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Guocoland Secures Two Green Facilities Dbs And Ocbc Refinance Its Properties

Posted on January 16, 2025

Singapore’s cityscape is characterized by skyscrapers and contemporary infrastructure. Condominiums, strategically situated in desirable locations, offer a fusion of opulence and practicality that attracts both local residents and expats. They are well-equipped with various facilities, including swimming pools, fitness centers, and security services, which elevate the living standards and make them alluring to prospective tenants and purchasers. For investors, these amenities translate into greater rental returns and appreciation of Singapore condos over time.

GuocoLand Secures $1.135 Billion Green Refinancing Facilities for Guoco Midtown and Midtown Bay

In a move towards sustainable development, GuocoLand has successfully secured two green facilities from DBS Bank and Oversea-Chinese Banking Corporation. The first facility, worth $1.135 billion, will be used to refinance Guoco Midtown, while the second facility, worth $105 million, will be used to refinance Midtown Bay. This is the largest green facility to date for the property developer.

The green facilities, which were raised under GuocoLand’s Green Finance Framework, demonstrate the company’s commitment to creating thoughtfully designed spaces that balance economic, environmental and social factors. To date, the company has secured about $5 billion of green financing, including green facilities for its other developments such as Guoco Tower and Lentor Mansion.

Group CFO of GuocoLand, Andrew Chew, says: “This latest refinancing activity allows us to optimise our capital structure while staying true to our commitment to creating thoughtfully designed spaces that balance economic, environmental and social factors.” He also adds that the successful refinancing is a testament to the company’s financial strength and the confidence that financial institutions have in their sustainability efforts.

In line with its commitment to sustainable development, GuocoLand’s upcoming developments, such as the Upper Thomson Road Development and Midtown Modern, will also be built with green features. This not only benefits the environment but also enhances the overall living experience for residents and tenants.

Shares in GuocoLand closed flat at $1.45 on Jan 15, reflecting investors’ confidence in the company and its sustainable development efforts.

Source: https://www.edgeprop.sg/property-news/guocoland-secures-two-green-facilities-dbs-bank-and-overseachinese-banking-corporation?utm_source=Facebook&utm_medium=article&utm_campaign=Echo…

River Green Great World City MRT The Ideal Choice for Expats Seeking Top International Schools and Convenient Commutes

Posted on January 16, 2025

Located just a short walk away, River Green Great World City MRT is the nearest shopping destination. This comprehensive retail mall is a hub for fashion, dining, and entertainment, offering a variety of popular brands such as Zara, Uniqlo, and Sephora. Families will also find educational and activity centers within the mall, including music and art schools for children. And for a fun evening out, the mall is home to Golden Village cinemas. To make things even more convenient, Cold Storage and Meidi-Ya supermarkets can be found within Great World City, allowing residents to easily shop for groceries and daily essentials.

For those who are concerned about safety and security, River Green Great World City MRT offers peace of mind with its 24-hour security and CCTV surveillance. The development also takes pride in its beautifully landscaped gardens and scenic riverfront views, providing residents with a serene and tranquil environment to come home to after a long day.

Furthermore, with its close proximity to the popular Great World City shopping mall, residents of River Green Great World City MRT will have a wide selection of entertainment, dining, and shopping options at their doorstep. This will not only save them time and effort but also provide them with a vibrant and dynamic lifestyle.

Located in the prime district of River Valley, River Green Great World City MRT is a luxurious and prestigious residential development that offers the perfect blend of convenience, comfort, and connectivity. One of its biggest draws is its close proximity to various renowned international schools that are highly sought after by expat families. These include the International School Singapore (ISS), Overseas Family School (OFS), Chatsworth International School, and many others. This makes it an ideal choice for parents who prioritize quality education for their children.

But perhaps one of the biggest advantages of choosing River Green Great World City MRT as a home for expats is the community that it offers. With a mix of local and international residents, expats will have the opportunity to interact and form friendships with people from all over the world. This sense of community is especially important for those who are new to the country and may feel homesick or lonely.

In conclusion, River Green Great World City MRT truly offers the best of both worlds for expats seeking a high-quality and convenient lifestyle in Singapore. With its prime location, top international schools, easy accessibility, and luxurious facilities, it is the ideal choice for those who want a well-rounded living experience. So, if you are an expat looking to make Singapore your new home, be sure to consider River Green Great World City MRT as your top pick.

Both areas are bustling with activity, ensuring residents have numerous dining options to choose from. As an added bonus, these restaurants are all must-tries for foodies and provide a refreshing change of pace from the usual dining spots. It is essential to note that these popular dining areas are not only known for their scrumptious food, but also for their lively atmosphere, making them a must-visit for both tourists and locals alike. Furthermore, with their diverse menu options and top-quality ingredients, these restaurants are sure to satisfy even the most discerning diners. So, whether you’re craving a hearty Italian meal or a delectable bowl of ramen, Robertson Quay and Clarke Quay are the perfect destinations for a culinary adventure. Just make sure to plan your visit soon, as these popular dining spots are sure to keep you coming back for more.
River Green’s convenient location near prestigious international schools makes it a highly sought-after residential area for expatriate families in search of top-notch education for their children. One of these reputable schools is the Overseas Family School (OFS), which is renowned for its diverse International Baccalaureate (IB) programs and multicultural atmosphere. With a commitment to providing excellent education to students of all nationalities, OFS is an ideal choice for families moving to Singapore.

The accessibility of River Green Great World City MRT is further enhanced by its direct connection to the Great World MRT station, which is part of the Thomson-East Coast Line. This means that residents can easily travel to other parts of the island, including the Central Business District and the Orchard shopping district, within minutes. For those who prefer to drive, the development is also well-connected to major expressways like the Central Expressway (CTE) and the Ayer Rajah Expressway (AYE).

In addition to its excellent location, River Green Great World City MRT also boasts a wide range of luxurious facilities that cater to the needs of both adults and children. For fitness enthusiasts, there is a 50-meter lap pool, a well-equipped gym, and a tennis court. For families with children, there is a children’s playground, a wading pool, and even a mini golf course. This ensures that there is something for everyone to enjoy within the comfort of their own home.

Living in a bustling city like Singapore can be both exciting and daunting, especially for expats who are looking to settle down with their families. One of the main concerns for these individuals is finding a place to call home that meets their needs for accessibility, convenience, and quality education for their children. This is where River Green Great World City MRT comes in as the ideal choice for expats seeking top international schools and convenient commutes.…

Roxy Square Relaunched Collective Sale Owners Eyeing 1115 Bil Price Tag

Posted on January 15, 2025

Collective Sale of Freehold Roxy Square to be Relaunched

The collective sale of freehold mixed-use development Roxy Square, located in the heritage-rich Katong area, is set to be relaunched with a reduced reserve price of $1.115 billion. This announcement was made by JLL, the appointed marketing agent of the property.

As one of the most iconic landmarks in Katong, Roxy Square comprises 296 shops, 26 apartments, and the 576-room Grand Mercure Roxy Hotel. The development was previously launched for tender last July at a minimum price of $1.25 billion, but the tender closed on Sept 26 without any successful offers.

According to JLL, the owners of Roxy Square are in the process of signing a supplemental agreement to lower the reserve price by 10.8% to $1.115 billion. However, for this proposed price to take effect, it would require the support of at least 80% of the owners. At present, over 70% of owners are already in favour of the lowered reserve price.

Under the new reserve price, the development is expected to have a unit land rate of $1,852 psf per plot ratio (ppr), which includes a Land Betterment Charge (LBC) at the gross plot ratio of about 3.86. With the addition of an extra 10% bonus gross floor area (GFA) for the residential component and the LBC, the land rate will be $1,804 psf ppr, as estimated by JLL.

JLL Singapore’s executive director of capital markets, Tan Hong Boon, believes that Roxy Square has strong potential in the private residential market due to its prime location and the high demand for quality residences in the Katong area. He also noted that the development is strategically located next to Marine Parade MRT Station (Thomson-East Coast Line), with a direct underground connection. Its freehold tenure, established and well-loved heritage locale, and excellent connectivity to amenities further add to its appeal.

The high demand for condos in Singapore can be attributed to the country’s limited land supply. As a small island nation with a growing population, Singapore faces the challenge of finding available land for development. To address this issue, strict land use policies have been put in place, resulting in a highly competitive real estate market where property prices continuously rise. Consequently, investing in real estate, specifically in Singapore Condos, offers a promising opportunity for significant capital appreciation. The constant demand for Singapore Condos has solidified its position as a top choice for investment among property buyers. With its desirability and potential for substantial returns, it’s no wonder that Singapore Condo is highly sought after in the real estate market.

Completed in 1996, Roxy Square has a gross floor area (GFA) of 668,000 sq ft and is partially zoned for commercial and residential use under the 2019 Master Plan, with a gross plot ratio of 3.0 along East Coast Road. The section of the development that fronts Marine Parade Road is zoned for hotel use.

Based on recent planning advice from URA, the entire Roxy Square site can be rezoned for commercial and residential use, and redeveloped into a high-rise mixed-use development that can rise up to 75m in height.

If the site is successfully redeveloped, it could potentially yield over 350 residential units, about 80,000 sq ft of retail and F&B space, and an additional 172,000 sq ft for office, hotel, or other commercial uses.

Roxy Square also enjoys accessibility to East Coast Parkway (ECP) and Nicoll Highway and is part of the Round-Island Route and Park Connector Network, making it an attractive location for residential, retail, and commercial purposes.

Tan Hong Boon noted that the proposed reduction in reserve price, if supported by the majority owners, will make the property even more appealing, especially considering the area’s consistent demand for quality residences. The sale of Roxy Square aims to thoughtfully shape a key part of Singapore’s East Coast for the future.

The tender for Roxy Square is set to close on Feb 18 at 3pm, and interested parties can contact JLL for more information.…

Arcady Boon Keng City Fringe Urban Oasis

Posted on January 15, 2025

The Arcady at Boon Keng is expected to be completed in 2027.

The Arcady at Boon Keng, a 172-unit freehold condominium, is set to become a prominent private residence upon its completion in 2027. Developed by trusted local firms KSH Holdings, SLB Development, and H10 Holdings, and designed by award-winning architectural firm Park + Associates, this modern and distinctive condominium will transform the Boon Keng area into a lush green space along Serangoon Road.

Since its launch for sale in January, The Arcady at Boon Keng has garnered considerable interest from investors and local buyers. The one-bedroom plus study units and two-bedroom units have been particularly popular due to their efficient layout and the project’s plethora of family-friendly amenities.

The development presents an exceptional opportunity for discerning buyers to invest in an affordable freehold property in the city-fringe. It stands out as one of the few new freehold projects to launch this year.

A Garden Oasis

With its unique architectural design and curated landscape, The Arcady at Boon Keng aims to be an urban oasis, offering a rare haven of luxurious tranquility amidst the hustle and bustle of the city. The landscape design, crafted by Park + Associates and Ecoplan Asia, features a tiered layout that leads from the Grand Arrival to the ground floor landscape deck, specially designed for this project.

This multi-layered design maximizes the greenery on the property and consolidates the facilities into a two-storey communal area at the base of the tower, instead of the typical three-storey set-up. This efficient use of space can also be seen on the 14th floor and rooftop, where several facilities are situated.

A Multitude of Facilities

The Arcady at Boon Keng offers a range of facilities spread across 47,000 sq ft, providing each of the 172 households with ample opportunities for excitement and relaxation. The development includes an infinity pool, spa pool, and family pool, as well as an indoor retreat at the second-storey Sky Terrace. The Kids Playground, Splash Patio, and Family Deck cater to the little ones, while the Social Deck, Botanic Club, and Chill Out Lounge provide options for adults. Residents can also enjoy a private dining experience at the Arcady Club on the 14th floor or the Gourmet Vista with a 360-degree view of the city skyline.

Unmatched Scenery

The residential tower and unit orientation have been carefully designed to offer residents spectacular views. The north-south orientation, combined with the elevated location of the development, gives units a vantage point of approximately 18m above street level. Additionally, the units are tilted away from the main road, minimizing traffic noise. Those on higher floors have a view of the Kallang River, while the south-facing units provide a vantage point of the Marina Bay area.

Thoughtfully Designed Layouts

Each unit at The Arcady at Boon Keng boasts an efficient layout. The master bedrooms can accommodate a king-sized bed, while the common bedrooms can easily fit a queen-sized bed. The project has seen strong demand for its larger units, including three-bedroom units of 969 sq ft, three-bedroom-plus-study units of 1,281 sq ft, and four-bedroom units of 1,410 sq ft. There are also two penthouses of 2,433 sq ft and 2,583 sq ft., making it the ideal choice for families with school-going children.

Strategic Location

The Arcady at Boon Keng is conveniently located in the city-fringe, within walking distance of Boon Keng MRT Station on the North-East Line. With just a six to seven-minute walk to the station, residents can enjoy a short commute to the city. Additionally, the Dhoby Ghaut MRT Interchange Station, which connects the North-East Line, North-South Line, and Circle Line, is only three stops away. The development is also in close proximity to various primary and secondary schools, including Bendemeer Primary School, Bendemeer Secondary School, St Andrew’s Junior School, and Hong Wen School. Amenities such as Woodleigh Mall and Bendemeer Mall are also just a short distance away.

Rewritten:

The advantages of investing in a condo extend beyond just the property itself. One notable benefit is the opportunity to leverage its value for future investments. Utilizing their condo as collateral, many investors are able to secure financing for new investments, allowing them to expand their real estate portfolio. While this approach can potentially increase returns, it’s important to have a solid financial plan in place and carefully consider the potential effects of market fluctuations. For more information on condo investments, check out Singapore Projects.

Affordably Priced

Since its launch in January, The Arcady at Boon Keng has already sold out all its one-bedroom plus study units and has an overall sales rate of close to 90% for its two-bedroom units. With an average selling price of approximately $2,570 psf, this freehold development offers a rare opportunity for buyers to invest in a centrally located property with great potential for capital appreciation. Its competitive pricing, coupled with its freehold tenure, makes it an attractive choice for buyers and investors alike.

In Conclusion

The Arcady at Boon Keng ticks all the boxes for modern homebuyers. Its well thought out design, central location, and family-friendly amenities make it an ideal choice for those looking for a comfortable and convenient home. With its scenic views, efficient layout, and affordable pricing, The Arcady at Boon Keng stands out as an exceptional investment opportunity in the city-fringe area.…

Freehold Strata Retail Units Lucky Plaza Sale 526 Mil

Posted on January 15, 2025

Singapore’s property market is a popular choice for investors, with condo investments being particularly attractive. However, before jumping into the condo investment bandwagon, one must take into account the country’s property cooling measures implemented by the government. In an effort to discourage speculative buying and maintain a steady real estate market, the Singaporean government has introduced various measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD) which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a safer and more secure investment environment. It is important for potential investors to consider not only the current market conditions, but also the country’s regulations in order to make informed decisions. New condo launches should also be taken into consideration as they may be affected by these measures and provide insight into the current state of the market.

A portfolio of freehold strata retail units in Lucky Plaza is being marketed for sale by Savills Singapore for a total of $52.6 million. Lucky Plaza, a mixed-use development situated along Orchard Road, consists of a residential tower and a six-story mall with a basement.

The collection of retail units encompasses 14 spaces located within the basement and the first two levels of the mall. The units range in size from 118 to 3,046 square feet, totaling 7,266 square feet of strata area.

According to Savills Singapore, the most notable feature of the portfolio is a food court spanning seven adjoining strata units, totaling 3,046 square feet and accommodating 11 stalls. The remaining retail units are currently occupied by a mix of businesses, including a pub, retail shops, beauty service providers, and a maid agency.

Savills Singapore’s Director of Investment Sales and Capital Markets, Sophia Lim, expects the retail units to benefit from high foot traffic due to their prime location in Lucky Plaza. She also notes that the basement food court in particular enjoys consistently strong crowds on a daily basis.

The guide price for the food court is $25.43 million, while the entire portfolio is available for purchase at an asking price of $52.6 million. Individual strata retail units can be purchased from $1.1 million onwards. Both foreigners and companies are eligible to purchase, and no additional buyer’s or seller’s stamp duty will be imposed.

Lim believes that prime strata freehold retail assets are increasingly sought-after by investors due to their scarcity, and the Urban Redevelopment Authority’s (URA) prohibition on further subdivision of commercial properties in Orchard Road. She also expects the planned revitalization of the Orchard precinct by URA to provide further upside for Lucky Plaza in terms of rental growth and capital appreciation.…

Hong Leong Led Consortium Submits Top Bid 821 Psf Ppr Tengah Gardens Avenue Gls Site

Posted on January 14, 2025

In our rapidly evolving world, the only constant is change. And nowhere is this more evident than in Singapore, where the landscape is constantly being transformed to meet the needs of its citizens. The latest example of this is the tender for the Government Land Sale (GLS) site at Tengah Gardens Avenue, which closed on Jan 14 with three bids.

The top bid of $675 million, or $821 per square foot per plot ratio (psf ppr), was submitted by a consortium led by Hong Leong, which includes GuocoLand Singapore and CSC Land Group. This 99-year leasehold site, which is zoned for ‘Residential with Commercial at 1st storey’, measures approximately 273,906 square feet and has a maximum gross floor area (GFA) of 821,720 square feet. The site has the potential to yield up to 860 residential units, according to estimates by the Urban Redevelopment Authority (URA).

If awarded, the Hong Leong-led consortium plans to build an 860-unit condo, taking advantage of the enhanced connectivity provided by the upcoming Jurong Region Line (JRL) nearby. This line will play a crucial role in the development of the new Tengah estate, as noted by Loke Kee Yeu, general manager (Projects) at Hong Leong Holdings Limited.

The Tengah Gardens Avenue site is in close proximity to the upcoming Hong Kah MRT Station on the JRL, which will be one stop away from the future Tengah Town Centre. The JRL also offers a direct route to the second Central Business District (CBD) at Jurong Lake District.

Investing in a condominium in Singapore has emerged as a popular trend in the real estate market, attracting both local and foreign investors. This can be attributed to Singapore’s strong economy, stable political climate, and exceptional living standards. With a plethora of opportunities available in Singapore’s real estate sector, condos have emerged as a top choice for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, considerations, and necessary steps to take when investing in a condo in Singapore. Additionally, for a comprehensive list of new condo launches, visit New Condo Launches.

The top bid of $821 psf ppr for the Tengah Gardens Avenue site is only 0.73% higher than the second-placed bid of $815 psf ppr, which was submitted by Chinese developer Kingsford Group. The third and final bid of $812 psf ppr came from local developer Sim Lian Group.

Despite the accelerated activity in the housing market that was observed at the end of 2024, developers remain cautious in their sentiment, says Leonard Tay, head of research at Knight Frank Singapore. Another GLS site at Dairy Farm Walk, which closed on the same day, received only two bids.

Tay believes that developers may have chosen to focus on existing sites that are scheduled for launch in 2025. He also points out that the tight spread between the three bids (less than 1%) indicates that developers are being more conservative in their bidding.

According to Mark Yip, CEO of Huttons Asia, developers are conscious of keeping their land bids reasonable in order to maintain attractive selling prices for buyers.

Yip expects more developers to submit joint bids for GLS sites this year to diversify risk. This may be one reason why the number of bids for GLS tenders has remained at around three.

Another possible factor contributing to the low number of bids is the current availability of GLS sites, says Marcus Chu, CEO of ERA. “With seven sites still open for tender and six more scheduled for launch in the first half of 2025, developers are taking a measured approach and weighing their options in light of moderated interest rates.”

Chu also points out that interest in the Tengah Gardens Avenue site may have been tempered by the availability of another nearby GLS site. He believes that developers could potentially be considering bidding for a different GLS site along Lakeside Drive and Lakeside MRT, which is scheduled to launch for tender in April 2025.

If awarded, the Tengah Gardens Avenue site will be home to the first private residential development (excluding Executive Condominiums or ECs) in the Tengah HDB township.

The first EC in this estate, Copen Grand, was successfully launched for sale in 2022. The 639-unit project, jointly developed by City Developments Limited (CDL) and MCL Land, sold out within a month of its launch. The developers had secured the EC site with a winning bid of $400.32 million, or $603 psf ppr, in May 2021.

The opportunity to launch the first private condo in the new Tengah estate may have attracted the Hong Leong-led consortium, as noted by Marcus Chu. “Having made successful bids for sites at Lentor, Upper Thomson and Bugis, they may see this as another opportunity to do the same in Tengah.”

As the first private condo, this development could appeal to a wider range of buyers than ECs, which are subject to HDB eligibility criteria and restrictions, such as a five-year minimum occupation period (MOP) and a monthly household income ceiling of $16,000, notes Mohan Sandrasegeran, head of research & data analytics at SRI.

Located within 2km of the future Anglo-Chinese School (Primary), the Tengah Gardens Avenue site is in a prime location, according to Ismail Gafoor, CEO of PropNex. With the school set to become a co-ed school in 2030, the site’s proximity to the school could be very appealing to families with school-aged children.

If the site is awarded at the top bid of $821 psf ppr, PropNex estimates that the average selling price of the new private condo could be around $2,000 psf. This could make it a highly profitable investment for buyers, as evidenced by the recent transactions at nearby condos and landed properties with the highest profits over the past year.

Considering the potential of the Tengah Gardens Avenue site and its highly attractive location, it is no surprise that it generated strong interest from developers. With the announcement of the successful bid expected in the coming weeks, all eyes will be on the Hong Leong-led consortium to see how they plan to turn this prime piece of land into a highly desired residential development.…

Own Hotel Singapore Palatable And Low Entry Point 14 Million

Posted on January 14, 2025

EDGEPROP – Located in District 14, a freehold 15-room loft hotel at 739-1 Geylang Road is now up for sale at $14 million. With a 2-storey building and a newly added 4-storey extension, this property sits on a 1,273 sq ft site and has an approved gross floor area of 3,186sq ft.

One of the main features of this hotel is its rare permanent “Hotel” zoning and usage approval for new conservation shophouses in Singapore. This designation adds to the property’s long-term investment appeal and operational flexibility. Its prime location, just a 5-minute walk from Paya Lebar MRT station, offers excellent connectivity as it serves both the East-West and Circle lines, providing easy access to different parts of the city.

Designed with a sophisticated Japandi theme, this hotel is currently under construction and is expected to receive its Temporary Occupation Permit (TOP) in the second quarter of 2025. The sale price is all-inclusive, covering construction and renovation costs, making it a perfect turnkey investment for those interested in the hospitality industry.

For investors, this property presents an attractive opportunity. The current owner, who has experience in operating hotels, is open to a sale and leaseback arrangement. This allows for immediate rental income and operational continuity. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., believes that this hotel will appeal to owner-operators as it comes with major renovations, enabling a smooth and quick start to operations.

Singapore’s urban scenery is characterized by stunning high-rise structures and state-of-the-art infrastructure. The city’s desirable location is a popular choice for luxurious condos, attracting both locals and foreign residents. These condos offer a harmonious mixture of opulence and convenience, making them highly sought after. With top-notch facilities like swimming pools, gyms, and 24-hour security services, they not only elevate the standard of living but also entice potential tenants and buyers. This not only brings in higher rental income but also increases the property’s value over time. Keep an eye out for New Condo Launches to stay up-to-date with the latest developments in the market.

Over the past year, there has been a growing demand for hospitality assets in Singapore. Significant transactions include LHN Group’s purchase of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. Last year, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million. In addition, Hotel JJH, a 25-room property at 747 North Bridge Road, is now on the market for $38 million. These recent trends highlight the strong demand for well-located and high-quality hospitality assets, which are considered one of the most desirable commercial shophouse usage classes in Singapore.

For more information, contact Eva Lau at 92785688, Senior Marketing Director (R062169F), ERA Realty Network Pte. Ltd.

Related News:

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Jll Appoints James Cameron Head Energy And Infrastructure Asia Pacific

Posted on January 14, 2025

JLL Names James Cameron as Head of Energy and Infrastructure for Asia Pacific

Singapore, a bustling metropolis known for its towering skyscrapers and advanced infrastructure, offers a wide array of luxurious condominiums in prime locations. These residential properties epitomize a perfect blend of extravagance and convenience, appealing to both locals and expatriates. Packed with top-of-the-line facilities like swimming pools, fitness centers, and 24/7 security services, these condos elevate the standard of living for its inhabitants, making them an immensely popular choice for potential tenants and buyers. Furthermore, these attractive features also translate into higher rental yields and a continuous rise in property values over time, making them a lucrative investment for investors. With the recent addition of Singapore Projects, the condo market in Singapore is poised to continue its upward trend. Singapore Projects serves as a testament to the thriving real estate market in Singapore.

Real estate consulting firm JLL has announced the appointment of James Cameron as its new head of energy and infrastructure for Asia Pacific, in the firm’s capital markets division. This newly-created role will be based in Singapore, according to a press release issued on January 14.

Cameron will lead the development of a team in the region, a move that complements JLL’s existing EMEA Energy & Infrastructure business and will create a global capital advisory capability, better serving both local and international developers and investors.

JLL states that Cameron’s appointment is in line with the long-term capital requirements necessary to support the development of infrastructure and renewable energy to meet the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

Read also: Increase in Capital Market Deals Expected by 40% by 2024 Following Interest Rate Cuts

Stuart Crow, JLL Asia Pacific CEO of capital markets, comments: “We see significant opportunities in leveraging our unique expertise in mobilizing multiple sources of capital, combined with JLL’s unrivaled track record in advising renewable energy transactions globally, to provide services to clients within the energy and infrastructure sectors across Asia Pacific.”

Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams throughout the region, with a specific focus on seeking out opportunities for capital raising and transaction advisory within the large infrastructure and renewable energy space. These opportunities will target a range of investors, such as institutional investors, private equity firms, asset managers, strategic infrastructure and renewable operators and developers, high-net-worth individuals, and family offices.

With over 25 years of experience in real asset capital markets, Cameron has held previous positions, including global head of commercial real estate at Standard Chartered Bank. He brings a wealth of experience in mobilizing both private and public equity and financing for global and regional infrastructure.

Crow adds: “James’ experience in this exciting space is unmatched regionally, and we are extremely confident in his ability to establish JLL’s leadership position through his expertise and client relationships.”…

Two Gcbs Belmont Road Sale 888 Mil

Posted on January 14, 2025

An expression of interest (EOI) sale is currently underway for two neighboring Good Class Bungalows (GCBs) located at 52 and 54 Belmont Road in the prestigious Belmont Park GCB area. The two properties, which are believed to be owned by relatives, are both freehold and sit on a combined land area of 41,741 sq ft. The indicative price for the properties is set at $88.8 million, which translates to $2,128 psf on the land area. According to the marketing agent Sakal Real Estate Partners, the combined plots have a 44m frontage along Belmont Road and an average depth of 66m.

Investing in a Singapore Condo presents a multitude of advantages, with one of the most significant being the potential for capital appreciation. This is due to Singapore’s favorable position as a global business hub, along with its strong and stable economy, which results in a consistent demand for real estate. The real estate market in Singapore has demonstrated a consistent upward trend in property prices over the years, particularly for condos in prime locations. As a result, investors who enter the market at the right time and hold onto their properties for an extended period can reap considerable capital gains. This makes investing in a Singapore Condo a lucrative opportunity for those looking to grow their wealth in the long term.

“We anticipate strong interest in this site from families looking to build a new home for multi-generational living or extended families living together,” says Lennon Koh, senior director at Sakal. “In addition, this property is also attractive to developers looking to tap into the exclusive GCB market.”

Based on the latest caveats lodged with the Urban Redevelopment Authority (URA), the most recent transaction on Belmont Road occurred in December last year when a GCB with a land area of 19,549 sq ft sold for $40 million ($2,046 psf). The nearby GCB at Bin Tong Park, with a similar land area of 28,111 sq ft, fetched $84 million ($2,988 psf) in April.

Sakal also points out the sale of a pair of adjacent GCB plots on Belmont Road in July 2024, which sold for $131.4 million or $3,000 psf based on their combined land area of 43,790 sq ft. Steven Ming, managing director at Sakal, believes that the GCBs on Belmont Road will attract strong interest due to their prime location and the sustained demand for GCBs. “In 2024, the total value of GCB transactions reached $1.32 billion, surpassing the figures for 2023 ($433 million) and 2022 ($1.18 billion),” he notes. “We anticipate more transactions in 2025.”

The EOI sale for the GCBs on Belmont Road will close on March 13 at 3pm.…

Jll Appoints James Cameron Head Energy And Infrastructure Asia Pacific

Posted on January 14, 2025

Real estate consulting firm JLL has named James Cameron as the new head of its energy and infrastructure division for Asia Pacific within its capital markets business line. In a press release on Jan 14, JLL announced that Cameron will be based in Singapore and will be responsible for building a team in the region.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. Condos, strategically situated in coveted locations, offer a perfect fusion of opulence and convenience, making them a desirable choice for both locals and foreigners. These lavish living spaces boast an array of facilities, including swimming pools, fitness centers, and round-the-clock security, elevating the standard of living and making them highly sought-after among prospective tenants and buyers. For savvy investors, these amenities equate to higher rental returns and appreciation in property values in the long run. Condos certainly make for a wise investment option in Singapore’s real estate market.

This newly created role aims to complement JLL’s existing energy and infrastructure business in EMEA and create a global capital advisory capability to better serve local and international developers and investors. According to JLL, this appointment aligns with the long-term capital requirements needed for the infrastructure and renewable energy development to address the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

The CEO of JLL Asia Pacific’s capital markets division, Stuart Crow, believes that there is a huge opportunity for the company to leverage its expertise in mobilising different sources of capital and its impressive track record in advising renewable energy transactions globally to serve clients in energy and infrastructure across Asia Pacific.

Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams across the region with a focus on originating capital raising and transaction opportunities for large infrastructure and renewable projects. These projects will cater to various institutional investors, private equity firms, asset managers, strategic infrastructure and renewable operators and developers, high-net-worth individuals, and family offices.

With over 25 years of experience in real asset capital markets, Cameron brings a wealth of knowledge to his new role. Previously, he was the global head of commercial real estate at Standard Chartered Bank. His expertise lies in mobilising both private and public equity and financing for infrastructure projects on a global and regional scale.

Crow expresses his confidence in Cameron’s ability to establish JLL’s leadership position in this exciting space through his expertise and client relationships. He believes that Cameron’s unmatched experience in the region makes him the ideal candidate for this role.…

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