Deciphering real estate markets globally., Rems Advisors

TAN Kok Keong

Deciphering real estate markets globally.

Rems Advisors

Thematic (Sector/Industry)

<div><h2>Private Residential Primary Sales Status (Excluding Executive Condominiums)</h2></div><p>Singapore primary home sales declined after two consecutive months of improvement. Developers sold a total of 860 units of new homes (ex-ECs), a decline of 31% month-on-month (see Figure 1). However, year-on-year, the sales is 13% higher. The slower sales in November was expected due to the decrease in the number of new launches, compared with the previous 2 months. The total number of units sold by the developers from…</p>

Private Residential Primary Sales Status (Excluding Executive Condominiums)Singapore primary home sales declined after two consecutive months of improvement. Developers sold a total of 860 units of new homes (ex-ECs), a decline of 31% month-on-month (see Figure 1). However, year-on-year, the sales is 13% higher. The slower sales in November was expected due to the decrease in the number of new launches, compared with the previous 2 months. The total number of units sold by the developers from…

Singapore Primary Home Sales Decreased by 31% in November

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<p><strong>In the month of November 2016, there were a total of 24,007,000 shares repurchased by 30 companies, with a total consideration of S$40.0 million. This compares with S$26 million in October 2016 and S$45 million in November 2015.</strong></p><p><strong>The five stocks with the largest buyback consideration values in November 2016 were StarHub, UOL Group, SIA Engineering Company, Singapore Exchange and Hi-P International.</strong></p><p><strong>Buybacks in November 2016 have taken the total share buyback consideration for the 2016 YTD to S$818</strong>…</p>

In the month of November 2016, there were a total of 24,007,000 shares repurchased by 30 companies, with a total consideration of S$40.0 million. This compares with S$26 million in October 2016 and S$45 million in November 2015.The five stocks with the largest buyback consideration values in November 2016 were StarHub, UOL Group, SIA Engineering Company, Singapore Exchange and Hi-P International.Buybacks in November 2016 have taken the total share buyback consideration for the 2016 YTD to S$818…

30 Companies Bought Back Own Shares in November

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.

<p>In this insight, we take a look back at the HDB and the non-landed private residential market, to understand how the market has moved: </p><ul><li>In the HDB resale market, transaction volumes have seen strong improvements over 2015, but prices have largely remained flat in the first three quarters of the year.</li><li>In the non-landed private residential market, transaction volumes are showing signs of improvements, but prices continue to decline.</li><li>2016 was a period of right-pricing, with sellers pricing closer to buyer expectations.</li><li>Improvement in transaction volumes also indicate that buyers have accepted cooling measures as the new normal, and are working within them, rather than waiting for them to be lifted before purchasing</li></ul>

In this insight, we take a look back at the HDB and the non-landed private residential market, to understand how the market has moved: In the HDB resale market, transaction volumes have seen strong improvements over 2015, but prices have largely remained flat in the first three quarters of the year.In the non-landed private residential market, transaction volumes are showing signs of improvements, but prices continue to decline.2016 was a period of right-pricing, with sellers pricing closer to buyer expectations.Improvement in transaction volumes also indicate that buyers have accepted cooling measures as the new normal, and are working within them, rather than waiting for them to be lifted before purchasing

Singapore Residential - A Look Back at 2016

<div><h2>Private Residential Primary Sales Status (Excluding Executive Condominiums)</h2></div><p>The month of October saw the second consecutive month of improvement in Singapore primary home sales. We saw developers sold 1,252 units of new homes (ex-ECs), 148% increase month-on-month and 128% increase year-on-year. This makes October sales the highest volume sold in the past 15 months (see Figure 1). </p><p>Figure 1: October 2016 Primary Sales (Excluding Executive Condominium)</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/016/390/original/Units%20launched%20and%20sold%20in%20the%20month.png?1479195867" class="editor-image img-responsive" data-smartkarma-image-id="16390"></figure><p>Source: URA, REMS Advisors</p><p>The strong sale in…</p>

Private Residential Primary Sales Status (Excluding Executive Condominiums)The month of October saw the second consecutive month of improvement in Singapore primary home sales. We saw developers sold 1,252 units of new homes (ex-ECs), 148% increase month-on-month and 128% increase year-on-year. This makes October sales the highest volume sold in the past 15 months (see Figure 1). Figure 1: October 2016 Primary Sales (Excluding Executive Condominium)Source: URA, REMS AdvisorsThe strong sale in…

Singapore's Primary Home Sales Surged in October

<p>The vacancy rate in Singapore’s central region hit a five-year high in the first quarter of the year, driven largely by lower take-up rates in Orchard. As the market continues to face a tough business climate, vacant shop spaces have increasingly been creating ghost towns, even downtown.</p><p>In this insight, we build on our on the ground research to check on the situation in the central areas.</p>

The vacancy rate in Singapore’s central region hit a five-year high in the first quarter of the year, driven largely by lower take-up rates in Orchard. As the market continues to face a tough business climate, vacant shop spaces have increasingly been creating ghost towns, even downtown.In this insight, we build on our on the ground research to check on the situation in the central areas.

Singapore Retail - No (Lack Of) Vacancies

Singapore

City Developments Limited is a property developer and owner. The Company, through its subsidiaries, are principally engaged in the investment of properties and shares, property management, project management and the provision of consultancy services, hospitality-related information technology, and procurement services. City Developments has a global presence.

Frasers Property Limited provides real estate ownership and development services. The Company engages in the development of land, housing projects, apartments, as well as commercial, industrial, and retail properties. Frasers Property serves customers globally.

Singapore Land Group Limited operates as a real estate company. The Company develops and invests in properties, and provides property management, information technology, development management and consultancy services, as well as trades in computers and related products, and invests in hotels and retail centers. Singapore Land Group serves clients in Singapore.

Ascendas India Trust is a business trust that invests in real estate. The trust acquires, owns, and develops land for business use.

GuocoLand Limited is a regional property company with operations in Singapore, China, Malaysia and Vietnam. Headquartered in Singapore, the principal business activities of GuocoLand and its subsidiaries (“the Group”) are property development, property investment, hotel operations and property management.

Ho Bee Land Limited develops and invests in real estate properties in Singapore and United Kingdom.  The Company also operates hotels.

Wing Tai Holdings Limited is an investment holding company whose subsidiaries invest in and develop properties, manufacture woven labels, and trade garments and architectural products and accessories.  The Company also provides management services and operates restaurants.

First Sponsor Group Limited, an investment holding company, is engaged in the property development and investment activities primarily in the People's Republic of China. Its properties include residential and commercial properties.

Yanlord Land Group Ltd is a real estate development company. The Company develops high-end residential property projects in the Peoples Republic of China.

Bukit Sembawang Estates Limited, through its subsidiaries, operates in property development, property mortgage financing, and the holding of properties and investments. The Company provides residential property development throughout Singapore.

AEON Mall Co., Ltd. develops, manages, and maintains large-scale shopping malls throughout Japan. The Company develops shopping malls, rent the space, manages and maintains the shopping malls.

Highwealth Construction Corp. develops and sells residential and commercial buildings which are constructed by independent construction contractors.

Brigade Enterprises Limited operates as a real estate development company. The Company focuses on the development of residential, commercial, and hospitality properties.

China World Trade Center Co., Ltd. provides real estate services. The Company operates office building leasing business, shopping mall leasing business, apartment leasing business, hotel management business, and other related businesses. China World Trade Center offers services in China.

Tokyo Tatemono Co., Ltd. develops, sells, and leases commercial buildings, condominiums, and houses.   The Company also develops and manages hotels, vacation houses, leisure facilities, and resort places.

Lendlease Group designs, develops, and manages property and infrastructure assets. The Company constructs apartments, commercial buildings, government offices, retirement living, and educational facilities. Lendlease serves customers worldwide.

I-Sunny Construction & Development Co., Ltd. develops and sells real estate properties.

Isunny Construction&Development (2540 TT)

C&D International Investment Group Limited is a green building property development and management company based in Hong Kong.

Hangzhou Binjiang Real Estate Group Co., Ltd. develops and sells real estate properties. The Company also manages and operates hotels.

Hangzhou Binjiang Real Estate Grp (002244 CH)

Open House Co.,Ltd. provides real estate services. The Company offers services including renting, buying, selling and appraising real estate.

UOL Group Limited is a property company. The Company has a diversified portfolio of development and investment properties, hotels, and serviced suites. UOL Group, through its subsidiary owns a portfolio of commercial assets and hotels. UOL Group operates in Asia, Oceania, and North America.

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UOL Group (UOL SP)

Singapore Primary Home Sales Decreased by 31% in November

Private Residential Primary Sales Status (Excluding Executive Condominiums)Singapore primary home sales declined after two consecutive months of...

TAN Kok Keong

30 Companies Bought Back Own Shares in November

In the month of November 2016, there were a total of 24,007,000 shares repurchased by 30 companies, with a total consideration of S$40.0 million....

Singapore Exchange Ltd (SGX)

Singapore Residential - A Look Back at 2016

In this insight, we take a look back at the HDB and the non-landed private residential market, to understand how the market has moved: In the HDB...

PropertyGuru

Singapore's Primary Home Sales Surged in October

Private Residential Primary Sales Status (Excluding Executive Condominiums)The month of October saw the second consecutive month of improvement in...

TAN Kok Keong

Singapore Retail - No (Lack Of) Vacancies

The vacancy rate in Singapore’s central region hit a five-year high in the first quarter of the year, driven largely by lower take-up rates in...

PropertyGuru

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