Deciphering real estate markets globally., Rems Advisors

TAN Kok Keong

Deciphering real estate markets globally.

Rems Advisors

Thematic (Sector/Industry)

In a surprise move, the Singapore Government announced the relaxation of the Seller's Stamp Duties and the Total Debt Servicing Ratio. However, they introduced stamp duties on transfer of equity interest in entities whose primary tangible assets are residential properties in Singapore.  The 3 measures "re-calibrated" are as follows: <h2>1) Seller’s Stamp Duties (SSD) </h2>What was before?  The SSD is currently payable by those who sell a residential property within 4 years of purchase, at rates of between…

In a surprise move, the Singapore Government announced the relaxation of the Seller's Stamp Duties and the Total Debt Servicing Ratio. However, they introduced stamp duties on transfer of equity interest in entities whose primary tangible assets are residential properties in Singapore.  The 3 measures "re-calibrated" are as follows: 1) Seller’s Stamp Duties (SSD) What was before?  The SSD is currently payable by those who sell a residential property within 4 years of purchase, at rates of between…

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.

With the vast majority of housing policy focused on marriage and families, singles often feel left out. At the same time, price levels in the private market have prevented many with single incomes from entering it, or limited options towards the smaller units. In this insight we highlight:<ul><li>More Singaporeans are choosing to remain single, yet housing options are limited for those who are not married. </li><li>The psf prices of smaller condo units have remained largely stable, while sizes have shrunk to keep quantums affordable. </li><li>The recently revised CPF grant for resale flats also benefit singles, but is unlikely to move the needle when it comes to affordability.</li><li>Single parents continue to fall through the gap in housing policy.</li></ul>

With the vast majority of housing policy focused on marriage and families, singles often feel left out. At the same time, price levels in the private market have prevented many with single incomes from entering it, or limited options towards the smaller units. In this insight we highlight:More Singaporeans are choosing to remain single, yet housing options are limited for those who are not married. The psf prices of smaller condo units have remained largely stable, while sizes have shrunk to keep quantums affordable. The recently revised CPF grant for resale flats also benefit singles, but is unlikely to move the needle when it comes to affordability.Single parents continue to fall through the gap in housing policy.

Singapore Residential - Swinging Home Ownership for Singles

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.

§  Ascendas REIT has recently replaced CapitaLand Mall Trust as Singapore's largest capitalised REIT – and has been the second-best performing REIT in the YTD with an 11.9% total return.§  The capitalisation of Singapore’s REIT Sector has almost doubled over the past five years. Singapore’s REIT Sector also maintains a competitive edge with higher average yields and lower average gearing ratios than the combined REIT Sector of Japan, Australia and Hong Kong. §  The NikkoAM - StraitsTrading Asia ex Japan REIT ETF  which is expected to include up to 70% weightage in Singapore REITs is scheduled to list on SGX on 29 March 2017. Ascendas REIT and CapitaLand Mall Trust are expected to maintain relatively large weightings in the ETF.

§  Ascendas REIT has recently replaced CapitaLand Mall Trust as Singapore's largest capitalised REIT – and has been the second-best performing REIT in the YTD with an 11.9% total return.§  The capitalisation of Singapore’s REIT Sector has almost doubled over the past five years. Singapore’s REIT Sector also maintains a competitive edge with higher average yields and lower average gearing ratios than the combined REIT Sector of Japan, Australia and Hong Kong. §  The NikkoAM - StraitsTrading Asia ex Japan REIT ETF  which is expected to include up to 70% weightage in Singapore REITs is scheduled to list on SGX on 29 March 2017. Ascendas REIT and CapitaLand Mall Trust are expected to maintain relatively large weightings in the ETF. 

Ascendas REIT Is Now Singapore's Largest Capitalised REIT

Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

There were a couple of news items this week that convinced me that the Singapore government will not protect traditional businesses or practices, from disruption. Even the Singapore government has started to shift its career-advancement practices (<a href="http://www.straitstimes.com/singapore/civil-servants-no-longer-grouped-by-education-level" target="_blank">civil servants no longer grouped by educational level</a>) and the channels it propagates messages. 1. First, a headline that can't be missed:  On Wednesday (22 February), the Business Times headline screams: Signal goes out to struggling firms: Buck up -…

There were a couple of news items this week that convinced me that the Singapore government will not protect traditional businesses or practices, from disruption. Even the Singapore government has started to shift its career-advancement practices (civil servants no longer grouped by educational level) and the channels it propagates messages. 1. First, a headline that can't be missed:  On Wednesday (22 February), the Business Times headline screams: Signal goes out to struggling firms: Buck up -…

Singapore: Traditional Firms Must Disrupt Themselves or The Market Will Do It

The Grandeur Park Residences was launched over the weekend and was met with overwhelming response. It was reported in The Straits Times that more than 10,000 people visited the showflat over the weekend. One of the sale agents shared that the longest queueing time to view the showflat was up to 20 mins.<h2>About the project</h2>The project is developed by CEL Development, the same developer as High Park Residences, which is one of the best-selling projects in 2015. Grandeur Park has 720 units and two…

The Grandeur Park Residences was launched over the weekend and was met with overwhelming response. It was reported in The Straits Times that more than 10,000 people visited the showflat over the weekend. One of the sale agents shared that the longest queueing time to view the showflat was up to 20 mins.About the projectThe project is developed by CEL Development, the same developer as High Park Residences, which is one of the best-selling projects in 2015. Grandeur Park has 720 units and two…

10,000 Visitors to a New Launch in 2 Days

Singapore

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.

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

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.

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

Sinarmas Land Ltd. invests in, develops and manages real estate.  The Company owns commercial buildings, hotels and resorts in China, Indonesia, Malaysia and Singapore.

Hong Fok Corporation Limited is an investment holding company whose principal activities consist of property investment, property development, property management, and investment trading.

Far East Orchard Limited operates a diversified portfolio focusing on property development, hospitality real estate development and management and healthcare real estate. The Company operates a hospitality portfolio spanning Australia, China, Denmark, Germany, Hungary, Malaysia, New Zealand, and Singapore and owns purpose-built medical suites in Singapore.

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.

Oxley Holdings Ltd. develops real estate. The Company develops residential and commercial projects in accessible locations. Oxley also develops light industrial buildings that include swimming pools and other recreational amenities.

China Overseas Grand Oceans Group Ltd. is a property development and sales company. The Compnay'ss operations include the entire property development process, comprising land acquisition and investment, construction planning, design and execution, sales and marketing, after-sales service as well as property management.

Da-Li Development Co., Ltd. is primarily involved in outsourced construction, leasing and distribution businesses. The Company develops residential buildings, including houses, suites and parking spaces.

Amata Corporation Public Company Limited develops industrial estates primarily served for manufacturing plants and factories. The Company acquires land and develops essential infrastructure and facilities ready for industrialized operations. Ameta also has overseas investments in Vietnam.

Fujian Start Group Co., Ltd. manufactures and markets personal computers, computer peripheral equipment, and networking products.  The Company also develops computer software.

Poly Property Group Co., Ltd. develops, invests in, and manages properties in China.  The Company develops mid- to high-end residential and commercial projects in first-tier and second-tier provincial capitals in Central and Southwestern China.

China Dalian International Cooperation (Group) Holdings, Ltd. provides import and export services, undertakes international and domestic construction contracts, develops real estate properties, and operates deep sea fishing.  The Company also offers water transportation and international labor consulting services.

Shanghai AJ Group Co Ltd is an investment holding company.  Through its subsidiaries, the Company operates in import and export trading, trust and investment businesses, chemicals manufacturing, real estate development, building construction, as well as travel and food services.

YeaShin International Development Co., Ltd. is primarily involved in the development, sale and lease of real estate. The Company's business scope also includes the manufacture of computer and peripheral equipment, as well as wholesale and retails of automobile. YeaShin provides information software, data processing and supply of electronic information services.

CCCG Real Estate Corporation Limited provides real estate services. The Company provides property asset management and related real estate services.

CCCG Real Estate Corporation Limited (000736 CH)

Advancetek Enterprise Co., Ltd. develops and invests in real estate properties. The Company also manufactures and markets disposable diapers as well as adult incontinence products.

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.

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Wing Tai Holdings (WINGT SP)

Cooling Measures Relaxed, so What?

In a surprise move, the Singapore Government announced the relaxation of the Seller's Stamp Duties and the Total Debt Servicing Ratio. However,...

TAN Kok Keong

Singapore Residential - Swinging Home Ownership for Singles

With the vast majority of housing policy focused on marriage and families, singles often feel left out. At the same time, price levels in the...

PropertyGuru

Ascendas REIT Is Now Singapore's Largest Capitalised REIT

§ Ascendas REIT has recently replaced CapitaLand Mall Trust as Singapore's largest capitalised REIT – and has been the second-best performing REIT...

Singapore Exchange Ltd (SGX)

Singapore: Traditional Firms Must Disrupt Themselves or The Market Will Do It

There were a couple of news items this week that convinced me that the Singapore government will not protect traditional businesses or...

Valerie Law, CFA

10,000 Visitors to a New Launch in 2 Days

The Grandeur Park Residences was launched over the weekend and was met with overwhelming response. It was reported in The Straits Times that more...

TAN Kok Keong

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