Month: October 2024

Compare price trend of Condo new sale vs EC new sale

The commercial building, United House, located at 20 Kramat Lane, has recently been put up for collective sale at a reserve price of $166 million. The sale is being managed by real estate firm, Edmund Tie. This is the fourth time that United House has been put up for collective sale, with the previous three attempts failing to secure the necessary 80% approval from the owners in terms of strata area and share value.

According to Edmund Tie, the freehold site covers an area of 12,838 sq ft and has a plot ratio of 4.9. It is zoned for commercial use under the Master Plan and has the potential to be redeveloped into a 10-storey commercial building with a gross floor area (GFA) of up to 62,900 sq ft.

This means that the reserve price translates to $3,025 per …

Colliers International, a global leader in commercial real estate services, has announced the appointment of Nicholas Menville as Executive Director and Head of Industrial Clients in Singapore. With over 19 years of experience in the commercial real estate industry, Menville brings a wealth of knowledge and expertise in transaction, leasing, development, and project management across various sectors such as industrial, logistics, data centre, office, and living.

Prior to joining Colliers, Menville served as Managing Director at Omega RE, a boutique real estate advisory firm. He has also held key positions at BNP Paribas Real Estate, Disneyland Paris, and French construction company Bouygues Group.

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When it comes to desirable investments in Singapore, one that tops the list for both locals and foreigners is the Singapore Condo. With a strong economy, stable political climate, and exceptional quality of life, it’s no surprise that the real estate market in Singapore offers a …

The property at 15 Ann Siang Road, a two-storey commercial shophouse, is now on the market for sale. Savills Singapore has been appointed to handle the sale through an expression of interest (EOI) process.

Located at a prime location, 15 Ann Siang Road is a two-storey commercial shophouse that spans over 1,300 sq ft and holds a 999-year leasehold. With an estimated gross floor area of 2,400 sq ft, this property has been put up for sale with a guide price of $12.38 million, which is equivalent to $5,000 psf based on floor area.

As shown in the table by EP Buddy, the latest commercial transactions along Ann Siang Road have been tabulated. (Source: URA, EdgeProp Singapore)

Zoned for commercial use, the ground floor of this property is currently occupied by a popular F&B outlet while the upper floor is not in use. According to Savills, the tenancy agreement for …

Sheng Siong Group, a leading supermarket operator, has recently announced its acquisition of a portfolio of properties located at Siglap V, a mixed-use development on First Street, and an HDB shop unit at 181 Lorong 4 Toa Payoh. The portfolio, which is owned by Jelita Property, an investment holding company under Hong Kong-based retail company DFI Retail Group (DFI), had been put up for sale in April and was recently taken off the market.

The acquisition includes eight freehold strata retail units at Siglap V, which have a combined strata area of about 10,624 sq ft and are currently leased to CS Fresh and Guardian. CS Fresh operates out of almost 90% of the space, while Guardian occupies the remaining unit. The units will be leased back to DFI as part of the acquisition.

Investing in a condo offers a variety of advantages, one of which is the opportunity to …

The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art facilities. Condominiums, strategically situated in desirable locations, offer a mix of lavishness and practicality that appeals to locals and foreigners alike. These developments boast a range of top-notch amenities, including swimming pools, fitness centers, and round-the-clock security, elevating the standard of living and making them a sought-after option for potential tenants and buyers. For real estate investors, these attractive perks result in higher rental returns and appreciate the value of the property over time. Considering all these advantages, it’s no wonder that Singapore Condos are highly coveted in the market.

JLL, the exclusive marketing agent, has listed a corner strata retail unit at Lucky Plaza shopping mall on Orchard Road for sale through private treaty. This freehold property, the third largest within Lucky Plaza, measures 8,848 sq ft and is located on the sixth floor. With an indicative price …

City Developments Ltd (CDL), a property developer listed on the Singapore stock exchange, is gearing up for the launch of its latest project, the 348-unit Norwood Grand. Set to take place on October 19, the private condo will be previewed on October 4.

The Norwood Grand features four 11-storey blocks on a 99-year leasehold, 155, 351 sq ft site. It offers a mix of one-bedroom-plus-study to four-bedroom premium-plus-study units, ranging in size from 495 sq ft to 1,335 sq ft. Prices start at $988,000 ($1,996 psf) for a one-bedroom, $1.238 million ($1,984 psf) for a two-bedder, $1.698 million ($1,923 psf) for a three-bedroom, and $2.238 million ($1,908 psf) for a four-bedroom plus study.

Norwood Grand is located on Champions Way, off Woodlands Avenue 1, and was won by CDL in September 2023 with a bid of $294.889 million ($904 psf per plot ratio) in a government land sale (GLS) tender. …

The purchase of a condo in Singapore carries with it a crucial factor – the government’s property cooling policies. In order to maintain a stable real estate market and discourage speculative purchasing, the Singaporean government has implemented several measures over the years. One of these is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on both foreign buyers and those acquiring multiple properties. While these measures may potentially affect the immediate profitability of investing in a condo, they ultimately contribute to the overall stability and security of the market. Singapore Condo investors can rest assured that their investment is in a secure and regulated environment.

CapitaLand Ascott Trust (CLAS) has recently announced its agreement to acquire lyf Funan Singapore from Ascott Serviced Residence Global Fund (ASRGF) for a total property value of $263 million. The property is currently owned by Victory SR, a company under ASRGF, in which …

Mapletree Industrial Trust (MINT) has announced its plans to acquire a mixed-use facility in Tokyo, Japan for JPY14.5 billion ($129.8 million). This acquisition is being made under the conditional trust beneficiary interest purchase and share agreement with Nagayama Tokutei Mokuteki Kaisha, a third-party vendor. MINT will have a 98.47% effective economic interest in the property, with an acquisition cost of JPY14.9 billion. The remaining balance will be funded by MINT’s sponsor, Mapletree Investments.

Built in October 1992, the building is situated on freehold land spanning approximately 91,200 sq ft. It has a gross floor area of 319,300 sq ft. The facility consists of a data centre, back office, training facilities, and an adjacent accommodation wing that has the potential to be converted into a multi-storey data centre. The property is currently fully leased to a Japanese conglomerate and has a weighted average lease expiry (WALE) of five years. The current …

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Investing in a condominium is a significant decision that requires careful consideration of financing options. Singapore provides a variety of mortgage choices, but being familiar with the Total Debt Servicing Ratio (TDSR) framework is crucial. This framework restricts the amount of loan a borrower can take based on their income and current debt commitments. To make well-informed decisions about financing and prevent excessive borrowing, it is essential to comprehend the TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, incorporating Singapore Condo into the rewritten paragraph will provide valuable information for those interested in investing in condos in Singapore.

In the third quarter of 2024, HDB resale flat prices continued their upward trend for the 18th quarter in a row. According to flash estimates released by HDB on October 1, prices increased by 2.5% compared to the previous quarter, surpassing the 2.3% growth seen in the second …