Skip to content

Condo Gine Star Fruits

Menu
  • Home
  • Real Estate
  • Mortgage
  • Property News
Menu

Commonwealth Towers Sets New Psf Price Record 2460

Posted on January 17, 2025

Commonwealth Towers emerged as the top private non-landed property with the highest psf-price peak during the week of Dec 27 to Jan 3. The 99-year leasehold condominium reached a new high of $2,460 psf on Dec 27 when a 904 sq ft, three-bedroom unit on the 40th floor was sold for $2.22 million.

This new record surpassed the previous high of $2,402 psf, which was set just three months earlier when a 689 sq ft, two-bedroom unit on the 42nd floor was sold for around $1.65 million in September 2024. The rising trend in psf prices at Commonwealth Towers can be seen in its average resale price over the past three years. In 2022, the project recorded 53 transactions at an average price of $1,971 psf. The following year, the average price increased to $2,097 psf across 51 resale transactions. Last year, the development saw 37 resale transactions at an average price of $2,200 psf. This represents an 11.6% increase in average resale prices since 2022.

The most expensive unit to have changed hands at Commonwealth Towers by absolute price was a 1,302 sq ft, four-bedroom unit on the 39th floor that sold for $2.96 million, or $2,273 psf in November 2024.

Completed in 2017, Commonwealth Towers is a 99-year leasehold condominium with about 87 years remaining on its tenure. It is located along Commonwealth Avenue and comprises two 43-storey residential blocks housing a total of 845 units. The units are a mix of one- to four-bedroom apartments ranging from 441 sq ft to 1,302 sq ft.

Taking second place on the list of private residential properties with a new psf-price peak during the review period was the freehold project Parq Bella. The development set a new record of $2,416 psf when the developer sold a 1,076 sq ft, three-bedroom unit on the fourth floor for about $2.6 million on Dec 31. This unit was also the first at the development to transact for over $2,400 psf.

This new record beats the previous high of $2,385 psf, which was set in August 2023 when a 926 sq ft, two-bedroom unit on the fourth floor was sold for around $2.2 million.

When contemplating an investment in a condominium, it is essential to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s buying price. In Singapore, the rental yields for condos can vary significantly depending on factors such as location, the condition of the property, and market demand. Areas with a high demand for rentals, such as those near business districts or educational institutions, typically offer more favorable rental yields. It is important to conduct thorough market research and seek advice from real estate agents, who can provide valuable insights into the rental potential of a specific condo. Additionally, checking out Singapore Projects can also give insights on potential rental yields for condos in the area. By considering these factors and consulting with experts, you can make an informed decision when investing in a condo.

Parq Bella is a freehold development located on Tembeling Road in District 15. It offers 20 apartments ranging from two to four bedrooms and floor plans spanning from 926 sq ft to 1,787 sq ft. The project is expected to be completed in December 2026.

Last year, Parq Bella recorded five new transactions with an average price of $2,347 psf. Since its launch in 3Q2023, the development has sold 19 of its 20 units (95%) at an average price of $2,244 psf, based on caveats lodged as of Jan 14.

The only private residential development to witness a new psf-price low during the period in review was the freehold luxury project Klimt Cairnhill. The new price floor was reached through the developer’s sale of a 829 sq ft, two-bedroom unit on the 24th floor for $2.55 million on Jan 3. This translates to $3,077 psf.

This two-bedroom unit is the final unit sold at Klimt Cairnhill, a 138-unit freehold development that achieved 100% sales at an average price of $3,665 psf, based on caveats lodged. The project was previewed in August 2021 and officially launched in January 2023.

Klimt Cairnhill is located along Cairnhill Road in Prime District 9 and features a mix of two- to four-bedroom apartments ranging from 829 sq ft to 2,368 sq ft. It also includes two penthouses of 4,898 sq ft and 5,920 sq ft. The development is expected to obtain its Temporary Occupation Permit in April this year.…

Hdb Launch 19600 Bto Flats And Over 5500 Sale Balance Flats 2025

Posted on January 17, 2025

estimate

Minister for National Development Desmond Lee announced on Jan 16 that HDB will be launching more than 25,000 new flats in 2025. This was revealed in a joint press release by HDB and the Ministry of National Development (MND).

This launch will include approximately 19,600 build-to-order (BTO) flats across three sales exercises and more than 5,500 sale of balance flats (SBF) in one SBF sale exercise. The units will consist of a mix of Standard, Plus, and Prime BTO flats under the new classification framework.

The upcoming February BTO launch will offer around 5,000 flats in popular locations such as Kallang/Whampoa, Queenstown, Woodlands, and Yishun. These flats are expected to cater to the diverse needs of homebuyers.

In addition, HDB will conduct its largest-ever Sale of Balance Flats (SBF) exercise next month, offering over 5,500 flats across various estates. About 40% of these flats are already completed, while the rest are at different stages of construction and are expected to be ready between 2025 and 2028.

In total, more than 10,000 new flats will be available under the February BTO and SBF exercises.

Over the last four years, from 2021 to 2024, HDB has launched approximately 82,700 BTO flats. With a planned pipeline of 19,600 BTO flats in 2025, HDB is on track to surpass its commitment of 100,000 units over five years.

This increase in BTO supply has resulted in a decline in application rates. In 2024, the average application rate among first-time homebuyers for BTO across all flat types was 2.1, compared to 3.7 in 2019 before the pandemic. For three-room and larger flats, the average first-timer application rate in 2024 was 2.2, down from 4.0 in 2019.

Minister Lee has assured that HDB will continue to release a steady pipeline of flats to meet housing demand in the coming years. Over 50,000 flats are set to be launched between 2025 and 2027, bringing the total to about 130,000 flats from 2021 to 2027.

.

In Singapore, the city skyline is characterized by towering skyscrapers and state-of-the-art structures. Condominiums, strategically situated in prime locations, offer a perfect combination of opulence and convenience to both locals and foreigners. These residences offer a plethora of facilities, including but not limited to, swimming pools, fitness centers, and security services, elevating the overall living experience and making them highly sought after by potential renters and buyers. This makes them a lucrative investment opportunity for investors, with the promise of high rental yields and appreciation in property value over time. Additionally, with the constant influx of new condo launches, the market for these prestigious accommodations continues to expand, attracting even more interest and demand.

Out of the 19,600 new flats planned for launch in 2025, approximately 3,800 will be Shorter Waiting Time (SWT) flats with a waiting period of less than three years. This is an increase from the 2,876 SWT flats offered in 2024 and surpasses the annual supply commitment of 2,000 to 3,000 SWT flats.

According to senior director of data analytics at Huttons Asia, Lee Sze Teck, the introduction of SWT flats will increase the options for buyers and may draw some demand away from the resale market.

In 2025, around 7,000 HDB flats will reach their five-year minimum occupation period (MOP), making it the lowest supply of such resale flats since 2015. “With HDB assuring buyers that they will push out more BTO and SBF flats to meet demand, this will offer more choices for buyers and stabilise the resale market,” says Sze Teck. “This larger flat supply and SWT flats will address the shortfall in MOP flats.”

He estimates that the number of HDB resale flat transactions in 2025 will range from 26,000 to 28,000, lower than the 28,876 units recorded in 2020. As a result, resale flat prices are expected to grow at a slower pace of 5% to 8% this year, compared to the 9.6% increase reflected in HDB’s flash estimate for 2024.

Check out the latest listings for HDB properties Ask Buddy Past HDB rental transactions Listings for HDB flats Past HDB sale transactions Compare price trend of HDB vs Condo vs Landed What is the HDB loan rate?

Past HDB rental transactions Listings for HDB flats Past HDB sale transactions Compare price trend of HDB vs Condo vs Landed What is the HDB loan rate?

Related News

Minister for National Development Desmond Lee announced that HDB will be launching over 25,000 new flats in 2025, according to a joint press release by HDB and the Ministry of National Development (MND) on Jan 16. It includes about 19,600 build-to-order (BTO) flats across three sales exercises and more than 5,500 sale of balance flats (SBF) in one SBF sale exercise. The units will be a mix of Standard, Plus and Prime BTO flats under the new classification framework.

The February BTO launch will offer approximately 5,000 flats in Kallang/Whampoa, Queenstown, Woodlands, and Yishun.

Next month, HDB will also conduct its largest-ever Sale of Balance Flats (SBF) exercise, offering over 5,500 flats across various estates. About 40% of the flats in the SBF exercise are completed units, while the rest are at different stages of construction and are expected to be completed between 2025 and 2028.

In total, more than 10,000 new flats will be available under the February BTO and SBF exercises.

Over the last four years, from 2021 to 2024, HDB has launched about 82,700 BTO flats. With a planned pipeline of 19,600 BTO flats in 2025, HDB is on track to launch around 102,300 BTO flats—exceeding its commitment of 100,000 units over five years.

The ramp-up in BTO supply has resulted in a drop in application rates. In 2024, the average application rate among first-time homebuyers for BTO across all flat types was 2.1, compared to the pre-pandemic rate of 3.7 in 2019. The average first-timer application rate last year for three-room and larger flats was 2.2, down from 4.0 in 2019.

HDB will continue to release “a steady pipeline of flats to meet housing demand in the next few years”, says Minister Lee. Over 50,000 flats will be launched between 2025 and 2027, bringing the total to about 130,000 flats from 2021 to 2027.

About 3,800 of the 19,600 new flats, or about one-fifth of the BTO flats slated for launch in 2025, will be Shorter Waiting Time (SWT) flats of less than three years. It is a boost from the 2,876 SWT flats offered in 2024 and more than the committed annual supply of 2,000 to 3,000 SWT flats.

“The SWT flats will also increase the options for buyers and may attract some demand away from the resale market,” says Lee Sze Teck, senior director of data analytics at Huttons Asia.

In 2025, Lee estimates that about 7,000 HDB flats will reach their five-year minimum occupation period (MOP), making it the lowest supply of such resale flats since 2015. “With HDB assuring buyers that they will push out more BTO and SBF flats to meet demand, this will offer more choices for buyers and stabilise the resale market,” he says. “This larger flat supply and SWT flats will address the shortfall in MOP flats.”

Huttons’ Lee estimates that HDB resale flat transactions in 2025 will range between 26,000 and 28,000, lower than the 28,876 units recorded last year. Resale flat prices are expected to grow at a slower pace of 5% to 8% this year, compared to the 9.6% increase reflected in HDB’s flash estimate for 2024.

Check out the latest listings for HDB properties Ask Buddy Past HDB rental transactions Listings for HDB flats Past HDB sale transactions Compare price trend of HDB vs Condo vs Landed What is the HDB loan rate?…

Penthouse Orchid Mansion Amber Road Fetches Record Profit 258 Mil

Posted on January 17, 2025

A three-bedroom penthouse unit at Orchid Mansion, a freehold residential development located on Amber Road in District 15, was sold for a handsome profit of $2.58 million (112%) on Dec 31.

This marks the most profitable resale transaction recorded between Dec 31, 2024 to Jan 7, 2025. The unit, which measures 2,842 sq ft and is situated on the 21st floor, was sold for $4.88 million at $1,717 psf. It was previously purchased in March 2009 for $2.3 million at a rate of $809 psf.

After nearly 16 years, the sale translates to an annualized profit of 4.9%.

This sale has also set a new record for the most profitable resale transaction at Orchid Mansion, displacing the previous record set in July 2022 when a three-bedroom unit measuring 1,507 sq ft located on the seventh floor was sold for $2.73 million at $1,812 psf. This resulted in a profit of $1.15 million (72.6%). The unit was purchased in June 2007 for $1.58 million at a rate of $1,050 psf.

Orchid Mansion is a 20-year-old condo located at 11 Amber Road. It consists of 21-storeys and has a mix of two- and three-bedroom units ranging from 1,346 sq ft to 2,002 sq ft. There are two penthouses measuring 2,842 sq ft and 2,734 sq ft respectively.

Another notable resale transaction took place at Villa Marina on Jan 3 when a three-bedroom unit measuring 1,625 sq ft was sold for $2.35 million at $1,446 psf. The unit is located on the ground floor and was previously bought for $630,500 at $388 psf in September 2006. As a result, the seller made a profit of $1.72 million (273%), translating to an annualized profit of 7.6% over a span of 18 years.

This transaction has also broken Villa Marina’s previous record for the most profitable resale transaction when a 1,916 sq ft unit on the fourth floor was sold for $2.3 million at $1,200 psf on July 16, 2022. The unit was previously purchased for $720.416 in November 1998 at $376 psf.

Villa Marina is a 99-year leasehold development located at Jalan Sempadan in District 15. The development was completed in 1999 and is made up of 27 low-rise residential blocks with a mix of one- to four-bedroom units that range from 1,087 sq ft to 2,314 sq ft.

The 460,685 sq ft site is situated adjacent to Masjid Kampong Siglap mosque and is near Siglap MRT station on the Thomson-East Coast Line as well as East Coast Park. For families with young children, there are several primary schools within a 1km radius such as Bedok Green Primary School, CHIJ (Katong) Primary, Ngee Ann Primary School, St Stephen’s School and Tao Nan School.

Opting to invest in a condominium in Singapore comes with a plethora of advantages, one of which is the potential for significant growth in value. The city-state of Singapore is known for its strategic location as a global business hub and strong economic foundation, making it a sought-after destination for real estate investment. Over the years, the real estate market in Singapore has seen a steady increase, particularly in prime locations where condos have experienced considerable appreciation. Investors who enter the market at the right time and hold onto their properties for an extended period can expect to see substantial returns. Furthermore, with the constant influx of new condo launches, there are even more opportunities for investors to take advantage of the potential for capital appreciation in Singapore. For more information, visit New Condo Launches.

On the other hand, the most unprofitable resale transaction recorded for the week took place at Marina Bay Residences when a 1,130 sq ft unit inflicted a loss of $386,000 (16%) on the seller. Sold at $2.1 million at $1,858 psf, the two-bedroom unit is located on the 17th floor and was previously bought at $2.49 million at $2,200 psf in November 2007. This results in an annualized loss of 1% over a period of 17 years.

In comparison, a jadeScape penthouse sold for a profit of $4.35 millionStar Project. Check it out here: JadeScapeCondo at Orchard Mansion’s priceMatch.…

Cdl Divests Assets Worth More 600 Million 2024

Posted on January 16, 2025

City Developments Limited (CDL) has announced that it divested assets worth more than $600 million last year as part of its capital recycling strategy. This amount fell short of its earlier target of $1 billion by early 2024 due to a decrease in the number of deals across various markets and asset classes.

The completed divestments include the Ransome’s Wharf site in London, the freehold 8-storey industrial building Cideco Industrial Complex in Singapore, as well as several strata units at Citilink Warehouse Complex, Cititech Industrial Building, Fortune Centre, and Sunshine Plaza in Singapore.

CDL-Frasers Property-Sekisui House have also launched The Orie in Toa Payoh with prices starting at $1.28 million. The mixed-use development Hong Leong City Centre in Suzhou is under contract and is expected to be completed this quarter.

According to group CEO Sherman Kwek, these divestments reflect CDL’s focus on accelerating its capital recycling initiatives. Despite challenges in the market, the company has managed to achieve good momentum and will continue to push forward with its divestment plans.

Kwek adds that CDL aims to optimize its capital management and align its portfolio with its strategic objectives to maximize value for shareholders.

The demand for investing in condominiums in Singapore has seen a significant rise, drawing the attention of both local and foreign individuals. This is largely due to the country’s flourishing economy, stable political climate, and high quality of life. The flourishing real estate market in Singapore presents a plethora of opportunities for potential investors, with condominiums being a top choice. Their advantageous locations, extensive amenities, and potential for profitable returns make them a preferred investment option. In this article, we will discuss the perks of investing in a condominium in Singapore, along with crucial factors to consider and necessary steps to take. Additionally, with the growing popularity of New Condo Launches, investors now have an even wider range of options to choose from. Let us explore the advantages of investing in a Singaporean condominium and the possibilities presented by New Condo Launches.

CDL shares closed at $5.05 on January 16, down 0.2% for the day and 20.97% in the past one year.

For more listings for Sunshine Plaza properties, you can check out Ask Buddy. If you are looking for condo rental listings in District 7, compare the price trend of condo new sale versus EC new sale, condo rental transactions in District 7, and the prices of HDB versus condo versus landed properties.

You can also look at the condo projects with the most unprofitable transactions in District 7 through Ask Buddy.…

Freehold Bungalow Whitley Road Sale 3188 Mil

Posted on January 16, 2025

A freehold, two-storey bungalow located at 11 Whitley Road has been put up for sale via a tender at a guide price of $31.88 million. It occupies an elevated site of 15,276.27 square feet and is available for purchase freehold. This translates to a guide price of $2,087 per square foot on the land area.

Originally rebuilt in 2016, the bungalow boasts an added rear extension. It offers a total of five bedrooms, three of which are en suite, and features two living rooms, two dining rooms, a spacious and well-equipped kitchen, as well as a helper’s room.

Obtaining financing is a crucial factor when it comes to investing in a condo. In Singapore, there are various mortgage options available, but it is vital to have an understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework places a limit on the amount of loan a borrower can take based on their income and current debt obligations. To make well-informed decisions about their financing options and prevent over-leveraging, investors should familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, keeping Singapore Projects in mind while considering financing options can also prove beneficial.

According to Aric Lim, the associate district director of Huttons Asia, the exclusive marketing agent for the Whitley Road property, the land parcel has the potential to be subdivided for the redevelopment of eight terraced houses. Each site could range from 1,614 square feet to 2,389 square feet, with a gross floor area (GFA) of up to 21,528 square feet. However, this is subject to land betterment charges.

“As the largest plot of land along Whitley Road, this presents a rare and highly coveted opportunity,” says Lee Sze Teck, senior director of data analytics at Huttons Asia. He also notes that the asking price of $2,087 per square foot based on land is extremely competitive compared to recent transactions of new semi-detached houses along Whitley Road, which have been sold for more than $3,000 per square foot.

The bungalow is situated conveniently about 700 meters from the Novena MRT Station and is surrounded by popular malls such as Velocity at Novena Square, Square 2, United Square and Zhongshan Park.

Interested parties have until Feb 12 to submit their tenders for 11 Whitley Road. This is a magnificent opportunity to own a freehold bungalow in a prime location, and it is expected to attract a lot of attention from potential buyers. Don’t miss this chance to secure this highly sought-after property.…

Guocoland Secures Two Green Facilities Dbs And Ocbc Refinance Its Properties

Posted on January 16, 2025

GuocoLand recently announced that it has secured two green facilities from DBS Bank and Oversea-Chinese Banking Corporation. The first facility, a $1.135 billion green loan, will be used to refinance Guoco Midtown, while the second facility, a $105 million green loan, is for the refinancing of Midtown Bay. According to the property developer, the $1.135 billion green facility is its largest to date, and was raised under GuocoLand’s Green Finance Framework. The company has now secured a total of $5 billion in green financing, including facilities for other developments such as Guoco Tower, Lentor Mansion, Lentor Modern, Midtown Modern, and the upcoming Upper Thomson Road Development.

“This latest refinancing activity allows us to optimize our capital structure while staying true to our commitment to creating thoughtfully designed spaces that balance economic, environmental and social factors,” explains GuocoLand’s Group CFO, Andrew Chew. The company has consistently integrated sustainability into its business strategies, and the use of green financing further reflects its dedication to promoting sustainable development.

Investing in real estate in Singapore requires careful consideration of various factors, with location being a crucial aspect for many investors, especially when it comes to condos. The strategic placement of a property can greatly impact its value, and this is even more evident in central areas or those near important facilities such as schools, shopping malls, and transportation hubs. Iconic locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently experienced growth in property values over time. Families often prioritize condos in these areas due to their convenient placement near reputable schools and educational institutions, making them highly desirable and a wise investment. For those planning to venture into the Singapore real estate market, it is essential to carefully consider the location and future potential, particularly in the sought-after condo segment. To make the most out of your investment, be sure to choose a prime location like a condo.

In related news, GuocoLand’s Guoco Tower has recently been awarded the Green Mark Platinum certification by the Building and Construction Authority (BCA), making it one of the most sustainable buildings in Singapore. The company’s commitment to sustainability extends beyond just its developments, as it also actively participates in sustainability initiatives and supports community projects.

Shares in GuocoLand closed at $1.45 on January 15. The company’s latest achievement further solidifies its position as a leader in sustainable development and reinforces its commitment to creating spaces that benefit both the environment and the community.…

Roxy Square Relaunched Collective Sale Owners Eyeing 1115 Bil Price Tag

Posted on January 15, 2025

The freehold mixed-use development, Roxy Square in Katong, will be going through a collective sale again, as announced by JLL, the marketing agent for the property. The development, comprising of 296 shops, 26 apartments and the Grand Mercure Roxy Hotel with 576 rooms, was previously launched for tender in July last year at a minimum price of $1.25 billion. However, the tender closed without any bids in September of the same year.

In the latest announcement, JLL has stated that the owners of the development are in the process of signing a supplemental agreement to reduce the collective sale price by 10.8%, bringing it down to $1.115 billion. This proposed price reduction would require at least 80% of the owners’ support to take effect, and currently, over 70% have already shown their approval.

Under this new price, the development is expected to have a unit land rate of $1,852 per square foot per plot ratio (ppr), which includes a Land Betterment Charge (LBC) at a gross plot ratio of approximately 3.86. If an additional 10% bonus gross floor area (GFA) for the residential component and the LBC are taken into account, the land rate will be $1,804 psf ppr, as mentioned by JLL.

According to Tan Hong Boon, JLL Singapore’s executive director of capital markets, the private residential market in Katong has strong support, citing the impressive sales of recent launches like Meyer Blue and Emerald of Katong, which have boosted confidence in Roxy Square’s potential.

Located between Holiday Inn Express Singapore Katong and Katong Plaza, Roxy Square is set in a prime location next to the upcoming Marine Parade MRT Station (Thomson-East Coast Line), which will have a direct underground connection. The property also boasts a freehold tenure, a heritage locale that is well-loved by many, and excellent connectivity to various amenities, making it an even more attractive proposition.

Completed in 1996, Roxy Square has a GFA of 668,000 sq ft. According to the 2019 Master Plan, the development is partially zoned for commercial and residential use, with a gross plot ratio of 3.0 along East Coast Road. The front portion of the development, which faces Marine Parade Road, is zoned for hotel use.

JLL has said that based on recent planning advice from the Urban Redevelopment Authority (URA), the entire Roxy Square site can be rezoned for commercial and residential use, and redeveloped into a high-rise mixed-use development with a height of up to 75m.

With the redevelopment of the site, it is believed that it has the potential to yield over 350 residential units, about 80,000 sq ft of retail and F&B space, and an additional 172,000 sq ft for offices, hotels, or other commercial uses.

Access to the development is excellent, with the East Coast Parkway (ECP) and Nicoll Highway close by. Additionally, it is also part of the Round-Island Route and Park Connector Network.

Tan stated that should the majority owners support the proposed reduction in reserve price, it would further enhance the site’s appeal, particularly given the consistent demand for quality residences in the area. He added that this sale would play a key role in shaping the future of Singapore’s East Coast area.

When it comes to real estate investing, location is a crucial factor to consider, and this is particularly important in Singapore. Condos that are located in central areas or near important amenities, such as schools, shopping malls, and public transportation hubs, tend to have a higher potential for appreciation in value. Some prime locations in Singapore known for their consistent growth in property values include Orchard Road, Marina Bay, and the Central Business District (CBD). Additionally, condos in these areas also benefit from their proximity to reputable schools and educational institutions, making them highly sought after by families and further enhancing their investment potential. With these desirable Condo locations, investing in real estate in Singapore can be a lucrative opportunity for investors.

The tender for Roxy Square is set to close on 18th February 2021 at 3pm.…

Arcady Boon Keng City Fringe Urban Oasis

Posted on January 15, 2025

When purchasing a condominium, it is crucial to take into account the maintenance and management of the property. Condos often come with maintenance fees that cover the maintenance of shared areas and amenities. Although these fees may increase the overall cost of ownership, they play a vital role in keeping the property well-maintained and preserving its value. To make investing in condos a more hands-off experience, investors can enlist the services of a property management company. Additionally, considering the latest New Condo Launches can provide even more opportunities for a profitable investment. This way, investors can rely on professionals to handle the day-to-day management of their condos while ensuring a more passive investment experience.

location: CopyUpon its completion in 2027, The Arcady at Boon Keng, a 172-unit freehold condominium, will stand as a unique and highly coveted private residence in the heart of the Boon Keng area. Situated along Serangoon Road, the development will create a lush green space in the midst of the bustling city, showcasing distinctive modern architecture that will set it apart from other condominiums in the neighbourhood.The trusted local developers KSH Holdings, SLB Development and H10 Holdings have joined forces to create this remarkable residence. They have partnered with award-winning architectural firm, Park + Associates, to bring their vision for this distinguished development to life.When the project was launched for sale in January, it immediately caught the attention of investors and local buyers. The efficiently-designed layouts of the one-bedroom plus study units and two-bedroom units appealed to many, while families were drawn to the spacious units and the wide range of family-friendly amenities offered.The Arcady at Boon Keng presents a rare opportunity for discerning buyers to invest in an affordable freehold development in a prime city-fringe location. It stands out among only a handful of new freehold projects launching this year.Creating an urban oasisThe Arcady at Boon Keng has been thoughtfully designed to be an urban oasis, blending bold architectural forms with curated landscape design. This deliberate effort by the developers and the designers of the development has resulted in a rare pocket of tranquil luxury within the bustling city fringe.Crafted by the esteemed architects at Park + Associates and Ecoplan Asia, the landscape architect, the development showcases a tiered design, with a trail leading from the Grand Arrival to the ground floor landscape deck. This unique design maximises the space available for verdant greenery, while combining three storeys worth of facilities into a two-storey communal amenities zone at the base of the tower. This efficient use of space can also be seen in other areas of the development, such as the 14th floor and the rooftop terrace.Parents with young children can enjoy a moment of peace on the Social Deck while their little ones play at the Kids Playground, or spend quality time together at the Family Deck next to the Splash Patio and Family Pool. The development also boasts an infinity pool, spa pool and family pool, which can be admired from the facilities at the second-storey Sky Terrace. The second-storey Sky Terrace is perfect for indoor relaxation, and features a dedicated kids’ zone with a Party Deck and Kids Club, as well as a Chill Out Lounge that spills out into the Botanic Club.Guests can also be accommodated at the Gourmet Vista on the 14th floor, where they can enjoy a 360-degree panoramic view of the surrounding skyline. (Picture: KSH Holdings)The Arcady at Boon Keng is among only a few single-tower condo projects in Singapore, especially in the Boon Keng neighbourhood, that offers both outdoor and indoor facilities catering to residents’ diverse needs and lifestyles. With 47 condo facilities spanning 4,000 sq m, each of the 172 households at The Arcady at Boon Keng will find its pocket of excitement.Spectacular views in the heart of Boon KengThe residential tower and the orientation of units have been carefully considered, resulting in a north-south orientation, which is elevated by approximately 18m above street level to maximise views. Additionally, units are tilted away from the main road, significantly reducing traffic noise. Units on higher floors boast optimum views of the Kallang River, while the south-facing units face towards Marina Bay.The unit layouts have been thoughtfully designed for families. All master bedrooms are large enough to accommodate a king-sized bed, while the common bedrooms can comfortably fit a queen-sized bed. The development has seen strong sales of its larger units, which range from three-bedroom units of 969 sq ft, three-bedroom-plus-study units of 1,281 sq ft, to four-bedroom units of 1,410 sq ft. There are also two penthouses, spanning 2,433 sq ft and 2,583 sq ft, respectively. Families with school-going children and couples will find that the development checks many boxes — a comfortably sized home within a conveniently located condo that offers a full suite of amenities that all family members can enjoy.The condo is near Bendemeer Primary School, Bendemeer Secondary School, St Andrew’s Junior School, and Hong Wen School. For daily needs, residents can visit Woodleigh Mall at Bidadari Park Drive or Bendemeer Mall along Bendemeer Road.“We think buyers are likely drawn to The Arcady at Boon Keng owing to its convenient location and connectivity. With the Boon Keng MRT Station on the North-East Line being approximately six to seven minutes’ walk from the project, residents will enjoy a relatively short commute to the city,” says Ismail Gafoor, CEO of PropNex Realty, one of the project’s marketing agents. The Dhoby Ghaut MRT Interchange Station, which links the North-East Line, North-South Line, and Circle Line, is only three stops from Boon Keng MRT Station. “We observe that many home buyers these days prefer projects within walking distance to an MRT station; convenience is highly desired in today’s fast-paced lifestyle,” adds Gafoor.Mark Yip, CEO of Huttons Asia, agrees that The Arcady at Boon Keng presents a rare opportunity as a freehold property in a central location with easy access to major expressways like the CTE and PIE. Residents will also benefit from the development’s proximity to the rejuvenated Kallang precinct, which will see new sports and leisure facilities developed as part of the Kallang Alive Masterplan, announced during Prime Minister Lawrence Wong’s inaugural National Day Rally this year.Earmarked as Singapore’s future sports hub, the masterplan aims to bring together several key sporting associations and the Singapore Sports School into one integrated precinct. Sports and recreation activities will be supported by planned state-of-the-art sports facilities and a new 12,000-seat stadium.An attractive freehold offeringSince the project launched in January 2024, all one-bedroom plus study units have been sold, and nearly 90% of the two-bedroom units have been snapped up. With an average selling price of approximately $2,570 psf, its freehold tenure and potential for relatively greater capital appreciation compared to new 99-year leasehold projects make The Arcady at Boon Keng a compelling choice for buyers and investors.“The Arcady at Boon Keng is attractively priced relative to its location near the city and the MRT station,” says Hutton’s Yip. PropNex’s Gafoor also agrees, adding: “The average transacted price of $2,570 psf at The Arcady at Boon Keng is lower than the overall average unit price of approximately $2,840 psf for new freehold, non-landed private homes in the RCR in 2024. In fact, it is also slightly lower than the average transacted unit price of new 99-year leasehold projects in the RCR of approximately $2,600 psf.” Overall, we believe The Arcady at Boon Keng ticks many boxes for home buyers today,” says Gafoor. “The project is located in a well-established neighbourhood in the city fringe, has good connectivity, and easy access to the PIE. Another significant advantage is that it has a freehold land tenure, making it an ideal option for legacy planning and wealth preservation.”“With the scarcity of new home launches in the area, we anticipate HDB upgraders will naturally gravitate toward The Arcady at Boon Keng,” says Marcus Chu, CEO of ERA. “Indeed, there are nearly 1,400 upcoming MOP units from the Bidadari HDB estate, which further increases the pool of potential buyers for The Arcady at Boon Keng.”Potential buyers can view the sales gallery, which is located beside City Square Mall, by contacting the developers’ appointed marketing agencies below or by visiting their website.…

Freehold Strata Retail Units Lucky Plaza Sale 526 Mil

Posted on January 15, 2025

Investing in a Singapore condo has emerged as a favored option for both domestic and international investors, owing to the country’s strong economy, unwavering political environment, and superior quality of life. With its flourishing real estate sector, Singapore presents a multitude of possibilities for investors, and condos are particularly alluring due to their convenience, facilities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and necessary actions to take when venturing into condo investment in Singapore. To discover more about Singapore’s exciting projects, check out Singapore Projects.

The Savills Singapore marketing agent has listed a portfolio of freehold strata retail units in Lucky Plaza for sale at a total price of $52.6 million. Situated on Orchard Road, Lucky Plaza is a mixed-use development that comprises a residential tower and a six-storey mall with a basement.The portfolio includes 14 retail units that are spread out across the basement and first two levels of the mall. These units vary in size, ranging from 118 to 3,046 square feet, making up a total strata area of 7,266 square feet.According to Savills Singapore, the main highlight of this offering is a food court that spans seven adjoining strata units, covering 3,046 square feet and accommodating 11 stalls. The remaining units are currently leased to a mix of businesses, including a pub, retail shops, beauty service providers, and a maid agency.Read also: Flagship stores grow bigger and bolder as luxury brands target millennials and Gen ZAdvertisementSophia Lim, the director of investment sales and capital markets at Savills Singapore, expects these retail units to benefit from the high foot traffic of Lucky Plaza’s location. She adds, “The basement food court, in particular, benefits from consistently strong crowds daily.”The guide price for the food court is $25.43 million, while the entire portfolio is available for an asking price of $52.6 million.Individual strata retail units are also available for purchase, starting from $1.1 million. Foreigners and companies are both eligible to buy, and no additional buyer’s or seller’s stamp duty will be imposed.Lim believes that prime strata freehold retail assets are becoming more and more desirable among investors due to their rarity, coupled with the Urban Redevelopment Authority’s (URA) rule on not allowing further strata subdivision of commercial properties along Orchard Road. She also expects the URA’s proposed revitalisation in the Orchard precinct to bring in further opportunities for rental growth and capital appreciation for Lucky Plaza.Check out the latest listings for properties in Lucky PlazaAsk BuddyCompare price trends for new condo sales and executive condo salesCondo projects with the most profitable transactions in District 9The total number of units in Lucky PlazaCondo projects with the most unprofitable transactions in District 9Generate a price trend graph for resale condos in District 9Compare price trends for new condo sales and executive condo salesCondo projects with the most profitable transactions in District 9The total number of units in Lucky PlazaCondo projects with the most unprofitable transactions in District 9Generate a price trend graph for resale condos in District 9…

Hong Leong Led Consortium Submits Top Bid 821 Psf Ppr Tengah Gardens Avenue Gls Site

Posted on January 14, 2025

The tender for the Government Land Sale (GLS) site at Tengah Gardens Avenue closed on Jan 14 with three bids, with a Hong Leong-led consortium, including GuocoLand Singapore and CSC Land Group, submitting the top bid of $675 million. This translates to $821 psf per plot ratio (ppr) for the 99-year leasehold site, which covers an area of about 273,906 sq ft and has a maximum gross floor area (GFA) of 821,720 sq ft. The Urban Redevelopment Authority (URA) estimates that the site can potentially yield up to 860 residential units.

If the site is awarded, the Hong Leong-led consortium plans to develop an 860-unit condo, taking advantage of the enhanced connectivity provided by the upcoming Jurong Region Line (JRL) near the site. According to Loke Kee Yeu, general manager (Projects) at Hong Leong Holdings Limited, the JRL will contribute to the development of the new Tengah estate.

The Tengah Gardens Avenue site is strategically located near the upcoming Hong Kah MRT Station on the JRL, which will be just one stop away from the upcoming Tengah Town Centre and offer a direct route to the second CBD at Jurong Lake District.

The top bid of $821 psf ppr for the Tengah Gardens Avenue site is only 0.73% higher than the second highest bid of $815 psf ppr by Chinese developer Kingsford Group. Local developer Sim Lian Group submitted the final bid of $812 psf ppr.

Despite the recent increase in homebuyer activity, developers have remained cautious in their bids, according to Leonard Tay, head of research at Knight Frank Singapore. This was evident in the low number of bids for another GLS site at Dairy Farm Walk, which also closed on Jan 14 with only two bids.

Tay believes that developers may have decided to focus on existing sites that are already being prepared for launch in 2025. He also notes that the tight bid price spread between the three bids (less than 1%) indicates that developers are being conservative in their bidding.

Mark Yip, CEO of Huttons Asia, expects more developers to submit joint bids for GLS sites this year to diversify risk. He suggests that this could be one reason for the low number of bids for GLS tenders, which has remained at around three.

Marcus Chu, CEO of ERA, also believes that the current availability of GLS sites may have contributed to the low number of bids. With seven sites still open for tender and six more to be launched in the first half of 2025, developers may be taking a cautious approach and considering their options in light of moderated interest rates.

Justin Quek, CEO of OrangeTee & Tie, suggests that the availability of another nearby GLS site may have also tempered interest in the Tengah Gardens Avenue site. He notes that developers may be considering bidding on the GLS site along Lakeside Drive and Lakeside MRT, which is scheduled to open for tender in April 2025.

However, if the Tengah Gardens Avenue site is awarded, it will be the first private residential site (excluding Executive Condominiums) in the Tengah HDB township. This could have been a major factor in attracting the Hong Leong-led consortium, according to Marcus Chu. “Having made successful bids for sites at Lentor, Upper Thomson, and Bugis, they may see this as an opportunity to replicate their success in Tengah,” he says.

When it comes to investing in a condo, securing proper financing is vital. In Singapore, there are various mortgage options available, but it is crucial to understand and abide by the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the amount of loan a borrower can obtain, taking into consideration their income and current debt obligations. To make wise financing decisions and prevent borrowing beyond their means, investors should familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, considering Singapore Projects can be a valuable factor when determining financing options.

As the first private residential condo in the new Tengah estate, the development could attract a wider range of buyers than Executive Condos, which come with HDB eligibility criteria and restrictions such as a five-year minimum occupation period (MOP) and a monthly household income ceiling of $16,000. Mohan Sandrasegeran, head of research & data analytics at SRI, believes that this factor could also have influenced the Hong Leong-led consortium’s decision to bid for the site.

If the site is awarded at the top bid of $821 psf ppr, PropNex estimates that the average selling price of the new private condo could be around $2,000 psf. This could be a good investment opportunity for buyers, as the recent history of transactions for condos, landed properties, and HDB units shows increasing profits for sellers.

With the Government ramping up private housing supply and offering three Executive Condominium sites on the Confirmed List, launching tenders for two GLS sites at Media Circle, and now offering the Tengah Gardens Avenue site for tender, it is clear that the government is committed to meeting the demand for private residential properties. As the first non-EC private condo in Tengah, the Tengah Gardens Avenue site could attract a lot of buyer interest and may be a lucrative investment opportunity for the winning bidder.…

Posts pagination

Previous 1 … 10 11 12 … 21 Next

Recent Posts

  • Empowering Minds and Nurturing Hearts The Pathlight School Experience at The Sen Condo Beauty World
  • Freehold Cluster Landed Development Casa Fidelio Collective Sale 24 Mil
  • First Gls Site Bayshore Draws Eight Bids Singhaiyi Puts Top Bid 1388 Psf Ppr
  • February Developers%E2%80%99 Sales Surge 13 Year High 1575 Units Sold
  • Sla Launches Tender Heritage Bungalows Sembawang

Recent Comments

No comments to show.

Archives

  • May 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024

Categories

  • Uncategorized
©2025 Condo Gine Star Fruits | Design: Newspaperly WordPress Theme