Month: January 2025

CapitaLand Ascott Trust (CLAS) has recently made a significant acquisition in Japan, purchasing two freehold limited-service hotels for a total of JPY21 billion ($178.5 million). The two hotels, ibis Styles Tokyo Ginza and Chisun Budget Kanazawa Ekimae, are strategically located in Tokyo and Kanazawa respectively. The acquisition was made at an 8.3% discount to independent valuation.

On a pro forma basis for FY2024, the addition of these two hotels is expected to result in a distribution per stapled security (DPS) accretion of 1.6%. Additionally, the blended net operating income (NOI) yield for the acquisition is expected to be 4.3% in …

Owning a condo in Singapore offers numerous benefits, one of which is the potential for capital appreciation. This can be attributed to Singapore’s advantageous position as a global business hub, along with its strong economic foundations. Such factors contribute to the continual demand for real estate in the country. Over the years, the real estate market in Singapore has displayed a consistent upward trajectory, particularly in prime locations where condos are situated. As a result, investors who wisely enter the market at the opportune time and maintain their properties for the long term have the opportunity to reap significant capital …

Turquoise, the luxurious condo situated at Sentosa Cove facing the waterway, has three duplex penthouses up for sale at $23 million. The largest penthouse, located on the sixth floor, is a five-bedroom duplex spanning 7,987 sq ft. It is also the biggest among the 10 penthouses in the 99-year leasehold waterfront development.

This penthouse boasts a wine cellar, kitchen, living area, four en suite bedrooms, two utility rooms, and a balcony on the lower level. The upper floor features the master bedroom with a private infinity pool, pool deck, and outdoor shower. It is currently listed at $12 million ($1,502 …

The Botanic on Lloyd, a freehold condominium, has set a new record for the highest psf-price among private non-landed developments from January 3 to 11. This new peak was achieved after a 2,056 sq ft unit on the second floor was sold for $5.13 million, or $2,493 psf, on January 7. This new record surpasses the previous high of $2,339 psf by 6.6%, which was set in October 2024 when a 1,496 sq ft unit on the fourth floor was sold for $3.5 million.

However, transactions at the 66-unit development have been few and far between, averaging only one transaction …

HDB resale prices continued to climb in 4Q2024, recording a quarterly increase of 2.6% according to data released by HDB on Jan 24. This marks the 19th consecutive quarter of price growth in the resale market, bringing the cumulative price increase for public housing to 9.7% for the whole of last year. The yearly uptick in resale prices nearly doubled the 4.9% y-o-y increase registered in 2023. However, last quarter’s price increase moderated slightly compared to the 2.7% q-o-q increase recorded in 3Q2024.

According to Mohan Sandrasegeran, head of research & data analytics at SRI, the robust growth in resale …

A prime residential development site located at Jalan Naung has been listed for sale by expression of interest (EOI) with an asking price of $8.38 million. The Urban Redevelopment Authority’s Master Plan for 2019 designates the land for residential use within a mixed-landed zone with a maximum of three storeys. This 999-year leasehold property spans over 5,408 square feet and is situated off Upper Serangoon Road in District 19. The asking price equates to a rate of $1,550 per square foot on the land area.

According to Brilliance Capital, the exclusive marketing agent for the site, the potential developments for …

Luxury hotel brand Radisson Collection has recently unveiled its newest property in Galle, Sri Lanka. The 106-key Radisson Collection Resort, Galle is the first hotel of its kind in the Southeast Asia and Pacific region for the Radisson Hotel Group. It also marks the company’s fourth hotel in Sri Lanka.

All 76 guest rooms and suites at the resort offer breathtaking views of the ocean. The hotel boasts a range of top-notch facilities including a stunning beachfront pool, a kids’ club with around-the-clock nanny services, and a variety of dining options. These include Ozen, a fusion restaurant serving Asia-Japanese fare, …

Meinhardt, a leading engineering consulting firm based in Singapore, has entered into a memorandum of understanding (MOU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN). The partnership aims to jointly explore and implement digital and smart city projects in developing countries in the Association of Southeast Asian Nations (ASEAN) region, according to a press release on January 17.

Through this MOU, the two parties will work together to promote innovative and sustainable urban solutions by exchanging knowledge and resources. JOIN will leverage its network and expertise in supporting Japanese infrastructure exports, while Meinhardt will utilize its …

Housing Minister Desmond Lee has announced the successful completion of the last two delayed projects due to the pandemic by HDB, as stated in a Jan 20 press release. These two projects are Punggol Point Cove (Phase 2) and Kempas Residences, marking the completion of all pandemic-related housing projects by HDB. Over the past five years, these 92 projects have provided more than 75,800 new flats to the citizens of Singapore.

A major factor to keep in mind when considering investing in a Singapore condo is the government’s property cooling measures. In recent years, the Singaporean government has implemented several …

CDL’s subsidiary, CDL Hotels Holdings New Zealand Limited (CDLHH NZ), has announced its intention to acquire all the shares it does not currently own in the New Zealand-listed Millennium & Copthorne Hotels New Zealand Limited (MCK) for NZ$2.25 ($1.72) per share. The company plans to delist and privatise MCK after the completion of the offer, simplifying the ownership structure of its New Zealand entities.

When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the …