Month: February 2025

5:03 PM

Colliers Expands Occupier Services Team Across Asia Pacific with Two New Appointments

Global real estate services firm Colliers International is continuing to strengthen its presence in Asia Pacific with the appointment of two new directors to its occupier services team.

In a press release on Feb 25, Colliers announced that Leanne Chin has been appointed as the director of regional tenant representation for Asia Pacific. Based in the firm’s Singapore office, Chin brings with her over 20 years of experience in the real estate industry, with a focus on corporate real estate and tenant representation.

When considering investing in a Singapore Condo, one must take into account the government’s property cooling measures. In an effort to prevent speculative buying and maintain a steady real estate market, the Singaporean government has implemented various measures over the years. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a more secure environment for investment.

In her new role, Chin will be responsible for driving the growth of Colliers’ occupier services platform in the Asia Pacific region and assisting clients in navigating complex real estate landscapes.

Additionally, Colliers has appointed Ali Porter as the director of enterprise clients for Hong Kong. Porter, who has been with Colliers for the past four years and was previously based in London, will be relocating to Hong Kong to take up his new role.

In this role, Porter will work closely with occupiers to align their real estate portfolio with their corporate strategies across the Asia Pacific region.

Commenting on these new appointments, Terence Tang, managing director of capital markets and investment services for Asia at Colliers, said: “We are delighted to have Leanne and Ali join our expanding team. With their extensive experience and knowledge of the industry, we are confident that they will add tremendous value to our occupier services platform and enable us to better serve our clients in the region.”

These new appointments are part of Colliers’ ongoing effort to strengthen its presence and capabilities in Asia Pacific, a key market for the firm. With the addition of Chin and Porter, Colliers looks set to continue providing high-quality real estate services to its clients across the region.…

It is crucial for those considering investing in Singapore’s real estate sector to have a comprehensive grasp of the regulations and limitations surrounding property ownership for foreigners. While the ownership guidelines for landed properties are quite stringent, the policies for foreign buyers looking to purchase condominiums are comparatively more flexible. Nonetheless, it is important for foreign investors to take into account the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property purchase. This added expense notwithstanding, the consistent growth and potential of the Singapore property market continue to attract foreign investments. Moreover, with an abundance of new condo launches, there are now even more opportunities for foreign investors to tap into the flourishing Singapore property market and New Condo Launches in particular.

The property at Ching Shine Industrial Building is up for collective sale by tender, with JLL as the sole marketing agent. The minimum price for the freehold building is set at $113 million. The building, which was built in the early 1980s, consists of 52 strata units and boasts a 100m frontage along Shaw Road. It sits on a total land area of 49,308 sq ft and has a gross floor area of approximately 137,341 sq ft.

Under the URA Master Plan 2019, the building is zoned “Business 1” with a gross plot ratio of 2.5. According to JLL, more than 80% of the owners have given their consent for the collective sale at the minimum price of $113 million. At the existing gross plot ratio of 2.79, this price translates to a unit land rate of around $823 psf per plot ratio.

JLL also highlights that subject to URA approval, the site could potentially be converted into a food factory. The National Environment Agency (NEA) has confirmed that the site meets the buffer requirements for redevelopment into a multi-user factory, while the Singapore Food Agency has informed URA of their in-principle non-objection to the proposed food factory.

Alternatively, JLL notes that the freehold asset could also present an investment opportunity for family offices seeking long-term growth, as well as owner-occupiers looking to establish a corporate presence. Nicholas Ng, senior director of capital markets at JLL Singapore, believes the site would also appeal to developers, as there is no additional buyer’s stamp duty, which can impact project timelines.

The property enjoys excellent connectivity, with major expressways such as the PIE, CTE, and KPE nearby. It is also a short walk from Tai Seng MRT Station on the Circle Line. The building is situated in the Tai Seng Industrial estate, surrounded by food factories including Breadtalk IHQ, Sakae Building, and Food Empire Building. Nearby amenities include Grantral Mall @ Macpherson and 18 Tai Seng.

In November 2023, Noel Building, a freehold Business 1 industrial building at 50 Playfair Road, was sold en bloc for $81.18 million, which was 17% above its $70 million guide price. Ng believes this transaction demonstrates the “fervent demand” for such assets in the area. He expects a similarly competitive response for Ching Shine Industrial Building.

The tender for Ching Shine Industrial Building closes on April 3 at 3pm.…

City Developments Limited (CDL) has responded to its call for a trading halt earlier this morning, stating that the halt was due to a disagreement within the board regarding its composition and constitution.

Renowned for its robust economy, political stability, and exceptional living standards, Singapore has emerged as a preferred destination for condo ownership, attracting both local and foreign investors. With a diverse range of properties available, the country’s real estate market is renowned for its condominiums, which are highly coveted for their strategic location, luxurious amenities, and potential for profitable returns. For individuals considering investing in a condo in Singapore, there are numerous advantages to consider, as well as crucial factors to keep in mind throughout the process.

CDL stated in a statement issued on Feb 26, that despite the temporary suspension, its business operations are fully functional and unaffected. Sherman Kwek will continue as the group CEO “until there is a board resolution to change company leadership”.

The company also mentioned that as the matter is currently under review, it will make further announcements in accordance with the Singapore Exchange (SGX) listing rules if there are any material developments.

In a later statement, Sherman Kwek expressed disappointment in the extreme actions taken by the chairman and a minority of the board in regards to the disagreement about the size and composition of the CDL board. He reiterated that their focus was to improve governance and the decision-making process as a board.

CDL’s trading suspension today was due to this issue being brought before the courts, despite the majority of the board not authorizing this legal action. Sherman Kwek clarified that the issue was not about removing the chairman and that their goal was to ensure the highest standards of governance that CDL is known for.

As the matter is now before the courts, CDL will not comment on the case and will make further announcements if there are any significant developments. The company had announced its FY2024 results on Feb 26, before the market opened, and later cancelled its 10am results briefing. Shares in CDL last traded at $5.12.…

PropNex, the largest real estate agency in Singapore, has announced a decline in earnings for its 2HFY2024 which ended on December 31, 2024. The company’s earnings reached $21.9 million, a decrease of 14.9% compared to the previous year. This brings the total earnings for the year to $40.9 million, a decrease of 14.4% from the preceding FY2023.

The decline in earnings is attributed to the “relatively subdued property market”, which led to a 6.6% drop in revenue for FY2024 compared to FY2023. However, despite this, PropNex plans to celebrate its 25th anniversary by paying a special dividend of 2.5 cents per share, in addition to a final dividend of 3 cents. This will bring the total dividend payout for FY2024 to a record of 7.75 cents, with a payout ratio of 140.1% and a yield of 8.2%.

Although the company’s earnings were lower for the year, there was a pick up in activities in the last quarter of 2024, driven by a surge in sales of new private home units, which PropNex played a significant role in. The company expects to see the financial impact of these sales in its current 1HFY2025 numbers, which suggests a significant improvement in the company’s performance.

PropNex remains optimistic about its future performance, considering the favourable property market outlook in 2025 and the estimated launch of 13,000 new units (including ECs), which is almost double the supply in 2024. The private resale market is also expected to remain active, with transaction volumes projected to range between 14,000 and 15,000 units. The company attributes this demand to the price gap between new and non-landed resale properties, the demand for larger, move-in-ready homes, and the impact of fewer new supply completions.

In addition to the private market, HDB resale market is also expected to see a price growth of 5% to 7%, with estimated volumes of 29,000 to 30,000 units. PropNex predicts that this segment will continue to be supported by the decreasing number of five-year minimum occupation period flats entering the market, as well as the demand from urgent homebuyers, unsuccessful Build-To-Order applicants, and budget-conscious families.

When it comes to investing in a condominium, securing proper financing is crucial. Singapore provides a variety of mortgage choices, however it is imperative to be well-informed about the Total Debt Servicing Ratio (TDSR) framework. This framework puts a cap on the amount of loan a borrower can acquire, depending on their income and current debt obligations. To avoid overextending oneself, it is essential to comprehend TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, incorporating Singapore Projects into the overall financial plan can aid investors in making informed decisions about their financing options.

According to PropNex, projects such as The Orie, Bagnall Haus, Parktown Residence, and ELTA have generated strong interest in the market. The company expects a positive demand for developers’ sales in 2025, with an attractive line-up of projects. Moreover, a positive economic outlook and lower mortgage rates could further boost market confidence, providing opportunities for both homebuyers and investors.…

A 999-year leasehold shophouse located at 209 Jalan Besar has been put on the market for sale by private treaty. The shophouse, which boasts two storeys and an attic, is being marketed by Gracelynn Zhu of PropNex Shophouse Elites for “below $20 million”.

With a total area of approximately 5,502 square feet, the shophouse is designated for commercial use and comes with a first-floor approval for a restaurant, as well as a portion of the second floor. Based on its $20 million price tag, the property’s per square foot price is approximately $3,635.

Situated in the Desker Road Conservation Area in District 8, the property is in close proximity to Little India and is within walking distance to the Jalan Besar MRT Station on the Downtown Line. According to a map from EdgeProp LandLens, the location of the shophouse can be easily identified.

Condos continue to be in high demand in Singapore, largely due to the limited amount of land available for development. Singapore, being a small island with a rapidly growing population, faces the challenge of finding space for new developments. To address this issue, the government has implemented strict land use policies, making the real estate market highly competitive and prices skyrocket. This has turned investing in real estate, specifically condos, into a profitable venture, with the potential for significant capital growth over time. Condos prove to be a lucrative opportunity in Singapore’s competitive real estate market.

Furthermore, Zhu has announced that the shophouse is currently undergoing asset enhancement initiatives (AEI), including the installation of micro piles that extend up to 30 meters in order to enhance the property’s structural foundations. It is expected that the AEI will be completed by the end of this year.

Interested buyers have the opportunity to acquire a piece of this valuable property that is located in a historically significant area with a rich cultural heritage. With a high potential for appreciation and a convenient location, this shophouse at 209 Jalan Besar is a valuable investment opportunity.…

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The Asia Pacific (Apac) hotel industry is expected to see continued strong investment activity in 2025, based on the latest findings from a CBRE survey. According to the consultancy’s 2025 Asia Pacific Hotel Investor Intentions Survey, over 72% of hotel investors surveyed in November and December last year have plans to acquire more hotel assets this year.

Around 45% of respondents indicated their intent to increase their purchasing volume by more than 10% in 2025. Steve Carroll, head of hotels, capital markets, Asia Pacific, CBRE, explains, “Following a strong performance over the past 18 months, investors have optimistic pricing expectations for hotel and living assets in Apac in 2025.”

The survey found that the rebound in tourist arrivals, particularly in countries like Japan, Singapore, and Australia, has boosted investor confidence. “The rise in international arrivals from key markets has led to an increase in Apac hotel room rates, ensuring steady income growth for hotel operators from last year,” adds Carroll.

Furthermore, investors are encouraged by the limited hotel supply in Apac. Citing data from hospitality data intelligence group STR, CBRE notes that the hotel supply pipeline in Apac is expected to grow at a CAGR of 2.2% between 2024 and 2028, significantly lower than the 5% CAGR recorded between 2013 and 2023.

The breakdown of investment intentions by investor type revealed that Real Estate Investment Trusts (REITs) had the highest net buying intentions at 22%. This marks a significant contrast from last year’s survey, which recorded a -13% net investment intention for REITs. “After several years of negative net investment intentions, REITs have indicated their plans to acquire assets in 2025,” the report states.

Institutional investors followed closely with a net buying intention of 12%, followed by property funds at 10%. CBRE notes that private equity and real estate funds for hotels have become more active in 2024 and this trend is expected to continue this year.

However, private investors and high-net-worth individuals are anticipated to have fewer hotel acquisitions this year. “After being the most active buyer type in the region for two years, private investors have stated their intention to sell more assets in 2025, taking advantage of the improving market sentiment after acquiring assets during a period of price dislocation,” the report adds.

Investors are targeting upscale and upper midscale assets for investment in 2025, according to survey respondents. CBRE notes that in certain markets, assets have been reevaluated to a point where investors believe they can achieve value-add returns by acquiring properties with core risk profiles.

As a result, the upscale and upper midscale hotel categories were voted as the most attractive asset types for investment this year, overtaking the upper upscale category, which was the top category in last year’s survey.

The report explains this shift by the flexibility and potential for value-added opportunities offered by the upscale and upper midscale segment. This includes the redevelopment, adaptive reuse, and rebranding of existing properties, which are less expensive alternatives to new developments.

Assessing the potential rental yield is a crucial aspect to consider when investing in a condo. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can differ significantly, depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of a condo’s rental potential, it is essential to conduct thorough market research and seek advice from real estate experts. By doing so, investors can make informed decisions about their condo investment.

This segment also has a relatively lean labor pool compared to higher-tier assets, reducing labor and cost pressures. Amid this shift, investors are also turning to long-stay or hybrid hospitality models. CBRE cites investors’ growing interest in converting assets into co-living spaces as an example. This trend is expected to gain traction in places like Japan, Hong Kong, and Singapore, where there is demand for affordable accommodation in markets with rigid rental policies.

Other emerging trends include a preference among investors for assets with vacant possession at the time of acquisition, allowing for flexibility in terms of operator selection and refurbishment works. Limited-service hotels have also seen increased interest from respondents, as investors continue to focus on minimizing operational costs.

Tokyo remains the top choice among hotel investors, supported by low interest rates and stable income streams generated by hotel properties. Osaka also ranks among the top five cities for similar reasons. Singapore and Sydney also ranked high, attributed to strong hotel fundamentals such as growth in daily rates and underlying operating profits. Seoul also stands out due to an increase in visitors from mainland China, leading to a rise in daily rates and higher investor activity in recent months.…

ETC and OrangeTee Group have recently announced their merger to form a new holding company, according to a joint press release on Feb 24.

When contemplating an investment in a Singapore Condo, it is crucial to also evaluate its potential rental yield. This refers to the amount of annual rental income as a percentage of the property’s purchase price. It is worth noting that in Singapore, the rental yield for condos can vary significantly based on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer better rental yields. Therefore, conducting thorough market research and seeking advice from real estate agents can provide valuable insights into the rental potential of a specific condo.

Desmond Sim, CEO of ETC, says that the merger is not an acquisition but a collaboration of two leading companies. Sim will continue to serve as CEO of ETC and also take on the role of group CEO in the new entity. Justin Quek, current CEO of OrangeTee & Tie, will become the deputy group CEO.

After the merger, ETC will focus on consultancy and advisory services while OrangeTee will concentrate on proptech and its real estate agency business. Supported by a network of 2,803 registered salespersons with the Council for Estate Agencies (CEA), OrangeTee aims to expand its business.

The combined entity will have over 520 employees alongside the 2,803 salespersons. Sim believes that combining resources and expertise will drive significant growth and create value for stakeholders in the ever-changing real estate landscape.

This merger is a continuation of the August 2017 joint venture between the former Edmund Tie and OrangeTee, which resulted in the third-largest real estate agency in Singapore with over 4,000 agents. The former Edmund Tie acquired 20% stake in OrangeTee & Tie following the venture.

Triplestar Holdings and TH Investments, companies related to Tat Hong Holdings’ family, have acquired a majority stake in ETC after a management buyout in 2016. As some of the original shareholders retired, Triplestar and TH Investments bought back their shares, resulting in their current 100% ownership of ETC.

This year marks ETC’s 30th anniversary, and Sim believes that the merger is a significant milestone for the company. In addition, ETC has been rebranded as just “ETC” last year.

OrangeTee Group, founded in 2000, will celebrate its 25th anniversary this year. The investment holding company is led by a board of directors and supported by senior executives, including Quek, Marcus Oh, Teo Yak Huat, and Christine Sun.

With a strengthened team in both brokerage and consultancy services and advanced proptech capabilities, Quek believes that OrangeTee and Tie will be able to provide innovative solutions to its clients across all real estate sectors.

Among the stakeholders of OrangeTee Group are Tokyu Livable Inc., a subsidiary of Tokyu Fudosan Holdings and a major real estate agency in Japan, which took a 22.5% stake in the company in 2014. Private property fund Vogue Capital Group also holds a stake in OrangeTee Group.

ETC has been expanding its presence in Southeast Asia, with an office in Johor Bahru that was opened last year through its joint venture with Nawawi Tie in Malaysia. The company also has a presence in Penang and Thailand through its associate companies. Sim believes that the merger will create more opportunities for growth in the ASEAN region and Japan, especially through their partnership with Tokyu Livable.…

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Investing in a condo has many advantages, including the opportunity to leverage its value for more investments. By using their condos as security, numerous investors are able to secure additional funding for new investments, expanding their real estate portfolio. While this tactic can potentially increase profits, there are also risks involved. It is essential to have a solid financial plan and to carefully consider the potential effects of market fluctuations. Additionally, keeping an eye on new condo launches can be beneficial for condo investors looking to grow their portfolio.

The joint developers UOL Group and CapitaLand Development (CLD) have recently announced that the launch of ParkTown Residence in Tampines North was a huge success, with a total of 1,041 units sold during the launch weekend, which accounts for over 87% of the total 1,193 units available.

The project general manager of residential marketing, Anson Lim from UOL, has stated that the development has achieved an impressive average price of $2,360 per square foot (psf). The majority of buyers were either Singaporean homebuyers or investors.

The popular project has a total of 994 units, with two-bedroom and three-bedroom apartments making up 83% of the development. These unit types were the most sought after, with 92% of them sold during the launch weekend.

According to a spokesperson from UOL and CLD, the unique selling point of ParkTown Residence is its integration with a retail mall, a future MRT station, a bus interchange, a green boulevard, a community club and a hawker centre. This fully integrated residential and lifestyle development has attracted many buyers.

The project has already collected 2,367 cheques before its launch weekend, translating to a sales conversion rate of 44%, which is significantly higher than the average of 30% to 35% for most new project launches in recent years.

Mark Yip, CEO of Huttons Asia, has stated that no other mega project has sold more than 1,000 units in its launch weekend since the launch of the 1,399-unit High Park Residences, which sold 1,100 units over three days in July 2015.

The newly launched ParkTown Residence at Tampines 62 boasts an impressive location, being the first mixed-use development integrated with a transport hub at Tampines (Source: EdgeProp Landlens)

ParkTown Residence has also overtaken the previous record held by the 846-unit Emerald of Katong, which sold 835 units (99%) last November, notes Ismail Gafoor, CEO of PropNex.n”The take-up at ParkTown Residence has also surpassed that of previous integrated developments,” he adds.

The most recent integrated project launch was the 732-unit The Reserve Residences, launched in May 2023 and recorded a 71% take-up rate during its launch weekend. As of Feb 23, the project is now 98.2% sold at an average price of $2,484 psf, based on caveats lodged.

Marcus Chu, CEO of ERA Singapore, has mentioned that mixed-use developments integrated with transport hubs are popular with homebuyers and investors due to their potential for capital upside and high rentability.

Read also: Sim Lian to preview Aurelle of Tampines on Feb 22 at prices starting from $1,651 psf

The last two fully integrated developments completed were the 920-unit North Park Residences in Yishun (launched in 2015) and the 680-unit Sengkang Grand (launched in 2019) at Buangkok. North Park Residence commands an average price of $1,809 psf, which is 65% higher than the average resale prices of residential units in District 27. Meanwhile, Sengkang Grand boasts an average price of $2,029 psf, which is 25% higher than the average resale prices in District 19, notes ERA’s Chu.

ParkTown Residence is located at Tampines Street 62, which is the third largest HDB town in Singapore after Hougang and Woodlands. Huttons’ Yip has mentioned that many of the buyers were HDB upgraders who wanted to live in Tampines.

The completion of ParkTown Residence in 2030 coincides with the scheduled opening of the Tampines North MRT Station on the Cross Island Line (CRL), which is a major arterial line running from East to West of Singapore, says Ken Low, managing partner of SRI. 2030 is also the scheduled time of the planned relocation of the neighbouring Paya Lebar Airbase, freeing up approximately 800ha of land for future developments.

Under the URA Master Plan, three more government land sales (GLS) sites will be linked to the upcoming Tampines North MRT Station. However, these new projects are expected to be launched at higher prices, according to Low.

Tampines will also see new infrastructure developments by 2027, including a cycling bridge, an underpass, and another 7.7km of cycling paths, bringing the total to 40km. There will also be a new pedestrian route between Tampines MRT Station and the malls in the regional centre. Announced on Feb 22, these additions are part of the Tampines Town Council’s five-year masterplan for 2025 to 2030.

Read also: PARKTOWN Residence: Upscale living with seamless connectivity and exceptional convenience

“All these enhancements will make living in Tampines even more desirable, as it already boasts many attractive features,” says SRI’s Low. Check out the latest listings for Parktown Residence properties on Ask Buddy.…

MCL Land, CSC Land Group sell 65% of Elta units at average price of $2,537 psfThe sale of 326 out of the 501 units at Elta, a joint venture between MCL Land and CSC Land Group at Clementi Avenue 1, has attracted much attention. This translates to about 65% of sales at an average price of $2,537 psf.On top of that, 90% of the buyers are Singaporeans while the remaining 10% are permanent residents. Notably, districts 19, 5 and 23 brought in the highest number of buyers. District 19 primarily covers Hougang, Serangoon, Sengkang, Punggol and the northeast region while district 5 consists of Buona Vista, Clementi, Dover and Pasir Panjang. Finally, district 23 covers Bukit Batok, Bukit Panjang, Choa Chu Kang, Hillview and Dairy Farm.Most notably, the two-bedroom units were the most sought after among buyers with 98% of the 179 units sold at prices from $1.388 million ($2,261 psf). Meanwhile, 81% of the three-bedroom units were also taken up at prices from $2.198 million. Additionally, the one-bedroom plus study units proved to be popular, with 78% of them being sold at prices starting from $1.158 million.Get the Latest Details on Available Units and Prices for ELTAShifting focus to the buyers, over 60% of the units sold were one- and two-bedroom types transacted at prices below $2.2 million. This information was shared by Ismail Gafoor, CEO of PropNex. “The robust sales underscore buyers’ confidence in a development that seamlessly blends modern living with convenience and comfort.” MCL Land CEO, Lee Tong Voon added that “The strong sales demonstrate buyers’ trust in a project that combines contemporary living with ease and comfort.” It is important to note that MCL Land is the development arm of Hongkong Land located in Singapore.However, Elta is not the only project available in Clementi Avenue 1. The other two projects were The Clement Canopy with 505 units and Clavon with 640 units. Like Elta, these were jointly developed by UOL Group and Singapore Land Group. However, there are no available plots for further development in the Clementi town centre according to Ken Low, managing partner of SRI.Inspecting the track record of projects at Clementi Avenue 1, two-bedroom units were being leased at $4,200 to $4,700 per month or $5.60 psf to $6.42 psf per month in January and February. This information is gathered from data provided by EdgeProp Landlens and URA Realis. The latest rental transaction at Clavon was for a 764 sq ft, two-bedroom unit that went for $4,600 or $6.02 psf per month (source: EdgeProp Landlens). For more information, you can browse new landed propertyThis project’s location is right in the educational belt with schools such as Nan Hua High School, NUS High School of Mathematics and Science, and Anglo-Chinese School (Independent). Aside from that, tertiary institutions such as NUS, Singapore Polytechnic and United World College of South East Asia (Dover Campus) are also located nearby.Looking at the advantages, Marcus Chu, CEO of ERA Singapore believes that Elta has benefited greatly from the healthy pool of HDB upgraders located in Clementi and Queenstown. Furthermore, over 2,500 HDB units have reached their Minimum Occupation Period (MOP) this year with an additional 1,100 units set to do so. Chu added that “The development is also well-connected to several nature parks, including Clementi Woods Park, West Coast Park, and Kent Ridge Park, offering residents easy access to green spaces.”It is clear that this project has a lot of advantages that have made it a popular project among investors. This is evident in the 60% of units that are one- and two-bedroom types that were sold to investors. Additionally, Singaporeans made up 90% of the buyers while the remaining 10% were permanent residents. If you are looking for a project that is well-connected and convenient, then Elta may be a good option for you.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. Condos, strategically situated in prestigious locations, offer an irresistible combination of opulence and functionality that attracts both locals and foreigners. These modern residences boast a plethora of facilities, including swimming pools, fitness centers, and round-the-clock security services, elevating the standard of living for its residents and making them a desirable choice for tenants and homeowners alike. For investors, these added benefits contribute to higher rental returns and appreciation of the property’s value in the long run. With sites like Condo offering a comprehensive list of options, finding the perfect place to call home in Singapore has never been easier.…