Month: January 2025

A rare opportunity has arisen to acquire a freehold loft hotel, consisting of 15 rooms, at 739-1 Geylang Road in District 14. The property, with its newly constructed 4-storey rear extension, sits on a 1,273 sq ft plot and boasts an approved gross floor area (GFA) of up to 3,186 sq ft. Its notable ‘Hotel’ zoning and usage approval sets it apart, making it an exclusive choice for new conservation shophouses conversion in Singapore. This designation not only adds to the property’s long-term investment appeal, but also offers exceptional operational flexibility.

The hotel’s prime location, a mere 5-minute walk from Paya Lebar MRT station, provides unrivaled connectivity. As a dual-line station serving both the East-West and Circle lines, guests have seamless access to various parts of Singapore.

Investing in a condo requires careful consideration of financing, as it is a crucial aspect of any investment. For investors in Singapore, there is a variety of mortgage options available, but it is crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can acquire, taking into account their income and current debt obligations. As such, understanding the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making well-informed decisions about their financing options and avoiding potential over-leveraging. In addition, exploring Singapore projects can also provide valuable insights and resources for investors in their search for suitable financing options.

The hotel, designed with a sophisticated Japandi theme, is currently undergoing construction and is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price is comprehensive, covering all construction and renovation costs, making the property move-in ready upon purchase. This makes it a perfect turnkey investment for those looking to venture into or expand their presence in the hospitality sector.

For investors, this property presents an attractive proposition as the current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. This allows for immediate rental income and operational continuity. Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, predicts that the hotel will appeal to owner-operators as they can take advantage of major renovations for a seamless start to operations.

The demand for hospitality assets in Singapore has been on the rise in recent times, with notable transactions such as LHN Group’s acquisition of Pasir Panjang Inn for $30 million, and an 8-storey hotel at 12 Lorong 12 Geylang listed for sale at $120 million. The market currently has Hotel JJH, a 25-room property at 747 North Bridge Road, on offer for $38 million. These developments highlight the strong demand for well-located, high-quality hospitality assets, which are regarded as one of the most coveted commercial shophouse usage classes in Singapore.

For more information on this rare opportunity, please contact Eva Lau at 92785688, Senior Marketing Director at ERA Realty Network Pte. Ltd. RELATED NEWS Village Hotel Sentosa: A Favorite Among Crowds Freehold Hotel in Chiang Mai Now Available for $24.3 Million Banyan Tree Records $31.7 Million Earnings for FY2023 and Declares 1.2 Cents Dividend.…

Mar 22, 2021 08:30 pm

Real estate consulting firm JLL has announced the appointment of James Cameron as the head of energy and infrastructure for Asia Pacific for its capital markets business line. The newly created role, which will be based in Singapore, aims to strengthen the firm’s presence in the region.

Cameron will be responsible for building and leading a team in Asia Pacific, in line with JLL’s long-term capital requirements to facilitate the infrastructure and renewables build-out that is necessary to meet the challenges of decarbonisation, digitalisation, economic growth and rapid urbanisation.

Stuart Crow, JLL Asia Pacific’s CEO of capital markets, said that there is a significant opportunity for the firm to leverage its expertise in mobilising multiple sources of capital, as well as its track record in advising renewables transactions globally, to better serve clients within energy and infrastructure across Asia Pacific.

Cameron brings over 25 years of real asset capital markets experience to the role, having previously served as the global head of commercial real estate at Standard Chartered Bank. He has experience mobilising various forms of private and public equity and financing for infrastructure projects, both globally and regionally.

In Singapore, investing in a condo is a highly appealing option, but it is essential to consider the government’s property cooling measures. The Singaporean government has implemented several measures over the years to discourage speculative buying and promote a stable real estate market. Among these measures is the Additional Buyer’s Stamp Duty (ABSD), which levies higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer environment for investors. When looking for Singapore Condos, it is important to take these measures into account to make informed investment decisions.

In his new role, Cameron will collaborate with JLL’s capital markets, investment banking, and debt advisory teams across the region. He will focus on originating capital raising and transaction advisory opportunities for large infrastructure and renewable transactions, serving institutional investors, private equity, asset managers, strategic infrastructure and renewables operators and developers, high net-worth individuals, and family offices.

Crow expressed confidence in Cameron’s ability to establish JLL’s leadership position in the energy and infrastructure space in Asia Pacific, through his expertise and client relationships. He added that Cameron’s experience in this exciting space is unmatched regionally.…

52 and 54 Belmont Road, two adjacent Good Class Bungalows (GCBs) located in the exclusive Belmont Park GCB area, have been put up for sale by expression of interest (EOI). These two properties, owned by related individuals, boast a total land area of 41,741 sq ft and an indicative price of $88.8 million, which is equivalent to $2,128 psf on the land area. The marketing agent, Sakal Real Estate Partners, notes that the combined plots have a 44m frontage along Belmont Road with an average depth of 66m.

When it comes to investing in condos in Singapore, there is another crucial factor to consider besides location and amenities – the government’s property cooling measures. Over the years, the Singaporean government has implemented various measures to prevent speculative purchasing and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment. If you’re looking to invest in condos, make sure to explore the range of available Singapore projects for a better understanding of the market.

According to Lennon Koh, senior director at Sakal, “We believe this site would appeal to families looking to build a new home for multigenerational living or extended families living together. Besides homeowners, this property is also suitable for developers seeking to tap into the exclusive GCB market.” The freehold GCBs can be utilized for both residential and commercial purposes.

Recent transactions in the GCB market on Belmont Road include a December sale of a GCB on a land area of 19,549 sq ft for $40 million ($2,046 psf). Sakal also notes that in July 2024, a pair of adjacent GCB plots on Belmont Road were successfully sold for $131.4 million or $3,000 psf based on the combined land area of 43,790 sq ft. In April, a GCB at Bin Tong Park with a land area of 28,111 sq ft was sold for $84 million ($2,988 psf).

Steven Ming, managing director at Sakal, believes that the location and demand for GCBs will attract strong interest for the Belmont Road GCBs. “The estimated total value of GCB transactions in 2024, which reached $1.32 billion, exceeded that of 2023 ($433 million) and 2022 ($1.18 billion). We expect to see even more transactions in 2025,” he says.

The EOI for the GCBs will close on March 13 at 3pm.…

Understanding the rules and limitations surrounding property ownership is crucial for foreign investors interested in Singapore. While purchasing condos is generally less restrictive for foreigners compared to landed properties, it’s important to note that an Additional Buyer’s Stamp Duty (ABSD) of 20% applies for their initial property purchase. Despite these extra expenses, the Singapore real estate market remains favorable for foreign investment due to its stability and potential for growth. This is evident through the multitude of Singapore projects that continue to attract overseas buyers.

Real estate consulting firm JLL has announced the appointment of James Cameron as Head of Energy and Infrastructure for Asia Pacific, for its capital markets division. The firm confirmed the creation of this new role in a press release on January 14th, with Cameron set to be based in Singapore.

In his new role, Cameron will be responsible for building a team in Asia Pacific. This move by JLL will complement its EMEA Energy & Infrastructure business, resulting in the creation of a global capital advisory capability that will better serve both local and international developers and investors.

According to JLL, this appointment aligns with the long-term capital requirements needed to facilitate the development of infrastructure and renewables to address the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

Stuart Crow, JLL Asia Pacific’s CEO of capital markets, expressed his excitement about Cameron’s appointment, stating that there are significant opportunities to leverage the firm’s unique expertise in mobilising different sources of capital. He also mentioned JLL’s unmatched track record in advising renewables transactions globally.

Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams across the region. His focus will be on sourcing capital and providing transaction advisory services for large infrastructure and renewable energy projects, catering to institutional investors, private equity firms, asset managers, strategic infrastructure and renewable operators and developers, high net-worth individuals, and family offices.

With over 25 years of experience in real asset capital markets, Cameron brings a wealth of knowledge to JLL. He previously served as the Global Head of Commercial Real Estate at Standard Chartered Bank. His expertise lies in mobilising various forms of private and public equity and financing for infrastructure projects globally and regionally.

Crow also expressed his confidence in Cameron’s ability to establish JLL’s leadership position in this exciting space through his experience and client relationships.…

There was a successful sales weekend for One Bernam, the mixed-use development located in Tanjong Pagar with 351 residential units. The joint developers, MCC Land and Hao Yuan Investment, offered 87 units for sale at promotional prices from Jan 11 to 12.

First launched in May 2021, this 99-year leasehold apartment tower has already sold over 75% of its units as of Jan 10. The average price per square foot (psf) stands at $2,585 based on caveats lodged.

The promotional prices applied to all remaining 87 units, including one-bedroom to three-bedroom units, and penthouses. Interested buyers can search for the latest New Launches to find out transaction prices and available units.

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Investing in condos can bring numerous benefits, one of which is the opportunity to leverage the property’s value for further investments. This means that condo owners can use their units as collateral to secure additional financing for new investments. This allows them to grow their real estate portfolio by diversifying their investments. With the constant introduction of New Condo Launches, there are plenty of options for investors to consider. However, this strategy also comes with risks, so it is important to have a solid financial plan in place and carefully consider the potential impact of market fluctuations before making any decisions.

One-bedroom units, ranging from 441 sq ft to 463 sq ft, received price discounts of $323,000 to $438,000, with units sold between $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Two-bedroom units measuring between 700 sq ft to 732 sq ft saw discounts from $437,000 to $668,000, with units sold for $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). Two-bedroom plus study units, which range from 807 sq ft to 872 sq ft, received discounted prices from $380,000 to $800,000. The units were sold between $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf).

The three-bedroom apartments, with sizes of 1,421 sq ft, had discounts from $616,000 to $830,000 and were sold for $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).

Out of the buyers, 78% purchased units as investments, according to ERA Singapore CEO Marcus Chu. He also mentioned that 87% of the buyers were Singaporeans, with 70% between the ages of 31 to 50.

With the overwhelming response over the weekend, only three penthouses are now available for sale, and sales have reached 99%. Two three-bedroom penthouses with sizes of 1,744 sq ft and 1,948 sq ft, and one five-bedroom unit with 4,306 sq ft are still available.

As the project is expected to obtain a Temporary Occupation Permit (TOP) in March 2026, investors can start generating rental income, which can support their loan instalments, according to Chu.

The average monthly rents for existing apartment projects in the area, like Altez, Eon Shenton, and 76 Shenton, range from $6.90 psf to $7.40 psf, according to EdgeProp Landlens data. In the future, Chu believes that local demand will continue to be the key driver for Central Core Region (CCR) properties, with competitive pricing making these developments an attractive and stable investment option.

Due to the increase in Additional Buyer’s Stamp Duty (ABSD) imposed in 2023, the reduced competition from foreign buyers has opened up more opportunities for local buyers to enter the market.

Search for the latest listings for One Bernam properties to see what’s available. You can also check out the price trend chart for One Bernam and compare the price trend of new sale condos vs resale condos. For more information on the buyer profile of One Bernam, there are many resources available, including the price chart, upcoming new launch projects, any condo rental listings in District 2, and condo rental listings in the area.…

, say Katong Park Towers is an exampleThroughout his second term, Tan plans to continue addressing pressing industry issues such as the transformation of the built environment and the responsible and sustainable development of Singapore’s urban landscape.

The Real Estate Developers’ Association of Singapore (Redas) has recently elected its management committee for a new two-year term. During its Annual General Meeting held on Jan 9, members enthusiastically re-elected Tan Swee Yiow, Chairman of Keppel Reit Management, as President, marking his second consecutive term in the position.

Understanding the regulations and limitations surrounding property ownership in Singapore is crucial for international investors. While foreigners have more flexibility in purchasing condominiums compared to landed properties, there are still restrictions in place. They must also abide by the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for initial property acquisitions. Despite these financial factors, the Singapore real estate market’s stability and potential for growth remain appealing to foreign buyers, making condominiums a desirable investment option. For more information on available condos in Singapore, please visit homesearch-md.com.

In response to this re-election, Tan expressed his gratitude and described it as an honour. He also noted that the new management committee has a wide representation across various sectors, scales and expertise within the industry.

The new management committee includes Immediate Past President Chia Ngiang Hong, Group General Manager of City Developments, who has been elected as the Group General Manager of City Developments. Kwee Ker Wei, Director of Pontiac Land Group, has taken the role of First Vice President. Marc Boey, Executive Director of Project Services at Far East Organization, has been elected as the Second Vice President. The positions of Honorary Secretary and Honorary Treasurer have been taken by Chong Hock Chang, Group Director of Projects and Marketing at Ho Bee Land, and Neo Soon Hup, COO of UOL Group, respectively. Chew Peet Mun, Managing Director of Investment and Development at CapitaLand Development Singapore, and Tho Leong Chye, Managing Director of Allgreen Properties, have been elected as Honorary Assistant Secretary and Honorary Assistant Treasurer, respectively.

During the 65th anniversary celebration of REDAS, Chia Ngiang Hong, Immediate Past President, congratulated the new management committee and praised Tan for his exemplary leadership and the trust placed in him by the REDAS community.

Meanwhile, Tan believes that the diversity of the 2025/2026 REDAS management committee will enable the association to effectively drive initiatives with a meaningful impact on the broader built environment ecosystem.

In his second term, Tan aims to address important industry concerns such as the transformation of the built environment and the responsible and sustainable development of Singapore’s urban landscape. He believes that these issues are crucial for the development and growth of the real estate sector in Singapore. The management committee, under his leadership, will work towards finding sustainable solutions to these challenges.…

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It is crucial for international investors to have a thorough understanding of the regulations and limitations surrounding property ownership in Singapore. While purchasing condos is generally permissible for foreigners, ownership of landed properties is subject to more stringent rules. Additionally, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their first property acquisition. However, despite these extra expenses, the reliability and potential for growth in the Singapore real estate market remain enticing for foreign investments. In fact, the market’s appeal is evident through the continuous stream of foreign investors, as seen in the increasing demand for New Condo Launches.

Condo projects with most unprofitable transactionsThe Arcadia, a 164-unit condo in prime District 11, saw the most profitable resale transaction over the last three weeks of 2023. A 3,767 sq ft unit on the seventh floor was sold for $4.75 million ($1,261 psf) on Dec 10, resulting in a profit of $3.25 million (217%) for the seller. This surpassed the previous record profit of $3.25 million set on Oct 10 last year when a 3,778 sq ft unit on the fourth floor was sold for $4.6 million ($1,218 psf).The 99-year leasehold development was completed in 1983 and has about 54 years remaining on its land tenure. It is surrounded by landed estates and Good Class Bungalows, as well as top schools such as Raffles Girls Primary School, Hwa Chong Institution and National Junior College.In 2017, The Arcadia saw a total of five resale transactions, with profits ranging from $60,000 to $3.25 million. The record profit at the time was held by a 7,503 sq ft penthouse on the 10th floor that changed hands for $10 million ($1,333 psf). The penthouse was bought for $5.5 million ($733 psf) in 2007, resulting in a profit of $4.5 million (81%) for the seller.Meanwhile, the second most profitable resale in the last three weeks of 2023 was that of a 2,077 sq ft unit at Tanglin Hill Meadows on Dec 10. The three-bedder fetched $4.5 million ($2,166 psf) after it was purchased for $1.8 million ($866 psf) in 1999. This also makes it the most profitable transaction to date at Tanglin Hill Meadows, surpassing the previous record of $2.28 million (157%) set in 2010 when a 2,002 sq ft unit was sold for $3.73 million ($1,863 psf).Tanglin Hill Meadows is a freehold condo along Tanglin Hill in prime District 10. The 20-unit development was completed in 1997 and is nestled within the Ridley Park Good Class Bungalow Area.However, losses continue to mount at Seascape, a 99-year leasehold condo in Sentosa Cove, with the seller of a 2,174 sq ft unit on the seventh floor incurring a loss of $1.97 million (33%) when the unit was sold on Dec 18. The unit was purchased for $5.95 million ($2,736 psf) in 2011, but only fetched $3.98 million ($1,830 psf) upon resale. This is the third resale transaction at Seascape last year that has recorded losses ranging from $1.75 million to $2.53 million. The most expensive loss-incurring transaction at Seascape in 2023 was the sale of a 2,680 sq ft unit that was sold for $4.5 million ($1,679 psf) on Aug 14. Completed in 2012, the 151 units at Seascape face the South China Sea. The eight-storey development consists of three-bedroom and four-bedroom units, as well as penthouses and sky villas.…

A luxurious Good Class Bungalow (GCB) recently completed in Victoria Park is now up for grabs with a hefty price tag of $61 million. This magnificent seven-bedroom bungalow was built just three years ago and is located at the end of a cul-de-sac, Victoria Close, which houses only ten other exclusive residences.

As with other prestigious GCB areas in Singapore, strict planning guidelines dictate that the number of houses in this elite enclave cannot be increased without subdividing a larger plot of over 30,000 sq ft. This means that the sense of privacy and exclusivity that the GCBs in Victoria Park Close enjoy will be maintained, which is a top priority for many ultra-high-net-worth individuals and their families, who are willing to pay a premium for such homes.

Jervis Ng, associate group district director at PropNex Realty and the agent in charge of marketing the sale of this GCB, also happens to be the founder of JNA Real Estate, a property team under PropNex. Ng notes that the return of new naturalised Singaporeans into the GCB market in recent months has given a boost to buying sentiment, making this GCB an attractive option for those who have grown up in countries like China, India, or Indonesia and are looking for a luxurious trophy home in Singapore.

Victoria Park GCB area is already known to be home to many prestigious and illustrious residents, such as Jack Ma, the Chinese business magnate and co-founder of Alibaba Group, and Tang Wee Kit, a member of the Tang family and the founder of Tangs department store.

The GCB for sale has been impeccably maintained, giving it a brand-new appearance, according to Ng. The interior of the bungalow is adorned with a contemporary design and boasts of premium quality materials and finishes.

When it comes to investing in a Singapore Condo, it is crucial to also consider its potential rental yield. This 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 better rental yields. To get a better understanding of the rental potential of a specific condo, it is important to conduct thorough market research and seek advice from real estate agents.

Ng goes on to mention that the property sits on a spacious 18,988 sq ft plot, and the owners have worked closely with the architect to make the most of the land area. The total built-up area of the GCB is an impressive 25,300 sq ft, featuring seven en-suite bedrooms, three helpers’ rooms, and a basement carpark that can accommodate up to seven cars. The basement level also boasts an entertainment room, which has been converted into a home cinema and can double as a guest room if needed. Additionally, there is a private gym and a 20m lap pool.

Situated on a hilltop, most of the rooms in this bungalow offer breathtaking views of the surrounding low-rise neighbourhood, adds Ng.

The spacious living room can comfortably accommodate large families, and the basement carpark has been designed to fit a total of seven cars.

In recent years, resale transactions in the Victoria Park GCB area have been relatively scarce. However, according to caveats, the land for this GCB was acquired for $18.2 million in September 2016, which translates to a land rate of $959 psf. The most recent transaction in the area was for a 15,253 sq ft plot, which was sold for $28.33 million in May 2021, at a land rate of $1,857 psf. Prior to that, a 29,956 sq ft plot was sold for $40 million in April 2017, at a land rate of $1,335 psf. Going back even further to November 2011, a 32,077 sq ft site located along Victoria Park Road was sold for $48 million at a land rate of $1,496 psf.

Ng believes that factors such as lower interest rates, consistent demand from ultra-high-net-worth buyers, and limited supply of GCBs will help stabilise the market this year, and predicts a 10% to 15% increase in transaction volume compared to last year, assuming no major external economic disruptions. In 2020, a total of 35 GCB transactions were recorded, generating a total transaction volume of $1.32 billion, which is significantly higher than the previous record of $1.186 billion achieved in 2019.…

BY KATE •

Edmund Tie & Company, a local real estate advisory firm, has announced that it will now be known as ETC. This rebranding effort also includes a new and revamped logo.

According to Desmond Sim, the CEO of ETC, the abbreviation “ETC” has long been used by clients and staff, making it a familiar name. The decision to officially adopt ETC as the company’s new name was driven by its people, highlighting the importance the company places on listening to the insights, voices, and ideas of its employees.

The acquisition of a condo in Singapore has emerged as a popular decision for both domestic and international investors, given the country’s strong economy, stable political climate, and superior quality of life. The real estate scene in Singapore presents a plethora of prospects, where condos hold a special place due to their convenience, amenities, and potential for lucrative returns. Therefore, this article delves into the advantages, important factors to keep in mind, and necessary actions to undertake when considering an investment in a condo in Singapore. For more information on investing in a condo, visit Condo.

Sim also emphasized that the rebranding reflects the company’s growth and unity as one team, as well as its commitment to shaping the future of the real estate industry both locally and regionally.

The decision to rebrand also coincides with the company’s 30th anniversary. Established in 1995, ETC provides a wide range of services covering all phases of a real estate asset’s lifecycle, including advisory, investment, management, and divestment. This rebranding effort is a testament to the company’s evolution and its dedication to delivering top-notch services to its clients.

In addition to the name change, ETC will also continue to uphold its commitment to providing exceptional services to its clients. This rebranding effort marks a new chapter for the company as it looks towards the future with excitement and determination.…

When it comes to investing in a condo, securing financing is a crucial step. In Singapore, there are various mortgage options available, but it is crucial to understand 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. To make well-informed decisions about financing, it is essential to comprehend the TDSR and seek guidance from financial advisors or mortgage brokers. This can prevent investors from over-leveraging. Additionally, you can check out New Condo Launches to explore the latest condo options available.

An EOI exercise has been launched for a Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave, with an indicative price of $60 million. According to a press release by Cushman & Wakefield on Jan 8, the price works out to be $2,742 psf, based on the land area of 21,881 sq ft.

Shaun Poh, the executive director of capital markets at Cushman & Wakefield, notes that the freehold plot is situated on elevated ground, making it an ideal site for redevelopment. The GCB is perfect for buyers looking to build their dream multi-generational home or for developers who can transform the plot into a luxurious and modern GCB for discerning individuals.

Situated next to the Singapore Botanic Gardens and within a short drive to Orchard Road shopping belt, the property also boasts proximity to renowned schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution, and Hwa Chong Institution.

Poh also observes that the neighbourhood is highly coveted by ultra-high net worth individuals, as seen by recent record-breaking land rates at Nassim Road and Tanglin Hill, which reached $4,500 psf and $6,200 psf respectively.

The EOI for this GCB will close on Feb 11 at 3pm, providing interested parties with the opportunity to acquire this premium property in one of the most sought after locations in Singapore.…