What PrimeKey actually does for you

PrimeKey Analysis is a structured framework used within the Navis Atlas platform to assess the long‑term quality, risk and investment strength of a property. It condenses eight proven drivers of price growth, rental demand and resale liquidity into a single, easy‑to‑read score and colour band.

Instead of guessing, you see clearly how strong a property’s fundamentals are and how it compares with other options across Singapore. The goal is simple: to help you make property decisions with clarity, confidence and foresight—not emotion.

Making decisions without the hype

Good layouts, tasteful interiors and glossy marketing can make almost any project look attractive. But these visible features often say very little about how a property will perform five, ten or fifteen years from now.

PrimeKey shifts your attention from surface details to deeper fundamentals that drive long‑term value. It helps you answer questions like:

• Will this home still be easy to resell when I need to upgrade or cash out?
• Will tenants continue to want this location?
• Am I over‑paying for convenience today but taking on hidden risks tomorrow?

By focusing on data‑backed drivers instead of sales pitches, you understand not just what you are buying—but what you are buying into.

The eight PrimeKey pillars in plain language

PrimeKey scores every property across eight pillars. Together, they paint a clear picture of its future resilience and upside.

1. MRT connectivity: real‑world convenience

Proximity to the MRT is one of the strongest drivers of both rental and resale demand. Homes within a comfortable walk to a station consistently attract a wider pool of tenants and buyers, and tend to hold prices better in weaker markets.

PrimeKey looks at actual walking time (not just “near MRT” in brochures), because for most people convenience is not a trend—it is a permanent preference. The closer and more accessible the MRT, the lower your vacancy risk and the more stable your long‑term demand.

2. Growth hotspots: riding urban transformation

In Singapore, some of the most significant price gains have followed government‑led transformation areas highlighted in the URA Master Plan. These growth hotspots benefit over time from new transport links, commercial hubs, parks and lifestyle amenities.

PrimeKey checks if your property falls within or close to these zones. Buying into a genuine growth corridor means you are positioned to benefit as the neighbourhood improves, instead of paying top dollar in a fully mature area with limited room for further uplift.

3. Government Land Sales: understanding future supply

Future supply shapes future prices. When nearby Government Land Sales (GLS) sites are released progressively, new launches usually come at higher prices due to rising land and construction costs. These launches often set new benchmarks that support the value of earlier projects in the same cluster.

PrimeKey examines the GLS pipeline around your property, so you see beyond today’s supply and understand how the local market is likely to evolve over the next cycle.

4. Project size: scale, livability and exit options

The size of a development quietly affects maintenance costs, facilities quality, transaction volume and resale liquidity.

Larger projects usually enjoy better economies of scale, more complete facilities, and more frequent transactions—which in turn support bank valuations and buyer confidence. Smaller boutique developments may feel exclusive, but often face higher per‑unit costs and thinner resale activity, making exits harder.

PrimeKey factors this in by asking a key question: does this project have enough scale to remain competitive and attractive over time?

5. Remaining tenure: the health of your lease

For leasehold homes, remaining tenure is not just a number—it is a crucial driver of both price and financing. As leases shorten, depreciation accelerates and banks become more conservative with loans, shrinking your future buyer pool.

PrimeKey assesses whether a property still has a healthy runway before it enters the phase where lease decay and financing restrictions significantly raise your resale risk. This helps you avoid situations where prices look stable on the surface, but underlying value is slowly eroding.

6. Nearby primary schools: built‑in family demand

Being within 1 km of primary schools, especially popular ones, creates consistent demand from families who want to boost their children’s chances of securing a place. This “parent‑driven” demand tends to persist regardless of market cycles.

PrimeKey doesn’t treat school proximity as a lifestyle perk—it treats it as a structural demand driver that supports price resilience and liquidity. The more schools within that 1 km band, the more robust and repeatable the demand.

7. HDB upgrader demand: your future buyer pool

A successful purchase always considers your eventual exit. In many estates, a large portion of future private‑property buyers are HDB owners whose flats have reached Minimum Occupation Period (MOP).

PrimeKey identifies neighbourhoods with substantial numbers of MOP‑ready flats, signalling a strong pool of young, financially capable upgraders who prefer to remain within the same area. This upgrader demand provides important price support and improves your odds of selling at a fair value when you are ready to move on.

8. Rental demand and yield: defensive strength

Even if you buy mainly for own stay, rental performance matters. Strong rental demand improves cash flow if you choose to rent out, gives you holding power in tougher times, and draws investor interest at resale.

PrimeKey benchmarks rental yields against realistic ranges for the Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR), so expectations stay grounded in actual market behaviour—not wishful thinking.

Reading the PrimeKey score and colours

After assessing all eight pillars, PrimeKey consolidates them into an overall score and a colour band that summarises the property’s risk‑reward profile:

• Green – Strong fundamentals, lower risk, and an investment‑grade profile.
• Yellow – Balanced, generally sound, with some trade‑offs that you should understand and accept.
• Orange – Elevated risks or weaknesses in several pillars; suitable only with clear strategy and careful consideration.
• Red – Structural issues that can seriously impact long‑term performance; proceed only if there is a compelling personal reason or significant price discount.

Two projects may look equally attractive today, but their PrimeKey colours can reveal very different long‑term stories when you compare what is driving their scores.

How to use PrimeKey as a buyer

PrimeKey does not dictate what you must buy; it clarifies what you are walking into. A simple way to use it in your property journey:

1. Start with your shortlist
   Choose projects that already fit your budget, layout preferences and lifestyle needs.
2. Check their PrimeKey scores
   See which homes are Green or strong Yellow, and note which pillars are driving those strengths or weaknesses.
3. Ask the right questions
   • If a project scores lower on tenure, are you prepared for earlier resale constraints?
   • If MRT connectivity is weaker, does the price fairly compensate for that trade‑off?
   • If rental demand is only moderate, can you comfortably service the loan without relying on high rent?
4. Decide with intent, not emotion
   Use strong scores as reassurance, and weaker scores as a prompt to negotiate harder, adjust expectations or walk away.

What PrimeKey ultimately gives you

PrimeKey Analysis gives you a calm, structured way to buy property in a market that is often noisy and emotional. It turns scattered data points into a clear narrative of risk and potential, so you can:

• Compare very different projects on an apples‑to‑apples basis.
• Uncover hidden risks before signing on the dotted line.
• Buy with confidence that your decision is both lifestyle‑friendly and financially prudent.

In property, nobody can predict the future perfectly. But you can greatly reduce avoidable mistakes. PrimeKey exists to help you do exactly that—so your next home is not just a place you love, but a decision you can stand by for years to come.

If you are planning a move or investment and want to see how your shortlisted properties score on PrimeKey, reach out to us. We will walk you through a full PrimeKey Analysis and help you compare projects side by side before you commit. Contact us today to schedule a personalised PrimeKey consultation and make your next property decision with clarity, confidence and peace of mind.

Need an opinion on your property investment plans, the best buys available today or help marketing your properties?

Get a 1-time free Property Wealth Planning (PWP) consultation with Lushhome Property Wealth Planners.

A PWP consultation includes:

– An in-depth financial affordability assessment and timeline planning

– Has your property stagnated or dropped in price? What options do you have?

– Highly relevant investment insights on the current and long term property market

– A clear and customised investment road map to fulfil your dreams and life goals

– A curated list of best buys in today’s market with good growth potential, minimal risks and long term exit strategies

– Selecting units with the highest potential in a new launch project

– Advice on marketing and getting a buyer for your property fast

Follow us on Instagram or Facebook, or Whatsapp us now for any enquiries.

—

While this article has endeavoured to ensure that the information and materials contained herein are accurate and up to date as at [9/2/2026], Lushhomemedia.com is not responsible for any errors or omissions, or for the results obtained from their use or the reliance placed on them. All information is provided “as is”, with no guarantee of completeness, and accuracy.

The post How to Evaluate Beyond Price: A Smarter Way to Buy a Property in Singapore appeared first on LushHomeMedia.

For homeowners, investors, and landlords, 2026 will be less about chasing rapid capital appreciation — and more about strategic positioning, timing, and asset selection.

Macro Snapshot: What’s Shaping the Market in 2026

Singapore opens 2026 with solid fundamentals and enduring appeal as a global investment destination. Key structural strengths continue to underpin its property market:

• Stable political and regulatory environment that ensures predictability for investors.
• Status as a regional wealth and business hub attracting global talent and capital inflows.
• Limited land supply maintained under a disciplined urban planning framework.

However, several macro factors will guide how the market evolves this year:

1. Interest rates: Expected to stay higher than pre-pandemic norms but largely stable.
2. Government policy: Cooling measures remain in place, with targeted fine-tuning instead of sweeping changes.
3. Population growth and talent inflow: Continued demand from incoming expatriates and new households.
4. Supply pipeline: Gradual increase in completions, but not enough to trigger an oversupply.

Residential Property Outlook 2026

Private Condominiums

Price growth is expected to moderate to around +2% to +4% in 2026. Demand will be concentrated in Outside Central Region (OCR) and Rest of Central Region (RCR) developments that offer strong transport connectivity and liveability.

Buyers this year will display greater selectivity, favouring projects that balance functionality, accessibility, and developer reputation. New launches are expected to adopt more realistic pricing strategies to align with a more cost-conscious market.

The ultra-luxury segment will continue to see niche activity but with modest volumes, supported mainly by wealth preservation motives rather than speculative buying.

HDB Resale Market

The HDB resale market should remain broadly stable to slightly positive, with price growth forecast at 0% to +2%. Demand continues to be supported by household income gains, CPF housing grants, and family formation trends.

That said, growing affordability challenges and the steady release of new BTO projects could exert downward pressure on less centrally located resale units. Well-located 4- and 5-room flats near MRT stations and town centres are likely to sustain stronger performance.

Landed Properties

With limited supply and consistent demand from ultra-high-net-worth families, the landed homes segment remains resilient. Transaction volumes are expected to stay low, but prices stable. For many, landed property continues to serve as a store of wealth rather than a high-turnover investment asset.

Commercial Property Outlook 2026

Office Sector

The Grade A CBD office market is projected to see stable rents and low vacancy rates, underpinned by contented long-term tenancy and disciplined supply.

Decentralised offices in fringe locations are gaining traction as occupiers pursue cost efficiencies and improved workforce accessibility. The overarching trend remains a flight-to-quality, with demand consolidating around assets that offer flexible layouts, ESG credentials, and strong connectivity.

Retail & Shophouses

Retail recovery continues gradually, driven by tourism rebound, F&B expansion, and consumer preference for experiential retailing.

• Prime retail spaces in central areas are set for incremental rent growth.
• Suburban retail assets will see steady performance, supported by resilient local spending.
• Shophouses retain their appeal among investors seeking scarcity value and long-term capital appreciation potential.

Lifestyle-led and community-centric retail formats are expected to outperform traditional mall environments.

Industrial & Logistics

The industrial and logistics segment remains one of the market’s most resilient in 2026. Demand continues to be driven by e-commerce, advanced manufacturing, and specialised logistics such as cold storage.

Rents are likely to rise moderately amid continued investor interest in high-specification B2 assets near major transport hubs.

Investment Outlook: Who Should Move, and Who Should Wait

With more selective upside and diverging segment performance, 2026 favours disciplined, fundamentals-focused investors.

Well-positioned to act:
Long-term owner-occupiers looking for lasting value.
Investors with strong holding power.
Buyers targeting undervalued or emerging sub-markets.

Advised to exercise caution:
Highly leveraged investors.
Short-term flippers.
Buyers overlooking total ownership and maintenance costs.

In short, capital growth in 2026 will be selective, not broad-based — and the emphasis should be on asset quality, not just market timing.

Singapore Property Price Forecast 2026

Key Risks to Monitor

While fundamentals remain solid, several risks could impact market sentiment:

• Global economic slowdown dampening investor confidence.
• Unexpected policy tightening or higher transaction taxes.
• Higher-than-expected completion volumes in selected segments.
• Sustained high interest rates weighing on affordability and leverage.

Nonetheless, Singapore’s property market continues to stand out as one of Asia’s most robust and defensively positioned real estate markets, anchored by transparency, governance, and long-term scarcity.

Final Take: Precision Over Exuberance

The overarching theme for 2026 is clear — precision over exuberance.
Prices are expected to stabilise with selective upside. Demand remains structurally supported, and high-quality assets in strong locations will continue to outperform.

For buyers and investors who focus on fundamentals — location, quality, and long-term value — 2026 presents measured yet meaningful opportunities in Singapore’s ever-evolving real estate landscape.

Need an opinion on your property investment plans, the best buys available today or help marketing your properties?

Get a 1-time free Property Wealth Planning (PWP) consultation with Lushhome Property Wealth Planners.

A PWP consultation includes:

– An in-depth financial affordability assessment and timeline planning

– Has your property stagnated or dropped in price? What options do you have?

– Highly relevant investment insights on the current and long term property market

– A clear and customised investment road map to fulfil your dreams and life goals

– A curated list of best buys in today’s market with good growth potential, minimal risks and long term exit strategies

– Selecting units with the highest potential in a new launch project

– Advice on marketing and getting a buyer for your property fast

Follow us on Instagram or Facebook, or Whatsapp us now for any enquiries.

—

While this article has endeavoured to ensure that the information and materials contained herein are accurate and up to date as at [7/1/2026], Lushhomemedia.com is not responsible for any errors or omissions, or for the results obtained from their use or the reliance placed on them. All information is provided “as is”, with no guarantee of completeness, and accuracy.

The post Singapore Property Outlook 2026: Prices, Trends & Market Forecast appeared first on LushHomeMedia.

Despite broader market headwinds and cautious investor sentiment, these launches reflect continued confidence in CCR real estate, particularly among Singaporean buyers. In this article, we take a closer look at each launch, uncover key trends, and share insights to help you make more informed property decisions.

The Robertson Opus: Prime River Valley Living

Frasers Property and Japan’s Sekisui House launched The Robertson Opus, a 348-unit project located in the prestigious Robertson Quay area. Within its launch weekend, 41% of units were sold, with an impressive average price of $3,360 psf.

Larger formats such as three- and four-bedroom units were snapped up quickly, driven by affluent owner-occupiers seeking centrality, exclusivity, and long-term liveability. The development’s branding, location, and legacy collection were key selling points for this buyer segment.

UpperHouse @ Orchard Boulevard: Luxury Near the Heart of the City

UOL and SingLand launched UpperHouse, located near Orchard Boulevard MRT station. The project sold 53% of its available units on launch day, achieving an average price of $3,350 psf.

This performance is notable given the premium positioning and price point, and it further affirms Orchard’s enduring allure among both locals and returning global buyers. The mix of one- to four-bedroom units offered a range of options to affluent individuals and small families.

River Green by Wing Tai: A Standout Performer

Without a doubt, River Green was the standout performer among the four launches. Wing Tai sold a remarkable 88% of its 524 units during its launch weekend, with prices averaging $3,130 psf.

Approximately 98% of the buyers were Singaporeans or PRs, showing that local demand remains resilient. Most units sold were two-, three-, and four-bedroom layouts, suggesting strong appeal to upgraders, families, and long-term residents rather than just investors.

Promenade Peak by Allgreen: Premium Units See Strong Demand

Allgreen Properties’ Promenade Peak saw 54% of units sold on launch day. The premium “Promenade Suites” achieved an average of $3,343 psf, with standout transactions including a 4-bedroom unit at $3,521 psf and a 5-bedroom unit at $6.6 million.

This shows that well-designed, premium CCR properties with strong brand equity and strategic location continue to appeal to discerning buyers—even in a competitive environment.

Q&A: What Buyers and Investors Are Asking

Q: Which project had the strongest sales performance?
A: River Green by Wing Tai stood out, selling 88% of its total units in just one weekend. This points to the strong appetite among locals for well-located, reasonably priced projects in the CCR.

Q: Which development had the highest average psf?
A: The Robertson Opus achieved the highest average price of $3,360 psf, followed closely by UpperHouse and Promenade Peak. These figures reflect the premium value attached to centrality and brand positioning.

Q: Is local demand still strong in the CCR?
A: Absolutely. Across all four launches, over 90% of buyers were either Singapore citizens or PRs. This trend indicates that the CCR remains a preferred address for upgraders and owner-occupiers.

Q: Are larger units still selling well?
A: Yes. 3- and 4-bedroom units in Robertson Opus and River Green were among the most popular. These units cater to families, multi-generational households, and long-term residents seeking more space and lifestyle quality.

Market Takeaways & Trends

• Smart pricing wins: River Green’s slightly lower psf rate drove faster absorption, proving that attractive pricing—even in the CCR—can outweigh hesitation in today’s cautious market.
• Brand matters: Projects by trusted developers like Wing Tai, UOL, and Allgreen continue to outperform because of confidence in delivery and design.
• Owner-occupier focus: The shift in demand from speculative investors to long-term home buyers is evident, especially in how well larger units have sold.

Need Help Navigating the CCR Market?

If you’re considering entering the CCR market—whether as a buyer, investor, landlord, or tenant—it’s critical to make the right move at the right time.

We specialise in helping clients evaluate opportunities, understand price trends, and secure the best deals across private residential, commercial, retail/F&B, and office segments.

Contact us today for a no-obligation consultation.

Get a 1-time free Property Wealth Planning (PWP) consultation with Lushhome Property Wealth Planners.

A PWP consultation includes:

– An in-depth financial affordability assessment and timeline planning

– Has your property stagnated or dropped in price? What options do you have?

– Highly relevant investment insights on the current and long term property market

– A clear and customised investment road map to fulfil your dreams and life goals

– A curated list of best buys in today’s market with good growth potential, minimal risks and long term exit strategies

– Selecting units with the highest potential in a new launch project

– Advice on marketing and getting a buyer for your property fast

Follow us on Instagram or Facebook, or Whatsapp us now for any enquiries.

—

While this article has endeavoured to ensure that the information and materials contained herein are accurate and up to date as at [4/8/2025], Lushhomemedia.com is not responsible for any errors or omissions, or for the results obtained from their use or the reliance placed on them. All information is provided “as is”, with no guarantee of completeness, and accuracy.

The post Core Central Region (CCR) Launches in Q3 2025: What You Need to Know appeared first on LushHomeMedia.

The private property market in 2024 experienced significant fluctuations, akin to a roller coaster ride. Developers launched a total of 22 private residential projects and 2 executive condominium (EC) projects throughout the year. This marked a slight decrease from 2023, which saw 26 private residential projects and 1 EC project.

In terms of units, approximately 6,800 private residential units were launched for sale in 2024, compared to 7,551 units in 2023. Of these, an estimated 42.5% were located in the Rest of Central Region (RCR) and 47.5% in the Outside Central Region (OCR).

Developers sold an estimated 6,400 to 6,500 units in 2024, similar to 2023’s figures. However, most of these transactions occurred in the second half of the year, following the Lunar Seventh Month.

A Slow Start to 2024

The first half of 2024 saw the lowest number of units launched for sale in any first half since 1996, largely due to the prevalence of boutique projects. Only 1,889 units were sold during this period, marking one of the lowest first-half sales figures since 1996. Most project launches during this time, with the exception of Lentor Mansion—which achieved a 75% take-up rate on its launch weekend—witnessed slower sales compared to 2023. Market sentiment was subdued, likely influenced by uncertainties in the job market and persistently high interest rates. Many buyers appeared to be holding back, anticipating the launches of highly-anticipated projects such as Chuan Park and Emerald of Katong.

A Surge in Demand Post-Lunar Seventh Month

The market gained momentum in July 2024, with Kassia selling more than 50% of its units, signaling the start of a robust recovery. The first launch after the Lunar Seventh Month, 8@BT, also achieved over 50% sales on its launch weekend. A cut in interest rates by the US Federal Reserve in September 2024 further boosted buying interest, culminating in a 60% quarter-on-quarter increase in developer sales during the third quarter.

The heightened demand persisted into the fourth quarter, with overwhelming interest and cheque submissions for projects such as Chuan Park, Emerald of Katong, Meyer Blue, Nava Grove, and Norwood Grand. We estimated nearly 9,000 cheque submissions for private residential launches post-Lunar Seventh Month. The second EC launch of the year, Novo Place, also attracted significant interest, with over 800 e-applications.

In October 2024, Meyer Blue sold more than 50% of its units, while Norwood Grand achieved an impressive 80% take-up rate on its launch weekend. November 2024 saw record-breaking sales, with Emerald of Katong selling nearly 99% of its 846 units on launch weekend, making it the best-selling project of the year. Chuan Park followed closely, selling 70% of its 916 units, while Nava Grove moved more than 60% of its 552 units.

Overall, developers sold an estimated 3,400 to 3,500 units in the fourth quarter alone, with 2,400 to 2,500 units transacted in November. The sales volume in the fourth quarter surpassed that of the first three quarters combined, underscoring the resilience of the property market and its appeal as a tool for wealth creation and preservation.

Best-Selling Projects and Market Drivers

Projects in the RCR and OCR dominated the best-selling launches in 2024, driven by strong upgrading demand from a vibrant HDB resale market. Emerald of Katong emerged as the year’s top-selling project, followed by Chuan Park and Lentor Mansion. Improved economic growth and interest rate cuts enhanced borrowing affordability, attracting more buyers to the new home market. Additionally, the relatively low returns from alternative investments prompted more individuals to turn to property as a preferred investment.

The robust sales performance and price points achieved during these launches may lead to a moderate price increase of up to 5% for 2024, compared to the 6.8% growth recorded in 2023.

Resale Market Trends

The limited supply of new launch units and the search for affordable private residential properties drove buyers to the resale market during the first half of 2024. However, resale activity flattened in the third quarter due to the resumption of new launches and expectations of an interest rate cut in September.

The fourth quarter saw a decline in resale transactions as more than 3,000 buyers opted for new launches such as Chuan Park, Emerald of Katong, Nava Grove, The Collective at One Sophia, and Union Square Residences. For 2024, the resale condo market is projected to record around 13,500 transactions, representing a 20% increase from 2023.

By year-end, the number of unsold units in the market was estimated to be between 19,000 and 20,000—significantly lower than the peak of nearly 38,000 units in the first quarter of 2019.

Outlook for 2025

Looking ahead, 2025 is expected to feature 22 launches, with an estimated 11,790 units, including two EC projects: Aurelle of Tampines and another EC at Plantation Close.

In the Core Central Region (CCR), up to 2,533 units may be launched, with notable projects such as Aurea, Holland Drive, Marina View Residences, Orchard Boulevard, River Valley Green (Parcel A), and Robertson Walk.

The RCR is projected to see major launches like Arina East Residences, Bloomsbury Residences, De Souza Avenue, Margaret Drive, Marina Gardens Lane, and The Orie, contributing approximately 2,994 unit – comparable to the estimated 2,900 units launched in 2024.

Meanwhile, the OCR is expected to see a 10% increase in units, with potential launches including Bagnall Haus, Canberra Crescent, ELTA, Lentor Central Residences, Parktown Residence, and Upper Thomson Road (Parcel B), totaling 3,598 units.

We remains cautiously optimistic about the new sales market in 2025. Unmet demand from 2024 may spill over into early 2025, setting the stage for a promising year ahead.

Need an opinion on your property investment plans, the best buys available today or help marketing your properties?

Get a 1-time free Property Wealth Planning (PWP) consultation with Lushhome Property Wealth Planners.

A PWP consultation includes:

– An in-depth financial affordability assessment and timeline planning

– Has your property stagnated or dropped in price? What options do you have?

– Highly relevant investment insights on the current and long term property market

– A clear and customised investment road map to fulfil your dreams and life goals

– A curated list of best buys in today’s market with good growth potential, minimal risks and long term exit strategies

– Selecting units with the highest potential in a new launch project

– Advice on marketing and getting a buyer for your property fast

Follow us on Instagram or Facebook, or Whatsapp us now for any enquiries.

—

While this article has endeavoured to ensure that the information and materials contained herein are accurate and up to date as at [30/12/2024], Lushhomemedia.com is not responsible for any errors or omissions, or for the results obtained from their use or the reliance placed on them. All information is provided “as is”, with no guarantee of completeness, and accuracy.

The post Singapore’s Real Estate Market: Insights from 2024 and Outlook for 2025 appeared first on LushHomeMedia.

Singapore’s conservation shophouses are celebrated for their architectural charm and rich heritage. These properties, a blend of cultural significance and historical value, represent a unique segment of the real estate market. With their scarcity in supply, shophouses have become a coveted investment asset, particularly for those seeking exclusive properties with a story to tell.

Lower Investment Quantum and Resilient Market Fundamentals

One of the key advantages of conservation shophouses is their comparatively lower investment quantum. Unlike larger commercial properties, shophouses offer investors an entry point into prime real estate at a manageable scale. This accessibility, combined with their mixed-use potential—spanning residential, retail, and office purposes—has cemented their reputation as a sound investment option.

Shophouses also offer versatile usage options such as retail, office, and even residential. In recent years, investors have converted shophouses to F&B and co-living spaces or hotels. This flexibility offers owners opportunities to adapt the property to their or tenants needs and optimize its value.

Moreover, the fundamentals of this market remain strong. The enduring appeal of shophouses is supported by stable rental demand and their strategic locations within Singapore’s cityscape. These factors collectively ensure a steady income stream and potential for long-term appreciation.

Read also: Investing in a Piece of Singapore’s History: Shophouses Explained

Shophouse Sale Trends

The shophouse market was active in 2024. Much of the improved sentiments in the shophouse market is due to the sale of the shophouses that were seized in the money laundering probe. These shophouses were understood to have attracted strong interest and were sold. Foreign investors also switched their focus to shophouses after the Government raised the ABSD on residential properties to 60%.

We estimate there were 74 shophouse transactions in 2024, down from 133 in 2023. Similarly, the total value of transactions declined by the same proportion to $608 million in 2024, from $1,194 million in 2023. The average deal size was $8.2 million in 2024, slightly lower than the average $9 million in 2023.

Shophouse Rental Trends

Shophouse rents held steady from 2014 to 2019. While median rents fell in 2020 due to COVID-19, rents started recovering in 2021 as demand for office spaces returned and retailers increasingly sought shophouse locations. The ever-evolving retail landscape post-pandemic saw more retailers and F&B brands looking to offer consumers a different experience from malls.

We estimate there were 3,600 leasing transactions for shophouses in 2024, similar to the level in 2023. Median rents are around $6.50 psf per month, slightly higher than 2023. While CBD and non-CBD shophouses are both witnessing record median rents, CBD assets command a premium of 20-38% over the non-CBD ones due to their prime location.

Market Outlook: Transaction Volumes Poised for Recovery

Recent market trends indicate a potential recovery in transaction volumes for conservation shophouses. While fluctuations in activity have occurred, investor confidence remains robust. The combination of consistent rental yields and renewed interest from both local and foreign buyers suggests a bright outlook for this unique asset class.

Challenges of Conservation and Maintenance

Investing in conservation shophouses, however, comes with its own set of challenges. Due to their protected status, these properties require careful restoration and maintenance to preserve their historical integrity. Renovation costs can be substantial, and compliance with stringent regulations is essential. Prospective investors must factor these considerations into their decision-making process to avoid unforeseen expenses.

Strategic Recommendations for Investors

For those looking to invest in conservation shophouses, a strategic approach is essential:

• Understand Regulatory Requirements: Familiarize yourself with the guidelines governing conservation properties to ensure compliance and avoid penalties.
• Assess Property Condition: Conduct thorough inspections to evaluate the state of the property and estimate potential renovation costs.
• Leverage Professional Expertise: Partner with experienced realtors and consultants who specialize in shophouse transactions to navigate the complexities of this niche market.

Conclusion

The Singapore conservation shophouse market offers a unique and rewarding opportunity for discerning investors. While challenges such as maintenance costs and regulatory compliance exist, the potential for stable returns and value appreciation make these properties a compelling choice. With a strategic approach and the right professional support, investors can unlock the full potential of these timeless architectural treasures.

Need an opinion on your property investment plans, the best buys available today or help marketing your properties?

Get a 1-time free Property Wealth Planning (PWP) consultation with Lushhome Property Wealth Planners.

A PWP consultation includes:

– An in-depth financial affordability assessment and timeline planning

– Has your property stagnated or dropped in price? What options do you have?

– Highly relevant investment insights on the current and long term property market

– A clear and customised investment road map to fulfil your dreams and life goals

– A curated list of best buys in today’s market with good growth potential, minimal risks and long term exit strategies

– Selecting units with the highest potential in a new launch project

– Advice on marketing and getting a buyer for your property fast

Follow us on Instagram or Facebook, or Whatsapp us now for any enquiries.

—

While this article has endeavoured to ensure that the information and materials contained herein are accurate and up to date as at [28/12/2024], Lushhomemedia.com is not responsible for any errors or omissions, or for the results obtained from their use or the reliance placed on them. All information is provided “as is”, with no guarantee of completeness, and accuracy.

The post Singapore Conservation Shophouse Market in 2024 appeared first on LushHomeMedia.

The conserved building will be renamed The Golden Mile. The refurbished edifice is set to become a premier commercial nexus which encompass 156 Grade A office suites, 19 medical units, a sprawling two-story retail zone of 123,388 square feet, and a public-access architecture centre. The medical suites and office units will be released for sale this month, indicative pricing details remain undisclosed.

A highlight of the redevelopment is Aurea, a sleek 45-story residential tower to be constructed where the former residential carpark once stood. Housing 188 units, this condominium is slated for a market preview next quarter.

Breathing New Life into a Landmark

Pua Seck Guan, CEO of Perennial Holdings, reflected on the complex’s vibrant past as a bustling mixed-use hub in the 1970s. “The evolution of strata-titled ownership diluted the original vision over time,” Pua observed. However, he affirmed the commitment of Perennial and Far East to restore the building’s status as a cutting-edge urban landmark.

To bring this vision to fruition, they have partnered with DP Architects and Studio Lapis, specialists in architecture conservation. Interestingly, DP Architects, then known as Design Partnership, was responsible for the original design concept of the Golden Mile Complex.

The rejuvenation will see a strategic redistribution of space. Retail areas, previously occupying 40% of the strata, will now take up 15%. Office spaces will expand to 48%, residential units will occupy 30%, and medical suites and the architecture hub will account for 4% and 3%, respectively. Additionally, the developers have given back 24,994 square feet to the Urban Redevelopment Authority (URA) for the creation of the architecture center under the government’s Community/Sport Facilities Scheme.

Incorporating Nature and Innovation

The revamped Golden Mile Singapore will feature two new public gardens on the 9th and 18th floors, including a sky garden on the rooftop. These spaces, once underutilized, will serve as urban oases. Moreover, the two-story retail atrium will undergo significant transformation, embracing natural light and ventilation to recreate the dynamic shopping experience reminiscent of its 1970s heyday. Notably, the retail spaces will be retained by the developers to ensure a cohesive tenant mix that complements the office and residential components.

A Spectrum of Office Offerings

The office segment, a cornerstone of The Golden Mile’s revival, boasts six distinct layouts catering to varied user needs. The Flagship office units on the 4th to 7th floors feature dedicated lift lobbies with direct carpark access, modernized amenities, and sizes ranging from 1,378 to 4,682 square feet.

For those seeking panoramic views, Loft Suites and Loft Executive Units on the 4th and 5th floors feature full-height windows overlooking Beach Road. Loft Suites range from 958 sq ft to 2,034 sq ft, while the Loft Executive units range from 710 sq ft to 926 sq ft.

Meanwhile, the Loft Mezzanine Units spanning 1,528 sq ft to 2,799 sq ft., occupying the 6th to 15th floors, offer double-volume ceilings and dual-key configurations—a first for strata-titled commercial developments.

At the pinnacle, the Crown Office Units occupy the top four levels, with exclusive layouts ranging from 3,315 to 5,393 square feet. Pua anticipates these will attract family offices, a burgeoning segment in Singapore’s financial landscape.

Crafting a Diverse Ecosystem

The developers aim to curate a harmonious tenant ecosystem by rigorously vetting prospective buyers. “Our ambition is to cultivate a vibrant tenant mix that spans corporate tenants and family offices, fostering cross-industry collaboration and growth,” Pua explained.

In its refreshed form, The Golden Mile is poised to redefine the standards of urban development, blending heritage with modernity to create a multifaceted hub that pays homage to its storied legacy while embracing future aspirations.

The Golden Mile is on a 99-years leasehold tenure and its tenants are slated to start moving in from the third quarter of 2029.

Need an opinion on your property investment plans, the best buys available today or help marketing your properties?

Get a 1-time free Property Wealth Planning (PWP) consultation with Lushhome Property Wealth Planners.

A PWP consultation includes:

– An in-depth financial affordability assessment and timeline planning

– Has your property stagnated or dropped in price? What options do you have?

– Highly relevant investment insights on the current and long term property market

– A clear and customised investment road map to fulfil your dreams and life goals

– A curated list of best buys in today’s market with good growth potential, minimal risks and long term exit strategies

– Selecting units with the highest potential in a new launch project

– Advice on marketing and getting a buyer for your property fast

Follow us on Instagram or Facebook, or Whatsapp us now for any enquiries.

The post A Landmark Transformation: The Golden Mile and Aurea at Beach Road Unveiled appeared first on LushHomeMedia.

In this article, we’ll explore what’s driving this wave of demand, review each of the new launches, and discuss what’s still available for discerning buyers.

Why is Demand So Hot This Time?

The strong demand for new condos in November 2024 can be attributed to several key macroeconomic and market-specific factors.

Improving Consumer Sentiment and Pent-Up Demand

Economic stability has returned, buoyed by the US Federal Reserve’s rate cut cycle, which has made mortgages more affordable for homebuyers. This increased affordability has renewed confidence among both first-time buyers and investors.

Slower Price Growth

Private housing prices rose by just 1.6% in the first three quarters of 2024, a stark contrast to the 3.9% surge seen during the same period in 2023. The moderation, coupled with a 0.7% dip in Q3 2024, signals an easing market, encouraging buyers who had been hesitant during the price hikes of 2023.

Low Inflation, Relatively Stable Housing Prices

With Singapore’s inflation averaging around 2.5% for 2024, housing prices have risen at a slower pace than other goods and services, thus adding to the appeal to property investors.

What are the new launches

The six new launches are Chuan Park, Emerald of Katong, Nava Grove, Union Square Residences, Novo Place, and The Collective at One Sophia.

Chuan Park

Situated next to Lorong Chuan MRT and near mature estates like Bishan, Serangoon, and Toa Payoh, Chuan Park appeals to both families and expatriates, offering convenience and educational options. However, a previous no-sale license issued to developers due to construction quality concerns and the price increases during the launch might deter some buyers.

Sales performance as of 26 November 2024: 197/ 916 units left (79% sold)

Emerald of Katong

Located in Jalan Tembusu, Emerald of Katong is walking distance to Marine Parade MRT and near other recent launches such as The Continuum, Tembusu Grand and Grand Dunman.

Situated in Katong, this prime location makes it attractive to buyers who are looking to live near reputable local schools such as Tanjong Katong Girls School, Chung Cheng High and Haig Girls, and who are also attracted to the vibrant lifestyle offered by the nearby East Coast Road. Emerald of Katong was nearly fully sold on launch date.

Sales performance as of 26 November 2024: 5/ 846 units left (99% sold)

Nava Grove

Nava Grove is situated on Ulu Pandan Road which connects to Holland Road and is beside Pinetree Hill, which was just launched recently.

Nava Grove is within 1KM of Pei Tong Primary School while other schools within the 2km radius include Henry Park Primary School, Nan Hua Primary School and Methodist Girls School (Primary).

Sales performance as of 26 November 2024: 169/ 552 units left (70% sold)

Union Square Residences and The Collective at One Sophia

Union Square Residences is located on the site of the former Central Square at Havelock Road in the City and is near multiple train stations. There is also no lack of amenities being centrally located and close to Chinatown and Clarke Quay.

The Collective at One Sophia is situated on the site of the former Peace Centre on Selegie Road. The Collective is close to train stations on both the Downtown Line and the Circle Line and has no lack of amenities being centrally located and near Little India as well as Orchard Road.

Both of these projects are located in the Core Central Region (CCR) and there are not many local school options available nearby. As such, these projects may target more towards singles, couples and investors.

Sales performance as of 26 November 2024: Union Square Residences – 266/ 366 units left (27% sold), The Collective – 307/ 367 units left (16% sold)

Novo Place Executive Condominium (EC)

Novo Place has a Tengah address but is actually situated at the junction of Jurong East and Bukit Batok.  It is uncommon for ECs to be within walking distance of an MRT, but Novo Place is close to the upcoming Jurong Regional Line.

Executive Condominiums (ECs) are typically highly sought after due to their attractive price point.

Sales performance as of 26 November 2024: 213/ 504 units left (58% sold)

What are my options going ahead

November 2024 has been a landmark month for Singapore’s property market, with strong performances across new launches. While Emerald of Katong may no longer be an option with its limited supply left, the remaining developments provide exciting opportunities for buyers. With favorable market conditions and attractive projects on offer, now is an excellent time to invest.

Market indicators suggest robust demand will persist. Improved economic sentiments and falling interest rates are key drivers. Additionally, buyers’ preference for new launches over older developments ensures a steady pipeline of interest.

In Singapore’s fast-paced real estate market, targeting affordable quantum pricing is a key strategy for buyers. Units within the “sweet spot” offer an attractive balance between value and affordability, making them highly appealing to both first-time buyers and investors. Developments like Novo Place and Nava Grove stand out for their accessible price points, which provide excellent entry opportunities without overwhelming financial commitments.

Another significant consideration is the impending reduction in mortgage interest rates. With rates expected to decrease, buyers can secure competitive financing options, improving long-term affordability. This makes now an opportune moment to invest, particularly in executive condominiums (ECs) like Novo Place, which are already designed with affordability in mind. Locking in favorable rates now could save buyers significant amounts over time.

When selecting a property, location remains a critical factor. Homes situated near transportation hubs, established schools, and vibrant amenities tend to appreciate faster and maintain steady rental demand. For example, Emerald of Katong enjoys a prime position near Marine Parade MRT and reputable schools, making it a hotspot for families and expatriates. Similarly, Chuan Park benefits from its proximity to Lorong Chuan MRT and an array of educational institutions, ensuring it appeals to both homeowners and investors.

Time is of the essence in today’s market. With one project—Emerald of Katong—already sold out and others like Chuan Park nearing full capacity, buyers must act quickly to secure their preferred units. Delays could mean fewer choices and higher prices as demand spills over into remaining projects. Acting decisively can make all the difference between securing a desirable unit and missing out entirely.

Future-proofing is another smart strategy. Buyers should consider projects in developing areas that are aligned with upcoming infrastructure plans. For instance, Novo Place is strategically located in Tengah, near the Jurong Regional Line, and stands to benefit as the area’s amenities and transport options expand. Investing early in such developments often leads to significant appreciation over time as the surrounding area matures.

It is equally important for buyers to evaluate properties based on their personal needs. Families might prioritize developments like Chuan Park and Nava Grove for their larger layouts and proximity to reputable schools. Investors, on the other hand, may focus on properties with strong rental potential, such as those in central locations like Union Square Residences. First-time buyers should consider ECs or competitively priced units for the best balance of affordability and future growth potential.

Finally, buyers who miss out on this wave of launches should keep an eye on 2025. Several exciting projects are on the horizon such as Parktown Residence at Tampines, The Orie at Toa Payoh, promising enhanced designs and sought-after locations. With careful planning and timely action, buyers can still find opportunities to invest in Singapore’s dynamic real estate market.

By adopting these strategies, buyers can navigate the competitive landscape effectively, balancing affordability, location, and future investment potential to make informed decisions.

Need an opinion on your property investment plans, the best buys available today or help marketing your properties?

Get a 1-time free Property Wealth Planning (PWP) consultation with Lushhome Property Wealth Planners.

A PWP consultation includes:

– An in-depth financial affordability assessment and timeline planning

– Has your property stagnated or dropped in price? What options do you have?

– Highly relevant investment insights on the current and long term property market

– A clear and customised investment road map to fulfil your dreams and life goals

– A curated list of best buys in today’s market with good growth potential, minimal risks and long term exit strategies

– Selecting units with the highest potential in a new launch project

– Advice on marketing and getting a buyer for your property fast

Follow us on Instagram or Facebook, or Whatsapp us now for any enquiries.

—

While this article has endeavoured to ensure that the information and materials contained herein are accurate and up to date as at [26/11/2024], Lushhomemedia.com is not responsible for any errors or omissions, or for the results obtained from their use or the reliance placed on them. All information is provided “as is”, with no guarantee of completeness, and accuracy.

The post November 2024 brings 6 new launches with one almost sold out, here’s what to consider next appeared first on LushHomeMedia.

In a strategic move to regulate speculative capital inflow into the real estate sector, the Singapore government unveiled a bold initiative on April 27, 2023. This initiative took the form of a substantial 60% Additional Buyer’s Stamp Duty (ABSD) tax on residential properties purchased by foreigners, establishing one of the highest non-resident tax rates globally.

This shockwave extended beyond foreign investors, affecting Singaporeans and permanent residents. ABSD rates for locals purchasing a second or subsequent residential property were increased by 3% to 5%, resulting in rates ranging between 20% and 35%. Foreign property purchases, which soared to 8.1% in January 2023, plummeted to approximately 1.3% by November 2023, demonstrating the profound impact of the tax hike.

Market Turbulence in the Core Central Region (CCR)

Compounding these changes, the property market faced challenges in August 2023 with the arrest of 10 foreigners suspected of laundering over $2.8 billion, a significant portion of which was used for property acquisitions. With both ABSD and laundering cases, the Core Central Region (CCR) experienced a drastic decline in foreign purchases, dropping from a high of 59 in March 2023 to just 10 in November 2023.

Resilience Amidst Challenges

Despite the disruptions, the property market exhibited resilience. In 2023, developers launched an impressive 26 private residential projects and one executive condominium (EC) project, surpassing the previous year’s numbers. Notable projects such as The Reserve Residences, Grand Dunman, and Lentor Hills Residences recorded robust sales, reflecting buyer confidence.

We estimate that the number of units launched for sale in 2023 at 7,600. This is less than the original forecast of up to 12,000 units launched for sale in 2023 but nevertheless 67.8% higher than the 4,528 units launched for sale in 2022. An estimated 90% of the units launched are in the Rest of Central Region (RCR) and Outside Central Region (OCR).

Developer sales could end the year between 6,000 and 6,500 units. Contrast against a backdrop of economic slowdown, cooling measures and pent-up demand during the pandemic which may have been largely satiated, the sales results should be seen as encouraging.

The impact of higher for longer interest rate is keenly felt in the resale market. Furthermore, we see asking prices of many properties asking for record prices compared to recent years, pushing away buyers especially if the banks are not able to support the valuations. Resale transaction volume has been on a downtrend since 2022. The resale market is estimated to see around 10,500 units sold in 2023.

2023 Rental Market

The broader economic slowdown in 2023, coupled with geopolitical tensions, impacted the private rental market. Employment Pass (EP) holders faced challenges, resulting in a slowdown in new tenant demand. The steep 30% increase in rents in 2022 further displaced tenants, prompting some to explore more affordable options such as co-living spaces and HDB flats.

A surge in private residential home completions, exceeding 18,000 in 2023, marked the highest supply since 2016. Mega projects like Affinity At Serangoon, Avenue South Residences, Normanton Park, Riverfront Residences, The Florence Residences, and Treasure At Tampines accounted for nearly half of the new units. These contributed to a 9.1% decline in the number of non-landed rental contracts in 2023, with landed rental contracts experiencing a 19.1% drop.

The number of HDB flats rented out in 2022 witnessed a decline to 36,166 as Malaysian workers returned to their daily commute to Singapore. Based on estimates, we forecast an increase in HDB flats rented out in 2023 to around 39,000, a 7.8% rise from 2022. This increase can be attributed to tenants displaced from the private residential market and HDB upgraders seeking affordability and putting purchases on hold.

Singapore Property 2024 Outlook

Sales Projections for 2024

In 2024, there may potentially be up to 38 launches with an estimated 11,636 units. This includes a 512-unit EC project, Lumina Grand at Bukit Batok West Ave 5.

There may be up to 2,968 units launched in the CCR which is the largest supply since 2021. Some of the potential major launches include Aurea, former Peace Centre/Peace Mansion, Marina View Residences, Newport Residences and Skywaters Residences.

The RCR may see potential major launches at Bukit Timah Link, former Meyer Park, Jalan Tembusu, Marina Gardens Lane, The Arcady at Boon Keng and The Hill@OneNorth in 2024. There may be up to 3,085 units which is about 27% less than 2023’s launch of more than 4,200 units in the RCR.

And to meet upgrading demand, the government has increased the sale of state land, leading to the largest supply of units in the OCR in 11 years, with an estimated 5,583 units in 2024.

Optimism surrounds the new sale market in 2024, with developers expected to sell between 7,000 and 8,000 units. The resale market may experience muted activity, with sales ranging from 9,000 to 10,000 units due to continued high interest rates environment.

As Singapore navigates economic challenges and adjusts to government measures, the real estate landscape remains dynamic. Developers’ growing confidence, expressed through higher payments for prime sites, sets the stage for property prices to grow between 3% and 5% in 2024. While challenges persist, the overall outlook suggests a more optimistic economic climate for the upcoming year.

Rental Projections for 2024

In 2024, the good news is that the estimated new supply of homes is almost half of 2023. The economic outlook for Singapore in 2024 is rosier than 2023 and there may be more new EP holders. The market may also be supported by foreigners who are renting while they apply for their permanent residency before buying. Landlords might find relief from the high mortgage payments should interest rates ease in 2024.

However, it may take at least six months in 2024 for the market to digest the large completion of private residential homes in 2023 with downward pressure on rents in 1H 2024. The rental market is anticipated to stabilize in the second half of 2024, with a forecast contraction of up to 5% in rents for the entire year.

For the HDB rental market, the number of completions of new private homes and public flats in 2024 is estimated to be lower than 2023. This means there will be a smaller increase in the supply of HDB flats for rent in 2024.

Also we expect more than 7,500 units private properties to be launched for sale in the RCR and OCR, slightly more than the estimated 7,000 units in 2023. The launches in the RCR and OCR tend to attract more HDB upgraders and may induce more rental demand for HDB flats in the interim.

On balance, we estimate HDB rents to grow between 5% and 8% in 2024.

Need an opinion on your property investment plans, the best buys available today or help marketing your properties?

Get a 1-time free Property Wealth Planning (PWP) consultation with Lushhome Property Wealth Planners.

A PWP consultation includes:

– An in-depth financial affordability assessment and timeline planning

– Has your property stagnated or dropped in price? What options do you have?

– Highly relevant investment insights on the current and long term property market

– A clear and customised investment road map to fulfil your dreams and life goals

– A curated list of best buys in today’s market with good growth potential, minimal risks and long term exit strategies

– Selecting units with the highest potential in a new launch project

– Advice on marketing and getting a buyer for your property fast

Follow us on Instagram or Facebook, or Whatsapp us now for any enquiries.

—

While this article has endeavoured to ensure that the information and materials contained herein are accurate and up to date as at [27/12/2023], Lushhomemedia.com is not responsible for any errors or omissions, or for the results obtained from their use or the reliance placed on them. All information is provided “as is”, with no guarantee of completeness, and accuracy.

The post Navigating the Singapore Real Estate Landscape: 2023 Review and 2024 Outlook appeared first on LushHomeMedia.

In this article, we highlight 7 new launches with special promotions to consider towards leveling up your wealth. You will need to act fast to land your dream home or investment property as these discounts are for a limited time only!

District 2 – One Bernam

One price promotion for selected units and additional $24,000 discounts to buyers for all unit types

One Bernam, the one enviable address in Tanjong Pagar. This project is a mixed-use development with a total of 351 residential units with 1 to 3-bedroom & penthouse options, and two storeys of commercial and retail space. The 35-storey building grants you great views of the city’s finest sights – setting out to be the new beacons of prominence. Nestled in a prime neighbourhood that is culturally rich yet modern, there are many matured amenities such as malls, markets, restaurants, cafes, pubs and many more. Furthermore, travelling is easy with six MRT stations within a 1km radius with the nearest station being a mere 300m away.

District 4 – The Reef At King’s Dock

$60K discount for (Stack 1, 8, 13, 14 & 26)

The Reef At King’s Dock is the latest luxury waterfront development down south on Harbourfront Avenue. This project has 429 residences spread across 10 residential blocks with an exquisite selection of 1 to 3-bedroom layouts. It features a 180-metre-long sun deck for you to bask in, a first ever in a residential development in Singapore.

Located just next to HabourFront Centre and VivoCity (Singapore’s largest mall), you will be able to indulge in an endless choice dining and retail options. In addition, having Sentosa as a backdrop makes living at The Reef At King’s Dock such a delightful experience.

District 9 – Hill House

Discounts for selected units

Hill House is a new 999-year leasehold development located on 11 Institution Hill. It features a limited collection of 72 exquisite homes with 1 to 3-bedroom options for you to choose from. Homes at Hill House are well-designed with ample storage and versatile bedrooms that can be easily be converted into study, hobby, or entertainment room.

You will have ease of access to a wealth of work, play and entertainment destinations as Central Business District, Marina Bay, Clarke Quay, and Orchard Road are in close proximity. In addition, Hill House is perfect for families with children as reputable schools such as River Valley Primary School, School of the Arts Singapore and Singapore Management University are in the vicinity too.

District 10 – One Draycott

Up to $180K discount

Located in a prime location along Draycott Park, One Draycott is a luxurious residential development within the city. This freehold project features an 18-storey tower that houses 64 exclusive residential units made up of mainly 2-bedroom units with penthouse options. One Draycott is a home designed for modern minimalist, ensuring each unit is cosy, spacious and have ample natural light and air ventilation. Art is an important component of this project which can be seen placed thoughtfully around the common spaces.

One Draycott is close to both Orchard MRT station and Newton MRT interchange, providing a convenient way for its residents to travel about. Being in the city also means easily accessing world-class amenities the Orchard Road shopping belt has to offer.

District 11 – Enchanté

Discounts for selected units

Enchanté is a luxurious freehold development situated along Evelyn Road. It consists of 25 residential units spread across a 16-storey high building, and each home comes with a private lift too.

Surrounded by shopping malls such as Velocity @ Novena, and Goldhill Plaza, residents can enjoy a wide variety of shopping experiences. In addition, Enchanté is located near prestigious schools such as St. Joseph Institution (Junior), Anglo-Chinese School (Primary), and Laselle College of the Arts (Whampoa Campus), making it an optimal choice for families with children. Furthermore, residents can enjoy a plethora of food options with the famous Newton food centre within walking distance.

District 14 – Mattar Residences

Up to $55.7K discount

Mattar Residences is a freehold development located within the city fringe. Experience urban living and convenience with Mattar MRT station at your doorstep.

There are endless food and entertainment choices with MacPherson Market and Food Centre and malls such as NEX and The Woodleigh Mall in the vicinity. For families with children, Canossa Catholic Primary School, and Geylang Methodist School (Primary), are also within 1km of the development.

District 16 – Sceneca Residence

Discounts for selected units

Sceneca Residence is the gateway to new and exciting experiences for residents in the east coast area. A rare mixed-use development situated along Tanah Merah Kechil Link, it comprises 268 residential units with 1 to 4-bedroom plus 4 exquisitely designed penthouses to choose from.

You can enjoy great convenience with direct access to Tanah Merah MRT Station and 10,000 sq ft supermarket as well as diverse retail and F&B stores located on the ground floor. Upcoming URA transformation plans of the eastern region, namely; The Bayshore Precinct, Singapore University of Technology and Design, Changi Business Park and Changi Airport Terminal 5 also offer massive growth potential in the future.

If you are looking to buy a new launch or resale property in Singapore, we invite you to engage us as your property consultant. Contact us today to schedule a consultation and let us help you find your dream home.

Need an opinion on your property investment plans, the best buys available today or help marketing your properties?

Get a 1-time free Property Wealth Planning (PWP) consultation with Lushhome Property Wealth Planners.

A PWP consultation includes:

– An in-depth financial affordability assessment and timeline planning

– Has your property stagnated or dropped in price? What options do you have?

– Highly relevant investment insights on the current and long term property market

– A clear and customised investment road map to fulfil your dreams and life goals

– A curated list of best buys in today’s market with good growth potential, minimal risks and long term exit strategies

– Selecting units with the highest potential in a new launch project

– Advice on marketing and getting a buyer for your property fast

Follow us on Instagram or Facebook, or Whatsapp us now for any enquiries.

—

While this article has endeavoured to ensure that the information and materials contained herein are accurate and up to date as at [05/12/2023], Lushhomemedia.com is not responsible for any errors or omissions, or for the results obtained from their use or the reliance placed on them. All information is provided “as is”, with no guarantee of completeness, and accuracy.

The post New launches with special promotion in Dec 2023 appeared first on LushHomeMedia.

As one of Singapore’s regional centers, Tampines boasts a wide range of amenities. Tampines Mall, Century Square, and Tampines One offer extensive retail and dining options, while the Tampines Hub provides sports, cultural, and recreational facilities. The addition of new parks and pedestrian-friendly spaces aligns with Singapore’s broader sustainability goals, enhancing the town’s livability.

Tampines North: A Vision for the Future

Tampines North, a burgeoning area in Singapore’s East Region, is transforming into a vibrant hub of modern living, thanks to a slew of new residential and mixed-use developments. Designed to complement the established Tampines estate, this extension emphasizes sustainability, connectivity, and community-centric living. Several upcoming projects in this precinct are poised to redefine urban lifestyles while offering significant investment potential. 

Here is a closer look at the standout developments.

Parktown Residence

Parktown Residence is one of the flagship developments in Tampines North, located along Tampines Avenue 11. This ambitious project is a mixed-use development combining residential, retail, and community spaces. Developed by a consortium including UOL Group, Singapore Land, and CapitaLand Development, Parktown Residences is strategically situated near the future Tampines North MRT station, part of the Cross Island Line.

The residential component will comprise approximately 1,190 residential units, catering to various lifestyle preferences. Complementing this is a well-integrated ecosystem of amenities, including a bus interchange, a community club, and a hawker center. These facilities aim to enhance the convenience of residents while fostering a sense of community. Moreover, its proximity to a linear green park and seamless connectivity to major expressways makes Parktown Residence a cornerstone of Tampines North’s evolution.

Aurelle of Tampines EC

Targeted primarily at families and HDB upgraders, Aurelle of Tampines Executive Condominium (EC) at Tampines Street 62 represents the perfect blend of affordability and luxury. Nestled within a tranquil part of Tampines North, this EC is surrounded by lush green spaces, schools, and everyday amenities, making it an ideal location for family-oriented living.

For families with young children, the development is surrounded by esteemed educational institutions. Within 1-km radius, you can find renowned schools such as Angsana Primary School, Elias Park Primary School and Tampines North Primary School. Ngee Ann Secondary School, Tampines Meridian Junior College, Temasek Polytechnic, SUTD (to spell in full) are also less than 10 mins drive away.

760 units of thoughtfully designed and spacious 3 to 5-bedroom units for families to come home to. Residents will enjoy access to a range of lifestyle facilities, including swimming pools, BBQ pits, and a clubhouse. The development’s design encourages both relaxation and social interaction, making it a true haven within the bustling Tampines estate. Its location, just a stone’s throw from the future Tampines North MRT station, further enhances its appeal.

Tenet EC

Tenet EC, another significant addition to Tampines North, has garnered widespread attention for its luxurious offerings and strategic location. Positioned close to both Tampines North and Tampines Regional Centre, this development provides unparalleled access to retail options, educational institutions, and green spaces.

The project features state-of-the-art facilities, including a lap pool, fitness areas, and landscaped gardens, designed to cater to contemporary lifestyles. Tenet EC is also well-connected via major expressways and public transportation, making it a prime choice for professionals and families seeking convenience and comfort in the East.

These developments are more than just residential projects—they are part of Tampines North’s broader vision as a sustainable, integrated, and highly connected precinct. The area is set to benefit from the completion of the Cross Island Line (CRL), which will link Tampines North to key employment hubs such as Paya Lebar Airbase and Changi Business Park. The integration of green corridors and urban parks, including the 7.5-hectare linear park connecting Sun Plaza Park to Sungei Api Api, further emphasizes the area’s commitment to eco-friendly living.

Key Highlights of Tampines North’s Development

Tampines North will feature approximately 21,000 residential units, comprising both public and private housing. The area is designed to promote sustainable living with green spaces and integrated community facilities. Future residents will benefit from amenities such as:

• Polyclinic and Nursing Home: Convenient healthcare facilities within the estate.
• Schools: Educational institutions to cater to families, from preschools to secondary schools.
• Community Club: A hub for social and recreational activities.

This extension supports Singapore’s vision of creating self-sustained neighborhoods where residents can live, work, and play in close proximity.

Enhanced Connectivity

Tampines North is becoming an increasingly attractive area for residential living, thanks to several upcoming developments and enhancements in transportation infrastructure:

Future Tampines North Cross Island MRT Line (CRL)

The Cross Island Line (CRL) is one of Singapore’s largest MRT projects, planned to connect various parts of the island seamlessly. The Tampines North station will significantly enhance connectivity, making it convenient for residents to travel to the western, central, and eastern parts of Singapore. This will reduce commuting time and increase accessibility for work, education, and leisure activities.

Future Tampines North Integrated Transport Hub

The Integrated Transport Hub will combine MRT services, bus interchange facilities, and retail options in a single location. This integration offers residents a seamless commuting experience and easy access to amenities. It will be a focal point for public transport in Tampines North, providing efficient and convenient travel options.

Enhanced Road Networks

Tampines North is well-connected via major expressways such as the Tampines Expressway (TPE), Pan-Island Expressway (PIE), and the Kallang-Paya Lebar Expressway (KPE). These roads provide quick access to other parts of Singapore, making it easier for residents who drive.

Green and Recreational Spaces

Tampines North is designed with sustainability in mind, boasting numerous parks and eco-friendly features that aim to foster a car-lite environment and encourage active lifestyles.

Tampines Boulevard Park, Tampines Eco Green, and Sun Plaza Park are popular recreational spaces located in the Tampines area of Singapore. Each of these parks offers unique features and attractions for residents and visitors:

Tampines Boulevard Park

Situated along Tampines Avenue 5 and near Tampines Central, this new park is designed for relaxation and leisure, offering open spaces where people can gather, relax, or enjoy a leisurely stroll. It is located conveniently near residential areas and amenities, making it accessible for residents in the vicinity.

Tampines Eco Green and Sun Plaza Park

Tampines Eco Green is located between Tampines Avenue 9 and 12, near Tampines Expressway (TPE). This park is known for its rich biodiversity and eco-friendly design. It features open grasslands, freshwater wetlands, and a secondary rainforest, providing a habitat for various flora and fauna. The park has a network of walking trails and bird hides for nature enthusiasts to enjoy bird watching and the natural environment. Importantly, it is a place where visitors can experience nature in a tranquil setting.

Sun Plaza Park is situated along Tampines Avenue 7 and Tampines Avenue 9. It offers an array of recreational facilities, including a playground, fitness areas, and a skating arena. It is popular among families and fitness enthusiasts. The park also includes thematic gardens and provides plenty of open space for various outdoor activities, making it a versatile spot for community gatherings and events.

All three parks contribute to the greenery and recreational offerings in the Tampines region, creating a vibrant and healthy living environment for its residents.

Economic Opportunities

Beyond Tampines itself, major neighboring projects promise to significantly impact the region. Tampines North is strategically located near key employment centers:

Tampines Regional Centre

Tampines is one of Singapore’s regional centers and offers a mix of residential, commercial, and retail spaces. It has well-developed amenities, including shopping malls like Tampines Mall, Tampines One and Century Square.

Changi Business Park and Aviation Park

Changi Business Park is a prominent business hub, attracting companies from the technology, research, and financial sectors. It is close to Singapore Expo and has a good mix of office spaces, retail outlets, and hotels. The Aviation Park is part of the Changi East development, which will further enhance this area.

Paya Lebar Airbase (future)

The relocation of Paya Lebar Airbase will free up a significant amount of land for redevelopment. The area is expected to transform into a new town with residential and commercial developments, enhancing connectivity and amenities over the coming years.

Changi Airport Terminal 5 (future)

Changi Airport Terminal 5 is set to increase the airport’s capacity significantly. This development is expected to boost the surrounding areas’ economic activity and potentially increase property demand in the areas nearby such as Tampines North with its connectivity via future Tampine North MRT.

These areas are bustling with opportunities in finance, technology, and logistics, ensuring that residents have access to thriving job markets. The strategic positioning of Tampines North homes will boost property values and attract residents seeking proximity to workplaces.

Conclusion: Seize the Opportunity in Tampines North

Tampines is more than just a residential estate—it is a thriving community that combines convenience, connectivity, and a high quality of life. With its ongoing developments and future infrastructure enhancements, the area promises significant growth and investment potential. Whether you are a first-time buyer, a family looking for your dream home, or an investor seeking long-term returns, Tampines offers something for everyone.

With these exciting developments, the eastern region of Singapore is poised for substantial growth. For those considering property investments, now is the time to explore opportunities in Tampines North and its neighboring districts. Contact us today to learn more about upcoming projects and how they align with your goals for the future.

Need an opinion on your property investment plans, the best buys available today or help marketing your properties?

Get a 1-time free Property Wealth Planning (PWP) consultation with Lushhome Property Wealth Planners.

A PWP consultation includes:

– An in-depth financial affordability assessment and timeline planning

– Has your property stagnated or dropped in price? What options do you have?

– Highly relevant investment insights on the current and long term property market

– A clear and customised investment road map to fulfil your dreams and life goals

– A curated list of best buys in today’s market with good growth potential, minimal risks and long term exit strategies

– Selecting units with the highest potential in a new launch project

– Advice on marketing and getting a buyer for your property fast

Follow us on Instagram or Facebook, or Whatsapp us now for any enquiries.

The post Tampines Today and Future: A Self-Sufficient Town Getting Better appeared first on LushHomeMedia.