Home Search

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

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

According to the recent Emerging Trends in Real Estate Global Outlook report published by PwC and the Urban Land Institute (ULI) on March 12, there are growing concerns among property investors in the Asia Pacific (APAC) region about low yields and sluggish transaction volumes. The report is a compilation of investor sentiment from global asset managers such as Blackstone, Savills Investment Management, and CBRE Investment Management. More than 70% of survey respondents listed low yields, high interest rates, and geopolitical tensions as their top concerns.

The report notes that despite these concerns, Asia Pacific remains an appealing diversification strategy for industry leaders due to its population growth, demographic metrics, and divergent monetary policies. For example, Japan has resolved to hike short-term interest rates. While APAC had a strong year in 2021 with a 13% year-on-year growth in real estate transactions, surpassing Europe and the Americas, the region is expected to experience sluggish transaction volumes as Europe and North America kick-start a new capital markets cycle.

Last year, APAC’s liquidity was affected by a drop in transaction volumes in countries like China, where transactions declined by 25%, and Hong Kong SAR, where transaction volumes dropped by 1%. In contrast, investors in Europe grapple with concerns such as international political instability, escalation of the war, and economic growth. Data from MSCI, a leading US-based research and data analytics company, indicate that US commercial property prices stabilized in 2021, with a slight decline of 0.7%. This may drive investors to shift their focus towards these regions in the coming months.

When investing in a Singapore Condo, it is important to carefully consider the potential rental yield. This is the annual rental income as a percentage of the property’s purchase price. The rental yield for condos in Singapore can greatly vary depending on factors such as location, property condition, and market demand. In areas with high rental demand, such as those near business districts or educational institutions, the rental yield tends to be higher. It is essential to conduct thorough market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a specific Singapore Condo.

The report also revealed that data centre assets have the highest investment and development prospects across all three regions in 2025. According to New York-based research firm Green Street, global demand for data centres reached record levels in 2021, with asking rents growing at a double-digit pace. MSCI’s latest research highlights 2024 as a standout year for data centre assets, with acquisitions of existing data centres through single property and portfolio deals increasing by over 60% in the US.

In September 2021, Blackstone and the Canada Pension Plan Investment Board (CPP) acquired data centre firm AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for over $16 billion, marking the largest commercial real estate deal ever recorded in Asia Pacific and globally for 2021. The report also highlights that the APAC region is expected to see significant investment in the hotel sector in the coming years, with Hilton targeting to exceed 1,000 hotels by 2025. Additionally, Singapore’s real estate investment market has seen a boost from investors seeking safe havens. ERA Realty has also launched its APAC headquarters in Singapore, further cementing the region’s appeal to real estate investors.…

An expression of interest (EOI) exercise has been launched for a 999-year leasehold conservation shophouse located at 20 Liang Seah Street. The property, which is being marketed exclusively by SRI Capital Market, is priced at $15 million.

The three-storey shophouse sits on a 1,129 sq ft plot and is zoned for both residential and commercial use. Under the latest Master Plan, it has a gross plot ratio of 4.2. With a built-up area of 2,635 sq ft, the guide price translates to $2,635 per square foot.

The ground and second floors of the shophouse are currently approved for restaurant use, while the top floor is leased out for residential purposes. The property is situated within the Beach Road secondary settlement conservation area, allowing for new extensions of up to five storeys with the necessary approvals.

According to Low Choon Sin, managing partner of SRI Capital Market, the property is particularly suitable for end-users looking for a prime location for their F&B or corporate office businesses. The third floor’s residential space can be utilised for staff accommodation. The shophouse boasts a prominent frontage along Liang Seah Street, which sees high vehicular traffic throughout the day. It is also in close proximity to the bustling Bugis area and its array of restaurants and shops.

Low also highlights the property’s potential for long-term investment, particularly in light of the ongoing rejuvenation of Bugis, with new developments such as Guoco Midtown and the upcoming Shaw Towers enhancing the area’s vibrancy.

The urban landscape of Singapore is well-known for its impressive high-rise buildings and advanced infrastructure. This bustling city boasts a variety of condominiums located in prime areas, offering an alluring combination of luxury and convenience. This has led to their popularity among both local and international residents. These extravagant living spaces are equipped with top-notch amenities such as swimming pools, fitness centers, and security services, elevating the overall quality of life for those who choose to reside in them. These factors not only make Singapore Condos a desirable choice for potential tenants and buyers, but also a promising investment for the future, with high rental yields and potential for property value appreciation.

The EOI exercise for the sale of 20 Liang Seah Street will close on April 10. For those interested in purchasing a piece of Singapore’s rich heritage and prime commercial real estate, this could be a lucrative opportunity to acquire a 999-year leasehold property in a highly sought-after location.…

Posted on 19 June 2018 14:35

The ongoing boardroom-family feud at City Developments Limited (CDL) appears to have reached a resolution, with executive chairman Kwek Leng Beng announcing that legal actions initiated against his son and group CEO Sherman Kwek and a faction of board directors have been dropped.

In addition to Kwek Leng Beng and Sherman, two newly appointed independent directors, Jennifer Duong Young and Su Yen Wong, will remain on the board. The rest of the board has agreed to put their differences aside for the betterment of CDL and its stakeholders.

Investing in a Singapore condo offers various advantages, one of which is the potential for capital appreciation. As a major global business hub with a robust economy, Singapore has a continuous demand for real estate, making it an attractive investment option. In the past years, the property prices in Singapore have consistently risen, particularly in prime locations where condos have experienced significant appreciation. With the right timing and a long-term investment strategy, investors can reap substantial capital gains from their condo investments in Singapore.

“We will all continue to focus on strengthening CDL’s business, upholding good corporate governance, and maximizing shareholder value now and in the future,” reads a statement from Kwek Leng Beng on behalf of the board.

The resolution of this long-standing feud is a welcome turn of events for CDL, as it can now focus on its core business, including the completion of landmark developments in Singapore and globally, expanding its portfolio of brands under Millennium & Copthorne, and continuing its capital recycling efforts.

While the resignation of one independent director, Dr Catherine Wu, has been announced, the remaining board members are committed to working together towards CDL’s future success.…

Steve Leung Design Group (SLD), the renowned interior design firm founded by architect and designer Steve Leung, is taking its talents to the European market through a partnership with Italian designer Andrea Bonini.

The company, which is listed on the Hong Kong stock exchange, is excited to announce the launch of its European branch under the name SLD . Andrea Bonini. This new studio will offer a range of interior design services and products to clients in both Asia and Europe, catering to high-end residences and luxury hospitality establishments.

SLD . Andrea Bonini will make its debut at the upcoming Salone del Mobile, Milan’s annual furniture fair in April. The launch will also showcase the brand’s first products – a range of smart home lighting designed in collaboration with leading smart home manufacturer Moorgen.

Investing in a Condo in Singapore: A Profitable Choice for Both Local and Foreign Investors

Singapore has become a highly sought-after destination for property investors due to its robust economy, political stability, and exceptional quality of life. Among the many options available in the real estate market, condos have emerged as a top choice because of their convenience, amenities, and potential for high returns. In this article, we will delve into the advantages of investing in a condo in Singapore, important considerations to keep in mind, and the necessary steps for a successful purchase.

One of the primary benefits of owning a condo in Singapore is the modern and hassle-free lifestyle it offers. These properties are strategically located in prime areas, providing easy access to transportation, shopping, dining, and entertainment options. Moreover, condos are equipped with a plethora of amenities including swimming pools, gyms, and top-notch security features, making them a comfortable and secure living option. With the incorporation of smart technology, daily tasks and maintenance in condos have become more convenient and efficient.

Furthermore, investing in a condo in Singapore can result in attractive returns. The country’s strong economy and stable real estate market have seen a steady increase in condo prices. This trend is especially evident in prime locations where the demand for rental properties is consistently high. As a result, investors can expect a steady stream of rental income and potential capital appreciation.

However, there are certain factors that one must consider before buying a condo in Singapore. Firstly, it is crucial to determine one’s budget and explore financing options. With a wide range of condos available – from affordable to luxury – understanding one’s financial capabilities is essential. Foreign investors must also take note of any additional taxes and fees that may apply.

Secondly, thorough research on the developer and the property is crucial. Singapore has strict regulations in place to ensure that developers adhere to quality standards and fulfill their promises. Therefore, it is advisable to choose a reputable developer with a proven track record of successful projects to avoid any potential issues.

Lastly, it is highly recommended to engage the services of a reliable real estate agent when purchasing a condo in Singapore. They can provide valuable insights and guide buyers through the entire process – from selecting the right property to negotiating and handling paperwork. With their assistance, investing in a condo in Singapore can be a lucrative and fulfilling venture that Condo seekers should definitely consider.

This collaboration marks SLD’s first venture into international expansion. In a press release on March 11, the company stated that this move is part of a new business strategy focused on rejuvenation, diversification, and globalization. “With over 28 years of experience and a strong competitive edge in the market, we aim to deliver exceptional lifestyle through our designs to a wider audience around the world,” the company added.…

On Wednesday, CapitaLand Investment announced it had secured two investment-grade bonds for S$1.85 billion (US$1.36 billion) with tenors of 1.5 years and 5 years, respectively.This marks the largest debt issuance by a single real estate company in Singapore and the first such issuance on the local bond market since the onset of the Covid-19 pandemic in Singapore.

Investing in property in Singapore as a foreigner requires a thorough understanding of the country’s regulations and restrictions. Generally, foreigners are allowed to purchase condominiums with few limitations, unlike landed properties which have stricter ownership rules. Nevertheless, foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their initial property acquisition. Despite this additional expense, the stability and potential for growth in the Singapore real estate market continue to draw in foreign investors. Stay updated on the latest opportunities in Singapore’s property market, including new condo launches.

CapitaLand Group has recently entered into a memorandum of understanding (MoU) with Microsoft, in order to leverage artificial intelligence (AI) and advanced technologies for its diverse range of businesses. As part of this partnership, CapitaLand will join Microsoft Singapore’s AI Pinnacle Program, which will enable them to utilize Microsoft’s platforms, services, and solutions to enhance customer engagement and improve operational efficiency across its funds, investment, retail, lodging, and development business units. This collaboration also includes identifying potential areas of collaboration for infrastructure development, utilizing Microsoft’s Azure cloud computing platform to develop CapitaLand Investment’s data center design and products, as well as integrating AI, data analytics, and machine learning to strengthen its digital and business transformation efforts.

Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, stated, “Our collaboration with Microsoft is a significant milestone in CapitaLand’s digital transformation journey. We recognize the pivotal role of AI in shaping our future, and we are confident that it will not only drive operational efficiencies but also create value for all our stakeholders.” As part of this digital transformation journey, CapitaLand Investment, the real asset management arm of CapitaLand, also signed an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalization and integration of AI across its retail ecosystem. This partnership aims to facilitate the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness, as well as develop AI-focused competency and skills among retail tenants.

In addition, on Wednesday, CapitaLand Investment announced that it had successfully secured two investment-grade bonds with a total value of S$1.85 billion (US$1.36 billion) and maturities of 1.5 years and 5 years, respectively. This marks the largest debt issuance by a single real estate company in Singapore and the first such issuance on the local bond market since the onset of the Covid-19 pandemic in Singapore. These bonds are expected to strengthen CapitaLand’s financial position, enabling it to navigate any potential challenges brought about by the ongoing pandemic.…

CapitaLand Investment and CLI forge a partnership to enhance Singapore retail ecosystem for the future

CapitaLand Group has signed a memorandum of understanding (MoU) with Microsoft to harness the potential of advanced technologies and artificial intelligence (AI) for its businesses. The real estate company will join Microsoft Singapore’s AI Pinnacle Program, giving it access to Microsoft’s platforms, services, and solutions to enhance customer engagement and increase operational efficiency across its funds, investment, retail, lodging, and development businesses.

Through the partnership, CapitaLand and Microsoft will explore collaboration opportunities in areas such as infrastructure development, using Microsoft’s Azure cloud computing platform to design and develop data centers for CapitaLand Investment, and integrating AI, data analytics, and machine learning to enhance its digital and business transformation efforts.

Singapore has established itself as a highly sought-after destination for both local and global investors, particularly in the condominium market. This comes as no surprise, given the country’s robust economy, stable political climate, and exceptional standard of living. With a thriving real estate industry, Singapore presents abundant opportunities, with condos being a particularly desirable investment option due to their convenience, amenities, and potential for high returns. In this article, we will explore the benefits of investing in a Singapore condo, as well as the important factors to consider and necessary steps to take. For those interested in staying updated on the latest developments, check out New Condo Launches, which only adds to the allure of investing in a condo in Singapore. Click here for more information on New Condo Launches.

“We are excited to work with Microsoft as we embark on our digital transformation journey. AI will play a critical role in shaping our future, driving operational efficiencies, and delivering value for our stakeholders,” says Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment.

Alongside this collaboration, CapitaLand Investment (CLI) has also entered into an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalization and AI integration across CLI’s retail ecosystem. This includes initiatives such as promoting the adoption and proof of concept for AI, data analytics, and cybersecurity solutions to improve business efficiency and competitiveness, as well as developing AI-focused skills and competencies among retail tenants.

These partnerships mark an important step in CapitaLand’s efforts to embrace digital transformation and remain competitive in the ever-evolving business landscape. With the support of Microsoft and SBF, CapitaLand aims to drive innovation, enhance customer experiences, and future-proof its businesses for the long term.…

A rare opportunity to own a collection of 14 retail shops has arisen, as ERA Realty Network has recently launched an expression of interest (EOI) exercise for these properties. The portfolio, with a total price of $26.46 million, comprises of units at Peninsula Plaza, Sim Lim Square, and Far East Plaza.

Out of the 14 units, two are located at Peninsula Plaza, a 999-year leasehold mixed-use development along North Bridge Road. These adjoining ground-floor shop units have a combined strata area of approximately 990 square feet and are asking for $8 million, or $8,081 per square foot (psf).

Peninsula Plaza is a commercial development with 30 storeys and was completed in 1980. It includes a six-storey retail podium and a 24-storey office tower, and is directly linked to the City Hall MRT Interchange Station, providing access to both the North-South and East-West lines.

At Sim Lim Square, 11 strata units with a total strata area of 5,081 square feet are up for sale. These units, zoned for commercial use, are all located on the fifth floor and have a 99-year lease that commenced in April 1983, with approximately 57 years remaining. According to ERA, most of the units are currently tenanted. These shops face the mall’s main atrium, providing direct access from the escalators and lifts.

These 11 units at Sim Lim Square can either be purchased collectively or individually. The individual units are priced from $840,000, while the whole portfolio is currently asking for $15.855 million, which ERA says is a 20% discount from the latest valuation. This translates to $3,120 psf on the strata area.

Sim Lim Square is a strata-titled commercial development located at Rochor Canal Road in District 7. It was completed in 1987 and comprises of 492 commercial units spread across six floors and two basement levels.

The last remaining unit for sale is situated at Far East Plaza along Scotts Road. This freehold retail unit is located on the second floor, with a strata floor area of 355 square feet, and it faces the escalator near the mall’s main entrance. It is currently priced at $2.6 million, or $7,324 psf.

Far East Plaza is a freehold mixed-use development completed in 1982. It consists of a five-storey retail mall and serviced apartments, and it is within walking distance of Orchard Road MRT Station.

Donald Goh, director of capital markets and investment sales at ERA, believes that these properties will attract interest from both property investors and business owners. He notes that strata retail sales in the Downtown Core and Orchard Planning Area remained resilient last year, with 28 and 33 deals recorded in each area, respectively. Goh adds: “A ground floor unit at Lucky Plaza was sold for $15,242 psf while units at Orchard Towers and The 101 were sold for $5,309 psf and $5,657 psf, respectively, a testament that strata retail shops are still an attractive investment.”

The EOI for these retail shops will close on April 17 at 3pm. Interested parties can check out the latest listings for Peninsula Plaza properties.

Owning a condo offers various advantages, one of which is the opportunity to leverage its value for further investments. This means that many condo investors use their properties as collateral to secure additional financing for new investments, allowing them to expand their real estate portfolio. However, this approach also carries risks, so it is crucial to have a solid financial plan in place and carefully consider the potential impact of market fluctuations. By using a condo as a form of leverage, investors have the potential to amplify their returns, but it is important to proceed with caution and make informed decisions.…

Singapore-based real estate developer GuocoLand has announced the acquisition of a green club facility worth $367.1 million for its upcoming residential project on Faber Walk. The land parcel, which was awarded to GuocoLand and its joint venture partners TID and Hong Leong Holdings through a Government Land Sale tender last November, spans 277,659 square feet and is set to feature 399 residential units in nine low-rise blocks.

The Faber Walk development will be situated within the Faber Walk landed private residential enclave, adjacent to the Faber Hills estate. It boasts a waterfront location, with the Pandan River and the forthcoming Old Jurong Line Nature Trail in close proximity.

The green club facility secured by GuocoLand complements the company’s sustainable initiatives across its other developments, such as Guoco Tower, Guoco Midtown, Midtown Modern, and Lentor Mansion. These projects have all been designed with biophilic elements and have received recognition for their sustainability, with Guoco Tower earning the WELL Platinum award, Guoco Midtown achieving a Green Mark Platinum rating, and Midtown Modern and Lentor Mansion expected to receive the BCA Green Mark Platinum (Super Low Energy) award and Maintainability badge upon completion.

Dora Chng, residential director of GuocoLand, expressed excitement for the upcoming Faber Walk project and the opportunity to continue incorporating sustainable design into the group’s developments. She cited the success of previous launches like Lentor Modern and Lentor Mansion in the Lentor Hills estate as an example of this commitment.

Finding the ideal location is a vital consideration when it comes to investing in real estate, and this is especially true in Singapore. Condominiums situated in central areas or close to essential amenities, such as schools, shopping centers, and public transportation hubs, have a higher potential for value appreciation. Prime locations, including Orchard Road, Marina Bay, and the Central Business District (CBD), have displayed consistent growth in property values over time. The convenience of being near top-notch educational institutions is also a factor that greatly increases the appeal of condos in these areas for families, further enhancing their investment value. For more information, visit Singapore Condo.

GuocoLand’s next project is a 941-unit development on Upper Thomson Road (Parcel B), a joint venture with Hong Leong Holdings. The project is set to launch in the second half of the year.…

for mass market

On March 8, Sim Lian Group, the developer of Aurelle of Tampines, an executive condominium (EC) located at Tampines Street 62, sold 682 units out of its 760 units, achieving a take-up rate of 90%. The units were sold at an average price of $1,766 per square foot (psf).

According to Sim Lian Group, all the four- and five-bedroom units have been taken up, while 84% of the three-bedroom units have also been sold. Kuik Sing Beng, executive director of Sim Lian Group Limited, commented on the strong response, saying, “This remarkable response underscores the strong demand for thoughtfully designed and well-connected modern homes like Aurelle of Tampines, in the most well-connected regional centre in Singapore.”

Interested buyers can find the latest details on available units and prices for Aurelle of Tampines.

PropNex CEO Ismail Gafoor stated that the average launch price of $1,766 psf has set a new benchmark in the EC market. He also added that the 90% take-up rate is the highest for a new EC project since the launch of Hundred Palms Residences in July 2017, which sold out at an average price of $841 psf.

Sim Lian also announced that the 30% quota allocated for second-timers was fully taken up by 3.15 pm on the launch day. This quota will be lifted a month from the launch date.

Eugene Lim, key executive officer at ERA Singapore, remarked that the take-up rate could have been higher without the quota limit on second-timers. However, he noted that the second-timers will have another opportunity to ballot for a unit a month after the launch date. Mark Yip, CEO of Huttons Asia, also suggested that the government may want to increase the quota for second-timers buying an EC, in line with the recent increase in the quota for second-timers buying larger BTO flats.

PropNex’s Gafoor added that around 68% of buyers opted for the Deferred Payment Scheme (DPS) to finance their purchases, while the rest chose the Normal Payment Scheme.

Prior to the launch, the project received more than 2,200 electronic applications (e-apps) since it opened for preview on February 21. It is the highest number of e-apps received since Copen Grand, the first EC launched in Tengah, attracted 2,300 e-apps in 2022.

Aurelle of Tampines is the second EC launched in Tampines North, following the neighbouring Tenet, a joint development by Qingjian Realty, Santarli Realty, and Heeton Holdings. Launched in December 2022, Tenet saw a 72% take-up rate on launch day and has since been fully sold at an average price of $1,348 psf.

Prices at Aurelle of Tampines start from $1.417 million ($1,687 psf) for a three-bedroom unit spanning 840 sq ft.; $1.689 million ($1,651 psf) for a four-bedroom unit of 1,023 sq ft., and $2.258 million ($1,665 psf) for a five-bedroom unit of 1,356 sq ft.

ERA’s Lim noted that the project’s attractive pricing, strategic location, and unique features have made it a popular choice among eligible first-time buyers and upgraders.

When it comes to investing in a condo, securing financing is a crucial step. Fortunately, Singapore offers a variety of mortgage choices. However, investors must be well-informed about the Total Debt Servicing Ratio (TDSR) framework, which sets limits on the amount of loan a borrower can obtain based on their income and current debt commitments. To navigate this aspect of financing wisely, it is important to have an understanding of the TDSR and to seek guidance from financial advisors or mortgage brokers. This will enable investors to make sound decisions about financing their investments and avoid excessive leveraging. To explore more options, investors can check out Singapore Projects.

Aurelle’s strong sales can also be attributed to its proximity to ParkTown, a fully integrated mixed-use development with a transport hub (MRT station and bus interchange), shopping mall, hawker centre, and community club. ParkTown Residence, a joint venture between CapitaLand and UOL Group, sold 1,041 units on its launch weekend on February 22-23. To date, 1,043 units have been sold at an average price of $2,361 psf.

Huttons’ Yip pointed out that Aurelle is only the second EC to be located next to a fully integrated mixed-use development, after the 573-unit Esparina Residences in Sengkang, launched in October 2010 with an average price of around $748 psf. Based on caveats lodged, the average price of units sold from January 2024 to January 2025 is $1,625 psf, a 117% increase.

In November 2023, a 1,367 sq ft unit on the seventh floor of Esparina Residences was sold for $2.388 million ($1,747 psf), the second-highest psf price achieved at the development. The highest price was for another 1,367 sq ft unit on the 14th floor, which sold for $2.4 million ($1,756 psf).

According to Lim, new ECs are priced approximately $600 psf cheaper than new private condos in 2025. However, compared to resale condos in the suburbs or Outside Central Region (OCR), the average price of a new EC is only 1% higher. He adds that the fresh 99-year lease and modern facilities make new ECs a compelling choice for buyers.…