Month: March 2025

A major driving force behind the high demand for condominiums in Singapore is the scarcity of land. As a densely populated island nation with limited space for development, Singapore has implemented strict land use regulations. This has contributed to a highly competitive real estate market, with continuously rising property prices. As a result, investing in real estate, particularly in Singapore Condos, is a sought-after and lucrative opportunity with the potential for substantial appreciation in capital value. Singapore Condo is a valuable addition to this thriving market.

Real estate investments in the Asia Pacific region reached a total of US$83.2 billion ($112 billion) in the second half of 2024, marking a 6% increase from the previous year, according to a study conducted by Colliers. This brings the full-year investment to US$155.9 billion in 2024, representing a 12% rise from the previous year. The study covers the top nine markets in the region including Australia, Mainland China, Hong Kong, India, Japan, Singapore, South Korea, New Zealand and Taiwan.

This jump in investments reflects the strong resilience of the Asia Pacific real estate market and paves the way for a robust 2025, according to Chris Pilgrim, Managing Director of Global Capital Markets, Asia Pacific, Colliers. Pilgrim also points out that domestic investors have played a vital role in driving growth in key markets such as South Korea, Taiwan, and New Zealand. In the second half of 2024, domestic investors contributed to over 80% of the real estate investments in these markets.

The office sector emerged as the largest contributor to the total investment volume in the Asia Pacific, accounting for US$26.5 billion (32%) of the total volume in the second half of 2024. For the full year, office investments reached US$51.4 billion, registering a 14% increase from the previous year. The industrial and logistics sector followed, with investments reaching US$22.6 billion in the second half of 2024, representing 27% of the total. For the entire year, the industry attracted US$39.4 billion in investments, recording a 29% increase from the previous year.

The retail sector experienced a significant rebound, with investments reaching US$15 billion in the second half of 2024, driven by substantial deals in Australia and South Korea. The total retail investments for the entire year reached US$26.1 billion, recording a 27% increase from the previous year. Pilgrim believes that domestic investors will continue to dominate most markets in 2025. At the same time, offshore investments are expected to increase due to improving investor confidence and attractive valuations.

While investments in the office and industrial segments are expected to remain strong, Pilgrim believes that the retail, hospitality and alternative asset classes will also gain traction as investors take advantage of the recovery momentum and changing consumer trends. “With economic growth remaining strong and continued policy support, the Asia Pacific real estate market is poised for sustained investment activity in 2025,” adds Pilgrim.…

for $327 mil

Lee Chee Koon, the CEO of CapitaLand Investment Limited (CLI), has been named the ‘Industry Figure of the Year’ for Asia Pacific at the PERE Global Awards 2024. The prestigious awards, hosted by a London-based publication covering private equity real estate markets, recognize influential firms, individuals, and standout deals from the past year. CLI also received the runner-up award for ‘Firm of the Year’ in Asia Pacific.

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Investing in a Singapore condo brings with it a host of advantages, making it a promising option for investors. With factors like high demand, potential for capital appreciation, and attractive rental yields, it presents a lucrative opportunity in the dynamic real estate market of Singapore. However, it is crucial to consider various aspects such as location, financing options, government regulations, and overall market conditions before making any investment decisions. With thorough research and seeking professional advice, investors can make informed choices and maximize their returns in the ever-evolving real estate landscape of Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer eyeing a stable and profitable investment, the condos in Singapore, along with Singapore Projects, offer a compelling opportunity that cannot be ignored.

Selection for the 2024 awards was done by a panel of PERE journalists, representing a change from previous editions where PERE first shortlisted submissions and then had readers vote for the winners.

In a press release on March 4, CLI stated that Lee’s award recognized his role in driving the company’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region. Since taking over as CapitaLand’s group CEO in September 2018, Lee has made several key moves that have propelled the company forward. These include the acquisition of Ascendas-Singbridge in 2019 and the 2021 restructuring of CapitaLand Group, which resulted in the listing of CLI and the privatisation of its real estate development arm, CapitaLand Development.

In 2024, CLI also invested in real estate investment manager SC Capital Partners Group and acquired Wingate Group Holdings’ property and corporate credit investment management business. The company is on track to manage $200 billion in funds by 2028, according to its projections. These achievements demonstrate Lee’s exceptional leadership and vision for the company.

Click here to read more about CLI’s latest developments, including its recent acquisition of three properties in Singapore and Thailand for $327 million and its successful issuance of its first sustainability-linked panda bond, raising RMB1 billion. Additionally, CLI posted a decline of 79% in earnings for FY2023, recording $181 million.…

Singapore’s urban scenery boasts towering skyscrapers and state-of-the-art infrastructure. One of its most prominent features is the presence of luxurious condos, strategically located in prime areas, that cater to the preferences of both locals and foreigners. These condos offer a perfect blend of comfort and convenience by providing top-notch amenities like swimming pools, fitness centers, and round-the-clock security services. These attractive features not only improve the overall quality of living but also increase the appeal of these properties to potential tenants and buyers. In terms of investment, these condos offer higher rental yields and continually appreciate in value over time, making them a profitable option for investors. Keep up-to-date with the latest offerings through New Condo Launches.

SC Capital Partners Group, a private equity real estate firm based in Singapore, has recently sealed the sale of its student accommodation asset in Sydney, Australia. According to a press release issued on March 3, the group has managed to sell the property at Anzac Parade and Lorne Avenue in Kensington at a significant premium to the price it was acquired for, resulting in a 19% premium to its current book value. The buyer of the property is none other than the University of New South Wales (UNSW) in Sydney.

The acquisition of this property dates back to 2016 when the SC Capital Partners Group had initially purchased it for an estimated amount of A$57 million. This move was heavily reported at the time. With this sale, the group has successfully raised the asset’s value and managed to attract a higher price for it.

The property, which spans across 85,035 sq ft, is a purpose-built student accommodation equipped with 233 beds and a ground-floor commercial podium. Its strategic location, being within a 600m radius from the UNSW Kensington Campus, was one of its key selling points. Furthermore, the student accommodation component is fully leased to UNSW, with a fresh 20-year master lease agreement signed in 2019. The support from a reputable institution like UNSW further adds to the attractiveness of this property.…

City Developments, a company currently experiencing an internal conflict that has spilled into the courts, saw its shares plummet by 5.47% or 28 cents when trading resumed today. The trading of the company’s shares had been halted since February 26, when a scheduled results briefing was unexpectedly cancelled. Shortly thereafter, news spread throughout the Singapore business community of a disagreement between executive chairman Kwek Leng Beng and his son, Sherman Kwek, who serves as the group’s CEO.

In response to these reports, CDL released a statement on March 3 saying, “Shareholders should take note that many of the allegations made regarding the disagreement within the board are currently being addressed in court.” The company reiterated that its business operations remain unaffected and Sherman Kwek remains the CEO until the board decides otherwise.

Expectedly, the boardroom and family clash has caused analysts to downgrade their recommendations and lower their target prices for CDL. Adrian Loh of UOB Kay Hian has changed his “buy” rating to a “hold” and cut his target price to $4.60 – a significant decrease from the previous $7. Loh explains that while the company does possess valuable assets both in Singapore and globally, it may struggle to perform well under these circumstances. He also points out that the company’s current share price is significantly lower than its average price-to-book (P/B) ratio of 0.72 times, indicating that there may be some major underlying issues.

Similarly, Derek Tan and Tabitha Foo of DBS Group Research have retained their “buy” recommendation but revised their target price from $10.50 to $6.70. They believe that the company’s fundamentals remain strong and that things will improve once the board dispute is resolved. OCBC Investment Research has also maintained its “buy” rating but with a lower fair value estimate of $6.02, down from $6.57. They expect uncertainty to weigh down CDL’s share price until the matter is resolved.

One of the advantages of investing in a condo is the opportunity to leverage its value for other investments. A lot of investors utilize their condo as collateral to secure additional funding for new ventures, ultimately growing their real estate portfolio. While this approach can potentially increase returns, it also entails certain risks. It is essential to have a solid financial plan and carefully assess the potential effects of market fluctuations before implementing this strategy. To make the most out of your investments, consider condo investments as part of your overall plan.

Brandon Lee of Citi Research notes that the potential impact of this episode is difficult to quantify and could be a short-term overhang on the share price. However, he also believes that CDL is under-owned by investors and any positive resolution to the dispute could significantly boost the share price in the long term. JP Morgan analysts Mervin Song and Terence M Khi describe the dispute at CDL as a “dynastic discord” resulting from years of frustration and public disagreement between certain members of the Kwek family. They hope for a positive resolution and a reconciliation between the family members.…

Perpetual (Asia) Limited, the trustee of Elite UK REIT, has sold Crown Buildings in Caerphilly, situated on Claude Road, for GBP710,000 ($1.2 million), representing an 18% premium.

According to Elite UK REIT’s manager, the property was vacant and had been independently valued by CBRE at GBP600,000 at the end of 2024. In the previous year, the property located in Wales was valued at GBP530,000.

The net proceeds from the sale will be used to repay the outstanding borrowings of Elite UK REIT. As stated on the company’s website, Crown Buildings in Caerphilly has a gross floor area of 20,712 sq ft.

Following its successful GBP28 million preferential offering in January 2024, Elite UK REIT has reduced its leverage ratio from 50.0% at the end of 2023 to 43.4% at the end of 2024. Similarly, its net gearing ratio has decreased from 47.5% to 42.5% during the same period.

Investing in a condominium or condo in Singapore has become a highly sought-after option for both local and foreign investors. The city-state’s strong economy, stable political climate, and exceptional quality of life make it an attractive destination for property investment. With a flourishing real estate market, Singapore offers a range of opportunities, but condos stand out for their convenience, amenities, and potential for attractive returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore, including the latest projects in the bustling city Singapore Projects.

Fortunately for Elite UK REIT, there is no need to refinance any debt in 2025 and 2026, with refinancing only due in 2027.…