Singapore Real Estate
Sales at 2 property projects buck cautious sentiment from virus outbreak
Property buyers in Singapore continue to plonk down serious money for new private homes despite worries over the ongoing Covid-19 outbreak. Luxus Hills announced over the weekend that it was completely sold out, while buyers also snapped up another 32 units at The M.
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3 commercial shophouses, terrace house in Districts 1&2 up for sale at S$38.4m
A portfolio of three conservation shophouses and a terrace house located within Districts 1 & 2 is now up for sale in the market, at a guide price of about S$38.4 million, Knight Frank Singapore said in a media statement on Monday.
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Buyer’s market for private homes due to unsold units: CBRE
Buyers will have the upper hand in the private residential market this year. Sellers may need to check prices and sweeten their offers, with unsold inventory rising amid falling demand from China due to the coronavirus outbreak.
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Retail property rents may take hit this year amid outbreak: Study
Landlords of retail property might have to take a hit on rents this year as the virus deters shoppers from frequenting malls and restaurants. Real estate consultancy CBRE Research expects prime floor rents to decline in the wake of the outbreak.
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Tenants say some landlords dragging feet on rent rebate help
Commercial landlords and their tenants are at odds over the property tax rebate intended for landlords to pass on to renters. The Restaurant Association of Singapore (RAS) fired the first salvo on Monday, calling out landlords for not delivering on their publicly announced rental rebates for food and beverage (F&B)…
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Companies’ Brief
Keppel unit completes 50% acquisition of US senior housing firm
Keppel Corp on Tuesday said its subsidiary, Keppel Capital Senior Living, has completed the acquisition of a 50 per cent stake in US senior housing operator Watermark Retirement Communities (WRC). Keppel Corp first announced the transaction back in August 2018, which included the purchase of a 50 per cent stake in certain affiliates of WRC.
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Views, Reviews, Forum & Others
From enterprise transformation to better jobs for Singaporeans: What more can be done?
Global economic headwinds and the Covid-19 outbreak have invariably created near-term business challenges. Notwithstanding this, Singapore enterprises need to continue to hone in on their digitalisation, productivity and innovation efforts to build up their long-term competitive strengths and be ready to seize the opportunities when the economy recovers.
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Global Economy & Global Real Estate
Covid-19 pushing global growth into serious downturn: OECD
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The driving force in Irish politics? Finding a decent place to live
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Australian home prices red-hot last month
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Factories in Asia take beating in February
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China’s manufacturing sector slumps in February
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China Evergrande’s aggressive promotions see jump in Feb sales
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Japan Feb factory activity shrinks on Covid-19 hit
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Hong Kong finance chief sees property holding up despite turmoil
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Additional Articles of Interests – Local & Overseas Real Estate
Local & Overseas Real Estate – Full Article
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