Jurong West EC site and Bedok mixed-use tenders presage bumpier ride ahead The Real Estate Developers' Association of Singapore (Redas) elicited much controversy when it launched its Real Estate Sentiment Index (Resi) for Q2 2010. Sceptics questioned the credibility of developers as they would have a natural vested bias towards generating positive sentiment, which would help them sell their...
General
Launch prices of new condos often raise resale values of nearby developments When the show flat of a new residential project is ready, the new kid on the block often creates a buzz among the residents living nearby. People are generally curious about what the project looks like, its launch and completion date, and most importantly, the launch price. Homes in these new projects are often priced higher...
In business strategy classes, we often learn that the most successful businesses are the ones that are early leaders in identifying a need or are able to create a market by convincing consumers to pay for something which they never knew they wanted. In the last property boom, the race was to build the biggest and priciest apartment. To achieve this, projects were co-branded by contracting renowned...
ANZ Bank offers unique floating rate mortgage ANZ Bank has launched a new floating rate home loan, believed to be the first of its kind here. The bank claims it could reduce the anxiety of homeowners because the loan is pegged to at least two reference rates, unlike the banking norm in Singapore where home loans are usually pegged to only one. Floating rate home loans are usually pegged to either the...
Ascott Residence Trust, the serviced apartment operator partly owned by CapitaLand, said it will buy 28 properties in Europe and Asia from Ascott for $969.6 million. Ascott Residence will also sell its stake in a Beijing serviced residence property for $214 million to Ascott, it said in a statement to the Singapore exchange. The purchase will increase Ascott Residence’s asset size to $2.85 billion, it...
Investors are now able to better spot opportunities in the global commercial property market with a new tracking index launched yesterday. The DTZ Fair Value Index susses out investment opportunities in commercial properties in a particular market by comparing expected returns with risk-adjusted required returns over a five-year investment period. The index then gauges the market's attractiveness by...
Overseas Union Enterprise's latest residential offering, Twin Peaks, is poised to test the high-end luxury condominium market amid expectations of slower economic growth in the second half of the year. This project is located in the District 9 Leonie Hill and River Valley area, and is expected to be launched next month. Nearby, in Orchard Boulevard, two projects - The Orchard Residences and Boulevard Vue...
Unruffled by the moribund United States housing sector, New York's residential property market is booming. With mortgage rates and property prices at historic lows, the city's affluent residents are cashing on the economic conjuncture to get a pad at bargain values. Real estate agencies are reporting a surge in activity in private home sales in the Big Apple in recent months. "Right now we are actually...
Some shop tenants at the Jurong East, Clementi and Bukit Batok train stations are hoping for rental rebates from SMRT, which manages the stations. This follows the announcement that those stations will not have train services on a few days in September due to upgrading works. Some tenants estimate that they will suffer a loss of a few hundred dollars in earnings for each day the trains do not run from...
Asia Pacific commercial properties are offering attractive returns to investors based on current pricing in global property markets. That's according to the Asia-Pacific all-property DTZ Fair Value Index which was launched in Asia on Thursday. DTZ said the Index offers investors insight into the relative attractiveness of current pricing in global commercial property markets. An Index score above 50...