District 15’s Hidden Treasure: The Emerald of Katong’s Luxurious Charm

Imagine yourself surrounded by the vibrant energy of Tanjong Katong, where rich heritage meets modern luxury. Welcome to Emerald of Katong, your oasis of contemporary living, where every aspect is carefully crafted to elevate your lifestyle. As you step into this majestic residential gem, you’ll discover a world of opulence, where innovative design, luxurious amenities, and superior accessibility come together to redefine urban living in Singapore. Get ready to experience the epitome of luxury, where every moment is a testament to your refined taste and discerning sensibilities.

Luxurious Living in the Heart of Tanjong Katong

Before you experience the opulence of Emerald of Katong, let’s explore into what makes this residential gem a true treasure of District 15. Located in the heart of vibrant Tanjong Katong, Emerald of Katong offers a unique blend of modern luxury and rich heritage, making it an irresistible choice for discerning homebuyers like you.

Contemporary Design and Innovative Architecture

One of the most striking features of Emerald of Katong is its contemporary design and innovative architecture. As you step into your luxurious abode, you’ll be greeted by sleek lines, modern fixtures, and an abundance of natural light. The six majestic towers that make up Emerald of Katong are designed to provide maximum comfort and style, catering to the diversified needs of modern families like yours.

From intimate 1-bedroom + study apartments to spacious 5-bedroom residences, each unit is meticulously designed to provide the perfect blend of luxury and functionality. Whether you’re a young professional, a growing family, or an empty nester, Emerald of Katong has a home that’s tailored to your unique needs and lifestyle.

Unparalleled Accessibility and Connectivity

Accessibility is key when it comes to urban living, and Emerald of Katong delivers in spades. With its close proximity to public transportation networks, you’ll be able to travel effortlessly between various areas on the island for work or pleasure. Just minutes from Tanjong Katong MRT Station is Tanjong Katong Bus Stop, providing you with a seamless commute to anywhere in Singapore.

Connectivity is also a breeze, thanks to Emerald of Katong’s convenient connection to the Thomson-East Coast Line. This means you’ll have greater mobility and flexibility, making it easy to live life on-the-go. Whether you’re heading to work, school, or simply exploring the city, you’ll appreciate the convenience and accessibility that Emerald of Katong provides.

Connectivity is not just about transportation; it’s also about being close to the things that matter most. At Emerald of Katong, you’ll be surrounded by top-quality educational institutions, shopping centers, and recreational facilities, making it easy to live a life that’s rich in experience and convenience.

A Home for Every Family

You’re not just looking for a roof over your head; you’re searching for a sanctuary where memories are made, and moments are cherished. At Emerald of Katong, you’ll find a haven that caters to your every need, providing a luxurious living experience that’s tailored to your unique lifestyle.

Exquisitely Designed Residential Units

Elegantly crafted with your comfort in mind, Emerald of Katong’s 846 residential units are a testament to sophisticated design and luxurious living. From intimate 1-bedroom + study apartments to spacious 5-bedroom residences, each unit is meticulously planned to provide the perfect blend of style and functionality. Whether you’re a young professional, a growing family, or an empty nester, you’ll find a unit that perfectly suits your needs.

Imagine waking up every morning in a spacious bedroom, surrounded by natural light and breathtaking views of the city. Envision entertaining friends and family in your stylish living room, complete with sleek finishes and premium appliances. At Emerald of Katong, every unit is designed to make your dreams a reality.

Catering to Diversified Needs of Modern Families

On the pulse of modern living, Emerald of Katong understands that every family is unique, with its own set of needs and preferences. That’s why our residential development offers a diverse range of units, each carefully crafted to cater to your individual requirements.

From young families who need easy access to top-quality educational institutions to empty nesters who crave a luxurious, low-maintenance lifestyle, Emerald of Katong has something for everyone. Every aspect of our development has been carefully planned to provide a seamless living experience, where every moment is filled with comfort, convenience, and joy.

Every family deserves a home that’s tailored to their unique needs, and at Emerald of Katong, we’re committed to providing just that. Whether you’re looking for a peaceful retreat or an active lifestyle, our luxurious amenities and prime location ensure that you’ll always find what you’re looking for, right at your doorstep.

Experience the Unique Charm of Tanjong Katong

One of the most alluring aspects of Emerald of Katong is its location within the vibrant neighborhood of Tanjong Katong, renowned for its rich history, cultural diversity, and lively atmosphere.

Cultural Diversity and Vibrant Lifestyle

Culturally rich and eclectic, Tanjong Katong is a melting pot of traditions, flavors, and experiences. You’ll find yourself surrounded by the aroma of Peranakan cuisine, the vibrant colors of Indian temples, and the warm hospitality of the local community. As you explore the neighborhood, you’ll discover a treasure trove of hidden gems, from quaint antique shops to trendy cafes and boutiques. The neighborhood’s cultural diversity is reflected in its vibrant lifestyle, where you can experience the best of Singapore’s multicultural heritage. From festive celebrations to cultural events, Tanjong Katong is always buzzing with activity, ensuring that you’ll never be short of excitement and entertainment.

Easy Access to Major City Attractions

Centrally located and well-connected, Tanjong Katong offers you effortless access to major city attractions. Conveniently situated near public transportation networks, you’ll be just minutes away from the Tanjong Katong MRT Station and Tanjong Katong Bus Stop, making it easy to travel between various areas of the island for work or pleasure. Another advantage of living at Emerald of Katong is its proximity to the Thomson-East Coast Line, providing you with greater mobility and convenience. Whether you’re commuting to work, visiting friends, or exploring the city, you’ll appreciate the ease of getting around Singapore from your luxurious residence. With Emerald of Katong, you’ll be perfectly positioned to experience the best of urban living, with the city’s attractions and amenities at your doorstep.

Elevating the Residential Experience

Your dream home is not just a place to rest your head, but a haven where you can live life to the fullest. At Emerald of Katong, the residential experience is elevated to new heights, offering you a luxurious and comfortable lifestyle that is unparalleled in District 15.

Exceptional Range of Amenities

Amenities abound at Emerald of Katong, carefully crafted to enhance your quality of life. From lounging by the poolside to playing tennis, working out at the state-of-the-art gym, or hosting gatherings in the elegant function rooms, there’s something for everyone to enjoy. Whether you’re looking to relax, socialize, or stay active, our amenities have been thoughtfully planned to cater to your every need. With a focus on convenience and luxury, our amenities are designed to make your life easier and more enjoyable. Imagine being able to access top-notch facilities and services right at your doorstep, saving you time and effort while providing you with a sense of comfort and security.

Luxurious Features for an Unparalleled Lifestyle

Luxurious living is redefined at Emerald of Katong, where every aspect of our development is designed to provide you with an unparalleled lifestyle experience. From the meticulously designed interiors to the beautifully landscaped gardens, every detail has been carefully considered to create a living space that is truly exceptional. With luxurious features such as premium finishes, high-quality appliances, and sleek designs, our residences are the epitome of modern luxury living. Whether you’re looking to entertain, relax, or simply enjoy some quality time with loved ones, our homes are designed to provide you with the perfect setting. Lifestyle is about more than just a physical space; it’s about the experiences and memories you create within it. At Emerald of Katong, we’ve carefully crafted a living environment that is designed to enhance your lifestyle, providing you with endless opportunities to live life to the fullest.

To wrap up

With these considerations, it’s clear that Emerald of Katong is more than just a residential property – it’s a haven of luxury and convenience that offers you the ultimate urban living experience. From its prime location in the heart of vibrant Tanjong Katong to its innovative design, luxurious amenities, and superior accessibility, every aspect of this development has been carefully crafted to cater to your every need and desire.

As you imagine yourself living in this luxurious oasis, you’ll realize that Emerald of Katong is not just a place to call home, but a lifestyle that promises to elevate your daily living to new heights. With its unparalleled amenities, proximity to top schools and recreational facilities, and seamless connectivity to the rest of the city, you’ll be spoiled for choice and surrounded by endless opportunities for entertainment, engagement, and relaxation.

So why wait? Make Emerald of Katong your home today and experience the epitome of luxurious urban living in District 15. Visit Emerald of Katong Showroom today now!

If you think that living in the East is not suitable for you, you can consider Ki Residences, which is near to Upper Bukit Timah area.

Smart Homes, Smart Investments: How AI, Big Data, and IoT are Revolutionizing Real Estate in Singapore

Discover how AI, Big Data, and IoT are reshaping the real estate landscape in Singapore, making smart investments a must-have.

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The real estate landscape in Singapore is rapidly evolving, driven by technological advancements that are reshaping the industry. From Artificial Intelligence (AI) to Big Data analytics and Internet of Things (IoT), the future of real estate is being shaped by innovation. In this friendly blog post, we will explore how these cutting-edge technologies are transforming the way we buy, sell, and live in properties across Singapore.

The Rise of AI in Real Estate

Artificial Intelligence (AI) is revolutionizing the real estate market in Singapore, offering new tools and solutions that streamline processes and enhance the overall customer experience. AI-powered platforms and applications are helping property seekers find their dream homes more efficiently, thanks to advanced algorithms that analyze preferences and offer personalized recommendations.

Chatbots and virtual assistants are also becoming increasingly popular in the real estate industry, providing round-the-clock support to buyers, sellers, and renters. These AI-driven assistants can answer queries, schedule viewings, and even negotiate deals, making the property search process smoother and more convenient for everyone involved.

Leveraging Big Data for Decision-making

Big Data analytics is empowering real estate professionals in Singapore to make data-driven decisions that optimize sales strategies, identify market trends, and uncover valuable insights. By harnessing the power of data, industry players can gain a deeper understanding of consumer behavior, property performance metrics, and investment opportunities such as Ki Residences.

With Big Data analytics, real estate agents can predict future property values, assess risks, and tailor their marketing efforts to target specific demographics more effectively. This data-driven approach not only enhances operational efficiency but also enables agents to provide more accurate and personalized services to their clients.

Creating Smart Homes with IoT

The Internet of Things (IoT) is revolutionizing the concept of home automation, transforming traditional residences into smart homes that offer enhanced comfort, security, and convenience. In Singapore, smart home devices such as thermostats, lighting systems, security cameras, and smart locks are becoming increasingly popular among tech-savvy homeowners.

Real estate developers are also capitalizing on IoT technology by integrating smart features into new residential properties to attract modern buyers and tenants. These smart homes offer a range of benefits, including energy savings, remote monitoring capabilities, and seamless integration with other IoT devices for a truly connected living experience.

Conclusion

The future of real estate in Singapore is undeniably intertwined with technological innovation, with AI, Big Data, and IoT playing a central role in shaping the industry’s trajectory. By embracing these cutting-edge technologies, real estate professionals can stay ahead of the curve, meet the evolving needs of customers, and unlock new opportunities for growth and success in Singapore’s dynamic property market.

 

Nurturing Nature: How Parks and Gardens Shape Singapores Urban Landscape

Uncover the secret behind Singapore’s lush urban landscape and how parks and gardens play a vital role in its beauty.

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Hey there, nature lovers! Today, we’re diving into the lush world of green spaces in the bustling city of Singapore. From the stunning Gardens by the Bay to the serene Singapore Botanic Gardens, these urban oases play a vital role in shaping the landscape and enhancing the quality of life for residents. Let’s explore why parks and gardens are so crucial to Singapore’s urban planning.

History of Green Spaces in Singapore

Back in the day, Singapore wasn’t always the green paradise it is today. Over the years, city planners and environmental advocates have worked tirelessly to develop and preserve green spaces near to Ki Residences location in the urban jungle. These efforts have transformed Singapore into a sustainable and livable city, where nature thrives amidst skyscrapers and bustling streets.

Benefits of Green Spaces in Urban Areas

Green spaces are more than just pretty patches of grass and flowers. They offer a myriad of benefits to the environment, society, and economy. From improving air quality and regulating the climate to providing recreational spaces and promoting community engagement, parks and gardens are a cornerstone of urban well-being.

Singapore’s Innovative Approach to Urban Greening

Singapore is known for its forward-thinking approach to urban planning, and its commitment to creating a green city is no exception. With the ambitious “City in a Garden” vision, Singapore has implemented a range of green initiatives and policies to ensure that nature remains an integral part of city life.

Image result for Nurturing Nature: How Parks and Gardens Shape Singapores Urban Landscape infographics

Image courtesy of via Google Images

Case Studies of Successful Green Space Projects in Singapore

One of the most iconic green projects in Singapore is Gardens by the Bay, where futuristic Supertrees and lush gardens come together in a harmonious blend of nature and technology. The Singapore Botanic Gardens, a UNESCO World Heritage Site, showcases the beauty of tropical flora and fauna, while Bishan-Ang Mo Kio Park offers a tranquil retreat in the heart of the city.

Challenges and Future Directions

While Singapore has made great strides in greening its urban landscape, challenges remain in maintaining and expanding green spaces. As the city continues to grow and develop, it is crucial to prioritize the preservation of parks and gardens and integrate them seamlessly into future urban planning efforts.

Conclusion

Green spaces are the heart and soul of Singapore’s urban landscape, providing a breath of fresh air amidst the concrete jungle. As we look towards the future, let’s remember the importance of nurturing nature in our cities and making room for parks and gardens to flourish. Together, we can create a greener, healthier, and more vibrant urban environment for generations to come.

 

Singaporean Style: Embracing the Hottest Home Renovation Trends

Discover the latest Singaporean home renovation trends that are revolutionizing interior design – prepare to be inspired and amazed!

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Hey there, fellow home decor enthusiast! If you’re looking to spruce up your space and stay on top of the latest interior design trends in Singapore, you’ve come to the right place. In this blog post, we’ll be exploring the hottest home renovation trends that are taking the Lion City by storm. From biophilic design to sustainable materials and everything in between, Singaporean interior design is as diverse and dynamic as ever. So grab a cup of tea, put on your thinking cap, and let’s delve into the world of curated home decor trends!

Biophilic Design: Bringing the Outdoors In

Have you ever felt an instant sense of calm and serenity when surrounded by nature? That’s the magic of biophilic design. In Singaporean interior design, there’s a growing emphasis on incorporating natural elements into indoor spaces to create a harmonious environment. Think lush indoor plants, warm wooden furniture, and strategically placed windows to let in natural light.

By embracing biophilic design in your home renovation project, you can not only enhance the aesthetic appeal of your space but also reap the benefits of improved air quality, reduced stress levels, and increased productivity. It’s a win-win for both you and Mother Nature!

Sustainable Materials: The Eco-Friendly Choice

As the world shifts towards sustainability and environmental consciousness, Singaporean interior designers are leading the way by using eco-friendly and sustainable materials in their projects. From bamboo flooring to recycled wood furniture and ethically sourced textiles, there’s a wide range of options available for the eco-conscious homeowner.

By opting for sustainable materials in your home renovation, you can reduce your carbon footprint and contribute to a greener future. Plus, who doesn’t love the look and feel of natural, earth-friendly materials in their living space?

Maximalist Spaces: Go Big or Go Home

If you have a flair for the dramatic and love to make a statement with your interior design choices, maximalist spaces might be right up your alley. In Singaporean interior design, there’s a growing trend towards bold colors, intricate patterns, and rich textures that transform a space from ordinary to extraordinary.

By embracing maximalism in your home renovation project, you can infuse your space with personality, drama, and a sense of grandeur. Don’t be afraid to mix and match patterns, textures, and colors to create a visually engaging and captivating environment that reflects your unique style.

Smart Home Technology: The Future is Now

Gone are the days of traditional home decor – smart home technology seen in development such as Pinetree Hill UOL is here to stay. In Singaporean interior design, there’s a rising interest in integrating smart home technology into renovation projects, from automated lighting and temperature control to smart appliances and security systems.

By incorporating smart home technology into your space, you can enhance convenience, efficiency, and comfort like never before. Imagine controlling your home’s lighting, temperature, and security systems with just a tap on your smartphone – it’s the future of home living at your fingertips.

So there you have it – the top home renovation trends in Singaporean interior design that are taking the design world by storm. Whether you’re a fan of biophilic design, sustainable materials, maximalist spaces, or smart home technology, there’s something for everyone to love and embrace in the vibrant world of Singaporean interior design. So go ahead, get inspired, and start curating your dream home today!

 

Retail Revolution: Navigating Consumer Trends in Singapore Beyond 2024

Discover the future of retail in Singapore post-2024: from AI technology to personalization strategies, learn how to stay ahead.

Macbook Plus Gift Box On Sale At Black FridayImage courtesy of Karolina Grabowska via Pexels

Hey there, savvy shoppers and retail enthusiasts! Today, let’s dive into the exciting world of retail in Singapore and explore how retailers are adapting to the ever-evolving landscape of consumer behavior. As we look towards the future, it’s essential for businesses to stay ahead of the game and cater to the changing needs and preferences of their customers. Let’s uncover the key trends that are shaping the future of retail in Singapore!

Shift towards Personalized Shopping Experiences

One of the biggest trends driving the future of retail is the shift towards personalized shopping experiences. Customers today are looking for more than just generic products – they want tailored recommendations and customized shopping experiences that cater to their individual needs. Retailers are leveraging data analytics and artificial intelligence to better understand consumer preferences and deliver personalized offerings. By providing shoppers with relevant and targeted recommendations, retailers can enhance customer satisfaction and loyalty.

Rise of E-commerce and Omnichannel Retailing

The rise of e-commerce has transformed the way we shop, with more and more consumers turning to online channels for their retail needs. In Singapore, the e-commerce market is booming, and retailers are recognizing the importance of embracing digital channels to reach a wider audience. Omnichannel retailing, which integrates online and offline channels seamlessly, is becoming increasingly popular. By offering a unified shopping experience across all touchpoints, retailers can provide customers with convenience and flexibility, driving sales and customer loyalty.

Emphasis on Sustainability and Ethical Consumerism

Another significant trend shaping the future of retail is the emphasis on sustainability and ethical consumerism. Today’s consumers are more conscious of the environmental and social impact of their purchases, leading to a growing demand for eco-friendly and ethically sourced products. Retailers in Singapore are leveraging this trend by offering sustainable options and being transparent about their sourcing practices. By aligning with the values of socially and environmentally conscious consumers, retailers can not only attract new customers but also build a positive brand reputation.

Adoption of New Technologies in Retail

The retail industry is no stranger to technological advancements, and the future promises even more innovation. Technologies such as augmented reality, virtual reality, and the Internet of Things are changing the way customers interact with brands and products. Retailers in Singapore are embracing these technologies to enhance the shopping experience and differentiate themselves from the competition. From virtual try-on experiences to smart product recommendations, technology is revolutionizing the retail landscape and opening up new possibilities for engaging customers.

Conclusion

As we look towards the future of retail in Singapore beyond 2024, it’s clear that the industry is undergoing a significant transformation. By understanding and adapting to changing consumer behavior, retailers can stay ahead of the curve and thrive in a dynamic market. Personalized shopping experiences, e-commerce, sustainability, and technology are just a few of the key trends shaping the future of retail in Singapore. By embracing these trends and staying agile, retailers can create a winning formula for success in the years to come.

Are you excited about the future of retail in Singapore? How do you think retailers can better adapt to changing consumer behavior? Share your thoughts and ideas in the comments below! Stay tuned for more insights and updates on the ever-evolving world of retail. Happy shopping at the comfort of Ki Residences!

 

How to Maximize Rental Yield in Singapore Property Market

Unlock the untold tricks of the trade to skyrocket your rental profits in Singapore’s booming property market. Don’t miss out!

Rental yield is a crucial factor to consider when investing in the vibrant real estate market of Singapore. As a property investor, maximizing rental yield allows you to generate a steady stream of income and achieve a solid return on investment. Understanding the key factors that influence rental yield and implementing effective strategies can significantly impact your success in the property market.

Factors influencing rental yield in Singapore

Location plays a pivotal role in determining the rental yield of a property. Ki Residences is one such good example. Proximity to amenities such as shopping centers, schools, public transportation, and recreational facilities can make your property more attractive to potential tenants. In Singapore, properties located in prime districts or near central business districts tend to command higher rental yields due to the convenience and accessibility they offer.

Another factor to consider is the type of property you are investing in. HDB flats, condominiums, landed properties – each property type comes with its own set of rental yield potentials. Condominiums and landed properties are known to have higher rental yields compared to HDB flats, largely due to their premium features and facilities.

Rental demand is a key determinant of rental yield. Keeping abreast of market trends, population growth, and the expatriate population can help you gauge the demand for rental properties in different areas of Singapore. Properties located in areas with high rental demand are more likely to fetch higher rental yields.

The condition of the property also plays a crucial role in determining its rental yield. Well-maintained properties with modern amenities and furnishings are more appealing to tenants and can command higher rental rates. Investing in property upgrades and renovations can not only enhance the property’s value but also increase its rental yield potential.

Strategies to maximize rental yield

Setting the right rental price is essential to maximizing rental yield. Conducting thorough market research to understand prevailing rental rates in the area and adjusting your rent based on market conditions can help you attract tenants while maximizing your rental income. Regularly reviewing and adjusting your rental rates in line with market trends is key to optimizing rental yield.

Enhancing the value of your property can also contribute to maximizing rental yield. Renovating your Pinetree Hill condo unit, and furnishing it with modern appliances can make it more appealing to tenants and justify a higher rental rate. Investing in property improvements that enhance the overall living experience can help you command a premium rental yield.

Targeting the right tenants is another crucial strategy in maximizing rental yield. Identifying your target market, understanding their preferences and needs, and tailoring your marketing efforts to attract the right tenants can lead to faster rental agreements and higher rental yields. Effective marketing techniques, such as utilizing online platforms and social media, can help you reach a wider audience of potential tenants.

Developing strong negotiation skills is essential in maximizing rental yield. Skillfully handling tenant negotiations, setting clear lease terms, and effectively resolving any disputes or issues can help you maintain a positive landlord-tenant relationship and ensure a steady rental income. Building rapport with your tenants and addressing their concerns promptly can lead to longer tenancy periods and a consistent flow of rental income.

Real-life case studies

Let’s dive into some real-life case studies of successful property investors who have achieved high rental yields in the competitive Singapore property market. By examining their strategies and learning from their experiences, you can gain valuable insights into how to maximize rental yield in your own property investments.

Case Study 1: Jane, a property investor in Singapore, has successfully maximized rental yield by targeting the expatriate population. By investing in high-end condominiums in prime locations and offering premium amenities and services, Jane has been able to command premium rental rates and achieve high rental yields. By understanding the needs and preferences of expatriate tenants, Jane has been able to maintain a high occupancy rate and generate a consistent rental income.

Case Study 2: Mark, a property investor with a portfolio of rental properties in different districts of Singapore, has implemented a strategic pricing and marketing strategy to maximize rental yield. By conducting market research, setting competitive rental rates, and leveraging online platforms for marketing, Mark has been able to attract a diverse range of tenants and achieve high occupancy rates. By maintaining his properties in top condition and providing excellent customer service, Mark has built a strong reputation as a reliable and sought-after landlord.

These case studies highlight the importance of understanding the key factors that influence rental yield and the value of implementing effective strategies to maximize rental income. By learning from successful property investors and applying their strategies to your own investments, you can increase your chances of achieving a high rental yield and long-term success in the Singapore property market.

Conclusion

Maximizing rental yield in the Singapore property market requires a combination of strategic planning, market insights, and effective execution. By considering the key factors that influence rental yield, implementing proven strategies to enhance property value, targeting the right tenants, and developing strong negotiation skills, you can optimize your rental income and achieve a solid return on investment.

Investing in property is a long-term commitment that requires careful planning and continuous effort to maximize rental yield. By learning from real-life case studies and leveraging the insights shared in this guide, you can position yourself for success in the competitive Singapore property market and achieve your financial goals as a property investor.

 

Rent drop by another 1.9% in Q1. Private home prices up 1.4%

Singapore’s prices for private housing rose at the lowest quarterly rate it has seen in almost three-years, as sales of homes slowed down, supply expanded and rents dropped further in first quarter of 2024.

Analysts predict that pressure will continue to be exerted on the private housing market in the next few months as the economic uncertainty continues to dampen both the demand for home purchases and rentals.

Urban Redevelopment Authority data released on April 26 showed that residential property prices in the private sector rose 1.4% during the first four months of 2024. The agency had estimated a 1.5 percent increase earlier this month. However, the price of private residential properties rose by 1.4 per cent during the first quarter of 2024.

The increase of 1.4 percent is the slowest since Q3 20,21, when there was a 1.1 percent rise.

Rents decreased by 1.9 % in Q1, which is a continuation of the 2.1 % decline that occurred in the preceding quarter.

The slower rate of price increases reflects the cautious approach taken by homebuyers in light of slower wage gains and weaker economic conditions.

The price of private houses has risen 34.4% since the Covid epidemic began.

As interest rates rise and ABSD (additional stamp duty) is implemented for foreigners in April 2023 at 60 percent, it appears that there will be more resistance to higher prices. Developers’ sales in 2023 reached 6,421 unit, a record low for 15 years.

Unsold inventories of uncompleted (excluding ECs), increased by 17.8 per cent to 19,936 from 16,929 units at Q4 2023. In Q1, the unsold inventory of completed units (including completed units) rose by 17 per cent, to 20,204.

Home prices rose the most in the first three months of 2024. This was due to the increase in land values, up 2.6% compared with the previous quarter’s 4.6%.

Prices for non-landed properties increased 1 per cent during Q1, compared to a rise of 2.3 per cent the previous quarter.

Prime Core Central Region Prices (CCR), up by 3.4 percent, drove Q1 price increases. Rest of Central Region, and Outside Central Region, saw gains of only 0.2 and 0.3 percent, respectively.

The public launch by Watten House at the CCR seemed to have increased sentiment within the segment. Projects such as Perfect Ten, and Leedon Green were seeing higher median sales prices.

CCR buyers could move prices up to catch other regions. CCR price growth between 2021-2023 was only about 11%, a significant difference from other regions which saw prices increase by over 30%.

The overall volume of sales fell 2.4% in the first quarter for the third time. This was due to a drop from 4,230 units. Re-sale sales fell by 5% to 2,689 and sub-sales were down 8.3% to 377.

The only improvement was in the new market, where volume grew 6.6% to 1164 units during Q1. In Q1, developers offered more private residences for sale than in Q4, with 1,304 units (excluding executive condominiums).

In Q1, however, new launches were not as well received. Take-up rates for new launches of more than 100 items were around 39 percent, compared with 54 percent one year ago.

The first quarter of 2008 saw 762 units being sold, which was the lowest ever level for the first three months of the year.

Lentor Mansion

Developers could also be pricing units more reasonably to attract local buyers. In Q1, new non-landed residential homes (excluding ECs), were transacted at a median price of S$1.96m, down from S$2.15m in the preceding quarter.

Rents, on the other hand, fell by 1.9 per cent during Q1, adding to the decline of 2.1% in the previous quarter.

The number of completed private homes in 2017 was the highest since 2016, with 20,803 units.

In the first four months of 2018, only 241 housing units were finished, mostly in the freehold Meyer Mansion with 200 apartments located in district 15. The number of net completed units actually dropped by 188, most likely because projects sold to redevelopment were demolished.

The vacancy ratio fell from 8.1 to 6.8 at the end of the first quarter, down from 8.1 in Q4.

On the basis of expected completion dates for 2024, 10561 private houses, including ECs are scheduled to be completed by the third quarter. The completion of another 6,316 housing units is expected in 2025.

Analysts expect that rents in the future will further decline.

Read also: Ki Residence condo by Hoi Hup

Rents can fall up to five percent this year because of the housing shortage, fewer expats arriving and budget constraints for the tenant pool.

Rents might stabilize by next year because new completions between 2025-2026 will average 6,691 per annum, a much smaller number than the decade long average of 13,275.

Rents still remain 52 per cent higher than their Q3 2020 trough. She expects CCR to further fall with higher vacancy rates and more substantial completions by 2024 .

However, a healthy number of new launches is likely to stimulate demand and market activity.

The number of condos sold in March increased by 0.4%

Condominium sales rebounded 17.4 percent during March, reaching their highest level for seven months. Buyers returned to the market following a seasonal dip in February.

Flash data from SRX & 99.co released yesterday (25 April) revealed that 883 resold units were made in March compared to 752 units sold in February.

The volume of resale was still 22,8 percent less than last year and 12 points below the average for the past five years.

According to analysts, one possible reason for the volume recovery is the resumption during the current month of launches. This will have a positive spillover effect on resale.

Existing condo owners could have sold their current unit and bought a brand new one. This way, they would not be required to pay ABSD on the second property. Some buyers could have chosen a condo resale after comparing prices.

Analysts noticed an increase of foreign purchases in January as the viewings around the Chinese Year of the Pig increased.

Some of those viewings may translate into purchases in April.

The data from URA Realis research shows that the percentage of condos being sold to foreigners (non-permanent residents) is now 1.3 percent of total resale, compared to just 0.5 percent in February.

Analysts think that despite the modest increase in activity noted in March, mismatches in expectations regarding pricing could weigh on transactions.

While many sellers are open for negotiations, it is clear that they are unwilling to lower the price of their home significantly due to the high cost.

In the same month, the proportions of resale non landed private home transactions that went to foreign buyers increased from 0.5 in February to 1.3 percent. In absolute terms there were 11 sales to foreigners in the month. Six of these were to US-based buyers, three to Chinese and one to each Norway and Switzerland.

The price of resale goods meanwhile has remained stagnant, rising only 0.4 percent on the year but 5 percent over the past month.

Rental income is falling, and high interest rates make it difficult for investors to use this income to pay the monthly mortgage installments.

Outside Central Region (OCR), with its 1.6 per cent increase in resale value, recorded the biggest price gains.

It’s not surprising to see the price rise accelerate, since there were many suburban launches in recent times and the median price was above S$2,000 for new homes.

Resale prices across the Rest of Central Region RCR increased by 1.2 per cent. Resale values in the Core Central Region, however, fell by 2.8% compared to the previous month.

Read more: Pinetree Hill

The resale market in all regions was up on the previous year. This area was dominated by the OCR. Prices were 7.1% higher.

The RCR had the highest percentage of sales (31,6%), followed by the OCR with 48.2%. CCR sales accounted 20.2% for the total resale.

Sub-sale transaction accounted only for 8.1 percent of all second sales, a decrease of 4.3 percentage point from February.

SRX &99.co both said that it was the lowest rate in 12 months.

Sub-sale is the term used to describe secondary sales before a construction project has been completed. Secondary sale transactions are made up of both resale, and subsale.

The highest recorded price was S$8.7million in March, for a condominium unit at Corals Keppel in the RCR.

In the CCR, a condo unit at Astrid Meadows changed hands for S$7.1m. In the OCR market, the highest condo deal was a S$3.4M unit at Seaside Residences.

Ki Residences

The median capital gains on resale properties in March were S$380,000. This is up S$20,000 since the month before.

The district 11 showed the highest median return on capital, at S$823,000. While District 1 reported a median capital decline of S$63,000.

The District 26 reported the highest unlevered median return (63.3%), while the District 1 registered a negative unlevered median return (5.8%).

Capital gains or returns on a condo unit resale can be calculated by comparing its current price with its previous sale price. Districts which have less than 10 transactions that match are excluded from ranking.

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