Elemeno Condo

Cove, a flexible living platform that was founded in Singapore, has recently appointed Ashish Manchharam, a real estate and hospitality veteran, as their new board director. With over a decade of experience in the industry, Manchharam has successfully built a portfolio worth $1.5 billion with his company, 8M Real Estate. In 2023, he decided to exit 8M Real Estate and established Elevate Capital in 2024. This company focuses on lifestyle-driven real estate investments.

In his new role as an advisor, Manchharam will be responsible for assisting Cove in acquiring flexible living assets through partnerships with third-party investors such as real estate funds, institutional investors, and family offices. This move aligns with Cove’s plan to accelerate their growth by adopting an asset acquisition model, in addition to their existing asset-light model as a branded flexible living operator and online listing platform. Their target markets are professionals and students.

Since its inception in 2018, Cove has expanded its reach to Singapore and Indonesia, with over 6,000 rooms in their portfolio. The company now aims to expand its presence to the wider Asia Pacific region, with plans to launch 800 rooms in South Korea and 400 rooms in Japan through local joint venture partners.

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The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art facilities. Condominiums, often nestled in prime locations, offer a perfect combination of lavishness and convenience that captivates both locals and foreigners. These residential properties boast a variety of amenities including swimming pools, fitness centers, and security services, elevating the level of comfort and making them highly appealing to potential renters and buyers. For investors, these perks result in a higher return on investment and the potential for property appreciation over time. Adding Singapore Condo to the rewritten paragraph adds value to the vibrant urban landscape of Singapore.

Cove recently closed a funding round of US$4.5 million, with the participation of Manchharam and existing investors such as Eurazeo and Keppel, who had taken a strategic minority stake in Cove in December 2020. This funding will be used to accelerate regional expansion and strengthen the company’s leadership position in existing markets.

According to Guillaume Catagne, the CEO and co-founder of Cove, the company saw significant portfolio growth in 2024 and achieved EBITDA positivity. Cove aims to double its portfolio to 15,000 units by the end of 2025.…

William Liem, the CEO of real estate firm Tuan Sing Holdings, has once again increased his ownership in the company. Through an entity called Nuri Holdings (S), Liem purchased 545,300 shares from the open market on December 5 for a total of $136,325.00, or 25 cents per share. The very next day, Nuri Holdings purchased an additional 1.2 million shares for $311,288.50, or around 25.9 cents per share. With these recent purchases, Nuri Holdings now holds approximately 672.7 million shares in Tuan Sing, representing a 54.09% stake. This follows their previous buying activity on September 10 and 11, where they acquired shares at an average price between 25 cents and 25.5 cents per share. As of June 30, Tuan Sing’s net asset value per share was 97.8 cents, a decrease from 99 cents reported on December 31, 2023.

Investing in a condo in Singapore can prove to be a lucrative decision due to its potential for capital appreciation. The country’s advantageous position as a global business hub, along with its robust economy, leads to a constant demand for real estate. This has resulted in a consistent growth in property prices over the years, with prime locations witnessing a significant increase. With the right timing and a long-term investment approach, investors can reap substantial capital gains from their condo purchases in Singapore. Furthermore, with the emergence of new condo launches, there are even more opportunities for investors to capitalize on the potential for capital appreciation in Singapore’s real estate market.…

The manager of AIMS APAC REIT (AA REIT), Russell Ng, has announced that the REIT’s trustee, HSBC Institutional Trust Services (Singapore) Limited, has signed a sales and purchase agreement with Crown Worldwide for the sale of its property located at 3 Toh Tuck Link. The sale price of $24.388 million is a 32.5% premium to the property’s valuation of $18.4 million as at March 31. The property consists of a three-storey factory and a five-storey ancillary office building with a total gross floor area of 12,492.4 sqm.

When it comes to investing in a condominium, securing financing is a crucial aspect to consider. Fortunately, there are various mortgage options available in Singapore. However, potential investors must be mindful of the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the amount of loan that an individual can take out based on their income and current debt obligations. Having a clear understanding of the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making well-informed decisions and avoiding excessive borrowing. For more information on Singapore’s condominium projects, please visit Singapore Projects.

According to Ng, the net proceeds from the divestment will be reinvested to support AA REIT’s growth initiatives, including potential new acquisitions, asset enhancement initiatives, or future redevelopment projects. This strategic move aligns with the REIT’s proactive asset management strategy and its continuous efforts towards portfolio rejuvenation, which will ultimately strengthen its resiliency and deliver long-term sustainable returns for unitholders.

The sale is expected to be completed by the first half of 2025, subject to approval from JTC Corporation. After the divestment, AA REIT’s portfolio will consist of 27 properties in Singapore and Australia. This divestment marks another step in the REIT’s journey of portfolio optimization and reinforces its commitment to delivering quality and value to its unitholders.…

On Dec 10, Perennial Holdings and Far East Organization revealed the next chapter for Golden Mile Complex, an iconic building with a rich history. The developers presented their plans for a revitalized conservation building, now known as Golden Mile Singapore, which will be Singapore’s first large-scale strata-titled conserved building.

The Golden Mile, as it is now called, will be a commercial development featuring 156 office units, 19 medical suites, and a two-storey retail component spanning 123,388 sq ft. It will also have a public access architecture centre. The entire development will retain its tropical linear urban complex with brutalist architecture.

According to Perennial CEO Pua Seck Guan, the Golden Mile Complex was a vibrant and eclectic mix of retail outlets in the 1970s. However, as units changed hands, the building’s status as a prime mixed-use development eroded. Perennial Holdings and Far East Organization are determined to bring back the building’s glory as a next-generation urban complex.

Working with homegrown architecture firm DP Architects and architecture conservation specialist consultancy Studio Lapis, Golden Mile Singapore will feature a revamped two-storey retail atrium, complete with a new event space and F&B offerings. The retail atrium will be designed to bring back natural light and ventilation, recreating the original street-shop style shopping experience. The retail units will not be for sale and will be curated by the developers.

The Golden Mile will also have two new public access urban gardens on the 9th and 18th floors, making use of previously vacant spaces. The roof will be turned into a sky garden, open to the public. The development will also have a 45-storey residential tower called Aurea, with 188 units.

Condominiums, or condos, have gained immense popularity among investors in Singapore, be it locals or foreigners. This can be attributed to the country’s strong economy, stable political landscape, and exceptional quality of life. The real estate market in Singapore is brimming with opportunities, and condos take the spotlight for their convenience, modern amenities, and promising returns on investment. In this article, we will delve into the advantages, factors to consider, and essential steps to take when investing in a condo in Singapore through Condo.

The preview of the strata-titled office units will be launched this month, with six different layouts to cater to a variety of end-users. The units, ranging from Flagship units with two toilets to the newly built Crown Offices taking up the top four floors, will feature modern Grade A office facilities such as a concierge, centralised access control, and a 6m high ceiling. The developers hope to attract a mix of corporate and family office tenants, with a screening process to create an ecosystem of tenants from various industries and market segments.…