Topic of Interest: #Jefferies (25 Articles Found)

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Broker’s take: Jefferies says further reliefs for landlords, tenants positive for S-Reits sentiment

Further reliefs for landlords and tenants are likely to “invigorate the current positive sentiment” for S-Reits, while hospitality Reits are expected to take the lead with the implementation of the Singapore-China fast-lane arrangement, according to Jefferies. Under new…

Coronavirus may hit Singapore REITs harder than the financial crisis

The coronavirus outbreak may hit Singapore REITs harder than the global financial crisis did, according to Jefferies Financial Group. Singapore announced on Tues its strictest measures yet to combat the spread of the virus, including shutting bars and…

Office spot rents likely to plateau in 2020

Rents for office spots are likely to weather down in the year 2020, according to a report by Jefferies. Although office rents grew by 1% in Q3 YoY due to tech and coworking demand, growth is still in…

More REIT mergers lie ahead as growth prospects dry up

The consolidation amongst REITs, especially between firms with the same sponsor, are expected to continue given a limited potential for organic growth and the benefits in having a larger AUM, according to a report by Jefferies. The report…

Foreigners snapped up 23% of month-to-date private condo purchases

For the month to date, non-Singaporeans accounted for 23% of buyers of private condos, excluding EC, URA data showed. In a note, Jefferies Singapore indicated that Singaporean buyers represented 80% of the incremental transactions, on the higher side…

Foreigners snapped up 18% of total apartment purchases in Q2

The purchases of uncompleted apartments by foreigners accounted for 18% of the total number of transactions in Q2, up 10% YoY or 40% QoQ to 410 units, according to data from Jefferies Equity Research. The report noted that…

City Developments’ Whistler Grand hits 80% take-up rate despite cooling measures

Despite cooling measures, City Developments (CDL) has achieved a take-up rate in excess of 80% with 214 of 300 launched units sold for its 716-unit project Whistler Grand, Jefferies and data from URA revealed. The ASP is $1,350…

This research house has an unbearish view of local residential property market

Jefferies expects Singapore’s non-landed private residential price index to stay flat this year given rents are expected to improve about 2%, the supply pipeline is half of what the sector saw back in 2013 and resident population growth…

VERS and HIP II could shake stagnant outlook of HDB market

The introduction of two new public housing schemes, the Voluntary Early Redevelopment Scheme (VERS) and the HIP II, is expected to improve sentiment in the HDB market as owners could look forward to the certainty of the future…

Home prices could fall 10-15% in 2018 amidst property curbs: PropNex

Singapore’s cooling measures could lower private property prices by 10%-15%, PropNex said. This, in turn, will appeal to first-time buyers irrespective of the 5ppt reduction in LTV limits. “As a proportion, foreign purchases have been a lot less…

Higher stamp duty unlikely to douse positive property sentiment

Global investment bank Jefferies says the increase in buyer’s stamp duty for residential properties in Singapore announced at Budget 2018 on Mon could put a slight dent in developer margins, but is unlikely to put the brakes on…

Singapore’s unsold units dropped to 16,031

According to a report from Jefferies, unsold home inventory was at 16,031 units as of Q3. Total transactions in the first ten months of 2017 were 54% higher than those recorded over the same period in 2016. Quarterly…

Why peak residential sales are expected to be lower this cycle

The residential market has already changed following the recent tweaks in Singapore’s property measures. According to the takeaways from Jefferies’ meeting with property developer Roxy-Pacific Holdings, housing demand is not driving sales. Rather it was more of investment,…

Record land bid sparks optimism for office REIT

A record winning land bid of S$1,689 psf for a CBD land parcel on Central Boulevard – a 67% premium to the reserve price and 16% higher than the second highest bid – supports a positive outlook for…

Office supply glut looms through 2021

The narrative of “lack of office supply beyond 2018” is turning into one of “a million sqft well into 2021 barring 2019”, said Krishna Guha, analyst at Jefferies. Guha notes that notwithstanding the incoming supply of 5.6M sqft…

Here’s why analysts are pessimistic about number of unsold luxury homes declining by 10% in 1H

The number of high-end inventory has started to come down in the 1H of 2016 but it does not necessarily reflect a healthy demand, says Jefferies. According to Jefferies, high –end inventory has started to come down by…

Here’s what’s fueling luxury transactions in Singapore’s property market

The impetus from the Indonesian tax amnesty may not be the only thing fuelling sales in the Singapore luxury home sector. Jefferies reported that based on an informal discussion with private bankers, real estate agents and corporate lawyers,…

Here’s why analysts aren’t optimistic about Indonesians binging on Singapore luxury homes

It’s easy to interpret the recent binge of Indonesians on Singapore luxury property as a sign that property prices have bottomed, but analysts think it isn’t representative of a broad market trend at all. According to a report…

Here’s why you should ditch Singapore REITS for developers

Investors looking to dip into the local real estate market should be eyeing developers, as analysts continue to be unimpressed with Singapore REITs’ growth prospects. According to a report by Jefferies, aggregate sector yields are 40 bps higher…

Is MAS’ debt servicing framework tweak the first step to easing cooling measures?

Are MAS’s recent tweaks to the TDSR framework a lead-up to an easing of cooling regulations, or is it the proverbial canary in the house of debt? According to a report by Jefferies, the changes are neither an…

Here’s why the luxury property market’s recovery may be a one-off blip

Prices of luxury residential properties in Singapore rose for the first time in three years in the first quarter of 2016, but a report argues that the rebound in prime property prices may not be sustainable after all.…

No turnaround on the horizon for Singapore prime property prices

Though prime property inched up during the quarter, analysts don’t think it’s the beginning or a turnaround for the market. According to a report by Jefferies Singapore, prices in the central region edged up 0.4% QoQ, marking the…

Blackstone, Gaw Capital weigh bids for Ascendas Hospitality Trust: sources

Private equity investors Blackstone Group and Gaw Capital Partners are weighing separate bids for Singapore’s Ascendas Hospitality Trust, people familiar with the matter said, eyeing a target with a market value $600 million. The potential offers are being…

Industrial landlords brace for grim times ahead

Tenants call the shots in the industrial property market, and landlords are bracing for even tougher times ahead as the JTC’s anchor tenancy rule gain steam. A report by Jefferies Singapore noted that while the industrial price index…

Aggressive foreign developers outbidding cautious locals in residential land tenders

Local developers have been elbowed out of recent residential land sales exercises due to aggressive bids from foreign developers. This is perfectly illustrated by a recent tender awarded for a residential site at Tampines Ave 10. The tender…

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