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An expression of interest (EOI) has been launched for two neighboring Good Class Bungalows (GCBs) situated at 52 and 54 Belmont Road in the prestigious Belmont Park GCB area. The owners of the GCBs, who are believed to be related, are looking to sell their freehold properties. The combined land area of these GCBs is 41,741 sq ft and they have an indicative price of $88.8 million or $2,128 psf on the land area. According to the 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 be attractive to families looking to build a new home for multigenerational living or extended families living together,” says Lennon Koh, senior director at Sakal. “In addition to homeowners, this property also presents an opportunity for developers to tap into the exclusive GCB market.”

A map showing 52 Belmont Road, shaded in grey, has been provided by EdgeProp Landlens. (Source: EdgeProp Landlens)

Based on caveats lodged with the Urban Redevelopment Authority (URA), the most recent transaction on Belmont Road took place in December last year where a GCB occupying a land area of 19,549 sq ft was sold for $40 million or $2,046 psf. (Source: URA, EdgeProp Buddy)

Sakal also highlights that in July 2024, a pair of adjacent GCB plots on Belmont Road were sold for $131.4 million or $3000 psf based on the combined land area of 43,790 sq ft. Nearby, a GCB at Bin Tong Park with a land area of 28,111 sq ft was sold for $84 million ($2,988 psf) in April this year.

Investing in a condominium in Singapore involves careful consideration of condo financing. Fortunately, Singapore offers a range of mortgage options. However, it is important to understand the Total Debt Servicing Ratio (TDSR) framework, which sets a limit on the amount of loan a borrower can take based on their income and existing debt obligations. Navigating the TDSR can be daunting, but consulting with financial experts or mortgage brokers can help investors make well-informed decisions about their financing options and avoid excessive leveraging. It is crucial to educate yourself about the TDSR if you are interested in investing in a Singapore Condo, and seeking guidance from professionals can ensure a successful and sustainable investment. Singapore Condo should be considered an integral part of the investment process.

Steven Ming, managing director at Sakal, believes that the GCBs on Belmont Road will garner strong interest due to their prime location and the resilient demand for GCBs. “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 expect more transactions in 2025,” he says.

The EOI exercise for the GCBs will close on March 13 at 3pm.…

Real estate consulting firm JLL has announced the appointment of James Cameron as the new head of energy and infrastructure for Asia Pacific within its capital markets business line. Cameron’s role, based in Singapore, has been created to expand the firm’s presence in the region and cater to the growing demand for capital advisory services.

Cameron will be responsible for assembling a team in the Asia Pacific region. This appointment will complement JLL’s existing Energy & Infrastructure business in EMEA, resulting in a global capital advisory capability that can provide comprehensive support to both local and international developers and investors.

Investing in a Singapore Condo offers numerous advantages, one of which is the opportunity to leverage the property’s value for future investments. This tactic is commonly adopted by investors who use their condos as a form of collateral to secure additional financing for new ventures. By doing so, they can expand their real estate portfolio and potentially increase their returns. However, it’s important to note that this strategy also carries risks, and it’s crucial to have a solid financial plan in place and carefully consider the potential impact of market fluctuations.

JLL states that Cameron’s appointment aligns with the long-term capital needs to facilitate the build-out of infrastructure and renewable energy projects. These projects are essential to meet the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

Stuart Crow, JLL Asia Pacific’s CEO of capital markets, comments, “We see significant opportunities in leveraging our unique expertise in mobilising diverse sources of capital and JLL’s unmatched track record in advising renewable energy transactions globally to serve clients within the energy and infrastructure sector across Asia Pacific.”

Working closely with JLL’s capital markets, investment banking, and debt advisory teams in the region, Cameron will focus on identifying opportunities for capital raising and transaction advisory services for large infrastructure and renewable energy projects. These opportunities will be targeted towards institutional investors, private equity firms, asset managers, strategic infrastructure and renewable energy operators and developers, high net-worth individuals, and family offices.

With over 25 years of experience in real asset capital markets, Cameron brings extensive knowledge in mobilising various forms of private and public equity and financing for infrastructure projects globally and regionally. He previously served as the global head of commercial real estate at Standard Chartered Bank.

Crow adds, “James’ experience in this exciting space is unrivalled in the region, and we have full confidence in his ability to establish JLL as a leader through his expertise and relationships with clients.”…

on GFAOver the weekend of January 11 to 12, luxury mixed-use development One Bernam, located in Tanjong Pagar, offered 87 of its remaining residential units for sale at promotional prices. Launched in May 2021 by joint developers MCC Land and Hao Yuan Investment, the 99-year leasehold apartment tower boasts 351 units. As of January 10, over 75% of the units have been sold at an average price of $2,585 per square foot (psf).The promotional prices, which applied to all 87 remaining units, were offered across one-bedroom to three-bedroom units, as well as penthouses. Interested buyers can visit the latest new developments on offer to find out the transaction prices and available units.Advertisement advertisement For one-bedroom units ranging from 441 sq ft to 463 sq ft, prices were discounted by $323,000 to $438,000. These units were sold at prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Meanwhile, two-bedroom apartments measuring 700 sq ft to 732 sq ft received discounts of $437,000 to $668,000 and were sold at prices ranging from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). Two-bedroom plus study units spanning 807 sq ft to 872 sq ft were offered at prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf), with discounts ranging from $380,000 to $800,000. Three-bedroom apartments measuring 1,421 sq ft saw discounts ranging from $616,000 to $830,000 and were sold at prices ranging from $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).One of the showflats at One Bernam. The project is set to be completed in March 2026 (Photo: MCC Land)According to Marcus Chu, CEO of ERA Singapore, the strong sales performance highlights the property’s potential as a stable and high-value asset. He adds that roughly 78% of buyers purchased units as investments, and 87% of the buyers were Singaporean, with 70% being between the ages of 31 and 50. Following the overwhelming response over the weekend, the remaining sales units are three penthouses, leaving the total sales at 99%. These include two three-bedroom penthouses measuring 1,744 sq ft and 1,948 sq ft, and a 4,306 sq ft five-bedroom unit. As the project is expected to acquire a Temporary Occupation Permit (TOP) in March 2026, investors are likely to start generating rental income, which can help support their loan instalments, reckons Chu. Existing condos in the area, such as Altez, 76 Shenton, and EON Shenton, are currently fetching monthly rents ranging from $6.90 psf to $7.40 psf (Source: EdgeProp Landlens) Based on data from EdgeProp Landlens, average monthly rents for similar properties in the area, including Altez, Eon Shenton, and 76 Shenton, range from $6.90 psf to $7.40 psf. Looking ahead, with the reduced competition from foreign buyers due to the Additional Buyer’s Stamp Duty (ABSD) hike implemented in 2023, Chu believes this has created more opportunities for local buyers to enter the market. He adds that local demand is expected to remain the key driver for Central Core Region (CCR) properties moving forward, and with competitive pricing, these developments are likely to be a desirable and stable investment choice. For more information on One Bernam properties, check out the latest listings.Ask BuddyPrice trend chart for One BernamUpcoming new launch projects Any condo rental listings in District 2?Compare price trend of New Sale Condo vs Resale CondoWhat is the Buyer Profile for One Bernam?Price trend chart for One BernamUpcoming new launch projects Any condo rental listings in District 2?Compare price trend of New sale condo vs Resale condoWhat is the Buyer Profile for One Bernam?

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When it comes to investing in a Singapore Condo, financing is a crucial factor to consider. The country offers a variety of mortgage choices, but it’s crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework limits the amount of loan that a borrower can take based on their income and current debt obligations. It’s essential for investors to have a thorough understanding of the TDSR and to seek guidance from financial advisors or mortgage brokers. This will enable them to make informed decisions about their financing options, and avoid the risk of over-leveraging.…

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Location is a key factor to consider when investing in real estate, and this holds true in Singapore. The value of a condominium is greatly influenced by its location, especially when it is situated in central areas or in close proximity to important amenities like schools, shopping malls, and public transportation hubs. Prime districts in Singapore, including Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown impressive increases in property prices. The presence of reputable schools and educational institutions in these areas also makes condos highly desirable for families, making them even more attractive for investment. And with new condo launches entering the market, the potential for growth in these prime locations is even more promising. New Condo Launches amplify the potential for appreciation and solidify these areas as top choices for real estate investment in Singapore.

The Real Estate Developers’ Association of Singapore (Redas) recently held their Annual General Meeting on Jan 9, where they elected their new management committee for a two-year term. Tan Swee Yiow, Chairman of Keppel Reit Management and incumbent President, was unanimously re-elected for his second consecutive term in the role. Tan expressed his gratitude for the re-election, stating that the new management committee comprises a diverse range of industry professionals with expertise and experience in different sectors and scales.

The newly elected management committee includes Immediate Past President Chia Ngiang Hong, who is the 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.

In other news, REDAS celebrated their 65th anniversary and honoured Chia Ngiang Hong with a Lifetime Achievement Award. Chia, the Immediate Past President, extended his congratulations to the new management committee and commended Tan for his exemplary leadership and the trust placed in him by the Redas community.

Tan, who will lead the newly elected diverse and experienced management committee, believes that their diverse backgrounds will enable the association to effectively drive initiatives that will have a meaningful impact on the broader built environment ecosystem. Some of the topics that Redas will focus on include the implementation of Environmental, Social, and Governance (ESG) initiatives and the introduction of green premiums. In addition, the Land Transport Authority (LTA) has announced the launch of an AI chatbot and streamlined road approval processes for developers, while developers have suggested the introduction of separate land zoning to meet the projected demand for senior accommodation in Singapore.…

The recent sale of a 3,767 square feet unit at The Arcadia has set a new record for the most profitable resale transaction in the last three weeks of December. Located in prime District 11, the four-bedroom unit on the seventh floor was sold for a whopping $4.75 million, earning the owner a profit of $3.25 million or a remarkable 217%. The unit was first purchased in 1998 for $1.5 million, making the resale transaction an annualised profit of 4.5% over 26 years.

Last year, The Arcadia saw a total of five units being sold for profits ranging from $60,000 to $3.25 million. On Oct 10, a 3,778 square feet unit on the fourth floor was sold for $4.6 million, resulting in a profit of $60,000 for the seller.

However, the sale that still holds the title for the most profitable resale transaction at The Arcadia was a 7,503 square feet penthouse on the 10th floor. It was sold for a handsome $10 million in 2010, which translates to a profit of $4.5 million or 81%, equivalent to an annualised profit of about 19% over three years. In comparison, the penthouse was bought for $5.5 million in 2007.

The Arcadia is a 99-year leasehold condominium located along Arcadia Road. Completed in 1983, it boasts a remaining lease of about 54 years. The development is surrounded by landed estates and elite schools such as Raffles Girls Primary School, Hwa Chong Institution, and National Junior College.

The second most profitable resale transaction during the last three weeks of 2024 was the sale of a 2,077 square feet unit at Tanglin Hill Meadows on Dec 10. The three-bedroom unit was sold for $4.5 million or $2,166 per square foot after being purchased for $1.8 million or $866 per square foot in 1999. This resulted in a profit of $2.7 million or 150%, which translates to an annualised gain of 3.6% over 26 years.

This transaction also set the record for the most profitable resale transaction to date at Tanglin Hill Meadows, surpassing the previous record of $2.28 million when a 2,002 square feet unit was sold for $3.73 million in 2010. The unit was bought for $1.45 million in 2005, resulting in an annualised profit of 21% over five years.

Located along Tanglin Hill in prime District 10, Tanglin Hill Meadows is a freehold development completed in 1997, nestled within the Ridley Park Good Class Bungalow Area.

Meanwhile, at the 99-year leasehold condominium in Sentosa Cove, Seascape, losses continue to mount for sellers. On Dec 18, the seller of a 2,174 square feet unit on the seventh floor incurred a loss of $1.97 million or 33% after selling it for $3.98 million or $1,830 per square foot. The unit was originally bought for $5.95 million or $2,736 per square foot in 2011, resulting in an annualised loss of 2.5% over 13 years.

Last year, a total of three resale transactions took place at Seascape, with all recording losses ranging from $1.75 million to $2.53 million. The second largest loss-incurring resale transaction in 2024 was the sale of a 2,680 square feet unit for $4.5 million or $1,679 per square foot on Aug 14.

Investing in a condo in Singapore offers several benefits, one being the potential for capital appreciation. The country’s advantageous location as a global business hub, along with its stable economic foundations, creates a consistent demand for real estate. This has resulted in a steady increase in property prices over the years, with prime locations seeing significant appreciation. By strategically timing their investments and holding onto their properties for extended periods, investors can reap substantial capital gains. For more information on Singapore projects and potential investment opportunities, please visit Singapore Projects.

Completed in 2012, the 151-unit Seascape boasts a prime location by the South China Sea. The development comprises three-bedroom and four-bedroom units of 2,164 to 4,069 square feet, penthouses of 3,380 to 4,252 square feet, and sky villas of 6.631 to 9,666 square feet.…

A recently completed Good Class Bungalow (GCB) located at Victoria Park has just been put on the market with a price tag of $61 million. This prestigious seven-bedroom bungalow was only completed three years ago and is situated at the end of a cul-de-sac called Victoria Close, which consists of just ten houses.

According to Jervis Ng, the associate group district director at PropNex Realty and agent in charge of the sale of this GCB, the number of houses in this exclusive enclave can only be increased by subdividing larger plots of land, following the planning guidelines stipulated for gazetted GCB areas in Singapore. Ng is also the founder of JNA Real Estate, a property team under PropNex.

Ng emphasizes that this means the privacy and exclusivity enjoyed by the GCBs along Victoria Park Close will be well-maintained, a crucial factor that many ultra-high-net-worth individuals and their families are willing to pay a premium for. He also notes that the recent return of new naturalized Singaporeans to the GCB market has positively impacted the buying sentiment.

Ng believes that this GCB will attract newly minted Singaporeans who grew up in countries such as China, India, or Indonesia, and are searching for a prestigious home in Singapore. The Victoria Park GCB area is home to many illustrious residents, including Jack Ma, the Chinese business magnate and co-founder of Alibaba Group, and Tang Wee Kit, a member of the Tang family who is renowned for establishing the Tangs department store.

Ng reveals that the GCB for sale has been exceptionally well-maintained, giving it a new and modern look. The property boasts a contemporary interior design with high-quality materials and finishes. Even though the bungalow sits on a 18,988 sq ft plot, the owners have utilized the land area efficiently by working closely with the architect.

The total built-up area of the property is 25,300 sq ft, featuring seven en suite bedrooms, three helpers’ rooms, and a basement carpark that can accommodate up to seven cars. The basement level also houses an entertainment room, which is currently a home cinema but can be easily converted into a guest room if necessary. There is also a private gym and a 20m lap pool.

Ng highlights that the bungalow is situated on a hilltop, providing stunning views of the surrounding low-rise neighborhood from most of the rooms.

The spacious living room is perfect for large families and can comfortably accommodate guests. Ng reveals that resale transactions in the Victoria Park GCB area have been relatively scarce in recent years. According to property caveats, the site of the GCB was bought for $18.2 million in September 2016, translating to a land rate of $959 psf.

The most recent transaction in Victoria Park Close was for a 15,253 sq ft plot that sold for $28.33 million in May 2021, equivalent to a land rate of $1,857 psf. Before that, a 29,956 sq ft plot was purchased for $40 million ($1,335 psf) in April 2017. Along Victoria Park Road, the last recorded GCB sale was for a 32,077 sq ft plot that was sold for $48 million ($1,496 psf) in November 2011.

Investing in real estate is a strategic move, and location plays a critical role in its success. This is particularly evident in Singapore, where the location of a condo can greatly affect its value. Properties situated in central areas or close to important amenities like schools, shopping malls, and public transportation hubs have a higher potential for appreciation. Some prime examples of such areas include Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown growth. Moreover, condos near reputable schools and educational institutions are highly sought after by families, making them even more valuable investments. To find the perfect Singapore condo to invest in, visit Singapore Condo.

Predicting a positive GCB market this year, Ng cites factors such as anticipated lower interest rates, sustained demand from ultra-high-net-worth buyers, and the limited supply of GCBs as stabilizing factors. He expects transaction activity in the GCB market to increase by 10% to 15% from last year, assuming there are no major external economic disruptions.

In 2020, there were 35 GCB transactions, totaling a transaction volume of $1.32 billion, which is significantly higher than the previous record set in 2022 ($1.186 billion).…

When making a decision to invest in a condominium, it is crucial to take into account its maintenance and management. Along with the purchase of a condo, there comes a responsibility to pay maintenance fees. These fees are used to maintain the common areas and facilities of the building. While this may increase the overall cost of owning a condo, it also guarantees that the property stays in top condition and holds its value. To make the investment more passive, it is recommended to hire a property management company to handle the daily management tasks. In addition, investors can also consider the New Condo Launches to find potential investments in the market.

Local advisory firm Edmund Tie & Company has announced that it will now be known as ETC with immediate effect. Along with the name change, the company has also revealed a revamped logo.

According to ETC CEO Desmond Sim, “ETC has always been a familiar abbreviation among our clients and staff.” The decision to officially adopt ETC as the company’s new name was driven by its employees, highlighting the company’s commitment to valuing their insights, voices, and ideas.

Sim also stated, “Our rebranded identity showcases our growth and unity as one ETC, and emphasizes our goal to shape the future of real estate, both locally and regionally.”

The rebranding comes as ETC celebrates its 30th anniversary, having been founded in 1995. The company offers a wide range of services, including advisory, investment, management, and divestment, covering every stage of a real estate asset’s life cycle.…

Investing in real estate is a significant decision, and the location of a property plays a crucial role. This is especially true in Singapore, where the right location can greatly impact the value of a condominium. Condos located in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs have shown a consistent increase in value over time. Prime locations in Singapore, including Orchard Road, Marina Bay, and the Central Business District (CBD), have witnessed a steady growth in property values. Families also look for condos near reputable schools and educational institutions, making these areas even more desirable for investment. Singapore Condo offers a prime location that ticks all the boxes for a valuable investment opportunity.

An exclusive Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road area is now available for sale through an expression of interest (EOI) exercise. The luxurious property has an indicative price of $60 million, which translates to $2,742 per square foot (psf) based on its expansive land area of 21,881 square feet.

In a press release dated Jan 8, marketing agent Cushman & Wakefield stated that the GCB is situated on elevated ground, making it an ideal site for redevelopment. Shaun Poh, executive director of capital markets at Cushman & Wakefield, believes that the GCB will be highly sought after by buyers looking to build their dream multi-generational home or developers seeking to create a state-of-the-art GCB for discerning individuals.

The prime location of the property adds to its appeal, being adjacent to the renowned Singapore Botanic Gardens and just a short drive away from the bustling Orchard Road shopping belt. The convenient location also provides easy access to top schools like Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution, and Hwa Chong Institution.

Poh further emphasizes the desirability of the area, noting recent record-breaking transactions at Nassim Road and Tanglin Hill, where land rates reached $4,500 psf and $6,200 psf respectively. This is a clear indication of the high demand for properties in this sought-after neighbourhood by ultra-high net worth individuals.

The EOI exercise for the GCB will close on Feb 11 at 3pm. Interested buyers and developers are urged to seize this rare opportunity to own a GCB in one of the most prestigious areas in Singapore.…

A luxurious residential development in New York City is set to be showcased to potential buyers from Singapore on January 11 and 12. Located in the highly desirable Upper West Side neighborhood of Manhattan, 720 West End Avenue boasts 131 residences ranging from one to five bedrooms, including townhouses, duplexes, and penthouses with private terraces. The unit sizes range from 500 sq ft to over 3,700 sq ft. With prices starting at US$1.015 million ($1.38 million) for a one-bedroom residence, this development offers an exclusive opportunity for buyers seeking a prestigious address in a sought-after location.

Originally designed by renowned New York architect Emery Roth in 1927 as the Hotel Marcy, the 17-story building features an impressive Renaissance Revival-style façade. The developers of 720 West End Avenue, Glacier Equities and InterVest Capital Partners, have carefully restored the façade to preserve its intricate architectural details. In addition, two floors were added to accommodate the penthouse duplexes, and the interiors of the building were revitalized by acclaimed designer Thomas Juul-Hansen.

Spanning over 30,000 sq ft, the development boasts a wide array of luxurious amenities, including a state-of-the-art fitness center, a private bar and dining room, a library and co-working spaces, and outdoor terraces and courtyards. Residents also have access to private parking and bike storage facilities.

The shortage of available land is one of the main driving forces behind the growing demand for condos in Singapore. Being a small island country with a rapidly increasing population, Singapore is facing a scarcity of land for development. As a result, strict land use regulations and a highly competitive real estate market have been established, leading to a continuous rise in property prices. This has made investing in real estate, particularly condos, an attractive opportunity with the potential for significant capital appreciation. Moreover, with the emergence of New Condo Launches, the demand for condos is expected to rise even further.

Interested Singaporean buyers can view the development at voco Orchard Hotel on January 11 and 12. The event, hosted by Savills Singapore, will also feature a seminar on the New York real estate market at 3pm on both days. Don’t miss this opportunity to be a part of the prestigious 720 West End Avenue community in one of the most coveted neighborhoods in New York City.…

offers hassle-free investment

Ayana Bali, a 90ha integrated resort in Bali, Indonesia, has announced the latest addition to its residential offerings – Alamanda Tower. The tower consists of 26 one- and two-bedroom apartments that are available for long-term lease (minimum one month).

Situated within the Ayana Bali estate, Alamanda Tower is part of Ayana Residences, a collection of residential properties. The estate is located along the coast of Jimbaran Bay and includes four hotels, Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali, and Rimba by Ayana Bali, as well as Ayana Spa, a golf putting course, a secluded beach, various event venues, and over 30 dining outlets.

Residents of Alamanda Tower will have access to three rooftop pools and amenities at the community center at Ayana Residences. These amenities include a gym, lap pool, sauna, and steam room. Residents will also enjoy services such as a dedicated concierge team, bi-weekly housekeeping, a buggy service within Ayana Bali, and discounts on dining and selected spa services.

When purchasing a condominium, it is crucial to take into account the maintenance and management of the property. Condos usually come with maintenance fees that encompass the maintenance of shared spaces and amenities. Though these fees may increase the overall cost of owning a condo, they also guarantee that the property stays well-maintained and retains its value. By hiring a property management company, investors can easily oversee the everyday management of their condos, making it a relatively hands-off investment. Additionally, staying updated on new condo launches can help investors make informed decisions about their investments.

The one-bedroom units at Alamanda Tower measure 1,173 sq ft and are available for rent from IDR70 million ($5,896) per month. Two-bedroom units without a pool measure 1,647 sq ft and start from about IDR100 million per month, while two-bedroom units with a private pool measure from 2,045 to 2,648 sq ft and start from about IDR120 million per month.

Ayana Bali is managed by Indonesia’s Ayana Hospitality, which also operates properties in Jakarta and Labuan Bajo.…