When considering investing in condos in Singapore, it is essential to take into account the country’s property cooling measures implemented by the government. In recent years, the Singaporean government has implemented several measures to discourage speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a more secure environment for investment. Singapore Projects also play a crucial role in the condo investment landscape.
With its robust economy, political stability, and exceptional quality of life, Singapore has emerged as a favored destination for investors, both local and foreign, looking to put their money into the real estate market. A wide range of opportunities exist in Singapore’s real estate sector, and condos have risen to the top as a highly sought-after option due to their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages of investing in a Singapore Condo, along with the key factors to consider and steps to take when making such a decision.
Mapletree Investments has announced its latest acquisitions in the logistics sector, with the purchase of a property in the UK and 10 warehouses in Spain. The total value of these acquisitions is estimated to be EUR315.1 million ($444.5 million) and they mark the first logistics property acquired by the company in the UK.
These assets, which cover a total area of 256,000 sqm, will become part of the seed assets of Mapletree’s second European logistics-focused fund. The company states that this move reflects its strategy to focus more on the logistics sector and expand its global presence. The launch of the fund will take place at an appropriate time, once it has achieved a significant scale.
The CEO of Mapletree’s European commercial and logistics arm, Ralph van der Beek, explains that the logistics sector is highly attractive and has consistently seen strong demand from both occupiers and investors. He also notes that e-commerce is thriving and companies are keen to secure and expand their supply chains. The group expects the newly acquired assets to generate stable and recurring returns in the long run.
The UK property is situated in Derby Commercial Park, which provides easy access to major arterial roads such as the M1, A50, and A6. It is also located near the city centre and the East Midlands Airport. Mapletree reports that the tenant of this property has recently renewed its long-term lease.
The 10 assets in Spain are spread across the first rings of Barcelona, Valencia, and Madrid. They are strategically located in core logistics hubs with immediate access to the city centre via various transportation modes. These properties are expected to benefit from third-party logistics providers and manufacturers, who have made significant investments in automation and fit-outs on site due to their proximity to production facilities.
With these new acquisitions, Mapletree now owns a total of 80 logistics assets in eight countries.