Condo Format Dynamics

When purchasing a Singapore condo, it is crucial to take into account the property’s maintenance and management. Maintenance fees are typically included in condo ownership and cover the maintenance of common areas and facilities. Although these fees may increase the overall cost of ownership, they also guarantee that the property remains well-maintained and maintains its value. Investors can make their condos a more passive investment by enlisting the services of a property management company to handle day-to-day management tasks.

CBRE’s 2025 Asia Pacific Hotel Investor Intentions Survey revealed that the Apac hotel sector is expected to experience ongoing investment activity in 2025. According to the consultancy’s findings, more than 72% of hotel investors surveyed in November and December of last year are planning to acquire additional hotel assets this year. Of these respondents, 45% said they plan to increase their purchasing volume by over 10%.

Steve Carroll, head of hotels, capital markets, Asia Pacific, CBRE, notes that after performing well over the past 18 months, investors are optimistic about the pricing expectations for hotel and living assets in Apac in 2025. This positive outlook is driven by a rebound in tourist arrivals in countries such as Japan, Singapore, and Australia. The increase in international visitors from key markets has pushed up hotel room rates in Apac, resulting in income growth for hotel operators in the region.

The healthy buying intentions are also fueled by the relatively limited hotel supply in Apac. According to data from hospitality data intelligence group STR, the hotel supply pipeline in Apac is projected to grow at a compound annual growth rate (CAGR) of 2.2% between 2024 and 2028. This is significantly lower than the 5% CAGR recorded from 2013 to 2023.

The survey found that Real Estate Investment Trusts (REITs) have the highest net buying intentions at 22%, a sharp increase from the -13% recorded in last year’s survey. The report notes that after several years of negative net investment intentions, REITs are now in a buying mode in 2025. Institutional investors and property funds follow closely with net buying intentions of 12% and 10%, respectively. CBRE also notes that private equity and real estate funds for hotels have become more active in 2024, and this momentum is expected to continue this year.

On the other hand, private investors and high-net-worth individuals are expected to drive fewer hotel acquisitions this year. After two years of being the most active buyer type in the region, private investors indicated that they plan to sell more assets in 2025 to capitalize on improving market sentiment after acquiring properties during a period of price dislocation.

Investors are primarily targeting upscale and upper midscale assets for investment in 2025, as the two categories were voted as the most attractive in this year’s survey. This marks a shift from last year’s survey, where the upper upscale category was the most preferred asset type. According to CBRE, investors now prefer the upscale and upper midscale segment because of its operational flexibility and potential for value-added opportunities. These include redevelopment, adaptive reuse, and rebranding of existing properties, which offer a more cost-effective alternative to new developments.

Investors are also increasingly embracing long-stay or hybrid hospitality models, such as co-living spaces. This trend is particularly evident in markets like Japan, Hong Kong, and Singapore, where there is a demand for affordable accommodation in relatively inflexible rental markets. Other emerging trends highlighted in the survey include a preference for assets with vacant possession at the time of acquisition, limited-service hotels, and a focus on minimizing operational costs.

In terms of preferred cities for hotel investments, Tokyo remains in the top spot, supported by low interest rates and stable income streams from hotels. Osaka also ranks among the top five cities for similar reasons. Singapore and Sydney also make the list due to their solid hotel fundamentals, including growth in daily rates and underlying operating profits. Seoul also stands out, as more visitors from mainland China have driven up daily rates, leading to increased investor activity in recent months.…

ETC and OrangeTee Group have announced their merger on Feb 24, forming a new holding company with a yet-to-be-revealed name. According to ETC CEO, Desmond Sim, this is not an acquisition, but rather a collaboration between the two companies.

Sim will continue to serve as CEO of ETC and will also take on the role of group CEO in the merged entity. Meanwhile, Justin Quek, CEO of OrangeTee & Tie, will be the deputy group CEO.

The new company will focus on consultancy and advisory services while OrangeTee will prioritize proptech and its real estate agency business, which is supported by 2,803 salespersons registered with the Council for Estate Agencies (CEA) as of Feb 24.

The combined entity will have a staff of over 520 in addition to the large salesforce. Sim believes that by leveraging each other’s expertise, resources, and networks, the new company will be able to drive growth, create value for stakeholders, and achieve the necessary scale in today’s dynamic real estate industry.

This merger builds upon the previous joint venture in August 2017, when the former Edmund Tie and OrangeTee merged their associate businesses under a new entity, OrangeTee & Tie. This joint venture propelled OrangeTee & Tie to the third spot among the top three agencies with a salesforce of over 4,000 agents. In this deal, the former Edmund Tie took a 20% stake in OrangeTee & Tie.

The latest merger between ETC and OrangeTee was made possible by Triplestar Holdings and TH Investments, both related to the family of Roland Ng, managing director and group CEO of Tat Hong Holdings. These entities acquired a stake in ETC through a management buyout in 2016. After some of the original shareholders retired, the company bought back their shares, increasing Triplestar and TH Investments’ stake to around 60%. Currently, Triplestar Holdings and TH Investments own 100% of ETC.

This year marks ETC’s 30th anniversary, a significant milestone for the company, according to Sim. In line with this celebration, ETC has rebranded to ETC.

As for OrangeTee Group, it was founded in 2000 and will also be celebrating its 25th anniversary this year. Led by the board of directors and supported by the C-suites, which include Quek, CEO of OrangeTee & Tie, Marcus Oh, managing director of OrangeTee Advisory, Teo Yak Huat, CFO, and Christine Sun, chief researcher and strategist, the company is an investment holding company.

Quek believes that with a strengthened brokerage and consultancy team and advanced proptech, they are well-equipped to deliver innovative and seamless solutions in all real estate sectors.

Major stakeholders in OrangeTee Group include Tokyu Livable Inc., which acquired a 22.5% stake in the company in 2014. Tokyu Livable is a subsidiary of Tokyu Fudosan Holdings, one of Japan’s largest real estate agencies with 198 offices nationwide. Private property fund Vogue Capital Group is also a shareholder.

When looking into an investment in a Singapore Condo, it is crucial to also evaluate the potential rental yield. The rental yield refers to the yearly rental income as a percentage of the property’s purchase price. The rental yields for condos in Singapore can significantly vary based on multiple factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those close to business districts or educational institutions, tend to offer higher rental yields. To gain valuable insights into the rental potential of a specific Singapore Condo, thorough market research and consultation with real estate agents are recommended.

Both Tokyu Livable and Vogue Capital will retain a stake in the new holding company post-merger, alongside Ng’s Triplestar Holdings and TH Investments.

Last year, ETC expanded its presence in the ASEAN region by opening an office in Johor Bahru through its joint venture company in Malaysia, Nawawi Tie. The company also has a presence in Penang and Thailand through its associate, Edmund Tie & Co (Thailand).

Sim believes that this merger will present more opportunities for the company in the ASEAN region and Japan, especially with the support of their relationship with Tokyu Livable.…

The joint developers of ParkTown Residence in Tampines North, UOL Group and CapitaLand Development (CLD), have reported a successful launch weekend with 1,041 units sold out of a total of 1,193 units, representing over 87% of the project. Anson Lim, UOL’s general manager of residential marketing, revealed that the project achieved an average selling price of $2,360 psf, with most buyers being either Singaporean homebuyers or investors.

The most popular unit types at ParkTown Residence are the two-bedroom and three-bedroom apartments, which make up 994 units or 83% of the project. These were also the most sought after during the launch, with 92% being sold out. According to the spokesperson for UOL and CLD, buyers were drawn to the project’s unique status as a fully integrated residential and lifestyle development, which is directly connected to a retail mall, the future Tampines North MRT station, a bus interchange, a green boulevard, a community club and a hawker centre.

To sum up, the decision to invest in a condo in Singapore offers a multitude of benefits, such as the consistently high demand, potential for appreciation of property value, and attractive rental profits. However, it is crucial to carefully examine various factors like location, financing options, government regulations, and market conditions before making a purchase. By conducting thorough research and seeking expert advice, investors can make well-informed decisions and maximize their returns in Singapore’s thriving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign purchaser seeking a stable and lucrative investment, investing in a condo in Singapore, with the help of Condo, presents a compelling opportunity.

Before its official launch, ParkTown Residence had already collected 2,367 cheques, translating to a sales conversion rate of 44%. This is significantly higher than the average conversion rate of 30% to 35% for most new project launches in recent years. Mark Yip, CEO of Huttons Asia, notes that no mega project has sold more than 1,000 units in a launch weekend since the 1,399-unit High Park Residences, which sold 1,100 units over three days in July 2015.

Located at Tampines Street 62, ParkTown Residence is part of the first mixed-use development integrated with a transport hub in Tampines. Marcus Chu, CEO of ERA Singapore, highlights that mixed-use developments integrated with transport hubs are popular among homebuyers and investors due to their potential for capital appreciation and high rental yields. The last two fully integrated developments to be completed were the 920-unit North Park Residences in Yishun, launched in 2015, and the 680-unit Sengkang Grand in Buangkok, launched in 2019. The average price of North Park Residences is $1,809 psf, 65% higher than the average resale prices of residential units in District 27. Meanwhile, Sengkang Grand’s average price is $2,029 psf, 25% higher than the average resale prices in District 19.

Tampines, the third largest HDB town, has attracted many HDB upgraders who desire to live in the area. Huttons’ Yip also notes that Tampines will benefit from new infrastructure developments by 2027, which includes a cycling bridge, an underpass, and another 7.7km of cycling paths, bringing the total to 40km. Additionally, there will be a new pedestrian route between Tampines MRT station and the malls in the regional centre, as announced in the Tampines Town Council’s five-year masterplan for 2025 to 2030. According to SRI’s Ken Low, the completion of ParkTown Residence in 2030 coincides with the scheduled opening of the Tampines North MRT Station on the Cross Island Line (CRL), and the relocation of the neighbouring Paya Lebar Airbase in the same year. These developments are expected to further enhance the liveability of Tampines, which already has strong attributes.…

Investing in a property has always been a valuable venture, and in Singapore, the trend of investing in condos has been gaining popularity among both local and international investors. The city-state’s strong economy, stable political climate, and exceptional living standards make it an attractive location for real estate investments. With a multitude of opportunities in the real estate market, condos in Singapore are a standout option, offering convenience, lucrative amenities, and potential for high returns. In this article, we will delve into the advantages, considerations, and necessary steps for investing in a Singapore condo from the experts at Singapore Condo.

On February 22, MCL Land and CSC Land Group successfully sold 326 of the 501 units at their joint venture project, Elta, located in Clementi Avenue 1. This translates to a sales rate of about 65% with an average price of $2,537 psf.90% of the buyers were Singaporeans while the remaining 10% were permanent residents. The highest number of buyers came from districts 19, 5, and 23. The two-bedroom units were the most popular among buyers, with 98% of the 179 units sold at prices starting from $1.388 million ($2,261 psf). The 108 three-bedroom units were also in high demand with 81% of them being sold at prices starting from $2.198 million. The one-bedroom plus study units were also popular, with 78% being snapped up from $1.158 million.Over 60% of the units sold were the one-bedroom and two-bedroom types, with prices below $2.2 million. According to Ismail Gafoor, CEO of PropNex, the strong sales indicate the confidence of buyers in a development that offers modern living, convenience, and comfort. Lee Tong Voon, CEO of MCL Land, the Singapore-based development arm of Hongkong Land, also expressed confidence in the project, stating that the sales numbers speak to the appeal of the development that seamlessly blends modern living with convenience and comfort. This project is the third private condo to be launched in Clementi Avenue 1 after the 505-unit The Clement Canopy and 640-unit Clavon, which were both jointly developed by UOL Group and Singapore Land Group. According to Ken Low, managing partner of SRI, there are no more development plots available in Clementi town center. The high sales numbers can be attributed to the track record of these projects, with zero unprofitable transactions registered since their launch.The average selling price of The Clement Canopy has risen by 45% to $1,922 psf since its launch in February 2017, according to caveats lodged. Similarly, the average selling price of Clavon has increased by 27% to $2,086 psf since its debut in December 2020. Two-bedroom units at The Clement Canopy, ranging from 624 to 732 sq ft, were leased out at $4,200 to $4,700 per month, or $5.60 psf to $6.42 psf per month in January and February. As for Clavon, the latest rental transaction was for a 764 sq ft, two-bedroom unit that was leased out for $4,600 or $6.02 psf per month.The prime location of Elta, near employment nodes such as the National University of Singapore (NUS), one-north, Pandan Loop Industrial Estate, the Science Park, Jurong Lake District, and the future Dover Knowledge District, has also been a major attraction for buyers. Additionally, the development is well-connected to major public transportation such as the Clementi MRT Station and the upcoming Cross Island Line, which will run from east to west of Singapore, with a station at Clementi. According to Mark Yip, CEO of Huttons Asia, the upcoming Cross Island Line will enhance the connectivity in Clementi and potentially increase the quality tenant pool for Elta. The various nature parks nearby, such as Clementi Woods Park, West Coast Park, and Kent Ridge Park, also offer residents easy access to green spaces.Elta is also in the educational belt, with schools such as Nan Hua High School, NUS High School of Mathematics and Science, and Anglo-Chinese School (Independent) nearby. Tertiary institutions such as NUS, Singapore Polytechnic, and United World College of South East Asia (Dover Campus) are also close by. Given the convenience and accessibility to quality education, Elta is an ideal location for families with children. Families with more than one child can opt for bigger units, such as the four-bedroom units, while those with one or two children may opt for the one-bedroom or two-bedroom units, respectively.According to Consensus Consultants, two-bedroom units at The Clement Canopy can fetch rentals of $4,200 to $4,700 per month, while two-bedroom units at Clavon can fetch $4,600 per month. These rates translate to a rental yield of between 2.1% and 2.7% for Elta’s two-bedroom units. Given the strong demand for properties in Clementi and Queenstown areas from HDB upgraders, according to Marcus Chu, CEO of ERA Singapore, Elta will likely continue to remain popular with investors. He estimates that over 2,500 HDB units have reached their Minimum Occupation Period (MOP) since 2021, and about 1,100 units are set to do so in 2025.These are a few other reasons why Elta has been so successful in attracting buyers. The development is also in close proximity to amenities such as shopping malls, supermarkets, and restaurants, making it extremely convenient for its residents. On February 22-23, a total of 1,041 units were sold at ParkTown Residence, another upcoming development in the area. Combined with Elta’s sales numbers, the total sales for the first two months of 2025 have surpassed the sales numbers for the whole of January. This record indicates that the sales momentum from the end of 2024 has carried on into the new year, and we can expect the primary market to remain active in 2025 with an improved sentiment. All these factors lead us to revise our earlier estimate of 7,000 to 8,000 new homes sales for 2025 to a new estimate of between 7,500 and 8,500 units, with a 4% to 7% projected price growth.…

for $adb1.1 billion

CapitaLand India Trust (CLINT) has announced its plans to acquire an office project in Bangalore, India for $233.6 million. This acquisition will be made through a forward purchase agreement with Maia Estates Offices.

The group believes that the acquisition of this 1.13 million sq ft office project will have a positive impact on earnings and distributions for unitholders. On a stabilized basis, CLINT is forecasted to earn a net profit of $7.7 million, while distribution per unit is expected to increase from 6.84 cents to 6.98 cents.

The office project is a part of a mixed-use development that includes office and retail space. As part of the forward purchase agreement, CLINT will fully fund the development of the office project and receive interest on the funding at a higher rate than its borrowing cost.

Looking to expand your real estate portfolio internationally? Check out our available projects around the world.

Upon the completion of the project, expected in the first half of 2030, CLINT will acquire the office space while Maia will retain the retail portion. This will increase CLINT’s operational area in Bangalore to 9.9 million sq ft, up from the current 8.7 million sq ft. The other properties under development in Bangalore are two office buildings in Gardencity, an IT Park at Hebbal, and an IT park at ITPB.

Purchasing a condominium in Singapore offers a multitude of advantages, one of which is its potential for capital growth. The country’s strategic location as a global business hub, coupled with its strong economic foundations, ensures a consistent demand for real estate. In recent years, the value of properties in Singapore has continually increased, particularly in prime locations where condos have enjoyed significant appreciation. Savvy investors can take advantage of this trend by investing in a property at the right time and holding onto it for the long term, resulting in substantial gains. It is advisable to keep an eye out for new condo launches, such as the ones offered by New Condo Launches, to fully capitalize on this opportunity.

With this new acquisition, CLINT’s portfolio, including the committed investment pipeline, will increase by 4.0% from 30.2 million sq ft to 31.47 million sq ft.

“The acquisition of this strategically located office project will further strengthen CLINT’s presence in Bangalore, one of India’s most prominent office markets. In 2024, Bangalore had the highest ever leasing levels for Grade A office space. The Outer Ring Road (ORR) micro-market is the largest office market in Bangalore. With the addition of this prime office property, we will be able to offer our tenants a larger selection of premium office spaces in key micro-markets of Bangalore,” says Gauri Shankar Nagabhushanam, CEO of CLINT.

On Feb 21, units in CLINT closed at $1.…

Sim Lian Group has announced the opening of its new executive condominium, Aurelle of Tampines, for e-application on February 22nd. Located at Tampines Street 62 in Tampines North, this 760-unit EC is the first new launch of 2025.

.

In summary, purchasing a condominium in Singapore comes with a multitude of benefits, including high demand, potential for increased value, and attractive rental returns. Nonetheless, it is crucial to carefully evaluate various aspects such as location, financing options, government regulations, and the current market conditions before making a decision. By conducting thorough research and seeking expert guidance, investors can make well-informed choices and maximize their profits in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to expand your portfolio or a foreign buyer seeking a secure and profitable investment, Singapore’s condo developments, such as Singapore Projects, offer a compelling opportunity.

The development is just a short five-minute walk from the upcoming Tampines North Transport Hub, which includes the Tampines North MRT Station on the Cross Island Line, set to open in 2030. It will also feature an air-conditioned bus interchange and is integrated with the mixed-use development, ParkTown Mall, Community Club, Hawker Centre, and ParkTown Residence. The nearby 1,093-unit ParkTown Residence will also be officially launched for sale on February 22nd.

Aurelle of Tampines is spread across 14 14-storey residential blocks on a site area of 301,391 sq ft. The units are designed for young professionals and growing families, offering a mix of three- to five-bedroom units.

Advertisement

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

Next door to Aurelle of Tampines is the Tenet EC, a 618-unit development by joint developers Qingjian Realty and Santarli Realty. Launched in December 2022, the project has sold 617 units at an average price of $1,385 psf. The highest transacted price on a psf basis was for a 1,367 sq ft unit that sold for $2.26 million ($1,651 psf) in December. As of February 21st, Tenet has just one available unit for sale.

E-application for Aurelle of Tampines will begin on February 22nd and end on March 4th, with sales bookings commencing on March 8th. The appointed marketing agents are ERA, Huttons, OrangeTee, and PropNex.

Under the current EC regulations, during the initial launch (the first 30 days), 70% of the project has to be allocated to first-time buyers, with only 30% open to second-timers. Buyers can browse the latest listings for Aurelle of Tampines, Tenet, and Parktown Residence properties on the Ask Buddy platform, which also offers condo listings, rental transactions, and price trends for District 18.…

River Valley Apartments, a freehold condominium located along River Valley Road, has been successfully sold for a whopping $56 million. This deal marks the first successful residential collective sale transaction of 2025. The selling price translates to a land rate of $1,622 per square foot per plot ratio (psf ppr).

.

In summary, investing in a condominium in Singapore provides several benefits, including a high demand for properties, potential for increased value, and attractive rental returns. However, it is crucial to carefully evaluate various factors such as the location, financing options, government regulations, and market conditions before making any decisions. Through thorough research and seeking expert advice, investors can make informed choices and maximize their profits in Singapore’s dynamic real estate market. Whether you are a local investor looking to expand your portfolio or a foreign buyer seeking a stable and lucrative investment, condos in Singapore offer a compelling opportunity for success.

According to a press release by Knight Frank Singapore, the marketing agent for the transaction, the buyer is a Singapore-based family office. The buyer intends to redevelop the site into serviced apartments. The Urban Redevelopment Authority (URA) has already granted an Outline Permission for the development of serviced apartments on the site.

Chia Mein Mein, the head of capital markets (land and collective sale) at Knight Frank Singapore, says, “The successful sale of River Valley Apartments is a significant achievement in a challenging collective sale market, especially for the residential sector.”

This transaction is the first residential collective sale site to be sold in a prime district since May 2023, when Kew Lodge was sold for $66.8 million to Aurum Land. “The collective sale tender for River Valley Apartments attracted a lot of interest,” adds Chia. She also mentions that the site’s appeal is due to its highly desirable location in the popular River Valley neighborhood. With its redevelopment into a serviced apartment project, the site is perfectly positioned to tap into the growing demand for such living spaces in Singapore.

River Valley Apartments comprises a four-storey building with 24 units. The site, which spans 12,408 square feet, is zoned for “residential” use and has a gross plot ratio of 2.8 under the latest Master Plan. The owners of River Valley Apartments launched the collective sale of the development on January 7, with a guide price of $56 million.

Jerry Tan, the chairman of the River Valley Apartments collective sale committee, shares, “We have attempted to initiate a collective sale in the past, and this is the first time we have secured the consensus of 80% of owners to proceed with the tender launch.” Interested buyers can check out the latest listings for properties in River Valley Apartments.

To make it easier to browse available listings, we have compiled a list of properties for sale at River Valley Apartments on Ask Buddy. You can also find out if there have been any unprofitable transactions in River Valley Apartments and compare the price trend of HDB, condo, and landed properties in the area. For more information, you can also view the sale transactions for River Valley Apartments and check if there are any condo rental listings in District 10.…

Located in the prime district of District 15, 8M Residences has once again set a new record for the highest psf-price for a private condo for the week of Feb 1 to 7. The freehold development achieved a new high of $2,384 psf when a two-bedroom unit spanning 646 sq ft on the 15th floor was sold for $1.54 million on Feb 3. This is the first time a unit at 8M Residences has been sold for more than $2,300 psf, surpassing the previous peak of $2,261 psf set in April 2023. In addition, another unit at 8M Residences was sold during the period, reaching a new peak price of $2,275 psf when a 527 sq ft, one-bedroom unit on the 11th floor was transacted for $1.2 million. 8M Residences has seen steady growth in its resale prices over the years, with an average increase of 7.3% per year from $2,028 psf in February 2022 to $2,177 in February 2025.

Finding the perfect location is of utmost importance when it comes to real estate investment, and this is particularly true in the vibrant city of Singapore. Condominiums situated in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs are known to have a higher appreciation value. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. Additionally, condos located near reputable schools and educational institutions are highly sought after by families, making them an even more attractive investment choice. With all these factors taken into consideration, it is clear that a condo in a prime location is a solid investment in Singapore’s real estate market.

Located in the prestigious District 15, 8M Residences is a 20-storey residential tower with 68 units, comprising of one- to three-bedroom units ranging from 517 to 1,421 sq ft. It also offers four penthouses ranging from 1,184 to 1,841 sq ft. The condo is within walking distance of amenities such as EtonHouse International Research Pre-School, Mountbatten Road, Katong Swimming Complex, Wilkinson Road, and Katong Park MRT Station. The recent sale at 8M Residences is the first in a string of notable transactions in the private condo market for the week of Feb 1 to 7. Taking second place on the list is Kovan Jewel, a freehold condo located along Kovan Road in District 19. A 1,076 sq ft unit on the second floor was sold by the developer for $2.41 million on Feb 7, setting the highest psf-price at the development to date, at $2,236. Kovan Jewel, with 34 units, offers a mix of one- to three-bedroom units from 624 to 1,345 sq ft, as well as four-bedroom penthouses from 1,237 to 2,153 sq ft. Lastly, boutique condo Oleanas Residence, located along Kim Yam Road in District 9, achieved a record-breaking price for the week when a 1,141 sq ft, three-bedroom unit on the sixth floor was sold for $2.52 million on Feb 3. This sets a new high of $2,207 psf at the condo, surpassing the previous record of $2,157 psf. Oleanas Residence offers freehold ownership, and has just seen four resale transactions in the last three years. Amenities within walking distance include Great World MRT Station on the Thomson-East Coast Line, Fort Canning MRT Station on the Downtown Line, and several educational institutes such as River Valley Primary School along River Valley Green and Outram Secondary School along York Hill.…

Condo prices in District 10 rise 15% to new high this yearSponsored post04 Mar 2024
In the period of Feb 4 to Feb 7, the luxury development Nassim 9 recorded the most lucrative private non-landed resale transaction. The sale involved a four-bedroom unit spanning 2,486 sq ft situated on the third floor, which was sold for a whopping $7.5 million, or $3,016 psf, on Feb 7.

According to data from URA caveats, the seller had previously purchased the unit in December 2005 for $4.12 million ($1,641 psf). This means that they made a profit of $3.42 million, which translates to 83.8% of their original purchase price. This also translates to an annualised gain of 3.2% over a span of 19 years.

The transaction is also the third most profitable resale transaction at Nassim 9 so far. The current record was set in March 2023, when a larger four-bedroom unit spanning 2,756 sq ft, was sold for $9.5 million ($3,448 psf). The unit was purchased for $4.12 million ($1,495 psf) in December 2005, and the seller made a profit of $5.38 million, or 130.6%, representing an annualised gain of 5% over a span of 17 years.

Prior to the unit sold on Feb 7, the last transaction at Nassim 9 was recorded in March 2023, where a four-bedroom unit spanning 3,251 sq ft was sold for $10.3 million ($3,169 psf). This translates to a profit of $3.3 million for the seller.

Nassim 9 is a boutique condo located along Nassim Road in the prime District 10. The development has only eight units, all of which have four bedrooms and span between 2,756 and 3,423 sq ft. It was completed in 2002.

The most profitable transaction during this period occurred at Mount Faber Lodge, a freehold development, where a triplex penthouse unit was sold for $5 million ($1,350 psf) on Feb 5. The unit was last sold in August 2001, for $1.6 million, giving the seller a profit of $3.4 million, or 212.5%, which translates to an annualised gain of 5% over a span of 23.5 years.

This sale is also the most profitable unit transacted at Mount Faber Lodge to date. The previous record was held by a three-bedroom unit spanning 2,669 sq ft, sold for $3.89 million ($1,457 psf) in October 2022. The unit was purchased for $1.3 million ($487 psf) in January 2006, and the seller made a profit of $2.59 million, or 199.2%.

Mount Faber Lodge was completed in 1983 and has 84 units, consisting of studio units spanning 1,098 sq ft, two- and three-bedroom units from 1,173 to 2,454 sq ft, and 20 five-bedroom triplex penthouses from 3,703 to 3,724 sq ft.

The third most profitable resale transaction during this period was at Amaryllis Ville, a 99-year leasehold condo in the prime District 11. The 1,238 sq ft, three-bedroom unit on the 28th floor was sold for $2.65 million ($2,141 psf) on Feb 5. The unit was last sold in June 2005, for $1.09 million, giving the seller a profit of $1.56 million, or 142.2%. This translates to an annualised gain of 4.6% over a span of 19.5 years.

The most profitable unit sold at Amaryllis Ville to date was a three-bedroom unit spanning 1,991 sq ft on the 17th floor, which was sold for $3.75 million ($1,885 psf) in September 2023. The unit was purchased for $1.95 million ($979 psf) in June 2009, giving the seller a profit of $1.8 million, or 92.5%. This also translates to an annualised gain of 4.7% over a span of 14 years.

Based on resale data from EdgeProp Singapore, resale prices at Amaryllis Ville have been consistently increasing in recent years. In February 2023, the average price hit $1,897 psf, which rose to $2,001 psf in February 2024. In February 2024, the average price hit $2,082 psf, representing a 4% year-on-year increase.

When contemplating an investment in a condominium, it is essential to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can vary significantly depending on factors such as location, property condition, and market demand. In areas with high rental demand, such as those near business districts or educational institutions, the rental yields tend to be more lucrative. Conducting thorough market research and seeking advice from real estate agents can provide valuable insights into the rental potential of a specific condo. For instance, checking out New Condo Launches can offer further insights into potential rental yields.

Amaryllis Ville was completed in 2004 and has 311 units, consisting of one- and two-bedroom units spanning 657 to 1,378 sq ft, and three-bedroom units from 958 to 2,637 sq ft. There are also 20 five-bedroom triplex penthouses from 3,703 to 3,724 sq ft. Nearby condominiums include the 129-unit Rochelle at Newton along Keng Lee Road and the 378-unit Kopar at Newton along Makeway Avenue.

There were no unprofitable transactions recorded during this period. Looking to rent or buy a luxury condo? Check out the latest listings for Nassim 9 and other condominium properties nearby.…

Heeton Holdings, a Singapore-based property developer, has announced a significant increase in earnings for the 2nd half of the financial year 2024 (2HFY2024) which ended on December 31, 2024. The company reported a 221% year-on-year (y-o-y) rise in earnings, totaling $3.85 million. However, for the full fiscal year of FY2024, Heeton Holdings remains in the red. For the 2HFY2024, earnings per share were reported at 0.79 cents per ordinary share. However, for the entire FY2024, losses amounted to 0.28 cents per share. The growth in revenue for the 2HFY2024 was recorded at 10.5% y-o-y, reaching $41.1 million. For the FY2024, revenue grew by 15.2% y-o-y, totaling $78.2 million. The increase in revenue can be attributed to higher occupancies in the United Kingdom and a rise in rental rates for the group’s investment properties. The group’s turnover for the 2HFY2024 was driven by rental income from investment properties, hotel operations income, and management fees. During the fiscal year 2024, the company divested some of its subsidiaries, including its 70% stake in Gloucester Corinium Avenue Hotel Limited and Ensco 1154 Limited. This resulted in a net gain of $3.78 million. Approximately $418.83 million of the company’s asset value is comprised of property, plant, and equipment, primarily consisting of hotel properties. The increase in the asset value was primarily due to the acquisition of a hotel in Edinburgh, United Kingdom, which added $16.92 million to the company’s balance sheet. This was partially offset by depreciation charges and the disposal of hotels in Japan and the United Kingdom. The company saw a decrease in cash and cash equivalents of $32.70 million, resulting from both major cash inflows and outflows. Cash proceeds from the sale of property, plant, and equipment totaled $26.43 million, while proceeds from the disposal of subsidiaries amounted to $11.37 million. However, there were also significant cash outflows during this period, including a net repayment of loans from associated and joint venture companies totaling $24.45 million, additions to property, plant, and equipment of $40.36 million, and restricted cash pledge for bank facilities amounting to $22.98 million. In light of the uncertainty surrounding Singapore’s economic outlook and the changing geopolitical landscape under the Trump administration, Heeton Holdings has adopted a cautious approach to its strategic expansion. Despite the challenges faced by the hospitality industry, including high operating and labor costs, rising interest rates, and an uncertain macroeconomic environment, the company remains focused on providing high-quality, experiential stays for its guests as a bespoke boutique brand. Heeton Holdings continues to participate in land tenders for residential properties in Singapore, often as part of a consortium. Additionally, the company’s two retail malls are expected to generate steady and recurring income for its real estate investment business. For the current fiscal period, the company has declared a final dividend of 0.5 cents per share. On February 20, shares in Heeton Holdings closed 0.5 cents lower, or 1.818% down, at 27 cents.

Investing in real estate requires careful consideration of various factors, with location being a crucial one. This is especially true in Singapore, where the value of condos is largely influenced by their location. Condominiums situated in central areas or within close proximity to important amenities, such as schools, shopping malls, and public transportation hubs, are known to appreciate more in value. For instance, areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown an upward trend in property values. In addition, condos located near reputable schools and educational institutions are highly sought after by families, making them an even more desirable investment. With the addition of Singapore Projects, the potential for growth and return on investment is further amplified in these prime locations.…