Freelance Research Analyst

Tay Hock Meng

Thematic (Sector/Industry)

The latest 1Q2016 industrial prices and rents released by JTC Corporation showed declines of 2.5% and 2.7% respectively compared to 4Q2015. On a yearly basis, both industrial property prices and rents fell by around 5% as compared to 1Q2015. The yearly decline in industrial property prices were led by single-user factories which fell by 6.2% as compared to previous year, while the multiple-user industrial rents fell the most by 7% on a yearly basis. This led to an overall 5.1% yearly decline in industrial rentals in 1Q2016.

The latest 1Q2016 industrial prices and rents released by JTC Corporation showed declines of 2.5% and 2.7% respectively compared to 4Q2015. On a yearly basis, both industrial property prices and rents fell by around 5% as compared to 1Q2015. The yearly decline in industrial property prices were led by single-user factories which fell by 6.2% as compared to previous year, while the multiple-user industrial rents fell the most by 7% on a yearly basis. This led to an overall 5.1% yearly decline in industrial rentals in 1Q2016.

A Continuing Glut of Industrial Land Supply in Singapore

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.

Executive condominiums are a unique hybrid property class, and are popular due to the lifestyle they offer at more affordable prices. The market has been struggling over a number of quarters, but there are signs of optimism on the horizon ahead. We give you our Guru View: <ul><li>The EC market stagnated in previous years due to oversupply, compounded by a slowing property market</li><li>With the tapering of land sales for this property class, and more conservative bids by developers, we are seeing signs of optimism entering the market</li><li>For HDB upgraders especially, it is a good time to enter the market</li><li>ECs continue to see sound capital appreciation in the long term </li></ul>

Executive condominiums are a unique hybrid property class, and are popular due to the lifestyle they offer at more affordable prices. The market has been struggling over a number of quarters, but there are signs of optimism on the horizon ahead. We give you our Guru View: The EC market stagnated in previous years due to oversupply, compounded by a slowing property marketWith the tapering of land sales for this property class, and more conservative bids by developers, we are seeing signs of optimism entering the marketFor HDB upgraders especially, it is a good time to enter the marketECs continue to see sound capital appreciation in the long term 

Executive Condominiums: Light at the End of the Tunnel?

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.

<ul><li>In China bad loan coverage ratios are falling fast, and there is talk that regulators will even lower minimum requirements. No good can come of this.</li><li>OCBC’s recent disclosure is interesting in two respects, where we believe there has been little focus.</li><li>While headline profit growth at HDFC Bank may be wonderful, we are doubtful that the market is aware underlying bad loan growth.</li></ul>

In China bad loan coverage ratios are falling fast, and there is talk that regulators will even lower minimum requirements. No good can come of this.OCBC’s recent disclosure is interesting in two respects, where we believe there has been little focus.While headline profit growth at HDFC Bank may be wonderful, we are doubtful that the market is aware underlying bad loan growth. 

With a global economic slowdown, businesses in Singapore are cutting costs and rationalising their office space requirements and this was felt most in 1Q2016 when prices and rentals fell by 0.3% and 2.1% respectively on a quarterly basis, while pipeline office space supply grew slightly by 1.6% to 1.009 million square metres (sqm) in gross floor average (GFA) during the same time period.

With a global economic slowdown, businesses in Singapore are cutting costs and rationalising their office space requirements and this was felt most in 1Q2016 when prices and rentals fell by 0.3% and 2.1% respectively on a quarterly basis, while pipeline office space supply grew slightly by 1.6% to 1.009 million square metres (sqm) in gross floor average (GFA) during the same time period.

Slow Return to Normalcy in Prices and Supply of Office Space in Singapore

Property investors have much to be excited about with recently announced plans to develop Jurong. We take a look at the upcoming Jurong Innovation District, as well as Woodlands Regional Centre, and give you the Guru View:<ul><li>Jurong West and Woodlands are two key growth areas that investors should be looking at</li><li>Prices in both areas are relatively low at the moment, with few upcoming launches in the pipeline</li><li>Investors will need to take a long-term view, with a 10 to 15-year window, before plans for the area see fruition</li></ul>

Property investors have much to be excited about with recently announced plans to develop Jurong. We take a look at the upcoming Jurong Innovation District, as well as Woodlands Regional Centre, and give you the Guru View:Jurong West and Woodlands are two key growth areas that investors should be looking atPrices in both areas are relatively low at the moment, with few upcoming launches in the pipelineInvestors will need to take a long-term view, with a 10 to 15-year window, before plans for the area see fruition

Singapore

Singapore Exchange operates as an integrated securities and derivatives exchange, related clearing houses, and an electricity market. It is a multi-asset exchange conglomerate providing listing, trading, clearing, settlement, depository, and data services across equity, fixed income, currency, and commodity markets. The company is headquartered in Singapore and was founded in 1999.

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Singapore Exchange (SGX SP)

A Continuing Glut of Industrial Land Supply in Singapore

The latest 1Q2016 industrial prices and rents released by JTC Corporation showed declines of 2.5% and 2.7% respectively compared to 4Q2015. On a...

Tay Hock Meng

Executive Condominiums: Light at the End of the Tunnel?

Executive condominiums are a unique hybrid property class, and are popular due to the lifestyle they offer at more affordable prices. The market...

PropertyGuru

Asian Banks – Ruminations

In China bad loan coverage ratios are falling fast, and there is talk that regulators will even lower minimum requirements. No good can come of...

Daniel Tabbush

Slow Return to Normalcy in Prices and Supply of Office Space in Singapore

With a global economic slowdown, businesses in Singapore are cutting costs and rationalising their office space requirements and this was felt most...

Tay Hock Meng

Rise of Singapore's West and North

Property investors have much to be excited about with recently announced plans to develop Jurong. We take a look at the upcoming Jurong Innovation...

PropertyGuru

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