Condo Belle

CapitaLand Investment Limited (CLI) is expanding its presence in Australia with the recent acquisition of Wingate Group Holdings’ property and corporate credit investment management business for A$200 million ($173 million). This move will increase CLI’s total funds under management (FUM) in Australia to A$8.3 billion, representing a 30% increase from its current FUM in the country.

CLI has set a target of reaching $200 billion in FUM by 2028 and has committed A$1 billion to grow its FUM in Australia, a market that the company has recently refocused on after divesting its assets a decade ago in favor of faster-growing …

Investing in real estate is a decision that should not be taken lightly, and location plays a significant role in its success. This is particularly evident in Singapore, where the right location can greatly impact the value of a property. Condominiums situated in central areas or in close proximity to important amenities like schools, shopping malls, and public transportation hubs have shown a higher appreciation in value over time. Some prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently seen an increase in property values. Families with children also consider the …

Grange 1866, a freehold development, has set a new record for condos in the week of Nov 22 to 29 with a psf price of $3,393. The previous record of $3,390 psf was set by the same project in June last year with a 764 sq ft unit selling for $2.59 million. This time, the new record was set by the sale of a two-bedroom unit measuring 818 sq ft for $2.78 million.

With an average price of $3,181 psf, Grange 1866 has already seen 12 new sales transactions this year. The most expensive unit transacted this year was a …

The global real estate market saw a positive turnaround in the second quarter of 2024, ending two years of consecutive losses and indicating a possible recovery. Low interest rates had led to a surge in real estate values, with global total returns reaching 5.0% in the fourth quarter of 2021 and 17.8% year-on-year in the first quarter of 2022 – well above long-term averages.

However, the subsequent tightening cycle resulted in a decline in values, bringing them back to 2018 levels globally. Now, we believe that the correction in the real estate market is almost complete, making it an opportune …

An apartment at Island View, a freehold condo in Pasir Panjang, sold for $4.8 million, making it the most profitable condo resale transaction during the week of Nov 26 to Dec 3. The 3,498 sq ft unit was sold for $1,372 psf on Nov 27, and the seller had purchased it in September 2005 for $1.3 million, at $372 psf. This represents a gain of $3.5 million or 269%, with an annualized profit of 14.2%.

The transaction on Nov 27 sets a new record profit at Island View, surpassing the previous record of $3.19 million made from the sale of …

Ashish Manchharam, a seasoned real estate and hospitality expert, has been named as a board director for flexible living platform Cove. This Singapore-based company has been experiencing rapid growth, with over 6,000 rooms in Singapore and Indonesia since its inception in 2018.

Manchharam brings a wealth of experience to the table, having successfully founded and developed 8M Real Estate into a $1.5 billion portfolio over the span of 10 years. In 2023, he made the decision to exit 8M Real Estate and established Elevate Capital, which focuses on lifestyle-oriented real estate investments.

Investing in real estate requires careful consideration of …

William Liem, the CEO of Tuan Sing Holdings, has once again increased his stake in the company. Through Nuri Holdings (S), he bought 545,300 shares from the open market on Dec 5, at a price of 25 cents each, amounting to $136,325.00. The following day, Nuri Holdings purchased an additional 1.2 million shares for approximately 25.9 cents each, which cost around $311,288.50.

The government’s property cooling measures must be taken into consideration when investing in a Singapore Condo. In an effort to maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented various measures …

The manager of AIMS APAC REIT (AA REIT) has announced that the REIT’s trustee, HSBC Institutional Trust Services (Singapore) Limited, has recently entered into a sales and purchase agreement with Crown Worldwide for the divestment of their property located at 3 Toh Tuck Link.

One important factor to consider when investing in condos in Singapore is the impact of the government’s property cooling measures. Throughout the years, the Singaporean government has implemented several measures to prevent speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign …

Investing in a condo has its advantages, one of them being the opportunity to leverage the property’s value for future investments. A common practice among investors is using their condos as collateral to secure more funding for new ventures, allowing them to broaden their real estate portfolio. While this approach can lead to higher returns, it also carries certain risks. Therefore, it is crucial to have a solid financial plan in place and carefully consider the potential effects of market fluctuations. If you are considering investing in a condo, you may want to explore options in Singapore Condo for potential …

Perennial Holdings and Far East Organization unveiled the next chapter in the former Golden Mile Complex’s history at a press conference on Dec 10. The development partners presented their vision for the refreshed conservation building and announced the preview of the strata-titled commercial units.

The entire development, known as Golden Mile Singapore, will be Singapore’s first large-scale conserved building to feature a tropical linear urban complex with brutalist architecture.

The building, now renamed as The Golden Mile, will be transformed into a commercial development that includes 156 Grade A office units, 19 medical suites, a two-storey retail component spanning 123,388 …