Month: February 2025

Tan Boon Liat Building, a commercial property situated at 315 Outram Road, is currently on the market for collective sale at a reserve price of $1.15 billion. This freehold property is located next to Havelock MRT Station on the Thomson-East Coast Line (TEL), occupying two separate land plots of about 175,655 sq ft.

At present, the 15-storey building is renowned for being home to various furniture and home decor stores. Cushman & Wakefield, the property’s advisor and marketing agent, has stated that URA has issued an Outline Planning Advice on Jan 22 advising the site be rezoned to “Residential with Commercial at 1st storey” with a plot ratio of 4.9, an increase from the current 3.1. This will result in a 50% increase in the total allowable gross floor area (GFA), according to Cushman & Wakefield.

A map of Tan Boon Liat Building (Source: EdgeProp LandLens)

Additionally, URA has also …

The developer of Park Nova has recently sold its largest penthouse, setting a new record for the development. The five-bedroom unit, which covers 5,899 square feet on the 20th floor, was sold for $38.888 million by the developer. The transaction, which took place on January 21 according to the URA Realis database, also marked the highest price ever recorded for a unit at Park Nova in terms of both absolute price and per square foot (psf) price.

When it comes to investing in property in Singapore, it is crucial for international investors to have a thorough understanding of the regulations and limitations that govern ownership. In general, foreigners have more flexibility in purchasing condominiums compared to landed properties, which have stricter rules. However, it is important to note that foreign buyers are still required to pay the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their first …

CapitaLand Investment (CLI) has recently made a significant move in the data centre industry with its latest acquisition in Osaka, Japan. The company has acquired a freehold land parcel to develop its first data centre in the country, which is estimated to cost over US$700 million or $944.3 million. This marks CLI’s first venture into the Japanese data centre market, and it is set to bring in 50 megawatts (MW) of power capacity.

When contemplating an investment in a Singapore 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. In Singapore, condos can have varying rental yields depending on factors such as location, property condition, and market demand. Generally, areas near business districts or educational institutions tend to offer higher rental yields due to the high demand for rental properties. Carrying …