The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 3rd Mar 2020 (Tue)

Singapore Real Estate

Sales at 2 property projects buck cautious sentiment from virus outbreak
Property buyers in Singapore continue to plonk down serious money for new private homes despite worries over the ongoing Covid-19 outbreak. Luxus Hills announced over the weekend that it was completely sold out, while buyers also snapped up another 32 units at The M.

3 commercial shophouses, terrace house in Districts 1&2 up for sale at S$38.4m
A portfolio of three conservation shophouses and a terrace house located within Districts 1 & 2 is now up for sale in the market, at a guide price of about S$38.4 million, Knight Frank Singapore said in a media statement on Monday.

Buyer’s market for private homes due to unsold units: CBRE
Buyers will have the upper hand in the private residential market this year. Sellers may need to check prices and sweeten their offers, with unsold inventory rising amid falling demand from China due to the coronavirus outbreak. 

Retail property rents may take hit this year amid outbreak: Study
Landlords of retail property might have to take a hit on rents this year as the virus deters shoppers from frequenting malls and restaurants. Real estate consultancy CBRE Research expects prime floor rents to decline in the wake of the outbreak. 

Tenants say some landlords dragging feet on rent rebate help
Commercial landlords and their tenants are at odds over the property tax rebate intended for landlords to pass on to renters. The Restaurant Association of Singapore (RAS) fired the first salvo on Monday, calling out landlords for not delivering on their publicly announced rental rebates for food and beverage (F&B)… 


Companies’ Brief

Keppel unit completes 50% acquisition of US senior housing firm
Keppel Corp on Tuesday said its subsidiary, Keppel Capital Senior Living, has completed the acquisition of a 50 per cent stake in US senior housing operator Watermark Retirement Communities (WRC). Keppel Corp first announced the transaction back in August 2018, which included the purchase of a 50 per cent stake in certain affiliates of WRC.


Views, Reviews, Forum & Others

From enterprise transformation to better jobs for Singaporeans: What more can be done?
Global economic headwinds and the Covid-19 outbreak have invariably created near-term business challenges. Notwithstanding this, Singapore enterprises need to continue to hone in on their digitalisation, productivity and innovation efforts to build up their long-term competitive strengths and be ready to seize the opportunities when the economy recovers.


Global Economy & Global Real Estate

Covid-19 pushing global growth into serious downturn: OECD 

The driving force in Irish politics? Finding a decent place to live

Australian home prices red-hot last month 

Factories in Asia take beating in February 

China’s manufacturing sector slumps in February 

China Evergrande’s aggressive promotions see jump in Feb sales 

Japan Feb factory activity shrinks on Covid-19 hit 

Hong Kong finance chief sees property holding up despite turmoil 


Additional Articles of Interests – Local & Overseas Real Estate

Local & Overseas Real Estate – Full Article

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