SG Property News | April 18 2025
Singapore property news roundup for Friday, April 18, 2025. Headlines link to the original publishers.
George Lee: Strong understanding of GCBs and his clients’ unique needs
Edgeprop
In Singapore’s exclusive Good Class Bungalow (GCB) market, few names command as much authority and trust. One of them is Mr George Lee HK.
Navigating the international residential market map in shifting economic sands
The Business Times
Four-bedroom unit at Balmoral Hills sets a new price high of $2,651 psf
Edgeprop
Freehold condo Balmoral Hills leads the list of apartments and private condos that saw new psf-price highs during the week of Mar 28 to Apr 4. The project recorded a new price high of $2,651 psf when a 1,841 sq ft, four-bedroom unit on the fifth floor changed hands for $4.88 million on April 1. The new record surpasses the previous record of $2,128 psf by 12.4%.
Three-bedroom unit at Pinewood Gardens sold at $2.62 mil profit
Edgeprop
The sale of a three-bedroom unit at Pinewood Gardens was the most profitable transaction during the week of April 1 to 8. The 1,668 sq ft unit on the fifth floor fetched $3.72 million ($2,230 psf) on April 3. The unit had been bought for $1.1 million ($659 psf) in June 2004. As a result, the seller made a record profit of $2.62 million (238%), which translates to an annualised gain of 6% over nearly 21 years. Pinewood Gardens is a freehold condominium on Balmoral Park in prime District 10.
Five-bedroom Sentosa bungalow listed at $12.88 mil, selling for over $1 mil loss
Edgeprop
A five-bedroom bungalow on Lakeshore View in Sentosa Cove is available for sale through private treaty for $12.88 million. According to URA records, the owners acquired the property for $14 million in September 2010, meaning they are now listing it at a loss of $1.12 million. The 99-year leasehold property occupies a land plot spanning 7,400 sq ft. This reflects a land rate of about $1,741 psf.
Sub-sales market boomed in 2024, sellers made average profit of $270k: OrangeTee
The Straits Times
Building with Purpose: Wing Tai Partners with Pathlight School to Showcase Student Art at River Green
PropertyGuru
Singapore strengthens grid to balance demand, emissions goals
Singapore Business Review
Ong Beng Seng to step down as managing director of Hotel Properties
The Straits Times
Flash Report: Condo and HDB rental volumes rose in March 2025 amid rising prices
99.co
Good Class Bungalow at Jervois Road for sale at $55 mil or $3,649 psf
Edgeprop
A Good Class Bungalow (GCB) on Jervois Road, located off Tanglin Road in prime District 10, has been put on the market for $55 million. This translates to approximately $3,649 psf, based on its land area of 15,072 sq ft. The freehold property sits on an elevated plot with a frontage of 28.2m and a depth of 47.5m. The car porch is spacious enough to accommodate seven vehicles. From the car porch, a staircase leads up to the first level of the house, which features a lawn fronting the main entrance.
Condo Profits Averaged $270K In 2024 Sub Sales: Could This Grow In 2025?
Stacked Homes
2024 was the year of the sub sale transaction. Usually rare, there were 1,428 sub sale transactions for the whole of the year; up from 1,294 units in 2023, and up from a mere 178 units(!) back in 2020. But…
Slower Sales At One Marina Gardens And Bloomsbury Residences: A Sign That Buyer Sentiment Is Cooling?
Stacked Homes
The fast sales of Parktown Residence, Lentor Central Residences, and previously Emerald of Katong have set expectations quite high. A number of market watchers speculated that we might see the same for Bloomsbury Residences and One Marina Gardens (OMG). After…
5 Cheapest 4-Room HDB Flats Near An MRT From $468k
Stacked Homes
For many buyers, proximity to an MRT station is non-negotiable—but finding a well-located home that’s also affordable can be a challenge. This week, we’ve rounded up five of the cheapest 4-room HDB flats that are all within walking distance of…