Month: November 2024

Launched two weeks ago, the Emerald of Katong, built by Sim Lian Group, has been a major success, with 99% of its 846 units sold in just three days. As of November 30, 825 of the units, which account for 97.5% of the total units, have been sold, achieving an average price of $2,617 per square foot (psf). The only lagging factor is the shortfall of 13 units due to buyers backing out of their initial purchases after the launch weekend. The launch began with VIP and multiple-unit sales on November 15, followed by public sales over the weekend of …

The real estate market in the Asia Pacific region continues to perform better than its global counterparts, with a higher growth rate in real GDP compared to the US and Europe, according to Savills Research’s global outlook report for 2025 released on November 28.

Paul Tostevin, Head of World Research at Savills, says that after five years of uncertainty, there is now more stability and confidence in the economic outlook. This is expected to boost investment and activity in the real estate market.

In the first three quarters of 2024, Apac saw a 4% increase in investment volumes, reaching US$108.7 …

Investors should carefully consider the maintenance and management aspects when purchasing a condo. This is because condos usually come with maintenance fees that cover the upkeep of shared spaces and amenities. While these fees may increase the total cost of owning the property, they also guarantee that the condo maintains its value and remains in good condition. One way to ease the burden of managing a condo is by hiring a property management company. This allows investors to have a more hands-off approach to their investment, making it a passive venture. To explore potential Singapore projects, visit thebellegame.com.

Hill …

In a move to support property owners and mitigate cost-of-living concerns, the government has announced a one-off property tax rebate for owner-occupied HDB flats and private residential properties in 2025. The rebate will be 20% for HDB flats and 15% for private residential properties, with a cap of $1,000 for private property owners.

Property tax is calculated based on a property’s annual value, which is an estimate of the annual rent a property can command if it were to be rented out.

This announcement was made on Nov 29, in preparation for the increase in annual value bands for owner-occupied …

Aurico Global, led by CEO and executive chairman Jason Ng, has quickly risen to success in the past two years, reaching $52 million in assets under management. Ng’s journey in property investment began in 1993, driven by a desire to provide for his family. Growing up in a rental flat, Ng worked hard to save enough capital for his first investment in a three-bedroom apartment. This sparked his interest in real estate, and he expanded his portfolio over the years.

When it comes to investing in real estate, location is a crucial factor to consider, and this is particularly important …

Purchasing a condominium is a significant financial decision that requires thorough planning, especially when it comes to financing. In Singapore, there are several mortgage options available, but it is crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take based on their income and existing debt obligations. To ensure wise and informed financing decisions, it is vital for potential investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers. Doing so can prevent them from becoming over-extended and maximize their …

Hong Lai Huat, a company listed on the mainboard, has recently formed a strategic partnership with co-living operator The Assembly Place. Under the terms of the agreement, The Assembly Place will be responsible for managing Hong Lai Huat’s real estate and property development projects in Cambodia. This partnership also marks the introduction of the co-living concept in Cambodia for the first time.

In a joint announcement made on Nov 28, both companies stated that they will work together to finalize the key objectives of their partnership within the next 60 days. These objectives include conducting feasibility studies for the fitting …

When considering the purchase of a Singapore condo, it is crucial to also take into account the maintenance and management of the property. Along with the initial price, condos often come with maintenance fees that cover the upkeep of common areas and facilities. These fees may increase the overall cost of ownership but they also ensure that the property is well-maintained and retains its value. To simplify the management process, investors can enlist the help of a property management company, making it a more passive investment.

CBRE, a global real estate services firm, announced on November 27 that Michael …

Singapore, known as the Lion City, has once again made its mark on the global stage by ranking as the sixth-highest city in the world in terms of branding. This recognition comes from the Brand Finance Global City Index, published by a London-based brand evaluation and strategy consultancy.

The index, which measures brand power and perceptions, was based on a worldwide survey conducted across 15,000 individuals in 20 countries in September. Cities were ranked based on key performance indicators that illustrate how they are perceived as an ideal place to live, work, study, visit, retire, and invest in.

Respondents were …

During its investor day on November 22, CapitaLand Investment’s (CLI) management announced its plans to expand its business in Australia. The company has recently appointed two senior hires to newly created roles in order to strengthen its talent bench and drive growth in its focus market. Angelo Scasserra has been appointed as the CEO of CLI Australia, while Rahul Bharara will take on the role of Chief Investment Officer. They are expected to join the company in the first half of 2025.

Additionally, CLI has announced its intention to invest up to A$1 billion ($876.7 million) to grow its funds …