After July spike, developers seek clues in next few months

NEW home sales in June dropped almost half from May - but the numbers will jump back up this month with the last-minute buying frenzy the night before a new round of cooling measures kicked in on July 6.

Singapore developers sold over 40% fewer homes in June than in May

SUBDUED sales in new residential launches in the month of June resulted in over 40 per cent fewer homes being sold by developers than a month ago.

Latest curbs could see developers lower prices up to 10%

DEVELOPERS may trim prices of new launches by as much as 10 per cent from their earlier indications in response to the latest round of property cooling measures, with high-end homes likely to see bigger adjustments, analysts say.

SPH Reit posts flat Q3 DPU of 1.37 cents

RETAIL landlord SPH Reit has declared distribution per unit of 1.37 Singapore cents for the third quarter ended May 31, unchanged from a year ago.

SPH Reit's Q3 DPU held steady at 1.37 cents

RETAIL landlord SPH Reit declared distribution per unit of 1.37 Singapore cents for the third quarter ended May 31, unchanged from a year ago. 
HOCK LOCK SIEW

More visibility needed in renewal of land tenure for industrial Reits

THE government's move to shorten industrial land leases has clearly served its purpose well in keeping costs down for end-users. On the other hand, it has been a bane for industrial Reits, which have found limited room for expansion locally and sought out greener pastures overseas in recent...

Oxley sold homes worth S$1b; expects 12-19% net margins for new launches

OXLEY Holdings, one of the most highly-geared developers listed in Singapore, has sold S$1 billion worth of residential units from five project launches here so far this year.
PROPERTY CURBS

Over 1,000 condo units sold in one night as buyers race the clock

IN JUST one night, over a thousand units were sold in three condominium projects, which were launched in knee-jerk reaction to the announced changes to the additional buyer's stamp duty (ABSD) and loan-to-value (LTV) limits...
PROPERTY CURBS

No rationale for tough cooling measures: Redas

THE government's latest measures to cool the private residential market drew a sharp response from the Real Estate Developers Association of Singapore (Redas)...
COMMENTARY

Property curbs: Ahead of the curve but too much?

THE government has deemed it fit to curb the steep rise in private home prices in recent quarters with a surprise tightening of cooling measures on Thursday. The tough measures shocked many and also raised the pertinent question - why use a sledgehammer on a market that may be showing signs of...

Govt raises ABSD, tightens LTV limits to cool Singapore property market

IN a bid to cool the residential property market and prevent prices from running ahead of economic fundamentals, the Singapore government has decided to raise the additional buyer's stamp duty (ABSD) and tighten loan-to-value (LTV) limits on residential property purchases...

Horizon Towers back on collective sale market with S$1.1b reserve price

IN 2009, the S$500 million collective sale bid of Horizon Towers fell apart following a rancorous dispute among the owners, and the Court of Appeal's finding that the sales process was improperly handled. ...

Two small condos launched for collective sale

TWO small condominiums suitable as sites for boutique developments were launched for collective sale on Tuesday, adding to the growing list of sites in the private en bloc market looking for a buyer.

Two more residential sites up for collective sale

TWO more residential sites have been launched for collective sale on Tuesday (July 3), which their marketing agent says are suitable for boutique developers.

New peak in Singapore private home prices expected by the end of 2018

IT TOOK 15 quarters of market corrections to bring private residential prices down by 11.6 per cent in the second quarter of 2017, but it may take only five to six quarters of market recovery to bring prices back up if the current momentum holds.

BreadTalk's JV firm partners Song Fa Holdings to grow in Shenzhen, Guangzhou

BREADTALK Group Limited said on Monday that a new partnership has been forged between its joint venture company BTG-Pindao Venture and Song Fa Holdings to operate and manage the Song Fa brand of restaurants in Shenzhen and Guangzhou.

Singapore private home prices up 3.4% in Q2: URA flash estimates

PRIVATE home prices rose 3.4 per cent in the second quarter, keeping pace with the 3.9 per cent increase in the first quarter, flash estimates from the Urban Redevelopment Authority (URA) shows.

China Taisan gets time extension to name independent special auditor, independent director

CHINA Taisan Technology Group Holdings has received an extension of time from the Singapore Exchange (SGX), to appoint an independent special auditor and a second suitable independent director resident in Singapore by July 13.

Vard to hold second EGM on delisting on July 24; Fincantieri extends offer to Aug 7

SHAREHOLDERS of Vard Holdings will meet on July 24 to vote again on a proposed delisting after a new circular overcame initial concerns by Singapore Exchange Regulation (SGX Regco), the shipbuilder announced on Monday.

Koh Brothers Eco Engineering proposes rights cum warrants issue

KOH Brothers Eco Engineering Limited said on Friday that it is proposing a renounceable non-underwritten rights cum warrants issue of up to 523.32 million new shares at an issue price of 4.5 Singapore cents apiece. 

Canberra Link EC site likely to be hotly contested

THE scarcity of land parcels released to build executive condominiums (ECs) could turn developers' attention to plots in Canberra Link and Anchorvale Crescent under the government land sales (GLS) programme, consultants say...

Four residential sites released under H1 2018 GLS programme

FOUR residential sites were released for sale on Thursday under the first-half 2018 Government Land Sales (GLS) Programme.

CapitaLand Retail China Trust issues S$130m, 3.25% four-year bond

CAPITALAND Retail China Trust (CRCT) is issuing a S$130 million bond that will mature on July 4, 2022.

Oxley unit acquires 5% stake in Malaysia land owner

OXLEY Holdings Limited said its wholly owned subsidiary, Oxley Star Sdn Bhd, has acquired a 5 per cent stake in Beverly Heights Properties Sdn Bhd (BHP) for RM22.5 million (S$7.6 million).

Govt keeps H2 GLS housing supply on par with H1

THE government is seen taking a balanced approach in ensuring adequate residential land supply in the second half of this year to meet homebuyers' demand without exacerbating a potential supply glut, consultants say...