Month: March 2025

Casa Fidelio, a cluster of seven terraced houses located on Fidelio Street in District 15, will be put up for en bloc sale on March 20 with an asking price of $24 million. This translates to a land rate of $1,388 psf, according to PropNex Realty, the marketing agent for the site. This is the first time that the owners of Casa Fidelio are attempting to sell the development collectively.

Built in 1990, Casa Fidelio is a freehold strata-titled landed development with a land area of approximately 17,293 sq ft. The site is zoned for residential use and designated for …

site

On March 18, the tender for the first private housing Government Land Sale (GLS) site in the upcoming Bayshore precinct closed, with a total of eight bids received. The 99-year leasehold site, which spans 112,992 sq ft and can yield about 515 units, is located on Bayshore Road, next to the Bayshore MRT Station.

The top bid of $658.89 million was submitted by SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings, a company controlled by Celine and Gordon Tang, who hold the majority shareholding in SingHaiyi. This translates to a land rate of $1,388 psf per plot …

February saw a continuation of the strong trend in new private home sales, thanks to the launch of fresh properties. According to URA data released on March 17, developers sold 1,575 units (excluding executive condos) last month, marking a 45.4% increase from the 1,083 units sold in January.

Compared to February 2024, new home sales in February of this year were more than 10 times higher than the 153 units sold. This is also the highest February sales figure in 13 years, with the last peak of 2,417 units sold in February 2012, according to Tricia Song, CBRE’s head of …

A group of twenty historic bungalows in the charming town of Sembawang has been put up for tender by the Singapore Land Authority (SLA). These bungalows, which offer a unique opportunity to live in a piece of history, are available for lease with a duration of five years, and the option to extend for four more years.

Located along Admiralty Road East, Falkland Road, Auckland Road West, and Fiji Road, these two-storey black-and-white bungalows were built in the 1920s and 1930s and occupy a combined area of approximately 245,300 square feet. With an estimated total gross floor area of 94,945 …

There have been recent changes in the leadership of CapitaLand Integrated Commercial Trust (CICT). According to a recent announcement on March 17, Tan Choon Siang will be taking over the role of CEO while current CEO Tony Tan will assume the role of Chief Corporate Officer (CCO) for CapitaLand Development.

Tan Choon Siang, who is currently the deputy CEO of CICT, will officially take on the role of CEO and executive non-independent director of the company from May 1, 2025. He will also be appointed as a member of the executive committee (EC).

Meanwhile, current CEO Tony Tan will step …

, appoints agents Keppel Land takes full ownership of Jakarta residential development Keppel strengthens foothold in Greater China, secures profit gains in Singapore and Vietnam

Keppel Shifts Focus to Brownfield Redevelopment Projects

The ever-increasing demand for condos in Singapore can be attributed to various factors, with one of the main reasons being the limited land availability. As a small, densely populated island country, Singapore struggles with land scarcity, making the development of new properties a challenging task. This has resulted in strict land usage regulations and a fiercely competitive real estate market, where prices are constantly on the rise. Therefore, …

When purchasing a condo, it’s crucial to take into account the maintenance and management of the property as well. Most condos require maintenance fees which cover the maintenance and upkeep of shared spaces and amenities. While these fees may increase the overall cost of ownership, they also guarantee that the property is well-maintained and preserves its value. Opting for a property management company can assist investors in handling the daily management of their condos, transforming it into a more passive investment. Investing in a Condo includes considering its maintenance and management. These fees take care of upkeep for common areas …

When it comes to investing in a condo, securing financing is a crucial consideration. In Singapore, there are various mortgage options available, but it is important to take into account 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 current debt obligations. To make informed decisions about financing, investors should familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers. This can help prevent over-leveraging and ensure a successful investment in Singapore Projects.

The recent sale of a …

Pearl Island penthouse sold for record price of $2,172 psfFreehold unit at Amber Glades sold for profit of $2.3 milUnit at GuocoMidtown sold for $5.9 mil profit

The Esta condominium has made headlines once again as a two-bedroom unit topped the list of private condos with a new record psf-price high from Feb 21 to 28. The freehold development saw a 1,001 sq ft unit sold for $2.38 million, setting its new price peak at $2,377 psf on Feb 26.

The sellers of the seventh-floor unit had purchased it for approximately $1.83 million, or $1,833 psf, in March 2021. This …

for expanding presence in the region(Source: Emerging Trends in Real Estate 2025 survey)

The Emerging Trends in Real Estate Global Outlook for 2025 has been released by PwC and the Urban Land Institute (ULI), highlighting the concerns of property investors in the Asia Pacific (APAC) region. The report, published on March 12th, revealed that low yields and sluggish transaction volumes are the top concerns of investors in APAC.

The report gathers data from global asset managers, including Blackstone from the US, Savills Investment Management from the UK, and CBRE Investment Management. Over 70% of respondents to the survey mentioned low …