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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 …

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 …

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 …

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 …

In August 2021, the luxury condo Klimt Cairnhill was previewed and officially launched in January 2022. Since then, only 14 out of the 138 units in the freehold condo are available for sale, all of which are three-bedroom apartments.

The developer of Klimt Cairnhill, Singapore-listed property group Low Keng Huat, is offering a “one-price promotion” for five of the 14 units. These are 1,432 sq ft units spanning from the 19th to 23rd floors of the 36-storey tower. The “one-price promotion” offers a flat price of $5.138 million or $3,588 psf for each unit across all five floors. There is also one remaining 1,432 sq ft unit on the 10th floor, priced at $4.92 million or $3,435 psf. According to Alvin Teo, executive director of Low Keng Huat, these units should appeal to price-sensitive homebuyers.

Out of the 51 three-bedroom apartments at Klimt Cairnhill, only 37 units have been sold …

SRI will be hosting an auction on Sept 25 for a three-bedroom duplex penthouse located at the prestigious freehold development, Nassim Jade. Spanning 3,003 sq ft, this fourth-floor unit boasts a guide price of $8.8 million, equivalent to $2,930 per square foot.

The lower level of the duplex unit features a spacious double-height living and dining area, a family room, kitchen, master bedroom, and an en suite bedroom. On the upper level, you will find one more bedroom, two common areas, a roof deck, and a study. Completed in 1997, Nassim Jade is a luxurious residential project situated in District 10, a highly sought-after location.

This will be the second time the property will be auctioned, as it was previously featured in SRI’s auction on Aug 28. However, the property did not receive much attention due to being during the seventh lunar month, considered an inauspicious time for making significant …

JUL 4, 2023

After a long period of 14 years without any new project launch, the serene and lush private residential area of Pine Grove finally welcomed the arrival of Pinetree Hill in July 2023. Developed by a joint venture between UOL Group (UOL) and Singapore Land Group (SingLand), this luxury condominium has elevated the capital values of the surrounding District 21 neighborhood.

Spread across three high-rise residential towers, Pinetree Hill boasts a total of 520 units. Offering a diverse range of unit types, from a 538 sq ft one-bedroom-plus-study to a 2,874 sq ft five-bedroom penthouse, the project caters to a variety of lifestyles. Since its launch last year, Phase 1 of the project has seen a take-up rate of 63% for the 400 units released, at an average price of $2,430 per square foot (psf). With construction in progress, the on-site sales gallery has been closed and a …