Month: November 2024

Singapore’s cityscape is defined by towering skyscrapers and state-of-the-art infrastructure. Condominiums, strategically situated in desirable locations, offer a perfect mix of extravagance and practicality that appeals to both locals and foreigners. These residential complexes boast a plethora of facilities, including swimming pools, fitness centers, and security services, elevating the overall living experience and making them highly sought-after by prospective tenants and buyers. Recognizing the potential for long-term gains, investors are also drawn to these properties due to their potential for high rental returns and appreciation in value over time. In fact, with the introduction of new condo launches, the …

City Developments sells 135 units at Sengkang Grand Residences over the weekendSales at Novo Place, a 504-unit Executive Condominium (EC) jointly developed by Hoi Hup Realty and Sunway Developments, kicked off on the morning of 16 November.According to Mark Yip, chief executive officer of Huttons Asia, the launch saw strong take-up as 286 units, or 57 percent, were sold at an average price of $1,654 per square foot (psf).”This is a robust demand from buyers seeking an affordable private residential lifestyle,” he said.”However, the take-up rate could have been even higher if not for the 30 percent quota for second-timers. …

On November 15th, the Real Estate Developers’ Association of Singapore (REDAS) celebrated its 65th anniversary. In his welcome speech at the anniversary dinner, held at the Marina Bay Sands ballroom, REDAS president Tan Swee Yiow remarked that turning 65 may mean receiving CPF [Central Provident Fund] retirement payouts for some. The guest of honor at the event was Singapore’s President Tharman Shanmugaratnam. REDAS, originally known as the Singapore Land and Housing Developers’ Association, was founded in 1959, six years before Singapore became independent. Its founders were visionary developers who played a crucial role in shaping the nation’s real estate landscape. …

The Real Estate Developers’ Association of Singapore (REDAS) recently marked a significant milestone, celebrating its 65th anniversary at a grand dinner event held at Marina Bay Sands on Nov 15. At the event, REDAS President Tan Swee Yiow highlighted the significance of turning 65, which for some, means receiving Central Provident Fund (CPF) retirement payouts.

Gracing the occasion as the guest of honour was Singapore’s President Tharman Shanmugaratnam. REDAS, initially known as the Singapore Land and Housing Developers’ Association, was founded in 1959, six years before the country gained its independence. The association’s visionary founders played a pivotal role in …

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. Located in desirable locations, condos offer an enticing combination of opulence and convenience, appealing to both locals and foreigners. These residential buildings are equipped with various facilities, including swimming pools, fitness centers, and security services, elevating the standard of living and making them a sought-after choice for potential renters and buyers. Moreover, for investors, these attractive features result in lucrative rental returns and a steady increase in property values over time. Explore Singapore Projects to experience the epitome of luxury living in the city.

Tuan Sing Holdings, a property developer …

A two-storey HDB shophouse along Bukit Merah Central will be up for auction by SRI on November 27. With a floor area of 1,582 sq ft, the shophouse has a guide price of $2.55 million or $1,612 psf. This is an owner’s sale and the property is being auctioned for the first time, according to Eric Liew, manager of auction sales at SRI. The owner is looking to liquidate their investment. The property has a remaining lease of 59 years and a tenure of 103 years from 1980. The ground floor, which occupies 732 sq ft, is zoned for commercial …

Investing in a condo requires careful consideration of financing options. Singapore boasts a variety of mortgage choices, but it is crucial to understand the Total Debt Servicing Ratio (TDSR) framework. This framework sets limits on the amount of loan a borrower can obtain, taking into account their income and current debt commitments. To make informed decisions about financing, it is beneficial to work with financial advisors or mortgage brokers who can explain the TDSR and assist in avoiding over-leveraging. For more information on financing for Singapore condos, consulting with these professionals is highly recommended.

Singapore-listed property developer and investment …

Therefore, despite a decrease in the number and value of caveated shophouse transactions in 3Q2024, interest in this market segment remains strong. According to Huttons Asia’s latest quarterly shophouse market report, there were 18 caveats registered for shophouse transactions, compared to 21 in the previous quarter. The total transacted value of these shophouses was $138.9 million, a decline of 28.8% from the previous quarter’s $195.1 million. However, this is still a significant increase from the same period in 2023, where only 31 shophouses were sold for a total of $278.6 million. Additionally, despite a 46.1% decline in the number of …

CapitaLand Development (CLD) has received an overwhelming response to its two latest projects in Vietnam. The developer kicked off an exclusive preview of Orchard Hill on Oct 26, which is the second phase of Sycamore, located in Binh Duong New City, about 30km from Ho Chi Minh City. Sycamore is a joint venture with United Overseas Australia and features 3,500 freehold units comprising a mix of low-, mid-, and high-rise developments. Within a short period of time, 694 units, or 90% of Orchard Hill, have been booked. One- and two-bedroom units are the most sought-after among buyers. The project is …

In summary, purchasing a condominium in Singapore presents a plethora of benefits, including but not limited to robust demand, potential for capital appreciation, and appealing rental yields. Nevertheless, it is crucial to diligently consider crucial factors, such as location, financing options, government regulations, and prevailing market conditions. With thorough research and guidance from experts in the field, investors can make well-informed decisions and maximize their profits in Singapore’s ever-evolving real estate market. Whether you are a local investor seeking to diversify your investment portfolio or a foreign buyer in search of a stable and lucrative opportunity, Singapore’s condominiums offer an …