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Tuan Sing Holdings, a property developer and investment firm listed in Singapore, has announced its plans to reconstruct two of its mixed-use properties in Melbourne city. These properties, located at 121-131 Collins Street and 23-25 George Parade, will be redeveloped by the company’s subsidiary, Grand Hotel Group (GHG). To achieve this, Tuan Sing has appointed Hong Kong-based urban design firm Urbis Ltd to submit a Town Planning Application to the City of Melbourne.

The current buildings on the site house the popular Grand Hyatt Hotel and various retail spaces. The reconstruction project aims to retain much of the existing podium structure, ensuring that all tenants and the hotel can continue their usual operations. The focus will be on making modifications to the façade, extensive refurbishment, and reconfiguration of spaces in the podium levels 4 to 9B. According to Tuan Sing’s announcement on November 14, the completed project will have a total gross floor area of about 909,550 sq ft, subject to regulatory approvals. It will also introduce a new luxury retail and F&B precinct.

Tuan Sing’s CEO, William Liem, believes that this redevelopment will redefine connectivity and activation at one of Melbourne’s most prominent intersections in the historic Paris End. He also emphasizes the company’s commitment to environmental stewardship by pursuing a sustainable approach to the transformation. Instead of completely rebuilding the properties, the company aims to reimagine and repurpose them to create a thriving, connected, and culturally vibrant Melbourne for future generations.

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Due to the limited availability of land, there is a high demand for condos in Singapore. Being a small island nation with a rapidly growing population, Singapore faces the challenge of finding space for development. As a result, strict land use regulations and a fiercely competitive real estate market are in place, leading to consistently rising property prices. This has made investing in real estate, especially condos, a lucrative option with the potential for significant capital appreciation. With the numerous Singapore Projects available, the demand for condos is only expected to continue to rise in the future.

For those interested in investing in overseas properties, this project presents an exciting opportunity. With its prime location and plans for a luxury retail and F&B precinct, the reconstructed properties at 121-131 Collins Street and 23-25 George Parade are sure to generate significant interest and yield impressive returns.…

Investing in a condominium in Singapore presents numerous benefits, with capital appreciation being a major advantage. The country’s prime position as a global business hub and its robust economy contribute to a consistent demand for real estate. This has resulted in a steady increase in property prices in Singapore, particularly in prime locations. As a result, savvy investors who enter the market at the opportune moment and hold onto their properties for the long haul can reap substantial capital gains. Check out Singapore Projects for more opportunities.

EDGEPROP – A HDB shophouse located at Bukit Merah Central will be up for auction on November 27, managed by SRI. With a floor area of 1,582 sq ft, the shophouse has a guide price of $2.55 million, or $1,612 psf.

Owned by a private individual, this is the first time the property is being put up for auction, as indicated by Eric Liew, SRI’s manager of auction sales. The owner’s intention is to sell the property to release their investment.

With a remaining lease of 59 years, the property’s tenure is 103 years from 1980. The lower level of the property, which covers 732 sq ft, is zoned for commercial use, while the upper level, which spans 850 sq ft, is zoned for residential use.

The shophouse is currently fully tenanted and will be sold with its existing tenancies. The commercial space on the lower level is leased to Domino’s Pizza until 2026, while the residential space on the upper level is leased until 2027.

Eligible for purchase by foreigners as it is a commercial property, the residential component of the shophouse will be subject to additional buyer’s stamp duty, while the commercial component will be subject to goods and services tax.

Interested parties have already made enquiries about the property, according to Liew, mainly investors attracted by its central location in Bukit Merah.

Situated within Bukit Merah Town Centre, the shophouse is within a cluster of buildings with various amenities, including the Bukit Merah Polyclinic, Bukit Merah Central Food Centre, and a boutique convention center, Rubikon, and performing arts center, Gateway Theatre.

The property is within walking distance to the Bukit Merah bus interchange, Gan Eng Seng Primary School, and Bukit Merah Secondary School. The Redhill MRT Station is approximately a 15-minute walk away.

According to data compiled by EdgeProp Research, the most recent commercial transaction at 161 Bukit Merah Central was the sale of a 1,582 sq ft shophouse for $1.5 million, or $948 psf, in March 2021.

The latest commercial rental rates at Bukit Merah Central are shown below:

– EP Buddy…

When it comes to investing in real estate, location is a critical factor to consider, and this is especially true in Singapore. Condominiums located in central areas or in close proximity to important amenities such as schools, shopping centers, and public transportation hubs are known to have a higher potential for appreciation in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the Central Business District (CBD), have consistently shown growth in property values. Families also find these areas desirable due to the availability of good schools and educational institutions, further enhancing the investment potential of condos in these locations. For those looking for a lucrative investment opportunity in Singapore, Singapore Condos in these prime areas are definitely worth considering.

Tuan Sing Holdings, a property developer and investment firm listed on the Singapore Stock Exchange, has announced its plans to revitalize two of its mixed-use properties in Melbourne. The company’s wholly-owned subsidiary, Grand Hotel Group (GHG), has engaged Hong Kong-based urban design firm Urbis Ltd to submit a Town Planning Application to the City of Melbourne for the redevelopment of 121-131 Collins Street and 23-25 George Parade.

The existing properties currently house the 550-room Grand Hyatt Hotel and various retail spaces. In the proposed reconstruction, much of the existing podium structure will be retained, allowing business operations for tenants and the hotel to continue without interruption. The focus of the works will be on façade modifications, extensive refurbishment, and reconfiguration of spaces in the podium levels 4 to 9B, as announced by Tuan Sing on Nov 14.

Upon completion, the site will offer a total gross floor area (GFA) of 909,550 sq ft, subject to regulatory approvals. The redevelopment will also introduce a new luxury retail and F&B precinct, enhancing the areas’ vibrancy and appeal.

William Liem, CEO of Tuan Sing, expressed his vision for the project, stating that the podium redevelopment at 123 Collins Street will redefine connectedness and activation at one of Melbourne’s most prominent intersections in the historic Paris End. He also emphasized the company’s commitment to environmental stewardship, aiming to create an architectural statement that supports sustainable growth and a culturally vibrant Melbourne for years to come.

For those interested in investing in overseas properties, Tuan Sing’s project in Melbourne offers an exciting opportunity to be a part of a thriving and connected community. With a focus on sustainable development and preserving the city’s history, this reconstruction aims to create a vibrant and culturally rich environment for generations to enjoy.…

articleSINGAPORE (EDGEPROP) – Despite a decline in shophouse transactions in 3Q2024, Huttons Asia’s latest quarterly shophouse market report published on Nov 12 revealed that interest in the shophouse market remained strong.The report noted that while there were only 18 caveats lodged for shophouse transactions in 3Q2024, a decrease from 21 in 2Q2024, the total transacted quantum of $138.9 million was still relatively high. This was only a 28.8% drop from the previous quarter’s $195.1 million. However, when compared to 3Q2023’s transacted quantum of $278.6 million, it was only half of the figure.Roughly 62 shophouses were sold in the first nine months of 2024, according to caveats, which indicates a 46.1% decrease from the same period in 2023. Additionally, the total value of transactions was $519 million in the first three quarters of 2024, which is 48.5% lower compared to the same period in 2023.The report also highlighted several shophouse deals in 3Q2024 that were not caveated, according to market sources. These transactions occurred in popular areas such as Amoy Street, Neil Road, and Telok Ayer Street in Districts 1 and 2. The estimated quantum for these shophouses is over $70 million, indicating strong demand for shophouses despite the decline in caveated transactions.Senior Director of Data Analytics at Huttons Asia, Lee Sze Teck, believes that the interest in shophouses is due to their scarcity and potential for significant capital gains. He also believes that the recent interest rate cuts have contributed to shophouses becoming increasingly popular as a wealth creation and preservation asset. He predicts that shophouse transaction volume and quantum may increase in 4Q2024.

Investing in a Singapore Condo requires careful consideration of financing options. Fortunately, Singapore offers a variety of mortgage choices; however, it is crucial to familiarize oneself with the Total Debt Servicing Ratio (TDSR) framework. This framework sets limits on the amount of loan a borrower can acquire based on their income and existing debt obligations. To make wise financing choices and avoid excess debt, investors should gain a strong grasp of the TDSR and seek guidance from financial advisors or mortgage brokers.…

Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. While purchasing condos is typically more accessible for foreigners compared to landed properties, there are still certain limitations. One of these is the Additional Buyer’s Stamp Duty (ABSD) which stands at 20% for foreign buyers making their first property purchase. Despite this added expense, the Singapore real estate market’s stability and growth potential remain highly appealing for foreign investment. In fact, the market continues to attract foreign buyers, with new condo launches being a popular choice. New Condo Launches offer great opportunities for foreign investors to tap into the thriving Singapore property market.

In recent previews, CapitaLand Development (CLD) has received overwhelming interest for two of its projects in Vietnam. The developer held an exclusive preview for Orchard Hill, a 774-unit high-rise development on October 26. This project is the second phase of Sycamore, a joint venture between CLD and United Overseas Australia, which includes 3,500 freehold units in Binh Duong New City, 30km from Ho Chi Minh City. Since the preview, 694 units, or 90%, of Orchard Hill have already been booked with the one- and two-bedders being the most popular. The project is expected to be completed by 4Q2026.

On November 9, CLD also held an exclusive preview of The Senique Hanoi, a 2,150-unit high-rise residential project in East Hanoi. The response has been equally strong with bookings for 92% of units. The Senique Hanoi is a collaboration between CLD, Mitsubishi Estate, and Nomura Real Estate Development, and is scheduled to be completed in 2027.

This positive reception for The Senique Hanoi follows the success of the launch of the third and final phase of CLD’s Lumi Hanoi residential development last month. During the launch, 678 of the 697 units released for sale were taken up, reflecting a take-up rate of 97%. The 3,950-unit Lumi Hanoi is now 99% sold.…

It is crucial for international investors to have a thorough understanding of the laws and limitations surrounding property ownership in Singapore. Fortunately, foreigners are generally permitted to buy condos with fewer restrictions in comparison to landed properties, which have more stringent ownership regulations. It should be noted, however, that foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property purchase. Despite this added expense, the reliability and potential for growth in the Singapore real estate market remain highly appealing to foreign investors. So, it’s no wonder that many continue to invest in condos in Singapore.

In a filing to the Singapore Exchange on November 12, CapitaLand Integrated Commercial Trust (CICT) announced the completion of the divestment of 21 Collyer Quay. The 21-storey office building, located in the Central Business District, was sold for a total price of $688 million to an unrelated third party. The transaction was based on a willing-buyer-willing-seller basis and was in line with the independent valuation conducted by Savills, which determined the building’s value at $3,230 psf based on its net lettable area of around 213,000 sq ft.

According to CICT’s manager, the sale price resulted in an exit yield of below 3.5%, based on the building’s annualised net property income for the period ended September 30, 2024. The net proceeds from the divestment are expected to be approximately $681.7 million.

21 Collyer Quay was formerly occupied by HSBC before being taken over by co-working operator WeWork in 2021. After a design and fit-out of the space, WeWork officially opened its flagship location at the building in September 2022. However, in November 2023, WeWork filed for bankruptcy in the US, raising concerns about its future in Singapore. In April this year, WeWork announced that it had reached a series of lease negotiations with its Singapore office landlords and plans to remain in its current buildings for the foreseeable future. As stated on CICT’s website, WeWork has a seven-year lease for 21 Collyer Quay until 2028.…

Huttons Asia: Interest in shophouse market remains strong despite decline in caveated transactionsThe shophouse market continues to attract interest from investors, despite a decrease in caveated transactions in the third quarter of 2024, according to the latest quarterly report published by Huttons Asia on November 12. Only 18 caveats were lodged for shophouse transactions in 3Q2024, indicating a drop from the 21 caveated deals in the previous quarter. However, the transacted quantum of these shophouses still amounted to $138.9 million, which is a decline of 28.8% from the previous quarter’s $195.1 million. Compared to the transacted quantum of $278.6 million in 3Q2023, the amount for 3Q2024 was only half.The figures for the first nine months of 2024 show that 62 shophouses were sold, indicating a 46.1% decrease from the same period in the previous year. The total value of transactions for this period was $519 million, which is 48.5% lower than the same period in 2023.According to Lee Sze Teck, senior director of data analytics at Huttons Asia, although the number of transactions decreased in 3Q2024, this may not reflect the actual level of interest in the shophouse market. Market sources have revealed that a number of shophouses in Districts 1 and 2, such as along Amoy Street, Neil Road and Telok Ayer Street, were reportedly sold. The estimated quantum for these properties is over $70 million.Investors are drawn to the shophouse market due to its scarcity as well as its potential for strong capital gains. With the recent interest rate cuts, shophouses have become increasingly popular as an asset for wealth creation and preservation. Lee is optimistic that shophouse transaction volume and quantum will increase in 4Q2024.

Investing in a condominium is a significant decision that requires careful consideration, especially when it comes to financing. In Singapore, there is a range of mortgage options available, but it is essential to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan an individual can take based on their income and existing debt obligations. Therefore, it is crucial for investors to have a thorough understanding of the TDSR and seek guidance from financial advisors or mortgage brokers to make informed financing decisions. This is especially important to avoid over-leveraging, which can have significant consequences. Seeking advice from experts, such as New Condo Launches, can provide valuable insights on financing options for potential investors.…

According to a new report by OrangeTee Research & Analytics, private resale home prices have remained steady in the third quarter of 2024 despite the current high-interest rate environment. Data from the Urban Redevelopment Authority (URA) shows that the average resale prices for landed and non-landed private residential properties, excluding executive condos (ECs), have remained unchanged at $1,713 per square foot (psf) from the second quarter to the third quarter of 2024. However, there have been some fluctuations in average resale prices within the Core Central Region (CCR), Rest of Central Region (RCR), and Outside of Central Region (OCR).

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In addition to the perks previously mentioned, investing in a condo also allows the opportunity to leverage the property’s value for future investments. In fact, numerous investors utilize their condos as collateral to secure additional financing for new ventures, ultimately broadening their real estate holdings. This approach has the potential to greatly increase profits, but it is essential to have a solid financial plan in place and carefully assess the potential consequences of market fluctuations. Furthermore, keeping an eye on New Condo Launches can also provide valuable investment opportunities.

The report also reveals that average resale prices in the CCR have increased by 1.6% from $2,145 psf in the second quarter to $2,181 psf in the third quarter of 2024. This marks a partial reversal from the 3.6% quarter-on-quarter (q-o-q) price drop recorded in the first quarter and second quarter of 2024. Similarly, prices in the RCR have seen a growth of 1.4% from $1,837 psf to $1,863 psf during the same period. This is a moderation from the 3.1% q-o-q price growth seen in the previous quarter. On the other hand, the average price of private residential resale homes in the OCR has decreased by 0.4% from $1,495 psf to $1,489 psf in the third quarter, marking a turnaround from the 3.5% growth in resale prices seen in the second quarter.

Despite the high-interest rate environment, the demand for resale homes remains robust. In the third quarter, URA recorded 3,860 resale homes sold, representing a 1.5% q-o-q increase from the 3,802 units sold in the second quarter of 2024. Resale transactions also made up 71.9% of the total 5,372 residential sales, including new sales, resale, and subsale, in the third quarter. However, this is a decrease from the record high of 77.4% market share recorded in the second quarter. According to OrangeTee, this is due to an increase in housing supply, with close to 30,000 private homes completed in the past two years, providing more options for potential buyers. With new private home prices remaining high, some buyers may turn to the secondary market for more affordable options.

One example is the recently launched Norwood Grand condo in the OCR, which has sold 293 units at an average price of $2,086 psf since its launch in October – a 39.5% premium over the average price in the region. Similarly, the newly launched Meyer Blue in the RCR has sold 122 units at an average price of $3,252 psf in the same month, representing a 74.5% increase from the average resale unit price in the RCR. OrangeTee also predicts that recent interest rate cuts by the US Federal Reserve may spur luxury home sales due to lower borrowing costs.

The report also notes that buyers who may have been more cautious due to high interest rates may now be more inclined to enter the market. OrangeTee expects resale prices to continue to grow over the next few years due to a projected decrease in available stock. As there are only around 5,300 private homes expected to be completed in 2025, there is likely to be a shortage of supply, which may drive up resale prices. However, the report also states that this growth is subject to major economic crises or unforeseen circumstances. Overall, OrangeTee remains positive about the prospects for resale homeowners in the coming years.…

When it comes to investing in a condo, financing is a crucial factor to consider. Fortunately, Singapore has a variety of mortgage choices available. However, it is important to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the amount of loan that a borrower can take based on their income and current debt responsibilities. Familiarizing oneself with the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making well-informed decisions about their financing options. This also helps in avoiding excessive borrowing. To make the most of these resources, investors can also look into various Singapore Projects to widen their range of options.

in SingaporeChinese developer Kingsford Group achieved a sales success at the launch of Chuan Park on Nov 10, with 696 (76%) out of 916 units being sold. The average price per square foot for the units sold was approximately $2,579.The units ranged from two-bedroom, two-bedroom+study, and three-to-five-bedroom units, according to a spokesperson for Kingsford. Singaporeans made up 93% of the total number of homebuyers, with permanent residents and foreigners accounting for the remaining 7%. The majority of the units transacted were two- and three-bedroom units, with the remaining being four- and five-bedders, says Ismail Gafoor, CEO of PropNex. The transacted prices for all units ranged from $1.6 million for two-bedders to $4.3 million for a five-bedroom unit. “In view of the overwhelming demand, including from prospective buyers within District 19, we believe the developer has priced the project sensitively,” he adds.Chuan Park has emerged as the top-selling project of 2024 in terms of the number of units sold, surpassing the 400 units (75%) sold at the 533-unit Lentor Mansion in March. However, Norwood Grand, which was launched in October, remains the highest in terms of percentage of units sold at 84% or 292 out of 348 units.”Two- and three-bedroom units were the top picks for buyers, as many are in their 30s and 40s,” says Marcus Chu, CEO of ERA Singapore. He notes that many of the buyers were upgrading from older HDB flats or condominiums in nearby areas. “Meanwhile, older buyers who are downsizing from landed properties tend to prefer the larger four- or five-bedroom units,” he adds.Chuan Park’s success at the close of Nov 10 (Source: Property Agents)This success marks another significant achievement for Kingsford, as in January 2021, their 1,862-unit Normanton Park project sold about 600 units on the first weekend of its launch, with all units being entirely sold within 18 months.Kingsford acquired the 99-year leasehold, 400,500 sq ft Chuan Park site for $890 million in July 2022. The site is adjacent to Lorong Chuan MRT Station and marks the first private condominium launch in the area since the 468-unit The Scala’s debut in August 2010.The project has five blocks – three 22-storeys and two 19-storeys – and two commercial units spread across a 99-year leasehold site of 400,500 sq ft. The 916 units range from two- to five-bedrooms, ranging from 700 sq ft to 1,841 sq ft.The prices started from over $1.5 million for a two-bedroom, upwards of $2.1 million for a 915 sq ft three-bedroom, $3.1 million for a 1,335 sq ft four-bedroom, and $3.7 million for a 1,550 sq ft five-bedroom. Chuan Park is nestled within an affluent private residential enclave, surrounded by the Serangoon Gardens, Li Hwan, and Tai Hwan landed housing estates, as noted by PropNex’s Gafoor.Although classified within the Outside Central Region (OCR), Chuan Park is near the boundary of the Rest of Central Region (RCR). Ken Low, the managing partner of SRI, highlights that it is near “million-dollar HDB estates”, including Serangoon, Toa Payoh, Ang Mo Kio, Bishan, and the emerging Bidadari Estate.ERA’s Chu estimates there are around 126,000 HDB flats and 54,000 private residential units in “the Golden Triangle of Ang Mo Kio/Bishan, Toa Payoh and Serangoon around Chuan Park”, he adds. Based on ERA’s research, 233 HDB flats were sold for over $1 million in the first 10 months of the year in the nearby HDB estates of Ang Mo Kio, Bishan, Toa Payoh and Serangoon. “These HDB owners are in a good financial position to upgrade to private residential properties should they wish to,” Chu adds.Chuan Park is next to the Lorong Chuan MRT Station and is surrounded by the landed housing estates of Serangoon Gardens, Tai Hwan and Li Hwan (Source: EdgeProp Landlens)Chuan Park’s launch was among the most anticipated this year, according to Huttons’ Yip. The preview period from Deepavali Day (Oct 31) to Nov 7 attracted over 20,000 visitors, with more than 2,800 cheques collected from interested buyers ahead of the sales launch on Nov 10.Initially scheduled for Nov 16, Chuan Park’s launch was brought forward to Nov 10. “Bringing forward Chuan Park’s launch has allowed investor and homebuyer demand to spread across various new developments,” says SRI’s Low.Read also: Year-end rush: Record six projects set to launch in NovemberThree other projects are set to launch on Nov 16: the 552-unit Nava Grove at Pine Grove, off Ulu Pandan Road; the 846-unit Emerald of Katong on Jalan Tembusu in the East; and the 504-unit executive condo Novo Place in Tengah in the West.Low anticipates that the robust sales at Chuan Park will carry over to the upcoming launches next weekend, building on the existing interest in these projects. “We are also seeing buyers gravitate towards other ongoing new launches,” he adds. “This momentum provides a welcome boost to an otherwise subdued 2024 market.”The recent interest rate cuts by the US Federal Reserve—a 50-basis point reduction on Sept 18 and a 25-basis point cut on Nov 8, with further cuts anticipated next year—have boosted confidence and demand in the real estate market. “There will be increased affordability as banks lower their stress test rates,” notes SRI’s Low. “Additionally, homebuyers will benefit from savings on monthly mortgage payments due to the reduced interest rates.”The improved market sentiment has encouraged even those homebuyers who were hesitant during the first nine months of the year to return, says PropNex’s Gafoor. However, he does not expect all upcoming project launches to see similarly strong sales. “In addition to the development’s specific attributes, factors such as location, proximity to MRT stations, nearby new launches, and price sensitivity play a crucial role in a project’s sales performance.” Check out the latest listings for Chuan Park properties in SingaporeArtikel ini telah diubah oleh pengedit. Pengembang asal China, Kingsford Group, sukses menjual 696 unit (76%) dari total 916 unit di Chuan Park pada Minggu, 10 November. Rata-rata harga unit yang terjual berkisar sekitar $2,579 per kaki persegi.Menurut juru bicara Kingsford, unit yang terjual terdiri dari dua kamar tidur, dua kamar tidur dengan ruang belajar, dan unit tiga hingga lima kamar tidur. Sebanyak 93% pembeli adalah warga Singapura, sementara sisa 7% terdiri dari penduduk tetap dan warga asing.Sebanyak 92% unit yang berhasil terjual adalah unit dengan dua kamar tidur dan tiga kamar tidur, sementara 8% sisanya adalah unit dengan empat dan lima kamar tidur, menurut Ismail Gafoor, CEO PropNex. Harga transaksi untuk semua unit terjual berkisar antara $1,6 juta (untuk unit dua kamar tidur) hingga $4,3 juta (untuk unit lima kamar tidur). “Secara umum, kami berpikir bahwa pengembang telah menetapkan harga proyek ini secara sensitif mengingat permintaan yang sangat besar, termasuk dari pembeli yang berpotensi berada di District 19,” tambahnya.Baca juga: Emerald of Katong menarik 10.000 pengunjung saat puncak kepadatan di galeri penjualan proyek selama akhir pekan DeepavaliMenurut Marcus Chu, CEO ERA Singapore, unit dua kamar tidur dan tiga kamar tidur menjadi favorit utama karena mayoritas pembeli berusia antara 30 dan 40 tahun. Dia menambahkan bahwa banyak dari pembeli tersebut berasal dari peningkatan unit HDB tua atau kondominium di daerah sekitarnya. “Sementara itu, pembeli yang lebih tua yang berasal dari properti landed cenderung lebih memilih unit yang lebih besar dengan empat atau lima kamar tidur,” tambahnya.Penjualan Chuan Park hingga 10 November (Sumber: Agen Properti)Chuan Park berhasil menjadi proyek terlaris pada 2024 dalam hal jumlah unit yang terjual. Proyek ini mengungguli penjualan 400 unit (75%) di Lentor Mansion yang terjual pada Maret. Namun, dalam persentase unit yang terjual, Norwood Grand, yang diluncurkan pada Oktober, masih menjadi yang tertinggi dengan 84% atau 292 dari 348 unit.”Selain menjadi proyek terlaris pada 2024, Chuan Park juga merupakan…

Colliers has recently announced the appointment of two new key roles to strengthen their leadership team in Asia Pacific (Apac) and Japan. Alex Worthington has been named as the director of Asia Pacific capital markets, key client account management, and investor intelligence, while Akira Kuno will take on the role of deputy managing director and co-head of capital markets in Japan.

Worthington will report to Chris Pilgrim, Colliers’ managing director of global capital markets, Apac. In his new position, he will be responsible for leading and enhancing key account management for the largest institutional investors in the Apac region. Pilgrim believes that Worthington will drive revenue growth and help the capital markets team build and strengthen long-term relationships across Apac.

According to his LinkedIn profile, Worthington’s previous role was as a client relations specialist at technology consulting firm Palo IT. He also brings with him eight years of experience at JLL Singapore.

Investing in condos in Singapore also involves taking into account the government’s property cooling measures. In order to maintain a stable real estate market and prevent speculative buying, 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 individuals purchasing multiple properties. Although these measures may affect the immediate profitability of condo investments, they also contribute to the long-term stability of the market, creating a safer environment for investments in condos. Therefore, it is important to consider these measures when considering investing in Condo in Singapore.

Kuno, on the other hand, has 34 years of experience in Japan’s real estate and financial industries. With a successful track record of real estate investment transactions amounting to over JPY1 trillion ($8.65 billion), Colliers is confident in his abilities to lead and contribute to their capital markets business in Japan.

Working closely with Yukihiro Ogasawara, Colliers’ managing director and chairman of Japan, Kuno will support the company’s ongoing expansion in Japan. Ogasawara believes that Kuno’s leadership, extensive market knowledge, and enterprising spirit will help clients achieve their investment goals and drive Colliers’ growth strategy in the future.…