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such as Keppel Bay Towers and Skyline 360Innovative ways for Singaporean couples to afford a property at 35 or overThe Meyerise sold at low of $1,453 psf in 2016

The Meyerise claimed the top spot among private condos with a new psf-price high during the week of Nov 29 to Dec 6.On Dec 6, a 1,270 sq ft, three-bedroom unit on the 24th floor was successfully transacted for $3.52 million, reaching a fresh peak of $2,771 psf. This new record is just marginally higher than the project’s previous high of $2,764 psf, established last October when a 1,819 sq ft, four-bedroom unit on the 28th floor was sold for around $5.03 million, making it the most expensive unit by absolute price sold this year. The owners had purchased the unit in May 2016 for approximately $2.32 million, or $1,830 psf, giving them a profit of about $1.2 million over eight years.

The Meyerise is a 239-unit freehold condominium completed in 2015 and located along Meyer Road in District 15. It comprises two 31-storey residential towers housing a mix of two-, three- and four-bedroom units ranging between 872 sq ft and 1,313 sq ft, and a single 5,490 sq ft penthouse. The development is within 1km of two MRT stations, namely Tanjong Katong MRT Station and Katong Park MRT Station, both serving the Thomson-East Coast Line. It is also within 2km of several schools, including Kong Hwa School, Tanjong Katong Primary School, Tanjong Katong Girls’ School, and Tanjong Katong Secondary School.

The Imperial came in second among projects that saw new psf-price highs in the review period. On Dec 5, a 1,410 sq ft, three-bedroom unit on the 14th floor was struck for $3.7 million, establishing a new top price of $2,624 psf. This new record is 2.3% higher than the project’s previous high of $2,566 psf, which had been set in May last year when another three-bedroom unit was sold for $3.48 million. According to URA caveats data, the owners had purchased this unit in September 2004 for about $1.3 million, or $925 psf, resulting in a profit of about $2.4 million over more than 16 years.

The Imperial is a 187-unit freehold condominium completed in 2006 and sited along Jalan Rumbia in the prime District 9. It comprises a mix of two-, three- and four-bedroom units spanning between 980 sq ft and 1,012 sq ft, 1,356 sq ft to 1,991 sq ft, and 2,034 sq ft to 3,552 sq ft, respectively. The development is within close proximity to Orchard MRT Station and Somerset MRT Station, serving the North-South Line and East-West Line, respectively.

Sky Vue claimed third place for recording a fresh psf-price high during the review period. On Dec 2, a 1,141 sq ft, three-bedroom unit on the 33rd floor was sold for $2.86 million, giving it a new peak price of $2,505 psf. This is a 5.9% increase from the former record of $2,366 psf, which was witnessed in August this year. The previous high had been attained when a similar 1,141 sq ft, three-bedroom unit on the 14th floor fetched $2.7 million. The sellers of the unit had purchased it in September last year for $1.86 million, which means they gained a profit of $1 million over a period of 14 months.

Sky Vue is a 99-year leasehold condominium with 694 units sited along Bishan Street 15 in District 20. Comprising two 37-storey towers with units spanning between 484 sq ft and 1,259 sq ft, the development’s main selling point is its proximity to Bishan MRT Interchange, which serves the North-South and Circle Lines. It is also linked to Junction 8 mall, offering retail and dining options.

There were no new psf-price lows recorded during the week of Nov 29 to Dec 6.
The Meyerise, a freehold condo, has claimed the top spot among private condos with a new psf-price high in the week of Nov 29 to Dec 6. On Dec 6, a 1,270 sq ft, three-bedroom unit on the 24th floor was sold for $3.52 million, achieving a new price peak of $2,771 psf. This new record is just marginally higher than the project’s previous high of $2,764 psf, which was set last October when a 1,819 sq ft, four-bedroom unit on the 28th floor was sold for around $5.03 million. This unit is also the most expensive unit by absolute price sold at the development this year.

The Meyerise is a 239-unit freehold condo completed in 2015 and located on Meyer Road in prime District 15. It comprises two 31-storey residential towers with a mix of two-, three-, and four-bedroom units ranging between 872 sq ft and 1,313 sq ft, as well as a 5,490 sq ft penthouse. The condo is within 1km of two MRT stations, Tanjong Katong and Katong Park, both serving the Thomson-East Coast Line. It is also within 2km of schools such as Kong Hwa School, Tanjong Katong Primary School, and Tanjong Katong Secondary School.

When evaluating the investment potential of a condo, it is crucial to also consider its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Areas with high demand for rentals, such as those near business districts or educational institutions, typically offer higher rental yields. To gain a better understanding of a condo’s rental potential, it is advisable to conduct thorough market research and consult with real estate agents. Interested investors can also check out Singapore Projects for more information on potential rental yields.

The Imperial, a freehold condo, came in second among projects with new psf-price highs during the review period. On Dec 5, a 1,410 sq ft, three-bedroom unit on the 14th floor was successfully transacted for $3.7 million, establishing a new top price of $2,624 psf. This record is 2.3% higher than the project’s previous high of $2,566 psf, which had been set in May last year when another three-bedroom unit was sold for $3.48 million. According to URA caveats data, the owners had purchased this unit in September 2004 for about $1.3 million, or $925 psf, resulting in a profit of about $2.4 million over more than 16 years.

The Imperial is a 187-unit freehold condo completed in 2006 and located on Jalan Rumbia in prime District 9. It comprises a mix of two-, three-, and four-bedroom units ranging between 980 sq ft and 1,012 sq ft, 1,356 sq ft to 1,991 sq ft, and 2,034 sq ft to 3,552 sq ft, respectively. The development is within close proximity to Orchard and Somerset MRT Stations, serving the North-South and East-West Lines, respectively.

Sky Vue, a 99-year leasehold condo with 694 units, claimed third place for recording a new psf-price high during the review period. On Dec 2, a 1,141 sq ft, three-bedroom unit on the 33rd floor was sold for $2.86 million, achieving a new peak price of $2,505 psf. This is a 5.9% increase from the former record of $2,366 psf, which was witnessed in August this year. The previous high was achieved when a similar 1,141 sq ft, three-bedroom unit on the 14th floor fetched $2.7 million. The sellers of the unit had purchased it in September last year for $1.86 million, resulting in a profit of $1 million in just 14 months.

Singapore, a tiny island nation with a rapidly growing population, is facing a scarcity of land. This has led to a high demand for condos in the country. Due to strict land use policies and limited space for development, the real estate market in Singapore has become extremely competitive. As a result, property prices are continuously on the rise, making investing in condos a profitable opportunity for capital appreciation. With the increasing demand for condos, the real estate market in Singapore has become an alluring prospect for investment. As a condo.

Sky Vue is located on Bishan Street 15 in District 20 and comprises two 37-storey towers with units ranging between 484 sq ft and 1,259 sq ft. Its main selling point is its close proximity to Bishan MRT Interchange, which connects to the North-South and Circle Lines, and Junction 8 mall offering retail and dining options.

There were no new psf-price lows recorded during the week of Nov 29 to Dec 6.…

The recent sale of a six-bedroom penthouse at JadeScape, a 99-year leasehold condo located on Shunfu Road, has garnered attention as the most lucrative condo resale transaction in the week of December 3 to December 10. The impressive 4,230 sq ft unit on the 23rd floor was sold for a staggering $10.15 million, equating to $2,399 psf. The transaction was finalized on December 9, with the seller walking away with a substantial profit of $4.35 million after owning the unit for just five years. This translates to a profitable capital gain of 75% or an annualized profit of 15%.

Based on records, this sale recorded the largest profit ever made for a unit at JadeScape. The previous highest gain at the development was from the sale of a 2,099 sq ft, five-bedroom unit on the 10th floor for $4.42 million ($2,108 psf) on August 12. The seller, who had purchased the unit from the developer in September 2019 for $3.28 million ($1,562 psf), made a profit of $1.14 million on the sale.

JadeScape, situated at the junction of Marymount Road and Shunfu Road in District 20, is a completed development comprising of 1,206 units spread across seven residential towers. The units range from one- to five-bedroom apartments, with sizes ranging from 527 sq ft to 2,099 sq ft. There are also two penthouses measuring 4,230 sq ft. The condo is in close proximity to Marymount MRT Station on the Circle Line.

Upon its completion in 2022, JadeScape has seen 72 other resale transactions this year, with units being sold at prices between $1,955 psf to $2,420 psf. According to data compiled by EdgeProp Research, all of these transactions were profitable, with sellers walking away with gains ranging from $55,000 to $1.15 million.

The second most profitable condo resale transaction for that week was the sale of a 1,410 sq ft, three-bedroom unit at The Imperial for $3.7 million ($2,624 psf) on December 5. The seller had initially purchased the unit from the developer for $1.3 million ($925 psf) in September 2004. This resulted in a significant profit of $2.4 million (184%) after a holding period of 20 years.

This particular sale is the fifth most profitable resale transaction at The Imperial. The record gain at this development was from the sale of a four-bedroom unit measuring 3,918 sq ft, which was sold for $7.64 million ($1,950 psf) in June 2007. The seller, who had initially purchased the unit for $3.99 million ($1,018 psf) in March 2006, made a handsome profit of $3.65 million.

On December 5, a 1,410 sq ft unit at The Imperial was sold for $3.7 million ($2,624 psf) (Picture: Google Street View)

The Imperial, situated on Jalan Rumbia, close to Fort Canning Park in District 9, was completed in 2006. It comprises 187 freehold units across five blocks. The various units include two-, three- and four-bedroom apartments between 980 sq ft and 3,918 sq ft. It is within walking distance to both Fort Canning MRT Station on the Downtown Line and Dhoby Ghaut MRT Interchange, serving the North-South, North-East and Circle Lines.

For foreign investors looking to invest in Singapore’s property market, it is vital to understand the rules and limitations that come with ownership. While buying condos is usually less restricted for foreigners than purchasing landed properties, the latter has stricter regulations. Even so, foreign buyers are still required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this additional cost, the steady and promising growth of the Singapore real estate market continues to attract foreign investment, particularly in the condominium sector. Condos are particularly popular among foreign investors due to their strong market performance.

The bustling cityscape of Singapore boasts impressive skyscrapers and contemporary infrastructure. Condos, strategically situated in desirable locations, offer a perfect fusion of opulence and convenience, attracting both locals and foreigners. These residential complexes come equipped with a myriad of facilities, including swimming pools, fitness centers, and top-notch security, elevating the standard of living and making them irresistible to prospective renters and purchasers. For real estate investors, these aspects equate to greater rental returns and appreciation of their Condo investments in the long run.

Conversely, the sale of a one-bedroom unit at The Montana recorded the least profitable condo resale deal in that week. The 635 sq ft unit was sold for $1.02 million ($1,603 psf) on December 6. The unit had last changed hands in July 2014 for $1.18 million ($1,863 psf), resulting in a loss of approximately $165,000 for the seller.

This transaction ranks as the third-biggest loss made for a unit at The Montana based on available records. The largest loss recorded at the development was from the sale of a three-bedroom unit measuring 1,109 sq ft, which was sold for $1 million ($902 psf) in May 2003. The seller, who had purchased the unit from the developer in December 1999 for $1.35 million ($1,215 psf), sustained a loss of around $347,000.

On December 6, the sale of a 635 sq ft unit at The Montana for $1.02 million ($1,603 psf) resulted in a loss of around $165,000. (Picture: Samuel Isaac Chua/)

The Montana is a freehold condo situated on Jalan Mutiara, just off River Valley Road in District 10. It was completed in 2002 and comprises 108 units housed in a single 12-storey tower. The units range from one- to four-bedrooms, with sizes varying between 549 sq ft to 2,659 sq ft.

There have been four other resale transactions at The Montana this year, all of which were profitable. The units, sold for prices between $1,930 psf to $2,371 psf, yielded gains ranging from $80,000 to approximately $525,000.…

CapitaLand Ascendas REIT (CLAR) has announced plans to acquire the DHL Indianapolis Logistics Center, a highly sought-after Class A logistics property, from DHL Supply Chain (DHL USA) for $150.3 million. This purchase price represents a 4.1% discount to the independent market valuation of the property as of January 1, 2025.

In addition to the acquisition cost, the REIT will also incur transaction-related fees and expenses of $1.7 million, as well as pay a $1.5 million acquisition fee to the manager. After factoring in these costs, the total outlay for the property will be $153.4 million.

Funding for the acquisition will come from a combination of internal resources, divestment proceeds, and/or existing debt facilities, as outlined in a press release issued on December 17.

As part of the deal, DHL USA will lease back the entire gross floor area (GFA) of the property under a long-term agreement until December 2035, with options to renew for two additional five-year terms. This long lease term, combined with built-in rent escalation of 3.5% per annum, will provide stable income and bolster the resilience of CLAR’s portfolio, according to the manager.

The fully occupied property has a weighted average lease to expiry (WALE) of approximately 11 years, which will increase CLAR’s US portfolio WALE from 4.2 years to 4.7 years on a pro forma basis.

Based on the first-year net property income (NPI) yield, the proposed acquisition will generate a pre-transaction cost yield of approximately 7.6%, and a post-transaction cost yield of 7.4%. This is expected to have a positive impact on the distribution per unit (DPU) for the financial year ending December 31, 2023, with an estimated DPU accretion of 0.1%, or an improvement of approximately 0.019 Singapore cents, assuming the acquisition is completed on January 1, 2023.

The property, located in Whiteland, a submarket in southeast Indianapolis, Indiana, is a state-of-the-art, fully air-conditioned, single-storey logistics building with a GFA of 979,649 sq ft. It is expected to be completed in 2022.

Upon completion of the acquisition, CLAR’s logistics assets under management (AUM) in the US will increase by 35.3% to approximately $587.5 million. The acquisition will also expand CLAR’s logistics footprint in the US to 20 properties across four cities, with a total GFA of approximately 5.1 million sq ft.

As an international investor, having a clear understanding of the rules and limitations surrounding property ownership in Singapore is crucial. One key aspect to note is that foreign individuals are typically able to buy condominiums without facing significant restrictions, unlike landed properties which have more stringent ownership guidelines. However, it’s important to note that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD) which currently stands at 20% for their first property purchase. Despite this additional expense, the stability and potential for growth in the Singapore real estate market continuously entices foreign investors. If you’re interested in investing in the thriving Singapore property market, consider looking into Singapore Condos as a viable option.

In addition to the DHL Indianapolis Logistics Center, CLAR’s logistics assets in the US are located in Kansas City, Chicago, and Charleston.

Purchasing a Singapore Condo offers a host of benefits, one of which is the potential for leveraging the property’s value for further investments. For this reason, many investors choose to use their condos as collateral to secure additional financing and expand their real estate portfolio. While this strategy can lead to higher returns, it is vital to have a well-thought-out financial plan and consider the potential risks of market fluctuations before making any decisions.

William Tay, Executive Director and CEO of the manager, stated, “DHL Indianapolis Logistics Center is a strategic addition to our existing portfolio… This is CLAR’s first sale and leaseback acquisition in the US, and together with this Class A logistics property, modern logistics assets will account for 42.3% of our US logistics assets under management. With a long lease in place, this property will further enhance CLAR’s sustainable income stream, and we expect the two new properties to contribute positively to our long-term returns.”…

Investing in a Singapore Condo offers numerous advantages, with one of the most prominent being the potential for capital appreciation. Thanks to its strategic location as a thriving global business hub and strong economic fundamentals, Singapore has a continuous demand for real estate. Consequently, property prices in the city have consistently shown an upward trend, especially in prime locations where condos have experienced significant appreciation. Investors who wisely enter the market at the right time and hold onto their properties for a long-term period can reap substantial capital gains.

Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. While there are fewer restrictions on purchasing condos, the same cannot be said for landed properties, which have stricter ownership rules. It’s worth noting that foreign buyers must also pay the Additional Buyer’s Stamp Duty (ABSD), currently set at 20%, for their first property purchase. Despite the added expense, the steady growth and potential of the Singapore real estate market continually draws in foreign investment. This is why many foreign investors are interested in Singapore Projects and their potential for success.

Wee Hur Holdings has announced that it has entered into a binding agreement to sell its portfolio of seven purpose-built student accommodation (PBSA) assets to Greystar for a purchase consideration of A$1.6 billion ($1.4 billion). The portfolio, which spans over 5,500 beds across multiple Australian cities, will be sold through the group’s subsidiary, Wee Hur (Australia). The transaction is expected to be completed within the next six months, subject to Greystar obtaining Foreign Investment Review Board approval and Wee Hur obtaining consent from its shareholders. Wee Hur is set to retain a 13% stake in the portfolio through its subsidiary, and the net proceeds of approximately $320 million will be used to support the group’s strategic growth and expansion into new areas such as alternative investments. The group’s CEO, Goh Wee Ping, states that the sale reflects Wee Hur’s resilience in navigating challenging market conditions, including the impact of Covid-19 and greenfield developments. He adds that the sale aligns with the group’s long-term strategy of diversifying its portfolio and positioning itself for sustainable growth in various sectors. This transaction follows the group’s successful recapitalization with RECO in 2021/2022, which provided the group with liquidity and stability amid global uncertainty. As the PBSA market rebounded and the portfolio approached full stabilization, Wee Hur saw an opportunity to unlock maximum value for its stakeholders.…

Investing in a condo in Singapore has emerged as a popular option for both local and foreign investors, drawn by the country’s strong economic growth, stable political climate, and exceptional standard of living. The real estate market in Singapore presents a plethora of opportunities, with condos particularly standing out for their convenient location, attractive amenities, and potential for high returns. In light of this, it is worth exploring the advantages, considerations, and necessary steps for those looking to invest in a condo in Singapore. For up-to-date information on the latest condo developments, check out New Condo Launches.

The second round of balloting for Novo Place executive condominium (EC) saw the sale of 137 units on Dec 16 by joint venture developers Hoi Hup Realty and Sunway Developments. This phase was exclusively for second-timers, or buyers who have previously purchased a subsidized flat, whether as a new or resale HDB flat or an EC. According to Mark Yip, CEO of Huttons Asia, this brings the total number of units sold at Novo Place to 444, which represents 88.1% of the development. Yip also adds that this milestone was achieved within just one month of the project’s launch on Nov 16, making it the best-selling EC project of 2024.

Yip further explains, “This reflects strong interest from second-timers keen to upgrade their lifestyle, many of whom are residents in the West.” He also notes that all four-bedroom units at Novo Place have been sold out, highlighting the high demand for spacious homes.

Novo Place is situated at Plantation Close in the new Tengah town and is only a five-minute walk from the Tengah Park MRT station on the Jurong Region Line (JRL). The JRL provides convenient access to major employment hubs in the West, such as the Jurong Lake District and Jurong Innovation District. Yip points out that very few ECs offer such proximity to an MRT station.

Huttons reports that many buyers have opted for the deferred payment scheme, which allows them to secure their desired unit first while deferring their home loan payments. Yip explains, “This helps ease the financial burden for HDB upgraders who still have an outstanding loan on their current flat.” He also mentions that ECs are experiencing strong demand from HDB upgraders due to their comparable quality and finishes to private condominiums at a more affordable price. Additionally, buyers can enjoy upfront remission on the Additional Buyer’s Stamp Duty (ABSD).

Overall, there are several benefits to investing in a condo in Singapore, making it a popular choice for both local and foreign investors. One advantage is the high demand for condos, which can lead to a higher potential for capital appreciation. Additionally, investors can enjoy attractive rental yields, making it a profitable investment opportunity. However, before making any investments, it is crucial to carefully consider various factors like location, financing options, government regulations, and current market conditions. By conducting thorough research and seeking advice from professionals, investors can make informed decisions and maximize their returns in Singapore’s ever-changing real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and lucrative investment, Singapore’s condos are a compelling option to consider. Don’t forget to check out the latest Singapore Projects for even more opportunities.

As of Dec 16, caveats lodged show an average price of $1,656 psf for units sold at Novo Place. This development is a popular choice for buyers, and interested parties can check out the latest listings for Novo Place properties. The project summary for Novo Place condo, as well as condo listings in District 24 and upcoming new launch projects, are also available. Interested buyers can easily find out the available units left in Novo Place.…

Singapore’s condo market is thriving due to the high demand for residential properties, especially amongst investors. One of the main factors driving this demand is the limited availability of land in the small island nation. With a rapidly growing population, Singapore is facing a scarcity of land for development. To combat this, the government has implemented strict land use policies, leading to a competitive real estate market where property prices continue to rise. This makes investing in real estate, specifically condos, a highly profitable venture as the values of these properties are predicted to appreciate over time.

In November, developers sold a whopping 2,557 new private homes, excluding executive condos (ECs), according to data from the Urban Redevelopment Authority (URA). This represents a massive 246.5% increase from the previous month’s sales of 738 units, and a 226% jump compared to the number of units sold in November 2023.

“This surge marks the highest monthly developer sales since March 2013, when 2,793 units (excluding ECs) were sold,” says Christine Sun, chief researcher and strategist at OrangeTee Group. Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc (SRI), adds that this is also the first time sales have surpassed the 2,000-unit threshold in a single month since March 2013.

The spike in November sales can be attributed to an “unprecedented” number of project launches during the month, according to Lee Sze Teck, senior director of data analytics at Huttons Asia. Five private residential projects were launched, including the Chuan Park with 916 units, Emerald of Katong with 846 units, Nava Grove with 552 units, The Collective at One Sophia with 367 units, and Union Square Residences with 366 units.

Overall, developers launched 2,871 new homes (excluding ECs) in November, which is a 438% increase from the previous month and a 196% increase from the same period a year ago. In addition, the 504-unit Novo Place EC also commenced sales in November, bringing the total number of new homes sold to 2,891 units for the month.

As of November, developers have sold an estimated 6,344 units, which is marginally higher than the 6,317 units sold during the same period in 2023. This was supported by the 6,627 units launched for sale by developers in the first 11 months of 2024, compared to 7,515 units launched in the same period last year.

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Investing in condos has many advantages, including the potential to leverage the property’s value for future investments. This means using the condo as collateral to secure additional financing for new ventures, allowing investors to expand their real estate portfolio. However, this strategy should be approached carefully with a solid financial plan in place and an understanding of how market fluctuations may affect the returns. In addition, keeping an eye on new condo launches can also provide opportunities for growth and diversification in real estate investments.

Top-selling projects in November include Emerald of Katong, which sold 840 units (99%) with a median price of $2,627 psf. This makes it the best-selling project by units and percentage in 2024, according to Lee. Chuan Park by Kingsford Group came in second, selling 721 (79%) units with a median price of $2,586 psf. Nava Grove by MCL Land and Sinarmas Land came in third, selling 382 units (69%) with a median price of $2,445 psf.

According to Sun, the strong sales performance of new launches can be attributed to pent-up demand and improved buyer sentiment following interest rate cuts in September. She believes that buyers are taking advantage of attractive deals, with the added incentive of lower interest rates making mortgages more accessible.

Looking ahead, December is expected to be more subdued due to the school holidays and festive season. Lee estimates that new private home sales will fall to around 200 to 250 units for the month, resulting in total developer sales for the year to reach about 6,500 units, slightly higher than 2023. In terms of prices, he predicts a moderate growth of about 5% for the year, compared to a growth of 6.8% in 2023.

In 2025, the market is expected to regain momentum with the launch of several projects in the first quarter, including The Orie by City Developments, Bagnall Haus, Aurea, and Aurelle of Tampines EC. With a lack of significant new launches in 2024, Lee believes that demand from last year will transfer over to these new projects.

Sun, however, believes that the recent surge in sales is a temporary phenomenon. She notes that new home demand has been subdued throughout 2024 due to a lack of significant private project launches. As such, she projects slightly lower sales for the year, but Huttons’ Lee remains “cautiously optimistic” that demand will pick up in 2025 with the launch of new projects.…

Hilton, a leading global hospitality company, has recently opened the doors of its 100th Hilton Garden Inn in the Greater China region. This new property, called the Hilton Garden Inn Beihai Jiafu, is located in the beautiful seaport city of Beihai in China. The 199-room hotel is conveniently situated just 2km from the Beihai High-Speed Railway Station and 6km from Beihai Fucheng Airport. It is also a short 20-minute drive from Beihai International Passenger Port.

Qian Jin, the president of Hilton Greater China and Mongolia, expressed his excitement about the opening of the Beihai Jiafu Hilton Garden Inn, stating that it not only reflects the brand’s rapid growth, but also reaffirms their long-term commitment to the Chinese market. Hilton first debuted its Hilton Garden Inn brand in Shenzhen in 2014, and since then has expanded to other major cities in China such as Shanghai, Beijing, Chengdu, Guilin, and Aksu. More Hilton Garden Inn properties are scheduled to open in China by 2025, with plans to debut in popular tourist destinations such as Zhangjiajie, Ordos, Huangshan, Shanwei, and Jinan.

Hilton’s plan to expand its presence in China is part of a larger goal to double its mid-market properties in the Asia Pacific region to over 1,000 hotels. This expansion will also include the introduction of Hilton Garden Inn Gen A properties, which are designed specifically for Generation Alpha travelers in Greater China. In June, Hilton announced the launch of Hilton Garden Inn Gen A, with initial locations planned across Nanjing, Chengdu, Chengde, and Jinan.

These new properties reflect Hilton Garden Inn’s continued expansion across the wider Asia Pacific region. Clarence Tan, the senior vice president of development for Asia Pacific at Hilton, shared that there are currently more than 200 Hilton Garden Inn properties in development across the region. This demonstrates Hilton’s commitment to providing exceptional hospitality experiences for travelers in the Asia Pacific region and beyond.

Investing in a condominium in Singapore comes with a multitude of advantages, with one of the most notable being the potential for capital appreciation. This can be attributed to the city-state’s strategic location as a global business hub, as well as its robust economic foundations, which continuously drive demand for real estate. Throughout the years, the housing market in Singapore has displayed a consistent upward trend, particularly in prime locations where condominiums have seen significant appreciation. By carefully timing their investments and holding onto their properties for the long term, investors can reap the benefits of substantial capital gains. This makes investing in Singapore Projects a lucrative and wise decision for those looking to make profitable real estate investments.

When purchasing a Singapore Condo, it is essential to consider not only the property itself but also its maintenance and management. Aside from owning a condo, there is also the responsibility of paying maintenance fees that cover the upkeep of shared areas and amenities. While these fees may add to the overall cost of owning a condo, they serve a vital purpose in maintaining the property’s condition and value. To ease the burden of management, investors can opt to seek help from a property management company. This can transform the investment into a more hands-off endeavor, allowing owners to focus on other aspects of their lives while still reaping the benefits of their Singapore Condo investment. Singapore Condo should be a top consideration for potential condo owners looking for a hassle-free investment.…

CapitaLand Investment Limited (CLI) is expanding its presence in Australia with an A$200 million ($173 million) acquisition of Wingate Group Holdings’ property and corporate credit investment management business. This acquisition, which includes an earn-out, will help CLI grow its total funds under management (FUM) in Australia by 30% to $8.3 billion, representing around 7% of its overall FUM of $115 billion.

According to CLI, its goal is to have $200 billion in FUM by 2028. As part of this target, it has committed to investing up to A$1 billion to grow its FUM Down Under. This renewed focus on Australia comes a decade after the previous board and management divested its key assets in the country to concentrate on faster-growing markets such as China.

Following its recent investor day, CLI announced its acquisition of Wingate, confirming earlier reports by the Australian media in November. Wingate is one of the leading private credit investment managers in Australia, having completed over 350 transactions worth more than A$20 billion.

CLI has worked with Wingate previously, as seen in the recent close of its A$265 million Australia Credit Program (ACP), which was created in partnership with Wingate. With this acquisition, CLI will be able to tap into Wingate’s extensive networks, accessing more institutional and private high-net-worth investors and increasing its geographical reach in Australia.

Paul Tham, CLI’s group CFO, believes that besides Australia, there are also promising private credit opportunities in other Asia Pacific markets, particularly South Korea, India, and Japan. As it expands its geographical diversification efforts, Australia is one of CLI’s focus markets with significant growth potential.

Investing in a condominium in Singapore offers numerous benefits, with one of the most notable being its potential for capital appreciation. The country’s position as a thriving business hub and its robust economic foundations create a continuous demand for real estate. In line with this, property prices in Singapore have consistently risen over the years, particularly in prime locations. With proper timing and long-term ownership, investors can reap substantial capital gains, making condos an attractive investment option. For more opportunities in Singapore’s real estate market, be sure to explore Singapore Projects.

Investing in a condo brings forth an array of benefits, including the opportunity to leverage its value for further investments. Utilizing the condo as collateral, investors can obtain additional financing for new ventures, effectively expanding their real estate portfolio. While this approach can amplify profits, it is imperative to have a solid financial plan in place and carefully consider the potential consequences of market fluctuations. With condo investment, the potential for growth and diversification is substantial, but prudent decision-making is key to success.

CLI notes that the Australian private capital market has grown by 33% in the past 18 months, with assets under management reaching A$139 billion. However, a projected A$146 billion commercial mortgage funding gap is expected by 2028. With Wingate, CLI aims to diversify its portfolio, which currently includes logistics, business parks, office, and lodging assets in nine Australian cities.

As of September 30, CLI manages 34 logistics properties and business parks, four Grade A office buildings, and over 13,500 lodging units across more than 150 properties under its wholly-owned lodging business unit, The Ascott.…

A row of four freehold conservation shophouses located at 762, 764, 766 and 768 North Bridge Road is up for sale through an expression of interest (EOI). With a guide price of $37 million, these properties offer a prime investment opportunity in the vibrant Kampong Glam Conservation enclave.

Sitting on two plots of land measuring a total of 5,766 sq ft, the shophouses command a high average land rate of $6,417 psf. The first plot includes 762 and 764 North Bridge Road, sharing a 2,891 sq ft plot with a built-up area of 4,917 sq ft, including a mezzanine level. The other two units at 766 and 768 North Bridge Road sit on a 2,875 sq ft plot with a built-up area of 4,657 sq ft, including a mezzanine level.

In Singapore, the location of a property is a crucial factor to consider when making real estate investments. This is because certain areas hold more value and potential for growth than others. For instance, condos situated in central areas or near essential amenities such as schools, shopping malls, and public transportation hubs have shown a consistent appreciation in value over time. The Orchard Road, Marina Bay, and Central Business District (CBD) are some examples of prime locations where property values have consistently increased. In addition, having good schools and educational institutions in close proximity further adds to the appeal of condos in these areas, making them highly desirable for families and therefore boosting their investment potential. With new and upcoming developments such as the Singapore Projects, the real estate market in Singapore is only expected to continue flourishing in these highly sought-after locations.

The demand for Singapore Condos remains strong, largely due to the country’s limited land availability. As a small island nation experiencing rapid population growth, Singapore grapples with a scarcity of land suitable for development. To combat this issue, the government has implemented strict land use policies, resulting in a highly competitive real estate market where property prices continue to rise. As a result, investing in real estate, particularly Singapore Condos, has become a highly profitable venture with the potential for significant capital appreciation. Visit Singapore Condo for more information.

These shophouses are exclusively marketed by Isabel Sim, associate senior marketing director at Huttons Asia, who notes that the usable area of each property could be expanded by adding rear extensions for outdoor terraces on the second floor, pending approvals from relevant authorities. This could potentially increase the usable area by 1,000 sq ft for each land plot.

Tenants currently occupying the shophouses include a fitness retail store, convenience store, and massage and reflexology service providers. As commercial properties, both local and foreign buyers looking for potential capital gains and stable rental yield are exempt from Additional Buyer’s Stamp Duty (ABSD) on these shophouses, making them an attractive investment opportunity.

With prominent frontage along North Bridge Road, these shophouses enjoy high visibility and footfall in the historic Kampong Glam Conservation enclave. Furthermore, their strategic location within walking distance of Bugis MRT Interchange, providing access to the East-West and Downtown Lines, and Nicoll Highway MRT Station along the Circle Line makes them easily accessible.

Kampong Glam’s prime central location, rich historical significance, and vibrant commercial environment have made it a popular destination for both locals and tourists. The area is home to iconic landmarks such as the Sultan Mosque and the Malay Heritage Centre. The EOI exercise for these shophouses will close on January 10, 2025, at noon.

For more information, interested parties can contact Isabel Sim Cheng Yi at 81802707, Associate Senior Marketing Director at Huttons Asia (R065855G).…

in OctoberPSF record for new sale condo set at 77 @ EastcoastTwin VEW: How an extravagant design that breaks the mold can win hearts and mindsThe freehold development Grange 1866 made headlines by topping the list of condos with the highest prices per square foot (psf) in the week ending November 29th. During this period, the developer sold a two-bedroom unit for $2.78 million, setting a new record of $3,393 psf.The unit, located on the 14th floor, narrowly surpassed the previous record of $3,390 psf set in June last year when a unit of similar size was sold for $2.59 million. This year, Grange 1866 has seen 12 new sale transactions at an average price of $3,181 psf, with the most expensive unit being a two-bedroom unit on the 16th floor sold for $3.02 million ($2,989 psf). So far, 45 of the 60 units have been sold, representing a 75% sales rate.You can find the latest new launches by searching on EdgeProp to see the transaction prices and available units.AdvertisementGrange 1866 is a freehold development set to be completed by the end of 2025. It is located on Grange Road in prime District 10 and features a single 16-storey residential block on a 20,322 sq ft site. The development consists of one- and two-bedroom apartments measuring between 527 and 1,012 sq ft.Hill House took second place in terms of new psf-price highs in November. The boutique condominium set a new record for the second time this month, with the latest peak of $3,378 psf being set on November 25th. The 452 sq ft two-bedroom unit was sold by the developer for about $1.53 million.The sale surpassed the previous record of $3,267 psf by 3.4%. The former record had also been set this month on November 11th, when a similarly sized two-bedroom unit on the fifth floor was sold for about $1,48 million. 12 units have been sold by the developer at Hill House this year at an average price of $3,108 psf, with the lowest-priced unit being a 753 sq ft, three-bedroom unit on the fourth floor sold for $2.21 million ($2,934 psf) on October 28th.EdgeProp Buddy offers the latest transactions at Hill House. Note: The Cosmopolitan saw a new psf-price high with the sale of a 1,324 sq ft three-bedroom unit on the 26th floor for $3.73 million, or $2,817 psf, on November 25th. Completed in 2008, The Cosmopolitan is a 228-unit condominium located along Kim Seng Road (Photo: Samuel Isaac Chua / EdgeProp Singapore)The new record is just 0.7% higher than the previous peak of $2,795 psf set in October last year when a unit of similar size on the 17th floor was sold for $3.7 million. The sellers of the 26th-floor unit had purchased it for about $2.58 million, or $1,950 psf, in November 2010, making a profit of about $1.15 million in the process.Completed in 2008, The Cosmopolitan is a 228-unit freehold development located along Kim Seng Road, off River Valley Road, in prime District 9. It consists of two-bedroom units measuring 1,141 sq ft, three-bedroom units measuring 1,324 to 1,399 sq ft, and four-bedroom units at 1,679 sq ft. The development is situated within 1km of River Valley Primary School and is within walking distance of Great World MRT Station on the Thomson East Coast Line. Shopping and dining options can be found at nearby Great World City.AdvertisementEdgeProp Buddy displays the latest transactions at The Cosmopolitan. Caveats from URA indicate that 30 units (42%) at The Cosmopolitan have been sold at an average price of $3,054 psf since its launch in November 2022. In addition, no new psf-price lows were recorded in the period under review. You can check out the latest listings for Grange 1866, Hill House, The Cosmopolitan, and other condominiums by asking Buddy or generating a price trend graph for new launch condos in District 9.Buddy also offers property price trends for new sales, resale, and available units for HDB, condos, and landed properties.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. The city’s prime locations are dotted with condominiums that offer a perfect combination of opulence and convenience, making them a popular choice among both locals and foreigners. These luxurious residences boast a variety of amenities, such as swimming pools, fitness centers, and round-the-clock security services, which not only enhance the standard of living but also make them an enticing option for potential renters and buyers. For investors, these attractive features translate into higher rental profits and an appreciating property value over time. As an added bonus, investing in Singapore Projects will further boost the already desirable benefits of owning a condo in this dynamic city.

Investing in a condominium in Singapore has many benefits, one of which is the potential for capital appreciation. Due to its excellent location as a global business hub and strong economic foundation, there is a constant demand for real estate in Singapore. This consistent demand has resulted in a steady increase in property prices over the years, with condos in prime areas experiencing significant appreciation. For investors who make a timely entry into the market and hold onto their properties for an extended period, the potential for substantial capital gains is high. Additionally, keeping an eye on new condo launches can also provide opportunities for lucrative investments.…