Topic of Interest: #BNPParibas (26 Articles Found)

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National Museum to launch Quiet Room dedicated to special needs children

As part of efforts to make cultural and heritage spaces more inclusive for those with additional needs, the National Museum of Singapore (NMS) will be introducing a Quiet Room as a retreat for special needs children. Designed to…

Singapore home prices have bottomed, Hong Kong’s are ‘crazy’: BNP

Singapore home prices have reached a bottom and will rebound, while Hong Kong’s “crazy” housing market will continue to defy gravity, according to BNP Paribas SA. “Very significant” income growth will drive the first leg of a recovery…

Hoteliers forced to slash rates as occupancy tumbles

Hotels in Singapore are grappling with lower room rates and softer occupancy despite an uptick in tourist arrivals. This chart from BNP Paribas shows that average room rates are expected to drop in Singapore this year, extending an…

Office vacancy rate feared to spike as supply glut bites

Office occupancy rates in Singapore are expected to slide this year on back of a huge potential spike in supply, according to BNP Paribas. Grade A and Grade B occupancy rates hovered at 94.84% and 95.04% as of…

Now is the time to snap up cheap S-REIT stocks, says BNP Paribas

Singapore-listed REITs suffered heavy losses when it first appeared that the US Federal Reserve will finally hike interest rates. Investors dumped S-REIT stocks in fear that higher borrowing costs will dampen profitability. But as interest rate normalisation fears…

Private-home prices to fall 7% to 10% by end-2017, says BNP Paribas

Those who are in no hurry to buy their first home may want to wait a little longer. BNP Paribas forecasts private home prices will fall between 7% and 10% by end-2017. On an annualised basis, this translates…

Another 7-10% fall in private home prices seen: BNP Paribas

Singapore is “half-way through the residential down-cycle” with another 7-10 per cent of decline in private home prices seen over the next two years, compounded by the prospects of a rising rate cycle, a softer job market and…

Land costs hurting developers’ profits

Land costs in Singapore remain high but new home prices are falling. That spells crimped profit margins for developers, just as competition for land impedes their ability to restock at a reasonable cost, according to a new study…

Big-name developers elbowed out of recent land sales programmes

Lesser-known property developers have been more successful in GLS programmes this year, according to a report by BNP Paribas. The report noted that no “traditional” developers have won any sites year-to-date. These traditional names include City Dev, Fraser,…

Foreign home buying down 7.6% in Q1

Foreign buying in Singapore’s property market has dwindled in 2015 compared to the previous year and in 2013, reported Singapore Business Review citing BNP Paribas’ trend analysis. The report stated that the slowdown is due to currency weakness…

High-end developers back in the spotlight as buyer sentiment improves

After years of languishing sales, high-end developers are finally headed back to the spotlight as buyer sentiment continues to improve. According to BNP Paribas, demand and supply dynamics have improved considerably in recent years, as the high-end premium…

The real deal on why developers still refuse to cut home prices

Despite several rounds of cooling measures, residential property costs have still not dropped significantly because developers remain extremely reluctant to cut prices. This reluctance stems from the fact that land acquisition costs were elevated in recent years, as…

Singapore’s housing sector shifting towards oversupply: BNP

Singapore’s housing market could shift towards oversupply from 2016, with prices bottoming out in 2018/19 due to record-high supply, tight immigration policies and rising interest rates that dampen demand, BNP Paribas said in a report. The excess supply…

Debt servicing costs to outpace income growth as interest rates rise

Mortgage servicing costs are expected to outpace household income growth once interest rates rise, according to a report by BNP Paribas. The report noted that households face further deterioration in disposable income as Singaporean interest costs are expected…

Private property prices may fall another 10% in next two years: report

Private property prices in Singapore could fall a further 10 per cent from current levels over the next two years, said BNP Paribas in a research report on Mon. “Our central case is for a relatively orderly unwind.…

Rental growth window narrowing for CapitaCommercial Trust

CapitaCommercial Trust will be hard-pressed to raise rents further starting 2H15, which could dent the firm’s robust stock outperformance. According to BNP Paribas, CCT has outperformed the S-REIT index by 16% in the past 12 months and the…

Industrial landlords troubled over low occupancy rates

Low occupancy rates will continue to remain a drag on industrial property landlords, with little respite in the horizon this year. According to BNP Paribas, the industrial sector will remain subdued this year due to a combination of…

Is the worst finally over for Singapore’s hospitality sector?

After an extremely uninspiring 2014, Singapore’s hospitality sector might finally be in for a rebound this year. Data from BNP Paribas show that there are early signs that tourist arrivals and tourist visitor days are nearing bottom, which…

Developers brace for protracted residential property downcycle

The bottom is a long way away for the residential property market downcycle, with the home price index down only 4% from its peak and developers unwilling to budge in the pricing war. According to BNP Paribas, if…

Is it time to take profit on outperforming office REITs?

Office REITs have been the market darlings in 2014, with office REIT stocks outperforming 7.5% against the REIT index and 13% against the STI. However, the good times may be drawing to a close for these golden children.…

Leaky Indoor Stadium roof adds to Sports Hub’s woes

Already hit by lighting issues that drew complaints on Tues from tennis players at the BNP Paribas WTA Finals, the Singapore Indoor Stadium (SIS) on Wed found itself dealing with a roof leak as well. An afternoon downpour…

Should yield chasers worry about Singapore REITs?

So far this year, Singapore’s reits (S-REITs) have steadily advanced as predictions of higher interest rates went awry, but it isn’t clear whether yield-chasers will stick with the shares. It’s a tug-of-war between macroeconomics and the fundamentals, with…

Heritage buildings in Singapore given new lease of life

More banks and financial institutions in Singapore are using heritage buildings as a training ground for employees in the Asia Pacific region. These buildings typically date back to the 1900s and have been given a new lease of…

Land prices expected to ease this year, say analysts

With home prices slipping, sales volumes waning and more supply coming onstream, land bidding is starting to reflect developers’ cautious mood. Singapore land prices are expected to soften this year, as developers restock their land bank in a…

Foreign developers eye bigger market share as land war heats up in Singapore

Foreign developers eye bigger market share as land war heats up in Singapore. Should local players be scared? According to BNP Paribas, in the past few years, it has seen foreign developers, especially the Chinese developers, making an…

WTA Championships in sponsorship deal with SC Global

Luxury developer SC Global Developments has teamed up with the Women’s Tennis Association (WTA) and signed a five-year deal as presenting sponsor for the 2014-2015 BNP Paribas WTA Championships Singapore. SC Global will receive brand exposure through intl…

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