Singapore’s property cooling measures are an important factor to consider for those interested in investing in condos in the country. The government has implemented several measures over the years to discourage speculative buying and promote a stable real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on both foreign buyers and those purchasing multiple properties. Although these measures may affect the short-term profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a secure environment for investment. In addition, the ABSD adds an extra layer of protection to the market against potential risks. So, if you’re looking to invest in Singapore projects, rest assured that these government measures help maintain a healthy and sustainable real estate market for your investment to thrive in.
article rewrittenMapletree Investments has announced the purchase of its first logistics property in the UK and 10 warehouses in Spain for approximately EUR315.1 million ($444.5 million). These acquisitions cover a total area of 256,000 sqm and will serve as the seed assets for the group’s second European logistics fund. The move also aligns with Mapletree’s strategy to strengthen its focus on the logistics sector and expand its global presence.In a media release on Jan 27, Mapletree stated that the fund will be launched at an appropriate time once it has achieved sufficient scale. “Logistics remains a highly attractive sector that has consistently enjoyed strong demand from both occupiers and investors. With the continuous growth of e-commerce, companies are actively seeking to secure and expand their supply chains,” explains Ralph van der Beek, CEO of Mapletree’s European commercial and logistics arm.Read also: Elite Partners Capital acquires logistic centre in GermanyThe group is confident that these assets will generate stable and recurring returns in the long run. The UK property is located in the Derby Commercial Park, which offers convenient access to major arterial roads such as the M1, A50 and A6. Additionally, it is also situated near the city centre and the East Midlands Airport. Mapletree states that the tenant has recently renewed its long-term lease.Furthermore, the assets in Spain are strategically located in the first rings of Barcelona, Valencia and Madrid. These core logistics hubs have direct access to the city centre via various transportation modes. The properties are expected to benefit from third-party logistics providers and manufacturers that are highly committed to the assets due to their close proximity to production facilities. These companies have also made significant investments in automation and fit-outs on-site.Following these acquisitions, Mapletree now has a total of 80 logistics assets across eight different countries.