Condo Belle

According to a recently published market report by Savills Singapore, the private housing rental market has experienced a modest rebound in the fourth quarter of 2024, with a 0.2% increase from the previous quarter. However, landlords should not expect the same trend to continue this year, as rental growth is likely to remain flat.

The poor performance of the non-landed private residential market has contributed to a 1.7% drop in rents for the whole of 2024, making it the first full-year decline since 2020. This decline is mainly attributed to the first three quarters of the year, which saw relatively …

CBRE is proud to be the sole marketing agent for the sale of two prime properties in Singapore’s Central Business District – Hotel Clover and a commercial building at 36 Hongkong Street. The iconic Hotel Clover, located at 7 Hongkong Street, boasts 27 luxurious rooms and is being offered at a guide price of $27 million. Concurrently, CBRE is also marketing the sale of the commercial building at 36 Hongkong Street, available for $22.6 million.

Spread across six storeys, the boutique hotel occupies a 1,701 sq ft plot with a hotel zoning and a 4.2 plot ratio according to the …

MCL Land, CSC Land Group to launch 501-unit Elta on Feb 20

Despite the potential for new property cooling measures, the influx of government land sale (GLS) sites and upcoming Build-To-Order (BTO) launches, as well as the possible impact of Budget 2025, experts predict a bright year ahead for the real estate market. These were some of the key discussion points at EdgeProp Singapore’s Property Market Outlook event on Sunday, Feb 16, which featured a panel of three industry experts.

The panel, comprising Alan Cheong, executive director of research and consultancy at Savills Singapore; Wong Xian Yang, head of research, …

When it comes to investing in a condo, securing financing is a crucial consideration. Thankfully, Singapore has a variety of mortgage choices available. However, it is imperative to have a clear understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, taking into account their income and existing debt obligations. To navigate this process successfully, investors should seek guidance from financial advisors or mortgage brokers. By doing so, they can make informed decisions about financing options and avoid over-leveraging. For more information on Singapore projects, please visit …

Chiu Teng Group has launched a new freehold B1 industrial factory development, CT Pemimpin, located at 43 Jalan Pemimpin in the Central Region. This project is the latest development from Chiu Teng Group, a renowned developer known for its high-quality commercial and industrial spaces in Singapore.

Strategically located in District 20, CT Pemimpin offers an ideal location for businesses looking for a site that offers excellent accessibility and for property investors looking for a rare permanent investment option.

The nine-storey, partial ramp-up factory offers communal facilities such as two rooftop pavilions, perfect for outdoor gatherings for occupiers or tenants, rooftop …

Lentor Central Residences is set to make its debut on Feb 21 in Lentor Hills, offering a total of 477 residential units. The project, jointly developed by Hong Leong Holdings, GuocoLand and CSC Land, will hit the market on March 8.

This new launch is the sixth at Lentor Hills and features two high-rise residential blocks, one 27-storey and one 28-storey. The development will offer a variety of one- to four-bedroom units, ranging from 463 sq ft to 1,399 sq ft.

Interested buyers can find more information about availability and pricing for Lentor Central Residences.

The developers have revealed that …

Singapore Condo Singapore Condo is a prime investment choice, with location being a crucial factor for success. This is particularly evident in Singapore, where the value of condos in central areas or near essential amenities such as schools, shopping malls, and public transportation hubs tend to appreciate significantly. The likes of Orchard Road, Marina Bay, and the Central Business District (CBD) are renowned for their prime locations, where property values have consistently shown impressive growth. One key reason for this is the high demand for condos in these areas from families, due to their close proximity to reputable schools and …

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Singapore’s limited land availability is one of the leading factors behind the significant demand for condos in the country. Being a small island nation with a fast-growing population, Singapore faces a scarcity of land suitable for development. As a result, strict land use policies are in place, making the real estate market highly competitive and driving property prices up consistently. It is no surprise that investing in real estate, particularly condos, is a lucrative venture with the potential for substantial capital appreciation. With the constant rise in demand, developers are constantly launching new condo projects, making it a popular …

oversubscribed

The latest round of the Home Improvement Programme (HIP) has selected over 29,000 HDB flats for upgrading works, announced HDB in a press release on February 16. This round of HIP will see a budget of over $407 million being allocated to the selected flats, located in 13 different estates across Singapore such as Bedok, Bukit Batok, and Toa Payoh.

The HIP was first launched in 2007 to assist flat owners in addressing common maintenance issues that arise due to wear and tear in older flats. Since then, about 494,000 flats or nine out of ten eligible ones have …

A 3,391 square feet unit with strata-titled ownership and approval for restaurant use has been listed for sale at Bukit Timah Plaza mall. The asking price is set at $9.8 million ($2,890 per square foot), representing a 12% discount from the previous listing price of $11 million during the third quarter of 2022, according to Clemence Lee, CBRE’s executive director of capital markets, who is in charge of marketing the property.

The unit is located in the basement two level of the mall, with a 20-meter frontage facing the central plaza. Lee states that the unit is currently fully leased …