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Casa Fidelio, a landed development located on Fidelio Street in District 15, will soon be launched for collective sale through a tender process on March 20. According to PropNex Realty, which is handling the marketing for the site, the reserve price for the development is set at $24 million, which translates to a land rate of $1,388 per square foot. This marks the first attempt by the owners of Casa Fidelio to sell the property collectively.

Built in 1990, Casa Fidelio consists of seven cluster terraces under strata-title ownership. The development sits on a land area of approximately 17,293 square feet, with a designated residential zoning. The land is also approved for two-storey mixed-landed housing.

Casa Fidelio is located in a prime landed housing enclave, just a short drive away from a range of amenities such as East Coast Park, popular dining and entertainment options at Katong and Joo Chiat, as well as shopping malls like Siglap Village, Siglap Centre, and Bedok Mall. The area is expected to see further development with the upcoming completion of Kembangan Wave, an integrated public housing project that includes a community club, eating house, supermarket, and healthcare facility, situated next to Kembangan MRT Station.

The development is also in close proximity to well-regarded schools, including Opera Estate Primary School, St Stephen’s School, and Victoria School.

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Securing financing is a crucial element when it comes to investing in a condo. In Singapore, there are various mortgage choices available, but it is crucial to have a good understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan an individual can take based on their income and current debt commitments. Being well-versed in the TDSR and consulting with financial experts or mortgage brokers can assist investors in making well-informed decisions about their financing options and prevent them from taking on excessive debt. If you are interested in investing in a condo, consider seeking advice from professionals like Condo to help guide you through the financing process.

According to PropNex, the site offers various possibilities for redevelopment, such as luxury cluster houses, landed terraces, or a standalone property. The regular shape and significant size of the land allow developers to design a project that maximizes both functionality and visual appeal. The property is well-positioned for a transformation into a modern residential development that caters to the demand for landed homes in the East Coast area, says Laurence Wong, head of collective sales at PropNex.

Data shows that the most recent transaction at Casa Fidelio was in September 2020, where a house with a land area of 1,894 square feet was sold for $2.27 million ($1,198 psf). PropNex also notes that in 2020, only two freehold landed homes on Fidelio Street were sold – a terrace house with a land area of 3,423 square feet was sold for $9 million ($2,629 psf on land area), and a semi-detached house with 2,035 square feet of land was sold for $5.38 million ($2,643 psf on land area). The agency also highlights that a recently-built corner terrace on Jalan Bangsawan, which is less than 400m away, was sold for a record price of $3,541 psf in December 2020.

The tender for Casa Fidelio will close on April 22 at 3pm. Interested buyers can check out the latest listings for Casa Fidelio properties or reach out to Ask Buddy, a real estate platform that provides insights and assistance for property transactions. To help with your search, Ask Buddy can also provide information on the most unprofitable landed transactions in the past year, condominium projects with the most unprofitable transactions in District 15, the rental yield for Casa Fidelio, and any available condo rental listings in the area.…

The first private housing Government Land Sale (GLS) site in the upcoming Bayshore precinct has closed on March 18, receiving a total of eight bids. Located on Bayshore Road next to the Bayshore MRT Station, the 99-year leasehold site spans 112,992 sq ft and can yield about 515 units.

The top bid of $658.89 million was submitted by SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings, the Celine and Gordon Tang-controlled entity that holds a majority shareholding in SingHaiyi. This translates to a land rate of $1,388 psf per plot ratio (ppr), just 0.82% higher than the second-highest bid of $653.53 million ($1,377 psf ppr) from Sing Holdings. City Developments submitted the third-highest bid of $620.8 million ($1,308 psf ppr), which was 5.3% lower than Sing Holdings’ bid.

CEO of OrangeTee & Tie, Justin Quek, remarks that the highest bid prices exceeded initial expectations, possibly indicating strong confidence in the potential of the site. Mark Yip, CEO of Huttons Asia, notes that the number of bids received is the highest for a private housing GLS site since January 2022, when a Jalan Tembusu plot (now the site of Tembusu Grand) also received eight bids. He believes that developers may have held back from bidding for other GLS plots to focus on the Bayshore site and its potential. He adds, “The strong sales for the past few months have also increased the need for developers to replenish their land bank.”

Other bidders for the Bayshore Road site include a Frasers Property-led consortium, Kingsford Development, and a Hoi Hup Realty-Sunway Developments joint venture. The bids submitted ranged between $1,252 psf ppr and $1,285 psf ppr. The two lowest bids were from a consortium comprising Hong Leong Holdings, TID, and CSC Land Group at $500.68 million ($1,055 psf ppr) and Sim Lian Group at $485 million ($1,022 psf ppr).

ERA Singapore CEO, Marcus Chu, comments on the significant gap of 36% between the lowest and highest bids, reflecting mixed market sentiments among the bidders. He also points out that SingHaiyi’s bid of $1,388 psf ppr sets a new benchmark for Outside Central Region (OCR) land prices, surpassing the previous threshold of $1,250 psf ppr paid by MCL Land and CSC Land Group in November 2023 for the site of the recently-launched Elta, located at Clementi Avenue 1.

Head of research and content at PropNex, Wong Siew Ying, adds that the new OCR benchmark rivals some GLS plot land rates in the Central Region. Last year, Zion Road Parcels A and B in the Rest of Central Region were awarded at $1,202 psf ppr and $1,304 psf ppr, respectively, while Holland Drive and River Valley Green (Parcel A) sites in the Core Central Region sold for $1,285 psf ppr and $1,325 psf ppr, respectively.

The future project at the Bayshore Road site will be the first private residential development in the new Bayshore precinct, a 60-ha estate situated between East Coast Parkway (ECP) and Upper East Coast Road. This area has been earmarked for about 10,000 homes, with 30% designated for private housing.

CEO of Knight Frank Singapore, Leonard Tay, notes that the new project has a sea view and doorstep access to Bayshore MRT Station, making it the most favorable site in the Bayshore precinct. He adds that it will also benefit from long-term development plans, including the Long Island coastal protection project that will add reservoirs and parks to the Bayshore area.

Investing in a condo in Singapore offers numerous benefits, with one of the most attractive being the potential for capital appreciation. This is largely due to Singapore’s strategic location as a global business hub and its strong economic foundation, which drives a constant demand for real estate. Over time, the property market in Singapore has consistently shown an upward trend, particularly in prime locations where condos have experienced significant appreciation. For investors who enter the market at the opportune time and hold onto their properties for the long haul, there is potential for substantial capital gains. For a wide selection of Singapore projects, check out Homesearch-md.com.

PropNex’s Wong says that there have been no significant private condo launches in the Bayshore area for decades, with only two existing condos, The Bayshore in the 1990s and Costa Del Sol in 2000. This may result in pent-up demand for new private housing, including demand from HDB upgraders in the nearby Marine Parade and Bedok estates. “Riding on the recent positive sales momentum in the primary market and the anticipation of healthy home buying interest for the future Bayshore project, it is no wonder that developers were eager to secure this GLS tender, possibly hoping to gain a first-mover advantage in the area,” she adds.

Taking into account the top bid of $1,388 psf ppr, Wong estimates that the future development at the Bayshore Road site could see an average selling price of over $2,600 psf. Meanwhile, Tay believes prices could start from $2,700 psf and average above $2,800 psf.…

When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary greatly, depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer more favorable rental yields. It is beneficial to conduct extensive market research and seek guidance from real estate agents to gain valuable insight into the rental potential of a specific condo.

In February, there was a continued surge in new private home sales, with developers reporting strong figures, driven by new launches. According to data released by URA on March 17, developers sold 1,575 units (excluding executive condos) last month – a 45.4% increase from January’s 1,083 units. This figure was also over 10 times higher than the 153 units sold in February 2024. It is the highest number of new homes sold in February in the last 13 years, with the last highest figure of 2,417 units recorded in February 2012, notes Tricia Song, CBRE’s head of research for Singapore and Southeast Asia. Including ECs, there were a total of 1,604 units sold last month, with a 45.3% increase from January. So far this year, developers have sold 2,658 units (excluding ECs), surpassing last year’s figure of a similar number of units in eight months, as observed by Leonard Tay, head of Knight Frank Singapore’s research department. There were two major new launches in the Outside Central Region (OCR) that led to the strong performance in February: the 1,193-unit ParkTown Residence in Tampines North and the 501-unit Elta on Clementi Avenue 1. In February, ParkTown Residence recorded 1,041 units sold at a median price of $2,363 per square foot (psf), making it the top-selling project for the month. This translates to an 87% take-up rate in the integrated project, jointly developed by UOL Group and CapitaLand Development. Elta, with 326 units sold at a median price of $2,538 psf, was the second-best performing project by developers MCL Land and CSC Land Group. According to CBRE’s Song, both ParkTown Residence and Elta are situated in suburban neighborhoods that have not seen any new developments in the past five years. This has contributed to their strong performances. Along with these two projects, developers launched a total of 1,694 units for sale in February, which is an 89% increase from the previous month’s 896 units. Furthermore, new home sales in the OCR accounted for a significant 92% of the total units sold in February, recording the best monthly performance in the past nine years (since 1,523 units were sold in July 2015), according to Wong Siew Ying, head of research and content at PropNex Realty. The Rest of Central Region (RCR) contributed 98 units, or 6.2% of the units sold in February. The top-selling RCR project was Pinetree Hill, with 22 units sold at a median price of $2,613 psf. In the Core Central Region (CCR), 25 units were sold, accounting for 1.6% of the total units sold in February. The best-selling CCR project was 19 Nassim, with five units sold at a median price of $3,372 psf. Additionally, four units were sold at One Bernam, with a median price of $2,651 psf. The 351-unit One Bernam, which was launched for sale in May 2021, is now fully sold. Several transactions involving foreign buyers were recorded in February, with Singapore citizens making up the majority of new private home buyers (92.4%), followed by permanent residents (6.9%), and foreigners (11). These include the two most expensive transactions for the month at 32 Gilstead, each selling for $14.47 million and $14.61 million. In February, a total of 603 new private homes (including ECs) were sold in the OCR, with prices of at least $2 million, as noted by Christine Sun, chief research and strategist at OrangeTee Group. This is the highest number of new suburban homes sold at this price range in a single month since URA data became available in 1995. The previous record was set in November 2024, with 512 new homes in the OCR sold for at least $2 million. Of these 603 homes, 596 were non-landed homes, including units from ParkTown Residence (397 units), Elta (145 units), and Hillock Green (16 units). PropNex’s Wong notes that the average unit prices of new launches have “decoupled” from the sub-market where these projects are located. She further explains that while property prices generally follow a pecking order led by the CCR, followed by the RCR, and then the OCR, recent launches indicate that this may no longer always be the case. As an example, Wong points out that The Collective at One Sophia, a CCR project launched in November, has sold 73 units at an average unit price of $2,743 psf, based on URA data up until the end of February. “This is lower than the average transacted price of units sold at Union Square Residences ($3,175 psf) in the RCR, and only slightly higher than that of The Orie ($2,734 psf), also in the RCR,” she continues. Meanwhile, recent OCR launches like Chuan Park, Elta, and Bagnall Haus recorded average unit prices of $2,589 psf, $2,544 psf, and $2,489 psf, respectively, surpassing RCR project Nava Grove, with an average unit price of $2,460 psf. Wong believes that the narrowing price gaps between regions could be due to various factors, including site-specific attributes of projects, amenity-driven pricing, demand by HDB upgraders, and the location of certain projects situated on the cusp of the CCR. She predicts that prices could converge further in the coming months as new RCR projects located just off the CCR, such as One Marina Gardens in Marina South and future developments on Zion Road residential sites, come to market. The strong momentum established at the start of the year is expected to be sustained in March, supported by recent launches such as the 477-unit Lentor Central Residences, the 188-unit Aurea, and the 760-unit Aurelle of Tampines EC. “As of mid-March, these projects have collectively sold over 1,150 units, promising a strong finish to the quarter,” notes Marchus Chu, CEO of ERA Singapore. As a result of the robust first-quarter sales, ERA has revised its projected figure for new private home sales for the entire year to between 8,500 and 9,000 units, up from its previous range of 7,000 to 8,000. Huttons’ Lee estimates that developers’ sales (excluding ECs) will surpass 3,200 units in the first quarter, making it the highest first-quarter sales since 2021. Moving into the second quarter, new launches that are potentially coming up include the 358-unit Bloomsbury Residences, the 937-unit One Marina Gardens, the 638-unit W Residences Singapore – Marina View, and the 107-unit Arina East Residences. Despite the strong momentum established at the beginning of the year, not all projects launched in the upcoming months may perform equally well, cautions Knight Frank’s Tay. “Homebuyer demand will primarily hinge on the specific location and attributes of each specific new project launch, with some projects doing better than others,” he says.…

Singapore Land Authority (SLA) has launched a tender for a collection of twenty heritage bungalows in Sembawang. These two-storey black-and-white bungalows, located along Admiralty Road East, Falkland Road, Auckland Road West and Fiji Road, were built in the 1920s and 1930s and cover an area of about 245,300 sq ft. The properties have a total gross floor area of approximately 94,945 sq ft and will be available for lease for a period of five years, with a possible extension of another four years.

The bungalows are suitable for multi-generational and senior co-living concepts, as well as for commercial use such as serviced apartments, F&B and retail establishments. A maximum GFA of 9,580 sq ft will be allowed for F&B and retail use. The minimum length of stay for serviced apartments is one week.

In summary, there are numerous benefits to investing in a condo in Singapore, including a strong demand, potential for increase in value, and appealing rental yields. However, it is crucial to carefully assess various factors such as location, financing options, government regulations, and market conditions. With diligent research and guidance from professionals, investors can make well-informed decisions and maximize their profits in the constantly evolving real estate market of Singapore. Whether you are a local investor aiming to diversify your portfolio or a foreign buyer in search of a stable and lucrative investment, condos in Singapore, including Singapore Projects, present an enticing opportunity.

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The tender process will evaluate bids based on a combination of price and quality. The deadline for submission is June 11 at 11am, with the winning bid expected to be announced in October. SLA envisions the potential for these bungalows to be repurposed into co-living spaces, pop-up event venues or social impact hubs in the future.

In line with SLA’s efforts to reimagine state properties, this tender presents an opportunity for investors to contribute to the preservation and rejuvenation of Singapore’s heritage. With a diverse range of potential uses, these bungalows have the potential to become unique and vibrant spaces that add value to the local community.…

CapitaLand Integrated Commercial Trust (CICT) has recently announced changes to its board of directors. According to an update released on March 17, Tan Choon Siang will be taking over as the new CEO of the company while current CEO, Tony Tan, will assume the role of Chief Corporate Officer (CCO) at CapitaLand Development. These changes will take effect on May 1, 2025.Tan Choon Siang is currently serving as the Deputy CEO of CICT and will be elevated to the position of CEO and Executive Non-Independent Director of the company. He will also join the Executive Committee (EC) as a member. As for Tony Tan, he will step down as Executive Non-Independent Director and EC member of CICT and take up the role of CCO at CapitaLand Development. Tony Tan has been serving as CEO and Executive Director of CICT since 2017. His leadership was instrumental in the successful merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020, creating Singapore’s largest listed REIT with a market capitalization of $15.5 billion.Tan Choon Siang brings with him a wealth of experience, having previously served as the manager of CapitaLand Malaysia Trust from 2012 to 2022 and as Chief Financial Officer of the manager of CapitaLand India Trust from 2022 to 2025. He has also held the position of Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2025.

When it comes to investing in a condominium, securing financing is a crucial step. Fortunately, Singapore offers a variety of mortgage choices. However, it is important to take into consideration the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, based on their income and current debt obligations. Familiarizing oneself with the TDSR and seeking guidance from financial advisors or mortgage brokers can help investors make informed choices about their financing options and prevent excessive borrowing. If you are considering investing in a condominium in Singapore, it is recommended to consult with a financial advisor or mortgage broker to carefully navigate the TDSR framework. As Singapore Condo investments can be lucrative, it is important to make wise financing decisions to avoid overstretching one’s finances.…

with suite of tenant amenitiesHomegrown global asset management and development company Keppel is shifting its focus to other projects following the completion of its latest project, Keppel South Central. According to Samuel Ng, president of Keppel’s real estate division in Singapore, the development of Keppel South Central serves as a showpiece for the company.

The former Keppel Towers and GE Tower, now named Keppel Towers 1 and 2 respectively, were completed in 1991 and 1993. After the completion of Keppel South Central, the company is planning to pivot to other brownfield redevelopment projects.

Keppel South Central, located along Hoe Chiang Road in Tanjong Pagar, will offer approximately 650,000 square feet of office, retail, and event space. With typical office floors ranging from 20,000 to 22,000 square feet and a ceiling height of 3.2 meters, the property is expected to bring in a lot of potential tenants.

Currently, almost half of the tower’s office space and retail units have either been leased or are in the process of negotiation. The first anchor tenant, a financial services group, has already leased two floors, and office occupants are expected to start moving in as early as June.

In addition to office spaces, Keppel South Central has also introduced retail and event spaces on the ground floor, health and wellness spaces on the fifth and sixth floors, and a landscaped terrace on the 18th floor. Furthermore, the building also has end-of-trip facilities on Basement 1.

The newly renovated property has been equipped with modern technology such as facial recognition access, 5G Wi-Fi, and an indoor air-quality management system, making it on par with other Grade-A office buildings in the CBD. The building was also designed to support the needs of its tenants, accommodating after-hours operations with micro ACUs for localized cooling and smart building management systems to optimize energy usage.

Keppel South Central is a testament to the company’s focus on sustainability and urban renewal. The property has been certified by BCA as a Green Mark Platinum Super Low Energy building, with an estimated annual energy savings of 6.2 million kilowatt hours, equivalent to the power consumption of 1,300 homes in Singapore.

This impressive feat was made possible by incorporating green solutions that were previously tested at their other property, Keppel Bay Tower. In 2018, Keppel Land leveraged a BCA grant to test five new technologies in the building, making it Singapore’s first zero-energy commercial building in 2020.

The success of Keppel South Central has inspired the company to replicate the model across the region. Ng explains that the majority of office buildings across Asia Pacific will fail to meet the new standards for Grade-A office space since most of them were built in the 1990s or earlier. With the demand for green-certified properties on the rise, this presents an opportunity for sustainability-focused retrofits.

Investing in a condominium offers a range of benefits, one of which is the opportunity to leverage its value for future investments. Many investors use their condo properties as collateral to obtain financing for new ventures, thus expanding their real estate portfolio. While this tactic can lead to higher returns, it is crucial to have a sound financial plan in place and carefully consider the potential impact of market fluctuations. For those looking into Singapore projects, this approach can be advantageous in diversifying their investment opportunities. Singapore Projects should be added to rewritten paragraph.

To fund the redevelopment of brownfield projects across the region, Keppel has announced the first close of its flagship Keppel Sustainable Urban Renewal Fund (KSURF), with total funds under management of over $2.3 billion. The company’s in-house capability to execute the renewal works themselves gives them a competitive advantage over other asset managers.

After acquiring the asset, Keppel will complete the asset enhancement works, stabilise occupancy, and divest it within the fund’s life of seven years. To date, the company has applied its SUR initiative to eight projects across five countries, with three more projects in progress.…

When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. Rental yield is the yearly rental income as a percentage of the property’s buying price. In Singapore, rental yields for condos can fluctuate significantly depending on factors such as location, property condition, and market demand. High-demand areas, such as those near business districts or educational institutions, typically offer more attractive rental yields. It is essential to conduct thorough market research and seek advice from real estate agents to gain valuable insights into the rental potential of a specific condo. To find the best opportunities in the Singapore condo market, check out Singapore Projects.

A rare opportunity to own a 99-year leasehold semi-detached house in the sought-after Kew Vale estate is coming up at SRI’s next auction on March 15. The spacious three-storey property, with a guide price of $3.65 million, sits on a 3,034 sq ft corner plot on Kew Heights in District 16. This translates to a land rate of $1,203 psf, making it one of the most attractively priced properties in the area.The property, which is being sold by a mortgagee, will be offered with vacant possession, making it an ideal opportunity for both home buyers and investors alike. It boasts a generous floor area of 4,436 sq ft over three floors, providing ample space for extended and multi-generational families. The ground level features a living hall with a double-volume ceiling, an adjoining dining area, a kitchen and a helper’s room, while the upper two levels consist of six bedrooms, a family area and a storeroom.Additionally, the property includes a car porch and a backyard area. According to Mok Sze Sze, managing partner of auctions and sales at SRI, buyers may even have the opportunity to convert some of the open spaces into additional bedrooms, further increasing its value and potential.Standing out as a property with one of the lowest land rates in the area, the guide price of $1,203 psf presents a great opportunity for savvy buyers to get their hands on a sought-after piece of real estate. According to URA caveats, the property last changed hands in November 2021 for $3.19 million ($1,051 psf).Over the past year, two other 99-year leasehold properties in the Kew Vale estate have been sold. In February, a three-storey semi-detached house along Kew Heights was sold for $3.35 million, reflecting a land rate of $1,398 psf. In January, a three-storey terraced house along Kew Drive was sold for $3.26 million ($1,417 psf).Prices for 99-year leasehold properties in the Kew Vale estate have been on the rise in recent years, with an average land rate of $1,213 psf recorded across seven transactions between 2023 and 2024. This is a significant increase from the average land rate of $1,002 psf for seven transactions between 2021 and 2022.The property is conveniently located near major motorways such as the East Coast Parkway (ECP) via Bayshore Road, and is set to benefit from the upcoming Bedok South MRT Station along the Thompson-East Coast Line, due to open in the second half of 2026. Families with children will also appreciate the numerous reputable schools in the area, such as Temasek Primary and Secondary Schools, Bedok South Secondary and Bedok View Secondary. Don’t miss this rare opportunity to own a spacious and well-priced 99-year leasehold semi-detached house in the desirable Kew Vale estate.…

The penthouse at the Trizon condo on Ridgewood Close has fetched the highest profits in a resale transaction during the week of February 25 to March 4. The unit, which measures 5,737 sq ft and is located on the 23rd floor, was sold for $9.76 million ($1,701 psf) on February 27. This is a significant increase from its purchase price of $6.55 million ($1,142 psf) in March 2016, earning the seller a profit of $3.2 million (49%), and an annualized gain of 4.5% over nine years. This sale also earns the distinction of being the second most profitable resale transaction at The Trizon. The record was set two years ago when a 7,083 sq ft penthouse sold for $11 million ($1,553 psf) in August 2023. This unit was originally purchased for $7.1 million ($1,002 psf) in November 2019, resulting in a record profit of $3.9 million (55%), and an annualized gain of 12% over four years.

The Trizon is a freehold development located in prime District 10. It is situated near the Mount Sinai landed enclave, as well as the private residential estates of Pandan Valley and Pine Grove. Other private residential developments in the area include Pandan Valley, as well as two new 99-year leasehold projects – Pinetree Hill with 520 units and Nava Grove with 552 units.

The average resale price at The Trizon is about $2,017 psf, according to a tabulation of resale caveats by EdgeProp Singapore. Nearby Pandan Valley, which boasts 605 units, has an average price of $1,449 psf. Meanwhile, the Ridgewood condo, which is a 999-year leasehold development with 425 condo units and 38 landed units, commands an average price of $1,728 psf.

Pinetree Hill, which was launched for sale in July 2023, has seen units sold this year at an average price of $2,550 psf, compared to an average of $2,458 psf from its launch to end-2024, based on caveats lodged. The 520-unit development is already 78% sold. On the other hand, the 552-unit Nava Grove, which was launched in November last year, has achieved an average selling price of $2,460 psf, and is already 75% sold.

Another resale transaction that made handsome profits during the week was a 1,442 sq ft unit at Haig Court on February 27. The three-bedroom unit on the third floor changed hands at $2.84 million ($1,968 psf), having been bought for just $798,868 ($554 psf) in 2005. This means that the seller earned a profit of $2.04 million (255%) in just 19 years, with an annualized gain of 6.8%.

Haig Court is a freehold development located on Haig Road in District 15. Completed in 2004, this 360-unit development is centrally located in Marine Parade and is close to popular shopping malls such as Katong Shopping Centre, Roxy Square, and I12 Katong. It is also near renowned schools like Chung Cheng High School, Tanjong Katong Girls’ School, Tanjong Katong Secondary School, and the Tanjong Katong campus of the Canadian International School.

Haig Court is situated near two new 99-year leasehold private residential projects – the 846-unit Emerald of Katong and the 638-unit Tembusu Grand. Other new projects in the vicinity include The Continuum, an 816-unit freehold development on Thiam Siew Avenue, and Grand Dunman, a 1,008-unit 99-year leasehold project on Dunman Road.

In 2023, Haig Court recorded eight resale transactions, with prices ranging from $1,719 psf to $2,226 psf. Profits from these transactions ranged from $450,000 to $2.06 million.

There have only been two resale transactions at Haig Court so far this year. The other sale earlier this year was a 1,453 sq ft unit that fetched $3.02 million ($2,078 psf) when it was sold on January 17. The seller earned a profit of $2.13 million.

The most unprofitable resale transaction during the week took place at Orchard Scotts, where a 2,228 sq ft unit sold for $3.78 million ($1,696 psf) on February 25. However, this unit was originally purchased for $4.35 million ($1,955 psf) in 2010, resulting in a loss of $576,000 (13%) on the sale, with an annualized loss of 1% over 15 years.

The demand for condos in Singapore is at an all-time high, largely due to the limited availability of land. As a small island nation experiencing a rapidly growing population, Singapore is faced with the challenge of meeting the demand for development land. As a result, strict land use policies are in place and the real estate market is highly competitive, causing property prices to continuously rise. As a result, investing in real estate, particularly condos, has become a profitable venture with the potential for significant capital appreciation. Condos have become an attractive option for investors in Singapore’s competitive real estate market.

According to a compilation of resale caveats at Orchard Scotts, the resale price has been declining in recent years. In March 2010, units were typically going for about $2,061 psf, but this has reduced to $1,747 psf by March 2020. Average resale prices have marginally increased in recent months, averaging about $1,760 psf last month.

Orchard Scotts is a 99-year leasehold condo on Anthony Road, off Clemenceau Avenue North in prime District 9. Completed in 2008, the 387-unit condo features a mix of two- to five-bedroom units ranging from 936 sq ft to 4,435 sq ft.…

The decision to invest in a Singapore condo is gaining traction among both domestic and international investors, given the country’s strong economy, stable political climate, and exceptional quality of life. With a thriving real estate market, Singapore presents a wealth of opportunities for investors, with condos particularly standing out for their convenience, amenities, and promise of lucrative returns. This piece will delve into the advantages, factors to consider, and necessary measures to take when venturing into a Singapore condo investment. To aid in your search for the perfect condo, check out Singapore Condo.

Park Infinia at Wee Nam sold for $95 mil Profit $1.2 milResale prices of 99-year leasehold Sky Vue climb to new high of $1,934 psfThe Esta Takes Top Spot for New Psf-Price Highs in February 2021A unit at The Esta has achieved the highest psf-price for private condos in the period of February 21 to 28. The freehold development recorded a new price peak of $2,377 psf when a 1,001 sq ft unit changed hands for $2.38 million on Feb 26. The sellers of the seventh-floor unit purchased it for $1.83 million in March 2021, making a profit of approximately $545,000.The recent transaction eclipses the previous record price of $2,317 psf set in January last year when a 1,346 sq ft unit on the 13th floor was sold for around $3.2 million.Over the last three years, resale prices at The Esta have been on a steady increase. In 2022, the development recorded 10 transactions with an average psf-price of $2,012. The average price climbed to $2,156 across nine resale deals in the following year. Last year, another nine units were resold at an average price of $2,248 psf, reflecting an 11.7% increase in average resale prices since 2022.In terms of absolute price, the most expensive unit sold at The Esta was a 3,477 sq ft, five-bedroom apartment on the 21st floor, going for $6.25 million or $1,798 psf in October 2021.Apart from The Esta, other condos also achieved new high psf-prices in the review period. Citylights, a 99-year leasehold development in District 8, saw a 4.4% increase from the previous psf-price peak set in December last year. A 893 sq ft, two-bedroom unit on the 26th floor of Citylights changed hands for $1.98 million, or $2,216 psf, on Feb 27. The sellers purchased the unit for $1.44 million in April 2019, making a profit of approximately $542,000.D’Leedon, a 99-year leasehold development in District 10, also registered a new psf-price record of $2,287 when a 1,421 sq ft, three-bedroom unit on the 29th floor was sold for $3.25 million on Feb 25. The highest transaction recorded at the development was for a 2,110 sq ft, four-bedroom unit, going for $4.6 million, or $2,180 psf, in October last year.Since the start of the year, a total of 11 units have been sold at D’Leedon, with an average price of $2,065 psf. The lowest psf-price recorded in 2021 was for a 743 sq ft, one-bedroom unit on the 10th floor, selling for $1.41 million, or $1,898 psf, on Feb 13.The Esta is a freehold development comprising 400 units spread across five residential blocks along Amber Gardens. Completed in 2008, the project offers a range of two- to four-bedroom apartments, with sizes ranging from 1,001 sq ft to 1,711 sq ft, as well as penthouses ranging from 2,368 sq ft to 3,477 sq ft. The development is within walking distance of Tanjong Katong MRT Station on the Thomson-East Coast Line and is near lifestyle hubs such as Katong Shopping Centre and Katong V.In terms of unit type, a two-bedroom unit at The Esta was sold for $2.38 million on Jan 30, setting a new psf-price record of $2,377 for the freehold condo. D’Leedon, on the other hand, offers a mix of one- to four-bedroom units, spanning sizes from 592 sq ft to 6,534 sq ft. Completed in 2014, the condo development is just a stone’s throw away from Farrer Road MRT Station on the Circle Line and is also close to Empress Road Market and Food Centre.Citylights, a 600-unit 99-year leasehold development, is situated along Jellicoe Road in Kallang, District 8. Completed in 2007, the project offers a range of one- to four-bedroom units, with sizes ranging from 560 sq ft to 3,875 sq ft. The condo is a one-minute walk from Lavender MRT Station and is near dining and retail options such as Aperia Mall and Kitchener Complex.Overall, there were no new psf-price lows recorded during the period in review. This suggests that the private condo market remains resilient, with demand for high-end properties staying strong despite the current economic climate.…