Month: January 2025

A freehold 15-room loft hotel located at 739-1 Geylang Road in District 14 is currently available for sale at $14 million. This 2-storey property comes with a newly constructed 4-storey addition at the back, sitting on a 1,273 sq ft land size. The approved gross floor area (GFA) for this establishment is up to 3,186 sq ft.

When buying a Singapore Condo, it is crucial to take the maintenance and management of the property into consideration. These types of properties usually come with a maintenance fee, which covers the upkeep of common areas and facilities. While this may increase the overall cost of ownership, it also guarantees that the property maintains its value and remains in good condition. To make the investment more passive, investors can enlist the services of a property management company to handle the day-to-day management of their Singapore Condo.

One of the major selling points of this hotel is its permanent ‘Hotel’ zoning and usage approval. In Singapore, this is a rare and highly sought-after designation for new conservation shophouses usage conversion. This approval adds to the property’s long-term investment appeal and operational flexibility. Additionally, the prime location of the hotel, within a 5-minute walking distance from Paya Lebar MRT station, provides unparalleled connectivity. Paya Lebar MRT station is a dual-line station, serving both the East-West line and Circle line, making it easy for guests to access different parts of Singapore.

The hotel has been designed with a sophisticated Japandi theme and is currently undergoing construction with projected completion by Q2 2025. The sale price includes all construction and renovation costs, making the property ready for immediate operation upon purchase. This makes it an attractive turnkey investment for individuals interested in entering or expanding their presence in the hospitality sector.

For investors, this property presents an excellent proposition. The current owner, an experienced hotel operator, is open to a sale and leaseback arrangement, providing an opportunity for rental income and operational continuity. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., expects the hotel to appeal to owner-operators as they can benefit from major renovations, allowing for a quick and seamless start of operations.

The demand for hospitality assets in Singapore has steadily increased over the past year. Notable transactions include LHN Group’s purchase of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. Last year, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million. Hotel JJH, a 25-room property at 747 North Bridge Road, is also currently on the market for $38 million. These trends demonstrate the strong demand for well-located, high-quality hospitality assets, making this property one of the most desirable commercial shophouse usage classes in Singapore.

For more information about this property, please contact Eva Lau at 92785688. Eva is a Senior Marketing Director at ERA Realty Network Pte. Ltd. (license number R062169F).…

Investing in a condo has its perks, one of which is the opportunity to leverage the property’s value for future investments. A lot of investors take advantage of their condos by using them as collateral to secure additional funding for new investments, ultimately growing their real estate portfolio. This approach can potentially increase profits, but it also carries certain risks. Therefore, it is essential to have a solid financial plan and carefully consider the potential consequences of market fluctuations. With condo investment, there is a chance for exponential growth, but it’s vital to be financially prepared for any potential challenges that may arise.

JLL has announced the appointment of James Cameron as the new head of energy and infrastructure for Asia Pacific within its capital markets business line. In this newly created position, Cameron will be based in Singapore.

According to a press release published on January 14, Cameron will be responsible for building a team in the Asia Pacific region. His appointment comes as part of JLL’s long-term strategy to facilitate the infrastructure and renewable energy development that is required to meet the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

JLL sees Cameron’s appointment as a way to enhance its global capital advisory capabilities and better serve both local and international developers and investors. Cameron’s role will complement JLL’s existing EMEA Energy & Infrastructure business and create a strong global presence.

Stuart Crow, CEO of capital markets for JLL Asia Pacific, says, “We see significant opportunity to leverage our unique expertise in mobilising multiple sources of capital and JLL’s unrivalled track record in advising renewables transactions globally to serve clients within energy and infrastructure across Asia Pacific.”

Cameron brings over 25 years of real asset capital markets experience to JLL. He was previously the global head of commercial real estate at Standard Chartered Bank. His experience ranges from mobilising private and public equity to financing large infrastructure and renewable energy projects on a global and regional scale.

In his new role, Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams across the region. He will focus on identifying and securing capital raising and transaction advisory opportunities for large infrastructure and renewable projects. This includes serving institutional investors, private equity firms, asset managers, strategic infrastructure and renewable operators and developers, high net-worth individuals, and family offices.

Crow says, “James’ experience in this exciting space is unmatched regionally, and we’re extremely confident in his ability to establish JLL’s leadership position through his expertise and client relationships.”

The real estate industry continues to evolve and adapt to new challenges and opportunities. JLL’s appointment of James Cameron is a strategic move that will position the firm as a leader in the energy and infrastructure sector in the Asia Pacific region. With Cameron’s expertise and JLL’s track record, the firm is well-equipped to serve the growing demand for sustainable and innovative real estate solutions.…

Two adjacent Good Class Bungalows (GCBs) situated at 52 and 54 Belmont Road in the sought-after Belmont Park GCB area are now available for sale through expression of interest (EOI). According to sources, the owners of the GCBs are believed to be relatives. These freehold properties sit on a combined land area of 41,741 square feet and have an indicative price of $88.8 million, translating to $2,128 per square foot on the land area. The combined plots enjoy a 44-meter frontage along Belmont Road and have an average depth of 66 meters, as reported by Sakal Real Estate Partners, the marketing agent for the sale.

A map of 52 Belmont Road, shaded in grey can be seen in the article.”We believe this site would be attractive to families looking to construct a new home for multi-generational or extended family living,” says Lennon Koh, senior director at Sakal. “In addition to homeowners, this property is also suitable for developers seeking to tap into the exclusive GCB market.” A recent transaction on Belmont Road, based on URA caveats, occurred in December 2020 when a GCB occupying a land area of 19,549 square feet was sold for $40 million (equivalent to $2,046 per square foot).

Based on caveats lodged with URA, the most recent transaction on Belmont Road occurred last December when a GCB occupying a land area of 19,549 sq ft fetched $40 million ($2,046 psf).

In July 2024, a pair of adjacent GCB plots on Belmont Road were sold for $131.4 million or $3,000 psf based on the combined land area of 43,790 sq ft. Similarly, a GCB at Bin Tong Park with a land area of 28,111 sq ft fetched $84 million ($2,988 psf) in April.

It is essential for international investors to have a thorough understanding of the guidelines and limitations surrounding property acquisition in Singapore. While foreigners usually face minimal restrictions in purchasing condominiums, the same cannot be said for landed properties, which have stricter ownership regulations. Additionally, foreign buyers are also required to pay the Additional Buyer’s Stamp Duty (ABSD), currently set at 20%, for their initial property purchase. However, despite these extra expenses, the reliability and potential for growth in the Singapore real estate market continue to draw in foreign investments. In fact, Singapore Projects are highly sought after by international investors due to the country’s stable and thriving real estate market.

Sakal adds that the demand for GCBs remains strong, and the Belmont Road GCBs are expected to attract a high level of interest due to their prime location. “The estimated total value of GCB transactions in 2024 of $1.32 billion exceeded that of 2023 ($433 million) and 2022 ($1.18 billion), and we expect more transactions in 2025,” says Steven Ming, managing director at Sakal.

The EOI exercise for the GCBs will close on March 13 at 3pm.…

Real estate consultancy firm JLL has recently announced the appointment of James Cameron as the new head of energy and infrastructure for Asia Pacific, in their capital markets division. The position will be based in Singapore, as disclosed in a press release on January 14.

Cameron’s main responsibility will be the establishment of a team in Asia Pacific to support the firm’s growing business in the region. This move is expected to enhance JLL’s existing Energy & Infrastructure business in EMEA and expand its global capital advisory capability, enabling it to better serve the needs of both local and international developers and investors.

When considering investing in condos in Singapore, it is crucial to take into account the government’s property cooling measures. Over time, the Singaporean government has implemented several measures to prevent speculative buying and maintain a steady real estate market. These measures involve the Additional Buyer’s Stamp Duty (ABSD), which imposes larger taxes on both foreign buyers and those purchasing multiple properties. Although these measures may affect the immediate profitability of condo investments, they also contribute to the long-term stability of the market, creating a secure investment environment. In addition, looking at Singapore Projects can also help in making informed decisions regarding condo investments.

According to JLL, this appointment aligns with its long-term goal of meeting the rising demand for infrastructure and renewable energy projects to address the challenges of decarbonisation, digitalisation, economic growth and rapid urbanisation.

In a statement, Stuart Crow, CEO of JLL Asia Pacific’s capital markets, expressed his excitement over the potential opportunities that Cameron’s appointment brings. He said, “We see significant potential to leverage our unique expertise in mobilising diverse sources of capital and JLL’s unparalleled track record in advising renewable energy transactions globally to cater to the energy and infrastructure market in Asia Pacific.”

In his new role, Cameron will work closely with JLL’s capital markets, investment banking and debt advisory teams across the region. He will primarily focus on identifying and securing opportunities for capital raising and transaction advisory services for large-scale infrastructure and renewable energy projects, serving a wide range of clients, including institutional investors, private equity firms, asset managers, strategic infrastructure and renewable energy operators and developers, high-net-worth individuals, and family offices.

With over 25 years of experience in real asset capital markets, Cameron has previously served as the Global Head of Commercial Real Estate at Standard Chartered Bank. He also has a wealth of knowledge in mobilising various forms of private and public equity and financing for infrastructure projects at both global and regional levels.

Crow also expressed his confidence in Cameron’s abilities, stating, “James’ unparalleled experience in this dynamic industry is a valuable addition to our team, and we are certain that he will lead JLL to become the frontrunner in this market with his expertise and client relationships.”…

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From January 11 to 12, One Bernam, a mixed-use development in Tanjong Pagar, offered 87 units for sale at promotional prices. The project, which has a 99-year leasehold and 351 residential units, is a joint venture by MCC Land and Hao Yuan Investment and was first launched in May 2021. As of January 10, over 75% of the units had been sold at an average price of $2,585 psf.

During the weekend promotion, prices were discounted for all remaining units, including one-bedroom to three-bedroom apartments and penthouses. To see the transaction prices and available units, you can search for the latest New Launches.

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Singapore has become a desirable destination for investors, both local and international, who are looking to purchase a condominium. The country’s thriving economy, stable political landscape, and high standard of living make it an attractive option for buyers. The real estate market in Singapore offers a plethora of prospects, with condominiums being a popular choice due to their convenience, amenities, and potential for lucrative returns. With a wide range of Singapore Projects to select from, it’s important to understand the benefits, considerations, and necessary steps involved when investing in a condo in this dynamic city-state.

One-bedroom units, ranging from 441 sq ft to 463 sq ft, had discounts of $323,000 to $438,000, with prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Two-bedroom apartments, sized from 700 sq ft to 732 sq ft, had discounts of $437,000 to $668,000 and were sold at prices from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). Two-bedroom plus study units, ranging from 807 sq ft to 872 sq ft, had discounts of $380,000 to $800,000 and were sold at prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf).

Three-bedroom apartments, sized at 1,421 sq ft, had discounts ranging from $616,000 to $830,000 and were sold at prices from $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf). According to ERA Singapore CEO Marcus Chu, the strong interest in the property as a stable and high-potential asset is evident from the sales performance. He also notes that 78% of the purchasers bought their units as investments, with 87% being Singaporeans and 70% aged between 31 and 50.

After the weekend promotion, only three penthouses are available for sale, bringing the total sales to 99%. These include two three-bedroom penthouses sized at 1,744 sq ft and 1,948 sq ft, and a five-bedroom penthouse measuring 4,306 sq ft.

The project is expected to obtain a Temporary Occupation Permit (TOP) in March 2026, which means investors can start generating rental income to support their loan instalments. Existing condos in the area such as Altez, 76 Shenton and EON Shenton, have monthly rents ranging from $6.90 psf to $7.40 psf (Source: EdgeProp Landlens).

With the reduction in competition from foreign buyers due to the increase in Additional Buyer’s Stamp Duty (ABSD) in 2023, there are more opportunities for local buyers to enter the market. Chu expects local demand to continue driving Central Core Region (CCR) properties, with competitive pricing making these developments a desirable and stable investment choice. You can check out the latest listings for One Bernam properties to get more information about the project.…

Investing in a condo in Singapore offers a multitude of benefits, making it a highly attractive option for investors. Not only is there a high demand for condos in the country, but there is also potential for capital appreciation and attractive rental yields. However, as with any investment, careful consideration is crucial. Factors such as location, financing options, government regulations, and market conditions must be thoroughly researched and professional advice should be sought. By taking these steps, investors can make informed decisions and maximize their returns in the ever-changing real estate market of Singapore. If you’re a local investor looking to diversify your portfolio or a foreign buyer searching for a stable and profitable investment, Singapore Condos present a compelling opportunity. With its dynamic real estate market, the addition of Singapore Condo can greatly enhance your investment portfolio.

The Real Estate Developers’ Association of Singapore (Redas) has recently elected its new management committee for a two-year term. On January 9, at the Annual General Meeting, Tan Swee Yiow, Chairman of Keppel Reit Management, was unanimously re-elected as President for his second consecutive term.

In response to his re-election, Tan expressed his gratitude, saying that it is an honor to be chosen by his peers again. He also mentioned that the new management committee has a diverse representation of sectors, scales, and expertise within the real estate industry.

The new management committee comprises of Immediate Past President Chia Ngiang Hong, Group General Manager of City Developments; First Vice President Kwee Ker Wei, Director of Pontiac Land Group; Second Vice President Marc Boey, Executive Director of Project Services at Far East Organization; Honorary Secretary Chong Hock Chang, Group Director of Projects and Marketing at Ho Bee Land; Honorary Treasurer Neo Soon Hup, Chief Operating Officer of UOL Group; Honorary Assistant Secretary Chew Peet Mun, Managing Director of Investment and Development at CapitaLand Development Singapore; and Honorary Assistant Treasurer Tho Leong Chye, Managing Director of Allgreen Properties.

This event also saw Chia Ngiang Hong, Immediate Past President of Redas, congratulate the newly elected management committee. He recognized Tan’s outstanding leadership and the trust placed in him by the Redas community.

In addition, Tan expressed his belief that the diversity of the new management committee will enable Redas to drive impactful initiatives for the built environment ecosystem. He also mentioned that the new committee is well-equipped to effectively address the challenges faced by the industry.

RELATED NEWS

The conference organized by RICS and REDAS to discuss the implementation of the Environmentally Sustainable Design (ESG) initiatives and green premiums for developers.

The Land Transport Authority (LTA) announced the launch of a new AI chatbot and streamlined road approval processes for developers to assist with their development projects.

Several developers have suggested introducing separate zoning for land use to cater to the projected demand for senior accommodation in Singapore.…

A unit at The Arcadia measuring 3,767 sq ft was sold for the highest profit during the last three weeks of December, from Dec 10 to Dec 31. The owner of the four-bedroom unit situated on the seventh floor had a very happy New Year as he gained a profit of $3.25 million (217%) when the property was sold for $4.75 million ($1,261 psf) on Dec 10. According to records, the unit was originally purchased for $1.5 million ($398 psf) back in 1998. This resulted in a yearly profit of 4.5% over the course of 26 years.

In total, there were five units at The Arcadia that were sold last year, ranging from 3,714 sq ft to 3,821 sq ft. These units earned profits ranging from $60,000 to $3.25 million. Although not as high, the sale of a 3,778 sq ft unit on the fourth floor that fetched $4.6 million ($1,218 psf) on Oct 10 last year still provided the seller with a profit of $60,000.

When purchasing a condo, it is crucial to take into account the property’s upkeep and management. Usually, condos have maintenance fees that encompass the maintenance of shared areas and amenities. Although these fees may increase the total ownership cost, they also guarantee the property’s good condition and value retention. By hiring a property management company, investors can entrust the daily management of their condos to professionals, making it a more hands-off investment. Also, be sure to check out New Condo Launches for potential investment opportunities.

The most profitable single transaction at The Arcadia was the sale of a 7,503 sq ft penthouse on the 10th floor for $10 million ($1,333 psf) in 2010. This unit was originally purchased for $5.5 million ($733 psf) in 2007, resulting in a profit of $4.5 million (81%), equating to an annual profit of around 19% over the span of three years.

The Arcadia is a 99-year leasehold condo located along Arcadia Road in prime District 11. It was completed in 1983 and has approximately 54 years remaining on its land tenure. The property is surrounded by exclusive landed estates and Good Class Bungalows, and is also in close proximity to top schools such as Raffles Girls Primary School, Hwa Chong Institution, and National Junior College.

The second most profitable resale that took place in the last three weeks of December 2024 was at Tanglin Hill Meadows, where a 2,077 sq ft unit was sold for $4.5 million ($2,166 psf) on Dec 10. The three-bedder was originally purchased for $1.8 million ($866 psf) in 1999, resulting in a profit of $2.7 million (150%) for the seller. This equates to an annualised profit of 3.6% over the course of 26 years, making it the most profitable transaction at Tanglin Hill Meadows to date. By comparison, the previous record was set in 2010, when a 2,002 sq ft unit was sold for $3.73 million ($1,863 psf), earning the seller a profit of $2.28 million (157%). This particular unit was purchased for $1.45 million ($724 psf) in 2005, resulting in an annualised profit of around 21% over a period of five years.

Tanglin Hill Meadows is a freehold condo situated along Tanglin Hill in prime District 10. It comprises 20 units and was completed in 1997. It is nestled within the Ridley Park Good Class Bungalow Area.

At another condo development, Seascape, located in Sentosa Cove, losses continue to mount. On Dec 18, the seller of a 2,174 sq ft unit on the seventh floor incurred a loss of $1.97 million (33%) when the unit was sold for $3.98 million ($1,830 psf). The seller had originally bought the unit for $5.95 million ($2,736 psf) back in 2011. As a result, the seller incurred an annualised loss of 2.5% over the course of 13 years.

This sale marks the third resale transaction at Seascape last year, all of which recorded losses ranging from $1.75 million to $2.53 million. The transaction that resulted in the $2.53 million loss was also the second-largest loss-incurring resale transaction for 2024. This particular sale involved a 2,680 sq ft unit that was sold for $4.5 million ($1,679 psf) on Aug 14, 2024.

Completed in 2012, the 151 units at Seascape face the South China Sea. The eight-storey development comprises of three-bedroom and four-bedroom units measuring 2,164 sq ft to 4,069 sq ft. Penthouses range from 3,380 to 4,252 sq ft in size, while sky villas measure from 6,631 to 9,666 sq ft.…

A luxurious Good Class Bungalow (GCB) located at Victoria Park has recently been listed on the market for a jaw-dropping $61 million. This seven-bedroom bungalow, which boasts modern and sleek design elements, was completed just three years ago. It is nestled at the end of Victoria Close, a private cul-de-sac consisting of only 10 other houses.

According to Jervis Ng, associate group district director at PropNex Realty and the appointed agent for the sale of this GCB, the number of homes in this exclusive enclave is tightly regulated, in line with the guidelines set for designated GCB zones in Singapore. This means that the property’s surrounding lush greenery and serene surroundings will be preserved, making it exceedingly desirable for ultra-high-net-worth individuals and their families.

Ng, who is also the founder of JNA Real Estate, a property team under PropNex, revealed that the return of new naturalised Singaporeans into the GCB market has had a positive effect on buying sentiment. He believes that this GCB will particularly appeal to the increasingly affluent class of new Singaporeans who grew up in countries such as China, India, or Indonesia and are now seeking a prestigious home in Singapore.

The prestigious Victoria Park GCB area has already attracted renowned residents, including Jack Ma, the influential business magnate and co-founder of Alibaba Group, as well as Tang Wee Kit, a prominent figure in the Tang family known for establishing Tangs department store.

Furthermore, Ng also highlighted that the GCB for sale has been impeccably maintained, hence it retains its exquisite and pristine condition. The bungalow features a contemporary interior design, with high-end materials and finishes throughout.

From the spacious dining area to the chic bar counter, the property has been thoughtfully designed to accommodate grand entertaining. The owners worked closely with the architect to make efficient use of the expansive 18,988 sq ft land area. Additionally, the GCB boasts a total built-up area of 25,300 sq ft, which includes seven en suite bedrooms, three helpers’ rooms, and a basement carpark with ample space for up to seven cars. The basement also houses an entertainment room that doubles up as a home cinema, a private gym, and an inviting 20m lap pool.

When purchasing a condominium, it is imperative to factor in the maintenance and management of the property. Condos usually require a maintenance fee to cover the maintenance of shared areas and amenities. While this may increase the expenses of owning the property, it guarantees that the unit maintains its value and remains in good condition. Consider hiring a property management company to handle the daily management of the condo, allowing for a more hands-off approach to investing. Check out Singapore Projects for more options.

The GCB sits atop a hill, offering breathtaking views of the surrounding low-rise neighbourhood. Ng mentioned that there have been few resale transactions in the Victoria Park GCB area in recent years. According to property records, the land on which the GCB for sale stands was purchased for $18.2 million in September 2016, translating to a land rate of $959 psf. The most recent transaction along Victoria Park Close was for a 15,253 sq ft plot that was sold for $28.33 million in May 2021, at a land rate of $1,857 psf. Prior to that, a 29,956 sq ft plot was bought for $40 million ($1,335 psf) in April 2017. Along Victoria Park Road, the last recorded GCB sale was for a 32,077 sq ft site that fetched $48 million ($1,496 psf) in November 2011.

Ng predicts that the GCB market will continue to perform well this year, driven by stabilising factors such as expected lower interest rates, sustained demand from ultra-high-net-worth buyers and the limited supply of GCBs. He anticipates a 10% to 15% increase in GCB transaction volume from last year, assuming no major external economic disruptions. In 2020, there were 35 GCB transactions, amounting to a total of $1.32 billion in transaction volume, surpassing the previous record of $1.186 billion set in 2019.…

”ETC, a well-known real estate advisory firm in the local market, has announced that it will now be known as ETC with immediate effect. The company has also revealed a fresh, new logo as part of its rebranding exercise.

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As a final point, opting to invest in a condo in Singapore can bring about a wealth of benefits. These include a high demand for properties, potential for significant capital appreciation, and attractive rental yields. However, it is crucial to take into account various factors like location, financing options, government regulations, and market trends. Through thorough research and seeking professional guidance, investors can make well-informed decisions and capitalize on the dynamic real estate market in Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a dependable and profitable investment, Singapore Projects offer a compelling opportunity.

According to the CEO of ETC, Desmond Sim, “ETC is a familiar abbreviation for our company among our clients and staff.” This has driven the decision to officially adopt ETC as the company’s new name, showing the importance the company places on its employees’ insights, voices, and ideas.

Sim further explains that the refreshed identity represents the growth and unity of ETC, and signifies the company’s goal to shape the future of real estate in the local and regional market. This rebranding coincides with ETC’s 30th anniversary since its establishment in 1995. With a range of services covering all stages of a real estate asset’s life, from advisory and investment to management and divestment, ETC has become a highly reputable firm in the industry.

The rebranding marks an exciting new chapter for ETC, as it continues to strive towards excellence in the real estate market. ETC’s dedication to delivering value to its clients and employees remains unwavering, and the new name and logo reflect this commitment. Clients can look forward to the same level of professionalism and expertise from ETC, while employees can continue to voice their ideas and contribute to the company’s growth and success.…