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Located in prime District 10, the sale of a three-bedroom unit at Botanic Gardens View for $4.13 million was the most profitable condo resale transaction of the week between Sept 3 to Sept 10. The 1,755 sq ft unit on the sixth floor was purchased for approximately $862,000 in July 1998 and sold for a gain of $3.27 million, representing a capital gain of 379%. This deal marks the highest profit ever recorded at Botanic Gardens View, surpassing the previous top gain of $3.14 million from the sale of a 1,615 sq ft unit in August 2019. The seller previously acquired the unit in September 2001 at about $930,000, making this an impressive return after owning the unit for approximately 26 years.Botanic Gardens View is a freehold condo located at Taman Serasi, just off Cluny Road in prime District 10. Built in 1970, the development comprises 144 residences spread across …

Most expensive HDB in Bishan sold for $1.568M, 4th highest in Singapore

Singapore’s record-breaking HDB flat transaction

Earlier this month, a four-room HDB flat at 590B Ang Mo Kio Street 51 made headlines when it was sold for an eye-watering $1.08 million, setting a new record for the highest transacted price for a four-room flat in the Ang Mo Kio Planning Area. Located on the 28th to 30th storey, the 1,001-sq ft flat was completed in 2019 and boasts a prime location and amenities.

Using our analytics tool, “Is it a Good Deal?”, we take a closer look at whether the buyer of this HDB flat managed to secure a good deal.

Well-connected and convenient location

Residents of 590B Ang Mo Kio Street 51 enjoy the convenience of having Ang Mo Kio MRT Station within walking distance. Other amenities such as Jing Shan Primary School, Anderson Secondary School, AMK Hub, …

for $829 mil

Investing in a Condo in Singapore: A Wise Choice for Local and Foreign Investors
Singapore has proven to be a top destination for real estate investment, with its strong economy, stable political climate, and exceptional quality of life. In this thriving city-state, the condominium market is particularly enticing, offering a multitude of benefits such as convenience, luxurious amenities, and promising returns. In this article, we will delve into the advantages, factors to consider, and necessary steps for investing in a Condo in Singapore.

Singapore-based real estate investment firm, CapitaLand Investment, is currently in advanced discussions to obtain a minority stake in the French luxury resort chain, Club Med, from its Chinese owner, Fosun International. Sources close to the matter have revealed that the company is looking to acquire a stake of 20-30%, valued at several hundred million euros. The firm, a subsidiary of the CapitaLand Group, which …

Singapore Condo is a highly coveted property in the booming real estate sector of Singapore. The country’s limited land availability, coupled with its rapidly growing population, has posed a constant challenge for developers. In response, the government has implemented strict land use policies, resulting in a fiercely competitive real estate market with consistently high property prices. As a result, investing in real estate, especially in condos, has become a profitable opportunity with the potential for significant capital appreciation. Given the strong demand for Singapore Condo, it is evident that this type of property will continue to be a valuable and lucrative investment for buyers.

Sultan Plaza, a commercial strata retail space located at 100 Jalan Sultan off Beach Road, has recently been put up for sale through Expression of Interest. With a guide price of $39 million, this translates to $1,260 per square foot on the total strata area …

The prestigious housing enclave of Gilstead Road, Gentle Road, and Buckley Road, located just off Newton Road in prime District 11, is currently undergoing a renewal. According to Brenda Zee, senior executive group division director at ERA Realty Network, the area was previously dominated by bungalows and was home to many of Singapore’s elite. However, over the years, many of these bungalows have been acquired by buyers who have redeveloped them into semi-detached houses, strata-titled landed housing projects, or low-rise condominiums. Examples of such developments include Buckley Classique, Gilstead Two, and Villas @ Gilstead.

The most significant deal in recent years was the sale of two adjacent freehold bungalows at 32 and 34 Gilstead Road with a total site area of 43,458 sq ft for $70 million ($1,611 psf) in December 2021. The buyer, Kheng Leong Co, is currently developing the site into a new luxury 14-unit condo called 32 …

Last week, it was reported by EdgeProp Singapore that the entire sixth floor of Tong Building, located on the iconic Orchard Road, had been sold for a staggering $31.33 million. This translates to a record-breaking price of $4,562 per square foot, based on a Sept 3 sales agreement.

When contemplating an investment in a condominium, it is essential to evaluate the possible rental return. This is measured by the rental yield, which is the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yield for condos can vary greatly based 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, offer better rental yields. To gain a clear understanding of the rental potential of a specific condo, it is advisable to conduct thorough market research and seek …

A recent transaction at the prestigious Tong Building on Orchard Road has made headlines, with the sale of its entire sixth floor for a record-breaking price of $31.33 million. This translates to a record of $4,562 per square foot (psf), based on a September 3rd caveat. The deal was brokered by Yap Hui Yee, Executive Director of Investment Sales and Capital Markets at Savills Singapore.

The 6,867 square feet strata office floor was acquired by Parkway Hospital Singapore, which is a member of Bursa Malaysia-listed private healthcare provider IHH Healthcare. This purchase aligns with the hospital’s expansion plans, as the Tong Building is located within walking distance of Mount Elizabeth Hospital – also owned by IHH Healthcare.

In addition, Parkway Hospital obtained a rare medical change of use approval for the floor, intending to provide medical services. According to Yap, designated medical spaces in Singapore are scarce, with fewer than …

When it comes to investing in a condominium, financing is a crucial factor to consider. In Singapore, there are various mortgage options available, but it is imperative to have an understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take based on their income and existing debt obligations. To avoid over-leveraging, it is essential for investors to work with financial advisors or mortgage brokers who can help them navigate their financing options. Additionally, considering the New Condo Launches can also be beneficial for investors looking to invest in a condo.

Singapore’s renowned interior design firm, Rezt+Relax, has recently announced an exciting new partnership with PAL Design Group, a prestigious interior consultancy firm based in Hong Kong. This collaboration aims to bring innovative and luxurious design solutions to high-end residential projects in Singapore by combining the expertise of …

Mon, Sep 23, 2019

The opportunity to own two adjoining conservation shophouses on Telok Ayer Street is now available through an expression of interest (EOI) exercise with an indicative price of $42 million. The prime location of 132 and 134 Telok Ayer Street makes this a valuable investment, as they have a 999-year leasehold tenure and a combined land area of 2,841 sq ft. These commercial properties are located in the Telok Ayer Conservation Area and present a great opportunity for investors.

The shophouses boast a total floor space of 8,000 sq ft, which translates to an indicative price of $5,250 psf on the floor area. They are situated near the corner of Telok Ayer Street and Boon Tat Road, just a two-minute walk from the Telok Ayer MRT Station on the Downtown Line. The Telok Ayer Conservation Area also encompasses shophouses along Amoy Street, Ann Siang Road, Boon Tan …

Mathilda Koh, the Singaporean CEO and founder of famous local beauty salon Bioskin, has recently purchased a luxurious bungalow in the prestigious waterfront residential enclave of Sentosa Cove. The property, located at Cove Drive, was acquired for the staggering sum of $14.155 million, which translates to approximately $1,777 per square foot. The deal was finalized on September 2nd, with the purchase being indicated in the caveat that was lodged on that same day.

Spanning an area of 7,968 square feet, the bungalow was constructed in 2011 and is built on a 99-year leasehold site. It boasts a stunning swimming pool and offers an unobstructed view of the renowned Sentosa Golf Club’s Tanjong Golf Course, as well as the breathtaking CBD skyline. The previous owner had bought the property in April 2012 for a price of $12.5 million, with the cost per square foot amounting to $1,569.

Singapore is renowned for …