Recent measures to cool the HDB resale market have led to fewer flats being transacted, but they have yet to make a noticeable impact on prices. According to HDB, resale flat prices rose 4 per cent in the third quarter of this year to hit yet another record. This is the ninth straight quarter of rising prices. Prices had risen 4.1 per cent in the second quarter compared to the first. The median...
General
Ascendas India Trust today reported total property income for 1H FY2010/11 ending Sept 30, 2010, was $60.5 million, an increase of 1% from the same period last year. Net property income was $37.1 million, or marginally lower by 1%. In Indian Rupee terms, total property income was 2% higher, while net property income was unchanged in 1H FY2010/11, compared to the year before. For 2Q FY2010/11, total and...
Singapore's measures to cool the property sector had a stronger effect on prices in the private housing segment in the third quarter than initially estimated. Final data released on Friday by the Urban Redevelopment Authority (URA) showed that overall private residential prices rose 2.9 per cent from the second quarter, slowing sharply after a gain of 5.3 per cent in the previous three months. URA's...
Property consultant Jones Lang LaSalle says Singapore is seeing one of the world's strongest growth in real estate investment transactions. In its Global Market Perspective report, it says shortages of prime assets for sale are constraining investment volumes. This has led to Singapore, Australia, Sweden and China experiencing the highest property investment growth as those countries have robust economic...
The HDB resale market saw prices reaching another record level in the third quarter despite measures to cool the property market announced in August. The resale price index (RPI) rose a further 4 per cent to yet another new high of 167.8 in the third quarter, with Cash-Over-Valuation (COV) remaining at S$30,000. Observers said measures announced to cool the property market, which kicked in on August 30,...
Frasers Commercial Trust has posted a 55 per cent increase in its fourth-quarter distribution per unit to 0.31 cents. This is in line with its higher distributable income which rose 78 per cent to S$14.2 million. For the three months ended September 30, Frasers saw net property income rise by 16 per cent to S$23.2 million. Revenue increased 14 per cent to S$29 million. This was partly due to better...
The new statutory board set up to regulate real estate agents, the Council for Estate Agencies (CEA), came into effect on Friday. It replaces the Inland Revenue Authority of Singapore (IRAS) as the issuer of licenses. Real estate agencies have until midnight on Friday to submit a list of their agents. According to estimates, there are about 30,000 agents in Singapore. However, as of 5pm on Friday, only...
Ascott Residence Trust (Ascott Reit) on Friday said its its third-quarter distribution per unit (DPU) dipped 4 per cent on-year to 1.85 Singapore cents. This is compared to 1.92 Singapore cents for the same period a year ago. Ascott Reit said this is due to the some 420 million new units issued in September this year to fund the acquisition of 28 properties in Asia and Europe. It added that excluding...
While prices of some private residential properties may have reached record highs, there are still opportunities for homebuyers and investors who hope to benefit from capital appreciation and long-term investment. However, potential buyers should carefully evaluate the prevailing and expected market conditions and any project-specific opportunities before going ahead with a private home purchase. A...
Historically, the Singapore office market has not been a very volatile one when compared to other major markets such as Hong Kong. However, in recent years the market here has become much more volatile than usual, as can be seen during the last cycle. Rents grew very rapidly from around $5 per square foot per month (psf pm) in 2003 and 2004 to a peak of $18.40 psf pm in Q3 '08. Rents then fell very...