Month: July 2025

After two weekends of exclusive previews, three new developments were introduced on July 19, with two of them situated in the Core Central Region (CCR): UpperHouse at Orchard Boulevard and The Robertson Opus, a 348-unit project. The third project is an executive condominium, Otto Place, consisting of 600 units in Tengah.

The joint venture between UOL Group and Singapore Land Group, UpperHouse, consisting of 301 units, saw a strong take-up rate of 53.2%, with 160 units sold before 6pm on launch day. The average price achieved was $3,350 psf.

All unit types, ranging from one-bedroom plus study to four-bedroom suites, received interest from buyers. The most popular units were the two-bedroom premium plus study, with 60 out of 67 units sold at prices between $2.338 million to $2.72 million, or $3,060 to $3,560 psf. Interested buyers can search for the latest new launches on property platforms to find out transaction …

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The new executive condominium (EC) development in Tengah, Otto Place, has received an overwhelming response on its launch day. According to a media statement issued at 6.30pm on July 19, the joint developers, Hoi Hup Realty and Sunway Developments, sold 351 out of the 600 units (58.5%) on its launch day.

The units sold under the Normal Payment Scheme (NPS) were priced at an average of $1,700 per square foot (psf). A significant portion of buyers, approximately 72%, opted for the Deferred Payment Scheme (DPS), which came with a 3% premium over NPS prices. This scheme allows homebuyers to make a purchase first and save up during the construction period, easing the financial burden for HDB upgraders who may still have an outstanding loan on their flat, according to Mark Yip, CEO of Huttons Asia.

The unit sizes at Otto Place range from 872 sq ft for three-bedroom deluxe …

The most profitable transaction of the week of July 1 to 8 was the sale of a four-bedroom unit at Grange Residences, which fetched $9.74 million on July 3. The 2,852 sq ft unit on the 13th floor was previously purchased for $3.94 million in October 2004. As a result, the seller made a profit of around $5.8 million or 147%, translating to an annualised gain of 4.5% over nearly 21 years. This marks the second most profitable resale transaction at the development, with the highest gain recorded from the sale of a similar unit on the fourth floor for $9.85 million on June 30. The seller had purchased the apartment for around $3.35 million in June 2004, realising a profit of $6.5 million or an annualised gain of 5.3% over more than 21 years. Grange Residences is a freehold development by Wharf Estates Singapore (formerly Wheelock Properties), comprising 164 …

The popular saying, “When opportunity knocks, open the door,” rings true for homebuyers considering the Core Central Region (CCR). With the tightening of additional buyer’s stamp duty (ABSD) measures in April 2023, prices in the CCR have been kept in check, making it an ideal time for discerning buyers seeking a new residence.

Recent transaction data has shown that the price gap between the CCR and other sub-markets has hit an all-time low. This may be a rare chance for buyers to consider properties in the CCR, which is often regarded as a proxy for luxury homes. The narrowing of this gap also suggests that CCR homes may offer greater value for money.

Looking at new non-landed private homes (excluding executive condominiums or ECs), the median unit price psf ($ psf) gap between the CCR and Rest of Central Region (RCR) was just 1.8% in 1H2025. In comparison, the price …

A historic building located at 9 Norris Road has recently been put up for sale with an asking price of $16.5 million. This three-storey, freehold property is situated in the Little India Historic District and has been around since the 1930s.

Originally known as the Ramakrishna Mission Building, the property is zoned for civic and community institution use. It was previously occupied by the Ramakrishna Mission, a spiritual and welfare organization, for 20 years before they relocated to Bartley Road in the 1950s and sold the building.

In recent times, the property underwent a renovation and modernization by its previous owner, who invested approximately $5 million in the project. The site was also home to the Asian Women’s Welfare Association (AWWA), a non-profit organization founded in 1970, and served as a family service center in the 1980s.

The property sits on a 5,447 sq ft plot with a total built-up …

A three-bedroom unit at Grange Heights, a freehold development located in prime District 9, is set to be featured in Knight Frank’s upcoming auction on July 24. This estate sale offers a spacious 1,884 sq ft unit with a guide price of $4.35 million, which is approximately $2,308 psf.

Sitting on the 12th floor, this split-level apartment boasts a roomy combined living and dining area, a kitchen, a yard area, and a common bathroom on its lower level. On the upper level, there is an en suite master bedroom, two additional bedrooms, and a common bathroom.

Knight Frank Singapore’s head of auction and sales, Sharon Lee, predicts that the unit will attract interest from both prospective homeowners and investors, due to its strategic location and ample layout. Additionally, the development presents potential for en bloc sale, which may further appeal to potential buyers. Grange Heights has been through two unsuccessful …

IMAGE: Wing Tai Holdings

Wing Tai Holdings, a property developer listed on the Singapore stock exchange, has begun showcasing its latest residential project, River Green, on July 17. Located at River Valley Green, the project is situated next to the Great World MRT Station on the Thomson-East Coast Line (TEL). Bookings for units at River Green are scheduled to start on August 2.

River Green is a 99-year leasehold development located in the prime District 9 within the Core Central Region (CCR). It consists of a 36-storey residential tower with a rooftop terrace on the 37th floor. The project was designed by P&T Consultants, with STX Landscape Architects as the landscape designer.

According to Wing Tai, River Green has been awarded the BCA’s Green Mark Platinum Super Low Energy certification, making it the first private residential development in Singapore to receive all five sustainability badges, including health and wellbeing, whole …

JLL, the marketing agent for an industrial property located at 11 Wan Lee Road, off Jalan Boon Lay, has announced that the property is now available for sale through private treaty at an indicative price of $12.5 million. The price per square foot (psf) on the existing gross floor area (GFA) is $298.

Investing in a condo in Singapore comes with a multitude of benefits, making it a highly desirable option for real estate investment. The city-state’s strong demand for condominiums, potential for capital appreciation, and attractive rental yields make it an enticing choice for investors. Nevertheless, it is crucial to carefully consider various factors, including location, financing, government regulations, and market conditions, before proceeding with such a significant investment. Seeking professional advice and conducting thorough research is essential for investors to make informed decisions and maximize their returns in Singapore’s dynamic real estate market. Whether you are a local …

Philip Yeo Liat Kok, the non-independent and non-executive director of City Developments, has announced his resignation from his role. After 16 years of dedicated service, Yeo will officially step down from the board on July 31.

A former top civil servant, Yeo was first appointed to the board in May 2009. During his tenure, he was a key member of the board and was known for his support of executive chairman Kwek Leng Beng during the board’s recent disputes.

In a filing to the stock exchange, CDL expressed their gratitude for Yeo’s valuable contributions and 16 years of distinguished service as a director. This news comes on the heels of CDL’s announcement of an off-market purchase of preference shares, offering 78 cents apiece.

After almost a decade and a half of service, Yeo’s departure marks the end of an era at CDL. His contributions to the company will not be …

When considering investing in a Singapore Condo, it is crucial to take into account the impact of the government’s property cooling measures. Over time, the Singaporean government has implemented various measures to control the influx of speculative buyers and maintain a steady real estate market. These measures, such as the Additional Buyer’s Stamp Duty (ABSD), impose higher taxes on foreign investors and those purchasing multiple properties. Although these measures may affect the profitability of condo investments in the short term, they also contribute to the long-term stability of the market, creating a secure investment environment.

The highly anticipated Global Property Expo 2025 is just around the corner, taking place from July 18 to 20 at the prestigious Sands Expo & Convention Centre. Organized by JLL, this event is perfect for Singaporeans who are interested in investing in residential properties outside of their home country.

With over 30 exhibitors in …