2016‎ > ‎

April 2016

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 DateHighlights 
 2nd, 3rd & 4th April

Top Stories

  • Strong national identity 'key for Singapore to get to SG100'
  • Budget 2016 targets help at companies, families who need it most
  • Nine-day Budget debate starts on Monday

Singapore Real Estate

  • Slower decline in home prices in Q1
  • Two-speed market develops for private-home prices
  • Going flat out to turn smart-home vision into reality
  • Dorm operators get more creative
  • Landlord-Anchor tenant relationship in the spotlight
  • New developments underway at Seletar Aviation Park
  • Property portals flourish despite subdued market

Companies' Brief

  • CEO of Reit manager believes in venturing beyond comfort zone
  • Eights ways for SMEs to tap Budget 2016
  • Lower consent threshold for collective sales
  • Setting the tone from the top (Pg 30)

Global Economy & Global Real Estate

  • US indices look set to test record highs - Fed permitting
  • More US households renting homes, across all income levels
  • China lands itself a property headache
  • Anbang checks out of proposed Starwood buy
5th AprilTop Stories
  • Businesses should rely on their own wits, less on government
  • Pressing need for all to help workers: Chan Chun Sing
  • Singaporean core does not mean S’poreans only, says Chun Sing
  • Singapore Economy
  • Benefits of fiscal boost will take time to filter through, say economists
  • MPs flag challenges of more targeted approach
  • There's still room for one chamber to rule them all, says industry

Singapore Real Estate 

  • Tan Tock Seng descendants put Cuscaden Rd site up for sale
  • Singapore property losing some shine: UBS
  • Companies' Brief
  • SPH Reit maintains Q2 DPU on steady performance

Views, Reviews & Forum

  • A productive approach to transforming industries

Global Economy & Global Real Estate

  • 'Tactical value' seen in Australia and Japan real estate: UBS
  • UK building trade in March at its weakest in nearly a year
  • HNA Agrees to Buy Controlling Stake in Tysan for $340 Million
  • Former Kimco CEO and Orangewood Start Real Estate Finance Firm
  • Confidence Reaches 2016 High as Canadians Keep Faith in Housing
  • London to Get Megalandlord With 4,000 Homes
  • Saudi Arabia Enters Homebuilding Business to Tackle Shortage
  • Frasers Property Australia sells office building to BlackRock for A$45.5m
6th AprilSingapore Economy
  • De Souza calls for ABSD to be removed for S'poreans

Singapore Real Estate

  • Asia Square could sharpen CCT's edge
  • EC with 'smart homes' to be ready in 2019
  • Difficult retail conditions show in Q1 rental dip: DTZ
  • SRX Property expands into valuation service
  • Frasers Property Australia sells office building to BlackRock for A$45.5m
  • LinkedIn to open US$80m data centre in Singapore
  • Alpha fund buys rest of 78 Shenton Way
  • Frasers Centrepoint

Companies' Brief

  • Singapore Real Estate Investment Trusts
  • SingHaiyi's controlling shareholder strikes share deal with OKH Global
  • Tee Land
  • Views, Reviews & Forum
  • Day 2 of Budget debate turns focus to people
  • Budget 2016: Is focus too long term?
  • Bidadari the next Bishan?

Global Economy & Global Real Estate

  • Lower GDP growth in US reflecting weaker productivity
  • Aussie education sector draws investors, boosts economy
7th AprilTop Stories
  • Swee Keat: Embrace spirit of enterprise

Singapore Real Estate

  • AccorHotels, K Line, Bunge among new tenants at Guoco Tower
  • SISV rejects computer-generated valuations
  • Tough retail scene exacts toll on shops and landlords
  • Tangs goes for exclusivity as it refashions business
  • 77th Street founder turns to logistics amid retail shake-up
  • New Look, Celio to exit Singapore market
  • Property 2016 (Pg41-62)

Global Economy & Global Real Estate

  • High-end condo in KL centre looks to launch M'sia's 1st en masse sale
  • AccorHotels buys luxury home rentals company
  • UK residential market still sound despite potential 'Brexit'
8th AprilTop Stories
  • Global economic uncertainty to last for next 3-5 years: Hng Kiang

Singapore Economy

  • Sectoral, company-level help to tackle economic challenges: Iswaran
  • Budget 2016: Businesses must take next step

Singapore Real Estate

  • SRX's HDB resale price index continues flattish performance
  • OUE dangles 15% discount for Twin Peaks condo
  • CBD office rents fall for third straight quarter
  • Digestible plot size helps draw bids for Sembawang Park site tender
  • GIC buys 25% of French property firm

Views, Reviews & Forum

  • Property needs both valuation models
  • Mortgage planning: Investment vs own-use property

Global Economy & Global Real Estate

  • Croesus Retail acquiring mall in Hiroshima
  • Bulk buyers of apartments in London getting 20% discounts
  • Manhattan renters get a break after two years of surging costs
  • Inside the Stunning, Luxury Homes of Architect Annabelle Selldorf
  • UK home prices surge but Halifax flags Brexit uncertainty
9th, 10th & 11th AprilTop Stories
  • Short-term rental: It's in the phrasing of contracts
  • MAS eases rules on ETF transactions
  • MAS not likely to slow appreciation of Singdollar: Economists
  • WWII tale unravels at Adam Park bungalow

Singapore Economy

  • Govt committed to helping SMEs, says Heng Swee Keat
  • Retain values that have served us well: Heng Swee Keat
  • Strong start in Q1 for Singdollar bonds

Singapore Real Estate

  • Property agents who broker short-term stays playing with fire
  • Some condos being run as serviced apartments
  • OUE offers deferred payment for Twin Peaks
  • Interest from local, overseas players in Cuscaden property
  • 2014 accord is subject of Ngee Ann Devt-Takashimaya dispute

Companies' Brief

  • Sherman Kwek named Deputy CEO of CDL

Views, Reviews & Forum

  • Relook housing type as means-testing criterion
  • Tackling Singapore building security in early stages of design, construction
  • Do property curbs help or hurt?
  • Giving heartland shops a bit more buzz

Global Economy & Global Real Estate

  • Shenzhen, Shanghai home sales plunge after rules tightened
  • Toronto condos: one in 10 owned by foreigners
  • Prices of homes in London's outskirts surge ahead of fast rail network
  • Multigenerational homes that fit just right
  • Pain in India's real estate market spells opportunity for Godrej
  • Dubai to build tower taller than Burj Khalifa
  • Poland banks might spread out mortgage conversion costs
  • Plan for wooden 'toothpick' skyscraper in London
12th AprilTop Stories
  • Tengah to be developed into a 'Forest Town'
  • Too early to unwind cooling measures: Lawrence Wong

Singapore Economy

  • Keep looking up - the economy depends on it
  • Annual value of home ‘best available proxy’ in means-testing

Singapore Real Estate

  • CIT sells Tuas property for S$16.5m, mulls more divestments
  • Woh Hup bags job for Aspial's JV Citygate project
  • More details unveiled on home scheme for rental flat families
  • Heartland retailers to get more financial support for upgrading: MND
  • 3: Helping second-timers who are rental tenants to buy flat
  • Developers will need to incorporate needs of pedestrians, cyclists: MND
  • Details revealed for Fresh Start Housing Scheme to help rental flat dwellers

Companies' Brief

  • Kwek Leng Beng's son named CDL deputy CEO

Views, Reviews & Forum

  • Hawkers affected by upgrading could be given rental remission: MEWR

Global Economy & Global Real Estate

  • 'Singapore estates' in China face cloudy future
  • Hwa Hong unit invests in London market
  • Turmoil in the Indian property market spells golden opportunity for developer Godrej
  • Panama Papers another body blow for weak prime London property market
  • London's luxury-home pipeline would cover Hyde Park twice
  • China buyers double Aussie property investments again
  • Luxury-Rental Plan Abandoned at Manhattan's One57 Condo Tower
  • Pavarotti’s $20.5 Million Apartment With 40-Foot Terrace on Central Park
13th AprilTop Stories
  • Global economy risks slowing to stalling speed: IMF
  • More receive grants for HDB flats

Singapore Economy

  • Singapore needs to stay ahead while pursuing Smart Nation vision: Vivian Balakrishnan

Singapore Real Estate

  • Prices of private resale flats up 0.3% in March
  • Sharp rise in resale private home sales
  • Tengah's attraction 'lies in rejuvenation plans, low prices'
  • Houzz makes play for S’pore’s S$10b home-design market

Global Economy & Global Real Estate

  • Luxury-rental plan abandoned at Manhattan's One57 condo tower
  • Luxe London home mortgages highest in 10 years
  • Goldman mortgage settlement is much less than meets the eye
  • Design Features That Sell Your Home Faster, for More Money
  • IMF cuts global growth forecast again
  • Global economy risks slowing to stalling speed: IMF
  • Luxury-rental plan abandoned at Manhattan's One57 condo tower
14th April

Top Stories

  • M&A increasingly favoured as internationalisation strategy
  • Singapore Economy
  • Monetary Authority of Singapore sets zero appreciation path for Singdollar with switch to neutral policy stance
  • MAS eases monetary police in surprise move, adopts neutral, 0% exchange rate stance
  • Singapore economy grows 1.8% in Q1, just beating expectations: Flash estimates
  • Review choice of home used in means-testing

Singapore Real Estate

  • Rental transactions jump in March: SRX
  • The Ascott launches prized selection of properties
  • FCL launches new executive condo in Sembawang

Companies' Brief

  • Keppel DC Reit posts 3.7% rise in Q1 DPU

Views, Reviews & Forum

  • Property curbs help the average Singaporean

Global Economy & Global Real Estate

  • IMF urges govts of advanced economies to use fiscal policies to support demand
  • Malaysia's EPF plans to double property assets
  • CRCT's net property income rises 6.2% in Q1
  • Frasers Property Australia
  • Mori to spend 400b yen building 3 Tokyo towers
15th April

Top Stories

  • MAS stuns market by flattening Singapore dollar policy band
  • Weak Q1 data prompts full-year downgrades by economists
  • Despite MAS move, Singdollar remains Fed-driven: analysts
  • Halt in Singdollar's rise seen only during recession
  • MAS easing: core takeaways
  • New scheme to encourage corporate giving
  • Type of home no longer an accurate measure of wealth

Singapore Real Estate

  • Cheung Kong Property eyeing GLS sites
  • Public invited to submit ideas for redeveloped Funan DigitaLife Mall
  • HK developer sees opportunity in S’pore property, despite cooling measures

Companies' Brief

  • AA Reit awards redevelopment of Tuas property to Boustead
  • Perennial turns to court amid rift with Pontiac over Capitol Singapore
  • Guocoland attractive candidate for privatisation
  • Enlarged unit base sees Keppel Reit trimming Q1 DPU by 1.2 per cent
  • Soilbuild Reit's Q1 DPU down 4.7%

Views, Reviews & Forum

  • Office space: Where do we go from here?

Global Economy & Global Real Estate

  • Evergrande may have become too big to fail
  • Entire Australian village is listed for sale
  • NY commercial property market goes cold
  • The global economy is in a fragile state
  • Got $13.7m to spare? This Aussie village could be yours 
16th, 17th & 18th AprilTop Stories
  • Singapore developers stay sanguine about top China cities
  • Sing$ easing unlikely to boost exports
  • Sing$ surprise not a bad idea
  • Shoppers rein in spending on US goods as Singdollar weakens

Singapore Real Estate

  • New private home sales hit 8-month high
  • Will 'new' Funan still have the IT factor?
  • $17.5m offer to buy decades-old Beauty World Food Centre

Companies' Brief

  • Ascott Reit posts 1.1% rise in Q1 distributable income; DPU dips
  • CapitaLand Mall Trust's DPU up 1.9% for Q1

Views, Reviews & Forum

  • Investors spooked by 'overvalued' properties

Global Economy & Global Real Estate

  • $23m price tag for new Chicago penthouse
  • IMF: China may have $1.8 trillion of risky loans
  • Tax benefits of US homeownership no longer a draw for buyers
  • Tech threatens US property agents' commissions
  • Activist calls for more development in San Francisco
19th AprilSingapore Real Estate
  • Two new Sembawang ECs pull in the crowds

Companies' Brief

  • Keppel's Q1 profit falls 42%
  • New acquisitions drive First Reit's Q1 growth, DPU up 2.4%

Views, Reviews & Forum

  • Data centres, logistics bright spots for 2016 industrial demand

Global Economy & Global Real Estate

  • GIC, S Korean partner to build Incheon mall
  • UK house prices hit record
  • Easing measures boost China home prices further
  • Buy a Condo, Get a Private Jet: Luxe Amenities Reach New Heights
20th April

Top Stories

  • Singdollar likely to lag behind in region: Analysts
  • Singapore dollar shakes off last week's losses against the greenback

Singapore Real Estate

  • Punggol’s new mall opens, but old woes remain

Companies' Brief

  • Keppel shares up; analysts warn of long drought
  • CapitaLand Q1 net profit up 35.4% to S$218m

Views, Reviews & Forum

  • Widening gap between home prices
  • Singapore property may be heading for long-term drop in value

Global Economy & Global Real Estate

  • Poor housing data adds to signs of weak Q1 GDP growth
  • Australia's No 3 estate agent gives earnings downgrade
  • Dubai property prices down 10% in Q1: JLL
  • London first-quarter home presales drop 33%
  • Best housing sentiment since 2014 lifts Canadian confidence
  • China's property market recovering from deep slump
  • No Wi-Fi, unknown location - but tiny house vacation is a hit
  • What causes housing in the US to be too expensive?
  • Hong Kong malls search for new identity after golden decade ends 
21st April

Top Stories

  • Architects also hurting from real estate woes
  • Singdollar rallies, interest rates fall on US$ weakness

Singapore Real Estate

  • Shops and shophouses overtake residential units in auctions
  • CapitaLand pays S$2.7 million extension charge for The Interlace

Companies' Brief

  • CapitaLand's net profit for Q1 rises 35.4% to $218.3m
  • Manulife's Reit IPO in Singapore back on track

Views, Reviews & Forum

  • Makeshift patching will not fix defects of S'pore's housing market
  • Fewer homes put up for auction in Q1, interest switching to shophouses: Knight Frank

Global Economy & Global Real Estate

  • Gulf's biggest buyer of US property to double investments
  • Dubai developer Nakheel posts 8% rise in first-quarter profit
  • Hotel called a blight on Brooklyn to be auctioned off
  • Office rents in London skyscrapers up 10% in H2 2015
  • Distressed property sales in Europe at 3-year low
  • Manila rushing to auction 8 infrastructure projects
  • HK malls facing new challenges in retail slump
  • This 300-Foot-High Skybridge Comes With Its Own Pool
  • Sales of previously owned homes rebound in March 
22nd AprilTop Stories
  • Lifting curbs 'not key to property sector's outlook': Lawrence Wong
  • Q1 deals may signal market for Good Class Bungalows looking up

Singapore Real Estate

  • CDL heading to Indonesia to promote Gramercy Park
  • Adelson thinking about selling MBS retail assets next year
  • Developers get creative with sales pitches
  • MBS' results hit by poor luck and strong greenback

Companies' Brief

  • Suntec Reit's Q1 DPU up with help from Park Mall sale
  • Properties boost Q2 earnings for Frasers Commercial Trust
  • Guocoland

Views, Reviews & Forum

  • S’pore still top choice for Asia-Pacific regional HQs

Global Economy & Global Real Estate

  • Crystal City, once cast off by Washington, reinvents itself
  • American Copper Buildings almost done
  • Tokyo interior design and real estate companies cater to cat lovers
  • How Hadid's firm plans to move on
  • Property taxes for foreign buyers to more than double in Victoria, Australia
  • Hamptons Home Sales Hit Three-Year Low on Wall Street Turbulence
23rd, 24th & 25th April

Top Stories

  • Private home prices in muted fall: URA index
  • Suburban condo rents fall closer to HDB price levels
  • HDB, suburban condo rental gap shrinks

Singapore Real Estate

  • Retail rents fall further as vacancies creep up
  • Office rental decline accelerates
  • Shopping mall vacancies in town highest in 5 years
  • HDB resale prices in Q1 stay flat
  • Can't be 'business as usual', say retail industry stakeholders
  • Japanese brands doing well despite local retail slump

Companies' Brief

  • 40% of Sturdee Residences' units sold in VIP preview
  • On the move: China Yuanbang Property Holdings
  • Frasers Centrepoint Trust's Q2 DPU up 2.6%
  • UIC's quarterly earnings slip 2% to $59.7 million

Views, Reviews & Forum

  • Look at resale condos as value is emerging
  • GST voucher not for citizens with more than one property
  • Three phases of retirement for the affluent

Global Economy & Global Real Estate

  • Victoria to more than double property tax for foreign buyers
  • Developers Are Turning Rust Belt Hulks Into Luxury Hotels
  • Elite homeowners in Paris seek end to pain with Socialist loss 
26th April

Singapore Economy

  • Fall in housing, transport costs pulls CPI down again
  • Singapore tourism industry to get S$700 million boost over next five years

Singapore Real Estate

  • 100 AM mall in Tanjong Pagar to be new home for Parco
  • 25% of Qingjian's EC units sold at weekend launch
  • More launches in the offing as residential market picks up
  • Singapore property investment sales tumble 74% to $1.75b in Q1 from previous quarter: DTZ
  • HDB flats more affordable despite shorter loan tenures
  • More HDB flats approved for subletting as resale prices fall

Companies' Brief

  • Mapletree Industrial Trust's DPU rises 6% for Q4

Global Economy & Global Real Estate

  • Heeton, KSH, Lian Beng venture buys 5th property in Britain
  • Germans flock to property as interest rates fall and rents rise
  • China's 2 largest developers make move to re-list on mainland bourse
  • A One-of-a-Kind Modernist Estate in Brazil for $11.5 Million
  • Sales of new homes down for a third month in March
  • Developers unfazed by Kuala Lumpur's office space glut 
27th April

Top Stories

  • S'pore in 'sweet spot' as politics and policies work constructively together: PM Lee

Singapore Economy

  • The top error firms make in a downturn

Singapore Real Estate

  • Almost 1 in 3 high-end Singapore condos sold at a loss in Q1
  • New rule allowing better use of excess carpark space

Companies' Brief

  • Higher DPU in Q4 for Mapletree Commercial Trust
  • PLife Reit Q1 DPU falls in absence of one-off distribution
  • Soilbuild Construction Group
  • Housing Development Board

Views, Reviews & Forum

  • Orchard malls not biting on grants for underground links

Global Economy & Global Real Estate

  • Prince's old villa in Spain unsold after 2 years
  • Australian property obsession becomes election battleground
  • Reason to be sceptical about China's rebound in residential investment
  • 30 Chelsea Barracks homes in London sold at £4,500 psf
  • Prince's Old Villa in Spain Remains Unsold
  • A One-of-a-Kind Modernist Estate in Brazil for $11.5 Million
  • UK hospitality trade boosts Rowsley's Q1 earnings 
28th AprilTop Stories
  • The tripartite way to beat economic blues
  • Singapore Economy
  • Labour pains flagged in central bank's macroeconomic review
  • Singapore's slow economic growth environment expected to continue: MAS
  • Singapore sees broader weakening in economic activity
  • $700 million investment in tourism: A shot in the arm for industry

Singapore Real Estate

  • Blackstone to buy into three Sime Darby properties worth S$300m
  • Courts' Causeway Point outlet gets versatile layout
  • KepLand releasing new block at Highline condo
  • 4 blocks in Ang Mo Kio to be torn down
  • Cautious consumers, falling retail sales, high cost and strong dollar leading to empty malls
  • Singapore fashion label Raoul closes boutiques to focus on wholesale business
  • Style news: Audemars Piguet reopens at Liat Towers
  • No Tenants … And No Shoppers

Companies' Brief

  • Far East H-Trust warns of challenging operating environment
  • First Sponsor's Q1 profit rises 14%
  • AA Reit posts higher Q4 DPU; warns of pressure on rents

Global Economy & Global Real Estate

  • Higher rents, new properties lift Ascendas India in Q4
  • Bank of England won't hesitate to act on housing risks: deputy chief
  • Lone Star raises US$5.9b for real estate pte equity fund
  • Opening of new mall to add to South Africa's retail space glut
  • Brazil recession likely to fuel higher mortgage defaults: Moody's
  • America is finally putting the home foreclosure crisis behind it
  • Heilongjiang cuts land sales, offers buyers subsidies
  • Australian lenders clamping down on foreign buying of homes
  • Aussie banks rein in home loans to foreigners
  • Luxury Renters in New York Finally Have Leverage to Negotiate
  • $25 Million St. Barth's Estate Comes With a Mountainside Tennis Court
  • China's corporate debt problem needs urgent attention: IMF
  • Rent boosts MGCCT's Q4 earnings
  • The Business Times, E-paper, Page 6
  • Britain's high-street retailers face shopping slump
29th April

Singapore Economy

  • Layoffs ease in Q1 from Q4; Over half from services sector
  • NTUC to step up help to wider group of workers
  • More job losses expected despite improved unemployment rate: MOM
  • Integrated North-South Corridor to be ready in 2026
  • Faster bus rides to city from the north with North-South Corridor

Singapore Real Estate

  • Private-home resale prices dip 1%
  • Opportunity for industrialists in slowdown, uncertainty: JTC
  • Prices, rentals of Singapore industrial space extend decline in Q1 as vacancy rate hits 9.9%
  • URA, estate agency body probing potential breach of minimum-stay rule
  • Keen interest seen for Martin Place site
  • URA launches tender for condo site at Martin Place
  • Genting Singapore dissolves Macau unit
  • CIT in tie-up to explore Australian opportunities
  • The next big thing in real estate investment

Companies' Brief

  • Ho Bee's Q1 profit up 59.8% at S$18.46m
  • AIMS AMP Capital Industrial Reit's Q4 DPU is 2.95 cents
  • Viva Industrial Trust

Views, Reviews & Forum

  • Foreign workers being lured here for non-existent jobs a concern, say NGOs

Global Economy & Global Real Estate

  • Ascott buys into London property via joint fund with Qatar
  • RM200b bonanza for M'sian builders draws top fund
  • London luxury hotels in worst year since 2009 on terrorism risk, Brexit 
30th AprilTop Stories
  • Govt to provide support as industries transform
  • Right skills for right jobs 'key in future economy': PM Lee's May Day message
  • Singapore well-equipped to handle slowdown

Singapore Economy 

  • Up to S$200m boost for NTUC education fund
  • Services sector pessimistic about next 6 months
  • Labour Movement to develop strategy of ‘employment insurance’: Chan Chun Sing
  • S'pore bank lending falls for 6th straight month in March

Singapore Real Estate

  • Shophouses draw keen investor interest
  • Malls sweeten lease deals amid tricky retail scene
  • Frasers to open 10 properties in China
  • FEH keen to expand brand to Australia, NZ
  • The Straits Times Classified, PROPERTY

Companies' Brief

  • Mapletree Commercial Trust
  • Mapletree Logistics Trust's Q4 DPU falls 2.7%
  • Frasers Hospitality Trust's Q2 DPS falls 3.6% to 1.33 cents
  • CDL Hospitality Trusts reports 9% drop in Q1 DPS
  • Comparing Reit fees: two cases of anomalies
  • Richard Magnus to succeed Danny Teoh as chairman of CMTML

Views, Reviews & Forum

  • Condo sales terms favour developer

Global Economy & Global Real Estate

  • IMF warns of severe headwinds from weak global recovery
  • In Rome, cheap public housing hid for years in plain sight
  • Saint Petersburg celebrates its unique communal flats
  • Housing recovery sees great divide around Atlanta
  • HK March home prices fall for sixth straight month
  • Casino sells Vietnam unit to Central Group for 1b euros
  • Berlin curbs Airbnb rentals to cool market
  • Sony Building to stay as office block after all
  • Cloud hangs over US housing rebound
  • China's HNA to buy owner of Radisson hotel chain
  • Meet the Jerry Maguire of Real Estate
  • HK luxury retailers look to Macau for expansion
  • Australia to block sale of farmland to Chinese
  • Centurion to buy four UK student dorms