Real News‎ > ‎2015‎ > ‎

November 2015

November 2015

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1st & 2nd Nov

Singapore Economy

  • Businesses more cautious on spending, investment

Singapore Real Estate

  • Two condos launched over weekend notch 60% sales
  • Home owners lose prime view after land-use changes
  • 20% of resale flat buyers seek proximity grant

Companies' Brief

  • Frasers Commercial Trust
  • CDL Hospitality Trusts
  • United Industrial Corp
  • Roxy posts 7% rise in Q3 net profit
  • GLP posts 27% jump in Q2 profit
  • Hospitality sector
  • Sinarmas Land

Views, Reviews & Forum

  • Adjust property curbs to reflect how IT has changed market

Global Economy & Global Real Estate

  • Japan property market set to bubble again
  • NY condo builders target less-wealthy amid market turmoil
  • Airbnb rings up US$451.4m revenue in NY in a year
  • Australia on the cusp of new way to power homes
  • Carpark that creates shade... and power
  • KL set to sell state-owned land
  • More rooftop recreation in Japanese commercial buildings

3rd Nov

Singapore Economy

  • Singapore banks face slow loans growth, weak asset quality

Singapore Real Estate

  • Two condos launched over weekend notch 60% sales
  • Home owners lose prime view after land-use changes
  • 20% of resale flat buyers seek proximity grant
  • Shunfu Ville: Two developers express interest
  • Small units pay off at two new condo launches

Companies' Brief

  • Saizen Reit soars 19% on news of Japan assets' sale
  • More than just a real-estate agency
  • 2 Telok Ayer shophouses fetch S$18.2m

Views, Reviews & Forum

  • Adjust property curbs to reflect how IT has changed market

Global Economy & Global Real Estate

  • One man’s plan to build Singapore in India sends land soaring
  • KL mulls over Dibs for first-time home buyers
  • New York hotels go on offensive against Airbnb rentals
  • China funds buying dollar property bonds risks exporting bubble
  • Media tycoon Murdoch buys Malaysia's iProperty for $750m
  • China's 'Smurfs' Beat Cash Controls, Sending Real Estate Soaring

4th Nov

Singapore Real Estate

  • CapitaLand Drops Discussions to Buy BlackRock's Office Tower
  • Afro Asia Building fire: I didn't know blaze would cause victim's death, says accused
  • Report on Jurong lift accident given to BCA

Companies' Brief

  • Far East H-Trust's Q3 DPS hit by revenue dip, higher finance costs
  • Strong rental reversion, acquisition jack up Fortune Reit Q3 DPU
  • HDB issues S$1.2b fixed rate notes
  • Hotel association declares support for responsible paper sourcing

Views, Reviews & Forum

  • Adjust property curbs to reflect how IT has changed market

Global Economy & Global Real Estate

  • Bubble Risk in Swiss Property Market Stays Elevated, UBS Says
  • Vonovia Profit Jumps as Acquisitions Bolster Rental Income

5th Nov

Singapore Economy

Shift to value-creating economy is the way to go: Swee Keat

Singapore Real Estate

CapitaLand-Norges joint venture out of Asia Square deal - for now

Condo, mall renamed after outcry by school alumni

Park Hotel Group officially opens fourth Singapore hotel

Making the space count

Nurturing a greener environment

HDB terminates job by troubled Punj Lloyd unit

Companies' Brief

50 firms honoured at Golden Jubilee Business Awards ceremony

Singapore Sustainability Awards 2015 (Pg 31 – 35)

CapitaLand Q3 earnings up 48% to S$192.7m

Rowsley swings to net loss of S$4.2m in Q3

Cache raises S$100m in placement

Cache Logistics Trust

Far East Hospitality Trust

Oxley raises retail bond issue size on strong demand

Global Economy & Global Real Estate

Chinese home buying in Australia is easing, says Credit Suisse

San Francisco voters reject ballot measure to curb Airbnb

Royal Bank of Canada scraps limit on size of immigrant mortgages

Developer Country Garden backs out of Beijing land deal

Thailand's Singha Estate plans to buy more UK hotels

Al Ahli seals deal to build Fox mega theme park in Dubai

Buyers snap up Vornado's US$50m condos

Home once owned by mobster put on market for at least US$5.5m

US$1.2b project seen boosting LA office market

Aflac Wagers on Japan Real Estate by Taking Stake in REIT Funds

The Good, The Bad and The Ugly in China's Provincial Economies

Goldman, Blackstone Said to Weigh Bids for 1,500 Spain Homes

Dubai Stocks Near Bear Market After Biggest Drop in Two Months

Bubble Risk in Swiss Property Market Stays Elevated, UBS Says

6th Nov

Singapore Economy

  • 25 Years of Singapore-China Diplomatic Relations

Singapore Real Estate

  • Stable, sustainable property market in interest of all: Heng
  • Govt, real estate industry share interest in ensuring stable market: Heng Swee Keat
  • Home oversupply a concern: Redas
  • Home prices cannot fall too deeply without hurting quality, says Redas
  • Keen contest for plum Serangoon residential site
  • HDB resale volume in October highest this year: SRX
  • Projects lauded for growing S'pore's rooftop greenery
  • Keep fine balance between nature and urbanisation
  • What's real estate? Depends on who you ask
  • Tah Ching Rd lift mishap: Door protective devices worked according to specifications

Companies' Brief

  • More non-traditional Reits, but Asia lags in this trend
  • Parkway Life Reit's Q3 DPU up 15.6%; boost from divestment gains
  • CapitaLand Ltd

Views, Reviews & Forum

  • Cities need architects and artists to make them sustainable
  • ABSD has outlived its usefulness

Global Economy & Global Real Estate

  • World cities face challenge from emerging upstarts
  • Norway Fund Says Adding $86 Billion in Properties May Be Best
  • Narula's Metacapital Nears Start of Real Estate Lending Fund
  • Taxpayers May Be Funding Billionaires' Biggest Apartment Deals
  • Aussie Celebrity Realtor Seeks IPO After Housing Rally
  • Aflac Wagers on Japan Real Estate by Taking Stake in REIT Funds 

7th, 8th & 9th Nov

Singapore Economy

  • 3D screens, immersive tech at Future Of Us exhibition
  • China-Singapore pacts will boost ties but pose challenges too
  • S'pore, China to be 'all-round partners'
  • Chongqing picked for 3rd govt-to-govt project

Singapore Real Estate

  • Performance of Jurong malls not yet stable: Study
  • Public's view in masterplanning of limited use, say specialists
  • First retirement village’ opens next month
  • MRT boon for 3 sleepy parts of Singapore

Companies' Brief

  • Frasers Centrepoint's net profit jumps 54%
  • Perennial posts quarterly net profit of S$4.78m
  • Fragrance's Q3 profit up 14.3%, revenue falls
  • Interlace wins top prize at World Architecture Festival

Views, Reviews & Forum

  • Go beyond rewards in push for green buildings

Global Economy & Global Real Estate

  • US interest rate decision in October a close call, says Fed's SF head
  • Asia's challenges in managing its cities
  • Real Capital to set up Asia office next year amid investor interest
  • HK home prices rise for 6th straight month to record high in Sept
  • Germany landlord urges rival's investors to stop takeover
  • Billionaire hedge fund managers continue to snap up pricey property despite losses
  • McCarthy & Stone valued at £967m in London listing
  • Shady deed transfers on the rise in New York
  • After Funtasy Island, it's South Oceans now
  • Norway SWF mulls over US$86b injection into properties

10th & 11th Nov

Singapore Economy

  • MAS: Chongqing township, new yuan quotas big boost to S'pore-China financial links
  • Rising cost, regional rivals weaken Singapore's medical tourism appeal

Singapore Real Estate

  • S'pore's prime property market weakest in world
  • Two adjoining shophouses in Chinatown for sale
  • Roxy-Pacific buys residential land in Australia for A$15.65m
  • Rail Corridor ideas: URA picks winning firms; public feedback sought

Companies' Brief

  • New mall boosts Croesus's Q1 revenue, earnings; distributions flat
  • Industrial Reits 'doing better than expected'
  • FCL's Aussie unit a potential asset pipeline for Singapore Reit
  • Potential investment in Golden Land gets nod

Global Economy & Global Real Estate

  • Ascott's global fund acquires prime Paris, Tokyo properties for US$104m
  • Ken Dart reinvents himself as land baron
  • Brooklyn's tallest building planned as office demand rises
  • China major cities' October land revenues rise 24% y-o-y
  • Canadian housing starts drop in October
  • Builder's suicide puts spotlight on red tape
  • Communities turn to land trusts as costs rise
  • Rise of luxury towers dims de Blasio's shine
  • Kempinski hotel chain accuses ex-CEO of stealing 6m francs
  • McDonald's Decides Against REIT as It Focuses on Cutting Costs
  • Chinese Millionaires Snub New Australian Stocks-for-Visa Program
  • Seoul Office Vacancy to Stay High as Economy Slows, Savills Says
  • Growthpoint Partners With Investec, IFC on Africa Real Estate

12th Nov

Singapore Real Estate

  • Surbana Jurong enlarges footprint in Africa, sharpens design might
  • Condo resale volume up in Oct but at lower prices: SRX
  • First Noku Roxy hotel opens in Kyoto
  • Prime ground-floor unit at Shenton House to go under the hammer
  • Over S$70m asking price for school premises

Companies' Brief

  • New mall lifts Croesus Q1 results
  • UOL's Q3 profit slips 2% to S$101m
  • Saizen Reit's Q1 total return hit by fair value losses

Views, Reviews & Forum

  • Singapore-China Ties: A new destiny in Chongqing?
  • Fresh ideas applied to design of new neighbourhood centres

Global Economy & Global Real Estate

  • Park Hyatt set for launch in Thailand
  • HKEx Q3 profit jumps on trading, property sale
  • China October property investment slows further
  • Ifei Chang steps down as CEO of Greenland's US unit
  • Airbnb making fat profits for property investors
  • Cement firm unable to pay bond holders
  • The Real Estate Manager Who’s Making the Queen Richer
  • Seven From Family-Run Real Estate Firm Die in Ohio Jet Crash
  • Listing Pushes Limits as Office Demand Surges Beyond Manhattan

13th Nov

Singapore Economy

  • Strong potential in Chongqing for new joint project
  • S’pore’s smart solutions ‘can benefit Asian cities’

Singapore Real Estate

  • Residential rents slip further in October: SRX
  • Redhill plot draws 10 parties, but bids seen as cautious
  • HDB extends application period for mega sales exercise to 10 days

Companies' Brief

  • Singapore Reits likely to issue more perpetual securities in 2016: Fitch
  • Ho Bee Q3 profit jumps 51%
  • CityDev profit falls on lower development, hotels gains
  • Exceptional gains buoy Sinarmas Land's Q3 profit

Views, Reviews & Forum

  • Office, retail segments set to tumble

Global Economy & Global Real Estate

  • This UK property firm helps pad the queen's bank account
  • Blackstone to Buy $3 Billion in Calpers Property Fund Stakes
  • Real Estate Baron Chetrit Settles Kazakh Money-Launder Case
  • N.Y. Real Estate Baron Chetrit Settles Kazakh Money-Launder Case
  • U.S. Mortgage Rates Rise With 30-Year at Highest Since July
  • Brooklyn Startup Supplies the Apartment, Furniture, and Roommates
  • London City Office `For Sale' Signs Jump to Most in Five Years
  • Public housing in US may be subject to smoking ban

14th, 15th & 16th Nov

Singapore Real Estate

  • Govts should lay off property markets: don
  • Indirect discounts losing favour in dull residential market
  • New Bidadari homes to sit amid lush gardens
  • CDL's trials a snapshot of soft market
  • Headwinds buffet Singapore retail sector
  • OCBC joins DBS on FD-linked mortgages

Companies' Brief

  • Wheelock's net profit for Q3 up 2.4% at S$11.26m
  • CityDev unit to renovate Grand Copthorne Waterfront for S$17m
  • Centurion Corp
  • Apple plugs into solar power in Singapore

Global Economy & Global Real Estate

  • Malaysian economy's Q3 growth slowest in over two years
  • London office properties worth £6.1b up for sale
  • Dubai rents, yields holding up but price slump continues
  • Hong Kong GDP Beats Economists' Forecasts on Domestic Demand
  • Boston Consulting Group Makes the Move to Hudson Yards
  • Is U.S. Real Estate In A Bubble?

17th Nov

Singapore Real Estate

  • October non-landed home sales up 60% from a month ago
  • Industrial property sector set to face glut: Savills
  • Smarts Design for ageing population (Pg 15)
  • Fall head over ‘hills’ with Hillview

Companies' Brief

  • Kwek Leng Joo is 'pioneer of green building practices'
  • Kwek Leng Joo 'left a legacy of salutary achievements': SCCCI
  • Kwek Leng Joo, 62, dies of heart attack

Global Economy & Global Real Estate

  • London mansion prices fall 11.5%; bubble may have burst
  • Modi's measures help debt-laden property firms
  • Japan relapses into recession in Q3 as business confidence drops
  • R&F Properties, Dalian Wanda seek Shanghai listings
  • Marriott buys Starwood for US$12.2 billion
  • Revitalising a Detroit neighbourhood
  • McDonald's REIT Proponent Larry Robbins Sells Stake in Company
  • Here's How Today's Higher Home Prices Differ From Bubble Era
  • Canadian Home Sales Climb to Second-Highest in Six Years

18th Nov

Singapore Real Estate

  • Bumper crop of HDB flats up for sale
  • 23-year-old found dead at Bright Hill Crescent construction site

Companies' Brief

  • Kwek Leng Joo's legacy will endure: PM Lee
  • Tributes continue pouring in for CDL's Kwek Leng Joo
  • S'pore Reits increase perpetual bonds before new rules take effect

Global Economy & Global Real Estate

  • Ultra-high net worth individuals moving towards impact investing: Credit Suisse
  • CapitaLand navigates China slowdown
  • US inflation rise boosts expectations of rate hike
  • Asia-Pac institutional investors seen doubling property portfolio
  • Polish Households Are Worth More Than Germany's, Survey Reveals
  • U.S. Homebuilder Confidence Eased in November From Decade High
  • Saudi Tax Challenges Culture of Using Land as a Bank Account
  • Home Depot Dodges Retail Malaise as Profit Exceeds Estimates
  • British Land Plans to Extend UBS's London Base After Bank Leaves

19th Nov

Singapore Economy

  • Ultra-rich prefer relocating to S'pore instead of HK: Report

Singapore Real Estate

  • Bids for CPF Building top S$500m: sources
  • Sentosa Cove bungalow fetches S$2,775 psf
  • Four Points to launch in S'pore next year with rebranded Riverview Hotel
  • HK's Gaw Capital Partners pays S$203m for BIG Hotel
  • Strong demand for 4-, 5-room flats at Bidadari
  • Suburban malls shine amid retail gloom
  • Building smarter (Pg 7)

Companies' Brief

  • Oxley's CEO ups direct stakes in Oxley, IHC
  • Asset sale may spur M&A wave for S’pore REITs

Global Economy & Global Real Estate

  • US economy will need more than just consumers in 2016: Goldman Sachs
  • China property giant eyes robot rescue from rising wage bills
  • Supply glut puts brakes on recovery in home prices
  • US homebuilder confidence eases in November
  • Crackdown on foreign ownership: Australia orders sale of 7 homes
  • Chinese property giant turns to robots
  • CMBS Market Starts to Get `Frothy' as Valuations Rise, Voya Says
  • Dubai's Shaibani Says Property Slump Helps Competitive Position
  • Housing Starts in U.S. Fall on Decline in Apartment Construction
  • October home starts fall more than forecast
  • Lowe's Profit Tops Estimates, Showing Homeowners Still Spending

20th Nov

Singapore Economy

'Smart nation' vision about people and mindsets: Vivian

Businesses here see prospects at lowest since financial crisis

Singapore Real Estate

  • Jurong Country Club to submit land compensation claims next week
  • Poiz Residences in Potong Pasir may be launched at S$1,380 psf
  • OUE not pursuing conversion of Twin Peaks condo

Companies' Brief

  • CapitaLand
  • Frasers Hospitality opens second serviced residence in Tianjin
  • 28 building projects bag awards from FIABCI-Singapore

Views, Reviews & Forum

  • Soft landing not quite good enough for buyers

Global Economy & Global Real Estate

  • Singapore to help develop 2 townships in Rajasthan
  • M&L Hospitality acquires new hotel site in Sydney
  • Fed says US economy strong enough for rate increase
  • Dubai's Shaibani Says Property Slump Helps Competitive Position
  • Housing Starts in U.S. Fall on Decline in Apartment Construction
  • Lowe's Profit Tops Estimates, Showing Homeowners Still Spending
  • U.S. Stocks Rally as Fed Minutes Stress Gradual Rate Increases
  • China Home-Price Recovery Slows in October Amid Supply Glut
  • Tokyo Apartments Put Up for Sale Decline After Building Flaws
  • Polish Households Are Worth More Than Germany's, Survey Reveals

21st, 22nd & 23rd Nov

Singapore Economy

  • Sinarmas Land eyes Reit to unlock value of Indonesian investments
  • Condos on GLS sites shrinking in size
  • Tower Fifteen at Hoe Chiang Road for sale by Expression of Interest
  • Gaw Capital to spruce up, reposition Big Hotel
  • Two investors win suit over Big Hotel
  • Small working spaces for rent in Dhoby Ghaut
  • Capsule hotels, a growing trend in Singapore
  • 12 applicants for every five-room BTO flat in Bidadari
  • Buyer of Cecil Street Building pulls out of sale (Pg 74)

Companies' Brief

  • Businesses call for review of foreign worker levies, quota
  • Roxy-Pacific Holdings

Views, Reviews & Forum

  • Property cooling measures need to ensure a 'fair fall': PropNex CEO
  • Appreciate HDB flats as more than assets
  • Nature Society: Kwek Leng Joo a benefactor, adviser and friend
  • Can Marina Bay area do without cars?

Global Economy & Global Real Estate

  • That coming Fed hike? Take it easy
  • Johor Baru City Centre set for transformation
  • Banyan Tree branches into succession planning
  • Old subterranean stream causes NY building dispute
  • Why American landlords love refugee tenants                                   
  • Starwood clients fear losing perks after Marriott merger

22nd Nov

 

23rd Nov

 

24th Nov

Singapore Economy

  • This time, it's not deflation: economists
  • Negative inflation seen persisting with wider output gap

Singapore Real Estate

  • Part of Eden Hall land on Nassim up for sale
  • Demand for Bidadari BTO flats continues to rise
  • Jalan Besar Plaza put up for en bloc sale, with a S$390 million price tag

Companies' Brief

  • Beijing Hualian Reit could break mainboard drought
  • Risks for S-Reits to rise in 2016, more acquisitions likely: Fitch
  • Iskandar builder Astaka ends debut on Catalist at 24 S'pore cents

Global Economy & Global Real Estate

  • US rate hike likely to be long process
  • Evergrande buys insurer as China developer diversifies
  • State-built homes spurring Auckland's property boom
  • Sales of Existing U.S. Homes Fall From Second-Highest Since 2007
  • Saudi Cabinet Approves 2.5% Annual Tax on Undeveloped Urban Land 

25th Nov

Singapore Economy

  • Singapore economy expands 1.9% in Q3

Singapore Real Estate

  • Suntec office deals see revival after drought in 2014
  • 2 sites launched under industrial government land sales programme

Companies' Brief

  • Sabana Shari'ah Compliant Reit
  • Service stars shine at hotel industry awards
  • Mapletree Logistics Trust

Views, Reviews & Forum

  • Make monetising HDB flats a more attractive option for seniors
  • Consider security issues before automating homes

Global Economy & Global Real Estate

  • Economy grows at faster pace in Q3, GDP growth revised up to 2.1%
  • Greater London set to outperform prime in 2016
  • India mulls tax breaks to spur investment in housing
  • Sweden overwhelmed by housing crisis, says Skanska
  • Li Ka-shing's Power Assets buyout offer rejected
  • Blackstone Said in Talks to Sell L.A. Towers to Douglas Emmett
  • Hong Kong Office Market on Record Streak Led by Chinese
  • Home Prices in 20 U.S. Cities Increase 5.5 Percent in Year to September

26th Nov

Singapore Economy

  • For S'pore economy, a heavy note of caution

Singapore Real Estate

  • GIC 'underinvested' in real estate, eyes deals in key gateway cities
  • Hotel merger 'good for corporate guests'

Companies' Brief

  • Existing Reit markets still have room to grow
  • Sibor to hit more than 2% by end-2016: OCBC

Views, Reviews & Forum

  • Customise housing assistance to help families in need
  • A question of value for BHG Retail Reit's listing

Global Economy & Global Real Estate

  • Playground weaklings give Li Ka-shing bloody nose
  • Chinese firms paying record sums for trophy office buildings in HK
  • HK offices still hot property while home prices drop
  • Even Hong Kong Property Bears are Bullish on Real Estate Stocks
  • A sterling track record in China (Pg 7) 

27th Nov

Singapore Economy

  • Singapore ranks 7th in liveable cities index

Singapore Real Estate

  • More benefit from housing policy changes in Nov sales exercise: Lawrence Wong
  • Bidadari flats big draw in latest HDB BTO sale
  • Higher income ceilings benefit over 2,000 BTO applicants
  • CDL buys landmark brewery site in UK for S$335m
  • Ascendas clinches CPF Building for S$550m
  • Consultants expect warm interest in Siglap residential site
  • Workplace fatalities rise this year as more workers fall from height
  • Solar power taking off as alternative energy source in Singapore

Companies' Brief

  • Singapore retail Reits sector
  • CDL Hospitality Trusts

Views, Reviews & Forum

  • Golden Shoe Car Park ripe for redevelopment

Global Economy & Global Real Estate

  • More retail stock added to Iskandar Malaysia
  • UK to increase stamp duty on buy-to-let, second homes
  • Shopping Frenzy Spurs Philippine Mall Owners to Add Record Space
  • Irish Bad Bank Said to Plan $6.4 Billion Real Estate Loan Sales

28th, 29th & 30th Nov

Singapore Economy

  • Entrepreneurs play important role in economic restructuring: Manpower Minister
  • Singapore to shift to even greener footing

Singapore Real Estate

  • Households earning less than S$7k most burdened by mortgage rate hikes: MAS
  • S'pore private home prices down 8.2% from Sept 2013 high
  • Nearly 75% of Poiz Residences units in Potong Pasir snapped up
  • Increasing buzz in GCB market as prices ease
  • Coleman's house razed for shopping centre
  • JTC sells Tanjong Penjuru site for $13m

Companies' Brief

  • SPH Reit eyeing retail assets in Asia-Pacific 
  • Mapletree grows 'extra wing' outside Asia
  • City Developments Limited
  • Hotel starts charity drive for ST fund with a bang

Views, Reviews & Forum

  • Mixed reactions to South Beach

Global Economy & Global Real Estate

  • Manila mall operators looking to add record space
  • Nippon Life Plans Japan's Largest REIT as Investors Crave Yield
  • Jeddah Economic, Alinma Form $2.2 Billion Saudi Real Estate Fund