Residential Property
Keppel Corp’s net income slipped 21% in Q3 as property revenues plummet
Property sales slowed in both Singapore and China.
Chart of the Day: Singaporeans’ tight wallets have shrunk new homes in size by almost 50%
It’s a huge trade-off.
Risks intensify for Keppel Land as ASEAN exposure grows
Its earnings will be volatile in the near term.
Singapore’s public housing supply to be slashed by 25% starting 2015
Only 16,000 BTO flats will be launched.
Keppel Land’s property trading profit plunged 34.6% in September
Blame it on higher tax expenses.
First REIT profit climbs a record-breaking 6.1% this year
After its May acquisition.
Chart of the Day: See this year’s dismal performance in REIT as developer sales crash 52%
Outlook remains to be negative.
Luxury condos recorded extremely dismal sales in September
Only a single unit was sold in one project.
Chart of the Day: New home sales crashed to 47.6% in September 2014
Levels are a far cry from 2012’s peaks.
Private home sales plunged 52% in the first three quarters of 2014
Only 648 homes were sold last month.
Ultra-rich buyers scouting for cheap luxury units as sellers’ fatigue sets in
Sellers are now more than willing to negotiate.
Singapore’s battered private residential sector shunned by picky investors in Q3
Its investment sales value plunged for the 5th straight quarter.
Private residential property prices to plunge 20% by 2015
Vacancy rates will hit a record-high 10%.
Singapore’s private home prices and rents decline further in September
As resale and rental volumes increased by double digits.
Daily Briefing: Property auction sales reach $70m; Singapore unhealthy air quality hits 106
And Pakistani teenager Malala Yousafzai wins Nobel Peace Prize.
Flat glut to intensify as shoebox condos flood the market
The price cut mania will escalate.
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