When thinking about making an investment in a condominium, it is crucial to carefully evaluate its potential rental yield. Rental yield refers to the amount of annual rental income in comparison to the property’s purchase price. In Singapore, rental yields for condominiums can vary significantly based on factors such as location, condition of the property, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer more attractive rental yields. To gather a comprehensive understanding of the rental potential of a particular condo, conducting thorough market research and seeking advice from real estate agents can be highly beneficial. Additionally, exploring Singapore Projects can provide valuable insights for potential investors.
by BCA There will also be a mix of other uses such as offices, business parks and research and development spaces to meet the diverse needs of industrialists.The top bid of $368.901 million, which works out to $300.39 psf ppr, was 42.5% higher than the last comparable IGLS site that was awarded in the same area. The tender for the site received four bids from developers, with a top bid of $368.901 million from CL Savour Property, a subsidiary of CapitaLand Development. This works out to a price of $300.39 per square foot per plot ratio (psf ppr).The site, situated at Kallang Way, was awarded via public tender to CL Savour Property, a subsidiary of CapitaLand Development, with a winning bid price of $368.901 million. This bid translates to a premium of 14.9% over the next highest bid of $317.889 million submitted by a joint venture between Soon Hock Group, BHCC Construction and Evermega.The GLS site is the first of its kind to be awarded for an industrial project that incorporates an adaptive reuse of an existing industrial building. The existing terrace factory that currently occupies the land will be retained and redeveloped for industrial use – a move that aligns with JTC’s plans to rejuvenate the area in an environmentally sustainable manner. Tang Hsiao Ling, the director of JTC’s urban planning and architecture division, states that incorporating adaptive reuse into the master plan of the site serves to not only rejuvenate the area, but also reduce carbon emissions in the built environment, while also preserving the industrial legacy of the site.Located in Kallang Way, the 474,772 square foot site was launched as the final of five Confirmed List sites in the 1H2024 IGLS programme, and was put up for tender on June 25 with a closing date of October 1. Four bids were received for the site.The site’s master plan currently designates it as a Business 2 zone, with a maximum allowed gross floor area of 1.23 million square feet, as well as a 33-year tenure. It is situated within a designated food zone, and the new development will incorporate food manufacturing spaces and retail uses in order to increase vibrancy within the industrial area. This will be supplemented with a mix of other uses such as offices, business parks and research and development spaces to cater to the diverse needs of industrialists.The winning bid of $368.901 million, or $300.39 psf ppr, is a significant 42.5% higher than the price of the last comparable industrial site awarded in the same area. The four bids for the site were submitted by developers, with the highest bid of $368.901 million being put in by CL Savour Property, a subsidiary of CapitaLand Development.