Month: September 2024

Amber 45, a freehold development, has topped the list of condos that have hit a new psf-price peak in the period between Aug 30 and Sept 8. According to URA caveats, the seller of the three-bedroom apartment purchased the unit from the developer in May 2018 for $2.72 million. The sale of the unit for $3.35 million on Sept 2, marked a new high of $2,829 psf and the first time a unit at Amber 45 was sold for more than $2,800 psf.

Amber 45, located at 45 Amber Road in District 15, is a 139-unit development that was completed in 2021. It consists of a 21-storey residential tower offering a mix of two- to four-bedroom apartments. The unit sizes range from 614 sq ft for a two-bedroom unit, 1,130 sq ft for a three-bedroom unit, and 1,345 sq ft for a four-bedroom unit. There are also 20 four-bedroom premium …

One Tree Hill Collection up for sale at from $2,825 psfHDB resale volume up 127.3% in August after new grants launchIn this week’s issue: Pandemic-price resilience of 3- and 4-room HDB flats in prime districts; Pee-approved sites in Kovan and Jalan Besar; Landmark $51 mil offer for Katong Park Towers; Opportunities overseas; Experiential retail and the future of malls

Amber 45, a freehold development, has set a new record of $2,829 psf for its unit. In the period between Aug 30 and Sept 8, it topped the list of condos that hit a new psf-price peak. On Sept 2, a 1,184 sq ft, three-bedroom unit on the sixth floor was sold for $3.35 million, marking the first time a unit at Amber 45 was sold for more than $2,800 psf. The previous record was set in Dec 2020 when a 700 sq ft, two-bedroom unit on the 19th floor was …

ROM for Amber Park showflat this weekendMortgagee sale at Silversea yields 17% profit Roughly 2 years since its completion, Amber 45, a 139-unit freehold development at 45 Amber Road in District 15, has made a breakthrough in the market, topping the list of condos that hit a new peak in psf price. During the period between Aug 30 and Sept 8, a 1,184 sq ft, three-bedroom unit on the sixth floor was sold for a notable $3.35 million, translating to a record-breaking $2,829 psf.

It marks the first time a unit at Amber 45 has been sold for more than $2,800 psf, surpassing the previous high of $2,791 psf last December when a 700 sq ft, two-bedroom apartment on the 19th floor was sold for around $1.95 million.

Completed in 2021, Amber 45 has recorded 4 resale transactions this year, with an average price of $2,723 psf. Last year, there …

A single bid of $120.09 million or $461 psf per plot ratio (ppr) was received for the residential site at Media Circle, which closed on September 19. The bid was submitted by a consortium led by property group Frasers Property, with Padawan MC and Empire One North Property. The site, located within District 5 of one-north, is zoned for long-stay serviced apartments with commercial use on the first storey. Spanning 62,046 sq ft, it has a maximum gross floor area of 260,605 sq ft and a 60-year lease. The site is expected to yield 520 units.

This is the first GLS residential site released for sale that is fully zoned for long-stay serviced apartments. It is strategically located near Mediapolis, the headquarters of Mediacorp, as well as the headquarters of companies like Grab, Razer, and Equinix data centre. It is also in close proximity to renowned schools such as Tanglin …

The bidding for the government land sales (GLS) tender for a mixed-use site at Tampines Street 94 has come to a close on September 19, with a total of six bids submitted. The highest bid of $668.28 million, or $1,004 per square foot per plot ratio (psf ppr), was put forward by a joint venture between Hoi Hup Realty and Sunway Developments.

This 99-year leasehold site spans a generous land area of 252,989 square feet and has a maximum gross floor area of 665,366 square feet. According to estimates by the Urban Redevelopment Authority (URA), the site has the potential to yield approximately 585 residential units.

The winning bid, which translates to $1,004 psf ppr, is only 1.9% higher than the next best bid of $985 psf ppr submitted by Sing Holdings Residential. This makes it the most highly contested non-Executive Condominium (EC) site since the Clementi Avenue 1 residential …

is to provide seamless alternative modes of transport: RedasPaper-filing phase-out to begin for construction permit applications with LTA

The Land Transport Authority (LTA) has announced plans to develop an AI chatbot that will assist developers and appointed contractors in adhering to regulatory requirements. This announcement was made by Minister of Transport Chee Hong Tat at the Real Estate Developers’ Association of Singapore (REDAS) mid-autumn lunch on Sept 17, where Chee was the guest of honour.

The move is part of the government’s ongoing review of existing regulations and procedures for road and building works approvals. The AI chatbot is designed to help developers and contractors verify the relevant LTA regulations for their development proposals, eliminating the need for them to manually search for information online. Chee stated that the chatbot will provide customized advice to industry professionals as they develop their proposals.

Currently in development, LTA will engage with the …

A two-storey freehold shophouse located at 221 Rangoon Road has been made available for sale through an expression of interest (EOI) exercise by real estate company, EDGEPROP. With a land area of approximately 2,145 sq ft and a total built-up area of 3,347 sq ft, this property is zoned for residential use under the 2019 Master Plan and has a gross plot ratio of 3.0. It has a guide price of $8.88 million, equivalent to $2,653 per sq ft on the built-up area.

According to Sammi Lim, founder and executive director of Brilliance Capital, the exclusive marketing agent for this property, the ground floor has been approved for F&B use and is currently tenanted to a restaurant, while the upper floor is leased out for residential purposes. This presents a lucrative opportunity for potential investors as they will receive immediate rental income. Lim further adds that this shophouse is expected …

on July 22Botanic Gardens View is a highly sought-after residential development in prime District 10. It is well-known for its prime location and lush greenery, as it is situated just across the iconic Singapore Botanic Gardens. Thus, it is no surprise that a recent resale transaction at the development has set a new record for being the most profitable ever recorded. The transaction, which took place during the week of September 3 to September 10, saw the sale of a three-bedroom unit on the sixth floor of the 1970-built freehold condo for $4.13 million ($2,353 psf) on September 9. According to records, the seller had purchased the 1,755 sq ft unit in July 1998 for about $862,000 ($491 psf). This means that the seller made a whopping gain of $3.27 million, reflecting an impressive capital gain of 379%, after holding the property for approximately 26 years.This transaction has surpassed the …