According to data published by URA on December 16, developers have successfully sold a total of 2,557 new private homes, excluding executive condos (ECs), in November. This represents a 246.5% increase from the 738 units sold in October, as well as a 226% surge compared to the same period in 2023.

Christine Sun, chief researcher and strategist at OrangeTee Group, points out that this surge in sales marks the highest monthly developer sales since March 2013, when 2,793 units were sold, excluding ECs. Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc (SRI), adds that this is the first time new home sales have surpassed the 2,000-unit mark in a single month since March 2013.

Lee Sze Teck, senior director of data analytics at Huttons Asia, explains that this significant rise in developer sales is a result of the unprecedented number of project launches in November. Five private residential projects were launched, including Chuan Park with 916 units, Emerald of Katong with 846 units, Nava Grove with 552 units, The Collective at One Sophia with 367 units, and Union Square Residences with 366 units.

A total of 2,871 new homes were launched for sale, excluding ECs, in November, reflecting a 438% increase from the previous month and a 196% increase from the same period in 2023. In addition, the 504-unit Novo Place EC also commenced sales in November, bringing the total number of new home sales to 2,891 units, which is a 277% spike compared to the previous month and a 226% jump from the same period in 2023.

So far, developers have sold an estimated 6,344 units as of November, only slightly higher than the 6,317 units sold in the first 11 months of 2023. This can be attributed to the 6,627 units that were launched for sale by developers during the same period in 2024. In comparison, 7,515 units were launched during the same period in 2023.

Top-selling projects in November include Emerald of Katong, which sold 840 units, or 99% of its 846 units. The 99-year leasehold development by Sim Lian Group is located in the Rest of Central Region (RCR) and has a median price of $2,627 psf. It is also the best-selling project by units and percentage in 2024. According to OrangeTee’s Sun, buyers were drawn to the project’s excellent design and offerings, with many looking to live near the East Coast. The recent interest rate cuts have also made mortgages more accessible, encouraging buyers to invest in this city-fringe project.

Next on the list is Chuan Park, developed by Kingsford Group with 721 units, or 79% of its 916 units, sold in November. The 99-year leasehold condo, located on Lorong Chua in the Outside Central Region (OCR), has a median price of $2,586 psf. Nava Grove, developed by MCL Land and Sinarmas Land, was the third best-selling project, with 382 units, or 69% of its 552 units, sold during the month. The 99-year leasehold, RCR development has a median price of $2,445 psf and is situated at Pine Grove in District 21.

Sun attributes the strong sales performance among the new launches to pent-up demand and improved buyer sentiment following the September interest rate cuts. She also notes that these attractive deals coincided with the simultaneous launch of several prominent projects, further incentivizing buyers to invest.

As you contemplate investing in a condo, it is crucial to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. The rental yields for condos in Singapore can vary significantly, depending on factors such as location, property condition, and market demand. Typically, areas with high rental demand, such as those near business districts or educational institutions, offer better rental yields. It is essential to conduct extensive market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a specific condo.

Lee adds that buying momentum has been increasing since the last quarter, with robust responses seen for projects such as 8@BT with 158 units and Norwood Grand with 348 units. The widened market also saw buyers who missed out on their desired unit in a specific project quickly committing to units in other new or existing projects. Last month, EdgeProp Singapore reported that the launch of Emerald of Katong had a ripple effect on neighboring projects, with Tembusu Grand and The Continuum experiencing increased take-up rates.

Moving forward, a quieter December is expected due to the school holidays and festive season. Lee predicts new private home sales to fall to 200 to 250 units, bringing the total sales for 2024 to about 6,500 units. This is slightly higher than the sales recorded in 2023. Lee also predicts a moderate price growth of 5%, compared to the 6.8% growth seen in 2023.

Looking into 2025, Sandrasegeran expects new home sales to pick up again in January with the launch of The Orie by City Developments, located on Lorong 1 Toa Payoh. This is the first new property launch in the area since Gem Residences in 2016, and the extended gap is expected to generate pent-up demand. Other launches expected in the first quarter of 2025 include Bagnall Haus with 113 units, Aurea with 186 units, and Aurelle of Tampines EC with 760 units.

Sun believes that the recent surge in sales is temporary, as new home demand has been subdued throughout 2024 due to the lack of significant private project launches. She also points out that developer sales during the first three quarters of 2024 were the lowest recorded since 2004, when URA data became available. Lee is cautiously optimistic about a better performance in the new sale market in 2025, projecting sales to rebound to 7,000 to 8,000 units and prices to grow between 4% and 7%.…

The latest addition to Hilton’s global hospitality portfolio is the newly opened Hilton Garden Inn Beihai Jiafu, located in the vibrant seaport city of Beihai, China. This milestone marks the company’s 100th Hilton Garden Inn property in the Greater China region. With 199 guest rooms, the hotel is conveniently situated just 2km from Beihai High-Speed Railway Station and 6km from Beihai Fucheng Airport. It is also only a short 20-minute drive to the Beihai International Passenger Port.

According to Qian Jin, the president of Hilton Greater China and Mongolia, the opening of Hilton Garden Inn Beihai Jiafu is a testament to the brand’s strong growth and longstanding commitment to the Chinese market. The Hilton Garden Inn brand first debuted in China in 2014 with the opening of the Shenzhen property, and has since expanded to several cities across the country, including Shanghai, Beijing, Chengdu, Guilin, and Aksu. The brand has plans to open more properties in China by 2025, with upcoming locations in popular tourist destinations such as Zhangjiajie, Ordos, Huangshan, Shanwei, and Jinan.

Investing in a Condo requires careful consideration of not only the property itself, but also its maintenance and management. These types of properties often have maintenance fees included in their costs, which cover the upkeep of communal areas and facilities. While this may increase the total cost of ownership, it also guarantees that the property maintains its value and remains in good condition. To further simplify the process for investors, hiring a property management company can take care of the daily management tasks, making it a more hands-off investment. By adding a reputable management company like Condo, investors can ensure that their investment is well-maintained and continues to hold its value.

Hilton’s expansion in China will also feature the debut of Hilton Garden Inn Gen A properties, a regional prototype specifically designed for Generation Alpha travelers in Greater China. In June, Hilton announced the launch of Hilton Garden Inn Gen A, with initial locations planned in Nanjing, Chengdu, Chengde, and Jinan. These new properties will contribute to the brand’s growth across the wider Asia Pacific region. Clarence Tan, senior vice president of development for Asia Pacific at Hilton, shares that there are currently over 200 Hilton Garden Inn properties in various stages of development across the Asia Pacific region.…

CapitaLand Investment Limited (CLI) is expanding its presence in Australia with the acquisition of Wingate Group Holdings’ property and corporate credit investment management business for A$200 million ($173 million), with an additional earn-out.

Once the acquisition is completed, CLI’s total funds under management (FUM) in Australia will increase by 30% to $8.3 billion, accounting for around 7% of its total of $115 billion. With a 2028 goal of reaching $200 billion in FUM, CLI has committed to investing up to A$1 billion to grow its FUM Down Under, a focus that comes a decade after the previous board and management sold its key assets in Australia to concentrate on faster-growing markets such as China.

Investing in a condo in Singapore comes with numerous benefits, one of the most notable being the potential for capital appreciation. Positioned as a global business hub, Singapore’s strong economic foundations have resulted in a consistent demand for real estate. This has led to a steady increase in property prices, particularly in prime locations, making condos a desirable investment option. By purchasing a condo at the opportune time and holding onto it for the long haul, investors can reap significant capital gains. To explore further investment opportunities in Singapore, check out Singapore Projects.

CLI’s recent investor day highlighted its plans to acquire Wingate, a move that was confirmed with the announcement on Dec 16, following earlier reports by the Australian media in November. Wingate is one of Australia’s leading private credit investment managers, with a track record of completing more than 350 transactions worth over A$20 billion.

CLI and Wingate have already established a partnership through the A$265 million Australia Credit Program (ACP), which closed in September. According to CLI, Wingate will contribute to its extensive deal origination network, provide access to more institutional and private high-net-worth investors, and increase its exposure to Australia.

CLI’s group CFO, Paul Tham, believes that besides Australia, there are also significant private credit opportunities in other Asia Pacific markets, including South Korea, India, and Japan. He adds that Australia is a focus market with potential for growth as CLI accelerates its geographical diversification efforts.

CLI states that the Australian private capital market has grown by 33% in the last 18 months, with assets under management reaching A$139 billion. By 2028, a projected commercial mortgage funding gap of A$146 billion is expected. With the acquisition of Wingate, CLI will further diversify its portfolio, which currently consists of logistics, business parks, office, and lodging assets across nine cities in Australia.

As of Sept 30, CLI manages 34 logistics properties and business parks and four Grade A office buildings in Australia. It also has over 13,500 lodging units in more than 150 properties through its wholly-owned lodging business unit, The Ascott. The acquisition of Wingate will strengthen CLI’s presence and growth potential in the Australian market.…

A cluster of four freehold conservation shophouses located at 762, 764, 766, and 768 North Bridge Road is currently up for sale through an expression of interest (EOI) with a guide price of $37 million. These properties sit on two plots of land measuring 5,766 sq ft, equating to an average land rate of $6,417 per square foot.

The first plot comprises of 762 and 764 North Bridge Road, which share a land area of 2,891 sq ft and a built-up area of 4,917 sq ft (including a mezzanine level). The remaining two shophouses, 766 and 768 North Bridge Road, are situated on an adjoining plot of 2,875 sq ft with a built-up area of 4,657 sq ft (including a mezzanine level).

Isabel Sim, associate senior marketing director at Huttons Asia, is exclusively marketing these properties. She highlights that each shophouse’s usable area can be expanded by extending the rear to create an outdoor terrace on the second floor, subject to relevant approvals. This extension is estimated to increase the usable area by 1,000 sq ft for each land plot.

At present, the shophouses are tenanted by a fitness retail shop, a convenience store, and massage and reflexology services. As commercial properties, buyers will be exempt from Additional Buyer’s Stamp Duty (ABSD), making them an attractive investment opportunity for both local and foreign buyers seeking potential capital gains and stable rental yield, says Sim.

Strategically located in the historic Kampong Glam Conservation enclave, all four shophouses have prominent frontage along North Bridge Road and enjoy high visibility and footfall. The area is a short walk away from Bugis MRT Interchange, providing easy access to the East-West and Downtown Lines, as well as Nicoll Highway MRT Station along the Circle Line.

Kampong Glam is known for its central location, rich historical significance, and vibrant commercial environment, making it a popular destination for both locals and tourists. It is home to iconic landmarks such as Sultan Mosque and the Malay Heritage Centre, which sits on the former Istana Kampong Glam grounds.

The EOI exercise will close on January 10, 2025, at noon. For further details, interested parties can reach out to Isabel Sim at 81802707, associate senior marketing director at Huttons Asia (R065855G).

Investing in real estate is a significant decision, and choosing the right location can make all the difference. This is particularly true in Singapore, where the location plays a critical role in determining the value of a property. Condominiums located in central areas or close to necessary amenities, such as schools, shopping centers, and public transportation, have shown a consistent appreciation in value. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have experienced a steady growth in property values. Families seeking top-rated schools and educational institutions also find these areas highly desirable, making condos in these locations an even more lucrative investment. In addition, Singapore Projects can further enhance the value and potential of these properties.…

Undoubtedly, investing in a condo in Singapore comes with a multitude of advantages. The country’s strong economy and steady growth have resulted in a high demand for real estate, making it a lucrative market for investors. Moreover, Singapore’s government has implemented policies to maintain a stable and sustainable property market, providing a sense of security for investors. Another significant benefit of owning a condo in Singapore is the potential for capital appreciation. With the continuous development and urbanization of the city, properties are expected to increase in value over time, offering attractive returns for investors.

Additionally, investing in a condo in Singapore can also bring in steady rental income. The country’s rental market is strong, thanks to its large expatriate population and a steady influx of foreign workers. Condos are particularly popular among renters due to their modern amenities and convenient locations. As a result, investors can expect to earn attractive rental yields, adding to the overall profitability of their investment.

However, it is crucial for investors to carefully consider various factors before making a purchase. Location is a crucial aspect to consider, as it can greatly affect the demand and value of a condo. Areas with good transportation links, proximity to business districts, and nearby amenities are often more desirable and can command higher rental rates. Additionally, investors should also research financing options and government regulations, as they can impact the affordability and profitability of a property.

Furthermore, staying updated on the current market conditions is essential for making informed investment decisions. It is advisable to seek professional advice from real estate experts and consultants who can provide valuable insights and assist in identifying profitable opportunities. A wise and well-informed investment strategy can help maximize returns and mitigate risks in Singapore’s dynamic and ever-evolving real estate market.

Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, Singapore’s condo market offers a compelling opportunity. With the country’s strong economic growth and government support, investing in a condo in Singapore is a wise and strategic choice for long-term investment success. To discover potential projects in Singapore, visit Singapore Projects and explore the various options available. Conducting thorough research and seeking professional guidance can lead to a successful and rewarding investment journey in Singapore’s real estate market.

Hill House hits new high of $3,267 psfIf you’re looking for a luxury freehold development in prime District 10, Grange 1866 is definitely worth considering. In the week of Nov 22 to 29, it topped the list of condos that saw a new psf-price high, with a new record of $3,393 psf. The previous record of $3,390 psf was set by the developer in June last year, and this new peak was achieved through the sale of an 818 sq ft, two-bedroom unit for $2.78 million on Nov 27.This marks the 14th-floor unit as the most expensive unit to transact at the development by absolute price so far this year. In total, there have been 12 new sale transactions at Grange 1866 in 2021, with an average price of $3,181 psf. The highest-priced sale at the development this year was for a 1,012 sq ft, two-bedroom unit on the 16th floor, which was sold for $3.02 million ($2,989 psf).Occupying a prime location along Grange Road, Grange 1866 is a freehold development expected to be completed by the end of 2025. The single 16-storey residential block features one- and two-bedroom apartments ranging from 527 and 1,012 sq ft.In second place for new psf-price highs recorded in the week of Nov 22 to 29 was Hill House, a boutique condo located on Institution Hill, off River Valley Road, in prime District 9. The development achieved a new psf-price high for the second time in November, with the latest peak clocking in at $3,378 psf. This was achieved through the sale of a 452 sq ft, two-bedroom unit on the 8th floor for about $1.53 million on Nov 25.The latest sale surpassed the previous record of $3,267 psf by 3.4%. The previous record was set on Nov 11, when another two-bedroom unit of the same size on the fifth floor was sold for about $1.48 million.The developer has sold 12 units at Hill House since the beginning of this year, with the units transacting at an average price of $3,108 psf. The most affordable unit in terms of psf-price that transacted at the development in 2021 was a 753 sq ft, three-bedroom unit on the fourth floor that was sold for $2.21 million ($2,934 psf) on Oct 28.Expected to be completed in 2026, the 72-unit boutique development has one- and one-bedroom-plus-study units between 431 and 452 sq ft, as well as two-bedroom units of 624 sq ft and three-bedroom apartments of 753 sq ft.The final condo on the list for new psf-price highs was The Cosmopolitan. The 999-year leasehold condo set a new record when a 1,324 sq ft, three-bedroom unit on the 26th floor was sold for $3.73 million, or $2,817 psf, on Nov 25. This marked a 0.7% increase from the previous peak of $2,795 psf achieved in October last year when another 1,324 sq ft, three-bedroom unit on the 17th floor of the same block was sold for $3.7 million.The sellers of the 26th-floor unit had purchased the unit for $2.58 million, or $1,950 psf, in November 2010, making a profit of about $1.15 million. Completed in 2008, the 228-unit freehold condo is situated along Kim Seng Road, just off River Valley Road, in prime District 9. Units at The Cosmopolitan range from one-bedroom units measuring 1,141 sq ft to three-bedroom units between 1,324 and 1,399 sq ft, and four-bedroom apartments of 1,679 sq ft.The condo is within a 1km radius of River Valley Primary School and within walking distance of Great World MRT Station on the upcoming Thomson-East Coast Line. Nearby dining and retail options are available at Great World City.As of this writing, there were no new psf-price lows recorded during the period in review. For more information on these developments, search for the latest New Launches, to find out the transaction prices and available units.…

After two years of consecutive losses, the global real estate market finally saw a positive turn in the second quarter of 2024, hinting at a potential recovery. The surge in real estate values during the era of low interest rates had led to a significant increase in global total returns, with figures reaching 5.0% q-o-q in the last quarter of 2021 and 17.8% y-o-y in the first quarter of 2022, well above long-term averages.

When it comes to investing in Singapore condos, another important factor to consider is the government’s property cooling measures. In an effort to prevent speculative purchasing and maintain a steady real estate market, the Singaporean government has implemented several measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those acquiring multiple properties. While these measures may have an impact on the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making Singapore condos a secure investment opportunity. If you are interested in learning more about Singapore condos, websites like Singapore Condo offer valuable information and resources for potential investors.

However, with the tightening cycle that followed, these gains were wiped out, and real estate values returned to 2018 levels globally. But we believe that the correction in the market is almost complete, making it an opportune time for investors to consider revisiting this asset class. Real estate has a history of providing stable income returns and diversification benefits over the long term, and it has the potential to generate robust returns during recovery periods. For example, after the recession in the early 1990s, investors saw a cumulative return of 76% over the next five years.

Evidence of a turnaround in valuations can be seen in the second quarter of 2024, where global value losses moderated to 0.74%, the lowest quarterly adjustment in the past two years. This was balanced by income returns of 1.07%, resulting in a positive return of 0.33%, the first positive quarter since 2Q2022.

Among the 15 global markets in the MSCI Global Property Index, a slight majority saw an increase in real estate values for the first time since 2Q2022. Eight markets, including Japan, South Korea, Singapore, Southern Europe, the Nordics, the Netherlands, France, and the UK experienced value increases from the previous quarter. Six markets saw a moderation in value losses, ranging from 0.3% to 1.5%, all of which were an improvement from the first quarter of 2024. Only Australia recorded a larger write-down in the second quarter than in the first, with a 4.2% correction that brought valuations more in line with its peers. However, it is important to note that changes in capital values are just one component of real estate returns. Historically, the larger component of total returns has been income, highlighting the crucial role it plays in driving overall performance in the real estate sector. Thus, investors need to consider both capital and income aspects when evaluating real estate investments.

When looking at total returns, which combine both income and capital returns, 12 out of 15 countries in the MSCI Global Property Index saw positive returns in the second quarter of 2024. The US saw flat returns at –0.09%, while Ireland saw a slight decline at –0.22%, and Australia saw a significant decline at –3.07%. However, preliminary data from the NCREIF ODCE index, a capitalisation-weighted, gross-of-fee, time-weighted return index, showed total returns in the US turning positive at 0.25%. With values on the rise, we expect the positive trajectory in total returns to continue.

Looking at Asia Pacific, while there are signs of a potential rebound in real estate investment globally after two slow years, China and Japan may face some challenges. In the third quarter of 2024, China and Japan accounted for 27% and 15% of the US$7.5 billion ($10.04 billion) in cross-border inflows in Asia Pacific. However, both countries may encounter obstacles due to high debt costs and other factors that could hinder a strong rebound in real estate capital inflows. For instance, interest in Chinese real estate from the West has significantly declined over the past few years due to geopolitical and economic concerns, which are unlikely to dissipate anytime soon. In addition, China’s domestic property crisis continues, with high office vacancies, low rental yields, and ongoing issues with failing developers and government interventions. Meanwhile, in Japan, rising interest rates have prevented cap rate compression, meaning property prices have not increased, forcing real estate holders to rely on historically low-income yields. However, the senior housing niche remains attractive due to Japan’s ageing population, with 29% of the population aged 65 or over. These assets require an amalgamation play by investors.

Australia, on the other hand, offers promising opportunities in the purpose-built student accommodation (PBSA) market, where there is a significant housing shortage. Furthermore, real estate debt in Australia offers appealing risk-adjusted returns, with funding gaps in construction, pushing developers to seek alternative sources of financing. Sectors like logistics or PBSA could present long-term growth opportunities for investors.

The stabilising of fundamentals in the real estate market, including valuations and transaction market pricing, suggests that the market may have bottomed out. However, this alone does not indicate an attractive entry point for investors. For market pricing and valuations to increase, we would ideally see declining interest rates and strengthening property fundamentals. Most developed market central banks have started to taper interest rates, which should put downward pressure on financing rates, discount rates, and property capitalisation rates, thereby driving up the value of real estate assets. Additionally, the pullback in construction activity across sectors suggests that property fundamentals will improve in the medium term. With supply obstacles gradually diminishing, markets with positive demand due to population growth or structural changes, such as e-commerce, are poised to see increased occupancies in the medium term. This, in turn, will drive up rents and property values, presenting opportunities for investors to gain from increased occupancies and rents.

While the global private real estate market outlook appears to be improving, not all markets and property types will perform equally well. For example, the US office market still faces significant challenges, and a broad recovery in that segment seems unlikely in the near term. This underscores the need for research and selectivity when investing in real estate.

In an uncertain economic and geopolitical environment, additional risks are inevitable, but this applies to all asset classes. Over the past two years, the weight of real estate in investors’ portfolios has decreased significantly due to resetting real estate values and a soaring stock market. In such a situation, investors may consider increasing their allocations to the private real estate market to achieve a strategic weighting. In the long run, private real estate offers low correlations to other asset classes, strong income returns, and some degree of inflation hedging. Though there may be bumps along the way, we believe the market is on an upward trajectory, providing excellent investment opportunities for savvy investors.…

The sale of a unit at the freehold condo, Island View, in Pasir Panjang, has been recorded as the most profitable resale transaction during the week of November 26 to December 3. The unit, which spans 3,498 square feet, was sold for $4.8 million on November 27, which translates to $1,372 per square foot. The seller had originally purchased the property in September 2005 for $1.3 million, equating to $372 per square foot. After holding onto the unit for almost 19 years, the seller was able to make a profit of $3.5 million, resulting in a capital gain of 269% or a yearly profit of 14.2%.

This transaction has now become the most profitable deal to have taken place at Island View, surpassing the previous record of $3.19 million profit from the sale of another 3,498 square foot unit for $5.09 million ($1,455 per square foot) in February 2022. The seller of this unit had purchased it in February 2007 for $1.9 million ($543 per square foot).

Island View is a boutique condo located on Jalan Mat Jambol, off Pasir Panjang Road in District 5. Comprised of low-rise blocks and completed in 1984, it consists of 72 units ranging from 3,056 square feet to 3,538 square feet. Its convenient location within walking distance of the Pasir Panjang MRT Station on the Circle Line adds to its appeal.

The collective sale attempt by owners of Island View was launched in September 2023, with a tender opening at $575 million. However, the property was relisted for sale in March this year with no bids received. The second most profitable condo resale deal of the week took place at Cavenagh Court, with a unit spanning 1,862 square feet on the sixth floor selling for $3.65 million on December 2. The seller had originally purchased the unit in April 2006 for $1.02 million, resulting in a profit of $2.63 million after almost 19 years of ownership.

This transaction has now set a new record for a unit at Cavenagh Court, surpassing the previous top profit of $2.15 million from the sale of another 1,862 square foot unit on the fourth floor for $3.28 million ($1,761 per square foot) in April 2022. The seller had purchased this unit in October 2007 for $1.13 million ($607 per square foot).

Cavenagh Court is a freehold condo located on Cavenagh Road in District 9’s Newton area. It was completed in 1971 and consists of 68 units ranging from 1,819 square feet to 1,862 square feet. Its proximity to the Orchard Road shopping district is one of its key selling points.

Apart from these two transactions, Cavenagh Court has only seen one other resale this year, with a 1,840 square foot unit on the sixth floor selling for $3.82 million ($2,074 per square foot). The seller had acquired the property in August 2019 for $2.88 million ($1,565 per square foot), resulting in a profit of around $938,000.

On the other end of the spectrum, the sale of a duplex penthouse at The Berth By The Cove has been recorded as the least profitable condo resale deal of the week. Selling at $3.6 million ($1,165 per square foot) on November 29, the four-bedroom apartment spanning 3,089 square feet was purchased in August 2007 for $5.53 million, resulting in a loss of $1.93 million after around 17 years of ownership.

This transaction is now the second most unprofitable deal recorded at The Berth By The Cove to date, with the largest loss belonging to a 2,939 square foot unit. It was sold for $3.25 million ($1,106 per square foot) in February 2018, resulting in a loss of $2.39 million for the seller who had purchased the unit in October 2011 for $5.64 million ($1,919 per square foot).

It is crucial for international investors to have a thorough understanding of the rules and restrictions surrounding property ownership in Singapore. While owning landed properties in Singapore is subject to strict regulations, foreign buyers typically face fewer limitations when purchasing condos. However, they must still pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first condo purchase. Despite this additional cost, the stability and potential growth of the Singapore real estate market continue to attract foreign investment. Therefore, if you are considering investing in a condo in Singapore, familiarizing yourself with the regulations and limitations is essential in making an informed decision. Condos in Singapore are a popular choice for international investors due to the reliable and promising real estate market.

The Berth by the Cove is a condo located on Ocean Drive in the Sentosa Cove residential enclave on Sentosa Island. Completed in 2006, it consists of 200 units spread over 15 low-rise blocks of six storeys each. Its apartments range from two to four-bedrooms measuring between 1,012 square feet to 2,325 square feet. Additionally, there are also four- and five-bedroom penthouses spanning 2,939 to 6,028 square feet.

There have been seven other resale transactions at this condo this year, with sale prices ranging from $1,237 per square foot to $1,535 per square foot. Four of these deals were unprofitable, resulting in losses of between $40,000 and $780,000 for the sellers. On the other hand, the remaining three transactions were profitable, netting gains of $200,000 to $430,000 for the sellers.…

Ashish Manchharam, a real estate and hospitality veteran, has been appointed as a board director for Singapore-founded flexible living platform Cove. With over 10 years of experience in the industry, Manchharam founded and built 8M Real Estate into a successful portfolio of $1.5 billion before exiting the company in 2023. In early 2024, he established Elevate Capital, which focuses on lifestyle-driven real estate investments.

Manchharam’s expertise and experience will be instrumental in helping Cove acquire flexible living assets in collaboration with third-party investors such as real estate funds, institutional investors, and family offices. His appointment is in line with Cove’s growth strategy to expand through asset acquisition, in addition to its existing asset-light model as a branded flexible living operator and online listing platform. Cove caters to professionals and students and currently has over 6,000 rooms in Singapore and Indonesia. It plans to extend its reach to the wider Asia Pacific region, with 800 rooms to be launched in South Korea and 400 rooms in Japan.

Ultimately, purchasing a condo in Singapore brings with it a multitude of benefits. This includes a high demand for rental properties, the potential for long-term capital appreciation, and attractive rental yields. However, it is crucial to thoroughly evaluate certain factors before making any investment decisions. These factors include the condo’s location, financing options, government regulations, and current market conditions. By carefully conducting research and seeking professional advice, investors can make well-informed choices and capitalize on the dynamic real estate market in Singapore. Whether you are a local investor seeking to diversify your portfolio or a foreign buyer looking for a stable and lucrative investment, condos in Singapore offer a compelling opportunity to achieve your investment goals.

The company has recently closed a US$4.5 million funding round, with Manchharam and existing investors Eurazeo and Keppel participating. Keppel had previously acquired a strategic minority stake in Cove in December 2020. Cove’s CEO and co-founder Guillaume Catagne shares that the company achieved significant portfolio growth in 2024 and became EBITDA positive. It aspires to double its portfolio to 15,000 units by the end of 2025.…

Monday, Dec 5 and Tuesday, Dec 6 saw William Liem, CEO of Tuan Sing Holdings, increasing his company’s stake by purchasing a total of 1,745,300 shares through his entity Nuri Holdings (S). With these latest purchases, Liem’s stake in Tuan Sing now stands at 672.7 million shares, or 54.09% of the company’s total shares.As reported on Sept 10 and 11, the Liems had also bought shares through Nuri Holdings, paying an average of 25 cents to 25.5 cents per share. And with Tuan Sing’s net asset value at 97.8 cents per share as of June 30, it’s clear that the Liem family sees great value and potential in the company’s future growth.AdvertisementIn fact, Tuan Sing has recently announced its acquisition of several assets from PT Senimba Bay Resort in Batam for $28 million, as well as the purchase of Fraser Residence River Promenade for $140.9 million. These strategic moves are expected to boost the company’s earnings, which have already seen a 5% increase to $4.8 million in FY2023.Step into the high life at Peak ResidenceWith a strong leadership and a series of smart investments, it’s clear that Tuan Sing is set for even greater success in the future. As the company continues to expand its portfolio and explore new opportunities, investors can be confident in its growth potential and long-term stability.

When it comes to real estate investing, one important aspect to consider is location. This is especially true in the context of Singapore. Condominiums located in central areas or near essential amenities such as schools, shopping malls, and public transportation hubs have a higher potential for appreciation in value. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. The presence of reputable schools and educational institutions in these areas also adds to the desirability of condos, making them a valuable investment option for families. Hence, it is no surprise that Singapore Condo properties are highly sought after in these prime locations.…

The manager of AIMS APAC REIT (AA REIT) has announced that the REIT’s trustee, HSBC Institutional Trust Services (Singapore) Limited, has signed a sales and purchase agreement with Crown Worldwide for the sale of its property located at 3 Toh Tuck Link. This sale will see the property being divested for $24.388 million, which is a 32.5% premium to its valuation of $18.4 million as of March 31.

The demand for Singapore Condos continues to rise due to the limited land availability in the small island nation. With a rapidly growing population, Singapore faces challenges in finding suitable land for development. As a result, strict land use policies are in place, making the real estate market highly competitive, and driving up property prices. As a result, investing in real estate, particularly condos, has become an attractive option for potential buyers, with the promise of significant capital appreciation.

The property, which consists of a three-storey factory and a five-storey ancillary office building with a total gross floor area of 12,492.4 sqm, was deemed to be a strategic divestment for AA REIT. The net proceeds from the sale will be reinvested to support the REIT’s growth initiatives, including potential new acquisitions, asset enhancements initiatives, or future redevelopment projects.

According to Russell Ng, CEO of the manager, this divestment is in line with their proactive asset management strategy and their continuous efforts to rejuvenate their portfolio. This will ultimately strengthen AA REIT’s resilience and deliver sustainable returns for its unitholders in the long term.

The transaction is expected to be completed by the first half of 2025, subject to approval from JTC Corporation. Following the divestment, AA REIT’s portfolio will consist of 27 properties in Singapore and Australia.…