Condo Siteismi

Singapore’s freehold condo Gallop Gables has claimed the top spot for condos with new psf-price highs between Nov 19 and Nov 22. The latest record of $2,299 psf was achieved by a four-bedroom unit of 2,669 sq ft on the second floor, which was sold for $6.14 million on Nov 20. The seller made a profit of $1.64 million, having bought the unit for $4.5 million ($1,686 psf) in July 2017. This sale has surpassed Gallop Gable’s previous high of $2,108 psf from the sale of a two-bedroom unit of 1,163 sq ft on the third floor for $2.45 million on Feb 19.

Gallop Gables is a freehold condo located on Farrer Road in District 10. It consists of 102 units spread across four-storey blocks and was completed in 1997. The condo is within walking distance of Farrer Road MRT Station on the Circle Line.

Coming in second on the list is The Scala, with a new psf-price record of $2,064 achieved from the sale of a four-bedroom unit of 1,259 sq ft on the 12th floor for $2.6 million on Nov 20. The seller had bought the unit for $1.66 million ($1,318 psf) in October 2012. This is the first time the condo has crossed the $2,000 psf mark, surpassing its previous high of $1,969 psf from the sale of a two-bedroom unit of 904 sq ft on the 11th floor for $1.78 million on Sept 9. The seller had bought the unit for $1.31 million ($1,449 psf) in March 2013.

The Scala is a 99-year leasehold condo on Serangoon Avenue 3 in District 19. Completed in 2013, it boasts 468 units across 17 storeys, with a mix of one- to four-bedroom units between 474 sq ft and 2,142 sq ft. It is within walking distance of Lorong Chuan MRT Station on the Circle Line and close to various educational institutions such as Nanyang Junior College, St Gabriel’s Primary School, and Yangzheng Primary School.

Sims Edge also secured a new record of $1,907 psf from the sale of a one-bedroom unit of 409 sq ft on the 13th floor for about $780,000 on Nov 22. The seller had bought the unit for $663,807 ($1,623 psf) in April 2019. This is the first time a unit at this freehold condo has transacted above the $1,900 psf mark. Previously, the record was set at $1,834 psf from the sale of a one-bedroom unit of 409 sq ft on the fifth floor for $750,000 on Jan 18. The seller had bought the unit from the developer for about $527,000 ($1,288 psf) in July 2011.

Located on Geylang East Avenue 2 in District 14, Geylang, Sims Edge is a freehold boutique condo completed in 2014, with 78 units ranging from one to two-bedrooms (from 409 sq ft to 1,195 sq ft). It is within 500m of Paya Lebar MRT Interchange Station on the East-West Line and Circle Line.

When considering the investment potential of a Singapore Condo, it is essential to also assess its potential rental yield. Rental yield refers to the percentage of the property’s purchase price that is earned as annual rental income. In Singapore, this figure can vary greatly depending on factors like location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer higher rental yields. To determine the rental potential of a specific Singapore Condo, conducting comprehensive market research and seeking guidance from real estate agents can be highly advantageous. Additionally, adding Singapore Condo to your investment portfolio may prove to be a wise decision.

No new psf-price lows were recorded during the period in review.…

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Investing in a condo in Singapore presents numerous benefits, with one standout advantage being the potential for impressive capital appreciation. This prosperous country boasts a prime location as a global business hub and boasts strong economic fundamentals, making it a desirable destination for real estate investment. Over the years, property prices in Singapore have consistently risen, and particularly in sought-after areas, condos have experienced considerable appreciation. Those who wisely enter the market at an opportune time and hold onto their properties for the long haul can reap significant capital gains. With Singapore Projects continuously emerging, the potential for even greater returns on investment continues to grow.…

Habyt, a leading provider of co-living spaces, has just announced the launch of its newest accommodation location at 5 Kadayanallur Street in Tanjong Pagar. Known as Kada at Maxwell, this 18-room space is the flagship for Habyt’s Flex concept, a strategic move to expand their product offerings beyond long-term co-living options.

In August, Habyt’s CEO for Asia Pacific, Jonathan Wong, revealed that the company was taking steps to add more short-term living options to their portfolio. This led to the launch of their first Flex properties in Singapore – Habyt Novena with 39 rooms and Habyt Kallang with 27 rooms. Other properties under this concept include Habyt Cantonment and Owen House by Habyt.

When thinking about investing in a Singapore Condo, it is crucial to also evaluate its potential rental yield. This refers to the annual rental income in comparison to the property’s purchase price. In Singapore, condo rental yields can vary significantly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to have a better rental yield. To gain a better understanding of the rental potential of a specific condo, it is important to conduct thorough market research and seek advice from real estate agents.

Kada at Maxwell will offer a diverse range of rooms, including en suite studios and two- to three-bedroom units, all equipped with a fully functional kitchenette. Guests can choose to book these rooms on a nightly, weekly, or monthly basis, giving them the flexibility to stay for a shorter or longer period of time.

With the aim to redefine flexible living in Singapore, Wong states that Kada at Maxwell reflects their commitment to offering unique living experiences and marks the next phase of evolution for Habyt Asia Pacific. Room rates at Kada at Maxwell will start at $180 per night.

This luxuriously flexible living space is located within a beautifully preserved 1920s colonial building designed by the renowned architectural firm Swan & Maclaren. It was one of the earliest modernist buildings in Singapore and was originally built to house the St Andrew’s Mission Hospital for Women and Children.

In September 2023, the Singapore Land Authority (SLA) launched a public tender to lease the property. The tender was evaluated based on the bid price and the quality of the proposed concept, with SLA encouraging bidders to come up with creative lifestyle concepts. Ultimately, the site was awarded to Bethesda Medical, with a monthly rental bid of $103,000. This was the third-highest bid price after Wan Dormitory ($160,000) and The Working Capitol ($108,240).

SLA cited Bethesda’s strong focus on community building and connecting people with businesses as the winning edge for their concept. The first floor of Kada at Maxwell will feature 10 F&B offerings, while the second floor will house a state-of-the-art gym by Limitless, a wellness centre in collaboration with Shiruki Studio, and a co-working space. The third floor will be occupied by Habyt’s Kada at Maxwell.

Residents at Kada will have unlimited and complimentary access to the property’s health and wellness amenities, such as a performance gym, cold plunge, infrared saunas, hot tubs, and foot baths.

Wong adds, “By combining modern conveniences with the timeless charm of a heritage building, we are offering guests a unique and unparalleled lifestyle experience that goes beyond traditional accommodation.”…

The Urban Redevelopment Authority (URA) has recently launched a tender for two residential Government Land Sale (GLS) sites, located at Holland Link and Chuan Grove, on December 3. These 99-year leasehold sites are part of the Confirmed List for the 2H2024 GLS Programme.

The first site, located along Holland Link in District 10, spans 185,141 sq ft and has a maximum gross floor area (GFA) of about 257,225 sq ft. According to URA estimates, it can potentially yield about 230 housing units. This site is the first GLS plot to be launched in the upcoming Holland Plan precinct. Along with Bayshore and Kampong Bugis, the residential area is one of URA’s three upcoming precincts, as pointed out by Marcus Chu, CEO of ERA Singapore.

When looking into investing in a Singapore Condo, it is crucial to evaluate the 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 vary greatly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer more favorable rental yields. To accurately assess the rental potential of a specific condo, it is essential to conduct thorough market research and seek advice from real estate agents. This can provide valuable insights on the current rental demand and potential rental income.

Chu also predicts that developers will bid on this site to take advantage of the first-mover opportunity and inject the first 230 units into the pipeline. He notes that the site is within a 2km radius of several schools such as Methodist Girls’ School, Henry Park Primary School, Pei Hwa Presbyterian Primary School, and National Junior College. This could be a plus point for families with young children looking for priority admission into these schools, he adds.

In addition, the Holland Link site is close to the Brizay Park Good Class Bungalow area. This could indicate that future developments in the Holland Plain precinct will be focused on low-density private residences, according to Mark Yip, CEO of Huttons Asia. Yip predicts that the site will receive between one to two bids, with a top bid of $1,200 to $1,300 psf per plot ratio (psf ppr).

Similarly, Chu expects a muted response to the site, given that there are currently seven residential sites open for tender. He believes that the Holland Link site could receive up to three bids.

Moving on to the second site, located along Chuan Grove off Lorong Chuan in District 19, it measures 170,409 sq ft and has a maximum GFA of 511,232 sq ft. This site can potentially yield about 555 new housing units. It is also within 400m of Lorong Chuan MRT Station on the Circle Line, which is one stop away from the Bishan and Serangoon MRT Stations.

Chu expects the future development on this site to attract HDB upgraders living nearby. In the next four years, around 3,815 Build-to-Order (BTO) units, sized four-room and larger, are set to fulfill their Mandatory Occupation Period (MOP) in Toa Payoh. This could lead to residents of HDB flats in older estates seeking to upgrade their homes, given the increasing number of million-dollar flats in neighboring Serangoon, Bishan, and Toa Payoh, as noted by Chu. Over the last 10 months, the median transaction prices of five-room flats in Bishan and Toa Payoh were $792,000 and $828,000 respectively.

Chu also believes that developers could be encouraged by the better-than-expected sales performance of Chuan Park, which launched last month with 76% of its 916 units sold at an average price of $2,579 psf over its launch weekend. He predicts that the bids for the Chuan Grove site could range from $571 million to $600 million, with a land rate upwards of $1,200 psf ppr. Huttons’ Yip, on the other hand, expects a total of three to five bids, with the top bid between $1,150 and $1,250 psf ppr.

The tenders for both the Chuan Grove and Holland Link sites will close at noon on July 8, 2025, and July 29, 2025, respectively. With these developments, it is expected that the residential landscape in Holland and Lorong Chuan will see significant changes in the coming years.…

Singapore is characterized by a cityscape dominated by towering skyscrapers and state-of-the-art infrastructure. Condos, strategically situated in desirable locations, offer a harmonious blend of opulence and practicality that is sought after by both locals and foreigners. These residential complexes boast a plethora of facilities including swimming pools, fitness centers, and round-the-clock security services, elevating the standard of living and greatly appealing to potential renters and buyers. With these coveted amenities, investors can expect to enjoy higher rental returns and a steady increase in property value over time. Additionally, investing in a condo in Singapore provides a promising opportunity for long-term financial growth.

On December 3, the Urban Redevelopment Authority (URA) released two residential Government Land Sale (GLS) sites under the Reserved List of the 2H2024 GLS Programme. The sites, namely Holland Plain and River Valley Green (Parcel C), are currently open for application and will be triggered for sale only if a developer indicates a minimum price that is accepted by the government. If more than one developer reveals a minimum price near the government’s reserve price, a Reserved List site may also be considered for tender launch.

Spanning approximately 169,175 sq ft, the Holland Plain GLS site has a maximum gross floor area (GFA) of 304,522 sq ft and is capable of yielding 280 residential units. The site has a leasehold of 99 years and is located adjacent to the Holland Link GLS site, which was launched for tender on the same day. According to experts, this site has the potential to accommodate an estimated 230 units.

Huttons Asia’s CEO, Mark Yip, does not anticipate the Holland Plain site being triggered for sale. He believes developers will wait and observe the response to the Holland Link GLS site before making a decision. The tender for the plot will close in July 2025.

Another site available for application under the Reserved List is River Valley Green (Parcel C), situated next to the Great World MRT station on the Thomson-East Coast Line. This site spans 123,964 sq ft and has a maximum gross floor area (GFA) of 433,882 sq ft, and can potentially house an estimated 470 new housing units. Yip believes that this site is also unlikely to be triggered for sale, seeing as there is an existing tender for the neighbouring River Valley Green (Parcel B) plot, which is set to close in February next year. That site can yield 580 units, including 220 long-stay serviced apartments.

Additionally, the site is in close proximity to three other recently awarded GLS sites. In June, River Valley Green (Parcel A) was awarded to Winchamp Investment, a subsidiary of Wing Tai Holdings, after the developer submitted the highest bid of $464 million, equating to $1,325 psf per plot ratio (psf ppr). The site is set to be developed into a residential development comprising of over 400 units.

In April, Zion Road (Parcel A) was awarded to a joint venture between City Developments and Mitsui Fudosan after submitting the only bid of $1.107 billion ($1,202 psf ppr). The joint venture is looking to explore a mixed-use project at the site, featuring around 740 residential units, a retail podium, and a block with 290 rental apartment units.

Lastly, in August, Allgreen Properties was awarded Zion Road (Parcel B) for $730.09 million ($1,304 psf ppr). The site has a potential yield of 610 residential units.

According to Yip, given the upcoming supply from these three sites, there is “little incentive” for developers to trigger River Valley Green (Parcel C) for sale.…

The recently launched Emerald of Katong by Sim Lian Group saw an impressive turnout and strong sales over the weekend, with 99% of its 846 units snapped up during the launch. The 99-year leasehold project, located at Jalan Tembusu, achieved an average price of $2,617 psf with 97.5% of its units sold as of Nov 30.Launched over the course of three days, the development’s sales success has received positive responses from buyers and property experts alike. However, there was a shortfall of 13 units due to buyers backing out of their purchases in the days following the launch. This prompted the developer to hold a balloting session on the morning of Nov 30, which saw all 13 units being taken up as a result of over 800 expressions of interest received.The launch of Emerald of Katong has also created a positive ripple effect on neighbouring projects in District 15, particularly within the East Coast area. Adjacent to Emerald of Katong is the Tembusu Grand, a joint development by City Developments Limited (CDL) and MCL Land. The project has seen sales of 52 units since the start of November, bringing its total sales to 581 units so far, achieving an average price of $2,445 psf. Located at Jalan Tembusu, the 99-year leasehold development was launched in April 2023. Meanwhile, the Grand Dunman, a 99-year leasehold project on Dunman Road that was launched in July 2023, has also seen strong sales success with 18 units sold since Nov 11. This has brought its cumulative sales to 731 units, achieving an average price of $2,531 psf.At the same time, the biggest beneficiary of the Emerald of Katong launch is the Continuum – a 816-unit freehold condominium along Thiam Siew Avenue developed by Hoi Hup Realty and Sunway Developments. Since the start of November, the Continuum has seen a total of 126 units sold, bringing its overall sales to 528 units or 64.7% as of Nov 30. The project achieved an average price of $2,788 psf.Over three consecutive days in mid-November, the Continuum has recorded strong sales, with 73 units sold in just three days. Prior to the launch of Emerald of Katong, the Continuum was 49% sold. The project’s strong sales can be attributed to many factors, such as the number of available units, buyer preference, and the project’s pricing. With the current average price of Emerald of Katong sitting at $2,617 psf and the Continuum being freehold, the project commanded a premium of just 6.53% – a far cry from the expected 15% – 20% premium that a freehold project usually commands over a 99-year leasehold one in the same neighbourhood. This made the Continuum an attractive option, causing a large number of buyers to switch to buying in the project.The latest transactions show that the highest psf prices were achieved for 484 sq ft one-bedroom and 624 sq ft two-bedroom units located on high floors – specifically on the 16th to 21st floors. These units were sold at prices ranging from $2,901 psf to $2,958 psf during the launch. Meanwhile, the Continuum saw prices exceeding $3,000 psf, with two compact three-bedroom units, measuring 872 sq ft and sold at $3,003 psf and $3,060 psf, respectively. Additionally, several three- and four-bedroom units ranging from 1,066 sq ft to 1,270 sq ft were sold at prices between $2,667 psf and $2,681 psf.The strong take-up in November is also expected to uplift the year’s final sales figures before the holiday season. Based on current numbers, November’s new home sales have already reached 2,805 units. This figure has already exceeded the previous peak of 2,793 private new home sales recorded in March 2013.According to PropNex’s Gafoor, the strong take-up in November will positively impact next year’s sales. Citing the Emerald of Katong as an example, with over 800 cheques received for just 13 units, many unsuccessful buyers will now be seeking alternatives, which is expected to boost new home sales at the start of 2025.

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Investing in a condo has an additional advantage of being able to leverage the property’s value for other investments. A lot of investors opt to use their condos as collateral to secure more funds for new investments, which allows them to broaden their real estate portfolio. However, this strategy also involves risks, making it essential to have a solid financial plan in place and carefully consider any potential effects of market fluctuations. Additionally, the use of a condo in this method can potentially increase returns, making it a popular choice among investors.…

Savills Research’s global outlook report for 2025 reveals that Asia Pacific’s (Apac’s) real estate market continues to outperform its global counterparts, with a real GDP growth that exceeds that of the US and Europe. This is a significant development, as for the first time in five years, there is more stability and conviction in the economic outlook.

According to Paul Tostevin, Savills head of world research, this increased confidence will provide a firmer footing for markets, leading to higher investment and activity. In the first three quarters of 2024, Apac recorded a 4% year-on-year increase in investment volumes to US$108.7 billion. The three markets that saw the highest growth in investment volumes during this period were Singapore (74%), South Korea (71%), and Australia (63%).

Savills Research predicts that global real estate investment turnover will rise by 27% to US$952 billion in 2025. By 2026, global investment activity is expected to surpass the US$1 trillion mark for the first time since 2022. This outlook is driven by a stabilisation in interest rates and improved investor confidence.

Alan Cheong, executive director of research & consultancy at Savills Singapore, expects Singapore’s real estate market to follow the global trend. Meanwhile, for Apac, Savills forecasts a full recovery in investment activity next year, primarily led by the tourism, living, and industrial sectors, particularly logistics and data centres.

Simon Smith, Savills regional head of research & consultancy for Apac, believes that longer-term structural trends, in addition to improving investment interest, will support values in growth markets such as India and Southeast Asia. The winners and losers in the region will ultimately be determined by how global themes play out and which countries are best positioned to take advantage of them.

Savills notes that Apac’s office sector remains highly attractive, accounting for 37% of the total regional real estate investment in the first three quarters of 2024 – significantly higher than the global average of 23%. Top cities in the region for office utilisation are Singapore, China, South Korea, and Japan, with occupancy rates exceeding 90%. Moreover, Apac continues to be a stronghold for green-certified office spaces, as office occupiers place more emphasis on environmental, social, and governance (ESG) matters.

In Singapore, there has been an increasing focus on the green agenda among office tenants. Activity levels have also shown signs of recovery, with more leases being concluded. Furthermore, rental rates for Grade-A office space in the Central Business District (CBD) are expected to remain stable from 2025 to 2026. As a hub and gateway to the region, Singapore continues to attract new overseas brands, resulting in strong demand for prime retail developments and keeping rental levels firm.

In the industrial sector, demand remains robust in key sectors like logistics, advanced manufacturing, healthcare, and data centres, despite cost pressures. This is expected to stabilise rental rates and capital values in the long term. Cheong also notes that the increasing adoption of artificial intelligence (AI) has led to more data centres being built in Singapore, with the city-state serving as a hub for data centre service providers to expand their infrastructure.

Tostevin adds that as global investment and activity returns to sustained growth, the real estate industry must adapt to evolving legislative landscapes and geopolitical dynamics, while also ensuring sustainable and socially responsible development to meet the changing needs of the world.

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Investing in real estate is a strategic decision, and the location plays a vital role in its success. In the context of Singapore, this becomes all the more significant. Condominiums situated in prime locations or in close proximity to essential amenities like schools, shopping centers, and public transportation hubs are more likely to appreciate in value. Areas like Orchard Road, Marina Bay, and the Central Business District (CBD) are considered top locations, with a consistent track record of property value growth. This is why investing in properties in these areas is highly recommended by experts. Moreover, the presence of reputable schools and educational institutions further adds to the appeal of these condominiums, making them a lucrative investment option for families. With the addition of Singapore Projects, the value of these properties is expected to soar even higher, making them a prime choice for investors.

According to a UBS report, Apac is set to become the top investment destination for family offices globally, highlighting the region’s growing appeal as a prime location for real estate investments. With its strong economic growth, stable markets, and increasing emphasis on ESG matters, Apac is poised to remain a top-performing region in the global real estate market.…

Investing in a Singapore Condo can prove to be a smart choice, offering a plethora of advantages. These include a high demand, potential for capital appreciation, and attractive rental yields. Despite these appealing prospects, it is essential to carefully consider various factors before committing to such a significant investment, such as location, financing options, government regulations, and prevailing market conditions. By conducting thorough research and seeking expert advice, investors can make well-informed decisions and reap maximum returns in Singapore’s ever-evolving 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, Singapore Condos offer a compelling opportunity. With its robust and thriving real estate sector, adding a Singapore Condo to your investment portfolio can prove to be a strategic move, bringing long-term benefits. Visit Singapore Condo to learn more about this lucrative option.

The Hill House condo development in Singapore’s prime district 9 has hit a new pinnacle in terms of its per square foot price, selling one of its units for a record-high price of $3,267 psf between Nov 10 and 21. The unit in question is a two-bedroom, 452 sq ft apartment located on the fifth floor, which was snapped up by the developer for a whopping $1.48 million on Nov 11. This new record is a slight increase of 0.1% from the previous high in November 2023, when a two-bedroom, 624 sq ft unit on the ninth floor sold for $2.04 million. With a total of 11 transactions this year, the average price for a unit at Hill House stands at $3,098 psf, which is 0.9% lower than the average price of $3,127 psf for the five transactions recorded at the development last year.Macly Group’s Hill House is a freehold, boutique development located on top of Institution Hill, off River Valley Road in prime District 9. Launched in 2022, the development consists of 72 units, with 40 one- and one-plus study-bedroom units ranging from 431 sq ft to 452 sq ft. Another 24 units are two-bedroom apartments that offer 624 sq ft of living space, while the remaining eight units are three-bedroom apartments spanning 753 sq ft. According to URA caveats, 29 units (40%) at Hill House have been sold so far at an average price of $3,060 psf since its launch in November 2022. The development is currently under construction and is expected to be completed in the third quarter of 2026.On the list of condos that registered new per square foot price highs between Nov 10 and 21, the Continuum follows closely behind Hill House at second place. The freehold development broke its previous record to notch a new high of $3,084 psf on the back of a 721 sq ft, two-bedroom unit that was sold for $2.22 million on Nov 16. The new record, which is 0.4% higher than the earlier one, was made just a day after a similar 721 sq ft, two-bedroom unit was sold on Nov 15. Launched in April last year, the Continuum has recorded a total of 816 units, consisting of six residential towers occupying two plots of land, which are connected by a private pedestrian overhead bridge. The units go up to five bedrooms and measure between 560 sq ft and 2,260 sq ft, with a total of 489 units (59.8%) having been sold at an average price of $2,779 psf since its launch in May 2023. The development is under construction and is expected to be completed in 2026.The third spot on the list of the period’s highest new per square foot price registered belongs to the freehold boutique development Lavender Residence, with a new low of $1,626 psf from the developer’s sale of a 990 sq ft, one-bedroom plus studio unit for $1.61 million on Nov 17. For comparison, the condo’s previous low was $1,710 psf, when a 1,335 sq ft, four-bedroom unit was purchased for $2.28 million in June 2023. The development has been fully sold with the latest transaction and an average price of $1,984 psf.Lavender Residence is a 17-unit development positioned at the junction of Lavender Street and Kempas Road in Boon Keng, District 12. The development is built atop a site that features a trio of two-storey conservation shophouses dating back to the 1940s, done up in the art-deco style. The condo’s units range from studios to three-bedroom units, which include a few dual-key variants, covering a floor area of 463 sq ft to 1,550 sq ft. It is within a short walking distance of Bendemeer MRT Station, and falls along the Downtown Line.…

The Singapore government has recently announced a one-off rebate for property taxes in 2025, which will benefit both HDB flats and private residential properties. The rebate will be 20% for owner-occupied HDB flats and 15% for owner-occupied private residential properties. However, the rebate for private residential properties will be capped at $1,000.

Property tax is calculated based on a property’s annual value, which is the estimated rent a property can fetch in a year if it were to be rented out. The government has also announced an increase in the annual value bands of owner-occupier’s residential property tax rates, which will take effect on January 1, 2024 as part of Budget 2024.

This move by the government is aimed at providing relief for Singaporeans who are concerned about the cost of living. According to Lee Sze Teck, a senior director of data analytics at Huttons Asia, the annual value of private properties is expected to remain stagnant this year due to the low growth in private residential rents. On the other hand, the annual value of HDB flats is expected to increase by 4%.

The vibrant city of Singapore is renowned for its bustling urban landscape, featuring impressive skyscrapers and modern infrastructure. In particular, the condominiums scattered throughout the city’s desirable neighborhoods offer a unique blend of luxury and practicality that appeals to both locals and foreigners. Boasting state-of-the-art facilities such as swimming pools, fitness centers, and top-notch security, these residences provide an unparalleled living experience that is difficult to resist. Savvy investors recognize the value of these sought-after amenities, as they translate to higher rental income and long-term appreciation of property value. As a result, investing in a Singapore Condo is a smart and lucrative decision for anyone seeking a desirable and profitable real estate investment opportunity.

The one-off property tax rebate will help to cushion any impact from the increase in annual value for HDB owners. For example, if a HDB flat has an annual value of $30,000, the property tax payable next year will be $720. With the rebate, the owner will only need to pay $576, resulting in a savings of $144.

Similarly, some private residential property owners will also benefit from the one-off rebate. For instance, if the annual value of a private property is $85,000, the property tax payable will be $5,760. With the 15% rebate capped at $1,000, the owner will only have to pay $4,896, saving $864 in property taxes.

However, Lee emphasizes that property tax rebates have been offered in the past and they do not diminish the appeal of investing in residential properties in Singapore. The main allure of investing in residential properties in Singapore lies in the potential for capital appreciation, which far outweighs any increase in property tax.…

Within just two years, Aurico Global has achieved remarkable success, growing its assets under management to $52 million and expanding its portfolio of businesses. Led by CEO and executive chairman Jason Ng, the company has acquired valuable properties in strategic locations and has ventured into training the next generation of property investors. Their dedication to providing comprehensive and accessible investment education has set Aurico Global apart in the competitive world of real estate. Under Ng’s leadership, Aurico is well on its way to becoming a household name in the property investment and training industry.In just two years, Jason Ng has made a name for himself in the property investment industry. As CEO and executive chairman of Aurico Global, he has built the company from the ground up, successfully growing its assets under management to $52 million. However, this is not Ng’s first foray into real estate development. His journey began in 1993, when he was driven to provide for his family while living in a rental flat with six family members.

Ng has since expanded his real estate portfolio through strategic investments and acquisitions. His portfolio includes residential, commercial, and industrial properties, as well as a co-living venture called Communa under the company JC Global Developments.

When purchasing a condo, it is crucial to take into account the maintenance and management aspects of the property. Part of owning a condo involves paying maintenance fees, which usually cover the upkeep of communal spaces and amenities. While these fees may increase the overall cost of owning a condo, they also ensure that the property is well-maintained and retains its value. To make the investment more passive, investors can enlist the help of a property management company to handle the day-to-day management of their condo.

One of Aurico’s key strategies is to acquire valuable properties in high traffic areas below valuation. This approach, along with Ng’s acute investment acumen, has contributed to the company’s success. In addition, Aurico also targets properties in areas undergoing rapid transformation to stay ahead of market changes.

In addition to property investment, Aurico is also involved in training and development. Ng, who is accredited as a family life educator, has been working with the Ministry of Education and Ministry of Social and Family Development for over 15 years. In 2023, Ng co-founded Aurico with his wife Emelyn Ho to consolidate their diverse portfolio of businesses, including a property and investment training arm, Anchor of Life Training Consultants.

Aurico’s training programmes aim to make property investment accessible to everyone, regardless of their experience or background. Ng hopes to change the mindset of young investors who believe they cannot invest due to their financial background. By providing comprehensive education and hands-on support, Aurico empowers individuals to make informed decisions and achieve their financial goals.

In addition to its current ventures, Aurico has plans to expand into the assisted living sector. With an ageing population in Singapore, Ng believes this is a viable sector to be in and has appointed a subsidiary, Communa Gold, to manage this aspect of the business.

In just two years, Aurico Global has achieved remarkable success and is well on its way to becoming a household name in the property investment and training industry. Under the leadership of Jason Ng, the company continues to grow and empower individuals to invest in their financial future.…