Elemeno Condo

Casa Fidelio, located on Fidelio Street in District 15, will soon undergo a collective sale launch. The development, comprising of seven cluster terraces, is being marketed by PropNex Realty with a reserve price of $24 million. According to the agency, this is the first time the owners of Casa Fidelio are attempting to sell the property collectively.

Singapore’s cityscape boasts impressive skyscrapers and contemporary infrastructure. Condominiums, situated in desirable locations, offer the perfect combination of opulence and convenience, making them highly sought after by locals and foreigners alike. These residential complexes are equipped with various facilities like swimming pools, fitness centers, and security services, elevating the standard of living and making them a desirable option for renters and buyers. Additionally, for investors, these amenities result in higher rental returns and appreciation in property values over time. Singapore Condo is a popular choice in this thriving market.

Built in 1990, Casa Fidelio sits on a freehold land area of about 17,293 sq ft that is zoned for residential use and designated for two-storey mixed-landed housing. It is situated in a prime location, just a short drive away from various amenities such as East Coast Park, Katong and Joo Chiat precincts, and malls including Siglap Village, Siglap Centre, and Bedok Mall. In addition, the future completion of Kembangan Wave, an integrated public housing project next to Kembangan MRT Station, is expected to bring even more amenities to the area.

Surrounding schools include Opera Estate Primary School, St. Stephen’s School, and Victoria School. PropNex suggests that the site has potential for redevelopment into a range of configurations, such as luxury cluster houses, landed terraces, or an expansive standalone property. Laurence Wong, head of collective sales at PropNex, says that the site’s regular shape and size allow for flexibility in designing a project that is both functional and aesthetically pleasing, making it an ideal location for a modern residential development that caters to the demand for landed homes in the East Coast area.

Recent property transactions in the area indicate strong potential for redevelopment of Casa Fidelio. In September 2021, a unit at Casa Fidelio was sold for $2.27 million ($1,198 psf). In 2024, two freehold landed homes on Fidelio Street were transacted, with a terrace house selling for $9 million ($2,629 psf on the land area) and a semi-detached house fetching $5.38 million ($2,643 psf on the land area). In addition, a corner terrace on Jalan Bangsawan, just 400m away, was recently sold for $3,541 psf in December 2024.

With its prime location, ample size, and potential for redevelopment, it is no surprise that the tender for Casa Fidelio will close on April 22 at 3pm. For interested buyers, it is advisable to keep a close eye on the property and its latest listings for Casa Fidelio properties.…

tender

On March 18, the tender for the first private housing Government Land Sale (GLS) site in the upcoming Bayshore precinct closed, attracting eight bids. Situated next to the Bayshore MRT Station, the 99-year leasehold site is located on Bayshore Road and spans 112,992 sq ft, with the potential to yield approximately 515 units.

The top bid of $658.89 million, translating to a land rate of $1,388 psf per plot ratio (ppr), was submitted by SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings (a Celine and Gordon Tang-controlled entity that holds a majority shareholding in SingHaiyi). This bid was just 0.82% higher than the second-highest bid submitted by Sing Holdings, which put in a bid of $653.53 million ($1,377 psf ppr). City Developments also participated in the tender, submitting a bid of $620.8 million ($1,308 psf ppr), 5.3% lower than Sing Holdings’ bid. Justin Quek, CEO of OrangeTee & Tie, remarks that the highest bid prices received have exceeded initial expectations, potentially indicating a strong confidence in the site’s potential.

Mark Yip, CEO of Huttons Asia, notes that the number of bids received is the highest for a private housing GLS site since January 2022, when a Jalan Tembusu plot (now the site of Tembusu Grand) also attracted eight bids. He believes that developers may have held back from bidding for other GLS plots to pursue the Bayshore site, and that the strong sales in recent months have increased the need for developers to replenish their land banks.

Investing in a condo requires careful consideration not only of the property itself, but also of its maintenance and management. It is common for condos to come with maintenance fees that cover the upkeep of shared spaces and amenities. Although these fees may increase the total cost of ownership, they also guarantee that the property stays in excellent condition and maintains its value. Those interested in investing in a condo can benefit from enlisting the services of a property management company to oversee the daily management tasks, making it a more hands-off investment. Singapore Projects can be a great addition to these considerations.

Other tenderers for the Bayshore Road site include a Frasers Property-led consortium, Kingsford Development, and a joint venture between Hoi Hup Realty and Sunway Developments. The tenderers submitted bids ranging between $1,252 psf ppr to $1,285 psf ppr. The two lowest bids came from a consortium comprising Hong Leong Holdings, TID, and CSC Land Group at $500.68 million($1,055 psf ppr), followed by Sim Lian Group at $485 million ($1,022 psf ppr). Marcus Chu, CEO of ERA Singapore, notes that the sizable gap of 36% between the lowest and highest bids received for the Bayshore Road site reflects the mixed market sentiments among participating bidders. He also highlights that SingHaiyi’s bid of $1,388 psf ppr sets a new benchmark for Outside Central Region (OCR) land prices, beating the previous threshold of $1,250 psf ppr paid by MCL Land and CSC Land Group in November 2023 for the site of the recently-launched Elta, located at Clementi Avenue 1.

Wong Siew Ying, PropNex’s head of research and content, adds that this new OCR benchmark rivals the land rates of some GLS plots in the Central Region. In 2024, Zion Road Parcels A and B in the Rest of Central Region were awarded at $1,202 psf ppr and $1,304 psf ppr respectively, while Holland Drive and River Valley Green (Parcel A) sites in the Core Central Region sold for $1,285 psf ppr and $1,325 psf ppr, respectively.

The future project at the Bayshore Road site will be the first private residential development in the new Bayshore precinct, a 60-ha estate situated between East Coast Parkway (ECP) and Upper East Coast Road. About 10,000 homes have been earmarked for Bayshore, with 30% designated for private housing. Huttons’ Yip observes that the site is probably the best in the Bayshore precinct as it offers a sea view and doorstep access to Bayshore MRT Station. In addition to various new amenities that will be constructed in the neighborhood, the area also stands to benefit from long-term development plans, such as the Long Island coastal protection project that will add reservoirs and parks fronting the Bayshore area, says Leonard Tay, Knight Frank Singapore’s head of research.

According to PropNex’s Wong, there have been no significant private condo launches in the Bayshore area for decades. Existing condos in the vicinity include The Bayshore, which launched in the 1990s, and Costa Del Sol, which hit the market in 2000. Consequently, the area may have pent-up demand for new private housing, including demand from HDB upgraders in the nearby Marine Parade and Bedok estates, says Wong. Riding on the recent positive sales momentum in the primary market and the anticipation of healthy home-buying interest for the future Bayshore project, it is little wonder that developers were out in droves for this GLS tender – perhaps also hoping to gain a first-mover advantage in that area. Taking into account the top bid of $1,388 psf ppr, she predicts the future development at the Bayshore Road site could see an average selling price of over $2,600 psf. Meanwhile, Knight Frank’s Tay believes prices at the upcoming project could start from $2,700 psf and average above $2,800 psf.…

Banyan Group, one of Thailand’s leading hospitality firms, has recently launched its latest development, the Banyan Tree Beach Residences Oceanus, in Phuket. Located on the pristine Bang Tao Beach, this luxurious residential project is situated within the private enclave of Banyan Group’s flagship resort, Laguna Phuket.

When it comes to investing in condos in Singapore, one must also take into account the government’s property cooling measures. In order to maintain a steady real estate market and prevent speculative buying, the Singaporean government has implemented various measures over the years. These measures, including the Additional Buyer’s Stamp Duty (ABSD), involve higher taxes for foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a more secure investment environment. Additionally, keeping up-to-date with new condo launches is another important aspect to consider when investing in Singapore’s condo market.

The development comprises of 16 beachfront residences, with sizes ranging from 416 sq m to 768 sq m for penthouses. The ground-floor residences will boast private pools extending from their terraces, while penthouses will offer breathtaking views of the Andaman Sea from their spacious living area balconies and rooftop terraces that feature private pools and reflecting ponds.

Each residence is designed to provide the ultimate luxury living experience, with living areas over 13m wide, double master bedrooms, and lavish bathrooms. In addition, residents will have access to a lap pool with a sun deck, an open lawn with loungers and an outdoor dining area, which are exclusively reserved for them.

In addition to the luxurious amenities within the development, residents will also have access to the facilities at the integrated resort, including membership at the esteemed Laguna Golf Phuket and a complimentary Thailand Elite visa, providing a five-year multiple-entry privilege. They will also enjoy exclusive access to a private beach club, premium health and wellness facilities from BDMS Wellness, and signature restaurants, spas, and recreational facilities.

The group is expecting record prices for this development, attributing it to the high demand for luxury real estate in Phuket. Stuart Reading, managing director of Banyan Group Residences, explains, “With the limited availability of prime beachfront land for individual standalone villas, we have identified a new opportunity to develop larger, highly luxurious beachfront condominiums that offer the same living space as a villa, but with the convenience of a turnkey solution without having to manage the grounds yourself.”…

February saw a continuation of the strong sales momentum in the private home market, driven by new launches. According to data released by URA on March 17, developers sold 1,575 units (excluding executive condos) last month, a significant increase of 45.4% from the 1,083 units sold in January. On a year-on-year basis, February new home sales were more than 10 times higher than the 153 units sold in February 2024. This is also the highest February developer sales figure in 13 years, since February 2012 when 2,417 units were sold, says Tricia Song, CBRE’s head of research for Singapore and Southeast Asia. Including ECs, new home sales totaled 1,604 units last month, up 45.3% from January. Since the start of the year, developers have sold a total of 2,658 units (excluding ECs), which is significantly higher than the same period last year, where it took eight months to reach a similar figure, notes Leonard Tay, head of research at Knight Frank Singapore.

The strong performance in February can be attributed to two major launches in the Outside Central Region (OCR): The 1,193-unit ParkTown Residence in Tampines North and the 501-unit Elta on Clementi Avenue 1. With sales of 1,041 units at a median price of $2,363 psf, ParkTown Residence was the best-selling project for the month. The units sold translate to an 87% take-up rate at the integrated project, which is jointly developed by UOL Group and CapitaLand Development. Elta was the second best-performing project, with 65.1% or 326 units sold by developers MCL Land and CSC Land Group at a median price of $2,538 psf. According to CBRE’s Song, both ParkTown Residence and Elta are located in suburban neighbourhoods which have not seen supply in at least the past five years, contributing to the projects’ robust performances.

In addition to the two projects, developers launched a total of 1,694 units for sale in February, a significant increase of 89% from the 896 units launched the month before. The strong performance in February was also reflected in the sales figures, with developers’ sales in the OCR accounting for a staggering 92% of total new private homes sold, totaling 1,452 units. This is the best monthly showing for the OCR in over nine years, since 1,523 units were sold in July 2015, says Wong Siew Ying, PropNex Realty’s head of research and content. Sales in the Rest of Central Region (RCR) made up 98 or 6.2% of units sold in February. The top-selling RCR project was existing launch Pinetree Hill, which moved 22 units at a median price of $2,613 psf. In the Core Central Region (CCR), only 25 units were sold, accounting for 1.6% of developers’ sales last month. The best-selling CCR project was 19 Nassim, which moved five units at a median price of $3,372 psf. Four units were also sold at One Bernam at a median price of $2,651 psf. The 351-unit One Bernam, which launched for sale in May 2021, is now fully sold.

In terms of buyer profile, Singapore citizens continued to make up the bulk of new private home buyers at 92.4%, followed by permanent residents at 6.9%, notes Lee Sze Teck, senior director of data analytics at Huttons Asia. Foreigners accounted for 11 new home purchases, including the two most expensive transactions in February – the sale of two units at 32 Gilstead for $14.47 million and $14.61 million.

A record number of suburban homes were also sold for over $2 million in February. A total of 603 new private homes (including ECs) in the OCR were sold for at least $2 million, observes Christine Sun, chief researcher and strategist at OrangeTee Group. This is the highest number of new suburban homes sold at this price range in a single month since URA data first became available in 1995. “The previous record was in November 2024, with 512 new homes in the OCR sold for at least $2 million,” she adds. Of the 603 OCR homes that transacted for at least $2 million, 596 were non-landed homes, comprising mostly of units from ParkTown Residence (397 units), Elta (145 units) and Hillock Green (16 units).

When it comes to real estate investment, the location is a vital factor to consider, and this is especially true in Singapore. Condominiums situated in central areas or near important amenities such as schools, shopping malls, and public transportation hubs tend to have higher appreciation in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values. In addition to these factors, the proximity to reputable schools and educational institutions also makes condos in these areas highly sought-after by families, making them even more attractive for investors. Consider exploring Singapore Projects for potential investment options.

According to Wong Sze Ying, the average unit prices of recent launches have “decoupled from the sub-market where these projects are located”. While property prices generally follow a pecking order led by the CCR, followed by the RCR and then the OCR, recent launches indicate that this may not always be the case. For example, The Collective at One Sophia, a CCR project launched in November, has sold 73 units at an average unit price of $2,743 psf, based on URA data up until the end of February. “This is lower than the average transacted price of units sold at Union Square Residences ($3,175 psf) in the RCR, and only slightly higher than that of The Orie ($2,734 psf), also in the RCR,” she continues. Meanwhile, recent OCR launches such as Chuan Park, Elta and Bagnall Haus have registered average unit prices of $2,589 psf, $2,544 psf and $2,489 psf, respectively, surpassing RCR project Nava Grove, which logged an average unit price of $2,460 psf. Wong believes that the narrowing price gaps between regions could be due to various factors, including the specific attributes of projects, amenity-driven pricing, demand by HDB upgraders, and the location of certain projects on the cusp of the CCR.

The buoyant momentum in developers’ sales is expected to be sustained in March, supported by recent launches such as the 477-unit Lentor Central Residences, the 188-unit Aurea and the 760-unit Aurelle of Tampines EC. “As of mid-March, these projects have collectively sold over 1,150 units, promising a strong closing to the quarter,” comments Marchus Chu, CEO of ERA Singapore. In light of the robust first-quarter sales, ERA has revised its new private home sales projection for the whole of 2025 to between 8,500 and 9,000 units, up from its previous range of 7,000 to 8,000. Similarly, Huttons’ Lee is estimating developers sales (excluding ECs) to exceed 3,200 units for the first quarter of the year, making it the highest first-quarter sales since 2021.

Looking ahead to the second quarter, new launches lined up potentially include the 358-unit Bloomsbury Residences, the 937-unit One Marina Gardens, the 638-unit W Residences Singapore – Marina View and the 107-unit Arina East Residences. However, despite the strong momentum established at the start of the year, not all projects launched in the coming months may perform equally well, notes Knight Frank’s Tay. “Homebuyer demand will largely be dependent on the specific location and property attributes of each specific new project launch, with some projects doing better than others,” he says.…

The Singapore Land Authority (SLA) has put up a collection of twenty historical bungalows in Sembawang for lease. With a lease period of five years and an option for a four-year extension, these two-storey black-and-white bungalows are located along Admiralty Road East, Falkland Road, Auckland Road West, and Fiji Road. Originally built in the 1920s and 1930s, these properties cover an area of 245,300 square feet and have a total estimated gross floor area of 94,945 square feet.

Opting to invest in a condominium in Singapore can lead to a plethora of advantages, with one of the most notable being the potential for significant capital appreciation. As a major global hub for business and a prosperous economy, Singapore boasts a strong and continuous demand for real estate. Furthermore, its prime location contributes to a steady increase in property prices over time. This is especially true for condos located in highly desirable areas, which have experienced substantial appreciation. By strategically purchasing a condo at the right time and holding onto it for the long term, investors stand to profit from lucrative capital gains. It is always worthwhile to keep an eye out for new condo launches, as these can present promising investment opportunities in the ever-growing Singapore real estate market. Don’t miss out on potential opportunities and stay updated with the latest New Condo Launches.

The bungalows are being offered for lease for serviced apartment use, with possibilities for multi-generational and senior co-living concepts. The bungalows also allow for F&B and retail use, as long as the gross floor area does not exceed 9,580 square feet. For serviced apartments, a minimum stay of one week is required.

In addition, the bids for these bungalows will be evaluated based on a price-quality ratio. The tender will close on June 11 at 11am, and the site is expected to be awarded in October.

The SLA is open to various uses for these bungalows, including co-living and event venues, as well as social impact initiatives. This move reflects the transformation of state properties into more dynamic and versatile spaces.

The SLA’s Chief Executive, Colin Low, urges the public to reimagine these bungalows and suggests that they can be used for a variety of purposes, such as co-living spaces, pop-up event venues, and social impact hubs. The SLA aims to create a more vibrant and inclusive community through the adaptive use of these historical properties.

This initiative is in line with the SLA’s commitment to constantly enhance and optimize the use of state properties. With the launch of this tender, the SLA hopes to generate a wide range of creative ideas and proposals for the rejuvenation of these bungalows.…

CapitaLand raises profit by 44% to $1.03 bil in 1Q21CapitaLand to open Asia’s first lyf coliving property in Shanghai

CapitaLand Integrated Commercial Trust (CICT) announced changes to its board on March 17, appointing Tan Choon Siang as the new CEO and transitioning current CEO Tony Tan to the role of CCO at CapitaLand Development.

Tan Choon Siang, currently the deputy CEO of CICT, will take on the role of CEO and executive non-independent director effective May 1, 2025. He will also join the company’s executive committee (EC).

Meanwhile, Tony Tan will step down as an executive non-independent director and member of the EC, and take on the position of chief corporate officer at CapitaLand Development. Tan has been serving as CICT’s CEO and executive director since 2017.

When contemplating an investment in a condo, it is crucial to also evaluate the potential rental yield. Rental yield refers to the annual rental income as a percentage of the condo’s purchase price. In Singapore, the rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer more favorable rental yields. To gain a better understanding of the rental potential of a specific condo, it is recommended to conduct thorough market research and seek advice from real estate agents.

Under Tan’s leadership, CICT oversaw the successful merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020, creating Singapore’s largest listed REIT with a market capitalization of $15.5 billion.

The incoming CEO, Tan Choon Siang, previously managed CapitaLand Malaysia Trust since 2022 and served as the chief financial officer for CapitaLand India Trust. He also held the position of Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2019.…

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Singapore-based asset management and real estate company Keppel is shifting its focus to other brownfield redevelopment projects after the completion of its flagship Keppel South Central, according to Samuel Ng, the president of Keppel’s real estate division in Singapore. “The redevelopment of Keppel South Central is a prime example of our capabilities,” Ng states.

Keppel South Central, previously known as Keppel Towers and GE Tower, was a 27-storey and 13-storey office building respectively, built in 1991 and 1993. The 33-storey commercial tower located along Hoe Chiang Road in Tanjong Pagar will offer 650,000 sq ft of office, retail, and event space. The typical office floor plate ranges from 20,000 to 22,000 sq ft with a clear ceiling height of 3.2m.

Nearly half of the commercial tower’s office space and retail units are either leased or in active negotiations. The first anchor tenant, a leading financial services group, will occupy two whole floors, with office occupants expected to move in from June. The ground floor of the tower will feature retail and event spaces, while the fifth and sixth floors will house health and wellness amenities. An 18th-floor landscaped terrace and basement 1 end-of-trip facilities have also been added.

The renovated property now boasts technology upgrades such as facial recognition access, 5G Wi-Fi, and an indoor air-quality management system. The office space has been designed to meet the needs of modern tenants, with designated floors equipped with micro ACUs (air conditioning units) for localized cooling. Retail and event spaces on the ground floor will be managed by a team within Keppel.

Keppel South Central has been awarded the BCA Green Mark Platinum Super Low Energy building certification, a significant improvement in energy efficiency and cost savings compared to its previous state. Keppel estimates energy savings of 6.2 million kWh annually, equivalent to the power consumption of 1,300 homes in Singapore. This translates to around $1.8 million in savings each year.

In order to achieve this, Keppel implemented various green solutions that were previously tested in another older property, Keppel Bay Tower. In 2018, Keppel Land received a BCA grant to test five new technologies in the building, which resulted in it becoming Singapore’s first zero-energy commercial building in 2020. “This experience has equipped Keppel with the knowledge to effectively apply these technologies to our properties around the world,” says Ng.

Keppel is now looking to replicate the success of Keppel South Central across the region as part of its Sustainable Urban Renewal (SUR) strategy. “In the Asia Pacific region alone, there is a huge pool of office buildings that were completed in the 1990s or earlier and will fail to meet the new standards for Grade-A office space,” explains Ng. This presents a significant opportunity for sustainability-focused retrofits.

According to a March 2024 report by JLL, 87% of occupiers surveyed across Asia Pacific aim to comprise their portfolio with entirely green-certified properties by 2030. “However, for every 5 sq ft of demand across Apac, only 2 sq ft of low-carbon space is projected for development from now until 2028,” Ng says. “This means that there is limited new office supply expected, providing a significant opportunity for sustainability-focused retrofits.”

In Singapore, aging office buildings typically undergo redevelopment in order to recycle prime commercial land in the CBD. This is why the completion of projects like Keppel South Central is essential in providing fresh office supply in the core CBD area, according to Leonard Tay, head of research at Knight Frank Singapore.

To fund the redevelopment of brownfield projects across the region, Keppel recently announced the first close of its flagship Keppel Sustainable Urban Renewal Fund (KSURF). The fund will target properties across various segments, including commercial, living, life sciences, hospitality, and logistics in Singapore, South Korea, Japan, Australia, and first-tier cities in China.

“Keppel’s in-house capabilities to execute the renewal works ourselves set us apart from other asset managers,” says Ng. “Whether it’s an industrial, office, or data center asset, our operational knowledge helps us to streamline the process of selecting which new technologies to implement and save on capex costs if the projected savings aren’t met.”

To date, Keppel has successfully implemented its SUR initiative in eight projects across five countries. Among these, in addition to Keppel South Central and Keppel Bay Towers, include Park Avenue Central, a mixed-use office and retail development in Shanghai; The Kube, a four-storey office building also in Shanghai; and Saigon Centre, a mixed-use office and retail development in Ho Chi Minh City. Three projects are yet to be completed, including Ocean Financial Centre, a 43-storey Grade-A office tower in Raffles Place; Inno88 Tower, a 367,210 sq ft office building in Seoul; and Kohinoor, a 1.1 million sq ft office block in Maharashtra, India.

Investing in a condominium has numerous advantages, one of them being the potential to use the property as leverage for future investments. This approach is commonly used by investors who use their condos as collateral to secure additional financing for new ventures, ultimately diversifying their real estate portfolio. However, this strategy also entails certain risks, making it crucial for investors to have a well-developed financial plan in place and carefully assess the potential impact of market fluctuations. If done correctly, adding Singapore Condo to one’s investment mix can significantly amplify returns and pave the way for long-term success.…

When contemplating investing in a condo, it is essential to consider the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can differ significantly depending on various factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of the rental potential of a specific condo, it is crucial to conduct thorough market research and seek advice from real estate agents. For more information on Singapore condos, visit elemeno-pee.com.

In the upcoming SRI auction on March 15, a 99-year leasehold semi-detached house located at Kew Heights in District 16 will be offered for sale with a guide price of $3.65 million. This rare opportunity to own a property in this highly sought-after estate presents a great investment opportunity for potential buyers.The three-storey house boasts a spacious floor area of 4,436 sq ft and sits on a corner plot of 3,034 sq ft. With its guide price of $1,203 psf, this property offers one of the lowest land rates currently available in the area. The house is being sold under mortgagee sale and will be offered with vacant possession, making it an ideal property for families looking for a new home in the area.Potential buyers can also explore the possibility of converting some of the open spaces in the house into additional bedrooms, making it an ideal choice for extended or multi-generational families. This is a great opportunity to own a landed property in a prestigious estate at a more affordable price.Furthermore, the Kew Vale estate has seen a steady increase in property prices in recent years, with 99-year leasehold semi-detached houses being sold at an average land rate of $1,213 psf in 2023 and 2024, up from $1,002 psf in 2021 and 2022. This makes the guide price of $1,203 psf for the property at Kew Heights an attractive and competitive offer for potential buyers.The Kew Vale estate is conveniently located near major motorways such as East Coast Parkway (ECP) via Bayshore Road and will be served by the upcoming Bedok South MRT Station along the Thompson-East Coast Line when it opens in 2H2026. The area also offers access to renowned schools such as Temasek Primary and Secondary Schools, Bedok South Secondary and Bedok View Secondary, making it an attractive choice for families with school-going children.Don’t miss out on this rare opportunity to own a landed property in a prestigious estate at an affordable price. The auction for the semi-detached house at Kew Heights will take place on March 15, so register your interest now and be a part of this exciting opportunity.…

Trizon penthouse sale sets new record in profitable resale transactions during Feb 25 to March 4

The decision to invest in a Condo in Singapore is gaining popularity among both native citizens and foreign investors. This can be attributed to the country’s thriving economy, unwavering political climate, and exceptional quality of life. With a flourishing real estate market, the options are many, but Condos present themselves as the top choice due to their convenience, amenities, and potential for remarkable returns. In this article, we will delve into the advantages, factors to consider, and essential steps to take when investing in a Condo in Singapore from elemeno-pee.com.

The week of Feb 25 to March 4 saw a number of profitable resale transactions at various condominium projects, but the sale of a 5,737 sq ft penthouse at The Trizon on Ridgewood Close in prime District 10 set a new record. The unit was sold for $9.76 million ($1,701 psf) on Feb 27, earning the seller a $3.2 million profit (49%) compared to when the unit was bought for $6.55 million ($1,142 psf) in March 2016. This translates to an annualized gain of 4.5% over nine years. This also makes it the second most profitable resale transaction at The Trizon to date, behind a 7,083 sq ft penthouse that was sold for $11 million ($1,553 psf) in August 2023. This unit was purchased for $7.1 million ($1,002 psf) back in November 2019, resulting in a record profit of $3.9million (55%), or an annualized gain of 12% over nearly four years. Developed by Ideal Homes, The Trizon is a freehold development offering two- to five-bedroom units, as well as penthouses ranging from 1,012 sq ft to 7,083 sq ft. It was completed in 2013 and is close to the Mount Sinai landed enclave and private residential estates such as Pandan Valley and Pine Grove. The average resale price at The Trizon is $2,017 psf, while neighbouring Pandan Valley, a sprawling 605-unit development, has an average price of $1,449 psf. Nearby 999-year leasehold Ridgewood condo has an average price of $1,728 psf. Two new 99-year leasehold projects in the area are Pinetree Hill, with 520 units, and Nava Grove, with 552 units. Launched in July 2023, Pinetree Hill has seen units sold this year at an average price of $2,550 psf, compared to an average of $2,458 psf from its launch to end 2024. It is about 78% sold. The 552-unit Nava Grove, launched in November last year, is about 75% sold, with an average selling price of $2,460 psf. A 1,442 sq ft unit at Haig Court was sold for $2.84 million ($1,968 psf) on Feb 27. (Picture: Samuel Isaac Chua/The Edge Singapore)The week also saw the sale of a 1,442 sq ft unit at Haig Court for $2.84 million ($1,968 psf) on Feb 27. This three-bedroom unit on the third floor fetched just $798,868 ($554 psf) when it was purchased in 2015, resulting in a profit of $2.04 million (255%) for the seller. This translates to an annualised gain of 6.8% over 20 years. Located on Haig Road in District 15, Haig Court was completed in 2004 and comprises 360 units. It is opposite Tanjong Katong Secondary School and close to Tanjong Katong Girls’ School and the Tanjong Katong campus of the Canadian International School. Schools in the vicinity also include Chung Cheng High School. Neighbouring Emerald at Katong and Tembusu Grand are two new 99-year leasehold projects. A 2,228 sq ft unit at Orchard Scotts was sold for $3.78 million ($1,696 psf) on Feb 25. (Picture: Samuel Isaac Chua/The Edge Singapore)For the week of Feb 25 to March 4, a 2,228 sq ft unit at Orchard Scotts was also sold for $3.78 million ($1,696 psf) on Feb 25. This unit had been bought for $4.35 million ($1,955 psf) back in 2010, resulting in a loss of $576,000 (13%) for the seller. This translates into an annualised loss of 1% over nearly 15 years. Average resale prices at Orchard Scotts have been declining in recent years, falling from $2,061 psf in March 2023 to $1,747 in March 2024. However, average resale prices have picked up marginally in recent months to $1,760 psf in February 2024. Located on Anthony Road off Clemenceau Avenue North, Orchard Scotts is a 99-year leasehold condo comprising 387 units. It is close to shopping malls such as Far East Plaza and Great World City, and popular eateries such as Newton Food Centre.

In conclusion, the sale of a penthouse at The Trizon on Ridgewood Close in prime District 10 set a new record for profitable resale transactions during the week of Feb 25 to March 4. The unit was sold for $9.76 million ($1,701 psf) on Feb 27, earning the seller a profit of $3.2 million (49%). This also makes it the second most profitable resale transaction at The Trizon to date. In addition, a 1,442 sq ft unit at Haig Court was also sold for $2.84 million ($1,968 psf) on Feb 27, resulting in a profit of $2.04 million (255%) for the seller. On the other hand, a 2,228 sq ft unit at Orchard Scotts was sold for $3.78 million ($1,696 psf) on Feb 25, resulting in a loss of $576,000 (13%) for the seller. However, average resale prices at Orchard Scotts have picked up marginally in recent months to $1,760 psf in February 2024.…

Pasir Ris 8: Choosing the Right Home for You

In the last week of February, a two-bedroom unit at The Esta broke records by achieving the highest psf-price for a private condo. The freehold development reached a new peak of $2,377 psf when a 1,001 sq ft unit was sold for $2.38 million on February 26. This surpasses the previous record of $2,317 psf, set by a 1,346 sq ft, three-bedroom unit in January last year.

The sellers of the seventh-floor unit had purchased it for around $1.83 million, or $1,833 psf, in March last year. This translates to a profit of approximately $545,000 for the sellers.

The average resale price at The Esta has been steadily increasing over the past three years. In 2020, the project saw 10 transactions with an average psf-price of $2,012. The following year, the average price rose to $2,156 across nine resale transactions. Last year, nine units were resold at an average psf-price of $2,248, reflecting an 11.7% increase in average resale prices since 2020.

By absolute price, the most expensive unit sold at The Esta was a 3,477 sq ft, five-bedroom apartment on the 21st floor, which went for $6.25 million, or $1,798 psf, in October last year.

The Esta, located at Amber Gardens, is a freehold development with 400 units spread across five residential blocks. Completed in 2008, the project offers two- to four-bedroom apartments, ranging from 1,001 sq ft to 1,711 sq ft, as well as penthouses spanning from 2,368 sq ft to 3,477 sq ft. It is situated within walking distance of Tanjong Katong MRT Station, and is close to popular lifestyle hubs such as Katong Shopping Centre and Katong V.

D’Leedon, a 99-year leasehold condo in District 10, took second place for the highest new psf-prices recorded during the review period. The development set a new record of $2,287 psf when a 1,421 sq ft, three-bedroom unit on the 29th floor sold for $3.25 million on February 25. The sale slightly surpassed the previous record of $2,180 psf, achieved by the sale of a 2,110 sq ft, four-bedroom unit for $4.6 million last October.

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Since the start of this year, 11 units at D’Leedon have been sold at an average price of $2,065 psf. The lowest psf-price recorded this year was for a 743 sq ft, one-bedroom unit on the 10th floor, which transacted for $1.41 million, or $1,898 psf, on February 13.

Located along Leedon Heights, D’Leedon was completed in 2014 and offers 1,703 units of one- to four-bedroom apartments, ranging from 592 sq ft to 6,534 sq ft. The development is close to Empress Road Market and Food Centre, and is a short walk to Farrer Road MRT Station on the Circle Line.

Citylights, a 99-year leasehold condo in District 8, clinched third place for the highest new psf-prices recorded in the last week of February. A 893 sq ft, two-bedroom unit on the 26th floor was sold for $1.98 million, or $2,216 psf, setting a new record on February 27. This is a 4.4% increase from the previous record of $2,122 psf, set in December last year when a 872 sq ft, two-bedroom unit on the 16th floor was sold for $1.85 million. The sellers of the 26th-floor unit had purchased it in April 2019 for approximately $1.44 million, or $1,610 psf, making a profit of around $542,000.

Citylights is a 600-unit development located along Jellicoe Road in Kallang. Completed in 2007, it offers one- to four-bedroom units ranging from 560 sq ft to 3,875 sq ft. Just a one-minute walk from Lavender MRT Station, the condo is near popular dining and retail options such as Aperia Mall and Kitchener Complex.

There were no new psf-price lows recorded during the period in review.…