- Published on
Luxurious new condo along River Valley in D09 by CDL. Walk to Great World MRT, Great World Shopping Mall, Singapore River & Orchard area. Timeless architecture melded with beautiful landscaping. Click for more info, ebrochure, direct developer prices and exclusive viewing appointment.
According to the Urban Redevelopment Authority (URA) data, private home sales in the core central region (CCR) jumped by almost 25 per cent quarter on quarter in the second quarter of this year to 1,930 units, the strongest quarter since the last quarter in 2010 when 2,014 units were transacted.
Covid pandemic that has wrecked havoc across the world has failed to dent Singapore's status as a global wealth hub with well-off individuals choosing to invest their wealth here. Singapore has seen more private banks like UBS, Citi and HSBC expanding their wealth businesses despite the Covid-19 crisis as large numbers of family offices and wealth management firms are lured to this sunny island by its attractive fundamentals.
With Covid and political unrest seen in many countries, high-net-worth individuals are choosing to stay and even become residents in what is one of the safest countries in the world - Singapore.
Covid pandemic that has wrecked havoc across the world has failed to dent Singapore's status as a global wealth hub with well-off individuals choosing to invest their wealth here. Singapore has seen more private banks like UBS, Citi and HSBC expanding their wealth businesses despite the Covid-19 crisis as large numbers of family offices and wealth management firms are lured to this sunny island by its attractive fundamentals.
With Covid and political unrest seen in many countries, high-net-worth individuals are choosing to stay and even become residents in what is one of the safest countries in the world - Singapore.
Canninghill Piers is an iconic luxury integrated condo project by CDL and Capitaland located in Singapore's most popular riverfront entertainment & lifestyle precincts. Unparalleled Convenience. Click Here For Ebrochure and to Register for Priority Showflat Preview & Developer Sales.
This time round, local domestic Singaporean buyers are becoming a dominant force in our luxury market as their market share is growing faster than the foreigners. Data from URA shows that 75.7 per cent or 2,315 luxury condominium units in the first half of this year were bought by Singaporeans, up from the 71.2 per cent (961 units) in the first half of last year. In absolute numbers, foreigner purchases of luxury condominium units have similarly increased from 162 units to 254 units over the same period, indicating that foreign buyers are gradually streaming back despite the global lockdowns and higher stamp duties imposed in 2018.
Singapore is definitely still growing as a wealth hub due to its strong legal system and sophisticated private banking community with a light touch framework that assures the (high-net-worth) community of the safety of their investments, while encouraging ongoing innovation and strengthening Singapore's growing reputation as a wealth-tech hub.
Singapore may have leapfrogged many advanced cities, including Hong Kong, to be one of the most popular investment destinations for the rich and famous. Over the past decade, efforts to build the country's economic infrastructure and financial hub have raised its global profile and allure to wealthy investors.
Singapore is definitely still growing as a wealth hub due to its strong legal system and sophisticated private banking community with a light touch framework that assures the (high-net-worth) community of the safety of their investments, while encouraging ongoing innovation and strengthening Singapore's growing reputation as a wealth-tech hub.
Singapore may have leapfrogged many advanced cities, including Hong Kong, to be one of the most popular investment destinations for the rich and famous. Over the past decade, efforts to build the country's economic infrastructure and financial hub have raised its global profile and allure to wealthy investors.
The millionaire population has grown exponentially in Singapore to about 270,000 this year. Singapore ranks 11th globally in terms of millionaire density, with more than 1,300 ultra-high-net-worth people with wealth exceeding US$50 million (S$67.4 million).
The rising incomes of many locals have raised their aspirations to own luxury properties. Affluent families and wealthy millennials are moving up the ladder from their first purchase to owning premium homes. Even the middle income group among Singaporeans is snagging a slice of the pie by purchasing smaller luxury units.
Real estate advisor Kiwi Lim from Huttons Asia believe that the wealthy are attracted to Singapore's unique combination of factors like low crime rates, multi-racial environment with the ability of its people to communicate fluently to both Chinese & English speaking nationalities, Singapore's political stability, business friendliness, clear banking laws, very transparent land ownership and conveyancing procedures, legal transparency, convenience, very comprehensive infrastructure, etc as these combined factors reduce the downside risks to part their excess cash or for their investments in Singapore as compared to other major cities worldwide. Singapore is also a unique gateway for Asian & Western countries to trade in a comfortable organised business friendly manner. Such factors greatly enhanced Singapore's property values allowing investors to enjoy attractive capital appreciation in the long run.
The rising incomes of many locals have raised their aspirations to own luxury properties. Affluent families and wealthy millennials are moving up the ladder from their first purchase to owning premium homes. Even the middle income group among Singaporeans is snagging a slice of the pie by purchasing smaller luxury units.
Real estate advisor Kiwi Lim from Huttons Asia believe that the wealthy are attracted to Singapore's unique combination of factors like low crime rates, multi-racial environment with the ability of its people to communicate fluently to both Chinese & English speaking nationalities, Singapore's political stability, business friendliness, clear banking laws, very transparent land ownership and conveyancing procedures, legal transparency, convenience, very comprehensive infrastructure, etc as these combined factors reduce the downside risks to part their excess cash or for their investments in Singapore as compared to other major cities worldwide. Singapore is also a unique gateway for Asian & Western countries to trade in a comfortable organised business friendly manner. Such factors greatly enhanced Singapore's property values allowing investors to enjoy attractive capital appreciation in the long run.
Fourth Avenue Residences is a collection of 476 exclusive homes nestled amidst lush greenery and Good Class Bungalow Areas in Prime District 10 served by Sixth Ave MRT at its doorstep, surrounded by Singapore’s prestigious schools. Click for more info, ebrochure, developer pricings and exclusive viewings.
In the first half of this year, almost 3,500 luxury homes were sold, surpassing the annual sales from 2018 to last year. The landed housing segment has similarly seen a demand surge, with over 2,100 properties transacted islandwide in the first seven months of this year, almost triple the 780 transactions a year ago.
At the luxury end, well-heeled buyers snapped up 272 luxury condominium units that cost over $5 million in the first half of this year, the highest half-year transactions since the first half of 2014. Out of these condominium units, about 70 were super luxury homes above $10 million - one of them was a 611 sq m sprawling luxury apartment at Les Maisons Nassim that was sold for $39 million in May 2021.
On a per square foot (psf) basis, the most expensive luxury condo transaction was a 282 sqm resale condo unit at Eden in Draycott Park, which changed hands for $6,024 psf in March.
Top-selling new luxury condominiums include Midtown Modern, Irwell Hill Residences, Leedon Green, Fourth Avenue Residences, Hyll on Holland, The Avenir, Royalgreen, Kopar At Newton and The M. In the resale condo market, D'Leedon, 8 Saint Thomas, Wallich Residences and Marina One Residences were among the most popular resale projects in the CCR.
At the luxury end, well-heeled buyers snapped up 272 luxury condominium units that cost over $5 million in the first half of this year, the highest half-year transactions since the first half of 2014. Out of these condominium units, about 70 were super luxury homes above $10 million - one of them was a 611 sq m sprawling luxury apartment at Les Maisons Nassim that was sold for $39 million in May 2021.
On a per square foot (psf) basis, the most expensive luxury condo transaction was a 282 sqm resale condo unit at Eden in Draycott Park, which changed hands for $6,024 psf in March.
Top-selling new luxury condominiums include Midtown Modern, Irwell Hill Residences, Leedon Green, Fourth Avenue Residences, Hyll on Holland, The Avenir, Royalgreen, Kopar At Newton and The M. In the resale condo market, D'Leedon, 8 Saint Thomas, Wallich Residences and Marina One Residences were among the most popular resale projects in the CCR.
Straits Times article on 19 Sept 2021
- Published on
Avenue South Residence is a new condo by UOL to be a gateway to the live-work-play lifestyle of the future Greater Southern Waterfront - a dynamic city centre with exuberant business and lifestyle opportunities. You may click this image for ebrochure & prices. Expected to TOP in 3rd qtr next year, its nearly 80% sold
Singapore's economy looks to be on the rebound after its worst recession since independence last year as countries around the world progresses with their vaccination campaigns with many developed nations seeing more than half of their populations vaccinated against the pandemic.
Sectors such as bio-medical, manufacturing, construction, transportation and logistics are likely to see healthy growth next year as nations open up for more trade and tourism. External demand for goods and services produced in Singapore is also expected to see an increase as global trade resumes slowly to pre-Covid levels.
Sectors such as bio-medical, manufacturing, construction, transportation and logistics are likely to see healthy growth next year as nations open up for more trade and tourism. External demand for goods and services produced in Singapore is also expected to see an increase as global trade resumes slowly to pre-Covid levels.
Singapore is sticking to its plan to cautiously reopen more sectors of its economy and live with the coronavirus as its case count surges, relying on one of the world’s highest vaccination rates to keep hospitalizations low. Looser restrictions will help consumer-facing industries and ease labour shortages.
After a better-than-expected first half of 2021, driven partly by strong manufacturing and finance sector output, the second half of this year should see outward-oriented sectors remain healthy barring a major setback for the global economy.
Singapore's economy is expected to grow 6.5% this year and 4.1% in 2022 on expectations of revived global demand, as well as relaxing of domestic and border restrictions as its vaccination rate hit more than 80% of the overall populace.
After a better-than-expected first half of 2021, driven partly by strong manufacturing and finance sector output, the second half of this year should see outward-oriented sectors remain healthy barring a major setback for the global economy.
Singapore's economy is expected to grow 6.5% this year and 4.1% in 2022 on expectations of revived global demand, as well as relaxing of domestic and border restrictions as its vaccination rate hit more than 80% of the overall populace.
Overall the real estate sector has done well on the back of increased genuine demand from Singaporean households, low interest rates, policy support helping businesses and households as well as confidence that the world will be able to overcome Covid virus soon.
Real estate professional Kiwi Lim from Huttons Asia believe developers in Singapore are starting to keep a serious lookout for enbloc opportunities among the older private residential developments as they expect the broader economy to continue recovering in the years ahead anticipating broad-based property market recovery.
Developers are no longer expecting the government to release more Government Land Sites than the usual scheduled releases. This means developers will have to look towards older private estates for choice developments to acquire if they hope to top up their much needed land banks to generate more revenue in the years to come.
Real estate professional Kiwi Lim from Huttons Asia believe developers in Singapore are starting to keep a serious lookout for enbloc opportunities among the older private residential developments as they expect the broader economy to continue recovering in the years ahead anticipating broad-based property market recovery.
Developers are no longer expecting the government to release more Government Land Sites than the usual scheduled releases. This means developers will have to look towards older private estates for choice developments to acquire if they hope to top up their much needed land banks to generate more revenue in the years to come.
Flynn Park in Pasir Panjang has been sold for $371 million to a joint venture between Hoi Hup Realty and Sunway Developments - brokered by Savills Singapore
The recent successful enbloc of Flynn Park in Pasir Panjang which exceeded the reserve price that owners are willing to sell for. The enbloc sale worked out to approximately $1,355 per sq ft per plot ratio (psf ppr) or approximately $1,318 psf ppr if we include the 7 per cent bonus balconies. The future development may have to sell at $2,500 psf onwards based on rough estimates.
Kiwi Lim believe that this time round, developers may be more focused on acquiring smaller private residential developments as developers expect pay higher prices to the enbloc sellers in this current sellers market in the face of acute shortage of upcoming new launch condo projects in the market from now till end of 2023. If domestic demand for properties continue to be strong, supply will be further squeezed to record low levels.
Meanwhile we've been receiving enquiries from potential Asian investors who are keen on Singapore real estate. Since Covid-19, Singapore has become an even more popular investment market for foreign investors who are very positive on the outlook for the Singapore real estate market.
Kiwi Lim believe that this time round, developers may be more focused on acquiring smaller private residential developments as developers expect pay higher prices to the enbloc sellers in this current sellers market in the face of acute shortage of upcoming new launch condo projects in the market from now till end of 2023. If domestic demand for properties continue to be strong, supply will be further squeezed to record low levels.
Meanwhile we've been receiving enquiries from potential Asian investors who are keen on Singapore real estate. Since Covid-19, Singapore has become an even more popular investment market for foreign investors who are very positive on the outlook for the Singapore real estate market.
- Published on
The Landmark is a city area new condo on the elevated hillside of Pearl's Hill within 1 km of River Valley Primary with 3 bedroom units priced attractively from $2,1xx psf. Click to receive floorplans, ebrochure, pricelist & more.
Property and rental of homes near popular primary schools will likely see an increase in prices after MOE announced on Thursday (Sept 9) changes to the Primary 1 Registration framework to help more children secure a place in a school near their home.
Real estate professional Kiwi Lim from Huttons Asia believe that this move by MOE to favour Proximity versus Affiliation will mean that parents who are school alumni of good schools will no longer have a strong advantage over those who stay near the school when registering their children for Primary 1 admission at the respective schools if a school has more applications than vacancies in phase 2C of registration, priority will be given to Singaporeans living closer to the school.
This may see prices of homes near top schools soar even higher than their current high prices in the market right now after the Ministry of Education's (MOE) announcement on Thursday. However home prices within the area may not jump drastically as more homes will be in the new school radius (see diagram below).
Real estate professional Kiwi Lim from Huttons Asia believe that this move by MOE to favour Proximity versus Affiliation will mean that parents who are school alumni of good schools will no longer have a strong advantage over those who stay near the school when registering their children for Primary 1 admission at the respective schools if a school has more applications than vacancies in phase 2C of registration, priority will be given to Singaporeans living closer to the school.
This may see prices of homes near top schools soar even higher than their current high prices in the market right now after the Ministry of Education's (MOE) announcement on Thursday. However home prices within the area may not jump drastically as more homes will be in the new school radius (see diagram below).
The revised method of calculating proximity will encompass more homes within 1km and 2km of schools. PHOTO: MOE.GOV.SG
Another change involved revising the methodology for calculating the distance between home and school. Currently home-school distance is calculated from a single reference point. With the change, home-school distance will be based on the school land boundary - from any point on the boundary around the school to the registrant's home.
Straits Times Graphics
Straits Times Graphics
It is believed that more parents would consider moving closer to their desired primary school since greater weight will be given to children living closer to the school. This increase in demand for homes in the vicinity is likely to drive rental prices up because most people might not be able to afford buying a home near popular schools. However, property prices might not jump drastically as the revised method of calculating proximity will encompass more homes within 1km and 2km of schools.
Sengkang Grand Residences is a rare fully integrated new condo that will benefit from the expanded radius proximity to Nan Chiau Primary School. Click to receive ebrochure, floorplans & pricelist. More than 80% sold.
Under the latest changes, each primary school will have to allocate 40 spots to pupils with no links at the start of the next Primary 1 registration exercise. Therefore from next year, more Primary 1 places will be set aside from the next registration exercise to take in children who do not qualify for priority admission with the number of places reserved for this group to be doubled to 40. They are currently eligible for Phase 2C of the annual exercise - the open phase for those who have no links with the school and priority is given to those who live nearby.
While 40 places will be set aside for Phase 2C, Phase 2B will continue to have 20 places. This phase is for children of parent volunteers and those with links to clan associations. On top of this, applicants in Phase 2C will also be allocated two-thirds of the remaining vacancies from earlier phases while those eligible for Phase 2B, will be allocated one-third of the places. Previously, remaining vacancies from earlier phases were split evenly between both phases.
MOE said this decision is in line with its broader objective of setting aside more places for Phase 2C to ensure that more children with no prior connection to the school can go to a school near their home.
While 40 places will be set aside for Phase 2C, Phase 2B will continue to have 20 places. This phase is for children of parent volunteers and those with links to clan associations. On top of this, applicants in Phase 2C will also be allocated two-thirds of the remaining vacancies from earlier phases while those eligible for Phase 2B, will be allocated one-third of the places. Previously, remaining vacancies from earlier phases were split evenly between both phases.
MOE said this decision is in line with its broader objective of setting aside more places for Phase 2C to ensure that more children with no prior connection to the school can go to a school near their home.
News Extracted From MOE Online & Straits Times Online
- Published on
Upcoming Infrastructure Developments in the Eastern Part of Singapore - Straits Times
Singapore’s economy is vibrant, with plenty of good jobs and opportunities for our people. Almost all Singaporeans have a home. Most live in quality public housing, with green parks and water bodies within their neighbourhood. Our heartlands are lively with community activities. Our people move around with ease and peace of mind.
From independence, Singapore's urban planning policies and redevelopment strategies paid close attention to holistic economic, social and environmental outcomes. Almost all Singaporeans have a home. Most live in quality public housing, with parks and water bodies in the vicinity. Our heartlands are lively with community activities. Our people move around with ease and peace of mind.
From independence, Singapore's urban planning policies and redevelopment strategies paid close attention to holistic economic, social and environmental outcomes. Almost all Singaporeans have a home. Most live in quality public housing, with parks and water bodies in the vicinity. Our heartlands are lively with community activities. Our people move around with ease and peace of mind.
Parc Komo is a Japanese inspired freehold mixed development condo above a shopping mall, cafes, amenities & NTUC supermarket in a private enclave near Changi Region, with attractive prices starting from $1,4xx psf. Don't miss our spacious 2 bedroom apts from below $1.1 mil. Click for ebrochure & developer's VIP price list.
Changi Region's Future Developments - URA
Changi Region
The Singapore government has huge plans for the eastern part of the island in Changi Region to transform it into a vibrant “live-work-play-learn” ecosystem around the airport to become a - Business Gateway To The World.
Changi Region is set to be a vibrant and thriving economic hub, hosting industries that maximise synergies with Changi Airport. To keep pace with growing air travel and freight demands, Changi Airport is increasing its capacity and enhancing its offerings progressively with the completion of Terminal 1’s expansion and the upcoming opening of Jewel Changi Airport in mid-April 2019. Looking forward, the future Terminal 5, Changi East Industrial Zone and Changi East Urban District will provide additional capacity for Changi Airport’s future growth.
Changi Aviation Park: New aviation-related industries
The existing Changi Aviation Park will be expanded with the development of Changi East Industrial Zone, providing a home for new aviation-related sectors and businesses. The expansion of cargo facilities will allow Changi’s handling capabilities to increase to three million to 5.4 million tonnes a year when the project is completed to cater to new aviation-related sectors and businesses that rely on air connectivity to the world.
Changi City: Waterfront District
Possibly a waterfront district in the longer term, it offers exciting new recreational and tourism possibilities and seamless inter-modal “fly-ferry” linkages from Terminal 5. The new waterfront district will be linked to the Changi East Urban District, which may provide new offices, conference facilities, hotels and serviced apartments. Freight transport and aviation-related organisations may also conduct research and development in Changi Business Park, leveraging expertise from the Singapore University of Technology and Design.
Changi City: Innovative lifestyle business district – SUTD & Changi Business Park
Leveraging on Singapore University of Technology and Design (SUTD) and Changi Business Park (CBP), an innovative ecosystem with a live-in community would attract businesses and institutions involved with freight transportation/aviation-related research and development, including artificial intelligence and robotics technology.
Changi City: Innovative lifestyle business centre– Changi East Urban District
A fifth terminal for Changi Airport is in the pipeline, and will be the airport’s largest when completed, able to serve up to 50 million passengers annually. The airport’s expansion will also see a third runway added, allowing it to run on a three-runway system by the mid-2020s. Located at the doorstep of the future Terminal 5, there could be new offices, smart work centres, flexible conference rooms and halls, hotels and serviced apartments, set amidst lushly landscaped public spaces within the new Changi East Urban District.
The Singapore government has huge plans for the eastern part of the island in Changi Region to transform it into a vibrant “live-work-play-learn” ecosystem around the airport to become a - Business Gateway To The World.
Changi Region is set to be a vibrant and thriving economic hub, hosting industries that maximise synergies with Changi Airport. To keep pace with growing air travel and freight demands, Changi Airport is increasing its capacity and enhancing its offerings progressively with the completion of Terminal 1’s expansion and the upcoming opening of Jewel Changi Airport in mid-April 2019. Looking forward, the future Terminal 5, Changi East Industrial Zone and Changi East Urban District will provide additional capacity for Changi Airport’s future growth.
Changi Aviation Park: New aviation-related industries
The existing Changi Aviation Park will be expanded with the development of Changi East Industrial Zone, providing a home for new aviation-related sectors and businesses. The expansion of cargo facilities will allow Changi’s handling capabilities to increase to three million to 5.4 million tonnes a year when the project is completed to cater to new aviation-related sectors and businesses that rely on air connectivity to the world.
Changi City: Waterfront District
Possibly a waterfront district in the longer term, it offers exciting new recreational and tourism possibilities and seamless inter-modal “fly-ferry” linkages from Terminal 5. The new waterfront district will be linked to the Changi East Urban District, which may provide new offices, conference facilities, hotels and serviced apartments. Freight transport and aviation-related organisations may also conduct research and development in Changi Business Park, leveraging expertise from the Singapore University of Technology and Design.
Changi City: Innovative lifestyle business district – SUTD & Changi Business Park
Leveraging on Singapore University of Technology and Design (SUTD) and Changi Business Park (CBP), an innovative ecosystem with a live-in community would attract businesses and institutions involved with freight transportation/aviation-related research and development, including artificial intelligence and robotics technology.
Changi City: Innovative lifestyle business centre– Changi East Urban District
A fifth terminal for Changi Airport is in the pipeline, and will be the airport’s largest when completed, able to serve up to 50 million passengers annually. The airport’s expansion will also see a third runway added, allowing it to run on a three-runway system by the mid-2020s. Located at the doorstep of the future Terminal 5, there could be new offices, smart work centres, flexible conference rooms and halls, hotels and serviced apartments, set amidst lushly landscaped public spaces within the new Changi East Urban District.
The Jovell is a brand new condo near the Changi Region of Singapore. With a huge sprawling land size of more than 240,000 sqft, The Jovell condo features extraordinary waterscape and lush tropical gardens with an amazing lagoon swimming pool that is more than 200m long. 2 bedroom from below $900k. Click to for more info & prices
Capitalising on the Connectivity of Changi Airport and Local Synergies
Connectivity to Changi Region will be improved to support the growth of Changi Airport. The newly announced Cross Island Line Phase 1 will complement existing MRT lines and reduce travel time to Changi Region. We are also studying the extension of the Cross Island Line and the Thomson-East Coast Line to serve Changi Airport. There will be new road corridors and other road improvements. With the Tanah Merah Ferry Terminal at the doorstep of the future Terminal 5, there is potential for seamless “fly-ferry” linkages.
Changi Region is much more than just an employment node. It can have a diverse range of recreation and tourism attractions. From the rich, rustic heritage of Changi Point to the iconic lifestyle and entertainment options within Jewel Changi Airport, a wide range of unique leisure attractions will be connected by the Round Island Route and cycling network. In the longer-term, a waterfront district could be developed to offer exciting new recreational and tourism possibilities.
Connectivity to Changi Region will be improved to support the growth of Changi Airport. The newly announced Cross Island Line Phase 1 will complement existing MRT lines and reduce travel time to Changi Region. We are also studying the extension of the Cross Island Line and the Thomson-East Coast Line to serve Changi Airport. There will be new road corridors and other road improvements. With the Tanah Merah Ferry Terminal at the doorstep of the future Terminal 5, there is potential for seamless “fly-ferry” linkages.
Changi Region is much more than just an employment node. It can have a diverse range of recreation and tourism attractions. From the rich, rustic heritage of Changi Point to the iconic lifestyle and entertainment options within Jewel Changi Airport, a wide range of unique leisure attractions will be connected by the Round Island Route and cycling network. In the longer-term, a waterfront district could be developed to offer exciting new recreational and tourism possibilities.
Treasure at Tampines is a 99-year leasehold condominium located in Tampines near Changi Region in the east of Singapore. Formerly the site of Tampines Court, Treasure at Tampines is expected to be completed in year 2023. Click for ebrochure and VIP developer pricing.
