Singapore Real Estate

BTO flats in Bidadari estate to come at a premium: Analysts

A total of 2,150 new flats in Bidadari estate will soon be launched for sale under the HDB’s next Build-to-Order (BTO) exercise, expected by the end of September. The BTO flats will comprise two- to five-room units. This will be the first batch of HDB flats on offer in the new estate and priority will be given to those whose parents live in Toa Payoh, Potong Pasir or within the 2km radius.

http://www.channelnewsasia.com/news/singapore/bto-flats-in-bidadari/2141488.html


Homegrown Kim Soon Lee buys Tuas warehouse from ISK

Homegrown transportation and logistics group Kim Soon Lee is buying the former storage facility of Japanese chemicals group Ishihara Sangyo Kaisha (ISK) in Tuas for S$30 million, to speed up the expansion of its warehouse business.

http://www.businesstimes.com.sg/real-estate/homegrown-kim-soon-lee-buys-tuas-warehouse-from-isk


GCB site off Upper Thomson up for sale

A freehold Good Class Bungalow (GCB) site off Upper Thomson Road has been put up for the sale by public tender at an indicative price of S$27 million, or S$1,280 per square foot. Located at 53 Windsor Park Road, the site has a land area of 21,091 sq ft; it is now occupied by a bungalow that is part single storey and part double storey. It was built in the 1950s and sits on elevated grounds.

http://www.businesstimes.com.sg/real-estate/gcb-site-off-upper-thomson-up-for-sale


Companies' Brief

Ascendas Reit

A-reit is proposing to acquire A$1.013 billion worth of prime grade logistics properties in Australia from vendors GIC and Frasers Property Australia. The purchase price is at a 6.6 per cent premium over independent valuation and translates into 6.4 per cent post-tax net property income yield. It will be funded by a combination of onshore debt and perpetual securities. This will increase the group's net gearing from 34.7 per cent to 37.3 per cent.

http://www.businesstimes.com.sg/companies-markets/brokers-take-156


Global Economy & Global Real Estate

Deluge of new homes may end high property prices in Sydney

http://www.businesstimes.com.sg/real-estate/deluge-of-new-homes-may-end-high-property-prices-in-sydney


KKR seeks at least US$1.5b for second US property fund

http://www.businesstimes.com.sg/real-estate/kkr-seeks-at-least-us15b-for-second-us-property-fund


London leads UK home prices to all-time high

http://www.businesstimes.com.sg/real-estate/london-leads-uk-home-prices-to-all-time-high


Toll Brothers sees Manhattan luxury-condo glut

http://www.businesstimes.com.sg/real-estate/toll-brothers-sees-manhattan-luxury-condo-glut


Jinjiang International buys 81% of Keystone Lodging

http://www.businesstimes.com.sg/real-estate/jinjiang-international-buys-81-of-keystone-lodging


Swiss home vacancies at 14-year high, cities still 'strained'

http://www.businesstimes.com.sg/real-estate/swiss-home-vacancies-at-14-year-high-cities-still-strained


Sales of existing homes down more than forecast in August

http://www.businesstimes.com.sg/government-economy/sales-of-existing-homes-down-more-than-forecast-in-august


China party mouthpiece lashes out at tycoon Li Ka-shing

http://www.businesstimes.com.sg/government-economy/china-party-mouthpiece-lashes-out-at-tycoon-li-ka-shing


Rents soar in big rush to catch up with own future

http://www.straitstimes.com/asia/se-asia/rents-soar-in-big-rush-to-catch-up-with-own-future


Aussie property market facing glut of new homes

http://www.straitstimes.com/business/property/aussie-property-market-facing-glut-of-new-homes


Hong Kong Domestic Demand for Property Seen Countering Declines in China

http://www.bloomberg.com/news/articles/2015-09-21/hong-kong-s-property-market-seen-defying-dire-predictions


Why Barrack, Sternlicht Joined Forces in U.S. Home-Rental Merger

http://www.bloomberg.com/news/articles/2015-09-21/why-barrack-sternlicht-joined-forces-in-u-s-home-rental-merger


Previously Owned U.S. Home Sales Retreat on Limited Availability

http://www.bloomberg.com/news/articles/2015-09-21/previously-owned-u-s-home-sales-retreat-on-limited-availability


Fall in Housing Optimism Erodes Canada Consumer Confidence Index

http://www.bloomberg.com/news/articles/2015-09-21/fall-in-housing-optimism-erodes-canada-consumer-confidence-index


Sales of Previously Owned U.S. Homes Fall More Than Forecast

http://www.bloomberg.com/news/articles/2015-09-21/sales-of-existing-u-s-homes-fell-more-than-forecast-in-august


Lennar Earnings Beat Estimates as New-Home Sales Increase

http://www.bloomberg.com/news/articles/2015-09-21/lennar-earnings-beat-estimates-as-new-home-demand-accelerates