Month: November 2024

Just two weeks since its launch, Emerald of Katong – a 99-year leasehold private condominium by Sim Lian Group – has already recorded exceptional sales. In an overwhelmingly positive response, 99% of its 846 units were sold over just three days, with only 13 units remaining as of Nov 30. The average price for the units sold is $2,617 per square foot.Located on Jalan Tembusu, the development saw brisk sales over the three days of its launch. VIP and multiple-unit sales were conducted on Friday, Nov 15, while a public launch was held over the weekend of Nov 16 and 17. However, after the launch, 13 buyers backed out of their purchases, leading to a shortfall of 13 units. In response, the developer held a balloting session for these units on the morning of Nov 30. The results were positive, with all 13 units being quickly snapped up. “We received over 800 expressions of interest and all 13 units were quickly purchased,” says PropNex CEO Ismail Gafoor.The launch of Emerald of Katong not only saw remarkable sales, but also had a ripple effect on other projects in the East Coast area of prime District 15. Emerald of Katong is adjacent to Tembusu Grand, a 638-unit 99-year leasehold development by City Developments Ltd (CDL) and MCL Land. Since its launch in April 2023, 52 units have been sold in November alone, bringing overall sales to 581 units or 91% to date. The average price of these units is $2,445 per square foot.Tembusu Grand: 10 latest transactionsSource: EdgeProp Buddy, URA RealisMeanwhile, at the 1,008-unit Grand Dunman by SingHaiyi, 18 units were sold since Nov 11, bringing cumulative sales to 731 units (72.5%) at an average price of $2,531 psf. This 99-year leasehold condominium on Dunman Road was launched in July 2023.Grand Dunman: 10 latest transactionsSource: EdgeProp Buddy, URA RealisEmerald of Katong’s launch has also had an impact on The Continuum, an 816-unit freehold condominium along Thiam Siew Avenue developed by joint venture partners Hoi Hup Realty and Sunway Developments. Over three consecutive days in mid-November, the development recorded strong sales, with 13 units sold on Nov 15, followed by 38 on Nov 16 and 22 on Nov 17. These three days alone saw a total of 73 units sold. In total, The Continuum saw 126 units sold from Nov 9 to Nov 30, bringing overall sales to 528 units or 64.7%. Since its launch in October 2023, the project has sold 49% of its units, leaving 51% available for purchase. “With more available units, buyers had more choices,” says Gafoor. “In comparison, many of the smaller units at Grand Dunman were already sold.”Gafoor believes that one of the main reasons for The Continuum’s strong sales is its pricing. The average price for the freehold development is $2,788 per square foot, which equates to a premium of only 6.53% over the average price of $2,617 per square foot achieved by Emerald of Katong, which has a 99-year lease. “In general, a freehold project will command at least a 15% to 20% premium over a 99-year leasehold project in the same neighbourhood,” Gafoor explains. “The homebuyers were able to see the value in this and quickly switched to The Continuum.”Emerald of Katong: 10 latest transactionsSource: EdgeProp Buddy, URA RealisAt the launch of Emerald of Katong, the highest prices per square foot were achieved by the 484-square-foot one-bedroom and 624-square-foot two-bedroom units on the higher floors, specifically from the 16th to the 21st floors. At the launch, 21 of these units sold for prices ranging from $2,901 per square foot to $2,958 per square foot according to caveats lodged.Meanwhile, at The Continuum, 13 caveats have been lodged to date showing prices that exceed $3,000 per square foot. Of these, 11 units were sold in November alone, comprising nine high-floor, two-bedroom units ranging from 646 square feet to 721 square feet, which sold for between $3,003 per square foot and $3,084 per square foot. Additionally, two smaller three-bedroom units of 872 square feet were sold for $3,003 per square foot and $3,060 per square foot respectively.Read also: Emerald of Katong hits 99% sold at launch, averaging $2,621 psfAdvertisementFor lower-floor units, several three- and four-bedroom units ranging from 1,066 square feet to 1,270 square feet were sold at prices between $2,667 per square foot and $2,681 per square foot during the past month.The Continuum: 10 latest transactionsSource: EdgeProp Buddy, URA Realis“November is shaping up to be a strong month for new home sales, providing a significant uplift for the year before the December holidays,” says Gafoor.Based on caveats lodged to date, new home sales in November have reached 2,805 units. However, this is not yet the final figure.The current numbers have already surpassed the previous peak of 2,793 monthly private new home sales recorded in March 2013, according to Huttons Asia.”The robust take-up in November will have a positive impact on the take-up rate in 2025,” says PropNex’s Gafoor. He cites the Emerald of Katong as an example: with over 800 cheques received for just 13 units on Nov 30, many unsuccessful buyers will now be seeking alternatives. “This will undoubtedly boost new home sales at the start of 2025,” he concludes.

Sim Lian Group’s Emerald of Katong saw a strong surge in sales over the course of its first fortnight since launch. With its 846 units, the development has already recorded 99% sales over just three days, with only 13 units left as of Nov 30. The average price for the units sold to date is $2,617 per square foot.Situated on Jalan Tembusu, the project saw a high volume of sales, with VIP and multiple-unit sales on Friday, Nov 15, followed by a public launch across Nov 16 and 17. However, after the launch, 13 buyers backed out of their purchases, leading to a shortfall of 13 units. In response, the developer held a balloting session for these units on the morning of Nov 30. The results were positive, with all 13 units being quickly snapped up. “We received over 800 expressions of interest and all 13 units were quickly purchased,” says PropNex CEO Ismail Gafoor.The launch of Emerald of Katong had a positive impact not just on its own sales, but also on other projects in the East Coast area of prime District 15. From 638-unit 99-year leasehold project Tembusu Grand by MCL Land and City Developments (CDL), 52 units were sold in November, bringing total sales to 581 units or 91% to date. The average price for units sold to date is $2,445 per square foot.Tembusu Grand: 10 latest transactionsSource: EdgeProp Buddy, URA RealisMeanwhile, at Grand Dunman by SingHaiyi, 18 units were sold since Nov 11, bringing cumulative sales to 731 units (72.5%) at an average price of $2,531 psf. This 99-year leasehold condominium on Dunman Road was launched in July 2023.Grand Dunman: 10 latest transactionsSource: EdgeProp Buddy, URA RealisEmerald of Katong’s launch also had a positive impact on The Continuum, an 816-unit freehold condominium along Thiam Siew Avenue. Sales were strong on three consecutive days in mid-November, with 13 units sold on Nov 15, followed by 38 on Nov 16 and 22 on Nov 17. In total, 126 units were sold between Nov 9 and Nov 30, bringing overall sales to 528 units or 64.7%. Before its launch in Oct 2023, the project had already sold 49% of its units, leaving 51% available for purchase. “With more available units, buyers had more choices,” says Gafoor. “In comparison, many of the smaller units at Grand Dunman were already sold.“The main factor driving the strong sales figures at The Continuum is its pricing, notes Gafoor. With an average price of $2,788 psf, the freehold development achieved a premium of only 6.53% above the $2,617 psf average price achieved by Emerald of Katong, which has a 99-year lease. “In general, a freehold project will command at least a 15% to 20% premium over a 99-year leasehold project in the same neighbourhood,” Gafoor explains. “The homebuyers were able to see the value in this and quickly switched to The Continuum.”Emerald of Katong: 10 latest transactionsSource: EdgeProp Buddy, URA RealisAt the launch of Emerald of Katong, the

Understanding the regulations and limitations around property ownership in Singapore is crucial for those considering investing in the country. While foreigners are typically able to purchase condominiums without many restrictions, purchasing landed properties is subject to stricter rules. Additionally, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property acquisition. Despite this added cost, the stability and potential for growth in the Singapore real estate market continue to attract foreign investors. This is evident in the continued interest and investment in Singapore Projects, which have become a popular choice among foreign investors due to their promising prospects in the Singapore real estate market. Visit Singapore Projects for more information on these appealing opportunities.…

According to Savills Research’s global outlook report for 2025, the Asia Pacific (Apac) real estate market continues to outperform its global counterparts, with real GDP growth surpassing that of the US and Europe. This is a positive sign for the region, as it shows more stability and confidence in the economic outlook. Paul Tostevin, head of world research at Savills, believes that this will boost investment and activity in the market. In the first three quarters of 2024, Apac saw a 4% year-on-year growth in investment volumes, reaching US$108.7 billion. The top three markets with the most significant growth were Singapore (74%), South Korea (71%), and Australia (63%).

Savills Research predicts that global real estate investment turnover will increase by 27% to US$952 billion in 2025 and is expected to surpass the US$1 trillion mark in 2026. This would be the first time since 2022 that global investment activity has reached pre-pandemic levels. According to Alan Cheong, executive director of research & consultancy for Savills Singapore, the real estate market in Singapore is expected to follow this global trend. Meanwhile, Savills also forecasts a full investment recovery in Apac in 2026, driven by sectors such as tourism, living, and industrial, with a focus on logistics and data centers. Simon Smith, regional head of research & consultancy for Apac at Savills, believes that the region’s long-term structural trends, as well as how global themes play out, will determine the winners and losers in the market.

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Securing proper financing is a crucial element in investing in a Singapore condo. With a variety of mortgage options available, it is vital for investors to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can obtain, taking into consideration their income and current debt obligations. To ensure informed decision-making and prevent over-leveraging, it is advisable for investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers.

The office sector in Apac remains attractive, accounting for 37% of the total regional real estate investment in the first three quarters of 2024 – significantly higher than the global average of 23%. Singapore, China, South Korea, and Japan are the top cities in the region for office utilization, with occupancy rates exceeding 90%. Apac also has a strong presence of green-certified office spaces, as office occupiers are placing more emphasis on environmental, social, and governance (ESG) matters. In Singapore, Cheong notes that office tenants are increasingly considering the green agenda when choosing their office space. With a recovery in activity levels and more leases being concluded, rental rates for CBD Grade-A spaces are expected to remain stable from 2025 to 2026. Singapore’s role as a hub and gateway to the region also makes it a popular destination for new overseas brands. Demand for prime retail developments remains healthy, keeping rental levels firm.

Despite cost pressures, the industrial sector in Apac remains strong, with high demand in sectors such as logistics, advanced manufacturing, healthcare, and data centers. Cheong believes that this will help stabilize rental rates and capital values in the long term. The increasing adoption of artificial intelligence has led to more data centers being built in Singapore, with the city-state serving as a base for data center service providers to search for suitable sites.

Tostevin stresses the importance of sustainable and socially responsible development in the real estate industry as global investment and activity returns to sustained growth. With evolving legislative landscapes and geopolitical dynamics, it is crucial for the industry to adapt and meet the changing needs of the world. Savills Research also reports that Asia Pacific is poised to be the top investment destination for family offices globally, according to a UBS report, further highlighting the region’s attractiveness for real estate investment.…

Hill House, a boutique development in prime District 9, has topped the list for condos that achieved new psf-price highs between Nov 10 to 21. The development recorded a new high of $3,267 psf for the sale of a 452 sq ft, two-bedroom unit on the fifth floor, which was sold for $1.48 million on Nov 11. This is just 0.1% higher than the previous high of $3,263 psf that was set in November 2023.

Hill House is a 999-year leasehold condo located on Institution Hill, off River Valley Road. The development has 72 units and was launched in 2022. It consists of 40 one-bedroom and one-bedroom plus study units ranging from 431 sq ft to 452 sq ft. There are also 24 two-bedroom units of 624 sq ft and eight three-bedroom apartments of 753 sq ft.

According to URA caveats, 29 units have been sold at an average price of $3,060 psf since the launch of the condo in November 2022. The condo is still under construction and is expected to be completed in 3Q2026.

When it comes to investing in real estate in Singapore, location holds great importance. The positioning of a condominium can have a significant impact on its value. In Singapore, condos located in central areas or in close proximity to essential facilities such as schools, shopping centers, and public transportation hubs tend to yield a higher appreciation in value. This trend is particularly evident in prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD), where properties consistently show a significant growth in value. In addition, the allure of living near reputable schools and educational institutions only adds to the appeal of condos in these areas, making them highly sought after by families and further solidifying their potential as a profitable investment. Therefore, for investors eyeing a Singapore condo, it is crucial to prioritize location in order to ensure a successful and worthwhile investment. If you are interested in owning a condo in Singapore, be sure to check out Singapore Condo for the best options in prime locations.

The Continuum, a freehold condo at Thiam Siew Avenue in District 15, came in second on the list of condos that saw new psf-price highs during the period in review. The development recorded a new high of $3,084 psf for the sale of a 721 sq ft, two-bedroom unit on the 17th floor that fetched $2.22 million on Nov 16. This is only 0.4% higher than the previous high of $3,071 psf, which was set on the sale of a similar unit on the 16th floor on Nov 15.

The Continuum has 816 units across six residential towers on two plots of land, which will be linked by a private pedestrian overhead bridge. The units are a mix of one- to five-bedroom apartments of occupying 560 sq ft to 2,260 sq ft. To date, 489 units have been sold for an average price of $2,779 psf since the launch of the condo in May 2023.

Lastly, Lavender Residence, a freehold boutique development located at the junction of Lavender Street and Kempas Road in Boon Keng, District 12, recorded a new low of $1,626 psf for the sale of a 990 sq ft, one-bedroom + studio unit on the second floor for $1.61 million on Nov 17. This is compared with the previous low of $1,710 psf set in June 2023 for the sale of a 1,335 sq ft, four-bedroom unit on the sixth floor.

With this latest transaction, Lavender Residence has been fully sold at an average price of $1,984 psf. The development comprises 17 units ranging from studios to three-bedroom units with some dual-key variants from 463 sq ft to 1,550 sq ft. It is within walking distance of Bendemeer MRT Station on the Downtown Line.…

In a recent announcement, the government has unveiled a one-off property tax rebate for owner-occupied HDB flats and private residential properties. This move aims to provide relief for homeowners, as the government prepares to raise all annual value bands of owner-occupier’s residential property tax rates in 2025.

Under the rebate scheme, owner-occupiers of HDB flats will receive a 20% rebate, while those with private residential properties will get a 15% rebate. However, it’s important to note that the rebate for private property owners will be capped at $1,000.

For those unfamiliar with property tax, it is calculated based on a property’s annual value. This value is determined by estimating the rent a property could fetch in a year if it were to be rented out.

The limited availability of land in Singapore is a major factor driving the high demand for condos in the country. As a small island nation with a rapidly growing population, Singapore is facing challenges in finding enough land for development. As a result, the government has enforced strict land use policies and this has created a competitive real estate market, where property prices are constantly on the rise. This has made investing in real estate, especially condos, a highly profitable opportunity with the potential for significant capital appreciation. Condos have become a highly sought-after investment option due to the limited land supply in Singapore.

The government’s decision to introduce this property tax rebate is part of Budget 2024, in which it aims to mitigate the cost-of-living concerns among Singaporeans.

According to Lee Sze Teck, senior director of data analytics at Huttons Asia, this rebate will benefit all owner-occupiers of HDB flats and over 90% of private residential properties, as they will see lower property taxes in 2025.

Lee notes that the annual value of private properties is expected to remain flat this year due to the low to marginal growth in private residential rents. On the other hand, HDB rents are projected to increase by 4%, which will result in a growth in the annual value of HDB flats.

Hence, the one-off property tax rebate may potentially help HDB owners cushion the impact of an increase in annual value. For instance, if a HDB flat has an annual value of $30,000, the property tax payable is $720 in 2025. With the rebate, the owner will only have to pay $576, saving $144.

Similarly, private residential owners can also benefit from this rebate. For example, if the annual value of their property is $85,000, the property tax payable in 2025 is $5,760. With a 15% rebate, capped at $1,000, the owner will only have to pay $4,896, saving $864.

However, Lee emphasizes that the appeal of investing in residential properties in Singapore lies in its potential for capital appreciation, which outweighs the increase in property tax. He also adds that this is not the first time property tax rebates have been offered, and it does not diminish the attractiveness of investing in residential properties in Singapore.

In conclusion, the revised property tax rates announced in Budget 2024 will benefit owner-occupied properties with lower annual values, providing relief for homeowners in the face of rising property taxes.…

In just two years, Jason Ng, a homegrown property developer, has successfully built his property investment and training firm, Aurico Global, from the ground up. Under Ng’s leadership as CEO and executive chairman, the company has grown to manage $52 million in assets.

Aurico is not Ng’s first venture into real estate development. His journey began in 1993 when he felt a sense of responsibility to provide for his family. Growing up in a rental flat with six family members, Ng worked hard to secure a well-paying job that allowed him to make his first property investment – a 1,400 sq ft three-bedroom apartment for $435,000. Reflecting on the current market, Ng remarks that it would be impossible to find a similar property at that price.

As Ng learned the ropes of property investment and management, he expanded his portfolio and ventured into student enrichment and parenting training. With over 15 years of experience in these fields, he is now accredited as a family life educator and has worked closely with the Ministry of Education and Ministry of Social and Family Development.

In January 2023, Ng joined forces with his wife, Emelyn Ho, to establish Aurico and consolidate his diverse portfolio of businesses. These include Aurico’s co-living investment and management arm, JC Global Developments, property and investment training arm, Anchor of Life Training Consultants, and My Preschool Hub – a provider of preschool enrichment resources and programs.

Aurico’s property portfolio covers a wide range of property types, from residential (co-living) to commercial and industrial assets. The company’s co-living venture, Communa, falls under JC Global Developments and currently manages 380 units in shophouses, condos, and landed properties valued at over $30 million. Shareholder Patrick Loke shares that Aurico is in the process of acquiring more properties, with the goal of doubling their current portfolio to 600 units by the end of the year.

Aurico’s strategy is to acquire valuable properties in high traffic areas below valuation. In September, the company purchased a two-storey shophouse on Joo Chiat Road for $5.1 million – 12% below its valuation of $5.8 million. This reflects the firm’s strong property investment team and Ng’s sharp business acumen. As Ng explains, “Every property must be bought at below market valuation, which means we make money before even purchasing it.”

It is crucial for international investors to be well-informed about the regulations and limitations surrounding property ownership in Singapore. While foreigners are permitted to buy condos with relative ease, there are stricter rules in place for purchasing landed properties. Moreover, foreign buyers must also pay the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property acquisition. Despite these added expenses, the Singapore real estate market remains an attractive prospect for foreign investment due to its stability and growth potential. Singapore Projects are a particularly appealing option for foreign investors looking to enter the market.

The company also has its sights set on strategic locations undergoing rapid transformation, such as the mixed-use development, Woods Square in Woodlands. In July, Aurico purchased a 560 sq ft commercial strata office unit for its own use. As Ng shares, “We believe this investment puts us at the forefront of changes in the area, including the upcoming Johor Bahru-Singapore Rapid Transit System. It also boosts our operational efficiency, as we can easily hire workers from across the border.”

With the government’s goal to produce 30% of the country’s nutritional needs by 2030, Aurico has acquired food factory assets to tap into the rising demand for food production. Although the company does not plan to enter the F&B business directly, Ng believes these investments are a strategic move that enhances their portfolio. One of these properties is the strata-titled food facility, Food Xchange @ Admiralty, located in the established food cluster on Admiralty Road West and with a lease balance of 36 years. Ng notes that this property stood out due to its proximity to Johor, providing a competitive advantage for food manufacturing businesses and a reliable source of manpower.

In May, Aurico acquired a controlling stake in Autagco Ltd, a company listed on the Singapore Exchange. With the aim of diversifying into property investment, co-living property management, education, and other businesses, Ng has appointed Loke as the executive director of Autagco. Recently, Autagco announced a strategic review to diversify and expand its core business to include residential assisted living. The company plans to develop an assisted living facility for seniors and manage it through their wholly-owned subsidiary, Communa Gold.

In addition to property investment, Aurico has also established a reputation for providing comprehensive and high-quality property investment education to aspiring investors. Ng believes that investment education is critical but inaccessible to many. He has developed courses that make residential and commercial property investment accessible to anyone, regardless of their experience or background. Aurico also offers participants the opportunity to leverage the company’s network and strategies to enhance their portfolio. As Ng remarks, “This support is invaluable, especially for beginner investors.”

Ng is particularly interested in reaching out to millennial and Gen Z investors. As he shares, “Many youths in this age group believe they have no chance to invest in property due to their backgrounds. I want to change this mindset because I believe anyone can start their investment journey as long as they have the right guidance and training.”

With its comprehensive curriculum and hands-on support, Aurico is empowering individuals to achieve their financial goals through real estate.…

During the week of Nov 12 to 19, the sale of a three-bedroom unit at Maple Woods proved to be the most profitable condo resale transaction. This impressive unit, located on the first floor, measures at 1,539 sq ft and was sold for $3.3 million ($2,144 psf) on Nov 15. The seller had previously bought the unit in April 2009 for $1.28 million ($830 psf), making a significant profit of $2.02 million. This equates to a capital gain of 158% for the seller, or an annualized profit of 10.6% over a holding period of approximately 15 and a half years.

Maple Woods is a freehold condo situated on Bukit Timah Road in prime District 10. Constructed in 1997, this development boasts 697 residences ranging from two to four bedrooms and measures from 850 sq ft to 3,003 sq ft. It is conveniently located within a five-minute walk to King Albert Park MRT Station on the Downtown Line and is also in close proximity to the esteemed Methodist Girls’ School and the Rail Corridor. This year alone, there have been 10 other resale transactions at Maple Woods, all of which were profitable deals with the sellers earning at least $425,000. Three of these transactions resulted in profits of over $2 million.

The cityscape of Singapore is characterized by modern skyscrapers and advanced infrastructure. Condominiums, strategically situated in desirable locations, offer a fusion of opulence and practicality that appeals to locals and foreigners alike. These residential complexes are furnished with a variety of facilities, including swimming pools, fitness centers, and security services, all aimed at enhancing the overall living experience and drawing in prospective renters and buyers. For those looking to invest, these perks translate into higher rental returns and appreciating property values in the long run.
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One of the most lucrative transactions at Maple Woods this year was for a 1,787 sq ft, three-bedroom unit on the eighth floor that was sold for $3.75 million ($2,099 psf) on Sept 10. The seller made a hefty profit of $2.15 million after purchasing the unit in July 1997 for $1.6 million ($895 psf). Another profitable deal was for a 1,787 sq ft, three-bedroom unit that was sold for $3.82 million ($2,138 psf) on the same day. The seller, who bought the unit in March 2007 for $1.35 million ($756 psf), made a tremendous profit of $2.47 million. The third unit, a 3,003 sq ft, four-bedroom unit on the eighth floor, also yielded a substantial profit for the seller. It was sold for $5 million ($1,665 psf) on Sept 10, with the seller making a gain of $2.6 million after purchasing the unit in September 1998 for $2.4 million ($798 psf).

The second most profitable condo resale transaction during the week occurred at UE Square. A three-bedroom unit measuring 1,528 sq ft on the seventh floor fetched $2.95 million ($1,930 psf) on Nov 14. The seller had acquired the unit through a sub-sale in December 1997 for $1.3 million ($850 psf), resulting in a profit of $1.65 million (127%) after owning the unit for nearly 27 years.

UE Square is part of UE BizHub City, a mixed-use development along Clemenceau Avenue in District 9, close to Clarke Quay. It comprises an 18-storey office building with a four-storey shopping podium and a pair of 18-storey residential blocks that house 345 units. This development has a mixture of one- to five-bedrooms ranging from 506 sq ft to 2,379 sq ft, as well as penthouses measuring 3,089 sq ft. The Fort Canning MRT Station on the Downtown Line is also conveniently located close by.

On the other hand, the most unprofitable condo resale transaction during the week was the sale of a three-bedroom unit at Tomlinson Heights. The 2,745 sq ft unit on the 19th floor changed hands for $8.25 million ($3,006 psf) on Nov 19. The seller had purchased the unit from the developer in February 2011 for $8.85 million ($3,225 psf), incurring a loss of $601,000 (6.8%) after owning the unit for almost 14 years.

Tomlinson Heights is a luxury 70-unit condo located near Orchard Boulevard, consisting of a 36-storey tower with three- and five-bedroom units measuring from 2,551 sq ft to 6,738 sq ft. Completed in 2014, this freehold development is in close proximity to popular malls on Orchard Road. The unit sold on Nov 19 is the first recorded transaction at Tomlinson Heights since Jan 5, 2023, when another 2,745 sq ft unit was sold for $10.5 million ($3,825 psf). The seller, who bought the unit from the developer in May 2011 for $8.38 million ($3,053 psf), made a profit of $2.12 million.…

Purchasing a condominium offers many benefits and the potential for leveraging its value for future investments. This strategy is commonly used by investors who use their condos as collateral to secure additional financing for other ventures, thereby expanding their real estate portfolio. While this can increase returns, it also comes with inherent risks. That’s why it’s important to have a solid financial plan and carefully consider the potential impact of market fluctuations. Staying informed about new condo launches can also be instrumental in making wise investment choices. To stay updated on the latest opportunities, check out new condo launches in your area.

Hong Lai Huat, a Mainboard-listed company, has recently entered into a strategic term sheet with co-living operator, The Assembly Place. This mutually beneficial partnership will see The Assembly Place managing Hong Lai Huat’s real estate and property development projects in Cambodia. Furthermore, this collaboration will also introduce the innovative co-living concept to the country for the first time.

According to a joint release issued on November 28th by both companies, the next 60 days will be spent finalizing key objectives before officially entering into a binding agreement. These objectives include conducting feasibility studies for the utilization of available units in Hong Lai Huat’s Royal Group Platinum development in Cambodia. They will also be discussing ways to market the commercial shop-house units at Royal Group Platinum. In addition, there are plans to expand the sales network of Hong Lai Huat’s completed and upcoming projects into Singapore, Hong Kong, and first-tier cities in Greater China with the help of The Assembly Place’s wide-reaching network. This partnership will also benefit local communities by providing ongoing after-sales asset management services and creating job opportunities.

Hong Lai Huat’s website states that the development is a mixed residential and commercial project with 851 residential units and 50 shophouses. Located just 20 minutes away from Phnom Penh International Airport, it is surrounded by 16 international schools and six sports facilities, making it an attractive location for residents. Additionally, it is only 10 minutes away from Aeon Mall 2, the largest shopping mall in Phnom Penh.

Expressing his excitement about the partnership, Hong Lai Huat’s executive director Ong Jia Jing shared that the group is looking forward to providing top-tier asset management services to their investors and buyers in Cambodia. He believes that this collaboration will give them the confidence they need when purchasing units in their developments. The Assembly Place’s CEO, Eugene Lim Ying Jie, sees this partnership as an opportunity to further expand the co-living concept in both local and international markets. He believes that with Hong Lai Huat’s high-quality developments and TAP’s extensive experience in the co-living sector, they can provide exceptional value to purchasers.

The signing ceremony for this partnership took place at the CAMPUS by The Assembly Place on November 28th.…

CBRE recently announced the appointment of Michael Tay as the new deputy managing director of Singapore Advisory, effective Jan 1, 2025. This news was released on November 27, and Tay’s current role as Singapore’s head of capital markets will remain in place. He will continue to report to Moray Armstrong, who is CBRE’s managing director for Singapore Advisory.

When it comes to investing in condos in Singapore, one important factor to consider is the government’s property cooling measures. Over time, the Singaporean government has implemented various measures to control 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 immediate profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment environment. In addition to these measures, staying updated on new condo launches can also help investors make informed decisions about their investments. By taking into account both the government’s regulations and the latest developments in the market, investors can ensure they are making sound and profitable condo investments in Singapore.

According to CBRE, Tay’s new role as deputy managing director will involve providing long-term leadership and planning for the Singapore advisory business. He will work closely with Armstrong to devise strategies, assess and execute investments, such as M&A opportunities, and drive business growth.

Armstrong recognizes Tay’s expertise and experience in the commercial real estate industry, saying that he is one of the most seasoned professionals and thought leaders in the Singapore market. Armstrong adds that this is a result of Tay’s 30-year career progression from office leasing to leadership roles across office services and capital markets at CBRE.

Tay joined CBRE in early 2000 and has since been an integral part of the office services team for nearly two decades. During this time, he has worked with major office building owners and notable occupiers. In 2019, Tay was appointed to lead the Singapore capital markets team, which has played a crucial role in several significant investment deals in the country. This includes the sale of noteworthy properties like One George Street, 16 Collyer Quay, and VisionCrest Commercial.

In a statement, Tay expressed his gratitude for the trust placed in him and the career growth opportunity provided by the company. He describes his 25-year journey with CBRE as amazing and emphasizes how he has honed his experience by working and learning from some of the leading real estate professionals in Singapore.…

Singapore has recently been recognized as the sixth most prominent city in the world in terms of branding, according to the latest Brand Finance Global City Index. The index, published by Brand Finance, a renowned London-based brand evaluation and strategy consultancy, evaluates cities based on their brand power and perceptions.

The latest index was compiled through a global survey of 15,000 individuals from 20 countries conducted in September. The respondents ranked 100 cities based on key performance indicators, such as the city’s desirability as a place to live, work, study, visit, retire, and invest in. Additionally, the respondents were asked to associate specific attributes with each city from a list of 45 options grouped into seven pillars, including Business & Investment and Culture & Heritage.

Singapore’s overall ranking was boosted by its exceptional performance in the Business and Investment pillar, where it secured the third position globally. This pillar measured perceptions related to the ease of doing business, economic strength, and the city’s support for start-ups. Singapore also scored high marks for its low crime rates and minimal violence.

When contemplating investing in a condominium, it is crucial to also evaluate the potential rental return. Rental yield refers to the yearly rental income expressed as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary greatly, depending on factors such as location, property condition, and market demand. Generally, areas with a high demand for rentals, such as those situated near business districts or educational institutions, tend to offer more attractive rental yields. To gain a better understanding of the rental potential of a specific condo, it is essential to conduct thorough market research and seek advice from experienced real estate agents. Additionally, exploring Singapore Projects can also provide valuable insights into the rental market.

According to Alex Haigh, the managing director for Asia Pacific at Brand Finance, Singapore is the Asean region’s “crown jewel” when it comes to city branding. He also added that Singapore’s leading position in economic expansion, investment appeal, and world-class infrastructure solidifies its status as a top global financial center.

Globally, London maintained its position as the world’s top city brand, followed by New York, Paris, Tokyo, and Dubai.…

During its investor day on November 22, management at CapitaLand Investment (CLI) announced their plans to expand their business in Australia. To support this growth, the company has recently appointed two senior hires, Angelo Scasserra and Rahul Bharara, to newly created roles as CEO and chief investment officer respectively. These hires are expected to join the company in the first half of 2025.

When considering real estate investments in Singapore, location is a key factor to consider. This is because certain areas are known to have a greater impact on property value appreciation than others. In particular, condos located in central areas or near important amenities like schools, shopping malls, and public transportation hubs tend to have a higher appreciation in value. Some prime locations in Singapore that have consistently shown growth in property values include Orchard Road, Marina Bay, and the Central Business District (CBD). These areas are highly sought after due to their convenient locations and attractive amenities. Additionally, the proximity to reputable schools and educational institutions further increases the desirability of condos in these areas, making them a sound investment choice. For more information on potential real estate projects in Singapore, visit Singapore Projects.

To further strengthen their presence in Australia, CLI plans to invest up to A$1 billion ($876.7 million) to grow their funds under management (FUM) in the country. In September, CLI closed its Australian Credit Programme (ACP), their maiden credit fund with a value of A$265 million that was backed by Asian investors.

CLI’s group CEO, Lee Chee Koon, shared during the investor day that the company has formed a partnership with teams from Wingate in Australia to originate and underwrite deals, and that there is a lot of potential for growth in Australia and the Asia-Pacific region.

Interestingly, on November 25, the Australian Financial Review reported that CLI planned to acquire Wingate. This move may come as a surprise given that in 2014, CapitaLand divested its subsidiary, Australand Property Group, which was then acquired by Frasers Property Australia. During the Q&A session at the investor day, CLI’s chairman, Miguel Ko, mentioned that the decision to sell Australand and invest more in China was made before his time as chairman. He declined to comment on his predecessors’ decisions, stating that the company did not have a crystal ball to predict the current situation in China at the time.

At the time of the divestment, China was experiencing a booming market and CapitaLand had a significant competitive advantage. Whether this was a good move or not is up for debate, as Ko stated, “That could have been a major win or a wrong move. This is not a comment on whether my predecessors made a right or wrong decision.” According to then-president and group CEO, Lim Ming Yan, the decision to divest Australand was made during “favorable” market conditions and the company wanted to reallocate capital to their core businesses in Singapore and China. The remaining 39.1% stake in Australand was sold in March 2014, following a partial divestment in November 2013, to improve trading liquidity.

With the recent appointment of Scasserra and Bharara and their plans to invest in Australia, CLI’s FUM is expected to reach $113 billion. This puts them in competition with other companies racing to increase their AUMs.…