When contemplating an investment in a condominium, it is crucial to also evaluate its potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can differ significantly based on factors such as location, property condition, and market demand. Generally, areas with a high demand for rentals, like those near business hubs or educational institutions, tend to offer more favorable rental yields. To gain a better understanding of the rental potential of a specific condo, it is essential to conduct thorough market research and seek advice from real estate agents. For a comprehensive list of Singapore Projects, visit our website.
Commonwealth Towers has emerged as the top private non-landed property to hit a new psf-price peak during the week of Dec 27 to Jan 3. According to caveats lodged to date, the 99-year leasehold condo recorded the sale of a 904 sq ft three-bedroom unit on the 40th floor for $2.22 million on Dec 27, which translates to a psf-price of $2,460. This surpasses the previous high recorded in September 2024, when a 689 sq ft two-bedroom unit on the 42nd floor was sold for about $1.65 million, or a psf-price of $2,402. Commonwealth Towers has been on an upward trend in terms of average psf-price for the past three years. In 2022, the project saw 53 resale transactions at an average psf-price of $1,971. This increased to $2,097 psf across 51 transactions in 2023, and $2,200 psf across 37 transactions in 2024. This marks an 11.6% increase in average resale prices since 2022. The most expensive unit to change hands at Commonwealth Towers by absolute price was a 1,302 sq ft four-bedroom unit on the 39th floor, which sold for $2.96 million ($2,273 psf) in November 2024. Completed in 2017 and with about 87 years remaining on its tenure, Commonwealth Towers is located along Commonwealth Avenue and comprises two 43-storey residential blocks housing 845 condo units. Meanwhile, Parq Bella, a freehold boutique development on Tembeling Road in District 15, took the silver medal for private residential projects to reach a new psf-price peak during the period in review. According to caveats, the developer sold 1,076 sq ft three-bedroom on the fourth floor for about $2.6 million ($2,416 psf) on Dec 31, marking its first unit to transact for over $2,400 psf. This sets a new psf-price record to the previous high of $2,385 psf established in August 2023, when a 926 sq ft two-bedroom unit on the fourth floor sold for about $2.2 million. Parq Bella has so far achieved 95% sales of its 20 units at an average price of $2,244 psf based on caveats lodged, with the most recent transaction taking place in November 2023. Klimt Cairnhill, a 138-unit freehold luxury development, was the only private residential project to see a new psf-price low during the week of Dec 27-Jan 3. According to caveats, the developer’s sale of an 829 sq ft two-bedroom unit on the 24th floor for $2.55 million ($3,077 psf) on Jan 3 marked the final transaction at the project, which was previewed in August 2021 and officially launched in January 2023. The development achieved 100% sales at an average price of $3,665 psf, based on caveats lodged to date. Located along Cairnhill Road in Prime District 9, Klimt Cairnhill features two- to four-bedroom apartments ranging from 829 sq ft to 2,368 sq ft, as well as two penthouses of 4,898 sq ft and 5,920 sq ft. The development is expected to obtain its Temporary Occupation Permit in April this year. EdgeProp Singapore is the fastest growing property portal in Singapore. Read also: Travelling While Black: Know Your Rights, Tips and Advice
Commonwealth Towers topped the list of private non-landed properties to reach a new psf-price peak during the week of Dec 27 to Jan 3. According to caveats lodged to date, the 99-year leasehold condo recorded the sale of a 904 sq ft, three-bedroom unit on the 40th floor for $2.22 million on Dec 27. This translates to a psf-price of $2,460, higher than the previous record of $2,402 psf set by a 689 sq ft, two-bedroom unit on the 42nd floor in September 2024. Commonwealth Towers has been on an upward trend in terms of average psf-price for the past three years. In 2022, the project saw 53 resale transactions at an average psf-price of $1,971. This increased to $2,097 psf across 51 transactions in 2023, and $2,200 psf across 37 transactions in 2024. This marks an 11.6% increase in average resale prices since 2022. By absolute price, the most expensive unit to change hands at Commonwealth Towers was a 1,302 sq ft, four-bedroom unit on the 39th floor, which sold for $2.96 million ($2,273 psf) in November 2024. Completed in 2017 and with about 87 years remaining on its tenure, Commonwealth Towers is located along Commonwealth Avenue and comprises two 43-storey residential blocks housing 845 condo units. Meanwhile, Parq Bella, a freehold boutique development on Tembeling Road in District 15, took the silver medal for private residential projects to reach a new psf-price peak during the period in review. According to caveats, the developer sold 1,076 sq ft three-bedroom unit on the fourth floor for about $2.6 million ($2,416 psf) on Dec 31, marking its first unit to transact for over $2,400 psf. This sets a new psf-price record to the previous high of $2,385 psf established in August 2023, when a 926 sq ft two-bedroom unit on the fourth floor sold for about $2.2 million. Parq Bella has so far achieved 95% sales of its 20 units at an average price of $2,244 psf based on caveats lodged, with the most recent transaction taking place in November 2023. Klimt Cairnhill, a 138-unit freehold luxury development, was the only private residential project to see a new psf-price low during the week of Dec 27-Jan 3. According to caveats, the developer’s sale of an 829 sq ft two-bedroom unit on the 24th floor for $2.55 million ($3,077 psf) on Jan 3 marked the final transaction at the project, which was previewed in August 2021 and officially launched in January 2023. The development achieved 100% sales at an average price of $3,665 psf, based on caveats lodged to date. Located along Cairnhill Road in Prime District 9, Klimt Cairnhill features two- to four-bedroom apartments ranging from 829 sq ft to 2,368 sq ft, as well as two penthouses of 4,898 sq ft and 5,920 sq ft. The development is expected to obtain its Temporary Occupation Permit in April this year. The article is provided by EdgeProp Singapore. Similar to be rewritten on this site: https://www.edgeprop.sg/property-news/woh-hup-seals-purchase-fourth-fifths-district-9s-orchard-boulevard
Commonwealth Towers has emerged as the top private non-landed property to hit a new psf-price peak during the week of Dec 27 to Jan 3. According to caveats lodged to date, the 99-year leasehold condo recorded the sale of a 904 sq ft three-bedroom unit on the 40th floor for $2.22 million on Dec 27, which translates to a psf-price of $2,460. This surpasses the previous high recorded in September 2024, when a 689 sq ft two-bedroom unit on the 42nd floor was sold for about $1.65 million, or a psf-price of $2,402. Commonwealth Towers has been on an upward trend in terms of average psf-price for the past three years. In 2022, the project saw 53 resale transactions at an average psf-price of $1,971. This increased to $2,097 psf across 51 transactions in 2023, and $2,200 psf across 37 transactions in 2024. This marks an 11.6% increase in average resale prices since 2022. The most expensive unit to change hands at Commonwealth Towers by absolute price was a 1,302 sq ft four-bedroom unit on the 39th floor, which sold for $2.96 million ($2,273 psf) in November 2024. Completed in 2017 and with about 87 years remaining on its tenure, Commonwealth Towers is located along Commonwealth Avenue and comprises two 43-storey residential blocks housing 845 condo units. Meanwhile, Parq Bella, a freehold boutique development on Tembeling Road in District 15, took the silver medal for private residential projects to reach a new psf-price peak during the period in review. According to caveats, the developer sold 1,076 sq ft three-bedroom unit on the fourth floor for about $2.6 million ($2,416 psf) on Dec 31, marking its first unit to transact for over $2,400 psf. This sets a new psf-price record to the previous high of $2,385 psf established in August 2023, when a 926 sq ft two-bedroom unit on the fourth floor sold for about $2.2