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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 …

CBRE, the appointed marketing agent for two freehold shophouses at 144 and 146 Owen Road, has launched an expression of interest (EOI) exercise for the properties with a guide price of $9.8 million. The two adjoining units, which are situated on a land area of 2,341 sq ft, are zoned “residential with commercial at first storey”.

According to CBRE, the two-storey shophouses have attics and a gross floor area (GFA) of about 4,738 sq ft. This means that the guide price translates to approximately $2,068 psf on the existing GFA. At present, the ground floor of 146 Owen Road is occupied by a gym while a co-living operator manages nine residential rooms across the upper levels of both shophouses.

Based on the land’s gross plot ratio of 3.0, CBRE estimates that the properties have an unutilised GFA of around 2,285 sq ft. Joshua Giam, director of capital markets at CBRE …

The Building and Construction Authority (BCA) and the Singapore Green Building Council (SGBC) recently celebrated the 20th anniversary of the BCA Green Mark certification scheme. This green building rating system was introduced in January 2005 and 17 buildings were certified in its first year.

Today, 2,590 buildings have been awarded the prestigious Green Mark certification, according to a joint press release by the BCA and SGBC. These buildings collectively save over 4.2 billion kWh of energy annually, which is enough to power one million four-room HDB flats per year. The savings amount to $1.3 billion per year.

At a gala dinner hosted by SGBC on July 11, 20 commemorative certificates were presented to nine partners and 11 projects for their outstanding contributions to Singapore’s green building journey. Some of the partner recipients included City Developments, CapitaLand, Mapletree Investments, Keppel, and Lendlease.

The Green Mark scheme has undergone several revisions, with …