Condo Belle

FREEHOLD B1 INDUSTRIAL BUILDING WITH 2 TENANCIES FOR SALE AT $ 6.3m

On December 4th, VisionPower Semiconductor Manufacturing Company (VSMC) made an important step towards their future by starting the construction of a new wafer manufacturing facility in Tampines. The groundbreaking ceremony marked the beginning of a US$7.8 billion ($10.5 billion) project, with the plant set to begin production in 2027 and reach a capacity of 55,000 wafers per month by 2029. This development is estimated to create 1,500 job opportunities. VSMC is a joint venture between Taiwan’s Vanguard International Semiconductor Corporation and the Netherlands’ NXP Semiconductors, with a shareholding …

to $2.4mil

In 2024, the property market experienced two drastically different periods. The first half of the year was slow, with boutique developments taking the spotlight and the lowest number of units launched for sale since the first half of 1996, according to data from Huttons Data Analytics. Sales volume followed the same trend, with only 1,889 units sold – the lowest since 1996.

The only exception was Lentor Mansion, a 533-unit development that saw a 75% take-up rate during its launch weekend in March. Other project launches in the first half of 2024 had relatively lackluster sales compared to …

Three of the top 10 best-selling new launches in 2024 were launched in November as upgraders dominate

Huttons Asia CEO, Mark Yip, reported that the Projects in the Rest of Central Region (RCR) and Outside Central Region (OCR) were the most successful new launches of 2024 in terms of sales volume. He attributed this to strong demand from upgraders, supported by a robust HDB resale market. As a result, three of the top 10 best-selling projects were launched in November.

Emerald of Katong was the top-selling project of 2024, with 99% of its units sold within just two days in …

August 2019: Surbana Jurong Oversees Enhanced Facilities Management for Jurong Island Surbana Jurong awarded contract to design and create Digital Twin for Jurong Island

Purchasing a condominium not only provides a place to live, but also offers a chance for individuals to enhance its value for future investments. This means that the condo can serve as collateral to obtain additional funds for other business endeavors, allowing investors to diversify their real estate portfolio. However, it is crucial to note that while this approach has the potential for higher returns, it also carries risks. It is important to have a well-thought-out …

Investing in a condo comes with a multitude of advantages, one of which is the opportunity to use the property’s value to secure additional investments. Numerous investors utilize their condo as collateral to obtain funding for new investments, thereby diversifying their real estate portfolio. While this approach can significantly increase profits, it is important to have a solid financial plan in place and carefully consider the potential effects of market fluctuations.

Strong sales at Midtown Bay, Meyer MansionMidtown Modern preview draws crowd of 500 for its virtual launch…

JadeScape, a 99-year leasehold condo located on Shunfu Road, recently made headlines with the sale of a six-bedroom penthouse for $10.15 million. This resale transaction, which took place during the week of Dec 3 to Dec 10, was the most profitable condo sale during that period.

The unit, spread out over a spacious 4,230 sq ft and located on the 23rd floor, was sold for an impressive $2,399 psf on Dec 9. The owner had originally purchased the unit from the developer in December 2019 for $5.8 million, at a rate of $1,371 psf. As a result, the seller was …

Dear investors, please be advised that CapitaLand Ascendas REIT (CLAR) has announced its plans to acquire DHL Indianapolis Logistics Center, a top-quality logistics property, from Exel Inc. d/b/a DHL Supply Chain (DHL USA) for an estimated price of $150.3 million. This acquisition presents a discount of 4.1% to the independent market evaluation of the property on January 1, 2025. After considering transaction-related fees and expenses of $1.7 million and an acquisition fee of $1.5 million paid to the manager, the total cost of the acquisition will be $153.4 million.

Investing in a Singapore condo offers many advantages, one of which …

Wee Hur Holdings Limited announced on December 16 that it has agreed to sell its portfolio of seven purpose-built student accommodation (PBSA) assets to Greystar for a total consideration of A$1.6 billion ($1.4 billion). The portfolio, spanning over 5,500 beds across various cities in Australia, will be transferred to Greystar, one of the largest operators of rental housing in the US. Wee Hur will retain a 13% stake in the assets through its subsidiary, Wee Hur (Australia).

According to the company’s CEO Goh Wee Ping, the sale of the PBSA portfolio is a strategic move that reflects the company’s resilience …

When contemplating an investment in a condo, it is essential to consider the potential rental yield. Rental yield refers to the yearly rental income as a proportion of the purchase price of the property. In Singapore, rental yields for condos can vary significantly, depending on various factors such as location, property condition, and market demand. Condos located in areas with a high demand for rentals, such as near business districts or educational institutions, typically offer a better rental yield. Conducting thorough market research and seeking advice from experienced real estate agents can provide valuable insights into the rental potential …

In November, URA data revealed that developers had sold a total of 2,557 new private homes, excluding executive condos (ECs). This marked a surge of 246.5% from the 738 units sold in October, and was a 226% increase from November 2023.

According to Christine Sun, chief researcher and strategist at OrangeTee Group, this was the highest monthly developer sales recorded since March 2013, when 2,793 units were sold, excluding ECs. Meanwhile, Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc (SRI), noted that this was the first time in over seven years that new home sales exceeded …