Residential Property
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RESIDENTIAL PROPERTY |
25 Mar 13
265 reads
Blame it on easing asset values.
According to Maybank Kim Eng, following the end of the 2008-2009 Great Financial Crisis (GFC), retail and office properties saw prices appreciate 13% and 35%, respectively, in 2010-2012. Read ››
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RESIDENTIAL PROPERTY |
25 Mar 13
205 reads
And even though its value has dropped 10%.
According to Barclays, China earlier this month announced fresh measures to rein in home prices. Read ››
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RESIDENTIAL PROPERTY |
25 Mar 13
2446 reads
Guess which new condo is the largest this year.
A list provided by the SLP International Property Consultants show that 30 new condominiums are launching this year housing a total of 5,474 units. Read ››
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RESIDENTIAL PROPERTY |
21 Mar 13
2214 reads
3 very essential reasons.
According to CIMB, there are essentially three reasons why property buyers from Singapore have shunned Iskandar in the past. Read ››
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RESIDENTIAL PROPERTY |
21 Mar 13
771 reads
Especially as 75% of portfolios have to be profitable.
According to Fitch Ratings' special report on Singapore REITs, the threat of higher vacancy rates looms over most of the SREIT sector. Read ››
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RESIDENTIAL PROPERTY |
21 Mar 13
845 reads
Own it for less than $30M.
Location : GCB ,Good Class Bungalow Off Holland Road
Land Area: Approx 15,090sqft
Built-up Area: Approx 10,000sqft
Bedrooms: 6 bedrooms + Gym + Theatre
Guide Price: $28.5 M
Tenure: Freehold. Read ››
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RESIDENTIAL PROPERTY |
21 Mar 13
11793 reads
Only 708 units were sold.
According to CIMB, URA reported that 708 new private homes (excluding executive condos or ECs) were sold in Feb, down 64% mom and 62% yoy. Read ››
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RESIDENTIAL PROPERTY |
20 Mar 13
626 reads
Mortgage servicing ratio will be affected.
According to Barclays, should rates rise 30-40bps within a year, say from 1.5%, for a 30-year S$800k loan assuming an 80% LTV on a S$1mn loan, its Mortgage Servicing Ratio (MSR, or the ratio of income paying the monthly mortgage), now at 28% of a S$10,000 household income, would rise 5% or just 1ppt to 29% of income. Read ››
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RESIDENTIAL PROPERTY |
20 Mar 13
254 reads
Thanks to over 1,070 sold units in latest launches.
According to Barclays, URA data showed that February developer sales have plunged 65% m/m to 708 units on 1) January measures (steep increases in Additional Buyers Stamp Duty and lower Loan-to-Value) taking effect; 2) developers launching 85% fewer new projects as they took stock of the new measures; and 3) Chinese New Year festivities (Feb 10).
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RESIDENTIAL PROPERTY |
20 Mar 13
276 reads
But it'll be gradual, it said.
According to Barclays, one of their banks analysts, Sharnie Wong, expected mortgage rates will rise independent of US interest rate hikes, due to tightening system liquidity in Singapore and should MAS raise mortgage risk weightings. Read ››
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RESIDENTIAL PROPERTY |
19 Mar 13
278 reads
What could be the risks?
According to Fitch Ratings' special report on SREITs, the availability of low-cost debt and the demand for dividend distributions in an environment of falling asset yields is leading to an increasing use of debt in Singapore Real Estate Investment Trust (SREIT) funding mixes.
The increasing leverage of SREITs poses several risks to the sector, including refinancing risk and exposure to interest-rate shocks. Read ››
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RESIDENTIAL PROPERTY |
19 Mar 13
129 reads
Possible culprit for the 62% sales drop.
According to CIMB, new home sales collapsed 62% yoy in Feb, possibly due to the lack of new launches, the CNY lull period and the recent policy curbs. Read ››
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COMMERCIAL PROPERTY, RESIDENTIAL PROPERTY |
18 Mar 13
125 reads
95% of proceeds going to property development.
Catalist-listed Sysma Holdings Limited (Sysma) has announced a proposed renounceable non-underwritten Rights Issue of up to 95,000,000 new ordinary shares (rights shares) at an issue price of S$0.17 for each Rights Share on the basis of one Rights Share for every one existing ordinary share. Read ››
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RESIDENTIAL PROPERTY |
18 Mar 13
317 reads
S$1,400 – S$1,550 psf units sold like hotcakes.
Out of the 310 units released for Urban Vista -- a residential development by Bayfront Realty Pte Ltd (a joint venture between mainboard-listed Fragrance Group Ltd and World Class Land Pte Ltd) -- 250 (or over 80%) have been sold in just over the 3-day launch period. Read ››
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RESIDENTIAL PROPERTY |
18 Mar 13
398 reads
They're free of ABSD duties.
According to PropNex, new home sales volume for March 2013 is expected to pick up as developers step up on their new project launch activities especially after the January’s cooling measures with City Developments’ (CDL) mega 912-unit condominium D’Nest in Pasir Ris has already been readied for launch at a reasonable mass market price. Read ››
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RESIDENTIAL PROPERTY |
18 Mar 13
451 reads
Here's what a successful bidder could expect.
International property consultant, Colliers International is re-launching for collective sale Lam Soon Industrial Building, which is located at 63 Hillview Avenue. Read ››
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RESIDENTIAL PROPERTY |
15 Mar 13
314 reads
Lowest sales volume in a year.
Commenting on the latest monthly Residential Developers data, Knight Frank said that new policies posed a greater impact on the residential market with developers only selling a total of 708 new private residential units (excluding Executive Condominiums) in February 2013, almost one-third the sales volume in February 2012. Read ››
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ECONOMY, RESIDENTIAL PROPERTY |
15 Mar 13
124 reads
Further property restrictions could be imposed.
Moody's Analytics' Alistair Chan noted that the quick recovery in China's housing market appears to have surprised the central government, which announced a 20% tax on second home sale profits in early March, causing a scramble across the country as people rushed to register sold houses before the deadline (or get divorced to evade the second home restriction). Read ››
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RESIDENTIAL PROPERTY |
15 Mar 13
256 reads
D'Leedon's 166 units were taken.
According to PropNex, in February, the top selling projects were—D’Leedon sold 166 units with median prices of $1,540psf, The Topiary (EC) sold 84 units at a median price of $730psf, Residences sold 74 units at median price of $1,041psf while 85 units were sold at One Canberra (EC). Read ››
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RESIDENTIAL PROPERTY |
15 Mar 13
200 reads
Here's why it isn't surprising.
According to PropNex, February saw a 65% dip M-on-M in the number of private home sales to just 708 units (excluding ECs), this figure was not surprising as February was a short month and it also included the Lunar Chinese New Year (CNY) which was typically a lull period in terms of new launches and transactions. Read ››
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RESIDENTIAL PROPERTY |
15 Mar 13
1553 reads
One is offering 7% additional discount.
D'Nest
D'Nest, a joint project by Hong Leong, CDL and Hong, is holding a VVIP Preview today (March 15). Read ››
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RESIDENTIAL PROPERTY |
14 Mar 13
112 reads
And application criteria will be more flexible.
According to the Ministry of National Development, supply of public rental flats to increase by 20% to 60,000 flats. Read ››
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RESIDENTIAL PROPERTY |
14 Mar 13
387 reads
Buy a unit at unbelievably low price.
D'Nest, a joint project by Hong Leong, CDL and Hong, is holding a VVIP Preview tomorrow (March 15). Read ››
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BUILDING & ENGINEERING, RESIDENTIAL PROPERTY |
13 Mar 13
90 reads
That's in spite of lower revenues.
Catalist-listed Sysma Holdings Limited (Sysma) or “the Group”) announced a 17.7 per cent increase in net profit to $3.1 million for the half year ended 31 January 2013 (1HY2013), compared to $2.6 million for the corresponding period last year (1HY2012). Read ››
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RESIDENTIAL PROPERTY |
13 Mar 13
237 reads
But CCR units dropped 4.7%.
According to SRX, prices of resale, non-landed private residential units increased 2.7% in February 2013 when compared with January 2013. Read ››
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RESIDENTIAL PROPERTY |
11 Mar 13
1073 reads
Time to re-examine key policies.
According to a speech by Minister Khaw Boon Wan at Committee of Supply Debate, after 50 years of public housing, it is good to re-examine some old assumptions and re-visit some key policies.
For certain, the next 50 years will be different from the last 50 years. Read ››
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RESIDENTIAL PROPERTY |
11 Mar 13
238 reads
Instead of dipping to $1.479b.
According to Nomura, Jardine Matheson reported FY12 recurring profits of USD1.479bn, -1% y-y. Read ››
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RESIDENTIAL PROPERTY |
11 Mar 13
540 reads
4 new areas to be developed.
According to Minister for National Development Khaw Boon Wan and Senior Minister of State Lee Yi Shyan, MND is planning to develop 4 new areas over the next 5 years. Opening of new towns offers greater latitude in design and planning resulting in each new town being an improvement over older ones like Punggol New Town. Read ››
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RESIDENTIAL PROPERTY |
11 Mar 13
322 reads
Quota in this category will be doubled.
According to Minister for National Development Khaw Boon Wan and Senior Minister of State Lee Yi Shyan, second timer quota for 2-room and 3-room flats in non-mature estates will be doubled.
The quota for flats in non-mature estates will increase from 15% to 30% this year. Read ››
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RESIDENTIAL PROPERTY |
11 Mar 13
568 reads
Their monthly income must be up to $5,000.
According to Minister for National Development Khaw Boon Wan and Senior Minister of State Lee Yi Shyan, first Timer Singles aged 35 and above and earning up to $5000 a month will now be allowed to buy new 2-room flats directly from HDB. Read ››
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RESIDENTIAL PROPERTY |
11 Mar 13
102 reads
130,000 households will benefit.
According to a release, Senior Minister of State for National Development Lee Yi Shyan announced the extension of the Enhancement for Active Seniors (EASE) programme to all HDB towns. Read ››
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RESIDENTIAL PROPERTY |
09 Mar 13
128 reads
Just a tiny 1% decline from 2011.
In its preliminary results review, Jardine Matheson said its revenue for 2012, including 100% of revenue from associates and joint ventures, was US$60.5 billion, compared with US$57.3 billion in 2011. Read ››
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RESIDENTIAL PROPERTY |
08 Mar 13
278 reads
They won't be badly hurt by new tax rules.
According to Knight Frank, most HDB flats will not be affected by the new tax rules since monthly gross rental of HDB flats are generally below $2,500, translating into gross annual rental income below $30,000.
The maximum new property tax rates from 2015 applicable for properties with AV below $30,000 are 4 per cent and 10 percent for owner-occupied and non-owner-occupiedproperties, respectively. Read ››
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RESIDENTIAL PROPERTY |
08 Mar 13
352 reads
It'll be another tough year.
According to Knight Frank, they expect year 2014 to be a challenging year for the residential property market with the high number of homes to be completed. Read ››
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RESIDENTIAL PROPERTY |
08 Mar 13
304 reads
Yearly rent is below $55,000.
According to Knight Frank, shoe-box units, which command lower prices compared to bigger units in the same locations, could likely benefit from the new tax policies unless they are unable to find tenants.
Almost all shoe-box units sized 500 sq ft and below have annual gross rent less than $55,000. Read ››
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RESIDENTIAL PROPERTY |
08 Mar 13
275 reads
Prices have soared over last 2 years.
According to Knight Frank, from the government’s viewpoint, a progressive property tax structure allows greater social equity without hurting economic competitiveness or reducing the incentives for enterprises.
With an increase in the progressiveness of the property tax system and higher property tax rates for high-end residential properties and especially investment properties, the government is aiming to ensure social fairness. Read ››
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RESIDENTIAL PROPERTY |
07 Mar 13
406 reads
Especially with a slew of 86,000 units.
According to Knight Frank, with the removal of property tax refund concession, property investors will inadvertently face higher risk from higher taxes. Read ››
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RESIDENTIAL PROPERTY |
07 Mar 13
786 reads
Encouraging progress updates and pre-IPO interest.
Here's more from OCBC:
Read ››
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RESIDENTIAL PROPERTY |
06 Mar 13
164 reads
Firm attributes decline to falling land prices.
The Singapore Exchange inquired China New Town Development Company Limited about its worsening profit margin despite unit costs for land development in Shanghai Luodian and Shenyang Lixiang projects were kept unchanged. Read ››
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RESIDENTIAL PROPERTY |
06 Mar 13
188 reads
She will take charge of the company's Risk Management and Assurance. Read ››
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