Investing in a condo in Singapore has become a popular choice for both local and international investors. This is mainly because of the country’s strong economy, stable political situation, and exceptional quality of life. The Singapore real estate market offers a variety of investment options, but condos are particularly attractive due to their conveniences, amenities, and potential for profitable returns. In this Condo Investing 101 guide, we will explore the benefits, important considerations, and necessary steps for investing in a condo in Singapore. If you are looking to invest in a condo, this is the right place to start.
The statement below is a summarization of an announcement made by Elite UK REIT regarding the divestment of Crown Buildings, Caerphilly at Claude Road, Caerphilly, for GBP710,000 ($1.2 million). The property was sold at a premium of 18% by the trustee, Perpetual (Asia) Limited. The independent valuation conducted by CBRE valued the vacant property at GBP600,000 at end-2024. Crown Buildings, Caerphilly, located in Wales, was valued at GBP530,000 at the end of 2023. The net proceeds from the sale will go towards repaying Elite UK REIT’s outstanding loans. The property has a gross floor area of 20,712 sq ft. The successful GBP28 million preferential offering in January 2024 resulted in a decrease in leverage and net gearing ratios for Elite UK REIT. The announcement also states that there is no debt maturing in 2025 and 2026, with refinancing only due in 2027.