Author: PropInvestSG

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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CapitaLand opens its largest mall in Suzhou

At close to 300,000 sq m, it is more than thrice the size of Singapore’s ION Orchard and boasts over 600 retail brands. CAPITALAND marked a record year of one million square metres of retail space offering with the opening of its largest mall yet in the Chinese city of Suzhou. The Suzhou Center Mall is also the largest shopping centre in the Chinese city and more than three times the size of ION Orchard in Singapore – spanning close to 300,000 square metres in gross floor area (GFA) excluding car park. It boasts over 600 retail brands housed...

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10 things to look out for in Chinese REITs

Out of the 37 REITs listed on the Singapore stock exchange, 3 have assets primarily in China. These REITs are BHG REIT, Capitaland Retail China Trust and EC World REIT. The first two invest primarily in retail malls while EC World REIT invests in industrial and logistics properties. This post will focus mainly on how these China REITs stack up against each other based on various metrics. Properties (CRCT most) CRCT, being the oldest REIT among the 3, has the most number of properties at 10. BHG has 5 while EC World has 6. Of CRCT’s 10 properties, 6...

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Buying a new launch? 101 guide to Feng Shui for your new house (Part 2)

This post is a follow up to Buying a new launch? 101 guide to Feng Shui for your new house (Part 1) In the previous post, we went through how Feng Shui can Guide a buyer on what size of house to buy Floor recommendation House direction Missing corners in the house In part 2, we will cover a few more tips such as what to do if your choice unit is not facing the pool and what if you have to consider your children when making a purchase. Let’s look at a few more tips. Many have preference...

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Buying overseas properties? 3 things to look out for

You’ve bought your first home and now you want to explore buying one outside of Singapore. Australia seems like a good destination with their fine beaches, unhurried lifestyle and proximity to Singapore. But is it a good place to park your money? Here are some tips to look out for if you’re looking to invest overseas. Buying an investment property Costs of property investments Overseas investments Where you buy and what you buy affects how much you ultimately get when you sell. Here are some things to look out for when trying to identify a good property. Familiar markets...

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Brothels in HDBs and Condominiums – You May Be Liable!

The Story In 60 Seconds Increase in reports of brothels being operated out of residential apartments Landlords, agents or tenants of these brothels are liable to charges under the Women’s Charter unless able to prove that they had no knowledge that the premises were being used as a brothel (difficult) A fine of up to S$3,000 or an imprisonment term for the maximum of 3 years, or both, may be imposed if you are first-time offender Landlord in this situation can obtain a Magistrate’s Order to receive possession of your property should the errant tenant refuse to do so...

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Buying a new launch? 101 guide to Feng Shui for your new house

Are you thinking of buying a new launch condominium and are interested in how Feng Shui can help you make the right purchase? I’m sure you would want to ensure the best conditions for you and your family to live in, and for those who believe in it, Feng Shui can play a part in the livability of a house. In this post, we interview a Master Sherwin for his views on what to look out for when buying a new launch condominium. How can Feng Shui guide a buyer on what size of house to buy? For homebuyers,...

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Keppel DC REIT third quarter 2017 results

Keppel DC REIT released their third quarter 2017 results a few days ago. This REIT has been on my radar since it came out because of its interesting play on the data centre sector. Not many Singapore REITs provide such a play until Mapletree Industrial Trust’s recent announcement on the expansion of their investment mandate to include data centres. Over the last 12 months, Keppel DC REIT has acquired four new properties in Singapore, Cardiff, Dublin and Milan. It is expected the distribution per unit growth will continue to be led inorganically by acquisitions given the debt headroom still...

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Why deflation hurts a real estate investor

Deflation is something many economists have made out to be an economic bogeyman, saying that it could be the worst possible outcome in any economy. Economists and investors would be rightly afraid, given the experience of Japan which is usually mentioned when deflation comes up. However, deflation is rare in the economies of today. This is largely due to the policies of central banks that have engaged in a campaign to create a consistent inflationary environment for their own economies. Japan is one example where deflation has had a severely negative impact. While it may sound scary, it isn’t...

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Feng Shui checklist when buying a house

Buying a house can be a life changing experience because of the amount of money, time and energy involved in choosing a perfect one. If you’re into Feng Shui, here are some tips to ensure that you choose the house that is best positioned to bring your family health, wealth and everything good in between. A home purchase is a long term investment decision. It is imperative to find the right house with good Feng Shui so that you and your loved ones can enjoy peace of mind. This is to make sure that all the boxes are ticked...

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House prices along MRT lines

How do MRT stations affect house prices? Are house prices much lower further out you go from the city than when you are nearer? I chanced upon the following few charts produced by SRX and found that some insights could be gained when location data combined with house prices was visualized in a manner that facilitiates a certain way of thinking. In summary, prices further out from the city (Raffles Place, City Hall, Bayfront areas) get progressively lower, which is to be expected, until they are about 40-50% of that in the city. While people intuitively know prices further...

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