Condo Russian Remote

The government’s commitment to meeting housing demand and maintaining market stability is evident in the upcoming Confirmed List and Reserved List of the 1H2025 GLS Government Land Sales (GLS) programme. In total, 8,505 units will be offered, consisting of 10 plots on the Confirmed List and nine plots on the Reserved List.

It is crucial for international investors to have a clear understanding of the various regulations and limitations surrounding property ownership in Singapore. Unlike landed properties which have more stringent ownership rules, foreigners can typically purchase condominiums with relative ease. However, they are subject to the Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property acquisition. Despite the added expenses, the steady and promising growth of the Singapore real estate market remains a magnet for foreign investment. This is evident in the continued interest and demand for new condo launches in the country.

On the Confirmed List, nine residential sites will be offered, along with one residential cum commercial site. Three of the residential plots are executive condo (EC) sites, which can yield a total of 980 units. This brings the estimated total number of residential units to 5,030. The number of residential units to be offered is in line with the 5,050 units on the Confirmed List in 2H2024, but is nearly 60% higher than the average supply in each GLS programme from 2021 to 2023.

The Reserved List will include four private residential sites, one commercial site, three White sites and one hotel site. These combined have the potential to yield an additional 3,475 private residential units and 199,900 sqm (2.15 million sq ft) gross floor area (GFA) of commercial space.

This increase in supply is in line with the government’s continuous efforts to stabilize the private residential market. The progressive ramp-up of supply from the GLS programmes over the last three years has resulted in an increase in the overall inventory of private residential units available for sale, from 16,100 units at the end of 2021 to approximately 21,000 units as of end-2024.

As a result of these efforts, the private residential market has seen a moderation in property price momentum. According to the URA private residential property price index, price growth has slowed to 6.8% in 2023 from 10.6% in 2021 and 8.6% in 2022. It is expected that private residential prices will continue to experience modest gains in 2024, with a cumulative increase of around 1.6% in the first three quarters of the year.

The government’s focus on stabilizing the market is further evident in the increase in supply of EC sites, with three plots potentially yielding 980 units on the Confirmed List of 1H2025. This is a significant increase from previous GLS programmes since 2019, which only offered one EC site in each half-yearly land sales programme.

The government is also introducing seven new plots in the 1H2025 GLS programme. These include a plot at Lakeside Drive near the Jurong Lake Gardens in Jurong Lake District, Dunearn Road in the new housing precinct in Bukit Timah Turf City, and Telok Blangah Road on the former Keppel Golf Course site. Additionally, a residential and commercial site at Hougang Central, which can yield a new mixed-use development with 835 residential units and over 400,000 sq ft of commercial space, will be offered for sale and likely be integrated with the Hougang MRT Station on the Northeast Line.

The increase in supply of EC sites and the introduction of new plots in desirable locations near MRT stations show the government’s commitment to meeting demand and maintaining market stability. This is a strategic move that is expected to help soothe competition among developers and moderate EC land costs and prices accordingly.…

Investing in real estate is a significant decision, one that requires careful consideration, especially when it comes to location. In Singapore, location is a crucial factor when choosing a property to invest in. A prime location can significantly impact the potential value and appreciation of a condo. This is why condos located in central areas or near essential amenities, such as schools, shopping malls, and public transportation hubs, are highly sought after. Some examples of prime locations in Singapore include Orchard Road, Marina Bay, and the Central Business District (CBD). These areas have consistently shown growth in property value over the years. Additionally, being situated near good schools and educational institutions only adds to the desirability of condos in these areas, making them even more attractive for families looking to invest. If you’re considering investing in a condo in Singapore, make sure to keep location in mind, and consider exploring options in prime locations such as those mentioned above. You can also check out Singapore Condo for more information and potential investment opportunities.

St William, a division of the London-listed real estate corporation Berkeley Group, has recently introduced a new residential project in London called Regent’s View. Located in Zone 2, within the London borough of Tower Hamlets, the project consists of 555 units and is a result of a unique adaptive reuse scheme that has transformed a decommissioned Victorian-era gasholder site into a mixed-use development along the canal waterfront.

Regent’s View has garnered global recognition, winning the esteemed “Best Future Residential Project” award at the 2024 World Architecture Festival (WAF) held at Marina Bay Sands in Singapore on Nov 6–8. Following a successful initial sales launch in the UK last year, St William has now launched the second phase of sales and is bringing the project to key Asian markets for the first time.

St William was established in 2014 as a joint venture between Berkeley Group and London’s National Grid, with the aim to redevelop decommissioned industrial sites owned by the National Grid into new residential and community spaces. In 2022, Berkeley Group acquired National Grid’s stake in St. William for GBP412.5 million ($705 million), giving them full ownership of 24 brownfield sites across London for their long-term landbank. Currently, St William is working on developing six of these sites, including Regent’s View.

The 4.5-acre site of Regent’s View is situated on the banks of Regent’s Canal and was formerly known as the Bethnal Green Gasholders. Since the 1850s, these Victorian-era gasholders served as a landmark in the area, supplying gas to homes. After being decommissioned in 2012, the site was left with only two gasholders still standing due to structural decay. While there was no obligation to preserve the gasholders, St William and their partner, RSHP, have decided to incorporate them into the design of the new residential project, making them an integral part of the architectural plan.

According to Graham Stirk, senior director at RSHP, the design of Regent’s View celebrates the industrial history of the site and aims to create a unique urban and architectural space to live in. Stirk adds that using an industrial architectural style is crucial, as it justifies a different form of urbanism, which is not the norm.

Regent’s View will be a combination of five new modern residential buildings, ranging from six to 13 stories, surrounding a landscaped park. Two of these buildings will feature restored gasholder structures, while the other three will be built in a contemporary style. The project will offer 555 private and affordable homes, along with 45,000 sq ft of commercial and community spaces on the ground floor. This will include a refreshed public-access canal frontage, providing access to the area for the first time in over 150 years. Additionally, the project will also feature new F&B outlets, activating the area further.

The development of Regent’s View faced some opposition from residents who wanted to preserve the site. In 2019, when the project was announced, more than 8,000 people signed a petition requesting its preservation. However, the local council, after careful consideration, voted seven-to-one in favor of redevelopment. It took St William almost five years to conceptualize the design and gain local support for the project, but they were ultimately successful in doing so.

Dean Summers, divisional managing director at St William, reveals that a significant amount of time was spent engaging with the local community to find ways to preserve the gasholders, meet the affordable housing targets, and revitalize the canal front through placemaking activities. He adds that affordable housing is a top priority for many London borough councils, and they were happy to work closely with them on the adaptive reuse of the industrial site, resulting in 35% of the units being allocated for affordable housing.

The design of the residential buildings and the incorporation of the gasholder frames were carefully scrutinized, along with the site’s permeability to encourage public access. The project will also reactivate 100m of previously inaccessible canal frontage with F&B outlets and amenities. Tracy Meller, senior director at RSHP, explains that the architects utilized the circular forms of the gasholder frames to create a more natural transition throughout the site, resulting in a gentler contrast to the edges. This design will allow people to move through the site, across the central landscaped courtyard, and towards the canal front easily.

In a departure from traditional gated communities, Regent’s View will feature a landscape buffer around the site, instead of high walls. Furthermore, the ground floors across all five buildings will be reserved for non-residential use. The two larger buildings along the canal will house public-facing commercial amenities such as cafes, bars, and restaurants, while the other three buildings will feature resident-exclusive spaces like the concierge and facilities.

Apart from Regent’s View, St William is also working on another industrial brownfield site in the Newham borough, which spans 23 acres and will be transformed into a mixed-use project with 2,000 units. This site, which was acquired as part of their landbank from their previous partnership with the National Grid, features seven Victorian-era gasholders, making it the most significant collection of surviving gasholders in the world. The development of this project is expected to commence next year.

Last year, St William launched the sale of The Wright Building, a six-story block within Regent’s View offering one- to three-bedroom units ranging from 628 sq ft to 1,247 sq ft. This block is more than 70% sold, with prices starting from GBP675,000 ($1.15 million) to GBP1.63 million. The Wright Building is scheduled to be completed next year. In September, St William launched the sale of The Westwood Building, which features one- and three-bedroom units ranging from 584 sq ft to 1,247 sq ft. These units are expected to appeal to international investors, with prices starting from GBP585,000 to GBP1.68 million.

According to Summers, over 50% of international buyers are from Asia, with a significant interest in Regent’s View due to its proximity to top educational institutions like University College London, King’s College London, and Queen Mary University of London. The project is also close to local amenities such as Broadway Market and London Fields, offering a vibrant and youthful cultural scene.

The closest train station to Regent’s View is Cambridge Heath, providing direct access to Liverpool Street Station in central London. It is also one stop away from Bethnal Green Interchange, connecting to other central London destinations like Tottenham Court Road, Oxford Circus, and Bond Street.

Looking ahead, St William plans to launch the next sales phase, including units in a 13-story building fronting the canal, in the second half of 2025. These units will offer views of central London and are expected to attract strong interest, considering the F&B outlets on the ground floor and the scenic landscape. Summers also notes an increasing trend of international buyers considering properties in London’s city fringe neighborhoods in Zone 2 due to the rising prices in central London.…

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Knight Frank Singapore will be auctioning a three-bedroom unit at Gambier Court, a boutique condo along Kim Yam Road in the prime River Valley area of District 9, on Dec 12. The unit has a guide price of $2.6 million or $1,755 psf for its floor area of 1,485 sq ft.

Records show that the seller purchased the unit in October 2018 at a price of $1.8 million or $1,212 psf. This will be the second time the unit is going up for auction, after it was listed with a higher guide price of $2.64 million or $1,778 psf at Knight Frank Singapore’s Nov 26 auction, but did not receive any bids.

Tricia Tan, director of auction and sales at Knight Frank, shared that the owner is selling the unit to move closer to their children’s school. The unit will be sold with vacant possession.

Situated on the eighth floor, the unit comes with three bedrooms and a study area. It was originally a four-bedroom apartment, but a previous owner converted it into a three-bedder, says Tan. She adds that the reconfigured space provides a more spacious layout, making it suitable for both local and expat families with children.

The balcony of the unit is northeast facing, offering unblocked views of the sea and Singapore River. Accosting to Tan, Gambier Court is a 99-year leasehold condo that was completed in 1999 and comprises just 21 units. It includes 18 apartments in a 10-storey block and three strata-landed units housed in conserved shophouses.

The apartments consist of a mix of two- to four-bedroom units ranging from 936 sq ft to 2,530 sq ft. The three strata-landed units are two-storey properties with an attic spanning from 2,562 sq ft to 2,885 sq ft.

The condo is located within easy reach of Fort Canning MRT Station on the Downtown Line, along with a selection of F&B and retail options, such as the newly constructed lifestyle hub, New Bahru at Kim Yam Road (formerly Nan Chiau High School), Robertson Quay, UE Square, and Clarke Quay.

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When contemplating an investment in a condominium, it is imperative to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condos can offer a wide range of rental yields, depending on factors such as location, property condition, and market demand. Areas with high rental demand, such as those near business districts or educational institutions, typically yield higher rental returns. Therefore, before making a decision, it is crucial to conduct thorough market research and seek advice from real estate agents to gauge the rental potential of a specific condo. Additionally, staying updated on new condo launches through websites like New Condo Launches can also provide valuable insights into potential rental opportunities.

The most recent transaction at Gambier Court saw a 1,485 sq ft four-bedder unit on the seventh floor transacting at $2.5 million or $1,683 psf in December 2022, according to Realis caveats. The seller had purchased the unit for $1.9 million or $1,279 psf in August 2016, achieving a net profit of $600,000.

For more listings of properties at Gambier Court, visit Knight Frank Singapore’s website.…

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When purchasing a condo, it’s crucial to also take into account the maintenance and management of the property. This type of residence often has maintenance fees included, which are used for maintaining common areas and amenities. While these fees may increase the overall cost, they play a vital role in preserving the property’s condition and value. Employing a property management company can make owning a condo a more passive investment by handling day-to-day management tasks for investors.

Singapore’s exclusive district 10 saw a new record of $2,299 psf at freehold condo Gallop Gables. The 2,669 sq ft four-bedroom unit was sold for $6.14 million on Nov 20. This surpasses the previous high of $2,108 psf from the sale of a two-bedroom unit for $2.45 million on Feb 19. The condo has seen three resale transactions this year, averaging at $2,110 psf, which is higher than last year’s average of $1,991 psf from four transactions. The Scala, in district 19, also achieved a record high of $2,064 psf from the sale of a four-bedroom unit for $2.6 million on Nov 20. This exceeded the previous record of $1,969 psf from the sale of a two-bedroom unit for $1.78 million on Sept 9. The condo has seen 16 resale transactions this year, averaging at $1,823 psf, which is 8% higher than last year’s average of $1,688 psf from 16 transactions. Another freehold condo, Sims Edge, also recorded a new record of $1,907 psf from the sale of a one-bedroom unit for $780,000 on Nov 22. The condo’s previous record was $1,834 psf from the sale of a one-bedroom unit for $750,000 on Jan 18. The condo has seen five resale transactions this year, with an average price of $1,800 psf, compared to last year’s average of $1,644 psf from four transactions. No new record lows were recorded during the period in review.…

During the week of November 19 to 26, a four-bedroom unit measuring 2,885 sq ft at Ardmore Park emerged as the most profitable condo resale transaction. The unit on the 14th floor was sold for $11.25 million ($3,900 psf) on November 22. The seller had purchased the unit in September 2016 for $8.2 million ($2,843 psf), resulting in a profit of $3.05 million or a capital gain of 37%, with an annualised profit of 4.6% over a holding period of eight years.

Another four-bedroom unit measuring 2,885 sq ft on the 23rd floor was sold for $12.7 million ($4,402 psf) on October 1, making it the second most profitable condo resale deal during the week. The seller had bought the unit in September 2010 for $9.7 million ($3,363 psf), making a profit of $3 million or 30.9% capital gain.

Ardmore Park is a prime district 10 condo with 330 units and freehold tenure. The luxurious development has three 30-storey towers and typical units are four-bedroom apartments measuring 2,885 sq ft, with six 8,740 sq ft duplex penthouses.

Besides these two sales, there have been four other resale transactions at Ardmore Park this year, all of which were profitable. These four-bedroom units fetched between $4,108 psf and $4,472 psf, resulting in profits of $2.65 million to $7.07 million for the sellers.

The second most profitable condo resale deal was the sale of a four-bedroom apartment at Goldenhill Park Condominium. The 1,539 sq ft unit on the 16th floor was sold for $3.43 million ($2,228 psf) on November 21. The owner had purchased the unit from the developer in May 2001 for $1.14 million ($741 psf), making a profit of $2.29 million or 201% capital gain after 23 and a half years of ownership.

This is the second-highest gain recorded at Goldenhill Park Condominium to date, with a record of $2.3 million profit for a 2,928 sq ft four-bedroom penthouse sold for $4.3 million ($1,469 psf) in February 2022. The penthouse was bought from the developer in April 2001 for around $2 million ($683 psf).

Goldenhill Park Condominium is a freehold development with 390 units, located on Mei Hwan Drive in district 20. Completed in 2004, the project offers two- to four-bedroom apartments ranging from 926 sq ft to 2,928 sq ft. It is within walking distance to the Lorong Chuan MRT Station on the Circle Line.

Five other profitable resale transactions have taken place at Goldenhill Park Condominium this year, with units selling for $2,082 psf to $2,246 psf. Profits ranged from $760,000 to $1.91 million for the sellers.

In contrast, the most unprofitable condo resale transaction during the week was the sale of a four-bedroom unit at The Oceanfront @ Sentosa Cove. The 2,831 sq ft unit on the 10th floor was sold for $4.7 million ($1,660 psf) on November 20. The owner had bought the unit in May 2007 for $5.8 million ($2,050 psf), incurring a loss of $1.1 million or 19% after 17 and a half years of ownership.

The Oceanfront @ Sentosa Cove is a 99-year leasehold condo in the exclusive residential enclave of Sentosa Cove. Completed in 2010, the project comprises 264 units in five towers of 12 to 15 storeys. Residences include two- to four-bedroom apartments measuring 1,216 sq ft to 4,284 sq ft, as well as penthouses ranging from 2,745 sq ft to 8,095 sq ft.

Based on caveats lodged, there have been six resale transactions at The Oceanfront @ Sentosa Cove this year, with units selling for $1,500 psf to $1,999 psf. Four were unprofitable, with losses ranging from $30,000 to $519,000. The other two deals were profitable, with gains of about $268,000 and $1.7 million for the sellers.

A crucial factor to take into account when considering investing in condos in Singapore is the government’s efforts to cool the property market. Over the years, the Singaporean authorities have implemented various measures to discourage speculative buying and maintain a steady real estate market. These policies include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. Despite potentially affecting the immediate profitability of condo investments, these measures ultimately contribute to the stability of the market, creating a more secure environment for investors. Additionally, with the introduction of New Condo Launches, there are more options for potential condo investors to consider.…

The Kada at Maxwell is now open for bookings.The renowned co-living operator, Habyt, has recently launched a groundbreaking new accommodation space at 5 Kadayanallur Street in the bustling Tanjong Pagar district. The flagship space, known as Kada at Maxwell, is part of Habyt’s new Habyt Flex concept, which marks a strategic expansion of the company’s product offerings beyond long-term co-living arrangements.

In August, Habyt Asia Pacific CEO Jonathan Wong announced the company’s plans to introduce more short-term living options to its portfolio. The first properties under the Habyt Flex concept include Habyt Novena, with 39 rooms, and Habyt Kallang, with 27 rooms, both of which were launched in August. Other properties under the Habyt Flex concept include Habyt Cantonment and Owen House by Habyt.

Kada at Maxwell boasts a range of room options, from en suite studios to two- to three-bedroom units, each equipped with a fully functional kitchenette. Guests can book rooms for nightly or weekly stays, with an option for a 12-month stay as well.

Read Also: Hong Lai Huat partners with The Assembly Place to bring co-living to Cambodia’s market

The dining area of a Studio Deluxe at Habyt’s Kada at Maxwell.

The shortage of land in Singapore is one of the main factors driving the demand for condos in the country. Being a small and densely populated island, Singapore struggles with limited land for development. As a result, the government has implemented strict land use policies and the real estate market has become highly competitive, continuously pushing property prices upwards. This has made investing in real estate, especially condos, a highly profitable opportunity, with the assurance of capital appreciation. In fact, Singapore Projects are highly sought-after due to the scarcity of land and the potential for high returns in the long run.

According to Wong, Kada at Maxwell is a testament to the company’s dedication to reinventing the concept of flexible living in Singapore and marks the beginning of the next phase of growth for Habyt Asia Pacific. Room rates at Kada at Maxwell will start at $180 per night.

This innovative living space is housed within a beautiful colonial building from the 1920s. Originally designed by the renowned architectural firm Swan & MacLaren, it was one of the earliest modernist structures in Singapore and was built to accommodate the St Andrew’s Mission Hospital for Women and Children.

A tender to lease the property, now managed by the Singapore Land Authority (SLA), was launched in September 2023. Bidders were evaluated based on their bid price and the quality of their proposed concept, with SLA urging them to consider innovative lifestyle concepts.

The Oasis Lounge at Kada.

The winning bid was submitted by Bethesda Medical, with a monthly rental bid of $103,000. The second and third highest bids were from Wan Dormitory ($160,000) and The Working Capitol ($108,240), respectively. SLA cited Bethesda’s strong focus on community building and connecting people with businesses as the key differentiator that secured their concept the winning bid. The first floor of the property will feature 10 F&B offerings, while the second floor will house a gym managed by Limitless, a wellness center in collaboration with Shiruki Studio, and a co-working space. Habyt’s Kada at Maxwell will occupy the third floor.

Residents of Kada at Maxwell will have unrestricted and complimentary access to the property’s health and wellness amenities, including a performance gym, cold plunge, infrared saunas, hot tubs, and foot baths.

Read Also: LHN Group puts three co-living properties on the market for $120 million

“By effortlessly blending modern conveniences with the timeless allure of a heritage building, we are delivering a one-of-a-kind lifestyle experience that goes beyond traditional accommodations,” added Wong. Bookings for Kada at Maxwell are now open.…

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The decision to invest in a Singapore Condo is not without its benefits, one of which is the opportunity to leverage the property’s value for future investments. Many investors opt to use their condos as collateral to secure funding for new ventures, thereby expanding their real estate portfolio. However, it is crucial to have a strategic financial plan in place and carefully weigh the potential risks of market fluctuations. Moreover, a Singapore Condo boasts of a prime location in the bustling city, providing even greater potential for growth and success. With its exceptional location, investing in a Singapore Condo can potentially yield higher returns, but it is essential to proceed with caution and thorough consideration.

On December 3, the Urban Redevelopment Authority (URA) has launched tenders for two residential Government Land Sale (GLS) sites, located at Holland Link and Chuan Grove. These 99-year leasehold sites are part of the Confirmed List for the 2H2024 GLS Programme.

The Holland Link site, situated along Holland Link off Bukit Timah Road in District 10, covers an area of 185,141 sq ft and has a maximum gross floor area (GFA) of approximately 257,225 sq ft. According to URA estimates, it could potentially accommodate about 230 housing units.

This site is the first GLS plot to be launched in the upcoming Holland Plan precinct, one of URA’s three upcoming precincts alongside Bayshore and Kampong Bugis, as observed by Marcus Chu, CEO of ERA Singapore. Chu predicts that developers will be keen to bid on this site in order to take advantage of being the first to enter the market and potentially secure the first 230 units in the pipeline.

In addition, the site is within a 2km radius of several reputable schools such as Methodist Girls’ School (Primary and Secondary), Henry Park Primary School, Pei Hwa Presbyterian Primary School and National Junior College. “This could be a plus factor for families with young children looking for priority admission into these schools,” Chu adds.

Being situated close to the Brizay Park Good Class Bungalow area, Mark Yip, CEO of Huttons Asia, predicts that future developments in the Holland Plain precinct will likely focus on low-density private residences.

As for the Holland Link GLS site, Yip expects it to receive between one and two bids, with the top bid ranging from $1,200 to $1,300 psf per plot ratio (psf ppr). Similarly, Chu foresees a muted response to the site, citing the current saturation in the market with a total of seven residential sites open for tender.

Moving on to the Chuan Grove GLS site, located along Chuan Grove off Lorong Chuan in District 19, it spans 170,409 sq ft and has a maximum GFA of 511,232 sq ft, capable of accommodating around 555 new housing units.

The site is conveniently situated within 400m of Lorong Chuan MRT Station on the Circle Line, just one stop away from the Bishan MRT Station (interchange with the North-South Line) and Serangoon MRT Station (interchange with the North-East Line). Chu expects the future development on this site to attract HDB upgraders living nearby, with an estimated 3,815 Build-to-Order (BTO) units sized four-room and larger nearing the end of their Mandatory Occupation Period in Toa Payoh over the next four years.

“Residents of HDB flats in older estates could seek to upgrade their homes given the increasing number of million-dollar flats in neighboring Serangoon, Bishan, and Toa Payoh,” Chu comments. The median transaction prices for five-room flats in these areas over the past 10 months were $792,000 and $828,000 respectively.

Chu also notes that developers could be encouraged by the successful sales performance of Chuan Park, with 76% of the development’s 916 units sold at an average price of $2,579 psf during its launch weekend. He predicts that bids for the Chuan Grove site could range from $571 million to $600 million, translating to a land rate of over $1,200 psf ppr. On the other hand, Yip expects a total of three to five bids, with the top bid falling between $1,150 and $1,250 psf ppr.

Interested parties can submit their bid for the Chuan Grove site by noon on July 8, 2025, and the Holland Link site by July 29, 2025.…

The Urban Redevelopment Authority (URA) has announced the release of two residential Government Land Sale (GLS) sites as part of the 2H2024 GLS Programme. The sites, Holland Plain and River Valley Green (Parcel C), have been listed under the Reserved List and are now available for application. This means that these sites will be triggered for sale if a developer indicates a minimum price that is accepted by the government. In the event that more than one developer submits a minimum price that is close to the government’s reserve price, the site may also be considered for tender launch.

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Securing financing is a crucial element of purchasing a condominium. In Singapore, there are various mortgage choices available, but it is important to note the Total Debt Servicing Ratio (TDSR) framework. This framework sets a ceiling on the amount of loan a borrower can acquire, taking into consideration their income and current financial liabilities. To make sound financial decisions and prevent overextending oneself, it is imperative for investors to comprehend the TDSR and consult with financial advisors or mortgage brokers. For more information on Singapore Projects, please visit Russian Remote.

The Holland Plain GLS site covers an area of approximately 169,175 sq ft and has a maximum gross floor area (GFA) of about 304,522 sq ft. It has the potential to yield 280 residential units and has a leasehold of 99 years. The site is situated next to the Holland Link GLS site, which was launched for tender on Dec 3. It is estimated that the site can accommodate around 230 units.

Mark Yip, CEO of Huttons Asia, believes that there is a slim chance that the Holland Plain site will be triggered for sale, as developers are likely to wait and see the response for the Holland Link GLS site first. The tender for this plot will close in July 2025.

The River Valley Green (Parcel C) site is located next to the upcoming Great World MRT Station on the Thomson-East Coast Line. Spanning a land area of 123,964 sq ft, the 99-year leasehold site has a maximum GFA of 433,882 sq ft and can potentially yield 470 new housing units. Yip predicts that this site is also unlikely to be triggered for sale, given that there is an ongoing tender for the neighbouring River Valley Green (Parcel B) plot, which is set to close in February next year. The latter can accommodate 580 units, including 220 long-stay serviced apartments.

In addition, the site is also in close proximity to three other GLS sites that have been awarded recently. Winchamp Investment, a subsidiary of Wing Tai Holdings, was awarded River Valley Green (Parcel A) in June after submitting the highest bid of $464 million, or $1,325 psf per plot ratio (psf ppr). This site will be developed into a residential project with over 400 units.

In April, a joint venture between City Developments and Mitsui Fudosan secured Zion Road (Parcel A) with a bid of $1.107 billion ($1,202 psf ppr) as the sole bidder. The developers have plans to explore a mixed-use development with around 740 residential units, a retail podium, and a block with 290 rental apartment units.

Similarly, Allgreen Properties clinched Zion Road (Parcel B) in August with a bid of $730.09 million ($1,304 psf ppr). This site can potentially yield about 610 residential units.

Given the upcoming supply from these three sites, Yip believes that there is “little incentive” for developers to trigger River Valley Green (Parcel C) for sale.…

Emerald of Katong hits 99% sales at launch, averaging $2,621 psfLaunched a fortnight ago, Sim Lian Group’s Emerald of Katong saw robust weekend sales, with 99% of its 846 units snapped up over three daysAs of Nov 30, caveats lodged for Emerald of Katong show that 825 units (97.5%) have been sold at the new 99-year leasehold private condominium on Jalan Tembusu, achieving an average price of $2,617 psf.There was a shortfall of 13 units due to buyers backing out of their purchases following the weekend launch, which began with VIP and multiple-unit sales on Friday, Nov 15, followed by a public launch over the weekend of Nov 16 and 17. The developer responded to the buyers backing out, by holding a balloting session for the 13 units on the morning of Nov 30, where all 13 units were taken up within the same day. “Over 800 expressions of interest were received, and all 13 units were taken up,” says Ismail Gafoor, CEO of PropNex. This launch has created a ripple effect on neighbouring projects in the East Coast area of prime District 15. Adjacent to Emerald of Katong is the 638-unit Tembusu Grand, developed jointly by City Developments Ltd (CDL) and MCL Land. This 99-year leasehold development at Jalan Tembusu, was launched in April 2023 and has seen a total of 52 units sold, bringing cumulative sales to 581 units or 91% to date, at an average price of $2,445 psf. Tembusu Grand: 10 latest transactionsSource: EdgeProp Buddy, URA RealisMeanwhile, at the 1,008-unit Grand Dunman by SingHaiyi, 18 units were sold since Nov 11, bringing cumulative sales to 731 units (72.5%) at an average price of $2,531 psf. This 99-year leasehold condominium on Dunman Road was launched in July 2023. Grand Dunman: 10 latest transactionsSource: EdgeProp Buddy, URA RealisThe biggest beneficiary of Emerald of Katong’s launch was The Continuum, an 816-unit freehold condominium along Thiam Siew Avenue developed by joint venture partners Hoi Hup Realty and Sunway Developments. Since Nov 9, a total of 126 units have been sold, bringing overall sales to 528 units (64.7%) at an average price of $2,788 psf. With such strong sales within a month, homebuyers recognised the value proposition and showed more interest in the condominium for being freehold, especially when the average price at the 99-year leasehold Emerald of Katong is $2,617 psf. This difference only represents a premium of 6.53%. “Typically, a freehold project commands at least a 15% to 20% premium over a 99-year leasehold project in the same neighbourhood,” Gafoor explains. “Homebuyers recognised the value proposition and were quick to switch to The Continuum.” The Continuum has seen 126 units sold since Nov 9, bringing total sales to 528 units or 64.7% (Photo: Samuel Isaac Chua/EdgeProp Singapore) The Continuum: 10 latest transactionsSource: EdgeProp Buddy, URA RealisThe highest psf prices were achieved for the 484 sq ft one-bedroom and 624 sq ft two-bedroom units on high floors. At the launch, 21 of these units recorded prices ranging from $2,901 psf to $2,958 psf, based on caveats lodged. Similarly, at The Continuum, 13 units have seen prices exceeding $3,000 psf and 11 of these units have been sold, including nine two-bedroom, high-floor units ranging in size from 646 to 721 sq ft. These units fetched prices from $3,003 psf to $3,084 psf. Additionally, two compact three-bedroom units measuring 872 sq ft were sold at $3,003 psf and $3,060 psf. “November is shaping up to be a strong month for new home sales, providing a significant uplift for the year before the December holidays,” says PropNex’s Gafoor. With the current numbers surging past the previous peak of 2,793 monthly private new home sales recorded in March 2013, according to Hutton Data Analytics. The robust take-up in November will have a positive impact on the take-up rate in 2025. Emerald of Katong: 10 latest transactionsSource: EdgeProp Buddy, URA Realis”The robust take-up in November will have a positive impact on the take-up rate in 2025,” says PropNex’s Gafoor. He cites the Emerald of Katong as an example: with over 800 cheques received for just 13 units on Nov 30, many unsuccessful buyers will now be seeking alternatives. “This will undoubtedly boost new home sales at the start of 2025,” he concludes. Check out the latest listings for Emerald Of Katong, Tembusu Grand, The Continuum propertiesAsk BuddyRecently launched projectsCompare price trend of New sale condo vs Resale condoCompare price trend of Condo new sale vs EC new salePrice trend chart for Tembusu GrandAny condo rental listings in District 15?Recently launched projectsCompare price trend of New sale condo vs Resale condoCompare price trend of Condo new sale vs EC new salePrice trend chart for Tembusu GrandAny condo rental listings in District 15?

In summary, purchasing a condo in Singapore boasts a plethora of benefits, such as immense demand, potential for value appreciation, and attractive rental returns. Nevertheless, it is crucial to thoroughly analyze factors like location, financing options, government regulations, and market conditions. Through thorough research and seeking expert guidance, investors can make informed decisions and capitalize on the dynamic real estate market in Singapore. Whether you are a local investor seeking to diversify your investment portfolio or a foreign buyer looking for a stable and profitable investment, Singapore’s condo market offers a compelling opportunity.

The launch of Emerald of Katong by Sim Lian Group two weeks ago was received with great enthusiasm. In just three days, 99% of the 846 units available were sold, with 825 units (97.5%) being snapped up. Based on caveats lodged as of Nov 30, the new 99-year leasehold private condominium on Jalan Tembusu achieved an average price of $2,617 per square feet (psf). Although 13 units were unsuccessful in being sold due to buyers backing out of their purchases following the weekend launch began, the developer held a balloting session on the morning of Nov 30, where 13 units were taken up by interested buyers who submitted their cheques. “Over 800 expressions of interest were received, and all 13 units were taken up,” says Ismail Gafoor, CEO of PropNex.

Emerald of Katong’s launch had a ripple effect on other projects in the East Coast area of prime District 15. The development that benefited was the Tembusu Grand jointly developed by City Developments Ltd (CDL) and MCL Land, adjacent to Emerald of Katong. Located on Jalan Tembusu, this 638-unit residential development was launched in April this year and is 49% sold to date, with 581 units (91%) being sold at an average price of $2,445 psf. Since the start of November, cumulative sales have reached 581 units, with 52 of it being sold, at the average price of $2,445 psf.

The next project affected by Emerald of Katong’s launch was the Grand Dunman by SingHaiyi. Located along Dunman Road, this 1,008-unit residential development was launched in July this year. From Nov 11, a total of 18 units were sold, bringing cumulative sales to 731 units (72.5%) at an average price of $2,531 psf.

The biggest beneficiary of Emerald of Katong’s launch in November was The Continuum, an 816-unit freehold condominium developed by joint venture partners Hoi Hup Realty and Sunway Developments. The Continuum has experienced an incredible surge in sales since Nov 9, with the sale of 126 units bringing the overall sales to 528 units (64.7%), with an average price of $2,788 psf. This launch was so impressive that it caused a ripple effect in other developments within the East Coast area. Homebuyers were quick to switch from Emerald of Katong to The Continuum, recognizing the value proposition of The Continuum, with it being freehold, while Emerald of Katong had an average price of $2,617 psf, only having a premium of 6.53%.

The top units sold at Emerald of Katong were the one-bedroom and two-bedroom high-floor units with sizes being 484 and 624 square feet respectively. During the launch, these units were sold from $2,901 to $2,958 psf. On the other hand, The Continuum has achieved remarkable sales, with 13 units being sold at prices exceeding $3,000 psf. These units were popular with buyers as they were mostly two-bedroom high-floor units ranging in size from 646 to 721 sq ft, with prices from $3,003 to $3,084 psf. Other units that were popular with buyers at The Continuum were three-bedroom units ranging in size from 1,066 to 1,270 sq ft and are achieving $2,667 to $2,681 psf in November.

PropNex’s Gafoor states that “November is shaping up to be a strong month for new home sales, providing a significant uplift for the year before the December holidays.” Based on data, November has already reached a high of 2,805 units, surpassing the previous peak of 2,793 units in March 2013. Gafoor also adds that the robust take-up in November would have a…

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One of the main factors driving the popularity of condos in Singapore is the limited supply of land. Being a small island country with a continuously increasing population, Singapore is facing a shortage of land for development. As a result, the government has implemented strict land use policies and the real estate market has become highly competitive, leading to a steady rise in property prices. Therefore, investing in real estate, especially condos, has become a profitable venture, with the potential for significant capital appreciation. This trend is further reinforced by the availability of attractive Singapore Projects.

The property market in the Asia Pacific (Apac) region continues to surpass its global counterparts, with Savills Research reporting that real GDP growth has exceeded that of the US and Europe. In its global outlook report for 2025, released on November 28, Savills Research notes that there is more stability and confidence in the economic outlook, which will lead to increased investment and activity.

According to Paul Tostevin, head of world research at Savills, this is the first time in five years that there is a sense of stability, which will boost investment and activity in the property market. In the first three quarters of 2024, Apac saw a 4% year-on-year increase in investment volumes, reaching US$108.7 billion. Singapore, South Korea, and Australia saw the most significant growth in investment volumes during this period, with 74%, 71%, and 63% respectively.

Savills Research forecasts a 27% increase in global real estate investment turnover to US$952 billion by 2025. Furthermore, global investment activity is expected to surpass the US$1 trillion mark for the first time since 2022. The research firm also predicts that global investments will return to pre-pandemic levels by 2026, driven by stabilizing interest rates and improved investor confidence.

Savills believes that Singapore’s property market will follow this global trend. Alan Cheong, executive director of research & consultancy at Savills Singapore, notes that the country’s real estate market is expected to mirror the global narrative.

Savills adds that Apac is poised for a full investment recovery in 2025, driven by key sectors such as tourism, living, and industrial, specifically logistics and data centers. According to Simon Smith, regional head of research & consultancy for Apac at Savills, the region’s long-term structural trends and global themes will determine the winners and losers in the property market.

The office sector remains attractive in Apac, commanding 37% of the total regional real estate investment in the first three quarters of 2024 – significantly higher than the global average of 23%. Singapore, China, South Korea, and Japan are the top cities in the region for office utilization, with occupancy rates exceeding 90%. Apac also leads in green-certified office spaces, as office occupiers place more emphasis on environmental, social, and governance (ESG) matters.

Cheong notes that in Singapore, office tenants are giving more weightage to the green agenda. Additionally, there has been a slight recovery in activity levels, with more leases being concluded. Prime retail developments continue to see healthy demand, keeping rental levels stable. In the industrial sector, demand remains strong in key sectors such as logistics, advanced manufacturing, healthcare, and data centers, which will help stabilize rental rates and capital values in the long term.

According to Cheong, Singapore is witnessing an increase in data centers, driven by the adoption of artificial intelligence (AI). This has led to more data center service providers using Singapore as a base to search for suitable sites to build infrastructure.

Tostevin adds that as global investment and activity return to sustainable growth, the property industry must adapt to changes in legislative landscapes and geopolitical dynamics. The industry must also prioritize sustainable and socially responsible development to meet the evolving needs of the world.

In conclusion, Apac is expected to remain a top destination for property investment, driven by its strong economic growth and key sectors such as tourism, living, and industrial. Singapore, with its strategic location and stable market, is poised to continue attracting investments in the coming years. The industry must also focus on sustainable and socially responsible development to ensure long-term success.…