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Perennial Holdings and Far East Organization have announced their latest project, Aurea, a luxury apartment tower that is part of the Golden Mile Singapore mixed-use development along Beach Road. The tower, designed by DP Architects, will consist of 188 units spread across 45 storeys. The project sits on a prime site measuring 144,908 sq ft and will include a link bridge connecting it to the neighbouring commercial building, The Golden Mile.

The Golden Mile was formerly known as Golden Mile Complex and has been preserved for its architectural heritage. It is the first building in Singapore to undergo collective sale and conservation. Perennial Holdings and Far East Organization acquired the building en bloc for $700 million in May 2022.

Aurea’s exclusive preview will begin on Feb 22 and the official launch is scheduled for Mar 8. The apartments will be priced at $2,750 psf. The units at Aurea will comprise a range of sizes, from two- and three-bedroom apartments to larger four- and five-bedroom units. There will also be two exclusive penthouses, one spanning 5,608 sq ft and the other 8,816 sq ft, both with private pools.

The four-bedroom and larger units will have private lift access, and the triplex penthouse will also include a private pool. These bigger units are expected to cater to the affluent lifestyles of CCR homebuyers, says Marcus Chu, CEO of ERA Singapore.

The remaining 60% of Aurea’s units will consist of two- and three-bedroom apartments, which are expected to appeal to both homebuyers and investors, according to Chu.

When considering investing in a Condo, it is essential to also assess its potential rental yield. Rental yield is the annual rental income compared to the purchase price of the Condo, expressed as a percentage. In Singapore, Condos’ rental yields can vary significantly depending on factors like location, property condition, and market demand. Areas with a high demand for rentals, such as near business districts or educational institutions, typically offer more favorable rental yields. To gain a comprehensive understanding of a Condo’s rental potential, conducting extensive market research and seeking guidance from real estate agents can be incredibly beneficial. Add Condo to rewritten paragraph.

Residents can look forward to a range of facilities at Aurea, including two infinity pools on levels three and 33, a gym, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions. The sky terraces on levels 17 and 33 will offer stunning views of the CBD skyline, Marina Bay, and the Kallang waterfront.

Ken Low, managing partner at SRI, states that buyers are looking for more than just a great location in their future homes. They want homes that enhance their daily lives, with thoughtful design and inspiring facilities and spaces. Aurea is set to deliver on all these criteria.

The commercial units at The Golden Mile, including 156 strata office units and 19 medical suites, were launched for sale in December 2024. The joint venture partners, Perennial and Far East, plan to retain ownership of the revamped two-storey retail atrium to curate the tenant mix.

Given the potential of the commercial space, especially office space, Gafoor believes that Golden Mile could attract buyers. He adds that today’s buyers prioritize quality projects near MRT stations and essential amenities. The Golden Mile is conveniently linked to the Nicoll Highway MRT station by an overhead bridge.

The scarcity of land in Singapore has caused a surge in demand for condos, making them a highly sought-after commodity. As a result of the country’s limited space and rapidly expanding population, strict land use regulations have been implemented, leading to a fiercely competitive real estate market. With property prices continuously on the rise, investing in real estate, particularly condos, has become a profitable opportunity for capital appreciation. By choosing to invest in a condo, individuals can reap the benefits of this lucrative market.

Golden Mile Singapore is just 1km away from the Kallang Alive Precinct and the Bras Basah-Bugis district and a 10-minute drive from the CBD. The last launch in the Beach Road neighbourhood was Midtown Modern, a 558-unit development that was fully sold with an average price of $2,825 psf. The project is expected to obtain TOP this year. The M, a neighbouring development with 522 units, was fully sold at an average price of $2,528 psf and was completed in March 2024.

Another development in the area, Midtown Bay at Guoco Midtown, was completed last year. Since its launch in 2019, about 63% of the 219 units have been taken up at an average price of $3,090 psf.

PropNex’s CEO Gafoor estimates that due to its prime location, luxury residences, and the iconic architectural heritage of Golden Mile, prices at Aurea could potentially cross $3,000 psf. He believes that the project will attract healthy interest from prospective homebuyers and investors due to the past success of launches in the district.

Aurea is expected to be completed in 2Q2029. Interested buyers can check out the latest listings for Aurea properties on the market.…

Elta, a new residential development from MCL Land and CSC Land Group, is set to be launched in Clementi. The property, which boasts 501 units, will be open for preview starting from Feb 7, with public sales beginning on Feb 22.

Located on a 99-year leasehold land site of approximately 144,788 sq ft, Elta is situated along Clementi Avenue 1 and comprises two 39-storey residential buildings. The units at Elta range from one-bedroom-plus-study units to five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. According to the developers, the project will be built in accordance with URA’s harmonisation guidelines.

The indicative pricing for Elta starts at $1.158 million ($2,289 psf) for one-bedroom plus study units, $1.388 million ($2,261 psf) for two-bedroom units, and $2.198 million ($2,374 psf) for three-bedroom units. Meanwhile, the indicative pricing for four and five-bedroom units starts at $2.798 million ($2,363 psf) and $3.888 million ($$2,189 psf), respectively.

Investing in real estate requires careful consideration of various factors, and location is undoubtedly one of the most important. This is especially true in Singapore, where the right location can significantly impact the value of a property. In fact, condos located in central areas or near crucial amenities, such as schools, shopping malls, and public transportation hubs, have a higher chance of appreciating in value. When it comes to prime locations in Singapore, places like Orchard Road, Marina Bay, and the Central Business District (CBD) stand out, with their consistent growth in property values over the years. Additionally, being in close proximity to good schools and reputable educational institutions only adds to the desirability of condos in these areas, making them an excellent investment opportunity for families. For more information on potential investment opportunities in Singapore, check out Singapore Projects.

The showflat at Prince Charles Crescent will feature three layouts, including a two-bedroom plus study unit that can be converted into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit suitable for multi-generational living. The development is conveniently situated within walking distance of Clementi MRT Station on the East-West Line and is also in close proximity to various dining and shopping options such as The Clementi Mall, 321 Clementi, and Grantral Mall.

In terms of education, Elta is near numerous schools, including Clementi Primary School, Pei Tong Primary School, Nan Hua Primary and High School, Anglo-Chinese School (Independent), and NUS High School of Math and Science.

The popularity of investments in Singapore has been steadily increasing in recent years. This is largely due to the country’s strong and stable economy, as well as its political climate and exceptional quality of life. The real estate market in Singapore offers an abundance of opportunities, with condos emerging as a top choice for their convenient location, desirable amenities, and potential for excellent returns. In this article, we will explore the advantages of investing in a condo in Singapore, along with the key factors to consider and necessary steps to take. investing in Singapore is an attractive option for many, thanks to the thriving economy, stable political landscape, and exceptional standard of living in the country. With its vast array of opportunities, the real estate market in Singapore presents a lucrative opportunity for investors, with condos being a particular highlight for their convenient location, desirable amenities, and potential for high returns. This article will discuss the benefits of investing in a condo in Singapore, important factors to keep in mind, and essential steps to take.

According to Lee Tong Voon, CEO of MCL Land, Elta is designed to provide residents with an elevated living experience, with its high-rise towers strategically positioned to offer the best views of the city, Pandan Reservoir, and the sea. Qian Liang Zhong, chairman of China Construction (South Pacific) Development Co (CCDC), the parent company of CSC Land Group, adds that Clementi is a popular and dynamic town that seamlessly blends traditional shops and modern conveniences.

Elta will feature 50 facilities spread across five zones, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner. It is expected to obtain its temporary occupation permit in 2028. For those interested in Elta, you can check out the latest listings on Condominium properties on Ask Buddy. Additionally, you can compare the price trend of Condo new sale vs EC new sale, look into the condo projects with the most expensive average PSF, and explore condo transactions with the highest profits in the past year. For a broader perspective, you can compare the price trend of HDB vs Condo vs Landed properties in the area. If you’re looking for a condo rental listing in District 5, you can also find that information on Ask Buddy.…

An expansive warehouse and factory, situated in the industrial area of Gul Circle, is currently available for purchase through an expression of interest at a starting price of $42 million. Knight Frank Singapore, the exclusive marketing agent for this property, announced the opportunity.

When purchasing a condominium, it is crucial to take into account the maintenance and management of the property. Condos generally have maintenance fees which cover the maintenance of shared spaces and amenities. Although these fees may increase the overall cost of owning a condo, they play a vital role in maintaining the property’s condition and preserving its value. Hiring a property management company can be beneficial for investors as they can handle the daily management tasks of the condo, making it a less involved investment. To explore more options for condominium investments, consider checking out Singapore Projects.

The property is a leasehold five-storey factory and warehouse, with a mezzanine comprising four levels. It has a total gross floor area of approximately 245,955 sq ft. The site measures 105,648 sq ft and has a remaining lease of 15 years and 11 months, as of February 1. It is designated as a Business 2 site under the URA Master Plan 2019.

The property is designed to cater to modern industrial needs, featuring high ceilings for storage and operations. It also includes cold rooms, heavy floor loading capabilities, and other amenities to accommodate various industries. Additionally, the property boasts nine 40-footer loading and unloading bays with dock levelers, as well as four cargo and service elevators.

The location of the property offers convenient access to major expressways such as the Ayer Rajah Expressway (AYE) and the Pan-Island Expressway (PIE). Joo Koon MRT station is also situated nearby.

Investors must carefully consider the maintenance and management aspect when purchasing a condominium. This is because condos usually come with maintenance fees that cover the upkeep of shared spaces and amenities. Although these fees may increase the overall cost of the property, they play a crucial role in preserving its condition and value. To ease the burden of managing their condos, investors can hire a property management company to handle the day-to-day tasks. This can turn the investment into a more passive income stream. Singapore Projects should also be taken into consideration.

The expression of interest period will end on March 18 at 3pm. Interested parties are advised to explore this opportunity further. Other industrial properties on offer include a two-storey building near Tuas Second Link for $8 million and two sites by JTC for sale in the first half of 2020.…

According to a report by Colliers in February, the prices and rents of industrial properties in Singapore are expected to moderate this year due to an increase in supply and weaker demand. The firm predicts that the overall annual rental and price growth for industrial properties will slow down to between 0% to 2% in 2025, compared to the 3.5% growth in 2024.

Colliers notes that the latest data from JTC for the fourth quarter of 2024 shows that the market is starting to lose momentum. The JTC All Industrial rental index recorded its 17th consecutive quarter of growth, increasing by 0.5% compared to the previous quarter. However, this is a significant drop from the 8.9% growth recorded in 2023. The price index also grew by 0.5% in the fourth quarter of 2024, a decrease from the 1.2% growth in the previous quarter. In 2024, industrial property prices rose by 2.1%, which is less than half of the 5.1% increase in 2023.

Colliers predicts that the supply of industrial space will increase this year, with more than double the supply in 2024 before slowing down from 2026 onwards. This surge in supply has resulted in an imbalance between supply and demand, with some segments of the market seeing slower commitments or lower occupancy in completed projects. The report also states that the higher supply and cautious attitude among occupiers, due to high interest rates and rising operating expenses, will continue to dampen rental growth. Additionally, concerns over trade protectionism have brought uncertainty to the global market, potentially affecting business confidence and investment decisions.

On the positive side, Colliers expects demand for industrial properties to be driven by the semiconductor, logistics, and advanced manufacturing sectors. It also predicts that industrial leasing activities will gradually increase as policies become clearer and market sentiments improve, supported by the ongoing upturn in the chip cycle.

However, with the increase in supply and the projected slowdown in rental growth, this could be a good year for tenants with more options in the market. According to Colliers, new industrial developments with modern specifications may entice businesses to relocate from older spaces to newer projects. Nicolas Menville, Executive Director and Head of Industrial Clients for Colliers, believes that the increase in supply could lead to a shift in the market as businesses look for more modern spaces. To find out more about industrial properties, you can check out the latest listings and past transactions.

One of the main drivers behind the popularity of condos in Singapore is the scarcity of available land. As a small but populous island country, Singapore has limited space for development, leading to strict land use regulations and a highly competitive real estate market. As a result, condo investments are seen as highly profitable, with the potential for significant capital appreciation. Singapore Projects have become a sought-after choice for those looking to invest in the country’s real estate market.

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Investing in real estate requires careful consideration of various factors, one of the most important being location. This is particularly true in Singapore, where the value of condos is greatly influenced by their location. Proximity to key amenities such as schools, shopping centers, and transportation hubs can significantly impact the appreciation of a condo’s value over time. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown substantial growth in property values, making them highly desirable for condo investments. Families, in particular, seek out these areas due to the presence of reputable schools and educational institutions, further driving up the popularity and potential for appreciation of condo investments in these locations. Therefore, for those looking to invest in a valuable property in Singapore, careful consideration of the condo’s location is crucial.…

Tan Boon Liat Building, a popular industrial property situated at 315 Outram Road, is now available for collective sale through public tender. The reserve price for this freehold site is set at $1.15 billion. The building, which boasts a prime location next to the Havelock MRT Station on the Thomson-East Coast Line (TEL), occupies two separate land plots designated for “Business 1” use, with a combined area of approximately 175,655 square feet.

Currently, the building houses a 15-storey structure that is well-known for its array of furniture and home decor stores.

According to Cushman & Wakefield, the property’s advisor and marketing agent, on January 22, the Urban Redevelopment Authority (URA) issued an Outline Planning Advice recommending that the site be rezoned as “Residential with Commercial at 1st Storey”, with a plot ratio of 4.9, up from the current 3.1. This would result in a 50% increase in the maximum permissible gross floor area (GFA). Cushman & Wakefield adds that URA has also advised on the amalgamation of several remnant state land plots into the main plot. The estimated size of these state land plots is 20,451 square feet, subject to the final survey and approval by the relevant authorities.

When it comes to investing in condos in Singapore, one crucial factor to consider is the government’s property cooling measures. Over the years, the Singaporean authorities have implemented various measures to control speculative buying and maintain a steady real estate market. A prime example is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment. Moreover, with the constant influx of new condo launches, there are always opportunities for investors to make smart investment decisions in the Singapore condo market.

Cushman & Wakefield estimates that the site’s potential GFA, including the state land plots and any bonus GFA entitlement, is over 1.06 million square feet. The commercial component on the first storey could potentially cover an area of up to 16,146 square feet.

Additionally, as part of the residential allocation, a minimum GFA of about 161,459 square feet must be dedicated to Serviced Apartments II (SA2), where a minimum three-month stay is required. The permissible heights for the new development range from 130m to 180m.

Based on the reserve price, including land betterment charges on rezoning, the estimated premium payable on the remnant state land and the 10% bonus GFA applicable to the residential portion, the estimated land rate comes to around $1,888 per square foot per plot ratio.

Recent industrial sales transactions at Tan Boon Liat Building (Source: EdgeProp Buddy)

According to Christina Sim, senior director of capital markets at Cushman & Wakefield, this site will appeal to developers due to its freehold tenure and prime location on the TEL, which will be a major draw among homebuyers.

She adds, “The most significant advantage, however, is that there will be no Additional Buyer’s Stamp Duty (ABSD) imposed on the potential purchase, as the original site currently has a “Business 1” zoning.”

In summary, purchasing a condo in Singapore offers a range of benefits, such as strong demand, the potential for increased value, and attractive rental returns. Nevertheless, it is crucial to carefully evaluate various factors before investing, including location, financing options, government regulations, and overall market conditions. Through thorough research and seeking expert guidance, individuals can make well-informed decisions and maximize their profits in the constantly evolving real estate market of Singapore. Whether you are a local investor aiming to diversify your portfolio or a foreign buyer seeking a stable and lucrative investment, condos in Singapore present an enticing opportunity.

The tender for this site will close on March 18 at 3pm.

Ask BuddyCompare price trend of Condo new sale vs EC new saleMost unprofitable landed transactions in past 1 yearCondo projects with most unprofitable transactionsPast Condo sale transactionsUpcoming new launch projectsCompare price trend of Condo new sale vs EC new saleMost unprofitable landed transactions in past 1 yearCondo projects with most unprofitable transactionsPast Condo sale transactionsUpcoming new launch projects…

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Singapore is a bustling city known for its towering skyscrapers and advanced infrastructure. Among its urban landscape are contemporary condominiums, strategically situated in prime locations, that offer a perfect fusion of luxury and convenience. These sought-after residences have caught the attention of both locals and foreigners alike. This is due to the fact that they are equipped with top-notch facilities, such as swimming pools, fitness centers, and reliable security services, that elevate the overall living experience. As a result, they have become highly desirable for potential tenants and buyers. For investors, these impressive features translate to higher rental returns and a steady appreciation of property value in the long run. If you’re on the lookout for a lucrative investment opportunity, consider checking out the latest Singapore Projects for a chance to own a piece of this thriving city.

A new price record has been set at Park Nova as the largest penthouse has been recently sold. The five-bedroom unit on the 20th floor, measuring 5,899 sq ft, was sold by the developer for $38.888 million, which translates to $6,593 psf. This transaction, recorded on URA Realis database on Jan 21, marks the highest price ever recorded for a unit at Park Nova in terms of both absolute price and psf-price.

Previously, a 4,499 sq ft penthouse had held the record for both absolute price and psf-price when it was sold in May 2021 for $26.026 million ($5,784 psf). This latest transaction also secures the second-highest psf-price ever registered for a condo unit in Singapore, with the top spot still held by a unit at The Marq on Paterson Hill. Back in 2011, a four-bedroom unit measuring 3,089 sq ft on the 20th floor of the development was sold for $20.54 million, or $6,650 psf.

For potential buyers, the article recommends keeping an eye on the latest new launches to stay informed about transaction prices and available units. As for Park Nova, the penthouse sold on Jan 21 is believed to be part of a collection of properties linked to a $3 billion money laundering case and was previously reported to have been sold in 2021 for $34.438 million ($5,838 psf).

Singapore’s limited land availability has caused a surge in demand for condos in the country. Being a small island nation with a rapidly growing population, Singapore is facing a scarcity of land for development. To address this issue, the government has implemented strict land use policies, resulting in a highly competitive real estate market. As a result, the prices of properties, especially condos, continue to rise, making real estate investment a lucrative opportunity for investors looking for capital appreciation. With Singapore Condo being a part of this dynamic market, it is no surprise that it has become a sought-after choice for investors.

The penthouse sold on Jan 21 is the third unit that the developer has sold within a month, based on caveats lodged. On Jan 17, a four-bedroom apartment measuring 2,906 sq ft on the 19th floor was sold for $16.59 million ($5,708 psf), followed by another four-bedroom unit measuring 2,896 sq ft on the 18th floor, which was sold for $15.99 million ($5,522 psf) on Dec 27, 2024.

Park Nova is a freehold luxury condo located at the intersection of Orchard Boulevard and Tomlinson Road in prime District 10. Developed by Hong Kong’s Shun Tak Holdings, the development received its temporary occupation permit in November last year. Those interested in Park Nova properties can check out the latest listings or ask the EdgeProp Buddy for more information.

To get a better understanding of the project, potential buyers can also refer to the site plan and diagrammatic chart for Park Nova, compare the price trend of Condo new sale versus EC new sale, and view the number of units in the development. A price trend graph for new launch condos in District 10 can also be generated, along with a project summary for Park Nova condo.

In other related news, a freehold bungalow at 11 Claymore Road is now on the market for $95 million, while Pullman Residences Newton has hit a new high of $3,671 psf. There is also an update on the average price of luxury condos in 2022, which has seen a 7% year-on-year dip.…

CapitaLand Investment (CLI) has recently acquired a freehold land parcel in Osaka to develop its first data centre in Japan. The estimated investment for this project is over US$700 million, or $944.3 million, with a secured power capacity of 50 megawatts (MW).

CLI has expressed that the data centre will be equipped to support artificial intelligence (AI) capabilities, and will also prioritize energy-saving solutions such as advanced cooling technologies. In addition, the data centre will adhere to industry best practices for temperature management, and use environmentally friendly products with zero ozone depletion potential or with a global warming potential (GWP) of less than 100.

According to Manohar Khiatani, senior executive director of CLI, the acquisition is in line with the group’s digitalization investment theme and will strengthen its presence in Japan, one of its focus markets. Khiatani also states that CLI’s strong financial standing allows them to strategically invest in high-quality assets, including data centres for their future private funds. He notes that Japan is a Tier 1 data centre market which is expected to experience immense growth.

In summary, investing in a condominium, or condo, in Singapore presents a plethora of benefits. These include a high demand for such properties, potential for capital growth, and attractive rental yields. However, it is crucial to carefully consider various factors before committing to such an investment. These include the condo’s location, available financing options, government regulations, and overall market conditions. By conducting thorough research and seeking professional guidance, investors can make well-informed decisions and maximize their potential returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, condos in Singapore offer a compelling opportunity. So, why not consider investing in a condo today and reap the benefits that this dynamic market has to offer.

Japan is projected to have a compound annual growth rate (CAGR) of 10% from 2023 to 2038, reaching US$38.7 billion. Additionally, with a capacity of 1.4 gigawatts, Japan is currently the largest data centre market in Asia Pacific outside of China. Khiatani highlights that major cloud service providers such as Amazon Web Services, Google Cloud, Microsoft Azure, and Oracle already have a presence in Osaka, making the acquisition well-positioned to capture the demand in the city’s established data centre cluster.

Michelle Lee, managing director of private funds (data centre) at CLI, states that the demand for data centres is expected to continue growing at a double-digit rate, exceeding the supply of new data centres. She also says that there is significant institutional interest in data centre investments, with 97% of investors planning to increase their overall investment in this sector.

When purchasing a condominium, it is crucial to also take into account the maintenance and management aspects of the property. These types of properties usually come with maintenance fees that cover the upkeep of communal areas and facilities. While this may increase the overall cost of owning a condo, it ultimately guarantees that the property will be well-maintained and maintain its value. For a more hands-off approach, investors can enlist the help of a property management company to handle day-to-day tasks, making it a more passive investment. Additionally, keep an eye out for new condo launches that may offer attractive investment opportunities.

Since October 2020, CLI has raised US$600 million for its data centre development funds in Asia and will use this momentum to identify potential investment opportunities for its private fund investors. The group has added 23 data centres to its global portfolio this year, and the CapitaLand Group now has 27 data centres across Asia and Europe with a total power capacity of 800 MW and $6 billion in assets under management.

On Feb 3, shares in CLI closed at $2.42, down 1.63% or 4 cents. In addition to this recent development in Japan, CLI has also announced its plans to increase its presence in Australia with an A$200 million acquisition.…

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.…