Singapore - Housing 17 (Feb 16 - Dec 18)

Re: Singapore - Housing 17 (Feb 16 - Dec 18)

Postby behappyalways » Mon Sep 03, 2018 4:18 pm

Khaw Boon Wan: Price of 50-year-old flats can still appreciate, but when they will start depreciating is unknown'
https://mothership.sg/2018/09/khaw-boon ... n-unknown/
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Re: Singapore - Housing 17 (Feb 16 - Dec 18)

Postby behappyalways » Wed Sep 05, 2018 2:55 pm

Developers more cautious in bidding for GLS sites
https://www.edgeprop.sg/property-news/d ... -gls-sites


Provisional Tender Results For Land Parcel At Canberra Link For Executive Condominium Housing Development
https://hdb.gov.sg/cs/infoweb/press-rel ... ondominium


LAND PARCEL AT DAIRY FARM ROAD
https://www.ura.gov.sg/-/media/Corporat ... 18-53a.pdf


LAND PARCEL AT JALAN JURONG KECHIL
https://www.ura.gov.sg/-/media/Corporat ... 18-53b.pdf
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Re: Singapore - Housing 17 (Feb 16 - Dec 18)

Postby behappyalways » Sun Sep 09, 2018 1:30 pm

Large developers sit out GLS tenders following property cooling measures
https://www.theedgesingapore.com/large- ... g-measures
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Singapore - Market Direction 11 (Nov 14 - Dec 18)

Postby behappyalways » Tue Sep 11, 2018 2:27 pm

Singapore's Builders Seen Facing Debt Troubles Amid Curbs
https://www.bloomberg.com/news/articles ... emium-asia
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Re: Singapore - Housing 17 (Feb 16 - Dec 18)

Postby behappyalways » Thu Sep 13, 2018 2:31 pm

Extended tender didn't work for $1b Horizon Towers
https://sbr.com.sg/residential-property ... zon-towers
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Re: Singapore - Housing 17 (Feb 16 - Dec 18)

Postby winston » Fri Sep 14, 2018 9:56 am

Singapore Residential Sector: Life’s not a bed of roses

Although valuations for the benchmark index for Singapore developers are undemanding, given that the blended forward P/B ratio currently stands at 0.55x, or 1.6 standard deviations below its 10-year average of 0.78x, we believe investor sentiment towards the sector remains muted, while there is also a lack of near-term catalysts.

We have seen some pricing pressures on projects which were launched on or shortly before 5 Jul, as ASPs have declined by 0.4% to 6.2% (data from 6 Jul to 2 Sep) as compared to 1 Jun to 5 Jul ASP levels.

As such, we maintain NEUTRAL on SG developers. We narrow our private residential price growth forecast to 8%-10% for 2018 (previously 8%-12%; 1H18: +7.4%), and also trim our private transaction volumes projection to 8k-10k units from 10k-12k units.

Our preferred sector picks are CapitaLand (CAPL SP) [BUY; FV: S$4.09] and UOL [BUY; FV: S$8.48]. We expect developers to focus more on growing their recurring income streams amid residential headwinds and to seek overseas opportunities, while being more prudent in their land replenishment in Singapore.

Maintain NEUTRAL on SG developers. Our preferred sector picks are CAPL [BUY; FV: S$4.09] and UOL [BUY; FV: S$8.48].

Source: OCBC
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Re: Singapore - Housing 17 (Feb 16 - Dec 18)

Postby behappyalways » Sat Sep 15, 2018 4:22 pm

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