Daily Archives: December 13, 2013 (10 Articles Found)

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Analysts predict home vacancy rate will hit 9.3% next year. Blame it on the ballooning inventory. According to Macquarie Research, 2014 will see the completion of 19,302 units (+6.6% in inventory), which would result in a vacancy rate…

How Fed tapering woes could spook the S-REITs sector

According to OCBC Investment Research, the recent respite in the unit prices of S-REITs resulting from the delay in the US Fed tapering was short-lived. OCBC noted that an impending reduction in bond purchases will continue to spook…

Suntec REIT poised for multi-year growth

According to OCBC Investment Research, Suntec REIT has essentially locked in robust growth over the next few years with its strong asset management and execution. First started its Phase 1 rejuvenation works at Suntec City in Jun 2012,…

Why cooling property measures are most punitive on industrial REITs. Prices jumped two-fold in 4 years. According to Maybank, the overall S-REITs market has tanked 2.7% with industrial REITs bearing the brunt – down 3.4% in five days

Quieter year seen ahead after ‘tale of two halves’

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…

The tender for three industrial sites (Plots 20, 22 & 24) at Tuas South Street 10 closed on Thur. Offered on leases of 21 years and seven months, the sites have a maximum permissible gross plot ratio of…

Full occupancy at Ocean Financial Centre

The 43-storey Ocean Financial Centre is now fully occupied, after upgrading works, said the manager of Keppel Reit yesterday. This means that all five Singapore properties in the Reit’s portfolio are 100 per cent occupied, a rise from…

Keen interest seen for atrium shop lot at Sim Lim Square

The only atrium shop space located on the ground floor of Sim Lim Square is being launched for sale by expression of interest. CBRE said it expects to receive strong offers in excess of $48 million for the…

URA awards Gambas Crescent site Tt Far East unit

An industrial site at Gambas Crescent (Parcel 3) has been awarded to Far East Organization subsidiary Grow-Tech Properties, revealed URA on Fri. Offered on a 30-year lease, the site attracted four bids when the tender closed on 10…

Large EC units may be a tough sell following MSR ruling

Property agents expect larger EC units to be a tough sell following the implementation of the 30 per cent MSR on Dec 10. Seven EC projects were launched for sale in 2013. They offer a total of 3,337…

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