Dyslexic Condo Press

Joint venture developers Hoi Hup Realty and Sunway Developments have successfully sold 137 units at Novo Place executive condominium (EC) during the second round of balloting on Dec 16. This phase was exclusively open to second-timers, or buyers who have previously purchased a subsidized flat, either as a new or resale HDB flat or an EC.

This latest sale brings the total number of units sold at Novo Place to 444, representing 88.1% of the development, according to Mark Yip, CEO of Huttons Asia. Remarkably, this milestone was achieved within a month of the project’s launch on Nov 16, earning Novo Place the distinction of being the best-selling EC project of 2024, according to Yip.

Yip notes, “This reflects the strong interest from second-timers who are eager to upgrade their lifestyle. Many of these buyers are already residents in the West.” He also observes that all four-bedroom units at Novo Place have been snapped up, a clear indicator of the high demand for spacious homes.

Novo Place is strategically situated in the new Tengah town at Plantation Close, only a five-minute walk away from the Tengah Park MRT station, which is part of the upcoming Jurong Region Line (JRL). The JRL provides convenient access to major employment hubs in the West, such as the Jurong Lake District and Jurong Innovation District. Yip also highlights the rarity of having an MRT station in such close proximity to an EC.

According to Huttons, many buyers have opted for the deferred payment scheme, allowing them to secure their desired unit first while deferring their home loan payments. “This arrangement helps alleviate the financial burden for HDB upgraders who are still servicing an outstanding loan on their current flat,” explains Yip.

He adds, “ECs are experiencing strong demand from HDB upgraders due to their comparable quality and finishes to private condominiums, but at a more affordable price. Additionally, buyers can enjoy upfront remission on the Additional Buyer’s Stamp Duty (ABSD).”

When investing in Singapore, it is crucial for foreign investors to have a thorough understanding of the regulations and restrictions surrounding property ownership. While foreigners can easily purchase condominiums, there are stricter rules in place for owning landed properties. Additionally, foreign buyers must also consider the Additional Buyer’s Stamp Duty (ABSD) of 20% when making their first property purchase. However, despite these extra costs, the stability and potential for growth in the Singapore real estate market remains a major draw for foreign investment. With several new condo launches in the market, there are promising opportunities for investors to enter the Singapore property market.

Based on caveats lodged as of Dec 16, the average price of units sold at Novo Place stands at $1,656 psf. Interested buyers can explore comprehensive data on all ECs, including the average profit at 5 and 10 years, and check out the latest listings for Novo Place properties on various websites.

For further details on the project, potential buyers can refer to the project summary for Novo Place condo, view condo listings in District 24, check out condo sale transactions in District 24, or take a look at upcoming new launch projects. They can also find out which units are still available in Novo Place.…

According to data published by the URA on December 16th, developers sold 2,557 new private homes in November, excluding executive condominiums (ECs). This marks a whopping 246.5% increase from the 738 units sold in October and a 226% growth compared to November 2023.

The limited availability of land in Singapore has emerged as a key factor driving the high demand for condominiums in the country. As a small island nation experiencing a steady increase in population, Singapore has faced difficulties in securing enough land for development. To address this issue, strict land use policies have been put in place, resulting in a fiercely competitive real estate market where property prices continue to rise. This has made investing in real estate, specifically condominiums, a highly appealing opportunity with the potential for significant capital appreciation. To keep pace with the growing demand, new condo launches are constantly flooding the market, catering to the increasing interest. New Condo Launches can be found in abundance in the thriving real estate market of Singapore.

Christine Sun, the chief researcher and strategist at OrangeTee Group, notes that this is the highest monthly developer sales since March 2013, when 2,793 units (excluding ECs) were sold. Mohan Sandrasegeran, the head of research and data analytics at Singapore Realtors Inc (SRI), adds that this is also the first time new home sales have surpassed the 2,000-unit mark in a single month since March 2013.

The surge in sales can be attributed to an “unprecedented” number of project launches in November, says Lee Sze Teck, the senior director of data analytics at Huttons Asia. The month saw the launch of five private residential projects: the 916-unit Chuan Park, the 846-unit Emerald of Katong, the 552-unit Nava Grove, the 367-unit The Collective at One Sophia, and the 366-unit Union Square Residences.

Including ECs, a total of 2,891 units were sold in November, representing a 277% increase from the previous month and a 226% rise compared to November 2023.

Developers have launched 2,871 new homes (excluding ECs) in November, which is a 438% jump from the month before and a 196% increase from a year ago. Additionally, the 504-unit Novo Place EC also commenced sales in November, bringing the total number of units sold to 2,891.

As of November, a total of 6,344 units have been sold by developers, slightly higher than the 6,317 units sold in the same period last year. This comes off the back of 6,627 units launched for sale by developers in the first 11 months of 2024. In comparison, 7,515 units were launched across the same period in 2023.

Emerald of Katong, developed by Sim Lian Group, was the best-selling project in November, with 840 units (99%) sold at a median price of $2,627 psf. This makes it the best-selling project by number of units and percentage in 2024, according to Lee.

OrangeTee’s Sun believes that buyers were drawn to the project’s attractive design and offerings, particularly those looking to live near the East Coast. The recent interest rate cuts have also made mortgages more affordable, further incentivizing buyers to invest in this city-fringe project.

The second best-selling project in November was Kingsford Group’s 916-unit Chuan Park, which sold 721 units (79%) at a median price of $2,586 psf. The 99-year leasehold condo, located in the Outside Central Region (OCR), is adjacent to Lorong Chuan MRT Station.

Nava Grove, developed by MCL Land and Sinarmas Land, was the third best-selling project with 382 units (69%) sold in November at a median price of $2,445 psf. This RCR project, located at Pine Grove in District 21, saw strong sales due to pent-up demand and improved buyer sentiment following the September interest rate cuts. Sun adds that the simultaneous launch of several prominent projects also contributed to the strong sales performance.

Looking ahead, Huttons’ Lee predicts a more subdued December due to the school holidays and festive season, with an estimated 200-250 units sold. This would bring the full-year developer sales to approximately 6,500 units, slightly higher than in 2023. In terms of prices, Lee expects a 5% growth for the full year, moderating from the 6.8% growth recorded in 2023.

Moving into 2025, SRI’s Sandrasegeran expects new home sales to pick up again in January with the launch of The Orie by City Developments, a 777-unit project located on Lorong 1 Toa Payoh. This area has not seen a new launch since Gem Residences in 2016, which is likely to generate pent-up demand and continue to attract buyers to this well-established estate close to Braddell MRT Station.

Other projects expected to launch in the first quarter of 2025 include the 113-unit Bagnall Haus, the 186-unit Aurea, and the 760-unit Aurelle of Tampines EC.

While the recent surge in sales may seem like a temporary phenomenon, OrangeTee’s Sun believes that it is a result of subdued demand throughout 2024 due to the lack of significant private project launches. However, Lee remains “cautiously optimistic” of a better performance in the new sale market in 2025, with some of the unsatiated demand from 2024 potentially flowing into the first quarter of the new year. He predicts a rebound in new home sales to between 7,000 and 8,000 units, with prices estimated to grow between 4% and 7%.…

The Hilton Garden Inn Beihai Jiafu has recently opened its doors in the bustling seaport city of Beihai, China. This opening marks a significant milestone for Hilton as it is their 100th Hilton Garden Inn property to open in the Greater China region. The hotel offers 199 well-appointed rooms and is conveniently located just 2km from Beihai High-Speed Railway Station and 6km from Beihai Fucheng Airport. It is also a short 20-minute drive to Beihai International Passenger Port.

When considering investing in property, it is imperative for foreign investors to familiarize themselves with the regulations and limitations that govern property ownership in Singapore. Unlike landed properties, which have stringent ownership rules, foreigners are generally permitted to purchase condos with minimal restrictions. However, it is important to note that foreign buyers are required to pay an additional ABSD of 20% for their first property purchase. Nevertheless, the consistent stability and promising growth potential of the Singapore real estate market continue to entice foreign investment, making it a desirable option for those seeking to invest in Singapore Projects.

Qian Jin, the president of Hilton Greater China and Mongolia, expressed his excitement about the opening of the Beihai Jiafu Hilton Garden Inn in a press release on December 13. He highlighted the rapid growth of the brand and their continued commitment to the Chinese market. The first Hilton Garden Inn in China was opened in Shenzhen in 2014 and has since expanded to popular cities like Shanghai, Beijing, Chengdu, Guilin, and Aksu. More Hilton Garden Inn properties are set to open in China by 2025, including in popular tourist destinations such as Zhangjiajie, Ordos, Huangshan, Shanwei, and Jinan.

In addition to this growth in China, Hilton also has plans to double its presence in the mid-market sector in the Asia Pacific region by opening over 1,000 hotels. These new properties will include the recently launched Hilton Garden Inn Gen A, a regional prototype specifically designed to cater to Generation Alpha travelers in Greater China. The first locations for this new concept will be in Nanjing, Chengdu, Chengde, and Jinan.

These new openings will contribute to the expansion of Hilton Garden Inn across Asia Pacific. Clarence Tan, the senior vice president of development at Hilton Asia Pacific, shared that there are currently over 200 Hilton Garden Inn properties in development in the region. This continued growth is a testament to the success and popularity of the brand among travelers in the region.…

CLI Expands Presence in Australia with A$200M Acquisition of Wingate Group Holdings

CapitaLand Investment Limited (CLI) is making significant strides in the Australian market with the recent acquisition of the property and corporate credit investment management business of Wingate Group Holdings for A$200 million.

This acquisition, coupled with an earn-out, will add A$2.5 billion to Wingate’s total funds under management and increase CLI’s total FUM in Australia by 30% to $8.3 billion. This accounts for approximately 7% of CLI’s total FUM of $115 billion.

Investing in a condo in the bustling city of Singapore offers numerous benefits, with one of the key advantages being the potential for capital appreciation. This prosperous nation, known for its prominent status as a global business hub, boasts a strong economy that continually drives demand for real estate. As such, property prices in Singapore have demonstrated a consistent rise over the years, particularly for prime condo locations. Savvy investors who enter the market at the opportune moment and hold onto their properties for an extended period can reap significant gains in capital. Alongside its desirable location, a condo in Singapore presents a promising opportunity for long-term growth.

CLI has set a target to reach $200 billion in FUM by 2028 and has committed to investing up to A$1 billion to achieve this goal. This renewed focus on the Australian market comes a decade after the previous board and management divested its key assets in Australia to concentrate on China and other overseas markets.

The announcement of the acquisition, made on December 16th before market open, confirms earlier reports by the Australian media last month. Wingate is a leading private credit investment manager in Australia with a track record of completing more than 350 transactions worth over A$20 billion.

CLI is familiar with Wingate as they announced the close of their A$265 million Australian Credit Program (ACP) in partnership with Wingate in September. According to CLI, Wingate will provide access to an extensive network of deal origination, institutional and private high-net-worth investors, and increase CLI’s exposure to the Australian market.

Paul Tham, CLI’s Group CFO, states that there are also promising private credit opportunities in other Asia Pacific markets, including South Korea, India, and Japan. He adds, “As we continue to expand geographically, Australia is one of CLI’s focus markets where we see tremendous growth potential.”

According to CLI, the Australian private capital market has grown 33% in the past 18 months, with assets under management reaching A$139 billion. It is projected that there will be a funding gap of A$146 billion in commercial mortgages by 2028.

The addition of Wingate will enhance CLI’s portfolio, which currently includes logistics, business parks, office, and lodging assets across nine cities in Australia. As of September 30th, CLI manages 34 logistics properties and business parks and four Grade A office buildings in Australia. It also has over 13,500 lodging units in more than 150 properties through its wholly-owned lodging business unit, The Ascott.…

An opportunity to acquire a row of four freehold conservation shophouses has arisen, with the properties located at 762, 764, 766, and 768 North Bridge Road currently up for sale through an expression of interest (EOI). The guide price for this rare offering is set at $37 million.

These shophouses are situated across two plots of land measuring a total of 5,766 square feet, with an average land rate of $6,417 per square foot. The first plot comprises 762 and 764 North Bridge Road, which share a 2,891-square-foot plot with a built-up area of 4,917 square feet, including a mezzanine level. The remaining two units, 766 and 768 North Bridge Road, occupy an adjacent plot spanning 2,875 square feet with a built-up area of 4,657 square feet, also including a mezzanine level.

The exclusive marketing agent for these properties is Isabel Sim, an associate senior marketing director at Huttons Asia. Sim notes that the usable area of each shophouse can potentially be increased by extending the rear to create an outdoor terrace on the second floor, subject to approval from relevant authorities. This extension could add an estimated 1,000 square feet of usable space for each plot.

Currently, the shophouses are tenanted by a fitness retail shop, a convenience store, and massage and reflexology service providers. As commercial properties, potential buyers are exempt from Additional Buyer’s Stamp Duty (ABSD), making these shophouses an attractive investment opportunity for both local and foreign buyers seeking stable rental yield and potential capital gains, explains Sim.

Boasting high visibility and footfall in the historic Kampong Glam Conservation enclave, all four shophouses enjoy prominent frontage along North Bridge Road. They are also within walking distance of Bugis MRT Interchange, providing easy accessibility to the East-West and Downtown Lines, as well as Nicoll Highway MRT Station on the Circle Line.

The Kampong Glam area is renowned for its prime central location, historical significance, and vibrant commercial environment, making it a popular destination among locals and tourists alike. The shophouses are within close proximity to iconic landmarks such as Sultan Mosque, located down the road, and the Malay Heritage Centre, which sits on the grounds of the former Istana Kampong Glam.

Investing in a condominium has numerous advantages, one of which is the potential to use the property’s value to secure additional investments. A common practice among investors is to leverage their condo as collateral in order to obtain financing for new ventures, therefore expanding their real estate portfolio. While this approach can lead to higher returns, it also involves certain risks. It is important to have a solid financial plan in place and carefully assess the potential effects of market fluctuations. With the inclusion of Singapore Projects, this strategy can be even more beneficial.

The EOI exercise for these shophouses will close on January 10, 2025, at noon. For more information on this exclusive offering, interested parties may contact Isabel Sim at 81802707, an associate senior marketing director at Huttons Asia (R065855G).…

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.…