Month: January 2025

A newly constructed 15-room loft hotel at 739-1 Geylang Road in District 14 is now on the market for $14 million. Located on a freehold plot of land measuring 1,273 square feet, this two-storey property boasts an approved gross floor area (GFA) of up to 3,186 square feet.

What makes this hotel even more attractive is its rare permanent ‘Hotel’ zoning and usage approval, making it a sought-after designation for conservation shophouses being converted for usage in Singapore. This status adds to the long-term investment appeal and operational flexibility of the property. Additionally, its prime location, just a 5-minute walk from the Paya Lebar MRT station, offers excellent connectivity. The Paya Lebar MRT station services both the East-West and Circle lines, providing guests with easy access to various parts of Singapore.

Designed with a sophisticated Japandi theme, the hotel is currently under construction and is scheduled to receive its Temporary Occupation Permit (TOP) in the second quarter of 2025. The sale price includes all construction and renovation costs, making it a turnkey investment opportunity for those interested in entering or expanding their presence in the hospitality sector.

For investors, this property presents an attractive proposition. The current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. This provides an opportunity for immediate rental income and operational continuity. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., believes that this hotel will appeal to owner-operators, as they will benefit from major renovations that will allow for a quick and seamless commencement of operations.

The demand for hospitality assets in Singapore has been steadily increasing over the past year, with notable transactions including LHN Group’s purchase of Pasir Panjang Inn, a 16,626 square foot site, for $30 million. Last year, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million, and Hotel JJH, a 25-room property at 747 North Bridge Road, is now on the market for $38 million. These transactions highlight the strong appetite for well-located, high-quality hospitality assets, which are considered highly desirable in the commercial shophouse usage class in Singapore.

Investing in a condo has its perks, one of which is the potential to leverage its value for future investments. With the use of their condo as collateral, many investors are able to secure additional financing for new ventures, effectively expanding their real estate portfolio. This approach has the potential to greatly increase returns, but it also carries risks. As such, it is essential to have a solid financial plan in place and carefully consider the potential effects of market fluctuations. In fact, with the ever-growing Singapore Projects, condo investments have become even more appealing and have opened up new opportunities for savvy real estate investors.

For more information, contact Eva Lau at 92785688, Senior Marketing Director of ERA Realty Network Pte. Ltd. (R062169F).…

Real estate consulting firm JLL has chosen James Cameron to lead the energy and infrastructure division for its capital markets business line in Asia Pacific. The position, which is newly created, will be based in Singapore, according to a press release issued by the firm on January 14.

Ultimately, investing in a condo in Singapore presents a variety of benefits. The country boasts a high demand for such properties, making it a desirable location for potential investors. Furthermore, there is a potential for significant capital appreciation, providing the opportunity for lucrative returns in the future. Additionally, attractive rental yields add to the appeal of investing in a Singaporean condo.

However, it is crucial to thoroughly consider various factors before making a decision. One essential aspect to evaluate is the location of the condo. This would greatly affect its demand and potential for profitability. Moreover, financing options and government regulations must also be taken into account to ensure a smooth investment process.

Another critical factor to keep in mind is the current market conditions. As with any investment, the real estate market is dynamic and can experience fluctuations. Researching and staying updated on market trends can help investors make informed decisions and maximize their returns.

To make the most of the opportunities presented by Singapore’s real estate market, seeking professional advice is highly recommended. With their expertise and knowledge, investors can better navigate the complexities of the market and make well-informed decisions. Whether a local investor diversifying their portfolio or a foreign buyer seeking a stable and profitable investment, Singapore’s condo market has attractive opportunities in store.

For more information and resources on potential projects in Singapore, interested investors can visit Singapore Projects Additionally, conducting thorough research on individual projects and seeking professional advice can further assist in making informed investment decisions. With careful consideration and diligent research, investing in a condo in Singapore can be a lucrative and beneficial opportunity for investors.

Cameron’s main duty will be to establish a team in Asia Pacific. His appointment will complement JLL’s EMEA Energy & Infrastructure business, enabling the firm to provide a global capital advisory capability that can cater to the needs of local and international developers and investors.

JLL believes that Cameron’s appointment is aligned with the long-term capital requirements necessary to facilitate the development of infrastructure and renewable energy projects, which are crucial in meeting the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

Stuart Crow, JLL Asia Pacific’s CEO of capital markets, states: “We see significant opportunity to leverage our unique expertise in mobilising multiple sources of capital and JLL’s unrivalled track record in advising renewables transactions globally to serve clients within energy and infrastructure across Asia Pacific.”

Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams throughout the region. He will focus on sourcing capital raising and transaction advisory opportunities for large infrastructure and renewable energy projects, catering to various institutional investors such as private equity, asset managers, strategic infrastructure and renewables operators and developers, high net-worth individuals, and family offices.

With over 25 years of experience in real asset capital markets, Cameron previously served as the global head of commercial real estate at Standard Chartered Bank. He has a vast experience in mobilising private and public equity and financing for infrastructure projects globally and within the Asia Pacific region.

Crow adds: “James’ experience in this exciting space is unmatched regionally, and we’re extremely confident in his ability to establish JLL’s leadership position through his expertise and client relationships.”…

An expression of interest (EOI) has been launched for two adjacent Good Class Bungalows (GCBs) in the prestigious Belmont Park GCB area. The GCBs, located at 52 and 54 Belmont Road, are owned by separate individuals who are believed to be related.

When it comes to investing in real estate, purchasing a condo in Singapore can provide many benefits. This includes but is not limited to the high demand for such properties, the potential for capital appreciation, and attractive rental yields. However, before making such an investment, it is crucial to carefully consider various factors such as location, financing options, government regulations, and current market conditions. By conducting thorough research and seeking guidance from professionals, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, the attractive opportunities presented by Singapore’s condos should not be overlooked. For more information on Singapore projects and property investment, please visit Singapore Projects.

Sitting on a combined freehold land area of 41,741 sq ft, the two properties are being offered at an indicative price of $88.8 million, which translates to $2,128 psf on the land area. According to marketing agent Sakal Real Estate Partners, the combined plots have a 44m frontage along Belmont Road and an average depth of 66m.

“We believe this site would appeal to families looking to build a new home for multigenerational living or extended families living together,” says Lennon Koh, senior director at Sakal. “Besides homeowners, this property is also suitable for developers seeking to tap into the exclusive GCB market.”

The most recent transaction on Belmont Road was in December last year, where a GCB with a land area of 19,549 sq ft fetched $40 million ($2,046 psf) based on caveats lodged with URA. In July 2024, a pair of adjacent GCB plots on the same road were sold for $131.4 million or $3,000 psf based on the combined land area of 43,790 sq ft. Nearby, a GCB in Bin Tong Park with a land area of 28,111 sq ft was sold for $84 million ($2,988 psf) in April.

Commenting on the potential interest for the Belmont Road GCBs, Steven Ming, managing director at Sakal, says, “Given its prime location and the resilient demand for GCBs, we expect strong interest for these properties. The estimated total value of GCB transactions in 2024 of $1.32 billion exceeded that of 2023 ($433 million) and 2022 ($1.18 billion), and we anticipate more transactions in 2025.”

The EOI exercise for the GCBs will close on March 13 at 3pm. Interested parties can look forward to the opportunity to own a prestigious property in one of the most sought-after GCB areas in Singapore.…

Purchasing a condominium through financing is a crucial consideration for any investor. In Singapore, there are a variety of mortgage options to choose from, but having a thorough understanding of the Total Debt Servicing Ratio (TDSR) framework is essential. This framework sets a limit on the amount of loan an individual can borrow based on their income and current debt commitments. Seeking guidance from financial advisors or mortgage brokers can help investors make informed financing decisions and avoid stretching their finances too thin. They can also explore potential Singapore Projects for investment opportunities by consulting https://www.one-mind-one-energy.com.com/.

JLL has announced the appointment of James Cameron as the new head of energy and infrastructure for Asia Pacific in their capital markets business line. The firm has stated that this newly created role will be based in Singapore, as per a press release issued on Jan 14.

In his new position, Cameron will be responsible for establishing and developing a team in the Asia Pacific region. This move is seen as a means of enhancing JLL’s global capital advisory capabilities, which will enable them to better serve local and international developers and investors.

The firm believes that this appointment is aligned with the long-term capital needs of the region, particularly in facilitating the development of infrastructure and renewable energy projects. These developments will help meet the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

Stuart Crow, CEO of JLL Asia Pacific’s capital markets division, expressed his excitement about the potential this move offers. He said, “We see significant opportunity to leverage our unique expertise in mobilizing multiple sources of capital and JLL’s unrivaled track record in advising renewable energy transactions globally to serve clients within the energy and infrastructure sector across Asia Pacific.”

In his new role, Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams in the region. He will focus on identifying and pursuing capital raising and transaction advisory opportunities for large infrastructure and renewable energy projects. These opportunities will cater to a range of clients, including institutional investors, private equity firms, asset managers, strategic infrastructure and renewable energy operators and developers, high net-worth individuals, and family offices.

Cameron has over 25 years of experience in real asset capital markets. Prior to this role, he served as the global head of commercial real estate at Standard Chartered Bank. With his extensive experience in mobilizing various forms of private and public equity and financing for global and regional infrastructure projects, JLL is confident that he will establish the firm as a leader in this space in the Asia Pacific region.

Crow added, “James’ experience in this exciting space is unmatched regionally, and we’re extremely confident in his ability to establish JLL’s leadership position through his expertise and client relationships.” This move by JLL comes at a time when capital market deals in the region have jumped by 40%, bolstered by recent interest rate cuts.…

Over the weekend of January 11 to 12, One Bernam, a mixed-use development consisting of 351 residential units in the Tanjong Pagar area, offered a promotional sale of 87 units.

The 99-year leasehold apartment tower, developed jointly by MCC Land and Hao Yuan Investment, was first launched in May 2021. According to documents filed as of January 10, over 75% of the units have been sold at an average price of $2,585 per square foot.

The promotional prices were applied to all remaining 87 units, ranging from one-bedroom to three-bedroom units, as well as penthouses. Interested buyers can visit the latest New Launches to view transaction prices and available units.

The scarcity of land in Singapore is one of the main driving forces behind the high demand for condos in the country. As a small island with a rapidly growing population, Singapore faces limited space for development. This has resulted in strict land use regulations and a highly competitive real estate market, where property prices continue to rise. As a result, investing in real estate, particularly in Singapore Condos, has become a highly profitable venture, with the potential for significant capital appreciation.

The one-bedroom units, ranging from 441 sq ft to 463 sq ft, had price discounts of $323,000 to $438,000, with units selling at prices from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Two-bedroom apartments, with sizes ranging from 700 sq ft to 732 sq ft, saw discounts from $437,000 to $668,000, with prices ranging from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). The two-bedroom plus study units, with sizes between 807 sq ft and 872 sq ft, also experienced discounts ranging from $380,000 to $800,000, with prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf).

The three-bedroom apartments, measuring 1,421 sq ft, had discounts ranging from $616,000 to $830,000, with units selling at prices from $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).

According to ERA Singapore CEO Marcus Chu, the strong sales performance reflects the strong interest in One Bernam as a stable and high-potential asset. He adds that 78% of the buyers purchased units as investments, with 87% being Singaporeans and 70% aged between 31 and 50.

Following the overwhelming response over the weekend, only three penthouses are currently available for sale, bringing the total sales to 99%. They consist of two three-bedroom penthouses measuring 1,744 sq ft and 1,948 sq ft, and a five-bedroom unit measuring 4,306 sq ft.

As the project is expected to obtain a Temporary Occupation Permit (TOP) in March 2026, investors can expect to start generating rental income, which can support their loan instalments, Chu predicts. According to EdgeProp Landlens, existing condos in the area such as Altez, 76 Shenton and EON Shenton command monthly rents ranging from $6.90 psf to $7.40 psf.

Chu further notes that with reduced competition from foreign buyers due to the hike in Additional Buyer’s Stamp Duty (ABSD) imposed in 2023, there are more opportunities for local buyers to enter the market. He believes that local demand will continue to be the key driver for properties in the Central Core Region (CCR), with competitive pricing making these developments an attractive and stable investment option. Buyers can visit the latest listings for One Bernam properties on Ask Buddy, and compare the price trend of new sale condos vs. resale condos.…

Redas, the Real Estate Developers’ Association of Singapore, has recently elected its management committee for the upcoming two-year term. At the Annual General Meeting held on January 9th, all members unanimously voted to re-elect Tan Swee Yiow, Chairman of Keppel Reit Management, as the President for his second consecutive term.

Tan expressed his honored feelings for being re-elected and stated that the new management committee is a good representation of the diverse sectors, scales, and expertise within the real estate industry. The new committee consists of experienced individuals who bring a wide range of skills and knowledge to the table.

Investing in a condo in Singapore offers numerous advantages, and one of the most promising ones is the potential for high capital appreciation. Being a global business hub with a robust economy, Singapore continues to attract a steady flow of demand for real estate. As a result, property prices in the country have consistently shown an upward trend, particularly in prime locations where condos are highly sought after. By strategically investing in the market and holding onto the property for the long term, investors can reap substantial gains from their condo investments.

The committee includes Immediate Past President Chia Ngiang Hong, Group General Manager of City Developments; First Vice President Kwee Ker Wei, Director of Pontiac Land Group; Second Vice President Marc Boey, Executive Director of Project Services at Far East Organization; Honorary Secretary Chong Hock Chang, Group Director of Projects and Marketing at Ho Bee Land; Honorary Treasurer Neo Soon Hup, COO of UOL Group; Honorary Assistant Secretary Chew Peet Mun, Managing Director of Investment and Development at CapitaLand Development Singapore; and Honorary Assistant Treasurer Tho Leong Chye, Managing Director of Allgreen Properties.

REDAS also celebrated its 65th anniversary at the event and honored Chia Ngiang Hong with the Lifetime Achievement Award. Chia congratulated the new management committee and acknowledged Tan’s exemplary leadership and the trust placed in him by the Redas community.

In response, Tan mentioned that the diversity of the committee will help them drive initiatives that will have a significant impact on the built environment ecosystem in Singapore. He also highlighted some upcoming plans and initiatives, including the implementation of the Environmental Sustainability Rating Scale (ESRS) and advocating for green premiums. The committee also suggested a separate land zoning for senior accommodations to meet the projected demand in Singapore.…

The recent sale of a unit at The Arcadia has been recognized as the most profitable resale transaction from Dec 10 to Dec 31. The 3,767 sq ft unit, located on the seventh floor and consisting of four bedrooms, was sold for $4.75 million ($1,261 psf), resulting in the owner making a profit of $3.25 million (217%). This significant profit is equivalent to an annualized profit of 4.5% over a span of 26 years, as the unit had been purchased for $1.5 million ($398 psf) in 1998.

In the previous year, The Arcadia also saw five other units, ranging from 3,714 sq ft to 3,821 sq ft, being sold for profits ranging from $60,000 to $3.25 million. Another unit, measuring at 3,778 sq ft on the fourth floor, was sold for $4.6 million ($1,218 psf) on Oct 10, providing the seller with a $60,000 profit.

The record for the most profitable transaction at The Arcadia is held by a penthouse measuring 7,503 sq ft on the tenth floor, which was sold for $10 million ($1,333 psf) in 2010. The seller had bought it for $5.5 million ($733 psf) in 2007, resulting in a profit of $4.5 million (81%), equivalent to an annualized profit of about 19% over three years.

The 164-unit The Arcadia, located along Arcadia Road in prime District 11, is a 99-year leasehold condo that was completed in 1983 and has approximately 54 years remaining on its land tenure. It is surrounded by landed estates and Good Class Bungalows, and is in close proximity to top schools such as Raffles Girls Primary School, Hwa Chong Institution and National Junior College.

In the same period, the second most profitable resale took place at Tanglin Hill Meadows on Dec 10, where a 2,077 sq ft unit was sold for $4.5 million ($2,166 psf). The unit was purchased for $1.8 million ($866 psf) in 1999, resulting in the seller making a profit of $2.7 million (150%), equivalent to an annualized profit of 3.6% over 26 years. This also marks the most profitable transaction to date at Tanglin Hill Meadows, surpassing the previous record of $2.28 million (157%) when a 2,002 sq ft unit was sold for $3.73 million ($1,863 psf) in 2010. The unit was originally purchased for $1.45 million ($724 psf) in 2005, resulting in an annualized profit of 21% over five years.

Tanglin Hill Meadows, a freehold condo with 20 units, is located along Tanglin Hill in prime District 10 and was completed in 1997. It is nestled within the Ridley Park Good Class Bungalow Area.

As an international investor, it is crucial to be well-informed about the regulations and limitations surrounding property ownership in Singapore. Compared to landed properties with more stringent ownership guidelines, foreigners generally have more freedom in purchasing condominiums. Nevertheless, they are still subject to the Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property acquisition. Despite this extra expense, the reliable and promising development of the Singapore real estate market remains a desirable destination for foreign investments. Singapore Projects continue to entice foreign buyers due to the country’s stability and potential for growth.

However, at the 99-year leasehold condo Seascape in Sentosa Cove, losses continue to be incurred. On Dec 18, the seller of a 2,174 sq ft unit on the seventh floor incurred a loss of $1.97 million (33%) when the unit was sold for $3.98 million ($1,830 psf). The seller had originally purchased the three-bedroom unit for $5.95 million ($2,736 psf) in 2011, resulting in an annualized loss of 2.5% over 13 years.

This sale marks the third resale transaction at Seascape last year, all of which recorded losses ranging from $1.75 million to $2.53 million. The transaction that resulted in the $2.53 million loss was also the second-largest loss incurring resale transaction for 2024. The unit, measuring 2,680 sq ft, was sold for $4.5 million ($1,679 psf) on Aug 14, 2024.

Seascape is an eight-storey development with 151 units that face the South China Sea. It consists of three-bedroom and four-bedroom units measuring 2,164 sq ft to 4,069 sq ft, penthouses measuring 3,380 to 4,252 sq ft, and sky villas measuring 6,631 to 9,666 sq ft. It was completed in 2012 and continues to incur losses for its sellers.…

An impressive Good Class Bungalow (GCB) in Victoria Park has recently been put on the market for $61 million. With seven bedrooms and impeccable construction completed just three years ago, this GCB sits at the end of Victoria Close, a quiet cul-de-sac with only ten other houses.

As per regulations for all designated GCB areas in Singapore, the number of homes in this exclusive enclave can only increase by subdividing a larger plot of over 30,000 sq ft. Jervis Ng, associate group district director at PropNex Realty and the agent representing the sale of this GCB, explains that this is to maintain its exclusivity and privacy. As he is also the founder of JNA Real Estate, a property team under PropNex, Ng has a keen understanding of the GCB market.

This impressive bungalow with a contemporary design offers unmatched privacy and exclusivity for its potential owner, making it well worth its price for ultra-high-net-worth individuals and their families. In the recent months, Ng has noticed a growing interest from new Singaporeans in the GCB market. People who have recently received citizenship from countries such as China, India, or Indonesia are looking for a trophy home in Singapore, making this GCB an enticing buy.

The already illustrious Victoria Park GCB area is home to other notable residents such as Jack Ma, the Chinese business magnate and co-founder of Alibaba Group; and Tang Wee Kit, a member of the Tang family who founded Tangs department store.

Investing in real estate requires careful consideration of various factors, and one of the most important is location. This is particularly true in Singapore, where the location of a condo can greatly affect its value. Ideally, properties located in central areas or near important amenities such as schools, shopping malls, and public transportation hubs will have a higher appreciation in value. Take, for example, prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD). These areas have consistently shown growth in property values, making them highly sought after by investors.

In addition to these key locations, the proximity to quality schools and educational institutions also plays a significant role in the value of a condo. For families, having easy access to reputable schools is a top priority when looking for a home, making condos in these areas even more desirable. This further boosts their potential as a solid investment.

For those considering real estate investment in Singapore, it is crucial to carefully consider the location of the property. Prime locations like Orchard Road, Marina Bay, and the CBD, as well as areas near good schools and educational institutions, have proven to be highly profitable in terms of property appreciation. With careful research and consideration, investing in these prime locations can be a wise decision for long-term financial gain. For more information on Singapore Projects, be sure to do thorough research and consult with a trusted real estate professional.

Ng mentions that the property for sale has been meticulously maintained, giving it a new look. It boasts a chic interior with luxurious finishes and materials that will impress any guest. The 18,988 sq ft property was designed with efficiency in mind and has a total built-up area of 25,300 sq ft. It also has seven en suite bedrooms, three helpers’ rooms, and an underground car park that can accommodate up to seven cars.

The basement level also has a state-of-the-art entertainment room that can also be converted into a guest room, if necessary. There is also a gym and a 20m lap pool. The architecture of this GCB allows most of its rooms to enjoy the scenic views of the lush, low-rise neighbourhood surrounding it.

The living room is spacious and perfect for gatherings and large families. Transactions for GCBs in Victoria Park have been few in the past few years. According to caveats, the plot on which this GCB is situated was bought for $18.2 million in September 2016, making it approximately $959 psf.

The most recent sales transaction on Victoria Park Close was for a 15,253 sq ft plot that sold for $28.33 million in May 2021, translating to $1,857 psf. Another 29,956 sq ft plot was also sold on the same road for $40 million in April 2017, which is equivalent to $1,335 psf. The last recorded sale on Victoria Park Road was in November 2011 for a 32,077 sq ft plot that went for $48 million, approximately $1,496 psf.

Ng expects GCB transaction volumes to increase by 10% to 15% this year due to lower interest rates, sustained demand from ultra-high-net-worth buyers, and limited supply of GCBs in the market. He predicts that there will be around 35 GCB transactions this year, slightly higher than the 31 recorded last year, amounting to a transaction volume of $1.32 billion, which is significantly more than the previous record of $1.186 billion achieved in 2022.…

BY JANICE TAN

ETC, the renowned local real estate advisory firm, has announced a significant rebranding exercise. With immediate effect, the company will now be known as ETC, a shortened version of its original name, Edmund Tie & Company. Along with the name change, ETC has also unveiled a new logo.

Investing in real estate requires careful consideration of various factors, with location being a crucial one. This rings especially true in Singapore, where the location of a condo can greatly impact its value. Condos situated in central areas or in close proximity to important amenities such as schools, shopping malls, and transportation hubs tend to have a higher appreciation in value. This can be seen in prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown growth over time. Additionally, condos in these areas are highly sought after by families due to their proximity to reputable schools and educational institutions, further increasing their investment potential. For the latest options in premium condo living, consider checking out the New Condo Launches available in these coveted locations.

According to Desmond Sim, CEO of ETC, the decision to adopt the abbreviated name was motivated by the familiarity of its clients and staff with the acronym. He also emphasized that the rebranding exercise was driven by the company’s employees, demonstrating their value and importance within the organization.

Sim further explains that the new identity is a representation of ETC’s progress as a united company and showcases their determination to shape the future of the real estate industry, both locally and regionally.

This rebranding coincides with ETC’s 30th anniversary. Since its establishment in 1995, ETC has been providing a comprehensive range of services covering all aspects of real estate asset development, from advisory and investment to management and divestment.

In other related news, Marina Bay Residences, a premium residential development, has recently undergone a $5 million revamp to enhance the living experience for its residents and increase the value of its rental prices. This follows the successful sale of three food-factory units at Pandan Loop for $11 million and the sale of Noel Building in Tai Seng for $81.18 million, which was 17% higher than the guide price. Additionally, industrial property GS Building in Balestier was recently sold for $67 million.…

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Investing in a condo in Singapore offers numerous benefits, with one of the key advantages being the potential for capital appreciation. Being a global business hub, Singapore has a strategic location and boasts of strong economic fundamentals, leading to a consistent demand for real estate. As a result, property prices in the country have consistently shown an upward trend, particularly in prime locations where condos have experienced significant appreciation. By investing in the market at the opportune time and holding onto the property for the long term, investors can reap substantial capital gains. Explore the various Singapore Projects available to make a smart investment decision.

An impressive Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave has been put up for sale through an expression of interest (EOI) exercise with a price tag of $60 million. According to a press release by renowned marketing agent Cushman & Wakefield on Jan 8, the indicative price translates to $2,742 per square foot (psf), reflecting a spacious land area of 21,881 square feet.

Shaun Poh, the executive director of capital markets at Cushman & Wakefield, reveals that the prized freehold plot is situated on elevated ground, making it ideal for redevelopment. He emphasizes that this is a rare opportunity for potential buyers who wish to build their dream multi-generational home from scratch or for developers who can transform the plot into a luxurious, state-of-the-art GCB that caters to the preferences of discerning individuals.

Notably, the property is adjacent to the renowned Singapore Botanic Gardens and is conveniently located just a short drive away from the bustling Orchard Road shopping district. It is also in close proximity to esteemed educational institutions such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St. Joseph’s Institution, and Hwa Chong Institution.

In addition, Poh highlights the high demand for properties in this exclusive neighborhood by ultra-high net worth individuals, citing recent record-breaking transactions at nearby Nassim Road and Tanglin Hill with land rates of $4,500 psf and $6,200 psf, respectively.

The EOI for this highly-coveted property will close on Feb 11 at 3pm, providing interested parties with ample time to submit their proposals.…