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Grange 1866 tops price chart in week of Sep 20 – 27Hill House hits new record price for second time this monthThe Cosmopolitan unit at Kim Seng Road fetches $3.7 mil profitHill House tops new high in psf price at $3,267 psfGrange 1866 tops 2021 price chart with $4,400 psf sale priceGeneral InfoDownload the EdgeProp app now to get more articles like this and search for properties sale and per sqm deals

The luxurious freehold development Grange 1866 made headlines in the week of Nov 22 to 29, as it topped the list of condos with a new psf-price high. The developer sold a two-bedroom unit measuring 818 sq ft for $2.78 million, setting a new record of $3,393 psf.

Investing in a Singapore Condo offers a plethora of benefits, including the opportunity to leverage the property’s value for future investments. One of the advantages of owning a condo in Singapore is the ability to use it as collateral for obtaining additional funding for new ventures. This allows investors to expand their real estate portfolio and potentially increase their returns. However, it is essential to have a well-thought-out financial plan in place and carefully assess the potential risks, especially in a fluctuating market. By taking market fluctuations into consideration and creating a strategic financial plan, investing in a Singapore condo can prove to be a profitable and advantageous undertaking for investors.

This surpassed the project’s previous record of $3,390 psf from the sale of a 764 sq ft unit in June last year for $2.59 million. Grange 1866 has seen 12 new sale transactions this year at an average price of $3,181 psf. The most expensive unit sold this year was a two-bedroom unit on the 16th floor measuring 1,012 sq ft, which was sold for $3.02 million ($2,989 psf). Currently, 45 out of the 60 units have been sold, making up 75% of the project.

Grange 1866 is a freehold development located on Grange Road in prime District 10 and is expected to be completed by the end of 2025. The 16-storey residential block is situated on a 20,322 sq ft site and offers one- and two-bedroom apartments ranging from 527 to 1,012 sq ft.

Taking second place on the list was boutique condo Hill House, which also saw a new psf-price high for the second time in November. The latest record of $3,378 psf was achieved when a 452 sq ft, two-bedroom unit on the 8th floor was sold by the developer for $1.53 million on Nov 25.

This surpassed the previous record of $3,267 psf by 3.4% from the sale of a similar unit on the fifth floor on Nov 11 for $1.48 million. Since the start of the year, 12 units have been sold at Hill House at an average price of $3,108 psf. The lowest-priced unit this year was a three-bedroom unit on the fourth floor measuring 753 sq ft, which was sold for $2.21 million ($2,934 psf) on Oct 28.

Hill House is a 999-year leasehold condo located on Institution Hill, off River Valley Road in prime District 9. It is expected to be completed in 2026 and offers one- and two-bedroom units measuring 431 to 452 sq ft, two-bedroom units measuring 624 sq ft, and three-bedroom units measuring 753 sq ft. According to URA caveats, 30 units (42%) have been sold at an average price of $3,054 psf since the condo’s launch in November 2022.

The third spot on the list went to The Cosmopolitan, which saw a new psf-price high from the sale of a 1,324 sq ft, three-bedroom unit on the 26th floor for $3.73 million ($2,817 psf) on Nov 25. This surpassed the previous record of $2,795 psf from the sale of a similar unit on the 17th floor in October last year for $3.7 million.

The sellers of the 26th-floor unit had purchased it for $2.58 million ($1,950 psf) in November 2010, making a profit of around $1.15 million. The Cosmopolitan is a freehold development comprising two-bedroom units measuring 1,141 sq ft, three-bedroom units measuring 1,324 to 1,399 sq ft, and four-bedroom units measuring 1,679 sq ft. Completed in 2008, it is located on Kim Seng Road, just off River Valley Road in prime District 9. It is within walking distance to Great World MRT Station and offers nearby dining and retail options at Great World City.

In conclusion, there were no new psf-price lows recorded during the period in review. For more information on the latest condo transactions, check out the EdgeProp app or website.…

In order to keep up with the demand for housing and maintain stability in the market, the government has announced its plan to offer a total of 8,505 private residential units in the upcoming 1H2025 GLS Government Land Sales (GLS) programme. The Confirmed List and Reserved List will offer a combined total of ten plots – nine residential and one residential cum commercial – which can potentially yield 5,030 residential units, including 980 executive condo (EC) units. This is in line with the 5,050 units offered in the Confirmed List of 2H2024, but a significant increase from the average supply in previous GLS programmes from 2021 to 2023, which was around 60% lower.

The Reserve List will also see an increase in the supply of private residential units, with four sites offered, along with one commercial, three White sites, and one hotel site. These can potentially yield an additional 3,475 private residential units and 199,900 sqm (2.15 million sq ft) of commercial space. This is higher than the 3,090 units offered in 2H2024. Including the Reserve List, the total private housing supply for 1H2025 will be on par with the 8,140 units offered in 2H2024.

According to PropNex Research, the gradual increase in private housing supply over the past three years has contributed to the stabilization of the market, as seen through the moderation in property price growth. The URA private residential property price index shows a decrease in price growth from 10.6% in 2021 to 6.8% in 2023, and 8.6% in 2022. It is expected that there will be more modest gains in 2024, with a cumulative increase of about 1.6% in the first three quarters of the year.

To address the stiff competition for EC sites among developers and rising EC land prices, the government has increased the supply of EC sites, with three plots potentially yielding 980 units in the 1H2025 Confirmed List. This is a significant change from previous GLS programmes, as there was only one EC site offered in each half-yearly land sales programme since 2019. This increase in supply could potentially ease competition and help moderate EC land and property prices.

The strict regulations imposed by the Singaporean government greatly influence the condo market in the country. These laws are in place to ensure a balanced, healthy real estate environment and prevent any speculative activities. Throughout the years, the government has implemented various measures, including the Additional Buyer’s Stamp Duty (ABSD), specifically targeting foreign investors and individuals buying multiple properties. While these measures may initially affect the profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure and sustainable investment climate. It is vital for investors to thoroughly consider the government’s policies before making any investment decisions, especially when it comes to new condo launches in Singapore. These regulations safeguard the market, emphasizing the importance of staying well-informed before investing in new condo launches in Singapore.

The 1H2025 GLS programme will introduce seven new plots, including a plot at Lakeside Drive near Jurong Lake Gardens, in the Jurong Lake District, Dunearn Road in the new housing precinct in Bukit Timah Turf City, and Telok Blangah Road on the former Keppel Golf Course site. A plot on Dorsett Road, off Rangoon Road, which can yield 430 units, will also be launched for sale in 1H2025, along with a mixed-use site at Hougang Central with 835 residential units and over 400,000 sq ft of commercial space, likely to be integrated with the Hougang MRT Station.

The last time three EC plots were offered for sale in a single GLS programme was in 2H2014, and four EC sites were offered in 1H2014. The increase in EC land supply in 1H2025 could potentially soothe competition and help moderate EC land cost and prices accordingly.

In 2024, URA did not award the tender for three plots – Marina Gardens Crescent, the Jurong Lake District master developer site, and plots in Media Circle – due to low bids. These sites are now listed in the 1H2025 Reserve List, along with other sites in two new housing precincts, near MRT stations, which could be appealing to developers and homebuyers alike, as noted by Ismail Gafoor, CEO of PropNex.

Overall, the 1H2025 GLS programme shows a steady increase in private housing supply, which has contributed to the stabilization of the market. With the introduction of new plots, there is potential for more competition among developers, leading to more moderate prices in the future.…

St William, a subsidiary of the prestigious Berkeley Group, has recently launched a new residential project called Regent’s View in London. This 555-unit development is located in the Tower Hamlets borough, an area of London that is known for its vibrant and bustling atmosphere. What makes this project unique is that it is an adaptive reuse scheme, transforming a decommissioned Victorian-era gasholder site into a modern mixed-use development with a canal-front view.

Regent’s View has already caught the attention of the global community, winning the prestigious “Best Future Residential Project” award at the World Architecture Festival 2024, held in Singapore at the iconic Marina Bay Sands.

St William was formed in 2014 as a joint venture between Berkeley Group and London’s National Grid, with the aim of redeveloping disused industrial sites owned by the National Grid into new residential and community spaces. In 2022, Berkeley Group fully acquired St William, giving it access to 24 brownfield sites across London for its long-term landbank. Currently, St William has approximately six ongoing development projects.

One of these projects is Regent’s View, a 4.5-acre site situated along the banks of Regent’s Canal in Tower Hamlets. The site was formerly known as the Bethnal Green Gasholders, an iconic landmark in the area since the 1850s. The gasholders were used to supply gas to the surrounding homes but were decommissioned in 2012 due to structural decay. Out of the several Victorian-era gasholders, only two were deemed worthy of preservation. However, St William and their architectural partner, RSHP, have made it a priority to incorporate these historic frames into the design of the new development.

Graham Stirk, senior director at RSHP, explains, “Our design for Regent’s View celebrates the historical industrial heritage of the site. The decision to preserve the gasholder frames was not only for their historical significance but also to create a unique urban and architectural space for residents to enjoy.”

The development will comprise of five contemporary residential buildings, ranging from six to 13 storeys, surrounding a landscaped park. The two largest residential towers will feature restored gasholder structures, adding to the architectural charm of the development. In total, Regent’s View will offer 555 private and affordable homes, as well as 45,000 sq ft of ground floor commercial and community spaces, including 100m of public-access canal frontage. This will be the first time in over 150 years that the public will have access to this section of Regent’s Canal, which will be rejuvenated with new F&B offerings.

The development of Regent’s View was not without controversy, as local residents protested against the redevelopment of the site in 2019. However, the Tower Hamlets council voted in favor of the project, and St William spent nearly five years engaging with the community and addressing concerns. Dean Summers, divisional managing director at St William, shares, “We allocated 35% of the units for affordable housing, and we were committed to working closely with the council to preserve the gasholder frames and rejuvenate the canal front through placemaking activities.”

The design of the five residential blocks incorporates the existing gasholder frames, and the ground floors will feature non-residential spaces, such as cafes, bars, and restaurants. The two largest buildings will house public-facing amenities, while the remaining three will have exclusive facilities for residents. The project is a prime example of adaptive reuse, respecting the site’s history and creating a sustainable and vibrant community.

Regent’s View has received international interest, particularly from Asian buyers, thanks to its proximity to renowned educational institutions like University College London, King’s College London, and Queen Mary University of London. Additionally, the development is close to popular local attractions such as Broadway Market and London Fields, known for their artisanal shops, cafes, and young and lively atmosphere. The area is also well-connected, with Cambridge Heath train station providing access to central London and other popular destinations.

When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. This refers to the annual rental income as a percentage of the property’s purchasing price. In Singapore, the rental yields for condos can greatly vary based on factors such as location, property condition, and market demand. For example, areas near business districts or educational institutions are likely to offer higher rental yields due to a high demand for rental properties. To gain a better understanding of a specific condo’s rental potential, it is beneficial to conduct thorough market research and seek advice from real estate agents.

St. William launched the sales of The Wright Building, a six-storey block offering one- to three-bedroom units, last year. The block is over 70% sold, with prices ranging from GBP675,000 ($1.15 million) to GBP1.63 million. In September, St William launched the sale of The Westwood Building, a six-storey block with one- and three-bedroom units, with prices starting from GBP585,000 to GBP1.68 million. The developer expects strong interest from international buyers, especially those looking for a base for their children attending university or a professional residence near London’s financial hubs.

The third sales phase, expected to launch in the second half of 2025, will comprise larger units, including three-bedroom offerings. The development’s success so far highlights the increasing interest in new projects in London’s city fringe neighborhoods in Zone 2. These properties offer attractive rental premiums, making them a smart investment choice for buyers.

In conclusion, Regent’s View is not just an ordinary development. It is a testament to the successful adaptation of an old industrial site into a modern, sustainable community that pays homage to its past. The project is a perfect example of how a development can contribute to the rejuvenation of a neighborhood, making it more livable and desirable for residents.…

Knight Frank Singapore will be auctioning off a three-bedroom unit at Gambier Court, a boutique condo located along Kim Yam Road in prime District 9. The auction will take place on Dec 12, with a guide price of $2.6 million. This translates to a unit rate of $1,755 per square foot, based on the unit’s floor area of 1,485 sq ft.

When it comes to investing in Singapore’s real estate market, it is crucial for international investors to have a thorough understanding of the regulations and restrictions in place. In comparison to landed properties, condominiums have more lenient ownership policies that allow foreigners to make purchases with ease. However, foreign buyers must also consider the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their initial property investment. Despite these added expenses, the consistent growth and stability of the Singapore property market remain alluring to foreign investors. That’s why Singapore Projects continue to attract international investments.

According to caveats lodged, the current owner purchased the unit in a resale transaction at $1.8 million ($1,212 psf) in October 2018. This is the second time the unit will be put up for auction. It was previously listed during Knight Frank Singapore’s auction on Nov 26, with a higher guide price of $2.64 million ($1,778 psf), but no bids were received.

Tricia Tan, director of auction and sales at Knight Frank, stated that the owner is selling the unit to move to a home closer to their children’s school. The property will be sold with vacant possession.

The eighth-floor unit features three bedrooms and a study area. While it was originally a four-bedroom apartment, one of the previous owners had converted it into a three-bedder. Tan points out that the reconfigured space offers a more spacious layout, suitable for local and expat families with children.

The unit’s balcony is northeast-facing, providing future owners with unobstructed views of the sea and Singapore River. Gambier Court is a 99-year leasehold condominium located at 60 Kim Yam Road, which was completed in 1999. It is a low-density development with just 21 units consisting of 18 apartments spread across a 10-storey block, and three strata-landed units housed in conserved shophouses.

The apartments come in a mix of two- to four-bedroom units, ranging from 936 sq ft to 2,530 sq ft. As for the three strata-landed units, they are two-storey properties with an attic, measuring between 2,562 sq ft and 2,885 sq ft.

The development is within walking distance to Fort Canning MRT Station on the Downtown Line, and is also close to a variety of F&B and retail options. These include the new lifestyle hub New Bahru at Kim Yam Road (formerly Nan Chiau High School), Robertson Quay, UE Square, and Clarke Quay.

The most recent transaction at Gambier Court involved a 1,485 sq ft four-bedder unit on the seventh floor, sold for $2.5 million, or $1,683 psf, in December 2022, based on Realis caveats. The seller had bought the unit for $1.9 million ($1,279 psf) in August 2016, making a net profit of $600,000. Interested buyers can check out the latest listings for Gambier Court properties.…

According to the recent data from the EdgeProp, Gallop Gables, a freehold condo topped the list of condos that saw new psf-price highs between Nov 19 and Nov 22. The condo that is located on Farrer Road in District 10 clocked in at a whopping $2,299 psf for the sale of a 2,669 sq ft four-bedroom on the second floor that took place on Nov 20. This means that the seller who had bought the unit for $4.5 million ($1,686 psf) back in July 2017, made an impressive gain of $1.64 million on the recent deal. This new record-breaking transaction surpasses Gallop Gable’s previous high of $2,108 psf that was recorded on February 19 from the sale of a 1,163 sq ft, two-bedroom unit on the third floor at $2.45 million. This transaction means that the seller stands to make a profit of $380,000 after buying this unit for $2.07 million ($1,781 psf) in January 2021. Aside from the units that were sold on Nov 20 and Feb 19, not too long ago, a 1,550 sq ft two-bedroom unit that was sitting on the first floor made a move for $2.98 million ($1,923 psf) on Sept 9. Besides that, Gallop Gables achieved another record-breaking sale of $2,299 psf from the transactions made on a 2,669 sq ft four-bedroom apartment.

When it comes to investing in a condo, securing proper financing is crucial. In Singapore, there are various mortgage solutions available, but it is crucial to understand the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan that a borrower can take based on their income and current debt obligations. It is essential for investors to familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers to make well-informed decisions about their financing options. This will help them avoid over-leveraging and make wise investments in Singapore Condos.

The second-highest condo that achieved new psf-price highs during this period is The Scala. This was due to the sale of a 1,259 sq ft, four-bedroom unit that was situated on the 12th floor that was sold for $2.6 million, which equates to $2,064 psf on Nov 20. Looking back in October 2012, the seller bought the unit for $1.66 million ($1,318 psf). Interestingly, this is the first time that The Scala has surpassed the $2,000 psf mark since the condo’s psf-price high used to be $1,969 which was recorded on Sept 9 from the sale of a 904 sq ft two-bedroom unit on the 11th floor that was purchased by the seller for $1.31 million ($1,449 psf) back in March 2013. To date, The Scala has seen 16 resale transactions in 2020 at an average price of $1,823 psf which is an 8% hike from the average price of $1,688 psf that was recorded last year. This freehold condo is situated on Serangoon Avenue 3 in District 19 and was completed back in 2013 when it was launched. In total, this condo has 468 units that are spread across 17 storeys and consists of a mix of one- to four-bedroom units that measures between 474 sq ft and 2,142 sq ft. The Scala is conveniently situated within walking distance of the Lorong Chuan MRT Station on the Circle Line, and it is also situated close to a plethora of educational institutions such as the Nanyang Junior College, St Gabriel’s Primary School, and Yangzheng Primary School.

Meanwhile, in District 14, Sims Edge also clocked in a new psf-price record of $1,907 psf within the same review period. This new record was achieved from the sale of a 409 sq ft, one-bedroom unit that was on the 13th floor where the seller managed to fetch $780,000 on Nov 22. Going back in time in April 2019, the seller acquired the unit for $663,807 ($1,623 psf). What makes this deal even more interesting is that this is the first time a unit in this condo has been transacted above the $1,900 psf threshold. Previously, the condo’s record was $1,834 psf for a 409 sq ft one-bedroom unit on the fifth floor that was sold for $750,000 on Jan 18. This unit’s seller previously purchased it from the developer for $527,000 ($1,288 psf) back in July 2011. As of now, there have been five resale transactions that were made at Sims Edge in 2020 with an average price of $1,800 psf which is, in turn, higher than the average price of $1,644 per square foot that was recorded last year. The location of this freehold condo is on Geylang East Avenue 2 in District 14, which is a prime district that is well-associated with Geylang. This boutique condo development was completed in 2014 and encompasses a total of 78 units of one- to two-bedroom units that are sized between 409 sq ft and 1,195 sq ft. The most significant advantage of living at Sims Edge is its prime location that is just 500m away from the Paya Lebar MRT Interchange Station on the East-West Line and the Circle Line. Furthermore, Sims Edge is also situated very close to a plethora of exciting educational institutions that include the prestigious Nanyang Junior College and the St Gabriel’s Primary School.

Finally, no new psf-price lows were recorded during this review period.…

The most lucrative condo resale deal during the week of November 19 to 26 was the sale of a four-bedroom unit measuring 2,885 square feet at Ardmore Park. The unit on the 14th floor was sold for $11.25 million, which translates to $3,900 per square foot. The seller had purchased the unit for $8.2 million in September 2016, at a rate of $2,843 per square foot. This means that the seller made a profit of $3.05 million, reflecting a capital gain of 37%. The holding period for this sale was approximately eight years.

This transaction comes two months after another four-bedroom unit on the 23rd floor was sold for $12.7 million, or $4,402 per square foot, on October 1. The seller of this unit had bought it in September 2010 for $9.7 million, which means they made a profit of $3 million on the sale. This also translates to a capital gain of 30.9%.

Ardmore Park is a luxurious, freehold condo located in the prestigious Ardmore Park area in prime District 10. The development, which was completed in 2001, consists of three 30-storey towers and a total of 330 units. The typical unit size at Ardmore Park is 2,885 square feet, with four bedrooms. It also offers six 8,740 square feet duplex penthouses.

Aside from the units sold on November 22 and October 1, there have been four other profitable resale transactions at Ardmore Park this year. All of these transactions involved four-bedroom units of 2,885 square feet and fetched prices between $4,108 and $4,472 per square foot. The sellers made profits ranging from $2.65 million to $7.07 million.

The second most profitable condo resale deal during the same week was the sale of a four-bedroom unit at Goldenhill Park Condominium. This 1,539 square feet unit on the 16th floor was sold for $3.43 million, or $2,228 per square foot, on November 21. The seller purchased the unit from the developer in May 2001 for $1.14 million, which means they made a profit of $2.29 million, or 201%. The seller had owned the unit for 23.5 years.

This is the second-highest profit recorded at Goldenhill Park Condominium to date. The highest profit belongs to a 2,928 square feet, four-bedroom penthouse that was sold for $4.3 million, or $1,469 per square foot, in February 2022. The seller of this unit had bought it from the developer in April 2001 for around $2 million, making a profit of $2.3 million.

Goldenhill Park Condominium is a freehold development located on Mei Hwan Drive, off Ang Mo Kio Avenue 1 in District 20. It was completed in 2004 and consists of 390 units of two- to four-bedroom apartments, ranging from 926 to 2,928 square feet. The condo is conveniently located near the Lorong Chuan MRT Station on the Circle Line.

There have been five other profitable resale transactions at Goldenhill Park Condominium this year. These transactions involved units sold at prices between $2,082 and $2,246 per square foot, with profits ranging from $760,000 to $1.91 million.

When purchasing a condo, it’s crucial to take into account the upkeep and management aspects of the property. Condos usually come with maintenance fees that cater to the maintenance and preservation of communal spaces and amenities. While these fees may increase the overall expenses of owning a condo, they also guarantee that the property is well-maintained and maintains its value. To make condo ownership a less hands-on investment, investors can enlist the help of a property management company. Additionally, checking out New Condo Launches can give investors an idea of potential properties to invest in.

On the other end of the spectrum, the least profitable condo resale deal during the week was the sale of a four-bedroom unit at The Oceanfront @ Sentosa Cove. The 2,831 square feet unit on the 10th floor was sold for $4.7 million, or $1,660 per square foot, on November 20. The seller had bought the unit in May 2007 for $5.8 million, which means they incurred a loss of $1.1 million, or 19%, after owning the unit for 17.5 years.

The Oceanfront @ Sentosa Cove is a 99-year leasehold condo located in the exclusive Sentosa Cove residential enclave. Completed in 2010, the waterfront condo has 264 units housed in five towers ranging from 12 to 15 storeys high. The units include two-, three- and four-bedrooms ranging from 1,216 to 4,284 square feet, as well as penthouses of 2,745 to 8,095 square feet.

Based on caveats lodged, there have been six other resale transactions at The Oceanfront @ Sentosa Cove this year. These units were sold at prices between $1,500 and $1,999 per square foot. Four of these transactions resulted in losses ranging from $30,000 to $519,000, while the other two transactions resulted in profits of $268,000 and $1.7 million, respectively.…

Habyt has recently unveiled its newest accommodation space, Kada at Maxwell, located at 5 Kadayanallur Street in Tanjong Pagar. This 18-room flagship space is part of Habyt’s new Habyt Flex concept, which expands the company’s offerings from long-term co-living to include short-term stays.

In August, Habyt Asia Pacific CEO Jonathan Wong announced the company’s plans to diversify its local portfolio with more short-term living options. The first properties to launch under the Habyt Flex concept were Habyt Novena with 39 rooms and Habyt Kallang with 27 rooms. Other properties under this brand include Habyt Cantonment and Owen House by Habyt.

One of the advantages of investing in a condominium is the potential to use its value for further investments. This allows investors to use their condos as collateral to secure additional financing for new investments, allowing them to grow their real estate portfolio. However, this approach should be carefully considered as it carries certain risks and should be done with a solid financial plan in mind. It’s also important to factor in the potential effects of market fluctuations. In Singapore, Singapore Projects are a popular choice for leveraging condo investments and expanding one’s real estate portfolio.

Kada at Maxwell offers a variety of rooms including en suite studios and two- to three-bedroom units, each equipped with a kitchenette. Guests can choose to stay for nightly or weekly durations, or opt for a 12-month lease.

Wong believes that Habyt Kada at Maxwell showcases the company’s dedication to redefining flexible living in Singapore, marking the next phase of Habyt Asia Pacific’s evolution. Room rates start at $180 per night.

The flexible living space is situated in a well-preserved 1920s colonial building, originally designed by architectural firm Swan & Maclaren and considered one of the first modernist buildings in Singapore. It was built to accommodate the St. Andrew’s Mission Hospital for Women and Children.

The property, now managed by Singapore Land Authority (SLA), was put up for a public tender in September 2023. The winning bid was evaluated based on the proposed concept and the bid price, with SLA encouraging bidders to offer innovative lifestyle concepts.

Bethesda Medical secured the lease with a monthly bid of $103,000, the third-highest after Wan Dormitory ($160,000) and The Working Capitol ($108,240). The SLA cited Bethesda’s strong emphasis on community-building and connecting people to businesses as the key factor in their winning bid. The first floor will feature 10 F&B options, while the second floor will house a gym by Limitless, a wellness centre in partnership with Shiruki Studio, and a co-working space. Habyt’s Kada at Maxwell will be located on the third floor.

Residents at Kada at Maxwell will have unlimited and complimentary access to the property’s health and wellness amenities, including a performance gym, cold plunge, infrared saunas, hot tubs, and foot baths.

Wong added, “With a perfect blend of modern comforts and the timeless charm of a heritage building, we are offering guests a unique lifestyle experience that goes beyond traditional accommodation.”…

URA has recently announced the launch of tenders for two residential Government Land Sale (GLS) sites on Dec 3. These sites, located at Holland Link and Chuan Grove, are both 99-year leasehold properties and are part of the Confirmed List under the 2H2024 GLS Programme.

The Holland Link site is situated along Holland Link off Bukit Timah Road in District 10 with a total area of 185,141 sq ft and a maximum gross floor area (GFA) of approximately 257,225 sq ft. According to URA, it has the potential to yield around 230 housing units.

This site is the first GLS plot to be launched in the upcoming Holland Plain precinct, which is one of the three future precincts identified by URA alongside Bayshore and Kampong Bugis. Marcus Chu, CEO of ERA Singapore, notes that this new residential area is expected to accommodate around 2,500 new homes. He believes that developers will be keen to bid for the Holland Link site to gain first-mover advantage and inject the first 230 units into the market.

Chu also highlights the site’s strategic location within a 2km radius of several reputable schools such as Methodist Girls’ School (Primary and Secondary), Henry Park Primary School, Pei Hwa Presbyterian Primary School, and National Junior College. He believes that this could be an attractive factor for families with young children seeking priority admission to these schools.

Moreover, being near the Brizay Park Good Class Bungalow area, future developments at Holland Plain could potentially focus on low-density private residences, predicts Mark Yip, CEO of Huttons Asia.

Given the current market conditions, Yip anticipates that the Holland Link site will receive between one to two bids, with the top bid ranging from $1,200 to $1,300 psf per plot ratio (psf ppr). Similarly, Chu expects a muted response to the site as there are currently seven residential sites open for tender, leading to potential saturation in the tender process. He estimates that the Holland Link site could receive up to three bids.

The second site, Chuan Grove GLS, is located along Chuan Grove off Lorong Chuan in District 19. With a land area of 170,409 sq ft and a maximum GFA of 511,232 sq ft, this site has the potential to yield around 555 new housing units.

One of the significant selling points of this site is its proximity to Lorong Chuan MRT Station on the Circle Line, which is just one stop away from the Bishan MRT Station (interchange with the North-South Line) and the Serangoon MRT Station (interchange with the North-East Line). According to Chu, this makes the site appealing to HDB upgraders living in the vicinity. Moreover, in the next four years, an estimated 3,815 Build-to-Order (BTO) units, sized four-room and larger, are set to fulfill their Mandatory Occupation Period (MOP) in Toa Payoh.

Chu adds that residents of HDB flats in older estates may seek to upgrade their homes, considering the increasing number of million-dollar flats in neighboring Serangoon, Bishan, and Toa Payoh. The median transaction prices of five-room flats in Bishan and Toa Payoh over the last 10 months were $792,000 and $828,000, respectively.

Chu believes that developers could also be motivated by the better-than-expected sales performance of Chuan Park, which launched last month. During its launch weekend, 76% of the development’s 916 units were sold at an average price of $2,579 psf. He anticipates bids for the Chuan Grove GLS site to range from $571 million to $600 million, translating to a land rate of over $1,200 psf ppr. On the other hand, Yip predicts a total of three to five bids for the site, with the top bid between $1,150 and $1,250 psf ppr.

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The tenders for the Chuan Grove and Holland Link sites will close at noon on July 8, 2025, and July 29, 2025, respectively.…