DAILY NEWS

Daily News – 27th Aug 2019

Singapore Real Estate

S-Reits’ robust yields in low-rate environment keep investors hooked
Singapore real estate investment trusts (S-Reits) have had a stellar run this year, and interest in the asset class is likely to continue, analysts said. This was evident on Monday when they showed resilience despite widespread sell-offs in regional bourses, including in Singapore blue chips.
https://www.businesstimes.com.sg/companies-markets/s-reits-robust-yields-in-low-rate-environment-keep-investors-hooked

Bukit Panjang GCB up for auction with S$9m asking price
A good class bungalow (GCB) in Bukit Panjang will be put for sale via auction by its owner next month with an asking price of S$9 million, real estate firm Colliers International said on Monday morning. The asking price for the freehold property at 7 Chestnut Crescent works out to around S$975 per square foot (psf), based on the total land area of 9,232 square feet or 857.7 square metres.
https://www.businesstimes.com.sg/real-estate/bukit-panjang-gcb-up-for-auction-with-s9m-asking-price-0
https://www.straitstimes.com/business/property/bt-panjang-bungalow-up-for-auction-with-9m-asking-price

Conserved Neil Road shophouse up for auction with S$8m asking price
A conserved two-storey shophouse located at 65 Neil Road is being put up for sale by auction for at least S$8 million, translating to about S$2,800 per square foot (psf) based on a gross floor area of 2,834 sq ft. The shophouse comes with an attic and has a land area of 1,413 sq ft, real estate firm Collier’s International said on Monday. It also has 99-year leasehold tenure with effect from July 4, 1989.
https://www.businesstimes.com.sg/real-estate/conserved-neil-road-shophouse-up-for-auction-with-s8m-asking-price

Singapore Economy

Singapore July factory output beats forecasts, technical recession may be averted
Singapore’s factory output fared better than forecast in July, but economists caution it is too early to hail a manufacturing turnaround as the US and China intensify their tariff brinksmanship. They added that the stronger-than-expected numbers might save Singapore from a technical recession in the third quarter, but it is unlikely to move the needle when it comes to the widely-projected monetary policy easing in October.
https://www.businesstimes.com.sg/government-economy/singapore-july-factory-output-beats-forecasts-technical-recession-may-be-averted
https://www.straitstimes.com/business/economy/analysts-split-on-outlook-after-factory-output-in-july-falls-04
https://www.straitstimes.com/business/economy/spore-factory-output-far-better-than-expected-in-july-falling-04
https://www.channelnewsasia.com/news/business/singapore-manufacturing-edb-output-fell-in-july-11842498
https://www.todayonline.com/singapore/singapores-manufacturing-output-fell-04-july-narrower-economists-forecast

Companies’ Brief

Court approves OUE C-Reit, H-Trust merger; updated timetable released
The court has sanctioned the proposed merger of OUE Commercial Real Estate Investment Trust (C-Reit) and OUE Hospitality Trust (H-Trust), which will take place via a trust scheme of arrangement. The trust managers have also provided an updated indicative timetable for the merger with the dates brought forward, in separate bourse filings on Monday evening after market close.
https://www.businesstimes.com.sg/companies-markets/court-approves-oue-c-reit-h-trust-merger-updated-timetable-released
https://www.straitstimes.com/business/companies-markets/court-approves-oue-c-reit-h-trust-merger-updated-timetable-released

Views, Reviews, Forum & Others

Singapore is right to frame climate change as a national-security issue
To treat climate change as an issue of national security may seem drastic – but it may be the right approach. Climate change is an existential threat, and countries need long-term planning, forward-thinking and significant financing to adequately address one of humankind’s “gravest” challenges. Those sentiments echo Singapore Prime Minister Lee Hsien Loong’s National Day Rally 2019 speech, in which he outlined…
https://www.businesstimes.com.sg/opinion/singapore-is-right-to-frame-climate-change-as-a-national-security-issue