Mar 07, 2026

Summary:

• A record luxury penthouse at Union Square Residences sold for $18.5 million ($3,828 psf), marking the highest price in the development.
• A 3-bedroom unit at St Martin Residence was resold for $4.05 million, yielding a 104.7% profit after 24 years.
• The Lentor Central GLS site attracted a top bid of $1,278 psf from a consortium including GuocoLand.
• Significant commercial transactions include the Goh family’s $73 million purchase of Orchard Shopping Centre retail units, and the Hong Fok family’s $100 million acquisition of Holland Piazza retail property.
• UOL and CDL reported strong financial results, focusing on Marina Square and a pipeline of 2,500 residential units.
• Singapore’s first 60-storey HDB project is planned at Pearl’s Hill near Outram Park MRT, the tallest and first new launch in 40 years in that area.
• Rezoning at Kampong Bugis may affect riverfront views at Kallang Riverside, but prices remain steady.
• Older Jurong East HDB flats maintain value despite lease decay, supported by limited supply and the area’s growth as a commercial hub.
• Women’s leadership is increasingly influential in real estate, with ERA emphasizing mentorship.

Recommended Opportunities:

1. Luxury Penthouse Investments at Union Square Residences: Record prices and developer interest signal strong appreciation potential. Ideal for buyers seeking luxury trophy assets or high-end investments.

2. Upcoming Lentor Central Residential Launches: The strong GLS site bid reflects developer confidence. Early-stage investments here could benefit from area transformation and price growth.

3. Prime Orchard Road Retail Properties: Large-scale acquisitions highlight the enduring value and income potential of commercial assets in this prestigious location. Suitable for investors targeting rental yield and capital appreciation.

4. Pearl’s Hill 60-storey HDB Project: This landmark public housing development near a key MRT station will likely drive demand and elevate nearby resale HDB values.

5. Jurong East HDB Flats: Affordable flats with good value retention due to the area’s commercial growth make this a solid choice for families and investors seeking stable rental returns.

6. Kallang Riverside and Kampong Bugis: While rezoning may impact views, the location’s appeal remains strong. Buyers should negotiate pricing carefully and consider long-term benefits.

Overall Strategy:

Adopt a diversified investment approach balancing:

• High-end luxury properties in prime districts for capital gains.
• Emerging residential developments in growth corridors for entry-level opportunities.
• Strategic HDB and resale flats in mature and evolving neighborhoods for stable returns.

Stay informed on rezoning and master plan changes to identify potential value plays or emerging hotspots.

Stay Well!