JLL, the sole marketing agent, has announced that the Ching Shine Industrial Building is now available for collective sale through a tender process with a minimum price of $113 million. This freehold building comprises of 52 strata units and has an impressive 100m frontage along Shaw Road. In total, the site has a land area of 49,308 sq ft and a gross floor area of approximately 137,341 sq ft.

Built in the early 1980s, the property is currently zoned as “Business 1” with a gross plot ratio of 2.5 under the URA Master Plan 2019. According to JLL, more than 80% of the owners have consented to the collective sale at the minimum price of $113 million. This translates to a unit land rate of around $823 psf per plot ratio at the existing gross plot ratio of 2.79.

According to JLL, the site has the potential to be converted …

City Developments Limited (CDL) has responded to the call for a trading halt earlier today by issuing a statement explaining that the halt was due to a disagreement within the board regarding the composition and constitution of the board and its committees. Despite this temporary suspension, CDL assures that its business operations remain fully functional and unaffected.

CDL also adds that Sherman Kwek will continue to serve as the group CEO until a board resolution is made to change the company’s leadership. The current matter is under review and in accordance with Singapore Exchange (SGX) listing rules, the company will make further announcements if there are any significant developments.

Looking to invest in Singapore Condos? It is essential to consider the government’s property cooling measures, which have been implemented to maintain a stable real estate market. Over the years, the Singaporean government has introduced various measures to discourage speculative …

Singapore’s leading real estate agency, PropNex, has announced a decrease in earnings of $21.9 million for the second half of FY2024, which ended on December 31, 2024. This is a 14.9% decline from the previous year. The company’s total earnings for the fiscal year totaled $40.9 million, which is a drop of 14.4% compared to the preceding FY2023.

The decrease in revenue by 6.6% in FY2024 as compared to the previous year was mainly due to the relatively slow property market. However, despite this, the company intends to commemorate its 25th anniversary by paying a special dividend of 2.5 cents per share, in addition to a final dividend of 3 cents. This will result in a record total dividend payout of 7.75 cents for FY2024, representing a payout ratio of 140.1% and a yield of 8.2%.

Although the company’s earnings for the year were lower, there was an increase in …

Thu, Feb 25, 2021

There is an opportunity to acquire a two-storey corner shophouse with an attic located at 209 Jalan Besar, now available for sale through a private treaty. The property is being marketed by Gracelynn Zhu from PropNex Shophouse Elites and is priced at below $20 million.

The shophouse, which has a 999-year leasehold, occupies a total area of about 5,502 sq ft and is zoned for commercial use. The first floor is approved for restaurant use, while a portion of the second floor is also zoned for the same usage. Based on the asking price, the property’s psf price equates to $3,635 on the floor area.

Investing in condos offers numerous advantages, one of which is the opportunity to leverage the property’s value for future investments. A significant number of investors utilize their condos as collateral to secure additional funding for other projects, ultimately diversifying their real …

The Asia Pacific (APAC) hotel sector is set to remain a hotbed for investment activity in 2025, according to a recent survey conducted by CBRE. The consultancy’s 2025 Asia Pacific Hotel Investor Intentions Survey revealed that over 72% of hotel investors polled in November and December of last year have plans to increase their acquisitions of hotel assets this year.

A significant 45% of respondents stated their intentions to boost their buying volume by more than 10% this year. Steve Carroll, Head of Hotels, Capital Markets, Asia Pacific, CBRE, explains that after a strong performance over the past 18 months, investors are anticipating optimistic pricing expectations for hotel and living assets in APAC in 2025.

The survey also found that the rebound in tourist arrivals, particularly in countries like Japan, Singapore, and Australia, is a driving factor behind the healthy buying intentions. Carroll adds that the increase in international visitors …

ETC and OrangeTee Group have announced a merger to form a new holding company, with Desmond Sim, the CEO of ETC, also serving as the group CEO of the merged entity. Justin Quek, the current CEO of OrangeTee & Tie, will be the deputy group CEO.

After the merger, ETC will focus on consultancy and advisory services while OrangeTee will concentrate on proptech and its real estate agency business. The combined entity will have over 520 staff and 2,803 salespersons registered with the Council for Estate Agencies (CEA).

The latest merger builds upon the 2017 joint venture when the former Edmund Tie and OrangeTee merged their associates’ business under a new entity. This propelled OrangeTee & Tie to the third spot among the top three agencies.

The scarcity of land in Singapore, a small island nation with a rapidly growing population, has resulted in a high demand for condos. With …

On Feb. 23, joint developers UOL Group and CapitaLand Development (CLD) revealed that during the launch weekend of ParkTown Residence in Tampines North, 1,041 units were sold, accounting for over 87% of the total 1,193 units available.

When contemplating an investment in a Condo, it is essential to carefully evaluate its potential rental yield. This refers to the yearly rental income that a property can generate, expressed as a percentage of its purchase price. In Singapore, condos have varying rental yields influenced by factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those in close proximity to business districts or educational institutions, offer better rental yields. As a result, it is crucial to conduct thorough market research and seek advice from a reputable real estate agent in order to accurately determine the rental potential of a specific Condo.

According to …

Revised: On February 22, MCL Land and CSC Land Group successfully sold 326 units out of 501 total units at their joint project, Elta, located at Clementi Avenue 1. This represents a sales rate of about 65% with an average price of $2,537 per square foot.

The majority of buyers were Singaporeans, making up 90% of the total, with permanent residents making up the remaining 10%. The highest number of buyers came from districts 19, 5, and 23, which encompassed areas such as Hougang, Serangoon, Sengkang, Punggol, Bukit Batok, and Bukit Panjang.

Out of the various unit types available, the two-bedroom units were the most popular, with 98% of the 179 units sold at an average price of $1.388 million ($2,261 psf). Additionally, 81% of the 108 three-bedroom units were also sold at prices starting from $2.198 million. The one-bedroom plus study units were also in high demand, with 78% …

CapitaLand India Trust to acquire India IT park for $249 milCapitaLand India Trust to acquire 100% of The Zenith from Gemini Investments for $193 million

In summary, there are multiple benefits to be gained from investing in a condominium in Singapore. These include a consistently high demand, potential for increased value over time, and attractive rental yields. However, it is crucial to carefully evaluate various aspects such as location, financing options, government regulations, and current market conditions before making any investment decisions. Conducting thorough research and seeking expert advice are critical steps that can aid investors in making informed choices and maximizing returns in Singapore’s ever-evolving real estate market. Whether you are a local looking to expand your investment portfolio or a foreign buyer seeking a stable and lucrative opportunity, the condo market in Singapore is undeniably alluring. Make sure to check out the latest New Condo Launches for even …

Sim Lian Group has announced that its latest executive condominium (EC) project, Aurelle of Tampines, will be open for e-application starting from Feb 22. This highly-anticipated launch is located at Tampines Street 62 in Tampines North and boasts a total of 760 units. It is also the first new EC project to be launched in 2025.

Aurelle of Tampines is strategically located just a five-minute walk away from the upcoming Tampines North Transport Hub. This includes the Tampines North MRT Station which is expected to open in 2030 as part of the Cross Island Line. The hub will also feature an air-conditioned bus interchange and will be integrated with a mixed-use development, ParkTown Mall. This development will also include a Community Club, Hawker Centre, and ParkTown Residence, which will be officially launched for sale on Feb 22.

The EC project will consist of fourteen 14-storey residential blocks, spread across a …