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Investing in real estate requires careful consideration of various factors, with location being a key consideration, especially in Singapore. Condos that are located in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs are known to exhibit a higher appreciation in value over time. Prime locations in Singapore, including Orchard Road, Marina Bay, and the CBD, have consistently shown a strong growth in property values. Additionally, the availability of high-quality schools and educational institutions in these areas makes condos a highly desirable investment option for families, further solidifying their investment potential. Including Singapore Condo in the rewritten paragraph further emphasizes the focus on the real estate market in Singapore.

Freehold mixed-use development Roxy Square, situated in the residential area of Katong, is up for sale once again, according to a statement released by JLL, the marketing agent for the property.The development, which includes 296 commercial units, 26 apartments, and the 576-room Grand Mercure Roxy Hotel, was initially put up for tender in July last year with a starting price of $1.25 billion. However, the tender was unsuccessful and has since been closed on Sept 26.JLL has revealed that the owners of Roxy Square are currently in the process of signing a supplemental agreement to reduce the collective sale price by 10.8%, bringing it down to $1.115 billion. In order to successfully proceed with the lower price, at least 80% of the owners need to provide their support. Currently, more than 70% of owners have already expressed their agreement.Read also: JLL, CapitaLand Investment and ULI announce leadership appointmentsThe new price for Roxy Square is expected to equate to a unit land rate of $1,852 per square foot (psf) per plot ratio (ppr). This already includes a Land Betterment Charge (LBC) at the gross plot ratio of approximately 3.86. Taking into account an additional 10% bonus gross floor area (GFA) for the residential component and the LBC, the land rate is estimated to be around $1,804 psf ppr, according to JLL.Executive director of capital markets at JLL Singapore, Tan Hong Boon, states: “The private residential market in Katong has strong underlying support. Recent launches like Meyer Blue and Emerald of Katong have shown impressive sales, boosting developers’ confidence in Roxy Square’s potential.”Located between Holiday Inn Express Singapore Katong and Katong Plaza, Roxy Square was completed in 1996 and boasts a gross floor area (GFA) of 668,000 square feet. Under the 2019 Master Plan, the property is partially zoned for commercial and residential use, with a gross plot ratio of 3.0 along East Coast Road. A portion of the development that fronts Marine Parade Road is zoned for hotel use.According to recent planning advice from URA, the entire Roxy Square site can be rezoned for commercial and residential use and redeveloped into a high-rise mixed-use development with a height of up to 75 metres.Read also: River Valley Apartments launched for collective sale at $56 millionProceeding with the redevelopment of the site could potentially result in more than 350 residential units, approximately 80,000 square feet of retail and F&B space, and an additional 172,000 square feet for office, hotel or other commercial uses, shares JLL.The property is also easily accessible via East Coast Parkway (ECP) and Nicoll Highway and is part of the Round-Island Route and Park Connector Network. In addition, Tan notes: “The proposed reduction in reserve price, if supported by the majority owners, enhances the site’s appeal, especially considering the area’s consistent demand for quality residences. This sale will aim to thoughtfully shape a key part of Singapore’s East Coast for the future.”Interested buyers can submit their bids for Roxy Square up until Feb 18 at 3pm. Roxy Square properties currently on the market can be viewed on the latest listings.…

The Arcady at Boon Keng is set to become a new landmark in the Boon Keng area upon its completion in 2027. Developed by the trusted local developers KSH Holdings, SLB Development, and H10 Holdings, this 172-unit freehold condominium will feature modern architecture, setting it apart as a standout residence in the neighbourhood.

Collaborating with award-winning architectural firm Park + Associates, the developers have crafted a distinguished residence that resonated with investors and local buyers when it was launched for sale in January. The one-bedroom plus study and two-bedroom units’ efficiently designed layout appealed to many, while families appreciated the project’s spacious units and abundance of family-friendly amenities.

The Arcady at Boon Keng offers buyers a rare opportunity to invest in an affordable freehold development in the city-fringe neighbourhood, standing out among only a handful of new freehold projects launching this year.

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Singapore’s condo market continues to thrive as the country grapples with limited land availability. As a small island nation experiencing rapid population growth, Singapore faces the daunting task of finding ample land for development. Consequently, the government has implemented stringent land utilization regulations, resulting in a highly competitive real estate landscape with constantly increasing property prices. Consequently, investing in real estate, particularly condos, presents a lucrative opportunity for attractive returns, given the potential for capital appreciation.

Creating a peaceful oasis, the developers and designers have adopted a bold architectural form that blends seamlessly with a curated landscape design, transforming the project into an urban oasis in the bustling city-fringe neighbourhood. The architects at Park + Associates and landscape architect Ecoplan Asia have collaborated on the multi-layered design, optimizing the total space available for verdant greenery and combining three-storeys worth of facilities into a ‘one-stop’ zone across just two floors. This efficient use of space can also be seen in other areas with abundant facilities, such as the 14th floor and the rooftop terrace.

The development boasts a range of family-friendly facilities, including a Social Deck for parents to relax while their children play at the nearby Kids Playground. Families can also enjoy a weekend of fun together at the Family Deck beside the Splash Patio and Family Pool. Water facilities include an infinity pool, spa pool, and family pool overlooked by the second-storey Sky Terrace. Access to the Sky Terrace, perfect for an indoor retreat, is just a few steps away. A dedicated kids’ zone with a Party Deck and Kids Club will keep children entertained, while parents can unwind at the Chill Out Lounge overlooking the Botanic Club.

Guests can enjoy a private chef-created alfresco dining experience at the Arcady Club on the 14th floor, taking in the spectacular view. Fresh produce can also be grown at the community garden on the rooftop, providing a convenient source of organic ingredients. Guests can also be accommodated at the Gourmet Vista on the 14th floor, boasting a 360-degree panoramic view of the surrounding skyline. With 47 condo facilities spanning over 4,000 sq m, each of the 172 households at The Arcady at Boon Keng can find its pocket of excitement.

The residential tower and unit orientation have been thoughtfully considered, resulting in a north-south orientation elevated about 18m above street level to maximize views. Additionally, units are tilted away from the main road, significantly reducing traffic noise. Units on higher floors will have optimum views of the Kallang River, while south-facing units will face the direction of Marina Bay.

The layout of each unit has been efficiently designed, with spacious master bedrooms able to accommodate king-sized beds and common bedrooms easily fitting queen-sized beds. The development has seen steady sales of its larger units, including three-bedroom units of 969 sq ft, three-bedroom plus study units of 1,281 sq ft, and four-bedroom units of 1,410 sq ft. There are also two penthouses of 2,433 sq ft and 2,583 sq ft. Families with school-going children and couples will find that the development meets many criteria – a comfortable home within a conveniently located condo boasting a full suite of amenities for all family members to enjoy.

Nearby schools include Bendemeer Primary School, Bendemeer Secondary School, St Andrew’s Junior School, and Hong Wen School. Other amenities in the vicinity include Woodleigh Mall at Bidadari Park Drive and Bendemeer Mall along Bendemeer Road.

“The Arcady at Boon Keng’s convenient location and connectivity are likely drawing buyers to the development,” says Ismail Gafoor, CEO of PropNex Realty, one of the project’s marketing agents. Dhoby Ghaut MRT Interchange Station, linking the North-East Line, North-South Line, and Circle Line, is just three stops from Boon Keng MRT Station. With the Boon Keng MRT Station on the North-East Line only a six to seven minutes’ walk from the project, residents will enjoy a relatively short commute to the city. “We observe that many home buyers these days prefer projects within walking distance to an MRT station; convenience is highly valued given today’s busy lifestyle,” adds Gafoor.

Mark Yip, CEO of Huttons Asia, agrees that The Arcady at Boon Keng presents a rare opportunity as a freehold property in a central location with easy access to major expressways like the CTE and PIE. The development will also benefit from its proximity to the rejuvenated Kallang precinct, which will see new sports and leisure facilities developed as part of the Kallang Alive Masterplan, announced during Prime Minister Lawrence Wong’s inaugural National Day Rally this year.

The Kallang Alive Masterplan aims to bring together several key sporting associations and the Singapore Sports School into one integrated precinct. Planned state-of-the-art sports facilities and a new 12,000-seat stadium will support sports and recreation activities.

Since the project’s launch in January 2024, all one-bedroom-plus-study units have been sold, and close to 90% of two-bedroom units have been snapped up. With an average selling price of about $2,570 psf, its freehold tenure and potential for relatively greater capital appreciation compared to new 99-year leasehold projects make The Arcady at Boon Keng an attractive investment opportunity.

“The Arcady at Boon Keng is attractively priced relative to its location near the city and the MRT station,” says Hutton’s Yip. PropNex’s Gafoor concurs, adding: “The average transacted price of $2,570 psf at The Arcady at Boon Keng is lower than the overall average unit price of about $2,840 psf for new freehold, non-landed private homes in the RCR for 2024. In fact, it is also slightly lower than the average transacted unit price of new 99-year leasehold projects in the RCR of about $2,600 psf.”

“The Arcady at Boon Keng checks many boxes for home buyers today,” says Gafoor. “The project is located in a well-established neighbourhood in the city fringe, has good connectivity and easy access to the PIE. Another plus is its freehold land tenure, making it ideal for legacy planning and wealth preservation.”

“With the scarcity of new home launches in the area, we anticipate HDB upgraders will naturally gravitate towards The Arcady at Boon Keng,” says Marcus Chu, CEO of ERA. “Additionally, with nearly 1,400 upcoming MOP units from the Bidadari HDB estate, the potential pool of buyers for The Arcady at Boon Keng is even larger.”

Interested buyers can view the sales gallery located next to City Square Mall by contacting the developers’ appointed marketing agencies or visiting their website.…

Savills Singapore is marketing a portfolio of freehold strata retail units in Lucky Plaza for sale, with a total asking price of $52.6 million. Located at Orchard Road, Lucky Plaza is a mixed-use development comprising a residential tower and a six-storey mall with a basement.

The portfolio features 14 retail units spread across the basement and the first two levels of the mall, ranging from 118 to 3,046 square feet in size. In total, these units make up a strata area of 7,266 square feet.

One of the most attractive features of this offering, according to Savills Singapore, is a food court that spans seven adjoining strata units and houses 11 separate stalls. The remaining retail units are currently tenanted by a diverse range of businesses, including a pub, retail shops, beauty service providers, and a maid agency.

Sophia Lim, director of investment sales and capital markets at Savills Singapore, believes that the retail units will benefit greatly from the high foot traffic in Lucky Plaza. She notes that the basement food court, in particular, sees consistently strong crowds daily.

The guide price for the food court stands at $25.43 million, while the entire portfolio is available for an asking price of $52.6 million. Interested buyers can also purchase individual strata units starting from $1.1 million. Both foreigners and companies are eligible to purchase, without incurring any additional buyer’s or seller’s stamp duty.

Securing financing for a is a crucial step in the property investment process, especially in Singapore where there are various mortgage options available. However, having a clear understanding of the Total Debt Servicing Ratio (TDSR) framework is essential. This framework sets a limit on the amount of loan a borrower can take, considering their income and existing debt obligations. Seeking guidance from financial advisors or mortgage brokers and staying updated on the TDSR is highly recommended when making decisions about financing. This will enable investors to make informed choices and avoid taking on excessive debt. Condo financing requires proper consideration and seeking professional advice is crucial for successful investments.

Lim also highlights that prime strata freehold retail assets are highly sought-after among investors due to their scarcity, as well as URA’s prohibition on further strata subdivision of commercial properties along Orchard Road. She expects the planned revitalisation of the Orchard precinct by URA to further benefit Lucky Plaza in terms of rental growth and capital appreciation.…

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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