Deciphering real estate markets globally., Rems Advisors

TAN Kok Keong

Deciphering real estate markets globally.

Rems Advisors

Thematic (Sector/Industry)

<p>Lake Grande, which was launched in late July, saw a strong sale with 436 units (61%) sold in its first launch weekend. The average transacted price was S$1,368 per square foot, according to The Business Times. This is probably one of the most successful launch in the past two years during its first launch weekend. In this quick note, we evaluate the key reasons that contributed to the successful launch of Lake Grande.</p><h2>(1) Located next to Lakeside MRT Station </h2><p>The most prevailing reason that drawn…</p>

Lake Grande, which was launched in late July, saw a strong sale with 436 units (61%) sold in its first launch weekend. The average transacted price was S$1,368 per square foot, according to The Business Times. This is probably one of the most successful launch in the past two years during its first launch weekend. In this quick note, we evaluate the key reasons that contributed to the successful launch of Lake Grande.(1) Located next to Lakeside MRT Station The most prevailing reason that drawn…

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>As we see recurring headlines of sky-high resale HDB transactions, should Singaporeans worry that such prices are becoming mainstream? We take a look in this issue of the Guru View: </p><ul><li>The number of flats sold above S$900,000 that have been sold have increased since 2015 when units at the Pinnacle hit the market</li><li>More recently, flats in Boon Keng and Clementi have also been marking the news for their sky-high prices</li><li>Buyers and sellers need to negotiate based on overall trends, rather than outlier transactions, to come to a fair buying price</li></ul>

As we see recurring headlines of sky-high resale HDB transactions, should Singaporeans worry that such prices are becoming mainstream? We take a look in this issue of the Guru View: The number of flats sold above S$900,000 that have been sold have increased since 2015 when units at the Pinnacle hit the marketMore recently, flats in Boon Keng and Clementi have also been marking the news for their sky-high pricesBuyers and sellers need to negotiate based on overall trends, rather than outlier transactions, to come to a fair buying price

Are Million-Dollar HDB Flats Becoming the Norm?

<div><h2>Private Residential Primary Sales Status (Excluding Executive Condominiums)</h2></div><p>Primary home sales in Singapore rebounded after the month of school holidays in June. We saw a total of 1,091 units of new homes (ex-ECs) were sold by developers, more than twice the number in June and the highest number of units sold in a month in 2016. However, the number of unit sold is still 34% below that of last year (see Figure 1). </p><p>Figure 1: July 2016 Primary Sales (Excluding Executive Condominium)</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/011/766/original/July%202016%20Primary%20Sales%20%28Ex%20EC%29.png?1471318799" class="editor-image img-responsive" data-smartkarma-image-id="11766"></figure><p>  Source: URA…</p>

Private Residential Primary Sales Status (Excluding Executive Condominiums)Primary home sales in Singapore rebounded after the month of school holidays in June. We saw a total of 1,091 units of new homes (ex-ECs) were sold by developers, more than twice the number in June and the highest number of units sold in a month in 2016. However, the number of unit sold is still 34% below that of last year (see Figure 1). Figure 1: July 2016 Primary Sales (Excluding Executive Condominium)  Source: URA…

Singapore Property Snapshot: Primary Home Sales Rebounded in July

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.

Equity Bottom-Up

<p>It will be some time, before DBS fully absorbs its worsening credit risk in Singapore and abroad. It’s only just beginning. The 10-fold increase in specific allowances for loan losses in Singapore shows what can happen with just a single bad exposure. There will be more. DBS is now reporting a loss in Rest of Greater China, which is largely China, where credit costs are surging. Despite this, its NPL cover at group level is falling sharply. More provisions will come.<strong> </strong></p><p>Over the very long-term DBS’…</p>

It will be some time, before DBS fully absorbs its worsening credit risk in Singapore and abroad. It’s only just beginning. The 10-fold increase in specific allowances for loan losses in Singapore shows what can happen with just a single bad exposure. There will be more. DBS is now reporting a loss in Rest of Greater China, which is largely China, where credit costs are surging. Despite this, its NPL cover at group level is falling sharply. More provisions will come. Over the very long-term DBS’…

<p>Singapore property market in the second half of 2016 continues to remain challenging with declining price index, in view of the deteriorating fundamentals and high level of unsold inventory. We expect vacancies to continue its uptrend and rental market continues to soften in the coming quarters. We also expect the developers to launch their projects with more reasonable prices in the next half of the year.</p>

Singapore property market in the second half of 2016 continues to remain challenging with declining price index, in view of the deteriorating fundamentals and high level of unsold inventory. We expect vacancies to continue its uptrend and rental market continues to soften in the coming quarters. We also expect the developers to launch their projects with more reasonable prices in the next half of the year.

Singapore Property : Mid-Year Health Check

Singapore

United Overseas Bank Limited provides a wide range of financial services including personal financial services, wealth management, private banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management and insurance.

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UOB (UOB SP)

The Successful Launch of Lake Grande

Lake Grande, which was launched in late July, saw a strong sale with 436 units (61%) sold in its first launch weekend. The average transacted price...

TAN Kok Keong

Are Million-Dollar HDB Flats Becoming the Norm?

As we see recurring headlines of sky-high resale HDB transactions, should Singaporeans worry that such prices are becoming mainstream? We take a...

PropertyGuru

Singapore Property Snapshot: Primary Home Sales Rebounded in July

Private Residential Primary Sales Status (Excluding Executive Condominiums)Primary home sales in Singapore rebounded after the month of school...

TAN Kok Keong

DBS' Dire Days

It will be some time, before DBS fully absorbs its worsening credit risk in Singapore and abroad. It’s only just beginning. The 10-fold increase in...

Daniel Tabbush

Singapore Property : Mid-Year Health Check

Singapore property market in the second half of 2016 continues to remain challenging with declining price index, in view of the deteriorating...

TAN Kok Keong

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