CKS Newsletter - August 2013

7/30/2019 CKS Newsletter - August 2013

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CKS PROPERTY CONSULTANTS SINGAPORE REAL EST

NEWSLET

AUGUST 2

Highlights | On The News | Featured Properties | Events Cal

HIGHLIGHTS

ON THE NEWS

ore than 200 units sold at Tembusu: sourcesusiness Times, 14 Aug 13ales at The Tembusu, Wing Tai's condo project in the Kovan area, are said to have crossed 200 units byesterday evening. The average price for the 337-unit freehold condo is understood to be in the $1,400-1,5sf range. Sales started yesterday although the project's showflat first opened two weekends ago. Entry tohowflat to VVIPs and those who had pre-registered earlier was by balloting.

cademic paper supports housing curbs for PRs, foreigners

traits Times, 8 Aug 2013he authors of an academic paper have backed the implementing of curbs on housing ownership and invents by permanent residents (PRs) and foreigners as a way to manage demand in the property marketct, they have suggestions on how some of these policy tools might be expanded in reach for greater ef

veness in tamping down demand and runaway property prices.

on-landed private resale prices stalled by loan rulestraits Times, 8Aug 2013rices of non-landed private homes on the resale market stayed mostly flat last month as a new loan fraork to curb excessive borrowing began to bite. Such prices rose just 0.1 per cent islandwide in July fro

onth earlier, according to figures released yesterday by the Singapore Real Estate Exchange (SRX).

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Student accommodation development in Live

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Buyback option available

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Penta House: UK Student Living Investment

24 - 25 Aug 13 (Sat & Sun)11 am 6 pm

Empress Ballroom 3, Carlton HotelDevelopers Presentation @ 1pm, 3pm & 5 pm


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ranquil homes in the north a drawtraits Times, 7 Aug 2013uyers are often attracted to homes in the north for the tranquillity and range of amenities. There are ourses in Sembawang, Orchid and Seletar country clubs, as well as nature reserves and reservoirs. Rents can commute via the North-South MRT Line which takes them to Jurong East, the shopping belt at

hard Road and the Central Business District.

uburban launches 'to cross $1,200 psf'traits Times, 7 Aug 2013ost upcoming suburban condominium launches are likely to breach the $1,200 per sq ft (psf) price thred, based on an analysis of recently sold government land sites. Land prices have shot up sharply in reconths as developers remain bullish on the property market despite several rounds of cooling measures.

ome prices could slip with oversupply expected: Kwekusiness Times, 7 Aug 2013wek Leng Beng, executive chairman of City Developments, says that unless the global and domestic eco

ies rebound strongly and curbs on foreign buyers for private residential property sales are reviewed,oup expects some oversupply in the Singapore residential sector from next year onwards.

DL eyes London property developmentusiness Times, 7 Aug 2013fter posting a 48 per cent year-on-year increase in second quarter net profit to $203.8 million and rewardhareholders with an 8 cents per share special interim ordinary dividend ahead of its 50th anniversary nonth, City Developments Ltd (CDL) fleshed out details of its new growth platforms.

ockets of weakness appear in firm property markettraits Times, 27 July 2013

ockets of price falls have surfaced in the latest official stats on the state of Singapore's private property mets. These include industrial space and some residential categories, which slipped although the propertyarket, as a whole, still remains firm. URA's price index for non-landed private homes in Core Central Reg

CCR) eased 0.2 per cent in Q2 - its first slide in five quarters. In Q1, the index rose 0.6 per cent. More speally, the sub-index for completed non-landed homes in CCR declined 0.5 per cent in Q2, against a 0.4 peent hike in Q1. Still, prices in most property categories continued to climb in Q2. These include a 3.8 per cke in the index for non-landed residential properties in Outside Central Region (OCR) - where mass maromes are located.

racks start to show in private rental sectortraits Times, 27 July 2013

he good times may be coming to an end in the private rental market with oversupply and tighter immigratiolicies taking a toll, say analysts. New figures from the Urban Redevelopment Authority (URA) yesterdayhow that while the sector is still robust, cracks are beginning to appear. Rents grew at 0.3 per cent in theecond quarter of this year from the preceding three months - this was the 15th consecutive quarter of in-ease but well down from the 0.8 per cent quarter-on- quarter rise recorded in the first three months of the

ear. Analysts said the declining pace of rental rises will continue this year and may stagnate, and rentalsay even drop. They pointed to one key factor- a reduced pool of potential tenants as the Government re

uces the inflow of foreign labour.

ON THE NEWS (CONT)

KS Property Consultants | On The News AUGUST


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ne in 10 borrowers overstretched, warns MAStraits Times, 24 July 2013ouseholds here are borrowing more amid low interest rates and combined with soaring home prices, the oses "significant risks" to Singapore's financial stability, the Monetary Authority of Singapore (MAS) hasarned. The central bank said 5 per cent to 10 per cent of borrowers here have likely taken on too much debuy a home. In other words, their total monthly debt repayments exceed 60 per cent of their income, saidAS managing director Ravi Menon. This proportion of "at risk" borrowers could hit 10 per cent to 15 per cmortgage rates rise by 3 percentage points, he added.

rivate units under $1,000 psf still availabletraits Times, 24 July 2013rivate home units going for less than $1,000 per sq ft (psf) may seem rare these days but there are still prcts offering homes at this level. Property consultancy OrangeTee Research has pinpointed 10 develop-ents with units below what has become a key price point for buyers. Ms Christine Li, head of research an

onsultancy at OrangeTee, told The Straits Times: "It has become less common for developers to sell at thice level (or under $1,000 psf) amid rising land prices. "Our estimates for upcoming launches in the seco

alf of this year, assuming developers get a 20 per cent profit margin, show that none of them are selling uless than $1,000 psf." However, new units selling at less than $1,000 psf do exist.

ewer HDB dwellers buy private propertiestraits Times, 20 July 2013ecent property measures have put a squeeze on the number of Housing Board dwellers buying private pties. According to the latest early figures, buyers with HDB addresses picked up 3,700 new private homee first six months of the year. This seems to mark a slowdown from last year, which saw 9,985 such trans

ctions across 12 months. A similar trend has been seen in the private resale market. HDB upgraders bougst 1,550 homes in the first half of this year, compared to 5,261 for the whole of last year.

ON THE NEWS (CONT)

KS Property Consultants | On The News AUGUST


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FEATURED PROPERTIES SINGAPORE/ UK

KS Property Consultants | Featured Properties AUGUST

he Tembusu Address 105 & 107 Tampines Road (District 19)

Tenure Freehold

Developer

Wing Tai Asia

Completion 2017ExpectedDescription

Sited on a land area of approx. 141,539 scomprises 337 residential units and 1 comcial shop.

MRT Station Kovan (0.59KM)

Unit Available

1- Bedroom: 474- 646 sqft

2-

Bedroom:

753-

1,023

sqft

3- Bedroom: 1,044-1,464sqft

4- Bedroom: 1,367-1,701sqft

Penthouse: 2,863-3,886 sqft

Penta House, Liverpool

Student Accommodation)

Address 1 Penta House Upper Warwick Road, Live

Tenure 999 years

Developer Aronex Developments Ltd

Completion June 2014

DescriptionA four storey high full facilities student accmodation

Nearest Metro Brunswick Train Station (0.96KM)

Places of

Interest

City Center (1.4KM)

Liverpool John Moores University (1.9KM

Liverpool university of Performing Arts (2.

University of Liverpool (2.6KM)

Liverpool Hope University (5.6 KM)

Unit Available

Student Pod- 49,900 onwards

Studio- 59,900 onwards

Luxury Studio- 69,900 onwards

Super Luxury Studio- 74,900 onwards

Pentroom- 63,900 onwards

GuaranteedNet Yield 10% for 2 years


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EVENTS CALENDAR

KS Property Consultants | Events Calendar AUGUST


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KS Property Consultants | Featured Properties AUGUST

For more information, kindly visit our facebook page (CKS International Launches) or contact:

Singapore OfficeFoo Meng Wee (CEA Reg. No: R002852I) +65 6531 1769 or email - [email protected] Tang Keat (CEA Reg. No: R048660H) +65 6531 1662 or email - [email protected] Wong (CEA Reg. No: R048862D) +65 6531 1770 or email - [email protected]

CKS Property Consultants is a pioneer in Singapores real estate landscape. Through

the course of our history, we have witnessed the growth and transformation of Singapore

economy and its impact on the real estate industry. Founded in the 1920s as Cheong Ko

Seng Auctioneers & Valuers, the company was renamed CKS Property Consultants in 19to reflect the diversification from its core businesses of valuation and auctioneering. Whwe continue to build on our traditional strengths in valuation and auctioneering, we are na full-fledged property consultancy providing professional services in the residential, comercial, industrial and retail sectors. CKS is today part of the PhillipCapital Group, an ingrated financial services group with a global presence. With offices located in the financhubs of 16 countries, including Singapore, Malaysia, Cambodia, Indonesia, Thailand, HoKong, China, Japan, India, Sri Lanka, Dubai, United Kingdom, France, Turkey, Austra

and USA, the Groups total shareholders funds exceed USD 1 billion. Our affiliat

allows us to leverage PhillipCapitals considerable business network and to partner o

sister companies in regional initiatives.

DISCLAIMER: This document is prepared by CKS Property Consultants for marketing information only. While reasonble care has been exercised in preparing its contents, CKS Property Consultants makes no representation as to its accuracycompleteness, and cannot be held liable for any loss howsoever arising in reliance upon any part of this document

We strongly recommend that you consult an appropriate professional advisor for legal, tax, accounting, or investment advspecific to your situation before entering into any investment decision in connection with the Content.

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CKS Newsletter - August 2013