In summary, the decision to invest in a condo in Singapore can bring about many benefits. These include a strong demand for properties, the potential for significant appreciation of capital, and impressive rental yields. However, it is crucial to carefully consider various factors such as location, financing options, government regulations, and current market conditions. By conducting thorough research and seeking expert guidance, investors can make well-informed choices and maximize their profits in the dynamic real estate industry of Singapore. For both local investors wanting to diversify their portfolios and foreign buyers seeking secure and profitable investments, the condo market in Singapore offers a highly attractive opportunity. To explore more investment opportunities, check out Singapore Projects.
Botanic Gardens GCB on land area 10,051 sq ft sold for S$23.25 milSingapore condo resale prices inch up in FebruaryRents for private non-landed homes up in Feb: Srx flash dataCBRE Singapore announces new chairman and CEO; to push ahead with gender diversityCautionary tale of Hong Kong: Is home ownership in a land-scarce city still a dream?Invaluable lessons from Covid-19 pandemic as we design homes for future generationsLuxury homes in Syed Alwi Road and Bukit Timah up for saleThe Esta, a freehold development located along Amber Gardens, achieved a new price peak of $2,377 psf when a two-bedroom unit changed hands for $2.38 million on Feb 26. The previous record was set by a three-bedroom unit in January last year. Over the past three years, the average resale price of condo units at The Esta has increased steadily, from $2,012 psf in 2022 to $2,248 psf in 2021. The project has a total of 400 units, with a range of two- to four-bedroom apartments and penthouses. Conveniently located within walking distance of Tanjong Katong MRT Station and near shopping centres, The Esta offers residents a comfortable and luxurious living experience. It is not surprising that the development has been experiencing a steady rise in average resale prices. The recent transaction, where a 1,001 sq ft unit sold for $2.38 million, reflects an 11.7% increase in average resale prices since 2022.However, The Esta is not the only development that has been experiencing a rise in psf-prices. D’Leedon, a 99-year leasehold condo located along Leedon Heights in District 10, has also set a new price record of $2,287 psf when a three-bedroom unit on the 29th floor sold for $3.25 million on Feb 25. The previous record was set by a four-bedroom unit in October last year. The development has a total of 1,703 units, ranging from one- to four-bedrooms and penthouses, offering a range of living options for potential buyers. With its convenient location, in close proximity to Farrer Road MRT Station and lifestyle hubs, D’Leedon has been attracting buyers, resulting in a steady increase in average resale prices over the past three years.Also joining the list of developments with new psf-price highs is Citylights, a 600-unit, 99-year leasehold condo located along Jellicoe Road in District 8. A two-bedroom unit on the 26th floor was sold for $1.98 million, setting a new record of $2,216 psf on Feb 27. The previous record was set by a two-bedroom unit in December last year. With its prime location near Lavender MRT Station, Citylights has been a popular choice for buyers, resulting in a steady increase in prices over the past few years.Looking at the top three developments that achieved new psf-price highs in the past week, it is evident that location is a key factor in driving prices up. These developments are all conveniently located near MRT stations and lifestyle hubs, making them highly desirable for potential buyers. With the demand for such properties expected to remain high, we can expect to see more new price records being set in the near future.