Tag Archives: economy

Big institutional investors buying up regional properties

Big institutional investors have been actively buying up properties across the region. Property investments by pension, insurance and sovereign wealth funds have doubled over the last two years. And some of these investments have spilled over into the Singapore property … Continue reading

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Housing the growing masses

Anyone in the research business will appreciate the complexity of the data and the gargantuan efforts involved in producing the Population White Paper and the Urban Redevelopment Authority’s (URA) Land Use Plan. After analysing historical data, projections were made based … Continue reading

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Property prices pose biggest risk to HK economy

The overheating property market remains the biggest risk factor to the stability of the Hong Kong economy, Mr Norman Chan, head of the Hong Kong Monetary Authority, said yesterday, adding that household debt was now at 59 per cent, close … Continue reading

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Limited immediate impact of Govt’s cooling measures

Transactions likely to have been inflated by buyers ‘rushing to complete purchases before the measures took effect’ The first collated property sales data for January suggests the latest round of cooling measures introduced last month may have had limited immediate … Continue reading

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Non-landed private residential resale prices up 0.6% in January

Resale prices of non-landed private residential units inched up 0.6 per cent in January, compared to December 2012, according to flash estimates released by the Singapore Real Estate Exchange (SRX). SRX compiles data from 11 top property agencies in Singapore. … Continue reading

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UIC doubles annual profit to S$391.6 million

Property giant United Industrial Corp (UIC) on Friday reported annual net profit doubled even as revenue fell, helped by a surge in fair value gains on the group’s investment properties. For the year ended Dec 31, UIC earned S$391.6 million, … Continue reading

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CapitaMalls Asia Q4 net profit dips 10% on-year

Shopping mall developer and operator CapitaMalls Asia announced on Thursday a 10 per cent on-year decline in its fourth-quarter net profit. The company attributed the drop mainly to lower fair value gains from investment properties in China and Singapore, as … Continue reading

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Global Logistic Properties posts 31% rise in Q3 net profit

Global Logistic Properties (GLP) has reported a 31 percent on-year rise in third quarter net profit to US$113 million. The logistic facilities provider benefited from a strong lease-up of development projects as well as rental growth in China. Group revenue … Continue reading

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Far East HT announces higher-than-forecast distribution

Far East Hospitality Trust has announced a higher distribution per unit (DPU) from its earlier forecast. At its maiden results briefing, the trust says DPU per stapled security will be 2.09 cents. This compared to its forecast of only 2 … Continue reading

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HK mulls more property curbs

Hong Kong monetary chief Norman Chan said more measures might be necessary to cool the city’s housing market as elevated household debt added to risks from property price gains over the past four years, Bloomberg news agency reported on Monday. … Continue reading

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