In summary, the prospects of investing in a condo in Singapore are highly promising, offering a multitude of benefits such as strong demand, potential for appreciating value, and appealing rental yields. However, it is crucial to carefully assess various factors including the location, financing options, government regulations, and market conditions. Through thorough research and seeking expert guidance, investors can make well-informed decisions and maximize their returns in Singapore’s dynamic real estate market. Whether you are a local investor seeking to diversify your portfolio or an overseas buyer searching for a stable and profitable investment, condos in Singapore are an enticing option. With the added advantage of Condo, this investment opportunity becomes even more compelling.
Tuan Sing Holdings, a property developer and investment company listed in Singapore, has announced its plans to reconstruct its mixed-use properties at 121-131 Collins Street and 23-25 George Parade in Melbourne.
The company’s wholly-owned subsidiary, Grand Hotel Group (GHG), has appointed Hong Kong-based urban design firm Urbis Ltd to submit a Town Planning Application to the City of Melbourne for the proposed works. Currently, the properties house the 550-room Grand Hyatt Hotel and various retail spaces.
In the reconstruction, a significant portion of the existing podium structure will be retained, allowing business operations for tenants and the Grand Hyatt Hotel to continue as usual. The focus of the works will be on façade modifications, extensive refurbishment, and reconfiguration of spaces in the property’s podium from levels 4 to 9B, according to Tuan Sing’s announcement on Nov 14.
Upon completion, and subject to regulatory approvals, the site will have approximately 909,550 sq ft in total gross floor area (GFA) and will feature a new luxury retail and F&B precinct.
Tuan Sing’s CEO, William Liem, believes that the podium redevelopment at 123 Collins Street will redefine connectivity and activation at one of the most prominent intersections in Melbourne’s renowned Paris End. He also sees this as an opportunity to make an architectural statement of the company’s environmental stewardship. By reimagining instead of rebuilding, they aim to pursue an inherently sustainable vision that supports a thriving, connected, and culturally vibrant Melbourne for generations to come. So, if you’re looking to invest in overseas properties, explore the available projects for sale around the world.