Singapore Real Estate Cooling measures review: Market stability an important factor Market stability is key when assessing property cooling measures and the government will review these policies when the risks are "less or manageable", Home Affairs and Law Minister K Shanmugam said on Wednesday. http://www.channelnewsasia.com/news/singapore/property-measures-averted/2485278.html http://www.straitstimes.com/singapore/housing/govt-will-relook-property-curbs-when-risks-go-down JLL warns of further correction in property prices Residential property prices in Singapore could fall by 4 to 6 per cent a quarter, going by past correlation studies with the stock market, said investment management firm JLL on Wednesday. In fact, recent declines in the domestic stock market could signal a further correction in property prices in the months ahead - especially since stock market movements typically lead property market movements by one to two quarters. http://www.businesstimes.com.sg/real-estate/jll-warns-of-further-correction-in-property-prices Hilton hotel to replace all external false ceiling after scare http://www.channelnewsasia.com/news/singapore/hilton-hotel-to-replace/2483474.html New Great Eastern office in Westgate Tower in Jurong Companies' Brief FCL's Q1 profit hit by timing of project completions Frasers Centrepoint Ltd (FCL) has posted a 47.2 per cent drop in net profit for the first quarter ended Dec 31, 2015, to S$98.65 million. Revenue slipped 37.3 per cent to S$671.63 million. Profit before interest, taxation, fair-value change and exceptional items (PBIT) fell 24.4 per cent to S$210.99 million. http://www.channelnewsasia.com/news/business/singapore/frasers-centrepoint/2484488.html http://www.straitstimes.com/business/companies-markets/fcl-may-list-reit-with-aussie-assets Metro chief operating officer Lawrence Chiang appointed acting group CEO Lawrence Chiang, the chief operating officer of retail and property group Metro Holdings, has been appointed the acting group chief executive following the death of managing director Jopie Ong. "Mr Chiang has been with the Metro group since 1989 and has extensive knowledge of its operations. He has been the group general manager since 2007 before being redesignated as the group chief operating officer in 2013," Metro said in a release to the Singapore Exchange on Wednesday night. Mapletree Greater China Commercial Trust Mapletree Greater China Commercial Trust (MGCCT) reported a solid set of Q3 2016 results which came in within our expectations. However, we are increasing our cost of equity assumption on MGCCT from 8.2 per cent to 8.7 per cent to take into account the heightened volatility seen in the financial markets in recent weeks and growth concerns emanating from China. This results in our fair value estimate being lowered from S$1.10 to S$1.03. http://www.businesstimes.com.sg/companies-markets/brokers-take-220 JLL appoints director to oversee regional growth strategy JLL has hired Jonathan Davis as part of the firm's plans to export and grow its South-east Asia business. Mr Davis is the former managing director of Cushman & Wakefield China. He joins JLL as national director, business operations, South-east Asia, starting March 1. Global Economy & Global Real Estate AEPim unit buys Brisbane CBD office tower A private property fund managed by Singapore-based AEP Investment Management (AEPim) has picked up a 27-storey freehold office tower in the Brisbane CBD for A$159 million (S$160.7 million). The price for 41 George Street works out to A$5,307 per square metre or A$493 per square foot based on a net lettable area of 29,960 sq m (322,486 sq ft). The yield works out to about 8.5 per cent. http://www.businesstimes.com.sg/real-estate/aepim-unit-buys-brisbane-cbd-office-tower Hong Kong property stock gloom seen deepening in options market Ridiculously low rents for Rome apartments to end http://www.businesstimes.com.sg/real-estate/ridiculously-low-rents-for-rome-apartments-to-end Manila sets US$300m tag for new casinos outside capital http://www.businesstimes.com.sg/real-estate/manila-sets-us300m-tag-for-new-casinos-outside-capital Germany to offer tax cuts to boost home building http://www.businesstimes.com.sg/real-estate/germany-to-offer-tax-cuts-to-boost-home-building Unfinished resort leaves Bahamas in the lurch http://www.businesstimes.com.sg/real-estate/unfinished-resort-leaves-bahamas-in-the-lurch Lowe's Agrees to Buy Canada's Rona for $2.3 Billion in Cash You Can Buy a Czech Castle for $13,000 http://www.bloomberg.com/news/articles/2016-02-03/you-can-buy-a-czech-castle-for-13-000 |