Singapore Real Estate

More BTO flats likely next year: minister

The supply of new Housing Board flats is likely to go up next year, to meet higher demand arising from recent policy changes. National Development Minister Lawrence Wong said he has asked HDB to look into supplying more new flats.

http://www.businesstimes.com.sg/real-estate/more-bto-flats-likely-next-year-minister

http://www.straitstimes.com/singapore/housing/more-bto-flats-likely-in-2016-to-meet-demand


Not time yet to unwind property cooling measures: National Development Minister Lawrence Wong

Property cooling measures are set to stay put, at least for now, National Development Minister Lawrence Wong said yesterday. "The price adjustments that we've seen so far have been moderate compared to the increase in prices that took place very quickly in the past few years," he said on a visit to the Housing Board's Waterway Terraces I project in Punggol.

http://www.straitstimes.com/singapore/housing/not-time-yet-to-unwind-property-cooling-measures-minister


Why collective sales slowly losing shine

Demand for collective sale sites in Singapore has nearly dried up, with only two deals done since the beginning of last year - a far cry from the 16 transactions closed in 2013, according to data from real estate consultancy JLL. A range of factors - weak home-buying sentiment, property cooling measures, ample supply of government land sites and the complexity of selling en bloc - have suppressed developers' appetite for such deals, analysts said.

http://www.straitstimes.com/business/property/why-collective-sales-slowly-losing-shine


S'pore-based investors pump S$3.8b into real estate abroad in Q3

Singapore-Based investors put in at least S$3.8 billion in overseas real-estate markets in the third quarter of this year despite a weaker global economy, according to data compiled by DTZ (SEA) Research.

Of this, more than S$1.8 billion was invested in Australia and S$1.2 billion in the UK.

http://www.businesstimes.com.sg/real-estate/spore-based-investors-pump-s38b-into-real-estate-abroad-in-q3


S'pore-based firms snap up $24b of properties abroad

Purchases by Singapore-based firms of overseas real estate rose 58 per cent in value to US$17.2 billion (S$23.7 billion) in the first three quarters of this year compared with the same period last year, according to Savills Research. The analysis was based on properties and portfolios worth at least US$2.5 million.

http://www.straitstimes.com/business/spore-based-firms-snap-up-24b-of-properties-abroad?login=true


Green office buildings: the new norm?

More green office buildings are sprouting up in Singapore's central business district - not just in response to tenant demand, but also simply because they are set to become the new norm, consultants say. This is because the Singapore government has targeted at least 80 per cent of all buildings here to be certified green by 2030 by the Building & Construction Authority (BCA). Going forward, this leaves little room or option for non-green buildings to be built.

http://www.businesstimes.com.sg/real-estate/green-office-buildings-the-new-norm-0


New lease of life for old, non-green offices

As green offices proliferate across Singapore, will the many existing non-green offices that still form the bulk of the country's building stock - and still consume a lot of energy - become overshadowed or fade into obscurity? The Building & Construction Authority (BCA) is not willing to allow this to happen, and is encouraging owners to allow the buildings to undergo green retrofit and renovation works.

http://www.businesstimes.com.sg/real-estate/new-lease-of-life-for-old-non-green-offices


HDB makes it a point to be more accessible - and real

Property buyers, sellers and agents can now look up resale prices of Housing Board flats just by using their smartphones or tablets. A new augmented reality feature on the HDB's revamped mobile application taps into a device's global positioning system function to identify nearby residential blocks.

http://www.straitstimes.com/singapore/housing/hdb-makes-it-a-point-to-be-more-accessible-and-real?login=true


Some Centrale 8 defects to be fixed, others unaddressed

About four months after it was formed, the task force looking into building and design complaints from residents of Centrale 8 has made some headway, with some design issues to do with the common areas of the Design, Build and Sell Scheme (DBSS) estate to be rectified. However, some residents said alleged defects within their homes, which include stained tiles, have remained unaddressed.

http://www.channelnewsasia.com/news/singapore/some-centrale-8-defects/2202064.html

http://www.todayonline.com/singapore/some-centrale-8-defects-be-fixed-others-unaddressed


Homeowners react slowly to interest rate volatility

Fixed-rate loans more popular now. Interest rates have started waking up from a years-long slumber, but it seems like homeowners have been slow to react.Despite recent volatility in local mortgage-linked rates, banks say they have not seen a significant rise in refinancings or inquiries, even from homeowners with loans pegged to the Swap Offer Rate (SOR).

http://www.straitstimes.com/business/banking/homeowners-react-slowly-to-interest-rate-volatility?login=true


Companies' Brief

First Reit

Lifted by new contributions and better operational performance, First Reit reported a 6.2 per cent rise year-on-year in third-quarter distributable income to $15.6 million. The topline growth of 6.1 per cent was driven by contributions from Siloam Sriwijaya, acquired in December last year, as well as the better performance of the Indonesia and Singapore properties.

http://www.straitstimes.com/business/brokers-call-first-reit?login=true


Soilbuild Reit

Soilbuild Business Space Reit reported an in-line set of third-quarter results with gross revenue growing 22.4 per cent to $20.7 million, and distribution per unit growing 5.1 per cent to 1.625 cents. This year-on-year growth was driven by contributions from three properties acquired between October last year and May this year.

http://www.straitstimes.com/business/brokers-call-first-reit?login=true


Views, Reviews & Forum

Smart technologies bring new risks

Singapore is gearing up to become the world's first Smart Nation with the government embarking on initiatives that harness technology to improve lives and build stronger communities. Some of these scientific developments, such as autonomous vehicles, will fundamentally change the way we live by introducing new solutions, but also create new risks.

http://www.businesstimes.com.sg/opinion/smart-technologies-bring-new-risks


The travails of looking for a first home

Over the past few months, I have found myself living out the ultimate unromantic Singaporean cliche. My boyfriend has not yet made any plans to propose - as far as I know - but we have already started looking for our first home. In the process, I've discovered why romance is a luxury.

http://www.straitstimes.com/business/invest/the-travails-of-looking-for-a-first-home


Global Economy & Global Real Estate

Reits prospects in US, Britain outshine outlook in Singapore

The real estate investment trust (Reit) market here offers decent returns, but prospects for the markets in Britain and the United States are more promising, according to First State's Mr Stephen Hayes and Mr Tim Shaw. 

http://www.straitstimes.com/business/invest/reits-prospects-in-us-britain-outshine-outlook-in-singapore


Don't overpay for pricey new London properties, warns adviser

SINGAPOREAN and other Asian investors should be careful not to overpay for pricey new London property developments, which are coming onstream.

http://www.businesstimes.com.sg/real-estate/dont-overpay-for-pricey-new-london-properties-warns-adviser


AccorHotels sees challenges in Asia-Pac expansion

http://www.businesstimes.com.sg/companies-markets/accorhotels-sees-challenges-in-asia-pac-expansion


M'sian top fund buys property stocks at 32% discount

http://www.businesstimes.com.sg/real-estate/msian-top-fund-buys-property-stocks-at-32-discount


German property market sees takeover surge

http://www.businesstimes.com.sg/real-estate/german-property-market-sees-takeover-surge


NYC's Stuyvesant Town said to be for sale with Blackstone weighing bid

http://www.businesstimes.com.sg/real-estate/nycs-stuyvesant-town-said-to-be-for-sale-with-blackstone-weighing-bid


NYC's luxury-condo king shifts gears in bid for Asian buyers

http://www.businesstimes.com.sg/real-estate/nycs-luxury-condo-king-shifts-gears-in-bid-for-asian-buyers


Growing foreign interest in Vietnam's real estate

http://www.straitstimes.com/asia/growing-foreign-interest-in-vietnams-real-estate?login=true


Property still a 'compelling proposition' for investors

http://www.straitstimes.com/business/invest/property-still-a-compelling-proposition-for-investors


Sydney Home Market Cools With Auction Clearances at 10-Month Low

http://www.bloomberg.com/news/articles/2015-10-19/sydney-home-market-cools-with-auction-clearances-at-10-month-low


Private Equity Real Estate Hiring Gets SEC Scrutiny

http://www.bloomberg.com/news/articles/2015-10-16/private-equity-real-estate-hiring-attracting-scrutiny-from-sec


McDonald's Is Close to Deciding on Real-Estate Structure

http://www.bloomberg.com/news/articles/2015-10-15/mcdonald-s-close-to-making-a-decision-on-real-estate-structure