Property Update (23 Oct 2013)

SINGAPORE HEAT MAP

HDB – Price Per Square Ft over 90 days (via www.dwg.com.sg)

HDB – Price Per Square Ft over 90 days (via www.dwg.com.sg)

HDB – Volume over 90 days (via www.dwg.com.sg)

HDB – Volume over 90 days (via www.dwg.com.sg)

Condo/Apt – Price Per Square Ft over 90 days (via www.dwg.com.sg)

Condo/Apt – Price Per Square Ft over 90 days (via www.dwg.com.sg)

Condo/Apt – Volume over 90 days (via www.dwg.com.sg)

Condo/Apt – Volume over 90 days (via www.dwg.com.sg)

PROPERTY NEWS

More chances for singles to buy flats (ChannelNewsAsia)

Singapore —

Singles looking to buy a Build-to-Order (BTO) flat will now have more chances to do so as the Housing and Development Board (HDB) has decided to allow this group to buy any excess two-room flats in non-mature estates after catering to the demand from first- and second-timer families. HDB rules stipulate that 30 per cent of two-room flats will be set aside for singles, but the demand for such units from this group has been so overwhelming that the housing authority is offering them more than the prescribed quota.

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300 couples apply for 2-room BTO flat under new scheme (TODAY Online)

Singapore — About 300 couples have applied for a two-room Build-to-Order (BTO) flat in the July and September sales exercise, following a tweak in policy to allow a Singapore citizen with a foreign spouse to apply for such flats in non-mature estates. National Development Minister Khaw Boon Wan revealed the figure in Parliament today (Oct 21) in response to Member of Parliament (Pasir Ris-Punggol) Gan Thiam Poh.

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Indonesia Home Prices Rise as Demand Bucks Higher Rates (Bloomberg)

Indonesia — Indonesia’s most aggressive monetary tightening since 2005 is set to slow economic growth without denting soaring property demand in the world’s fourth-most populous nation. A young population, elevated inflation and property-price gains that outpace interest rates are spurring real-estate sales from Jakarta to Manado. Home prices in the third quarter probably rose 14.6 percent from a year earlier, according to a Bank Indonesia survey, while the Indonesian Real Estate Association predicts housing sales will climb more than 50 percent this year.

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Market Round-Up (Property Report) >>

FEATURED VIDEO

For Sale – The Currency, Ortigas CBD (Philippines) 

Introducing The Currency at the Ortigas Business District (Philippines), the first to offer both office and residential lofts. A 36 storey tower of complex market offering, set to become the newest landmark in the Ortigas Business District. It will change the urban landscape and reinvent the way we look at residential and office spaces.

This Currency rests on 2,015-sqm property at the corner of F. Ortigas Jr. Ave. (formerly Emerald Ave.), Julia Vargas Ave, and Garnet Road, the crossroads of major business establishments, business centers and commercial areas. It is at the heart of the Ortigas Central Business District, and provides a direct link from the premiere residential addresses of Pasig and Rizal areas to the dynamic and vibrant stores and outlets within the vicinity.

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The Philippines: “Writing The Next Chapter”

The Philippines 5: Writing The Next Chapter (Asia Business Channel)

Set in the tropical waters of Southeast Asia, the Philippines is the world’s 2nd largest archipelago. Capital Metro Manila is home to 12 million people, and serves as the political, economic and cultural center. The rising tiger of Asia, the Philippines is in the process of writing the next chapter.

Asia Business Channel (ABC) – is an independent production company specialized in producing programs that focus on the economic development as well as the sights and sounds of countries in focus.  These special programs are aired on a regular basis on Asia’s premiere television network, Channel News Asia.

Singapore maintains 5th position in Global Power City Index

Singapore Maintains 5th in Global Power City Index (Channel News Asia)

SINGAPORE: Singapore has maintained its fifth position in the latest Global Power City Index, a ranking of the world’s cities by a Tokyo-based think tank.

The Index evaluates and ranks the major cities of the world according to their ability to attract creative people and businesses from around the world.

This is the sixth time the Global Power City Index is being announced by the Institute for Urban Strategies at The Mori Memorial Foundation.

Overall, London came in first for the second year in a row, followed by New York, Paris and Tokyo.

While Singapore retained its number five spot, a place it has held since 2009, it was ranked 11th in 2008 — the first time the Index was announced.

In the survey, a total of 40 major cities were assessed on various components such as the economy, research and development, and liveability.

Other factors considered include cultural interaction, the environment and accessibility.

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Property Update (16 Oct 2013)

SINGAPORE HEAT MAP

HDB - Price Per Square Ft over 90 days (via www.dwg.com.sg)

HDB – Price Per Square Ft over 90 days (via www.dwg.com.sg)

HDB - Volume over 90 days (via www.dwg.com.sg)

HDB – Volume over 90 days (via www.dwg.com.sg)

HDB - Price Per Square Ft over 90 days (via www.dwg.com.sg)

Condo/Apt – Price Per Square Ft over 90 days (via www.dwg.com.sg)

Condo/Apt - Volume over 90 days (via www.dwg.com.sg)

Condo/Apt – Volume over 90 days (via www.dwg.com.sg)

PROPERTY NEWS

Singapore Shows Asia How To Crack Down on Housing Bubble (Bloomberg)

Singapore, the city-state that banned chewing gum to curb litter, is showing the rest of Asia how to cool a housing bubble.
The government this year ramped up efforts to bring down property prices that surged to a record, adopting some of its strictest measures, including a cap on debt at 60 percent of a borrower’s income, higher stamp duties on home purchases and an increase in real-estate taxes. The combination and timing of the curbs is the most comprehensive among governments battling housing bubbles, according to Vishnu Varathan, an economist at Mizuho Bank Ltd.

“The government has enacted all these measures quite early,” Vikrant Pandey, a Singapore-based analyst at UOB Kay Hian Pte, the securities unit of Southeast Asia’s third-largest lender, United Overseas Bank Ltd. (UOB), said. “They want to contain a bubble from reaching levels where it brings down the whole system.”

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British house prices rise to record high as inflation remains steady (express.co.uk)

UK — House prices in the UK rose to a record all time high today while consumers received further good news as inflation rates remained unchanged. The Office for National Statistics (ONS) said in the 12 months leading to August 2013 the average British property price rose to £247,000.

The news marked the biggest growth in UK property prices since January 2008. While consumers were given a further boost as inflation remained unchanged at 2.7 per cent despite expectations of a slight fall. The housing market is expected to see further demand over the coming months following the advent of the Government’s new Help to Buy scheme.

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Philippine Real Estate Sector to Undergo Big Changes in the Next 5 Years (ACN Newswire)

Philippines – The Pinnacle Group International and Asia Pacific Real Estate Association (APREA) will be hosting the Asia Real Estate Investment Summit Philippines now at its fourth year on 12 November 2013 at Intercontinental, Manila, Philippines. The 2013 edition will focus on pressing issues in the global market that could affect Philippines real estate sector such as the Fed tapering, a possible retreat of foreign funds into emerging markets and continued volatility in the capital markets. On the on the domestic front, Philippines economic growth continues to be strong riding on the recent investment grade credit upgrade.

There will also be a special presentation about “The Impact of REIT’s on Asian Economies”, an extensive research carried out by APREA. Despite the global slowdown, market players are still optimistic about Philippine’s real estate sector.

Read more >>

Market Round-up (Property Report) >>

FEATURED VIDEO

For Sale – New & Exclusive UK Student Property Investment
Build your wealth through smart property investment. DWG and Trivelles International are proud to present these new and exclusive student property investments that is as low as SG$125,000. These properties are so affordable that they also come with rental guarantees and buy back schemes.

 

For Sale – New & Exclusive UK Student Property Investment

Build your wealth through smart property investment. DWG and Trivelles International are proud to present these new and exclusive student property investments that is as low as SG$125,000.

These properties are so affordable that they also come with rental guarantees and buy back schemes.

For more info, please call:
Paul de Leon
+65 8180 4135
CEA Reg No.: R019100D

Moody’s gives Phl 3rd major investment grade rating

Moody’s gives Phl 3rd major investment grade rating (Philstar.com)

MANILA, Philippines – Moody’s Investor’s Service on Thursday upgraded the Philippines’ credit rating to Baa3, becoming the last major credit rater to give the country an investment grade rating.

Moody’s cited the sustainability of the country’s robust economic performance, ongoing fiscal and debt consolidation, and political stability and improved governance as reasons for the upgrade. The rating comes with a positive outlook for the Philippines.

“In addition, the stability of the Philippines’ funding conditions- during the recent bout of market volatility in emerging markets- points to the country’s relative lack of vulnerability to external financial shocks, such as those arising from anticipated tapering by the (United States) Federal Reserve of its quantitative easing policy,” the credit rater added.

Moody’s likewise upgraded the government’s foreign currency shelf rating to (P)Baa3 and the Bangko Sentral ng Pilipinas’ liabilities have also been assigned a Baa3 rating and a positive outlook.

According to Moody’s, “obligations rated Baa are judged to be medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics.”

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