness centers, and round-the-clock security, elevating the overall living experience and making them an attractive option for potential renters and buyers. From an investor’s perspective, these amenities result in higher rental returns and a steady increase in property values over time.…

In summary, purchasing a Singapore condo offers a multitude of benefits, such as strong demand, potential for increased value, and attractive rental returns. However, it is crucial to carefully consider various factors, including the location, financing options, government regulations, and market conditions. With thorough research and guidance from professionals, individuals can confidently make informed decisions and maximize their profits in the ever-changing real estate market of Singapore. Whether you are a local investor looking to diversify your investments or a foreign buyer seeking a stable and lucrative opportunity, a Singapore condo presents a highly attractive option.

eRoad damage repaired Blocked drains cleared and road cleanup underway AdvertisementThe private housing rental market saw a modest rebound in the fourth quarter of 2024, with rents inching up 0.2% quarter-on-quarter (q-o-q) in the last three months of the year, according to a market report by Savills Singapore. However, landlords should not expect much rental growth this year as the market is likely to remain flat.The non-landed private residential market had a relatively poor performance in the first three quarters of 2024, which led to a 1.7% decline in rents for the whole year, marking the first full-year drop since the market recorded a 0.5% year-on-year (y-o-y) decline in 2020. In the last quarter of 2024, there were 19,733 leasing transactions, marking a 24.2% drop from the previous quarter.According to Savills, the decline in leasing activity is likely due to a decrease in net new rental demand as well as a seasonal lull in rental activity at the end of the year. The decrease in the number of employment pass (EP) and S pass holders in 2024 could also have contributed to the lower demand for rentals.Additionally, the bulk of the decline in leasing activity was attributed to a 30.8% decline in rental contracts for landed homes across the island. Leasing volumes for apartments and condominiums also saw a 23.7% decrease over the same period.Despite the decrease in leasing activity, there is still some growth in rental demand, according to George Tan, managing director of Livethere Residential at Savills Singapore. He also notes that rents in the private residential market have stabilized. Additionally, more affordable rents can be found in suburban areas, which allows tenants to prioritize lifestyle options such as larger units, proximity to MRT stations, malls, and recreational activities.According to rental data compiled by Savills, the development with the most condo leasing deals in the fourth quarter of 2024 was Parc Esta, a 1,399-unit development in District 14. The project recorded 163 rental transactions at a median rent of $6.84 psf per month (pm). Other developments with high rental transactions include Marina One Residences (126 transactions at $6.62 psf pm), The Sail @ Marina Bay (126 transactions at $6.72 psf pm), Normanton Park (120 transactions at $6.26 psf pm), and D’Leedon (107 transactions at $5.43 psf pm).In terms of rental price growth, the Outside Central Region (OCR) was the only region in the fourth quarter of 2024 that saw average rents decline, with a 0.8% decrease q-o-q. In contrast, rents in the Core Central Region (CCR) and Rest of Central Region (RCR) saw growth of 0.9% q-o-q and 0.3% q-o-q, respectively. According to Savills, the decline in rent prices in the OCR could be due to an increased number of tenants in suburban locations shifting to more central neighborhoods, driven by relatively more affordable rents.Based on a basket of luxury properties tracked by Savills, the average monthly rent for high-end condos increased by 1.7% q-o-q in the fourth quarter of 2024, reaching $5.85 psf pm. This suggests that the luxury rental market could see a slight rebound after consistently declining over the previous five quarters.Looking ahead, landlords are likely to face headwinds in the rental market as companies continue to reduce headcounts and hire fewer expatriates, says Alan Cheong, executive director of research and consultancy at Savills Singapore. Additionally, landlords face higher property taxes for non-owner-occupied residential properties, as well as increased conservancy charges due to upward inflationary pressures.However, the relatively limited supply of large luxury properties on the rental market may help landlords resist “underpriced” rental offers, according to Cheong. He adds that “Although rents for non-landed private residential properties turned the corner in the third quarter of 2024 and continued rising in the fourth quarter of 2024, we anticipate challenges in the rental market in 2025.”In the future, the widespread adoption of AI could reduce overall manpower requirements for some high-tech firms, and companies may continue to reduce hiring of white-collar professionals. This could lead to a smaller pool of expat tenants in Singapore, says Cheong. “The saving grace for the rental market is that for 2025, there are fewer new completions of private homes expected,” he says. Higher property taxes on investment properties will also discourage landlords from accepting “low ball” rental rates. Additionally, Cheong expects that it may take longer for interest rates to fall, which could result in mortgage payments remaining at current levels for longer.…

CBRE is the appointed marketing agent for the sale of the 27-room Hotel Clover at 7 Hongkong Street and a commercial building at 36 Hongkong Street, with respective guide prices of $27 million and $22.6 million. Both properties offer an excellent opportunity for investors looking to enter the CBD market. The boutique hotel, sitting on a 1,701 sq ft plot with a plot ratio of 4.2, is zoned for commercial use and has a remaining land tenure of 89 years. It features six storeys and a total floor area of 7,142 sq ft, with a corresponding price of $3,780 psf. The adjacent five-storey commercial building is also listed for sale, with a guide price of $22.6 million. It sits on a plot measuring 1,733 sq ft and has a similar plot ratio of 4.2, as well as a remaining land tenure of 93 years. The total floor area of this property is 7,279 sq ft, translating to a price of $3,105 psf. Fully occupied by a bridal shop and offices, this building is an attractive investment opportunity. The CBD location of both assets, combined with their appealing remaining land tenures and plot ratios, make them suitable for those seeking a flagship asset with naming rights and potential for rental growth and capital appreciation. Eligible for purchase by foreigners and companies without incurring ABSD or SSD, these properties are situated in the vibrant Clarke Quay area, home to a variety of eateries, bars, boutique hotels, and fitness studios. Major nearby developments, including CQ@Clarke Quay and Canninghill Piers, further enhance the appeal of the location. Prospective buyers can submit their interest by March 26. For more information on commercial and industrial properties, visit our website or speak to our experts at CBRE.

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Investing in a condominium in Singapore offers various benefits, one of which is the potential for capital appreciation. This Southeast Asian country is known as a global business hub and boasts a robust economy, making it a desirable location for real estate investment. The demand for properties in Singapore remains consistently high, driving property prices upwards. This trend has been evident over the years, particularly in prime locations where condominiums have experienced significant appreciation. By carefully timing their investments and holding onto their properties for extended periods, investors can reap the rewards of substantial capital gains. Keep track of New Condo Launches to stay updated on the latest opportunities in the market.…

When contemplating an investment in a condo, it is essential to also examine its potential rental yield. Rental yield refers to the yearly rental income as a percentage of the condo’s purchase price. In Singapore, the rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Typically, areas with high rental demand, like those near business districts or educational institutions, offer more favorable rental yields. To gain valuable insights into the rental potential of a specific condo, it is advisable to conduct thorough market research and seek guidance from real estate agents.

Experts Discuss the Outlook for Singapore’s Property Market – What You Need to Know

The recent announcement by the government that they are considering implementing more property cooling measures, along with the influx of upcoming housing supply from government land sale (GLS) sites and Build-To-Order (BTO) launches, as well as potential impacts from the Budget 2025 announcements, have sparked discussions about the future of Singapore’s real estate market. On Sunday, February 16, these were some of the main topics discussed at EdgeProp Singapore’s Property Market Outlook event.

The panel of experts included Alan Cheong, executive director of research and consultancy at Savills Singapore; Wong Xian Yang, head of research, Singapore and Southeast Asia at Cushman & Wakefield; and Song Seng Wun, Singapore economic advisor at CGS International. The panel was moderated by EdgeProp Singapore CEO Bernard Tong.

The event, organized by EdgeProp Singapore, took place at the preview of Elta, a new 501-unit project jointly developed by MCL Land and CSC Land Group. The sales gallery opened to the public on February 7.

New Property Cooling Measures and Upcoming Supply

In January, the government stated that they were open to implementing more property cooling measures and that it was not yet time to rollback on existing measures. This news comes as developers have seen a jump of 256% in year-on-year sales, with 1,083 new private residential units (excluding executive condos) sold last month.

According to Cheong, if new cooling measures are introduced, they are likely to be applied uniformly across the residential market. The panel also discussed the possibility of measures targeting the HDB resale market, which forms the “floor” of Singapore’s housing market. Wong pointed out that a surge in prices in the HDB resale market could put upward pressure on private housing prices, making it a potential target for cooling measures.

On the other hand, Tong highlighted the government’s plans to inject a strong supply of new housing through GLS and BTO, with the 1H2025 GLS program consisting of 10 Confirmed List sites that could yield 5,000 new homes, and HDB planning to offer 19,600 BTO flats in 2025.

Under the new BTO classification, newly launched Prime and Plus BTO flats will take about 14 years to enter the resale market, so their impact on prices will not be felt for some time, according to Cheong. Wong added that price trends in the resale market are more affected by project completions and HDB estates reaching their minimum occupation period (MOP) rather than the pipeline of GLS sites up for tender each year. “Project completions, rather than GLS supply, are more likely to affect prices,” he said.

Despite the potential for new cooling measures, all three experts noted that the recent successes in the new launch market show strong buyer confidence for projects launching this year. Elta saw about 4,500 visitors during its first three days of being open to the public, and other new launches this year, such as The Orie and Bagnall Haus, have experienced high selling rates of 86% and 63% respectively.

Budget 2025 and Its Potential Impact on the Property Market

The panel also discussed the potential impacts of the upcoming Budget 2025 announcements on the property market this year. According to Song, Singapore has seen a relatively strong economic recovery since the recession caused by the Covid-19 pandemic. With 2025 being an election year, he believes that Singaporeans can expect more handouts funded by government surpluses.

Questions from the Audience

During the Q&A session, some participants raised concerns about the current state of the residential property market, with some questioning whether it is in a “euphoric” phase. Cheong commented that the current exuberance in the market is likely to subside as developers carefully time the launch of new projects. He added that several upcoming projects are located in areas that have not seen a new launch in many years, leading to pent-up demand.

Rental Market and Upcoming Transformation Plans

The panel also took questions about the rental market, which has slowed since its peak two years ago. Cheong noted that while the total number of expatriates in Singapore has declined, there was an uptick in the volume of rental transactions in 2024. He explained that falling rents may have encouraged some renters to find their own accommodation instead of flat-sharing. However, this was offset by job layoffs in certain industries, which may moderate rental price growth this year.

During the Master Plan Master Class session, Tong covered upcoming transformation plans in Clementi and Jurong East. He noted that the completion of the second phase of the Cross Island Line (CRL) will add a new MRT station (West Coast) and turn the existing Clementi station into an interchange. “Historically, MRT interchanges have a positive impact on surrounding property prices,” Tong said.

Transformation plans in Clementi include the redevelopment of Clementi Stadium and the installation of more than 6.6km of cycling paths throughout the area. Demand for housing in Clementi is also expected to benefit from the progressive development of the Jurong Lake District and the creation of new jobs in the nearby Tuas megaport, Tuas Biomedical Park, Jurong Island, and Jurong Innovation District.

Data compiled by EdgeProp Singapore shows that the average age of existing condos in Clementi is around 17 years. Tong observed that recent new projects in the area have seen strong capital gains over the years, such as Elta’s neighboring project Clavon (24% increase since launch) and The Clement Canopy (43% price growth since launch). EdgeProp Singapore offers a suite of property tools that can help owners, buyers, and sellers understand market and price trends, including HDB resale prices, analytics of profitable transactions, and upcoming GLS sites.

In summary, the experts at EdgeProp Singapore’s Property Market Outlook event believe that new cooling measures, incoming housing supply, and potential impacts from the upcoming Budget 2025 announcements could affect the property market this year. However, strong demand for new launches and upcoming transformation plans suggest a positive outlook for the market.…

The Collective, a prestigious brand under local flexible workspace operator JustCo, has recently launched its first flagship co-working space in Tokyo, as stated in a press release on Feb 19.

Located in GranTokyo South Tower, a 42-storey high-rise in the Marunouchi district of Chiyoda City, the co-working space spans 24,000 sq ft. The building is conveniently situated next to Tokyo Station, providing easy access to both Narita and Haneda airports.

Inspired by the iconic Tokyo Station, The Collective boasts of an elegant and welcoming atmosphere, reminiscent of a luxurious voyage, according to the group. Along with a hot desk area and meeting rooms, the space offers private suites with round-the-clock security and larger enterprise suites with personalized entrance features and tailored workspace designs. Every workspace comes equipped with high quality Herman Miller Aeron chairs and Benel adjustable desks.

Singapore’s cityscape is defined by towering skyscrapers and state-of-the-art infrastructure. Condominiums, strategically situated in prestigious neighborhoods, offer a harmonious combination of opulence and practicality that entices locals and foreigners alike. These residential developments boast a plethora of facilities, such as swimming pools, fitness centers, and round-the-clock security, that elevate the standard of living, making them a sought-after option for potential renters and buyers. From an investor’s perspective, these amenities result in higher returns on investment and a steady appreciation of property value over the years. With Condo units in Singapore, the perfect blend of luxury and convenience is within reach.

Other features of The Collective include a TWG Tea Bar, where members can enjoy refreshments throughout the day, and a “wellness sanctuary” for relaxation in between work sessions. Overall, the space strives to provide a well-rounded and comfortable working experience for its members.…

CT Pemimpin, a B1 industrial factory situated on freehold land at 43 Jalan Pemimpin in the Central Region, is the newest development project launched by Chiu Teng Group. This reputable group has established a niche in developing high-quality commercial and industrial spaces in Singapore.

With its prime location in District 20, CT Pemimpin is an ideal choice for companies in search of a site with excellent accessibility or property investors seeking a rare opportunity for a permanent investment option.

The nine-storey, partially ramp-up factory features sustainable elements, including two rooftop pavilions for outdoor gatherings, rooftop solar panels, two passenger lifts, and a service lift. It consists of 56 strata-titled units, three canteen units, and floor heights ranging from 5.6m to 7.35m. Selected units also come with mezzanine floors on levels one and five. Each unit is equipped with its own toilet for convenience and privacy.

CT Pemimpin also offers a generous one-to-one car park ratio with 59 parking lots, including two electric vehicle lots. There are also two loading and unloading bays, as well as a lorry park for rigid-frame vehicles.

According to Marcus Chu, CEO of ERA Singapore, CT Pemimpin will attract both investors and end-users. As there is no Additional Buyer’s Stamp Duty (ABSD) payable for industrial properties, this development provides a great opportunity for risk diversification. Business owners, in particular, are drawn to the freehold status of this development as it offers a rare opportunity to purchase their own space instead of renting.

Ken Low, managing partner of SRI, notes that CT Pemimpin stands out from traditional B1 industrial buildings due to its sleek modern facade and central location. The development is just a short walk to Marymount MRT station and Bishan sub-regional centre, making it an attractive option for young entrepreneurs and their employees. The last freehold industrial launch in this area was more than 10 years ago, with Mapex proving to be highly profitable and in demand for rentals.

As a freehold development, CT Pemimpin is a rare find in today’s market, where most industrial properties have a lease of either 30 or 60 years. This feature will appeal to savvy investors looking for valuable assets with long-term potential, including family offices and companies in the information and communications media industry.

Compared to residential properties, commercial and industrial properties are not subject to ABSD, making them more appealing to both local and foreign investors.

CT Pemimpin’s exceptional location offers seamless accessibility and connectivity to all parts of Singapore, via both public and private transport. The industrial estate is just a five-minute walk from Marymount MRT station (on the Circle line), and a short drive from Upper Thomson MRT station (Thomson-East Coast line) and Bishan MRT station (North-South line). Major expressways such as PIE and CTE are also easily accessible. The completion of the North-South Corridor in phases from 2027 will further improve travel time from the north to the city, with dedicated bus and cycling lanes.

Singapore’s urban scenery showcases towering skyscrapers and state-of-the-art infrastructure. The city’s premium locations boast a mix of lavish and accessible condominiums that are highly sought after by both locals and foreigners. These well-equipped properties offer a range of top-notch facilities, including swimming pools, fitness centers, and round-the-clock security services, elevating the overall living experience and making them a desirable option for potential renters and buyers. Moreover, these condos are a profitable investment as they yield higher rental returns and appreciate in value over time. For those interested in the latest condo developments, new condo launches can be a great option to explore.

The development is also surrounded by vibrant townships such as Bishan, Upper Thomson, and Ang Mo Kio, offering residents a plethora of retail and dining options at popular shopping malls like Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. Parents will also find convenience in the proximity to reputable schools such as Raffles Institution, Catholic High School, and Eunoia Junior College.

Since its establishment in 1999, Chiu Teng Group has gained a solid reputation as a trusted property developer and builder, particularly in the industrial and commercial sectors. Its impressive portfolio includes well-received projects like CT FoodNEX (located in Mandai), CT Foodchain (in Pandan Loop), Tagore8 (in Upper Thomson), CT Hub & CT Hub 2 (in Kallang), and The Creek@Bukit in Bukit Timah.

The preview of CT Pemimpin will start on February 21, 2025. Don’t miss your chance to secure a rare freehold industrial space! Call 8100 8017 or visit Chiu Teng Group to arrange a viewing today.…

Lentor Central Residences, a new residential development comprising of 477 units, will be open for viewing on Feb 21, with sales expected to begin on March 8. Located in the well-established estate of Lentor Hills, this project is the sixth launch in the area and is a joint venture between Hong Leong Holdings, GuocoLand and CSC Land.

Comprising of two high-rise blocks, one 27-storey and one 28-storey, Lentor Central Residences offers a range of one- to four-bedroom units with sizes varying from 463 sq ft to 1,399 sq ft. For more information on available units and prices, please refer to the advertisement below.

According to the developers, the price for a one-bedroom unit will start at $975,000 ($2,110 psf), while a two-bedroom unit will be priced at $1.38 million ($2,050 psf). Three-bedroom units will start at $1.81 million ($1,984 psf) and four-bedroom units will be priced at $2.37 million ($2,000 psf).

One of the main selling points of this development is its convenient location, situated near the upcoming Lentor MRT station which will be part of the Thomson-East Coast Line. This will provide easy access for residents to travel to the city centre. In addition, the development is also close to various shopping and dining options such as Lentor Modern, Thomson Plaza and eateries along Upper Thomson Road and Springleaf Estate.

Hong Leong Holdings’ head of sales and marketing, Betsy Chng, believes that Lentor Hills is an up and coming district that will attract many homebuyers. She states that the development offers premium homes at affordable prices, with units being sold based on liveable space rather than just the number of rooms.

The location of a condominium is a crucial factor to consider when making real estate investments, especially in Singapore. Proximity to important amenities such as schools, shopping centers, and public transportation can greatly impact the appreciation value of a property. Prime areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have a proven track record of consistent growth in property values. These locations are highly desirable, particularly for families, due to their convenient access to reputable schools and educational institutions. Therefore, investing in a condo in a prime location, such as those mentioned, can greatly benefit you in the long term. To maximize your potential returns, it is essential to carefully consider the location of your condo and opt for one in a highly sought after area such as these. Consider adding a condo from Condo to your investment portfolio.

Residents of Lentor Central Residences will also have access to family-friendly amenities such as a childcare centre and children’s playground. The development also features a resident’s clubhouse, a 50m infinity edge swimming pool, a gym and yoga room, and a tennis court.

The sales gallery is located on Lentor Hills Road. Interested buyers can check out the latest listings for Lentor Central Residences properties on Ask Buddy.…

SINGAPORE: Singapore Realtors Inc (SRI) has recently signed an agreement with Redbrick Mortgage Advisory to further enhance the skills and capabilities of its agents.

Under this collaboration, Redbrick will offer advanced training on mortgage strategies to assist SRI agents in providing clients with a better understanding of their financing options.

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The demand for condos in Singapore remains high, and a key factor driving this trend is the limited availability of land. As a small island nation with a rapidly expanding population, Singapore faces a shortage of land for development. This has resulted in strict land use regulations and a competitive real estate market, where property prices continue to rise steadily. As a result, investing in real estate, specifically condos, has become a lucrative opportunity with the potential for significant capital appreciation. In fact, with the abundance of new condo launches, the demand for condos is expected to remain strong in the years to come.

According to Redbrick CEO Eugene Huang, this partnership will enable SRI agents to become trusted advisors who can provide personalized financing solutions that will help clients make well-informed decisions.

Aside from training, Redbrick will also provide SRI agents with the latest mortgage rate information from a wide range of over 15 financial institutions. This data will be regularly updated to reflect changes in the market.

“With Redbrick’s expertise and real-time access to mortgage data, our SRI agents can now easily offer clients updated financing options in a timely and efficient manner,” says SRI CEO Thomas Tan.…

Frasers Property Singapore’s mixed-use development, Sky Eden@Bedok, has put its retail podium up for sale through an expression of interest (EOI) exercise. This 12-unit strata retail space, located on the ground floor, is available for a guide price of $45.2 million. The combined strata area of approximately 11,193 sq ft makes the guide price equivalent to $4,038 psf.

According to the marketing agent CBRE, the retail units can be sold as a portfolio, individually, or in clusters. The unit sizes range from 398 sq ft to 1,313 sq ft, with prices ranging from $1.91 million to $5.55 million. All of the units are approved for F&B use.

Singapore is a sought-after destination for condo investments, and one of the main factors driving this demand is the scarcity of land. As a compact island nation with a booming population, Singapore struggles with limited land availability for development. This has resulted in strict land use regulations and a highly competitive real estate market where property prices continue to rise. As a result, purchasing real estate, particularly condos, has become a profitable venture with the potential for significant capital appreciation. In fact, with the variety of impressive Singapore Projects available, it’s no wonder that condos are in such high demand.

Sky Eden@Bedok, situated in Bedok Central, is currently under construction and consists of 158 residential units spread across two 16-storey towers on a retail podium. It is conveniently located near the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange connected to Bedok Mall.

The development, which launched in September 2022, marked the first private residential launch in Bedok Town Centre in a decade. All units were sold out since then and the project is expected to obtain its temporary occupation permit in the fourth quarter of 2025.

CBRE’s Head of Capital Markets for Singapore, Michael Tay, stated that the strata retail units at Sky Eden@Bedok are the first private commercial properties available for sale in Bedok Town Centre. He added that due to the attractive price point, CBRE is confident that it will attract a wide range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers who are interested in entering the commercial space of a closely-knit residential enclave.

The EOI for the retail podium will close on April 3 at 3pm. You may visit the latest listings for Sky Eden@bedok properties and ask for assistance from Buddy. You can also view the floor plans for two-bedroom units at Sky Eden@bedok or check out the site plan and diagrammatic chart for the development. Additionally, you can find information on condo sale transactions in District 16, other projects that have recently obtained TOP, and the total number of units in Sky Eden@bedok.

In other property news, private home prices have increased by 3.8% in the third quarter of 2022, mainly driven by properties in the Outside Central Region (OCR). In August, developers sold 437 units in the absence of new project launches. Sky Eden@Bedok recorded a 75% sales rate on its launch day, with an average price of $2,100 psf.…

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. Condominiums, strategically situated in highly sought-after locations, offer a perfect combination of lavishness and convenience that appeals to both locals and foreigners. These upscale residences are equipped with a plethora of facilities, including swimming pools, fitness centers, and round-the-clock security services, elevating the standard of living and making them alluring to potential renters and buyers alike. Moreover, these features also translate into attractive rental yields and appreciation in property values over time, making them a wise investment choice. Also, be sure to check out the latest New Condo Launches for even more luxurious options.

, prices expected to be higher Risk of losing money with stocks NewsletterFebruary 16th saw the Housing and Development Board (HDB) announce that over $407 million will be allocated for the Home Improvement Programme (HIP) in the latest round. This will benefit over 29,000 HDB flats, located in familiar estates such as Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh and Woodlands. The announcement was made by HDB in a press release, highlighting that Hip has successfully selected 494,000 flats for this programme since its introduction in 2007. It is also mentioned that 381,000 flats have been upgraded in total.Desmond Lee, the Minister for National Development, has expressed that the government has shown great commitment towards this programme. The purpose of HIP is to help flat owners deal with common wear and tear issues that are often faced by older flats. Therefore, since its introduction in 2007, 9 out of 10 eligible flats have been selected for the programme.The government will bear the costs for essential improvements such as repairs for spalling concrete and ceiling leakages. These improvements are vital to ensure the basic safety needs of residents, and they are fully funded by the government for Singapore citizen households. Optional improvements, on the other hand, are also available to flat owners. These include upgrades to existing bathrooms and toilets, a new entrance door and grille gate, and a new refuse chute hopper. The government will provide subsidies for these optional improvements, and Singapore citizen households are only required to pay as low as 5% of the costs, depending on the flat type.Additionally, the Enhancement for Active Seniors (Ease) programme has been incorporated into HIP since 2012. Under this programme, flat owners have the option to install senior-friendly fittings such as grab bars, ramps, and slip-resistant treatment to toilet and bathroom tiles. The government will cover up to 95% of the costs for these improvements for Singapore citizen households.Overall, HDB has revealed that it has allocated around $4 billion for the HIP and approximately $150 million for Ease since their launch. This highlights the government’s commitment towards ensuring the safety and comfort of HDB residents. For those interested in HDB properties, there are various resources available such as past HDB sale transactions, past HDB rental transactions, and information on HDB loan rates. It is also useful to compare the price trends of HDB vs Condo vs Landed properties. For more information and resources, you can always check out Ask Buddy – your one-stop platform for all things HDB.…