Condo Format Dynamics

On February 6th, Perennial Holdings and Far East Organization announced the launch of Aurea, a luxurious apartment tower as part of the Golden Mile Singapore mixed-use development on Beach Road. Developed by DP Architects, Aurea boasts 188 units across 45 storeys, occupying a site area of 144,908 sq ft. The tower will also feature a link bridge connecting it to the neighbouring commercial building, The Golden Mile, which offers a mix of retail space, medical suites and offices.

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It is crucial to carefully consider the maintenance and management aspects when investing in a condo. Along with the purchase price, buyers should also factor in the maintenance fees that cover the upkeep of shared spaces and amenities. These fees may increase the overall cost of owning a condo, but they also guarantee that the property remains well-maintained and retains its value. To make condo ownership a more passive investment, investors can enlist the services of a property management company. Additionally, incorporating information on upcoming New Condo Launches can also aid in making an informed decision.

Formerly known as Golden Mile Complex, The Golden Mile has been conserved for its architectural heritage and marked the first collective sale and conservation of a building. It was purchased en bloc by Perennial Holdings and Far East Organization for $700 million in May 2022.

Situated in prime District 7 of the Downtown Core and part of the Core Central Region (CCR), Aurea and The Golden Mile are expected to attract discerning individuals and families who appreciate an exclusive address in the heart of the city. Shaw Lay See, COO of Far East Organization’s sales & leasing group, anticipates strong interest from potential buyers.

The preview for Aurea, which is by appointment only, is set to begin on February 22nd, with the official launch scheduled for March 8th. Prices for the apartments start from $2,750 psf. For example, two-bedroom units spanning 646 sq ft are priced starting from $1.92 million ($2,972 psf).

Aurea offers a variety of unit types to cater to different lifestyles. There are 112 two- and three-bedroom apartments ranging from 635 sq ft to 1,001 sq ft, 56 four-bedroom units from 1,442 sq ft to 1,798 sq ft, and 18 five-bedroom units from 2,863 sq ft to 3,251 sq ft. In addition, there are two exquisite penthouses – a six-bedroom duplex spanning 5,608 sq ft and a six-bedroom triplex spread over 8,816 sq ft. Larger four-bedroom units and penthouses will feature private lift access, and the triplex penthouse will also have a private pool. These units are designed to cater to the affluent lifestyles of CCR homebuyers, according to Marcus Chu, CEO of ERA Singapore.

However, the majority of the apartments in Aurea are two- and three-bedroom units, making up 60% of the total. These units are expected to appeal to both homebuyers and investors, says Chu.

Residents of Aurea will have access to a host of facilities, including two infinity pools on levels three and 33, a gymnasium, a bouldering wall, spa facilities, an indoor lounge and multiple dining pavilions for hosting guests. The sky terraces on levels 17 and 33 offer stunning views of the CBD skyline, Marina Bay, and the Kallang waterfront.

Ken Low, Managing Partner of SRI, states that today’s homebuyers are looking for more than just a great location – they want a home that enhances their daily lives. Aurea ticks all the boxes, with its convenient location, well-thought-out design, and inspiring facilities and spaces.

In December 2024, the 156 strata office units and 19 medical suites at The Golden Mile were launched for sale. The joint venture partners, Perennial and Far East, plan to retain ownership of the revamped two-storey retail atrium to curate the tenant mix. Ismail Gafoor, CEO of PropNex, believes that the iconic status of the former Golden Mile Complex and the potential of its commercial space, especially office space, will attract buyers.

He adds that buyers nowadays prioritize quality projects near an MRT station and convenient access to essential amenities. The Golden Mile Singapore is just 1km from the Kallang Alive Precinct, Bras Basah-Bugis district, and a 10-minute drive from the CBD. Additionally, it also has easy access to major roadways such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE).

The last launch in the Beach Road neighbourhood of District 7 was the 558-unit Midtown Modern in 2021, which has been fully sold at an average price of about $2,825 psf and is expected to obtain TOP this year. The neighbouring 522-unit, The M, was launched in 2020 and is also fully sold at an average price of $2,528 psf, with completion in March 2024. Another project, Midtown Bay at Guoco Midtown, has 63% of its 219 units sold as of February 5th, at an average price of $3,090 psf.

Given Aurea’s prime location, upscale residences, and The Golden Mile’s Singapore architectural heritage, Gafoor estimates that the apartment units’ prices could cross $3,000 psf. He believes that there may be pent-up demand for new homes in the area, considering the success of past launches in the district. Therefore, he expects Aurea to garner significant interest from potential homebuyers and investors.

Aurea is set to be completed in the second quarter of 2029. Interested buyers can check out the latest listings for Aurea properties and other new launches. Ask Buddy for more information or to compare transaction prices and available units. For a comprehensive overview of the property market, take a look at the price trends of HDB, Condo, and Landed properties. You can also find out about recent condo sale transactions in District 7 and see project summaries for Aurea. If you are looking for a rental property in the area, browse through the available condo rental listings in District 7 on our website.…

Perennial Holdings and Far East Organization have announced the development of Aurea, a new luxury apartment complex located at Golden Mile Singapore on Beach Road. The project, which is part of the mixed-use development, will feature 188 units spread across a 45-storey residential tower. Designed by DP Architects, the tower occupies a site area of 144,908 sq ft and is slated to be completed in 2Q2029.

Aurea will be connected to the neighboring The Golden Mile – a commercial building featuring a mix of retail space, medical suites, and offices – via a link bridge. The Golden Mile, formerly known as Golden Mile Complex, has been conserved for its architectural heritage, making it the first collective sale and conservation of a building. The joint venture partners, Perennial Holdings and Far East Organization, had acquired the building en bloc for $700 million in May 2022.

Located in the prime District 7 of the Downtown Core and the Core Central Region, the project is expected to attract strong interest from discerning individuals and families who appreciate a prime Downtown Core address. Far East Organization’s chief operating officer, Shaw Lay See, highlights this as a key factor in the project’s potential success.

The preview for the appointment-only preview of Aurea is set to begin on Feb 22, followed by the launch on Mar 8. The apartments will have a starting price of $2,750 psf, with two-bedroom units measuring 646 sq ft starting from $1.92 million ($2,972 psf).

Aurea will offer a variety of unit types, including two- and three-bedroom units ranging from 635 sq ft to 1,001 sq ft (112 units), four-bedroom units from 1,442 sq ft to 1,798 sq ft (56 units), and five-bedroom units from 2,863 sq ft to 3,251 sq ft (18 units). The development will also include two exclusive penthouses: a six-bedroom duplex spanning 5,608 sq ft and a six-bedroom triplex spanning 8,816 sq ft. The larger four-bedroom and penthouse units will feature private lift access, with the triplex penthouse also coming with a private pool. The luxurious options are expected to complement the lifestyles of affluent homebuyers in the Core Central Region, according to Marcus Chu, CEO of ERA Singapore.

In December 2024, Perennial Holdings and Far East Organization launched 156 strata office units and 19 medical suites for sale at The Golden Mile. The joint venture partners plan to retain ownership of the revamped two-storey retail atrium to curate the tenant mix. The project’s potential for commercial space, especially office space, may also attract buyers, notes PropNex CEO Ismail Gafoor. He adds that today’s buyers prioritize quality projects in close proximity to an MRT station and convenient access to essential amenities. The Golden Mile is connected to the Nicoll Highway MRT station on the Circle Line via an existing overhead bridge.

Apart from the convenient location and easy access to major roadways like Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE), Golden Mile Singapore is also situated 1km from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-minute drive from the CBD.

The last launch in the Beach Road neighborhood of District 7 was the 558-unit Midtown Modern in 2021. All units at Midtown Modern have been sold as of Dec 2024, with an average price of about $2,825 psf. The project is scheduled for TOP sometime this year. The M, a neighboring 522-unit project, was launched in 2020 and is also 100% sold at an average price of $2,528 psf. Completed in March 2024, Midtown Modern precedes The M development.

The 219-unit Midtown Bay at Guoco Midtown was completed last year, with about 63% of the units sold since its debut in 2019 at an average price of $3,090 psf.

Given Aurea’s location, upscale residences, and Singapore’s architectural heritage at the Golden Mile, PropNex’s CEO Gafoor estimates that apartment unit prices could exceed $3,000 psf. He predicts that Aurea will attract healthy interest among prospective homebuyers and investors, given the pent-up demand for new homes in the area.

The project is expected to be completed in 2Q2029, offering a variety of luxurious facilities for residents, including two infinity pools on levels three and 33, a gymnasium, a bouldering wall, and spa facilities. There will also be an indoor lounge and multiple dining pavilions for hosting guests. Moreover, sky terraces on levels 17 and 33 are expected to provide panoramic views of the CBD skyline, Marina Bay, and the Kallang waterfront.

The demand for condominiums in Singapore continues to thrive due to the limited availability of land in this densely populated country. As the population continues to grow, Singapore faces the difficult challenge of finding suitable land for development. To address this issue, strict regulations have been put in place to manage land usage, creating a fiercely competitive real estate market. As a result, the prices of condominiums have steadily increased, making them a highly sought-after investment opportunity with the potential for significant value appreciation.

Ken Low, managing partner at SRI, notes that today’s homebuyers seek more than just a great location; they want a home that enhances their daily lives and is easy to get around. Besides, they also look for thoughtfully designed facilities and spaces that inspire, all of which the Aurea project offers, according to Low.…

Singapore, a bustling metropolis, is renowned for its cosmopolitan ambience, contemporary architecture and advanced facilities. The city boasts of soaring skyscrapers and state-of-the-art amenities, making it a highly coveted destination. Condominiums, situated in prime locations, offer a perfect blend of opulence and convenience, making them a sought-after choice for both locals and foreigners. These residential complexes are equipped with a plethora of lavish facilities, including swimming pools, fitness centers and top-notch security services, enhancing the living standards of its residents. As a result, they are an attractive option for potential renters and buyers. Furthermore, these condominium properties also provide a promising return on investment for investors, with the added advantage of property values appreciating in the long run. It is safe to say that investing in a condo in Singapore is a wise and valuable decision that offers numerous benefits.

MCL Land and CSC Land Group are getting ready to launch a new residential development, Elta, in Clementi with a total of 501 units. The public can get a sneak peek of the property from Feb 7, with official sales starting on Feb 22.

Covering a land area of approximately 144,788 sq ft, this 99-year leasehold development is situated along Clementi Avenue 1 and boasts of two 39-storey residential buildings. The units in this condo range from cozy one-bedroom-plus-study units to spacious five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. As per the joint developers, Elta will adhere to URA’s harmonisation guidelines.

For those interested, here’s what you need to know about available units and prices for ELTA. The indicative prices start from $1.158 million ($2,289 psf) for one-bedroom-plus-study units, $1.388 million ($2,261 psf) for two-bedroom units, and $2.198 million ($2,374 psf) for three-bedroom units, while four and five-bedroom units are priced from $2.798 million ($2,363 psf) and $3.888 million ($$2,189 psf) respectively.

The preview showflat for the residential development, located at Prince Charles Crescent, will showcase three unit layouts: a two-bedroom-plus-study unit that can be converted into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit designed for multi-generational living.

Elta’s location also offers the convenience of being within walking distance to Clementi MRT Station on the East-West Line, as well as being close to various dining and shopping options like The Clementi Mall, 321 Clementi, and Grantral Mall. Families with school-going children will also appreciate the proximity to reputable educational institutions such as Clementi Primary School, Pei Tong Primary School, Nan Hua Primary and High School, Anglo-Chinese School (Independent), and NUS High School of Math and Science.

Lee Tong Voon, CEO of MCL Land, shares that Elta is designed to provide an elevated living experience, with its tall towers strategically positioned to offer breathtaking views of the city, Pandan Reservoir, and the sea. Qian Liang Zhong, chairman of China Construction (South Pacific) Development Co (CCDC), the parent company of CSC Land Group, adds that Clementi is a popular and dynamic town that combines traditional shops with modern amenities, making it an ideal community to live in.

Expected to receive its temporary occupation permit in 2028, Elta will come equipped with 50 facilities spread over five zones, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner. So, mark your calendars for the preview on Feb 7 and the official launch on Feb 22, and don’t miss your chance to own a piece of this highly sought-after residential development.…

Reuben

Knight Frank Singapore, the exclusive marketing agent, is currently holding an expression of interest for a high-quality warehouse and factory located at Gul Circle. This property is available for sale for a guide price of $42 million.

The building comprises of a five-storey single-user factory and warehouse, with an additional mezzanine of four floors. With a total gross floor area of approximately 245,955 square feet, the property sits on a sizable site of 105,648 square feet. It is currently a JTC leasehold with a remaining tenure of 15 years and 11 months, as of Feb 1. The site is zoned as a Business 2 site under the URA Master Plan 2019.

When it comes to investing in a condo, securing financing is a crucial consideration. In Singapore, there are various mortgage choices available, but it is vital to have an understanding of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan a borrower can take based on their income and current debt commitments. Being knowledgeable about the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making well-informed decisions about their financing options and avoiding excessive borrowing. Additionally, visiting Singapore Projects can also provide helpful information for investors looking to finance their condo investment.

According to Knight Frank Singapore, the property is designed to cater to modern industrial needs, with features such as high ceilings for storage and operations, as well as cold rooms and heavy floor loading capabilities to accommodate various industries. In addition, the property boasts of nine 40-footer loading and unloading bays with dock levelers, as well as four cargo and service elevators.

Conveniently located near major expressways such as Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), as well as Joo Koon MRT station, the property boasts of excellent accessibility and connectivity.

Interested parties can submit their bids for the expression of interest exercise until March 18 at 3pm.…

When contemplating an investment in a condo, it is essential to evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the purchase price of the property. In Singapore, condo rental yields can significantly differ based on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those close to business hubs or educational institutions, offer more attractive rental yields. It is crucial to conduct comprehensive market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a specific condo property. When you invest in a condo, understanding its rental yield can greatly impact your investment decision.

The latest research report by Colliers predicts that there will be a moderation in industrial property prices and rents in Singapore this year as supply increases and demand weakens. According to the report, both annual rental and price growth are expected to slow down and range between 0% to 2%, compared to the 3.5% growth achieved in 2024.

Colliers attributes this muted outlook to data from JTC which indicates a market that is “losing steam”. The 4Q2024 data shows that the JTC All Industrial rental index has been growing for the 17th consecutive quarter, rising by 0.5% quarter-on-quarter and achieving a total growth of 3.5% in the whole year. However, this is significantly lower than the 8.9% rental growth seen in 2023. Similarly, the price index grew by 0.5% in 4Q2024, a decrease from the 1.2% growth recorded in the previous quarter. In 2024, industrial property prices rose by 2.1%, which is less than half of the 5.1% increase seen in 2023.

The report also notes that there is expected to be a surge in the supply of industrial space this year, with more than 2.5 times the amount of supply from last year being released. However, this is expected to taper off from 2026 onwards. The increase in supply, combined with cautious occupiers due to high interest rates and operating expenses, are expected to dampen rental growth.

The uncertain global markets resulting from heightened trade protectionism could also impact business confidence and investment decisions, further contributing to the weakening demand for industrial properties.

On a positive note, Colliers predicts that there will continue to be demand in the semiconductor, logistics, and advanced manufacturing sectors. As policies become clearer and market sentiments improve, the firm expects industrial leasing activities to gradually increase. This can also be attributed to the ongoing upturn in the chip cycle.

However, with the predicted moderation in rents and the increase in supply, this could be a good year for tenants as they have more options available in the market. The report also mentions that new industrial developments with modern specifications could encourage businesses to relocate from older manufacturing spaces to newer projects. Nicolas Menville, executive director and head of Singapore-based industrial clients for Colliers, also supports this view, saying that the increased supply of modern industrial spaces may attract businesses to relocate.

Overall, the report suggests that there may be a downward trend in industrial property prices and rents in Singapore this year, but there will still be some demand in certain sectors.…

The industrial property located at 315 Outram Road, known as Tan Boon Liat Building, is currently up for collective sale through public tender at a reserve price of $1.15 billion. The freehold site is situated next to the Havelock MRT Station on the Thomson-East Coast Line (TEL) and is made up of two land plots designated for “Business 1” use, with a combined area of approximately 175,655 sq ft.

At present, the property comprises of a 15-storey building that is renowned for housing numerous furniture and home decor stores. According to Cushman & Wakefield, the appointed advisor and marketing agent for the property, the Urban Redevelopment Authority (URA) has issued an Outline Planning Advice on January 22, recommending that the site be rezoned to “Residential with Commercial at 1st storey” with a plot ratio of 4.9, up from the current 3.1 ratio. This translates to a potential 50% increase in the total allowable gross floor area (GFA).

In addition, the URA has suggested the inclusion of several adjacent state land plots, which would add approximately 20,451 sq ft to the site, pending final survey and approval from the relevant authorities.

Cushman & Wakefield has estimated that the site could potentially yield a GFA of over 1.06 million sq ft, including the state land plots and any bonus GFA entitlement. The first storey of the development can accommodate a commercial GFA of up to around 16,146 sq ft.

Under the residential allocation, a minimum GFA of approximately 161,459 sq ft must be set aside for Serviced Apartments II (SA2), where a minimum stay of three months is required. The permitted heights for the new development range from 130m to 180m.

Acquiring a condo in Singapore offers numerous perks, and among them is the potential for lucrative capital appreciation. The nation’s strategic position as a leading business hub, coupled with its stable economic foundations, have resulted in a constant demand for real estate. As evidenced by its consistent growth in value, Singapore’s property market is a secure and profitable investment option. In particular, prime condo locations have shown remarkable appreciation over the years. By making strategic purchases and holding onto their properties for a substantial period, smart investors can enjoy significant returns. With the addition of a condo to their investment portfolio, individuals can tap into the potential for considerable growth in their capital.

Based on the reserve price, which includes land betterment charges on rezoning, the projected premium payable on the state land plots and the 10% bonus GFA for the residential portion, the estimated land rate comes to around $1,888 psf per plot ratio.

Recent industrial sales transactions at Tan Boon Liat Building indicate a potential interest from developers in the site (Source: EdgeProp Buddy).

Christina Sim, Senior Director of Capital Markets at Cushman & Wakefield, believes that the site will attract developers owing to its freehold tenure and prime location on the TEL, which is likely to appeal to homebuyers.

She also notes that the biggest advantage of the property is that there will be no Additional Buyer’s Stamp Duty (ABSD) levied on the purchase, as the original site has a “Business 1” zoning.

The tender for the property will close on March 18 at 3pm.

Ask BuddyCompare price trend of Condo new sale vs EC new saleMost unprofitable landed transactions in the past yearCondo projects with the most unprofitable transactionsPast Condo sale transactionsUpcoming new launch projectsCompare price trend of Condo new sale vs EC new saleMost unprofitable landed transactions in the past yearCondo projects with the most unprofitable transactionsPast Condo sale transactionsUpcoming new launch projects…

Park Nova, the highly anticipated luxury condo development, has set a new record for the highest transacted price in the project. The largest penthouse unit, situated on the 20th floor with five bedrooms and spanning 5,899 sq ft, was sold by the developer for a whopping $38.888 million, or $6,593 psf. The transaction was recorded in a caveat dated January 21 and can be found in the URA Realis database.

Investors looking to invest in a condo must also take into account the maintenance and management of the property. In addition to the purchase price, condos often come with maintenance fees that cover the cost of maintaining common areas and facilities. While these fees may add to the financial commitment, they are necessary for maintaining the property’s condition and ensuring its value in the long run. To further ease the burden of managing the property, investors may choose to engage a property management company. This allows for a more hands-off approach to investing and frees up time for other endeavors. Be sure to stay updated with New Condo Launches to make the most informed decisions for your investment portfolio.

This transaction marks both the absolute and psf price high for a unit at Park Nova, surpassing the previous records set by a 4,499 sq ft penthouse unit that sold in May 2021 for $26.026 million, or $5,784 psf. This also makes Park Nova the second-highest psf priced condo unit ever registered in Singapore, with the top spot currently held by a 3,089 sq ft, four-bedroom unit at The Marq on Paterson Hill that sold for $20.54 million, or $6,650 psf, back in 2011.

It is believed that the penthouse sold on January 21 may be part of a collection of properties that were linked to the $3 billion money laundering case and have been put up for sale. Previous reports stated that the penthouse had been sold in 2021 for $34.438 million, or $5,838 psf, but the recent transaction has surpassed that price significantly.

In the past month, a total of three units have been sold by the developer at Park Nova, with the other two units being a four-bedroom apartment measuring 2,906 sq ft on the 19th floor that sold for $16.59 million, or $5,708 psf, on January 17, and another four-bedroom unit measuring 2,896 sq ft on the 18th floor that was sold for $15.99 million, or $5,522 psf, on December 27, 2021.

Park Nova is a freehold luxury condo development with only 54 units, located at the prime junction of Orchard Boulevard and Tomlinson Road in District 10. Developed by Hong Kong’s Shun Tak Holdings, the condo received its temporary occupation permit in November 2021. For the latest listings and information on Park Nova properties, visit EdgeProp Buddy for more details.

If you are interested in Park Nova, you can also view the site plan and diagrammatic chart on the EdgeProp website, and compare the price trend between new launch condos and EC new sales. Additionally, you can generate a price trend graph for new launch condos in District 10 and get a project summary for Park Nova condo.…

CapitaLand Investment (CLI) has made another major investment in the data centre industry by acquiring a freehold land parcel in Osaka, Japan. The company plans to develop its first data centre in the country with a total investment of over US$700 million or $944.3 million. The project has secured 50 megawatts (MW) of power capacity and will be equipped with state-of-the-art technology and energy-saving solutions.

CLI believes that the data centre will not only support artificial intelligence (AI) capabilities, but also prioritize sustainability by implementing advanced cooling technologies and utilizing products with low environmental impact. Manohar Khiatani, senior executive director of CLI, states that this acquisition is in line with the company’s digitalisation investment theme and expands its presence in Japan, one of its key markets.

Japan’s data centre market is expected to witness significant growth, with a projected compound annual growth rate (CAGR) of 10% from US$23.8 billion in 2023 to US$38.7 billion in 2038. As the largest data centre market in Asia outside of China, with a capacity of 1.4 gigawatt, Japan has attracted major cloud service providers like Amazon Web Services, Google Cloud, Microsoft Azure, and Oracle. CLI’s Osaka data centre is strategically located in an established data centre cluster, making it well-positioned to capture demand from these providers.

Michelle Lee, managing director of private funds (data centre) at CLI, highlights the high demand for data centres and the strong interest from institutional investors. She adds that CLI has raised more than US$600 million for its data centre development funds in Asia since October 2020 and will continue to identify promising opportunities for its private fund investors.

With the addition of this data centre, CLI’s global portfolio now consists of 23 data centres across Asia and Europe, with about 800 MW of power and assets under management worth around $6 billion. The company remains committed to expanding its presence in the data centre industry and has already built a strong track record in the sector.

Investing in condominiums in Singapore also requires careful consideration of the government’s property cooling measures. To maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented several measures over the years. One of these measures is the Additional Buyer’s Stamp Duty (ABSD) which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. Although these measures may affect the short-term profit potential of Singapore condos, they ultimately contribute to the overall stability of the market, making it a secure investment environment.

CLI’s shares closed at $2.42 on Feb 3, a decrease of 4 cents or 1.63%.…

CapitaLand Ascott Trust (CLAS) has recently acquired two limited-service hotels in Japan, namely the ibis Styles Tokyo Ginza and Chisun Budget Kanazawa Ekimae, for a total of JPY21 billion ($178.5 million). This purchase was made at an 8.3% discount to the properties’ independent valuation.

The acquisition is expected to have a positive impact on CLAS’ financials. On a FY2024 pro forma basis, it is estimated to contribute a 1.6% increase in distribution per stapled security (DPS). Additionally, the blended net operating income (NOI) yield for the two hotels is projected to be 4.3% in FY2024. To mitigate risks posed by currency fluctuations, the acquisition was funded through JPY-denominated debt and funds generated from the sale of four properties in Japan.

The ibis Styles Tokyo Ginza is located in the bustling shopping and entertainment district of Tokyo. With 224 units, it is situated next to popular retail mall Ginza Six and the renowned Uniqlo flagship store. The iconic Ginza Wako clock tower is also within a short walking distance.

Meanwhile, the Chisun Budget Kanazawa Ekimae boasts 392 units and is situated in Kanazawa, a city in the northwest of Japan. Similar to Kyoto, this city is famous for its historical attractions, traditional gardens, and cultural heritage sites such as the Kanazawa Castle and Kenrokuen Garden.

For those interested in investing in Singapore, it is crucial to have an understanding of the relevant regulations and limitations regarding property ownership. In general, foreigners have more flexibility in purchasing condominiums compared to landed properties, which have more stringent ownership policies. However, it’s important to note that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their initial property acquisition. Despite this added expense, the steady and promising growth potential of the Singapore real estate market continues to make it an attractive option for foreign investors. Explore Singapore Projects today to learn more.

Including these two acquisitions, CLAS has completed investments of approximately $530 million in the past year. These purchases were made at higher yields compared to the divestments made during the same period, resulting in a boost to CLAS’ income distribution.

In addition to these recent acquisitions, CLAS also completed other investments in 2024, such as the Teriha Ocean Stage rental housing property in Fukuoka, Japan, and the lyf Funan Singapore hotel. These investments were made at higher yields and have helped to replace the income generated from the four divested properties.

In the same year, CLAS also completed over $500 million in divestments, resulting in a net gain of around $74 million. This reflects the successful execution of CLAS’ portfolio reconstitution strategy to enhance the quality of its assets and deliver stable returns to its Stapled Securityholders.

Serena Teo, CEO of CLAS’ manager, expresses her satisfaction with the acquisitions, stating that they are in line with CLAS’ strategy to improve the overall quality of its portfolio. She also highlights the significant increase in NOI yield for the two hotels compared to the previous divestments in Japan, showcasing the successful redeployment of funds into higher-yielding assets.

As of its latest closing, CapitaLand Ascott Trust’s unit price was at 90 cents.…

As part of its expansion strategy in the logistics sector and to increase its global presence, Mapletree Investments has recently completed two acquisitions worth an estimated total value of EUR315.1 million ($444.5 million). The group’s CEO of European commercial and logistics arm, Ralph van der Beek, says that the acquisitions are a reflection of their focus in this sector, as well as the expanding global footprint of the company. These acquisitions, comprising a total area of 256,000 square-metres, will form part of the seed assets for the second European logistics-focused fund by Mapletree. The group will launch this fund at an appropriate time, after achieving sufficient scale. “Logistics is an attractive sector with consistent demand from both occupiers and investors. With the growth of e-commerce, companies are taking measures to strengthen and expand their supply chains,” explains van der Beek. He further adds that these assets will provide stable and recurring returns for Mapletree over the long term.The property in the UK is located in Derby Commercial Park, providing easy access to major roads like the M1, A50 and A6. Situated near the city centre and the East Midlands Airport, this property has recently renewed its long-term lease with Mapletree. In Spain, the 10 warehouses are spread across core logistics hubs in Barcelona, Valencia and Madrid. They offer immediate access to the city centres with multiple transportation modes. These assets are in high demand from third-party logistics providers and manufacturers, owing to their close proximity to production facilities and investments in automation and fit-outs on site. With these acquisitions, Mapletree now has a total of 80 logistics assets across eight countries.

It is crucial to take into account the maintenance and management of a condo when making an investment decision. These types of properties usually require a maintenance fee to cover the upkeep of shared spaces and amenities. While this fee may increase the overall cost of ownership, it also guarantees that the property remains well-maintained and maintains its value. To make condo ownership a more effortless and passive investment, individuals can enlist the services of a property management company. Additionally, keeping an eye on new condo launches can also be a wise move when considering potential investments.…