Property Market Sentiments

Values of properties or values of hotels down or just another isolated deal ?

http://www.businesstimes.com.sg/real-est...f-all-heng

Stable, sustainable property market in interest of all: Heng
Developers, however, still grappling with impact of cooling measures
By
Lynette Khoolynkhoo@sph.com.sg@LynetteKhooBT

NOV 6, 20155:50 AM
Singapore
IT is in the interest of all stakeholders to have a stable and sustainable property market in Singapore, Minister for Finance Heng Swee Keat told industry players at the Real Estate Developers' Association of Singapore (Redas) anniversary dinner at Marina Bay Sands on Thursday night.
"The industry, homeowners and the government have a shared interest in ensuring a stable and sustainable property market. Indeed, the US subprime debacle and the ensuing Global Financial Crisis in 2007-08 have reminded us starkly of the perils of credit and property bubbles, and the risks of asset markets becoming de-coupled from the economy's underlying fundamentals," Mr Heng reminded the audience.
"The consequences have been severe in the US, as a housing market collapse quickly cascaded to the financial system and led to a recession, not just in the US, but in the rest of the global economy."


These remarks come even as property players continue to chafe at the impact of government cooling measures on recent years. They highlight a host of issues that face developers here - from an oversupply of residential units to a ballooning unsold inventory and rising costs of construction and operations.
Thus, prices "cannot drop too deeply without affecting the quality of our products and operational obligations", Redas president Augustine Tan said at the event.

Free mkt, u do u pay...

http://www.straitstimes.com/business/pro...tor=CS3-17


The Straits Times
Home oversupply a concern: Redas, Property News & Top Stories - The Straits Times
Property News -The oversupply of residential units is affecting values but, with rising costs of development, prices cannot drop too deeply without affecting product quality, argued the president of the Real Estate Developers' Association of Singapore (Redas).. Read more at straitstimes.com.

Why property developers expect their bottom lines to be guaranteed ? They expect risk free biz model !

(06-11-2015, 09:58 AM)cfa Wrote: Why property developers expect their bottom lines to be guaranteed ? They expect risk free biz model !

Government would not tolerate on the plight of the developers, but they do concerns where pieces of land are being sold at cheaper price. Surprisingly and sadly, even now the developers have not really soften their aggressiveness in land bidding.

(06-11-2015, 10:38 AM)valuebuddies Wrote:

(06-11-2015, 09:58 AM)cfa Wrote: Why property developers expect their bottom lines to be guaranteed ? They expect risk free biz model !

Government would not tolerate on the plight of the developers, but they do concerns where pieces of land are being sold at cheaper price. Surprisingly and sadly, even now the developers have not really soften their aggressiveness in land bidding.

Developers soften their land bidding, govt will say price too low and wont sell.

(06-11-2015, 10:44 AM)Bibi Wrote:

(06-11-2015, 10:38 AM)valuebuddies Wrote:

(06-11-2015, 09:58 AM)cfa Wrote: Why property developers expect their bottom lines to be guaranteed ? They expect risk free biz model !

Government would not tolerate on the plight of the developers, but they do concerns where pieces of land are being sold at cheaper price. Surprisingly and sadly, even now the developers have not really soften their aggressiveness in land bidding.

Developers soften their land bidding, govt will say price too low and wont sell.

That's a chicken and egg question, but from the basic instruction before leaving earth, we know that the key to chicken or egg is its creator. Likewise the key to affordable housing is not about the land price or developer's margin, but all about the government policies.

http://www.straitstimes.com/business/pro...tor=CS3-17

The Straits Times
Industrial property sector set to face glut: Savills, Property News & Top Stories - The Straits Times
Property News -An oversupply of industrial property is looming, with about 40.4 million sq ft of factory and warehouse space set to be launched over the next few years, property consultancy Savills warned yesterday.. Read more at straitstimes.com.

ST: Suburban malls shine amid retail gloom

   City centre malls such as Ion Orchard (above) have felt the heat of the dip in Singapore's retail sector.PHOTO: REUTERS
Published
2 hours ago
  [/url]
They have performed better than those in city centre, but have also seen falling rents
[url=http://www.straitstimes.com/authors/rachael-boon]Rachael Boon

Suburban malls in the right location seem to be the only bright spots in the gloomy retail property scene, going by results from the September quarter.
R'ST Research director Ong Kah Seng noted yesterday that these malls have been performing better than those in the city centre.
The numbers from Frasers Centrepoint Trust underline the point.

Its suburban malls were the steady performers in the three months to Sept 30, with rents and occupancy rates holding up despite the overall weak retail sector. It reported higher revenue contributions from Causeway Point, Changi City Point and Northpoint, which made up 85 per cent of net property income for the fourth quarter.
CapitaLand Mall Trust (CMT) reported lower gross revenue from outlet mall IMM Building in Jurong East, due to ongoing renovations that began in July last year, but CMT's portfolio occupancy remained high at 96.8 per cent as at Sept 30. The trust also completed the acquisition of Bedok Mall, acquiring all the units in Brilliance Mall Trust and saying it complements the "current portfolio of mainly suburban malls... (and) strengthens our presence in the eastern part of Singapore".
SPH Reit's The Clementi Mall enjoyed 100 per cent occupancy during the 12 months to Aug 31.

What do you think? IMO, very likely...

Credit Suisse sees SIBOR reaching 2% by end 2016

SINGAPORE (Dec 18): Credit Suisse expects the SIBOR to rise to 2% by end of 2016, from 1.1325% now, following the much-anticipated rate hike by the US Fed.
...
http://www.theedgemarkets.com/sg/article...2-end-2016