Topic of Interest: #Barclays (65 Articles Found)

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Home supply to dip by end 2016 as land sales programme takes effect: analysts

A scarcity in private homes could await Singaporeans come end 2016 as the GLS programme announced in Dec saw residential supply dip to 925 units, down 85% from its 7,000-unit peak. According to analysts from Barclays Research, due…

There’s a silver lining behind Dec’s dismal home sales data

Developers sold just 384 condominium units in Dec, marking a 49% month-on-month drop. Although the headline figure looks fairly dismal, Barclays notes that the sales figure suggests that underlying demand remains resilient. “Notwithstanding the usual year-end lull, these…

Here’s why analysts expect Frasers Commercial Trust to weather the volatile office market

The commercial property firm has been banking on organic growth to weather the storm in the office market, and analysts say it just might work. According to analysts from Barclays Research, since the takeover by FCL in 2008…

Check out the best-selling residential projects in Oct

Two new condo launches in the RCR made up bulk of private home sales in Oct, according to a report by Barclays. Principal Garden found buyers for 113 units out of 200 launched at a median price of…

Developers brace for cheerless holiday season as home sales drop

Although Oct sales jumped 60% month-on-month to 546 units, this figure was distorted by an extremely low base in Sept. It is also 30% lower compared to private home sales in the same period last year. Oct’s strong…

Suntec City Mall makeover fails to work wonders for Suntec REIT

The completion of Suntec City Mall’s makeover unfortunately coincided with a downturn in Singapore’s retail market, with stabilized rents missing Suntec REIT’s original target. According to Barclays, rents at Suntec City Mall stood at $12.03 psf pm in…

REITs roll out desperate tactics to drive growth in tough times

REITs are struggling to keep investors happy as growth slows. A report by Barclays highlighted some tactics that REIT managers have used to keep their results solid in Q3. Barclays noted that more REITs are embarking on acquisitions…

Keppel REIT propped up by one-off gains in Q3 as rents dip

Keppel REIT reported marginal income growth in the third quarter, but analysts from Barclays warn that all is not well beneath the rosy headline figure. Barclays noted in a report that Keppel REIT’s third-quarter results were supported by…

Here’s more proof that office space dealers are finding no takers

There seems to be no bright spot in Singapore’s murky office market, as its CBD’s occupancy rate fell by 0.4ppt to 95.8%. Prime Grade A rents also fell 3.5% to S$10.90, from S$11.30 psf pm in 2Q. According…

Mass market home prices to drop sharply as massive supply enters the market

Prices of homes in OCR booked a 1.6% quarter-on-quarter contraction in Q3, the steepest price decline in the mass-market segment for the past two years. According to Barclays, home prices in the OCR will continue to slip in…

Cheap home deals spiked in July

Mass-market home deals dominated the residential sales market in July, bolstered by the launch of the attractively-priced High Park Residences. This chart from Barclays shows that transactions with price tags below $1000 psf spiked in July. High Park…

More luxury units sold in June after painful price cuts

A report by Barclays noted that more luxury homes priced above $3,000 psf were sold in June. This is although overall sales in the CCR fell 30% month-on-month to 49 units. Barclays noted that the highest price achieved…

Luxury home sales tick up on back of steep price corrections

The battered high-end home market showed signs of life in May, as sales surged 73% month-on-month to 69 units. According to Barclays, there were more sales at projects with units priced above $2,000 psf, as price corrections have…

Luxury properties suffer biggest losses

The downturn in the luxury property market has seen ultra-wealthy property owners lose millions of dollars, according to Barclays. The report noted that this year’s biggest loss-making deals all involve luxury properties. Specifically, the $12.77 million sale of…

Mass-market home prices expected to hit bottom in mid-2016

Prices of mass market homes are expected to hit bottom by mid-2016, falling by another 10 percent amid rising mortgage rates, revealed Barclays. Barclays said in a report that it expects prices of mass market projects to continue…

CDL braces for more losses after painful Fri selloff

City Developments Limited is due for more losses after sustaining heavy losses on Fri, according to a report by Barclays. CDL suffered a 4.1% share price decline on Fri after news broke of of its imminent deletion from…

Sentosa Cove condo prices down a whopping 36% from 2011 peak

Prices of some prime Sentosa Cove projects have fallen by a whopping 36% from their last peak in 2011, according to a report by Barclays. Barclays noted that The Berth by the Cove, the oldest Sentosa Cove condo…

Suntec City Phase 3 fails to live up to its predecessors’ strength

Suntec City Phase 3 failed to live up to the leasing strength of its predecessors, with committed passing rents falling slightly short of management’s targets. Barclays noted that Suntec City Phase 3 achieved committed rents of $12.15 psf…

More empty homes on the horizon

The housing vacancy rate in Singapore may hit a record high of 9.8 percent in 2016 as private home completions rise from 19,900 units in 2015 to 20,900 by the end of next year, according to a Barclays…

Low occupancy at Clarke Quay a chink in CapitaMall Trust’s armour

A two-digit drop in Clarke Quay’s occupancy rate is a key chink in CapitaMall Trust’s armour, along with intense competition for its malls in the Jurong area. According to Barclays, Clarke Quay’s occupancy declined to 77.6% from 95.9%…

What’s next for Ascendas REIT after its dreary FY15?

Ascendas REIT suffered one of its worst years in FY15, as the group grappled with lower occupancies on back of a spate of lease expiries. According to Barclays, around 10% of AREIT’s portfolio or 246,000 sqm of Single…

Mapletree Logistics Trust grapples with rising vacancy risks

Mapletree Logistics Trust will face greater vacancy risks in FY16 to FY17, due to a high percentage of single user asset (SUA) leases in its portfolio. According to a report by Barclays, 45% of the REIT’s NLA are…

Office REITs no longer market darlings as rental growth slows

Office REITs are ceasing to be market favourites after over a year of robust rental growth. According to Barclays, prime office rents have risen 19% since the third quarter of 2013, and a the bumper 3.6mn sqft of…

High-end homes finally headed for a rebound after sharp price tumble

The high-end property market may finally be in for a rebound after suffering steep price cuts in the past two years. Barclays analyst Tricia Song noted that high-end home prices have declined by 24% from their peak in…

Persistently elevated gearing puts Keppel REIT under threat

Keppel REIT is under threat from its persistently elevated gearing level of 42.4%, a report by Barclays revealed. Barclays noted that KREIT’s gearing level will leave little wiggle room should SREITs be subject to a single-tier leverage limit…

Home prices may drop up to 15% by mid-2015

Home prices may fall more quickly by the end of the year, on the back of a growing risk of a supply glut as well as the US Fed’s expected interest rate hike. Barclays noted the domestic residential…

Barclays prefers Reits with strong distribution buffer

Don’t dump the Reits just yet. Those with generous yield spreads can still cushion against higher interest rates, set to come through in the second half of next year, a Barclays equity outlook report this week showed. “With…

Commercial space supply slashed by 25% for 1H15

MND slashed commercial space supply by 25% in the 1H15 GLS Programme. According to Barclays, the GLS listed 265,130 sqm GFA of commercial space on the Reserve List and no sites on the Confirmed List, down from 352,140…

Capitaland’s residential property sales plunged 91% in Q3

Year-to-date sales value plummeted 80% to just $444m. The lacklustre local residential property segment continued to be the weakest performer in Capitaland’s Singapore business in the third quarter. Capitaland only sold 42 units last quarter, down 91% year-on-year…

Why Singapore developers are in worse funding shape than REITs

Singapore-listed developers and REITs may have been seen by many to be in the same boat when it comes to rising vulnerability to refinancing risk, but REITs are generally in better shape, says Barclays. REITs have fewer short…

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