Investing in a condominium can bring a variety of advantages, one of which is the opportunity to leverage the property’s value for future investments. Numerous investors take advantage of their condos as a form of collateral to secure further financing for new ventures, allowing them to grow their real estate portfolio. While this tactic can potentially increase returns, it is not without its risks. Thus, it is vital to have a solid financial plan in place and carefully consider the potential effects of market fluctuations. Additionally, it may be helpful to keep an eye out for new condo launches through a resource such as Score in the Box to stay on top of any promising opportunities in the market.
In order to boost its capital recycling efforts, City Developments divested assets worth more than $600 million last year. This falls short of the company’s previously stated $1 billion target, due to a decrease in deals across various markets and asset classes. Some completed divestments include the Ransome’s Wharf site in London, a freehold 8-storey industrial building in Singapore, and several strata units in various developments. CDL also announced that their Hong Leong City Center development in Suzhou is under contract and set to be completed this quarter. Group CEO Sherman Kwek explains that despite challenging market conditions, the company will continue to push forward with divestment plans in order to optimize capital management and align their portfolio with strategic objectives. CDL shares closed at $5.05 on Jan 16, a decrease of 20.97% over the past year.