SINGAPORE REAL ESTATE
Condo, HDB rents up in September; strong demand ensures landlord’s market
Singapore – Rents for Housing Board flats and private apartments picked up pace last month, with analysts noting that more pressure could be placed on the rental market after the latest round of cooling measures.
Windfalls from resale exec condos make them an alluring buy for HDB upgraders
Executive condominiums (ECs) are increasingly seen as a golden ticket for Housing Board (HDB) upgraders, with nearly 300 units yielding S$500,000 in resale profit as at Aug 29. Nearly all the sampled 4,266 ECs netted around S$300,000 in gross profits, as demand far exceeds supply, according to a profit analysis by OrangeTee.
Strong interest in auction properties in Q3 prior to Sep 30 cooling measures: SRI
Three properties went for a total of S$7.6 million at the latest auction held by Singapore Realtors Inc (SRI) on Sep 30, which coincided with the implementation of recent cooling measures.
GuocoLand can unlock value just by listing Guoco Tower as a single-property Reit
This Friday (Oct 14), at 10am, shareholders of real estate group GuocoLand will have the opportunity to pose questions to management at the company’s annual general meeting. On the agenda, perhaps, will be how the board and management hope to unlock value for shareholders.
LHN unit takes lease on Tampines property to grow space optimisation business
LHN Space Resources, an indirect wholly-owned subsidiary of LHN Limited has taken out a lease on Space @ Tampines, a 59-unit industrial property for three years and 11 months, effective Thursday (Oct 13).
GLOBAL ECONOMY & GLOBAL REAL ESTATE
Fed official says more big rate hikes on table if inflation will not cool
US growth slowdown ‘required’ to beat inflation: Federal Reserve minutes
US cities preparing for an impending recession, survey shows
US faces ‘larger-than-usual’ risks in inflation battle, OECD says
US mortgage interest rates rise to highest level since 2006
UK estate agents turn pessimistic seeing drop in house prices
UK government rules out spending cuts, reversal on tax cuts
UK economy on brink of recession as it shrinks in August
Barratt says UK house reservations drop as mortgage rates surge
‘Not chump change:’ Home prices in Canada strain affluent budgets
China’s pain from deflating housing bubble will linger for year
China developer seeks to assure investors after missed trust payments
Japan ready to take appropriate action vs volatile yen