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3.47........✿ ~~✿ ~~✿
lyn_lyn ( Date: 15-Jul-2015 09:17) Posted:
3.43......✿ ✿ ✿ ~~✿ ✿ ✿
lyn_lyn ( Date: 15-Jul-2015 09:14) Posted:
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make sure you let Mr Tharma and Mr Khaw know your views. make a difference pls
their email is available below. rgds
http://app.sgdi.gov.sg/search.asp
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I dont think the government would lift cooling measures in view of the coming election. Prices have run up by about 30% but cooled by less than 15%. Maybe after the election but in the mean time my guess is further pain before any gain. COE too should move down to make the ground sweeter for the ruling party in the coming election.
lyn_lyn ( Date: 18-Jul-2015 16:33) Posted:
The property cooling measures easing is expected in view of the lousy numbers........
lyn_lyn ( Date: 15-Jul-2015 14:58) Posted:
Fewer properties sold at auctions even as number of listings soar
Only 7 properties were successfully sold in Q2.
Fewer properties were sold at auctions in the second quarter although the number of auction listings soared, according to a report by Knight Frank.
Knight Frank noted that only 7 properties were successfully auctioned off in Q2, a significant decline of 36.4% quarter-on-quarter, or 22.2% year-on-year.
An overall success rate of 3.9% was achieved, down from 6.3% in the first quarter. The success rate for properties under mortgagee sales also marked its first quarter of decline over the last one year, falling to just 9.5% in Q2 from 18.5% in the previous quarter.
Similarly, total auction sales value fell by 72.1% quarter-on-quarter in to $10 million.
" The declines in success rate and sales value could also be attributed to a recent shift in the buying approach for auctions an increasing number of potential buyers prefer to enter into post-auction private treaty arrangements. Other potential buyers are observed to be holding out during auctions, while on a lookout for rare properties that fit their price expectations. There continues to be a wide disparity in price expectations for buyers and sellers," Knight Frank said.
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Outlook for Singapore condo market........
Without a doubt, the cooling measuresimplemented during 2012 and 2013have applied the brakes to what manyhave begun to view as a dangerouslyoverheated property sector. Over thepast seven quarters, we have seen thereverse happening, with sluggish salesvolumes of private condominiumsappearing to be the norm, suggestingthat successive rounds of coolingmeasures have been very effective. Andwithout further indication from thegovernment if they will be maintained,market sentiment is that this trend couldcontinue for the time being.
Impact on price
It has been widely recognised that ofthe different regulations that wereimplemented, the Total Debt ServicingRatio (TDSR) and Additional BuyersStamp Duty (ABSD) have been the twomost effective measures to cool theproperty market.
In fact, since the implementation ofthe TDSR in June 2013, we have hadseven consecutive quarters of price fallsin the private condo market since itspeak in Q3 2013. TDSR limits borrowingto 60 percent of your monthly income,including all forms of debt, such ashousing, car, and personal loans. This isto prevent over-stretching ones finances.
ABSD, on the other hand, is thevehicle to curb speculation by Singaporeanswho can afford more than one home as well as the influx of foreigners frombuying. Here are the rates for ABSD, ontop of the basic stamp duty of 3.0 percent:
Singaporeans: +0% / 7% / 10%(1st / 2nd / 3rd and more)
PRs: +5% / 10% (1st / more than one)
Foreigners: +15% for any number ofresidential property
Over the last seven quarters since thepeak in Q3 2013, the overall privateresidential property index has droppedby 7.2 percent. Across quarters, the fallhas been rather uniform, averaging 0.9percent per quarter. The first twoquarters in 2015 were not different, at-1.0 percent in Q1 and 0.9 percent inQ2 (see chart 1).
According to data from the UrbanRedevelopment Authority (URA), variousparts of Singapore were affected toadifferent extent, since Q3 2013.
Quick facts:
Core Central Region (CCR):
The Core Central Region (CCR)consists of districts 1, 2, 9, 10 and 11,stretching from Singapores CentralBusiness District to Orchard Road,Cairnhill, Tanglin, River Valley, Newtonand Bukit Timah. Due to its primelocation and convenience, the residentialdevelopments in the CCR are the highestpriced and most sought-after. It typicallyconsists of luxurious homes and isconsidered an enclave for the wealthy.
For the past half a year, the price indexof non-landed private properties in theCCR dropped the least among the threeregions, recording a decline of 0.9percent. This followed a rather turbulentfive quarters previously for the region, witha -6.2 percent drop in the price index. Itstarted with a big drop of 2.1 percent inQ4 2013, followed by an average of 1.0percent per quarter in 2014, and thensoftened to 0.4 percent and 0.5 percent inQ1 and Q2 this year respectively.
This is in line with general markettrends when a market slowdownhappens, the CCR will be the first to gethit the worst. Conversely, when themarket picks up, it is also this region thatwill move first with the strongest growth.
The presence of some new launchescould help to cushion the marketslowdown. Marina One Residences,launched in Q3 2014, has sold some 84percent of its launched units so far. Theprice drop in the CCR has now trickled tobelow 0.5 percent per quarter, possiblyshowing early signs of price stabilisation.
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Rest of Central Region (RCR):
The RCR, traditionally known as themid-tier market, continues to be apopular area that home buyers oftenhave their eyes on by virtue of its relativeproximity to the CBD.
Popular areas include: Bishan, BukitMerah, Geylang, Kallang, Marine Parade,Queenstown and Toa Payoh.
The region is seeing a number of newdevelopments that are drawing buyers insearch of a greater selection of high qualitycondo options in smaller sizes, and atlower price points than those available inthe CCR, yet still within easy reach of thecity centre.
This offers savvy investors the opportunityto enter into a growing property marketin a popular area, without the price tagsassociated with the higher end of thecondo market in the CCR.
Amongst the three regions, the RCRwas the only one that didnt show adecline in Q4 2013. It managed to see a+0.4 percent increase over Q3, possiblydue to the shift of original buyers ofproperties in the CCR to consider theRCR.
Property prices took a bad turnthereafter moving into 2014, RCR wasthe worst-hit region, with a -5.3 percentprice drop for the full year. The declinecontinued into Q1 2015 at -1.7 percent,which then slowed down to -0.5 percentin Q2.
Outside Central Region (OCR):
The OCR is widely recognised as thesuburbs of Singapore, and includes thedensely populated neighbourhoods ofPunggol, Woodlands and Jurong, wherea wide variety of mass market condominiumsare located together with, in recentyears, an increasing number of executive
condominiums (ECs).
Although traditionally seen as arefuge for those who cannot afford theprices associated with condos in theCCR or RCR, this view has begun tochange as new projects appealing tomore savvy and upwardly mobileinvestors are appearing across the OCRskyline.
Today, the lure of private developmentsin the OCR lies in the perfectcombination of price, location, size andsurrounding amenities.
With the private property price indexdropping 1.0 percent in Q4 2013compared to the quarter before, its pricemovement in 2014 was very subdued, atonly -2.2 percent. This was mainly due tomany new launches in the OCR, whoseprice points were very attractive to HDBflat upgraders. However, good thingsdont last going into just the first half of2015, prices have already dropped by-2.3 percent.
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We see this as a natural progression.With prices in the RCR dropping by -7.1percent since the peak of Q3 2013 and-5.5 percent in the OCR, their prices areconverging.
Price trends:
The top left chart says it all propertiesin the OCR are overpriced. Takingthe base point (100) at Q1 2009, pricesin the CCR have grown +30 percent, +42percent in the RCR, and +60 percent inthe OCR. Coupled with the correlationbetween demand and supply, and withprice as the third factor, the land scarcityin the CCR and RCR should cause pricesto increase, and the prices in the OCR todecrease due to land abundance.
This could be due to successfulplanning on the governments part todecentralise the financial and servicesbusiness from the CBD towards thesuburbs, thereby increasing the popularityand demand of housing near to theseregional centres. Some examples of suchbusiness parks and business clusters areWoodlands Regional Centre and JurongLake District. With smaller businesszones identified outside the CCR, in timeto come, it may be irrelevant to compareprices across the three regions, butinstead, the distance from each businessor satellite town.
That said, there is still room for furthermoderation of property prices in the OCR.
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Volume
Based on initial flash numberscollated, 3,748 units of non-landedprivate properties were sold in the firsthalf of this year - a 29 percent decrease incomparison with half-yearly results of H22014. It is worse when we compare ityear-on-year (H1 2014), at a 41 percentdecrease.
Of all the quarters since Q3 2013, wesaw more new launches sold than resale,except for Q1 2015.
Transaction volumes are greatlyaffected by the number of new launches and usually those that are priced for themass market. In the chart below, we seethat there is a direct correlation betweennumber of new units launched, and thenumber of new launches transacted.
In 2015, about 15,000 units areestimated to be launched by the end ofthe year. In the first half of 2015, only1,813 units for sale were recorded.
We expect an upswing in take-uprates, with more mass market-pricedprojects set to be launched in the secondhalf of the year. In the first half, four newprojects reported relatively good sales,namely:
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NUMBERS DON' T LIE...........FACTS DON' T LIE.........
China home prices continue to rise in June.....
BEIJING, July 18 - China' s real estate market continued to warm up in June, with new home prices in an increasing number of surveyed cities registering month-on-month rises. Of 70 large and medium-sized cities surveyed in June, new home prices climbed in 27, up from the 20 in the previous month, while 34 reporting month-on-month price declines, down from May' s 43, according to data released on Saturday by the National Bureau of Statistics......
Ascott and Qatar Investment Authority to set up US$600m fund
15 Jul 2015 09:00
THE Ascott Limited, the serviced residence arm of CapitaLand, is partnering Qatar Investment Authority (QIA) to set up a US$600 million fund with an initial focus on investing in Asia-Pacific and Europe.......
CapitaLand kept at buy & with price target of $4.11 by DBS
SINGAPORE (July 14): CapitaLand (  Financial Dashboard) (CAPL) aims to launch five to six private equity funds with assets under management (AUM) of $8 billion to $10 billion by 2020........................................
Review of cooling measures : Shanmugam.......
The Singapore governments decision to tweak the property cooling measures will not be dependent on the election,
but on various factors such as
1. the state of the economy,
2. situation of the property market and
3. wage growth
said Law and Foreign Affairs Minister K Shanmugam and reported by Channel NewsAsia.........
Salaries in Singapore to increase 4.5% in 2015: Survey
Increase is to due to the Government' s tight monetary policy and stabilising of property prices, said Towers Watson
Private residential property prices down 0.9% in Q2:
URA This is the seventh straight quarter of decline. Overall private residential property prices declined by 0.9% in Q2, according to flash estimates released today by the Urban Redevelopment Authority (URA)........
Resale prices of HDB flats dropped 0.4 percent in Q2 2015 after declining 1.0 percent in the previous quarter
its eighth consecutive quarter of price falls, revealed flash estimates from the housing board........
Singapore' s economy headed for slowest pace of growth in six years, says DBS GDP will contract in Q2.
Singapore' s 50th anniversary will be marred by extremely lacklustre economic growth, according to a new report by DBS.......
WHO IS LYING???........LOL..........(thumbs down......lol)
buysellbuysell ( Date: 17-Jul-2015 17:27) Posted:
http://www.dealstreetasia.com/stories/capitaland-sells-bedok-mall-to-capitaland-mall-trust-for-s780-mil-9230/
capitaland trying to raise it' s EBITA probably and also need cashflow... absorbed capitamallsasia already now selling off things to it' s babies..
indirectly asking monies from it' s babies probably....
slow down in global property sectors and also in china sectors...
i' ll maintain TP of 2.7x for this counter capitaland
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BEIJING--The average price of new homes in 70 Chinese cities rose for the second straight month in June on a month-over-month basis, as repeated policy easing moves by the central government and local governments as well as earlier stock-market gains strengthened housing demand.
Home prices rose by 0.16% in June from May, following the 0.06% gain recorded in May, The Wall Street Journal' s calculations from data released Saturday by the National Bureau of Statistics showed. May' s reading had been the first positive showing after 12 consecutive months of decline.
On a year-over-year basis, the decline in home prices narrowed in June, falling 5.4% from May' s 6.0% drop. The index first showed a year-over-year fall in September.
Housing sales started to pick up in major Chinese cities in April this year, after the nationwide property-market downturn that started in 2014 sparked concerns about a hard landing for the world' s second-largest economy, which is currently experiencing its slowest growth in more than two decades.
The central bank cut interest rates for the fourth time in seven months in June and lowered the amount of money banks have to set aside as reserves, which should help increase liquidity and boost economic activity.
Beijing also relaxed mortgage requirements for second-home buyers and local governments have expanded the amount of loans home buyers can apply for through the housing provident funds. Gains in the domestic stock market have also fueled some homebuying activity in the major cities.
With mortgage rates now at multiyear lows, the improved appetite for homes are spilling out of the first-tier Chinese cities such as Beijing, Shanghai and Shenzhen into second-tier cities. Private-sector home prices rose in 27 cities in June on a month-over-month basis, compared with May' s 20. Home prices fell in 34 out of the 70 cities in June on a month-over-month basis, compared with May' s 43.
Third- and fourth-tier cities, many of which aren' t covered by the statistics bureau' s survey, plagued by hefty inventories, are still struggling with falling sales and prices.
Nationwide housing sales rose 12.9% on year to 2.89 trillion yuan ($466 billion) in the first half this year and gained 4.5% on-year in terms of volume, according to data released Wednesday. Analysts noted that while sales are up, real-estate investment and construction starts remain lackluster, indicating that the recovery in housing sales and prices have yet to impact the building industry.
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what do you think.......
" We believe the recent stock-market volatility will give the government further reason to ensure the stability and health of the property market," said Citi Research analysts Oscar Choi and Marco Sze.
They added that they expect Beijing to make further cuts to interest rates and bank reserve requirements........
as well as lower down-payment rates for first-home buyers........
buysellbuysell ( Date: 17-Jul-2015 17:27) Posted:
http://www.dealstreetasia.com/stories/capitaland-sells-bedok-mall-to-capitaland-mall-trust-for-s780-mil-9230/
capitaland trying to raise it' s EBITA probably and also need cashflow... absorbed capitamallsasia already now selling off things to it' s babies..
indirectly asking monies from it' s babies probably....
slow down in global property sectors and also in china sectors...
i' ll maintain TP of 2.7x for this counter capitaland
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CapitaLand cuts utilities cost for sustainability
01 Jul 2015 09:00
CAPITALAND LIMITED saved over S$76 million in cost avoidance for utilities from 2009 to 2014, reaffirming the Singapore-listed company' s commitment to sustainability, according to its Global Sustainability Report for 2014.
One of Asia' s largest real estate development companies, CapitaLand achieved a 13.6 per cent reduction in operational energy, a 21.6 per cent reduction in water consumption since 2008, and a 21 per cent reduction in carbon emissions intensity since 2008. The company' s share price also rose in 2014, from S$3.03 to S$3.31 at the end of the year. The total shareholder returns in 2014 was 11.9 per cent.
" As a sustainable real estate developer, we want to build a lasting company that adds value to our stakeholders across our diversified global real estate portfolio of integrated developments, shopping malls, serviced residences, offices and homes," said Lim Ming Yan, president & group CEO, CapitaLand Limited, in a statement.
Moreover, as a continuation of its efforts to encourage sustainability, the company also enabled the completion of a 1000-square-metre solar panel installation in May at Bugis Junction - the largest of its kind in an integrated development in Singapore. And in 2014, more than 4,500 tonnes of recyclable waste was collected from 85 of the company' s properties across 15 countries. The company expects to save about S$18 million annually, from 25 projects currently under development.
CapitaLand also stood out as the only Singapore company to be listed concurrently on Global 100 Most Sustainable Corporations, Sustainability Yearbook, Dow Jones Sustainability World Index, FTSE4Good and Regional Sector Leader in the Global Real Estate Sustainability Benchmark.
Conglomerate Keppel Corp said in its sustainability report released on Friday that its Singapore operations managed to consume about 30 per cent less direct energy in 2014 than in 2013. It added that it expects to save 530,983 gigajoules of energy - estimated to be worth about S$36 million per year - through energy-saving measures it took in 2014.
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The property cooling measures easing is expected in view of the lousy numbers........
lyn_lyn ( Date: 15-Jul-2015 14:58) Posted:
Fewer properties sold at auctions even as number of listings soar
Only 7 properties were successfully sold in Q2.
Fewer properties were sold at auctions in the second quarter although the number of auction listings soared, according to a report by Knight Frank.
Knight Frank noted that only 7 properties were successfully auctioned off in Q2, a significant decline of 36.4% quarter-on-quarter, or 22.2% year-on-year.
An overall success rate of 3.9% was achieved, down from 6.3% in the first quarter. The success rate for properties under mortgagee sales also marked its first quarter of decline over the last one year, falling to just 9.5% in Q2 from 18.5% in the previous quarter.
Similarly, total auction sales value fell by 72.1% quarter-on-quarter in to $10 million.
" The declines in success rate and sales value could also be attributed to a recent shift in the buying approach for auctions an increasing number of potential buyers prefer to enter into post-auction private treaty arrangements. Other potential buyers are observed to be holding out during auctions, while on a lookout for rare properties that fit their price expectations. There continues to be a wide disparity in price expectations for buyers and sellers," Knight Frank said.
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why these people said so?.......
Morgan Stanley analysts, who issued an " overweight" call on CapitaLand on Monday, said in a note: " We see potential ROE uplift from:
1) reliance on development funds and Ascott Reit as an exit platform to keep the balance sheet light and
2) growing scale, management fee income and brand value."
CIMB maintained its " add" rating on CapitaLand with an unchanged target price of S$4.08. " While the positive earnings impact of the latest JV is likely to be felt in the medium term, these activities should boost its ROE closer to its long-term target of 12 per cent," said CIMB analysts Lock Mun Yee and Tan Xuan.
buysellbuysell ( Date: 17-Jul-2015 17:27) Posted:
http://www.dealstreetasia.com/stories/capitaland-sells-bedok-mall-to-capitaland-mall-trust-for-s780-mil-9230/
capitaland trying to raise it' s EBITA probably and also need cashflow... absorbed capitamallsasia already now selling off things to it' s babies..
indirectly asking monies from it' s babies probably....
slow down in global property sectors and also in china sectors...
i' ll maintain TP of 2.7x for this counter capitaland
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The Chinese number is not accurate??......and the effort in partnering Qatar Investment Authority is useless.....??
China home prices continue to rise in June.....
BEIJING, July 18 - China' s real estate market continued to warm up in June, with new home prices in an increasing number of surveyed cities registering month-on-month rises.
Of 70 large and medium-sized cities surveyed in June, new home prices climbed in 27, up from the 20 in the previous month, while 34 reporting month-on-month price declines, down from May' s 43, according to data released on Saturday by the National Bureau of Statistics.
Ascott and Qatar Investment Authority to set up US$600m fund
15 Jul 2015 09:00
By Lynette Khoo
THE Ascott Limited, the serviced residence arm of CapitaLand, is partnering Qatar Investment Authority (QIA) to set up a US$600 million fund with an initial focus on investing in Asia-Pacific and Europe.
This fund marked its largest private equity fund to-date and is part of CapitaLand' s efforts to have five to six new funds worth S$8-10 billion in asset under management (AUM) in the next three to four years.
The latest announcement by CapitaLand prompted several " buy" calls from analysts, who expect a renewed focus on its fund management business to keep the group' s balance sheet light and improve its return on equity (ROE).
Under the 50-50 joint venture with QIA, the fund will invest in suitable properties for asset enhancement, repositioning or conversion, development or redevelopment into serviced residences and rental housing properties. The investment period is three years and the joint venture can hold the assets for up to 10 years, with the option to extend subject to the JV partners' consent.
The fund will have exclusive rights over deals that are available to Ascott during the fund' s investment period the JV will also grant Ascott the first right to manage the properties that it acquires.
Ascott CEO Lee Chee Koon said that the serviced residence fund will provide the financial backing to support Ascott' s acquisitions and accelerate its goal to double its apartment units to 80,000 by 2020.
" We will also be able to increase our fee-based income as Ascott has the first right to manage the properties that the fund acquires," Mr Lee said, estimating that the new fund could potentially contribute some 5,000 to 10,000 apartment units.
Ascott chief investment officer Gerald Yong said that Ascott was looking for a capital partner some two years back and talks with QIA were initiated more than six months ago. For a start, the fund will focus on opportunities in the Asia-Pacific Rim and Western Europe, though there are no geographical restrictions on the fund. It is keener on brownfield projects located in CBD areas where there is strong business demand, Mr Yong said.
While QIA can tap CapitaLand' s market presence, pipeline and operational expertise, Ascott can leverage on QIA' s network and relationships to accelerate its growth, he pointed out.
Unlike a blind pool fund that has a stricter life span and comprises investors with varied priorities, a joint venture partner provides better alignment of strategies and complementary strengths. In addition, this joint venture with QIA does not have seed assets to begin with. Both QIA and Ascott will combine their expertise to identify and acquire assets.
Ascott' s earlier US$500 million Ascott China Fund, a blind pool fund that was fully invested by 2011, is already 60 per cent divested. It also manages a 12.6 billion yen (S$138.5 million) fund that invests in rental housing properties in Japan. The funds are typically 50-70 per cent leveraged depending on the market.
CapitaLand' s 16 non-listed real estate funds and five publicly listed Reits have a combined AUM of S$43.5 billion as at March 31 - accounting for some 60 per cent of the group' s total AUM of S$72.2 billion. Some 4 per cent of group revenue in 2014 was fee income from funds and Reit management activities.
Stressing the need for scale, CapitaLand group CEO Lim Ming Yan pointed out that the private funds provides financial backing for large-scale integrated projects that take some six to eight years to be developed and stabilised.
Still, the group remains comfortable with its current gearing, CapitaLand chief financial officer Arthur Lang said, citing an on-balance sheet net debt-to-equity of 0.58 in the first quarter ended March 31, 2015. Its unlisted funds are likely to have a debt-to-equity ratio of about 0.3-0.35 by the end of this year. On a blended basis, the internal rate of return for the group' s new private funds should meet the overall 8-12 per cent ROE target, he added.
Analysts note that an enhanced fee income from the fund management business will reduce the drag on group ROE from Ascott.
lyn_lyn ( Date: 18-Jul-2015 16:19) Posted:
Do you think they are stupid?......
CapitaLand kept at buy & with price target of $4.11 by DBS
SINGAPORE (July 14): CapitaLand ( Financial Dashboard) (CAPL) aims to launch five to six private equity funds with assets under management (AUM) of $8 billion to $10 billion by 2020......................................................................................
buysellbuysell ( Date: 17-Jul-2015 17:27) Posted:
http://www.dealstreetasia.com/stories/capitaland-sells-bedok-mall-to-capitaland-mall-trust-for-s780-mil-9230/
capitaland trying to raise it' s EBITA probably and also need cashflow... absorbed capitamallsasia already now selling off things to it' s babies..
indirectly asking monies from it' s babies probably....
slow down in global property sectors and also in china sectors...
i' ll maintain TP of 2.7x for this counter capitaland
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Do you think they are stupid?......
CapitaLand kept at buy & with price target of $4.11 by DBS
SINGAPORE (July 14): CapitaLand ( Financial Dashboard) (CAPL) aims to launch five to six private equity funds with assets under management (AUM) of $8 billion to $10 billion by 2020......................................................................................
buysellbuysell ( Date: 17-Jul-2015 17:27) Posted:
http://www.dealstreetasia.com/stories/capitaland-sells-bedok-mall-to-capitaland-mall-trust-for-s780-mil-9230/
capitaland trying to raise it' s EBITA probably and also need cashflow... absorbed capitamallsasia already now selling off things to it' s babies..
indirectly asking monies from it' s babies probably....
slow down in global property sectors and also in china sectors...
i' ll maintain TP of 2.7x for this counter capitaland
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China home prices continue to rise in June
BEIJING, July 18 -- China' s real estate market continued to warm up in June, with new home prices in an increasing number of surveyed cities registering month-on-month rises.
Of 70 large and medium-sized cities surveyed in June, new home prices climbed in 27, up from the 20 in the previous month, while 34 reporting month-on-month price declines, down from May' s 43, according to data released on Saturday by the National Bureau of Statistics.
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http://www.dealstreetasia.com/stories/capitaland-sells-bedok-mall-to-capitaland-mall-trust-for-s780-mil-9230/
capitaland trying to raise it' s EBITA probably and also need cashflow... absorbed capitamallsasia already now selling off things to it' s babies..
indirectly asking monies from it' s babies probably....
slow down in global property sectors and also in china sectors...
i' ll maintain TP of 2.7x for this counter capitaland
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