Condo Belle

ERA Singapore has announced that, effective Jan 1, it will no longer cover the annual Council for Estate Agencies (CEA) license renewal fees for its real estate agents. This change comes after seven years of ERA’s continuous support for its agents, including during the COVID-19 pandemic.

According to a statement released by ERA, this decision will allow the company to allocate resources towards initiatives that promote growth and success for its top-selling agents, as well as benefit consumers.

However, ERA will still offer support to new agents by covering their renewal fees for the first two years, a common industry …

On January 1, SRI, a reputable real estate agency, announced the addition of 111 agents from Knight Frank Singapore’s agency business, KF Property Network (KFPN). This includes KFPN’s head, Evan Chung, who has joined as a leader within the firm. The 111 agents now make up 40.5% of the sales force at KFPN, which was ranked as the sixth-largest property agency by the Council for Estate Agencies (CEA) as of January 1, 2024. SRI, with 1,286 agents at the beginning of 2024, was already the fifth-largest property agency. With the addition of the 111 agents from KFPN, along with new …

In the coming year, three new executive condos (ECs) are scheduled to be launched, with the highly anticipated Aurelle of Tampines by Sim Lian Group leading the pack. Located in Tampines Street 62, the 760-unit development is expected to make its debut in the first quarter of 2025, most likely after the Lunar New Year. This launch follows the success of the 846-unit Emerald of Katong, which has sold over 99% of its units.Sim Lian Group acquired the site in Tampines Street 62 (Parcel B) for $543.28 million through a government land sales (GLS) tender that concluded in October 2023. …

Is it a Good Deal?: Losses abound for freehold resale condos in District 10Resale deals at Ardmore Park, a luxury condo located in prime District 10, saw some of the highest profits in 2024. The freehold development accounted for the first, second, and fourth most profitable condo resale transactions this year, according to the caveats lodged with the Urban Redevelopment Authority as of December 17th. This trend indicates the strong demand for luxury properties in the Ardmore-Draycott enclave.Recently, the sale of a four-bedroom, 2,885 square feet unit on the 26th floor of Ardmore Park on February 16th, brought in a …

Taking the leap into investing in a condominium requires careful consideration not only of the property itself but also its maintenance and management. Among the many advantages of condo living is the convenience of having maintenance fees that cover the upkeep of shared spaces and facilities. While these fees may increase the overall cost of ownership, they also guarantee the property’s upkeep and value. To make the investment even more hassle-free, hiring a property management company can handle the day-to-day management of the condo, making it a more passive investment. Looking for promising New Condo Launches can also be a …

The total value of capital market property transactions in Singapore is estimated to have reached $25.8 billion between January and November this year, representing a 40.2% year-on-year increase from the $18.4 billion recorded in 2023, according to Wong Xian Yang, head of research for Singapore and Southeast Asia at Cushman & Wakefield (C&W).

C&W defines capital market transactions as deals with values exceeding $10 million. Wong notes that almost 60% of the capital market deals were transacted in the second half of 2024, driven by growing investor appetite and increased confidence in interest rate cuts by the US Treasury.

Ultimately, …

Consumer spending in Singapore’s retail property market is expected to fall short of expectations by the end of the year, according to Alan Cheong of Savills Singapore. Cheong notes that the monthly retail sales index (excluding motor vehicles) and food and beverage (F&B) sales index have mostly seen negative year-on-year changes in 2024. As a result, Cheong predicts a 2% increase in rents for prime Orchard Road retail properties, falling short of the initial forecast of 3% to 5% growth at the beginning of the year.

The latest research by DBS and Singapore Management University (SMU) shows that consumer concerns …

As we approach the end of 2024, it is evident that the global luxury goods market has faced numerous challenges. With consumers cutting back on luxury retail spending due to economic uncertainty and rising prices among brands, sales of personal luxury goods are estimated to have declined by 2% worldwide according to a report by Bain & Company. The Chinese market, which plays a crucial role in the luxury industry, is said to have experienced a decline of 20-22%. This has resulted in a slight earnings decline for major luxury players such as Richemont Luxury, LVMH, and Moncler Group. Kering, …

The Swiss brand, V-ZUG, takes a timeless approach to product design by prioritising simplicity and quality. While the world of interior design may constantly change, V-ZUG’s philosophy remains constant – functionality and elegance will never go out of style. Since 1913, this luxury appliance brand has captured the attention of developers and designers worldwide, with products available in cities including Shanghai, London, and Singapore.

At the core of V-ZUG’s design is a focus on sleek lines, which unify their appliances and sets them apart from their competitors. By blending durability and clean aesthetics, V-ZUG has redefined modern kitchen designs, combining …