Condo Gine Star Fruits

Casa Fidelio, a freehold landed development located on Fidelio Street in District 15, will be launched for collective sale by tender on March 20. The site, which is marketed by PropNex Realty, has a reserve price of $24 million or a land rate of $1,388 psf. This marks the first attempt at an en bloc sale by the owners of Casa Fidelio.

The development comprises of seven strata-titled cluster terraces completed in 1990, occupying a land area of approximately 17,293 sq ft that is zoned for residential use. The land is designated for two-storey mixed-landed housing.

Casa Fidelio is situated within a landed housing enclave and is within a short drive away from a variety of amenities including East Coast Park, dining and lifestyle options in the Katong and Joo Chiat precincts, as well as shopping malls such as Siglap Village, Siglap Centre, and Bedok Mall. More amenities are expected to be available with the upcoming completion of Kembangan Wave, an integrated public housing project next to Kembangan MRT Station that will include a community club with an eating house, supermarket, and outpatient healthcare facility.

As an investor looking to purchase property in Singapore, it is crucial to familiarize oneself with the various regulations and restrictions that govern property ownership in the country. Unlike landed properties, which have stringent ownership rules, foreigners are generally allowed to purchase condominiums with less restrictions. However, it is important to note that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their first property purchase. Despite this added cost, the stability and potential growth of the Singapore real estate market continues to appeal to foreign investors, making Singapore condos a sought-after investment option.

Schools within the vicinity of Casa Fidelio include Opera Estate Primary School, St Stephen’s School, and Victoria School. According to PropNex, the site has the potential to be redeveloped in different configurations, including luxury cluster houses, landed terraces, or a standalone property. Laurence Wong, PropNex’s head of collective sales, notes that the site’s regular shape and ample size provide developers with the flexibility to design a project that maximizes both functionality and aesthetic appeal. It is well-positioned for transformation into a modern residential development that caters to the demand for landed homes in the East Coast area.

Recent caveats show that the last unit at Casa Fidelio was transacted in September 2021, where a house with a land area of 1,894 sq ft was sold for $2.27 million or $1,198 psf. PropNex also highlights that in 2024, only two freehold landed homes on Fidelio Street were transacted, a terrace house with a land area of 3,423 sq ft that sold for $9 million or $2,629 psf, and a semi-detached house on 2,035 sq ft of land that fetched $5.38 million or $2,643 psf. The agency also notes that a newly-built corner terrace on Jalan Bangsawan, which is less than 400m away from Casa Fidelio, was transacted at $3,541 psf in December 2024.

The tender for Casa Fidelio will close on April 22 at 3pm. Interested parties may check out the latest listings for Casa Fidelio properties or consult Ask Buddy for more information on the most unprofitable landed transactions in the past year, condo projects with the most unprofitable transactions in District 15, rental yield of Casa Fidelio, and any rental listings in the area.…

BATender for private housing GLS site in Bayshore precinct draws 8 bids

Singapore has become a prime destination for investors looking to purchase a condo, whether they are local or foreign. This is not surprising considering the country’s strong economy, stable political climate, and exceptional quality of life. With a thriving real estate market, Singapore offers a host of opportunities, and condos are particularly attractive for their convenience, amenities, and potential for attractive returns. In this article, we will delve into the advantages, factors to consider, and important steps to take when investing in a Singapore condo. If you’re looking for a Singapore Condo to invest in, keep reading for valuable insights.

The recent tender for the first private housing Government Land Sale (GLS) site in Bayshore precinct has closed on March 18, attracting a total of eight bids. Located on Bayshore Road next to the Bayshore MRT Station, the 99-year leasehold site spans 112,992 sq ft and has the potential to yield about 515 units.

Among the bidders, SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings, which holds majority shareholding in SingHaiyi, submitted the highest bid of $658.89 million. This translates to a land rate of $1,388 psf per plot ratio (ppr). Sing Holdings came in second with a bid of $653.53 million ($1,377 psf ppr), while City Developments placed third at $620.8 million ($1,308 psf ppr). According to Justin Quek, CEO of OrangeTee & Tie, the high bid prices show strong confidence in the potential of this site.

Mark Yip, CEO of Huttons Asia, notes that this is the highest number of bids received for a private housing GLS site since January 2022, when a Jalan Tembusu plot (now the site of Tembusu Grand) also received eight bids. He believes that developers may have held back from bidding for other GLS sites to focus on the Bayshore site due to its potential. Yip also adds that the strong sales in the past few months have increased the need for developers to replenish their land bank.

Other bidders for the Bayshore Road site include a Frasers Property-led consortium, Kingsford Development, and a joint venture between Hoi Hup Realty and Sunway Developments. The bids submitted by these developers ranged between $1,252 psf ppr to $1,285 psf ppr. The lowest bids were from a consortium comprising Hong Leong Holdings, TID, and CSC Land Group at $500.68 million ($1,055 psf ppr), followed by Sim Lian Group at $485 million ($1,022 psf ppr).

According to Marcus Chu, CEO of ERA Singapore, the considerable gap of 36% between the lowest and highest bids reflects mixed market sentiments among the bidders. He also highlights that SingHaiyi’s bid of $1,388 psf ppr sets a new benchmark for Outside Central Region (OCR) land prices, surpassing the previous threshold of $1,250 psf ppr paid by MCL Land and CSC Land Group in November 2023 for the site of the recently-launched Elta at Clementi Avenue 1.

Wong Siew Ying, PropNex’s head of research and content, adds that this new OCR benchmark rivals the land rates of some GLS plots in the Central Region. Last year, Zion Road Parcels A and B in the Rest of Central Region were awarded at $1,202 psf ppr and $1,304 psf ppr respectively, while Holland Drive and River Valley Green (Parcel A) sites in the Core Central Region were sold for $1,285 psf ppr and $1,325 psf ppr respectively.

The future project at the Bayshore Road site will be the first private residential development in the new Bayshore precinct, a 60-ha estate between East Coast Parkway (ECP) and Upper East Coast Road, with 10,000 homes earmarked. According to Huttons’ Yip, this site offers a sea view and doorstep access to Bayshore MRT Station. In addition to the new amenities in the neighborhood, it also benefits from long-term development plans, such as the Long Island coastal protection project that will add reservoirs and parks to the Bayshore area.

PropNex’s Wong notes that there have been no significant private condo launches in the Bayshore area for decades, with The Bayshore launching in the 1990s and Costa Del Sol in 2000. She believes that there may be pent-up demand for new private housing in the area, including demand from HDB upgraders in nearby Marine Parade and Bedok estates. Wong also adds that developers were eager to participate in the GLS tender, hoping to gain a first-mover advantage in the area.

Based on the top bid of $1,388 psf ppr, Wong predicts that the future development at the Bayshore Road site could see an average selling price of over $2,600 psf. Meanwhile, Knight Frank’s Tay believes prices at the upcoming project could start from $2,700 psf and average above $2,800 psf.…

For international investors, being knowledgeable about the laws and limitations surrounding property ownership in Singapore is crucial. In comparison to landed properties, foreigners face fewer restrictions when purchasing condominiums. However, they are required to pay the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property acquisition. Despite this added expense, many foreign buyers are drawn to the stability and immense growth potential of the Singapore real estate market, which also offers a wide selection of New Condo Launches.

Sales of new private homes maintained their strong pace in February, bolstered by the introduction of new developments. According to data released by URA on March 17, developers recorded a total of 1,575 units sold (excluding executive condos) last month, representing a staggering 45.4% increase from January’s sales of 1,083 units. The year-on-year comparison is even more impressive, with February’s sales over 10 times higher than the 153 units sold in February 2024. This performance marks the highest February sales for developers in 13 years, since they sold 2,417 units in February 2012. Tricia Song, the head of research for Singapore and Southeast Asia at CBRE, notes that February’s sales, including ECs, totaled 1,604 units, a 45.3% rise from January. Developers have already sold 2,658 units (excluding ECs) since the beginning of the year, a significant increase compared to last year when it took eight months to reach a similar figure. Leonard Tay, the head of research at Knight Frank Singapore, observes that this strong performance in February can be attributed to the launch of two major projects in the Outside Central Region (OCR): the 1,193-unit ParkTown Residence in Tampines North and the 501-unit Elta on Clementi Avenue 1. Last month, ParkTown Residence recorded sales of 1,041 units at a median price of $2,363 psf, making it the best-selling project for the month. This translates to an 87% take-up rate at the integrated development, which is a collaborative effort between UOL Group and CapitaLand Development. The second best-performing project was Elta, with 65.1% or 326 units sold by developers MCL Land and CSC Land Group at a median price of $2,538 psf. Song from CBRE points out that both ParkTown Residence and Elta are located in suburban areas that have not seen any supply in the past five years, contributing to the projects’ robust performances. Taking these two projects into account, developers launched 1,694 units for sale in February, a considerable increase of 89% from the 896 units launched in January. Additionally, developers’ sales in the OCR reached a whopping 1,452 units, accounting for an astonishing 92% of the total new private homes sold in February. This marks the best showing for the OCR in over nine years, since 1,523 units were sold in July 2015, says Wong Siew Ying, head of research and content at PropNex Realty. Sales in the Rest of Central Region (RCR) accounted for 98, or 6.2% of the units sold in February. The top-selling RCR project was the existing launch Pinetree Hill, with 22 units sold at a median price of $2,613 psf. In the Core Central Region (CCR), only 25 units were sold, making up 1.6% of developers’ sales last month. The best-selling CCR project last month was 19 Nassim, which sold five units at a median price of $3,372 psf. Four units were also sold at One Bernam at a median price of $2,651 psf. The 351-unit One Bernam, which was launched for sale in May 2021, is now fully sold. When it comes to buyer profiles, Singapore citizens were the most significant new private home buyers at 92.4%, followed by permanent residents at 6.9%, according to Lee Sze Teck, senior director of data analytics at Huttons Asia. Foreigners accounted for 11 new home purchases, one of which was the acquisition of two units at 32 Gilstead for $14.47 million and $14.61 million, making them the most expensive transactions in February so far. A record number of suburban homes were sold for over $2 million in February. Christine Sun, chief researcher and strategist at OrangeTee Group, notes that 603 new private homes (including ECs) were sold in the OCR for at least $2 million, the most sold for this price range in a single month since the first release of URA data in 1995. “The previous record was set in November 2024 when 512 new homes in the OCR were sold for at least $2 million,” she adds. Of the 603 OCR homes that were sold for over $2 million, 596 units were non-landed homes, mostly consisting of units from ParkTown Residence (397 units), Elta (145 units), and Hillock Green (16 units). PropNex’s Wong notes that the average unit prices of recent launches have “decoupled from the sub-market where these projects are located”. While property prices typically follow a pecking order led by the CCR, followed by the RCR and then the OCR, recent launches indicate that this may no longer always be the case. As an example, Wong points out that The Collective at One Sophia, a CCR project that launched in November, sold 73 units at an average unit price of $2,743 psf through URA data until the end of February. According to her, this is lower than the average transaction price of units sold at Union Square Residences ($3,175 psf) in the RCR and only slightly higher than The Orie ($2,734 psf), also in the RCR. Number of units sold and average psf price at selected new launches from November 2024 to February 2025 Meanwhile, recent OCR launches such as Chuan Park, Elta, and Bagnall Haus have recorded average unit prices of $2,589 psf, $2,544 psf, and $2,489 psf, respectively, surpassing RCR schemes such as Nava Grove, which logged an average unit price of $2,460 psf. Wong believes that the price gaps between regions could be attributed to various factors, including site-specific characteristics of projects, amenity-driven pricing, demand by HDB upgraders, and the location of certain projects on the cusp of the CCR. In the coming months, Wong predicts that prices may continue to converge as new RCR projects such as One Marina Gardens in Marina South and future developments on residential sites on Zion Road hit the market. The momentum in developers’ sales is expected to remain robust in March, backed by recent launches such as the 477-unit Lentor Central Residences, the 188-unit Aurea, and the 760-unit Aurelle of Tampines EC. “As of mid-March, these projects have collectively sold more than 1,150 units, promising a strong end to the quarter,” comments Marchus Chu, CEO of ERA Singapore. In light of the robust sales at the beginning of the year, ERA has revised its projection for new private home sales in 2025 to between 8,500 and 9,000 units, up from the previous range of 7,000 to 8,000. According to Lee from Huttons, developers sold over 3,200 units (excluding ECs) in the first quarter of the year. This would be the highest first-quarter sales since 2021, he adds. Going into the second quarter, new launches lined up include the 358-unit Bloomsbury Residences, the 937-unit One Marina Gardens, the 638-unit W Residences Singapore – Marina View, and the 107-unit Arina East Residences. However, despite the strong momentum established in the first quarter, not all projects launched in the coming months may perform equally well, says Knight Frank’s Tay. “Homebuyer demand will largely depend on the specific location and property characteristics of each new project launch, with some projects performing better than others,” he says.…

The Singapore Land Authority (SLA) has put up for tender a cluster of twenty heritage bungalows in Sembawang. These properties have a lease tenure of five years, with an option to extend for another four years.

Situated along Admiralty Road East, Falkland Road, Auckland Road West and Fiji Road, these two-storey black-and-white bungalows were built in the 1920s and 1930s. They occupy a total area of approximately 245,300 square feet and have an estimated gross floor area (GFA) of 94,945 square feet.

The bungalows are open for lease with serviced apartment use, including options for multi-generational and senior co-living concepts. F&B and retail use are allowed, as long as the GFA does not exceed 9,580 square feet. The minimum stay for a serviced apartment is one week.

Additionally, these properties are being offered for tender on a price-quality basis. The closing date for the tender is June 11 at 11am, and the site is expected to be awarded in October.

In related news, the SLA has been exploring innovative ways to make use of state properties, such as reimagining them as co-living spaces, pop-up event venues, and social impact hubs. The agency is also committed to streamlining processes and introducing digital solutions, with the goal of replacing paper-based processes with a digital property conveyancing portal by 2026.

Colin Low, who headed the SLA’s Real Estate Investment Trust before taking on a role in public service, has shared his vision for the agency’s future. With its dedication to progress and adaptability, the SLA is poised to make significant contributions to the nation’s development.

Purchasing a condo can bring about a plethora of advantages for investors, with one being the ability to utilize its value as collateral for potential investments. Many experienced investors have utilized their condos to obtain financing for new ventures, effectively increasing their real estate portfolio. While this strategy has the potential to bring in higher returns, it is essential to have a well thought-out financial plan and a thorough evaluation of potential risks, such as market fluctuations. By creating a strong strategy and exercising caution, a condo can serve as an excellent asset for diversifying one’s investment portfolio. Additionally, for those interested in entering the real estate market, Ginestarfruits.com offers a range of high-quality condo options to choose from. Their website is the perfect platform for individuals looking to invest in this profitable market.…

Assessing the potential rental yield is a crucial factor to consider when contemplating a condo investment. The rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary greatly depending on various factors such as location, property condition, and market demand. Prime locations near business districts or educational institutions tend to offer higher rental yields due to the high demand for rental properties. To get a better understanding of the rental potential of a specific Singapore Condo, it is advisable to conduct thorough market research and seek the advice of reputable real estate agents. By doing so, valuable insights can be gained to aid in making an informed decision.

CapitaLand Integrated Commercial Trust (CICT) has announced changes to its board of directors in a recent bourse filing on March 17. Tan Choon Siang will be taking over as CEO, while current CEO Tony Tan will be appointed as CCO of CapitaLand Development.

Effective May 1, 2025, Tan Choon Siang, who currently holds the position of deputy CEO, will assume the role of CEO and executive non-independent director. He will also be a member of the executive committee (EC). Meanwhile, Tony Tan will step down as executive non-independent director and member of the EC, and will instead serve as chief corporate officer of CapitaLand Development. Tan has been CEO and executive director of CICT since 2017.

Under Tony Tan’s leadership, CICT successfully oversaw the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020. This resulted in the formation of CICT, which is now Singapore’s largest listed REIT with a market capitalization of $15.5 billion.

Taking over as CEO in 2025, Tan Choon Siang brings with him a wealth of experience. He previously managed CapitaLand Malaysia Trust since 2022 and served as the chief financial officer of the manager of CapitaLand India Trust. Before that, he held the position of Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2019.…

View Past Transactions for commercial propertiesClose to 50% of the office space at Keppel South Central has been leased or is currently in negotiations. (Photo: Samuel Isaac Chua / EdgeProp Singapore) Keppel to Focus on Brownfield Redevelopment Projects After Keppel South Central Keppel, a homegrown global asset manager and operator, is shifting its focus to other brownfield redevelopment projects following the successful completion of Keppel South Central. According to Samuel Ng, president of Keppel’s real estate division in Singapore, “The redevelopment of Keppel South Central is our showpiece.”The development, formerly known as Keppel Towers and Keppel Towers 2, was completed in 1991 and 1993, respectively. The flagship 33-storey commercial tower, which offers about 650,000 sq ft of office and retail space, was announced completed last month. Typical office floor plates range between 20,000 and 22,000 sq ft, with a clear ceiling height of 3.2m.Half of the office and retail spaces have been either leased or in active negotiations, and the first anchor tenant has already been secured. Occupants are expected to move in from June, with a leading financial services group leasing two whole floors.The property has been renovated to incorporate green technology to make it more energy-efficient. It has been certified by BCA as a Green Mark Platinum Super Low Energy building, which equates to energy savings of about 6.2 million kilowatt hours (kWh) annually. This translates to about $1.8 million in savings each year.The renovation included physical improvements like treated external windows, which help minimize heat transfer into the building, as well as software applications, such as a smart building management system that optimizes energy usage. The design also takes into account after-hours operations. The office space has been adapted to the needs of modern tenants, with designated floors fitted with micro ACUs (air conditioning units) that provide localized cooling and optimize energy usage when select areas are occupied. The tower also offers retail and event spaces on the ground floor, health and wellness spaces on the fifth and sixth floors, a landscaped terrace on the 18th floor, and end-of-trip facilities on Basement 1. These are in addition to a suite of technological improvements that bring it up to par with other Grade-A office buildings in the CBD.The redevelopment of Keppel South Central is part of Keppel’s Sustainable Urban Renewal (SUR) strategy. Keppel is looking to replicate the success of Keppel South Central across the region. Keppel SURF, the flagship Sustainable Urban Renewal Fund, which has over $2.3 billion in funds under management, is set to fund brownfield projects in the region. Keppel’s in-house capability to execute the renewal works sets it apart from other asset managers. It is equipped to complete the asset enhancement works, stabilize occupancy, and divest it within the fund’s life of seven years. The initiative has already been applied to eight projects in five countries, three of which have yet to be completed.

When it comes to investing in a condo, financing is a crucial factor to consider. Fortunately, Singapore has a variety of mortgage options available. However, it is essential to keep in mind the Total Debt Servicing Ratio (TDSR) framework, which restricts the amount of loan a borrower can take based on their income and current debt commitments. Being well-informed about the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making wise financing decisions and preventing them from taking on too much debt. Singapore Projects can also be a useful resource to explore for potential investment opportunities.…

A semi-detached house with a 99-year leasehold will be up for auction at the next SRI sale on March 15 with a guide price of $3.65 million. Located on Kew Heights in District 16, the three-storey property sits on a corner plot spanning 3,034 sq ft. The land rate of $1,203 psf is reflected in the price tag of $3.65 million. This is a mortgagee sale and the first time the property will be offered at auction. The house will be sold with vacant possession.

The property features a total floor area of 4,436 sq ft spread over three levels. The ground floor includes a living hall with a double-volume ceiling, an adjoining dining area, a kitchen, and a helper’s room. The upper levels comprise six bedrooms, a family area, and a storeroom. There is also a car porch and a backyard area.

According to Mok Sze Sze, managing partner of auctions and sales at SRI, potential buyers may have the option to convert some of the open spaces into additional bedrooms, making it suitable for extended or multi-generational families. He also notes that compared to the area, the property’s land rate of $1,203 psf is comparatively low. URA caveats show that the property was last sold in November 2021 for $3.19 million, translating to $1,051 psf.

In the past year, two other 99-year leasehold properties within the Kew Vale estate were sold. In February, a three-storey semi-detached house on Kew Heights was sold for $3.35 million. It has a land area of 2,396 sq ft, which works out to a land rate of $1,398 psf. In January, a three-storey terraced house located along Kew Drive was sold for $3.26 million ($1,417 psf).

The prices of 99-year leasehold semi-detached houses in the Kew Vale estate have increased in recent years. According to URA Realis, between 2023 and 2024, seven semi-detached houses were sold at an average land rate of $1,213 psf. This is an increase from the average land rate of $1,002 psf for seven transactions in the estate between 2021 and 2022.

In Singapore, the importance of location cannot be overstated when it comes to real estate investment. Specifically, properties in central areas or near vital amenities such as schools, shopping centers, and public transportation hubs have a higher chance of increasing in value. Prime areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have a track record of consistent growth in property values. The presence of reputable schools and educational institutions in these locations also makes condos highly sought after by families, providing an extra boost to their investment potential. With the addition of Singapore Projects, this investment potential is further enhanced, making these areas even more attractive for prospective property buyers.

The area is well-connected with major highways such as East Coast Parkway (ECP) via Bayshore Road and will be served by the upcoming Bedok South MRT Station along the Thompson-East Coast Line when it opens in the second half of 2026. The property is also located near several schools, including Temasek Primary and Secondary Schools, Bedok South Secondary, and Bedok View Secondary.…

When considering an investment in a Singapore Condo, it is imperative to carefully assess its potential rental yield. Rental yield denotes the yearly rental income as a percentage of the property’s 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 a high demand for rentals, such as those near business districts or educational institutions, tend to offer more enticing rental yields. As a result, conducting thorough market research and seeking advice from real estate agents can provide valuable insights into the rental potential of a particular Singapore Condo.

There was a highly profitable resale at The Trizon last week when a 5,737 sq ft penthouse unit was sold for $9.76 million. The unit had previously been bought for $6.55 million in 2016, making a profit of $3.2 million. With 289 units, The Trizon is a freehold condo located on Ridgewood Close in prime District 10. It offers a mix of two- to five-bedroom units, ranging from 1,012 sq ft to 7,083 sq ft. Nearby developments include Pandan Valley and two new projects, Pinetree Hill and Nava Grove, both of which are 99-year leasehold properties. The average resale price at The Trizon is $2,017 psf, with nearby Pandan Valley commanding an average price of $1,449 psf and Ridgewood condo averaging at $1,728 psf. The second most profitable transaction recorded last week was at Haig Court, where a three-bedroom unit was sold for $2.84 million. The seller earned a profit of $2.04 million, having originally bought the unit for just $798,868 19 years ago. Haig Court is a freehold development with 360 units, located on Haig Road in District 15. It is close to shopping malls such as Katong Shopping Centre and well-known schools like Chung Cheng High School and Tanjong Katong Girls’ School. Nearby developments include two new 99-year leasehold projects, Emerald of Katong and Tembusu Grand. Alternatively, the most unprofitable resale transaction last week was at Orchard Scotts, where a 2,228 sq ft unit was sold for $3.78 million. This resulted in a loss of $576,000 for the seller, who had bought the unit for $4.35 million in 2010. Orchard Scotts is a 99-year leasehold condo with a mix of two- to five-bedroom units, ranging from 936 sq ft to 4,435 sq ft. Average resale prices have fallen in recent years, from about $2,061 psf in 2010 to $1,760 psf last month. Other new or upcoming developments in the area include The Continuum, an 816-unit freehold project, and Grand Dunman, a 1,008-unit 99-year leasehold development.…

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.…