Top 10 Most Luxurious Condominium in Singapore

Or the most well-sought after, crème de la crème condominium projects in Singapore as listed by experts from Property Report

Singapore Cityscape. Credits to Pennypoon, Flickr
Singapore Cityscape. Credits to Pennypoon1104, Flickr
  1. St Regis Residences (District 10)
  2. The Sail (District 1)
  3. Orchard Residences (District 9)
  4. Hamilton Scotts (District 9)
  5. Nassim Park Residences (District 10)
  6. Beaufort on Nassim (District 10)
  7. The Ritz Carlton Residences (District 9)
  8. The Edge on Cairnhill (District 9)
  9. Grange Infinite (District 10)
  10. Sentosa Cove’s villas (District 4)

The Demand Has Always Been There

It’s good to know the luxury market is moving, and with the two brand new Integrated Resorts, Resorts World at Sentosa (Genting) and The Marina Bay Sands (Las Vegas Sands), both getting ready, the growth of Singapore’s economy will be tremendous over the next short few years. Foreigners could recognize Singapore’s real estate as potential and safe as government credentials here are sound.

With luxury end condominium, foreigners would not also have to worry about the volatility as the location of these projects are always in good demand, no matter good or bad times. No doubt there’s always a difference in tide and times of real estate economy, these projects are considered limited with the land scarce Singapore.

Singapore Snaps Out of Technical Recession, New Homes Up 9.4% in June.

With Singapore climbs out of technical recession with 20.4 growth percent in Q2 this 2009, the government has also raised its growth forecast for the months to come. With much credits to the government and her people, Singapore is the first Asean country to move out of a technical recession.

Will we continue to fair much better? It seems there’s still much life in our daily lives, trades and walks of live in our own country hasn’t been much affected by claims of the worst recession in years, no doubt we’re in good hands.

Primary New Home Sales Up 9.4% in June

1,825 homes were sold in June, tiding over the figures of May by 9.4%

The fuel mostly came from 8@Woodleigh in Potong Pasir which attributes to 330 units of the sale. The median price sold was at $804 psf. Other residential projects which added the numbers were Martin Place Residence, Nathan Residences, One Devonshire and Vista Residences.

Foreign Investors Back?

Foreign buyers are slowly creeping back into the country as the high-end luxury segment seems to be moving as well. Two units were sold recently at Nassim Park Residences by its developer at above $3,000 per square foot (psf), one of them at $3,813 psf.

In the sub-sale market, a caveat has surfaced for a 37th floor unit at The Orchard Residences at about $3,550 psf last month.

Caveats have also been lodged for transactions of three units at The Ardmore Park at $2,375-$2,513 psf, and for a sub-sale deal at Marina Bay Residences at $2,200 psf in June.

A Possible Start of Another Bubble?

With Singapore snapping out of technical recession in the second quarter, observers said this may inject more confidence in the property sector.

The figures are definitely going to be affected from end of August to mid September onwards because of Chinese Hungry Ghost Festival (20th August – 18th September), but should the momentum continue to swing forward after the period, it could possibly be a strong rally.