Ascott Reit's Q3 revenue up 5%
CapitaLand’s wholly-owned subsidiary, Ascott Residence Trust (Ascott Reit) has announced that Q3 revenue hit S$46.5 million, up 5 percent compared to the same period last year, while unitholders’ distribution and distribution per unit (DPU) in Q3 were S$12 million and 1.85 cents,...
Continue Reading • 25 Oct 2010
CMT delivers steady Q3 results
CapitaMall Trust (CMT), a wholly-owned unit of CapitaLand Limited, has delivered steady Q3 results, with gross revenue in the third quarter climbing 6 percent to $148.2 million.The strong Q3 results were supported by higher rents from its mall, as well as contributions from Clarke Quay, which it...
Continue Reading • 25 Oct 2010
HK's private housing units doubled in Q3
The Hong Kong government announced that the construction and completion of residential units had both doubled in the third quarter, in an attempt to ramp up supply to dampen the overheated real estate market.The actual completion of private residential units climbed to 4,100 units in the third...
Continue Reading • 25 Oct 2010
FCOT's property income up 16%
Frasers Commercial Trust (FCOT) has posted a 16 percent year-on-year increase in net property income to $23.2 million in the fourth quarter this year, boosted by contributions from Alexandra Technopark, which it acquired in August last year.Contributions from two of the trust’s properties...
Continue Reading • 25 Oct 2010
Tougher regime means better protection for financial investors
Under the new Regulatory Regime for Listed and Unlisted Investment Products, retail financial investors will be required to prove that they know what they are getting into before they can buy certain investment products.However, the burden of the new regime falls on financial institutions, which...
Continue Reading • 22 Oct 2010
Asia-Pacific's Q3 property investment volumes up 8%
Asia-Pacific’s investment volumes in the commercial real estate market jumped 8 percent in Q3 to $29.6 billion, according a report released by DTZ Research.Singapore’s investment volumes exceeded the $3 billion mark recorded in 2008, while Malaysia’s investment volumes hit $1.9...
Continue Reading • 22 Oct 2010
UK's buy-to-let mortgage holders need government help
The UK government must offer support to buy-to-let mortgage holders if the private rental market is going to cope with the demand level in the country, said the National Landlords Association (NLA).David Salusbury, chairman of the NLA, noted that the social housing market is unlikely to cope with...
Continue Reading • 22 Oct 2010
Oxley to launch 5 projects before year ends
Property developer Oxley Holdings will likely launch five more residential and commercial property projects before the year ends.Ching Chiat Kwong, chief executive of Oxley, told The Business Times that it will launch freehold projects at Stevens Road, Devonshire Road, Kovan Road, Telok Kurau...
Continue Reading • 22 Oct 2010
Pasir Ris EC site attracts top bid of $89.89m
A land parcel at the junction of Pasir Ris Drive 1 / Elias Road has received a total of six bids, with a tie-up bid between ChoiceHomes Investments Ltd and CEL Development Ltd offering the highest bid of $89.89 million in a public tender that closed yesterday.“The top bid of $89.89 million...
Continue Reading • 22 Oct 2010
Keppel Corp's Q3 net profit up 8.4%
Keppel Corporation Limited has posted an 8.4 percent increase in profit to S$346.3 million for the three months that ended September 30 from S$319.6 million over the same period last year, driven by improved earnings and margins from its offshore business.For the nine months that ended September...
Continue Reading • 22 Oct 2010
Real estate firms start registering agents
Real estate companies have started registering their agents as the Council for Estate Agencies (CEA), the new statutory board established to regulate property agents in Singapore, begins operations today.New and existing real estate companies can apply to the CEA for new licenses starting...
Continue Reading • 22 Oct 2010
Malaysian speculators aggressively chasing profits
The Malaysian government has been urged to curb home price speculation to protect the low- and medium-income group, with some of them having saved up for years to buy a home.Teng Boon Soon, a member of Parliament, said the government should let healthy market mechanisms determine the price...
Continue Reading • 21 Oct 2010
CCT's distributable income up 7.9%
CapitaCommerical Trust (CCT), Singapore's first listed commercial real estate investment trust (REIT), has announced that its distributable income in Q3 rose 7.9 percent to $56.2 million year-on-year, driven by lower property tax and operating expenses.However, Q3 net property income dropped 1...
Continue Reading • 21 Oct 2010
Aussie banks look to avoid backlash
Major banks in Australia may be looking for ways to minimise potential PR problems by declaring the need to increase home loan rates.John Collett at the Sydney Morning Herald, said that several bank chiefs in the country, including Gail Kelly of Westpac and Ralph Norris of Commonwealth Bank have...
Continue Reading • 21 Oct 2010
Will China policies affect luxury property market?
The demand for luxury residential properties are likely to be only slightly affected by China’s strict controls on the overall residential market, said Colliers International in a report.Colliers based its conclusion on sustained purchasing power from diversified consumers and growing...
Continue Reading • 21 Oct 2010
China's land prices up
Chinese property developers bid prices of land up by over 46 percent week-on-week last week, dismissing concerns that the central government is serious about cracking down on property price increases.According to figures published by property website Soufun, property developers paid an average...
Continue Reading • 21 Oct 2010
Secondary home sales down in September
Private home transactions in the secondary market slowed down significantly in September over the previous month following the August 30 announcement of property cooling measures.Based on the analysis of URA Realis caveats data as of October 19, the number of subsales slid nearly 52 percent...
Continue Reading • 21 Oct 2010
Keppel Land posts robust growth in earnings
Keppel Land Limited, Singapore’s second largest property developer, has seen an 18 percent year-on-year increase in net profit to $204.8 million for the nine months that ended September 30, 2010, attributed to the recovery of Asian property markets on improved economic conditions.Net profit...
Continue Reading • 21 Oct 2010
Local investor sentiment up 5% in Q3
Investor sentiment in Singapore has rebounded in the third quarter despite the uncertainties of the Eurozone debt crisis, continued slowdown in the US economy and the potential threat of ‘currency war’, according to the Dashboard Survey released by global financial services group ING...
Continue Reading • 20 Oct 2010
PropertyGuru teams up with 99acres
PropertyGuru.com.sg, Singapore’s largest property website, has inked an agreement with India's premier property website 99acres.com. The deal makes India the fourth nation to be added to PropertyGuru’s international menu together with Australia, Hong Kong and Macau.The move is timely,...
Continue Reading • 20 Oct 2010