Month: February 2025

Mandarin Gardens, a 1,006-unit condo in District 15, recorded the most profitable resale transaction during the week of Feb 7 to Feb 14. The 3,800 sq ft, four-bedroom unit fetched $4.88 million, or $1,284 psf, on Feb 11. The previous owner had purchased the unit for $1.05 million ($276 psf) in June 2003, resulting in a profit of $3.83 million, or 364.8% of their original purchase price. This translates to an annualised capital gain of 7.4% over 21½ years.Mandarin Gardens, which spans 17 blocks ranging from nine to 23 storeys along Siglap Road, is a 99-year leasehold condo with about …

Hill House, a 999-year leasehold development located at the top of Institution Hill, off River Valley Road, recently achieved a new peak psf-price of $3,398. This came after a two-bedroom unit on the eighth floor was sold for $1.54 million on Feb 16. This transaction marginally surpassed the previous peak of $3,378 psf set on Feb 11, when another two-bedroom unit on the eighth floor was sold for $1.53 million.

Since its launch in 2022, Hill House, a 72-unit boutique condo in prime District 9, has proven to be a popular choice among buyers. It comprises 40 one-bedroom units of …

Chiu Teng Group has a strong track record of delivering top-notch commercial and industrial spaces in Singapore, and it continues to impress with its latest launch – CT Pemimpin. This new freehold development is sure to please property investors and business owners on the lookout for a prime piece of land in Singapore’s land-scarce market.

Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up B1 industrial building. It comprises of 56 strata-titled units and three canteen units, with floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors located on …

Two freehold shophouses in Geylang for sale at $2.45 mil eachSelect Group acquires shophouse in Balestier Road for $20 milA pair of adjoining retail units on the third floor of Sim Lim Square will be up for auction by ERA on February 27, with a collective guide price of $3.38 million.The first unit, measuring 958 square feet, is listed at a guide price of $2.08 million or $2,171 per square foot. The second unit is slightly smaller at 570 square feet, with a guide price of $1.28 million or $2,246 per square foot.AdvertisementAdvertisementThis owner’s sale marks the first time both …

Anderman Architects’ new design for 98-unit condo at Upper SerangoonThe EC market in review

As a retiree, Mr Chong has been able to help his three sons when they were setting up their own homes. His oldest son purchased a private condo, while his two younger sons bought executive condos (ECs). According to Chong, buying an EC at a new launch is an obvious choice. Even if you purchase one shortly after the five-year minimum occupation period (MOP), it’s still a good entry price. He has personally experienced this, as his second son bought a three-bedroom unit at Hundred Palms …

According to C9 Hotelworks, a well-known hospitality consultancy in Asia, the market value of branded residential projects in Asia has reached a record high of US$26.6 billion ($35.5 billion). This is attributed to the availability of more than 68,000 luxury units in the market.

Leading the way in Asia is Vietnam, with a total of 17,680 branded residential units across 59 properties. The average price per square foot (psf) of a branded residential unit in Vietnam is about US$350. In second place is Thailand, with 16,271 branded residential units across 65 properties. The average price of a branded residential unit …

Malaysian property developer, UEM Sunrise, and Singapore-listed GuocoLand have recently signed the first Johor-Singapore Special Economic Zone (JS-SEZ) Memorandum of Understanding (MOU) between two private companies, according to a press release on Feb 27. This partnership aims to jointly develop UEM Sunrise’s selected freehold land in Iskandar Puteri, Johor in order to accelerate growth within the JS-SEZ. The signing ceremony took place at the inauguration of UEM Sunrise Gallery Iskandar Puteri, a showcase of the company’s vision for Iskandar Puteri.

Iskandar Puteri, which is Flagship Zone B of the JS-SEZ, has a focus on various sectors such as manufacturing, business …

UEM Sunrise, a Malaysian property developer, and GuocoLand, a Singapore-listed company, have recently signed a memorandum of understanding (MOU) to jointly develop UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor. This is the first MOU between private companies from Malaysia and Singapore for the Johor-Singapore Special Economic Zone (JS-SEZ). The signing of the MOU took place on Feb 27, along with the opening of UEM Sunrise Gallery Iskandar Puteri, which showcases the group’s vision for the development.

Iskandar Puteri is part of Flagship Zone B of the JS-SEZ and focuses on various sectors such as manufacturing, business services, education, …

Main image: The two Chinese real estate groups, Xiamen ITG Real Estate Group and Gemdale Corporation, have partnered with Frasers Property to acquire a residential site in Shanghai, China at the cost of RMB815.2 million ($151.9 million).

Frasers Property has recently announced a partnership with two major Chinese real estate groups for the acquisition of a residential site in Shanghai, China. The joint venture (JV) partners were able to secure the site for RMB815.2 million (approximately $151.9 million) through a successful tender from the Shanghai Municipal Bureau of Planning and Natural Resources.

The other JV partners in this venture include …

Investing in a condo in Singapore has emerged as a favored option for both local and foreign investors, thanks to the city-state’s thriving economy, sound political climate, and exceptional quality of life. With its dynamic real estate market, Singapore presents a range of opportunities, with condos being particularly attractive for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, considerations, and necessary steps involved in investing in a Singapore condo.

Kwek Leng Beng, executive chairman of City Developments (CDL), issued a second statement on Feb 27 stating that the “serious lapses” of …