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Renowned property player and hotelier, Hotel Properties Ltd (HPL), is making big moves in the global market with the proposed purchase of InterContinental Auckland for NZ$180 million ($138.5 million). This significant acquisition not only marks HPL’s first investment in New Zealand, but also its second InterContinental hotel purchase, following the successful acquisition of InterContinental Maldives Maamunagau Resort.

According to JLL’s Asia Pacific Hotels & Hospitality Group, who advised on the transaction by New Zealand’s Precinct Properties, this off-market deal is the largest single hotel asset sale ever recorded in New Zealand.

In addition to this latest acquisition, HPL has also recently launched The Boathouse Tioman in Malaysia, a luxurious resort featuring 31 bungalows, and the 176-room The Four Seasons Hotel Osaka in Japan last year.

Driven by a skilled hospitality management team and strong partnerships with operators such as IHG Hotels & Resorts, HPL has expressed its plans to further expand its portfolio of luxury properties in key markets across the Asia Pacific region.

According to HPL Hotels and Resorts chairman Stephen Lau, the proposed purchase of InterContinental Auckland presents a rare opportunity to acquire a premium asset in New Zealand. The property is ideally situated in the heart of the vibrant NZ$1 billion Commercial Bay lifestyle precinct, which opened its doors in January 2024. With sweeping views of the Waitematā Harbour, the hotel’s 139 rooms offer a truly unique and desirable experience for guests.

And with the potential to expand to 190 rooms by repurposing existing office space, the property has ample potential to meet the growing demand for luxury accommodation in the area. With this strategic acquisition, HPL is cementing its position as a leader in the luxury hospitality market, and is poised for continued growth and success in the years to come.

When it comes to investing in Singapore’s real estate market, it is crucial for foreign investors to familiarize themselves with the regulations and restrictions surrounding property ownership. While foreigners have relatively fewer restrictions when it comes to purchasing condos, stricter rules apply to landed properties. However, it is worth noting that foreign buyers are required to pay an Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this additional cost, the stability and potential for growth in Singapore’s real estate market remains a strong draw for foreign investors who are looking to invest in condos.…

In the second half of 2024, institutional investments in Asia Pacific’s (Apac) real estate market reached a total of US$83.2 billion ($112 billion), representing a 6% increase year-on-year, according to research conducted by Colliers. This brings the full-year investments for the region to a total of US$155.9 billion in 2024, showing a 12% rise compared to the previous year. The data covers the top nine markets in the region, including Australia, Mainland China, Hong Kong, India, Japan, Singapore, South Korea, New Zealand, and Taiwan.

The considerable growth in investments highlights the resilience of the Apac real estate market and sets the stage for a strong 2025, according to Chris Pilgrim, Colliers’ managing director of global capital markets in Asia Pacific. Pilgrim also notes that domestic investors have played a significant role in driving growth in markets such as South Korea, Taiwan, and New Zealand, with local investors accounting for over 80% of real estate inflows in these countries during the second half of 2024.

The office sector was the largest contributor to the Apac investment volume, accounting for US$26.5 billion (32%) of the total in the second half of 2024. For the entire year, office investments amounted to US$51.4 billion, showing a 14% increase year-on-year. The industrial and logistics sector was the second most significant contributor, attracting US$22.6 billion in investments in the second half of 2024, representing 27% of the total. This brings the total investments in this sector to US$39.4 billion for the whole of 2024, showing a 29% increase year-on-year. The retail sector also experienced a significant rebound in the second half of 2024, recording US$15 billion in investments, driven by substantial deals in Australia and South Korea. For the whole of 2024, retail investments amounted to US$26.1 billion, showing a 27% increase compared to the previous year.

Investing in a condominium in Singapore has emerged as a top choice for both local and foreign investors. This can be attributed to the country’s strong economy, stable political climate and exceptional quality of life. The real estate market in Singapore presents a plethora of opportunities and condos, in particular, have gained popularity due to their convenience, top-notch amenities, and potential for significant returns. With many new condo launches happening, there is no shortage of options for those looking to make a savvy investment in Singapore. In this article, we will delve into the advantages, points to consider, and necessary steps to take when investing in a condo in Singapore.

Pilgrim believes that domestic capital will remain the dominant force in most markets in 2025. However, offshore investments are expected to increase, driven by growing investor confidence and attractive valuations. While investments in the office and industrial segments are expected to remain strong, Pilgrim also predicts that retail, hospitality, and alternative asset classes will gain momentum as investors take advantage of recovery momentum and evolving consumer trends. He concludes by stating that with a positive economic outlook and continued policy support, the Apac real estate market is set for sustained investment activity in 2025.…

for $391 mil

CapitaLand Investment Limited (CLI) has once again made its mark on the real estate industry, as its Group CEO, Lee Chee Koon, has been awarded the prestigious title of ‘Industry Figure of the Year’ for Asia Pacific at the PERE Global Awards 2024. CLI has also received the runner-up award for ‘Firm of the Year’ in Asia Pacific.

Hosted by a renowned London-based publication covering private equity real estate markets, the annual PERE awards seek to recognize influential firms, individuals, and outstanding deals from the previous year. The winners of the 2024 awards were handpicked by a judging panel of PERE journalists, marking a departure from the previous format where PERE shortlisted submissions and then opened the voting process to its readers.

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When contemplating a condominium investment, it is crucial to evaluate the potential rental returns. Rental yield refers to the yearly rental income as a percentage of the property’s acquisition cost. In Singapore, the rental yields for condos can greatly differ, depending on factors like location, condition of the property, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer better rental yields. To gain a better understanding of the rental potential of a specific condo, it is advisable to conduct extensive market research and seek advice from real estate agents. Additionally, exploring Singapore Projects can provide valuable insights into the rental prospects of a property.

In a press release issued on March 4, CLI attributed CEO Lee’s award to his role in driving the company’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region. Since taking over as CapitaLand’s Group CEO in September 2018, Lee has spearheaded several key moves including the acquisition of Ascendas-Singbridge in 2019 and the recent restructuring of CapitaLand Group, which saw the listing of CLI and the privatization of its real estate development arm, CapitaLand Development.

In 2024, CLI continued to make strategic investments by acquiring real estate investment manager SC Capital Partners Group and buying out Wingate Group Holdings’ property and corporate credit investment management business. The company is on track to manage $200 billion in funds by 2028. CLI’s success in the industry is a testament to Lee’s exceptional leadership and vision for the company’s growth and development.…

SC Capital Partners Group, a Singapore-based private equity real estate firm, recently announced the sale of its student accommodation asset in Sydney, Australia. The property is situated on Anzac Parade and Lorne Avenue in Kensington.

In a press release on March 3, the group revealed that it sold the asset at a considerable premium to its initial acquisition price and a 19% premium to its current book value. The University of New South Wales (UNSW) in Sydney was the buyer.

When it comes to investing in property in Singapore, it is crucial for foreign investors to have a solid understanding of the country’s regulations and restrictions. Fortunately, purchasing condos in Singapore is relatively straightforward for foreigners, unlike owning landed properties, which has more stringent ownership rules. However, foreigners must comply with the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their first property purchase. Despite this added expense, the Singapore real estate market’s stability and potential for growth continue to entice foreign investment. Interested investors can browse through Singapore Projects for more information and options.

The property was originally purchased by SC Capital Partners in 2016 for A$57 million. The purpose-built student accommodation spans 85,035 sq ft and features 233 beds, as well as a ground-floor commercial podium. Its proximity to the UNSW Kensington Campus, being within 600m, makes it an attractive option for students. The student accommodation is fully leased to UNSW, with a new 20-year master lease being signed in 2019.…

City Developments has been embroiled in an internal conflict between the executive chairman Kwek Leng Beng and his son, Group CEO Sherman Kwek. This has resulted in a significant dip in the company’s shares by 5.47% upon resumption of trading today.

Trading in the company’s shares had been put on hold since February 26th, when a results briefing was suddenly cancelled and news of the dispute between the father and son was made public. The company has released a statement saying that they will not be commenting on the validity of the allegations made, as they are currently the subject of ongoing court proceedings.

CDL has clarified that their business operations have not been affected by this issue and it is still running as usual. Sherman Kwek remains the Group CEO until a decision is made by the board to change the company’s leadership. However, analysts have downgraded their calls and lowered their target prices for CDL due to the ongoing tussle.

UOB Kay Hian’s Adrian Loh has downgraded the stock from “buy” to “hold” as the company’s financial results for FY2024 have fallen short of both his and consensus estimates. This news, coupled with the public dispute, has resulted in a negative impact on the company’s performance. Loh has reduced his target price from $7 to $4.60, which is based on CDL’s five-year average price-to-book (P/B) of 0.72 times.

DBS Group Research’s Derek Tan and Tabitha Foo have also lowered their target price for CDL from $10.50 to $6.70. They have, however, maintained their “buy” call as they believe that the fundamentals of the company remain strong and key management is still in charge. They also highlight that CDL is currently trading at an attractive valuation of 0.5 times P/B, which is below the lows seen during the Global Financial Crisis.

OCBC Investment Research has also maintained their “buy” call, but with a reduced fair value of $6.02, down from $6.57. They believe that the potential uncertainties surrounding CDL’s outlook and the ongoing dispute may have an impact on the company’s share price until the matter is resolved.

Investing in a condo comes with its own set of advantages, including the opportunity to leverage the property’s value to make further investments. In fact, many investors utilize their condos as collateral in order to secure additional financing for new ventures, allowing them to grow their real estate portfolio. This approach has the potential to greatly increase returns, but it also carries certain risks. As such, it is important to have a well-thought-out financial plan and carefully consider the potential impact of market fluctuations. Additionally, staying informed about new condo launches can provide valuable insights and opportunities for enhancing your investment strategy.

Citi Research’s Brandon Lee has a similar view and believes that the uncertainty may cause a short-term overhang on the company’s share price. However, he also notes that CDL is currently under-owned by investors, and any positive resolution could act as a major catalyst for the company’s share price in the long run.

JP Morgan analysts Mervin Song and Terence M Khi describe the internal conflict at CDL as a “dynastic discord” that has been building up for years. They hope for a positive resolution and a reconciliation between the family members, but have reduced their target price from $6.05 to $4.85, based on a 60% discount to their RNAV estimate of $12.10 per share.…

Elite UK REIT has sold Crown Buildings, Caerphilly, a vacant property located in Wales for GBP710,000, which is a premium of 18% from its valuation at the end of 2024. The sale was conducted by the trustee of Elite UK REIT, Perpetual (Asia) Limited, and was announced in a filing on March 3. The property was previously valued at GBP600,000, based on an independent appraisal done by CBRE. In 2023, the property was valued at GBP530,000.

Singapore’s cityscape showcases a plethora of towering skyscrapers and state-of-the-art infrastructure. These condos, strategically located in sought-after areas, offer a harmonious mix of opulence and convenience that appeals to both locals and foreigners. One of their biggest draws is the wide array of amenities they offer, such as well-maintained swimming pools, fully-equipped gyms, and top-notch security services, all of which greatly improve the standard of living and make them highly desirable for potential renters and buyers alike. In turn, these sought-after features also translate into higher rental returns and appreciation in property value for investors over time.

The proceeds from the sale of Crown Buildings, Caerphilly will be used to pay off the outstanding loans of Elite UK REIT. According to Elite UK REIT’s official website, the property has a total gross floor area of 20,712 square feet. This sale was possible due to the successful preferential offering of GBP28 million in January of 2024, which helped Elite UK REIT lower its leverage ratio from 50% to 43.4% by the end of 2024. Similarly, its net gearing ratio also decreased from 47.5% to 42.5%. The company does not have any debt maturing in 2025 or 2026, and the debt will only be due for refinancing in 2027.…

In Singapore, condo investment holds significant importance, but there are other factors that investors must consider, such as the government’s property cooling measures. In recent years, the Singaporean government has implemented various measures to prevent speculative buying and maintain a steady real estate market. These include the imposition of Additional Buyer’s Stamp Duty (ABSD), which results in higher taxes for foreign buyers and those purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment. As the market continues to evolve, it is crucial to keep up with new developments, such as the new launches of condos, to make informed investment decisions.

Mandarin Gardens, located along Siglap Road in District 15, recorded the most profitable condo resale transaction during the week of Feb 7 to Feb 14. The deal involved a 3,800 sq ft, four-bedroom unit that fetched $4.88 million, or $1,284 psf, on Feb 11. The eighth-floor unit had last changed hands for $1.05 million ($276 psf) in June 2003, resulting in a profit of $3.83 million for the seller, or 364.8% of their original purchase price. This translates to an annualised capital gain of 7.4% over 21½ years.Mandarin Gardens spans 17 blocks, ranging from nine to 23 storeys tall along Siglap Road in District 15. It is a 1,006-unit, 99-year leasehold development with about 56 years remaining on the lease. Condo units are a mix of one- to two-bedroom apartments from 732 sq ft to 1,001 sq ft and three- to four-bedroom units from 1,528 sq ft to 3,800 sq ft. It also has 11 strata commercial units.The Feb 11 transaction also set a new record for the most profitable sale at Mandarin Gardens. The previous record was held by a 3,068 sq ft, four-bedroom unit on the 20th floor that had fetched $4.1 million ($1,336 psf) in September 2021. This represented a profit of $2.7 million (193%) for the previous owners who had bought the unit for $1.4 million ($456 psf) in August 2001, translating to an annualised gain of 5.5% over 20 years.Prices at Mandarin Gardens have remained stagnant since September 2023 when the average resale price broke the $1,300 psf mark, according to EdgeProp Singapore’s analysis tools. The prices peaked at $1,316 psf in June 2024 before falling slightly to $1,310 psf as of Feb 25.The most recent unit sold on Feb 11 is one of 18 four-bedroom units at Mandarin Gardens. The last four-bedroom unit that changed hands at the condo was a similarly sized 3,800 sq ft unit on the ninth floor that fetched $4.26 million ($1,122 psf) in June 2023.Mandarin Gardens is situated on a 1.07 million sq ft site along Siglap Road in District 15. It is also close to several reputable schools, such as Victoria School, Ngee Ann Primary School, and St Patrick’s School.The second most profitable resale transaction recorded during the period in review was at Parvis, a freehold condo located along Holland Hill in prime District 10. The transaction involved a 2,260 sq ft, three-bedroom unit on the second floor that was sold for $4.78 million ($2,115 psf) on Feb 10.This unit had last changed hands in December 2009, at a slightly lower price of $2.78 million ($1,230 psf). Hence, the sellers made a profit of $2 million (71.9%) or an annualised gain of 3.6% over 15 years.Parvis is a 12-storey development comprising 248 residential units. Apartments are a mix of two-bedroom units ranging from 990 sq ft to 1,442 sq ft and three- and four-bedders measuring from 1,701 sq ft to 2,605 sq ft. Three- and four-bedroom penthouses have sizes ranging from 2,293 sq ft to 3,229 sq ft.According to EdgeProp’s analytical tools, the atmosphere in Parvis has been a mixture of profit and loss since its launch in 2007. While the second-floor unit was the second most profitable transaction in Parvis so far this year, the latest sale is not the first profitable transaction in 2020. On Jan 6, a 2,788 sq ft, four-bedroom unit on the 12th floor was sold for $6.1 million ($2,188 psf). The seller had bought the unit for $4.25 million ($1,524 psf) in 2011, making a profit of $1.85 million (43.5%) after 14 years, which is the fifth-most profitable transaction at Parvis to date.Parvis is also close to many good schools, such as Nanyang Primary School and Henry Park Primary School. It is a five-minute walk away from Holland Village MRT Station and a short distance away from Holland Village, where many restaurants and cafes are located.Meanwhile, the most unprofitable transaction between Feb 7 and Feb 14 was at Scotts Square, where a two-bedroom unit on the 28th floor was sold for $3.08 million ($3,252 psf) on Feb 13. The unit had last changed hands for about $3.83 million ($4,039 psf) in December 2007, resulting in a loss of $745,880 (19.5%) for the seller. This translates to an annualised loss of 1.3% over 17 years.Scotts Square is a mixed-use freehold development located along Scotts Road in the Orchard shopping belt. Completed in 2011, it has two luxury residential towers of 43 and 34 storeys with a total of 338 apartments and a four-storey retail podium.Prices at Scotts Square have been declining since its launch in 2007. Using a 12-month rolling average, prices peaked at $4,054 psf in July 2007 before reaching a floor of $3,330 psf in August 2020. Last month, the average price of resale units at Scotts Square was $3,398 psf.According to EdgeProp’s analytical tools, Scotts Square has recorded 69 unprofitable transactions since launching in 2007. Of them, 18 (26%) have resulted in a seven-figure loss. The most unprofitable transaction resulted from the sale of a 1,249 sq ft, three-bedroom unit that changed hands for $3.65 million ($2,923 psf) in February 2017. The sellers had bought the unit at launch in August 2007 for about $5.21 million ($4,171 psf), resulting in a loss of about $1.56 million (30%) over 10 years.The buyer profile for Parvis and Scotts Square is mainly made up of Singaporeans who are married, aged between 40 and 59 years old, and professionals or managers in the finance, insurance, and real estate sectors. Interested buyers for Mandarin Gardens are typically singles aged between 30 and 39 years old, and working in the real estate services or finance, insurance, and business services industries.

Mandarin Gardens has yet again set a record for the most profitable condo resale transaction during the week of Feb 7 to Feb 14. The development saw a 3,800 sq ft, four-bedroom unit being sold for $4.88 million, or $1,284 psf, on Feb 11. According to URA records, the eighth-floor unit was last sold for $1.05 million ($276 psf) in June 2003.

The sale resulted in a profit of $3.83 million for the seller, which is equivalent to 364.8% of their original purchase price. This translates to an annualised capital gain of 7.4% over 21.5 years. The condo has a total of 18 four-bedroom units, and the last one to be sold was a 3,800 sq ft unit on the ninth floor for $4.26 million ($1,122 psf) in June 2023.

Mandarin Gardens is a 1,006-unit, 99-year leasehold development located along Siglap Road in District 15. The project is spread across 17 blocks, ranging from nine to 23-storeys tall. Units are a mix of one- and two-bedroom apartments from 732 sq ft to 1,001 sq ft and three- to four-bedroom units from 1,528 sq ft to 3,800 sq ft. It also houses 11 strata commercial units.

The previous record for the most profitable sale at Mandarin Gardens was held by a 3,068 sq ft, four-bedroom unit on the 20th floor. It was sold for $4.1 million ($1,336 psf) in September 2021, resulting in a profit of $2.7 million (193%) for the previous owners. The unit was bought for $1.4 million ($456 psf) in August 2001, resulting in an annualised gain of 5.5% over 20 years.

Read also: Resale unit at Palisades makes record profit of $2.3 mil

Prices at Mandarin Gardens have been stagnant since September 2023, when the average resale price broke the $1,300 psf mark, according to EdgeProp Singapore’s analysis tools. The prices peaked at $1,316 psf in June 2024, before falling slightly to $1,310 psf as of Feb 25.

The second most profitable resale transaction during the period in review was recorded at Parvis, a freehold condo located along Holland Hill in prime District 10. On Feb 10, a 2,260 sq ft, three-bedroom unit on the second floor of the development was sold for $4.78 million ($2,115 psf). The unit was previously bought…

The top spot for highest psf-price sale in the private condominium market from Feb 7 to 16 was claimed by Hill House, as a two-bedroom unit on the eighth floor was sold by the developer for $1.54 million, setting a new record of $3,398 psf. This broke the previous peak of $3,378 psf set by another unit in the same development on Feb 11.A total of 72 units make up Hill House, a 999-year leasehold condo situated on Institution Hill, near River Valley Road. The project, which was launched in 2022, comprises of one-bedroom units ranging from 431 sq ft. There are also two-bedroom units of 452 to 624 sq ft, and three-bedroom units of 753 sq ft.In the same period, The Tresor, a 62-unit freehold condo on Duchess Road in District 10, saw a resale transaction of a 1,421 sq ft unit on the fifth floor for $3.73 million. This sets a new psf-price high of $2,625, surpassing the development’s previous peak of $2,501 set in March 2024. The Tresor is within walking distance of Tan Kah Kee MRT Station and amenities such as Coronation Shopping Plaza and Serene Centre.Jadescape, a 99-year leasehold development in District 20, also recorded a new psf-price high of $2,459 psf for a 1,259 sq ft unit on the tenth floor. The previous peak was $2,446 psf for a 1,647 sq ft unit in January. The project consists of 1,206 units across seven residential towers, with one- to five-bedroom apartments and two penthouses. It is located near Marymount MRT Station and amenities such as Sin Ming Plaza.In comparison to other condos within a 1km radius, Jadescape commands one of the highest average transacted prices, with units selling at $2,192 psf in the last 12 months. Conversely, other condos in the vicinity, such as the Tresalveo, 183 Longhaus, and Thomson V Two, have average transacted prices ranging from $1,712 to $1,912 psf. No new psf-price lows were recorded in the period under review.Photo: Macly Group

In the period from Feb 7 to 16, the sale of a two-bedroom unit at Hill House has topped the list of condos in the private market that achieved a new psf-price high. The 999-year leasehold development broke its own record by reaching $3,398 psf when a 452 sq ft unit on the eighth floor was sold by the developer 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 of the same size on the eighth floor was sold for $1.53 million.

Located at the top of Institution Hill, off River Valley Road, Hill House is a boutique condo comprising 72 units. It was launched in 2022 and consists of 40 one-bedroom units of 431 sq ft, 24 two-bedroom units ranging from 452 sq ft to 624 sq ft, and eight three-bedroom units of 753 sq ft. Its prime location in District 9 and 999-year leasehold tenure make it a highly desirable development.

According to URA caveats, as of February 16, 37 units (51.4%) at Hill House have been sold at an average price of $3,152 psf since its launch in November 2022. The construction is ongoing and is expected to be completed in the third quarter of 2026. Out of the eight units sold at Hill House this year, one was transacted on Feb 16. These eight units were sold at an average price of $3,190 psf. The highest-priced unit that has been sold so far is a 753 sq ft, three-bedroom apartment that fetched $2.39 million on Jan 5.

The second spot on the list of condos with a new psf-price high during the period in review goes to The Tresor, with a resale transaction of a 1,421 sq ft unit on the fifth floor being sold for $3.73 million on Feb 10. This has set a new high of $2,625 psf, beating the previous record of $2,501 psf which was achieved in March 2024 when a 1,399 sq ft, three-bedroom unit on the second floor was purchased for $3.5 million.

The Singaporean government has implemented several measures to regulate the condo investment market in the country. These measures aim to discourage speculative buying and promote a steady real estate market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they ultimately promote a secure investment environment in the long run. For more information on condo investment opportunities in Singapore, you can explore projects at Singapore Projects.

This resale transaction on Feb 16 marks the first in a year for The Tresor, according to caveats lodged. Prior to this, the most recent resale deal was for a 1,399 sq ft unit that was sold for $3.5 million ($2,501 psf) on March 4, 2024.

The Tresor is a freehold condo with 62 units located on Duchess Road, District 10. Completed in 2007, it consists of a mix of two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft. This development is also situated within five minutes’ walking distance of Tan Kah Kee MRT Station on the Downtown Line and is close to Coronation Shopping Plaza and Serene Centre. Other amenities nearby include Adam Food Centre and the Singapore Botanic Gardens.

In third place on the list of condos that achieved a new psf-price high is Jadescape, where a four-bedroom unit of 1,647 sq ft on the 22nd floor was sold for $4.05 million on Feb 7. This sets a new record of $2,459 psf at the District 20 development. Previously, the record price high at Jadescape was $2,446 psf when a 1,259 sq ft unit on the 10th floor was sold in January. The most expensive resale unit sold to date is a 4,230 sq ft, six-bedroom penthouse that fetched $10.2 million ($2,399 psf) in December 2024.

Jadescape is a 99-year leasehold condo that was completed in 2022. It consists of 1,206 units across seven residential towers, with one- to five-bedroom apartments ranging from 527 sq ft to 2,099 sq ft. There are also two penthouses of 4,230 sq ft. It is located at the junction of Marymount Road and Shunfu Road, close to Marymount MRT Station on the Circle Line and near amenities such as Sin Ming Plaza.

Data compiled on EdgeProp Research shows that Jadescape commands one of the highest average transacted prices among condos within a 1km radius. Its units had an average transacted price of $2,192 psf in the last 12 months. In comparison, other condos in the vicinity such as the Tresalveo on Marymount Terrace, 183 Longhaus on Upper Thomson Road, and Thomson V Two on Sin Ming Road had average transacted prices ranging from $1,712 psf to $1,912 psf across the same period. All three condos are freehold developments.

No new psf-price lows were recorded during the period in review. To view the latest listings for Hill House, The Tresor, and Jadescape, or to learn more about these properties, visit EdgeProp.sg.…

Chiu Teng Group’s new freehold development, CT Pemimpin, is set to be a game changer in land-scarce Singapore. As a renowned developer of high-quality commercial and industrial spaces, the launch of CT Pemimpin is expected to be a delight for property investors and business owners.

Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory that comprises 56 strata-titled units and three canteen units. The units on the first and fifth floors boast mezzanine floors with floor heights ranging from 5.6m to 7.35m.

One of the most attractive features of CT Pemimpin is its rare freehold status, which sets it apart from most industrial developments in the market that are limited to a 30-year or 60-year lease. This makes it an ideal investment asset for both investors and end-users, especially since commercial and industrial properties do not incur Additional Buyer’s Stamp Duty (ABSD).

When considering real estate investments, location plays a crucial role, and this is particularly important in Singapore. Condominiums situated in central areas or close to essential amenities like schools, shopping malls, and public transportation hubs tend to have a higher appreciation in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown strong growth in property values. Families also seek condos in these areas due to their proximity to reputable schools and educational institutions, making them even more desirable investments. In addition, be sure to keep an eye out for upcoming New Condo Launches in these sought-after locations.

CT Pemimpin also offers a generous one-to-one carpark ratio, with 59 carpark lots, including two electrical vehicle lots, three lorry lots, two handicapped lots and 34 bicycle lots. In addition, the development is served by two passenger lifts and a service lift, and every unit is equipped with its own private toilet for convenience.

According to Kelvin Fong, Deputy CEO of PropNex Realty, “Being a freehold development in a centralised location, CT Pemimpin is a good investment asset for both investors and end-users.”

The centralised location of CT Pemimpin adds to its appeal, as it is situated in District 20, a popular area for buyers and tenants. It offers easy access to a range of amenities in well-established townships like Bishan, Upper Thomson, and Ang Mo Kio. The development is also strategically located, with excellent accessibility and connectivity to all parts of Singapore through various public transport modes.

Doris Ong, Deputy CEO of ERA, notes that owning a freehold property in Singapore’s central region is not just a smart investment, but also a strategic business asset. “With a sought-after location, unparalleled connectivity, and long-term growth potential, CT Pemimpin is an impressive corporate address that makes it an ideal choice for businesses,” says Ong.

CT Pemimpin is located just a short walk from the Marymount MRT station, and is also accessible via the Upper Thomson and Bishan MRT stations. It is also easily accessible for motorists, being close to major expressways like the PIE and CTE. The development is a mere eight-minute drive from Novena and a 15-minute drive from Orchard Road. Additionally, the upcoming North-South Corridor, scheduled for completion in phases from 2027, will further enhance connectivity and reduce travel time.

The area surrounding CT Pemimpin offers a good mix of retail and dining options, with popular shopping hubs like Junction 8, Thomson Plaza, Velocity@Novena Square, AMK Hub, NEX, Woodleigh Mall, and Toa Payoh HDB Hub just minutes away. It is also close to reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College.

CT Pemimpin will also have a range of green features, such as end-of-trip facilities like shower rooms, bicycle racks, and storage lockers. Other eco-friendly features include a sky garden with two rooftop pavilions, and plans for rooftop solar panels and EV charging stations. The development will also feature water-saving fittings, motion-sensor lighting, and double-glazed windows in selected units, as well as a recycling corner.

Mark Yip, CEO of Huttons Asia, says that “with its focus on sustainability, CT Pemimpin aims to shape a greener and more committed future. Its superior specifications make it the perfect choice for various industries like e-commerce, media, telecommunications, and software development.”

Chiu Teng Group, established in 1999, is a reputable developer and builder with a proven track record in the industrial and commercial sectors. Previous successful developments include CT FoodNEX, CT Foodchain, The Creek@Bukit, Tagore8, and CT Hub & Hub 2.

The preview for CT Pemimpin will end on March 5, 2025. To secure your rare freehold industrial space, call 8100 8017 or visit Chiu Teng Group to arrange a viewing.…

ERA has announced the upcoming auction of a pair of adjoining retail units located on the third floor of Sim Lim Square. The auction, scheduled for February 27, will feature a total guide price of $3.38 million for the two units.

The larger unit, measuring 958 square feet, has a guide price of $2.08 million ($2,171 per square foot), while the smaller unit, measuring 570 square feet, has a guide price of $1.28 million ($2,246 per square foot). This is the first time these units will be featured on ERA’s auction listings, as they are currently being sold by the owner. They can be purchased together or separately.

According to Alison Lee, assistant vice president of auction and sales at ERA, the units are priced competitively below the market average to encourage a quick sale. Retail units at Sim Lim Square have transacted at an average price of $2,997 per square foot in the last 12 months, according to EdgeProp Singapore’s analytical tools. The most recent transaction at the development was for a 592 square foot shop on the ground floor, which was sold for $1.92 million ($3,241 per square foot) in December 2024.

In Singapore, investing in condos comes with an important consideration – the government’s property cooling measures. Over time, the Singaporean government has implemented different measures to control speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which levies higher taxes on foreign buyers and those buying multiple properties. Although these measures may affect the immediate profitability of condo investments, they also contribute to the long-term stability of the market, making it a secure investment environment. Additionally, Singapore Projects offer investors the opportunity to diversify their portfolio and take advantage of the country’s thriving real estate market.

Sim Lim Square is known as a tech hub, with a focus on electronics, gadgets, and computer parts. The development also houses a variety of other businesses, including eateries and traditional Chinese medicine shops. Both retail units currently for sale are tenanted and generate an estimated monthly rental income of $4.50 per square foot. Rental data compiled by EdgeProp Singapore shows that retail units at Sim Lim Square yield between $4.20 and $7.30 per square foot per month on a rolling 12-month average.

The owners of Sim Lim Square attempted a collective sale in April 2019, but the tender was launched at a reserve price of $1.25 billion and later relaunched in December 2019 at the same price without any success. A new collective sale committee is being formed to explore the possibility of another attempt in the near future.

Sim Lim Square, located on a 78,152 square foot site on Rochor Canal Road in District 7, was completed in 1987. It has a 99-year land tenure that began in 1983 and houses 492 retail and office units across six floors and two basement levels. It is within walking distance of Rochor and Jalan Besar MRT Stations and the Bugis MRT Interchange that connects the East-West and Downtown Lines.…