A shophouse with a unique corner location in the vibrant Jalan Besar district is now available for sale through private treaty. This two-storey building with an attic, situated at 209 Jalan Besar, is being marketed by Gracelynn Zhu from PropNex Shophouse Elites. According to Zhu, the 999-year leasehold property is listed at a price below $20 million.

Measuring approximately 5,502 sq ft in total, the shophouse is zoned for commercial use. The first floor has already been approved for restaurant operations, while a portion of the second floor is also designated for the same purpose. With a price tag of $20 million, the per square foot (psf) price works out to be $3,635 based on the floor area.

Located within the Desker Road Conservation Area in District 8, this property is situated in a prime location close to Little India. It is also conveniently within walking distance to the Jalan …

According to a recent survey by CBRE, the Asia Pacific (Apac) hotel sector is expected to continue seeing a strong wave of investment activity in 2025. The 2025 Asia Pacific Hotel Investor Intentions Survey revealed that over 72% of hotel investors surveyed in November and December last year are planning to purchase more hotel assets this year.

Out of the respondents, 45% indicated that they are looking to increase their purchasing volume by more than 10% in 2025. Steve Carroll, head of hotels, capital markets, Asia Pacific, CBRE, stated that due to the resilient performance of the sector over the past 18 months, investors are optimistic about the pricing expectations for hotel and living assets in Apac in 2025.

The survey also found that the rebound in tourist arrivals, particularly in Japan, Singapore, and Australia, has contributed to the healthy buying intentions. This has led to an increase in room …

ETC (formerly Edmund Tie) and OrangeTee Group announced on February 24 that they will merge to form a new holding company, whose name has yet to be revealed. According to ETC CEO Desmond Sim, this is a “meeting of minds” and not an acquisition.

Sim will serve as CEO of ETC and group CEO of the merged entity, while OrangeTee’s current CEO Justin Quek will be the deputy group CEO. The merger will see ETC focus on consultancy and advisory services, while OrangeTee will concentrate on proptech and its real estate agency business with support from their network of 2,803 registered salespersons from the Council for Estate Agencies (CEA).

The combined entity, which will have over 520 staff and 2,803 salespersons, aims to drive growth, create value for stakeholders, and achieve scale in today’s dynamic real estate landscape. This merger builds on the 2017 joint venture between the two companies, …

Joint developers UOL Group and CapitaLand Development (CLD) have reported the successful launch of ParkTown Residence, their latest project in Tampines North. The launch weekend saw the sale of 1,041 units, which represents over 87% of the total 1,193 units available.

UOL’s general manager of residential marketing, Anson Lim, stated that the project achieved an average price of $2,360 per square foot (psf), with the majority of buyers being Singaporean homebuyers or investors. The most popular unit types were two-bedroom and three-bedroom apartments, which accounted for 92% of the units sold.

One of the key reasons for the project’s success is its unique status as a fully integrated residential and lifestyle development, connected to a retail mall, future Tampines North MRT station, bus interchange, green boulevard, community club, and hawker centre, according to a spokesperson for UOL and CLD.

Prior to the launch weekend, ParkTown Residence had received 2,367 cheques, …

On February 22nd, MCL Land and CSC Land Group successfully sold 326 out of 501 units at their joint venture project, Elta, located at Clementi Avenue 1. This translates to a sales rate of about 65%, with an average price of $2,537 per square foot.

The majority of buyers were Singaporeans, making up 90% of the total, while the remaining 10% were permanent residents. Most of the buyers came from districts 19, 5, and 23, with the highest number of buyers coming from districts 19, which primarily includes Hougang, Serangoon, Sengkang, Punggol, and the northeast region.

Among the units sold, the most popular were the two-bedroom units, with 98% of the 179 units sold at prices starting from $1.388 million ($2,261 psf). Additionally, 81% of the 108 three-bedroom units have also been taken up, with prices starting from $2.198 million. The one-bedroom plus study units were also in high demand, …

CapitaLand India Trust (CLINT) has announced its plans to acquire a new office project in Nagawara, Outer Ring Road, Bangalore, for $233.6 million. This will be accomplished through a forward purchase agreement with Maia Estates Offices.

The group believes that the acquisition of this 1.13 million sq ft office project will greatly benefit its unitholders, as it is expected to increase both earnings and distributions. The project is expected to generate a net profit of $7.7 million once it reaches stabilization, and distribution per unit is projected to rise from 6.84 cents to 6.98 cents.

The office project is part of a mixed-use development that includes both office and retail space. As part of the forward purchase agreement, CLINT will fully fund the development of the office project and will receive interest on the funding at a higher rate than its borrowing cost.

For those interested in investing in overseas …

Sim Lian Group will soon open its latest executive condo (EC), called Aurelle of Tampines, for e-application on Feb 22. This 2025 project, featuring 760 units, is strategically located at Tampines Street 62 in Tampines North, making it the first EC to launch in the year.

Situated a mere five-minute walk from the upcoming Tampines North Transport Hub, which will include the Tampines North MRT Station (on the Cross Island Line scheduled to open in 2030), an air-conditioned bus interchange, and the mixed-use development ParkTown, Aurelle of Tampines offers convenient access to various amenities like ParkTown Mall, Community Club, Hawker Centre, and ParkTown Residence – a 1,093-unit development that will also be launched for sale on Feb 22.

Spread across a site area of 301,391 sq ft, the EC project boasts fourteen 14-storey residential blocks and a range of three- to five-bedroom units designed to cater to the needs of …

A successful collective sale deal has been closed in 2025, marking the first transaction of its kind for the year. River Valley Apartments, a freehold condominium located on River Valley Road, has been sold for a total of $56 million. The selling price equates to a land rate of $1,622 psf per plot ratio (psf ppr). This sale is a significant milestone for the strata-titled owners of the development, as they are set to receive minimum proceeds of about $2 million to $2.6 million each, based on the selling price.

According to Knight Frank Singapore, the marketing agent for the sale, the purchaser is a local family office with plans to redevelop the site into serviced apartments. The Urban Redevelopment Authority (URA) has already granted an Outline Permission for the development of serviced apartments.

“This marks the first collective sale site sold in 2025, in a challenging collective sale market, …

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8M Residences has once again made headlines as the top private condo to achieve a new psf-price peak for the week of Feb 1 to 7. The freehold development reached an impressive high of $2,384 psf when a 15th-floor, two-bedroom unit was sold for $1.54 million on Feb 3. This marks the first time a unit at 8M Residences has exceeded the $2,300 psf mark.

The record-breaking sale beats the previous peak of $2,261 psf set in April 2023, when a similar two-bedroom unit on the 11th floor was sold for $1.46 million. In fact, 8M Residences recorded another sale during the same period that exceeded the April 2023 record. On Feb 3, a one-bedroom unit on the 11th floor was transacted for $1.2 million ($2,275 psf).

But that’s not all – in terms of absolute price, the most expensive unit sold at 8M Residences was a 1,841 sq …

Seller racks up $1.87 mil profit at Rochelle at NewtonSeller inks $1.12 mil profit at Leedon Residence© Singapore Press Holdings Ltd. Image Sript

Nassim 9, a luxury development, saw the most profitable private non-landed resale transaction during the period of Feb 4 to Feb 7. The 2,486 sq ft, four-bedroom unit on the third floor was sold for $7.5 million, or $3,016 psf, on Feb 7. According to URA caveats, the seller purchased the unit for $4.12 million ($1,641 psf) in December 2005. This translates to a profit of $3.42 million, or 83.8% of their original purchase price. The annualised gain is 3.2% over 19 years.

The transaction at Nassim 9 is the third-most profitable resale transaction to date. The current record was set in March 2023 when a larger four-bedroom unit spanning 2,756 sq ft was sold for $9.5 million ($3,448 psf). It was bought for $4.12 million ($1,495 …