Month: March 2025

Singapore’s real estate market offers great opportunities for investors interested in condominium properties. However, before making any investment decisions, one must take into account the government’s property cooling measures. These measures, implemented to regulate speculative buying and maintain a healthy market, include the Additional Buyer’s Stamp Duty (ABSD). This policy targets foreign buyers and those purchasing multiple properties, imposing higher taxes on them. 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 more secure environment for investors. In addition, individuals looking to diversify their investment portfolio can consider exploring the options of new condo launches. These new condo launches offer potential opportunities for growth and expansion in the real estate market in Singapore.

The sizes of show flats have noticeably reduced in the past few years. This can be attributed to our changing perception of space. In the 1990s and 2000s, the average size of HDBs and condos where we grew up was larger. For example, in 1995, the average size of a new condo was 1,272 sq ft, which increased to 1,286 sq ft in 2005, but drastically dropped to 858 sq ft in 2015 and slightly increased to 929 sq ft in 2024. However, this trend can also be attributed to the changing demographics. In 1995, the average household size was four, which decreased to 3.6 in 2005, 3.4 in 2015, and further decreased to 3.1 in 2024.

On a per-household-member basis, the average space was 318 sq ft in 1995, which increased to 357 sq ft in 2005. However, in 2015, it dropped significantly to 252 sq ft before rebounding to 300 sq ft in 2024, a 19% increase. This shows that over the past 29 years, the average size of condos (per capita) has shrunk by 5.7%, which is commendable considering Singapore’s limited land space. This trend would not have been possible without the help of the government’s intervention. In 2008, the introduction of “Mickey Mouse” units in the Rest of Central Region (RCR) made it easier for investors to enter the property market with units as small as 24 sq m (258 sq ft) selling for as low as $375,000. The success of these projects led to the proliferation of “Mickey Mouse” units in the following years, raising concerns about the living environment’s quality.

In response, the Urban Redevelopment Authority (URA) introduced guidelines in 2011 that limited the maximum number of dwelling units (DUs) in a project based on the average size of 70 sq m for projects outside the Central Area. Four areas, namely Telok Kurau, Kovan, Joo Chiat, and Jalan Eunos, were required to have even stricter guidelines of an average DU size of 100 sq m. This took effect in January 2012. Despite this, the average size of DUs continued to decline over the next few years, leading to increased infrastructure strain, particularly in areas with limited road capacity.

To address this issue, the URA tightened guidelines, and in January 2019, the average DU size increased by 21.4% to 85 sq m, including more areas such as Marine Parade, Balestier, Stevens-Chancery, Pasir Panjang, Kovan-How San, Shelford, and Loyang, requiring an average DU size of 100 sq m. This effectively arrested the decline in average DU size, which reached 804 sq ft in 2018 but increased to 935 sq ft in 2024, an increase of 18.8% from 2019’s 787 sq ft. However, the Central Area saw an increase in smaller units being built, which was not in line with the URA’s goal of making it a desirable place to live, work, and play. In response, the URA extended guidelines to the Central Area in January 2023, requiring that at least 20% of DUs have a net internal area of at least 70 sq m.

The most recent guideline change in June 2023 was the harmonisation of the strata area and gross floor area (GFA) definition, which included air-conditioning ledges in the strata area if they were exclusive to a unit, resulting in a decrease in the average DU size by an average of 6%. Across different market segments, the Rest of Central Region (RCR) saw the most significant increase in average DU size, reaching 944 sq ft, a 19.5% increase since 2015. This can be attributed to the stricter control of a 100 sq m average DU size imposed on the RCR. Similarly, the Outside Central Region (OCR) also saw an improvement in average DU size, increasing by 5.8% from 2015 to reach 898 sq ft in 2024. On the other hand, the Core Central Region (CCR) saw a decline in average DU size by 11.7%, reaching 1,092 sq ft in 2024 from 1,236 sq ft in 2015.

Despite the URA’s intervention, the average DU size increased to 929 sq ft in 2024, an 8.3% increase from 2015’s 858 sq ft. However, with the harmonisation of the GFA definition, the average DU size may continue to trend downwards. With the advancement of technology, smart home features have become a standard provision in condos, and home appliances are moving towards the higher end of the spectrum, with brands like Swiss luxury brands becoming common in condo units. This means that buyers are getting better value for their money, as the internal strata area remains largely unchanged but fitted with better provisions compared to 10 years ago.

A major advantage of investing in a condo is the opportunity to leverage its value for future investments. This means that investors can use their condos as collateral to secure additional funding for new investments, allowing them to grow their real estate portfolio. This approach can potentially lead to higher returns, but it is important to have a solid financial plan in place and be mindful of market changes. Furthermore, with the rising demand for homes in Singapore, the addition of Singapore Projects to an investor’s portfolio can bring even greater opportunities for success.…

Investors are demonstrating a strong interest in Asia Pacific real estate markets with high levels of liquidity, according to Hamish MacDonald, Head and Chief Investment Officer of APAC Real Estate at BlackRock. Among the property sectors expected to benefit from favorable economic conditions this year are accommodation, logistics, and alternative assets. “The markets in this region where liquidity is abundant this year include Australia, Japan, Singapore, and Auckland in New Zealand. This list of countries and property markets also represents the order of focus for BlackRock this year,” says MacDonald. He expects investor sentiment to be bullish this year compared to 2023 and 2022, with discussions about deploying and recycling capital in selective Asia Pacific real estate markets expected to increase among institutional investors.

BlackRock has been targeting serviced apartment properties in Singapore, partnering with YTL Corp to purchase Citadines Raffles Place for approximately $290 million last October. This was followed by a joint venture with Hong Kong-based accommodation operator Weave Living to acquire Citadines Mount Sophia for $148 million in February 2024. The property, now rebranded as Weave Suites – Hillside, reopened its doors this week. “Our recent acquisitions in Singapore reflect our view that there is a lack of new serviced apartment supply in the city-state, but demand for this type of accommodation is high,” says MacDonald. The focus for BlackRock will not be on building an aggregated portfolio of assets, but on targeting specific deals. “We prefer existing properties that we can refurbish and reposition with a partner, and add value with new amenities,” he adds.

Singapore is a prime location for real estate investments, with the crucial factor being the location of the property. This is especially true for condos, as those situated in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs tend to appreciate more in value over time. The areas of Orchard Road, Marina Bay, and the Central Business District (CBD) are considered prime locations in Singapore, as they have shown consistent growth in property values. Furthermore, condos in these areas are highly sought after by families due to their proximity to good schools and educational institutions, making them even more desirable and increasing their investment potential. Therefore, when investing in real estate, it is important to consider the location, and in Singapore, this means looking for condos in key areas such as Orchard Road, Marina Bay, and the CBD. To learn more about potential investment opportunities in these prime locations, visit Condo today.

MacDonald believes that Singapore will continue to attract strong inflows of capital and high-skilled labor, supporting the country’s robust business growth. “We remain very positive on opportunities in Singapore.” Japan will also remain a key target for real estate investors, with BlackRock bullish on the country’s economy. “We are bullish on the Japanese economy based on our analysis of domestic pricing power, wage growth, and corporate reform, which is collectively supporting growth in real estate,” says MacDonald. According to Daigo Hirai, Head of Japan Real Estate at BlackRock APAC, a combination of factors such as wage increases and higher construction costs have contributed to a relatively strong rental uplift in the Japanese residential market. “We expect a 7% to 8% increase in residential rents across major cities like Tokyo and Osaka this year. Tenants are also opting for larger apartment units over compact studios,” says Hirai.

Investing in a Singapore condo can bring numerous advantages, with one key benefit being the potential for capital appreciation. Thanks to its strategic location as a global business hub and robust economic foundations, Singapore continuously attracts a high demand for real estate. Throughout the years, property prices in the country have consistently shown an upward trajectory, particularly in prime locations where condos have experienced significant appreciation. Those who enter the market at the right time and hold onto their properties for the long term can reap the rewards of substantial capital gains.

BlackRock is looking to partner with an experienced accommodation operator to manage a hybrid residential investment strategy that caters to the needs of both inbound tourists and domestic renters. This will enable the firm to strengthen its presence in tourist-dominated cities such as Kyoto and Fukuoka. “We are targeting properties close to train stations in residential-commercial neighborhoods, and smaller developments with up to 50 units,” says Hirai. BlackRock is considering acquisitions in the range of JPY1 billion ($8.93 million) to JPY3 billion, factoring in its exit strategy. “The key to operating in Japan for us is to deploy specialist ground teams that can identify potential acquisition deals at a significant discount,” says MacDonald, who adds that the firm is focused on residential assets in Japan.

In Australia, favorable long-term population growth estimates continue to support positive long-term growth across most sectors in the real estate market, according to Ben Hickey, Head of Australia Real Estate at BlackRock. “Most property sectors in Australia are characterized by under-supply and low vacancy rates,” he says. Any investment strategy in Australia should consider whether rental growth can surpass inflation, the ongoing supply-demand imbalance, and a viable exit strategy, says Hickey. As a result, the firm is focusing on niche asset classes in Australia, including childcare properties, last-mile logistics assets, life science real estate, and self-storage properties. “These four asset types benefit from Australia’s long-term population growth and are chronically undersupplied compared to the broader regional markets. This enables us to generate outsized returns with limited risk, as we cannot rely on a favorable interest rate outlook to generate our real estate returns,” concludes Hickey.…

A prime reason for choosing to invest in a condo in Singapore is the potential for significant capital appreciation. The country’s advantageous position as a major business hub on the global stage, along with its robust economic foundations, continuously spurs demand for real estate. In recent years, the property market in Singapore has demonstrated a consistent upward trajectory, with condos in prime areas experiencing noteworthy appreciation in value. Those who make informed investment decisions and retain their properties for an extended period of time can reap the rewards of substantial capital gains. For individuals seeking investment opportunities, Singapore Condos offer an attractive option.

The Ministry of National Development (MND) has recently announced several changes to the Silver Housing Bonus (SHB) and Fresh Start Housing Scheme (Fresh Start) during this year’s Committee of Supply debate. These enhancements aim to provide support to senior citizens in downsizing and to improve housing access for lower-income households living in HDB rental flats.

The SHB aims to encourage senior citizens to plan for their retirement by unlocking the value of their residential assets and transferring it to their CPF Retirement Account (RA). Currently, to be eligible for the SHB, applicants must be 55 years old and above, have a monthly income of not more than $14,000, own a property with an Annual Value (AV) of less than $21,000, and purchase a replacement HDB flat with three rooms or smaller (excluding three-room terrace).

The current SHB scheme allows applicants to top up their CPF RA with up to $60,000 and receive a cash bonus of up to $30,000, with a $1 cash bonus for every $2 top-up made into their RA. However, starting from December 1st of this year, applicants can qualify for the SHB cash bonus by showing that their downsizing exercise has resulted in a net increase in the balance of their CPF RA, including any refunds from CPF housing payments. This means that seniors who are still paying off loans for their existing properties using their CPF accounts may no longer need to make a top-up in cash to be eligible for the SHB.

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Investing in a condo comes with a plethora of benefits, and one of them is the opportunity to leverage the property’s value for further investments. This means that property owners can utilize their condos as collateral to secure additional financing for new investments, ultimately expanding their real estate portfolio. However, it’s important to note that this strategy can bring in higher returns, but it also comes with its share of risks. Therefore, it’s essential to have a solid financial plan in place and carefully consider the potential impact of market fluctuations. With the emergence of new condo launches, investors now have even more opportunities to diversify their real estate investments and potentially increase their returns. It’s an exciting time for condo investors, but it’s crucial to approach new investments with caution and proper planning to ensure long-term success.

Additionally, the SHB now includes seniors who own properties with an AV of more than $21,000 but less than or equal to $13,000. This expansion is expected to benefit around 15,000 more seniors. Successful applicants in this category will receive a pro-rated cash bonus of $1 for every $6 increase in their CPF RA, up to $10,000. They will also receive a $10,000 cash bonus if they downsize to a two-room or smaller HDB flat, regardless of the amount they have committed to their RA.

Seniors can apply for the SHB within a year of their second property transaction, meaning those who have downsized after December 1st, 2024 can apply for the enhanced SHB.

The Fresh Start Housing Scheme, which was introduced in 2016, provides financial assistance and social support to Second Timers (ST) families who have previously purchased a subsidised HDB flat, with the goal of helping them become homeowners. Under the current scheme, eligible families can purchase two-room flexi or three-room standard BTO flats on shorter leases, usually lasting from 45 to 65 years until the youngest owner turns 95. These flats have an extended Minimum Occupation Period of 20 years, compared to the usual five years.

The enhancements to the scheme include an increase in financial support, with eligible families now receiving $75,000 from the Fresh Start Housing Grant, up from the previous $50,000. This new grant consists of an initial disbursement of $60,000 into the applicants’ CPF Ordinary Account (OA), with the remaining $15,000 to be disbursed over the next five years to support their mortgage payments.

The eligibility criteria for the scheme have also been expanded to include First-Timer (FT) families. While FT families are not eligible for the Fresh Start Housing Grant as they are entitled to a larger Enhanced CPF Housing Grant (EHG) of up to $120,000, they can still benefit from the reduced cost of shorter-lease BTO units and the social support provided under the program. Eligible FT families can apply for the Fresh Start scheme starting in April 2025, while the revised Fresh Start Grant amount will take effect from the July 2025 BTO exercise.…

The Ministry of National Development (MND) has announced revisions to the Additional Buyer’s Stamp Duty (ABSD) regime for licensed property developers, which will take effect on March 6th. These changes aim to encourage developers to undertake urban transformation projects, optimize land use, rejuvenate older estates, and use new construction technologies.

The ABSD remission timeline for developers undertaking complex projects will also be extended from six to 12 months. This is in line with the government’s efforts to support the development of complex projects that may take longer to complete.

When it comes to investing in property in Singapore, it is essential for foreign investors to be aware of the regulations and limitations that come with it. Unlike landed properties, which have more stringent ownership regulations, foreigners are generally allowed to purchase condos with relatively fewer restrictions. However, it’s worth noting that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their first property purchase. Despite this added expense, the Singapore real estate market remains an attractive option for foreign investment due to its stability and potential for growth. Those looking to invest in properties in Singapore can consider options such as Singapore Condo.

Under the new rules, developers undertaking projects with at least 700 units upon completion and with 1.5 times the number of homes of the existing development will be granted a six-month extension. Projects with complex technical or instructional requirements, such as those integrated with major public transport facilities, will also be eligible for the extended timeline.

Additionally, projects approved under the Strategic Development Incentive (SDI) scheme and those aiming to achieve higher productivity targets by adopting new construction technologies, methodologies, or practices will also be granted a six-month extension. However, projects that meet the criteria of more than one category will be given a one-year extension. These changes will apply to all residential land acquired on or after March 6th.

Currently, licensed developers purchasing residential redevelopment sites are subject to a non-remittable upfront ABSD of 5% and a remittable ABSD of 35% if they complete and sell all units within the five-year timeframe. Last year, the government announced changes to the ABSD, offering a lower clawback rate for residential developments with at least 90% of units sold.

The latest revisions are expected to give developers more flexibility and mitigate development risks by allowing them more time to sell units, especially for larger projects. According to PropNex Realty CEO Ismail Gafoor, these extensions “will give developers more flexibility and may help to mitigate development risks to some extent, as they have a bit more time to sell units, particularly for mega projects.”

Investing in condos in Singapore is a popular choice, but it’s essential to consider the government’s property cooling measures. To maintain a stable real estate market and discourage speculation, the Singaporean government has implemented various measures over the years. One such measure 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 immediate profitability of condo investments, they also play a crucial role in ensuring the long-term stability of the market, creating a safer investment environment. To stay updated on the latest condo launches in Singapore, visit New Condo Launches.

Huttons Asia senior director of data analytics Lee Sze Teck adds that the revisions will also provide a much-needed boost to the en bloc market, especially for larger projects. However, Christine Sun, chief researcher and strategist at OrangeTee Group, warns that developers may still face challenges despite the deadline extension, as other factors such as the willingness of buyers and sellers to negotiate prices will also affect the success of en bloc sales.

Tay Liam Hiap, managing director of capital markets and investment sales at ERA, sees this as an opportune time for older projects, such as Braddell View and Pine Grove, which have expansive land areas, to explore en bloc opportunities. These projects may yield up to 2,000 new homes, which could take longer to sell. He adds that the six-to-12-month extension may not be enough for developers to sell out their projects in such cases.

Overall, the policy change is expected to support the en bloc market, but developers are likely to continue being cautious due to high redevelopment costs, an influx of new private housing supply, and potential policy risks, according to Ismail Gafoor.…

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art facilities. Condominiums, strategically situated in desirable locations, offer a perfect combination of opulence and practicality that entices both locals and foreigners. These residential units are equipped with a plethora of facilities like swimming pools, fitness centers, and security services, elevating the overall standard of living and making them a highly desirable option for potential renters and buyers. From an investor’s perspective, these amenities result in higher rental returns and appreciation in property values over time. Singapore Condos have become a highly sought-after choice in the urban landscape of Singapore.

To summarize, putting your money into a condo in Singapore has numerous perks, including high demand, potential for growth in value, and attractive rental returns. However, it is crucial to take into account various factors such as location, financing options, government regulations, and market trends. Through comprehensive research and seeking guidance from professionals, individuals can make well-informed decisions and maximize their profits in Singapore’s dynamic real estate industry. Whether you are a local investor seeking to expand your portfolio or a foreign investor looking for a secure and lucrative venture, condos in Singapore provide a compelling opportunity for success.

Please edit the attached article below using simpler language.The Land Transport Authority (LTA) is currently studying the feasibility of two new MRT lines. These lines are expected to be completed in the 2040s and could potentially serve more than 400,000 households.The first proposed line, called the Seletar Line, would serve several areas including Woodlands, Sembawang, Sengkang West, Serangoon North, Whampoa, Kallang, and the Greater Southern Waterfront. The second line, referred to as the Tengah Line, would supplement the transport network in the west and northwest regions, serving areas such as Tengah, Bukit Batok, Queensway, and Bukit Merah. In a speech in parliament on March 5, Transport Minister Chee Hong Tat mentioned that these two lines could be connected subject to the results of LTA’s feasibility studies.Chee also announced LTA’s plans to extend the Jurong Region Line (JRL) through the West Coast Extension (WCE) to connect with the Circle Line (CCL) and Cross Island Line (CRL). The WCE will be implemented in two phases. The first phase is expected to extend the JRL to connect with the CRL by the late 2030s, while the second phase will connect the JRL to the CCL’s Kent Ridge Station by the early 2040s. This will save commuters travelling from the West to the city centre up to 20 minutes of time.Plans are also in place to invest up to $1 billion to maintain high-reliability standards in both newer and older train systems over the next five years. This investment will go towards implementing condition monitoring systems, new technologies, and training programmes for rail workers. These efforts will ensure that the public transport system continues to provide convenient, reliable, and efficient services for commuters.…

The real estate company, ERA Realty Network, has announced that Elias Green, a 99-year leasehold condo located in Pasir Ris, will soon be put up for collective sale through public tender on March 6. This information was released following ERA’s appointment as the marketing agent for the property. The guide price for the collective sale is set at $928 million.

The scarcity of land in Singapore has spurred a high demand for condos, making it a top choice for real estate investment. This is primarily due to the country’s small size and fast-growing population, which has led to strict land use policies and a cut-throat real estate market. With prices constantly on the rise, owning a condo in Singapore offers promising potential for capital appreciation. If you’re looking to invest in the booming Singapore real estate market, be sure to check out the latest New Condo Launches.

Elias Green was first constructed in 1994 and occupies a land area of approximately 516,871 sq ft, which is zoned for residential use with a gross plot ratio of 1.4. The condo consists of multiple blocks and has a total of 419 apartments ranging in size from 1,367 to 1,636 sq ft. The property currently has a 99-year lease that began in 1991, which means it still has 65 years remaining.

According to ERA, the guide price of $928 million includes a land rate of $1,355 psf per plot ratio (ppr), as well as an estimated $150.8 million for intensification and a top-up to a fresh 99-year lease. It also takes into account a 10% bonus gross floor area.

The marketing agent also revealed that the owners of Elias Green are in the process of submitting an Outline Application to URA for a residential development with a gross plot ratio of 1.8. If approved, this would bring the land rate to approximately $1,245 psf ppr.

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When it comes to investing in Singapore, it is crucial for international investors to have a clear understanding of the laws and limitations surrounding property ownership. Unlike landed properties, which have more stringent ownership regulations, foreigners are generally able to purchase condos in Singapore with minimal restrictions. However, it is important to note that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property purchase. Despite this additional expense, the stability and potential for growth in the Singapore real estate market continues to attract foreign investment, making condos a highly desirable option for those looking to invest. Condos undoubtedly hold a significant appeal for foreign investors in the Singapore market.

If the collective sale is successful and based on the guide price, owners can expect to receive gross sale proceeds ranging from $2.04 million to $2.31 million per unit.

Tay Liam Hiap, Managing Director of Capital Markets and Investment Sales at ERA Singapore, points out that the Pasir Ris Town is currently undergoing significant improvements as part of HDB’s “Remaking Our Heartland” initiative, which will enhance its vibrancy and connectivity. He also mentions that the completion of the new Pasir Ris Bus Interchange in 2025 and the future Pasir Ris Integrated Transportation Hub, which includes the Cross Island Line (CRL) set to be operational by 2030, will further improve connectivity across Singapore.

This is the second time owners of Elias Green have attempted to sell the property through collective sale. The first attempt was in 2018, with a tender price of $780 million. However, the current asking price of $928 million is 19% higher than the previous attempt.

The tender for Elias Green will close on April 22 at 2pm. For more information on properties at Elias Green, check out the latest listings on Ask Buddy.…

The tender for the 99-year leasehold site, Media Circle (Parcel A), which is located in the one-north area, was closed on March 4. The top bid of $315 million for the 82,125 sq ft site was made by a consortium comprising Qingjian Realty, Forsea Holdings and minority investor Hoovasun Holding. The development, which is zoned for residential use with commercial at the first storey, has a land rate of $1,037 per sq ft per plot ratio (ppr) and can potentially yield about 325 housing units with a maximum gross floor area of 303,865 sq ft.

Securing financing is a crucial factor when investing in a Singapore condo. The country offers a variety of mortgage choices, though it is vital to familiarize oneself with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take based on their income and existing debt obligations. Having a clear understanding of the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making well-informed decisions regarding their financing options, preventing them from over-leveraging themselves.

In a press statement, Qingjian and Forsea announced that their future development will consist of two high-rise residential towers with commercial spaces on level 1. The site attracted a total of three bids, with Qingjian and Forsea’s bid being 5.7% higher than the next bid by EL Development, at $298 million or $981 psf ppr. SingHaiyi Group submitted the lowest bid of $295 million or $971 psf ppr.

Overall, owning a Singapore condo can be a wise and lucrative investment. The country’s strong economy and stable housing market make it an attractive option for both local and foreign investors. Not only is there a high demand for condos in Singapore, but there is also potential for significant capital appreciation and attractive rental yields.

However, before jumping into any investment, it is crucial to carefully consider various factors. Location is a key aspect as it can greatly impact the value and desirability of a condo. Another important factor to consider is financing. It’s essential to have a sound financial plan in place to ensure a smooth and profitable investment.

Moreover, government regulations and market conditions should also be taken into account. In Singapore, the government has strict regulations in place to control the real estate market and maintain its stability. As such, it’s essential to stay updated on any policy changes that may affect your investment. Additionally, it’s crucial to keep an eye on the market conditions to make informed decisions and adjust your investment strategy accordingly.

To make the most out of investing in a condo in Singapore, it’s advisable to conduct thorough research and seek professional advice. This will help you understand the market and make informed decisions based on your financial goals and risk tolerance. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, condos in Singapore are a compelling opportunity. With careful consideration and proper planning, investing in a Singapore condo can yield significant returns in the dynamic real estate market of Singapore.

Qingjian and Forsea’s bid for the Media Circle (Parcel A) site is lower than the land rate they paid for a neighbouring site that is now the upcoming Bloomsbury Residences. The neighbouring site, which is zoned for residential with commercial at the first storey, measures 114,462 sq ft and was awarded to Qingjian and Forsea for $395.28 million or $1,191 psf ppr in January 2024. Du Dexiang, managing director of Qingjian Realty, expressed confidence in the transformation of the Media Circle area, supported by a well-designed master plan and the government’s continued investment in the one-north precinct as announced in the 2025 budget. Wang Xin, director at Forsea Holdings, added that this project marks another important step in their commitment to developing high-quality residential communities that align with the growth of one-north, which is akin to Singapore’s ‘Silicon Valley’.

The future project at Media Circle (Parcel A) will be the third joint venture between Qingjian and Forsea. Last August, the partners were awarded an executive condominium site at Jalan Loyang Besar after submitting the top bid of $557 million ($729 psf ppr). The site can yield up to 710 new homes. According to Lee Sze Teck, senior director of data analytics at Huttons Asia, Qingjian’s latest bid for the Media Circle (Parcel A) site reflects the developer’s confidence in the demand for homes in the area. If awarded, the developer will have influence over the supply and pricing of new homes in Media Circle.

The Media Circle (Parcel A) site was launched for sale last November, along with an adjacent plot, Media Circle (Parcel B), measuring 107,936 sq ft that can potentially yield about 500 residences. The tender for Parcel B will close on April 29. Both Media Circle Parcels A and B are on the Confirmed List of the 2H2024 GLS Programme. Under the Reserve List of the 1H2025 GLS Programme, there is another Media Circle site available for application. The 60-year leasehold site, zoned for residential with commercial at the first storey, has been designated for long-stay serviced apartments only and can yield an estimated 520 units, along with retail space capped at 4,306 sq ft.

Lee Sze Teck of Huttons Asia noted that the Media Circle area is a unique location within one-north, framed by greenery and black and white bungalows. “There are only two precincts with land set aside for homes – one at Slim Barracks Rise and one at Media Circle,” he added. He also pointed out that the Media Circle area is a popular area for non-landed residential properties, with only 987 units currently available, and less than 100 new homes remaining unsold. Given the high proportion of foreigners working in one-north, Science Park, and the nearby Tanglin Trust School, Lee believes that the area offers a strong pool of quality tenants, while also being close to diverse retail and dining options such as Anchorpoint Shopping Centre, Alexandra Central Mall and Timbre+ One North.

Leonard Tay, head of research at Knight Frank Singapore, believes that the future project at Media Circle (Parcel A) could launch with selling prices starting from $2,300 psf. While the site is located in a quieter section of the one-north business park, it is within walking distance to Mediapolis, he added. “A residential project, or a mix of residences for sale together with serviced apartments for lease, could appeal to workers in the media and entertainment industry,” Tay said.…

HPL, a leading property player and hotelier, is making moves to expand its global presence with the acquisition of InterContinental Auckland for NZ$180 million ($138.5 million). This marks the company’s first venture into the New Zealand market and its second InterContinental hotel acquisition, following the purchase of InterContinental Maldives Maamunagau Resort.

The transaction, which was done off-market, is considered the largest single hotel asset sale in New Zealand by JLL’s Asia Pacific Hotels & Hospitality Group, who advised on the sale on behalf of New Zealand’s Precinct Properties.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. These towering edifices are home to luxurious condominiums, strategically located in highly sought after areas, making them a popular choice among both locals and foreigners. With top-of-the-line facilities like swimming pools, fitness centers, and round-the-clock security services, these condos exude an air of opulence and convenience, making them extremely appealing to tenants and buyers. Additionally, these sought after features make Singapore Condos a lucrative investment option, promising high rental returns and appreciation in property value over time.

HPL’s acquisition of the Auckland hotel follows the recent launch of two new properties in Malaysia and Japan – The Boathouse Tioman and The Four Seasons Hotel Osaka, respectively. These developments reflect the company’s plans to expand its luxury hospitality portfolio in key markets in the Asia Pacific region, driven by its experienced management team and strategic partnerships with operators like IHG Hotels & Resorts.

According to Stephen Lau, chairman of HPL Hotels and Resorts, the proposed purchase of InterContinental Auckland presents a unique opportunity to acquire a premium asset in New Zealand. Lau also notes that the property’s location within the vibrant NZ$1 billion Commercial Bay lifestyle precinct, which opened in January 2024, offers stunning views of the Waitematā Harbour.

Investing in Singapore Condos requires careful consideration of various factors, including the government’s property cooling measures. The Singaporean government has implemented several measures aimed at curbing speculative buying and maintaining a stable real estate market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment.

Currently, the existing hotel has 139 rooms, but there is potential to expand to 190 rooms by repurposing the current office space to meet future demand. With this acquisition, HPL is poised to enter the New Zealand market with a strong foothold, further solidifying its presence in the Asia Pacific region.…

In the second half of 2024, institutional investments in Asia Pacific (Apac) real estate reached a total of US$83.2 billion ($112 billion), representing a 6% increase year-on-year, according to research conducted by Colliers. This brings the full-year investments for 2024 to US$155.9 billion, a 12% increase from the previous year. The figures cover the top nine markets in the region, including Australia, Mainland China, Hong Kong, India, Japan, Singapore, South Korea, New Zealand, and Taiwan.

The rise in investments showcases the resilience of the Apac real estate market and sets the stage for a strong 2025, according to Chris Pilgrim, Managing Director of Global Capital Markets, Asia Pacific at Colliers. Pilgrim also notes that domestic investors have played a significant role in driving growth in markets such as South Korea, Taiwan, and New Zealand, contributing over 80% of real estate inflows in these countries in the second half of 2024.

The office sector was the primary contributor to Apac investment volume, accounting for US$26.5 billion (32%) of the total volume in the second half of 2024. For the entire year, office investments reached US$51.4 billion, representing a 14% increase year-on-year. The industrial and logistics sector was the second-largest contributor, with investments totaling US$22.6 billion (27%) in the second half of 2024 and US$39.4 billion for the full year, a 29% increase from the previous year.

The retail sector also experienced a significant rebound, registering US$15 billion in investments in the second half of 2024, driven by substantial deals in Australia and South Korea. Total retail investments for the year reached US$26.1 billion, a 27% increase from the previous year.

Pilgrim anticipates that domestic capital will continue to dominate most markets in 2025, with offshore investments expected to increase. This can be attributed to growing investor confidence and attractive valuations. He also predicts that while investments in the office and industrial segments will remain strong, the retail, hospitality, and alternative asset classes will gain traction as investors capitalize on recovery momentum and evolving consumer trends. Overall, he believes that with robust economic growth and continued policy support, the Apac real estate market is well-positioned for sustained investment activity in 2025.

Investors, both local and foreign, have been drawn to investing in condos in Singapore in recent years. The country’s strong economy, stable political climate, and impressive standards of living make it a prime choice for real estate ventures. With its abundant opportunities, the Singapore real estate market presents a great chance to invest in condos, known for their convenience, amenities, and potential for high returns. If you are considering investing in Singapore projects, here is a breakdown of the benefits, key factors to consider, and necessary steps to follow.

First and foremost, investing in a condo in Singapore comes with a multitude of advantages. The country’s steady economy and political environment provide a secure foundation for investors. On top of that, condos offer a range of amenities such as pools, gyms, and security services, making for a comfortable and convenient living experience. Not to mention their sought-after locations, providing easy access to transportation, shopping, and dining options for both residents and potential tenants.

However, before you make any commitments, there are crucial elements to take into account. It is essential to have a clear understanding of your investment goals and financial capabilities. The real estate market in Singapore is highly competitive, with significant fluctuations in prices, so setting a budget is essential. Additionally, thorough research on the market and location is crucial to ensure the potential for promising returns.

When it comes to investing in Singapore projects, following specific steps is crucial. Begin by hiring a reputable real estate agent who is knowledgeable and experienced in the local market. They can help identify suitable properties and guide you through the buying process. After that, conduct a detailed inspection of the condo to assess its condition and potential for rental or resale. It is also vital to carefully review all relevant legal documents and understand the maintenance fees and regulations associated with the property.

In summary, investing in a condo in Singapore presents a lucrative opportunity for investors. With its robust economy, stable political climate, and high standards of living, condos offer a secure and convenient living experience with the potential for high returns. By considering essential factors and following necessary steps, investing in a Singapore project can be a wise investment decision. Don’t forget to add Singapore Projects to the rewritten paragraph for more information on potential projects.

Additional Notes:
– Colliers – International commercial real estate company based in Canada

Investing in a condo in Singapore has become an increasingly popular decision among both domestic and international investors, thanks to the city-state’s thriving economy, political stability, and exceptional quality of life. Singapore’s real estate market presents a vast array of investment opportunities, with condos standing out as a highly desirable option due to their convenience, amenities, and potential for substantial returns. In this article, we will delve into the advantages, considerations, and necessary steps to take when investing in a condo in Singapore.

– Apac – short form for Asia Pacific
– domestic – refers to investors from within the country/region
– offshore – refers to investors from outside the country/region
– y-o-y – year-on-year…

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The 2024 PERE Global Awards have named CapitaLand Investment Limited (CLI) CEO Lee Chee Koon as the ‘Industry Figure of the Year’ for Asia Pacific. The annual awards, presented by a London-based publication covering private equity real estate markets, recognize outstanding firms, individuals, and deals from the previous year. In addition, CLI was also named runner-up for ‘Firm of the Year’ in Asia Pacific.

Investing in a Singapore Condo has become a highly sought-after option for both domestic and international investors. This can be attributed to the country’s strong economy, stable political climate, and exceptional quality of life. With its flourishing real estate market, Singapore presents a plethora of opportunities, and condos particularly stand out for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, considerations, and steps to take when venturing into a condo investment in Singapore.

This year, the PERE Global Awards shifted from previous editions, where submissions were first shortlisted and then voted on by readers to determine the winners. Instead, a panel of PERE journalists selected the winners.

CLI, in a March 4 press release, expressed their appreciation for Lee’s award, stating that it recognizes “his role in driving CLI’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region.”

Since taking on the role of CapitaLand’s group CEO in September 2018, Lee has made strategic moves that have led to the company’s growth. These include the acquisition of Ascendas-Singbridge in 2019 and the recent restructuring of CapitaLand Group, which involved the listing of CLI and the privatisation of its real estate development arm, CapitaLand Development.

When considering potential investments in Singapore, a condo can be a lucrative option with great benefits. These include high demand, potential for capital appreciation, and attractive rental yields. However, before making any decisions, it is crucial to take into account various factors such as location, financing options, government regulations, and current market conditions. A thorough analysis and seeking professional guidance can assist in making informed choices and maximizing returns in the ever-evolving real estate market in Singapore. Whether you are a local investor seeking to expand your portfolio or a foreign buyer in search of a stable and profitable investment, condos in Singapore hold a captivating opportunity. So, don’t wait any longer and start exploring the possibilities of investing in a Condo in Singapore.

In 2024, CLI made significant investments, such as the acquisition of real estate investment manager SC Capital Partners Group and the purchase of Wingate Group Holdings’ property and corporate credit investment management business. These moves have positioned the company to achieve its goal of managing $200 billion in funds by 2028.…