Extraordinary Properties in Singapore

The ERA Realty Network has recently put up for sale a collection of 14 retail shops situated at three popular shopping destinations – Peninsula Plaza, Sim Lim Square and Far East Plaza. This opportunity is open for bidding through an expression of interest (EOI) exercise, with a total price of $26.46 million.

Two of the units are located at Peninsula Plaza, a mixed-use development with a 999-year leasehold. These adjoining ground-floor shop units have a combined strata area of approximately 990 sq ft and are priced at $8 million, which translates to $8,081 psf.

Peninsula Plaza, a 30-storey commercial building completed in 1980, boasts a six-storey retail podium and a 24-storey office tower. It is conveniently connected to the City Hall MRT Interchange Station, providing easy access to both the North-South and East-West lines.

Sim Lim Square, another well-known shopping destination, has 11 strata units available for sale, with a total strata area of 5,081 sq ft. These commercial units, all located on the fifth floor and zoned for commercial use, have a remaining 99-year lease that started in April 1983. Most of the units are currently tenanted and face the mall’s main atrium, with direct access from the escalators …

GuocoLand has recently announced that it has obtained a green club facility worth $367.1 million from DBS Bank for the development of its Faber Walk site. This residential land parcel was secured through a successful Government Land Sale tender in November last year by GuocoLand and its joint venture partners, TID and Hong Leong Holdings. The top bid of $349.86 million, or $900 psf per plot ratio, was submitted by the partners for the 277,659 sq ft site.

The upcoming development on Faber Walk will consist of 399 residential units spread across nine low-rise blocks. It is situated within the sought-after Faber Walk landed private residential enclave, adjacent to the Faber Hills estate. This waterfront development boasts a prime location next to the Pandan River and the upcoming Old Jurong Line Nature Trail.

The green facility obtained for the Faber Walk project is in line with GuocoLand’s commitment to sustainability and green initiatives. This includes their previous developments such as Guoco Tower on Wallich Street, Guoco Midtown on Beach Road, Midtown Modern on Tan Quee Lan Street and Lentor Mansion in Lentor Gardens.

Furthermore, the Faber Walk development is expected to achieve the prestigious BCA Green Mark Platinum (Super Low …

for projects in Punggol and TampinesThe latest edition of the EdgeProp Singapore Property Market Outlook 2024 features Aurelle of Tampines as one of the hottest properties to look out for in the coming year.

On Mar 8, property developer Sim Lian Group successfully sold 682 out of 760 units (90%) of its executive condominium (EC) project, Aurelle of Tampines. The average price achieved for these units was $1,766 per square foot (psf).

According to Sim Lian Group, all the four- and five-bedroom units were sold, while 84% of the three-bedroom units were also snapped up.

Executive director of Sim Lian Group Limited, Kuik Sing Beng, commented that the high demand for Aurelle of Tampines reflects the appeal of well-designed and conveniently located modern homes in the well-connected regional centre of Singapore.

For the latest updates on available units and prices at Aurelle of Tampines, please refer to the advertisement.

CEO of PropNex, Ismail Gafoor, noted that the average price achieved for Aurelle of Tampines has set a new benchmark for EC launches. He added that the 90% take-up rate was the highest for a new EC project since July 2017 when the 531-unit Hundred Palms Residences was fully sold on …

Aurea, a luxurious residential project in the Core Central Region (CCR), made its highly-anticipated debut on Mar 8. The joint development by Far East Organization and Perennial Holdings has successfully sold 23 units at an average price of $3,005 per square foot (psf) since its launch in 1Q2025.This is one of the first luxury projects to be launched in the CCR this year and marks a significant milestone in the real estate market. A total of 78 units were released for sale in phase one, comprising a mix of two- to four-bedroom apartments from levels 4 to 16. With 23 units sold, the sales rate stands at about 30% based on the units released in phase one.Aurea boasts 188 units across 45 storeys and was designed by DP Architects with a “hanging garden concept”. It stands out as the first new private condominium connected to a mixed-use development that was sold en bloc and conserved, which is now known collectively as Golden Mile Singapore.According to the developers, 83% of the buyers at Aurea are Singaporeans, with permanent residents (PRs) from Malaysia making up the remaining 17%. This translates to a sales rate of about 12.2% based on the total of …

A 3-bedroom unit at One Holland Village Residences has sold for a record-breaking price of $3,781 psf during the period of Feb 16 to 21, making it the highest-priced private condo transaction for the week. This surpasses the previous record set by the developer for a four-bedroom unit, which was sold at $3,426 psf in August 2022. The 99-year leasehold development, which is expected to be completed in November 2029, comprises a mix of one-, two-, three-, four- and five-bedroom apartments. Meanwhile, boutique condo Hill House also saw a new record of $3,402 psf for a two-bedroom unit on the ninth floor. This was just four days after it set a previous record of $3,398 psf on Feb 16. The development, which is also under construction, features one-, two- and three-bedroom apartments. Lastly, Chuan Park recorded a new high of $2,785 psf for a two-bedroom unit on the 20th floor, surpassing its previous record in November last year. The 916-unit condo is expected to be completed in 2028 and features units ranging from two- to five-bedrooms. No new psf-price lows were recorded during the review period.…

A three-story terrace factory located in Midview City is now available for purchase with a guide price of $6.2 million or $688 per square foot. This exclusive opportunity is brought to you by Colliers International, the property’s marketing agent.

Situated in the bustling Sin Ming Industrial Estate, the factory boasts a basement and a rooftop terrace, offering a total strata area of approximately 9,009 square feet. This 60-year leasehold property is zoned as a “Business 1” site under the URA Masterplan 2019.

Colliers International reveals that the property is fully leased and currently approved for use as a childcare center. It is currently tenanted by Star Learner, a reputable preschool and childcare center.

The property is located in a prime location, within walking distance to Bright Hill MRT Station on the Thomson-East Coast Line. It is also easily accessible from the Bishan and Upper Thomson residential areas via two entrances, Sin Ming Lane and Bright Hill Drive.

Director of industrial services at Colliers, Raphael Lee, says that this opportunity is a rare find for investors as the property will be sold with the existing preschool operator in place.

As a Business 1 light-industrial property, it is not subject to Additional …

If you have recently visited a show flat, you may have noticed that the unit sizes seem to have gotten smaller. This is not surprising, as our perception of size is often based on what we are used to.

Compared to the 1990s and 2000s, when HDB flats and condos had larger average sizes, the average size of a new condo has decreased significantly. In 1995, the average size was 1,272 sq ft, while in 2005, it was 1,286 sq ft. By 2015, it had dropped to 858 sq ft, and by 2024, it was just 929 sq ft.

These changes can be attributed to the fact that demographics have shifted over the years. In 1995, the average household size was four, and it gradually decreased to 3.6 in 2005, then 3.4 in 2015, and finally 3.1 in 2024. This means that on a per-household-member basis, the average space available has also reduced.

Over the last 29 years, the average size of condos per capita has decreased by 5.7%. This is impressive, considering Singapore’s limited land resources. In fact, compared to 2015, the average size in 2024 had increased by 19%, which would not have been possible without the help …

Investors are showing more interest in deploying capital into Asia Pacific real estate markets characterized by high levels of liquidity, according to Hamish MacDonald, head and chief investment officer of APAC Real Estate at BlackRock. Accommodation, logistics, and alternative assets are expected to benefit from economic tailwinds this year. “The countries and markets with abundant liquidity in the region this year include Australia, Japan, Singapore, and Auckland in New Zealand, which also represent the focus for BlackRock this year,” says MacDonald. He expects investor sentiment to be more bullish this year compared to 2023 and 2022, with institutional investors initiating more discussions about deploying and recycling capital in selected Asia Pacific real estate markets.

In Singapore, BlackRock has made acquisitions in the serviced apartment sector, partnering with YTL Corp to purchase Citadines Raffles Place for approximately $290 million in October last year. This was followed by a joint venture with Hong Kong-based accommodation operator Weave Living to acquire Citadines Mount Sophia for $148 million in February 2024. The Weave Living-operated property reopened this week as the 175-room Weave Suites – Hillside. “Our recent acquisitions in Singapore reflect our belief that there is a lack of new serviced apartment supply in …

The Ministry of National Development (MND) has made several enhancements to the Silver Housing Bonus (SHB) and Fresh Start Housing Scheme (Fresh Start) in order to support senior citizens who are in need of better housing and retirement preparation.

The Silver Housing Bonus (SHB) and Fresh Start Housing Scheme (Fresh Start) have been enhanced by the Ministry of National Development (MND) during the recent Committee of Supply debate. These improvements aim to assist senior citizens in right-sizing and provide better access to public housing for lower-income households living in HDB rental flats.

The SHB encourages senior citizens to prepare for their retirement by reallocating the value locked in their residential assets into their CPF Retirement Account (RA). Currently, to be eligible for the SHB, applicants must be at least 55 years old, have a monthly income not exceeding $14,000, own a property with an Annual Value (AV) of not more than $21,000, and right-size to a three-room HDB flat or smaller (excluding three-room terrace).

Previously, under the SHB framework, applicants were required to top-up their CPF RA with up to $60,000 to receive a bonus of up to $30,000 in cash. This amount was pro-rated at a $1 cash bonus …