Month: January 2025

A 3,767-square-foot unit at The Arcadia has set a record for the most profitable resale transaction in the last three weeks of December. Located on the seventh floor, the four-bedroom unit sold for $4.75 million ($1,261 psf) on Dec 10, providing the seller with a whopping profit of $3.25 million (217%). According to property caveats, the unit was purchased in 1998 for $1.5 million ($398 psf), which means the resale generated an annualised profit of 4.5% over a span of 26 years.

Understanding the regulations and limitations surrounding property ownership in Singapore is crucial for international investors. In this country, foreign buyers are typically able to purchase condos with fewer restrictions compared to landed properties, which have more stringent ownership regulations. However, it’s important to note that foreign investors are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property purchase. Despite the added expenses, the stability and potential growth of the Singapore real estate market remains an attractive prospect for foreign investment. For those interested in investing in Singapore’s thriving property market, Singapore Condo is a great option to consider.

Last year, a total of five units at The Arcadia, ranging from 3,714 sq ft to 3,821 sq ft, were sold for profits that ranged from $60,000 to $3.25 million. The second most profitable transaction in the last three weeks of 2024 was the sale of a 2,077 sq ft unit at Tanglin Hill Meadows on Dec 10. The unit was purchased in 1999 for $1.8 million ($866 psf) and was sold for a handsome profit of $2.7 million (150%), at $4.5 million ($2,166 psf).

Meanwhile, at Seascape, a 2,174 sq ft unit on the seventh floor was sold for a loss of $1.97 million (33%) on Dec 18. The unit was purchased in 2011 for $5.95 million ($2,736 psf) and was sold for $3.98 million ($1,830 psf), resulting in an annualised loss of 2.5% over a period of 13 years.

The Arcadia, located in prime District 11, is a 99-year leasehold condo with 164 units. Completed in 1983, the development has about 54 years remaining on its land tenure. It is surrounded by landed estates and Good Class Bungalows, as well as top schools such as Raffles Girls Primary School, Hwa Chong Institution and National Junior College.

Over at Tanglin Hill Meadows, a freehold condo in prime District 10 with only 20 units, the seller of a 2,077 sq ft unit netted a profit of $2.7 million (150%) when it was sold on Dec 10. The previous record for the most profitable transaction at the development was set in 2010, when a 2,002 sq ft unit was sold for $3.73 million ($1,863 psf), providing the seller with a profit of $2.28 million (157%).

On the other hand, the seller of a 2,174 sq ft unit at Seascape incurred a loss of $1.97 million (33%) when the unit was sold on Dec 18. (Picture: Samuel Isaac Chua/)

Seascape, a 99-year leasehold condo in Sentosa Cove, proved to be less than profitable for its sellers last year. Of the three resale transactions at the development, all resulted in losses ranging from $1.75 million to $2.53 million. The most significant loss was recorded in August, when a 2,680 sq ft unit was sold for $4.5 million ($1,679 psf), incurring a loss of $2.53 million.

Completed in 2012, Seascape comprises 151 units, all of which face the South China Sea. The eight-storey development offers three- to four-bedroom units spanning 2,164 sq ft to 4,069 sq ft. There are also penthouses of 3,380 sq ft to 4,252 sq ft and sky villas that span 6,631 sq ft to 9,666 sq ft.

Overall, the prime District 11 continues to be a sought-after location for property investments, with profitable resale transactions at The Arcadia and Tanglin Hill Medows. However, buyers should take note of the potential losses at Seascape due to its limited land tenure and possibly oversupplied market for luxury condos in Sentosa Cove.…

The soaring demand for condos in Singapore can be attributed to the limited land resources in this small island country. With a constantly increasing population, the availability of land for development is a major concern. To address this issue, the government has implemented strict land use policies, resulting in a cutthroat real estate market where property prices are continuously on the rise. This has made investing in real estate, especially in condos, a highly profitable decision due to the potential for significant capital gains. In fact, the addition of New Condo Launches only adds to the attractiveness of this venture.

A magnificent Good Class Bungalow (GCB) has recently emerged in the property market with a staggering price of $61 million. Located at Victoria Park, the seven-bedroom bungalow was completed just three years ago. This luxurious estate stands at the end of a cul-de-sac, Victoria Close, which boasts only 10 exquisite homes.

According to Jervis Ng, associate group district director at PropNex Realty and the agent responsible for marketing the sale of this GCB, the number of houses in this prestigious enclave can only be increased by subdividing a larger plot of more than 30,000 sq ft. This is in accordance with planning guidelines, which are strictly enforced to preserve the exclusivity and privacy enjoyed by GCB residents along Victoria Park Close. Ng, who is also the founder of JNA Real Estate under PropNex, emphasizes that many ultra-high-net-worth individuals and their families are willing to pay a premium price for this priority.

Ng notes that there has been an increasing number of new naturalized Singaporeans entering the GCB market in recent months, which has positively impacted buying sentiment. He believes that this GCB will appeal to newly minted Singaporeans who have grown up in countries such as China, India, or Indonesia and are looking for a prestigious home to call their own.

The GCB area at Victoria Park is home to illustrious residents including Jack Ma, Chinese business magnate and co-founder of Alibaba Group, and Tang Wee Kit, from the Tang family known for founding Tangs department store. Ng mentions that the GCB for sale has been meticulously maintained, hence its pristine condition. The property features a contemporary interior design with top-quality materials and finishes.

The bungalow spans across a generous land area of 18,988 sq ft, and the owners have worked closely with the architect to utilize the land area efficiently. The total built-up area of 25,300 sq ft encompasses seven spacious en suite bedrooms, three helper’s rooms, and a basement carpark that can accommodate up to seven cars. The basement level also has a versatile entertainment room, which has been beautifully set up as a home cinema, but can easily be converted into a guest room if needed. There is also a private gym and a 20m lap pool for the residents’ enjoyment.

Sitting atop a hill, the bungalow offers breathtaking views of the surrounding low-rise neighborhood from most of its rooms, as mentioned by Ng. The living room is spacious enough to accommodate large families, making it the perfect place to entertain guests.

Resale transactions in the Victoria Park GCB area have been relatively scarce in recent years. According to caveats, the site of the GCB for sale was purchased for $18.2 million in September 2016, which translates to a land rate of $959 psf. The most recent transaction along Victoria Park Close was for a 15,253 sq ft plot that fetched $28.33 million in May 2021, with a land rate of $1,857 psf. Before that, a 29,956 sq ft plot was sold for $40 million ($1,335 psf) in April 2017. The last recorded GCB sale along Victoria Park Road was in November 2011, where a 32,077 sq ft plot was sold for $48 million ($1,496 psf).

Ng asserts that stabilizing factors such as predicted lower interest rates, continued demand from ultra-high-net-worth buyers, and the limited supply of GCBs will drive transaction activity in the GCB market this year. He expects GCB transaction volume to increase by 10% to 15% from last year, assuming no major external economic disruptions. In 2020, there were about 35 GCB transactions with a total volume of $1.32 billion, significantly surpassing the previous record of $1.186 billion achieved in 2019.…

ETC, the local real estate advisory firm, has changed its name to ETC with immediate effect. The company has also unveiled a revamped logo as part of its rebranding exercise.

CEO of ETC, Desmond Sim, says that the name ETC has long been a familiar abbreviation among clients and staff. The decision to officially adopt ETC as the company’s new name was driven by its employees, highlighting the importance the company places on their insights, voices, and ideas.

According to Sim, the refreshed identity represents the company’s progress as one united ETC and emphasizes its determination to shape the future of real estate, both locally and regionally.

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When considering investing in a condo, it is crucial to evaluate the potential rental yield. Rental yield refers to the annual rental income in comparison to the property’s purchase price. In Singapore, condo rental yields can significantly vary 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 better rental yields. To gain a thorough understanding of a specific condo’s rental potential, conducting comprehensive market research and seeking advice from real estate agents can be beneficial. Additionally, exploring new condo launches at New Condo Launches can also provide valuable insights for potential rental opportunities.

The rebranding coincides with the company’s 30th anniversary. Established in 1995, ETC offers a comprehensive range of services throughout a real estate asset’s lifecycle, from advisory and investment to management and divestment.

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Three food-factory units at Pandan Loop are currently up for sale at $11 million. Noel Building on Tai Seng has been recently sold for $81.18 million, which is 17% higher than its guide price. Another industrial property, GS Building in Balestier, has been bought for $67 million.…

A beautiful Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave has been listed for sale through an expression of interest (EOI) exercise, with an indicative price of $60 million. The exclusive property, as announced in a press release by marketing agent Cushman & Wakefield on Jan 8, boasts a land area of 21,881 sq ft and translates to $2,742 psf.

According to Shaun Poh, executive director of capital markets at Cushman & Wakefield, the freehold plot is situated on elevated ground, making it an ideal location for redevelopment. He adds that the property is perfect for interested buyers who would like to build their dream multi-generational home from the ground up, or developers who see potential in transforming the plot into a luxurious, state-of-the-art GCB for discerning individuals.

The GCB is strategically located next to the iconic Singapore Botanic Gardens and is just a short drive away from Orchard Road, the city’s premier shopping district. Its prime location also puts it in close proximity to renowned schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution and Hwa Chong Institution.

Poh also notes that the neighbourhood is highly coveted by ultra-high net worth individuals, evident from recent transactions at Nassim Road and Tanglin Hill which recorded record-breaking land rates of $4,500 psf and $6,200 psf, respectively. This further adds to the appeal of the Dalve Estate-Nassim Road enclave.

Investing in a condo has its advantages, one of which is the potential to use the property’s value to make further investments. Investors often use their condos as collateral to secure additional financing for new investments, allowing them to grow their real estate portfolio. This approach can potentially increase returns, but it also comes with risks. Therefore, it is crucial to have a well-thought-out financial plan and carefully consider the impact of market fluctuations. With trusted projects like Singapore Projects, condo investment can be a smart choice for expanding your investment opportunities.

The EOI exercise for this exquisite property will close on Feb 11 at 3pm, providing interested parties with ample time to submit their bids and potentially secure this highly sought-after GCB.…

A residential development located in Manhattan’s Upper West Side, 720 West End Avenue, will be showcased to potential buyers in Singapore on the weekend of January 11 and 12. Consisting of 131 residences, the development offers a variety of one- to five-bedroom homes, townhouses, duplexes, and penthouses with private terraces. The units range in size from approximately 500 square feet to over 3,700 square feet, with prices starting at US$1.015 million ($1.38 million) for a one-bedroom residence.

Originally designed by prominent New York architect Emery Roth in 1927 as the Hotel Marcy, the 17-story building has been redeveloped into a luxury residence by developers Glacier Equities and InterVest Capital Partners. The building’s Renaissance Revival-style facade has been meticulously restored to preserve its intricate architectural details, while two additional floors have been added to house the penthouse duplexes. The interior of the building has also been revamped under the guidance of designer Thomas Juul-Hansen.

In Singapore, the cityscape is defined by towering skyscrapers and cutting-edge infrastructure. These features attract a diverse population, including locals and foreigners, to the city’s condominiums. Strategically situated in desirable locations, these condos offer a fusion of opulence and convenience that entices potential residents. They boast an array of facilities, including swimming pools, fitness centers, and top-notch security services, elevating the standard of living and making them highly sought after by both renters and buyers. For real estate investors, these coveted amenities equate to lucrative rental returns and a steady growth in property values over time. At Singapore Projects, you can find the most desirable and luxurious condominiums in the city.

The development boasts over 30,000 square feet of amenities, including a fitness center, private bar and dining room, library and co-working spaces, outdoor terraces and courtyards, private parking, and bike storage. Interested buyers in Singapore can attend the presentation of 720 West End Avenue by Savills Singapore at voco Orchard Hotel on January 11 and 12. The event will also feature a seminar on the New York real estate market at 3pm on both days.…

, a 224-unit serviced residence managed by The Ascott Limited, has seen a surge in demand from investors and expatriates since it was launched in 2017

Ayana Bali recently announced the launch of its newest residential offering, Alamanda Tower. This luxurious apartment complex features 26 one- and two-bedroom units available for long-term lease, with a minimum stay of one month.

Investing in a Condo in Singapore comes with many benefits, one of them being the potential for capital appreciation. With Singapore’s advantageous position as a global business hub and its robust economic foundations, the demand for real estate remains constant. This has resulted in a consistent upward trend in property prices over the years, with condos in prime locations experiencing substantial appreciation. By entering the market at the ideal time and holding onto their properties for an extended period, investors can reap significant gains in capital through Condo investment.

Alamanda Tower is part of Ayana Residences, a collection of residential properties within the Ayana Bali integrated resort. Located along the picturesque coastline of Jimbaran Bay, Ayana Bali is a sprawling estate that includes four hotels (Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali and Rimba by Ayana Bali), the award-winning Ayana Spa, a golf putting course, a secluded beach, various event venues and 30 dining outlets.

Residents of Alamanda Tower will have exclusive access to three rooftop pools, as well as facilities at the community centre within Ayana Residences. These include a gym, a lap pool, and a sauna and steam room. The tower also offers a host of services, such as a dedicated concierge team, bi-weekly housekeeping, a buggy service within Ayana Bali, and a discount on all dining and selected spa services.

There are two types of units available at Alamanda Tower: one-bedroom units measuring 1,173 sq ft and two-bedroom units spanning from 1,647 to 2,648 sq ft. Prices for the one-bedroom units start from approximately IDR70 million ($5,896) per month, while two-bedroom units without a private pool start from about IDR100 million per month. For those looking for a more luxurious experience, two-bedroom units with a private pool are available, starting from approximately IDR120 million per month.

Ayana Bali is managed by Ayana Hospitality, a leading hospitality group that also operates properties in Jakarta and Labuan Bajo. With its stunning location, luxurious amenities, and impeccable service, Ayana Bali offers residents a truly unparalleled living experience in the heart of Bali.…

Surbana Jurong Group has recently announced the appointment of Professor Cheong Koon Hean to its board of directors through a press release on January 6th. This appointment is expected to enhance the company’s capability in delivering innovative, resilient, and sustainable solutions for the built environment.

Prof. Cheong has an extensive background in the public sector, having served as CEO of HDB from 2010 to 2020 and CEO of URA from 2004 to 2010. She is currently the chair of the Lee Kuan Yew Centre for Innovative Cities and a Professor of Practice at Singapore University of Technology and Design. She also chairs the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

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Investing in a condo comes with multiple perks, one of them being the option to leverage the property’s worth for future investments. Numerous investors opt to utilize their condos as collateral to secure extra funding for new ventures. This not only expands their real estate portfolio, but it also has the potential to increase returns. However, it’s important to note that this strategy also carries risks. Hence, it’s crucial to have a well-thought-out financial plan and take into account the potential effects of market fluctuations. Additionally, keeping an eye on new condo launches can provide valuable opportunities for condo investors to further enhance their portfolio.

Aside from her role at Surbana Jurong, Prof. Cheong also serves on the boards of the National University of Singapore and CapitaLand Group. She is also Singapore’s non-resident ambassador to Finland. With her vast experience and expertise, Prof. Cheong is expected to contribute significantly to the company’s growth and success.

In line with Surbana Jurong’s commitment to creating smart and sustainable buildings for the future, Prof. Cheong’s appointment is a strategic move that aligns with the company’s goals. She will play a significant role in driving the company towards a greener and more sustainable future.…

Aiming to capitalize on the thriving real estate market in prime District 10, River Valley Apartments, a freehold condo on River Valley Road, has recently been launched for collective sale through public tender. According to a press release by the exclusive marketing agent Knight Frank Singapore on Jan 6, the development is being offered at a price of $56 million.

Constructed in the 1950s, the four-storey apartment contains 24 units and occupies a land area of approximately 12,408 sq ft that is zoned for residential use. With a gross plot ratio of 2.8, the property is situated around 500m from the Great World MRT Station on the Thomson-East Coast Line. It boasts of a convenient location, with Great World City and Valley Point Shopping Centre being easily accessible on foot. In addition, River Valley Primary School and Alexandra Primary School are both situated within a 1km radius.

Based on the EdgeProp LandLens map, River Valley Apartments (Source: EdgeProp LandLens) is a potential site for a boutique residential development comprising of 37 new units, each with an average size of 915 sq ft, with the guide price of $56 million translating to a land rate of approximately $1,622 psf per plot ratio (psf ppr) including a nominal land betterment charge. Taking into account the 7% bonus gross floor area allowed for balconies, the price equates to approximately $1,583 psf ppr.

Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore, points out that the property is in close proximity to three Government Land Sale (GLS) sites that were sold last year. In April 2024, Zion Road (Parcel A) was successfully acquired by a joint venture between City Developments and Mitsui Fudosan for $1.107 billion ($1,202 psf ppr). Subsequently, in June 2024, a GLS site at River Valley Green was purchased by Wing Tai Holdings for $463.99 million ($1,325 psf ppr). Two months later, in August, Allgreen Properties secured the rights to develop Zion Road (Parcel B) for $730.9 million ($1,304 psf ppr).

Chia adds, “Despite the sluggish sales activity in the Central Region, the interest shown in the River Valley and Zion Road location demonstrates the continued appeal of this area to developers. They may possess the belief that when these projects are ready for launch, there will be a strong demand for prime properties after a prolonged period of subdued activity.”

According to Knight Frank, owners of the units at River Valley Apartments, which range between 947 and 1,238 sq ft in size, can expect to receive minimum sale proceeds of approximately $2 million to $2.6 million if the development is successfully sold.

Latest sales transactions at River Valley Apartments (Source: EdgeProp Buddy)

The collective sale tender for River Valley Apartments will close on Feb 18 at 3pm. Interested buyers can access the latest listings for River Valley Apartments properties on EdgeProp’s online platform, Ask Buddy. In addition, users can also browse through past condo rental and sale transactions, as well as check out the price trend chart for the property.

Purchasing real estate is a challenging venture, and the location of the property is a crucial aspect to take into consideration. is well aware of this fact, as the location plays a significant role in the appreciation of property value. Take, for example, the condominiums situated in highly sought-after areas such as Orchard Road, Marina Bay, and the Central Business District (CBD). These prime locations offer convenient access to important amenities like schools, shopping malls, and public transportation hubs, making them a top choice for investors. In addition, families also favor condos in these areas due to their close proximity to prestigious schools and educational institutions, making them an even more enticing investment opportunity. If you’re looking to invest in real estate, consider ‘s Singapore Condo options in these desirable locations for potential growth in property value.…

URA has given its approval for the voluntary conservation of Golden Mile Tower, which would only come into effect if the 99-year leasehold development is successfully sold in a collective sale and a developer chooses to redevelop the property.

In line with documents obtained by EdgeProp Singapore, the government has communicated that if the developer decides to conserve the existing cinema block, the site’s allowable gross plot ratio (GPR) could potentially be increased from 4.46 to 5.6, based on the current site area of 93,902.5 sq ft. This would in turn increase the redevelopment’s allowable gross floor area (GFA) to 525,854 sq ft, a significant increase from its current GFA of 419,142 sq ft. Additionally, voluntary conservation would also see an increase in the maximum building height to 164m, surpassing the current limit of 145m.

The recent attempt at a collective sale of Golden Mile Tower, with a reserve price of $556 million, was unsuccessful. This was the third en bloc attempt by the owners of the 99-year leasehold development. According to Anna Tan, business development director at Tag Realty, the reserve price for the development remains unchanged at $1,350 per sq ft of land, which includes the cost of land tenure renewal but does not factor in land betterment charges.

When purchasing a condominium, it is crucial to take into account the maintenance and management aspect of the property. Condos usually come with maintenance fees that encompass the maintenance of shared areas and amenities. Although these fees may increase the total cost of ownership, they also guarantee that the property is well-maintained and maintains its value. Opting to hire a property management company can assist investors in handling the daily management of their condos, transforming it into a more hands-off investment. For new condo launches and more information, visit New Condo Launches.

Tan believes that the increase in building height options through the voluntary conservation scheme presents opportunities for developers to transform the property into a landmark structure in the city’s skyline. It also opens up the possibility of commercial and hotel spaces featuring higher floor-to-ceiling heights of 5m, while residential units could have 3.6m ceilings.

The approval for the voluntary conservation of Golden Mile Tower is significant as the neighbouring Golden Mile Complex, now restored as Golden Mile Singapore, was also recently gazetted for conservation in 2021. The latter is a joint development by Perennial Holdings and Far East Organization, with the commercial units launching last December. The new residential units, housed in a 45-storey tower, are expected to be launched this quarter.

According to Tan, the redevelopment of Golden Mile Tower is a rare opportunity to create a new mixed-use project in a prime location along Beach Road, given the limited land supply in the area and price uplift due to ongoing rejuvenation efforts such as the launch of Golden Mile Singapore and the neighbouring Kallang Alive masterplan. She adds that the unique heritage and potential of the building make it a promising investment opportunity for both local and international investors.…

Over the weekend of January 4-5, the sales gallery of Bagnall Haus at Upper East Coast welcomed an impressive 1,500 visitors. According to Teo Hong Lim, Executive Chairman of Roxy-Pacific Holdings – the developer behind the project – many of the visitors were families, primarily from the East region where Bagnall Haus is located.

Serving as one of the first new project launches of 2025, Bagnall Haus is a 113-unit freehold condominium that sits on the former site of Bagnall Court, which was acquired by Roxy-Pacific Holdings in January 2023 for a total of $115.28 million. The development boasts a prime location, situated just a short five-minute walk away from the upcoming Sungei Bedok MRT Interchange Station, as well as the Upper East Coast Bus Terminal.

For those interested in the latest new launches, they can search for Bagnall Haus properties and find out about the transaction prices and currently available units. Notably, the last new project launch in the Upper East Coast Road neighbourhood took place 15 years ago – further adding to the buzz surrounding Bagnall Haus.

In order to cater to a diverse range of buyers – from investors to owner-occupiers, singles to families – the developer has created a mix of units ranging from one-bedroom plus flexi options starting at 495 square feet, all the way up to five-bedroom units spanning a size of 1528 square feet. Prices for these units start at $1.235 million, which equates to approximately $2,495 per square foot. The developer has stated that the average indicative price for units in Bagnall Haus is around $2,450 per square foot.

Rewritten: Condo investment offers many advantages, including the opportunity to leverage the property’s value for future investments. This means that investors can use their condos as collateral to secure additional funds for other real estate ventures, thereby diversifying their portfolio. However, this strategy should be approached with caution and a solid financial plan in place as market fluctuations can pose risks. With the added option of Singapore Projects, condo investment becomes an even more enticing and potentially lucrative opportunity.

For those interested in learning more about Bagnall Haus properties, they can check out the latest listings or ask Buddy for assistance. Additionally, they can peruse the project summary for Bagnall Haus condo, compare the price trend of HDB versus Condo versus Landed properties, view recently launched projects, or find out about upcoming new launch projects. By comparing the price trend of Condo new sale versus EC new sale, potential buyers can make informed decisions and find their dream home at Bagnall Haus.…