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Luxury transactions hit high of $5 mil at Four Seasons ParkCentral Area luxury flat pent-up demand seen to drive recoveryMar 10, 2023, 2:34 PMSingapore condo, HDB resale prices up in February due to La Mariposa & Canberra VistaLuxury developments continue to dominate profitable resale transactions in Feb 2023

Nassim 9, a luxury development, has recorded the most profitable private non-landed resale transaction during the period of February 4 to February 7. A four-bedroom unit spanning 2,486 sq ft located on the third floor changed hands for $7.5 million, or $3,016 psf, on February 7.

According to URA caveats, the unit was previously bought in December 2005 for $4.12 million, translating to a profit of $3.42 million (83.8% of the original purchase price) for the seller. This marks an annualised gain of 3.2% over 19 years.

This transaction is the third-most profitable resale at Nassim 9, with the current record set in March 2023 when a larger four-bedroom unit spanning 2,756 sq ft was sold for $9.5 million ($3,448 psf). The seller made a profit of $5.38 million (130.6%), or an annualised gain of 5% over 17 years.

The last caveated transaction at Nassim 9 was in March 2023, when a 3,251 sq ft, four-bedroom unit was sold for $10.3 million ($3,169 psf). It generated a profit of $3.3 million.

Located along Nassim Road in prime District 10, Nassim 9 is a boutique condo with only eight units completed in 2002. It features four-bedroom units spanning between 2,756 and 3,423 sq ft.

The second most profitable resale during the period was at Mount Faber Lodge, where a triplex penthouse unit was sold for $5 million ($1,350 psf) on February 5. The unit was last bought in August 2001 for $1.6 million, resulting in a profit of $3.4 million (212.5%) for the seller. This makes an annualised gain of 5% over 23½ years.

The unit sold on February 5 is the most profitable unit at Mount Faber Lodge to date, surpassing the previous record set in October 2022 when a three-bedroom unit spanning 2,669 sq ft was sold for $3.89 million ($1,457 psf). The unit was originally purchased for $1.3 million ($487 psf) in January 2006, resulting in a profit of $2.59 million (199.2%) for the seller.

Completed in 1983, Mount Faber Lodge is a boutique freehold development situated along Mount Faber Road in District 4. It offers studio units spanning 1,098 sq ft, along with two- and three-bedroom units from 1,173 to 2,454 sq ft. The development also features 20 five-bedroom triplex penthouses ranging from 3,703 to 3,724 sq ft.

The third-most profitable deal during the period was the sale of a three-bedroom unit at Amaryllis Ville, a 99-year leasehold condo in prime District 11. The 1,238 sq ft unit on the 28th floor was sold for $2.65 million ($2,141 psf) on February 5. It was previously bought for $1.09 million ($884 psf) in June 2005, resulting in a profit of $1.56 million (142.2%) for the seller. This marks an annualised gain of 4.6% over 19½ years.

This transaction is the third-most profitable unit to be sold at Amaryllis Ville, with the current record set in September 2023 when a three-bedroom unit spanning 1,991 sq ft was sold for $3.75 million ($1,885 psf). The unit was originally purchased for $1.95 million ($979 psf) in June 2009, resulting in a profit of $1.8 million (92.5%) for the seller. This marks an annualised gain of 4.7% over 14 years.

Based on resale data tabulated by EdgeProp Singapore, resale prices at Amaryllis Ville have been steadily increasing in recent years. The average price hit $1,897 psf in February 2023 before rising to $2,001 psf in February 2024. Last month, the average price reached $2,082 psf, marking a 4% year-on-year increase.

When it comes to investing in real estate, one factor that cannot be overlooked is the location. This is especially true for those looking to invest in Singapore. In this country, condos that are situated in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs are known to appreciate in value. Some prime locations that have consistently shown growth in property values include Orchard Road, Marina Bay, and the Central Business District (CBD). Families with children also value condos in these areas because of their proximity to good schools and educational institutions, making them highly desirable investments. With all these factors in mind, it is important for investors to carefully consider the location when looking for a condo to invest in.

Completed in 2004, the 311-unit Amaryllis Ville is located along Newton Road and offers a mix of one- and two-bedroom units measuring between 657 and 1,378 sq ft, as well as three-bedroom units ranging from 958 to 2,637 sq ft. Nearby condos include the 129-unit Rochelle at Newton along Keng Lee Road and the 378-unit Kopar at Newton along Makeway Avenue.

During the period, there were no unprofitable transactions.…

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When it comes to making strategic investments in real estate, location is key, especially in a bustling city like Singapore. The placement of condos plays a crucial role in their value, with factors such as being situated in central areas or near essential conveniences like schools, shopping centers, and public transportation hubs contributing significantly to their appreciation. This is evident in prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) where property values have consistently shown growth. These areas are highly desirable for families due to their proximity to reputable schools and educational institutions, making them ideal for investment opportunities. Therefore, for those considering investing in condos, it is crucial to prioritize location, and prime areas like Orchard Road, Marina Bay, and the CBD, should definitely be at the top of the list. Additionally, do not forget to check out Condo for more information on this topic.

Heeton Holdings, a property developer, has announced a 221% increase in earnings for the second half of FY2024. This was reported for the period ended December 31, 2024, with a total of $3.85 million in earnings. Despite this significant growth, the group has still reported a loss for the entire FY2024.On a per share basis, Heeton’s earnings for the second half of FY2024 was 0.79 cents per ordinary share. However, for the full year, the earnings per share were a negative 0.28 cents per share. This indicates a steady growth in earnings for the latter half of FY2024.For the 2HFY2024, Heeton’s revenue increased by 10.5% year-on-year to $41.1 million. This was driven by rental income from investment properties, hotel operation income, and management fee. For the entire FY2024, revenue grew by 15.2% to $78.2 million.Heeton attributes the growth in turnover to higher occupancies in the United Kingdom and an increase in rental rates for the group’s investment properties. During the period, the group also disposed of some of its subsidiaries, resulting in a net gain of $3.78 million. Property, plant, and equipment also saw an increase of $16.92 million due to the acquisition of a hotel in Edinburgh, UK.Heeton’s cash flow saw a decrease in cash and cash equivalents of $32.70 million due to significant inflows and outflows. This includes proceeds from property disposals of $26.43 million and proceeds from subsidiary disposals of $11.37 million. On the outflow side, the group had a net repayment of loans from associated and joint venture companies of $24.45 million, additions to property, plant, and equipment of $40.36 million, and restricted cash pledge for a bank facility of $22.98 million.Moving forward, Heeton will maintain a prudent and steady strategic expansion in light of the uncertain economic outlook in Singapore and the uncertain geopolitical paradigm under Trump’s administration. As the hospitality industry continues to face several challenges, Heeton will focus on being a bespoke boutique brand that offers high-quality, experiential stays for its guests.Heeton is also actively participating in land tenders in the local residential market, often as part of a consortium. Additionally, the group’s two retail malls are expected to continue generating steady and recurring income for its property investment business. In line with this, the group has declared a final dividend of 0.5 cents per share for the current financial period.Shares in Heeton closed 0.5 cents lower or 1.818% down at 27 cents on Feb 20.…

Singaporean property developer and businessman Que Neo, known for his boutique developments, aims to create residential projects that cater to his personal preferences. His latest project, K Suites, located in the prime East Coast area of District 15, is set to be completed in the first quarter of 2025.

K Suites is highly sought after due to its convenient location, providing easy access to the beach, East Coast Park, shopping malls, the central business district (CBD), and Changi Airport. According to Neo, it takes only 10 minutes to reach the airport and downtown via the East Coast Parkway and Pan-Island Expressway.

Additionally, K Suites is situated near public transportation, including a bus stop just 50 meters away. The nearest MRT stations, Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL), are only two bus stops away.

The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art infrastructure. Condominiums, strategically located in desirable locations, offer a fusion of opulence and convenience that caters to the preferences of both locals and foreigners. These residences are equipped with an array of facilities including swimming pools, fitness centers, and round-the-clock security, elevating the overall living experience and making them an attractive option for potential tenants and buyers. For investors, these desirable features equate to higher rental returns and appreciating property values over time. Singapore Projects offer a diverse selection of these coveted condos for those looking to invest in the thriving real estate market of Singapore.

The close proximity to public transport also allows for easy access to popular schools, with PCF Sparkletots @ Joo Chiat located just two doors away. Families with young children can also choose from popular primary schools like Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary, all situated within 1km of Telok Kurau. Prestigious secondary schools such as Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School are also in the vicinity.

K Suites is designed by JGP Architecture, with a sleek and contemporary aesthetic facade thanks to its curtain wall system. This design also allows for ample natural light and unblocked views of the surrounding neighborhood. The apartments feature regular layouts with 3.5m to 4.5m ceiling heights, while the duplex penthouses boast a 7m ceiling height. German brand fittings, top-end Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings are used throughout the units.

The project also offers a wide range of facilities for residents to enjoy, including a swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The development also features a grand arrival and drop-off area, and a surface car park with 16 parking spaces and two electric vehicle charging stations.

The first phase of ten units of K Suites, a freehold development, was sold out since its preview in September 2022, with most of the buyers being Singaporeans, mainly professionals such as doctors, lawyers, and corporate executives.

The remaining units, including four three-bedroom units ranging from 797 to 872 sq ft and 11 four-bedroom units ranging from 1,076 to 1,130 sq ft, are now available for purchase. The project also offers five-bedroom penthouses ranging from 1,625 to 1,679 sq ft, of which one is still available for sale. These units have been popular with large families, with one unit purchased by a family with four children.

K Suites is highly sought after by upgraders and those looking for a freehold property in the prime District 15 area. Another selling point is its ground-level units, which offer a 4.5m ceiling height and overlook the landscaped garden and facilities.

The latest transaction for a three-bedroom unit on the fourth floor of the five-story block was sold for $2.13 million ($2,443 psf) in November. According to Neo, K Suites is the most affordable new freehold project in District 15.

Huttons Data Analytics found that prices of selected boutique developments in District 15 have appreciated over 100% since their launch, with units at Malvern Springs selling at prices 234.2% higher since its launch in January 2002. Over the past five years, monthly median rents at some boutique condos in Telok Kurau and Joo Chiat have risen by 76.5%, making it a favorable area for investors.

Apart from its prime location, District 15 is popular with expatriate tenants due to its lifestyle offerings, including proximity to the beach, East Coast Park, and a wide array of F&B options and shopping malls. With the completion of K Suites and the growing positive market sentiment, the remaining units are expected to be snapped up quickly.…

: URA Keywords Savills Singapore, private residential market, rental market, rental demand, rental prices, rental transactions, leasing marketSavills Singapore expects flat rental growth for private residential market this yearAlthough private housing rents recorded a modest rebound in 4Q2024, inching up 0.2% q-o-q in the last three months last year, landlords should expect rental growth to be flat this year, according to a market report by Savills Singapore.The relatively poor performance of the non-landed private residential market in the first three quarters of 2024 largely contributed to rents falling by 1.7% over the whole of 2024. This represents the first full-year decline since the leasing market recorded a 0.5% y-o-y drop in 2020.There were 19,733 leasing transactions in 4Q2024, which marked a quarterly decline of 24.2%. According to Savills, this is likely due to a decrease in net new rental demand as the number of employment pass (EP) and S pass holders fell last year, in combination with a year-end seasonal lull in rental activity.It noted that the bulk of the decline in leasing activity last quarter stemmed from a 30.8% q-o-q drop in rental contracts for landed homes islandwide. Leasing volumes for apartments and condos also saw a 23.7% q-o-q decrease over the same period. However, despite the decrease in leasing activity, Savills added that there is still some growth in rental demand as rents in the private residential market have stabilised.However, landlords should expect flat rental growth this year, with relatively more affordable rents found in suburban areas, which enable tenants to prioritize lifestyle options such as more spacious units, connectivity to MRT stations, malls, and recreational activities. In 4Q2024, Parc Esta emerged as the development with the most number of condo leasing deals, recording 163 rental transactions at a median rent of $6.84 psf per month.Other developments that saw a high number of rental transactions include Marina One Residences (126 transactions at $6.62 psf pm), The Sail @ Marina Bay (126 transactions at $6.72 psf pm), Normanton Park (120 transactions at $6.26 psf pm), and D’Leedon (107 transactions at $5.43 psf pm).In terms of rental price growth, the Outside Central Region (OCR) saw average rents decline by 0.8% q-o-q in 4Q2024. Meanwhile, rents in the Core Central Region (CCR) and Rest of Central Region (RCR) grew by 0.9% q-o-q and 0.3% q-o-q, respectively, reflecting the trend of tenants in suburban locations shifting to more central neighborhoods, driven by relatively more reasonable rents.Savills also observed a slight rebound in the luxury rental market, with the average monthly rent of high-end condos increasing by 1.7% q-o-q in 4Q2024 to $5.85 psf pm. The luxury rental market had previously seen consistent declines in the preceding five quarters.However, looking ahead, landlords will likely face headwinds in the rental market as companies continue to reduce headcounts and hire fewer expatriates, says Alan Cheong, executive director of research and consultancy at Savills Singapore. He adds that landlords also face higher property taxes for non-owner-occupied residential properties, as well as increased conservancy charges due to upward inflationary pressures.Despite the challenges, the relatively tight supply of large luxury properties on the rental market may help landlords resist underpriced rental offers, according to Cheong. Additionally, he expects that interest rates will likely take longer to fall and result in mortgage payments to remain at current levels for longer.The saving grace for the rental market in 2025, according to Cheong, is the fewer new completions of private homes expected. Higher property taxes on investment properties will also turn landlords off from accepting low ball rental rates. Furthermore, he anticipates that the pool of expat tenants may reduce as a result of the widespread adoption of AI reducing overall manpower requirements for some high-tech firms and companies continuing to reduce hiring of white-collar professionals.

Selecting an ideal location for real estate investment is crucial, and this holds particularly true for properties in Singapore. Condos positioned in central areas or in close proximity to important amenities such as schools, shopping centers, and public transportation hubs have a higher potential for appreciation in value. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) are prime examples of areas where property values have consistently shown growth. Additionally, the presence of reputable schools and educational institutions in these areas makes investing in condos a highly desirable option for families, further solidifying their investment potential. With the right location, a condo can be a wise and profitable investment in Singapore’s real estate market.…

CBRE is the sole marketing agent for the 27-room Hotel Clover, located at 7 Hongkong Street. This boutique hotel is currently on the market with a guide price of $27 million. Along with this, CBRE is also responsible for the sale of a commercial building, situated at 36 Hongkong Street, which is going for a guide price of $22.6 million.

When considering investing in Singapore, it is crucial for international investors to be familiar with the regulations and limitations surrounding property ownership. Buying a condominium is generally less restricted for foreigners compared to purchasing landed properties, which have more stringent ownership guidelines. However, foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their initial property purchase in Singapore. Despite these extra expenses, the stable and promising future of the Singapore real estate market continues to draw in foreign investment. To explore more options for investing in Singapore, you can check out Singapore Condos.

The 99-year leasehold site where the hotel sits spans over 1,701 square feet, with a zoning of “hotel” and a plot ratio of 4.2 under the latest Master Plan. There are about 89 years remaining on the land tenure. The total floor area of the six-storey hotel is 7,142 square feet, translating to a price of $3,780 per square feet on the floor area.

Similarly, the five-storey commercial building at 36 Hongkong Street is built on a 1,733 square feet plot, with a zoning of “commercial” and a plot ratio of 4.2 under the Master Plan. This 99-year leasehold site has a remaining land tenure of 93 years. The building’s total floor area is 7,279 square feet, with a guide price of $3,105 per square feet. The ground floor of the building is currently leased to a bridal shop, while the upper floors house offices.

The executive director of capital markets at CBRE Singapore, Clemence Lee, explains that both properties have appealing remaining land tenures in comparison to other 99-year leasehold properties available for sale in the CBD area. These assets would also be suitable for owner-occupiers looking for a flagship property with naming rights at a reasonable price for their exclusive operations.

As both properties are classified as hotel and commercial properties, foreigners and companies can purchase them without incurring Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) on the transactions. The properties are located in Clarke Quay, a well-established riverfront lifestyle precinct with various renowned restaurants, bars, boutique hotels, and fitness studios. Both assets are conveniently situated near Clarke Quay MRT Station, on the North-East Line.

According to Lee, the nearby CQ@Clarke Quay will soon undergo a $62 million asset enhancement initiative. Additionally, the upcoming completion of two new large-scale integrated developments, Canninghill Piers and Union Square, will further add to the vibrancy of the area. He also believes that the properties at 7 and 36 Hongkong Street have tremendous potential for future rental growth and capital appreciation in the medium to long term.

Both properties will be up for sale in an expression of interest exercise, which closes on March 26. Interested parties can check out the latest listings for Commercial Real Estate properties and compare the price trend between Commercial and Industrial properties as well as the trends in the price and rental transactions for commercial real estate.…

; Elta Castillion to open for sale in MarchDiscounted cash deals for landed properties fall to new low in Q4 2020: ReportSingapore’s private residential market closes 2024 with 5.7% gainResale condo prices dip 0.5% in 2024, while resale HDB prices inch up 0.2%: SRXEdgeProp Research: Median transacted prices of shoebox units continue to weaken in 2024URA launches sites at Ang Mo Kio Ave 1 and Jalan Jurong Kechil for highest-bidder saleRecord prices set for 3 HDB resale flats in Q4 2020Tender launched for commercial site at Tanjong Katong RoadClose to $2 bil of SBRs offered to public understood to have been oversubscribed for the Q1 2021 subscription page

The discussion of new property cooling measures, upcoming housing supply from government land sales (GLS) and Build-To-Order (BTO) launches, as well as announcements from Budget 2025 that may affect the real estate market, were the highlights of EdgeProp Singapore’s Property Market Outlook event held on Sunday, Feb 16.

The panel discussion, moderated by EdgeProp Singapore CEO Bernard Tong, featured three industry experts: Alan Cheong, executive director of research and consultancy at Savills Singapore; Wong Xian Yang, head of research, Singapore and Southeast Asia at Cushman & Wakefield; and Song Seng Wun, Singapore economic advisor at CGS International.

The event, organised by EdgeProp Singapore, took place at the Elta sales gallery, a new 501-unit project jointly developed by MCL Land and CSC Land Group. The sales gallery opened for public preview on Feb 7.

In January, the government hinted at the possibility of implementing additional property cooling measures and stated that it was not yet time to relax existing measures. As a result, developers sold 1,083 new private residential units (excluding executive condos) last month, an increase of 256% compared to the previous year.

According to Cheong, if new cooling measures are introduced, the government is likely to implement a measure that applies uniformly across the residential market. The panel also discussed the possibility of new measures targeting the resale market of HDB flats.

Wong noted that the HDB resale market acts as a “floor” for the housing market in Singapore, and any increase in price there will have an upward effect on prices in the private housing segment. He adds that the government may consider adjusting the seller’s stamp duty (SSD) and introducing stricter loan restrictions.

On the other hand, Tong pointed out that the government plans to boost the supply of GLS and BTO units to meet housing demand. The first half of 2025 GLS program includes 10 sites on the Confirmed List, with a potential yield of 5,000 new homes, while HDB plans to release 19,600 BTO flats in 2025.

Under the new BTO categorization, newly launched Prime and Plus BTO flats will take around 14 years to enter the resale market, and their impact on prices will only be felt much later on, according to Cheong. Wong adds that prices in the resale market tend to follow project completions and HDB estates completing their minimum occupation period (MOP), rather than the pipeline of GLS sites up for tender each year. “In terms of prices, project completions, rather than GLS supply, are more likely to influence prices,” says Wong.

Despite this, all three panelists agree that the strong success of recent new launches indicates a positive buyer sentiment for projects hitting the market this year. For example, Elta attracted approximately 4,500 visitors during its first three days of public preview. Other recent launches this year, such as The Orie and Bagnall Haus, also saw strong sales rates of 86% and 63%, respectively.

The panelists also discussed Budget 2025 and any measures that could potentially impact the property market this year.

Song believes that Singapore has seen a relatively strong economic recovery since the recession caused by the Covid-19 pandemic. As it is an election year, he predicts that Singaporeans can expect more government handouts funded by surpluses from healthy government revenue collections in the past three years.

The panelists also took questions from the audience, with some participants questioning whether the residential property market was currently in an “euphoric” phase.

Cheong commented that the current sense of market exuberance will likely subside as developers strategically time the launch of new projects. He adds that several launch-ready projects are located in neighborhoods that have not seen a new launch in several years. “If a specific location hasn’t seen a new launch in around five or six years, demand tends to build up over time,” he says.

Some attendees also inquired about the rental market this year, which has slowed down since its peak two years ago. Cheong notes that while the total number of expatriates in Singapore has decreased in the past year, 2024 saw an increase in the number of rental transactions. He explains that this may be due to falling rents, which encouraged some renters to stop flat-sharing and find their own accommodation. However, he adds that this is offset by layoffs in the technology and finance sectors this year, which may moderate rental price growth.

During the event, Tong also presented a session of EdgeProp’s Master Plan Master Class, which covered upcoming transformation plans in Clementi and Jurong East.

He noted that the completion of the second phase of the Cross Island Line (CRL) will add a new MRT station (West Coast) and turn the existing Clementi station into an interchange. “Historically, MRT interchanges tend to have a positive impact on surrounding property prices,” says Tong.

Transformation plans in Clementi include the redevelopment of Clementi Stadium and the installation of more than 6.6km of cycling paths in the area. The housing demand in Clementi is also expected to benefit from the progressive development of the Jurong Lake District and the new jobs created in the nearby Tuas megaport, Tuas Biomedical Park, Jurong Island, and Jurong Innovation District.

According to data compiled by EdgeProp Singapore, the average age of existing condos in Clementi is about 17 years. Tong notes that recent new projects in Clementi have seen strong increases in capital gains over the years. This includes Clavon (24% increase since launch) and The Clement Canopy (43% price growth since launch) – both projects are located near Elta.

The scarcity of land in Singapore has created a soaring demand for condos in the city. As a small and densely populated island, Singapore faces challenges in finding available land for development. This has resulted in strict land use regulations and a fiercely competitive real estate market, where property prices continue to rise. With this trend, investing in real estate, especially in Singapore Condo, has become a highly profitable option with the potential for significant capital gains.

The data is from EdgeProp Singapore’s suite of property tools designed to help owners, buyers, and sellers understand market and price trends, such as HDB resale prices, analytics of profitable transactions, and upcoming GLS sites.…

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.…