To sum it up, opting to invest in a condo in Singapore brings forth a myriad of benefits, including its high demand, potential for increase in value, and attractive rental returns. Nevertheless, it is crucial to carefully evaluate key aspects such as location, financing options, government regulations, and market conditions. Through thorough research and seeking guidance from experts, investors can make well-informed decisions and maximize their profits in the dynamic real estate market of Singapore. Whether you are a local looking to expand your investment portfolio or a foreign buyer seeking a stable and lucrative opportunity, Singapore’s condo market offers a compelling option. For more information on Singapore projects, please visit .
Perpetual (Asia) Limited, the trustee of Elite UK REIT, has sold Crown Buildings in Caerphilly, Wales for GBP710,000 ($1.2 million).The sale price represents an 18% premium as the property was valued at GBP600,000 at the end of 2024, according to an independent valuation by CBRE. At the end of 2023, the property was valued at GBP530,000. The net proceeds from the sale will be used to repay Elite UK REIT’s outstanding borrowings.Crown Buildings, Caerphilly, located in Wales, has 20,712 square feet of gross floor area, according to Elite UK REIT’s website. In January 2024, the company successfully completed a GBP28 million preferential offering, which reduced its leverage ratio from 50.0% at the end of 2023 to 43.4% at the end of 2024. Its net gearing ratio also declined from 47.5% to 42.5% during the same period. The company has no debt maturing in 2025 or 2026, and it is not due for refinancing until 2027.