Singapore Real Estate

Competition, manpower top challenges: S'pore chairmen

Intense competition, manpower constraints and a limited domestic market are the top challenges to business growth cited by the chairmen of Singapore-listed companies, according to the 2015 Board of Directors Survey by the Singapore Institute of Directors (SID) and Singapore Exchange (SGX). The survey, which is carried out once every two years, also found boards relying more on external professionals, while more boards had a smaller percentage of their members attending training over the past year.

Property 2015 (Pg 33 – 52)

Developers make their mark here and abroad

Singapore's most established developers have won international awards for their projects and have collectively raised the bar in the local real estate market. The key players in the past few decades include Far East Organization, Hong Leong Group (which includes City Developments), Wing Tai Holdings, Pontiac Land Group, UOL Group and more recently, CapitaLand.

ECs stay relevant amid exciting developments

It has been a year of contrasting halves for executive condominiums (ECs) in 2015. The first six months of this year saw heightened concerns about an oversupply of ECs, as sales were sluggish for EC projects. However, in H2 2015, developers cut prices for unsold stock and new launches and consequently, sales improved.

Green is the colour of future real estate

Conceived by the late Lee Kuan Yew as a Garden City, Singapore is rapidly evolving to become a City in a Garden, upholding sustainability as one of its key tenets. While we witness world- class gardens and community engagement coming to fruition, real estate market participants must step forward as important stakeholders and frame a suitable response to support the nationwide enterprise.

More active resale HDB market in the making

With an estimated 82 per cent of Singapore's resident population living in more than a million Housing Development Board (HDB) flats, the performance of the HDB resale market naturally becomes a concern to the majority of the population. Since peaking more than two years ago, prices of HDB resale flats have been decreasing steadily.

Rule tweak gives HDB flat sellers more time to move

Delivery driver Liew Cheng Liang wanted to sell his four-room flat in Jurong two years ago but feared he would not have enough time to renovate his new place before moving out of the sold flat. Under a Housing Board rule at the time, flat sellers had to move out once the sale was completed. Any arrangement to stay on had to be made under the table.

Companies' Brief

First Reit agrees to Surabaya asset swap with Lippo

Hospital owner First Reit has inked an asset-swap deal to sell two of its oldest properties in Indonesia back to its sponsor Lippo Karawaci and then acquire a new hospital that the sponsor plans to build over the next few years. First Reit will sell an empty plot of land in Surabaya for S$8.2 million and an existing hospital building next to the plot for at least S$27.5 million to Lippo Karawaci, a property developer that is part of Indonesian conglomerate Lippo Group.

MapletreeCom Trust's Q2 DPU up 2.5%

Mapletree Commercial Trust (MCT) on Wednesday posted a 2.5 per cent increase in distribution per unit (DPU) to 2.02 Singapore cents for the second quarter ended Sept 30, 2015. Its gross revenue rose 1.9 per cent to S$71.3 million, and lower operating expenses helped net property income to rise 5.1 per cent to S$54.8 million.

Cache Logistics' Q3 DPU unchanged

Cache Logistics Trust on Wednesday posted an unchanged distribution per unit (DPU) of 2.14 Singapore cents for the third quarter ended Sept 30, 2015. Gross revenue rose 11.3 per cent to S$23.1 million, while net property income fell 3.6 per cent to S$18.8 million.

TEE Land

TEE Land said its wholly-owned subsidiary, TEE Hospitality, has tied up with Peter & Jan Clark (Levey Street) and Kenmooreland to set up a vehicle, TCK Commercial, to acquire commercial units and carpark lots in Sydney, Australia.

Global Economy & Global Real Estate

Better deal for US millennials to buy than rent property: study

Aussie mining towns see home prices dive

Norway's fund will need nod for large property deals

New York City testing post-disaster housing

HK real estate equity group to buy Big Hotel for $203m

Shanghai Halts Land Auctions as Surging Prices Worry Officials

SEB Slides Reveal Sweden's Property Risks Bank Wants to Avoid

Sydney Housing Boom Over as Price Growth Slows, Domain Says