Month: October 2024

Singapore is a popular choice for condo investment due to several factors, including the government’s property cooling measures. In efforts to maintain a stable real estate market, the Singaporean government has implemented various measures to discourage speculative buying. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreigners and individuals purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer investment environment. For those looking to invest in condos in Singapore, it is crucial to consider these government policies and their potential impact. Singapore Condo is an ideal option for those seeking a secure and stable investment in the ever-growing Singaporean real estate market.

Edmund Tie has successfully launched the collective sale of United House, a freehold commercial building located at 20 Kramat Lane, just off …

Finding the perfect location is essential when considering real estate investment, and in Singapore, this factor carries even more weight. Condominiums situated in central areas or in close proximity to amenities such as schools, shopping centers, and public transportation hubs have a higher tendency to appreciate in value. In particular, areas like Orchard Road, Marina Bay, and the Central Business District (CBD) are considered prime locations where property values have consistently demonstrated growth. Families are drawn to these areas due to the convenience of nearby good schools and educational institutions, further enhancing the investment potential of condos in these sought-after locations. For more information on Singapore condos and their investment potential, visit Singapore Condo.

Colliers, a global real estate services and investment management company, has announced the appointment of Nicholas Menville as executive director and head of Singapore-based industrial clients.

Menville brings with him over 19 years of experience …

Savills Singapore is pleased to announce that a two-storey commercial shophouse located at 15 Ann Siang Road has been put up for sale through an expression of interest (EOI). Strategically situated in a prime location, this 999-year leasehold property occupies a land area of approximately 1,302 sq ft and has an estimated gross floor area of 2,476 sq ft. With a guide price of $12.38 million, this works out to be $5,000 per sq ft based on the floor area.

Recent commercial transactions in the surrounding area of Ann Siang Road, as compiled by EP Buddy. (Source: URA, EdgeProp Singapore)

This commercial shophouse is currently zoned for commercial use and the ground floor unit is currently tenanted to a F&B outlet. The upper floor, however, is largely unused. The tenancy agreement for the ground floor unit will expire soon, presenting potential buyers an opportunity to exercise a rent review.

Situated …

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A major benefit of purchasing a Singapore Condo is its potential for significant capital growth. As a highly desirable global business hub, Singapore boasts strong economic foundations that fuel a constant demand for real estate. This has resulted in a consistent upward trend in property prices, particularly for condos located in prime areas. Savvy investors who enter the market at strategic times and maintain their properties for extended periods can reap considerable profits from capital appreciation.

Sheng Siong Group, a popular supermarket operator, has announced its plans to purchase a portfolio of eight freehold strata retail units at Siglap V and an HDB shop unit at 181 Lorong 4 Toa Payoh. The portfolio is currently owned by Jelita Property, an investment holding company under the Hong Kong-based retail company DFI Retail Group (DFI). This move marks DFI’s exit from the Singapore market, as the properties were put up for …

A prime corner retail unit spanning 8,848 sq ft at Lucky Plaza shopping mall along Orchard Road is now available for sale. The rare freehold property, situated on the sixth floor, is the third largest within the mall and is being exclusively marketed by JLL. With an indicative price of $32 million, the unit presents a unique investment opportunity with its strategic location and potential for future subdivision.

According to Terry Wong, senior director of capital markets at JLL, the size and location of the unit make it a highly coveted asset, as there are only three units of its size within the entire development. The unit also offers direct lift and escalator access, providing convenience for both customers and tenants.

The unit is currently fully leased to two separate retail operators and will be sold with existing tenancies. This allows for a stable rental income stream for the future …

City Developments Ltd (CDL), a leading Singapore-based property developer, is getting ready to showcase their latest project, Norwood Grand, which will consist of 348 residential units. The official preview of this private condominium will take place on October 4, while the official launch is set to take place on October 19.

Located on a 99-year leasehold, Norwood Grand is spread across four 11-storey blocks and covers a site area of 155,351 square feet. The units will range from one-bedroom-plus-study to four-bedroom premium-plus-study, with sizes ranging from 495 square feet to 1,335 square feet. Prices for these units start from $988,000 ($1,996 per square foot) for a one-bedroom, $1,238,000 ($1,984 psf) for a two-bedroom, $1,698,000 ($1,923 psf) for a three-bedroom, and $2,238,000 ($1,908 psf) for a four-bedroom plus study.

Norwood Grand is located on Champions Way, which is off Woodlands Avenue 1. The site was acquired by CDL in September 2023 …

The market for condominiums in Singapore continues to thrive, and a key factor behind this trend is the limited supply of land for construction. Due to its small size and rapidly growing population, Singapore faces significant land scarcity, leading to strict land use regulations and a fiercely competitive real estate market. As a result, property prices are driven up, making real estate investment, particularly in condos, a lucrative opportunity with the potential for significant returns. As such, Singapore Condo remains a highly sought-after choice for investors in the market.

CapitaLand Ascott Trust (CLAS) has recently announced its agreement with Ascott Serviced Residence Global Fund (ASRGF) to acquire lyf Funan Singapore for a property value of $263 million. ASRGF holds Victory SR, which has 100% ownership of lyf Funan Singapore. CLAS’s sponsor, The Ascott Limited, holds a 50% stake in ASRGF.

In a press release on October 1, CLAS stated that …

Mapletree Industrial Trust (MINT) has announced its plans to acquire a multi-storey mixed-use facility located in Tokyo, Japan for JPY14.5 billion ($129.8 million).

The acquisition will be made under a conditional trust beneficiary interest purchase and share agreement between MINT and Nagayama Tokutei Mokuteki Kaisha, an unrelated third-party vendor. MINT will hold an effective economic interest of 98.47% in the property, with an acquisition cost of JPY14.9 billion. The remaining cost will be funded by MINT’s sponsor, Mapletree Investments.

The building, which was constructed in October 1992, sits on freehold land spanning approximately 91,200 square feet. It has a gross floor area of around 319,300 square feet.

Choosing the right location is paramount when it comes to real estate investing, and this holds particularly true in Singapore. Condos located in central areas or close to crucial amenities, such as schools, shopping centers, and public transportation hubs, tend to see a …

HDB resale flat prices continue to rise for the 18th consecutive quarter in 3Q2024, according to flash estimates released by HDB on October 1. The prices increased by 2.5% q-o-q, surpassing the 2.3% q-o-q growth seen in the previous quarter.

When contemplating a condominium investment, it is crucial to evaluate the potential rental yield as well. Rental yield refers to the yearly rental income as a percentage of the property’s buying price. In Singapore Projects, the rental yields for condos can significantly vary depending on factors such as location, property condition, and market demand. Regions with high rental demand, like those near commercial hubs or educational institutions, usually offer more favorable rental yields. Thorough market research and seeking advice from real estate agents can provide valuable insights into a specific condo’s rental potential.

This marks the highest quarterly growth rate since 3Q2022, when HDB resale prices rose by 2.6% …