Month: January 2025

CapitaLand Ascott Trust (CLAS) has recently acquired two limited-service hotels in Japan for a total of JPY21 billion ($178.5 million). These two properties, ibis Styles Tokyo Ginza and Chisun Budget Kanazawa Ekimae, are both freehold and offer great potential for investment. The purchase was made at a discount of 8.3% compared to their independent valuation.

When considering investing in Singapore, it is crucial for foreign investors to be knowledgeable about the rules and limitations surrounding property ownership. Generally, foreigners have the ability to purchase condos with relative ease, unlike landed properties which have stricter regulations. However, as a foreign buyer, one must take into account the Additional Buyer’s Stamp Duty (ABSD), which currently sits at 20% for the first property purchase. Nevertheless, despite this added expense, the Singapore real estate market’s stability and potential for growth continue to attract foreign investment. With options such as Singapore Condos available, foreign investors have the opportunity to capitalize on the country’s thriving real estate market.

The acquisition of these two hotels is expected to bring in positive results for CLAS, with a projected distribution per stapled security (DPS) accretion of 1.6% on a pro forma basis for FY2024. In addition, the blended net operating income (NOI) yield for these properties is estimated to be 4.3% in FY2024. To further mitigate any risks, the acquisition was financed through JPY-denominated debt and proceeds from the divestment of four properties within Japan.

ibis Styles Tokyo Ginza, located in the bustling capital city, is situated in the heart of the shopping and entertainment district. With its prime location, guests have easy access to popular high-end retail malls such as Ginza Six and the well-known Uniqlo flagship store. The hotel is also just a short walk away from the iconic Ginza Wako clock tower, a popular landmark in the district.

For those looking to invest in overseas properties, CLAS offers a wide range of projects available for sale around the world.

When making the decision to invest in a condominium, it is crucial to take into account the aspects of maintenance and management of the property. Usually, condos come with maintenance fees that encompass the cost of upkeep for shared spaces and amenities. While these fees may increase the overall expenses of owning a condo, they serve as a guarantee that the property remains well-maintained and maintains its value. To ease the burden of managing their condo, investors can hire a property management company, which can turn the investment into a more passive one. Furthermore, keeping an eye on new condo launches can also aid in making wise investment decisions in this sector.

Chisun Budget Kanazawa Ekimae, boasting 392 units, is located in Kanazawa, a city in the northwest of Japan. This city, similar to Kyoto, is known for its historical attractions, traditional landscaped gardens, and cultural icons. Guests staying at this property can easily access popular sites such as Kanazawa Castle, Kenrokuen Garden, and heritage geisha and samurai districts, each showcasing the unique architectural designs of Japan’s Edo period.

Including the two recently acquired hotels, CLAS has invested approximately $530 million in the last 12 months alone. These investments offer higher yields compared to the four divestments made by CLAS, ultimately boosting the trust’s income distribution.

Among the investments made in 2024 were Teriha Ocean Stage, a rental housing property in Fukuoka, Japan, Standard at Columbia, a student accommodation property in the United States of America, and lyf Funan Singapore. Last year also saw the completion of over $500 million in divestments, resulting in a net gain of about $74 million.

Serena Teo, CEO of CLAS’ manager, states, “The acquisition is part of our portfolio reconstitution strategy to enhance the quality of our portfolio and deliver stable returns to our Stapled Securityholders. The FY 2024 NOI yield of the two hotels is 230 basis points higher than the blended exit yield of approximately 2.0% for the four previous divestments in Japan. By swiftly redeploying divestment proceeds into these higher-yielding assets, we have fully replaced the income from the four divested properties.”

As of the most recent closing, CapitaLand Ascott Trust was trading at 90 cents per unit.…

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.…

Investing in a condominium in Singapore has risen in popularity among investors, both local and foreign, largely due to the country’s strong economy, stable political climate, and exceptional quality of life. With its flourishing real estate market, Singapore presents a multitude of opportunities, with condominiums standing out as a top choice for their convenience, facilities, and potential for lucrative returns. In this article, we will delve into the advantages, important factors to consider, and necessary steps to take when investing in a condominium in Singapore. And for the latest updates on new condo launches, be sure to visit https://www.freedomathometeam.com/.

.Singapore has become a popular destination for foreign investors interested in purchasing property. As with any country, there are regulations and restrictions in place regarding property ownership that must be understood before making an investment. Unlike landed properties, condos are generally more accessible for foreign buyers, as they are subject to less strict ownership rules. However, it’s important to note that there is an Additional Buyer’s Stamp Duty (ABSD) of 20% for foreign buyers on their first property purchase. Despite this additional cost, the Singapore real estate market remains attractive for foreign investors due to its stability and growth potential. In fact, many continue to invest in new condo launches in the country. New Condo Launches offers excellent opportunities for foreign investors looking to benefit from the thriving real estate market in Singapore.

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Turquoise, the 91-unit luxury condominium at Sentosa Cove, has three duplex penthouses available for purchase at $23 million each. The biggest of the three is a five-bedroom, 7,987 square foot duplex. It is also the largest of the 10 penthouses in the 99-year leasehold waterfront condo. This penthouse includes a wine cellar, kitchen, and living area on the lower level, as well as four en suite bedrooms, two utility rooms, and a balcony. The upper level is home to the master bedroom suite, which features a private infinity pool, pool deck, and outdoor shower. It is being offered for $12 million, or $1,502 per square foot. The second largest penthouse for sale at Turquoise is a four-bedroom, 3,746 square foot unit listed at $5.99 million, or $1,599 per square foot. The upper floor of this penthouse boasts a large open-air terrace and unobstructed views of Sandy Island and Sentosa’s southern waterfront.Read also: The Botanic on Lloyd sets new price record at $2,460 per square footThe developer of Turquoise, Ho Bee Land, also owns the 7,987 square foot penthouse, which is currently listed for $12 million. The second largest penthouse, a four-bedroom, 3,746 square foot unit, was sold to a Korean buyer for $9.5 million in 2007. The third penthouse, a three-bedroom, 3,111 square foot unit, was sold to an African buyer for $8 million in the same year. All three penthouses are located on the sixth floor and feature private lift lobbies, wet and dry kitchens, floor-to-ceiling windows, open balconies, and attached en suite bathrooms in each bedroom. The condo also offers residents amenities such as a gym, barbeque pits, a swimming pool, a steam room, and 21 private berths for residents. Turquoise, which was completed in 2010, has 91 units spread across three 6-story blocks. Typical units include a mix of three- and four-bedroom apartments, with sizes ranging from 2,088 square feet to 3,050 square feet. Penthouses range from 3,111 square feet to 3,764 square feet, and sky villas range from 6,900 square feet to 7,987 square feet. The developer launched Turquoise in late 2007 and sold 39 units at an average price of $2,596 per square foot. However, after the 2008 Global Financial Crisis, prices dropped, and units at Turquoise were sold at an average price of $2,471 per square foot between 2008 and 2012. In February 2021, the condo recorded its lowest transaction price at $1,165 per square foot when a 2,400 square foot unit was sold for $2.8 million. In April 2021, the developer released its remaining 16 units for sale at promotional discounts, with prices ranging from $1,290 per square foot to $1,536 per square foot. Last year, the average price for units sold at Turquoise was $1,427 per square foot across four recorded resale transactions. According to senior associate VP at List Sotheby’s International Realty, Michele Cabasug, foreign buyers initially purchased these waterfront homes for investment purposes and as holiday homes. However, the current buyer profile at Turquoise shows a shift towards local buyers looking for a primary residence. When the project first launched, 59% of the 39 buyers were foreign nationals. However, since its completion in 2010, Singaporean buyers accounted for 57.4% of the transactions, while permanent residents made up 32.3%, and foreign buyers accounted for only 8.8%. As such, Cabasug believes that potential buyers are looking for a slower pace of living and are more familiar with working from home, making Sentosa Cove an attractive location. Ho Bee Land was one of the first developers to enter Sentosa Cove, and has also developed The Berth by the Cove, The Coast, Seascape, and Cape Royale, as well as the bungalows at Coral Island and Paradise Island.…

The Botanic on Lloyd Sets New Record Price of $2,460 psfThe Botanic on Lloyd, a freehold condo, made headlines in Jan 2026 when it achieved the highest psf-price among private non-landed developments. The 66-unit development, completed in 2006, recorded a new psf-price peak of $2,460 after the sale of a 2,056 sq ft four-bedroom unit for $5.13 million.On Jan 7, a 2,056 sq ft, four-bedroom unit located on the second floor of The Botanic on Lloyd was sold for $5.13 million, or $2,493 psf, setting a new record for the highest psf-price achieved by a private non-landed development. The new record price surpassed the previous high of $2,339 psf by 6.6%, which was set in October 2024 when a 1,496 sq ft, three-bedroom unit on the fourth floor was sold for $3.5 million.Despite having only one transaction per year on average over the past decade, the freehold condo has consistently seen high prices. In January 2022, a 3,584 sq ft four-bedroom unit was sold for $6.88 million ($1,919 psf), marking the highest absolute price achieved at the development until the October 2024 sale.Freehold condo The Botanic on Lloyd reaches new price peak of $2,460 psf (Photo: Samuel Isaac Chua / EdgeProp Singapore)Completed in 2006, The Botanic on Lloyd is a boutique development located along Lloyd Road off Oxley Road in Prime District 9. The development consists of 60 apartments and six townhouses, offering a mix of three- and four-bedroom unit types ranging from 1,485 sq ft to 3,584 sq ft. The three-storey townhouses range from 4,058 sq ft to 4,446 sq ft in size and come with five bedrooms and two private parking lots each. The prime location and luxurious offerings of The Botanic on Lloyd make it a highly sought-after development in the district, contributing to its impressive record prices.Read also: Three duplex penthouses at Turquoise on the market for $23 milAdvertisementCompleted in 2014, The Cape is a 76-unit freehold project located along Amber Road in District 15. The boutique development offers one- to three-bedroom units ranging from 570 sq ft to 1,539 sq ft. In November 2012, The Cape set its previous record psf-price of $2,265 when a 1,539 sq ft, two-bedroom unit on the 16th floor was sold for $3.49 million. However, on Jan 10, 2026, the 15th floor saw a new record of $2,284 psf when a 1,313 sq ft, three-bedroom unit was sold for $3 million. This record narrowly surpassed the previous figure by just $19 psf. The sale further cements The Cape’s upscale reputation and marks a new milestone for the development.The Cape saw a new record of $2,284 psf when a 1,313 sq ft, three-bedroom unit sold for $3 million on Jan 10 (Photo: Samuel Isaac Chua / EdgeProp Singapore)The rise in psf-prices at The Cape can be attributed to its premium offerings and location in Prime District 15. Last year, the development recorded three resale transactions at an average price of $2,128 psf. In 2023, there was only one transaction – a 646 sq ft, one-bedroom unit that fetched $1.24 million ($1,920 psf). While the number of transactions may be few, each sale continues to make waves in the property market, reflecting the high demand and value placed on the luxury development.Also in District 15, freehold development Tembusu Grand achieved a new price floor of $2,174 psf on Jan 11. A three-bedroom unit on the 20th floor was sold for $3.04 million, slightly below the previous record of $2,193 psf set in November 2024 by a unit of the same size on the same floor. The sale of this unit comes after a larger unit in the development was sold just two months earlier, setting the previous psf-price record for Tembusu Grand. Despite this, prices at the development have been steadily increasing, with the average price trending upwards in the past year.Tembusu Grand recorded a new price floor of $2,174 psf on Jan 11 (Photo: Samuel Isaac Chua / EdgeProp Singapore)Launched in 2023, the 638-unit Tembusu Grand is located on Jalan Tembusu, off Tanjong Katong Road. The freehold condo offers units ranging from one-bedroom apartments to five-bedroom units spanning 527 sq ft to 2,691 sq ft. Since its launch, 91.5% of the units have been sold, with a total of 584 units sold at an average price of $2,444 psf, based on caveats lodged as of Jan 20. The record low psf-price of $2,174 achieved by a three-bedroom unit on the 20th floor stands in stark contrast to the upscale offering and high demand for homes in the development, demonstrating its consistent appeal and value in the market.

Investing in Singapore condos is a lucrative opportunity, but it’s important to be aware of the government’s property cooling measures. For years, the Singaporean government has implemented various tactics to prevent speculative buying and maintain a steady real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which requires foreign buyers and those purchasing multiple properties to pay higher taxes. While these measures may have an impact on the immediate profitability of your condo investment, they also contribute to the long-term stability of the market, creating a safer environment for investment. If you are interested in investing in Singapore condos, consider the impact of these cooling measures and how they may affect your investment. For more information on Singapore condos, visit Singapore Condo.

When it comes to investing in real estate, the location is of utmost importance, and this is particularly true in Singapore. Condos situated in central areas or near vital amenities such as schools, shopping centers, and public transportation hubs have a higher likelihood of increasing in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have a track record of consistent property value growth. For families, the proximity to top-rated schools and educational institutions only adds to the desirability of condos in these areas, making them a smart investment choice. This is why choosing the right location is crucial when looking to invest in condos in Singapore.…

HDB Resale Market Sees 19th Consecutive Quarter of Price Growth

According to quarterly data released by HDB on Jan 24, the resale prices of HDB flats rose by 2.6% in 4Q2024, marking the 19th consecutive quarter of price growth in the market. This brings the total increase in prices for the year to 9.7%. This is a significant jump from the 4.9% increase registered in 2023.

However, the growth in prices last quarter was slightly lower compared to the 2.7% increase in 3Q2024. Mohan Sandrasegeran, head of research & data analytics at SRI, believes that the strong growth in prices throughout 2024 can be attributed to the limited supply of flats reaching their Minimum Occupation Period (MOP) during the year.

He also adds that the limited supply has put upward pressure on prices, especially for newer flats and larger unit types that cater to the needs of growing families.

Among the different types of HDB flats, five-room flats saw the highest price increase in 4Q2024, with the average resale price jumping by 2.2% to $754,097. Meanwhile, four-room flats saw a 2.2% increase to $652,544 in the same period.

The Central Area saw the highest increase in prices, growing by 25.6% in 4Q2024, followed by Toa Payoh (12.1%), Tampines (6.9%), Bishan (6.7%), and Bedok (6.1%). Over 90% of the transactions for flats priced at $1 million or more happened in mature estates, with Kallang/Whampoa recording the highest number of million-dollar flats sold (156 units), followed by Toa Payoh (144 units), and Bukit Merah (135 units).

The transaction volumes for the resale market saw a dip of 21.1% in 4Q2024, with 6,424 units sold compared to 8,142 units in 3Q2024. Seasonal factors, such as the year-end holiday and festive season, may have contributed to the decline, as well as the lower interest rate that may have encouraged some buyers to consider the private residential or Executive Condominium (EC) markets.

Another factor could be the preference for prospective buyers to ballot for flats in the latest Build-to-Order (BTO) exercise, which saw HDB launch a record 15 projects comprising 8,573 flats under the new location-based classification framework. For the first time, singles were also allowed to purchase two-room flexi BTO flats in all locations.

However, overall resale transaction volumes in 2024 increased by 8.4% from 2023, with 28,986 units sold compared to 26,735 units. This is the largest number of yearly resale transactions since 2021 when 31,017 units were sold. The HDB towns that were most popular among buyers in 2024 were Sengkang, Woodlands, Punggol, Tampines, and Yishun, which accounted for 35.9% of all resale transactions.

When it comes to investing in condos in Singapore, there is one crucial aspect that must be considered – the government’s property cooling measures. Over the years, the Singaporean government has implemented various measures to control speculative buying and maintain a steady real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which entails higher taxes for foreign buyers and those purchasing multiple properties. While these measures can potentially affect the short-term profitability of condo investments, they also play a significant role in the long-term stability of the market, making it a more secure environment for investing. Moreover, with the recent surge of new condo launches, the market is continuously evolving, providing more opportunities for investors to diversify their portfolio and potentially increase their returns in the long run.

Looking Ahead

In 2025, approximately 6,976 flats are expected to reach the end of their MOP, which is a 41.6% decrease from the 11,952 flats in 2024. This is due to the smaller number of BTO flats completed in 2020 during the Covid-19 pandemic. However, HDB has announced plans to launch over 25,000 new flats across three BTO exercises in 2025, including 19,600 BTO flats and more than 5,500 flats under the Sale of Balance Flats (SBF) exercise.

When it comes to investing in real estate in Singapore, the location of a property plays a crucial role. This is especially true for condominiums, as a well-placed condo can greatly impact its potential for value appreciation. Optimal locations, such as central areas or those near key amenities like schools, shopping malls, and public transportation hubs, have been shown to experience a higher increase in value over time. In Singapore, prime areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently demonstrated positive growth in property values. Furthermore, condos situated near reputable schools and educational institutions are highly coveted by families, making them an even more desirable investment opportunity. Therefore, carefully assessing the location of a property is imperative for those considering investing in a condo in Singapore, as it can lead to long-term growth and the potential for financial success in the condo market.

The next SBF exercise will take place in February, offering 5,000 BTO flats in Kallang/Whampoa, Queenstown, Woodlands, and Yishun. This will be the largest SBF exercise since November 2020. Around 40% of the 5,500 SBF flats have already been completed.

The increase in public housing supply aims to meet the growing demand for housing in Singapore. Mohan Sandrasegeran predicts that resale prices in the HDB market for 2025 could grow by 3.5% to 5.5%, with around 26,000 to 27,000 resale transactions. However, Lee Sze Teck, senior director of data analytics at Huttons Asia, projects a more optimistic price increase of 5% to 8% for the year.…

Condo investment in Singapore is an attractive option for many, but there are important factors to consider before diving in. One of the most crucial considerations is the impact of the government’s property cooling measures. With the aim of promoting a stable real estate market and discouraging speculative buying, the Singaporean government has implemented various measures over the years. 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 initially affect the short-term profitability of condo investments, they ultimately contribute to a more secure and stable market, making it a safer environment for investment. Keeping abreast of new condo launches is key in navigating and maximizing opportunities in this dynamic market. So, whether you are a seasoned investor or a first-time buyer, it is essential to carefully consider the government’s property cooling measures and stay informed about the latest developments in the condo market. New Condo Launches can provide valuable insights and opportunities for successful condo investments in Singapore.

A new luxurious hotel has opened in Galle, Sri Lanka under the Radisson Collection brand. This marks the first hotel for the brand in the Southeast Asia and Pacific region and the fourth property in Sri Lanka for the Radisson Hotel Group. The Radisson Collection Resort, Galle offers 106 rooms overlooking the ocean, providing guests with stunning views.

Guests can enjoy various amenities at the hotel, including a beachfront pool, a 24-hour nanny service at the kids’ club, and multiple dining options such as Ozen, which serves a fusion of Asian and Japanese cuisine, and Catch Restaurant, a seafood dining spot. The hotel also features Taboo Beach Club, an entertainment area on the beach with sun loungers and daybeds offering bottle service.

Located on the southwest coast of Sri Lanka, Galle has many attractions for visitors to explore. The city is home to Galle Fort, a 17th-century fortress that is a designated Unesco World Heritage site. Guests can also visit historic temples, colonial buildings, and wildlife centers, including a sea turtle hatchery.

In addition to this new hotel, the Radisson Hotel Group has announced plans for further expansion in the region. The group recently opened their 100th hotel in India and has added a new resort in Lonavala, India. The brand is also expanding its presence in China, showing its commitment to delivering exceptional experiences for travelers worldwide.

In Singapore, investing in condos carries an important factor to consider – the government’s property cooling measures. To promote a steady real estate market and reduce speculative buying, the Singaporean government has implemented various measures over the years. This includes the Additional Buyer’s Stamp Duty (ABSD), which requires higher taxes for foreign buyers and individuals purchasing multiple properties. Despite potentially affecting the short-term profitability of condo investments, these measures contribute to the market’s long-term stability, creating a secure investment environment. Singapore Projects are also a valuable addition to the local real estate market.…

An agreement has been reached between Meinhardt, a consulting firm based in Singapore, and Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN), to work together in developing digital and smart city projects in developing countries in the Asean region. According to a press release on January 17, the two parties have signed a Memorandum of Understanding (MOU) with the aim of promoting innovative and sustainable urban solutions through the exchange of knowledge and resources.

JOIN, a Japanese public-private fund that supports infrastructure projects overseas, will leverage its network and expertise to aid Japanese companies in investing in overseas projects. On the other hand, Meinhardt will utilize its leadership in integrated planning, design, and project management solutions to contribute to the partnership.

This collaboration is a result of the Memorandum of Cooperation (MOC) signed in November last year between Japan’s Ministry of Land, Infrastructure, Transport and Tourism and Singapore Cooperation Enterprise. The MOC aimed to facilitate the development of digital and smart cities in Asean and other areas.

When considering investing in a condo in Singapore, it is crucial to take into account the government’s property cooling measures. In an effort to prevent speculative buying and maintain a steady real estate market, the Singaporean government has implemented various measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD), which involves higher taxes for foreign buyers and those purchasing multiple properties. While these actions may have a short-term impact on the profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer investment environment. Singapore Projects play an essential role in this market, providing investors with secure and reliable options for their funds.

The government’s property cooling measures are an important factor to consider when investing in condos in Singapore. In an effort to maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented several measures throughout the years. One of these measures is the Additional Buyer’s Stamp Duty (ABSD) which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they also contribute to the long-term stability of the market. This ultimately creates a safer investment environment for individuals looking to invest in condos.

Meinhardt believes that this MOU will serve as a platform for both parties to share information, identify synergies, and work together on projects from the initial stages, leading to significant impact across borders.…

Minister for National Development Desmond Lee has announced the successful completion of the final two pandemic-delayed projects by HDB, according to a press release on Jan 20.

The two Build-to-Order (BTO) projects, Punggol Point Cove (Phase 2) and Kempas Residences, signify the completion of HDB’s pandemic-delayed housing projects. In total, 92 projects have delivered more than 75,800 new flats to Singaporeans in the last five years.

For 2024, HDB completed a total of 22 housing projects, with 17 of them having been delayed due to the pandemic. The remaining four projects were completed on schedule, with only one experiencing a delay due to non-pandemic reasons.

Read also: HDB to launch 19,600 BTO flats and over 5,500 sale of balance flats in 2025

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Of the 22 housing projects, two were Shorter Waiting Time (SWT) projects that were completed within a waiting period of less than three years. These projects, Parc Glen at Tengah and Grove Spring at Yishun, consist of a total of 1,995 flats.

The remaining projects had waiting times of up to five years. Overall, over 18,000 flats were completed in 2024, according to HDB.

Flat owners of Punggol Point Cove (Phase 2) have been receiving the keys to their new homes since November 2024, while key collection for Kempas Residence began in mid-January this year.

Following the completion of the final blocks within both projects this month, HDB is expected to inform the remaining flat owners of their key collection date soon.

Investing in a condo in Singapore has gained considerable popularity among both locals and foreigners, thanks to the country’s strong economy, stable political climate, and exceptional standard of living. The real estate market in Singapore presents a plethora of prospects, and condos are particularly appealing due to their convenience, amenities, and potential for lucrative returns. In this piece, we delve into the advantages, factors to consider, and necessary measures to take when investing in a condo in Singapore. With condo options, the possibilities are endless.

Situated along New Punggol Road, Punggol Point Cove (Phase 2) consists of 1,179 units of two-room flexi, three-, four-, and five-room flats spread across six residential blocks. Due to pandemic delays, the last block of the project was completed 12 months after its original Probable Completion Date (PCD) earlier this month.

As of Jan 15, 657 households, or 59% of the 1,109 booked units, have collected their keys.

According to HDB, the completion of Punggol Point Cove (Phase 2) marks the overall completion of all flats in the Punggol Point District. This includes Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects, which were all completed in 2024.

Read also: Is it a Good Deal?: $1.125 million for a nearly new four-room HDB flat along Dawson Road

Situated between Serangoon Road, Lavender Street, and Boon Kheng Road, the Kempas Residences BTO project comprises of 583 units of two-room flexi, three-, and four-room flats spread across four residential blocks.

The final block, which was delayed by six months from its original PCD, was completed in mid-January.

When considering investing in a condo, it is crucial to also evaluate the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Usually, areas with high rental demand, for example, those near business districts or educational institutions, offer better rental yields. It is essential to conduct thorough market research and consult with real estate agents to gain valuable insights into the rental potential of a specific condo. You can also explore the latest New Condo Launches to further your understanding of the rental market.

As of Jan 15, 37 households, or about 7% of the 555 booked units, have collected their keys.

Currently, 110 HDB housing projects are under construction, an increase from 95 a year ago due to the higher BTO supply in recent years. HDB states that it is on track to complete about 17,000 flats across 27 projects in 2025.

“Check out the newest listings for HDB properties”…

CDL Hotels Holdings New Zealand Limited (CDLHH NZ), a subsidiary of City Developments Limited (CDL), has announced an offer to acquire all outstanding shares of New Zealand-listed Millennium & Copthorne Hotels New Zealand Limited (MCK) at NZ$2.25 ($1.72) per share. This move is part of CDL’s plan to simplify the ownership structure of its New Zealand entities, according to a filing on Jan 20.

MCK, which currently owns, leases, or franchises 18 hotels in New Zealand, also has a majority stake in CDL Investments New Zealand Limited and interests in properties in Australia through its Kingsgate Group subsidiaries.

As of Jan 17, CDLHH NZ already holds a 75.86% stake in MCK, representing 80.02 million shares out of 105.48 million in total. In the event that CDLHH NZ reaches the threshold to trigger the compulsory acquisition provisions of the New Zealand takeovers code, it will acquire all outstanding shares in MCK. CDLHH NZ also has the option to redeem MCK’s non-voting redeemable preference shares.

However, as the offer does not include MCK’s non-voting redeemable preference shares, CDLHH NZ has announced its willingness to acquire these shares at a price of NZ$1.70 or approximately $1.30 each. This acquisition will be made through Craigs Investment Partners, CDL’s broker on the Main Board of the New Zealand Stock Exchange (NZX). As of Jan 17, CDLHH NZ holds 91.34% (or 48.17 million) of MCK’s non-voting redeemable preference shares.

If the offer is accepted by all shareholders, CDLHH NZ will pay a total of NZ$57.29 million for their shares. The company also expects to pay NZ$7.77 million for the redeemable preference shares.

When contemplating a condo investment, it is crucial to also evaluate its potential rental yield. Rental yield refers to the annual rental income compared to the property’s purchase price, expressed as a percentage. In Singapore, rental yields for condos can vary greatly depending on factors such as location, condition of the property, and market demand. Generally, areas with high rental demand, such as those near business districts or prestigious educational institutions, tend to offer more attractive rental yields. To gain a deeper understanding of the rental potential of a specific condo, conducting thorough market research and seeking advice from reputable real estate agents can prove to be valuable.

Singapore has a diverse selection of mortgage options that investors can tap into when purchasing a condo. However, it is crucial to have a thorough understanding of the Total Debt Servicing Ratio (TDSR) framework, which sets a cap on the amount of loan an individual can take based on their income and current debt commitments. To make well-informed decisions about financing, investors should work closely with financial advisors or mortgage brokers who can guide them through the intricacies of the TDSR. This approach will also help prevent over-leveraging and ensure a sound investment. Singapore Projects should also be considered in the financing strategy.

The offer price takes into account MCK’s market price and its operating environment. As of the first half of the fiscal year ending June 30, 2024, MCK recorded a net asset value (NAV) of NZ$532.02 million and a net tangible asset value (NTA) of the same amount. For the MCK shares subject to the offer, the NAV and NTA are approximately NZ$85.62 million each as of June 30, 2024.

The offer is subject to CDLHH NZ obtaining at least 90% of voting rights in MCK by 5pm on May 2. In addition, CDLHH NZ must receive consent under the Overseas Investment Act 2005 and the Overseas Investment Regulations 2005 of New Zealand to own and control all MCK shares.

The implementation and payment of this offer is not expected to have a major impact on CDL’s earnings per share (EPS) or net tangible assets (NTA) for the fiscal year ending Dec 31, 2025.…

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When considering investing in a condo in Singapore, it is important to take into account the government’s property cooling measures. The Singaporean government has implemented several measures over the years in order to prevent speculative buying and maintain a steady real estate market. Among these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a reliable and secure environment for investing in condos.

Investing in a condo in Singapore has emerged as a favored option for both local and foreign investors, thanks to the city-state’s thriving economy, political stability, and exceptional quality of life. The real estate market in Singapore presents many lucrative prospects, and condos are particularly attractive due to their convenience, amenities, and potential for significant returns. In light of this, this article will delve into the advantages, factors to keep in mind, and essential steps to take when investing in a condo in Singapore, with a special focus on Singapore Projects.

The latest success story from Roxy-Pacific Holdings saw the sale of 71 out of 113 units at Bagnall Haus, a freehold condominium, on its launch day, Jan 18. This translates to an impressive sales rate of almost 63%, with units going for an average transacted price of $2,490 psf.

Executive chairman Teo Hong Lim attributed the strong take-up rate to the appeal of the development to local buyers, with over 90% of the buyers being Singaporeans. He also noted that the sales were evenly spread out across all unit types, with two- and three-bedroom units being the most popular, but also demand for the larger five-bedroom units.

Located in District 16 along Upper East Coast Road, Bagnall Haus boasts a prime freehold site of 74,280 sq ft, with 113 residential units spread across three five-storey blocks. The units range from the one-bedroom plus flexi units of 495 sq ft to the five-bedroom units of 1,528 sq ft.

Real estate agency PropNex’s CEO Ismail Gafoor shared that out of the 71 residential units sold, 59% were one- and two-bedroom units, with transacted prices just below $2.1 million. He added that the three-bedroom units were highly sought after as well, with 18 out of 20 units snapped up at prices ranging from $2.3 million to $2.7 million. The remaining units of four- and five-bedrooms were sold for $3 million to $3.8 million.

Gafoor believes that the pricing of Bagnall Haus, which lies in the sweet spot of under $3 million, was appealing to buyers. He also noted that the average transacted price of $2,490 psf was much more attractive compared to other 99-year leasehold new launches in the Outside Central Region (OCR) such as Chuan Park, which recorded an average price of $2,579 psf when it was launched in November 2024.

The two strata-titled shop units at Bagnall Haus – measuring 172 sq ft each – were also sold for $688,000 each, which translates to $4,000 psf.

Marcus Chu, CEO of ERA Singapore, shared that majority of the buyers were homeowners looking to occupy the units themselves. Some of them owned older landed properties and wanted to downsize to newer, more manageable apartments, while others were families from the neighbourhood who wanted to upgrade to a freehold property.

In terms of location, Chu said Bagnall Haus has a strategic location with close proximity to established amenities and reputable schools such as Temasek Primary School, which is within a 1km radius.

He also highlighted that the development is within walking distance to the upcoming Sungei Bedok MRT Station, an interchange for the Downtown and Thomson-East Coast lines. It is just one stop from Bedok South MRT Station, which will be part of a new integrated transport hub that will include a bus interchange. The transport hub will also feature a mixed-use development with retail and residential components.

According to Huttons Asia CEO Mark Yip, the strong demand at Bagnall Haus can be attributed to the pent-up demand for a new project in the area after a 15-year wait, as well as the rarity of a freehold development next to an MRT station.

He also noted that buyers recognised the potential benefits the upcoming transformation of the Bayshore precinct will bring to the area.

In conclusion, the launch of Bagnall Haus has been a success, with a high take-up rate and attractive prices for a well-located freehold development. With the upcoming transformation of the Bayshore precinct and its convenient location, the demand for the project is expected to remain strong.…