Dyslexic Condo Press

In response to a request for a trading halt earlier this morning, City Developments Limited (CDL) has released a statement explaining that the halt was due to a disagreement within the board regarding its composition and structure, as well as the board committees. Despite this, CDL reassures that their business operations continue to run smoothly without any disruptions.

Sherman Kwek will remain as the group CEO until there is a board resolution to change company leadership. According to CDL’s statement on February 26, Kwek stated that “It is incredibly disappointing that our chairman and a minority of the CDL board have decided to take these extreme actions regarding this disagreement around the size and make-up of the CDL board.” He also emphasized that the issue has never been about removing the chairman from his position, but rather to improve the company’s governance standards.

CDL has announced that it will provide updates in accordance with the listing rules of the Singapore Exchange (SGX) should there be any significant developments in this matter. In a later statement, Kwek expressed his disappointment with the chairman and minority board members for taking legal action without the majority’s authorization. He reiterated that the board’s focus has always been to enhance governance and decision-making within the company.

On February 26, before market opening, CDL reported its financial results for FY2020 and later canceled its 10am results briefing. The company’s shares were last traded at $5.12. CDL also offered a proposal to privatize Millennium & Copthorne Hotels New Zealand for $1.72 per share.

To summarize, purchasing a Singapore Condo presents numerous benefits, such as high demand, potential for capital appreciation, and attractive rental yields. However, it is crucial to carefully consider elements like location, financing, government regulations, and market conditions. By conducting thorough research and seeking professional guidance, investors can make well-informed decisions and maximize their returns in the ever-changing real estate market of Singapore. Whether you are a local investor looking for portfolio diversification or a foreign buyer seeking a stable and profitable investment, condos in Singapore offer a compelling opportunity. Get in touch with Singapore Condo to explore this potential investment further.

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JLL, the sole marketing agent for Ching Shine Industrial Building, has announced that the freehold property is up for collective sale by tender with a minimum price of $113 million. The building, which is located at Shaw Road, is comprised of 52 strata units and has a 100m frontage. The site has a total land area of 49,308 sq ft and a gross floor area of approximately 137,341 sq ft.

Built in the early 1980s, the property is zoned under “Business 1” and has a gross plot ratio of 2.5 according to the URA Master Plan 2019. Over 80% of the owners have already given their consent for the collective sale at the minimum price of $113 million. This translates to a unit land rate of about $823 psf per plot ratio at the existing gross plot ratio of 2.79.

Investing in a Singapore Condo has become a top choice for both local and foreign investors thanks to the thriving economy, political stability, and excellent quality of life in the city-state. With its robust real estate market, Singapore offers a range of investment opportunities, and condos are particularly attractive options due to their convenience, amenities, and potential for high returns. This article delves into the advantages, considerations, and essential steps for those looking to invest in a condo in Singapore.

According to JLL, with approval from URA, the site has the potential to be converted into a food factory. This is supported by the confirmation from the National Environment Agency (NEA) that the site meets the buffer requirements for redevelopment into a multi-user factory. The Singapore Food Agency has also given an in-principle non-objection to the proposed food factory at the site.

In addition to this, the freehold property also presents an investment opportunity for family offices seeking long-term growth or for owner-occupiers looking to establish a corporate presence. Senior Director of Capital Markets at JLL Singapore, Nicholas Ng, believes that the property would also attract developers given the absence of additional buyer’s stamp duty.

Ching Shine Industrial Building is easily accessible via major expressways such as the PIE, CTE, and KPE, and is within walking distance from Tai Seng MRT Station on the Circle Line. It is located in the Tai Seng Industrial estate which houses notable food factories including Breadtalk IHQ, Sakae Building, and Food Empire Building. It is also in close proximity to Grantral Mall @ Macpherson and 18 Tai Seng, which provide convenient amenities for residents.

Another property in the same vicinity, Noel Building, a freehold Business 1 industrial building at 50 Playfair Road, sold for $81.18 million in November 2023, which is 17% above its $70 million guide price. Ng believes that this transaction demonstrates the strong demand for such assets in the area. He also expects a similarly competitive response for Ching Shine Industrial Building.

The tender for Ching Shine Industrial Building will close on April 3 at 3pm.…

PropNex, Singapore’s largest real estate agency, has reported a decline in earnings for its 2HFY2024, which ended on Dec 31, 2024. Earnings for the period totaled $21.9 million, down 14.9% from the previous year. This has also resulted in a lower full-year earnings of $40.9 million, a decrease of 14.4% compared to FY2023.

The decline is attributed to a 6.6% decrease in revenue for FY2024, as the property market remained subdued. In spite of this, in celebration of its 25th anniversary, PropNex plans to pay a special dividend of 2.5 cents per share along with a final dividend of 3 cents. This will bring the total dividend payout for FY2024 to a record high of 7.75 cents, with a payout ratio of 140.1% and a yield of 8.2%.

Despite the lower earnings, PropNex has seen an increase in activity in the last quarter of 2024, driven by a surge in sales of new private homes. This positive trend is expected to have a significant impact on the company’s financials, but its effects will only be recorded in the current 1HFY2025 results, which suggests a strong performance ahead.

PropNex is optimistic about its prospects for FY2025, given the favourable outlook of the property market and an estimated 13,000 new unit launches (including Executive Condos), which is almost double the supply recorded in 2024. The private resale market is also expected to remain active, with transaction volumes projected to range between 14,000 and 15,000 units.

The company believes that demand will be driven by the persistent price gap between new and non-landed resale properties, the preference for larger, ready-to-move-in homes, and the impact of fewer new supply completions. In the HDB resale market, prices are expected to grow by 5% to 7%, with transaction volumes reaching 29,000 to 30,000 units.

The urban landscape of Singapore is defined by its towering skyscrapers and modern infrastructure. One of the most sought-after types of properties in this city are condominiums, strategically located in desirable areas to offer a perfect blend of luxury and functionality that appeals to both locals and foreigners alike. These condos boast an array of top-notch facilities, such as swimming pools, fitness centers, and security services, which not only enhance the living experience of residents but also make them highly attractive to potential buyers and tenants. For investors, these amenities translate into high rental returns and a promising increase in property value over time. To keep up with the ever-changing real estate market, it is crucial to stay updated on the latest new condo launches available. Keep an eye out for New Condo Launches to stay ahead in the dynamic property market of Singapore.

Projects launched in 2025, such as The Orie, Bagnall Haus, Parktown Residence, and ELTA, have already garnered strong interest from the market, according to the company’s CEO, Mr. Ismail. The positive economic outlook and lower mortgage rates also bode well for market confidence, potentially creating opportunities for both homebuyers and investors.…

Singapore’s cityscape is dominated by towering skyscrapers and state-of-the-art infrastructure. These modern structures are home to luxurious condominiums, strategically located in highly desirable areas, making them appealing to both locals and foreigners. These condos offer a perfect combination of opulence and convenience, with top-notch facilities such as swimming pools, fitness centers, and round-the-clock security services. These added perks not only improve the overall living experience, but also make them an attractive investment option with potential for high rental yields and appreciation in property value over time. Keep an eye out for new condo launches for even more options in the ever-evolving Singapore condo market.

Gracelynn Zhu, the representative from PropNex Shophouse Elites, is offering a corner two-storey shophouse with an attic for sale by private treaty. Situated at 209 Jalan Besar, the 999-year leasehold property is being sold for a price below $20 million.

The shophouse spans over 5,502 sq ft and is designated for commercial use. The first floor is approved for a restaurant, and a portion of the second floor is also approved for the same purpose. With a price tag of $20 million, the shophouse’s per square foot (psf) price is calculated to be $3,635.

The property’s location can be seen on the map provided by EdgeProp LandLens. As per Zhu, the shophouse is currently undergoing asset enhancement initiatives (AEI), which includes the installation of micro piles that are 30m long to strengthen the property’s structural foundation. The AEI is expected to be completed this year.

The shophouse is situated in the Desker Road Conservation Area in District 8, near Little India. The Jalan Besar MRT Station on the Downtown Line is within walking distance from the property.…

Singapore has cemented its position as a highly sought-after location for real estate investment, attracting a diverse range of both local and international investors. Thanks to its robust economy, stable political landscape, and exceptional quality of life, the country has become a prime choice for those interested in purchasing a condo. With a wide array of opportunities in the real estate market, condos have emerged as a popular option due to their convenience, amenities, and potential for lucrative returns. In this article, we will explore the benefits, considerations, and necessary steps involved in investing in a condo in Singapore, with a special focus on projects currently available in the country. To learn more about specific projects in Singapore, check out Singapore Projects.

There is an anticipated continuation of robust investment activity in the Asia Pacific (Apac) hotel sector in 2025, according to a recent survey conducted by CBRE. The survey, titled the 2025 Asia Pacific Hotel Investor Intentions Survey, found that over 72% of hotel investors surveyed in November and December of last year plan to increase their purchasing of hotel assets in 2025. Additionally, 45% of respondents stated they are looking to increase their purchasing volume by more than 10% this year.

Steve Carroll, head of hotels, capital markets, Asia Pacific at CBRE, notes that after a strong performance over the past 18 months, investors are expecting Apac hotel and living assets to have the most optimistic pricing expectations in 2025. This positive outlook is fueled by a rebound in tourist arrivals, particularly in key markets such as Japan, Singapore, and Australia, which has led to an increase in room rates and income growth for hotel operators.

The survey also found that investors are encouraged by the limited hotel supply in the Apac region. According to data from hospitality data intelligence group STR, the hotel supply pipeline in Apac is set to grow at a CAGR of 2.2% between 2024 and 2028, significantly lower than the 5% CAGR seen between 2013 and 2023.

REITs were found to have the highest net buying intentions, at 22%, marking a significant improvement from the -13% recorded in last year’s survey. This suggests a shift in mindset, with REITs now planning to invest in hotel assets after several years of negative investment intentions.

Institutional investors and property funds were the next most active buyer types, with net buying intentions at 12% and 10% respectively. CBRE notes that private equity and real estate funds for hotels became more active in 2024 and are expected to continue this trend in 2025.

However, the survey also revealed that private investors and high-net-worth individuals are expected to drive fewer hotel acquisitions this year. This is due to a greater level of selling activity, as these investors look to capitalize on improved market sentiment after acquiring assets during a period of price dislocation in the previous years.

According to the survey, upscale and upper midscale hotel assets are favored by respondents for investment opportunities in 2025, overtaking the upper upscale category which was the top choice in last year’s survey. This could be due to the operational flexibility and value-added opportunities offered by these assets, including redevelopment, adaptive reuse, and rebranding of existing properties. Additionally, these assets often have a leaner labor pool, which can help reduce operating costs.

Investors are also turning to long-stay or hybrid hospitality models, such as converting assets into co-living spaces, which are gaining traction in markets like Japan, Hong Kong, and Singapore where there is demand for cost-effective accommodation in inflexible rental markets.

Other emerging trends noted in the survey include a preference for assets with vacant possession at the time of acquisition, allowing for flexibility in terms of operator selection and refurbishment works. There is also increased interest in limited-service hotels, as investors focus on minimizing operational costs.

The top five cities preferred by hotel investors in the survey included Tokyo, Osaka, Singapore, Sydney, and Seoul. Low interest rates and stable income streams from hotel properties were cited as the main reasons for Tokyo and Osaka’s popularity. Singapore and Sydney were also favored due to solid hotel fundamentals, including growth in daily rates and operating profits. Seoul saw an uptick in investor activity, driven by an increase in visitors from mainland China and resulting increases in daily rates.…

In a joint press release on Feb 24, ETC (Edmund Tie) and OrangeTee Group announced their plans to merge and form a new holding company. The name of the new entity has not yet been revealed.

According to Desmond Sim, CEO of ETC, this is not an acquisition but a merging of minds. As the CEO of ETC, Sim will also serve as the group CEO of the merged entity. Meanwhile, Justin Quek, the current CEO of OrangeTee & Tie, will take on the role of deputy group CEO.

When it comes to investing in Singapore Condo, location is a crucial factor to consider. This holds especially true in Singapore, where the value of real estate is heavily influenced by its location. Condominiums that are situated in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs have a higher potential for growth in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown an increase in property values over the years.

One of the main reasons for the appreciation in property values in these areas is their convenient location. These areas are known for their bustling city life, with easy access to various amenities and services. For instance, Orchard Road is a popular shopping district, while Marina Bay boasts luxurious waterfront living and the CBD is the hub of Singapore’s business and financial industries. This makes these locations highly desirable for both locals and expats, thereby driving up property values.

Another factor contributing to the high investment potential of condos in these areas is their proximity to reputable schools and educational institutions. Singapore is known for its excellent education system, and families are willing to pay a premium to live near good schools. This further adds to the demand for condos in prime locations, making them a valuable investment for both long-term and short-term gains.

In conclusion, it is evident that investing in Singapore Condo is highly dependent on the location of the property. Condos in central areas or near essential amenities and reputable schools have a higher potential for growth in value and are considered prime investment options in Singapore’s real estate market. As the saying goes, “location, location, location” is the key to a successful real estate investment in Singapore.

After the merger, ETC will focus on consultancy and advisory services, while OrangeTee will concentrate on proptech and its real estate agency business. The firm has a network of 2,803 salespersons registered with the Council for Estate Agencies (CEA) as of Feb 24.

The combined entity, which will have over 520 staff, aims to drive growth and create value for all stakeholders in the dynamic real estate landscape, says Sim.

This merger builds on the August 2017 joint venture between the former Edmund Tie and OrangeTee, which combined their associates’ business under a new entity, OrangeTee & Tie. This propelled the firm to the third spot among the top three agencies with over 4,000 agents. After the joint venture, the former Edmund Tie had taken a 20% stake in OrangeTee & Tie.

The latest merger was facilitated by Triplestar Holdings and TH Investments, entities related to the family of Roland Ng, managing director and group CEO of Tat Hong Holdings, which acquired a stake in ETC following a management buyout in 2016. Today, Triplestar Holdings and TH Investments own 100% stake in ETC.

This year marks a significant milestone for ETC as it celebrates its 30th anniversary, according to Sim. The firm was formerly known as Edmund Tie & Company before rebranding as ETC.

OrangeTee Group, which will celebrate its 25th anniversary this year, is an investment holding company led by the board of directors and C-suites including Quek, Marcus Oh, Teo Yak Huat, and Christine Sun. With a strong brokerage and consultancy team supported by advanced proptech, the firm aims to deliver innovative solutions across all real estate sectors.

Shareholders in OrangeTee Group include Tokyu Livable Inc., which acquired a 22.5% stake in the firm in 2014. The firm is a subsidiary of Tokyu Fudosan Holdings, one of Japan’s largest real estate agencies.

Private property fund Vogue Capital Group is also a shareholder of OrangeTee Group. Both Vogue Capital and Tokyu Livable will have a stake in the new holding company along with Triplestar Holdings and TH Investments.

Last year, ETC expanded its presence in the ASEAN region and Japan with the opening of an office in Johor Bahru through its joint venture company in Malaysia, Nawawi Tie. The firm also has a presence in Penang and Thailand through its associate company, Edmund Tie & Co (Thailand).

“We believe this merger will bring more opportunities for us in the ASEAN region and Japan, especially through our relationship with Tokyu Livable,” adds Sim.

Overall, the private residential resale prices have remained steady in the third quarter of 2024.…

The developers of ParkTown Residence in Tampines North, UOL Group and CapitaLand Development, have reported a successful launch weekend with the sale of 1,041 units, which accounts for over 87% of the total 1,193 units. This joint project was announced on Feb. 23.

According to UOL’s general manager of residential marketing, Anson Lim, the project achieved an average price of $2,360 per square foot (psf). The majority of buyers were either Singaporean homebuyers or investors.

Out of the total number of units, two-bedroom and three-bedroom apartments were the most popular, making up 994 units (83%). These units were also the most sold, with 92% being snapped up over the weekend.

The developers stated that buyers were drawn to ParkTown Residence for its unique status as a fully integrated residential and lifestyle development, directly connected to a retail mall, the future Tampines North MRT station, a bus interchange, a green boulevard, a community club, and a hawker centre.

Before the launch weekend, ParkTown Residence had collected 2,367 cheques, equating to a sales conversion rate of 44%. This is well above the average of 30% to 35% for most new project launches in recent years.

Huttons Asia CEO Mark Yip commented that since the launch of the 1,399-unit High Park Residences in July 2015, no mega project has sold more than 1,000 units in its launch weekend.

ParkTown Residence at Tampines 62 is a part of the first mixed-use development integrated with a transport hub in Tampines (Source: EdgeProp Landlens)

ParkTown Residence had the most units sold in a launch weekend since the 846-unit Emerald of Katong, which recorded a 99% take-up rate with the sale of 835 units in November last year, as noted by PropNex CEO Ismail Gafoor.

“The take-up at ParkTown Residence has also surpassed that of previous integrated developments,” Gafoor added.

The most recent integrated project launch was The Reserve Residences, a 732-unit development launched in May 2023, which achieved a 71% take-up rate during its launch weekend. As of Feb 23, the project was 98.2% sold at an average price of $2,484 psf, based on caveats lodged.

ERA Singapore CEO Marcus Chu also stated that mixed-use developments integrated with transport hubs are popular among homebuyers and investors, as they have shown good capital upside potential and high rentability.

Singapore has become a sought-after destination for investors looking to purchase a condo due to its thriving economy, stable political climate, and exceptional quality of life. With a plethora of opportunities available in the real estate market, condos stand out as a popular choice for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a Singapore condo, which is available through sites like Singapore Condo.

The last two fully integrated developments to be completed were the 920-unit North Park Residences in Yishun (launched in 2015) and the 680-unit Sengkang Grand (launched in 2019) at Buangkok. The average price of North Park Residence is $1,809 psf, which is 65% higher than the average resale prices of residential units in District 27. Meanwhile, Sengkang Grand commands an average price of $2,029 psf, which is 25% higher than the average resale prices in District 19, according to ERA’s Chu.

Situated at Tampines Street 62, ParkTown Residence is located in the third largest HDB town after Hougang and Woodlands. Huttons’ Yip shared that a fair number of buyers were HDB upgraders who desired to live in Tampines.

The completion of ParkTown Residence in 2030 aligns with the scheduled opening of the Tampines North MRT Station on the Cross Island Line (CRL), a major arterial line that runs from East to West of Singapore, said SRI’s managing partner Ken Low. 2030 is also when the neighboring Paya Lebar Airbase is planned to relocate, freeing up approximately 800 hectares of land for future developments.

Under the URA Master Plan, three more government land sales (GLS) sites will be connected to the upcoming Tampines North MRT Station. However, Low mentioned that these new projects could potentially be launched at higher prices.

Tampines will also benefit from new infrastructure developments by 2027, including a cycling bridge, an underpass, and an additional 7.7km of cycling paths, bringing the total to 40km. There will also be a new pedestrian route between Tampines MRT Station and the malls in the regional center. These additions were announced on Feb 22, as part of the Tampines Town Council’s five-year master plan for 2025 to 2030.

“All of these will further enhance the livability of Tampines, which already has strong attributes,” added Low from SRI.…

From Feb 22, MCL Land and CSC Land Group have successfully distributed 326 out of their 501 units at Elta, a joint venture project situated at Clementi Avenue 1. This translates to a sales rate of about 65% with an average price of $2,537 per square foot. The majority of buyers, constituting 90%, were Singaporeans, while the remaining 10% were permanent residents. Among the units sold, the highest number of buyers originated from districts 19, 5, and 23, which encompass Hougang, Serangoon, Sengkang, Punggol, northeast region, Buona Vista, Clementi, Dover, Pasir Panjang, Bukit Batok, Bukit Panjang, Choa Chu Kang, Hillview, and Dairy Farm.The most sought-after unit types amongst buyers were two-bedroom apartments, with 98% of the total number of 179 units being sold at prices starting from $1.388 million (equalling $2,261 per square foot), whereas 81% of the 108 three-bedroom units were also successfully acquired for prices ranging from $2.198 million. The one-bedroom-plus-study apartments also recorded decent sales, with 78% of them being sold for prices starting from $1.158 million. Get the latest details on available units and prices for ELTAOver 60% of the units sold were one- and two-bedroom apartments priced below $2.2 million, stated Ismail Gafoor, CEO of PropNex. According to MCL Land CEO Lee Tong Voon, the robust sales indicate the buyers’ confidence in a development that seamlessly integrates modern living with convenience and comfort. MCL Land is the Singapore-based development arm of Hongkong Land.The Clement Canopy and Clavon, with 505 and 640 units respectively, were the two earlier projects launched at Clementi Avenue 1 by UOL Group and Singapore Land Group. According to Ken Low, SRI’s Managing Partner, there are no more plots available for development in the Clementi town center. He further adds that the primary reason for the strong sales is the impeccable track record of the previous projects at Clementi Avenue 1, which resulted in zero unprofitable transactions.Based on the government land sales (GLS) caveats lodged, the average selling price of The Clement Canopy has registered a 45% increase to $1,922 per square foot this year since its launch in February 2017, whereas the average selling price at Clavon is up by 27% to $2,086 per square foot this year since its introduction in December 2020.Read also: EdgeProp Landlens: The Clement Canopy, Clavon, and ELTATwo-bedroom apartments at The Clement Canopy, ranging from 624 to 732 square feet, were leased for $4,200 to $4,700 per month, translating to $5.60 to $6.42 per square foot per month in January and February, as per the data from EdgeProp Landlens and URA Realis. The latest rental transaction at Clavon was recorded for a two-bedroom apartment of 764 square feet being leased for $4,600 or $6.02 per square foot per month as documented by EdgeProp Landlens.Elta enjoys a great location, being close to employment hubs such as the National University of Singapore (NUS), one-north, Pandan Loop Industrial Estate, the Science Park, Jurong Lake District, and the future Dover Knowledge District. This project is not just close to the Clementi MRT Station (on the East-West Line), but it will also have a station on the upcoming Cross Island Line, which will run from east to west of Singapore. As stated by Mark Yip, the CEO of Huttons Asia, this will enhance the connectivity in Clementi, and potentially increase the demand for quality tenants for ELTA. Not surprisingly, the one-bedroom and two-bedroom apartments at Elta were the most coveted amongst investors. Three-bedroom apartments were more popular amongst families, given the average household size of 3.1. The four-bedroom units appealed to larger or extended families.Chairman of CSC Land Group, one of China Construction (South Pacific) Development Co.’s subsidiaries states that Clementi Avenue 1 flaunts a favorable connectivity and amenity mix which will help it retain its position as a highly sought-after destination for both homeowners and investors. This residence is located near education centers, including Nan Hua High School, NUS High School of Mathematics and Science, and Anglo-Chinese School (Independent). Tertiary institutions like NUS, Singapore Polytechnic, and United World College of South East Asia (Dover Campus) are also found nearby.SRI’s Low states that the projects found at Clementi Avenue 1 have remained popular amongst investors due to the profile of tenants they attract (international students and professionals). For instance, two-bedroom units at The Clement Canopy having an area of 624 to 732 square feet were leased for $4,200 to $4,700 per month (equalling $5.60 to $6.42 per square foot per month) in January and February, as per the data from EdgeProp Landlens and URA Realis. The most recent rental transaction in Clavon, involving a 764 square feet two-bedroom apartment, was leased for $4,600 or $6.02 per square foot per month as documented by EdgeProp Landlens.Over 60% of the units sold were one- and two-bedroom apartments at Elta (Photo: MCL Land/CSC Land Group)’Healthy pool of HDB upgraders’Elta has also benefitted from the healthy pool of HDB upgraders in Clementi and Queenstown, says Marcus Chu, CEO of ERA Singapore. He adds that over 2,500 HDB units have reached their Minimum Occupation Period (MOP) since 2021, with an additional 1,100 units set to do so this year.”The development is also well-connected to several nature parks, including Clementi Woods Park, West Coast Park, and Kent Ridge Park, offering residents easy access to green spaces,” adds ERA’s Chu.There was a launch of ParkTown Residence on Feb 22-23, which moved 1,041 units against the available 1,193 units. Therefore, collectivity, ELTA and ParkTown Residence sold more than 1,300 units, surpassing the 1,083 units sold across the entire month of January. PropNex’s Ismail Gafoor states that the sales momentum noted towards the end of 2024 has successfully carried forward into the start of 2025, and the primary market is expected to remain active in 2025, thanks to the improved sentiment. Huttons Data Analytics approximates the sales to go beyond 1,500 units in February. The total sales for the first two months of 2025 will be between 2,500 and 2,700 units, which equates to 39% of the total new sales of 6,469 units for the entire 2024, as per Huttons. Therefore, Huttons has revised its earlier forecast for 2025 to between 7,500 and 8,500 units from the initial figure of 7,000 to 8,000 units. The price growth for the entire year 2025 sits between 4% and 7%. Check out the latest listings for Elta propertiesAsk BuddyAny condo rental listings in District 5?Compare price trend of Condo new sale vs EC new saleTotal number of units in EltaGenerate price trend graph for new launch condo in District 5Condo rental transactions in District 5

When it comes to investing in Singapore, it is crucial for international investors to have a clear understanding of the regulations and limitations surrounding property ownership. While foreigners are afforded more flexibility in purchasing condominiums compared to landed properties, certain restrictions still apply. One of these is the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for first-time foreign property buyers. Despite this added expense, the unwavering stability and promising growth of Singapore’s real estate market remains an irresistible draw for foreign investors. As such, Singapore Condo remains a top choice for those looking to make a sound investment in the country.

There was a successful transaction for Elta condominium on Feb 22, where MCL Land and CSC Land Group sold 326 out of their 501 units located at Clementi Avenue 1. This translates to a 65% success rate at an average price of $2,537 per square foot. Majority of the buyers, up to 90%, were Singaporeans and the remaining 10% were permanent residents. The most number of buyers came from districts 19, 5, and 23, which covers Hougang, Serangoon, Sengkang, Punggol, northeast region, Buona Vista, Clementi, Dover, Pasir Panjang, Bukit Batok, Bukit Panjang, Choa Chu Kang, Hillview, and Dairy FarmAmong the units sold, the most popular unit type was the two-bedroom apartments, with 98% of 179 units being sold at prices starting from $1.388 million (equalling $2,261 per square foot), whereas 81% of the 108 three-bedroom units were sold for prices starting from $2.198 million. The one-bedroom-plus-study apartments also recorded decent sales, with 78% of them being sold for prices starting from $1.158 million. Get the latest details on available units and prices for ELTAOver 60% of the units that were sold were the one- and two-bedroom apartments sold at prices below $2.2 million, as stated by East Village Realty CEO Ismail Gafoor. CEO of MCL Land, Lee Tong Voon stated that the sales are proof of buyer’s confidence towards a development that combines modern living with convenience and comfort. MCL Land is a Singapore-based development arm of Hongkong Land.The two earlier projects at Clementi Avenue 1 were the 505-unit Clement Canopy and 640-unit Clavon, developed jointly by UOL Group and Singapore Land Group. According to…

Singapore-based real estate investment trust CapitaLand India Trust (CLINT) has announced its plans to acquire an office project in Nagawara, Outer Ring Road, Bangalore, for a total of $233.6 million. This acquisition will be carried out through a forward purchase agreement with Maia Estates Offices.

According to CLINT, acquiring this 1.13 million sq ft office project is expected to have a positive impact on the earnings and distributions for its unitholders. The trust projects a net profit of $7.7 million on a stabilized basis, while distribution per unit is expected to increase from 6.84 cents to 6.98 cents.

The office project is a part of a mixed-use development that includes both office and retail space. Under the terms of the forward purchase agreement, CLINT will fully fund the development of the office project and receive interest on the funding at a higher rate than its borrowing cost.

For those looking to invest in overseas properties, CLINT is offering a variety of projects for sale around the world.

Once the development is complete, CLINT is expected to acquire the office space in the first half of 2030, while Maia will retain the retail portion. This will add approximately 1.13 million sq ft of operational area to CLINT’s portfolio in Bangalore, bringing the total to 9.9 million sq ft, up from the current 8.7 million sq ft.

When contemplating an investment in a condo property, one must also carefully evaluate the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can greatly vary depending on factors such as location, property condition, and market demand. Generally, areas with high demand for rentals, such as those near business districts or educational institutions, typically yield better returns. It is crucial to conduct thorough market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a specific condo. The website New Condo Launches can be a helpful resource for staying updated on the latest condo developments.

CLINT’s other ongoing projects in Bangalore include two office buildings in Gardencity, an IT Park at Hebbal, and an IT park at ITPB.

With the addition of this office project, CLINT’s portfolio size, including the committed investment pipeline, will increase by 4.0%, from approximately 30.2 million sq ft to approximately 31.47 million sq ft.

Commenting on the acquisition, CLINT CEO Gauri Shankar Nagabhushanam said, “The acquisition of this strategically located office project will further strengthen CLINT’s presence in Bangalore, one of India’s most prominent office markets. In 2024, Bangalore recorded its highest ever leasing levels for Grade A office space. Outer Ring Road is the largest office micro-market in Bangalore, and with the addition of this prime office property, we will be able to provide our tenants with a larger offering of premium office space options across key micro-markets in the city.”

As of February 21, units in CLINT closed at $1.…