Author: PropInvestSG

52 real estate companies you need to know to get rich investing in property

Real estate and getting rich investing in property has always been in the blood of Singaporeans. From the moment a kid is born, parents incessantly tell them they should get their own house in future, get another after saving up, rent the first one out, and then repeat the process. Investing in property can no doubt help one become rich (if done the right way), but how would one know how to invest without first getting a lay of the landscape? To get you acquainted with the real estate scene in Singapore, here’s a list of 52 real estate...

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Property news round up 31 Dec 2017

FCL enters German last-mile logistics sector Frasers Centerpoint Ltd (FCL) is set to expand its European logistics property footprint with an announcement over the weekend of a purchase of six German logistics facilities for about 257 million euros (S$408.6 million). The purchase, which will boost the group’s proportion of recurring income, also marks the mainboard-listed group’s entry into the German last-mile logistics sector. FCL said its wholly-owned subsidiaries have entered into a sale and purchase agreement with ECE Projektmanagement, a Hamburg-based developer, owner and manager of commercial real estate, for the acquisition of the six cross-dock facilities, which total...

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Capitaland acquires Main Airport Centre in Frankfurt, Germany

Capitaland today announced their acquisition of a 94.9% stake of Main Airport Centre (MAC) in Frankfurt. The agreed property value of EUR 245m or S$392m is slightly lower than valuation of EUR 248.2m or S$397m. Located at Unterschweinstiege 2-14, 60549 Frankfurt, the property has 13 levels consisting of a multi-tenanted office, multi-storey carpark and a petrol station. The property has a built up area of approximately 648,000 sqft and sits on freehold land. Also read: Soilbuild REIT’s divestment of KTL offshore Out of more than 30 tenants, key occupiers include Dell, Mastercard and Lufthansa. The weighted average lease expiry (WALE)...

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Soilbuild REIT’s divestment of KTL Offshore

Late this evening Soilbuild announced their intention to dispose of KTL offshore, at 61 and 71 Tuas Bay Drive, for a purchase consideration of S$55m. The buyer is a wholly-owned subsidiary of Soilbuild Group Holdings Ltd. Soilbuild Group Holdings Ltd is the sponsor of Soilbuild REIT. KTL Offshore was originally purchase on 31 Oct 2014. Consisting of two adjacent purpose-built factories along Tuas Bay Drive, 61 Tuas Bay Drive is a three-storey industrial building with ancillary office 71 Tuas Bay Drive is a part two/three storey building development with an ancillary office. Also read: CDL’s upcoming condo, The Tapestry,...

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How interest rates affect property

With the US Federal Reserve raising interest rates to 1.5% in their December 2017 meeting, investors are watching keenly for knock on effects on the stock and property market. But how exactly does rising interest rates affect property prices? How should an investor position him or herself so that they don’t get caught flat footed? Many people assume that the only impact interest rates have on property prices are via the mortgage rate channel. Also read: Singapore property outlook 2018 – 3 things to look out for In other words, higher interest rates (or fed funds rate), higher mortgage rates...

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Property news round up 24 Dec 2017

Ascott adds Africa to portfolio following S America addition in April The serviced residence unit of CapitaLand has secured contracts to manage two properties in Accra, the capital of Ghana, in what has been a record year of growth as the company added 18 new cities across nine countries and added over 21,000 units to its portfolio. Following the latest acquisition, it now has 69,464 units. Keppel-KBS US Reit rides positive office market dynamics The Reit, which listed on the Singapore Exchange (SGX) main board on Nov 9, 2017, is the second US-focused office Reit on SGX. It has...

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Use bitcoin to buy real estate

Bitcoin mania is all over town, with mom and pop investors such as Mr and Mrs Watanabe getting in on the action. Real estate, long known for its old school sheen, is slowly getting into the action, with some sellers putting up their homes for sale by accepting bitcoin only. How exactly will this work? From the outset, the volatility of bitcoin is going to cause major concerns. If a house were listed for say, 10 bitcoins, which at the time of writing is worth approximately US$18,000, the seller would have the peace of mind knowing if the transaction...

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Property news round up 10 Dec 2017

BNP Paribas takes 8 floors in Taikoo place as multinationals flee HK’s Central BNP Paribas, a $2.4 billion financial giant, has decided that it may not have the cash to maintain an address in Hong Kong’s Central district and is picking up stakes for Quarry Bay. The company, which is the world’s sixth-largest financial services institution, has recently signed a lease for eight floors in Swire Properties’ Lincoln House in Taikoo Place covering some 100,000 square feet. Evergrande buys jumbo Chongqing project for $498m Mainland homebuilder China Evergrande Group is doubling down on western China by buying a 320,000...

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Real estate 2018 capital market outlook trends

Capital flows into and out of a real estate market are an important indicator of its health and outlook, sometimes pre-empting price increases or corrections. How did 2017 fare with regards to real estate capital flows, and how does the 2018 outlook look for real estate investors? Here are 4 things to watch out for. In summary, here’s how 2018 looks like, according to JLL. The volume of office vestments globally will be down 5 to 10% due to macroprudential measures in various countries, but that will not stop capital values inching higher by 2% and rents by 3%. Development...

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11 things to know about Capitaland Retail China Trust’s acquisition of Rock Square in Guangzhou

CapitaLand Retail China Trust (CRCT) announced on 28 Nov 2017 their acquisition of Rock Square in Guangzhou for RMB 3,361m or S$688.9m. The acquisition will be in conjunction with their parent company CapitaLand. CRCT will take a 51% majority stake in the joint venture while CapitaLand will take 49%. One year after buying Galleria in Chengdu and just 4 months after selling CapitaMall Anzhen, CRCT is doing another deal. Here’s a few things to know about the transaction. [Also read: Review of CapitaLand REITs] Guangzhou economy The Mall is in a strategic location in Tier 1 Guangzhou. According to...

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Manulife results 3Q2017

Manulife US REIT released their third quarter 2017 results early in November with resounding results. Growth exceeded expectations with net property income exceeding projection by 20.9%, distributable income exceeding projection by 25.8% and distribution per unit exceeding projection by 9.6%. This is quite a mean feat which blew their first and second quarter 2017 results out of the water. In the first and second quarter of 2017, actual results beat projections by single digit percentages, and was overwhelmed by third quarters’ results. Let’s take an in-depth look on what exactly happened. [Also read: residential property prices and charts consolidated...

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Property news round up 26 Nov 2017

Big bricks-and-mortar stores say it with earnings: we’re not penny stocks The report felt like a turning of the tide in the battle between established bricks-and-mortar stores and the all-conquering Amazon.com. Shares of chains that had been on the brink of “penny stock” status, including JC Penney and Sears Holding, came roaring back. Mayfair Gardens sold en bloc for S$311 million THE en bloc train continues to chug along with Oxley Holdings’ subsidiary, Citrine Property, clinching Mayfair Gardens for S$311 million. The sale price, with an additional lease top-up premium estimated at S$52 million to top up the lease...

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Review of Capitaland REITs

With 3 REITs under the Capitaland umbrella, investors get to pick and choose which they want exposure to. Given a choice of CapitaLand Commercial Trust, CapitaLand Mall Trust and CapitaLand Retail China Trust, which should an investor look at? Here are a few things to consider as we do a comparison of these 3 Capitaland REITs. Gross Revenue Capitaland REITs Gross Revenue In terms of gross revenue, CapitaLand Mall Trust is the standout performer with S$640m of gross revenue collected from their retail tenants in 2016. With their 16 malls dotted around Singapore, CapitaLand Mall Trust is effectively the...

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Singapore residential market yields at record low

Singapore property yields have been on an overall downtrend since the recovery in 2009 from the global financial crisis. In the depth of the global financial crisis, yields across Singapore were at a historic high of 5.0% in the overall segment, 5.3% in the Mass Market segment and 4.6% in the City and City Fringe segment, as measured by Squarefoot Research. Fast forward 8 years to 2017 and yields are at a historic low of 3.2% in the overall segment, 3.4% in the Mass Market segment and 3.1% in the City and City Fringe segment. Singapore property yields Looking...

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Top 5 cheapest and most expensive Singapore properties

Check out the following 2 lists for condominiums/apartments that had the most expensive and cheapest properties based on transactions in the last 6 months. For those not used to seeing prices above S$3,000 psf, the first table might give you a bit of a shocker. With the property market on a recovery, it’s time to start getting acquainted with prices above S$3,000 psf and even S$4,000 psf. Some projects where prices have breached the S$3,000 psf mark include Wallich Residence at Tanjong Pagar Centre (S$3,124), Reignwood Hamilton Scotts (S$3,919), The Ritz-Carlton Residences Singapore Cairnhill (S$3,394) and Twenty One Angullia...

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