Novaortografia Condo

Simplicity and quality are at the forefront of V-ZUG’s approach to product design. Founded in 1913, this Swiss brand has been a pioneer in the world of luxury appliances and continues to captivate the attention of designers and developers around the globe. With a commitment to blending durability and sleek aesthetics, V-ZUG sets itself apart from the competition and shapes modern kitchen designs by combining tradition, precision, and contemporary aspirations.

At the core of V-ZUG’s philosophy is a dedication to craftsmanship and quality control. Each product is handcrafted in Switzerland and undergoes rigorous testing by engineers to ensure high performance. Even before production begins, the design team conducts thorough research to determine the best sustainable practices that can be incorporated into each appliance, while maintaining the brand’s strict quality standards.

As part of its efforts to be environmentally conscious, V-ZUG has integrated Circle-Green recycled stainless steel by Outokumpu into its production process. This choice generates only 7% of the emissions associated with traditional stainless steel production, making V-ZUG a leader in sustainable design.

When it comes to the functionality of its products, V-ZUG consults with renowned chefs from Michelin-starred restaurants to ensure that every appliance has the features necessary to create top-notch meals. Whether it’s an oven, induction cooktop, or fabric preservation appliance, V-ZUG is committed to elevating the daily culinary experience of home cooks by making professional-grade kitchen technology accessible.

In terms of design, V-ZUG emphasizes seamless integration into every home. Its minimalist design language and wide range of products make it easy to find the perfect fit for any household. For example, the brand’s series of wine cabinets includes the full-height WineCooler V6000 Supreme and the WineCooler Undercounter Swiss Luxury (UCSL). While they may differ in size, all V-ZUG wine cabinets have two temperature zones, allowing for optimal storage of different types of wine. This variety ensures that each home can customize their wine storage while still maintaining the high quality that V-ZUG is known for.

When contemplating an investment in a condo, it is essential to also evaluate its potential rental yield. Rental yield refers to the annual rental income compared to the property’s purchase price as a percentage. In Singapore, the rental yields for condos can vary significantly, depending on factors like location, property condition, and market demand. Generally, areas with a high demand for rentals, such as those near business districts or educational institutions, tend to offer better rental yields. To gain a comprehensive understanding of a specific condo’s rental potential, conducting extensive market research and consulting with real estate agents can be highly beneficial. Additionally, exploring options like Singapore Projects can also provide valuable insights.

Consistency is a key factor in V-ZUG’s appliance designs. The brand emphasizes clean, sleek lines across its range, including features like mirrored glass fronts that tie everything together in a subtle way. Achieving simplicity in the end product is no easy task, but at V-ZUG, attention is paid to every detail, from the way a wine cabinet’s doors open and shut to the hues of the LED lights on a refrigerator. The brand’s excellence is evident when every element works together to create a practical and harmonious home.

V-ZUG’s commitment to simplicity and quality extends beyond the kitchen as well. The brand also offers products like the RefreshButler, which sanitizes and deodorizes garments with ease. When it comes to design, functionality, and sustainability, V-ZUG remains at the forefront of innovation and sets the standard for extraordinary living.…

On December 4th, VisionPower Semiconductor Manufacturing Company (VSMC) held a groundbreaking ceremony for its new wafer manufacturing facility in Tampines. This facility, which is expected to cost US$7.8 billion ($10.5 billion), is a joint venture between Taiwan’s Vanguard International Semiconductor Corporation and the Netherlands’ NXP Semiconductors. The plant is set to begin production in 2027 and aims to produce 55,000 wafers per month by 2029, while also creating approximately 1,500 jobs.

Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. While condos can be acquired relatively easily, the same cannot be said for landed properties, as they are subject to stricter ownership rules. Nonetheless, the stability and potential for growth in the Singapore real estate market remain a major draw for foreign investment, despite the additional cost of the ABSD, which currently stands at 20% for first-time property buyers. In fact, many foreign investors are looking at Singapore Projects as an attractive option for investment.

However, VSMC is not the only company expanding in Singapore’s semiconductor industry. In March, Japan’s Toppan Holdings also began construction on a new factory in Jurong Lake District, which will manufacture semiconductor packaging materials. This project is estimated to be worth $450 million.

According to Leonard Tay, head of research at Knight Frank Singapore, these expansions are a response to the need for a more resilient supply chain in the semiconductor industry. He states that Singapore is a sought-after location for such investments due to its stability in the face of ongoing geopolitical tensions in other parts of the world.

The global semiconductor industry has seen a rebound in revenue, recording a 26% year-on-year increase for the first three quarters of 2024, as per research by London-based consultancy Omdia. This is in contrast to the previous year, where the industry saw a 9% decrease in revenue. This rebound has also had a positive impact on Singapore’s manufacturing sector, with output rising 11% year-on-year in 3Q2024, driven by the electronics cluster.

While industrial property rents in Singapore have continued to rise, there has been a slowing down of momentum in 2024. According to JTC, the All Industrial Rental Index rose for 16 consecutive quarters, but the rate of increase has progressively slowed. This is likely due to a more cautious sentiment among occupiers in an uncertain economic climate. However, this has had varying effects on different segments of the industrial property market.

The multiple-user factory and warehouse segments have held up well, with stable occupancy rates and rental growth. On the other hand, the single-user factory and business park segments have seen a slight dip in rents.

Despite the cautious sentiment, the industrial sales market has been more active, with several sizeable transactions taking place in 2Q and 3Q 2024. This includes the sale of BHL Factories, Kian Ann Building, and a single-user factory at Pandan Road. The market also received a boost when Warburg Pincus and Lendlease Group acquired a $1.6 billion portfolio of seven industrial assets from Soilbuild Business Space REIT in August.

Looking ahead, Singapore’s industrial property market is expected to see a slowdown in rental and price growth due to a supply-demand imbalance. The incoming supply of industrial space, combined with weaker demand, is likely to result in a softer market performance in the near future.

Demand remains strong for multiple-user factory space, centrally located food factories, and logistics space. The electronics and advanced manufacturing sectors are also expected to continue driving demand for industrial real estate in Singapore, with data centre expansion and semiconductor investments also providing support. However, the business park segment may continue to face pressure as companies adapt to flexible working arrangements.…

Buyers snap up 53 units at 8@BTBy Huttons Data Analytics, the first half of 2024 saw a sluggish property market with the lowest number of units launched for sale since 1996. Sales volume reflected this trend, with only 1,889 units sold, the lowest since 1996. However, there were a few exceptions, such as the 533-unit Lentor Mansion which saw a 75% take-up rate during its launch in March. Most of the other project launches saw relatively lacklustre sales compared to the previous year.Market sentiment was cautious due to uncertainties in the job market and persistently high interest rates. Buyers were waiting for highly-anticipated projects launches later in the year, such as Chuan Park and Emerald of Katong.Search for the latest New Launches to find out transaction prices and available units. According to Mark Yip, CEO of Huttons Asia, the launch of the 276-unit freehold Kassia in late July, which achieved a 52% take-up rate, set the stage for strong sales momentum following the Lunar Seventh Month.The first project launched after the Lunar Seventh Month was the 158-unit 8@BT at Bukit Timah Link. Over the weekend of Sept 21–22, 53% of its units were snapped up at an average price of $2,719 psf.In the third quarter of 2024, new home sales jumped 60% quarter-on-quarter, marking a shift in sentiment, likely due to the US Federal Reserve’s 50-basis point interest rate cut in September.In October, more than 50% of the 226 units at Meyer Blue were sold in private sales, with units transacted at an average price of $3,260 psf, setting a new benchmark for the prime District 15 enclave on the East Coast.The 348-unit Norwood Grand in Woodlands also achieved multiple milestones, with a take-up rate of 84% over the weekend of October 19-20. It was the best-selling project in terms of percentage of sales as of October, with units sold at an average price of $2,067 psf — the first time a project in Woodlands surpassed the $2,000 psf threshold.Developer sales in November soared to 2,557 units — the highest figure since March 2013, when 3,489 units were launched and 2,793 were sold, according to Huttons Data Analytics. The strong November performance pushed total developer sales for the first 11 months of 2024 to 6,344 units. It is expected that the year-end figures will surpass the 6,421 units sold in 2023.Chia Siew Chuin, JLL’s head of residential research, notes that the sluggish performance of the private residential market in the first three quarters of 2024 created an atypical year-end scenario. Developers, who had been postponing launches due to economic uncertainties, finally rolled out projects in November. This shift from caution to action was prompted by the approaching year-end festive lull and improved market sentiment since the third quarter of 2024.An unusually vibrant period for property launches has been created, defying the typical seasonal slowdown and creating a dynamic market environment. Speculation is now rampant about the possibility of further property cooling measures, given the uncharacteristically high November sales.However, Chia says it is unlikely that any intervention will be made, as it will depend on sustained sales momentum into the first quarter of 2025 and a concurrent sharp increase in property prices outpacing GDP growth. Despite close monitoring by authorities, new measures are likely to remain on hold unless clear signs of persistent market overheating emerge.

Investing in a condo in Singapore presents numerous benefits, one of which is the potential for capital appreciation. Due to its strategic position as a global business hub and robust economic foundations, Singapore consistently experiences high demand for real estate. This has been reflected in the steady increase of property prices over the years, particularly in prime locations where condos have seen significant appreciation. Savvy investors who strategically enter the market and hold their properties for extended periods can reap substantial capital gains. The condo market in Singapore is a lucrative investment opportunity for those seeking long-term growth and profit potential.…

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.

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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.…