The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 1th Oct 2019

Singapore Real Estate

Singapore private home prices up 0.9 % in Q3: URA flash data
Private home prices in Singapore have risen for the second consecutive quarter, based on the latest official flash estimate.  The Urban Redevelopment Authority’s (URA) flash estimate for the third quarter of 2019 shows that its overall price index for private homes rose 0.9 per cent over the preceding quarter. This follows the 1.5 per cent quarter-on-quarter increase in the second quarter of this year.

HDB resale flat prices rise 0.1% in Q3: Flash estimates
[Singapore] Housing Board (HDB) resale prices rose 0.1 per cent in the third quarter of this year compared with the quarter before, according to the latest HDB flash estimates released on Tuesday.  The resale price index was 130.9, up from 130.8 in the second quarter of the year.

2 Duxton Hill shophouses put on the market
Two double-storey conservation shophouses in Duxton Hill in Tanjong Pagar has been launched for sale with an S$11 million guide price, marketing agent JLL announced on Monday.  The indicative price works out to about S$2,800 per square foot on the estimated gross floor area. Located at 39 and 40 Duxton Road, the shophouses have a combined land area of 2,161 sq ft, and an estimated built-up area of 3,929 sq ft.

Singapore workplace fatalities dip in first half of 2019, but injuries rise
Workplace deaths have taken a dip in the first half of this year to reach a seven-year low.  Seventeen workers died on the jobs from January to June this year, down from 18 in the same period last year and 23 in the second half of last year.


Singapore Economy

Aug bank lending bounces back on business loans
Higher lending across various business segments contributed to an overall 0.6 per cent lift in total bank loans for August, reversing a contraction of 0.9 per cent in July even as housing loans extended their slide for the eighth straight month.  Preliminary data from the Monetary Authority of Singapore on Monday showed that loans to businesses grew 1.1 per cent month-on-month to S$422.7 billion in August, up from…


Companies’ Brief

CapitaLand Mall Trust snags maiden S$200m green loan from OCBC
CapitaLand Mall Trust (CMT) has secured a S$200 million, five-year green loan from OCBC Bank, its manager announced on Tuesday.   This mark’s CMT’s first foray into green financing where all proceeds will be used to finance or refinance properties within its portfolio that have achieved the BCA Green Mark certification.

Frasers Centrepoint Trust appoints Edmund Tie & Co CEO as non-exec director
Frasers Centrepoint Asset Management has appointed Ong Choon Fah as a non-executive and independent director, the manager of Frasers Centrepoint Trust announced on Monday after market close.  Ms Ong, 61, has also been appointed a member of its audit committee, and of its nominating and remuneration committee. All appointments take effect from Oct 1.

Frasers Property’s new industrial, logistics unit names Reini Otter as CEO
Frasers Property Industrial (FPI), the new integrated industrial and logistics strategic business unit of Frasers Property, will be led by Reini Otter as its chief executive officer (CEO).  The new integrated platform will combine Frasers Property’s industrial and logistics operations in Australia and Europe. It will work closely with group’s Singapore-listed Frasers Logistics & Industrial Trust in terms of asset and property…

Keppel Reit sells Bugis Junction Towers for S$547.5m, S$388m above purchase price
Keppel Reit has sold Bugis Junction Towers to Village Prop Pte Ltd for S$547.5 million or S$2,200 per square foot, S$388 million more than the S$159.5 million the property was acquired for in 2006.  The Business Times understands the main buyer is a fund managed by Angelo Gordon, a US-headquartered global alternative investment manager.


Views, Reviews, Forum & Others

CapitaLand shows good ESG policies do pay off
The tangible positive results of good governance may not be obvious when companies do well on the back of a growing economy and market. It is during a downturn that those with good governance, which sifts out the wheat from the chaff, will stand tall. Companies with good environmental, social and governance (ESG) practices weather the storm with greater equanimity than those that have poor governance, as this year’s…


Global Economy & Global Real Estate

WeWork landlords in London, NY bracing for a market fallout

China’s factory activity edges up in September

Hong Kong Aug home prices drop for 3rd month, steeper declines forecast

Japan manufacturer sentiment drops to lowest level since 2013 amid trade war

South Korea consumer prices fall for first time as export woes persist

Dubai developers race to lure buyers as downturn bites


Additional Articles of Interests – Local & Overseas Real Estate

Local & Overseas Real Estate – Full Article

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