Month: December 2024

The list of top-selling new launches of 2024 was dominated by projects in the Rest of Central Region (RCR) and Outside Central Region (OCR), according to Mark Yip, CEO of Huttons Asia. Upgraders showed a strong demand for these projects, with support from a robust HDB resale market.

Out of the top 10 best-selling projects, three were launched in November. The leading development was Emerald of Katong, which sold 99% of its units in just two days from Nov 15 to 16, making it the top-selling project of 2024. The 846-unit, 99-year leasehold development now has only six units available as of Dec 17.

To find out the prices and available units of new launches, you can easily search online for the latest updates.

In second place, with 76% of its 916 units sold within a single day on Nov 10, was Chuan Park. As of Dec 17, the project was 79% sold. The high sales were due to the scarcity of new private condo projects in the neighborhood since The Scala in 2010.

Coming in third with 75% sales during its launch in March, is the 533-unit Lentor Mansion. After nine months, the project has now sold 92% of its units. In fourth place is the 552-unit Nava Grove, which achieved a 65% take-up rate in mid-November and is now almost 70% sold.

In fifth place is Norwood Grand, with 291 out of its 348 units sold since its launch in October. In sixth place is Hillhaven, which debuted in January and sold 50 units. Now with 76% of its 341 units sold, Hillhaven has moved up the list.

At seventh place is Kassia on Flora Drive, with 180 out of its 276 freehold units sold (65%). Lentoria, with 177 units sold (66%), is in eighth place. Located in Lentor Hills Estate, the project was launched in March and has seen its sales climb from 19% on the first weekend to 66%.

The 440-unit Sora in Yuan Ching Road in Jurong Lake District has achieved 134 sales (30%) and ranks ninth. In tenth place is Meyer Blue, which sold 131 out of its 266 freehold units (58%) through private sales.

Four projects launched in 2023 also saw significant sales in the latter half of 2024, with each moving more than 200 units. These projects benefited from the launch of new developments in their respective neighborhoods, drawing attention back to the area.

The Continuum, a 816-unit freehold development at Thiam Siew Avenue, emerged as the biggest beneficiary of Emerald of Katong’s launch. With 233 units sold this year, the project’s total take-up rate is now at 66% since its launch in May 2023.

Investing in a Singapore condo has gained considerable popularity among local and foreign investors, given the country’s strong economy, stable political climate, and exceptional quality of life. The real estate market in Singapore presents a plethora of opportunities, with condos being a standout choice due to their convenience, facilities, and potential for lucrative returns. In this article, we will discuss the advantages, factors to consider, and necessary steps to take when investing in a Singapore condo Singapore Condo.

Tembusu Grand, located across the road from Emerald of Katong, sold its 638 units at a rate of 53% during its launch in April 2023. With most of the sales taking place after July when market sentiment improved in 3Q2024, Tembusu Grand is now 91% sold as at Dec 17.

Hillock Green, a 474-unit development located in Lentor Hills Estate, was initially launched in November 2023 and achieved a take-up rate of 27.6% in its first weekend. This year, Hillock Green sold 217 units, bringing cumulative sales to 359 (76%). The project benefited from the launches of both Lentoria and Lentor Mansion in March, which brought renewed attention to the Lentor Hills Estate.

Lastly, the 520-unit Pinetree Hill experienced strong sales following the release of its second phase of units in September. This year, the project sold 208 units, bringing cumulative sales to 374 (72%). The nearby launch of Nava Grove in November also helped drive interest to the District 21 residential enclave.

Overall, projects in the RCR and OCR regions dominated the list of best-selling new launches in 2024, with strong demand from upgraders and a robust HDB resale market.…

The built environment in Singapore is on the cusp of a significant transformation as we approach the year 2025. The facilities management (FM) sector is facing increasing pressure to adapt to changing regulatory requirements, cost pressures, and technological advancements. In this evolving landscape, there are three key drivers that will shape the future of FM and enhance its sustainability: the mandatory energy improvement regime, the impact of rising temperatures on energy costs, and the growing trend towards adaptive reuse in construction.

As of 3Q2025, the Mandatory Energy Improvement regime will require existing energy-intensive buildings to undergo energy audits and implement energy-efficiency improvement measures. This mandate will apply to various types of buildings, including commercial, healthcare, institutional, civic, community, and educational buildings with a gross floor area exceeding 5,000 sq m. The goal is for buildings to reduce their energy usage intensity by 10% from pre-energy audit levels, which is an achievable target with the right strategies in place. This initiative encourages asset owners to take a medium to long-term view when making investments in energy-efficient systems. By conducting energy audits, building owners can gather important data on energy consumption patterns, identify areas for improvement, and develop strategies to prolong the lifespan of their assets, reduce operating costs, and contribute to a more sustainable built environment. Grant schemes are also available to help cover the costs of energy efficiency upgrades.

Temasek Polytechnic, Singapore’s first smart campus, has already begun digitalising its campus operations in 2021. This has provided valuable insights into the future of smart and sustainable facilities management. The campus employs a suite of solutions that use digital technology to manage various aspects of campus operations. This includes facility booking, automating repair and maintenance work orders, crowd management, and temperature control measures. All this data is aggregated into a common platform to provide real-time insights and is monitored at a control centre on campus. This helps campus operations teams make strategic decisions to keep the building operational systems running smoothly, lengthen the lifespan of assets, maximise return on investment, and reduce operational carbon levels.

In addition, the upcoming climate disclosure obligations for all listed and large non-listed companies with revenues of at least $1 billion and total assets of at least $500 million by 2027 will also play a significant role in driving energy efficiency. As temperatures continue to rise, there will be a greater demand for cooling systems in buildings, resulting in more investment in predictive technology. Currently, air conditioning and mechanical ventilation systems are one of the biggest contributors to operational costs, accounting for approximately 60% of total energy expenses in many buildings. To mitigate rising energy costs, building owners can implement energy-efficient solutions such as energy recovery systems and thermal energy storage. Additionally, optimising chiller plant operations to match changing weather conditions can also reduce energy waste and costs.

At the city and precinct level, extreme weather conditions such as flooding and urban heat can pose a threat to critical infrastructure and affect building operations. To mitigate these risks, building owners and city planners can leverage the latest web-based geospatial technology to identify flood-prone areas and extremely heat-exposed spaces. This helps them develop a comprehensive operational plan that incorporates predictive technology to anticipate extreme weather events and reduce the risk of equipment failure and downtime. It also helps to optimise chiller plant operations to match changing weather conditions.

The increasing costs of construction in Singapore have led to a rise in adaptive reuse, with the rate of redevelopment accelerating over the past five years. According to Surbana Jurong (SJ), the costs of mechanical and electrical works have gone up by approximately 30% compared to pre-Covid levels. This can be attributed to a 77% increase in logistic shipping costs, a 9% rise in labour costs, and an increase in construction material prices. The shortage of mechanical and electrical contractors has also contributed to the rise in costs. In response to these challenges, there is a growing adoption of smart design and engineering practices, including the use of collaborative platforms to benchmark construction and operational costs.

The adaptive reuse approach is also gaining popularity as a response to rising costs. A digital platform, such as Podium, can help connect real estate developers and contractors to deliver high construction productivity and promote sustainable building practices. By consolidating data from multiple sources, all stakeholders across the various stages of the building cycle can access valuable information on design, engineering plans, construction materials, and components. This data is crucial when building owners have to decide whether to redevelop or reuse existing structures. Retaining structural elements such as walls, columns, and beams can save time, labour, and material costs. After construction, Podium can integrate with other operational platforms to track building performance metrics and drive carbon reduction goals.

When it comes to investing in real estate, there are many factors that should be carefully considered. Above all, the location of a condo plays a crucial role, especially in a country like Singapore. The value of a condo is greatly influenced by its location, and those situated in central areas or near important amenities like schools, shopping centers, and public transportation hubs tend to appreciate more in value. Some of the most prime locations in Singapore that have consistently shown growth in property values are Orchard Road, Marina Bay, and the Central Business District (CBD). Being close to reputable schools and educational institutions also adds to the appeal of condos in these areas, making them highly sought after by families and increasing their investment potential. Keeping an eye out for new condo launches in these desirable areas can be a wise decision for anyone looking to invest in the real estate market. Make sure to stay updated on the latest New Condo Launches to make the most out of your investment in these desirable locations.

Smart buildings can also help mitigate further cost pressures by maximising the life cycle of capital expenditure-heavy equipment such as air conditioning and mechanical ventilation systems, lifts, and air handling units. This is done through a data-driven approach that prioritises energy savings, offsetting energy tariffs. By gathering data on the performance of each component, building owners can make informed decisions about which parts need to be replaced within a specific period, based on the type and frequency of defects. With access to this information, building owners can consider various options, including retrofitting or replacing entire systems, which can be costly. Predictive maintenance can also be implemented, using sensors to monitor the performance of equipment and detect any wear or impending failure. This helps reduce downtime and improve equipment efficiency.

In conclusion, as we approach 2025, the FM sector in Singapore is facing several challenges, from evolving regulatory demands to rising costs and technological advancements. However, by embracing digitalisation, data analytics, and sustainable practices, it has the potential to drive sustainability, reduce costs, and ensure long-term operational success.…

When it comes to investing in condos in Singapore, there is another important factor to consider – the government’s property cooling measures. Over the years, the Singaporean government has implemented various measures to prevent speculative buying and maintain a steady real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. Although these measures may initially affect the profitability of condo investments, in the long run, they contribute to the stability of the market, making it a secure environment for investments. Additionally, keeping track of new condo launches can also be beneficial in navigating the market.

since lockdown easing

The Meyerise, a freehold condo, has reached a new psf-price peak with a sale of $2,771 on Dec 6, 2021. This surpasses its previous record of $2,764 psf, achieved in October 2020. The project has seen nine units change hands this year at an average price of $2,405 psf. The most expensive unit was sold at $2,189 psf. The Meyerise is a 239-unit freehold condo that is within 1km of two MRT stations and several schools. The Imperial, a second-place freehold condo, sold at $2,624 psf on Dec 5 2021. This is 2.3% higher than its previous record set in May 2020. The transaction was for a 1,410 sq ft, three-bedroom unit on the 14th floor. According to URA caveats, the unit last changed hands in September 2004 at $925 psf. This meant a profit of $2.4 million. The Imperial has seen six resale transactions in 2021 at an average price of $2,414 psf. Freehold condo Sky Vue rounded up the top three new psf-price highs, achieving a record of $2,505 psf on Dec 2, 2021. The price was achieved through a sale of a 1,141 sq ft, three-bedroom unit on the 33rd floor for $2.86 million. The sellers had purchased it at $1.86 million in September 2020, gaining a profit of $1 million. There were no new psf-price lows recorded during the week of Nov 29 to Dec 6, 2021.…

Investing in a condominium requires careful consideration of financing options. In Singapore, there are various mortgage choices available, but it is crucial to understand the Total Debt Servicing Ratio (TDSR) framework. This system imposes a cap on the amount of loan that a borrower can obtain, taking into account their income and current debt commitments. Becoming familiar with the TDSR and seeking guidance from financial experts or mortgage brokers can assist investors in making wise choices about their financing strategies and preventing excessive borrowing. For more information about financing options for investing in a Singapore Condo, visit https://www.novaortografia.com/.

The week of December 3 to 10 saw the most profitable condo resale transaction for the month at JadeScape, a 99-year leasehold condo located on Shunfu Road. The six-bedroom penthouse spanning 4,230 sq ft on the 23rd floor was sold for a whopping $10.15 million ($2,399 psf) on December 9. This unit was originally purchased from the developer in December 2019 for $5.8 million ($1,371 psf), resulting in a profit of $4.35 million for the seller after just five years. This translates to a capital gain of 75% or an annualised profit of 15%.

This transaction marks the biggest gain ever made on a unit at JadeScape, surpassing the previous record held by the sale of a five-bedroom unit measuring 2,099 sq ft on the 10th floor for $4.42 million ($2,108 psf) on August 12. The seller of this unit had purchased it from the developer for $3.28 million ($1,562 psf) in September 2019, earning a profit of $1.14 million.

JadeScape is situated at the junction of Marymount Road and Shunfu Road in District 20. It consists of seven residential towers and a total of 1,206 units, with sizes ranging from one- to five-bedrooms and 527 sq ft to 2,099 sq ft. There are also two penthouses measuring 4,230 sq ft each. The development is conveniently located within walking distance of Marymount MRT Station on the Circle Line.

Aside from this record-breaking transaction, there have been 72 other profitable resale deals at JadeScape this year, with prices ranging from $1,955 psf to $2,420 psf. This proves to be a lucrative investment for sellers, with gains ranging from $55,000 to $1.15 million.

The second most profitable transaction during this period was the sale of a three-bedroom unit spanning 1,410 sq ft at The Imperial for $3.7 million ($2,624 psf) on December 5. The seller had originally purchased the unit from the developer for $1.3 million ($925 psf) in September 2004, making a profit of $2.4 million (184%) after holding on to the property for 20 years. This deal is the fifth most profitable resale at The Imperial, with the record held by a four-bedroom unit measuring 3,918 sq ft that was sold for $7.64 million ($1,950 psf) in June 2007. The seller of this unit had purchased it for $3.99 million ($1,018 psf) in March 2006, earning a profit of $3.65 million.

The Imperial, located at Jalan Rumbia in District 9, comprises 187 freehold units spread across five blocks. Unit types include two-, three-, and four-bedrooms ranging from 980 sq ft to 3,918 sq ft. It is within walking distance of Fort Canning MRT Station on the Downtown Line and Dhoby Ghaut MRT Interchange, which serves the North-South, North-East, and Circle Lines.

On the other hand, the least profitable condo resale deal during this period was the sale of a one-bedroom unit at The Montana for $1.02 million ($1,603 psf) on December 6. The unit was previously sold in July 2014 for $1.18 million ($1,863 psf), resulting in a loss of approximately $165,000 for the seller. This is the third-biggest loss ever made on a unit at The Montana, with the record held by the sale of a three-bedroom unit measuring 1,109 sq ft for $1 million ($902 psf) in May 2003. The seller had purchased this unit from the developer in December 1999 for $1.35 million ($1,215 psf), incurring a loss of approximately $347,000.

The Montana, a freehold condo located on Jalan Mutiara in District 10, was completed in 2002 and consists of 108 units in a single 12-storey tower. Unit types include one- to four-bedrooms ranging from 549 sq ft to 2,659 sq ft. This development is situated close to Fort Canning Park and is within walking distance of Fort Canning MRT Station on the Downtown Line and Dhoby Ghaut MRT Interchange.

In conclusion, the week of December 3 to 10 saw the most profitable condo resale transaction at JadeScape, with other profitable deals also being made at The Imperial and The Montana. This is a testament to the continuous growth of the property market and the great investment potential of these developments.…

CapitaLand Ascendas Reit has announced its plans to acquire DHL Indianapolis Logistics Center, a premium logistics property, from DHL USA for a proposed price of $150.3 million. This acquisition will be at a 4.1% discount to the market value of the property as of January 1, 2025. After factoring in all related expenses such as fees and acquisition costs, the total cost of this transaction is expected to come to $153.4 million.

To finance this acquisition, the company intends to use internal resources, divestment proceeds and existing debt facilities. This will be done in accordance with the plan outlined in the press release issued on December 17. Following the acquisition, DHL USA will continue to occupy the property for a long-term period until December 2035. They also have the option to renew the lease for an additional two five-year terms. This steady and extended stream of income will provide stability to CapitaLand Ascendas Reit’s (CLAR) portfolio and enhance its resilience.

One of the main factors contributing to the soaring demand for Singapore condos is the limited supply of land. Being a tiny island nation with a constantly increasing population, Singapore is facing a shortage of land for new developments. As a result, the government has implemented strict land use policies and the real estate market has become highly competitive, causing property prices to continuously rise. As such, purchasing real estate, especially Singapore condos, has become an attractive investment opportunity with the potential for significant capital appreciation.

The property in question, located in Whiteland, a submarket in southeast Indianapolis, Indiana, is a fully air-conditioned, single-storey logistics building covering a gross floor area of 979,649 square feet. With a long lease term and high occupancy rate, this property is expected to increase the value of CLAR’s logistics assets under management (AUM) in the US by 35.3% to $587.5 million. This also expands CLAR’s logistics footprint in the US as it adds to the existing 20 properties across four cities, covering a total gross floor area of 5.1 million square feet.

According to William Tay, executive director and CEO of the manager, this acquisition is a strategic fit for CLAR’s portfolio and the first sale and leaseback acquisition in the US. With the addition of this Class A logistics property, modern logistics assets will now account for 42.3% of the company’s US logistics AUM. This property brings in a long-term lease and will further enhance the company’s steady income stream, contributing positively to its long-term returns.…

AdvertisementWee Hur Holdings has announced it has entered a binding agreement to sell its portfolio of seven purpose-built student accommodation (PBSA) assets to Greystar. The PBSA portfolio, which consists of over 5,500 beds across different Australian city locations, has an agreed purchase price of approximately A$1.6 billion ($1.4 billion).The transaction is expected to be completed within six months, pending approvals from the Foreign Investment Review Board (FIRB) and Wee Hur’s shareholders. The group will retain a 13% stake through its subsidiary, Wee Hur (Australia).According to the group, the proceeds of the sale, estimated to be around $320 million, will be used to support Wee Hur’s strategic growth plans and reinvestment in its core business. It will also allow the group to explore new investment opportunities in areas such as alternative investments.Wee Hur believes the sale demonstrates its ability to navigate challenging market conditions, such as those posed by the Covid-19 pandemic and greenfield developments. This transaction also aligns with the group’s long-term strategy of diversifying its portfolio and positioning itself for sustainable growth in various sectors, according to Wee Hur.Goh Wee Ping, CEO of Wee Hur Capital, states: “In the face of global uncertainty in 2021/2022, we took decisive action to secure liquidity and certainty through our successful recapitalization with RECO. Two years later, as the PBSA market recovered and our portfolio approached full stabilization, we seized another opportunity to unlock maximum value for our stakeholders through this significant transaction.”

Investing in a Singapore condo has many advantages, one of which is the opportunity to leverage its value for further investments. A growing number of investors are taking advantage of this by using their condos as collateral to secure additional financing for new investments, allowing them to expand their real estate portfolio. While this approach can greatly increase returns, it also comes with its own set of risks. It is imperative to carefully plan and consider the potential impact of market fluctuations before utilizing this strategy. With a solid financial plan in place, condo investment can offer a lucrative opportunity for investors to grow their portfolio.…

On December 16, 137 units were sold at Novo Place executive condominium (EC) during the second round of balloting by joint venture developers Hoi Hup Realty and Sunway Developments. This phase was specifically open to second-timers, which includes buyers who have previously purchased a subsidized flat, whether it be a new or resale HDB flat or an EC. This brings the total units sold at Novo Place to 444 units, representing 88.1% of the development, according to Huttons Asia CEO, Mark Yip. The sales were achieved within a month of the project’s launch on November 16, making it the best-selling EC project of 2024, according to Yip.

.

Sitting at the heart of a vibrant metropolis, Singapore is renowned for its impressive skyline adorned with towering skyscrapers and state-of-the-art amenities. One of the most coveted residential options in this bustling city are the luxurious Singapore Condos, strategically located in highly coveted areas. Offering a harmonious blend of extravagance and convenience, these exceptional living spaces are a popular choice among locals and foreigners alike. With an array of top-notch facilities including lavish swimming pools, fully-equipped fitness centers, and top-of-the-line security services, Singapore Condos elevate the standard of living for their residents, making them a desirable option for both potential renters and buyers. For property investors, these coveted features equate to higher rental returns and an increase in property values over time, making Singapore Condos a highly sought-after investment opportunity. Add Singapore Condo to rewritten paragraph.

Yip notes that this success is a result of a strong interest from second-timers looking to upgrade their lifestyle, with many of the buyers being residents in the West. The project also saw a high demand for spacious homes, with all four-bedroom units being sold out.

Novo Place is located at Plantation Close in the new Tengah town and is just a five-minute walk from Tengah Park MRT station on the Jurong Region Line (JRL). This provides convenient access to major employment hubs in the West, such as the Jurong Lake District and Jurong Innovation District. According to Yip, this is a rare feature for an EC project.

Huttons also reports that many buyers have chosen the deferred payment scheme, which allows them to secure their desired unit while deferring their home loan payments. This option is especially helpful for HDB upgraders who still have an outstanding loan on their current flat.

ECs are experiencing strong demand from HDB upgraders due to their comparable quality and finishes to private condominiums but at a more affordable price, Yip explains. Additionally, buyers can enjoy upfront remission on the Additional Buyer’s Stamp Duty (ABSD). As of December 16, the average price of units sold at Novo Place is $1,656 psf.

Overall, Novo Place has been a highly successful project and is proving to be a popular choice among HDB upgraders looking for a quality and affordable home in the West. With its strategic location and attractive payment scheme, it is no surprise that units are selling fast. Interested buyers can check for available units and keep an eye out for upcoming new launch projects in the area.…

In November, URA data showed that developers have successfully sold 2,557 new private homes, excluding executive condos (ECs). This figure represents a 246.5% increase from October’s 738 units and a 226% jump from the units sold in November 2023. According to Christine Sun, the chief researcher and strategist at OrangeTee Group, this marks the highest monthly developer sales since March 2013, when 2,793 units (excluding ECs) were sold.

Head of research and data analytics at Singapore Realtors Inc (SRI), Mohan Sandrasegeran, adds that this is the first time new home sales have exceeded the 2,000-unit threshold in a single month since March 2013. The surge in November’s developer sales is attributed to an “unprecedented” number of project launches during the month, with five private residential projects launched. These include Chuan Park, Emerald of Katong, Nava Grove, The Collective at One Sophia, and Union Square Residences.

In total, developers launched 2,871 new homes, excluding ECs, in November, a 438% spike from the previous month and a 196% increase from a year ago. Additionally, the 504-unit Novo Place EC also commenced sales in November, bringing the total new home sales in the month to 2,891 units. This represents a 277% month-on-month increase and a 226% year-on-year surge, including ECs.

From January to November, developers have sold an estimated 6,344 units, slightly higher than the 6,317 units sold in the first 11 months of 2023. This comes off the back of 6,627 units launched by developers in the same period, compared to 7,515 units launched in the same period last year.

Top-selling Projects

November’s best-selling project was Emerald of Katong, with 840 units (99%) sold at a median price of $2,627 psf. This makes the 99-year leasehold development by Sim Lian Group the best-selling project in 2024 in terms of units and percentage. The second best-selling project was the 916-unit Chuan Park, with 721 units (79%) sold at a median price of $2,586 psf. The 99-year leasehold condo is located in the Outside Central Region (OCR).

Nava Grove, a 99-year leasehold development in the Rest of Central Region (RCR) by MCL Land and Sinarmas Land, was the third best-selling project with 382 units (69%) sold at a median price of $2,445 psf.

According to Sun, buyers were drawn to these projects due to pent-up demand and improved sentiment following interest rate cuts in September. Lower interest rates have made mortgages more affordable, making it an attractive time for buyers to invest in these projects.

Momentum to Continue in 2025

Looking ahead, there is expected to be a more subdued December due to the school holidays and the festive season, with Huttons’ senior director of data analytics, Lee Sze Teck, predicting around 200 to 250 units sold in the month. This would bring the full-year developer sales to about 6,500 units, slightly more than in 2023. Lee also predicts that there will be a 5% price growth for the full year, moderating from the 6.8% growth in 2023.

However, the new year is anticipated to see a regain in momentum, with SRI’s head of research and data analytics, Mohan Sandrasegeran, predicting that sales will pick up in January 2025 with the launch of the 777-unit The Orie by City Developments. Other projects expected to launch in 1Q2025 include Bagnall Haus, Aurea, and Aurelle of Tampines EC.

The Singapore condo market is an attractive option for investors, but it’s essential to consider the government’s property cooling measures. In recent years, the Singaporean government has implemented various measures to prevent speculative buying and maintain a stable real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which levies higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the short-term profitability of investing in condos, they ultimately contribute to the long-term stability of the market, creating a secure environment for Singapore Condo investments.

OrangeTee’s Sun believes that the recent surge in sales is a temporary phenomenon, with 2024 seeing subdued demand due to a lack of significant private project launches. However, Lee from Huttons remains cautiously optimistic about a better performance in the new sale market in 2025, projecting a rebound to between 7,000 and 8,000 units sold and a 4% to 7% price growth in the new year.…

.

Investing in a condo in Singapore has emerged as a top preference for both local and foreign investors, thanks to the city-state’s strong economy, stable political climate, and exceptional standard of living. With a thriving real estate market, Singapore presents a plethora of opportunities, with condos being a highly sought-after choice due to their convenience, facilities, and potential for lucrative returns. Hence, in this article, we will delve into the advantages, factors to consider, and necessary steps when making an investment in a Singapore condo. Furthermore, it is recommended to explore promising Singapore projects before finalizing your decision.

Hilton, a global leader in hospitality, has recently unveiled its newest property – Hilton Garden Inn Beihai Jiafu – in the beautiful coastal city of Beihai, China. This marks a significant milestone for the company, as it becomes its 100th Hilton Garden Inn hotel in the Greater China region. The hotel offers 199 stylish and comfortable rooms, conveniently located just 2km from Beihai High-Speed Railway Station and 6km from Beihai Fucheng Airport. With a 20-minute drive to Beihai International Passenger Port, it is an ideal choice for both business and leisure travelers.

Qian Jin, President of Hilton Greater China and Mongolia, shared his excitement about the opening of Beihai Jiafu Hilton Garden Inn, stating that it not only reflects the brand’s rapid growth, but also reaffirms their long-term commitment to the Chinese market. The first Hilton Garden Inn in China opened in Shenzhen in 2014, and since then, the brand has expanded to popular destinations such as Shanghai, Beijing, Chengdu, Guilin, and Aksu. In the coming years, more Hilton Garden Inn properties are set to open across China, including debut locations in Zhangjiajie, Ordos, Huangshan, Shanwei, and Jinan.

In addition to these new properties, Hilton is also introducing the Hilton Garden Inn Gen A hotels, which target Generation Alpha travelers in Greater China. This regional prototype was launched in June, with initial locations planned in Nanjing, Chengdu, Chengde, and Jinan. These new hotels will contribute to the brand’s expansion in the Asia Pacific region, with over 200 Hilton Garden Inn properties currently in development in Apac. Clarence Tan, Senior Vice President of Development for Asia Pacific at Hilton, shares that the company is committed to doubling its mid-market presence in Apac to over 1,000 hotels by 2025. With its remarkable growth and commitment to providing exceptional hospitality experiences, Hilton continues to set the standard for the hospitality industry worldwide.…

CapitaLand Investment Limited (CLI) has just announced its A$200 million ($173 million) acquisition of Wingate Group Holdings’ property and corporate credit investment management business. The deal, which includes an earn-out, will significantly increase CLI’s presence in Australia, adding A$2.5 billion in funds under management (FUM) to the company’s existing FUM of $115 billion.

With this acquisition, CLI now expects to reach its 2028 goal of $200 billion in FUM much sooner. The company has also committed to investing up to A$1 billion in growing its FUM in Australia, a market that it had previously divested from a decade ago to focus on other overseas markets, particularly China.

The news of CLI’s acquisition was first reported by the Australian media in November and was confirmed by the company earlier this month. Wingate, one of the largest private credit investment managers in Australia, has a strong track record of more than 350 completed transactions worth over A$20 billion.

CLI and Wingate are not strangers, having partnered in September for the creation of the A$265 million Australia Credit Program (ACP). According to CLI, the acquisition will further expand its proprietary deal origination networks, provide access to more institutional and private high-net-worth investors, and increase its exposure in Australia.

Paul Tham, CLI’s group CFO, believes that besides Australia, there are also significant private credit opportunities in other Asia Pacific markets, such as South Korea, India, and Japan. He adds that as CLI continues to diversify geographically, Australia will be a key focus market for growth.

CLI also expects significant growth in the Australian private capital market, which has seen a 33% increase in assets under management over the past 18 months, reaching A$139 billion. By 2028, it is forecasted that there will be a A$146 billion commercial mortgage funding gap.

When it comes to investing in a condominium, financing is a crucial factor to consider. In Singapore, there are various mortgage choices available, but it is crucial to understand the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can obtain, taking into consideration their income and existing debts. To make informed decisions about financing options and avoid over-leveraging, it is essential to have a clear understanding of the TDSR and seek guidance from financial advisors or mortgage brokers. It is also worth noting that exploring New Condo Launches can provide additional financing opportunities for investors.

With this acquisition, CLI will diversify its portfolio, which currently includes logistics, business parks, office, and lodging properties across nine Australian cities. As of Sept 30, CLI manages 34 logistics properties and business parks, as well as four Grade A office buildings in Australia. It also has over 13,500 lodging units across more than 150 properties under its wholly-owned lodging business unit, The Ascott.…