Month: February 2025

Elta, a 501-unit residential development situated in Clementi, will soon be unveiled by MCL Land and CSC Land Group. Opening for preview on Feb 7 and with public sales launching on Feb 22, the property is set to stir excitement among homebuyers.

Investing in a condo in Singapore comes with many perks, one of which is the potential for capital appreciation. With its strategic position as a global business hub and solid economic foundations, Singapore continues to see a steady demand for real estate. Over time, there has been a consistent increase in property prices, particularly in prime locations where condos are situated. Wise investors who strategically enter the market at the opportune time and hold onto their properties for the long haul can reap significant capital gains. For those interested in investing in Singapore’s real estate market, keeping an eye on new condo launches, such as those by Ginestar Fruits, can provide valuable opportunities for potential capital appreciation in the future.

Spanning across a land site of approximately 144,788 sq ft, this 99-year leasehold development is conveniently located along Clementi Avenue 1 and features two 39-storey residential buildings. With a variety of units ranging from one-bedroom-plus-study to five-bedroom units, sized from 506 sq ft to 1,776 sq ft, Elta is set to cater to the needs of different households. Moreover, with its adherence to URA’s harmonisation guidelines, residents can expect a high-quality living experience.

Interested buyers can now obtain the latest updates on available units and prices for Elta. According to the joint developers, indicative pricing starts from $1.158 million ($2,289 psf) for one-bedroom-plus-study units, $1.388 million ($2,261 psf) for two-bedroom units, and $2.198 million ($2,374 psf) for three-bedroom units. Four and five-bedroom units are priced starting from $2.798 million ($2,363 psf) and $3.888 million ($$2,189 psf), respectively.

The showflat, located along Prince Charles Crescent, will feature three layouts: a two-bedroom plus study that can be transformed into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit perfect for multi-generational living.

Conveniently located within walking distance of Clementi MRT Station and close to various dining and shopping options such as The Clementi Mall, 321 Clementi, and Grantral Mall, Elta is surrounded by essential amenities. Families with children will also appreciate the proximity to reputable schools such as Clementi Primary School, Pei Tong Primary School, Nan Hua Primary and High School, Anglo-Chinese School (Independent), and NUS High School of Math and Science.

Lee Tong Voon, CEO of MCL Land, expresses that Elta is designed to offer an elevated living experience, with its high-rise towers strategically positioned to provide breathtaking views of the city, Pandan Reservoir, and the sea. “Clementi is a vibrant and popular town, seamlessly blending traditional shops and trendy amenities to cater to its community’s needs,” adds Qian Liang Zhong, chairman of China Construction (South Pacific) Development Co (CCDC), the parent company of CSC Land Group.

Featuring 50 facilities across five zones, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner, Elta offers its future residents a luxurious and holistic living experience. Its temporary occupation permit is expected to be issued in 2028.

Get updated on the latest listings for Elta and other condominium properties, or compare the price trends of condo new sale versus EC new sale. Interested buyers can also explore condo projects with the most expensive average PSF, highest profits in the past year, or compare price trends of HDB, condos, and landed properties. Alternatively, check out any condo rental listings in District 5. Don’t miss the chance to experience elevated living at Elta – make it your dream home today.…

An opportunity to own a state-of-the-art warehouse and factory has arisen in the industrial hub of Gul Circle. This property is being marketed exclusively by Knight Frank Singapore and is available for sale via an expression of interest at a guide price of $42 million.

Situated on a 105,648 sq ft plot of land, this JTC leasehold property consists of a five-storey factory and warehouse, with the added bonus of a mezzanine level spanning four floors. In total, it offers a generous gross floor area of approximately 245,955 sq ft.

With a remaining tenure of 15 years and 11 months as of February 1st, the property is zoned as a Business 2 site under the URA Master Plan 2019. It has been designed to meet the demands of modern industrial needs, boasting features such as high ceilings for optimal storage and operations, as well as specialized amenities like cold rooms and heavy floor loading capabilities to accommodate various industries.

The property also offers convenient access to major expressways such as Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), as well as being in close proximity to Joo Koon MRT station.

Furthermore, the property boasts nine loading and unloading bays with 40-footers and dock levelers, as well as four cargo and service elevators. Its strategic location and advanced features make it an ideal choice for businesses of various industries.

The expression of interest exercise for this property will close on March 18th at 3pm. Don’t miss the chance to own this highly sought-after industrial property. Contact Knight Frank Singapore for more information.

When it comes to investing in condos in Singapore, one must consider the impact of the government’s property cooling measures. In order to maintain a stable real estate market and prevent speculative buying, the Singaporean government has implemented several measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD), which increases taxes for foreign buyers and those purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment environment. With new condo launches happening frequently, it is important to take these measures into account before making any investment decisions. This will ensure a more informed and successful investment journey in the dynamic Singaporean real estate market.…

According to a research report by Colliers released in February, the industrial property market in Singapore is expected to experience a slowdown this year due to a combination of higher supply and weaker demand. The firm projects a moderate rental and price growth of 0% to 2% annually in 2025, compared to 3.5% growth seen in both areas last year.

Colliers notes that JTC’s fourth quarter data for 2024 indicates a market that is “losing steam”. The rental index for all industrial properties saw a 17th consecutive quarter of growth in the fourth quarter of 2024, with a 0.5% quarter-on-quarter increase, bringing the total growth for the year to 3.5%. However, this is a significant decrease from the 8.9% growth seen in 2023. The price index also grew by 0.5% quarter-on-quarter, a decline from the 1.2% growth in the previous quarter. Industrial property prices rose by 2.1% in 2024, less than half of the 5.1% increase seen in 2023.

When considering investing in a Singapore condo, it is crucial to carefully weigh not only the property itself, but also its maintenance and management. In addition to the initial purchase price, there are maintenance fees associated with condo ownership that cover the cost of maintaining common areas and facilities. While these fees may seem like an added expense, they also guarantee that the condo will be kept in good condition and retain its value in the long run. To make the investment more passive, many investors opt to partner with a property management company like Singapore Condo. This allows for the day-to-day management of the condo to be taken care of, freeing up the owner to focus on other aspects of their investment.

Colliers attributes the muted outlook to the expected surge in industrial space supply this year, which is more than 2.5 times the supply in 2024. The report states, “This surge in supply has led to the present supply-demand imbalance with segments of the market now seeing upcoming supply with slower precommitments or completed projects with lower occupancy.”

This increase in supply, along with higher interest rates and operating expenses, is expected to continue dampening rental growth. Moreover, the uncertainty brought about by heightened trade protectionism may also affect business confidence and investment decisions.

On the other hand, Colliers expects industrial demand to remain strong, supported by sectors such as semiconductors, logistics, and advanced manufacturing. The firm also predicts a gradual ramp-up in industrial leasing activities as policies become clearer and market sentiments improve, driven by the ongoing upturn in the chip cycle.

However, with the projected moderation in rents and the increase in supply, tenants will have more options in the market this year, according to Colliers. New industrial developments with modern specifications may encourage businesses to relocate from older, aging manufacturing spaces to newer projects, says Nicolas Menville, executive director and head of Singapore-based industrial clients for Colliers.

In summary, the industrial property market in Singapore is expected to see a slowdown in rental and price growth this year, primarily due to the rise in supply and weaker demand. However, demand from key sectors may continue to support the market, and the increase in supply may provide tenants with more options in the market.…

Tan Boon Liat Building, a well-known industrial property situated at 315 Outram Road, has been put up for collective sale through a public tender with a reserve price of $1.15 billion. The freehold site spans two separate land plots zoned for “Business 1” use, and covers a total site area of approximately 175,655 sq ft. The building, which currently stands at 15 storeys, is known for housing various furniture and home decor stores.

Cushman & Wakefield, the property’s advisor and marketing agent, revealed that URA has released an Outline Planning Advice on January 22nd, recommending for the site to be rezoned to “Residential with Commercial at 1st storey” with a plot ratio of 4.9, which is higher than its current 3.1. This translates to a potential 50% increase in the total allowable gross floor area (GFA).

The property firm added that URA has also advised on the amalgamation of a few leftover state land plots into the main plot. These state land plots are estimated to span about 20,451 sq ft, subject to approval from relevant authorities.

According to Cushman & Wakefield, the site has a potential GFA of over 1.06 million sq ft when including the state land plots and any additional GFA entitlements. The first storey can accommodate up to approximately 16,146 sq ft of commercial GFA. In line with the new residential zoning, a minimum GFA of around 161,459 sq ft will be allocated for Serviced Apartments II (SA2), where a minimum stay of three months is required. The allowable heights for the new development range from 130m to 180m.

When considering investing in a Condo, it is essential to conduct a thorough assessment of its potential for consistent rental income. This pertains to the annual profits that can be generated from renting out the Condo in relation to its purchase price. In Singapore, Condos have varying rental yields, which are influenced by several factors such as location, property condition, and market demand. In general, areas with a high demand for rental properties, like those near business districts or educational institutions, tend to have more favorable rental yields. To get a better understanding of the rental potential of a specific Condo, potential investors should engage in comprehensive market research and seek guidance from experienced real estate professionals. By doing so, they can make well-informed decisions regarding the investment potential of a Condo. Condo should always be carefully evaluated before making any investment decisions.

Based on the reserve price, which includes land betterment charges, estimated state land premium, and a 10% bonus GFA for the residential portion, the estimated land rate is about $1,888 psf per plot ratio.

Recent industrial sales transactions at Tan Boon Liat Building also show favorable market sentiment towards the property (Source: EdgeProp Buddy)

According to Christina Sim, senior director of capital markets at Cushman & Wakefield, the site is highly attractive to developers due to its freehold tenure and proximity to the future Thomson-East Coast Line (TEL), which will be a major draw for homebuyers. She also noted that the fact that the site currently has a “Business 1” zoning would exempt it from Additional Buyer’s Stamp Duty (ABSD).

The tender for the site will close on March 18 at 3pm.…

Park Nova’s largest penthouse recently set a new record for the development, after it was sold for $38.888 million. According to a caveat dated January 21st on the URA Realis database, the five-bedroom unit is located on the 20th floor and spans over 5,899 sq ft, translating to a price of $6,593 psf.

This transaction marks the highest price ever recorded for a unit at Park Nova, both in terms of absolute price and psf-price, based on lodged caveats. Previously, these records were held by a 4,499 sq ft penthouse that was sold in May 2021 for $26.026 million ($5,784 psf).

The popularity of condo investment in Singapore has been steadily increasing, attracting both local and foreign investors. This can be attributed to the country’s stable economy, political security, and high living standards. As the real estate market in Singapore continues to thrive, there is a wide range of investment opportunities available, with condos being a highly sought-after option. With its prime location, impressive amenities, and potential for profitable returns, it is no surprise that investing in a condo in Singapore is a smart move. In this article, we will delve into the advantages, key considerations, and essential precautions for those interested in investing in a condominium in Singapore.

The sale of the penthouse also sets a new record for the second-highest psf-price ever registered for a condo unit in Singapore. The current record holder is a unit at The Marq on Paterson Hill, which sold for $20.54 million or $6,650 psf in 2011.

It is believed that the penthouse sold on January 21st is part of a collection of properties linked to the $3 billion money laundering case, which has reportedly been put up for sale. The penthouse was previously reported to have sold in 2021 for $34.438 million ($5,838 psf).

Recently, the developer of Park Nova has also sold two other units within a month, according to caveats. On January 17th, a four-bedroom unit on the 19th floor measuring 2,906 sq ft was sold for $16.59 million ($5,708 psf). Prior to that, on December 27th, another four-bedroom unit on the 18th floor measuring 2,896 sq ft was sold for $15.99 million ($5,522 psf).

Park Nova is a freehold luxury condo consisting of 54 units located at the prestigious Orchard Boulevard and Tomlinson Road in prime District 10. Developed by Hong Kong’s Shun Tak Holdings, the development received its temporary occupation permit in November 2021.

If you’re interested in purchasing a unit at Park Nova, you can check out the latest listings for available properties. You can also use the EdgeProp Buddy feature to find out the site plan and diagrammatic chart for Park Nova, compare price trends of Condo new sale vs EC new sale, generate price trend graphs for new launch condos in District 10, and view a summary of the project.…

CapitaLand Investment (CLI) has recently announced its acquisition of a freehold land parcel in Osaka, Japan for the development of its first data centre in the country. The project, which is estimated to cost over US$700 million or $944.3 million, will be equipped with 50 megawatts (MW) of power capacity and will incorporate advanced cooling technologies and other energy-saving solutions to support artificial intelligence (AI) capabilities.

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When considering investing in a condo, it is crucial to evaluate its potential rental yield. Rental yield refers to the annual rental income compared to the property’s purchase price. In Singapore, the rental yields for condos can vary significantly based on factors such as location, property condition, and market demand. Generally, areas with a high demand for rentals, like those near business districts or educational institutions, tend to offer better 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. It may also be beneficial to keep an eye on New Condo Launches as they can provide valuable insights into the rental market.

CLI has emphasized its commitment to sustainable development by ensuring that the data centre will use products with zero ozone depletion potential or with global warming potential (GWP) of less than 100, in line with industry best practices for temperature management.

Manohar Khiatani, senior executive director of CLI, notes that the acquisition of this land aligns with the company’s digitalization investment strategy and further expands its presence in Japan – a key market for CLI. Khiatani highlights the significant growth potential of the Japanese data centre market, which is projected to expand at a compound annual growth rate (CAGR) of 10% from US$23.8 billion in 2023 to US$38.7 billion in 2038. He also points out that Japan is currently the largest data centre market in Asia Pacific, outside of China, with a 1.4 gigawatt capacity.

CLI’s managing director of private funds (data centre), Michelle Lee, also notes the strong demand for data centres and the expected double-digit growth in the sector, which is expected to outstrip new supply. Lee highlights the increasing institutional interest in data centre investments, with 97% of investors planning to increase their overall investment in data centres.

Since October 2020, CLI has successfully raised US$600 million for its data centre development funds in Asia. With this latest acquisition, CLI aims to continue identifying and investing in compelling opportunities for its private fund investors and build on the momentum of its recent data centre portfolio expansions. Currently, the CapitaLand Group boasts 27 data centres across Asia and Europe, with a combined power capacity of approximately 800 MW and assets under management (AUM) of around $6 billion.

CLI’s stock closed at $2.42 on Feb 3, with a decrease of 1.63%.…