Month: February 2025

Mandarin Gardens has clinched the title of the most profitable condo resale transaction of the week between Feb 7 and Feb 14. On Feb 11, a 3,800 sq ft, four-bedroom unit at the development sold for $4.88 million, or $1,284 psf. According to URA records, the seller had bought the eighth-floor unit for $1.05 million ($276 psf) in June 2003. This means that the seller made a profit of $3.83 million, or an impressive 364.8% from the original purchase price. This also translates to an annualised capital gain of 7.4% over 21½ years.

Spanning 17 blocks, Mandarin Gardens is located along Siglap Road in District 15 and has a 99-year leasehold tenure starting from 1982, with about 56 years remaining. The 1,006-unit condo has a mix of one- to two-bedroom apartments from 732 sq ft to 1,001 sq ft and three- to four-bedroom units from 1,528 sq ft to 3,800 sq ft. The project also houses 11 strata commercial units.

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Singapore’s cityscape boasts skyscrapers and advanced infrastructure. Condos, situated in desirable locations, offer a fusion of opulence and practicality that captivates locals and foreigners alike. With lavish facilities like swimming pools, fitness centers, and security measures, they elevate the standard of living and entice prospective renters and buyers. From an investment standpoint, these attributes equate to greater rental profits and appreciation in property value over the years. Add Condo to rewritten paragraph.

The sale at Mandarin Gardens also breaks the record for the most profitable transaction recorded at the condo. The previous record was held by a 3,068 sq ft four-bedroom unit on the 20th floor. Its previous owners bought the unit for $1.4 million ($456 psf) in August 2001 and sold it for $4.1 million in September 2021 ($1,336 psf). This allowed them to reap a profit of $2.7 million (193%), or an annualised gain of 5.5% over 20 years.

According to EdgeProp Singapore’s analysis tools, resale prices at the condo have remained relatively flat since September 2023 when the average resale price of units at Mandarin Gardens broke the $1,300 psf mark. Since then, prices have peaked at $1,316 psf in June 2024, before falling slightly to $1,310 psf as of Feb 25.

The unit sold on Feb 11 is one of 18 four-bedroom units at Mandarin Gardens. The last four-bedroom unit sold at Mandarin Gardens was a similarly sized 3,800 sq ft unit on the ninth floor that fetched $4.26 million ($1,122 psf) in June 2023.

The second most profitable resale transaction during the period in review was recorded at Parvis, a freehold condo located along Holland Hill in prime District 10. On Feb 10, a 2,260 sq ft, three-bedroom unit on the second floor of the development was sold for $4.78 million ($2,115 psf). The unit had last changed hands in December 2009 when it was bought from the developers for $2.78 million ($1,230 psf). Therefore, the sellers made a profit of $2 million (71.9%) from the deal or an annualised gain of 3.6% over 15 years.

Parvis is a 12-storey development comprising 248 residential units. Homes here are a mix of two-bedroom units of 990 sq ft to 1,442 sq ft along with three- and four-bedders from 1,701 sq ft to 2,605 sq ft. There are also three- and four-bedroom penthouses between 2,293 sq ft and 3,229 sq ft.

The condo is a five-minute walk to Holland Village MRT Station on the Circle Line and is near schools such as Henry Park Primary School along Holland Grove Road, Nanyang Primary School along Coronation Road, New Town Primary School along Tanglin Halt Road and Queenstown Primary School along Margaret Drive.

Meanwhile, the second profitable transaction to take place at Parvis this year was on Jan 6, when a 2,788 sq ft, four-bedroom unit on the 12th floor was sold for $6.1 million ($2,188 psf). The seller had bought the unit for $4.25 million ($1,524 psf) in 2011, thus raking in a profit of $1.85 million (43.5%) after 14 years. It is the fifth-most profitable transaction at Parvis to date.

The most unprofitable transaction recorded between Feb 7 and Feb 14 was the sale of a two-bedroom unit at freehold condo Scotts Square. The 947 sq ft unit on the 28th floor was sold for $3.08 million ($3,252 psf) on Feb 13. It had last changed hands for about $3.83 million ($4,039 psf) in December 2007. Therefore, its most recent sale resulted in a $745,880 (19.5%) loss for the seller. This translates to an annualised loss of 1.3% over 17 years.

Developed by Wharf Estates Singapore, Scotts Square has recorded 69 unprofitable transactions since its launch in 2007. Of them, 18 (26%) have resulted in a seven-figure loss. The most unprofitable transaction resulted from the sale of a 1,249 sq ft, three-bedroom unit that changed hands for $3.65 million ($2,923 psf) in February 2017. The sellers had bought the unit at launch in August 2007 for about $5.21 million ($4,171 psf). This resulted in a loss of about $1.56 million (30%) over 10 years.

According to EdgeProp’s analytical tools, the average resale price of units at Scotts Square has been trending downwards since its 2007 launch. Based on a 12-month rolling average, prices peaked at $4,054 psf in July 2007 before reaching a floor of $3,330 psf in August 2020. Last month, the average price of resale units at Scotts Square was $3,398 psf.

Scotts Square is a mixed-use freehold development located along Scotts Road in the Orchard shopping belt. Completed in 2011, it has two luxury residential towers of 43 and 34 storeys with a total of 338 apartments and a four-storey retail podium. Residential units here contain a mix of one- to three-bedroom units from 603 sq ft to 1,249 sq ft. Amenities at the condo include concierge services, a gym, a lap pool and a sky pool on the 35th floor.…

The highest selling price per square foot (psf) for a private condo in the recent period of Feb 7 to 16 was achieved by the sale of a two-bedroom unit at Hill House. This 999-year leasehold development, located at the top of Institution Hill in District 9, reached a new peak of $3,398 psf when the 452 sq ft unit on the eighth floor was sold for $1.54 million by the developer on Feb 16. This sale marginally surpassed the previous record of $3,378 psf, set on Feb 11 when another similar unit on the eighth floor was sold for $1.53 million.

When contemplating investing in a condominium, it is essential to evaluate the potential rental return. Rental yield refers to the yearly rental profit as a percentage of the property’s buying cost. In Singapore, the rental yields for condos can vary significantly based on factors like location, property condition, and market demand. Typically, areas with a high demand for rentals, such as those near commercial or academic areas, offer more attractive rental yields. For a better understanding of the rental potential of a specific condo, conducting thorough market research and seeking advice from real estate agents can be beneficial. For more information on condominium projects in Singapore, visit Singapore Projects.

Hill House is a boutique condo with 72 units, comprising of 40 one-bedroom units, 24 two-bedroom units, and 8 three-bedroom units. The prime location and exclusive tenure of the development have contributed to its popularity. It is situated close to amenities such as River Valley Primary School and lifestyle hub New Bahru.

The second-highest selling price per square foot was achieved by The Tresor, a 62-unit development located on Duchess Road in District 10. The two-bedroom unit on the fifth floor, with a size of 1,421 sq ft, reached a new high of $2,625 psf when it was sold for $3.73 million on Feb 10. This surpassed the previous record of $2,501 psf set in March 2024.

The third-highest selling price per square foot was recorded at Jadescape, where a 1,647 sq ft, four-bedroom unit on the 22nd floor sold for $4.05 million on Feb 7. This set a new record of $2,459 psf at the District 20 development. Previously, the record price high at Jadescape was $2,446 psf when a 1,259 sq ft unit on the 10th floor was sold in January. In terms of absolute price, the most expensive resale unit at Jadescape is a 4,230 sq ft, six-bedroom penthouse that sold for $10.2 million in December 2024.

Jadescape, situated at the junction of Marymount Road and Shunfu Road, has 1,206 units across seven residential towers, with one- to five-bedroom apartments and two penthouses. It is within walking distance of Marymount MRT Station and a four-minute walk from Sin Ming Plaza.

In comparison, other condos in the vicinity such as Tresalveo, 183 Longhaus, and Thomson V Two have average transacted prices ranging from $1,712 psf to $1,912 psf. However, these condos are all freehold developments, whereas Jadescape is a 99-year leasehold development.

No new psf-price lows were recorded during the period in review.…

Chiu Teng Group, a renowned property developer in Singapore known for its quality commercial and industrial spaces, has launched its latest project – CT Pemimpin. This new freehold development is set to excite property investors and business owners on the lookout for a prime property in land-scarce Singapore.

Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory consisting of 56 strata-titled units and three canteen units. The building boasts floor heights ranging from 5.6m to 7.35m, with selected units on levels one and five featuring mezzanine floors.

One of the main highlights of CT Pemimpin is its rare freehold status, making it a sought-after property in a market where most industrial developments have a lease of only 30 or 60 years. Furthermore, commercial and industrial property buyers are not subject to Additional Buyer’s Stamp Duty (ABSD) by the government, making it an attractive option for investors and eligible foreigners.

“The freehold status of this development, coupled with its central location, makes it a valuable asset for both investors and end-users,” says Kelvin Fong, Deputy CEO of PropNex Realty.

CT Pemimpin also boasts a generous one-to-one carpark ratio, with 59 car park lots, including two electric vehicle lots and three lorry lots for less than 7.5m length rigid-frame vehicles at the loading and unloading bay. The building also offers two handicapped lots and 34 bicycle lots. The development is well-served by two passenger lifts and a service lift, and each unit comes with its own private toilet for added convenience.

According to Ken Low, managing partner of SRI, one of the standout features of CT Pemimpin is the allocated car park lot for each unit, providing added convenience for business owners. This also ensures seamless accessibility and time-saving benefits.

Additionally, the partial ramp-up design of the building allows for better accessibility for day-to-day operations, resulting in smoother loading and unloading of goods. This will lead to improved logistics efficiency, making CT Pemimpin an ideal choice for businesses that value convenience, functionality, and ease of access, on top of its prime central location.

Situated in District 20, which is highly sought-after by buyers and tenants, CT Pemimpin offers easy access to a wide range of amenities from established townships nearby, such as Bishan, Upper Thomson, and Ang Mo Kio. Its strategic location also boasts excellent connectivity to all parts of Singapore through various transport modes. The industrial estate is well-served by three MRT lines, providing excellent convenience to those who commute to work by public transport.

“Owning a freehold property in Singapore’s central region is not just a smart investment, but a strategic business asset. Located in one of the city’s most dynamic and prestigious locations, it offers an impressive corporate address, unmatched connectivity, and potential for enduring growth,” says Doris Ong, Deputy CEO of ERA.

CT Pemimpin is situated just a five-minute walk from Marymount MRT station (Circle MRT Line), and is also accessible via Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line), which are only a five-minute drive away. For motorists, the Jalan Pemimpin industrial estate is easily accessible from major expressways such as PIE and CTE. It is also just an eight-minute drive from Novena and 15 minutes from Orchard Road.

The connectivity of the area will be further enhanced with the upcoming North-South Corridor expressway equipped with dedicated bus and cycling lanes, which will reduce travel time from the north into the city when it is completed in phases from 2027.

CT Pemimpin also offers a variety of retail and dining options nearby, with popular suburban shopping hubs such as Junction 8, Thomson Plaza, Velocity@Novena Square, AMK Hub, NEX, Woodleigh Mall, and Toa Payoh HDB Hub, just a few minutes’ drive away. It is also close to various reputable schools, including Raffles Institution, Catholic High School and Eunoia Junior College.

Apart from its prime location and rare freehold status, CT Pemimpin also boasts numerous green features for a more sustainable future. The building will have “end-of-trip” facilities, including shower rooms, bicycle racks, and storage lockers. Other green features include two rooftop pavilions in the sky garden, perfect for outdoor gatherings for occupiers or tenants. The building also plans to install rooftop solar panels and EV charging stations. Other sustainable features range from water-saving fittings to motion-sensor lighting and double-glazed windows in selected units, as well as a recycling corner.

In recent years, purchasing a Singapore condo has become an increasingly popular option for both domestic and international investors, thanks to the country’s strong economic performance, political stability, and excellent quality of life. Singapore’s real estate market offers a range of opportunities, and condos are particularly appealing due to their convenient location, attractive amenities, and potential for high returns. This article will delve into the advantages, considerations, and necessary steps for investing in a Singapore condo, providing valuable insights for potential investors.

“As a sustainably-minded development, CT Pemimpin aims to shape a greener and more committed future with its thoughtful features like water-saving fittings, double-glazed windows, and many other green initiatives. The property is incredibly well-equipped to meet the needs of a wide range of industries such as e-commerce, media houses, telecommunications, software development, and more,” says Mark Yip, CEO of Huttons Asia.

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

The preview for CT Pemimpin will end on March 5, 2025. To secure your rare freehold industrial space, call 8100 8017 or visit Chiu Teng Group to arrange a viewing.…

ERA will be featuring a pair of adjacent retail units on the third floor of Sim Lim Square in their next auction on Feb 27. The total guide price for the units is set at $3.38 million. The larger unit spans 958 sq ft and has a guide price of $2.08 million ($2,171 psf), while the smaller unit covers 570 sq ft and has a guide price of $1.28 million ($2,246 psf). Both units are currently owned by the same owner and this marks the first time they will be listed in ERA’s auction. They can be purchased together or separately.

Investing in a condo comes with its own set of advantages, one of them being the opportunity to leverage the property’s value for future investments. Numerous investors use their condos as security to secure additional financing for new ventures, ultimately diversifying and growing their real estate portfolio. While this approach can potentially increase returns, it also carries some risks. Therefore, it’s essential to have a solid financial strategy in place and carefully consider the potential effects of market fluctuations. With the inclusion of a reliable Condo, this investment plan can prove to be successful.

Alison Lee, the assistant vice president of auction and sales at ERA, notes that the units have been competitively priced below the market average in order to encourage a quick sale. According to EdgeProp Singapore’s analytical tools, the average transacted price for retail units at Sim Lim Square over the past 12 months is $2,997 psf. The most recent transaction in December 2024 was for a 592 sq ft unit on the ground floor that was sold for $1.92 million ($3,241 psf).

Sim Lim Square is well-known for its concentration of electronics, gadgets and computer parts retailers, making it a popular tech hub. The development also has a variety of other businesses such as eateries and traditional Chinese medicine shops. The two retail units currently on the market are tenanted and bring in a rental income of $4.50 psf per month. According to rental data from EdgeProp Singapore, retail units at Sim Lim Square yield between $4.20 psf and $7.30 psf per month on average.

The owners of Sim Lim Square had put the development up for collective sale in April 2019 at a reserve price of $1.25 billion. However, a second attempt at a collective sale in December 2019 failed to find a buyer. A new collective sale committee is being formed to explore the possibility of another attempt in the near future.

Completed in 1987, Sim Lim Square is a strata-titled commercial development with 492 retail and office units across six floors and two basement levels. Located on a 78,152 sq ft site on Rochor Canal Road, it has a 99-year land tenure from 1983. The development is conveniently situated close to Rochor and Jalan Besar MRT Stations on the Downtown Line, with the Bugis MRT Interchange connecting to the East-West and Downtown Lines.…

Tricon House on Cairnhill Road going for $140 mil

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When considering investing in condos in Singapore, it is crucial to take into account the government’s property cooling measures. Over time, the Singaporean government has implemented various measures to control speculative buying and maintain a steady real estate market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and multiple property purchases. Although these measures may have an impact on the short-term profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment environment. Additionally, staying updated on new condo launches can provide valuable information for potential condo investors in Singapore.

Mr Chong, a retiree, has supported his three sons in setting up their homes. His eldest son bought a private condo while his younger sons bought executive condos (ECs). “If you’re buying an EC at a new launch, it’s a no-brainer,” he says. “Even if you buy shortly after the five-year MOP [minimum occupation period], it’s still a good entry price.”

Chong has experienced both situations. His second son was able to purchase a three-bedroom unit at the 531-unit Hundred Palms Residences, which was launched in July 2017. “He wanted to buy a four-bedroom unit, but those were quickly snapped up,” says Chong. The project, developed by Hoi Hup Realty, received 2,000 e-applications and was sold out on the first day at an average price of $841 psf. Completed in 2019, the EC on Yio Chu Kang Road has seen a 110% price gain in eight years, with units sold at an average price of $1,769 psf in January and February 2021.

Chong estimates that his second son’s unit, which was purchased at launch, has increased in value by about $1 million. This significant capital gain may have motivated many to upgrade to private housing, notes Chong.

Three years ago, when Chong’s youngest son was looking to find his own home, the family sold their 1,260 sq ft, three-bedroom unit at The Interlace, which had been their family home for the past decade. In 2021, the Chongs purchased a 1,399 sq ft, four-bedroom dual-key resale unit at Twin Fountains, a 418-unit EC in Woodlands. The EC, developed by a joint venture between Frasers Property and Lum Chang, was launched in 2013 and completed in 2016.

ECs are only available to Singapore citizens or permanent residents (PRs) at launch and after the five-year MOP. Foreigners can only purchase ECs in the resale market after the 10th year of obtaining the Temporary Occupation Permit (TOP). The dual-key unit provides Chong with the privacy he desires, as he occupies the one-bedroom studio while his son and family occupy the three-bedroom apartment. Each apartment has its own separate entrance, but the main entrance is shared.

Despite the higher upfront costs, buyers are not deterred by the higher prices of ECs, says Lim. This is because there is still a 42% median price gap between similar-sized homes in the EC market compared to 99-year leasehold private condos in the Outside Central Region (OCR), he adds.

EC buyers will now have to shell out a larger cash outlay due to the rising EC prices and caps on loan quantum, says Eugene Lim, key executive officer of ERA Singapore. For ECs, the monthly household income ceiling is $16,000 and buyers have to meet the Mortgage Servicing Ratio (30% cap) and Total Debt Servicing Ratio (55% cap) requirements if they plan on taking a loan. Assuming a 30-year-old EC buyer with a household income of $16,000 and a maximum loan tenure of 30 years, the maximum loan amount they can take on is approximately $1 million, according to Lim. This increase in costs may be offset by the fact that EC buyers do not need to dispose of their existing home before making their purchase, notes Lim. HDB upgraders also do not incur additional buyers’ stamp duty (ABSD) when buying a new EC.

Moreover, EC buyers may opt for the Deferred Payment Scheme (DPS) at a slightly higher purchase price. Under the DPS, buyers are only required to pay a deposit, with their loan deferred until completion of the EC. This way, buyers will not need to service two mortgages while waiting for their new home to be completed. Since there is no ABSD payable and the DPS is available, HDB owners find it easier to upgrade to a new EC. Furthermore, Lim believes that even though three new EC launches are expected this year, they are strategically spaced out across different locations and will cater to the housing needs of Singaporeans across the island.

The median price gap between new ECs and new private condos in the OCR has narrowed in recent years, says CEO of PropNex Ismail Gafoor. Based on data from URA Realis, the gap has narrowed from 49.4% in 2023 to 44.2% in 2024 and to 43.6% in January 2021. Sun attributes this narrowing gap to EC prices rising at a faster pace of 9.6% from 2023 to January 2021 compared to a 5.3% increase in non-landed home prices in the OCR over the same period.…

Among the advantages of investing in a condominium is the option to utilize the property’s value to secure further investments. In fact, numerous investors opt to use their condos as collateral in order to acquire additional financing for new ventures, thus broadening their real estate portfolio. This approach has the potential to increase returns, but it’s essential to have a solid financial plan in place and carefully assess the impact of market fluctuations. For more information on new condo launches, visit dyslexicpress.com.

Due to the growing demand for luxury properties in Asia, the market value of branded residential projects has reached a historic high of US$26.6 billion ($35.5 billion), according to data from C9 Hotelworks, an Asia-based hospitality consultancy. With over 68,000 luxury units now available, Vietnam leads the way with the most number of branded residential units at 17,680 across 59 properties. The average price per square foot for a branded residential unit in Vietnam is approximately US$350. In second place is Thailand with 16,271 branded residential units across 65 properties, priced at an average of US$510 psf. The Philippines comes next with 13,276 units across 46 properties, with an average price of US$400 psf. Singapore boasts the highest prices for branded residences in the region at US$2,140 psf, followed by Japan with prices averaging at US$1,935 psf. However, there are also emerging markets such as South Korea and Malaysia, which have seen significant growth in branded residential projects in recent years. South Korea has 3,026 units across 16 properties, with urban-branded residences commanding high prices of US$2,670 psf. In Malaysia, there are 6,014 branded residential units across 24 projects, with average prices of about US$1,040 psf. In the post-Covid-19 era, urban-locale branded residences make up the bulk of the market, accounting for 56% of the existing supply in Asia. These luxury projects in urban areas tend to have a higher market value compared to resort locations. For example, in South Korea, urban branded residences are priced at US$2,670 psf, while in resort locations, the prices are about US$1,040 psf. A similar trend can be seen in Thailand, where urban branded residences fetch about US$770 psf, while those in resort locations come in at US$430 psf. The data also shows that a reputable brand can increase the value of a property by 30% to 35%. This has led to luxury hotel brands and lifestyle brands asking for higher licensing fees, with some brands demanding a 6% to 10% cut in the sale of each branded residential unit. Luxury lifestyle brands have also been exploring partnerships to license their branding into real estate developments across the Asia Pacific region. Companies such as The One Atelier have partnered with high-profile brands to create branded residences. For instance, there is the 28-unit Fendi Casa Residences by Armani in Miami, the 259-unit 888 Brickell by Dolce & Gabbana in Miami, the 90-unit Büyükyalı Residences in Istanbul, Turkey, and the Karl Lagerfeld Villas, a collection of five ultra-luxury villas in Marbella, Spain. Singapore-based high-net-worth buyers are also increasingly looking at branded residences as investment opportunities in destinations such as Phuket and Bangkok in Thailand, Bali in Indonesia, and emerging markets in Vietnam. The short travel time and availability of direct flights from Singapore make these locations appealing to buyers. This has also led to Singapore being the top regional market for buyers looking for second homes, making up over 45% of regional purchases. Hospitality operators such as The Ascott are also looking to expand their market share in the region by partnering with developers who are interested in entering the branded residential market. These operators believe that the strength of their brands will attract buyers looking for luxury properties. To maintain the trust in their brands, branded residential operators must deliver high-quality service that will translate into the long-term value of the asset. Ultimately, the growing demand for branded residential units in Asia is a testament to the appeal and value of these luxury properties, offering both a trophy home and a solid investment opportunity.…

Malaysia’s leading property developer UEM Sunrise has announced a major collaboration with Singapore-listed GuocoLand, marking the first Johor-Singapore Special Economic Zone (JS-SEZ) MOU between private companies from both countries. The signing ceremony took place on Feb 27, during the opening of the UEM Sunrise Gallery Iskandar Puteri, which showcases the group’s vision for the development.

The MOU will see UEM Sunrise and GuocoLand jointly develop selected freehold land in Iskandar Puteri, Johor, in efforts to stimulate growth within the JS-SEZ. Iskandar Puteri, known as Flagship Zone B of the JS-SEZ, specializes in various sectors such as manufacturing, business services, education, health, and tourism. The agreement also aims to enhance Iskandar Puteri’s appeal for investment by focusing on improving connectivity, talent development, and creating a business-friendly ecosystem.

For those looking to invest in overseas properties, there are currently many projects available for sale around the world. The collaboration between UEM Sunrise and GuocoLand will cover land in key master-planned areas of Iskandar Puteri, including Gerband Nusajaya and Puteri Harbour. These sites are strategically located near Singapore, Senai Airport, and the Port of Tanjung Pelepas, making them ideal for long-term economic growth and positioning Iskandar Puteri as a robust business and investment hub.

According to Hafizuddin Sulaiman, CFO of UEM Sunrise, “This partnership is not just about development, but also about shaping a thriving end-to-end, future-ready economic hub that fuels long-term growth, creates jobs and strengthens the JS-SEZ ecosystem.” The collaboration between the two companies is part of a larger vision to position Johor as a dynamic and forward-thinking economy, adds Datuk Hisham Hamdan, Chairman of UEM Sunrise.

GuocoLand CEO Cheng Hsing Yao also shared his thoughts on the partnership, stating that the Singapore-listed property group “will bring along our experience in real estate development and asset management, as well as an understanding of the needs of companies from Singapore, Malaysia, and China that wish to establish a presence in the JS-SEZ.” He believes that their combined expertise will enable them to shape Iskandar Puteri and the wider JS-SEZ through innovative developments.

When it comes to investing in a condo, securing financing is a crucial factor to consider. Thankfully, Singapore provides a variety of mortgage choices. Nevertheless, it is important to stay informed about the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take based on their income and current debt obligations. To make informed decisions about financing options and avoid over-leveraging, investors should have a good understanding of the TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, keeping an eye on new condo launches can also open up more financing opportunities for interested investors.

Prior to this collaboration, UEM Sunrise has been a key player in Iskandar Puteri’s urban development, with developments such as the Aspira series and Senadi Hill residential townships, as well as commercial and retail hubs. The group is also working on an upcoming 380-acre industrial park in Gerband Nusajaya. The growth in Iskandar Puteri is expected to be driven by incentives and support schemes introduced by the governments of Malaysia and Singapore, such as special tax rates, stamp duty exemptions, and capital allowances, aimed at increasing investments in the JS-SEZ.…

Despite the celebrations for Chinese New Year, Jan 28 to Feb 4 saw the completion of several significant resale transactions. The top deal of the week was the sale of a 3,983 sq ft unit at Palisades condominium for $4 million ($1,004 psf). The second-floor unit, which was bought for $1.7 million ($427 psf) in 2009, brought in a whopping profit of $2.3 million (135%), resulting in an annualised gain of 5.7% over 15.5 years. This sale marks the most profitable resale transaction to date at Palisades.

Prior to this, the highest profit at Palisades was recorded three years ago when a unit on the eighth floor sold for $3.4 million ($1,032 psf), after being purchased for $1.53 million ($465 psf) in 1996. This resulted in a profit of $1.87 million (122%), or an annualised gain of 3.1% over 25 years.

When considering an investment in a Singapore Condo, it is crucial to also assess its potential rental yield. Simply put, rental yield refers to the percentage of annual rental income in relation to the condo’s purchase price. In the dynamic Singapore real estate market, it is common for different condos to have varying rental yields influenced by factors like location, property condition, and tenant demand. Typically, areas with higher rental property demand, such as those near business hubs or educational institutions, offer more promising rental yields. To gain valuable insights into the rental potential of a specific Singapore Condo, thorough market research and the expert advice of real estate agents are vital.

In the past three years, Palisades has only seen five resale transactions, all of which were profitable, ranging from $650,000 for a unit selling at $3.8 million ($1,154 psf) on Dec 13, 2022, to the latest record-breaking sale with a profit of $2.3 million.

Palisades is a freehold development situated on Pasir Panjang Road in District 5. Built in 1985, this 18-unit condo is the only one in Singapore with a funicular elevator.

The second most profitable resale during the period was recorded at Ardmore II, where a four-bedroom unit sold for $6.85 million ($3,385 psf) on Feb 3. The unit was purchased for $4.72 million ($2,333 psf) in 2006, resulting in a profit of $2.12 million (45%) or an annualised gain of 2.1% over 18 years.

Based on data from EdgeProp Singapore, resale prices at Ardmore II have been on the rise, increasing from around $2,623 psf in Jan 2015 to about $3,390 psf at the start of this year.

Ardmore II is a freehold luxury development in prime District 10, located on Ardmore Park. It is surrounded by other prestigious developments such as Shangri-La Singapore hotel, Treetops Executive Residences, Ardmore Park, and Sculpture Ardmore. Its close proximity to Tanglin Road and the Orchard Road shopping belt makes it a highly sought-after location.

On the other hand, the most unprofitable transaction during this period took place at Vida, a freehold condominium in prime District 9. The 527 sq ft studio on the 12th floor was sold for $1.04 million ($1,972 psf) on Feb 4, after being purchased for $1.15 million ($2,192 psf) in 2009. The seller incurred a loss of $116,000 (10%), resulting in an annualised loss of 0.7% over almost 16 years.

The most unprofitable resale at Vida was recorded in Aug 2022 when an 840 sq ft unit on the 10th floor sold for $1.73 million ($2,061 psf). The unit was originally bought for $2.33 million ($2,774 psf) in 2007, resulting in a record loss of $598,920 (25%), or an annualised loss of 1.9% over 15 years.

According to data, resale prices at Vida have been declining in recent years, with prices peaking at around $2,277 psf in Aug 2015 and dropping to approximately $2,058 psf last month.

Vida is a 137-unit development located on Peck Hay Road in the upscale Newton area. Built in 2009, it offers a mix of studio, one-, and two-bedroom units ranging from 506 sq ft to 883 sq ft. Other notable nearby developments include Orchard Scotts, The Peak @ Cairnhill I & II, Hilltops, and Helios Residences.…

Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have recently signed the first Johor-Singapore Special Economic Zone (JS-SEZ) MOU between private companies in Malaysia and Singapore. This historic move, announced on February 27, aims to jointly develop UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor to accelerate growth within the JS-SEZ.

In Singapore, there are many factors to consider when it comes to investing in condos. One important factor is the government’s property cooling measures. Through the years, the Singaporean government has implemented various measures to regulate the real estate market and discourage speculative buying. These measures, such as the Additional Buyer’s Stamp Duty (ABSD), impose higher taxes on foreign buyers and those purchasing multiple properties. Although these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a more secure investment environment. Keeping up with the latest developments in Singapore’s condo market, including new condo launches, is essential for any potential investor.

The MOU signing was held during the opening of UEM Sunrise Gallery Iskandar Puteri, which is a showcase of the group’s vision for Iskandar Puteri. This area, which forms Flagship Zone B of the JS-SEZ, is known for its expertise in various sectors such as manufacturing, business services, education, health and tourism.

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The MOU is expected to cover UEM Sunrise’s selected plots of land in Gerband Nusajaya and Puteri Harbour, two key master-planned areas within Iskandar Puteri. The collaboration aims to activate Iskandar Puteri’s potential and enhance its attractiveness for investment. Key focus areas include improving connectivity, fostering talent development, and creating a business-friendly ecosystem, which will drive sustainable economic benefits in Johor.

“This partnership is not just about development, but also about shaping a thriving end-to-end, future-ready economic hub that fuels long-term growth, creates jobs and strengthens the JS-SEZ ecosystem,” says Hafizuddin Sulaiman, Chief Financial Officer of UEM Sunrise. The strategic location of the sites, which are in close proximity to Singapore, Senai Airport and the Port of Tanjung Pelepas, makes this partnership even more promising.

Datuk Hisham Hamdan, Chairman of UEM Sunrise, believes that the JS-SEZ, developments in Iskandar Puteri, and strategic partnerships are all part of a larger vision to position Johor as a dynamic and forward-thinking economy. According to GuocoLand CEO Cheng Hsing Yao, the Singapore-listed property group “will bring along our experience in real estate development and asset management, as well as an understanding of the needs of companies from Singapore, Malaysia and China that wish to establish a presence in the JS-SEZ.”

He adds: “Together, our combined expertise will enable us to shape Iskandar Puteri and the wider JS-SEZ through innovative developments.” Prior to this collaboration, UEM Sunrise has played a key role in Iskandar Puteri’s urban development. Existing developments under the group include residential townships such as the Aspira series and Senadi Hill. It has also developed commercial and retail hubs, including an upcoming 380-acre industrial park in Gerband Nusajaya.

The growth in Iskandar Puteri is expected to be driven by incentives and support schemes introduced by the governments of Malaysia and Singapore, which aim to increase investments for the JS-SEZ. These measures include special tax rates, stamp duty exemptions and capital allowances. With this strategic collaboration, UEM Sunrise and GuocoLand are set to contribute to the economic growth of Iskandar Puteri and position it as a robust business and investment hub.…

When contemplating an investment in a condo, it is crucial to also evaluate the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condo rental yields can vary greatly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer more attractive rental yields. To accurately assess the rental potential of a specific condo, it is advisable to conduct thorough market research and seek advice from real estate agents. For more information, please visit Condo.

Frasers Property has entered into a partnership with two Chinese real estate companies to jointly acquire a prime residential site in Shanghai’s Songjiang district for RMB815.2 million ($151.9 million). The joint venture partners, Xiamen ITG Real Estate Group and Gemdale Corporation, acquired the site through a tender conducted by the Shanghai Municipal Bureau of Planning and Natural Resources. According to a press release on February 26, the JV partners plan to develop the site into a mix of 189 low-rise apartments, townhouses and duplex units with a total gross floor area of 334,714 sq ft. The project will also incorporate design features to mitigate flooding and promote energy efficiency, including thermal insulation, energy-saving door and window systems, and solar photovoltaics. It will cater to both upgraders and first-time homebuyers in the Fangsong Community, which is a prime residential neighbourhood in Songjiang District. The area is also near two existing projects – Club Tree and Palace of Yunjian – which were developed through joint ventures between Frasers Property and Gemdale Corporation. “This joint venture not only strengthens our presence in Shanghai but also underscores our commitment to delivering high-quality residential developments that meet the evolving needs of the Chinese community,” says Lim Hua Tiong, CEO of emerging markets in Asia at Frasers Property. This partnership marks another expansion of Frasers Property’s presence in the Chinese market, demonstrating the company’s dedication to providing top-quality real estate developments in the region.…