Condo Gine Star Fruits

One Bernam, a mixed-use development with 351 residential units located in the popular Tanjong Pagar district, recently offered 87 units for sale at promotional prices during the weekend of Jan 11 to 12. Developed by MCC Land and Hao Yuan Investment, the 99-year leasehold apartment tower was initially launched in May 2021. According to caveats lodged as of Jan 10, over 75% of the units had already been sold at an average price of $2,585 psf.

During the weekend promotion, the discounted prices applied to all remaining 87 units, which included one-bedroom to three-bedroom units as well as penthouses. Interested buyers can search for the latest new launches to find out more about transaction prices and available units.

The one-bedroom units, each ranging from 441 sq ft to 463 sq ft in size, saw price discounts of $323,000 to $438,000. These units were sold at prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Meanwhile, the two-bedroom apartments, which are 700 sq ft to 732 sq ft in size, had price discounts from $437,000 to $668,000, with units selling at prices from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). The two-bedroom plus study apartments, which are 807 sq ft to 872 sq ft in size, saw price discounts ranging from $380,000 to $800,000. These units were sold at prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf).

The three-bedroom apartments, which are 1,421 sq ft in size, had discounts ranging from $616,000 to $830,000. These units were sold at prices ranging from $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).

The remaining units for sale are limited to three penthouses, with only two three-bedroom penthouses available for sale. These units have sizes of 1,744 sq ft and 1,948 sq ft respectively, while the remaining unit is a five-bedroom penthouse with a size of 4,306 sq ft.

According to Marcus Chu, CEO of ERA Singapore, the sales performance of One Bernam highlights the strong interest in the property as a stable and high-potential asset. He adds that about 78% of the purchasers bought their units as investments, and 87% of the buyers for One Bernam were Singaporeans, with 70% aged between 31 and 50.

Following the overwhelming response over the weekend, only three penthouses are currently available for sale, bringing total sales to 99%. This trend is expected to continue given that the project is scheduled to obtain a Temporary Occupation Permit (TOP) in March 2026, which means investors can start generating rental income to support their loan instalments.

Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. While foreigners can easily purchase condos, ownership of landed properties is subject to stricter rules. It is important to note that foreign buyers are also liable to pay the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their initial property purchase. Despite these added expenses, the stability and potential for growth in the Singapore real estate market remains a strong draw for foreign investments. In fact, the market’s appeal is further enhanced by the introduction of exciting new condo launches.

Based on EdgeProp Landlens data, average monthly rents of existing apartment projects in the area, such as Altez, Eon Shenton and 76 Shenton, command rental rates ranging from $6.90 psf to $7.40 psf. With the reduced competition from foreign buyers due to the hike in Additional Buyer’s Stamp Duty (ABSD) imposed in 2023, more opportunities have opened up for local buyers to enter the market. This has resulted in local demand being the key driver for Central Core Region (CCR) properties moving forward, with competitive pricing making these developments a desirable and stable investment choice. Interested buyers can check out the latest listings for One Bernam properties and compare its price trend with that of resale condos to make an informed decision.…

Singapore’s Real Estate Developers’ Association (Redas) has recently appointed its newest management committee for the next two years. During their Annual General Meeting on January 9, members have unanimously re-elected Tan Swee Yiow, the Chairman of Keppel Reit Management, as its President for his second term.

When it comes to investing in Singapore, it is crucial for international investors to familiarize themselves with the policies and limitations surrounding property ownership. Unlike landed properties, which have stricter regulations, foreigners are generally able to purchase condos with minimal restrictions. However, it is important to note that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their first condo purchase. Despite this additional cost, the Singapore real estate market remains highly desirable for foreign investment due to its stability and potential for growth. Condos continue to be a popular choice for foreign investors in Singapore.

“We are honored to have Tan Swee Yiow as our President once again,” stated Redas, noting that the composition of the new management committee is well-rounded and diverse, encompassing representatives from various sectors, scales, and expertise within the industry.

The new management committee includes Tan Swee Yiow as President, Chia Ngiang Hong as Immediate Past President, Kwee Ker Wei as First Vice President, Marc Boey as Second Vice President, Chong Hock Chang as Honorary Secretary, Neo Soon Hup as Honorary Treasurer, Chew Peet Mun as Honorary Assistant Secretary, and Tho Leong Chye as Honorary Assistant Treasurer.

Notably, during the Redas’ 65th-anniversary celebration, Chia Ngiang Hong, Immediate Past President of Redas, was honored with the Lifetime Achievement Award. In line with this, he congratulated the newly appointed management committee and expressed his confidence in Tan’s leadership, emphasizing the trust that the Redas community has put in him.

Tan, on the other hand, recognizes the diversity of the new management committee as an opportunity to drive initiatives that will have a significant impact on the built environment ecosystem. He also shared that the committee’s broad representation and expertise will enable them to effectively execute their responsibilities and uphold their commitment to the industry.

Amidst the current challenges that the real estate industry faces, the Redas management committee aims to foster innovation and sustainable practices that will drive the sector forward. With the new management committee in place, the association is positioned to lead the industry towards a more resilient and future-ready landscape.…

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Before making an investment decision on a Condo, it is crucial to carefully consider its potential rental yield. This refers to the percentage of the purchase price that can be earned through annual rental income. In Singapore, the rental yields for Condos can vary greatly and are influenced by factors such as location, property condition, and market demand. Generally, areas that have a high demand for rentals, like those near commercial hubs or educational institutions, tend to offer more enticing rental yields. To gain a better understanding of a specific Condo’s rental potential, it is important to conduct thorough market research and seek advice from experienced real estate agents. By doing so, you can make an informed decision when investing in a Condo. Condos should always be carefully considered before making any financial commitments.

The recent sale of a unit at The Arcadia has been the most lucrative resale deal in the final weeks of December. The unit, which measures 3,767 square feet, was sold for a whopping $4.75 million, resulting in a profit of $3.25 million for the seller. This translates to a whopping 217% increase from the original purchase price of $1.5 million in 1998, which is equivalent to $398 per square foot. This means that the annualised profit over 26 years is 4.5%.

Last year, five units at The Arcadia were sold for profits ranging from $60,000 to $3.25 million. The highest profit recorded was for a 3,778 square foot unit on the fourth floor, which was sold for $4.6 million ($1,218 psf) on October 10. This resulted in a profit of $60,000 for the seller.

The record for the highest profit at The Arcadia belongs to a penthouse on the 10th floor, measuring 7,503 square feet. The unit was sold for $10 million ($1,333 psf) in 2010, resulting in a profit of $4.5 million (81%) for the seller. The penthouse was purchased for $5.5 million ($733 psf) in 2007, equating to an annualised profit of 19% over three years.

The Arcadia is a freehold condominium located in District 11, along Arcadia Road. It was completed in 1983 and has 54 years remaining on its lease. The surrounding area is known for its landed estates and Good Class Bungalows, as well as top schools such as Raffles Girls Primary School, Hwa Chong Institution, and National Junior College.

In the same period, the second most profitable resale took place at Tanglin Hill Meadows on December 10. The unit, measuring 2,077 square feet, was sold for $4.5 million ($2,166 psf), resulting in a profit of $2.7 million (150%) for the seller. This translates to an annualised gain of 3.6% over 26 years.

Tanglin Hill Meadows, a freehold condominium located in District 10, was completed in 1997 and has 77 years remaining on its lease. The most profitable resale at this development was previously recorded in 2010 when a unit measuring 2,002 square feet was sold for $3.73 million ($1,863 psf). The unit was originally purchased for $1.45 million ($724 psf) in 2005, resulting in an annualised profit of 21% over five years.

On the other hand, there have been several losses recorded at Seascape, a 99-year leasehold condominium located in Sentosa Cove. The most recent transaction involved a 2,174 square foot unit on the seventh floor, which was sold for $3.98 million ($1,830 psf) on December 18. The unit was initially purchased for $5.95 million ($2,736 psf) in 2011, resulting in a loss of $1.97 million (33%) for the seller. This equates to an annualised loss of 2.5% over 13 years.

This sale was the third resale transaction at Seascape last year, all of which resulted in losses ranging from $1.75 million to $2.53 million. The second-largest loss, amounting to $2.53 million, was recorded when a unit measuring 2,680 square feet was sold for $4.5 million ($1,679 psf) on August 14, 2024.

Seascape, completed in 2012, consists of 151 units facing the South China Sea. The units range from three to four bedrooms, measuring 2,164 square feet to 4,069 square feet. There are also penthouses measuring 3,380 square feet to 4,252 square feet, and sky villas measuring 6,631 square feet to 9,666 square feet.…

A luxurious Good Class Bungalow (GCB) situated at Victoria Park has just been put on the market with a price tag of $61 million. The stunning seven-bedroom bungalow was constructed three years ago and is situated at the end of Victoria Close, a cul-de-sac that boasts only 10 other homes.

Overall, there are many benefits to investing in a condominium in Singapore. This includes a strong demand for these properties, the potential for increasing value over time, and attractive rental yields. However, it is crucial to carefully consider various factors such as location, financing options, government regulations, and market conditions. By conducting thorough research and seeking guidance from professionals, potential investors can make well-informed decisions and maximize their returns in Singapore’s ever-changing real estate market. Whether you are a local looking to diversify your portfolio or a foreign buyer interested in a stable and profitable investment, condos in Singapore offer a compelling opportunity. For more information and to explore current Singapore projects, be sure to do your due diligence and seek professional advice. This will help you tap into the potential of Singapore’s dynamic real estate market and reap the benefits of condominium ownership.

According to Jervis Ng, the associate group district director at PropNex Realty and the agent in charge of this GCB’s sale, the number of houses in this elite neighborhood can only increase by splitting larger plots of over 30,000 square feet, as stated by planning guidelines. Ng, who is also the founder of JNA Real Estate, a property team affiliated with PropNex, states that “the exclusivity and privacy enjoyed by the GCBs along Victoria Park Close will be preserved” which is a priority that many affluent individuals and their families are willing to pay a premium to have.

He goes on to mention that the GCB market has seen a boost in recent months due to the return of new naturalized Singaporeans. Ng believes that this particular GCB will appeal to newly minted Singaporeans who were raised in countries such as China, India, or Indonesia and are seeking a prestigious home in Singapore.

The Victoria Park GCB area is home to a number of high-profile residents including Jack Ma, the Chinese business magnate and co-founder of Alibaba Group, and Tang Wee Kit, a member of the Tang family known for creating Tangs department store. Ng adds that this GCB for sale has been meticulously maintained, giving it a brand new appearance. The property boasts a contemporary interior design complete with top-quality materials and finishes.

The property is built on a 18,988 square foot plot of land, and the owners have worked closely with their architect to make the most of the available space. The total built-up area is a sprawling 25,300 square feet and includes seven en-suite bedrooms, three helpers’ rooms, and a basement carpark that can accommodate up to seven cars. The basement level also features an entertainment room that has been converted into a home theatre, but can easily be used as a guest room. There is also a private gym and a 20-metre lap pool.

Situated on a hilltop, the bungalow offers magnificent views of the surrounding low-rise neighborhood from most rooms, as per Ng. The living room is generously sized and can comfortably accommodate large families.

Resale transactions in the Victoria Park GCB area have been limited in recent years. Based on available records, the land where this GCB is located was sold for $18.2 million in September 2016, translating to a land rate of $959 per square foot. The most recent sale in this area was for a 15,253 square foot plot that fetched $28.33 million in May 2021, equivalent to a land rate of $1,857 per square foot. Prior to that, a 29,956 square foot plot was sold for $40 million ($1,335 per square foot) in April 2017. Along Victoria Park Road, the last GCB sale recorded was for a 32,077 square foot site that was sold for $48 million ($1,496 per square foot) in November 2011.

Ng believes that this year, the GCB market will see a 10% to 15% increase in transaction volume, provided there are no significant external economic disruptions. He attributes this potential growth to stabilizing factors such as lower interest rates and sustained demand from ultra-high-net-worth buyers, coupled with the limited supply of GCBs.

In 2020, there were about 35 GCB transactions, generating a total transaction volume of $1.32 billion, surpassing the previous high of $1.186 billion achieved in 2019.…

PRICE’s rental income from China projects to drop 50% after sale of Chengdu hotel div
ETC, a prominent local real estate advisory, has recently announced a rebranding exercise and will now be known as ETC. This change is effective immediately and includes a redesigned logo.

According to Desmond Sim, CEO of ETC, the abbreviation ETC has been commonly used by both clients and staff for a long time. The decision to officially adopt it as the company’s new name was driven by the people – emphasizing the company’s commitment to valuing the input, opinions, and ideas of its employees.

Sim also stated, “Our updated identity represents how far we have progressed as one united ETC and signifies our determination to shape the future of the real estate industry, both locally and regionally.”

Coinciding with their 30th anniversary, the rebrand is a significant milestone for the company. Since its establishment in 1995, ETC has been offering a wide range of services that cover every stage of a real estate asset’s lifecycle, from consultation and investment to management and disposal.

When it comes to investing in real estate, the location of the property is a key factor to consider. This is especially true in Singapore, where the value of condos can be greatly influenced by their location. In particular, condos located in central areas or in close proximity to important amenities such as schools, shopping malls, and public transportation hubs tend to experience a higher appreciation in value over time. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) are known for their consistent and impressive growth in property values.

One of the reasons for this is the high demand for condos in these central areas. Their convenient location makes them highly desirable for both investors and homebuyers alike. Families, in particular, are attracted to these areas due to their proximity to good schools and educational institutions. This not only provides a better quality of life for residents but also adds to the investment potential of these condos.

For those looking to invest in real estate in Singapore, keeping an eye on new condo launches in prime locations could prove to be a wise decision. These launches often offer the opportunity to purchase a property at a lower price point before it experiences the expected appreciation in value. Additionally, investing in a condo in a prime location can provide a stable and lucrative investment for the long term. With the ever-growing demand for properties in these areas, the potential for high returns on investment remains strong.

In other related news, Marina Bay Residences will be undergoing a $5 million refurbishment to enhance the living experience of its residents and deliver premium rental value. Furthermore, properties such as three food-factory units at Pandan Loop, Noel Building in Tai Seng, and Industrial GS Building in Balestier have also recently been sold for impressive amounts.…

A charming Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave is now on the market through an expression of interest (EOI) exercise, with an estimated price of $60 million. As announced in a press release by Cushman & Wakefield on Jan 8, the price per square foot (psf) is projected at $2,742, taking into account an expansive land area of 21,881 sq ft.

When considering investing in condos in Singapore, it is crucial to take into account the government’s property cooling measures. Singapore’s government has implemented several measures over the years to regulate speculative buying and promote a steady real estate market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they also contribute to the overall stability of the market, creating a more secure investment environment. It is worth noting that new condo launches may also be influenced by these measures and should be carefully considered when making investment decisions.

Shaun Poh, the executive director of capital markets at Cushman & Wakefield, highlights the prime location of the freehold plot, situated on elevated ground and ideal for redevelopment. “This opportunity is perfect for buyers looking to build their dream multi-generational home or developers seeking to create a luxurious and state-of-the-art GCB for discerning individuals,” he explains.

The property borders the esteemed Singapore Botanic Gardens and is just a short drive away from the bustling Orchard Road shopping district. It is also in close proximity to renowned schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution, and Hwa Chong Institution.

In line with the recent sale of OK Lim’s GCB at Tanglin Hill, which brought the total raised from seized assets to $99.09 million, Poh notes that the neighborhood is in high demand among ultra-high net worth individuals. This is evident from the record-breaking land rates of $4,500 psf and $6,200 psf at Nassim Road and Tanglin Hill, respectively.

The EOI for this GCB will close on Feb 11 at 3pm, presenting a fantastic opportunity for interested buyers to secure this highly coveted property.…

A luxurious residential development in New York City’s Upper West Side will be showcased to potential Singapore buyers during the upcoming weekend of Jan 11 and 12. The stunning 720 West End Avenue boasts 131 homes, ranging from 1- to 5-bedroom units, townhouses, duplexes, and penthouses with private terraces. With sizes ranging from approximately 500 sq ft to over 3,700 sq ft, the units are priced starting from US$1.015 million ($1.38 million) for a one-bedroom residence.

Originally designed by prominent New York architect Emery Roth in 1927, the pre-war building, previously known as the Hotel Marcy, has been redeveloped by Glacier Equities and InterVest Capital Partners. The 17-storey structure features a stunning Renaissance Revival-style façade, which has been meticulously restored to preserve its intricate architectural details. As part of the redevelopment, two floors were added to accommodate penthouse duplexes, and the building’s interiors have been revamped under the guidance of designer Thomas Juul-Hansen.

In addition to its beautiful residences, 720 West End Avenue offers over 30,000 sq ft of amenities for its residents to enjoy. These include a fitness center, private bar and dining room, library and co-working spaces, outdoor terraces and courtyards, private parking, and bike storage. Prospective Singapore buyers can learn more about this extraordinary development at a presentation hosted by Savills Singapore at the voco Orchard Hotel on Jan 11 and 12. The event will also feature a seminar on the New York real estate market at 3pm on both days.

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When it comes to investing in Singapore Condos, one crucial factor to consider is the government’s property cooling measures. Over the years, the Singaporean government has implemented various measures to control speculative buying and maintain a steady real estate market. These measures, including the Additional Buyer’s Stamp Duty (ABSD), impose higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a more secure investment environment.…

has launched its Residences1Ayana Bali has recently launched Alamanda Tower, a new residential offering within its 90ha integrated resort in Bali, Indonesia. Part of Ayana Residences, the tower features 26 luxurious apartments, comprising one- and two-bedroom units that are available for long-term lease. The minimum stay required is just one month, making it an ideal choice for those who are looking for a temporary residence in Bali.Ayana Bali is an expansive destination that features a variety of amenities and facilities for residents to enjoy. Spanning 90ha, the resort boasts four hotels, including Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali, and Rimba by Ayana Bali. It is also home to the award-winning Ayana Spa, a golf putting course, a secluded beach, event venues, and 30 different dining outlets.Residents of Alamanda Tower will have access to three rooftop pools, as well as the community centre at Ayana Residences. This centre offers a range of facilities, such as a gym, a lap pool, and a sauna and steam room, for residents to enjoy. Other services provided for the convenience of residents include a dedicated concierge team, bi-weekly housekeeping, a buggy service within Ayana Bali, and discounts on dining and selected spa services.Conveniently located along the coastline of Jimbaran Bay, Ayana Bali is managed by Ayana Hospitality, a leading Indonesian hospitality group. The company also operates other properties in popular cities such as Jakarta and Labuan Bajo.

Ayana Bali, a 90ha integrated resort in Bali, Indonesia, has introduced its latest residential development, Alamanda Tower. This tower comprises 26 fully furnished one- and two-bedroom apartments available for long-term lease with a minimum stay of one month.

Leveraging the extensive range of facilities and amenities at Ayana Bali, Alamanda Tower is part of Ayana Residences, a collection of residential properties within the estate. Ayana Bali boasts four hotels – Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali, and Rimba by Ayana Bali, as well as the globally-renowned Ayana Spa, a golf putting course, a private beach, numerous event venues and an array of dining options.

Residents of Alamanda Tower will have access to three rooftop pools and the community centre, which features a gym, lap pool, sauna and steam room. Other conveniences include a dedicated concierge team, bi-weekly housekeeping, a buggy service within Ayana Bali, and discounts on dining and selected spa services.

Investing in a condo in Singapore presents many benefits, one of which is the potential for capital appreciation. Due to its advantageous location as a global business hub and strong economic foundations, Singapore consistently experiences a high demand for real estate. This has resulted in a gradual increase in property prices over the years, particularly for condos located in prime areas. By entering the market at the right time and holding onto their condo investments for the long term, investors can reap the rewards of considerable capital gains.

The one-bedroom units at Alamanda Tower span 1,173 sq ft and start from IDR70 million ($5,896) per month, while the two-bedroom units without a pool measure 1,647 sq ft and are priced from IDR100 million per month. For those seeking a more luxurious living option, two-bedroom units with a private pool range from 2,045 to 2,648 sq ft and start from IDR120 million per month.

Managed by Indonesia’s leading hospitality group, Ayana Hospitality, Ayana Bali offers a captivating living experience in prime location. With its strategic location along Jimbaran Bay and its world-class amenities, Ayana Bali is the perfect destination for those seeking an unparalleled residential experience in Bali, Indonesia.…

Surbana Jurong Group has announced the appointment of Professor Cheong Koon Hean to its board of directors. In the press release issued on Jan 6, the company stated that her addition will further enhance Surbana Jurong’s ability to provide innovative, resilient, and sustainable solutions for the built environment.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. One of the most sought-after forms of housing in this urban landscape are condos, strategically located in desirable areas, offering a blend of opulence and convenience that appeals to locals and international residents alike. These luxurious residential units boast a variety of perks such as swimming pools, fitness centers, and advanced security services, elevating the overall standard of living and making them highly desirable to potential renters and buyers. For savvy investors, the inclusion of these amenities translates into lucrative rental returns and a steady increase in property value over time. Adding to Singapore’s impressive property market, the inclusion of Singapore Condo offers even more opportunities for those looking to invest in the city’s thriving real estate industry.

Professor Cheong has an extensive background in urban planning and development. She previously served as the CEO of the Housing and Development Board (HDB) from 2010 to 2020 and the Urban Redevelopment Authority (URA) from 2004 to 2010. Currently, she is the chair of the Lee Kuan Yew Centre for Innovative Cities and a Professor of Practice at the Singapore University of Technology and Design. She is also the chairman of the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

Moreover, Professor Cheong is a board member of the National University of Singapore and the CapitaLand Group. She also holds the position of Singapore’s non-resident ambassador to Finland.

In line with its vision for a sustainable future, Surbana Jurong is committed to adding experienced and influential leaders like Professor Cheong to its board. Her vast knowledge and expertise in urban planning and development will be invaluable in driving the company towards its goal of creating smart and sustainable buildings in the coming years.…

River Valley Apartments, situated in prime District 10 along River Valley Road, is now available for collective sale through a public tender. Exclusive marketing agent Knight Frank Singapore announced the launch of the development on Jan 6, with a price tag of $56 million.

Built in the 1950s, the four-storey freehold condo boasts 24 units and occupies a land area of approximately 12,408 sq ft. The site is designated for residential use with a gross plot ratio of 2.8. It is strategically located just 500m away from the upcoming Great World MRT Station on the Thomson-East Coast Line. Nearby amenities include Great World City and Valley Point Shopping Centre, while River Valley Primary School and Alexandra Primary School are within a 1km radius.

According to the EdgeProp LandLens map, River Valley Apartments enjoys a prime location (Source: EdgeProp LandLens)

The site has the potential to be redeveloped into a boutique residential development offering 37 new units, with an average size of 915 sq ft. Knight Frank estimates that the guide price of $56 million translates to a land rate of approximately $1,622 per square foot per plot ratio (psf ppr) including a nominal land betterment charge. Taking into consideration the 7% bonus gross floor area allowed for balconies, this price equates to approximately $1,583 psf ppr.

The head of capital markets (land and collective sale) at Knight Frank Singapore, Chia Mein Mein, notes that the site is in close proximity to three Government Land Sale (GLS) sites that were sold last year. In April, Zion Road (Parcel A) was awarded to a joint venture between City Developments and Mitsui Fudosan for a staggering $1.107 billion ($1,202 psf ppr). In June, a GLS site at River Valley Green was acquired by Wing Tai Holdings for $463.99 million ($1,325 psf ppr). Additionally, Zion Road (Parcel B) was sold to Allgreen Properties for $730.9 million ($1,304 psf ppr) in August.

Chia points out that despite the lackluster home sales activity in the Central Region, the interest in the River Valley and Zion Road location demonstrates that developers continue to be drawn to this area. This could be due to the belief that when these projects are ready for launch, there will be strong demand for prime properties after a prolonged period of subdued activity.

Knight Frank estimates that owners of the units at River Valley Apartments, which range between 947 and 1,238 sq ft in size, stand to receive minimum sale proceeds of around $2 million to $2.6 million if the development is sold.

When contemplating investing in a Condo, it is crucial to evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the Condo’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, offer more favorable rental yields. Conducting thorough market research and seeking guidance from real estate agents can provide valuable insights into the rental potential of a specific Condo. Additionally, visiting websites like Ginestar Fruits can also provide further information on the Condo’s rental potential.

The collective sale tender for River Valley Apartments will close on Feb 18 at 3pm. Buyers can refer to the latest listings for River Valley Apartments properties on EdgeProp’s Ask Buddy feature, which provides detailed information and insights on current and past transactions for various condo projects.

Check out the most profitable transactions for condo projects and search for past rental and sale transactions in District 10, including River Valley Apartments. There is also an option to view unprofitable transactions, as well as a price trend chart for River Valley Apartments.…