As you explore the possibility of investing in a condo, it is crucial to also consider the potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condo rental yields can vary greatly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer more attractive rental yields. To gain a better understanding of the rental potential for a specific condo, it is beneficial to conduct thorough market research and seek advice from real estate agents. You may also want to explore Singapore Projects to further enhance your knowledge and insights.
Singapore has global opportunity to lead sustainable development: MNDhttps://www.edgeprop.sg/property-news/frasers-property-partners-two-chinese-real-estate-groups-join-residential-site-shanghai-china
Frasers Property has teamed up with two major Chinese real estate companies to jointly acquire a residential site in Songjiang District in Shanghai, China. The joint venture partners successfully acquired the site for RMB815.2 million ($151.9 million) through a tender from the Shanghai Municipal Bureau of Planning and Natural Resources.The other JV partners include Xiamen ITG Real Estate Group, which is a fully-owned subsidiary of ITG Holding Group, a state-owned enterprise under the Xiamen Municipal Government. In addition, Shanghai-listed Gemdale Corporation has also entered into the partnership. In a statement released on February 26, Frasers Property announced that the JV partners have plans to develop the site into a mixed-use property comprising of 189 low-rise apartments, townhouses, and duplex units. The project will cover a total gross floor area of 334,714 square feet. It is also expected to feature cutting-edge design elements such as flood mitigation, ultra-low energy building designs, energy-saving door and window systems, reduced thermal bridging, and solar photovoltaics. The development is aimed at targeting upgraders and first-time homebuyers looking to buy in the Fangsong Community of Songjiang District, one of Shanghai’s prime residential neighborhoods. It is also strategically located near two other projects, Club Tree and Palace of Yunjian, which were previously developed under other joint ventures involving Frasers Property and Gemdale Corporation. “This joint venture not only strengthens our presence in Shanghai but also demonstrates our commitment to delivering high-quality residential developments that cater to the changing needs of the Chinese community,” says Lim Hua Tiong, CEO of emerging markets in Asia at Frasers Property.