CapitaLand Ltd basking in beneficial spin-off
The shares of CapitaLand Limited climbed by as much as 4.9 percent Tuesday driven by news that the real estate company will be spinning off its retail portfolio worth $20.3 billion into a separate SGX-listed entity.CapitaLand’s shares rose after analyst reports said that spin-off was...
Continue Reading • 7 Oct 2009
Asian banks to control property prices
Adopting a more belligerent stand to prevent the formation of asset bubbles, regulators and Asian central banks initiates to control the property price increases.Last month, South Korea and Singapore have already started to tighten the governing rules of loans to the property sector. Soon, the...
Continue Reading • 6 Oct 2009
Developers getting ready for project launching
At present, developers have been busy in preparing for their projects’ launching. However, the project’s release, which could be made by the end of this year or on the following year, will depend upon the conditions of the market, 'ground feedback' to be received from prospective...
Continue Reading • 6 Oct 2009
CapitaLand to have unit listed with SGX
CapitaLand Limited, one of the largest real estate firms in Asia, intends to have its wholly-owned subsidiary, CapitaLand Retail Limited, listed on the Singapore Exchange (SGX).CapitaLand (SGX: C31), a property developer headquartered in Singapore, will channel its real estate investment trust...
Continue Reading • 6 Oct 2009
Q3 Flash private residential property price index released
Singapore’s Urban Redevelopment Authority (URA) officially released Thursday the flash price index (based on estimates) of private residential properties for Q3 2009.According to the URA’s price index for private housing units, prices surged from 133.3 points in Q2 2009 to 154.5...
Continue Reading • 5 Oct 2009
Refinance properties in Q4
The 2006-09 period has been quite a ride thus far. Property prices surged some time in 2006 until 2007, followed by the sub prime housing debt’s blow-up in ‘07. In ‘08, several near collapses of substantially sized financial institutions like Bear sterns, Lehman Brothers,...
Continue Reading • 5 Oct 2009
More executive condos offered for buyers
Despite growing plea for a review, the household income ceiling of $8,000 for benefits of public housing will remain.However, an offer of more executive condominiums (ECs) is being offered by the Government to deal with the needs of those middle-income buyers, whose monthly income ranges from...
Continue Reading • 5 Oct 2009
Increase in price for Singapore private homes
Based on the preliminary government data, which was released Thursday, there was a 15.9 percent surge in prices of Singapore private homes during Q3 from Q2. It also highlighted concerns regarding the present bubble in the property market.Last month, the government of Singapore announced that it...
Continue Reading • 2 Oct 2009
IMF - Slow recovery in global economy
With Asia as the leader, the world economy is quickly recovering than what is anticipated from the financial recession and crisis, stated yesterday by the IMF. However, it indicated the danger of the financial crisis growing in economies where the authorities heavily spent to stimulate growth,...
Continue Reading • 2 Oct 2009
Private property index reflects high popularity
In a complete turnaround from the decreases in the price index over the last four quarters, URA’s price index flash estimate for the third quarter in 2009 shows a promising recovery taking place. The estimated 154.5 is a relatively whopping 15.9% increase over the second quarter’s...
Continue Reading • 1 Oct 2009
New office spaces added in Q3
According to the most recent Singapore Property Market Report written by DTZ consultant – a global real estate adviser – new office space with an estimated record of 1.19 million sq. ft. was added during the third quarter of the year.This addition made an increase of two percent in...
Continue Reading • 1 Oct 2009
Market capitalisation jumps in Q3
The stock market capitalisation of Singapore soared up 17.7 percent to $641.7 billion during the entire third quarter of 2009, which had ended yesterday, 30 September, from the recorded $545 billion at the end of the second quarter last June.When stock trading came to its end yesterday, the total...
Continue Reading • 1 Oct 2009
Aztech ventures out on property development
The volume of small firms venturing out of their main business to yield huge bets on real estate development is another burning sign for residential housing market. Aztech, an electronics maker, is the most recent company to venture into boutique property development. It joins the likes of...
Continue Reading • 1 Oct 2009
Decline in industrial property rental value
For four straight quarters in three months ended September, there was a marked decline in Private industrial property rents, although the pace of deterioration has already moderated.The monthly average gross rental value for first-storey private conventional industrial space is shown in the data...
Continue Reading • 1 Oct 2009
3 prime locations for landed homes
West Coast / Pasir PanjangThis area is not only near higher learning institutions like The National University of Singapore, it is also just a 15- to 20-minute drive away from the CBD.The opening of West Coast Plaza, VivoCity and other shopping malls added much life, vibrancy and vigor to this...
Continue Reading • 30 Sept 2009
S-REIT’s outlook remains negative
In a latest special report, Fitch Ratings noted that most of the Singapore-listed real estate investment trusts (S-REITs), which are benefitted from the recent recovery of the share price, have refinanced all their maturing debt obligations for this year. However, there are still questions that...
Continue Reading • 30 Sept 2009
CapitaLand-linked entities gain full ownership
Linked units of CapitaLand have gained full control of China’s 22 Wal-Mart anchored malls under the deal of asset swap. The agreement on asset swap is between CapitaRetail China Development Fund II and CapitaRetail China Development Fund, and the SZITIC Commercial Property Co (SCP) in China...
Continue Reading • 30 Sept 2009
Q3 private home sales may set record
Real estate adviser DTZ stated that this year’s private homes sales in Singapore are expected to exceed 2007’s record of 14,811 home units sold. The property consultancy firm said in a report that a "frenzied" activity level was seen in the property market in Q3 of 2009. The...
Continue Reading • 30 Sept 2009
GIC rises after 20% fall
While the global equities and bonds markets dropped, the Government of Singapore Investment Corporation’s portfolio incurred a 20-plus-percent loss in terms of Singapore dollars at the end of the first quarter of 2009 as compared to the same period a year ago.GIC, which manages the foreign...
Continue Reading • 29 Sept 2009
Hundred Trees delivers as other projects falter
While the demand for units at several other developments appeared to waver, last week’s sales at Hundred Trees Condominium exceeded expectations by leaps and bounds as the West Coast condo sold an astonishing 316 units, about 25 percent of which were transacted under the interest absorption...
Continue Reading • 29 Sept 2009