Month: January 2025

Please paraphrase the following article:

To summarize, purchasing a condo in Singapore offers several benefits, including strong demand, potential for continued appreciation, and appealing rental returns. Nevertheless, it is crucial to carefully assess various factors such as location, financing options, government policies, and market conditions. With thorough research and expert guidance, potential investors can make well-informed decisions and maximize their profits in Singapore’s ever-changing real estate landscape. Whether you are a local buyer seeking investment diversification or a foreign investor in search of a stable and lucrative opportunity, Singapore’s condo market presents a compelling proposition.

At Sentosa Cove, the waterfront location of Turquoise boasts 91 luxury condos, with three duplex penthouses currently available for purchase at a price of $23 million. The largest of the penthouses spans 7,987 sq ft and features five bedrooms, making it the largest of the 10 penthouses in the 99-year leasehold waterfront condominium. It includes a wine cellar, kitchen and living area, four en suite bedrooms, two utility rooms, and a balcony on the lower level. The upper level offers a master bedroom suite with a private infinity pool, pool deck, and outdoor shower, all for a cost of $12 million ($1,502 per square foot).

The second-largest penthouse, a four-bedroom unit covering 3,746 sq ft, is on the market for $5.99 million ($1,599 per square foot). The upper floor includes a spacious open-air terrace with a built-in jacuzzi and unobstructed views of nearby islands and the southern waterfront of Sentosa.

The third and final penthouse to be sold is a smaller unit of 3,111 sq ft with three bedrooms and a guide price of $5 million ($1,607 per square foot). All three penthouses are located on the sixth floor and have private lift lobbies, wet and dry kitchens, floor-to-ceiling windows, open balconies, and attached en suite bathrooms in each bedroom.

Residents at Turquoise have access to amenities such as a gym, barbeque pits, a swimming pool, a steam room, and 21 private berths. Developed by Ho Bee Land, the 99-year leasehold Turquoise was completed in 2010 and offers a range of unit sizes, including three- and four-bedroom apartments, penthouses, and sky villas.

Currently, the developer still owns the largest penthouse priced at $12 million, as shown by URA caveats. The second-largest penthouse was bought by a Korean buyer for approximately $9.5 million ($2,545 per square foot) in November 2007, when the project was launched. The third penthouse was purchased by an African buyer for just over $8 million ($2,579 per square foot) in December of the same year.

According to Michele Cabasug, senior associate VP at List Sotheby’s International Realty, foreign buyers originally purchased these waterfront homes for investment and holiday purposes. However, they are now primarily being bought for primary residences. She notes that the current profile of buyers at Turquoise is mostly Singaporeans, followed by permanent residents and then foreign buyers.

Cabasug adds that the trend of working from home has led to an increased desire for properties in Sentosa, with buyers ranging from retirees to young families. The developer, Ho Bee Land, was an early pioneer in the development of Sentosa Cove, with projects such as Turquoise, The Berth by the Cove, The Coast, Seascape, and Cape Royale. They also developed several bungalows on Coral Island and Paradise Island, two of the man-made islands in Sentosa Cove.…

The Botanic on Lloyd, a freehold condominium, sets a new price record for the period between Jan 3 and Jan 11, achieving the highest psf-price among private non-landed developments with a sale price of $2,493 psf. The new record was set on Jan 7 with the sale of a 2,056 sq ft, four-bedroom unit for $5.13 million. This surpassed the previous high of $2,339 psf, which was set in October 2024. The Botanic on Lloyd comprises 60 apartments and six townhouses, and its units range from 1,485 sq ft to 3,584 sq ft in size. The development is located along Lloyd Road in Prime District 9.

Financing plays a pivotal role in investing in a condo. In Singapore, there are several mortgage options available, but it’s crucial to understand and adhere to the Total Debt Servicing Ratio (TDSR) framework. This framework limits the loan amount that can be acquired based on the borrower’s income and existing debt obligations. It is essential to be well-informed about the TDSR and seek guidance from financial experts or mortgage brokers to make sound decisions about financing options and avoid overborrowing. Additionally, keeping a close watch on new condo launches can present potential opportunities for investing in a condo.

Another freehold development, The Cape, also achieved a new price peak during the period in review. A 1,313 sq ft, three-bedroom unit on the 15th floor was sold for $3 million, setting a new record of $2,284 psf. The development’s average price has been trending upwards in the past year, reflecting an increase in transactions.

On the other hand, upcoming condominium Tembusu Grand recorded a new price floor of $2,174 psf on Jan 11. This is in line with the condo’s lowest previous record of $2,193 psf, set just two months earlier in November 2024.

The two freehold developments mentioned are located in District 9 and 15, which are highly sought-after prime areas. This suggests that the luxury residential market is still performing well, with buyers willing to pay top prices for quality properties.…

HDB resale prices continue to rise for 19th consecutive quarter

HDB resale prices have increased by 2.6% in the fourth quarter of 2024, marking the 19th consecutive quarter of growth in the secondary public housing market. This brings the total price increase for the whole of 2024 to 9.7%. According to experts, this significant increase can be largely attributed to the limited supply of flats that have reached their Minimum Occupation Period (MOP) during the year.

Compared to the previous quarter, where resale prices rose by 2.7%, the increase in the fourth quarter of 2024 has moderated slightly. Mohan Sandrasegeran, head of research & data analytics at SRI, believes that the strong growth in resale prices throughout 2024 was due to the limited supply of flats that reached their MOP, which led to upward pressure on prices. He also notes that buyers have shown a strong interest in newer flats and larger flat types, such as five-room and executive units, which cater to growing family needs.

Five-room flats recorded the highest resale price growth in the HDB resale market in the fourth quarter of 2024, with an average price increase of 2.2% to $754,097. Similarly, the prices of four-room flats also increased by 2.2% in the same period, reaching an average of $652,544. The Central Area saw the highest increase in prices, growing by 25.6%, followed by Toa Payoh, Tampines, Bishan, and Bedok.

In total, there were 285 HDB resale flats sold for $1 million or more in the last three months of 2024. This brings the total number of million-dollar HDB resale transactions for the whole year to 1,035. Lee Sze Teck, senior director of data analytics at Huttons Asia, notes that more than 90% of these transactions occurred in mature estates, with the Kallang/Whampoa estate seeing the highest number of million-dollar flats changing hands at 156 units.

However, despite the continuous price growth, the transaction volume in the HDB resale market fell by 21.1% in the fourth quarter of 2024. This can be attributed to seasonal factors such as the year-end holiday and festive season. Additionally, the lower interest rate environment may have also encouraged some buyers to move to the private residential market or the Executive Condominium (EC) market. Some prospective buyers may have also chosen to ballot for a flat in the latest Build-to-Order (BTO) sales exercise, which took place in October 2024.

Owning a condo offers numerous benefits, one of which is the ability to utilize its value for future investments. With a condo as collateral, many investors are able to access additional financing and expand their real estate portfolio. However, this approach should be carefully considered as it also carries its share of risks. It is crucial to have a well-thought-out financial plan in place and thoroughly evaluate the potential implications of market changes before leveraging a Singapore Condo for further investments.

Looking at the overall resale transaction volume for 2024, there was an 8.4% increase from the previous year, with a total of 28,986 units sold. This marks the largest number of yearly resale transactions since 2021. The top five most popular HDB towns among buyers in 2024 were Sengkang, Woodlands, Punggol, Tampines, and Yishun.

Moving forward, approximately 6,976 flats are expected to reach the end of their MOP this year, which is a 41.6% decrease from the previous year. This is due to the relatively fewer BTO flats completed in 2020 during the Covid-19 pandemic. However, HDB has announced plans to launch over 25,000 new flats across three BTO sales exercises in 2025, which will comprise 19,600 BTO flats and over 5,500 flats under the Sale of Balance Flats (SBF) exercise. The substantial ramp-up in public housing supply aims to address the growing demand for housing. Additionally, about 3,800 units of the 19,600 BTO flats planned for launch in 2025 will be designated as Shorter Waiting Time (SWT) flats, offering wait times of less than three years.

Experts predict a further increase in resale prices in the HDB market for 2025, with Sandrasegeran forecasting a 3.5% to 5.5% increase and Lee projecting a 5% to 8% increase.…

The Radisson Hotel Group has recently debuted their luxury hotel brand, Radisson Collection, in the Southeast Asia and Pacific region with the opening of their new property in Galle, Sri Lanka. The Radisson Collection Resort, Galle is the group’s fourth hotel in the country and offers 106 guest rooms that all boast stunning sea views.

The hotel features a range of amenities designed to provide an indulgent and relaxing stay for guests. These include a beachfront pool, a kids’ club with 24-hour nanny services, and various dining options such as Ozen, a fusion of Asian and Japanese cuisine, and the Catch Restaurant, known for its fresh seafood dishes. The Taboo Beach Club, a beachfront entertainment area, offers guests the opportunity to unwind on sun loungers and daybeds while they enjoy bottle service.

Located on the southwest coast of Sri Lanka, Galle has much to offer guests seeking a cultural and historical experience. The city’s main attraction is the Galle Fort, a 17th-century fortress that is recognized as a UNESCO World Heritage site. Visitors can also explore historic temples, colonial buildings, and wildlife centers, including a sea turtle hatchery.

In addition to its luxurious accommodations and convenient location, the Radisson Collection Resort, Galle continues to uphold the brand’s commitment to sustainability. The hotel utilizes eco-friendly practices and supports local communities through initiatives such as the support of a nearby sea turtle conservation project.

With the opening of the Radisson Collection Resort, Galle, the Radisson Hotel Group continues to expand its presence in Sri Lanka and the Southeast Asia and Pacific region. The group now boasts a portfolio of over 100 hotels in India and has a strong presence in China. Guests can look forward to experiencing the brand’s signature hospitality and unwavering dedication to luxury at this new seafront property.

When it comes to investing in a condo, securing financing is a crucial consideration. Singapore boasts a variety of mortgage choices for investors to choose from. However, it is crucial to have a good understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take, based on their income and current debt obligations. To make wise and informed decisions about financing, it is essential to work with financial advisors or mortgage brokers who can help navigate the TDSR framework. This will prevent investors from over-leveraging and ensure that they are aware of all their options when it comes to financing for their Singapore Condo.…

Meinhardt, a Singapore-based engineering consulting firm, has recently entered into a memorandum of understanding (MOU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN). This partnership aims to jointly explore and deliver digital and smart city projects in third-world Asean countries, as announced in a press release on January 17th.

The agreement outlines a commitment to advance sustainable and innovative urban solutions by exchanging knowledge and resources. JOIN, a Japanese public-private fund that supports Japanese companies investing in overseas infrastructure projects, will utilize its expertise and network in this collaboration. Meinhardt, known for its leadership in integrated planning, design, and project management solutions, will contribute its expertise to the partnership.

The MOU comes on the heels of the Memorandum of Cooperation (MOC) signed by Japan’s Ministry of Land, Infrastructure, Transport and Tourism and the Singapore Cooperation Enterprise in November of last year. This agreement aims to foster the development of digital and smart cities in Asean and other regions.

Leveraging this established framework, Meinhardt and JOIN’s MOU will provide a platform for both parties to share information, identify synergies, and collaborate on projects from the early stages. This collaboration has the potential to drive meaningful impact across borders and will contribute to the development of sustainable and advanced urban solutions.

When considering investing in condos in Singapore, it is essential to take into account the government’s property cooling measures. Singapore’s government has implemented several measures over the years to discourage speculative buying and maintain a stable real estate market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they also contribute to the long-term stability of the market, creating a secure investment environment.…

The latest update from Minister for National Development Desmond Lee has revealed that HDB has completed the final two Build-to-Order (BTO) projects from its pandemic-delayed housing projects. The announcement, made on January 20, marks the completion of Punggol Point Cove (Phase 2) and Kempas Residences, bringing the total number of projects completed by HDB within the last five years to 92. These projects have delivered 75,800 new flats to Singaporeans.
In 2024, HDB completed 22 housing projects, out of which 17 were delayed due to the pandemic. The remaining four delays were due to non-pandemic reasons. The completed projects included two Shorter Waiting Time (SWT) projects, Parc Glen at Tengah and Grove Spring at Yishun, which provided a total of 1,995 flats within a waiting period of less than three years. The rest of the projects had waiting times of up to five years, delivering over 18,000 flats in total.

Flat owners of Punggol Point Cove (Phase 2) have been receiving the keys to their new homes since November 2024, while key collection for Kempas Residences started in mid-January this year. HDB is expected to inform the remaining flat owners of their key collection date soon, following the completion of the final blocks in both projects this month.

Punggol Point Cove (Phase 2) is located along New Punggol Road and consists of 1,179 units of two-room flexi, three-, four- and five-room flats across six residential blocks. The last block of the project was completed 12 months after its original Probable Completion Date (PCD) due to pandemic delays. As of January 15, 657 households or 59% of 1,109 booked units have collected their keys. This marks the completion of all flats in the Punggol Point District, including Punggol Point Cove (Phase 1), Punggol Point Woods and Punggol Point Crown BTO projects, which were also completed in 2024.

Kempas Residences, located between Serangoon Road, Lavender Street and Boon Kheng Road, comprises 583 units of two-room flexi, three-, four-room flats across four residential blocks. The final block, delayed by six months from its original PCD, was completed in mid-January. As of January 15, 37 households or about 7% of 555 booked units have collected their keys.

When contemplating an investment in a condo, it is crucial to also evaluate the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary significantly based on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer a more favorable rental yield. In order to gain a better understanding of the rental potential of a specific condo, it is advisable to conduct thorough market research and seek guidance from real estate agents. Additionally, exploring projects in Singapore, such as Singapore Projects, can provide valuable insights in this regard.

Currently, HDB has 110 housing projects under construction, an increase from 95 a year ago due to the increase in BTO supply in recent years. HDB is on track to complete around 17,000 flats across 27 projects in 2025. Interested buyers can check out the latest listings for HDB properties and compare HDB loans versus bank loans.…

CDL, a renowned real estate company, is planning to acquire the remaining shares of Millennium & Copthorne Hotels New Zealand Limited (MCK) through its subsidiary, CDL Hotels Holdings New Zealand Limited (CDLHH NZ). The offer stands at NZ$2.25 ($1.72) for each share, and upon completion, MCK will be delisted and privatized. This move will simplify the ownership structure of CDL’s New Zealand entities, as stated by the company in a filing on January 20.

Currently, MCK owns 18 hotels in New Zealand, either through ownership, leasing, or franchising. It also has interests in properties in Australia through its subsidiaries, Kingsgate Group. CDL has divested assets worth more than $600 million in 2024, further enhancing its position in the real estate market.

As of January 17, CDLHH NZ holds 80.02 million shares in MCK, representing a 75.86% stake. In case of reaching the compulsory acquisition threshold under the New Zealand takeovers code, CDLHH NZ will acquire all outstanding shares in MCK. The company may also choose to redeem the non-voting redeemable preference shares issued by MCK.

Although the offer price does not include the non-voting redeemable preference shares, CDLHH NZ has stated its willingness to acquire them at NZ$1.70 or approximately $1.30 per share. The purchase will be carried out through the company’s broker, Craigs Investment Partners, on the Main Board of the New Zealand Stock Exchange. As of January 17, CDLHH NZ holds 91.34% of MCK’s redeemable preference shares.

If all MCK shareholders accept the offer, CDLHH NZ will pay a total of NZ$57.29 million. The company also estimates an additional expense of NZ$7.77 million for redeemable preference shares it intends to acquire. The offer price takes into consideration the current and historical market prices, as well as the industry and business environment in which MCK operates. As of June 30, 2024, MCK recorded a net asset value of NZ$532.02 million and a net tangible asset value of the same amount. The NAV and NTA attributable to the MCK shares subject to the offer are approximately NZ$85.62 million each, as of June 30, 2024.

Singapore’s urban environment is easily recognizable by its towering skyscrapers and advanced infrastructure. A popular feature of this landscape is the presence of high-end condominiums, strategically located in desirable areas. These condos offer a perfect fusion of indulgence and convenience, making them highly sought-after by both locals and foreigners. They boast an array of amenities including swimming pools, fitness centers, and top-notch security services, elevating the overall living experience and making them an attractive option for potential tenants and buyers. From an investment perspective, these luxurious features contribute to higher rental returns and appreciating property values over time. In addition, Singapore Projects add even more appeal to these already desirable condominiums.

The offer is subject to CDLHH NZ acquiring 90% or more of the voting rights in MCK by 5 pm on May 2. It also requires consent under the Overseas Investment Act 2005 of New Zealand and Overseas Investment Regulations 2005 of New Zealand. The implementation and payment of the offer are not expected to have a significant impact on CDL’s earnings per share or net tangible assets for the fiscal year ending December 31, 2025.…

Teo Hong Lim, the executive chairman of Roxy-Pacific Holdings, recently announced that a staggering 71 out of 113 units at Bagnall Haus, a freehold condominium, were sold on Jan 18, the first day of its launch. This means that the development has a sales rate of almost 63%, with an average transacted price of $2,490 per square foot. Majority of the buyers, 90% to be exact, were Singaporeans. According to Teo, most of them were end-users who had varying budgets. All types of units had a strong take-up rate, but the two- and three-bedroom units were the most popular. However, there was also demand for the larger five-bedroom units.Located in the desirable Upper East Coast Road in District 16, Bagnall Haus sits on a freehold land of 74,280 square feet and consists of 113 residential units spread across three five-storey blocks. The units range from one-bedroom plus flexi of 495 square feet to five-bedroom units of 1,528 square feet.To find out the latest prices and available units, search for the latest new launches on our website.Ismail Gafoor, the CEO of PropNex, stated that out of the 71 residential units that were sold at Bagnall Haus, 59% were one- and two-bedroom units. These units were sold for prices just below $2.1 million each. He also said that the three-bedroom units were highly sought after, with 18 out of 20 units being sold at prices ranging from $2.3 million to $2.7 million. The remaining four- and five-bedroom units were sold for approximately $3 million to $3.8 million.”We believe that the pricing, generally in the sweet spot of under $3 million, appeals to most buyers,” Gafoor said.The average transacted price of $2,490 per square foot was considered “compelling for a well-located freehold development” by Gafoor. He also added, “Buyers saw the value in the project, especially considering that some 99-year leasehold new launches in the Outside Central Region (OCR) — such as Chuan Park — had already reached an average price of $2,579 per square foot when it was launched in November 2024.”About 59% of the 71 units sold were one- and two-bedroom units that fetched prices just below $2.1 million (Photo: Albert Chua/EdgeProp Singapore)In addition to the 71 residential units sold, both strata-titled shop units on the ground floor of Bagnall Haus, each measuring 172 square feet, have also been snapped up for $688,000 ($4,000 per square foot) each.”Homebuyers were mainly owner-occupiers,” said Marcus Chu, the CEO of ERA Singapore. He explained that while some buyers were homeowners of older landed properties looking for smaller and modern apartments, others were families from the neighbourhood who were looking to upgrade to a freehold property.According to Chu, Bagnall Haus benefits from its close proximity to established amenities and reputable schools, such as Temasek Primary School, which is within a 1km radius.Check out also: Bagnall Haus: a rare freehold project steps from Sungei Bedok MRT, one stop from Bayshore’s transformationThe development is also within walking distance of the upcoming Sungei Bedok MRT Station, which is an interchange for the Downtown and Thomson-East Coast lines. It is only one stop from Bedok South MRT Station, which will be part of an integrated transport hub comprising a new bus interchange within the upcoming Bayshore precinct. This transport hub will also integrate retail and residential components.”Bagnall Haus saw strong sales due to pent-up demand from buyers who have been waiting for a new project in the area for 15 years. Additionally, buyers were attracted to the freehold tenure and recognized the potential benefits of the upcoming transformation of the Bayshore precinct,” said Mark Yip, the CEO of Huttons Asia.

It is a well-known fact that investing in real estate can be a smart financial choice. However, when it comes to purchasing properties in Singapore, the location needs to be carefully considered. This is because the location can significantly impact the value of a property. In this country, there are certain areas, such as Orchard Road, Marina Bay, and the Central Business District (CBD), that are considered prime locations. These areas have a proven track record of consistently increasing the value of properties over time.

Apart from location, another crucial factor to take into account when investing in real estate is the proximity to good schools and educational institutions. Families are often drawn to condominiums located near reputable schools, as it offers convenience and accessibility for their children’s education. This factor only adds to the investment potential of properties in these areas.

For individuals looking to invest in new condominiums in Singapore, it is essential to keep an eye on new condo launches. These launches tend to offer properties in prime locations with modern amenities and facilities. Moreover, early investors may have the opportunity to secure a lower price and potentially benefit from future appreciation in the value of the property.

In conclusion, the location of a property is a crucial factor to consider when making a real estate investment, and Singapore offers several prime locations that show promising investment potential. Along with essential amenities and proximity to good schools, keeping an eye on new condo launches, such as New Condo Launches, can also be a beneficial strategy in the Singapore property market.…

Commonwealth Towers has achieved a new psf-price peak during the week of Dec 27 to Jan 3 as it topped the list of private non-landed properties. The 99-year leasehold condo recorded a new price high of $2,460 psf on Dec 27 when a three-bedroom unit on the 40th floor was sold for $2.22 million. This surpassed the previous high set just three months ago in September 2024. The average resale price at Commonwealth Towers has been on the rise for the past three years, marking an 11.6% increase since 2022. On the other hand, Parq Bella and Klimt Cairnhill achieved a new psf-price record and low respectively during the same period. Parq Bella, a freehold project on Tembeling Road, sold a three-bedroom unit for $2.6 million, setting a new psf-price high of $2,416. On the other hand, Klimt Cairnhill, a freehold luxury project in Prime District 9, sold a two-bedroom unit for $2.55 million, setting a new psf-price low of $3,077.

In summary, the benefits of investing in a condominium in Singapore are numerous and alluring. This includes a high demand for such properties, potential for significant appreciation in value, and attractive rental yields. However, it is crucial to carefully consider various factors such as the property’s location, financing options, government regulations, and current market conditions. By conducting thorough research and seeking expert advice, investors can make informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor seeking to diversify your portfolio or a foreign buyer looking for a stable and profitable investment, the condominium market in Singapore offers a compelling opportunity. For more information on condominium projects in Singapore, please visit Singapore Projects.…

estimate

The Housing and Development Board (HDB) has announced the launch of over 25,000 new flats in 2025, with the aim to meet the housing demand in the upcoming years. This news was shared by Minister for National Development, Desmond Lee in a joint press release by HDB and the Ministry of National Development (MND) on January 16.

Out of the total, about 19,600 new Build-To-Order (BTO) flats will be offered across three sales exercises, along with over 5,500 Sale of Balance Flats (SBF) in one SBF sale exercise. The units will be a mix of Standard, Plus, and Prime BTO flats under the new classification framework. HDB has also announced the launch of approximately 5,000 flats in Kallang/Whampoa, Queenstown, Woodlands, and Yishun in the February BTO launch.

Moreover, HDB will also conduct its largest-ever Sale of Balance Flats (SBF) exercise next month, offering over 5,500 flats across various estates. About 40% of the flats in the SBF exercise are completed units, while the rest are at different stages of construction and are expected to be completed between 2025 and 2028.

In total, more than 10,000 new flats will be available under the February BTO and SBF exercises. This is a significant increase compared to the last four years, from 2021 to 2024, where HDB launched about 82,700 BTO flats. With a planned pipeline of 19,600 BTO flats in 2025, HDB is on track to launch around 102,300 BTO flats, exceeding its commitment of 100,000 units over five years.

The ramp-up in BTO supply has resulted in a drop in application rates. In 2024, the average application rate among first-time homebuyers for BTO across all flat types was 2.1, compared to the pre-pandemic rate of 3.7 in 2019. The average first-timer application rate last year for three-room and larger flats was 2.2, down from 4.0 in 2019.

HDB will continue to release a steady pipeline of flats to meet housing demand in the next few years, says Minister Lee. Over 50,000 flats will be launched between 2025 and 2027, bringing the total to about 130,000 flats from 2021 to 2027.

Out of the 19,600 new flats in 2025, about 3,800 flats will be Shorter Waiting Time (SWT) flats of less than three years. This is a boost from the 2,876 SWT flats offered in 2024 and more than the committed annual supply of 2,000 to 3,000 SWT flats. This increase in SWT flats will also provide more options for buyers and may attract some demand away from the resale market.

Before making any decisions about investing in a Singapore Condo, it is crucial to carefully consider the property cooling measures implemented by the Singaporean government. These measures play a significant role in regulating the real estate market and discouraging speculative buying. Over the years, the government has introduced various measures such as the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on both foreign buyers and those looking to purchase multiple properties. While these measures may initially affect the short-term potential profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a more secure investment environment for individuals interested in investing in a Singapore Condo. Therefore, it is crucial to carefully consider these government regulations when making any investment decisions. It is essential to keep in mind that these measures are in place to protect the market and maintain a fair balance for all investors. Hence, taking these government regulations into account is vital when contemplating investing in a Singapore Condo.

Moreover, about 7,000 HDB flats will reach their five-year minimum occupation period (MOP) in 2025, making it the lowest supply of such resale flats since 2015. Minister Lee estimates that with HDB pushing out more BTO and SBF flats to meet the demand, this will offer more choices for buyers and stabilize the resale market. The larger flat supply and SWT flats will also address the shortfall in MOP flats.

Huttons Asia’s senior director of data analytics, Lee Sze Teck, estimates that HDB resale flat transactions in 2025 will range between 26,000 and 28,000, lower than the 28,876 units recorded last year. Resale flat prices are expected to grow at a slower pace of 5% to 8% this year, compared to the 9.6% increase reflected in HDB’s flash estimate for 2024.…