Condo Format Dynamics

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

GCB Design Elements

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

‘Ceremonial Entrances’

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

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

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

Luxe Architecture, Rich Materials

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

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

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

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

Investing in condominiums in Singapore is a lucrative opportunity, but it’s essential to consider the government’s property cooling measures. To maintain a stable real estate market and prevent speculative buying, the Singaporean government has implemented various measures over the years. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a safer investment environment. In addition to this, keeping an eye out for the New Condo Launches could also help investors stay updated on the latest developments and opportunities in the Singapore condo market.

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

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

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

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

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

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

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

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

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

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

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

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

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

According to the latest quarterly research report by Huttons Asia, the shophouse market has remained relatively quiet in 2024 with only 84 recorded transactions. This number is lower than the average of 200 yearly transactions between 1995 and 2023.

Although many buyers did not lodge a caveat, making it difficult to accurately estimate the exact number of shophouse deals in 2024, Senior Director of Data Analytics at Huttons Asia, Lee Sze Teck, believes that the figure is likely the lowest since 1998.

The total value of the 84 caveated transactions in 2024 was $683.6 million, a decrease of 38.9% from the previous year’s deal value of $1.1 billion. However, Lee notes that there were a number of significant deals for properties on Amoy Street, Neil Road, North Bridge Road, and Telok Ayer Street that were not caveated, possibly worth more than $200 million.

The largest shophouse deal in 2024 was the divestment of The Rail Mall by Paragon REIT for $78.5 million in June. This is believed to be the biggest shophouse deal in history, surpassing the previous record of $74.8 million for a row of shophouses on Jalan Sultan in March 2022.

The Rail Mall shophouses were valued at $62 million in December 2023, indicating a gain of approximately $16.5 million for the seller. However, most shophouse transactions in 2024 were for smaller quantums, with over half of the caveated deals falling in the range of $5 million to $15 million.

District 8 saw the most shophouse transactions in 2024, making up almost half of the total. Lee attributes this to its attractive location on the city fringe and relatively lower prices compared to Districts 1 and 2.

In the meantime, shophouse rents across the island have continued to decline for the second quarter in a row, with a 2.6% drop from the previous quarter to $6.47 psf per month in 4Q2024. However, for the entire year, shophouse rents saw a 1.7% increase.

Conservation shophouses on Telok Ayer Street are currently on the market for $42 million, indicating that despite the muted market in 2024, shophouses continue to be a sought-after investment.

When it comes to investing in real estate, one of the critical factors that must be carefully considered is the location. This is especially true in Singapore, where the right location can have a significant impact on the appreciation of a property. Singapore Condos located in prime areas or near important amenities like schools, shopping malls, and public transportation hubs tend to have a higher value appreciation. Throughout the years, prime locations in Singapore such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown an increase in property values. The demand for Singapore Condos in these areas is also driven by their close proximity to reputable schools and educational institutions, making them highly desirable for families. With these desirable features, it is no surprise that Singapore Condos are considered a top choice for property investment in the country.…

CBRE’s Singapore Market Outlook 2025 report, released on January 23, suggests that the real estate market could see divergent outcomes in the next 12 months due to the uncertain macroeconomic outlook.

While easing inflation and interest rates may provide some relief, the slowing economic growth in 2025 could potentially harm property demand, according to Moray Armstrong, managing director and advisory services at CBRE.

The Ministry of Trade and Industry predicts Singapore’s GDP to grow between 1% and 3% in 2025, lower than the 4% growth in 2024. This could be affected by various factors such as ongoing geopolitical tensions, a new US administration with a nationalistic economic agenda, and the URA Master Plan 2025, which is expected to be released in the middle of the year.

Despite these uncertainties, there are still opportunities in the real estate market for those who can capitalize on emerging trends, as noted by Armstrong. Tricia Song, CBRE’s head of research for Singapore and Southeast Asia, also remains optimistic, citing limited new supply and stable demand as key factors that continue to bolster the property market.

The report also predicts a surge in developer sales volume in the last quarter, which rebounded from record lows in the first nine months of 2024. Prices have also risen, leading to speculations of cooling measures being introduced. However, CBRE believes this is unlikely unless prices rise rapidly in the coming quarters.

Developers are expected to launch new projects, potentially reaching 12,000 to 14,000 units this year, almost double the 6,647 units launched in 2024. This could lead to 7,000 to 8,000 units being sold in 2025, and a 3% to 6% price growth, surpassing the 3.9% growth in 2024. Rental rates are also expected to grow by 1% to 3% this year.

.

Owning a condo can offer more benefits than simply providing a comfortable living space. One significant advantage is the potential to leverage its value for future investments. This means that individuals can use their condo as collateral to secure funding for new investments, giving them the opportunity to expand their real estate portfolio. While this approach can result in increased profits, it is essential to proceed with caution and have a sound financial plan in place, as market fluctuations can present risks. With Format Dynamics, incorporating a condo into your investment portfolio can be a strategic and wise decision. Condos can be a valuable addition to your financial plan and provide potential for growth and success.

The office market saw a slower growth in 2024, with just a 0.4% rental growth, compared to the 1.7% growth in 2023. Economic uncertainties, high fit-out costs, and hybrid work arrangements were cited as the main factors. With economic growth expected to slow in 2025, CBRE predicts the office leasing momentum will remain muted.

On the other hand, a limited supply of new office space is expected in the next three years, which could keep vacancy rates low. This could support a rental growth of about 2% in 2025, in line with GDP projections.

Similarly, the report predicts limited supply to support retail rents, with an expected drop in new retail space this year. Leasing sentiment for retail properties remains positive, and as such, the firm predicts a 2% to 3% growth in prime retail rents, recovering to pre-pandemic levels.

As for the industrial sector, the report suggests that expansion demand was subdued in 2024 due to cost pressures and supply chain disruptions. Rents for prime logistics properties remained flat at $1.87 psf per month. In 2025, a surge in supply is expected, with almost 5 million sq ft of new warehouse space being completed. However, at least 60% of this space has been pre-committed, which could alleviate downward pressure on occupancy rates. CBRE predicts prime logistics rents will remain stable in 2025.

The report also forecasts a 10% year-on-year growth in investment volume in 2025, with the industrial and logistics sector remaining the most preferred among investors. However, CBRE also anticipates investors to be selective amid economic and geopolitical uncertainties, opting to invest in specific sectors or strategies with more favorable prospects.…

The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art facilities. Condos, often situated in sought-after locations, offer a perfect fusion of opulence and practicality that caters to the needs of both locals and foreigners. These modern residences boast a plethora of conveniences, including access to swimming pools, fitness centers, and round-the-clock security services, elevating the standard of living and making them an alluring option for potential renters and buyers. For investors, these amenities equate to higher rental returns and appreciating property values in the Condo market over time.

First, let’s address the most profitable resale transaction over the period of Jan 14 to 28 – the sale of a three-bedroom unit at Palm Spring. Located on Ewe Boon Road in prime District 10, Palm Spring is a freehold condominium with a total of 167 units. The sale of this particular unit on the fourth floor fetched a whopping $4.4 million ($2,336 psf) on Jan 20, according to lodged caveats. This was a significant increase compared to its purchase price of $1.21 million ($642 psf) in August 2005. In fact, the seller enjoyed a profit of $3.19 million (264%) on the sale, which translates to an annualised profit of 6.8% over nearly 20 years. This sale also marks the most profitable resale transaction to date at Palm Spring, surpassing the previous record profit of $2.56 million (185%) achieved when a unit on the first floor was sold for $3.94 million ($2,000 psf) in April 2023. The previous owners had purchased the unit for $1.38 million ($701 psf) in January 2003, illustrating the steady increase in property prices at Palm Spring over the past 20 years.According to data compiled by EdgeProp Singapore, the average transacted price at Palm Spring has consistently risen over the past two decades. In January 2021, the average price was around $2,342 psf, a considerable increase from $1,439 psf in January 2015. In fact, the average price was only $973 psf back in January 2005, highlighting the development’s value appreciation over the years. Notably, two units were sold at Palm Spring last year, further solidifying its status as a highly sought-after condominium. A 947 sq ft unit changed hands for $2.19 million ($2,312 psf) in September, bringing in a profit of $990,000 from its previous purchase. In October, a larger 1,496 sq ft unit was sold for $3.36 million ($2,246 psf), resulting in a profit of $2.24 million for the seller.This premium residential development boasts a prime location near Stevens MRT Interchange on the Downtown (DTL) and Thomson-East Coast Lines, as well as Newton MRT Interchange on the North-South Line and DTL, making it highly accessible for residents.In comparison, last month’s second most profitable resale transaction was the sale of a four-bedroom unit at Orchard Bel Air, which generated a profit of $3 million (182%) when it changed hands on Jan 15. The 3,229 sq ft unit on the 12th floor was sold for $4.65 million ($1,440 psf), significantly higher than its purchase price of $1.65 million ($511 psf) in May 2001. Based on these figures, the annualised profit over nearly 24 years was 4.5%. It is worth noting that this sale also holds the record for the highest profit at Orchard Bel Air. The previous record was set in January 2013 when a 6,512 sq ft penthouse unit on the 25th floor was sold for $8.3 million ($1,275 psf), raking in a profit of $4.47 million for the seller, who had initially purchased the unit for $3.83 million ($588 psf) in March 2006.Orchard Bel Air is a 99-year leasehold condominium on Orchard Boulevard, located in the prestigious prime District 10. Completed in 1984, it stands at 28 years old with approximately 54 years left on its land tenure. As the only other 99-year leasehold condominium in the vicinity, Cuscaden Reserve, was only completed in 2023, Orchard Bel Air holds its own in terms of resale prices. According to transaction data, the average price at Cuscaden Reserve stands at around $3,043 psf, making Orchard Bel Air a more affordable option for buyers seeking properties in the area. Interestingly, the condo is situated next to a government land sale (GLS) site awarded to a joint venture between UOL and SingLand in February last year. The bid of $428.28 million works out to a land rate of $1,617 psf per plot ratio.Moving on to the most unprofitable transaction during the review period, the sale of a 1,625 sq ft unit on the 58th floor of Marina Bay Suites stands out for incurring a loss of $1.15 million (27%) when it changed hands on Jan 24. Sold for $3.1 million ($1,907 psf), the unit was previously purchased for $4.25 million ($2,614 psf) in May 2012. This translated to an annualised loss of 27% over close to 13 years. This sale is the latest in a string of unprofitable transactions at Marina Bay Suites, which has seen 14 consecutive loss-making deals in the past nine months. During this period, losses ranged from $40,000 to $2.5 million.Marina Bay Suites is situated within Marina Bay Financial Centre, a luxurious mixed-use development consisting of six towers located at Central Boulevard and Marina Boulevard. Completed in 2023, the 99-year leasehold condo has 221 units and comprises a 66-storey residential tower offering three- and four-bedroom units. According to a tabulation of caveats by EdgeProp Singapore, the average selling price at Marina Bay Suites has declined from $2,502 psf in January 2015 to $1,921 psf as of January this year. In contrast, other nearby condominiums on 99-year leases, such as The Sail @ Marina Bay, Marina Bay Residences, Marina One, and V on Shenton, command higher resale prices with average prices of $2,047 psf, $2,242 psf, $2,103 psf, and $2,027 psf respectively.…

A 1,281 sq ft three-bedroom unit at Watertown, part of the Waterway Point integrated development in Punggol, will be up for auction on Feb 26 by SRI. This mortgagee sale has a guide price of $2.4 million, which translates to a price per square foot (psf) of $1,874. The same unit had previously appeared at SRI’s January auction with the same guide price, but only received one bid. It was eventually withdrawn as the bid was below the reserve price.

Located on the 13th floor, this unit has a combined living and dining area, along with an open-concept kitchen, utility room and toilet, and a south-facing balcony overlooking the condo’s 20 swimming pools. There is also an ensuite master bedroom, two additional bedrooms, and a common bathroom.

According to URA caveats, the property was previously purchased from the developer for $2.3 million in October 2013, which works out to about $1,281 psf. In total, Watertown has only seen one transaction this year – a two-bedroom unit that sold for $1.7 million ($1,775psf) in January. In 2020, the condo had 41 resale transactions at an average price of $1,700 psf.

Larger units in the development tend to see stronger demand and can fetch higher prices. According to Eric Liew, manager of auctions and sales at SRI, of the 41 resale transactions at Watertown in 2020, 10 involved larger units with three or more bedrooms. These sold for an average of $1,854 psf, which is about 9% higher than the overall average for the condo.

Most of the interest in Watertown comes from HDB upgraders and those looking for a bargain, says Liew. The development is also popular with those planning to use the unit as a primary residence due to its proximity to Punggol MRT Station.

Watertown is a 992-unit condo with 11 residential towers, sitting on top of the six-storey Waterway Point shopping mall. It has one- to two-bedroom units ranging from 533 to 1,003 sq ft, and three- and four-bedroom units from 821 to 1,582 sq ft.

The Waterway Point mall is integrated with Punggol MRT Station, which connects to the North East Line and Punggol LRT Station. It was jointly developed by Far East Organisation, Frasers Centrepoint, and Sekisui House and was completed in 2017.

Singapore’s cityscape is dominated by towering skyscrapers and state-of-the-art infrastructure. One of the main features of this landscape is the abundance of condos, strategically located in highly sought-after areas, offering a perfect fusion of opulence and convenience that is appealing to both local residents and expats. These condos are equipped with top-of-the-line facilities including swimming pools, fitness centers, and 24-hour security services, all of which contribute to a higher standard of living and make them a desirable choice for potential tenants and buyers. For investors, these amenities translate into lucrative rental yields and steady growth in property values over time. With the inclusion of Singapore Condo, the urban landscape of Singapore truly represents a perfect blend of modernity, luxury, and functionality.

Several primary schools can be found in the area, such as Edgefield Primary School, Oasis Primary School, Punggol Green Primary School, Compassvale Primary School, and Punggol Cove Primary School.…

The government has recently announced the extension of the Central Business District Incentive (CBDI) and Strategic Development Incentive (SDI) schemes for another five years. These schemes were initially introduced in November 2019 and the latest decision was revealed by Desmond Lee, the Minister of National Development (MND) during the Real Estate Developers’ Association of Singapore (Redas) annual Spring Festival lunch on Feb 7.

Under the CBDI scheme, the government aims to encourage the conversion of older office buildings in certain areas of the Central Business District (CBD) into mixed-use developments. These areas include Tanjong Pagar, Robinson Road, and Shenton Way. The scheme is designed to inject more homes, increase the population living in the CBD, and introduce a more diverse mix of activities in the traditionally commercial-centric district.

On the other hand, the SDI was introduced to encourage the redevelopment of older developments in strategic areas to drive transformative changes in the surrounding urban environments. These strategic areas include Orchard Road, the Central Business District, and Marina Centre.

According to the Urban Redevelopment Authority (URA), 14 out of 17 CBDI proposals and seven out of 12 SDI proposals submitted to the government have received in-principle approval. Currently, four CBDI projects are under construction in the Anson-Tanjong Pagar area. These include Newport Plaza, a mixed-use development on 80 Anson Road that comprises of 246 residential units and 198 serviced apartment units. The Skywaters Residences, located at 8 Shenton Way, also includes 190 luxury residential units as part of its mixed-use development. Other CBD projects include two commercial developments on 15 Hoe Chiang Road and 51 Anson Road.

However, the five-year extension of the CBDI and SDI schemes will come with some refinements, according to Minister Lee. The CBDI scheme will be expanded to include commercial developments in Anson and Cecil, giving developers and property owners in these areas the option to retain their commercial zoning (with 40% non-commercial use) if the redevelopment includes long-stay serviced apartment units.

Under the revised scheme, CBDI applicants seeking to redevelop in Anson and Cecil will have to provide at least 200 residential units or set aside their entire non-commercial floor area for long-stay serviced apartments, whichever is lower. Previously, office buildings redeveloped under the CBDI were allowed to retain their existing commercial zoning if 40% of the new floor area was allocated for non-commercial use.

Marcus Chu, CEO of ERA Singapore, says that these incentives, by facilitating the continual renewal of aging buildings in the city centre and incorporating more residential units, aim to transform the CBD into a vibrant place to work, live, and play.

In addition, the updated CBDI and SDI schemes will include new sustainability requirements. Going forward, all new applications for these schemes must include a sustainability statement that assesses the feasibility of retrofitting part or all of the existing building. Minister Lee explains that while the government supports revitalisation and rejuvenation through redevelopment, wasteful demolition and excessive rebuilding will not be tolerated, especially for relatively young or well-maintained buildings.

Choosing the right location is crucial when investing in real estate, especially in Singapore, where the location can significantly influence the value of a condo. In fact, certain areas, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently demonstrated an increase in property values, making them prime locations for potential investments. Moreover, the presence of reputable schools and educational institutions nearby also adds to the appeal of these condos, making them highly desired by families and further boosting their investment potential. Therefore, carefully considering the location is crucial when looking to invest in a condo in Singapore.

He also adds that several projects currently being redeveloped under the CBDI or SDI schemes are already surpassing the required sustainability standards. For example, Union Square, a mixed-use development on Havelock Road, is incorporating a district cooling system.

You can find the latest listings for properties in Skywaters Residences and ask for the latest transaction prices and available units in upcoming new launch projects. You can also check out the project summary for Skywaters Residences to see the total number of units, as well as current and upcoming new launch projects, condo sale transactions in District 1, and recently completed projects.…