More investors pump money into office property as reselling them could reap huge gainsIT WAS probably the most profitable “flip” in the property market. In a deal announced last week, GE Real Estate made a whopping 73 per cent profit on its initial $75-million investment, when it sold Anson House for $129.5 million, a year after purchasing it. The 13-storey building, located at Anson Road, is now...
Property Investment
Historically individuals have purchased property in their country of domicile commonly as a principle residence. In some cases, an additional residence may have been bought for use as a holiday home. Property today however has developed into a truly global market as investors identify opportunities ever further afield and the idea of buying in foreign countries has become more widely accepted. Arguments...
The strong capital growth trend in the Singapore luxury residential property market will be powerful motivation for a new generation of non-institutional Middle Eastern investors to increase their stake in Singapore, revealed the developers of the Marina Bay Financial Centre (MBFC) at the recent Cityscape Dubai exhibition. Non-landed property values in the core central area appreciated by 23.3% in the...
A new fund has been jointly set up by Pacific Star Group and HSH Real Estate – which is the real estate unit of HSH Nordbank – to invest in prime properties in Asia. It has a target fund size of 500 million euros (S$1 billion). The fund will initially target established markets, which include Singapore, Japan and South Korea. It may also tap emerging markets like China and India eventually. HSH Real...
Prices of high-end condominiums in the downtown Marina Bay area have soared beyond the reach of most Singaporeans, as buyers snapped up multi-million-dollar units in recent launches of such properties in a frenzied bid to own a stake of the area with the upcoming integrated resort (IR). With prices averaging $2,000 per square foot - and skyrocketing to record highs of $3,400 psf for the penthouses - only...
SUCH is the demand for property in the Central Business District, with its proximity to the proposed integrated resorts, that this year’s first private residential property launch might never have been open to the public if two western funds had had their way. Both the funds, whose names were not revealed, were keen to buy the tower blocks of One Shenton — a new project by City Developments Limited...
BS Capital yesterday opened the showflat for its Lumiere development off Shenton Way. BS Capital chief executive Chin Teck Chuan said yesterday that sales are likely to begin this week, but pricing has not been finalised. Prices at The Sixth Avenue Residences averaged about $1,000 per square foot (psf). Some agents who brought their clients to the showflat at Mistri Road yesterday were overheard...
There are real estate investing "tricks" and techniques that you may know, or want to know. There are new ways of doing things that are worth learning. Knowing about the latest types of financing is another way can also help. Before all of these, however, you need to learn some basic principles. Here are six of them. 1. Build relationships. 2. Understand the numbers. 3. Reduce risk. 4. Be prepared. 5. Set...