Freelance Research Analyst

Tay Hock Meng

Thematic (Sector/Industry)

The month of February saw 301 new homes (excluding executive condominiums) sold by developers, a 22.8% decline from the 390 new homes sold in February 2015, and a 6.8% decline from the 323 new homes sold in January this year. With Chinese New Year festivities happening during the month of February, buyers might not be actively seeking for new properties, but how will sales pan out in the next few months is a big question for many especially with reports of job losses, stock market volatilities dominating the major headlines.

The month of February saw 301 new homes (excluding executive condominiums) sold by developers, a 22.8% decline from the 390 new homes sold in February 2015, and a 6.8% decline from the 323 new homes sold in January this year. With Chinese New Year festivities happening during the month of February, buyers might not be actively seeking for new properties, but how will sales pan out in the next few months is a big question for many especially with reports of job losses, stock market volatilities dominating the major headlines.

Developers Struggle to Sell New Homes in February

Asia's Leading Online Property Group, PropertyGuru

Bjorn Sprengers

Asia's Leading Online Property Group

PropertyGuru

PropertyGuru Pte Ltd owns and operates a real estate property information website. The Company offers facilities to search for condominiums, apartments, Housing and Development Board (HDB) flats, serviced apartments, houses, and commercial properties to rent and buy in Singapore.

Landlords and investors are seeing rental prices plummet, with some compelled to let go at a loss, or even go under the hammer.<ul><li>Both HDB and private condo rentals are seeing rental volumes increase, while rental prices are falling</li><li>While the frequency of contracts being signed are increasing, the actual tenant supply is under pressure from a weak economy and reduced expatriate packages</li><li>Landlords should look at negotiating rents, moving to other models of monetization, or offloading their units if they do not have sufficient holding power</li></ul>

Landlords and investors are seeing rental prices plummet, with some compelled to let go at a loss, or even go under the hammer.Both HDB and private condo rentals are seeing rental volumes increase, while rental prices are fallingWhile the frequency of contracts being signed are increasing, the actual tenant supply is under pressure from a weak economy and reduced expatriate packagesLandlords should look at negotiating rents, moving to other models of monetization, or offloading their units if they do not have sufficient holding power

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Equity Bottom-Up

<ul>
<li>There is talk that the regulator in China will allow banks to swap NPLs for equity stakes in the debtor companies. </li>
<li>This is also talk that the government will allow banks to package NPLs in the form of securities and sell them.  </li>
</ul><div class="content-highlight">The fact that these stories are coming out now, suggests that Beijing is incredibly worried about NPL formation, bank health and the state of economy.  And it should be, but these measures do not solve the asset quality problem, for want of scale for one thing.   </div><h2>Ping An</h2>…


There is talk that the regulator in China will allow banks to swap NPLs for equity stakes in the debtor companies. 
This is also talk that the government will allow banks to package NPLs in the form of securities and sell them.  
The fact that these stories are coming out now, suggests that Beijing is incredibly worried about NPL formation, bank health and the state of economy.  And it should be, but these measures do not solve the asset quality problem, for want of scale for one thing.   Ping An…

We ask the questions that need to be asked, Hong Bao Media Holdings Pte Ltd

Mark Laudi • Investor Central

We ask the questions that need to be asked

Hong Bao Media Holdings Pte Ltd

Now that Singapore's banks have published their results, veteran market watchers Song Seng Wun and Kevin Scully take an in-depth look at China's economic woes and give their calls on the banks and other financial services companies.

Now that Singapore's banks have published their results, veteran market watchers Song Seng Wun and Kevin Scully take an in-depth look at China's economic woes and give their calls on the banks and other financial services companies.

Video: How Much Will a Bursting of the China Bubble Hurt Singapore Banks?

It is a wonder that the bank did not mention India in its recent release?Where it was running a loss last fiscal year, ending March 2015.  And for 1H16, ending September this year, the loss is even greater – without annualising the figures. Perhaps this is because DBS Bank India Branches (as that business is called, incorporated in Singapore) are small in the scheme of things: the 1H15 loss is SG$69 million its assets are SG$7 billion.<div class="content-highlight">But the delta remains high, it is testimony to a troubled…</div>

It is a wonder that the bank did not mention India in its recent release?Where it was running a loss last fiscal year, ending March 2015.  And for 1H16, ending September this year, the loss is even greater – without annualising the figures. Perhaps this is because DBS Bank India Branches (as that business is called, incorporated in Singapore) are small in the scheme of things: the 1H15 loss is SG$69 million its assets are SG$7 billion.But the delta remains high, it is testimony to a troubled…

DBS Credit Metrics Worsening Not Just in China and HK, Also India

Singapore

DBS Group Holdings Limited and its subsidiaries provide a variety of financial services.  The Company offers services including mortgage financing, lease and hire purchase financing, nominee and trustee, funds management, corporate advisory and brokerage .  DBS Group also acts as the primary dealer in Singapore government securities.

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DBS (DBS SP)

Developers Struggle to Sell New Homes in February

The month of February saw 301 new homes (excluding executive condominiums) sold by developers, a 22.8% decline from the 390 new homes sold in...

Tay Hock Meng

Rental Woes in Our Residential Market

Landlords and investors are seeing rental prices plummet, with some compelled to let go at a loss, or even go under the hammer. Both HDB and...

PropertyGuru

China Is Frantic About NPLs

There is talk that the regulator in China will allow banks to swap NPLs for equity stakes in the debtor companies. This is also talk that the...

Daniel Tabbush

Video: How Much Will a Bursting of the China Bubble Hurt Singapore Banks?

Now that Singapore's banks have published their results, veteran market watchers Song Seng Wun and Kevin Scully take an in-depth look at China's...

Mark Laudi • Investor Central

DBS Credit Metrics Worsening Not Just in China and HK, Also India

It is a wonder that the bank did not mention India in its recent release?Where it was running a loss last fiscal year, ending March 2015. And for...

Daniel Tabbush

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