Investing in a condominium in Singapore has emerged as a favored option for both domestic and international investors, thanks to the country’s strong economy, steady political climate, and remarkable quality of life. Singapore’s real estate market presents a plethora of possibilities, and among them, condos are highly sought after due to their convenience, amenities, and potential for lucrative returns. This piece will delve into the advantages, factors to bear in mind, and necessary measures to take when considering investing in a condo in Singapore. Additionally, with the constantly evolving market, it is essential to stay updated on new condo launches to make informed investment decisions.
Singapore-based real estate firm Tuan Sing Holdings has unveiled plans to reconstruct its mixed-use properties in Melbourne, including the 550-room Grand Hyatt Hotel and various retail spaces at 121-131 Collins Street and 23-25 George Parade. The subsidiary, Grand Hotel Group (GHG), has commissioned Hong Kong’s Urbis Ltd to submit a Town Planning Application to the City of Melbourne for the proposed works.
According to a press release by Tuan Sing on November 14, the reconstruction will mainly focus on façade modifications, extensive refurbishment, and reconfiguration of spaces in the podium area from levels 4 to 9B. The existing podium structure will be retained to allow uninterrupted business operations for tenants and the Grand Hyatt Hotel during the reconstruction.
Upon completion, subject to regulatory approvals, the site will cover approximately 909,550 sq ft in total gross floor area (GFA) and introduce a new luxury retail and F&B precinct. “The podium redevelopment at 123 Collins Street will redefine connectedness and activation at one of the most prominent intersections in Melbourne’s storied Paris End,” says William Liem, CEO of Tuan Sing. He further adds, “This transformation can be an architectural statement of our environmental stewardship by reimagining rather than rebuilding. We are pursuing a sustainable vision that supports a thriving, connected, and culturally vibrant Melbourne for generations to come.”
For those looking to invest in overseas properties, Tuan Sing’s projects are currently available for sale around the world. The firm’s bold initiatives in Melbourne reflect its commitment to delivering innovative and sustainable solutions in the real estate industry. With the right approach, Tuan Sing’s reconstruction plans will not only enhance the aesthetic appeal of the properties but also contribute to Melbourne’s economic growth and cultural vibrancy.