Condo Score

According to data published by URA on December 16, developers sold 2,557 new private homes (excluding ECs) in November. This marks a 246.5% increase from the 738 units sold in October, and a 226% jump from November 2023.

Christine Sun, chief researcher and strategist at OrangeTee Group, notes that this surge in sales is the highest monthly figure since March 2013, when 2,793 units (excluding ECs) were sold. Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc (SRI), adds that this is also the first time since March 2013 that new home sales have surpassed the 2,000-unit mark in a single month.

The spike in November can be attributed to the “unprecedented” number of project launches during the month, according to Lee Sze Teck, senior director of data analytics at Huttons Asia. Five private residential projects were launched, including Chuan Park, Emerald of Katong, Nava Grove, The Collective at One Sophia, and Union Square Residences. In total, 2,871 new homes were launched in November, a 438% increase from the previous month and 196% higher than a year ago.

In addition, the 504-unit Novo Place EC also commenced sales in November, bringing the total number of new home sales to 2,891 units, a 277% month-on-month surge and 226% year-on-year jump.

Between January and November, an estimated 6,344 units were sold, slightly higher than the 6,317 units sold during the same period in 2023. This is despite the fact that developers launched 6,627 units for sale during the first 11 months of 2024, a drop from the 7,515 units launched over the same period last year.

Top-selling projects for the month include Emerald of Katong, Chuan Park, and Nava Grove. Emerald of Katong, a 99-year leasehold development by Sim Lian Group, sold 840 units with a median price of $2,627 psf. Adjacent to the East Coast, the project’s popularity can be attributed to its excellent design and location, as well as the improved affordability of mortgages due to lower interest rates.

Kingsford Group’s Chuan Park, a 99-year leasehold development located near Lorong Chuan MRT Station, sold 721 (79%) units with a median price of $2,586 psf. Nava Grove, a 99-year leasehold project by MCL Land and Sinarmas Land, sold 382 units (69%) with a median price of $2,445 psf.

One of the main benefits of putting your money into a Singapore condo is the potential for capital growth. The country’s advantageous position as a top global business center, along with its robust economic foundations, creates a constant demand for real estate. Over time, the property market in Singapore has consistently shown an upward trend, particularly for condos located in prime areas. Savvy investors who enter the market at the opportune moment and hold onto their properties for an extended period can reap significant returns in terms of capital appreciation. This is further enhanced by the availability of various Singapore Projects that offer attractive options for investors.

According to OrangeTee’s Sun, this strong performance was driven by pent-up demand and improved buyer sentiment following interest rate cuts in September. Huttons’ Lee believes that buying momentum has been building since the last quarter, with projects such as 8@BT and Norwood Grand seeing a robust response. In addition, demand was funnelled to the wider market as buyers who missed out on their preferred units in a particular project were prompted to quickly commit to a unit in another new or existing project.

However, Lee warns that December may see a decline in sales due to the school holidays and the festive season, with only around 200 to 250 units expected to be sold. This will bring full-year developer sales to approximately 6,500 units, slightly higher than in 2023.

Looking ahead to 2025, Sandrasegeran predicts that new home sales will regain momentum with the launch of The Orie, a 777-unit project by City Developments, in January. He also expects the 113-unit Bagnall Haus, the 186-unit Aurea, and the 760-unit Aurelle of Tampines EC to be launched in the first quarter of the year.

However, Sun believes that the recent surge in sales is temporary and that the subdued demand seen throughout 2024 was due to the lack of significant private project launches. She points out that only 3,049 units were sold during the first three quarters of 2024, the lowest figure since 2004 when URA data first became available.

Lee remains “cautiously optimistic” about the market in 2025, projecting new private home sales to rebound to between 7,000 and 8,000 units and prices to grow by 4% to 7%.…

Hilton, the global hospitality company, has recently opened its 100th Hilton Garden Inn in the Greater China region. The new property, known as the Hilton Garden Inn Beihai Jiafu, is located in the port city of Beihai in China. Strategically located just 2km from Beihai High-Speed Railway Station and 6km from Beihai Fucheng Airport, the 199-key hotel is a convenient 20-minute drive to Beihai International Passenger Port.

Qian Jin, Hilton’s President of Hilton Greater China and Mongolia, expressed his excitement for the brand’s growth and commitment to the Chinese market in a press release on December 13th. This opening marks the brand’s first property in the Greater China region, which was launched in Shenzhen in 2014. Since then, Hilton Garden Inn has expanded its presence in China, with properties in popular cities such as Shanghai, Beijing, Chengdu, Guilin, and Aksu. The brand is also set to open more properties in China, including tourist destinations like Zhangjiajie, Ordos, Huangshan, Shanwei, and Jinan, by 2025.

Investors looking to purchase a condominium must also take into account the maintenance and management of the property. Condos generally entail maintenance fees that encompass the maintenance of shared spaces and amenities. While these fees may contribute to the total cost of owning a condo, they also guarantee that the property remains well-maintained and retains its value over time. Seeking the services of a property management company can aid investors in handling the daily tasks involved in managing a condo, turning it into a more passive investment. Additionally, Condo should be considered as an important factor in the decision-making process.

In addition to these new openings, Hilton Garden Inn is also introducing a new regional prototype known as Hilton Garden Inn Gen A, which caters to the needs of Generation Alpha travelers in Greater China. This initiative was announced by Hilton in June, with plans to launch in Nanjing, Chengdu, Chengde, and Jinan. These new properties will contribute to Hilton Garden Inn’s expansion not only in Greater China but also across the wider Asia Pacific region. According to Clarence Tan, Senior Vice President of Development, Asia Pacific at Hilton, there are currently over 200 Hilton Garden Inn properties in the works across the region.…

CapitaLand Investment Limited (CLI) has made a significant move to expand its presence in Australia by acquiring the property and corporate credit investment management business of Wingate Group Holdings for A$200 million ($173 million) plus an earn-out.

Upon completion of this acquisition, CLI’s total funds under management (FUM) in Australia will increase by 30% to A$8.3 billion. This accounts for approximately 7% of CLI’s total FUM of $115 billion. The company has set an ambitious target to reach $200 billion in FUM by 2028.

The acquisition is a major step towards fulfilling this target and marks a return to Australia for CLI, a decade after it divested its key assets in the country to focus on faster-growing markets like China and other overseas markets.

CLI’s investor day last month had hinted at a potential acquisition of Wingate, and the confirmation of the deal on Dec 16 has been met with media attention in Australia. Wingate is renowned as one of Australia’s leading private credit investment managers, with a successful track record of over 350 transactions worth A$20 billion.

This acquisition also strengthens the existing relationship between CLI and Wingate, as in September, they had announced the close of the A$265 million Australia Credit Program (ACP), a joint venture between the two companies.

CLI has highlighted Wingate’s extensive deal origination networks and strong relationships with institutional and private high-net-worth investors as key reasons for the acquisition. It will also provide CLI with a wider reach in the Australian market.

According to Paul Tham, CLI’s group chief financial officer, besides Australia, there is a potential for growth in private credit opportunities in other Asia Pacific markets such as South Korea, India, and Japan. Therefore, CLI is focusing on geographical diversification, with Australia being one of its priority markets.

CLI has also highlighted the growth potential of the Australian private capital market, which has seen a 33% increase in assets under management in the last 18 months, reaching A$139 billion. Additionally, there is a forecasted A$146 billion gap in commercial mortgage funding by 2028.

Investing in a Singapore condo offers various advantages, and one of them is the potential for capital appreciation. Due to its strategic location as a global business hub and robust economic fundamentals, Singapore maintains a continuous demand for real estate. As a result, property prices in the country have consistently risen over the years, with prime location condos experiencing significant appreciation. Investors who enter the market at the right time and hold onto their properties for the long term can reap significant gains in terms of capital appreciation.

Wingate’s expertise will help CLI diversify its portfolio, which currently comprises of logistics, business parks, offices, and lodging assets spread across nine cities in Australia. As of Sept 30, CLI manages 34 logistics properties, business parks, and four Grade A office buildings in the country. It also owns over 13,500 lodging units across more than 150 properties through its wholly-owned lodging business unit, The Ascott.…

Renowned for its stunning skyline, brimming with towering skyscrapers and state-of-the-art infrastructure, Singapore is a city in a class of its own. The ultimate symbol of opulence and convenience, ‘s condominiums are strategically located and highly coveted by both locals and foreigners. These properties boast luxurious facilities including swimming pools, fitness centers, and top-of-the-line security measures, providing residents with a comfortable and secure lifestyle. For investors, these perks equate to attractive rental returns and a steady increase in property value over time. With the addition of , Singapore Condos become an even more enticing choice for potential buyers and renters alike. Singapore Condo solidifies its position as a premier investment option.

A rare opportunity presents itself with the sale of a row of four freehold conservation shophouses located along the historic North Bridge Road. These properties, situated on two plots of land measuring 5,766 sq ft, are being put up for sale via an expression of interest (EOI) with a guide price of $37 million.

The first plot comprises of 762 and 764 North Bridge Road, sharing a 2,891 sq ft plot of land with a built-up area of 4,917 sq ft, including a mezzanine level. The remaining two shophouse units at 766 and 768 North Bridge Road are situated on an adjacent plot spanning 2,875 sq ft with a built-up area of 4,657 sq ft, also including a mezzanine level.

Marketed exclusively by Isabel Sim, associate senior marketing director at Huttons Asia, the properties offer potential buyers the opportunity to increase the usable area of each property by extending the rear for an outdoor terrace on the second floor, subject to approvals from the relevant authorities. This could potentially add an extra 1,000 sq ft to each land plot.

The current tenants of the shophouses include a fitness retail shop, convenience store, and massage and reflexology service providers. As commercial properties, buyers are exempt from Additional Buyer’s Stamp Duty (ABSD) on these shophouses, making them a highly attractive investment opportunity for both local and foreign investors looking for capital appreciation and stable rental yield.

Located in the vibrant Kampong Glam Conservation enclave, the shophouses boast prominent frontage along North Bridge Road and enjoy high visibility and footfall. With Bugis MRT Interchange and Nicoll Highway MRT station within walking distance, accessibility is a major draw for both locals and tourists.

In addition to the central location, the area is steeped in history, with iconic landmarks such as Sultan Mosque and the Malay Heritage Centre – situated on the grounds of the former Istana Kampong Glam – adding to its charm and appeal.

The EOI exercise will close on January 10, 2025, at noon. For more information, contact Isabel Sim Cheng Yi at 81802707, associate senior marketing director at Huttons Asia (R065855G).…

Grange 1866, a freehold development, has emerged as the top condo with the highest psf-price for the week of Nov 22 to 29, when it hit a new price peak of $3,393 psf. On Nov 27, the developer sold an 818 sq ft, two-bedroom unit for $2.78 million, narrowly surpassing the previous record set in June last year.

The project has seen 12 new sales transactions this year, with an average price of $3,181 psf. The most expensive unit sold this year was a 1,012 sq ft, two-bedroom unit that went for $3.02 million ($2,989 psf). As of now, the 60-unit development has sold 45 units, which accounts for 75% of the total units available.

In the realm of investing in a condo, one must also carefully consider the maintenance and management of the property. This involves taking into account the maintenance fees typically associated with condos, which are responsible for the upkeep of communal areas and facilities. While these fees may contribute to the overall cost of owning a condo, they also ensure that the property remains well-maintained and retains its value. As such, enlisting the services of a property management company can be beneficial for investors as it allows for a more hands-off approach to managing their condo and turns it into a more passive investment.

Grange 1866 is expected to be completed by the end of 2025. Situated on Grange Road in prime District 10, this project features a single 16-storey residential block on a 20,322 sq ft, freehold site. Units range from one- and two-bedroom apartments measuring between 527 and 1,012 sq ft.

A close runner-up for new psf-price high is Hill House, a boutique condo that has seen a new peak of $3,378 psf twice in November. The most recent peak was on Nov 25, when an 452 sq ft, two-bedroom unit on the 8th floor was sold for about $1.53 million. This surpassed the previous record of $3,267 psf by 3.4%, an amount achieved on Nov 11 when a similarly sized two-bedroom unit on the fifth floor was sold for about $1.48 million.

Hill House has seen 12 unit sales this year, with an average price of $3,108 psf. The cheapest unit sold was a 753 sq ft, three-bedroom unit for $2.21 million ($2,934 psf) on Oct 28. As a 999-year leasehold condo, it is situated on Institution Hill, just off River Valley Road, in prime District 9. Expected to be completed in 2026, the 72-unit boutique development comprises one-bedroom and one-bedroom-plus-study units ranging between 431 and 452 sq ft; two-bedroom units of 624 sq ft; and three-bedroom apartments of 753 sq ft.

The Cosmopolitan takes third place for new psf-price highs, with the sale of a 1,324 sq ft, three-bedroom unit on the 26th floor for $3.73 million ($2,817 psf) on Nov 25. This is just 0.7% higher than the previous peak of $2,795 psf set in October last year when another 1,324 sq ft, three-bedroom unit on the 17th floor of the same block was sold for $3.7 million.

The sellers had bought the unit for about $2.58 million ($1,950 psf) in November 2010, and made a profit of about $1.15 million. The 228-unit freehold condo, located along Kim Seng Road in prime District 9 was completed in 2008, and comprises two-bedroom units spanning 1,141 sq ft; three-bedroom units spanning from 1,324 to 1,399 sq ft; and four-bedroom apartments spanning 1,679 sq ft. It is located within 1km of River Valley Primary School and is a short walk from Great World MRT Station on the Thomson-East Coast Line. Nearby dining and retail options can also be found at Great World City.

There were no new psf-price lows recorded during the period in review.…

After experiencing two years of losses, the global real estate market saw a positive turn in the second quarter of 2024, indicating a potential recovery. Low interest rates have historically led to soaring real estate values, culminating in a 5.0% quarterly and 17.8% yearly return in the first quarter of 2022. However, the subsequent tightening cycle wiped out these gains, bringing values back to 2018 levels worldwide.

In summary, purchasing a condo in Singapore presents a multitude of benefits, including strong demand, potential for increased value, and attractive rental income. However, it is crucial to carefully evaluate various factors, such as location, financing, government regulations, and market conditions. Through extensive research and seeking expert guidance, investors can make well-informed decisions and capitalize on the dynamic real estate market in Singapore. Whether you are a local looking to diversify your investments or a foreign buyer in search of a stable and profitable venture, Singapore condos offer an enticing opportunity. For more information on available projects in Singapore, visit Singapore Projects.

Despite this correction, we believe that the real estate market is nearing its bottom, making it a favorable time for investors to reconsider this asset class. Real estate has a history of providing stable income returns and diversification benefits over the long term, with the potential for strong returns during recovery periods. For instance, after the recession in the 1990s, investors saw a cumulative return of 76% over the next five years. Similarly, after the tech-wreck and the Global Financial Crisis, the cumulative returns were 98% and 86%, respectively.

In the second quarter of 2024, global real estate values moderated to a 0.74% loss, the lowest quarterly adjustment in the past two years. However, with offsetting income returns of 1.07%, the sector achieved a positive 0.33% return, the first positive quarter since 2022. Of the 15 global markets in the MSCI Global Property Index, a slight majority saw increases in real estate values for the first time in two years. Eight markets, including Japan, South Korea, Singapore, Southern Europe, the Nordics, the Netherlands, France, and the UK, experienced gains from the previous quarter. Additionally, six markets saw losses between 0.3% and 1.5%, with all of them moderating from the first quarter of 2024. Only Australia experienced a larger write-down in the second quarter, aligning its valuations with its global peers.

However, changes in capital values are only one aspect of real estate returns. Historically, the larger component of total returns has been income. This emphasizes the importance of considering both capital and income aspects when evaluating real estate investments.

Total returns, which include both capital and income returns, were positive in 12 of the 15 countries in the MSCI Global Property Index in the second quarter of 2024. They were flat in the US (-0.09%), slightly negative in Ireland (-0.22%), and significantly negative in Australia (-3.07%). However, preliminary data from the NCREIF ODCE index showed positive total returns in the US (0.25%), indicating a potential positive trajectory in the future.

While there are signs of a potential rebound in global real estate investment after two slow years, China and Japan may face challenges. In the third quarter of 2024, they accounted for a significant portion of the $7.5 billion in cross-border inflows in the Asia Pacific region. However, both countries face high debt costs and other factors that may hinder a strong rebound in real estate capital inflows.

China, in particular, has seen a decline in interest from the West due to geopolitical and economic concerns. Despite a recent stimulus package, it is unlikely to see a quick return. The market has also been stagnant due to price dislocation, geopolitical risk, and lack of liquidity. Japan, on the other hand, remains an outlier, with the Bank of Japan raising borrowing rates for the first time since 2007 in an effort to control inflation. This has prevented cap rate compression and potential property price increases.

Despite these challenges, there are still attractive opportunities in the real estate market. For example, the purpose-built student accommodation market in Australia has significant potential due to a housing shortage for students. Additionally, real estate debt in the country offers appealing risk-adjusted returns, with funding gaps in construction and potential for long-term growth in sectors such as logistics and PBSA.

While there may still be bumps in the road, the real estate market is showing signs of improvement, presenting potential opportunities for investors. This asset class offers low correlations to other investments, strong income returns, and the potential for protection against inflation over the long term. With the market nearing its bottom, it may be a strategic time for investors to consider allocating to private real estate. However, as with any investment, research and selectivity are crucial for success, as not all markets and property types will perform equally well.…

During the week of Nov 26 to Dec 3, the most profitable condo resale transaction was recorded at Island View, a freehold condo in Pasir Panjang. The unit, measuring 3,498 sq ft, was sold for $4.8 million ($1,372 psf) on Nov 27. This marks a significant profit for the seller, who purchased the unit in September 2005 for $1.3 million ($372 psf), resulting in a capital gain of 269% or an annualized profit of 14.2% after owning it for almost 19 years.

The transaction on Nov 27 has set a new record for the most profitable deal at Island View, surpassing the previous record of $3.19 million made in February 2022 for the sale of another 3,498 sq ft unit at $5.09 million ($1,455 psf). The seller had acquired the unit in February 2007 for $1.9 million ($543 psf).

Island View is a boutique condo comprising 72 units located on Jalan Mat Jambol, off Pasir Panjang Road in District 5. Completed in 1984, this freehold development consists of low-rise blocks and offers apartments ranging from 3,056 sq ft to 3,538 sq ft. It is conveniently located within walking distance to the Pasir Panjang MRT Station on the Circle Line.

In September 2023, the owners of Island View attempted a collective sale with a guide price of $575 million. However, after receiving no bids during the tender, the condo was relisted for sale in March this year at the same price, but failed to attract a buyer.

Investing in real estate is a decision that requires careful consideration, and one of the most critical factors to keep in mind is location. This is particularly true in Singapore, where the location of a condo can greatly impact its value. Condominiums located in central areas or in close proximity to essential amenities such as schools, shopping malls, and public transportation hubs have a higher potential for appreciation. Some prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values. Families, in particular, are drawn to these areas due to their proximity to reputable schools and educational institutions, making condos in these locations highly sought after and thus, a solid investment choice. Additionally, keeping an eye on new condo launches in these prime areas can offer even more opportunities for potential investors.

The second most profitable condo resale transaction during the week was recorded at Cavenagh Court, where a 1,862 sq ft unit on the sixth floor was sold for $3.65 million ($1,960 psf) on Dec 2. The seller, who had purchased the unit in April 2006 for $1.02 million ($548 psf), made a gain of $2.63 million (258%) after almost 19 years of ownership.

This deal has also set a new record profit for a unit at Cavenagh Court, surpassing the previous record of $2.15 million in April 2022 for the sale of another 1,862 sq ft unit on the fourth floor at $3.28 million ($1,761 psf). The seller had acquired the unit in October 2007 for $1.13 million ($607 psf).

Cavenagh Court is a freehold condo located on Cavenagh Road in Newton, District 9. Completed in 1971, this boutique development comprises 68 units ranging from 1,819 sq ft to 1,862 sq ft. It is a short drive away from the popular Orchard Road shopping belt.

Apart from the unit sold on Dec 2, there has only been one other resale transaction at Cavenagh Court this year, with a 1,840 sq ft unit on the sixth floor changing hands for $3.82 million ($2,074 psf). The seller, who had bought the unit in August 2019 for $2.88 million ($1,565 psf), made a gain of about $938,000.

On the other hand, the sale of a duplex penthouse at The Berth By The Cove was the least profitable condo resale deal of the week. The four-bedroom apartment spanning 3,089 sq ft was sold for $3.6 million ($1,165 psf) on Nov 29. However, the previous owner had purchased it for $5.53 million ($1,790 psf) in August 2007, resulting in a loss of $1.93 million (35%) after owning the unit for nearly 17 years.

This sale marks the second most unprofitable transaction recorded at The Berth By The Cove. The biggest loss belongs to a 2,939 sq ft, four-bedroom unit that was sold for $3.25 million ($1,106 psf) in February 2018. The seller had purchased the unit in October 2011 for $5.64 million ($1,919 psf), incurring a $2.39 million loss.

The Berth By The Cove is a condo located on Ocean Drive in the Sentosa Cove residential enclave on Sentosa Island. Completed in 2006, this freehold development comprises 200 units spread out over 15 low-rise blocks of six storeys each. It offers two- to four-bedroom units ranging from 1,012 sq ft to 2,325 sq ft, as well as penthouses with four to five bedrooms spanning 2,939 to 6,028 sq ft.

There have been seven other resale transactions at The Berth By The Cove this year, with prices ranging from $1,237 psf to $1,535 psf. Four of the deals resulted in losses of $40,000 to $780,000 for the sellers, while the remaining three deals were profitable, with gains of $200,000 to $430,000.…

Cove, a Singapore-based flexible living platform, has recently appointed seasoned real estate and hospitality veteran Ashish Manchharam as a board director.

Manchharam brings with him a wealth of experience, having founded and built 8M Real Estate for over 10 years, growing its portfolio to $1.5 billion. In 2023, he successfully exited the company and went on to establish Elevate Capital in early 2024, with a focus on lifestyle-driven real estate investments.

In his new role as an advisor, Manchharam will assist Cove in acquiring flexible living assets in collaboration with third-party investors, including real estate funds, institutional investors, and family offices.

This strategic move is in line with Cove’s plans to accelerate its growth through an asset acquisition model, in addition to its existing operations as a branded flexible living operator and online listing platform. Cove primarily caters to professionals and students, and since its inception in 2018, it has expanded to over 6,000 rooms in Singapore and Indonesia.

In brief, opting to invest in a condominium in Singapore can bring about a multitude of advantages. These include high demand, potential for increase in value, and appealing rental yields. However, it is essential to carefully consider various factors such as location, financing options, governmental regulations, and market conditions. With thorough research and the guidance of professionals, investors can make informed decisions and maximize their returns in the dynamic real estate industry of Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, Singapore Projects presents an enticing opportunity to invest in condos. With its constantly evolving real estate market, investing in a condo through Singapore Projects, available at Singapore Projects, can prove to be a highly profitable venture.

Looking ahead, Cove aims to broaden its reach in the wider Asia Pacific region, with recent ventures into South Korea and Japan, where it plans to launch 800 and 400 rooms respectively, through partnerships with local joint venture partners.

To support its ambitious expansion plans, Cove has also closed an additional US$4.5 million funding round, with Manchharam joining existing investors Eurazeo and Keppel, who had previously taken a strategic minority stake in the company in December 2020.

CEO and co-founder of Cove, Guillaume Catagne, shared that the company experienced significant portfolio growth in 2024 and achieved EBITDA positivity. Cove is now focused on doubling its portfolio to 15,000 units by the end of 2025. With the addition of Manchharam and the recent funding round, Cove is well-positioned to maintain its leadership position in existing markets and accelerate regional expansion.…

16 Dec 2023, Singapore – William Liem, the CEO of real estate giant Tuan Sing Holdings, has once again increased his stake in the company. Liem purchased a total of 1.7 million shares from the open market through his entity, Nuri Holdings (S), for a combined amount of $447,613.50.On 5 December, Liem acquired 545,300 shares at a price of 25 cents each, spending a total of $136,325.00. The very next day, he purchased another 1.2 million shares for $311,288.50, at an average cost of 25.9 cents per share. With these latest purchases, Nuri Holdings now holds a total of 672.7 million shares in Tuan Sing, equivalent to a 54.09% stake.In September earlier this year, Nuri Holdings had also bought shares in Tuan Sing on 10 and 11 September, at prices ranging from 25 cents to 25.5 cents per share. This continued support from the Liems signals their confidence in the company’s future growth potential.AdvertisementAdvertisementAs of June 30, Tuan Sing’s net asset value stood at 97.8 cents per share, a slight decrease from the previous financial year’s value of 99 cents. Nonetheless, the company has been making strategic moves to expand its portfolio and strengthen its position in the market.In November, Tuan Sing announced its acquisition of several assets from PT Senimba Bay Resort in Batam for $28 million. This move marks the company’s entrance into the hospitality sector, which will further diversify its revenue streams and provide long-term value for shareholders.Tuan Sing’s recent successes and expansion plans have been reflected in its financial performance as well. In its latest financial report, the company reported a 5% increase in earnings for the financial year 2023, reaching a total of $4.8 million. With its strong leadership and strategic investments, Tuan Sing is poised for continued growth and success in the years to come.

When considering the purchase of a Singapore Condo, one must carefully consider the maintenance and management of the property. This type of property typically comes with maintenance fees, covering upkeep for communal areas and amenities. While these fees may impact the overall cost of owning the condo, they are essential in preserving its condition and sustaining its value. Engaging a reputable property management firm can help investors effectively handle their condos, making it a smoother and more profitable investment. Singapore Condo is a valuable addition to this rewritten paragraph.…

The manager of AIMS APAC REIT (AA REIT) has announced that its trustee, HSBC Institutional Trust Services (Singapore) Limited, has entered into a sales and purchase agreement with Crown Worldwide for the divestment of its property at 3 Toh Tuck Link. This sale is in line with AA REIT’s proactive asset management strategy and efforts to rejuvenate its portfolio for long-term sustainable returns.

The sale consideration for the property is $24.388 million, which represents a premium of 32.5% to its valuation of $18.4 million as of March 31. The property, which includes a three-storey factory and a five-storey ancillary office building with a total gross floor area of 12,492.4 sqm, has attracted a high sale price due to its strategic location and potential for growth.

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When considering the purchase of a condo, it is essential to carefully consider the maintenance and management aspects of the property. Condominiums typically come with maintenance fees, which cover the cost of maintaining shared spaces and amenities. While these fees may add to the overall cost of ownership, they also ensure the upkeep and value of the property. This is especially beneficial for those looking to invest in a new condo launch, as a property management company can provide assistance and help owners take a more hands-off approach to their investment. With the help of a property management company, investing in a new condo launch, such as New Condo Launches, can be made even more effortless.

The net proceeds from the divestment will be reinvested to support AA REIT’s various growth initiatives, such as potential new acquisitions, asset enhancement initiatives, or future redevelopment projects. This will further strengthen the REIT’s resilience and enhance long-term value for its unitholders.

According to Russell Ng, CEO of the manager, the divestment is in line with their continuous effort towards portfolio rejuvenation and will ultimately strengthen AA REIT’s resiliency. The sale is expected to be completed by the first half of 2025, subject to JTC Corporation’s approval.

After the divestment, AA REIT’s portfolio will comprise 27 properties across Singapore and Australia, showcasing the strong and diversified nature of the REIT’s assets. This divestment marks yet another successful transaction for AA REIT, highlighting its strong track record in managing and optimizing its portfolio.…