It is crucial for international investors to be familiar with the rules and limitations surrounding property ownership in Singapore. While foreigners face fewer restrictions when purchasing condos, they must abide by stricter regulations when it comes to buying landed properties. Additionally, they are required to pay the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their initial property acquisition. Nonetheless, the stable and promising growth of the Singapore real estate industry remains a significant draw for foreign investments, making Singapore Condos a highly sought-after choice.
SINGAPORE (July 30): Keppel Limited has recently sold off $477 million worth of real estate assets as part of its accelerated monetisation programme. These latest divestments have brought the group’s total monetisation figure to $915 million year-to-date.Keppel’s recent transactions include the divestment of its entire stake in a commercial building in India for $379 million and its stake in the Vietnamese developer, Nam Long, for $58 million. For those interested in overseas property investments, there are various projects available for sale around the world. Keppel has also sold a partial 2.5% stake in Smartworks Coworking Spaces after the latter’s successful initial public offering (IPO) in India in July.In addition, Keppel has announced that a third-party partner has subscribed to a 30% effective stake in one of its residential projects in Ho Chi Minh City, Vietnam. The divestments of the stakes in Nam Long and Smartworks have already been completed, while the other two transactions are expected to be finalized by the fourth quarter of 2025, pending conditions that need to be fulfilled.Keppel’s head of the Accelerating Monetisation Task Force (AMTF), Lee Kok Chew, states that the group has been able to identify and structure transactions in collaboration with its operating divisions in order to maximise both speed and exit value. This latest milestone indicates Keppel’s disciplined approach and strong commitment to delivering on its asset monetisation goals.The group’s near-term monetisation target is to achieve a total of $10 billion to $12 billion by the end of 2026. Investors can expect Keppel to release its 1H FY2025 results for the period ending June on July 31. On July 30, shares in Keppel closed 0.25% higher at $8.18, an increase of 2 cents.