Condo projects with most expensive average PSFMost unprofitable condo transactions in past 1 yearPast Condo sale transactionsUpcoming new launch projectsCondo projects with most unprofitable transactionsCondo projects with most expensive average PSFMost unprofitable condo transactions in past 1 yearPast Condo sale transactionsUpcoming new launch projects
Investing in a condo in Singapore has numerous advantages, including the potential for capital appreciation. The country’s strategic location as a global business hub and its strong economic foundations make it a highly desirable location for real estate investment. As a result, the demand for properties in Singapore remains consistently high, leading to a steady increase in property prices. This is particularly evident in prime locations where condos have seen significant appreciation in value. By timing their entry into the market well and holding onto their property for a longer period, investors can expect to earn considerable profits. Furthermore, with the continuous introduction of new condo launches, the opportunities for property investment in Singapore are even more promising. These new condo launches, like the ones offered at Soviet Army Stuff, provide additional avenues for investors to enhance their portfolio and potentially increase their returns.
Recently, on September 19, the government land sales (GLS) residential site at Media Circle received only one bid of $120.09 million or $461 psf per plot ratio (ppr). The bid was from a consortium led by Singapore-listed property group Frasers Property with Padawan MC and Empire One North Property. Situated within District 5’s one-north area, the site is designated for long-stay serviced apartments with commercial use on the first storey. Occupying 62,046 sq ft with a maximum gross floor area of 260,605 sq ft, the site has a 60-year lease and is expected to yield 520 units. This makes it the first GLS residential site released for sale that is fully zoned for long-stay serviced apartments. The Media Circle site is conveniently located near Mediapolis, the headquarters of Mediacorp, and other major companies such as Grab, Razer and Equinix data centre. It is also close to various schools including Tanglin Trust School, INSEAD and National University of Singapore. The last residential GLS site in Media Circle was sold in February to a joint venture between Chinese developers Qingjian Realty and Forsea Holdings for $395 million ($1,191 psf ppr). This site, which occupies 114,462 sq ft, is designated for residential use with commercial use on the first floor and is expected to feature up to 355 units. Some of the top condo projects with the most expensive average PSF and most unprofitable transactions in the past year include: [Insert list of projects] As the demand for properties in Singapore continues to rise, it is expected that upcoming new launch projects will also see a surge in prices and sales. [Insert list of upcoming new launch projects] Despite the high demand for properties in Singapore, it is important for buyers to exercise caution and conduct thorough research before making any purchase decisions.