Month: January 2025

CapitaLand Ascott Trust (CLAS) has recently acquired two freehold limited-service hotels in Japan for a total of JPY21 billion ($178.5 million). The two hotels are ibis Styles Tokyo Ginza, located in the bustling city of Tokyo, and Chisun Budget Kanazawa Ekimae, situated in the charming city of Kanazawa. The acquisition was made at a discounted price of 8.3% based on independent valuation. This strategic move addresses a key part of CLAS’ portfolio reconstitution strategy to enhance the quality of their portfolio and deliver stable returns to their Stapled Securityholders.

The acquisition of these two hotels is expected to have a positive impact on CLAS. On a FY2024 pro forma basis, the acquisition is projected to increase CLAS’ distribution per stapled security (DPS) by 1.6%. Furthermore, the blended net operating income (NOI) yield for the two hotels is estimated to be at 4.3%, which is higher than the yield from the four properties that were divested in the past year. This natural hedging against currency fluctuations is made possible by funding the acquisition with JPY-denominated debt and proceeds from the divestment of the four previous properties in Japan.

The ibis Styles Tokyo Ginza is situated in the heart of the city’s shopping and entertainment district. With 224 well-equipped rooms, the hotel provides easy access to popular spots such as Ginza Six, a high-end retail mall, and the famous Uniqlo global flagship store. Guests can also take a leisurely stroll to the iconic Ginza Wako clock tower in less than 10 minutes.

To summarize, the decision to invest in a condo in Singapore can bring about a multitude of benefits. These include a high demand for properties, the potential for capital appreciation, and attractive rental yields. However, it is crucial to thoroughly consider various factors such as location, financing options, government regulations, and market conditions. It is highly recommended to conduct extensive research and seek professional advice before making any investment decisions in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer searching for a secure and profitable venture, the condo market in Singapore offers a compelling opportunity. To further increase your investment options, consider checking out Singapore Projects to take advantage of the various available projects in the country. With the right approach, you can make well-informed decisions and maximize your returns in this dynamic real estate market.

As for the Chisun Budget Kanazawa Ekimae, it is located in the northwest of Japan, in the city of Kanazawa. This city is known for its rich history and cultural attractions, including traditional landscaped gardens, the Kanazawa Castle, and the geisha and samurai districts with preserved architectural designs from Japan’s Edo period. The hotel offers 392 spacious units, providing guests with easy access to these popular attractions.

The acquisition of these two hotels is part of CLAS’ continuous growth strategy. In the past 12 months, CLAS has completed investments of approximately $530 million. These acquisitions have a higher yield compared to the divestments, which has effectively enhanced CLAS’ income distribution.

Some notable investments completed by CLAS in 2024 include Teriha Ocean Stage, a rental housing property in Fukuoka, Japan, acquired in January 2024. In June 2024, CLAS purchased the remaining 10% stake in Standard at Columbia, a student accommodation property in the United States of America. In December 2024, CLAS completed the acquisition of lyf Funan Singapore.

In the same year, CLAS also divested properties worth over $500 million, unlocking approximately $74 million in net gains. This demonstrates CLAS’ proactive approach in portfolio management, constantly seeking opportunities to optimize their portfolio and maximize returns for their Stapled Securityholders.

Serena Teo, CEO of CLAS’ manager, expressed her confidence in these strategic acquisitions. “The acquisition is part of our portfolio reconstitution strategy to enhance the quality of our portfolio and deliver stable returns to our Stapled Securityholders,” she said. “By swiftly redeploying divestment proceeds into these higher-yielding assets, we have fully replaced the income from the four divested properties.”

On the stock market, CapitaLand Ascott Trust closed at 90 cents per unit. This significant acquisition further strengthens CLAS’ position in the market, and investors can expect positive returns in the coming years.…

Mapletree Investments has recently made some strategic acquisitions in the European logistics sector, with the purchase of its first logistics property in the UK and 10 warehouses in Spain. The total value of these acquisitions is estimated to be around EUR315.1 million ($444.5 million).

These newly acquired properties, spanning over 256,000 sqm, will be included in the seed assets of Mapletree’s second European logistics-focused fund. This move signifies the company’s goal of deepening its focus in the logistics sector and expanding its presence on a global scale, as stated in their press release on January 27.

The launch of the fund will take place at an appropriate time after achieving sufficient scale, according to Mapletree. Ralph van der Beek, CEO of Mapletree’s European commercial and logistics arm, explains that logistics remains an attractive sector, with strong demand from both occupiers and investors. He also notes the continued growth of e-commerce and the efforts of companies to secure and develop their supply chains.

Van der Beek believes that these newly acquired assets will contribute to stable and recurring returns over the long term. The UK property, located in Derby Commercial Park, boasts convenient access to major arterial roads such as the M1, A50, and A6. It is also strategically located near the city center and the East Midlands Airport. The tenant has recently extended their long-term lease, making this property an attractive investment for Mapletree.

The decision to invest in a condo in Singapore has gained widespread popularity among both locals and foreigners, owing to the country’s strong economy, stable political climate, and exceptional quality of life. With a plethora of opportunities available in Singapore’s real estate market, condos are particularly appealing for their convenience, amenities, and potential for impressive returns. This article will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore. Condos offer an excellent option for those looking to invest in Singapore’s real estate market.

Meanwhile, the warehouses in Spain are situated in vital logistics hubs, with immediate access to the city center via various transportation options. They are located in the first rings of Barcelona, Valencia, and Madrid, and are expected to benefit from the presence of third-party logistics providers and manufacturers. These companies are highly committed to these properties, thanks to their proximity to production facilities and investments dedicated to automation and fit-outs on site.

With these new acquisitions, Mapletree now has a portfolio of 80 logistics assets spread across eight countries. This move aligns with the company’s growth strategy and its goal of expanding its presence in the global logistics market.…

Turquoise, a luxurious 91-unit waterfront condo at Sentosa Cove, is offering three duplex penthouses for sale at $23 million. The largest of the three penthouses has a size of 7,987 sq ft, five bedrooms and is also the largest out of the 10 penthouses at the condo. It is being marketed at $12 million ($1,502 psf).

The penthouse boasts a wine cellar, kitchen and living area, four en-suite bedrooms, two utility rooms, and a balcony on the lower level. The upper level features the master bedroom suite, which includes a private infinity pool, pool deck, and outdoor shower.

The second-largest penthouse for sale at Turquoise is a 3,746 sq ft, four-bedroom unit listed at $5.99 million ($1,599 psf). The upper level features a large open-air terrace with a built-in jacuzzi and unobstructed views of Sandy Island and Sentosa’s southern waterfront. The remaining penthouse is a 3,111 sq ft, three-bedroom unit listed at $5 million ($1,607 psf). All three penthouses are situated on the sixth floor, offering private lift lobbies, wet and dry kitchens, floor-to-ceiling windows, open balconies, and attached en-suites in each bedroom.

Aside from the luxurious and spacious units, residents can also enjoy a variety of amenities such as a gym, barbeque pits, swimming pool, steam room, and 21 private berths for residents’ yachts. This 99-year leasehold waterfront condo was completed in 2010 and is developed by Ho Bee Land. It consists of three 6-storey blocks, with a mix of three- and four-bedroom typical units, penthouses, and sky villas.

The developer still owns the largest penthouse unit, a 7,987 sq ft, five-bedroom duplex listed at $12 million. Based on URA caveats, the second-largest penthouse was sold in November 2007 at approximately $9.5 million ($2,545 psf), and the three-bedroom penthouse was purchased in December 2007 at $8 million ($2,579 psf), both of which are now being sold at a lower price.

The 39 new units were sold between October 2007 and February 2008 at an average price of $2,596 psf, but prices have since softened. In 2021, a 2,400 sq ft, four-bedroom unit was sold at $2.8 million – the lowest price ever recorded at Turquoise – which is $1,165 psf. To boost sales, Ho Bee released its 16 remaining units for sale in April 2021 at discounted prices ranging from $1,290 psf to $1,536 psf, mainly for the lower-floor units. Last year, the average price of units sold at Turquoise was $1,427 psf across four resale transactions.

According to Michele Cabasug, senior associate VP at List Sotheby’s International Realty, the first purchasers of these waterfront homes bought them as investment and holiday homes, but recent buyers, particularly Singaporeans, have a different motive. When Turquoise was first launched, 59% of the 39 new purchasers were foreign nationals, while only 25.6% were Singaporeans. Now, Singaporeans account for 57.4% of the resale transactions, while PRs account for 32.3%, and foreign buyers account for 8.8%.

When it comes to purchasing a condo, it is crucial to also take into account the maintenance and management of the property. Condominiums usually come with maintenance fees that cover the maintenance of shared areas and amenities. Although these fees may increase the total cost of owning a condo, they play a vital role in keeping the property well-maintained and its value intact. To further ease the responsibilities of investors, hiring a property management company can transform condo ownership into a more hands-off investment. For more information on Singapore projects, visit https://www.janomespecials.com/.

Cabasug adds that potential buyers in Sentosa Cove are more likely to live in their properties rather than use them as holiday homes. Aside from retirees seeking a slower pace of life, there are also young families with drivers who drive their children to school. The rise of working from home arrangements has also attracted buyers to invest in homes in Sentosa, with some being first-generation PRs or new citizens adjusting to the slow-paced life.…

Condo Development, The Botanic on Lloyd, has once again broken records by achieving the highest psf-price among private non-landed developments in the period between January 3 and January 11. The new price peak was set by a four-bedroom unit on the second floor which sold for $5.13 million or $2,493 psf on January 7.

This new record price has surpassed the previous high of $2,339 psf by 6.6%, which was set in October last year when a three-bedroom unit on the fourth floor was sold for $3.5 million.

The Botanic on Lloyd is a freehold boutique development located on Lloyd Road in Prime District 9. Comprising of 60 apartments and six townhouses, the units are a mix of three- and four-bedroom types ranging from 1,485 sq ft to 3,584 sq ft. The townhouses, which come with five bedrooms and two private parking lots each, range from 4,058 sq ft to 4,446 sq ft in size.

Another freehold development, The Cape, achieved the second-highest psf-price among condos that hit a new high during the period in review. A three-bedroom unit on the 15th floor sold for $3 million, setting a new record of $2,284 psf on January 10.

The average price of apartments at The Cape has been on an upward trend in the past year, with three resale transactions recorded last year at an average price of $2,128 psf. In 2013, only one unit was sold, a one-bedroom unit which fetched $1.24 million or $1,920 psf.

The Cape, located along Amber Road in District 15, is a 76-unit freehold project that consists of one- to three-bedroom units ranging from 570 sq ft to 1,539 sq ft.

When considering purchasing a Condo, it’s crucial to thoroughly assess not only the physical property itself, but also the maintenance and management services that come along with it. Common areas and amenities in most Condos come with a maintenance fee, which can potentially increase the overall cost of owning a Condo. However, this fee also ensures that the property stays in top condition and maintains its value over time. For investors, hiring a property management company can be advantageous as it offers a hands-off approach to overseeing the daily operations of their Condo. This transforms the investment into a passive and hassle-free venture. With these services in place, investors can have peace of mind knowing that their Condo will be well-maintained, freeing up their time to focus on other important aspects of their life.

Meanwhile, upcoming condo Tembusu Grand recorded a new price low of $2,174 psf on January 11 when a three-bedroom unit on the 20th floor sold for $3.04 million. This new record low surpassed the previous record of $2,193 psf, which was set just two months earlier in November 2024.

Tembusu Grand, a 638-unit 99-year leasehold project located on Jalan Tembusu, off Tanjong Katong Road in prime District 15, is comprised of one- and two-bedroom units ranging from 527 sq ft to 883 sq ft, three- and four-bedroom units ranging from 990 sq ft to 1,604 sq ft, and five-bedroom units ranging from 1,711 sq ft to 2,691 sq ft.

Launched in April 2023, Tembusu Grand has sold 584 units (91.5%) at an average price of $2,444 psf, according to caveats lodged as of January 20. The project is expected to obtain its Temporary Occupation Permit in 2028.…

Thanks to limited supply and strong demand, HDB resale prices continued their upward trend, growing 2.6% in the fourth quarter of 2024. This marks the 19th consecutive quarter of price growth, with the cumulative increase for the year coming in at 9.7%. This is nearly double the 4.9% year-on-year increase witnessed in 2023. According to Mohan Sandrasegeran, head of research & data analytics at SRI, the strong growth in resale prices can be attributed to limited supply, as the number of flats reaching Minimum Occupation Period (MOP) was low in 2024. This led to a tight supply, driving prices up, especially for newer and larger flats, such as five-room and executive units, that cater to the needs of growing families.Last quarter, five-room flats saw the highest growth in resale prices, with an increase of 2.2% quarter-on-quarter to $754,097, while four-room flats recorded a similar uptick of 2.2% to $652,544. Among the different regions, the Central Area saw the highest increase in prices, growing 25.6% quarter-on-quarter, followed by Toa Payoh, Tampines, Bishan, and Bedok.Around 285 HDB resale flats were sold for $1 million or more in the last quarter of 2024, bringing the total number of million-dollar transactions for the year to 1,035. Majority of these transactions took place in mature estates, with Kallang/Whampoa seeing the highest number of such flats being sold at 156 units, followed by Toa Payoh and Bukit Merah.Overall, resale transactions for the market fell by 21.1% quarter-on-quarter in the fourth quarter of 2024, with a total of 6,424 units sold. This was likely due to seasonal factors such as the year-end holiday and festive season. Low interest rates may also have encouraged some home buyers to shift their focus to the private residential or Executive Condominium (EC) market, while others may have opted to ballot for a flat in the Build-to-Order (BTO) sales exercise held in October last year.Nevertheless, the overall resale volume for 2024 still managed to rise by 8.4% year-on-year, with 28,986 units sold – the highest yearly transaction volume since 2021. Sengkang, Woodlands, Punggol, Tampines, and Yishun were the five most popular towns among buyers in 2024, accounting for about 35.9% of all HDB resale transactions.The number of flats reaching the end of their MOP in 2025 is expected to drop significantly by 41.6% to 6,976 units, compared to 11,952 units in 2024. This is due to the lower number of BTO flats completed during the COVID-19 pandemic in 2020. However, HDB plans to launch over 25,000 new flats this year, comprising 19,600 BTO flats and more than 5,500 flats under the Sale of Balance Flats (SBF) exercise. Around 3,800 units from the BTO launch will also be designated as Shorter Waiting Time (SWT) flats, with a wait time of less than three years. This will help address the increasing demand for housing, with SBF flats being particularly attractive to buyers who prefer to move into a new and ready-to-move-in unit with a shorter waiting time. Sandrasegeran expects resale prices to increase by 3.5% to 5.5%, with transaction volume ranging between 26,000 and 27,000, while Lee predicts a more optimistic growth of 5% to 8% for the year.

Purchasing a Condo in Singapore boasts a multitude of benefits, including the possibility of substantial capital gains. The city’s reputation as a prominent commercial center and its unwavering economic strength play a significant role in this trend. As the demand for real estate in Singapore remains high, property values continue to rise, particularly in desirable areas where condos are situated. With wise investment decisions and a long-term ownership strategy, investors can expect impressive returns on their investments in properties like condos.…

Singapore’s urban landscape is distinguished by towering skyscrapers and cutting-edge infrastructure, drawing in both locals and foreigners alike. The highly sought-after Singapore Condo units are strategically situated in prime locations, offering a luxurious yet convenient lifestyle. These modern homes boast an impressive range of top-of-the-line amenities such as swimming pools, fitness centers, and 24-hour security services, elevating the overall standard of living for residents. This makes them an attractive option for potential tenants and buyers, while also providing investors with a higher return on investment and increased value in the constantly expanding Singapore property market. With all of these appealing features, it’s no wonder that Singapore Condo units are highly sought-after in the city.

with first hotel in Hangzhou

Radisson Collection, a renowned luxury hotel brand under the Radisson Hotel Group, has recently debuted its latest property in Galle, Sri Lanka. The exclusive Radisson Collection Resort, Galle, boasting 106 rooms, is the brand’s first venture into the Southeast Asia and Pacific region. This property also marks the fourth hotel that the group has opened in Sri Lanka.

The resort boasts 76 guest rooms and suites, all of which offer stunning views of the Indian Ocean. In addition to the breathtaking setting, the hotel offers a range of top-notch amenities such as a beachfront pool, a kids’ club with round-the-clock nanny services, and a variety of dining options including Ozen, an Asian-Japanese fusion restaurant, and Catch Restaurant, serving delectable seafood dishes. Guests can also enjoy the Taboo Beach Club, a beachfront entertainment area complete with sun loungers, daybeds, and bottle service.

Located on the southwest coast of Sri Lanka, Galle is a vibrant city with plenty to offer. Attractions such as Galle Fort, a 17th-century fortress and a designated UNESCO World Heritage site, are just a short distance from the hotel. Other notable sights include historic temples, colonial buildings, and wildlife centers, such as a sea turtle hatchery.

In other exciting news, the renowned Sri Lankan hotelier, Teardrop Hotels’, has recently launched a series of luxurious villa rentals in Galle. The city continues to attract visitors with its blend of culture, history, and natural beauty. Additionally, the Radisson Hotel Group has also expanded its presence in China with the opening of its first hotel in Hangzhou, and has announced an impressive milestone of 100 hotels in its portfolio in India.…

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Singapore’s cityscape is characterized by towering skyscrapers and advanced infrastructure. In particular, Condos in Singapore are situated in desirable locations, showcasing a perfect fusion of opulence and convenience that appeals to both local residents and foreigners. These luxurious residential complexes are equipped with state-of-the-art facilities, including swimming pools, fitness centers, and round-the-clock security services, elevating the standard of living for their occupants and making them a desirable choice for potential renters and buyers. Furthermore, for investors, the abundance of amenities translates into lucrative rental returns and a steady appreciation of property value over time. With the addition of Singapore Condo, this upscale living option becomes even more appealing and attractive.

A recent press release announced that Meinhardt, a Singapore-based engineering consulting firm, has entered into a memorandum of understanding (MOU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN). The purpose of the MOU is to jointly explore and deliver digital and smart city projects in third-world ASEAN countries. This collaboration aims to advance innovative and sustainable urban solutions through knowledge and resource sharing.

JOIN is a Japanese public-private fund that supports Japanese companies in investing in overseas infrastructure projects. Meinhardt, on the other hand, has a strong expertise in integrated planning, design, and project management solutions. Together, they will use their respective networks and knowledge to drive forward the development of digital and smart cities in ASEAN countries.

This partnership builds upon the Memorandum of Cooperation (MOC) signed in November 2019 between Japan’s Ministry of Land, Infrastructure, Transport and Tourism and the Singapore Cooperation Enterprise. The MOC aims to foster the development of digital and smart cities in ASEAN and other regions.

According to Meinhardt, the MOU will provide a platform for both parties to share information, identify synergies, and collaborate on projects from the early stages. This will enable them to make a meaningful impact across borders.…

In a press release on January 20, Minister for National Development Desmond Lee announced the successful completion of the final two pandemic-delayed projects by Housing and Development Board (HDB). This marks a significant milestone for HDB as the completion of the two Build-to-Order (BTO) projects, Punggol Point Cove (Phase 2) and Kempas Residences, concludes the delivery of all pandemic-delayed housing projects. In total, a whopping 75,800 new flats have been provided to Singaporeans by HDB over the last five years.

In 2024, HDB managed to complete a total of 22 housing projects, with 17 of them facing pandemic-related delays. With the exclusion of a single project that was delayed due to other reasons, the remaining four projects were completed on schedule. These projects included two Shorter Waiting Time (SWT) projects, which were completed within a time frame of less than three years. These projects, namely Parc Glen at Tengah and Grove Spring at Yishun, made available a total of 1,995 flats. The other projects had a waiting period of up to five years. All in all, over 18,000 flats were completed in 2024, according to HDB.

Since November 2024, the new flat owners of Punggol Point Cove (Phase 2) have started receiving the keys to their homes and the key collection for Kempas Residences commenced in mid-January of this year. Following this, HDB is set to inform the remaining flat owners of their key collection date, after the completion of the final blocks in both projects this month.

Punggol Point Cove (Phase 2) is located along New Punggol Road and is comprised of 1,179 units of two-room flexi, three-, four-, and five-room flats spread across six residential blocks. Due to pandemic-related delays, the last block of the project was finished 12 months behind its original Probable Completion Date (PCD) earlier this month. As of January 15, a total of 657 households, which is 59% of the 1,109 booked units, have already collected their keys.

HDB has stated that the completion of Punggol Point Cove (Phase 2) signifies the closure of all flats in the Punggol Point District, which includes Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects, which were completed in 2024.

Kempas Residences BTO project, located between Serangoon Road, Lavender Street, and Boon Kheng Road, has 583 units of two-room flexi, three-, and four-room flats across four residential blocks. The final block of this project, which was delayed by six months from its original PCD, was finished in mid-January. As of January 15, a total of 37 households, which is roughly 7% of the 555 booked units, have already collected their keys.

At present, there are a total of 110 HDB housing projects under construction, which is an increase from 95 a year ago due to the surge in BTO supply in recent years. HDB has stated that it is on track to complete about 17,000 flats across 27 projects in 2025. Interested parties can get more details on new HDB properties by visiting the Ask Buddy portal.

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Famous for its bustling cityscape adorned with towering skyscrapers and state-of-the-art infrastructure, Singapore is a must-visit destination for many. Amongst its modern landscape, one can easily spot strategically situated in highly coveted areas. These contemporary residential complexes offer a lavish and convenient lifestyle, appealing to both locals and expats. With amenities such as swimming pools, fitness centers, and top-of-the-line security services, these developments elevate the standard of living and make them a highly desirable choice for both renters and buyers. For savvy investors, the incorporation of guarantees attractive rental returns and a steady appreciation of property value over time. The further contributes to the flourishing Singapore Condo scene, drawing in individuals in search of the ultimate urban living experience. Singapore Condo is definitely a must-have addition to this thriving city’s real estate market.…

When it comes to investing in condos in Singapore, one must also take into account the government’s property cooling measures. Over the years, 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 short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a more secure investment environment.

CDL, a leading real estate developer, is making a move to acquire all outstanding shares of New Zealand-listed Millennium & Copthorne Hotels New Zealand Limited (MCK) through its subsidiary, CDL Hotels Holdings New Zealand Limited (CDLHH NZ). The offer, at NZ$2.25 ($1.72) per share, aims to delist and privatise MCK, simplifying the ownership structure of CDL’s New Zealand entities. MCK currently owns, leases, or franchises 18 hotels in New Zealand and has investments in Australian properties through its Kingsgate Group subsidiaries.

At the end of trading on Jan 17, CDLHH NZ holds 80.02 million shares in MCK, representing a 75.86% stake. In the event that CDLHH NZ reaches the compulsory acquisition threshold, it plans to acquire all outstanding shares and may redeem non-voting redeemable preference shares issued by MCK. However, as these preference shares are not included in the current offer, CDLHH NZ has stated its willingness to acquire them at NZ$1.70 ($1.30) per share. The purchase will be facilitated through its broker, Craigs Investment Partners, on the Main Board of the New Zealand Stock Exchange (NZX). As of now, CDLHH NZ already holds 91.34% of these non-voting redeemable preference shares.

If the offer is fully accepted, CDLHH NZ will pay a total consideration of NZ$57.29 million, with an additional NZ$7.77 million expected for the remaining redeemable preference shares. The offer price takes into account the current and historical market price, as well as the industry and business environment in which MCK operates. For the first half of fiscal year 2024, which ended on June 30, 2024, MCK recorded a net asset value (NAV) and net tangible asset value (NTA) of NZ$532.02 million. The NAV and NTA attributable to MCK shares subject to the offer amount to around NZ$85.62 million each as of June 30, 2024.

The offer is conditional upon CDLHH NZ receiving 90% or more of voting rights in MCK by 5 pm on May 2, as well as obtaining consent under the Overseas Investment Act 2005 and Overseas Investment Regulations 2005 of New Zealand to own and control all shares in MCK. The implementation and payment of the offer are not expected to have a significant impact on CDL’s earnings per share or net tangible assets for fiscal year 2025.…

Investing in a condominium in Singapore presents a promising opportunity for investors, thanks to its high demand, potential for capital appreciation, and attractive rental yields. However, before making any investment, there are key factors that one must carefully consider, including the property’s location, financing options, government regulations, and market trends. It is crucial for investors to conduct thorough research and seek professional advice to ensure informed decision-making in Singapore’s dynamic real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer searching for a stable and profitable investment, condos in Singapore offer a compelling choice. To explore more options, consider checking out Singapore Projects for a wider range of properties to choose from. With proper planning and guidance, investors can maximize their returns and benefit from the country’s flourishing real estate industry.

Properties in District 16 attract strong interest from buyers, with Roxy-Pacific Holdings’ Bagnall Haus selling 71 out of 113 units in a single day. CEO Ismail Gafoor of PropNex believes the project’s pricing, location and freehold tenure were key driving factors for its success. Meanwhile, buyers were also drawn to the upcoming transformation of the Bayshore precinct, as well as the project’s proximity to amenities and reputable schools. CEO Marcus Chu of ERA Singapore notes that the majority of buyers were owner-occupiers, including families seeking to upgrade to a freehold property. Notably, the development is only one stop away from the upcoming Sungei Bedok MRT station, which will be part of an integrated transport hub with retail and residential components. According to CEO Mark Yip of Huttons Asia, pent-up demand and the anticipation of the Bayshore precinct’s transformation played a significant role in driving sales, making Bagnall Haus a rare and highly sought-after freehold development in the area. Additionally, the project’s proximity to established amenities and reputable schools, including Temasek Primary School, also contributed to its success. Shop units on the ground floor were also snapped up quickly at $688,000 each.…