Condo Format Dynamics

A prime 999-year leasehold conservation shophouse, located at 20 Liang Seah Street, has been put on the market for a price of $15 million. The sale will take place through an expression of interest (EOI) exercise by SRI Capital Market, the exclusive marketing agent for the property.

The importance of location cannot be stressed enough when it comes to investing in real estate, particularly in Singapore. In this country, the location of a condo plays a significant role in its value. Those situated in central areas or close to important amenities like schools, shopping centers, and public transportation hubs tend to have a higher appreciation in value over time. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently displayed strong growth in property values. As a result, families seeking to invest in a Singapore Condo are highly interested in these areas due to their proximity to reputable schools and educational institutions, making these condos extremely sought-after and further increasing their potential for investment.

The three-storey intermediate shophouse sits on a 1,129 sq ft plot and is zoned for both residential and commercial use with a gross plot ratio of 4.2 under the latest Master Plan. The total built-up area of the shophouse is 2,635 sq ft, making the guide price equivalent to $2,635 psf.

The ground and second floors of the shophouse have already been approved for restaurant use, while the top floor is currently leased out for residential use. Situated within the Beach Road secondary settlement conservation area, the property also has the potential for new extensions of up to five storeys, subject to approvals.

According to Low Choon Sin, Managing Partner of SRI Capital Market, the shophouse is an ideal investment opportunity for end-users such as F&B tenants or corporate offices. He notes that the residential space on the third floor can be utilized as accommodation for staff, making it a convenient option for businesses. The shophouse also boasts a noticeable frontage along Liang Seah Street, which experiences high vehicular traffic during the day. It is also in close proximity to popular eateries and retail outlets in Bugis.

Low adds that the strategic location of 20 Liang Seah Street presents investors with the opportunity to purchase a 999-year leasehold property that can be held for long-term gains, leveraging on the ongoing rejuvenation of Bugis. This includes the completion of new landmark developments such as Guoco Midtown and the upcoming Shaw Towers, which will further enhance the vibrancy of the area.

Interested parties can submit their bids for the EOI exercise until April 10.…

The tumultuous boardroom-family feud at City Developments has seemingly come to an end, as executive chairman Kwek Leng Beng has decided to withdraw legal actions against a faction of board directors led by his son and group CEO Sherman Kwek. In addition to Kwek Leng Beng and Sherman, two newly appointed independent directors, Jennifer Duong Young and Su Yen Wong, will remain on the board.

“All board members have agreed to put aside their differences for the greater good of CDL and its stakeholders. We remain committed to strengthening CDL’s business with a focus on good corporate governance, completing our landmark developments in Singapore and globally, expanding our brands under Millennium & Copthorne, continuing our capital recycling efforts, and, above all, maximizing shareholder value,” said Kwek Leng Beng in a statement on behalf of the board.

Investing in a condo in Singapore presents numerous benefits, one of which is the potential for capital appreciation. As a major global business hub, Singapore’s strong economy results in a constant demand for real estate. This has led to a consistent increase in property prices over the years, especially in prime locations where condos are highly sought after. With strategic timing and long-term ownership, investors can enjoy sizeable capital gains. Additionally, taking advantage of new condo launches can enhance the potential for even greater returns on investment.

As part of the resolution, Dr. Catherine Wu has resigned from her position as an independent director, with Kwek Leng Beng stating that she can no longer make allegations of corporate governance and justify the boardroom coup. This move signals an end to the public rift between Kwek Leng Beng and Dr. Wu, who had been at odds over the direction of the company.

Moving forward, the board is committed to working together towards the success of CDL, ensuring good corporate governance practices, and maximizing shareholder value. The company will also continue with its plans to complete its ongoing projects, expand its brands, and undertake capital recycling initiatives. With this resolution, CDL can now focus on its business goals and continue to deliver value to its stakeholders.…

Steve Leung Design Group (SLD), the renowned interior design practice founded by architect and designer Steve Leung, is embarking on a new venture in the European market with a partnership with Italian designer Andrea Bonini.

The Hong Kong-based company, which is listed on the stock exchange, has announced the establishment of its first branch company in Europe under the brand SLD . Andrea Bonini. This new studio will offer interior design services and products to clients in both Asia and Europe, spanning from high-end residences to luxury hospitality.

SLD . Andrea Bonini will make its grand debut in April at the Salone del Mobile, Milan’s annual furniture fair. The launch will also feature some of the brand’s latest products, including a smart home lighting collection created in collaboration with the leading smart home manufacturer Moorgen.

Assessing the potential rental yield is a crucial factor to consider when investing in a condo. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condo rental yields can vary greatly, depending on factors such as location, property condition, and market demand. For instance, areas near business districts or educational institutions often offer higher rental yields due to their high rental demand. Therefore, it is essential to conduct thorough market research and seek advice from real estate agents, Singapore Projects, to gain valuable insights into the rental potential of a specific condo.

This partnership marks SLD’s first foray into the international market. In a press release on March 11, the company expressed its eagerness to embark on this new business direction, which is centered on “rejuvenation, diversification, and globalization”. With over 28 years of experience and a strong competitive advantage in the market, SLD hopes to bring its unique ethos of design and better living to a wider audience around the world.…

Source: Capitaland Group

CapitaLand Group and Microsoft have signed a memorandum of understanding (Mou) to utilize artificial intelligence (AI) and advanced technologies in their operations. This collaboration will enable CapitaLand to join Microsoft Singapore’s AI Pinnacle Program, giving them access to Microsoft platforms, services, and solutions to improve customer engagement and operational efficiency in their funds, investments, retail, lodging, and development businesses.

Through this partnership, CapitaLand will explore potential areas of collaboration for infrastructure development and utilize Microsoft’s Azure cloud computing platform to enhance their data center design and products for CapitaLand Investment. The integration of AI, data analytics, and machine learning will also support CapitaLand’s digital and business transformation efforts.

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Singapore has become a sought-after destination for investors looking to enter the real estate market. Its robust economy, stable political climate, and high standard of living make it a prime location for investment opportunities. For those interested in the global financial hub, Singapore condos provide an ideal investment option. In this article, we will explore the benefits of investing in a Singapore condo, important factors to keep in mind, and the necessary steps to take to secure this type of investment.

One of the main draws of Singapore condos for investors is their convenience. These properties are strategically located in prime areas, providing easy access to major business districts, transportation hubs, and popular tourist destinations. This prime location makes condos highly desirable for both renters and buyers, promising a continuous demand and potential for high rental returns.

In addition to their convenient location, condos in Singapore come with a multitude of amenities catering to modern lifestyles. These can range from swimming pools and gyms to BBQ pits and round-the-clock security. The presence of such facilities adds value to the property, making it an attractive choice for both investors and residents.

High potential returns is another major factor to consider when investing in a Singapore condo. As the city continues to develop at a rapid pace, the real estate market has seen consistent growth in property values. With a high demand for condos, they offer a secure and profitable investment opportunity.

However, before making any investment in a Singapore condo, there are a few important factors to keep in mind. Among them is the location of the property; it is crucial to conduct thorough research and ensure that it is located in a desirable and stable area. It is also essential for foreign investors to understand the regulations and taxes surrounding foreign property ownership in Singapore.

The first step in investing in a Singapore condo is to determine your budget and financial goals. This will help narrow down your options and ensure that you make a sound investment. Enlisting the help of a reputable real estate agent can also be beneficial as they can guide you through the buying process and provide valuable insights into the market.

After identifying a suitable property, the next step is to conduct a thorough inspection and due diligence. This involves examining the property for any defects, understanding the rules and regulations of the condo development, and reviewing the property’s financial records.

Lastly, once all necessary checks have been completed, it is time to make an offer and negotiate the purchase price. It is crucial to have a clear understanding of the market and the value of the property to avoid overpaying.

To sum it up, investing in a condo in Singapore offers a plethora of advantages. From convenience and amenities to high potential returns, it is no surprise that condos are a top choice for both local and foreign investors. By carefully considering important factors and taking the required steps, a Singapore condo can be a valuable addition to any investment portfolio. So, invest in a Singapore condo now and reap the benefits of this ideal investment option.

Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, expressed excitement for this collaboration, stating that AI will play a crucial role in shaping their future operations and creating value for stakeholders.

Additionally, CapitaLand Investment (CLI) has also signed an MoU with the Singapore Business Federation (SBF) to develop a framework for digitalization and integration of AI in CLI’s retail ecosystem. This partnership will facilitate the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness. It will also focus on developing AI-focused competencies and skills among retail tenants.

With these strategic collaborations, Capitaland Group aims to stay ahead of the curve in their digital transformation journey and continue creating value for their stakeholders.…

For those interested in investing in Singapore’s thriving real estate market, it is crucial to understand the regulations and limitations surrounding property ownership for foreigners. While purchasing condominiums is relatively straightforward, owning landed properties is subject to stricter guidelines. It should also be noted that foreign buyers must pay the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their initial property purchase. Despite this added expense, the stability and potential for growth in the Singapore real estate industry continue to attract foreign investors. Stay informed about the latest opportunities by keeping a look out for upcoming new condo launches at New Condo Launches.

rateNow, CapitaLand Group has teamed up with tech giant Microsoft for a partnership that will see them utilizing cutting-edge artificial intelligence (AI) and advanced technologies in their business operations. The agreement, in the form of a memorandum of understanding (MoU), will allow CapitaLand to join Microsoft Singapore’s AI Pinnacle Program, granting them access to Microsoft’s platforms, services, and solutions.This collaboration between CapitaLand and Microsoft will focus on enhancing customer engagement and streamlining operational processes across CapitaLand’s various businesses, including its funds, investments, retail, lodging, and development sectors. As part of this, the two companies will explore potential opportunities for collaboration, such as leveraging Microsoft’s Azure cloud computing platform to develop data center designs and products for CapitaLand Investment, as well as incorporating AI, data analytics, and machine learning to further CapitaLand’s digital and business transformation efforts.ADVERTISEMENTCapitaLand Investment’s Group Chief Corporate Officer, Quah Ley Hoon, highlights the importance of this partnership to CapitaLand’s digital transformation journey, stressing how AI will play a crucial role in shaping the company’s future by optimizing operational efficiency and delivering value to stakeholders. In addition to this collaboration, CapitaLand Investment has also signed an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalization and AI integration across its retail ecosystem, furthering their efforts to stay at the forefront of innovation in the industry.As part of this MoU, CapitaLand Investment and SBF will work together to encourage the adoption and proof of concept for AI, data analytics, and cybersecurity solutions within CapitaLand’s retail ecosystem. They will also focus on developing AI-focused competencies and skills among retail tenants to increase their business efficiency and competitiveness. These initiatives reflect CapitaLand’s commitment to creating a truly digitalized and innovative company, continually seeking ways to improve their operations and deliver value to their stakeholders.…

A prime opportunity has arisen for potential buyers to acquire a diverse collection of 14 retail shops located at Peninsula Plaza, Sim Lim Square, and Far East Plaza. This rare offering is being marketed by ERA Realty Network, with a total asking price of $26.46 million.

A pair of units, boasting a combined strata area of approximately 990 sq ft, are situated at Peninsula Plaza – a 999-year leasehold mixed-use development on North Bridge Road. These ground-floor shops are being offered for $8 million, or $8,081 psf.

Completed in 1980, Peninsula Plaza stands tall at 30 storeys and comprises a six-storey retail podium, as well as a 24-storey office tower. Its enviable location is directly connected to the City Hall MRT Interchange Station, providing convenient access to both the North-South and East-West lines.

Meanwhile, at Sim Lim Square, 11 strata units spanning a total strata area of 5,081 sq ft are up for grabs. These units are zoned for commercial use and are all located on the fifth floor. They come with a 99-year lease that started in April 1983, with approximately 57 years remaining. Currently, most of the units are tenanted. The shops offer a direct view of the mall’s main atrium and are easily accessible via escalators and lifts.

These units are available for purchase either collectively or individually, with prices starting from $840,000 per unit. Alternatively, the entire portfolio is available for $15.855 million, which ERA has priced at a 20% discount from its latest valuation. This translates to a price of $3,120 psf on the strata area.

Located on Rochor Canal Road in District 7, Sim Lim Square is a strata-titled commercial development that was completed in 1987. It comprises 492 commercial units spread across six floors and two basement levels.

Lastly, the remaining retail unit for sale is situated on the second floor of Far East Plaza along Scotts Road. This freehold unit offers a strata floor area of 355 sq ft and is located near the escalator at the mall’s entrance. It is priced at $2.6 million, or $7,324 psf.

In order to invest successfully in Singapore, it is crucial for foreign investors to have a comprehensive understanding of the various regulations and restrictions surrounding property ownership. Unlike landed properties that have stricter ownership rules, foreigners are typically allowed to purchase condos with fewer limitations. However, foreign buyers are required to comply with the Additional Buyer’s Stamp Duty (ABSD) which stands at 20% for their first property purchase. Despite this additional cost, the stability and potential for growth in the Singapore real estate market remains a strong magnet for foreign investment. Singapore Projects are constantly drawing attention from international investors due to their attractive prospects.

Built in 1982, Far East Plaza is a freehold mixed-use development consisting of a five-storey retail mall and serviced apartments. Its prime location is within walking distance to Orchard Road MRT Station.

Donald Goh, director of capital markets and investment sales at ERA, believes that these properties will attract interest from both investors and business owners. He points out that despite the challenging market conditions, there were still 28 and 33 strata retail transactions recorded in the Downtown Core and Orchard Planning Area last year, respectively. Goh adds, “A ground floor unit at Lucky Plaza was recently sold for $15,242 psf, while units at Orchard Towers and The 101 were sold for $5,309 psf and $5,657 psf, respectively. This serves as a testament to the enduring appeal of strata retail shops as an attractive investment.”

The EOI exercise will close on April 17 at 3pm. For more information, interested parties can check out the latest listings for Peninsula Plaza properties.…

In a recent development, GuocoLand has successfully secured a green club facility worth $367.1 million from DBS Bank for its upcoming project in Faber Walk. This residential land parcel was awarded to the company, along with its joint venture partners TID and Hong Leong Holdings, through a Government Land Sale tender in November last year. The winning bid for the 277,659 sq ft site was $349.86 million, or $900 psf per plot ratio.

Investing in a condo in Singapore can offer numerous benefits, with capital appreciation being a major advantage. Singapore’s geographical location as a prominent business hub, combined with its robust economic foundation, creates a sustained demand for real estate. In recent years, the property market has consistently shown an upward trend, especially for condos in prime areas. By purchasing properties at the opportune moment and holding onto them for extended periods, investors can reap considerable capital gains. With the addition of Singapore Projects, the potential for capital appreciation in the condo market is further elevated.

The Faber Walk development will feature 399 residential units spread across nine low-rise blocks. It is located in the coveted landed private residential enclave of Faber Walk, adjacent to the well-established Faber Hills estate. The project boasts of a serene waterfront view, being situated right next to the Pandan River and the upcoming Old Jurong Line Nature Trail.

The $367.1 million green facility for the Faber Walk project complements GuocoLand’s commitment to sustainability across all its developments. This includes the renowned Guoco Tower on Wallich Street, Guoco Midtown on Beach Road, Midtown Modern on Tan Quee Lan Street and Lentor Mansion in Lentor Gardens.

The Faber Walk development is expected to achieve the prestigious BCA Green Mark Platinum (Super Low Energy) award, along with the Maintainability badge, upon completion. According to Dora Chng, the residential director of GuocoLand, the company aims to leverage its end-to-end value chain capabilities to create sustainable developments with biophilic designs for its residents, following the success of its previous launches like Lentor Modern and Lentor Mansion in the Lentor Hills estate.

The company’s next project is a joint development with Hong Leong Holdings, consisting of 941 residential units, on the Upper Thomson Road (Parcel B) site. This project, which was awarded in April last year, is expected to be launched in the second half of this year. With its focus on sustainability and a proven track record of successful projects, GuocoLand continues to be a leading developer in the industry.…

Investing in a condo has many advantages, one being the opportunity to use the property’s value for future investments. Numerous investors use their condos as collateral to secure extra financing for new ventures, consequently diversifying their real estate holdings. This tactic has the potential to increase profits, but it’s essential to have a solid financial plan in place and carefully consider the potential consequences of market fluctuations. Condos offer a unique opportunity for investment and growth in the real estate market.

Sentosa Cove house with Gaggenau and Sub-Zero appliances for rent at $35K The launch of Aurea in the highly sought-after Core Central Region (CCR) has set a new benchmark in luxury residential developments, with an impressive 30% of its 78 units sold at an average price of $3,005 psf in just one weekend.Located in the prime Downtown Core precinct, Aurea is a joint project by renowned developers Far East Organization and Perennial Holdings. The 45-storey project was designed by DP Architects with a unique “hanging garden concept”. It is also the first new private condominium to be connected to a mixed-use development that has been sold en bloc and conserved, now known as Golden Mile Singapore.A total of 23 units were sold in the first phase of the launch, which included a mix of two- to four-bedroom apartments from levels 4 to 16. This translates to an impressive 30% sales rate based on the 78 units released for sale. Aurea boasts a total of 188 units across its 45 storeys, with units ranging from two- to six-bedrooms.The overwhelming interest in Aurea is a testament to its prime and highly sought-after location in the CCR, known for its luxurious homes and central location. The joint developers have reported that 83% of buyers are Singaporeans, with the remaining 17% being permanent residents from Malaysia. This accounts for about 12.2% of total units, which is a strong sales performance considering the current market situation.According to Mark Yip, CEO of Huttons Asia, CCR projects typically sell between 10% to 30% of their units during the launch weekend as they tend to attract fewer HDB upgraders compared to suburban projects. However, the take-up rate for Aurea can be attributed to its unique design, prime location and strong lifestyle and investment potential.Proprietary CEO Ismail Gafoor notes that Aurea’s sales are encouraging, especially in the current market where sales for CCR projects have been lacklustre since the tightening of the Additional Buyer’s Stamp Duty (ABSD) measure in April 2023. He explains that the doubling of the ABSD rate for foreigners to 60% has significantly cooled interest in CCR homes. In fact, developers had the lowest sales recorded for new CCR private homes in 2024, with only 378 units sold – a sharp decline of 74% from 1,454 units sold in 2023.Nevertheless, Gafoor believes that the take-up rate for CCR homes will progressively improve, as CCR projects tend to attract interest over a longer period of time, usually selling units steadily over many months, unlike RCR and OCR projects which tend to achieve higher sales numbers during their launch weekend. He also notes that CCR homes are targeted towards a niche market seeking luxury living and finer experiences, thereby accounting for the gradual sales momentum.The joint developers have reported that the two- and three-bedroom apartments in the Prestige Collection have been the most popular among buyers, accounting for 74% of sales. These apartments are known for their functional and well-designed spaces, while also offering strong investment potential for owners.The remaining units in the Sky Villa Collection comprise of 18 five-bedroom apartments, with sizes of up to 3,251 sq ft, as well as two six-bedroom penthouses, with sizes of up to 8,816 sq ft. These large-format homes, located in the downtown area, are highly sought-after by buyers, with units offering expansive balconies, providing views of both Marina Bay and Kallang Basin.Many experts believe that the narrowing price gap between CCR and RCR residential properties in recent years is driving an increase in interest and sales for luxury projects such as Aurea. According to Ken Low, managing partner of SRI, the price difference between CCR and RCR properties used to average around 40% in the last 10 years, but it has now narrowed to just 20%. This trend, together with the expected rise in luxury project launches this year, is expected to drive up prices for CCR homes.In conclusion, Aurea’s strong sales performance during the launch weekend is a testament to its prime location and unique design, which sets a new benchmark for luxury living in the CCR. With ongoing urban renewal efforts in Singapore, such as the Greater Southern Waterfront and Kallang Alive master plan, combined with the completion of major infrastructural projects, Aurea is primed for strong growth and return on investment for its buyers.…

Are ECs still a good buy?On March 8, developer Sim Lian Group sold 682 units (90%) of its 760-unit executive condominium (EC), Aurelle of Tampines, located at Tampines Street 62. The average price achieved for these units was $1,766 psf.

Sim Lian Group’s executive condominium project, Aurelle of Tampines, located at Tampines Street 62, saw an impressive launch on March 8 with 90% of its 760 units sold. The average price of the units sold was $1,766 psf.

According to Sim Lian Group, all the four- and five-bedroom units have been taken up, and 84% of the three-bedroom units have also been sold. The executive director of Sim Lian Group Limited, Kuik Sing Beng, noted that the strong response to the project showcases the high demand for well-designed and conveniently located homes like Aurelle of Tampines in Singapore’s most connected regional centre.

For the latest updates on available units and prices for Aurelle of Tampines, interested buyers can refer to the official website.

PropNex CEO Ismail Gafoor commented that the average price of $1,766 psf has set a new benchmark launch price in the EC market, and the 90% launch take-up rate is the highest for a new EC project since the 531-unit Hundred Palms Residences was sold out on launch day in July 2017 at an average price of $841 psf.

Sim Lian also announced that the 30% quota allocated for second-timers was reached by 3.15 pm on the launch day. This quota will be lifted a month after the launch date.

Singapore is a city characterized by an impressive skyline and state-of-the-art infrastructure. A popular housing option in this bustling metropolis is the condo, strategically located in desirable areas. These modern residences offer a perfect combination of opulence and convenience, making them desirable to both locals and expatriates. With a wealth of facilities including swimming pools, fitness centers, and top-notch security services, condos provide a luxurious and comfortable lifestyle for their residents. This makes them a highly sought-after choice for potential tenants and buyers. Moreover, the presence of these amenities also benefits investors, as they can expect higher rental returns and a steady rise in property values in the long run. To capitalize on the growing demand for desirable properties, Singapore Condo is an ideal investment choice.

According to Eugene Lim, key executive officer at ERA Singapore, the take-up rate could have been even higher if there was no quota limit on second-timers. However, he added that these buyers will have another opportunity to ballot for a unit a month after the launch date.

Mark Yip, CEO of Huttons Asia, suggested that the government may want to increase the quota for second-timers buying an EC, aligning it with the recent increase in quota allocation for second-timers buying three-room and larger BTO flats.

PropNex’s Gafoor noted that about 68% of the buyers opted for the Deferred Payment Scheme (DPS) to finance their property purchases, while the remaining balance chose the Normal Payment Scheme.

Before the launch, more than 2,200 electronic applications (e-apps) were received after the project opened for preview on February 21. This is the highest e-app figure since Copen Grand, the first EC launched in Tengah, which attracted 2,300 e-apps in 2022.

Aurelle is the second EC to be launched in Tampines North, following the joint development of Qingjian Realty, Santarli Realty, and Heeton Holdings, the 618-unit Tenet. Since its launch in December 2022, Tenet has seen a take-up rate of 72% and is fully sold at an average price of $1,348 psf.

Prices at Aurelle of Tampines start from $1.417 million ($1,687 psf) for a three-bedroom unit measuring 840 sq ft; $1.689 million ($1,651 psf) for a four-bedroom unit measuring 1,023 sq ft; and $2.258 million ($1,665 psf) for a five-bedroom unit measuring 1,356 sq ft.

ERA’s Lim remarked that the project’s attractive pricing, strategic location, and unique features have made it a highly sought-after option for eligible first-time buyers and upgraders. Additionally, the EC’s proximity to ParkTown, a fully integrated mixed-use development with a transport hub, shopping mall, hawker centre, and community club, may have contributed to its strong sales.

ParkTown Residence, a joint venture between CapitaLand and UOL Group, saw an impressive take-up rate of 87% during its launch weekend on February 22-23, with 1,041 out of 1,193 units sold. To date, 1,043 units have been sold at an average of $2,361 psf.

Huttons’ Yip noted that Aurelle is the second EC to be located next to a fully integrated mixed-use development, following the first one, the 573-unit Esparina Residences in Sengkang, launched in October 2010 at an average price of around $748 psf. The average price of units sold from January 2024 to January 2025 based on caveats lodged is $1,625 psf, which is 117% higher.

In November last year, a 1,367 sq ft unit on the seventh floor of Esparina Residences was sold for $2.388 million ($1,747 psf), the second-highest psf price achieved at the project. The highest was for another 1,367 sq ft unit on the 14th floor, which was sold for $2.4 million ($1,756 psf) in November 2023, based on caveats lodged.

According to ERA’s Lim, new ECs are priced approximately $600 psf lower than new private condos in 2025. However, compared to resale condos in the suburbs or Outside Central Region (OCR), the average price of a new EC is only 1% higher. This, coupled with a fresh 99-year lease and modern facilities, makes new ECs a compelling choice for buyers. Interested buyers can also refer to the latest listings and price trend comparison for Aurelle of Tampines and other properties in the district.…

According to data compiled on Edgeprop Research, a 1,238 sq ft, three-bedroom unit at One Holland Village Residences achieved a new psf-price high of $3,781 when it was sold for $4.68 million on Feb 17. This is the first transaction at the 99-year leasehold development this year. The sellers had bought the unit in November 2023 at a price of $4.19 million, making a profit of about $490,000. The project’s previous record price was $3,426 psf for a four-bedroom unit sold by the developer for $7.15 million in August 2022. This development, located along Holland Village Way, comprises a mix of one- to five-bedroom units and is set for completion in 2029.A two-bedroom unit at boutique condo Hill House set a new psf-price high of $3,402 psf when it was sold for $1.538 million on Feb 21. This comes just four days after a previous record of $3,398 psf was set on Feb 16 from the sale of another two-bedroom unit for $1.536 million. The 72-unit development, located at the top of Institution Hill in District 9, has seen a total of nine units sold at an average price of $3,213 psf since the start of the year. It is expected to be completed in 2026.Chuan Park, a 916-unit development in District 19, saw a new psf-price high of $2,785 when a two-bedroom unit was sold for $2.04 million on Feb 19. This narrowly beats its previous record of $2,765 psf for a similar unit sold in November last year. The 99-year leasehold condo, comprising two- to five-bedroom units, is located near Lorong Chuan MRT Station and is set for completion in 2028.

One Holland Village Residences, a 296-unit development in District 10, witnessed a new psf-price high of $3,781 psf when a three-bedroom unit was sold for $4.68 million on Feb 17. This is the first transaction at the 99-year leasehold development this year, surpassing the previous record price of $3,426 psf set in August 2022. The sellers, who bought the unit for $4.19 million in November 2023, made a profit of about $490,000. The project, which is set for completion in 2029, comprises a mix of one- to five-bedroom units.

Boutique condo Hill House, located at the top of Institution Hill in District 9, saw a new psf-price high of $3,402 psf when a two-bedroom unit was sold for $1.538 million on Feb 21. This comes just four days after the previous record of $3,398 psf was set on Feb 16 from the sale of another two-bedroom unit for $1.536 million. The 72-unit development has seen a total of nine units sold at an average price of $3,213 psf since the start of the year. It is expected to be completed in 2026.

Chuan Park, a 916-unit development in District 19, witnessed a new psf-price high of $2,785 when a two-bedroom unit was sold for $2.04 million on Feb 19. This narrowly beats its previous record of $2,765 psf set in November last year. The 99-year leasehold condo, comprising two- to five-bedroom units, is located near Lorong Chuan MRT Station and is expected to be completed in 2028.

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The demand for condos in Singapore remains at an all-time high, largely attributed to the scarcity of land. As a compact island with a rapidly expanding population, Singapore grapples with limited land availability for development. As a result, the country has implemented strict land use policies, creating a cutthroat real estate market where property prices continue to soar. This has made investing in real estate, particularly condos, an attractive option, as it offers the potential for significant capital appreciation. In fact, with the addition of Singapore Projects, the condo market in Singapore only becomes even more competitive and promising for investors.

Overall, the week of Feb 16 to 21 saw a new record price set at One Holland Village Residences, Hill House, and Chuan Park. No new psf-price lows were recorded during this period.…