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A 999-year leasehold conservation shophouse located at 20 Liang Seah Street has been put up for sale with an asking price of $15 million. The property, which is being marketed exclusively by SRI Capital Market, will be sold through an expression of interest (EOI) exercise.

In summary, there are many benefits to be gained from investing in a condominium in Singapore. These advantages include a high demand for properties, potential for capital appreciation, and attractive rental yields. However, it is crucial to carefully evaluate various factors like location, financing options, government regulations, and market conditions before making a decision. With thorough research and guidance from professionals, investors can make well-informed choices and fully capitalize on the ever-evolving real estate market in Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, Singapore’s condominiums present an enticing opportunity. To explore additional lucrative options, consider checking out Singapore Projects.

Situated on a 1,129 sq ft plot in a prime location, the three-storey intermediate shophouse boasts a built-up area of 2,635 sq ft and is zoned for both residential and commercial use with a gross plot ratio of 4.2 under the latest Master Plan. This translates to a guide price of $2,635 per square foot.

Previously approved for restaurant use on the ground and second floors, the top floor is currently leased out for residential purposes. The property is located within the Beach Road secondary settlement conservation area, and potential extensions of up to five storeys may be possible with the relevant approvals in place.

According to Low Choon Sin, managing partner of SRI Capital Market, the property presents an excellent opportunity for end-users in the F&B or corporate office sectors, who can also utilize the third-floor residential space to accommodate staff. He also highlights its prominent location along Liang Seah Street, a bustling thoroughfare with high vehicle traffic throughout the day. The shophouse is also conveniently located near numerous restaurants and shops in the Bugis area.

Investors looking to capitalize on the rejuvenation of Bugis can benefit from the potential of the 999-year leasehold property, says Low. He points out the completion of nearby developments such as Guoco Midtown and the upcoming Shaw Towers, which will add to the vibrancy of the area.

The EOI exercise for the sale of 20 Liang Seah Street will close on April 10.…

in 1H2019

The long-standing boardroom drama at City Developments (CDL) appears to have reached a resolution, with executive chairman Kwek Leng Beng deciding to drop legal actions against a group of board directors led by his son, group CEO Sherman Kwek. In addition, two newly appointed independent directors, Jennifer Duong Young and Su Yen Wong, will continue to serve on the board.

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Singapore is a bustling city, known for its towering skyscrapers and cutting-edge infrastructure. The city boasts a plethora of condos, strategically situated in desirable locations, offering a perfect mix of opulence and convenience to locals and foreigners alike. These condos are equipped with a plethora of facilities, including swimming pools, gyms, and security services, that not only enhance the standard of living but also make them a lucrative option for potential tenants and buyers. Moreover, for investors, these features translate into attractive rental returns and a steady appreciation in the value of their Singapore Condo investments over time.

In a statement, Kwek Leng Beng announced that all board members have agreed to put aside their differences for the benefit of CDL and its stakeholders. “We will all continue to focus on strengthening CDL’s business, guided by good corporate governance practices now and in the future,” he stated.

The board will prioritize completing the various landmark developments currently underway in Singapore and around the world, as well as expanding the Millennium & Copthorne brand, continuing their capital recycling efforts, and ultimately maximizing shareholder value.

The recent developments mark a significant shift from the previous tensions between the Kwek family members, which resulted in legal action and public statements regarding corporate governance issues. The board now looks to move forward in a unified manner, with the common goal of driving CDL’s growth and success.

One of CDL’s ongoing projects is The Venue Shoppes, which features a portfolio of 11 strata shops offered at $40.77 million. The Residences at W has also received strong interest, with 65 units sold at an average price of $1,780 per square foot. In addition, the company acquired five properties in the United Kingdom for $357 million in the first half of 2019, showcasing their continued expansion and investment efforts.…

Renowned architect and designer Steve Leung has taken his company, Steve Leung Design Group (SLD), to new heights by venturing into the European market. To mark this exciting milestone, SLD has teamed up with renowned Italian designer Andrea Bonini to launch a new branch company in Europe under the name SLD . Andrea Bonini. This collaboration will offer top-notch interior design services and products to clients across Asia and Europe, catering to both high-end residential and luxury hospitality projects.

The official launch of SLD . Andrea Bonini will take place at the upcoming Salone del Mobile, Milan’s annual furniture fair in April. Alongside the launch, the brand will also be unveiling its first products – a stunning smart home lighting collection in partnership with leading smart home manufacturer Moorgen.

When it comes to investing in condos in Singapore, one must also take into consideration the government’s property cooling measures. In an effort to regulate the real estate market and prevent speculative buying, the Singaporean government has implemented various measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD) which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may initially impact the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a much safer environment for investment. Moreover, with the range of Singapore Projects available, investors can still find profitable opportunities despite the government’s strict policies.

This move marks SLD’s first steps towards expanding their business overseas. In a statement released on March 11, the Hong Kong stock exchange-listed company explained that this expansion is part of their new business direction focused on “rejuvenation, diversification and globalisation”. With over 28 years of experience and a strong competitive edge in the market, SLD is determined to bring better lifestyle through their designs to clients all over the world.…

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CapitaLand Group and Microsoft have recently signed a memorandum of understanding (MoU) to collaborate and leverage artificial intelligence and advanced technologies for their businesses. Under this partnership, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, which will allow the company to utilize Microsoft’s platforms, services, and solutions to improve customer engagement and operational efficiency across its various businesses, including funds, investments, retail, lodging, and development.

Some specific areas of collaboration between the two companies include infrastructure development, where CapitaLand will leverage Microsoft’s Azure cloud computing platform to design data centers and develop new products for CapitaLand Investment. Additionally, AI, data analytics, and machine learning will also be integrated into CapitaLand’s digital transformation efforts to further enhance its business operations.

Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, says that this collaboration with Microsoft is a major step in the company’s digital transformation journey, and AI will play a crucial role in shaping its future by creating operational efficiencies and value for stakeholders.

Investing in a condo in Singapore has become an increasingly attractive option for both local and foreign investors, driven by the country’s strong economy, stable political climate, and desirable quality of life. The real estate market in Singapore presents a wealth of opportunities, with condos offering a unique combination of convenience, amenities, and potential for high returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore. With the added bonus of Condo, it’s no wonder this type of property has captured the attention of investors.

CapitaLand Investment, the real asset management arm of CapitaLand, has also signed an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalization and integration of AI across its retail ecosystem. This framework aims to facilitate the adoption of AI, data analytics, and cybersecurity solutions, thereby enhancing business efficiency and competitiveness. The partnership will also focus on developing AI-focused competencies and skills among retail tenants.

In other news, CapitaLand Investment has recently acquired three properties in Singapore and Thailand, and these acquisitions are expected to lead to a significant decline in its Patmi (profit after tax and minority interest). However, its cash flow is expected to remain stable. Also, the penthouse at One Pearl Bank has been sold, and the development has reached a 100% sale aggregate.…

on first day of launch

CapitaLand Group has formed a partnership with Microsoft to incorporate artificial intelligence (AI) and advanced technologies in its various businesses.

The partnership will allow CapitaLand to join Microsoft Singapore’s AI Pinnacle Program, granting access to Microsoft’s platforms, services and solutions to enhance customer engagement and improve operational efficiency across its funds, investment, retail, lodging, and development businesses.

This collaboration will also include exploring potential areas of collaboration in infrastructure development and utilizing Microsoft’s Azure cloud computing platform for CapitaLand Investment’s data centre design and products. Additionally, the integration of AI, data analytics and machine learning will further boost CapitaLand’s digital and business transformation efforts.

“Our partnership with Microsoft is an important milestone in CapitaLand’s digital transformation journey. AI will play a crucial role in shaping our future, driving operational efficiencies and creating value for our stakeholders,” says Quah Ley Hoon, group chief corporate officer of CapitaLand Investment.

Separately, Capitaland Investment (CLI), the real asset management arm of CapitaLand, has also signed a memorandum of understanding (MoU) with the Singapore Business Federation (SBF) to establish a framework for the digitalization and integration of AI across CLI’s retail ecosystem.

In summary, the purchase of a condo in Singapore presents a range of benefits, including high demand, potential for appreciation in value, and attractive rental yields. However, it is crucial to thoroughly consider various factors such as location, financing options, government regulations, and market conditions before making a decision. By conducting extensive research and seeking expert guidance, investors can make wise choices and maximize their returns in the ever-evolving real estate market of Singapore. Whether you are a local investor aiming to diversify your portfolio or a foreign buyer looking for a stable and profitable investment, condos in Singapore offer a promising opportunity.

The collaboration will seek to promote the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness. It will also develop AI-focused competencies and skills among retail tenants.

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CapitaLand Investment acquires three properties in Singapore and Thailand

CapitaLand Investment to announce significant decline in Patmi, cashflow to stay stable

Last One Pearl Bank’s penthouse sold, development hits 100% sale on first day of launch…

A portfolio of 14 retail shops at Peninsula Plaza, Sim Lim Square, and Far East Plaza is currently up for sale through an expression of interest (EOI) exercise. These properties are being marketed by ERA Realty Network and have a total price tag of $26.46 million.

Understanding the rental yield is a crucial aspect to consider when contemplating an investment in a Singapore Condo. Rental yield is the annual rental income expressed as a percentage of the property’s purchase price. It is important to note that rental yields for condos in Singapore can vary significantly, depending on several factors such as location, property condition, and market demand. Areas with high rental demand, such as those near business districts or educational institutions, often offer more attractive rental yields. Therefore, thorough market research and seeking guidance from reputable real estate agents can provide valuable insights into the rental potential of a particular Singapore Condo.

Two of these retail units are located at Peninsula Plaza, a 999-year leasehold mixed-use development on North Bridge Road. These adjacent ground-floor units have a combined strata area of approximately 990 sq ft and are being offered at $8 million, or $8,081 per square foot (psf).

Peninsula Plaza is a 30-storey commercial development that was completed in 1980. It consists of a six-story retail podium and a 24-storey office tower. The development is directly connected to the City Hall MRT Interchange Station, providing convenient access to both the North-South and East-West lines.

At Sim Lim Square, 11 strata units with a total strata area of 5,081 sq ft are available for sale. These units are zoned for commercial use and are all located on the fifth floor. They have a 99-year lease that commenced in April 1983, with approximately 57 years remaining. ERA reports that most of the units are currently tenanted and face the mall’s main atrium, offering direct access from the escalators and lifts.

The Sim Lim Square units can be purchased as a whole or individually. Individual units are priced from $840,000, while the entire portfolio is being offered at $15.855 million, which ERA says is a 20% discount from its latest valuation. This equates to a price of $3,120 psf on the strata area.

Sim Lim Square is a strata-titled commercial development situated on Rochor Canal Road in District 7. It was completed in 1987 and features 492 commercial units spread across six floors and two basement levels.

The last remaining unit for sale is at Far East Plaza on Scotts Road. This freehold retail unit is located on the second floor and offers a strata floor area of 355 sq ft. It faces the escalator near the mall’s main entrance and is priced at $2.6 million, or $7,324 psf.

Far East Plaza is a freehold mixed-use development that was completed in 1982. It comprises a five-storey retail mall and serviced apartments, and is within walking distance of Orchard Road MRT Station.

Donald Goh, director of capital markets and investment sales at ERA, says that these properties will attract interest from both property investors and business owners. He notes that strata retail sales in the Downtown Core and Orchard Planning Area remained resilient last year, with 28 and 33 deals recorded in each area, respectively. Goh adds: “A ground floor unit at Lucky Plaza was sold for $15,242 psf while units at Orchard Towers and The 101 were sold for $5,309 psf and $5,657 psf, respectively, a testament that strata retail shops are still an attractive investment.”

The EOI for these properties will close on April 17 at 3pm. Interested parties can check out the latest listings for Peninsula Plaza properties.…

GuocoLand has recently obtained a green club facility worth $367.1 million from DBS Bank to develop its Faber Walk site. The site, acquired through a Government Land Sale tender in November last year by GuocoLand and its joint venture partners TID and Hong Leong Holdings, has 399 residential units across nine low-rise blocks and covers a total area of 277,659 square feet.

Located within the charming Faber Walk landed private residential enclave and next to the Faber Hills estate, the future development boasts an enviable waterfront location beside the Pandan River and the upcoming Old Jurong Line Nature Trail.

GuocoLand’s commitment to sustainability is evident through its green facility for the Faber Walk project, which is set to complement its existing sustainable initiatives across other developments such as Guoco Tower on Wallich Street, Guoco Midtown on Beach Road, Midtown Modern on Tan Quee Lan Street, and Lentor Mansion in Lentor Gardens.

The upcoming development at Faber Walk is expected to attain the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion, further cementing GuocoLand’s efforts in creating sustainable developments with biophilic designs for residents, similar to its successful launches like Lentor Modern and Lentor Mansion in the Lentor Hills estate.

Understanding the guidelines and limitations surrounding property ownership in Singapore is crucial for foreign investors. Unlike landed properties, which have more stringent ownership regulations, foreigners can typically purchase condos with relative ease. However, it is worth noting that foreign buyers are subjected to the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their initial property acquisition. Despite this extra expense, the steady and promising growth potential of the Singapore real estate market continues to entice foreign investments. Furthermore, with the addition of Singapore Projects, the appeal for foreign buyers remains strong.

According to Dora Chng, Residential Director of GuocoLand, the group is excited to utilize its end-to-end value chain capabilities in creating sustainable developments for residents. Its upcoming project, a joint development with Hong Leong Holdings at the Upper Thomson Road (Parcel B) site, is expected to launch in the second half of the year and comprises 941 residential units.…

for the market

On March 8, property developer Sim Lian Group successfully sold 682 out of 760 units (90%) of its executive condominium (EC) project, Aurelle of Tampines, located at Tampines Street 62. The average selling price for these units was $1,766 per square foot (psf).

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. The demand for condos, situated in highly sought-after locations, is on the rise among both locals and foreigners due to their combination of luxury and convenience. These residential properties come equipped with a plethora of facilities such as swimming pools, fitness centers, and security services, elevating the overall living experience and making them a desirable option for potential renters and buyers. Furthermore, investors can expect to see higher rental returns and appreciate in property values over time. For the latest condo launches, visit New Condo Launches.

Sim Lian Group revealed that all four- and five-bedroom units have been sold, and 84% of the three-bedroom units have also been snapped up. “This impressive response highlights the strong demand for well-designed and well-connected modern homes like Aurelle of Tampines, in Singapore’s most well-connected regional center,” said Kuik Sing Beng, executive director of Sim Lian Group Limited.

For the latest updates on unit availability and prices for Aurelle Of Tampines, check out our website.

According to Ismail Gafoor, CEO of PropNex, the average price of $1,766 psf has set a new benchmark for EC launches. He also noted that the 90% take-up rate on launch day was the highest since the 531-unit Hundred Palms Residences was fully sold on its launch day in July 2017, with an average price of $841 psf.

Sim Lian Group also announced that the 30% quota allocated for second-time buyers was achieved by 3:15pm on the launch day. The quota on second-time buyers will be lifted one month from the launch date.

“The take-up rate could have been even higher without the quota limit on second-time buyers,” remarked Eugene Lim, key executive officer at ERA Singapore. However, he also mentioned that second-time buyers will have another chance to ballot for a unit one month after the launch date.

“The government may also consider increasing the quota for second-time buyers of ECs, bringing the policy in line with the recent increase in the allocation quota for second-time buyers of three-room and larger BTO [build-to-order] flats,” said Mark Yip, CEO of Huttons Asia.

PropNex’s Gafoor noted that about 68% of buyers opted for the Deferred Payment Scheme (DPS), with the remaining choosing the Normal Payment Scheme.

Prior to the launch, over 2,200 electronic applications (e-apps) were received since the project opened for preview on February 21. This is the highest e-app figure since Copen Grand, the first EC launched in Tengah, attracted 2,300 e-apps in 2022.

Read also: Are ECs still a good buy?

Aurelle is the second EC launched in Tampines North, following the neighboring 618-unit Tenet. Tenet, a joint development by Qingjian Realty, Santarli Realty, and Heeton Holdings, was launched in December 2022 and saw 72% of its units sold on launch day. The project has since been fully sold at an average price of $1,348 psf.

The prices at Aurelle of Tampines start from $1.417 million ($1,687 psf) for a three-bedroom unit of 840 sq ft, $1.689 million ($1,651 psf) for a four-bedroom unit with 1,023 sq ft, and $2.258 million ($1,665 psf) for a five-bedroom unit of 1,356 sq ft.

“The project’s attractive pricing, strategic location, and unique features have made it a highly sought-after option for eligible first-time buyers and upgraders,” said ERA’s Lim.

Aurelle’s strong sales can also be attributed to its proximity to ParkTown, a fully integrated mixed-use development with a transport hub (MRT station and bus interchange), shopping mall, hawker center, and community club. The 1,193-unit ParkTown Residence, developed by a joint venture between CapitaLand and UOL Group, sold 1,041 units on its launch weekend on Feb 22-23. As of now, 1,043 units have been sold at an average price of $2,361 psf.

“Aurelle is probably the second EC to be located next to a fully integrated mixed-use development,” said Huttons’ Yip, with the first being the 573-unit Esparina Residences in Sengkang. Launched in October 2010, the average price then was around $748 psf. Based on caveats lodged, the average price of units sold from January 2024 to January 2025 is $1,625 psf, which is an increase of 117%.

In November last year, a 1,367 sq ft unit on the seventh floor of Esparina Residences was sold for $2.388 million ($1,747 psf), the second-highest psf price achieved at Esparina Residences. The highest recorded was for another 1,367 sq ft unit on the 14th floor, which was sold for $2.4 million ($1,756 psf) in November 2023, based on caveats lodged.

Read also: Sim Lian’s Aurelle of Tampines to set new price benchmark for executive condos

New ECs are priced around $600 psf cheaper than new private condos in 2025, according to ERA’s Lim. However, compared to resale condos in the suburbs or Outside Central Region (OCR), the average price of a new EC is only 1% higher. “Coupled with a fresh 99-year lease and modern facilities, new ECs present a compelling choice for buyers,” he added.

Check out the latest listings for Aurelle Of Tampines properties on our website.

Do you want to compare the price trends for new launch condos and resale condos? Check out our website for the latest data.

Aurelle Of Tampines has a total of 760 units, and you can view the price trend comparison of new launch condos and ECs on our website.

We also have a feature that allows you to compare the price trend of new sale condos and resale condos, in addition to the unit count for Aurelle Of Tampines.

You can also explore the latest listings for condos in District 18 on our website.

Generate a price trend graph for new launch condos in District 18 on our website.

In related news, Sim Lian Group’s Aurelle of Tampines is set to establish a new price benchmark for executive condominiums. Additionally, other executive condos launched in 2025 are expected to set new price benchmarks for the market.…

Aurea, the luxurious residential project in the Core Central Region (CCR), was launched for sale on Mar 8, making it one of the first of its kind in the area to be launched in 1Q2025. The project’s joint developers, Far East Organization and Perennial Holdings, sold a total of 23 units at an average price of $3,005 per square foot (psf).

In phase one, 78 units were released for sale, consisting of a mix of two- to four-bedroom apartments from levels 4 to 16. The sales rate for this phase was around 30%, based on the 78 units released.

Designed by DP Architects, Aurea boasts 188 units spread over 45 storeys, with a unique “hanging garden concept.” It stands out as the first new private condominium to be connected to a mixed-use development that was sold en bloc and conserved, which is now known as Golden Mile Singapore.

Out of the buyers at Aurea, 83% were Singaporeans while the remaining 17% were permanent residents (PRs) from Malaysia. With a total of 188 units, the sales translate to about 12.2%.

According to Mark Yip, CEO of Huttons Asia, CCR projects typically sell around 10% to 30% of their units during the launch weekend, as they lack the large pool of HDB upgraders that suburban projects attract.

When looking into investing in a condominium, it is crucial to also evaluate the potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Areas with a high demand for rentals, such as those near business districts or educational institutions, typically offer more attractive rental yields. It is essential to conduct thorough market research and seek advice from real estate agents for valuable insights into the rental potential of a specific condo. Keeping an eye on new condo launches on platforms like Siteismi can also provide valuable information on potential rental opportunities.

PropNex CEO Ismail Gafoor considers the sales at Aurea to be “encouraging,” especially given the mostly lacklustre sales of CCR projects since the tightening of the additional buyer’s stamp duty (ABSD) measures in April 2023. Gafoor notes that the doubling of the ABSD rate for foreigners to 60% has significantly reduced interest in CCR homes. In fact, developers only sold 378 units of new CCR private homes in 2024, a 74% decrease from 2023’s 1,454 units.

However, Gafoor believes that the take-up in the CCR segment will gradually improve. He explains that CCR projects tend to sell units steadily over several months, instead of achieving large sales over the launch weekend, unlike RCR and OCR projects. CCR homes target a niche market where buyers seek luxury and enjoy the finer things in life.

Aurea’s joint developers revealed that 74% of sales were for two- and three-bedroom Prestige Collection apartments. These units were appreciated for their well-designed spaces, functionality, and investment potential.

The Signature Collection’s four-bedroom units also attracted buyers for their “expansive balconies that open out to sweeping views of both the Marina Bay and Kallang Basin,” according to the joint venture.

The Sky Villa Collection comprises 18 five-bedroom apartments of up to 3,251 sq ft and two exclusive six-bedroom penthouses of up to 8,816 sq ft. Shaw Lay See, the COO of Far East Organization’s sales & leasing group, notes that such large-format homes in the downtown area are rare and hard to find.

Ken Low, managing partner of SRI, points out that there have been significant price decreases between private residential properties in the CCR and RCR in recent years. The gap has shrunk from an average of 40% in the last decade to about 20% across all properties regardless of their tenure.

Marcus Chu, CEO of ERA Singapore, says that CCR price growth has lagged behind RCR and OCR in recent years due to fewer new home launches. However, with an expected nine CCR launches in 2025, he anticipates a notable rise in CCR home prices driven by increased luxury project launches.

According to Huttons’ Yip, Aurea will benefit from Singapore’s ongoing urban renewal efforts, with major infrastructural and lifestyle upgrades in the surrounding areas. The revitalization of Beach Road and the Ophir-Road Corridor, the Kallang Alive master plan, and the completion of the North-South Corridor are set to enhance accessibility, connectivity, and vibrancy in this key city district.

“Aurea is also located in the heart of one of the largest transformations in Singapore,” notes SRI’s Low. He points out that Aurea will benefit from the 120-km Southern coastline redevelopment, stretching from the Greater Southern Waterfront to Marina Bay, Kallang Basin, and the future Long Island project.…

A three-bedroom unit at One Holland Village Residences has emerged as the top-performing private condo in terms of psf-price during the period of Feb 16 to 21. The 1,238 sq ft unit, located on the 25th floor, was sold for a record-breaking $4.68 million, or $3,781 psf, on Feb 17. This marks the first transaction at the 99-year leasehold development this year, and sets a new benchmark for prices achieved at the project.

The sellers of the unit purchased it from the developer in November 2023 for approximately $4.19 million, or $3,385 psf. This translates to a profit of approximately $490,000 for the sellers. The recent transaction has surpassed the previous record of $3,426 psf set by the developer for a 2,088 sq ft, four-bedroom unit that sold for $7.15 million in August 2022.

The real estate market in Singapore has undoubtedly captured the attention of both local and foreign investors. With its thriving economy, politically stable climate, and high standard of living, it is no surprise that it has become a top choice for property investment. Among the various options available, owning a condo in Singapore is a favored choice. In this article, we will explore the reasons behind this, as well as the essential factors and steps to take when investing in a Singapore condo.

First and foremost, Singapore condos offer unparalleled convenience. These modern residential buildings are strategically located in prime areas, providing easy access to public transportation, shopping centers, and other necessary amenities. This makes them highly desirable for potential buyers and tenants. Additionally, condos come equipped with a range of facilities, such as swimming pools, gyms, and round-the-clock security, offering residents a comfortable and luxurious lifestyle.

Another major attraction for investors is the potential for high returns. Singapore’s real estate market has consistently shown strong growth, with an average annual appreciation rate of 5.4% since 2009. Condos, in particular, have seen a steady increase in demand, resulting in higher rental yields. This makes them a lucrative investment option for both short-term and long-term gains.

However, as with any investment, careful consideration is crucial when venturing into the Singapore condo market. One important factor to keep in mind is the additional buyer’s stamp duty (ABSD) imposed on foreign home buyers. This tax ranges from 12% to 20% of the property’s purchase price, depending on the buyer’s residency status. Local buyers are also subject to the ABSD, but at a lower rate.

It is also vital to conduct thorough research on the different areas and types of condos available in Singapore. Each location and property type has its own advantages and disadvantages, and it is essential to understand these before making any decisions. Consider factors such as rental demand, potential capital appreciation, and the age and maintenance of the building.

Once all factors have been carefully weighed, and you have decided to invest in a Singapore condo, there are a few crucial steps to follow. The first is to secure financing, as Singapore has strict regulations on loan-to-value ratios for property purchases. It is advisable to seek guidance from a reliable mortgage broker to help secure the best financing option for your investment.

Next, it is essential to engage a reputable real estate agent who can assist in finding the right property and negotiating the best price. It is also recommended to conduct a thorough inspection of the property to ensure its condition and identify any potential issues.

Finally, it is vital to understand the legal obligations and taxes associated with owning a Singapore condo, such as property tax and maintenance fees. Being aware of these will allow for effective planning and budgeting for your investment.

In conclusion, investing in a condo in Singapore offers numerous benefits, but also comes with its own set of challenges. With thorough research, strategic planning, and the guidance of knowledgeable professionals, a Singapore condo can prove to be a highly profitable and rewarding investment. Consider adding Singapore Condoto the rewritten paragraph for SEO purposes.

One Holland Village Residences, a 296-unit development located along Holland Village Way, was launched in 2019. It comprises 62 one-bedroom units at 484 sq ft, 145 two-bedroom units ranging from 689 sq ft to 1,087 sq ft, and 76 three-bedroom units spanning 1,098 sq ft to 1,281 sq ft. The remaining units include nine four-bedroom apartments from 2,088 sq ft to 3,358 sq ft and four five-bedroom units spanning 3,455 sq ft. According to URA caveats, all units at the development have been fully sold.

The most expensive unit transacted at One Holland Village Residences by absolute price was a 3,455 sq ft, five-bedroom apartment sold for $11.4 million ($3,300 psf). The unit sold on Feb 17 is the first transaction at the development since August 2023, when a 1,087 sq ft, two-bedroom unit was sold by the developer for $2.98 million, or $2,741 psf.

Scheduled for completion in November 2029, One Holland Village Residences is a four-minute walk from Holland Village MRT Station and is situated next to the lifestyle hub One Holland Village.

The second-highest psf-price for the period in review was achieved by Hill House, a 72-unit boutique condo located at the top of Institution Hill, off River Valley Road in District 9. On Feb 21, a 452 sq ft, two-bedroom unit on the ninth floor was sold for a record-breaking $1.538 million, or $3,402 psf. This follows the sale of another 452 sq ft, two-bedroom unit on the eighth floor for $1.536 million ($3,398 psf) on Feb 16.

Including the latest transaction, a total of nine Hill House units have been sold since the start of the year at an average price of $3,213 psf. The development comprises 40 one-bedroom units at 431 sq ft, 24 two-bedroom units ranging from 452 sq ft to 624 sq ft, and eight 753 sq ft three-bedroom apartments.

Hill House is situated five minutes from River Valley Primary School and in close proximity to shopping malls such as New Bahru. The development, which is expected to be completed in 3Q2026, has a total of seven units for sale on PropertyGuru. The most affordable unit available is a 614 sq ft, one-bedroom unit priced at $1.788 million ($2,908 psf).

Chuan Park, a 916-unit condo located along Lorong Chuan in District 19, recorded the third-highest psf-price for the period in review. On Feb 19, a 732 sq ft, two-bedroom unit on the 20th floor was sold for $2.04 million, or $2,785 psf. This narrowly surpasses the project’s previous record of $2,765 psf set in November last year, when a 743 sq ft, two-bedroom unit was sold for $2.05 million.

Chuan Park offers two- to five-bedroom apartments ranging from 700 sq ft to 1,841 sq ft, and has sold 744 units (81%) at an average price of $2,589 psf since its launch in November 2024. The development, which is currently under construction, is expected to be completed in 2028. Located close to Lorong Chuan MRT Station on the Circle Line, Chuan Park is also situated near Nanyang Junior College.…