Month: March 2025

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

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

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

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

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

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

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

On March 3, private equity real estate firm SC Capital Partners Group announced the sale of its student accommodation asset in Sydney, Australia. The property, situated on Anzac Parade and Lorne Avenue in Kensington, was sold at a substantial premium from its purchase price, and a 19% increase from its current book value. The buyer of the asset was the University of New South Wales (UNSW) in Sydney.

SC Capital Partners acquired the property in 2016 for A$57 million, and the recent sale marks a significant return on investment for the firm. The purpose-built student accommodation spans 85,035 sq ft and includes 233 beds and a commercial podium on the ground floor. Its prime location within 600m of the UNSW Kensington Campus and full occupancy by UNSW make it a desirable asset for investors. In fact, in 2019, a new 20-year master lease was signed between the university and SC Capital Partners, ensuring long-term stability for the property.

When contemplating investing in a condo, it is crucial to evaluate the potential rental yield. This refers to the yearly rental income expressed as a percentage of the property’s purchase price. In the bustling city of Singapore, the rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer more promising rental yields. It is imperative to conduct thorough market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a specific Singapore Condo.

When making investments in Singapore, it is imperative for non-residents to have a thorough understanding of the regulations and limitations surrounding property ownership. While foreign investors have relatively unrestricted access to purchasing condominiums, strict rules are in place for the ownership of landed properties. In addition, foreign buyers must also abide by the Additional Buyer Stamp Duty (ABSD), which is currently set at 20% for their first property purchase. Despite this additional cost, the stable and promising growth opportunities of the Singapore real estate market continue to attract foreign investors, as seen through the ongoing interest in investing in Singapore Projects. This is evident in the continued demand for Singapore Projects by foreign buyers.

The recent sale is indicative of the growing interest and competitiveness in the Australian real estate market, as demonstrated by the increasing assets under management (AUM) of firms like SC Capital Partners. With the completion of this transaction, SC Capital Partners’ AUM has risen to $113 billion. The firm continues to explore opportunities for growth and strategic investments in the region.…

The stock price of City Developments declined by 5.47%, falling 28 cents, upon resumption of trading today after being halted on February 26. The company was also forced to cancel a results briefing at the last minute, as news of a rift between executive chairman Kwek Leng Beng and his son, group CEO Sherman Kwek, emerged.

CDL released a statement on March 3, saying that it will not comment on the validity of the allegations made in the news reports, as these allegations are currently being addressed in the ongoing court proceedings. The company reassures shareholders that its business operations remain unaffected and that Sherman Kwek will continue to serve as the Group Chief Executive Officer until further notice.

In light of the dispute within the board, analysts have downgraded their ratings and reduced their target prices for CDL. UOB Kay Hian’s Adrian Loh downgraded the stock from “buy” to “hold” on February 27, due to the company’s lower-than-expected FY2024 numbers and the public feud between the Kwek family members. He also revised his target price from $7 to $4.60, based on a price-to-book (P/B) ratio of 2 standard deviations below its five-year average of 0.72.

Similarly, in their note dated February 27, Derek Tan and Tabitha Foo of DBS Group Research see the potential for CDL’s fundamentals to remain strong despite the ongoing dispute. They note that the company’s valuation is currently at 0.5 times P/B and 0.3 times price-to-right issue net asset value (P/RNAV), which are lower than the lows seen during the Global Financial Crisis. The analysts, who maintained their “buy” call, lowered their target price from $10.50 to $6.70, based on a 60% discount to the RNAV, compared to the previous valuation multiple of 35%.

The decision to invest in a condo in Singapore is gaining popularity among both local and foreign investors, thanks to the country’s strong economy, stable political environment, and exceptional quality of life. The real estate market in Singapore is brimming with opportunities, and condos are especially appealing due to their convenience, amenities, and potential for high returns. In this article, we will delve into the advantages, factors to consider, and steps to take when making a condo investment in Singapore.

OCBC Investment Research also maintains a “buy” recommendation but has reduced their fair value from $6.57 to $6.02, based on a wider RNAV discount of 60%. They believe that uncertainties over the company’s outlook and potential overhang on its share price will remain until the board dispute is resolved.

Investing in a condominium (condo) in Singapore offers a host of advantages, with one of the most notable being the potential for capital appreciation. This island nation’s strategic position as a global business hub, combined with its robust economic foundation, results in a constant demand for real estate. The property market in Singapore has consistently shown an upward trend, with condos in prime locations experiencing particularly significant appreciation over the years. Savvy investors who enter the market at the right time and hold onto their condo investments for the long term can reap substantial gains in terms of capital.

Citi Research analyst Brandon Lee highlights the difficulty in quantifying the impact of this episode but notes that uncertainty surrounding the board and company leadership, as well as the potential lengthiness of a court case, could be a short-term overhang on the share price. However, he also believes that CDL is currently under-owned by investors, making a positive resolution to the dispute a potential catalyst for the share price in the long run. Lee maintains a “buy” rating with a target price of $9.51, based on the stock trading at less than a third of its book value.

In their note dated February 26, JP Morgan analysts Mervin Song and Terence M Khi refer to the situation at CDL as a “dynastic discord” resulting from years of frustration and underperformance within certain members of the Kwek family. They hope for a positive resolution and reconciliation among family members, but have reduced their target price from $6.05 to $4.85, based on a 60% discount to their RNAV estimate of $12.10 per share.…

The trustee of Elite UK REIT, Perpetual (Asia) Limited, has recently sold Crown Buildings, Caerphilly, located in Wales, for a total of GBP710,000. This price is at an 18% premium from its last valuation of GBP600,000 based on an independent evaluation conducted by CBRE at the end of 2024. The property was valued at GBP530,000 at the end of 2023.

The sale of Crown Buildings, Caerphilly was made in a bourse filing on March 3, where the manager of Elite UK REIT announced that the proceeds from the sale will be used to repay the REIT’s outstanding borrowings. The property, which has 20,712 sq ft of gross floor area, was considered vacant at the time of the sale.

The successful GBP28 million preferential offering by Elite UK REIT in January of 2024 had a positive effect on the company’s financials. This offering resulted in a reduction of their leverage ratio from 50.0% at the end of 2023 to 43.4% at the end of 2024, and their net gearing ratio decreased from 47.5% to 42.5%. It is worth noting that there are no debts maturing in 2025 and 2026, and the REIT’s next refinancing is not due until 2027. This shows that Elite UK REIT is in a strong financial position and is well-prepared for potential future growth opportunities.

The decision to invest in a condo in Singapore has become increasingly favorable among both local and foreign investors. This is largely due to the country’s strong economy, political stability, and exceptional standard of living. With a flourishing real estate market, Singapore offers a multitude of opportunities for property investment, with condos being a top choice for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, important factors to consider, and necessary steps to take when making a condo investment in Singapore. To learn more about investing in Singapore condos, click here.

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When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore Projects, the rental yields for condos can vary significantly based on factors such as location, property condition, and market demand. Generally, areas with high rental demand, like those near business districts or educational institutions, tend to offer higher rental yields. Conducting thorough market research and consulting with real estate agents can provide valuable insights into the rental potential of a specific condo in Singapore.…