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Real Estate Daily News

18th January 2019 (Fri)
2019

Top Stories

CDL group GM is Redas new president
The Real Estate Developers' Association of Singapore (Redas) announced its new management committee for the 2019/2020 term, which is to be headed by City Developments Ltd (CDL) group general manager Chia Ngiang Hong as president.  He takes over from Augustine Tan, executive director of the Property Services Division in Far East Organization, who has served two terms.
https://www.businesstimes.com.sg/companies-markets/cdl-group-gm-is-redas-new-president

 

Singapore Real Estate

Singapore asset players find calm in Brexit storm
Singapore-listed property players aren't seeing a significant impact of the Brexit crisis on their operations and investments in the UK for now, but are watching developments closely.  They say that in the meantime, factors like solid leases, diversification and taking a long-term outlook will help them ride out the waves.
https://www.businesstimes.com.sg/government-economy/singapore-asset-players-find-calm-in-brexit-storm

Serangoon building back on market at lower price
A freehold six-storey commercial building at 291 Serangoon Road is being relaunched for sale at a lower price of between S$46 million and S$49 million.  The property was previously put up for sale last September with a guide price of S$52 million. 
https://www.businesstimes.com.sg/real-estate/serangoon-building-back-on-market-at-lower-price
https://www.straitstimes.com/business/property/freehold-commercial-building-in-serangoon-road-re-launched-for-sale-at-reduced

 

Singapore Economy

NODX down a surprise 8.5% in December
Singapore’s exports ended 2018 on a surprisingly weak note, with non-oil domestic exports (NODX) falling for the second straight month in December and dashing economists' expectations of a 2 per cent rebound.
https://www.businesstimes.com.sg/government-economy/nodx-down-a-surprise-85-in-december
https://www.straitstimes.com/business/economy/unexpected-85-drop-in-spore-exports

 

Companies' Brief

Forchn plans for second, bigger fund to shop for S-E Asian assets
The ink has barely dried since Forchn Holdings launched a US$150-million private equity fund last year to buy logistics real estate in South-east Asia but already the sponsor of EC World Reit has plans to launch a second, bigger fund.  The privately-held group, with diverse interests including real estate, manufacturing, e-commerce and logistics, had started raising the funds with local supply chain firm YCH Group to invest in warehouses in second- and third-tier cities in South-east Asia and China.
https://www.businesstimes.com.sg/companies-markets/forchn-plans-for-second-bigger-fund-to-shop-for-s-e-asian-assets

 

Global Economy & Global Real Estate

US business optimism ebbs amid headwinds
https://www.businesstimes.com.sg/government-economy/us-business-optimism-ebbs-amid-headwinds

US homebuilder sentiment gauge rises from 3-year low in January
https://www.businesstimes.com.sg/real-estate/us-homebuilder-sentiment-gauge-rises-from-3-year-low-in-january

UK home-sale expectations dip to 20-year low
https://www.businesstimes.com.sg/real-estate/uk-home-sale-expectations-dip-to-20-year-low

Asian economies have a tough start to 2019
https://www.straitstimes.com/business/asian-economies-have-a-tough-start-to-2019

‘Stealth easing’ spreads in China property as debt risks mount
https://www.businesstimes.com.sg/real-estate/%E2%80%98stealth-easing%E2%80%99-spreads-in-china-property-as-debt-risks-mount

Saudi Arabia to begin building homes in US$500b futuristic city
https://www.businesstimes.com.sg/real-estate/saudi-arabia-to-begin-building-homes-in-us500b-futuristic-city

 

Additional Articles of Interests - Local & Overseas Real Estate

Local & Overseas Real Estate - Full Article
http://www.asiaone.com/business
http://www.btinvest.com.sg/property
http://www.propertyguru.com.sg/market-news
http://www.srx.com.sg/singapore-property-news
http://www.stproperty.sg/articles-property/singapore-property-news/c/11
http://www.edgeprop.sg/property-news

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