2015 Real Estate Daily News - REDAS
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24th Dec (Thu) Real Estate Daily News 2015
Singapore Economy
Fresh ideas for charting future
The committee tasked with charting Singapore's economic future is a diverse one, and necessarily so.
Chaired by Finance Minister Heng Swee Keat, the 30-member Committee on the Future Economy
comprises individuals from a wide range of backgrounds. Five members are political office-holders, with
one holding a concurrent position in the labour movement.
http://www.straitstimes.com/business/economy/fresh-ideas-for-charting-future?login=true
Prices fall for 13th straight month, but core inflation still positive
With the November figures out, Singapore's negative inflation has now gone beyond one year, with
economists predicting that inflation will remain under water in the early half of next year before starting to
rise. However, economists shrug off worries about deflation, and foresee that there will be no major
impetus for the Monetary Authority of Singapore (MAS) to make any tweaks to its monetary policy.
http://www.businesstimes.com.sg/government-economy/prices-fall-for-13th-straight-month-but-core-
inflation-still-positive
Inflation stays negative for 13th straight month
Inflation stayed in negative territory for the 13th straight month in November, amid the soft housing rental
market and low oil prices. Economists say Singapore is not at risk of sinking into deflation, but they note
that the deepening oil price slump and tepid global growth might prompt the central bank to ease the
appreciation of the Singdollar against its trade-weighted basket of currencies next year.
http://www.straitstimes.com/business/economy/inflation-stays-negative-for-13th-straight-month
Singapore Real Estate
Waterway Point in Punggol to open on Jan 18
Waterway Point in Punggol will open on Jan 18, the mall confirmed on Facebook. Frasers Centrepoint Malls
had announced in August that 90 per cent of the retail space in the mall has been tenanted. Waterway
Point will have four levels of indoor shopping, leisure and alfresco dining spaces, with a view of Punggol
Waterway.
http://www.channelnewsasia.com/news/singapore/waterway-point-in-punggol/2372500.html
http://www.todayonline.com/singapore/waterway-point-punggol-open-jan-18
Companies’ Brief
A-HTrust managers review options after takeover interest
Ascendas Hospitality Trust managers on Wednesday said that they were reviewing their options after
receiving an unsolicited expression of interest (EOI) to buy out all its stapled securities. Checks with
investment bankers and lawyers turned up no clue as to who the offerer might be.
http://www.businesstimes.com.sg/companies-markets/a-htrust-managers-review-options-after-takeover-
interest
http://www.straitstimes.com/business/companies-markets/hospitality-trusts-managers-reviewing-options-
after-unsolicited-interest
http://www.channelnewsasia.com/news/singapore/ascendas-hospitality/2371978.html
1SGX Real Estate Index priced below book value; yields near 6%
The SGX Real Estate Index is priced below book value with yields near 6 per cent according to an SGX My
Gateway report. As of Tuesday's close, the 54 stocks were trading at average price-earnings (P/E) and price-
to-book (P/B) ratios of 12.8 and 0.8 respectively, while maintaining a dividend yield of 5.9 per cent.
http://www.businesstimes.com.sg/companies-markets/sgx-real-estate-index-priced-below-book-value-
yields-near-6
Start Singapore: Kluje offers online service to property managers
Local start-up Kluje, which helps home owners find plumbers, electricians and other contractors online, has
expanded its service to property managers. Kluje will post a list of participating contractors, who can bid for
commercial renovation projects, on kluje.com.
http://www.straitstimes.com/business/start-singapore-kluje-offers-online-service-to-property-managers
Views, Reviews & Forum
Why CPF monies, share of HDB flats not automatically covered by a will
We thank Mr Francis Cheng for his feedback ("Let CPF monies, share of HDB flats be covered by a will"; Dec
12). Mr Cheng suggested reviewing the Central Provident Fund Act so that CPF monies can be covered by a
will, and standardising the manner of holding of HDB flats so that owners can specify in their will how their
interest in the flat can be distributed.
http://www.straitstimes.com/forum/letters-in-print/why-cpf-monies-share-of-hdb-flats-not-automatically-
covered-by-a-will
Global Economy & Global Real Estate
US dollar dips as effect of Fed rate hike fades
The United States dollar retreated against most of its major peers and emerging market currencies
yesterday, as analysts predict the Federal Reserve could hold off another hike in borrowing costs until April.
http://www.straitstimes.com/business/us-dollar-dips-as-effect-of-fed-rate-hike-fades
Najib must now focus on the economy
It was clear from Malaysian Prime Minister Najib Razak's closing speech at the United Malays National
Organisation's (Umno) general assembly that he was not going to be cowed by his dissenters into resigning
from his government and party head positions.
http://www.straitstimes.com/opinion/st-editorial/najib-must-now-focus-on-the-economy
M'sian home prices propped up by GST, weak ringgit and hefty compliance costs
Amid Malaysia's soft economy, property prices have moderated on reduced demand but a home remains
out of reach for many people because a new consumption tax, the devalued ringgit and hefty compliance
costs continue to keep prices high, developers say.
http://www.businesstimes.com.sg/real-estate/msian-home-prices-propped-up-by-gst-weak-ringgit-and-
hefty-compliance-costs
Ranking of Asia-Pac logistics hubs expected to stay unchanged
Property consultancy CBRE expects the top eight global logistics hubs in the Asia-Pacific to maintain their
positions over the next 15 years. They are Greater China's Hong Kong, Guangzhou, Shanghai, Shenzhen and
Tianjin; Japan's Tokyo and Osaka-Kobe; and Singapore.
http://www.businesstimes.com.sg/real-estate/ranking-of-asia-pac-logistics-hubs-expected-to-stay-
unchanged
2Sidelined top architect raps Tokyo's plan for 2020 Olympic stadium
http://www.businesstimes.com.sg/real-estate/sidelined-top-architect-raps-tokyos-plan-for-2020-olympic-
stadium
Anbang ups stake in Vanke with 2.8b yuan buy
http://www.businesstimes.com.sg/real-estate/anbang-ups-stake-in-vanke-with-28b-yuan-buy
Davao expands seawards by building four islands
http://www.businesstimes.com.sg/real-estate/davao-expands-seawards-by-building-four-islands
Hotels impose fees, restrictions that drive new sources of revenue
http://www.businesstimes.com.sg/real-estate/hotels-impose-fees-restrictions-that-drive-new-sources-of-
revenue
HK-led group wins US$2.5b Tahiti beach resort project
http://www.businesstimes.com.sg/real-estate/hk-led-group-wins-us25b-tahiti-beach-resort-project
White Plains repositions to draw new residents
http://www.businesstimes.com.sg/real-estate/white-plains-repositions-to-draw-new-residents
No place to dump construction waste
http://www.straitstimes.com/asia/east-asia/no-place-to-dump-construction-waste?login=true
Additional Articles of Interests – Local & Overseas Real Estate
Local & Overseas Real Estate - Full Article
http://www.stproperty.sg/articles-property/singapore-property-news/c/11
http://business.asiaone.com/property/news
http://www.propertyguru.com.sg/market-news
http://www.btinvest.com.sg/property
_____________________________________________________________________________________
Note:
The Daily News & Views is issued as news gathering for the convenience and benefits of REDAS’ members only and not for mass circulation.
Members are advised to exercise discretion in the use and dissemination of the information. Some news links in Daily News & Views are time-
sensitive and require registration of fee-based digital subscriptions. These links may expire with news changes and updates throughout the day
Disclaimer
Real Estate Developers' Association of Singapore does not warrant the accuracy, adequacy or completeness of the information and expressly
disclaims liability for errors or omissions therein. The content, accuracy, and opinions expressed are not investigated, verified, monitored, nor
endorsed by Real Estate Developers' Association of Singapore. Every effort is taken to ensure that all information extracted is correct at the time of
dissemination 24th Dec 2015.
3Real Estate Daily News
A Daily Publication From
REDAS Research & Education
_______________________________________________________________________________________________________________________
About REDAS
The Real Estate Developers' Association of Singapore (REDAS), established in 1959, is Singapore’s premier business association in the real estate and
development industry. REDAS represents some 300 members comprising developers, builders, real estate consultancies and allied professionals,
bankers, REITs and fund managers. The Association actively engages regulators, policy makers and private sector partners to promote best practices
and to support the growth of a vibrant and progressive industry for the creation of quality real estate in Singapore. REDAS regularly organizes
activities such as networking sessions, seminars, charity golf tournaments and international business missions. To uphold the quality of products of
members, REDAS also provide conciliation panel services for
purchasers of residential property.
____________________________________________________________________________________________________________
For enquiries, please contact:
REDAS: Benjamin Lim, Tel: 6336 6655 | E-mail: benjamin@redas.com
© 2015, Real Estate Developers’ Association of Singapore (REDAS)
All rights reserved. The information presented is of a general nature only and is not intended for any particular individual. No consideration has
been given to the individual investment objectives, financial situation and particular needs of any person and investors should independently assess
whether the advice is appropriate to their own circumstances. Whilst every effort has been made to ensure its accuracy the information is taken
from sources considered to be reliable, we do not represent, warrant or guarantee, expressly or impliedly, that it contains no factual errors. No part
of this report may be reproduced in any form without prior permission of Real Estate Developers’ Association of Singapore (REDAS).
_______________________________________________________________________________________________________________________
Real Estate Developers’ Association of Singapore
190 Clemenceau Avenue, #07-01 Singapore Shopping Centre, Singapore 239924
Tel: 6336 6655 Fax : 6337 2217
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