Author: extraordinary

Unlocking Investment Potential The Benefits of Buying a Condo in Up-and-Coming Areas with Government Infrastructure Investment and Rental Opportunities

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Although an older condo may seem appealing due to its larger size and potentially lower cost, a newly designed condo offers a better overall package. With lower maintenance requirements, higher rental appeal, and better amenities, it has the potential for greater future value. Naturally, this makes it a more desirable option for condo rental. Additionally, its location is likely to be more central, adding another advantage to the new design.

Rising Cost of Homeownership

Moreover, with the rising cost of homeownership, more and more people are opting to rent instead of buying a property. This trend has resulted in a shortage of rental properties in many areas, making it a landlord’s market. For condo owners in up-and-coming areas, this presents a great opportunity to capitalize on this demand and generate a reliable and steady stream of rental income.

Investment in Real Estate is Sound

Real estate has always been considered a sound investment option, with the potential for long-term gains and financial stability. However, with the ever-changing market and unpredictable economic conditions, it can be challenging to determine the best place to invest your hard-earned money. One strategy that is gaining popularity among investors is buying a condo in …

Guocoland Sells 92 Units Springleaf Residence Average Price 2175 Psf

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Over 2,000 attend preview of Springleaf Residences Showflat

The first two days of launch saw 870 out of 941 units at Springleaf Residence sold by joint developers GuocoLand and Hong Leong. With an average price of $2,175 psf, units were snapped up quickly, including almost all of the two-bedroom units, 95% of the three-bedroom units, and 138 out of the 138 four-bedroom types. A strong demand was seen for the five-bedroom units as well, with 45% of the 71 units sold.

According to GuocoLand, this high demand reflects the market’s confidence in the growth potential of the Springleaf area. The area is in line with URA’s vision of creating a vibrant neighborhood that combines urban living with natural spaces. Dora Chng, residential director at GuocoLand, believes that this marks the beginning of the transformation of Springleaf into one of Singapore’s most desirable private residential enclaves. She also credits the success to their previous project at Lentor Hills estate.

The demand for condos in Singapore is undeniably high, mainly due to the limited land available on the island. With a rapidly increasing population and limited space for development, the country has strict land use policies in place, resulting in a highly …

Unbeatable Investment Potential The Allure of Hougang Central ResidencesCondo’s Integrated Development and Direct MRT Access

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Once Hougang Central is fully developed, residents can expect even more food and retail options conveniently located within the commercial podium. Taking inspiration from other successful integrated developments, this retail area will likely feature cafes, bakeries, restaurants, minimarts, and lifestyle stores. With the added convenience of being able to grab a cup of coffee, shop for groceries, or dine out without leaving the development, the urban comfort level of Hougang Central will be elevated. This “live-work-play” environment is especially ideal for modern families who prioritize efficiency and a well-rounded lifestyle.

The integrated development also boasts a wide range of luxurious facilities, including a 50-meter lap pool, a tennis court, a state-of-the-art gym, and a sky garden, providing residents with the ultimate urban resort living experience. With the busy lifestyles of today, having all these facilities within one’s home is a luxury that many are willing to pay for.

In terms of investment potential, Hougang Central ResidencesCondo offers a strong proposition. The demand and popularity of integrated developments with direct MRT access have been evident, as they often command higher prices and rental yields. Living above a major transport hub provides a highly convenient and efficient lifestyle, appealing to both buyers …

Skye at Holland Condo The Ultimate Investment for Expatriate Families and Long-Term Renters Seeking Quality Education Near Schools

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With the Skye at Holland Condo strategically located in the Master Plan area, it is expected to benefit from the increasing number of businesses and residents being attracted to nearby hubs such as one-north and the Jurong Lake District. As a result, there is a projected growth in rental demand in the area. This prime location guarantees Skye at Holland Condo to have strong and sustainable rental yields for its residents.

The demand for quality education has always been a top priority for families, especially those who are living or planning to relocate to a new country. In Singapore, a country known for its excellent education system, this is no different. With many expatriates and long-term renters seeking a place to call home, the Skye at Holland Condo is emerging as the ultimate investment for families looking for quality education near schools.

The facilities at Skye at Holland Condo are also tailored to meet the needs of families and children. The development boasts of a children’s playground, a swimming pool, and a BBQ pit, providing plenty of opportunities for families to bond and enjoy quality time together. Additionally, the condo has 24-hour security, ensuring the safety and well-being of its …

Discover the Perfect Family Home in Penrith Where Education and Convenience Meet in Queenstown Estate

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Moreover, the URA Master Plan for Penrith places a strong emphasis on community involvement and the development of public areas, which will greatly enhance the community spirit in Queenstown. The proposed addition of more community centers, open spaces, and gathering spots will provide residents with ample opportunities to connect, partake in leisurely activities, and cultivate relationships with their fellow community members. This sense of belonging and camaraderie will further elevate the appeal of Penrith as a place to reside, offering not just modern amenities but also a thriving social fabric.

Situated within the established Queenstown estate, Penrith’s location not only offers convenience and connectivity, but also provides easy access to some of Singapore’s highly regarded schools and educational institutions. This makes it a desirable option for families with children attending school, as well as those with future education plans. The convenience of commuting, combined with the presence of top-notch education providers, further enhances Penrith’s draw as a permanent residence for individuals who value education as a central aspect of their lifestyle.
Situated in the established Queenstown neighbourhood, the Margaret Drive premises was officially introduced in May as part of the Confirmed List for the 1H2024 Government Land Sales programme. Conveniently …

Freehold Cluster Landed Development Casa Fidelio Collective Sale 24 Mil

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Casa Fidelio, a landed development located on Fidelio Street in District 15, will be launching for collective sale on March 20. According to the marketing agent for the site, PropNex Realty, the development has a reserve price of $24 million, which translates to a land rate of $1,388 psf. The owners of Casa Fidelio are attempting an en bloc sale for the first time.

The strata-titled development, completed in 1990, comprises of seven cluster terraces and sits on a land area of approximately 17,293 sq ft, which is zoned for residential use. The land is also designated for two-storey mixed-landed housing.

Situated in a landed housing enclave, the development is in close proximity to various amenities such as East Coast Park, dining and lifestyle options at the Katong and Joo Chiat precincts, and malls like Siglap Village, Siglap Centre and Bedok Mall.

More amenities are expected upon the completion of Kembangan Wave, an integrated public housing project next to Kembangan MRT Station. It includes a community club with an eating house, supermarket and healthcare facilities.

Casa Fidelio is also surrounded by reputable schools such as Opera Estate Primary School, St Stephen’s School and Victoria School.

According to Laurence Wong, PropNex’s …

First Gls Site Bayshore Draws Eight Bids Singhaiyi Puts Top Bid 1388 Psf Ppr

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7 bids for Pasir Ris GLS reserve list site with $1,300 psf ppr top bid

Eight bids have been received for the first private housing Government Land Sale (GLS) site in the upcoming Bayshore precinct, which closed on March 18. The 99-year leasehold site, located on Bayshore Road next to the Bayshore MRT Station, spans 112,992 sq ft and can yield approximately 515 units.

The top bid of $658.89 million, translating to a land rate of $1,388 psf per plot ratio (ppr), was submitted by SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings. This bid was only 0.82% higher than the second-highest bid of $653.53 million ($1,377 psf ppr) from Sing Holdings. City Developments placed third with a bid of $620.8 million ($1,308 psf ppr), which was 5.3% below Sing Holdings’ bid.

Justin Quek, CEO of OrangeTee & Tie, comments that the highest bid prices exceeded initial expectations, which may indicate strong confidence in the potential of this site. Mark Yip, CEO of Huttons Asia, notes that the number of bids received is the highest for a private housing GLS site since January 2022, when a Jalan Tembusu plot (now the site of Tembusu Grand) also drew eight …

February Developers%E2%80%99 Sales Surge 13 Year High 1575 Units Sold

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February saw a continuation of the strong performance in new home sales, driven by the launch of exciting new developments. According to data released by URA on March 17, developers sold 1,575 units (excluding executive condos) in February, marking a 45.4% increase from January’s figure of 1,083 units.

Compared to the same period last year, new home sales in February were over 10 times higher than the 153 units sold in February 2024. This also marks the highest February developer sales in 13 years, since 2,417 units were sold in February 2012. Tricia Song, CBRE’s head of research for Singapore and Southeast Asia, notes that this includes the sale of 1,604 units including executive condos, indicating a 45.3% increase from January’s figures.

Developers have already sold 2,658 units (excluding executive condos) since the start of the year, outperforming the same timeframe last year when it took eight months to reach a similar figure. This is according to observations made by Leonard Tay, head of research at Knight Frank Singapore.

The strong sales in February were largely attributed to the launch of two major projects in the Outside Central Region (OCR): The 1,193-unit ParkTown Residence in Tampines North and the 501-unit …

Sla Launches Tender Heritage Bungalows Sembawang

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The Singapore Land Authority (SLA) is offering a collection of twenty heritage bungalows in Sembawang for tender. These bungalows, built in the 1920s and 1930s, are spread along Admiralty Road East, Falkland Road, Auckland Road West and Fiji Road. With an area of about 245,300 sq ft, the properties have a total estimated gross floor area of 94,945 sq ft.

The bungalows are available for a five-year lease with an option to extend for another four years. They have been designated for serviced apartment use, including multi-generational and senior co-living concepts. Other permitted uses include F&B and retail, with a maximum gross floor area of 9,580 sq ft. A minimum stay of one week is required for serviced apartments.

The SLA will evaluate tender bids based on a price-quality basis. The tender will close on June 11 at 11am and the site is expected to be awarded in October. The SLA is open to various creative concepts that will showcase the unique charm and character of these heritage bungalows.

This tender is part of the SLA’s efforts to re-imagine state properties for different uses, such as co-living, pop-up events and social impact hubs. By leveraging on these properties, the SLA …

Capitaland Integrated Commercial Trust Appoints New Ceo May 1

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CapitaLand Integrated Commercial Trust (CICT) has announced changes to its board of directors, with Tan Choon Siang taking on the role of CEO and current CEO Tony Tan becoming the chief corporate officer of CapitaLand Development. These changes were revealed in a bourse filing on March 17.Tan Choon Siang, the current deputy CEO of the company, will assume the position of CEO and executive non-independent director on May 1, 2025. He will also become a member of the company’s executive committee (EC). Meanwhile, current CEO Tony Tan will relinquish his executive non-independent director role and EC membership, as he takes on the role of chief corporate officer at CapitaLand Development. Tan has been serving as CEO and executive director of CICT since 2017.…