Daily Archives: July 6, 2018 (33 Articles Found)

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Fates uncertain, collective sale committees to discuss options

The fate of several high-profile collective sale bids is now uncertain after the Government’s latest cooling measures for the property sector. Homeowners hoping to go en bloc told TODAY they are unsure about the impact of the measures…

New cooling measures: The show has just begun

What a roller-coaster week for Singapore’s real estate market. It is a surprisingly well-coordinated good show put up by the Singapore government, complemented by the parts played by different stakeholders in the industry, with an unexpected ending of…

Who are the big gainers and losers after the new property cooling measures announcement?

The big question on a lot pf people’s minds: “Who are the big gainers and losers after the new property cooling measures announcement?”. Barely one hour after the Government announced the new property cooling measures which will kick-in…

Is dockless bike-sharing doomed to fail in Singapore?

Three dockless bike-sharing companies have ceased operations in Singapore just before new rules, introduced to tackle the problem of indiscriminate parking, take effect on Sat. Some of the companies that have withdrawn from the Singapore market said that…

Fire engulfs terrace house near Little India

A massive fire broke out at a terrace house near Little India on Fri night. SCDF said that they responded to a fire involving a terrace house at at 82 Sing Ave at about 8.55pm. “Upon SCDF’s arrival,…

1,000 units sold in eleventh-hour property launches as cooling measures trigger panic buying

About 1,000 units across three high-profile sale launches were sold in under five hours on Thurs evening, following a frenzy among home buyers rushing to meet the midnight deadline to avoid higher ABSD rates announced by the Government.…

‘No rationale’ for tough property cooling measures: Redas

Redas said on Fri that it saw “no rationale” for the fresh round of property cooling measures introduced by the Government the previous day. Describing these measures as “tough”, Redas pointed out that the property market is “in…

Property curbs to slash APAC Realty’s 2018 sales by 5%

APAC Realty will be hit by the new property cooling measures in Singapore and the developer’s sales could fall by 5% to $43.1b in 2018 and flat in 2019, including both primary and secondary markets, DBS Equity Research…

UOL’s early land buys gives it more pricing room

Amidst the projected profit cuts and weaker demands brought about by higher ABSD rates and higher LTV limits on private homes, UOL could be less impacted as it was the earliest to grow its landbank (most acquisitions were…

CityDev’s share price hit by surprise property policy

The stock price of City Developments (CityDev) could go down amidst uncertainty in the next quarters caused by the surprise property policy of the government, DBS Equity Research said. The developer has the largest inventory of new units…

How to cool a red-hot property market Singapore-style

Faced with surging home prices in the early 2010s, Singapore introduced a slew of cooling measures that succeeded in taming the housing market. Now, with residential property prices rising again, the authorities are trying to repeat the feat,…

Sales momentum to turn cold; en-bloc activity to wane as developers rethink strategies

After warning of “market exuberance” in the property market for the past six months, the Singapore government has finally raised ABSD rates by 5 ppts and tightened LTV limits by 5 ppts. In terms of demand, sales momentum…

Is the correction in property stock prices a buying opportunity?

OCBC Investment Research is downgrading the Singapore residential sector rating to “neutral” from “overweight” previously, as RHB Research places its “overweight” sector call and recommendations under review. Meanwhile, Maybank Kim Eng reiterates its “positive” view and developer recommendations.…

Most shared-bike users support ban, fines for errant riders: Poll

A huge majority of shared-bicycle users favour a penalty system to crack down on recalcitrant riders to get them to change their behaviour, based on a straw poll done by TODAY. Almost two-thirds of the 106 respondents said…

Sheng Siong on track to surpass 50 stores

Singapore’s Sheng Siong supermarket group is on track to open its 50th store this year, with bids in play for locations in Bukit Batok and Sumang Lane. And an analyst familiar with the business, CGS-CIMB’s Cezzane See, says…

Mapletree buys five Singapore warehouses for $778.3m

Mapletree Logistics Trust (MLT) has agreed to acquire five warehouses in Singapore for a total of $778.3 million, according to an SGX filing on Thurs. The amount consists of $730 million in purchase consideration, taking into account Colliers…

HDB fire: Illegal ads prevented firemen from locating fire lift switch

We refer to the letter from Mr Richard Chien-Ming Kuppusamy (Why were fire lifts not working in new HDB block?; June 26). HDB has investigated the case at Blk 104D Canberra St, including reviewing the lift log records…

Making sense of SMRT Trains’ losses

News about SMRT’s rail operations slipping into the red has become a talking point. This just goes to show how uncommon such an occurrence is. SMRT Trains, which has traditionally been profitable, posted an after-tax loss of $86…

New property curbs: Experts surprised by ‘severity’ of measures

Almost all categories of private residential property buyers have been affected by the Singapore Government’s decision to raise the ABSD and tighten the LTV limits on residential property purchases. The ABSD rates for Singapore citizens and permanent residents…

Singapore property curbs are a mallet, not a hammer

A sledgehammer to swat a fly. That’s how OCBC Investment Research is describing the unexpected curbs on Singapore’s property market announced late Thurs. While the imposition of ABSD and tighter LTV norms on home lending so early in…

CapitaLand poised to deflect new property measures’ effects

Following the re-introduction of property cooling measures in Singapore, CapitaLand was one of the stocks that opened negative by -3.14% at $3.10. However, the impact on the company is limited, argued DBS Equity Research analyst Derek Tan. He…

Higher ABSD rates lead to last minute home-buying frenzy

The announcement of higher ABSD rates and higher LTV limits on private homes came as a shock to home buyers, developers, and market watchers. Stocks of some of the largest property companies have been down at today’s trading…

How property buyers should react to the ABSD increase

You may missed the chance to buy your dream property before the government raised ABSD and further tightened the LTV limit on the stroke of midnight — a move that provoked widespread panic buying. With the ABSD increases…

Property players reel from sudden cooling measures

Many in the real estate industry were shocked by the sudden announcement yesterday of new property cooling measures that will take effect today. Developers were scrambling to launch new projects last night ahead of the measures taking effect,…

Strata office and shophouse owners could be biggest gainers from higher ABSD rates

The Government has announced higher ABSD rates for some categories of residential property purchases, and the LTV limits on residential property purchases have been lowered in a bid to cool the property market. After four tepid years, house…

How oBike, Grab-Uber merger were managed shows we haven’t gotten disruption right

The handling of the bike-sharing scheme in Singapore is a case study on the potential pitfalls of embracing disruption as a merit good. For LTA to respond to the abrupt cessation of business of one of the biggest…

New housing curbs expected, but extent of measures ‘heavy-handed’: Analysts

The new property cooling measures announced on Thurs were not entirely unexpected given the recent euphoria in the housing market, but the speed and timing at which the measures were introduced as well as the extent of the…

From Singapore to the world: 3D printed toilets and next-gen water treatment membranes

If scientists from NUS had their way, toilets in Singapore and abroad would be built more cheaply and rapidly using 3D printing. The researchers and their collaborators have developed a novel toilet unit design that can be 3D…

Property hunters rush to make buys as stamp duty hike looms

Some time during dinner hours on Thurs, the mobile phones of property agents across the island lit up with text messages and calls. Some were frantically arranging with their potential clients to seal property deals, others were sharing…

oBike given more time to remove bikes from public spaces

Bike-sharing company oBike has been given more time to remove its two-wheelers from public spaces. It has until the end of the month to remove some 70,000 bicycles, LTA said yesterday, one day after the expiry of its…

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