Month: February 2025

CapitaLand India Trust (CLINT) announced its plans to acquire an office project located in Nagawara, Outer Ring Road, Bangalore, for a total consideration of $233.6 million. The acquisition will be made through a forward purchase agreement with Maia Estates Offices. This move is expected to boost earnings and distributions for unitholders, with a projected net profit of $7.7 million on a stabilized basis and an increase in distribution per unit from 6.84 cents to 6.98 cents.

The office project is part of a mixed-use development that includes office and retail space. Under the terms of the forward purchase agreement, CLINT …

Sim Lian Group has announced the opening of its latest executive condo (EC), Aurelle of Tampines, for e-application on Feb 22. Situated in the heart of Tampines North, the 760-unit EC is the first new project launch of 2025.

Conveniently located just a five-minute walk away from the upcoming Tampines North Transport Hub, Aurelle of Tampines offers easy accessibility with the Tampines North MRT station (scheduled to open in 2030 as part of the Cross Island Line), air-conditioned bus interchange, and mixed-use development, ParkTown Mall, all integrated within the vicinity. The development also boasts a Community Club, Hawker Centre, and …

The prime district of River Valley Road has once again witnessed a successful collective sale deal, with the sale of River Valley Apartments for $56 million. This marks the first residential collective sale site to be sold in 2025, amidst a challenging collective sale market. The selling price translates to a land rate of $1,622 psf per plot ratio (psf ppr).The strata-titled owners of River Valley Apartments will receive a minimum of $2 million to $2.6 million each based on the sale price. According to a press release from Knight Frank Singapore, the marketing agent, the purchaser is a Singapore …

Buyer pockets $8 mil profit at St Regis Residences, SingaporeBRAND INSIGHTSDon’t miss out on the opportunities provided by the property market

Nassim 9, a luxury development located on Nassim Road, made headlines during the period of February 4 to 7 with the most profitable private non-landed resale transaction recorded. A 2,486 sq ft, four-bedroom unit located on the third floor was sold for $7.5 million, or $3,016 per square foot (psf), on February 7.

According to data from the Urban Redevelopment Authority (URA), the seller had purchased the unit for $4.12 million, or $1,641 psf, in December 2005. This means …

8M Residences has recently made headlines for topping the list of private condos to hit a new psf-price peak in the week of Feb 1 to 7. The freehold development achieved a new high of $2,384 psf when a two-bedroom unit spanning 646 sq ft on the 15th floor was sold for $1.54 million on Feb 3. This is the first time that a unit at 8M Residences has been sold for more than $2,300 psf, surpassing the previous record of $2,261 psf set in April 2023 when a similar two-bedroom unit on the 11th floor was sold for $1.46 …

When contemplating an investment in a condo, it is imperative to also evaluate the potential rental yield. This refers to the annual rental income as a percentage of the price paid for the property. In Singapore, the rental yields for condos can vary greatly depending on factors such as location, condition of the property, and demand in the market. Generally, areas with high rental demand, such as those close to business districts or educational institutions, tend to offer better rental yields. It is advisable to conduct comprehensive market research and seek guidance from real estate agents to gain valuable …

Que Neo, a Singaporean entrepreneur and boutique property developer, has a vision to create residential projects that he would want to live in. His latest project, K Suites, is a 19-unit apartment block developed by his subsidiary company, EG Properties, located along Lorong K Telok Kurau in the desirable District 15 on the East Coast. The project is estimated to obtain its temporary occupation permit (TOP) by the first quarter of 2025.

One of the main draws of K Suites is its prime location, offering convenient access to the beach, East Coast Park, shopping malls, the Central Business District (CBD), …

According to a recently published market report by Savills Singapore, the private housing rental market has experienced a modest rebound in the fourth quarter of 2024, with a 0.2% increase from the previous quarter. However, landlords should not expect the same trend to continue this year, as rental growth is likely to remain flat.

The poor performance of the non-landed private residential market has contributed to a 1.7% drop in rents for the whole of 2024, making it the first full-year decline since 2020. This decline is mainly attributed to the first three quarters of the year, which saw relatively …

CBRE is proud to be the sole marketing agent for the sale of two prime properties in Singapore’s Central Business District – Hotel Clover and a commercial building at 36 Hongkong Street. The iconic Hotel Clover, located at 7 Hongkong Street, boasts 27 luxurious rooms and is being offered at a guide price of $27 million. Concurrently, CBRE is also marketing the sale of the commercial building at 36 Hongkong Street, available for $22.6 million.

Spread across six storeys, the boutique hotel occupies a 1,701 sq ft plot with a hotel zoning and a 4.2 plot ratio according to the …

MCL Land, CSC Land Group to launch 501-unit Elta on Feb 20

Despite the potential for new property cooling measures, the influx of government land sale (GLS) sites and upcoming Build-To-Order (BTO) launches, as well as the possible impact of Budget 2025, experts predict a bright year ahead for the real estate market. These were some of the key discussion points at EdgeProp Singapore’s Property Market Outlook event on Sunday, Feb 16, which featured a panel of three industry experts.

The panel, comprising Alan Cheong, executive director of research and consultancy at Savills Singapore; Wong Xian Yang, head of research, …