Month: February 2025

3 Orchard By-The-Park, a freehold luxury condominium, is offering a four-bedroom duplex apartment for sale through an expression of interest exercise (EOI) at a guide price of $15.8 million. The unit, marketed by Huttons Asia, boasts a spacious 3,800 sq ft layout, translating to a price of approximately $4,158 psf.

The unit features a 4m high ceiling and a private lift, with three of the four bedrooms having ensuite bathrooms. It underwent a major renovation three years ago, with a total cost of over $700,000, according to Huttons.

Ultimately, purchasing a condo in Singapore offers a plethora of benefits, ranging …

The shophouse market has remained relatively quiet in 2024, with only 84 caveated transactions recorded according to Huttons Asia’s latest quarterly research report. This number is significantly lower than the yearly average of 200 shophouse deals recorded between 1995 and 2023.

Lee Sze Teck, senior director of data analytics at Huttons Asia, notes that although several buyers did not lodge a caveat, the number of shophouse deals in 2024 is likely the lowest since 1998. The total value of the 84 caveated transactions in 2024 amounted to $683.6 million, a 38.9% decrease from the $1.1 billion recorded in the previous …

CBRE’s Latest Report Predicts Divergent Outcomes in Singapore’s Real Estate Market in the Next 12 Months

According to the recently released CBRE Singapore Market Outlook 2025 report, the uncertain macroeconomic outlook may result in divergent outcomes across the real estate market in the next 12 months.

On one hand, the property market may continue to experience some relief from easing inflation and interest rates. However, the managing director and advisory services at CBRE, Moray Armstrong, warns that expectations of slowing economic growth in 2025 could negatively affect property demand.

The Ministry of Trade and Industry is projecting Singapore’s GDP growth …

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Condominiums, often referred to as condos, have become highly sought after in Singapore due to the scarcity of land. As a small island nation with a rapidly expanding population, finding suitable land for development is a challenge. As a result, strict land use regulations and a fiercely competitive real estate market have driven property prices up. This has made investing in real estate, particularly in condos, a profitable venture with the potential for capital appreciation. Condos are in high demand due to their limited availability in the bustling city-state of Singapore.

The unprofitable deal at Marina Bay Suites came …

There is a new way of buying a property without a bank loanAdra Hill could be the most anticipated new development of 2021 in Singapore

Watertown, the residential component of the Waterway Point integrated development in Punggol, will see a three-bedroom unit up for auction through SRI on Feb 26.

The 1,281 sq ft unit, currently under a mortgagee sale, has a guide price of $2.4 million, which translates to around $1,874 per square foot. The same unit was previously listed in SRI’s January auction with the same guide price, but only received one bid before being withdrawn due to …

The government has made an important announcement regarding the Central Business District Incentive (CBDI) and Strategic Development Incentive (SDI) schemes. These schemes, first introduced in November 2019, have been extended for the next five years. Minister of National Development (MND), Desmond Lee, shared the news at the recent Real Estate Developers’ Association of Singapore (Redas) annual Spring Festival lunch on Feb 7th.

The CBDI scheme aims to promote the conversion of older office buildings in certain areas of the Central Business District (CBD) into mixed-use developments. These areas include Tanjong Pagar, Robinson Road, and Shenton Way. The goal is to …

Perennial Holdings and Far East Organization have announced their latest project, Aurea, a luxury apartment tower located in the Golden Mile Singapore mixed-use development along Beach Road. This 45-storey tower, designed by DP Architects, offers 188 units and sits on a sprawling 144,908 sq ft site.

Set to launch on March 8, Aurea has already received much interest due to its prime location in District 7, which falls within the Core Central Region (CCR) of the Downtown Core. The development boasts a link bridge connecting it to The Golden Mile, a commercial building that houses retail spaces, medical suites, and …

Perennial Holdings and Far East Organization have announced plans for Aurea, a luxury apartment tower located within the Golden Mile Singapore mixed-use development on Beach Road. The 45-storey tower, designed by DP Architects, will feature 188 units and occupy a site area of 144,908 sq ft. It will also have a link bridge connecting it to the neighbouring The Golden Mile, a commercial building with a mix of retail space, medical suites, and offices.

The Golden Mile, formerly known as Golden Mile Complex, is a conserved building with a rich architectural heritage. It is also the first collective sale and …

MCL Land and CSC Land Group are gearing up to launch their latest project, Elta – a 501-unit residential development in the Clementi neighborhood. The property has been scheduled for preview on February 7 and will be open for public sales starting February 22.

Located on a 99-year leasehold land covering an area of approximately 144,788 sq ft, Elta consists of two 39-storey residential buildings. The units range from one-bedroom-plus-study to five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. The development will be built in accordance with URA’s harmonisation guidelines, as stated by the joint …

Two-storey industrial building near Tuas Second Link on sale for $8mJTC launches tender for two industrial sitesJTC launches two Industrial GLS sites for 1H2020version:A state-of-the-art warehouse and factory, situated in the prime location of Gul Circle, is now available for purchase through an expression of interest with a recommended price of $42 million, according to the exclusive marketing agent, Knight Frank Singapore.The facility boasts a five-storey single-user warehouse and factory leased by JTC, along with a mezzanine consisting of four floors. With a total gross floor area spanning approximately 245,955 sq ft, this property offers expansive space for industrial operations.The …