Deciphering real estate markets globally., Rems Advisors

TAN Kok Keong

Deciphering real estate markets globally.

Rems Advisors

Thematic (Sector/Industry)

<p>Latest statistics from the Urban Redevelopment Authority points to a dismal office sector, overall office prices decreased 0.6% quarter-on-quarter, rental down by 1.8% and vacancy rate increased by 0.7 percentage point to reach 11.1% as at end of 4th quarter 2016. </p><p>The key statistics are as follows:</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/019/789/original/URA%20Overall.JPG?1485398047" class="editor-image img-responsive" data-smartkarma-image-id="19789"></figure><div style="text-align: left;" class="content-caption">Source: URA</div><h2>Office Price Index and Office Rental Index</h2><p>To many, it seems weird that the Office Price Index is holding up pretty well compared with the fall in the Office Rental Index. The key reason is…</p>

Latest statistics from the Urban Redevelopment Authority points to a dismal office sector, overall office prices decreased 0.6% quarter-on-quarter, rental down by 1.8% and vacancy rate increased by 0.7 percentage point to reach 11.1% as at end of 4th quarter 2016. The key statistics are as follows:Source: URAOffice Price Index and Office Rental IndexTo many, it seems weird that the Office Price Index is holding up pretty well compared with the fall in the Office Rental Index. The key reason is…

<div><h2>Private Residential Primary Sales Status (Excluding Executive Condominiums)</h2></div><p>Singapore primary home sales declined for consecutive two months in December. Developers sold a total of 367 units of new homes, a decline of 57% month-on-month and 4% year-on-year (see Figure 1). December ranked the third worst sale month in 2016, after January and February. The lower number of units sold is expected as developers held back from launching new projects for sale during the month. </p><p>For the whole of 2016…</p>

Private Residential Primary Sales Status (Excluding Executive Condominiums)Singapore primary home sales declined for consecutive two months in December. Developers sold a total of 367 units of new homes, a decline of 57% month-on-month and 4% year-on-year (see Figure 1). December ranked the third worst sale month in 2016, after January and February. The lower number of units sold is expected as developers held back from launching new projects for sale during the month. For the whole of 2016…

Singapore Primary Home Sales Declined 57% in December

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>The sluggish economic conditions along with its downside factors continued to plague overall sentiment in Singapore’s office market this year, casting a cautious business outlook. With a supply glut looming as additional office spaces are set to enter the market in 2017, what can we expect from an already challenging environment?</p><p>This insight provides a recap of the office sector’s performance in 2016, as well as a forecast for 2017.</p>

The sluggish economic conditions along with its downside factors continued to plague overall sentiment in Singapore’s office market this year, casting a cautious business outlook. With a supply glut looming as additional office spaces are set to enter the market in 2017, what can we expect from an already challenging environment?This insight provides a recap of the office sector’s performance in 2016, as well as a forecast for 2017.

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

<ul><li>Alpha Integrated REIT's 1Q26 saw a portfolio occupancy increase to 91.4% and rental reversion of 12.0%.  </li><li>Keppel DC REIT's 1Q26 DPU rose 13.2%, driven by Tokyo Data Centre 3 acquisition and strong portfolio performance.  </li><li>KORE US REIT's income for distribution improved 4.3%, with portfolio rental reversion at 0.8% and occupancy at 85.1%.</li></ul>

Alpha Integrated REIT's 1Q26 saw a portfolio occupancy increase to 91.4% and rental reversion of 12.0%.  Keppel DC REIT's 1Q26 DPU rose 13.2%, driven by Tokyo Data Centre 3 acquisition and strong portfolio performance.  KORE US REIT's income for distribution improved 4.3%, with portfolio rental reversion at 0.8% and occupancy at 85.1%.

REIT Watch - S-REITs commence Q1 reporting season with a positive start

<h2><strong>Rental continues on its moderate recovery path</strong></h2><p>As at 4th quarter 2016, the serviced apartment rental in Yangon increased by 0.3% quarter-on-quarter (q-o-q) and 0.1% year-on-year to US$5,583 per month.  As compared to the peak in 1Q2015, the overall rent has declined by 6.7%.  While rent has weakened compare with previous peak levels, serviced apartments are still relatively expensive in Yangon if it is compared against other emerging market. The average rent of 1-bedroom was about US$4,000 per…</p>

Rental continues on its moderate recovery pathAs at 4th quarter 2016, the serviced apartment rental in Yangon increased by 0.3% quarter-on-quarter (q-o-q) and 0.1% year-on-year to US$5,583 per month.  As compared to the peak in 1Q2015, the overall rent has declined by 6.7%.  While rent has weakened compare with previous peak levels, serviced apartments are still relatively expensive in Yangon if it is compared against other emerging market. The average rent of 1-bedroom was about US$4,000 per…

Yangon Serviced Apartment Sector Remains the Most Attractive Sector

Singapore

Keppel REIT is a commercial real estate investment trust that invests in a portfolio of prime commercial assets across Asia Pacific's key business districts, including Singapore, Australia, South Korea, and Japan. It aims to generate stable income and sustainable long-term total returns for its unitholders. Keppel REIT was established in 2005 and is headquartered in Singapore.

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Keppel REIT (KREIT SP)

Who Can Fill in the Empty Office Spaces?

Latest statistics from the Urban Redevelopment Authority points to a dismal office sector, overall office prices decreased 0.6% quarter-on-quarter,...

TAN Kok Keong

Singapore Primary Home Sales Declined 57% in December

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

TAN Kok Keong

Singapore Office - A Challenging Year

The sluggish economic conditions along with its downside factors continued to plague overall sentiment in Singapore’s office market this year,...

PropertyGuru

REIT Watch - S-REITs commence Q1 reporting season with a positive start

Alpha Integrated REIT's 1Q26 saw a portfolio occupancy increase to 91.4% and rental reversion of 12.0%. Keppel DC REIT's 1Q26 DPU rose 13.2%,...

Singapore Exchange Ltd (SGX)

Yangon Serviced Apartment Sector Remains the Most Attractive Sector

Rental continues on its moderate recovery pathAs at 4th quarter 2016, the serviced apartment rental in Yangon increased by 0.3% quarter-on-quarter...

TAN Kok Keong

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