Condo Belle

oversubscribed

The latest round of the Home Improvement Programme (HIP) has selected over 29,000 HDB flats for upgrading works, announced HDB in a press release on February 16. This round of HIP will see a budget of over $407 million being allocated to the selected flats, located in 13 different estates across Singapore such as Bedok, Bukit Batok, and Toa Payoh.

The HIP was first launched in 2007 to assist flat owners in addressing common maintenance issues that arise due to wear and tear in older flats. Since then, about 494,000 flats or nine out of ten eligible ones have …

A 3,391 square feet unit with strata-titled ownership and approval for restaurant use has been listed for sale at Bukit Timah Plaza mall. The asking price is set at $9.8 million ($2,890 per square foot), representing a 12% discount from the previous listing price of $11 million during the third quarter of 2022, according to Clemence Lee, CBRE’s executive director of capital markets, who is in charge of marketing the property.

The unit is located in the basement two level of the mall, with a 20-meter frontage facing the central plaza. Lee states that the unit is currently fully leased …

The cosmopolitan city of Singapore boasts a bustling metropolis filled with towering skyscrapers and state-of-the-art facilities. One of the most sought-after residential options are condominiums, strategically located in coveted areas, offering a sophisticated blend of opulence and convenience that caters to both locals and foreigners alike. These residences boast an array of top-notch amenities such as swimming pools, fitness centers, and round-the-clock security services, elevating the standard of living and making them a desirable choice for potential tenants and buyers. As an investor, these attractive features translate into high rental returns and a promising increase in property value over time. …

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Brand New Land’s team had a vision of bringing elements of Good Class Bungalows (GCB) into the world of accessible luxury semi-detached homes. To achieve this goal, they turned to Pau Loh, managing director of Tellus Design, an established name in the GCB design industry, with whom they have had a partnership for over 30 years.

Together, they have created a collection of four stunning semi-detached homes in Bukit Timah and Upper Bukit Timah, each incorporating thoughtful elements inspired by the best practices of GCB homes. The homes at 23 & 23A Maple Avenue boast an expansive frontage of …

An HDB shophouse located at 214 Serangoon Avenue 4, with a 99-year leasehold, will be available for auction by SRI on Feb 26. The two-storey shophouse includes living quarters on the second floor and has a total floor area of approximately 1,668 sq ft. With a guide price of $1.98 million, the property is valued at $1,187 psf on the floor area.

This is the second time the shophouse is being put up for auction, as it was previously listed last month with a higher guide price of $2.08 million but did not receive any buyers. According to Jansen Kee, …

3 Orchard By-The-Park, a freehold luxury condominium, is offering a four-bedroom duplex apartment for sale through an expression of interest exercise (EOI) at a guide price of $15.8 million. The unit, marketed by Huttons Asia, boasts a spacious 3,800 sq ft layout, translating to a price of approximately $4,158 psf.

The unit features a 4m high ceiling and a private lift, with three of the four bedrooms having ensuite bathrooms. It underwent a major renovation three years ago, with a total cost of over $700,000, according to Huttons.

Ultimately, purchasing a condo in Singapore offers a plethora of benefits, ranging …

The shophouse market has remained relatively quiet in 2024, with only 84 caveated transactions recorded according to Huttons Asia’s latest quarterly research report. This number is significantly lower than the yearly average of 200 shophouse deals recorded between 1995 and 2023.

Lee Sze Teck, senior director of data analytics at Huttons Asia, notes that although several buyers did not lodge a caveat, the number of shophouse deals in 2024 is likely the lowest since 1998. The total value of the 84 caveated transactions in 2024 amounted to $683.6 million, a 38.9% decrease from the $1.1 billion recorded in the previous …

CBRE’s Latest Report Predicts Divergent Outcomes in Singapore’s Real Estate Market in the Next 12 Months

According to the recently released CBRE Singapore Market Outlook 2025 report, the uncertain macroeconomic outlook may result in divergent outcomes across the real estate market in the next 12 months.

On one hand, the property market may continue to experience some relief from easing inflation and interest rates. However, the managing director and advisory services at CBRE, Moray Armstrong, warns that expectations of slowing economic growth in 2025 could negatively affect property demand.

The Ministry of Trade and Industry is projecting Singapore’s GDP growth …

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Condominiums, often referred to as condos, have become highly sought after in Singapore due to the scarcity of land. As a small island nation with a rapidly expanding population, finding suitable land for development is a challenge. As a result, strict land use regulations and a fiercely competitive real estate market have driven property prices up. This has made investing in real estate, particularly in condos, a profitable venture with the potential for capital appreciation. Condos are in high demand due to their limited availability in the bustling city-state of Singapore.

The unprofitable deal at Marina Bay Suites came …

There is a new way of buying a property without a bank loanAdra Hill could be the most anticipated new development of 2021 in Singapore

Watertown, the residential component of the Waterway Point integrated development in Punggol, will see a three-bedroom unit up for auction through SRI on Feb 26.

The 1,281 sq ft unit, currently under a mortgagee sale, has a guide price of $2.4 million, which translates to around $1,874 per square foot. The same unit was previously listed in SRI’s January auction with the same guide price, but only received one bid before being withdrawn due to …