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The article discusses the experiences of retiree Mr Chong and his three sons when it comes to purchasing properties. Mr Chong provided financial support for his sons when they were setting up their homes. His eldest son bought a private condo, while his younger sons opted for executive condos (ECs).

According to Mr Chong, buying an EC during its launch is a wise decision, even if you sell it shortly after the five-year MOP. He has experienced this scenario himself, as his second son bought a three-bedroom unit at Hundred Palms Residences during its launch in July 2017. The project received 2,000 e-applications and was completely sold out on the first day at an average price of $841 psf. The EC, located on Yio Chu Kang Road, was completed in 2019 and has seen a price gain of 110% in just eight years, with units selling at an average price of $1,769 psf based on caveats lodged in January and February 2025.

Mr Chong further mentions that the recent capital gains may have motivated many to upgrade to private housing. In his family’s case, they sold their 1,260 sq ft three-bedroom unit at The Interlace in 2017, which was their family home for the past decade. In 2021, they purchased a 1,399 sq ft four-bedroom dual-key unit at Twin Fountains, an EC in Woodlands developed by a joint venture between Frasers Property and Lum Chang. The development was launched in 2013 and completed in 2016. As ECs are only available to Singapore citizens and PRs at launch and after the five-year MOP, Mr Chong now has his own privacy in the one-bedroom studio while his son and family occupy the three-bedroom apartment. The dual-key unit provides separate entrances for each apartment.

Despite the higher upfront costs, Mr Chong is not deterred by the rising prices of ECs. He points out that the recent resale prices at Twin Fountains are 30% higher than the prices they bought at, and even higher than the recent launch of Norwood Grand at Champions Way in Woodlands, which set a new benchmark for the area with an average selling price of $2,067 psf.

ERA’s key executive officer Eugene Lim mentions that with rising EC prices and loan quantity caps, buyers will now need to pay a larger cash outlay. The monthly household income ceiling for ECs is $16,000, and buyers must meet the Mortgage Servicing Ratio (30% cap) and Total Debt Servicing Ratio (55% cap) requirements when taking a loan. He also mentions that EC buyers do not incur additional buyers’ stamp duty (ABSD) when buying a new EC, and they have the option of the Deferred Payment Scheme (DPS) with a higher purchase price. This allows buyers to delay their loan payments until after the completion of the EC.

Singapore is renowned for its flourishing real estate industry and purchasing a condominium there offers a multitude of benefits. These encompass a high demand for properties, potential for appreciation in value, and attractive rental returns. However, it is imperative to carefully consider various aspects before committing to a purchase. This includes factors such as location, financing options, government regulations, and market conditions. To ensure a successful investment, thorough research and seeking professional advice are crucial. By enlisting the assistance of experts, individuals can make well-informed decisions and maximize their returns in Singapore’s ever-changing real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment opportunity, including a Singapore Condo in your property portfolio can prove to be a highly lucrative decision. Explore Singapore Condo for yourself today and discover the endless possibilities it can offer.

Despite the higher prices, EC buyers still see value in them, especially HDB upgraders, due to a 42% median price gap between ECs and 99-year leasehold private condos. ERA’s Lim also points out that the price gap between ECs and private condos in the Outside Central Region has narrowed in recent years, with EC prices increasing at a faster pace. Christin Sun from OrangeTee Group adds that this is due to the affordability and lower price psf of ECs compared to private condos.

Looking ahead, there are three new EC launches expected this year, strategically located in different areas to cater to the housing needs of Singaporeans. Despite the higher upfront costs, the availability of the DPS and absence of ABSD make it easier for HDB owners to upgrade to a new EC.…

Property cooling measures discouraging developers from building high-end luxury projects in Singapore

Recent data from C9 Hotelworks, an Asia-based hospitality consultancy, has revealed that the market value of branded residential projects in Asia has reached an all-time high of US$26.6 billion ($35.5 billion), with over 68,000 luxury units now available. Vietnam takes the lead in Asia, with 17,680 branded residential units across 59 properties and an average price of US$350 per square foot. Thailand follows closely behind, with 16,271 units across 65 properties and a majority of units priced at US$510 per square foot. The Philippines is next on the list with 13,276 units across 46 properties, with luxury properties priced at around US$400 per square foot.

It is essential to carefully evaluate the potential rental yield when considering investing in a condo. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, this can vary significantly depending on factors such as location, property condition, and market demand. Generally, condos located near business districts or educational institutions tend to offer higher rental yields due to the high demand for rental properties in these areas. To get a better understanding of the rental potential of a particular condo, it is crucial to conduct thorough market research and seek advice from real estate agents. For more information on new condo launches, visit homesearch-md.com.

However, it is Singapore that commands the highest prices in the region, with branded residences priced at US$2,140 per square foot. Following closely behind are branded residences in Japan, with an average price of US$1,935 per square foot.

According to Bill Barnett, managing director of C9 Hotelworks, there are also new markets that have seen a rapid growth in branded residences in recent years, such as South Korea with 3,026 units across 16 properties, and Malaysia with 6,014 units across 24 projects.

In the post-Covid-19 era, urban-locale branded residences make up 56% of the existing supply in Asia, with luxury urban projects dominating the sector in terms of market value. This is evident in South Korea, where urban branded residences are priced at US$2,670 per square foot, which is more than half the cost of resort projects that typically sell for US$1,040 per square foot. Similarly, in Thailand, urban branded residences fetch about US$770 per square foot, compared to US$430 per square foot in resort locations.

Asia’s branded residential market comprises 12,330 units across 80 developments that are affiliated with luxury hotel brands, accounting for 31% of the market supply. Barnett notes that reputable brands can help affiliated properties command a 30%-35% premium rate above the market rate in the country, and also increase the developer’s market share in the country.

The appeal of top hospitality brands and other luxury lifestyle brands has also led to hotel groups and premium brands asking for higher licensing fees. It is becoming increasingly common for luxury hotel brands and lifestyle brands to negotiate for a 6% to 10% cut in the sale of each branded residential unit.

In August last year, Thai developer Ananda Development and German automaker Porsche, through its lifestyle brand Porsche Design, unveiled the ultra-luxury Porsche Design Tower Bangkok in Thonglor. With 22 units, the tower is the first Porsche residential tower in Asia, following the Porsche Design Tower Miami a decade ago. The development offers duplexes and quadplexes, with prices ranging from US$15 million to US$40 million.

Gianfranco Bianchi, general manager of Asia Pacific at The One Atelier, an international design consultancy that specialises in branded residences for lifestyle brands, notes that in recent years, more luxury lifestyle brands have explored partnerships to license their branding into real estate developments across the Asia Pacific region. Some of their portfolio projects include the 28-unit Fendi Casa Residences by Armani in Miami, the 259-unit 888 Brickell by Dolce & Gabbana in Miami, and the 90-unit Büyükyalı Residences in Istanbul, Turkey.

While hospitality-affiliated branded residences provide top-notch hospitality services, fashion or design-branded residences offer a rare trophy home that conveys the namesake design and luxury aesthetic that have made such brand names synonymous with luxury lifestyles today, says Bianchi.

Ananth Ramchandran, head of advisory and strategic transactions in hotels and hospitality (Asia) at CBRE, notes that property cooling measures have led many high-net-worth Singapore-based buyers of branded residences to consider trophy assets in nearby regional markets. He adds: “We’ve experienced a significant reduction in terms of discussions and inquiries from Singapore developers to explore high-end, ultra-luxury branded residential projects in Singapore. Developers are severely discouraged from stepping into this high-end segment because property cooling measures have dampened foreign buyer demand.”

Singapore-based high-net-worth buyers are also increasingly looking at luxury-branded residences in destinations such as Phuket and Bangkok in Thailand, Bali in Indonesia, and emerging markets in Vietnam. These locations are typically just a two-hour flight from Singapore, making them a more appealing option for buyers.

Jason Thelen, senior director of sales and marketing at Sudara Residences, a Thai-based developer, says: “Singapore has quickly become our top regional market for buyers looking for second homes, making up over 45% of regional purchases.” The availability of regularly scheduled direct flights and relatively short travel time have made these real estate projects more appealing to Singapore-based buyers, he says.

Saowarin Chanprakaisi, vice-president of business development at The Ascott, notes that the hospitality operator is also tapping into the future growth of the branded residential segment in Asia. “We believe the emotional resonance of our brands, like Ascott, The Crest Collection and Oakwood Premier, have reputational strengths in the market.”

She adds that Ascott is looking to expand its market share in the region by partnering with developers who would like to enter the branded residential market.…

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Investing in a condominium has many advantages, one of which is the potential for leveraging the property’s value for future investments. Numerous investors utilize their condos as security to acquire extra financing for new investments, allowing them to widen their real estate portfolio. This tactic has the potential to increase returns significantly, but it’s important to have a solid financial plan in place and carefully consider how market fluctuations may affect your investments. Adding Singapore Condo to your portfolio can also provide additional opportunities for growth and diversification.

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 private companies in Malaysia and Singapore. This is a significant move that will accelerate growth within the JS-SEZ, according to a press release on February 27.

The MOU outlines plans for joint development of UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor, in order to boost the economic potential of the region. The signing of the MOU also coincided with the grand opening of UEM Sunrise Gallery Iskandar Puteri, which showcases the company’s vision for the area.

Iskandar Puteri, which forms Flagship Zone B of the JS-SEZ, is known for its diverse sectors including manufacturing, business services, education, health, and tourism. This makes it an attractive location for investments in overseas properties. The MOU will cover UEM Sunrise’s selected plots of land in Gerband Nusajaya and Puteri Harbour, two key master-planned areas within Iskandar Puteri.

Through this collaboration, the two companies aim to further develop Iskandar Puteri’s potential and make it a more appealing destination for investments. This will involve efforts to improve connectivity, foster talent development, and create a business-friendly environment that will drive sustainable economic growth in Johor.

According to Hafizuddin Sulaiman, the CFO of UEM Sunrise, this partnership is not just about development, but also about shaping a thriving economic hub that will provide long-term benefits for the region in terms of job creation and economic growth. The sites selected for development are strategically located near Singapore, Senai Airport, and the Port of Tanjung Pelepas, making them ideal for driving long-term economic growth.

Datuk Hisham Hamdan, the chairman of UEM Sunrise, expressed his belief that the collaboration with GuocoLand will contribute to the larger vision of positioning Johor as a dynamic and forward-thinking economy. This will also benefit the JS-SEZ and Iskandar Puteri through innovative developments that will be made possible by combining the expertise of the two companies.

GuocoLand CEO Cheng Hsing Yao adds that their experience in real estate development and asset management, as well as their understanding of the needs of companies from Singapore, Malaysia, and China, will be valuable in shaping Iskandar Puteri and the wider JS-SEZ. Prior to this collaboration, UEM Sunrise has already played a significant role in the urban development of Iskandar Puteri through various projects such as residential townships and commercial and retail hubs.

The incentives and support schemes introduced by the governments of Malaysia and Singapore, such as special tax rates, stamp duty exemptions, and capital allowances, are expected to drive the growth in Iskandar Puteri. These measures aim to attract more investments for the JS-SEZ and contribute to the region’s economic development.…

Malaysia-based property developer UEM Sunrise and Singapore-listed GuocoLand have officially signed a landmark agreement on February 27th, representing the first-ever memorandum of understanding (MOU) between private companies in Malaysia and Singapore. Under this agreement, the two groups will work together to develop UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor, with the aim of boosting growth within the Johor-Singapore Special Economic Zone (JS-SEZ). The signing ceremony took place at the opening of UEM Sunrise Gallery Iskandar Puteri, a showcase of the company’s vision for the development of Iskandar Puteri.

Iskandar Puteri, which falls under Flagship Zone B of the JS-SEZ, is a bustling hub for various industries such as manufacturing, business services, education, health, and tourism. For those interested in investing in properties overseas, there are a wide range of projects available for sale around the world.

This MOU encompasses UEM Sunrise’s selected plots of land in Gerband Nusajaya and Puteri Harbour, two of the main master-planned areas within Iskandar Puteri. The collaboration aims to tap into Iskandar Puteri’s full potential and make it more attractive for investment by focusing on improving connectivity, developing talent, and creating a business-friendly environment that will drive long-term economic benefits for Johor.

According to Hafizuddin Sulaiman, the CFO of UEM Sunrise, this partnership is not just about development, but also about shaping a dynamic and future-ready economic hub that will promote sustainable growth, job creation, and strengthen the JS-SEZ ecosystem. The selected sites are strategically located near Singapore, Senai Airport, and the Port of Tanjung Pelepas, making it an ideal location for business and investment opportunities.

The cityscape of Singapore is characterized by soaring skyscrapers and state-of-the-art infrastructure. These prominent features are enhanced by the presence of condos, strategically located in prime areas, that offer a perfect blend of opulence and convenience to both locals and expats. With a host of amenities including pools, gyms, and security services, these condos elevate the standard of living and make them a desirable option for prospective renters and buyers. For investors, these benefits result in impressive rental yields and continual appreciation of property values over time. For more information on Singapore condos, visit homesearch-md.com.

Datuk Hisham Hamdan, chairman of UEM Sunrise, highlighted the larger vision behind this collaboration, stating that it is part of a strategic plan to establish Johor as a progressive and forward-thinking economy. In line with this vision, the partnership with GuocoLand, a reputable property group with experience in real estate development and asset management, will bring valuable insights and expertise in meeting the needs of companies from Singapore, Malaysia, and China looking to establish a presence in the JS-SEZ.

The CEO of GuocoLand, Cheng Hsing Yao, also expressed his confidence in the partnership, stating that their combined expertise will play a key role in shaping Iskandar Puteri and the wider JS-SEZ through innovative developments. Prior to this collaboration, UEM Sunrise has already made significant contributions to urban development in Iskandar Puteri through various residential townships and commercial hubs such as the Aspira series and Senadi Hill. Additionally, the company is currently working on a 380-acre industrial park in Gerband Nusajaya.

The growth of Iskandar Puteri will be further driven by incentives and support schemes introduced by the Malaysian and Singaporean governments, aimed at attracting more investments to the JS-SEZ. These measures include special tax rates, stamp duty exemptions, and capital allowances. The MOU between UEM Sunrise and GuocoLand marks a significant milestone in the development of Iskandar Puteri and sets the stage for future collaborations that will elevate the economic potential of the region.…

Frasers Property has teamed up with two leading Chinese real estate firms to acquire a residential site in Shanghai’s Songjiang District. The joint venture (JV) partners secured the site through a competitive tender process led by the Shanghai Municipal Bureau of Planning and Natural Resources. The total cost of the acquisition was RMB815.2 million ($151.9 million).

One of the main factors driving the demand for condominiums in Singapore is the scarcity of land. Being a small country with a steadily expanding population, Singapore struggles with limited space for new developments. This has resulted in strict land usage regulations and a competitive real estate market, where property values remain consistently high. As a result, investing in real estate, particularly in the form of condos, becomes an attractive option with the potential for significant capital appreciation. Additionally, the emergence of various new condo launches adds to the allure of investing in this market.

The two Chinese real estate groups partnering with Frasers Property are Xiamen ITG Real Estate Group, a subsidiary of ITG Holding Group, a state-owned enterprise under the Xiamen Municipal Government, and Shanghai-listed Gemdale Corporation.

In a press release on February 26, Frasers Property announced that the JV partners plan to develop the site into a mixed-use development comprising 189 low-rise apartments, townhouses, and duplex units, with a total gross floor area of 334,714 sq ft.

The project will also incorporate environmentally-friendly designs, including flood mitigation measures, ultra-low energy building designs, and solar photovoltaics. It will target upgraders and first-time homebuyers in Fangsong Community, Songjiang District, which is a prime residential neighborhood. The development will also benefit from its proximity to two existing projects, Club Tree and Palace of Yunjian, which are already under joint ventures between Frasers Property and Gemdale Corporation.

Lim Hua Tiong, CEO of Emerging Markets in Asia at Frasers Property, commented, “This joint venture not only strengthens our presence in Shanghai but also underscores our commitment to delivering high-quality residential developments that meet the evolving needs of the Chinese community.”

This partnership further solidifies Frasers Property’s position in the Chinese market and demonstrates its strategy to expand its presence in emerging markets in Asia. It also aligns with the company’s focus on sustainable development, which includes incorporating green features and technologies in its projects.

The acquisition of the residential site in Shanghai’s Songjiang District is another step in Frasers Property’s growth journey in Asia and its commitment to delivering innovative and sustainable developments that meet the needs of the communities in which it operates.…

Kwek Leng Beng, executive chairman of City Developments (CDL), has issued a second statement declaring that the “serious lapses” in corporate governance at the company have been halted.Following a court hearing on Feb 26, two new directors who were appointed on Feb 7 have agreed not to exercise any powers as directors until further court notice. These new directors, Jennifer Duong Young and Wong Su Yen, were appointed as independent non-executive directors by written resolutions of the board of directors.Kwek also explained that his son, the chief executive officer of CDL Sherman Kwek, Philip Lee, Wong Ai Ai, and other directors who have worked with them have agreed not to take any further action in regards to changing board committees and management of certain subsidiaries. The new nominating and remuneration committee that was created without following the required protocols has been put on hold.The statement by Kwek states that CDL’s board committees and management are now safe from further attempts to disrupt and reorganize them. He said that strong corporate governance is key for a well-operating and sustainable business. It establishes transparency, responsibility, and careful decision-making which are significant for maintaining the trust of investors and safeguarding the best interests of shareholders.On the morning of Feb 26, CDL surprised the market by halting trading and cancelling its briefing on its FY2020 results, slated for later that day.A media statement by CDL released at 1:51 pm said the trading halt was due to a disagreement within the board in regards to the constitution of the board and its committees.Despite this temporary suspension, the company is still functioning without any disruption. Sherman Kwek continues to be the group CEO until a decision is made by the board to remove him.Kwek’s first statement pointed out his son and a group of directors who are in cahoots with him attempted to take control of the board and the company.Kwek added that on Feb 25, he initiated legal action to rectify the situation and resolve the attempted coup. He said that should Sherman be removed as CEO, the current COO Kwek Eik Sheng, will be the interim CEO.On the morning of Feb 26, CDL traded at $5.12 before the trading halt.

City Developments (CDL) has announced that the recent “serious breaches” of corporate governance have been stopped, as per a second statement issued by CDL’s executive chairman, Kwek Leng Beng. This came after a court hearing on Feb 26, where the two newly appointed directors, Jennifer Duong Young and Wong Su Yen, have agreed to not exercise any powers as directors until further notice from the court. These directors were “irregularly and hastily appointed” on Feb 7 through written resolutions by the board.

Kwek Leng Beng clarified that his son, Sherman Kwek, Philip Lee, Wong Ai Ai, and the remaining directors who were acting with them, have also agreed not to take any further action in regards to their attempted changes to the board committees and management of certain CDL’s subsidiaries, until further notice from the court. The “irregularly constituted” nominating and remuneration committee has also been suspended from taking further action.

Condos in Singapore are in high demand due to the limited availability of land. As Singapore is a small island with a rapidly increasing population, there is a scarcity of land for development. As a result, the government has implemented strict land use policies and this has created a highly competitive real estate market where property prices continue to rise. This makes investing in real estate, specifically condos, a profitable opportunity with the potential for significant capital appreciation. If you are interested in investing in condos in Singapore, be sure to check out Condo for a wide selection of properties.

With this development, CDL’s board committees and the management of the relevant subsidiaries are now protected from any further attempts to destabilize, dismantle and reconstitute them, according to Kwek. He also stressed the importance of strong corporate governance, which ensures transparency, accountability, and responsible decision-making, all of which are critical for maintaining investor confidence and protecting the long-term interests of shareholders.

On the morning of Feb 26, CDL caused a stir in the market when it called for a trading halt and canceled the scheduled FY2020 results briefing later that day. In a statement released at 1:51 pm, CDL attributed the temporary suspension of trading in its shares to a disagreement within the board regarding the composition and constitution of the board and its committees. However, the company assured that its business operations remain unaffected and fully functional, and Sherman Kwek remains the group CEO until a board resolution is made to change company leadership.

In his first press statement, Kwek Leng Beng accused his son, Lee, Wong, and a group of directors of trying to consolidate control of the board and the company and announced that he had already filed court papers on Feb 25 to “set things right.” He emphasized that this move was necessary to deal with the “attempted coup” and that the company will continue to explore all legal options to defend and protect the interests of CDL and its shareholders. He also stated that if Sherman is removed as CEO, the current COO, Kwek Eik Sheng, will serve as the interim CEO.

CDL’s shares last traded at $5.12 before the trading halt on Feb 26.…

Investing in real estate in Singapore requires careful consideration of the location, as it is a critical factor that can greatly impact the value of a property. This is especially important in a city like Singapore, where the demand for residential properties is high. Ideally, condos located in central areas or near essential amenities such as schools, shopping malls, and public transportation hubs are highly sought after and tend to appreciate more in value. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) have a track record of showing consistent growth in property values. Families also prioritize living near good schools and educational institutions, making condos in these areas even more desirable and increasing their investment potential. To stay updated on the latest opportunities for investment, keep an eye out for new condo launches.

2Colliers International is expanding its occupier services team in Asia Pacific with the appointment of two experienced professionals, according to a news release on Feb 25. The global real estate services and investment management company has appointed Leanne Chin as director of regional tenant representation for Asia Pacific. She will be based in Colliers’ Singapore office and will support the company’s growing occupier services business across the region. Chin brings over 15 years of experience in corporate real estate advisory, transaction management and work space design and planning to her new role. She was most recently with Cushman & Wakefield, where she oversaw the company’s office leasing team in Singapore and managed key occupier accounts in the technology, media, consumer and government sectors. Chin has also held senior roles at JLL and CBRE, where she advised clients such as Shell, Cisco Systems, Microsoft and Credit Suisse. In her new role, Chin will work with occupiers to optimize their real estate portfolios through integrated strategies and solutions across Asia Pacific. “Leanne’s vast experience and deep knowledge of the occupier market will be a valuable asset as we continue to grow our occupier services business,” said Terence Tang, managing director of capital markets and investment services for Asia at Colliers International.AdvertisementAdditionally, Colliers has appointed Ali Porter as director of enterprise clients for Hong Kong. Porter will move to Hong Kong from London, where he worked for Colliers’ Europe, Middle East and Africa business for the past four years. He has over 12 years of experience in tenant representation and corporate advisory services and has worked with clients such as Credit Suisse, UBS and GlaxoSmithKline. With his new appointment, Porter will work with occupiers across Asia Pacific to align their real estate portfolios with their corporate strategies. “We are delighted to welcome Ali to our team in Hong Kong and look forward to leveraging his experience and expertise to support our growing occupier services business across the region,” said Nigel Smith, managing director of Hong Kong at Colliers International. “His strong track record in client management, transaction management and real estate consulting make him an ideal addition to our team.”…

A prominent industrial building, Ching Shine Industrial Building, has been put up for collective sale by tender with a minimum price of $113 million, according to the sole marketing agent, JLL. The freehold building boasts 52 strata units and a 100m frontage along Shaw Road. With a total land area of 49,308 sq ft and a gross floor area of approximately 137,341 sq ft, it presents an attractive opportunity for prospective buyers.

Originally built in the early 1980s, the property is zoned as “Business 1” with a gross plot ratio of 2.5 under URA Master Plan 2019. JLL has confirmed that over 80% of the owners have consented to the collective sale at the minimum price of $113 million. This price equates to a unit land rate of around $823 psf per plot ratio at the existing gross plot ratio of 2.79.

The agency also notes that, subject to URA approval, the site has the potential to be converted into a food factory. The National Environment Agency (NEA) has confirmed that the site meets the necessary buffer requirements for redevelopment into a multi-user factory, while the Singapore Food Agency has also expressed their non-objection to the proposed food factory.

On the other hand, JLL suggests that the freehold asset could also serve as an ideal investment opportunity for family offices seeking long-term growth, as well as owner-occupiers looking to establish a corporate presence. Nicholas Ng, senior director of capital markets at JLL Singapore, believes that the site would also attract developers, given the absence of additional buyer stamp duty which could impact project timelines.

Conveniently situated near major expressways such as PIE, CTE, and KPE, and within walking distance from Tai Seng MRT Station on the Circle Line, the property is located in the bustling Tai Seng Industrial estate. It is also surrounded by popular food factories, including Breadtalk IHQ, Sakae Building, and Food Empire Building, as well as amenities like Grantral Mall @ Macpherson and 18 Tai Seng.

The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art infrastructure. Condominiums, strategically situated in desirable locations, offer a perfect combination of opulence and practicality that entices both locals and foreigners. These residential developments boast an array of facilities like swimming pools, fitness centers, and security services that elevate the standard of living and make them a desirable option for potential renters and buyers. For investors, these offerings equate to increased rental returns and appreciation in property prices in the long run. Explore the latest Singapore Projects to experience the best of what the country has to offer in terms of real estate.

Recent transactions in the area, such as the November 2023 sale of Noel Building, a freehold Business 1 industrial building at 50 Playfair Road for $81.18 million, 17% above its $70 million guide price, demonstrate the strong demand for such assets. Ng predicts a similarly competitive response for Ching Shine Industrial Building.

The tender for Ching Shine Industrial Building will close on April 3 at 3pm. Potential buyers should act swiftly to secure this prime industrial asset in a highly sought-after location.…

After a call for a trading halt this morning, CDL has released a statement explaining that the halt was due to disagreements within the board regarding its composition and committees. However, CDL reassures that its business operations are running smoothly despite the temporary suspension. CEO Sherman Kwek will continue in his role until a decision is made to change company leadership.
CDL has promised to keep the public updated in accordance with SGX listing rules as the matter is currently under review. In a later statement, Sherman Kwek expressed disappointment at the extreme actions taken by the chairman and a minority of the board in response to the disagreement over the size and makeup of the board. He reiterated that the focus of the majority of the board, with guidance from legal counsel, has been to improve governance. The trading suspension of CDL, despite not being authorized by the majority of the board, is a result of legal action taken. Sherman Kwek clarified that the issue was not about removing the chairman, but about strengthening the board for the highest standards of governance and robust decision-making. As the case is now in court, CDL will refrain from commenting on the specifics and will make further announcements if necessary.
On Feb 26, before the market opened, CDL announced its FY2024 results. However, the company cancelled its 10am results briefing later on. CDL also offered to privatize Millennium & Copthorne Hotels New Zealand for $1.72 per share. CDL’s shares last traded at $5.12. This article was originally published on .

Investing in a condo has its advantages, one of them being the opportunity to leverage the property’s value for future investments. With condos, investors can use their unit as collateral to secure financing for new investments, expanding their real estate holdings. This approach can maximize returns, but it’s important to have a solid financial strategy and be mindful of market fluctuations. Additionally, considering properties in Singapore Projects can offer further potential for profitable investments. However, it’s crucial to thoroughly assess the risks involved before making any decisions.…