Residential Property
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RESIDENTIAL PROPERTY |
3 hours 44 min ago
96 reads
The site got a whopping 18 bids.
According to Colliers International, the outlook towards the residential market continues to be robust with 18 bids received for the private non-landed residential site located at Faber Walk.
The top bid at $156.7 million by World Class Land Pte Ltd, a unit of Aspial Corporation Ltd, reflects $687 per sq ft per plot ratio, a mere 1.1% and 1.9% above the second and third highest bidders, respectively. Read ››
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RESIDENTIAL PROPERTY |
4 hours 45 min ago
166 reads
And how it can be avoided.
According to National Development Minister Khaw Boon Wan, HDB’s rental flats are highly subsidised to help low-income families who do not have other housing options. Read ››
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RESIDENTIAL PROPERTY |
9 hours 17 min ago
403 reads
Quantum price for 1BR SOHO unit starts from $780K.
Singapore Business Review's spotcheck with agents found that showflat for this upcoming private residential project at Jurong East is now open since June 15. Read ››
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RESIDENTIAL PROPERTY |
9 hours 56 min ago
104 reads
Prime location near airport and city centre.
Keppel Land (KPLD) announced that it has acquired a 17.5ha residential site in Shanghai’s Seshan area for RMB1.33b (S$266m) on which it would develop ~200 landed homes with 250-350 sqm GFA, according to OCBC Investment Research. Read ››
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RESIDENTIAL PROPERTY, RETAIL |
10 hours 17 min ago
95 reads
Buys 70% stake in Shanghai property firm.
CapitaLand (CAPL) announced that it has paid RMB1.95b (S$397.5m) for a 70% stake in Shanghai Guang Chuan Property Co. Read ››
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RESIDENTIAL PROPERTY |
18 Jun 13
344 reads
Guess which one sold 366 units.
According to OCBC, the majority of sales continues to fall in the mass-market segment (Outside Central Region or "OCR") with 718 units sold, forming 49.8% of total sales and is flat MoM.
A key driver of OCR sales was the launch of Stratum (380 total units, Elias Rd) which sold 269 units at a median price of S$925 psf. Read ››
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RESIDENTIAL PROPERTY |
18 Jun 13
148 reads
More activity in RCR, CCR.
According to Colliers International, market exuberance has somewhat subsided with primary sales volume fluctuating in a relatively more sustainable band. Read ››
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RESIDENTIAL PROPERTY |
18 Jun 13
117 reads
The largest was the 380-unit Stratum.
According to Colliers International, launch volume in the Outside Central Region (OCR) slipped 8.1% to 702 units owing to the lack of major project launches for the second consecutive month. Read ››
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RESIDENTIAL PROPERTY |
18 Jun 13
197 reads
Will they withstand headwinds?
According to Jones Lang LaSalle, their full year forecast for developer sales is between 17,000 and 18,000. Read ››
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RESIDENTIAL PROPERTY |
18 Jun 13
173 reads
Primary sales expected to further slow down.
According to OCBC Investment Research, primary sales for FY13 will decline to around 16k - 18k compared to the 22k posted last year, which should discourage the government rolling out additional property curbs. Read ››
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RESIDENTIAL PROPERTY |
17 Jun 13
408 reads
Were they badly hit?
According to DBS, given the recent volatility in global bond markets and the negative spill over into equity and currency markets, investors will be closely monitoring the FED’s guidance and intentions on asset purchases from the outcome of this week’s FOMC meeting.
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RESIDENTIAL PROPERTY |
17 Jun 13
470 reads
REITs hit 5-year highs.
According to Cushman & Wakefield, global announcement of macroeconomic data will continue to produce very short-term price volatility - however overall sentiment for the sector remains favourable. Read ››
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RESIDENTIAL PROPERTY |
17 Jun 13
170 reads
After a depressing April.
Bloomberg reported that Singapore’s home sales rose 5.4 percent in May as developers marketed new projects, according to the Urban Redevelopment Authority. Read ››
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RESIDENTIAL PROPERTY |
17 Jun 13
206 reads
3 of them are home sites.
According to a release, government will release three residential sites and two commercial & residential sites estimated to yield 3,600 housing units in June 2013
To provide developers and home-buyers with more choices for private housing, the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) will be releasing three residential sites and two commercial & residential sites for sale in June 2013 under the Government Land Sales Programme (GLS) for 1st half 2013 (1H2013).
Read ››
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RESIDENTIAL PROPERTY |
14 Jun 13
237 reads
They've also diversified funding sources.
According to DBS Vickers, a hike in borrowing rates would increase interest expense via the REIT’s exposure to floating interest rates. Read ››
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RESIDENTIAL PROPERTY |
13 Jun 13
10857 reads
Monthly rent costs over $7 psf.
Singapore Business Review compiled the rentals of non-landed residential buildings with at least 10 rental contracts signed in the first three months of 2013. Read ››
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RESIDENTIAL PROPERTY |
13 Jun 13
136 reads
It has penetrated 78 cities.
According to OCBC, over the last month, Ascott Limited secured two management contracts in Wuxi, China (the 134-unit Ascott Central Wuxi and 169-unit Somerset Wuxi), one contract in Riyadh, Saudi Arabia (the 230-unit Ascott Olaya Riyadh) and two in Jeddah, Saudi Arabia (the 166-unit Citadines Tahlia Jeddah and 136-unit Citadines Al Salamah Jeddah).
This carries on a track record of robust growth for CAPL’s serviced residence business where the number of owned/managed units has grown at a CAGR of 13% since 2000. Read ››
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RESIDENTIAL PROPERTY |
13 Jun 13
523 reads
Only a few commercial units left.
Singapore Business Review's spotcheck with agents found that the mixed development sold all its residential units for $1,705 psf on the average in just two weeks. Read ››
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RESIDENTIAL PROPERTY |
12 Jun 13
449 reads
Is it still smart to invest?
According to OCBC, S-REITs appear to be oversold in the short term. Read ››
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RESIDENTIAL PROPERTY |
12 Jun 13
838 reads
Current fears an "over-reaction", says DBS.
According to DBS, S-REITs continue to have the ability to grow distributions that will compensate for the rise in long bond yields, and mitigate some of the negative impact. Read ››
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RESIDENTIAL PROPERTY |
12 Jun 13
311 reads
See its battle plan for growth.
CapitaLand will join more land tenders in Singapore and focus on key cities in China, the company revealed in a presentation to investors at Nomura Investment Forum Asia in Singapore. Read ››
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RESIDENTIAL PROPERTY |
11 Jun 13
426 reads
They go on diverging paths.
According to Maybank Kim Eng, being an open economy, Singapore’s interest rate environment is highly influenced by global factors, and has a high correlation to the U.S.
Fed Funds rate’s direction. Read ››
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RESIDENTIAL PROPERTY |
11 Jun 13
344 reads
Bigger scale means bigger competitive advantage.
According to OCBC Investment Research, CapitaLand Ascott Limited has bagged multiplecontracts to manage serviced residence in the Philippines, China and Saudi Arabia. Read ››
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RESIDENTIAL PROPERTY |
10 Jun 13
159 reads
Urbanisation rate grows at 1ppt yearly.
According to Maybank Kim Eng, in their efforts to diversify abroad, most developers have come to the natural conclusion that it is imperative to have some exposure in China – the world’s largest domestic market. Read ››
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RESIDENTIAL PROPERTY |
10 Jun 13
736 reads
How bad could things be?
According to Maybank Kim Eng, cap rates for commercial properties are likely to rise on the back of higher costs of borrowing. Read ››
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RESIDENTIAL PROPERTY |
07 Jun 13
631 reads
For 4th month in a row.
According to the SRX Property Index (SPI), based on the non-landed residential rental SPI sub-index, overall rental prices for non-landed private residential in May 2013 slipped 0.6% from April, marking a fourth consecutive monthly drop in overall rents. Read ››
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RESIDENTIAL PROPERTY |
07 Jun 13
1129 reads
After a constant $2,400 rent.
According to the SRX Property Index (SPI), in May 2013, overall HDB Cash-Over-Valuation (COV) dropped $4,000 to end at $26,000. Read ››
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RESIDENTIAL PROPERTY |
07 Jun 13
2152 reads
Despite prices dipping 0.5%.
According to the SRX Property Index (SPI), resale transaction volume remained relatively low. Read ››
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MARKETS & INVESTING, RESIDENTIAL PROPERTY |
07 Jun 13
438 reads
Make the investment switch, urges Maybank.
Maybank Kim Eng advised investors to switch out of REITs to property developers with sizeable presence in China due mainly to the possibility of higher interest rates, which will impact the domestic property market. Read ››
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RESIDENTIAL PROPERTY |
06 Jun 13
382 reads
They're already down 9.4%.
According to Maybank Kim Eng, they expect the current “QE-inflated growth” to run out of steam in the months ahead and S-REIT prices will continue to rationalize.
"Despite our regional economics’ team’s expectations that QE will persist through 2013, the fact that Bernanke’s mere hint of QE tapering on 22 May had driven the S-REITs down by 9.4% by 3 Jun showed how jittery investors have become with yield plays," Maybank Kim Eng said in a report. Read ››
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RESIDENTIAL PROPERTY |
05 Jun 13
286 reads
And the 2 big factors behind correction.
According to OCBC, there are two key factors driving the dramatic correction in the S-REITs sector over the last two weeks.
First, increased expectations that the Federal Reserve could taper its bond purchases as early as 2H13; and secondly, the market going into opportunistic profit-taking on the back of a strong performance over 2012-13. Read ››
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RESIDENTIAL PROPERTY |
05 Jun 13
439 reads
Singapore property prices just too expensive.
Southeast Asians are displaying a strong interest in Australia properties amidst growing concern over expensive domestic property prices in Singapore, Malaysia, Thailand and Indonesia, according to online property group PropertyGuru's latest South-East Asia property sentiment survey, the Property Affordability Index. Read ››
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RESIDENTIAL PROPERTY |
04 Jun 13
1756 reads
3,500 units already completed as of April.
The Housing Board is eyeing to complete 18,400 private residential units by this year, said National Development Minister Khaw Boon Wan. Read ››
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RESIDENTIAL PROPERTY |
04 Jun 13
2705 reads
Interest rate jitters is one.
According to OCBC Research, the past two weeks has seen a huge correction in the SREITs sector which the research firm attributed to a possibly earlier-than-expected Federal Reserve curtailment of bond purchases, as well as profit-taking after last year's bull run. Read ››
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RESIDENTIAL PROPERTY |
03 Jun 13
519 reads
First-timers will enjoy priority allocation.
According to a release, HDB will offer 4,900 BTO flats over eight projects in five non-mature towns, namely Choa Chu Kang, Hougang, Jurong West, Sembawang, and Woodlands. Read ››
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RESIDENTIAL PROPERTY |
03 Jun 13
365 reads
They're most vulnerable to shocks.
According to Maybank Kim Eng, it goes without saying that the REITs are the most vulnerable to rate shocks. Read ››
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RESIDENTIAL PROPERTY |
31 May 13
138 reads
He is currently the deputy CEO of the Company's parent, The Ascott Limited and will be the CEO of The Ascott Limited effective 1 June 2013. Read ››
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RESIDENTIAL PROPERTY |
31 May 13
116 reads
Philip Lam Bing Lun resigns as non-executive director, while Yang Yonggang and Song Yiqing as executive directors. Read ››
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RESIDENTIAL PROPERTY |
31 May 13
106 reads
He has been a public accountant with Ernst & Young LLP, Singapore for 35 years. Read ››
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RESIDENTIAL PROPERTY |
31 May 13
BY SINGAPORE MANAGEMENT UNIVERSITY
682 reads
The catch phrase “location, location, location” is often cited by the real estate industry as crucial to closing a deal. Read ››
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