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The Asia Pacific (Apac) hotel industry is expected to see continued strong investment activity in 2025, based on the latest findings from a CBRE survey. According to the consultancy’s 2025 Asia Pacific Hotel Investor Intentions Survey, over 72% of hotel investors surveyed in November and December last year have plans to acquire more hotel assets this year.

Around 45% of respondents indicated their intent to increase their purchasing volume by more than 10% in 2025. Steve Carroll, head of hotels, capital markets, Asia Pacific, CBRE, explains, “Following a strong performance over the past 18 months, investors have optimistic pricing expectations for hotel and living assets in Apac in 2025.”

The survey found that the rebound in tourist arrivals, particularly in countries like Japan, Singapore, and Australia, has boosted investor confidence. “The rise in international arrivals from key markets has led to an increase in Apac hotel room rates, ensuring steady income growth for hotel operators from last year,” adds Carroll.

Furthermore, investors are encouraged by the limited hotel supply in Apac. Citing data from hospitality data intelligence group STR, CBRE notes that the hotel supply pipeline in Apac is expected to grow at a CAGR of 2.2% between 2024 and 2028, significantly lower than the 5% CAGR recorded between 2013 and 2023.

The breakdown of investment intentions by investor type revealed that Real Estate Investment Trusts (REITs) had the highest net buying intentions at 22%. This marks a significant contrast from last year’s survey, which recorded a -13% net investment intention for REITs. “After several years of negative net investment intentions, REITs have indicated their plans to acquire assets in 2025,” the report states.

Institutional investors followed closely with a net buying intention of 12%, followed by property funds at 10%. CBRE notes that private equity and real estate funds for hotels have become more active in 2024 and this trend is expected to continue this year.

However, private investors and high-net-worth individuals are anticipated to have fewer hotel acquisitions this year. “After being the most active buyer type in the region for two years, private investors have stated their intention to sell more assets in 2025, taking advantage of the improving market sentiment after acquiring assets during a period of price dislocation,” the report adds.

Investors are targeting upscale and upper midscale assets for investment in 2025, according to survey respondents. CBRE notes that in certain markets, assets have been reevaluated to a point where investors believe they can achieve value-add returns by acquiring properties with core risk profiles.

As a result, the upscale and upper midscale hotel categories were voted as the most attractive asset types for investment this year, overtaking the upper upscale category, which was the top category in last year’s survey.

The report explains this shift by the flexibility and potential for value-added opportunities offered by the upscale and upper midscale segment. This includes the redevelopment, adaptive reuse, and rebranding of existing properties, which are less expensive alternatives to new developments.

Assessing the potential rental yield is a crucial aspect to consider when investing in a condo. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can differ significantly, depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of a condo’s rental potential, it is essential to conduct thorough market research and seek advice from real estate experts. By doing so, investors can make informed decisions about their condo investment.

This segment also has a relatively lean labor pool compared to higher-tier assets, reducing labor and cost pressures. Amid this shift, investors are also turning to long-stay or hybrid hospitality models. CBRE cites investors’ growing interest in converting assets into co-living spaces as an example. This trend is expected to gain traction in places like Japan, Hong Kong, and Singapore, where there is demand for affordable accommodation in markets with rigid rental policies.

Other emerging trends include a preference among investors for assets with vacant possession at the time of acquisition, allowing for flexibility in terms of operator selection and refurbishment works. Limited-service hotels have also seen increased interest from respondents, as investors continue to focus on minimizing operational costs.

Tokyo remains the top choice among hotel investors, supported by low interest rates and stable income streams generated by hotel properties. Osaka also ranks among the top five cities for similar reasons. Singapore and Sydney also ranked high, attributed to strong hotel fundamentals such as growth in daily rates and underlying operating profits. Seoul also stands out due to an increase in visitors from mainland China, leading to a rise in daily rates and higher investor activity in recent months.…

ETC and OrangeTee Group have recently announced their merger to form a new holding company, according to a joint press release on Feb 24.

When contemplating an investment in a Singapore Condo, it is crucial to also evaluate its potential rental yield. This refers to the amount of annual rental income as a percentage of the property’s purchase price. It is worth noting that in Singapore, the rental yield for condos can vary significantly based on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer better rental yields. Therefore, conducting thorough market research and seeking advice from real estate agents can provide valuable insights into the rental potential of a specific condo.

Desmond Sim, CEO of ETC, says that the merger is not an acquisition but a collaboration of two leading companies. Sim will continue to serve as CEO of ETC and also take on the role of group CEO in the new entity. Justin Quek, current CEO of OrangeTee & Tie, will become the deputy group CEO.

After the merger, ETC will focus on consultancy and advisory services while OrangeTee will concentrate on proptech and its real estate agency business. Supported by a network of 2,803 registered salespersons with the Council for Estate Agencies (CEA), OrangeTee aims to expand its business.

The combined entity will have over 520 employees alongside the 2,803 salespersons. Sim believes that combining resources and expertise will drive significant growth and create value for stakeholders in the ever-changing real estate landscape.

This merger is a continuation of the August 2017 joint venture between the former Edmund Tie and OrangeTee, which resulted in the third-largest real estate agency in Singapore with over 4,000 agents. The former Edmund Tie acquired 20% stake in OrangeTee & Tie following the venture.

Triplestar Holdings and TH Investments, companies related to Tat Hong Holdings’ family, have acquired a majority stake in ETC after a management buyout in 2016. As some of the original shareholders retired, Triplestar and TH Investments bought back their shares, resulting in their current 100% ownership of ETC.

This year marks ETC’s 30th anniversary, and Sim believes that the merger is a significant milestone for the company. In addition, ETC has been rebranded as just “ETC” last year.

OrangeTee Group, founded in 2000, will celebrate its 25th anniversary this year. The investment holding company is led by a board of directors and supported by senior executives, including Quek, Marcus Oh, Teo Yak Huat, and Christine Sun.

With a strengthened team in both brokerage and consultancy services and advanced proptech capabilities, Quek believes that OrangeTee and Tie will be able to provide innovative solutions to its clients across all real estate sectors.

Among the stakeholders of OrangeTee Group are Tokyu Livable Inc., a subsidiary of Tokyu Fudosan Holdings and a major real estate agency in Japan, which took a 22.5% stake in the company in 2014. Private property fund Vogue Capital Group also holds a stake in OrangeTee Group.

ETC has been expanding its presence in Southeast Asia, with an office in Johor Bahru that was opened last year through its joint venture with Nawawi Tie in Malaysia. The company also has a presence in Penang and Thailand through its associate companies. Sim believes that the merger will create more opportunities for growth in the ASEAN region and Japan, especially through their partnership with Tokyu Livable.…

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Investing in a condo has many advantages, including the opportunity to leverage its value for more investments. By using their condos as security, numerous investors are able to secure additional funding for new investments, expanding their real estate portfolio. While this tactic can potentially increase profits, there are also risks involved. It is essential to have a solid financial plan and to carefully consider the potential effects of market fluctuations. Additionally, keeping an eye on new condo launches can be beneficial for condo investors looking to grow their portfolio.

The joint developers UOL Group and CapitaLand Development (CLD) have recently announced that the launch of ParkTown Residence in Tampines North was a huge success, with a total of 1,041 units sold during the launch weekend, which accounts for over 87% of the total 1,193 units available.

The project general manager of residential marketing, Anson Lim from UOL, has stated that the development has achieved an impressive average price of $2,360 per square foot (psf). The majority of buyers were either Singaporean homebuyers or investors.

The popular project has a total of 994 units, with two-bedroom and three-bedroom apartments making up 83% of the development. These unit types were the most sought after, with 92% of them sold during the launch weekend.

According to a spokesperson from UOL and CLD, the unique selling point of ParkTown Residence is its integration with a retail mall, a future MRT station, a bus interchange, a green boulevard, a community club and a hawker centre. This fully integrated residential and lifestyle development has attracted many buyers.

The project has already collected 2,367 cheques before its launch weekend, translating to a sales conversion rate of 44%, which is significantly higher than the average of 30% to 35% for most new project launches in recent years.

Mark Yip, CEO of Huttons Asia, has stated that no other mega project has sold more than 1,000 units in its launch weekend since the launch of the 1,399-unit High Park Residences, which sold 1,100 units over three days in July 2015.

The newly launched ParkTown Residence at Tampines 62 boasts an impressive location, being the first mixed-use development integrated with a transport hub at Tampines (Source: EdgeProp Landlens)

ParkTown Residence has also overtaken the previous record held by the 846-unit Emerald of Katong, which sold 835 units (99%) last November, notes Ismail Gafoor, CEO of PropNex.n”The take-up at ParkTown Residence has also surpassed that of previous integrated developments,” he adds.

The most recent integrated project launch was the 732-unit The Reserve Residences, launched in May 2023 and recorded a 71% take-up rate during its launch weekend. As of Feb 23, the project is now 98.2% sold at an average price of $2,484 psf, based on caveats lodged.

Marcus Chu, CEO of ERA Singapore, has mentioned that mixed-use developments integrated with transport hubs are popular with homebuyers and investors due to their potential for capital upside and high rentability.

Read also: Sim Lian to preview Aurelle of Tampines on Feb 22 at prices starting from $1,651 psf

The last two fully integrated developments completed were the 920-unit North Park Residences in Yishun (launched in 2015) and the 680-unit Sengkang Grand (launched in 2019) at Buangkok. North Park Residence commands an average price of $1,809 psf, which is 65% higher than the average resale prices of residential units in District 27. Meanwhile, Sengkang Grand boasts an average price of $2,029 psf, which is 25% higher than the average resale prices in District 19, notes ERA’s Chu.

ParkTown Residence is located at Tampines Street 62, which is the third largest HDB town in Singapore after Hougang and Woodlands. Huttons’ Yip has mentioned that many of the buyers were HDB upgraders who wanted to live in Tampines.

The completion of ParkTown Residence in 2030 coincides with the scheduled opening of the Tampines North MRT Station on the Cross Island Line (CRL), which is a major arterial line running from East to West of Singapore, says Ken Low, managing partner of SRI. 2030 is also the scheduled time of the planned relocation of the neighbouring Paya Lebar Airbase, freeing up approximately 800ha of land for future developments.

Under the URA Master Plan, three more government land sales (GLS) sites will be linked to the upcoming Tampines North MRT Station. However, these new projects are expected to be launched at higher prices, according to Low.

Tampines will also see new infrastructure developments by 2027, including a cycling bridge, an underpass, and another 7.7km of cycling paths, bringing the total to 40km. There will also be a new pedestrian route between Tampines MRT Station and the malls in the regional centre. Announced on Feb 22, these additions are part of the Tampines Town Council’s five-year masterplan for 2025 to 2030.

Read also: PARKTOWN Residence: Upscale living with seamless connectivity and exceptional convenience

“All these enhancements will make living in Tampines even more desirable, as it already boasts many attractive features,” says SRI’s Low. Check out the latest listings for Parktown Residence properties on Ask Buddy.…

MCL Land, CSC Land Group sell 65% of Elta units at average price of $2,537 psfThe sale of 326 out of the 501 units at Elta, a joint venture between MCL Land and CSC Land Group at Clementi Avenue 1, has attracted much attention. This translates to about 65% of sales at an average price of $2,537 psf.On top of that, 90% of the buyers are Singaporeans while the remaining 10% are permanent residents. Notably, districts 19, 5 and 23 brought in the highest number of buyers. District 19 primarily covers Hougang, Serangoon, Sengkang, Punggol and the northeast region while district 5 consists of Buona Vista, Clementi, Dover and Pasir Panjang. Finally, district 23 covers Bukit Batok, Bukit Panjang, Choa Chu Kang, Hillview and Dairy Farm.Most notably, the two-bedroom units were the most sought after among buyers with 98% of the 179 units sold at prices from $1.388 million ($2,261 psf). Meanwhile, 81% of the three-bedroom units were also taken up at prices from $2.198 million. Additionally, the one-bedroom plus study units proved to be popular, with 78% of them being sold at prices starting from $1.158 million.Get the Latest Details on Available Units and Prices for ELTAShifting focus to the buyers, over 60% of the units sold were one- and two-bedroom types transacted at prices below $2.2 million. This information was shared by Ismail Gafoor, CEO of PropNex. “The robust sales underscore buyers’ confidence in a development that seamlessly blends modern living with convenience and comfort.” MCL Land CEO, Lee Tong Voon added that “The strong sales demonstrate buyers’ trust in a project that combines contemporary living with ease and comfort.” It is important to note that MCL Land is the development arm of Hongkong Land located in Singapore.However, Elta is not the only project available in Clementi Avenue 1. The other two projects were The Clement Canopy with 505 units and Clavon with 640 units. Like Elta, these were jointly developed by UOL Group and Singapore Land Group. However, there are no available plots for further development in the Clementi town centre according to Ken Low, managing partner of SRI.Inspecting the track record of projects at Clementi Avenue 1, two-bedroom units were being leased at $4,200 to $4,700 per month or $5.60 psf to $6.42 psf per month in January and February. This information is gathered from data provided by EdgeProp Landlens and URA Realis. The latest rental transaction at Clavon was for a 764 sq ft, two-bedroom unit that went for $4,600 or $6.02 psf per month (source: EdgeProp Landlens). For more information, you can browse new landed propertyThis project’s location is right in the educational belt with schools such as Nan Hua High School, NUS High School of Mathematics and Science, and Anglo-Chinese School (Independent). Aside from that, tertiary institutions such as NUS, Singapore Polytechnic and United World College of South East Asia (Dover Campus) are also located nearby.Looking at the advantages, Marcus Chu, CEO of ERA Singapore believes that Elta has benefited greatly from the healthy pool of HDB upgraders located in Clementi and Queenstown. Furthermore, over 2,500 HDB units have reached their Minimum Occupation Period (MOP) this year with an additional 1,100 units set to do so. Chu added that “The development is also well-connected to several nature parks, including Clementi Woods Park, West Coast Park, and Kent Ridge Park, offering residents easy access to green spaces.”It is clear that this project has a lot of advantages that have made it a popular project among investors. This is evident in the 60% of units that are one- and two-bedroom types that were sold to investors. Additionally, Singaporeans made up 90% of the buyers while the remaining 10% were permanent residents. If you are looking for a project that is well-connected and convenient, then Elta may be a good option for you.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. Condos, strategically situated in prestigious locations, offer an irresistible combination of opulence and functionality that attracts both locals and foreigners. These modern residences boast a plethora of facilities, including swimming pools, fitness centers, and round-the-clock security services, elevating the standard of living for its residents and making them a desirable choice for tenants and homeowners alike. For investors, these added benefits contribute to higher rental returns and appreciation of the property’s value in the long run. With sites like Condo offering a comprehensive list of options, finding the perfect place to call home in Singapore has never been easier.…

CapitaLand India Trust (CLINT) has announced its plans to acquire an office project in Nagawara, Outer Ring Road, Bangalore, for $233.6 million. The investment will be made through a forward purchase agreement with Maia Estates Offices.

The acquisition of this 1.13 million sq ft office project is expected to bring in higher earnings and distributions for unitholders. The office project is part of a mixed-use development that includes office and retail space. As part of the deal, CLINT will fully finance the development of the office project and earn interest on the funding at a rate higher than its borrowing cost.

If you’re interested in investing in overseas properties, you can explore projects available for sale around the world.

Under the terms of the agreement, CLINT will acquire the office space in the first half of 2030, while Maia will retain the retail portion. This will increase the operational area of CLINT’s portfolio in Bangalore from 8.7 million sq ft to 9.9 million sq ft. The company’s other properties under development in the city include two office buildings in Gardencity, an IT Park at Hebbal, and another IT park at ITPB.

When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. Rental yield refers to the yearly rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can differ greatly based on factors such as location, property condition, and market demand. High rental demand areas, like those near business districts or educational institutions, typically offer more favorable rental yields. It is essential to conduct extensive market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a specific condo. Checking out Singapore Projects can also provide helpful information.

Once the office project is acquired, CLINT’s portfolio will see a 4.0% increase in size, from approximately 30.2 million sq ft to 31.47 million sq ft, inclusive of its committed investment pipeline. CEO of CLINT, Gauri Shankar Nagabhushanam, believes that this strategic acquisition will further strengthen the company’s presence in Bangalore, which is one of India’s leading office markets. In 2024, Bangalore recorded the highest ever leasing levels for Grade A office space, with the ORR being the largest office micro-market in the city. The addition of this prime office property will allow CLINT to offer its tenants a wider range of premium office space options across key micro-markets in Bangalore.

On Feb 21, units in CLINT closed at $1. This announcement follows the recent acquisition of International Tech Park Pune from CLINT’s subsidiary and joint venture partner for $221.9 million, demonstrating the company’s continued growth strategy. CLINT is also working with India developer L&T Realty to develop 6 million sq ft of prime offices in India.…

Sim Lian Group has announced that its newest executive condominium (EC) project, Aurelle of Tampines, will be open for e-application starting from Feb 22. This highly anticipated 760-unit EC is situated at Tampines Street 62 in Tampines North and marks the first new EC project launch for the year 2024.The prime location of Aurelle of Tampines is just a five-minute walk from the upcoming Tampines North Transport Hub, which comprises of the Tampines North MRT Station (on the Cross Island Line expected to be in operation by 2030), air-conditioned bus interchange and is integrated with the mixed-use development, ParkTown, which also includes a mall, community club, hawker centre and residential component known as ParkTown Residence. In fact, ParkTown Residence, which offers a total of 1,093 units, will also be officially launched for sale on the same day as Aurelle of Tampines.Constructed on a vast land area spanning 301,391 sq ft, Aurelle of Tampines boasts fourteen 14-storey residential blocks. According to Sim Lian Group, the units are designed to cater to the needs of young professionals and growing families, hence a mix of three- to five-bedroom units are being offered.Prices for available units at Aurelle of Tampines range from $1.417 million ($1,687 psf) for a three-bedroom unit spanning 840 sq ft, $1.689 million ($1,651 psf) for a four-bedroom unit of 1,023 sq ft and $2.258 million ($1,665 psf) for the largest five-bedroom unit measuring 1,356 sq ft. The development also houses a stunning clubhouse which overlooks seven inviting pools, adding a touch of luxury for its residents. In addition, future residents can also look forward to the upcoming Tampines North MRT Station, air-conditioned bus interchange, hawker centre and mall as part of a mixed-use development, making living at Aurelle of Tampines extremely convenient.The neighbouring executive condominium, Tenet, is also located just next door to Aurelle of Tampines with a total of 618 units and is developed by joint developers, Qingjian Realty and Santarli Realty. Launched in December 2022, the project has sold 617 units at an average price of $1,385 psf. According to the latest transaction prices, the highest price per square foot was $1,651 with a 1,367 sq ft unit sold at $2.26 million in December. As of Feb 21, there is only one available unit left for sale at Tenet.For interested buyers, the e-application period for Aurelle of Tampines starts from Feb 22 and ends on Mar 4, while sales bookings commence on Mar 8. The appointed marketing agents for this development are ERA, Huttons, OrangeTee and PropNex.Under the current EC regulations, during the initial launch (first 30 days), 70% of the units are allocated for first-time buyers while only 30% are available to second-timers. For more information on Aurelle of Tampines, Tenet and ParkTown Residence, do check out their latest listings and available units on Ask Buddy, your trusted source for all things property in Singapore.

Investing in a condominium in Singapore presents a lucrative opportunity, with a plethora of benefits such as a high demand, potential for capital appreciation, and attractive rental yields. However, before making any investment decisions, it is crucial to thoroughly consider various factors such as location, financing options, government regulations, and current market conditions. Seeking professional advice and conducting comprehensive research can aid in making informed choices and maximizing returns in the dynamic real estate market of Singapore. Whether you are a local investor seeking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, the numerous condominium projects in Singapore offer a compelling opportunity to achieve your investment goals. Therefore, investing in a condo in Singapore, with the help of sites like Singapore Projects, is a wise choice for those looking for a secure and prosperous investment in the country.…

Investing in real estate in Singapore is a strategic decision, and location plays a critical role in its success. A prime location greatly influences the value of a property, making it a wise investment choice. In Singapore, condos located in central areas or near essential amenities such as schools, shopping malls, and public transportation hubs have seen a steady increase in value over the years. For instance, areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have been consistently sought after for their prime location, which has led to a rise in property values. Families looking to purchase a Singapore condo also prioritize proximity to reputable schools and educational institutions, making these areas even more desirable and boosting their investment potential. Therefore, when it comes to real estate investment in Singapore, location should be carefully considered to ensure a profitable return on investment.

A landmark deal has been sealed in River Valley with the successful collective sale of River Valley Apartments, a freehold condominium located along River Valley Road. The property, which was marketed by Knight Frank Singapore, has been sold for an impressive $56 million, making it the first residential collective sale of 2025 to be finalized.

Under the terms of the sale, each strata-titled owner can expect to receive a minimum of $2 million to $2.6 million, based on the selling price of the development. The buyer, a Singapore family office, has plans to redevelop the site into serviced apartments. This development has been granted an Outline Permission by the Urban Redevelopment Authority (URA).

According to Knight Frank Singapore’s Head of Capital Markets (Land & Collective Sale), Chia Mein Mein, this successful deal is a significant achievement given the current challenging collective sale market, especially in the residential sector.

Earlier in 2023, a prime district collective sale site was sold to Aurum Land for $66.8 million. The sale of River Valley Apartments is a significant milestone, being the first residential collective site sold in a prime district since then.

Chia attributes the strong interest in the tender for River Valley Apartments to its excellent location in the sought-after River Valley neighbourhood, and its potential for redevelopment into a serviced apartment project that will cater to the growing demand for alternative living options in Singapore.

River Valley Apartments is a four-storey building comprising of 24 units, occupying a 12,408 sq ft site with a residential zoning and gross plot ratio of 2.8 as per the latest Master Plan. The collective sale of this development was launched on Jan 7, with a guide price of $56 million.

Jerry Tan, Chairman of River Valley Apartments’ collective sale committee, reveals that previous attempts to initiate a collective sale exercise were unsuccessful, but this time, they managed to secure 80% of the owners’ consensus to proceed with the tender launch.

Interested buyers can now check out the latest listings for River Valley Apartments properties, with BuddyListings offering an extensive selection of properties for sale and rent in this highly desirable district.…

A 2,454 sq ft, four-bedroom unit was sold at Mount Faber Lodge for $5 million in FebruaryA 2,454 sq ft, four-bedroom unit was sold at Mount Faber Lodge for $5 million in FebruarySunset Lodge at Clementi Park changed hands for $1.4 million, making the seller a profit of $1.1 million. (Photo: EdgeProp Singapore)

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The recent sale of a sprawling 2,486 sq ft four-bedroom unit on the third floor of luxury development Nassim 9 has garnered attention as the most profitable private non-landed resale transaction during the period of February 4 to February 7. The unit was sold for an impressive $7.5 million or $3,016 per square foot on February 7.

According to data from the Urban Redevelopment Authority (URA), the previous owner had purchased the unit for $4.12 million ($1,641 psf) back in December 2005. This means that they made a substantial profit of $3.42 million or 83.8% of their original purchase price. This translates to an annualised gain of 3.2% over a period of 19 years.

This recent transaction marks the third-highest profitable resale at Nassim 9 to date. The current record was set in March 2023 when a larger four-bedroom unit spanning 2,756 sq ft was sold for $9.5 million or $3,448 psf. The previous owner had bought the unit for $4.12 million (1,495 psf) in December 2005. This means that they made an impressive profit of $5.38 million (130.6%) or an annualised gain of 5% over a period of 17 years.

Prior to the sale on February 7, the last recorded transaction at Nassim 9 was in March 2023, when a 3,251 sq ft four-bedroom unit was sold for $10.3 million ($3,169 psf). This resulted in a profit of $3.3 million for the previous owner.

Located on Nassim Road in Prime District 10, Nassim 9 is a boutique condominium with only eight units. Completed in 2002, the four-storey development comprises four-bedroom units ranging from 2,756 sq ft to 3,423 sq ft.

Another profitable transaction during the same period was at Mount Faber Lodge, a boutique freehold development located on Mount Faber Road in District 4. This time, a triplex penthouse unit was sold for $5 million or $1,350 psf on February 5. The previous owner had bought the unit for $1.6 million in August 2001. This translates to a profit of $3.4 million or 212.5%, with an annualised gain of 5% over a period of 23 and a half years.

The recent sale at Mount Faber Lodge marks the most profitable transaction to date. The previous record was held by a three-bedroom unit spanning 2,669 sq ft on the third floor, which was sold for $3.89 million ($1,457 psf) in October 2022. The previous owner had purchased the unit for $1.3 million ($487 psf) in January 2006. This resulted in a profit of $2.59 million (199.2%), with an annualised gain of 4.7% over 14 years.

Investing in real estate is a strategic decision, and location plays a crucial role in its success. This is particularly true in Singapore, where the value of condos can be greatly influenced by their location. The proximity to key amenities like schools, shopping malls, and public transportation hubs can significantly impact the appreciation of a property. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) are known to have consistent growth in property values. Families also find condos in these areas highly desirable due to the convenience of being close to good schools and educational institutions, making them even more attractive as an investment option. With condos strategically located in these prime areas, investors can expect a high potential for profitable returns.

Completed in 1983, Mount Faber Lodge comprises 84 units ranging from studio units at 1,098 sq ft to five-bedroom triplex penthouses at 3,703 sq ft to 3,724 sq ft. The development has been steadily increasing in value with its rolling 12-month average price reaching $2,082 psf, a 4% year-on-year increase.

The third most profitable transaction during the period was at Amaryllis Ville, a 99-year leasehold condominium in Prime District 11. The sale involved a three-bedroom unit on the 28th floor, which was sold for $2.65 million ($2,141 psf) on February 5. The previous owner had bought the unit for $1.09 million in June 2005, resulting in a profit of $1.56 million (142.2%). This translates to an annualised gain of 4.6% over a period of 19 and a half years.

The recent sale marks the third most profitable transaction at Amaryllis Ville. The current record belongs to a three-bedroom unit on the 17th floor, which was sold for $3.75 million ($1,885 psf) in September 2023. The previous owner had purchased the unit for $1.95 million ($979 psf) in June 2009. This resulted in a profit of $1.8 million (92.5%), or an annualised gain of 4.7% over a period of 14 years.

Based on resale data from EdgeProp Singapore, prices at Amaryllis Ville have been on the rise with the average price reaching $2,082 psf in February 2024, a 4% year-on-year increase. The development comprises one- and two-bedroom units ranging from 657 sq ft to 1,378 sq ft, and three-bedroom units ranging from 958 sq ft to 2,637 sq ft. Nearby condominiums include Rochelle at Newton and Kopar at Newton.

Overall, there were no unprofitable transactions during the period in review, showcasing the strong demand for luxury properties in Singapore. Interested buyers can check out the latest listings for Nassim 9 and other condominium properties in the area.…

In the week of Feb 1 to 7, 8M Residences achieved a new high of $2,384 psf when a two-bedroom unit spanning 646 sq ft was sold for $1.54 million. This marks the first time a unit at the development has been sold for more than $2,300 psf. The record-setting sale surpasses the previous peak of $2,261 psf set in April 2023.The 8M Residences is a freehold development completed in 2017 with 68 units. It comprises one- to three-bedroom units and penthouses ranging from 517 to 1,841 sq ft. Over the last three years, resale prices at the condo have consistently risen, increasing 7.3% from an average of $2,028 psf in February 2022 to $2,177 psf in February 2025.Situated within walking distance of EtonHouse International Research Pre-School, Katong Swimming Complex, and Katong Park MRT Station, the condo offers convenient access to amenities and schools.Meanwhile, Kovan Jewel, a 34-unit boutique condo along Kovan Road in District 19, took second place on the list with the sale of a three-bedroom unit at $2.41 million on Feb 7. This sets a new high of $2,236 psf for the development, surpassing the previous peak set in August 2023 at $2,228 psf. Completed last year, Kovan Jewel comprises freehold one- to three-bedroom units and four-bedroom penthouses ranging from 624 to 2,153 sq ft. As of Feb 18, 17 units (50%) have been sold at an average price of $2,111 psf, with the first unit sold this year being the three-bedroom unit on the second floor.On the third spot is Oleanas Residence, where a 1,141 sq ft, three-bedroom unit on the sixth floor was sold for $2.52 million on Feb 3, setting a new record of $2,207 psf. This surpasses the previous peak of $2,157 psf set in August 2022. The most expensive resale unit at the condo is a 1,636 sq ft, three-bedroom unit that sold for $3.3 million ($2,017 psf) in December 2022. The freehold condo, situated along Kim Yam Road in District 9, comprises one- to four-bedroom units ranging from 1,141 to 2,152 sq ft and was completed in 1999.Over the last three years, Oleanas Residence has recorded just four resale transactions, with the highest transacted price being $3.3 million ($2,129 psf) for a 1,550 sq ft, four-bedroom unit in April 2024. It is within walking distance of Great World MRT Station and Fort Canning MRT Station and is surrounded by educational institutes such as River Valley Primary School and Outram Secondary School within a 1km radius.

Investing in a condo in Singapore offers several advantages, with one of the most prominent being the potential for capital appreciation. Singapore serves as a crucial global business center, alongside its solid economic foundations, which fuels a constant demand for real estate properties. Throughout the years, the real estate market in Singapore has exhibited a consistent upward trend, especially for condos situated in prime locations, resulting in substantial appreciation. For those who invest at the right time and hold their properties for a considerable period, the potential for significant capital gains is high. With the inclusion of a desirable Condo in this thriving market, investors can enjoy even more promising returns.…

Heeton Holdings has released its financial results for the second half of the fiscal year 2024, ending on December 31, 2024. The company’s earnings saw a significant increase of 221% compared to the same period last year, reaching $3.85 million. Despite this positive development, the group remains in a loss-making position for the entire fiscal year 2024.

In terms of earnings per share, the second half of the fiscal year saw a significant rise to 0.79 cents per ordinary share. However, for the full fiscal year 2024, earnings per share were a negative 0.28 cents per share.

The group’s revenue for the second half of the fiscal year also showed a notable improvement, growing by 10.5% year-on-year to reach $41.1 million. This was primarily driven by an increase in rental income from investment properties, hotel operation income, and management fees. For the entire fiscal year 2024, the group’s revenue went up by 15.2% year-on-year, reaching $78.2 million.

One of the main contributors to this growth was higher occupancies in the United Kingdom and an increase in rental rates for the group’s investment properties. Additionally, during the fiscal year 2024, Heeton Holdings disposed of some of its subsidiaries, resulting in a net gain of $3.78million.

The company’s property, plant, and equipment assets amounted to $418.83 million, mainly comprising hotel properties. There was an increase of $16.92 million in these assets during the fiscal year 2024, primarily due to the acquisition of a hotel in Edinburgh, United Kingdom. This was offset by the disposal of hotels in Japan and the United Kingdom, as well as reversal of impairment changes and depreciation charges.

Investing in a condo in Singapore offers an array of advantages, with potential for notable capital appreciation being one of the most notable. Singapore’s strategic position as a leading business hub in the global market, along with its robust economic fundamentals, plays a major role in driving sustained demand for real estate. This has resulted in a steady rise in property prices over the years, particularly for condos in prime locations. Savvy investors who time their entry into the market correctly and hold onto their condo investments for the long term can reap significant profits through capital gains.

In terms of cash flow, the group experienced a decrease of $32.70 million in cash and cash equivalents due to significant inflows and outflows. This included proceeds from the disposal of property, plant, and equipment of $26.43 million and disposal of subsidiaries of $11.37 million. On the other hand, there were outflows such as net repayment of loans from associated and joint venture companies of $24.45 million, additions to property, plant, and equipment of $40.36 million, and restricted cash pledge for bank facilities of $22.98 million.

Given the current economic uncertainty and geopolitical situation under Trump’s administration, Heeton Holdings intends to continue its prudent and steady strategic expansion. The group will also focus on maintaining its high-quality, experiential stays for guests amid challenges such as high operating and labour costs, elevated interest rates, and an uncertain macroeconomic environment in the hospitality industry.

Heeton Holdings will continue to participate in land tenders in the local residential market, often as part of a consortium. The company’s two retail malls are also expected to generate steady and recurring income for its property investment business.

The group has declared a final dividend of 0.5 cents per share for the current financial period. On February 20, shares in Heeton closed 1.818% lower at 27 cents.…