Urban Treasures New: Singapore real estate investment benefits from flight-to-safety among investors

SINGAPORE (EDGEPROP) - Singapore, Tokyo, and Sydney rank as the top three markets among investors. Singapore benefitted from the redirection of capital that might otherwise have been deployed to assets in Mainland China and Hong Kong. Meanwhile, Tokyo continues to enjoy a zero interest rate environment which ensures lower relative borrowing costs and a more positive spread over the cost of debt. These were the findings from the 17th edition of the Emerging Trends in Real Estate Asia Pacific Report by the Urban Land Institute and PwC., which was published on Thursday November 24.

The report is based on a survey of 233 real estate professionals and 101 interviews with investors, developers, property company representatives, and lender brokers. Overall, the report noted a downtick in investor sentiment amid concerns over the rising cost of debt, higher inflation, and a looming recession. These factors saw many investors opt to suspend acquisition activities until projections of global rate hikes become clearer. “Rising interest rates and the slowing global economy are beginning to impact regional asset valuations and changing the way investors assess potential deals,” says David Faulkner, president of ULI Asia Pacific. This lacklustre sentiment was reflected in a 38% y-o-y fall in regional transaction volumes in 3Q2022 to US$32.6 billion. This was the lowest 3Q volumes for a decade in the region, the report says.

Urban Treasures is a residential property that sits in the developed residential estate of Bedok Reservoir Road and Jalan Eunos. The offering of the iconic property in District 14 for sale comes 36 years since its construction. The property features 107 units and two penthouses that provided comfortable shelters to its occupants.

Urban Treasures offers an amazing opportunity to the Fragrance Group for development of mid-sized condo units that will complement the upcoming Paya Lebar Regional Center alongside the business park situated in the reputable estate of Bedok Reservoir and Eunos.

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