Month: November 2024

When purchasing a condo, it is crucial to keep in mind the maintenance and management aspects of the property. Condos typically involve maintenance fees that take care of the maintenance of shared areas and amenities. These fees may increase the overall cost of owning a condo, but they also guarantee that the property stays well-maintained and maintains its value. Hiring a property management company can assist investors in managing the daily operations of their condos, making it a less hands-on investment. For more information, check out Singapore Projects.

The latest Real Estate Sentiment Index (RESI) published by the National University of Singapore (NUS) shows a positive shift in property buying sentiment in Singapore during 3Q2024. The RESI measures the overall sentiment of the private real estate market by surveying senior executives of real estate firms, and is conducted quarterly by NUS’s Department of Real Estate and the NUS Institute of Real Estate and Urban Studies (IREUS).

Compared to the previous quarter, the current sentiment index grew from 4.8 to 5.9 in 3Q2024, while the future sentiment index also increased from 5.1 to 5.8 during the same period. Additionally, the composite sentiment index rose from 4.9 to 5.9, marking the first time that all three indices have surpassed the neutral score of 5. This rise in sentiment can be attributed to growing optimism in the overall market, according to IREUS.

IREUS Director Professor Qian Wenlan attributes the positive sentiment to the US Federal Reserve’s decision to cut interest rates in September, the first cut since 2019, with another reduction taking place in early November. This is expected to improve credit availability and reduce the costs of doing business, subsequently boosting market sentiment.

Professor Sing Tien Foo, Provost’s Chair Professor at the NUS Department of Real Estate, also notes that the positive performance of suburban residential, hotel/service apartments, and suburban retail sectors has contributed to the general market sentiment. These areas recorded the highest current net balances of +35%, +26%, and +19% respectively, while their future net balances were also positive at +29%, +35%, and +19%.

While the outlook for the market seems promising, Prof Sing highlights that the top risk concern of developers is still global economic uncertainty, with 67.7% of respondents citing a potential decline in the global economy. This is followed by concerns about job losses (41.9%), a decline in the domestic economy (41.9%), and an excessive supply of new property launches (41.9%).…

According to the latest Brand Finance Global City Index, Singapore has established itself as the sixth most-esteemed city in the world in terms of branding. This index, published by London-based brand consultancy firm Brand Finance, evaluates cities based on their brand power and public perception.

The survey for this index was conducted worldwide in September, with 15,000 individuals from 20 countries participating. They ranked 100 cities based on key performance indicators that reflect how desirable each city is as a place to live, work, study, visit, retire, and invest in. The participants were also asked to associate specific attributes with each city, choosing from a list of 45 qualities grouped under seven pillars, including Business & Investment and Culture & Heritage.

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Securing financing is a crucial element when investing in a Singapore condo. With various mortgage options available, it is vital to have a thorough understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework puts a cap on the loan amount that can be obtained by a borrower, taking into account their income and current debt commitments. To navigate this aspect successfully, it is advisable to seek guidance from financial advisors or mortgage brokers. By doing so, investors can make informed decisions regarding their financing options and prevent the potential risks of over-leveraging. Singapore Condo should also be taken into consideration in this process.

Singapore’s overall ranking was largely boosted by its strong performance in the Business & Investment pillar, placing third in the world. Factors such as the ease of doing business, economic strength, and supportive environment for start-ups were considered under this pillar. The city also ranked highly for its low crime and violence rates.

Alex Haigh, the managing director for Asia Pacific at Brand Finance, highlights Singapore as the “crown jewel” of the ASEAN region when it comes to city branding. He also adds that with its impressive economic growth, investment appeal, and world-class infrastructure, Singapore solidifies its position as a leading global financial center.

Globally, London maintained its top spot as the most prominent city brand, followed by New York, Paris, Tokyo, and Dubai.…

The decision to invest in a condo in Singapore has seen a significant increase in recent years, attracting both local and foreign investors. This is not surprising, given the country’s thriving economy, stable political climate, and exceptional quality of life. The real estate market in Singapore presents a wide range of investment prospects, but condos are particularly appealing due to their convenience, amenities, and potential for substantial returns. For those interested in exploring the opportunities and potential in this area, here are some key benefits, factors to consider, and important steps to keep in mind when investing in a condo in Singapore. Additionally, check out Singapore Projects for even more resources and insights.…

Amid the recent flurry of activity in the private residential market, real estate investors should consider diversifying and looking at more stable, income-generating assets such as HDB shophouses. A prime opportunity has just opened up for interested buyers to acquire one such property in the established and popular Toa Payoh neighborhood.

Located at 125 Toa Payoh Lorong 1, this 1,478 sq ft HDB shophouse is situated in the heart of District 12, making it one of the most centrally located estates in the area. Priced at $2.88 million, this property sits on a prime site that is surrounded by Toa Payoh Lorong 1 and Toa Payoh Lorong 2, and is just a short 200m walk away from the Braddell MRT Station on the North-East Line. With an average daily ridership of around 13,000, according to LTA ridership statistics, this MRT station is closely connected to the nearby HDB flats in the area.

Additionally, this shophouse is located near popular amenities such as the Toa Payoh West Market and Food Court, Kheng Cheng School, Toa Payoh West Community Centre, and the Singapore Federation of Chinese Clan Association Building on Toa Payoh Lorong 2. This makes it an ideal location for both business and residential purposes.

As the Toa Payoh estate continues to undergo rejuvenation plans and with the addition of several thousand new households in the vicinity, the new owner of this shophouse stands to benefit from the transformation of Toa Payoh. This is expected to bring in more footfall to the area and potentially increase the capital value of the property.

When compared to other similar HDB shophouses in the city fringe areas, the one at 125 Toa Payoh Lorong 1 stands out with an estimated rental yield of approximately 4%. This is significantly higher than the usual 2-3% rental yield seen in other HDB shophouses in the surrounding areas. With its competitive pricing and strong value proposition, this property presents a more attractive investment opportunity for those seeking higher returns.

According to Aster See, a senior marketing director at ERA Realty who is exclusively marketing this property, the estimated rental yield of approximately 4% and potential for future capital appreciation makes this shophouse a highly desirable investment option.

Toa Payoh is expected to benefit from the government’s plans to rejuvenate mature housing estates, with it being one of the three neighborhoods identified under the third phase of the Remaking Our Heartland program. This program, introduced by then-Prime Minister Lee Hsien Loong in his 2007 National Day Rally speech, aims to revitalize HDB towns and estates to ensure their sustainability and vitality.

When making a decision to invest in a condominium, it is crucial to also take into account the maintenance and management of the property. Condos usually come with maintenance fees which cover the regular upkeep of shared spaces and amenities. While these fees may increase the overall cost of ownership, they play a significant role in maintaining the quality of the property and preserving its value. To make the investment even more passive, it is beneficial to enlist the assistance of a property management company. With their help, investors can entrust the day-to-day management of their condos, making it a hassle-free investment. Consider incorporating Singapore Projects into your investment plans.

Since 2015, multiple plans have been implemented to enhance the commercial and recreational facilities in Toa Payoh. The most noteworthy development is the upcoming integrated project on the site of the former swimming complex, sports hall, and stadium along Toa Payoh Lorong 6. This integrated development, estimated to be completed in 2030, will feature new sports facilities, a football stadium, a new swimming pool complex, indoor sports halls, sheltered tennis courts, futsal courts, netball courts, and fitness studios. It will also include a polyclinic and a library, as well as national training centers for aquatics, netball, and table tennis. These developments are expected to further enhance the appeal of Toa Payoh and drive up footfall in the area, benefiting the shophouse at 125 Toa Payoh Lorong 1 as well.

The government’s plans to rejuvenate Toa Payoh and neighboring Caldecott will also be supported by several thousand new flats in these two estates. One of these upcoming Build-To-Order projects is Toa Payoh Ridge, located at the junction of Toa Payoh Rise and Lorong 1 Toa Payoh. This 920-unit BTO project is just a short 300m walk away from the shophouse for sale.

Slated to be completed in the first half of 2025, Toa Payoh Ridge consists of four 40-storey residential blocks and is located between Toa Payoh and the upcoming Caldecott estate, which has been earmarked for future residential development.

Since 2017, plans have been in place to build new BTO flats on a 10ha plot next to Caldecott MRT Station on the Circle Line, making it an ideal location for home buyers. These new flats will be situated just 500m away from 125 Toa Payoh Lorong 1, further adding to the potential footfall in the area and benefitting the shophouse.

With the possibility of a new BTO project in Caldecott, the surrounding developments promise good news for the new owner of the shophouse at 125 Toa Payoh Lorong 1. The increased footfall in the area as the customer catchment broadens is expected to bring in steady returns for investors, coupled with a potential for capital appreciation in the long-term.

For more information on this property, contact Aster See at 98416930, a senior marketing director at ERA Realty Network.…

When it comes to real estate investments, location is a crucial aspect to consider, and this holds particularly true for Singapore. Condos that are strategically placed in central areas or near essential amenities such as schools, shopping centers, and public transportation hubs tend to experience a significant increase in value. Prime locations, like Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently demonstrated a growth in property values. Additionally, the proximity to excellent schools and educational institutions makes condos in these areas highly sought-after by families, further enhancing their investment potential. With the addition of Singapore Projects, the real estate market in Singapore offers even more opportunities for investors to capitalize on desirable locations and potential for growth.

Singapore (Edgeprop) – JTC has recently announced the winner of the tender for an industrial GLS (IGLS) site in Kallang Way to be CL Savour Property, a subsidiary of CapitaLand Development. They have outbid four other bidders with a top price of $368.901 million, which is 14.9% higher than the second highest bid of $317.889 million from Soon Hock Group, BHCC Construction, and Evermega. This is the first industrial site to be transformed from a former industrial building, with the existing terrace factory being retained and adapted for continued industrial use.

According to Tang Hsiao Ling, the director of urban planning and architecture division at JTC, the integration of adaptive reuse in the master plan for this site aims to rejuvenate the area sustainably and reduce carbon emissions in the built environment. It also serves to preserve the industrial legacy of the site.

This site, which is part of the 1H2024 IGLS programme, was launched on June 25 and was the last of five Confirmed List sites. At the close of the tender on October 1, four bids were received for the 474,772 sq ft site. It is zoned as Business 2 under the master plan, with a maximum allowable gross floor area of 1.23 million sq ft and a 33-year tenure. The site is designated as a food zone, and the new development will feature food manufacturing spaces and retail uses to add vibrancy to the industrial area.

Other related news include a new 223-key hotel to be built in Punggol Digital District and the continuous rise of industrial rents and prices for the 13th consecutive quarter in the 4Q2023, as two industrial projects undergo virtual TOP inspections.…

A popular coffee shop located at 253 Choa Chu Kang Ave 1 is now available for purchase through an expression of interest (EOI) with a guide price of $11 million. The spacious shop covers an area of 2,540 sq ft and is situated within Keat Hong Shopping Centre – a two-storey HDB commercial development housing various amenities, including coffee shops, a supermarket, and other shops and stalls.

The property falls under the commercial zoning classification and has a 99-year leasehold with a remaining tenure of 68 years. It is conveniently located on the ground floor and is currently being leased to a coffee shop operator, with seven food stalls and a drink stall housed within.

A map showing the location of Keat Hong Shopping Centre (Source: EdgeProp LandLens)

According to Jervis Isaiah Ng, the founder of JNA Real Estate, a team under PropNex Realty, potential buyers have the option to run the coffee shop themselves, refurbish and lease it out, or continue to lease it out to coffee shop operators. JNA Real Estate has been exclusively appointed as the marketing agent for this property.

Furthermore, Ng pointed out that the property does not have living quarters, meaning the transaction is exempt from Additional Buyer’s Stamp Duty.

When evaluating a potential condo investment, it is crucial to also evaluate its potential rental yield. Rental yield is the annual rental income as a percentage of the purchase price of the property. In Singapore, rental yields for condos can vary significantly, depending on factors such as location, property condition, and market demand. Condos located in areas with high rental demand, including those near business districts or educational institutions, typically offer better rental yields. To gain a clear understanding of a specific condo’s rental potential, it is essential to conduct thorough market research and seek guidance from real estate agents. Additionally, considering reputable Singapore Projects can provide valuable insights into the rental potential of a particular condo.

Keat Hong Shopping Centre is situated within walking distance of South View LRT Station on the Bukit Panjang LRT Line, as well as the upcoming Choa Chu Kang West MRT Station on the Jurong Region Line, slated for completion in 2027. Additionally, other amenities, like Choa Chu Kang Primary School and the recently renovated Choa Chu Kang West Market, are also in close proximity.

The EOI is scheduled to close on Dec 22 at 3pm. RELATED NEWS

Properties for sale for May 6-7

Freehold coffee shop at Jalan Besar up for sale at $28 mil

Whipping up an appetite for coffee shops…

Purchasing a condo in Singapore offers numerous benefits, one of which is the potential for capital growth. This is due to the country’s advantageous position as a global business hub, as well as its robust economic foundations, which constantly drive demand for real estate. With this in mind, property prices in Singapore have displayed a consistent upward trajectory, particularly in prime locations where condos have experienced significant appreciation. For investors who time their entry into the market correctly and hold onto their properties for an extended period, there is great potential for substantial capital gains. Additionally, with the help of a trusted platform like ScoreInTheBox, acquiring a condo in Singapore can be a wise investment choice.

(Nov 23): Keppel announced on Nov 19 that it will be selling its joint venture interest in a data centre to Keppel DC REIT (KDC REIT) for a gross divestment price of $1.38 billion. The JV is majority owned by Keppel’s connectivity division, with 40% held by Cuscaden Peak Investments Private Limited. The JV holds the Keppel Data Centre Campus at Genting Lane, which houses two fully contracted data centres, Keppel DC Singapore 7 (KDC SGP 7) and Keppel DC Singapore 8 (KDC SGP 8). These data centres are fully contracted to global hyperscalers from various industries, including cloud services, internet enterprise, and telecommunications, on a colocation basis. The construction of these data centres was funded by the JV, Keppel’s private fund Alpha Data Centre Fund and its parallel fund (ADCF), and other co-investors. KDC REIT will acquire an initial 49% interest in the JV and subscribe for two new classes of securities issued by the Keppel JV for an amount up to $1.03 billion. This will entitle the REIT to 99.49% of the economic interest from both data centres. KDC REIT also has the option to acquire the remaining 51% stake from Keppel by around the second half of 2025. The proposed transaction will be accretive to the REIT’s distribution per unit (DPU) by 8.1% and expand its assets under management (AUM) by 36% to $5.2 billion. Keppel’s 51% stake in the JV is valued at around $280 million. The gross divestment price includes the estimated consideration for Keppel’s stake and an additional amount if the campus is granted a 10-year land tenure lease extension. The transaction is expected to be completed by end-2025.…

Frasers Property and its long-time partner, Sekisui House, are collaborating once again to revamp the popular Robertson Walk and Fraser Place Robertson. The mixed-use development will feature a residential component, along with a range of dining and entertainment options. The project is expected to kick off next year and is scheduled for completion by the end of 2028. Spanning over 30,000 square meters, the redevelopment will bring new life to the area.

In a statement, Frasers Property revealed that the project will encompass a gross floor area of 30,664 square meters (330,067 square feet). This move is part of the company’s active asset management strategy, according to Soon Su Lin, the CEO of Frasers Property Singapore. She added that the prime 999-year leasehold site in the heart of Robertson Quay has great potential for the highest and best use returns.

In conclusion, investing in a condo in Singapore offers numerous benefits. One of the main advantages is the high demand for such properties in the market. This ensures a steady stream of potential buyers and tenants, making it a lucrative investment option. Moreover, condos in Singapore have the potential for capital appreciation, providing investors with long-term gains. Additionally, the attractive rental yields make it an attractive option for those seeking a stable and profitable investment. However, it is crucial to carefully consider various factors before making a decision. Factors such as location, financing options, government regulations, and market conditions can greatly impact the success of your investment. Therefore, conducting thorough research and seeking professional advice is essential for making informed decisions and maximizing returns in Singapore’s dynamic real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, condos in Singapore present a compelling opportunity.

Under the redevelopment plan, Frasers Property and Sekisui House have formed a 51:49 joint venture to bring the project to life. Until the operations cease on 31 May 2025, Frasers Property Group will continue to manage Robertson Walk and Fraser Place Robertson. The collaboration between the two companies will add another feather to their long-standing partnership, which has yielded successful projects in the past.…

The decision to invest in a condo in Singapore has gained significant traction among local and foreign investors, thanks to the country’s thriving economy, stable political climate, and desirable quality of life. Singapore’s real estate market is brimming with potential, and condos are particularly attractive for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, factors to consider, and necessary steps involved in investing in a condo in Singapore, such as Singapore Condo.

The Singapore Land Authority (SLA) has recently awarded tenders for two sites located on Henderson Road and Scotts Road. The site at 98 Henderson Road was awarded to a joint venture between TS Group, a dormitory and accommodation provider, and The Assembly Place (TAP), a co-living operator. The JV plans to develop the site into a senior co-living accommodation in partnership with Crawfurd Silver Care, the geriatric arm of Crawfurd Hospital. The tender for this site includes an initial four-year lease with the option to extend for another three years.

SLA launched a price-quality tender in June to invite proposals for senior co-living developments to revitalize state-owned properties. The tender closed in August with a total of six bids. The winning bid of $102,888 per month was submitted by the JV, which is 25.5% higher than the second-highest bid of $82,000 per month from Eco Energy, a construction and property development company. Other bids were submitted by ISG Marketplace, Red Crowns Senior Living, Viplas Engineering, and Samwoh Corporation.

This 77,551 sq ft site on Henderson Road was formerly a student hostel operated by Yo:ha, a Singapore-based student hostel and accommodation provider. It includes a four-storey building, a single-storey building, and a guardhouse, as well as eight parking spaces. The total gross floor area of the site is approximately 40,361 sq ft.

According to a recent LinkedIn post by SLA, the development on Henderson Road will include fitted apartment units, sports and recreational facilities, and hobby-focused spaces and programs. The organization is also exploring the adaptive reuse of other state properties, including a potential cluster of heritage bungalows at Admiralty, to create unique co-living spaces.

In addition, SLA has awarded the tender for three single-storey heritage bungalows located at 31, 31A, and 33 Scotts Road to Heritage at Scotts, a company that curates and manages select F&B brands in Singapore. This company was the sole bidder at the close of the price-quality tender on August 7, with a monthly rental bid of $50,000.

These three bungalows, which were launched for tender on June 14 in collaboration with the Singapore Tourism Board, are intended for a creative lifestyle concept such as experiential retail, F&B, wellness, or beauty. The bungalows sit on a 36,670 sq ft plot of land and have a total gross floor area of about 11,410 sq ft. The properties have a five-year tenure, with the option to extend for another four years.

According to SLA, Heritage at Scotts currently operates lifestyle offerings within neighboring black-and-white bungalows at 27, 29, 35, and 35A Scotts Road. The three bungalows at 31, 31A, and 33 Scotts Road will be combined with the existing offerings to form a larger lifestyle enclave. This integrated compound will include a dedicated walkway linking the various properties and landscaped social spaces.…

The city-state of Singapore has become a highly desirable location for both local and foreign investors looking to purchase a condominium. This can be attributed to the country’s robust economy, stable political climate, and exceptional quality of life. With a multitude of opportunities in the Singapore real estate market, condos stand out as a top choice due to their convenience, amenities, and potential for profitable returns. For those considering investing in a condo in Singapore, it is essential to be knowledgeable about the benefits, factors to consider, and steps to take. Stay informed about the latest condo launches for a well-informed decision-making process. Don’t miss out on potential opportunities, stay up-to-date with New Condo Launches.

CBRE has announced the appointment of Hugh Macdonald as the new head of capital advisors for the Asia Pacific region. With over twenty years of experience in investment banking and a strong background in the real estate, gaming, leisure, and lodging industries, Macdonald brings a wealth of expertise to his new position. He joins CBRE from Deutsche Bank, where he was the head of investment banking coverage and advisory for Australia and New Zealand.

Reporting to Leo van den Thillart, global head of investment banking, and Greg Hyland, head of capital markets for Apac, Macdonald will take on his new role in Sydney before relocating to Singapore in the first quarter of 2025. This appointment comes on the heels of CBRE’s recent announcement of Virginia Huang as the new managing director for north and east China at Knight Frank.…