Month: February 2025

Mandarin Gardens in Siglap, District 154.88 million700674 https://www.edgeprop.sg/property-news/mandarin-gardens-recorded-most-profitable-condo-resale-transaction-during-feb-7-feb-14

Mandarin Gardens in Siglap, District 15, continues to prove its popularity in the resale market, with the most profitable condo resale transaction recorded between Feb 7 to Feb 14.

A 3,800 sq ft, four-bedroom unit at the development fetched $4.88 million, or $1,284 psf, on Feb 11. The sale resulted in a profit of $3.83 million for the seller, or 364.8% of their original purchase price. This translates to an annualised capital gain of 7.4% over 21½ years.

Mandarin Gardens spans 17 blocks, ranging from nine to 23-storeys tall along Siglap Road in District 15 (Photo: Samuel Issac Chua / EdgeProp Singapore)

The record breaking sale surpasses the previous record of $2.7 million profit recorded for a 3,068 sq ft four-bedroom unit at the condo.

Mandarin Gardens is a 99-year leasehold development located along Siglap Road in District 15. It spans 1.07 …

During the period of Feb 7 to 16, a two-bedroom unit at Hill House achieved a new record price of $3,398 psf for a private condo. The 452 sq ft unit on the eighth floor was sold by the developer for $1.54 million on Feb 16, beating the previous peak of $3,378 psf set on Feb 11.

Breaking records, the two-bedroom unit at Hill House sold for the highest per square foot (psf) price amongst private condos from Feb 7 to 16. The 452 sq ft unit on the eighth floor reached an all-time high of $3,398 psf, purchased by the developer for $1.54 million on Feb 16. This transaction narrowly surpasses the previous peak of $3,378 psf set on Feb 11, when the same unit type on the same floor was sold for $1.53 million. Hill House, a 72-unit development at the top of Institution Hill, off River Valley …

Chiu Teng Group, known for their quality commercial and industrial developments in Singapore, has recently launched their newest project – CT Pemimpin. This freehold development is sure to excite property investors and business owners looking for a valuable asset in land-scarce Singapore.

Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory with 56 strata-titled units and three canteen units. These units have floor heights ranging from 5.6m to 7.35m, with mezzanine floors available on levels one and five. This modern facility is designed to cater to various businesses, making it a highly sought-after property in the market.

What makes CT Pemimpin stand out is its rare freehold status. In today’s market where most industrial developments are limited to a 30-year or 60-year lease, CT Pemimpin offers investors a valuable opportunity to own a property with unlimited tenure. Additionally, buyers of commercial and …

ERA’s upcoming auction on Feb 27 will feature a pair of retail units located on the third floor of Sim Lim Square. The total guide price for the units is set at $3.38 million.

One of the units is a 958 sq ft space with a guide price of $2.08 million ($2,171 psf), while the smaller unit measures 570 sq ft and has a guide price of $1.28 million ($2,246 psf). This is the first time these units are being listed for auction by ERA.

The units can be purchased together or individually. According to Alison Lee, assistant vice president of auction and sales at ERA, the units are competitively priced and are slightly below the market average to encourage a faster sale.

Based on EdgeProp Singapore’s analytical tools, the average selling price for retail units at Sim Lim Square over the past 12 months is $2,997 psf. The most …

from $2.1 mil on June 30, 2021

A retired man named Mr. Chong recently provided financial assistance to his three sons as they were setting up their own homes. While his eldest son purchased a private condo, his two younger sons opted to purchase executive condos (ECs). According to Mr. Chong, buying an EC at a new launch is a no-brainer and even buying shortly after the five-year MOP (minimum occupation period) is a good deal.

Mr. Chong has experienced both scenarios as his second son had bought a three-bedroom unit at the 531-unit Hundred Palms Residences during its launch in July 2017. He wanted a four-bedroom unit, but they were all quickly snapped up. The project, developed by Hoi Hup Realty, received 2,000 e-applications and was sold out on the first day at an average price of $841 psf. The EC, located on Yio Chu Kang Road, was completed …

By Rebecca Rachel WongData from C9 Hotelworks, a hospitality consultancy based in Asia, has shown that the branded residential market in Asia has reached a record high of US$26.6 billion ($35.5 billion), with over 68,000 luxury units now available.

According to C9 Hotelworks’ data, Vietnam is currently leading Asia in the number of branded residential units with 17,680 units spread across 59 properties. The average price of a branded residential unit in Vietnam is about US$350 per square foot (psf). Trailing behind Vietnam is Thailand with 16,271 units across 65 properties, where the average price of a branded residential unit is about US$510 psf. The Philippines follows closely with 13,276 units across 46 properties, with luxury properties here selling at an average price of US$400 psf.

However, in Singapore, branded residences command the highest prices in the region, with an average of US$2,140 psf. This is followed by Japan, where …

A joint venture between Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand has made headlines with the signing of the first Johor-Singapore Special Economic Zone (JS-SEZ) MOU between private companies from the two countries. In a statement released on Feb 27, the two companies announced their plans to jointly develop UEM Sunrise’s freehold landbank in Iskandar Puteri, Johor, with the aim of stimulating growth within the JS-SEZ. This important milestone was marked with the opening of UEM Sunrise Gallery Iskandar Puteri, which showcases the developer’s vision for the area.

Iskandar Puteri, which is part of Flagship Zone B of the JS-SEZ, is a thriving hub that specializes in various sectors such as manufacturing, business services, education, health, and tourism. If you’re looking to invest in overseas properties, there are plenty of projects available for sale all over the world. The partnership between UEM Sunrise and GuocoLand is expected to cover …

In spite of Chinese New Year festivities, a number of notable resale transactions were closed between Jan 28 and Feb 4. The most lucrative of these deals involved the sale of a 3,983 sq ft unit at Palisades condominium, which was sold for $4 million ($1,004 psf) on Feb 4. The seller had previously purchased the unit for $1.7 million ($427 psf) in August 2009, resulting in a profit of $2.3 million (135%) and an annualised gain of 5.7% over 15.5 years. This makes it the most profitable resale transaction at Palisades to date, surpassing the previous record set in 2018 when a unit was sold for $3.4 million ($1,032 psf).

Over the past three years, there have only been five resale transactions at Palisades, all of which have been profitable. The second most profitable resale during the period of review took place at Ardmore II, where a four-bedroom unit …

Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have recently inked a crucial Memorandum of Understanding (MOU) between private companies from both countries. The MOU signing marks the first collaboration between Malaysia and Singapore private companies in the Johor-Singapore Special Economic Zone (JS-SEZ), as stated in a press release on Feb 27.

As per the MOU, UEM Sunrise and GuocoLand will work together to develop UEM Sunrise’s selected freehold land in Iskandar Puteri, Johor in order to accelerate the growth in JS-SEZ. The signing ceremony took place during the grand opening of UEM Sunrise Gallery Iskandar Puteri, a showcase of the developer’s vision for Iskandar Puteri.

Flagship Zone B of the JS-SEZ, Iskandar Puteri is a specialized area that caters to various sectors including manufacturing, business services, education, health, and tourism. This strategic partnership aims to maximize the potential of Iskandar Puteri and make it a more attractive destination for …

Frasers Property has teamed up with two leading Chinese real estate companies to jointly acquire a residential site in Shanghai’s Songjiang District. The acquisition, valued at RMB815.2 million ($151.9 million), was made through a successful tender bid to the Shanghai Municipal Bureau of Planning and Natural Resources.

The joint venture partners include Xiamen ITG Real Estate Group, a subsidiary of state-owned enterprise ITG Holding Group under the Xiamen Municipal Government, and Shanghai-listed Gemdale Corporation. The partnership was officially announced in a press release on February 26.

According to Frasers Property, the JV partners plan to develop the site into a mix of 189 low-rise apartments, townhouses, and duplex units, with a total gross floor area of 334,714 sq ft. The project will also feature innovative design elements such as flood mitigation, ultra-low energy building designs, and energy-saving door and window systems.

The developers have identified the project as a prime …