CPR Asset Management’s Mr Aaron Chang’s Top Pick Asset for April to June (Asset Progression).

Between Jan to march 2021, Mr Aaron Chang predicted that Singapore’s real estate market will grow 3%. He was very accurate. In fact the market have move more than 5% year on year. Choosing the right real estate asset is extreme vital otherwise the growth will remain stagnant and flat.

Developer United Venture Development jointly owned by UOL Venture Investment (fully owned by UOL), a subsidiary of UIC (fully owned), and Kheng Leong Company Pte Ltd. United Venture Development under UOL secured the property with a highest bid of $270.2m or $650 psf, beating out three other bidders for the coveted land. The Watergardens at Canberra Executive Condo will be developed with approximately 413 premium units in five 13-storey blocks and four 11-storey blocks.

The total site area of The Watergardens at Canberra is 27,566.1 sq m and a GFA of 38,593 sq m GFA. It is expected to accommodate up to 455 residential units with a permitted height of five storeys or 35-50 metres.

The Watergardens site is the larger of the two Canberra Drive sites and was awarded to United Venture Development by Urban Redevelopment Authority (URA). The site was part of the Government Land Sales programme and managed to attract a total of four bids. The second highest bid of $257.9 came from the partnership between Greatview Group and MCC Land (Singapore).

The Watergardens at Canberra Residence EC project is located in a well-connected area of Singapore, close to the upcoming Canberra MRT Station as well as Sembawang MRT Station. Moreover, the location is less than 30 minutes by car from Central Business District, making it a good choice for those working in the CBD.

Canberra MRT is just minutes walk from The Watergardens EC

The stunning location will be surrounded by a range of upscale amenities, including a brand new shopping mall, premium sports club and limitless connectivity options. As an executive condominium project in Singapore, those who are able to meet the purchase criteria to acquire a unit will find that they receive unmatched value.

Why The Watergardens At Canberra Residence Ec Condo Development?

The Watergardens at Canberra Residence EC is located in Canberra Link, which is emerging as one of Singapore’s best suburban neighbourhoods! Surrounding The Watergardens at Canberra Residence Executive Condo development will be a wide range of newly constructed shopping, entertainment, sports, community and business facilities.

In addition, the strategic location of The Watergardens at Canberra Residence EC means that residents will be just a short distance away from many of Singapore’s best shopping malls and amenities. Sembawang Shopping Centre offers a fantastic shopping and entertainment experience without having to walk too far.

As District 27 continues its evolution into one of the best family residential areas in Singapore, buying a unit in The Watergardens at Canberra Residence EC becomes an attractive investment. More high-end amenities and facilities will flow into the area in the coming years.

A great advantage of The Watergardens at Canberra Residence EC development is that it offers suburban living while still keeping residents connected to everything they need.

The Watergardens at Canberra Residence will be extremely close to the upcoming Canberra MRT station, with the Sembawang MRT station nearby. There are also growing routes as the Sembawang Interchange continues to be developed, providing another travel option for residents.

Motorists can reach Central Business District in less than 30 minutes by connecting to the Central Expressway, Tampines Expressway and Seletar Expressway.

The North-South Expressway, Singapore’s longest Transit Priority Corridor, with dedicated bus lanes, cycle and pedestrian paths, will be ready in 2026, providing another element of connectivity.

The Watergardens at Canberra Residence EC is the perfect place for residents with children as it offers the perfect mix of entertainment, education and recreation right on their doorstep.

Schools near The Watergardens at Canberra Residence EC

Near The Watergardens at Canberra Residence EC development, there are a number of top-notch educational  institutions that cater to students of all ages.

– Canberra Primary School
– Sembawang Primary School
– Ahmad Ibrahim Primary School
– Wellington Primary School
– Endeavour Primary School
– Canberra Secondary School
– Sembawang Secondary School

Parents with younger children have many options in the area to attend both primary and secondary school. As a family friendly area there are a large number of pre-schools, nurseries and kindergartens all within walking distance of the development.

Executive Condominiums in Singapore are highly sought after

An executive condominium in Singapore is a hybrid residential project that is a combination of private and public. This means that the condominium is partially subsidised by the Singapore government, which means that buyers can expect a 20% to 30% discount compared to the surrounding complexes.

The fact that the prices are significantly reduced, as well as the fact that the public nature of the building means that the government contributes to the overall maintenance and future amenities, makes executive condos extremely rare in Singapore.

The Watergardens at Canberra Residence EC prices offer great value

A great advantage for all Singaporeans who own an executive condo like The Watergardens at Canberra Residence is that they benefit from lowered prices when they buy. Since the condos are subsidised by the government, they can expect prices as low as ¾ of other privately sold condos in the up-and-coming Sembawang region.

As Canberra and Sembawang continue their development to become a hub for family living while offering world-class amenities that Singaporeans love, The Watergardens at Canberra Residence EC represents a fantastic investment opportunity before the region is fully developed.

Also, due to the unique developments surrounding the condo, it has become an ultimate destination for family living. By owning a property in this condo, you have access to Canberra Link and Canberra Walk. You can also access the nearby Sembawang HDB Towns and Yishun. Its strategic location is connected to other unique residential areas, CBD and amenities. The condo is just a short walk away from Sembawang Shopping Centre where you can access retail shops, eateries and supermarkets. The use of private cars and public transport is also available.

The condo is ideal for parents with school aged children. Recognised schools are located in the vicinity of the condominium including Canberra Primary School, Canberra Secondary School, Sembawang Secondary School, Sembawang Primary School, Ahmad Ibrahim Primary School, Wellington Primary School, Endeavour Primary School and more. There are also quality kindergartens, nurseries and preschools near the condo and your children can enjoy quick access to these schools.

The Watergardens at Canberra Summary

✔ The condo is strategically located in an established residential area in Sembawang.
✔ The total land area is 296,721 sq ft.
✔ The property is connected to both Seletar Expressway and Sembawang Road.
✔ There are many amenities in the area, including Sembawang Primary School, Sembawang Shopping Centre, and more.
✔ The Watergardens at Canberra is located within walking distance of the Canberra MRT station.
✔ There are many good shopping malls in the area including the Sembawang Shopping Centre, the Sun Plaza Shopping Centre, and more.
✔ The new Sembawang Sports and Community Centre is expected to offer various indoor and outdoor sports activities.
✔ Some of the restaurants in the area include Sembawang Traditional Claypot Rice, Yishun 925 Chicken Rice, and Chong Pang City Wet Market & Food Centre.
✔ The Watergardens at Canberra is located near some of the most beautiful parks Singapore has to offer, including Yishun Neighbourhood Park, Canberra Park, and Sembawang Park.

Continue Reading CPR Asset Management’s Mr Aaron Chang’s Top Pick Asset for April to June (Asset Progression).

What is Real Estate Asset Management?

Large real estate portfolios often require specialized real estate asset management to help monitor and maintain the property portfolio. Whether you are an investor with a growing need for outside asset management for your real estate business or are simply interested in learning more about real estate asset management and how it works, this article explains what a real estate asset manager does, how it differs from a property manager, the pros and cons of working with a portfolio manager, and what investors should look for in an asset manager.

What does a real estate asset manager do?

In the real estate industry, an asset manager is responsible for reviewing and managing a real estate portfolio, analyzing the performance of individual investments, and identifying areas or opportunities for portfolio growth.

Large investment firms, such as an institutional investor or a hedge fund, have in-house asset managers who focus solely on improving the financial performance of the real estate investment. However, there are also external asset management firms that provide real estate investment management services to individual investors, which may include the following:

– Conducting financial analysis of the assets, including a real estate stress test, if required.
– Providing investment advice to property owners, including what capital improvements could be made to increase value or drive up rents, or ways to increase cash flow.
– Suggesting an investment strategy that can improve the performance of the investment based on the current real estate market.

What does a property manager do?

A property manager is responsible for the day-to-day management of an investment property, which may include the following:

– Recording and reporting rental income.
– Communicating with tenants.
– Handling leasing for new tenants.
– Expiration of leases, tenant move-outs, and inspection of vacant units.
– Coordinating improvements and repairs with outside real estate professionals.

What should you use?

While portfolio management is most commonly used with commercial properties, it can also be used by individual investors, especially those with large residential portfolios. However, an asset management company could be beneficial for anyone who is unable to consistently review and analyze the performance of their real estate assets and determine the best strategies to improve returns, regardless of the number of investments they own. Smaller investors, however, must decide whether the income or size of their portfolio justifies the cost of hiring a professional asset manager.

Investors seeking assistance with the day-to-day management of a property should focus on finding and hiring a suitable asset manager.

If you are able to consistently monitor your own portfolio, including acquisitions, dispositions, and investment strategy in the market at hand, then a professional portfolio manager is generally not worth the cost. As your portfolio grows in size or your properties become larger, your need for a property manager may change. If you feel you would benefit from a property manager, make sure you do your due diligence on the manager and the firm before entering into a contract.

Portfolio management involves asset allocation and selection made by experts in real estate development and maintenance. Selecting the right assets – in this case, real estate – should be consistent with the client’s investment strategy, risk tolerance and investment objectives, just as with any other type of investment portfolio. There are several factors to consider when selecting real estate for the portfolio, such as purchase price, maintenance costs, potential repairs, holding costs and, if possible, a sale price in the future.

However, an important point to remember about real estate portfolios is that most of the asset management takes place after the portfolio is selected.

A Property Asset Management Strategy & Plan

It is important to have a clear strategy over time to achieve these higher yielding property goals, rather than just bumbling along.

Even up front, it’s important to clearly define this end goal and whether it should translate into a higher value on paper or a higher rental yield in the shorter term and also the price you are willing to pay to achieve this goal, e.g. initial expenses for changes to the property.

You then need a plan to achieve this, including a realistic timeframe and how things should proceed in the right order.

This is where pure property management expertise can really help, something asset managers often overlook in the rush for deals and numbers.

An example how a real estate manager can benefit you, a landlord may want to take back the flats and treat them separately to get a higher return, but there can be all sorts of expensive issues to sort out, such as power supply and subdivision, and then separate access points and fire safety compliance, which could easily make things unprofitable.

At CPR Real Estate Asset Management, we have a group of dynamic professionals with expertise in providing a full range of management services such as property management, lease and rental management, advertising and promotion management, facilities management, financial and human resource management, and real estate development consulting services, to name a few.

We will discuss more on the various real estate developments that are worth spending your assets on.

Continue Reading What is Real Estate Asset Management?