Real News‎ > ‎2015‎ > ‎

February 2015

February 2015


















































1st Feb

 Singapore Real Estate

·         Home truths in Invest survey

·         Some foreign launches shine as currencies fall

·         Need a major loan? Home in on your credit report first

Global Economy & Global Real Estate

·         Dubai Investments to Pay About $41 Million for Al Mal Stake

2nd Feb

 Singapore Economy

·         Govt to get own telecoms network in smart nation push

Singapore Real Estate

·         Measures to curb excessive shoebox units yield mixed impact: study

Companies' Brief

·         For Far East Hospitality, it's mission accomplished for now

Global Economy & Global Real Estate

·         Portugal property still a big draw for foreigners despite 'golden visa' scandal

·         Austrian homeowners hit by Swiss franc mortgages

·         China's January home prices up first time in 9 months

·         New Jersey's building code under fire

·         Real estate arm eyes more SF properties

·         US renters rise as kids finally leave the nest

3rd Feb

 Singapore Economy

·       EDB sees investments slowing further in the years ahead

               ·       EDB now wearing more hats

Singapore Real Estate

·       URA to decentralise business activities and commercial centres outside CBD

             ·       Buyer-occupiers urged to act on falling S'pore prices

            ·       Low Keng Huat acquiring 20% stake in AXA Tower

            ·       Cut second-home ABSD for citizens as market slides

            ·       Hyatt chain plans 'home away from home' hotel here

            ·       Bid for Sengkang temple, columbarium 'open and transparent': Life Corporation

Companies' Brief

·       Keppel boosting in-house capabilities to groom leaders

        ·       KepLand appoints KPMG as independent financial adviser

         ·       Guocoleisure Q2 profit up 8% at US$14.8m

            ·       Reits: Time to end tax breaks?

           ·       Fortune Reit manager names chairman's daughter as CEO

            ·       Frasers Hospitality Trust

Global Economy & Global Real Estate

·       Fancy living in a 3D-printed apartment block?

        ·       Asian investors to continue key role in hotel deals outside region: EY report

       ·       Hyundai Motor plans to build tallest skyscraper in South Korea

        ·       Kaisa CEO's departure dashes hopes of near-term rescue deal

        ·       Further rate cut could overheat Norway property

     ·       Diageo Puts Ryder Cup Host Site Gleneagles Hotel Up for Sale

        ·       AvalonBay Pays $300 Million for Site for Manhattan Tower

Additional Articles of Interests - Local & Overseas Real Estate

·       Local & Overseas Real Estate - Full Article

4th Feb

 Singapore Real Estate

       ·       Developers launch 'no-frills' projects

       ·       URA seeks opportunities to develop underground space in Singapore


       ·       Construction sector seeks manpower policy tweaks


       ·       Sakae venturing into asset management


Companies' Brief

       ·       Reit trading more volatile after MAS move on S$

       ·       Boost seen for S-Reits but not property developers


       ·       GuocoLand raises S$170m through bond issuances


       ·       Soilbuild wins S$26m HDB contract


Global Economy & Global Real Estate

       ·       StanChart (S) completes 50m yuan loan transaction linked to Tianjin Eco-City

       ·       Famed Tokyo hotel to be torn down this summer


       ·       Shimao reopens bond market for junk-rated companies


       ·       GT Land plans US$500m IPO


       ·       Swiss property risks still elevated amid loose central bank policy


       ·       NZ house price growth picks up for first time since Dec 2013


       ·       What caused the US housing bubble?


       ·       N.J. Property Taxes Rise to Record $8,161 Annually on Average


       ·       Abu Dhabi’s Surging Home Rents to Grow at ‘Slower Pace’ in 2015


       ·       Offices Minus Tenants Rise Beyond Manhattan: Real Estate


Additional Articles of Interests - Local & Overseas Real Estate

       ·       Local & Overseas Real Estate - Full Article

5th Feb

 Singapore Real Estate


     ·  GuocoLand gears up for Tanjong Pagar marketing


         ·       Bloc of 16 units at 111 Emerald Hill sold for about S$75m via sale of shares


       ·       DBSS flats still finding favour with buyers


Companies' Brief


       ·       Banks, HK Land and Keppel lift STI


Global Economy & Global Real Estate


     ·       Malaysia residential property demand to fall further: report


    ·       Europe's commercial property market hottest since 2007


   ·       The return of the speculative office development


     ·       Goldman Veteran Said to Buy Mortgages After Big Short


   ·       Brazil Judge Orders Seizure of Ex-Billionaire Batista’s Assets


     ·       National Australia Bank Quarterly Profit Up 6% on Loans Growth


       ·       Homes Cheaper Than BMWs Turn Hot on Luxury Lull: Corporate India


Additional Articles of Interests - Local & Overseas Real Estate


      ·       Local & Overseas Real Estate - Full Article

6th Feb

 Singapore Real Estate

       ·       Far East executive is new Redas chief

       ·       HDB resale prices edge up 0.6% after year of declines

       ·       HDB resale prices inch up, but down 5.7% year on year

     ·       Facebook tipped to be moving to South Beach Tower

       ·       ERA Realty sees auctions market as a new growth area

     ·       January's marginal rise in HDB resale prices a blip, say property consultants


Companies' Brief

       ·       Global Logistic's Q3 profit down 36.2% at US$112m

    ·       First Sponsor's Q4 earnings more than double to S$19.3m

       ·       Wong Heang Fine to head Surbana

Views, Reviews & Forum

      ·       No decision yet on govt platform to support Smart Nation

Global Economy & Global Real Estate

      ·       As Christchurch heals, investment window opens

      ·       HK home prices hit record high in 2014

    ·       Manhattan condos go for a bargain of US$3m

      ·       Hong Kong Can’t Build Public Homes Fast Enough as Demand Soars


Additional Articles of Interests - Local & Overseas Real Estates

  • Local & Overseas Real Estate - Full Article

7th Feb

 Singapore Economy

       ·       Budgets that built a nation

       ·       Going beyond the 'global city' paradigm


Singapore Real Estate

       ·       Sengkang EC site bid lowest since 2011

      ·       High-speed rail terminal site may be named soon


Companies' Brief

     ·       SingHaiyi's Q3 hit by absence of development revenue

         ·       A-HTrust's Q3 DPS down

         ·       CDL Hospitality Trusts

         ·       28 business pioneers win awards


Views, Reviews & Forum

         ·       Short-term leasing has its benefits

Global Economy & Global Real Estate

       ·       Revel Sale Closing at Risk as Creditor Wins Appeal

         ·       U.S. REITs Slide Most Since September After Jobs Report

         ·       Consumer Borrowing in U.S. Increases as Credit-Card Use Picks Up


Additional Articles of Interests - Local & Overseas Real Estate

      ·       Local & Overseas Real Estate - Full Article

8th Feb

 Views, Reviews & Forum

         ·       Wanted: Ideas for Jurong Lake Gardens

Global Economy & Global Real Estate

         ·       End of the golden age of the suburban US mall

         ·       New UK property tax 'will not deter investors'

9th Feb

 Singapore Real Estate

         ·       On property measures

Companies' Brief

       ·       Savills poaches Colliers' top guns in office leasing

Views, Reviews & Forum

       ·       Share views for a more walkable city

Global Economy & Global Real Estate

     ·       How Asia property becomes vulnerable when Fed tightens

      ·       China developer rescue more grey knight than white

      ·       Facebook buys Menlo Park campus from Prologis

     ·       Hong Kong, New York Offer World’s Lowest Office Yields: Savills

10th Feb

 Singapore Economy

·       S'pore in top 10 of Arcadis Sustainable Cities Index

Singapore Real Estate

·       NCS' smart cities lab launched to test bed smart cities innovations

Companies' Brief

·       Parkson Retail Asia's Q2 profit drops 24.6% to S$10.2m

               ·       KOP returns to the black in Q3 on stake divestment gain

               ·       KepLand makes first London purchase in two decades

               ·       Ascendas India Trust to buy CyberVale for S$35.2m

               ·       Sing Investments & Finance full-year profit up 10.4%

Views, Reviews & Forum

·       Restrict the use of CPF for property to boost retirement savings

Global Economy & Global Real Estate

·       China property slowdown weighs on Yongmao's Q3

               ·       Joan Rivers’ NYC Penthouse Listed for Sale at $28 Million

               ·       Aussie Housing Bubble Seen Inflating After Rate Cut

               ·       Starwood to Sell NYC’s Baccarat Hotel to Chinese Insurer

               ·       Flamboyant Malaysian’s real-estate deals called into question

               ·       If you can’t beat them, join them

               ·       Australia rate cut good for foreign builders, buyers

               ·       Japan inspired 'water-house' could slash energy needs

               ·       New York, HK offer world's lowest office yields

               ·       Sun Hongbin - from prison inmate to white knight

               ·       US property agents seeking to use drones for aerial photography

Additional Articles of Interests - Local & Overseas Real Estate

·       Local & Overseas Real Estate - Full Article

11th Feb

 Singapore Real Estate

                ·       New private homes likely to be more competitively priced: Analysts

                ·       Resale condo prices ease again in Jan: SRX flash estimates

                ·       Sturdee Rd site would have seen 'red hot' demand in better times

               ·       191 construction worksites penalised for poor WSH practices

Companies ' Brief

·       'Disappointments' to hit office Reits: Nomura

               ·       Fragrance Q4 earnings hit by weaker fair value gains

               ·       Cache Logistics Trust

Global Economy & Global Real Estate

               ·       Rate cut seen inflating Australia housing bubble

               ·       U.K. Commercial Real Estate Investment Climbs to Record

               ·       Brokerage Colliers Splitting From Parent in Bid to Expand

               ·       Revel Moves to Scrap Second Casino Sale as Deadline Passes

               ·       The Average American Mall Explained In 6 Charts

               ·       Starwood Rises Most in Three Years on Timeshare Spinoff

Additional Articles of Interests - Local & Overseas Real Estate

               ·       Local & Overseas Real Estate - Full Article

12th Feb

 Singapore Economy

·       2014 visitor figure misses STB forecast

Singapore Real Estate

·       URA guidelines to offer more flexibility in design of landed homes

               ·       JTC launches integrated industrial devt

               ·       Rents on private condos, HDB flats still under pressure: consultants

               ·       Shopping mall rents set to fall in 2015: Savills

               ·       Booking an HDB flat? You'll need a loan eligibility letter

               ·       MacPherson flats hot among BTO applicants

               ·       Productivity push for process, construction & maintenance sector

Companies' Brief

·       Acquisitions to drive DPU growth for rest of FY2015: CRT

               ·       Far East H-Trust posts 9.9% drop in Q4 DPS

               ·       Cache Logistics Trust

               ·       Sim Lian's Q2 earnings fall 61%; KSH Holdings posts 14.6% increase in Q3 profit

               ·       KepLand China, Vanke to develop prime Chengdu site

               ·       Fortune Reit sells Hong Kong property

               ·       Colliers Int'l names new CEO for Asia-Pacific ops

Global Economy & Global Real Estate

·       Blackstone to Buy Stake in New York-Area RXR Buildings

               ·       Canadian Western Sees Growth Amid Oil Decline

               ·       Blackstone Said Near Deal for Stake in Six RXR Buildings

               ·       Norway Fund Buys 45% of New York’s 11 Times Square Tower

Additional Articles of Interests - Local & Overseas Real Estate

·       Local & Overseas Real Estate - Full Article

13th Feb

 Singapore Economy

·       Bills on use of underground space tabled

Singapore Real Estate

·       Ong Beng Seng-linked company negotiating sale of dormitory

               ·       Cautious bids again for EC site tender

               ·       JLL: S'pore office-rent growth strongest, home price fall largest in Asia-Pac in 2014

               ·       Hao Yuan tops bids for Woodlands EC site

Companies' Brief

·       Perennial posts profit of S$21m for six months ended Dec 31

               ·       FCL Q1 net profit jumps 55% to S$186.87m

               ·       Rowsley investing US$275m in Myanmar real estate tie-up

               ·       Low-margin project drags Boustead Q3 net down 36%

               ·       Lum Chang Q2 profit doubles on gains from weaker ringgit

Views, Reviews & Forum

·       No right time to remove tax breaks for Reits

              ·       Property players should be patient

              ·       Hotels have means, obligation to check guest reliability

Global Economy & Global Real Estate

·       China's new home prices bottomed in Jan after 8-month fall: surveys

               ·       Norway's SWF buys 45% stake in Times Square office tower

               ·       Blackstone to buy stake in six buildings

               ·       Hilton Worldwide to buy 5 hotels for US$1.76b

               ·       Hedge funds exiting housing mortgage debt as prices rise

               ·       M'sia Q4 economy defies oil slump to grow 5.8%

               ·       US Dec business inventories rise less than expected

               ·       With election uncertainty, UK home price growth slows: Survey

               ·       Commerzbank Says Property-Loan Book Cut by $18 Billion

               ·       Freddie Mac Catching Up in Apartment Boom: Mortgages

               ·       Utilities, REITs Draw Closer as Bond Proxies: Chart of the Day

               ·       China Hedge Fund Says Best Trade of 2014 Is Back On

Additional Articles of Interests - Local & Overseas Real Estate

  • Local & Overseas Real Estate - Full Article

14th Feb


15th Feb


16th Feb


17th Feb

 Singapore Economy

·       Singapore's economy grew by 2.9% in 2014

           ·       Household income gains ground in 2014 amid low inflation

Singapore Real Estate

·       Temasek, JTC join hands to create urban development giant

          ·       Developer sales surge 62% in Jan, thanks to more launches

          ·       KSH wins S$78m contract to build Singapore Chinese Cultural Centre

Companies' Brief

·       CDL posts record quarterly earnings of S$384.9m

          ·       Leng Beng sees high-end market recovery in 1-2 years

              ·       ARA Q4 hit by higher expenses, but full-year profit up 18%

            ·       Roxy-Pacific full-year profit up 5% at S$96.7m despite revenue fall

         ·       Soilbuild reports 13% dip in '14 profits

           ·       Singapore's CapitaLand Q4 profit soars

Global Economy & Global Real Estate

·       Chinese developers eye price hikes for new high-end projects

           ·       Kaisa says total debt now over US$10b, looking to restructure

        ·       Miami looks to China to sustain real estate growth

           ·       Kaisa dispute unearths debt skeletons

           ·       Asking prices for UK homes up in Feb

          ·       Germany's No 2 housing landlord bids 980m euros for Austrian rival

Additional Articles of Interests - Local & Overseas Real Estate

·       Local & Overseas Real Estate - Full Article

18th Feb


19th Feb


20th Feb


21st Feb


22nd Feb


23rd Feb


24th Feb

 Top Stories

·       22 constituencies benefited from HDB's Neighbourhood Renewal Programme: MND

              ·       New projects to improve Potong Pasir on the cards: Khaw

Singapore Economy

·       Singapore Budget 2015

              ·       Jubilee Budget sets course for Singapore's future

              ·       Budget 2015: Business reactions

              ·       Budget 2015: Boost in funding for Singapore's infrastructure development

              ·       Tax incentives for S-Reits extended but not stamp duty remissions

Singapore Real Estate

·       New office space could go fast as firms seek quality

               ·       Sengkang columbarium: No full refund for flat cancellation, says HDB

               ·       Firms welcome break from foreign levy hike

Companies' Brief

·       Singtel, HK Land drag STI lower

              ·       Weak ringgit makes Sime Darby's buy more pricey

Global Economy & Global Real Estate

·       Home Sales Drop as Lack of Supply Drives Up Prices: Economy

              ·       Goldman Made $10 Billion From Fund Stakes in Last 5 Years

              ·       New Residential to Buy Home Loan Servicing Solutions

              ·       As US office space shrinks, so does workers' privacy

              ·       Thailand's Central Group plans to invest 37b baht in 2015

              ·       US$150m Manhattan triplex to set luxury-condo record

              ·       Understanding US millennial homebuyers

Additional Articles of Interests - Local & Overseas Real Estate

·       Local & Overseas Real Estate - Full Article

25th Feb

 Singapore Economy

·       Budget 'helps construction sector, but challenges remain'

               ·       Sibor rises to 0.734% - almost double the year-ago rate

Singapore Real Estate

·       Tuas South site up for public tender

Companies' Brief

·       As expected, impact of Budget 2015 on S-Reits is minimal

                ·       Dropping Reits' stamp duty concessions helps level playing field

                ·       Reits investors cheered by Budget measures

                ·       Chip Eng Seng's Q4 earnings more than quadruple to S$167.6m

                ·       Wheelock's Q4 loss widens, but profit up 7.7% for FY14

                ·       Will CDL be able to pull off new growth strategy?

                ·       Higher costs pull down profit of Hotel Properties

Global Economy & Global Real Estate

·       Aozora to raise 50b yen from Japan banks for real estate funds

                ·       India's retail dilemma: too few nice malls

                ·       Homes sell so fast in Stockholm that buyers bid before public showing

                ·       Land area for new China housing drops 25% in 2014

                ·       Blackstone’s Goodman Joins Board as Credit Unit GSO Grows

                ·       Abramovich’s Moscow Office Block Two-Thirds Empty in Downturn

                ·       Invesco’s Mortgage REIT Turns Winner in Fannie-Freddie Debt Bet

Additional Articles of Interests - Local & Overseas Real Estate

Local & Overseas Real Estate - Full Article

26th Feb

 Top Stories

·       Bridging social divide calls for more than HDB flats on prime land: Minister

Singapore Economy

·       S'pore households' net worth grows a slower 2.3%

Singapore Real Estate

·       QC rules still apply for conversions to serviced apartments

               ·       Qingjian, Samsung sign MOU on smart homes

Views, Reviews & Forum

·       More focus needed on individual, not just household income

               ·       Related party transactions: MND replies

Global Economy & Global Real Estate

·       Australia to impose fees on foreigners buying homes

               ·       Cushman hiring Goldman, Morgan to find buyer

               ·       Marriott opens to great fanfare in hotel-starved Haiti capital

               ·       China said to be readying moves to counter housing market slump

               ·       New office space in Manila set for record

               ·       NYC rents rising at rate outpacing inflation

               ·       How New York Hunts Down Tax Refugees

               ·       Scotiabank Among Lenders Boosting Financing for Condos

               ·       Canada Stocks Rise as Hudson’s Bay Surges on Real Estate

               ·       Sales of New Homes in U.S. Hold Near Six-Year High: Economy

               ·       Hudson’s Bay in $3.4 Billion U.S., Canada Property Bet

               ·       Germany Agrees New Home Rent Controls as Housing Remains Tight

Additional Articles of Interests - Local & Overseas Real Estate

·       Local & Overseas Real Estate - Full Article

27th Feb

 Singapore Real Estate

·       Resale prices: The cost of a single-digit drop

              ·       Strata office units at GSH Towers slated for sale soon

              ·       UOL sees challenging Singapore outlook, diversifies overseas

              ·       Allow flexibility in HDB shop rentals

Companies' Brief

·       Evidence shows offer for Keppel Land is reasonable: KPMG

              ·       Centurion Corp's Q4 net profit swells to S$72.9m on fair value gains

              ·       Revaluation gains lift Banyan's Q4 profit

              ·       Amara full-year earnings up

              ·       Hotel Royal Q4 profit higher

Views, Reviews & Forum

·       Tale of two cities holds lessons for Singapore

Global Economy & Global Real Estate

·       More Asians investing in European hotels

               ·       More Chinese developers to be downgraded: S&P

               ·       Malaysia to dish out more incentives for foreign investment

               ·       Pure Iskandar developer on its way to list on SGX

               ·       US developers banking on buyers of million-dollar homes

               ·       The latest investment theme in Toronto is rental apartments

               ·       Billionaire's Moscow office block is two-thirds empty

               ·       Household mortgage loans grow record 10.2% in Korea

               ·       NYC’s MetLife Tower Said in $1.4 Billion Refinancing Deal

               ·       Abu Dhabi’s Eagle Hills Said to Be Developer of City Near Cairo

               ·       NorthStar Realty to Create European Real Estate Investment Trust

               ·       Developer Talaat Moustafa, Egypt Sign Settlement Over Madinaty

Additional Articles of Interests - Local & Overseas Real Estate

·       Local & Overseas Real Estate - Full Article

28th Feb