Condo Format Dynamics

Singaporean entrepreneur and boutique property developer Que Neo, the man behind Euro Properties, is looking to create luxurious residential projects in his ideal living location. His latest venture, K Suites, is set to be completed by subsidiary EG Properties and is a 19-unit apartment block located along Lorong K Telok Kurau in the highly sought-after East Coast area of District 15. The project is expected to receive its temporary occupation permit (TOP) in 1Q2025.

K Suites boasts a prime location with easy access to popular destinations such as the beach, East Coast Park, shopping centers, the Central Business District (CBD), and Changi Airport. Neo explains, “With the East Coast Parkway and Pan-Island Expressway, it takes just 10 minutes to reach the airport and downtown.”

One of the main selling points of K Suites is its proximity to public transportation and renowned schools in the area. The nearest bus stop is less than 50 meters away, and from there, the Marine Parade station on the Thomson-East Coast Line (TEL) and Eunos station on the East-West Line (EWL) can be reached in just two stops. The Eunos station is only one stop away from the Paya Lebar Interchange (serving the EWL and Circle Line) and five stops from Bugis Interchange (serving the EWL and Downtown Line). The Marine Parade station is five stops from the Marina Bay Interchange (serving the TEL, North-South, and Circle Lines) and six stops from Shenton Way in the CBD. The TEL offers direct train access to Orchard Road and Woodlands North, which also serves as the Rapid Transit System (RTS) Station connecting Singapore to the Bukit Chagar Station in Johor Bahru.

K Suites is conveniently located just two doors away from the popular preschool, PCF Sparkletots @ Joo Chiat, making it ideal for families with young children. Within a 1km radius of Telok Kurau are highly sought-after primary schools, such as Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary. Prestigious secondary schools, including Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School, are also in close proximity.

The apartments at K Suites are designed by JGP Architecture and feature a sleek and contemporary aesthetic with its curtain wall system. The glass exterior allows natural light to flood in and offers unobstructed views of the surrounding neighborhood. The apartments have well-designed layouts with ceiling heights ranging from 3.5m to 4.5m, while the duplex penthouses boast a generous ceiling height of 7m. Neo highlights, “The apartments have no bay windows or wasted corridors, resulting in more spacious and efficient interiors.”

The apartments are fitted with top-of-the-line German brand appliances, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings. Residents can enjoy various facilities, such as a swimming pool, Jacuzzi, BBQ pit, lounge area, gym, outdoor fitness area, and playground. The project also features a grand arrival and drop-off area, and the surface car park has facilities for 16 cars and two electric vehicle charging stations.

Since its preview in September 2022, the first phase of 10 units has been sold as of February 2025. The buyers comprise mostly of Singaporeans, including professionals such as doctors, lawyers, and corporate executives, according to Neo. K Suites offers a range of units, including four three-bedroom units (797 to 872 sq ft) and 11 four-bedroom units (1,076 to 1,130 sq ft). The three five-bedroom penthouses (1,625 to 1,679 sq ft) are family-friendly, and one is already sold to a family with four children.

Neo shares that most buyers are upgraders looking for a freehold property in District 15. Some buyers are downsizing from a house to an apartment and prefer ground-level units with a ceiling height of 4.5m, which overlooks the landscaped garden and facilities.

Investing in a condo has numerous advantages, one being the opportunity to use the property’s value to secure additional investments. This means that investors can use their condos as collateral to obtain financing for new investments, allowing them to grow their real estate portfolio. While this strategy can potentially increase returns, it also carries risks. Therefore, it is essential for investors to have a solid financial plan in place and carefully consider the potential impact of market fluctuations on condo values.

According to Neo, “K Suites is the most affordable new freehold project in District 15.” With the imminent TOP and positive market sentiment, developer Euro Properties is releasing the remaining units in the development. Three-bedroom units at K Suites are now priced from $2.058 million ($2,582 psf), while four-bedroom units are starting at $2.525 million ($2,347 psf). The only available five-bedroom penthouse is tagged at $3.5 million ($2,154 psf).

Data from Huttons Data Analytics reveals that boutique developments in District 15 have seen a significant price appreciation of over 100% since their launch. Some examples include Malvern Springs, which has seen a 234.2% increase in prices since its launch in January 2002. In the past five years (January 2020 to December 2024), monthly median rents in boutique condos in Telok Kurau and Joo Chiat, such as the 127-unit Coralis, have risen by 76.5%.

District 15 has always been a popular choice for expatriate tenants due to its lifestyle offerings, including its proximity to the East Coast Park, the beach, and a wide variety of dining and shopping options. K Suites is also expected to attract investors looking for a well-located and exclusive property.…

Perched on the side of the road, the real estate market has been on a rollercoaster ride in 2024. However, the latest market report from Savills Singapore indicates that landlords can expect flat rental growth in the coming year despite a modest rebound of 0.2% q-o-q in private housing rents in 4Q2023.In 2023, the non-landed private residential market recorded modest declines in the first three quarters, contributing to an overall decrease of 1.7% for the entire year. This marks the first full-year decline since the leasing market saw a drop of 0.5% y-o-y in 2020.According to Savills, the decrease in net new rental demand last year, coupled with a seasonal slowdown in rental activity towards the end of the year, has resulted in a quarterly fall of 24.2% in leasing transactions, with a total of 19,733 transactions in 4Q2023.This decline in leasing activity has been attributed to a 30.8% q-o-q decrease in rental contracts for landed homes across the island, as well as a 23.7% q-o-q decrease in leasing volumes for apartments and condos.“Despite the overall decrease in leasing activity in 4Q2023, there is still some growth in rental demand, and rents in the private residential market have stabilized,” says George Tan, managing director of Livethere Residential at Savills Singapore.He adds that the suburban areas offer relatively affordable rents, allowing tenants to prioritize lifestyle options such as larger units, proximity to MRT stations, malls, and recreational activities.According to rental data compiled by Savills, Parc Esta, a 1,399-unit development in District 14, saw the most condo leasing deals in 4Q2023, with a total of 163 transactions and a median rent of $6.84 psf per month (pm). Other high-performing developments include Marina One Residences (126 transactions at $6.62 psf pm), The Sail @ Marina Bay (126 transactions at $6.72 psf pm), Normanton Park (120 transactions at $6.26 psf pm), and D’Leedon (107 transactions at $5.43 psf pm).In terms of rental price growth, the Outside Central Region (OCR) was the only region to experience a decline of 0.8% q-o-q in average rents in 4Q2023. In contrast, rents in the Core Central Region (CCR) and Rest of Central Region (RCR) saw an increase of 0.9% q-o-q and 0.3% q-o-q respectively.According to Savills, this decline in rental prices in the OCR could be attributed to an influx of tenants from suburban areas to more central neighborhoods in search of more reasonable rents.Based on a basket of luxury properties tracked by Savills, the average monthly rent of high-end condos increased by 1.7% q-o-q in 4Q2023 to $5.85 psf pm, indicating a possible rebound in the luxury rental market after five consecutive quarters of decline.Looking to the future, landlords may face challenges in the rental market as companies continue to reduce headcount and hire fewer expatriates, says Alan Cheong, executive director of research and consultancy at Savills Singapore. In addition, landlords might also face higher property taxes for non-owner-occupied residential properties and increased conservancy charges due to inflationary pressures.However, although the rental market saw a turnaround in 3Q2023 and continued its rise in 4Q2023, challenges are expected to persist in 2025 due to fewer new completions of private homes this year. Furthermore, the fear of high property taxes on investment properties could turn landlords away from accepting below-market rental rates. Cheong also predicts that low-interest rates may take longer to decline, leading to a longer period of continued mortgage payments.The adoption of AI could lead to a decrease in manpower requirements for high-tech firms, resulting in a decrease in the number of white-collar professionals employed and a possible reduction in the expat tenant pool, says Cheong.However, he also adds that the current slow growth in rental prices may be a saving grace for landlords. With fewer new completions of private homes expected in 2025, they can expect to resist undervalued rental offers while waiting for interest rates to fall.

Ultimately, purchasing a condo in Singapore presents a multitude of benefits, including a high demand for the property, potential for significant capital appreciation, and appealing rental yields. However, it is crucial to carefully consider various factors such as location, financing options, government regulations, and current market conditions. Through conducting extensive research and seeking guidance from professionals, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local looking to diversify your investment portfolio or a foreign buyer in search of a stable and profitable opportunity, investing in condos in Singapore, such as those offered by Singapore Projects, presents a compelling opportunity to achieve your goals.…

CBRE has been appointed as the exclusive marketing agent for the Hotel Clover at 7 Hongkong Street, a boutique hotel with 27 rooms. The property is currently on the market with a guide price of $27 million. Additionally, CBRE is also handling the sale of a nearby commercial building at 36 Hongkong Street, which has a guide price of $22.6 million.

The Hotel Clover is a six-storey building located on a 1,701 sq ft plot that is zoned for hotel use and has a plot ratio of 4.2 under the latest Master Plan. The property has a remaining land tenure of approximately 89 years and a total floor area of 7,142 sq ft. This equates to a price of $3,780 per sq ft on the floor area.

On the other hand, the commercial building at 36 Hongkong Street is a five-storey building situated on a 1,733 sq ft plot that is zoned for commercial use and also has a plot ratio of 4.2 under the Master Plan. The property has a remaining land tenure of 93 years and a total floor area of 7,279 sq ft. The guide price for this building is $3,105 per sq ft. Currently, the building is fully leased to a bridal shop on the ground floor and offices on the upper floors.

According to Clemence Lee, the executive director of capital markets at CBRE Singapore, both of these properties have relatively attractive remaining land tenures compared to other 99-year leasehold properties in the CBD area. This makes them ideal for owner-occupiers who are looking for a flagship asset at a reasonable price with naming rights for their exclusive operations.

As both properties are classified as hotel and commercial properties, foreigners and companies are eligible to purchase them without incurring Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) on the transactions.

Located in the vibrant Clarke Quay area, the properties are surrounded by popular restaurants, bars, boutique hotels, and fitness studios. They are also conveniently close to Clarke Quay MRT Station on the North-East Line.

Lee also highlights the potential for rental growth and capital appreciation in the medium to long term, with the upcoming completion of the $62 million asset enhancement project at CQ@Clarke Quay and the development of two large-scale integrated developments, Canninghill Piers and Union Square.

Both properties will be sold through an expression of interest exercise, which will close on March 26. Interested parties can find out more about these properties by visiting CBRE’s website or checking out the latest listings for commercial real estate properties.

When making the decision to invest in a condominium, one must not overlook the importance of its maintenance and management. This is because, unlike houses, condos come with additional expenses in the form of maintenance fees. These fees are necessary for the upkeep of common areas and facilities, but they also contribute to the property’s long-term value. To make the ownership experience more convenient, investors can enlist the assistance of a property management company to handle the day-to-day management of their condos. This turns the investment into a more passive one, allowing for a stress-free ownership experience. With the inclusion of Singapore Projects, investors can rest assured that their condo investment will be well taken care of for years to come.…

.

When contemplating an investment in a condo, it is crucial to evaluate the potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condo rental yields can greatly fluctuate based on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer more favorable rental yields. To gain a better understanding of a specific condo’s rental potential, it is advisable to conduct thorough market research and seek guidance from real estate agents. Additionally, staying updated with the latest New Condo Launches can also provide valuable insights into the rental market.

By Karen K. // The Edge PropertySingapore’s property market outlook was the main topic of discussion at EdgeProp Singapore’s Property Market Outlook event held on Feb 16. The event, moderated by EdgeProp Singapore CEO Bernard Tong, featured a panel of three industry experts who discussed the potential for new cooling measures, upcoming housing supply from government land sale (GLS) sites and Build-To-Order (BTO) launches, as well as potential impacts stemming from the Budget 2025 announcements.One of the main points of discussion was the government’s indication last month that it was willing to implement additional cooling measures in the market. The panelists noted that if new measures are implemented, they are likely to apply uniformly across the residential market rather than targeting specific sectors. They also discussed the possibility that new measures could focus on the HDB resale market, which they identified as the “floor” of the housing market in Singapore.Panelists also discussed the potential impact of the upcoming housing supply from GLS sites and BTO launches, which the government has announced will be a priority in the first half of 2025. However, the panelists agreed that the impact of these developments on prices will likely be felt much later on, as newly launched Prime and Plus BTO flats will take around 14 years to enter the resale market. They also noted that prices in the resale market tend to follow project completions and HDB estates completing their minimum occupation period rather than the pipeline of GLS sites up for tender each year.The panelists also weighed in on the recent successes of new launches so far this year, such as Elta, The Orie, and Bagnall Haus, which have experienced strong selling rates. They attributed this to strong buyer confidence and a healthy job market, which has increased property owners’ confidence in upgrading.The panelists also touched on the potential impact of the Budget 2025 announcements, with one panelist noting that Singapore has seen a relatively strong economic recovery since the Covid-19 pandemic. With 2025 being an election year, the panelist believes that Singaporeans can expect more handouts funded by government surpluses stemming from healthy government revenue collections in the past three years.During the event, Tong also presented a session of EdgeProp’s Master Plan Master Class, which covered upcoming transformation plans in Clementi and Jurong East. He highlighted the completion of the second phase of the Cross Island Line, which will add a new MRT station and turn the existing Clementi station into an interchange. He also noted that MRT interchanges tend to have a positive impact on surrounding property prices.The panelists also discussed the rental market this year, which has slowed since its peak two years ago. They agreed that falling rents are likely to moderate rental price growth this year, but noted that this could be offset by layoffs among technology and finance companies.As the event came to a close, the panelists took questions from the audience, with some participants questioning whether the residential property market is in a “euphoric” phase. The panelists agreed that the sense of market exuberance is likely to subside as developers strategically time the launch of new projects, and that a surge in price growth in the HDB resale market could add upward pressure on prices in the private housing segment.…

JustCo, the homegrown flexible workspace operator, has launched its luxurious brand, The Collective, with the opening of its first flagship co-working space in Tokyo on February 19. The impressive 24,000 sq ft space is located in GranTokyo South Tower, a 42-storey skyscraper in the prestigious Marunouchi district in Tokyo’s Chiyoda City ward. Its strategic location adjacent to Tokyo Station makes it easily accessible from both Narita and Haneda airports.

According to The Collective, the design of the co-working space was inspired by Tokyo Station, paying homage to the beauty and warmth of a luxurious voyage. The group believes that this unique concept will provide its members with a one-of-a-kind experience.

.

Securing financing for a Singapore condo is a vital step towards a successful investment. With various mortgage choices available, it is imperative to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a ceiling on the loan amount that a borrower can obtain, taking into account their income and current outstanding debts. It is essential to have a deep understanding of the TDSR and seek guidance from financial experts or mortgage consultants to make well-informed decisions about financing options. This can prevent investors from overstretching themselves financially. For those contemplating investing in a Singapore condo, carefully evaluating and comprehending the TDSR is crucial.

Aside from the hot desk area and meeting rooms, The Collective offers private suites with 24/7 secured access, and larger enterprise suites that come with exclusive entrance features and bespoke workspace designs. Every workspace is meticulously furnished with top-of-the-line Herman Miller Aeron chairs and Benel adjustable desks to ensure maximum comfort and productivity.

Members can also enjoy refreshments throughout the day at the TWG Tea Bar and take breaks in the “wellness sanctuary” designed to help them recharge and relax during work breaks. The Collective truly offers a well-rounded co-working experience, catering to both work and wellness needs.…

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.

.

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!…

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!…

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.…

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.…

[IN]

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.…