Condo Russian Remote

Investing in a condo in Singapore offers a multitude of benefits, making it a highly attractive option for investors. Not only is there a high demand for condos in the country, but there is also potential for capital appreciation and attractive rental yields. However, as with any investment, careful consideration is crucial. Factors such as location, financing options, government regulations, and market conditions must be thoroughly researched and professional advice should be sought. By taking these steps, investors can make informed decisions and maximize their returns in the ever-changing real estate market of Singapore. If you’re a local investor looking to diversify your portfolio or a foreign buyer searching for a stable and profitable investment, Singapore Condos present a compelling opportunity. With its dynamic real estate market, the addition of Singapore Condo can greatly enhance your investment portfolio.

The Real Estate Developers’ Association of Singapore (Redas) has recently elected its new management committee for a two-year term. On January 9, at the Annual General Meeting, Tan Swee Yiow, Chairman of Keppel Reit Management, was unanimously re-elected as President for his second consecutive term.

In response to his re-election, Tan expressed his gratitude, saying that it is an honor to be chosen by his peers again. He also mentioned that the new management committee has a diverse representation of sectors, scales, and expertise within the real estate industry.

The new management committee comprises of Immediate Past President Chia Ngiang Hong, Group General Manager of City Developments; First Vice President Kwee Ker Wei, Director of Pontiac Land Group; Second Vice President Marc Boey, Executive Director of Project Services at Far East Organization; Honorary Secretary Chong Hock Chang, Group Director of Projects and Marketing at Ho Bee Land; Honorary Treasurer Neo Soon Hup, Chief Operating Officer of UOL Group; Honorary Assistant Secretary Chew Peet Mun, Managing Director of Investment and Development at CapitaLand Development Singapore; and Honorary Assistant Treasurer Tho Leong Chye, Managing Director of Allgreen Properties.

This event also saw Chia Ngiang Hong, Immediate Past President of Redas, congratulate the newly elected management committee. He recognized Tan’s outstanding leadership and the trust placed in him by the Redas community.

In addition, Tan expressed his belief that the diversity of the new management committee will enable Redas to drive impactful initiatives for the built environment ecosystem. He also mentioned that the new committee is well-equipped to effectively address the challenges faced by the industry.

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Several developers have suggested introducing separate zoning for land use to cater to the projected demand for senior accommodation in Singapore.…

A unit at The Arcadia measuring 3,767 sq ft was sold for the highest profit during the last three weeks of December, from Dec 10 to Dec 31. The owner of the four-bedroom unit situated on the seventh floor had a very happy New Year as he gained a profit of $3.25 million (217%) when the property was sold for $4.75 million ($1,261 psf) on Dec 10. According to records, the unit was originally purchased for $1.5 million ($398 psf) back in 1998. This resulted in a yearly profit of 4.5% over the course of 26 years.

In total, there were five units at The Arcadia that were sold last year, ranging from 3,714 sq ft to 3,821 sq ft. These units earned profits ranging from $60,000 to $3.25 million. Although not as high, the sale of a 3,778 sq ft unit on the fourth floor that fetched $4.6 million ($1,218 psf) on Oct 10 last year still provided the seller with a profit of $60,000.

When purchasing a condo, it is crucial to take into account the property’s upkeep and management. Usually, condos have maintenance fees that encompass the maintenance of shared areas and amenities. Although these fees may increase the total ownership cost, they also guarantee the property’s good condition and value retention. By hiring a property management company, investors can entrust the daily management of their condos to professionals, making it a more hands-off investment. Also, be sure to check out New Condo Launches for potential investment opportunities.

The most profitable single transaction at The Arcadia was the sale of a 7,503 sq ft penthouse on the 10th floor for $10 million ($1,333 psf) in 2010. This unit was originally purchased for $5.5 million ($733 psf) in 2007, resulting in a profit of $4.5 million (81%), equating to an annual profit of around 19% over the span of three years.

The Arcadia is a 99-year leasehold condo located along Arcadia Road in prime District 11. It was completed in 1983 and has approximately 54 years remaining on its land tenure. The property is surrounded by exclusive landed estates and Good Class Bungalows, and is also in close proximity to top schools such as Raffles Girls Primary School, Hwa Chong Institution, and National Junior College.

The second most profitable resale that took place in the last three weeks of December 2024 was at Tanglin Hill Meadows, where a 2,077 sq ft unit was sold for $4.5 million ($2,166 psf) on Dec 10. The three-bedder was originally purchased for $1.8 million ($866 psf) in 1999, resulting in a profit of $2.7 million (150%) for the seller. This equates to an annualised profit of 3.6% over the course of 26 years, making it the most profitable transaction at Tanglin Hill Meadows to date. By comparison, the previous record was set in 2010, when a 2,002 sq ft unit was sold for $3.73 million ($1,863 psf), earning the seller a profit of $2.28 million (157%). This particular unit was purchased for $1.45 million ($724 psf) in 2005, resulting in an annualised profit of around 21% over a period of five years.

Tanglin Hill Meadows is a freehold condo situated along Tanglin Hill in prime District 10. It comprises 20 units and was completed in 1997. It is nestled within the Ridley Park Good Class Bungalow Area.

At another condo development, Seascape, located in Sentosa Cove, losses continue to mount. On Dec 18, the seller of a 2,174 sq ft unit on the seventh floor incurred a loss of $1.97 million (33%) when the unit was sold for $3.98 million ($1,830 psf). The seller had originally bought the unit for $5.95 million ($2,736 psf) back in 2011. As a result, the seller incurred an annualised loss of 2.5% over the course of 13 years.

This sale marks the third resale transaction at Seascape last year, all of which recorded losses ranging from $1.75 million to $2.53 million. The transaction that resulted in the $2.53 million loss was also the second-largest loss-incurring resale transaction for 2024. This particular sale involved a 2,680 sq ft unit that was sold for $4.5 million ($1,679 psf) on Aug 14, 2024.

Completed in 2012, the 151 units at Seascape face the South China Sea. The eight-storey development comprises of three-bedroom and four-bedroom units measuring 2,164 sq ft to 4,069 sq ft. Penthouses range from 3,380 to 4,252 sq ft in size, while sky villas measure from 6,631 to 9,666 sq ft.…

A luxurious Good Class Bungalow (GCB) located at Victoria Park has recently been listed on the market for a jaw-dropping $61 million. This seven-bedroom bungalow, which boasts modern and sleek design elements, was completed just three years ago. It is nestled at the end of Victoria Close, a private cul-de-sac consisting of only 10 other houses.

According to Jervis Ng, associate group district director at PropNex Realty and the appointed agent for the sale of this GCB, the number of homes in this exclusive enclave is tightly regulated, in line with the guidelines set for designated GCB zones in Singapore. This means that the property’s surrounding lush greenery and serene surroundings will be preserved, making it exceedingly desirable for ultra-high-net-worth individuals and their families.

Ng, who is also the founder of JNA Real Estate, a property team under PropNex, revealed that the return of new naturalised Singaporeans into the GCB market has had a positive effect on buying sentiment. He believes that this GCB will particularly appeal to the increasingly affluent class of new Singaporeans who grew up in countries such as China, India, or Indonesia and are now seeking a prestigious home in Singapore.

The prestigious Victoria Park GCB area has already attracted renowned residents, including Jack Ma, the influential business magnate and co-founder of Alibaba Group, as well as Tang Wee Kit, a prominent figure in the Tang family known for establishing Tangs department store.

Furthermore, Ng also highlighted that the GCB for sale has been impeccably maintained, hence it retains its exquisite and pristine condition. The bungalow features a contemporary interior design, with high-end materials and finishes throughout.

From the spacious dining area to the chic bar counter, the property has been thoughtfully designed to accommodate grand entertaining. The owners worked closely with the architect to make efficient use of the expansive 18,988 sq ft land area. Additionally, the GCB boasts a total built-up area of 25,300 sq ft, which includes seven en suite bedrooms, three helpers’ rooms, and a basement carpark with ample space for up to seven cars. The basement also houses an entertainment room that doubles up as a home cinema, a private gym, and an inviting 20m lap pool.

When purchasing a condominium, it is imperative to factor in the maintenance and management of the property. Condos usually require a maintenance fee to cover the maintenance of shared areas and amenities. While this may increase the expenses of owning the property, it guarantees that the unit maintains its value and remains in good condition. Consider hiring a property management company to handle the daily management of the condo, allowing for a more hands-off approach to investing. Check out Singapore Projects for more options.

The GCB sits atop a hill, offering breathtaking views of the surrounding low-rise neighbourhood. Ng mentioned that there have been few resale transactions in the Victoria Park GCB area in recent years. According to property records, the land on which the GCB for sale stands was purchased for $18.2 million in September 2016, translating to a land rate of $959 psf. The most recent transaction along Victoria Park Close was for a 15,253 sq ft plot that was sold for $28.33 million in May 2021, at a land rate of $1,857 psf. Prior to that, a 29,956 sq ft plot was bought for $40 million ($1,335 psf) in April 2017. Along Victoria Park Road, the last recorded GCB sale was for a 32,077 sq ft site that fetched $48 million ($1,496 psf) in November 2011.

Ng predicts that the GCB market will continue to perform well this year, driven by stabilising factors such as expected lower interest rates, sustained demand from ultra-high-net-worth buyers and the limited supply of GCBs. He anticipates a 10% to 15% increase in GCB transaction volume from last year, assuming no major external economic disruptions. In 2020, there were 35 GCB transactions, amounting to a total of $1.32 billion in transaction volume, surpassing the previous record of $1.186 billion set in 2019.…

”ETC, a well-known real estate advisory firm in the local market, has announced that it will now be known as ETC with immediate effect. The company has also revealed a fresh, new logo as part of its rebranding exercise.

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As a final point, opting to invest in a condo in Singapore can bring about a wealth of benefits. These include a high demand for properties, potential for significant capital appreciation, and attractive rental yields. However, it is crucial to take into account various factors like location, financing options, government regulations, and market trends. Through thorough research and seeking professional guidance, investors can make well-informed decisions and capitalize on the dynamic real estate market in Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a dependable and profitable investment, Singapore Projects offer a compelling opportunity.

According to the CEO of ETC, Desmond Sim, “ETC is a familiar abbreviation for our company among our clients and staff.” This has driven the decision to officially adopt ETC as the company’s new name, showing the importance the company places on its employees’ insights, voices, and ideas.

Sim further explains that the refreshed identity represents the growth and unity of ETC, and signifies the company’s goal to shape the future of real estate in the local and regional market. This rebranding coincides with ETC’s 30th anniversary since its establishment in 1995. With a range of services covering all stages of a real estate asset’s life, from advisory and investment to management and divestment, ETC has become a highly reputable firm in the industry.

The rebranding marks an exciting new chapter for ETC, as it continues to strive towards excellence in the real estate market. ETC’s dedication to delivering value to its clients and employees remains unwavering, and the new name and logo reflect this commitment. Clients can look forward to the same level of professionalism and expertise from ETC, while employees can continue to voice their ideas and contribute to the company’s growth and success.…

A luxurious Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave has been put up for sale through an expression of interest (EOI) exercise, with an indicative price of $60 million. According to a recent press release by marketing agent Cushman & Wakefield, this translates to approximately $2,742 per square foot (psf), taking into consideration the land area of 21,881 square feet.

Executive Director of Capital Markets at Cushman & Wakefield, Shaun Poh, states that the freehold plot is situated on elevated ground, making it ideal for redevelopment. “This is the perfect opportunity for buyers who envision their dream multi-generational home from scratch, or for developers looking to create a luxurious, state-of-the-art GCB for discerning individuals.”

The property boasts a prime location next to the famous Singapore Botanic Gardens, and is just a short drive away from the bustling shopping belt of Orchard Road. It is also conveniently situated near renowned schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St. Joseph’s Institution, and Hwa Chong Institution.

When considering investing in a condo, it is important to carefully assess its potential rental yield. This refers to the annual income that can be generated from renting out the condo, in relation to its purchase price. In Singapore, the rental yields for condos can vary significantly, depending on factors such as location, property condition, and current market demand. Generally, areas near business districts or educational institutions tend to have higher rental yields due to the high demand for housing. It is essential to conduct thorough market research and seek guidance from reputable real estate agents in order to accurately evaluate the rental potential of a particular condo. Adding Condo to the end of the paragraph would give the reader a better understanding of the topic.

Poh also notes, “The highly coveted neighbourhood is a magnet for ultra-high net worth individuals, as evidenced by recent transactions in the surrounding areas of Nassim Road and Tanglin Hill, where record-breaking land rates of $4,500 psf and $6,200 psf were recorded respectively.”

The EOI for this extraordinary property will close on February 11th at 3pm, presenting a rare opportunity for interested parties to own a piece of prestigious real estate in one of Singapore’s most sought-after enclaves.…

Singapore buyers will have the opportunity to explore a luxurious residential development in New York during the weekend of Jan 11 and 12. The development, 720 West End Avenue, is located in the prestigious Upper West Side of Manhattan and offers a total of 131 residences, ranging from one- to five-bedroom homes, townhouses, duplexes, and penthouses with private terraces. The units boast spacious sizes, from approximately 500 sq ft to an impressive 3,700 sq ft. Prices for the units start at US$1.015 million ($1.38 million) for a one-bedroom residence.

Originally designed by renowned New York architect Emery Roth in 1927 as the Hotel Marcy, the 17-storey building has been transformed into a stunning pre-war redevelopment. Retaining its Renaissance Revival-style façade, the developers, Glacier Equities and InterVest Capital Partners, have meticulously restored the intricate architectural details. Two new floors have also been added to accommodate the luxurious penthouse duplexes. The interiors of the building have been completely revamped by renowned designer Thomas Juul-Hansen.

Acquiring a Condo in Singapore presents various advantages, one of which is the potential for substantial capital appreciation. Singapore is a bustling global business center with a robust economy, making it a highly sought-after destination for real estate investments. As a result, the demand for properties remains constant, leading to a steady rise in property values, particularly for Condos situated in prime locations. For those who enter the market at the opportune time and hold onto their Condos for a significant period, significant profits can be reaped in the form of capital gains. With Condo investments, individuals can tap into the thriving real estate market in Singapore and potentially reap substantial returns.

The development offers an array of impressive amenities, totalling over 30,000 sq ft. These include a fitness centre, private bar and dining room, library and co-working spaces, outdoor terraces and courtyards, private parking, and bike storage.

Singapore-based Savills will be presenting the development to potential buyers on Jan 11 and 12, at the voco Orchard Hotel. The event will also feature a seminar on the New York real estate market at 3pm on both days.…

When it comes to investing in condos in Singapore, one must also take into account the government’s property cooling measures. Over the years, the Singaporean government has implemented several measures to control speculation and maintain a steady real estate market. These measures involve the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreigners and those buying multiple properties. While 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. Furthermore, keeping up with new condo launches can also aid in making informed decisions about condo investments in Singapore.

Ayana Bali, a 90ha integrated resort in Bali, Indonesia, recently introduced Alamanda Tower, a new residential offering featuring 26 one- and two-bedroom apartments available for long-term lease. This latest addition is part of Ayana Residences, a collection of residential properties within the larger Ayana Bali estate. Located along the scenic coastline of Jimbaran Bay, Ayana Bali boasts four hotels, a renowned spa, a golf course, a secluded beach, versatile event venues, and an impressive selection of 30 dining options. Residents of Alamanda Tower will have access to a range of exclusive facilities, including three rooftop pools and a community center with a gym, lap pool, and sauna/steam room. Other services tailored for residents include a dedicated concierge team, bi-weekly housekeeping, a buggy service within Ayana Bali, and discounts for dining and select spa services.AdvertisementThe one-bedroom residences at Alamanda Tower span 1,173 square feet and are available for rent starting at approximately IDR70 million ($5,896) per month. Two-bedroom units without a pool measure 1,647 square feet and are offered from approximately IDR100 million per month, while two-bedroom units with a private pool range from 2,045 to 2,648 square feet and start at IDR120 million per month. Also part of the Ayana Hospitality portfolio, Ayana Bali is managed by Indonesia’s leading hotel group and also operates properties in Jakarta and Labuan Bajo.…

Surbana Jurong Group, a leading international consulting firm for urban and infrastructure development, has announced the appointment of Professor Cheong Koon Hean to its board of directors. The company believes that her extensive experience and expertise will further enhance their ability to provide innovative, resilient and sustainable solutions for the built environment.

In recent years, many investors, both from within Singapore and abroad, have been drawn to the idea of investing in a condo in this thriving city-state. The reasons for this are numerous, including Singapore’s strong economy, stable political climate, and excellent quality of life. The country’s real estate market is ripe with promising opportunities, and its condo sector, in particular, stands out for its convenience, facilities, and potential for attractive returns. Let’s delve into the various advantages, considerations, and steps involved in investing in a condo in Singapore, with a focus on Singapore Projects for added insight.

According to a press release on January 6, Cheong served as the CEO of the Housing & Development Board (HDB) from 2010 to 2020, and was previously the CEO of the Urban Redevelopment Authority (URA) from 2004 to 2010. She currently holds the position of Chair at the Lee Kuan Yew Centre for Innovative Cities and is a Professor of Practice at the Singapore University of Technology and Design. She is also the Chairman of the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

In addition to her roles at Surbana Jurong, Cheong also serves on the boards of the National University of Singapore and CapitaLand Group. She is also Singapore’s non-resident ambassador to Finland.

Cheong’s appointment comes at a crucial time when sustainability and innovation are key drivers for the future of the built environment. With her vast experience and leadership, Surbana Jurong is confident that she will play a vital role in driving the company’s vision of creating smart and sustainable buildings by 2025, ultimately contributing to a greener future.…

River Valley Apartments, a four-storey freehold condominium located on River Valley Road in prime District 10, has been put up for collective sale by public tender. According to a press release from the exclusive marketing agent, Knight Frank Singapore, the development is being priced at $56 million.

The apartment, which consists of 24 units and was built in the 1950s, sits on a 12,408 sq ft plot of land zoned for residential use with a gross plot ratio of 2.8. It is conveniently situated around 500m from the upcoming Great World MRT Station on the Thomson-East Coast Line. Its convenient location also provides easy access to various amenities such as Great World City and Valley Point Shopping Centre. For families with young children, River Valley Primary School and Alexandra Primary School are within a 1km radius.

The site has potential for redevelopment into a boutique residential development with 37 units, with an average size of 915 sq ft each. The guide price of $56 million translates to a land rate of approximately $1,622 psf per plot ratio (psf ppr) including a nominal land betterment charge. With the 7% bonus gross floor area allowed for balconies, the price comes to approximately $1,583 psf ppr.

Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore, notes that the site is in close proximity to three Government Land Sale (GLS) sites that were successfully sold last year. In April 2024, Zion Road (Parcel A) was awarded to a joint venture between City Developments and Mitsui Fudosan for $1.107 billion ($1,202 psf ppr). In June 2024, a GLS site at River Valley Green was acquired by Wing Tai Holdings for $463.99 million ($1,325 psf ppr). Two months later, Allgreen Properties secured the Zion Road (Parcel B) site for $730.9 million ($1,304 psf ppr) in August.

Chia adds that despite the lacklustre home sales activity in the Central Region, the interest in the River Valley and Zion Road location demonstrates that developers are still drawn to this area. This could be due to the belief that there will be strong demand for prime properties once these projects are ready for launch, after a period of subdued sales activity.

Singapore’s urban setting is easily identified by towering skyscrapers and contemporary infrastructure. Among these prominent structures are condos, strategically situated in prime locations, that offer a perfect combination of opulence and convenience. These sought-after residential properties cater to the preferences of both locals and expats. They boast an array of exceptional amenities, including lavish swimming pools, state-of-the-art gyms, and top-notch security services, elevating the overall living experience. Such attractive features not only make these condos highly appealing to potential tenants and buyers, but also present lucrative opportunities for investors in terms of rental yields and long-term property appreciation. Along with this, Singapore Projects have further elevated the urban landscape, offering a diverse range of modern and well-designed developments that add to the city’s charm.

Based on Knight Frank’s estimates, owners of the units at River Valley Apartments, which range from 947 to 1,238 sq ft, stand to receive minimum sale proceeds of around $2 million to $2.6 million if the development is successfully sold.

The collective sale tender for River Valley Apartments will close on Feb 18 at 3pm. Interested parties can check out the latest listings for River Valley Apartments properties on the market. Potential buyers can also use the “Ask Buddy” feature on EdgeProp to get more information about the development.

For those interested in the past rental and sales transactions at River Valley Apartments, EdgeProp’s “Condo projects with most profitable transactions” and “Past condo rental transactions” features are useful tools to navigate through the data. Additionally, users can also check out the latest transactions and price trend chart for the development.

Potential buyers can also explore other profitable transactions and rental data for condominiums in District 10, and use EdgeProp’s “Condo projects with most profitable transactions” and “Past condo rental transactions” features for more insights. To get a better understanding of the price trend for River Valley Apartments, check out EdgeProp’s “Price trend chart for River Valley Apartments” page.…

URA has given the green light for the voluntary conservation of Golden Mile Tower, which would be implemented if the 99-year leasehold property is successfully sold in a collective sale and redeveloped by a developer.

According to documents obtained by EdgeProp Singapore, the government has expressed that if the developer chooses to conserve the existing cinema block, the site’s allowable gross plot ratio (GPR) can be increased from 4.46 to 5.6, based on the current site area of 93,902.5 sq ft.

This increase in GPR will also result in a higher allowable gross floor area (GFA) of 525,854 sq ft, a substantial increase from the current GFA of 419,142 sq ft. In addition, voluntary conservation will also allow for a higher maximum building height of 164m, compared to the current limit of 145m.

Most recently, the owners of Golden Mile Tower attempted to sell the property en bloc in August last year, with a reserve price of $556 million. This was the third collective sale attempt in order to redevelop the 99-year leasehold property.

According to Anna Tan, business development director at Tag Realty, the marketing agent for the collective sale of Golden Mile Tower, the reserve price for the 99-year leasehold development remains unchanged. This translates to a land rate of $1,350, which includes the cost of renewing the land tenure but does not include land betterment charges.

Evaluating the rental yield is a crucial factor to consider when contemplating a condo investment. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condo rental yields can greatly vary, depending on various factors such as location, property condition, and market demand. Generally, areas with high rental demand, like those near business districts or educational institutions, tend to offer better rental yields. It is essential to conduct thorough market research and seek advice from real estate agents who can offer valuable insights into the rental potential of a specific condo. For updated information on rental yields and New Condo Launches, consulting with reputable sources is highly recommended.

“The increase in building height control under the voluntary conservation options opens up opportunities for developers to reimagine the property with a striking skyline presence. It also means that commercial and hotel spaces in the new development could feature 5m floor-to-ceiling heights, while residential units could offer 3.6m ceiling heights,” says Tan.

The approval for the voluntary conservation of Golden Mile Tower is significant as the neighboring Golden Mile Complex, now restored as Golden Mile Singapore, was gazetted for conservation in 2021.

Golden Mile Singapore is a joint development by Perennial Holdings and Far East Organization, with the commercial units launched in December last year. The new residential units, located in a 45-storey tower, are expected to be launched this quarter.

“This is a rare opportunity to redevelop Golden Mile Tower in light of the limited land supply along Beach Road and the potential price increase due to rejuvenation efforts such as the launch of Golden Mile Singapore and the neighboring Kallang Alive masterplan,” says Tan.

She adds that the redevelopment of Golden Mile Tower presents an opportunity to develop a new mixed-use property in a prime location along Beach Road. The building’s heritage and future potential make it a unique investment opportunity for both local and international investors.…