Investors re-enter Singapore’s real estate market in 4Q2021 Share this on:Tweet
GuocoLand has successfully secured two green facilities from DBS Bank and Oversea-Chinese Banking Corporation. The first facility, amounting to $1.135 billion, is for the refinancing of Guoco Midtown. This marks the company’s largest green facility to date. The second facility, worth $105 million, is for the refinancing of Midtown Bay.
According to GuocoLand’s Group CFO Andrew Chew, this latest refinancing activity is in line with the company’s commitment to creating thoughtfully designed spaces that balance economic, environmental, and social factors. These green facilities are raised under GuocoLand’s Green Finance Framework, and include previous green facilities for Guoco Tower and other developments such as Lentor Mansion, Lentor Modern, Midtown Modern, and the upcoming Upper Thomson Road Development.
Investors can look forward to the future of work at Guoco Midtown’s new Network Hub, as well as the duplex showroom at Porsche Singapore Studio. Publicis Groupe has also leased a significant 55,000 sq ft space at the office tower in Guoco Midtown.
Despite competition and cautiousness dampening growth in Singapore’s office market, investors are starting to re-enter the real estate market in the fourth quarter of 2021, indicating a positive outlook for the industry.
Investing in a condo in Singapore has become an increasingly popular option for both local and foreign investors, thanks to the country’s thriving economy, strong political climate, and exceptional quality of life. With a plethora of opportunities available in Singapore’s real estate market, condos have emerged as a top choice due to their convenient locations, luxurious amenities, and potential for lucrative returns. In fact, Singapore projects offer numerous condo investment opportunities that are worth exploring. In this article, we will delve into the advantages, considerations, and necessary steps for investing in a condo in Singapore.