Month: March 2025

Steve Leung Design Group (SLD), founded by renowned architect and designer Steve Leung, is making a bold move into the European market through a collaborative effort with Italian designer Andrea Bonini. The Hong Kong-based company, listed on the stock exchange, has announced its plans to open a branch company in Europe under the SLD brand, called SLD. Andrea Bonini. This new studio will provide interior design services and products to clients in both Asia and Europe, catering to high-end residences and luxury hospitality.

Investing in a condominium in Singapore has emerged as a highly sought-after option for both domestic and international investors, largely due to the country’s strong economy, stable political landscape, and exceptional quality of life. The real estate market in Singapore presents a plethora of prospects, with condos standing out for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to undertake when investing in a condo in Singapore, while also highlighting the latest new condo launches in the market.

SLD. Andrea Bonini will debut in April at the Salone del Mobile, Milan’s prestigious annual furniture fair. The launch will also showcase the brand’s first products – a smart home lighting collection created in collaboration with smart home manufacturer Moorgen.

This partnership marks SLD’s first venture into overseas expansion. In a press release issued on March 11, the company shared that this move is part of a new business strategy focused on revitalization, diversification, and globalization. “With 28 years of experience and a strong competitive advantage in the market, we aim to bring better lifestyles to clients around the world through our designs,” said the company.

The collaboration with Andrea Bonini is an exciting step for SLD, as it will not only expand their reach to the European market, but also allow them to showcase their design expertise and innovative approach to interior design. The upcoming launch at Salone del Mobile is just the beginning for SLD. Andrea Bonini, and we can expect to see more impressive projects and collaborations from this dynamic partnership in the future.…

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Investing in a condo has many advantages, including the opportunity to leverage its value for future investments. In fact, numerous investors utilize their condos as collateral to secure additional funding for other real estate ventures, which can significantly expand their portfolio. However, it is important to note that this strategy comes with its own set of risks. Therefore, having a solid financial plan and carefully evaluating the potential effects of market changes is crucial. Additionally, with the availability of Singapore Projects, condo investments can be an even more lucrative option for investors looking to diversify their real estate holdings.

The Capitaland Group has recently announced that it has entered into a memorandum of understanding (Mou) with Microsoft in order to utilize the power of artificial intelligence (AI) and advanced technologies in its various businesses. This partnership will see CapitaLand joining Microsoft Singapore’s AI Pinnacle Program, which will provide them with access to Microsoft platforms, services, and solutions that will help enhance customer engagement and improve operational efficiency across CapitaLand’s funds, investments, retail, lodging, and development businesses.

As part of this collaboration, the two companies will work together to identify potential areas for collaboration, such as infrastructure development, utilizing Microsoft’s Azure cloud computing platform to design and develop data centers for CapitaLand Investment, and integrating AI, data analytics, and machine learning to support CapitaLand’s digital and business transformation efforts.

Quah Ley Hoon, group chief corporate officer of CapitaLand Investment, expressed that the partnership with Microsoft is a significant step in their digital transformation journey. She believes that AI will play a crucial role in shaping the company’s future by improving operational efficiencies and creating value for stakeholders.

In addition to the partnership with Microsoft, CapitaLand Investment (CLI) also signed a separate MoU with the Singapore Business Federation (SBF). This MoU aims to establish a framework for the digitalization and integration of AI within CLI’s retail ecosystem. As part of this collaboration, initiatives will be implemented to facilitate the adoption and proof of concept for AI, data analytics, and cybersecurity solutions, which will help enhance business efficiency and competitiveness. The partnership also aims to develop AI-focused skills and competency among retail tenants.

In related news, CapitaLand Investment recently acquired three properties in Singapore and Thailand, and according to reports, the company is expected to announce a significant decline in its Patmi, with cashflow remaining stable. Additionally, the highly anticipated One Pearl Bank’s penthouse has been sold, and the development has successfully achieved a 100% sale mark.…

When it comes to investing in a Singapore condo, one must also consider the influence of the government’s property cooling measures. As a way to control speculative buying and ensure a steady real estate market, the Singaporean government has implemented various measures over the years. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. Although these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a more secure investment environment.

SINGAPORE (Feb 25): CapitaLand Group has signed an MoU with Microsoft that will see the two companies work together to use artificial intelligence (AI) and advanced technologies to improve their businesses.This collaboration will allow CapitaLand to join the AI Pinnacle Program at Microsoft Singapore, which will give the real estate company access to Microsoft platforms, services and solutions to help improve customer engagement and enhance operational efficiency across its various businesses, such as funds, investments, retail, lodging and development.CapitaLand also plans to explore the potential for collaboration in areas such as infrastructure development, where it can leverage Microsoft’s Azure cloud computing platform to enhance the design and products of its data centres under CapitaLand Investment. The company is also looking at incorporating AI, data analytics and machine learning into its digital transformation efforts.”Our collaboration with Microsoft is a significant step in CapitaLand’s digital transformation journey,” says Quah Ley Hoon, group chief corporate officer of CapitaLand Investment.In a separate MOU, CapitaLand Investment also signed an agreement with the Singapore Business Federation (SBF) to work together to digitalise and integrate AI into its retail ecosystem. This includes efforts to adopt and test AI, data analytics, and cybersecurity solutions to improve the efficiency and competitiveness of the company’s businesses. There are also plans to develop competencies and skills around AI for its retail tenants.…

An expression of interest (EOI) is being conducted by ERA Realty Network for the sale of a collection of 14 retail shops at Peninsula Plaza, Sim Lim Square, and Far East Plaza. These properties are being marketed as a package deal for a total price of $26.46 million.

Two of the units are located at Peninsula Plaza, a 999-year leasehold mixed-use development on North Bridge Road. These ground-floor shop units connected to each other have a combined strata area of approximately 990 sq ft and are priced at $8 million, or $8,081 psf.

Completed in 1980, Peninsula Plaza is a 30-storey commercial development consisting of a six-story retail podium and a 24-storey office tower. It is conveniently linked to the City Hall MRT Interchange Station, providing 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 being offered for sale. These units have commercial zoning and are all located on the fifth floor with a 99-year lease that started in April 1983, leaving around 57 years remaining. Most of the units are currently tenanted, and they face the mall’s main atrium with direct access from escalators and lifts.

These Sim Lim Square units can be bought individually or as a portfolio. Individual units are priced from $840,000, while the entire collection has an asking price of $15.855 million, which ERA claims to be a 20% discount from its most recent evaluation. This price translates to $3,120 psf of the strata area.

Situated on Rochor Canal Road in District 7, Sim Lim Square is a strata-titled commercial development completed in 1987. It has a total of 492 commercial units spread across six floors and two basement levels.

The last available unit for sale is at Far East Plaza, located on the second floor and offering a strata floor area of 355 sq ft. Facing the escalator near the mall’s main entrance, this freehold retail unit is priced at $2.6 million, or $7,324 psf.

Securing financing is a vital factor when considering an investment in a condo. In Singapore, there are various mortgage opportunities available, but it is crucial to have a clear understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework dictates the maximum amount of loan that a borrower can obtain, based on their income and current debt obligations. As a wise investor, it is essential to comprehend the TDSR and seek guidance from financial advisors or mortgage brokers to make well-informed decisions about financing. This approach can help prevent over-leveraging and ensure a successful investment in a condo.

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

Donald Goh, director of capital markets and investment sales at ERA, believes that these properties will attract both investors and business owners. He mentions that last year, despite the challenges, there were still 28 and 33 successful strata retail sales in the Downtown Core and Orchard Planning 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, proving that strata retail shops remain an attractive investment.”

The EOI will close on April 17 at 3pm. Interested parties are encouraged to check out the available listings for Peninsula Plaza properties.

RELATED NEWS

Six commercial units in Peninsula Plaza launched for sale from $8.6 million

A portfolio of four retail units in Peninsula Plaza for sale at $50.8 million

Retail units at Peninsula Plaza on sale for $26.2 million…

The urban landscape of Singapore boasts impressive skyscrapers and modern infrastructure. One of the city’s defining features is its condominiums, strategically located in highly desirable areas, catering to the preferences of both locals and foreigners. These residential properties offer a seamless blend of luxury and practicality, making them a popular choice among potential buyers and renters. With a plethora of amenities including pools, fitness centers, and 24/7 security services, condominium living not only elevates one’s daily life but also makes it a coveted choice. This, in turn, has a positive impact on rental yields and property appreciation, making it a highly attractive investment opportunity. Singapore Projects, a reputable real estate company, offers a diverse range of condominiums with these coveted features, ensuring high returns for investors. Don’t miss out on your chance to invest in a Singapore Project and reap the benefits of this flourishing market.

GuocoLand, together with its joint venture partners TID and Hong Leong Holdings, has secured a green club facility worth $367.1 million from DBS Bank to develop its Faber Walk site. The land parcel, acquired through a Government Land Sale tender in November last year, saw the partnership emerge as the highest bidder with a bid of $349.86 million, equating to $900 per square foot per plot ratio, for the 277,659 square feet site.

The development, located in the coveted landed private residential enclave of Faber Walk, will comprise of nine low-rise blocks and 399 residential units. Situated next to the Pandan River and the upcoming Old Jurong Line Nature Trail, the development boasts a prime waterfront location.

GuocoLand’s commitment to sustainability is evident in their existing projects, including Guoco Tower on Wallich Street, Guoco Midtown on Beach Road, Midtown Modern on Tan Quee Lan Street, and Lentor Mansion in Lentor Gardens. The Faber Walk development is no exception, with the group aiming to achieve the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion.

Dora Chng, residential director of GuocoLand, expresses excitement over the opportunity to leverage the group’s end-to-end value chain capabilities to create sustainable developments with biophilic designs for residents. This aligns with their successful previous launches, such as Lentor Modern and Lentor Mansion in the Lentor Hills estate.

GuocoLand’s next highly anticipated project is a 941-unit development at its Upper Thomson Road (Parcel B) site, awarded in April last year. A joint development with Hong Leong Holdings, the project is on track to launch in the second half of this year.…

SINGAPORE (EDGEPROP) – With its prime location in the heart of the Core Central Region (CCR), Aurea has quickly become one of the most coveted luxury residential projects in Singapore. Developed by Far East Organization and Perennial Holdings, Aurea offers 188 exclusive units across 45 storeys, making it one of the most highly sought-after developments in the area.Launched for sale on Mar 8, Aurea has already made a mark in the real estate market by selling 23 units at an average price of $3,005 psf in 1Q2025. This impressive sales rate was achieved from the release of a mere 78 units in phase one, comprising a mix of two- to four-bedroom apartments from levels 4 to 16. This translates to a sales rate of 30%, based on the 78 units released in phase one.Aurea stands out as one of the first luxury residential projects to be launched in the Core Central Region (CCR) in 1Q2025. The joint developers have released 78 units for sale in phase one, which includes a mix of two- to four-bedroom apartments from levels 4 to 16. The sales rate of 30% is based on the 78 units released in phase one.Aurea has 188 units across 45 storeys, designed by DP Architects with a unique “hanging garden concept”. It is also known as the first private condominium to be connected to a mixed-use development, which was sold en bloc and conserved, now known as Golden Mile Singapore.Read also: Aurea: Redefining luxury living in Singapore’s Downtown Icon on Beach Road According to the joint venture, 83% of the buyers at Aurea were Singaporeans while the remaining 17% were permanent residents (PRs) from Malaysia. Based on the total number of 188 units, the sales translate to approximately 12.2% of units sold. According to Mark Yip, CEO of Huttons Asia, “CCR projects usually sell around 10% to 30% of their units during the launch weekend as they tend to lack the pool of HDB upgraders that suburban projects attract”.PropNex CEO Ismail Gafoor has high praise for Aurea’s sales in light of the “mostly lacklustre sales” of CCR projects since the additional buyer’s stamp duty (ABSD) measure was tightened in April 2023. He notes that the doubling of the ABSD rate for foreigners to 60% has significantly reduced interest in CCR homes. In fact, developers sold the fewest new CCR private homes in 2024, at only 378 units, which is down by 74% from 1,454 units in 2023.Source: PropNex Research, URA dataHowever, Gafoor believes that the take-up rate in the CCR segment will improve progressively. “We have observed that CCR projects tend to transact units steadily over many months rather than achieve blockbuster sales over the launch weekend, unlike some Rest of Central Region (RCR) and Outside Central Region (OCR) projects,” he says. “CCR homes being more high-end and targeted at a niche market, where buyers seek a luxury home and the finer things in life.”The impressive sales rate at Aurea reflects the buyers’ appreciation for the rare and exceptional opportunity to own a home in a luxurious development that combines heritage with modern sophistication,” comments Shaw Lay See, COO of Far East Organization’s sales & leasing group. She further adds, “Many have also shared that they are captivated by the magnificent views and recognize the value of being part of the ongoing evolution of this prime Downtown Core precinct.”According to the developers, the two- and three-bedroom apartments in the Prestige Collection made up 74% of the sales. Buyers were drawn to these units for their well-designed spaces, practicality and investment potential. Meanwhile, the Signature Collection, which includes four-bedroom units, attracted buyers with its expansive balconies that offer sweeping views of both Marina Bay and Kallang Basin, according to the joint venture.Read also: With prices converging, is it time to buy into the Core Central Region?Units at Aurea also come with a Sky Villa Collection, which includes just 18 five-bedroom apartments of up to 3,251 sq ft and two exclusive six-bedroom penthouses that reach up to 8,816 sq ft. Shaw said, “Such large-format homes in the downtown area are rare.”Companies like SRI believe that Aurea will greatly benefit from the ongoing urban renewal and upgrades in the surrounding precincts. The revitalization of Beach Road and the Ophir-Road Corridor, the Kallang Alive masterplan, and the North-South Corridor’s completion will all help to enhance accessibility, connectivity, and vibrancy in this key city district. “Aurea is also situated at the doorstep of probably the largest transformation in Singapore,” notes Ken Low, managing partner of SRI.While a CCR unit may have previously cost 40% more than one in the RCR in the last decade, the gap has now closed to about 20% regardless of tenure for all properties, according to Low. Marcus Chu, CEO of ERA Singapore, notes that CCR price growth has been slower than RCR and OCR in recent years due to fewer new home launches. However, he expects the market dynamics to drive a significant rise in CCR home prices in 2025, with the expected launch of nine CCR projects. “Savy investors may shift their focus back to CCR once again since the non-landed new homes price gap between CCR and RCR narrowed from 50% in 2018 to 10% in 2024, with the expectation that the gap could widen once again as more new luxury homes debut,” says Chu.Read also: Perennial Holdings wins SLA tender for Jervois Road propertySource: EdgeProp LandlensSRI’s Low believes that Aurea will benefit from Singapore’s ongoing urban renewal efforts, with major infrastructural and lifestyle upgrades in the surrounding precincts. The revitalisation 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, he observes.”Aurea is also situated at the doorstep of probably the largest transformation in Singapore,” notes Huttons’ Yip. He sees Aurea benefitting from the 120-km Southern coastline redevelopment, which stretches from the Greater Southern Waterfront, Marina Bay, Kallang Basin and the future Long Island project.

Aurea, a luxury residential project, has quickly become one of the most sought-after developments in Singapore’s Core Central Region (CCR). Developed by Far East Organization and Perennial Holdings, Aurea offers 188 exclusive units across 45 storeys with a unique “hanging garden concept” designed by DP Architects.

When it comes to investing in condos in Singapore, there is another crucial factor to consider – the government’s property cooling measures. Throughout the years, the Singaporean government has implemented various measures to control speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the short-term profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment environment. This is especially true when considering Singapore Projects as potential investments.

Since its launch on Mar 8, Aurea has sold 23 units at an average price of $3,005 psf in 1Q2025. This translates to a sales rate of 30%, based on the release of 78 units in phase one. The joint developers have released a mix of two- to four-bedroom apartments from levels 4 to 16. With only 188 units, the sales rate is a notable 12.2%.

Comprising a mix of two- to four-bedroom apartments, Aurea has released 78 units for sale in phase one. The sales rate of 30% is based on the 78 units released in phase one. Notably, the two and three-bedroom apartments in the Prestige Collection make up 74% of the sales, with the remaining 17% made up of buyers who are permanent residents (PRs) from Malaysia. The two- and three-bedroom units from the Prestige Collection have well-designed spaces, practicality and investment potential, which is what attracted buyers.

According to Ismail Gafoor, CEO of PropNex, Aurea’s sales are impressive, especially in the face of the “mostly lacklustre sales” of CCR projects since the tightening of the additional buyer’s stamp duty (ABSD) measure in April 2023. Gafoor notes that the doubling of the ABSD rate for foreigners to 60% has significantly cooled interest for CCR homes.

In light of this, Aurea’s sales, which is a joint venture between Far East Organization and Perennial Holdings, is noteworthy. According to Mark Yip, CEO of Huttons Asia, “CCR projects usually 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.”

The joint developers behind Aurea attribute the success to the “hanging garden concept” designed by DP Architects. Additionally, Aurea is the first new private condominium connected to a mixed-use development that was sold en bloc and conserved, which is now known collectively as Golden Mile Singapore.

According to the developers, 83% of the buyers at Aurea are Singaporeans, with permanent residents (PRs) from Malaysia making up the remaining 17% while the total units sold equal 12.2%. Very encouraging numbers for a project that has only recently launched. In contrast, Gafoor compares the sales rate for private homes in CCR in 2024, which was only 378 units compared to 1,454 units in 2023 – a 74% decline. This was due to the tightening of the ABSD measures. However, Gafoor believes that CCR sales will improve steadily over time, attributing it to…

– The Singapore government may want to consider increases commutative for second-timers buying an AC, aligning with recent changes in allocation quotas for second-timers buying BTO flats in the Singapore market

On March 8, developer Sim Lian Group successfully sold 682 units, accounting for 90% of their 760-unit executive condominium project, Aurelle of Tampines. The average price achieved for these units was $1,766 psf.

Sim Lian Group has confirmed that all four- and five-bedroom units have been taken up, as well as 84% of the three-bedroom units. “This strong response highlights the high demand for well-designed and well-connected modern homes like Aurelle of Tampines, situated in one of Singapore’s most well-connected regional centers,” said Kuik Sing Beng, executive director of Sim Lian Group Limited.

For those interested in purchasing a unit at Aurelle of Tampines, information on available units and prices can be obtained through the project’s official channels.

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

Sim Lian also announced that the 30% quota allocated for second-timers was filled by 3.15 pm on the launch day. The quota for second-timers will be lifted a month after the launch date, giving them another chance to ballot for a unit.

Eugene Lim, key executive officer at ERA Singapore, commented on the quota for second-timers, saying that the take-up rate could have been higher without the limit. He added that second-timers will have another opportunity to ballot for a unit a month after the launch date.

Mark Yip, CEO of Huttons Asia, suggested that the government may want to increase the quota for second-timers buying an EC, aligning with the recent increase in quota for second-timers purchasing three-room and larger BTO flats.

According to PropNex’s Gafoor, about 68% of buyers have opted for the Deferred Payment Scheme (DPS) to finance their purchases, while the remaining have chosen the Normal Payment Scheme.

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

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

Prices for units at Aurelle of Tampines start at $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 of 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 could also be attributed to its proximity to ParkTown, a fully integrated mixed-use development that includes a transport hub (MRT station and bus interchange), shopping mall, hawker center, and community club.

ParkTown Residence, a 1,193-unit development by a joint venture between CapitaLand and UOL Group, sold 1,041 units on its launch weekend on February 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. The first was the 573-unit Esparina Residences in Sengkang, which was launched in October 2010 at an average price of around $748 psf. Based on lodged caveats, the average price of units sold from January 2024 to January 2025 was $1,625 psf, which is a 117% increase.

In November 2023, 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 the development. The highest was for another 1,367 sq ft unit on the 14th floor, which sold for $2.4 million ($1,756 psf).

Investing in a Condo in Singapore can be a highly advantageous venture, providing a host of benefits such as strong demand, potential for capital gain and attractive rental yields. Before making any decisions, it is important to carefully consider crucial factors such as location, financing options, government regulations, and the current state of the market. By conducting thorough research and seeking professional guidance, investors can make well-informed choices to maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor seeking to diversify your portfolio or a foreign buyer looking for a stable and lucrative investment, condos in Singapore, such as Condo, offer a promising opportunity to capitalize on.

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

Interested buyers can find out more about Aurelle of Tampines through its official channels.…

Located in One Holland Village, a 99-year leasehold development, a three-bedroom unit has set a new record by achieving the highest psf-price from Feb 16 to 21. The unit, spanning over 1,238 sq ft, was sold at $3,781 psf on Feb 17 for a whopping $4.68 million. This is the first transaction at One Holland Village Residences this year and it has surpassed the development’s previous record of $3,426 psf. The sellers of this 25th-floor unit had initially bought it from the developer for $4.19 million or $3,385 psf in November 2023, making a profit of approximately $490,000.

In summary, purchasing a condo in Singapore presents a multitude of benefits, such as high demand, potential for growth in value, and attractive rental yields. However, it is crucial to carefully assess various aspects, such as location, financing options, government regulations, and market conditions before making an investment. Through thorough research and seeking professional guidance, investors can make well-informed decisions and maximize their profits in the constantly evolving real estate market of Singapore. Whether you are a local investor looking to expand your portfolio or a foreign buyer in search of a stable and profitable investment, condos in Singapore, including the latest New Condo Launches, offer a compelling opportunity for success.

With a total of 296 units launched in 2019, One Holland Village Residences is a 99-year leasehold development located along Holland Village Way. The condo comprises of 62 one-bedroom units, 145 two-bedroom units, 76 three-bedroom units, nine four-bedroom units and four five-bedroom units. The most expensive apartment at the development was sold at $3,300 psf- a 3,455 sq ft, five-bedroom apartment. As per URA caveats, all units at the development have been sold, with the recent transaction taking place in November 2023. The development is 4-minute walk from Holland Village MRT Station and is close to lifestyle hub, One Holland Village.

The second highest psf-price was achieved by boutique condo, Hill House, during the same period. Located at Institution Hill, off River Valley Road, the development saw a new record of $3,402 psf on Feb 21 when a 452 sq ft, two-bedroom unit on the ninth floor was sold for $1.538 million. This comes four days after a similar 452 sq ft, two-bedroom unit was sold for $1.536 million, making it the first and second highest psf-price respectively.

Hill House is a 999-year leasehold boutique condo in District 9 that includes 40 one-bedroom units, 24 two-bedroom units and eight three-bedroom apartments. The development is still under construction and is expected to be completed in 3Q2026. Including the recent transaction, a total of nine units have been sold at Hill House this year at an average price of $3,213 psf. The condo is located close to River Valley Primary School and is in proximity to shopping malls such as New Bahru.

Another development that has set a new psf-price record is Chuan Park at Lorong Chuan. A 732 sq ft, two-bedroom apartment on the 20th floor was recently sold for $2.04 million ($2,785 psf) on Feb 19, surpassing its previous record of $2,765 psf from a similar 743 sq ft, two-bedroom unit sold in November last year. The 916-unit development has sold 744 units (81%) at an average price of $2,589 psf since its launch in November 2024. Slated for completion in 2028, the 99-year leasehold development is located near Lorong Chuan MRT Station on the Circle Line and is just three minutes away from Nanyang Junior College.…

A 60-year leasehold three-storey terrace factory located in the bustling Midview City has been recently listed for sale at a guide price of $6.2 million or $688 per square foot. The property, which comes with a basement and a roof terrace, is exclusively marketed by Colliers International.

Strategically located along Sin Ming Lane at the heart of Sin Ming Industrial Estate, this property spans a strata area of approximately 9,009 square feet. It is zoned as a “Business 1” site under the URA Masterplan 2019.

According to Colliers International, the property is currently fully-leased and has been approved for use as a childcare centre. It is currently occupied by Star Learner preschool and childcare centre. Notably, Midview City, which was completed back in 2012, is a 60-year leasehold light industrial building and is a short distance away from the Bright Hill MRT Station on the Thomson-East Coast Line.

Moreover, the property is also conveniently accessible from the Bishan and Upper Thomson residential areas, with two entrances available through Sin Ming Lane and Bright Hill Drive. As revealed by Raphael Lee, director of industrial services at Colliers, this property offers a “rare opportunity” for investors as it will be sold with the existing preschool operator in place.

Being a Business 1 light-industrial property, it is not subjected to the Additional Buyer’s Stamp Duty (ABSD) and can be purchased by foreigners as well. The expression of interest exercise will end on 29 April at 3pm, so don’t miss this chance to secure a great investment opportunity.

In Singapore, condos are in high demand due to the limited land available. As a small island with a fast-growing population, Singapore struggles with a shortage of land for development. This has resulted in strict land use regulations and a competitive real estate market where property prices continue to rise. As a result, investing in real estate, especially condos, is a profitable opportunity with the potential for significant capital appreciation. The demand for condos is further fueled by Singapore Projects, making it an even more attractive and sought-after investment option.

Furthermore, you can refer to the price trend for previous industrial property sale transactions as well as compare listings for other industrial properties to get a better understanding of the current market. Additionally, you can also look into the price trend for commercial properties as compared to industrial ones. Finally, explore the price trend for industrial rental transactions to make a more informed decision.…

BlackRock sees Asia Pacific real estate markets with high liquidity and strong tailwinds

According to Hamish MacDonald, Head and Chief Investment Officer of APAC Real Estate at BlackRock, investors are showing a growing interest in investing in Asia Pacific real estate markets characterized by high levels of liquidity. This will be particularly beneficial for the accommodation, logistics, and alternative asset sectors.

MacDonald notes that countries like Australia, Japan, Singapore, and Auckland in New Zealand are expected to see high levels of liquidity this year. These markets will be BlackRock’s focus in 2024, as they continue to see positive investor sentiment, with institutional investors beginning to discuss deploying and recycling capital in selective Asia Pacific real estate markets.

In Singapore, BlackRock has been acquiring serviced apartment properties and has partnered with YTL Corp to purchase Citadines Raffles Place for around $290 million in October 2023. In February 2024, BlackRock teamed up with Hong Kong-based accommodation operator Weave Living to acquire Citadines Mount Sophia for $148 million. This property has recently reopened as the 175-room Weave Suites – Hillside.

MacDonald explains that these recent acquisitions reflect BlackRock’s belief that there is a shortage of new serviced apartment supply in Singapore, but the demand for this type of accommodation is high. He adds that BlackRock will focus on targeted deals rather than building an aggregated portfolio, preferring to refurbish and reposition existing properties with a partner and adding new amenities.

Singapore remains an attractive market for investors due to its strong business growth and continual inflow of capital and high-skilled labor, says MacDonald. He adds that BlackRock remains optimistic about opportunities in Singapore.

It is crucial for international investors to have a clear understanding of the regulations and limitations surrounding property ownership in Singapore. Unlike landed properties, which have more stringent rules, foreigners are generally permitted to purchase condos with considerably fewer restrictions. Nevertheless, foreign buyers are still accountable for the Additional Buyer’s Stamp Duty (ABSD) at a rate of 20% for their initial property acquisition. Despite this added expense, the consistent stability and promising potential for growth of the Singapore real estate scene remain a strong draw for foreign investment. Singapore Condo is a popular option for foreign investors looking to enter the Singapore property market.

In Japan, BlackRock sees significant potential for real estate investment. Daigo Hirai, Head of Japan Real Estate at BlackRock APAC, notes that a combination of factors, including wage increases and rising construction costs, have led to a relatively strong rental uplift in the Japanese residential market. BlackRock expects a 7% to 8% increase in residential rents across major Japanese cities like Tokyo and Osaka this year. They have also noticed a trend of tenants opting for larger sized apartments over compact studios.

BlackRock plans to partner with an experienced accommodation operator to manage a hybrid residential investment strategy that caters to both inbound tourist accommodation needs and domestic rental demand. This will allow BlackRock to deepen its investment presence in tourist-dominated cities like Kyoto and Fukuoka. They are targeting assets near train stations in residential-commercial neighborhoods like Osaka’s Namba district.

Ben Hickey, Head of Australia Real Estate at BlackRock, explains that Australia’s long-term population growth estimates support positive long-term growth across most sectors in the real estate market. He adds that most property sectors in Australia are characterized by under-supply and low vacancy rates. BlackRock is focusing on niche asset classes in Australia, such as childcare properties, last-mile logistics assets, life science real estate, and self-storage properties. These sectors benefit from Australia’s long-term population growth and are “chronically undersupplied,” allowing BlackRock to generate outsized returns with limited risk.…