Condo Belle

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 …

Malaysian property developer, UEM Sunrise, and Singapore-listed GuocoLand have recently signed the first Johor-Singapore Special Economic Zone (JS-SEZ) Memorandum of Understanding (MOU) between two private companies, according to a press release on Feb 27. This partnership aims to jointly develop UEM Sunrise’s selected freehold land in Iskandar Puteri, Johor in order to accelerate growth within the JS-SEZ. The signing ceremony took place at the inauguration of UEM Sunrise Gallery Iskandar Puteri, a showcase of the company’s vision for Iskandar Puteri.

Iskandar Puteri, which is Flagship Zone B of the JS-SEZ, has a focus on various sectors such as manufacturing, business …

UEM Sunrise, a Malaysian property developer, and GuocoLand, a Singapore-listed company, have recently signed a memorandum of understanding (MOU) to jointly develop UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor. This is the first MOU between private companies from Malaysia and Singapore for the Johor-Singapore Special Economic Zone (JS-SEZ). The signing of the MOU took place on Feb 27, along with the opening of UEM Sunrise Gallery Iskandar Puteri, which showcases the group’s vision for the development.

Iskandar Puteri is part of Flagship Zone B of the JS-SEZ and focuses on various sectors such as manufacturing, business services, education, …

Main image: The two Chinese real estate groups, Xiamen ITG Real Estate Group and Gemdale Corporation, have partnered with Frasers Property to acquire a residential site in Shanghai, China at the cost of RMB815.2 million ($151.9 million).

Frasers Property has recently announced a partnership with two major Chinese real estate groups for the acquisition of a residential site in Shanghai, China. The joint venture (JV) partners were able to secure the site for RMB815.2 million (approximately $151.9 million) through a successful tender from the Shanghai Municipal Bureau of Planning and Natural Resources.

The other JV partners in this venture include …

Investing in a condo in Singapore has emerged as a favored option for both local and foreign investors, thanks to the city-state’s thriving economy, sound political climate, and exceptional quality of life. With its dynamic real estate market, Singapore presents a range of opportunities, with condos being particularly attractive for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, considerations, and necessary steps involved in investing in a Singapore condo.

Kwek Leng Beng, executive chairman of City Developments (CDL), issued a second statement on Feb 27 stating that the “serious lapses” of …

10h ago Colliers is expanding its occupier services team across Asia Pacific with two new appointments, according to a Feb 25 release. Leanne Chin is the new director of regional tenant representation for Asia Pacific, while Ali Porter has been appointed as director of enterprise clients for Hong Kong.Chin, who will be based in Colliers’ Singapore office, brings over 20 years of experience in commercial real estate, having previously held positions at CBRE and Savills. In her new role, she will be responsible for driving the growth of Colliers’ regional tenant representation services and providing strategic solutions for clients in …

JLL, the sole marketing agent for Ching Shine Industrial Building, has announced that the freehold property is up for collective sale by tender at a minimum price of $113 million. With a 100m frontage along Shaw Road, the building comprises of 52 strata units and sits on a land area of 49,308 sq ft with a gross floor area of approximately 137,341 sq ft.

Built in the early 1980s, the building is zoned as “Business 1” and has a gross plot ratio of 2.5 under the URA Master Plan 2019. According to JLL, more than 80% of the owners have …

When making the decision to invest in a condo, it is crucial to take into account the maintenance and management of the property. In most cases, condos come with monthly maintenance fees that are used for the maintenance and upkeep of common areas and facilities. While these fees may increase the overall cost of ownership, they also guarantee that the property is well-maintained and maintains its value. Investors can opt to engage a property management company to handle the day-to-day management of their condos, making it a more hands-off investment. For more options, you can check out Singapore Projects, …

Singapore’s leading real estate agency, PropNex, has announced a profit of $21.9 million for the second half of the financial year 2024 which ended on December 31, 2024. This represents a decline of 14.9% from the previous year. The company’s full-year earnings also declined by 14.4% to reach $40.9 million compared to the preceding financial year, FY2023.

The decrease in revenue by 6.6% in FY2024, as compared to FY2023, is attributed to the subdued property market. Despite this, in celebration of its 25th anniversary, PropNex plans to distribute a special dividend of 2.5 cents per share, in addition to a …