Month: January 2025

Turquoise, a prestigious waterfront condo at Sentosa Cove, is currently offering three luxurious duplex penthouses for sale. Priced at $23 million, these penthouses are equipped with top-of-the-line amenities and offer stunning views of the waterway. The largest of the three penthouses boasts a spacious living area, five en suite bedrooms, a private infinity pool, and an outdoor shower, all spread out over 7,987 square feet of living space. It is also the largest of the 10 penthouses within the 99-year leasehold development.

The second penthouse, priced at $5.99 million, offers four bedrooms and 3,746 square feet of space. It features an open-air terrace with a built-in jacuzzi and unobstructed views of Sandy Island and the southern waterfront of Sentosa. The third penthouse, with a guide price of $5 million, offers three bedrooms and spans 3,111 square feet. All three penthouses are located on the sixth floor and come with private lift lobbies, wet and dry kitchens, floor-to-ceiling windows, open balconies, and en suite bathrooms in each bedroom.

Turquoise, developed by Ho Bee Land, offers a range of amenities for residents, including a gym, barbeque pits, swimming pool, steam room, and private berths for boating enthusiasts. The project was completed in 2010 and has a total of 91 units spread out across three 6-storey blocks. The units primarily feature three and four bedrooms, with sizes ranging from 2,088 square feet to 3,764 square feet for penthouses and sky villas. The condo is popular among investors and expats looking for a holiday home.

According to List Sotheby’s International Realty senior associate VP, Michele Cabasug, most foreign buyers purchased units at Turquoise for investment and holiday home purposes when it was first launched. The largest penthouse is currently owned by the developer, while the second-largest was purchased by a Korean national in November 2007 for about $9.5 million ($2,545 psf). The third penthouse was bought by an African national for just over $8 million ($2,579 psf) in December 2007. The current owners are looking to divest their properties after holding them for almost 18 years.

Cabasug also notes a shift in buyer profile at Sentosa Cove, with more people looking to buy primary residences rather than holiday homes. When Turquoise was first launched, 59% of the new buyers were foreigners, while Singaporeans only made up 25.6% of the buyers. Since its completion, however, 57.4% of the resale transactions at Turquoise were by Singaporeans, followed by 32.3% by PRs.

When considering property ownership in Singapore, it is crucial for international investors to be familiar with the applicable regulations and limitations. Unlike landed properties, which have stricter ownership regulations, foreign buyers can generally purchase condos without much restriction. However, they are subject to the Additional Buyer’s Stamp Duty (ABSD), which is currently at 20% for their first property purchase. Despite the added expenses, the stable and promising growth of the Singapore real estate market continues to allure foreign investment. Stay updated with New Condo Launches to explore more investment opportunities.

Developer Ho Bee Land is known for its contributions to the development of Sentosa Cove, including projects such as Turquoise, The Berth by the Cove, The Coast, Seascape, and the Cape Royale. The company’s bungalows at Coral Island and Paradise Island are also located at Sentosa Cove.…

Freehold condominium The Botanic on Lloyd has set a new psf-price record for non-landed private developments between Jan 3 and Jan 11, with a 2,056 sq ft four-bedroom unit being sold for $5.13 million, or $2,493 psf. The new record price surpasses the former high of $2,339 psf by 6.6%.The Botanic on Lloyd, located along Lloyd Road off Oxley Road in Prime District 9, comprises 60 apartments and six townhouses. The three- and four-bedroom units range from 1,485 sq ft to 3,584 sq ft, while the three-storey townhouses measure between 4,058 sq ft and 4,446 sq ft. Completed in 2006, the boutique development has only seen an average of one transaction per year in the past decade.The Cape, located along Amber Road in District 15, also achieved a new psf-price record during the period in review. A 1,313 sq ft, three-bedroom unit on the 15th floor was sold for $3 million, or $2,284 psf, on Jan 10, surpassing the previous record of $2,265 psf reached in November 2012.Tembusu Grand, a 99-year leasehold project on Jalan Tembusu, off Tanjong Katong Road in prime District 15, recorded a new price floor of $2,174 psf on Jan 11. The new low was set by the sale of a 1,399 sq ft, three-bedroom unit on the 20th floor for $3.04 million. The previous record low of $2,193 psf was set just two months earlier, in November 2024. Launched in April 2023, the 638-unit Tembusu Grand has since sold 584 units (91.5%) at an average price of $2,444 psf.

Investing in real estate is a strategic decision, and in Singapore, location plays a crucial role in determining the success of your investment. It is a well-known fact that condos situated in central areas or in close proximity to important amenities, such as schools, shopping malls, and transportation hubs, tend to have a higher appreciation value. In Singapore, areas like Orchard Road, Marina Bay, and the Central Business District (CBD) are considered prime locations due to their consistent growth in property values. These areas are highly sought-after by investors, and for good reason. Families, in particular, are drawn to these locations due to the proximity to top-rated schools and educational institutions, making condos in these areas even more desirable and thus, increasing their investment potential. If you’re looking to invest in real estate in Singapore, be sure to explore projects in these prime locations, such as those listed on Singapore Projects.…

In the fourth quarter of 2024, HDB resale prices continued to rise, increasing by 2.6%. This marks the 19th consecutive quarter of price growth in the resale market according to data published by HDB on January 24th. The cumulative increase for the whole of 2024 was 9.7%. This yearly increase nearly doubled the 4.9% increase seen in 2023. The most recent quarter’s increase was slightly lower than the 2.7% increase seen in the third quarter of 2024. According to Mohan Sandrasegeran, head of research & data analytics at SRI, the strong growth in prices throughout 2024 can largely be attributed to the limited supply of flats that reached their Minimum Occupation Period (MOP) during the year. Sandrasegeran notes that this shortage of supply has put upward pressure on resale prices, especially for newer flats and larger flat types like five-room and executive units, which cater to growing family needs. The five-room flats saw the highest price growth in the fourth quarter of 2024, increasing by 2.2% to an average price of $754,097. Meanwhile, four-room flats saw a 2.2% increase as well, reaching an average price of $652,544. Of the various types of flats in the HDB resale market, the Central Area saw the highest price increase, growing 25.6% in the fourth quarter, followed by Toa Payoh at 12.1%, Tampines at 6.9%, Bishan at 6.7%, and Bedok at 6.1%. A total of 285 HDB resale flats were sold for $1 million or more in the last three months of 2024, bringing the total number of million-dollar transactions for the year to 1,035. More than 90% of these transactions took place in mature estates. The Kallang/Whampoa estate saw the highest number of million-dollar transactions at 156 units, followed by Toa Payoh at 144 units, and Bukit Merah at 135 units. In the fourth quarter, the transaction volume for the resale market fell by 21.1% compared to the previous quarter, with only 6,424 units sold. According to Lee Sze Teck, senior director of data analytics at Huttons Asia, this decline in transactions can be attributed to seasonal factors, such as the year-end holiday and festive season. He also notes that the lower interest rate environment may have encouraged some buyers to move to the private residential market or the Executive Condominium (EC) market. Additionally, some potential buyers may have opted to apply for a flat in the latest Build-to-Order (BTO) sales exercise, which took place in October. The BTO exercise saw a record 15 projects with 8,573 flats released under the new location-based classification framework, with singles also being allowed to purchase two-room flexi BTO flats in all locations for the first time. However, the overall transaction volume for 2024 increased by 8.4% compared to 2023, with a total of 28,986 units sold. This marks the highest number of yearly resale transactions since 2021 when 31,017 flats were sold. According to transaction data compiled by Huttons Asia, the top five most popular HDB towns among buyers in 2024 were Sengkang, Woodlands, Punggol, Tampines, and Yishun. These estates accounted for around 35.9% of all HDB resales in 2024. Looking ahead, it is expected that 6,976 flats will reach the end of their MOP in 2025, representing a 41.6% decrease in new housing supply entering the secondary public housing market compared to 2024. This is due to the relatively fewer BTO flats completed in 2020 during the pandemic. HDB has announced plans to launch over 25,000 new flats across three BTO sales exercises in 2025, with 19,600 BTO flats and over 5,500 flats under the Sale of Balance Flats (SBF) exercise. The next SBF exercise will take place concurrently with the upcoming BTO sales exercise in February, with 5,000 BTO flats in Kallang/Whampoa, Queenstown, Woodlands, and Yishun being offered. 40% of the 5,500 SBF flats will already be completed. The significant increase in public housing supply aims to meet the growing demand for housing. Sandrasegeran notes that SBF flats are particularly attractive to home seekers because they offer the option of a brand-new, ready-to-move-in flat with a shorter waiting period than the typical BTO process. Additionally, about 3,800 units of the 19,600 BTO flats planned for launch in 2025 will be designated as Shorter Waiting Time (SWT) flats, which offer wait times of less than three years. Sandrasegeran predicts that resale prices in the HDB market for 2025 could increase by 3.5% to 5.5%, with transaction volumes ranging from 26,000 to 27,000. However, Lee has a more optimistic forecast, predicting a rise in prices by 5% to 8% over the course of the year.

Investing in a New Condo Launches in Singapore has become increasingly popular for both local and foreign investors. This is largely due to the country’s strong economy, stable political climate, and high quality of living. With its thriving real estate market, Singapore offers a range of investment opportunities, and condos are particularly attractive for their convenience, amenities, and potential for lucrative 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.…

An opportunity to acquire a residential development site at Jalan Naung has emerged as it is now being put up for sale via expression of interest (EOI) with an asking price of $8.38 million. The highly coveted land, with a 999-year leasehold, is strategically located at Upper Serangoon Road in District 19 and spans over a generous area of 5,408 sq ft. This equates to a competitive asking price of $1,550 psf on the land area.

.

The Singapore Condo market is not only attractive due to its potential for high returns, but also because of the government’s strict property cooling measures. In an effort to maintain a steady real estate market and prevent 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 acquiring multiple properties. Although these measures may affect the short-term profitability of Singapore Condo investments, they ultimately contribute to the long-term stability of the market, making it a more secure investment environment.

Designated as a residential area under the URA Master Plan 2019, this site is part of a three-storey mixed-landed enclave. According to Brilliance Capital, the sole marketing agent for the land, the potential uses for the site include a detached house, a pair of semi-detached houses, or a strata mixed-landed development, subject to approvals from the relevant authorities.

Incredible connectivity is a key aspect of this site. The land is conveniently situated within walking distance of Hougang MRT Station and Hougang Central Bus Interchange. For those who prefer to shop, dine and indulge, NEX, Hougang Mall and Heartland Mall are all within a short 10-minute drive.

Families with young children will also be glad to know that highly reputable schools such as CHIJ Our Lady of the Nativity, Holy Innocents’ Primary School, Montfort Junior School and Punggol Primary School are located within a 1km radius.

The vacant plot of land is exclusively owned by a single seller, which streamlines the acquisition process and ensures a smooth transaction for potential buyers. “We anticipate a high level of interest from a diverse pool of developers, ranging from boutique firms to larger established players, aspiring developers, as well as end-users looking to build their dream home,” says Sammi Lim, the founder and executive director of Brilliance Capital.

She adds: “It is indeed rare for such a prime plot to be made available for sale in the market, especially one that offers a variety of options and permutations for development, accommodating different needs and preferences, including multi-generational living.”

Interested parties for the land parcel are invited to participate in the EOI exercise which will close on March 6 at 3pm. This sale is expected to generate keen interest and prompt action due to the scarcity of such prime land in this highly sought-after location.…

Investing in a condominium in Singapore has become a highly sought-after option for both local and foreign investors, thanks to the country’s thriving economy, stable political climate, and exceptional quality of life. With its diverse range of real estate opportunities, Singapore offers a promising market, and condominiums in particular stand out for their convenience, amenities, and potential for profitable returns. In this article, we will delve into the advantages, factors to keep in mind, and necessary steps when considering a condo investment in Singapore, with a special focus on the latest developments by Singapore Projects.

Radisson Collection, a prestigious hotel brand owned by the Radisson Hotel Group, has made its debut in Southeast Asia and the Pacific region with the opening of a luxurious seafront property in Galle, Sri Lanka. The Radisson Collection Resort, Galle boasts 106 exquisite rooms and suites, making it the group’s fourth hotel in the country.

Each of the 76 guest rooms and suites at the hotel offers stunning ocean views, providing guests with a truly luxurious and tranquil experience. The resort also boasts top-notch amenities, including a beachfront pool, a kids’ club with 24-hour nanny services, and a variety of dining options such as the Asia-Japanese fusion restaurant Ozen and the seafood eatery Catch Restaurant. Guests can also enjoy the Taboo Beach Club, an entertainment zone located on the beachfront, where they can relax on sun loungers and daybeds while sipping on drinks served straight to their seat.

Galle, situated on the southwest coast of Sri Lanka, is a city rich in history and culture. One of its main attractions is the Galle Fort, a 17th-century fortress that has been designated as a UNESCO World Heritage site. In addition to this, the city is home to ancient temples, colonial buildings, and wildlife centers, including a sea turtle hatchery.

For travelers seeking a luxurious and culturally rich vacation, the Radisson Collection Resort, Galle is the perfect destination. The hotel promises an unforgettable experience for all its guests, making it the ideal choice for those visiting Sri Lanka. Book your stay now and indulge in the ultimate luxury experience in Galle.…

Engineering consulting firm Meinhardt, based in Singapore, has entered into a memorandum of understanding (MOU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) to jointly pursue digital and smart city initiatives in developing countries in the ASEAN region. This was announced in a press release on January 17.

Investing in a condo also offers another perk – the opportunity to utilize the condo’s value for further investments. A common approach among investors is leveraging their condo as collateral to secure financing for new investments. This approach not only expands their real estate portfolio but can also amplify their returns. However, it’s important to note that this strategy also comes with risks. Therefore, it’s crucial to have a solid financial plan in place and carefully evaluate the potential impact of market fluctuations on these investments. With the right approach, condo investments can provide a great opportunity to grow and diversify one’s real estate portfolio.

The agreement aims to enhance and implement sustainable urban solutions through the exchange of knowledge and resources. JOIN is well-positioned to support Japanese infrastructure exports, while Meinhardt brings expertise in integrated planning, design, and project management to the table, according to the release.

Join is a public-private fund in Japan that facilitates investments by Japanese companies in infrastructure projects abroad.

This partnership is a result of the Memorandum of Cooperation (MOC) signed last November between Japan’s Ministry of Land, Infrastructure, Transport and Tourism and the Singapore Cooperation Enterprise. The objective of the MOC is to promote the development of digital and smart cities in the ASEAN region and other parts of the world.

Meinhardt says that the MOU will provide a platform for both parties to exchange information, identify opportunities for collaboration, and work together on projects from the initial stages to make a significant impact globally.…

In a press release on January 20, Minister for National Development Desmond Lee announced that the final two pandemic-delayed projects from the Housing Development Board (HDB) have been completed. The two Build-to-Order (BTO) projects, Punggol Point Cove (Phase 2) and Kempas Residences, mark the end of HDB’s housing projects that were delayed due to the pandemic. Together, these two projects have delivered over 75,800 new flats to Singaporeans in the last five years.

In 2024, a total of 22 housing projects were completed by HDB, out of which 17 were delayed due to the pandemic. The remaining four projects were completed on time, except for one which was delayed for non-pandemic reasons. These 22 projects also include two Shorter Waiting Time (SWT) projects, Parc Glen at Tengah and Grove Spring at Yishun, which were completed within a waiting period of less than three years and made up of 1,995 flats. The rest of the projects had waiting times of up to five years, with over 18,000 flats completed in 2024.

Overall, choosing to invest in a Singapore condo brings with it a plethora of benefits, including a high demand for such properties, potential for significant capital appreciation, and enticing rental yields. However, it is crucial to carefully consider several factors before making any investment decisions, such as location, financing options, government regulations, and prevailing market conditions. By conducting in-depth research and seeking advice from industry experts, investors can make well-informed choices and fully capitalize on the ever-evolving real estate market in Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and lucrative investment opportunity, the Singapore condo market offers an irresistible prospect. Don’t miss out on this opportunity and make sure to check out Singapore Condo for the best options available.

Punggol Point Cove (Phase 2) residents have started receiving the keys to their new homes since November 2024, while keys collection for Kempas Residences began in mid-January this year. HDB is expected to inform the remaining flat owners about their key collection dates soon, following the completion of the final blocks in both projects this month. Punggol Point Cove (Phase 2) is situated along New Punggol Road and comprises 1,179 units of two-room flexi, three-, four-, and five-room flats across six residential blocks. The last block of this project was completed 12 months later than its original Probable Completion Date (PCD) due to pandemic delays. As of January 15, 657 households or 59% of the 1,109 booked units have collected their keys. According to HDB, the completion of Punggol Point Cove (Phase 2) marks the end of all flats in the Punggol Point District, including Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects, which were completed in 2024.

Kempas Residences, located between Serangoon Road, Lavender Street, and Boon Kheng Road, has 583 units of two-room flexi, three-, and four-room flats across four residential blocks. The final block, delayed by six months from its original PCD, was completed in mid-January. As of January 15, 37 households or around 7% of the 555 booked units have collected their keys. Currently, there are 110 HDB housing projects under construction, an increase from 95 a year ago due to the rise in BTO supply in recent years. HDB is on track to complete around 17,000 flats across 27 projects in 2025.…

In a recent filing on January 20, City Developments Limited (CDL) announced that its subsidiary, CDL Hotels Holdings New Zealand Limited (CDLHH NZ), is offering $2.25 ($1.72) per share to acquire all the remaining shares of New Zealand-listed Millennium & Copthorne Hotels New Zealand Limited (MCK). Once the offer is completed, CDL plans to delist and privatize MCK, simplifying the ownership structure of its New Zealand entities.

The demand for condos in Singapore has soared in recent years, making it an attractive investment option for both locals and foreigners. The country’s strong economy, stable political climate, and exceptional quality of life are just a few of the reasons why many are choosing to invest in this market. With a multitude of opportunities available in Singapore’s real estate sector, condos are particularly appealing for their convenience, amenities, and potential for high returns. In this article, we will delve into the advantages, considerations, and steps involved in investing in a condo in Singapore, with a focus on Singapore Projects.

At present, MCK owns, leases, or has under franchise a total of 18 hotels in New Zealand. It also has a majority stake in CDL Investments New Zealand Limited and holds interests in properties in Australia through its subsidiaries in the Kingsgate Group.

As of January 17, CDLHH NZ holds 80.02 million MCK shares, representing a 75.86% stake out of the total 105.48 million shares in issue. If CDLHH NZ exceeds the threshold required to trigger the compulsory acquisition provisions of the New Zealand takeover code, it will compulsorily acquire all of the outstanding shares in MCK. Additionally, CDLHH NZ also has the option to redeem the non-voting redeemable preference shares issued by MCK.

Since the offer does not include the MCK non-voting redeemable preference shares, CDLHH NZ has expressed its willingness to acquire these shares at $1.70 or approximately $1.30 per share through its broker, Craigs Investment Partners, by buying them on the Main Board of the New Zealand Stock Exchange (NZX). As of January 17, CDLHH NZ already holds 91.34% or 48.17 million of MCK’s non-voting redeemable preference shares.

If the offer is fully accepted by MCK’s shareholders, CDLHH NZ will pay a total consideration of $57.29 million. Additionally, CDLHH NZ is also expected to pay around $7.77 million to acquire all of the redeemable preference shares it is seeking.

The offer price for MCK’s shares and redeemable preference shares takes into account the current and historical market prices, as well as the operating environment of the company. As of June 30, 2024, MCK had a net asset value (NAV) of $532.02 million and a net tangible asset value (NTA) of the same amount. The NAV and NTA attributable to the MCK shares subject to the offer are estimated to be $85.62 million each as of June 30, 2024.

The offer is contingent on CDLHH NZ receiving 90% or more of the voting rights in MCK by May 2, 5pm. It is also conditional on CDLHH NZ obtaining consent under the Overseas Investment Act 2005 of New Zealand and the Overseas Investment Regulations 2005 of New Zealand to own and control all of MCK’s shares.

The implementation and payment of the offer are not expected to have a significant impact on CDL’s earnings per share (EPS) or net tangible assets (NTA) for the fiscal year ending December 31, 2025.…

The Singaporean government’s property cooling measures are an important factor to consider when investing in condos in the country. In an effort to control speculative buying and maintain a steady real estate market, the government has implemented various measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the immediate profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment environment.

Teo Hong Lim, the executive chairman of property developer Roxy-Pacific Holdings, announced that on Jan 18, the first day of its launch, 71 out of 113 units at Bagnall Haus, a freehold condominium, were sold. This equals a sales rate of approximately 63%, with an average transacted price of $2,490 per square foot (psf).Of the buyers, over 90% were Singaporeans, according to Teo. He also stated that most of them were end-users with varying budgets. The take-up rate was strong for all unit types, with the two- and three-bedroom units being the most popular. However, there was also demand for the larger five-bedroom units.Located in District 16, Bagnall Haus is situated along Upper East Coast Road and has a total of 113 residential units spread out over three five-storey blocks on a freehold land size of 74,280 square feet. The units available are a mix of one-bedroom plus flexi sized at 495 square feet and five-bedroom units sized at 1,528 square feet.Find out the latest prices and unit availability for new launchesAdvertisementAdvertisementIsmail Gafoor, the CEO of PropNex, stated that out of the 71 residential units sold at Bagnall Haus, around 59% were one- and two-bedroom units that fetched prices slightly below $2.1 million. He also mentioned that the three-bedroom units were highly sought after, with 18 out of 20 units being sold at prices ranging from $2.3 million to $2.7million. The remaining four- and five-bedroom units were sold for approximately $3 million to $3.8 million.Gafoor believes that the pricing, which is typically below $3 million, is appealing to most buyers. The average transacted price of $2,490 psf was also “compelling for a well-located freehold development”, according to Gafoor. He further states that buyers saw value in the project, especially when compared to some 99-year leasehold new launches in the Outside Central Region (OCR), such as Chuan Park, which reached an average price of $2,579 psf when it launched in November 2024. Around 59% of the 71 units sold were one- and two-bedroom units that were priced just below $2.1 million (Photo: Albert Chua/EdgeProp Singapore)In addition to the 71 residential units sold, both strata-titled shop units on the ground floor of Bagnall Haus, measuring 172 square feet each, were sold for $688,000 ($4,000 psf) each.”Most buyers were owner-occupiers,” states Marcus Chu, CEO of ERA Singapore. He also mentioned that while some buyers were current homeowners of older landed properties looking to downsize into more manageable and newer apartments, others were families from the neighbourhood wanting to upgrade to a freehold property. According to Chu, Bagnall Haus benefits from its close proximity to established amenities and reputable schools, such as Temasek Primary School, which is within 1km radius.Read also: Bagnall Haus: a rare freehold project steps from Sungei Bedok MRT, one stop from Bayshore’s transformationAdvertisementThe development is also within walking distance of the upcoming Sungei Bedok MRT Station, which is an interchange for the Downtown and Thomson-East Coast lines. It is only one stop away from Bedok South MRT Station, which will be part of an integrated transport hub, showcasing a new bus interchange within the upcoming Bayshore precinct. This hub will also include a mixed-use development incorporating retail and residential components.”Sales at Bagnall Haus were driven by pent-up demand, which stemmed from a 15-year wait for a new project in the area, as well as its freehold tenure,” according to Mark Yip, CEO of Huttons Asia. “It is uncommon to find a freehold project located right next to an MRT station. Buyers recognized the potential benefits of the Bayshore precinct’s upcoming transformation.” Check the latest listings for Bagnall Haus propertiesAsk BuddyExplore condo sale transactions in District 16Compare the price trend of newly launched condos vs executive condosFind out more about upcoming new launch projectsLooking for condo rentals in District 16Recently launched projectsCondo sale transactions in District 16Compare the price trend of newly launched condos vs executive condosFind out more about upcoming new launch projectsLooking for condo rentals in District 16Recently launched projects…

Choosing the right location is a critical factor in real estate investment, and this is particularly crucial in Singapore. In this country, condos that are situated in central areas or close to important amenities, such as schools, shopping centers, and public transportation hubs, tend to have a higher appreciation in value. Some of the most sought-after locations in Singapore include Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown strong growth. With the recent New Condo Launches, the demand for properties in these prime locations is only expected to increase. Additionally, the proximity to reputable schools and educational institutions makes condos in these areas highly desirable for families, making them an even more attractive investment option.

Commonwealth Towers has emerged as the top private non-landed property in Singapore to hit a new psf-price peak during the week of Dec 27 to Jan 3. The 99-year leasehold condominium reached a record price of $2,460 psf on Dec 27 with the sale of a three-bedroom unit on the 40th floor for $2.22 million. This surpasses the previous high of $2,402 psf, which was set just three months earlier with the sale of a two-bedroom unit on the 42nd floor for $1.65 million in September 2024. The average resale price at Commonwealth Towers has been on the rise for the past three years, with an 11.6% increase since 2022. Parq Bella, a boutique freehold development on Tembeling Road in District 15, took second place on the list, setting a new psf-price high of $2,416 when a three-bedroom unit was sold for $2.6 million on Dec 31. This beats the previous record of $2,385 set in August 2023. The boutique project has seen a total of five sale transactions at an average price of $2,347 psf. Lastly, Klimt Cairnhill, a freehold luxury development in District 9, was the only private residential property to see a new psf-price low during the week. The developer sold a two-bedroom unit for $2.55 million on Jan 3, translating to $3,077 psf – the lowest psf price recorded at the development. However, with a 100% sales rate and an average price of $3,665 psf, the project has emerged as the most profitable among all the transactions in this review.…