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The residential site at Zion Road (Parcel A) has been awarded to a joint venture between CDL and Mitsui Fudosan. Key details: 99-year leasehold, 15,276.80 sqm site area, 85,551 sqm GFA, 1,170 private residential units, first-storey commercial component, 20,000 sqm for long-stay serviced apartments, tender price $1,106,890,000 ($1,202 psf ppr).

## Pavilion Square - Freehold, good location, near MRT stations. - Sale prices: $1,380-$1,632 psf, avg $1,537 psf. - Rich in amenities, 5.9% rental yield. ## Goodview Apartments - Freehold, completed in 1994. - Affordable, lacks modern amenities, no recent transaction data. ## Primedge - Sale prices: $1,523-$1,541 psf, avg $1,532 psf. - Stable pricing. ## The Sanctuary @ Geylang - Newer, larger units, lacks condo facilities. - Potential for negotiation.

Chris Archibold, Country Head of JLL Singapore since January 2021, is leaving in April 2025. He has over 21 years with JLL, significantly growing the firm's office leasing business and providing insights on the market, including COVID-19 impacts. Michael Glancy will succeed him.

The premium for freehold properties over leasehold properties in Singapore varies by property type and location. For landed properties, the PSF price premium increased significantly from $28 in 2001 to $514 in 2021. For non-landed properties, the average unit price premium narrowed from 35% in 2001 to 21% in 2021, but the PSF price premium increased from $170 to $313. Freehold properties generally command premiums of 4% to 10% over leasehold properties with 80-99 years remaining.

Understanding CPF contributions is crucial for using CPF funds for mortgage payments or housing expenses. CPF contributions are based on total wages (Ordinary and Additional Wages) and vary by age. For employees aged 55 and below, the rates are 17% for employers and 20% for employees. Contributions are capped at $7,400 monthly wages from January 1, 2025.

The maximum CPF usage for mortgage payments in Singapore varies by property and loan type. For HDB flats with HDB loans, there is no limit. For private properties or HDB flats with bank loans, CPF usage is capped at 120% of the property's Valuation Limit, subject to meeting the Basic Retirement Sum. Lease considerations may also affect CPF usage.

As of 1 January 2025, the CPF monthly salary ceiling in Singapore is $7,400, meaning CPF contributions are calculated up to this amount. For employees aged 55 and below, the contribution is 20%, or $1,480. The ceiling will increase to $8,000 on 1 January 2026, with the annual salary ceiling remaining at $102,000.

99-year leasehold condos in Singapore appreciate in value in the initial decades due to urban development and demand. Prices remain stable or increase around the 20-40 year mark. The price gap between new and resale condos is narrowing. Recent trends show a rise in private home prices. Profitable buying periods include early stages, mid-lease, and market downturns.

Midwood in Bukit Batok has transaction prices ranging from S$1,652 psf to S$2,078 psf, with an average of S$1,926 psf. The Botany At Dairy Farm is a newer launch expected to be completed in 2027. District 23 condos have prices influenced by proximity to MRT stations and amenities. Midwood's rental yield is 3.7%.

EdgeProp Singapore offers tools like EdgeProp Analytics app, LandLens, Pro Tools, and Expert plans for real estate professionals. These tools provide features such as agent dashboards, project comparisons, en bloc calculators, advanced research, visualization, prospecting tools, detailed home reports, and condo floor plans.