Freelance Research Analyst

Tay Hock Meng

Thematic (Sector/Industry)

Singapore&rsquo;s industrial space market outlook looks dismal with an expected 40.9 million sq ft of available space coming on stream, far exceeding the average pipeline 12.9 million to 17.2 million sq ft of space in the past three years. This, on top of manufacturing industries facing headwinds from global economic slowdown, property cooling measures, low productivity growth, and tightening of foreign immigration, among others look set to put on more downward pressure on prices and rentals.

Singapore&rsquo;s industrial space market outlook looks dismal with an expected 40.9 million sq ft of available space coming on stream, far exceeding the average pipeline 12.9 million to 17.2 million sq ft of space in the past three years. This, on top of manufacturing industries facing headwinds from global economic slowdown, property cooling measures, low productivity growth, and tightening of foreign immigration, among others look set to put on more downward pressure on prices and rentals.

Industrial space woes just keep piling up

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.

Events that have transpired in recent times appear to have a strong bearing on the outlook for Singapore&rsquo;s strata office space demand:<ul><li>Amid economic and business uncertainties that eventually led to&nbsp;thinning demand for office spaces in&nbsp;the city-state, the office market is&nbsp;facing more challenges</li><li>The current market conditions have&nbsp;not only affected the leasing segment&nbsp;but the sales front as well &mdash; the latter&nbsp;has suffered muted demand on the&nbsp;back of rising stock and vacancy rates&nbsp;in recent months</li><li>Given the unforeseen obstacles, market experts now predict the office market will at best remain muted, in general, with strata office sales expected to stay flat for the rest of the year</li><li>In this insight, we shed light on sales trends in Singapore&rsquo;s strata office&nbsp;market and find out what headwinds it faces, as well as what to expect</li></ul>

Events that have transpired in recent times appear to have a strong bearing on the outlook for Singapore&rsquo;s strata office space demand:Amid economic and business uncertainties that eventually led to&nbsp;thinning demand for office spaces in&nbsp;the city-state, the office market is&nbsp;facing more challengesThe current market conditions have&nbsp;not only affected the leasing segment&nbsp;but the sales front as well &mdash; the latter&nbsp;has suffered muted demand on the&nbsp;back of rising stock and vacancy rates&nbsp;in recent monthsGiven the unforeseen obstacles, market experts now predict the office market will at best remain muted, in general, with strata office sales expected to stay flat for the rest of the yearIn this insight, we shed light on sales trends in Singapore&rsquo;s strata office&nbsp;market and find out what headwinds it faces, as well as what to expect

We often hear people asking each other whether now is the good time to upgrade or buy the private condominium or apartment they have always wanted given that developers are offering many so-called &lsquo;star&rsquo; buys of properties in the hope of clearing their housing inventories, and the spectre of higher interest rates, such as the three-month Singapore Interbank Offered Rate (SIBOR) which could rise to an expected 2% this year (As of Oct 9, three-month SIBOR stands at 1.13%). Could this be an opportunity to enter the market, before the market turns for the worst?

We often hear people asking each other whether now is the good time to upgrade or buy the private condominium or apartment they have always wanted given that developers are offering many so-called &lsquo;star&rsquo; buys of properties in the hope of clearing their housing inventories, and the spectre of higher interest rates, such as the three-month Singapore Interbank Offered Rate (SIBOR) which could rise to an expected 2% this year (As of Oct 9, three-month SIBOR stands at 1.13%). Could this be an opportunity to enter the market, before the market turns for the worst?

Has the private housing market reached stability?

The Urban Redevelopment Authority (URA) has released its overall 3Q2015 flash property price index (PPI) showing a quarter-on-quarter (q-o-q) decline of 1.3% against 2Q2015, as compared to 0.9% decline in 2Q2015. The city centre or core central region (CCR) prices declined 1.3% versus 0.6% in 2Q2015, while city fringe (RCR) and suburban (OCR) prices declined 1.5% and 1.6% q-o-q respectively. 2Q2015 RCR and OCR prices showed 0.6% and 1.1% declines respectively.

The Urban Redevelopment Authority (URA) has released its overall 3Q2015 flash property price index (PPI) showing a quarter-on-quarter (q-o-q) decline of 1.3% against 2Q2015, as compared to 0.9% decline in 2Q2015. The city centre or core central region (CCR) prices declined 1.3% versus 0.6% in 2Q2015, while city fringe (RCR) and suburban (OCR) prices declined 1.5% and 1.6% q-o-q respectively. 2Q2015 RCR and OCR prices showed 0.6% and 1.1% declines respectively.

Has Singapore's private residential prices bottomed out?

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

iShares MSCI Global Min Vol Factor ETF / Equity Bottom-Up

<ul><li>The Best Ideas list is a compilation of stock ideas sourced from Morningstar&rsquo;s global equity research team.</li><li>With more than 100 analysts covering nearly 1,500 companies, we&rsquo;re able to provide a wide variety of what we believe are attractively priced securities looking across sectors, industries, and geographies.</li><li>Best Ideas are nominated by analysts and approved by managers in addition to the normal due diligence processes that precede our published research and ratings.</li><li>Pan Asian names are particularly focussed this month on the Gaming, Materials, Financials and Consumer Discretionary sectors.&nbsp;</li><li>Analysts: Michael Holt, CFA; Alex Morozov, CFA; Elizabeth Collins, CFA; Lorraine Tan CFA.</li><li>Full report below the fold. In addition subscribers will find in-depth notes and commentary published on several of these names easily available on the platform.</li></ul>

The Best Ideas list is a compilation of stock ideas sourced from Morningstar&rsquo;s global equity research team.With more than 100 analysts covering nearly 1,500 companies, we&rsquo;re able to provide a wide variety of what we believe are attractively priced securities looking across sectors, industries, and geographies.Best Ideas are nominated by analysts and approved by managers in addition to the normal due diligence processes that precede our published research and ratings.Pan Asian names are particularly focussed this month on the Gaming, Materials, Financials and Consumer Discretionary sectors.&nbsp;Analysts: Michael Holt, CFA; Alex Morozov, CFA; Elizabeth Collins, CFA; Lorraine Tan CFA.Full report below the fold. In addition subscribers will find in-depth notes and commentary published on several of these names easily available on the platform.

Singapore

Oversea-Chinese Banking Corporation Limited offers a comprehensive range of financial services.  The Company's services include deposit-taking, corporate, enterprise and personal lending, international trade financing, investment banking, private banking, treasury, stockbroking, insurance, credit cards, cash management, asset management and other financial and related services.

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OCBC (OCBC SP)

Industrial space woes just keep piling up

Singapore’s industrial space market outlook looks dismal with an expected 40.9 million sq ft of available space coming on stream, far exceeding the...

Tay Hock Meng

Muted demand for strata office

Events that have transpired in recent times appear to have a strong bearing on the outlook for Singapore’s strata office space demand: Amid...

PropertyGuru

Has the private housing market reached stability?

We often hear people asking each other whether now is the good time to upgrade or buy the private condominium or apartment they have always wanted...

Tay Hock Meng

Has Singapore's private residential prices bottomed out?

The Urban Redevelopment Authority (URA) has released its overall 3Q2015 flash property price index (PPI) showing a quarter-on-quarter (q-o-q)...

Tay Hock Meng

Morningstar: Global Equity Best Ideas

The Best Ideas list is a compilation of stock ideas sourced from Morningstar’s global equity research team. With more than 100 analysts covering...

Morningstar, Inc.

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