Month: March 2025

The 99-year leasehold site at Media Circle (Parcel A) in one-north had its tender close on March 4, with a consortium comprising Qingjian Realty, Forsea Holdings, and minority investor Hoovasun Holding emerging as the winning bidder with a top bid of $315 million. The site, which measures 82,125 sq ft, is zoned for residential use with commercial on the first storey and can potentially yield about 325 housing units with a maximum gross floor area of 303,865 sq ft. Qingjian and Forsea’s winning bid translates to a land rate of $1,037 psf per plot ratio (ppr).

Investing in a condo has several advantages, one of which is the opportunity to use the property’s value for additional investments. This is a popular strategy among investors who leverage their condos as collateral to secure funding for new investments, allowing them to grow their real estate portfolio. While this can lead to higher …

When considering investing in condos in Singapore, it is important to take into account the government’s property cooling measures. In order to promote a stable real estate market and prevent speculative buying, the Singaporean government has implemented various measures over the years. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. Although these measures may affect the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment. For more information on available condo projects in Singapore, visit Singapore Projects.

Hotel Properties Ltd (HPL) is expanding its presence in the global market with the potential acquisition of InterContinental Auckland for NZ$180 million ($138.5 million). This would be HPL’s first venture in New Zealand and its second InterContinental hotel purchase, with its first being InterContinental Maldives Maamunagau …

Institutional investments in real estate across the Asia Pacific (Apac) region reached a total of US$83.2 billion ($112 billion) in the second half of 2024, a 6% increase compared to the previous year, according to research by Colliers. This brings the full-year investments to US$155.9 billion, a 12% climb compared to 2023. The data covers the top nine markets in the region, including Australia, Mainland China, Hong Kong, India, Japan, Singapore, South Korea, New Zealand and Taiwan.

This increase in investments is a testament to the resilience of the Apac real estate market, setting the stage for strong growth in 2025, says Chris Pilgrim, Colliers’ managing director of global capital markets, Asia Pacific. He adds that domestic investors have been the driving force behind the growth in key markets such as South Korea, Taiwan and New Zealand, with local investors contributing over 80% of real estate inflows in these markets …

SC Capital Partners Group, a private equity real estate firm based in Singapore, has recently announced the sale of its student accommodation asset in Sydney, Australia. According to a press release on March 3, the group has successfully divested the property, which is situated on Anzac Parade and Lorne Avenue in Kensington, at a considerable premium to its original acquisition price. The sale also resulted in a 19% increase in the current book value of the asset. The buyer of the property is the prestigious University of New South Wales (UNSW) in Sydney.

Investing in a Singapore Condo offers a promising opportunity for capital growth. The country’s strategic location as a flourishing international business center, coupled with its stable economy, results in a constant demand for real estate. This has led to a steady increase in property values over the years, particularly in prestigious areas where condos are highly sought …

for $513 mil

Securing financing is a crucial element when it comes to investing in a condo. In Singapore, there is a variety of mortgage choices available, but it is crucial to familiarize oneself with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take, taking into account their income and existing debt commitments. Being well-informed about the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making sound decisions about their financing options and avoiding excessive leveraging. Additionally, investors can also keep an eye out for new condo launches to stay updated on potential investment opportunities.

Lee Chee Koon, the group CEO of CapitaLand Investment Limited (CLI), has been awarded the prestigious title of ‘Industry Figure of the Year’ for Asia Pacific at the PERE Global Awards 2024. These awards, organized by …

For international investors, it is vital to have a deep understanding of Singapore’s property regulations and limitations before making any investments. The rules and restrictions surrounding landed properties are more stringent compared to condominiums, which are generally more accessible to foreign buyers. However, foreign investors are still subject to the Additional Buyer’s Stamp Duty (ABSD) at a rate of 20% for their first property purchase. Despite this added expense, the stability and potential growth of the Singapore real estate market continue to attract foreign investors. This is evident in the ongoing interest of international buyers in Singapore Projects, as seen on platforms like Anvly.

City Developments, a Singaporean real estate company, faced a significant decline in its stock price of 5.47% upon resumption of trading today. The company’s shares were halted on Feb 26, when a results briefing was cancelled at the last minute, and news of a disagreement …

Elite UK REIT’s trustee, Perpetual (Asia) Limited, has sold Crown Buildings, Caerphilly at Claude Road, Caerphilly, for GBP710,000 ($1.2 million). The sale was made at an 18% premium, according to a filing with the bourse on March 3.

The property, which was vacant at the time of sale, was valued at GBP600,000 at the end of 2024 through an independent valuation conducted by CBRE. At the end of 2023, the property was valued at GBP530,000.

Crown Buildings, Caerphilly is located in Wales and has a gross floor area of 20,712 sq ft, according to Elite UK REIT’s website.

The net proceeds from the sale will be used to repay Elite UK REIT’s outstanding borrowings. The company’s leverage ratio decreased from 50.0% at the end of 2023 to 43.4% at the end of 2024, following a successful GBP28 million preferential offering in January of that year. Similarly, its net gearing ratio …