Singapore Real Estate

Singapore private home prices register second-largest drop in Asia

Private home prices in Singapore registered the second-largest drop among its Asian counterparts in the last quarter, coming behind only China, according to Knight Frank's Global House Price Index. The index, which was released on Friday, found that Singapore non-landed residential prices fell 3.2 per cent year on year. On a quarter-on-quarter basis, prices fell 0.8 per cent.

http://www.businesstimes.com.sg/real-estate/singapore-private-home-prices-register-second-largest-drop-in-asia


A ride through S'pore's property market

Evia Real Estate is probably best known as a homegrown developer of executive condo (EC) projects, but co-founders Vincent Ong and Leslie Lim describe themselves as "accidental developers". They had, at first, trained their firepower on bidding for industrial sites in government tenders, including Biopolis Phase 3 and Fusionopolis phases 3 and 5. Some of these were concept and price tenders, in which Evia made it through the concept stage of the competition - only to lose out on pricing, often to the big guns.

http://www.businesstimes.com.sg/companies-markets/a-ride-through-spores-property-market


S'pore private property prices fall 3.2% for Q2

Singapore recorded the second-biggest year-on-year drop in private property prices in Asia for the second quarter, according to an index out yesterday. It noted that apartment prices fell 3.2 per cent in the three months to June 30 over the same period a year earlier. China was the only Asian country to fare worse, with values there dropping 5.7 per cent in the same period.

http://www.straitstimes.com/business/spore-private-property-prices-fall-32-for-q2


Suburban condo rents feel the squeeze

Rents appear to be holding up at new completions on the city fringe, although suburban condo rents are increasingly under pressure. Tenants have the luxury of choice now, and are typically moving to affordable units in central locations, and often preferring newer condos as well, experts said.

http://www.straitstimes.com/business/property/suburban-condo-rents-feel-the-squeeze


Heritage Buildings: Syed Alwi Road shophouses rich in style

Syed Alwi Road in Little India is best known as the address of department store Mustafa Centre. But long before the hulking 24-hour shopping centre existed, the stretch was home to pre-war shophouses. It is off the busy Serangoon Road, runs all the way down to Victoria Street and is intersected by many roads such as Jalan Besar along the way.

http://www.straitstimes.com/lifestyle/home-design/heritage-buildings-syed-alwi-road-shophouses-rich-in-style


Architect Raymond Woo's 268 Orchard has glasses boxes that display metal cables

The newest kid on the Orchard Road strip is baring its insides, showing its stainless-steel cable "bone" structure and a glass body. Night is the best time to view 268 Orchard, which stands on the site of the former Yen San Building, which was demolished, says the architect behind the project.

http://www.straitstimes.com/lifestyle/home-design/web-of-steel


Real estate agents feature strongly among opposition-party candidates

Has the tepid property market created a new impetus for real estate agents to enter politics? Even as opposition parties here have attracted more professionals into their fold, real-estate agents have emerged as a noticeable group among the candidates this general election (GE) - and all are on opposition party tickets.

http://www.businesstimes.com.sg/real-estate/singapore-general-election/real-estate-agents-feature-strongly-among-opposition-party


Views, Reviews & Forum

SPP takes aim at PAP's housing, education policies

Candidates of the Singapore People's Party (SPP) team contesting Bishan-Toa Payoh Group Representation Constituency (GRC) criticised the ruling People's Action Party's (PAP) policies on housing and education in the SPP's first rally on Friday night. Law Kim Hwee, 55, a candidate for Bishan-Toa Payoh, noted the government has been raising the amount of housing grants in recent years, which he described as "ironical".

http://www.businesstimes.com.sg/government-economy/singapore-general-election/spp-takes-aim-at-paps-housing-education-policies


NSP: Let people buy first HDB flat at cost

National Solidarity Party (NSP) on Friday offered its own solution for the younger generation. In the party's first rally at Woodlands, party president Sebastian Teo proposed that Singaporeans be allowed to buy their first HDB flat at cost. In Mandarin, he said: "Some might consider it too cheap. But don't forget. Before independence, this land belonged to you and me. It belonged to the people, not the government. Post-independence, the state acquired it, and now they tell you the cost of public flats is based on the market price of the land. This is unreasonable."

http://www.businesstimes.com.sg/government-economy/singapore-general-election/nsp-let-people-buy-first-hdb-flat-at-cost


Companies' Brief

Keppel Reit buys retail units in Melbourne

Keppel Reit, through Keppel Reit (Australia) Trust, is acquiring three retail units from Cerberos at 8 Exhibition Street in Melbourne for A$8.6 million (S$8.5 million). Keppel Reit currently owns a 50 per cent stake in the office development and two retail units at the same address. With the purchase of the remaining three street-fronting retail units, it will gain strategic control over the 35-storey freehold office building and own all five units. The three units just purchased occupy around 5,500 square feet and are part of the historic Herald and Weekly Times building.

http://www.businesstimes.com.sg/companies-markets/keppel-reit-buys-retail-units-in-melbourne


Global Economy & Global Real Estate

Walter to pay US$29.63m in reverse mortgage settlement

http://www.businesstimes.com.sg/real-estate/walter-to-pay-us2963m-in-reverse-mortgage-settlement


German landlord Vonovia joins DAX Index after buying spree

http://www.businesstimes.com.sg/real-estate/german-landlord-vonovia-joins-dax-index-after-buying-spree


Ghana's mortgage holders feel the pain as US dollar climbs

http://www.businesstimes.com.sg/real-estate/ghanas-mortgage-holders-feel-the-pain-as-us-dollar-climbs


Sweden plans forced mortgage payments

http://www.businesstimes.com.sg/real-estate/sweden-plans-forced-mortgage-payments


Hong Kong Home Prices May Start to Slump in 2016, JPMorgan Says

http://www.bloomberg.com/news/articles/2015-09-06/hong-kong-home-prices-may-start-to-slump-in-2016-jpmorgan-says


China's Turmoil Could be Just a Blip, If 1960s Japan Is a Guide

http://www.bloomberg.com/news/articles/2015-09-06/china-s-turmoil-could-be-just-a-blip-if-1960s-japan-is-a-guide


Dubai Stocks Drop With Mideast Markets on Fed Rate-Increase Bets

http://www.bloomberg.com/news/articles/2015-09-06/dubai-stocks-lead-mideast-markets-lower-after-fed-rate-hike-bets


Spain's real estate sector starting to hum

http://www.businesstimes.com.sg/real-estate/spains-real-estate-sector-starting-to-hum


Hoshino eyes Japan hotel chain expansion as visitors rise

http://www.businesstimes.com.sg/real-estate/hoshino-eyes-japan-hotel-chain-expansion-as-visitors-rise


Walkie Talkie worst new building

http://www.straitstimes.com/lifestyle/home-design/walkie-talkie-worst-new-building