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The record for the most profitable condominium resale transaction in the week of Feb 7 to Feb 14 was set by Mandarin Gardens, with a 3,800 sq ft unit fetching $4.88 million, or $1,284 psf. This is a significant increase from when it last changed hands in 2003 for $1.05 million, or $276 psf, resulting in a profit of $3.83 million, or 364.8% of the original purchase price. This represents an annualised capital gain of 7.4% over 21½ years.There are a total of 18 four-bedroom units at Mandarin Gardens, with the last one being sold in 2023 for $4.26 million, or $1,122 psf. The project has seen a peak in prices in 2024 at $1,316 psf before dipping slightly to $1,310 psf as of Feb 25.Mandarin Gardens is a 99-year leasehold development with about 56 years remaining, located along Siglap Road in District 15. It comprises 1,006 units across 17 blocks from nine to 23 storeys. Units are a mix of one- to two-bedroom apartments from 732 sq ft to 1,001 sq ft, and three- to four-bedroom units from 1,528 sq ft to 3,800 sq ft. It also contains 11 strata commercial units.The second most profitable resale transaction in the …

During the period from February 7 to 16, the private condo market saw a new record being set with the sale of a two-bedroom unit at Hill House. The 999-year leasehold development located at the top of Institution Hill achieved a new psf-price high of $3,398 when the 452 sq ft unit on the eighth floor was sold by the developer for $1.54 million on February 16.

This transaction marginally surpassed the previous peak of $3,378 psf set on February 11 when another 452 sq ft, two-bedroom unit on the eighth floor was sold for $1.53 million. Hill House, a 72-unit development launched in 2022, comprises mostly one-bedroom units of 431 sq ft. It also includes 24 two-bedroom units ranging from 452 sq ft to 624 sq ft and 8 three-bedroom units spanning 753 sq ft.

For more information on the latest New Launches, interested buyers can search for transaction prices and available units.

According to URA caveats, since its launch in November 2022, 37 units (51.4%) at Hill House have been sold at an average price of $3,152 psf. However, the development is currently still under construction and is expected to be completed in the third quarter of 2026. …

After the successful development of quality commercial and industrial spaces in Singapore, Chiu Teng Group has now launched their latest project – CT Pemimpin. This freehold development is sure to excite property investors and business owners who are on the lookout for a rare gem in the land-scarce city.

Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory building consisting of 56 strata-titled units and three canteen units. The units on levels one and five also have mezzanine floors with floor heights ranging from 5.6m to 7.35m.

One of the highlights of CT Pemimpin is its freehold status, which is a rarity in today’s market where most industrial developments come with a limited 30-year or 60-year lease. This makes it an exceptional find for investors and foreigners, who are eligible to purchase without being subjected to the Additional Buyer’s Stamp Duty (ABSD) by the government.

Kelvin Fong, the Deputy CEO of PropNex Realty, says, “Being a freehold development in such a central location, it is a great investment asset for both investors and end-users.”

CT Pemimpin also boasts a generous one-to-one carpark ratio with 59 carpark lots, including two electrical vehicle lots, …

BRANDINSIDERWed, Feb 26, 2020

The next ERA auction on February 27 will feature a pair of retail units on the third floor of Sim Lim Square with a combined guide price of $3.38 million.

One of the units, approximately 958 sq ft, is listed at $2.08 million ($2,171 psf), while the smaller unit, roughly 570 sq ft, has a guide price of $1.28 million ($2,246 psf). This will mark the first time both units have appeared on ERA’s auction listings, as they are being sold by the owner.

The units can be bought together or separately, and according to Alison Lee, assistant vice president of auction and sales at ERA, they are competitively priced, slightly below the market average. This is intended to encourage a quick sale.

Sim Lim Square has a reputation as a tech hub and is known for its wide range of electronics and computer retailers. It also houses various other businesses such as eateries and shops selling traditional Chinese medicine.

The two units up for auction are currently tenanted, generating a monthly rental income of about $4.50 psf. Based on a rolling 12-month average, retail units at Sim Lim Square yield between $4.20 and $7.30 psf …

https://www.edgeprop.sg/property-news/retiree-doubles-his-money-8-years-units-sold-avg-110-gain?utm_source=Facebook&utm_medium=social&utm_campaign=EchoHypeSgpSep2021&utm_content=edgenowTo anyone planning to buy properties, it’s always a great idea to do your own research and consult property agents to get the best possible price. That being said, the property market is a constantly changing landscape that requires a lot of attention and careful planning. Mr Chong, a retiree, has been supporting his sons when they were purchasing their own homes. His eldest son bought a private condo, while his two younger sons bought executive condominiums (ECs). According to Mr Chong, buying an EC at a new launch is a no-brainer. Even if you buy it after the five-year minimum occupation period (MOP), you are still getting a good deal.

Mr Chong has experienced both situations. His second son bought a three-bedroom unit at Hundred Palms Residences, which is a 531-unit project that launched in July 2017. His son originally wanted to buy a four-bedroom unit, but they were quickly snapped up. However, even after missing out on the bigger unit, Mr Chong’s son saw a significant price appreciation when he sold it in 2019. Based on caveats lodged in January and February 2025, the average selling price for units in Hundred Palms Residences was $1,769 psf, which translates …

According to data from C9 Hotelworks, a hospitality consultancy based in Asia, the market value of branded residential projects in Asia has reached a new high of US$26.6 billion ($35.5 billion). This can be attributed to the availability of over 68,000 luxury units in the region.

Leading this trend is Vietnam, with 17,680 branded residential units across 59 properties. The average price of a branded residential unit in Vietnam is about US$350 psf. Thailand follows closely with 16,271 units across 65 properties, most of which are priced at US$510 psf. The Philippines is next on the list with 13,276 units across 46 properties, priced at approximately US$400 psf.

However, Singapore takes the top spot for the highest prices in the region, with branded residences commanding US$2,140 psf. Japan follows behind with prices around US$1,935 psf.

Furthermore, C9 Hotelworks’ data shows that South Korea has seen a rapid growth in branded residences in recent years, with 3,026 units across 16 properties. Malaysia also shows promising numbers, with 6,014 branded residential units across 24 projects.

In the post-Covid-19 era, urban-locale branded residences take up 56% of the existing supply in Asia. These luxury urban projects are also dominating the sector in terms …

Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have recently signed an MOU for the first Johor-Singapore Special Economic Zone (JS-SEZ) between private companies from both countries. The goal of the partnership is to jointly develop UEM Sunrise’s selected freehold land in Iskandar Puteri, Johor, in order to accelerate growth within the JS-SEZ. The MOU signing took place on February 27 at the opening of UEM Sunrise Gallery Iskandar Puteri, which showcases the company’s vision for the area.

Iskandar Puteri, which is part of Flagship Zone B of the JS-SEZ, specializes in a variety of sectors including manufacturing, business services, education, health, and tourism. By collaborating, the two companies hope to activate Iskandar Puteri’s potential and make it more attractive for investment. The focus will be on improving connectivity, fostering talent development, and creating a business-friendly ecosystem to drive sustainable economic benefits in Johor.

According to Hafizuddin Sulaiman, CFO of UEM Sunrise, this partnership is not just about development, but also about creating a thriving economic hub that will support long-term growth, job creation, and strengthen the JS-SEZ ecosystem. The selected plots of land covered by the MOU are located in Gerband Nusajaya and Puteri Harbour, two key master-planned areas …

A number of noteworthy resale transactions were completed between January 28 and February 4, despite coinciding with the Chinese New Year festivities for this year. The most profitable deal during this period was for a 3,983 sq ft unit at Palisades condominium, which sold for $4 million ($1,004 psf) on February 4.

The second-floor unit had been purchased for $1.7 million ($427 psf) in August 2009, resulting in a profit of $2.3 million (135%). This equates to an annualized gain of 5.7% over 15.5 years, making it the most profitable resale at Palisades to date. The previous record was set three years ago in 2022, when a 3,294 sq ft unit on the eighth floor was sold for $3.4 million ($1,032 psf). It had been bought for $1.53 million ($465 psf) in 1996, earning the seller a profit of $1.87 million (122%), or an annualized gain of 3.1% over 25 years.

Over the past three years, there have only been five resale transactions at Palisades, all of which have been profitable, ranging from $650,000 to the latest record profit of $2.3 million.

Palisades is a freehold condo on Pasir Panjang Road in District 5, completed in 1985. It is the …

Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have recently inked an MOU to jointly develop UEM Sunrise’s freehold landbank in Iskandar Puteri, Johor. The MOU signing, which took place on Feb 27, marks a significant milestone as the first Johor-Singapore Special Economic Zone (JS-SEZ) MOU between private companies from Malaysia and Singapore.

In the agreement, the two groups will work together to drive growth within the JS-SEZ by developing UEM Sunrise’s selected plots of land in Iskandar Puteri. This collaboration was announced during the launch of UEM Sunrise Gallery Iskandar Puteri, a showcase of UEM Sunrise’s vision for the area.

Iskandar Puteri, which is part of Flagship Zone B of the JS-SEZ, is known for its diverse sectors including manufacturing, business services, education, health, and tourism. The MOU is expected to cover UEM Sunrise’s land in Gerband Nusajaya and Puteri Harbour, two key master-planned areas within Iskandar Puteri.

The goal of this partnership is to activate Iskandar Puteri’s potential and make it more attractive for investment. The focus will be on improving connectivity, fostering talent development, and creating a business-friendly environment to drive sustainable economic benefits in Johor.

According to Hafizuddin Sulaiman, CFO of UEM Sunrise, this collaboration is …

Following the success of their joint venture projects, Frasers Property has once again teamed up with two Chinese real estate groups to acquire a residential site in Shanghai, China. The site was obtained through a RMB815.2 million ($151.9 million) tender from the Shanghai Municipal Bureau of Planning and Natural Resources. This partnership involves state-owned enterprises, Xiamen ITG Real Estate Group, a subsidiary of ITG Holding Group, and Shanghai-listed Gemdale Corporation.

The joint venture plans to develop the site into a mixed-use project with 189 low-rise apartments, townhouses, and duplex units, spanning a total gross floor area of 334,714 sq ft. The development will also feature design for flood mitigation and energy-efficient building components such as thermal insulation, energy-saving doors and windows, and solar photovoltaics.

Targeting both upgraders and first-time homebuyers, the project will be situated in Fangsong Community, Songjiang District, a prime residential neighbourhood near two existing joint venture projects between Frasers Property and Gemdale Corporation — Club Tree and Palace of Yunjian.

“We are excited to expand our presence in Shanghai and deliver high-quality residential developments that cater to the evolving needs of the Chinese community,” says Lim Hua Tiong, CEO of emerging markets in Asia at Frasers Property.…