The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 12th June 2019

Singapore Real Estate

Singapore condo resale prices up 0.4% in May, rising for fourth straight month
Singapore’s condo resale prices rose 0.4 per cent in May from April, rising for the fourth consecutive month, according to monthly figures from real estate portal SRX Property released on Tuesday.  The increase in May follows a 0.8 per cent gain in April, which was adjusted from its initial 0.9 per cent flash estimate.

Guoco Tower wins excellence award
Guocoland’s mixed-use Guoco Tower in Tanjong Pagar is the only Singapore winner out of 10 at the 2019 Urban Land Institute (ULI) Asia Pacific Awards for Excellence.  ULI hands the award out to projects that “showcase best land use practice from across the region,” according to a media release by the organisation.

HDB home buyers now able to book balance flats at any time
Singapore: From Tuesday (Jun 11), those looking to buy a balance flat from the Housing and Development Board (HDB) can view the online listing at any time of the year and book a flat as early as a day after making an application.   This new option of an “open booking”, first announced by National Development Minister Lawrence Wong in February, would allow more home buyers to move into their flats earlier…


Companies’ Brief

CapitaLand to sell its holdings in three China shopping malls
CapitaLand will sell all its holdings in three shopping malls in China for 2.96 billion yuan (S$589.2 million) to CapitaLand Retail China Trust (CRCT), the two mainboard-listed companies announced in bourse filings on Tuesday morning.  A CapitaLand subsidiary and three associated companies entered into a conditional agreement with CRCT to divest their interests in the three companies that hold the three malls…

Mapletree Investments acquires first office property in Dublin
Mapletree Investments announced on Tuesday that it is acquiring an eight-storey office building comprising approximately 210,000 square feet of net internal area in Dublin from Irish real estate developer Marlet Property Group, marking its first office acquisition in the Irish capital.  Located in the heart of Dublin’s Silicon Docklands, the property – also known as The Sorting Office…

Nicholas Mak joins ERA Realty as head of research
ERA Realty has hired industry veteran Nicholas Mak as its head of research and consultancy, as part of the brokerage’s effort to grow those capabilities, The Business Times has learned.  He started his new job this month. Mr Mak was formerly the head of research and consultancy for ZACD and sister company SLP International for nine years.

Interest in Reits, property counters lingers
Singapore equities pushed on as risk-on sentiment continued to permeate the market, with interest still in property-related counters, among others.  The Straits Times Index (STI) closed at 3,209.58, up 21.47 points or 0.7 per cent.


Views, Reviews, Forum & Others

Expanded HDB scheme lets buyers book flats the next day
From next Tuesday, home buyers can book a Housing Board flat the day after they apply for one.  On offer are 123 flats under the enhanced Re-Offer of Balance Flats exercise, which makes selected unsold flats from previous sales exercises available for booking at any time.


Global Economy & Global Real Estate

Trump threatens China with another round of tariffs

Global trade may drop 17% in full trade war: WTO

UK construction firms report smaller orderbooks: Bibby Financial

Chinese city tells property developers to cease offering drastic price cuts

Hong Kong firm drops US$1.4b land purchase pact on economic worries

Malaysia’s April factory output rises 4.0% y-o-y, beats forecast

GIC among backers of S Korean firm that reinvented ‘love hotels’

Oil woes have Calgary landlords turning empty offices into apartments


Additional Articles of Interests – Local & Overseas Real Estate

Local & Overseas Real Estate – Full Article

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