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An opportunity to acquire a residential development site at Jalan Naung has emerged as it is now being put up for sale via expression of interest (EOI) with an asking price of $8.38 million. The highly coveted land, with a 999-year leasehold, is strategically located at Upper Serangoon Road in District 19 and spans over a generous area of 5,408 sq ft. This equates to a competitive asking price of $1,550 psf on the land area.

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The Singapore Condo market is not only attractive due to its potential for high returns, but also because of the government’s strict property cooling measures. In an effort to maintain a steady real estate market and prevent speculative buying, the Singaporean government has implemented various measures over the years. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those acquiring multiple properties. Although these measures may affect the short-term profitability of Singapore Condo investments, they ultimately contribute to the long-term stability of the market, making it a more secure investment environment.

Designated as a residential area under the URA Master Plan 2019, this site is part of a three-storey mixed-landed enclave. According to Brilliance Capital, the sole marketing agent for the land, the potential uses for the site include a detached house, a pair of semi-detached houses, or a strata mixed-landed development, subject to approvals from the relevant authorities.

Incredible connectivity is a key aspect of this site. The land is conveniently situated within walking distance of Hougang MRT Station and Hougang Central Bus Interchange. For those who prefer to shop, dine and indulge, NEX, Hougang Mall and Heartland Mall are all within a short 10-minute drive.

Families with young children will also be glad to know that highly reputable schools such as CHIJ Our Lady of the Nativity, Holy Innocents’ Primary School, Montfort Junior School and Punggol Primary School are located within a 1km radius.

The vacant plot of land is exclusively owned by a single seller, which streamlines the acquisition process and ensures a smooth transaction for potential buyers. “We anticipate a high level of interest from a diverse pool of developers, ranging from boutique firms to larger established players, aspiring developers, as well as end-users looking to build their dream home,” says Sammi Lim, the founder and executive director of Brilliance Capital.

She adds: “It is indeed rare for such a prime plot to be made available for sale in the market, especially one that offers a variety of options and permutations for development, accommodating different needs and preferences, including multi-generational living.”

Interested parties for the land parcel are invited to participate in the EOI exercise which will close on March 6 at 3pm. This sale is expected to generate keen interest and prompt action due to the scarcity of such prime land in this highly sought-after location.…

Investing in a condominium in Singapore has become a highly sought-after option for both local and foreign investors, thanks to the country’s thriving economy, stable political climate, and exceptional quality of life. With its diverse range of real estate opportunities, Singapore offers a promising market, and condominiums in particular stand out for their convenience, amenities, and potential for profitable returns. In this article, we will delve into the advantages, factors to keep in mind, and necessary steps when considering a condo investment in Singapore, with a special focus on the latest developments by Singapore Projects.

Radisson Collection, a prestigious hotel brand owned by the Radisson Hotel Group, has made its debut in Southeast Asia and the Pacific region with the opening of a luxurious seafront property in Galle, Sri Lanka. The Radisson Collection Resort, Galle boasts 106 exquisite rooms and suites, making it the group’s fourth hotel in the country.

Each of the 76 guest rooms and suites at the hotel offers stunning ocean views, providing guests with a truly luxurious and tranquil experience. The resort also boasts top-notch amenities, including a beachfront pool, a kids’ club with 24-hour nanny services, and a variety of dining options such as the Asia-Japanese fusion restaurant Ozen and the seafood eatery Catch Restaurant. Guests can also enjoy the Taboo Beach Club, an entertainment zone located on the beachfront, where they can relax on sun loungers and daybeds while sipping on drinks served straight to their seat.

Galle, situated on the southwest coast of Sri Lanka, is a city rich in history and culture. One of its main attractions is the Galle Fort, a 17th-century fortress that has been designated as a UNESCO World Heritage site. In addition to this, the city is home to ancient temples, colonial buildings, and wildlife centers, including a sea turtle hatchery.

For travelers seeking a luxurious and culturally rich vacation, the Radisson Collection Resort, Galle is the perfect destination. The hotel promises an unforgettable experience for all its guests, making it the ideal choice for those visiting Sri Lanka. Book your stay now and indulge in the ultimate luxury experience in Galle.…

Engineering consulting firm Meinhardt, based in Singapore, has entered into a memorandum of understanding (MOU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) to jointly pursue digital and smart city initiatives in developing countries in the ASEAN region. This was announced in a press release on January 17.

Investing in a condo also offers another perk – the opportunity to utilize the condo’s value for further investments. A common approach among investors is leveraging their condo as collateral to secure financing for new investments. This approach not only expands their real estate portfolio but can also amplify their returns. However, it’s important to note that this strategy also comes with risks. Therefore, it’s crucial to have a solid financial plan in place and carefully evaluate the potential impact of market fluctuations on these investments. With the right approach, condo investments can provide a great opportunity to grow and diversify one’s real estate portfolio.

The agreement aims to enhance and implement sustainable urban solutions through the exchange of knowledge and resources. JOIN is well-positioned to support Japanese infrastructure exports, while Meinhardt brings expertise in integrated planning, design, and project management to the table, according to the release.

Join is a public-private fund in Japan that facilitates investments by Japanese companies in infrastructure projects abroad.

This partnership is a result of the Memorandum of Cooperation (MOC) signed last November between Japan’s Ministry of Land, Infrastructure, Transport and Tourism and the Singapore Cooperation Enterprise. The objective of the MOC is to promote the development of digital and smart cities in the ASEAN region and other parts of the world.

Meinhardt says that the MOU will provide a platform for both parties to exchange information, identify opportunities for collaboration, and work together on projects from the initial stages to make a significant impact globally.…

In a press release on January 20, Minister for National Development Desmond Lee announced that the final two pandemic-delayed projects from the Housing Development Board (HDB) have been completed. The two Build-to-Order (BTO) projects, Punggol Point Cove (Phase 2) and Kempas Residences, mark the end of HDB’s housing projects that were delayed due to the pandemic. Together, these two projects have delivered over 75,800 new flats to Singaporeans in the last five years.

In 2024, a total of 22 housing projects were completed by HDB, out of which 17 were delayed due to the pandemic. The remaining four projects were completed on time, except for one which was delayed for non-pandemic reasons. These 22 projects also include two Shorter Waiting Time (SWT) projects, Parc Glen at Tengah and Grove Spring at Yishun, which were completed within a waiting period of less than three years and made up of 1,995 flats. The rest of the projects had waiting times of up to five years, with over 18,000 flats completed in 2024.

Overall, choosing to invest in a Singapore condo brings with it a plethora of benefits, including a high demand for such properties, potential for significant capital appreciation, and enticing rental yields. However, it is crucial to carefully consider several factors before making any investment decisions, such as location, financing options, government regulations, and prevailing market conditions. By conducting in-depth research and seeking advice from industry experts, investors can make well-informed choices and fully capitalize on the ever-evolving real estate market in Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and lucrative investment opportunity, the Singapore condo market offers an irresistible prospect. Don’t miss out on this opportunity and make sure to check out Singapore Condo for the best options available.

Punggol Point Cove (Phase 2) residents have started receiving the keys to their new homes since November 2024, while keys collection for Kempas Residences began in mid-January this year. HDB is expected to inform the remaining flat owners about their key collection dates soon, following the completion of the final blocks in both projects this month. Punggol Point Cove (Phase 2) is situated along New Punggol Road and comprises 1,179 units of two-room flexi, three-, four-, and five-room flats across six residential blocks. The last block of this project was completed 12 months later than its original Probable Completion Date (PCD) due to pandemic delays. As of January 15, 657 households or 59% of the 1,109 booked units have collected their keys. According to HDB, the completion of Punggol Point Cove (Phase 2) marks the end of all flats in the Punggol Point District, including Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects, which were completed in 2024.

Kempas Residences, located between Serangoon Road, Lavender Street, and Boon Kheng Road, has 583 units of two-room flexi, three-, and four-room flats across four residential blocks. The final block, delayed by six months from its original PCD, was completed in mid-January. As of January 15, 37 households or around 7% of the 555 booked units have collected their keys. Currently, there are 110 HDB housing projects under construction, an increase from 95 a year ago due to the rise in BTO supply in recent years. HDB is on track to complete around 17,000 flats across 27 projects in 2025.…

In a recent filing on January 20, City Developments Limited (CDL) announced that its subsidiary, CDL Hotels Holdings New Zealand Limited (CDLHH NZ), is offering $2.25 ($1.72) per share to acquire all the remaining shares of New Zealand-listed Millennium & Copthorne Hotels New Zealand Limited (MCK). Once the offer is completed, CDL plans to delist and privatize MCK, simplifying the ownership structure of its New Zealand entities.

The demand for condos in Singapore has soared in recent years, making it an attractive investment option for both locals and foreigners. The country’s strong economy, stable political climate, and exceptional quality of life are just a few of the reasons why many are choosing to invest in this market. With a multitude of opportunities available in Singapore’s real estate sector, condos are particularly appealing for their convenience, amenities, and potential for high returns. In this article, we will delve into the advantages, considerations, and steps involved in investing in a condo in Singapore, with a focus on Singapore Projects.

At present, MCK owns, leases, or has under franchise a total of 18 hotels in New Zealand. It also has a majority stake in CDL Investments New Zealand Limited and holds interests in properties in Australia through its subsidiaries in the Kingsgate Group.

As of January 17, CDLHH NZ holds 80.02 million MCK shares, representing a 75.86% stake out of the total 105.48 million shares in issue. If CDLHH NZ exceeds the threshold required to trigger the compulsory acquisition provisions of the New Zealand takeover code, it will compulsorily acquire all of the outstanding shares in MCK. Additionally, CDLHH NZ also has the option to redeem the non-voting redeemable preference shares issued by MCK.

Since the offer does not include the MCK non-voting redeemable preference shares, CDLHH NZ has expressed its willingness to acquire these shares at $1.70 or approximately $1.30 per share through its broker, Craigs Investment Partners, by buying them on the Main Board of the New Zealand Stock Exchange (NZX). As of January 17, CDLHH NZ already holds 91.34% or 48.17 million of MCK’s non-voting redeemable preference shares.

If the offer is fully accepted by MCK’s shareholders, CDLHH NZ will pay a total consideration of $57.29 million. Additionally, CDLHH NZ is also expected to pay around $7.77 million to acquire all of the redeemable preference shares it is seeking.

The offer price for MCK’s shares and redeemable preference shares takes into account the current and historical market prices, as well as the operating environment of the company. As of June 30, 2024, MCK had a net asset value (NAV) of $532.02 million and a net tangible asset value (NTA) of the same amount. The NAV and NTA attributable to the MCK shares subject to the offer are estimated to be $85.62 million each as of June 30, 2024.

The offer is contingent on CDLHH NZ receiving 90% or more of the voting rights in MCK by May 2, 5pm. It is also conditional on CDLHH NZ obtaining consent under the Overseas Investment Act 2005 of New Zealand and the Overseas Investment Regulations 2005 of New Zealand to own and control all of MCK’s shares.

The implementation and payment of the offer are not expected to have a significant impact on CDL’s earnings per share (EPS) or net tangible assets (NTA) for the fiscal year ending December 31, 2025.…

The Singaporean government’s property cooling measures are an important factor to consider when investing in condos in the country. In an effort to control speculative buying and maintain a steady real estate market, the government has implemented various measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the immediate profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment environment.

Teo Hong Lim, the executive chairman of property developer Roxy-Pacific Holdings, announced that on Jan 18, the first day of its launch, 71 out of 113 units at Bagnall Haus, a freehold condominium, were sold. This equals a sales rate of approximately 63%, with an average transacted price of $2,490 per square foot (psf).Of the buyers, over 90% were Singaporeans, according to Teo. He also stated that most of them were end-users with varying budgets. The take-up rate was strong for all unit types, with the two- and three-bedroom units being the most popular. However, there was also demand for the larger five-bedroom units.Located in District 16, Bagnall Haus is situated along Upper East Coast Road and has a total of 113 residential units spread out over three five-storey blocks on a freehold land size of 74,280 square feet. The units available are a mix of one-bedroom plus flexi sized at 495 square feet and five-bedroom units sized at 1,528 square feet.Find out the latest prices and unit availability for new launchesAdvertisementAdvertisementIsmail Gafoor, the CEO of PropNex, stated that out of the 71 residential units sold at Bagnall Haus, around 59% were one- and two-bedroom units that fetched prices slightly below $2.1 million. He also mentioned that the three-bedroom units were highly sought after, with 18 out of 20 units being sold at prices ranging from $2.3 million to $2.7million. The remaining four- and five-bedroom units were sold for approximately $3 million to $3.8 million.Gafoor believes that the pricing, which is typically below $3 million, is appealing to most buyers. The average transacted price of $2,490 psf was also “compelling for a well-located freehold development”, according to Gafoor. He further states that buyers saw value in the project, especially when compared to some 99-year leasehold new launches in the Outside Central Region (OCR), such as Chuan Park, which reached an average price of $2,579 psf when it launched in November 2024. Around 59% of the 71 units sold were one- and two-bedroom units that were priced just below $2.1 million (Photo: Albert Chua/EdgeProp Singapore)In addition to the 71 residential units sold, both strata-titled shop units on the ground floor of Bagnall Haus, measuring 172 square feet each, were sold for $688,000 ($4,000 psf) each.”Most buyers were owner-occupiers,” states Marcus Chu, CEO of ERA Singapore. He also mentioned that while some buyers were current homeowners of older landed properties looking to downsize into more manageable and newer apartments, others were families from the neighbourhood wanting to upgrade to a freehold property. According to Chu, Bagnall Haus benefits from its close proximity to established amenities and reputable schools, such as Temasek Primary School, which is within 1km radius.Read also: Bagnall Haus: a rare freehold project steps from Sungei Bedok MRT, one stop from Bayshore’s transformationAdvertisementThe development is also within walking distance of the upcoming Sungei Bedok MRT Station, which is an interchange for the Downtown and Thomson-East Coast lines. It is only one stop away from Bedok South MRT Station, which will be part of an integrated transport hub, showcasing a new bus interchange within the upcoming Bayshore precinct. This hub will also include a mixed-use development incorporating retail and residential components.”Sales at Bagnall Haus were driven by pent-up demand, which stemmed from a 15-year wait for a new project in the area, as well as its freehold tenure,” according to Mark Yip, CEO of Huttons Asia. “It is uncommon to find a freehold project located right next to an MRT station. Buyers recognized the potential benefits of the Bayshore precinct’s upcoming transformation.” Check the latest listings for Bagnall Haus propertiesAsk BuddyExplore condo sale transactions in District 16Compare the price trend of newly launched condos vs executive condosFind out more about upcoming new launch projectsLooking for condo rentals in District 16Recently launched projectsCondo sale transactions in District 16Compare the price trend of newly launched condos vs executive condosFind out more about upcoming new launch projectsLooking for condo rentals in District 16Recently launched projects…

Choosing the right location is a critical factor in real estate investment, and this is particularly crucial in Singapore. In this country, condos that are situated in central areas or close to important amenities, such as schools, shopping centers, and public transportation hubs, tend to have a higher appreciation in value. Some of the most sought-after locations in Singapore include Orchard Road, Marina Bay, and the Central Business District (CBD), where property values have consistently shown strong growth. With the recent New Condo Launches, the demand for properties in these prime locations is only expected to increase. Additionally, the proximity to reputable schools and educational institutions makes condos in these areas highly desirable for families, making them an even more attractive investment option.

Commonwealth Towers has emerged as the top private non-landed property in Singapore to hit a new psf-price peak during the week of Dec 27 to Jan 3. The 99-year leasehold condominium reached a record price of $2,460 psf on Dec 27 with the sale of a three-bedroom unit on the 40th floor for $2.22 million. This surpasses the previous high of $2,402 psf, which was set just three months earlier with the sale of a two-bedroom unit on the 42nd floor for $1.65 million in September 2024. The average resale price at Commonwealth Towers has been on the rise for the past three years, with an 11.6% increase since 2022. Parq Bella, a boutique freehold development on Tembeling Road in District 15, took second place on the list, setting a new psf-price high of $2,416 when a three-bedroom unit was sold for $2.6 million on Dec 31. This beats the previous record of $2,385 set in August 2023. The boutique project has seen a total of five sale transactions at an average price of $2,347 psf. Lastly, Klimt Cairnhill, a freehold luxury development in District 9, was the only private residential property to see a new psf-price low during the week. The developer sold a two-bedroom unit for $2.55 million on Jan 3, translating to $3,077 psf – the lowest psf price recorded at the development. However, with a 100% sales rate and an average price of $3,665 psf, the project has emerged as the most profitable among all the transactions in this review.…

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HDB to Offer Over 25,000 New Flats in 2025

The Singaporean government’s property cooling measures are a crucial factor to consider when investing in condos in the country. Through the years, the government has implemented several measures to control speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on both foreign buyers and those purchasing multiple properties. While these measures may have a temporary impact on the profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a secure investment environment.

The Housing and Development Board (HDB) will launch more than 25,000 new flats in 2025, Minister for National Development Desmond Lee announced in a joint press release by HDB and the Ministry of National Development (MND) on Jan 16.

The new flats will be a mix of Build-to-Order (BTO) and Sale of Balance (SBF) flats, with a total of around 19,600 BTO flats across three sales exercises and more than 5,500 SBF flats in one SBF sale exercise. These units will fall under the new Standard, Plus and Prime BTO flat classification framework.

In the upcoming February BTO launch, approximately 5,000 flats will be offered in Kallang/Whampoa, Queenstown, Woodlands, and Yishun.

The HDB will also conduct its largest-ever Sale of Balance Flats (SBF) exercise next month, with more than 5,500 flats offered across various estates. Around 40% of these flats are already completed, while the rest are expected to be finished between 2025 and 2028.

In total, more than 10,000 new flats will be made available under the February BTO and SBF exercises.

In the past four years, from 2021 to 2024, HDB has launched around 82,700 BTO flats. With a planned pipeline of 19,600 BTO flats in 2025, HDB is on track to launch over 102,300 BTO flats, surpassing its commitment of 100,000 units over five years.

The increase in BTO supply has resulted in a drop in application rates. In 2024, the average application rate among first-time homebuyers for BTO flats of all types was 2.1, compared to 3.7 in 2019 before the pandemic. The average rate for three-room and larger BTO units last year was 2.2, down from 4.0 in 2019.

Minister Lee has assured that HDB will continue to release a steady pipeline of flats in the next few years to meet housing demand. Over 50,000 flats are expected to be launched between 2025 and 2027, bringing the total to around 130,000 flats from 2021 to 2027.

Approximately 3,800 of the 19,600 new flats, or one-fifth of the BTO flats in 2025, will be Shorter Waiting Time (SWT) flats with a waiting time of less than three years. This is an increase from the 2,876 SWT flats offered in 2024 and more than the committed annual supply of 2,000 to 3,000 SWT flats.

According to Lee Sze Teck, Senior Director of Data Analytics at Huttons Asia, the SWT flats will provide more options for buyers and potentially attract demand away from the resale market.

In 2025, around 7,000 HDB flats will reach their five-year Minimum Occupation Period (MOP), the lowest supply of such resale flats since 2015. “With HDB promising more BTO and SBF flats to meet demand, this will offer more choices for buyers and stabilise the resale market,” says Lee. “The larger flat supply and SWT flats will address the shortage of MOP flats.”

Huttons’ Lee estimates that HDB resale flat transactions in 2025 will range from 26,000 to 28,000, lower than the 28,876 units recorded in 2024. Resale flat prices are expected to grow at a slower pace of 5% to 8% this year, compared to the 9.6% increase reflected in HDB’s flash estimate for 2024.…

Investing in a condominium (condo) in Singapore presents a plethora of benefits, making it a wise choice for investors. The country’s high demand for condos, coupled with the potential for significant capital appreciation, makes it an attractive option. Additionally, the rental yields are also appealing to investors. However, it is crucial to take into account various factors such as location, financing, government regulations, and market conditions before making an investment decision. Therefore, conducting extensive research and consulting with experts can aid in making informed choices and maximizing returns in the dynamic real estate market of Singapore. Whether you are a local investor aiming to diversify your portfolio or a foreign buyer seeking a secure and profitable investment, condos in Singapore present an enticing opportunity that should not be overlooked. To explore more options, check out Singapore Projects for a comprehensive list of available properties in the country.

The most profitable resale transaction in the first week of January 2025 in Singapore was the sale of a three-bedroom penthouse at Orchid Mansion on Amber Road. The transaction resulted in a profit of $2.58 million (112%) and was the most profitable resale transaction during the period of Dec 31, 2024, to Jan 7, 2025. The unit, which is situated on the 21st floor of the 20-year-old freehold development, was sold for $4.88 million ($1,717 psf) on Dec 31. This marks an increase from its previous purchase price of $2.3 million ($809 psf) in March 2009. With an annualized profit of 4.9% over the span of nearly 16 years, it is also the most profitable resale transaction to date at Orchid Mansion.This sale has broken the previous record held at the development, when a three-bedroom unit on the seventh floor was sold for $2.73 million ($1,812 psf) in July 2022, resulting in a profit of $1.15 million (72.6%). The unit was bought for $1.58 million ($1,050 psf) back in June 2007.Orchid Mansion, situated at 11 Amber Road in District 15, is a 21-story residential tower that offers a mix of two- and three-bedroom units ranging from 1,346 sq ft to 2,002 sq ft. There are also two penthouses, each measuring 2,842 sq ft and 2,734 sq ft respectively. This development, which is 20 years old, boasts a prime location and is popular among buyers due to its freehold tenure.In the same period, the second most profitable resale transaction took place at Villa Marina on Jan 3. A three-bedroom unit on the ground floor, measuring 1,625 sq ft, was sold for $2.35 million ($1,446 psf). The seller had previously purchased the unit for $630,500 ($388 psf) back in September 2006. This translates to a profit of $1.72 million (273%), or an annualized profit of 7.6% over the span of 18 years. This sale has also overtaken the previous profitable record held at Villa Marina, when a unit on the fourth floor measuring 1,916 sq ft was sold for $1.58 million (219%) in July 2024. This had previously fetched $720,416 ($376 psf) back in November 1998.Villa Marina, situated at Jalan Sempadan in District 15, is a 99-year leasehold development that was completed in 1999. This development consists of 27 low-rise residential blocks housing a total of 432 units, with a mix of one- to four-bedroom units ranging from 1,087 sq ft to 2,314 sq ft. The development is close to the Masjid Kampong Siglap mosque and is conveniently located near Siglap MRT station and East Coast Park. Families with young children will also appreciate that the development is surrounded by top primary schools within a 1km radius.On the other hand, the most unprofitable resale transaction of the week was the sale of a two-bedroom unit on the 17th floor of Marina Bay Residences on Jan 2. The 1,130 sq ft unit was sold at $2.1 million ($1,858 psf), resulting in a loss of $386,000 (16%) for the seller. This marks an increase from the purchase price of $2.49 million ($2,200 psf) back in November 2007. With an annualized loss of 1% over 17 years, this transaction is the most unprofitable resale at Marina Bay Residences last week.Marina Bay Residences saw 25 resale transactions in 2024, with 13 unprofitable transactions that resulted in losses ranging from $1.25 million to $43,600. This development, which is situated at Marina Boulevard in the Marina Bay area, has a total of 428 units and was completed in 2024. Last year, the average resale price at the development was $2,242 psf, which is higher than that at surrounding condos such as The Sail @ Marina Bay ($2,052 psf), Marina Bay Suites ($1,917 psf) and Marina One Residences ($2,133 psf).Marina Bay Residences is one of two 99-year leasehold luxury condos in Marina Bay Financial Centre (MBFC), which also comprises of three Grade-A office towers and Marina Bay Suites. The development recently underwent a $5 million revamp from Jan 2022 to Sept 2023, which saw upgrades made to all resident facilities and common spaces.…

City Developments Limited (CDL) reported that it had divested assets worth over $600 million last year, in line with its strategy to recycle capital. The company has also indicated that it has several more divestments in the pipeline.

However, this amount falls short of the $1 billion target set by CDL in early 2024, as the volume of deals across various markets and asset classes decreased significantly. Among the completed divestments are the Ransome’s Wharf site in London, the freehold 8-storey industrial building Cideco Industrial Complex in Singapore, and various strata units at Citilink Warehouse Complex, Cititech Industrial Building, Fortune Centre, and Sunshine Plaza in Singapore.

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CDL, Frasers Property, and Sekisui House have launched The Orie, a new development in Toa Payoh with prices starting from $1.28 million (Photo: CDL)

Investing in condos comes with a multitude of benefits, and one of the main advantages is the opportunity to leverage the property’s value for further investments. Numerous investors utilize their condos as collateral to secure additional financing for new investments, allowing them to expand their real estate portfolio. This approach can significantly increase returns, but it also comes with inherent risks. Therefore, having a solid financial plan in place and carefully considering the potential impact of market fluctuations is essential for successful condo investment. With the right strategy and condo investments, the possibilities for growth and expansion in the real estate market are endless.

Another divestment in progress is the retail and office components of Hong Leong City Centre (HLCC), a mixed-use development in Suzhou, which is expected to be completed this quarter. According to CDL’s CEO Sherman Kwek, the company is focused on accelerating its capital recycling plans despite challenging market conditions. He also stated that CDL aims to optimize its capital management and align its portfolio with its strategic objectives in order to maximize shareholder value.

In addition to the divestments, CDL, Frasers Property, and Sekisui House have launched a new development in Toa Payoh called The Orie, with prices starting from $1.28 million. Furthermore, Hong Leong City Centre, a mixed-use development in Suzhou, is currently under contract and scheduled for completion this quarter.

Despite these divestments, CDL’s shares closed at $5.05 on Jan 16, a 0.2% decrease for the day and a 20.97% decrease over the past year. Ask Buddy, a property comparison website, has reported that there are currently several condo rental listings in District 7. Additionally, there has been a decrease in condo rental transactions in District 7 in comparison to HDB and landed properties. Furthermore, there are a few condo projects in District 7 with unprofitable transactions, indicating a potential opportunity for investment.…