Singapore Real Estate

Singapore property developer sentiment worsens in Q3: survey

Sentiment among developers here weakened in the third quarter of this year, going by the Real Estate Sentiment Index (RESI) that was derived from a survey. The biggest concerns are an expected slowdown in the global economy, and rising inflation and interest rates. The majority of respondents felt that the government should lift or tweak the existing cooling measures over the next six months.

http://www.businesstimes.com.sg/real-estate/singapore-property-developer-sentiment-worsens-in-q3-survey


Private home prices fall for eighth straight quarter

Private home prices in Singapore fell in the third quarter, marking the eight straight quarter of decline to match the longest losing streak in 13 years, with analysts saying they expect the market to remain under pressure amid the worsening economic outlook.

http://www.todayonline.com/singapore/private-property-prices-fell-13-q3


Far East Hospitality to expand Oasia brand next year

Far East Hospitality (FEH), the hospitality arm of Singapore-listed Far East Orchard, has unveiled plans to grow its Oasia Brand next year, with the opening of three more hotels and serviced residences in Singapore and Malaysia. These will add over 700 rooms to its growing portfolio in a move that FEH hopes will replicate the success of Oasia Hotel Novena elsewhere.

http://www.businesstimes.com.sg/real-estate/far-east-hospitality-to-expand-oasia-brand-next-year

http://www.straitstimes.com/business/companies-markets/far-east-to-expand-oasia-brand-into-asia


HDB to appoint managing agents for new neighbourhood centres

The Housing and Development Board (HDB) will appoint managing agents to handle the day-to-day operations of its new neighbourhood centres. HDB said it has already engaged property firm Knight Frank to be the marketing and retail consultant for the new centres, which will be built in the non-mature estates of Punggol, Buangkok and Sembawang. The first centre will be ready in 2018.

http://www.channelnewsasia.com/news/singapore/hdb-to-appoint-managing/2211050.html


Pearl Bank Apartments get extension to secure approval for conservation

The liaison committee of Pearl Bank Apartments will get another six months to secure residents' approval to conserve the building. About 90 per cent of the residents have given their support to the plan, but this is short of the 100 per cent approval required under existing rules. At a press conference held at the building on Thursday (Oct 22), the liason committee said authorities have agreed to extend the deadline from end of October to end of April 2016.

http://www.channelnewsasia.com/news/singapore/pearl-bank-apartments-get/2210468.html


Companies' Brief

Industrial space prices, rents soften in Q3: JTC

Prices and rentals of industrial space continued to soften in the third quarter of 2015, pressured by a weak manufacturing outlook and weak exports, on top of an existing supply glut. According to JTC statistics released on Thursday, overall industrial prices fell 0.3 per cent over the preceding quarter and the previous year.

http://www.businesstimes.com.sg/real-estate/industrial-space-prices-rents-soften-in-q3-jtc

http://www.straitstimes.com/business/industrial-property-rents-and-prices-fall-in-q3


A-Reit's Q2 DPU increases 13.7%

A-Reit posted a total amount available for distribution of S$100.2 million for the second quarter ended September, up 14 per cent year-on-year. This resulted in a 13.7 per cent increase in distribution per unit (DPU) to 4.16 Singapore cents, compared with 3.66 Singapore cents a year ago.Its net property income rose 8 per cent to S$123.8 million.

http://www.businesstimes.com.sg/companies-markets/a-reits-q2-dpu-increases-137

http://www.straitstimes.com/business/property/higher-occupancy-helps-lift-a-reits-q2-earnings


Suntec Reit Q3 distributable income up 9.2%

Higher revenue and net property income from the completion of Suntec City Phase 3 and a capital distribution of S$4.6 million helped lift Suntec Real Estate Investment Trust's distributable income by 9.2 per cent year-on-year for the three months to end-September 2015 to S$63.6 million. This translates to a distribution per unit of 2.522 Singapore cents for Q3 FY2015, 8.3 per cent higher than the corresponding quarter in 2014.

http://www.businesstimes.com.sg/companies-markets/suntec-reit-q3-distributable-income-up-92


CMT's Q3 net property income slips; DPU up 9.6%

Slowing rental reversions and a recent minor run-up in price for CapitaLand Mall Trust (CMT) may have been on investors' minds on Thursday even as the trust posted a higher third-quarter distribution per unit (DPU).

http://www.businesstimes.com.sg/companies-markets/cmts-q3-net-property-income-slips-dpu-up-96

http://www.straitstimes.com/business/companies-markets/cmts-third-quarter-dpu-surges-96

http://www.channelnewsasia.com/news/business/singapore/two-retail-reits-report/2210760.html


FCT Q4 DPU up; eyes on rental reversions

HIGHER rental revenue helped lift fourth-quarter distribution for mall owner Frasers Centrepoint Trust (FCT), but a plausible shake-up in tenant mix across its portfolio had analysts mulling its impact on the real estate investment trust's performance. "Your occupancy costs remain quite healthy, so does it mean that for FY16's rental reversions you're able to keep it at the same level?" asked one analyst at FCT's results briefing on Thursday morning.

http://www.businesstimes.com.sg/companies-markets/fct-q4-dpu-up-eyes-on-rental-reversions

http://www.straitstimes.com/business/property/booming-suburban-malls-boost-fct-returns

http://www.channelnewsasia.com/news/business/singapore/two-retail-reits-report/2210760.html


Suntec City officially reopens after S$410m revamp

Suntec City officially reopened on Thursday (Oct 22) following a S$410 million enhancement. In a press release, ARA Trust Management (Suntec) Limited, the manager of Suntec REIT, said enhancement works began in June 2012 and were completed in June this year.

http://www.channelnewsasia.com/news/singapore/suntec-city-officially/2211440.html


Global Economy & Global Real Estate

GIC partners Tishman Speyer in Hyderabad JV

Singapore's sovereign wealth fund GIC announced on Thursday that it has partnered New York-based real estate company Tishman Speyer to co-own an office development project in Hyderabad, India. The partnership will be in the form of a 50-50 joint venture.

http://www.businesstimes.com.sg/real-estate/gic-partners-tishman-speyer-in-hyderabad-jv

http://www.straitstimes.com/business/property/gic-us-firm-in-tie-up-for-india-project


Shanghai halts land auctions as surging prices worry officials

http://www.businesstimes.com.sg/real-estate/shanghai-halts-land-auctions-as-surging-prices-worry-officials


Smaller price growth in Q3 shows end of Sydney housing boom: Domain

http://www.businesstimes.com.sg/real-estate/smaller-price-growth-in-q3-shows-end-of-sydney-housing-boom-domain


Existing home sales rise more than expected

http://www.businesstimes.com.sg/government-economy/existing-home-sales-rise-more-than-expected


Amaravati project a benchmark for new cities: Modi

http://www.straitstimes.com/asia/south-asia/amaravati-project-a-benchmark-for-new-cities-modi