Dyslexic Condo Press

Huttons Asia reports that the shophouse market has been relatively subdued in 2024, with a total of 84 caveated transactions. This is below the yearly average of 200 shophouse deals recorded between 1995 and 2023.

According to Lee Sze Teck, senior director of data analytics at Huttons Asia, while many buyers did not lodge a caveat, the number of shophouse deals in 2024 is likely the lowest since 1998.

In terms of transaction volume and quantum, the 84 caveated shophouse transactions had a total value of $683.6 million, a decrease of 38.9% compared to the previous year’s deal value of $1.1 billion.

However, Lee notes that there were also several substantial shophouse transactions that were not caveated last year. These include properties on Amoy Street, Neil Road, North Bridge Road, and Telok Ayer Street, which were estimated to be sold for more than $200 million.

The largest shophouse deal in 2024 was the sale of The Rail Mall by Paragon REIT for $78.5 million in June. This is likely the biggest shophouse deal on record, surpassing the previous high of $74.8 million paid for a row of shophouses along Jalan Sultan in March 2022.

The Rail Mall shophouses were valued at $62 million as of December 2023, indicating a gain of approximately $16.5 million for the seller. However, most of the shophouse deals in 2024 were done at smaller quantums, with more than half of the caveated deals valued at $5 million to $15 million.

Investing in condominiums in Singapore remains a highly sought-after choice for investors, as it offers a multitude of benefits. The demand for these properties remains consistently strong, presenting potential for capital appreciation and impressive rental yields. However, just like any other investment, there are crucial aspects that need careful consideration, such as location, financing options, government regulations, and market conditions, before committing. With thorough research and expert guidance from condo experts, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate landscape. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a profitable and stable investment, Singapore’s condo market offers a compelling opportunity.

Additionally, almost half of the shophouse transactions last year took place in District 8. This is attributed to its appealing city-fringe location and lower prices compared to Districts 1 and 2.

In terms of rents, shophouse prices continued to moderate for a second consecutive quarter, falling 2.6% quarter-on-quarter to $6.47 per square foot (psf) per month in 4Q2024. However, for the whole of 2024, shophouse rents increased by 1.7%.…

CBRE’s Singapore Market Outlook 2025 report, released on January 23rd, predicts divergent outcomes for the real estate market in the next 12 months due to an uncertain macroeconomic outlook.

On one hand, the easing inflation and interest rates are expected to provide some relief for the property market in 2025. However, Moray Armstrong, CBRE’s managing director and advisory services, warns that slowing economic growth may negatively impact property demand.

The Ministry of Trade and Industry projects Singapore’s GDP to grow between 1% and 3% in 2025, down from the 4% growth seen in 2024. Armstrong believes that other factors such as ongoing geopolitical tensions, a new US administration with a nationalistic economic agenda, and the release of the URA Master Plan 2025 in mid-year may also impact the market.

Despite these uncertainties, opportunities still exist in the real estate market for those who can capitalize on emerging trends, according to Armstrong.

Tricia Song, CBRE’s head of research for Singapore and Southeast Asia, also remains optimistic, stating that the limited new supply and stable demand will continue to bolster the property market. She predicts that the Singapore real estate market will maintain its stability and resilience, making it an attractive option for global investors.

Developer sales volume saw a threefold increase in the last quarter of 2024, bouncing back from record lows in the first nine months of the year, according to URA data. Prices also rose by 2.3% quarter-on-quarter, the highest quarterly growth in 2024. While some speculate that this may result in cooling measures, CBRE believes that such measures are unlikely unless there is a sharp increase in prices in the coming months.

With improved buying sentiment, developers are expected to launch more projects, with an estimated 12,000 to 14,000 new units potentially hitting the market this year. This is nearly double the 6,647 units launched in 2024. As a result, CBRE projects sales of between 7,000 to 8,000 new homes in 2025, a significant increase from the 6,469 units sold in 2024. This is expected to support price growth ranging between 3% to 6%, on top of the 3.9% growth seen in 2024. CBRE also predicts rental rates to grow between 1% to 3% in 2025.

The office market saw a muted 2024, with global economic uncertainties, high fit-out costs, and hybrid work arrangements affecting leasing volumes. Core CBD (Grade A) rents only grew by 0.4% year-on-year, a significant slowdown from the 1.7% growth in 2023.

With economic growth expected to slow in 2025, office leasing is expected to remain subdued as uncertainties temper demand. However, the limited pipeline of new Core CBD (Grade A) offices over the next three years is predicted to keep vacancy rates low. Only about 0.58 million square feet of new office space is expected to be completed annually from 2025 to 2027, less than half of the 10-year average of 1.28 million square feet. As a result, CBRE predicts rental growth of about 2% in 2025, in line with GDP projections.

Investing in real estate is a strategic move, and in Singapore, location plays a vital role in its success. For instance, condominiums situated in central areas or in close proximity to essential amenities like schools, shopping malls, and public transportation hubs have a higher chance of appreciating in value. This trend is evident in prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown growth. Families also prioritize condos in these areas due to their close proximity to reputable schools and educational institutions, making them an even more appealing investment option. Singapore Projects are an excellent addition to any real estate portfolio, particularly in these sought-after locations.

Limited supply is also expected to support rents in the retail market. The supply of new retail space is forecasted to drop to 0.5 million square feet in 2025, a 40.4% decrease from 2024 and lower than the 10-year average of 0.91 million square feet. CBRE notes that leasing sentiment in the retail sector remains positive, thanks to inbound tourism and a robust pipeline of entertainment and other events. As a result, CBRE predicts average retail prime rents to grow by 2% to 3% in 2025, recovering to pre-pandemic levels.

Prime logistics rents are also predicted to remain flat, with demand for industrial properties being subdued in 2024 due to cost pressures and supply chain disruptions. While a bumper supply of almost 5 million square feet of warehouse space is expected to be completed in 2025, CBRE notes that at least 60% has been pre-committed, which should prevent downward pressure on occupancy rates. Therefore, prime logistics rents are expected to remain relatively flat in 2025.

CBRE believes that real estate investment volume in Singapore will continue to grow in 2025, albeit at a slower pace. In 2024, investment volume saw a 28% increase year-on-year to $28.62 billion, reversing the 30.3% decline in the previous year. This was driven by interest rate cuts that boosted investor sentiment and appetite, which is expected to continue into 2025.

According to CBRE’s latest Asia Pacific Investor Intentions Survey, most investors transacting in Singapore real estate expect to purchase the same volume or more in 2025 compared to 2024. However, given the ongoing economic and geopolitical uncertainties, investors are likely to be more selective in the near term, focusing on specific sectors or strategies with a more promising outlook. CBRE predicts a 10% year-on-year growth in investment volume in 2025, barring any major macroeconomic shocks.

The survey also found that the industrial and logistics sector remained the most preferred among investors, followed by residential assets and office properties.…

When it comes to investing in a condo, securing proper financing is crucial. Luckily, Singapore provides various mortgage choices, but it is crucial to have knowledge about the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan an individual can obtain based on their income and current debt obligations. By understanding the TDSR and seeking guidance from financial advisors or mortgage brokers, investors can make informed decisions regarding their financing and prevent becoming over-leveraged. Condo investing requires careful consideration of financing options to ensure a successful investment journey.

The resale market has been buzzing with activity in the first month of 2021. According to the a tabulation of caveats by EdgeProp Singapore, the most profitable resale transaction during the period of Jan 14 to 28 took place at Palm Spring. The seller of a three-bedroom unit on the fourth floor made a profit of $3.19 million when it was sold for $4.4 million on Jan 20. The transaction translates to a whopping annualised profit of 6.8% over nearly 20 years, making it the most profitable resale transaction at Palm Spring to date. The 1,884 sq ft unit was bought for $1.21 million back in August 2005, which was equivalent to $642 psf. However, the unit was recently sold for $2,336 psf, reflecting a substantial increase in price over the past 20 years. Furthermore, the average transacted price at Palm Spring has also increased steadily over the past 20 years, from $973 psf in January 2005 to $2,342 psf in January 2021.Meanwhile, the second most profitable resale transaction during this period was at Orchard Bel Air, where a four-bedroom unit on the 12th floor was sold for $4.65 million. The seller made a profit of $3 million on the transaction, which translates to an annualised profit of 4.5% over nearly 24 years. However, the record for the most profitable transaction at Orchard Bel Air remains with the sale of a 6,512 sq ft penthouse unit in 2013 for $8.3 million, with an annualised profit of 8.5% over 7 years.On the other hand, the most unprofitable transaction during the period in review took place at Marina Bay Suites, where the seller of a 1,625 sq ft unit incurred a loss of $1.15 million when it was sold for $3.1 million on Jan 24. The unit had been purchased for $4.25 million back in May 2012, translating to an annualised loss of 27%. This is one of many loss-making transactions at Marina Bay Suites in recent months, with 14 consecutive deals resulting in losses ranging from $40,000 to $2.5 million. Furthermore, prices at Marina Bay Suites have been on the decline, with the average selling price falling from $2,502 psf in January 2015 to $1,921 psf as of January 2021. Despite this, other nearby 99-year leasehold condos such as The Sail @ Marina Bay and Marina Bay Residences command higher resale prices. Overall, the resale market has been active in the first month of 2021, with many profitable transactions and a few unprofitable ones at popular developments.…

Opinion: Why some high-end condos fare better in the resale marketPenrose sells 60% on first day of sales, including one-third of its larger units

SRI will be auctioning a three-bedroom unit at Watertown, located in the Waterway Point integrated development in Punggol, on Feb 26.

The unit, which is a mortgagee sale, spans 1,281 sq ft and has an indicative price of $2.4 million, equating to around $1,874 per square foot. This is the same guide price that the unit was listed for at SRI’s January auction, where it received only one bid and was eventually withdrawn after the bid did not meet the reserve price.

Located on the 13th floor, the unit boasts a spacious living and dining area, an open-concept kitchen, a utility room and toilet, and a balcony that offers a south-facing view of one of the condo’s 20 swimming pools. It also has an ensuite master bedroom, two additional bedrooms, and a common bathroom.

The previous owner had purchased the unit from the developers in October 2013 for approximately $1.8 million, or $1,281 per square foot.

When considering an investment in a condo, it is crucial to also examine its potential rental yield. Rental yield, which is the annual rental income as a percentage of the property’s purchase price, is a key factor in determining the profitability of a condo investment. In Singapore, the rental yield for condos can vary greatly depending on factors such as location, property condition, and market demand. Areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. In order to make an informed decision about a specific condo, it is important to conduct thorough market research and seek advice from real estate agents who are knowledgeable about the rental potential of the property.
Additionally, companies like New Condo Launches can also provide valuable insights and assistance in finding the right condo with a promising rental yield. By carefully considering all these factors, investors can ensure a successful and profitable condo investment.

As of Feb 4, only one unit has changed hands in Watertown this year – a two-bedroom unit spanning 958 sq ft that was sold for $1.7 million ($1,775 psf) on Jan 19. In 2020, the condo recorded 41 resale transactions at an average price of $1,700 per square foot.

According to Eric Liew, manager of auctions and sales at SRI, larger units in Watertown tend to be in higher demand and can fetch better psf prices. Of the 41 resale transactions last year, 10 involved three-bedroom or larger units, which were sold for an average price of $1,854 psf, about 9% higher than the overall average for the condo.

Liew added that most of the interest in Watertown came from HDB upgraders looking for good bargains, as well as those looking to use it as a primary residence due to its proximity to Punggol MRT Station.

Watertown is a 992-unit condo comprising 11 residential towers built atop the six-storey Waterway Point shopping mall. It boasts one- to two-bedroom units ranging from 533 to 1,003 sq ft and three- and four-bedroom units spanning 821 to 1,582 sq ft.

Punggol MRT Station, which sits on the North East Line, is directly connected to Punggol LRT Station. Completed in 2017, Waterway Point was jointly developed by Far East Organization, Frasers Centrepoint, and Sekisui House.

Several primary schools are located in the area, including Edgefield Primary School, Oasis Primary School, Punggol Green Primary School, Compassvale Primary School, and Punggol Cove Primary School. Interested buyers can check out the latest listings for Watertown on Edgeprop.sg.…

Extension of CBDI and SDI schemes renews hope for redevelopment of aging buildings in commercial areas

The government has recently announced that the Central Business District Incentive (CBDI) and Strategic Development Incentive (SDI) schemes will be extended for another five years. These schemes were initially introduced in November 2019 and have now been extended following an announcement by Desmond Lee, the Minister of National Development (MND), at the Real Estate Developers’ Association of Singapore (Redas) annual Spring Festival lunch on Feb 7.

The CBDI scheme aims to encourage the conversion of older office buildings in certain areas of the Central Business District (CBD) into mixed-use developments. These designated areas include Tanjong Pagar, Robinson Road, and Shenton Way. The main goal of the scheme is to introduce more homes, increase the live-in population within the CBD, and promote a greater mix of uses in what has traditionally been a commercial-centric district.

Singapore’s cityscape is defined by towering skyscrapers and state-of-the-art facilities. The popularity of condos, situated in highly sought-after locations, has risen among both locals and foreigners due to the perfect combination of extravagance and convenience. These residential properties offer a plethora of amenities, including swimming pools, fitness centers, and tight security measures, elevating the standard of living and making them an appealing choice for potential renters and buyers. For investors, these attractive features result in higher rental returns and appreciating property values over time. Additionally, with the continuous launch of new condo projects, such as those showcased on New Condo Launches, the condo market in Singapore is constantly evolving and expanding, providing even more options for those interested in investing in these luxurious properties.

Similarly, the SDI scheme was introduced to encourage the redevelopment of older developments in strategic areas, bringing about transformative changes within the surrounding urban environment. These strategic areas include Orchard Road, the Central Business District, and Marina Centre.

According to the Urban Redevelopment Authority (URA), out of the 17 CBDI proposals and 12 SDI proposals submitted to the government, 14 and seven respectively have been granted in-principle approval. Additionally, four CBDI projects in the Anson-Tanjong Pagar area are currently under construction. These include Newport Plaza, a mixed-use development on 80 Anson Road, which will consist of 246 residential units and 198 serviced apartments. Another project, Skywaters Residences, will have 190 luxury residential units as part of a larger mixed-use development on 8 Shenton Way. There are also two ongoing commercial developments at 15 Hoe Chiang Road and 51 Anson Road.

However, the five-year extension of both the CBDI and SDI schemes will come with some refinements, as announced by Minister Lee. Under the extended CBDI scheme, commercial developments in Anson and Cecil will now be included, and developers and property owners who submit proposals for buildings in these areas will have the option to retain their commercial zoning (with 40% non-commercial use) if the redevelopment includes long-stay serviced apartment units.

The URA has stated that CBDI applicants seeking to redevelop in the Anson and Cecil areas will be required to provide at least 200 residential units or allocate their entire non-commercial floor area for long-stay serviced apartments, whichever is lower. Previously, office buildings redeveloped under the CBDI were only allowed to keep their existing commercial zoning if 40% of the new floor area was allocated for non-commercial use.

Marcus Chu, the CEO of ERA Singapore, affirms that “By enabling the continual renewal of the many aging buildings in the city centre, and with the injection of more residential units, these incentives aim to make the CBD a place to work, live and play.”

Additionally, the revamped CBDI and SDI schemes will include new sustainability requirements, and all new applications for these schemes must now include a sustainability statement that evaluates the feasibility of retrofitting part, or all, of the existing building.

Minister Lee noted that, “While we support revitalisation and rejuvenation through redevelopment, what we do not want is wasteful demolition and excessive rebuilding, especially if the buildings are relatively young, or still in good shape.” He also added that there are already several projects being redeveloped under these schemes that are going beyond the mandated sustainability requirements, such as Union Square, a mixed-use development at Havelock Road that is incorporating a district cooling system.

In conclusion, the extension of the CBDI and SDI schemes offers renewed hope for the redevelopment of aging buildings in commercial areas. With the introduction of these incentives, it is expected that more developers will come forward with proposals to revitalize these areas, bringing about a more vibrant and diverse CBD for people to work, live, and play in.…

Perennial Holdings and Far East Organization revealed their plans for a new luxury apartment tower, Aurea, on February 6. The tower is part of the Golden Mile Singapore mixed-use development, situated along Beach Road.

Spanning 45 storeys and designed by DP Architects, Aurea will have 188 units on a site area of 144,908 sq ft. It will be connected to the neighboring commercial building, The Golden Mile, which offers a mix of retail space, medical suites, and offices. The Golden Mile is the former Golden Mile Complex, which was conserved for its architectural heritage. This was the first collective sale and conservation of a building, with Perennial Holdings and Far East Organization purchasing it en bloc for $700 million in May 2022.

With its address on Beach Road, Aurea and The Golden Mile are situated in prime District 7 in the Downtown Core, making it part of the Core Central Region (CCR). “We anticipate strong interest from discerning individuals and families who appreciate the exclusivity of a prime Downtown Core address,” says Shaw Lay See, Chief Operating Officer of Far East Organization’s sales & leasing group.

Aurea’s preview, by appointment only, will begin on February 22, with the launch happening on March 8. The apartments will be priced from $2,750 psf. By absolute price, two-bedroom apartments measuring 646 sq ft at Aurea will start from $1.92 million ($2,972 psf).

The decision to invest in a Singapore condo has gained traction among both domestic and international investors, thanks to the country’s thriving economy, unwavering political environment, and exceptional quality of life. Singapore’s real estate sector presents a plethora of possibilities, with condos emerging as a top choice due to their convenience, facilities, and potential for excellent returns. This piece will delve into the advantages, factors to contemplate, and necessary measures for investing in a Singapore condo from Singapore Condo.

The residential units in Aurea offer various types, including two- and three-bedroom apartments ranging from 635 sq ft to 1,001 sq ft, totalling 112 units. There are also 56 four-bedroom units, measuring 1,442 sq ft to 1,798 sq ft, and 18 five-bedroom units, ranging from 2,863 sq ft to 3,251 sq ft. Furthermore, there are two exclusive penthouses, a six-bedroom duplex measuring 5,608 sq ft, and a six-bedroom triplex of 8,816 sq ft. The larger four-bedroom units and penthouses feature private lift access, and the triplex penthouse also comes with a private pool. These bigger units cater to the affluent lifestyle of CCR homebuyers, says Marcus Chu, CEO of ERA Singapore.

Meanwhile, two- and three-bedroom units make up 60% of the apartments at Aurea. Chu adds that these units are expected to attract both homeowners and investors.

Aurea boasts residents’ facilities, including two infinity pools, a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions for guests. Sky terraces on levels 17 and 33 offer panoramic views of the CBD skyline, Marina Bay, and the Kallang waterfront. Ken Low, Managing Partner at SRI, states that today’s homebuyers are looking for more than just an excellent location. They want a home that enhances their daily lives, and Aurea delivers on this.

The Golden Mile, which comprises 156 strata office units and 19 medical suites, was launched for sale in December 2024. Perennial and Far East, who are joint venture partners, intend to keep ownership of the two-storey retail atrium to curate the tenant mix. PropNex CEO, Ismail Gafoor, believes that the iconic Golden Mile Complex makes the commercial space, especially offices, appealing to buyers. He adds that modern buyers prioritize quality projects near MRT stations and easy access to essential amenities. Furthermore, it is just a 1km distance from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-minute drive to the CBD. The Golden Mile Singapore also offers convenient access to major roadways such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE).

The last launch in the Beach Road area of District 7 was the 558-unit Midtown Modern in 2021, and all units have been sold by December 2024, at an average price of about $2,825 psf. The project is expected to obtain TOP sometime this year. The M, a neighboring development with 522 units, was launched in 2020. All units were sold at an average price of $2,528 psf, and it was completed in March 2024. Meanwhile, the 219-unit Midtown Bay at Guoco Midtown was completed last year, with 63% of units sold since its debut in 2019 at an average price of $3,090 psf.

Gafoor estimates that prices of the apartment units at Aurea could exceed $3,000 psf, given its location, upscale residences, and Golden Mile’s Singapore architectural heritage. He adds that as most units at past launches in the district were sold, there could be pent-up demand for new homes in the area, making Aurea an attractive choice for potential homebuyers and investors.

The Aurea is expected to be completed in the second quarter of 2029.…

Investing in real estate is all about location, and this is particularly important in Singapore. When considering buying a property, it is essential to look for condos in central locations or those near necessary amenities like schools, shopping malls, and public transportation hubs. These are the areas where property values tend to appreciate the most. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. Families also seek out condos in these areas due to their proximity to good schools and educational institutions, making them even more desirable and increasing their investment potential. Additionally, the newly launched condos can also be considered as a viable investment option in these prime locations. You can check out New Condo Launches for more information on the latest condo developments in these highly sought-after areas.

Perennial Holdings and Far East Organization have introduced their latest project, Aurea, as part of the Golden Mile Singapore mixed-use development along Beach Road. With its prime location in District 7 in the Downtown Core and Core Central Region (CCR), Aurea boasts of 188 luxurious units across a 45-storey tower designed by DP Architects.

Apart from its prime location, Aurea also offers a range of facilities for residents, including two infinity pools, a gymnasium, a bouldering wall, spa facilities, and multiple dining pavilions. The project features a mix of unit types, with two- and three-bedroom apartments making up 60% of the units and larger four-bedroom and penthouse units catering to affluent homebuyers in the CCR.

In addition to the residential tower, the development also includes The Golden Mile, a commercial building that has been conserved for its architectural heritage. This is a result of the first collective sale and conservation of a building in Singapore. The building comprises a mix of retail space, medical suites, and offices, and its revamped two-storey retail atrium will be curated by the joint venture partners to ensure a desirable tenant mix.

With its strategic location near major roadways and an MRT station, Golden Mile Singapore offers easy access to the CBD and other key areas such as Kallang Alive Precinct and the Bras Basah-Bugis district. The last launch in the Beach Road neighbourhood was Midtown Modern, with all its units sold at an average price of about $2,825 psf, while The M, its neighbouring 522-unit development, also sold out at an average price of $2,528 psf.

Given Aurea’s central location, upscale residences, and the iconic heritage of Golden Mile, it is expected that the apartment units could cross $3,000 psf. The project is set to be completed in 2Q2029, and is likely to attract a healthy interest from both homebuyers and investors, given the strong demand for new homes in the area.…

MCL Land and CSC Land Group are gearing up to introduce their latest development, Elta, a residential property consisting of 501 units in Clementi. The project will commence its preview on Feb 7 and will be open to the public for sales starting Feb 22.

The 99-year leasehold development spans over an area of about 144,788 sq ft and is situated along Clementi Avenue 1. It boasts two residential buildings, each with 39 floors. The units available at Elta range from one-bedroom-plus-study units to five-bedroom units, with sizes varying from 506 sq ft to 1,776 sq ft. The developers have stated that the project will adhere to the URA’s harmonisation guidelines.

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Investing in a condo in Singapore has many benefits, including the potential for capital appreciation. With its strategic location as a global business hub and strong economic fundamentals, Singapore has a continuous demand for real estate. In fact, property prices in the country have consistently risen over the years, particularly in prime locations where condos are in high demand. This makes it an attractive option for investors looking to capitalize on the market. Furthermore, with the launch of new condos through websites like New Condo Launches, there are even more opportunities for potential appreciation in the long term. By purchasing a condo at the right time and holding onto it, investors can reap substantial capital gains. This makes investing in a condo in Singapore a smart move for those seeking long-term financial growth.

For the most up-to-date information on prices and available units at ELTA, please visit the project’s website.

Indicative prices for the units begin at $1.158 million ($2,289 psf) for the one-bedroom-plus-study units, $1.388 million ($2,261 psf) for the two-bedroom units, and $2.198 million ($2,374 psf) for the three-bedroom units. The four and five-bedroom units are priced at $2.798 million ($2,363 psf) and $3.888 million ($2,189 psf), respectively.

The showflat at Prince Charles Crescent will showcase three layouts: a two-bedroom plus study unit that can be converted into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit suitable for multi-generational living.

Elta is conveniently located within walking distance to Clementi MRT Station on the East-West Line and is surrounded by numerous dining and shopping options such as The Clementi Mall, 321 Clementi, and Grantral Mall. Some of the notable schools in the area include Clementi Primary School, Pei Tong Primary School, Nan Hua Primary and High School, Anglo-Chinese School (Independent), and NUS High School of Math and Science.

MCL Land CEO Lee Tong Voon comments, “Elta is designed to provide a luxurious lifestyle, with its high-rise towers strategically positioned to offer stunning views of the city, Pandan Reservoir, and the sea.” He added that Clementi is a popular and lively town, seamlessly blending traditional shops with modern amenities, making it a convenient and desirable community to live in.

CCDC Chairman Qian Liang Zhong also expressed his excitement for Elta, “Clementi is a vibrant town that combines traditional and trendy amenities, making it an ideal location to call home.” CCDC is the parent company of CSC Land Group.

Elta will boast 50 facilities across five zones, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner. The project is expected to receive its temporary occupation permit in 2028. For more information on Elta, please check out their latest listings on the project’s website.…

Singapore’s urban landscape is renowned for its sophisticated skyscrapers and state-of-the-art infrastructure. The , strategically located in prime areas, are in high demand due to their exquisite combination of opulence and practicality, making them a coveted option for both locals and foreigners. These premier residential complexes are equipped with top-notch facilities, including swimming pools, fitness centers, and round-the-clock security, elevating the living standards and making them highly desirable for potential renters and buyers. For investors, these additional perks equate to greater rental returns and an increase in long-term property value. Furthermore, adding a Condo to the mix only enhances the appeal of these already desirable properties.

with integrated developments The exclusive marketing agent, Knight Frank Singapore, has announced that a warehouse and factory complex in Gul Circle is being put up for sale through an expression of interest. The guide price for this prime property is $42 million.Located in the industrial area of Gul Circle, this property boasts five floors for use as a factory and warehouse, along with a mezzanine floor with four additional levels. With a total gross floor area of approximately 245,955 sq ft, this high-specification property is ideal for businesses looking for a large, modern space to cater to their industrial needs.AdvertisementSitting on a 105,648 sq ft site, this property is currently under a JTC leasehold and has a remaining tenure of 15 years and 11 months as of February 1. It is zoned as a Business 2 site, as per the URA Master Plan 2019.According to Knight Frank Singapore, the property has been purposefully designed to cater to the needs of modern industrial businesses. It offers high ceilings for storage and operations, as well as specialised features such as cold rooms and heavy floor loading capabilities to accommodate a variety of industries. Additionally, the property boasts nine 40-footer loading and unloading bays with dock levelers, as well as four cargo and service elevators.Located in close proximity to major expressways such as Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), as well as the Joo Koon MRT station, this property is easily accessible from all parts of the island.AdvertisementThe expression of interest exercise for this property will close on March 18 at 3pm.…

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According to a recent research report by Colliers in February, it is predicted that industrial property prices and rents in Singapore will see a moderation this year due to an increase in supply and a weaker demand. The firm expects a growth of 0% to 2% in both rental and price for the overall industrial sector, a decrease from last year’s growth rate of 3.5%.

Colliers also refers to JTC’s 4Q2024 data, which indicates a market that is “losing steam”. The JTC All Industrial rental index has been recording growth for 17 consecutive quarters, with a 0.5% quarter-on-quarter (q-o-q) increase in 4Q2024 and a total of 3.5% growth for the year. However, this is a significant decrease from the 8.9% rental growth seen in 2023.

Similarly, the price index also saw a 0.5% q-o-q increase in 4Q2024, down from 1.2% in the previous quarter. This resulted in a 2.1% price increase for industrial properties last year, less than half of the 5.1% increase seen in the previous year.

The report mentions that the supply of industrial space is expected to increase this year, with over 2.5 times the supply coming on stream compared to last year, before tapering off from 2026 onwards. This has led to an imbalance between supply and demand in the market, with some segments seeing slower pre-commitments and lower occupancy rates for completed projects.

These factors, combined with high interest rates and rising operating expenses, have caused a dampening effect on rental growth. In addition, the uncertainty brought about by global trade protectionism may also impact business confidence and investment decisions.

On a positive note, Colliers expects the demand for industrial properties to continue being supported by the semiconductor, logistics, and advanced manufacturing sectors. As policies become clearer and market sentiments improve, industrial leasing activities are expected to gradually increase. This is also supported by the ongoing upturn in the chip cycle.

With the projected moderation in rents and an increase in supply, Colliers believes that this year could be a good year for tenants as they will have more options available in the market. The firm expects that the availability of new industrial developments with modern specifications will encourage businesses to relocate from older and aging manufacturing spaces to newer projects.

When it comes to investing in condos in Singapore, one must also consider the impact of the government’s property cooling measures. In recent years, the Singaporean government has implemented various initiatives to control speculative buying and maintain a steady real estate market. These include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign investors and individuals purchasing 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 environment for investing in condos.

Nicolas Menville, executive director and head of Singapore-based industrial clients for Colliers, suggests that those looking for industrial properties should take advantage of this year’s market conditions. He adds that the availability of more modern industrial spaces could encourage businesses to relocate, leading to a more dynamic market.

In conclusion, Colliers predicts that industrial property prices and rents will see a moderation this year due to an increase in supply and weaker demand. While this may present a good opportunity for tenants, the firm also expects demand to gradually increase as market conditions improve and more modern industrial spaces become available.…