Month: February 2025

When it comes to investing in real estate, location is a vital consideration, and this is particularly evident in Singapore. In this country, condos that are situated in central areas or close to important amenities such as schools, shopping centers, and public transportation hubs tend to have a higher appreciation in value. Some prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values over the years. This makes them desirable areas for purchasing a Singapore Condo as an investment. Additionally, the presence of reputable schools and educational institutions in these areas adds to the appeal for families, further increasing the potential for a profitable investment.

By Colliers International

Colliers released research in February 2025 predicting a decrease in industrial property prices and rents in Singapore due to an increase in supply and a decrease in demand. The real estate firm expects annual rental and price growth to be between 0% to 2% in 2025, compared to last year’s growth of 3.5%. According to Colliers, the decline in outlook can be attributed to the recent data released by JTC, which showed a “loss of momentum” in the market. Colliers noted that the rental index for all industrial properties increased for the 17th consecutive quarter in the fourth quarter of 2024, rising by 0.5%. However, this growth was significantly lower than the 8.9% rental growth recorded in 2023. The price index also saw an increase of 0.5% in the fourth quarter of 2024, which was a decrease from the 1.2% growth in the previous quarter. Overall, industrial property prices only saw a modest increase of 2.1% in 2024, which was less than half of the 5.1% increase in 2023.Read also: Industrial property market ends 2024 with modest gains in rents and pricesAdvertisementAdvertisementColliers also mentioned that there will be a significant increase in the supply of industrial space this year, with over 2.5 times the supply seen in 2024. However, this surge in supply has led to an imbalance in the market, with some segments experiencing slower precommitments or lower occupancy rates in completed projects. The combination of higher supply and cautious occupiers, due to high interest rates and operating expenses, is expected to continue to dampen rental growth. Additionally, the ongoing trade protectionism has brought uncertainty into global markets, which could affect business confidence and investment decisions.On the other hand, there are still some positive factors that could support industrial demand, such as the growth of the semiconductor, logistics, and advanced manufacturing sectors. Colliers also expects leasing activities to gradually increase as policies become clearer and market sentiments improve, thanks to the ongoing upturn in the chip cycle. However, with the projected decrease in rents, Colliers believes that 2025 could be a good year for tenants, as they will have more options in the market. The firm also predicts that newer industrial developments with modern specifications could attract businesses to relocate from older manufacturing spaces. Nicolas Menville, executive director and head of Singapore-based industrial clients for Colliers, stated that this is a good opportunity for tenants to take advantage of the increase in supply and newer options in the market.Check out the latest listings for Industrial Real Estate propertiesAsk BuddyPast Industrial rental transactionsListings for industrial propertyPast Industrial sale transactionsPrice trend for industrial property salesCompare price trend of Commercial vs Industrial propertiesPast Industrial rental transactionsListings for industrial propertyPast Industrial sale transactionsPrice trend for industrial property salesCompare price trend of Commercial vs Industrial propertiesRELATED NEWSIndustrial rents, prices rose for 13th straight quarter in 4Q2023 Industrial property at Genting Road sold for $12 milFreehold industrial unit in Bishan for sale at $15.4 milBy Colliers International…

Investing in a condo in Singapore presents a multitude of advantages, with one of the most noteworthy being its potential for capital appreciation. As a leading global business hub, Singapore boasts a strong and stable economy, creating a high demand for real estate. This has resulted in a consistent uptrend in property prices, particularly in prime locations where condos have experienced considerable appreciation. Savvy investors who enter the market at the opportune time and hold onto their properties for the long haul can reap substantial profits from capital gains.

Tan Boon Liat Building, a commercial property situated at 315 Outram Road, is currently undergoing collective sale through a public tender with a minimum price of $1.15 billion. The freehold premises occupies two separate land plots designated for “Business 1” use and has a combined site area of approximately 175,655 square feet. It is strategically located next to the Havelock MRT Station on the upcoming Thomson-East Coast Line (TEL) and is currently home to numerous furniture and home decor stores.

According to Cushman & Wakefield, the appointed advisor and marketing agent for the property, the Urban Redevelopment Authority (URA) has issued an Outline Planning Advice on January 22 recommending the rezoning of the site to “Residential with Commercial at 1st storey” with a plot ratio of 4.9, an increase from the current 3.1. This would result in a 50% rise in the total allowable gross floor area (GFA), as stated by Cushman & Wakefield.

In addition, URA has advised the amalgamation of several remnant state land plots into the main plot. The estimated land area of these state land plots is about 20,451 square feet, subject to final survey and approval from relevant authorities. Taking these into account, Cushman & Wakefield projects that the total GFA potential of the site, including the state land plots and any bonus GFA entitlement, would be over 1.06 million square feet. The first storey can also accommodate a commercial GFA of up to 16,146 square feet.

As part of the residential allocation, a minimum GFA of about 161,459 square feet will be designated for Serviced Apartments II (SA2) with a minimum three-month stay requirement. The permitted height for the new development ranges from 130 meters to 180 meters.

Based on the reserve price, which includes land betterment charges on rezoning, the estimated premium for the remnant state land and the 10% bonus GFA applicable to the residential part, the projected land rate amounts to $1,888 per square foot per plot ratio.

Recent industrial sales transactions at Tan Boon Liat Building (Source: EdgeProp Buddy)

According to Christina Sim, senior director of capital markets at Cushman & Wakefield, the site will be attractive to developers due to its freehold tenure and its location on the TEL, which is expected to be a draw for homebuyers. She adds, “The biggest game-changer, however, is the fact that no Additional Buyer’s Stamp Duty (ABSD) is payable on this potential purchase as the original site is zoned ‘Business 1’.”

The tender for the site will close on March 18 at 3 pm.…

The biggest penthouse at Park Nova has just been sold, creating a new record price for the development. The five-bedroom unit, located on the 20th floor and boasting 5,899 square feet of space, was sold by the developer for a whopping $38.888 million. This translates to a per square foot price of $6,593, according to a recent caveat on the URA Realis database, dated Jan 21.

This sale marks the highest recorded price for a unit at Park Nova, both in terms of absolute price and per square foot. The previous records for both categories were held by a 4,499 square foot penthouse that sold in May 2021 for $26.026 million, or $5,784 per square foot.

Investing in a condo in Singapore is a wise decision that offers a plethora of benefits. The country’s real estate market is highly sought after, and investing in a condo can bring in high demand, potential for capital appreciation, and attractive rental yields. However, before making a purchase, it is crucial to carefully consider various factors, such as location, financing options, government regulations, and market conditions. To ensure a successful investment, conducting thorough research and seeking professional advice is highly recommended. With New Condo Launches in the mix, investors can stay updated on the latest developments and make informed decisions to maximize their returns in Singapore’s dynamic real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and profitable investment, Singapore’s condos are a compelling opportunity that should not be missed.

In addition, this transaction also sets a new record for the second-highest per square foot price ever registered for a condo unit in Singapore. The current record holder is a unit at The Marq on Paterson Hill, which sold for $20.54 million, or $6,650 per square foot, back in 2011. These impressive numbers are proof of the continued demand for luxury properties in the city-state.

According to industry sources, the Park Nova penthouse sold on Jan 21 is rumored to be part of a collection of properties linked to a $3 billion money laundering case that was recently put up for sale. The same penthouse was previously reported to have sold in 2021 for $34.438 million, or $5,838 per square foot.

This particular penthouse is not the only property the developer has managed to sell in recent weeks. According to caveats, three other units at Park Nova were sold within a month. These include a four-bedroom apartment on the 19th floor, which measures 2,906 square feet and was sold for $16.59 million ($5,708 per square foot) on Jan 17. Another four-bedroom unit, measuring 2,896 square feet and located on the 18th floor, sold for $15.99 million ($5,522 per square foot) on Dec 27, 2021.

Park Nova is a freehold luxury condo situated in prime District 10, at the junction of Orchard Boulevard and Tomlinson Road. Developed by Hong Kong’s Shun Tak Holdings, the project received its temporary occupation permit just last November. With a total of 54 units, Park Nova offers homeowners the ultimate luxury living experience. Interested buyers can visit EdgeProp Buddy for the latest listings and prices for Park Nova properties.

For those looking to purchase a luxury condo in District 10, EdgeProp Buddy also offers various tools to assist in their search. These include a site plan and diagrammatic chart for Park Nova, a price trend comparison between condo and executive condo sales, and a price trend graph for new launch condos in District 10. Additionally, visitors can also check the total number of units in Park Nova and a project summary for the condo.

In related news, a freehold bungalow located at 11 Claymore Road is currently on the market for $95 million. Meanwhile, Pullman Residences Newton has set a new high of $3,671 per square foot for luxury condos in Singapore. According to a recent update, the average price of luxury condos in 2022 has dipped by 7% year-on-year.…

CapitaLand Investment (CLI) recently announced its acquisition of a freehold land parcel in Osaka, Japan for the development of its first data centre in the country. This project will involve a total investment of over US$700 million, or $944.3 million, and has secured 50 megawatts (MW) of power capacity.

According to CLI, the data centre will be equipped with advanced technology to support artificial intelligence (AI) capabilities. It will also implement energy-efficient solutions such as advanced cooling technology and adhere to industry best practices for temperature management. Additionally, the data centre will use products with low environmental impact, such as those with zero ozone depletion potential or with a global warming potential (GWP) of less than 100.

Manohar Khiatani, the senior executive director of CLI who oversees the group’s data centre business, stated that this acquisition aligns with the company’s investment theme of digitalization and expands its presence in Japan, one of its focus markets. He also highlighted the advantage of CLI’s strong balance sheet, allowing them to strategically invest in quality assets, including data centres, for their future private funds. Khiatani added that Japan is a Tier 1 data centre market expected to experience tremendous growth.

Japan’s data centre market is projected to have a compound annual growth rate (CAGR) of 10%, reaching US$38.7 billion in 2038 from US$23.8 billion in 2023. Khiatani also noted that Japan is the largest data centre market in Asia Pacific, apart from China, with a capacity of 1.4 gigawatts.

CLI’s data centre acquisition in Osaka is well-positioned to cater to the growing demand in the established data centre cluster, where major cloud service providers like Amazon Web Services, Google Cloud, Microsoft Azure, and Oracle have already established a presence. Michelle Lee, the managing director of private funds (data centre) at CLI, commented on the strong institutional interest in data centre investments, with 97% of investors planning to increase their overall investment. Lee added that CLI has raised US$600 million for its data centre development funds in Asia since October 2020 and will continue to pursue attractive investment opportunities for its private fund investors.

CLI has added 23 data centres to its global portfolio in 2021. Across Asia and Europe, CapitaLand Group has 27 data centres with around 800 MW of power and a total of $6 billion of assets under management. On February 3, shares in CLI closed 4 cents lower at $2.42, down 1.63%.

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The appeal of condos in Singapore remains strong due to the limited availability of land. As a small but densely populated island country, Singapore grapples with the challenge of limited space for development. This has resulted in strict land use regulations and a fiercely competitive real estate market, where property prices continue to soar. This makes investing in real estate, particularly condos, an attractive prospect with the potential for significant capital growth. To capitalize on this demand, consider investing in a condominium in Singapore.…