Singapore Real Estate Occupancy rate of industrial space dips in 2014: MTI The occupancy rate in the industrial space market fell from 93 per cent in 2012 to 91 per cent in 2014, following the Government’s release of more industrial land in recent years. The occupancy rate of JTC’s and HDB’s industrial facilities also dipped from 97 per cent in 2012 to 94 per cent in 2014, said Trade and Industry Minister Lim Hng Kiang in a written parliamentary reply on Monday (17 Aug). http://www.channelnewsasia.com/news/singapore/occupancy-rate-of/2057360.html About 100,000 first-timers bought new HDB flats since 2008: Khaw About 100,000 first-timer applicants, including families and singles, have bought a new HDB flat since 2008. National Development Minister Khaw Boon Wan said this in a written parliamentary reply to MP Gan Thiam Poh on Monday (17 Aug). Among the successful applicants, about 50,400 have collected keys to their flats. http://www.channelnewsasia.com/news/singapore/about-100-000-first/2057336.html After July surge, new private home sales expected to fizzle out in August Developers' private home sales (excluding executive condominiums) in July quadrupled to 1,594 from just 375 in June. The July figure released by the Urban Redevelopment Authority on Monday is the highest monthly figure in about two years but is due largely to just one project. http://www.channelnewsasia.com/news/business/singapore/single-project-helps/2055244.html http://www.todayonline.com/singapore/sales-new-private-homes-surge-2-year-high Companies' Brief S'pore top Asia-Pac commercial property buyer: DTZ Singapore is the top source of capital for cross-border investment in commercial property in the Asia-Pacific, according to a press release by global real estate services company DTZ. It came in ahead of China and the US for outward investment in Asia-Pacific commercial real estate, helped by a stable Singapore dollar that lowered investment costs. http://www.businesstimes.com.sg/real-estate/spore-top-asia-pac-commercial-property-buyer-dtz Views, Reviews & Forum 'Flexi' better for elder housing The "Two-Room Flexi" scheme crafted by the Housing Board represents a useful refinement of the "last mile" delivery of cradle-to-grave public housing options for Singaporeans. Seniors who wish to sell a flat to fund their retirement can already buy studio apartments with a 30-year lease and cheaper price tags or two-room flats with a 99-year lease. The new scheme, on which the public is being consulted, aims to merge existing programmes by allowing those above 55 to apply for two-room flats with a choice of shorter lease periods ranging from 15 to 45 years. Global Economy & Global Real Estate Park Hotel Group makes foray into Australia The Park Hotel Group has added its first hotel management contract outside Asia to its portfolio, a deal with Pirie Investments (AUS) to manage the 250-room Park Hotel Adelaide, as it continues to expand into key markets in the region. The new-build hotel, in the heart of Adelaide's Central Business District, is slated to open in the last quarter of 2018. http://www.businesstimes.com.sg/companies-markets/park-hotel-group-makes-foray-into-australia Lum Chang acquires UK commercial property Lum Chang on Monday said it has signed a deal with UKI (Wembley) Limited to buy Kelaty House, a freehold commercial property in Wembley, north-west London, for £25.5 million (S$55.6 million). The property is located within the Wembley Regeneration Area near the iconic Wembley Stadium in an area that is rapidly transforming into a vibrant and dynamic neighbourhood, the Singapore construction group and property developer said. http://www.businesstimes.com.sg/companies-markets/lum-chang-acquires-uk-commercial-property Colliers International has new occupier services team Us-Based global commercial real estate services firm Colliers International Group Inc has announced the expansion of its occupier services in Asia with a series of appointments and promotions made to develop its regional service offer to Colliers' corporate clients. http://www.businesstimes.com.sg/real-estate/colliers-international-has-new-occupier-services-team Beijing steps up property curbs in red-hot areas http://www.businesstimes.com.sg/real-estate/beijing-steps-up-property-curbs-in-red-hot-areas http://www.straitstimes.com/business/beijing-tightens-curbs-on-home-purchases Younger son of founder strengthens his hold on Lotte Group http://www.businesstimes.com.sg/consumer/younger-son-of-founder-strengthens-his-hold-on-lotte-group Beware tighter rules and pitfalls of buying real estate in Australia Builders in U.S. Gain Confidence as New York Factories Slump Cornerstone Hires Winterfield, JPMorgan’s Yang for Real Estate India, U.A.E. Plan $75 Billion Fund as Modi Seeks Investment |