A four-bedroom unit at The Sovereign was recently sold for a record-breaking profit of $2.7 million. The sale on Sept 10 marked the biggest resale transaction at the condo during the week of Sept 10 to 17. The 2,637 square feet unit on the ninth floor was sold for $6.2 million, which translates to $2,351 psf. The unit was previously purchased in May 2016 for $3.5 million ($1,327 psf), yielding a profit of 77% for the seller who owned the unit for just over eight years.

This unit was the second resale deal to take place at The Sovereign this year. In June, a larger 3,305 sq ft unit on the 15th floor was sold for $8.6 million ($2,602 psf). The seller had bought the unit in February 2010 for $4.6 million ($1,392 psf), resulting in a profit of $4 million, the highest ever recorded for a unit at The …

In summary, purchasing a condo in Singapore offers a plethora of benefits, such as strong demand, potential for increase in value, and attractive rental yields. However, it is crucial to carefully consider various factors, including the location, financing options, government regulations, and overall market conditions. Through extensive research and seeking professional guidance, investors can make well-informed decisions and maximize their returns in Singapore’s dynamic real estate sector. Whether you are a domestic investor seeking portfolio diversification or a foreign buyer searching for a stable and lucrative investment, condos in Singapore present an enticing opportunity.

Adrian Cheng Chi-kong, the third-generation heir of one of Hong Kong’s largest conglomerates, is reportedly stepping down from his role as chief executive officer of New World Development and transitioning to a non-executive position within the company, according to sources familiar with the situation. Born in 1979, Cheng will take on the role of non-executive vice-chairman, …

Singapore and Malaysia’s proposed Johor-Singapore Special Economic Zone (JS-SEZ) is set to benefit major industries such as data centres, electronics, and renewable energy, according to a research study conducted by DBS. The JS-SEZ, which was announced last October during the 10th Singapore-Malaysia Leaders’ Retreat, aims to promote cross-border economic activities between the two states. The zone will be located in Malaysia’s Iskandar region, covering six districts and a total area of 3,505 sq km.

While specific details on the industries and incentives targeted for the zone are still being finalized, DBS economist Chua Han Teng believes that the data centre sector will be a key beneficiary. Johor is currently the fastest-growing data centre in Southeast Asia, with a significant growth in the past three years thanks to Singapore’s moratorium on data centres since 2019. The electrical and electronics sector in Johor is also expected to benefit from the JS-SEZ, as …

SINGAPORE (EDGEPROP) – Located in the bustling Paya Lebar-Ubi industrial area, a five-storey high-specification light industrial building at 4 Ubi View has recently been put up for sale via an expression of interest (EOI) exercise, according to Brilliance Capital, the project’s sole marketing agent.

When contemplating an investment in a condo, it is crucial to evaluate its potential rental yield. This refers to the annual rental income as a percentage of the condo’s purchase price. In Singapore, the rental yield for condos can vary significantly based on several factors, including location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to have better rental yields. Therefore, conducting thorough market research and seeking guidance from real estate agents can offer valuable insights into the rental potential of a specific condo. To explore more about condo investments, visit Condo.…

K11 Musea, a prestigious shopping mall located in the bustling Tsim Sha Tsui area of Hong Kong, is set to expand its luxurious retail space by over 30,000 square feet. According to a recent press release, the mall’s operator, K11 Group, announced that this expansion is due to the revamping and expansion of six existing brands – Audemars Piguet, Balenciaga, Brunello Cucinelli, Loewe, Saint Laurent and Van Cleef & Arpels – along with the addition of a new store by the incoming brand, Prada.

“We are delighted to see the growth of K11 Musea with the expansion of several renowned luxury brands. This news is even more significant given the current state of the Hong Kong retail sector,” says Richard Cheung, executive vice president of K11 Group. “This is a testament to the remarkable performance and exceptional sales productivity at K11 Musea’s existing stores.”

The mall, owned by Hong Kong’s …

A strata office unit situated on a high floor of Samsung Hub, a renowned Grade A office tower located on Church Street in the Central Business District (CBD), has successfully been sold for a whopping $14.8 million. The unit, covering an area of 3,595 square feet, was recently sold at a remarkable price of $4,117 per square foot (psf) through the efforts of Knight Frank Singapore, who brokered the deal.

This sale price is slightly lower than the guide price of $4,350 psf, or approximately $15.6 million, which was reported by EdgeProp Singapore back in July. The 999-year leasehold commercial development, which comprises 30 storeys, is strategically located within the CBD and is in close proximity to major financial institutions and corporate headquarters. It is also conveniently situated near the Raffles Place MRT Interchange Station (serving the North-South and East-West Lines) and the Telok Ayer MRT Station (serving the Downtown …

Investing in a condo in Singapore presents an array of benefits that make it a highly favorable choice. It is a market that is constantly in high demand due to its vibrant economy and stable political landscape. Furthermore, the potential for capital appreciation in this sector is promising, making it an attractive investment option. Additionally, with attractive rental yields, it offers a steady stream of income for investors. However, before making any investment decision, certain crucial factors need to be carefully considered, including location, financing options, government regulations, and market conditions. By conducting thorough research and consulting with professionals, investors can make informed choices and maximize their returns in the dynamic real estate market of Singapore. Whether you are a local seeking to diversify your portfolio or a foreign buyer looking for a profitable and stable investment, the condo sector in Singapore presents a compelling opportunity. With top-notch projects like …

Marriott International has recently unveiled the opening of two luxury serviced apartments in Bangkok, Thailand. The Marriott Executive Apartments Bangkok Sukhumvit 101 and Marriott Executive Apartments Bangkok Sukhumvit 50 offer exclusive accommodation options for long-term guests.

Located in the bustling South Sukhumvit business district, the Marriott Executive Apartments Bangkok Sukhumvit 101 features 140 tastefully designed rooms including studios and one- to two-bedroom apartments. The property is conveniently situated near popular tourist attractions such as the Bangkok International Trade and Exhibition Centre and True Digital Park, the largest technology and start-up hub in Southeast Asia. The apartments range in size from 377 sq ft to 1,087 sq ft, providing ample space and comfort for all types of travelers.

The Marriott Executive Apartments Bangkok Sukhumvit 50, located just 800m from On Nut train station, boasts 72 keys and offers a variety of accommodations from studio rooms to three-bedroom suites. Both properties have …

SINGAPORE (Sept 23): Gross effective rent for CBD Grade A offices in 3Q2024 remained unchanged at $11.50 per square foot (psf) per month, according to data from JLL. This follows a marginal 0.7% q-o-q growth in 2Q2024, which is a slowdown from the 1.4% q-o-q growth in 1Q2024.The rental growth plateau coincides with a steady increase in vacancy rates for Grade A offices in the CBD, reaching 8.3% q-o-q in 3Q2024. This rise can be attributed to the recent completion of the IOI Central Boulevard Towers (IOICBT). According to JLL, this has led to a decrease in demand for office space as occupiers become more resistant to rent hikes. If the IOICBT is excluded from the data, the CBD Grade A vacancy rate would have remained relatively tight, similar to the post-pandemic low of 5.3% in 1Q2024. However, the global economic slowdown and delay in US interest rate cuts have …

When purchasing a condo, it is crucial to take into account the maintenance and management of the unit. Along with the purchase, condos usually come with maintenance fees that cover the maintenance of shared spaces and amenities. Though these fees may increase the overall cost of owning a condo, they are necessary for ensuring the property’s upkeep and value. To make the investment more effortless, investors can enlist the help of a property management company to handle daily tasks associated with owning a condo. This makes owning a condo a more passive and convenient investment.

Singapore’s affluent have long seen real estate as the cornerstone of wealth building, benefiting from its stable and consistent value appreciation. The country’s robust property market, fueled by its status as a global financial hub, continues to attract investors seeking both commercial and residential properties. While real estate has remained the traditional foundation for accumulating …