Keppel Land’s 19 Nassim sells 70% of units for $1.3 billion Advertisement
Overall, there are several benefits to investing in a condominium in Singapore. These include the high demand for such properties, potential for capital appreciation, and attractive rental yields. However, before making any investment decisions, it is crucial to carefully consider various factors, including the location, financing options, government regulations, and current market conditions. Conducting thorough research and seeking professional advice can help investors make informed decisions and maximize their returns in Singapore’s dynamic real estate market. Regardless of whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, the available condos in Singapore offer a compelling opportunity. Additionally, staying updated on new condo launches in the market, such as those listed on New Condo Launches, can also help investors make the best decision for their investment goals.
K Suites, a freehold boutique development, has set a new record for the highest psf-price at $2,443. The previous high of $2,196 psf was set in May 2023. Located at Lorong K Telok Kurau, off Still Road in District 15, the 19-unit development has seen a high demand for its three- and four-bedroom units, as well as its five-bedroom duplex penthouses. The project is a redevelopment of the former Ji Liang Gardens, which the developer acquired en bloc for $18.6 million in June 2021. To date, K Suites has sold eight units, with an average price of $2,099 psf. Thomson Three, a 99-year leasehold condo on Bright Hill Drive in District 20, has also set a new record for the highest psf-price at $2,379. The previous high was $2,204 psf in September 2023. The 435-unit condo comprises one- to four-bedroom apartments and 10 strata semi-detached houses. The recent sale of a 1,033 sq ft three-bedder for $2.46 million translates to a profit of $598,000 for the seller, who bought the unit for $1.86 million in Nov 2021. On the other hand, 19 Nassim, a 99-year leasehold luxury condo in prime District 10, has seen a new record low of $2,947 psf, the first time it has crossed below the $3,000 psf mark. The previous record low was $3,001 psf in March 2021. Despite this, 50 units have been sold at the development this year at an average price of $3,397 psf, 3.7% lower than the average price of $3,524 psf last year. Completed in 2023, 19 Nassim consists of 101 units ranging from 538 sq ft to 1,830 sq ft. With 61 units sold since its launch in 2020, the condo has seen strong demand for its one- to three-bedroom apartments.