Month: February 2025

When considering investing in a condo, it is crucial to consider the aspects of maintaining and managing the property. Unlike traditional real estate, condos come with ongoing maintenance fees that are used to cover the upkeep of shared areas and amenities. While this may add to the overall cost of owning a condo, it is important to note that these fees are essential in maintaining the property’s condition and value. To simplify the management of their condo investment, many owners choose to enlist the services of a property management company. This approach can transform the investment into a more hands-off experience for the owner, allowing them to entrust the management of their condo to professionals.

The Collective, a high-end brand owned by JustCo, a local flexible workspace operator, has recently launched its first flagship co-working space in Tokyo. According to a press release on February 19, the new space spans over 24,000 square feet and is located in GranTokyo South Tower, a 42-storey building in the bustling Marunouchi district in Chiyoda City ward. Its prime location near Tokyo Station offers convenient access to both Narita and Haneda airports.

Taking inspiration from the iconic Tokyo Station, The Collective aims to provide a luxurious and comfortable experience to its members. “We wanted to pay tribute to the sophistication and warmth of a luxurious voyage,” the group stated.

The co-working space offers a range of options such as hot desks, meeting rooms, private suites with 24/7 secured access, and larger enterprise suites with exclusive entrance features and personalized workspace designs. All workspaces are outfitted with top-of-the-line Herman Miller Aeron chairs and Benel adjustable desks.

The Collective also boasts additional amenities including a TWG Tea Bar, which provides refreshments throughout the day, and a “wellness sanctuary” where members can take a break from work. With its elegant and functional design, The Collective is set to provide a premium working environment for individuals and enterprises alike.…

CT Pemimpin, located at 43 Jalan Pemimpin in the Central Region, is a newly launched B1 industrial factory project developed by Chiu Teng Group. The renowned developer has established a reputation for delivering quality commercial and industrial spaces in Singapore.

Boasting a coveted location in the heart of Singapore’s District 20, CT Pemimpin is an ideal site for both companies looking for a well-connected location and property investors seeking a rare permanent investment opportunity.

With sustainability in mind, CT Pemimpin offers communal facilities including two rooftop pavilions for outdoor gatherings, rooftop solar panels, and two passenger lifts plus a service lift. The nine-storey factory also features 56 strata-titled units and three canteen units, with floor heights ranging from 5.6m to 7.35m, selected units also offering mezzanine floors on levels one and five. Each unit includes individual toilets for convenience and privacy.

Another unique feature of CT Pemimpin is its generous one-to-one carpark ratio, which provides 59 parking lots, including two EV lots. There are also two loading and unloading bays, as well as a lorry park catering to rigid-frame vehicles measuring less than 7.5m.

According to ERA Singapore CEO Marcus Chu, CT Pemimpin will attract both investors and end-users due to its lack of Additional Buyer’s Stamp Duty (ABSD) for industrial properties and its potential for risk diversification. Chu also highlights that the development’s freehold status makes it a rare find in the market, making it highly attractive to discerning investors and companies in the information and communications media industry.

When it comes to investing in condos in Singapore, there is another crucial factor that must be taken into consideration – the government’s property cooling measures. Over the years, the Singaporean government has implemented several measures to prevent speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have a short-term impact on the profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a more secure investment environment. In fact, with the latest developments in Singapore Projects, the condo market is projected to continue to thrive in the future.

Additionally, noted SRI managing partner Ken Low explains that CT Pemimpin’s sleek modern facade and central location distinguish it from traditional B1 industrial developments, making it appealing to a wider pool of potential investors and end-users. Low emphasizes that the last freehold industrial launch in the area over 10 years ago, Mapex, has a proven track record of good profitability and rental rates.

The development’s unparalleled connectivity is another major selling point, with Marymount MRT station (Circle MRT Line) just a five-minute walk away, and Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line) both within a five-minute drive. Residents can also easily access major expressways such as PIE and CTE, with the completion of the North-South Corridor in 2027 further improving connectivity. The area is also surrounded by popular retail and dining options, as well as reputable schools such as Raffles Institution, Catholic High School, and Eunoia Junior College.

Since its establishment in 1999, Chiu Teng Group has earned a strong reputation as a reliable property developer and builder, particularly in the industrial and commercial sectors. With a diverse portfolio of projects including popular developments like CT FoodNEX and CT Hub, the developer is now adding CT Pemimpin to its lineup.

The preview of CT Pemimpin begins on February 21 2025, so don’t miss the opportunity to secure your rare freehold industrial space. Call 8100 8017 or visit Chiu Teng Group to arrange a viewing today.…

Conveniently located in Lentor Hills, the upcoming Lentor Central Residences is the latest residential project to hit the market. A joint venture by Hong Leong Holdings, GuocoLand and CSC Land, this 477-unit development will be showcased on Feb 21st before going on sale on March 8th.

Situated at the sixth development in Lentor Hills, the upcoming Lentor Central Residences will consist of two high-rise blocks, one with 28 storeys and the other with 27 storeys. This project will offer a diverse range of one- to four-bedroom units, ranging from 463 square feet to 1,399 square feet.

Prospective buyers can find out more about the available units and their respective prices for Lentor Central Residences. According to the developers, one-bedroom units will start from $975,000 ($2,110 per square foot), while two-bedroom units will begin from $1.38 million ($2,050 per square foot). As for three-bedders, they will be priced from $1.81 million ($1,984 per square foot) and four-bedroom units will commence at $2.37 million ($2,000 per square foot).

When considering investing in Singapore Condos, it is important to take into account the impact of the government’s property cooling measures. Over the years, the Singaporean government has implemented various measures to regulate speculative buying and maintain a stable real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the immediate profitability of Singapore Condos, they also play a crucial role in ensuring the long-term stability of the market and creating a more secure investment environment.

The developers have also promised that this residential project will provide an array of amenities for families, such as a childcare centre and a children’s playground within the development. Other condo facilities include a clubhouse, a 50-metre infinity-edge swimming pool, a gym, a yoga room, and a tennis court.

Betsy Chng, head of sales and marketing at Hong Leong Holdings, emphasizes that one of the main draws of Lentor Central Residences is its proximity to Lentor MRT Station and the upcoming Thomson-East Coast Line. This means that residents will have easy access to the city centre.

In addition, the residential development is in close proximity to various retail and dining options, such as Lentor Modern, an integrated project by GuocoLand, Thomson Plaza, and several eateries along Upper Thomson Road and in the nearby Springleaf estate.

Chng further adds that Lentor Hills is a burgeoning district that is poised for significant growth, and is expected to become one of Singapore’s most sought-after areas for homebuyers. “We, together with our partners, are committed to fulfilling our vision of offering premium yet reasonably-priced homes that prioritize liveable space,” she says.

The sales gallery for Lentor Central Residences is located on Lentor Hills Road. Those interested can check out the latest listings for properties in Lentor Central Residences on Ask Buddy, and also get more information on condo rental and sale transactions in District 26, as well as up-to-date price trends for new condominium sales versus executive condominium sales. The project summary for Lentor Central Residences can also be found on Ask Buddy for ease of reference. In total, this development will feature 477 units and is set to be a highly sought-after project in the appealing Lentor Hills district.…

Singapore Realtors Inc (SRI) has recently announced a partnership with Redbrick Mortgage Advisory to enhance the skills and knowledge of its salespersons. Through this collaboration, Redbrick will provide training for SRI agents on advanced mortgage strategies, equipping them with the ability to offer expert advice to homebuyers on financing options.

According to Redbrick CEO Eugene Huang, the partnership aims to empower SRI salespersons to become trusted advisors who can provide tailored financing solutions and help buyers make informed decisions. This will ultimately lead to a more seamless and efficient homebuying process for clients.

When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. Rental yield refers to the yearly rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary significantly depending on factors such as location, property condition, and market demand. Generally, areas near business districts or educational institutions experience higher rental demand and thus offer better rental yields. In order to gain insights into the rental potential of a specific condo, conducting thorough market research and seeking advice from real estate agents is essential. Additionally, keeping an eye on New Condo Launches can also provide valuable information for potential rental income.

Aside from training, Redbrick will also supply SRI agents with updated mortgage rate information from over 15 financial institutions. This will allow SRI agents to share with clients the latest financing options quickly and accurately.

SRI CEO Thomas Tan also expressed his excitement over the collaboration, stating that the partnership will strengthen SRI’s capabilities and enable their agents to serve clients better. With Redbrick’s expertise and access to real-time mortgage data, SRI agents can provide clients with the most up-to-date financing options.

This partnership highlights the commitment of both SRI and Redbrick to continuously improve and provide top-notch services to their clients. It also serves as a testament to the strong alliance between the real estate and mortgage industries in Singapore.…

Frasers Property Singapore’s mixed-use development in Bedok, Sky Eden@Bedok, is now offering its retail podium for sale through an expression of interest. The guide price for the podium, which consists of 12 strata retail units on the ground floor, is $45.2 million.

The total strata area of the podium is approximately 11,193 sq ft, translating to a guide price of $4,038 psf. The retail units can be sold collectively as a portfolio, individually, or in clusters, as stated by marketing agent CBRE. The units range in size from 398 sq ft to 1,313 sq ft, with prices starting from $1.91 million to $5.55 million. All the units are approved for F&B use.

Located in Bedok Central, Sky Eden@Bedok is currently under construction. It is a 99-year leasehold development with 158 residential units spread across two 16-storey towers, situated on top of the retail podium. It is just a short walk away from the Bedok Integrated Transport Hub, which comprises Bedok MRT Station and a bus interchange that is connected to Bedok Mall.

Launched in September 2022, Sky Eden@Bedok was the first private residential launch in Bedok Town Centre in a decade. All residential units have been fully sold since then, and the development is expected to receive its temporary occupation permit in the fourth quarter of 2025.

According to Michael Tay, the head of capital markets for Singapore at CBRE, the strata retail units at Sky Eden@Bedok are the first private commercial properties available for sale in Bedok Town Centre. He also mentions that due to the manageable quantum of the asset, CBRE is confident that it will attract various investors, including boutique real estate funds, family offices, high net worth individuals, and F&B business owners looking to venture into the tightly held residential enclave.

It is crucial for international investors to be familiar with the guidelines and limitations surrounding property ownership in Singapore. Unlike landed properties, which have stricter regulations, foreigners are generally able to acquire condos with fewer restrictions. However, they must adhere to the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their initial property purchase. Despite this extra expense, the stability and potential for growth in the Singapore real estate market remains a strong attraction for foreign investment. In fact, many are drawn to the purchase of a Singapore Condo due to its promising returns.

The EOI for the retail podium will close on April 3 at 3pm. Interested parties can check out the latest listings for Sky Eden@Bedok properties on Ask Buddy. They can also view the 2-bedroom floor plans, site plan, and transaction data for the development, as well as other projects in District 16 on the website.…

application exerciseBukit Batok, Hougang, Tampines, and Toa Payoh are among the 29,000 HDB flats selected for the Home Improvement Programme (HIP), as announced in a press release by the Housing and Development Board (HDB) on February 16. The government has allocated over $407 million for the upgrading works, which will help address common maintenance issues in older flats.

Since its introduction in 2007, the HIP has been aimed at aiding flat owners in resolving common wear and tear related maintenance issues in older flats. As per the press release, 494,000 flats, accounting for nine out of ten eligible flats, have been selected for the programme since its inception. Furthermore, close to 381,000 flats have already undergone upgrades, according to Minister for National Development Desmond Lee.

Flats located in Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh and Woodlands have been selected for the latest round of the HIP.

The programme covers necessary repairs such as fixing spalling concrete and addressing ceiling leakages due to wear and tear, to ensure the basic safety needs of residents. These essential improvements are fully funded by the government for Singapore citizen households.

Flat owners have the option of choosing additional improvements such as renovations to existing bathrooms and toilets, installing a new entrance door and grille gate, and replacing the refuse chute hopper. The government subsidises these optional improvements, with Singapore citizen households paying a minimal fee of 5% of the cost, based on the type of flat.

In addition to the HIP, the Enhancement for Active Seniors (Ease) programme has been in place since 2012. Under this, flat owners can choose to install senior-friendly fittings such as grab bars, ramps, and slip-resistant treatment for toilet and bathroom tiles. The government covers up to 95% of the costs for Singapore citizen households under this programme.

As of March 31, 2014, approximately $4 billion has been allocated to the HIP and around $150 million to the Ease programme, as reported by HDB. Interested individuals can check out the latest listings for HDB properties on the Ask Buddy platform, which also provides information on past HDB sale and rental transactions, loan options, and price trends for HDB, condominiums, and landed properties.

When it comes to investing in a condo, securing financing is a crucial factor. In Singapore, there are various mortgage options available, but it is important to have a thorough understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take, taking into consideration their income and existing debt obligations. For investors, it is imperative to be well-informed about the TDSR and seek guidance from financial advisors or mortgage brokers in order to make wise decisions and avoid taking on too much debt. Additionally, for updates on the latest condo launches, check out New Condo Launches.…

An opportunity to own a 3,391 sq ft strata-titled unit has arisen at Bukit Timah Plaza mall. The unit, which is approved for restaurant use, is being put up for sale at an asking price of $9.8 million ($2,890 psf). This is a 12% discount from its previous listing price of $11 million in 3Q2022. According to Clemence Lee, CBRE’s executive director of capital markets, who is marketing the property, the price reflects the current market conditions.

This spacious unit is situated in the basement two of the mall and boasts a 20m frontage facing the central plaza. It is currently fully leased and will be sold within the existing tenancy. The unit has a 99-year leasehold from 1976, giving it a remaining lease of 50 years. This offering presents a unique opportunity for investors to acquire a prime property with a long-term lease.

The pricing for the unit is in line with recent transactions for units in basement two of the mall. In March 2024, a 441 sq ft unit changed hands for $1.43 million ($3,240 psf), and an 850 sq ft unit fetched $2.5 million ($2,940 psf). This was based on caveats lodged.

Bukit Timah Plaza is a mixed-use development completed in 1979. It comprises a four-storey retail mall and two apartment blocks with 269 residential units at Sherwood Towers. The mall is one of the most visited in Bukit Timah, housing one of the largest Fairprice Finest supermarkets in Singapore, spanning over 44,000 sq ft. This makes it an attractive location for businesses and ensures a steady stream of foot traffic for the retail outlets.

Bukit Timah Plaza is located at 1 Jalan Anak Bukit and is within walking distance of Beauty World MRT Station and King Albert Park MRT Station on the Downtown Line. It is surrounded by numerous private residential developments, with an estimated population of around 37,000. The area is also home to notable educational institutions such as the Singapore Institute of Technology (SIT), Singapore Institute of Management (SIM), Ngee Ann Polytechnic, Methodist Girls’ School, and Pei Hwa Presbyterian Primary School.

The mall is in close proximity to the bustling Beauty World area, which is currently undergoing rejuvenation with the development of several new mixed-use, integrated developments. These include The Reserve Residences and the redevelopment of the former Bukit Timah Market and Food Centre, which is expected to be completed in late 2029. This makes Bukit Timah Plaza an ideal location for businesses seeking to establish a presence in an up-and-coming area.

To sum up, purchasing a condominium in Singapore presents a multitude of benefits. These include a high demand for properties, potential for an increase in value, and attractive rental rates. However, it is crucial to take into consideration various factors such as location, financing options, government regulations, and market conditions before making a decision. Through thorough research and seeking assistance from professionals, investors can make well-informed choices and maximize their returns in Singapore’s thriving real estate market. Whether you are a local investor seeking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, the new condo launches in Singapore offer a promising opportunity. Don’t miss out on this enticing prospect by staying updated with New Condo Launches.

The unit is being offered for sale through an expression of interest that is set to close on Mar 19. This presents a time-sensitive opportunity for interested parties to acquire a prime property at a discounted price. Interested buyers can visit our website to view the latest listings for Bukit Timah Plaza and the nearby Sherwood Towers properties.…

A pair of adjoining strata retail units in Peninsula Plaza is currently available for purchase with an asking price of $10.9 million. Located on the ground floor, these 999-year leasehold units offer prominent frontage along North Bridge Road.

The combined strata area of these two units is 1,119 sq ft, with one unit measuring 538 sq ft and the other 581 sq ft. The asking price translates to $9,741 psf based on the strata area. Currently tenanted until 2026, these units provide investors with a 3% gross rental yield.

According to Nick Chan, Associate Director of Investment Sales & Capital Markets at Savills Singapore, the two units have the best street frontage within the development and benefit from high footfall on a daily basis. Chan is in charge of the private treaty sale of these units.

Investing in a real estate property in Singapore is a wise decision for both local and foreign investors. The country’s robust economy, stable political climate, and high standard of living make it an ideal location for real estate investment. Among the various investment opportunities available, Singapore Condos stand out as a top choice due to their convenience, luxurious amenities, and potential for high returns. In this article, we will delve into the advantages of investing in a Singapore Condo, important factors to consider, and the crucial steps to follow for a successful venture in the country’s real estate market.

Peninsula Plaza is a 999-year, 30-storey mixed-use commercial building completed in 1980. It comprises a six-storey retail podium and a 24-storey office tower, and features prominent frontages along North Bridge Road, Coleman Street, and Coleman Lane. The building also has a sheltered link to City Hall MRT Interchange Station for the North-South and East-West lines.

The last ground-floor retail unit transaction at Peninsula Plaza took place in August 2022, with a 452 sq ft unit selling for $4.08 million ($9,025 psf), as recorded in a caveat lodged at the time.

Since the Urban Redevelopment Authority (URA) introduced restrictions on the strata subdivision of commercial properties in the CBD and Orchard corridors in March 2022, there has been a growing demand for strata-titled units, especially those with 999-year and freehold tenure, according to Chan.

Peninsula Plaza offers a sheltered walkway to City Hall MRT Interchange Station for the East-West and North-South lines. Interested buyers can check out the latest listings for properties in Peninsula Plaza, such as six commercial units currently available for sale from $8.6 million, a portfolio of four retail units at $50.8 million, and a retail unit on sale for $26.2 million.…

‘impressive’: Ong Ye Kung

Brand New Land, a real estate development company, had a vision to bring elements of Good Class Bungalow (GCB) homes into accessible luxury semi-detached homes. They found the perfect partner in Pau Loh, managing director of Tellus Design, who is well-known for his expertise in GCB design. Together, they co-created a collection of 4 semi-detached homes in Bukit Timah and Upper Bukit Timah, each with thoughtful elements adopted from best practices of GCB homes.

Named “The Great Trees Collection”, the homes at 23 & 23A Maple Avenue and 25 & 25A Jalan Selanting range in land size from 2,790 to 3,130 sq ft. Each home comes with a lift, swimming pool, and gourmet kitchen provisions. Brand New Land’s philosophy of creating value for their clients is reflected in the fair pricing of the homes, leaving room for potential upside for buyers.

Inspired by the legacy of nature, the homes are designed to create intimate and private spaces for different functions, similar to those found in larger bungalows. This includes designated zones for receiving guests, dining, gourmet cooking, and entertainment. The homes also feature awe-inspiring views, such as the tranquil pool and lush greenery at 23 Maple Avenue, and private corners for intimate conversations at 25 Jalan Selanting.

The semi-detached homes have a ceremonial entrance, framed by greenery, water, and warm and rich façade materials, to celebrate the transition from outside to inside. The homes also feature Loh’s signature design elements, such as wide overhanging eaves and deep recesses, to provide shelter and cool the interiors. The use of nature-inspired cladding elements and a rich palette of wood-grain finishes adds a touch of quiet luxury to the homes.

Condo investments in Singapore have become a favored option for both local and foreign investors, thanks to the country’s strong economy, stable political climate, and high quality of life. With a thriving real estate market, Singapore offers a multitude of opportunities, with condos standing out for their convenient locations, top-notch amenities, and potential for lucrative returns. This article will delve into the advantages, factors to keep in mind, and necessary steps when considering a Singapore Projects investment in a condo.

Brand New Land has also collaborated with luxury kitchen specialist Arclinea Singapore to create gourmet kitchen experiences in these homes. This partnership aims to inspire everyday connections in extraordinary kitchen spaces. The company’s collaboration with Arclinea Singapore brings a special edge to the kitchens at 25 Jalan Selanting and 23 & 23A Maple Avenue.

According to Brand New Land co-founder and director, Alvina Teh, their vision for this collection is to bring the best GCB design principles into their semi-detached homes. She also expresses her excitement for the future and the impact these homes will have on the lives of their future residents.

For more information on these homes, interested buyers can visit the Brand New Land website or follow them on social media for updates on upcoming launches.…

When considering an investment in a Condo, it is important to carefully consider financing. In Singapore, there are several mortgage options available, but it is crucial to have a thorough understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework establishes a limit on the amount of loan a borrower can take based on their income and current debt obligations. In order to make wise financing decisions and avoid overextending financially, it is crucial for investors to have a clear understanding of the TDSR and seek guidance from financial experts or mortgage brokers. Investing in a Condo is a significant financial decision, and being well-informed about the TDSR will help investors make sound financial choices. Condo

A 99-year leasehold HDB shophouse located at 214 Serangoon Avenue 4 will be going up for auction on Feb 26 by SRI. This two-storey property includes living quarters on the second floor and boasts a total floor area of approximately 1,668 sq ft. The guide price for the shophouse is set at $1.98 million, equating to $1,187 psf on the floor area.This is the second time the property is being auctioned by SRI, with the first attempt taking place last month with a higher guide price of $2.08 million, but without any success. According to Jansen Kee, assistant manager of auctions at SRI, the shophouse benefits from a prime location as it sits in front of a bus stop, providing excellent visibility from the main road.Read also: Auction listings surge 47.7% q-o-q in 4Q2024, but success rate declines The shophouse is currently tenanted, generating rental yields of about 6.2%, based on the guide price. Kee also mentioned that the property will be sold with its existing lease, which expires in 2026, allowing the new owner to start earning rental income immediately.The listed guide price for this HDB shophouse is one of the most competitive in the area, making it an appealing choice for both investors and owner-occupiers. According to URA records, the latest commercial shophouse transaction within Serangoon was the sale of a 999-year leasehold shophouse along Lichfield Road. This two-storey property spans a land area of 2,319 sq ft and was sold for $4 million ($1,725 psf) in November 2024. The property on offer at the upcoming auction is situated in a cluster of HDB flats that borders the landed residential estate of Serangoon Gardens. It is conveniently located opposite Serangoon Swimming Complex and Serangoon Sports Centre, ensuring a steady flow of foot traffic in the area. Carpark lots are also available behind the shophouse. Check out the latest listings for properties in Serangoon Garden Estate in our Ask Buddy feature. You can find out more about the buyer profile, price trends, rental yields, and completion year of properties in this desirable area.…