Month: January 2025

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.…

The Urban Redevelopment Authority (URA) has given the green light to an outline application for the voluntary conservation of Golden Mile Tower. This will only come into effect if the 99-year leasehold development is successfully sold in a collective sale and the developer plans to redevelop the property.

According to documents seen by EdgeProp Singapore, the government has stated that if the developer chooses to conserve the existing cinema block, the site’s allowable gross plot ratio (GPR) could be increased from 4.46 to 5.6. This is based on the current site area of 93,902.5 sq ft. The higher GPR would result in a significant increase in the redevelopment’s allowable gross floor area (GFA) to 525,854 sq ft, up from its current GFA of 419,142 sq ft. In addition, voluntary conservation would also raise the maximum building height to 164m, an increase from the current limit of 145m.

Read also: Cover Projects awarded tender for heritage building at 26 Evans Road

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Last August, the owners of Golden Mile Tower made their third attempt to sell and redevelop the 99-year leasehold development, with a reserve price of $556 million. According to Anna Tan, business development director at Tag Realty (the marketing agent for the collective sale of Golden Mile Tower), the reserve price has not changed. This translates to a land rate of $1,350, which includes the cost of renewing the land tenure but does not include any land betterment charges.

Tan also mentions that the increased building height under the voluntary conservation options presents new opportunities for developers to reimagine the property with a striking skyline presence. It also means that commercial and hotel spaces in the new development could feature 5m floor-to-ceiling heights, while residential units could offer 3.6m ceiling heights.

Using EdgeProp’s Landlens tool, we can see that Golden Mile Tower sits next to Golden Mile Singapore, which was gazetted for conservation in 2021. The latter is a joint development by Perennial Holdings and Far East Organization, with the commercial units launched last December. The new residential units, situated within a 45-storey tower, are expected to be launched in the current quarter.

“The approval for voluntary conservation of Golden Mile Tower is significant as it is located next to Golden Mile Singapore, and there is limited land supply along Beach Road. Moreover, rejuvenation efforts such as the launch of Golden Mile Singapore and the neighbouring Kallang Alive masterplan will likely drive up prices in the area,” says Tan.

Read also: Jetsetters’ customised apartment with epic views at South Beach for $12.25 mil

Choosing the right location is crucial when it comes to investing in real estate, especially in Singapore. A property’s location can greatly impact its value, making it a key consideration for potential buyers. This is particularly evident in Singapore’s real estate market, where condominiums located in central areas or near important amenities, such as schools, shopping malls, and public transportation hubs, tend to see a higher appreciation in value. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values over the years. These areas also attract families due to their convenient access to top-notch schools and educational institutions, making them even more desirable and valuable investments. With the growing demand for such prime locations, new condo launches are constantly emerging, providing investors with even more opportunities to secure prime real estate in Singapore. New Condo Launches are always in demand, reflecting the importance of location in the real estate market.

She also notes that the redevelopment of Golden Mile Tower presents a rare opportunity to develop a new mixed-use development in a prime location along Beach Road. The building’s heritage and potential for the future make it a unique investment opportunity for both local and international investors.…

Over the weekend of January 4-5, Bagnall Haus at Upper East Coast saw an overwhelming response with 1,500 visitors at its sales gallery. Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the developer of the project, shares that the majority of the visitors were families and current residents in the East area.

Being one of the first new project launches of 2025, Bagnall Haus has already created a buzz in the market. This 113-unit freehold condominium was previously known as Bagnall Court and was acquired by the developer in January 2023 for $115.28 million.

Investing in a condo in Singapore offers numerous benefits, with one of the most significant ones being the potential for capital appreciation. Thanks to its strategic location as a global business hub and strong economic fundamentals, Singapore experiences a constant demand for real estate. This has resulted in a consistent upward trend in property prices over the years, especially for condos located in prime areas. By purchasing a property at the opportune moment and holding onto it for an extended period, investors can reap significant capital gains. This is why many consider adding Singapore Projects to their investment portfolio a wise decision.

One of the major draws of Bagnall Haus is its prime location – just a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station and Upper East Coast Bus Terminal. Interested buyers can easily find out more about the development and its available units and prices by searching for the latest new launches.

It’s been 15 years since a new project was launched in the Upper East Coast Road neighbourhood, making it a highly sought-after location. To cater to the diverse needs of potential buyers, the developer has a range of unit types, from one-bedroom plus flexi (starting from 495 sq ft) to five-bedroom units (up to 1,528 sq ft). Prices start from $1.235 million ($2,495 psf) and the average indicative price is around $2,450 psf.

Interested buyers can also check out the latest listings for Bagnall Haus properties and get a summary of the project on the Ask Buddy website. They can also compare the price trends of HDB, condo, and landed properties, as well as recently launched and upcoming new projects.

With a prime location, a wide range of unit types, and attractive prices, Bagnall Haus is definitely one to watch out for in the real estate market.…

on a 99-year leaseVIDEO: En bloc process, explained2 Comments

The Housing Development Board (HDB) has just released their flash estimates for the fourth quarter of 2024, and it indicates that resale flat prices have increased by 2.5% compared to the previous quarter. While this marks the 19th consecutive quarter of price increases in the HDB resale segment, the growth has slowed slightly from the 2.7% recorded in the previous quarter.

According to Christine Sun, chief researcher and strategist at OrangeTee Group, the flash estimates showed that in 2024, HDB resale prices grew by 9.6%, which is double the growth seen in 2023. However, this growth is still slower than the price increases seen in previous years, such as the 10.4% increase in 2022 and the 12.7% growth in 2021.

OrangeTee also notes that the HDB caveat data from data.gov.sg, which was downloaded on Jan 2, shows that there has been a slowdown in price growth for some flat types. For example, the median price of four-room flats saw a quarter-on-quarter (q-o-q) increase of 2.5% in 4Q2024, which is slower than the 3.4% growth seen in 3Q2024.

Similar trends were seen in two-room and executive flats, which recorded a q-o-q increase of 2% and 1.2% respectively, which is slower than the growth seen in the previous quarter. However, the prices for five-room flats grew by 3.2% in 4Q2024, which is faster than the 1.2% increase seen in 3Q2024.

In terms of resale volume, data shows a decline of 3.6% year-on-year (y-o-y) in 4Q2024, with 6,314 units being sold compared to 6,547 units in 4Q2023. This volume was also 22.5% lower compared to the previous quarter, where 8,142 units were sold.

Sun attributes this decline in HDB resale transactions to the HDB launching over 8,500 new flats in the October Build-to-Order (BTO) exercise, which were located in prime and desirable locations. She says that “the attractive features of these flats, including scenic views and proximity to MRT stations, diverted demand away from the resale market towards the BTO market”.

She also notes that sales tend to slow down during the year-end school holidays, when many Singaporeans travel abroad. This typically leads to a decrease in house viewings and sales activities during this period.

Wong Siew Ying, head of research and content at PropNex, attributes the slower pace of growth in 4Q2024 to government intervention that took place in August 2024, where the loan-to-value (LTV) limit for HDB loans was reduced by five percentage points to 75%. She says that “the weaker sales and slower growth in the HDB resale price index in 4Q2024 suggests that the August 2024 measures are likely to be working through the market”.

She also notes that the thinner resale volume during the quarter also likely put a drag on prices”. According to PropNex, the total resale volume in 2024 was 28,876 units, which is 8% higher than the 26,735 units recorded in 2023. However, this volume is still lower than the peak of 31,017 units seen in 2021.

The decline in resale transactions also led to a decrease in million-dollar flat transactions, which fell to 283 units in 4Q2024, compared to 331 units in 3Q2024. However, the total number of million-dollar transactions reached a record high of 1,033 units in 2024, which is more than double the 469 million-dollar transactions recorded in 2023.

PropNex also notes that Toa Payoh town led million-dollar resale flats deals in 4Q2024, with 58 such transactions. Of these transactions, 20 were for four- and five-room units at Alkaff Vista in Bidadari Park Drive, which had recently crossed the five-year minimum occupation period (MOP).

According to Eugene Lim, key executive officer of ERA Singapore, the new classification of Plus and Prime classification BTO flats may have driven more homebuyers to seek out HDB resale homes in central locations. He says that “these buyers are unwilling to accept the resale restrictions such as a 10-year MOP, rental restrictions after MOP, subsidy clawback upon resale and resale income cap on future buyers”.

According to OrangeTee, HDB resale prices are expected to continue rising in 2025, but at a slower pace than in previous years. Sun says that “in many areas, prices have already reached new highs, creating affordability concerns for many potential buyers”. She expects that the ongoing supply of BTO flats will help moderate price growth in the secondary market. However, the degree of price stabilisation will depend on the number of BTO flats the government plans to release in the upcoming years.

One of the main drivers of the high demand for condos in Singapore is the scarcity of available land. Being a small island nation with a rapidly increasing population, Singapore faces a shortage of land for development. As a result, strict land usage regulations are in place, creating a highly competitive real estate market where property prices continue to soar. This has made investing in real estate, particularly condos, a highly appealing option with the potential for significant capital growth. Additionally, the Singapore Projects add to the attractiveness of this market.

In February 2025, HDB will launch its largest sale of balance flats (SBF) exercise, offering more than 5,500 flats across various towns, says Lee Sze Teck, senior director of data analytics, Huttons Asia. He says that “some prospective resale flat buyers have decided to wait and try their luck”.

Sun expects resale prices to grow at a more measured pace in 2025, due to a reduced supply of flats reaching the MOP, which has been a key driver of price growth in recent years. Hence, she anticipates a 3% to 6% growth in HDB resale prices, with 26,000 to 27,000 resale units changing hands by the end of 2025.

Wong expects the HDB resale market to perform well in 2025, underpinned by healthy housing demand and fewer MOP flats coming on, which may keep resale prices firm. She projects that HDB resale flat prices may rise by 5% to 7% in 2025, supported by a resale volume forecast of 29,000 to 30,000 units.

The supply of BTO flats in 2025 will be further reduced to 17,290 units, which is around 12% lower than the supply in 2024, notes Huttons’ Lee. He says that “as there is no upfront information on the BTO projects with a shorter waiting time, buyers are likely to go to the resale market”.

He also says that “interest rates could go lower in 2025, allowing buyers to take on a more sizeable loan amount to buy a new home”. As such, he believes that some buyers may set their sights on either an executive condo (EC) or a resale condo, and that the million-dollar flat market may stabilise between 900 to 1,200 units in 2025.

Huttons projects that HDB resale flat transactions will end the year at 26,000 to 28,000, with resale flat prices likely to grow at a slower pace of 5% to 8%.…

According to recent HDB flash estimates released on January 2, the resale flat prices have increased by 2.5% quarter-on-quarter (q-o-q) in the fourth quarter of 2024. This marks the 19th consecutive quarter of price increases in the HDB resale segment and indicates a slight slowdown from the 2.7% q-o-q growth in the previous quarter. The flash estimates also revealed that the HDB resale prices grew by 9.6% in 2024, which is significantly higher than the 4.9% growth recorded in 2023. However, it is lower than the 10.4% price increase in 2022 and the 12.7% growth in 2021. According to Christine Sun, chief researcher and strategist at OrangeTee Group, this is a sign that the HDB resale market is stabilizing.

OrangeTee’s Sun further noted that the HDB caveat data from data.gov.sg downloaded at 8.15am on January 2 showed a slowdown in price growth for some flat types. For example, the median price of four-room flats saw a q-o-q increase of 2.5% in the fourth quarter of 2024, which is lower than the 3.4% growth recorded in the third quarter of 2024. Similarly, two-room flats rose by 2% q-o-q in the fourth quarter of 2024, which is slower than the 3.9% growth in the previous quarter. Executive flats registered a 1.2% q-o-q price increase in the fourth quarter of 2024, compared to 1.7% in the previous quarter. In contrast, prices for five-room flats grew 3.2% in the fourth quarter of 2024, which is higher than the 1.2% increase in the third quarter of 2024.

The resale volume also declined by 3.6% year-on-year (y-o-y) in the fourth quarter of 2024. This is a decrease from 6,547 transactions in the fourth quarter of 2023 to 6,314 units in the fourth quarter of 2024. It is also lower by 22.5% q-o-q from 8,142 units in the third quarter of 2024. According to Sun, the primary reason for this decline in HDB resale transactions is due to the launch of over 8,500 new flats by HDB in the BTO (Build-to-Order) exercise in October 2024. The attractive features of these flats, including scenic views and proximity to MRT stations, diverted demand away from the resale market towards the BTO market. She also added that the seasonal year-end school holidays could have contributed to the decrease in sales activities and house viewings.

However, Wong Siew Ying, head of research and content at PropNex, attributed the slower pace of growth in the fourth quarter of 2024 to the government’s intervention in August 2024, when they reduced the loan-to-value (LTV) limit for HDB loans by five percentage points to 75%. According to Wong, this shows that the August 2024 measures have started to impact the market. She also noted that the lower resale volume during the quarter may have affected the prices.

The total resale volume for the year 2024 was 28,876 units, which is 8% higher than the previous year’s figure of 26,735 units and the 27,896 units recorded in 2022. However, it is still lower than the peak of 31,017 units recorded in 2021. This data is based on caveats and may differ from the actual numbers. Wong stated that this increase in resale volume was driven by the attractive prices in the resale market.

According to OrangeTee’s Sun, the decline in resale transactions in the fourth quarter of 2024 led to a decrease in million-dollar flat transactions to 283 units from 331 units in the third quarter of 2024. However, the total number of million-dollar transactions reached a record high of 1,033 units in 2024, which is more than double the 469 million-dollar transactions recorded in the previous year. In the fourth quarter of 2024, Toa Payoh town led million-dollar resale flat deals with 58 transactions, 20 of which were for four- and five-room units at Alkaff Vista in Bidadari Park Drive, which had recently reached the minimum occupation period (MOP).

Eugene Lim, key executive officer of ERA Singapore, noted that the introduction of Plus and Prime classification BTO flats may have led to more buyers opting for HDB resale homes in central locations. These buyers may not be willing to accept the resale restrictions, such as a 10-year MOP, rental restrictions after MOP, subsidy clawback upon resale, and resale income cap on future buyers.

OrangeTee predicts that the HDB resale prices will continue to rise in 2025, albeit at a slower rate than in previous years. Many areas have already reached new highs, which could lead to affordability concerns for potential buyers. The ongoing supply of BTO flats is expected to curb the price growth in the secondary market. However, the degree of price stabilization will depend on the number of BTO flats released by the government in the upcoming years.

The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art facilities. Condominiums, strategically positioned in desirable locations, offer a perfect fusion of opulence and practicality that appeals to locals and foreigners alike. With a multitude of amenities including swimming pools, fitness centers, and round-the-clock security, these residences elevate the standard of living and entice prospective renters and purchasers. For investors, these perks equate to greater rental returns and appreciation in property prices in the long run. Don’t miss out on lucrative opportunities in the city’s thriving real estate market with Singapore Projects.

In February 2025, HDB will launch its largest sale of balance flats (SBF) exercise, offering more than 5,500 flats in different towns. Lee Sze Teck, senior director of data analytics at Huttons Asia, stated that some prospective resale flat buyers may wait to try their luck in this exercise. He also expects the HDB resale prices to grow at a slower pace in 2025 compared to previous years due to a reduced supply of flats reaching MOP, which has been a key driver of price growth.

PropNex predicts that the HDB resale market will perform well in 2025, driven by healthy housing demand and fewer MOP flats coming on – possibly keeping resale prices firm. It is also expected to attract strong buying interest from those with more pressing housing needs, applicants who cannot secure a BTO flat, and families with a tighter housing budget. Therefore, they anticipate a growth of 5% to 7% in HDB resale flat prices and a resale volume of 29,000 to 30,000 units in 2025.

According to Huttons, the supply of BTO flats in 2025 is further reduced to 17,290 units, about 12% lower than the supply in 2024. This could lead to an increase in demand in the resale market. Huttons projects that the HDB resale flat transactions will end the year at 26,000 to 28,000, with resale flat prices growing at a slower pace of 5% to 8%.…

Roxy-Pacific Holdings, a property developer, is set to showcase its latest project, Bagnall Haus, on Saturday, Jan 4. The prestigious freehold development is a transformation of the previous Bagnall Court, which was acquired by Roxy-Pacific for a whopping $115.28 million in February 2023. This translates to a land rate of $1,106 psf ppr.

Securing financing is a vital factor in investing in a Singapore condo. The country presents various mortgage choices, but familiarity with the Total Debt Servicing Ratio (TDSR) framework is crucial. This framework sets a cap on the loan amount that a borrower can take, depending on their income and current debt commitments. Investors should gain a thorough understanding of the TDSR and seek guidance from financial advisors or mortgage brokers before committing to any financing arrangements. This will enable them to make well-informed decisions and avoid overstretching their finances. To learn more about investing in a Singapore condo, visit Singapore Condo.

The new development boasts a five-storey block with a total of 113 residential units and two shop units. There is a variety of apartment sizes to cater to different needs, ranging from one-bedroom plus flexi apartments with a floor area of 495 sq ft to spacious five-bedroom units with a generous size of 1,528 sq ft. The price for a one-bedroom plus flexi unit starts from $1.235 million, which translates to $2,495 psf.

Executive Chairman of Roxy-Pacific Holdings, Teo Hong Lim, mentioned that the average indicative price for Bagnall Haus will be around $2,450 psf. The launch date will be announced after the weekend preview.

Residents of Bagnall Haus will have the convenience of being less than a five-minute walk away from the upcoming Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines, set to be completed in 2028. In addition, it is also a mere five-minute walk from the Upper East Coast Bus Terminal.

Furthermore, the project is strategically located near a future commercial and residential mixed-use development site in the upcoming Bayshore precinct. This means that residents will have access to the future amenities in the area, as stated by Teo.

The last private condominium to be launched in the Upper East Coast neighbourhood in District 16 was Eastwood Regency, a 75-unit freehold boutique apartment project by Fragrance Group. It was launched in January 2010 and completed in the same year. The nearby Country Park Condo, a freehold development with 160 units by UOL Group, was launched for sale in 1999 and completed in 2003. Another neighbouring development, the 99-year leasehold mixed-use Eastwood Centre with 48 residential units, was launched by Ho Bee Land in 1996 and completed in 1998.

Amenities in the immediate vicinity of Bagnall Haus include the upcoming Bedok Food Court and the nearby Eastwood Centre, which houses a Cold Storage supermarket, a medical clinic, a dentist, a nail and beauty spa, and a pet shop. Families with school-going children will also benefit from the multitude of renowned schools in the area, such as Temasek Primary and Secondary School, Bedok Green Primary School, and Anglican High School. Interested buyers can check out the latest listings for properties in Bagnall Haus on the website, Ask Buddy.…

CDL, Frasers Property and Sekisui House have announced the launch of their latest project, The Orie. The private condominium, located at the intersection of Lorong 1 Toa Payoh and Lorong 4 Toa Payoh, will be previewed on Friday, Jan 3, with the official launch set for Jan 18.

The Orie comprises of 777 units spread across twin 40-storey towers. The units range from one-bedroom plus study apartments of 517 sq ft to spacious five-bedroom apartments of 1,453 sq ft. Prices start from $1.28 million ($2,476 psf) for a one-bedroom plus study, $1.48 million ($2,500 psf) for a two-bedroom, $2.09 million ($2,459 psf) for a three-bedroom, $2.92 million ($2,401 psf) for a four-bedroom, and $3.48 million ($2,395 psf) for a five-bedroom unit with an exclusive private lift. Interested buyers can search for the latest New Launches to find out the transaction prices and available units.

The Orie marks the first private condo launch since 2016, when the 578-unit Gem Residences was launched and completed in 2020. This new project is a joint venture between the three major property developers who were awarded the Government Land Sales (GLS) site at Lorong 1 Toa Payoh. Their winning bid of $968 million translates to a land rate of $1,360 psf per plot ratio (ppr). The joint venture is split in a 50:25:25 ratio between CDL, Frasers Property and Sekisui House.

“We are delighted to kickstart the new year with The Orie, the first private residential launch in Toa Payoh in over eight years,” says Sherman Kwek, CDL’s group CEO. He adds that buyers will benefit from its location in the vibrant and highly sought-after Toa Payoh estate, with its central location and excellent connectivity.

When it comes to investing in real estate, the location you choose plays a crucial role, and this is especially true in Singapore. A condo’s location in central areas or near essential amenities such as schools, shopping malls, and public transportation hubs can significantly impact its value appreciation. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values over the years. Additionally, condos in these areas are highly sought after by families due to their proximity to excellent schools and educational institutions, further enhancing their investment potential. For more information on Singapore projects, visit Singapore Projects.

The Orie is just a five-minute walk to Braddell MRT Station on the North-South Line (NSL) and is close to the upcoming Toa Payoh Integrated Transport Hub. This new 12-ha integrated development and community hub is set to be completed in 2030 and will feature a sports centre, football stadium, polyclinic, public library, and other sports facilities. It will also connect Toa Payoh Bus Interchange to Toa Payoh MRT station. Other nearby amenities include the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and MacRitchie Reservoir.

Families will appreciate the proximity to schools such as Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, and First Toa Payoh Primary School. Healthcare facilities in the area include Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital, and Thomson Medical Centre.

The Orie, situated within District 12 in the city fringe or Rest of Central Region (RCR), offers easy access to the CBD and Orchard Road shopping belt, notes Soon Su Lin, CEO of Frasers Property Singapore. The development boasts over 40 condominium facilities, efficient layouts, quality fittings by Hansgrohe, bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung.

Takehisa Yanagi, managing officer and head of international development department at Sekisui House, says that The Orie marks a new partnership between the Japanese developer and CDL. However, he adds that Sekisui House and Frasers Property have been working together on projects in Singapore for the past 13 years.

Interested buyers can also check out the latest transactions at Gem Residences to get an idea of the current market prices. For more information on The Orie, interested buyers can refer to the project summary, compare price trends between new and resale condos, check out the recently launched projects, and browse the listings in District 12.…