Category: Uncategorized

The government has made an important announcement regarding the Central Business District Incentive (CBDI) and Strategic Development Incentive (SDI) schemes. These schemes, first introduced in November 2019, have been extended for the next five years. Minister of National Development (MND), Desmond Lee, shared the news at the recent Real Estate Developers’ Association of Singapore (Redas) annual Spring Festival lunch on Feb 7th.

The CBDI scheme aims to promote the conversion of older office buildings in certain areas of the Central Business District (CBD) into mixed-use developments. These areas include Tanjong Pagar, Robinson Road, and Shenton Way. The goal is to …

Perennial Holdings and Far East Organization have announced their latest project, Aurea, a luxury apartment tower located in the Golden Mile Singapore mixed-use development along Beach Road. This 45-storey tower, designed by DP Architects, offers 188 units and sits on a sprawling 144,908 sq ft site.

Set to launch on March 8, Aurea has already received much interest due to its prime location in District 7, which falls within the Core Central Region (CCR) of the Downtown Core. The development boasts a link bridge connecting it to The Golden Mile, a commercial building that houses retail spaces, medical suites, and …

Perennial Holdings and Far East Organization have announced plans for Aurea, a luxury apartment tower located within the Golden Mile Singapore mixed-use development on Beach Road. The 45-storey tower, designed by DP Architects, will feature 188 units and occupy a site area of 144,908 sq ft. It will also have a link bridge connecting it to the neighbouring The Golden Mile, a commercial building with a mix of retail space, medical suites, and offices.

The Golden Mile, formerly known as Golden Mile Complex, is a conserved building with a rich architectural heritage. It is also the first collective sale and …

MCL Land and CSC Land Group are gearing up to launch their latest project, Elta – a 501-unit residential development in the Clementi neighborhood. The property has been scheduled for preview on February 7 and will be open for public sales starting February 22.

Located on a 99-year leasehold land covering an area of approximately 144,788 sq ft, Elta consists of two 39-storey residential buildings. The units range from one-bedroom-plus-study to five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. The development will be built in accordance with URA’s harmonisation guidelines, as stated by the joint …

Two-storey industrial building near Tuas Second Link on sale for $8mJTC launches tender for two industrial sitesJTC launches two Industrial GLS sites for 1H2020version:A state-of-the-art warehouse and factory, situated in the prime location of Gul Circle, is now available for purchase through an expression of interest with a recommended price of $42 million, according to the exclusive marketing agent, Knight Frank Singapore.The facility boasts a five-storey single-user warehouse and factory leased by JTC, along with a mezzanine consisting of four floors. With a total gross floor area spanning approximately 245,955 sq ft, this property offers expansive space for industrial operations.The …

Singapore’s urban landscape is distinguished by its towering skyscrapers and cutting-edge infrastructure. The city’s premium locations are home to a variety of Condos that offer a harmonious mix of opulence and convenience, making them a popular choice for both locals and foreigners. These residences are equipped with a plethora of facilities, including swimming pools, fitness centers, and round-the-clock security, which elevate the standard of living and make them highly desirable to potential tenants and buyers alike. Not only do these features enhance the overall living experience, but they also result in higher rental returns and increased property values for investors …

The Tan Boon Liat Building, a commercial property situated at 315 Outram Road, is currently available for sale through a collective tender at a reserve price of $1.15 billion. This freehold property is strategically located next to the upcoming Havelock MRT Station on the Thomson-East Coast Line, and occupies two separate land plots that are zoned for “Business 1” use. The total site area is approximately 175,655 sq ft.

The property, which is currently home to a 15-storey building known for its various furniture and home decor stores, is being marketed and advised by Cushman & Wakefield. According to the …

Park Nova’s Largest Penthouse Sets New Price Record

To sum it up, opting to invest in a Singapore Condo presents a multitude of benefits. These include a strong demand, potential for growth in value, and attractive rental returns. Nevertheless, it is crucial to carefully assess crucial elements such as location, financing options, government regulations, and market conditions. With thorough research and guidance from experts, investors can make well-informed decisions and maximize their profits in Singapore’s ever-evolving real estate landscape. Whether you are a local investor seeking to diversify your investment portfolio or a foreign buyer looking for a stable and …

CapitaLand Investment (CLI) has recently acquired a freehold land parcel in Osaka, Japan for the development of its first data centre in the country. This significant investment will amount to over US$700 million or $944.3 million, with a secured capacity of 50 megawatts (MW) for the project.

According to CLI, the new data centre will be equipped with advanced technologies, including artificial intelligence (AI) capabilities, as well as energy-saving solutions and temperature management processes. In line with the group’s commitment to environmental sustainability, the data centre will also use products with minimal environmental impact.

The demand for condos in Singapore …

CapitaLand Ascott Trust (CLAS) has recently made a significant acquisition in Japan, purchasing two freehold limited-service hotels for a total of JPY21 billion ($178.5 million). The two hotels, ibis Styles Tokyo Ginza and Chisun Budget Kanazawa Ekimae, are strategically located in Tokyo and Kanazawa respectively. The acquisition was made at an 8.3% discount to independent valuation.

On a pro forma basis for FY2024, the addition of these two hotels is expected to result in a distribution per stapled security (DPS) accretion of 1.6%. Additionally, the blended net operating income (NOI) yield for the acquisition is expected to be 4.3% in …