DAILY NEWS

Daily News – 13, 14 & 15 February 2016

Singapore Real Estate

Sim Lian gunning for assets in Australia, London
Sim Lian Group’s diversification from building construction to property development some 16 years ago amid a global economic crisis has evidently paid off. It is now morphing into a more diversified company as it ploughs deeper into income-yielding property investments in overseas markets, in the face of a government-engineered slowdown in the Singapore property market.
http://www.businesstimes.com.sg/companies-markets/sim-lian-gunning-for-assets-in-australia-london
http://www.businesstimes.com.sg/companies-markets/construction-property-development-buoy-sim-lians-q2-profit

Sim Lian’s Wandervale EC to be launched at S$750-770 psf on average
Sim Lian Group’s executive condominium (EC) project Wandervale in Choa Chu Kang is slated to be the first residential project to be launched this year, with sales booking starting in early March at an average pricing of S$750-770 per square foot (psf).
http://www.businesstimes.com.sg/companies-markets/sim-lians-wandervale-ec-to-be-launched-at-s750-770-psf-on-average

Latest home rental upticks seen as blips
Despite an uptick in rents for private non-landed homes and HDB flats in the last two months based on SRX Property flash estimates, some property consultants note that this does not necessarily signal a clean break from the downward trend in rents. Much of recent rental transactions have been driven by rental renewals rather than new demand, they argued.
http://www.businesstimes.com.sg/real-estate/latest-home-rental-upticks-seen-as-blips
http://www.straitstimes.com/business/weak-rental-market-sees-hdb-flats-more-resilient?login=true

Finding the right home loan
http://www.todayonline.com/business/finding-right-home-loan?singlepage=true
http://www.businesstimes.com.sg/companies-markets/moneysmartsg-ocbc-offer-home-loan-priced-off-fixed-deposit-rate
http://www.straitstimes.com/business/property/finance-portal-offers-163-mortgage-for-private-properties

Furniture sector to build skills and prospects
http://www.straitstimes.com/business/furniture-sector-to-build-skills-and-prospects

Companies’ Brief

Pull together pieces from all over to build our Smart Nation
Monday’s report (“IT talent in short supply amid Smart Nation push”) caught my attention. As a senior encouraging fellow seniors to embrace lifelong learning and acquire an active vocation in retirement, I thought there is a great opportunity for seniors to be deployed to help ease this labour crunch.
http://www.straitstimes.com/forum/letters-in-print/pull-together-pieces-from-all-over-to-build-our-smart-nation

Bukit Sembawang Estates
Property developer Bukit Sembawang Estates posted a 24.9 per cent decline in its third-quarter net profit to $24.3 million, on lower revenue. The bottom line was also dragged down by the absence of a provision writeback for warranties during the quarter.
http://www.straitstimes.com/business/companies-markets/company-briefs-bukit-sembawang-estates