Condo Belle

According to the latest HDB flash estimates released on Jan 2, resale flat prices increased by 2.5% on a quarterly basis in the fourth quarter of 2024, a slight deceleration from the 2.7% growth seen in the previous quarter. This marks the 19th consecutive quarter of price growth in the HDB resale segment.

The flash estimates also showed that HDB resale prices rose by 9.6% in 2024, which is nearly double the 4.9% growth recorded in 2023. However, this growth was slower compared to the 10.4% increase in 2022 and the 12.7% rise in 2021, according to Christine Sun, chief …

It is crucial to take into account the upkeep and management of a condominium when making an investment. Condos usually have maintenance fees that encompass the maintenance of shared spaces and amenities. Although these fees may increase the total cost of owning a condo, they also guarantee that the property maintains its worth and stays in good condition. To make the investment less hands-on, hiring a property management firm can be beneficial in handling the daily management of the condominium. Additionally, keeping an eye on new condo launches can present new opportunities for investors.

Recently released flash estimates by Housing …

Property developer Roxy-Pacific Holdings will be showcasing their newest project, the 113-unit Bagnall Haus, along Upper East Coast Road on Saturday, Jan 4. The freehold development was previously known as Bagnall Court and was purchased by Roxy-Pacific for $115.28 million in February 2023, which works out to a land rate of $1,106 per square foot per plot ratio.

The newly developed property consists of a five-storey block with 113 apartments and two shop units. The units range from one-bedroom plus flexi, starting at 495 square feet, to five-bedroom apartments of 1,528 square feet. Prices for a one-bedroom plus flexi unit …

The Orie, a 777-unit private condo, is set to be previewed on Jan 3 and officially launched on Jan 18. Located at Lorong 1 Toa Payoh, the development is a joint venture between City Developments Limited (CDL), Frasers Property, and Sekisui House. The units are spread across twin 40-storey towers and are priced from $1.28 million for a one-bedroom plus study unit of 517 sq ft to $3.48 million for a five-bedroom unit of 1,453 sq ft with an exclusive private lift.The Orie is the first new launch of a private condo in Toa Payoh since 2016 when Gem Residences, …

ERA Singapore has announced that, effective Jan 1, it will no longer cover the annual Council for Estate Agencies (CEA) license renewal fees for its real estate agents. This change comes after seven years of ERA’s continuous support for its agents, including during the COVID-19 pandemic.

According to a statement released by ERA, this decision will allow the company to allocate resources towards initiatives that promote growth and success for its top-selling agents, as well as benefit consumers.

However, ERA will still offer support to new agents by covering their renewal fees for the first two years, a common industry …

On January 1, SRI, a reputable real estate agency, announced the addition of 111 agents from Knight Frank Singapore’s agency business, KF Property Network (KFPN). This includes KFPN’s head, Evan Chung, who has joined as a leader within the firm. The 111 agents now make up 40.5% of the sales force at KFPN, which was ranked as the sixth-largest property agency by the Council for Estate Agencies (CEA) as of January 1, 2024. SRI, with 1,286 agents at the beginning of 2024, was already the fifth-largest property agency. With the addition of the 111 agents from KFPN, along with new …

In the coming year, three new executive condos (ECs) are scheduled to be launched, with the highly anticipated Aurelle of Tampines by Sim Lian Group leading the pack. Located in Tampines Street 62, the 760-unit development is expected to make its debut in the first quarter of 2025, most likely after the Lunar New Year. This launch follows the success of the 846-unit Emerald of Katong, which has sold over 99% of its units.Sim Lian Group acquired the site in Tampines Street 62 (Parcel B) for $543.28 million through a government land sales (GLS) tender that concluded in October 2023. …

Is it a Good Deal?: Losses abound for freehold resale condos in District 10Resale deals at Ardmore Park, a luxury condo located in prime District 10, saw some of the highest profits in 2024. The freehold development accounted for the first, second, and fourth most profitable condo resale transactions this year, according to the caveats lodged with the Urban Redevelopment Authority as of December 17th. This trend indicates the strong demand for luxury properties in the Ardmore-Draycott enclave.Recently, the sale of a four-bedroom, 2,885 square feet unit on the 26th floor of Ardmore Park on February 16th, brought in a …

Taking the leap into investing in a condominium requires careful consideration not only of the property itself but also its maintenance and management. Among the many advantages of condo living is the convenience of having maintenance fees that cover the upkeep of shared spaces and facilities. While these fees may increase the overall cost of ownership, they also guarantee the property’s upkeep and value. To make the investment even more hassle-free, hiring a property management company can handle the day-to-day management of the condo, making it a more passive investment. Looking for promising New Condo Launches can also be a …