Month: August 2025

In July, developer Kheng Leong Co, the private property arm of the late billionaire banker Wee Cho Yaw’s family, achieved new sales at its freehold luxury condo 21 Anderson. According to records from URA Realis, two units were sold during this period.

One of the units sold was a 10,452 sq ft duplex penthouse that occupies the ninth and 10th floors of the prime District 10 development along Anderson Road. The purchase price was $52.25 million, which translates to $4,999 per square foot.

This sale marked the highest achieved at 21 Anderson since the project was launched in April. It also set a new record for the highest price for a penthouse in Singapore since October 2020, when billionaire Leo Kuo Guan paid $62 million ($2,937 psf) for the 21,108 sq ft triplex penthouse at the 99-year leasehold Wallich Residence on the 62nd to 64th floors of Guoco Tower, Singapore’s …

According to research conducted by PropNex, the shophouse market experienced a relatively subdued performance in the last quarter, with only 18 shophouse transactions recorded in 2Q2025 based on caveats lodged. This represents a 10% decrease from the 20 deals recorded in the previous quarter and a 14.3% decline from the 21 deals in the same quarter last year.

The decline in shophouse transactions can be attributed to a continued mismatch in price expectations between buyers and sellers, as noted by PropNex. Additionally, the announcement of sweeping trade tariffs by the US in April and the escalating conflict in the Middle East have further contributed to market uncertainties.

The 18 shophouses sold in 2Q2025 had a total sale value of $127 million, which is a 6.6% increase from the previous quarter but a 35% decrease from the same quarter last year.

However, PropNex also highlights that the actual shophouse sales in …

Canberra Crescent Residences, a 99-year leasehold condominium in Sembawang, was officially launched by joint developers Keng Leong Co. and Low Keng Huat on August 2. The private condo has already achieved an impressive sales figure of 150 out of 376 units, representing a 40% take-up rate. The average price of the units sold was $1,974 per square foot.

According to Wee Teng Yuan, deputy director of Kheng Leong Co., the project has received a positive response from buyers. “We are pleased with the average price of around $1,974 psf at Canberra Crescent Residences, which is very attractive compared to recent transacted prices of new mass market homes,” he said.

Statistics from PropNex Research show that the average unit price of new non-landed private homes sold in the Outside Central Region (OCR) was over $2,300 psf from January to July 2025, based on caveats lodged to date.

The most popular types …

Located in District 3, Promenade Peak is a 99-year leasehold residential development by Allgreen Properties. Since its launch on August 1, more than half of the 596 units have been sold, with an average price of $3,343 psf for the premium three- to five-bedroom units with private lift. The developer has expressed confidence in the project’s premium offering and prime city-fringe location, and has seen a clear preference for larger units. 90% of the buyers are Singaporeans, followed by PRs and foreign purchasers. The project is expected to boost sales in the Rest of Central Region (RCR) for the upcoming quarter. Located at 1 Zion Promenade, the development is a two-minute walk to Great World MRT and is close to Zion Road Food Market. It is also near River Valley Primary School and popular spots such as the CBD, Orchard Road, and Dempsey Hill. Set to stand at 63 storeys …

July 9 to 16 (The article is about Parc Clematis, which reached a new psf-price peak during the week of July 11 to 18. A three-bedroom unit on the 19th floor was sold for $2.69 million, surpassing the previous high of $2.490 set in June. It also includes information about two other condo developments that achieved new psf-price highs.)Parc Clematis, located along Jalan Lempeng in Clementi, has been making headlines in the property market for setting new price highs. The development, which is a 99-year leasehold mega condo, topped the list of private non-landed properties to reach a new psf-price peak during the week of July 11 to 18. This record-breaking sale of a 1,044 sq ft, three-bedroom unit on the 19th floor was transacted for a whopping $2.69 million on July 14. This translates to a psf price of $2,575, surpassing the previous high of $2,490 set in June …

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Investing in a condominium requires careful consideration of financing options. In Singapore, there are various mortgage choices available to investors. However, it is crucial to have a good understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take, taking into account their income and current debt obligations. It is imperative for investors to comprehend the TDSR and seek guidance from financial advisors or mortgage brokers when making financing decisions. This will allow them to avoid over-leveraging and make informed choices regarding their investments in a Singapore Condo.

Tong Eng Group, a private property developer and investment firm owned by the Teo family, has recently put up more than 50 strata-titled office units and nine retail units for sale at ARC 380, a prominent freehold commercial building located at the junction of Lavender Street and …

The recent sale of a 2,454 sq ft unit at Mount Faber Lodge made headlines as the most profitable resale transaction in the week of July 15 to 22. The three-bedroom, ground floor unit was sold for $4 million ($1,633 psf) on July 15, earning the seller a whopping profit of $2.9 million (264%). This translates to an annualised profit of 4.9% over 27 years, as the unit was previously purchased for $1.1 million ($448 psf) in May 1998.

This sale at Mount Faber Lodge is the second most profitable deal at the freehold condo to date. The record sale took place on Feb 5 when a 3,703 sq ft unit on the seventh floor was sold for $5 million ($1,350 psf). The unit was bought for $1.59 million ($432 psf) in August 2001, resulting in a record profit of $3.39 million (212%). This translates to an annualised profit of …