Dyslexic Condo Press

Source: EP Buddy

Understanding the regulations and limitations surrounding property ownership in Singapore is crucial for foreign investors. While purchasing condos is usually less restricted for foreigners, the same cannot be said for landed properties, as they are subject to stricter ownership regulations. Additionally, foreign buyers are also obligated to pay the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property purchase. However, despite these additional costs, the Singapore real estate market’s stability and growth potential remain a magnet for foreign investment. Singapore Projects are a particularly attractive option for foreign investors seeking opportunities in this thriving market.

Sim Lian Group has announced that its latest executive condominium (EC), Aurelle of Tampines, will be open for e-application on February 22. This highly anticipated project consists of 760 units and is located at Tampines Street 62 in Tampines North. As the first new EC project to launch in 2025, it has garnered a lot of attention from potential buyers.

Aurelle of Tampines is strategically situated just a five-minute walk away from the upcoming Tampines North Transport Hub. This hub will feature the Tampines North MRT Station, which is part of the Cross Island Line expected to open in 2030. It will also include an air-conditioned bus interchange and a mixed-use development known as ParkTown Mall, featuring a Community Club, hawker centre, and ParkTown Residence. The adjacent 1,093-unit ParkTown Residence will also be launched for sale on February 22.

The EC project spans across a site area of 301,391 sq ft and comprises fourteen 14-storey residential blocks. According to Sim Lian, the units are designed for young professionals and growing families, thus offering a mix of three- to five-bedroom units.

Interested buyers can find out more about the available units and prices for Aurelle of Tampines. The prices will start from $1.417 million ($1,687 psf) for a three-bedroom unit with a floor area of 840 sq ft, $1.689 million ($1,651 psf) for a four-bedroom unit spanning 1,023 sq ft, and $2.258 million ($1,665 psf) for a five-bedroom unit measuring 1,356 sq ft.

The development also features a wide range of facilities, including seven swimming pools, a clubhouse, and more. An artist’s impression of the clubhouse is available, showcasing the luxuries that residents can look forward to.

Next to Aurelle of Tampines is another EC project, Tenet, developed jointly by Qingjian Realty and Santarli Realty. Launched in December 2022, this project has sold 617 units at an average price of $1,385 psf. The highest transacted price to date is for a 1,367 sq ft unit that sold for $2.26 million, or $1,651 psf, in December. As of February 21, only one unit is still available for sale in Tenet.

E-applications for Aurelle of Tampines will open on February 22 and close on March 4. Sales bookings will commence on March 8. The appointed marketing agents for the project are ERA, Huttons, OrangeTee, and PropNex.

As per the current EC regulations, during the initial launch (first 30 days), 70% of the project must be allocated to first-time buyers, while the remaining 30% is open for second-timers. Buyers can also check out listings for other properties in the same district or compare the latest rental transactions and price trends between new and resale condos. In addition, they can find out more about available units in Tenet or other recently launched projects.…

River Valley Apartments, a freehold condominium located on River Valley Road, has recently been sold for $56 million. This marks the first successful residential collective sale deal to close in 2025, with the selling price equating to a land rate of $1,622 psf per plot ratio (psf ppr).

The sale is set to benefit the strata-titled owners, who will receive a minimum of $2 million to $2.6 million each based on the sale price. According to a press release from Knight Frank Singapore, the marketing agent for the sale, the purchaser is a Singapore family office with plans to redevelop the site into serviced apartments. The Urban Redevelopment Authority (URA) has already granted an Outline Permission for the development of such apartments.

The scarcity of land in Singapore is a significant driving force behind the soaring demand for condos. As a compact island nation with a rapidly expanding population, Singapore is faced with limited space for development. In response to this challenge, the government has implemented strict regulations on land use, resulting in a highly competitive real estate market where property prices remain perpetually high. As a result, investing in real estate, especially condos, has become an attractive opportunity for potential buyers, with the potential for significant capital appreciation. To explore more about the latest Singapore projects, visit Singapore Projects.

“This marks the first collective sale site sold in 2025, amidst a challenging collective sale market, especially for the residential sector,” says Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore.

The River Valley Apartments collective sale is not only the first residential collective sale site sold in a prime district since May 2023, when Kew Lodge was sold for $66.8 million to Aurum Land, but it also attracted a great deal of interest during the tender process.

“The tender for River Valley Apartments attracted very keen interest,” says Chia. She adds that this was likely due to the site’s “excellent locational attributes” within the popular River Valley neighbourhood, as well as the potential for redevelopment into a serviced apartment project, which is in high demand in Singapore’s fast-expanding living sector.

The development itself consists of a four-storey building with 24 units, sitting on a 12,408 sq ft site zoned for residential use. Under the latest Master Plan, the site has a gross plot ratio of 2.8. The owners of River Valley Apartments had initially launched the collective sale in January 2025 with a guide price of $56 million.

“We had tried to initiate a collective sale exercise in the past, and this is the first time we have secured the 80% owners’ consensus to proceed with the tender launch,” says Jerry Tan, chairman of the River Valley Apartments collective sale committee. Interested buyers can check out the latest listings for River Valley Apartments properties on the market.…

It is essential for foreign investors to have a comprehensive understanding of the laws and limitations surrounding property ownership in Singapore. While there may be fewer restrictions for foreigners when it comes to purchasing condos compared to landed properties, there are still regulations in place. For instance, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this additional cost, the Singapore real estate market remains a stable and promising option for international investment. In fact, the market’s attractiveness has led to the recent launch of new condominium projects, further solidifying its appeal to foreign investors. If you are interested in exploring opportunities in the Singapore real estate market, check out New Condo Launches for the latest developments and opportunities.

8M Residences has emerged as the top private condominium to achieve a new peak in psf-price for the week of Feb 1 to 7. The freehold development set a new record of $2,384 psf when a two-bedroom unit spanning 646 sq ft was sold for $1.54 million on Feb 3. This marks the first time a unit at 8M Residences has been sold above $2,300 psf.The previous peak at the development was $2,261 psf in April 2023 when a similar 646 sq ft, two-bedroom unit on the 11th floor was sold for $1.46 million.8M Residences also recorded another transaction during the same period that surpassed the April 2023 record. On Feb 3, a 527 sq ft, one-bedroom unit on the 11th floor was transacted for $1.2 million ($2,275 psf).Based on resale data compiled by EdgeProp Singapore, prices at 8M Residences have consistently risen over the last few years. The average price of units at the condo has increased by 7.3% over the last three years, from $2,028 psf in February 2022 to $2,177 in February 2025. This trend is reflected in the recent record-breaking sale at $2,384 psf.8M Residences, a 20-storey residential tower with 68 units, was completed in 2017 and offers a mix of one- to three-bedroom units ranging from 517 to 1,421 sq ft. It also features four penthouses from 1,184 to 1,841 sq ft.Meanwhile, a three-bedroom unit at Kovan Jewel, a boutique condo along Kovan Road in District 19, took second place on the list of condos that achieved a new psf-price high. The 1,076 sq ft unit on the second floor was sold by the developer for $2.41 million on Feb 7, setting a new high of $2,236 psf. This surpasses the previous peak set in August 2024 when a similar 1,076 sq ft, three-bedroom unit on the fourth floor fetched $2.4 million ($2,228 psf).Completed in 2024, Kovan Jewel is a freehold condo with one- to three-bedroom units from 624 to 1,345 sq ft. It also boasts four-bedroom penthouses from 1,237 to 2,153 sq ft.As of Feb 18, 50% of the units at Kovan Jewel have been sold, with an average price of $2,111 psf based on caveats lodged. Nine units were sold last year at an average price of $2,111 psf. The recent sale on Feb 7 is the first this year.Freehold Oleanas Residence, located along Kim Yam Road in District 9, takes third place on the list as a new psf-price record was set with a transaction on Feb 3. The 1,141 sq ft, three-bedroom unit on the sixth floor was sold for $2.52 million, setting a new record of $2,207 psf. This surpasses the previous peak of $2,157 psf achieved through the sale of a 1,238 sq ft, three-bedroom unit for $2.67 million in August 2022.The most expensive resale unit at Oleanas Residence is a 1,636 sq ft, three-bedroom unit that was sold for $3.3 million ($2,017 psf) in December 2022. Completed in 1999, the condo has only recorded four resale transactions in the last three years. These transactions range from $2.4 million ($2,103 psf) for a 1,141 sq ft, three-bedroom unit in November 2023 to $3.3 million ($2,129 psf) for a 1,550 sq ft, four-bedroom unit in April 2024.Oleanas Residence is within walking distance of two MRT stations: Great World MRT Station on the Thomson-East Coast Line and Fort Canning MRT Station on the Downtown Line. The condo is also close to educational institutes such as River Valley Primary School and Outram Secondary School, both within a 1km radius.…

Third time’s the charm for The Grange sellerCOMMENT(S) 1 COMMENTSWrite your comment.Post commentAbout 80% of properties find buyers within six months5 days 23 hours agoRELATED CONTENTNo new sale transactions for luxury homes recorded in the week of Jan 16 to 23Billionaire Li Ka Shing’s son Richard Li is in the market for a $30 mil penthouseBikini Bar at Sentosa still up for sale at $10 milResidential transactions down 50% m-o-m, 44% y-o-y in MayFlexibility key to helping businesses survive pandemicCASTERLY SPINERESIDENTIAL & COMMERCIAL PROPERTY @ YOUR DOOR STEPwww.casterlyspine.sg

Securing financing is a crucial element when it comes to investing in a condo. In Singapore, there are various mortgage choices available, but it is imperative to have knowledge about the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan that a borrower can obtain, taking into consideration their income and current debt obligations. To ensure sound financial decisions and prevent overextending oneself, it is essential to comprehend the TDSR and seek guidance from financial advisors or mortgage brokers. For the latest updates on new condo launches, visit https://www.dyslexicpress.com/.

The luxurious development Nassim 9 has recorded the most profitable private non-landed resale transaction between Feb 4 to Feb 7. The sale involved a unit spanning 2,486 sq ft, with four bedrooms located on the third floor, which was sold for a staggering $7.5 million, at $3,016 psf on Feb 7. According to URA caveats, the previous owner had purchased the unit back in December 2005, for $4.12 million, at $1,641 psf. This resulted in a profit of $3.42 million, which is equivalent to 83.8% of their initial purchase price. This also translates to an annualized gain of 3.2% over a period of 19 years. This transaction sets a new record for the most profitable resale at Nassim 9 so far. The previous record was set in March 2023, where a larger four-bedroom unit spanning 2,756 sq ft was sold for a whopping $9.5 million, at $3,448 psf. This unit was purchased back in December 2005, at $4.12 million, translating to a profit of $5.38 million or 130.6%, over 17 years. The record for the third-most profitable resale at Nassim 9 is held by a unit sold in March 2023 for $10.3 million, at $3,169 psf. The developer has certainly made a huge profit from the development so far. Nassim 9 is a boutique condo with only eight units, located along prestigious Nassim Road in district 10. It was completed back in 2002 and consists of luxurious four-bedroom units spanning between 2,756 and 3,423 sq ft. It’s no surprise that such a high-end development would command such a high profit margin for its resales.At Mount Faber Lodge, a luxurious development with 84 units, a triplex penthouse unit was sold for $5 million, at $1,350 psf on Feb 5. The unit had previously changed hands in August 2001, for $1.6 million, resulting in a profit of $3.4 million or 212.5%, over a period of 23.5 years. This marks the most profitable transaction at Mount Faber Lodge so far. The second most profitable transaction at Mount Faber Lodge was when a three-bedroom unit spanning 2,669 sq ft was sold for $3.89 million, at $1,457 psf back in October 2022. This unit was purchased back in January 2006, for $1.3 million, resulting in a profit of $2.59 million or 199.2%. Mount Faber Lodge is a boutique freehold development that was completed back in 1983. It’s located along Mount Faber Road in district 4 and consists of studio units spanning 1,098 sq ft, along with spacious two- and three-bedroom units from 1,173 to 2,454 sq ft. The development also has 20 five-bedroom triplex penthouses that are sized from 3,703 to 3,724 sq ft. This marks another example of how luxurious developments in prime districts can command such high profits when it comes to resale transactions.Lastly, at Amaryllis Ville, a 99-year leasehold condo in District 11, a three-bedroom unit spanning 1,238 sq ft on the 28th floor was sold for $2.65 million, at $2,141 psf on Feb 5. This unit was previously purchased in June 2005, for $1.09 million, resulting in a profit of $1.56 million, or an annualized gain of 4.6% over 19.5 years. The previous record for the most profitable transaction at Amaryllis Ville was when a 1,991 sq ft unit was sold for $3.75 million, at $1,886 psf in September 2023. This unit was purchased back in June 2009, for $1.95 million, which resulted in a profit of $1.8 million, or an annualized gain of 4.7% over 14 years. Amaryllis Ville was completed back in 2004, and it consists of studio units from 657 to 1,378 sq ft, along with two- and three-bedroom units from 958 to 2,637 sq ft. They also have spacious five-bedroom triplex penthouses that are from 3,703 to 3,724 sq ft. In recent years, resale prices at Amaryllis Ville have been increasing steadily. In February 2023, the average price hit $1,897 psf before hitting $2,001 psf in February 2024. Last month, the average price hit $2,082 psf, which is a 4% year-on-year increase. Overall, there were no negative resale transactions during the period in review, which is another testament to the robust market in prime districts.…

Investing in a condominium requires careful consideration of its maintenance and management. Typically, condos come with maintenance fees to cover the upkeep of shared spaces and amenities. While this can increase the overall cost of ownership, it also guarantees that the property stays in top condition and maintains its value. To make it a more hands-off investment, investors can enlist the services of a property management company to handle daily tasks. Additionally, you can stay updated on new condo launches by visiting Dyslexic Press.

Heeton Holdings reported a significant increase in earnings for the second half of FY2024, ended Dec 31, 2024. The group recorded a 221% year-on-year growth, with earnings reaching $3.85 million. However, for the full financial year, the group is still making losses.

In the second half of FY2024, earnings per share amounted to 0.79 cents per ordinary share, while for the whole year, it was a negative 0.28 cents per share. This increase in earnings can be attributed to Heeton’s revenue growth of 10.5% year-on-year to $41.1 million in the second half of FY2024. For the full year, the revenue was $78.2 million, with a year-on-year increase of 15.2%.

The group’s revenue for the second half of FY2024 was mainly derived from rental income from investment properties, hotel operation income, and management fees. The overall revenue for the year ended Dec 31, 2024, saw a 15.2% year-on-year growth due to higher occupancies in the United Kingdom and an increase in rental rates for the group’s investment properties.

During the year 2024, Heeton disposed of some of its subsidiaries, primarily its 70% interest in Gloucester Corinium Avenue Hotel Limited and Ensco 1154 Limited, which resulted in a net gain of $3.78 million. The group’s property, plant, and equipment, which amounted to $418.83 million, primarily included hotel properties. There was an increase of $16.92 million in FY2024, mainly due to the acquisition of a hotel in Edinburgh, United Kingdom. However, the effect of the appreciation of Pound Sterling and reversal of impairment changes was offset by the disposal of hotels in Japan and the United Kingdom, and depreciation charges that were recognized.

In terms of cash flow, the group experienced a decrease in cash and cash equivalents of $32.70 million due to some significant cash inflows and outflows. This includes proceeds from the disposal of property, plant, and equipment of $26.43 million and proceeds from disposals of subsidiaries of $11.37 million. The cash outflows consisted of a net repayment of loans from associated and joint venture companies of $24.45 million, additions to property, plant, and equipment of $40.36 million, and restricted cash pledge for bank facilities of $22.98 million.

In view of the uncertain economic outlook for Singapore and the geopolitical changes brought about by the Trump administration, Heeton will continue to expand strategically and cautiously. As the hospitality industry faces challenges such as high operating and labor costs, increased interest rates, and an uncertain macroeconomic environment, the group remains committed to providing high-quality, experiential stays for its guests through its bespoke boutique brand.

Heeton also plans to participate in land tenders in the local residential market, such as government housing schemes, often as part of a consortium. At the same time, the group’s two retail malls are expected to continue generating recurring income for its property investment business.

For the current financial period, the group is declaring a final dividend of 0.5 cents per share. On Feb 20, shares in Heeton closed 0.5 cents or 1.818% lower at 27 cents.…

Singaporean entrepreneur Que Neo, who is also a boutique property developer under Euro Properties, has his sights set on creating residential projects in the neighbourhoods he wants to live in. Most recently, his subsidiary EG Properties completed K Suites, a 19-unit apartment building in District 15’s prime East Coast area, along Lorong K Telok Kurau. The project is earmarked to obtain its temporary occupation permit (TOP) in 1Q2025.

K Suites’ biggest draw is its strategic location, which offers easy access to the beach, East Coast Park, shopping centres, the CBD, and Changi Airport. According to Neo, “With the East Coast Parkway and Pan-Island Expressway, it only takes 10 minutes to get to the airport and another 10 minutes to reach downtown.” The project, designed by JGP Architecture, features a modern facade with a curtain wall system that allows natural light to brighten up the interiors and provides unblocked views of the surrounding area.

Residents of K Suites will enjoy convenient access to public transport, with a bus stop less than 50m away. From there, it’s just two stops to the nearest MRT stations: Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL). Eunos Station is a single stop from the Paya Lebar Interchange (for the EWL and Circle Line) and five stops from the Bugis Interchange for the EWL and Downtown Line. Meanwhile, Marine Parade Station is just five stops from the Marina Bay Interchange (for the TEL, North-South, and Circle Lines) and six stops from Shenton Way in the CBD. Notably, the TEL provides direct train access to popular destinations such as Orchard Road and Woodlands North, which is also the Rapid Transit System (RTS) Station that will connect Singapore to the Bukit Chagar Station in Johor Bahru.

Apart from its excellent location, the project is also in close proximity to popular schools, making it a desirable option for families. K Suites is situated just two doors away from PCF Sparkletots @ Joo Chiat, a top preschool among young families. In addition, within a 1km radius of Telok Kurau are other well-known schools, including Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary. Prestigious secondary schools, such as Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School, are also easily accessible.

The government’s property cooling measures are an essential factor to consider when it comes to investing in Singaporean condos. Over time, the Singaporean government has implemented multiple measures to discourage speculative buying and promote a steady real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign investors and those purchasing multiple properties. Although these measures may affect the immediate profitability of condo investments, they also play a crucial role in ensuring the long-term stability of the market, creating a more secure investment environment. As a result, condo investment in Singapore can be a wise and strategic move.

K Suites features a range of facilities for residents to enjoy, including a swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The project is set back from the main road, allowing for the creation of a grand arrival and drop-off area. The surface carpark can accommodate 16 cars and two electric vehicle charging stations.

Since its preview in September 2022, the first phase of 10 units has already been sold out as of February 2021. The project has mostly attracted Singaporean buyers, many of whom are professionals, including doctors, lawyers, and corporate executives. The development offers four three-bedroom units ranging from 797 to 872 sq ft, and 11 four-bedroom units ranging from 1,076 to 1,130 sq ft. The largest units at K Suites are the five-bedroom penthouses, which have a ceiling height of 7m and range from 1,625 to 1,679 sq ft. So far, three out of the four penthouses have been sold, with the remaining unit up for sale. The penthouses have proven popular with large families, with one already purchased by a family with four children, ensuring that each child has their own bedroom. Most buyers are upgraders, drawn to the project’s freehold status and prime District 15 address. Others are downsizing from larger homes and prefer ground-level units with a ceiling height of 4.5m that overlook the landscaped garden and facilities.

Based on lodged caveats, the most recent transaction was for a 872 sq ft, three-bedroom unit on the fourth floor, which was sold for $2.13 million ($2,443 psf) in November. Neo claims that K Suites is the most affordable new freehold project in District 15 and with its impending TOP and the current positive market sentiment, the developer is releasing the remaining units in the development. Interested buyers can now purchase three-bedroom units starting from $2.058 million ($2,582 psf), four-bedroom units from $2.525 million ($2,347 psf), and five-bedroom penthouses from $3.5 million ($2,154 psf).

Despite the focus on large-scale projects, boutique developments such as K Suites have also garnered attention. Since the onset of Covid, some buyers prefer the exclusivity, tranquility, and low-density lifestyle offered by boutique developments. According to a study by Huttons Data Analytics, prices at selected boutique developments in District 15 have appreciated by over 100% since their launch. For instance, Malvern Springs, which was launched in January 2002, has seen units sold at prices that are 234.2% higher. Over the past five years, from January 2020 to December 2024, monthly median rents at boutique condos in Telok Kurau and Joo Chiat, such as the 127-unit Coralis, have risen 76.5%. With its prime location and attractive features, K Suites is expected to appeal to both investors and homeowners alike.…

Although private housing rents saw a slight rebound in the last quarter of 2024, they are expected to remain flat this year, according to a recent market report by Savills Singapore.

The report stated that the private residential market has been performing relatively poorly in the past year, with rents falling by 1.7% in 2024. This marked the first full-year decline since 2020, when a 0.5% drop was recorded.

In 4Q2024, there were only 19,733 leasing transactions, marking a decrease of 24.2% compared to the previous quarter. This is attributed to a decrease in net new rental demand, coupled with a year-end seasonal lull in rental activity. The decline in leasing activity was mostly seen in landed homes, which saw a 30.8% drop in rental contracts, and apartments and condos, which saw a 23.7% decrease.

Despite the decrease in leasing activity, there is still some growth in rental demand. Managing director of Livethere Residential at Savills Singapore, George Tan, says that rents in the private residential market have stabilized. He also notes that more affordable rents can be found in suburban areas where tenants can prioritize lifestyle options such as spacious units, connectivity to MRT stations, and recreational activities.

Savills’ rental data shows that Parc Esta, a 1,399-unit development in District 14, recorded the most condo leasing transactions in 4Q2024 with 163 deals at a median rent of $6.84 psf per month (pm). Other projects with a high number of rental transactions include Marina One Residences, The Sail @ Marina Bay, Normanton Park, and D’Leedon.

While the Outside Central Region (OCR) saw a decline of 0.8% in average rents last quarter, the Core Central Region (CCR) and Rest of Central Region (RCR) saw growth of 0.9% and 0.3% respectively. Savills attributes the decline in OCR rents to tenants shifting to more central locations with lower rent prices.

The average monthly rent for luxury properties in Singapore saw a slight increase of 1.7% q-o-q in 4Q2024 to $5.85 psf pm, suggesting a possible rebound after consistent declines over the past five quarters. However, Executive Director of Research and Consultancy at Savills Singapore, Alan Cheong, cautions that landlords will likely face challenges in the rental market this year as companies continue to reduce headcounts and hire fewer expatriates. Additionally, landlords will also face higher property taxes for non-owner-occupied residential properties and increased conservancy charges due to inflationary pressures.

Singapore is facing a high demand for condos due to limited land availability. As a small and densely populated island nation, Singapore is constantly struggling with a scarcity of land for development. As a result, the government has implemented strict land use policies, leading to a competitive real estate market. This, in turn, drives up property prices and makes investing in real estate, especially condos, a potentially lucrative opportunity for investors looking for capital appreciation. As a response to this demand, new condo launches have become a common occurrence in the ever-evolving real estate landscape of Singapore. New Condo Launches offer an attractive option for those looking to invest in the highly sought-after Singaporean property market.

Cheong adds that while rents for non-landed private residential properties have increased in the past two quarters, there will likely be challenges in the rental market in 2025. The potential for widespread adoption of AI in the future may reduce the need for white-collar professionals and expat tenants in Singapore. However, there will also be fewer new completions of private homes in 2025, which could help landlords resist underpriced rental offers. Higher property taxes and interest rates may also discourage landlords from accepting low-ball rental rates.…

CBRE, a renowned real estate company, is currently representing the sale of two prime properties in Hongkong Street – Hotel Clover and a commercial building. The hotel, which boasts 27 rooms, is being offered at a guide price of $27 million, while the commercial building with five floors is being marketed at a guide price of $22.6 million.

Hotel Clover is a unique six-storey boutique hotel situated on a 1,701 sq ft land that is designated for hotel use with a plot ratio of 4.2 under the latest Master Plan. The site has a remaining lease of approximately 89 years. The total floor area of the hotel is 7,142 sq ft, equivalent to $3,780 per square foot.

Similarly, the commercial building located at 36 Hongkong Street is built on a 1,733 sq ft land and is zoned for commercial use with a plot ratio of 4.2 under the Master Plan. The site has a remaining lease of 93 years and the total floor area of the building is 7,279 sq ft. The guide price for the building is $3,105 per square foot.

The commercial property is fully tenanted, with a bridal shop occupying the ground floor and offices on the upper floors. According to Clemence Lee, the executive director of capital markets at CBRE Singapore, both properties have attractive remaining land tenures compared to other 99-year leasehold properties in the CBD area. They are also ideal for potential owner-occupiers looking for a flagship asset with naming rights at a reasonable price.

Being designated for hotel and commercial use, both properties are available for purchase by foreigners and companies without incurring Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD).

The two properties are strategically located in Clarke Quay, a popular riverfront lifestyle precinct with renowned restaurants and bars, boutique hotels, and fitness studios. They are also situated near Clarke Quay MRT Station on the North-East Line, making it easily accessible.

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Singapore’s Condo market is in high demand, driven by limited land availability. As a small island nation with a rapidly expanding population, Singapore faces a scarcity of land for development. To combat this, strict land use policies have been implemented, leading to a highly competitive real estate market where property prices continue to rise. As a result, investing in real estate, particularly Singapore Condos, has become a lucrative venture with potential for significant capital appreciation.

Moreover, the nearby CQ@Clarke Quay is undergoing a $62 million asset enhancement project, while the completion of two new integrated developments, Canninghill Piers and Union Square, will further elevate the vibrancy of the area. Lee also believes that these properties have immense potential for future rental growth and capital appreciation in the medium to long term.

Both properties will be sold through an expression of interest exercise, and interested buyers have until March 26 to submit their bids. For more information on these and other commercial real estate properties, please visit the CBRE website.…

MCL Land and CSC Land Group pick Delta partnership for $468.8 mil purchase of Jalan Lempeng site

When it comes to investing in real estate, one of the most important factors to consider is location. This rings especially true in Singapore, where the value of properties is greatly influenced by their location. Condos that are situated in central areas or close to important amenities like schools, shopping malls, and public transportation hubs have a higher chance of appreciating in value. This can be seen in prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown growth over the years. Families also play a significant role in driving up the investment potential of condos in these areas, due to the proximity to reputable schools and educational institutions. Therefore, for those looking to invest in real estate in Singapore, considering properties in prime locations such as Orchard Road, Marina Bay, and the CBD can greatly increase the chances of a successful investment. For more information on Singapore condos, please visit Singapore Condo.…

According to a press release on February 19th, The Collective, a luxury brand under the local flexible workspace provider JustCo, has just launched its first flagship co-working space in Tokyo.

Occupying 24,000 square feet, the co-working space is located in GranTokyo South Tower, a 42-storey skyscraper in the prestigious Marunouchi district of Tokyo’s Chiyoda City ward. The building is conveniently located near Tokyo Station, providing easy access to Narita and Haneda airports.

The current trend of investing in a condo in Singapore has captured the attention of both local and foreign investors, thanks to the country’s thriving economy, stable political climate, and exceptional quality of life. In Singapore’s real estate sector, there is no shortage of promising opportunities, with condos standing out for their conveniences, facilities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and essential steps to take when investing in a Singapore Condo.

The group describes The Collective as a tribute to the grandeur and hospitality of a luxury voyage, taking inspiration from the iconic Tokyo Station.

The space boasts a variety of amenities, including hot desks, meeting rooms, private suites with secure 24/7 access, and larger enterprise suites with exclusive entrances and customized workspace designs. Each workspace is fitted with Herman Miller Aeron chairs and Benel adjustable desks.

For members looking to take a break from work, The Collective also offers a TWG Tea Bar, serving refreshments throughout the day, and a “wellness sanctuary” where they can relax and recharge.

The Collective’s flagship co-working space in Tokyo is the latest addition to its global network, joining other locations in major cities like Singapore and Sydney.…