Freedo Condo

City Developments Limited (CDL) has announced that it has divested assets worth over $600 million in the past year as part of its capital recycling strategy. According to the company, there are more divestments in the pipeline, although the total amount falls short of the $1 billion target set in early 2024 due to the slowdown in deals across different markets and asset classes.

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Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage choices available, but it is crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take, taking into account their income and current debt obligations. To make well-informed decisions about financing, it is recommended to understand TDSR and seek guidance from financial advisors or mortgage brokers. This will help investors avoid over-leveraging and consider projects in Singapore, such as Singapore Projects, for their investment.

Some of the completed divestments include the Ransome’s Wharf site in London, the freehold 8-storey industrial building Cideco Industrial Complex in Singapore, and various strata units at Citilink Warehouse Complex, Cititech Industrial Building, Fortune Centre, and Sunshine Plaza in Singapore.

Despite facing challenges in the current market conditions, the company remains optimistic and has achieved good momentum in its divestment plans. Group CEO Sherman Kwek says, “The asset divestments reflect our focus on accelerating our capital recycling initiatives. We will continue to push forward with our divestment plans to optimize our capital management and align our portfolio with our strategic objectives, ultimately maximizing shareholder value.”

Investing in a condo is a pivotal step in the real estate market. Singapore is home to diverse mortgage options, but it is crucial to have a comprehensive understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the amount of loan a borrower can obtain based on their income and current debt commitments. To make sound decisions regarding financing, it is advisable to collaborate with financial advisors or mortgage brokers who possess knowledge about TDSR. This partnership can prevent investors from overleveraging and guide them towards their financial goals. As you explore different financing options, keep in mind Singapore Projects.

Another notable divestment is the retail and office components of Hong Leong City Centre (HLCC), a mixed-use development in Suzhou, which is under contract and expected to be completed this quarter.

CDL’s shares closed at $5.05 on January 16, with a 0.2% decrease for the day and a 20.97% decrease over the past year. The company is committed to further optimizing its portfolio through strategic divestments while remaining focused on its long-term goals. Ask Buddy for more information on Sunshine Plaza properties and other real estate trends.…

A charming two-storey bungalow, occupying a prime freehold site at 11 Whitley Road, has been put on the market for sale through a tender with a guide price of $31.88 million. The spacious property sits on an elevated land parcel measuring 15,276.27 square feet, making the guide price equivalent to $2,087 per square foot of land.

The bungalow, which has been recently rebuilt and expanded with a rear extension in 2016, features five bedrooms – three of which are en suite – as well as two living rooms, two dining rooms, a generously-sized and well-equipped kitchen, and a helper’s room. The property boasts a desirable location and offers a plethora of possibilities for potential buyers.

In recent years, purchasing a condominium in Singapore has gained immense popularity among local and foreign investors. This comes as no surprise, given the country’s strong economy, political stability, and exceptional quality of life. With its thriving real estate market, Singapore offers a plethora of opportunities, and condos are a particularly attractive choice due to their convenience, modern amenities, and potential for attractive returns on investment. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore. To further enhance your investment options, be sure to explore Singapore Projects.

The land parcel on which the bungalow stands is ideal for redevelopment, with the potential to be subdivided into eight terraced houses ranging in size from 1,614 to 2,389 square feet. The total gross floor area for the redevelopment could reach up to 21,528 square feet, subject to land betterment charges, according to Aric Lim, the associate district director of Huttons Asia, the property’s exclusive marketing agent.

“This is likely the largest plot of land available along Whitley Road,” says Lee Sze Teck, senior director of data analytics at Huttons Asia. He also emphasizes that the guide price of $2,087 per square foot based on land is highly competitive compared to recent sales of new semi-detached houses in the same area, which have sold for more than $3,000 per square foot.

The demand for condos in Singapore continues to skyrocket, with one of the main factors being the scarcity of land. As a small and densely populated island nation, Singapore faces limited space for development. As a result, the government has implemented strict land use policies and this has created a highly competitive real estate market, where property prices remain consistently high. This has made investing in real estate, particularly condos, a profitable opportunity, with the potential for significant capital appreciation. With the addition of Singapore Projects, the demand for condos in Singapore is expected to continue to rise.

The property’s exceptional location, being only 700 meters from the Novena MRT Station and in close proximity to popular shopping destinations such as Velocity at Novena Square, Square 2, United Square, and Zhongshan Park, adds to its appeal.

The tender for 11 Whitley Road will close on February 12th, giving interested parties ample time to make their bids for this magnificent property.…

GuocoLand has secured two green facilities from DBS Bank and Oversea-Chinese Banking Corporation (OCBC). One is a $1.135 billion green facility for refinancing Guoco Midtown, and the other is a $105 million green facility for refinancing Midtown Bay.

The $1.135 billion green facility for the refinancing of Guoco Midtown is the largest to date for the property developer. The company has raised these green facilities under its Green Finance Framework and has secured about $5 billion of green financing to date. This includes green facilities for other developments such as Guoco Tower, Lentor Mansion, Lentor Modern, Midtown Modern, and the upcoming Upper Thomson Road Development.

Speaking about the new financing, Group CFO of GuocoLand, Andrew Chew, states that it allows the company to optimize its capital structure while staying true to its commitment to creating thoughtfully designed spaces that balance economic, environmental, and social factors.

Shares in GuocoLand closed flat at $1.45 on Jan 15. The company has been active in securing new leases and developments, with recent news of Porsche Singapore opening a duplex showroom at Guoco Midtown and Publicis Groupe leasing 55,000 sq ft at the office tower. Guoco Midtown offers a glimpse into the future of work with its Network Hub, providing a collaborative space for businesses.

The property developer remains committed to sustainable development and green financing, with the recent additions of the two facilities from DBS Bank and OCBC furthering its efforts. As GuocoLand continues to expand its portfolio and make strides in sustainable development, investors can expect to see more green financing and a focus on creating thoughtfully designed spaces.

Investing in a condominium can be a wise financial decision, offering a multitude of long-term benefits. One major advantage of this type of investment is the potential for the condo’s value to appreciate over time, making it a valuable asset in one’s portfolio for future endeavors. Including a condo in one’s investment portfolio can also serve as collateral, providing opportunities to secure funding for other real estate ventures. However, it is crucial to carefully evaluate any potential risks before embarking on this strategy. Crafting a well-thought-out financial plan is crucial for success, as it is essential to consider how market fluctuations could impact the investment. With careful consideration and a well-crafted plan, incorporating a condo into one’s investment strategy can greatly increase the potential for higher returns. Therefore, approaching this venture with thorough planning and careful consideration is imperative for achieving success as a savvy investor.

When it comes to investing in real estate, the location is a crucial factor that cannot be overlooked. This holds particularly true in Singapore, where the value of condos is greatly influenced by their location. Condominiums that are situated in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs have shown to have a higher appreciation in value. This can be seen in prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown growth over the years.

In addition to their strategic location, condos in these prime areas are also highly sought-after by families due to their proximity to good schools and educational institutions. This further increases their investment potential, making them a wise choice for investors. One such highly desirable condominium investment option is Singapore Condo. Its prime location coupled with its reputation as a family-friendly condominium make it a top choice for investors looking to make a profitable real estate investment in Singapore.…

The demand for condos in Singapore remains strong, and one of the key factors driving this trend is the limited land availability in the country. With a rapidly growing population and being a small island nation, Singapore is faced with a scarcity of land for development. As a result, strict land use policies are in place and the real estate market is fiercely competitive, leading to consistently rising property prices. It’s no wonder that investing in real estate, particularly condos, is seen as a highly profitable venture, with the potential for significant capital appreciation. This is further bolstered by the numerous Singapore Projects that attract both local and foreign investors.

Roxy Square, a freehold mixed-use development situated in the charming district of Katong, is set to be relaunched for collective sale, as announced by marketing agent JLL.

The development, which comprises of 296 shops, 26 apartments and the 576-room Grand Mercure Roxy Hotel, was previously put up for tender last July with a minimum price of $1.25 billion. However, the tender closed on Sept 26 with no buyers.

In light of this, JLL has reported that the owners of the development are currently in the process of signing a supplemental agreement to lower the collective sale price by 10.8% to $1.115 billion. This proposed lower price will only go through with support from at least 80% of the owners, which is currently being obtained as over 70% of owners are already in favour of the reduction.

Under the new price, the development is expected to have a unit land rate of $1,852 psf per plot ratio (ppr). This includes a Land Betterment Charge (LBC) at the gross plot ratio of about 3.86. Factoring in an additional 10% bonus gross floor area (GFA) for the residential component and the LBC, the land rate will be $1,804 psf ppr, according to JLL.

Commenting on the appeal of Roxy Square, JLL Singapore’s executive director of capital markets, Tan Hong Boon, says: “The private residential market in Katong has shown strong underlying support. Recent launches like Meyer Blue and Emerald of Katong have garnered impressive sales, boosting developers’ confidence in Roxy Square’s potential.”

Roxy Square enjoys a convenient location between Holiday Inn Express Singapore Katong and Katong Plaza, and is also next to Marine Parade MRT Station (Thomson-East Coast Line) with a direct underground connection. Coupled with its freehold tenure and established heritage locale, the development offers excellent accessibility to amenities.

Completed in 1996, Roxy Square has a gross floor area (GFA) of 668,000 sq ft and is partially zoned for commercial and residential use under the 2019 Master Plan, with a gross plot ratio of 3.0, along East Coast Road. The portion of the development that fronts Marine Parade Road is zoned for hotel use.

Based on recent planning advice from URA, the entire Roxy Square site has the potential to be rezoned for commercial and residential use, and could be redeveloped into a high-rise mixed-use development with a height of up to 75m.

According to JLL, the redevelopment of the site could potentially yield over 350 residential units, approximately 80,000 sq ft of retail and F&B space, and an additional 172,000 sq ft for office, hotel, or other commercial uses. The development also enjoys accessibility to East Coast Parkway (ECP) and Nicoll Highway, and is part of the Round-Island Route and Park Connector Network.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art facilities. The popularity of condos, situated in prime locations, has soared among both locals and foreigners due to their fusion of opulence and convenience. These lavish accommodations boast a plethora of facilities including but not limited to swimming pools, fitness centers, and security services, elevating the standard of living and rendering them alluring for potential renters and purchasers. For property investors, these sought-after features equate to higher rental returns and an appreciation in condo values over time. Condos truly offer the best of both worlds.

Tan adds: “The proposed reduction in reserve price, if supported by the majority owners, enhances the site’s appeal, especially considering the area’s consistent demand for quality residences. This sale will aim to thoughtfully shape a key part of Singapore’s East Coast for the future.”

The tender for Roxy Square is set to close on Feb 18 at 3pm. Interested buyers can check out the latest listings for Roxy Square properties and compare the price trend of new sale condos, resale condos, and ECs. They can also find out about landed transactions with the highest profits in the past year and the most unprofitable transactions.…

Investing in a Singapore condo offers numerous advantages, with one of the leading ones being the potential for capital appreciation. The country’s advantageous location as a global business hub, along with its robust economic fundamentals, results in a continuous demand for real estate. Over the years, the real estate market in Singapore has displayed a consistent upward trend, particularly in prime locations where condos have experienced significant appreciation. By entering the market at the right time and holding onto their properties for the long haul, investors can reap significant capital gains from their condos in Singapore.

The Arcady at Boon Keng, a new freehold condominium consisting of 172 units, will become an iconic residence in the heart of Boon Keng upon its completion in 2027. Developed by KSH Holdings, SLB Development and H10 Holdings, in collaboration with award-winning architectural firm, Park + Associates, this project promises to be a standout in the neighbourhood with its modern architecture and dense green spaces.

Since its launch in January, the project has received positive response from both local buyers and investors. The well-designed unit layouts, especially the one-bedroom plus study units and two-bedroom units, have appealed to many. Families have also shown great interest in the spacious units and the project’s family-friendly amenities.

Located in the city fringe, The Arcady at Boon Keng offers a rare opportunity for buyers to invest in an affordable freehold development. It is one of the few freehold projects launching this year in the area, making it a highly sought-after property.

Creating an urban oasis

The Arcady at Boon Keng is envisioned as an urban oasis with a curated landscape design that complements its bold architectural form. Developed by Park + Associates and landscape architects Ecoplan Asia, the project boasts a tiered design that leads from the Grand Arrival to the ground floor landscape deck, providing residents with a unique outdoor experience.

The development utilizes a multi-layered design to maximize greenery and combine various facilities into a ‘one-stop’ zone on just two floors. This efficient use of space can also be seen in other areas such as the Social Deck, Kids Playground, and Family Deck. The facilities include an infinity pool, spa pool, and family pool, with an indoor retreat at the second-storey Sky Terrace.

Luxurious living at its finest

In addition to the initial investment, it is crucial to take into account the maintenance and management of a condo. These types of properties typically come with monthly maintenance fees that cover the upkeep of communal spaces and amenities. While this may increase the overall cost of ownership, it also guarantees that the condo will remain in excellent condition and hold its value. For investors looking for a more hands-off approach, hiring a property management company can assist in the day-to-day management of the condo, making it a more passive investment.

Residents can indulge in a range of facilities designed for their diverse lifestyles and needs. From the Botanic Club and Community Garden on the rooftop to the Gourmet Vista on the 14th floor, which offers a 360-degree view of the skyline, The Arcady at Boon Keng provides an unparalleled living experience.

The residential tower and unit orientation have been carefully planned to capture the best views of the Kallang River. The development also minimizes traffic noise by tilting the units away from the main road. With an impressive 47 condo facilities spread over 4,000 sq m, every household will have access to their own pocket of excitement.

Efficient unit layouts for families

The developers have designed the units to be spacious and comfortable for families. The master bedroom can fit a king-sized bed, and the common bedrooms can accommodate a queen-sized bed. The project has seen strong sales for its larger units, including three-bedroom units, three-bedroom plus study units, and four-bedroom units. There are also two penthouses available for those looking for a luxurious living experience.

The Arcady at Boon Keng is conveniently located near reputable schools such as Bendemeer Primary School, Bendemeer Secondary School, St Andrew’s Junior School, and Hong Wen School. Residents can also enjoy the amenities at Woodleigh Mall and Bendemeer Mall, which are just a short distance away.

Ideal location and competitive pricing

The Arcady at Boon Keng is a rare find, offering a freehold property in a central location with easy access to major expressways like the CTE and PIE. It is also in close proximity to the upcoming Kallang Alive Masterplan, which will see the development of new sports and leisure facilities in the area.

With an average selling price of $2,570 psf, The Arcady at Boon Keng is attractively priced for its location. This makes it an ideal investment as well as a desirable home for families looking for convenience and luxury. The project is expected to draw interest from HDB upgraders and MOP units from the Bidadari estate.

Interested buyers can contact the developers’ appointed marketing agencies or visit the sales gallery, located beside City Square Mall.…

Savills Singapore has been appointed as the marketing agent for a portfolio of freehold strata retail units in Lucky Plaza, with an asking price of $52.6 million. Lucky Plaza, a popular mixed-use development located at Orchard Road, features both a residential tower and a six-storey mall with a basement.

The significance of location cannot be underestimated in the world of real estate investment, particularly in a vibrant city like Singapore. It is crucial to consider investing in a Condo that is situated in a prime location or near important amenities such as schools, shopping centers, and public transportation hubs as it has the potential to yield higher returns. The thriving districts of Orchard Road, Marina Bay, and the Central Business District (CBD) are excellent examples of highly sought-after locations where property values have consistently shown a gradual increase over time. Moreover, these areas boast prestigious schools and educational institutions, making Condos an appealing investment for families. Condo is a valuable addition to the real estate market in these prime locations.

The scarcity of land in Singapore is a major factor driving the high demand for condos in the country. As a small island with a rapidly increasing population, Singapore is facing a shortage of land for development. In response, the government has implemented strict land use policies and created a competitive real estate market where property prices continue to rise. This makes investing in real estate, especially in condos, a highly profitable choice as it promises significant capital appreciation. This is why many are turning to Singapore Projects as a smart investment option.

The portfolio comprises 14 retail units spanning the basement and first two levels of the mall. Ranging in size from 118 to 3,046 square feet, these units make up a total strata area of 7,266 square feet.

According to Sophia Lim, Director of Investment Sales and Capital Markets at Savills Singapore, the highlight of this offering is the food court, which spans seven adjoining strata units and can accommodate 11 stalls. Other businesses currently operating in the remaining units include a pub, retail shops, beauty service providers, and a maid agency.

Lim expects these retail units to benefit from high foot traffic, as they are located in the bustling Lucky Plaza. The basement food court, in particular, enjoys consistently strong crowds on a daily basis.

Interested buyers can purchase the entire portfolio at an asking price of $52.6 million or opt for individual strata units, priced from $1.1 million onwards. Foreigners and companies are eligible to make purchases without incurring additional buyer’s or seller’s stamp duty.

Lim also believes that prime strata freehold retail assets are highly sought-after among investors due to their scarcity and URA’s prohibition on further strata subdivision of commercial properties along Orchard Road. With URA’s planned revitalisation of the Orchard precinct, Lucky Plaza is expected to see further upside in terms of rental growth and capital appreciation.…

The Government Land Sale (GLS) site at Tengah Gardens Avenue has closed with three bids, after the tender closed on Jan 14. The top bid of $675 million, or $821 psf per plot ratio (ppr), was submitted by a consortium led by Hong Leong, together with GuocoLand Singapore and CSC Land Group.

The Government Land Sale (GLS) tender for the site at Tengah Gardens Avenue has closed on Jan 14 with three bids submitted. The top bid of $675 million, or $821 psf per plot ratio (ppr), was submitted by a consortium led by Hong Leong, including GuocoLand Singapore and CSC Land Group.

The 99-year leasehold site, which is zoned ‘Residential with Commercial at 1st storey’, measures approximately 273,906 sq ft with a maximum gross floor area (GFA) of 821,720 sq ft. According to URA’s estimation, the site has the potential to yield up to 860 residential units.

If awarded, the Hong Leong-led consortium plans to develop an 860-unit condo, taking advantage of the upcoming Jurong Region Line (JRL) nearby which will enhance connectivity. Loke Kee Yeu, general manager (Projects) at Hong Leong Holdings Limited, believes that the JRL will contribute to the growth of the new Tengah estate.

The Tengah Gardens Avenue site is located near the upcoming Hong Kah MRT Station on the JRL, which will be one stop from the upcoming Tengah Town Centre and offer a direct route to the second CBD at Jurong Lake District.

The top bid of $821 psf ppr for the site is only 0.73% higher than the second-place bid of $815 psf ppr, submitted by Chinese developer Kingsford Group. Local developer Sim Lian Group submitted the third and final bid of $812 psf ppr.

Despite the increase in homebuyer activity seen at the end of 2024, developers remain cautious, according to Leonard Tay, head of research at Knight Frank Singapore. Another GLS site at Dairy Farm Walk closed on Jan 14 with only two bids received.

Tay believes that developers may have chosen to focus on existing sites that are preparing for launch in 2025. He also notes that the tight bid price spread (less than 1%) indicates that developers are being more conservative in their bids.

Mark Yip, CEO of Huttons Asia, suggests that developers are trying to keep their land bids reasonable in order to maintain an attractive selling price for buyers. He expects to see more developers submitting joint bids for GLS sites this year in order to diversify their risks. This may be one of the reasons behind the consistent trend of receiving only three bids for GLS tenders.

Marcus Chu, CEO of ERA, suggests that the low number of bids may also be due to the current availability of GLS sites. He believes that with seven sites still open for tender and six more to be launched in the first half of 2025, developers are taking a cautious approach and weighing their options amidst moderated interest rates.

Moreover, Justin Quek, CEO of OrangeTee & Tie, points out that developers may have been considering bidding on a different GLS site along Lakeside Drive and Lakeside MRT, which is scheduled to launch for tender in April 2025. This could have also affected the interest in the Tengah Gardens Avenue site.

If awarded, the Tengah Gardens Avenue site will be the first private residential site in the Tengah HDB township, apart from Executive Condominiums (EC). Copen Grand, the first EC in the estate, was successfully launched for sale in 2022 and sold out within a month. The joint developers, City Developments Ltd (CDL) and MCL Land, secured the EC site with a winning bid of $400.32 million, or $603 psf ppr, in May 2021.

When purchasing a condo, it is crucial to take into account the maintenance and management of the property. In most cases, condos come with maintenance fees that cover the maintenance and upkeep of common areas and amenities. While these fees may increase the overall cost of ownership, they also guarantee that the property stays in good condition and maintains its value. Hiring a property management company can assist investors in managing their condos on a daily basis, making it a more passive investment.

The opportunity to launch the first private condo in the new Tengah estate may have attracted the Hong Leong-led consortium, according to ERA’s Chu. He believes that the developers see this as an opportunity to replicate their success at Lentor, Upper Thomson and Bugis in Tengah.

As the first private condo in the area, the development could attract a wider range of buyers compared to ECs, which are subject to HDB eligibility criteria and restrictions, such as a five-year minimum occupation period (MOP) and a monthly household income ceiling of $16,000. Mohan Sandrasegeran, head of research & data analytics at SRI, believes that the development’s proximity to the future Anglo-Chinese School (Primary) within 2km could make it very attractive to families with school-aged children.

Investing in a condo also comes with the added advantage of leveraging the property’s value to secure further investments. It is not uncommon for investors to use their condominiums as collateral in order to obtain additional funds for new investments, allowing them to expand their real estate portfolio. This approach can significantly amplify returns and open up new opportunities, but it also carries some risks. It is essential to have a well-planned financial strategy in place and carefully consider the potential impact of market fluctuations when making use of this tactic. With the added benefit of investing in a Singapore Condo, investors can take advantage of this leverage and continue growing their real estate investments.

PropNex estimates that if the site is awarded at the top bid of $821 psf ppr, the average selling price for the new private condo could be around $2,000 psf. This would make it the highest priced condo in the area.…

EDGEPROP – A rare opportunity to purchase a freehold 15-room loft hotel at 739-1 Geylang Road in District 14 has emerged, with a price tag of $14 million. The 2-storey property, with the added bonus of a newly constructed 4-storey rear extension, sits on a 1,273 sq ft land area and boasts an approved gross floor area (GFA) of up to 3,186 sq ft.

Singapore is renowned for its condo living, with a wide range of options available for condo investments. But when it comes to choosing the right condo to invest in, location is key. This is especially true for the condo market in Singapore, where condos situated in central areas or near essential amenities tend to have the greatest potential for appreciation in value. Condos located in popular areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in their property values, making them highly sought after by investors.

One of the main reasons why these areas are considered prime locations for condo investments is their accessibility. With easy access to public transportation hubs and major roads, residents are able to easily commute to work or travel to other parts of the city. Condos in these areas also offer convenient access to a variety of amenities, such as shopping malls, restaurants, and entertainment facilities, making them a popular choice for individuals and families alike.

In addition to location, another factor that adds to the value of condos in these areas is their proximity to reputable schools and educational institutions. Families with children often prioritize living near good schools, making condos in these areas highly desirable and in high demand. This demand contributes to the appreciation of condo values in these locations, making them a smart choice for investors.

With its thriving condo market and desirable locations, Singapore offers a plethora of options for condo investments. However, for those looking to make a profitable investment, it is crucial to carefully consider the location of the condo. This will not only ensure potential for appreciation in value, but also offer convenience and accessibility for both residents and potential tenants. Ultimately, investing in a well-located condo in Singapore can be a profitable and rewarding decision.

One of the most attractive features of this hotel is its permanent ‘Hotel’ zoning and usage approval, a coveted designation for new conservation shophouses in Singapore. This approval not only enhances the property’s long-term investment potential, but also provides operational flexibility. Additionally, its prime location, just a 5-minute walk from Paya Lebar MRT station, offers excellent connectivity as it serves both the East-West and Circle lines, making it easy for guests to travel to any part of Singapore.

Designed with a sophisticated Japandi theme, the hotel is currently undergoing construction and is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price includes all construction and renovation costs, making it a turnkey investment for those looking to enter or expand their presence in the hospitality sector.

For investors, this property presents an appealing opportunity. The current owner, a seasoned hotel operator, is open to a sale and leaseback arrangement. This arrangement allows for immediate rental income and operational continuity. Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, believes this hotel will attract owner-operators as they can take advantage of the major renovations, allowing for a smooth start to operations.

The demand for hospitality assets in Singapore has been on the rise in the past year. Recent notable transactions include LHN Group’s acquisition of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. Last year, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million. Additionally, Hotel JJH, a 25-room property at 747 North Bridge Road, is now on the market for $38 million. These transactions demonstrate the strong appetite for well-located, high-quality hospitality assets, which are considered one of the most desirable commercial shophouse usage classes in Singapore.

For more information, interested parties can contact Eva Lau at 92785688.

This property is a rare find in the bustling city of Singapore. Located at 739-1 Geylang Road in District 14, this two-story loft hotel is now available for purchase at $14 million. Along with a newly constructed four-story rear extension, this freehold property sits on a 1,273 sq ft site and boasts an approved gross floor area (GFA) of up to 3,186 sq ft.

One of the most unique features of this hotel is its permanent ‘Hotel’ zoning and usage approval. This is a highly coveted designation for new conservation shophouses in Singapore, making this property a great long-term investment opportunity. The prime location, which is only a 5-minute walk from the Paya Lebar MRT station, provides unbeatable connectivity. With the Paya Lebar MRT station serving both the East-West line and Circle line, guests can easily travel to any part of Singapore.

Currently in the process of construction, this hotel is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price includes all construction and renovation costs, making it a hassle-free, turnkey investment for those looking to enter or expand their presence in the hospitality sector.

For investors, this property offers a number of appealing benefits. The current owner, who has extensive experience in the hospitality industry, is open to a sale and leaseback arrangement. This provides an opportunity for immediate rental income and ensures operational continuity. According to Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, this hotel will attract owner-operators who can take advantage of the major renovations, allowing for a smooth and efficient start to operations.

The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art facilities. Condos, strategically situated in desirable locations, offer a fusion of opulence and practicality that captivates both locals and foreigners. These units boast an array of conveniences, from indulgent swimming pools and fitness centers, to reliable security services, elevating the standard of living and drawing in potential renters and buyers. For savvy investors, these alluring features translate to better rental returns and appreciation of property values in the long term. With Condos, the possibilities for real estate success are endless.

In a time when the demand for hospitality assets in Singapore is steadily increasing, this property stands out. Recent notable transactions in the industry include LHN Group’s purchase of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. In addition, an 8-story hotel at 12 Lorong 12 Geylang went on the market for $120 million last year. Currently, Hotel JJH, a 25-room property at 747 North Bridge Road, is available for purchase at $38 million. These transactions showcase the strong demand for well-located, high-quality hospitality assets, making them one of the most desirable commercial shophouse usage classes in Singapore.

For more information on this property, interested parties can contact Senior Marketing Director of ERA Realty Network Pte. Ltd., Eva Lau, at 92785688.…

JLL Names James Cameron as Head of Energy and Infrastructure for Asia Pacific

Real estate consulting firm JLL has recently announced the appointment of James Cameron as the new head of energy and infrastructure for Asia Pacific in their capital markets business line. The position was created to be based in Singapore, as stated in the firm’s press release on January 14th.

Cameron’s main responsibility will be to spearhead the establishment of a team in Asia Pacific. This addition to JLL’s EMEA Energy & Infrastructure business will enable them to offer a comprehensive global capital advisory service, catering to the needs of local and international developers and investors.

According to JLL, Cameron’s appointment reflects their long-term strategy to address the capital requirements for expanding infrastructure and promoting renewable energy in order to tackle the challenges brought by decarbonisation, digitalisation, economic growth, and rapid urbanisation.

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Investing in a condominium (condo) in Singapore is a wise financial decision as it offers a promising potential for capital appreciation. This bustling city is strategically located as a global business hub and boasts strong economic foundations, which contribute to a continuous demand for real estate. The real estate market in Singapore has consistently shown an upward trend in property prices, particularly in prime locations such as those featured in various Singapore projects. With the right timing and long-term investment, buyers can reap significant profits from the appreciation of their condo’s value.

Stuart Crow, CEO of capital markets for JLL Asia Pacific, says “We see great potential in utilizing our unique expertise in mobilizing multiple sources of capital and JLL’s unmatched track record in advising renewable transactions globally to serve the needs of the energy and infrastructure sector across Asia Pacific.”

Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams across the region. His primary focus will be on sourcing capital and providing transaction advisory services for large infrastructure and renewable transactions, catering to various clients including institutional investors, private equity, asset managers, strategic infrastructure and renewable operators and developers, high-net-worth individuals, and family offices.

Understanding the regulations and limitations surrounding property ownership in Singapore is crucial for international investors. While foreigners have relatively easy access to purchasing condominiums, stricter guidelines apply to landed properties. Additionally, foreign buyers are required to pay a 20% Additional Buyer’s Stamp Duty (ABSD) for their initial property acquisition. Nevertheless, the enduring stability and potential for growth in the Singapore real estate sector continue to entice foreign investment. Learn more about the latest opportunities for new condo launches to stay up-to-date on the evolving market.

With over 25 years of experience in real asset capital markets, Cameron previously served as the global head of commercial real estate at Standard Chartered Bank. His vast experience in mobilizing private and public equity and financing on a global and regional level will be a valuable asset to JLL.

Crow adds, “James’ expertise in this field is unparalleled in the region, and we are confident that he will establish JLL as the leading firm in this sector through his skills and client relationships.”

In other news, JLL reports a 40% increase in capital market deals in 2024, following interest rate cuts.

JLL is also pleased to announce the appointment of Jolyon Thomson as Executive Director of Logistics and Industrial in Singapore.

Furthermore, a recent survey conducted by JLL reveals that about 80% of occupiers in Singapore are aiming for fully green-certified portfolios by 2030.

JLL continues to make strides in the real estate industry and its latest appointments reflect their commitment to providing top-notch services to their clients.…

There is an exciting opportunity for potential buyers looking to live in the prestigious Belmont Park GCB area, as two adjacent Good Class Bungalows (GCBs) located at 52 and 54 Belmont Road are now up for sale. These two freehold properties, believed to be owned by related individuals, occupy a combined land area of 41,741 sq ft and have an indicative price of $88.8 million. This translates to a price of $2,128 psf on the land area. The marketing agent for these properties, Sakal Real Estate Partners, also mentions that they have a 44m frontage along Belmont Road and an average depth of 66m.

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Singapore is currently facing a high demand for condos, and one of the main factors driving this trend is the limited availability of land. Being a small island nation with a rapidly expanding population, Singapore struggles with a scarcity of land for development. In response to this challenge, the government has implemented strict land use policies, which have contributed to a highly competitive real estate market. As a result, property prices continue to rise, making investing in real estate, particularly in condos, a profitable venture with the potential for substantial capital appreciation. For those looking to invest, Singapore condos are a popular and promising choice.

When investing in Singapore’s real estate market, it is essential for foreign investors to be familiar with the various regulations and limitations pertaining to property ownership. Unlike landed properties, condos are generally more accessible to foreign buyers as they have less stringent ownership rules. However, it is important to note that foreign purchasers are required to pay for Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their first property purchase. Despite this additional expense, the stability and potential for growth in the Singapore real estate market remain highly attractive, making it a popular choice for foreign investment. Consider investing in a Singapore Condo for your next investment venture.

According to Lennon Koh, senior director at Sakal, this is an ideal opportunity for families looking to build a new home for multigenerational living or extended families living together. He also adds that developers seeking to tap into the exclusive GCB market may also be interested in these properties.

Recent transaction data from the Urban Redevelopment Authority (URA) shows that the most recent sale on Belmont Road was in December last year, when a GCB with a land area of 19,549 sq ft was sold for $40 million. This works out to be $2,046 psf. In July 2024, a pair of adjacent GCB plots on Belmont Road were sold for $131.4 million, or $3,000 psf based on the combined land area of 43,790 sq ft. Another nearby GCB at Bin Tong Park was sold for $84 million in April, with a land area of 28,111 sq ft and a price of $2,988 psf.

Sakal also notes that the estimated total value of GCB transactions in 2024 was $1.32 billion, which exceeded that of 2023 and 2022 at $433 million and $1.18 billion respectively. With the resilient demand for GCBs, Steven Ming, managing director at Sakal, believes that these GCBs on Belmont Road will see strong interest. He predicts that there will be more GCB transactions in 2025.

The expression of interest (EOI) exercise for these GCBs will close on March 13 at 3pm. Interested buyers are encouraged to seize this opportunity to own a prestigious property in the highly sought-after Belmont Park GCB area.…