The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 14, 15 & 16 Dec 2019

Singapore Real Estate

Modest private home price growth expected in Singapore
Singapore’s private housing market is poised for modest price growth next year, amid a resilient leasing market. However, developers are expected to continue being challenged by the significant supply of unsold private housing units in the pipeline although, by some estimates, the oversupply could ease by the end of 2021.  Data from the Urban Redevelopment Authority (URA) shows that as at the end of the third quarter…

Leverage limit announcement for Reits won’t come so soon: MAS
Singapore real estate investment trusts (S-Reits) and listing aspirants are seeking clarity on any amendment to leverage limits, so as to either better plan their capital structure or formalise their listing plans for 2020.  Ronald Tan, director of listings at the Singapore Exchange (SGX) told The Business Times that there are new Reit sponsors who have written to the Monetary Authority of Singapore (MAS)…

Colliers extends deadline for The Arcade’s S$780m collective sale, revises land rate
Colliers International has extended the tender submission date for the en bloc sale of The Arcade in Raffles Place by two months till March 5, 2020, at 3pm.  This is because developers had asked for more time to assess the site, Colliers said in a press statement on Monday. The original deadline was Jan 8, 2020.

Sim Lim Square makes second run for collective sale
Singapore — Sim Lim Square is up for collective sale under a second tender, following the discovery of an extra 27 per cent built-up space.  SLP International Property Consultants said the mall, located at the apex of the Ophir-Rochor corridor, will be put up for collective sale via public tender on Monday (Dec 16).


Companies’ Brief

KepLand to take 49% stake in Mumbai township JV
Keppel Land, through its wholly-owned subsidiary Lipalton, will be acquiring a 49 per cent stake in a joint venture with Indian developer Rustomjee Group to develop a 51.4ha integrated township in the Thane district of Mumbai for 4,091 million rupees (about S$78.2 million).  This is believed to be the first such collaboration between a Singaporean developer and an Indian developer for a township in the Mumbai…

UOB, DBS, StanChart provide S$945m green loan to Allianz, Gaw for Duo deal
United Overseas Bank (UOB), DBS Bank and Standard Chartered Bank (Singapore) have teamed up to extend a S$945 million green loan to Allianz Real Estate and Hong Kong private equity firm Gaw Capital Partners.  The syndicated loan will finance Allianz’s and Gaw’s S$1.575 billion joint acquisition of Duo Tower and Duo Galleria from M+S, the national joint venture between Malaysia and Singapore.

Debao unit forms JV for land development, urban renewal in China
Debao Property Development’s subsidiary, Guangdong Debao Real Estate Investment, has inked a joint venture (JV) agreement with three parties.  The JV company will develop land in Foshan city, China, as well as obtain property projects in Foshan including the urban renewal of Li Yong Village on Shi Wan Street, Debao said on Monday.


Views, Reviews, Forum & Others

Hospitality assets continue to heat up
Tourism arrivals continued to break new heights, reaching 18.5 million visitors last year, growing 6.4 per cent year on year from 2017, while total tourism receipts rose 1 per cent to $27.1 billion.  China, Indonesia, India, Malaysia and Australia were Singapore’s top five international visitor markets last year and contributed to about 55 per cent of total international visitor arrivals.

Forum: Extending ABSD deadline will not remove market risk
Property developers have expressed disquiet over having to pay a hefty penalty if they fail to develop and dispose of all the units built within five years (ABSD ‘extension’ may ease glut but experts flag limp demand, Dec 12).  Some may claim that these measures seem draconian, and even distort the workings of market forces.


Global Economy & Global Real Estate

US economy shakes free of recession fears in striking turnaround since August

New York seeks to address homeless crisis with bill to build 1,000 new flats a year

Lachlan Murdoch buys Beverly Hillbillies home for US$150m

Johnson’s victory brings some certainty to UK property market

China’s Nov industrial output growth beats expectations

China’s Jan-Nov property investment up 10.2%

China home price growth slowest in nearly 3 years in November as fewer cities report gains

Two Chinese cities relax rules to shore up property markets

Hong Kong house prices stay stubbornly high in face of unrest

HK property share sales boom amid China curbs

Japan’s Dec factory activity shrinks for 8th month, output slump worsens: flash PMI

Australia government downgrades outlook for economy, budget surplus

Dispute over Lotte Chemical’s US$4.2b plant resolved

Greek housing sector’s growth picks up in third quarter


Additional Articles of Interests – Local & Overseas Real Estate

Local & Overseas Real Estate – Full Article

Scroll to Top