The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry

DAILY NEWS

 

Daily News – 06th, 07th and 08th July 2019

Singapore Real Estate

Singapore luxury units see more interest from foreigners
Political and social tensions in the region are sparking renewed interest from ultra-high-net-worth foreign investors for luxury apartments in prime districts here, List Sotheby’s International Realty (List SIR) said.  Wealthy residents of Hong Kong, which has been roiled in recent weeks by the worst social unrest since the former British colony returned to Chinese rule, seem to be among those looking to Singapore as a property safe haven in more turbulent times.
https://www.straitstimes.com/business/spore-luxury-units-see-more-interest-from-foreigners

 

Companies’ Brief

PropNex extends market lead on steady demand
Spanning almost five decades, Mohamed Ismail Gafoor’s obsession with real estate began with a childhood mired in poverty, one strewn with tales of how homelessness drove his grandmother and uncles to the brink of destruction.  “Growing up, my father told us how he and his siblings survived without a roof over their heads – they tried to seek shelter with relatives but were chased out…
https://www.businesstimes.com.sg/companies-markets/propnex-extends-market-lead-on-steady-demand

Tech firms, industrial Reits to ride on M&A wave sweeping Singapore: DBS
Mergers and acquisitions (M&A) and privatisations are heating up in Singapore, with 14 companies being taken private or bought out just half-way into the year.  In a report released this week identifying more possible deals in the space, DBS Group Research analyst Ling Lee Keng said the year-to-date total is already higher than that for the whole of last year, and also exceeds the deals done in 2017, when the M&A and privatisation theme was in focus as well.
https://www.businesstimes.com.sg/companies-markets/tech-firms-industrial-reits-to-ride-on-ma-wave-sweeping-singapore-dbs-0

 

Views, Reviews, Forum & Others

Sentosa Cove past its prime?
It had been marketed as “the world’s most desirable address” and pitched as a playground for the rich and famous, but since the last peak in transaction activity in 2010, property prices in the waterfront housing district of Sentosa Cove have lagged those for high-end residences on mainland Singapore. Market watchers attribute this to several factors, including the introduction of…
https://www.businesstimes.com.sg/brunch/sentosa-cove-past-its-prime

 

Global Economy & Global Real Estate

Trade war to dent US Q2, Q3 growth but potential lies in ‘compounders’
https://www.businesstimes.com.sg/government-economy/trade-war-to-dent-us-q2-q3-growth-but-potential-lies-in-compounders

US jobs growth surges but wage growth remains tepid
https://www.businesstimes.com.sg/government-economy/us-jobs-growth-surges-but-wage-growth-remains-tepid
https://www.straitstimes.com/business/economy/us-adds-224000-jobs-in-june-allays-fears-of-slowdown

Great time for billionaires to splurge on real estate
https://www.businesstimes.com.sg/real-estate/great-time-for-billionaires-to-splurge-on-real-estate
https://www.bloomberg.com/news/articles/2019-07-06/it-s-a-great-time-for-billionaires-to-splurge-on-real-estate?srnd=real-estate-and-home

WeWork looking to raise US$3b to US$4b in debt ahead of IPO: Source
https://www.straitstimes.com/business/companies-markets/wework-looking-to-raise-us3b-to-us4b-in-debt-ahead-of-ipo-source

UK housing prices dip but there are signs of optimism: Halifax
https://www.businesstimes.com.sg/real-estate/uk-housing-prices-dip-but-there-are-signs-of-optimism-halifax

Milan real estate prices surge as funds buy in
https://www.businesstimes.com.sg/real-estate/milan-real-estate-prices-surge-as-funds-buy-in

China’s buildings are watching how people shop, cook and steal
https://www.businesstimes.com.sg/real-estate/chinas-buildings-are-watching-how-people-shop-cook-and-steal
https://www.straitstimes.com/business/property/chinas-buildings-are-watching-how-people-shop-cook-and-steal

Hong Kong home prices break record
https://www.businesstimes.com.sg/real-estate/hong-kong-home-prices-break-record

Japan’s household spending for May rises most in 4 years
https://www.businesstimes.com.sg/government-economy/japans-household-spending-for-may-rises-most-in-4-years

Is it bubble time again for Japan’s real estate companies?
https://www.businesstimes.com.sg/real-estate/is-it-bubble-time-again-for-japans-real-estate-companies
https://www.straitstimes.com/business/property/is-it-bubble-time-again-for-japans-real-estate-companies

Australian banking regulator confirms looser mortgage lending rules
https://www.businesstimes.com.sg/banking-finance/australian-banking-regulator-confirms-looser-mortgage-lending-rules

Philippines inflation slows to 2.7% in June
https://www.businesstimes.com.sg/government-economy/philippines-inflation-slows-to-27-in-june

As families leave Paris, fingers point at Airbnb
https://www.businesstimes.com.sg/real-estate/as-families-leave-paris-fingers-point-at-airbnb

Qatar’s US$200b building dash to World Cup slows down
https://www.businesstimes.com.sg/real-estate/qatars-us200b-building-dash-to-world-cup-slows-down

The house that Jean built – carved out of a rock face in Monaco
https://www.businesstimes.com.sg/real-estate/the-house-that-jean-built-carved-out-of-a-rock-face-in-monaco

 

Additional Articles of Interests – Local & Overseas Real Estate

Local & Overseas Real Estate – Full Article
http://www.asiaone.com/business
http://www.btinvest.com.sg/property
http://www.stproperty.sg/articles-property/singapore-property-news/c/11

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