Novaortografia Condo

managed by Ascott (Jakarta)

Ayana Bali, a vast 90ha integrated resort in scenic Bali, Indonesia, has recently announced its newest residential offering – the Alamanda Tower. This apartment complex consists of 26 luxurious one- and two-bedroom residences that are available for long-term lease, with a minimum stay of one month.

Situated within the Ayana Bali estate, Alamanda Tower is part of the exclusive Ayana Residences collection. This stunning resort boasts four hotels – Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali and Rimba by Ayana Bali – as well as the acclaimed Ayana Spa, a golf putting course, a private beach, multiple event venues, and a plethora of 30 dining establishments.

Residents of Alamanda Tower will have access to three rooftop pools within the complex, as well as the facilities at the Ayana Residences community center, which includes a fully-equipped gym, a lap pool, and a luxurious sauna and steam room. In addition, the dedicated concierge team will cater to every need, and bi-weekly housekeeping services will ensure a hassle-free living experience. Residents can also take advantage of the buggy service provided within Ayana Bali and enjoy a discount on all dining and selected spa services.

One-bedroom units at Alamanda Tower cover 1,173 sq ft and are priced from approximately IDR70 million ($5,896) per month. The two-bedroom units, on the other hand, range from 1,647 sq ft to 2,648 sq ft, with prices starting from about IDR100 million per month. For those seeking the ultimate indulgence, some two-bedroom units come with a private pool and offer generous living space ranging from 2,045 to 2,648 sq ft, with prices starting from about IDR120 million per month.

The real estate market in Singapore is highly competitive due to the limited availability of land. As a result of its small size and growing population, the country is facing a shortage of land for development. This has led to strict regulations on land use and consistently rising property prices. In such a climate, condos have become a highly sought-after form of real estate investment. The potential for significant capital appreciation has made it a profitable venture for investors. Moreover, the recent introduction of new condo launches has further intensified the demand for condos in Singapore. These launches provide buyers with the opportunity to acquire a desirable property in a highly coveted market. Considering the scarcity of land and the competitiveness of the real estate industry, it is expected that the demand for condos in Singapore will continue to remain strong. In fact, with the addition of New Condo Launches, the demand is predicted to only increase in the near future.

Ayana Bali is managed by the renowned Ayana Hospitality group, which also operates properties in Jakarta and Labuan Bajo. With its strategic location along the coastline of Jimbaran Bay, world-class facilities, and top-notch services, Ayana Bali is truly a paradise on earth and the epitome of luxury living.…

Surbana Jurong Group has announced the appointment of Professor Cheong Koon Hean to its board of directors in a press release on Jan 6. The renowned Professor’s addition to the board will enhance the company’s capabilities in delivering pioneering, resilient, and sustainable solutions for the built environment.

Professor Cheong brings with her a wealth of experience, having served as the CEO of HDB from 2010 to 2020, and previously, as the CEO of URA from 2004 to 2010. She currently holds the position of Professor of Practice and Lee Kuan Yew Centre Chair for Innovative Cities at the Singapore University of Technology and Design. She also serves as the Chairman of the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

Investing in a condominium in Singapore has become an increasingly sought-after option for both local and foreign investors. This is largely due to the city-state’s strong economy, stable political climate, and exceptional quality of life. The real estate market in Singapore presents a plethora of opportunities, with condos standing out for their convenience, amenities, and potential for lucrative returns. For those looking to venture into this market, here are some key benefits, considerations, and steps to take when investing in a condo in Singapore. Additionally, it is worth keeping an eye on the latest New Condo Launches, as they may offer attractive opportunities for investment.

In addition to these roles, Professor Cheong serves on the boards of the National University of Singapore and CapitaLand Group. She is also Singapore’s non-resident ambassador to Finland.

Her extensive expertise and vast knowledge in the areas of urban planning, design and development, and sustainable living make her a valuable addition to Surbana Jurong’s board of directors.

In a time where the need for smart and sustainable buildings is increasingly important, Professor Cheong’s appointment reinforces Surbana Jurong’s commitment to creating a greener future through innovation and excellence.…

A prime freehold condominium, River Valley Apartments, located on River Valley Road in District 10, has recently been put up for collective sale through a public tender. According to a press release on January 6th by Knight Frank Singapore, the exclusive marketing agent, the property is priced at $56 million.

Built in the 1950s, this four-storey development consists of 24 units and occupies an area of approximately 12,408 sq ft. It is zoned for residential use with a gross plot ratio of 2.8. The location is highly desirable, being only 500m away from the Great World MRT Station on the Thomson-East Coast Line. In addition, residents can easily access nearby amenities such as Great World City and Valley Point Shopping Centre. There are also excellent schools in the vicinity, with River Valley Primary School and Alexandra Primary School within a 1km radius.

With a potential to be redeveloped into a boutique residential development, the site can accommodate up to 37 new units, each with an average size of 915 sq ft. This information was provided by Knight Frank. The guide price of $56 million equates to a land rate of approximately $1,622 psf per plot ratio (psf ppr), including a nominal land betterment charge. Taking into account the 7% bonus gross floor area allowed for balconies, the price translates to approximately $1,583 psf ppr.

According to Chia Mein Mein, the Head of Capital Markets (land and collective sale) at Knight Frank Singapore, the property is conveniently located near three Government Land Sale (GLS) sites that were sold last year. In April 2024, Zion Road (Parcel A) was awarded to a joint venture between City Developments and Mitsui Fudosan for $1.107 billion ($1,202 psf ppr). In June 2024, a GLS site at River Valley Green was sold for $463.99 million ($1,325 psf ppr) to Wing Tai Holdings. Two months later, Zion Road (Parcel B) was awarded to Allgreen Properties for $730.9 million ($1,304 psf ppr) in August.

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The scarcity of land in Singapore is a major factor driving the demand for condos in the country. As a small island with a fast-growing population, Singapore struggles with a limited amount of land available for development. This has resulted in strict land use regulations and a cut-throat real estate market, where property prices are constantly on the rise. As a result, investing in real estate, especially in condos, has become a highly attractive endeavor, with the potential for significant capital appreciation. Singapore Projects only add to the appeal of this lucrative investment opportunity.

Chia mentioned, “While the home sales activity in the Central Region was lacklustre, the interest in the River Valley and Zion Road location demonstrates that developers continue to be attracted to this area, perhaps possessing the belief that when these projects are ready for launch, there will be ready demand for prime products after a long period of subdued activity.” It is estimated by Knight Frank that owners of the units at River Valley Apartments, ranging between 947 and 1,238 sq ft in size, could receive sale proceeds of at least $2 million to $2.6 million if the development is sold.

The tender for the collective sale of River Valley Apartments will close on February 18th at 3pm. Interested buyers can refer to the latest listings on the property and also check out past rental and sales transactions of the condo. Buddy, an online tool, is also available for buyers to obtain information about profitable and unprofitable transactions as well as the price trend chart for River Valley Apartments.…

The Urban Redevelopment Authority (URA) has given the green light for the voluntary conservation of Golden Mile Tower, subject to the successful sale of the 99-year leasehold development in a collective sale and the proposed redevelopment plans by the new developer.

According to documents obtained by EdgeProp Singapore, the government has expressed its willingness to consider increasing the site’s allowable gross plot ratio (GPR) from 4.46 to 5.6, based on the current site area of 93,902.5 sq ft, if the developer chooses to conserve the existing cinema block.

This higher GPR would subsequently result in a significant increase in the allowable gross floor area (GFA) for the redevelopment, from the current 419,142 sq ft to 525,854 sq ft. In addition, the voluntary conservation would also allow for a taller maximum building height of 164m, compared to the current limit of 145m.

The recent collective sale attempt by the owners of Golden Mile Tower last August had a reserve price of $556 million, marking the third unsuccessful en bloc attempt to sell and redevelop the property.

Anna Tan, business development director at Tag Realty (the marketing agent for the collective sale of Golden Mile Tower), confirmed that the reserve price remains unchanged, translating to a land rate of $1,350 per sq ft. However, this rate does not include land betterment charges, which may be applicable if the lease is renewed.

“The approval for voluntary conservation is significant as it presents an opportunity to redevelop Golden Mile Tower in light of the limited land supply along Beach Road and the potential for price appreciation due to ongoing rejuvenation efforts such as the launch of Golden Mile Singapore and the neighbouring Kallang Alive Masterplan,” Tan stated.

She also highlighted the potential for the new development to feature 5m floor-to-ceiling heights for commercial and hotel spaces, and 3.6m ceiling heights for residential units, due to the increased building height limit.

The approval for voluntary conservation of Golden Mile Tower is especially significant as its neighbouring property, Golden Mile Complex, was recently gazetted for conservation in 2021. The latter has been transformed into Golden Mile Singapore, developed jointly by Perennial Holdings and Far East Organization, with commercial units launched last December and residential units expected to be launched this quarter.

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Securing financing is a crucial element when considering an investment in a condo. In Singapore, there are various mortgage alternatives available, however, it is vital to have a thorough understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan an individual can obtain based on their income and current debt obligations. To make well-informed decisions about financing options and to avoid becoming over-leveraged, it is advisable for investors to collaborate with financial experts or mortgage brokers. Furthermore, checking out New Condo Launches can also provide valuable insights.

According to Tan, the redevelopment of Golden Mile Tower presents a unique opportunity to develop a new mixed-use property in a prime location along Beach Road. Its distinctive heritage and potential for future growth make it an attractive investment opportunity for both local and international investors.…

Over the weekend of January 4th and 5th, the sales gallery of Bagnall Haus at Upper East Coast received an impressive 1,500 visitors. Majority of the visitors were families and residents in the East, according to Teo Hong Lim, the executive chairman of Roxy-Pacific Holdings, the developer of Bagnall Haus. The 113-unit freehold condo, which is one of the first new project launches of 2025, is a redevelopment of the former Bagnall Court purchased for $115.28 million in January 2023.

Located within a five-minute walk from the upcoming Sungei Bedok MRT Interchange Station and Upper East Coast Bus Terminal, Bagnall Haus offers convenience to its residents. As the last new project launched in the Upper East Coast Road neighbourhood was 15 years ago, Bagnall Haus presents an excellent opportunity for buyers looking to invest in the area.

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The limited supply of land in Singapore is one of the main factors contributing to the high demand for condos in the country. As a small island with a quickly expanding population, Singapore is struggling with a shortage of land for construction. As a result, strict land use regulations have been implemented, and the real estate market has become highly competitive, causing property prices to continuously rise. As a result, investing in real estate, especially in Singapore projects, has become a profitable opportunity, offering the potential for significant capital appreciation.

With a variety of unit types ranging from one-bedroom plus flexi, starting at 495 sq ft to the spacious five-bedroom units of 1,528 sq ft, Bagnall Haus aims to cater to a diverse group of buyers including investors, owner-occupiers, singles, and families. Prices start from $1.235 million ($2,495 psf), with an average indicative price of $2,450 psf, according to the developer. Interested buyers can check out the latest listings for Bagnall Haus properties and ask Buddy for more information.

Additionally, Bagnall Haus offers a range of facilities and amenities for its residents, making it an ideal choice for those looking for a comfortable and convenient living space. The project also provides easy access to transportation, making it easier for residents to get around the city. With new launches and upcoming projects in the area, such as the Sungei Bedok MRT Interchange Station, Bagnall Haus presents a fantastic opportunity for buyers looking to invest in the growing Upper East Coast Road neighbourhood.…

Is it a Good Deal?: $1.05 mil for a three-room HDB flat at Queenstown with remaining lease of 56 years PROUD CUSTOMERS Rave reviews they’ve given it

The cityscape of Singapore boasts impressive skyscrapers and state-of-the-art infrastructure. Condominiums, situated in desirable locations, offer a harmonious blend of opulence and convenience that appeals to locals and foreigners alike. These residences are equipped with various facilities like pools, fitness centers, and security services, elevating the overall living experience and making them an attractive choice for potential renters and buyers. Investors also benefit from these sought-after features as they result in higher rental returns and a steady increase in property values over time. Additionally, the addition of Singapore Projects further enhances the appeal of these remarkable condominiums.

According to the HDB flash estimates released on Jan 2, the resale flat prices rose by 2.5% quarter-on-quarter (q-o-q) in 4Q2024, demonstrating a slight decrease from the 2.7% q-o-q growth recorded in the previous quarter. This marks the 19th consecutive quarter of price escalations in the HDB resale segment. The flash estimates revealed that the resale prices of HDB units increased by 9.6% in 2024, which is twice the growth of 4.9% recorded in 2023. However, the growth rate was still lower in comparison to the 10.4% increase in 2022 and the 12.7% escalation in 2021, as stated by Christine Sun, the chief researcher and strategist at OrangeTee Group.

The HDB caveat data extracted from data.gov.sg at 8.15am on Jan 2 indicated a slowdown in the price growth of some types of flats, as noted by OrangeTee. For instance, the median price of four-room flats registered a q-o-q increase of 2.5% in 4Q2024, which was a slower pace in comparison to the 3.4% rise recorded in 3Q2024. In a similar manner, the prices of two-room flats grew by 2% q-o-q in 4Q2024, which was slower than the 3.9% ascent witnessed in 3Q2024. Executive flats displayed a q-o-q price increase of 1.2% in 4Q2024, in contrast to the 1.7% surge in the previous quarter. On the other hand, the prices for five-room flats climbed 3.2% in 4Q2024, which was a faster growth rate when compared to the modest 1.2% escalation witnessed in 3Q2024.

Resale transactions volume decreased by 3.6% year-on-year (y-o-y) in 4Q2024

In 4Q2024, the resale transactions volume witnessed a y-o-y decline of 3.6%, with 6,314 units transacted, in comparison to the 6,547 units sold in 4Q2023. It observed a q-o-q drop of 22.5% from 8,142 units in 3Q2024 to the current 6,314 units.

Sun attributed the decrease in HDB resale transactions to the overwhelming launch of over 8,500 new flats during the October Build-to-Order (BTO) exercise, with most of the units located in key and highly sought-after locations. She stated, “The appealing features of these flats, including a scenic view and proximity to MRT stations, have diverted demand towards the BTO market, away from the resale market.” According to her, during the seasonal year-end school holidays, most Singaporeans travel abroad, resulting in the decline of house viewings and sales activities during this period.

Wong Siew Ying, the head of research and content at PropNex, asserted that the relatively slow growth in 4Q2024 was the result of the government intervention in August 2024. In this regard, the loan-to-value (LTV) limit for HDB loans was reduced by five percentage points to 75%. She seems confident that the previously mentioned measures are taking effect, stating that the weaker sales and slow growth in the HDB resale price index in 4Q2024 are likely to be the result of the measures. She added, “Moreover, the lower resale volume during the quarter may have contributed to the sluggish growth in prices.”

Resale volume of million-dollar flats witnessed a decline in 4Q2024

The decline in resale transactions volume in 4Q2024 resulted in a decrease in the volume of transactions for million-dollar flats. It observed the sale of only 283 units, down from 331 units in 3Q2024. However, it recorded the highest number of transactions for million-dollar flats, i.e. 1,033 units in 2024. Sun from OrangeTee observed that the previously mentioned figures have doubled from the 469 million-dollar transactions observed in the previous year.

Toa Payoh displayed the most transactions for million-dollar resale flats in 4Q2024, with 58 of them sold. Twenty of these units belonged to four- and five-room flats at Alkaff Vista in Bidadari Park Drive, as they have recently surpassed the minimum occupation period (MOP).

“The new classification of Plus and Prime classification BTO flats may have contributed to the rise in HDB resale home purchases in central locations,” declared Eugene Lim, the key executive officer at ERA Singapore. He added that these buyers are unwilling to comply with the resale restrictions like the 10-year MOP, rental restrictions after MOP, subsidy clawback upon resale, and resale income cap on future buyers.

OrangeTee has projected that HDB resale prices will continue to rise but at a slower rate in 2025. Prices have already reached new highs in most areas, resulting in affordability concerns for potential buyers. As per Sun, the ongoing supply of BTO flats is expected to moderate the price growth in the secondary market. However, the degree of price stabilisation will depend on the number of BTO flats released in the upcoming years.

In February 2025, HDB will conduct the largest sale of balance flats (SBF) exercise, offering over 5,500 flats across various towns. Lee Sze Teck, the senior director of data analytics at Huttons Asia, added, “Some potential resale flat buyers are waiting for their luck to strike, while others may opt for BTO flats.”

Agreeing with Lee, housing demand is anticipated to remain strong, supporting the HDB resale market in 2025. Hence, prices of resale flats are likely to stay firm, as noted by Wong from PropNex. She believes that the resale flats will continue to grab the interest of those in dire need of housing, applicants who are unable to secure a BTO flat, and families with a tight housing budget. PropNex anticipated that the HDB resale flat prices would record a growth rate of 5% to 7% in 2025, coupled with the predicted resale volume of 29,000 to 30,000 units.

The supply of BTO flats in 2025 is expected to fall to 17,290 units, which is approximately 12% lower in comparison to 2024’s supply. As there is currently no upfront information regarding the BTO projects with a shorter waiting time, buyers are likely to turn to the resale market, as noted by Lee. He further added that, due to the lower interest rates that are expected to continue in 2025, prospective buyers may opt for executive condo (EC) or resale condos. As per his projections, the million-dollar flat market may register stabilisation within the range of 900 to 1,200 units in 2025. According to Huttons, HDB resale flat transactions may reach 26,000 to 28,000 by the end of 2025, with a slower growth rate of 5% to 8% in the prices of resale flats.…

New HDB flash estimates, released on January 2, have indicated a 2.5% increase in resale flat prices q-o-q during the 4th quarter of 2024. This is a slight decrease in comparison to the 2.7% growth recorded in the previous quarter. It marks the 19th straight quarter of price increases in this segment.

A crucial factor to keep in mind for condo investment in Singapore is the government’s property cooling measures. To maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented several measures over the years. Among these measures is the Additional Buyer’s Stamp Duty (ABSD), which levies higher taxes on foreign buyers and individuals purchasing multiple properties. Though these measures may affect the immediate profitability of condo investments, they also play a vital role in ensuring the long-term stability of the market, making it a secure investment environment. Furthermore, with the addition of Singapore Projects, investors can take advantage of the various opportunities in the market while also adhering to the government’s regulations.

According to chief researcher and strategist at OrangeTee Group, Christine Sun, the flash estimates reveal a 9.6% growth in HDB resale prices for 2024, which is double the 4.9% increase seen in 2023. However, it is still slower than the 10.4% growth in 2022 and 12.7% growth in 2021.

OrangeTee noted that data from HDB caveats from data.gov.sg downloaded at 8.15am on January 2 showed a slowdown in price growth for certain flat types. For instance, the median price of four-room flats saw a 2.5% q-o-q increase in the 4th quarter of 2024, slower than the 3.4% growth in the 3rd quarter.

Similarly, two-room flats saw a 2% q-o-q increase in the 4th quarter of 2024, compared to a 3.9% growth in the 3rd quarter. Executive flats also registered a 1.2% q-o-q price increase in the 4th quarter, down from 1.7% in the previous quarter.

On the other hand, prices for five-room flats grew by 3.2% in the 4th quarter of 2024, faster than the 1.2% increase in the 3rd quarter.

The 4th quarter of 2024 also saw a 3.6% decline in resale volume compared to the same period in 2023, with 6,314 units changing hands. This was also a 22.5% decrease from the 3rd quarter of 2024, which saw 8,142 units sold.

Sun attributes this decline in HDB resale transactions to the launch of over 8,500 new flats in the October Build-to-Order (BTO) exercise. These attractive flats, with features such as scenic views and proximity to MRT stations, diverted demand away from the resale market towards the BTO market. Additionally, the decrease in sales and market activities during the year-end school holidays also contributed to this decline.

Meanwhile, for PropNex’s head of research and content, Wong Siew Ying, the slower pace of growth in the 4th quarter of 2024 could be attributed to government intervention in August of that year. This was when the loan-to-value limit for HDB loans was reduced by 5 percentage points to 75%.

The total resale volume in 2024 was 28,876 units, which is an 8% increase from 2023’s 26,735 units. However, it is still lower than the peak of 31,017 units in 2021.

The decline in resale transactions in the 4th quarter of 2024 also led to a decrease in million-dollar flat transactions to 283 units, down from 331 units in the 3rd quarter. Despite this decrease, 2024 still saw a record high of 1,033 million-dollar transactions, more than double the 469 transactions in the previous year.

Toa Payoh town led the million-dollar resale flat deals in the 4th quarter of 2024, with 58 transactions. 20 of these transactions were for four- and five-room units in Alkaff Vista, located in Bidadari Park Drive, after having completed the five-year minimum occupation period (MOP).

ERA Singapore’s key executive officer, Eugene Lim, believes that the new classification of Plus and Prime classification BTO flats may have also driven homebuyers to seek out HDB resale homes in central locations. These buyers are not willing to accept the resale restrictions such as a 10-year MOP, rental restrictions after MOP, subsidy clawback upon resale, and a resale income cap on future buyers.

OrangeTee predicts that HDB resale prices will continue to rise in 2025, although at a slower pace than previous years. This has led to concerns about affordability for potential buyers, as prices have already reached new highs in many areas.

Furthermore, the ongoing supply of BTO flats is expected to help moderate price growth in the secondary market. However, the degree of price stabilization will depend on the number of BTO flats released by the government in the upcoming years.

In February 2025, HDB will launch its largest Sale of Balance Flats (SBF) exercise, offering more than 5,500 flats across various towns. Lee Sze Teck, senior director of data analytics at Huttons Asia, believes that this may divert some prospective resale flat buyers, who are waiting for their chance to secure a unit.

Moving forward, ERA expects resale prices to grow at a more measured pace in 2025 due to a lower supply of flats reaching their MOP. Hence, they anticipate a 3% to 6% growth in HDB resale prices, with 26,000 to 27,000 units sold by the end of 2025.

On the other hand, PropNex expects the HDB resale market to remain strong in 2025, backed by healthy housing demand and a lower supply of MOP flats. This will likely keep resale prices firm, and the market will also attract strong buying interest from those with more immediate housing needs, those who did not secure a BTO flat, and those on a tighter housing budget.

PropNex projects a 5% to 7% increase in HDB resale flat prices in 2025, with an expected resale volume of 29,000 to 30,000 units.

Huttons projects that HDB resale flat transactions will end the year at 26,000 to 28,000, with resale flat prices likely to grow at a slower pace of 5% to 8%. They also expect the supply of BTO flats to decrease by 12% in 2025, which could lead buyers to turn towards the resale market. Overall, the million-dollar flat market may stabilize at around 900 to 1,200 units in 2025.

The potential for lower interest rates in 2025 may also encourage buyers to consider purchasing an executive condo or a resale condo instead. With this in mind, buyers may still opt for HDB resale flats, as the supply for BTO flats is expected to decrease in the upcoming year.…

The bustling cityscape of Singapore is characterized by towering skyscrapers and advanced infrastructure. The city’s prime locations are dotted with sophisticated condos, offering residents a harmonious mix of opulence and convenience. These lavish residences boast a plethora of facilities, including swimming pools, fitness centers, and security services, elevating the overall living experience and making them highly sought after by both locals and foreigners. From an investment perspective, these desirable features also translate into attractive rental returns and long-term property appreciation. Singapore Condos truly embody the epitome of luxury living in the urban metropolis.

Roxy-Pacific Holdings, a property developer, will be giving a sneak peek of its new freehold project, Bagnall Haus, located along Upper East Coast Road on January 4. The new development is a result of the redevelopment of the former Bagnall Court, which was acquired by Roxy-Pacific for $115.28 million in February 2023. The land rate for the project was calculated to be $1,106 psf ppr.

Bagnall Haus is a five-storey building with 113 residential units and two shop units. The units range from one-bedroom plus flexi apartments of 495 sq ft to five-bedroom units of 1,528 sq ft. The starting price for a one-bedroom plus flexi unit is $1.235 million ($2,495 psf).

Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, has revealed that the average indicative price for Bagnall Haus will be around $2,450 psf. The official launch date is yet to be determined and will be announced after the preview this weekend.

The upcoming Sungei Bedok MRT Interchange Station for the Thomson-East Coast (TEL) and Downtown (DTL) lines is within a five-minute walk from Bagnall Haus. It is also conveniently located near the Upper East Coast Bus Terminal. Moreover, it is situated across the road from a future commercial and residential mixed-use development in the Bayshore precinct, which means residents of Bagnall Haus will have access to a wide range of amenities.

The last private condominium launched in the Upper East Coast neighbourhood of District 16 was Eastwood Regency, a freehold boutique apartment with only 75 units by Fragrance Group. It was launched and completed in 2010. The neighbouring Country Park Condo, a freehold development with 160 units by UOL Group, was launched in 1999 and completed in 2003. Another neighbouring development is Eastwood Centre, a mixed-use development with 48 residential units, which was launched in 1996 and completed in 1998.

The immediate vicinity of Bagnall Haus features amenities such as the upcoming Bedok Food Court, Eastwood Centre with a Cold Storage supermarket, medical clinic, dentist, nail and beauty spa, and pet shop. Several schools are also located nearby, including Temasek Primary and Temasek Secondary School, Bedok Green Primary School, and Anglican High School.

For those interested in Bagnall Haus, you may check the latest property listings or reach out to Ask Buddy. Other useful information that can be found on the website includes condo rental listings in District 16, recently launched projects, condo sale transactions in District 16, price trend comparisons between HDB, condo, and landed properties, and the total number of units in Bagnall Haus.…

City Developments Limited (CDL), Frasers Property and Sekisui House are gearing up to launch The Orie, a 777-unit private condo, on Jan 3, with an official launch date set for Jan 18. Located at Lorong 1 Toa Payoh, at the intersection with Lorong 4 Toa Payoh, the twin 40-storey towers will offer a mix of one-bedroom plus study units ranging from 517 sq ft to five-bedroom apartments of 1,453 sq ft, with prices starting from $1.28 million for a one-bedroom plus study unit and going up to $3.48 million for a five-bedroom unit with an exclusive private lift. The Orie is the first private residential project to be launched in Toa Payoh since 2016, when the 578-unit Gem Residences was launched and completed in 2020.The joint venture between the three major developers was formed after they placed the highest bid of $968 million for the Government Land Sales (GLS) site at Lorong 1 Toa Payoh, translating to a land rate of $1,360 psf per plot ratio (ppr) for the site. The project, with a 50:25:25 split between CDL, Frasers Property and Sekisui House, aims to cater to homebuyers seeking a central location and excellent connectivity, with the Braddell MRT Station on the North-South Line (NSL) a five-minute walk away and the Toa Payoh Integrated Transport Hub nearby, which will connect Toa Payoh Bus Interchange to the MRT station and comprise a 12-ha integrated development and community hub that is set to be completed by 2030.The Toa Payoh community is also home to various amenities, including the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and MacRitchie Reservoir. Families will also benefit from the proximity to schools in the area, such as Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools and First Toa Payoh Primary School. As for healthcare facilities, residents can easily access the Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital and Thomson Medical Centre.Boasting over 40 condominium facilities and units with efficient layouts, quality fittings by Hansgrohe, bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung, The Orie promises a luxurious and energy-efficient living experience. The project marks a new partnership between Japanese developer Sekisui House and CDL, while the collaboration between Sekisui House and Frasers Property has been ongoing for the past 13 years.

Investing in a Singapore condo has become a popular choice for both local and international investors. The country’s strong economy, stable political climate, and high standard of living make it an attractive prospect for those looking to invest in real estate. With a thriving real estate market, Singapore offers a plethora of opportunities, with condos being a particularly sought-after option due to their convenience, amenities, and potential for profitable returns. In this article, we will explore the benefits, essential considerations, and crucial steps to take when investing in a Singapore condo.…

Starting January 1, ERA Singapore will no longer cover the annual Council for Estate Agencies (CEA) license renewal fees for its real estate agents, a longtime goodwill practice that has been in place for the past seven years. This gesture, which even continued throughout the COVID-19 pandemic, has been a significant show of ERA’s support for its agents.

In a statement, ERA announced that this decision was made in order to redirect resources towards initiatives that would enhance growth and success for its leading salesforce, as well as benefit consumers. However, new agents will still receive support as ERA will continue to cover their renewal fees for the first two years, a common industry practice that helps newcomers establish themselves.

ERA also addressed the issue of inactive agents shifting between agencies solely to take advantage of the fee coverage, by discontinuing this benefit. This has resulted in a small reduction of around 300 agents, most of whom were inactive or part-time salespersons with no transactions in the past year, according to the firm.

On the other hand, ERA has also welcomed approximately 230 new professional agents who joined the agency on January 1, showcasing its continued appeal to active and aspiring real estate agents.

When purchasing a condominium, the maintenance and management of the property should not be overlooked. Most condos have maintenance fees, which are used for maintaining shared spaces and amenities. Although these fees may increase the overall expenses, they play a crucial role in keeping the property well-maintained and valuable. Hiring a property management company can also be beneficial as they can take care of the daily tasks associated with managing the condo, making it a less hands-on investment. Moreover, Singapore Projects should also be considered when investing in a condominium.

CEO of ERA Singapore, Marcus Chu, commented on the decision to discontinue the renewal fee coverage, stating that the CEA is currently reviewing the need for a minimum transaction requirement for real estate salespersons. This highlights the importance of active participation and continuous professional development in the industry.

Chu further explained, “By reallocating resources towards technology, training, and marketing, we reaffirm our commitment to empowering our core team of results-driven salespersons to excel and deliver exceptional value to clients.” This demonstrates ERA’s dedication to investing in and supporting its salesforce, by providing them with the tools and training they need to succeed in the competitive real estate market.…