Private home sales in February showed no signs of slowing down, as fresh launches continued to drive strong momentum. According to data released by URA on March 17, developers sold 1,575 units last month (excluding executive condos), marking a 45.4% surge from January’s 1,083 units.

On a year-on-year basis, February new home sales were over 10 times higher than the 153 units sold in February 2024. This is also the highest February figure in 13 years, since 2,417 units were sold in February 2012, says Tricia Song, CBRE’s head of research for Singapore and Southeast Asia. Including ECs, new home sales reached 1,604 units, up 45.3% from January.

Developers have now sold a total of 2,658 units (excluding ECs) since the start of the year. In comparison, it took them eight months to reach this figure last year, observes Leonard Tay, head of research at Knight Frank Singapore.

February’s strong …

A collection of twenty historic bungalows in Sembawang has been put up for tender by the Singapore Land Authority (SLA). The properties are open for a five-year lease, with an option to extend for an additional four years.

The two-storey bungalows, which were built in the 1920s and 1930s, are situated along Admiralty Road East, Falkland Road, Auckland Road West, and Fiji Road. Spanning approximately 245,300 square feet in total, the bungalows have an estimated gross floor area of 94,945 square feet.

These bungalows are zoned for serviced apartment use and can also accommodate multi-generational and senior co-living concepts. F&B and retail businesses are also permitted, as long as they do not exceed a GFA of 9,580 square feet. The minimum stay for a serviced apartment is one week.

The evaluation of tender bids will take into account both the price and quality of the proposals. Interested parties can submit …

CapitaLand Integrated Commercial Trust (CICT) has announced changes to its board composition, with Tan Choon Siang appointed as the new CEO and current CEO Tony Tan taking on the role of CCO at CapitaLand Development. These changes were revealed in a bourse filing on March 17.

Effective May 1, 2025, Tan Choon Siang, who currently serves as Deputy CEO, will assume the position of CEO and Executive Non-Independent Director of CICT. He will also become a member of the company’s executive committee (EC).

In light of this, current CEO Tony Tan will step down as an Executive Non-Independent Director and a member of the EC. Instead, he will become the Chief Corporate Officer of CapitaLand Development. Tan has been at the helm of CICT since 2017, when he was appointed as CEO and Executive Director.

Under Tan’s leadership, CICT oversaw the successful merger of CapitaLand Mall Trust and CapitaLand Commercial …

Keppel, a homegrown global asset manager and operator, has announced their plans to focus on other brownfield redevelopment projects after the completion of Keppel South Central, according to Samuel Ng, President of Keppel’s real estate division in Singapore. Ng adds: “The redevelopment of Keppel South Central is our crowning achievement.” He is referring to the former Keppel Towers, a 27-storey office tower completed in 1991, and Keppel Towers 2 (formerly known as GE Tower), a 13-storey building completed in 1993.Keppel has announced the completion of their flagship 33-storey commercial tower, Keppel South Central, last month. Situated along Hoe Chiang Road in Tanjong Pagar, the building boasts about 650,000 square feet of office, retail, and event space. The usual office floor plates range from 20,000 to 22,000 square feet, with a ceiling height of 3.2 meters. Read also: Hotel Clover at Hongkong St on sale for $27 million; Hongkong St commercial …

March 15, 2020Selling at a guide price of $3.65 million, a 99-year leasehold semi-detached house on Kew Heights in District 16 is set to make its auction debut on March 15. The three-storey property occupies a 3,034 sq ft corner plot, boasting a land rate of $1,203 psf.The house, which has a total floor area of 4,436 sq ft, comes with vacant possession. It features a living hall with a double-volume ceiling, an adjoining dining area, a kitchen, a helper’s room, and six bedrooms on the upper two levels. There is also a family area and a storeroom in the house, as well as a car porch and backyard area.According to Mok Sze Sze, managing partner of auctions and sales at SRI, potential buyers may have the opportunity to convert some of the open areas into additional bedrooms, making the property ideal for extended or multi-generational families. She also notes …

over the week of Feb 25 to March 4, a penthouse at The Trizon, a 289-unit condo on Ridgewood Close, was sold for a record profit of $3.2 million. The 5,737 sq ft unit on the 23rd floor fetched $9.76 million ($1,701 psf) whereas it was bought in March 2016 for $6.55 million ($1,142 psf). This resulted in an annualised gain of 4.5% over nine years, making it the most profitable resale transaction at The Trizon to date. The previous record was set in August 2023 when another penthouse unit at The Trizon fetched $11 million ($1,553 psf). The unit had been bought for $7.1 million ($1,002 psf) in November 2019, thus earning the seller a whopping $3.9 million profit (55%), translating to an annualised profit of 12% over close to four years.The Trizon is a popular freehold development in prime District 10, and its prime location near the Mount …

MaximiseReturns with PropertyWealthPlanningBuySellRentInvestCommercialMust-reads27 Feb, 2022 3:00 AMLuxury property sales surge to 11-year high, with most transactions in the prime districts27 Feb, 2022 3:00 AMNew private home sales hit 10-year high in Feb 202227 Feb, 2022 9:00 AMNew private home sales hit 10-year high in Feb 2021 APARTMENT* A luxurious two-bedroom apartment in The Esta has claimed the top spot of private condos that achieved a new psf-price high between Feb 21-28. The freehold development reached a new price peak of $2,377 psf after a 1,001 sq ft unit sold for $2.38 million on Feb 26. The sellers had bought the unit for about $1.83 million or $1,833 psf in March 2021, making a profit of approximately $545,000.* This latest transaction beats the previous record price achieved at the development, when in January 2020 a 1,346 sq ft, three-bedroom unit on the 13th floor changed hands for around $3.2 million ($2,317 …

The annual Emerging Trends in Real Estate Global Outlook by PwC and the Urban Land Institute (ULI) for 2025 was released on March 12, revealing the top concerns among property investors in the Asia Pacific (Apac) region. The report, which compiles data from global asset managers including Blackstone, Savills Investment Management, and CBRE Investment Management, found that low yields and sluggish transaction volumes were among the biggest worries for investors. Over 70% of survey respondents cited low yields, persistently high interest rates, and geopolitical tensions as their top concerns.

Despite these challenges, the report notes that Asia Pacific remains an attractive market for diversification strategies due to its population growth, demographic metrics, and divergent monetary policies, such as Japan’s decision to raise short-term interest rates. In 2024, the region saw real estate transactions grow by 13% year-on-year, outpacing the growth in Europe, Middle East, and Africa (EMEA) at 12% and …

A 999-year leasehold conservation shophouse at 20 Liang Seah Street has been put up for sale for $15 million. This is a great opportunity for interested buyers as the property will be sold in an expression of interest (EOI) exercise by SRI Capital Market, the exclusive marketing agent.The three-storey intermediate shophouse is located on a 1,129 sq ft plot in a “residential and commercial” zone with a gross plot ratio of 4.2 under the latest Master Plan. The built-up area of the property is 2,635 sq ft, and the guide price is set at $2,635 psf. The ground floor and second floor are approved for restaurant use, while the top floor is currently being leased for residential purposes. The property is located in the Beach Road secondary settlement conservation area and new extensions can be built up to five storeys, subject to approvals.Read also: Tras Street shopouse for sale at …