Month: November 2024

Real estate buying sentiment in Singapore has taken a positive turn in the third quarter of 2024, according to the latest Real Estate Sentiment Index (RESI) released by the National University of Singapore (NUS).

In Singapore, investing in condos comes with a crucial consideration – the government’s property cooling measures. These measures have been implemented over the years to regulate speculative buying and maintain a stable real estate market. The Additional Buyer’s Stamp Duty (ABSD), for instance, imposes higher taxes on foreign and multiple property buyers. While these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a secure investment environment for Singapore Condos.

The RESI measures the overall sentiment of the private real estate market by surveying senior executives of real estate firms on a quarterly basis. It is conducted by the NUS Department of Real Estate and the NUS Institute of Real Estate and Urban Studies (IREUS).

The current sentiment index saw an increase from 4.8 in the second quarter of 2024 to 5.9 in the third quarter, while the future sentiment index also rose from 5.1 to 5.8 in the same period.

Meanwhile, the composite sentiment index, encompassing both the current and future sentiment, rose to 5.9 from 4.9 in the previous quarter. For the first time, all three indices have surpassed the neutral score of 5, indicating a growing optimism in the market.

IREUS director, Professor Qian Wenlan, attributes this positive sentiment to the US Federal Reserve’s interest rate cut in September – the first since 2019 – and another reduction in early November. She also expects further cuts in the future, leading to improved credit availability and lower costs of doing business, which will further boost market sentiment.

Professor Sing Tien Foo, Provost’s Chair Professor at the NUS Department of Real Estate, notes that the performance of the suburban residential, hotel/service apartments, and suburban retail sectors have also contributed to the increase in general market sentiment.

Suburban residential and hotel/serviced apartments recorded the highest current net balances of +35%, followed by suburban retail at +26%. These sectors also have a positive outlook for the future, with suburban residential scoring +29%, while hotel/serviced apartments and suburban retail scoring +35% and +19% respectively.

When considering an investment in a condo, it is essential to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condo rental yields can vary considerably depending on the location, condition of the property, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer better rental yields. To gain a better understanding of a condo’s rental potential, conducting thorough market research and consulting with real estate agents is crucial. Additionally, keeping an eye on new condo launches can provide valuable insights into the market and potential rental opportunities.

However, despite the overall positive sentiment, Prof Sing points out that global economic uncertainty remains the top risk concern for developers, with 67.7% of respondents citing a decline in the global economy as a potential risk. This is followed by job losses, a decline in the domestic economy, and an excessive supply of new property launches, both of which received a ranking of 41.9%.…

Singapore has made its mark on the world stage, coming in as the sixth-highest city in terms of branding according to the latest Brand Finance Global City Index. The index, which is published by Brand Finance, a well-respected brand evaluation and strategy consultancy based in London, ranks cities based on their brand power and perceptions.

The most recent index was compiled after a comprehensive survey was conducted across 15,000 individuals from 20 different countries in September. The respondents were asked to rank 100 cities based on key performance indicators that measure the city’s potential as an ideal destination to live, work, study, visit, retire, and invest in. In addition, the survey also asked respondents to associate specific attributes with each city. These attributes were grouped into seven pillars, including Business & Investment and Culture & Heritage.

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Investing in a condominium (condo) in Singapore offers a multitude of advantages. With its strong demand, potential for capital appreciation, and attractive rental yields, it is a lucrative investment option. However, before diving into it, certain crucial factors must be carefully considered. These include the location of the condo, available financing options, government regulations, and current market conditions. By conducting thorough research and seeking guidance from professionals, investors can make informed decisions and maximize their returns in Singapore’s constantly evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer searching for a stable and profitable investment, condos in Singapore offer a compelling opportunity.

When it comes to investing in Singapore, it is crucial for foreign investors to familiarize themselves with the regulations and limitations surrounding property ownership. Unlike landed properties, which have more stringent ownership rules, foreigners are generally able to purchase condos without much restriction. However, it is important to note that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their initial property purchase. Despite these added expenses, the Singapore real estate market remains a highly attractive investment option due to its stability and potential for growth. In fact, the market continues to draw in foreign investment, with the recent launch of new condos, New Condo Launches, only adding to its appeal.

Singapore’s impressive overall ranking was largely attributed to its performance in the Business & Investment pillar, where it clinched the third spot globally. This pillar takes into consideration factors such as the ease of doing business, the strength of the economy, and the city’s support for start-ups. Singapore also received high marks for its low crime rates and a safe environment.

Alex Haigh, the managing director for Asia Pacific at Brand Finance, believes that Singapore stands out as the “crown jewel” in terms of city branding in the ASEAN region. He goes on to say that with its strong economic growth, investment appeal, and top-notch infrastructure, Singapore has solidified its position as a premier global financial hub.

On an international level, London continues to hold its title as the world’s top city brand, followed by New York, Paris, Tokyo, and Dubai.…

Singapore’s boutique development, K Suites, has set a new record for condo prices measuring $2,443 psf from the sale of an 872 sq ft three-bedroom unit on the fourth floor for $2.13 million on Nov 8. It surpasses the previous high of $2,196 psf set in May 2023 when the developer sold a 1,270 sq ft four-bedder unit on the first floor for $2.79 million. This marks the first time the condo has reached the $2,400 psf mark.

K Suites, a freehold development located along Lorong K Telok Kurau, off Still Road in District 15, is currently under construction and comprises a five-storey apartment block with 19 units. The project is the redevelopment of the former Ji Liang Gardens, a collection of six terraced houses the developer acquired en bloc for $18.6 million in June 2021. It offers a mix of three- to four-bedroom apartments ranging from 797 sq ft to 1,270 sq ft, as well as a four-bedroom duplex penthouse and three five-bedroom duplex penthouses.

Consideration for investing in Singapore Condos also includes the government’s property cooling measures. The Singaporean government has implemented various initiatives to prevent speculative buying and maintain a steady real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the short-term profitability of Singapore Condos, they ultimately contribute to the long-term stability of the market, creating a safer investment environment.

During the same time period, Thomson Three also saw a new high with the sale of a 1,033 sq ft three-bedder on the 19th floor for $2.46 million on Nov 6, translating to $2,379 psf. The seller had purchased the unit in a resale transaction for $1.86 million ($1,800 psf) in Nov 2021, making a net profit of $598,000. This surpasses the previous high of $2,204 psf set in Sept 26 when a similar-sized three-bedroom unit on the 19th floor sold for $2.28 million.

Thomson Three is a 99-year leasehold condo on Bright Hill Drive, off Upper Thomson Road in District 20, with 435 condo units across 21 storeys. Units range from one- to four-bedrooms spanning 495 sq ft and 1,485 sq ft, as well as 10 strata semi-detached houses measuring 3,283 sq ft each. It is within walking distance of the Upper Thomson MRT Station on the Thomson-East Coast Line and close to Ai Tong School (Primary).

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The advantages of investing in a condo extend beyond just owning the property. One major benefit is the opportunity to leverage the condo’s value for future investments. Numerous investors utilize their condos as collateral to secure additional financing for new ventures, thus diversifying their real estate portfolio. This approach can potentially increase profits, but it is important to carefully plan and take into account the potential effects of market fluctuations. Consider incorporating Condo into your investment strategy for long-term success.

On the other hand, 19 Nassim, a luxury condo, saw a new psf-price low of $2,947 from the sale of a 646 sq ft one-bedroom unit on the fourth floor for about $1.9 million on Nov 9. This marks the first time the development has dropped below the $3,000 psf mark, beating the previous record low of $3,001 psf from the sale of a 678 sq ft one-bedroom unit on the sixth floor for $2.03 million on March 22.

Completed in 2023, 19 Nassim is a 99-year leasehold condo on Nassim Hill in prime District 10 with 101 units housed in a 10-storey residential block. Units range from 538 sq ft to 1,830 sq ft and consist of one- to three-bedrooms. According to URA caveats, the development has sold 61 (60%) of its units since its launch in 2020.

In summary, K Suites, Thomson Three, and 19 Nassim have all recorded new highs and lows in psf prices, showcasing the diverse range of options available for buyers in the Singapore condo market.…

In the fast-paced private residential market, investors should consider investing in stable, income-generating assets like HDB shophouses. One such property, located in the mature Toa Payoh neighborhood, has recently become available for purchase.

This HDB shophouse boasts 1,478 sq ft and is situated at 125 Toa Payoh Lorong 1, one of the most centrally located estates in District 12. It is currently listed at $2.88 million and is in a prime location, surrounded by Toa Payoh Lorong 1 and Toa Payoh Lorong 2. Additionally, it is less than 200m from Braddell MRT Station on the North-East Line, which serves approximately 13,000 MRT riders daily.

The shophouse is also in close proximity to various amenities, including Toa Payoh West Market and Food Court, Kheng Cheng School, Toa Payoh West Community Centre, and the Singapore Federation of Chinese Clan Association Building on Toa Payoh Lorong 2. With rejuvenation plans in place for the Toa Payoh estate and several thousand new households moving into the area, the new owner stands to benefit from the transformation of Toa Payoh, including increased pedestrian traffic and a boost in property values.

Aster See, senior marketing director at ERA Realty, exclusively markets this HDB shophouse for sale. She notes that most HDB shophouses in city fringe locations typically offer a rental return of 2-3% based on their sales price. In comparison, the shophouse at 125 Toa Payoh Lorong 1 offers an estimated 4% ROI. This makes it a more attractive investment opportunity for those seeking higher rental returns.

Moreover, the property presents an attractive investment opportunity with an estimated rental yield of 4%. This is competitive in the current market and can provide steady income for investors. Additionally, with potential capital appreciation in the future as Toa Payoh continues to rejuvenate, the long-term ROI of this property could be significant.

Toa Payoh is set to benefit from various government initiatives and schemes to revitalize the mature housing estate. It is one of three neighborhoods selected for rejuvenation under the government’s third phase of the Remaking Our Heartland program, which aims to ensure the sustainability and vitality of HDB towns and estates. Since 2015, plans for Toa Payoh have been progressively implemented, with several geared towards enhancing commercial and recreational facilities. One of the most significant developments is the upcoming integrated project on the site of the former swimming complex, sports hall, and stadium along Toa Payoh Lorong 6.

Singapore offers numerous benefits for those looking to invest in condos, one of which is the potential for capital appreciation. As a thriving global business hub with a robust economy, the demand for real estate in Singapore remains consistently high. This has resulted in a steady increase in property prices over the years, particularly for condos in prime locations. For investors who make strategic purchases and hold onto their properties for an extended period, there is the opportunity for substantial capital gains. Additionally, with the introduction of new condo launches, the potential for capital appreciation is only expected to increase further.

This 12ha integrated development will include new sports facilities, a football stadium, a swimming pool complex, indoor sports halls, sheltered tennis courts, futsal courts, netball courts, and fitness studios. It will also feature national training centers for aquatics, netball, and table tennis, as well as a polyclinic and library. Upon completion in 2030, this development is expected to enhance Toa Payoh’s appeal as an HDB town and drive up foot traffic for shops in the area, including the HDB shophouse for sale at 125 Toa Payoh Lorong 1.

Toa Payoh and the neighboring Caldecott estate will also see rejuvenation through the addition of several thousand new flats. One such project is Toa Payoh Ridge, located at the junction of Toa Payoh Rise and Lorong 1 Toa Payoh. The 920-unit BTO project, launched in February 2020, is less than 300m from the HDB shophouse for sale. Expected to be completed in 1H2025, it consists of four 40-storey residential blocks and sits between Toa Payoh and the upcoming Caldecott estate, earmarked for future residential development.

In 2017, the government announced plans to build new BTO flats on a 10ha plot next to Caldecott MRT Station on the Circle Line, further enhancing the rejuvenation of the area. These new flats will be less than 500m from the HDB shophouse for sale at 125 Toa Payoh Lorong 1. In addition, the URA rezoned a plot at the junction of Toa Payoh Rise and Braddell Rise, previously earmarked for educational use, to residential use in February last year, with a gross plot ratio of 5.0. This suggests a potential high-rise BTO development in the near future.

With these developments in the surrounding areas, the HDB shophouse for sale stands to benefit from increased foot traffic and a broader consumer catchment. As new residential developments rise, the area will attract a wave of new residents, providing an opportunity for the shophouse’s new owner to capitalize on.

Investing in a condominium in Singapore has emerged as a favored option for both local and international investors, thanks to the city-state’s flourishing economy, political stability, and exceptional quality of life. The real estate market in Singapore presents a multitude of opportunities, with condominiums being a highly sought-after option due to their convenience, amenities, and potential for attractive returns. With the emergence of new condo launches, the article will delve into the advantages, factors to consider, and steps to take when investing in a condominium in Singapore.

For more information on this property, please contact Aster See, senior marketing director at ERA Realty, at 98416930.…

by BCAp3m ago

Singapore (EDGEPROP) – The government agency JTC has awarded the tender for an industrial GLS (IGLS) site at Kallang Way to CL Savour Property, a subsidiary of CapitaLand Development. The winning bid of $368.901 million was 14.9% higher than the second highest bid of $317.889 million submitted by a consortium of Soon Hock Group, BHCC Construction and Evermega.

This site, which is the first of its kind to be earmarked for an adaptive reuse of a former industrial building, currently consists of an existing terrace factory that will be retained and adapted for continued industrial use. According to Tang Hsiao Ling, director of urban planning and architecture division at JTC, the integration of adaptive reuse is part of a strategic master plan to sustainably rejuvenate the area and reduce carbon emissions in the built environment, while still preserving the industrial legacy of the site.

One must familiarize themselves with the laws and limitations surrounding property ownership in Singapore when considering investing as a foreigner. While purchasing condominiums is relatively unrestricted for foreign buyers, there are stricter guidelines for purchasing landed properties. Additionally, foreign investors must be aware of the Additional Buyer’s Stamp Duty (ABSD) which currently stands at 20% for their first property purchase. Despite this added expense, the stability and potential for growth in the Singapore real estate market remains a strong draw for foreign investment. You can also explore new condo launches as an option for investment in Singapore.

Investing in a condo in Singapore presents numerous advantages, one of which is the potential for capital appreciation. This small but thriving country is a major global business hub, attracting a constant influx of professionals and entrepreneurs. As a result, there is a continuous demand for real estate, which in turn drives up property prices. In fact, Singapore’s strong economic fundamentals have contributed to a steady increase in real estate prices over the years, particularly for condos in prime locations. Savvy investors who enter the market at the right time and hold onto their properties for the long term can look forward to substantial capital gains.

The 474,772 sq ft site was launched on June 25 as the last of five Confirmed List sites in the 1H2024 IGLS programme. At the close of the tender on Oct 1, it received four bids. The site, which is zoned Business 2 under the master plan, has a maximum allowable gross floor area of 1.23 million sq ft and a 33-year tenure. It is also part of a designated food zone, and the new development will feature food manufacturing spaces and retail uses to add vibrancy to the industrial area.…

The market for condominiums in Singapore remains robust, owing to a variety of reasons, including the limited availability of land. As a result of being a small island nation with a rapidly growing population, Singapore faces a scarcity of land for new developments. In response, the government has implemented strict regulations on land use, creating a competitive real estate market where property prices continue to escalate. As a result, real estate investment, especially in the form of condos, has become an incredibly lucrative opportunity, offering the potential for significant capital appreciation. Individuals considering investing in the Singapore Condo market can anticipate a promising return on their investment. With Singapore Condo being a highly sought-after investment option, the demand for these properties is expected to remain strong.

A coffee shop situated at 253 Choa Chu Kang Ave 1 is currently being offered for sale through an expression of interest (EOI) with a suggested price of $11 million. The shop boasts a spacious area of 2,540 sq ft and is conveniently located within Keat Hong Shopping Centre, a two-storey commercial development by HDB that includes a variety of amenities such as coffee shops, a supermarket, and other shops and stalls.

This property is classified for commercial use and has a 99-year leasehold with a remaining term of 68 years. Positioned on the ground level, it is presently leased to a coffee shop operator and accommodates a total of seven food stalls and one drink stall. A map depicting the location of Keat Hong Shopping Centre can be seen below.

Investing in a condominium in Singapore has emerged as a top pick for both domestic and foreign investors, thanks to the country’s thriving economy, stable political climate, and top-notch living standards. With its flourishing real estate market, Singapore presents a plethora of investment opportunities, and among them, condos are a standout option. These properties offer convenience, amenities, and the potential for attractive returns, making them a wise investment choice. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore. Additionally, don’t forget to keep an eye out for new condo launches that can further enhance your investment portfolio.

According to Jervis Isaiah Ng, the founder of JNA Real Estate, which is a team under PropNex Realty, potential buyers can either choose to operate the coffee shop themselves, renovate and rent it out, or continue with the existing arrangement of leasing it out to coffee shop operators. JNA Real Estate has been exclusively appointed as the marketing agent for this property.

Ng also mentions that there are no living quarters within the premises, meaning that the transaction will not incur additional buyer’s stamp duty.

Keat Hong Shopping Centre is strategically situated within walking distance from the South View LRT Station on the Bukit Panjang LRT Line and the upcoming Choa Chu Kang West MRT Station on the Jurong Region Line, which is anticipated to be completed by 2027. Other amenities in the vicinity include Choa Chu Kang Primary School and the recently revamped Choa Chu Kang West Market.

The expression of interest will be closing on December 22 at 3pm. To find out more about this property, read our related articles below.…

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Singaporean conglomerate Keppel announced on November 19 that it will sell its data centre joint venture to its real estate investment trust, Keppel DC REIT, for $1.38 billion.

The joint venture, which is majority-owned by Keppel’s connectivity division and Cuscaden Peak Investments Private Limited, owns the Keppel Data Centre Campus in Singapore. The campus includes two fully contracted data centres, Keppel DC Singapore 7 and Keppel DC Singapore 8, both of which have 100% occupancy with global hyperscale clients in the cloud services, internet enterprise, and telecommunications sectors.

When considering investing in a condo, securing financing is a crucial factor. In Singapore, there are various mortgage options available, but it is essential to have an understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework regulates the amount of loan a borrower can obtain based on their income and current debt obligations. To avoid over-leveraging, it is important for investors to grasp the concept of TDSR and consult with financial advisors or mortgage brokers. This will help them make well-informed decisions about their financing options. Additionally, keeping an eye on New Condo Launches can also be beneficial when exploring financing options for condo investments.

Funding for the construction of the data centres came from Keppel’s private fund, Alpha Data Centre Fund, its parallel fund, and co-investors.

Keppel DC REIT will acquire a 49% stake in the joint venture and subscribe for two new classes of securities worth up to $1.03 billion, giving the REIT a 99.49% economic interest in both data centres. Additionally, the REIT will have the option to acquire the remaining 51% stake from Keppel in the second half of 2025, which will give it a 0.51% economic interest in the data centres.

If the land tenure lease for the campus is extended to 2050, Keppel DC REIT will pay an additional $350 million to the joint venture’s shareholders. This proposed acquisition is expected to increase the REIT’s distribution per unit by 8.1% and expand its assets under management by 36% to $5.2 billion. It will also increase the REIT’s portfolio to 25 data centres across Asia Pacific and Europe.

Keppel’s share of the divestment is estimated to be around $280 million and includes consideration for the 51% stake in the joint venture and the expected land tenure lease extension. The joint venture also has a vacant land plot for a third data centre, which will be sub-leased to Keppel’s private funds, Keppel DC Fund II and Keppel DC Fund III. Keppel plans to develop the third data centre, KDC SGP 9, with these funds.

Manjot Singh Mann, CEO of Keppel’s connectivity division, highlights the company’s strength as a global asset manager and operator, as well as its integrated ecosystem that provides access to critical resources and strong customer relationships. He adds that this deal will create strong value for Keppel, its private funds, and the REIT.

Loh Hwee Long, CEO of KDC REIT’s manager, is excited about the proposed acquisition, which will generate positive cash flow and immediately increase the REIT’s distribution per unit. He believes that adding these assets to the REIT’s portfolio will increase income resilience and potentially lead to rental upgrades and capacity expansions, solidifying the REIT’s position as one of the largest data centre owners in Singapore.

To summarize, opting to invest in a condo in Singapore presents a myriad of benefits, such as a high demand for properties, potential for an increase in value, and enticing rental yields. Nevertheless, it is crucial to carefully assess critical factors like location, financing options, government regulations, and market conditions. By conducting thorough research and seeking professional guidance, individuals can make well-informed decisions to maximize their returns in Singapore’s ever-evolving real estate industry. Whether you are a local investor looking to expand your portfolio or a foreign buyer seeking a safe and profitable investment, the Singaporean condo market offers an attractive opportunity. Consider exploring Singapore projects to capitalize on this lucrative market.

The proposed transaction is expected to be completed by the end of 2025.…

Frasers Property and its long-time partner, Sekisui House, have announced plans to redevelop Robertson Walk and Fraser Place Robertson. The two companies have formed a joint venture and are set to transform the area into a mixed-use development with 348 residential units, as well as a range of food and beverage options and entertainment offerings. The project is expected to begin next year and is scheduled for completion by the end of 2028.

The redeveloped site will span a gross floor area of 30,664 square meters (or 330,067 square feet), according to Frasers Property. CEO of Frasers Property Singapore, Soon Su Lin, explains that the revitalization aligns with the company’s active asset management strategy. She adds, “We have identified this opportunity to unlock the highest and best use returns for our prime 999-year site in the heart of Robertson Quay.”

Investing in a condominium in Singapore offers numerous benefits, one of which is the potential for capital appreciation. This country’s advantageous position as a global business hub, paired with its robust economy, results in a constant demand for real estate. As a result, Singapore’s property values have consistently risen over the years, with condos in prime locations experiencing substantial appreciation. By carefully timing their investments and holding onto their properties for an extended period, investors can reap significant financial gains. With the added option of Singapore Projects, the potential for capital appreciation in the condo market is even more promising.

When it comes to investing in a condo, financing plays a crucial role. Singapore provides a variety of mortgage choices, but it’s crucial to understand the Total Debt Servicing Ratio (TDSR) framework. This framework places a limit on the amount of loan an individual can take based on their income and current debt obligations. To make well-informed decisions about their financing, investors must familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers. This will prevent them from over-leveraging and ensure a successful investment in New Condo Launches.

Frasers Property and Sekisui House have formed a 51:49 joint venture for the redevelopment, with Frasers Property Group retaining management of Robertson Walk and Fraser Place Robertson until operations cease on May 31, 2025. This collaboration is a testament to the strong partnership between the two companies and their commitment to creating high-quality developments in Singapore. Stay tuned for more updates on this exciting project.…

The Singapore Land Authority (SLA) has recently awarded tenders for two sites located at Henderson Road and Scotts Road. The 98 Henderson Road site was awarded to a joint venture (JV) between TS Group, a dormitory and accommodation provider, and The Assembly Place (TAP), a co-living operator. The JV will work with Crawfurd Silver Care, the geriatric arm of Crawfurd Hospital, to develop the site into a senior co-living facility.

The tender for this state-owned property was launched in June, and closed in August with six bids. The winning bid of $102,888 per month was submitted by the JV, which is 25.5% higher than the second-highest bid of $82,000 per month from Eco Energy, a construction and property development company. Other bids came from ISG Marketplace, Red Crowns Senior Living, Viplas Engineering, and Samwoh Corporation.

The site, formerly a student hostel operated by Yo:ha, spans 77,551 square feet and comprises a four-storey building, a single-storey building, and a guardhouse. It also has eight parking spaces and a total gross floor area of about 40,361 square feet. According to SLA, the site will offer fitted apartment units, sports and recreational facilities, and hobby-focused spaces and programmes.

Singapore is a bustling city with a skyline dominated by towering buildings and contemporary structures. In particular, condominiums situated in highly sought-after locations offer a perfect combination of lavishness and practicality, making them a popular choice for both locals and foreigners. These residences boast a variety of facilities including swimming pools, fitness centers, and security services, elevating the overall living experience and making them an attractive prospect for potential renters and buyers alike. With such desirable amenities, these properties are also a solid investment, promising high rental returns and an increase in value over time. This makes them a top choice for Singapore Projects, attracting a wide range of interested parties.

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A crucial factor to consider when investing in condominiums in Singapore is the government’s property cooling measures. In an effort to control speculative buying and maintain a steady real estate market, the Singaporean government has implemented several measures over the years. Among these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, providing a more secure investment environment. Alongside these measures, exploring options such as New Condo Launches can also be a beneficial approach for potential investors.

In a LinkedIn post on November 18, SLA mentioned that they are also exploring the adaptive reuse of other state properties for different types of co-living environments. These include a potential site with heritage bungalows at Admiralty.

The other site awarded by SLA is located at 31, 31A, and 33 Scotts Road and was given to Heritage At Scotts, a company that curates and manages select F&B brands in Singapore. This site was launched in collaboration with the Singapore Tourism Board and is intended for a creative lifestyle concept such as experiential retail, F&B, wellness, or beauty concepts.

The three colonial-era bungalows sit on a 36,670 square feet plot and have a total gross floor area of about 11,410 square feet. They have a five-year tenure with the option to extend for another four years. According to SLA, the bungalows will be integrated with Heritage At Scotts’ existing offerings in neighboring black-and-white bungalows at 27, 29, 35, and 35A Scotts Road.

The integrated compound will include a dedicated walkway connecting the different properties and landscaped social spaces. Co-living has gained investor interest in Singapore and other countries in the Asia-Pacific region, according to CBRE.…

Acquiring a condominium in Singapore boasts numerous advantageous opportunities, and one of its most prominent advantages is the potential for appreciation in value. With a strategic location as a renowned business center on the global platform, Singapore continues to thrive economically, driving a consistent demand for real estate. This has resulted in a steady incline of property prices, particularly in desirable areas where condos are situated. For savvy investors who enter the market at the right time and hold onto their properties for the long haul, the potential for significant capital gains is highly promising. Additionally, choosing a well-suited condo not only offers a solid investment but also a comfortable and convenient living experience. So, consider investing in a condo for a potentially lucrative and enjoyable venture in Singapore.

CBRE, a leading real estate firm, has announced the appointment of Hugh Macdonald as the new head of capital advisors for Asia Pacific (Apac). Macdonald, who boasts over 20 years of experience in the banking industry, brings with him a wealth of knowledge in investment banking, as well as the real estate, gaming, leisure, and lodging sectors. He joins CBRE from Deutsche Bank, where he held the position of head of investment banking coverage and advisory for Australia and New Zealand.

When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. Rental yield refers to the annual rental income in relation to the purchase price of the property. In Singapore, rental yields for condos can greatly vary depending on factors such as location, condition of the property, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer more favorable rental yields. It is wise to conduct extensive market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a specific condo. By doing so, investors can make informed decisions about adding a Condo to their portfolio.

Reporting to Leo van den Thillart, global head of investment banking, and Greg Hyland, head of capital markets for Asia Pacific, Macdonald will be responsible for providing strategic capital advice to clients in the region. Initially based in Sydney, he will later relocate to Singapore in the first quarter of 2025.

In related news, CBRE’s competitor Knight Frank has also recently made a high-profile appointment, naming Virginia Huang as managing director for north and east China. These appointments are a testament to the growing demand for experienced professionals in the real estate industry, and the continuous efforts of firms to strengthen their leadership and expertise.…