Month: January 2025

New project rollouts set to keep collective sales market active in 20225 things to consider when investing in a luxury property in SingaporeThe Government Land Sale (GLS) site at Tengah Gardens Avenue received three bids before its closing on Jan 14.Led by Hong Leong Holdings, the highest bid of $675 million was submitted by a consortium which includes GuocoLand Singapore and CSC Land Group. With it, the consortium is looking at a $821 per square foot per plot ratio (psf ppr).The site is zoned “Residential with Commercial at 1st Storey” and sits on a 99-year leasehold. It is approximately 273,906 square feet and can have a maximum gross floor area (GFA) of 821,720 sq ft. Urban Redevelopment Authority (URA) estimates that the site can hold up to 860 residential units if developed upon.The Hong Leong-led consortium plans to develop an 860-unit condo on the site. The main selling point for the development is the connectivity it will have to the upcoming Jurong Region Line (JRL). According to Loke Kee Yeu, the general manager (Projects) at Hong Leong Holdings Limited, the JRL’s presence will fuel the growth of the new Tengah estate.AdvertisementAdvertisementThe Hong Leong-led consortium’s bid came in one day after the close of another site tender at Dairy Farm Walk. That site only received two bids, again highlighting developers’ cautiousness in today’s market, said Leonard Tay, head of research at Knight Frank Singapore.The top bid for the Tengah Gardens Avenue site came in at just over 0.73% above the second-highest bid. The remaining bidder, local developer Sim Lian Group, offered $812 psf ppr, falling just short of the Chinese developer Kingsford Group’s bid of $815 psf ppr.Despite increased homebuyer activity in the latter part of 2024, developers’ sentiment remains cautious, according to Tay by Knight Frank Singapore. Another factor that has contributed to this is the rally of home prices in 2024, which may not be sustainable long-term. So, developers might choose to focus on the existing sites to be launched in 2025 before making any further moves into the market.Bid spreads of less than 1%However, the bid price spread between the top and bottom bids for the Tengah Gardens Avenue site was less than 1%, which could indicate that developers are more conservative in their approach, says Tay by Knight Frank Singapore.According to Mark Yip, CEO of Huttons Asia, developers are critically aware that they require reasonable land bids to keep their profit margins at a level that is attractive to buyers. This is a possible reason for the low bid price spread between the top-, second- and third-best bids.Yip also believes this year will see an increase in joint bids submitted for GLS sites by developers. In such a scenario, risk can be diversified, which could be one possible reason for the low number of bids received.If bids are made for another GLS site located nearby at Lakeside Drive and Lakeside MRT, they may see the developers looking at a different GLS site. The site is scheduled to launch its tender in April 2025.AdvertisementAdvertisementThis article was edited on the basis that the 99-year contract for this particular GLS site is still ongoing. With this context, the top bid of $821 psf ppr submitted by the Hong Leong-led consortium could result in an average selling price of around $2,000 psf, according to Ismail Gafoor, CEO of PropNex. The site is also situated within a 2km radius of the future co-educational school of Anglo-Chinese School (Primary). This could prove to be very attractive to families looking for a condo.The first private residential project at Tengah HDB township was launched in 2022. This was Copen Grand, an EC jointly developed and launched in May 2021 by City Developments Ltd (CDL) and MCL Land. It sold out within a month of its launch. With a winning bid of $400.32 million, or $603 psf ppr, the 639-unit project was the first EC site in Tengah HDB township.Recently, developers such as Hong Leong Holdings have been making forays into sites that are located in Lentor, Upper Thomson, and Bugis. Marcus Chu, the CEO of ERA, believes that the opportunity to develop the first private condo in the new Tengah estate will have been a strong lure for the Hong Leong-led consortium. He adds that the consortium might want to mirror its other ventures in these locations.Mohan Sandrasegeran, the head of research and data analytics at SRI, believes that if the site is awarded, there’s a high chance of Hong Leong Holdings delivering its 860-unit condo to the market. However, the site may not be reserved for just ECs, which may lead to a wider range of buyers being attracted to the new development. This could include buyers who’re subject to restricted ownership criteria, such as a household income ceiling of $16,000 per month, and a minimum of five years of occupation.

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Investing in a condo has numerous advantages, one of which is the opportunity to utilize the property’s value to acquire further investments. This is a commonly used tactic by investors, who leverage their condos as collateral to secure additional funding for new ventures. In turn, this can diversify their real estate portfolio and potentially increase their returns. However, it is important to note that this strategy also carries its own set of risks. As such, it is crucial for investors to have a solid financial plan in place and carefully consider the potential impact of market fluctuations on their condo investments.…

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As potential investors from outside of Singapore, it is crucial to familiarize oneself with the policies and limitations surrounding property ownership in the country. In comparison to landed properties, there are relatively fewer restrictions for foreigners when purchasing condos. However, it is important to note that foreign buyers are still required to pay the Additional Buyer’s Stamp Duty (ABSD), which currently sits at 20% for initial property purchases. Despite this added expense, the stability and potential for growth in the Singapore real estate market continue to entice foreign investment. For those interested, you may also want to explore the latest offerings of New Condo Launches in Singapore.

A rare opportunity presents itself to own a freehold 15-room loft hotel situated at 739-1 Geylang Road in District 14, now available for sale at $14 million. This property spans across 2 storeys and is accompanied by a newly constructed 4-storey rear extension, occupying a land area of 1,273 sq ft. With an approved gross floor area (GFA) of up to 3,186 sq ft, this hotel boasts not only a prime location but also a permanent “Hotel” zoning and usage approval, making it a highly desirable and sought-after conversion for new conservation shophouses in Singapore.

One of the most attractive features of this hotel is its ideal location, within a short 5-minute walk to the Paya Lebar MRT station, providing unparalleled connectivity. As a dual-line station, serving both the East-West line and Circle line, this MRT station offers guests seamless access to various parts of Singapore, making it a popular choice among travelers.

This hotel, thoughtfully designed with a sophisticated Japandi theme, is currently under construction and is set to receive its Temporary Occupation Permit (TOP) in Q2 2025. The comprehensive sale price includes all construction and renovation costs, ensuring that the property is ready for immediate operation upon purchase, making it a turnkey investment opportunity for those looking to enter or expand their presence in the hospitality sector.

For investors, this property presents an attractive proposition, as the current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. This allows for immediate rental income and operational continuity, making it an appealing option for potential buyers. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., predicts that this hotel will attract owner-operators as they can take advantage of major renovations, resulting in a quick and seamless commencement of operations.

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

For more information on this property, please contact Eva Lau at 92785688, Senior Marketing Director (R062169F) of ERA Realty Network Pte Ltd.

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Singapore has long been renowned for its impressive urban landscape, boasting towering skyscrapers and top-of-the-line infrastructure. One of the most notable features of this bustling city are its highly sought-after condominiums, strategically located in prime areas. These Singapore Projects offer a seamless blend of luxury and convenience, making them a top pick for both locals and expatriates. These condos have become a popular choice due to their desirable amenities, such as lavish swimming pools, well-equipped gyms, and excellent security services. These perks significantly enhance the overall standard of living and make these condos an irresistible choice for potential tenants and buyers. The demand for these remarkable facilities has also caught the attention of savvy investors, as they promise attractive rental returns and a steady increase in property value in the long run. With their exceptional features and promising investment opportunities, it’s no surprise that Singapore Projects continue to be highly sought-after in the competitive real estate market. So, for those looking to invest in the thriving Singapore real estate market, Singapore Projects are definitely worth considering.

JLL Appoints James Cameron as Head of Energy and Infrastructure for Asia Pacific

Global real estate consulting firm JLL has announced the appointment of James Cameron as its new head of energy and infrastructure for Asia Pacific. The newly created role will be based in Singapore, according to a press release issued on January 14.

Cameron will be responsible for building a team in Asia Pacific and his appointment will complement JLL’s existing EMEA Energy & Infrastructure business, creating a global capital advisory capability to better serve developers and investors, both locally and internationally.

JLL notes that Cameron’s appointment is in line with the long-term capital requirements of the region to facilitate the infrastructure and renewable energy build-out necessary to address challenges such as decarbonisation, digitalisation, economic growth, and rapid urbanization.

Stuart Crow, CEO of capital markets for JLL Asia Pacific, says, “We see significant opportunity to leverage our unique expertise in mobilising multiple sources of capital and JLL’s unrivalled track record in advising renewables transactions globally to serve clients within energy and infrastructure across Asia Pacific.”

Cameron will collaborate with JLL’s capital markets, investment banking, and debt advisory teams across the region with a focus on originating capital raising and transaction advisory opportunities for large infrastructure and renewable energy transactions serving various types of investors, including institutional investors, private equity firms, asset managers, strategic infrastructure and energy operators and developers, high-net-worth individuals, and family offices.

With over 25 years of real asset capital markets experience, Cameron was previously the global head of commercial real estate at Standard Chartered Bank. He has experience assembling various forms of private and public equity and debt financing for global and regional infrastructure projects.

Crow adds, “James’ experience in this exciting space is unmatched regionally, and we’re extremely confident in his ability to establish JLL’s leadership position through his expertise and client relationships.”…

Securing financing is a crucial component when it comes to investing in a condo. Fortunately, Singapore offers an array of mortgage solutions to choose from. However, it is imperative to take note of the Total Debt Servicing Ratio (TDSR) framework in order to avoid exceeding borrowing limits based on one’s income and current debt liabilities. Familiarizing oneself with the TDSR and enlisting the help of financial experts or mortgage brokers can assist investors in making well-informed decisions about their financing options and steer clear of over-extending their resources. Additionally, Singapore Projects can also provide valuable insights for potential investors.

The prime Belmont Park Good Class Bungalow (GCB) area has two adjacent properties located at 52 and 54 Belmont Road that are currently up for sale via expression of interest (EOI). According to sources, both GCBs are owned by family members.

These freehold properties sit on a combined land area of 41,741 square feet and have an indicative price of $88.8 million, which translates to $2,128 per square foot on the land area. The pair of plots boasts a 44-meter frontage along Belmont Road and an average depth of 66 meters, as confirmed by marketing agent Sakal Real Estate Partners.

Sakal’s senior director, Lennon Koh, believes that these GCBs will attract families looking to build a new home for multi-generational living or extended families living together. In addition, this property also presents an excellent opportunity for developers looking to enter the exclusive GCB market.

According to URA’s caveats, the most recent transaction on Belmont Road occurred in December 2020, where a GCB on a land area of 19,549 square feet was sold for $40 million, equivalent to $2,046 per square foot.

In July 2024, two adjacent GCB plots on Belmont Road were sold for $131.4 million, representing $3,000 per square foot based on the combined land area of 43,790 square feet. Another nearby GCB located at Bin Tong Park with a land area of 28,111 square feet was sold for $84 million or $2,988 per square foot in April.

Sakal’s managing director, Steven Ming, expects strong interest for the Belmont Road GCBs due to its prime location and the resilient demand for such properties. He also highlights that the estimated total value of GCB transactions in 2024 amounted to $1.32 billion, surpassing the figures for 2023 ($433 million) and 2022 ($1.18 billion), and predicts that there will be more transactions in 2025.

Interested parties can submit their EOI for the GCBs until March 13 at 3pm.…

Purchasing a has become an increasingly favored choice for individuals, both local and foreign, in Singapore. This comes as no surprise, considering the country’s robust economy, stable political climate, and exceptional standard of living. The real estate market in Singapore is thriving, offering a plethora of property options, but condos are particularly in demand due to their prime locations, modern facilities, and potential for high returns on investment. In this piece, we will explore the advantages of investing in a condo in Singapore, as well as the crucial factors to keep in mind and necessary steps to take. Condo is the ideal choice for those looking to invest in the Singapore property market.

JLL has announced the appointment of James Cameron as the new head of energy and infrastructure for Asia Pacific in its capital markets division. According to a press release on Jan 14, the newly created role will be based in Singapore.

Cameron will be responsible for building and leading a team in Asia Pacific, in order to complement JLL’s EMEA Energy & Infrastructure business and create a global capital advisory capability. This move will better serve both local and international developers and investors.

The firm believes that Cameron’s appointment is a strategic move that aligns with the long-term capital requirements necessary to facilitate the infrastructure and renewable energy development needed to combat the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

In addition, Stuart Crow, JLL Asia Pacific’s CEO of capital markets, expresses confidence in the potential of this appointment by saying, “We see significant opportunity to leverage our unique expertise in mobilising multiple sources of capital and JLL’s unrivalled track record in advising renewables transactions globally to serve clients within energy and infrastructure across Asia Pacific.”

Cameron will be collaborating with JLL’s capital markets, investment banking, and debt advisory teams across the region. His main focus will be on identifying and securing capital raising and transaction advisory opportunities for large infrastructure and renewable energy projects. This includes serving institutional investors, private equity, asset managers, strategic infrastructure and renewables operators and developers, high net-worth individuals, and family offices.

With over 25 years of experience in real asset capital markets, Cameron was previously the global head of commercial real estate at Standard Chartered Bank. He brings with him extensive knowledge and experience in mobilising various forms of private and public equity and financing for infrastructure projects globally and regionally.

Crow expresses his confidence in Cameron’s abilities by saying, “James’ experience in this exciting space is unmatched regionally and we’re extremely confident in his ability to establish JLL’s leadership position through his expertise and client relationships.”…

Over the weekend of January 11 to 12, One Bernam, a mixed-use development in Tanjong Pagar with 351 residential units, offered 87 units for sale at discounted prices. The project, a 99-year leasehold apartment tower jointly developed by MCC Land and Hao Yuan Investment, was first launched in May 2021. As of January 10, over 75% of the units had been sold at an average price of $2,585 per square foot (psf), based on caveats lodged.

During the weekend promotion, the discounted prices were applicable to all remaining 87 units, including one-bedroom to three-bedroom units and penthouses. Interested buyers can search for the latest new launches to find out the transaction prices and availability of units.

One-bedroom units, ranging from 441 sq ft to 463 sq ft, saw price discounts from $323,000 to $438,000, with units sold at prices between $1.295 million and $1.328 million (averaging $2,934 psf and $2,869 psf respectively). The two-bedroom apartments, sized from 700 sq ft to 732 sq ft, had discounts of $437,000 to $668,000, with units sold at prices from $1.752 million to $1.78 million ($2,394 psf and $2,544 psf respectively). Meanwhile, the two-bedroom plus study apartments of 807 sq ft to 872 sq ft saw price discounts ranging from $380,000 to $800,000, with units selling for $2.139 million to $2.158 million (averaging $2,581 psf and $2,475 psf respectively).

Investing in a condo goes beyond just the purchase price, as financing plays a crucial role in the process. Fortunately, Singapore provides various mortgage choices to suit the needs of investors. However, it is vital to have a clear understanding of the Total Debt Servicing Ratio (TDSR) framework, which sets a limit on the amount of loan a borrower can take based on their income and existing debt obligations. To navigate this aspect effectively, it is recommended to seek guidance from financial advisors or mortgage brokers, who can offer valuable insights and prevent investors from over-leveraging. It is also worth mentioning that considering Singapore Projects can open up more opportunities for condo investment in the country.

Three-bedroom apartments of 1,421 sq ft had discounts of $616,000 to $830,000, with units sold for $3.496 million to $3.526 million ($2,461 psf and $2,482 psf respectively).

According to ERA Singapore CEO Marcus Chu, the sales performance reflects the strong interest in the property as a stable and high-potential asset. He adds that around 78% of the purchasers bought their units as investments, with 87% of buyers being Singaporeans aged between 31 and 50.

After the overwhelming response over the weekend, only three penthouses are still available for sale, bringing the total sales to 99%. These include two three-bedroom penthouses sized at 1,744 sq ft and 1,948 sq ft, and a five-bedroom penthouse of 4,306 sq ft.

As the project is expected to obtain its Temporary Occupation Permit (TOP) in March 2026, investors can start generating rental income, which can offset their loan instalments, according to Chu. Existing condos in the area such as Altez, 76 Shenton, and EON Shenton are currently fetching monthly rents of $6.90 psf to $7.40 psf, according to EdgeProp Landlens data.

Moving forward, Chu believes that the reduced competition from foreign buyers due to the hike in Additional Buyer’s Stamp Duty (ABSD) imposed in 2023 has opened up more opportunities for local buyers to enter the market. He also expects local demand to continue driving the Central Core Region (CCR) property market, with competitive pricing making developments like One Bernam a desirable and stable investment choice.…

Singapore’s Real Estate Developers’ Association (Redas) has appointed a new management committee for a two-year term. During its Annual General Meeting on January 9, members unanimously re-elected Tan Swee Yiow, Chairman of Keppel Reit Management, as President, marking his second consecutive term in the role.

“I am truly honoured to be re-elected as President of Redas,” said Tan, who expressed his gratitude to members for the confidence and trust placed in him. He also noted that the new management committee comprises a broad representation of various sectors, scales and expertise within the industry.

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

This election comes amidst Redas’ 65th anniversary celebration, where the association honoured Chia Ngiang Hong with the Lifetime Achievement Award. Chia, who has held various leadership positions within Redas, congratulated the new management committee and said Tan’s unanimous re-election reflects his exemplary leadership and the trust placed in him by the Redas community.

Meanwhile, Tan believes that the diversity of the 2025/2026 Redas management committee will enable the association to effectively drive initiatives with a meaningful impact on the broader built environment ecosystem. This includes addressing issues such as the implementation of the Environmental, Social, and Governance (ESG) framework and the use of green premiums in the real estate industry. He also highlighted the need for more conducive land zoning to meet the projected demand for senior housing in Singapore.

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When it comes to investing in real estate, location is a crucial factor to consider, especially in Singapore. Properties situated in central areas or near important facilities, such as schools, shopping centers, and transportation hubs, typically have a higher appreciation in value. Some of the most desirable locations for property investment in Singapore are Orchard Road, Marina Bay, and the Central Business District (CBD). These prime areas have a consistent track record of property value appreciation. Moreover, the presence of prestigious educational institutions in these areas makes in highly sought after by families, further increasing their investment potential. To find out more about , visit their website. You can also explore the option of investing in a Singapore Condo for a promising real estate opportunity.…

The sale of a 3,767-square-foot unit at The Arcadia marked the highest profit among resale transactions in the last three weeks of December. The owner of the four-bedroom unit on the seventh floor sold the property for $4.75 million ($1,261 per square foot) on Dec 10, earning a profit of $3.25 million (217%). The unit had been purchased for $1.5 million ($398 per square foot) in 1998, which means the resale generated an annualized profit of 4.5% over 26 years.

In the same period, The Arcadia saw five units, ranging from 3,714 square feet to 3,821 square feet, sold for profits ranging from $60,000 to $3.25 million. The most recent transaction was on Oct 10, when a 3,778-square-foot unit on the fourth floor was sold for $4.6 million ($1,218 per square foot), earning the seller a $60,000 profit.

Understanding property ownership regulations and restrictions in Singapore is crucial for foreign investors. Unlike landed properties, which have stricter rules, foreigners can easily purchase condos. However, they are subject to an Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite the added expenses, the stability and promising growth of the Singapore real estate industry remain an alluring factor for foreign investments.

JadeScape penthouse sold for $4.35 million profit

Meanwhile, the most profitable transaction at The Arcadia so far was the sale of a 7,503-square-foot penthouse on the 10th floor for $10 million ($1,333 per square foot) in 2010. The penthouse had been bought for $5.5 million ($733 per square foot) in 2007, resulting in a profit of $4.5 million (81%), which translates to an annualized profit of about 19% over three years.

The Arcadia is a 99-year leasehold condo situated in prime District 11 along Arcadia Road. Completed in 1983, the 164-unit development has an estimated 54 years remaining on its lease. The property is surrounded by landed estates, Good Class Bungalows, and top schools such as Raffles Girls Primary School, Hwa Chong Institution, and National Junior College.

Tanglin Hill Meadows records highest profit

The second most profitable resale transaction in the last three weeks of December was the sale of a 2,077-square-foot unit at Tanglin Hill Meadows on Dec 10. The three-bedroom unit was sold for $4.5 million ($2,166 per square foot), after having been purchased for $1.8 million ($866 per square foot) in 1999. The seller earned a profit of $2.7 million (150%), which translates to an annualized gain of 3.6% over 26 years and also makes it the most profitable transaction recorded at Tanglin Hill Meadows so far. The previous record was set in 2010 when a 2,002-square-foot unit was sold for $3.73 million ($1,863 per square foot), earning the seller a profit of $2.28 million (157%). The unit had been bought for $1.45 million ($724 per square foot) in 2005, resulting in an annualized profit of 21% over five years.

Seascape continues to rack up losses

At Seascape, a 99-year leasehold condo situated in Sentosa Cove, losses are continuing to pile up. On Dec 18, the seller of a 2,174-square-foot unit on the seventh floor incurred a loss of $1.97 million (33%) when the unit was sold for $3.98 million ($1,830 per square foot). The seller had purchased the three-bedroom unit for $5.95 million ($2,736 per square foot) in 2011, resulting in an annualized loss of 2.5% over 13 years.

Unit at Island View sold for $3.5 million profit

This sale now marks the third resale transaction at Seascape last year, all of which recorded losses ranging from $1.75 million to $2.53 million. The second-largest loss-incurring resale transaction for 2024 was recorded at Seascape when a 2,680-square-foot unit was sold for $4.5 million ($1,679 per square foot) on Aug 14, 2024, resulting in a loss of $2.53 million.

Seascape, which was completed in 2012, is home to 151 units facing the South China Sea. The property has three-bedroom and four-bedroom units ranging from 2,164 square feet to 4,069 square feet, penthouses measuring 3,380 to 4,252 square feet, and sky villas ranging from 6,631 to 9,666 square feet.…

It is essential to consider the potential rental yield when considering an investment in a Singapore Condo. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore Condo, the rental yields can vary greatly depending on various factors, including location, property condition, and market demand. Generally, areas with high rental demand, such as those near commercial hubs or educational facilities, tend to offer better rental yields. To gain a better understanding of the rental potential of a specific Singapore Condo, conducting thorough market research and seeking advice from reputable real estate agents is highly recommended.

A Good Class Bungalow (GCB) located at Victoria Park has recently been put on the market for a whopping $61 million. Known for being a prestigious residential area, the exclusive enclave of Victoria Park Close has only 10 houses within its cul-de-sac, and with planning guidelines in place, the number of houses within the area cannot be increased unless a larger plot of more than 30,000 sq ft is subdivided. This is according to Jervis Ng, associate group district director at PropNex Realty and the agent responsible for marketing the GCB. Ng, who is also the founder of JNA Real Estate, a property team under PropNex, emphasizes that this is to maintain the exclusivity and privacy valued by ultra-high-net-worth individuals and their families. He goes on to mention that the market has seen an increase in new naturalized Singaporeans investing in GCBs, making this property a potential hot commodity for the recently emigrated who are seeking a status symbol in the form of a lavish home. Victoria Park is home to esteemed residents including Jack Ma, Chinese business magnate and co-founder of Alibaba Group, as well as Tang Wee Kit, a member of the illustrious Tang family, known for founding the Tangs department store.The GCB for sale, which was completed only three years ago, still looks brand new, having been well-maintained and featuring a contemporary interior design with high-quality finishes. The 18,988 sq ft property, according to Ng, was built with efficiency in mind, with a total built-up area of 25,300 sq ft, seven en suite bedrooms, three helpers’ rooms, and a basement carpark that can fit up to seven cars. The basement also has an entertainment room, which can be converted into a guest room if needed, as well as a private gym and a 20m lap pool, which are all located on a hilltop, giving the property a stunning aerial view of the surrounding low-rise neighborhood. According to recent transactions and caveats, the $61 million price tag on the GCB translates to a land rate of $959 psf. Other recent transactions in the area include a 15,253 sq ft plot that sold for $28.33 million in May 2021, translating to a land rate of $1,857 psf, and a 29,956 sq ft plot that sold for $40 million in April 2017. With the anticipated lower interest rates, continued demand from ultra-high-net-worth buyers and limited supply of GCBs, Ng is confident that transaction activity in the GCB market will increase by 10% to 15% this year, which would mean more than 35 transactions and a transaction volume exceeding $1.32 billion achieved in 2020.…

ETC, formerly known as Edmund Tie & Company, has officially changed its name with immediate effect. This rebranding exercise also includes a revamped logo. According to Desmond Sim, the CEO of ETC, the new name has long been an abbreviation used by clients and staff, and the decision to officially adopt it was driven by the people within the company. It showcases the company’s commitment to valuing their employees’ insights, voices, and ideas.

Sim also adds that the refreshed identity reflects how far the company has come as a united ETC and highlights their intention to shape the future of real estate, both locally and regionally. This rebranding also coincides with the company’s 30th anniversary. Since its founding in 1995, ETC has been offering a wide range of services covering every phase of a real estate asset’s lifecycle, from advisory and investment to management and divestment.

Rewritten: One of the advantages of investing in a condo is the opportunity to use the property’s value to make further investments. This can be done by using the condo as collateral to secure financing for new investments, allowing investors to expand their real estate portfolio. However, this strategy should be approached with caution as it also carries certain risks. It is important to have a solid financial plan in place and to carefully consider the potential impact of market fluctuations on these investments. For those looking to invest in Singapore Projects, leveraging the value of a condo can be a beneficial way to grow their real estate portfolio.

In addition, ETC has recently completed the $5 million revamp of Marina Bay Residences, enhancing residents’ living experience and delivering value in premium rents. The company’s portfolio also includes the Noel Building on Tai Seng, which was sold for $81.18 million, 17% above the guide price, and the industrial GS Building in Balestier, which was sold for $67 million. These recent successes further solidify ETC’s position as a leading real estate advisory in the industry.…