Condo Belle

The Tan Boon Liat Building, a commercial property situated at 315 Outram Road, is currently available for sale through a collective tender at a reserve price of $1.15 billion. This freehold property is strategically located next to the upcoming Havelock MRT Station on the Thomson-East Coast Line, and occupies two separate land plots that are zoned for “Business 1” use. The total site area is approximately 175,655 sq ft.

The property, which is currently home to a 15-storey building known for its various furniture and home decor stores, is being marketed and advised by Cushman & Wakefield. According to the …

Park Nova’s Largest Penthouse Sets New Price Record

To sum it up, opting to invest in a Singapore Condo presents a multitude of benefits. These include a strong demand, potential for growth in value, and attractive rental returns. Nevertheless, it is crucial to carefully assess crucial elements such as location, financing options, government regulations, and market conditions. With thorough research and guidance from experts, investors can make well-informed decisions and maximize their profits in Singapore’s ever-evolving real estate landscape. Whether you are a local investor seeking to diversify your investment portfolio or a foreign buyer looking for a stable and …

CapitaLand Investment (CLI) has recently acquired a freehold land parcel in Osaka, Japan for the development of its first data centre in the country. This significant investment will amount to over US$700 million or $944.3 million, with a secured capacity of 50 megawatts (MW) for the project.

According to CLI, the new data centre will be equipped with advanced technologies, including artificial intelligence (AI) capabilities, as well as energy-saving solutions and temperature management processes. In line with the group’s commitment to environmental sustainability, the data centre will also use products with minimal environmental impact.

The demand for condos in Singapore …

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, …