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Jll Appoints James Cameron Head Energy And Infrastructure Asia Pacific

Posted on January 14, 2025

JLL, a real estate consulting firm, has announced the appointment of James Cameron as the new head of energy and infrastructure for Asia Pacific for its capital markets business line. This newly created role will be based in Singapore and aims to strengthen JLL’s capital advisory capabilities.

Cameron will be responsible for building a team in Asia Pacific to complement JLL’s EMEA Energy & Infrastructure business, creating a global capital advisory capability to better serve local and international developers and investors.

When it comes to investing in a condo, securing financing is a crucial step. In Singapore, there are various mortgage choices available, but it is crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can obtain, taking into consideration their income and current debt obligations. To make informed decisions about financing, investors should understand the TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, keeping an eye on the latest New Condo Launches can help investors stay updated on the property market. This way, they can avoid over-leveraging and make smart financing choices.

According to JLL, Cameron’s appointment is in line with the long-term capital requirements needed for the infrastructure and renewables build-out to meet the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

Stuart Crow, JLL Asia Pacific’s CEO of capital markets, says, “We see significant opportunity to leverage our unique expertise in mobilising multiple sources of capital and JLL’s unrivalled track record in advising renewables transactions globally to serve clients within energy and infrastructure across Asia Pacific.”

Cameron will collaborate with JLL’s capital markets, investment banking, and debt advisory teams across the region, focusing on origination of capital raising and transaction advisory opportunities for large infrastructure and renewable transactions serving institutional investors, private equity, asset managers, strategic infrastructure and renewables operators and developers, high net-worth individuals, and family offices.

With more than 25 years of real asset capital markets experience, Cameron previously served as the global head of commercial real estate at Standard Chartered Bank. He has experience mobilising various forms of private and public equity and financing across the global and regional infrastructure.

Crow adds, “James’ experience in this exciting space is unmatched regionally, and we’re extremely confident in his ability to establish JLL’s leadership position through his expertise and client relationships.”…

Two Gcbs Belmont Road Sale 888 Mil

Posted on January 14, 2025

An invitation has been extended for interested parties to express their interest in two adjacent Good Class Bungalows (GCBs) situated at 52 and 54 Belmont Road, within the prestigious Belmont Park GCB area. The two freehold properties, believed to be owned by related parties, occupy a combined land area of 41,741 sq ft and have been put up for sale through an expression of interest (EOI) exercise. The indicative price for both GCBs is set at $88.8 million, translating to a land rate of $2,128 per square foot.

According to the marketing agent, Sakal Real Estate Partners, the combined plots boast a 44m frontage along Belmont Road and have an average depth of 66m. “We believe this site would appeal to families looking to build a new home for multigenerational living or extended families living together,” says Lennon Koh, senior director at Sakal. “Besides homeowners, this property is also suitable for developers seeking to tap into the exclusive GCB market.”

A map of 52 Belmont Road, shaded in grey (Source: EdgeProp Landlens)

The latest transaction on Belmont Road, based on caveats lodged with the Urban Redevelopment Authority (URA), occurred in December last year when a GCB occupying a land area of 19,549 sq ft was sold for $40 million, translating to a land rate of $2,046 psf. According to Sakal, in July 2024, two adjacent GCB plots on Belmont Road were sold for $131.4 million, or $3,000 psf based on their combined land area of 43,790 sq ft. A nearby GCB at Bin Tong Park, with a land area of 28,111 sq ft, was also transacted in April for $84 million, or $2,988 psf.

Recent GCB transaction on Belmont Road based on lodged caveats (Source: URA, EdgeProp Buddy)

Given its prime location and the consistent demand for GCBs, Steven Ming, managing director at Sakal, believes that the Belmont Road GCBs will attract strong interest. “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.

In summary, the benefits of investing in a condominium in Singapore are plentiful, with a strong demand, potential for growth in value, and attractive rental returns. However, it is crucial to carefully consider various factors, such as the location, financing options, government regulations, and current market conditions. Thorough research and seeking professional guidance are essential in making informed decisions and maximizing profits in the ever-evolving real estate market in Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a secure and lucrative investment, Singapore’s condominiums present a compelling opportunity. To stay updated on new condo launches, visit Nova Ortografia.

The EOI exercise for the two GCBs at Belmont Road will close on March 13 at 3pm. Interested parties are encouraged to act quickly to secure this rare opportunity.…

Jll Appoints James Cameron Head Energy And Infrastructure Asia Pacific

Posted on January 14, 2025

JLL, a leading real estate consulting firm, has recently announced the appointment of James Cameron as the head of energy and infrastructure for the Asia Pacific region in its capital markets business line. In a press release on January 14, the company revealed that this newly created role will be based in Singapore.

Cameron’s main responsibility will be to build a strong team in Asia Pacific. This appointment is in line with JLL’s goal to create a global capital advisory capability that can cater to the needs of local and international developers and investors. The firm believes that Cameron’s expertise will complement their existing EMEA Energy & Infrastructure business and enable them to better serve their clients.

This move is seen as a strategic step towards meeting the long-term capital requirements for infrastructure and renewables in order to tackle the challenges posed by decarbonisation, digitalisation, economic growth, and rapid urbanisation.

Stuart Crow, CEO of capital markets for JLL Asia Pacific, said, “We see significant potential in leveraging our unique expertise in mobilising multiple sources of capital and JLL’s unrivalled track record in advising on renewables transactions globally to serve clients within the energy and infrastructure sector across Asia Pacific.”

In his new role, Cameron will collaborate with JLL’s capital markets, investment banking, and debt advisory teams across the region. He will focus on identifying capital raising and transaction advisory opportunities for large infrastructure and renewable projects. These opportunities will cater to various entities such as institutional investors, private equity firms, asset managers, strategic infrastructure and renewables operators and developers, high net-worth individuals, and family offices.

With over 25 years of experience in real asset capital markets, Cameron has previously served as the global head of commercial real estate at Standard Chartered Bank. He has a strong track record in mobilising private and public equity and financing for infrastructure projects at both global and regional levels.

“Cameron’s experience in this exciting space is unmatched in the region, and we are extremely confident in his ability to establish JLL’s leadership position through his expertise and client relationships,” said Crow.

This strategic appointment is expected to further enhance JLL’s capabilities in the region and solidify its position as a leading real estate consulting firm.

Purchasing a condominium in Singapore provides a wealth of advantages, with one of the key benefits being the potential for increased property value. This advantage is directly tied to the country’s advantageous location as a major global business hub, as well as its strong economic foundations that drive a steady demand for real estate. Over the years, Singapore’s real estate market has consistently shown positive growth, particularly in highly sought-after areas where condominium prices have seen significant appreciation. This creates an attractive opportunity for individuals aiming to invest in condos at the opportune moment and retain ownership for a longer period, resulting in substantial capital gains. Condo…

One Bernam Nears Sellout 99 Sales After Weekend Promotion Only Three Penthouses Left

Posted on January 14, 2025

Investing in a Singapore condo offers various advantages, one of which is the opportunity to utilize the property’s value for further investments. Numerous investors utilize their condos as security to obtain supplementary financing for new ventures, thus diversifying and expanding their real estate portfolio. While this tactic can potentially magnify returns, it also carries risks. Therefore, having a well-thought-out financial plan and considering the possible implications of market fluctuations is crucial.

One Bernam, the mixed-use development in Tanjong Pagar with 351 residential units, recently offered 87 units for sale at promotional prices on the weekend of January 11 to 12. Jointly developed by MCC Land and Hao Yuan Investment, the 99-year leasehold apartment tower was first launched in May 2021. Based on caveats lodged as of January 10, over 75% of the units have been sold at an average price of $2,585 psf.

The weekend promotion prices applied to all remaining 87 units, including one-bedroom to three-bedroom units, as well as penthouses. Interested buyers can search for the latest New Launches to find out the transaction prices and available units.

One-bedroom units, ranging from 441 sq ft to 463 sq ft, saw price discounts of $323,000 to $438,000, with units sold at prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). The two-bedroom apartments of 700 sq ft to 732 sq ft had price discounts from $437,000 to $668,000, with units sold at prices from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). The two-bedroom plus study apartments of 807 sq ft to 872 sq ft saw discounts ranging from $380,000 to $800,000, with units sold at prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf). Three-bedroom apartments of 1,421 sq ft had discounts ranging from $616,000 to $830,000, with units sold at $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).

According to Marcus Chu, CEO of ERA Singapore, the strong sales performance highlights the high interest in the property as a stable and high-potential asset. Chu adds that about 78% of the purchasers bought their units as investments. Additionally, 87% of the buyers for One Bernam were Singaporeans, with 70% aged between 31 and 50.

Following the overwhelming response over the weekend, there are currently only three penthouses available for sale, bringing the total sales to 99%. These include two units of three-bedroom penthouses with sizes of 1,744 sq ft and 1,948 sq ft, and one five-bedroom unit of 4,306 sq ft.

As the project is scheduled to obtain a Temporary Occupation Permit (TOP) in March 2026, investors are expected to start generating rental income, which could support their loan instalments, according to Chu. Based on EdgeProp Landlens data, average monthly rents of existing apartment projects in the area, such as Altez, Eon Shenton and 76 Shenton, command rental rates ranging from $6.90 psf to $7.40 psf.

Looking ahead, Chu believes that the reduced competition from foreign buyers due to the hike in Additional Buyer’s Stamp Duty (ABSD) imposed in 2023 has opened up more opportunities for local buyers to enter the market. He adds that local demand is expected to continue being the main driver for Central Core Region (CCR) properties. With competitive pricing making these developments a desirable and stable investment choice, he believes that they will remain a popular choice for buyers in the future.…

Redas Appoints New Management Committee Led Returning President Tan Swee Yiow

Posted on January 11, 2025

The Real Estate Developers’ Association of Singapore (Redas) has recently announced its newly-elected management committee for the upcoming two years. At its Annual General Meeting held on January 9th, the members unanimously re-elected Tan Swee Yiow, Chairman of Keppel Reit Management, as President, marking his second consecutive term in the role. Tan expressed his gratitude for being re-elected and emphasized the broad representation of the management committee in terms of sectors, scales, and expertise within the industry.

The newly-elected management committee comprises of esteemed individuals from various real estate companies. The Immediate Past President, Chia Ngiang Hong, who is the Group General Manager of City Developments, congratulated the new committee and commended Tan for his exemplary leadership. He also mentioned that Tan’s unanimous re-election reflects the trust placed in him by the Redas community.

The committee includes the First Vice President, Kwee Ker Wei, Director of Pontiac Land Group; the Second Vice President, Marc Boey, Executive Director of Project Services at Far East Organization; the Honorary Secretary, Chong Hock Chang, Group Director of Projects and Marketing at Ho Bee Land; the Honorary Treasurer, Neo Soon Hup, COO of UOL Group; the Honorary Assistant Secretary, Chew Peet Mun, Managing Director of Investment and Development at CapitaLand Development Singapore; and the Honorary Assistant Treasurer, Tho Leong Chye, Managing Director of Allgreen Properties.

Tan also highlighted the diversity of the new committee, stating that it will enable the association to effectively drive initiatives with a meaningful impact on the broader built environment ecosystem. He also mentioned that the committee’s composition represents a wide range of expertise within the industry, which will benefit the association and its members.

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The demand for condos in Singapore remains consistently high due to the limited availability of land. As a small island nation experiencing exponential population growth, Singapore faces a scarcity of land for development. In response, the government has established strict land use policies, creating a fiercely competitive real estate market where property prices continue to soar. Therefore, investing in real estate, particularly in new condo launches, has become an incredibly lucrative opportunity with the potential for substantial capital appreciation.

In related news, Redas celebrated its 65th anniversary and conferred the Lifetime Achievement Award to Chia Ngiang Hong for his significant contribution to the real estate industry. The association also discussed important topics such as the implementation of the Environmental Sustainability and Green Buildings Masterplan, green premiums, and streamlined road approval processes for developers at the RICS-REDAS conference. In addition, developers have suggested a separate land zoning to meet the projected demand for senior accommodation in Singapore.…

Resale Four Bedder Arcadia Records 325 Mil Profit

Posted on January 10, 2025

The sale of a 3,767 sq ft unit at The Arcadia in prime District 11 garnered significant attention in the real estate market, as it was the most profitable resale transaction to take place from December 10 to December 31. The lucky owner of the four-bedroom unit on the seventh floor kicked off the new year with a whopping $3.25 million profit (217%), when the property was sold for an impressive $4.75 million – translating to $1,261 per square foot – on December 10.

When it comes to investing in real estate, location is often the deciding factor, particularly in Singapore. Condominiums situated in central areas or in close proximity to important amenities, such as schools, shopping centers, and public transportation hubs, have a strong track record of appreciating in value. The prime locations of Orchard Road, Marina Bay, and the Central Business District (CBD) in Singapore are perfect examples of areas that have consistently demonstrated growth in property prices. What’s more, these condos are highly in demand among families due to their convenient proximity to reputable schools and educational institutions, making them all the more attractive for investment. To top it all off, the Singapore Projects in these sought-after locations only add to their investment potential.

Records show that the unit was initially purchased for a mere $1.5 million ($398 per square foot) back in 1998, which means that the resale generated an annual profit of 4.5% over a span of 26 years. The Arcadia also saw five other units change hands in 2024, ranging from 3,714 sq ft to 3,821 sq ft. These transactions resulted in profits ranging from $60,000 to $3.25 million.

The sale of another 3,778 sq ft unit on the fourth floor fetched a respectable price of $4.6 million ($1,218 psf) when it was sold on October 10 last year. This transaction resulted in a profit of $60,000 for the seller.

The Arcadia set a new record for the highest profit generated in 2024 when a stunning 7,503 sq ft penthouse on the 10th floor was sold for $10 million ($1,333 psf). The penthouse was originally snapped up for $5.5 million ($733 psf) in 2007, which means that the seller made a profit of $4.5 million (81%). This translates to an annualized profit of about 19% over a period of three years.

The Arcadia is a 99-year leasehold condo situated along Arcadia Road in prime District 11. Completed in 1983, the 164-unit development boasts a remaining lease of about 54 years. It is surrounded by landed estates and Good Class Bungalows, and is also in close proximity to top schools such as Raffles Girls Primary School, Hwa Chong Institution and National Junior College.

Meanwhile, the second most profitable resale in the last three weeks of 2024 was that of a 2,077 sq ft unit at Tanglin Hill Meadows on December 10. The three-bedroom unit managed to garner a price of $4.5 million ($2,166 psf). The initial purchase was made back in 1999, when the unit was bought for $1.8 million ($866 psf). As such, the seller walked away with an impressive $2.7 million profit (150%), which translates into an annualized gain of 3.6% over a period of 26 years.

This transaction also secured the title of the most profitable transaction to date at Tanglin Hill Meadows, which ousted the previous record of $2.28 million (157%) when a 2,002 sq ft unit was sold for $3.73 million ($1,863 psf) back in 2010. This unit was initially purchased for $1.45 million ($724 psf) in 2005, resulting in an annualized profit of 21% over a period of five years.

Tanglin Hill Meadows is a freehold condo located along Tanglin Hill in prime District 10. Completed in 1997, the 20-unit development is nestled amongst the Ridley Park Good Class Bungalow Area.

On the other hand, losses continue to mount at Seascape, a 99-year leasehold condo located in Sentosa Cove. The seller of a 2,174 sq ft unit on the seventh floor incurred a hefty loss of $1.97 million (33%) when the unit was sold on December 18. The three-bedroom unit was sold for a price of $3.98 million ($1,830 psf), after initially being purchased for $5.95 million ($2,736 psf) in 2011. This resulted in an annualized loss of 2.5% over a period of 13 years.

This sale marks the third resale transaction at Seascape in 2024, and all three of these transactions resulted in substantial losses ranging from $1.75 million to $2.53 million. The transaction that resulted in the aforementioned $2.53 million loss was also the second-largest loss-incurring resale transaction for 2024. This sale involved a 2,680 sq ft unit that fetched $4.5 million ($1,679 psf) when it was sold on August 14, 2024.

Completed in 2012, Seascape is a development comprising of 151 units, and it faces the South China Sea. The eight-storey development features three-bedroom and four-bedroom units sized between 2,164 sq ft and 4,069 sq ft. It also boasts penthouses that range between 3,380 sq ft and 4,252 sq ft, as well as sky villas that measure between 6,631 sq ft and 9,666 sq ft.…

Good Class Bungalow Victoria Park Sale 61 Mil

Posted on January 10, 2025

The stability of Singapore’s real estate market is a major factor to consider when investing in condos, and this is largely due to the government’s property cooling measures. In order to prevent speculative buying and maintain stability, the Singaporean government has implemented several measures over the years. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign investors and those purchasing multiple properties. Although these measures may impact the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment. Condos are affected by these measures as well, making it important for potential investors to carefully consider the market conditions and government regulations before making a decision.

A luxurious Good Class Bungalow (GCB) located in Victoria Park has just been put on the market for a whopping $61 million. The stunning seven-bedroom bungalow was completed a mere three years ago and is situated at the end of the tranquil Victoria Close, a small and exclusive cul-de-sac that is home to only 10 opulent houses.

According to Jervis Ng, associate group district director at PropNex Realty and the agent in charge of marketing the sale of the GCB, the number of houses in this prestigious area can only increase by subdividing larger plots of more than 30,000 sq ft, in accordance with planning guidelines. Ng, who is also the founder of JNA Real Estate, a property team under PropNex, adds that this means the utmost privacy and exclusivity enjoyed by the GCBs along Victoria Park Close will be maintained, which is a top priority for many ultra-high-net-worth individuals and their families. As a result, they are often willing to pay a premium for such privacy and exclusivity.

According to Ng, the return of newly naturalized Singaporeans to the GCB market in recent months has improved the buying sentiment. He believes that this particular GCB will appeal to affluent individuals who have recently become Singaporean citizens and are looking for a lavish property to call their own. These individuals often come from countries such as China, India, or Indonesia, and are searching for a trophy home in Singapore.

The Victoria Park GCB area is home to several notable 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 founded Tangs department store. Ng mentions that the GCB for sale has been impeccably maintained and still looks brand new. It boasts a modern interior design with top-of-the-line materials and finishes.

The GCB sits on a spacious plot of 18,988 sq ft and the owners worked closely with the architect to make the most of the space. The total built-up area is an impressive 25,300 sq ft, which includes seven en suite bedrooms, three helpers’ rooms, and a basement carpark with room for up to seven cars. The basement also houses an entertainment room that has been converted into a home cinema but can be used as a guest room if necessary. Additionally, there is a private gym and a 20m lap pool.

The bungalow is situated on a hilltop, providing breathtaking views of the surrounding low-rise neighborhood from most of the rooms, says Ng. The living room is spacious and can comfortably accommodate large families.

Resale transactions in the Victoria Park GCB area have been relatively limited in recent years. According to property records, the site of this particular GCB was purchased in September 2016 for $18.2 million, which translates to a land rate of $959 per square foot. The most recent transaction along Victoria Park Close was for a 15,253 sq ft plot, which sold for a staggering $28.33 million in May 2021, at a land rate of $1,857 psf. In April 2017, a 29,956 sq ft plot was sold for $40 million, equivalent to $1,335 psf. Along Victoria Park Road, the last recorded GCB sale was in November 2011, when a 32,077 sq ft site was sold for $48 million, or $1,496 psf.

Ng believes that several factors, such as lower interest rates, the consistent demand from ultra-high-net-worth buyers, and the limited supply of GCBs will contribute to an increase in transaction activity in the GCB market this year. He predicts that GCB transaction volume will rise by 10% to 15% from last year, barring any major external economic disruptions. In 2020, there were a total of 35 GCB transactions that generated a transaction volume of $1.32 billion, significantly higher than the previous record of $1.186 billion set in 2019.…

Edmund Tie Company Rebrands Etc

Posted on January 9, 2025

by expression of interest

Local real estate advisory firm, Edmund Tie & Company, has recently undergone a rebranding exercise and will now be known as ETC. The rebranding includes a new and improved logo.

According to CEO Desmond Sim, the abbreviation ETC has long been used by clients and staff, making it a familiar name within the company. The decision to officially adopt ETC as the new name was driven by the company’s employees, showcasing the importance placed on their insights, voices, and ideas.

Sim further explains that the refreshed identity reflects the company’s progress as a united force and highlights their determination to shape the future of real estate, both locally and regionally.

This rebranding coincides with ETC’s 30th anniversary. Since its establishment in 1995, ETC has offered a comprehensive range of services, including advisory, investment, management, and divestment, covering all stages of a real estate asset’s lifecycle.

In the midst of this rebranding, ETC has also rolled out a significant revamp to enhance the living experience and value for residents of Marina Bay Residences. The $5 million revamp seeks to bring a new level of luxury and cater to premium rents.

Investing in condos in Singapore requires considering several factors, one of which is the government’s property cooling measures. The Singaporean government has implemented various measures throughout the years to control speculative purchases and maintain a steady real estate market. Among these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals acquiring multiple properties. While these policies may affect the short-term profitability of condo investments, they also promote the market’s long-term stability, creating a secure investment climate in the condo sector.

In other related news, three food-factory units at Pandan Loop are currently up for sale at $11 million. Additionally, Noel Building in Tai Seng was recently sold for $81.18 million, which is 17% higher than the guide price. Another industrial building, GS Building in Balestier, was also sold for $67 million through an expression of interest.…

Dalvey Estate Gcb Sale 60 Mil

Posted on January 8, 2025

A luxurious Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave is now available for purchase through an expression of interest (EOI) exercise. The property is being marketed by Cushman & Wakefield with an indicative price of $60 million, equivalent to $2,742 per square foot (psf) based on its land area of 21,881 square feet.

Shaun Poh, the executive director of capital markets at Cushman & Wakefield, highlights the potential of the freehold plot which is situated on elevated ground. He mentions that it is an ideal opportunity for buyers looking to build their dream multi-generational home or for developers to redevelop the plot into a luxurious and modern GCB that caters to the elite clientele.

The GCB is strategically located next to the renowned Singapore Botanic Gardens and is conveniently close to the popular Orchard Road shopping district. It is also surrounded by reputable schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution and Hwa Chong Institution.

Poh also notes the strong demand for GCBs in this coveted neighbourhood, citing recent record-breaking land rates of $4,500 psf and $6,200 psf at Nassim Road and Tanglin Hill respectively.

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When it comes to investing in Singapore’s real estate market, it is crucial for foreign investors to have a thorough understanding of the associated regulations and restrictions. Unlike landed properties, which have stricter ownership rules, foreigners can generally purchase condos without much limitation. However, it is important to note that foreign buyers are still subject to the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this additional cost, the stability and promising growth potential of the Singapore real estate market continues to attract foreign investors, including those interested in New Condo Launches.

Interested parties can submit their EOI bids for the property until Feb 11, 3pm. This is a rare opportunity to own a prestigious GCB in one of the most highly sought-after locations in Singapore.…

New York Development 720 West End Avenue Be Showcased Singapore Buyers

Posted on January 7, 2025

A luxurious residential project in New York’s Upper West Side will be presented to buyers from Singapore on Jan 11 and 12. Developed by Glacier Equities and InterVest Capital Partners, 720 West End Avenue boasts 131 upscale residences that range from one to five bedrooms, townhouses, duplexes, and penthouses with private terraces. Unit sizes vary from approximately 500 sq ft to over 3,700 sq ft, with prices starting at US$1.015 million ($1.38 million) for a one-bedroom unit.

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When considering the purchase of a Singapore condo, it is crucial to factor in the maintenance and management of the property. Condos typically have maintenance fees that cover the upkeep of shared spaces and amenities. While these fees may increase the overall cost of owning a Singapore condo, they contribute to maintaining the property’s condition and preserving its value. To alleviate the responsibility of managing their Singapore condo, investors can seek assistance from a property management company. This transforms the investment into a more passive one, as the company handles the day-to-day management tasks.

Originally designed by renowned New York architect Emery Roth in 1927 as the Hotel Marcy, the 17-storey building has been transformed into a modern masterpiece. The Renaissance Revival-style facade has been meticulously preserved by the developers, who have also added two floors to accommodate the penthouse duplexes. The interior of the building has been redesigned by renowned designer Thomas Juul-Hansen.

The development offers over 30,000 sq ft of luxurious amenities, including a fitness centre, private bar and dining room, library, co-working spaces, outdoor terraces and courtyards, private parking, and bike storage. Interested buyers can attend the presentation by Savills Singapore at the voco Orchard Hotel on Jan 11 and 12. The event will also feature a seminar on the New York real estate market at 3pm on both days.…

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