Condo Siteismi

Perennial Holdings and Far East Organization have just announced their plans for the highly anticipated Aurea, a luxurious apartment tower that is part of the Golden Mile Singapore mixed-use development on Beach Road. The tower, designed by DP Architects, will have 188 units spread across 45 storeys and will occupy a site area of 144,908 sq ft. One of the standout features of this development is the link bridge that connects it to The Golden Mile, a commercial building that houses a mix of retail spaces, medical suites, and offices.

What makes The Golden Mile even more remarkable is the fact that it is the former Golden Mile Complex, which has been carefully conserved for its architectural heritage. In fact, it is the first collective sale and conservation of a building in Singapore. Back in May 2022, Perennial Holdings and Far East Organization jointly acquired the building en bloc for a whopping $700 million.

Not surprisingly, Aurea and The Golden Mile are both located in prime District 7, which is a part of the Downtown Core and the Core Central Region (CCR). Shaw Lay See, the Chief Operating Officer of Far East Organization’s Sales & Leasing group is certain that Aurea’s prime location on Beach Road will attract a lot of interest from discerning individuals and families who value the exclusivity of living in the Downtown Core.

Rewritten:

Investing in a condo has many advantages, including the opportunity to leverage its value for future investments. Numerous investors utilize their condos as security to secure additional financing for new investments, thereby increasing their real estate portfolio. While this approach can potentially increase returns, it is important to have a solid financial plan and carefully consider the potential effects of market fluctuations. For those interested in Singapore Condos, this can be a valuable strategy to consider.

For those eagerly waiting to get a glimpse of Aurea, the appointment-only preview is set to begin on February 22, and the official launch is scheduled for March 8. The apartments will be priced at a starting rate of $2,750 psf. The luxurious two-bedroom apartments, spanning 646 sq ft, will start at $1.92 million ($2,972 psf).

The apartments in Aurea boast a variety of unit types. The development features 112 two- and three-bedroom apartments, ranging from 635 sq ft to 1,001 sq ft. On top of that, there are 56 four-bedroom units, spanning from 1,442 sq ft to 1,798 sq ft, and 18 five-bedroom units of 2,863 sq ft to 3,251 sq ft. If that’s not enough, there are also two ultra-exclusive penthouses, one with six bedrooms spread over 5,608 sq ft and another triplex with six bedrooms and a whopping 8,816 sq ft.

Moreover, all units with four bedrooms or more come with private lift access, and the triplex penthouse also boasts a private pool. As Marcus Chu, the CEO of ERA Singapore puts it, these larger penthouses and four-bedders are an excellent fit for the affluent lifestyles of homebuyers in the CCR.

If you’re not in the market for a big unit with four bedrooms or more, don’t worry because there are still plenty of options for you. In fact, 60% of the apartments in Aurea are two- and three-bedroom units, which are expected to appeal to both homebuyers and investors, according to Chu.

Residents at Aurea will be able to enjoy a wide range of amenities, including two infinity pools, a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions to entertain guests. The sky terraces on levels 17 and 33 offer breathtaking views of the CBD skyline, Marina Bay, and the Kallang waterfront. Ken Low, the Managing Partner at SRI, believes that today’s homebuyers are looking for more than just a great location, and Aurea delivers on all fronts.

If you’re wondering what to expect at The Golden Mile, there’s a lot in store for you. The building features 156 strata office units and 19 medical suites that were launched for sale in December 2024. The joint-venture partners, Perennial and Far East, plan to retain ownership of the two-story retail atrium and curate a mix of tenants for the commercial spaces.

Ismail Gafoor, the CEO of PropNex, points out that the former Golden Mile Complex is an iconic building, and the commercial spaces, particularly the office spaces, have great potential, which makes it an attractive proposition for buyers. He further adds that buyers today prioritize quality projects that are located near MRT stations and offer easy access to essential amenities. With an overhead bridge connecting The Golden Mile to the Nicoll Highway MRT Station on the Circle Line, the location of this development is hard to beat.

Apart from the MRT, residents at Golden Mile Singapore will have easy access to major roadways, such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE). Moreover, the development is just 1km from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a short 10-minute drive from the CBD.

The last condo to be launched in this neighborhood was the highly successful Midtown Modern, which featured 558 units and was entirely sold out by the end of 2021 at an average price of $2,825 psf. The development is expected to obtain its TOP sometime this year. Prior to that, The M, which had 522 units, was launched in 2020, and all of them were sold out by the time the development was completed in March 2024. Lastly, the 219-unit Midtown Bay at Guoco Midtown was completed in 2021, and as of February 5, 63% of its units have been taken up at an average price of $3,090 psf.

Given its prime location, luxurious residences, and the preservation of Singapore’s architectural heritage at The Golden Mile, PropNex’s CEO Ismail Gafoor believes that the prices of the apartments at Aurea could easily surpass $3,000 psf. According to him, as most of the units at previous launches in the district have been sold, there is bound to be pent-up demand for new homes in the area, and Aurea will attract significant interest from homebuyers and investors alike.

Aurea is expected to be completed in the second quarter of 2029. To stay updated with the latest developments, you can check out the latest listings for Aurea properties. If you’re interested in any other property in Singapore, simply ask Buddy!…

Perennial Holdings and Far East Organization are set to embark on a new luxury residential project called Aurea, as part of the Golden Mile Singapore mixed-use development. The 45-storey tower, designed by DP Architects, will feature 188 units and occupy a site area of 144,908 sq ft. Residents will also have access to the neighbouring The Golden Mile commercial building, which offers a mix of retail space, medical suites, and offices.

Located along Beach Road, Aurea will be situated in prime District 7 within the Downtown Core, making it part of the Core Central Region (CCR). According to Shaw Lay See, chief operating officer of Far East Organization’s sales & leasing group, the project is expected to attract interest from individuals and families who value the exclusivity of a prime Downtown Core address.

The exclusive preview of Aurea will start on Feb 22, with the official launch taking place on Mar 8. Prices for the apartments will start from $2,750 per square foot. Two-bedroom units will start from $1.92 million ($2,972 psf).

Aurea’s apartments will consist of a variety of unit types. The development will offer 112 two- and three-bedroom units ranging from 635 sq ft to 1,001 sq ft. There will also be 56 four-bedroom units ranging from 1,442 sq ft to 1,798 sq ft, as well as 18 five-bedroom units spanning 2,863 sq ft to 3,251 sq ft. In addition, there will be two exclusive penthouses, including a six-bedroom duplex of 5,608 sq ft and a six-bedroom triplex of 8,816 sq ft. Larger units and penthouses will also feature private lift access, with the triplex penthouse boasting a private pool.

“We believe that these larger units and penthouses will be highly sought after by affluent homebuyers in the CCR,” says Marcus Chu, CEO of ERA Singapore.

Meanwhile, 60% of the units at Aurea will consist of two- and three-bedroom apartments, which are expected to appeal to both investors and homebuyers, according to Chu.

The development will offer a range of facilities for residents, including two infinity pools on levels three and 33, a gymnasium, a bouldering wall, spa facilities, an indoor lounge, and multiple dining pavilions. The sky terraces on levels 17 and 33 will offer stunning views of the CBD skyline, Marina Bay, and the Kallang waterfront.

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Singapore has become a popular destination for condo investments due to its limited land availability. Being a small island with a rapidly increasing population, Singapore has implemented strict land-use policies, resulting in a highly competitive real estate market. As a result, property prices are continuously on the rise. With the scarcity of land for development, owning a condo in Singapore has become a lucrative opportunity for capital appreciation. This is why investing in a Singapore Condo is a wise choice for those looking to enter the real estate market.

“Today’s homebuyers are looking for more than just a great location,” says Ken Low, managing partner at SRI. “They want a home that enhances their daily lives – one that is easy to get around, thoughtfully designed, and offers inspiring facilities and spaces. Aurea ticks all these boxes.”

The commercial component of Golden Mile Singapore, consisting of 156 strata office units and 19 medical suites, was launched for sale in December 2024. The joint venture partners, Perennial and Far East Organization, intend to retain ownership of the two-storey retail atrium to manage the tenant mix.

“The former Golden Mile Complex is an iconic structure, and the potential of its commercial and office space may attract buyers,” says PropNex CEO Ismail Gafoor. He adds that buyers today prioritize quality projects near MRT stations and convenient access to essential amenities. The development is just a short distance from the Nicoll Highway MRT Station on the Circle Line, with an existing overhead bridge connecting The Golden Mile to the station.

Golden Mile Singapore is also conveniently located near major roadways such as Nicoll Highway, East Coast Parkway (ECP), and Kallang-Paya Lebar Expressway (KPE). In addition, it’s only 1km away from the Kallang Alive Precinct, the Bras Basah-Bugis district, and a 10-minute drive from the CBD.

The last launch in the Beach Road neighbourhood of District 7 was the 558-unit Midtown Modern, which is set to be completed this year. All units at Midtown Modern have been sold as of December 2024, at an average price of about $2,825 psf. Prior to that, The M, a neighbouring 522-unit development, was launched in 2020 and sold out at an average price of $2,528 psf. The project was completed in March 2024. In addition, the 219-unit Midtown Bay at Guoco Midtown was completed in 2024, with about 63% of the units taken up as of Feb 5, at an average price of $3,090 psf.

Given its prime location, luxurious residences, and the conservation of Golden Mile’s architectural heritage, PropNex CEO Gafoor estimates that the prices of units at Aurea could surpass $3,000 psf. “As most of the units at past launches in the district have been sold, we believe Aurea may enjoy some pent-up demand for new homes in the area and could attract healthy interest among prospective homebuyers and investors,” he adds.

Aurea is expected to be completed in 2Q2029, and interested buyers can check out the latest property listings for the development.…

MCL Land and CSC Land Group announce the upcoming launch of their new residential development, Elta, located in Clementi. The 501-unit condominium will be open for preview on Feb 7, with sales to officially begin on Feb 22.Situated on a 99-year leasehold land spanning 144,788 sq ft, Elta consists of two 39-storey residential buildings along Clementi Avenue 1. Units available at the development range from one-bedroom-plus-study units to five-bedroom units, with sizes ranging from 506 sq ft to 1,776 sq ft. The developers have stated that Elta will be built in accordance with the URA’s harmonisation guidelines.Potential buyers can expect indicative prices for the units to start from $1.158 million ($2,289 psf) for one-bedroom-plus-study units, $1.388 million ($2,261 psf) for two-bedroom units, and $2.198 million ($2,374 psf) for three-bedroom units. Four- and five-bedroom units are priced at $2.798 million ($2,363 psf) and $3.888 million ($$2,189 psf) respectively.The showflat located along Prince Charles Crescent will showcase three different layouts: a two-bedroom plus study that can be transformed into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit suitable for multi-generational living.Elta boasts a convenient location within walking distance to Clementi MRT Station on the East-West Line, as well as various dining and shopping options such as The Clementi Mall, 321 Clementi and Grantral Mall. Nearby educational institutions include Clementi Primary School, Pei Tong Primary School, Nan Hua Primary and High School, Anglo-Chinese School (Independent) and NUS High School of Math and Science.MCL Land CEO Lee Tong Voon says, “Elta has been designed to offer elevated living, with its high-rise towers strategically positioned to provide stunning views of the city, Pandan Reservoir, and the sea.”Meanwhile, CSC Land Group Chairman Qian Liang Zhong adds, “Clementi is a dynamic and popular town that seamlessly combines traditional shops with modern amenities for the convenience of its community.”The development will feature 50 facilities spread across five zones, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner. Elta is expected to obtain its temporary occupation permit in 2028. Interested buyers can check out the latest listings for Elta on various property sites.

Investing in real estate requires careful consideration of various factors, with location being a key aspect to consider. This is particularly important in Singapore, where the location of a condo can greatly impact its value. Condos situated in central areas or in close proximity to essential amenities, such as schools, shopping malls, and public transportation hubs, have a higher potential for appreciation in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown impressive growth in property values. Additionally, being located near good schools and educational institutions further adds to the desirability of condos in these areas, making them a highly sought-after investment option for families. To maximize your investment potential in Singapore, it is crucial to choose a Singapore Condo that is strategically located in a prime area.…

– one at Gul Circle and one at Jalan PapanKnight Frank Singapore is marketing a high-specification warehouse and factory in Gul Circle for sale through an expression of interest. The guide price for the property is $42 million and it is exclusively marketed by Knight Frank Singapore. The property comprises a five-storey single-user factory and warehouse, with a mezzanine, spanning a total of approximately 245,955 sq ft. The 105,648 sq ft site has a remaining lease of 15 years and 11 months, as of February 1, and is zoned for Business 2 under the URA Master Plan 2019. According to Knight Frank Singapore, the property was designed with modern industrial needs in mind, featuring high ceilings, cold rooms, and heavy floor loading capabilities. It also includes nine 40-footer loading and unloading bays and four cargo and service elevators. Located near major expressways and the Joo Koon MRT station, this property offers convenient accessibility. The expression of interest exercise is set to close on March 18 at 3 PM.

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When it comes to investing in Singapore, it is crucial for foreign investors to have a good grasp of the regulations and limitations surrounding property ownership. While purchasing condominiums is generally less restricted for non-residents, owning landed properties entails stricter rules. Additionally, foreign buyers must be aware of the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their initial property purchase. Nevertheless, the steady growth and potential for development in the Singapore real estate market continue to draw foreign investment, making it a sought-after location for projects such as Singapore Projects.…

A recent study by Colliers predicts that the industrial property market in Singapore will experience a slow-down in 2025 due to an increase in supply and decrease in demand. According to the report, both rental and price growth are expected to moderate to between 0% to 2% this year, compared to the 3.5% growth recorded in 2024.

This subdued outlook is attributed to JTC’s 4Q2024 data, which showed signs of the market “losing steam”. The JTC All Industrial rental index recorded a 17th consecutive quarter of growth in 4Q2024, rising 0.5% quarter-on-quarter. However, this is a significant decline from the 8.9% rental growth recorded in 2023. The price index also grew 0.5% q-o-q in 4Q2024, but this is a decrease from the 1.2% growth in the previous quarter. In 2024, industrial property prices rose by 2.1%, which is less than half of the 5.1% increase seen in 2023.

Colliers highlights that the supply of industrial space is expected to increase this year, with over 2.5 times the supply of last year coming onto the market before tapering off in 2026. This oversupply has led to a market imbalance with lower precommitments and lower occupancy rates in completed projects.

The increase in supply, coupled with cautious behaviour among occupiers due to high interest rates and rising operating costs, is expected to continue to dampen rental growth. Colliers also notes that trade protectionism may bring uncertainty into the global market, affecting business confidence and investment decisions.

Rewritten: One of the advantages of investing in a condo is the potential to leverage its value for more investment opportunities. This means that investors can use their condos as collateral to secure additional funding for new investments, which allows them to broaden their real estate portfolio. However, this strategy should be approached carefully and with a solid financial plan in place, as it also carries some risks. It’s important to consider the potential impact of market fluctuations before making any decisions. Keeping an eye on new condo launches can also provide valuable insight for investors looking to expand their portfolio.

However, the study also predicts that industrial demand will be supported by the semiconductor, logistics and advanced manufacturing sectors. It also expects leasing activity to gradually increase as the market improves and policies become clearer, driven by the ongoing upturn in the chip cycle.

In light of the projected moderation in rents, Colliers suggests this could be a good year for tenants as there will be more options on the market. The report states that newer industrial developments, equipped with modern specifications, could attract businesses to relocate from older, aging manufacturing spaces.

Nicolas Menville, Executive Director and Head of Singapore-based Industrial Clients for Colliers, suggests that this could be a good opportunity for businesses to find newer and more modern industrial spaces. The report also provides information on industrial real estate properties, recent transactions, and price trends. It also compares the price trend of commercial and industrial properties, giving a comprehensive overview of the current market.…

Tan Boon Liat Building, a prominent industrial property located at 315 Outram Road, has been put up for collective sale by public tender with a reserve price of $1.15 billion. This freehold site is situated next to the upcoming Havelock MRT Station on the Thomson-East Coast Line (TEL) and spans across two land plots earmarked for “Business 1” use, covering a combined area of approximately 175,655 square feet. Currently, the building stands at 15 storeys and is well-known for housing a variety of furniture and home decor stores.

According to Cushman & Wakefield, the property’s advisor and marketing agent, the Urban Redevelopment Authority (URA) has issued an Outline Planning Advice on Jan 22 recommending that the site be rezoned to “Residential with Commercial at 1st storey” with a plot ratio of 4.9, an increase from its current ratio of 3.1. This translates to a potential 50% increase in the total allowable gross floor area (GFA), as confirmed by Cushman & Wakefield.

Moreover, URA has also advised on the alienation of several state land plots which, upon being amalgamated with the main plot, will further boost the site’s potential GFA. The estimated size of these state land plots is around 20,451 square feet, subject to final survey and approval from relevant authorities.

Singapore’s urban scene is defined by its towering skyscrapers and state-of-the-art infrastructure. Condos, strategically situated in desirable locations, offer a perfect combination of opulence and convenience, making them a popular choice among both locals and foreigners. These luxurious abodes come equipped with a plethora of amenities, including swimming pools, fitness centers, and top-notch security services, elevating the standard of living and making them a desirable option for potential tenants and buyers. This also makes them a lucrative investment for landlords, with the potential for high rental yields and increasing property values over time. Condos are a highly sought after option in Singapore’s real estate market.

With the inclusion of these state land plots and any bonus GFA entitlement, Cushman & Wakefield estimates that the total potential GFA of the site is over 1.06 million square feet. The ground floor is capable of accommodating a commercial GFA of up to about 16,146 square feet. As part of the residential allocation, a minimum GFA of approximately 161,459 square feet must be set aside for Serviced Apartments II (SA2), which requires a minimum three-month stay. The proposed height for the new development ranges from 130m to 180m.

After factoring in the reserve price, land betterment charges for rezoning, estimated premium for the remnant state land, and a 10% bonus GFA applicable to the residential component, the estimated land rate stands at around $1,888 per square foot per plot ratio.

Recent industrial sales transactions at Tan Boon Liat Building (Source: EdgeProp Buddy)

Christina Sim, senior director of capital markets at Cushman & Wakefield, believes that this site will attract developers due to its freehold tenure and strategic location on the TEL, which will be a major draw for potential homebuyers.

She adds, “The biggest advantage, however, is the fact that there will be no Additional Buyer’s Stamp Duty (ABSD) imposed on the potential purchase as the original site is zoned ‘Business 1’.”

The tender for the site will close on March 18 at 3pm. Ask BuddyCompare price trend of Condo new sale vs EC new saleMost unprofitable landed transactions in past 1 yearCondo projects with most unprofitable transactionsPast Condo sale transactionsUpcoming new launch projectsCompare price trend of Condo new sale vs EC new saleMost unprofitable landed transactions in past 1 yearCondo projects with most unprofitable transactionsPast Condo sale transactionsUpcoming new launch projects…

The developer of Park Nova has achieved a new record price with the sale of its largest penthouse. The five-bedroom unit on the 20th floor, covering 5,899 square feet, was recently purchased for $38.888 million, or $6,593 per square foot, according to a caveat filed on Jan 21 with the URA Realis database.

When purchasing a condominium, it is crucial to take into account the maintenance and management of the property. Most condos have maintenance fees that cover the maintenance of communal spaces and amenities. Although these fees may increase the total cost of owning a condo, they guarantee that the property remains in excellent condition and maintains its value. To make the investment more passive, investors can enlist the services of a property management company to handle the daily management of their condos. Additionally, new condo launches present an opportunity for potential buyers to consider when looking for a condo to invest in.

This transaction sets a new benchmark for both absolute price and psf-price at Park Nova, surpassing the previous records held by a 4,499 square feet penthouse that was sold in May 2021 for $26.026 million ($5,784 psf).

The sale also marks the second-highest psf-price ever recorded for a condo unit in Singapore, with the highest being held by a unit at The Marq on Paterson Hill which was sold for $20.54 million or $6,650 psf in 2011.

The Park Nova penthouse, sold on Jan 21, is believed to be part of a collection of properties linked to a $3 billion money laundering case that has been put up for sale. It was previously reported to have been sold in 2021 for $34.438 million ($5,838 psf).

The unit is the third one at Park Nova sold by the developer within a month, according to caveats. On Jan 17, a four-bedroom apartment spanning 2,906 square feet on the 19th floor was sold for $16.59 million ($5,708 psf). A few days prior, on Dec 27, 2024, another four-bedroom unit of 2,896 square feet on the 18th floor was sold for $15.99 million ($5,522 psf).

Park Nova, a freehold luxury condo located at Orchard Boulevard and Tomlinson Road in prime District 10, comprises 54 units. Developed by Hong Kong’s Shun Tak Holdings, the development received its temporary occupation permit in November last year. Interested buyers can check out the latest listings for Park Nova properties on EdgeProp Buddy and ask for a site plan and diagrammatic chart, compare the price trend of condo new sale vs EC new sale, generate a price trend graph for new launch condo in District 10, and view the project summary for Park Nova condo.…

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Investing in condos in Singapore is a popular choice, but it comes with certain considerations, such as the government’s property cooling measures. The Singaporean government has implemented various measures throughout the years to prevent speculative buying and maintain a steady real estate market. These measures, including the Additional Buyer’s Stamp Duty (ABSD), involve higher taxes for foreign buyers and those purchasing multiple properties. While this may affect the short-term profitability of condo investments, it ultimately contributes to the long-term stability of the market, making it a safer environment for investors. Additionally, staying updated on new condo launches can provide valuable information for those interested in condo investment in Singapore.

CapitaLand Investment (CLI) has recently acquired a freehold land parcel in Osaka, Japan for its first data centre development in the country. The total investment for the project is estimated to be over US$700 million or $944.3 million. The data centre is expected to have a power capacity of 50 megawatts (MW).

CLI has stated that the data centre will have the capability to support artificial intelligence (AI), and will incorporate energy-saving technologies, such as advanced cooling systems, to ensure efficient temperature management. The development will also use environmentally friendly products with zero ozone depletion potential and low global warming potential (GWP).

Manohar Khiatani, senior executive director of CLI, who oversees the group’s data centre business, believes that this acquisition aligns with the company’s digitalisation investment strategy and strengthens its presence in Japan, which is one of their focus markets.

Khiatani also highlights the potential for growth in the Japanese data centre market, with a projected compound annual growth rate (CAGR) of 10% from US$23.8 billion in 2023 to US$38.7 billion in 2038. He notes that Japan is the largest data centre market in Asia Pacific, outside of China, with a capacity of 1.4 gigawatts.

CLI is well-positioned to meet the demand for data centres in Osaka, with major cloud service providers already established in the area, including Amazon Web Services, Google Cloud, Microsoft Azure, and Oracle. The group has raised US$600 million for its data centre development funds in Asia since October 2020 and plans to continue identifying investment opportunities for its private fund investors.

Michelle Lee, managing director of private funds (data centre) at CLI, expects strong demand for data centres to continue growing and surpassing new supply. With 97% of investors planning to increase their overall investment in data centres, there is significant institutional interest in this sector.

Overall, CLI has added 23 data centres to its global portfolio since 2021, bringing the total number of data centres under the CapitaLand Group to 27. These data centres, located across Asia and Europe, have a combined power capacity of approximately 800 MW and assets under management of around $6 billion.…

CapitaLand Ascott Trust (CLAS) has recently made a strategic move by acquiring two freehold limited-service hotels in Japan for a total of JPY21 billion ($178.5 million). The two hotels, ibis Styles Tokyo Ginza and Chisun Budget Kanazawa Ekimae, are located in the country’s capital and Kanazawa respectively. This acquisition was done at a discounted price of 8.3% compared to independent valuation.

The limited supply of land in Singapore is a significant factor driving the high demand for condos in the country. Due to its compact size and growing population, Singapore faces a scarcity of land for further development. As a result, strict regulations have been implemented on land usage, creating a cutthroat property market with continuously increasing prices. In this competitive environment, investing in real estate, particularly condos, has become a highly lucrative opportunity with the potential for considerable appreciation in value. This trend is reflected in the numerous projects available in Singapore, making it a top destination for profitable condo investments. To see the list of available projects in Singapore, visit Singapore Projects.”

Upon completion, the acquisition is expected to contribute positively to CLAS’ financial performance. On a FY2024 pro forma basis, the two hotels are expected to increase the distribution per stapled security (DPS) by 1.6%. The blended net operating income (NOI) yield of the acquisition is also estimated to be 4.3% in FY2024. The acquisition was financed by JPY-denominated debt and proceeds from the divestment of four properties in Japan, providing a natural hedge against currency fluctuations.

ibis Styles Tokyo Ginza is situated in the heart of the city’s shopping and entertainment district. With 224 units, the hotel is conveniently located next to Ginza Six, a popular high-end retail mall, and the well-known Uniqlo global flagship store. Guests can also easily access iconic landmarks such as the Ginza Wako clock tower within a 10-minute walk.

Similarly, the 392-unit Chisun Budget Kanazawa Ekimae is located in Kanazawa, a city known for its historical attractions, traditional gardens, and cultural icons. Guests can easily visit popular tourist spots such as Kanazawa Castle, Kenrokuen Garden, and the heritage geisha and samurai districts boasting preserved architectural designs from Japan’s Edo period.

This acquisition comes after CLAS’ investments of approximately $530 million in the past 12 months. The strategic acquisitions provide higher yields than the previous divestments, thereby enhancing CLAS’ income distribution. These include Teriha Ocean Stage, a rental housing property in Fukuoka, Japan, and Standard at Columbia, a student accommodation property in the United States of America.

CLAS’ Manager CEO Serena Teo shares, “The acquisition is part of our portfolio reconstitution strategy to enhance the quality of our portfolio and deliver stable returns to our Stapled Securityholders. The FY2024 NOI yield of the two hotels is 230 basis points higher than the blended exit yield of approximately 2.0% for the four previous divestments in Japan. By swiftly redeploying divestment proceeds into these higher-yielding assets, we have fully replaced the income from the four divested properties.”

With a successful acquisition and divestment strategy, CLAS has demonstrated its ability to adapt to the ever-changing market conditions. As of now, the trust has completed over $500 million in divestments and has unlocked $74 million in net gains.

Closing at 90 cents per unit, CapitaLand Ascott Trust continues to show strong potential in the market.…

When evaluating the possibility of investing in a condominium, one must also take into consideration the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can differ greatly depending on factors such as location, property condition, and market demand. Typically, areas with high rental demand, like those situated near business districts or educational institutions, tend to offer more favorable rental yields. It is crucial to conduct thorough market research and seek guidance from real estate agents to gain valuable insights into the rental potential of a specific condo. You can also check out Singapore Projects for more information.

Mapletree Investments has made its first foray into the UK logistics market with the acquisition of a new property, and has also added 10 warehouses in Spain to its portfolio for a total of EUR315.1 million ($444.5 million).

The purchases, totalling 256,000 sqm, will be included in the initial assets of Mapletree’s second European logistics fund. This reflects the group’s intention to increase its focus on the logistics sector and expand its global presence, according to the company’s press release on January 27. The fund will be launched when it reaches a sufficient scale.

Mapletree’s CEO of European commercial and logistics operations, Ralph van der Beek, explains that the logistics sector continues to be highly attractive to both occupiers and investors, with e-commerce driving demand and companies looking to strengthen their supply chains.

The property in the UK is located in Derby Commercial Park, with access to major roads such as the M1, A50, and A6, and is in close proximity to the city centre and East Midlands Airport. Mapletree notes that the tenant at this property has recently renewed its long-term lease.

The 10 warehouses in Spain are located in strategic logistics hubs in Barcelona, Valencia, and Madrid, with easy access to the city centres through various transportation modes. These properties are expected to benefit from the commitment of third-party logistics providers and manufacturers who have their production facilities nearby and have made investments in automation and fit-outs at these locations.

With these new acquisitions, Mapletree now owns 80 logistics properties across eight countries.…