Month: December 2024

Grange 1866, a freehold development, has made headlines for achieving the highest psf-price for the week of Nov 22 to 29. The condo, located on Grange Road in prime District 10, saw a price peak of $3,393 psf from the sale of a two-bedroom unit for $2.78 million on Nov 27.

This sale surpassed the previous record of $3,390 psf set in June last year when a two-bedroom unit was sold for $2.59 million. This year, there have been 12 transactions at Grange 1866 with an average price of $3,181 psf. The most expensive unit sold this year was a two-bedroom unit on the 16th floor for $3.02 million ($2,989 psf).

Expected to be completed by the end of 2025, Grange 1866 features a single 16-storey residential block on a 20,322 sq ft, freehold site. The units range from 527 to 1,012 sq ft and comprise of one- and two-bedroom apartments.

Coming in second, Hill House, a freehold, 72-unit condo located on Institute Hill in prime District 9, achieved a new psf-price high for the second time in November. The latest peak of $3,378 psf was set when a two-bedroom unit was sold for approximately $1.53 million on Nov 25.

This sale surpassed the previous record of $3,267 psf by 3.4%. The development has sold 12 units this year at an average price of $3,108 psf. The lowest-priced unit sold at the development this year was a three-bedroom unit for $2.21 million ($2,934 psf) on Oct 28.

Completing the top three, The Cosmopolitan saw a new psf-price high with the sale of a 1,324 sq ft, three-bedroom unit for $3.73 million, or $2,817 psf, on Nov 25. This is just 0.7% higher than the previous peak of $2,795 psf set in October last year when another three-bedroom unit was sold for $3.7 million.

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Purchasing a condominium in Singapore offers various benefits, and one of the key advantages is the potential for capital appreciation. Being a global business hub, Singapore has a strategic location and boasts strong economic fundamentals, making it a highly desirable location for real estate investment. The real estate demand in Singapore is consistently high, leading to a steady increase in property prices over the years. In particular, condos located in prime areas have experienced significant appreciation. Savvy investors who enter the market at the right time and hold onto their properties for the long term can reap substantial capital gains. Additionally, with the introduction of new condo launches (https://www.hornbyeagles.com/), there are even more opportunities for investors to capitalize on the potential for capital appreciation in the Singapore property market.

The Cosmopolitan, completed in 2008, has 228 units situated in prime District 9. It comprises of two-bedroom units with an average size of 1,141 sq ft, three-bedroom units ranging from 1,324 to 1,399 sq ft, and four-bedroom apartments at 1,679 sq ft. The unit was purchased for approximately $2.58 million in 2010 and sold for a profit of $1.15 million.

There were no new psf-price lows recorded during this period. For the latest listings and prices at these developments, check out the listings on EdgeProp Buddy.…

Securing financing is an essential element when it comes to investing in a condo. In Singapore, there are various mortgage options available for potential investors. However, it is crucial to understand and take into consideration the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, taking into account their income and existing debt obligations. Having a clear understanding of the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making well-informed decisions about their financing options, helping them avoid over-leveraging. Additionally, staying updated on new condo launches in Singapore can also provide investors with more options for their investment journey.

Global real estate has seen a positive turn in 2Q2024, putting an end to two years of losses and hinting at a potential recovery. The low interest rate era has led to soaring real estate values, with global total returns reaching 5.0% q-o-q in 4Q2021 and 17.8% y-o-y in 1Q2022 – figures much higher than long-term averages.

However, the subsequent tightening cycle has erased those gains, bringing values back to 2018 levels globally. However, we believe that the real estate market correction is almost complete, making it an ideal time for investors to consider this asset class. Over the long term, real estate has provided stable income returns and portfolio diversification benefits, and it can also offer robust returns during recovery periods. For instance, after the early 90s recession, investors saw a 76% cumulative return over the next five years.

In the tech-wreck, the five-year cumulative return was 98%, and after the Global Financial Crisis, it was 86%. There is evidence of a turnaround in valuations, with global value losses moderating to 0.74% in 2Q2024 – the lowest quarterly adjustment in the past two years. With offsetting income returns of 1.07%, global real estate achieved a positive 0.33% return, the first positive quarter since 2Q2022.

Among the 15 global markets in the MSCI Global Property Index, a slight majority saw write-ups in real estate values for the first time since 2Q2022. Eight markets, including Japan, South Korea, Singapore, Southern Europe, the Nordics, the Netherlands, France and the UK experienced value increases from the prior quarter. Six markets saw value losses between 0.3% and 1.5%, all of which moderated from 1Q2024. Only Australia recorded a larger write-down in the second quarter than in the first, with a 4.2% correction aligning valuations more closely with its peers.

However, changes in capital values are just one component of real estate returns. Historically, the larger component of total returns has been income. This trend underscores the importance of income returns in driving overall performance in the real estate sector, highlighting the need for investors to consider both capital and income aspects when evaluating real estate investments.

Income returns are generally stable and often cited by investors as a primary reason for investing in real estate. In the second quarter, total returns, which combine capital and income returns, were positive in 12 of 15 countries. They were flat in the US (-0.09%), slightly negative in Ireland (-0.22%), and significantly negative in Australia (-3.07%). Preliminary NCREIF ODCE index (a capitalisation-weighted, gross-of-fee, time-weighted return index) data showed US total returns turning positive (0.25%). With values beginning to rebound, we expect the positive trajectory in total returns to continue.

Although fundraising for real estate investment shows signs of a potential rebound globally after two slow years, China and Japan could face challenges. In 3Q2024, China and Japan accounted for 27% and 15% of the US$7.5 billion ($10.04 billion) in cross-border inflows in Asia Pacific. Over half of Japan’s inflows were from global sources, while most of China’s came from within Asia Pacific, particularly Hong Kong and Singapore. Both countries face high debt costs and other factors hindering a strong rebound in real estate capital inflows.

In China, there has been a dramatic decline in interest from the West over the past few years due to geopolitical and economic concerns. Despite Beijing’s recent major stimulus package, it is unlikely to return soon. The market has been stagnant due to price dislocation, geopolitical risk and lack of liquidity. Since 2021, China has faced a property crisis exacerbated by the collapse of Evergrande. Due to these risks, many European investors are avoiding China and Hong Kong, regardless of potential returns. Additionally, China’s domestic property crisis persists, with high office vacancies and low rental yields, ongoing issues with failing developers, and government interventions.

In Japan, the Bank of Japan recently raised borrowing rates, marking the first time since 2007 that interest rates have increased. This policy is designed to control inflation, which has made the market less attractive for real estate investors. The hike has prevented cap rate compression, meaning property prices haven’t risen, forcing real estate holders to rely on historically low-income yields. However, senior housing remains an attractive niche due to Japan’s aging population, with 29% aged 65 or over. These assets are small and require an amalgamation play by investors.

Australia’s purpose-built student accommodation (PBSA) market has enormous potential due to a significant housing shortage. Only 20% of students in Melbourne and Sydney can be accommodated by universities, forcing the rest to seek private rentals. Additionally, real estate debt in Australia offers appealing risk-adjusted returns. There are funding gaps in construction, with many developers unable to secure bank financing. We are looking at sectors like logistics or PBSA, where we see long-term growth opportunities.

Stabilizing fundamentals in the real estate market, including valuations and transaction pricing, suggest that the market is close to its bottom. However, these signals alone do not indicate an attractive entry point. For market pricing and valuations to increase, we would ideally see declining interest rates and strengthening property fundamentals. With central banks in most developed markets beginning to taper interest rates, we can expect a downward pressure on financing rates, discount rates, and property capitalisation rates. This should boost the value of real estate assets.

A pullback in construction activity across sectors bodes well for property fundamentals in the medium term. With supply headwinds waning, markets with positive demand due to population growth or structural changes, such as e-commerce, are set to see increased occupancies in the medium term. Historically, occupancies and rent growth are well correlated, providing investors with opportunities to gain from increased occupancies, rents, and the associated rise in property values.

The outlook for global private real estate appears to be improving, but the rising tide is unlikely to lift all boats. For instance, the US office market still faces significant challenges, and a broad recovery in that segment seems highly unlikely in the near term. This underscores the importance of research and selectivity when investing in real estate, as not all markets and property types will perform equally well.

In an uncertain economic and geopolitical environment, additional risks are inevitable, but this applies to all asset classes. Over the past two years, the weight of real estate in investors’ portfolios has significantly decreased due to resetting real estate values and a record stock market. Today, investors might consider fresh allocations to the private real estate market to achieve a strategic weighting. Over the long term, private real estate offers low correlations to other asset classes, strong income returns, and a degree of inflation-hedging. While there may be bumps in the road, we believe the market is beginning to look up, presenting excellent investment opportunities for savvy investors.…

The recent sale of an apartment at Island View, a freehold condo in Pasir Panjang, has been making waves in the real estate market. The transaction, which took place during the week of Nov 26 to Dec 3, was the most profitable resale deal in the area. The 3,498 sq ft unit was sold for an impressive $4.8 million ($1,372 psf) on Nov 27. The seller had originally purchased the unit back in September 2005 for $1.3 million ($372 psf), making a staggering profit of $3.5 million after around 19 years of ownership. This translates to a capital gain of 269%, or an annualised profit of 14.2%.

Interestingly, this sale has set a new record for the most profitable deal at Island View, beating out the previous record of $3.19 million made from the sale of another 3,498 sq ft unit in February 2022. This unit was sold for $5.09 million ($1,455 psf), with the seller having bought it for $1.9 million ($543 psf) back in February 2007.

Island View, a boutique condo located on Jalan Mat Jambol in District 5, is a highly sought-after development due to its freehold status and prime location. Completed in 1984, the low-rise development comprises 72 units ranging from 3,056 sq ft to 3,538 sq ft. What’s more, it is just a short walk away from the Pasir Panjang MRT Station on the Circle Line.

Investing in a condo requires careful consideration of financing options. Singapore provides various mortgage choices, but it is crucial to be well-informed about the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the loan amount that a borrower can take, taking into account their income and current debt obligations. To navigate the TDSR effectively, investors can seek guidance from financial advisors or mortgage brokers. This can aid in making informed decisions and preventing the risk of over-leveraging. Condos are a significant investment, and understanding financing is crucial for a successful investment.

In a separate transaction, Cavenagh Court also made headlines with the sale of a 1,862 sq ft unit on the sixth floor for a whopping $3.65 million ($1,960 psf) on Dec 2. The seller had originally bought the unit back in April 2006 for only $1.02 million ($548 psf), making a profit of $2.63 million after nearly 19 years of ownership. This deal has set a new record for the most profitable transaction at Cavenagh Court, surpassing the previous record of $2.15 million made from the sale of another 1,862 sq ft unit in April 2022.

Cavenagh Court, a freehold condo located on Cavenagh Road in District 9’s Newton area, was completed in 1971 and comprises 68 units ranging from 1,819 sq ft to 1,862 sq ft. It is a short drive away from the Orchard Road shopping belt and is highly coveted by buyers due to its prime location.

On the flip side, the least profitable condo resale deal of the week was at The Berth By The Cove, where a duplex penthouse spanning 3,089 sq ft was sold for $3.6 million ($1,165 psf) on Nov 29. The seller had originally bought the four-bedroom unit back in August 2007 for $5.53 million ($1,790 psf), resulting in a loss of $1.93 million (35%) after around 17 years of ownership.

This sale is the second most unprofitable transaction recorded at The Berth By The Cove, with the biggest loss belonging to a 2,939 sq ft unit that was sold for $3.25 million ($1,106 psf) in February 2018. This unit was bought for $5.64 million ($1,919 psf) in October 2011, resulting in a loss of $2.39 million.

Located on Ocean Drive in the exclusive Sentosa Cove residential enclave, The Berth By The Cove boasts 200 units spread across 15 low-rise blocks of six storeys each. The development, which was completed in 2006, offers two- to four-bedroom units ranging from 1,012 sq ft to 2,325 sq ft, as well as four- and five-bedroom penthouses measuring 2,939 to 6,028 sq ft.

It is worth noting that out of the seven other resale transactions at The Berth By The Cove this year, four were unprofitable with the sellers incurring losses between $40,000 and $780,000. On the other hand, the remaining three deals were profitable, with the sellers making gains of $200,000 to $430,000.

Overall, these recent transactions at Island View, Cavenagh Court, and The Berth By The Cove showcase the diverse landscape of the Singapore property market, with some properties fetching impressive profits while others incurring losses. As always, it is important for buyers and sellers to carefully consider their options and conduct thorough research before making any property transactions.…

Cove, a Singapore-founded platform for flexible living, has recently announced the appointment of Ashish Manchharam as a board director. Manchharam, a real estate and hospitality expert, brings with him his experience as the founder of 8M Real Estate, which grew to a portfolio worth $1.5 billion over the course of 10 years. In 2023, Manchharam exited 8M Real Estate and established Elevate Capital, which focuses on investing in lifestyle-driven real estate projects.

As a board director, Manchharam will be advising Cove on its plans to acquire flexible living assets in partnership with third-party investors such as real estate funds, institutional investors, and family offices. This aligns with Cove’s strategy to accelerate its growth through an asset acquisition model, in addition to its existing model as a branded flexible living operator and online listing platform targeting professionals and students.

To sum up, purchasing a condominium in Singapore can be a highly beneficial investment with its multitude of advantages such as high demand, potential for capital appreciation, and attractive rental yields. However, it is crucial to carefully evaluate elements like location, financing options, government regulations, and market conditions before making a decision. Conducting extensive research and seeking guidance from industry experts can help investors make informed choices and maximize their returns in Singapore’s ever-evolving real estate sector. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, the condominium market in Singapore offers a compelling opportunity. Additionally, stay updated with the latest developments and new condo launches to stay ahead in the dynamic real estate market of Singapore.

Since its inception in 2018, Cove has expanded to over 6,000 rooms in Singapore and Indonesia. The company now aims to extend its reach to the wider Asia Pacific region, with plans to launch 800 rooms in South Korea and 400 rooms in Japan through local joint venture partners.

To support its regional expansion, Cove has raised an additional US$4.5 million in funding. Manchharam was one of the participants in this funding round, along with existing investors Eurazeo and Keppel, who had previously taken a minority stake in Cove in December 2020.

According to Guillaume Catagne, CEO and co-founder of Cove, the company saw significant portfolio growth in 2024 and achieved a positive EBITDA. With plans to more than double its portfolio to 15,000 units by the end of 2025, Cove is poised for continued success in the flexible living market.…

on Thomson

Singapore has a high demand for condominiums due to limited availability of land. Being a small island country with a growing population, Singapore is faced with the challenge of finding land for development. This has resulted in strict land use regulations and a cutthroat real estate market, where property prices are continuously on the rise. As a result, real estate investment, especially in condos, has become a profitable venture with the potential for capital appreciation. In fact, Singapore Projects present a prime opportunity for individuals looking to invest in the country’s real estate market.

William Liem, the CEO of real estate company Tuan Sing Holdings, has once again increased his ownership in the company. Through his entity Nuri Holdings (S), Liem recently purchased a total of 1.7 million shares from the open market on December 5 and 6. The total cost of this purchase was $447,613.50, with each share being priced at 25 cents.

This recent purchase has brought Nuri Holdings’ stake in Tuan Sing to 672.7 million shares, making up 54.09% of the company’s total shares. In September, Nuri Holdings also made a similar purchase, acquiring shares at an average price of 25 to 25.5 cents.

According to their latest financial report, as of June 30, Tuan Sing’s net asset value was valued at 97.8 cents per share, slightly lower than the previous year’s value of 99 cents per share.

In other news, Tuan Sing recently acquired several assets from PT Senimba Bay Resort in Batam for a total of $28 million. This acquisition is a strategic move for the company as it continues to expand its portfolio.

Tuan Sing Holdings also reported a 5% increase in earnings for the financial year of 2023, bringing their total earnings to $4.8 million. With their recent acquisitions and increase in ownership by its CEO, Tuan Sing Holdings is poised for further growth and success in the real estate market. For those looking for a luxurious living experience, Tuan Sing’s Peak Residence on Thomson is definitely worth considering.…

The temptation to invest in a condominium in Singapore has captured the attention of investors, both local and international alike. This can be attributed to the country’s robust economy, stable political climate, and enviable living standards. As the real estate market in Singapore overflows with opportunities, condos have emerged as a sought-after option, thanks to their prime location, extensive amenities, and potential for high returns. In this article, we will explore the benefits, considerations, and necessary steps involved in investing in a Singapore condo, shedding light on the appeal of this specific type of property. The appeal of condos in Singapore has captured the attention of investors, both local and international. This is largely due to the country’s strong economy, stable political environment, and desirable living standards. With the real estate market in Singapore offering countless opportunities, condos have emerged as a popular choice due to their strategic locations, wide array of amenities, and potential for substantial returns. In this article, we will delve into the advantages, factors to consider, and steps to take when investing in a condo in Singapore, shedding light on the appeal of this type of property.

The manager of AIMS APAC REIT (AA REIT), Russell Ng, has announced that the REIT’s trustee, HSBC Institutional Trust Services (Singapore) Limited, has signed a sales and purchase agreement with Crown Worldwide. This agreement will result in the divestment of AA REIT’s property located at 3 Toh Tuck Link.

The sale price of $24.388 million is a 32.5% premium to the property’s valuation of $18.4 million as of March 31. The property comprises of a three-storey factory and a five-storey ancillary office building, with a total gross floor area of 12,492.4 sqm.

The net proceeds from the divestment will be reinvested to support AA REIT’s growth initiatives, including potential new acquisitions, asset enhancement initiatives, or future redevelopment projects. According to Ng, this aligns with the REIT’s proactive asset management strategy and continuous efforts towards portfolio rejuvenation. This will ultimately strengthen AA REIT’s resiliency and deliver long-term sustainable returns for its unitholders.

The divestment is expected to be completed in the first half of 2025, subject to approval from JTC Corporation. Following the divestment, AA REIT’s portfolio will consist of 27 properties across Singapore and Australia.…

A charming conservation shophouse located at 93 Tanjong Pagar Road has been put up for sale through an expression of interest (EOI) exercise, with a guide price of $15.5 million. The attractive 3½-storey property sits on a land area of 1,297 sq ft and boasts a generous gross floor area (GFA) of 4,186 sq ft. This translates to a guide price of $3,703 psf on the GFA.

Investing in a condominium in Singapore has many advantages, one of which is the potential for substantial capital appreciation. This Southeast Asian country is a major business hub, with a strong economy that continues to drive demand for real estate. Over the years, the real estate market in Singapore has consistently shown growth, especially in prime locations where condos are located. Smart investors who time their investments wisely and hold onto their properties for a significant period of time can see remarkable financial gains. Furthermore, with the continuous influx of new condo launches in Singapore, the potential for capital appreciation becomes even more promising. Therefore, investing in new condo launches in Singapore can be a lucrative opportunity for individuals looking to increase their wealth through real estate.

Conveniently located, the 99-year leasehold shophouse is a commercial property with approval for F&B use. Currently, it is tenanted by a popular Korean barbecue restaurant chain, occupying levels 1 and 2. Situated just a short walk away from the Tanjong Pagar MRT Station on the East-West Line and the Maxwell MRT Station on the Thomson-East Coast Line, the property provides easy access for both tenants and customers.

The shophouse is being marketed by PropNex Shophouse Elites, and interested parties are invited to submit their EOI by noon on Jan 20, 2025. Don’t miss this opportunity to own a piece of heritage charm in the heart of the city. Contact PropNex Shophouse Elites for more information.…

Perennial Holdings and Far East Organization have unveiled their plans for the revitalization of the former Golden Mile Complex. Now known as Golden Mile Singapore, the development will be Singapore’s first large-scale strata-titled conserved building, preserving its iconic tropical linear urban complex with brutalist architecture. The conserved building has been renamed The Golden Mile and will be repositioned into a commercial development with 156 Grade A office units, 19 medical suites, a two-storey retail component, and a public access architecture center.

The joint venture partners have partnered with DP Architects and Studio Lapis to bring their vision to life. The development will also include a 45-storey residential tower named Aurea, with 188 luxury units. Pua Seck Guan, CEO of Perennial Holdings, is excited about the opportunity to revive the vibrant and eclectic retail mix that characterized the heyday of Golden Mile Complex in the 1970s. He believes this revitalization will elevate the building’s status as a next-generation urban complex in Singapore.

The new design will see retail taking up 15% of the strata area, offices occupying 48%, and residential use taking up 30%. The remaining 4% will be allocated for medical suites and 3% for the architecture center. Two public access urban gardens will also be created on the 9th and 18th floors, utilizing previously vacant spaces within the complex. The retail atrium will be revamped with natural light and ventilation, bringing back the original shopping experience. These retail units will be curated by the joint venture partners and will not be available for sale.

The preview of the strata-titled office units will be launched this month, with six different layouts to cater to a wide variety of end-users. The office suites will have a dedicated lobby and new lift cores to support the increase in office units. The new office lobby will feature a 6-meter high ceiling, a concierge, and centralized access control. The Flagship office units on the 4th – 7th floors will have a dedicated lift lobby with direct access to the basement carpark and retail floors. The Loft Suites and Loft Executive units will have full-height windows to enjoy landscape views overlooking Beach Road. The Loft Mezzanine units will feature a dual-key layout, and the Enterprise Office units will offer panoramic city and bay views. The newly built Crown Office units on the top four floors will have four units per floor, spanning 3,315 sq ft to 5,393 sq ft.

When considering investing in condos in Singapore, one must also take into account the government’s property cooling measures. In an effort to maintain a stable real estate market and discourage speculative purchases, the Singaporean government has implemented various measures over the years. These measures, such as the Additional Buyer’s Stamp Duty (ABSD), impose higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a safer investment environment. For up-to-date information on the latest condo launches, visit New Condo Launches.

Pua believes that the office units, especially the Loft Mezzanine units, will appeal to family offices, with 2,500 having established themselves in Singapore in recent years. The mix of tenant profiles, from corporate tenants to family offices, will create a diverse and dynamic ecosystem. The joint venture partners intend to screen prospective buyers for their suitability to ensure a good mix of tenants from various industries and market segments. The preview of the strata-titled office units at The Golden Mile will launch this month.…

A three-storey shophouse located at 76 Pagoda Street in the vibrant Chinatown neighborhood is currently up for sale through an expression of interest (EOI) exercise. The guide price for this rare gem is set at $16 million, making it an attractive investment opportunity for potential buyers.

Spanning across a 99-year leasehold plot of 1,372 sq ft, the commercial property encompasses a total gross floor area (GFA) of 3,500 sq ft, including an attic level. With this GFA, the price per square foot stands at around $4,571.

PropNex Shophouse Elites founder, Richard Tan, who is the sole marketing agent for the property, reveals that the ground and second floors are currently being rented out to a restaurant operator, while the third floor is being leased as office space.

According to Tan, commercial shophouses, especially in the bustling Chinatown enclave, are highly sought-after by owner-occupiers, high-net-worth individuals, or family offices as long-term investment assets. Plus, since it is a commercial property, foreigners and companies can acquire it without having to pay additional buyer’s stamp duty or seller’s stamp duty.

Singapore’s cityscape is dominated by towering skyscrapers and contemporary infrastructure. Condominiums, strategically situated in sought-after locations, offer a fusion of opulence and accessibility that entices both locals and foreigners. These residences boast an array of facilities like pools, fitness centers, and security services, elevating the standard of living and making them a desirable choice for prospective renters and purchasers. For investors, these perks equate to greater rental returns and appreciation of Singapore Condo properties in the long run.

The most recent transaction made on Pagoda Street was in March, when another shophouse, 31 Pagoda Street, was sold for $19 million ($5,588 psf), with an estimated GFA of 3,400 sq ft.

Next, a two-storey HDB shophouse located at 210 New Upper Changi Road is now up for sale through an EOI exercise, with a guide price of $13.8 million. This 103-year leasehold property offers a total GFA of 4,607 sq ft and is priced at $2,995 psf based on the GFA.

One of the standout features of this property, as highlighted by senior associate marketing director at PropNex, Kris Ng, who is marketing the property, is its long-term, stable tenants. For the last 20 years, the property has been rented out to a healthcare retailer, Guardian, and United Overseas Bank (UOB).

Located within the bustling Bedok Town Centre, the shophouse is also in close proximity to Bedok MRT Station on the East-West Line, as well as Bedok Mall and Heartbeat@Bedok. Plus, being a commercial property, foreigners and companies can acquire it without having to pay additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD).

The EOI exercise for 210 New Upper Changi Road ends on Jan 10, 2025, at noon. Interested parties can check out the latest listings for commercial properties on Ask Buddy, where they can find past commercial sale transactions, rental transactions, price trends, and listings for sale and rent.

Overall, with the current listings for commercial real estate properties on Ask Buddy, investing in shophouses or other commercial properties could be a wise decision for long-term returns, as evidenced by the recent sales transactions in the Pagoda Street and Bedok areas.…

The Great Room, a leading provider of co-working spaces, has recently announced the launch of its second Australian location in partnership with LendLease at One O’Connell Street in Sydney. Spanning 25,360 sq ft across levels 14 and 15 of the office building, the new flexible workspace offers a unique and premium product that ensures sustainable profitability.

According to Jaelle Ang, CEO of The Great Room, the collaboration with LendLease for long-term investment and value creation was crucial in creating a space that reflects the company’s standards and vision. The 36-storey property, completed in 1991, is located within the bustling Sydney CBD.

This marks a significant expansion for The Great Room in Australia, following its debut earlier this year at level 29 of 85 Castlereagh Street, another office building in the CBD. The company, founded in Singapore, now has 12 locations across Singapore, Bangkok, Hong Kong, and Sydney.

In addition to its co-working spaces, The Great Room also offers a wide range of networking opportunities for its members through monthly networking sessions and panel discussions.

With its recent acquisition by the New York-based co-working business, Industrious, members of The Great Room now have access to 160 destinations operated by both brands in Asia Pacific, Europe, North America, and the UK. This acquisition has further strengthened the company’s global presence and demonstrates its commitment to providing its members with the best possible co-working experience.

Investing in a condominium in Singapore presents numerous benefits, the most prominent being the potential for an increase in capital value. Singapore’s advantageous position as a major business hub and its robust economic foundations contribute to a consistent demand for real estate. This has resulted in a steady rise in property prices in Singapore, particularly in prime locations where condos have experienced significant appreciation. Savvy investors who time their entry into the market correctly and hold onto their properties for an extended period of time have the opportunity to reap substantial capital gains. To take advantage of this lucrative market, consider exploring Singapore Projects.

In Singapore, The Great Room has also expanded its footprint with the launch of Csuites Powered by The Great Room at Paya Lebar Quarter in October. This is their first outlet outside the CBD and is equipped with private manager cabins, soundproof meeting rooms, floor-to-ceiling windows, and ergonomic workstations for the comfort of its members. With its continuous growth and expansion, The Great Room continues to deliver on its promise of creating spaces that inspire and foster collaboration among its diverse community of professionals.…