Month: January 2025

A luxurious residential development in New York will be featured to potential Singapore buyers on Jan 11 and 12. The impressive 720 West End Avenue is located in the Upper West Side of Manhattan and offers 131 beautifully designed residences. These include one- to five-bedroom homes, townhouses, duplexes and penthouses equipped with private terraces. The unit sizes range from approximately 500 sq ft to over 3,700 sq ft, with prices starting at US$1.015 million ($1.38 million) for a one-bedroom residence.

The stunning property is a redevelopment of a pre-war building that was originally designed by prominent New York architect Emery Roth in 1927. This 17-storey structure, known as the Hotel Marcy, boasts a Renaissance Revival-style facade. In order to preserve its intricate architectural details, the developers of 720 West End Avenue, Glacier Equities and InterVest Capital Partners, have restored the facade. Additionally, two floors have been added to accommodate the penthouse duplexes. The interiors of the building have also been revamped under the direction of designer Thomas Juul-Hansen.

Aside from its impressive exterior and interior, the development offers over 30,000 sq ft of amenities for its residents. This includes a state-of-the-art fitness center, a private bar and dining room, a library and co-working spaces, outdoor terraces and courtyards, private parking and bike storage.

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Investing in a Singapore Condo offers numerous advantages, with one of the most significant being its potential for capital appreciation. One of the reasons for this is , Singapore’s strategic location as a global business hub has continued to drive demand for real estate. In addition to this, the country’s strong economic fundamentals also play a crucial role in the consistent growth of property prices. As a result, condos located in prime areas have shown a remarkable increase in value over the years. This means that investors who make well-timed purchases and hold onto their properties for the long haul can reap substantial capital gains. , investing in a Singapore Condo is a wise decision for those looking to grow their wealth through real estate.

Savills Singapore is proud to present this exceptional property to potential Singapore buyers at voco Orchard Hotel on Jan 11 and 12. The event will also feature a seminar on the New York real estate market at 3pm on both days, providing valuable insight for those interested in investing in this highly sought-after location.…

Singapore-based property developer Tuan Sing Holdings has acquired a number of assets from PT Senimba Bay Resort in Batam for $28 million

Ayana Bali, a sprawling 90ha integrated resort in Bali, Indonesia, has recently announced its latest offering, Alamanda Tower. The tower consists of 26 units of luxurious one- and two-bedroom residences, available for long-term lease with a minimum stay of one month.

Part of the Ayana Bali estate, Alamanda Tower is part of the Ayana Residences collection of residential properties. Located along the picturesque coastline of Jimbaran Bay, Ayana Bali boasts four hotels, including Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali, and Rimba by Ayana Bali. The estate also features the renowned Ayana Spa, a golf putting course, a serene beach, multiple event venues, and an impressive selection of 30 dining outlets.

Residents of Alamanda Tower will have access to three rooftop pools along with exclusive access to the community center at Ayana Residences. The center offers a state-of-the-art gym, a lap pool, and a sauna and steam room. The dedicated concierge team provides exceptional services, and bi-weekly housekeeping is also included. A buggy service within Ayana Bali and discounts on dining and selected spa services are also available to residents.

When considering investing in a condo, it is crucial to evaluate the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can vary greatly based on factors such as location, property condition, and market demand. Areas with a high demand for rentals, particularly near business districts or educational institutions, typically offer a better rental yield. It is important to conduct thorough market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a specific condo. Additionally, staying updated with new condo launches can further aid in making an informed decision about investing in a condo.

The one-bedroom units at Alamanda Tower measure 1,173 sq ft and start from approximately IDR70 million ($5,896) per month. Two-bedroom units without a private pool measure 1,647 sq ft and start from around IDR100 million per month. For those looking for more space and luxury, two-bedroom units with a private pool range from 2,045 to 2,648 sq ft and start from around IDR120 million per month.

Ayana Bali is operated by Ayana Hospitality, a renowned hospitality company in Indonesia that also manages properties in Jakarta and Labuan Bajo.

In other news, Singapore-based property developer Tuan Sing Holdings has acquired several assets from PT Senimba Bay Resort in Batam for $28 million.…

When it comes to investing in Singapore’s real estate market, foreign investors must be well-informed about the regulations and restrictions surrounding property ownership. While condos are relatively accessible for foreigners, the same cannot be said for landed properties, which have more stringent ownership rules. Additionally, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their first property purchase. Despite this extra expense, the consistent stability and promising growth potential of Singapore’s real estate market continue to attract foreign investment. Interested investors can explore new condo launches to further their options.

Surbana Jurong Group has announced the appointment of Professor Cheong Koon Hean as a new member of its board of directors in a press release on Jan 6. With her extensive experience and expertise in the built environment, Cheong’s appointment will further enhance Surbana Jurong’s ability to provide innovative, resilient, and sustainable solutions.

Previously, Cheong served as the CEO of HDB from 2010 to 2020 and held the same position in URA from 2004 to 2010. Currently, she is the chair of the Lee Kuan Yew Centre for Innovative Cities and a Professor of Practice at the Singapore University of Technology and Design. She also chairs the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

In addition to her new role at Surbana Jurong, Cheong is also a member of the boards of National University of Singapore and CapitaLand Group. She is also Singapore’s non-resident ambassador to Finland.

Cheong’s appointment comes at a crucial time as the built environment continues to evolve towards smart and sustainable solutions. With her vast experience and knowledge, she will play a crucial role in driving Surbana Jurong towards a greener future.…

Situated in prime District 10, River Valley Apartments, a freehold condominium on River Valley Road, has been put up for collective sale through a public tender. The exclusive marketing agent, Knight Frank Singapore, announced on Jan 6 that the property is being priced at $56 million.

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Purchasing a condominium in Singapore comes with a host of advantages, including the potential for significant growth in value. The country’s prime location as a global business hub and strong economic standing have resulted in a steady demand for real estate, making it a reliable investment option. As a result, property prices, particularly for condos in desirable locations, have consistently risen. For smart investors who enter the market at the right time and hold onto their properties for the long run, there is the possibility of substantial capital gains. What’s more, with the constant influx of new condo launches, there is no shortage of opportunities for individuals seeking to invest in Singapore’s flourishing real estate industry. Check out New Condo Launches to discover the latest options available.

Built in the 1950s, the four-storey development has 24 units and occupies a land area of approximately 12,408 sq ft. It falls under the residential zoning with a gross plot ratio of 2.8. The property is just a short 500m walk from the Great World MRT Station on the Thomson-East Coast Line and within walking distance to Great World City and Valley Point Shopping Centre. River Valley Primary School and Alexandra Primary School are also within a 1km radius.

According to a map from EdgeProp LandLens, River Valley Apartments is surrounded by three Government Land Sale (GLS) sites that were sold in 2020. The most recent site sold was Zion Road (Parcel A) in April, to a joint venture between City Developments and Mitsui Fudosan for $1.107 billion ($1,202 psf ppr). In June, Wing Tai Holdings acquired another GLS site at River Valley Green for $463.99 million ($1,325 psf ppr). Two months later, Allgreen Properties won the bid for Zion Road (Parcel B) at $730.9 million ($1,304 psf ppr).

Knight Frank’s Head of Capital Markets (Land and Collective Sale), Chia Mein Mein, mentions that despite the lacklustre home sales activity in the Central Region, developers still have a keen interest in the River Valley and Zion Road area. This could be due to their belief that there will be ready demand for prime products once these projects are launched, after a prolonged period of subdued activity.

The guide price for River Valley Apartments translates to a land rate of approximately $1,622 psf per plot ratio (psf ppr), including a nominal land betterment charge. With the 7% bonus gross floor area allowed for balconies, the price would average out to $1,583 psf ppr.

Upon successful collective sale, Knight Frank estimates that unit owners at River Valley Apartments, with sizes ranging between 947 and 1,238 sq ft, could receive between $2 million to $2.6 million in minimum sale proceeds.

The collective sale tender for River Valley Apartments will close on Feb 18 at 3pm. Interested parties can find more information on the latest listings for River Valley Apartments properties on the EdgeProp website. The site also provides useful data on past rental and sale transactions in the area, including a price trend chart for River Valley Apartments.…

The Urban Redevelopment Authority (URA) has given the green light for the potential conservation of Golden Mile Tower. This decision would take effect if the property, which has a 99-year lease, is successfully sold in a collective sale and the developer decides to redevelop it.

The rising demand for condos in Singapore can largely be attributed to the limited land supply in the country. With a small land area and a rapidly growing population, Singapore is facing a shortage of land for development. This has resulted in strict land use regulations and a highly competitive real estate market, which constantly drives property prices up. Therefore, purchasing real estate, specifically condos, has become a highly profitable investment opportunity with the potential for significant capital appreciation. If you are looking to invest in Singapore, consider checking out Singapore Condo for a wide range of condo options.

According to documents from EdgeProp Singapore, the government has offered to increase the site’s gross plot ratio (GPR) from 4.46 to 5.6, based on the current site area of 93,902.5 sq ft, if the developer voluntarily conserves at least the existing cinema block. This would translate to a higher gross floor area (GFA) of 525,854 sq ft, a significant increase from the current GFA of 419,142 sq ft. Additionally, voluntary conservation would also allow for a maximum building height of 164m, up from the current limit of 145m.

The most recent attempt to sell Golden Mile Tower was in August 2020, with a reserve price of $556 million. This was the third collective sale attempt by the owners of the 99-year leasehold development.

According to Anna Tan, business development director at Tag Realty (the marketing agent for the collective sale of Golden Mile Tower), the reserve price for the property remains unchanged. This equates to a land rate of $1,350, which includes the cost of renewing the land tenure but does not factor in land betterment charges.

Tan says that the increase in building height and options for voluntary conservation opens up opportunities for developers to reimagine the property with a striking skyline presence. This also means that commercial and hotel spaces in the new development could have floor-to-ceiling heights of 5m, while residential units could offer 3.6m ceiling heights.

The approval for the voluntary conservation of Golden Mile Tower is significant as its neighbor, Golden Mile Complex, was gazetted for conservation in 2021. Golden Mile Complex has been restored and rebranded as Golden Mile Singapore by its developers, Perennial Holdings and Far East Organization. Commercial units were launched last December, with residential units expected to be launched this quarter.

Tan adds that the redevelopment of Golden Mile Tower offers an opportunity to create a new mixed-use development in a prime location along Beach Road. Its heritage and potential make it a unique investment opportunity for both local and international investors. With limited land supply along Beach Road and the rejuvenation efforts in the area, such as the launch of Golden Mile Singapore and the neighboring Kallang Alive masterplan, the redevelopment of Golden Mile Tower is a rare opportunity.…

The weekend of Jan 4-5 saw a huge turnout at the sales gallery of Bagnall Haus at Upper East Coast, with 1,500 visitors in attendance. Roxy-Pacific Holdings, the developer behind the project, revealed that many of the visitors were families and existing residents in the East.

The 113-unit freehold condo, set to be one of the first new project launches of 2025, is a redevelopment of the former Bagnall Court, which was acquired by the developer in January 2023 for $115.28 million. Located less than a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station and the Upper East Coast Bus Terminal, the project boasts a prime location.

To cater to a diverse range of buyers, from investors to owner-occupiers, singles and families, Bagnall Haus offers a mix of one-bedroom plus flexi units starting from 495 sq ft and five-bedroom units up to 1,528 sq ft. Prices start from $1.235 million ($2,495 psf) and the developer has set the average indicative price at around $2,450 psf. Interested buyers can check out the latest listings for Bagnall Haus properties and seek help from Ask Buddy for more information.

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Singapore’s cityscape is characterized by skyscrapers and advanced infrastructure. These buildings are accompanied by condos, strategically situated in desirable locations, offering a fusion of lavishness and practicality that entices both locals and foreign residents alike. Luxuries such as pools, fitness centers, and security measures enhance the overall living experience and boost their appeal to potential renters and buyers. As a result, investors can expect higher rental returns and appreciation of property values in the long run. To explore available Singapore condo options, visit Singapore Condo.

In comparison, the last new project to launch in the Upper East Coast Road neighbourhood was 15 years ago. The variety of unit sizes and prices at Bagnall Haus is expected to attract a wide range of buyers, making it a highly sought-after development in the area.

For those looking to make a property investment or find their dream home, Bagnall Haus is definitely worth considering. Interested buyers can also compare the price trend of HDB versus condo versus landed properties in the area and stay updated on the latest launches and upcoming developments. With all these information readily available, finding the perfect property has never been easier.…

The Housing and Development Board (HDB) has recently released its flash estimates for the fourth quarter of 2024, showing a 2.5% increase in resale flat prices compared to the previous quarter. This marks the 19th consecutive quarter of price growth in the HDB resale segment.

According to Christine Sun, chief researcher and strategist at OrangeTee Group, the flash estimates also revealed a 9.6% increase in HDB resale prices for the whole year of 2024, which is double the growth seen in 2023. However, it is still lower than the 10.4% increase in 2022 and the 12.7% growth in 2021.

OrangeTee notes a slowdown in price growth for some flat types based on HDB caveat data downloaded from data.gov.sg on Jan 2. For instance, four-room flats recorded a 2.5% q-o-q increase in the fourth quarter, compared to 3.4% in the previous quarter. Similarly, two-room flats saw a 2% increase, while executive flats registered 1.2% growth. In contrast, prices for five-room flats grew by 3.2% in the fourth quarter, faster than the 1.2% increase in the third quarter.

Resale volume also saw a decline of 3.6% year-on-year to 6,314 units in the fourth quarter of 2024, down from 6,547 transactions in the same period last year. This was also a 22.5% drop from the previous quarter, which saw 8,142 units transacted. Sun attributes the decrease in resale transactions to the launch of over 8,500 new flats in the October Build-to-Order (BTO) exercise, which diverted demand away from the resale market.

In addition, the seasonal year-end holidays and travel restrictions may have also contributed to the slow sales during this period.

Meanwhile, Wong Siew Ying, head of research and content at PropNex, believes that the government intervention in August 2024, which reduced the loan-to-value limit for HDB loans to 75%, may have affected the resale market. As a result, the weaker sales and slower growth seen in the HDB resale price index in the fourth quarter may be due to these measures.

Despite the decline in resale volume, the total number of million-dollar flat transactions reached a record high of 1,033 units in 2024, according to OrangeTee’s Sun. Toa Payoh town led the million-dollar resale flat deals in the fourth quarter of 2024, with 58 transactions. This was followed by Alkaff Vista in Bidadari Park Drive, which had recently crossed the five-year minimum occupation period (MOP).

Eugene Lim, key executive officer of ERA Singapore, believes that the new classification of Plus and Prime BTO flats may have driven buyers to seek out resale homes in central locations. This is because these buyers are not willing to accept the resale restrictions, such as the 10-year MOP, rental restrictions, subsidy clawback, and resale income cap for future buyers.

Looking ahead, OrangeTee expects HDB resale prices to continue rising in 2025, but at a slower pace than previous years. Sun adds that the ongoing supply of BTO flats will help moderate price growth in the secondary market. However, the extent of this stabilization will depend on the number of BTO flats released by the government in the upcoming years.

In February 2025, HDB will launch its largest sale of balance flats (SBF) exercise, offering more than 5,500 units across various towns. As there is no upfront information on the BTO projects with a shorter waiting time, buyers may turn to the resale market, according to Lee Sze Teck, senior director of data analytics at Huttons Asia.

A major advantage of investing in condominiums is the opportunity to leverage the property’s value for future investments. Numerous investors utilize their condos as collateral to secure additional funding for new ventures, consequently diversifying their real estate holdings. This tactic has the potential to enhance profits, yet it also entails certain risks, making it essential to devise a solid financial plan and carefully assess potential market fluctuations. Additionally, with the constant influx of new condo launches, investors have even more opportunities to expand their real estate portfolios and capitalize on the potential for growth.

Interest rates are also expected to remain low in 2025, allowing buyers to take on a larger loan amount to purchase a new home. Huttons projects a stabilisation in the million-dollar flat market between 900 to 1,200 units in 2025. They also anticipate HDB resale flat transactions to fall between 26,000 to 28,000 units, with a 5% to 8% price growth. Overall, PropNex also expects the HDB resale market to perform well in 2025, driven by healthy housing demand and fewer MOP flats reaching their five-year mark. They project HDB resale flat prices to grow at a slower pace of 5% to 7%, with a resale volume forecast of 29,000 to 30,000 units.…

In the latest flash estimates released by HDB on Jan 2, it was announced that resale flat prices rose by 2.5% quarter-on-quarter during the fourth quarter of 2024. This growth was slightly lower compared to the 2.7% q-o-q increase recorded in the previous quarter, marking the 19th consecutive quarter of price increases in the HDB resale market.

According to Christine Sun, chief researcher and strategist at OrangeTee Group, the flash estimates showed that resale flat prices grew by 9.6% in 2024, doubling the 4.9% growth in 2023. However, this was still slower than the 10.4% price increase in 2022 and the 12.7% growth in 2021.

OrangeTee notes that there was a slowdown in price growth for certain flat types, based on data from HDB’s caveat database on data.gov.sg as of Jan 2 at 8.15am. The median price of four-room flats saw a q-o-q increase of 2.5% in 4Q2024, slightly lower than the 3.4% growth in 3Q2024. Similarly, two-room flats rose by 2% q-o-q in 4Q2024, slower than the 3.9% growth in 3Q2024. Executive flats registered a 1.2% q-o-q price increase in 4Q2024, compared to 1.7% in the previous quarter. In contrast, prices for five-room flats grew 3.2% in 4Q2024, faster than the 1.2% increase in 3Q2024.

Resale volume declines 3.6% y-o-y in 4Q2024

Based on data from the caveat database, OrangeTee notes that resale volume declined by 3.6% y-o-y to 6,314 units in 4Q2024 from 6,547 transactions in 4Q2023. It was also down 22.5% q-o-q from 8,142 units in 3Q2024. Sun attributes this decline in HDB resale transactions to the launch of over 8,500 new Build-to-Order (BTO) flats by HDB in October 2024. Many of these units were located in prime and sought-after locations, drawing demand away from the resale market towards the BTO market.

Sales also slowed down during the year-end school holidays, with many Singaporeans travelling abroad. As a result, house viewings and sales activities typically decrease during this period.

However, Wong Siew Ying, head of research and content at PropNex, notes that the slower pace of growth in 4Q2024 could also be attributed to government intervention in August 2024. This was when the loan-to-value (LTV) limit for HDB loans was reduced by five percentage points to 75%. “Based on the weaker sales and slower growth in the HDB resale price index in 4Q2024, it appears that the August 2024 measures are taking effect,” says Wong. “In addition, the lower resale volume during the quarter likely also contributed to the slower price growth.”

Resale volume reaches 28,876 units in 2024, down from peak in 2021

The total resale volume for 2024 was 28,876 units, 8% higher than the 26,735 units recorded in 2023 and 27,896 units in 2022. However, it is still lower than the peak of 31,017 units in 2021.

Decline in million-dollar flat transactions in 4Q2024

The scarcity of land in Singapore is a major factor contributing to the high demand for condos in the country. Being a small island with a fast-growing population, Singapore has limited space for new developments. As a result, the government has implemented strict land use policies, creating a competitive real estate market where property prices continue to rise. This has made investing in real estate, especially condos, a profitable opportunity with the potential for capital appreciation. For those looking to invest in property, the constantly emerging New Condo Launches are definitely worth considering.

The decline in resale transactions in 4Q2024 also saw a decrease in million-dollar flat transactions, with only 283 such units transacted compared to 331 in 3Q2024. Despite the dip, Sun notes that the total number of million-dollar transactions reached a record high of 1,033 units in 2024, more than doubling the 469 transactions recorded in the previous year.

Toa Payoh leads million-dollar resale flat deals

According to caveats filed, Toa Payoh saw the highest number of million-dollar resale flat transactions in 4Q2024, with 58 units sold. Out of the 58 units, 20 were four- and five-room flats at Alkaff Vista in Bidadari Park Drive, which had recently crossed its five-year minimum occupation period (MOP).

Wong observes that the new Plus and Prime classification of BTO flats could be driving more homebuyers to seek out HDB resale flats in central locations. These buyers are averse to the resale restrictions such as the 10-year MOP, rental restrictions after MOP, subsidy clawback upon resale and resale income cap on future buyers.

HDB resale prices to continue rising in 2025, but at a slower pace

Looking ahead, OrangeTee expects HDB resale prices to continue rising in 2025, but at a slower pace compared to previous years. Prices have already reached new highs in many areas, creating affordability concerns for many potential buyers, says Sun.

She notes that the ongoing supply of BTO flats is expected to help moderate price growth in the secondary market. However, the extent of price stabilisation will depend on the number of BTO flats the government plans to launch in the upcoming years.

HDB’s largest sale of balance flats (SBF) exercise in February

In February 2025, HDB will launch its largest sale of balance flats (SBF) exercise, with more than 5,500 flats available across various towns, says Lee Sze Teck, senior director of data analytics at Huttons Asia. “Some prospective resale flat buyers have decided to wait to try their luck,” he adds.

Interest rates could go lower in 2025

Lim anticipates a more moderate pace of price growth for resale flats in 2025 due to a reduced supply of flats reaching MOP, which has been a key driver of price increases in recent years. He expects resale prices to grow by 3% to 6%, with an estimated 26,000 to 27,000 resale units changing hands by the end of 2025.

PropNex expects the HDB resale market to perform well in 2025, driven by healthy housing demand and a lower number of MOP flats entering the market. Wong expects resale flat prices to rise by 5% to 7% in 2025, with a projected resale volume of 29,000 to 30,000 units.

Huttons projects that HDB resale flat transactions will reach 26,000 to 28,000 units in 2025, with prices likely to grow by 5% to 8%. Lee observes that the supply of BTO flats in 2025 will be further reduced to 17,290 units, around 12% lower compared to the previous year. As there is no upfront information on BTO projects with a shorter waiting time, Lee reckons that buyers are likely to turn to the resale market. He expects the million-dollar flat market to stabilise within the range of 900 to 1,200 units in 2025.…

Roxy-Pacific Holdings, a renowned property development company, is set to showcase its latest residential project, Bagnall Haus, this Saturday, Jan 4. Located along Upper East Coast Road, this freehold development is a redevelopment of the former Bagnall Court, which was acquired by Roxy-Pacific for $115.28 million in February 2023. This translates to a land rate of $1,106 per square foot per plot ratio (psf ppr).

Bagnall Haus is a low-rise, five-storey building comprising of 113 apartments and two shop units. The units range from one-bedroom plus flexi layouts, starting at 495 square feet, to five-bedroom units at 1,528 square feet. Prices for the units start from $1.235 million (equivalent to $2,495 psf) for a one-bedroom plus flexi layout.

According to Teo Hong Lim, executive chairman of Roxy-Pacific Holding, the average indicative price for Bagnall Haus is around $2,450 psf. The official launch date will be announced after the preview this weekend.

Bagnall Haus is strategically located just a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station, which will serve the Thomson-East Coast and Downtown lines when it is completed in 2028. The development is also within walking distance to the Upper East Coast Bus Terminal.

Teo also highlights that the project is situated across the road from a future mixed-use development in the upcoming Bayshore precinct. This means that residents of Bagnall Haus can look forward to enjoying the future amenities in the Bayshore precinct.

The last private condominium launched in District 16 was Eastwood Regency, a 75-unit freehold boutique apartment project by Fragrance Group, in January 2010. Next to it is Country Park Condo, a freehold development by UOL Group comprising of 160 units that was launched for sale in 1999 and completed in 2003. In addition, the neighbouring Eastwood Centre, a 99-year leasehold mixed-use development with 48 residential units, was launched in 1996 by Ho Bee Land and completed in 1998.

With regards to amenities, residents of Bagnall Haus have easy access to the upcoming Bedok Food Court and the nearby Eastwood Centre, which houses a Cold Storage supermarket, a medical clinic, a dentist, a nail and beauty spa, and a pet shop. The development also enjoys close proximity to reputable schools such as Temasek Primary and Secondary School, Bedok Green Primary School, and Anglican High School.

The bustling cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art infrastructure. In particular, Singapore Condos can be found in highly sought-after locations, offering a perfect fusion of opulence and convenience that entices both locals and foreigners alike. These luxurious residences boast an array of amenities, including swimming pools, fitness centers, and round-the-clock security services, elevating the overall standard of living and making them a desirable choice for potential tenants and buyers. For investors, these attractive features equate to higher rental profits and a significant increase in property value over time. To find the perfect Singapore Condo, visit homesearch-md.com.

For more information, interested buyers can check out the latest listings for Bagnall Haus properties and inquire about condo rental listings in District 16. They can also find out more about recently launched projects and condo sale transactions in District 16, and compare the price trend of HDB, condominium, and landed properties in the area. Bagnall Haus comprises of a total of 113 units.…

Purchasing a Condo in Singapore has numerous advantages, one of which is its potential for capital appreciation. As a thriving global business hub, Singapore boasts a robust economy that continuously drives demand for real estate. This has led to a consistent upward trend in property prices, especially in prime locations where the value of condos has significantly increased. For investors, this presents an excellent opportunity to buy properties at the right time and hold onto them for the long term, resulting in substantial capital gains. For those looking to invest in a Condo in Singapore, the possibilities are certainly promising. Condo is a valuable asset to consider for your investment portfolio.

The Orie, a 777-unit private condo located at Lorong 1 Toa Payoh, is set to be previewed on Friday, Jan 3, with its official launch scheduled to take place on Jan 18. Jointly developed by City Developments Limited (CDL), Frasers Property and Sekisui House, the project is poised to mark the first new launch of a private condo since the 578-unit Gem Residences was launched in 2016, with completion expected in 2020. The Orie boasts a prime location at the junction of Lorong 1 Toa Payoh and Lorong 4 Toa Payoh, with its 777 units spread across two 40-storey towers. Ranging from one-bedroom plus study apartments at 517 sq ft to five-bedroom units at 1,453 sq ft, the development offers a diverse mix of unit types. Priced from $1.28 million ($2,476 psf) for a one-bedroom plus study, $1.48 million ($2,500 psf) for a two-bedroom, $2.09 million ($2,459 psf) for a three-bedroom, $2.92 million ($2,401 psf) for a four-bedroom, and $3.48 million ($2,395 psf) for a five-bedroom with an exclusive private lift, The Orie offers a wide array of options to cater to the varied preferences and budget of potential homebuyers. The three developers jointly submitted the highest bid for a Government Land Sales (GLS) site at Lorong 1 Toa Payoh, with a price tag of $968 million, which translates to a land rate of $1,360 psf per plot ratio (ppr). The joint venture will see a 50:25:25 split between CDL, Frasers Property and Sekisui House. “The Orie marks the first private residential launch in Toa Payoh in over eight years, and we are thrilled to welcome the New Year with this exciting introduction,” says Sherman Kwek, CDL’s group CEO. “With its prime location in the vibrant and highly sought-after Toa Payoh estate, The Orie offers homebuyers the convenience of a central location and excellent connectivity.” The Orie sits within a five-minute walk to Braddell MRT Station on the North-South Line (NSL) and is in close proximity to the Toa Payoh Integrated Transport Hub, which connects Toa Payoh Bus Interchange to Toa Payoh MRT Station. The integrated development and community hub is expected to be completed in 2030, and will feature a sports centre with swimming pools, indoor sports halls and other sports facilities, a football stadium, a polyclinic, and a public library. The Orie also enjoys easy access to other amenities, such as the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall, and MacRitchie Reservoir. Families will find the location ideal as there are several schools within close proximity, including Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, and First Toa Payoh Primary School. Residents at The Orie will also have access to a range of healthcare facilities, such as Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital, and Thomson Medical Centre. Additionally, the development’s strategic location in District 12 in the city fringe, also known as the Rest of Central Region (RCR), provides easy access to the CBD and Orchard Road shopping belt, further adding to its appeal for both homebuyers and investors alike. As such, The Orie’s prime location, paired with its various amenities, will provide future residents with a convenient and well-connected lifestyle. “With the support of our joint venture partners, Frasers Property and CDL, we are proud to introduce The Orie as part of our efforts to enhance the vibrancy and liveability of Toa Payoh,” says Soon Su Lin, CEO of Frasers Property Singapore. The super low energy development at The Orie features over 40 condominium facilities, coupled with units boasting efficient layouts, quality fittings by Hansgrohe, bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung. The project marks “a new partnership” between Sekisui House and CDL, adds Takehisa Yanagi, managing officer and head of the international development department at Sekisui House. However, he adds that the two companies have already collaborated on projects in Singapore over the past 13 years. In conclusion, The Orie presents a unique and exclusive opportunity for homebuyers and investors to secure a home amidst a scarcity of new launches in the Toa Payoh district, with prices starting from $1.28 million for a one-bedroom plus study. Homebuyers and investors are advised to act fast if they wish to secure a unit at this highly sought-after address.…