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When it comes to investing in real estate, the location plays a crucial role, especially in a country like Singapore. In this country, condominiums located in central areas or near important amenities like schools, shopping centers, and public transportation hubs have a greater potential for increasing in value. Some of the most sought-after locations include Orchard Road, Marina Bay, and the Central Business District (CBD), which have consistently shown a steady growth in property values over the years. Moreover, the presence of reputable schools and educational institutions in these areas make condominiums even more desirable for families, making them a lucrative investment option. This is why a growing number of investors are taking an interest in Singapore projects, recognizing the potential for high returns in these prime locations. If you are interested in exploring investment opportunities, consider checking out Singapore Projects.

with private berthSentosa Cove reboots its development …

Sales of new homes in Singapore saw a significant drop in August, according to data released by URA on September 16. A total of 208 new homes, excluding executive condos (ECs), were sold during the month, marking a 63.6% decrease from the 571 homes sold in July. Compared to the same period last year, sales were down by 47.2% from 394 units sold in August 2023.

The decline in sales can be attributed to the absence of new launches for sale in August, which coincided with the lunar seventh month. Only 272 units were launched for sale, which is 55.8% less than the previous month and 53.9% lower than the same period last year.

In total, including ECs, 244 new homes were sold in August, representing a decline of 59.5% from the 608 units sold in July.

Among the top-selling projects was Tembusu Grand, a 640-unit condo located along Jalan …

The Urban Redevelopment Authority (URA) declared on September 13 that the 6.5 hectare master developer site at Jurong Lake District (JLD) has not been awarded. The site was put up for sale on June 22, 2023, with the aim of being “the starting point for the next phase of development in JLD”.

The tender for the JLD site closed on March 26, 2024, with only one bid received from a consortium of five developers, including CapitaLand Group, City Developments Ltd (CDL), Frasers Property, Mitsubishi Estate Co. and Mitsui Fudosan Co. Ltd. The consortium offered two concept proposals for the site, with each developer taking a different stake in the project. However, URA has decided not to award the tender as the proposed price of $6,888.90 per square meter of gross floor area (GFA) was deemed too low.

The JLD master developer site will now be placed on the Reserve List …

Mr Chua, a Hong Kong-based investor, and his family were among the first 25 buyers at Draycott Eight, a luxury condominium with 136 units in Singapore. The condo was launched in late 2005 and the Chua family purchased a four-bedroom unit on the 14th floor in June 2006. The unit, which spans 2,896 sq ft, was purchased for $5.1 million ($1,762 psf). One of the main reasons for the purchase was the prime location of Draycott Eight, which is situated at Draycott Park, just off Scotts Road and Orchard Road. Additionally, the Chua family was also drawn to the fact that close family members had purchased units in the same area. They were happy with their purchase and later decided to buy an adjoining four-bedroom unit in the same condo. This second unit, which is slightly smaller at 2,863 sq ft, was purchased for $5.65 million ($1,973 psf) in November …

Singapore’s condo investment scene is greatly affected by the government’s efforts to maintain a stable real estate market. In order to prevent speculative buying, the government has implemented several cooling measures over the years. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those looking to purchase multiple properties. While these measures may have immediate effects on the profitability of condo investments, they ultimately contribute to the long-term stability of the market, making Singapore a secure environment for condo investment. Condo investors should take these measures into consideration when deciding on their investments.

The Urban Redevelopment Authority (URA) has released the tender for the Government Land Sale (GLS) site at Faber Walk in Clementi on September 12. The site is included in the 2H2024 GLS Confirmed List programme, and it is the final parcel of land available for sale in the private …

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One of the key factors to consider when investing in condos in Singapore is the impact of the government’s property cooling measures. Over time, the Singaporean government has implemented various measures to control speculative buying and maintain a steady real estate market. These measures include the implementation of Additional Buyer’s Stamp Duty (ABSD), which entails higher taxes for foreign buyers and those purchasing multiple properties. While these measures may initially 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, interested buyers can explore a variety of Singapore Projects to find the perfect condo investment opportunity.

Seibu Prince Hotels & Resorts, a subsidiary of Tokyo-listed Seibu Holdings, has made their brand debut in Southeast Asia with the launch of Park Regis by Prince Singapore on September 3.

Located in the Clarke Quay area along Merchant …

During the week of August 27 to September 3, The Draycott had the most profitable condo resale transaction with a unit selling for $5.45 million, at a rate of $2,067 per square foot. The unit, located on the 15th floor and measuring 2,637 square feet, was sold on August 30. The seller had bought it in April 1996 for $3 million, or $1,138 per square foot. This resulted in a gain of $2.45 million for the seller, reflecting a capital gain of 82% as they had owned the unit for almost 28½ years.

This transaction is tied with another unit for the fourth-highest gain ever recorded at The Draycott. This 2,626 square foot, maisonette unit was sold in May 2021 for $4.5 million, or $1,713 per square foot, earning a profit of $2.45 million for the seller. The unit was initially purchased in June 1999 for $2.05 million, or $781 …

The Tuas South industrial hub has recently seen a surge in demand, and this has led to a portfolio of three industrial properties in the area being put on the market for a total of $36 million. The exclusive marketing agent for the properties, JLL Singapore, has announced on Sept 11 that they can be purchased together or separately at a guide price of $12 million each. The properties, which are approved for Business 2 use and have a plot ratio of 1.0 according to the URA’s Master Plan 2019, are currently used for warehousing and storing construction cranes and freight transportation services. All three properties feature high-ceiling structures with overhead cranes and ample open land for heavy vehicle circulation. The locations of the properties are 9 Tuas South Street 9, 10 Tuas South Street 10, and 11 Tuas South Street 9.

The 9 Tuas South Street 9 property covers …

Accor, a well-known global hospitality brand, has recently declared the launch of their new property, Novotel Nara, located in Nara, Japan. Boasting a total of 264 rooms, the hotel is conveniently situated only an eight-minute walk from Shin-Omiya Station and a five-minute cab ride from Nara Station. Guests will find themselves in close proximity to the Todai-ji Temple and Kasuga Taisha Shrine, both of which are designated as Unesco World Heritage sites. For travelers looking to explore beyond Nara, the city is just a short train ride away from popular destinations such as Kyoto and Osaka, approximately 35 to 40 minutes.

The eighth floor of Novotel Nara offers a spectacular rooftop terrace, perfect for guests to relax and enjoy the city skyline. Additionally, the hotel has a comfortable lounge area and a dining restaurant that serves delicious meals throughout the day. For business travelers, the hotel offers conference facilities, two …

According to a recent report by real estate firm Savills, Singapore ranked fourth in terms of leasing activity for the legal sector among Asia Pacific cities during the first half of 2024. This was behind Shanghai, Beijing, and Hong Kong.

Ashley Swan, Executive Director of Commercial at Savills Singapore, notes that legal firms in Singapore have been fairly active in a stable leasing market. Some firms have taken up new premises and adopted a refreshed way of working to attract and retain talent.

Globally, Singapore ranked 11th with New York topping the list, leasing out 1.4 million square feet of space to legal firms in the first half of the year. This accounted for more than half of the 4.3 million square feet leased by the world’s 15 largest legal markets.

Savills also highlights that US cities dominated the global legal leasing activity, accounting for 69% of the total market. …