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Month: February 2025

Own Rare Brand New Freehold Industrial Property Central Singapore

Posted on February 19, 2025

Chiu Teng Group has established a reputation for developing high-quality commercial and industrial spaces in Singapore. Their latest project, CT Pemimpin, is a freehold B1 industrial factory located at 43 Jalan Pemimpin in the Central Region.

Strategically located in District 20, CT Pemimpin offers superb accessibility for businesses and investors alike. The coveted location in the centre of Singapore makes it an ideal spot for companies looking for a prime location and property investors searching for a rare permanent investment option.

Built with sustainability in mind, CT Pemimpin boasts communal facilities including two rooftop pavilions perfect for outdoor gatherings, rooftop solar panels, two passenger lifts and a service lift. The nine-storey, partial ramp-up factory comprises of 56 strata-titled units and three canteen units, with floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors on levels one and five. Each unit is equipped with private toilets for occupiers’ convenience and privacy.

The development also offers a generous one-to-one carpark ratio with 59 parking lots, including two EV lots, and two loading and unloading bays and a lorry park for rigid-frame vehicles of less than 7.5m.

Marcus Chu, CEO of ERA Singapore, believes that CT Pemimpin will appeal to both property investors and end users. Investors will appreciate that there is no Additional Buyer’s Stamp Duty (ABSD) imposed on industrial properties, making it a safer investment option. As for end users, CT Pemimpin offers a rare opportunity to own a freehold industrial space in a central location, making it more appealing than renting.

Ken Low, Managing Partner of SRI, believes that CT Pemimpin stands out from traditional B1 industrial developments due to its sleek and modern facade and its central location. Its proximity to Marymount MRT station (a five-minute walk) and Bishan sub-regional centre (a 13-minute walk) makes it attractive to young entrepreneurs and their staff. Low also notes that this is the first freehold industrial launch in the area in over a decade and has a proven track record of good profitability and rental.

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Investing in real estate requires careful consideration of various factors, with location being a key aspect to consider. This is particularly true in Singapore, where the location of a condo can greatly impact its value. Condos located in central areas or in close proximity to important amenities, such as schools, shopping malls, and public transportation hubs, tend to have a higher appreciation in value. For example, areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. Additionally, condos in these areas are highly sought after by families due to their proximity to reputable schools and educational institutions, making them even more lucrative investments. With the introduction of New Condo Launches, the potential for growth in these prime locations is even greater.

One of the main selling points of CT Pemimpin is its freehold status. With most industrial developments limited to a 30-year or 60-year lease, freehold properties are a rarity in today’s market. This makes it an exceptional find for investors looking for long-term potential, including family offices and companies in the information and communications media industry that need clean B1 spaces.

Additionally, commercial and industrial properties are not subject to ABSD, making them an attractive investment option for foreigners and local investors.

The location of CT Pemimpin offers unparalleled connectivity and accessibility to different parts of Singapore via both public and private transport. The industrial estate is a short walk from Marymount MRT station and a five-minute drive from Upper Thomson MRT station and Bishan MRT station. It is also easily accessible from major expressways such as the PIE and CTE. The upcoming completion of the North-South Corridor, which will offer dedicated bus and cycling lanes, will further reduce travel time from the north into the city.

With its location near vibrant townships like Bishan, Upper Thomson, and Ang Mo Kio, CT Pemimpin provides easy access to a variety of retail and dining options at popular shopping destinations such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. The area is also home to reputable schools, including Raffles Institution, Catholic High School, and Eunoia Junior College, making it convenient for parents to drop off their children before heading to work.

Chiu Teng Group has a solid track record as a reliable property developer and builder since its establishment in 1999. Their portfolio includes well-received industrial projects such as CT FoodNEX, CT Foodchain, Tagore8, CT Hub, and CT Hub 2, as well as residential projects like The Creek@Bukit.

The preview for CT Pemimpin will start on February 21. To secure a rare freehold industrial space, call 8100 8017 or visit Chiu Teng Group to arrange a viewing. Don’t miss this opportunity!…

Hong Leong Holdings Preview Lentor Central Residences Feb 21 Prices Starting 975000

Posted on February 19, 2025

Lentor Central Residences, the latest addition to the bustling community of Lentor Hills, is set to be unveiled on February 21st. Developed collaboratively by Hong Leong Holdings, GuocoLand and CSC Land, this 477-unit project is expected to go on sale on March 8th.

Situated in an established residential district, Lentor Central Residences features two modern high-rise blocks, standing tall at 27 and 28 storeys respectively. Prospective buyers can choose from a diverse range of units, spanning from 463 sq ft to 1,399 sq ft, from cozy one-bedroom apartments to spacious four-bedroom homes.

To keep you updated with the latest news, we bring you the current availability and prices for Lentor Central Residences.

One-bedroom units start from $975,000 (at $2,110 psf), while two-bedroom units are priced from $1.38 million ($2,050 psf). Interested buyers can also explore three-bedders starting from $1.81 million ($1,984 psf), and four-bedroom units starting at $2.37 million ($2,000 psf).

The luxurious development offers a picturesque setting with an array of landscaped decks, boasting a 50-metre Infinity Edge Pool, 25-metre Lap Pool, and Leisure Pools. (Picture: Hong Leong Holdings)

Betsy Chng, head of sales and marketing at Hong Leong Holdings, is optimistic about the project’s location, citing its close proximity to the Lentor MRT Station and the Thomson-East Coast Line, making it a convenient commute to the city centre. The development also offers an abundance of retail and dining options, including Lentor Modern, a comprehensive project by GuocoLand, Thomson Plaza, and a variety of eateries on Upper Thomson Road and the nearby Springleaf estate.

She adds, “We believe the new Lentor Hills enclave is on the brink of significant growth and poised to become one of Singapore’s most desirable districts for homebuyers. Together with our partners, we are committed to creating a selection of luxury homes that offer great value for money, based on practical living space.”

An artist’s impression of the serene Spa Pavilion and Massage Pool at Lentor Central Residences. (Picture: Hong Leong Holdings)

In addition to the residence, the development boasts a childcare centre, catering to the needs of families with young children. Other amenities for families include a vibrant children’s playground, while condo facilities include a state-of-the-art resident’s club, a 50-metre infinity edge swimming pool, a well-equipped gym and yoga room, and a tennis court.

Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. While condos can be purchased with relative ease by foreigners, the same cannot be said for landed properties due to stricter rules. Additionally, foreign buyers must take into account the Additional Buyer’s Stamp Duty (ABSD) which currently stands at 20% for their initial property acquisition. Despite this extra expense, the steady and promising growth of the Singapore real estate market continues to entice foreign investment. For those looking to invest in the latest developments, they can explore New Condo Launches to find the perfect opportunity.

The sales gallery is located on Lentor Hills Road. Check out our updated property listings for Lentor Central Residences.

Interested to know more? Check out BuddyCondo for our comprehensive overview of condo sale transactions in District 26. On the other hand, if you’re looking to rent, browse through our listings for any available rental properties in District 26. We also offer a comparison of price trends for Condo new sale and EC new sale, as well as a project summary for Lentor Central Residences.

With a total of 477 units, Lentor Central Residences is geared to cater to a diverse group of homebuyers. Keep checking back for more updates on this exciting new launch!…

Sri Signs Mou Redbrick Mortgage Related Training Agents

Posted on February 17, 2025

Singapore Realtors Inc (SRI) has entered into a memorandum of understanding (MOU) with Redbrick Mortgage Advisory to enhance the skills of its salespersons.

Under the partnership, Redbrick will provide SRI agents with specialized training on advanced mortgage strategies, equipping them with the knowledge to guide homebuyers on financing options.

In Singapore, one can witness a stunning cityscape filled with towering skyscrapers and modern amenities. The in Singapore are strategically located in desirable areas, offering a perfect blend of luxury and functionality to attract both locals and foreigners. These lavish living spaces are equipped with various conveniences including swimming pools, fitness centers, and state-of-the-art security services, elevating the overall standard of living. This makes them a lucrative investment option for potential renters and buyers, resulting in higher rental returns and an increase in property value over time. To experience the epitome of opulence and convenience, consider investing in a Singapore Condo.

“This collaboration with SRI will enable our agents to become trusted advisors, capable of presenting customized financing solutions and helping buyers make well-informed decisions,” says Redbrick CEO Eugene Huang.

Aside from training, Redbrick will also provide SRI agents with up-to-date mortgage rate information from over 15 financial institutions, ensuring that clients are always kept informed of the latest market changes.

“With the expertise and real-time mortgage data from Redbrick, our SRI agents can now offer clients timely and efficient financing options,” adds SRI CEO Thomas Tan.…

Retail Podium Sky Edenbedok Sale 452 Mil

Posted on February 17, 2025

Frasers Property Singapore is offering the retail podium of Sky Eden@Bedok for sale through an expression of interest (EOI) exercise. This mixed-use development in Bedok has a guide price of $45.2 million.

The retail podium consists of 12 strata retail units on the ground floor, with a combined strata area of approximately 11,193 sq ft. This translates to a guide price of $4,038 psf. CBRE, the marketing agent for the property, states that the retail units can be sold collectively as a portfolio, individually, or in clusters. The units range in size from 398 sq ft to 1,313 sq ft, with prices starting from $1.91 million to $5.55 million. All units are approved for F&B use.

Sky Eden@Bedok is located in Bedok Central and is still under construction. The 99-year leasehold development comprises of 158 residential units spread across two 16-storey towers, with a retail podium at its base. It is conveniently situated a short walk away from the Bedok Integrated Transport Hub, which consists of Bedok MRT Station and a bus interchange that is connected to Bedok Mall.

Investing in a condo in Singapore offers numerous advantages, one of which is the potential for capital appreciation. The country’s strategic position as a leading global business hub, paired with its robust economic growth, results in a consistent demand for real estate properties. Over the years, Singapore has witnessed a consistent increase in property prices, particularly high-end condominiums located in desirable areas. By timing their investment well and holding onto their properties for extended periods, investors can reap significant returns through condo appreciation.

The development was launched in September 2022 and marked the first private residential launch in Bedok Town Centre in a decade. All residential units were quickly snapped up. Temporary occupation for the development is expected to be obtained in 4Q2025.

Head of Capital Markets for Singapore at CBRE, Michael Tay, states that the strata retail units at Sky Eden@Bedok are the first private commercial properties to be made available for sale in Bedok Town Centre. He believes that the affordable quantum of the property will appeal to a wide range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers looking to break into the commercial space of the tightly held residential enclave.

Interested parties can submit their EOI for the retail podium until April 3 at 3pm. For more information on Sky Eden@Bedok, check out the latest listings or consult Ask Buddy. Additionally, you can view the 2-bedroom floor plans, site plan, and diagrammatic chart for the development. The site also provides information on the number of units in Sky Eden@Bedok, recent condo sale transactions in District 16, and projects that have obtained TOP recently.

RELATED NEWS

Private home prices in Singapore rose 3.8% in the third quarter of 2022, driven by properties in the Outside Central Region (OCR). With no new project launches, developers sold 437 units in August. Sky Eden@Bedok achieved 75% sales on its launch day, with an average price of $2,100 psf.…

Over 29000 Hdb Flats Selected 407 Mil Upgrading

Posted on February 17, 2025

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The Home Improvement Programme (HIP) has recently selected over 29,000 HDB flats for the latest round of upgrading works. In a press release on Feb 16, HDB announced that a budget of over $407 million will be allocated for these improvements.

These selected flats are situated in various areas such as Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh, and Woodlands. This is part of the ongoing efforts by the government to ensure that older flats are well-maintained and provide a safe living environment for residents.

The HIP was first introduced in 2007 to address common maintenance issues that arise due to wear and tear in older flats. Since then, close to nine in 10 eligible flats or 494,000 flats have been selected for the programme, with 381,000 flats undergoing upgrades, according to Minister for National Development, Desmond Lee.

In this latest round, the selected flats will undergo essential improvements that focus on the basic safety needs of residents. These improvements include repairing spalling concrete and ceiling leakages caused by wear and tear. The costs of these essential improvements are fully funded by the government for Singapore citizen households.

In addition to essential improvements, flat owners can also opt for optional improvements such as upgrades to existing bathrooms and toilets, a new entrance door and grille gate, and a new refuse chute hopper. These optional improvements are subsidized by the government, with Singapore citizen households paying only 5% of the costs, depending on the type of flat.

Since 2012, the Enhancement for Active Seniors (Ease) programme has been offered as part of the HIP. Under Ease, flat owners can choose to install senior-friendly fittings such as grab bars, ramps, and slip-resistant treatment to toilet and bathroom tiles. These improvements are also heavily subsidized by the government, with up to 95% of the costs covered for Singapore citizen households.

As of March 31, 2014, HDB has allocated approximately $4 billion to the HIP and $150 million to the Ease programme. This highlights the government’s commitment to maintaining the quality and safety of older HDB flats for its residents.

With the latest selection of 29,000 flats, it is evident that the HIP and Ease programmes will continue to benefit many more Singaporean households in the years to come.

Singapore has become a highly coveted destination for both local and foreign investors looking to invest in a condo. This is primarily due to the country’s strong economy, stable political climate, and exceptional quality of life. With its thriving real estate market, Singapore offers a plethora of opportunities for investors, with condos being a particularly attractive option. They provide convenience, top-notch amenities, and the potential for impressive 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, highlighting some of the Singapore Projects that are worth considering.…

Bukit Timah Plaza Strata Restaurant Unit Sale 98 Mil After 12 Price Cut

Posted on February 17, 2025

A spacious 3,391 sq ft unit has been listed for sale at Bukit Timah Plaza mall. The strata-titled unit, approved for restaurant use, has an asking price of $9.8 million ($2,890 psf) which is a 12% discount from the previous listing price of $11 million in 3Q2022. Clemence Lee, CBRE’s executive director of capital markets, is marketing the property.

Located in the basement two of the mall, the unit boasts a 20m frontage facing the central plaza. According to Lee, the unit is currently fully leased and will be sold within the existing tenancy. The unit has a 99-year lease from 1976, with a remaining lease of 50 years.

This pricing is in line with the last two transactions for units in basement two: A 441 sq ft unit sold for $1.43 million ($3,240 psf) in March 2024, and an 850 sq ft unit sold for $2.5 million ($2,940 psf), based on lodged caveats.

Bukit Timah Plaza is a mixed-use development completed in 1979, comprising a four-storey retail mall and two apartment blocks with 269 residential units at Sherwood Towers. The mall is one of the most frequented in Bukit Timah, home to one of the largest Fairprice Finest supermarkets in Singapore, spanning over 44,000 sq ft, according to CBRE.

Overall, there are multiple benefits to be gained from investing in a condo in Singapore. These include a high demand in the market, potential for increasing value over time, and attractive rental yields. Nevertheless, it is crucial to carefully consider various factors before making a decision. Factors such as location, financing options, government regulations, and current market conditions all play a significant role in determining the success of your investment. To make the most of Singapore’s ever-evolving real estate market, it is essential to conduct thorough research and seek professional advice. Whether you are a local investor looking to diversify your portfolio or a foreign buyer interested in a stable and profitable investment, the condos in Singapore offer a compelling opportunity. For more information on the latest and most attractive projects in Singapore, be sure to check out Singapore Projects.

Located at 1 Jalan Anak Bukit, the mall is within walking distance of Beauty World MRT Station and King Albert Park MRT Station on the Downtown Line. It is also surrounded by numerous private residential developments, with an estimated population of about 37,000.

This prime location is also near several educational institutions, including the Singapore Institute of Technology (SIT), Singapore Institute of Management (SIM), Ngee Ann Polytechnic, Methodist Girls’ School, and Pei Hwa Presbyterian Primary School.

Furthermore, Bukit Timah Plaza is situated in the vicinity of the Beauty World area, which is currently being revitalized with the development of new mixed-use, integrated projects, such as The Reserve Residences and the redevelopment of the former Bukit Timah Market and Food Centre, expected to be completed in late 2029.

The spacious unit is offered for sale by expression of interest on Mar 19. Interested buyers can take a look at the latest listings for properties in Bukit Timah Plaza and Sherwood Towers.…

Adjoining 999 Year Strata Retail Units Peninsula Plaza Sale 9741 Psf

Posted on February 17, 2025

A prime opportunity has emerged for investors looking to acquire a pair of adjoining strata retail units at Peninsula Plaza. Situated on the ground floor with a highly visible frontage along North Bridge Road, these 999-year leasehold units have a combined strata area of 1,119 sq ft. The asking price of $10.9 million translates to $9,741 psf based on the strata area.

Currently tenanted until 2026, the properties offer a 3% gross rental yield at the guide price of $10.9 million. According to Nick Chan, associate director of investment sales & capital markets at Savills Singapore, the two units are the most desirable within the development due to their excellent street frontage and consistent foot traffic.

Securing financing for a condo is a crucial element of the investment process. In Singapore, there are various mortgage choices available, but it is essential to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan an individual can obtain, based on their income and current debt obligations. It is crucial for investors to understand the TDSR and seek guidance from financial experts or mortgage brokers to make well-informed decisions about their financing options. This will prevent them from becoming over-leveraged and facing financial difficulties in the future.

Built in 1980, Peninsula Plaza is a 30-storey mixed-use commercial building with a six-storey retail podium and a 24-storey office tower. It holds a 999-year lease and boasts prominent frontages along North Bridge Road, Coleman Street, and Coleman Lane. The strata subdivision of commercial properties in the CBD and Orchard corridors has been restricted since March 2022, making strata-titled units with 999-year and freehold tenure highly sought-after.

The last transaction of a ground-floor retail unit at Peninsula Plaza was in August 2022, when a 452 sq ft unit sold for $4.08 million ($9,025 psf) based on a lodged caveat. Given the prime location and potential for rental yield, this pair of strata retail units is a rare investment opportunity that should not be missed.…

Bringing Gcb Design Brand New Semi Detached Homes Sale

Posted on February 14, 2025

Team at Brand New Land creates beautiful accessible luxury semi-detached homes with GCB design

Brand New Land had a vision to bring the essence of Good Class Bungalow (GCB) living into the realm of accessible luxury. To turn their vision into reality, they enlisted the help of Pau Loh, managing director of Tellus Design, a renowned name in the GCB design industry, with whom they have a 30-year history. Together, they crafted a collection of four semi-detached homes in Bukit Timah and Upper Bukit Timah, each incorporating elements inspired by best practices in GCB home design.

Dubbed “The Great Trees Collection”, the semi-detached homes at 23 & 23A Maple Avenue boast a generous frontage of over 24m. They take inspiration from the beauty of nature, with homes at 25 & 25A Jalan Selanting and 23 & 23A Maple Avenue designed to blend seamlessly with their surroundings. With land sizes ranging from 2,790 to 3,130 sq ft, each home comes complete with a lift, swimming pool, and gourmet kitchen provisions.

Staying true to their philosophy of creating value for clients, Brand New Land has priced these homes within the bank valuation range, leaving room for good upside for the buyers.

GCB Design Elements

The semi-detached homes feature dedicated zones for different functions, taking inspiration from the larger bungalows. These homes have separate areas for greeting guests, dining, cooking, and different entertainment spaces, as well as living zones for large or small groups. “We love the intimacy that these dedicated spaces create. Under one roof, you can have family and friends together, yet still have your own space and privacy,” says Alvina Teh, Co-Founder and Director of Brand New Land Group.

‘Ceremonial Entrances’

“The experience of coming home, stepping in from the outside world into your own space, is something we hold close to our hearts when we develop our homes. We want to bring this special experience to our community,” adds Tatiana Teh, Client Relations Director of Brand New Land Group.

There are many benefits to be gained from investing in a condo in Singapore, with one of the most significant being the potential for capital appreciation. This is largely due to the country’s strategic location as a global business hub and its robust economic foundations, which generate a consistent demand for real estate. The property market in Singapore has consistently shown an upward trend over the years, particularly in prime locations where condos are in high demand. By entering the market at the opportune moment and holding onto their properties for an extended period, investors can reap significant benefits in terms of capital gains. Additionally, with the help of companies like Format Dynamics, condo owners can further enhance the value of their investment by leveraging smart strategies for property management and enhancing the overall appeal and functionality of their unit.

Each semi-detached home boasts a ceremonial entrance – framed by lush greenery, the soothing sounds and reflections of water, and warm and rich facade materials – to celebrate the transition from outside to inside. Calming views of natural elements are enjoyed from various parts of the home, adding to the sense of tranquility and serenity.

Luxe Architecture, Rich Materials

Following Loh’s signature style, which has proven successful for GCBs in Singapore’s tropical climate, these homes have wide overhanging eaves and deep recesses to provide shelter and cool the interiors. The use of horizontal design elements, such as the wraparound golden sand facade treatment and horizontal planters, creates a spacious and luxurious aesthetic.

The extensive use of nature-inspired cladding elements and a rich midnight tone make a statement, while the interiors feature rich timber grain, precious marble, and German bath fittings, creating a sense of quiet luxury. Brand New Land has collaborated with luxury kitchen specialist Arclinea Singapore to create gourmet kitchen experiences in these homes. Both brands share the common objective of inspiring everyday connections in extraordinary kitchen spaces. With a predominantly GCB clientele, Arclinea brings a special edge to the kitchens at 25 Jalan Selanting and 23 & 23A Maple Avenue.

“Our vision for this collection is to bring the best GCB design principles into our semi-detached homes,” says Alvina. “We are blessed to work alongside Pau Loh, a very skilled and steady architect, who helped make it happen. We are excited for the future that these homes will create for the lives they touch.”

To view these homes, call 8893 7602. For more information and updates on upcoming launches, visit www.brandnewland.com.sg or follow Brand New Land on Instagram, Facebook, YouTube, and LinkedIn. If you are interested in working with the group or have land with potential for redevelopment, please email comehome@brandnewland.com.sg.…

Hdb Shophouse Serangoon Ave 4 Going 198 Mil

Posted on February 14, 2025

Investing in condominiums in Singapore is a lucrative opportunity, but it’s essential to consider the government’s property cooling measures. To maintain a stable 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 purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a safer investment environment. In addition to this, keeping an eye out for the New Condo Launches could also help investors stay updated on the latest developments and opportunities in the Singapore condo market.

A 214 Serangoon Avenue 4 HDB shophouse with a 99-year leasehold is set to be auctioned off by SRI on Feb 26. With a total floor area of 1,668 sq ft and two storeys, the property also includes living quarters on the second floor. It has been listed at a guide price of $1.98 million, which translates to $1,187 psf on the floor area.

The shophouse, which is currently tenanted, offers a gross rental yield of approximately 6.2% based on the guide price, according to Jansen Kee, assistant manager of auctions at SRI. This is the second time it has been put up for auction, with a higher guide price of $2.08 million last month, but it did not find a buyer.

Kee points out that the shophouse enjoys good visibility from the road as it is prominently positioned in front of a bus stop. He also adds that the unit will be sold with its existing lease, which ends in 2026. This means that the new owner will have an immediate stream of rental income.

Additionally, Kee highlights that the guide price for the HDB shophouse is among the lowest for this asset class in the area, which makes it an attractive value proposition for both investors and owner-occupiers.

Records from URA show that the most recent commercial shophouse transaction in Serangoon was in November 2024, when a 999-year leasehold shophouse along Lichfield Road was sold for $4 million ($1,725 psf). The two-storey property had a land area of 2,319 sq ft.

Situated within a cluster of HDB flats that borders the Serangoon Gardens landed residential estate, the shophouse is located directly across the road from Serangoon Swimming Complex and Serangoon Sports Centre, which contribute to the area’s steady foot traffic. There are also available carparks behind the shophouse.…

Duplex Unit 3 Orchard Park Sale 158 Mil

Posted on February 12, 2025

A spacious four-bedroom duplex apartment is now available for purchase at the prestigious 3 Orchard By-The-Park, a freehold luxury condo. The unit is being offered through an expression of interest exercise (EOI) with a guide price of $15.8 million.

According to the marketing agent, Huttons Asia, the unit measures over 3,800 sq ft and is priced at approximately $4,158 psf. The unit boasts a 4m high ceiling and comes with a private lift. Three of the four bedrooms also have their own ensuite bathrooms. Additionally, the unit underwent a major renovation three years ago, with over $700,000 invested in the revamp, according to Huttons.

3 Orchard By-The-Park, located on Orchard Boulevard and completed in 2017, was designed by renowned Italian architect Antonia Citterio. The luxury development consists of three 25-storey towers and offers a total of 77 units. Ranging from two- to four-bedroom units measuring 1,066 sq ft to 3,800 sq ft, there are also penthouses available sized from 6,555 sq ft to 6,900 sq ft.

When it comes to investing in real estate, one crucial aspect to consider is the location, especially in Singapore. Condominiums that are situated in central areas or in close proximity to important amenities like schools, shopping malls, and public transportation hubs have a higher tendency to appreciate in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values. Additionally, condos located near good schools and educational institutions are highly sought after by families, making them even more desirable for investment. To maximize the investment potential, one should consider looking into Singapore Condos in these highly coveted areas.

Located near the bustling Orchard Road shopping belt, the development is also surrounded by reputable schools such as Anglo-Chinese School (Junior), Anglo-Chinese School (Primary), ISS International School (Elementary & Middle school Campus), and Singapore Chinese Girls’ School (Primary). The Orchard Boulevard MRT Station (Thomson-East Coast Line) is also conveniently situated nearby.

With the EOI closing on March 5 at 4pm, interested buyers can take advantage of this rare opportunity to own a luxurious unit at 3 Orchard By-The-Park. Check out the latest listings for the development and compare prices with other condominium properties in the area. You can also view the rental yield for 3 Orchard By-The-Park and explore other condo projects in District 10 with the most expensive average PSF.

RELATED NEWS:
– Accused money launderer faces seven new charges; spent lavishly on luxury goods, rental of bungalow, and luxury condos
– Ticket sizes for CCR condos dropped by 20% in 5 months
– Final tower of 3 Orchard By-The-Park launched; four units sold at prices ranging from $3,850 psf to $4,100 psf.…

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