Singapore stays most alluring for infrastructure investment

Published by:

Singapore has retained its position as most attractive market is ’sed by the world for infrastructure expense, in accordance with the third edition of the Worldwide Infrastructure Investment Index, published consultancy business Arcadis and by international design.

The city state ranked highly across company, risk, infrastructure and financial indexes, and despite a somewhat lower score for economic factors, a strong overall economic surroundings is maintained by it.

Nevertheless, there are several risks of investing there, including its currency depreciation against the dollar and a high profile corruption scandal that’s delayed some projects.

In terms of economic score, China was first among the 41 countries analysed, yet its less attractive business conditions and higher hazard surroundings saw it ranked 17th on the index.

“In the area all together, there is certainly a lot of public and societal significance of new infrastructure. They are not investible or bankable enough, which is the fundamental issue, although there are a whole queens peak mcc land host of project ideas and strategies out there,” mentioned Head of Customer Development at Arcadis Asia, Graham Kean.

Function is currently underway to make infrastructure as an asset class more attractive to private institutional investors, such as through the development of new benchmarking resources although most projects here are publicly funded.

Currently, Singapore invests around five percent of its gross domestic product in infrastructure (US$20 billion in 2015), and this also continues to climb. By 2020, it plans to commit six percent of gross domestic product (US$30 billion).

Elsewhere in Asia, Malaysia rose to fifth spot in the ranks. Its strong economic performance and continued long term investment in infrastructure, such as the capital’s metro method, have made the marketplace attractive for investing.

Several big projects are planned for health care and transport, including the growth of Changi Airport through the construction of a fifth final.

Developer reach with S$2 .7mil in extension prices

Published by:

CapitaLand has received to pay $2.7 million to extend its deadline to sell the remaining units at The Interlace.

CapitaLand forked out S$2.7 million in extension fees for the 127 unsold units in The Interlace. This computes to S$21,000 per 7 psf, documented $ unit or S TODAYonline.

Initially, the remaining flats at the 1,040-unit condominium New Launches Singapore on Depot Street should have been disposed by 13 March, but since spending the months. have another fees, CapitaLand’s deadline to promote the leftover properties there h AS been

However, the developer moved 222 residential units with a combined worth S$506 million in the city state throughout the period under review, up from the S$197 million it gained for selling 69 units per year ago.

Another purpose for the lower revenue is the lack of good New Launch Property value increase of S$59.6 million due to the usage change of Ascott Heng Shan Shanghai in Q1 2015. But the drop in earnings was partially offset by higher contributions from New Launch Property higher rents at its serviced residence business and CapitaGreen, along with sales in China.

Last month, Property Developers’ Association of Singapore (REDAS) President Augustine Tan believed that developers in Singapore could carry nearly S$100 million in extension costs for failing to sell their remaining inventory in 2016.

In its latest earnings report, CapitaLand revealed that it has found purchasers for 8 9 percent of the units it has started up to now, including the 55-unit The Nassim at Nassim Hill and the 109-unit Victoria Park Villas in Victoria Park Road are set to be unveiled in H1 2016. Its Cairnhill Nine improvement also posted healthy sales, with 193 from the 268 units changing hands as of last Thursday (14 April).

Despite the drop in revenue, CapitLand’s net income after tax and minority passions (PATMI) soared by 35.4 percent yr-on-year to S$218.3 million in Q1 2016, thanks to the divestment of a property in China, Somerset ZhongGuanCun Beijing.

Aid second- timers private properties

Published by:

The Ministry of National Development (MND) revealed yesterday the information on the Fresh Start Housing Scheme, which intends to offer houses for second-timers, or families that formerly loved one home subsidy but now live in public rental flats.

Underneath the scheme, eligible families with school-going kids will each have the ability to buy a two-room Flexi flat in a Build-to-Order (BTO) or Sale of Balance Flats (SBF) sales exercise.

These units will come with short leases including 45 to 65 years to keep costs affordable. They will also provide a longer Minimum Occupation Period (MOP) of 20 years to ensure their owners’ youngsters may have homes for a longer period.

Individuals who qualify will soon be given another HDB concessionary loan, no matter the number of preceding loans they have got from the Housing Board. They’ll likewise have the ability to make use of their CPF contributions as down-payment, or to service the monthly mortgage instalments.

Moreover, they are going to be provided with a Fresh Start Housing Grant of up to S$35,000, depending on the property’s tenure, with those applying for a 60-year or 65-year lease eligible for the maximum sum.

Of this grant, a fixed S$20,000 will be disbursed just before key set — regardless of the preferred lease — while the remaining sum will be distributed in annual tranches over five years.

The Fresh Start Housing Scheme, which will be executed in late 2016, is open to divorced, married or widowed parents aged 35 to 55. To qualify, each family has to have at least one Singaporean parent, with at least one Singaporean child. In addition, they have to have dwelt a public rental flat to get at least two years without amassing more or three months of rental arrears.

Eventually, all Treasure Crest such families must have the Ministry of Social and Family Development’s Letter of Social Assessment (LSA), which shows the parents are gainfully employed and manag(s) the home finances well, and that the kids attend school consistently. For participating households to receive the annual part of the grants’ equilibrium, the LSA must be renewed every year.

The Tenants’ Priority Scheme has been extended to second-timer families living in public rental flats, so as to give them greater priority when putting in an application for a HDB flat.

Previously, just first-timers residing in public rental units qualified. But starting from the May sales exercise, 10 percent of the supply for two-room Flexi and three-room flats will likely be allocated to second-timers, and shared with those applying under the Resettlement, Move, and Selective En-bloc Redevelopment Scheme (SERS).

Sim Lian Group {is one of the very most recognized property developer

Published by:

has been creating quality homes for Singaporeans manner back for over 35 years and is just one of the very most established property developer in Singapore The Group’s experience in developing quality residences in Singapore has enabled it to assemble award winning developments in real estate projects in Singapore for Sim Lian New EC in Sengkang.

Cheng Lim LRT Sim Lian Land

Sim Lian Land varied interest in several Sim Lian Land Anchorvale EC makes it a natural course to enter the Singapore Exchange to assemble capital resources to develop its interest in the Singapore real estate marketplace. Sim Lian Land has many interest in commercial residential and industrial developments in many locations in Singapore.

Sim Lian Group is led by a powerful team of real estate people who’ve diverse expertise in building quality projects in Singapore. The Group has also seen many exciting phases in the Singapore Real Estate marketplace and hence may be sure of the qualities in property development locally. The solid reputation of the company also means that it’s standing amongst the TOP 100 brands in Singapore from 2009 to 2013.

Sim Treasure Crest Lian Group continues to develop a trusting relationship with its main contractors and seeks to align their interest with stakeholders to attain both their objectives for Sim Lian Land Cheng Lim LRT EC.

Sim Lian Group for Treasure Crest Sengkang EC also seek to give its stakeholders and customers with a cost that is competitive by supplying highly synergistic platform which allow the sharing of resources to attain economy of scale. This has allow the group to supply better pricing for its Anchorvale Sim Lian EC home buyers and at precisely the same time supplying profit for its stakeholders and investors in Sengkang MRT Station.

Treasure Crest EC Sim Lian

The business of Sim Lian Group is to construct its name through strategic alliances with different businesses whereby owners of Sim Lian ECs can reap the benefits of the brand new team located in Anchorvale Crescent EC so that there can be more synergies in the team. The spokes person for Sim Lian Land indicate that they’re able to streamline their building strategies to bring in less construction price for the development.

Sim Lian Group has also won numerous awards for the design of ECs and their condominiums as emphasis is placed the aesthetic attractiveness of the outlook of the development along with a good deal on the landscaping. There is evidence that Sim Lian Group, predicated on its design strategies, will have the ability to continuing bagging these results to bring in more design appeals to its buyers.

Sim Lian Land suggest that they are expecting sales of the new EC to be powerful as the location of the plot of property is strategically situated near to shopping centres as well as Sengkang Mall. Sim Lian Group has a total of 90 building projects so far with many giving winning designs under its belt. Owners can thus be sure of the grade of the development its subsidiaries as well as by Sim Lian Group.

Already scaling towards great heights, Sim Lian Group will continue to stream line its operational efficiency and developing construction technologies to continuing bringing worth both to property buyers and its stakeholders.

Singapore home now less appealing to people

Published by:

Although considered a market that was protected, Singapore’s popularity with home buyers has fallen.

Singapore’s appeal as a house investment destination for institutional investors has decreased this year, in Japan and Australia, notably when compared with developed Asia Pacific cities.

This decrease in recognition has been attributed to the house cooling procedures, along with the flood in-office and logistics area amid consumer message that was softer, said UBS in a report by The Straits Times.

Inbound investment to Singapore increased 157 percent to US$3.4 million in 2015 on a yearly schedule, depending on data from Real Capital Analytics. But this can be still a cry from your outbound money people$28.7 million, which placed a growth of 49 percent.

Meanwhile, more cash Sturdee Residences has been moved into Australia and Japan’s home industries, in comparison with those in Singapore, Hongkong and China. Real estate yields in Australia are also somewhat better compared to riskfree costs available in the market.

Infact, house prices, along with the volume of realestate offers and loans, if the cooling procedures hadn’t been presented might have been greater by around 33 percent, explained the central bank.

Nonetheless, some investors still watch Singapore as being an industry that is safe, and there’s been no exodus of property buyers, in accordance with UBS Property Management’s Brain of Global Real Estate for Asia Pacific, Graham Mackie.

“Australia can be a relatively effective marketplace with robust principle of law. Shareholders who are more affected by currency factors view Australia as somewhat cheaper, and the Australian dollar has decreased somewhat contrary to the USDollar,” added Mackie.

Rochor Centre to be demolished soon

Published by:

The four brightly coloured housing blocks will soon be demolished to make way for a fresh expressway.

Rochor Centre, a public housing estate in the Bugis area dating back to the 1970s, will soon be demolished by the end of the year to make way for the new North-South Expressway, reported The Straits Times.

Constructed in 1977, it consists of four brightly coloured HDB blocks that initially placed 183 stores and 567 households. But due to its impending redevelopment, 106 stores have closed while 36 households have relocated as of January 2016.

Yet, many long time residents are saddened about being forced to move out of Rochor Centre.

“It reminds me of the kampong that I grew up in when I had been little.”

Based on Denise Phua, Member of Parliament for Jalan Besar GRC, which comprises Bugis, life will Parc Riviera not be the same for the residents, but they are able to look forward to more greenery plus a tranquil environment compared to that in Rochor that is busy.

The Housing Board revealed that 91 percent of the residents in Rochor Centre will move to HDB flats at nearby Kallang Trivista. Of this, 15 percent opted to relocate to units close to former neighbours in Rochor Centre or their relatives.

Rochor Centre is one of three historical public housing estates that’ll soon be torn down for redevelopment. The others are Dakota Crescent and four low rise HDB blocks in Siglap, that were assembled in 1958 and 1964 .

S P Setia Berhad – Company Overview

Published by:

S P Setia Berhad is recognised as Malaysia’s top listed real estate player with a proven track record of innovation-driven and standard-setting developments. The Group’s strength lies in its art in creating environments that are significant according to its development doctrine of Live Learn Work Play.

The developer has built a solid foundation in Malaysia offering an extensive product range which includes eco refuges, townships, luxury residences, business parks, commercial and retail developments.

Incorporated in 1974, S P Setia started out as a construction company and was listed on the Kuala Lumpur Stock Exchange (now Bursa Malaysia) in 1993. To property development it refocused its core company in 1996 with encouraging businesses in infrastructure, building and wood -based production.

Award-winning Developer

S P Setia is the only Malaysian developer to be recognised six times from the International Real Estate Federation (FIABCI) for three Finest Master Plan Developments, one Best Residential (Low-Rise) Development, a Specialised Project (Purpose Built) and a Best Retail Development award. Locally, the Group has garnered eight FIABCI Malaysia Property Awards.

This feat has not been achieved by any other developer since the start of the awards.

A Growing International Existence

In the past seven years, the Group has also spread its wings to Singapore, Vietnam, Australia and more recently the United Kingdom.

In Singapore, S P Setia created an office in 2009 and two years later, the Group acquired a 29,440 sq ft site to develop a high-rise condominium called 18 KL Eco City Woodsville. The successful launch of the project spurred the developer to acquire another parcel of land for the luxurious high-rise project of Eco Sanctuary.

The successful start of Fulton Lane spurred S P Setia to look at more opportunities in Melbourne and the Group acquired another piece of land, this time on the upmarket St Kilda Road, additionally in the City of Melbourne for its Parque project.

In April 2012, S P Setia was invited by the Malaysian Authorities to lead the Malaysian consortium formed to collectively develop the China-Malaysia Qinzhou Industrial Park (QIP). In September Battersea Power Station was got by S P Setia via a joint venture consortium together with the Employees Provident Fund as well as Sime Darby.

Driving the Malaysian Property Sector

S P Setia appreciates a powerful presence in the state of Selangor, Malaysia through its flagship projects, the 2,525-acre Setia Alam and 791-acre Setia Eco Park. In the city of Kuala Lumpur, the developer has assembled three high end projects which are Duta Tropika Duta Nusantara and Setiahills.

Leveraging on the powerful demand for commercial and investment level properties, S P Setia has also grown to the commercial sector with projects including SetiaWalk, Setia Avenue, the first maiden retail mall project of the Group called Setia City Mall along with the coming KL Eco City.

S P Setia is also well established in the state of Johor, Penang and Sabah, three other key economic regions in Malaysia.

Do oil costs influence property prices?

Published by:

The prices of petroleum and property might not be related, but the economical effect of dropping oil prices could still influence property prices.

Oil prices are constantly in the headlines. While other countries have seen prices of fuel and petroleum -based products go down, prices in Singapore remain high. Alfred Chia describes how oil prices and property costs are linked.

Dropping oil prices have really been in the news for the past six months, and property costs will also be on the decline. Can there be a connection between them both?

We have to first comprehend how they can be computed before we can understand petroleum costs. In general, when we talk about oil prices, we are referring to the prices of Brent crude, a specific level of oil extracted in the North Sea. Brent crude can be used to cost about two thirds of the world’s internationally traded crude oil supplies. At time of writing, Brent crude is about USD 41.20 per barrel.

Figure 1 compares global housing costs and Brent oil costs. Global housing prices are derived from the Global Housing Price Index by the International Monetary Fund (IMF), which can be an aggregate of real (i.e., inflation adjusted) house prices across states.

At first, there seems to be little correlation between these two asset classes. Both assets appreciated as there was an overall world-wide economic boom which pushed up prices of most asset classes, including bonds, equities and commodities.

Nonetheless, from 2009 onwards, oil prices regained alongside the worldwide ecoomy before dropping in mid 2014 due to production outpacing world-wide demand. International property prices did not follow the oil price trend, showing little correlation between both of these asset classes.

On an international level at least, we don’t see a correlation between oil prices and home prices.

When we compare the Urban Redevelopment Authority’s (URA) Singapore Property Price Index and oil prices, it may seem that they go in tandem (reference Figure 2). Nonetheless, oil price movements happen to be more explosive, particularly since June 2014, when it began to plunge dramatically.

Gem Residences strongly correlated with property costs, it is an essential commodity that paints a picture of the global market, and might have an indirect impact on home prices.

The most talked about reason with this extreme drop is overproduction and overcapacity since the start of 2014. Yet, apart from supply side reasons, costs additionally impacts. The need for oil decreases and places downward pressure on prices. Given both supply- and demand-side pressures on the prices of petroleum, it is no surprise that costs have fallen immediately as they have and as sharply, putting budgetary pressures on economies that rely strongly on income from oil production.

Now, with all the world facing an international economy slowdown, particularly in China, the International Energy Agency (IEA) has predicted that global need for oil will drop in 2016. In the short run, low petroleum prices will place pressures on the petroleum and gas (O&G) sector, and associated industries. This may adversely impact the banks that have high exposures to this sector. Moreover, it’s likely that volatility in commodities markets and the equities will remain.

It is more likely that property prices will adversely impact in Singapore. With banking and O&G already strike and businesses laying off staff, property buyers might be more hesitant to enter the market, especially security is a concern. Programmers who have more exposure to markets, like China, that were hit more severely by the global economic slowdown, might also feel bottom line pressures that will cause them to fix prices too.

As the cost of production has dropped in the long run, low petroleum costs is a large boost to the overall market. This may lead the next stage of growth. So, low petroleum prices mightn’t function as the basis for gloom and doom that many news reports mention.

While cooling measures appear to have negatively impacted the property marketplace, they’re essential to make certain the marketplace continues to be sustainable, and does not overheat. However, with an impending international economic slow down, it maintains steady increase, and is necessary to keep a detailed eye in the marketplace, to be sure it is just not overly adversely hit.

With different indicators indicating a significant thunderstorm along the way, and lowered prices in Singapore, property owners should review their financial predicament. As a top priority, when they’re able to refinance to a more secure interest rate bundle, to manage their interest costs, property owners should review their loan packages and see.

Moreover, property owners also must make sure their properties can be afforded by them. For those who are facing financial pressures, they might have to think about biting the bullet and downgrading. Nevertheless, property owners that are fiscally fit can consider taking advantage of lowered prices, and contemplate updating, or rearranging their property portfolios.

Experts share ideas for Fresh Start Housing Scheme

Published by:

Experts discuss ideas for Fresh Start Housing Scheme

This scheme helps HDB tenants buy their own flat, with people who formerly owned a home, and a focus on families with young kids.

However a crucial issue is finetuning the eligibility criteria to ensure such help is actually deserved by the beneficiaries, said DTZ’s Research Head Lee Nai Jia.

“I believe this is a remarkable scheme. The essential dilemma is how we’re going to identify this group as well as their income limit, and (how we are going to define) the type of advantages to give this group.”

Based on Saktiandi kingsford hillview peak Supaat, member of the Government Parliamentary Committee for National Development, the scheme provides a second opportunity to families now leasing a HDB flat, especially those who were made to sell their first unit due to an unavoidable problem.

Yet, the support should take into consideration the different circumstances of every family.

“There might be more support in terms of grants and there could also be some states for the grants to be disbursed,” said Saktiandi. For example, families would have to show evidence they have the resources to cover the new flats.

Besides providing the actual house and also grants, it’s also important to educate families about responsible homeownership, financial management, and activities to keep their kids in school, clarified the Fei Yue Family Service Centre.

“We do not need to come to a stage where they vision exchange jurong are on the scheme, and then there’s a drawback, and they’re penalised or thrown out of the scheme,” said the center’s main social worker, Lilian Ong.

The Housing Board and the Ministry of National Development have held public consultations on executing the scheme to collect ideas. The opinions includes supply of more grants and concessionary loans, together with shorter leases.

URA revises rules for property developers

Published by:

Second, developers cannot mention nonresidential projects in the track record, to be submitted as a member of their sales licence application, as industrial and commercial projects and residential developments differ.

Based on Nicholas Mak, Head of Consultancy and Research at SLP International, this would prevent some smaller players in the industrial sector from venturing into the home marketplace.

Third, the amount of units a developer may be permitted to construct will be contingent on the size of the finished developments set in the track record.

Check it out: T Space | Parc Life EC | Centrium Square

It can simply get a sales licence for a new housing project with less than 50 units if a business has completed fewer than ten units. Those who’ve built 11 to 50 units are allowed to construct fewer than 200 units. While companies which have assembled over 100 units have no limitations those with 51 to 100 units under their portfolio meet the criteria for developments with less than 400 units.

Eventually, in their place, at least one of its managers involved in the prior project must stay for developers applying for a sales licence on the basis of the history of their businesses.

“Developers can constantly vanish from Singapore after taking gain… But if they’ve a few people that are competent managers, these individuals would hopefully act more responsibly and may be held responsible,” noted Ku Swee Yong, Chief Executive, Century 21.

The changes will apply to all new licence applications.