When it comes to investing in real estate, location is a key factor to consider. This is especially applicable in Singapore, where the right location can greatly impact the value of a property. Condominiums situated in central areas or in close proximity to essential amenities like schools, shopping malls, and public transportation hubs tend to have higher appreciation rates. Some prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values over the years. The presence of reputable schools and educational institutions in these areas also make condos highly desirable for families, making them an attractive investment option. In fact, investing in new condo launches in these prime locations can be a smart move for potential buyers looking to capitalize on the growth potential of the Singapore real estate market. For more information on new condo launches, check …
Month: September 2024
Singapore Ranks Fourth Apac Office Space Taken Legal Firms Savills
According to recent research by Savills, Singapore has emerged as the fourth most active city in the Asia Pacific (Apac) region in terms of leasing activity in the legal sector for the first half of 2024. The city-state ranked behind Shanghai, Beijing, and Hong Kong, respectively.
Executive director of commercial at Savills Singapore, Ashley Swan, notes that while Singapore’s leasing market has been relatively subdued, legal firms have shown considerable activity. Swan explains that some firms have taken the opportunity to secure new premises with a refreshed working style in order to attract and retain top talent.
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Condo investment in Singapore is a highly attractive option, however, there is an important factor that must be taken into consideration – the government’s property cooling measures. In order to regulate the real estate market and discourage speculative buying, the Singaporean government has implemented several measures over the years. One of the …
Properties Sale Hdb Shophouse Toa Payoh Central Ground Floor Commercial Unit Kalidasa Avenue
A corner HDB shophouse at Block 177 in Toa Payoh Central has been listed for sale through an expression of interest (EOI) exercise at a guide price of $5.88 million. The property, which comprises a ground-floor commercial unit and a residential unit on the upper floor, has a 78-year leasehold tenure with 46 years remaining.
The 635 sq ft commercial unit boasts a double frontage of 8.3m, providing flexibility for potential subdivision or conversion, subject to relevant authority approvals, says Sammi Lim, founder and executive director of Brilliance Capital, the sole marketing agent for the property.
The ground-floor unit is currently tenanted, providing stable recurring income for investors, while the upper-level residential unit is currently occupied by the owners. The proximity to HDB housing estates, HDB Hub, and public transportation such as Toa Payoh MRT station and bus interchange make the shophouse a convenient choice for both tenants and residents.…
Office Floor Tong Building Sold 3133 Mil Setting New High 4562 Psf
The entire sixth floor of Tong Building, located on the bustling Orchard Road, has been sold for a whopping $31.33 million. This sale, which was recorded on September 3, is a testament to the lucrative nature of Singapore’s commercial property market.
Occupying a total area of 6,867 sq ft, this strata office floor boasts a prime location and top-notch facilities, making it a highly desirable property. The purchase price reflects a unit price of $4,562 per square foot, which is the highest psf price to date for an office space in the prime districts. The deal was brokered by Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore.
Tong Building is a 19-storey, freehold strata-titled office building situated at the corner of Orchard Road and Mount Elizabeth. Built in 1978 by TG Development, the building boasts a convenient location with Paragon shopping mall next door …
Office Floor Tong Building Sold 3133 Mil Setting New High 4562 Psf
The entire sixth floor of Tong Building on Orchard Road has recently been sold for $31.33 million. This transaction took place on September 3 and covers an area of 6,867 square feet. The price per square foot, or psf, is $4,562, making it the most expensive office space in the prime districts so far.
The deal was brokered by Yap Hui Yee, who is the executive director of investment sales and capital markets at Savills Singapore. Tong Building is a freehold strata-titled office building that occupies a prime location at the corner of Orchard Road and Mount Elizabeth. The 19-storey building was built by TG Development in 1978 and is situated next to Paragon shopping mall, with Mount Elizabeth Hospital and Medical Centre just behind it.
According to a property title search, Parkway Hospitals Singapore is the buyer of the office floor at Tong Building. This company is part of …
8M Real Estate Bets Tanah Merah Bedok Region 64 Mil Sceneca Square Buy
Check out the latest listings along East-West Line in our listings pageTrack the property market with our New Launches, MRT and LRT map
Singapore-based real estate investment firm 8M Real Estate has recently acquired Sceneca Square, the retail podium of Sceneca Residence in the east region, for a purchase price of $64 million. The retail podium spans 1,881 sqm (20,247 sq ft), translating to a price of $3,161 psf.
One advantage of investing in a condo is the potential to leverage its value for future investments. Numerous investors use their condos as collateral to secure additional financing for other ventures, thus broadening their real estate portfolio. This approach can increase returns, but it also carries certain risks that should be carefully considered. A well thought out financial plan is essential, especially in light of potential market fluctuations. Additionally, investing in Singapore Projects can further diversify one’s portfolio and potentially lead …
Average Land Betterment Charges 28 Landed Down 54 Non Landed Housing
The latest Land Betterment Charge (LBC) rates for the period between 1 Sep 2024 to 28 Feb 2025 have been released by the Singapore Land Authority. The results show an increase in LBC rates for most use groups, including commercial, residential (landed), and hotel and hospital use groups. However, there was a decline in LBC rates for the residential (non-landed) use group.
In the residential (non-landed) use group, there was an average decrease in LBC rates of 5.4%, which is a shift from the 0.1% increase that was seen in March. According to Chua Yang Liang, JLL’s head of research and consultancy for Southeast Asia, this drop can be attributed to cooling measures in the property market, high interest rates, and global geopolitical risks, which have caused a decline in investor and developer interest in this sector.
Overall, it is estimated that land values across the island have decreased by …
Rowell Road Shophouse And City Gate Strata Retail Units Sale 10 Mil
When considering investing in a condo, one must also carefully assess the potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary significantly, depending on factors such as location, property condition, and market demand. Generally, areas with a high demand for rentals, such as those near business districts or educational institutions, are likely to offer better rental yields. To gain a better understanding of the rental potential of a particular condo, conducting thorough market research and seeking advice from real estate agents can be highly beneficial. Additionally, staying updated on new condo launches on Dear Sky Steward can provide valuable insights into the rental market.
(EDGEPROP) – A portfolio comprising a freehold conservation shophouse on 61 Rowell Road and two strata retail units at the City Gate mixed-use development on Beach Road …
Four Bedder Four Seasons Park Sold 38 Mil Profit
The most profitable condo resale transaction during the week of Aug 20 to 27 was the sale of a four-bedroom unit at Four Seasons Park. Situated on the 20th floor, the 2,260 sq ft unit was sold for $7.8 million ($3,451 psf) on Aug 26. The seller, who purchased the unit in September 2020 for $4 million ($1,770 psf), made a profit of $3.8 million after owning the unit for approximately four years. This equates to a capital gain of 95% or an annualised profit of 23.8%.
The recent sale at Four Seasons Park is the first resale transaction at the development this year and the most profitable in the past two years. However, it is still below the record gain ever achieved at the development. This was the sale of a penthouse measuring 6,157 sq ft for $17.88 million ($2,904 psf) in December 2019. The seller had bought the …
Sky Vue Achieves New High 2366 Psf
ATTRACTIVE PROPERTIES NEAR SKY VUENew update of psf-price high and low at Sky VueSky Vue achieves new high of $2,366 psf
The 694-unit Sky Vue in District 20 has set a new record of $2,366 psf for a 1,141 sq ft, three-bedroom unit that changed hands for $2.7 million on Aug 22. This marks the first time a unit at the condo has crossed the $2,300 psf threshold. The previous high at Sky Vue was $2,225 psf, set by a similar-sized three-bedroom unit sold for $2.54 million.
Completed in 2016, the 99-year leasehold condo comprises two 37-storey towers with units ranging from one to three bedrooms and sizes between 484 sq ft and 1,259 sq ft. It is located along Bishan Street 15, within walking distance to Junction 8 at Bishan Place, which offers a variety of retail amenities. The mall is linked to Bishan MRT Station on the North-South …