J’Den Condo will be the ideal spot for those looking for a home near multiple amenities. Residents of J’Den Condo will be able to conveniently access food, entertainment and lifestyle outlets in the vicinity, such as Jem, Bigbox and JCube. Additionally, there will be plenty of shopping opportunities around the neighbouring Jurong East Community Park and Jurong East Regional Centre. Furthermore, a host of educational institutions such as NUS High School, Millennium Institute, Rulang Primary School, Nanyang Technological University and Jurong Junior College are close by. With its prime location and extensive transportation network, J’Den Condo is the perfect place to call home.
As uncertainty regarding interest rates and a rise in capitalisation rates looks to reduce price gaps between buyers and sellers, a new survey by CBRE suggests that Asia Pacific (APAC) real estate investment activity is expected to pick up in the second half of 2023. Capitalisation rates (cap rates) measure a property’s value by dividing its annual income by its sale price and this increase in cap rates was recorded across most APAC cities, with the exception of Japan and mainland China.
As the cost and availability of financing is investors’ most important consideration when evaluating potential acquisitions, due to rising interest rates and stricter lending standards, an additional 75 to 150 basis points is expected for the rise in cap rates within the next six months. This should particularly be the case for core office and retail assets.
Japan is projected to lead the investment recovery in 3Q2023, followed by China and Hong Kong in 3Q2023, and Singapore, India and New Zealand in 4Q2023. Private investors remain the strongest buyers, while real estate funds and REITs show the strongest intention to sell due to current refinance pressures and the need to rebalance portfolios.
Greg Hyland, CBRE’s head of capital markets in Asia Pacific, notes that the interest rate cycle appears to be approaching its peak, resulting in Price discovery in markets such as Korea and Australia. Henry Chin, CBRE’s global head of investor thought leadership and head of research in Asia Pacific, adds that expensive financing costs for commercial real estate in the region have led to more motivated sellers in the second half of 2023.
Overall, the expected rise in cap rates and certainty on interest rates should help ease price gaps and lead to an increase in APAC investment activity in the second half of 2023.
Promenade Peak Condo at Zion Road Parcel B by Allgreen Properties is a highly anticipated new development in the prime location of Zion Road. It is situated in the prestigious District 10 and offers luxurious living with its modern and sophisticated design. The development boasts a wide variety of facilities including a swimming pool, gym, and landscaped gardens which provide residents with a tranquil and serene environment. Promenade Peak is also conveniently located near various amenities such as shopping malls, restaurants, and schools. With its prime location and exceptional quality, Promenade Peak is set to be one of the most desirable residential developments in Singapore. For more information, please visit Promenade Peak.
