Timeless Elegance: The Allure of District 15’s Emerald of Katong

As you step into the vibrant heart of Tanjong Katong, you’ll discover a haven of modern luxury that whispers secrets of the past. Emerald of Katong, a masterpiece by Sim Lian Group, beckons you to experience the perfect blend of contemporary sophistication and rich heritage. Imagine waking up to a world where every moment is a testament to elegance, where every aspect of your life is elevated by innovative design, luxurious amenities, and superior accessibility. Welcome to your new haven, where the essence of timeless sophistication awaits.

The Jewel of District 15

While District 15 is renowned for its rich history, cultural diversity, and vibrant lifestyle, one residential development stands out from the rest – Emerald of Katong. This stunning condominium complex is an oasis of modern living, seamlessly fusing contemporary luxury with the heritage of its surroundings.

Unparalleled Location

To experience the best of urban living, you need a location that offers the perfect blend of convenience, accessibility, and luxury. Emerald of Katong delivers just that, situated in the heart of vibrant Tanjong Katong, with major city attractions just a stone’s throw away. Whether you’re heading to work or play, you’ll appreciate the ease of travel, thanks to its close proximity to public transportation networks, including Tanjong Katong MRT Station and Tanjong Katong Bus Stop.

Taking it a step further, Emerald of Katong is also conveniently connected to the Thomson-East Coast Line, providing you with greater mobility and a convenient place to live on-the-go. Imagine being able to explore the city with ease, without sacrificing the tranquility and charm of your neighborhood.

Rich Heritage and Cultural Diversity

For those who appreciate the beauty of cultural diversity, Emerald of Katong is a treasure trove of experiences. You’ll be surrounded by the rich heritage of Tanjong Katong, with its unique blend of Peranakan, Eurasian, and Chinese influences. From traditional shophouses to modern amenities, every aspect of this neighborhood is steeped in history and character.

Take a stroll down Katong Joo Chiat, and you’ll discover a world of culinary delights, from traditional coffee shops to modern eateries. Explore the iconic Katong Shopping Centre, I12 Katong, and Parkway Parade, and you’ll find a shopper’s paradise. With Emerald of Katong, you’ll be living in the heart of a vibrant, eclectic community that will enrich your life in countless ways.

Cultural diversity is woven into the very fabric of Emerald of Katong, where you’ll find a community that celebrates its heritage with pride. From cultural festivals to traditional events, you’ll be immersed in a world of color, music, and flavor, making every day a new adventure.

Luxurious Living Redefined

One of the most alluring aspects of Emerald of Katong is its promise to redefine the concept of luxurious living in District 15. This esteemed residential development offers a unique blend of modern luxury and timeless elegance, making it the perfect abode for discerning homebuyers.

Exquisite Residential Units

On entering the majestic towers of Emerald of Katong, you’ll be greeted by 846 exquisitely designed residential units that cater to the diversified needs of modern families. From intimate 1-bedroom + study apartments to spacious 5-bedroom residences, each unit is meticulously crafted to provide maximum comfort and style. With sleek lines, modern fixtures, and lavish finishes, these residences embody the essence of luxurious living. Whether you’re a young professional, a growing family, or an empty nester, you’ll find a unit that perfectly suits your lifestyle and preferences. The thoughtful design and attention to detail ensure that every moment spent in your Emerald of Katong home is a testament to the epitome of luxury and sophistication.

Innovative Design and Superior Accessibility

Redefining the norms of urban living, Emerald of Katong boasts an innovative design that seamlessly integrates superior accessibility into its very fabric. With its proximity to Tanjong Katong MRT Station and Tanjong Katong Bus Stop, traveling across the island becomes a breeze. The development’s connection to the Thomson-East Coast Line further enhances its accessibility, making it an ideal choice for urban dwellers who crave convenience and mobility. Luxurious amenities and superior accessibility converge to create a living experience that is truly unparalleled. Imagine being able to effortlessly travel to work or leisure destinations, and then returning to a tranquil oasis that offers a plethora of luxurious amenities designed to pamper and indulge. This is the essence of Emerald of Katong, where every aspect of your life is elevated to new heights.

Convenience and Connectivity

Some of the most significant advantages of living in Emerald of Katong are the unparalleled convenience and connectivity it offers. This luxurious residential development is strategically located to provide you with effortless access to public transportation, top-quality educational institutions, and a plethora of recreational facilities, making it the perfect haven for modern urban dwellers.

Easy Access to Public Transportation

For those who value convenience, Emerald of Katong’s proximity to public transportation networks is a major draw. Just minutes away from Tanjong Katong MRT Station lies Tanjong Katong Bus Stop, allowing you to travel seamlessly across the island for work or leisure. Moreover, the development’s connection to the Thomson-East Coast Line provides you with even greater mobility, making it an ideal location for those who are always on-the-go.

Imagine being able to zip around the city with ease, without having to worry about traffic congestion or parking woes. With Emerald of Katong, you can enjoy the freedom to explore Singapore’s many attractions, from the vibrant streets of Chinatown to the picturesque Gardens by the Bay, all at your fingertips.

Close Proximity to Top-Quality Educational Institutions

An excellent education is a top priority for many families, and Emerald of Katong delivers on this front. The development is situated within a mile radius of esteemed institutions such as Tanjong Katong Primary School and Haig Girls’ School, providing your children with access to quality instruction right on your doorstep.

The peace of mind that comes with knowing your child is receiving a top-notch education, combined with the convenience of having these institutions mere minutes away, is priceless. You can rest assured that your child’s educational needs are well taken care of, allowing you to focus on other aspects of your life.

The proximity to these institutions also means that you can spend more quality time with your family, rather than wasting hours on daily commutes. Imagine being able to attend school events, sports days, and parent-teacher conferences with ease, all while enjoying the luxurious comforts of your Emerald of Katong home.

A World of Amenities and Recreation

Not only does Emerald of Katong offer you a luxurious living space, but it also provides you with a world of amenities and recreation at your doorstep.

Luxurious Features and Facilities

The epitome of luxury living, Emerald of Katong boasts an impressive array of amenities designed to elevate your lifestyle to new heights. From lounging by the poolside to playing tennis, working out at the state-of-the-art gym, or hosting gatherings in the elegant function rooms, there’s something here for everyone to enjoy. The amenities have been thoughtfully planned with meticulous care, with luxurious features in every aspect that aim to elevate the residential experience.

The attention to detail is evident in every facility, ensuring that you can indulge in your favorite activities or simply relax and unwind in style. Whether you’re a fitness enthusiast, a social butterfly, or just someone who appreciates the finer things in life, Emerald of Katong’s luxurious features and facilities have got you covered.

Abundance of Retail and Recreational Opportunities

Features like proximity to top-quality educational institutions, such as Tanjong Katong Primary School and Haig Girls’ School, make Emerald of Katong an ideal choice for families. But that’s not all – you’ll also have access to an abundance of retail therapy opportunities, with iconic shopping centers like Katong Shopping Centre, I12 Katong, and Parkway Parade just a stone’s throw away.

Abundance is the word that comes to mind when describing the recreational facilities available to you at Emerald of Katong. From the scenic East Coast Park to the Katong Park Connector, and the heritage-rich Katong Joo Chiat, you’ll be spoiled for choice when it comes to entertainment and engagement. Whether you’re an outdoor enthusiast, a foodie, or simply someone who appreciates the rich cultural heritage of the area, Emerald of Katong offers you a lifestyle that’s truly unparalleled.

Final Words

Considering all points, you’ve undoubtedly fallen under the spell of Emerald of Katong, District 15’s crowning jewel. This majestic residential development has captured the essence of timeless elegance, blending seamlessly into the rich heritage of its surroundings. As you envision yourself residing in this oasis of modern luxury, you can’t help but be drawn to the allure of its innovative design, luxurious amenities, and superior accessibility.

Imagine waking up every morning in your exquisitely designed abode, surrounded by the vibrant charm of Tanjong Katong. With Emerald of Katong, you’ll experience the perfect blend of comfort, style, and convenience, tailored to your every need. Whether you’re an avid homeowner seeking your ideal residence or a savvy investor looking for lucrative opportunities, this gem promises to transform your urban living experience in Singapore. So, take the first step towards embracing the epitome of luxurious comfort and convenience – visit the Emerald of Katong showflat today and discover the secrets of this timeless treasure.

If you are looking for home in the East that can move in immediately, Amber Park and Coastline Residences are two of the most sought after properties right now.

Sail into Luxury: Singapores Most Exquisite Waterfront Properties

Discover the ultimate in luxury living with Singapore’s most exquisite waterfront properties. Get ready to set sail into opulence!

A single orange rose is blooming in the gardenImage courtesy of king Ho via Pexels

When it comes to luxury living in Singapore, waterfront properties take center stage. With serene views, modern amenities, and a peaceful escape from the city bustle, these coastal charms are making waves in the real estate market. Let’s delve into some of the most exquisite waterfront properties that Singapore has to offer.

Sentosa Cove: The Ultimate Luxury Destination

Sentosa Cove stands as a beacon of exclusivity on Sentosa Island, boasting luxurious beachfront villas and waterfront homes that redefine opulent living. The allure of Sentosa Cove lies not only in its stunning properties but also in the range of upscale amenities and attractions that cater to the needs of the affluent residents.

Marina Bay Residences: Living on Singapore’s Iconic Waterfront

Marina Bay Residences offers a luxurious high-rise living experience on the iconic Marina Bay waterfront. The residences provide residents with breathtaking panoramic views of the city skyline and the shimmering waters, creating a picture-perfect backdrop for modern city living. With world-class amenities and entertainment options in the Marina Bay area, residents are treated to a lifestyle of luxury and convenience.

East Coast Park: Waterfront Living for the Active Lifestyle

East Coast Park is a vibrant coastal destination that blends recreational activities with residential living. The area caters to residents with an active lifestyle, offering opportunities for cycling, jogging, water sports, and more. Waterfront properties in East Coast Park provide a unique living experience that combines the beauty of nature with the buzz of urban living.

Reflections at Keppel Bay: Modern Architecture Meets Waterfront Living

Reflections at Keppel Bay stands out as a masterpiece of modern architecture along the waterfront. Designed by renowned architect Daniel Libeskind, the development features innovative design elements such as curved towers and lush greenery, creating a harmonious blend of nature and contemporary luxury. Residents at Reflections at Keppel Bay enjoy a waterfront lifestyle with access to top-notch amenities and facilities.

Investing in Waterfront Properties in Singapore: Opportunities and Considerations

For investors looking to capitalize on the allure of waterfront properties in Singapore, there are ample opportunities in the current market. With growing demand for coastal properties, investing in waterfront real estate can yield profitable returns. However, investors should carefully consider factors such as location, amenities, and rental yield before making a real estate investment decision in Singapore’s waterfront properties.

In conclusion, Singapore’s waterfront properties offer a luxurious escape from the urban hustle, providing residents with a mix of stunning views, modern amenities, and waterfront lifestyle experiences. Whether it’s the upscale beachfront villas of Sentosa Cove, the panoramic views of Marina Bay Residences, the active living in East Coast Park where Coastline Residences is situated nearby, or the innovative design of Reflections at Keppel Bay, Singapore’s coastal charms cater to diverse preferences and lifestyles. Explore the world of waterfront living in Singapore and embark on a journey of luxury, serenity, and seaside sophistication.

 

Singapore Rental Market 2024: A Crystal Ball Look into the Future

Unlocking the mysteries of the Singapore rental market in 2024: What does the future hold for tenants and landlords?

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The Singapore rental market has always been a dynamic and ever-changing landscape, influenced by various factors such as economic conditions, population growth, and government policies. As we look ahead to 2024, it is crucial for both tenants and landlords to stay informed about the latest trends and forecasts shaping the rental market in Singapore.

Current State of the Rental Market in Singapore

Currently, rental prices in Singapore vary significantly depending on the neighborhood and type of property. According to recent data, areas such as Orchard Road and Marina Bay command higher rental prices due to their central locations and proximity to amenities. On the other hand, suburban areas like Jurong and Woodlands offer more affordable rental options.

Factors such as job opportunities, transportation accessibility, and nearby schools and shopping centers play a significant role in influencing rental demand in different parts of Singapore. Additionally, the COVID-19 pandemic has had a noticeable impact on the rental market, with many tenants opting to downsize or relocate due to remote work arrangements and changing lifestyle preferences.

Looking ahead to 2024, several trends are expected to shape the rental market in Singapore. One key trend is the rise of co-living spaces and shared accommodation options, catering to young professionals and expatriates looking for a sense of community and affordability.

Another trend to watch out for is the preference for flexible lease terms and the increasing popularity of digital rental platforms. Tenants are seeking more convenient and hassle-free rental experiences, leading to a surge in online rental listings and virtual property viewings.

Furthermore, there is a growing emphasis on sustainability and eco-friendly housing options in the rental market. Landlords and property developers are increasingly incorporating green technologies and energy-efficient features into their rental properties to attract environmentally conscious tenants.

Forecasts for the Singapore Rental Market in 2024

When it comes to forecasting the rental market in 2024, experts predict a mixed outlook. While rental prices are expected to remain relatively stable in some areas, there may be fluctuations in rental demand and vacancy rates due to changing economic conditions and global events.

Projections indicate that rental prices in central business districts may see a slight increase, driven by demand from corporate tenants and foreign professionals. However, suburban areas could experience a decrease in rental prices as tenants prioritize affordability and larger living spaces.

In terms of rental property development such as The Chuan Park Singapore, there is a forecast for continued growth in the construction of mixed-use developments and integrated communities. These developments aim to provide a diverse range of amenities and services within close proximity, offering convenience and a higher quality of life for residents.

Strategies for Navigating the Rental Market in 2024

As tenants and landlords navigate the evolving rental market in 2024, it is important to adopt strategic approaches to secure the best deals and maximize returns. For tenants, negotiating rental prices and exploring different housing options can help save costs and find a suitable living arrangement.

For landlords and property investors, staying informed about market trends and rental regulations is essential for making informed decisions. It is also recommended to leverage digital platforms and marketing strategies to reach a wider audience of potential tenants and maximize rental income.

Lastly, resources such as property portals, real estate agencies, and rental market reports can provide valuable insights and guidance for both tenants and landlords seeking to navigate the competitive rental market in Singapore.

Conclusion

In conclusion, the Singapore rental market in 2024 presents opportunities and challenges for tenants and landlords alike. By staying informed about the latest trends and forecasts, individuals can make informed decisions and adapt to the changing dynamics of the rental market.

Whether you are a tenant looking for a new rental property or a landlord seeking to maximize your rental income, it is crucial to strategize and stay proactive in navigating the rental market in Singapore. By keeping a pulse on market trends and leveraging resources available, you can position yourself for success in the rental market of 2024.

 

Building a Brighter Future: How Infrastructure Investments Are Boosting Property Values in Singapore

Discover how smart infrastructure investments in Singapore are transforming property values and shaping the future of real estate development.

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When it comes to investing in real estate, one key factor that can significantly influence property values is the state of infrastructure in the area. In Singapore, the government has been making strategic investments in infrastructure to drive economic growth and enhance the quality of life for residents. In this blog post, we will explore the impact of infrastructure investments on property values in the city-state.

Current State of Infrastructure in Singapore

Singapore is known for its world-class infrastructure, with an extensive network of transportation systems, efficient utilities, and well-maintained public amenities. The government has continuously invested in upgrading and expanding infrastructure to support the country’s rapid development.

The Relationship Between Infrastructure and Property Values

There is a direct correlation between well-developed infrastructure and higher property values. Areas with good transportation links, easy access to amenities, and efficient utilities tend to command higher prices in the real estate market. This is because residents value the convenience and quality of life that comes with living in such locations.

Infrastructure Investments Driving Property Prices in Singapore

One example of infrastructure investments driving property prices in Singapore is the development of the Thomson-East Coast Line (TEL) MRT. With the announcement of the TEL, property prices along the planned route saw a significant increase as investors recognized the potential for capital appreciation and rental demand in the future. Once Thomson-East Coast line is completed in June 2024, residents at Emerald of Katong will have easy access to Tanjong Katong MRT Station and is just a few station away from Marina Bay Sand.

Another case is the opening of Jewel Changi Airport, a mixed-use development that includes retail, dining, and entertainment options. Properties near Jewel have experienced a boost in value due to the increased foot traffic and visitor numbers brought in by the development.

The Future of Infrastructure Investments in Singapore

Looking ahead, Singapore has ambitious plans for further infrastructure development. Projects such as the Cross Island Line (CRL) and the redevelopment of Paya Lebar Air Base are set to enhance connectivity and amenities in different parts of the city-state. These investments are expected to have a positive impact on property values in the surrounding areas.

Government policies and initiatives also play a crucial role in supporting infrastructure development and boosting property prices. The Urban Redevelopment Authority (URA) regularly reviews and updates the Master Plan to guide the sustainable growth of Singapore, ensuring that infrastructure investments align with long-term planning goals.

Conclusion

As Singapore continues to invest in infrastructure to support its economic growth and enhance the quality of life for its residents, the property market is likely to see positive impacts. For investors looking to capitalize on these trends, considering the relationship between infrastructure investments and property values can provide valuable insights into making strategic investment decisions in the real estate market.

By understanding how infrastructure drives property values and keeping an eye on upcoming developments, investors can position themselves to benefit from the potential capital appreciation and rental yield opportunities that come with owning properties in well-connected and well-equipped areas of Singapore.

 

Singapores Trendiest Neighborhoods: Millennial Hotspots for Young Professionals

Discover the hidden gems of Singapore’s trendiest neighborhoods – where young professionals flock for the ultimate millennial experience.

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Singapore is known for its vibrant neighborhoods, rich cultural heritage, and diverse culinary scene. In recent years, the city-state has seen a surge in young professionals flocking to trendy neighborhoods that cater to their lifestyle and preferences. Let’s explore some of the hip neighborhoods that are attracting millennials in Singapore.

Tiong Bahru

Known for its charming conservation shophouses, Tiong Bahru is a popular spot for young professionals seeking a laid-back, artsy vibe. The neighborhood’s blend of traditional architecture and modern amenities creates a unique atmosphere that appeals to the millennial crowd.

One of the main draws of Tiong Bahru is its vibrant food scene, with a plethora of indie cafes, trendy eateries, and quaint bakeries lining the streets. From traditional Singaporean delights to international cuisine, the options are endless for food enthusiasts looking to explore new culinary experiences.

In addition to its culinary offerings, Tiong Bahru is also a hub for creativity and culture. The neighborhood is dotted with local galleries, boutiques, and design stores, showcasing the artistic talents of Singapore’s thriving community. Young professionals often find inspiration and relaxation in Tiong Bahru’s artsy ambiance.

Keong Saik Road

Located in the vibrant Chinatown district, Keong Saik Road is a bustling thoroughfare that has become a magnet for young professionals seeking a mix of history and modernity. The street’s unique blend of heritage shophouses and trendy establishments reflects the dynamic nature of Singapore’s evolving landscape.

For millennials looking to unwind after a long day at work, Keong Saik Road offers an array of hip cafes, rooftop bars, and stylish boutiques. The street comes alive at night, with the vibrant energy of the bustling nightlife scene attracting young professionals looking to socialize and relax in a trendy setting.

Food lovers will find Keong Saik Road a culinary paradise, with a diverse range of dining options to satisfy every craving. From traditional Chinese eateries serving authentic dishes to modern fusion restaurants pushing the boundaries of gastronomy, this neighborhood is a haven for adventurous foodies.

Dempsey Hill

Nestled amidst the lush greenery of the Tanglin district, Dempsey Hill is a tranquil oasis that has captured the hearts of young professionals seeking a quiet retreat from the hustle and bustle of the city. The neighborhood’s serene ambiance and upscale establishments make it a popular destination for those looking to unwind in style.

One of the highlights of Dempsey Hill is its gourmet dining scene, with a plethora of high-end restaurants offering exquisite dishes in elegant settings. Young professionals often flock to Dempsey Hill for special occasions or romantic dinners, indulging in the culinary delights that the neighborhood has to offer.

In addition to its fine dining options, Dempsey Hill also features a range of chic bars, boutique shops, and art galleries, providing young professionals with ample opportunities for leisure and relaxation. The neighborhood’s vibrant social scene and cultural offerings make it a sought-after destination for millennials seeking a sophisticated lifestyle.

Conclusion

With their unique blend of culture, cuisine, and creativity, Tiong Bahru, Keong Saik Road, and Dempsey Hill stand out as hip neighborhoods that are attracting young professionals in Singapore. In addition, East Coast, where Coastline Residences is located, is another highly sought after too. These millennial magnets offer a diverse range of experiences, from trendy cafes and stylish boutiques to gourmet dining and cultural attractions, catering to the dynamic lifestyles of the city’s young workforce. Whether you’re looking for a vibrant social scene or a tranquil retreat, these neighborhoods have something for everyone, making them must-visit destinations for millennials in Singapore.

 

HDB and private property prices continue to rise in Q1

National Development Minister stated that there could be variations from quarter to quarter in Housing Board resale and private home prices, but the authorities anticipate the property market continuing to stabilise.

The Government will monitor trends very closely in the next few quarters.

HDB flats for sale increased in price by 1.8 per cent during the first quarter 2024. The previous quarter saw an increase of just 1.1 percent. The figures released by the board show that the price of HDB resale flats increased for the 16th straight quarter since the second half of 2020.

In the first quarter of this year, according to the Urban Redevelopment Authority’s (URA) statistics, prices for private residential real estate rose by 1.4%.

Resale prices (HDBs) will fluctuate seasonally and quarter-to-quarter. Look at the trend, year by, and you’ll see that last year’s growth in resale was much lower than it was for 2022. 2022’s growth is also lower than its year before.

HDB resale rates rose 4.9 percent in 2023. However, this was less than the 10.4 percentage increase in 2020 and the 12.7% growth in 2021.

HDB’s response to the Covid-19 epidemic has been largely successful, with the company continuing to launch more Build-To Order (BTO), flats.

One Bernam

The government has pledged to build 100,000 BTO units between 2021 and 2025. At the end of February, 67,000 BTO flats were available for sale.

Private housing has also increased in parallel.

Government Land Sales will release 5,450 homes over 10 confirmed sites in the first six months of 2024. The increase will be the 7th consecutive half-yearly since the 1st half of 2021.

Regardless of demand, sites that are on the confirmed list will be released for sale in accordance to the schedule.

We also took a range of cooling steps to make sure that the market for both private and HDB properties remained in line.

In 2005 the scheme was launched to offer buyers of flats with higher incomes better-designed homes and finishes. It was suspended in 2011 DBSS is a scheme that allows private developers to design and sell flats on government-owned land.

61 flats sold in March for at least one million dollars. This is a small percentage of the 2,063 resale apartments sold by the two real estate portals 99.co and Singapore Real Estate Exchange in the same time period.

P/S: All units in Coastline Residences had been fully sold.

Luxury home rents rise in Q1 amid wider market decline

Agents report that rentals for large luxury properties jumped in first quarter despite an overall decline in the market. This is due to increased demand from high net-worth foreigners and limited availability in the high end segment.

One market segment, private non landed residential four bedroom units, saw a 36.5% jump in demand compared to fourth quarter 2023.

The report released on May 2 showed that leasing demand was 19.3 percent higher in this segment compared to last year.

Rents rose by 6.5 percent in Q1 for luxury four-bedroom apartments, compared to S$16.396 a month during Q4 2020.

The basket of Luxury Properties tracks residential properties in the Core Central Region of Singapore (CCR), with a value of S$5 million or above, and a strata space of at least 2,000 sq. feet.

Rents have declined in the market since the last quarter in 2023. According to the most recent Urban Redevelopment Authority data, released last Thursday, the overall market rental rate fell by 1.9% in Q1. The decline from 2.1% the previous quarter was a continuation.

This could be because more high-networth foreigners have moved to Singapore as a result of the geopolitical unrest.

The fact that there are so few of these units also plays a role.

Huttons has estimated that the number of units rented for luxury homes would be at 569 in Q1 2020, 3.6% higher in comparison to Q4 and 2.6% lower than year on year.

The rental demand for Seascape Residences in W Singapore Sentosa Cove, The Orchard Residences as well as The Residences on The Orchard Residences was higher during Q1.

Demand may increase in areas such as Boulevard 88 (15 Holland Hill), Leedon Green and Boulevard 88.

These are all new developments, which have bigger square footages and larger units.

Mass rental markets are more negatively affected by economic uncertainties and an influx of completed new homes. The luxury rental market is performing better than the mass rental market due to a lack of larger homes, which are expected to continue to support rental price increases.

Some foreigners were more inclined to buy homes than rent. The additional Buyer’s Stamp Duty increase of April 2023 is continuing to squeeze foreign buyers. They are being forced into renting.

Rental demand for four- and three-bedroom units seems to be driven mostly by co-living operators and expatriates.

The Continuum

It is rare to find larger rental units, since most of the time these are bought for personal use.

As fewer units are launched in the CCR that have four bedrooms and larger, supply will remain limited.

This high price restricts the pool and potential buyers of developers, which discourages them from building large units.

It suggested that high-end sales are also improving.

The resale sales volume was estimated at 46 units for Q1, 34.3 per cent lower than in Q4. The Q1 transaction volume is estimated at 46 units. That’s 34.3% less than the Q4 figure.

Watten House is the reason for the larger volume of sales in the prior quarter. Watten House sales are not included in the Q1 total. The volume of transactions for the quarter is still 40, or 17.6% higher quarter over quarter.

Singapore appears to be a safe place for home buyers, as the geopolitical tensions have increased.

CCR properties’ price increases in Q1 were higher than in other areas. Prices in CCR rose 3.4%, higher than 0.3% in Rest of Central Region & Outside Central Region.

Overall, home prices in Q1 rose only 1.4 % compared to 2.8 % in the last quarter.

CCR sales are still driven by the local markets, especially since the ABSD was tightened up in April.

Foreign purchasing has dropped to 3.5 % of the total non-landed private house transactions in CCR during Q1-2024. It was 5.8 % in Q3-2023 and 5.6 % in Q4-2023.

Due to the steep ABSD of 60% on foreign residential property, foreign interest is expected to remain low.

During the peak period of the luxury sector, only 5 GCBs have been sold during the quarter. This is the same as the Q4 level for 2023.

Data shows the total value sold of GCBs was S$118.4million in Q1, or 10.6percent lower than that of the previous three-month period.

Buyers did not pay a high price for a GCB due to the uncertainty of the economic climate. They also refused to pay a high rate because interest rates were higher and would continue to be higher.

Read also: Coastline Residences

The largest GCB by quantum deal was 15 Ford Avenue. That property was sold at S$39.5 to a scion Weecho Yaw’s.

Tenant resistance holds GCBs back. Tenants prefer GCBs whose rental asking prices are less than S$30,000 because they’re cautious and want to avoid paying high rents. Tanglin Hill’s top deal was for a S$120,000 rent per month.

Grand Dunman has sold over half of its 1,008 units during the weekend of launch at an average price per square foot of $2,500

Grand Dunman developers SingHaiyi Group, and CSC Land Group, said that more than half the units were sold in its first weekend at an average price per square foot of $2,500.

After the official launch of the development on Saturday, at 5.30pm 550 units (54.6%) of 1,008 were sold.

Gary Lim said that SingHaiyi’s development’s sales were “well-spread”.

Sales of two-bedroom units were the most successful – 77 percent of the units sold started at $1.55 million which translates to $2.330 per sq. ft.

Three-bedders were next, with 61 per cent sold. They start at $2.21m with a price per square foot of $2,309.

The price for one-bedroom apartments was $1.09m and $2.418/sqft.

Mr Lim said that investors were attracted to the smaller two-bedders and one-bedroom apartments, which is in line previous statistics. Investors and owner-occupiers bought two-bedroom apartments that came with a study. Larger units were purchased by owners.

99% of the buyers are Singaporeans.

Find out more: Coastline Residences Amber Road

Mr Lim also said it was not clear if foreigners would be subject to new stamp duty rules that doubled the tax in late April to 60%.

Many analysts have noted that Grand Dunman has been the most popular project over the past two years. The previous record was held by Normanton Park in January 2020, when about 600 units were sold.

Analysts say that the location is likely what attracted buyers to the project, besides the fact that it was the only major launch of the year.

Grand Dunman in Dunman Road is just a short walk from Dakota Station. This development is close to Kong Hwa School as well as Chung Cheng High School Main and Tanjong Katong Girls’ School.

Grand Dunman is a 99 year leasehold development with a 25 234.3 sq m site. It should obtain its temporary occupation license in 2028.

Beside this development, potential buyers can consider 3 other new launch in the vicinity; The Continuum by Hoi Hop and Sunway Group, Tembusu Grand by City Developments Limited and LIV at MB by Bukit Sembawang.

Source: https://www.straitstimes.com/business/over-half-of-grand-dunman-s-1008-units-sold-on-launch-weekend-at-average-price-of-2500-psf

The Myst sold 27% of its units during the launch weekend, at an average price of S$2,057 per sqft

CITY Developments Limited sold 110 units of The Myst in Upper Bukit Timah, or 27 percent of the total 408 units. The average price per square foot was S$2,057 during the launch weekend.

CDL stated that around 99 percent of buyers were Singaporeans. Permanent residents from China accounted for the remaining one percent. CDL said that all unit types had been “well received”, but the two-bedroom units were most popular.

Prices for apartments start at S$998,000 (for a one-bedroom apartment plus study) (from 517 square feet); S$1.33 (for a two-bedroom apartment starting from 678 sq. ft); S$1.708 (for a three-bedroom beginning at 850 sq. ft); S$2.826 (for a four-bedroom commencing at 1,518 sq. ft); and S$3.18 (for a five-bedroom commencing at 1,690 sq. f

Two 24-storey residential buildings make up the 99-year leasehold condominium located at Upper Bukit Timah Road 800 and 802. CDL acquired the land parcel in April 2022 for S$126.3million from Tan Chong International, a car company.

The Myst’s take-up rate was lower than other launches in recent times, according to market observers. Lentor Hills Residences sold half its 598 units in the same launch weekend.

The launch price of The Myst may be higher than the median transacted price for the nearby 999-year leasehold condos, such as Cashew Heights Condominium or Hazel Park Condominium.

Click on this link: Coastline Residences Sustained Land

The Myst is 23 percent or more expensive than the average cost of the nearby resale condo with a longer tenure.

The Reserve Residences, on the other hand achieved strong sales at its recent launch, with a median price of $2474 per sq. ft.

The Reserve Residences is also 99-year land lease, but it had “certain benefits” over The Myst condo. For example, the project was part of the Beauty World integrated transportation hub and located near the Beauty World MRT Station.

Homebuyers may want to compare their options before making a decision.

The Myst sales were in line with expectations, as major non-landed projects had sold at least 100 units by launch day.

The rate of take-up depends on the number and size of the units in the project, as well as the catchment area. The take-up rate will vary depending on the project and should not be compared across projects.

Local buyers will choose carefully their new property purchase when faced with the plethora of residential properties available and the additional stamp duty. They may also become more sensitive to price.

Source: https://www.businesstimes.com.sg/property/myst-sells-27-units-launch-weekend-average-s2057-psf

Allgreen will begin previewing Royalgreen on October 5

The Royalgreen condominium will be previewed by ALLGREEN Properties Limited, the Singapore real estate arm for the Kuok Group.

Royalgreen, a 285-unit development with a total of eight blocks and five floors, is a freehold project in the Bukit Timah residential area.

Prices begin at S$1.7million for two bedroom units. S$1.8million for premium two-bedrooms. S$2million for units with two bedrooms plus study. S$2.5million for units with three bedrooms. S$2.8million for units that have three bedrooms plus study.

Bookings will begin on October 12 for a total of 108 Phase 1 units. Early-bird discounts of up to 2 percent will be offered for Phase 1 units.

Allgreen states that the development is only a short distance from the Sixth Avenue MRT Station on the Downtown Line. Some of the nearby schools include Nanyang Girls’ High School, Methodist Girls’ School Primary and Secondary, National Junior College, and Hwa Chong Institution.

Allgreen’s Chief Executive Officer Lee Yew Kwung stated: “The modern designs, extensive landscaping facilities and efficient layouts are sure to appeal to discerning purchasers who appreciate the convenience of living within a mature estate located in the District 10 area.

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Royal green is the newest addition to Allgreen’s portfolio.

Fourth Avenue Residences and Juniper Hill are two of the company’s upcoming residential projects. Another is a site in Pasir Ris central that will be home to a residential development and retail area integrated with a polyclinic, Town Plaza, and a bus interchange.

Allgreen’s mixed-use development portfolio includes Great World City, Tanglin Mall and Hotel Jen Tanglin.

Source: https://www.businesstimes.com.sg/property/allgreen-start-preview-royalgreen-oct-5

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