Author: PropInvestSG

Property news round up 4th Mar 2018

A NEW study on the upcoming supply of private residential units from development sites sold suggests that oversupply risks, if any, may be contained within certain districts. Islandwide, only Districts 3, 5, 13, 18 and 19 appear to have a relatively high number of upcoming residential units in relation to the current completed units there – in the proportions of 12 to 34 per cent. Each of these districts has at least 2,000 units that can be launched from sites sold to developers under government land sales (GLS) and collective sale sites, the study by Cushman & Wakefield shows....

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Passing the RES exam

In this post, James recounts his experience on passing the Real Estate Salesperson (RES) exam, which according to trainers, have had a 30% pass rate in the last few sittings. At that rate, the percentage is even more abysmal than most finance and professional accreditation courses out there! I don’t know how true that is, but having sat through the paper myself, it certainly isn’t easy. And I feel for those who have a hard time getting through the economics concepts, land law and stuff like that. There was quite a bit of memorization, a little bit of financial...

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Free home reports and how they can help with your investments

Home reports are an essential item in the toolkit of every home owner, investor and occupant. Giving you great information on your home and surrounding neighbourhood, a home report is critical in your assessment of whether to sell your owner occupied or investment property. In addition, if you’re a buyer, a home report gives you a low-down on what is happening in the neighbourhood in terms of prices, rents, amenities and historical transactions. Here are a few ways a home or property report can help you. Also read: Amber 45 condominium in the heart of East Coast A good...

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7 things to know about Viva Industrial Trust’s income support

Viva Industrial trust is an industrial REIT listed on the Singapore stock exchange that has performed fairly well since 2017. One thing investors should look out for even though the counter has performed fairly well over the last 2 years is the presence of income support. Viva Industrial Trust’s share price rose from about S$0.7 to a peak of S$0.97 late 2017. It closed at a trading price of S$0.88 on 23 Feb. The last close price is also higher than IPO of S$0.77.   In Viva Industrial Trust’s financial statements, the income support comes in the form of...

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News round up for 28 Feb 2018

THE owners of Windy Heights in Eunos have put their property up for collective sale, billing it as one of the largest freehold residential redevelopment sites to come on the market in the area. The property along Jalan Daud comprises four blocks of 192 apartment units, eight penthouses and two commercial units. Under the Government’s 2014 Master Plan, the 23,291 square metres (250,702 square feet) site is zoned “Residential” with a Gross plot ratio (GPR) of 2.1. It can be redeveloped to accommodate 581 apartments of 100 sq m per unit, based on the current built-up gross floor area...

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Improving Singapore residential market according to PropertyGuru survey

According to PropertyGuru’s Consumer Sentiment survey conducted recently, buyer sentiment is at the highest level since 2013. Together with other indicators such as the uptick in the URA price index, this suggests that the Singapore property market may be turning the corner. In the PropertyGuru survey, 37% of respondents indicated they are satisfied with the real estate climate in Singapore. This is 3 percentage points higher than 34% recorded in 1H 2017’s survey. The main drive for the higher level of satisfaction is, no surprise, anticipation of long-term capital appreciation and low mortgage rates. Also read: What’s with Viva...

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Property news round up 25 Feb 2018

A FEW notable personalities from the corporate world have been involved in transactions in Good Class Bungalow (GCB) Areas since the start of the year. The Business Times understands that Simon Israel, chairman of both Singtel and Singapore Post, is buying an old single-storey bungalow that is ripe for redevelopment along Binjai Park in District 21 for S$18.26 million. This works out to S$1,300 per square foot based on the freehold site’s land area of 14,047 sq ft. The rectangular plot is at a cul de sac. Last year, Mr Israel sold a bungalow in Andrew Road, which is...

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Property news round up 18 Feb 2018

SASSEUR Group, a Shanghai-based developer and operator of outlet malls, which last year pushed back plans for a Reit listing here, has begun gauging investor interest again with plans to list Sasseur Reit in March. The initial public offering (IPO) could raise between S$500 million and S$600 million, and Sasseur Reit would have a market cap of S$1 billion upon its debut, according to a term sheet seen by The Business Times. Based on the latest indicative timeline, the IPO prospectus will be lodged on March 1, ahead of the listing on March 29. THE freehold Pei Fu Industrial...

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Non landed residential prices grow 1%

Singapore’s non-landed residential house prices grew 1% in Jan 2018 compared to Dec 2017, based on SRX’s price index. Compared to the same period last year, non-landed residential prices in Jan 2018 grew 6.3%, continuing to build on a housing market recovery and strong momentum. Rest of central region prices grew fastest Broken down into regions, prices in the Rest of Central Region grew fastest compared to the previous month of Dec 2017 at 1.4%. This was followed by 1.2% in the Core Central Region and 0.6% in the Outside Central Region. Also read: Proptech taking over the industry Compared...

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Singapore office market rents grow 3.4%

Based on research on the Singapore office market by Cushman & Wakefield, rents have grown 3.4% on a quarterly basis to S$9.2 psf per month. This was supported by Singapore’s economy growing 5.2% in 3Q2017 compared to the same period last year. This is higher than 2Q2017’s growth of 2.9% compared to the same period last year. A further look into the components of GDP growth show that the finance & insurance sector grew 5.9%, driving the country’s overall GDP growth. The office market is now in the landlord’s favour with newly completed projects enjoying high occupancy rates. Major...

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Rental recovery in Singapore’s prime office market

Based on Knight Frank’s fourth quarter report in 2017, prime grade office rents have risen for three consecutive quarters on the back of active leasing activity. Grade A+ office space rents increase 1.7% on a quarterly basis in the Raffles Place / Marina Bay precinct measured by Knight Frank. Landlords are gradually adjusting rents upwards in view of the limited new supply of prime offices being completed up to 2020. Gross effective monthly rents in S$ psf per month basis are recorded between S$9.3 to S$9.8. In the Raffles Place / Marina Bay Grade A segment, rents also increased...

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Mixed performance of Asia pacific’s residential market

Based on JLL’s fourth quarter 2017 report on the luxury residential market in Asia Pacific, there was a mixed performance. Of the eight markets covered by JLL, only three saw quarterly price growth in excess of 1.0%. In Shanghai, sales volume in the high end market contracted in the quarter as higher mortgage rates and down payments reined in demand. In Beijing, sales in new projects bolstered luxury sales. Overall however, the tight policy environment is persisting. In China, initiatives to promote greater housing affordability and development of the leasing market remained a central theme. Some governments offered land...

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Decline in new home sales reported by OrangeTee

According to OrangeTee, new residential home sales for the month of December was down 45.3%. The main reason was due to seasonal factors and the absence of major launches. However, volumes for the month are still higher on a yearly basis, up 17.4% compared to 2017’s full year volume. Symphony Suites was the top seller for December, moving 50 units at a median price of S$1,027 psf. Parc Riviera came in second with 44 units transacted at a median price of S$1,223 psf. Private residential developer sales   Looking forward, OrangeTee foresees primary sales volume to increase in January...

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Increasing number of property agents

According to CEA, there has been an increase in the number of property agents from 2017 to 2018. As at Jan 2017, there were 28,397 property agents. The number rose to 28,571 as at Jan 2018 or a 0.6% increase. On the other hand, the number of estate agencies declined from 1,286 as at Jan 2017 to 1,269 as at Jan 2018. This is a 1.3% decline. In the face of real estate market that has slowed over the last 5 years, the number of agents declined between Jan 2016 and Jan 2017. I think the recent uptick is...

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Proptech taking over the property industry

The CEA put out a press release on 8 Feb announcing that the real estate agency industry will be further regulated. The key point in the announcement is the publishing of property agents’ transaction records. This will be done in phases. Transactions for HDB flats will be the first phase to be completed by end 2018 while private property transactions will be available by the end of 2019. I think this is a big wake up call to property agents as the collective power of the consumer will be used to police them. I think it likely that rogue...

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