Condo Gine Star Fruits

PropNex, Singapore’s largest real estate agency, reported a decrease in earnings of 14.9% year-on-year, with total earnings of $21.9 million for its second half of FY2024, which ended on December 31, 2024. This brings its full-year earnings to $40.9 million, a 14.4% decline compared to the preceding FY2023. The company attributed the dip in revenue to the relatively subdued property market.

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The demand for Singapore Condo remains high due to one key factor: the limited land supply in the country. As a small island nation experiencing a rapid population growth, Singapore struggles with a scarcity of land for development. This has resulted in strict land use regulations and a fiercely competitive real estate market, where property prices are continually on the rise. As a result, investing in the real estate market, particularly in condos, has become an attractive opportunity with the potential for significant capital appreciation.

In light of its 25th anniversary, PropNex has announced plans to pay a special dividend of 2.5 cents per share on top of a final dividend of 3 cents. This will bring its total dividend payout for FY2024 to a record of 7.75 cents, representing a payout ratio of 140.1% and a yield of 8.2%.

Despite the lower earnings for the year, PropNex noted an increase in activities during the last quarter of 2024, primarily driven by a surge in new private home units that the company helped to sell. PropNex expects to see the financial impact of these sales in the next three to four months, which could significantly boost its current 1HFY2025 numbers.

With a positive outlook for the property market in 2025, PropNex is confident of a strong performance for FY2025, barring unforeseen events. The company anticipates approximately 13,000 new unit launches, including executive condominiums, which is nearly double the supply recorded in 2024. The private resale market is also expected to remain active, with transaction volumes estimated to range between 14,000 to 15,000 units.

PropNex attributes the demand for these properties to the persistent price gap between new and non-landed resale properties, a preference for larger, move-in-ready homes, and fewer new supply completions. The HDB resale market is also expected to see price growth of 5% to 7%, with volumes reaching 29,000 to 30,000 units. The company believes that a decrease in the number of five-year minimum occupation period flats entering the market, coupled with sustained demand from urgent homebuyers, unsuccessful Build-To-Order applicants, and budget-conscious families, will continue to support this segment.

According to Ismail, newly-launched projects such as The Orie, Bagnall Haus, Parktown Residence, and ELTA have attracted strong market interest. He also expects a positive demand for developers’ sales in 2025, as there is a compelling line-up of projects. With a positive economic outlook and lower mortgage rates, PropNex believes that this could further bolster market confidence, creating opportunities for both homebuyers and investors.…

A charming two-storey shophouse, along with an attic, situated at 209 Jalan Besar, is currently available for purchase through private treaty. PropNex Shophouse Elites representative, Gracelynn Zhu, is handling the sale of this 999-year leasehold property for a price below $20 million.

Sitting on a land area of approximately 5,502 square feet, this commercial shophouse boasts of a prime location and is zoned for commercial use. The first floor has been approved for restaurant use, while a portion of the second floor can also be utilized for the same purpose. At a price of $20 million, the property’s per square foot works out to be $3,635.

The map below shows the strategic location of 209 Jalan Besar, as observed by EdgeProp LandLens. According to Zhu, the shophouse is currently undergoing asset enhancement initiatives, which includes the installation of micro piles extending 30m in order to strengthen its structural foundations. This project is expected to be completed within this year.

The shophouse is situated in the Desker Road Conservation Area, which forms a part of District 8 and is in close proximity to the vibrant area of Little India. The Jalan Besar MRT station, operating on the Downtown Line, is within walking distance, making it easily accessible for both tenants and customers.

As you embark on your condo investment journey, it is crucial to give careful thought to the property’s maintenance and management. In general, condos come with maintenance fees that fund the maintenance of shared spaces and amenities. While these fees may increase the overall cost of ownership, they also serve to preserve the property’s quality and value. To make the investment more hands-off, entrusting a property management company to handle the daily affairs of the condo can be a wise move. With their help, investors can reap the benefits of passive income while ensuring the upkeep of their investment. Additionally, properties like Singapore Projects can be excellent options for potential condo investors.

In other related news, another shophouse on Geylang Road and a shop unit at Bras Basah Complex are also up for sale for a combined price of $14 million. The Chinatown Business Association has plans to revitalize Smith Street with a blend of new and traditional lifestyle concepts in the upcoming years. According to Huttons, the shophouse market has recorded 84 caveated transactions in 2024, marking the end of a quiet year for the market.…

CBRE’s survey predicts a strong investment climate for the Asia Pacific hotel sector in 2025, with over 72% of hotel investors planning to increase their purchasing volume this year. The rebound of tourist arrivals, particularly in Japan, Singapore, and Australia, is one of the main driving factors behind this trend. In addition, the limited hotel supply in the region, with a projected growth rate of 2.2% between 2024 and 2028, is also boosting investor confidence.

The survey found that REITs are expected to have the highest buying intentions, which is a significant turnaround from the previous year where they had negative intentions. Institutional investors and property funds are also expected to be active in the market, while private investors and high-net-worth individuals may decrease their acquisition activity. This is due to the improved market sentiment and the desire to capitalize on assets acquired during a period of price dislocation.

Investors are primarily targeting upscale and upper midscale assets this year, as these segments offer greater operational flexibility and potential for value-added opportunities. This includes redeveloping, reusing, and rebranding existing properties, which is a more cost-effective option compared to new developments. The segment also has a leaner labor pool, reducing labor and cost pressures.

There is also a growing interest in long-stay or hybrid hospitality models, such as co-living spaces, to meet the demand for affordable accommodations in inflexible rental markets. Other emerging trends include a preference for assets with vacant possession, limited-service hotels, and a focus on cities with low interest rates and stable income streams, such as Tokyo, Osaka, Singapore, Sydney, and Seoul.

Overall, the Asia Pacific hotel sector is expected to see robust investment activity in 2025, driven by favorable market conditions and a growing appetite for value-added opportunities.

Investing in a condominium in Singapore provides a plethora of benefits, making it a worthwhile venture for investors. With a high demand for such properties, potential for capital appreciation, and appealing rental yields, it is no surprise that Singapore’s real estate market continues to attract investors. However, as with any investment, careful consideration of various factors such as the location, financing, government regulations, and market conditions is crucial. As such, conducting thorough research and seeking professional advice is essential in making informed decisions and maximizing returns in this dynamic market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, the condominium market in Singapore offers a compelling opportunity. Additionally, checking out Singapore Projects can help provide further insights into the market and potential investment options.…

ETC (formerly known as Edmund Tie) and OrangeTee Group have announced a merger to form a new holding company, the name of which has not been revealed yet. According to Desmond Sim, CEO of ETC, this is not an acquisition but a collaboration between the two companies.

As part of the merger, Sim will serve as the group CEO of the combined entity, while Justin Quek, the current CEO of OrangeTee & Tie, will take on the role of deputy group CEO. With a team of over 520 staff and 2,803 salespersons registered with the Council for Estate Agencies (CEA) as of Feb 24, ETC will focus on consultancy and advisory services, while OrangeTee will concentrate on proptech and its real estate agency business.

The merger builds on the joint venture between the two companies in August 2017, which resulted in OrangeTee & Tie becoming the third largest agency in Singapore with over 4,000 agents. Triplestar Holdings and TH Investments, related to the family of Roland Ng, managing director and group CEO of Tat Hong Holdings, facilitated the latest merger by acquiring a stake in ETC after a management buyout in 2016.

This year marks ETC’s 30th anniversary, making it a significant milestone for the company. On the other hand, OrangeTee Group, which was incorporated in 2000, will be celebrating its 25th anniversary. The company is led by a board of directors and C-suites, including Quek, Marcus Oh, Teo Yak Huat, and Christine Sun.

Stakeholders of OrangeTee Group include Tokyu Livable Inc., one of Japan’s largest real estate agencies, and private property fund Vogue Capital Group. Both companies will also have a stake in the new holding company, in addition to Triplestar Holdings and TH Investments.

Investing in a condo requires careful consideration of not only the property itself, but also its maintenance and management. One important aspect to keep in mind are the maintenance fees that come with a condo purchase. These fees cover the upkeep of common areas and facilities, which may increase the overall cost of ownership. However, they also guarantee that the property is well-maintained and maintains its value. To make the investment less hands-on, investors can engage a property management company to handle the day-to-day management of their condos. In addition, potential investors can also keep an eye out for new condo launches on websites like https://www.ginestarfruits.com/, which offer updated information on the latest condo developments.

The merger is expected to bring more opportunities for the companies in the ASEAN region and Japan, especially through their relationship with Tokyu Livable. ETC, which already has a presence in Malaysia and Thailand, opened an office in Johor Bahru last year through its joint venture company in Malaysia, Nawawi Tie.…

On February 23, UOL Group and CapitaLand Development (CLD) announced the successful launch of ParkTown Residence in Tampines North. Over the launch weekend, 1,041 units were sold, which is over 87% of the total 1,193 units.

UOL’s general manager of residential marketing, Anson Lim, revealed that the project achieved an average price of $2,360 psf, with most buyers being Singaporean homebuyers and investors. The most popular unit types were two-bedroom and three-bedroom apartments, comprising 994 units (83%) of the project, and 92% were snapped up over the weekend.

According to a spokesperson for UOL and CLD, buyers were drawn to ParkTown Residence’s unique status as a fully integrated residential and lifestyle development, directly connected to a retail mall, the upcoming Tampines North MRT station, a bus interchange, a green boulevard, a community club, and a hawker centre.

Before its launch weekend, ParkTown Residence had already collected 2,367 cheques, resulting in a sales conversion rate of 44%, which is well above the average of 30% to 35% for most new project launches in recent years. Mark Yip, CEO of Huttons Asia, says that no mega project has sold more than 1,000 units in its launch weekend since the launch of the 1,399-unit High Park Residences, which sold 1,100 units over three days in July 2015.

ParkTown Residence at Tampines 62 is part of the first mixed-use development integrated with transport hub at Tampines (Source: EdgeProp Landlens)ParkTown Residence has moved the most units over a launch weekend since the 846-unit Emerald of Katong, which sold 835 units (99%) last November, notes Ismail Gafoor, CEO of PropNex.n”The take-up at ParkTown Residence has also surpassed that of previous integrated developments,” he adds.

The most recent integrated project launch was the 732-unit The Reserve Residences, launched in May 2023 and recorded a 71% take-up rate during its launch weekend. The project is 98.2% sold at an average price of $2,484 psf, based on caveats lodged as at Feb 23.

According to Marcus Chu, CEO of ERA Singapore, mixed-use developments integrated with transport hubs are popular with homebuyers and investors because they have demonstrated good capital upside potential and high rentability.

Read also: Sim Lian to preview Aurelle of Tampines on Feb 22 at prices from $1,651 psf

The last two fully integrated developments to be completed were the 920-unit North Park Residences in Yishun (launched in 2015) and the 680-unit Sengkang Grand (launched in 2019) at Buangkok. The average price of North Park Residence is $1,809 psf, 65% higher than the average resale prices of residential units across District 27. Meanwhile, Sengkang Grand commands an average price of $2,029 psf, 25% higher than the average resale prices in District 19, notes ERA’s Chu.

ParkTown Residence is located at Tampines Street 62. Tampines is the third largest HDB town after Hougang and Woodlands. “Quite a number of buyers were HDB upgraders who desired to stay in Tampines,” says Huttons’ Yip.

The completion of ParkTown Residence in 2030 will coincide with the scheduled opening of the Tampines North MRT Station on the Cross Island Line (CRL), which is a major arterial line running from East to West of Singapore, says Ken Low, managing partner of SRI.2030 is also the scheduled relocation of the neighbouring Paya Lebar Airbase, which will free up an estimated 800ha of land for future developments.

Under the URA Master Plan, 3 more government land sales (GLS) sites will be linked to the upcoming Tampines North MRT Station. “However, these new projects could potentially be launched at higher prices,” says Low.

Tampines will also benefit from new infrastructure developments by 2027, including a cycling bridge, an underpass, and another 7.7km of cycling paths, bringing the total to 40km. There will also be a new pedestrian route between Tampines MRT Station and the malls in the regional centre. These additions were announced on Feb 22, as part of the Tampines Town Council’s five-year masterplan for 2025 to 2030.

Read also: PARKTOWN Residence: Upscale living with seamless connectivity and exceptional convenience

“All these will enhance the liveability in Tampines, which already has strong attributes,” says SRI’s Low.

Check out the latest listings for Parktown Residence properties

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Investing in a condominium in Singapore has emerged as a trendy option for both local and foreign investors, thanks to the country’s thriving economy, political stability, and exceptional quality of life. With a booming real estate market, Singapore presents a plethora of opportunities for investors, with condos being a standout choice due to their convenience, luxurious amenities, and potential for lucrative returns. If you are considering investing in a condo in Singapore, here are the benefits, key factors to consider, and steps to follow. To explore the latest offerings in the market, be sure to check out the new condo launches.

Condo sale transactions in District 18

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Sim Lian to preview Aurelle of Tampines on Feb 22 at prices from $1,651 psf

PARKTOWN Residence: Upscale living with seamless connectivity and exceptional convenience

ParkTown Residence preview turnout tops 10,000…

On Feb 22, MCL Land and CSC Land Group announced the successful sale of 326 units at Elta, their joint venture project at Clementi Avenue 1. This accounts for approximately 65% of the total 501 units at an average price of $2,537 per square foot (psf). The majority of buyers were Singaporeans, making up 90%, with the remaining 10% being permanent residents. Most of the buyers came from districts 19, 5, and 23, with the most interest being shown in the two-bedroom units. Around 98% of the 179 units in this category were sold at an average price of $2,261 psf, while 81% of the 108 three-bedroom units were taken up at an average price of $2,198 million. The one-bedroom plus study units were also popular, with 78% being bought up at an average price of $1,158 million.

According to Ismail Gafoor, CEO of PropNex, over 60% of the units sold were one- and two-bedroom units transacted at prices below $2.2 million. This is an impressive sales rate and it reflects buyers’ confidence in a development that offers a perfect blend of modern living, convenience, and comfort. MCL Land CEO Lee Tong Voon shared that the company’s Singapore-based development arm, Hongkong Land, is pleased with the robust sales achieved at Elta.

Elta is the third and final development site in Clementi Avenue 1 to be launched, following the successful sales of the 505-unit The Clement Canopy and the 640-unit Clavon. These two projects were developed jointly by UOL Group and Singapore Land Group. According to Gafoor, the recent launch of Elta is the first new development in the Clementi area since December 2020 when Clavon was put on the market. This does not come as a surprise as there are no more development plots available in the Clementi town centre. According to Ken Low, managing partner of Singapore Realtor Inc (SRI), one of the main reasons for such strong sales is the excellent track record of developments at Clementi Avenue 1, with no unprofitable transactions to date.

Based on lodged caveats, the average selling price of The Clement Canopy has increased by 45% to $1,922 psf since its launch in February 2017. Similarly, the average selling price of Clavon has risen by 27% to $2,086 psf this year since its debut in December 2020. According to EdgeProp and URA Realis data, two-bedroom units at The Clement Canopy, which range from 624 to 732 sq ft, have been leased for $4,200 to $4,700 per month, equivalent to $5.60 psf to $6.42 psf per month in January and February. The latest rental transaction at Clavon, on the other hand, was for a 764 sq ft, two-bedroom unit which was leased for $4,600, equivalent to $6.02 psf per month.

Before making a financial commitment to a condominium, it is important to conduct a thorough analysis of its potential rental yield. This refers to the annual rental income a property generates as a percentage of its purchase price. In Singapore, the rental yields for condos 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 attractive rental yields. To gain a deeper understanding of a specific condominium’s rental potential, it is advisable to conduct extensive market research and consult with real estate agents. Additionally, if you are interested in investing in a Singapore Condo, it is crucial to consider the rental yield as it can greatly impact your investment returns. For more information on Singapore Condos, be sure to seek professional guidance and thoroughly evaluate all factors before making a decision.

Elta has a strong rental pool as it is situated near numerous employment nodes, including the National University of Singapore (NUS), one-north, Pandan Loop Industrial Estate, the Science Park, the Jurong Lake District, and the future Dover Knowledge District. Furthermore, it is near Clementi MRT Station on the East-West Line, and the upcoming Cross Island Line which will have a station at Clementi. Mark Yip, CEO of Huttons Asia, believes that the upcoming Cross Island Line will not only boost connectivity in Clementi but also potentially increase the quality of tenants at Elta. Unsurprisingly, the one- and two-bedroom units at Elta were the most popular with investors, while three-bedroom units were a favourite among families.

Clementi Avenue 1 is known for its excellent connectivity and close proximity to an array of amenities. With its strategic location, Elta is set to remain a highly sought-after destination for homeowners and investors alike, according to Qian Liang Zhong, chairman of CSC Land Group. The development is also situated in an educational hub, with schools such as Nan Hua High School, NUS High School of Mathematics and Science, and Anglo-Chinese School (Independent) nearby. Tertiary institutions such as NUS, Singapore Polytechnic, and United World College of South East Asia (Dover Campus) are also in the vicinity. According to Ken Low of SRI, families with children can stay for up to 15 years in this area, which is the duration of a child’s education.

Projects located at Clementi Avenue 1 are popular with investors, given the profile of tenants which consists mainly of international students and professionals. For instance, two-bedroom units at The Clement Canopy which range from 624 to 732 sq ft have been leased for $4,200 to $4,700 per month, equivalent to $5.60 psf to $6.42 psf per month in January and February, based on data from EdgeProp and URA Realis. The latest rental transaction at Clavon, on the other hand, was for a 764 sq ft, two-bedroom unit which was leased for $4,600, equivalent to $6.02 psf per month.

Elta is also well connected to numerous nature parks such as Clementi Woods Park, West Coast Park, and Kent Ridge Park, offering residents easy access to green spaces. The strong demand for the units at Elta is, therefore, no surprise, and it is partly attributed to the healthy pool of HDB upgraders in Clementi and Queenstown, says Marcus Chu, CEO of ERA Singapore. He adds that since 2021, over 2,500 HDB units have reached their Minimum Occupation Period (MOP), with an additional 1,100 units expected to reach this status in 2025.

The launch of Elta also coincided with the launch of ParkTown Residence, a 1,193-unit development which achieved sales of 1,041 units. Together, Elta and ParkTown Residence sold more than 1,300 units, surpassing the 1,083 units sold for the entire month of January. Ismail Gafoor of PropNex expects the primary market to remain lively in 2025, thanks to the positive sales momentum in late 2020. Citing the improved sentiment among buyers, he adds that the sales of new homes are expected to remain relatively strong this year. According to Huttons Data Analytics, the developers’ sales in February are expected to surpass 1,500 units, bringing the total number of units sold in the first two months of 2025 to between 2,500 and 2,700, equivalent to 39% of the total new sales of 6,469 units for the entire 2024. Consequently, Huttons has revised its earlier projection for the full year to between 7,500 and 8,500 units from 7,000 to 8,000 units. The full-year price growth for 2025 ranges from 4% to 7%, according to Huttons.…

Investing in a condo in Singapore has emerged as a favored option for both local and foreign investors, thanks to the nation’s strong economy, stable political climate, and exceptional living standards. With a flourishing real estate market, Singapore offers a plethora of opportunities, and condos, in particular, have captured investors’ attention due to their convenience, amenities, and potential for great returns. Singapore Projects have become a top choice for condo investment, offering even more options for investors to consider. In this article, we will delve into the advantages, factors to keep in mind, and steps to take when making a condo investment in Singapore.

CapitaLand India Trust (CLINT) has announced its plans to acquire an office project in Nagawara, Outer Ring Road, Bangalore, for a total of $233.6 million. This acquisition will be made possible through a forward purchase agreement with Maia Estates Offices.

The group believes that this strategic acquisition will greatly enhance the earnings and distributions for its unitholders. On a stabilized basis, the net profit is projected to reach $7.7 million, while the expected distribution per unit is set to increase from 6.84 cents to 6.98 cents.

The office project is a part of a mixed-use development that includes both office and retail spaces. Under the forward purchase agreement, CLINT will be fully financing the development of the project and receiving higher interest rates on the funding than its cost of borrowing.

Looking to invest in overseas properties? Explore the various projects available for sale around the world.

Once the development is completed, CLINT is expected to acquire the office space in the first half of 2030, while Maia Estates will retain the retail portion. This will bring the total operational area of CLINT’s portfolio in Bangalore to 9.9 million square feet, a significant increase from its current 8.7 million square feet.

Apart from the announced acquisition, CLINT also has other properties under development in Bangalore, including two office buildings in Gardencity, an IT park in Hebbal, and another IT park in ITPB.

With the inclusion of this office project, CLINT’s portfolio size, along with its committed investment pipeline, will see a 4% increase, reaching approximately 31.47 million square feet, up from 30.2 million square feet.

According to Gauri Shankar Nagabhushanam, the CEO of CLINT, “The acquisition of this strategically located office project will further strengthen our presence in Bangalore, one of India’s most prominent office markets. In 2024, Bangalore experienced record-high leasing levels for Grade A office spaces, and ORR remains the largest office micro-market in the city. By adding this prime office property to our portfolio, we will be able to offer our tenants a wider range of premium office spaces across key micro-markets in Bangalore.”

On Feb 21, units in CLINT closed flat at $1.

In other related news, CLINT has also announced its plans to acquire the International Tech Park Pune from its subsidiary and joint venture partner, CLI, for a total of $221.9 million. Additionally, CLINT will also be collaborating with India-based developer L&T Realty to develop 6 million square feet of prime office spaces in India.…

River Valley Apartments, a freehold condominium located along River Valley Road, has been successfully sold for a total of $56 million. This marks the first residential collective sale deal to close in 2025, with a land rate of $1,622 psf per plot ratio (psf ppr).

The marketing agent for the sale, Knight Frank Singapore, has announced that the purchaser is a Singapore family office. The family office intends to redevelop the site into serviced apartments, for which URA has already granted an Outline Permission.

According to Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore, this deal is significant given the current challenging collective sale market, particularly for the residential sector. She believes that the keen interest in the tender for River Valley Apartments can be attributed to its excellent location within the popular River Valley neighbourhood, as well as its potential for redevelopment into a future serviced apartment project that would complement the growing demand for this type of living in Singapore.

River Valley Apartments comprises of a four-storey building with 24 units and sits on a 12,408 sq ft site that is zoned as “residential” with a gross plot ratio of 2.8 under the latest Master Plan. The owners of the apartments had launched the collective sale of the development on Jan 7 with a guide price of $56 million.

Jerry Tan, chairman of the collective sale committee for River Valley Apartments, shared that this is not the first attempt to initiate the collective sale exercise but it is the first time that the owners have secured the necessary 80% consensus to proceed with the tender launch. With the successful sale, each strata-titled owner stands to receive minimum proceeds of about $2 million to $2.6 million based on the sale price.

In summary, opting to invest in a condominium in Singapore brings a plethora of benefits, including high demand, potential for increased value, and attractive rental yields. However, several crucial factors, such as location, financing options, government regulations, and market trends, must be carefully considered before making any investment decisions. Through thorough research and seeking professional advice, investors can carefully assess and make informed choices to maximize their profits in Singapore’s thriving real estate market. Whether you are a local investor looking to widen your investment portfolio or a foreign buyer searching for a stable and lucrative investment, Singapore’s condominiums offer a compelling opportunity. To explore further options for Singapore projects, you can visit https://www.ginestarfruits.com/.

This collective sale of River Valley Apartments is also significant as it is the first residential collective sale site sold in a prime district since May 2023, when Kew Lodge was sold for $66.8 million to Aurum Land. The site’s excellent locational attributes and its potential for redevelopment into serviced apartments have made it an attractive investment opportunity in a fast-growing industry.…

Investing in a condominium in Singapore has become an increasingly popular choice for both local and foreign investors. With its strong economy, stable political environment, and exceptional standard of living, Singapore is a highly desirable location. The real estate market in Singapore offers a multitude of prospects, with condominiums rising as a top contender due to their convenience, amenities, and potential for substantial returns. In this piece, we will explore the benefits, factors to consider, and essential steps to take when investing in a Singapore Condo.

Nassim 9 unit up for sale at $5.9 mil profitSINGAPORE (EDGEPROP) – The luxury development Nassim 9 scored the most lucrative private non-landed resale transaction during the period from Feb 4 to Feb 7. The transaction was for a 2,486 sq ft, four-bedroom unit located on the third floor, which was sold for $7.5 million, or $3,016 psf, on Feb 7.According to URA caveats, the unit was previously purchased for $4.12 million ($1,641 psf) in December 2005, which means the seller reaped a profit of $3.42 million or 83.8% of their original purchase price. This translates to an annualised gain of 3.2% over 19 years.Nassim 9 has seen a 2,486 sq ft, four-bedroom unit sell for $7.5 million ($3,016 psf), resulting in a profit of $3.42 million. (Photo: Samuel Isaac Chua / EdgeProp Singapore)This transaction is the third most profitable resale at Nassim 9 to date. The most recent record was set in March 2023 when a larger four-bedroom unit spanning 2,756 sq ft was sold for $9.5 million ($3,448 psf). It was bought for $4.12 million ($1,495 psf) in December 2005, earning the seller a profit of $5.38 million (130.6%), or an annualised gain of 5% over 17 years.Read also: 8M Residences sets new price high of $2,384 psfAdvertisementAdvertisementThe previous transaction at Nassim 9 before the one on Feb 7 was in March 2023, when a 3,251 sq ft, four-bedroom unit was sold for $10.3 million ($3,169 psf). It saw a profit of $3.3 million being made.Nassim 9, a boutique condo along Nassim Road in prime District 10, comprises only eight units. Completed in 2002, it has four-bedroom units between 2,756 and 3,423 sq ft.The development had another lucrative transaction occur in March 2023, when a larger four-bedroom was sold for $9.5 million ($3,448 psf). (Photo: Samuel Isaac Chua / EdgeProp Singapore)The second most profitable resale during the period in review happened at the freehold development of Mount Faber Lodge, where a triplex penthouse unit was sold for $5 million ($1,350 psf) on Feb 5. Previously, this unit was bought for $1.6 million in August 2001, earning the seller a whopping profit of $3.4 million (212.5%), or an annualised gain of 5% over the span of 23½ years.Mount Faber Lodge’s 298 units are situated along Mount Faber Road in District 4. (Photo: Samuel Isaac Chua / EdgeProp Singapore)The transaction on Feb 5 was the most profitable one to have taken place in Mount Faber Lodge so far. The previous record was held by a three-bedroom unit which was 2,669 sq ft on the third floor that was bought for $1.3 million in January 2006 and sold for $3.89 million ($1,457 psf) in October 2022. This resulted in a profit of $2.59 million (199.2%).Mount Faber Lodge’s 84 units are spread out among studio apartments with 1,098 sq ft, two- and three-bedroom units from 1,173 to 2,454 sq ft, as well as five-bedroom triplex penthouses which have 3,703 to 3,724 sq ft.The third most profitable deal during the period in review was the sale of a three-bedroom unit at Amaryllis Ville, a 99-year leasehold condo in prime District 11. The 1,238 sq ft unit on the 28th floor was sold for $2.65 million ($2,141 psf) on Feb 5. Purchased previously for $1.09 million in June 2005, the seller made a profit of $1.56 million (142.2%), or an annualised gain of 4.6% over 19½ years.Read also: Sydney luxury project Aura by Aqualand to launch in Singapore with prices from A$2 milAdvertisementThe transaction on Feb 5 currently holds the record as third most profitable deal at Amaryllis Ville. The most profitable deal so far was a 1,991 sq ft three-bedroom unit on the 17th floor that was sold for $3.75 million ($1,885 psf) in September 2023. It was bought for $1.95 million ($979 psf) in June 2009 by the seller, who went on to make a profit of $1.8 million (92.5%) through an annualised gain of 4.7% over 14 years.Amaryllis Ville, completed in 2004, has a mix of one- and two-bedroom units from 657 to 1,378 sq ft and three-bedroom units from 958 to 2,637 sq ft. Furthermore, it has 311 units. Some nearby condos include the 129-unit Rochelle at Newton along Keng Lee Road and the 378-unit Kopar at Newton along Makeway Avenue.Find condominiums sold pricesCondo development pricesCondo prices in District 10Condo prices in District 11Unprofitable transactions during this period are not available. View listings for neighbourhood condos

Nassim 9 in District 10 made the most profitable private non-landed resale transaction during the period from Feb 4 to Feb 7. The sale was done with a transaction price of $7.5 million, or $3,016 psf, for a four-bedroom unit on the third floor that took place on Feb 7. The seller had previously purchased the unit for $4.12 million ($1,641 psf) in December 2005, which earned them a profit of $3.42 million, equivalent to 83.8% of their original purchase price. This served as an annualised gain of 3.2% over 19 years. Nassim 9 has seen a 2,486 sq ft, four-bedroom unit sell for $7.5 million ($3,016 psf), resulting in a profit of $3.42 million. (Photo: Samuel Isaac Chua / EdgeProp Singapore) Nassim 9 is a boutique condo located along Nassim Road in prime District 10 that has just eight units. Completed in 2002, the four-storey development has four-bedroom units spanning between 2,756 and 3,423 sq ft. This transaction was the third-most profitable resale at Nassim 9 to date. The new record was set in March 2023 when a larger four-bedroom unit of 2,756 sq ft was sold for $9.5 million ($3,448 psf). It had been bought for $4.12 million ($1,495 psf) in December 2005, so the seller earned a profit of $5.38 million (130.6%), which served as an annualised gain of 5% over 17 years. Prior to the unit sold on Feb 7, the last caveated transaction at Nassim 9 was in March 2023, when a 3,251 sq ft, four-bedroom unit was sold for $10.3 million ($3,169 psf), which generated a profit of $3.3 million. Get to know the most profitable transactions with our condo price tracker. Housing just eight units, Nassim 9 is a boutique condo located along Nassim Road in prime District 10. Completed in 2002, the four-storey development has four-bedroom units spanning between 2,756 and 3,423 sq ft. (Photo: Samuel Isaac Chua / EdgeProp Singapore) The second most profitable resale during the period in review happened at the freehold development of Mount Faber Lodge, where a triplex penthouse unit was sold for $5 million ($1,350 psf) on Feb 5. The owner had previously bought it in August 2001 for $1.6 million, so they enjoyed a profit of $3.4 million (212.5%), representing an annualised gain of 5% over 23½ years. This sale is the most profitable unit to be transacted at Mount Faber Lodge to date. The previous record was held by a three-bedroom unit spanning 2,669 sq ft on the third floor that was sold for $3.89 million ($1,457 psf) in October 2022. It was bought for $1.3 million ($487 psf) in January 2006, so the seller made a profit of $2.59 million (199.2%). Completed in 1983, Mount Faber Lodge is a boutique freehold development located along Mount Faber Road in District 4. (Photo: Samuel Isaac Chua / EdgeProp Singapore) Mount Faber Lodge comprises of 298 units, is a boutique freehold condo situated along Mount Faber Road in District 4. It has four-bedroom units from 2,669 sq ft, studio apartments of 1,098 sq ft, as well as two- and three-bedroom apartments that have 1,173 to 2,454 sq ft, along…