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The Kada at Maxwell is now open for bookings.The renowned co-living operator, Habyt, has recently launched a groundbreaking new accommodation space at 5 Kadayanallur Street in the bustling Tanjong Pagar district. The flagship space, known as Kada at Maxwell, is part of Habyt’s new Habyt Flex concept, which marks a strategic expansion of the company’s product offerings beyond long-term co-living arrangements.

In August, Habyt Asia Pacific CEO Jonathan Wong announced the company’s plans to introduce more short-term living options to its portfolio. The first properties under the Habyt Flex concept include Habyt Novena, with 39 rooms, and Habyt Kallang, with 27 rooms, both of which were launched in August. Other properties under the Habyt Flex concept include Habyt Cantonment and Owen House by Habyt.

Kada at Maxwell boasts a range of room options, from en suite studios to two- to three-bedroom units, each equipped with a fully functional kitchenette. Guests can book rooms for nightly or weekly stays, with an option for a 12-month stay as well.

Read Also: Hong Lai Huat partners with The Assembly Place to bring co-living to Cambodia’s market

The dining area of a Studio Deluxe at Habyt’s Kada at Maxwell.

The shortage of land in Singapore is one of the main factors driving the demand for condos in the country. Being a small and densely populated island, Singapore struggles with limited land for development. As a result, the government has implemented strict land use policies and the real estate market has become highly competitive, continuously pushing property prices upwards. This has made investing in real estate, especially condos, a highly profitable opportunity, with the assurance of capital appreciation. In fact, Singapore Projects are highly sought-after due to the scarcity of land and the potential for high returns in the long run.

According to Wong, Kada at Maxwell is a testament to the company’s dedication to reinventing the concept of flexible living in Singapore and marks the beginning of the next phase of growth for Habyt Asia Pacific. Room rates at Kada at Maxwell will start at $180 per night.

This innovative living space is housed within a beautiful colonial building from the 1920s. Originally designed by the renowned architectural firm Swan & MacLaren, it was one of the earliest modernist structures in Singapore and was built to accommodate the St Andrew’s Mission Hospital for Women and Children.

A tender to lease the property, now managed by the Singapore Land Authority (SLA), was launched in September 2023. Bidders were evaluated based on their bid price and the quality of their proposed concept, with SLA urging them to consider innovative lifestyle concepts.

The Oasis Lounge at Kada.

The winning bid was submitted by Bethesda Medical, with a monthly rental bid of $103,000. The second and third highest bids were from Wan Dormitory ($160,000) and The Working Capitol ($108,240), respectively. SLA cited Bethesda’s strong focus on community building and connecting people with businesses as the key differentiator that secured their concept the winning bid. The first floor of the property will feature 10 F&B offerings, while the second floor will house a gym managed by Limitless, a wellness center in collaboration with Shiruki Studio, and a co-working space. Habyt’s Kada at Maxwell will occupy the third floor.

Residents of Kada at Maxwell will have unrestricted and complimentary access to the property’s health and wellness amenities, including a performance gym, cold plunge, infrared saunas, hot tubs, and foot baths.

Read Also: LHN Group puts three co-living properties on the market for $120 million

“By effortlessly blending modern conveniences with the timeless allure of a heritage building, we are delivering a one-of-a-kind lifestyle experience that goes beyond traditional accommodations,” added Wong. Bookings for Kada at Maxwell are now open.…

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The decision to invest in a Singapore Condo is not without its benefits, one of which is the opportunity to leverage the property’s value for future investments. Many investors opt to use their condos as collateral to secure funding for new ventures, thereby expanding their real estate portfolio. However, it is crucial to have a strategic financial plan in place and carefully weigh the potential risks of market fluctuations. Moreover, a Singapore Condo boasts of a prime location in the bustling city, providing even greater potential for growth and success. With its exceptional location, investing in a Singapore Condo can potentially yield higher returns, but it is essential to proceed with caution and thorough consideration.

On December 3, the Urban Redevelopment Authority (URA) has launched tenders for two residential Government Land Sale (GLS) sites, located at Holland Link and Chuan Grove. These 99-year leasehold sites are part of the Confirmed List for the 2H2024 GLS Programme.

The Holland Link site, situated along Holland Link off Bukit Timah Road in District 10, covers an area of 185,141 sq ft and has a maximum gross floor area (GFA) of approximately 257,225 sq ft. According to URA estimates, it could potentially accommodate about 230 housing units.

This site is the first GLS plot to be launched in the upcoming Holland Plan precinct, one of URA’s three upcoming precincts alongside Bayshore and Kampong Bugis, as observed by Marcus Chu, CEO of ERA Singapore. Chu predicts that developers will be keen to bid on this site in order to take advantage of being the first to enter the market and potentially secure the first 230 units in the pipeline.

In addition, the site is within a 2km radius of several reputable schools such as Methodist Girls’ School (Primary and Secondary), Henry Park Primary School, Pei Hwa Presbyterian Primary School and National Junior College. “This could be a plus factor for families with young children looking for priority admission into these schools,” Chu adds.

Being situated close to the Brizay Park Good Class Bungalow area, Mark Yip, CEO of Huttons Asia, predicts that future developments in the Holland Plain precinct will likely focus on low-density private residences.

As for the Holland Link GLS site, Yip expects it to receive between one and two bids, with the top bid ranging from $1,200 to $1,300 psf per plot ratio (psf ppr). Similarly, Chu foresees a muted response to the site, citing the current saturation in the market with a total of seven residential sites open for tender.

Moving on to the Chuan Grove GLS site, located along Chuan Grove off Lorong Chuan in District 19, it spans 170,409 sq ft and has a maximum GFA of 511,232 sq ft, capable of accommodating around 555 new housing units.

The site is conveniently situated within 400m of Lorong Chuan MRT Station on the Circle Line, just one stop away from the Bishan MRT Station (interchange with the North-South Line) and Serangoon MRT Station (interchange with the North-East Line). Chu expects the future development on this site to attract HDB upgraders living nearby, with an estimated 3,815 Build-to-Order (BTO) units sized four-room and larger nearing the end of their Mandatory Occupation Period in Toa Payoh over the next four years.

“Residents of HDB flats in older estates could seek to upgrade their homes given the increasing number of million-dollar flats in neighboring Serangoon, Bishan, and Toa Payoh,” Chu comments. The median transaction prices for five-room flats in these areas over the past 10 months were $792,000 and $828,000 respectively.

Chu also notes that developers could be encouraged by the successful sales performance of Chuan Park, with 76% of the development’s 916 units sold at an average price of $2,579 psf during its launch weekend. He predicts that bids for the Chuan Grove site could range from $571 million to $600 million, translating to a land rate of over $1,200 psf ppr. On the other hand, Yip expects a total of three to five bids, with the top bid falling between $1,150 and $1,250 psf ppr.

Interested parties can submit their bid for the Chuan Grove site by noon on July 8, 2025, and the Holland Link site by July 29, 2025.…

The Urban Redevelopment Authority (URA) has announced the release of two residential Government Land Sale (GLS) sites as part of the 2H2024 GLS Programme. The sites, Holland Plain and River Valley Green (Parcel C), have been listed under the Reserved List and are now available for application. This means that these sites will be triggered for sale if a developer indicates a minimum price that is accepted by the government. In the event that more than one developer submits a minimum price that is close to the government’s reserve price, the site may also be considered for tender launch.

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Securing financing is a crucial element of purchasing a condominium. In Singapore, there are various mortgage choices available, but it is important to note the Total Debt Servicing Ratio (TDSR) framework. This framework sets a ceiling on the amount of loan a borrower can acquire, taking into consideration their income and current financial liabilities. To make sound financial decisions and prevent overextending oneself, it is imperative for investors to comprehend the TDSR and consult with financial advisors or mortgage brokers. For more information on Singapore Projects, please visit Russian Remote.

The Holland Plain GLS site covers an area of approximately 169,175 sq ft and has a maximum gross floor area (GFA) of about 304,522 sq ft. It has the potential to yield 280 residential units and has a leasehold of 99 years. The site is situated next to the Holland Link GLS site, which was launched for tender on Dec 3. It is estimated that the site can accommodate around 230 units.

Mark Yip, CEO of Huttons Asia, believes that there is a slim chance that the Holland Plain site will be triggered for sale, as developers are likely to wait and see the response for the Holland Link GLS site first. The tender for this plot will close in July 2025.

The River Valley Green (Parcel C) site is located next to the upcoming Great World MRT Station on the Thomson-East Coast Line. Spanning a land area of 123,964 sq ft, the 99-year leasehold site has a maximum GFA of 433,882 sq ft and can potentially yield 470 new housing units. Yip predicts that this site is also unlikely to be triggered for sale, given that there is an ongoing tender for the neighbouring River Valley Green (Parcel B) plot, which is set to close in February next year. The latter can accommodate 580 units, including 220 long-stay serviced apartments.

In addition, the site is also in close proximity to three other GLS sites that have been awarded recently. Winchamp Investment, a subsidiary of Wing Tai Holdings, was awarded River Valley Green (Parcel A) in June after submitting the highest bid of $464 million, or $1,325 psf per plot ratio (psf ppr). This site will be developed into a residential project with over 400 units.

In April, a joint venture between City Developments and Mitsui Fudosan secured Zion Road (Parcel A) with a bid of $1.107 billion ($1,202 psf ppr) as the sole bidder. The developers have plans to explore a mixed-use development with around 740 residential units, a retail podium, and a block with 290 rental apartment units.

Similarly, Allgreen Properties clinched Zion Road (Parcel B) in August with a bid of $730.09 million ($1,304 psf ppr). This site can potentially yield about 610 residential units.

Given the upcoming supply from these three sites, Yip believes that there is “little incentive” for developers to trigger River Valley Green (Parcel C) for sale.…

Emerald of Katong hits 99% sales at launch, averaging $2,621 psfLaunched a fortnight ago, Sim Lian Group’s Emerald of Katong saw robust weekend sales, with 99% of its 846 units snapped up over three daysAs of Nov 30, caveats lodged for Emerald of Katong show that 825 units (97.5%) have been sold at the new 99-year leasehold private condominium on Jalan Tembusu, achieving an average price of $2,617 psf.There was a shortfall of 13 units due to buyers backing out of their purchases following the weekend launch, which began with VIP and multiple-unit sales on Friday, Nov 15, followed by a public launch over the weekend of Nov 16 and 17. The developer responded to the buyers backing out, by holding a balloting session for the 13 units on the morning of Nov 30, where all 13 units were taken up within the same day. “Over 800 expressions of interest were received, and all 13 units were taken up,” says Ismail Gafoor, CEO of PropNex. This launch has created a ripple effect on neighbouring projects in the East Coast area of prime District 15. Adjacent to Emerald of Katong is the 638-unit Tembusu Grand, developed jointly by City Developments Ltd (CDL) and MCL Land. This 99-year leasehold development at Jalan Tembusu, was launched in April 2023 and has seen a total of 52 units sold, bringing cumulative sales to 581 units or 91% to date, at an average price of $2,445 psf. Tembusu Grand: 10 latest transactionsSource: EdgeProp Buddy, URA RealisMeanwhile, at the 1,008-unit Grand Dunman by SingHaiyi, 18 units were sold since Nov 11, bringing cumulative sales to 731 units (72.5%) at an average price of $2,531 psf. This 99-year leasehold condominium on Dunman Road was launched in July 2023. Grand Dunman: 10 latest transactionsSource: EdgeProp Buddy, URA RealisThe biggest beneficiary of Emerald of Katong’s launch was The Continuum, an 816-unit freehold condominium along Thiam Siew Avenue developed by joint venture partners Hoi Hup Realty and Sunway Developments. Since Nov 9, a total of 126 units have been sold, bringing overall sales to 528 units (64.7%) at an average price of $2,788 psf. With such strong sales within a month, homebuyers recognised the value proposition and showed more interest in the condominium for being freehold, especially when the average price at the 99-year leasehold Emerald of Katong is $2,617 psf. This difference only represents a premium of 6.53%. “Typically, a freehold project commands at least a 15% to 20% premium over a 99-year leasehold project in the same neighbourhood,” Gafoor explains. “Homebuyers recognised the value proposition and were quick to switch to The Continuum.” The Continuum has seen 126 units sold since Nov 9, bringing total sales to 528 units or 64.7% (Photo: Samuel Isaac Chua/EdgeProp Singapore) The Continuum: 10 latest transactionsSource: EdgeProp Buddy, URA RealisThe highest psf prices were achieved for the 484 sq ft one-bedroom and 624 sq ft two-bedroom units on high floors. At the launch, 21 of these units recorded prices ranging from $2,901 psf to $2,958 psf, based on caveats lodged. Similarly, at The Continuum, 13 units have seen prices exceeding $3,000 psf and 11 of these units have been sold, including nine two-bedroom, high-floor units ranging in size from 646 to 721 sq ft. These units fetched prices from $3,003 psf to $3,084 psf. Additionally, two compact three-bedroom units measuring 872 sq ft were sold at $3,003 psf and $3,060 psf. “November is shaping up to be a strong month for new home sales, providing a significant uplift for the year before the December holidays,” says PropNex’s Gafoor. With the current numbers surging past the previous peak of 2,793 monthly private new home sales recorded in March 2013, according to Hutton Data Analytics. The robust take-up in November will have a positive impact on the take-up rate in 2025. Emerald of Katong: 10 latest transactionsSource: EdgeProp Buddy, URA Realis”The robust take-up in November will have a positive impact on the take-up rate in 2025,” says PropNex’s Gafoor. He cites the Emerald of Katong as an example: with over 800 cheques received for just 13 units on Nov 30, many unsuccessful buyers will now be seeking alternatives. “This will undoubtedly boost new home sales at the start of 2025,” he concludes. Check out the latest listings for Emerald Of Katong, Tembusu Grand, The Continuum propertiesAsk BuddyRecently launched projectsCompare price trend of New sale condo vs Resale condoCompare price trend of Condo new sale vs EC new salePrice trend chart for Tembusu GrandAny condo rental listings in District 15?Recently launched projectsCompare price trend of New sale condo vs Resale condoCompare price trend of Condo new sale vs EC new salePrice trend chart for Tembusu GrandAny condo rental listings in District 15?

In summary, purchasing a condo in Singapore boasts a plethora of benefits, such as immense demand, potential for value appreciation, and attractive rental returns. Nevertheless, it is crucial to thoroughly analyze factors like location, financing options, government regulations, and market conditions. Through thorough research and seeking expert guidance, investors can make informed decisions and capitalize on the dynamic real estate market in Singapore. Whether you are a local investor seeking to diversify your investment portfolio or a foreign buyer looking for a stable and profitable investment, Singapore’s condo market offers a compelling opportunity.

The launch of Emerald of Katong by Sim Lian Group two weeks ago was received with great enthusiasm. In just three days, 99% of the 846 units available were sold, with 825 units (97.5%) being snapped up. Based on caveats lodged as of Nov 30, the new 99-year leasehold private condominium on Jalan Tembusu achieved an average price of $2,617 per square feet (psf). Although 13 units were unsuccessful in being sold due to buyers backing out of their purchases following the weekend launch began, the developer held a balloting session on the morning of Nov 30, where 13 units were taken up by interested buyers who submitted their cheques. “Over 800 expressions of interest were received, and all 13 units were taken up,” says Ismail Gafoor, CEO of PropNex.

Emerald of Katong’s launch had a ripple effect on other projects in the East Coast area of prime District 15. The development that benefited was the Tembusu Grand jointly developed by City Developments Ltd (CDL) and MCL Land, adjacent to Emerald of Katong. Located on Jalan Tembusu, this 638-unit residential development was launched in April this year and is 49% sold to date, with 581 units (91%) being sold at an average price of $2,445 psf. Since the start of November, cumulative sales have reached 581 units, with 52 of it being sold, at the average price of $2,445 psf.

The next project affected by Emerald of Katong’s launch was the Grand Dunman by SingHaiyi. Located along Dunman Road, this 1,008-unit residential development was launched in July this year. From Nov 11, a total of 18 units were sold, bringing cumulative sales to 731 units (72.5%) at an average price of $2,531 psf.

The biggest beneficiary of Emerald of Katong’s launch in November was The Continuum, an 816-unit freehold condominium developed by joint venture partners Hoi Hup Realty and Sunway Developments. The Continuum has experienced an incredible surge in sales since Nov 9, with the sale of 126 units bringing the overall sales to 528 units (64.7%), with an average price of $2,788 psf. This launch was so impressive that it caused a ripple effect in other developments within the East Coast area. Homebuyers were quick to switch from Emerald of Katong to The Continuum, recognizing the value proposition of The Continuum, with it being freehold, while Emerald of Katong had an average price of $2,617 psf, only having a premium of 6.53%.

The top units sold at Emerald of Katong were the one-bedroom and two-bedroom high-floor units with sizes being 484 and 624 square feet respectively. During the launch, these units were sold from $2,901 to $2,958 psf. On the other hand, The Continuum has achieved remarkable sales, with 13 units being sold at prices exceeding $3,000 psf. These units were popular with buyers as they were mostly two-bedroom high-floor units ranging in size from 646 to 721 sq ft, with prices from $3,003 to $3,084 psf. Other units that were popular with buyers at The Continuum were three-bedroom units ranging in size from 1,066 to 1,270 sq ft and are achieving $2,667 to $2,681 psf in November.

PropNex’s Gafoor states that “November is shaping up to be a strong month for new home sales, providing a significant uplift for the year before the December holidays.” Based on data, November has already reached a high of 2,805 units, surpassing the previous peak of 2,793 units in March 2013. Gafoor also adds that the robust take-up in November would have a…

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One of the main factors driving the popularity of condos in Singapore is the limited supply of land. Being a small island country with a continuously increasing population, Singapore is facing a shortage of land for development. As a result, the government has implemented strict land use policies and the real estate market has become highly competitive, leading to a steady rise in property prices. Therefore, investing in real estate, especially condos, has become a profitable venture, with the potential for significant capital appreciation. This trend is further reinforced by the availability of attractive Singapore Projects.

The property market in the Asia Pacific (Apac) region continues to surpass its global counterparts, with Savills Research reporting that real GDP growth has exceeded that of the US and Europe. In its global outlook report for 2025, released on November 28, Savills Research notes that there is more stability and confidence in the economic outlook, which will lead to increased investment and activity.

According to Paul Tostevin, head of world research at Savills, this is the first time in five years that there is a sense of stability, which will boost investment and activity in the property market. In the first three quarters of 2024, Apac saw a 4% year-on-year increase in investment volumes, reaching US$108.7 billion. Singapore, South Korea, and Australia saw the most significant growth in investment volumes during this period, with 74%, 71%, and 63% respectively.

Savills Research forecasts a 27% increase in global real estate investment turnover to US$952 billion by 2025. Furthermore, global investment activity is expected to surpass the US$1 trillion mark for the first time since 2022. The research firm also predicts that global investments will return to pre-pandemic levels by 2026, driven by stabilizing interest rates and improved investor confidence.

Savills believes that Singapore’s property market will follow this global trend. Alan Cheong, executive director of research & consultancy at Savills Singapore, notes that the country’s real estate market is expected to mirror the global narrative.

Savills adds that Apac is poised for a full investment recovery in 2025, driven by key sectors such as tourism, living, and industrial, specifically logistics and data centers. According to Simon Smith, regional head of research & consultancy for Apac at Savills, the region’s long-term structural trends and global themes will determine the winners and losers in the property market.

The office sector remains attractive in Apac, commanding 37% of the total regional real estate investment in the first three quarters of 2024 – significantly higher than the global average of 23%. Singapore, China, South Korea, and Japan are the top cities in the region for office utilization, with occupancy rates exceeding 90%. Apac also leads in green-certified office spaces, as office occupiers place more emphasis on environmental, social, and governance (ESG) matters.

Cheong notes that in Singapore, office tenants are giving more weightage to the green agenda. Additionally, there has been a slight recovery in activity levels, with more leases being concluded. Prime retail developments continue to see healthy demand, keeping rental levels stable. In the industrial sector, demand remains strong in key sectors such as logistics, advanced manufacturing, healthcare, and data centers, which will help stabilize rental rates and capital values in the long term.

According to Cheong, Singapore is witnessing an increase in data centers, driven by the adoption of artificial intelligence (AI). This has led to more data center service providers using Singapore as a base to search for suitable sites to build infrastructure.

Tostevin adds that as global investment and activity return to sustainable growth, the property industry must adapt to changes in legislative landscapes and geopolitical dynamics. The industry must also prioritize sustainable and socially responsible development to meet the evolving needs of the world.

In conclusion, Apac is expected to remain a top destination for property investment, driven by its strong economic growth and key sectors such as tourism, living, and industrial. Singapore, with its strategic location and stable market, is poised to continue attracting investments in the coming years. The industry must also focus on sustainable and socially responsible development to ensure long-term success.…

The latest listing for Hill House, The Continuum and Lavender Residence (Photo: EdgeProp Singapore)

When it comes to investing in a condominium, securing financing is a critical consideration. In Singapore, prospective buyers have a range of mortgage options to choose from. However, it is essential to have a comprehensive understanding of the Total Debt Servicing Ratio (TDSR) framework, which dictates the maximum loan amount that a borrower can take on based on their income and existing debt obligations. To successfully navigate this process, seeking guidance from financial advisors or mortgage brokers can offer valuable insights and prevent individuals from becoming over-extended financially. Moreover, staying updated on new condo launches in Singapore, such as New Condo Launches, can aid investors in making informed decisions about their financing choices.

Hill House, a boutique development, has set a new record psf-price high during the period between November 10 to 21, according to EdgeProp. The new record of $3,267 psf came from the sale of a 452 sq ft, two-bedroom unit on the fifth floor. The sale was made by the developer on November 11 for $1.48 million. This is just 0.1% higher than the previous record of $3,263 psf set in November 2023.

The development, located at the top of Institution Hill in prime District 9, has 72 units and was launched in 2022. It has seen 11 transactions this year with an average price of $3,098 psf, which is 0.9% lower than the average price of $3,127 psf last year. Construction for Hill House is still ongoing and is expected to be completed in the third quarter of 2026.

The Continuum, a freehold condo on Thiam Siew Avenue in District 15, came in second on the list with a new psf-price high of $3,084 psf. The sale was made for a 721 sq ft, two-bedroom unit on the 17th floor for $2.22 million on November 16. This is only 0.4% higher than the previous record of $3,071 psf, which was set a day before on November 25.

The Continuum, which launched in May 2023, has 816 units across six residential towers and is expected to be completed by 2026. 59.8% of the units have been sold at an average price of $2,779 psf. This is based on caveats lodged since the launch of the condo.

Meanwhile, freehold boutique development Lavender Residence set a new psf-price low of $1,626 psf during the period in review. The sale was made for a 990 sq ft, one-bedroom + studio unit on the second floor for $1.61 million on November 17. This is compared to the previous record of $1,710 psf, which was set in June 2023 when a 1,335 sq ft, four-bedroom unit was sold for $2.28 million. The development has been fully sold at an average price of $1,984 psf.

Lavender Residence, located at the intersection of Lavender Street and Kempas Road in Boon Keng, District 12, features 17 units and sits on a site with three two-storey conservation shophouses built in the 1940s. Units range from studios to three-bedroom units with dual-key variants from 463 sq ft to 1,550 sq ft. It is walking distance from Bendemeer MRT Station.

Overall, Hill House, The Continuum, and Lavender Residence have seen strong transactions and prices in the past few months. With their prime locations and attractive features, these developments are expected to continue to attract buyers and investors.…

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Investing in a condo in Singapore is rapidly gaining popularity among both local and foreign investors. The city-state’s strong economy, stable political climate, and excellent quality of life make it an attractive choice. With numerous opportunities available in Singapore’s real estate market, condos are a standout option due to their convenience, amenities, and potential for high returns. In fact, with the recent new condo launches, the demand for condos in Singapore is only increasing. In this article, we will discuss the advantages of investing in a condo in Singapore, important considerations to keep in mind, and the necessary steps to take.

The Singapore government recently announced a one-off property tax rebate for owner-occupied homes in 2025. This includes a 20% rebate for HDB flats and a 15% rebate for private residential properties. However, the rebate for private homeowners will be capped at $1,000.

Property tax is calculated based on a property’s annual value, which is the estimated rent a property can generate in a year if it were to be rented out. The government has decided to raise all annual value bands of owner-occupier’s residential property tax rates on January 1, 2024 as part of Budget 2024.

This move will result in lower property taxes for over 90% of owner-occupied properties, supporting the government’s efforts to ease the cost of living for Singaporeans. According to Lee Sze Teck, senior director of data analytics at Huttons Asia, the annual value of private properties is likely to remain flat due to minimal growth in private residential rents this year. However, HDB rents are expected to increase by 4%, leading to a slight increase in the annual value of HDB flats.

The one-off property tax rebate aims to help HDB owners cushion any impact from the increase in annual value. For instance, a HDB flat with an annual value of $30,000 will have a property tax payable of $720 in 2025. With the rebate, the owner will only need to pay $576, resulting in savings of $144.

Private residential owners may also benefit from the one-off rebate. For example, a property with an annual value of $85,000 will have a property tax payable of $5,760. With the 15% rebate, capped at $1,000, the owner will only pay $4,896, saving $864.

While property tax rebates have been offered before, they do not reduce the appeal of investing in residential properties in Singapore. The potential for capital appreciation far outweighs the increase in property tax, making residential properties a attractive investment option.…

With the aim of making property investment education and opportunities accessible to everyone, Ng is dedicated to expanding Aurico’s reach and portfolio in the coming years.

Over the course of just two years, Jason Ng has built his property investment and training firm, Aurico Global, from the ground up to reach a remarkable milestone of $52 million in assets under management. As the CEO and executive chairman of Aurico, Ng has had a successful career in real estate, with his interest in property investment dating back to 1993.

Growing up in a small rental flat with six family members, Ng was motivated to provide for his family and sought out a well-paying job. With his hard-earned capital, he made his first property investment – a 1,400 sq ft three-bedroom apartment for $435,000. Looking back, Ng acknowledges that it was a great deal, as similar-sized properties are now priced much higher.

As Ng’s real estate portfolio grew, he also ventured into student enrichment and parenting training. He is now recognized as a family life educator and has been working with the Ministry of Education and Ministry of Social and Family Development for over 15 years. However, it wasn’t until January 2023 when Ng and his wife, Emelyn Ho, co-founded Aurico to consolidate their various businesses, including JC Global Developments, Anchor of Life Training Consultants, and My Preschool Hub.

Aurico’s property portfolio is diverse, covering residential, commercial, and industrial assets. One of their biggest ventures is a co-living concept called Communa, managed by JC Global Developments. They currently have 380 units spread across shophouses, condos, and landed properties, with a total value of over $30 million. Together with other shareholders, Ng plans to acquire even more properties and expand their portfolio to 600 units by the end of the year.

Investing in a condo in Singapore offers a multitude of benefits, with one of the main advantages being the potential for capital appreciation. Thanks to its strategic positioning as a global business hub and robust economic foundation, Singapore has a consistent demand for real estate. Throughout the years, the property market in Singapore has demonstrated a steady and upward trajectory, with condos in prime locations experiencing substantial appreciation. By entering the market at an opportune time and holding onto their property for the long term, investors can reap the rewards of significant capital gains. Take advantage of this opportunity by investing in a condominium in Singapore today.

Aurico’s strategy is to acquire valuable properties in sought-after areas at a below-market valuation. In September, they bought a two-storey shophouse on 321 Joo Chiat Road for $5.1 million, which was 12% below its valuation price of $5.8 million. This approach has been successful due to their strong property investment team and Ng’s sharp investment acumen.

The company also has their sights set on commercial properties in strategic locations that are undergoing rapid transformation. In July, they purchased a 560 sq ft commercial strata office in the 99-year leasehold development Woods Square in Woodlands. Ng explains that this investment allows them to be at the forefront of the changes happening in Woodlands, including the upcoming Johor Bahru-Singapore Rapid Transit System. Having an office in this area also improves operational efficiency, as they can easily hire workers from across the border.

In line with the government’s goal to produce 30% of the country’s nutritional needs by 2030, Aurico has also acquired food factory assets. Although they have no plans to enter the F&B business directly, Ng believes that these properties are strategic investments that enhance their portfolio. One of their properties is Food Xchange @ Admiralty, a strata-titled food facility located in the established food cluster on Admiralty Road West and with a long lease balance of 36 years. According to Ng, this property stood out due to its proximity to Johor, providing added advantages for food manufacturing businesses, such as easy access to manpower.

In May, Aurico acquired a 29.8% controlling stake in Autagco Ltd, a publicly listed company. Ng has appointed Patrick Loke as the executive director of Autagco and has plans to inject their assets into the company. In October, Autagco announced its intention to enter the residential assisted living sector, with Ng’s vision to cater to the ageing population in Singapore.

With their reputation for providing comprehensive and high-quality property investment education, Aurico is dedicated to training the next generation of property developers. Ng believes that investment education is essential but inaccessible to many, and aims to change this by making residential and commercial property investment accessible to all. They offer intensive courses and support participants in leveraging the firm’s network and strategies to enhance their portfolio. Ng is particularly passionate about helping millennials and Gen Z investors, who often feel that they can’t invest in property due to their lack of wealth. With their comprehensive curriculum and hands-on support, Aurico is determined to empower individuals to achieve their financial goals through real estate. And with Ng’s dedication to expanding the firm’s reach and portfolio, the future looks bright for Aurico Global.…

During the week of November 12 to 19, the sale of a three-bedroom unit at Maple Woods stood out as the most profitable condo resale transaction. The 1,539 sq ft unit, located on the first floor, was sold for a whopping $3.3 million, equating to $2,144 psf. The transaction took place on November 15, with the seller having purchased the unit back in April 2009 for $1.28 million, at a rate of $830 psf. This resulted in a profit of $2.02 million, reflecting a capital gain of 158% for the seller, or an annualized profit of 10.6% over a holding period of approximately 15 and a half years.

Situated in prime District 10 on Bukit Timah Road, Maple Woods is a freehold condominium that was built in 1997. It comprises 697 residences, ranging from two to four bedrooms and spanning from 850 sq ft to 3,003 sq ft. Conveniently located within a five-minute walk to King Albert Park MRT Station on the Downtown Line, Maple Woods is also in close proximity to Methodist Girls’ School and the Rail Corridor.

Notably, there were 10 other resale transactions at Maple Woods this year, and all of them were profitable deals with the sellers making gains of at least $425,000. Three of the units sold even made profits of over $2 million. The first was a 1,787 sq ft three-bedroom unit on the eighth floor, which was sold for $3.75 million ($2,099 psf), resulting in a profit of $2.15 million for the seller. They had initially purchased the unit in July 1997 for $1.6 million ($895 psf).

The second unit was a 1,787 sq ft three-bedroom unit that was sold for $3.82 million ($2,138 psf) on September 10. The seller, who had bought the unit in March 2007 for $1.35 million ($756 psf), made a substantial profit of $2.47 million. Meanwhile, the third unit, a 3,003 sq ft four-bedroom unit on the eighth floor, was sold on the same day, for $5 million ($1,665 psf). The seller, who had initially bought the unit in September 1998 for $2.4 million ($798 psf), gained $2.6 million from the sale.

Ranking second in terms of profitability for condo resale deals during the week, UE Square saw a three-bedroom unit measuring 1,528 sq ft on the seventh floor being sold for $2.95 million ($1,930 psf) on November 14. The seller had acquired the unit through a sub-sale in December 1997 for $1.3 million ($850 psf), resulting in a gain of $1.65 million, or 127%, after owning the unit for nearly 27 years.

In fact, this deal is currently the fourth most profitable resale transaction at UE Square. The record belongs to a four-bedroom penthouse spanning 3,089 sq ft, which was sold for $6.27 million ($2,031 psf) on October 6, 2023. The seller had initially bought the unit for $4.1 million ($1,327 psf) in December 2009, netting a profit of $2.17 million.

Located along Clemenceau Avenue in District 9, UE Square is part of UE BizHub City, a mixed-use development that comprises an 18-storey office building, a four-storey shopping podium, and two 18-storey residential blocks, housing a total of 345 units. The development is conveniently located near Clarke Quay and comprises one- to five-bedroom units spanning from 506 sq ft to 2,379 sq ft, as well as penthouses spanning 3,089 sq ft. It is also close to the Fort Canning MRT Station on the Downtown Line.

On the other end of the spectrum, the most unprofitable condo resale transaction during the week was at Tomlinson Heights, where a 2,745 sq ft unit on the 19th floor was sold for $8.25 million ($3,006 psf) on November 19. The seller had bought the unit from the developer in February 2011 for $8.85 million ($3,225 psf), incurring a loss of approximately $601,000 (6.8%) after owning the unit for almost 14 years.

When contemplating a condominium investment, it is crucial to evaluate the potential rental yield. This is measured as the annual rental income as a percentage of the property’s purchase price. In , the rental yields for condos in Singapore can fluctuate significantly based on factors such as location, property condition, and market demand. Typically, areas with a high demand for rentals, such as those near business districts or educational institutions, offer more attractive rental yields. In order to assess the rental potential of a specific condo, it is beneficial to conduct thorough market research and seek guidance from real estate agents. Adding Condo to the rewritten paragraph not only emphasizes the type of investment being discussed, but also creates a hyperlink for further information.

Situated on Orchard Boulevard, Tomlinson Heights is a luxury condo that comprises a 36-storey tower and a mix of three- and five-bedroom units ranging from 2,551 sq ft to 6,738 sq ft. Completed in 2014, this freehold development is within walking distance to the malls along Orchard Road.

Interestingly, the unit sold on November 19 is the first caveated transaction at Tomlinson Heights since January 5, 2023, when another 2,745 sq ft unit was sold for $10.5 million ($3,825 psf). The seller had bought the unit from the developer in May 2011 for $8.38 million ($3,053 psf), making a gain of $2.12 million.…

Listed on the mainboard, Hong Lai Huat has recently formed a strategic term sheet with co-living operator The Assembly Place. This agreement will see The Assembly Place managing Hong Lai Huat’s real estate and property development projects in Cambodia, while also bringing the co-living concept to the country for the very first time.

Purchasing a condo in Singapore has become a highly desirable option for both national and international investors, thanks to the country’s flourishing economy, stable political climate, and exceptional standard of living. The real estate industry in Singapore offers numerous opportunities, with condominiums standing out for their convenience, amenities, and potential for profitable returns. In this article, we explore the advantages, considerations, and necessary procedures involved in investing in a condo in Singapore. Whether you are a resident of Singapore or a foreign investor, buying a condo can open up promising possibilities. Compared to other options like houses or apartments, condos offer unique benefits that make them an attractive choice for many individuals. With a wide range of facilities such as fitness centers, swimming pools, and 24-hour security, condos provide a comfortable and luxurious lifestyle. Additionally, many condos are situated in prime locations with easy access to public transportation, making it convenient for residents to commute to work or explore the city. Moreover, condo developments often include amenities like shopping malls, schools, and restaurants, providing a holistic community experience. From an investment perspective, condos in Singapore generally have a higher demand and appreciation rate, making them a lucrative option for those looking to generate passive income or diversify their investment portfolio. However, there are certain factors to take into account before diving into a condo investment. It is essential to understand the regulations and restrictions for foreigners purchasing property in Singapore. While they are not allowed to buy landed properties, they can invest in condos classified as strata-titled properties. Moreover, there may be additional taxes and fees for foreign buyers, so consulting with a local real estate expert is crucial before making a purchase. Researching the developer and the property itself is also vital. Some key factors to consider include the developer’s reputation and track record, the surrounding area, and the potential for rental income. Once these aspects are carefully evaluated, acquiring a condo in Singapore is a simple process. It involves obtaining an Option to Purchase (OTP) from the seller, paying a deposit, and signing the Sales and Purchase Agreement. Seeking the assistance of a reputable real estate agent is recommended to ensure a smooth and successful transaction. In conclusion, investing in a condo in Singapore offers various benefits, including convenience, amenities, and potential for high returns. However, it is crucial to conduct thorough research and consider all factors before making a purchase. With proper due diligence and guidance, investing in a Singapore condo can be a profitable and fulfilling decision for both local and foreign investors. Condos are a popular investment choice in Singapore and should be carefully considered by anyone looking to invest in the country’s real estate market.

In a joint statement released on November 28th, both companies have expressed their intention to finalize the key objectives within the next 60 days before entering into a binding agreement. These objectives include conducting feasibility studies for the fitting out of available units in Hong Lai Huat’s Royal Group Platinum development in Cambodia.

The partnership will also focus on marketing Hong Lai Huat’s commercial shop-house units at Royal Group Platinum, as well as leveraging The Assembly Place’s network to establish new sales channels in Singapore, Hong Kong, and Greater China’s first-tier markets for Hong Lai Huat’s completed and upcoming projects. Furthermore, the collaboration will see ongoing after-sales asset management services and the creation of jobs in local communities.

Hong Lai Huat’s website describes its development in Cambodia as a mixed residential and commercial project featuring 851 residential and 50 shophouse units. It is located just 20 minutes away from Phnom Penh International Airport, surrounded by 16 international schools and six sports facilities. The project is also in close proximity to Aeon Mall 2, which is currently the largest shopping mall in Phnom Penh.

According to Ong Jia Jing, executive director of Hong Lai Huat, the partnership has him “thrilled” as it will allow the group to provide top-tier asset management services to their investors and buyers in Cambodia, giving them the confidence they need when purchasing units in their developments.

Eugene Lim Ying Jie, CEO of The Assembly Place, also expressed his excitement about the partnership, stating that it aligns with their strategy of expanding the co-living concept both locally and internationally. He believes that combining Hong Lai Huat’s high-quality and well-designed developments with The Assembly Place’s extensive experience in the co-living sector will bring exceptional value to their purchasers.

The signing ceremony for this partnership was held at the CAMPUS by The Assembly Place on November 28th.…