Singapore Real Estate

MAS: Housing sector has no strong link to jobs and business cycles

There is no strong correlation between how the housing market performs in Singapore and business cycles in the country. In addition, the housing market's impact on the domestic labour market is also limited, said the Monetary Authority of Singapore (MAS) in its Macroeconomic Review report that was released on Tuesday.

http://www.businesstimes.com.sg/government-economy/mas-housing-sector-has-no-strong-link-to-jobs-and-business-cycles

http://www.straitstimes.com/business/economy/property-market-not-linked-to-economy?login=true


HDB leads the way for residents with journey managers

When re-housing residents under its long-time Selective En Bloc Redevelopment Scheme (SERS), the Housing and Development Board (HDB) will now be assigning a “journey manager” to each homeowner to serve as a single point of contact, as part of a revamp in how the HDB communicates with residents on its policies.

http://www.todayonline.com/singapore/hdb-leads-way-residents-journey-managers


Companies' Brief

Adelaide, S'pore malls boost Starhill's Q1

A full-quarter contribution from the recently-bought Myer Centre Adelaide and the stellar performance of its Singapore malls helped boost Starhill Global Reit's fiscal first-quarter financial results. On Tuesday, it reported a 3.1 per cent increase in distribution per unit (DPU) to 1.31 Singapore cents for the three months ended Sept 30, 2015, up from 1.27 Singapore cents a year ago. This represented an annualised yield of 6.89 per cent based on the Reit's closing price of S$0.755 on Sept 30, said Starhill.

http://www.businesstimes.com.sg/companies-markets/adelaide-spore-malls-boost-starhills-q1


Viva Q3 income up but DPS dips on bigger unit base

Viva Industrial Trust (VIT) achieved a 15.1 per cent year-on-year rise to S$11.6 million in third-quarter distributable income as net property income climbed 29.6 per cent to S$12.5 million. The growth was underpinned by Viva's focus on securing and retaining tenants, as well as the proactive approach to strengthening its portfolio, said Wilson Ang, CEO of Viva Industrial Trust Management.

http://www.businesstimes.com.sg/companies-markets/viva-q3-income-up-but-dps-dips-on-bigger-unit-base


MGCCT's Q2 DPU up 13% despite weak HK retail market

Contribution from newly bought Sandhill Plaza and rent increases at its two other commercial properties, Festival Walk and Gateway Plaza, helped boost Mapletree Greater China Commercial Trust's (MGCCT) second-quarter performance. On Tuesday, it reported a distribution per unit (DPU) of 1.808 Singapore cents for the three months ended Sept 30, 2015. This was 12.6 per cent higher than the 1.606 Singapore cents paid out a year ago.

http://www.businesstimes.com.sg/companies-markets/mgccts-q2-dpu-up-13-despite-weak-hk-retail-market


Global Economy & Global Real Estate

CapitaLand to build its 6th condo in Ho Chi Minh

Capitaland Vietnam has entered into a joint venture with Saigon Commercial & Tourism Corporation, a subsidiary of Vietnamese developer Thanh Nien Corporation, to develop a prime site in District 2 in Ho Chi Minh City, for an estimated project value of US$55 million.

http://www.businesstimes.com.sg/real-estate/capitaland-to-build-its-6th-condo-in-ho-chi-minh

http://www.straitstimes.com/business/companies-markets/capitaland-in-8th-housing-project-in-vietnam?login=true


Blackstone seeks mortgage for Manhattan complex

http://www.businesstimes.com.sg/real-estate/blackstone-seeks-mortgage-for-manhattan-complex-0


Tokyo museum undergoes facelift

http://www.businesstimes.com.sg/real-estate/tokyo-museum-undergoes-facelift


China Vanke Q3 net profit jumps 22% as sales pick up

http://www.businesstimes.com.sg/real-estate/china-vanke-q3-net-profit-jumps-22-as-sales-pick-up


Ping An, partner, in US property fund

http://www.businesstimes.com.sg/real-estate/ping-an-partner-in-us-property-fund


Airbnb fights move to curb San Francisco business

http://www.businesstimes.com.sg/real-estate/airbnb-fights-move-to-curb-san-francisco-business


Starwood Hotels Jumps on Report of Chinese Firms' Interest

http://www.bloomberg.com/news/articles/2015-10-27/starwood-hotels-jumps-on-report-of-chinese-firms-vying-for-chain


Starwood Bets $5.4 Billion That Apartment Rents Will Keep Rising

http://www.bloomberg.com/news/articles/2015-10-27/starwood-bets-5-4-billion-that-apartment-rents-will-keep-rising


Landlord Boom a Bigger Risk for Aussie Bad Debts Than Businesses

http://www.bloomberg.com/news/articles/2015-10-27/landlord-boom-a-bigger-risk-for-aussie-bad-debts-than-businesses


GE Names Real Estate Chief to Run Jet Lessor With Liu to Retire

http://www.bloomberg.com/news/articles/2015-10-27/ge-names-real-estate-chief-to-run-jet-lessor-with-liu-to-retire