Month: January 2025

Investing in a condo in Singapore presents a plethora of benefits that make it a highly attractive choice for investors. One of the key advantages is the consistently high demand for condos in the city-state. This demand is driven by a growing population and a thriving economy, making condos a highly sought-after form of housing. Furthermore, condos in Singapore have shown a strong track record of capital appreciation, making them a potentially lucrative investment.

However, it is crucial to factor in various considerations before diving into the Singapore condo market. Location is a critical aspect that can greatly impact the success of an investment. Opting for a condo in prime areas, such as near business districts or popular tourist spots, can significantly increase its value. It is also essential to carefully consider financing options, as different payment plans and interest rates can affect the overall cost of the investment.

Moreover, investors must keep up-to-date with the ever-changing government regulations and market conditions in Singapore. The government has implemented measures to ensure the stability and sustainability of the real estate market, making it a relatively safe environment for investors. However, staying informed and seeking professional advice is crucial to make well-informed decisions and maximize returns.

Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, condos in Singapore offer a compelling opportunity. With the right research and guidance from experts, investors can tap into Singapore’s dynamic real estate market and reap the rewards. To explore the latest and most promising Singapore projects, visit Singapore Projects.

On Saturday, Jan 4, the 113-unit Bagnall Haus along Upper East Coast Road will open its doors for a preview by property developer Roxy-Pacific Holdings. This freehold project is a redevelopment of the former Bagnall Court, which the developer acquired en bloc for $115.28 million in February 2023. With a land rate of $1,106 psf ppr, this represents a significant investment for Roxy-Pacific.

Situated in a prime location, Bagnall Haus is a low-rise, five-storey block that offers a mix of one-bedroom plus flexi units starting from 495 sq ft to five-bedroom apartments of 1,528 sq ft. The launch prices will start from $1.235 million ($2,495 psf) for a one-bedroom plus flexi. Executive chairman of Roxy-Pacific Holdings, Teo Hong Lim, reveals that the average indicative price will be around $2,450 psf. The official launch date will be announced after the weekend preview.

Bagnall Haus’s convenient location is one of its main selling points. It is less than a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station, which is set to be completed in 2028 and will serve both the Thomson-East Coast (TEL) and Downtown (DTL) lines. It is also within walking distance to the Upper East Coast Bus Terminal. Additionally, the project is situated across the road from a future commercial and residential mixed-use development site in the upcoming Bayshore precinct. This means that residents of Bagnall Haus will have access to future amenities in the area, according to Teo.

The last private condominium launched in the Upper East Coast neighbourhood in District 16 was the 75-unit, freehold boutique apartment project Eastwood Regency by Fragrance Group in 2010. The neighbouring 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.

Bagnall Haus’s prime location also means that there are plenty of amenities within the immediate vicinity. These include the upcoming Bedok Food Court and the nearby Eastwood Centre, which boasts a Cold Storage supermarket, a medical clinic, a dentist, a nail and beauty spa, and a pet shop. For families with children, there are also several schools nearby, such as Temasek Primary and Secondary Schools, Bedok Green Primary School, and Anglican High School.

To find out more about the latest listings and transaction prices of Bagnall Haus, interested buyers can visit the project’s website or speak to an online assistant named Buddy. They can also check out the latest listings for properties in Bagnall Haus, get information on recently launched projects, compare the price trend of HDB, condo, and landed properties in District 16, and find out the total number of units available in Bagnall Haus.…

Investing in a condo in Singapore has many advantages, with one of the key ones being the potential for capital appreciation. Due to its strategic location as a global business hub and strong economic fundamentals, Singapore experiences consistent demand for real estate. As a result, property prices in the country have shown a positive trend over the years, particularly for condos in prime locations. Savvy investors who enter the market at the right time and hold onto their properties for the long term can reap substantial capital gains.

City Developments Limited (CDL), Frasers Property and Sekisui House have announced the preview of their new condominium project, The Orie, on Friday, Jan 3, with the official launch taking place on Jan 18. With a prime location at Lorong 1 Toa Payoh, the private condo is situated at the intersection of Lorong 4 Toa Payoh and comprises of 777 units across two 40-storey towers. The unit types range from one-bedroom plus study (517 sq ft) to five-bedroom (1,453 sq ft) apartments. Prices start at $1.28 million ($2,476 psf) for the one-bedroom option, $1.48 million ($2,500 psf) for a two-bedroom, and $3.48 million ($2,395 psf) for the largest options of a five-bedroom with exclusive private lift. Interested buyers can search for the latest New Launches for available units and transaction prices. The Orie is the first private condo to be launched in the area since 2016, when the 578-unit Gem Residences was introduced and subsequently completed in 2020. The highly sought-after spot was secured by the three major property developers after submitting the highest bid for a land parcel, amounting to $968 million, which equates to a land rate of $1,360 psf per plot ratio (ppr). CDL, Frasers Property and Sekisui House have formed a joint venture with a 50:25:25 split respectively. “We are excited to kick off the new year with the launch of The Orie, which marks the first private residential project in Toa Payoh in over eight years,” shared CDL’s group CEO, Sherman Kwek. “Nestled in the bustling and highly desirable Toa Payoh estate, potential homeowners will benefit from its strategic location and excellent connectivity.” The Orie’s proximity to Braddell MRT Station on the North-South Line (NSL) is a major plus, which is only a five-minute walk away. It is also near the Toa Payoh Integrated Transport Hub, which connects the Toa Payoh Bus Interchange with Toa Payoh MRT station. The new 12-ha mixed-use development and community hub is set to be completed in 2030 and will feature a sports centre, football stadium, polyclinic, and a public library, along with a variety of other sports and recreational facilities. The condo is also conveniently located near multiple amenities such as the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and MacRitchie Reservoir. For families, nearby schools include Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, and First Toa Payoh Primary School. Medical facilities in the vicinity include Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital and Thomson Medical Centre. Positioned within District 12, which is part of the city fringe or Rest of Central Region (RCR), residents of The Orie will have easy access to the CBD and Orchard Road shopping belt, as noted by Frasers Property Singapore’s CEO, Soon Su Lin. The development boasts of over 40 condominium facilities, energy-efficient units with practical layouts, top-notch fittings by Hansgrohe, high-quality bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung. Takehisa Yanagi, managing officer and head of international development department at Sekisui House, has expressed his excitement for the new partnership between Sekisui House and CDL, but also mentions that they have a longstanding partnership with Frasers Property spanning 13 years. For those interested in the latest transactions at the nearby Gem Residences, a 578-unit condo also located at Lorong 5 Toa Payoh, they can check out the latest listings for The Orie properties and use EdgeProp Buddy to see the project summaries for The Orie condo, a comparison of price trends for new sale and resale condos, recently launched projects, and listings in District 12.…

Beginning January 1, ERA Singapore will discontinue its longstanding practice of covering the annual Council for Estate Agencies (CEA) license renewal fees for its real estate agents. This gesture, which has been in place for the past seven years, will no longer be extended to agents, even during the challenging times of the COVID-19 pandemic. While this has been a hallmark of ERA’s support for its agents, the company has decided to reallocate resources towards initiatives that will enhance growth and success for its market-leading salesforce and benefit consumers.

Investing in a Singapore Condo offers numerous benefits, with one of the most significant advantages being the potential for capital appreciation. As a global business hub with a robust economy, Singapore sees a constant demand for real estate. As a result, property values in the city-state have shown consistent growth, particularly for condos in prime locations. Those who enter the market at the opportune moment and retain their property for a prolonged period can reap considerable gains in capital. Singapore Condo is a promising investment for those seeking long-term returns in the real estate market.

In an official statement, ERA explains that the decision was made to help the company direct resources towards technology, training, and marketing, instead of covering renewal fees. This will enable the agency to better support its core team of results-driven salespersons and deliver exceptional value to clients. However, ERA will continue to support new agents by covering their renewal fees for the first two years, a common industry practice aimed at assisting newcomers in establishing themselves in the real estate market.

Previously, ERA had faced recurring issues with inactive agents taking advantage of the fee coverage by switching between agencies. This has also led to a modest reduction of approximately 300 agents, primarily those who were inactive or part-time salespersons with no transactions in the past year, according to the firm. However, on the flip side, ERA has also attracted around 230 new professional agents who joined the agency on January 1, highlighting its continued appeal to active and aspiring real estate agents.

CEO of ERA Singapore, Marcus Chu, states, “The CEA is currently reviewing the need to implement a minimum transaction requirement for real estate salespersons. This underscores the importance of active participation and continuous professional development in the industry.” He adds, “By reallocating resources towards technology, training, and marketing, we reaffirm our commitment to empowering our core team of results-driven salespersons to excel and deliver exceptional value to clients.” In conclusion, this decision by ERA Singapore marks a strategic move towards supporting its agents in a more efficient and effective manner, positioning them for long-term success in the real estate market.…

Before diving into a condo investment, it is crucial to carefully consider the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. Rental yields for condos in Singapore can greatly vary, depending on factors such as location, property condition, and market demand. Generally, areas that have high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. It is therefore important to conduct thorough market research and seek advice from real estate agents to gain valuable insights into the rental potential of a specific condo. Additionally, checking out new condo launches can also help in making an informed decision.

On Jan 1st, real estate agency SRI made a significant announcement that a total of 111 agents from Knight Frank Singapore’s agency business, KF Property Network (KFPN), had joined their firm. This also included the head of KFPN, Evan Chung.

At the time of this announcement, KFPN had 274 sales force members and was ranked as the sixth-largest property agency by the Council for Estate Agencies (CEA) in 2024. Meanwhile, SRI, which had 1,286 agents in 2024, was ranked as the fifth-largest agency. With the addition of 111 agents from KFPN and recruits from the top four largest agencies – PropNex, ERA, Huttons, and OrangeTee & Tie (OTT) – SRI’s sales force grew to 1,501 at the start of 2025.

SRI was co-founded by managing partners Bruce Lye and Benson Koh in 2016, as a spin-off from SRI5000, which they had established as a division of SLP Realty six years earlier. Starting with only 120 agents working out of a 2,000 sq ft shop unit on Eng Watt Street in Tiong Bahru, SRI eventually outgrew their premises and moved to a 4,200 sq ft office space at Great World in 2021.

Today, SRI has reached a significant milestone by expanding their team to nearly 1,500 real estate agents. The firm has set a target to further expand their team to 2,000 by the end of 2025, according to CEO Thomas Tan. This enlarged team is expected to enhance SRI’s existing business lines, which include residential, capital markets, industrial, auctions, and international projects. Tan states that many of the new agents from KFPN are involved in big-ticket deals, which will complement SRI’s focus on Good Class Bungalows (GCBs) and other luxury properties.

Despite their growth, SRI remains committed to their boutique agency approach with a strong emphasis on the luxury residential market. Tan’s vision is to establish SRI as a thought leader in the industry, known for their high standards, niche expertise, and client-centric approach. The former head of KFPN, Chung, who is now joining SRI as a leader, explains that his decision to move was driven by the agency’s dedication to providing agents with effective tools, comprehensive support, and expert coaching. He also points out the open and collaborative culture at SRI, which fosters a sense of teamwork and support among professionals. Chung believes that this will provide a great platform for growing their business and serving their valued clients in the residential, commercial, and industrial market segments, auctions, and international properties.

In light of Chung’s departure and the other agents who have moved to SRI, KFPN’s sales force has decreased to 145 agents, and their ranking has dropped from sixth to eighth largest agency, according to CEA public register figures as of Jan 1st. However, Knight Frank Singapore’s CEO, Galven Tan, assures that it is business as usual at KFPN. He states that they are currently working to appoint a new head to lead KFPN, ensuring strong leadership for its growth and success. Galven Tan also adds that they will be evaluating the team’s strengths and expertise to strategically position KFPN for future opportunities.…