Condo Russian Remote

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One of the main factors driving the popularity of condos in Singapore is the limited supply of land. Being a small island country with a continuously increasing population, Singapore is facing a shortage of land for development. As a result, the government has implemented strict land use policies and the real estate market has become highly competitive, leading to a steady rise in property prices. Therefore, investing in real estate, especially condos, has become a profitable venture, with the potential for significant capital appreciation. This trend is further reinforced by the availability of attractive Singapore Projects.

The property market in the Asia Pacific (Apac) region continues to surpass its global counterparts, with Savills Research reporting that real GDP growth has exceeded that of the US and Europe. In its global outlook report for 2025, released on November 28, Savills Research notes that there is more stability and confidence in the economic outlook, which will lead to increased investment and activity.

According to Paul Tostevin, head of world research at Savills, this is the first time in five years that there is a sense of stability, which will boost investment and activity in the property market. In the first three quarters of 2024, Apac saw a 4% year-on-year increase in investment volumes, reaching US$108.7 billion. Singapore, South Korea, and Australia saw the most significant growth in investment volumes during this period, with 74%, 71%, and 63% respectively.

Savills Research forecasts a 27% increase in global real estate investment turnover to US$952 billion by 2025. Furthermore, global investment activity is expected to surpass the US$1 trillion mark for the first time since 2022. The research firm also predicts that global investments will return to pre-pandemic levels by 2026, driven by stabilizing interest rates and improved investor confidence.

Savills believes that Singapore’s property market will follow this global trend. Alan Cheong, executive director of research & consultancy at Savills Singapore, notes that the country’s real estate market is expected to mirror the global narrative.

Savills adds that Apac is poised for a full investment recovery in 2025, driven by key sectors such as tourism, living, and industrial, specifically logistics and data centers. According to Simon Smith, regional head of research & consultancy for Apac at Savills, the region’s long-term structural trends and global themes will determine the winners and losers in the property market.

The office sector remains attractive in Apac, commanding 37% of the total regional real estate investment in the first three quarters of 2024 – significantly higher than the global average of 23%. Singapore, China, South Korea, and Japan are the top cities in the region for office utilization, with occupancy rates exceeding 90%. Apac also leads in green-certified office spaces, as office occupiers place more emphasis on environmental, social, and governance (ESG) matters.

Cheong notes that in Singapore, office tenants are giving more weightage to the green agenda. Additionally, there has been a slight recovery in activity levels, with more leases being concluded. Prime retail developments continue to see healthy demand, keeping rental levels stable. In the industrial sector, demand remains strong in key sectors such as logistics, advanced manufacturing, healthcare, and data centers, which will help stabilize rental rates and capital values in the long term.

According to Cheong, Singapore is witnessing an increase in data centers, driven by the adoption of artificial intelligence (AI). This has led to more data center service providers using Singapore as a base to search for suitable sites to build infrastructure.

Tostevin adds that as global investment and activity return to sustainable growth, the property industry must adapt to changes in legislative landscapes and geopolitical dynamics. The industry must also prioritize sustainable and socially responsible development to meet the evolving needs of the world.

In conclusion, Apac is expected to remain a top destination for property investment, driven by its strong economic growth and key sectors such as tourism, living, and industrial. Singapore, with its strategic location and stable market, is poised to continue attracting investments in the coming years. The industry must also focus on sustainable and socially responsible development to ensure long-term success.…

The latest listing for Hill House, The Continuum and Lavender Residence (Photo: EdgeProp Singapore)

When it comes to investing in a condominium, securing financing is a critical consideration. In Singapore, prospective buyers have a range of mortgage options to choose from. However, it is essential to have a comprehensive understanding of the Total Debt Servicing Ratio (TDSR) framework, which dictates the maximum loan amount that a borrower can take on based on their income and existing debt obligations. To successfully navigate this process, seeking guidance from financial advisors or mortgage brokers can offer valuable insights and prevent individuals from becoming over-extended financially. Moreover, staying updated on new condo launches in Singapore, such as New Condo Launches, can aid investors in making informed decisions about their financing choices.

Hill House, a boutique development, has set a new record psf-price high during the period between November 10 to 21, according to EdgeProp. The new record of $3,267 psf came from the sale of a 452 sq ft, two-bedroom unit on the fifth floor. The sale was made by the developer on November 11 for $1.48 million. This is just 0.1% higher than the previous record of $3,263 psf set in November 2023.

The development, located at the top of Institution Hill in prime District 9, has 72 units and was launched in 2022. It has seen 11 transactions this year with an average price of $3,098 psf, which is 0.9% lower than the average price of $3,127 psf last year. Construction for Hill House is still ongoing and is expected to be completed in the third quarter of 2026.

The Continuum, a freehold condo on Thiam Siew Avenue in District 15, came in second on the list with a new psf-price high of $3,084 psf. The sale was made for a 721 sq ft, two-bedroom unit on the 17th floor for $2.22 million on November 16. This is only 0.4% higher than the previous record of $3,071 psf, which was set a day before on November 25.

The Continuum, which launched in May 2023, has 816 units across six residential towers and is expected to be completed by 2026. 59.8% of the units have been sold at an average price of $2,779 psf. This is based on caveats lodged since the launch of the condo.

Meanwhile, freehold boutique development Lavender Residence set a new psf-price low of $1,626 psf during the period in review. The sale was made for a 990 sq ft, one-bedroom + studio unit on the second floor for $1.61 million on November 17. This is compared to the previous record of $1,710 psf, which was set in June 2023 when a 1,335 sq ft, four-bedroom unit was sold for $2.28 million. The development has been fully sold at an average price of $1,984 psf.

Lavender Residence, located at the intersection of Lavender Street and Kempas Road in Boon Keng, District 12, features 17 units and sits on a site with three two-storey conservation shophouses built in the 1940s. Units range from studios to three-bedroom units with dual-key variants from 463 sq ft to 1,550 sq ft. It is walking distance from Bendemeer MRT Station.

Overall, Hill House, The Continuum, and Lavender Residence have seen strong transactions and prices in the past few months. With their prime locations and attractive features, these developments are expected to continue to attract buyers and investors.…

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Investing in a condo in Singapore is rapidly gaining popularity among both local and foreign investors. The city-state’s strong economy, stable political climate, and excellent quality of life make it an attractive choice. With numerous opportunities available in Singapore’s real estate market, condos are a standout option due to their convenience, amenities, and potential for high returns. In fact, with the recent new condo launches, the demand for condos in Singapore is only increasing. In this article, we will discuss the advantages of investing in a condo in Singapore, important considerations to keep in mind, and the necessary steps to take.

The Singapore government recently announced a one-off property tax rebate for owner-occupied homes in 2025. This includes a 20% rebate for HDB flats and a 15% rebate for private residential properties. However, the rebate for private homeowners will be capped at $1,000.

Property tax is calculated based on a property’s annual value, which is the estimated rent a property can generate in a year if it were to be rented out. The government has decided to raise all annual value bands of owner-occupier’s residential property tax rates on January 1, 2024 as part of Budget 2024.

This move will result in lower property taxes for over 90% of owner-occupied properties, supporting the government’s efforts to ease the cost of living for Singaporeans. According to Lee Sze Teck, senior director of data analytics at Huttons Asia, the annual value of private properties is likely to remain flat due to minimal growth in private residential rents this year. However, HDB rents are expected to increase by 4%, leading to a slight increase in the annual value of HDB flats.

The one-off property tax rebate aims to help HDB owners cushion any impact from the increase in annual value. For instance, a HDB flat with an annual value of $30,000 will have a property tax payable of $720 in 2025. With the rebate, the owner will only need to pay $576, resulting in savings of $144.

Private residential owners may also benefit from the one-off rebate. For example, a property with an annual value of $85,000 will have a property tax payable of $5,760. With the 15% rebate, capped at $1,000, the owner will only pay $4,896, saving $864.

While property tax rebates have been offered before, they do not reduce the appeal of investing in residential properties in Singapore. The potential for capital appreciation far outweighs the increase in property tax, making residential properties a attractive investment option.…

With the aim of making property investment education and opportunities accessible to everyone, Ng is dedicated to expanding Aurico’s reach and portfolio in the coming years.

Over the course of just two years, Jason Ng has built his property investment and training firm, Aurico Global, from the ground up to reach a remarkable milestone of $52 million in assets under management. As the CEO and executive chairman of Aurico, Ng has had a successful career in real estate, with his interest in property investment dating back to 1993.

Growing up in a small rental flat with six family members, Ng was motivated to provide for his family and sought out a well-paying job. With his hard-earned capital, he made his first property investment – a 1,400 sq ft three-bedroom apartment for $435,000. Looking back, Ng acknowledges that it was a great deal, as similar-sized properties are now priced much higher.

As Ng’s real estate portfolio grew, he also ventured into student enrichment and parenting training. He is now recognized as a family life educator and has been working with the Ministry of Education and Ministry of Social and Family Development for over 15 years. However, it wasn’t until January 2023 when Ng and his wife, Emelyn Ho, co-founded Aurico to consolidate their various businesses, including JC Global Developments, Anchor of Life Training Consultants, and My Preschool Hub.

Aurico’s property portfolio is diverse, covering residential, commercial, and industrial assets. One of their biggest ventures is a co-living concept called Communa, managed by JC Global Developments. They currently have 380 units spread across shophouses, condos, and landed properties, with a total value of over $30 million. Together with other shareholders, Ng plans to acquire even more properties and expand their portfolio to 600 units by the end of the year.

Investing in a condo in Singapore offers a multitude of benefits, with one of the main advantages being the potential for capital appreciation. Thanks to its strategic positioning as a global business hub and robust economic foundation, Singapore has a consistent demand for real estate. Throughout the years, the property market in Singapore has demonstrated a steady and upward trajectory, with condos in prime locations experiencing substantial appreciation. By entering the market at an opportune time and holding onto their property for the long term, investors can reap the rewards of significant capital gains. Take advantage of this opportunity by investing in a condominium in Singapore today.

Aurico’s strategy is to acquire valuable properties in sought-after areas at a below-market valuation. In September, they bought a two-storey shophouse on 321 Joo Chiat Road for $5.1 million, which was 12% below its valuation price of $5.8 million. This approach has been successful due to their strong property investment team and Ng’s sharp investment acumen.

The company also has their sights set on commercial properties in strategic locations that are undergoing rapid transformation. In July, they purchased a 560 sq ft commercial strata office in the 99-year leasehold development Woods Square in Woodlands. Ng explains that this investment allows them to be at the forefront of the changes happening in Woodlands, including the upcoming Johor Bahru-Singapore Rapid Transit System. Having an office in this area also improves operational efficiency, as they can easily hire workers from across the border.

In line with the government’s goal to produce 30% of the country’s nutritional needs by 2030, Aurico has also acquired food factory assets. Although they have no plans to enter the F&B business directly, Ng believes that these properties are strategic investments that enhance their portfolio. One of their properties is Food Xchange @ Admiralty, a strata-titled food facility located in the established food cluster on Admiralty Road West and with a long lease balance of 36 years. According to Ng, this property stood out due to its proximity to Johor, providing added advantages for food manufacturing businesses, such as easy access to manpower.

In May, Aurico acquired a 29.8% controlling stake in Autagco Ltd, a publicly listed company. Ng has appointed Patrick Loke as the executive director of Autagco and has plans to inject their assets into the company. In October, Autagco announced its intention to enter the residential assisted living sector, with Ng’s vision to cater to the ageing population in Singapore.

With their reputation for providing comprehensive and high-quality property investment education, Aurico is dedicated to training the next generation of property developers. Ng believes that investment education is essential but inaccessible to many, and aims to change this by making residential and commercial property investment accessible to all. They offer intensive courses and support participants in leveraging the firm’s network and strategies to enhance their portfolio. Ng is particularly passionate about helping millennials and Gen Z investors, who often feel that they can’t invest in property due to their lack of wealth. With their comprehensive curriculum and hands-on support, Aurico is determined to empower individuals to achieve their financial goals through real estate. And with Ng’s dedication to expanding the firm’s reach and portfolio, the future looks bright for Aurico Global.…

During the week of November 12 to 19, the sale of a three-bedroom unit at Maple Woods stood out as the most profitable condo resale transaction. The 1,539 sq ft unit, located on the first floor, was sold for a whopping $3.3 million, equating to $2,144 psf. The transaction took place on November 15, with the seller having purchased the unit back in April 2009 for $1.28 million, at a rate of $830 psf. This resulted in a profit of $2.02 million, reflecting a capital gain of 158% for the seller, or an annualized profit of 10.6% over a holding period of approximately 15 and a half years.

Situated in prime District 10 on Bukit Timah Road, Maple Woods is a freehold condominium that was built in 1997. It comprises 697 residences, ranging from two to four bedrooms and spanning from 850 sq ft to 3,003 sq ft. Conveniently located within a five-minute walk to King Albert Park MRT Station on the Downtown Line, Maple Woods is also in close proximity to Methodist Girls’ School and the Rail Corridor.

Notably, there were 10 other resale transactions at Maple Woods this year, and all of them were profitable deals with the sellers making gains of at least $425,000. Three of the units sold even made profits of over $2 million. The first was a 1,787 sq ft three-bedroom unit on the eighth floor, which was sold for $3.75 million ($2,099 psf), resulting in a profit of $2.15 million for the seller. They had initially purchased the unit in July 1997 for $1.6 million ($895 psf).

The second unit was a 1,787 sq ft three-bedroom unit that was sold for $3.82 million ($2,138 psf) on September 10. The seller, who had bought the unit in March 2007 for $1.35 million ($756 psf), made a substantial profit of $2.47 million. Meanwhile, the third unit, a 3,003 sq ft four-bedroom unit on the eighth floor, was sold on the same day, for $5 million ($1,665 psf). The seller, who had initially bought the unit in September 1998 for $2.4 million ($798 psf), gained $2.6 million from the sale.

Ranking second in terms of profitability for condo resale deals during the week, UE Square saw a three-bedroom unit measuring 1,528 sq ft on the seventh floor being sold for $2.95 million ($1,930 psf) on November 14. The seller had acquired the unit through a sub-sale in December 1997 for $1.3 million ($850 psf), resulting in a gain of $1.65 million, or 127%, after owning the unit for nearly 27 years.

In fact, this deal is currently the fourth most profitable resale transaction at UE Square. The record belongs to a four-bedroom penthouse spanning 3,089 sq ft, which was sold for $6.27 million ($2,031 psf) on October 6, 2023. The seller had initially bought the unit for $4.1 million ($1,327 psf) in December 2009, netting a profit of $2.17 million.

Located along Clemenceau Avenue in District 9, UE Square is part of UE BizHub City, a mixed-use development that comprises an 18-storey office building, a four-storey shopping podium, and two 18-storey residential blocks, housing a total of 345 units. The development is conveniently located near Clarke Quay and comprises one- to five-bedroom units spanning from 506 sq ft to 2,379 sq ft, as well as penthouses spanning 3,089 sq ft. It is also close to the Fort Canning MRT Station on the Downtown Line.

On the other end of the spectrum, the most unprofitable condo resale transaction during the week was at Tomlinson Heights, where a 2,745 sq ft unit on the 19th floor was sold for $8.25 million ($3,006 psf) on November 19. The seller had bought the unit from the developer in February 2011 for $8.85 million ($3,225 psf), incurring a loss of approximately $601,000 (6.8%) after owning the unit for almost 14 years.

When contemplating a condominium investment, it is crucial to evaluate the potential rental yield. This is measured as the annual rental income as a percentage of the property’s purchase price. In , the rental yields for condos in Singapore can fluctuate significantly based on factors such as location, property condition, and market demand. Typically, areas with a high demand for rentals, such as those near business districts or educational institutions, offer more attractive rental yields. In order to assess the rental potential of a specific condo, it is beneficial to conduct thorough market research and seek guidance from real estate agents. Adding Condo to the rewritten paragraph not only emphasizes the type of investment being discussed, but also creates a hyperlink for further information.

Situated on Orchard Boulevard, Tomlinson Heights is a luxury condo that comprises a 36-storey tower and a mix of three- and five-bedroom units ranging from 2,551 sq ft to 6,738 sq ft. Completed in 2014, this freehold development is within walking distance to the malls along Orchard Road.

Interestingly, the unit sold on November 19 is the first caveated transaction at Tomlinson Heights since January 5, 2023, when another 2,745 sq ft unit was sold for $10.5 million ($3,825 psf). The seller had bought the unit from the developer in May 2011 for $8.38 million ($3,053 psf), making a gain of $2.12 million.…

Listed on the mainboard, Hong Lai Huat has recently formed a strategic term sheet with co-living operator The Assembly Place. This agreement will see The Assembly Place managing Hong Lai Huat’s real estate and property development projects in Cambodia, while also bringing the co-living concept to the country for the very first time.

Purchasing a condo in Singapore has become a highly desirable option for both national and international investors, thanks to the country’s flourishing economy, stable political climate, and exceptional standard of living. The real estate industry in Singapore offers numerous opportunities, with condominiums standing out for their convenience, amenities, and potential for profitable returns. In this article, we explore the advantages, considerations, and necessary procedures involved in investing in a condo in Singapore. Whether you are a resident of Singapore or a foreign investor, buying a condo can open up promising possibilities. Compared to other options like houses or apartments, condos offer unique benefits that make them an attractive choice for many individuals. With a wide range of facilities such as fitness centers, swimming pools, and 24-hour security, condos provide a comfortable and luxurious lifestyle. Additionally, many condos are situated in prime locations with easy access to public transportation, making it convenient for residents to commute to work or explore the city. Moreover, condo developments often include amenities like shopping malls, schools, and restaurants, providing a holistic community experience. From an investment perspective, condos in Singapore generally have a higher demand and appreciation rate, making them a lucrative option for those looking to generate passive income or diversify their investment portfolio. However, there are certain factors to take into account before diving into a condo investment. It is essential to understand the regulations and restrictions for foreigners purchasing property in Singapore. While they are not allowed to buy landed properties, they can invest in condos classified as strata-titled properties. Moreover, there may be additional taxes and fees for foreign buyers, so consulting with a local real estate expert is crucial before making a purchase. Researching the developer and the property itself is also vital. Some key factors to consider include the developer’s reputation and track record, the surrounding area, and the potential for rental income. Once these aspects are carefully evaluated, acquiring a condo in Singapore is a simple process. It involves obtaining an Option to Purchase (OTP) from the seller, paying a deposit, and signing the Sales and Purchase Agreement. Seeking the assistance of a reputable real estate agent is recommended to ensure a smooth and successful transaction. In conclusion, investing in a condo in Singapore offers various benefits, including convenience, amenities, and potential for high returns. However, it is crucial to conduct thorough research and consider all factors before making a purchase. With proper due diligence and guidance, investing in a Singapore condo can be a profitable and fulfilling decision for both local and foreign investors. Condos are a popular investment choice in Singapore and should be carefully considered by anyone looking to invest in the country’s real estate market.

In a joint statement released on November 28th, both companies have expressed their intention to finalize the key objectives within the next 60 days before entering into a binding agreement. These objectives include conducting feasibility studies for the fitting out of available units in Hong Lai Huat’s Royal Group Platinum development in Cambodia.

The partnership will also focus on marketing Hong Lai Huat’s commercial shop-house units at Royal Group Platinum, as well as leveraging The Assembly Place’s network to establish new sales channels in Singapore, Hong Kong, and Greater China’s first-tier markets for Hong Lai Huat’s completed and upcoming projects. Furthermore, the collaboration will see ongoing after-sales asset management services and the creation of jobs in local communities.

Hong Lai Huat’s website describes its development in Cambodia as a mixed residential and commercial project featuring 851 residential and 50 shophouse units. It is located just 20 minutes away from Phnom Penh International Airport, surrounded by 16 international schools and six sports facilities. The project is also in close proximity to Aeon Mall 2, which is currently the largest shopping mall in Phnom Penh.

According to Ong Jia Jing, executive director of Hong Lai Huat, the partnership has him “thrilled” as it will allow the group to provide top-tier asset management services to their investors and buyers in Cambodia, giving them the confidence they need when purchasing units in their developments.

Eugene Lim Ying Jie, CEO of The Assembly Place, also expressed his excitement about the partnership, stating that it aligns with their strategy of expanding the co-living concept both locally and internationally. He believes that combining Hong Lai Huat’s high-quality and well-designed developments with The Assembly Place’s extensive experience in the co-living sector will bring exceptional value to their purchasers.

The signing ceremony for this partnership was held at the CAMPUS by The Assembly Place on November 28th.…

CBRE has recently announced the appointment of Michael Tay as the new deputy managing director of Singapore Advisory, effective Jan 1, 2025. He will continue to report to Moray Armstrong, the managing director of the Singapore Advisory team. This new role is in addition to Tay’s current position as the head of capital markets in Singapore.

According to CBRE, Tay’s new role as deputy managing director will involve providing long-term leadership and strategic planning for the Singapore advisory business. He will closely collaborate with Armstrong to develop and implement business strategies, assess and execute investments, and drive business growth.

When it comes to investing in real estate, choosing the right location is crucial, particularly in Singapore. Condominiums located in central areas or near important amenities such as schools, shopping malls, and public transportation hubs tend to have a higher appreciation in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown a positive growth in property values. Families with young children also seek out condos in these areas due to their proximity to good schools and educational institutions, making them highly sought after and increasing their investment potential. If you’re considering investing in real estate in Singapore, it’s important to explore the various projects available, including those listed on Singapore Projects. By carefully selecting the right location, you can ensure that your investment will continue to rise in value over time.

Armstrong expresses his confidence in Tay, stating that he is one of the most experienced real estate professionals and thought leaders in the Singapore market. He highlights Tay’s 30 years of experience in the commercial real estate industry and his progression from office leasing to various leadership roles within CBRE.

Tay joined CBRE in early 2000 and has since spent almost two decades with the office services team, working with top office building owners and leading occupiers. In 2019, he took on the role of leading the Singapore capital markets team, which has played a pivotal role in many notable investment deals in the city-state. These include the sale of One George Street, 16 Collyer Quay, and VisionCrest Commercial.

Tay is grateful for the opportunity and trust placed in him by CBRE. He recognizes the company’s support in his career growth and emphasizes the knowledge and experience he has gained during his 25 years with CBRE. He also mentions that he has had the privilege of working with and learning from some of the most prominent real estate professionals in Singapore during his time with the company.…

Singapore has been ranked as the sixth-highest city in the world in terms of branding, according to the recently published Brand Finance Global City Index. The index, which is compiled by Brand Finance, a London-based consultancy firm, measures the strength and perception of a city’s brand.

This latest ranking is the result of a global survey that was conducted by Brand Finance in September, with more than 15,000 individuals from 20 countries participating. The respondents were asked to rank 100 cities based on various indicators, including their suitability for living, working, studying, visiting, retiring, and investing in.

Investing in a condo has several advantages, one of which is the potential to use the property’s value to further expand one’s investments. A large number of investors opt to use their condos as collateral in order to secure additional financing for new ventures, resulting in a larger real estate portfolio. This approach can lead to increased returns, but it is important to keep in mind the potential risks involved. It is vital to have a solid financial plan in place and carefully consider how market fluctuations may impact the overall strategy. Additionally, with the booming real estate market in Singapore, investing in projects such as Singapore Projects can further diversify and enhance one’s investment portfolio.

In addition to the rankings, the respondents were also asked to associate specific attributes with each city. The list of 45 attributes was divided into seven pillars, such as Business & Investment and Culture & Heritage.

Singapore’s strong performance in the business and investment pillar contributed to its overall ranking, placing third globally. This pillar takes into account factors such as the ease of doing business, the strength of the economy, and the level of support for start-ups. The city also scored well in terms of low crime and violence.

According to Alex Haigh, managing director for Asia Pacific at Brand Finance, Singapore stands out as the “crown jewel” of the Asean region when it comes to city branding. With its strong economic growth, appeal to investors, and top-notch infrastructure, Singapore cements its position as a leading global financial centre.

While London remained the top city brand in the world, followed by New York, Paris, Tokyo, and Dubai, Singapore’s ranking shows its status as a world-class city. With its growing recognition and stellar performance in various areas, Singapore is well on its way to becoming a top destination for people from all over the world.…

The latest Real Estate Sentiment Index (RESI) published by the National University of Singapore (NUS) has revealed a positive change in property buying sentiment in the country in 3Q2024. The survey conducted by NUS’s Department of Real Estate and Institute of Real Estate and Urban Studies (IREUS) surveyed senior executives of real estate firms to measure the general sentiment of the private real estate market. This showed an increase from 4.8 in 2Q2024 to 5.9 in 3Q2024 for the current sentiment index, while the future sentiment index also rose from 5.1 to 5.8 during the same period.

The composite sentiment index also experienced a growth to 5.9 from 4.9 in 2Q2024, indicating a positive outlook for the market. This is the first time that all three indices have gone above the neutral score of 5, indicating a growing optimism among market players.

Investing in a condo has its advantages, one of which is the potential to use the property’s value to secure further investments. With a condo as collateral, investors can obtain additional financing to expand their real estate portfolio, allowing for potentially higher returns. However, this strategy also carries risks, making it essential to have a solid financial plan in place and carefully consider market fluctuations. This is especially beneficial for those investing in Singapore Projects, as it opens up endless possibilities for growth and diversification in the real estate market.

IREUS director Professor Qian Wenlan attributes this positive sentiment to the recent US Federal Reserve rate cut in September, which was followed by another reduction in early November. With further cuts expected in the coming months, it is anticipated that credit availability and business costs will improve, leading to a boost in market sentiment.

Professor Sing Tien Foo, Provost’s Chair Professor at the NUS Department of Real Estate, also notes that the performance of the suburban residential, hotel/service apartments, and suburban retail sectors have contributed to the overall positive sentiment. These sectors recorded the highest current net balances of +35% for suburban residential and hotel/serviced apartments, and +26% for suburban retail. The future outlook for these sectors also remained positive, with suburban residential scoring +29%, and hotel/serviced apartments and suburban retail scoring +35% and +19% respectively.

However, the top risk concern among developers remains the global economic uncertainty, with 67.7% of respondents indicating a decline in the global economy as a potential risk factor. This is followed by concerns of job losses, a decline in the domestic economy, and an excess supply of new property launches, which ranked at 41.9%. Despite these concerns, the overall sentiment in Singapore’s private real estate market has turned positive, signaling a potential recovery in the near future.…

Singapore has recently been recognized as the sixth highest city in terms of branding, according to the latest Brand Finance Global City Index. The index, which is published by a London-based brand evaluation and strategy consultancy, ranks cities based on their brand power and perceptions.

The results of the index were based on a worldwide survey conducted in September, with over 15,000 individuals from 20 different countries participating. The survey asked respondents to rank 100 cities based on several key performance indicators, aiming to showcase how each city is perceived as an ideal place to live, work, study, visit, retire, and invest in.

Investing in a condo in Singapore offers numerous benefits, with one of the key advantages being the potential for capital appreciation. Singapore’s advantageous location as a global business hub, along with its robust economic fundamentals, creates a constant demand for real estate. This has resulted in a steady increase in property prices over the years, particularly for condos located in prime areas. For investors who time their entry into the market well and hold onto their properties for the long term, significant capital gains can be realized. Additionally, with the introduction of New Condo Launches, the potential for capital appreciation in the Singapore condo market is even greater.

In addition to ranking the cities, respondents were also asked to associate specific attributes with each city, choosing from a list of 45 attributes grouped under seven pillars. These pillars include Business & Investment, Culture & Heritage, and others.

Thanks to its impressive performance in the business and investment pillar, Singapore’s overall ranking was boosted and secured its position as the third-best performing city globally. This pillar assessed several factors, such as the ease of doing business, the strength of the economy, and the city’s ability to support start-up companies. Additionally, Singapore was highly praised for its low crime and violence rates.

Alex Haigh, the managing director for Asia Pacific at Brand Finance, comments that Singapore is considered the Asean region’s “crown jewel” when it comes to city branding. With its strong economic growth, appealing investment opportunities, and world-class infrastructure, Singapore solidifies its position as a premier global financial center.

Despite fierce competition, London maintained its top spot as the world’s leading city brand. This was followed by New York, Paris, Tokyo, and Dubai.…