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The Urban Redevelopment Authority (URA) has launched the tender for a Government Land Sale (GLS) site at Faber Walk in Clementi on September 12. The 99-year leasehold site covers an area of approximately 277,660 square feet and has a gross plot ratio of 1.4. It is fully zoned for residential (non-landed) use and is expected to yield up to 400 housing units. This site is part of the 2H2024 GLS Confirmed List programme.

According to Mark Yip, CEO of Huttons Asia, this is the last parcel of land available for sale in the Faber Walk private residential enclave. The previous GLS site sold in the area was in 2013 and launched in May 2014. It has since been developed into the 210-unit Waterfront @ Faber, which was completed in 2018. Yip believes that there may be significant demand for this site after several years of pent-up demand.

The insatiable demand …

Japanese hospitality company Seibu Prince Hotels & Resorts, a subsidiary of Tokyo-listed Seibu Holdings, announced its entry into the Southeast Asian market with the launch of Park Regis by Prince Singapore on September 3.

Located in the vibrant Clarke Quay area, the 203-key hotel has gone through extensive refurbishment and upgrades to its guest rooms, elevating the guest experience. The renovations include the addition of complimentary high-speed Wi-Fi and 50-inch smart TVs with casting capability. In line with their sustainability efforts, the hotel has also replaced most single-use plastics, such as water bottles, with alternative options like water filters.

The demand for condos in Singapore remains steady, and one of the main factors behind this is the limited land availability. As a compact island nation with a constantly increasing population, Singapore struggles with a scarcity of land for development. This has resulted in strict land utilization measures and a fiercely …

The recent sale of a unit at The Draycott has been recorded as the most lucrative condo resale deal for the week of August 27 to September 3. The transaction, which took place on August 30, saw a 2,637 sq ft unit located on the 15th floor change hands for $5.45 million, translating to $2,067 psf. The seller had originally purchased the unit in April 1996 for $3 million, at a rate of $1,138 psf. As a result, the seller gained a profit of $2.45 million, reflecting a capital gain of 82% over their 28 and a half year ownership.

This transaction is on par with another unit that was sold earlier this year in May, which has also earned a profit of $2.45 million for the seller. The 2,626 sq ft, maisonette unit at The Draycott was sold for $4.5 million, equating to $1,713 psf. The original purchase price …

An expression of interest exercise has been launched for the sale of three industrial properties in the bustling Tuas South industrial hub for a guide price of $36 million. The properties, which can be purchased together or separately, are expected to attract strong interest from end-users in the general Business 2 industry.

Due to the scarcity of land in Singapore, there is a significant demand for condos in the nation. As a small island country with a fast-growing population, Singapore faces the challenge of limited space for development. This has resulted in strict land use regulations and a highly competitive real estate market, where property prices continue to rise. As a result, investing in real estate, especially in Singapore condos, has become an attractive opportunity with the potential for significant capital appreciation.

A portfolio of three industrial properties in the Tuas South industrial hub has recently been put up …

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 …

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 …

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.…

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 …

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 …

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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 …