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Month: March 2025

Institutional Investments Apac Real Estate 12 Us156 Bil 2024 Colliers

Posted on March 4, 2025

When it comes to investing in real estate, one cannot deny the importance of location. This is even more crucial in a city like Singapore. Condominiums that are strategically positioned in central areas or near necessary amenities, such as schools, shopping malls, and public transportation hubs, have a higher potential for appreciation in value. Prime locations in Singapore, including Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown a growth in property values. Singapore Projects are ideal examples of investment opportunities in these prime locations. Families, in particular, are drawn to these areas due to the proximity to top-notch educational institutions, making condominiums in these areas even more desirable and ensuring a strong investment potential.

In the second half of 2024, institutional investments in real estate in the Asia Pacific region reached a total of US$83.2 billion, a 6% increase from the previous year, according to research conducted by Colliers. This brings the total investments for the year to US$155.9 billion, marking a 12% increase from the previous year. The figures cover the top nine markets in the region, including Australia, Mainland China, Hong Kong, India, Japan, Singapore, South Korea, New Zealand and Taiwan.

This rise in investments is a testament to the resilience of the Apac real estate market and sets the stage for a strong 2025, according to Chris Pilgrim, Colliers’ managing director of global capital markets, Asia Pacific. He notes that domestic investors have been a key driving force in markets such as South Korea, Taiwan and New Zealand. In the second half of 2024, local investors accounted for over 80% of real estate inflows in these markets.

One of the major contributors to the investment volume in the Apac region was the office sector, which accounted for US$26.5 billion (32%) of the total volume in the second half of 2024. For the entire year, office investments reached US$51.4 billion, an increase of 14% from the previous year. Additionally, the industrial and logistics sector was the second largest contributor, with a total of US$22.6 billion in investments in the second half of 2024, accounting for 27% of the total investment volume. For the whole of 2024, investments in this sector reached US$39.4 billion, marking a 29% increase from the previous year.

The retail sector also saw a significant rebound, registering US$15 billion in investments in the second half of 2024, driven by substantial deals in Australia and South Korea. For the entire year, retail investments reached US$26.1 billion, marking a 27% increase from the previous year.

Pilgrim predicts that domestic capital will continue to dominate most markets in 2025, while offshore investments are expected to increase due to improved investor confidence and attractive valuations. He also believes that the office and industrial segments will continue to see strong investments, but that the retail, hospitality and alternative asset classes are also likely to gain traction as investors take advantage of recovery momentum and evolving consumer trends.

“With economic growth remaining robust and continued policy support, the Apac real estate market is expected to see sustained investment activity in 2025,” Pilgrim adds.…

Cli Group Ceo Lee Chee Koon Recognised Pere Global Awards

Posted on March 4, 2025

When purchasing a condo, it is crucial to take into account the maintenance and management of the property. Usually, condos have maintenance fees that encompass the maintenance of shared spaces and amenities. While these fees may increase the total ownership expenses, they also guarantee that the property stays in excellent condition and holds its value. Engaging a property management firm allows investors to delegate the day-to-day management of their condos, making it a less involved investment. Consider exploring New Condo Launches for more opportunities.

CapitaLand Investment Limited (CLI) CEO Lee Chee Koon has been recognized as the ‘Industry Figure of the Year’ for the Asia Pacific region at the 2024 PERE Global Awards. The prestigious annual awards, hosted by a London-based publication covering private equity real estate markets, honor influential firms, individuals, and standout deals from the previous year. In addition, CLI was awarded the runner-up prize for ‘Firm of the Year’ in the Asia Pacific region.

The winners for the 2024 awards were selected by a panel of PERE journalists, a departure from previous editions where PERE shortlisted submissions and then readers voted on them to determine the winners.

In a press release on March 4, CLI stated that Lee was recognized for his role in driving CLI’s transformational growth and significant impact on the private real estate industry in the Asia Pacific region. Since taking over as CapitaLand’s group CEO in September 2018, Lee has made key moves including the 2019 acquisition of Ascendas-Singbridge and the 2021 restructuring of the CapitaLand Group, which involved the listing of CLI and the privatisation of its real estate development arm, CapitaLand Development.

In 2024, CLI invested in real estate investment manager SC Capital Partners Group and acquired property and corporate credit investment management business from Wingate Group Holdings. The company aims to manage $200 billion in funds by 2028.

Read also: CLI to develop first data centre in Japan for total investment of $944.3 milAdvertisement

CLI has also raised RMB1 billion from its first sustainability-linked panda bond issue, further cementing its position as a leader in sustainable real estate development. In addition, the company posted earnings of $181 million in fiscal year 2023, a decline of 79% from the previous year, and acquired three properties in Singapore and Thailand, further expanding its real estate portfolio.…

Sc Capital Partners Sells Sydney Student Accommodation Asset

Posted on March 4, 2025

SC Capital Partners Group, a private equity real estate firm based in Singapore, has recently completed the sale of its student accommodation asset in Sydney, Australia. According to a press release on March 3, the group has sold the property, which is located on Anzac Parade and Lorne Avenue in Kensington, for a significant premium to the price it had acquired it for. This also represents a 19% premium to its current book value. The buyer of the property is the University of New South Wales (UNSW) in Sydney.

SC Capital Partners initially purchased the property in 2016 for A$57 million, as reported at the time of the acquisition. With this transaction, the group’s asset under management (AUM) will increase, with the current figures reaching $113 billion.

Investing in a condo in Singapore offers numerous advantages, one of which is the potential for capital appreciation. As a global business hub with a robust economy, Singapore enjoys a continuous demand for real estate, making it an ideal location for property investment. In recent years, the property market in Singapore has shown a steady rise, particularly in prime locations where condos have seen significant appreciation. Savvy investors who enter the market at the opportune time and hold onto their properties for the long term stand to reap substantial capital gains. With the launch of new condos, such as those showcased by New Condo Launches, the potential for capital appreciation in the Singapore condo market remains strong.

The student accommodation asset covers an area of 85,035 square feet and has a total of 233 beds. The ground floor of the building also features a commercial podium. It is strategically located within 600 meters of the UNSW Kensington Campus, making it a prime location for student accommodation. Currently, the property is fully leased to UNSW, which signed a fresh 20-year master lease agreement in 2019.…

Cdl Shares Resume Trading

Posted on March 3, 2025

CDL Shares Plunge Amid Internal Tussle

Shares of City Developments dropped significantly by 5.47%, or 28 cents, upon resumption of trading today. This comes as the company is facing an internal tussle between executive chairman Kwek Leng Beng and his son, group CEO Sherman Kwek, which has escalated to the courts.

The trading in CDL’s shares was halted on February 26, after the sudden cancellation of a results briefing. Within hours, news of the ongoing dispute dominated Singapore’s business community. The company released a statement on March 3, stating that it will not comment on the validity of the allegations made in the news reports as they are subject to the court proceedings. CDL also confirmed that its business operations remain fully functional and unaffected, with Sherman Kwek remaining as the Group CEO until a board resolution is made to change company leadership.

The ongoing boardroom-cum-family dispute has caused analysts to downgrade their calls and revise their target prices. Adrian Loh from UOB Kay Hian lowered his rating from “buy” to “hold”, citing that the company’s financial results for FY2024 missed both his and the consensus’ estimates. However, the main concern for investors is the ongoing leadership tussle, which makes it difficult for CDL to perform. Loh revised his target price from $7 to $4.60, based on 2 standard deviations below the company’s five-year average P/B ratio of 0.72 times.

In the past few years, the demand for condominiums has soared in Singapore, fueled by the limited land available in the country. The small landmass and growing population have made it challenging to find suitable areas for development, leading to a highly competitive real estate market. Strict regulations on land usage have only added to the difficulty, causing property prices to skyrocket. As a result, an increasing number of investors are turning to condos as a lucrative option, as they offer the potential for significant capital gains.

Derek Tan and Tabitha Foo from DBS Group Research see some potential in the situation, stating that while investor sentiment may be dampened in the short term, fundamentals of the company remain strong as key management continues to run the business. They also note that CDL is currently trading at an attractive valuation of 0.5 times P/B and 0.3 times P/RNAV, below the lows seen during the Global Financial Crisis. However, they have revised their target price from $10.50 to $6.70, based on a 60% discount to RNAV, compared to the previous valuation multiple of 35% discount. OCBC Investment Research has also maintained a “buy” call but with a reduced fair value of $6.02, down from $6.57, based on a wider RNAV discount of 60%.

In contrast, Brandon Lee from Citi Research believes that it is hard to quantify the potential impact of this dispute and that uncertainties over the board and company leadership could be a share price overhang in the short term. Nonetheless, he remains positive about CDL’s prospects, stating that the company is under-owned by investors and any positive resolution would be a major share price catalyst in the longer term. JP Morgan analysts Mervin Song and Terence M Khi also hope for a positive resolution and family reconciliation. However, they have revised their target price from $6.05 to $4.85, based on a 60% discount to their RNAV estimate of $12.10 per share.…

Elite Uk Reit Divests Vacant Wales Property 18 Above Valuation

Posted on March 3, 2025

Perpetual (Asia) Limited, the trustee of Elite UK REIT, has announced that it has sold Crown Buildings, Caerphilly, located on Claude Road in Caerphilly, for GBP710,000 which is equivalent to $1.2 million. This price includes an 18% premium.

In a filing on March 3, the manager of Elite UK REIT stated that the vacant property was valued at GBP600,000 at the end of 2024 based on an independent valuation conducted by CBRE. Crown Buildings in Caerphilly, Wales, was previously valued at GBP530,000 at the end of 2023.

The net proceeds from the sale will be used to repay Elite UK REIT’s outstanding borrowings. Crown Buildings, Caerphilly is listed on the Elite UK REIT website as having 20,712 square feet of gross floor area.

After a successful preferential offering worth GBP28 million in January 2024, Elite UK REIT was able to reduce its leverage ratio from 50.0% at the end of 2023 to 43.4% at the end of 2024. Net gearing also decreased from 47.5% at the end of 2023 to 42.5% at the end of 2024.

It is worth noting that there is no debt maturing in 2025 and 2026, and refinancing is not due until 2027.

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In summary, the acquisition of a Singapore Condo offers a multitude of benefits, including strong market demand, potential for appreciation in value, and favorable rental yields. However, it is crucial to carefully evaluate crucial aspects such as location, financing options, governmental regulations, and current market conditions. By conducting thorough research and consulting with experts in the field, individuals can make well-informed decisions and maximize their profits in Singapore’s ever-evolving real estate industry. Whether a local investor seeking to diversify their portfolio or a foreign purchaser in search of a stable and lucrative investment, Singapore Condos present an exceptional opportunity. Singapore Condo should definitely be at the top of your list when considering investing in the country.…

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