Singapore-listed real estate investment trusts (REITs) have paid out a whopping S$2.9 billion in total dividends over the last 12 months, according to the latest data from Singapore Exchange's investor education portal SGX My Gateway. Although REIT prices have taken a bit of a knock recently, analysts say they remain upbeat on the long-term investment prospects of SGX-listed REITs. In the last 12...
General
Mainland Chinese investors top the list of foreign buyers of private property in Singapore from January to October this year, research published yesterday (Nov 4) revealed. According to numbers compiled by OrangeTee Research, 34 per cent of foreign property-buyers (excluding permanent residents) in Singapore this year were from China. Buyers from China view Singapore as a favourable property...
After holding the top spot for the past two years, Singapore has fallen to third place in an annual global survey on the most desirable countries for expatriates to work and live in. The Republic lost its crown in the HSBC survey this year - ranking behind China and Germany - amid concerns among respondents over job market security, integration with locals and the rising cost of living. The survey...
About one-third of the units at the newly launched Waterwoods executive condominium (EC) project in Punggol have been sold over the weekend. The project comprises a total of 373 units. Among the units sold were five-bedroom units and maisonettes with private lift lobbies. Developer Sing Holdings said more than half of the 48 units with private lift lobbies have been snapped up. Waterwoods is...
The absence of new executive condominium (EC) launches between now and the second half of next year is unlikely to translate into higher demand for private condominiums, analysts have said. There will be a lull of six to eight months before the next launch, as a rule introduced in January only allows developers to launch EC units for sale 15 months after the date the sites were awarded, or after...
Changes could be in store for the Kallang area's landscape, with the expected completion of Singapore Sports Hub in April 2014. Analysts believe this could be reflected in the Urban Redevelopment Authority's Masterplan, which is due to be updated this year. They said the needs of the Kallang area could change, with the Sports Hub attracting more people and vehicles. Some analysts said zoning of...
The Real Estate Developers' Association of Singapore (REDAS) said it hopes the Singapore government will moderate and calibrate its land sales programme. It said this is to ensure that land supply is injected at an appropriate pace that will contribute to the overall health of the market REDAS President Chia Boon Kuah said: "As long as homes are purchased with sound reasoning, we believe in riding...
Following the announcement of new property loan curbs in June, Singapore banks DBS and OCBC said new housing loan applications have fallen 30 per cent in the third quarter. Still, both banks expect to continue to see positive loans growth, as previously contracted commitments are still in the loans pipeline. However, OCBC said this momentum could taper off in the second half of next year. The bank...
As expected, the recently-released Real Estate Sentiment Index weakened in the third quarter. This is not surprising at all, considering that developers sold only 2,430 private homes in the quarter — their weakest showing since the fourth quarter of 2009 and down from 4,538 units sold in the second quarter, official figures show. And if you had visited any of the project launches between June and...
While property cooling measures and the total debt-servicing ratio (TDSR) framework have dented demand for private housing, CapitaLand’s sales in Singapore do not seem to have been affected. CapitaLand, the largest-listed developer in South-east Asia, sold over six times more units in the traditionally quiet third quarter compared with a year ago, its earnings report showed yesterday. The company sold...