When contemplating a Condo investment, one must also take into account the maintenance and management of the property. Generally, Condos come with a charge for maintenance that covers the upkeep of common areas and amenities. These fees may contribute to the total expense of owning a Condo, but they guarantee that the property stays in top-notch condition and retains its value over time. By hiring a property management firm, investors can delegate the responsibility of overseeing their Condo on a day-to-day basis, transforming it into a more passive investment. Condo Now, it’s essential to consider the maintenance and management of the property when investing in a condo. Condos typically have maintenance fees that encompass the maintenance of common areas and facilities. While these costs may increase the overall cost of owning a condo, they also provide assurance that the property will remain in excellent condition and maintain its value. Engaging …

Joint developers Hoi Hup Realty and Sunway Developments have successfully held the balloting event for second-time buyers of Otto Place executive condominium (EC) on Tuesday evening, August 19. According to the official statement released by these developers, a total of 167 units were sold during the exercise.

This 600-unit EC project had earlier experienced a successful launch weekend on July 18-19, where 351 units were sold, making up an initial take-up rate of 59%. With the additional sales made during the recent balloting exercise, the total number of units sold has now reached 548, which is an impressive 91% within just one month of its launch. The average price achieved, based on caveats lodged to date, is $1,750 per square foot (psf).

For those unfamiliar with the term, second-time buyers refer to individuals who have previously received a housing subsidy from the Housing and Development Board (HDB). During the initial …

As Banyan Group celebrates its 20th anniversary in China, its portfolio of properties in the country continues to expand. Two new properties, Angsana Zhoushan and Homm Wenzhou Nanxijiang, have recently opened in Zhejiang Province, Eastern China.

Investing in real estate is a strategic decision, and location plays a vital role in its success. This is particularly true in Singapore, where the right location can make a significant difference in the value of a property. Condominiums situated in central areas or near important amenities like schools, shopping centers, and public transportation hubs have a higher potential for appreciation. For instance, prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. Families looking for a home also prioritize areas near good schools and educational institutions, making condos in these locations highly sought after and increasing their investment potential. You can find …

Knight Frank has recently appointed Vivian Liao as head of global portfolio solutions for Asia Pacific (Apac). According to the firm, Liao will be responsible for leading Knight Frank’s global portfolio solutions service in the region, with a focus on providing value-driven solutions that boost portfolio performance and aid corporate clients in achieving their long-term real estate objectives.

Knight Frank’s global head of occupier strategy and solutions, Tim Armstrong, stated that Liao’s hiring exemplifies the firm’s commitment to establishing a strong team and delivering comprehensive solutions for clients with complex real estate requirements in Apac.

Liao joins Knight Frank from CBRE, where she served as director of transaction management and account lead for Apac and Europe, the Middle East, and Africa. She had joined CBRE in late 2022 and brings with her over 12 years of experience from her previous role at JLL.

Knight Frank appoints Vivian Liao as Head …

When contemplating an investment in a Singapore condo, it is crucial to also examine its potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. Keep in mind that rental yields for condos in Singapore can significantly vary based on factors like location, property condition, and market demand. Generally, areas that have a high demand for rentals, such as those near business districts or educational institutions, tend to offer better rental yields. To gain a deeper understanding of a specific condo’s rental potential, it is recommended to conduct thorough market research and seek guidance from reputable real estate agents. If considering investing in a condo in Singapore, checking out Singapore Condo can provide useful information.

Singapore Shopping Centre, located at 190 Clemenceau Avenue, has been put up for collective sale with an asking price of $200 million. The mixed-use development, opposite the …

CapitaLand Ascendas REIT (CLAR) has announced plans to sell five industrial and logistics properties for a total of $329 million. The deal, brokered by CBRE, is expected to fetch a premium of 6% over the properties’ total market value and bring in net proceeds of approximately $313.1 million.

The five properties up for sale are located at 31 Ubi Road 1, 9 Changi South Street 3, 10 Toh Guan Road, 19 & 21 Pandan Avenue, and 30 Tampines Industrial Avenue 3. The buyers are unrelated third parties, and the sale price represents a 20% premium over the original purchase price of $274.2 million.

According to CLAR, the proposed divestments are part of their proactive capital recycling strategy to enhance the quality of their portfolio and maximize returns for their unitholders. The proceeds from the sale may be used for various purposes such as funding committed investments, paying down debt, extending …

Developers’ private home sales hit 4,081 units in July, up 25% from JuneSpringleaf transformation gathers momentum from strong sales at Springleaf Residence

Joint developers GuocoLand and Hong Leong have successfully sold 870 out of the 941 units at the newly launched Springleaf Residence in just two days. The average price of the units sold was at $2,175 per square foot.

The response to the project was overwhelming, with almost all of the two-bedroom units in the five 25-storey towers being sold out. 95% of the three-bedroom units and 138 of the four-bedroom units were also taken up by buyers. 45% of the larger five-bedroom units were also sold.

According to GuocoLand, the strong demand for Springleaf Residence reflects the market’s confidence in the area’s growth potential. The project is in line with URA’s vision of creating a vibrant neighbourhood that combines urban living with natural surroundings. Dora Chng, the residential …

Hilton and Ayala Land Hospitality have announced the upcoming opening of the first Canopy by Hilton hotel in the Philippines. The new 24-storey property, located in Makati’s prestigious One Ayala development, is set to welcome guests in the coming year.

Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. While purchasing condos is generally less restrictive for foreigners, stricter rules apply to landed properties. Additionally, foreign buyers must be prepared to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. However, the stability and growth potential of the Singapore real estate market remain attractive to foreign investment, making it worth considering a Singapore Condo for potential buyers.

According to a press release dated August 13, the hotel will feature 400 stylish and well-appointed rooms and suites. Guests can also look forward to a range of amenities, such as a …

The bustling and vibrant Joo Chiat Place has long been a popular area for both locals and tourists alike, known for its diverse mix of eateries, independent shops, and heritage-rich charm. Being a freehold property, it offers an attractive long-term investment opportunity for the new owner.

Situated at the junction of Still Road and Joo Chiat Place in District 15, a prime corner shophouse at 247 and 249 Joo Chiat Place has recently been sold for an impressive price of $8.55 million, translating to $2,902 per square foot (psf) based on its floor area. The successful transaction was facilitated by ETC, with a competitive bidding process that drew interest from investors and F&B operators, culminating in the deal’s closure on June 26.

The cityscape of Singapore is defined by towering skyscrapers and state-of-the-art infrastructure. Condominiums, strategically situated in desirable locations, offer a fusion of opulence and comfort that entice both …

During the week of July 29 to Aug 5, the most profitable condo resale deal was at Maple Woods, where a three-bedroom unit on the first floor was sold for $3.26 million. This translates to $2,117 per square foot. The unit, which is 1,539 square feet, was purchased by the seller in January 1999 for $1 million, or $650 per square foot. This means that the seller profited $2.26 million, or had a capital gain of 226%. This also reflects an annualized profit of approximately 8.7% over a holding period of nearly 27 years.

This sale is the sixth biggest gain ever recorded for a unit at Maple Woods. The record for the highest profit belongs to a 2,551-square-foot, four-bedroom unit that was sold for $5.45 million, or $2,136 per square foot, on May 2. The seller, who bought the unit in January 2004 for $1.46 million, or $572 per …