Month: February 2025

In Singapore, condo investment holds significant importance, but there are other factors that investors must consider, such as the government’s property cooling measures. In recent years, the Singaporean government has implemented various measures to prevent speculative buying and maintain a steady real estate market. These include the imposition of Additional Buyer’s Stamp Duty (ABSD), which results in higher taxes for foreign buyers and those purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment. As the market continues to evolve, it is crucial to keep up with new developments, such as the new launches of condos, to make informed investment decisions.

Mandarin Gardens, located along Siglap Road in District 15, recorded the most profitable condo resale transaction during the week of Feb 7 to Feb 14. The deal involved a 3,800 sq ft, four-bedroom unit that fetched $4.88 million, or $1,284 psf, on Feb 11. The eighth-floor unit had last changed hands for $1.05 million ($276 psf) in June 2003, resulting in a profit of $3.83 million for the seller, or 364.8% of their original purchase price. This translates to an annualised capital gain of 7.4% over 21½ years.Mandarin Gardens spans 17 blocks, ranging from nine to 23 storeys tall along Siglap Road in District 15. It is a 1,006-unit, 99-year leasehold development with about 56 years remaining on the lease. Condo units are a mix of one- to two-bedroom apartments from 732 sq ft to 1,001 sq ft and three- to four-bedroom units from 1,528 sq ft to 3,800 sq ft. It also has 11 strata commercial units.The Feb 11 transaction also set a new record for the most profitable sale at Mandarin Gardens. The previous record was held by a 3,068 sq ft, four-bedroom unit on the 20th floor that had fetched $4.1 million ($1,336 psf) in September 2021. This represented a profit of $2.7 million (193%) for the previous owners who had bought the unit for $1.4 million ($456 psf) in August 2001, translating to an annualised gain of 5.5% over 20 years.Prices at Mandarin Gardens have remained stagnant since September 2023 when the average resale price broke the $1,300 psf mark, according to EdgeProp Singapore’s analysis tools. The prices peaked at $1,316 psf in June 2024 before falling slightly to $1,310 psf as of Feb 25.The most recent unit sold on Feb 11 is one of 18 four-bedroom units at Mandarin Gardens. The last four-bedroom unit that changed hands at the condo was a similarly sized 3,800 sq ft unit on the ninth floor that fetched $4.26 million ($1,122 psf) in June 2023.Mandarin Gardens is situated on a 1.07 million sq ft site along Siglap Road in District 15. It is also close to several reputable schools, such as Victoria School, Ngee Ann Primary School, and St Patrick’s School.The second most profitable resale transaction recorded during the period in review was at Parvis, a freehold condo located along Holland Hill in prime District 10. The transaction involved a 2,260 sq ft, three-bedroom unit on the second floor that was sold for $4.78 million ($2,115 psf) on Feb 10.This unit had last changed hands in December 2009, at a slightly lower price of $2.78 million ($1,230 psf). Hence, the sellers made a profit of $2 million (71.9%) or an annualised gain of 3.6% over 15 years.Parvis is a 12-storey development comprising 248 residential units. Apartments are a mix of two-bedroom units ranging from 990 sq ft to 1,442 sq ft and three- and four-bedders measuring from 1,701 sq ft to 2,605 sq ft. Three- and four-bedroom penthouses have sizes ranging from 2,293 sq ft to 3,229 sq ft.According to EdgeProp’s analytical tools, the atmosphere in Parvis has been a mixture of profit and loss since its launch in 2007. While the second-floor unit was the second most profitable transaction in Parvis so far this year, the latest sale is not the first profitable transaction in 2020. On Jan 6, a 2,788 sq ft, four-bedroom unit on the 12th floor was sold for $6.1 million ($2,188 psf). The seller had bought the unit for $4.25 million ($1,524 psf) in 2011, making a profit of $1.85 million (43.5%) after 14 years, which is the fifth-most profitable transaction at Parvis to date.Parvis is also close to many good schools, such as Nanyang Primary School and Henry Park Primary School. It is a five-minute walk away from Holland Village MRT Station and a short distance away from Holland Village, where many restaurants and cafes are located.Meanwhile, the most unprofitable transaction between Feb 7 and Feb 14 was at Scotts Square, where a two-bedroom unit on the 28th floor was sold for $3.08 million ($3,252 psf) on Feb 13. The unit had last changed hands for about $3.83 million ($4,039 psf) in December 2007, resulting in a loss of $745,880 (19.5%) for the seller. This translates to an annualised loss of 1.3% over 17 years.Scotts Square is a mixed-use freehold development located along Scotts Road in the Orchard shopping belt. Completed in 2011, it has two luxury residential towers of 43 and 34 storeys with a total of 338 apartments and a four-storey retail podium.Prices at Scotts Square have been declining since its launch in 2007. Using a 12-month rolling average, prices peaked at $4,054 psf in July 2007 before reaching a floor of $3,330 psf in August 2020. Last month, the average price of resale units at Scotts Square was $3,398 psf.According to EdgeProp’s analytical tools, Scotts Square has recorded 69 unprofitable transactions since launching in 2007. Of them, 18 (26%) have resulted in a seven-figure loss. The most unprofitable transaction resulted from the sale of a 1,249 sq ft, three-bedroom unit that changed hands for $3.65 million ($2,923 psf) in February 2017. The sellers had bought the unit at launch in August 2007 for about $5.21 million ($4,171 psf), resulting in a loss of about $1.56 million (30%) over 10 years.The buyer profile for Parvis and Scotts Square is mainly made up of Singaporeans who are married, aged between 40 and 59 years old, and professionals or managers in the finance, insurance, and real estate sectors. Interested buyers for Mandarin Gardens are typically singles aged between 30 and 39 years old, and working in the real estate services or finance, insurance, and business services industries.

Mandarin Gardens has yet again set a record for the most profitable condo resale transaction during the week of Feb 7 to Feb 14. The development saw a 3,800 sq ft, four-bedroom unit being sold for $4.88 million, or $1,284 psf, on Feb 11. According to URA records, the eighth-floor unit was last sold for $1.05 million ($276 psf) in June 2003.

The sale resulted in a profit of $3.83 million for the seller, which is equivalent to 364.8% of their original purchase price. This translates to an annualised capital gain of 7.4% over 21.5 years. The condo has a total of 18 four-bedroom units, and the last one to be sold was a 3,800 sq ft unit on the ninth floor for $4.26 million ($1,122 psf) in June 2023.

Mandarin Gardens is a 1,006-unit, 99-year leasehold development located along Siglap Road in District 15. The project is spread across 17 blocks, ranging from nine to 23-storeys tall. Units are a mix of one- and two-bedroom apartments from 732 sq ft to 1,001 sq ft and three- to four-bedroom units from 1,528 sq ft to 3,800 sq ft. It also houses 11 strata commercial units.

The previous record for the most profitable sale at Mandarin Gardens was held by a 3,068 sq ft, four-bedroom unit on the 20th floor. It was sold for $4.1 million ($1,336 psf) in September 2021, resulting in a profit of $2.7 million (193%) for the previous owners. The unit was bought for $1.4 million ($456 psf) in August 2001, resulting in an annualised gain of 5.5% over 20 years.

Read also: Resale unit at Palisades makes record profit of $2.3 mil

Prices at Mandarin Gardens have been stagnant since September 2023, when the average resale price broke the $1,300 psf mark, according to EdgeProp Singapore’s analysis tools. The prices peaked at $1,316 psf in June 2024, before falling slightly to $1,310 psf as of Feb 25.

The second most profitable resale transaction during the period in review was recorded at Parvis, a freehold condo located along Holland Hill in prime District 10. On Feb 10, a 2,260 sq ft, three-bedroom unit on the second floor of the development was sold for $4.78 million ($2,115 psf). The unit was previously bought…

The top spot for highest psf-price sale in the private condominium market from Feb 7 to 16 was claimed by Hill House, as a two-bedroom unit on the eighth floor was sold by the developer for $1.54 million, setting a new record of $3,398 psf. This broke the previous peak of $3,378 psf set by another unit in the same development on Feb 11.A total of 72 units make up Hill House, a 999-year leasehold condo situated on Institution Hill, near River Valley Road. The project, which was launched in 2022, comprises of one-bedroom units ranging from 431 sq ft. There are also two-bedroom units of 452 to 624 sq ft, and three-bedroom units of 753 sq ft.In the same period, The Tresor, a 62-unit freehold condo on Duchess Road in District 10, saw a resale transaction of a 1,421 sq ft unit on the fifth floor for $3.73 million. This sets a new psf-price high of $2,625, surpassing the development’s previous peak of $2,501 set in March 2024. The Tresor is within walking distance of Tan Kah Kee MRT Station and amenities such as Coronation Shopping Plaza and Serene Centre.Jadescape, a 99-year leasehold development in District 20, also recorded a new psf-price high of $2,459 psf for a 1,259 sq ft unit on the tenth floor. The previous peak was $2,446 psf for a 1,647 sq ft unit in January. The project consists of 1,206 units across seven residential towers, with one- to five-bedroom apartments and two penthouses. It is located near Marymount MRT Station and amenities such as Sin Ming Plaza.In comparison to other condos within a 1km radius, Jadescape commands one of the highest average transacted prices, with units selling at $2,192 psf in the last 12 months. Conversely, other condos in the vicinity, such as the Tresalveo, 183 Longhaus, and Thomson V Two, have average transacted prices ranging from $1,712 to $1,912 psf. No new psf-price lows were recorded in the period under review.Photo: Macly Group

In the period from Feb 7 to 16, the sale of a two-bedroom unit at Hill House has topped the list of condos in the private market that achieved a new psf-price high. The 999-year leasehold development broke its own record by reaching $3,398 psf when a 452 sq ft unit on the eighth floor was sold by the developer for $1.54 million on Feb 16. This transaction marginally surpassed the previous peak of $3,378 psf set on Feb 11, when another two-bedroom unit of the same size on the eighth floor was sold for $1.53 million.

Located at the top of Institution Hill, off River Valley Road, Hill House is a boutique condo comprising 72 units. It was launched in 2022 and consists of 40 one-bedroom units of 431 sq ft, 24 two-bedroom units ranging from 452 sq ft to 624 sq ft, and eight three-bedroom units of 753 sq ft. Its prime location in District 9 and 999-year leasehold tenure make it a highly desirable development.

According to URA caveats, as of February 16, 37 units (51.4%) at Hill House have been sold at an average price of $3,152 psf since its launch in November 2022. The construction is ongoing and is expected to be completed in the third quarter of 2026. Out of the eight units sold at Hill House this year, one was transacted on Feb 16. These eight units were sold at an average price of $3,190 psf. The highest-priced unit that has been sold so far is a 753 sq ft, three-bedroom apartment that fetched $2.39 million on Jan 5.

The second spot on the list of condos with a new psf-price high during the period in review goes to The Tresor, with a resale transaction of a 1,421 sq ft unit on the fifth floor being sold for $3.73 million on Feb 10. This has set a new high of $2,625 psf, beating the previous record of $2,501 psf which was achieved in March 2024 when a 1,399 sq ft, three-bedroom unit on the second floor was purchased for $3.5 million.

The Singaporean government has implemented several measures to regulate the condo investment market in the country. These measures aim to discourage speculative buying and promote a steady real estate market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they ultimately promote a secure investment environment in the long run. For more information on condo investment opportunities in Singapore, you can explore projects at Singapore Projects.

This resale transaction on Feb 16 marks the first in a year for The Tresor, according to caveats lodged. Prior to this, the most recent resale deal was for a 1,399 sq ft unit that was sold for $3.5 million ($2,501 psf) on March 4, 2024.

The Tresor is a freehold condo with 62 units located on Duchess Road, District 10. Completed in 2007, it consists of a mix of two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft. This development is also situated within five minutes’ walking distance of Tan Kah Kee MRT Station on the Downtown Line and is close to Coronation Shopping Plaza and Serene Centre. Other amenities nearby include Adam Food Centre and the Singapore Botanic Gardens.

In third place on the list of condos that achieved a new psf-price high is Jadescape, where a four-bedroom unit of 1,647 sq ft on the 22nd floor was sold for $4.05 million on Feb 7. This sets a new record of $2,459 psf at the District 20 development. Previously, the record price high at Jadescape was $2,446 psf when a 1,259 sq ft unit on the 10th floor was sold in January. The most expensive resale unit sold to date is a 4,230 sq ft, six-bedroom penthouse that fetched $10.2 million ($2,399 psf) in December 2024.

Jadescape is a 99-year leasehold condo that was completed in 2022. It consists of 1,206 units across seven residential towers, with one- to five-bedroom apartments ranging from 527 sq ft to 2,099 sq ft. There are also two penthouses of 4,230 sq ft. It is located at the junction of Marymount Road and Shunfu Road, close to Marymount MRT Station on the Circle Line and near amenities such as Sin Ming Plaza.

Data compiled on EdgeProp Research shows that Jadescape commands one of the highest average transacted prices among condos within a 1km radius. Its units had an average transacted price of $2,192 psf in the last 12 months. In comparison, other condos in the vicinity such as the Tresalveo on Marymount Terrace, 183 Longhaus on Upper Thomson Road, and Thomson V Two on Sin Ming Road had average transacted prices ranging from $1,712 psf to $1,912 psf across the same period. All three condos are freehold developments.

No new psf-price lows were recorded during the period in review. To view the latest listings for Hill House, The Tresor, and Jadescape, or to learn more about these properties, visit EdgeProp.sg.…

Chiu Teng Group’s new freehold development, CT Pemimpin, is set to be a game changer in land-scarce Singapore. As a renowned developer of high-quality commercial and industrial spaces, the launch of CT Pemimpin is expected to be a delight for property investors and business owners.

Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory that comprises 56 strata-titled units and three canteen units. The units on the first and fifth floors boast mezzanine floors with floor heights ranging from 5.6m to 7.35m.

One of the most attractive features of CT Pemimpin is its rare freehold status, which sets it apart from most industrial developments in the market that are limited to a 30-year or 60-year lease. This makes it an ideal investment asset for both investors and end-users, especially since commercial and industrial properties do not incur Additional Buyer’s Stamp Duty (ABSD).

When considering real estate investments, location plays a crucial role, and this is particularly important in Singapore. Condominiums situated in central areas or close to essential amenities like schools, shopping malls, and public transportation hubs tend to have a higher appreciation in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown strong growth in property values. Families also seek condos in these areas due to their proximity to reputable schools and educational institutions, making them even more desirable investments. In addition, be sure to keep an eye out for upcoming New Condo Launches in these sought-after locations.

CT Pemimpin also offers a generous one-to-one carpark ratio, with 59 carpark lots, including two electrical vehicle lots, three lorry lots, two handicapped lots and 34 bicycle lots. In addition, the development is served by two passenger lifts and a service lift, and every unit is equipped with its own private toilet for convenience.

According to Kelvin Fong, Deputy CEO of PropNex Realty, “Being a freehold development in a centralised location, CT Pemimpin is a good investment asset for both investors and end-users.”

The centralised location of CT Pemimpin adds to its appeal, as it is situated in District 20, a popular area for buyers and tenants. It offers easy access to a range of amenities in well-established townships like Bishan, Upper Thomson, and Ang Mo Kio. The development is also strategically located, with excellent accessibility and connectivity to all parts of Singapore through various public transport modes.

Doris Ong, Deputy CEO of ERA, notes that owning a freehold property in Singapore’s central region is not just a smart investment, but also a strategic business asset. “With a sought-after location, unparalleled connectivity, and long-term growth potential, CT Pemimpin is an impressive corporate address that makes it an ideal choice for businesses,” says Ong.

CT Pemimpin is located just a short walk from the Marymount MRT station, and is also accessible via the Upper Thomson and Bishan MRT stations. It is also easily accessible for motorists, being close to major expressways like the PIE and CTE. The development is a mere eight-minute drive from Novena and a 15-minute drive from Orchard Road. Additionally, the upcoming North-South Corridor, scheduled for completion in phases from 2027, will further enhance connectivity and reduce travel time.

The area surrounding CT Pemimpin offers a good mix of retail and dining options, with popular shopping hubs like Junction 8, Thomson Plaza, Velocity@Novena Square, AMK Hub, NEX, Woodleigh Mall, and Toa Payoh HDB Hub just minutes away. It is also close to reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College.

CT Pemimpin will also have a range of green features, such as end-of-trip facilities like shower rooms, bicycle racks, and storage lockers. Other eco-friendly features include a sky garden with two rooftop pavilions, and plans for rooftop solar panels and EV charging stations. The development will also feature water-saving fittings, motion-sensor lighting, and double-glazed windows in selected units, as well as a recycling corner.

Mark Yip, CEO of Huttons Asia, says that “with its focus on sustainability, CT Pemimpin aims to shape a greener and more committed future. Its superior specifications make it the perfect choice for various industries like e-commerce, media, telecommunications, and software development.”

Chiu Teng Group, established in 1999, is a reputable developer and builder with a proven track record in the industrial and commercial sectors. Previous successful developments include CT FoodNEX, CT Foodchain, The Creek@Bukit, Tagore8, and CT Hub & Hub 2.

The preview for CT Pemimpin will end on March 5, 2025. To secure your rare freehold industrial space, call 8100 8017 or visit Chiu Teng Group to arrange a viewing.…

ERA has announced the upcoming auction of a pair of adjoining retail units located on the third floor of Sim Lim Square. The auction, scheduled for February 27, will feature a total guide price of $3.38 million for the two units.

The larger unit, measuring 958 square feet, has a guide price of $2.08 million ($2,171 per square foot), while the smaller unit, measuring 570 square feet, has a guide price of $1.28 million ($2,246 per square foot). This is the first time these units will be featured on ERA’s auction listings, as they are currently being sold by the owner. They can be purchased together or separately.

According to Alison Lee, assistant vice president of auction and sales at ERA, the units are priced competitively below the market average to encourage a quick sale. Retail units at Sim Lim Square have transacted at an average price of $2,997 per square foot in the last 12 months, according to EdgeProp Singapore’s analytical tools. The most recent transaction at the development was for a 592 square foot shop on the ground floor, which was sold for $1.92 million ($3,241 per square foot) in December 2024.

In Singapore, investing in condos comes with an important consideration – the government’s property cooling measures. Over time, the Singaporean government has implemented different measures to control speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which levies higher taxes on foreign buyers and those buying multiple properties. Although these measures may affect the immediate profitability of condo investments, they also contribute to the long-term stability of the market, making it a secure investment environment. Additionally, Singapore Projects offer investors the opportunity to diversify their portfolio and take advantage of the country’s thriving real estate market.

Sim Lim Square is known as a tech hub, with a focus on electronics, gadgets, and computer parts. The development also houses a variety of other businesses, including eateries and traditional Chinese medicine shops. Both retail units currently for sale are tenanted and generate an estimated monthly rental income of $4.50 per square foot. Rental data compiled by EdgeProp Singapore shows that retail units at Sim Lim Square yield between $4.20 and $7.30 per square foot per month on a rolling 12-month average.

The owners of Sim Lim Square attempted a collective sale in April 2019, but the tender was launched at a reserve price of $1.25 billion and later relaunched in December 2019 at the same price without any success. A new collective sale committee is being formed to explore the possibility of another attempt in the near future.

Sim Lim Square, located on a 78,152 square foot site on Rochor Canal Road in District 7, was completed in 1987. It has a 99-year land tenure that began in 1983 and houses 492 retail and office units across six floors and two basement levels. It is within walking distance of Rochor and Jalan Besar MRT Stations and the Bugis MRT Interchange that connects the East-West and Downtown Lines.…

, to be completed in 2025ERA honoured to earn first RES certification from RINA HOT PROPERTY:HUNDRD PALMS RESIDENCES (SEBA VILLE), YIO CHU KANG ROAD, GOLAN VIEW ROSIDENCEView listings for Hundred Palms Residences

The article discusses the experiences of retiree Mr Chong and his three sons when it comes to purchasing properties. Mr Chong provided financial support for his sons when they were setting up their homes. His eldest son bought a private condo, while his younger sons opted for executive condos (ECs).

According to Mr Chong, buying an EC during its launch is a wise decision, even if you sell it shortly after the five-year MOP. He has experienced this scenario himself, as his second son bought a three-bedroom unit at Hundred Palms Residences during its launch in July 2017. The project received 2,000 e-applications and was completely sold out on the first day at an average price of $841 psf. The EC, located on Yio Chu Kang Road, was completed in 2019 and has seen a price gain of 110% in just eight years, with units selling at an average price of $1,769 psf based on caveats lodged in January and February 2025.

Mr Chong further mentions that the recent capital gains may have motivated many to upgrade to private housing. In his family’s case, they sold their 1,260 sq ft three-bedroom unit at The Interlace in 2017, which was their family home for the past decade. In 2021, they purchased a 1,399 sq ft four-bedroom dual-key unit at Twin Fountains, an EC in Woodlands developed by a joint venture between Frasers Property and Lum Chang. The development was launched in 2013 and completed in 2016. As ECs are only available to Singapore citizens and PRs at launch and after the five-year MOP, Mr Chong now has his own privacy in the one-bedroom studio while his son and family occupy the three-bedroom apartment. The dual-key unit provides separate entrances for each apartment.

Despite the higher upfront costs, Mr Chong is not deterred by the rising prices of ECs. He points out that the recent resale prices at Twin Fountains are 30% higher than the prices they bought at, and even higher than the recent launch of Norwood Grand at Champions Way in Woodlands, which set a new benchmark for the area with an average selling price of $2,067 psf.

ERA’s key executive officer Eugene Lim mentions that with rising EC prices and loan quantity caps, buyers will now need to pay a larger cash outlay. The monthly household income ceiling for ECs is $16,000, and buyers must meet the Mortgage Servicing Ratio (30% cap) and Total Debt Servicing Ratio (55% cap) requirements when taking a loan. He also mentions that EC buyers do not incur additional buyers’ stamp duty (ABSD) when buying a new EC, and they have the option of the Deferred Payment Scheme (DPS) with a higher purchase price. This allows buyers to delay their loan payments until after the completion of the EC.

Singapore is renowned for its flourishing real estate industry and purchasing a condominium there offers a multitude of benefits. These encompass a high demand for properties, potential for appreciation in value, and attractive rental returns. However, it is imperative to carefully consider various aspects before committing to a purchase. This includes factors such as location, financing options, government regulations, and market conditions. To ensure a successful investment, thorough research and seeking professional advice are crucial. By enlisting the assistance of experts, individuals can make well-informed decisions and maximize their returns in Singapore’s ever-changing real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment opportunity, including a Singapore Condo in your property portfolio can prove to be a highly lucrative decision. Explore Singapore Condo for yourself today and discover the endless possibilities it can offer.

Despite the higher prices, EC buyers still see value in them, especially HDB upgraders, due to a 42% median price gap between ECs and 99-year leasehold private condos. ERA’s Lim also points out that the price gap between ECs and private condos in the Outside Central Region has narrowed in recent years, with EC prices increasing at a faster pace. Christin Sun from OrangeTee Group adds that this is due to the affordability and lower price psf of ECs compared to private condos.

Looking ahead, there are three new EC launches expected this year, strategically located in different areas to cater to the housing needs of Singaporeans. Despite the higher upfront costs, the availability of the DPS and absence of ABSD make it easier for HDB owners to upgrade to a new EC.…

Property cooling measures discouraging developers from building high-end luxury projects in Singapore

Recent data from C9 Hotelworks, an Asia-based hospitality consultancy, has revealed that the market value of branded residential projects in Asia has reached an all-time high of US$26.6 billion ($35.5 billion), with over 68,000 luxury units now available. Vietnam takes the lead in Asia, with 17,680 branded residential units across 59 properties and an average price of US$350 per square foot. Thailand follows closely behind, with 16,271 units across 65 properties and a majority of units priced at US$510 per square foot. The Philippines is next on the list with 13,276 units across 46 properties, with luxury properties priced at around US$400 per square foot.

It is essential to carefully evaluate the potential rental yield when considering investing in a condo. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, this can vary significantly depending on factors such as location, property condition, and market demand. Generally, condos located near business districts or educational institutions tend to offer higher rental yields due to the high demand for rental properties in these areas. To get a better understanding of the rental potential of a particular condo, it is crucial to conduct thorough market research and seek advice from real estate agents. For more information on new condo launches, visit homesearch-md.com.

However, it is Singapore that commands the highest prices in the region, with branded residences priced at US$2,140 per square foot. Following closely behind are branded residences in Japan, with an average price of US$1,935 per square foot.

According to Bill Barnett, managing director of C9 Hotelworks, there are also new markets that have seen a rapid growth in branded residences in recent years, such as South Korea with 3,026 units across 16 properties, and Malaysia with 6,014 units across 24 projects.

In the post-Covid-19 era, urban-locale branded residences make up 56% of the existing supply in Asia, with luxury urban projects dominating the sector in terms of market value. This is evident in South Korea, where urban branded residences are priced at US$2,670 per square foot, which is more than half the cost of resort projects that typically sell for US$1,040 per square foot. Similarly, in Thailand, urban branded residences fetch about US$770 per square foot, compared to US$430 per square foot in resort locations.

Asia’s branded residential market comprises 12,330 units across 80 developments that are affiliated with luxury hotel brands, accounting for 31% of the market supply. Barnett notes that reputable brands can help affiliated properties command a 30%-35% premium rate above the market rate in the country, and also increase the developer’s market share in the country.

The appeal of top hospitality brands and other luxury lifestyle brands has also led to hotel groups and premium brands asking for higher licensing fees. It is becoming increasingly common for luxury hotel brands and lifestyle brands to negotiate for a 6% to 10% cut in the sale of each branded residential unit.

In August last year, Thai developer Ananda Development and German automaker Porsche, through its lifestyle brand Porsche Design, unveiled the ultra-luxury Porsche Design Tower Bangkok in Thonglor. With 22 units, the tower is the first Porsche residential tower in Asia, following the Porsche Design Tower Miami a decade ago. The development offers duplexes and quadplexes, with prices ranging from US$15 million to US$40 million.

Gianfranco Bianchi, general manager of Asia Pacific at The One Atelier, an international design consultancy that specialises in branded residences for lifestyle brands, notes that in recent years, more luxury lifestyle brands have explored partnerships to license their branding into real estate developments across the Asia Pacific region. Some of their portfolio projects include the 28-unit Fendi Casa Residences by Armani in Miami, the 259-unit 888 Brickell by Dolce & Gabbana in Miami, and the 90-unit Büyükyalı Residences in Istanbul, Turkey.

While hospitality-affiliated branded residences provide top-notch hospitality services, fashion or design-branded residences offer a rare trophy home that conveys the namesake design and luxury aesthetic that have made such brand names synonymous with luxury lifestyles today, says Bianchi.

Ananth Ramchandran, head of advisory and strategic transactions in hotels and hospitality (Asia) at CBRE, notes that property cooling measures have led many high-net-worth Singapore-based buyers of branded residences to consider trophy assets in nearby regional markets. He adds: “We’ve experienced a significant reduction in terms of discussions and inquiries from Singapore developers to explore high-end, ultra-luxury branded residential projects in Singapore. Developers are severely discouraged from stepping into this high-end segment because property cooling measures have dampened foreign buyer demand.”

Singapore-based high-net-worth buyers are also increasingly looking at luxury-branded residences in destinations such as Phuket and Bangkok in Thailand, Bali in Indonesia, and emerging markets in Vietnam. These locations are typically just a two-hour flight from Singapore, making them a more appealing option for buyers.

Jason Thelen, senior director of sales and marketing at Sudara Residences, a Thai-based developer, says: “Singapore has quickly become our top regional market for buyers looking for second homes, making up over 45% of regional purchases.” The availability of regularly scheduled direct flights and relatively short travel time have made these real estate projects more appealing to Singapore-based buyers, he says.

Saowarin Chanprakaisi, vice-president of business development at The Ascott, notes that the hospitality operator is also tapping into the future growth of the branded residential segment in Asia. “We believe the emotional resonance of our brands, like Ascott, The Crest Collection and Oakwood Premier, have reputational strengths in the market.”

She adds that Ascott is looking to expand its market share in the region by partnering with developers who would like to enter the branded residential market.…

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Investing in a condominium has many advantages, one of which is the potential for leveraging the property’s value for future investments. Numerous investors utilize their condos as security to acquire extra financing for new investments, allowing them to widen their real estate portfolio. This tactic has the potential to increase returns significantly, but it’s important to have a solid financial plan in place and carefully consider how market fluctuations may affect your investments. Adding Singapore Condo to your portfolio can also provide additional opportunities for growth and diversification.

Malaysian property developer, UEM Sunrise, and Singapore-listed GuocoLand have recently signed the first Johor-Singapore Special Economic Zone (JS-SEZ) Memorandum of Understanding (MOU) between private companies in Malaysia and Singapore. This is a significant move that will accelerate growth within the JS-SEZ, according to a press release on February 27.

The MOU outlines plans for joint development of UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor, in order to boost the economic potential of the region. The signing of the MOU also coincided with the grand opening of UEM Sunrise Gallery Iskandar Puteri, which showcases the company’s vision for the area.

Iskandar Puteri, which forms Flagship Zone B of the JS-SEZ, is known for its diverse sectors including manufacturing, business services, education, health, and tourism. This makes it an attractive location for investments in overseas properties. The MOU will cover UEM Sunrise’s selected plots of land in Gerband Nusajaya and Puteri Harbour, two key master-planned areas within Iskandar Puteri.

Through this collaboration, the two companies aim to further develop Iskandar Puteri’s potential and make it a more appealing destination for investments. This will involve efforts to improve connectivity, foster talent development, and create a business-friendly environment that will drive sustainable economic growth in Johor.

According to Hafizuddin Sulaiman, the CFO of UEM Sunrise, this partnership is not just about development, but also about shaping a thriving economic hub that will provide long-term benefits for the region in terms of job creation and economic growth. The sites selected for development are strategically located near Singapore, Senai Airport, and the Port of Tanjung Pelepas, making them ideal for driving long-term economic growth.

Datuk Hisham Hamdan, the chairman of UEM Sunrise, expressed his belief that the collaboration with GuocoLand will contribute to the larger vision of positioning Johor as a dynamic and forward-thinking economy. This will also benefit the JS-SEZ and Iskandar Puteri through innovative developments that will be made possible by combining the expertise of the two companies.

GuocoLand CEO Cheng Hsing Yao adds that their experience in real estate development and asset management, as well as their understanding of the needs of companies from Singapore, Malaysia, and China, will be valuable in shaping Iskandar Puteri and the wider JS-SEZ. Prior to this collaboration, UEM Sunrise has already played a significant role in the urban development of Iskandar Puteri through various projects such as residential townships and commercial and retail hubs.

The incentives and support schemes introduced by the governments of Malaysia and Singapore, such as special tax rates, stamp duty exemptions, and capital allowances, are expected to drive the growth in Iskandar Puteri. These measures aim to attract more investments for the JS-SEZ and contribute to the region’s economic development.…

Malaysia-based property developer UEM Sunrise and Singapore-listed GuocoLand have officially signed a landmark agreement on February 27th, representing the first-ever memorandum of understanding (MOU) between private companies in Malaysia and Singapore. Under this agreement, the two groups will work together to develop UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor, with the aim of boosting growth within the Johor-Singapore Special Economic Zone (JS-SEZ). The signing ceremony took place at the opening of UEM Sunrise Gallery Iskandar Puteri, a showcase of the company’s vision for the development of Iskandar Puteri.

Iskandar Puteri, which falls under Flagship Zone B of the JS-SEZ, is a bustling hub for various industries such as manufacturing, business services, education, health, and tourism. For those interested in investing in properties overseas, there are a wide range of projects available for sale around the world.

This MOU encompasses UEM Sunrise’s selected plots of land in Gerband Nusajaya and Puteri Harbour, two of the main master-planned areas within Iskandar Puteri. The collaboration aims to tap into Iskandar Puteri’s full potential and make it more attractive for investment by focusing on improving connectivity, developing talent, and creating a business-friendly environment that will drive long-term economic benefits for Johor.

According to Hafizuddin Sulaiman, the CFO of UEM Sunrise, this partnership is not just about development, but also about shaping a dynamic and future-ready economic hub that will promote sustainable growth, job creation, and strengthen the JS-SEZ ecosystem. The selected sites are strategically located near Singapore, Senai Airport, and the Port of Tanjung Pelepas, making it an ideal location for business and investment opportunities.

The cityscape of Singapore is characterized by soaring skyscrapers and state-of-the-art infrastructure. These prominent features are enhanced by the presence of condos, strategically located in prime areas, that offer a perfect blend of opulence and convenience to both locals and expats. With a host of amenities including pools, gyms, and security services, these condos elevate the standard of living and make them a desirable option for prospective renters and buyers. For investors, these benefits result in impressive rental yields and continual appreciation of property values over time. For more information on Singapore condos, visit homesearch-md.com.

Datuk Hisham Hamdan, chairman of UEM Sunrise, highlighted the larger vision behind this collaboration, stating that it is part of a strategic plan to establish Johor as a progressive and forward-thinking economy. In line with this vision, the partnership with GuocoLand, a reputable property group with experience in real estate development and asset management, will bring valuable insights and expertise in meeting the needs of companies from Singapore, Malaysia, and China looking to establish a presence in the JS-SEZ.

The CEO of GuocoLand, Cheng Hsing Yao, also expressed his confidence in the partnership, stating that their combined expertise will play a key role in shaping Iskandar Puteri and the wider JS-SEZ through innovative developments. Prior to this collaboration, UEM Sunrise has already made significant contributions to urban development in Iskandar Puteri through various residential townships and commercial hubs such as the Aspira series and Senadi Hill. Additionally, the company is currently working on a 380-acre industrial park in Gerband Nusajaya.

The growth of Iskandar Puteri will be further driven by incentives and support schemes introduced by the Malaysian and Singaporean governments, aimed at attracting more investments to the JS-SEZ. These measures include special tax rates, stamp duty exemptions, and capital allowances. The MOU between UEM Sunrise and GuocoLand marks a significant milestone in the development of Iskandar Puteri and sets the stage for future collaborations that will elevate the economic potential of the region.…

Frasers Property has teamed up with two leading Chinese real estate firms to acquire a residential site in Shanghai’s Songjiang District. The joint venture (JV) partners secured the site through a competitive tender process led by the Shanghai Municipal Bureau of Planning and Natural Resources. The total cost of the acquisition was RMB815.2 million ($151.9 million).

One of the main factors driving the demand for condominiums in Singapore is the scarcity of land. Being a small country with a steadily expanding population, Singapore struggles with limited space for new developments. This has resulted in strict land usage regulations and a competitive real estate market, where property values remain consistently high. As a result, investing in real estate, particularly in the form of condos, becomes an attractive option with the potential for significant capital appreciation. Additionally, the emergence of various new condo launches adds to the allure of investing in this market.

The two Chinese real estate groups partnering with Frasers Property are Xiamen ITG Real Estate Group, a subsidiary of ITG Holding Group, a state-owned enterprise under the Xiamen Municipal Government, and Shanghai-listed Gemdale Corporation.

In a press release on February 26, Frasers Property announced that the JV partners plan to develop the site into a mixed-use development comprising 189 low-rise apartments, townhouses, and duplex units, with a total gross floor area of 334,714 sq ft.

The project will also incorporate environmentally-friendly designs, including flood mitigation measures, ultra-low energy building designs, and solar photovoltaics. It will target upgraders and first-time homebuyers in Fangsong Community, Songjiang District, which is a prime residential neighborhood. The development will also benefit from its proximity to two existing projects, Club Tree and Palace of Yunjian, which are already under joint ventures between Frasers Property and Gemdale Corporation.

Lim Hua Tiong, CEO of Emerging Markets in Asia at Frasers Property, commented, “This joint venture not only strengthens our presence in Shanghai but also underscores our commitment to delivering high-quality residential developments that meet the evolving needs of the Chinese community.”

This partnership further solidifies Frasers Property’s position in the Chinese market and demonstrates its strategy to expand its presence in emerging markets in Asia. It also aligns with the company’s focus on sustainable development, which includes incorporating green features and technologies in its projects.

The acquisition of the residential site in Shanghai’s Songjiang District is another step in Frasers Property’s growth journey in Asia and its commitment to delivering innovative and sustainable developments that meet the needs of the communities in which it operates.…