Condo Ruthmillsteam

in 2017Seller makes $3.4 mil profit on triplex penthouse at Mount Faber LodgePenthouse at Mount Faber Lodge sold for $1,507 psf profit: Four profitable resale transactions at Amaryllis VilleThree profitable resale deals at Mount Sinai Residences

The upscale development Nassim 9 continues to be a top performer in the private non-landed resale market, with the most profitable transaction recorded during the period of Feb 4 to Feb 7. The sale involved a four-bedroom unit spanning 2,486 sq ft, located on the third floor, which changed hands for a staggering $7.5 million, or $3,016 psf, on Feb 7. The seller had previously purchased the unit for $4.12 million ($1,641 psf) in December 2005, reaping a profit of $3.42 million, or 83.8% of their original purchase price. This translates to an annualised gain of 3.2% over 19 years.

According to URA caveats, this transaction is the third-most profitable resale transaction at Nassim 9 to date. The current record was set in March 2023, when a larger four-bedroom unit spanning 2,756 sq ft was sold for $9.5 million ($3,448 psf). It had been bought for $4.12 million ($1,495 psf) in December 2005, resulting in a profit of $5.38 million (130.6%), or an annualised gain of 5% over 17 years.

Prior to the unit sold on Feb 7, the last caveated transaction at Nassim 9 was in March 2023, when a 3,251 sq ft, four-bedroom unit was sold for $10.3 million ($3,169 psf), generating a profit of $3.3 million.

Nassim 9 is a boutique condo with only eight units, located along Nassim Road in prime District 10. Completed in 2002, the four-storey development offers four-bedroom units spanning between 2,756 and 3,423 sq ft.

The second-most profitable resale during the period in review was recorded at the freehold development Mount Faber Lodge, with the sale of a triplex penthouse unit for $5 million ($1,350 psf) on Feb 5. The unit last changed hands in August 2001 for $1.6 million, resulting in a profit of $3.4 million (212.5%), or an annualised gain of 5% over 23½ years.

This transaction is the most profitable unit transacted at Mount Faber Lodge to date. The previous record was held by a three-bedroom unit spanning 2,669 sq ft on the third floor, which was sold for $3.89 million ($1,457 psf) in October 2022. The unit had been purchased for $1.3 million ($487 psf) in January 2006, hence, the seller made a profit of $2.59 million (199.2%).

Completed in 1983, Mount Faber Lodge is a boutique freehold development located along Mount Faber Road in District 4. The condo consists of studio units spanning 1,098 sq ft, along with two- and three-bedroom units from 1,173 to 2,454 sq ft. The development also has 20 five-bedroom triplex penthouses sized from 3,703 to 3,724 sq ft.

The third-most profitable deal during the period in review was the sale of a three-bedroom unit at Amaryllis Ville, a 99-year leasehold condo in prime District 11. The 1,238 sq ft unit on the 28th floor was sold for $2.65 million ($2,141 psf) on Feb 5. It had last changed hands for $1.09 million ($884 psf) in June 2005, resulting in a profit of $1.56 million (142.2%), or an annualised gain of 4.6% over 19½ years.

This transaction is the third-most profitable unit to be sold at Amaryllis Ville. The record belongs to a 1,991 sq ft, three-bedroom unit on the 17th floor, which was sold for $3.75 million ($1,885 psf) in September 2023. The unit was purchased for $1.95 million ($979 psf) in June 2009, which translates to a profit of $1.8 million (92.5%), or an annualised gain of 4.7% over 14 years.

Based on resale data tabulated by EdgeProp Singapore, resale prices at Amaryllis Ville have been steadily increasing in recent years. Based on a rolling 12-month average, the average price hit $1,897 psf in February 2023, before rising to $2,001 psf in February 2024. Last month, the average price hit $2,082 psf, a 4% y-o-y increase.

The 311-unit Amaryllis Ville is located along Newton Road. Completed in 2004, the condo offers a mix of one- and two-bedroom units from 657 to 1,378 sq ft and three-bedroom units from 958 to 2,637 sq ft. There are also 20 five-bedroom triplex penthouses sized from 3,703 to 3,724 sq ft. Nearby condos include the 129-unit Rochelle at Newton along Keng Lee Road and the 378-unit Kopar at Newton along Makeway Avenue.

There were no unprofitable transactions during the period in review.…

Heeton Holdings achieved a significant 221% year-on-year increase in earnings for the second half of its financial year FY2024 ended on December 31, 2024, with profits reaching $3.85 million. However, the group remains in the red for the full year, despite the improvement.For the second half of FY2024, the company recorded earnings per share of 0.79 cents for every ordinary share. For the full year, however, the earnings per share were at a negative 0.28 cents per share.In terms of revenue, Heeton saw a 10.5% year-on-year growth, reaching $41.1 million for the second half of FY2024, while for the full year, the group achieved a 15.2% year-on-year increase, with revenue hitting $78.2 million.Read also: [UPDATE] Tenet EC is 93.2% sold after balloting by second-time buyers The group attributed the increase in turnover to its rental income from investment properties, hotel operation income and management fees. The growth in turnover for the full year was mainly driven by higher occupancy rates in the UK and an increase in rental rates for the group’s investment properties.In 2024, Heeton disposed of some of its subsidiaries, primarily its 70% stake in Gloucester Corinium Avenue Hotel Limited and Ensco 1154 Limited, resulting in a net gain of $3.78 million.The group’s property, plant and equipment reached $418.83 million, mainly comprised of hotel properties. During FY2024, there was a $16.92 million increase due to the acquisition of a hotel in Edinburgh, UK, offset by the appreciation of the pound sterling and a reversal of impairment changes, as well as the disposal of hotels in Japan and the UK, and depreciation charges for the period.On the cash flow side, there was a $32.7 million decrease in cash and cash equivalents, which was mainly driven by major cash inflows and outflows. This includes the proceeds of $26.43 million from the disposal of property, plant and equipment, and $11.37 million from the disposal of subsidiaries.On the other hand, the group had a net repayment of loans from associated and joint venture companies of $24.45 million, additions to property, plant and equipment of $40.36 million, and restricted cash pledge for bank facilities amounting to $22.98 million.Read also: Showsuite expands into legal-tech real estate solutionsIn light of the uncertain economic outlook in Singapore and the uncertain geopolitical landscape under the Trump administration, Heeton will continue to pursue a prudent and steady expansion strategy.The hospitality industry continues to face challenges such as high operating and labour costs, elevated interest rates, and an unpredictable macroeconomic environment. Despite this, Heeton is confident that its bespoke, high-quality boutique brand will continue to offer exceptional experiences to its guests.Meanwhile, Heeton remains active in land tenders in the residential market in Singapore, often as part of a consortium. The group’s two retail malls are also expected to generate stable and recurring income for its property investment business, offering diversification and mitigating potential risks.Heeton has declared a final dividend of 0.5 cents per share for the current financial period.Shares of Heeton closed at 27 cents, down by 0.5 cents or a 1.818% decrease on February 20.…

Que Neo, a prominent Singaporean entrepreneur and boutique property developer from Euro Properties, has a vision to create residential projects that he would personally like to live in. His latest venture, K Suites, a subsidiary of EG Properties, is a forthcoming 19-unit apartment complex located in the prestigious East Coast district, in District 15. The project is expected to be completed and obtain its temporary occupation permit (TOP) by the first quarter of 2025.

One of the key selling points for K Suites is its coveted location, just minutes away from the beach, East Coast Park, shopping malls, the Central Business District (CBD), and Changi Airport. Neo explains, “With easy access to the East Coast Parkway and Pan-Island Expressway, you can reach the airport in just 10 minutes and downtown in 10 minutes as well.”

The development also boasts close proximity to public transportation and renowned schools. The nearest bus stop is less than 50 meters away, making it convenient for residents to access neighboring MRT stations, such as Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL). Eunos Station is only one stop away from Paya Lebar Interchange (providing access to the EWL and Circle Line) and five stops from Bugis Interchange (connecting to the EWL and Downtown Line).

For families with young children, K Suites is located just two doors away from PCF Sparkletots @ Joo Chiat, a reputable preschool. The development is also within a 1km radius of popular primary schools like Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary. Additionally, prestigious secondary schools such as Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School are nearby.

Designed by JGP Architecture, K Suites features a sleek, contemporary exterior with its curtain wall system allowing natural light to illuminate the interior and providing unobstructed views of the surrounding neighborhood. The typical units have regular layouts with 3.5m to 4.5m ceiling heights, while the duplex penthouses boast a 7m ceiling height. Neo highlights, “The apartments have been thoughtfully designed without bay windows or wasted corridors, resulting in more spacious and efficient interiors.” The units are also fitted with top-of-the-line German brand appliances, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings.

Residents will have access to a range of facilities, including a swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The project’s strategic location enables the creation of a grand arrival and drop-off area, while the surface carpark offers 16 parking spaces and two electric vehicle charging stations.

Since the project’s preview launch in September 2022, the first phase of 10 units has already been sold. According to Neo, the buyers are predominantly Singaporean professionals, such as doctors, lawyers, and corporate executives. K Suites offers a mix of three-bedroom units (797 to 872 sq ft), four-bedroom units (1,076 to 1,130 sq ft), and five-bedroom penthouses (1,625 to 1,679 sq ft). The penthouses have been especially popular among large families, with one unit already sold to a family with four children.

Neo also notes that many buyers are looking to upgrade to a larger, freehold property in the prime District 15 location. Some are downsizing from houses to apartments, with a preference for units on the ground level with a ceiling height of 4.5m, overlooking the landscaped garden and facilities.

K Suites is considered the most affordable new freehold project in District 15, with prices expected to rise as the project nears its TOP and market sentiment remains positive. Euro Properties is releasing the remaining units in the development, with three-bedroom apartments starting from $2.058 million ($2,582 psf) and four-bedroom units from $2.525 million ($2,347 psf). One five-bedroom penthouse is still available for sale at $3.5 million ($2,154 psf).

In the wake of the COVID-19 pandemic, boutique developments have gained popularity among some homebuyers, seeking exclusivity, tranquility, and low-density living. A study by Huttons Data Analytics found that prices for selected boutique developments in District 15 have appreciated by over 100% since their launch, with monthly median rents rising by 76.5% over the past five years.

District 15 has long been a popular choice for expatriates, offering a desirable lifestyle with its close proximity to the beach, East Coast Park, and a variety of dining and shopping options. With its prime location and attractive features, K Suites is an appealing choice for both investors and homebuyers.…

Interest rates are expected to remain low for some time, and low rates will likely support asset values and keep non-landed private home rents stable, says Cheong.According to Savills, the limited supply of new properties in the market could help landlords resist low rental offers and support rents, especially in the luxury segment. In addition, the ongoing redevelopment of older properties may also see units being taken out of the rental pool, which could further reduce supply.“These factors will likely provide some form of rental support, especially for high-end residential properties, which has a relatively tight supply pool. We expect that luxury rents will remain flat in 2025, with the potential for some slight growth on the back of a gradual economic recovery and limited supply of high-end residential properties,” says Cheong.The private residential leasing market recorded a modest rebound in 4Q2024, with rents rising by 0.2% q-o-q. However, landlords may face challenges this year, as rental growth is expected to be flat. According to a market report by Savills Singapore, the poor performance of the non-landed private residential market in the first three quarters of 2024 led to a 1.7% decline in rents over the entire year, the first full-year drop since 2020.There were 19,733 leasing transactions in 4Q2024, a 24.2% decline from the previous quarter. This was likely due to a decrease in net new rental demand as the number of employment pass and S pass holders decreased, along with a year-end seasonal lull in rental activity.However, there is still some growth in rental demand, according to George Tan, managing director of Livethere Residential at Savills Singapore. He adds that relatively more affordable rents can be found in suburban areas, which offer tenants lifestyle options such as more spacious units and convenient access to public transportation and amenities.Parc Esta, a 1,399-unit development in District 14, recorded the most condo leasing deals in 4Q2024, with 163 transactions at a median rent of $6.84 per square foot per month (psf pm). Other developments with a high number of rental transactions include Marina One Residences, The Sail @ Marina Bay, Normanton Park, and D’Leedon.In terms of rental price growth, the Outside Central Region saw average rents decline by 0.8% q-o-q in 4Q2024, while the Core Central Region and Rest of Central Region saw rents increase by 0.9% and 0.3% q-o-q respectively.However, the decline in rent prices in the Outside Central Region is likely due to more tenants shifting to central neighbourhoods with more reasonable rents, as seen in a basket of luxury properties tracked by Savills. The average monthly rent of high-end condos increased by 1.7% q-o-q in 4Q2024, suggesting a possible rebound in the luxury rental market.Looking ahead, landlords may face challenges in the rental market as companies continue to reduce headcounts and hire fewer expatriates. They may also have to contend with higher property taxes for non-owner-occupied residential properties and increased conservancy charges due to inflationary pressures. However, the tight supply of luxury properties on the rental market and the ongoing redevelopment of older properties may help landlords resist low rental offers and support rents, especially in the high-end segment.Interest rates are expected to remain low for some time, which will support asset values and keep non-landed private home rents steady. However, the limited supply of new properties may pose challenges for landlords. Nevertheless, Savills expects luxury rents to remain flat in 2025, with the potential for slight growth on the back of a gradual economic recovery and limited supply of high-end residential properties.

Private housing rents experienced a slight rebound in the fourth quarter of 2024, rising by 0.2% from the previous quarter. However, according to a report by Savills Singapore, landlords should not expect rental growth to continue this year.

The poor performance of the non-landed private residential market in the first three quarters of 2024 resulted in a 1.7% decline in rents over the entire year, the first full-year drop since 2020. This can be attributed to a decrease in net new rental demand as the number of employment pass (EP) and S pass holders fell last year, combined with a year-end seasonal lull in rental activity.

In the fourth quarter of 2024, there were 19,733 leasing transactions, a 24.2% decline from the previous quarter. This decrease may have been caused by the decline in net new rental demand and a year-end seasonal lull in rental activity.

Despite the decrease in leasing activity in the fourth quarter of 2024, there is still some growth in rental demand. According to George Tan, managing director of Livethere Residential at Savills Singapore, relatively more affordable rents can be found in suburban areas, which offer tenants lifestyle options such as more spacious units and convenient access to public transportation and amenities.

The development with the most condo leasing deals in the fourth quarter of 2024 was Parc Esta, a 1,399-unit development in District 14, with 163 transactions at a median rent of $6.84 per square foot per month (psf pm). Other developments with a high number of rental transactions include Marina One Residences, The Sail @ Marina Bay, Normanton Park, and D’Leedon.

In terms of rental price growth, the Outside Central Region (OCR) was the only region to see average rents decline by 0.8% quarter-on-quarter (q-o-q). In contrast, rents in the Core Central Region (CCR) and Rest of Central Region (RCR) grew by 0.9% q-o-q and 0.3% q-o-q respectively.

The decline in rent prices in the OCR is likely due to more tenants shifting to central neighbourhoods with more reasonable rents. This trend can also be seen in a basket of luxury properties tracked by Savills, with the average monthly rent of high-end condos increasing by 1.7% q-o-q in the fourth quarter of 2024. This suggests a possible rebound in the luxury rental market.

However, looking ahead, landlords may face challenges in the rental market as companies continue to reduce headcounts and hire fewer expatriates. They may also have to contend with higher property taxes for non-owner-occupied residential properties and increased conservancy charges due to inflationary pressures. Nevertheless, the tight supply of luxury properties on the rental market and the ongoing redevelopment of older properties may help landlords resist low rental offers and support rents, especially in the high-end segment.

Interest rates are expected to remain low for some time, which will support asset values and keep non-landed private home rents steady. However, the limited supply of new properties may pose challenges for landlords. Nevertheless, Savills expects luxury rents to remain flat in 2025, with the potential for slight growth on the back of a gradual economic recovery and limited supply of high-end residential properties.…

CBRE is currently the sole marketing agent for the sale of two prime properties in Singapore’s central business district (CBD). The 27-room Hotel Clover at 7 Hongkong Street is being offered for sale with a guide price of $27 million, while a nearby commercial building at 36 Hongkong Street is also up for sale with a guide price of $22.6 million.

The boutique hotel is spread over six stories and is situated on a 1,701 square foot plot of land. It is zoned for hotel use and has a plot ratio of 4.2 according to the latest Master Plan. The property has a remaining leasehold of 89 years and a total floor area of 7,142 square feet. With a price tag of $3,780 per square foot (psf) of floor area, this presents a prime investment opportunity for potential buyers.

On the other hand, the commercial building at 36 Hongkong Street sits on a slightly larger plot of 1,733 square feet. It is zoned for commercial use, also with a plot ratio of 4.2 under the Master Plan. The building has a remaining leasehold of 93 years and a total floor area of 7,279 square feet. The guide price for this property translates to $3,105 psf. Currently fully leased to a bridal shop on the ground floor and offices on the upper levels, this building offers a stable source of rental income for potential buyers.

According to Clemence Lee, Executive Director of Capital Markets at CBRE Singapore, both properties have attractive remaining land tenures compared to other 99-year leasehold properties in the CBD area. This makes them suitable for owner-occupiers looking for a premium asset with naming rights for their operations. As the properties fall under the hotel and commercial categories, foreigners and companies are eligible to purchase both assets without incurring Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD).

The two properties are located in Clarke Quay, a popular riverfront lifestyle enclave with a bustling nightlife scene. It is also home to various renowned restaurants, bars, boutique hotels and fitness studios. In addition, both properties are conveniently situated near Clarke Quay MRT station on the North-East Line. The nearby CQ@Clarke Quay is undergoing a $62 million asset enhancement initiative, while the upcoming completion of two large-scale integrated developments – Canninghill Piers and Union Square – is expected to further enhance the vibrancy of the area. Lee believes that both properties have the potential for future rental growth and capital appreciation in the medium to long term.

The sale of both properties will be conducted via an expression of interest exercise, with a closing date of March 26. Interested parties can check out the latest listings for commercial real estate properties and consult with CBRE for more information on the price trends, past sales transactions, and rental rates in the commercial and industrial sectors.…

Unit at Mon Jervois sold for $2.8 mil profitEdgeProp Singapore-organised event highlights possibility of new cooling measures, BTO launches in housing marketBudget 2021: Singapore may see more property cooling measures, say experts The real estate market in Singapore has been a hot topic recently, with discussions on the possibility of new property cooling measures, incoming supply from government land sales (GLS) sites and Build-To-Order (BTO) launches, as well as potential impacts from Budget 2025 announcements.These were among the top points of discussion at EdgeProp Singapore’s Property Market Outlook event on February 16, moderated by EdgeProp Singapore CEO Bernard Tong and featuring a panel of three industry experts: Alan Cheong, executive director of research and consultancy at Savills Singapore; Wong Xian Yang, head of research, Singapore and Southeast Asia at Cushman & Wakefield; and Song Seng Wun, Singapore economic advisor at CGS International.The event was held at the Elta sales gallery, a new 501-unit project jointly developed by MCL Land and CSC Land Group. The sales gallery opened for public preview on February 7.Get the latest details on available units and prices for EltaIn January, the government indicated that it was “not adverse” to implementing more property cooling measures and that it was not yet time to roll back on existing measures. Developers sold 1,083 new private residential units (excluding executive condos) last month, a whopping 256% increase from last year.If future cooling measures are implemented, Cheong predicts that they will likely apply uniformly across the residential market. The panelists also discussed the possibility of new measures targeting the HDB resale market, which forms the “floor” of the housing market in Singapore and could potentially add upward pressure on prices in the private housing segment, according to Wong.However, Tong pointed out that the government will be injecting a strong pipeline of GLS and BTO supply into the market to meet housing demand. The 1H2025 GLS programme consists of 10 sites on the Confirmed List, which could yield 5,000 new homes, and HDB plans to offer 19,600 BTO flats in 2025.Under the new BTO classification, newly launched Prime and Plus BTO flats will take about 14 years to enter the resale market, with Wong adding on that prices in the resale market tend to follow project completions and HDB estates completing their minimum occupation period (MOP) rather than the pipeline of GLS sites up for tender each year. Cheong also adds that while GLS supply may have some impact on prices, project completions are more likely to affect prices instead.With that said, all three panelists agree that the recent successes in the new launch market indicate strong buyer confidence in projects set to hit the market this year. For instance, Elta drew about 4,500 visitors during the first three days it was open to the public. Other new launches so far this year include The Orie and Bagnall Haus, which experienced strong selling rates of 86% and 63% at launch, respectively.Read also: Budget 2025: Over 50,000 new HDB flats to be launched in the next three yearsSong notes that despite the pandemic-induced recession, Singapore has seen a relatively strong economic recovery, with further assistance expected as 2025 is an election year. He believes that Singaporeans can expect more handouts funded by government surpluses stemming from healthy government revenue collections in the past three years.The panellists also took questions from the audience. Some participants questioned whether the residential property market is in a “euphoric” phase, to which Cheong commented that this sentiment will likely subside as developers strategically time the launch of new projects. He adds that several launch-ready projects are in neighbourhoods that have not seen a new launch in several years. “If a specific location does not see a new launch in around five or six years, demand tends to build up over that time,” he says.Some investors asked for the panelists’ opinion on the rental market this year, which has slowed since its peak two years ago. Cheong says that while the total number of expatriates in Singapore has indeed declined in the past year, the total volume of rental transactions saw a slight uptick in 2024, potentially due to lower rental prices in the market. He adds on that falling rents likely encouraged some renters to stop flat-sharing and to find their own accommodation, offsetting layoffs among technology and finance companies this year and moderating rental price growth as a result.During the event, Tong also covered upcoming transformation plans for Clementi and Jurong East under EdgeProp’s Master Plan Master Class. He noted that the completion of the second phase of the Cross Island Line (CRL) will add a new MRT station (West Coast) and turn the existing Clementi station into an interchange — a development that Tong says “will have a positive impact on surrounding property prices”.Other transformation plans in Clementi include the redevelopment of Clementi Stadium and the addition of over 6.6km of cycling paths throughout the area. Meanwhile, housing demand in Clementi could potentially benefit from the progressive development of the Jurong Lake District, as well as new jobs created in the nearby Tuas megaport, Tuas Biomedical Park, Jurong Island, and Jurong Innovation District.Data compiled by EdgeProp Singapore shows that the average age of existing condos in Clementi is about 17 years. Tong observes that recent new projects in Clementi have reaped strong capital gains over the years, including Clavon (24% uptick since launch) and The Clement Canopy (43% price growth since launch) — both projects are located next to Elta.EdgeProp Singapore’s suite of property tools could also help owners, buyers, and sellers understand market and price trends, such as HDB resale prices, analytics of profitable transactions, and upcoming GLS sites, should they be interested in the Elta properties.Ask BuddyMost unprofitable condo transactions in past 1 yearCompare price trend of HDB vs Condo vs LandedGenerate price trend graph for new launch condo in District 5Compare price trend of New sale condo vs Resale condoLanded transactions with the highest profits in the past year

At EdgeProp Singapore’s Property Market Outlook event on Sunday, Feb 16, the possibility of new property cooling measures, incoming housing supply from GLS sites and BTO launches, and any potential impacts from Budget 2025 announcements were among the key topics of discussion. The panel, moderated by EdgeProp Singapore CEO Bernard Tong, saw three industry experts share their perspectives: Alan Cheong, executive director of research and consultancy at Savills Singapore; Wong Xian Yang, head of research, Singapore and Southeast Asia at Cushman & Wakefield; and Song Seng Wun, Singapore economic advisor at CGS International. The event was held at the Elta sales gallery, a new 501-unit project by MCL Land and CSC Land Group that opened for public preview on Feb 7. Check out the latest listings for Elta properties In January, the government had hinted at the possibility of implementing more property cooling measures, with no plans to roll back on any existing measures. This came as developers sold 1,083 new private residential units (excluding executive condos) last month, signifying a 256% increase from the previous year. If the government does indeed implement new cooling measures in the future, it is likely that they will apply uniformly across the residential market, predicts Cheong. The panel also discusses the potential of targeting the HDB resale market with new measures, as it forms the “floor” of Singapore’s housing market that could add upward pressure on prices for private housing. In a show of support for this, Wong explains that government intervention has historically been more focused on HDB resale prices than the private housing market. On the other hand, Tong points out that the government is continuously injecting new housing supply into the market, with another 10 GLS sites on the confirmed list and 19,600 BTO flats to be offered in 1H2025. He also adds on that GLS sites up for tender each year are unlikely to affect prices and that project completions may have a stronger impact on prices instead. The panel builds on that and shares sentiments from recent successes in the new launch market, indicating strong buyer confidence in projects that will be released later this year. For instance, Elta drew about 4,500 visitors within the first three days of its public preview, with other new launches, such as The Orie and Bagnall Haus, also experiencing strong selling rates of 86% and 63% at launch, respectively. Read also: Budget 2025: Over 50,000 new HDB flats to be launched in the next three years Song notes that despite the pandemic-induced recession, Singapore has seen a relatively strong economic recovery, with further assistance expected as 2025 is an election year. He believes that Singaporeans can expect more handouts funded by government surpluses stemming from healthy government revenue collections in the past three years. The panellists also took questions from the audience. Some participants questioned whether the residential property market is in a “euphoric” phase, to which Cheong commented that this sentiment will likely subside as developers strategically time the launch of new projects. He adds that several launch-ready projects are in neighbourhoods that have not seen a new launch in several years. “If a specific location does not see a new launch in around five or six years, demand tends to build up over that time,” he says. Some investors also requested the panelists’ opinion on the rental market this year, which slowed from its peak two years ago. “…

According to a press release on February 19th, The Collective, the luxury brand of flexible workspace operator JustCo, has recently launched its first flagship co-working space in Tokyo. Spanning 24,000 square feet, the co-working space is located in GranTokyo South Tower, a 42-story building in the Marunouchi district of Chiyoda City. It is conveniently situated next to Tokyo Station, providing easy access to both Narita and Haneda airports.

“We drew inspiration from the renowned Tokyo Station, and The Collective reflects the sophistication and warmth of a luxurious journey,” shared the group.

In addition to a hot desk area and meeting rooms, The Collective offers private suites with around-the-clock security and larger enterprise suites with personalized entrance features and tailored workspace designs. Each workspace is furnished with Herman Miller Aeron chairs and Benel adjustable desks.

The co-working space also boasts amenities such as the TWG Tea Bar, which offers refreshments throughout the day, and a “wellness sanctuary” where members can take breaks between work.…

Lentor Central Residences, a 477-unit development in Lentor Hills, will be showcased on February 21 and is set to hit the market on March 8. Developed by Hong Leong Holdings, GuocoLand, and CSC Land, this is the sixth new launch at Lentor Hills.

Comprising of two high-rise blocks standing at 27 and 28 storeys, the development will offer a variety of one- to four-bedroom units ranging from 463 sq ft to 1,399 sq ft.

Stay updated on the latest availability and prices for Lentor Central Residences by checking the listings.

Prices for one-bedroom units will start from $975,000 ($2,110 psf), while two-bedroom units will start from $1.38 million ($2,050 psf). For larger units, three-bedders will begin at $1.81 million ($1,984 psf) and four-bedroom units will be priced from $2.37 million ($2,000 psf).

The development boasts a 50-metre Infinity Edge Pool, 25-metre Lap Pool, and Leisure Pools among other landscaped decks. According to Betsy Chng, head of sales and marketing at Hong Leong Holdings, the convenience of having Lentor MRT Station and the Thomson-East Coast Line nearby is a great perk for residents commuting to the city centre.

The location also boasts several retail and dining options such as Lentor Modern, an integrated project by GuocoLand, as well as Thomson Plaza and eateries along Upper Thomson Road and Springleaf estate.

“We believe the new Lentor Hills enclave is on the verge of significant growth and will soon become one of Singapore’s most desirable districts for homebuyers,” says Chng. “Together with our partners, we are proud to be developing premium homes that are affordably priced, where units are sold based on liveable space.”

Lentor Central Residences will also feature a childcare centre and family-friendly amenities such as a children’s playground. Additional condo facilities include a resident’s clubhouse, gym and yoga room, tennis court, and a 50-metre infinity edge swimming pool.

Visit the sales gallery located on Lentor Hills Road for a closer look. Stay informed with latest property deals for Lentor Central Residences by using the Ask Buddy feature.

Find out how the sale transactions for condos in District 26 are doing here and browse through any rental listings in the area. Check out the price trend for resale condo properties compared to executive condos (EC) here and get a quick overview of Lentor Central Residences with the project summary below.

Total units: 477

Condo sale transactions in District 26

Any condo rental listings in District 26?

Compare price trend of Condo new sale vs EC new sale

Project summary for Lentor Central Residences condo

Total number of units in Lentor Central Residences…

Introducing CT Pemimpin, a prime B1 industrial factory situated at 43 Jalan Pemimpin in the Central Region. This latest development is a testament to Chiu Teng Group’s expertise in creating top-notch commercial and industrial spaces in Singapore.

Conveniently located in the heart of Singapore’s District 20, CT Pemimpin is the perfect choice for businesses seeking a highly accessible location and investors looking for a valuable long-term investment.

Eco-friendly features and shared amenities set this nine-storey building apart. Two rooftop pavilions serve as ideal spaces for outdoor gatherings and events, while solar panels, two passenger lifts, and a service lift are also available. The property comprises 56 strata-titled units, three canteen units, and varying floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors on levels one and five. Each unit also offers private toilets for convenience and privacy. Additionally, the building boasts a generous one-to-one carpark ratio with 59 carpark lots, including two electric vehicle (EV) lots, and two loading and unloading bays, as well as a lorry park for vehicles under 7.5m.

According to ERA Singapore CEO Marcus Chu, CT Pemimpin is a highly sought-after development for both investors and end-users. The industrial property is exempt from Additional Buyer’s Stamp Duty (ABSD) and offers risk diversification for investors, while business owners see it as a rare opportunity to own a freehold space instead of renting. Chu adds that the scarcity of centrally located industrial properties for sale will contribute to its appeal.

Ken Low, managing partner at SRI, notes that CT Pemimpin stands out from traditional B1 industrial developments due to its sleek modern facade and prime location. With its proximity to Marymount MRT station (five-minute walk) and Bishan sub-regional centre (13-minute walk), the property is expected to attract many young entrepreneurs and their staff. The last freehold industrial launch in this area, Mapex, has a proven track record of good profitability and rental over the past 10 years. Low adds that the freehold status of CT Pemimpin makes it a rare find in the market, as most industrial developments are limited to 30 or 60-year leases. This feature will appeal to investors looking for valuable assets with long-term potential, including family offices and companies in the information and communications media industry seeking clean B1 spaces.

Unlike residential properties, commercial and industrial properties are not subject to ABSD for buyers, making them more appealing to investors and eligible foreigners.

The excellent connectivity of CT Pemimpin is another highlight of the development. Its strategic location allows for seamless accessibility via public and private transport from all parts of Singapore. Marymount MRT station (Circle MRT Line) is just a five-minute walk, and Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line) are only a five-minute drive away. Major expressways such as PIE and CTE are also within close proximity, and the upcoming North-South Corridor is expected to further reduce travel time from the north to the city.

Surrounded by lively neighbourhoods like Bishan, Upper Thomson, and Ang Mo Kio, CT Pemimpin offers an array of retail and dining options at popular shopping destinations such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. The location is also ideal for families with school-going children, as it is near reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College.

Since its establishment in 1999, Chiu Teng Group has earned a reputable standing as a reliable developer and builder in the industrial and commercial sectors. Its impressive portfolio includes well-received projects like CT FoodNEX, CT Foodchain, Tagore8, CT Hub, CT Hub 2, and The Creek@Bukit.

The preview of CT Pemimpin will commence on February 21, 2025. Don’t miss this exclusive opportunity to own a rare freehold industrial space. Call 8100 8017 today or visit Chiu Teng Group to book a viewing.…

Singapore Realtors Inc (SRI) has recently partnered with Redbrick Mortgage Advisory to enhance the capabilities of their salespersons. This collaboration aims to provide SRI agents with advanced mortgage training to better guide homebuyers in their financing options.

With this partnership, Redbrick will be conducting training sessions for SRI agents on mortgage strategies, equipping them to be better advisors for clients. “We are excited to partner with SRI and empower their salespersons to become trusted advisors who can offer personalized financing solutions to help buyers make informed decisions,” says Eugene Huang, CEO of Redbrick.

Aside from training, Redbrick will also be providing SRI agents with mortgage rate information from more than 15 financial institutions. This information will be updated regularly to reflect any changes in the market. “With Redbrick’s expertise and access to real-time mortgage data, our SRI agents can now efficiently share up-to-date financing options with their clients,” shares Thomas Tan, CEO of SRI.

This partnership between SRI and Redbrick aims to improve the overall home buying experience for clients by equipping SRI agents with the necessary knowledge and tools to provide them with tailored financing solutions.…