Singapore Real Estate

PAP racks up landslide win, takes 83 out of 89 seats

http://www.businesstimes.com.sg/government-economy/singapore-general-election/pap-racks-up-landslide-win-takes-83-out-of-89-seats


Additional Buyer's Stamp Duty 'can be safely removed'

A combination of steps by the Government and the real estate industry over the last few years has made it safe to remove the Additional Buyer's Stamp Duty (ABSD), said the Singapore Real Estate Exchange (SRX). In a report yesterday, SRX noted that the latest market data showed a subdued market in both public and private housing and there is no longer a threat of a housing bubble.

http://www.straitstimes.com/business/property/additional-buyers-stamp-duty-can-be-safely-removed


Buyers throng Yishun EC show-flat

Buyers yesterday thronged the show-flat of Signature at Yishun - touted by the developer as the most affordable executive condominium project this year. The sales gallery saw about 800 visitors on the opening day of e-applications despite it being Polling Day of the General Election, noted developer JBE Holdings.

http://www.straitstimes.com/business/property/buyers-throng-yishun-ec-show-flat


Metro to shut City Square store at year end

Retailer and property group Metro Holdings will close its City Square Mall store when its lease expires at the end of the year. The move comes amid a period when department stores are consolidating or downsizing in the face of tighter labour policies, staff shortages and the rise of e-commerce.

http://www.straitstimes.com/business/companies-markets/metro-to-shut-city-square-store-at-year-end


Companies' Brief

CDL HOSPITALITY TRUSTS

CDL announced its maiden entry into the United Kingdom market with the acquisition of Cambridge City Hotel for £63.6 million (S$138.6 million). Based on the property price of £61.5 million, its annualised net property income for the first half of this year is 5.6 per cent. The acquisition of the upscale 198-room hotel will be 100 per cent funded with sterling debt and is expected to close around Oct 1.

http://www.straitstimes.com/business/companies-markets/brokers-call-cdl-hospitality-trusts


Views, Reviews & Forum

Growing importance of land is bad news for the economy

For all the alarm about the "rise of the robots" or "software eating the world" or the peril of climate change, one of the most pressing economic dangers of the future is getting short shrift: Landlords are eating the world.

http://www.businesstimes.com.sg/real-estate/growing-importance-of-land-is-bad-news-for-the-economy


Global Economy & Global Real Estate

Jakarta's planners 'could look to S'pore'

Singapore's experiences in urban planning could offer Indonesia a few lessons in unlocking its own metropolitan potential, according to a new report. The report from Goldman Sachs called for a re-thinking of Indonesia's urban planning policies while making a case for a US$70 billion (S$99 billion) to US$90 billion programme to transform Greater Jakarta into a global city over the next 15 to 20 years, with "far-reaching investment implications".

http://www.straitstimes.com/business/jakartas-planners-could-look-to-spore


Drought dogs Cali developers amid soaring housing market

http://www.businesstimes.com.sg/real-estate/drought-dogs-cali-developers-amid-soaring-housing-market


Investors find safe haven in Canadian mortgage-backed bonds

http://www.businesstimes.com.sg/real-estate/investors-find-safe-haven-in-canadian-mortgage-backed-bonds


Manchester United legend Gary Neville making his mark in property

http://www.straitstimes.com/business/manchester-united-legend-gary-neville-making-his-mark-in-property


China "red flags" report had errors, but nothing major, Moody's tells HK tribunal

http://www.businesstimes.com.sg/banking-finance/china-red-flags-report-had-errors-but-nothing-major-moodys-tells-hk-tribunal


Crowdfunded Tokyo condos appeal with 5% yield

http://www.businesstimes.com.sg/real-estate/crowdfunded-tokyo-condos-appeal-with-5-yield


Oversupply clouds China firm's sukuk debut

http://www.businesstimes.com.sg/real-estate/oversupply-clouds-china-firms-sukuk-debut


Rio's property bubble bursts with buildings vacant and rents down

http://www.businesstimes.com.sg/real-estate/rios-property-bubble-bursts-with-buildings-vacant-and-rents-down


Hotel room workspaces in US go casual

http://www.businesstimes.com.sg/real-estate/hotel-room-workspaces-in-us-go-casual


Manhattan church brings in Norway fund as partner

http://www.businesstimes.com.sg/real-estate/manhattan-church-brings-in-norway-fund-as-partner


HLH fans out into property development in Cambodia

http://www.straitstimes.com/business/companies-markets/hlh-fans-out-into-property-development-in-cambodia


Commercial Credit Is the New Mortgage Credit

http://www.bloomberg.com/news/articles/2015-09-11/commercial-credit-is-the-new-mortgage-credit


REITs May Not Be the Answer for Retailers

http://www.bloomberg.com/news/articles/2015-09-10/reits-may-not-be-the-answer-for-retailers