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In a thrilling turn of events, the highly anticipated Toa Payoh Government Land Sales (GLS) site has finally attracted a staggering $968 million bid after lying dormant for eight long years. This unexpected surge of interest in the prime land parcel comes as a surprise to many property enthusiasts and industry insiders alike. Key players in the real estate market, including CDL, Frasers Property, and Sekisui House, have engaged in a fierce bidding war that has left observers on the edge of their seats.

The Toa Payoh GLS Site: A Long-Awaited Opportunity

What’s the Story Behind the Toa Payoh GLS Site?

The Toa Payoh GLS site has been a topic of discussion in Singapore’s real estate arena for nearly a decade. Situated in the heart of Toa Payoh, this prime piece of land has remained undeveloped since its initial release by the government eight years ago. Its strategic location and potential for development have made it a highly coveted asset within the property market.

Why Did It Take Eight Years for Bidders to Show Interest?

One of the most pressing questions on everyone’s minds is why it took so long for bidders to show interest in this prime land parcel. Various factors, including market conditions, economic uncertainties, and shifting development priorities, contributed to the prolonged wait. However, the recent surge in demand for prime real estate in Singapore has reignited interest in the Toa Payoh GLS site.

CDL, Frasers Property, and Sekisui House: Titans in the Bidding War

Three major players, City Developments Limited (CDL), Frasers Property, and Sekisui House, have emerged as the frontrunners in the race to secure the Toa Payoh GLS site. These industry giants have a reputation for their innovative developments and deep pockets, making this bidding war all the more intense.

The Bidding War: A High-Stakes Showdown

CDL: The Veteran Contender

CDL, a veteran in Singapore’s real estate scene, has a history of transformative projects. The company’s extensive portfolio includes iconic developments such as South Beach Residences and The Quayside Collection. With their vast experience, CDL is poised to turn the Toa Payoh GLS site into a masterpiece.

Frasers Property: A Strong Competitor

Frasers Property has also thrown its hat into the ring, showcasing its commitment to delivering quality developments in Singapore. Their notable projects like Seaside Residences and Rivière have earned them a solid reputation among homebuyers. Frasers Property’s participation adds another layer of excitement to the bidding war.

Sekisui House: The Japanese Contender

Hailing from Japan, Sekisui House has made its mark on the global real estate stage with innovative and sustainable developments. Their entry into the Toa Payoh GLS site bidding war highlights the international appeal of this prime location.

The Impact on Singapore’s Property Landscape

A Potential Game-Changer

The outcome of this bidding war has the potential to reshape Singapore’s property landscape. The Toa Payoh GLS site’s central location and ample space offer opportunities for a diverse range of developments, from residential to commercial and mixed-use projects.

Spurring Innovation and Quality

The involvement of renowned developers like CDL, Frasers Property, and Sekisui House is expected to raise the bar for innovation and quality in Singapore’s real estate market. This bidding war signifies a commitment to delivering exceptional projects that cater to the evolving needs of residents and businesses.

FAQs: Addressing Common Questions

1. What is the Toa Payoh GLS site’s exact location?

The Toa Payoh GLS site is centrally located in Toa Payoh, offering easy access to amenities and transportation hubs.

2. What are the potential developments for this site?

The site has the potential for various developments, including residential, commercial, and mixed-use projects.

3. When is the expected completion date for the winning bidder’s project?

The completion date will depend on the specific plans of the winning bidder, but it is expected to be a few years from now.

4. How will this bidding war affect property prices in the Toa Payoh area?

The bidding war may lead to increased property prices in the Toa Payoh area, driven by heightened demand and anticipation of future developments.

5. Are there any sustainability initiatives planned for this project?

Developers are increasingly focusing on sustainability, so it’s likely that the winning bidder will incorporate eco-friendly features into their development.

6. Will there be public amenities within the development?

The inclusion of public amenities is a possibility, as developers often aim to enhance the overall livability of their projects.

Conclusion: A Bright Future for Toa Payoh

As the bidding war for the Toa Payoh GLS site unfolds, Singaporeans and property enthusiasts eagerly await the final outcome. With CDL, Frasers Property, and Sekisui House vying for this prime piece of real estate, the future development promises to be nothing short of spectacular. Stay tuned for updates on this groundbreaking chapter in Singapore’s property history.

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Introduction: In the ever-evolving landscape of real estate, the third quarter of 2023 has presented a new narrative for HDB resale flat prices. With a modest increase of 1.3% compared to the previous quarter, the market seems to be taking a breath, signaling a potential shift in the dynamics of supply and demand. In this comprehensive article, we delve into the nuances of this change and what it portends for the future of housing in the region.

Understanding the Market Shift

Why a Slower Growth in HDB Resale Prices Matters

The housing market is a bellwether for the economy, and the slowdown in HDB resale flat price growth from the previous quarter’s pace is a development that warrants a closer examination. What does this mean for the average buyer or seller on the ground? Is this a sign of market stabilization, or are there other factors at play?

The Numbers Game

Analyzing the 1.3% Increase

While a 1.3% quarter-on-quarter increase might seem insignificant, it’s essential to contextualize this within the broader market trends. How does this compare with the historical data, and what can we infer from these figures?

Regional Variations in Resale Prices

Which Areas Saw the Greatest Changes?

Singapore’s diverse neighborhoods often experience varying degrees of price fluctuations. Identifying which areas saw the greatest changes can provide potential buyers and sellers with valuable insights into where the market might be heading next.

The Impact of Market Cooling Measures

Government Interventions and Their Effects

The Singaporean government has historically implemented measures to cool the property market and ensure affordability. How have these interventions impacted the recent price trends, and what might we expect in the coming months?

The Buyers’ Perspective

What This Means for Prospective Homeowners

For individuals looking to purchase a resale flat, understanding the implications of the current market conditions is crucial. How should potential buyers interpret the 1.3% price increase, and how might it affect their decision-making process?

The Sellers’ Standpoint

Navigating a Slower Growth Environment

Sellers are facing a market that’s growing at a slower pace. What strategies should they adopt to maximize their returns, and how can they attract buyers in a more competitive environment?

Expert Opinions on Market Trends

Insights from Industry Authorities

We’ve reached out to real estate experts and analysts to get their take on the current market situation. Their perspectives shed light on the underlying factors driving the market and what the future may hold.

Long-Term Implications for the Property Market

What History Can Teach Us

Looking back at historical trends can often provide a roadmap for the future. What can past market cycles tell us about the current slowdown in price growth, and how might this inform long-term investment strategies?

Comparative Analysis with Private Property Markets

HDB Resale Flats vs. Private Condominiums

The private property market often moves in tandem with the public housing sector, yet there are distinct differences. How do the trends in HDB resale prices compare with those in the private condominium sector?

The Role of Interest Rates

How Monetary Policy Influences Housing Prices

Interest rates are a critical factor in the affordability of housing. With the global economy facing uncertainty, what role do current and projected interest rates play in the HDB resale market?

The Influence of New HDB Launches

Competition from New Flats

New HDB launches provide fresh options for buyers and can affect resale market dynamics. How have recent launches influenced resale prices, and what does this mean for those looking to sell their flats?

Demographic Shifts and Housing Demand

Population Changes Shaping the Market

Singapore’s demographic landscape is shifting, with implications for housing demand. How are changes in population dynamics reflected in the HDB resale market?

The Future of HDB Resale Prices

Predictions and Projections

With the data at hand, what can we predict about the future trajectory of HDB resale prices? Are we looking at a temporary lull or a more sustained period of moderate growth?

Investment Strategies in the Current Climate

Advice for Property Investors

For investors, the current market conditions present both challenges and opportunities. What strategies should they consider to capitalize on the trends in HDB resale prices?

The Sustainability of HDB Resale Prices

A Look at Affordability and Value Retention

Sustainability in housing prices is about more than just market trends; it’s also about affordability and long-term value retention. How sustainable are the current HDB resale prices in these terms?

The Technological Transformation of the Real Estate Market

Digital Innovations and Their Impact

Technology is transforming the real estate market, from virtual viewings to blockchain transactions. How is this digital revolution affecting the HDB resale market?

The Psychological Factors in Buying and Selling

Emotions and Economics

The decision to buy or sell a home is not just an economic one; it’s also deeply emotional. How do psychological factors play into the current market trends, and what should buyers and sellers be aware of?

The Global Economic Outlook and Singapore’s Market

International Influences on Local Housing

In an interconnected world, global economic trends can have a significant impact on local markets. What international factors should we be mindful of when considering the future of HDB resale prices?

Navigating the Legal Landscape of HDB Resale

Understanding the Rules and Regulations

The legal aspects of buying and selling HDB flats can be complex. What do both buyers and sellers need to know to navigate this landscape effectively?

The Environmental Considerations in Housing

Green Living and Resale Value

Environmental sustainability is becoming increasingly important to many buyers. How does this focus on green living impact the resale value of HDB flats?

The Social Aspect of Housing

Community Living and Its Value

Housing is more than just a physical space; it’s also about the community and social environment. How does the social aspect of HDB living contribute to the resale value of flats?


The modest increase in HDB resale flat prices in the third quarter of 2023 is a multifaceted issue that reflects broader economic, social, and political trends. As we’ve explored, a range of factors from government policies to global economic conditions play a role in shaping the market. For buyers, sellers, and investors alike, staying informed and adaptable will be key to navigating the future of Singapore’s housing landscape.


  1. What does a 1.3% increase in HDB resale prices indicate about the market?
    • This increase suggests a slowing growth rate, which could indicate a stabilizing market or the impact of various external factors.
  2. How do government interventions impact HDB resale prices?
    • Government measures are designed to maintain affordability and prevent overheating in the market, which can moderate price growth.
  3. Should buyers be concerned about the slower price increase?
    • Buyers should consider this a factor in their decision-making but also look at other market conditions and personal circumstances.
  4. What strategies should sellers adopt in a slower growth environment?
    • Sellers may need to focus on competitive pricing, effective marketing, and understanding buyer priorities.
  5. How might interest rates affect the future of HDB resale prices?
    • Higher interest rates typically dampen demand by increasing the cost of borrowing, potentially leading to lower price growth.
  6. Are HDB resale prices sustainable in the long term?
    • Sustainability depends on a balance of affordability, demand, and economic conditions, which currently suggests a stable market.

Remember, the story of HDB resale prices is an ongoing narrative, one that is best read with a keen eye on the past and an understanding of the present to anticipate the future chapters.

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In the ever-dynamic landscape of industrial real estate, the third quarter of 2023 has etched yet another remarkable chapter of growth. For the twelfth quarter in a row, the markets witnessed an uptick in both rents and prices, a testament to the sector’s robust resilience and unfaltering demand. But what’s really driving this relentless surge? Let’s deep-dive into the nitty-gritty of this industrial crescendo and shed light on the details that matter.

The figures are in, and they’re impressive. Industrial rents and prices have not just grown; they’ve done so with a steadiness that’s both enviable and intriguing. This quarter marks the twelfth successive period of growth, a streak that seems to be continuing unabated.

The Underlying Strength of the Market

Industrial real estate’s buoyancy is not a stroke of luck. It’s underpinned by solid fundamentals. There’s a growing demand for space, spurred by the rise of e-commerce and the need for sophisticated logistic hubs. Manufacturers are also on the lookout for state-of-the-art facilities that can house their advanced operations.

A Look at Specifics: Sector-Specific Growth

The growth isn’t uniform—it’s nuanced, with specific sectors such as warehousing and data centers leading the charge. These specialized segments have seen a particular spike in interest, indicative of a broader trend in technological advancement and digital reliance.

Trends Fueling the Industrial Real Estate Boom

It’s no secret that the global economy is evolving. As it does, it’s bringing along a wave of change in the industrial real estate market. What’s really powering this growth engine? Let’s find out.

E-Commerce: The Great Propel Forward

If there’s one thing that’s evident, it’s that e-commerce isn’t just thriving; it’s reshaping the landscape. The convenience of online shopping has led to an exponential increase in demand for warehouse spaces, particularly in urban locales.

The Ever-Evolving Manufacturing Landscape

Manufacturing isn’t what it used to be. It’s smarter, cleaner, and more technology-driven. Modern manufacturers need spaces that reflect this new era of production—spaces that are now in high demand.

Logistics: The Backbone of Industrial Growth

Behind every e-commerce transaction is a complex logistics network. As e-commerce grows, so does the need for advanced logistics—another factor propelling industrial rents and prices skyward.

Market Dynamics: A Closer Examination

Every market has its ebbs and flows, but industrial real estate seems to be in a league of its own. Let’s scrutinize the market dynamics that are at play.

Supply and Demand: The Eternal Dance

It all boils down to the basics of economics: supply and demand. In the case of industrial spaces, demand is outpacing supply, and that’s nudging prices upward.

Investment Influx: A Vote of Confidence

When investors talk, markets listen. And right now, investors are voicing their confidence in industrial real estate loud and clear, with capital flowing in steadily.

Government Policies and Their Impact

Policies can make or break markets. In the case of industrial real estate, favorable policies are providing a conducive environment for growth.

The Ripple Effect: Broader Economic Implications

What happens in the industrial sector doesn’t stay there—it reverberates across the economy. The rise in rents and prices has implications that span far and wide.

The Cost of Doing Business: A Necessary Reckoning

As industrial rents and prices rise, so does the cost of doing business. Companies must adapt, often leading to increased prices for goods and services.

The Employment Equation: More Jobs on the Horizon?

Industrial expansion often means more jobs, but what kind of jobs, and where? This growth could signal a boon for employment, particularly in certain regions and sectors.

Urban Planning and Industrial Growth: Finding Harmony

As urban landscapes evolve, so must urban planning. Industrial growth must be harmonized with residential and commercial development to ensure a balanced ecosystem.

Frequently Asked Questions

  1. What’s driving the growth in industrial rents and prices? The main drivers are the burgeoning demand for e-commerce, advanced manufacturing, and logistics space.
  2. Are there any sectors within industrial real estate that are growing faster than others? Yes, warehousing and data centers are witnessing particularly brisk growth due to their critical roles in e-commerce and technology infrastructure.
  3. Is the growth in industrial real estate expected to continue? While it’s always risky to make predictions, current trends and market dynamics suggest that growth is likely to persist in the near future.
  4. How does the rise in industrial rents affect consumers? Ultimately, the increase in industrial rents can lead to higher costs for goods and services as businesses adjust to cover their overhead.
  5. What role do government policies play in this growth? Government policies that support industrial development, such as zoning laws and tax incentives, can greatly facilitate growth in this sector.
  6. Can this growth lead to more jobs? Yes, industrial growth typically creates more jobs, particularly in manufacturing, warehousing, and logistics.

Conclusion: The Industrial Market’s Unstoppable March

The consistent growth in industrial rents and prices speaks volumes about the market’s vitality. As we venture deeper into the fourth quarter, all eyes will be on whether this sector can maintain its momentum or if we’re approaching an inflection point. For now, though, the industry’s pulse is strong, and its trajectory is one of ascension—a narrative of economic resilience and market potential that continues to unfold with each passing quarter.

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As we tread further into the second half of 2023, the manufacturing sector has hit a less than stellar patch, leading to a noticeable deceleration in industrial sales. The vibrancy once seen bustling through the factory floors seems to be dimming. But what’s the story behind these numbers? Let’s delve into the intricate workings of this vital economic segment and unearth the factors contributing to the current industrial slowdown.

Lacklustre Manufacturing Sector Prompts Slower Industrial Sales Activity in 3Q2023

The headline speaks volumes, but the underlying issues are worth a closer look. In 3Q2023, the manufacturing industry, typically a juggernaut of economic progress, has shown signs of lethargy. This deceleration has not occurred in isolation; various dominoes have tumbled to result in this slowdown.

The Ripple Effect of Sluggish Manufacturing

Understanding the Slump: The Bigger Picture

Economic Headwinds and Manufacturing

No industry is an island, and manufacturing is no exception. It exists in a complex ecosystem, influenced by broader economic conditions. So, what’s been going on?

Global Uncertainties Dampen Industrial Optimism

With globalization, the world’s economies are interlinked more than ever. Political upheavals, environmental concerns, and shifts in trade policies have contributed to a sense of uncertainty that has permeated the manufacturing sector.

Commodity Prices and Production Costs: A Balancing Act

Raw material costs are a significant factor in the health of manufacturing. Lately, fluctuating commodity prices have had manufacturers on a fiscal seesaw, trying to balance costs with production.

Market Dynamics: Demand, Supply, and Sentiment

Consumer Demand: A Wavering Constant

It’s basic economics – demand drives supply. But when consumer confidence wavers, demand can stutter, leading to an inevitable impact on manufacturing output.

Inventory Glut: When Supply Outpaces Demand

At times, manufacturers may overestimate market demand, leading to surplus inventory. This glut can have a cascading effect on sales and subsequent production cycles.

Technology and Innovation: A Double-Edged Sword

The Automation Conundrum: Efficiency vs. Employment

Automation brings efficiency but also fuels a contentious debate on its impact on the workforce. As machines replace manual labor, the sector’s dynamics change, affecting sales and economic contributions.

R&D Investment: The Lifeline for Future Growth

Investment in research and development is crucial for any sector’s longevity. For manufacturing, it’s the difference between leading the pack and lagging behind.

Regulatory Environment and Policy Impact

Trade Policies: Navigating a Maze of Complexity

Trade agreements and tariffs have always been pivotal. Changes in these policies can either propel manufacturing forward or put the brakes on expansion.

Environmental Regulations: The Cost of Being Green

As the world moves towards sustainability, the manufacturing sector faces the challenge of adapting to environmental regulations without compromising on profitability.

The Workforce: Skilled Labor and the Talent Crunch

The Skills Gap: Bridging the Divide

A skilled workforce is the backbone of manufacturing. However, there is a growing chasm between the skills available and those required, affecting productivity and sales.

Education and Training: Investing in Human Capital

The importance of education and training cannot be overstressed. By equipping the workforce with the necessary skills, the sector can address productivity issues head-on.

Investment Trends: Reading the Tea Leaves

Capital Expenditure: A Gauge of Industry Confidence

Capital investment in manufacturing is a tell-tale sign of the sector’s confidence. A downturn in investment often signals caution and a possible slowdown in sales.

Foreign Direct Investment (FDI): The Global Vote of Confidence

FDI flows are a critical barometer of the health of the manufacturing sector. A dip in FDI can reflect a less favorable view of a country’s industrial capabilities.

Sector-Specific Challenges and Opportunities

Automotive Industry: Navigating a Bumpy Road

The automotive sector is often seen as a manufacturing bellwether. Its current challenges provide insights into the broader industry trends.

Pharmaceuticals: A Dose of Reality in the Manufacturing Mix

The pharma sector has its unique set of challenges, but also opportunities, especially in times of global health concerns.

Competitive Landscape: Keeping Up with the Joneses

Local vs. Global: The Competitive Conundrum

Manufacturers must constantly balance the act of competing on a global scale while catering to local market nuances.

Mergers and Acquisitions: Consolidation for Survival

In a bid to stay afloat and competitive, many manufacturing entities resort to M&A activities, impacting the overall industrial sales landscape.

Fiscal Policies: The Government’s Hand

Tax Incentives and Subsidies: Sweeteners for Growth

Government incentives can either spark growth or lead to dependency. Their role in shaping industrial sales is significant.

Interest Rates and Lending: The Financial Pulse

The cost of borrowing can determine investment and expansion decisions within the manufacturing sector, influencing sales figures.

Supply Chain Dynamics: The Domino Effect

Logistics and Distribution: The Backbone of Manufacturing

Efficient logistics are vital for timely delivery and cost management in manufacturing, affecting overall sales.

Supplier Relationships: The Ties that Bind

Strong supplier relationships can be a buffer during times of uncertainty, helping maintain steady industrial sales.

Forecasting and Future Outlook

Economic Indicators and Predictive Analytics

Forecasting is part science, part art. Manufacturers rely on economic indicators and predictive analytics to make informed decisions.

Adapting to Change: The Survival Instinct

Adaptability is key in manufacturing. As the sector faces a downturn, the ability to pivot could mean the difference between surviving and thriving.

Expert Opinions and Analysis

Insider Insights: Learning from the Veterans

Veterans in the field offer invaluable insights that can shed light on the path forward for the manufacturing sector during sluggish times.

Analytical Perspectives: Data-Driven Decisions

In the world of manufacturing, data is king. Analytical perspectives can guide strategy and improve sales outcomes.

The International Arena: A Global Perspective

Trade Wars and Alliances: The International Chess Game

International relations play out in the manufacturing arena, with trade wars and alliances shaping the industrial landscape.

Export Markets and Currency Fluctuations

Export markets are vital for manufacturing growth. However, currency fluctuations can either enhance or erode sales margins.

Consumer Behavior and Market Trends

The Digital Consumer: E-Commerce and Manufacturing

The rise of e-commerce has transformed consumer behavior, which in turn affects manufacturing and sales strategies.

Market Trends: Riding the Wave of Change

Manufacturers need to keep a finger on the pulse of market trends to anticipate changes and adjust their strategies accordingly.

The Sustainability Question

Green Manufacturing: The New Imperative

Sustainability is no longer a choice but a necessity. How the manufacturing sector responds to this imperative can affect its sales trajectory.

Circular Economy: Rethinking Production and Consumption

The circular economy model could be the answer to some of the manufacturing sector’s current woes, promoting sustainability and potentially improving sales.

Concluding Remarks: Navigating Through the Fog

As we’ve journeyed through the multifaceted aspects of the manufacturing sector and its impact on industrial sales activity in the third quarter of 2023, it’s clear that the path ahead is layered with complexity. Yet, within this intricate maze lie opportunities for innovation, growth, and rejuvenation.


Q: What has caused the slowdown in industrial sales in 3Q2023? A: A combination of economic headwinds, fluctuating consumer demand, and supply chain issues, among other factors, have contributed to the slowdown.

Q: How do global uncertainties affect the manufacturing sector? A: Global uncertainties can create a cautious business climate, impacting investment, production, and ultimately sales.

Q: Can technology and automation impact industrial sales? A: Yes, while they improve efficiency, they also change workforce dynamics and can have a short-term dampening effect on sales.

Q: Why is investment in R&D crucial for manufacturing? A: R&D fuels innovation, helping manufacturers stay competitive and address market demands, which in turn influences sales.

Q: How important is skilled labor to the manufacturing sector? A: Skilled labor is critical as it directly affects the quality and quantity of production, and hence, sales.

Q: What is the outlook for the manufacturing sector moving forward? A: While the current outlook is challenging, there is potential for recovery through innovation, adaptability, and strategic investment.


Navigating through the latter part of 2023, the manufacturing sector’s sluggishness is more than just a phase—it’s a reflection of the myriad challenges and transitions the industry faces. With strategic focus and resilience, the sector can revitalize itself, harnessing innovation and embracing change to reignite industrial sales activity. The journey ahead may be intricate, but with each challenge lies an opportunity to redefine and revitalize an industry that remains a cornerstone of the global economy.

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Hey there, property aficionados! Have you been keeping tabs on the latest buzz in the real estate market? The future of the Asia-Pacific’s multi-family properties looks brighter than ever, and here’s a bite-sized scoop on what you need to know.

Asia-Pacific’s Rising Multi-Family Investments

The Current Scenario: Setting the Stage

Asia’s booming population, coupled with urban migration, has paved the way for an insatiable demand for housing. “But what does this mean for investors?”, you ask? Hold onto your hats, because it signifies an emerging gold mine of opportunities!

Double the Growth, Double the Opportunities

Recent projections by JLL suggest that the multi-family investment market in the Asia-Pacific region could potentially double by 2030. Yep, you read that right – double! This isn’t just another tall tale; the numbers are here to back it up.

What’s Driving This Surge?

Several factors are at play here. A burgeoning middle class, shifts in housing preferences, and favorable government policies are creating a ripe environment for investors. Is this the next big thing? The tea leaves seem to say so!

The Catalysts Behind the Boom

Asia’s Growing Middle Class: A Prime Factor

With more disposable income than ever, the middle class is scouting for top-notch housing options. They’re ready to pay a premium, and developers are all ears. What’s the mantra? “Quality over quantity”, and boy, are they sticking to it!

Changing Housing Preferences: The Modern Twist

Gone are the days when owning a vast estate was the ultimate dream. The modern Asian dweller now craves community living, shared amenities, and, yes, even co-living spaces. The tide is turning, and savvy investors are riding the wave.

Government’s Role: Making It Rain Benefits

Government policies in various Asia-Pacific countries have been tilting in favor of multi-family investments. Think tax incentives, zoning regulations, and favorable loan terms. The government’s in the game, and it’s playing to win!

Navigating the Investment Waters

Key Markets to Keep an Eye On

Which countries should be on your radar? Japan, Australia, and South Korea are leading the charge. They’re setting the tone, and other countries are catching the drift. Time to update that investment portfolio?

Potential Risks: It’s Not All Rosy

Every silver lining has a cloud, and the multi-family investment sector is no exception. Interest rate hikes, regulatory changes, or even global economic downturns could rain on this parade. So, what’s the advice? Diversify, diversify, diversify!

Frequently Asked Questions (FAQs)

1. Why is the Asia-Pacific multi-family property market booming?
Rapid urban migration, a burgeoning middle class, and favorable government policies are primarily responsible.

2. Which countries should investors focus on?
Japan, Australia, and South Korea are currently the frontrunners in this sector.

3. What are the potential risks involved?
Interest rate fluctuations, regulatory shifts, and global economic challenges could impact investments.

4. Are there any emerging trends to watch?
Absolutely! The rise of co-living spaces and community-focused amenities are gaining traction.

5. How crucial is government support in this scenario?
Immensely. Government policies can make or break investment opportunities in the sector.

6. Is diversifying investments the key?
Absolutely! As the old saying goes, “Don’t put all your eggs in one basket.”


To wrap things up, the Asia-Pacific multi-family property sector is poised for a dramatic rise, with JLL forecasting a potential doubling by 2030. While the road ahead looks promising, investors should be wary of potential pitfalls and keep a diversified strategy. The future is bright, but as always, it pays to be prepared. Happy investing!

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The EdgeProp Singapore Excellence Awards (EPEA) 2023 has unveiled the People’s Choice Award across three distinct categories: completed and uncompleted residential projects, and a novel hospitality segment. An impressive 9,000 votes were cast this year through an inclusive online voting system accessible to the general public, marking the highest turnout in the awards’ seven-year history.

Among the nearly 50 participating projects, the standout winner in the “Uncompleted” category was Tembusu Grand. This remarkable development, jointly orchestrated by two esteemed property developers, City Developments Ltd (CDL) and MCL Land, boasts 638 units and finds its home on Jalan Tembusu, adjacent to Tanjong Katong Road in prime District 15.

Tembusu Grand signifies the third successful collaboration between CDL and MCL Land, following the 405-unit Piccadilly Grand private condo in Farrer Park and the 639-unit Copen Grand executive condo in Tengah, both of which were launched last year and swiftly achieved 100% occupancy.

Since its launch in early April, Tembusu Grand has already achieved an impressive take-up rate, surpassing 58% as of the end of September, with an average price of $2,462 per square foot. The development enjoys proximity to the vibrant neighborhood of Tanjong Pagar on the East Coast, offering a diverse array of traditional eateries, cafes, bakeries, restaurants, and shopping malls like I12 Katong and Parkway Parade.

For families with school-age children, the presence of schools such as Kong Hwa School and Tanjong Katong Primary School within a 1km radius is an added advantage.

Inspired by nature, Tembusu Grand’s design was conceived with the “shape and texture of the Tembusu heritage trees” in mind, according to Markus Cheng, associate partner of ADDP Architects, the project’s design architect. Situated on a rectangular 210,619 sq ft, 99-year leasehold plot, the development maximizes its potential with four blocks ranging from 20 to 21 storeys in height, offering stunning panoramic views. Tembusu Grand proudly holds a Platinum Super Low Energy certification, the highest honor under the Building and Construction Authority Green Mark rating for sustainability.

Key features of the project include a grand arrival and drop-off area, two clubhouses, and a lantern-like clubhouse with expansive glass windows that offer breathtaking views of the 50m infinity swimming pool and beautifully landscaped grounds. The development boasts a range of amenities, including a gaming room, karaoke pod, entertainment and function rooms, a tennis court, co-working spaces, a barbecue pavilion, and a children’s play area.

Interior design firm Park Avenue Designs extends the Tembusu tree theme from architectural design to the sales gallery and show flats, incorporating a striking artwork of a Tembusu trunk in the sales gallery.

In the design of the three show flats, Park Avenue has cleverly focused on meeting the diverse needs of homebuyers. These spaces showcase flexibility and multi-functionality, demonstrating how two-, three-, or four-bedroom units can be tailored to individual preferences. For instance, the two-bedroom show unit transforms the common bedroom into a child’s room with a loft for sleeping and a play and study area on the first level, utilizing the staircase as storage space. The three-bedroom show flat highlights the conversion of balconies into private gyms or fitness areas, maximizing underutilized spaces. The four-bedroom unit’s wide frontage and expansive balcony, coupled with dry and wet kitchens, make it an ideal setting for at-home entertainment.

J'Den brochure

The annual EdgeProp Singapore Excellence Awards witnessed an impressive participation of about 9,000 votes from the public, and it is with their resounding endorsement that MeyerHouse, a freehold condominium, has earned the esteemed People’s Choice award for completed residential projects. Gracefully situated at 128 Meyer Road within the prestigious Marine Parade, this development is a jewel in the coveted Katong district, offering close proximity to the pristine East Coast Park beach. Nestled on a sprawling one-hectare plot within a landed housing zone, MeyerHouse comprises 56 units, making it a rare and distinguished gem in Singapore’s real estate landscape.

J’Den brochure in-depth review, this is the best option for investors and homeowners looking for a convenient and affluent living in the heart of Singapore.

Developed in a fruitful partnership between UOL Group and Kheng Leong Co, this prime District 15 project reached completion last year, unveiling its 56 spacious units. Among these, you’ll find a harmonious blend of 10 three-bedroom apartments, each generously spanning between 1,862 and 2,013 sq ft, and 40 four-bedroom residences, ranging from 2,820 to 3,315 sq ft. Completing this luxurious ensemble are six duplex penthouses, each graced with five bedrooms and extending from 5,662 to 5,683 sq ft. MeyerHouse’s expansive living spaces cater to discerning homeowners who value privacy, desire spacious abodes in land-scarce Singapore, and seek the serenity of natural surroundings and captivating vistas.

The property’s design is a testament to architectural excellence, crafted by the renowned local architectural firm Woha, celebrated for their expertise in tropical architecture and urbanism. MeyerHouse’s exceptional location near the East Coast Park coastline and verdant parkland enhances its architectural brilliance. Residents are treated to panoramic views of the development’s gardens, which gracefully flow into the neighboring park and cascade down to a serene water courtyard.

The lush greenery at MeyerHouse was meticulously crafted by Singapore-based landscape architecture studio Ramboll Studio Dreiseitl, now known as Henning Larsen. Drawing inspiration from the English countryside, the designers have sculpted a landscape adorned with neatly trimmed hedges, soft grasses, and vibrant flowering shrubs, creating a colorful tapestry across the garden. This harmonious integration with the natural surroundings enhances the visual appeal.

The centerpiece of the garden is the Eucalyptus Deglupta, a Heritage Tree from Katong Park with a striking rainbow-colored trunk. This iconic tree adds to the garden’s charm and visual interest. Committed to community enhancement, the developers have undertaken the upgrade and beautification of the adjacent public park, Meyer Road Playground, by installing new fitness equipment and a playground. This initiative has enriched the park’s social value, benefiting both the Meyer Road community and the wider public.

MeyerHouse’s exceptional design and commitment to greenery have earned it the prestigious Design of the Year award at the Singapore Institute of Architects’ Architectural Design Awards 2022.

In addition to its design excellence, MeyerHouse prioritizes privacy by offering dedicated lifts and private entrance lobbies for each unit, providing a seamless transition from the carpark to the apartments. Four-bedroom units and penthouses enjoy the privilege of dedicated attached private parking spaces. Leveraging the low-rise nature of the surrounding development and the adjacent natural park, MeyerHouse creates a haven of privacy, shielding residents from the prying eyes of neighboring condos and ensuring maximum separation between units.

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The design of a condo is a process that is heavily influenced by the characteristics of a particular site. When planning a project, developers must work within the limits of the site and devise designs that maximize efficiency, while making homes appealing for buyers.

The Continuum The Continuum, the forthcoming condominium project by Hoi Hup Realty and Sunway Developments is an excellent illustration of developers coming up with innovative strategies to get around site restrictions. The development’s site includes two freehold land parcels located that lie on either end of Thiam Siew Avenue, a tranquil lane that runs within Haig Road and Tanjong Katong Road in District 15. Prior to the sale, site was home to prewar bungalows as well as semi-detached houses. The total area of 263,794 sq feet.

J’Den layout with a variety of communal facilities, a refreshing swimming pool and ample underground parking.

The developers had purchased two plots in a block at $815 million the month of November 2021. The plots are within walking distance of the two MRT stations – Paya Lebar Interchange MRT Station (for the East-West and Circle Lines) as well as Dakota MRT Station on the Circle Line The sites are within walking distance of amenities in the close Paya Lebar, Joo Chiat and Katong areas.

Many speculated that they would be able to predict whether the group of developers would open two condos in separate buildings or buy the road in order to build a bigger, unified site The answer came just a year and half later, after Hoi Hup and Sunway previewed The Continuum in April.

Together in conjunction with P&T Architects, the developers strategy was to build a mega-development that includes the plots connected via an overhead bridge for pedestrians. Each plot, which is designed as a self-contained unit with three residential towers that will have 408 units. They will be referred to as”the North as well as the South condos, each plot will have an individual entrance, drop-off location as well as basement parking. Together both sites will be home to eight16 houses.

The overhead bridge connecting the two sites is constructed starting from the deck with a landscaped design at the North plot, and continues to the clubhouse located on the South plot. The bridge, which runs through the gardens and a bridge that is elevated over pools, has been intended to become a brand new landmark in the neighborhood.

Tang Kok Thye, associate partner at ADDP Architects and one of the EdgeProp Singapore Excellence Awards (EPEA) judges, regards the bridge as an attractive solution that lets residents take advantage of both plots’ sprawl.

He attributes the inventiveness that this concept has to the Continuum’s performance during The EPEA last year when it won the prize for top development. The Continuum also received the top prizes for Landscape Excellence as well as marketing Excellence as well as Showflat Excellence.

Hoi Hup Hoi Hup and Sunway together won the EPEA’s debut Top Sustainable Developer title. This award category is a way to recognize developers who have the highest scores for their projects using a sustainability scoring system devised by CPG Corp that follows BCA Green Mark 2021 ratings requirements. Terra Hill, Hoi Hup and Sunway’s condo with 270 units located at Yew Siang Road was the highest-scoring development of the year’s EPEA submissions and was being followed by The Continuum.

New and old are merged
Thiam Siew Avenue is named in honor of the late property hotelier and tycoon Wee Thiam Siew. A renowned professional, Wee served as the chairman of the tobacco dealership Ban Leong & Co. He also was the owner of The New 7th Storey Hotel located on Rochor Road, the Lion City Hotel (situated in the intersection between Geylang as well as Tanjong Katong Roads) and the Hollywood Theatre on Tanjong Katong Road.

Wee built rental homes at Thiam Siew Avenue before the war. After his death in 1972 and the properties located at Thiam Siew Avenue passed to his heirs. The Wee family then sold the properties comprised of two freehold plots of residential land and 25 houses – in the name of Hoi Hup as well as Sunway.

Be aware of the past of the property and history, the joint developers kept the name Thiam Siew Avenue and selected one of the original bungalows constructed before World War II to conserve. The bungalow is named the Thiam Siew House, the bungalow is now being transformed into a clubhouse located on the North parcel, which will include amenities including a library and an event room.

Thiam Siew House is a striking contrast to the Continuum’s second clubhouse located on the South lot. The design was inspired by a glowing lantern The two-storey clubhouse dubbed The Glass House has a contemporary design that features angular lines as well as high-pitched windows. The distinct design of the clubhouses was deliberate, indicating an interconnection between the old and the modern at the time of time of the development.

A wide range of facilities for living
Residents can take advantage of numerous condominium facilities on both sites each one with its own pool, gardens playgrounds, clubhouses, and other amenities. Each site also features their own private rooftop gardens offering amenities such as hot tub, jacuzzi as well as an outdoor lounge and fitness center. “The sites are shared, however, they are also independent,” declares EPEA judge Tang and adds that this makes it easy for those living within the plots.

It was made sure that every site differs and offers everyone a broader selection of amenities for living. For instance In The North Condo, Thiam Siew House is the center of attention for the “Heritage Zone” that offers tranquil landscape and decor that is that is influenced by the rich history of the Katong region. The property also has an “Wellness Zone” surrounding a 33m lap pool, which includes an outdoor jacuzzi and barbecue as well as an “Fitness Zone” with additional pools as well as jacuzzis, a multi-purpose lawn.

The South plot is a bigger “Play Zone” featuring a multi-purpose recreational court, and the Glass House includes a sound space that is ideal for parties with karaoke. Additionally to that, South condo’s South condo’s two pools provide a range of aquatic features, including Vichy shower beds and hydrotherapy features to 50m lap pools and an area for children to splash around in. The wide range of amenities offered in the various zones is a reflection of the diverse lifestyle preferences of the residents.

Signature and Prestige homes
The developers have thought-provoking plan extends to the style of the residences in The Continuum. The apartments are split in two distinct collections: The Signature and Prestige units. The Signature units start from one-bedroom-plus-study units of 560 sq ft, ranging to four-bedroom apartments of up to 1,518 sq ft. The Signature models that are selected come with an extra foyer or dry kitchen.

The Prestige units are the three-bedroom-plus-study, four-bedroom-plus-utility and five-bedroom units, ranging from 1,227 to 2,282 sq ft. Apart from offering bigger homes, Prestige units will also come with private lift access, wood flooring in bedrooms, as well as marble floors in living and dining rooms. The master bathrooms will also be completely decorated with marble as well as the beds of four and five coming equipped with walk-in wardrobes.

The Continuum has a variety of units. The Continuum come with a storage area, a cabinet of full height close to the entrance that is home to the distributor board and the shoe rack. The master bedrooms are designed to fit a queen-sized bed and come with an open-plan wardrobe that extends to the ceiling as well as a full-height mirror, as well as a built-in side dresser. The majority of bedrooms can accommodate one queen-sized bed.

The apartments are equipped with appliances for the kitchen from V-Zug, refrigerators that is made by Samsung along with bathroom fixtures that are made from Laufen as well as Gessi. The apartment is also outfitted with smart home features including the video doorbell, as well as smart air conditioners in the living area and the master bedroom. These can be controlled via an app.

Marketing that is well-rounded
In addition to its careful design and preparation, the judges at this year’s EPEA acknowledged The Continuum for its marketing initiatives. Hoi Hup and Sunway harnessed an integrated marketing strategy that promoted growth of the business through multiple media, including radio, print, online and television as well as alternative media.

The strategy was coupled with a stunning sales gallery to show off the project. The developers have invested more than $6 million in the construction of the gallery that spans two floors. The model in scale is located in the middle of the main gallery, with an imposing ceiling with two volumes. Two showflats are available for those who are Signature models on the ground floor as well as two showflats that are for the Prestige units are on an upper floor. A large lounge area that has ample seating for potential homeowners and agents is accessible.

Through its sales efforts The condo recorded 226 (26.5%) units sold in its opening weekend, the 6th and 7th of May. On September 25, caveats filed with URA indicate that 269 units were sold for an average of $2,737 psf.

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The property is situated at the top of a hill, in the dense forest Kent Ridge Park is luxury freehold condo Terra Hill, that has captured the hearts of the judges with it to win the Sustainability Award in the EdgeProp Singapore Excellence Awards (EPEA) 2023. It is located in the vicinity of Yew Siang Road in Pasir Panjang The luxury property achieves a balance between design and environmental sustainability. The eco-friendly facilities and design elements are in harmony with the natural surroundings including the park and the adjacent Greater Southern Waterfront. The condo also has a green area ratio of 8.40.

J’Den singapore price for the acquisition of the former JCube Mall by CapitaLand, Singapore’s leading property developer, this new residential development offers residents unparalleled convenience.

Terra Hill is located on the site that was once home to the former Flynn Park condo. It has a net floor space of 314,490 sq feet and includes nine 5-storey blocks that comprise 270 units. They include two- and three-bedroom apartments that range from 624 to 1,335 square feet; four-bedders ranging from 1 302 to 1,862 square feet plus five-bedroom penthouses with 3,035 square feet.

Although construction is still in progress and progressing, over a third of the condominium’s units have been sold. At the time of the official launch of the project on Feb. 25 and 26, joint venture co-owners Hoi Huup and Sunway Developments sold 102 units. Based on caveats filed in September 22nd, the total of 105 units had been sold, resulting in an average take-up of 38% and an average of $2,670 per sq ft.

Green building

Associate Partner of ADDP Architecture Tang Kok Thye, one of the judges for EPEA 2023 The statement reads: “The sustainability of a building is based on its processes like air conditioning and lighting system as well as how they save power.” In the same vein, Terra Hill provides energy-efficient five-tick air conditioning in its buildings and electric vehicle parking. The condo also has solar panels to help cover the power requirements for common areas. The condo also offers an electronic waste bin for electronic and electrical appliances that have been disposed of.

Sustainability also plays a significant role in the landscape of the development that was developed by the landscape designer STX Landscape Architects. The project takes advantage of the rugged terrain that lie in the mountains to form a terraced, sloping landscape that includes five distinct landscape zones. The site is maximizing its location near its Greater Southern Waterfront by dotting the vantage points with 5 distinct spaces for community use that have the lush vegetation that covers its landscape. To add to its lush greenery are lakes that resemble lagoons and streams that cascade water features over the entire landscape. The result is a style which seamlessly integrates Terra Hill with its surrounding natural landscape and features amenities which mimic the natural elements that are found in a forest hill area.

Strong biophilic design

The design was created by architectural firm P&T Consultants with biophilic principles in mind, influenced by the hills and the natural surroundings Hoi Hup Realty’s chief manger Koon Wai Leong. He adds that Terra is a reference to “earth”. “There was a quick recognition of the lush and green environment which Terra Hill sits on. We made the decision early to develop an original landscape design by terracing the zones of the landscape from low to high in order to reflect that of the surrounding terrain.” But the secluded site was a challenge for our team to deal with. “The terrain was an excellent element, but it also created an enormous challenge during the building. There were a lot of resources been gathered to work on the sloped terrain.”

Beyond the design The eco-conscious idea extends to encouraging the development of ecologically sustainable natural surroundings. This is accomplished by planting native plants across Terra Hill to create green areas and pathways which lead to the adjoining Kent Ridge reserve for birds as well as butterflies and other insects. The species, colors the textures, and shapes of plants have been carefully chosen to fulfill the dual goals of encouraging ecological harmony as well as supporting the overall green design for the entire project.

Terra Hill takes “going green” literally by offering a range of natural colors for its apartments. Inside, the units are clean and have neutral shades like warm greys and deep browns as well as some charcoal grey. To complement the natural hues and textures, the right materials were chosen to construct the structures, like natural wood and stone. Buyers of homes will be able to take advantage of Terra Hill’s innovative approach to creating a biophilic style and luxurious living once the project is finished in 2026. be completed in 2026.

J'Den sales gallery

A collection of strata office units located at Sunshine Plaza, an open-air development located in the Bras Basah-Bugis region available for sale via an expression of Interest (EOI) procedure. The portfolio is comprised of 12 office units that have dimensions ranging from 484 sq ft to 1,346 square feet and a total space of 9805 sq feet.

J’Den sales gallery an opportunity to create an exceptional development that takes full advantage of the upcoming transformation in Jurong Lake District.

The estimated price of office spaces starts at $932,000 and goes up, with the entire portfolio being sold at a asking cost of $18.4 million.

“The portfolio comprised of 12 units provides buyers the option of purchasing units according to their needs and investors can get yields ranging from 3.5% onwards for selected owners and tenants can find units to take possession immediately,” says Sophia Lim director of capital markets and investment sales in Savills Singapore.

Sunshine Plaza is a mixed-use development situated at the intersection between Bencoolen Street as well as Middle Road, within the Ophir-Rochor Corridor. It consists of an office tower that is 12 stories high as well as a retail plaza and three residential blocks that contain 160 housing units. The development is located within walking distance to five MRT stations: Bencoolen (one-minute walking), Bras Basah (three-minute walk), Rochor (seven-minute walk), Bugis (10-minute walk) and Dhoby Gaut (10-minute walk).

The EOI submission process for the portfolio will end on November 21 at 3pm.