Investment & En Bloc Sales
In Singapore, office, retail and industrial spaces typically offer
yields superior to residential investment properties. Tenants in these
properties are also more likely to commit to longer lease periods
compared to residential property tenants, providing further comfort
to investors.
These asset classes are popular amongst investors seeking high rental
returns relative to other costs of capital.
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Development Sites
In land scarce Singapore, developers are
constantly on a lookout for redevelopment opportunities,
whether for a high-rise condominium, low-rise apartment
block or a row of terrace houses.
Singapore enjoys an exceptionally high standard of macro
and micro town planning by the relevant authorities. However,
before selling, owners would still prefer to seek advice
early in order to explore all potential issues such as
development charges, land premiums, etc –everything
that could make a world of difference to the resulting
price. |
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Collective Sale Sites
Collective or en bloc sale is a uniquely
Singapore phenomenon that came about due to radical changes
to town-planning provisions from 1993 to present.
As a result of an increase in plot ratios, lifting of
height restrictions or changes in zoning, the redevelopment
values of many developments� land exceeded the sum total
of the values of their individual units. These owners
became beneficiaries of sudden windfalls.
But all owners were required to consent to the sale. All
this changed in 1999 when legislations were amended to
pave the way for a sale as long as 80% or 90% (depending
on the age of the development) of the owners by share
value and in 2007, strata area as well, endorsed it. Other
strict requirements and conditions apply too.
2005 to 2007 saw an immense surge in the number of collective
or en bloc sales. Since 1994, a total of S$31.62 billion
worth of about 400 developments have been sold via collective
or en bloc sales, creating some 40,000 new dwelling units.
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Residential
Good Class Bungalows (GCBs) are the most
premium form of residential housing in Singapore, with
each requiring a minimum plot size of 1,400 square meters.
Each house has typically two storeys and may be built
with an attic or basement.
There are a total of 39 GCB clusters or Good Class Bungalow
areas, with almost all of them located in the prime residential
districts 9, 10 and 11. Some of the more prominent GCB
areas include Nassim Road, Chatsworth Park, Cluny Park,
Dalvey Estate, Whitehouse Park, Ridout Park, Leedon Park
and Queen Astrid Park, amongst others. |
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Commercial, Industrial & Others
In Singapore, office, retail and industrial
spaces typically offer yields superior to residential
investment properties. Tenants in these properties are
also more likely to commit to longer lease periods compared
to residential property tenants, providing further comfort
to investors.
These asset classes are popular amongst investors seeking
high rental returns relative to other costs of capital.
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