Penrose

Over the years, the area surrounding Nava Grove Condo has developed into a bustling hub for professionals seeking diverse job opportunities. With proximity to prominent business parks like One-North, International Business Park, and Jurong Lake District, you can easily access a variety of industries ranging from technology and biotechnology to education and retail. This makes it an ideal location for both residents and commuters aiming to balance work and lifestyle seamlessly.

Overview of Nava Grove Condo Location

Your experience at Nava Grove Condo is enriched not only by its luxurious design but also by its strategic location in Pine Grove, Singapore. Nestled in District 21, this development offers easy access to a vibrant community filled with educational institutions, shopping malls, and parks, making it an ideal residence for families and professionals alike.

Proximity to Major Business Districts

Major business hubs such as One-North Business Park, International Business Park, and the Jurong Lake District are conveniently located near Nava Grove. These areas provide numerous job opportunities across various industries, enhancing the appeal of your new home as a practical choice for career-driven individuals.

Access to Public Transport

Unlike Penrose, Nava Grove Condo residents benefit from excellent connectivity thanks to nearby MRT stations, including Dover MRT Station and Holland Village MRT Station. These transport links make commuting to the city and neighboring districts convenient, providing you with a hassle-free travel experience.

And with the major expressways nearby, you can easily navigate to key locations in Singapore. This accessibility ensures that whether you’re heading to work or exploring the vibrant shopping belt of Orchard Road, you can do so quickly and efficiently, adding to the overall lifestyle advantages of living at Nava Grove.

Job Opportunities in One-North Business Park

Clearly, One-North Business Park is a vibrant hub within proximity to Nava Grove Condo, offering a multitude of job opportunities across various sectors. As a key player in Singapore’s economic landscape, this business park hosts numerous companies in technology, biomedical sciences, and media, making it a prime location for your professional growth. With ample options, you are likely to find a role that aligns with your career aspirations.

Technology and Innovation Roles

Park your ambitions in the rapidly evolving sector of technology and innovation. Companies at One-North are seeking skilled professionals in fields such as software development, data analytics, and artificial intelligence. These roles often come with competitive salaries and opportunities for career advancement within a collaborative environment.

Research and Development Positions

Positions in research and development are vital for driving innovation within One-North. You will find opportunities with leading organizations focused on cutting-edge projects, particularly in the biomedical and life sciences sectors.

Business leaders are continually looking for talented individuals who can contribute to groundbreaking research, from pharmaceuticals to advanced technology solutions. Engaging in R&D roles can lead to significant contributions that not only enhance your skills but also impact the industry’s future. With many companies located within a short distance from Nava Grove Condo, you will have access to a network of professionals and resources that will support your career journey.

Employment Prospects at International Business Park

If you’re considering a move to Nava Grove condo, the nearby International Business Park offers abundant employment opportunities. This prominent business hub provides a vibrant environment for various industries, attracting both multinational corporations and local enterprises. With its close proximity, you can enjoy a short commute to work while immersing yourself in a thriving professional community.

Finance and Corporate Roles

Across various sectors, the International Business Park is home to a multitude of companies that focus on finance, corporate services, and consulting. You can find numerous roles ranging from entry-level positions to management opportunities, providing a pathway for career advancement in a competitive job market.

Logistics and Supply Chain Management

The logistics and supply chain management sector is another significant employment area within the International Business Park. Companies in this field are looking for professionals who can efficiently coordinate and optimize operations, helping to enhance service delivery and reduce costs.

To succeed in logistics and supply chain management, you need to develop strong analytical and problem-solving skills. Positions may include logistics coordinators, supply chain analysts, and operations managers, all of which are important to ensuring smooth business operations. With the growing demand for efficient supply chains in today’s economy, job prospects in this area are expected to remain robust, making it a promising career choice for residents at Nava Grove condo.

Career Options in Jurong Lake District (JLD)

For residents of Nava Grove, Jurong Lake District (JLD) offers an array of job opportunities across various sectors. This vibrant commercial hub, designed to be a smart and sustainable business district, focuses on innovation and growth. You can find roles in technology, finance, and logistics, making it an ideal area for career advancement. Companies in JLD often seek talented professionals, providing a promising landscape for your career development.

Retail and Hospitality Industry Jobs

About the retail and hospitality sectors, JLD is rich with opportunities in shopping malls and service establishments. As a growing commercial zone, you’ll find numerous positions ranging from retail management to customer service roles. The proximity to popular shopping destinations makes it a vibrant location, where you can explore diverse job prospects.

Environmental and Urban Development Careers

Around JLD, the focus on environmental sustainability and urban planning creates ample opportunities in green technologies and architecture. You can engage in projects that aim to enhance urban living while promoting eco-friendly practices. Your skills may be sought after in roles related to urban design, environmental consulting, and resource management.

It is worth noting that the Jurong Lake District prioritizes sustainable urban development, making it an exciting hub for professionals in environmental and urban development careers. You may find yourself working on cutting-edge initiatives that integrate nature into urban design, contributing to a greener future. As businesses strive for innovative solutions, your expertise in sustainability can play a vital role in shaping the area’s growth and ensuring a balance between development and environmental preservation.

Nearby Educational Institutions and Job Potential

Now, if you’re considering living in Nava Grove condo, you’ll benefit from a plethora of educational institutions nearby that not only enhance the community but also offer job opportunities for you in various fields. Whether you’re looking to work in administration or education, the surrounding schools and universities create a dynamic environment fostering both academic and professional growth.

Academic and Administration Positions

Positions in academic administration are abundant within the vicinity, with institutions like the National University of Singapore and Singapore Polytechnic nearby. These schools often seek qualified individuals for roles in admissions, student affairs, and program coordination, providing you valuable avenues to develop your career while supporting the educational landscape.

Research and Teaching Opportunities

On the other hand, teaching positions abound at various nearby schools and tertiary institutions. You may find opportunities to engage with students in subjects ranging from mathematics to social sciences, fostering their academic development.

Another aspect to consider is that several universities and colleges, including Ngee Ann Polytechnic and SIM, offer research positions in diverse fields. Engaging in this work can enhance your expertise while contributing to advancements in education and practical applications in pedagogy, bolstering both your resume and professional network. The proximity of these institutions to Nava Grove presents an attractive proposition for those passionate about education and research.

Startup Ecosystems and Incubators Nearby

Many vibrant startup ecosystems and incubators are located near Nava Grove condo, providing you with ample opportunities to engage with innovative ventures. Notable facilities such as One-North Business Park host a range of tech and creative startups, giving you the chance to explore collaborative business environments that foster growth and entrepreneurship.

Support for New Enterprises

Behind the thriving startup scene, various support systems exist to assist new enterprises in their journey. Organizations offer funding, mentorship, and resources that can help you turn your business ideas into reality. By taking advantage of these supportive programs, you can find the guidance needed to establish a successful venture.

Networking Opportunities

To enhance your connections within the business community, you’ll find numerous networking opportunities available through events and workshops at nearby incubators and coworking spaces. Engaging with like-minded professionals can significantly benefit your startup endeavors.

Nearby venues, such as the Creative Incubator at One-North, often host regular networking events and meetups, allowing you to connect with entrepreneurs, investors, and mentors. These events are excellent for sharing ideas, gaining insights, and possibly forming strategic partnerships, thereby strengthening your position in the competitive startup landscape.

Imagine waking up every morning in a tranquil oasis, surrounded by lush greenery and modern amenities, yet just a stone’s throw away from the vibrant heart of Singapore. Welcome to The Chuan Park, a luxurious residential haven in District 19 that redefines the art of living.

With its sprawling grounds, extensive facilities, and proximity to top schools, shopping malls, and international institutions, this 99-year leasehold development is poised to elevate your living standards in every way. Get ready to experience the epitome of modern comfort and convenience, tailored specifically to your needs and desires.

Project Overview

For those seeking a modern living experience that redefines the standards of comfort and convenience, The Chuan Park is the perfect destination. Located in the heart of District 19, this prestigious development offers a unique blend of luxury, amenities, and accessibility.

Location and Land Details

Landmark developments often begin with a prime location, and The Chuan Park is no exception. Situated along Lorong Chuan, Singapore, this 37,215.60 sqm (400,589 sqft) parcel of land is nestled in a tranquil environment, yet mere minutes away from the city’s vibrant pulse. With a plot ratio of 2.1, the development is poised to become a landmark in the area, offering an unprecedented level of luxury and sophistication.

As you explore the surroundings, you’ll discover a treasure trove of amenities and services, including top-rated schools, shopping malls, and international institutions.

The Chuan Park is strategically located near St. Gabriel’s Primary School, Yangzhen Primary School, and CHIJ Our Lady Of Good Counsel, making it an ideal choice for families. Additionally, the development is close to the Australia International School, catering to the needs of expatriate families.

Development Specifications

Details of The Chuan Park’s development are meticulously crafted to provide a living experience that is truly exceptional. The project comprises 916 units spread across 3 blocks of 22-storey and 2 blocks of 19-storey, offering a diverse range of unit types to suit your unique needs. From 2-bedroom to 5-bedroom apartments, each residence is designed to provide ample space, natural light, and breathtaking views.

The development also features 2 retail shops, adding convenience to your daily life. With a gross floor area of approximately 78,152.76 sqm (841,236.9 sqft), The Chuan Park is a self-contained community that offers everything you need, right at your doorstep.

A hallmark of The Chuan Park is its emphasis on recreation and leisure. The development boasts an impressive array of facilities, including a 50-metre lap pool, relaxation pool, wading pool, children’s pool, indoor gym, tennis court, and a 2-storey clubhouse. Whether you’re looking to unwind or stay active, The Chuan Park has something for everyone.

Residential Units

Assuming you’re looking for a modern living space that exceeds your expectations, The Chuan Park’s residential units are designed to impress.

Unit Types and Configurations

The Chuan Park showflat offers a diverse range of unit types and configurations to cater to different lifestyles and preferences. From cozy 2-bedroom apartments to spacious 5-bedroom units, you’ll find the perfect fit for your needs.

Perceiving the importance of flexibility, the developers have carefully crafted the following unit types:

• 2-bedroom units
• 2-bedroom + study units
• 3-bedroom units
• 3-Bedroom + Study units
• 4-bedroom units
• 5-bedroom units

Unit Type	Approximate Size (sqm)
2-bedroom	60-80
2-bedroom + study	80-100
3-bedroom	100-120
4-bedroom	140-160

Space and Comfort

Just like Penrose, units at The Chuan Park are designed to provide ample space and comfort, making them perfect for individuals, couples, and families alike.

With meticulous attention to detail, the developers have ensured that each unit is equipped with high-quality finishes, modern appliances, and sleek designs, creating a seamless blend of form and function.

With spacious living areas, comfortable bedrooms, and well-appointed kitchens, you’ll feel right at home in your new abode. Whether you’re looking to relax, entertain, or simply enjoy quality time with loved ones, The Chuan Park’s residential units have got you covered.

Education and Amenities

Any homeowner would agree that proximity to good schools and imperative amenities is a top priority when choosing a place to live. At The Chuan Park, you’ll be delighted to know that you’re surrounded by reputable educational institutions and a plethora of amenities that cater to your daily needs.

Nearby Schools

In the matter of your child’s education, you want the best possible options available. Fortunately, The Chuan Park is situated within a 1km radius of three primary schools: St. Gabriel’s Primary School, Yangzhen Primary School, and CHIJ Our Lady Of Good Counsel.

These well-established schools offer a nurturing environment that fosters academic excellence and character development. For families with international students, the Australia International School is also conveniently located nearby, providing a world-class education that prepares your child for a global future.

Imagine having the peace of mind knowing that your child can receive a quality education just a stone’s throw away from home. With The Chuan Park’s strategic location, you can rest assured that your child’s educational needs are well taken care of.

Shopping and Entertainment Options

Amenities abound at The Chuan Park, with a multitude of shopping and entertainment options available at your doorstep. From daily imperatives to leisure activities, you’ll find everything you need within easy reach.

To cater to your daily needs, NEX Mall, AMK Hub, Junction 8, and myVillage at Serangoon Garden are just a short drive away. These popular shopping malls offer a diverse range of retail, dining, and entertainment options that are sure to satisfy your every whim.

Shopping for groceries, picking up a coffee, or catching the latest movie release – it’s all conveniently accessible from The Chuan Park. With such a wide range of amenities at your disposal, you’ll never be short of things to do or ways to unwind in your free time.

Lifestyle and Facilities

To elevate your modern living standards, The Chuan Park offers an array of lifestyle and facilities that cater to your every need.

Recreational Spaces

Facilities such as the 50-metre lap pool, relaxation pool, wading pool, and children’s pool provide endless hours of fun and relaxation for you and your family. Whether you’re an avid swimmer or just looking to unwind, our pools are designed to meet your needs.

For the sports enthusiast, our tennis court and indoor gym offer the perfect spaces to stay active and healthy. Imagine being able to squeeze in a quick workout or tennis match without having to leave the comfort of your own home.

Community Areas and Services

With a 2-storey clubhouse, reading room, and games room at your disposal, you’ll never be short of options for socializing and relaxing. Imagine hosting friends and family for a game night or book club meeting, all within the convenience of your own community.

Our 3 BBQ pavilions provide the perfect setting for outdoor gatherings and celebrations, allowing you to create lasting memories with your loved ones.

The community areas and services at The Chuan Park are designed to bring residents together, fostering a sense of community and belonging. Imagine being part of a vibrant community where you can connect with like-minded individuals and build lasting relationships.

Summing up

With this in mind, you’ve now got a comprehensive understanding of what The Chuan Park experience has to offer. Imagine waking up every morning in a modern, spacious home that’s surrounded by lush greenery and vibrant amenities. Envision having access to top-notch facilities, such as a 50-metre lap pool, indoor gym, and tennis court, all within the comfort of your own community.

Picture your children thriving in one of the nearby reputable primary schools, including St. Gabriel’s Primary School, Yangzhen Primary School, and CHIJ Our Lady Of Good Counsel.

As a resident of The Chuan Park, you’ll be treated to a unique blend of convenience, comfort, and connectivity. With major shopping malls like NEX Mall, AMK Hub, and Junction 8 just a stone’s throw away, you’ll never be short of options for dining, entertainment, and shopping. And when you need to venture further, the nearby transportation links will get you where you need to go quickly and easily.

With its unbeatable location, impressive facilities, and range of unit types to suit your needs, The Chuan Park is the perfect place to elevate your modern living standards in District 19.

As you step into the vibrant heart of Tanjong Katong, you’ll discover a haven of modern luxury that whispers secrets of the past. Welcome to Emerald of Katong, a residential masterpiece that harmoniously blends contemporary sophistication with the rich cultural heritage of its surroundings. Imagine waking up to a world where history meets innovation, where every moment is a testament to refined living. In this exclusive sanctuary, you’ll find yourself enveloped in a world of elegance, where every detail has been meticulously crafted to elevate your lifestyle to unprecedented heights.

A Rich Heritage in Modern Luxury

For those who crave the perfect blend of heritage and modernity, Emerald of Katong is the epitome of luxurious living. This stunning condominium complex seamlessly weaves together the rich cultural tapestry of Katong with the finest amenities and innovative design, creating a truly unique and unparalleled living experience.

Innovative Design and Luxurious Amenities

Modern sophistication meets timeless elegance in the meticulously crafted residential units at Emerald of Katong. With 846 exquisitely designed apartments to choose from, you’ll find the perfect blend of comfort, style, and functionality to suit your lifestyle. From the sleek, contemporary architecture to the lavish amenities, every aspect of this development has been carefully considered to provide you with a luxurious living experience that exceeds your expectations. Imagine spending your days lounging by the pool, working out at the state-of-the-art gym, or hosting gatherings in the elegant function rooms. Whatever your pleasure, Emerald of Katong’s luxurious amenities have been thoughtfully designed to enhance your quality of life and provide endless opportunities for relaxation and entertainment.

Superior Accessibility and Convenience

Luxurious living is not just about opulent amenities; it’s also about convenience and accessibility. At Emerald of Katong, you’ll enjoy effortless travel to major city attractions, thanks to its proximity to public transportation networks. Just minutes from Tanjong Katong MRT Station and Tanjong Katong Bus Stop, you’ll be able to navigate the city with ease, whether for work or pleasure. Superior connectivity is just the beginning. With the Thomson-East Coast Line nearby, you’ll have even greater mobility and flexibility, making Emerald of Katong the perfect choice for urban dwellers who crave a convenient, on-the-go lifestyle. Whether you’re a busy professional or a family on-the-move, you’ll appreciate the ease and convenience that this development offers.

Residences of Distinction

Now, imagine yourself surrounded by the perfect blend of modern luxury and rich heritage, where every aspect of your life is elevated to new heights. Welcome to Emerald of Katong, where you’ll discover a treasure trove of residences that cater to your every need and desire.

Exquisitely Designed Units for Modern Families

The lavish abodes at Emerald of Katong are designed to impress, with 846 exquisite units spread across six majestic towers. From intimate 1-bedroom + study apartments to spacious 5-bedroom residences, each unit is crafted to provide maximum comfort and style, ensuring that you and your loved ones live life to the fullest.

Whether you’re a young professional, a growing family, or an empty nester, you’ll find a residence that perfectly suits your lifestyle at Emerald of Katong. With thoughtful layouts and premium finishes, every unit is a testament to the developer’s commitment to providing exceptional living spaces that exceed your expectations.

Catering to Diversified Needs and Lifestyles

Modern living is all about flexibility and convenience, and Emerald of Katong delivers on both fronts. With a diverse range of unit types and sizes, you’ll find a residence that caters to your unique needs and preferences, whether you’re a busy professional, a family with young children, or a retiree looking to downsize.

Modern urban living is not just about having a roof over your head; it’s about living life to the fullest. At Emerald of Katong, you’ll find a vibrant community that thrives on diversity, where you can connect with like-minded individuals and create lasting memories.

Needs are diverse, and so are the residences at Emerald of Katong. From young couples starting their new life together to multi-generational families, every unit is designed to accommodate your unique requirements, ensuring that you live life on your own terms.

Unparalleled Location and Connectivity

Little wonder that Emerald of Katong has emerged as the most sought-after residential destination in District 15, given its unparalleled location and connectivity. Nestled in the heart of vibrant Tanjong Katong, this luxurious condominium offers you the perfect blend of modern living and rich heritage, making it an irresistible choice for discerning homebuyers like you.

Close Proximity to Public Transportation Networks

Closely linked to the city’s main transportation arteries, Emerald of Katong ensures that you’re always just a stone’s throw away from your desired destination. With Tanjong Katong MRT Station and Tanjong Katong Bus Stop mere minutes away, you can effortlessly travel between various areas of the island for work or pleasure. What’s more, the Thomson-East Coast Line provides you with even greater mobility, making this condominium a convenient place to live on-the-go.

Imagine being able to zip around the city with ease, without having to worry about the hassles of traffic congestion or parking woes. At Emerald of Katong, you’ll enjoy seamless connectivity to the rest of Singapore, making it the perfect choice for busy professionals and families alike.

Easy Access to City Attractions and Recreational Facilities

Any day can be a holiday when you live at Emerald of Katong, thanks to its easy access to a plethora of city attractions and recreational facilities. From the iconic Katong Shopping Centre and I12 Katong to sprawling Parkway Parade, you’ll find endless opportunities for retail therapy and dining delights right at your doorstep.

It’s not just about shopping and dining, though. Emerald of Katong also offers you easy access to a range of recreational facilities that cater to all ages and interests. Imagine being able to explore East Coast Park, cycle along Katong Park Connector, or simply stroll through the heritage-rich Katong Joo Chiat area, all within minutes of your luxurious condominium.

It’s this unique blend of convenience, luxury, and recreational opportunities that makes Emerald of Katong truly stand out as a residential gem in District 15. Whether you’re an avid homeowner looking for your ideal residence or an investor searching for lucrative opportunities, this condominium promises to deliver an unrivalled lifestyle experience that will leave you feeling pampered and indulged.

Elevating the Residential Experience

After immersing yourself in the rich heritage of Katong, you’ll find that Emerald of Katong takes your living experience to new heights. This luxurious condominium offers an unparalleled level of comfort, sophistication, and convenience, making it the perfect haven for discerning individuals like yourself.

Exceptional Range of Amenities for Quality Living

The epitome of luxury living, Emerald of Katong boasts an impressive array of amenities designed to enhance your quality of life. From lounging by the poolside to working out at the state-of-the-art gym, or hosting gatherings in the elegant function rooms, you’ll find that every aspect of your life is catered to. Whether you’re looking to relax, socialize, or stay active, the amenities at Emerald of Katong have got you covered.

Imagine starting your day with a refreshing swim, followed by a rejuvenating workout, and then unwinding with friends and family over a sumptuous dinner party. At Emerald of Katong, the possibilities are endless, and the memories are waiting to be made.

Thoughtfully Planned Luxurious Features

Residential luxury is redefined at Emerald of Katong, where every detail has been meticulously planned to provide you with an unparalleled living experience. From the moment you step into your opulent abode, you’ll be surrounded by luxurious features that exude sophistication and elegance.

With premium finishes, sleek designs, and cutting-edge technology, your home at Emerald of Katong is a true masterpiece. Each residence is carefully crafted to provide maximum comfort, style, and functionality, ensuring that you live life to the fullest.

To truly appreciate the luxurious features of Emerald of Katong, imagine waking up to breathtaking views of the city, stepping into your spacious bedroom, and being enveloped by the warmth and comfort of your own private sanctuary. It’s a feeling like no other, and one that awaits you at Emerald of Katong.

Summing up

Drawing together the threads of luxury, heritage, and convenience, Emerald of Katong presents a treasure trove of experiences tailored to your unique lifestyle. As you step into this oasis of modern living, you’ll discover a world where the past and present blend seamlessly, offering you an unparalleled quality of life.

With its prime location, innovative design, and luxurious amenities, Emerald of Katong is the epitome of sophisticated urban living. Whether you’re a discerning homeowner or a savvy investor, this gem in District 15 promises to exceed your expectations, providing you with a lifestyle that’s truly fit for royalty. So why wait? Visit the Emerald of Katong showflat today and discover the treasure that awaits you.

For sub-sale in Singapore market, you can consider Penrose too, which is going to TOP soon.

A report from the Urban Redevelopment Authority, released on Friday (May 3) indicates that Media Circle land zoned to be used for business parks may soon become available for new housing.

Infinite Studios is located in one-north. A plot that was previously used for business parks has now been rezoned for residential use with commercial on the first floor. The square plot bounded by Media Walk Circle is to be developed at a ratio of 3.7.

Portsdown Road is the site of an irregular shaped parcel, a largely white site, that has been proposed for residential and commercial use. This is still subject to detailed planning.

A fourth parcel in the vicinity is proposed for pure residential use. Four parcels are being considered for residential only use.

URA said that proposed high-density developments would help support housing demand in one-north and will enhance the area into a vibrant district with mixed-use.

Once the plans are ready, the developer will release more information.

Terra Hill

Media Circle began as a media technology business park about 20 year ago.

The nearest MRT station is still a long way away, as are the residential housing estates.

Media Circle has recently seen more residential plots released as part of the Government Land Sales program.

Qingjian Realty was awarded the site in February of this year for S$395m or S$1,191/sqft/plot ratio (psf/ppr). Infinite Studios’ next-door site will be opened in May. It is expected that it will yield approximately 515 homes.

The Hill @ One North, which was built in April of 2024 in the One-North area, sold 43 units the day after it opened for sales. The units were sold on average at approximately S$2,595/sqf. Gao Xiuhua (one of the Kingsford Development owners) bought the site in 2021 for S$162.4million, or S$1,210 psf ppr.

In the one-north area, demand for homes is high. One possible reason could be that the district is located near schools such as NUS and Singapore Polytechnic as well the Science Park area and the one-north area.

This makes one-north a very attractive area for prospective tenants or purchasers who live or work in the region.

Visit us: Penrose showflat

One-north’s supply may have lagged the demand. As a result, rental growth was higher in this area than in Dover.

The estimated number may exceed 1,500 dwelling units.

In March, condo resale prices rose by 17.4%, the highest rate in seven-months, after buyers returned to a market that had been lulled for a few months due to a seasonal slump.

Flash data from SRX & 99.co, released Thursday (25 Apr), showed 883 units resold compared with 752 units in February.

Sales volumes were still 22.8 percent lower year over year (yoy), but they were 12 percentage points lower than March’s five-year volume average.

According to property analysts, the possible reasons for the volume increase include the resumption in launches throughout the month. The result is a spillover on the secondary market.

It is possible that some condo owners bought a new condominium and sold their old one to avoid the ABSD (Additional Stamp Duty) for the second residential property. Some buyers made comparisons and chose a pre-owned condo.

Analysts also reported an increase in the number of purchases by foreigners as the viewings for the Chinese New Year increased.

Several of these viewings might have translated into purchases in March.

Lentor Mansion

In February, data from URA Realis showed that foreign buyers (nonpermanent resident) accounted for 1.3 percent of all resale transactions. This is up from the 0.5 percent in January.

Analysts are concerned that the mismatching of price expectations may have an impact on the transactions, despite the slight rise in activity seen in March.

Observations show that while sellers are generally open to negotiating, they don’t want to drop their price too much, considering the high cost to replace a home.

In addition, the percentage of resale home sales to foreigners rose from 0.5 to 1.3 percent in February. On a monthly basis, 11 resale sales were made to foreigners – six to US buyers, 3 to Chinese, and 1 each to Norway and Switzerland.

In the meantime, resale prices remained tepid, only rising 0.4 per cent in a month, though they were up 5 per cent yoy.

The double hit of rising interest rates and falling rental income for property investors looking to use their investment condo unit’s rental income to cover mortgage payments is the result of both.

Outside Central Regions (OCR) recorded the largest price increases, with an increase of 1.6% in resale.

The higher price growth is not surprising given the increased suburban launches over the last months, and that most new homes were transacted at a median price above S$2,000 per sq. foot.

Resale Prices in the Rest of Central Region RCR grew by 1.2%. Resale price in the Core Central Region decreased by 2.8 percent from the previous period.

All regions have seen an increase in the resale of homes compared with last year. The OCR continued its lead with a gain 7.1%. Next was the RCR which saw prices rise by 5.6%. Finally, the CCR had prices increase by 1.5%.

The RCR was the site of the majority (48.2%) of the transactions. CCR volume accounted for 20.2% of total resale.

It is notable that sub-sale sales accounted for just 8.1% (down 4.3%) of all secondary purchases in February.

SRX & Co. 99.co claimed that this was the lowest percent in the last 12 months.

Sub-sale deals are those made prior to the completion of an undertaking, whereas secondary sales include both resale or sub-sale.

Read also: Penrose condo

The highest sale price for a condo unit in Keppel Beach in the RCR in March was S$8.7million.

The highest price condo sale in the CCR involved an Astrid Meadows unit that sold for S$7.1 Million. For the OCR, a unit at Seaside Residences sold for S$3.4 million.

The median capital gain of resale apartments in March was S$380,000, an increase by S$20,000 compared to the previous month.

The median capital gain for District 11 was S$823,000. Meanwhile, District 1 had a median loss of S$63,000.

District 26 posted the highest median (debt-free), unlevered returns at 63.3 percent, while district 1 reported a median negative unlevered return (5.8 per cent).

Capital gains on a condo-resale are calculated by comparing the price at which the unit was sold to the price it had been sold for in the past. Districts where there are fewer 10 transactions matching the district’s criteria are excluded.