Condo Siteismi

The collective sale of Casa Fidelio, a freehold landed development located on Fidelio Street, is set to take place on March 20th, with PropNex Realty acting as the marketing agent for the site. According to the agency, this is the first attempt at an en bloc sale by the owners of Casa Fidelio, with a reserve price of $24 million, which equates to a land rate of $1,388 per square foot.

Completed in 1990, Casa Fidelio consists of seven units of cluster terraces, occupying a land area of approximately 17,293 square feet. The site is zoned for residential use and designated for two-storey mixed-landed housing. Situated in a landed housing enclave, the development is just a short drive away from various amenities, including East Coast Park, dining and lifestyle options at the Katong and Joo Chiat precincts, and malls such as Siglap Village, Siglap Centre, and Bedok Mall.

The surrounding area is expected to offer even more amenities in the future with the completion of Kembangan Wave, an integrated public housing project next to Kembangan MRT Station. This development will include a community club, eating house, supermarket, and outpatient healthcare facility.

The location of Casa Fidelio on a map (Source: EdgeProp LandLens)

In terms of education options, Casa Fidelio is close to schools such as Opera Estate Primary School, St Stephen’s School, and Victoria School.

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PropNex has highlighted that the site has the potential for redevelopment in a variety of configurations, including luxury cluster houses, landed terraces, or an expansive standalone property. “The site’s regular shape and ample size provide developers with the flexibility to design a project that maximizes both functionality and aesthetic appeal, making it well-suited for transformation into a modern residential development catering to the demand for landed homes in the East Coast area,” says Laurence Wong, PropNex’s head of collective sales.

According to caveats lodged, the most recent transaction at Casa Fidelio was in September 2020, where a house with a land area of 1,894 square feet was sold for $2.27 million ($1,198 per square foot). PropNex also notes that in the past year, only two freehold landed homes on Fidelio Street were transacted. A terrace house with a land area of 3,423 square feet was sold for $9 million ($2,629 per square foot on the land area), and a semi-detached house on 2,035 square feet of land sold for $5.38 million ($2,643 per square foot on the land area). Less than 400 meters away, a newly-built corner terrace on Jalan Bangsawan, off Swan Lake Avenue, was transacted for $3,541 per square foot in December 2020.

The tender for Casa Fidelio will close on April 22 at 3pm. Interested parties can view the latest listings for Casa Fidelio properties on EdgeProp.…

The first private housing Government Land Sale (GLS) site in the upcoming Bayshore precinct saw a total of eight bids when the tender closed on March 18. The 99-year leasehold site, located on Bayshore Road next to the Bayshore MRT Station, spans 112,992 sq ft and is estimated to yield around 515 units.

SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings, submitted the highest bid of $658.89 million, translating to a land rate of $1,388 psf per plot ratio (ppr).The bid was just 0.82% higher than the second-highest bid of $653.53 million ($1,377 psf ppr) submitted by Sing Holdings. City Developments placed third with a bid of $620.8 million ($1,308 psf ppr), which was 5.3% lower than Sing Holdings’ bid. “The highest bid prices exceeded our initial expectations, which could indicate strong confidence in the site’s potential,” said Justin Quek, CEO of OrangeTee & Tie.

Mark Yip, CEO of Huttons Asia, noted that the number of bids received was the highest for a private housing GLS site since January 2022 when the Jalan Tembusu plot, now the site of Tembusu Grand, also attracted eight bids. He believes that developers may have held back on bidding for other GLS plots to pursue the Bayshore site due to its potential. “The recent strong sales have increased the need for developers to add to their land bank,” he added.

Other tenderers for the Bayshore Road site included a Frasers Property-led consortium, Kingsford Development, and a Hoi Hup Realty-Sunway Developments joint venture. These bidders submitted bids ranging between $1,252 psf ppr to $1,285 psf ppr.

The two lowest bids came from a consortium comprising Hong Leong Holdings, TID, and CSC Land Group at $500.68 million ($1,055 psf ppr), followed by Sim Lian Group at $485 million ($1,022 psf ppr). This 36% difference between the lowest and highest bids reflects the mixed market sentiments among participating bidders, according to Marcus Chu, CEO of ERA Singapore. He also highlighted that SingHaiyi’s bid set a new benchmark for Outside Central Region (OCR) land prices at $1,388 psf ppr, surpassing the previous record of $1,250 psf ppr set by MCL Land and CSC Land Group in November 2023 for the site of the recently-launched Elta at Clementi Avenue 1.

Wong Siew Ying, PropNex’s head of research and content, added that this new OCR benchmark was comparable to the land rates of some GLS plots in the Central Region. Last year, Zion Road Parcels A and B in the Rest of Central Region were awarded at $1,202 psf ppr and $1,304 psf ppr, respectively, while the Holland Drive and River Valley Green (Parcel A) sites in the Core Central Region sold for $1,285 psf ppr and $1,325 psf ppr, respectively.

The future project at the Bayshore Road site will be the first private residential development in the new Bayshore precinct, a 60-ha estate situated between East Coast Parkway (ECP) and Upper East Coast Road. Around 10,000 homes have been designated for Bayshore, with 30% of them planned for private housing.

“The Bayshore Road GLS site is probably the best site in the Bayshore precinct as it offers a sea view and doorstep access to Bayshore MRT Station,” observed Huttons’ Yip. In addition to new amenities being constructed in the area, it stands to benefit from long-term development plans like the Long Island coastal protection project, which will add reservoirs and parks fronting the Bayshore area, said Leonard Tay, Knight Frank Singapore’s head of research.

Investing in real estate in Singapore requires careful consideration, and one of the most important factors to consider is the location. This is especially crucial when it comes to condos, as those situated in prime areas have a higher chance of increasing in value over time. Singapore is no stranger to this trend, with properties in central areas or those close to essential amenities such as schools, shopping malls, and public transportation hubs always in high demand. The most sought-after locations in Singapore are Orchard Road, Marina Bay, and the Central Business District (CBD). These areas have consistently shown a growth in property values, making them an attractive and profitable investment option. Families also prioritize these locations due to their proximity to good schools and educational institutions, making condos in these areas even more desirable. Therefore, for those looking to invest in a Singapore Condo, choosing a prime location is crucial for potential long-term growth and returns.

PropNex’s Wong noted that there have been no significant private condo launches in the Bayshore area for decades. Existing condos in the vicinity include The Bayshore and Costa Del Sol, which launched in the 1990s and 2000, respectively. As such, there may be pent-up demand for new private housing in the area, including from HDB upgraders in the nearby Marine Parade and Bedok estates. “Riding on the recent positive sales momentum in the primary market and the anticipation of healthy homebuying interest for the future Bayshore project, it is little wonder that developers were eager for this GLS tender, perhaps also hoping to gain a first-mover advantage in that area,” she added.

Based on the top bid of $1,388 psf ppr, Wong predicts that the future development at the Bayshore Road site could see an average selling price of over $2,600 psf. Meanwhile, Knight Frank’s Tay believes prices at the upcoming project could start from $2,700 psf and average above $2,800 psf.…

Investing in a Singapore Condo has become a sought-after option for both local and foreign investors, thanks to the country’s strong economy, stable political climate, and excellent standard of living. With a robust real estate market, Singapore offers a plethora of opportunities for investors, and condos stand out as a prime choice due to their convenience, amenities, and potential for high returns. In this article, we will delve into the advantages of investing in a condo in Singapore, as well as important factors to consider and steps to take for a successful investment.

New private home sales showed no signs of slowing down in February as fresh launches continued to fuel strong momentum. According to data released by URA on March 17, developers sold 1,575 units (excluding executive condos) last month, marking a 45.4% surge from the 1,083 units sold in January.

Compared to the 153 units moved in February 2024, this year’s sales are over 10 times higher, reflecting a robust market. Tricia Song, CBRE’s head of research for Singapore and Southeast Asia, notes that this is the highest February sales figure in 13 years, since 2,417 units were sold in February 2012.

The new home sales figure for February, including ECs, reached 1,604 units, a 45.3% increase from the previous month. The total number of units sold by developers since the beginning of the year has now reached 2,658 (excluding ECs). In comparison, it took eight months to reach a similar figure last year, observes Leonard Tay, head of research at Knight Frank Singapore.

The strong performance in February was bolstered by two major launches in the Outside Central Region (OCR): The 1,193-unit ParkTown Residence in Tampines North and the 501-unit Elta on Clementi Avenue 1.

With 1,041 units sold in February at a median price of $2,363 psf, ParkTown Residence was the best-selling project for the month, reflecting an 87% take-up rate at the integrated project. The project is jointly developed by UOL Group and CapitaLand Development.

Elta was the second best-performing project, with 65.1% (326 units) sold at a median price of $2,538 psf by developers MCL Land and CSC Land Group. CBRE’s Song points out that both ParkTown Residence and Elta are located in suburban neighbourhoods which have not seen supply in at least the past five years, contributing to the projects’ robust performances.

Including these two projects, developers launched a total of 1,694 units for sale in February, an 89% increase from the 896 units launched the previous month. Additionally, developers’ sales in the OCR totalled 1,452 units, accounting for a staggering 92% of total new private homes sold in February. This reflects the best monthly showing for the OCR in over nine years, since 1,523 units were sold in July 2015, according to Wong Siew Ying, PropNex Realty’s head of research and content.

Sales in the Rest of Central Region (RCR) made up 98 or 6.2% of units sold in February. The top-selling RCR project was existing launch Pinetree Hill, which moved 22 units at a median price of $2,613 psf.

In the Core Central Region (CCR), only 25 units were sold, accounting for 1.6% of developers’ sales last month. The best-selling CCR project was 19 Nassim, which moved five units at a median price of $3,372 psf. Four units were also sold at One Bernam at a median price of $2,651 psf. The 351-unit One Bernam, which launched for sale in May 2021, is now fully sold.

In terms of buyer profile, Singapore citizens continued to make up the bulk of new private home buyers at 92.4%, followed by permanent residents at 6.9%, notes Lee Sze Teck, senior director of data analytics at Huttons Asia. Foreigners accounted for 11 new home purchases, including the two most expensive transactions in February – the sale of two units at 32 Gilstead for $14.47 million and $14.61 million.

A record number of 603 new private homes (including ECs) in the OCR were sold for at least $2 million in February. This is the highest number of new suburban homes sold at this price range in a single month since URA data first became available in 1995. “The previous record was in November 2024, with 512 new homes in the OCR sold for at least $2 million,” adds Christine Sun, chief researcher and strategist at OrangeTee Group.

Of the 603 OCR homes that transacted for at least $2 million, 596 are non-landed homes. This comprise largely of units from ParkTown Residence (397 units), Elta (145 units) and Hillock Green (16 units).

PropNex’s Wong observes that the average unit prices of recent launches have “decoupled from the sub-market where these projects are located”. The way she sees it, while property prices generally follow a pecking order led by the CCR, followed by the RCR and then the OCR, recent launches indicate that may no longer always be the case.

As an example, Wong points out that The Collective at One Sophia, a CCR project which launched last November, has sold 73 units at an average unit price of $2,743 psf, based on URA data up until the end of February. “This is lower than the average transacted price of units sold at Union Square Residences ($3,175 psf) in the RCR, and only slightly higher than that of The Orie ($2,734 psf), also in the RCR,” she continues.

Meanwhile, recent OCR launches such as Chuan Park, Elta and Bagnall Haus have registered average unit prices of $2,589 psf, $2,544 psf and $2,489 psf, respectively, surpassing RCR project Nava Grove, which recorded an average unit price of $2,460 psf.

Wong believes the narrowing price gaps between regions could be due to various factors, including site-specific attributes of projects, amenity-driven pricing, demand by HDB upgraders, and the location of certain projects on the cusp of the CCR.

Wong predicts that prices could further converge in the coming months as new RCR projects located just off the CCR come to market, such as One Marina Gardens in Marina South and future developments on Zion Road residential sites.

The buoyant momentum in developers’ sales is expected to be sustained in March, supported by recent launches such as the 477-unit Lentor Central Residences, the 188-unit Aurea and the 760-unit Aurelle of Tampines EC. “As of mid-March, these projects have collectively sold over 1,150 units, promising a strong closing to the quarter,” comments Marchus Chu, CEO of ERA Singapore. In light of the robust first-quarter sales, ERA has revised its new private home sales projection for the whole of 2025 to between 8,500 and 9,000 units, up from its previous range of 7,000 to 8,000.

Huttons’ Lee estimates developers sales (excluding ECs) to exceed 3,200 units for the first quarter of the year. This would make it the highest first-quarter sales since 2021, he adds.

Despite the strong momentum established at the start of the year, not all projects launched in the coming months may perform equally well, notes Knight Frank’s Tay. “Homebuyer demand will largely be dependent on the specific location and property attributes of each specific new project launch, with some projects doing better than others,” he says.…

The Singapore Land Authority (SLA) has put out a tender for twenty heritage bungalows located in Sembawang. These properties are available for lease for a period of five years, with the option to extend for another four years.

The bungalows, which were built in the 1920s and 1930s, are situated along Admiralty Road East, Falkland Road, Auckland Road West, and Fiji Road. Spanning an area of approximately 245,300 sq ft, the properties have a total estimated gross floor area of 94,945 sq ft.

These black-and-white bungalows are being offered for lease with the option of using them as serviced apartments, including for multi-generational and senior co-living purposes. The properties also allow for F&B and retail use, as long as the GFA does not exceed 9,580 sq ft. For serviced apartments, the minimum stay is one week.

Singapore’s cityscape is characterized by towering skyscrapers and advanced infrastructure. Condos, situated in desirable locations, offer a harmonious mix of extravagance and practicality, making them a popular choice among locals and foreigners alike. These accommodations are equipped with various facilities like swimming pools, fitness centers, and security measures, elevating the standard of living and boosting their appeal to prospective renters and buyers. With these added advantages, investors can expect higher rental returns and a rise in property prices over the years. Additionally, new condo launches further contribute to the diverse range of options available for discerning property investors.

According to reports, the tender for these bungalows will be assessed based on a price-quality basis. Interested parties can submit their bids until June 11 at 11am, and the site is expected to be awarded in October.

In other news, the SLA has been exploring innovative ways to make use of state properties, such as turning them into co-living spaces, pop-up event venues, and social impact hubs. The aim is to rejuvenate these properties and create new opportunities for the community. Additionally, the authority is also working towards transitioning to a digital property conveyancing portal by 2026, which will replace the current paper-based process.…

Tan Choon Siang to take over as CEO of CapitaLand Integrated Commercial Trust in 2025

CapitaLand Integrated Commercial Trust (CICT) has announced changes to its board composition, with the appointment of Tan Choon Siang as CEO and current CEO Tony Tan as CCO of CapitaLand Development. According to a bourse filing on March 17, these changes will become effective on May 1.

Tan Choon Siang, who currently serves as the deputy CEO of CICT, will take on the role of CEO and executive non-independent director as of May 1, 2025. He will also be appointed as a member of the executive committee (EC).

In light of these changes, current CEO Tony Tan will no longer hold the position of executive non-independent director and member of the EC. Instead, he will assume the role of chief corporate officer of CapitaLand Development. Tan has been the CEO and executive director of CICT since 2017.

Tan was instrumental in leading the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020, which resulted in the creation of CICT, Singapore’s largest listed REIT with a market capitalization of $15.5 billion.

The bustling cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art infrastructure. Condominiums, strategically situated in prestigious locations, offer a unique combination of opulence and practicality that captivates both locals and foreigners alike. These modern residences are outfitted with a plethora of amenities including indulgent swimming pools, well-equipped fitness centers, and top-notch security services, elevating the standard of living and making them highly desirable to potential renters and buyers. For investors, these attractive features equate to lucrative rental returns and appreciating property values over time. Plus, with Singapore Condo as part of the mix, the allure of these luxurious dwellings only intensifies.

The newly appointed CEO, Tan Choon Siang, has previously served as the manager of CapitaLand Malaysia Trust since 2022 and as the chief financial officer of the manager of CapitaLand India Trust. He was also the former Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2019.…

Keppel and TPG partner to invest in green solutions firm Azura Search for office rentalsIn line with its commitment to sustainability and urban renewal, Keppel has announced that it will shift its focus to brownfield redevelopment projects after the completion of its flagship Keppel South Central commercial tower. According to Samuel Ng, president of Keppel’s real estate division in Singapore, the redevelopment of Keppel South Central is the company’s “showpiece”.

The former Keppel Towers and GE Tower, now known as Keppel South Central, will offer 650,000 sq ft of office, retail, and event space. With typical office floor plates ranging between 20,000 and 22,000 sq ft, the tower is equipped with state-of-the-art technology, such as facial recognition access and 5G Wi-Fi. Additionally, it has a suite of wellness spaces, a swimming pool, and a landscaped terrace, bringing the development in line with expectations for Grade-A office spaces.

In recent years, there has been a growing interest in investing in condos within the thriving city-state of Singapore. This trend has been observed among individuals from Singapore and other countries, who are drawn to the country’s robust economy, stable political climate, and superior quality of living. With its numerous advantages, it comes as no surprise that Singapore has become a popular destination for real estate investments. Among the various options available, condos stand out as an especially appealing choice due to their convenience, amenities, and potential for high returns. However, before making the leap into this venture, it is essential to have a comprehensive understanding of the benefits, considerations, and necessary steps involved in investing in a condo in Singapore. Additionally, keeping an eye out for new condo launches can provide even more opportunities in this bustling market. New Condo Launches should also be considered as they can offer additional options in this lucrative market.

The tower has already secured a major anchor tenant, with negotiations ongoing for the remaining office space and retail units. Occupants are expected to begin moving in as early as June.

Keppel has also implemented green solutions in the redevelopment of Keppel South Central, which has been certified by BCA as a Green Mark Platinum Super Low Energy building. This marks a significant improvement in energy efficiency and cost savings compared to before its redevelopment. According to Keppel, the building will save approximately 6.2 million kilowatt hours (kWh) per year, translating to about $1.8 million in savings annually.

The success of Keppel South Central has prompted the company to shift its focus to other brownfield redevelopment projects in the Asia-Pacific (Apac) region as part of its Sustainable Urban Renewal (SUR) strategy. According to Ng, 87% of occupiers surveyed across Apac are looking to comprise their portfolio with entirely green-certified properties by 2030. However, with limited new office supply and a projected growth of only two sq ft of low-carbon space for every five sq ft of demand, there is a significant opportunity for sustainability-focused retrofits.

To fund such projects, Keppel announced the first close of its flagship Keppel Sustainable Urban Renewal Fund (KSURF) in April, with total funds under management of over $2.3 billion. Keppel will leverage its in-house expertise to execute the renewal works, streamlining the process and cutting costs. To date, Keppel has applied its SUR initiative to eight projects across five countries, with three projects yet to be completed.

Overall, Keppel’s focus on sustainable urban renewal will not only contribute to the company’s bottom line but also play a crucial role in creating a greener, more efficient built environment in Singapore and beyond.…

SRI’s upcoming auction on March 15 will showcase a 99-year leasehold semi-detached house with a guide price of $3.65 million. This three-storey property sits on a 3,034 sq ft corner plot in Kew Heights, District 16. The price of $3.65 million translates to a land rate of $1,203 psf.

Previously owned by a mortgagee, this will be the first time the property is being offered for sale through an auction. The buyer will obtain vacant possession of the house. Spanning across 4,436 sq ft, the house boasts six bedrooms, a family area, and a storeroom spread over three levels. The ground level includes a living hall with a double-volume ceiling, a dining area, a kitchen, and a helper’s room. Additionally, the property features a car porch and a backyard area.

Investing in a condo in Singapore requires careful consideration of financing options. The country provides various mortgage choices, but it is crucial to have an understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, taking into account their income and current debt obligations. To make well-informed financing decisions and avoid taking on too much debt, it is advisable for investors to seek guidance from financial experts or mortgage brokers. Additionally, conducting thorough research on Singapore Projects can help investors determine the best financing option for their condo investment.

According to Mok Sze Sze, managing partner of auctions and sales at SRI, potential buyers can potentially convert some of the open spaces into additional bedrooms, making it an ideal choice for extended or multi-generational families. She also points out that compared to other properties in the area, the land rate of $1,203 psf is relatively lower. In November 2021, the property was sold for $3.19 million ($1,051 psf) according to URA caveats.

Last year, two other 99-year leasehold landed properties in the Kew Vale estate were sold. The latest transaction was a three-storey semi-detached house that fetched $3.35 million in February. It sits on a 2,396 sq ft land area, resulting in a land rate of $1,398 psf. The other transaction was for a three-storey terraced house on a 2,300 sq ft plot of Kew Drive, which was sold for $3.26 million ($1,417 psf) in January.

Property prices for 99-year leasehold semi-detached houses in the Kew Vale estate have seen a steady increase in recent years. URA Realis data shows that seven such houses were sold in 2023 and 2024 at an average land rate of $1,213 psf. This is a significant increase from the average land rate of $1,002 psf from seven transactions between 2021 and 2022.

The property is conveniently located near major expressways such as the East Coast Parkway (ECP) via Bayshore Road and will also be served by the upcoming Bedok South MRT Station along the Thompson-East Coast Line in 2H2026.

There are also several prominent schools in the vicinity, including Temasek Primary and Secondary Schools, Bedok South Secondary, and Bedok View Secondary. Interested buyers can explore the latest listings for properties in Kew Vale through the Ask Buddy app, and also view past sale transactions and price trends for condos and ECs in District 16.…

A penthouse unit at The Trizon, a 289-unit freehold condominium located at Ridgewood Close, recently made headlines for its profitable resale transaction.

The 5,737 sq ft penthouse unit on the 23rd floor was sold for $9.76 million ($1,701 psf) on Feb 27, making it the most profitable resale transaction during the week of Feb 25 to March 4. The seller of the unit had previously bought it for $6.55 million ($1,142 psf) in March 2016, earning a profit of $3.2 million (49%) or an annualized gain of 4.5% over nine years.

This transaction also marks the second most profitable resale deal at The Trizon to date. The record was set two years ago when another penthouse unit with a larger floor area of 7,083 sq ft fetched $11 million ($1,553 psf), earning the seller a record profit of $3.9 million (55%), or an annualized gain of 12% over close to four years. The penthouse unit was originally purchased for $7.1 million ($1,002 psf) in November 2019.

The Trizon is a prestigious freehold development situated in prime District 10. It is surrounded by the exclusive landed enclave of Mount Sinai, as well as other private residential estates such as Pandan Valley and Pine Grove. Other nearby condo developments include Pandan Valley, and two new 99-year leasehold projects – the 520-unit Pinetree Hill and the 552-unit Nava Grove.

The Trizon offers a mix of two- to five-bedroom units, with typical units ranging from 1,012 sq ft to 5,102 sq ft, and penthouses ranging from 5,328 sq ft to 7,083 sq ft. According to the resale caveats recorded by EdgeProp Singapore, the average resale price at The Trizon is approximately $2,017 psf. Meanwhile, nearby developments such as Pandan Valley, a sprawling 605-unit development, commands an average price of $1,449 psf. The Ridgewood condo, a 999-year leasehold development with 425 condo units and 38 landed units, has an average price of $1,728 psf.

In comparison, Pinetree Hill, which was launched for sale in July 2023, has seen units sold this year at an average price of $2,550 psf, while the average price at its launch until end of 2024 was $2,458 psf based on caveats lodged. As of April 2023, the 520-unit development has been sold 78%.

Similarly, Nava Grove, which was launched in November 2019, has achieved an average selling price of $2,460 psf, and has been sold 75% as of April 2023.

Another profitable resale transaction during the same week was recorded at Haig Court, a 360-unit freehold development located on Haig Road in District 15. The transaction involved a 1,442 sq ft unit on the third floor, which sold for $2.84 million ($1,968 psf) on Feb 27. The previous sale price of the three-bedroom unit was just $798,868 ($554 psf) back in 2005. This resulted in a profit of $2.04 million (255%) for the seller, translating to an annualized gain of 6.8% over 19 years.

Haig Court is centrally located in Marine Parade and is close to popular shopping malls such as Katong Shopping Centre, Roxy Square, and I12 Katong. It is also surrounded by renowned educational institutions such as Chung Cheng High School, Tanjong Katong Girls’ School, Tanjong Katong Secondary School, and the Tanjong Katong campus of the Canadian International School.

Rewritten: One major advantage of investing in a condominium is the potential to use its value as leverage for further investments. A common practice among investors is to use their condo as collateral to secure additional financing for new investments, which can help grow their real estate portfolio. However, this strategy carries its own risks, making it important to have a solid financial plan in place and carefully consider the potential effects of fluctuations in the market. For those interested in investing in condominiums, keeping an eye on Singapore Projects can provide valuable insights into the current market and potential future opportunities.

Haig Court is next to two new 99-year leasehold private residential projects – the 846-unit Emerald of Katong and the 638-unit Tembusu Grand. Other new projects in the vicinity include The Continuum, an 816-unit freehold development on Thiam Siew Avenue, and Grand Dunman, a 1,008-unit 99-year leasehold project located on Dunman Road.

Last year, Haig Court recorded eight resale transactions, with prices ranging from $1,719 psf for a 1,076 sq ft two-bedder sold on January 16, to $2,226 psf for a 1,550 sq ft four-bedroom unit sold on December 19. Profits from the resale transactions last year ranged from $450,000 to $2.06 million.

There have been two resale transactions at Haig Court so far this year. The other sale earlier this year was a 1,453 sq ft unit that fetched $3.02 million ($2,078 psf) on January 17. The seller earned a profit of $2.13 million.

On the other hand, the most unprofitable resale transaction during the week occurred at Orchard Scotts. The transaction involved a 2,228 sq ft unit which sold for $3.78 million ($1,696 psf) on Feb 25. However, the unit was previously purchased for $4.35 million ($1,955 psf) back in 2010. This resulted in a loss of $576,000 (13%) for the seller, translating to an annualized loss of 1% over close to 15 years.

Based on resale caveats data, average resale prices at Orchard Scotts have been on the decline in recent years. In March 2010, the average resale price was approximately $2,061 psf, but by March 2020, it had fallen to $1,747 psf. However, average resale prices have marginally picked up in recent months, reaching around $1,760 psf last month.

Orchard Scotts is a 99-year leasehold condo located at Anthony Road in prime District 9. Completed in 2008, the development comprises of 387 units which feature two- to five-bedrooms, sized between 936 sq ft to 4,435 sq ft.…

Securing financial support is a crucial aspect when investing in a condo. With various mortgage options available in Singapore, it is important to familiarize oneself with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, taking into account their income and current debt commitments. Working closely with financial advisors or mortgage brokers can aid investors in understanding the TDSR and make well-informed decisions regarding their financing options, preventing them from becoming over-reliant on debt. For those considering investing in a Singapore Condo, it is vital to be well-versed in the TDSR to ensure a solid financial foundation for their investment.

aged January 30, 2022.Posted on February 21, 2022A two-bedroom unit at The Esta has become the top-selling private condo with a new psf-price high from February 21 to 28. According to the latest transactions, the freehold development soared to a new record of $2,377 psf when a 1,001 sq ft unit changed hands for $2.38 million on February 26. This seventh-floor unit was originally bought in March 2021 for about $1.83 million, or $1,833 psf, making a profit of approximately $545,000. The Esta’s previous peak price of $2,317 psf was set last year in January, when a 1,346 sq ft, three-bedroom unit on the 13th floor was sold for approximately $3.2 million.Over the past three years, The Esta has seen a steady increase in resale prices. In 2022, the project recorded 10 transactions with an average psf-price of $2,012. The following year, the average price climbed to $2,156 across nine resale transactions. Last year, nine more units were resold at an average price of $2,248 psf, reflecting an 11.7% increase in average resale prices since 2022. By absolute price, the most expensive unit sold at The Esta was a 3,477 sq ft, five-bedroom apartment on the 21st floor, which changed hands for $6.25 million, or $1,798 psf, in October 2021.A two-bedroom unit at The Esta was sold for $2.38 million on Jan 30, setting a new psf-price record of $2,377 for the freehold condo (Picture: Samuel Isaac Chua/)The Esta is a 400-unit development spread across five residential blocks along Amber Gardens. Completed in 2008, this District 15 condo features a range of two- to four-bedroom apartments, from 1,001 sq ft to 1,711 sq ft, as well as penthouses ranging from 2,368 sq ft to 3,477 sq ft. It is within walking distance of Tanjong Katong MRT Station on the Thomson-East Coast Line and is near lifestyle hubs such as Katong Shopping Centre and Katong V.Closely following The Esta, the 99-year leasehold condo D’Leedon took second place for the highest new psf-prices recorded during the review period. This development set a new psf-price record of $2,287 when a 1,421 sq ft, three-bedroom unit on the 29th floor was sold for $3.25 million on February 25. The sale slightly surpassed the purchase price of a smaller 1,367 sq ft, three-bedroom unit, which was sold for $3.04 million, or $2,222 psf, on February 26. Prior to these transactions, the record price at D’Leedon stood at $2,180 psf, achieved by the sale of a 2,110 sq ft, four-bedroom unit for $4.6 million last October.In the first two months of this year, 11 units have been sold at D’Leedon, with an average price of $2,065 psf. The lowest psf-price recorded this year was for a 743 sq ft, one-bedroom apartment on the 10th floor, which sold for $1.41 million ($1,898 psf) on February 13.On Feb 25, a 1,421 sq ft, three-bedroom unit on the 29th floor of D’Leedon sold for $3.25 million, setting a new psf-price record of $2,287 (Picture: Samuel Isaac Chua/)Located in District 10 along Leedon Heights, D’Leedon was completed in 2014. The condo consists of 1,703 units, ranging from one- to four-bedrooms and spanning 592 sq ft to 6,534 sq ft. It is within walking distance of Farrer Road MRT Station on the Circle Line and is close to Empress Road Market and Food Centre.Breaking into the top three is Citylights, which also saw a new psf-price high on February 27 when an 893 sq ft, two-bedroom unit on the 26th floor was sold for $1.98 million, or $2,216 psf. This new record is 4.4% higher than the previous peak of $2,122 psf, set in December last year, when an 872 sq ft, two-bedroom unit on the 16th floor was sold for $1.85 million. The sellers of the 26th-floor unit purchased it for about $1.44 million, or $1,610 psf, in April 2019, making a profit of approximately $542,000.Completed in 2007, Citylights is a 600-unit, 99-year leasehold condo situated along Jellicoe Road in Kallang (Picture: Samuel Isaac Chua/)Conveniently located in District 8, Citylights was completed in 2007 and boasts 600 units. The development offers one- to four-bedroom units ranging from 560 sq ft to 3,875 sq ft. It is just a one-minute walk from Lavender MRT Station and is in close proximity to dining and retail options, including Aperia Mall and Kitchener Complex, both within a 300m radius.There were no new psf-price lows recorded during the period in review.…

The latest Emerging Trends in Real Estate Global Outlook for this year, published by PwC and the Urban Land Institute (ULI) on March 12, highlighted some of the top concerns among property investors in the Asia Pacific (Apac) region, including low yields and sluggish transaction volumes.

The report compiled investor sentiment from global asset managers, including companies like US-based Blackstone, UK-based Savills Investment Management, and CBRE Investment Management. According to the survey, over 70% of respondents cited low yields, persistently high interest rates, and geopolitical tensions as their biggest concerns.

(Source: Emerging Trends in Real Estate Asia Pacific 2025 survey)

Despite these concerns, the report noted that Asia Pacific continues to be an attractive market for diversification for industry leaders, due to its growing population, demographic metrics, and divergent monetary policies, such as Japan’s decision to hike short-term interest rates.

In 2024, real estate transactions in the region grew by 13% year-on-year to US$173.5 billion (S$231.3 billion), surpassing growth in other regions like Europe, Middle East and Africa (EMEA) at 12% year-on-year, and the Americas at 11% year-on-year.

(Source: Emerging Trends in Real Estate 2025 survey)

However, as Europe and North America prepare for an upcoming capital markets cycle, with transaction volumes expected to improve in both regions, Asia Pacific is expected to see sluggish transaction volumes. In 2024, liquidity in Asia Pacific was impacted by a drop in transaction volume. For example, in China, transactions decreased by 25% year-on-year to US$418.3 billion (S$557.6 billion), while Hong Kong SAR saw transaction volume decline by 1% year-on-year to US$15.7 billion (S$20.9 billion).

Meanwhile, asset managers in Europe are dealing with different concerns, with the top three prevailing areas of concern being international political instability (85%), further escalation of the war in the region (83%), and Europe’s economic growth (77%).

(Source: Emerging Trends in Real Estate Europe 2025 survey)

Data from leading US-based research and data analytics company, MSCI, also showed that US commercial property prices stabilized last year, ending the year with only a 0.7% decrease. As a result, investors may shift their focus and capital towards these regions in the coming months.

Investing in a condominium in Singapore can bring many advantages, with a high demand from buyers, potential for value appreciation, and attractive rental returns being just a few. However, it is crucial to carefully assess important factors such as location, financing options, government regulations, and market conditions before making a purchase. It is important to conduct thorough research and seek expert advice in order to make informed decisions and maximize profits in Singapore’s dynamic real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, Singapore Projects offer a compelling opportunity. Therefore, it is essential to carefully evaluate all aspects before deciding to invest in a condominium in Singapore.

The report also revealed that data center assets have the highest investment and development prospects across all three regions in 2025. According to New York-based research firm, Green Street, global demand for data centers reached record levels last year, with asking rents growing at a double-digit pace. In its latest research, MSCI also forecasts 2024 as a standout year for this asset class, with acquisitions of existing data centers through single property and portfolio deals increasing by over 60% in the US.

Last September, Blackstone and the Canada Pension Plan Investment Board (CPP) purchased data center firm AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for over US$16 billion (S$21.3 billion), the largest commercial real estate deal ever recorded in Asia Pacific and globally for 2024.

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