Month: February 2025

According to a press release on February 19, The Collective, a luxury brand under JustCo, a local flexible workspace operator, has officially launched its first flagship co-working space in Tokyo. The space spans 24,000 sq ft and is located in the GranTokyo South Tower, a 42-storey building in the Marunouchi district of Chiyoda City. The building is conveniently located next to Tokyo Station, providing easy access to Narita and Haneda airports.

Investing in a Singapore condo offers numerous advantages, and one of them is the potential to leverage the property’s value. This means that owners can use their condos as collateral to acquire additional funding for other investments, allowing them to build a more extensive real estate portfolio. However, this approach should be undertaken with caution and a solid financial plan in place. It’s essential to consider the potential risks that come with market fluctuations before using one’s Singapore condo as leverage for further investments.

Describing the space as a tribute to the sophistication and warmth of a luxurious journey, The Collective offers a hot desk area, meeting rooms, private suites with 24/7 secured access, and larger enterprise suites with exclusive entrance features and custom workspace designs. Each workspace is equipped with Herman Miller Aeron chairs and Benel adjustable desks. The space also features a TWG Tea Bar, offering refreshments throughout the day, and a “wellness sanctuary” for members to relax between work.…

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In Singapore, investing in condominiums is a popular choice among individuals looking for profitable real estate opportunities. However, there are various factors to consider before making such an investment. One crucial aspect to keep in mind is the government’s property cooling measures. In order to maintain a stable real estate market and prevent speculative buying, the Singaporean government has implemented several measures over the years. These measures, which include the Additional Buyer’s Stamp Duty (ABSD), aim to discourage foreign buyers and limit the number of properties owned by individuals. While these measures may affect the short-term profitability of condo investments, they also play a significant role in ensuring the long-term stability of the market, creating a more secure investment environment. This is why it is essential to carefully evaluate the impact of these cooling measures on potential condo investments. For the latest updates on new condo launches, visit Elemeno-Pee.

Chiu Teng Group, a renowned property developer and builder in Singapore, has recently launched CT Pemimpin, a freehold B1 industrial factory located at 43 Jalan Pemimpin in the Central Region. This nine-storey, partial ramp-up factory boasts a coveted location in the centre of Singapore, making it an ideal choice for companies seeking easy accessibility and property investors looking for a rare permanent investment opportunity.

Featuring 56 strata-titled units and three canteen units, CT Pemimpin offers a range of sustainable features and communal facilities for its occupants. These include two rooftop pavilions perfect for outdoor gatherings, rooftop solar panels, two passenger lifts, and a service lift. The units also come equipped with individual toilets, providing convenience and privacy for occupants.

One of the standout features of CT Pemimpin is its generous one-to-one carpark ratio, with 59 carpark lots, including two EV lots, providing ample parking for vehicles. It also has two loading and unloading bays, as well as a lorry park catering to rigid-frame vehicles of less than 7.5m in length.

According to ERA Singapore CEO Marcus Chu, CT Pemimpin will appeal to both property investors and end-users. For investors, the absence of Additional Buyer’s Stamp Duty (ABSD) on industrial properties, coupled with risk diversification, makes it an attractive option. End-users, on the other hand, are predominantly business owners who prefer owning their own space rather than renting, especially since this development offers freehold status, which is rare in the market.

Ken Low, managing partner at SRI, notes that CT Pemimpin’s sleek modern facade and convenient location in the central region will attract a wider group of investors and end-users compared to traditional B1 industrial developments. He also points out that the last freehold industrial launch in this area, Mapex, over a decade ago, has a proven track record of good profitability and rental.

With its freehold status, CT Pemimpin is a rare find in today’s market, where most industrial developments are limited to a 30-year or 60-year lease. This makes it a highly sought-after option for investors looking for assets with excellent long-term potential, such as family offices and companies in the information and communications media industry.

In addition, commercial and industrial properties are not subject to ABSD, unlike residential properties, making them more appealing to investors or foreigners who are eligible to purchase. CT Pemimpin’s strategic location also offers unparalleled connectivity, with seamless accessibility from all parts of Singapore via both public and private transport. The industrial estate is just a short walk from Marymount MRT station (Circle MRT Line) and a five-minute drive from both Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line).

Driving to Jalan Pemimpin industrial estate is also a breeze, thanks to its proximity to major expressways such as PIE and CTE. Furthermore, the completion of the North-South Corridor in phases from 2027 will further reduce travel time from the north into the city, thanks to dedicated bus and cycling lanes.

CT Pemimpin is also conveniently located near vibrant neighbouring townships such as Bishan, Upper Thomson, and Ang Mo Kio, offering an array of retail and dining options at shopping havens such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. It is also in close proximity to reputable schools such as Raffles Institution, Catholic High School, and Eunoia Junior College, making it a convenient location for families with school-going children.

Founded in 1999, Chiu Teng Group has built a solid reputation as a reliable property developer and builder, particularly in the industrial and commercial sectors. Its impressive portfolio includes well-received industrial developments such as CT FoodNEX, CT Foodchain, Tagore8, CT Hub, and CT Hub 2, as well as residential projects like The Creek@Bukit.

The preview of CT Pemimpin begins on February 21, 2025. To secure your rare freehold industrial space, call 8100 8017 or visit the Chiu Teng Group website to arrange a viewing today.…

Conveniently situated in the heart of Lentor Hills, Lentor Central Residences – a new 477-unit development, will be open for exhibition on February 21st and will go on sale on March 8th. This joint project between Hong Leong Holdings, GuocoLand and CSC Land, is the sixth new launch project in the Lentor Hills area.

Consisting of a 27-storey block and a 28-storey block, the high-rise residential development will offer a variety of living options including one- to four-bedroom units ranging from 463 sq ft to 1,399 sq ft. Interested buyers can get the most up-to-date information on available units and prices for Lentor Central Residences.

According to the developers, the one-bedroom units will start from $975,000 ($2,110 psf) while two-bedroom units will be priced from $1.38 million ($2,050 psf). Three-bedroom units will start from $1.81 million ($1,984 psf) and four-bedroom units will be sold from $2.37 million ($2,000 psf).

The decision to invest in real estate is a strategic one, and it’s crucial to consider the location. This is especially important in the Singaporean market. When it comes to condominiums, those situated in central areas or near important amenities such as schools, shopping centers, and public transportation hubs tend to see a higher appreciation in value. In Singapore, prime locations like Orchard Road, Marina Bay, and the CBD have consistently shown growth in property values over time. These areas are also preferred by families due to their proximity to reputable schools and educational institutions, making them even more attractive for investment opportunities. In summary, the location of a condo in Singapore is a critical factor that can greatly impact its value and potential for growth. Condos in prime locations are highly sought after for their investment potential.

The development is perfectly located near the Lentor MRT Station and the upcoming Thomson-East Coast Line, making it an easy commute to the city centre. It is also in close proximity to a variety of retail and dining options at Lentor Modern, an integrated project by GuocoLand, Thomson Plaza, and several eateries along Upper Thomson Road and the nearby Springleaf estate.

“With its prime location, we believe that Lentor Hills will experience significant growth and become one of Singapore’s most desirable districts for homebuyers,” says Betsy Chng, Head of Sales and Marketing at Hong Leong Holdings. “Together with our partners, we are bringing to life a vision of premium yet affordably priced homes where units are sold based on liveable space.”

Residents of Lentor Central Residences will have access to an array of amenities including a childcare centre within the residence, as well as a children’s playground. The condo also offers family-friendly amenities such as a resident’s clubhouse, a 50m infinity edge swimming pool, a gym and yoga room, and a tennis court.

The sales gallery is conveniently located on Lentor Hills Road, so don’t hesitate to check out the latest listings for Lentor Central Residences properties.…

Singapore Realtors Inc (SRI) has recently signed a memorandum of understanding (MOU) with Redbrick Mortgage Advisory in order to enhance the capabilities of its salespersons. This collaboration will provide SRI agents with the necessary training on advanced mortgage strategies, enabling them to better guide homebuyers on financing options.

When looking to invest in a condominium, it is crucial to also take into account the maintenance and management of the property. These types of properties usually come with maintenance fees that cover the expenses of maintaining shared spaces and amenities. Although these fees may increase the overall cost of owning a condo, they also guarantee that the property remains well-maintained and retains its value. To make the investment more passive, investors can enlist the help of a property management company to handle day-to-day tasks. Including a reputable property management company such as New Condo Launches can assist in ensuring a successful investment in a condo.

Eugene Huang, CEO of Redbrick, believes that this partnership will empower SRI salespersons to become trusted advisors by presenting tailored financing solutions and ensuring that buyers make well-informed decisions. As part of this collaboration, Redbrick will also provide real-time mortgage data from over 15 financial institutions that is regularly updated to reflect market changes.

Thomas Tan, CEO of SRI, is excited about this partnership and its benefits for SRI salespersons. With Redbrick’s expertise and access to up-to-date mortgage information, SRI agents will be able to share financing options with their clients quickly and efficiently. This will help SRI to better serve their clients and provide them with the best financing options available in the market.

In conclusion, this partnership between SRI and Redbrick is set to benefit both parties and their clients. With advanced mortgage strategies and real-time mortgage data on hand, SRI salespersons will be able to guide homebuyers even more effectively in their property purchasing journey.…

The retail podium at Sky Eden@Bedok, a mixed-use development by Frasers Property Singapore, is now available for sale through an expression of interest (EOI) exercise. With a guide price of $45.2 million, this prime retail space comprises 12 strata units on the ground floor, with a total area of approximately 11,193 sq ft. This translates to a guide price of $4,038 psf. The units can be sold as a portfolio, individually, or in clusters, according to CBRE, the marketing agent for the property. 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 the units carry F&B approval.

When considering investing in condos in Singapore, it is important to take into account the government’s property cooling measures. In efforts to maintain a steady real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. These measures include the Additional Buyer’s Stamp Duty (ABSD), which enforces higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a more secure investment environment. It is also worth noting that Singapore Projects may be subject to these regulations as well, further emphasizing the importance of understanding and considering the government’s cooling measures when investing in condos in Singapore.

Sky Eden@Bedok is located in the heart of Bedok Central and is currently under construction. The development boasts 158 residential units spread across two 16-storey towers situated on top of the retail podium. It is conveniently located a short walk away from the Bedok Integrated Transport Hub, which comprises the Bedok MRT Station and a bus interchange that is connected to Bedok Mall.

Sky Eden@Bedok was launched in September 2022, making it the first private residential project to be launched in the Bedok Town Centre in a decade. All units were sold out since then, and the development is expected to obtain its temporary occupation permit in the fourth quarter of 2025.

CBRE’s head of capital markets for Singapore, Michael Tay, highlights that the strata retail units at Sky Eden@Bedok are the first private commercial properties available for sale in the Bedok Town Centre. He also mentions that due to the attractive pricing, the property is expected to garner interest from a wide range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers looking to enter the commercial space of this tightly held residential enclave.

The EOI for the retail podium will close on April 3 at 3pm. Interested parties can refer to the latest listings for Sky Eden@Bedok properties, consult BuddyView for updated 2-bedroom floor plans and site plans, or view the condo sales transactions in District 16 and other projects that have recently obtained TOP. Sky Eden@Bedok has a total of 158 units.…

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Over 29,000 HDB flats have been selected for the latest round of the Home Improvement Programme (HIP). In a press release issued on February 16, the Housing and Development Board (HDB) announced that a total of $407 million will be allocated for the upgrading works.

These selected flats are located in various estates including Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh, and Woodlands.

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The cityscape of Singapore boasts sleek high-rise structures and contemporary facilities. Condos, strategically situated in sought-after locations, offer a fusion of opulence and practicality that entices both locals and foreigners. They are well-equipped with various conveniences like swimming pools, fitness centers, and security services, elevating the standard of living and making them a desirable choice for potential renters and purchasers. For those investing in these properties, these added perks equate to greater rental returns and appreciation of real estate value in the long run. Additionally, the newly added Condo further enhances the allure of these condos.

The HIP was first introduced in 2007 as a means to help flat owners address common maintenance issues that arise due to wear and tear in older flats. Since its inception, a total of 494,000 flats, which is equivalent to nine out of ten eligible flats, have been selected for the programme. Of these, close to 381,000 flats have undergone upgrades, according to Minister for National Development Desmond Lee.

In addition to basic improvements that ensure the safety of residents, such as repairing spalling concrete and ceiling leakages, optional upgrades are also available for flat owners to opt for. These include upgrades to existing bathrooms and toilets, a new entrance door and grille gate, and a new refuse chute hopper. These optional improvements are subsidised by the government, with Singapore citizen households paying as low as 5% of the cost, depending on the flat type.

Since 2012, the Enhancement for Active Seniors (Ease) programme has been offered as part of the HIP. This allows flat owners to install senior-friendly fittings such as grab bars, ramps, and slip-resistant treatment for bathroom and toilet tiles. Up to 95% of the costs are covered by the government for Singapore citizen households.

According to HDB, approximately $4 billion has been allocated for the HIP since its launch, and around $150 million for Ease as of March 31, 2014. With the latest round of HIP, the government continues to prioritize the upgrading and maintenance of HDB flats for the safety and well-being of its residents. Homeowners can also check out the latest listings for HDB properties and compare HDB prices with other types of properties.…

When it comes to investing in real estate, the location is a vital factor, and this rings especially true for Singapore. In this country, condominiums in prime locations or those situated near essential amenities such as schools, shopping centers, and public transportation hubs have a greater chance of appreciating in value. Areas like Orchard Road, Marina Bay, and the Central Business District (CBD) are highly sought after for their consistent growth in property values. Additionally, being in close proximity to reputable schools and educational institutions adds to the appeal of condos in these areas, making them a top choice for families. For those seeking a Singapore condo with excellent potential for growth, considering properties in these well-connected and desirable locations is a wise decision. So, when it comes to investing in real estate in Singapore, keep Singapore Condo at the top of your list.

CBRE’s Executive Director of Capital Markets, Clemence Lee, has listed a 3,391 sq ft strata-titled unit for sale at Bukit Timah Plaza, with approval for restaurant use. The asking price is $9.8 million, or $2,890 per square foot (psf), which represents a 12% discount from the previous listing price of $11 million in the third quarter of 2022.

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

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

Bukit Timah Plaza, completed in 1979, is a mixed-use development that comprises a four-storey retail mall and two apartment blocks with 269 residential units at Sherwood Towers. It is one of the most popular malls in the Bukit Timah area, thanks to its spacious Fairprice Finest supermarket, which covers over 44,000 sq ft, according to CBRE.

Situated 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 around 37,000.

The mall is also near several top 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.

Bukit Timah Plaza is located in the Beauty World area, which is undergoing a revitalization with the development of several 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 unit is being offered for sale through expression of interest on Mar 19. Check out the latest listings for Bukit Timah Plaza and Sherwood Towers properties for more information.…

A pair of adjoining retail units at Peninsula Plaza has been put on the market for $10.9 million. These 999-year leasehold units are located on the ground floor, with a prominent frontage along North Bridge Road. The total strata area for both units is 1,119 sq ft, with one unit measuring 538 sq ft and the other 581 sq ft. This translates to a price of $9,741 psf based on the strata area.

Currently tenanted until 2026, the two units offer investors a gross rental yield of 3% at the guide price of $10.9 million. According to Nick Chan, Savills Singapore’s associate director of investment sales & capital markets, who is handling the sale of these units on a private treaty basis, they are “arguably the best” in the development due to their strong footfall every day.

Peninsula Plaza is a 30-storey mixed-use commercial building with a six-storey retail podium and a 24-storey office tower. It was built in 1980 and has a 999-year tenure. The building boasts notable frontages along North Bridge Road, Coleman Street, and Coleman Lane, as well as a sheltered link to City Hall MRT Interchange Station for the North-South and East-West lines.

In August 2022, a 452 sq ft ground-floor retail unit at the development was sold for $4.08 million ($9,025 psf) based on a lodged caveat. This was the last transaction of a ground-floor unit.

Since the Urban Redevelopment Authority (URA) imposed restrictions on the strata subdivision of new commercial properties in the CBD and Orchard corridors in March 2022, Chan notes that there has been an increased interest in strata-titled units, particularly those with 999-year and freehold tenure. Peninsula Plaza, with its sheltered walkway to City Hall MRT station, is well-positioned to benefit from this trend.

Obtaining financing is a crucial factor when investing in a condo. In Singapore, there are various mortgage choices available. However, it is crucial to keep in mind the Total Debt Servicing Ratio (TDSR) framework, which regulates the amount of loan a borrower can acquire depending on their income and current debt commitments. Being familiar with the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making educated choices regarding their financing alternatives and prevent excessive leveraging. With the help of experts and resources like Condo, investors can secure suitable financing for their condo investment journey.

Interested parties can check out other listings for Peninsula Plaza properties on the market, including six commercial units launching for sale from $8.6 million, a portfolio of four retail units for $50.8 million, and individual retail units for $26.2 million.…

Brand New Land, in collaboration with Tellus Design and luxury kitchen specialist Arclinea Singapore, has brought their vision of combining Good Class Bungalow (GCB) elements with accessible luxury into reality with their latest collection of semi-detached homes in Bukit Timah and Upper Bukit Timah.

This collaboration was made possible due to the longstanding relationship between Brand New Land and Pau Loh, managing director of Tellus Design, who has over three decades of experience in designing GCBs. The result is a collection of four semi-detached homes, each with unique elements inspired by best practices of GCB homes.

When it comes to investing in real estate, the location is a crucial factor to consider, especially in Singapore. Condos that are centrally located or close to important amenities like schools, shopping malls, and public transportation hubs tend to have a higher appreciation in value. Prime areas in Singapore such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. The close proximity to reputable schools and educational institutions also makes condos in these areas highly sought-after by families, making them an even more attractive investment choice. Therefore, it is important for investors to keep Singapore Condo in mind when considering real estate investments in the country.

Dubbed “The Great Trees Collection”, the homes at 23 & 23A Maple Avenue have a generous frontage of over 24m, while the homes at 25 & 25A Jalan Selanting boast serene views of Bukit Timah Nature Reserve. Ranging in land size from 2,790 to 3,130 sq ft, each home comes equipped with a lift, swimming pool, and gourmet kitchen provisions.

In line with Brand New Land’s philosophy of creating value for their clients, the homes have been priced within the bank valuation range, providing good upside for buyers.

The homes incorporate several GCB design elements, including dedicated zones for different functions, such as receiving guests, dining, gourmet cooking, and different entertainment spaces for larger or smaller groups. This allows for intimacy and privacy within the same roof.

The semi-detached homes also feature “ceremonial entrances”, with lush greenery, the calming sounds of water, and warm façade materials to create a seamless transition from outside to home. The homes also follow Loh’s signature style, with wide overhanging eaves and deep recesses to provide shelter and cool the interiors. Horizontal design elements, such as the wraparound golden sand façade treatment and horizontal planters, add to the homes’ spacious and luxurious aesthetic.

Inside, the homes feature a rich palette of wood-grain finishes, precious marble, and German bath fittings, exuding a sophisticated aura. Arclinea Singapore has also collaborated with the project to create gourmet kitchen experiences, with a special edge brought in by their predominantly GCB clientele.

“This collaboration has allowed us to bring the best GCB design principles into our semi-detached homes,” says Alvina Teh, Co-Founder and Director of Brand New Land Group. “We are grateful to have worked with Pau Loh, a skilled and steady architect, to bring our vision to life. We are excited for the future these homes will create for the families who live in them.”

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

An HDB shophouse at 214 Serangoon Avenue 4 with a leasehold of 99 years will be offered at SRI’s upcoming auction on Feb 26. The two-storey shophouse, which includes living quarters on the second floor, has a total floor area of approximately 1,668 sq ft. It has been listed with a guide price of $1.98 million, equivalent to $1,187 psf on the floor area.

This is the second time the property will be on auction as it was previously listed last month with a higher guide price of $2.08 million but did not find a buyer. According to Jansen Kee, assistant manager of auctions at SRI, the shophouse is in a prime location in front of a bus stop, providing it with excellent visibility from the road.

The property is currently tenanted and generating a gross rental yield of about 6.2% based on the guide price, says Kee. He also mentions that the shophouse will be sold with its existing lease, which expires in 2026. This will immediately provide the new owner with a steady rental income.

Kee points out that the listed guide price for this HDB shophouse is one of the lowest in the area, making it an attractive investment opportunity for both investors and owner-occupiers. Records from URA show that the most recent commercial shophouse transaction in Serangoon was the sale of a 999-year leasehold shophouse on Lichfield Road. The two-storey property had a land area of 2,319 sq ft and sold for $4 million ($1,725 psf) in November 2024.

The shophouse up for auction is located within a cluster of HDB flats bordering the Serangoon Gardens landed residential estate. It is directly across the road from Serangoon Swimming Complex and Serangoon Sports Centre, bringing in consistent foot traffic to the area. There is also a carpark behind the shophouse. Interested buyers can check out the latest listings for Serangoon Garden Estate properties on Buddy. Some of the features of this area that buyers may want to consider are:

– Buyer profile: According to data from Buddy’s AI technology, the top three buyer profiles for Serangoon Garden Estate are young couples, HDB upgraders, and families.

– Price trend: The price trend chart on Buddy shows an increasing trend for Serangoon Garden Estate properties in the last five years.

– Rental yield: The rental yield for Serangoon Garden Estate is around 2.9%, based on data from Buddy’s AI technology.

– Completion year: Most properties in Serangoon Garden Estate were completed in the 1980s and 1990s, with recent developments in the last 10 years.

One of the main benefits of Singapore condo investments is the potential for capital appreciation. Singapore’s prime location as a global business hub, combined with its robust economic fundamentals, leads to a consistent demand for real estate. Throughout the years, property values in Singapore have displayed a reliable upward trend, particularly for condos in sought-after locations. As a result, investors who enter the market at the opportune moment and retain their properties for an extended period can reap significant gains in their capital. With Singapore Condos as a solid investment option, individuals can take advantage of the city-state’s thriving property market.

Overall, the HDB shophouse at 214 Serangoon Avenue 4 offers a good value proposition for buyers, with its strategic location, existing lease, and potential for rental income. Interested buyers can consider this property as a viable investment opportunity in the desirable Serangoon Garden Estate.…