China may start reit next year: Industry group
Move could lead to the listing of US$60b worth of buildings in 5 years China could kick-start a property trust market next year to give its pension funds and insurers an alternative to volatile stocks and meagre returns from government bonds, according to an industry group. The move could lead to the listing of as … Read more
Europe commercial property dips
But price drop unlikely to be as much as in the UK, says CBRE Commercial property prices on the European mainland are adjusting downwards in the wake of a global credit crunch but are unlikely to fall by as much as in the UK, a senior executive of CB Richard Ellis said yesterday. ‘We are … Read more
The bigger you are, the better you weather the storm
WHAT a difference a year makes. Last year, euphoria ruled asset markets. After a moribund three years which saw Singapore property values dive by some 45 per cent, the market sprang to life in 2007, fuelled by the robust stock market and supported by a slew of new infrastructure initiatives – most notably the integrated … Read more
Singapore property market approaching peak: report
SINGAPORE is still a safe haven for property investments but a market peak is approaching, Pacific Star says in a recent report. The Singapore-based property group is most bullish on the retail sector here, recommending that investors add to investments in that segment. The residential and office sectors, on the other hand, are rated ‘neutral’. … Read more
New-concept JTC factory aims to save cost and space
‘Practical’ hoisting system to replace expensive cargo lifts IN A move that could optimise land use and help businesses save on rentals, JTC Corporation has come up with a new concept for a ’small footprint high plot ratio’ standard factory to cater to small and medium-size enterprises (SMEs). This factory is likely to be three … Read more
Subsales carve out bigger slice of home deals
In some popular projects, average subsale prices slipped by up to 5% in the first five months SUBSALE volumes are down amidst a quieter property market, but a new study by Jones Lang LaSalle shows that in most parts of Singapore, subsales actually rose as a percentage of total private apartment and condo sales in … Read more
Office rents to rise 10%: RREEF
But no hike next year as new supply from key projects starts coming in OFFICE rents here are expected to rise a further 10 per cent or more this year – before growth all but disappears in 2009. According to a report by Deutsche Bank’s property arm RREEF, rental growth is expected to ‘evaporate’ by … Read more
Healthy weekend home sales as attractive pricing draws buyers
Price levels set below those at nearby units launched recently or not yet completed THE anemic property market received a shot in the arm during the weekend, with robust sales and buyers keen to show that they will still deal if the price is right. Suites 123 at Rangoon Road was sold out – a … Read more
Asia Dragon Fund ends drive with US$1.6b
THE ARA Asia Dragon Fund (ADF) has more than US$1.6 billion in its coffers after its third and final closing, ARA Asset Management said yesterday. This is shy of US$1.8 billion predicted last year. ARA drew about US$1.1 billion from investors ranging from pension funds, foundations and institutional investors, said fund director Anthony Ang. Some … Read more
Waterside homes win design nod
PINGGIRAN Bayou Village Homes, a 2.7-hectare enclave of 122 courtyard homes in the Malaysian town of Gelang Patah, has won the Fiabci Prix d’Excellence 2008 Award in the Best Residential category. Past winners of the award include New York’s Trump World Tower, Australia’s Twin Waters Sunshine Coast and Singapore’s Caribbean at Keppel Bay. Located 15 … Read more
