Category: Uncategorized

for $95mStory continues belowGoldman Sachs Just Made Its Bitcoin Move — & Crypto Fans Feel DupedGoldman Sachs has just taken a massive step into the cryptocurrency spacious, announcing that it will soon offer Bitcoin to its wealth management clients.www.refinery29.com|SponsoredSponsoredUndoThe No. 1 Urban Sniper Rifle From Southeast AsiaThe No. 1 Urban Sniper in Southeast Asia is definitely not what you think.www.todayinmanila.com|SponsoredSponsoredUndoExpert Option Broker Review#1 Investment Broker Ranked on Google. Easy to Withdraw Funds. Invest with Expert Option for unable profits.www.financial-directory.us|SponsoredSponsoredUndoCHILIZ$2.74 Trillion In 60 Seconds – This Will Shock Many CHILIZ Investors!chiliznews.com|SponsoredSponsoredUndoExpert Option Broker Review#1 Investment Broker Ranked on Google. Easy to Withdraw Funds. Invest with Expert Option for unable profits.www.financial-directory.us|SponsoredSponsoredUndoExpert Option Broker Review#1 Investment Broker Ranked on Google. Easy to Withdraw Funds. Invest with Expert Option for unable profits.www.financial-directory.us|SponsoredSponsoredUndo

Please edit the attached article to avoid duplicate wording.

Retiree Mr Chong supported his three sons when they were setting up their homes. His eldest son purchased a private condo, while his two younger sons chose executive condos (ECs). According to Chong, buying an EC at a new launch is a no-brainer. Even if you buy shortly after the five-year MOP (minimum occupation period), it’s still a good entry price.

Chong has experienced both scenarios. His second son bought a three-bedroom unit at the 531-unit Hundred Palms Residences in July 2017. “He wanted a four-bedroom unit, but those were quickly snapped up,” Chong recalls.

The project by Hoi Hup Realty received 2,000 e-applications and sold out on the first day of launch at an average price of $841 psf. The EC on Yio Chu Kang Road was completed in 2019. Based on caveats lodged in January and February 2025, the average selling price of units was $1,769 psf, resulting in a 110% price gain in eight years.

Explore comprehensive data on all ECs, including average profits at 5 and 10 years.

Based on the selling price of $1.95 million ($1,849 psf) for a 1,055 sq ft, three-bedroom unit that changed hands at Hundred Palms in February, Chong estimates that his second son’s EC unit has appreciated by about $1 million since its launch. These capital gains may have motivated many to upgrade to private housing, Chong notes.

Hundred Palms Residences by Hoi Hup Realty, where all 531 units in the EC project were sold out in a single day at an average price of $841 psf (Photo: Agents)

Three years ago, when Chong’s youngest son decided to set up his own home, Chong sold his 1,260 sq ft, three-bedroom unit at The Interlace, which had been their family home for the past decade.

In 2021, the Chongs bought a 1,399 sq ft, four-bedroom, dual-key resale unit at Twin Fountains, a 418-unit EC in Woodlands. The EC was developed by a joint venture between Frasers Property and Lum Chang, and was launched in 2013 and completed in 2016.

ECs are open only to buyers who are Singapore citizens or permanent residents (PRs) at launch and after the five-year MOP. Foreigners can purchase ECs in the resale market only after the 10th year of obtaining Temporary Occupation Permit (TOP).

.

Obtaining financing for a condo investment is a critical consideration, especially in Singapore. With numerous mortgage choices available, it is essential to first acquaint yourself with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan an individual can take based on their income and current debt obligations. By fully understanding the TDSR and seeking expert guidance from financial advisors or mortgage brokers, investors can make well-informed decisions about their financing options and avoid taking on excessive debt when purchasing a condo from The Condo.

The dual-key unit provides Chong with privacy as he occupies the one-bedroom studio while his son and family occupy the three-bedroom apartment. As a dual-key unit, while the main entrance is shared, each apartment has its own separate entrance.

The 418-unit Twin Fountains by a joint venture between Frasers Property and Lum Chang was completed in 2016 (Photo: Lum Chang website)

Even though they paid $1,000 psf for the unit in 2021 – considered a new high at the time – recent resale prices are even higher, Chong points out.

Read also: Sim Lian to preview Aurelle of Tampines on Feb 22 at prices from $1,651 psf

Based on a caveat lodged in February, the latest transaction of a 1,206 sq ft, four-bedroom unit was $1.62 million ($1,344 psf). “Even if you miss the boat like my youngest son, and we bought in at $1,000 psf, resale prices at Twin Fountains are now 30% higher,” adds Chong.

Last October, City Developments launched the 348-unit private condo Norwood Grand at Champions Way in Woodlands. About 84% of the units were sold during its launch weekend at an average price of $2,067 psf, setting a new benchmark for Woodlands.

Chong points to the launch of Norwood Grand’s average selling price, which is 53.8% higher than the latest resale price at Twin Fountains. He believes that the announcement of revitalization and new infrastructure, including the Johor Bahru-Singapore Rapid Transit System (RTS) with the Singapore terminus in Woodlands North, has revived interest in the northern region.

Rising EC prices, narrowing price gap with condos

However, amid the rising EC prices and caps on loan quantum, EC buyers will now have to pay a larger cash outlay, says Eugene Lim, key executive officer of ERA Singapore.

For ECs, the monthly household income ceiling is $16,000. Buyers must meet the Mortgage Servicing Ratio (30% cap) and Total Debt Servicing Ratio (55% cap) requirements if they take out a loan.

Assuming a 30-year-old EC buyer with a household income of $16,000 and a maximum loan tenure of 30 years, based on the stress test of a 4% interest rate for MSR, the maximum loan amount the buyer can take on is around $1 million, estimates ERA’s Lim.

Read also: Executive condo launches in 2025 to set new price benchmarks

Despite the higher upfront costs, buyers are not deterred by the higher prices of ECs, says Lim. This is because there is still a 42% median price gap between similar-sized homes in the EC market compared to 99-year leasehold private condos in the Outside Central Region (OCR), he adds.

For instance, the median price of a 900-1,000 sq ft EC unit is about $1.48 million, while that of a similar-sized unit in a private condo is about $2.1 million. “Hence, in terms of absolute price, buyers, particularly HDB upgraders, still see value in ECs,” Lim states.

In 2024, the average transaction price of new non-landed private condos in the suburbs or OCR crossed the $2,200 psf mark. Meanwhile, new ECs in 2024 were sold at a median price of $1,539 psf based on lodged caveats, says Ismail Gafoor, CEO of PropNex. That reflects a price gap of 44.2%. He expects the median price for new condos this year to surpass $2,200 psf again.

Christine Sun, OrangeTee Group chief researcher and strategist, found that the median price gap between new ECs and new private condos in the OCR has narrowed in recent years. Based on data from URA Realis, the gap has narrowed from 49.4% in 2023 to 44.2% in 2024 and to 43.6% in January 2025.

Sun attributes this narrowing gap to EC prices rising at a faster pace of 9.6% from 2023 to January 2025, compared to a 5.3% increase in non-landed home prices in the OCR over the same period.

Three-bedroom premium showflat at the 760-unit Aurelle of Tampines sales gallery, which is aimed for launch on Mar 8 (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Affordability, deferred payment

Demand for ECs is therefore sustainable due to their affordability and lower price psf compared to 99-year leasehold private condos in the same area, says ERA’s Lim.

Aside from the lower price relative to new private condos, EC buyers do not need to dispose of their existing home before making their purchase, notes Lim. HDB upgraders also do not incur additional buyer’s stamp duty (ABSD) when buying a new EC, he points out.

Moreover, EC buyers may opt for the Deferred Payment Scheme (DPS) at a slightly higher purchase price. Under the DPS, they only need to pay a deposit, and their loan is deferred until after the completion of the EC.

“This way, buyers will not need to service two mortgages while waiting for the new home to be completed,” says Lim. “With no ABSD payable and the availability of the DPS, HDB owners find it easier to upgrade to a new EC.”

He adds: “Although three new EC launches are expected this year, they are strategically spaced out across different locations – Tampines, Pasir Ris and Tengah – and will cater to the housing needs of Singaporeans across the island.”

Check out the latest listings for Hundred Palms Residences properties with Ask Buddy.…

C9 Hotelworks, a leading hospitality consultancy based in Asia, has reported that the market value of branded residential projects in the region has reached a record high of US$26.6 billion ($35.5 billion). This is a significant increase, with over 68,000 luxury units now available.

The scarcity of land in Singapore has greatly contributed to the high demand for condos in the country. As a small island with a growing population, Singapore faces the challenge of limited space for development. Due to this, there are strict land use policies in place and a competitive real estate market, resulting in continually rising property prices. As a result, investing in real estate, especially in condos, has become a lucrative opportunity with the potential for significant capital appreciation. Keeping up with the latest developments, such as the New Condo Launches, is crucial for those looking to invest in the constantly evolving Singapore market.

Vietnam leads the Asia market in the number of branded residential units, with a total of 17,680 units across 59 properties. The average price of a branded residential unit in Vietnam is approximately US$350 per square foot.

Thailand follows closely with 16,271 branded residential units across 65 properties. The majority of these units are priced at US$510 per square foot. The Philippines ranks third with 13,276 units across 46 properties, with luxury properties priced at around US$400 per square foot.

However, branded residences in Singapore command the highest prices in the region, at an average of US$2,140 per square foot. Japan follows with an average price of US$1,935 per square foot.

“There are also new markets where branded residences have grown quickly in recent years,” says Bill Barnett, managing director of C9 Hotelworks. “South Korea, for example, has 3,026 units across 16 properties, with Malaysia boasting 6,014 units across 24 projects.”

In the post-Covid-19 era, urban-locale branded residences make up 56% of the existing supply in Asia. These luxury urban projects dominate the sector in terms of market value. For instance, urban branded residences in South Korea are priced at US$2,670 per square foot, compared to the US$1,040 per square foot for resort projects in that country. In Thailand, urban branded residences typically fetch around US$770 per square foot, while resorts are priced at US$430 per square foot.

The branded residential market in Asia currently includes approximately 12,330 units across 80 developments affiliated with luxury hotel brands. This segment accounts for 31% of the market supply.

“The data shows that a reputable brand can help an affiliated property command premium pricing of 30%-35% on top of the market rate in the country,” says Barnett. “It also helps the developer increase its market share in the country.”

The appeal of top hospitality brands and luxury lifestyle brands has also led to higher licensing fees. “It is becoming increasingly common for luxury hotel brands and lifestyle brands to ask for a 6% to 10% cut in the sale of each branded residential unit,” adds Barnett.

Last August, Thai developer Ananda Development and German automaker Porsche, via its lifestyle brand Porsche Design, unveiled the ultra-luxury Porsche Design Tower Bangkok in Thonglor. The 22-unit tower, set to be completed in 2028, is Asia’s first Porsche residential tower, following the successful Porsche Design Tower Miami a decade ago. It offers duplexes and quadplexes, with prices ranging from US$15 million to US$40 million.

Gianfranco Bianchi, general manager of Asia Pacific at The One Atelier, an international design consultancy specialising in branded residences for lifestyle brands, notes that in recent years, more luxury lifestyle brands have explored partnerships to license their branding into real estate developments across the Asia Pacific region.

One Atelier has partnered with several high-profile brands to create branded residences, including the 28-unit Fendi Casa Residences by Armani in Miami, the 259-unit 888 Brickell by Dolce & Gabbana in Miami, the 90-unit Büyükyalı Residences in Istanbul, Turkey, and the Karl Lagerfeld Villas, a collection of five ultra-luxury villas in Marbella, Spain.

While hospitality-affiliated branded residences provide top-notch hospitality services, fashion or design-branded residences offer a rare trophy home that conveys the namesake design and luxury aesthetic that have made such brand names synonymous with luxury lifestyles today, says Bianchi.

Ananth Ramchandran, head of advisory and strategic transactions in hotels and hospitality (Asia) at CBRE, says property cooling measures have led many high-net-worth Singapore-based buyers of branded residences to consider trophy assets in nearby regional markets.

“We’ve experienced a significant reduction in terms of the discussion and inquiries from Singapore developers to explore high-end ultra-luxury branded residential projects in Singapore,” he adds. “Developers are severely discouraged from stepping into this high-end segment because property cooling measures have dampened foreign buyer demand.”

Singapore-based high-net-worth buyers are also increasingly eyeing luxury-branded residences in destinations such as Phuket and Bangkok in Thailand, Bali in Indonesia, and emerging markets in Vietnam. These locations are typically just a two-hour flight from Singapore.

“The relatively short travel time and availability of regularly scheduled direct flights make it much more appealing to Singapore-based buyers,” he says, noting that last month, flight carriers like SIA, Scoot, AirAsia and Jetstar completed approximately 150 flights per week between Singapore and Phuket.

Jason Thelen, senior director of sales and marketing at Sudara Residences, a Thai-based developer, adds: “Singapore has quickly become our top regional market for buyers looking for second homes, making up over 45% of regional purchases.”

Hospitality operators such as The Ascott are also tapping into the future growth of the branded residential segment in Asia. “We believe the emotional resonance of our brands like Ascott, The Crest Collection and Oakwood Premier have reputational strengths in the market,” says Saowarin Chanprakaisi, vice-president of business development at The Ascott.

“Branded residential operators must develop and maintain trust in the brand that it can deliver the level of service that will eventually translate into the long-term value proposition of the asset,” she adds, noting that Ascott is looking to expand its market share in the region by partnering with developers who wish to enter the branded residential market.…

When it comes to real estate investing, location is a critical factor to consider, and this rings particularly true in the context of Singapore. Condominiums located in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs have been shown to appreciate more in value. Singapore’s prime locations, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently demonstrated growth in property values. The appeal of these areas is also heightened by their proximity to reputable schools and educational institutions, making condos in these locations highly coveted by families and further elevating their investment potential. For more information on promising real estate projects in Singapore, check out Singapore Projects.

Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have recently signed a groundbreaking MOU for the first Johor-Singapore Special Economic Zone (JS-SEZ) between private companies of both nations. The historical event took place on February 27th, as revealed in a press release.

The MOU aims to develop selected freehold land owned by UEM Sunrise in Iskandar Puteri, Johor, to further enhance growth within the JS-SEZ. The signing ceremony was held in conjunction with the grand opening of the UEM Sunrise Gallery Iskandar Puteri, which showcases the company’s vision for the development of Iskandar Puteri.

Iskandar Puteri, which is known as Flagship Zone B of the JS-SEZ, is home to a variety of industries including manufacturing, business services, education, health, and tourism. With this collaboration, UEM Sunrise and GuocoLand are looking to tap into the potential of Iskandar Puteri and attract more investments. The MOU will cover UEM Sunrise’s land in Gerband Nusajaya and Puteri Harbour, two key master-planned areas within Iskandar Puteri.

The joint efforts of the two companies are aimed at driving sustainable economic growth in Johor by improving connectivity, fostering talent development, and creating a business-friendly environment. According to Hafizuddin Sulaiman, CFO of UEM Sunrise, this partnership is not just about development, but also about creating a thriving economic hub that will provide long-term benefits for Johor.

The selected sites are strategically located near Singapore, Senai Airport, and the Port of Tanjung Pelepas, making them prime locations for long-term economic growth. The collaboration also aims to establish Iskandar Puteri as a dynamic and attractive business and investment hub.

In the words of Datuk Hisham Hamdan, chairman of UEM Sunrise, the JS-SEZ, developments in Iskandar Puteri, and strategic partnerships are all part of a bigger vision to position Johor as a progressive and forward-thinking economy. The CEO of GuocoLand, Cheng Hsing Yao, adds that the company will bring its wealth of experience in real estate development and asset management to the table, along with an understanding of the needs of companies from Singapore, Malaysia, and China looking to invest in the JS-SEZ. This, combined with the expertise of UEM Sunrise, will pave the way for innovative developments in Iskandar Puteri and the wider JS-SEZ.

Prior to this collaboration, UEM Sunrise has played a crucial role in the urban development of Iskandar Puteri. The company’s existing developments in the area include residential townships such as the Aspira series and Senadi Hill. It has also developed commercial and retail hubs, and is currently working on a 380-acre industrial park in Gerband Nusajaya.

The growth of Iskandar Puteri is expected to be further boosted by the incentives and support schemes introduced by the governments of Malaysia and Singapore. These measures aim to attract more investments to the JS-SEZ and include special tax rates, stamp duty exemptions, and capital allowances.…

UEM Sunrise and GuocoLand, two leading property developers from Malaysia and Singapore, have recently signed the first Johor-Singapore Special Economic Zone (JS-SEZ) MOU. This marks an important milestone in the economic cooperation between Malaysia and Singapore private companies.

The MOU will see the two groups collaborating to develop UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor, which is part of Flagship Zone B of the JS-SEZ. This area focuses on various sectors such as manufacturing, business services, education, health and tourism.

According to UEM Sunrise CFO Hafizuddin Sulaiman, the partnership is not just about development, but also about creating a thriving economic hub that fuels long-term growth, creates jobs and strengthens the JS-SEZ ecosystem. The aim is to improve connectivity, foster talent development and create a business-friendly environment to attract investments.

The selected plots of land in Gerband Nusajaya and Puteri Harbour will be the focus of this collaboration, as they are strategically located near Singapore, Senai Airport and the Port of Tanjung Pelepas. This will drive long-term economic growth and position Iskandar Puteri as a robust business and investment hub.

Datuk Hisham Hamdan, chairman of UEM Sunrise, says that the JS-SEZ, developments in Iskandar Puteri, and strategic partnerships are part of a larger vision to position Johor as a dynamic and forward-thinking economy.

GuocoLand CEO Cheng Hsing Yao adds that the Singapore-listed property group will bring along its experience in real estate development and asset management, as well as an understanding of the needs of companies from Singapore, Malaysia and China that wish to establish a presence in the JS-SEZ. Together, they will shape Iskandar Puteri and the wider JS-SEZ through innovative developments.

When it comes to investing in a condominium, securing proper financing is a crucial component. In Singapore, there are various mortgage choices available, but it is vital to understand the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan a borrower can obtain, taking into consideration their income and existing financial commitments. Being well-versed in the TDSR guidelines and seeking guidance from financial experts or mortgage brokers can aid investors in making sound financing decisions and preventing excessive borrowing. Additionally, for up-to-date information on new condominium launches, please visit New Condo Launches.

Prior to this collaboration, UEM Sunrise has played a key role in Iskandar Puteri’s urban development, with residential townships such as the Aspira series and Senadi Hill, as well as commercial and retail hubs, including an upcoming 380-acre industrial park in Gerband Nusajaya.

The growth in Iskandar Puteri will be further fueled by incentives and support schemes introduced by the governments of Malaysia and Singapore. These include special tax rates, stamp duty exemptions and capital allowances, which aim to attract investments for the JS-SEZ. With the support of both governments, the partnership between UEM Sunrise and GuocoLand is set to drive the economic growth of Iskandar Puteri and position it as a thriving business and investment hub.…

Author: admin

Frasers Property has recently formed a partnership with two Chinese real estate groups to jointly acquire a residential site in Shanghai’s Songjiang District. The joint venture (JV) partners successfully secured the site for RMB815.2 million ($151.9 million) through a tender process led by the Shanghai Municipal Bureau of Planning and Natural Resources.

The other JV partners, Xiamen ITG Real Estate Group and Shanghai-listed Gemdale Corporation, are both major players in China’s real estate industry. Xiamen ITG is a wholly-owned subsidiary of ITG Holding Group, a state-owned enterprise under the Xiamen Municipal Government, while Gemdale Corporation is a leading national real estate developer listed on the Shanghai Stock Exchange.

According to a press release on February 26, Frasers Property has announced that the JV partners plan to develop the site into a mixed-use development consisting of 189 low-rise apartments, townhouses, and duplex units. The project will have a total gross floor area of 334,714 square feet.

In addition to this, the development will incorporate flood mitigation measures and ultra-low energy building designs, including efficient thermal insulation, energy-saving door and window systems, reduced thermal bridging, and solar photovoltaics. These features aim to provide a sustainable and environmentally friendly living space for residents.

The project aims to target both upgraders and first-time homebuyers in the Fangsong Community of Songjiang District in Shanghai. This prime residential neighborhood is also close to two existing projects, Club Tree and Palace of Yunjian, which are also joint ventures between Frasers Property and Gemdale Corporation.

When considering purchasing a condo, it is crucial to take into account the maintenance and management of the property. Such properties typically have maintenance fees that cover the maintenance of common spaces and amenities. Although these fees may contribute to the overall cost of ownership, they also guarantee that the property remains well-maintained and retains its value. To make condo ownership a more hands-off investment, investors can enlist the services of a property management company. Additionally, for the latest condo opportunities, check out New Condo Launches.

Lim Hua Tiong, CEO of emerging markets in Asia at Frasers Property, believes that this joint venture not only strengthens the company’s presence in Shanghai but also demonstrates their commitment to delivering high-quality residential developments that cater to the changing needs of the Chinese community.…

CDL posts 10.7% rise in 4Q earnings to $2.2 bil; Ordinaries up 14.3% to $2.3 bil

Investing in a condominium in Singapore offers numerous benefits, one of which is the potential for capital appreciation. With its prime location as a global business hub and strong economic fundamentals, Singapore attracts a constant demand for real estate. As such, property prices in the country have demonstrated a consistent upward trend, particularly in highly sought-after areas where condos are located. For investors who time their market entry wisely and hold onto their properties for an extended period, the potential for substantial capital gains is evident. Keep an eye out for New Condo Launches to maximize your investment opportunities.

According to a second statement released by CDL’s executive chairman Kwek Leng Beng, the previous “serious lapses” in corporate governance at City Developments have been put to a stop. This follows a court hearing on Feb 26, where the two new directors who were “irregularly and hastily appointed” on Feb 7 have agreed not to exercise any powers as directors until further notice from the court.

The two new directors in reference are Jennifer Duong Young and Wong Su Yen, who were appointed as independent non-executive directors through directors’ resolutions. The statement also reveals that Kwek’s son, Sherman Kwek, along with Philip Lee, Wong Ai Ai and the remaining directors acting in concert with them, have agreed not to take any further actions regarding their attempted changes to the board committees and management of certain CDL’s subsidiaries until further notice from the court.

The statement also mentions the suspension of the “irregularly constituted” nominating and remuneration committee from taking further action. According to Kwek, this means that CDL’s board committees and the management of relevant subsidiaries are now safe from further attempts to destabilise, dismantle, and reconstitute them. He adds that this will allow the board and management to function normally and without unwarranted interference, which is crucial for maintaining investor confidence and protecting the long-term interests of shareholders.

On the morning of Feb 26, CDL caused a stir in the markets by calling for a trading halt and cancelling its FY2024 results briefing, which was scheduled later that day. In a statement released at 1.51pm, the company explained that this was due to a disagreement within the board regarding the composition and constitution of the board and board committees. However, the business operations remain fully functional, and Sherman Kwek remains the group’s CEO until there is a board resolution to change company leadership.

In his first press statement, Kwek accused his son, Lee, Wong, and a group of directors of trying to consolidate control of the board and the group. He also mentioned filing court papers on Feb 25 to “set things right,” which he believed was necessary to deal with the “attempted coup.” He stated that they would continue to explore all legal options to defend and protect the interests of CDL and its shareholders. Kwek also mentioned that if Sherman is removed as CEO, the current COO Kwek EIk Sheng will serve as the interim CEO.

CDL’s shares last traded at $5.12 before the trading halt on Feb 26.…

Colliers has been expanding its occupier services team in Asia Pacific in recent months, with several strategic appointments to strengthen its expertise and capabilities in this area.SINGAPORE (Feb 25): Colliers is expanding its occupier services team across Asia Pacific with two new appointments, according to a statement released on Monday (Feb 25).Leanne Chin has been appointed as director of regional tenant representation for Asia Pacific. She will be based in Colliers’ Singapore office. Additionally, Colliers has appointed Ali Porter as director of enterprise clients for Hong Kong. Porter will move to Hong Kong from London, where he worked for Colliers’ Europe, Middle East and Africa business for the past four years.Under his new appointment, Porter will work with occupiers to align their real estate portfolio with their corporate strategies across Asia Pacific. This is in line with Colliers’ focus on providing integrated and comprehensive services for its clients in the region.Chin brings with her more than 15 years of experience in the real estate industry, with a proven track record in tenant representation. In her new role at Colliers, she will be responsible for driving the firm’s tenant representation business across Asia Pacific, helping companies secure the best real estate solutions for their occupancy needs.Porter, who has been with Colliers for the past 11 years, will be responsible for working with enterprise clients in Hong Kong to develop a holistic real estate strategy that supports their business objectives. He brings with him a wealth of experience in advising global clients on their real estate needs, and is well-equipped to understand and navigate the complexities of the Asia Pacific market.Both Porter and Chin will be instrumental in driving Colliers’ growth in the occupier services space, and strengthening the firm’s existing capabilities in providing value-added solutions to clients in Asia Pacific.”The Asia Pacific office market is expected to see continued growth, with occupier demand driven by improving economic fundamentals, business expansion and relocation, as well as the overall positive momentum in the region,” says Terence Tang, managing director, Asia, of Colliers International.”We are committed to taking advantage of these opportunities by forging strategic alliances and building capabilities in our occupier services business. Both Leanne and Ali bring with them a wealth of experience and knowledge of their respective markets, and we are confident that they will play key roles in growing our occupier services business in the region,” he adds.

One crucial factor to consider when investing in condos in Singapore is the country’s property cooling measures implemented by the government. Over the years, the Singaporean government has implemented various measures to prevent speculative buying and maintain a sustainable real estate market. These measures, such as the Additional Buyer’s Stamp Duty (ABSD), impose higher taxes on foreign investors and those buying multiple properties. While these measures may initially affect the profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer environment for investments. Additionally, with a strong focus on Singapore Projects, the country’s real estate market continues to be an attractive option for both local and foreign investors.…

Investing in real estate is an important decision, and one of the key aspects to consider is location. This is especially crucial in Singapore, where the right location can make all the difference. Condos that are strategically positioned in central areas or in close proximity to essential amenities like schools, shopping malls, and public transportation hubs tend to hold higher value over time. For instance, prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently seen an increase in property values. Families looking to invest in real estate also prioritize condos in these areas due to their accessibility to good schools and educational institutions, making them even more desirable and attractive for investment. As such, investing in properties in these prime locations, such as the ones offered by Singapore Projects, can be a smart and lucrative decision for any investor.

JLL, the sole marketing agent, has announced that Ching Shine Industrial Building is now open for collective sale by tender with a minimum price of $113 million. The freehold building, which boasts a 100m frontage along Shaw Road, is comprised of 52 strata units. It sits on a 49,308 sq ft plot of land and has a gross floor area of approximately 137,341 sq ft.

Built in the early 1980s, the property is zoned as “Business 1” under the URA Master Plan 2019, with a gross plot ratio of 2.5. Close to 80% of the owners have given their consent for the collective sale at the minimum price of $113 million, equivalent to a unit land rate of around $823 psf per plot ratio at the existing gross plot ratio of 2.79.

According to JLL, the site may potentially be converted into a food factory, subject to URA approval. The National Environment Agency (NEA) has confirmed that the site meets the buffer requirements for redevelopment into a multi-user factory and the Singapore Food Agency has given their in-principle non-objection to the proposed food factory.

The freehold asset also presents an attractive investment opportunity for family offices seeking long-term growth, as well as owner-occupiers looking to establish a corporate presence, adds JLL.

Nicholas Ng, senior director of capital markets at JLL Singapore, believes that the prime location of the property and the absence of additional buyer’s stamp duty makes it an appealing option for developers as well. The property is easily accessible via major expressways such as the PIE, CTE, and KPE, and is within walking distance from Tai Seng MRT Station on the Circle Line. It is situated in the bustling Tai Seng Industrial estate, surrounded by food factories such as Breadtalk IHQ, Sakae Building, and Food Empire Building, as well as amenities like Grantral Mall @ Macpherson and 18 Tai Seng.

In November 2023, Noel Building, a freehold Business 1 industrial building at 50 Playfair Road, was sold en bloc for $81.18 million, 17% above its $70 million guide price. Ng believes that this transaction is a testament to the strong demand for such assets in the area. He anticipates a similarly competitive response for Ching Shine Industrial Building.

The tender for Ching Shine Industrial Building will close on April 3 at 3pm.…

City Developments Limited (CDL) has released a statement in response to the trading halt it called for earlier this morning. According to the statement, the halt was due to a disagreement within the board regarding the composition and constitution of the board and the board committees.

Despite the temporary suspension, the company’s business operations remain fully functional and unaffected, as stated in their February 26 press release. Sherman Kwek will continue to serve as the group CEO until there is a board resolution to change company leadership.

The matter is currently under review, and the company will provide updates in line with the Singapore Exchange (SGX) listing rules. In a later statement, Sherman Kwek expressed disappointment over the chairman and a minority of the board’s actions regarding the board size and makeup disagreement.

The CEO reiterated that the focus of the majority of the board, with guidance and support from the company and independent legal counsel, has always been to improve governance. The trading halt earlier today was taken despite the legal action not being authorized by the majority of the board.

Kwek emphasized that the issue was never about removing the esteemed chairman, and the steps taken to strengthen the board were solely to ensure the highest standards of governance, for which CDL is known. Since the matter is now being adjudicated in court, the company will not comment on the merits of the case and will provide updates if there are any significant developments.

Investing in a condo in Singapore has become a highly sought-after option for both local and foreign investors, thanks to the country’s strong economy, stable political climate, and exceptional quality of life. The real estate market in Singapore presents a wealth of opportunities, with condos being particularly attractive due to their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, important factors to consider, and steps to take when looking to invest in a condo in Singapore.

CDL also announced its results for FY2020, ended December 31, 2020, on February 26 before the market opened. The company later cancelled its 10 am results briefing. CDL also made an offer to privatize Millennium & Copthorne Hotels New Zealand for $1.72 per share.

Shares in CDL last traded at $5.12. This article was originally published on .…