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When it comes to investing in real estate, one of the most important aspects to consider is the location. This is particularly true for properties in Singapore. Condominiums that are located in central areas or in close proximity to important amenities such as schools, shopping malls, and public transportation hubs tend to have a higher potential for appreciation in value. Prime locations in Singapore, like Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown strong growth in property values. Moreover, the convenience of being near reputable schools and educational institutions adds to the appeal of these condos for families, making them even more attractive for investment. To find out more about lucrative Singapore condo properties, visit Singapore Condo.

The latest data from C&W has revealed that the total value of property deals in Singapore’s capital market has hit $25.8 billion between January and November this year. This is a significant increase of 40.2% compared to the $18.4 billion recorded in 2023. C&W defines capital market transactions as deals that exceed $10 million in value.

According to Wong Xian Yang, the head of research for Singapore & Southeast Asia at C&W, nearly 60% of the capital market deals were made in the second half of 2024. This surge in activity can be attributed to the growing interest from investors and increased confidence in the US Treasury’s plan to cut interest rates.

Out of the total capital market deals made in 2024, three deals worth over $1 billion were transacted in the second half of the year. The largest deal by absolute price was the sale of a 50% stake in ION Orchard mall for $1.85 billion to CapitaLand Integrated Commercial Trust (CICT) on September 3. The remaining 50% stake is held by Hong Kong-listed property developer Sun Hung Kai Properties.

ION Orchard, a popular eight-storey retail mall located in the city’s shopping belt and directly linked to the Orchard MRT Station, was the highest-valued deal of the year. It boasts a net lettable area of 623,000 sq ft and houses more than 300 international and local brands. Above the mall, there is also a luxury condo tower called The Orchard Residences, which has 175 units spread across 54 storeys.

Another notable trend in Singapore’s capital market this year was the surge in investment activity in the industrial sector. According to Wong, investments in this sector reached $5.6 billion in just the first 11 months of 2024, marking a 174% increase from the previous year. The biggest deal in this sector was the $1.6 billion divestment of a portfolio of seven industrial properties by Soilbuild Business Space REIT to a joint venture owned by private equity firm Warburg Pincus and Australia-listed Lendlease Group in August. The portfolio included 4.5 million sq ft of business parks and specialist facilities across various industries.

The second-highest capital market deal of the year was the sale of two data centres to Singapore-listed Keppel DC REIT for $1.38 billion. The seller was a joint venture between Keppel and Cuscaden Peak Investments. These data centres, known as Keppel DC Singapore 7 and Keppel DC Singapore 8, are fully contracted to cloud services, internet enterprises, and telecommunications providers.

Despite the overall success in the capital market this year, there were four Government Land Sales (GLS) sites that went unawarded. These sites, which were on the Confirmed List for 2024, include a 6.5ha master developer white site in the Jurong Lake District, a 1.73ha white site at Marina Gardens Crescent, a 62,046 sq ft site at Media Circle, and a 262,875 sq ft site at Upper Thomson Road. The main reason for the failure to be awarded was the low bid prices due to site-specific concerns and higher interest rate concerns.

However, experts are anticipating a more significant number of capital market deals in 2025. According to C&W’s Wong, with the US Fed expected to cut interest rates further next year, there is a positive outlook for investment sales volumes in the coming year. Additionally, as overall borrowing costs remain higher than pre-pandemic levels, asset owners may look to divest and rebalance their portfolios, leading to more assets being brought to the market. CBRE Research also forecasts a 10% growth in investment volumes from the previous year, barring any significant economic shocks.…

Consumer spending in 2024 has been weaker than expected, which will likely result in lower rental forecasts for Singapore’s retail property market by the end of the year. Alan Cheong, executive director of research and consultancy at Savills Singapore, reports that the y-o-y change in the monthly retail sales index (excluding motor vehicles) and food and beverage (F&B) sales index has mostly been negative throughout the year. As a result, Cheong forecasts a 2% increase in rents for retail properties in the prime Orchard Road submarket for the full year, falling short of the initial 3% to 5% expectations at the beginning of the year.

Investing in a condominium in Singapore has become an increasingly popular option for both local and foreign investors, thanks to the city-state’s strong economy, stable political climate, and exceptional quality of life. Singapore’s real estate market is teeming with opportunities, with condominiums being particularly attractive due to their convenience, amenities, and potential for significant returns. Singapore Projects, such as those offered by Elemeno-Pee, offer a diverse range of options for those looking to invest in the city-state’s real estate market. In this article, we will dive into the advantages, considerations, and necessary steps for investing in a condominium in Singapore.

However, Cheong expects suburban retail rents to remain flat through the end of the year, in line with his original rental forecast for this segment. According to research jointly published by DBS and the Singapore Management University (SMU), consumer concerns over higher-than-expected inflation have mostly moderated in recent quarters. The research also found that most Singaporeans expect inflation to stabilise in the coming quarters due to the global economic slowdown, high interest rates, and potential easing of supply chain disruptions.

Meanwhile, retail spending data from the Singapore Department of Statistics revealed a 0.3% y-o-y increase in retail sales (excluding motor vehicles) in October, reversing the 1.5% y-o-y decline in September. Cheong notes that consumer spending keeping pace with inflation would be a more positive outcome for the retail market. However, the fact that it has been relatively low means it could pose financial challenges to businesses in the industry.

Despite a packed calendar of headline concerts, conferences, and exhibitions in Singapore this year, retail spending and rental rates saw limited support, according to research by CBRE. While concerts by international stars like Taylor Swift, Blackpink, Coldplay, and Westlife attracted over 500,000 attendees, contributing between $350 million and $450 million in tourism receipts, other MICE events had a nuanced effect on retail activity. Business event attendees tend to stay exclusively at the event venue, and even the Formula One Grand Prix, which generates an annual average of $125 million in tourist receipts, did not significantly boost foot traffic in Orchard Road.

However, Sulian Tan-Wijaya, executive director of retail and lifestyle at Savills Singapore, notes that Singapore’s status as a regional hub continues to attract noteworthy new-to-market brands. Notable new retail stores include KSisters, The Pace, Brands for Less, and Hoka, as well as new F&B concepts like Sushi Samba and coffee chains like Blue Bottle, Grey Box, and Puzzle Coffee. New restaurant concepts with entertainment, like Centre of the Universe, just opened in the CBD area, while another new player, Rasa, is set to open in December. These new entrants have bolstered demand for retail spaces and supported rental growth, particularly in central Singapore.

Tan-Wijaya also observes the emergence of new wellness concepts and restaurants offering entertainment, which are expected to enhance the vibrancy of Singapore’s dining scene. As a result, all prime shopping malls along Orchard Road have enjoyed relatively high occupancy rates this year, as retail businesses have strong confidence in the retail market. Cheong adds that Singapore remains an attractive destination for new-to-market brands entering the region, spanning retail, F&B, and other lifestyle concepts.

Looking ahead, retail landlords may have more flexibility next year to implement positive rental adjustments as the supply of new retail spaces becomes more limited. This will allow them to strategize and position their malls to remain relevant in the rapidly evolving consumption patterns of both locals and tourists. Similarly, Cheong expects more retailers to take advantage of this opportunity to optimize their real estate strategies, including right-sizing their spaces, establishing additional kiosks, closing under-performing branches, or shifting cooking operations to central kitchens.

“There is strong momentum in the entry of new-to-market F&B brands into Singapore, and this trend is expected to continue in the first half of 2025,” says Cheong, adding that there is also expected to be an increase in the entry of new wellness concepts and restaurants offering entertainment. In conclusion, while weaker-than-expected consumer spending may dampen rental forecasts for Singapore’s retail property market this year, the entry of new-to-market brands and the emergence of new concepts may provide support for the overall market in the coming years.…

Assessing the potential rental yield is a crucial aspect to consider when contemplating a condo investment. The rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary significantly depending on factors such as location, property condition, and market demand. The areas with high rental demand, such as those situated near business districts or educational institutions, generally offer more favorable rental yields. For a better understanding of a specific condo’s rental potential, it is advisable to conduct thorough market research and consult with real estate agents. Additionally, Singapore Projects can provide valuable insights into the rental potential of a condo.

2024 has been a year filled with challenges for the global luxury goods market. Due to macroeconomic uncertainty and increasing prices, consumers have been cutting back on their spending on luxury retail items. According to a report by Bain & Company, global sales of personal luxury goods are expected to decline by 2% this year, with key market China estimated to have experienced a decline of 20-22%. Major luxury brands such as Richemont Luxury, LVMH, and Moncler Group have reported slight declines in earnings, while Kering saw more significant decreases.

However, there have been some outliers in the industry that have seen growth despite these challenges. Hermes and Prada Group, which also owns Miu Miu, reported double-digit earnings growth. Despite the overall decline, Singapore remains an important market for luxury brands, with Euromonitor reporting an 11% growth in sales of luxury goods in 2023 to reach $9.1 billion.

In recent years, luxury brands such as Dior, Chanel, and Louis Vuitton have embraced robust digital strategies, including e-commerce and digital marketing, to engage with customers. This is crucial in a world where consumer behaviors, expectations, and preferences are rapidly evolving. Additionally, these brands have recognized the importance of creating offline shopping experiences to build closer connections with their customers.

Flagship stores are getting bigger and bolder as luxury brands aim to provide unique and elevated experiences for their top-tier clients. Louis Vuitton recently opened a new 690 sq m “apartment concept” space at Ngee Ann City dedicated to its “VICs” or very important clients. Burberry is another brand that has invested in creating immersive store experiences, with extensive renovations at their Marina Bay Sands and Paragon stores, as well as a new Orchard Road street-facing store at Wisma Atria.

Despite the challenges faced in 2024, the luxury goods market is expected to see growth in 2025 and beyond. This can be attributed to factors such as the steady growth of high-net-worth individuals (HNWIs) worldwide, the interest in luxury goods from Millennials and Gen Z, the resurgence of tourists from China, and the growth of travel retail, especially in Japan.

Looking to the future, some trends that we can expect to see in the luxury goods industry include personalization and customization to build stronger connections and brand loyalty with customers, as well as leveraging AI and digital experiences to better understand customer wants and complement offline experiences.

Some luxury brands are already leading the way in embracing innovative AI technology. Dior’s AI platform, Astra, gathers data from various channels to stay in tune with customer preferences. Balenciaga made headlines with their Winter 2024 collection fashion show, where they transformed the runway and set into an immersive digital canvas using AI-driven digital distortions. Brunello Cucinelli even created a separate website powered entirely by generative AI.

Despite the challenges faced in 2024, the luxury goods market continues to grow and evolve. With Millennials and Gen Z making up a significant portion of the consumer base, luxury brands will continue to embrace advanced technology and platforms while creating unique and immersive physical store experiences.…

Swiss brand V-ZUG is renowned for its focus on simplicity and quality in its timeless approach to product design. While the interior design world is constantly changing, the brand believes that functionality and elegance will never go out of style. This philosophy has guided V-ZUG since 1913, making it a top choice for developers and designers of luxury residences worldwide, from its home base in Switzerland to cities like Shanghai, London, and Singapore.

One of the key elements that sets V-ZUG apart is its emphasis on sleek and durable design. By blending traditional craftsmanship with contemporary aesthetics, the brand has become a leader in shaping modern kitchen designs. This is achieved through a rigorous quality control process that ensures every appliance, from ovens to induction cooktops and fabric preservation appliances, delivers top performance and meets the brand’s strict standards. To maintain its commitment to sustainability, V-ZUG conducts extensive research before production begins to determine the most suitable eco-friendly practices for each appliance.

As part of its efforts to go green, V-ZUG uses Circle-Green recycled stainless steel by Outokumpu which generates only 7% of the emissions associated with producing traditional stainless steel. In addition to its focus on quality and sustainability, V-ZUG also consults with renowned chefs from Michelin-starred restaurants to ensure that its kitchen appliances meet the needs of passionate home cooks. This combination of professional-grade technology and minimalist design language helps elevate the daily culinary experience to a higher level.

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Rewritten: The cityscape of Singapore stands out for its impressive skyscrapers and modern infrastructure. In this bustling metropolis, there is a wide selection of well-located Condos that offer the perfect combination of luxury and convenience, making them highly sought after by both locals and expatriates. These luxurious residences boast a range of desirable amenities, including refreshing swimming pools, state-of-the-art fitness centers, and top-notch security services, all aimed at providing an elevated standard of living. It is no surprise that Condos have become a top choice among potential residents and buyers. For real estate investors, these exceptional features translate to profitable rental income and a consistent increase in property value over time. With Condos now a prominent part of Singapore’s urban landscape, the city has truly reached the epitome of sophistication and convenience. Condo has played a significant role in elevating the city’s skyline and enhancing the living experience for its residents.

In terms of aesthetics, V-ZUG strives for seamless integration with any home. Its range of products and minimalist design ethos make it easy to find the perfect appliance for any household. Take, for example, their series of wine cabinets, including the full-height WineCooler V6000 Supreme and the WineCooler Undercounter Swiss Luxury (UCSL). Despite their different sizes, all V-ZUG wine cabinets have two temperature zones, making them suitable for storing different types of wine. This level of customization allows for a perfect fit in any space without compromising the brand’s commitment to quality.

Consistency is another key factor in V-ZUG’s appliance designs. The brand’s focus on clean, sleek lines and mirrored glass fronts ties all its products together seamlessly. Achieving this level of simplicity is no easy feat, and V-ZUG pays attention to even the smallest details, such as the way a wine cabinet’s doors open and close and the hues of LED lights on a refrigerator. The brand’s commitment to excellence is evident in every aspect of its appliances, resulting in a harmonious and practical home.

Beyond the kitchen, V-ZUG also offers products like the RefreshButler, which sanitizes and deodorizes garments. This commitment to quality and simplicity is what sets V-ZUG apart as the go-to brand for those looking for high-end appliances that offer both functionality and elegance. Whether it’s for the kitchen or other areas of the home, V-ZUG remains committed to its timeless design philosophy, making it a top choice for luxury living.…

Singapore has witnessed a consistent surge in demand for condos, and this can be attributed to various factors. However, one of the main reasons behind this phenomenon is the limited availability of land. As a small island nation with a rapidly expanding population, Singapore faces the challenge of scarcity of land for development. As a result, the government has put in place strict land use policies, making the real estate market highly competitive. This, in turn, drives up property prices, making real estate investment, especially in condos, a profitable venture with the promise of capital appreciation. With the addition of Singapore Projects, the demand for condos is expected to remain high in the coming years.

Industrial unit at Gul Circle on sale for $4.5 mil Industrial building at Little Road up for sale at $9.5 mil

VisionPower Semiconductor Manufacturing Company (VSMC) has recently made headlines for breaking ground on a new wafer manufacturing facility in Tampines. The US$7.8 billion ($10.5 billion) plant, set to begin initial production in 2027, is expected to produce 55,000 wafers per month by 2029 and create around 1,500 job opportunities. VSMC, a joint venture between Vanguard International Semiconductor Corporation from Taiwan and NXP Semiconductors from the Netherlands, is not the only company expanding its presence in Singapore. In March, Toppan Holdings from Japan started construction on a new factory in the Jurong Lake District that will produce semiconductor packaging materials. With an estimated investment of $450 million, Toppan’s project is set to further enhance the country’s position as a global hub for semiconductor production. According to Leonard Tay, the head of research at Knight Frank Singapore, these expansions are a result of companies wanting to strengthen their supply chain resilience by setting up facilities and R&D campuses in Singapore. He adds that the country’s stability amid ongoing geopolitical tensions in other parts of the world is a major factor in attracting these businesses.

The global semiconductor industry has witnessed a rebound in recent years after facing a downturn in 2023 due to softening demand and high supply. According to research by Omdia, revenue in the industry has increased by 26% year-on-year in the first three quarters of 2024. This is a drastic turnaround from the previous year, when the industry saw a 9% decline with a total revenue of US$544.8 billion. This recovery has had a positive impact on Singapore’s manufacturing sector, with a growth in output of 11% year-on-year in the third quarter of 2024. This was mainly driven by the electronics cluster, which saw a strong demand for semiconductor chips used in smartphones and PCs.

However, the growth in Singapore’s industrial property market has been more subdued compared to the previous year. While the JTC All Industrial Rental Index has continued to rise for the 16th consecutive quarter since the third quarter of 2020, the momentum has slowed down. The index recorded an 8.9% increase in rents in 2023, but this growth has progressively slowed down in the first three quarters of 2024, with an increase of 1.7%, 1%, and 0.3% respectively. This plateauing trend is attributed to a more cautious sentiment among occupiers due to the uncertain macroeconomic environment. Catherine He, Colliers’ head of research for Singapore, notes that occupiers have become more prudent with their budgets and are looking for flexible options to adapt to the changing market dynamics. The rise in consolidations in the third-party logistics and e-commerce space has also contributed to this trend.

However, the impact of these factors has been uneven across different segments. While the multiple-user factory and warehouse segments have remained resilient with increasing rents and stable occupancy rates, the single-user factory segment saw a decline in both rents and occupancy in the third quarter of 2024. This was the first time since the third quarter of 2020 that this segment recorded a rental decline. Business park rents also dipped, despite a marginal increase in occupancy. This mixed performance in the industrial property market can be attributed to the supply-demand imbalance in certain segments, as well as the cautious sentiment among occupiers.

Although the leasing activity has been mixed, the industrial sales market has been more lively. There were several significant transactions in the second quarter of 2024, such as the sale of BHL Factories for $74 million in May, Kian Ann Building for $63 million in June, and a single-user factory for $36 million in April. This trend continued in the third quarter, with several large deals, including a $1.6 billion portfolio sale of seven industrial assets by Soilbuild Business Space REIT to a joint venture between Warburg Pincus and Lendlease Group. This increased activity resulted in a sevenfold jump in industrial property sales to $2.45 billion in the third quarter of 2024, according to Alan Cheong, the executive director of research and consultancy at Savills Singapore. He attributed this increase in transactions to the improved sentiment due to the US Federal Reserve’s interest rate cut in September and the better performance of the manufacturing sector.

Despite the strong performance in the third quarter, Cheong believes that the big-ticket industrial deals are likely a one-off and that the market may see only one or two large deals in 2025, with each being significantly lower than $1 billion.

Looking ahead, the influx of new supply, coupled with weaker demand, is expected to narrow the rental and price growth in the near term. The JTC estimates that around 0.2 million sqm of new industrial space will be completed in the fourth quarter of 2024, with a further 1.6 million sqm targeted for completion in 2025. This influx of supply, along with the cautious sentiment among occupiers, is expected to result in a supply-demand imbalance in some industrial segments. However, there are some bright spots, such as the multiple-use factory space and centrally located food factories, which are expected to remain resilient. Additionally, the electronics and advanced manufacturing sectors are expected to continue attracting investments, while data centres are likely to play an important role in the country’s industrial sector as the government plans to increase their capacity by 300 megawatts. Despite softening rental and price growth in the near term, the outlook for Singapore’s industrial property market remains positive, with demand expected to remain healthy in the coming years.…

2 bdrm + study unit at newly previewed Kassia at Flora Drive going for $1.38 millionRead the repurposed article below:

In 2024, the property market saw two distinct halves. The first half was marked by sluggish activity, with boutique developments taking the lead and the lowest number of units being launched for sale since 1H1996, according to Huttons Data Analytics. In line with this trend, sales volume also remained low with only 1,889 units being sold, the lowest since 1996.

However, there were a few exceptions, such as the 533-unit Lentor Mansion, which enjoyed a take-up rate of 75% during its launch weekend in March. Most other projects launched in 1H2024 saw lacklustre sales compared to the previous year.

According to Mark Yip, CEO of Huttons Asia, “market sentiment was tentative and cautious”. This could be attributed to uncertainties in the job market and high interest rates. Buyers were likely holding back, waiting for the highly anticipated project launches later in the year, such as Chuan Park and Emerald of Katong.

The launch of the 276-unit freehold Kassia on Flora Drive in late July, which achieved a 52% take-up rate, set the stage for strong sales momentum following the Lunar Seventh Month. This was followed by the launch of the 158-unit 8@BT at Bukit Timah Link in September, which saw 53% of its units being snapped up at an average price of $2,719 psf.

In 3Q2024, new home sales increased by 60% quarter-on-quarter, according to Huttons, indicating a shift in sentiment. Some attribute this to the 50-basis point interest rate cut by the US Federal Reserve in September. More evidence of this increased sales momentum emerged in October, when over 50% of the 226 units at Meyer Blue were sold in private sales at an average price of $3,260 psf, setting a new benchmark for the prime District 15 enclave on the East Coast.

It is crucial to carefully evaluate the potential rental yield when considering an investment in a condominium. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condo rental yields can vary greatly based on factors such as location, property condition, and market demand. Generally, areas that have high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. It is beneficial to conduct thorough market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a particular condo. Additionally, investors may also want to consider new condo launches as they may offer attractive rental opportunities.

The 348-unit Norwood Grand in Woodlands also achieved several milestones. During its launch weekend in October, it saw a take-up rate of 84%, making it the best-selling project in terms of percentage of units sold as of October. The average price of units sold was $2,067 psf, marking the first time a project in Woodlands surpassed the $2,000 psf threshold.

Norwood Grand was the first new private residential project launched in Woodlands in 12 years and its strong performance was seen as a clear signal of growing buyer confidence and demand, according to Huttons’ Yip. This triggered a wave of activity in November, with a record-breaking six new projects comprising 3,551 units being unleashed over a period of 10 days.

The streak began on Nov 6 with the launch of the 367-unit The Collective at One Sophia, followed by the 366-unit Union Square Residences at Havelock Road on Nov 9. Sales momentum continued to build up with the launch of the 916-unit Chuan Park on Nov 10, and it surged over the weekend of Nov 15-16 with three projects launched in concert: the 846-unit Emerald of Katong, the 552-unit Nava Grove, and the 504-unit Novo Place executive condo (EC).

As a result, developer sales in November soared to 2,557 units – the highest figure since March 2013, when 3,489 units were launched and 2,793 were sold, according to Huttons Data Analytics. This strong performance pushed total developer sales for the first 11 months of 2024 to 6,344 units. Year-end figures are expected to surpass 6,500 units, exceeding the 6,421 units sold in 2023. “This reflects the strength and resilience of the property market,” says Huttons’ Yip. “It underscores the enduring appeal of property as an asset for wealth creation and preservation.”

Chia Siew Chuin, JLL’s head of residential research, notes that the sluggish performance of the private residential market in the first three quarters of 2024 created an atypical year-end scenario. “Developers, who had repeatedly postponed launches due to economic uncertainties and hopes for improved conditions, finally rolled out projects in November.”

Chia says that this decisive shift from caution to action was fueled by the approaching year-end festive lull and improved market sentiment since the third quarter of 2024. “The surge in activity has transformed November into an unusually vibrant period for property launches, defying the typical seasonal slowdown and creating a dynamic market environment.”

There is now speculation about the possibility of further property cooling measures, given the uncharacteristically high November sales. However, Chia believes that “unlikely” any intervention will depend on two factors: sustained sales momentum into the first quarter of 2025 and a concurrent sharp increase in property prices outpacing GDP growth.

“Despite close monitoring by authorities, new measures are likely to remain on hold unless clear signs of persistent market overheating emerge,” Chia adds.…

Projects in the Rest of Central Region (RCR) and Outside Central Region (OCR) took the lead in the list of best-selling new launches in 2024, driven by strong upgrader demand and a robust HDB resale market, as per Mark Yip, CEO of Huttons Asia.

Three out of the top 10 best-selling projects were launched in November. The first spot was claimed by Emerald of Katong, which sold 99% of its units within two days, from November 15 to 16, making it the best-selling project of 2024. With only six available units as of December 17, this 846-unit, 99-year leasehold development located in Katong is almost completely sold out. You can find the latest new launches and access information on transaction prices and available units by conducting a search.

Second on the list is Chuan Park, with 696 units (76%) sold in a single day on November 10. As of December 17, the project has sold 79% of its total 916 units. This impressive result can be attributed to the lack of new condo launches in the area since The Scala in 2010.

In third place is Lentor Mansion, with 75% of its 533 units sold during its launch weekend in March. After nine months, the project has sold 92% of its units.

The fourth spot goes to Nava Grove, a 552-unit development that achieved a 65% take-up rate during its launch weekend in mid-November. As of December 17, the project has sold almost 70% of its total units.

Norwood Grand, with 291 out of its 348 units (84%) sold since its launch in October, takes fifth place.

Hillhaven, a 341-unit development that debuted in January, takes sixth place. The project sold 50 units during its launch and has since seen a steady rise in sales. With 259 units (76%) sold as of December 17, it now ranks sixth on the list.

Kassia on Flora Drive, a freehold development with 276 units, claims seventh place with 180 units (65%) sold to date.

In eighth place is Lentoria, a 267-unit development located in Lentor Hills Estate. The project saw its sales increase from 19% on its first weekend in March to 66%, with 177 units sold as of December 17.

The 440-unit Sora, located at Yuan Ching Road in Jurong Lake District, is in ninth place with 134 sales (30%).

Finally, rounding out the top 10 is Meyer Blue, a freehold development with 226 units, which sold 131 units (58%) through private sales.

In summary, there are many benefits to investing in a condo in Singapore, such as strong demand, potential for appreciation in value, and attractive rental yields. However, it is crucial to carefully consider various factors like location, financing options, government regulations, and overall market conditions. By conducting thorough research and seeking professional guidance, investors can make well-informed decisions and maximize their returns in Singapore’s dynamic real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign purchaser seeking a stable and profitable investment, buying a condo in Singapore through projects like Singapore Projects presents an appealing opportunity.

Four projects launched in 2023 gained significant traction from the sales momentum in the second half of 2024, each selling more than 200 units. These projects benefited from the launch of new developments in their respective neighbourhoods, which brought attention back to the area.

The Continuum, an 816-unit freehold development at Thiam Siew Avenue, emerged as the biggest beneficiary of Emerald of Katong’s launch, selling 233 units in 2024. Almost 60% of these sales occurred after November, bringing its total take-up rate to 66% since its launch in May 2023.

Tembusu Grand, located across the road from Emerald of Katong, also benefited from its proximity to the development. The 638-unit project sold 53% of its units during its launch weekend in April 2023. It sold 204 units this year, with most of the sales occurring after July when market sentiment improved in the third quarter of 2024. Tembusu Grand is currently 91% sold as of December 17, thanks to the buzz surrounding Emerald of Katong.

Hillock Green, a 474-unit development in Lentor Hills Estate, also performed well. Initially launched in November 2023, the project achieved a take-up rate of 27.6% in its first weekend of sales. In 2024, Hillock Green sold 217 units, bringing its total sales to 359 (76%). The project benefited from the launches of Lentoria and Lentor Mansion in March, which brought renewed attention to the Lentor Hills Estate.

Finally, the 520-unit Pinetree Hill saw strong sales after the release of its second phase of units in September. The project sold 208 units this year, bringing its cumulative sales to 374 (72%). It also saw a significant boost from the launch of Nava Grove in November, which helped generate interest in the residential enclave in District 21.…

As we approach the year 2025, the landscape of Singapore’s built environment is set to undergo significant transformation. The facilities management (FM) sector, in particular, is facing increasing pressure to adapt to changing regulatory demands, rising costs, and technological advancements. In shaping the future of FM and promoting sustainability, three key drivers will play a crucial role: the mandatory energy improvement regime, the impact of increasing temperatures on energy costs, and the growing trend towards adaptive reuse in construction.

The Mandatory Energy Improvement regime, set to come into effect in the third quarter of 2025, will require existing energy-intensive buildings to undergo energy audits and implement energy-efficiency improvement measures. This mandate will impact commercial, healthcare, institutional, civic, community, and educational buildings with a gross floor area exceeding 5,000 sq m. These buildings will be required to reduce their energy usage intensity by 10% from pre-energy audit levels – a target that can be achieved by implementing the right strategies.

To cope with this new regime, asset owners are encouraged to take a medium to long-term view on capital expenditure-heavy investments in energy-efficient systems. The energy audits will provide valuable insights into energy consumption patterns, identify areas for improvement, and guide asset owners in prolonging the lifespan of their assets, reducing operating costs in the long run, and contributing to a more sustainable built environment. Financial assistance in the form of grants is available to help cover the costs of energy efficiency upgrades.

An excellent example of a smart and sustainable campus is Temasek Polytechnic, which embarked on a digital transformation journey in 2021. By implementing a suite of solutions that digitised campus operations, including facility booking, automated repairs and maintenance, crowd management, and temperature control, Temasek Polytechnic offers valuable insights into the future of smart and sustainable FM. A central data environment monitors and tracks data generated by these systems, allowing campus operations teams to make informed decisions on maintaining the health of building operational systems, maximising the return on investment, and reducing operational carbon levels.

Another catalyst for sustainability in the FM sector is the mandatory climate disclosure obligations for all listed and large non-listed companies with annual revenues of at least $1 billion and total assets of at least $500 million by 2027.

As temperatures are expected to rise in 2025, the demand for cooling in buildings will increase, prompting further investments in predictive technology. Air conditioning and mechanical ventilation (ACMV) systems are already a significant contributor to operational costs, accounting for around 60% of total energy expenses in most buildings. To optimise energy systems and mitigate rising energy costs, building owners can implement energy-efficient solutions such as energy recovery systems or thermal energy storage. Additionally, optimising chiller plant operations to match changing weather conditions can reduce energy waste and costs.

At a city and precinct level, extreme weather events like flooding and urban heat pose a threat to the health and performance of critical infrastructure. To address these risks, building owners and city planners can take advantage of advances in web-based geospatial IT to identify flood-prone areas and spaces with high heat exposure. By predicting extreme weather events, they can develop comprehensive operational plans to mitigate the risk of equipment failure and downtime and optimise chiller plant operations.

The rising cost of construction is another driving force behind the growing trend towards adaptive reuse, with the rate of redevelopment in Singapore increasing over the past five years. According to Surbana Jurong (SJ), mechanical and electrical costs have increased by approximately 30% compared to pre-Covid levels, mainly due to a 77% increase in logistics costs, a 9% increase in labour costs, and a 15% increase in construction material prices. This trend is driving the adoption of smart design and engineering practices, such as using collaborative common data environments to benchmark construction and operational costs.

The Singaporean government’s property cooling measures hold great weight when contemplating condo investment in the country. These measures have been implemented over the years to control speculative buying and maintain a steady real estate market. One of the measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign investors and those purchasing multiple properties. While these measures may have a temporary effect on the profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment. Thus, considering condo investment in Singapore involves taking into account the government’s property cooling measures.

Platforms that support integrated digital delivery, such as Podium, enable real estate developers and contractors to gain real-time insights into key performance indicators like time, cost, quality, and safety. By connecting developers, designers, and the supply chain, these proptech platforms aim to deliver high construction productivity and promote sustainable building practices. By consolidating data from multiple sources, all stakeholders involved in the building cycle can access valuable information to reduce embodied carbon levels. The data can also aid in deciding between redevelopment and adaptive reuse by providing essential details on structural frames and foundations.

Post-construction, Podium can integrate with other operational platforms to track building performance metrics like energy, waste, water, indoor air quality, and occupancy trends, driving operational carbon reduction goals. The majority of operational expenditure for buildings goes towards the utility cost of ACMV chiller plants, making up about 60% of total operational expenditure. Smart buildings that leverage data-driven long-term life cycle approaches can maximise the lifespan of capital expenditure-heavy equipment, including ACMVs, lifts, and air handling units. By utilising sensors, AI-powered smart monitoring systems, and predictive maintenance techniques to track equipment performance and identify potential issues, building owners can reduce downtime, improve efficiency, and make informed decisions on retrofits or replacements.

In conclusion, the FM sector in Singapore is on the cusp of significant transformation driven by three key factors: the mandatory energy improvement regime, the impact of increasing temperatures on energy costs, and the trend towards adaptive reuse in construction. By embracing digitalisation, data analytics, and sustainable practices, the FM sector can drive sustainability, reduce costs, and ensure long-term operational success.…

continues as pandemic drags onRenewed interest in city-fringe projects continues as pandemic drags on

Investing in a Singapore condo has become a favored option for both local and foreign investors, thanks to the country’s thriving economy, political stability, and excellent standard of living. The real estate market in Singapore is teeming with opportunities, and condos are a standout choice due to their convenient location, impressive amenities, and potential for high returns. In this article, we will delve deeper into the advantages, factors to consider, and necessary steps when investing in a condo in Singapore through Singapore Condo.

The freehold condominium, The Meyerise, has taken the top spot among private condos that saw a new peak psf price in the week of November 29th to December 6th. On the 6th of December, a three-bedroom unit on the 24th floor was sold for $3.52 million, achieving a new price peak of $2771 per square foot. This new record is just 0.25% higher than the previous peak of $2,764 psf achieved by the project last October when a four-bedroom unit on the 28th floor sold for around $5.03 million.

The previous owners of the unit sold on December 6th had purchased it for approximately $2.32 million in May 2016, making a profit of around $1.2 million over eight years. The Meyerise has seen nine units change hands this year at an average price of $2,405 psf. The most expensive unit sold at the development this year was a 4-bedroom-plus-study unit on the seventh floor, which sold for $4.5 million or $2,189 psf on October 7th.

The Meyerise is a freehold condominium with 239 units, completed in 2015. It is located on Meyer Road in prime District 15 and consists of twin 31-storey residential towers with two- and three-bedroom units ranging in size from 872 square feet to 1,313 square feet, four-bedroom units ranging from 1,819 square feet to 2,056 square feet, and a single 5,490 square foot penthouse unit.

The Meyerise is located within 1km of two MRT stations, namely Tanjong Katong MRT Station and Katong Park MRT Station, both serving the Thomson-East Coast Line. Several schools are also within 2km of the condo, including Kong Hwa School, Tanjong Katong Primary School, Tanjong Katong Girls’ School, and Tanjong Katong Secondary School.

The Imperial is a 187-unit freehold condominium located along Jalan Rumbia in prime District 9. It took second place among projects that recorded new psf-price highs during the period under review. On December 5th, a three-bedroom unit on the 14th floor sold for $3.7 million, achieving a new high price of $2,624 psf – 2.3% higher than the project’s previous peak of $2,566 psf set in May last year.

According to URA caveats, the unit that sold on December 5th last changed hands in September 2004 for about $1.3 million or $925 psf. As a result, the sellers made a profit of about $2.4 million.

The Imperial has recorded six resale transactions this year at an average price of $2,414 psf. Prior to the December 5th transaction, the most recent unit to change hands at The Imperial was a 1,905 sq ft 4-bedroom unit on the fifth floor that sold for approximately $4.6 million or $2,421 psf on November 28th.

The Imperial is a freehold condominium with 187 units completed in 2006, featuring two-bedroom units ranging in size from 980 square feet to 1,012 square feet, three-bedroom units ranging in size from 1,356 square feet to 1,991 square feet, and four-bedroom units ranging in size from 2,034 square feet to 3,552 square feet.

Sky Vue took third place during the period under review when it recorded a new peak psf price of $2,505. The new peak was achieved when a three-bedroom unit on the 33rd floor sold for about $2.86 million on December 2nd. The sellers had purchased the unit in September 2020 for $1.86 million or $1,630 psf, resulting in a profit of about $1 million.

The new psf price record is 5.9% higher than the previous peak of $2,366 psf set in August when a similar three-bedroom unit on the 14th floor was sold for $2.7 million.

Sky Vue is a 694-unit 99-year leasehold condominium completed in 2016 located along Bishan Street 15 in District 20. The development comprises two 37-storey towers with one- to three-bedroom units ranging in size from 484 square feet to 1,259 square feet.

Sky Vue is within walking distance of Bishan MRT Interchange, which serves the North-South and Circle Lines. The station is located directly across from Bishan Bus Interchange and connected to Junction 8 mall along Bishan Place, which offers an array of retail and dining options.

During the period under review, there were no new psf price lows recorded.…

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A record-breaking sale has taken place at the luxurious condo, JadeScape, located on Shunfu Road with a 99-year leasehold. This six-bedroom penthouse unit was sold for $10.15 million on December 9th, making it the most profitable condo resale transaction during the week of December 3rd to 10th. The unit spans over 4,230 square feet and is situated on the 23rd floor, boasting a price of $2,399 per square foot.

The previous owner bought the unit directly from the developer in December 2019 for $5.8 million, which equates to a cost of $1,371 per square foot. This means the seller made a profit of $4.35 million after owning the unit for a mere five years, resulting in a 75% increase in capital gain. On an annual basis, the profit stands at 15%. This resale deal now holds the record for the highest profit made on a unit at JadeScape, surpassing the previous top gain of $1.14 million from the sale of a five-bedroom unit measuring 2,099 square feet on August 12th.

JadeScape, situated at the junction of Marymount Road and Shunfu Road in District 20, is a development that comprises 1,206 units spread over seven residential towers. The units range from one to five bedrooms and measure 527 square feet to 2,099 square feet, with two penthouses spanning 4,230 square feet. The development is scheduled for completion in 2022 and is within walking distance of Marymount MRT Station on the Circle Line.

Investing in a condo requires careful consideration of financing options. Singapore boasts a variety of mortgage choices, however, it is crucial to be well-informed about the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take based on their income and current debt commitments. It is advisable for investors to familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers to ensure a wise financing decision. Avoiding over-leveraging is crucial in securing a successful investment. For more information on Singapore Projects, knowledgeable professionals can provide valuable insight.

In total, there have been 72 other resale transactions at JadeScape this year, with prices ranging from $1,955 per square foot to $2,420 per square foot. All of these deals resulted in profits for the sellers, with gains ranging from $55,000 to $1.15 million.

The second most profitable resale deal during the same week was the sale of a three-bedroom unit measuring 1,410 square feet at The Imperial for $3.7 million on December 5th. This equates to a price of $2,624 per square foot. The seller had originally purchased the unit from the developer for $1.3 million in September 2004, which amounts to $925 per square foot. As a result, the seller made a profit of $2.4 million after holding onto the property for 20 years, resulting in a 184% gain.

The Imperial, located on Jalan Rumbia in District 9, comprises 187 freehold units spread over five blocks. The units range from two to four bedrooms and measure between 980 square feet to 3,918 square feet. It is situated within walking distance of Fort Canning MRT Station on the Downtown Line and Dhoby Ghaut MRT Interchange, which serves the North-South, North-East, and Circle Lines.

The sale of a one-bedroom unit at The Montana was the least profitable condo resale deal during the same week. The unit, measuring 635 square feet, was sold for $1.02 million on December 6th, resulting in a price of $1,603 per square foot. The unit had previously been sold in July 2014 for $1.18 million, which amounts to $1,863 per square foot. This means the seller suffered a loss of approximately $165,000 on the transaction, making it the third-biggest loss recorded at The Montana based on available caveats.

The Montana, situated on Jalan Mutiara off River Valley Road in District 10, comprises 108 freehold units spread over a single 12-storey tower. The units range from one to four bedrooms and measure between 549 square feet to 2,659 square feet. There have been four other resale transactions at The Montana this year, all of which were profitable, resulting in gains of $80,000 to around $525,000.…