Singapore Real Estate

MAS to tighten rules on gold buyback and landbanking schemes

Singapore will regulate investment schemes such as gold buybacks and collective landbanking after 2016, making it harder for providers of the controversial products to reach retail investors. The regulatory changes, which will be tabled in parliament next year, will be based on the existing Securities Futures Act, the Monetary Authority of Singapore (MAS) announced on Tuesday.

http://www.businesstimes.com.sg/banking-finance/mas-to-tighten-rules-on-gold-buyback-and-landbanking-schemes


Garden takes root in HDB project

What seems like a sleek, sci-fi version of the Hanging Gardens of Babylon is in fact a Housing Board project in Queenstown. SkyTerrace @ Dawson, a five-block development that was completed this year, was awarded the HDB Design Award 2015 earlier this month.

http://www.straitstimes.com/singapore/housing/garden-takes-root-in-hdb-project

http://www.channelnewsasia.com/news/singapore/skyterrace-dawson-bto/2142958.html


Lor Lew Lian housing site triggered for tender

For the first time in about 21 months, a private housing site on the reserve list of the Government Land Sales (GLS) Programme has been triggered for release. Located in Lorong Lew Lian, near Serangoon MRT Station and Nex mall, the plum 99-year leasehold site can be developed into a private condo project with about 465 units, based on estimates stated in the current H2 2015 GLS Programme.

http://www.businesstimes.com.sg/real-estate/lor-lew-lian-housing-site-triggered-for-tender


Smart Homes, Smart Environments

As for smart homes and environment, Mr Tan noted that the Housing Development Board and other agencies, after conducting several trials, are now “prepared to pilot it at real homes”. Some solutions being looked at are those that enable energy management as well as independent elderly living, which is important as Singapore has an ageing population.

http://www.channelnewsasia.com/news/singapore/smart-nation-moves-for/2145070.html


Construction worker dies in accident at work site under Yio Chu Kang flyover

http://www.channelnewsasia.com/news/singapore/construction-worker-dies/2142986.html


Views, Reviews & Forum

Is it time to lift property curbs?

Some stakeholders have renewed their calls for property cooling measures to be relaxed, especially now that the general election is over and a new Cabinet will be unveiled soon. These measures - introduced over eight rounds from 2009 to 2013 - have sent transaction levels plunging, with knock-on effects on industries from construction to banking and legal services.

http://www.straitstimes.com/singapore/housing/is-it-time-to-lift-property-curbs


Global Economy & Global Real Estate

Rowsley's Iskandar site to house healthcare city

Real estate and architecture firm Rowsley has unveiled plans to convert its Iskandar Malaysia township project Vantage Bay into a healthcare city. The decision announced yesterday marks a new turn for Rowsley's venture in the special economic zone in Johor, where multiple developments, including Vantage Bay, are stuck in limbo amid an housing oversupply that has dampened demand.

http://www.straitstimes.com/business/property/rowsleys-iskandar-site-to-house-healthcare-city


Concerns over Iskandar property glut ‘a bit overblown’

Concerns about an oversupply in the property market in Iskandar, the southern economic corridor of Malaysia’s Johor state, is “a bit overblown”, said Mr Lock Wai Han, chief executive of real estate and investment firm Rowsley. Mr Lock added that the thousands of housing units in the pipeline, many of them by Chinese developers, will take time to come into the market — a point that has not been “fully explained”.

http://www.todayonline.com/business/concerns-iskandar-property-glut-overblown-says-rowsley


Hong Kong nowhere near housing crash despite August data, say analysts

http://www.businesstimes.com.sg/real-estate/hong-kong-nowhere-near-housing-crash-despite-august-data-say-analysts


Australia Q2 home prices leap 4.7%, biggest quarterly gain in 5 years

http://www.businesstimes.com.sg/real-estate/australia-q2-home-prices-leap-47-biggest-quarterly-gain-in-5-years


China's Greenland ties up with Mizuho

http://www.businesstimes.com.sg/real-estate/chinas-greenland-ties-up-with-mizuho


US properties include Manhattan penthouse

http://www.straitstimes.com/asia/se-asia/us-properties-include-manhattan-penthouse


Billionaire Macau Developer Denied Bail in Currency Scheme

http://www.bloomberg.com/news/articles/2015-09-22/billionaire-developer-ng-is-ordered-held-without-bail


Ivanhoe Cambridge Gets Permit for Paris Tower Project

http://www.bloomberg.com/news/articles/2015-09-22/ivanhoe-cambridge-gets-permit-to-build-two-tower-paris-project


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