SG Property News | February 22 2025
Singapore property news roundup for Saturday, February 22, 2025. Headlines link to the original publishers.
Singapore private residential rents stabilise in 2024 after sharp growth
Singapore Business Review
Singapore’s property insurance sees rate cuts in Q4
Insurance Asia
River Valley Apartments sold for $56 mil, first residential collective sale in 2025
Edgeprop
River Valley Apartments, a freehold condominium on River Valley Road has been sold for $56 million. It is the first successful residential collective sale deal to close in 2025.
Four-bedroom unit at Nassim 9 sold at $3.42 mil profit
Edgeprop
Luxury development Nassim 9 saw the most profitable private non-landed resale transaction recorded during the period of Feb 4 to Feb 7. The sale involved a 2,486 sq ft, four-bedroom unit located on the third floor which changed hands for $7.5 million, or $3,016 psf, on Feb 7. According to URA caveats, the seller had previously purchased the unit for $4.12 million ($1,641 psf) in December 2005. Thus, they reaped a profit of $3.42 million, or 83.8% of their original purchase price.
8 Layout Secrets To Discover The Ideal 2-Bedder In Singapore
Stacked Homes
With home prices climbing, we may soon see a day when families (at least smaller families) are forced to accept a two-bedder as a norm. But not all two-bedders are created equal: older two-bedders may be huge in terms of…
Sim Lian to preview Aurelle of Tampines on Feb 22 at prices from $1,651 psf
Edgeprop
Sim Lian Group announced that its executive condo (EC) Aurelle of Tampines) will open for e-application on Feb 22. The 760-unit EC is located at Tampines Street 62 in Tampines North.
8M Residences sets new price high of $2,384 psf
EdgeProp Singapore
Get ready for Rainforest Wild Asia: Singapore’s new wildlife park
99.co
Airport worker who opened her home to stranded passengers wins annual award
The Straits Times
Near-zero rental growth expected this year, after condo rents dip 1.7% y-o-y in 2024: Savills
EdgeProp Singapore
CapitaLand India Trust is acquiring a 1.13 million sq ft office space in Bangalore for $233.6 mil
Edgeprop
CapitaLand India Trust (CLINT) is looking to acquire an office project in Nagawara, Outer Ring Road, Bangalore, for $233.6 million. This will be done through entering a forward purchase agreement with Maia Estates Offices. The group says that the acquisition of this 1.13 million sq ft office project is expected to improve earnings and distributions for unitholders.