February 2025

The week of Feb 7 to Feb 14 saw Mandarin Gardens achieve the highest profitable condo resale transaction. A 3,800 sq ft four-bedroom unit at the development was sold for $4.88 million, or $1,284 psf, on Feb 11. Records from URA show that this eighth-floor unit was previously sold for $1.05 million ($276 psf) in June 2003.

The sale resulted in a profit of $3.83 million for the seller, which is a remarkable 364.8% of their original purchase price. This translates to an annualized capital gain of 7.4% over a span of 21 and a half years.

Mandarin Gardens, located …

The latest period from Feb 7 to 16 saw the sale of a 452 sq ft, two-bedroom unit at Hill House set a new record psf-price high of $3,398, making it the top private condo in terms of psf-price in the period. Located in District 9 and launched in 2022, Hill House comprises 72 units and is expected to be completed in 3Q2026. The condo offers a mix of one- to three-bedroom apartments, with sizes ranging from 431 sq ft to 753 sq ft. The sold unit is a two-bedroom unit on the eighth floor and was sold by the …

Chiu Teng Group has a proven track record of developing top-notch commercial and industrial spaces in Singapore. Their latest offering, CT Pemimpin, is a freehold development that will surely attract property investors and business owners searching for a valuable asset in Singapore’s land-scarce market.

Located at 43 Jalan Pemimpin in the Central Region, this nine-storey, partial ramp-up factory comprises of 56 strata-titled units and three canteen units. It boasts floor heights ranging from 5.6m to 7.35m for selected units, with mezzanine floors located on levels one and five.

One of the main selling points of CT Pemimpin is its rare …

Alison Lee, assistant vice president of auction and sales at ERA, says that the two adjacent retail units on the third floor of Sim Lim Square will be featured at the company’s upcoming auction on Feb 27. With a total guide price of $3.38 million, the larger unit is 958 sq ft and has a guide price of $2.08 million ($2,171 psf), while the smaller unit is 570 sq ft and has a guide price of $1.28 million ($2,246 psf). This is the first time both units are being listed on the auction. They can be bought together or separately. …

for sale for $450 milAs Mr Chong retired, he supported his three sons when they were setting up their own homes. His eldest son bought a private condo while his younger sons bought executive condos (ECs). According to Mr Chong, buying an EC during its launch is a great decision. It has a great entry price and even when bought shortly after the five-year MOP (minimum occupation period), it is still a good deal.

Mr Chong has experienced both scenarios when his second son bought a three-bedroom unit at the Hundred Palms Residences, a 531-unit condo launched in July 2017. …

According to recent data from C9 Hotelworks, a hospitality consultancy based in Asia, the market value of branded residential projects in Asia has reached a new high of US$26.6 billion ($35.5 billion). This growth can be attributed to the availability of over 68,000 luxury units across the region.

Leading the pack in the number of branded residential units is Vietnam, with 17,680 units in 59 properties. With an average price of US$350 per square foot, Vietnam also boasts the most affordable branded residential units in Asia. Thailand follows closely behind with 16,271 units in 65 properties, with most units priced …

Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have joined forces to accelerate growth within the Johor-Singapore Special Economic Zone (JS-SEZ). According to a press release issued on Feb 27, this marks the first MOU between private companies from Malaysia and Singapore.

Under the agreement, the two groups will work together to develop UEM Sunrise’s freehold landbank in Iskandar Puteri, Johor. The MOU signing took place at the opening of UEM Sunrise Gallery Iskandar Puteri, where the company showcased its vision for the area.

Iskandar Puteri, which is part of Flagship Zone B of the JS-SEZ, is known for its …

Despite the festive season of Chinese New Year, several notable resale transactions were closed between January 28 to February 4. The most profitable deal during this period was the sale of a 3,983 square feet unit at the Palisades condominium for $4 million ($1,004 per square feet) on February 4. This unit on the second floor was originally purchased for $1.7 million ($427 per square feet) in August 2009, resulting in a profit of $2.3 million (135%) for the seller. This translates to an annualized gain of 5.7% over a span of 15.5 years, making it the most lucrative resale …

UEM Sunrise and GuocoLand, both prominent developers in Malaysia and Singapore respectively, have recently joined forces in the first Johor-Singapore Special Economic Zone (JS-SEZ) Memorandum of Understanding (MOU) between private companies from the two nations. This collaboration, announced in a press release on February 27th, will see the two companies work together to develop UEM Sunrise’s select freehold land in Iskandar Puteri, Johor with the aim of driving growth within the JS-SEZ. The MOU signing took place during the opening of UEM Sunrise Gallery Iskandar Puteri, where the company showcased its vision for the area.

Iskandar Puteri is a part …

Frasers Property has teamed up with two major Chinese real estate companies to jointly purchase a residential site in the Songjiang District of Shanghai, China. This joint venture, which acquired the site through a tender from the Shanghai Municipal Bureau of Planning and Natural Resources for RMB 815.2 million ($151.9 million), also includes Xiamen ITG Real Estate Group and Shanghai-listed Gemdale Corporation.

In a press release on February 26, Frasers Property announced that the JV partners aim to develop the site into a mix of 189 low-rise apartments, townhouses, and duplex units, with a total gross floor area of 334,714 …