Investing in real estate is a strategic decision that requires careful consideration of several factors, with location being one of the most crucial aspects to take into account. This is especially true for the dynamic real estate market in Singapore. When looking to invest in a condo, its location can greatly impact its potential for appreciation in value. Ideally, condos situated in central areas or those in close proximity to essential amenities, such as schools, shopping malls, and public transportation hubs, tend to have a higher potential for growth. Some of the most sought-after locations in Singapore include Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown an upward trend. Moreover, condos located near reputable schools and educational institutions are highly desirable for families, making them even more attractive for investment purposes. If you are considering investing in a condo, it is crucial to carefully consider its location as it can greatly impact its potential for long-term growth and profitability. To learn more about condos and real estate investment opportunities in Singapore, visit Condo.
Singaporean real estate company Mapletree Investments has recently made a significant move in the Australian market by acquiring a 1,398-sqm site along Wellington Street in Perth. The company plans to develop the site into a 835-bed student housing asset, as part of its strategy to focus on this asset class as a core sector.
This marks Mapletree’s first foray into the Australian student housing sector, and the value of the acquisition has not been disclosed. However, according to the Australian Financial Review, the development is estimated to be worth around A$300 million upon completion.
According to Matt Walker, CEO of Student Housing at Mapletree, the company has set global growth targets that include Australia as a key area of growth. Since entering the student housing market in 2016, Mapletree has expanded its portfolio to 79 properties with over 27,800 beds in the US, UK, Canada, and Germany.
The site was acquired from Alceon, an investment manager, and the company will remain involved as the project’s development manager. The surrounding area is home to several universities, including Edith Cowan University, Curtin University Law School, University of Western Australia, and the upcoming ECU City Campus, set to open in 2026.
Construction is scheduled to take place between August this year and December 2027, with the 32-storey development expected to be operational by February 2028. Walker notes that Australia’s student housing sector has attracted strong investor interest due to its large student population, limited supply, and counter-cyclical characteristics.
Despite being home to prestigious institutions, Perth remains one of Australia’s most undersupplied CBDs for student accommodation, making it an attractive investment opportunity for Mapletree. “We are excited about this opportunity for growth and are committed to delivering a top-tier asset that will appeal to both students and investors,” says Walker.
This move reflects Mapletree’s commitment to expanding its global presence and diversifying its portfolio. With its strong track record and strategic approach to growth, the company is well-positioned to capitalize on the promising opportunities in the Australian market.