Month: March 2025

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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.…