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Next year's decline imminent, says Maybank.
According to Maybank Kim Eng, there are 5 indications that the Singapore residential market will turn in 2014 due mainly to the effects of thhe QE tapering, "culminating in an expected 10% decline in residential prices."
THE Prime Minister's National Day Rally address on Aug 18 and Deputy Prime Minister Tharman Shanmugaratnam's speech at the Academy of Medicine last week point to a government that might be ambling towards a new social compact. While the changes announced so far do not represent a radical departure from current approaches, there was enough of a change in the tone of their messages to suggest that further, more substantive, reforms are due.
By several counts, Singapore is a global city and does not need to advertise itself as one, academic Parag Khanna has argued.
At The Straits Times Global Outlook Forum last Friday, he said Singapore fulfilled many of the characteristics of a global city, which to him is one that is stable, wealthy, diverse, connected, creative and a role model for others.
As the Housing Board tapers off its ramped-up supply of public housing from next year, it will build more 2-room flats and "a steady stream" of studio apartments, but will cut down the supply of 3-room, 4-room and 5-room flats.
Acting Manpower Minister Tan Chuan-Jin said the latest employment figures released by the Ministry of Manpower are encouraging, but economic restructuring towards more productivity-led growth has to continue.
Based on a report released on Monday, the ratings agency says a larger asset base and rent increases on existing properties are expected to fuel growth for the 13 REITs it rated.
It forecasts that the earnings before interest, taxes, depreciation and amortization (EBITDA) of the 13 S-REITs will grow by 4 per cent in 2014.
In share investing, you look at a company’s fundamentals, future earnings, industry segment growth, momentum, etc. For the serious analyst, you will look at pricing power, purchasing power (cost), environmental factors (including regulatory frameworks) as well as product renewal cycles, research and development capability, core technological strength and lastly and perhaps the most important thing, disruptive technologies.
[SINGAPORE] Coming on the heels of a dramatic year peppered with policies aimed at cooling the property market and a number of firsts in public housing, 2014 appears poised to be a more subdued year by comparison.
Consultants say it is unlikely that the government will roll out any new policies next year, even though they do not rule out some tweaking of existing measures.
Blackstone Group LP (BX) which has put $1 billion of equity this year into Asian real estate, says it’s poised for more deals in the region as maturing funds sell assets and banks retreat amid new regulations.
“As the competition has receded, the investment landscape has become more interesting,” said Chris Heady, the firm’s regional head of real estate investing in Hong Kong. “We believe this competitive dynamic will persist for some time.”
Ang Eng Siong, 33, has been promoted every year since he completed Oversea-Chinese Banking Corp. (OCBC)’s management associate program in 2010, when he was put in charge of two older, higher-ranked colleagues.
“My team members were all a lot more experienced in that particular role,” said Ang, now a vice-president of corporate treasury in Singapore under the chief financial officer. “An opportunity to manage an important project would be rare so they wanted just to give me the exposure.”
December brings out the opportunity for property experts to delve into their Christmas stockings and bring out a crystal ball to predict what some of the key trends for the pending 12 months may be.
Whilst uncertainty remains over weather commercial tenant demand will bounce back or if shoppers will start buying anything other than groceries again, one thing that is certain is that the continued emergence of Asian capital into all commercial property markets across our major capital cities.
Having had its maiden collective sales attempt stymied by the introduction of the total debt servicing ratio (TDSR) framework, Eunosville is back on the market for a second run. Accompanying it is Jervois Gardens, which was also launched for collective sale by tender yesterday.
The 330-unit Eunosville, located opposite Eunos MRT Station, is being put on the market for a minimum price of $688 million, similar to its initial collective sale attempt in June.
EVEN as Singapore's iconic Marina Bay nears completion, its next waterfront city has been identified: Tanjong Pagar.
Right now, it is home to cranes and rows of stacked containers waiting to be loaded onto ships calling at one of the world's busiest ports.
But come 2027, when port operator PSA Corporation's lease on the land expires, the prime waterfront space should become home to skyscrapers of another sort.
Moody's Investors Service has changed the outlook for Singapore's banking system to negative from stable, owing to the recent period of rapid loan growth and rising real estate prices in Singapore and in regional markets where Singapore banks are active.
These have increased the probability of deterioration in credit quality under potential adverse conditions for the banks in the future.
A fornight ago, we discussed two possible ways to value a company.
The first way values a company using an estimate of the dividends it will pay out next year, divided by the yield at which investors will be enticed to invest in the company.
This is the most basic incarnation of a group of stock valuation methods called discounted cash flow models.
Should you worry about inflation?
Singapore's annual inflation rate has averaged 3.25 per cent since the beginning of 2009 when the United States Federal Reserve began its monetary policy experiment. The massive surge in inflation feared when the Fed first began its money printing exercise has failed to materialise thus far, especially in the US. Should investors still be concerned about the risk of higher inflation in the future?
Loans-to-deposits ratio crosses 100% mark despite slower lending; analysts preach prudence as leverage concerns grow
THE banking sector's loans-to-deposits ratio crossed 100 for the first time since the Asian financial crisis, providing evidence that the Monetary Authority of Singapore's (MAS's) recent moves to curb excessive lending were timely, say economists.
PROPERTY and hotel group City Developments Ltd (CDL) is traditionally viewed as a good proxy for the Singapore residential market. This has been positive for its shares and its reputation because of strong sales volumes and a price run-up for mass-market private homes in the past few years.
But with the government determined to prevent overheating in the housing sector - with new rules governing property loans in addition to a host of cooling measures rolled out in the past few years - and oversupply widely expected to kick in from next year, the company has been looking to alternatives. The $64,000 question is: can CDL adapt and deliver fast enough?
Construction firms are offering pay rises of up to 20 per cent to retain and attract experienced workers amid the labour crunch, and activists are cheering the hike.
Until about two years ago, wages in the sector had been stagnant with most workers earning just $500 a month, regardless of their experience.
It has since been bumped up to about $800 monthly for those who have toiled for four years, and is further rising to $1,000 with the latest jump.
SINGAPORE — Tampines North, with an estimated 21,000 dwelling units spread across 240 hectares, will be added to the existing Tampines Town.
Envisioned as the “green shoot” and extension of Tampines Town, the new estate will consist of four housing districts — Park West District, Green Walk District, Park East District and Boulevard District — each with a unique housing design.
The first housing parcel in the Park West District will be launched in the second half of next year.
