Condo Gine Star Fruits

HPL Hotels and Resorts, a prominent player in the property and hotel industry, is making strides to establish its global presence with the proposed purchase of InterContinental Auckland for NZ$180 million ($138.5 million). This landmark acquisition, which is the group’s first in New Zealand and second InterContinental hotel purchase after InterContinental Maldives Maamunagau Resort, is expected to pave the way for further expansion in the region.

According to JLL’s Asia Pacific Hotels & Hospitality Group, which facilitated the off-market transaction in collaboration with Precinct Properties, this is the largest ever single hotel asset sale in New Zealand. This move comes hot on the heels of HPL’s recent launch of The Boathouse Tioman in Malaysia, featuring 31 bungalows, and the 176-room The Four Seasons Hotel Osaka in Japan last year.

HPL is determined to broaden its luxury hospitality portfolio in key markets of the Asia Pacific, leveraging its seasoned management team and strong partnerships with established operators such as IHG Hotels & Resorts. “The proposed acquisition of InterContinental Auckland presents a rare opportunity to acquire a premium asset in New Zealand,” states Stephen Lau, the chairman of HPL Hotels and Resorts. The property, which is seamlessly connected to the lively NZ$1 billion Commercial Bay lifestyle precinct that opened in January 2024, boasts stunning views of the Waitematā Harbour.

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When it comes to investing in a condo, securing the right financing is crucial. In Singapore, there are various mortgage choices available, but being familiar with the Total Debt Servicing Ratio (TDSR) framework is key. This framework sets a limit on the amount of loan a borrower can take based on their income and current debt commitments. To make well-informed financing decisions and avoid taking on too much debt, it is important for investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, keeping an eye on new condo launches can also provide potential investment opportunities.

Currently, the hotel has 139 rooms, but it has the potential to expand to 190 rooms by reconfiguring the existing office space to cater to future demand. With this strategic purchase, HPL is poised to strengthen its foothold in the fast-growing Asia Pacific region and solidify its position as a leading player in the luxury hospitality sector.…

According to a recent study by Colliers, institutional investments in real estate in the Asia Pacific (Apac) region have reached US$83.2 billion ($112 billion) in the second half of 2024, showing a 6% increase compared to the previous year. This brings the total investments for the whole year to US$155.9 billion, which is 12% higher than the previous year. The study covers the top nine markets in the region, which include Australia, Mainland China, Hong Kong, India, Japan, Singapore, South Korea, New Zealand, and Taiwan.

This growth in investments is a sign of the resilience of the Apac real estate market and sets a positive outlook for 2025, according to Chris Pilgrim, Colliers’ managing director of global capital markets, Asia Pacific. He also notes that domestic investors have played a major role in driving this growth, particularly in key markets such as South Korea, Taiwan, and New Zealand. In the second half of 2024, local investors accounted for over 80% of real estate investments in these markets.

The office sector was the largest contributor to the Apac investment volume, accounting for US$26.5 billion (32%) in the second half of 2024. For the whole of 2024, office investments reached US$51.4 billion, which is a 14% increase compared to the previous year. The industrial and logistics sector also showed strong growth, with US$22.6 billion in investments in the second half of 2024, or 27% of the total. This brings the total investments in this sector for the whole year to US$39.4 billion, which is a 29% increase compared to the previous year.

The retail sector also rebounded significantly, recording US$15 billion in investments in the second half of 2024, driven by major deals in Australia and South Korea. For the whole of 2024, retail investments reached US$26.1 billion, which is a 27% increase compared to the previous year.

Due to the scarcity of land in Singapore, condos have become increasingly desirable and sought-after in the country’s real estate market. Singapore, being a small island with a growing population, faces difficulties in finding available land for development. In response, the government has imposed stringent land use policies, leading to a highly competitive real estate market and a rise in property prices. In light of this, investing in real estate, specifically condos, presents a lucrative opportunity due to their potential for significant value appreciation. With condos being a profitable choice, it is a wise decision to consider them as a form of investment in Singapore.

Pilgrim predicts that domestic capital will continue to dominate most markets in 2025, but there will also be an increase in offshore investments due to improving investor confidence and attractive valuations. He also believes that the office and industrial segments will continue to see strong investments, but the retail, hospitality, and alternative asset classes will also gain traction as investors take advantage of the recovery in the market and changing consumer trends. He concludes that with a strong economic growth and policy support, the Apac real estate market is set for sustained investment activity in 2025.…

for $560 mil

CapitaLand Investment Limited (CLI) Group CEO Lee Chee Koon has been honoured with the prestigious ‘Industry Figure of the Year’ award for Asia Pacific at the 2024 PERE Global Awards. CLI, a leading real estate investment company, also received the runner-up award for ‘Firm of the Year’ in Asia Pacific. These awards, presented by PERE, a renowned London-based publication covering private equity real estate markets, recognise influential firms, individuals, and standout deals from the past year.

The winners of the 2024 PERE awards were selected by a panel of PERE journalists, in a departure from previous editions where readers voted on shortlisted submissions to determine the winners.

The decision to invest in a condominium in Singapore has gained immense popularity among both local and international investors. This is largely due to the country’s strong economy, political stability, and exceptional quality of life. With a plethora of opportunities in Singapore’s real estate market, condos are a top choice for their convenience, range of amenities, and potential for profitable returns. This article will delve into the advantages, factors to consider, and necessary measures to take when investing in a condo in Singapore, with a focus on Singapore Projects.

In its press release on March 4, CLI stated that CEO Lee was chosen for his instrumental role in driving CLI’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region. Since taking over as CapitaLand’s group CEO in September 2018, Lee has led key moves, such as the acquisition of Ascendas-Singbridge in 2019 and the 2021 restructuring of CapitaLand Group. This restructuring involved the listing of CLI and the privatisation of its real estate development arm, CapitaLand Development.

In 2024, CLI invested in real estate investment manager SC Capital Partners Group and acquired Wingate Group Holdings’ property and corporate credit investment management business. According to the company, it is on track to manage $200 billion in funds by 2028. These initiatives have contributed to CLI’s strong growth and success in the Asia Pacific region.…

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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.…

City Developments faces internal conflict that has resulted in a legal battle, causing shares to drop by 5.47% upon resumption of trading today. The company’s shares were halted on Feb 26, when a results briefing was abruptly cancelled. This incident was followed by news of a disagreement between executive chairman Kwek Leng Beng and his son, group CEO Sherman Kwek.

Understanding the laws and restrictions related to property ownership in Singapore is crucial for international investors. While the ownership regulations for landed properties are more stringent, foreign individuals can generally purchase condominiums with fewer limitations. However, these foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this additional cost, the reliability and potential for growth in the Singapore real estate market continue to attract foreign investments. With the option to invest in Singapore Projects, these prospects can be further enhanced.

In response to these allegations, CDL stated, “The company will not comment on the validity of these allegations, as many of them are subject to court proceedings.” CDL emphasized that their business operations remain unaffected and Sherman Kwek will continue in his role as CEO until the board decides otherwise.

As a result of the ongoing dispute, analysts have downgraded their calls and lowered their target prices for CDL’s stock. UOB Kay Hian’s Adrian Loh downgraded the stock from “buy” to “hold” and reduced the target price from $7 to $4.60, citing missed FY2024 estimates and the negative impact of the leadership tussle. Similarly, DBS Group Research and OCBC Investment Research both maintain a “buy” call for CDL but have reduced their target prices to $6.70 and $6.02 respectively.

JP Morgan analysts Mervin Song and Terence M Khi describe the situation at CDL as a “dynastic discord” resulting from years of frustration, underperformance, and public disagreement within the Kwek family. They hope for a positive resolution and family reconciliation but have reduced their target price from $6.05 to $4.85.

Overall, analysts see potential for CDL’s share price to rebound if the boardroom conflict is resolved and there is a focus on driving shareholder returns and profitability. However, until the matter is resolved, there is uncertainty and potential overhang on the company’s share price.…

Perpetual (Asia) Limited, the trustee of Elite UK REIT, has recently sold Crown Buildings, Caerphilly located at Claude Road, Caerphilly for GBP710,000 ($1.2 million), representing an 18% premium. The transaction was reported in a bourse filing on March 3rd by the manager of Elite UK REIT.

According to the filing, the vacant property was independently valued by CBRE at GBP600,000 at the end of 2024. This is a significant increase from its value of GBP530,000 at the end of 2023. The proceeds from the divestment will be utilized to pay off Elite UK REIT’s outstanding borrowings.

In summary, the decision to invest in a condominium in Singapore comes with a plethora of benefits. These include a high demand for such properties, the potential for capital appreciation, and attractive rental yields. However, it is crucial to carefully assess various factors such as location, financing options, government regulations, and overall market conditions. By conducting thorough research and seeking professional guidance, individuals can make well-informed choices and maximize their returns in the ever-evolving real estate market of Singapore. No matter if you are a local investor looking to diversify your portfolio or a foreign buyer searching for a stable and profitable investment, the condo projects in Singapore, such as those offered by Singapore Projects, present a highly compelling opportunity.

Elite UK REIT’s website states that Crown Buildings, Caerphilly has a gross floor area of 20,712 sq ft. The sale of this property comes after Elite UK REIT’s successful GBP28 million preferential offering in January 2024. This offering helped the company to decrease its leverage ratio from 50.0% at the end of 2023 to 43.4% at the end of 2024. Similarly, its net gearing ratio also declined from 47.5% to 42.5% during the same period.

Moreover, there is no debt maturing in 2025 and 2026 for Elite UK REIT, and the next refinancing is due in 2027. This reflects the strong financial position of the company and its ability to manage its debts effectively in the future.…

SINGAPORE (EDGEPROP) – The top profitable resale transaction for the week of Feb 7 to Feb 14 was recorded at Mandarin Gardens, with a 3,800 sq ft, four-bedroom unit fetching $4.88 million, or $1,284 psf on Feb 11. This sale resulted in a hefty $3.83 million profit for the seller, translating to an annualised capital gain of 7.4% over 21½ years. According to URA records, the eighth-floor unit last changed hands for $1.05 million, or $276 psf, in June 2003. The deal also breaks a record for the most profitable transaction recorded at Mandarin Gardens, previously held by a 3,068 sq ft, four-bedroom unit that generated a profit of $2.7 million (193%), or an annualised gain of 5.5% over 20 years. The condo has been experiencing stagnant resale prices since September 2023, with the average resale price breaking the $1,300 psf mark before peaking at $1,316 psf in June 2024 before falling slightly to $1,310 psf as of Feb 25. It is currently one of the most profitable projects with a total of four profitable transactions within a 12-month period. The second most profitable resale transaction recorded for the period in review was at Parvis, a 12-storey condo development located along Holland Hill in prime District 10. On Feb 10, a 2,260 sq ft, three-bedroom unit on the second floor was sold for $4.78 million ($2,115 psf). The previous transaction for the unit was in December 2009, when the then-developer sold it for $2.78 million, or $1,230 psf. This meant a profit of $2 million (71.9%), or an annualised gain of 3.6% over 15 years. Half of Parvis’ ten most profitable transactions were closed after October 2017, which is when prices began to bottom out, hitting almost $1,500 psf. Feb 2023 saw a slightly higher peak transacted price of $1,590 psf before it declined to $1,512 psf as of Jan 2025. Meanwhile, the most unprofitable transaction recorded during the period in review was that of a two-bedroom unit at Scotts Square. On Feb 13, the 947 sq ft unit on the 28th floor sold for $3.08 million ($3,252 psf), which is a $745,880 (19.5%) loss for the seller. This translates to an annualised loss of 1.3% over 17 years. Of the 69 unprofitable transactions recorded at Scotts Square since its launch in 2007, over one-quarter of them have resulted in seven-figure losses. The most unprofitable dealt with a 1,249 sq ft, three-bedroom unit, which was sold in February 2017 for $3.65 million ($2,923 psf). The sellers purchased it during launch in August 2007, for $5.21 million ($4,171 psf), resulting in a loss of $1.56 million (30%) over 10 years. The unit prices at Scotts Square has been declining since the launch in 2007. The peak is set at $4,054 psf in July 2007 before bottoming in August 2020 at $3,330 psf. As of Feb 2025, the average resale price of units is $3,398 psf. Scotts Square has 338 residential units, 20 one-bedroom units from 624 sq ft to 742 sq ft, 276 two-bedroom units from 840 sq ft to 1,259 sq ft, 32 three-bedroom units from 1,249 sq ft to 1,615 sq ft and 10 four-bedroom units from 2,260 sq ft to 3,229 sq ft. There are also 10 penthouses from 2,411 sq ft to 6,899 sq ft. The condo also has concierge services, a gym, a lap pool and a sky pool on the 35th floor.Mandarin Gardens is a 99-year leasehold condo development built on a 1.07 million sq ft land along Siglap Road in District 15. The project spans 17 nine-storey to 23-storey blocks with 1,006 residential and 11 strata commercial units. Apartment types are a mix of one- and two-bedders from 732 sq ft to 1,001 sq ft, three-bedders from 1,528 sq ft to 1,722 sq ft and four-bedders from 3,800 sq ft to 3,800 sq ft. Mandarin Gardens is close to East Coast Park, Parkway Parade Mall, SingPost Centre and the upcoming Thomson-East Coast Line, which will have a Siglap MRT station nearby.Parvis is a 248-unit, 12-storey mixed-use condo project situated along Holland Hill in prime District 10. On the first to fourth floors, there are three retail units, and on the fifth to 12th floors, are 245 residential units. Residential units are a mix of two-bedders from 990 sq ft to 1,001 sq ft, three-bedders from 1,528 sq ft to 1,528 sq ft and four-bedders from 2,605 sq ft to 2,605 sq ft. The condo has a 2006 TOP. The condo is five minutes away from Holland Village MRT Station along the Circle Line. It is also close to Orchard Road and the Holland Village shopping and dining district. Published on : Monday, February 28, 2022

Investing in a condo in Singapore offers numerous benefits, with one of the most attractive being the potential for capital appreciation. This is due to Singapore’s ideal position as a leading business center, along with its robust economic foundation, resulting in a constant demand for real estate. In recent years, the property market in Singapore has consistently risen, with prime location condos experiencing significant appreciation. By strategically entering the market at the opportune time and holding onto their properties for an extended period, investors can reap substantial gains. Additionally, with the introduction of new Singapore projects, the potential for even greater capital appreciation is evident.

Mandarin Gardens, a 1,006-unit 99-year leasehold development located along Siglap Road in District 15, has recently recorded the most profitable condo resale transaction in the week from February 7 to February 14.

This transaction, which occurred on February 11, involved a 3,800 sq ft four-bedroom unit that was sold for $4.88 million, or $1,284 psf. The previous transaction for the same unit was back in June 2003, when it was sold for $1.05 million, or $276 psf, resulting in a profit of $3.83 million for the seller.

This translates to an annualized capital gain of 7.4% over 21.5 years. According to URA records, this is the highest profit recorded for a transaction at Mandarin Gardens so far.

The second most profitable transaction recorded during the period in review was at Parvis, a freehold condo located along Holland Hill in prime District 10. On February 10, a 2,260 sq ft, three-bedroom unit on the second floor was sold for $4.78 million, or $2,115 psf.

The previous transaction for this unit was in December 2009, when it was sold by the developer for $2.78 million, or $1,230 psf. This resulted in a profit of $2 million for the seller, translating to an annualized gain of 3.6% over 15 years.

As for the most unprofitable transaction recorded during the period in review, it involved a 947 sq ft two-bedroom unit at Scotts Square, a mixed-use freehold development located along Scotts Road. This unit was sold for $3.08 million, or $3252 psf, on February 13. The previous transaction for the same unit was back in December 2007, when it was sold for $3.83 million, or $4039 psf, resulting in a loss of $745,880 for the seller.

Looking at the past year, Parvis has been one of the most profitable projects, recording four profitable transactions in total. On the other hand, Scotts Square has recorded 69 unprofitable transactions since its launch in 2007, with more than one quarter of these transactions resulting in seven-figure losses for the seller.

The average resale price for units at Scotts Square has been on a declining trend since the project’s launch, with the peak being $4054 psf in July 2007. Similarly, the average resale price for units at Parvis peaked at $1590 psf in February 2013, before declining to $1512 psf as of January 2025.

Mandarin Gardens is close to East Coast Park, the Parkway Parade Mall, SingPost Centre, and the upcoming Thomson-East Coast Line, with the Siglap MRT Station close by.

Parvis is close to Holland Village MRT Station along the Circle Line, and is also close to Orchard Road and the Holland Village shopping and dining district.…

During the period of Feb 7 to 16, the private condo market saw a new record for the highest psf-price achieved. Topping the list was the sale of a two-bedroom unit at Hill House, which sold at a peak of $3,398 psf on Feb 16. This beats the previous record of $3,378 psf set on Feb 11 for another two-bedroom unit of the same size on the eighth floor.

Hill House, a 999-year leasehold development located at the top of Institution Hill in District 9, comprises 72 units and was launched in 2022. It consists of 40 one-bedroom units, 24 two-bedroom apartments, and eight three-bedroom apartments. The recent transaction, sold by the developer for $1.54 million, marginally surpasses the previous record set in February.

As of February 16, 37 units (51.4%) have been sold at an average price of $3,152 psf since the launch of Hill House in November 2022, according to URA caveats. The condo is still under construction and is expected to be completed in the third quarter of 2026. Since the beginning of the year, eight units have been sold at an average price of $3,190 psf. This includes a 753 sq ft three-bedroom apartment that sold for $2.39 million on Jan 5 and is the most expensive unit sold so far at Hill House in terms of absolute price.

In second place on the list of condos with new psf-price highs is The Tresor, where a resale transaction of a 1,421 sq ft unit on the fifth floor was sold for $3.73 million ($2,625 psf) on Feb 10. This surpasses the previous record of $2,501 psf set in March 2024 for a 1,399 sq ft, three-bedroom unit on the second floor that sold for $3.5 million.

The Tresor, a 62-unit development located on Duchess Road in District 10, was completed in 2007 and offers a mix of two-, three-, and four-bedroom apartments ranging from 990 to 2,896 sq ft. The recent resale transaction is the first in a year, according to URA caveats, with the most recent transaction being in March 2024 for a 1,399 sq ft unit that sold for $3.5 million ($2,501 psf).

Finally, making it to the top three on the list is Jadescape, where a 1,647 sq ft, four-bedroom unit on the 22nd floor sold for $4.05 million ($2,459 psf) on Feb 7. This sets a new record for the District 20 development, beating the previous peak of $2,446 psf set in January for a 1,259 sq ft unit on the 10th floor. The most expensive unit sold at Jadescape in terms of absolute price is a 4,230 sq ft, six-bedroom penthouse that fetched $10.2 million ($2,399 psf) in December 2024.

Jadescape, a 99-year leasehold condo that was completed in 2022, comprises 1,206 units spread across seven residential towers. Located at the junction of Marymount Road and Shunfu Road, the development offers one- to five-bedroom apartments ranging from 527 sq ft to 2,099 sq ft, along with two penthouses of 4,230 sq ft. Notably, Jadescape commands one of the highest average transacted prices among condos within a 1km radius, with an average of $2,192 psf for transactions in the last 12 months, according to EdgeProp Research. Other nearby condos such as Tresalveo, Longhaus, and Thomson V Two have average transacted prices ranging from $1,712 to $1,912 psf, all of which are freehold developments.

Investing in a condo requires careful consideration of financing options. In Singapore, there are various mortgage choices available, but it is crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take based on their income and current debt obligations. To ensure wise financial decisions, it is advisable to understand the TDSR and seek guidance from financial advisors or mortgage brokers. This will help investors avoid over-leveraging and make well-informed choices. Additionally, for a comprehensive list of available Singapore projects, visit Singapore Projects.

During this period, no new psf-price lows were recorded in the private condo market.…

Chiu Teng Group has once again proven its expertise in developing top-notch commercial and industrial spaces with the launch of its newest development – CT Pemimpin. As buyers and investors in land-scarce Singapore strive to find freehold properties, the nine-storey, partial ramp-up factory offers a gem for those seeking quality and convenience.

Renowned for its success in developing premium commercial and industrial spaces in Singapore, Chiu Teng Group is excited to launch its latest development – CT Pemimpin – a freehold B1 industrial building that is set to impress property investors and business owners alike.

Strategically located at 43 Jalan Pemimpin in the heart of the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory that consists of 56 strata-titled units and three canteen units. The building boasts floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors located on levels one and five. This provides businesses with ample space and flexibility for their operations.

One of the most attractive features of CT Pemimpin is its rare freehold status, which sets it apart from other industrial developments in the market that usually have a 30-year or 60-year lease. Additionally, buyers of commercial and industrial properties are exempt from Additional Buyer’s Stamp Duty (ABSD), making it an appealing investment option for both local and foreign buyers.

Kelvin Fong, Deputy CEO of PropNex Realty, comments, “With its strategic location and freehold status, CT Pemimpin is an exceptional investment asset for both investors and end-users.”

In addition to its freehold status, CT Pemimpin also boasts a generous one-to-one carpark ratio with 59 carpark lots, including two electrical vehicle lots, three lorry lots for less than 7.5m rigid-frame vehicles at the loading and unloading bay, two handicapped lots, and 34 bicycle lots. The development is also well-served by two passenger lifts and a service lift, making it easily accessible for all occupants.

Ken Low, SRI Managing Partner, adds, “One of the standout perks of CT Pemimpin is the allocated carpark lot for each of the 59 units, providing convenience for business owners. This allows for seamless accessibility and time-saving.”

Aside from its excellent carpark ratio, the partial ramp-up design of CT Pemimpin also enhances accessibility, making it easy for businesses to load and unload goods more efficiently. This will ultimately improve logistics efficiency, making it the ideal choice for businesses looking for convenience, functionality, and ease of access, in addition to its prime central location.

The demand for condos in Singapore remains strong due to a variety of factors. One of the key reasons is the limited amount of land available for development. As a small island nation with a rapidly expanding population, Singapore is faced with the challenge of scarcity when it comes to land. This has resulted in strict regulations on land use and a fiercely competitive real estate market that consistently drives up property prices. As a result, investing in real estate, especially in Singapore Condos, has become a highly lucrative venture, with the promise of significant capital appreciation.

Another key selling point of CT Pemimpin is its centralised location which is highly sought after by buyers and tenants. Situated in District 20, the industrial building is surrounded by well-established townships like Bishan, Upper Thomson, and Ang Mo Kio, providing a myriad of amenities. Its strategic location also offers excellent connectivity to all parts of Singapore, with easy access to three MRT lines, making it convenient for those who commute to work by public transport.

With its close proximity to Marymount MRT station (Circle Line), Upper Thomson MRT station (Thomson-East Coast Line), and Bishan MRT station (North-South Line), it is easily accessible for motorists as well, being close to major expressways such as PIE and CTE. Its strategic location is further enhanced by an upcoming expressway, the North-South Corridor, which will reduce travelling time from the north into the city when it is completed in phases from 2027. Various reputable schools are also nearby, including Raffles Institution, Catholic High School, and Eunoia Junior College.

In addition to its excellent connectivity, the building is also within a short distance to popular suburban shopping hubs such as Junction 8, Thomson Plaza, Velocity@Novena Square, AMK Hub, NEX, Woodleigh Mall, Toa Payoh HDB Hub. Furthermore, the development will be designed with thoughtful ‘end-of-trip’ facilities like a shower room, bicycle racks, and storage lockers, as well as communal facilities such as a sky garden with two rooftop pavilions for tenants or occupiers to host outdoor gatherings.

Mark Yip, CEO of Huttons Asia, comments, “With water-saving fittings, double-glazed windows for certain units, and many other green features for sustainability, CT Pemimpin aims to shape a greener and more committed future. It has superior specifications to cater to a wide range of end-users in industries such as e-commerce, media houses, telecommunications, software development, and more.”

Launched by Chiu Teng Group, a reliable property developer and builder with a proven track record, CT Pemimpin is the latest addition to its impressive portfolio, which includes well-received industrial and residential projects such as CT FoodNEX, CT Foodchain, The Creek@Bukit, Tagore8, and CT Hub & Hub 2. The preview of CT Pemimpin will end on March 25, 2025. Don’t miss this opportunity to own a rare freehold industrial space today! Call 8100 8017 or visit Chiu Teng Group to arrange a viewing.…

Resale prices for retail units at Sim Lim Square hover above district average The upcoming ERA auction will feature a pair of adjoining retail units on the third floor of Sim Lim Square with a total guide price of $3.38 million. The two units, which have a combined floor area of 1,528 sq ft, can be purchased together or separately. The larger unit, measuring 958 sq ft, is priced at $2.08 million ($2,171 psf), while the smaller unit, measuring 570 sq ft, has a guide price of $1.28 million ($2,246 psf). This is the first time both units have appeared on ERA’s auction listings, as they are being sold by their owner.

According to Alison Lee, assistant vice president of auction and sales at ERA, these units are competitively priced at slightly below the market average in order to attract a quick sale.

In the last 12 months, the average transaction price for retail units at Sim Lim Square was $2,997 psf, based on data from EdgeProp Singapore’s analytical tools. The most recent sale at the development was a 592 sq ft shop on the ground floor, which sold for $1.92 million ($3,241 psf) in December 2024.

Sim Lim Square is well-known as a technology hub, with a concentration of electronics, gadgets, and computer parts retailers. It also houses various food outlets and traditional Chinese medicine shops. Both retail units at the auction are currently tenanted, generating a monthly rental income of around $4.50 psf. Data from EdgeProp Singapore shows that rental yields for retail units at Sim Lim Square range from $4.20 to $7.30 psf per month, based on a rolling 12-month average.

The owners of Sim Lim Square attempted to sell the development through a collective sale in April 2019, with an initial reserve price of $1.25 billion. The property was relaunched for sale in December of the same year at the same price, but did not receive any offers. Plans for a subsequent collective sale attempt in 2022 led by a committee also fell through. Lee states that a new committee will be formed to consider another collective sale attempt in the near future.

The cityscape of Singapore boasts impressive skyscrapers and state-of-the-art development. Condominiums, strategically located in sought-after locations, offer a combination of opulence and practicality that appeals to both locals and foreigners. These residential complexes are well-furnished with top-notch facilities, including swimming pools, fitness centers, and round-the-clock security, elevating the living experience and making them highly attractive to potential tenants and buyers. For investors, these attractive features equate to higher rental returns and appreciate in property value over time. Moreover, with the introduction of new condo launches, the selection of these upscale homes is continually expanding.

Built in 1987, Sim Lim Square is a 99-year leasehold commercial complex located on Rochor Canal Road in District 7. It consists of six floors and two basement levels, with 492 retail and office units. The property sits on a land area of 78,152 sq ft and was completed in 1983. It is conveniently located within walking distance of Rochor and Jalan Besar MRT Stations on the Downtown Line, while the Bugis MRT Interchange connects the East-West and Downtown Lines.…