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for $700 mil

CapitaLand Investment Limited (CLI) has recently received the prestigious ‘Industry Figure of the Year’ for Asia Pacific at the 2024 PERE Global Awards. The annual event, organized by a London-based publication focusing on private equity real estate markets, recognizes outstanding firms, individuals, and noteworthy deals from the past year. CLI was also honored with the runner-up award for ‘Firm of the Year’ in Asia Pacific.

Investing in a condo is a crucial decision, and financing plays a significant role in it. In Singapore, there are various mortgage choices available, but it is crucial to understand the Total …

Singapore-based private equity real estate firm, SC Capital Partners Group, has recently announced the sale of its student accommodation asset in Sydney, Australia. The asset is located on Anzac Parade and Lorne Avenue in Kensington and has been sold at a significant premium to its initial purchase price, representing a 19% premium to its current book value. The University of New South Wales (UNSW) in Sydney is the buyer of this property.

SC Capital Partners had acquired the property in 2016 for a reported price of A$57 million. The purpose-built student accommodation spans over 85,035 sq ft and features 233 …

City Developments, a company currently embroiled in a legal battle between its executive chairman, Kwek Leng Beng, and his son, group CEO Sherman Kwek, saw its shares drop by 5.47% upon resumption of trading today. The trading in the company’s shares was halted on February 26th, when a results briefing was cancelled and news of the family dispute shocked the Singapore business community.

On March 3rd, CDL issued a statement saying that the company will not comment on the validity of the allegations made in the media, as they are currently the subject of ongoing court proceedings. The company also …

Elite UK REIT, a Real Estate Investment Trust based in UK, recently announced that its trustee, Perpetual (Asia) Limited, has successfully divested Crown Buildings, Caerphilly at Claude Road, Caerphilly for GBP710,000 ($1.2 million), which is an 18% premium over the property’s valuation.

In a filing with the bourse on March 3, the manager of Elite UK REIT stated that the vacant property was independently valued at GBP600,000 at the end of 2024 by CBRE. Located in Wales, Crown Buildings, Caerphilly was valued at GBP530,000 at the end of 2023.

The net proceeds from this divestment will be used to repay …

Mandarin Gardens, a 1,006-unit condo in District 15, recorded the most profitable resale transaction during the week of Feb 7 to Feb 14. The 3,800 sq ft, four-bedroom unit fetched $4.88 million, or $1,284 psf, on Feb 11. The previous owner had purchased the unit for $1.05 million ($276 psf) in June 2003, resulting in a profit of $3.83 million, or 364.8% of their original purchase price. This translates to an annualised capital gain of 7.4% over 21½ years.Mandarin Gardens, which spans 17 blocks ranging from nine to 23 storeys along Siglap Road, is a 99-year leasehold condo with about …

Hill House, a 999-year leasehold development located at the top of Institution Hill, off River Valley Road, recently achieved a new peak psf-price of $3,398. This came after a two-bedroom unit on the eighth floor was sold for $1.54 million on Feb 16. This transaction marginally surpassed the previous peak of $3,378 psf set on Feb 11, when another two-bedroom unit on the eighth floor was sold for $1.53 million.

Since its launch in 2022, Hill House, a 72-unit boutique condo in prime District 9, has proven to be a popular choice among buyers. It comprises 40 one-bedroom units of …

Chiu Teng Group has a strong track record of delivering top-notch commercial and industrial spaces in Singapore, and it continues to impress with its latest launch – CT Pemimpin. This new freehold development is sure to please property investors and business owners on the lookout for a prime piece of land in Singapore’s land-scarce market.

Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up B1 industrial building. It comprises of 56 strata-titled units and three canteen units, with floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors located on …

Two freehold shophouses in Geylang for sale at $2.45 mil eachSelect Group acquires shophouse in Balestier Road for $20 milA pair of adjoining retail units on the third floor of Sim Lim Square will be up for auction by ERA on February 27, with a collective guide price of $3.38 million.The first unit, measuring 958 square feet, is listed at a guide price of $2.08 million or $2,171 per square foot. The second unit is slightly smaller at 570 square feet, with a guide price of $1.28 million or $2,246 per square foot.AdvertisementAdvertisementThis owner’s sale marks the first time both …

Anderman Architects’ new design for 98-unit condo at Upper SerangoonThe EC market in review

As a retiree, Mr Chong has been able to help his three sons when they were setting up their own homes. His oldest son purchased a private condo, while his two younger sons bought executive condos (ECs). According to Chong, buying an EC at a new launch is an obvious choice. Even if you purchase one shortly after the five-year minimum occupation period (MOP), it’s still a good entry price. He has personally experienced this, as his second son bought a three-bedroom unit at Hundred Palms …

According to C9 Hotelworks, a well-known hospitality consultancy in Asia, the market value of branded residential projects in Asia has reached a record high of US$26.6 billion ($35.5 billion). This is attributed to the availability of more than 68,000 luxury units in the market.

Leading the way in Asia is Vietnam, with a total of 17,680 branded residential units across 59 properties. The average price per square foot (psf) of a branded residential unit in Vietnam is about US$350. In second place is Thailand, with 16,271 branded residential units across 65 properties. The average price of a branded residential unit …