Real News‎ > ‎2014‎ > ‎

August 2014



















































Singapore Economy 

              ·         Singapore should plan for population of 10m

·         Labour market still tight in Q2, layoffs down


Singapore Real Estate

              ·         Bad home loans flow through to UOB NPLs

·         Price drop unlikely to derail longer-term property outlook

·         Industrial space oversupply seen worsening

·         More engagement with Dakota Crescent residents affected by redevelopment


Real Estate Companies' Brief

              ·         Soilbuild's Q2 earnings down 11%

·         Roxy-Pacific reports 17% jump in Q2 earnings

·         OUE Hospitality Q2 DPS beats forecast


Views, Reviews & Forum

              ·         Whither property prices?


Global Economy & Global Real Estate

              ·         Mandarin Oriental hit by Thai unrest

·         Londoners cashing out, selling houses in city

·         India's Bengaluru posts record home sales

·         China’s smaller developers take a hit in weak market

·         Australian digital ad firm invests in iProperty

·         Mayoral mansion dresses down for new occupant

·         Twitter’s NYC Headquarters Sells for $335 Million

·         Cheung Kong’s Profit Rises 59% as Home Sales Rebound

·         Carmila Agrees to Buy $1.3 Billion Malls From Unibail-Rodamco

·         Billionaire Packer Seeking Vegas Return in Oaktree Talks

·         India Plans to Open $20 Billion REIT Market: Real Estate

·         Londoners Cashing in Flee to Suburbs as Home Rally Wanes

·         BOE’s Broadbent Says ‘Edge Is Coming Off’ U.K. Housing

       ·         U.K. House-Price Growth Hits 15-Month Low as New Rules Take Hold 


Singapore Economy

              ·         MTI replies: Restructuring at a balanced pace


Singapore Real Estate

              ·         Prices of resale strata offices set to rise

·         Housing loans not affected by softer property market

·         Frasers Centrepoint unveils huge, new mall

·         Help for 100,000 more HDB households

·         Toa Payoh to get image change with new homes


Real Estate Companies' Brief

              ·         Lacklustre property sentiment hits OUE's Q2

·         Sino Construction to buy another coal firm


Views, Reviews & Forum

              ·         Boost to growth not reflected in polls

·         The new economy: Too fast, too furious?


Global Economy & Global Real Estate

              ·         HK developers' H1 profits rebound as sales pick up

·         ‘Some edge coming off’ housing market in UK

       ·         Freddie Sells $659 Million of Debt in First Soured-Mortgage Deal 


Singapore Economy

              ·         S'pore 'must stay the course' on restructuring


Singapore Real Estate

              ·         Larger flats bear brunt of slow resale market


Global Economy & Global Real Estate

      ·         China Services Index Drops to Six-Month Low on Property 


Singapore Real Estate

              ·         S'pore developers make waves abroad

·         From sleepy suburb... high-traffic hub


Real Estate Companies' Brief

              ·         ARA eyes investments in Australia and Korea

·         Skill and luck playing out in ARA's private funds

·         New Turf City operator got into property accidentally


Views, Reviews & Forum

            ·         Relaxing the curbs - a question of timing (Views from the Top)


Global Economy & Global Real Estate

       ·         London Renters Win in Billionaire Backyard as Prices Soar 


 Top Stories

           ·         Premature to lift property cooling measures, says Khaw Boon Wan

·         Taming Singapore's property market

·         Govt may regulate escalator maintenance: BCA


Real Estate Companies' Brief

           ·         CapitaLand Profit Rises 14% on Investment Property Revaluations

·         PLife Reit scouring region for new opportunities

·         ARA Asset's Q2 earnings up 36% as revenue rises 17%

·         GLP takes 15% stake in China state-owned firm

·         German office Reit with Chinese backer to raise S$369m in IPO


Global Economy & Global Real Estate

              ·         Pritzker plans US$104m hotel project in Seattle

·         Packer makes another try in Las Vegas

·         Compliance costs boost loan outsourcing

·         Blackstone Said to Face Higher Costs for Rental-Home Bet

·         New York Probes Ocwen Over Home Insurance Deals

·         Nigerian Diaspora Turns Mandarin Hotel Into Town Hall Debate

·         U.K. Homebuilding Expands at Fastest Rate Since 2003

·         Danes Break Debt Trap of World’s Most Indebted Households


Top Stories

               ·         326 households on Enhanced Lease Buyback Scheme: Khaw


Singapore Real Estate

             ·         Land acquisition: Owners to get better compensation

·         Tough market prompts more property agency tie-ups


Real Estate Companies' Brief

              ·         CapitaLand Q2 sales slide

·         Far East H-Trust Q2 DPU lower

·         GLP sees longer-term benefit from Chinese investment

·         PCRT's DPU remains at 0.95 cent

·         S$246.8m valuation loss hits Forterra Trust's Q2 results


Global Economy & Global Real Estate

            ·         Extra Space takes majority stake in Taiwan company

·         Paris luxury hotel scene booming

·         NorthStar to Buy Griffin-American REIT for $3.4 Billion

·         Assurant Promotes Eric Greenman to Oversee $16 Billion

·         Zillow Tops Analysts’ Estimates for Second-Quarter Sales

       ·         InterContinental Earnings Decline on Lower Revenue 


Singapore Real Estate

              ·         Gross rental yields in uptick for first-half 2014

·         Leng Beng's elder son buys Jervois Rd GCB for S$18.8m

·         OCBC eyeing new home loan customers via video contest

·         MOM punishes 174 companies for workplace safety violations


Real Estate Companies' Brief

            ·         Singapore Reits' winning streak appears to have faded

·         Heeton's Q2 earnings down 29.8%

·         CapitaLand

·         CapitaMall Trust unit issues S$300m notes

·         ERA and friends dance their way to new Singapore record


Global Economy & Global Real Estate

              ·         Malaysia facing a towering problem

·         Malaysia Builders Hit by Tax Amid Worst Slump Since 1998

·         China developers sit tight as land prices stay high

·         Swiss property market inching closer to bubble, says UBS

·         M-Reits unfazed by quarter-point rate hike

·         Demand from China to stay strong: Aussie realty

·         China and housing loans in focus at banks' Q2 results

·         China Home Glut May Worsen as Developers Avoid Price Drop

·         Blackstone's Hilton LBO hits sweet spot

·         Self-storage trusts are the hottest Reits in US

·         Start-up uses Web to help towns market their property

·         US real estate website Zillow's Q2 sales rise 68% to US$78.7m

·         Foreigners Expanding Australian Property Options, Invesco Says

·         Irish Ready to Quiz Bankers Amid Concern That Bubble Back

·         BofA Said to Near Mortgage Deal for Up to $17 Billion

·         Self-Storage Magnates Cash In on the Surge in Real Estate

·         Cantor to Buy Ranieri Distressed-Commercial-Loan Manager

       ·         U.K. House Prices Rise at Fastest Pace Since 2006 


Top Stories

               ·         Singaporeans need to continue to be competitive: Manpower Minister

·         49 years of Singapore's successes through risks

·         Plugging into the World Economy


Singapore Real Estate

·         Soft bids for Sengkang sites signal further weakening of private housing market

·         Sales volume of strata-titled offices up 22.8% in 1H

·         HDB resale flat prices dip for 6th straight month: SRX

·         FCL on track to acquire Australand

·         Singapore’s evolving cityscape


Real Estate Companies' Brief

               ·         Hotel Properties Q2 net profit dives

·         Hiap Hoe warns of net loss in second quarter


Global Economy & Global Real Estate

               ·         3 possible locations for third Sino-S'pore project

·         More Chinese cities relax property curbs

·         China developers’ reluctance to cut prices likely to hamper growth

·         Sunset Boulevard getting 21st century makeover

·         Annaly Sours on Commercial Buildings Seeing Cranes Pop Up

·         An ambitious but subtle facelift for a French beauty

·         U.K. House Prices Rise to Record as Sales Surge

·         Developer Who Sued Zuckerberg Cites E-Mail Showing Offer

·         Brookfield Weighs Sale of Stake in NYC’s Brookfield Place

·         Default Risk Rises on 20% of Boom-Era Home-Equity Loans

       ·         U.S. Mortgage Rates Rise With 30-Year at 4.14% 


Singapore Economy

            ·         Singapore economy grew 3.5% in H1; full-year growth seen at 2.5% to 3.5%

·         Newer structures shaping Singapore’s identity too


Singapore Real Estate

        ·         Govt right to keep cooling measures in place: PropertyGuru CEO

·         UOL seeks land with 'strong growth story'

·         Pinnacle of HDB flat resales soon?

·         Renting may be better option when aiming for a school

·         Heritage buildings given new lease of life

·         Realtors joining forces to survive sluggish market


Real Estate Companies' Brief

              ·         Lippo Malls Indonesia upbeat on outlook; Q2 DPU down

·         IReit Global IPO to add diversity, say analysts

·         Global Logistic Properties


Global Economy & Global Real Estate

             ·         Skyscrapers show capitalism at its worst - and most sublime

       ·         Blackstone Said to Seek $1 Billion From Industrial IPO 




Singapore Real Estate

               ·         Roxy sitting pretty as it casts its net wide

·         Luxury hotels do fine despite fewer tourists


Global Economy & Global Real Estate

              ·         GST, property slump hit UEM Sunrise margins

·         India Sets Norms to Open $20 Billion REIT Market

       ·         London House-Price Growth to Cool to 3% in 2015, Hampton’s Says 


Singapore Real Estate

               ·         July private home resale volume flat

·         Little risk of home loans hitting local banks, says Maybank

·         Property firm on S'pore alert list shutters its doors


Real Estate Companies' Brief

           ·         Ho Bee Q2 earnings down 53% on absence of disposal gain

·         Strong operational profits at Frasers Centrepoint

·         Sino Construction posts profit warning


Global Economy & Global Real Estate

               ·         Some China developers likely to default

·         Rise in London home prices seen slowing to 3%

·         India finally opens US$20b door to spin off Reits

·         RBS said to be giving up half its space in HK's Central district

·         Norway's wealth fund buys another London property

·         JPMorgan Said to Consider Moving Site of NYC Headquarters

·         Realogy Forms Division to Manage Single-Family Rentals

·         Inland American to Spin Off Hotels Into Public REIT

·         Hedge Funds Boost Bad-Loan Prices as U.S. Sales Increase

·         Mexico’s Construction Industry Posts First Expansion Since 2012

       ·         Canada Housing Surprises Again With July Starts Increase 


 Singapore Economy

               ·         2.4% growth in Q2 as most sectors slow down

·         Fall in productivity not a setback, says MTI


Singapore Real Estate

               ·         Time to review cooling steps, say property players

·         Singapore's CBD sees shifting mix of tenants: Jones Lang LaSalle

·         Office, retail segments to lure investors

·         Malls may use tech to track shoppers' habits


Real Estate Companies' Brief

               ·         Strong support for IReit Global's IPO

·         Frasers Centrepoint


Global Economy & Global Real Estate

               ·         Guocoland M'sia surges on privatisation talk

·         Home-Price Gains Slow in Most U.S. Cities

·         Damac Profit Climbs 18% as Dubai Property Market Rebounds

·         First-Time Buyers Shut Out of Expanding U.S. Home Supply

·         SIG Earnings Advance 21% as U.K. Construction Strengthens

·         Trump Says He Is Looking for India Hospitality Investments

·         Dubai’s Hotels Have the Most Vacant Rooms in 18 Years

·         Starwood Waypoint Buys Delinquent Loans in $218.7 Million Deal


Singapore Real Estate

              ·         Singapore Housing Purchases Drop as Rates Poised to Rise

·         S'pore tops Asia in Q2 office rental gains

·         H1 subsales come after long holding periods

·         Most profitable CCR subsale in H1 yields S$3m gain

·         Queenstown rolls out heritage plan


Real Estate Companies' Brief

              ·         Global Logistic bags new lease agreements

·         IReit Global rises 1.7% on IPO debut


Views, Reviews & Forum

              ·         Punggol residents can look forward to more facilities


Global Economy & Global Real Estate

              ·         Overhaul ahead for Zell's Equity Commonwealth

·         Trump goes on the prowl in India

·         Mori raises 13b yen in 10-year bonds

·         Japanese rush into flexi-rate mortgages raises concerns

·         Dubai hotels sink to 18-year low - more than half empty

·         China's Wanda to launch foray into Australia

·         Fresh signs of softness in China property market

·         Parkroyal hotel wins int'l building prize

·         Goldman in bid for 165b yen Tokyo office deal

·         Health Care REIT to Buy Canada’s HealthLease Properties

       ·         Zell Tackles Overhaul at Equity Commonwealth: Real Estate 


Top Stories

           ·         New technologies to boost building productivity: Khaw

·         Push for cleaner, quieter and faster building methods

·         Khaw: 5 steps to promote adoption of smarter technology in construction sector


Singapore Real Estate

               ·         CDL steps up diversification plan

·         UOL makes UK debut with £97m purchase in heart of London

·         Brazil denies links with property firm EcoHouse

·         Six new precincts among plans to enhance Sentosa’s appeal

·         Unlocking the value of homes for the elderly


Real Estate Companies' Brief

               ·         Absence of fair-value gain hits Centurion Q2 profit


Views, Reviews & Forum

              ·         Punggol residents can look forward to more facilities


Global Economy & Global Real Estate

              ·         London property boom losing momentum

·         Modular home builder in Brooklyn hard-pressed to find new home

·         HK-listed firm plans casino in Saipan

·         London leads UK housing slowdown

·         Dubai's top two builders turn to bank borrowings

·         Xi’s graft crackdown drives funds into Aussie property

·         Swire Properties’ Profit Beats Estimate on Rents, Home Sales

·         Australia Lures Foreign Buyers Driving Deals: Real M&A

       ·         San Francisco Office Rents Seen Topping Manhattan in 2015 


 Singapore Real Estate

               ·         Property counters, hopes for ECB stimulus lift STI

·         Developers hard-pressed to price projects modestly

·         New private home sales remain sluggish

·         One in eight EC units left vacant in Q2

·         Home prices near new MRT stations set to rise

·         Property scam costs law firm $105,200

·         Affected residents sad but resigned to moving out

·         Law firm, property agent and seller all in the wrong


Real Estate Companies' Brief

               ·         City Developments


Global Economy & Global Real Estate

              ·         Property fund eyes NY's next hot district

·         Wealthy Chinese moving money into Aussie real estate

·         Paulson Adds to Puerto Rico Real Estate With AIG Building

·         NYC’s Next Hot Neighborhoods Targeted With Property Funds

·         Samsung Buys Startup SmartThings to Move Into Smart Homes


Singapore Real Estate

              ·         Delay in opening of Ng Teng Fong General Hospital


Global Economy & Global Real Estate

               ·         London Home Asking Prices Plunge Most in More Than Six Years

        ·         China Vanke First-Half Profit Rises 5.6% on Smaller-Home Sales 


Top Stories

               ·         National Day Rally: The Highlights


Singapore Real Estate

               ·         More players tussling for property dollar here

·         New spring coming for Jurong Lake's gardens

·         New office to tackle estate matters

·         Experts optimistic about take-up rate of buyback scheme


Views, Reviews & Forum

               ·         Tweak property rules to achieve two aims

·         Review curbs at fixed intervals


Global Economy & Global Real Estate

               ·         Data shows slowing M'sia property market

       ·         One more Chinese developer wants a slice of Iskandar 


Top Stories

               ·         First phase of Jurong Lake Gardens to be ready by 2017: Khaw


Singapore Real Estate

               ·         Jurong Lake area to be new draw for developers

·         Lian Beng, Heeton, KSH to co-develop A$150m mixed-use site

·         Sinarmas Land buys London building

·         Muted bidding expected for Bishan, Sembawang sites

·         Savills rebrands property management arm

·         HDB rents 'to stay depressed for rest of 2014'

·         Lease Buyback: 'Better, but limited take-up expected'

·         Big foreign worker dorms faring poorly

·         Construction-site quarters home to 500 foreign workers

·         Brazilian Ambassador calls on EcoHouse to prove links to his govt


Global Economy & Global Real Estate

             ·         Home prices in July fall in majority of Chinese cities

·         Chain stores using mapping software to pick locations

·         London leads sharp August drop in UK home prices

·         GreenOak seeks at least US$500m for 2nd Asia fund

·         Brunei Sultan bids for jailed tycoon's NY, London hotels: WSJ

·         Homebuilder Confidence in U.S. Increases to Seven-Month High

               ·         Blackstone Suffers Court Setback in Irish Real Estate Skirmish 


Singapore Real Estate

            ·         China/HK developers lead bids in Potong Pasir tender

·         Property prices in Jurong unlikely to rise significantly: Propnex

·         More payment delays in Q2, especially by construction sector

·         Condo's beams 'part of common property'


Global Economy & Global Real Estate

           ·         US housing market picks up, inflation pressures muted

·         Australians ‘Relaxed’ About Property Investing, Survey Shows

·         Monaco $400 Million Penthouse Secrecy Booms: Real Estate

              ·         Blackstone Suffers Court Setback in Irish Real Estate Drama 


Singapore Economy

               ·         S'pore is 'fourth most liveable city' in Asia


Singapore Real Estate

              ·         En bloc sales still the way to go: Colliers

·         Prices of Sentosa Cove homes hit by property-cooling measures

·         Singapore to take a leaf from Europe in use of prefab timber structures

·         Workers at Punggol site told to vacate makeshift dorm

·         Cool savings with new air-con system


Real Estate Companies' Brief

             ·         KOP plans to acquire land use rights for Shanghai resort


Global Economy & Global Real Estate

              ·         Asia-Pac hotel investment hits 5-year high in 2013

·         GIC launches retail mall in Melbourne CBD

·         Buyers abandon homes in China city as prices fall

·         Chinese Millionaire Roils Brokers Over Shrinking Mansion

·         Case of shrinking US mansion roils brokers

·         Iloilo beckons - and the migrants flock back

·         Midtown Manhattan losing rental shine

·         Lowe’s CEO Remains Housing Bull Despite Forecast Cut

·         Kenyan Hotel Occupancy Rates Plunge as Industry Job Losses Mount

·         Manhattan Vacancies Rise in Epicenter Shift: Real Estate

       ·         UBS O’Connor Hedge Fund Sells U.S. REITs in Second Quarter 


Singapore Real Estate

                        ·         Bulk of Farrer Sq medical suites taken up in 2 deals

                        ·         New-look Suntec City starts drawing crowds

                        ·         OCBC in talks to sell United Engineers

                     ·         Greener pastures lie overseas, says Oxley CEO

                  ·         The cost of living near Singapore’s international schools

                  ·         Despite slow sales, Singapore retail sector ‘not in crisis’

               ·         Options available to elderly to monetise their flats

                   ·         Zouk's tenancy given conditional extension

               ·         Lighting the way to clean energy with solar power


Real Estate Companies' Brief

                    ·         Parkson Retail's Q4 earnings down 36%

                    ·         Oxley Holdings

                    ·         Centurion Corp

                    ·         GuocoLand S'pore group MD steps down


Views, Reviews & Forum

                    ·         Second city for S'pore makes long-term sense

               ·         Don't turn Jurong Lake Gardens into tourist playground


Global Economy & Global Real Estate

                    ·         Atlantic City hit by impending casino closures

               ·         US housing starts up but analysts remain cautious

                    ·         Central Pattana delays M'sian mall opening

                ·         Home Sales Show U.S. Pickup as Factories Expand: Economy

            ·         U.K. Recovers $498,000 From Criminal’s Dubai Home Sale 


Singapore Real Estate

                ·         Cluster home projects to have fewer units

             ·         Tanglin Shopping Centre up for collective sale again

           ·         Strong demand from singles for 2-room flats expected to continue

                ·         New MRT line may perk up home sales

             ·         Upcoming East Coast line a boon for those nearby

                ·         Tanjong Rhu's transport woes lifted

Real Estate Companies' Brief

            ·         Sabana Reit may acquire Changi property for S$50m

                ·         CapitaLand Treasury prices S$500m 3.8% fixed-rate notes

                ·         Oxley Holdings

                ·         United Engineers

Views, Reviews & Forum

            ·         CPF and housing are most-discussed topics in REACH feedback

               ·         Help retirees unlock property assets

               ·         Study dementia village concept for Singapore

Global Economy & Global Real Estate

                ·         US home flipping wanes as price gains slow

                ·         GCB market stirring from slumber

        ·         Riskier London offices fetch higher prices 


Global Economy & Global Real Estate

        ·         N.Z.’s Key Offers $183 Million to Home Buyers in Election Pledge 


Top Stories

                ·         Halimah offers to take lead to explain Lease Buyback


Views, Reviews & Forum

               ·         How a falling property market could impact the wider economy

Global Economy & Global Real Estate

        ·         Homebuyers Back as Korea Aims to Awaken Market: Mortgages 




Singapore Real Estate

·         Sharp fall in industrial land bids at 2 state tenders

·         Three industrial sites at Tuas open for bids

·         Developers keep residents in the loop

·         Property drives investor sentiment to 18-month high

Real Estate Companies' Brief

·         CIT to buy industrial building for S$39.8m

·         Company confirms discussions on possible sale of Straits Trading Building

·         IOI Properties shares buck sector's trend

Global Economy & Global Real Estate

·         Lend Lease Full-Year Profit Surges 50% on U.K. Mall Stake Sale

·         Weyerhaeuser to Move Its Headquarters to Downtown Seattle

·         Home Prices in 20 U.S. Cities Rose in June at a Slower Pace

·         Westfield Says First-Half Comparable Operating Income Rose 5.3%

        ·         Scentre Open to Housing Development, Buying Malls, CEO Says 


Singapore Real Estate

·         Mapletree snaps up US property for US$70m

·         Despite labour crunch, firms still send workers for training

Real Estate Companies' Brief

·         OCBC in talks with Thai firm to sell UE stake

·         Straits Trading Building

Global Economy & Global Real Estate

·         Vanke offers discounts to Taobao shoppers

·         Uproar over NY condo with entrances for rich and poor

·         Mumbai developers co-opt slum dwellers

·         Luxury-Apartment Boom Favors D.C.’s Millennial Renters

·         Paramount Group Files for REIT IPO Poised to Be Largest

·         Foxtons Falls Most Since IPO as CEO Warns London Slowing


Singapore Real Estate

·         Private home resale prices drop 0.3%

·         Still no go for collective sale of Tanglin Shopping Centre

·         HSR's 100% commission scheme raises eyebrows

·         No shortage of space in Singapore

·         HDB to lead combined tender for solar panels

·         New lifestyle hub in CBD

Real Estate Companies' Brief

·         Wing Tai keeps focus on existing markets

·         GuocoLand's Q4 profit soars; Sim Lian's full year flat

·         Croesus Q4 beats forecast

·         Hotel Reits

Views, Reviews & Forum

·         Commercial clusters to bring jobs closer to homes

Global Economy & Global Real Estate

·         Paying off mortgage is not a priority in US now

·         London Property Market Falters as Buyers Resist Higher Prices

·         China Vanke to Form Commercial Property Venture With Carlyle

·         Blackstone Said to Plan NYC Sale for More Than $2 Billion

·         IPO for Mexico Mortgage REIT Seen as Housing-Rally Signal

·         Fannie Mae Plans to Sell Washington Headquarters Building

·         Pending Sales of U.S. Existing Homes Increase More Than Forecast

        ·         Sweden’s Home Shortage Sparks Attack on Rent Regulations 


Singapore Real Estate

             ·         DC rates for non-landed residential use dip on weaker home prices   

           ·         Silence hangs over Sentosa Cove as luxury unit prices plunge

            ·         Marina One condo to launch at S$2,600 psf

            ·         Lakeside boosted by new developments

            ·         For the busy professional - showflat on wheels

           ·         8 trade groups, business chambers awarded S$10m

            ·         More choosing HDB loans on fear bank rates may rise


Real Estate Companies' Brief

            ·         New developments in the Reit direction

            ·         UE's construction arm 'could be sold'

            ·         Wing Tai Holdings

            ·         Cambridge Industrial Trust

            ·         GuocoLeisure

            ·         Croesus Retail Trust

Views, Reviews & Forum

      ·         Jurong Lake Gardens will be developed sensitively

            ·         Geylang sorely in need of transformation

Global Economy & Global Real Estate

            ·         Canada house prices likely to rise further

       ·         London Property Market Falters on Price Resistance

           ·         Manhattan Condo Resale Prices Reach Record High

           ·         Housing Stumbling in Slowest Season for U.S.: Mortgages

         ·         Dream REIT Looks to Restaurants to Beat Office Glut

·         Blackstone Said to Seek $2.25 Billion Office Tower Sale 



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