Investing in a condominium (condo) in Singapore presents a plethora of benefits, making it a wise choice for investors. The country’s high demand for condos, coupled with the potential for significant capital appreciation, makes it an attractive option. Additionally, the rental yields are also appealing to investors. However, it is crucial to take into account various factors such as location, financing, government regulations, and market conditions before making an investment decision. Therefore, conducting extensive research and consulting with experts can aid in making informed choices and maximizing returns in the dynamic real estate market of Singapore. Whether you are a local investor aiming to diversify your portfolio or a foreign buyer seeking a secure and profitable investment, condos in Singapore present an enticing opportunity that should not be overlooked. To explore more options, check out Singapore Projects for a comprehensive list of available properties in the country.
The most profitable resale transaction in the first week of January 2025 in Singapore was the sale of a three-bedroom penthouse at Orchid Mansion on Amber Road. The transaction resulted in a profit of $2.58 million (112%) and was the most profitable resale transaction during the period of Dec 31, 2024, to Jan 7, 2025. The unit, which is situated on the 21st floor of the 20-year-old freehold development, was sold for $4.88 million ($1,717 psf) on Dec 31. This marks an increase from its previous purchase price of $2.3 million ($809 psf) in March 2009. With an annualized profit of 4.9% over the span of nearly 16 years, it is also the most profitable resale transaction to date at Orchid Mansion.This sale has broken the previous record held at the development, when a three-bedroom unit on the seventh floor was sold for $2.73 million ($1,812 psf) in July 2022, resulting in a profit of $1.15 million (72.6%). The unit was bought for $1.58 million ($1,050 psf) back in June 2007.Orchid Mansion, situated at 11 Amber Road in District 15, is a 21-story residential tower that offers a mix of two- and three-bedroom units ranging from 1,346 sq ft to 2,002 sq ft. There are also two penthouses, each measuring 2,842 sq ft and 2,734 sq ft respectively. This development, which is 20 years old, boasts a prime location and is popular among buyers due to its freehold tenure.In the same period, the second most profitable resale transaction took place at Villa Marina on Jan 3. A three-bedroom unit on the ground floor, measuring 1,625 sq ft, was sold for $2.35 million ($1,446 psf). The seller had previously purchased the unit for $630,500 ($388 psf) back in September 2006. This translates to a profit of $1.72 million (273%), or an annualized profit of 7.6% over the span of 18 years. This sale has also overtaken the previous profitable record held at Villa Marina, when a unit on the fourth floor measuring 1,916 sq ft was sold for $1.58 million (219%) in July 2024. This had previously fetched $720,416 ($376 psf) back in November 1998.Villa Marina, situated at Jalan Sempadan in District 15, is a 99-year leasehold development that was completed in 1999. This development consists of 27 low-rise residential blocks housing a total of 432 units, with a mix of one- to four-bedroom units ranging from 1,087 sq ft to 2,314 sq ft. The development is close to the Masjid Kampong Siglap mosque and is conveniently located near Siglap MRT station and East Coast Park. Families with young children will also appreciate that the development is surrounded by top primary schools within a 1km radius.On the other hand, the most unprofitable resale transaction of the week was the sale of a two-bedroom unit on the 17th floor of Marina Bay Residences on Jan 2. The 1,130 sq ft unit was sold at $2.1 million ($1,858 psf), resulting in a loss of $386,000 (16%) for the seller. This marks an increase from the purchase price of $2.49 million ($2,200 psf) back in November 2007. With an annualized loss of 1% over 17 years, this transaction is the most unprofitable resale at Marina Bay Residences last week.Marina Bay Residences saw 25 resale transactions in 2024, with 13 unprofitable transactions that resulted in losses ranging from $1.25 million to $43,600. This development, which is situated at Marina Boulevard in the Marina Bay area, has a total of 428 units and was completed in 2024. Last year, the average resale price at the development was $2,242 psf, which is higher than that at surrounding condos such as The Sail @ Marina Bay ($2,052 psf), Marina Bay Suites ($1,917 psf) and Marina One Residences ($2,133 psf).Marina Bay Residences is one of two 99-year leasehold luxury condos in Marina Bay Financial Centre (MBFC), which also comprises of three Grade-A office towers and Marina Bay Suites. The development recently underwent a $5 million revamp from Jan 2022 to Sept 2023, which saw upgrades made to all resident facilities and common spaces.