Real Estate Daily News
11th January 2018
Singapore Real Estate
Is divestment of office assets on the cards for Alpha-CDL tie-up in '18?
The earlier-than-anticipated recovery in Singapore office rents last year helped to fuel investment interest in office properties on the island. The string of office investment deals in 2017 included Asia Square Tower 2 in Marina View, PwC Building in Cross Street and Chevron House in Raffles Place. This flurry of activity has led some market observers to wonder if a portfolio of less high-profile office assets transacted a short while ago, might come onto the market this year.
Sluggish housing rentals may find footing in second half of 2018
Singapore's housing rental market remained sluggish last month, but full-year rental declines in 2017 were more moderate than the year before. This confirmed the view of most analysts that notwithstanding the rental market's continued languor, rents will gradually find their footing in the second half of this year. Rents of private non-landed homes slipped 0.3 per cent in December from a month ago, bringing the full-year decline to 0.5 per cent. HDB rents also marked a 0.6 per cent fall in December from November, bringing the full-year decline to 3.5 per cent.
Singapore property prices seen to rebound in 2018
Credit Suisse Group and Morgan Stanley are calling the end of Singapore's property downturn, after a second consecutive quarterly increase in private residential prices. Home prices may rise as much as 10 per cent this year, according to analysts at Credit Suisse, while Morgan Stanley and OCBC Investment Research expect as much as an 8 per cent increase, according to reports from the brokerage firms.
S'pore tops Asean for 2018 property market growth forecasts
Singapore's property market looks the most promising among a ranking of Asean markets. Morgan Stanley Research, which compiled the league table, is so bullish that it expects home prices here to rise 8 per cent this year and again in 2019, with demand outweighing a tight supply. It also expects higher sales of new homes as a buoyant collective sale market drives up demand while reducing the supply of units to buy.
OUE Lippo Healthcare to place out shares to Itochu for S$78.8m
OUE Lippo Healthcare (OUELH) is raising S$78.75 million via a private placement to trading company Itochu Corp, which it says will strengthen its financial position and enable it to execute its business plans. Through its indirect wholly-owned subsidiary Browny Healthcare, Itochu will acquire the shares at an issue price of 14 Singapore cents apiece, giving it a 25.3 per cent stake in OUELH on a fully diluted basis.
GSH unit incorporates property development company in China
Mainboard-Listed property developer GSH Corporation's subsidiary, GSH (Xi'an) Investments, has incorporated a property development company in China. Called GSH (Xi'an) Property Development Co, the China unit has registered capital of S$135.25 million. The move is in line with the group's expansion plans into China, it said in an exchange filing on Wednesday.
Cryptocurrency player Ripple keen to set off blockchain waves
The cryptocurrency firm Ripple is already an established presence in Singapore and is keen to finds ways to develop the use its blockchain technology. Ripple's CEO Brad Garlinghouse said the company, which set up an office in Singapore last September, is among the firms that have held early talks to be part of the Monetary Authority of Singapore's experiment in cross-border payments using blockchain technology.
Views, Reviews & Forum
Three trends shaping taxation for businesses
The pace of change in the tax landscape has been unrelenting and the changes are fundamentally and permanently altering the way businesses and individuals deal with taxation. Singapore is not spared from this. Globalisation, international tax reforms and digitalisation are disrupting the tax world.
Why low inflation is no surprise
The fact that inflation has remained stubbornly low across the global North has come as a surprise to many economic observers. In September, the always sharp and thoughtful Nouriel Roubini of New York University attributed this trend to positive shocks to aggregate supply - meaning the supply of certain goods has increased, driving down prices.
Global Economy & Global Real Estate
World Bank revises 2018 growth upwards, but warns upswing will be fragile
Real estate investing startup Cadre partners with Goldman Sachs
Cutting out Brussels middleman, UK ministers make Brexit pitch to Germany
Brexit caused 37% fall in new London financial jobs in December: report
Developing a globally competitive life sciences industry
Vancouver mayor will not seek re-election amid housing crisis
Sydney homes aren't so attractive to Chinese investors this year
Declines in major industries drag China factory inflation down
China's top developers poised for strong sales as debt woes linger
China Premier Li says 2017 GDP growth expected around 6.9%
Real estate still seen in HK as safest store of wealth
Is Hongkong housing market boom over?
Hong Kong property awash in cash shielded from interest rates, HSBC says
Cambodia finds new target for real estate: China investors
Additional Articles of Interest - Local & Overseas Real Estate
Local & Overseas Real Estate - Full Article