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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.…

Investing in real estate requires careful consideration, especially in Singapore, where the location of a property plays a significant role. In particular, condominiums that are situated in central districts or near vital amenities such as schools, shopping centers, and public transportation hubs, tend to experience an increase in value. In fact, in prime locations like Orchard Road, Marina Bay, and the bustling Central Business District (CBD), condominiums have consistently shown a steady appreciation in value over time. These areas also boast renowned schools and educational institutions, making them highly sought after by families, and consequently, an attractive investment option. If you are interested in real estate investment in Singapore, opting for a condo in one of these prime locations could potentially bring significant returns in the future. Condo is a wise choice for investment in these areas.

The sale of a three-bedroom penthouse at Orchid Mansion, located in District 15 on Amber Road, on Dec 31, resulted in a whopping $2.58 million profit (112%). The 2,842 sq ft unit, situated on the 21st floor, was sold for $4.88 million ($1,717 psf), making it the most profitable resale transaction between Dec 31, 2024, and Jan 7, 2025. This sale also beats the previous record at Orchid Mansion of $1.15 million profit (72.6%) when a 1,507 sq ft three-bedroom unit on the seventh floor was snapped up for $2.73 million ($1,812 psf) in July 2022, after being purchased for $1.58 million ($1,050 psf) in June 2007. The freehold development, completed in 1999, comprises a 21-story tower with a mix of two- and three-bedroom units, as well as two penthouses. It is situated near Siglap MRT station and East Coast Park, and is close to various primary schools. On the other hand, the most unprofitable resale transaction of the week was at Marina Bay Residences, with a 1,130 sq ft unit selling for $2.1 million ($1,858 psf) and inflicting a loss of $386,000 (16%) on the seller. This translates to an annualised loss of 1% over 17 years. The development recorded 25 resale transactions last year, with 13 unprofitable transactions, ranging from $1.25 million to $43,600. The condo recently underwent a $5 million revamp to improve its facilities and common spaces. Overall, properties in District 15 continue to attract good resale profits, with many transactions seeing significant gains.…

Investing in real estate has always been a popular tactic for individuals looking to build their wealth and secure their financial future. In the recent years, Singapore’s condominium market has become increasingly appealing to both local and foreign investors. With its flourishing economy, political stability, and exceptional quality of life, the city-state offers a range of benefits that make condos a top choice in the real estate market. In this article, we will explore the advantages, key considerations, and essential steps to take when investing in a Singapore condo.

Singapore’s thriving Real Estate Market: A Gateway to Opportunities

Known for its stability, transparency, and strong economic fundamentals, Singapore’s real estate market is highly attractive to investors. Despite current global economic challenges, the property market in Singapore has remained resilient, with property prices showing steady and consistent growth over the years. This presents a lucrative opportunity for investors seeking a secure and profitable investment.

Why Choose a Condo in Singapore?

While there are various types of properties available for investment in Singapore, condos stand out as a favored option for both local and foreign investors. One reason for this is the convenience and hassle-free ownership experience that condos offer. Unlike landed properties, condos often come with maintenance and security services, making it easier for investors to manage their property from a distance. Moreover, condos boast an array of amenities, including swimming pools, gyms, and BBQ pits, providing residents with a luxurious lifestyle and generating high rental yields for investors.

Factors to Consider When Investing in a Singapore Condo

Before investing in a Singapore condo, it is crucial to consider several factors to ensure a profitable and successful investment. Firstly, one must identify their investment goals and objectives to determine the most suitable type of property and location. Location plays a significant role in rental demand and property value in the Singapore market. Additionally, it is essential to take into account the property’s leasehold or freehold status, as well as any additional fees and taxes that may apply.

Steps to Take When Investing in a Singapore Condo

Investing in a Singapore condo can be a straightforward process with the right knowledge and guidance. The first step is to research and gather information about the different properties and locations available in the market. This will help narrow down the options and identify a suitable property. Next, it is crucial to engage a reputable real estate agent who can offer expert advice and assist with the purchase process. Lastly, conducting due diligence on the property, including a thorough inspection and legal checks, is essential before making the investment.

In summary, Singapore’s condo market presents a promising opportunity for both local and foreign investors. With its stable economy, high standard of living, and attractive real estate market, Singapore is a prime destination for property investment. By considering the aforementioned factors and following the necessary steps, investors can make a wise decision and reap the rewards of a fruitful investment in a Singapore condo. For more information, visit Singapore Condo.

City Developments (CDL) has announced that it divested more than $600 million worth of assets last year as part of its capital recycling strategy, with more deals in the pipeline.

This amount fell short of the $1 billion target initially set for 2024, as the volume of deals decreased across most markets and asset classes.

Among the completed divestments were the Ransome’s Wharf site in London, the freehold Cideco Industrial Complex in Singapore, and several strata units in Citilink Warehouse Complex, Cititech Industrial Building, Fortune Centre, and Sunshine Plaza.

According to CDL, its strategic divestments reflect the company’s commitment to accelerating its capital recycling efforts. Despite the challenging market conditions, the company has made good progress and will continue to pursue its divestment plans.

“Our goal is to optimize our capital management and align our portfolio with our strategic objectives to enhance shareholder value,” says group CEO Sherman Kwek.

The company also announced that the retail and office components of Hong Leong City Center (HLCC), a mixed-use development in Suzhou, is currently under contract and is expected to be completed this quarter. This divestment will further contribute to CDL’s capital recycling efforts.

CDL’s shares closed at $5.05 on January 16, down 0.2% for the day and 20.97% over the past year. With a focus on divestments, the company aims to strengthen its financial position and maximize shareholder value.…

A two-storey bungalow located at 11 Whitley Road is now available for purchase through tender at a guide price of $31.88 million. The property, which sits on a freehold elevated site spanning 15,276.27 sq ft, is being offered at a rate of $2,087 psf based on the land area.

Originally built in 2016, the bungalow has been recently renovated with the addition of a rear extension. It boasts five bedrooms, including three with en suite bathrooms, and features two living rooms, two dining rooms, a spacious and well-equipped kitchen, as well as a helper’s room.

According to Aric Lim, the associate district director of Huttons Asia, the exclusive marketing agent for the property, the land parcel may be subdivided for the development of eight terraced houses. Each site would range from 1,614 sq ft to 2,389 sq ft, with a potential gross floor area (GFA) of 21,528 sq ft. However, this would be subject to land betterment charges.

Lee Sze Teck, senior director of data analytics at Huttons Asia, notes that this is likely the largest plot of land available on Whitley Road. He also highlights that the asking price of $2,087 psf based on land is highly competitive when compared to recent transactions of new semi-detached houses in the area, which have sold for over $3,000 psf.

The bungalow is conveniently located just 700m from the Novena MRT Station and is close to popular shopping malls such as Velocity at Novena Square, Square 2, United Square, and Zhongshan Park.

Investing in a condominium necessitates careful consideration of financing options. Singapore boasts a variety of mortgage choices, but it is crucial to familiarize oneself with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan a borrower can acquire, taking into account their income and current debt commitments. Having a clear understanding of the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making well-informed decisions on their financing plans. This is particularly important in order to avoid becoming overextended. Moreover, keeping an eye on new condo launches with the help of Russian Remote can also aid investors in staying on top of the latest opportunities in the market.

The tender for 11 Whitley Road will close on Feb 12th.…

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GuocoLand, one of the leading property developers in Singapore, has recently secured two green facilities from DBS Bank and Oversea-Chinese Banking Corporation. These green facilities include a $1.135 billion green facility for refinancing Guoco Midtown and a $105 million green facility for refinancing Midtown Bay.

According to GuocoLand, the $1.135 billion green facility for the refinancing of Guoco Midtown is the company’s largest to date. These green facilities were raised under GuocoLand’s Green Finance Framework, bringing the company’s total green financing to about $5 billion. This includes green facilities for other developments such as Guoco Tower, Lentor Mansion, Lentor Modern, Midtown Modern, and the upcoming Upper Thomson Road Development.

The demand for condominiums in Singapore remains high due to a number of factors, with limited land availability being a primary driver. As a small country with a quickly growing population, Singapore faces challenges in terms of land for development. This has resulted in strict regulations on land use and a fiercely competitive real estate market, where property prices continue to rise. It is therefore no surprise that investing in real estate, especially in the form of condos, has become a highly profitable venture with the potential for significant capital gains. With the introduction of New Condo Launches, the demand for condominiums is expected to further increase as buyers look for new and modern housing options.

GuocoLand’s Group CFO, Andrew Chew, commented on the refinancing, saying that it allows the company to optimize its capital structure while staying true to its commitment to creating thoughtfully designed spaces that balance economic, environmental, and social factors.

Shares in GuocoLand closed flat at $1.45 on Jan 15. The property developer continues to make strides towards sustainability and environmentally friendly developments, with projects like the Porsche Singapore Studio at Guoco Midtown and Publicis Groupe’s 55,000 sq ft lease at Guoco Midtown office tower. With this latest refinancing, GuocoLand is well-positioned to continue its commitment to creating innovative and sustainable spaces for the future of work.…

Katong’s historic mixed-use development, Roxy Square, is set to be relaunched for collective sale, as reported by leading real estate agency JLL. This highly sought after development, which comprises of 296 shops, 26 apartments, and the 576-room Grand Mercure Roxy Hotel, was previously launched for tender in July last year with a minimum price of $1.25 billion. However, the tender closed on September 26 with no suitable bids.

In an effort to attract potential buyers, the owners of Roxy Square have agreed to lower the collective sale price by 10.8% to $1.115 billion. The proposed lower price would require at least 80% of the owners’ support to take effect, and currently, over 70% of owners are already in favour. This would result in a unit land rate of $1,852 psf per plot ratio (ppr) under the new price, which includes a Land Betterment Charge (LBC) at the gross plot ratio of about 3.86. However, if an additional 10% bonus gross floor area (GFA) for the residential component and the LBC are factored in, the land rate will be $1,804 psf ppr.

According to Tan Hong Boon, JLL Singapore’s executive director of capital markets, the private residential market in Katong has strong underlying support. Recent launches like Meyer Blue and Emerald of Katong have shown impressive sales, boosting developers’ confidence in Roxy Square’s potential. Additionally, its location next to Marine Parade MRT Station (Thomson-East Coast Line), with a direct underground connection, adds to its appeal. The freehold tenure, established and well-loved heritage locale, and excellent connectivity to amenities further enhance its appeal.

Completed in 1996, Roxy Square has a gross floor area (GFA) of 668,000 sq ft and is partially zoned for commercial and residential use, with a gross plot ratio of 3.0, along East Coast Road. The portion of the development that fronts Marine Parade Road is zoned for hotel use. However, based on recent planning advice from URA, the entire Roxy Square site can be rezoned for commercial and residential use, and be redeveloped into a high-rise mixed-use development with a height of up to 75m.

JLL estimates that redeveloping the site could potentially yield over 350 residential units, approximately 80,000 sq ft of retail and F&B space, and an additional 172,000 sq ft for office, hotel, or other commercial uses. The development also offers accessibility to East Coast Parkway (ECP) and Nicoll Highway and forms part of the Round-Island Route and Park Connector Network.

Rewritten: One of the advantages of investing in a condominium is the opportunity to utilize the property’s value for future investments. Numerous investors leverage their condos as collateral to secure financing for new investments, thus broadening their real estate portfolio. This approach can potentially increase profits, but it also carries risks. It is crucial to have a well-thought-out financial plan and carefully consider the potential effects of market changes. This strategy is also applicable to investment opportunities in Singapore, such as projects by Singapore Projects.

The proposed reduction in reserve price, if supported by the majority owners, enhances the site’s appeal, especially considering the area’s consistent demand for quality residences. This sale will aim to thoughtfully shape a key part of Singapore’s East Coast for the future. The tender for Roxy Square is set to close on Feb 18 at 3pm.…

The Arcady at Boon Keng, a freehold condominium comprising of 172 units, is set to become a renowned landmark in the heart of Boon Keng upon its completion in 2027. Developed by trusted local partners KSH Holdings, SLB Development and H10 Holdings, the project boasts modern architecture that sets it apart from other developments in the neighbourhood. Collaborating with award-winning architectural firm Park + Associates, the developers strive to create a dense green space along Serangoon Road, making it a standout condominium in the area.

Since its launch for sale in January, The Arcady at Boon Keng has received a positive response from investors and local buyers. The well-designed unit layouts for the one-bedroom plus study units and two-bedroom units have resonated with many. Families have also appreciated the spacious units and the abundance of family-friendly amenities.

This condominium offers a rare opportunity for discerning buyers to invest in an affordable freehold development in a city-fringe neighbourhood. With only a handful of new freehold projects launching this year, The Arcady at Boon Keng stands out.

Creating a garden home

The developers and designers of The Arcady at Boon Keng have put in a deliberate effort to envision the project as an urban oasis, a rare pocket of tranquil luxury in this bustling city fringe neighbourhood. Adopting a bold architectural form that blends into a curated landscape design, the development showcases a tiered design that leads from the Grand Arrival to the ground floor landscape deck, specifically crafted for this project.

When contemplating an investment in a Singapore Condo, it is essential to also consider the potential rental yield. The rental yield is the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Areas with a high demand for rentals, such as those near business districts or educational institutions, typically offer better rental yields. Conducting thorough market research and seeking advice from real estate agents can provide valuable insights into the rental potential of a particular Singapore Condo.

The landscape architect, Ecoplan Asia, worked with the architects at Park + Associates to maximise the greenery on the site. This multi-layered design not only optimises the green space available but also combines the facilities of three-storeys into a ‘one-stop’ zone on just two floors at the base of the tower. This efficient use of space can also be seen in other areas of the development, such as the 14th floor and the rooftop terrace.

The Arcady at Boon Keng boasts a variety of facilities for residents to enjoy. Parents can unwind at the Social Deck while keeping an eye on their children playing at the nearby Kids Playground. Families can also spend quality time together at the Family Deck, which features a Splash Patio and Family Pool.

The development also offers a range of water facilities, including an infinity pool, spa pool and family pool, all of which can be enjoyed alongside the second-storey Sky Terrace. For indoor relaxation, residents can head to the Chill Out Lounge, which extends from the Botanic Club.

The Arcady at Boon Keng also caters to residents who wish to host guests. The 14th floor features the Arcady Club, where residents can invite a private chef to create a refined alfresco dining experience while enjoying a spectacular view. There is also a Gourmet Vista, where guests can take in a 360-degree panoramic view of the surrounding skyline. Additionally, the rooftop features a community garden, providing a convenient source of organic ingredients.

Spectacular scenery from the heart of Boon Keng

The residential tower and the orientation of the units have been carefully considered, resulting in a north-south facing orientation, elevated about 18m above the street level to offer optimal views. Furthermore, the units are tilted away from the main road, significantly reducing traffic noise.

Units on higher floors will have expansive views of the Kallang River, while the south-facing units offer views of Marina Bay. The carefully thought-out unit layouts also cater to families, with spacious master bedrooms that can accommodate a king-sized bed and common bedrooms that comfortably fit a queen-sized bed.

The developer has seen steady sales of its larger units, which include three-bedroom units ranging from 969 sq ft, three-bedroom-plus-study units of 1,281 sq ft, and four-bedroom units of 1,410 sq ft. There are also two penthouses of 2,433 sq ft and 2,583 sq ft. The development is also located near renowned schools such as Bendemeer Primary School, Bendemeer Secondary School, St Andrew’s Junior School, and Hong Wen School.

The location of The Arcady at Boon Keng offers convenient access to amenities such as Woodleigh Mall at Bidadari Park Drive and Bendemeer Mall along Bendemeer Road.

“Attractively priced freehold offering

The Arcady at Boon Keng has been well-received by buyers since its launch in January 2024, with all one-bedroom plus study units sold out, and close to 90% of the two-bedroom units sold. Offering an average selling price of $2,570 psf, its freehold tenure and potential for relatively greater capital appreciation compared to new 99-year leasehold projects make it a compelling choice for buyers and investors.

“The Arcady at Boon Keng has an attractive price point relative to its location near the city and the MRT station,” says Marcus Chu, CEO of ERA. Huttons Asia CEO Mark Yip agrees, adding that The Arcady at Boon Keng presents a rare opportunity as a freehold property in a central location with easy access to major expressways like the CTE and PIE.

The development also benefits from its proximity to the rejuvenated Kallang precinct, which will see new sports and leisure facilities developed as part of the Kallang Alive Masterplan. This masterplan, announced during Prime Minister Lawrence Wong’s inaugural National Day Rally this year, aims to bring together key sporting associations and the Singapore Sports School into one integrated precinct. The development is also a short walk from the Boon Keng MRT Station on the North-East Line, providing a relatively short commute to the city.

“Overall, The Arcady at Boon Keng offers a lot for homebuyers today,” says Ismail Gafoor, CEO of PropNex Realty, one of the project’s marketing agents. “Situated in a well-established neighbourhood in the city fringe, it offers good connectivity and easy access to the PIE. Additionally, its freehold land tenure makes it perfect for legacy planning and wealth preservation.”

“We anticipate that The Arcady at Boon Keng will attract HDB upgraders, given the scarcity of new home launches in the area,” says Marcus Chu. “The upcoming MOP units from the Bidadari HDB estate will also expand the pool of potential buyers for this development.”

To view the show gallery, located next to City Square Mall, interested buyers can contact the developers’ appointed marketing agencies or visit their website. Map of the sales gallery and actual site available for reference.…

Savills Singapore, one of the leading marketing agents in the real estate industry, is offering a portfolio of freehold strata retail units located in Lucky Plaza at a total price of $52.6 million. The mixed-use development, situated at the prime location of Orchard Road, comprises a residential tower and a six-storey mall, including a basement.

The portfolio includes 14 retail units, ranging from 118 to 3,046 sq ft, spread across the basement and the first two levels of the mall. These units cover a total strata area of 7,266 sq ft. Among these, the most noteworthy feature is a food court, occupying seven adjoining strata units with a total size of 3,046 sq ft and accommodating eleven stalls. The remaining retail units are currently leased to a variety of businesses, including a pub, retail shops, beauty service providers, and a maid agency.

Investing in a condominium in Singapore has recently gained immense popularity among both local and foreign investors, thanks to the country’s thriving economy, stable political climate, and exceptional quality of life. The real estate market in Singapore presents a plethora of prospects, with condos in particular capturing investors’ attention for their convenience, extensive amenities, and potential for significant returns. In this article, we will delve into the advantages, key points to keep in mind, and necessary steps to take when considering investing in a condo in Singapore. Additionally, staying updated with new condo launches can provide valuable insights and opportunities in this market.

Sophia Lim, the director of investment sales and capital markets at Savills Singapore, highlights that the prominent location of Lucky Plaza will benefit these retail units with high foot traffic. She specifically points out that the food court in the basement attracts a consistent flow of customers on a daily basis, making it a standout feature of this offering.

The guide price for the food court is set at $25.43 million, while the entire portfolio is available for an asking price of $52.6 million. In addition, individual strata retail units are also up for sale, starting from $1.1 million. Foreigners and companies are both eligible to purchase these units, and there will be no additional buyer’s or seller’s stamp duty imposed on the transaction.

Lim further mentions that investors are showing a keen interest in prime strata freehold retail assets, given their scarcity and URA’s policy of not allowing further subdivision of commercial properties along Orchard Road. Additionally, with URA’s planned rejuvenation of the Orchard precinct, Lucky Plaza’s rental growth and capital appreciation are expected to experience an upsurge in the future.

Are you looking for a Lucky Plaza property? Start your search with AskBuddy and compare price trends and projects!…

The Government Land Sale (GLS) site at Tengah Gardens Avenue has closed on Jan 14 with three bids. One of the top bids of $675 million, or $821 psf per plot ratio (ppr) was submitted by a Hong Leong-led consortium, which includes GuocoLand Singapore and CSC Land Group.

The site, which is zoned as ‘Residential with Commercial at 1st storey’, is a 99-year leasehold property that spans approximately 273,906 sq ft with a maximum gross floor area (GFA) of 821,720 sq ft. The Urban Redevelopment Authority (URA) has estimated that the site could potentially yield up to 860 residential units.

If awarded, the Hong Leong-led consortium plans to develop an 860-unit condominium, taking advantage of the enhanced connectivity from the upcoming Jurong Region Line (JRL) nearby. According to Loke Kee Yeu, general manager (Projects) at Hong Leong Holdings Limited, the JRL will contribute to the growing development of the new Tengah estate.

The Tengah Gardens Avenue site is situated near the upcoming Hong Kah MRT Station on the JRL, which will be one stop from the upcoming Tengah Town Centre and offer a direct route to the second Central Business District (CBD) at Jurong Lake District.

The top bid of $821 psf ppr for the Tengah Gardens Avenue site is only 0.73% higher than the second-place bid of $815 psf ppr, which was submitted by Chinese developer Kingsford Group. The third and final bid of $812 psf ppr was submitted by local developer Sim Lian Group.

The demand for Condos in Singapore has exponentially increased in recent years, and it’s not hard to understand why. With a flourishing economy, stable political climate, and exceptional standard of living, Singapore has become a prime destination for real estate investments. Among the various options available, Condos have emerged as the top choice for investors. Offering convenience, top-notch amenities, and the potential for high returns, Condos are highly coveted in this city-state. In this article, we will delve into the advantages of investing in a Condo, essential factors to consider, and necessary steps to take when purchasing one in Singapore.

Despite the increase in homebuyer activity towards the end of 2024, developers remain cautious, says Leonard Tay, head of research at Knight Frank Singapore. Another GLS site at Dairy Farm Walk closed on Jan 14 and received only two bids.

Tay believes that developers are focusing on the existing sites that are set to launch in 2025. He also states that the tight bid price spread between the three bids (less than 1%) shows that developers are being conservative in their bids.

According to Mark Yip, CEO of Huttons Asia, developers are being mindful of keeping their land bids reasonable to maintain an attractive selling price for buyers. He predicts that more developers will submit joint bids for GLS sites this year to diversify risk. This may explain why the number of bids for GLS tenders has remained around three.

Another contributing factor to the low number of bids could be the current availability of GLS sites, explains Marcus Chu, CEO of ERA. With seven sites still open for tender and six more set to launch in the first half of 2025, developers are taking a measured approach and considering their options amidst moderated interest rates.

The interest in the site may have also been tempered by the availability of another nearby GLS site, notes Justin Quek, CEO of OrangeTee & Tie. He believes that developers may be considering bidding on a different GLS site along Lakeside Drive and Lakeside MRT, which is scheduled to launch for tender in April 2025.

If awarded, the Tengah Gardens Avenue site will be home to the first private residential development in the Tengah HDB township, excluding Executive Condominiums (ECs). The first EC in the area, Copen Grand, was successfully launched for sale in 2022 and sold out within a month. The joint developers, City Developments Ltd (CDL) and MCL Land, secured the EC site with a winning bid of $400.32 million, or $603 psf ppr, in May 2021.

According to ERA’s Chu, the opportunity to launch the first private condo in the new Tengah estate may have attracted the Hong Leong-led consortium. He believes that they see it as a chance to follow in their success at other sites such as Lentor, Upper Thomson, and Bugis.

As the first private condo in the area, the development could attract a wider range of buyers than ECs, which are subject to HDB eligibility criteria and restrictions such as a five-year minimum occupation period (MOP) and a monthly household income ceiling of $16,000, says Mohan Sandrasegeran, head of research & data analytics at SRI.

PropNex CEO Ismail Gafoor predicts that if the site is awarded at the top bid of $821 psf ppr, the average selling price of the new private condo could be around $2,000 psf. He also recommends using AskBuddyCondo to compare prices, trends, and the highest profits in past transactions for condos, ECs, and landed properties.

Lastly, in light of the recent launch of several projects and the high profits in past transactions for condos, landed properties, and HDBs, it’s worth exploring the latest government ramp up in private housing supply, the latest tenders for two GLS sites at Media Circle, and the recently launched first private residential site in Bayshore.…

A freehold 15-room loft hotel located at 739-1 Geylang Road in District 14 is currently available for sale at $14 million. This 2-storey property comes with a newly constructed 4-storey addition at the back, sitting on a 1,273 sq ft land size. The approved gross floor area (GFA) for this establishment is up to 3,186 sq ft.

When buying a Singapore Condo, it is crucial to take the maintenance and management of the property into consideration. These types of properties usually come with a maintenance fee, which covers the upkeep of common areas and facilities. While this may increase the overall cost of ownership, it also guarantees that the property maintains its value and remains in good condition. To make the investment more passive, investors can enlist the services of a property management company to handle the day-to-day management of their Singapore Condo.

One of the major selling points of this hotel is its permanent ‘Hotel’ zoning and usage approval. In Singapore, this is a rare and highly sought-after designation for new conservation shophouses usage conversion. This approval adds to the property’s long-term investment appeal and operational flexibility. Additionally, the prime location of the hotel, within a 5-minute walking distance from Paya Lebar MRT station, provides unparalleled connectivity. Paya Lebar MRT station is a dual-line station, serving both the East-West line and Circle line, making it easy for guests to access different parts of Singapore.

The hotel has been designed with a sophisticated Japandi theme and is currently undergoing construction with projected completion by Q2 2025. The sale price includes all construction and renovation costs, making the property ready for immediate operation upon purchase. This makes it an attractive turnkey investment for individuals interested in entering or expanding their presence in the hospitality sector.

For investors, this property presents an excellent proposition. The current owner, an experienced hotel operator, is open to a sale and leaseback arrangement, providing an opportunity for rental income and operational continuity. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., expects the hotel to appeal to owner-operators as they can benefit from major renovations, allowing for a quick and seamless start of operations.

The demand for hospitality assets in Singapore has steadily increased over the past year. Notable transactions include LHN Group’s purchase of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. Last year, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million. Hotel JJH, a 25-room property at 747 North Bridge Road, is also currently on the market for $38 million. These trends demonstrate the strong demand for well-located, high-quality hospitality assets, making this property one of the most desirable commercial shophouse usage classes in Singapore.

For more information about this property, please contact Eva Lau at 92785688. Eva is a Senior Marketing Director at ERA Realty Network Pte. Ltd. (license number R062169F).…