The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 15 January 2016

Singapore Economy

Frasers Centrepoint JV tops bids, plans 800-900 units on plum seafacing site
A consortium led by Frasers Centrepoint that placed the top bid of S$624.18 million, towards the high end of market expectations, for a 99-year site near East Coast Park is planning to build an 800-to-900-unit condo designed to maximise seaview-facing units.

JTC awards tender for industrial site at Tuas South Link 2
JTC has awarded the tender for an industrial site at Tuas South Link 2 (Plot 5) to Hiap Shing Construction. The tendered price of S$3.0 million helped the company inch out two other bidders. The 5,050 square metre site has a gross plot ratio of 1.4. It has a tenure of 20 years and is zoned Business 2.

Four adjoining Joo Chiat shophouses up for sale
A row of four three-storey shophouses in Joo Chiat has been put up for sale via public tender by CBRE. The adjoining units are located at 292, 294, 296 and 298 Joo Chiat Road, and have a combined land area of approximately 7,616 square feet. Together, they make up about 17,980 square feet in gross floor area (GFA).

Completion of DTL2 boosts home prices
The completion of the Downtown Line 2 (DTL2) late last month has bolstered prices of homes near the new stations, bumped up rents and increased sale volumes. The MRT effect is a well-recognised one. Once a station is completed and starts operations, price adjustments are likely, said Knight Frank research head Alice Tan.


Companies’ Brief

CIT posts 9% drop in Q4 DPU
Cambridge Industrial Trust (CIT) reported a 9 per cent decline in distribution per unit (DPU) for the fourth quarter ended Dec 31, 2015 to 1.139 Singapore cents due to reduced capital distributions.

Keppel DC Reit’s Q4 DPU beats forecast by 1.9%
Keppel DC Reit reported a distribution per unit (DPU) of 1.64 Singapore cents for the fourth quarter ended Dec 31, 2015, marginally beating its own forecast by 1.9 per cent. This came on the back of net property income (NPI) of S$21.85 million, which also surpassed its forecast by 1.9 per cent.


Views, Reviews & Forum

A tale of supply in two property markets
Market players know that the three most important variables in property are demand, supply and the cost of capital. Demand is often affected by uncontrollable macroeconomic forces. When economies slow or move into recession, buyer sentiment typically drops and demand wanes. People are uneasy about the future and are thus less likely to invest in property.


Global Economy & Global Real Estate

Perennial to jointly operate eldercare home in Chengdu
Perennial Real Estate Holdings has entered the eldercare and retirement home space in China with a memorandum of understanding (MOU) announced on Thursday. Perennial signed the MOU with Shanghai Summit Property Development and Shanghai RST Chinese Medicine to establish a 40-40-20 joint venture management company that will operate a premium eldercare and retirement home in Chengdu.

Apsil moves into China property via RTO deal

Sydney apartment rents drop to three-year low on oversupply

Investing in UK property has become more complicated

Drones spark debate on air space ownership rights

Hitting Home: How Healthy Is Your Real Estate Market?

Hedge Funds Can’t Chase Risk in Hometown as Greenwich Sells Debt

Luxury-Home Market Seen Threatened by Scrutiny in NYC, Miami

Davos Apartment Prices Are Falling, But Not for January Rentals


Additional Articles of Interests – Local & Overseas Real Estate

Local & Overseas Real Estate – Full Article

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