Author: 7x7showflat

City Developments Ltd (CDL), a leading Singapore-based property developer, is getting ready to showcase their latest project, Norwood Grand, which will consist of 348 residential units. The official preview of this private condominium will take place on October 4, while the official launch is set to take place on October 19.

Located on a 99-year leasehold, Norwood Grand is spread across four 11-storey blocks and covers a site area of 155,351 square feet. The units will range from one-bedroom-plus-study to four-bedroom premium-plus-study, with sizes ranging from 495 square feet to 1,335 square feet. Prices for these units start from $988,000 ($1,996 per square foot) for a one-bedroom, $1,238,000 ($1,984 psf) for a two-bedroom, $1,698,000 ($1,923 psf) for a three-bedroom, and $2,238,000 ($1,908 psf) for a four-bedroom plus study.

Norwood Grand is located on Champions Way, which is off Woodlands Avenue 1. The site was acquired by CDL in September 2023 …

The market for condominiums in Singapore continues to thrive, and a key factor behind this trend is the limited supply of land for construction. Due to its small size and rapidly growing population, Singapore faces significant land scarcity, leading to strict land use regulations and a fiercely competitive real estate market. As a result, property prices are driven up, making real estate investment, particularly in condos, a lucrative opportunity with the potential for significant returns. As such, Singapore Condo remains a highly sought-after choice for investors in the market.

CapitaLand Ascott Trust (CLAS) has recently announced its agreement with Ascott Serviced Residence Global Fund (ASRGF) to acquire lyf Funan Singapore for a property value of $263 million. ASRGF holds Victory SR, which has 100% ownership of lyf Funan Singapore. CLAS’s sponsor, The Ascott Limited, holds a 50% stake in ASRGF.

In a press release on October 1, CLAS stated that …

Mapletree Industrial Trust (MINT) has announced its plans to acquire a multi-storey mixed-use facility located in Tokyo, Japan for JPY14.5 billion ($129.8 million).

The acquisition will be made under a conditional trust beneficiary interest purchase and share agreement between MINT and Nagayama Tokutei Mokuteki Kaisha, an unrelated third-party vendor. MINT will hold an effective economic interest of 98.47% in the property, with an acquisition cost of JPY14.9 billion. The remaining cost will be funded by MINT’s sponsor, Mapletree Investments.

The building, which was constructed in October 1992, sits on freehold land spanning approximately 91,200 square feet. It has a gross floor area of around 319,300 square feet.

Choosing the right location is paramount when it comes to real estate investing, and this holds particularly true in Singapore. Condos located in central areas or close to crucial amenities, such as schools, shopping centers, and public transportation hubs, tend to see a …

HDB resale flat prices continue to rise for the 18th consecutive quarter in 3Q2024, according to flash estimates released by HDB on October 1. The prices increased by 2.5% q-o-q, surpassing the 2.3% q-o-q growth seen in the previous quarter.

When contemplating a condominium investment, it is crucial to evaluate the potential rental yield as well. Rental yield refers to the yearly rental income as a percentage of the property’s buying price. In Singapore Projects, the rental yields for condos can significantly vary depending on factors such as location, property condition, and market demand. Regions with high rental demand, like those near commercial hubs or educational institutions, usually offer more favorable rental yields. Thorough market research and seeking advice from real estate agents can provide valuable insights into a specific condo’s rental potential.

This marks the highest quarterly growth rate since 3Q2022, when HDB resale prices rose by 2.6% …

Please revise the attached article based on a report by Knight Frank, which states that prime office rents in the Raffles Place and Marina Bay precinct have risen by 0.6% q-o-q in the third quarter of 2024, reaching an average of $11.35 psf per month. This represents a slightly slower growth compared to the previous quarter’s 0.7%. However, the year-to-date increase of 2% is lower than the 3.4% recorded during the same period last year.

The moderate rise in rents can be attributed to the absence of expansion plans from major occupiers like tech companies. This could be due to the slowdown in the tech sector and the uncertain economic climate. Calvin Yeo, Knight Frank Singapore’s managing director of occupier strategy and solutions, notes that these companies are choosing to delay expansion plans.

Instead, many tech firms have opted to downsize their office space. For instance, Facebook’s parent company, Meta, …

Keppel, one of Singapore’s leading companies, has secured a significant contract for its infrastructure division. The contract, awarded by the Housing & Development Board (HDB), is for the supply of chilled water and spans a period of 20 years. Under the terms of the contract, Keppel will be responsible for the design, construction, ownership, and operation of centralised cooling systems (CCS) at three upcoming build-to-order (BTO) projects in Tengah.

The three BTO projects are Brickland Weave, Plantation Edge I & II, and Plantation Verge, which together will serve approximately 3,500 households. Keppel will be working closely with HDB to ensure the timely delivery of the CCS to each home. The CCS system operates by supplying chilled water from centralised chillers, located on the rooftops of selected HDB blocks, to cool the flats. Keppel has stated that it will incorporate innovative engineering and design features, as well as use industrial grade …

When contemplating investing in a condominium, it is crucial to thoroughly evaluate its potential for rental yield. This refers to the annual income generated by renting out the property, expressed as a percentage of its purchase price. In Singapore, rental yields for condos vary greatly depending on various factors such as location, property condition, and market demand. Typically, areas with a high demand for rental properties, like those near business districts or educational institutions, tend to have better rental yields. To accurately assess the rental potential of a specific condominium, it is advisable to conduct market research and seek guidance from trusted real estate agents. An additional valuable resource to consider is Singapore Projects, which provides valuable insights into the rental potential of a particular condo. By taking into account all of these aspects, investors can make well-informed decisions about their potential investment in a condominium. For more information, visit …

The lower level unit of a two-storey shophouse located at 24 Greenwood Avenue in District 11 is up for sale with a price tag of $8.8 million. The strata unit, which is approved for use as a restaurant, boasts a generous floor area of 1,539 square feet. With a total strata area, the asking price translates to $5,718 per square foot. Wilkie Tay and Richard Tan, directors at PropNex Shophouse Elites (PSE), are the exclusive marketing agents for this freehold property.

According to a press release by PSE, the restaurant unit also has access to a 100 square foot outdoor dining area. The upper level of this two-storey shophouse is zoned for residential use and is equipped with a separate staircase entrance. Recent commercial transactions in the area have been promising, making this property an attractive investment opportunity. (Source: EP Buddy, URA)

Richard Tan, founder of PSE, mentions that the …

Investing in a condominium in Singapore is increasingly gaining traction among both local and foreign investors, thanks to the country’s strong economy, stable political climate, and exceptional quality of life. With a real estate market that presents a plethora of possibilities, condominiums stand out as an attractive option due to their convenient location, range of amenities, and potential for high returns. In this article, we will delve into the advantages and factors to consider before investing in a condominium in Singapore. Additionally, we will provide a guide on the necessary steps to take to make a sound investment decision. For more information on the latest condo launches, click here: New Condo Launches.

Gallop Green, a freehold condo situated in Prime District 10, has emerged as the top performer among apartments and condos with a new psf-price high between Sept 8 to Sept 13. The new record was achieved when …

Watch retailer The Hour Glass has exercised its purchase options to acquire units in Tong Building for a total of $68.5 million. The units being acquired are located on the ninth and tenth floors of the building, and the deal was brokered by Savills Singapore’s executive director of investment sales and capital markets, Yap Hui Yee.

According to Yap, the freehold status of the office floors provides long-term value and makes it an attractive investment for wealth preservation. This deal adds to Yap’s success in facilitating the sale of Tong Building’s entire sixth floor to Parkway Hospitals Singapore for $31.33 million, which is the highest price per square foot for office space in the prime districts.

The office floors in Tong Building have a strata area of 638 square meters each and are classified as premium-grade properties. They are situated near The Hour Glass’ corporate offices within the building. This …