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Investing in a condominium in Singapore comes with numerous advantages, one of which is the potential for capital growth. This is due to the country’s strategic location as a major business hub and its strong economic fundamentals, which ensure a steady demand for real estate. In recent years, property prices have continued to rise steadily, especially in prime locations, resulting in significant appreciation of condo values. As a result, investors who enter the market at the right time and hold onto their properties for the long term can expect to reap substantial profits from capital appreciation. Additionally, the introduction of New Condo Launches has further enhanced the potential for capital appreciation. These launches offer attractive investment opportunities for individuals seeking to maximize their returns in the ever-growing real estate market. With New Condo Launches, investors can tap into the promising growth potential of the market and make sound investment decisions for their future financial success.
According to a press release on March 3, 2021, Singapore-based private equity real estate firm SC Capital Partners Group has completed the sale of its student accommodation asset in Sydney, Australia. The property, located on Anzac Parade and Lorne Avenue in Kensington, was sold at a significant premium to the group’s acquisition price and a 19% premium to its current book value. The buyer of the asset is the University of New South Wales (UNSW) in Sydney.
SC Capital Partners had initially purchased the property in 2016 for a reported price of A$57 million. The purpose-built student accommodation spans 85,035 sq ft and features 233 beds, as well as a ground-floor commercial podium. It is strategically located within 600m of the UNSW Kensington Campus and is fully leased to the university. In 2019, a fresh 20-year master lease was signed between SC Capital Partners and UNSW.
The sale of this student accommodation asset further adds to the growing activity in the private equity real estate market. The recent transaction raises the firm’s assets under management (AUM) to a significant amount of $113 billion, highlighting the competitive nature of the industry. With the successful sale of its Sydney asset, SC Capital Partners is positioned to continue its growth in the real estate market.