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The retail podium of Sky Eden@Bedok, a mixed-use development by Frasers Property Singapore, is now available for sale through an expression of interest (EOI) exercise. The guide price for this retail podium, which comprises 12 strata units on the ground floor, is set at $45.2 million. With a combined strata area of approximately 11,193 sq ft, the guide price translates to $4,038 per square foot.

There are many advantages to buying a condominium in Singapore. Among them is the high demand for properties in this country, which can lead to an increase in property value and attractive rental yields. However, it is essential to carefully evaluate important factors such as location, financing options, government regulations, and current market conditions before making a purchase. Conducting extensive research and seeking guidance from experts can help investors make wise decisions and maximize their returns in Singapore’s ever-changing real estate industry. Whether you are a local investor looking to expand your portfolio or a foreign buyer searching for a stable and profitable investment, Singapore Projects offers a compelling opportunity.

According to CBRE, the marketing agent for the sale, the retail units can be sold as a portfolio, individually, or in clusters. Ranging in size from 398 sq ft to 1,313 sq ft, the units are priced from $1.91 million to $5.55 million. They are all approved for F&B use.

Sky Eden@Bedok, currently under construction, is a 99-year leasehold development located in Bedok Central. It consists of two 16-storey residential towers on a retail podium, with a total of 158 units. The development is just a short walk away from the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange connected to Bedok Mall.

Launched in September 2022, Sky Eden@Bedok is the first private residential project to be launched in Bedok Town Centre in the last 10 years. All residential units have been fully sold since the launch. The development is expected to obtain its temporary occupation permit in the fourth quarter of 2025.

Michael Tay, CBRE’s head of capital markets for Singapore, believes that the strata retail units at Sky Eden@Bedok present a unique opportunity for investors. He notes that this is the first time private commercial properties are being offered for sale in Bedok Town Centre. With a manageable investment amount, Tay is confident that the retail podium will attract a diverse group of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers looking to enter the commercial market in a tightly-held residential enclave.

The EOI for the retail podium will close on April 3 at 3pm. Interested investors can check out the latest listings for Sky Eden@Bedok properties on AskBuddy, where they can also find 2-bedroom floor plans and the site plan and diagrammatic chart for the development. They can also view condo sale transactions in District 16, as well as other projects that recently obtained TOP. With a total of 158 units, Sky Eden@Bedok is a highly desirable development in the area.…

, say property experts

The latest round of the Home Improvement Programme (HIP) has selected over 29,000 HDB flats for upgrading. According to a press release on Feb 16, HDB has allocated a budget of $407 million for the works.

These flats are located in Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh, and Woodlands.

The HIP was first introduced in 2007 to help flat owners address common maintenance issues in older flats due to wear and tear. Since then, the programme has selected 494,000 flats, with close to 381,000 undergoing upgrades, according to Minister for National Development Desmond Lee.

Under the programme, selected flats will undergo essential improvements to ensure the basic safety needs of residents, such as repairing spalling concrete and ceiling leakages. These improvements are fully funded by the government for Singapore citizen households.

In addition, flat owners can opt for optional improvements such as upgrades to existing bathrooms and toilets, a new entrance door and grille gate, and a new refuse chute hopper. These improvements are subsidised by the government, with Singapore citizen households paying as low as 5% of the cost, depending on the flat type.

Since 2012, the HIP has also included the Enhancement for Active Seniors (Ease) programme. This allows flat owners to install senior-friendly fittings like grab bars, ramps, and slip-resistant treatment to toilet and bathroom tiles. Up to 95% of the costs are covered by the government for Singapore citizen households.

HDB reports that approximately $4 billion has been allocated to the HIP and around $150 million to Ease since their launch in 2012 and March 31, 2014 respectively.

The demand for Singapore condos remains strong, largely due to the limited availability of land in the small island nation. With a rapidly growing population, Singapore faces a scarcity of land for development, leading to strict land use policies and a highly competitive real estate market. As a result, property prices are consistently driven up, making investment in real estate, especially in condos, a lucrative opportunity with the potential for significant capital appreciation.

To find out more about HDB properties, check out our latest listings. You can also use Ask Buddy to compare past HDB sale and rental transactions, as well as the HDB loan rate versus bank loan rate. You can also compare price trends of HDB, condo, and landed properties.

In other news, according to OrangeTee, HDB resale prices are projected to increase by 4% to 6% in 2025. Additionally, a 13-year-old five-room flat in Toa Payoh was recently sold for $1.3 million. Property experts suggest that the February 2025 BTO launch will have fewer available flats compared to the October BTO launch.…

A prime strata-titled unit spanning 3,391 sq ft and approved for restaurant use is now on the market at Bukit Timah Plaza mall. With an asking price of $9.8 million, or $2,890 psf, this reflects a 12% discount from the previous listing price of $11 million in 3Q2022, according to Clemence Lee, CBRE’s executive director of capital markets, who is marketing the property.

The unit, situated in the basement two of the mall, boasts a 20m frontage facing the central plaza. Fully leased at the moment, the unit is being sold with the existing tenancy. It has a 99-year lease from 1976, giving it a remaining lease of 50 years.

The current price is comparable to the last two basement two transactions: A 441 sq ft unit that was sold for $1.43 million ($3,240 psf) in March 2024 and an 850 sq ft unit that fetched $2.5 million ($2,940 psf), based on lodged caveats.

Bukit Timah Plaza, a mixed-use development completed in 1979, comprises a four-storey retail mall and two apartment blocks with 269 residential units at Sherwood Towers. CBRE notes that the mall is one of the most popular destinations in Bukit Timah, home to one of the largest Fairprice Finest supermarkets in Singapore, spanning over 44,000 sq ft.

The mall is conveniently located within walking distance of Beauty World and King Albert Park MRT stations, and also surrounded by several private residential developments, with an estimated population of around 37,000. It is also in close proximity to well-respected educational institutions, such as the Singapore Institute of Technology (SIT), Singapore Institute of Management (SIM), Ngee Ann Polytechnic, Methodist Girls’ School, and Pei Hwa Presbyterian Primary School.

Bukit Timah Plaza is situated in the vibrant Beauty World area, which is currently undergoing rejuvenation with the development of many new mixed-use, integrated projects. These include the upcoming The Reserve Residences, as well as the redevelopment of the former Bukit Timah Market and Food Centre, expected to be completed in late 2029.

The government’s property cooling measures play a crucial role in the decision to invest in a condo in Singapore. To maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented several measures over the years. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer investment environment. In light of this, it is worth considering the latest new condo launches in Singapore as these properties are developed in line with the government’s regulations and policies, providing a more secure investment option.

The expression of interest for the unit will commence on Mar 19. Be sure to check out the latest listings for properties in Bukit Timah Plaza and Sherwood Towers.…

Two adjoining strata retail units at Peninsula Plaza are currently on the market for $10.9 million. These units, which are located on the ground floor and have prominent frontage along North Bridge Road, are being sold on a 999-year leasehold.

Each unit has a strata area of 538 sq ft and 581 sq ft respectively, making the total strata area 1,119 sq ft. This translates to a asking price of $9,741 per square foot.

Currently tenanted until 2026, these properties offer a 3% gross rental yield for potential investors. According to Nick Chan, Associate Director of Investment Sales & Capital Markets at Savills Singapore, who is handling the sale of the units, these two units are arguably the best within the development due to their high footfall.

Peninsula Plaza is a 999-year, 30-storey mixed-use commercial building with a six-storey retail podium and a 24-storey office tower built in 1980. It boasts prominent frontages along North Bridge Road, Coleman Street, and Coleman Lane. In addition, it also has a sheltered link to the City Hall MRT Interchange Station for the North-South and East-West lines.

The last transaction for a ground-floor retail unit at Peninsula Plaza was in August 2022, when a 452 sq ft unit was sold for $4.08 million, which translates to $9,025 per square foot. As strata subdivision of the commercial component of new properties in the CBD and Orchard corridors was restricted by URA in March 2022, Chan notes that strata-titled units, especially those with 999-year and freehold tenure, have become more sought-after.

Investing in a Singapore condo requires careful consideration of financing options. As such, it is crucial for potential investors to understand the Total Debt Servicing Ratio (TDSR) framework in Singapore. This framework sets a maximum limit on the amount of loan an individual can take based on their income and existing debt obligations. To make informed decisions about financing, it is recommended to seek guidance from financial advisors or mortgage brokers who can help navigate the TDSR and avoid over-leveraging. With a range of mortgage options available in Singapore, being aware of the TDSR is essential for successful condo investment.

If you’re interested in owning a property at Peninsula Plaza, check out the latest listings for available units on EdgeProp Landlens.…

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Brand New Land had a unique vision for their latest project – to combine elements of Good Class Bungalow (GCB) design with accessible luxury in their semi-detached homes. To make this vision a reality, they turned to Pau Loh, managing director of Tellus Design, a renowned name in the GCB design industry. With their three-decade-long partnership, they have created a series of four semi-detached homes in Bukit Timah and Upper Bukit Timah, each incorporating elements inspired by the best practices of GCB homes.

Singapore’s cityscape is characterized by towering skyscrapers and contemporary infrastructure. Condominiums, strategically situated in desirable locations, offer a fusion of opulence and practicality that appeals to both locals and foreigners. These residential complexes boast a plethora of facilities, including swimming pools, fitness centers, and security services, elevating the overall standard of living and making them highly sought after by potential residents and investors alike. With these attractive features, investors can expect to receive higher rental returns and witness a steady increase in property values over time. For more information, visit Singapore Condo.

The collection includes two homes at 23 & 23A Maple Avenue with a frontage of over 24m, and two homes at 25 & 25A Jalan Selanting, affectionately known as “The Great Trees Collection”. Ranging in land size from 2,790 to 3,130 sq ft, each home boasts a lift, swimming pool, and gourmet kitchen provisions. Keeping in line with Brand New Land’s philosophy of creating value for their clients, these homes are priced fairly within the bank valuation range, providing potential upside for buyers.

The semi-detached homes incorporate various GCB design elements, such as dedicated zones for different functions, inspired by the large bungalow homes. This includes separate areas for receiving guests, dining, gourmet cooking, and entertainment, as well as living zones for smaller or larger groups. According to Alvina Teh, Co-Founder and Director of Brand New Land Group, this layout creates a sense of intimacy and privacy for family and friends to coexist under one roof.

Another element borrowed from GCB homes is the concept of “ceremonial entrances”. Tatiana Teh, Client Relations Director of Brand New Land Group, explains that the experience of coming home and stepping into a personal space is something they wanted to bring to their community. Each semi-detached home features a private entrance, framed by lush greenery, the sound and reflection of water, and warm and rich facade materials, creating a beautiful transition from the outside world to the comfort of home.

The homes also feature the signature GCB design elements of wide overhanging eaves and deep recesses, creating shelter and cooling the interiors. The use of horizontal design elements, such as the wraparound golden sand facade treatment and horizontal planters, give the homes a spacious and luxurious aesthetic. The generous use of nature-inspired cladding elements, such as timber-effect screens and midnight tones, lend a statement-making look to the homes.

Inside, the homes exude a sense of quiet luxury, with rich timber grain, precious marble, and German bath fittings. The master bathroom is a sanctuary, featuring sleek bath fittings, mood lighting, and slab-cut marble finishes. To further elevate the kitchen experience, Brand New Land has partnered with luxury kitchen specialist, Arclinea Singapore, known for their inspiring kitchen spaces. This collaboration brings a special edge to the gourmet kitchens in these homes.

Alvina Teh shares that their goal for this collection was to bring the best GCB design principles into their semi-detached homes. She expresses her gratitude to Pau Loh and his expertise, which has helped make this vision a reality. Brand New Land is excited for the future possibilities that these homes can create for their residents.

To view these homes, interested parties can call 8893 7602. For more information and updates on upcoming launches, visit Brand New Land’s website and social media pages. The group also invites anyone with land with potential for redevelopment to reach out to them via email.…

When it comes to investing in a condo, financing is a crucial factor to consider. Singapore has a variety of mortgage choices available, but it is important to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can obtain based on their income and current debt commitments. By understanding the TDSR and seeking guidance from financial advisors or mortgage brokers, investors can make well-informed choices about their financing and prevent over-leveraging. Condos are no small investment and it is important to carefully consider all financial aspects before making a decision.

A 99-year leasehold HDB shophouse at 214 Serangoon Avenue 4 will be up for auction at SRI on Feb 26. The property is a two-storey building with living quarters on the second floor, and a total floor area of around 1,668 sq ft. It has been listed with a guide price of $1.98 million, which translates to $1,187 psf on the floor area. This will be the second time the property appears at SRI’s auction, as it was also listed last month with a higher guide price of $2.08 million, but did not find a buyer. The shophouse is prominently located in front of a bus stop, giving it good visibility from the road.

According to Jansen Kee, assistant manager of auctions at SRI, the property is currently tenanted and generating a gross rental yield of approximately 6.2% based on the guide price. He also adds that the unit will be sold with its existing lease, which ends in 2026, providing the new owner with an immediate stream of rental income. Kee notes that the listed guide price for the HDB shophouse is one of the lowest for this type of property in the area, making it an attractive value proposition for both investors and owner-occupiers.

The most recent commercial shophouse transaction in Serangoon was the sale of a 999-year leasehold shophouse along Lichfield Road in November 2024. The two-storey property spanned a land area of 2,319 sq ft and was sold for $4 million ($1,725 psf). The shophouse up for auction is located within a cluster of HDB flats that border the Serangoon Gardens landed residential estate. It is situated directly across the road from Serangoon Swimming Complex and Serangoon Sports Centre, which provide the area with a steady supply of foot traffic. There are also car park lots available behind the shophouse for convenience.

Based on URA records, the completion year for Serangoon Garden Estate was in November 2024. The buyer profile for properties in Serangoon Garden Estate includes investors, owner-occupiers, as well as foreigners looking for rental properties or longer-term investments. The price trend chart for Serangoon Garden Estate shows a gradual upward trend in the past few years, with new sale condos generally more expensive than resale condos. However, the rental yield for properties in Serangoon Garden Estate is relatively high, making it an attractive option for investors.…

An exquisite four-bedroom duplex apartment is now available at the freehold luxury condo, 3 Orchard By-The-Park, through an expression of interest exercise (EOI) with a guide price of $15.8 million.

The unit, marketed by Huttons Asia, boasts an impressive size of over 3,800 sq ft, translating to a price of approximately $4,158 psf. With a ceiling height of 4m and a private lift, this unit offers luxury living at its finest. Three of the four bedrooms feature ensuite bathrooms. The unit underwent extensive renovations three years ago, with over $700,000 invested in the revamp, according to Huttons.

Designed by renowned Italian architect Antonia Citterio, 3 Orchard By-The-Park was completed in 2017. Comprising of three 25-storey towers, it offers a total of 77 units. The residence includes two- to four-bedroom units ranging from 1,066 sq ft to 3,800 sq ft, as well as luxurious penthouses measuring 6,555 sq ft to 6,900 sq ft.

Situated on Orchard Boulevard, the development is in close proximity to the bustling Orchard Road shopping belt. It is also surrounded by esteemed educational institutions such as Anglo-Chinese School (Junior), Anglo-Chinese School (Primary), ISS International School (Elementary & Middle School Campus), and Singapore Chinese Girls’ School (Primary). Furthermore, the Orchard Boulevard MRT Station (Thomson-East Coast Line) is conveniently located nearby.

Recent transactions at 3 Orchard By-The-Park show that the property is in high demand, making this unit an excellent investment opportunity. The EOI will close on March 5 at 4pm.

Don’t miss the chance to own this luxury duplex apartment at 3 Orchard By-The-Park. Check out the latest listings for condominium properties in the area and access helpful tools such as price trend charts, rental yield analyses, and a list of the most expensive condominium projects in District 10.

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The scarcity of land has made condos a highly sought-after option in Singapore. As a small island nation with a fast-growing population, Singapore struggles with the limited availability of land for development. As a result, strict land use policies are in place and the real estate market is highly competitive, resulting in continuously rising property prices. This has made real estate investments, especially in condos, a profitable opportunity with the potential for significant capital gains. To explore more options for Singapore condos, check out Singapore Condo.…

The shophouse market in 2024 has remained relatively quiet, with only 84 caveated transactions, according to Huttons Asia. The consultancy’s latest quarterly research report on the shophouse market shows that this number is below the annual average of 200 shophouse deals recorded between 1995 and 2023.

Senior director of data analytics at Huttons Asia, Lee Sze Teck, notes that while many buyers did not lodge a caveat, the number of shophouse deals in 2024 is likely the lowest since 1998. The total value of the 84 caveated transactions was $683.6 million, representing a 38.9% decrease from the $1.1 billion recorded in the previous year.

When it comes to investing in a condo, securing proper financing is crucial. Fortunately, Singapore provides various mortgage choices for potential buyers. However, it is important to note the Total Debt Servicing Ratio (TDSR) framework, which sets a cap on the loan amount that a borrower can obtain based on their income and current debt commitments. To make well-informed financing decisions and prevent over-leveraging, it is crucial to comprehensively understand the TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, checking out New Condo Launches can be beneficial for finding the best financing options available.

However, Lee points out that the un-caveated shophouse transactions in 2024 included several “substantial” deals in prime locations such as Amoy Street, Neil Road, North Bridge Road, and Telok Ayer Street, which he estimates were sold for over $200 million. The largest shophouse deal in 2024 was the sale of The Rail Mall by Paragon REIT for $78.5 million in June. This is now the most expensive shophouse deal on record, surpassing the previous record of $74.8 million for a row of shophouses along Jalan Sultan in March 2022.

The Rail Mall shophouses were valued at $62 million as of December 2023, meaning the seller made an estimated gain of $16.5 million on the sale. Most of the shophouse transactions in 2024 were for smaller quantums, with over half of the caveated deals valued at $5 million to $15 million.

Furthermore, almost half of the shophouse transactions in 2024 took place in District 8, which Lee attributes to its desirable city-fringe location and lower prices compared to Districts 1 and 2. Shophouse rents islandwide also experienced a slight decrease in the fourth quarter of 2024, dropping 2.6% quarter-on-quarter to $6.47 per square foot per month. However, for the whole of 2024, shophouse rents saw an increase of 1.7%.

In conclusion, the shophouse market in 2024 has been relatively quiet, with a low number of transactions and a decrease in rents. However, some substantial deals were still made in prime locations, and District 8 remains a popular choice for buyers due to its attractive location and lower prices.…

CBRE’s Singapore Market Outlook 2025 report, which was released on January 23, suggests that the real estate market may experience disparate outcomes in the next 12 months due to uncertain macroeconomic conditions. While easing inflation and interest rates could provide some relief for the property market, Moray Armstrong, managing director and advisory services at CBRE, warns that the expected economic slowdown could negatively impact property demand. The Ministry of Trade and Industry is projecting GDP growth to be between 1% and 3% in 2025, down from the 4% recorded in 2024.

According to CBRE, several factors could influence the market in the near term, including geopolitical tensions, a new US administration with a nationalistic economic agenda, and the release of the URA Master Plan 2025 in the middle of the year. Despite these uncertainties, opportunities remain for participants who can capitalize on emerging trends, says Armstrong.

Tricia Song, CBRE’s head of research for Singapore and Southeast Asia, shares a similar outlook, noting that limited new supply and stable demand continue to bolster the overall property market. She predicts that the Singapore market will maintain its stability and resilience, making it attractive to global investors.

Developer sales volume surged threefold to 3,511 units in the last quarter, rebounding from record lows in the first nine months of 2024, according to URA data. This prompted speculations of cooling measures, but CBRE believes this is unlikely unless prices rise sharply in the coming quarters. With improved buying sentiment, developers are expected to launch 12,000 to 14,000 new units this year, nearly double the 6,647 launched in 2024. CBRE predicts 7,000 to 8,000 units could be sold in 2025, with prices growing between 3% and 6%, and rental rates increasing between 1% and 3%.

Communal living in a condo offers many benefits, but it’s crucial for investors to also take into account the property’s maintenance and management. Generally, condos have maintenance fees that take care of common areas and amenities. Although this may increase the overall cost of owning a condo, it guarantees that the property is well-maintained and maintains its value. To make condo ownership a more passive investment, hiring a property management company can help with daily management. Keep up with new condo development launches by visiting New Condo Launches.

The office market saw a more muted 2024, with global uncertainties and hybrid work arrangements slowing leasing volumes. Core CBD (Grade A) rents grew by just 0.4% y-o-y last year, compared to 1.7% growth in 2023. With slower economic growth expected in 2025, CBRE forecasts that office leasing momentum will remain muted as uncertainties suppress expansionary demand. However, the limited pipeline of new Core CBD (Grade A) offices over the next three years is expected to keep vacancy rates low. CBRE predicts a 2% rental growth for 2025, in line with GDP projections.

Limited supply is also anticipated to support retail rents. An estimated 0.5 million sq ft of new retail space will be completed in 2025, a 40.4% decrease from 2024 and below the 10-year annual average of 0.91 million sq ft. With positive leasing sentiment and a robust pipeline of events and entertainment, CBRE is projecting a 2% to 3% growth in average retail prime rents, recovering to pre-pandemic levels.

In the industrial sector, expansion demand was subdued in 2024 due to cost pressures and supply chain disruptions from the Red Sea crisis. As a result, prime logistics rents only increased by 1.1% to $1.87 psf/month. However, a bumper supply of almost 5 million sq ft of warehouse space is expected to be completed this year, with at least 60% already committed. This should ease downward pressure on occupancy rates, keeping prime logistics rents relatively flat in 2025.

CBRE anticipates real estate investment volumes in Singapore to continue to grow in 2025, albeit at a slower pace. In 2024, investment volumes increased by 28% y-o-y to $28.62 billion, a reversal from the 30.3% decline in the previous year. Low interest rates have bolstered investor sentiment and appetite, which is expected to continue into 2025. CBRE’s latest Asia Pacific Investor Intentions Survey shows that most investors plan to purchase the same or more in Singapore in 2025 than in 2024.

However, given the ongoing uncertainties, CBRE predicts that investors will be selective, focusing on sectors or strategies with a more favorable outlook. They anticipate a 10% y-o-y growth in investment volumes in 2025, barring any major macroeconomic shocks. According to their survey, the industrial and logistics sector is the most preferred among investors, followed by residential and office properties.…

When considering investing in condos in Singapore, it is important to be aware of the government’s property cooling measures. Throughout the years, the Singaporean government has implemented various measures to prevent speculative buying and maintain a steady real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a more secure investment environment. Condo investors should keep these measures in mind when making their investment decisions.

Rewrite:Palm Spring’s three-bedroom unit recently made the most profitable resale transaction from January 14th to 28th. According to lodged caveats, this transaction took place on January 20th, with the unit on the fourth floor being sold for $4.4 million ($2,336 psf). This amount exceeds its purchase price of $1.21 million ($642 psf) back in August 2005, resulting in a profit of $3.19 million (264%) for the seller. This translates to an annualised profit of 6.8% over almost 20 years.This sale also sets a new record at Palm Spring for the most profitable resale transaction, surpassing the previous record of $2.56 million (185%) when a 1,970 sq ft unit on the first floor was sold for $3.94 million ($2,000 psf) in April 2023. The first floor unit was originally bought for $1.38 million ($701 psf) in January 2003.A freehold condominium located on Ewe Boon Road in prime District 10, Palm Spring consists of 167 units and was completed in 1997, making it 28 years old. Its prime location is situated near Stevens MRT Interchange on the Downtown (DTL) and Thomson-East Coast Lines, as well as Newton MRT Interchange on the North-South Line and DTL.Based on a tabulation of resale transactions by EdgeProp Singapore, prices at Palm Spring have been steadily increasing over the last 20 years. In January 2015, the average transacted price was around $1,439 psf, which has since risen to approximately $2,342 psf in the previous month. This reflects a significant increase from the average price of $973 psf in January 2005.Palm Spring also saw two units being sold last year, further affirming its strong resale performance. In September, a 947 sq ft unit was sold for $2.19 million ($2,312 psf), resulting in a profit of $990,000. In October, a 1,496 sq ft unit was also sold for $3.36 million ($2,246 psf), leading to a profit of $2.24 million. This demonstrates the potential for capital gain at this desirable condominium.In a separate transaction, the most profitable resale transaction took place at Orchard Bel Air, with the sale of a four-bedroom unit generating a profit of $3 million (182%) on January 15th. This 3,229 sq ft unit on the 12th floor was sold for $4.65 million ($1,440 psf), surpassing its purchase price of $1.65 million ($511 psf) back in May 2001. This translates to an annualised profit of 4.5% over nearly 24 years.However, the most notable transaction at Orchard Bel Air was the sale of a 6,512 sq ft penthouse unit on the 25th floor in January 2013, which garnered a record profit of $8.3 million ($1,275 psf). This unit was initially purchased for $3.83 million ($588 psf) in March 2006.Located in prime District 10 along Orchard Boulevard, Orchard Bel Air is a 99-year leasehold condominium that was completed in 1984 and has approximately 54 years left on its land tenure. It is situated next to a government land sale (GLS) site on Orchard Boulevard that was awarded to a UOL-SingLand joint venture last February for $428.28 million or a land rate of $1,617 psf per plot ratio. Nearby, the neighbouring Cuscaden Reserve, a 192-unit luxury condominium that was completed in 2023, commands an average price of approximately $3,043 psf as indicated by transaction data.Meanwhile, the most unprofitable transaction during the period in review occurred at Marina Bay Suites, with a loss of $1.15 million (27%) on the sale of a 1,625 sq ft unit on the 58th floor on January 24th. This unit was sold for $3.1 million ($1,907 psf), having previously been purchased for $4.25 million ($2,614 psf) in May 2012. This equates to an annualised loss of 27% over nearly 13 years.This recent transaction at Marina Bay Suites adds to a series of unprofitable deals that have taken place in the past nine months, with 14 consecutive loss-making transactions reported. These losses ranged from $40,000 to $2.5 million. A 99-year leasehold condominium situated within the six towers of the Marina Bay Financial Centre mixed-use development along Central Boulevard and Marina Boulevard, Marina Bay Suites consists of 221 units and a 66-storey residential tower featuring a mix of three- and four-bedroom units.Over the years, the average selling price at Marina Bay Suites has fallen from $2,502 psf in January 2015 to approximately $1,921 psf in January, which is lower than other nearby 99-year leasehold condominiums such as The Sail @ Marina Bay ($2,047 psf), Marina Bay Residences ($2,242 psf), Marina One ($2,103 psf), and V on Shenton ($2,027 psf). This highlights the potential for capital loss at Marina Bay Suites compared to its neighboring developments.…