【房屋】2008年9月新加坡房地产市场新闻摘要

四月末 · 发表于 27-9-2008 10:39:00|来自：新加坡

20 Sep
 
KPE to cut journey times by up to 25%
South-East Asia's longest underground expressway - Kallang-Paya Lebar Expressway (KPE) - opened at 10am today. The 12-km KPE runs from East Coast Parkway (ECP) to the Tampines Expressway (TPE). The authorities say the KPE is expected to cut journey times in the north-east corridor as much as 25 per cent, benefiting motorists travelling between the north-east sector and the city, and to improve connectivity between the ECP, Pan-Island Expressway and TPE. The government will build the Marina Coastal Expressway (MCE), to be completed by 2013, to replace the ECP at Marina Bay as a high-speed link between the ECP and the Ayer Rajah Expressway. It will be joined to the KPE, so residents from the north-east can get access to western Singapore. A North South Expressway (NSE) will be completed by 2020 to provide an additional route for residents from the north to reach city areas. There will also be road widening and extensions, such as a new vehicle bridge over Sungei Serangoon to give motorists travelling from Sengkang and Punggol new towns direct access to the KPE. Also, there will be an extension of Bartley Road to Tampines Avenue 10 and widening of the PIE from the Bukit Timah Expressway to Adam Road. 
- The Business Times, P16 (also see The Straits Times, B1)

四月末 · 发表于 27-9-2008 10:45:00|来自：新加坡

24 Sep
 
S’pore Govt Land Sales in 2007 double to S$12.4b
The government sold some $12.4 billion worth of land in the financial year ended March 31, 2008 - double the sales of $6.2 billion achieved in the previous year. The numbers mark a steady increase for 10 straight years now, ever since the property slump in 1997-98. But the $12.4 billion value is still around $2 billion shy of the record achieved in total state land sales during the property boom in the 1997 financial year - netting about $14 billion. Top deals included the purchase of a land parcel at Irrawaddy Road by Parkway Holdings for $1.25 billion in February 2008, and the sale of the iconic South Beach site, which was snapped up by a consortium comprising City Developments and overseas partners Istithmar (part of the Dubai World Group) and United States-based Elad Group for some $1.69 billion in September 2007. The public sector accounted for the remaining $2 billion of land sales. The year was marked by 'urgent strong demand' for land for office, hostel, international schools and other commercial uses, SLA said. SLA also managed some four million sq m in total estimated gross floor area of state properties as at March 31, 2008, a new high. This translated into an occupancy rate of 87 per cent. 
- The Business Times, P4 (See also Straits Times, B22 “SLA’s Land Sales Double to $12 Billion”)
 
 
S'pore still least corrupt in Asia
JUST like last year, Singapore has been ranked the fourth least corrupt country in a global corruption survey. It also retains its status as Asia's least corrupt country on the Corruption Perceptions Index, released yesterday by Transparency International (TI). Conducted annually by the Berlin-based non-governmental corruption watchdog, the index studies the level of public sector corruption in 180 countries and ranks them according to scores. A score of 10 indicates highly clean and 0 means highly corrupt. Singapore scores 9.2, behind joint-leaders Denmark, Sweden and New Zealand, all of which obtained a 9.3 score. Factors contributing to Singapore's ranking included a strong commitment from political leaders; education, which has bred a culture of integrity among citizens; a sound and comprehensive legal framework; and an effective anti-corruption agency. A good ranking helps attract investments as it makes doing business here more predictable and cheaper. 
- The Straits Times, B7
 
Global recession risks 'not insignificant'
Global economic growth is expected to slow from 4.7 per cent in 2007 to 3.8 per cent in 2008. The deleveraging of the US financial system will limit lending and liquidity. Emerging markets are expected to demonstrate resilience despite the headwinds from the developed world, due to continued high domestic demand and strong competitiveness. The switch from inflation to recession fears due to the changed fundamental outlook is led by a banking crisis and wide-spread deleveraging. This has affected almost all asset classes - elevated interbank borrowing costs, widening credit spreads, falling government bond yields and commodity prices. However, the risks of global recession are not insignificant and we believe the market has not yet fully priced in the possibility of such a scenario. Patience, discipline and risk management will be the most important ingredients for a successful investment strategy.
- Chief investment officer Asia, Deutsche Bank Private Wealth Management
- The Business Times, P32
 
Visitors in 2008 will fall Short of 10.8b target: STB
6.86 million tourists visited Singapore in the first eight months of the year. 133,000 visitors travelled from top market Indonesia last month, down 16 per cent from August 2007. Second-largest market China contributed 91,000 visitors, a 21 per cent slump. The number of tourists from Japan - another key market - fell 9 per cent to 53,000 visitors. Australia rose 5 per cent to 65,000 and India edged up 3 per cent to 58,000. Singapore hotels were estimated to have brought in $165 million in room revenue in August, up 3.6 per cent from a year earlier. The average room rate was estimated to be $232, a 14.9 per cent increase, while revenue per available room grew 2.8 per cent to hit $187. Mid-tier hotels accounted for the biggest increases in both cases, up 11.7 per cent and 0.9 per cent respectively, compared with other tiers such as luxury, upscale and economy. The average hotel occupancy rate was 81 per cent in August, a 9.5 percentage point fall from a year earlier.
 - The Business Times, P14 (See also Straits Times, B8, “Tourist Figures Slip for 3rd Month”)

四月末 · 发表于 27-9-2008 10:41:00|来自：新加坡

23 Sep
 

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Economic Growth may Dip below 4% 
Trade Minister Lim Hng Kiang said yesterday that Singapore companies and the economy will face more difficult export markets later this year and going into next year. He expects economic growth to be closer to 4 per cent, maybe even a bit below 4 per cent, depending on how the financial crisis pans out over the next few weeks and months. He said Singapore is well-prepared for these difficulties because of a well-diversified economy. We have our domestic economy to hold us up and we are also looking for other growth opportunities in Asia, Latin America and the Middle East. He dismissed the notion that Singapore would slide into a technical recession - two consecutive quarters of negative growth. He also said that Singapore’s steady pipeline of investments and different projects will keep generating jobs. It was also fortunate for Singapore that China, India and the rest of South-east Asia are still holding up reasonably well. And in Latin America, they are having fairly good growth at more than 5 per cent. 
- The Straits Times, A1
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Old Bay Window Rules Valid for more than 3 Months
The URA will extend by three months the deadline for submission of provisional permission (PP) applications for new developments based on existing bay window and planter box guidelines. On July 7, URA announced that developers would have to include bay windows and planter boxes in total gross floor area (GFA) calculations. Previously they were exempt. URA says bay windows are increasingly treated as internal floor space and few home owners use planter boxes for plants. The deadline has been extended to Dec 31. The change in the guidelines is not expected to have a big impact on on-going projects. URA said that since the announcement there has been no 'spike' in PP submissions. Developers who priced in the GFA incentive when they bid for sites will now have more time to make submissions so their breakeven costs stay on track. For a consortium led by Hoi Hup Realty, which won the tender for a HDB Design, Build and Sell Scheme site at Lorong 1A Toa Payoh in August, submitting a PP application before the deadline could mean slightly lower prices for buyers. Hoi Hup said launch prices could be 5-10 per cent lower than they would be without the GFA incentive.
 - The Business Times, P33 (also see The Straits Times, B18 “Bay window, planter box rule change to kick in later”)</td></tr></tbody></table>

四月末 · 发表于 27-9-2008 10:40:00|来自：新加坡

22 Sep
 
First HDB flats with 10-year Warranty 
Block 270A in Sengkang Central is the first to benefit from the Assure 3 scheme, which carries a warranty period of up to 10 years for the three most common defects found in HDB flats. The warranty covers all flats launched by the HDB after April 2005. This is in addition to the standard one-year defect liability period. The three most common defects, the HDB said, are ceiling leaks, water seepage and spalling concrete - a term for ceilings that crack when steel bars embedded in concrete corrode and expand. Any of the three defects found in the new flats within this period will be rectified by the building contractor at no cost to the flat owners. 
- The Sunday Times, Home P9

四月末 · 发表于 27-9-2008 10:52:00|来自：新加坡

26 Sep
 
<img src="https://webmail.fareast.com.sg/exchange/verawang/Inbox/Daily%20Market%20Update%20-%2026%20September%2008.EML/Top%2010%20Financial%20Centres.jpg/C58EA28C-18C0-4a97-9AF2-036E93DDAFB3/Top%2010%20Financial%20Centres.jpg?attach=1"/>
Singapore Rises to No. 3 in the Financial Centre in Global Index  
S’pore has been ranked the No. 3 financial centre in the world behind New York and London in a new survey, commissioned by the City of London. Singapore enjoyed a rise of 26 points - more than any other centre in the top 20 ranking. Singapore scored 701 points in the ranking, 73 points behind New York and one ahead of Hong Kong. The big losers in the rankings included Frankfurt, which slipped three places to ninth, and Paris, down six places to 20th.
- The Straits Times, B37
(See attachment; “Top 10 Financial Centres” – Source; The Business Times P4)
(See also, The Business Times P4, “S’pore overtakes HK in Financial Centre Ranking”)

四月末 · 发表于 27-9-2008 10:47:00|来自：新加坡

25 Sep
 
Lehman’s Failure won’t Affect Projects: CES
CHIP Eng Seng’s (CES) JV partner; Lehman Brothers Real Estate Partners II (LBREP II) is a US$2.4 billion fund that was closed in 2005. Only a fraction of that sum - some US$400 million - came from Lehman Brothers and its employees. Their 695-unit The Parc Condominium at West Coast Walk is already 95 per cent sold at an average price of $880 per square foot (psf). The 70-unit CityVista at Peck Hay Road is 54 per cent sold at an average $2,550 psf. Lehman Brothers is believed to own a 45,000 square feet building at Clemenceau Avenue worth about $80 million. Its managed fund teamed up with Australia's Lend Lease in a 75:25 JV to buy Paradiz Centre in Selegie Road for $138 million in 2006. Its other assets have been divested. The office building at 71 Robinson Road which Lehman jointly owned with Kajima Overseas Asia in April was sold to a German fund for $743.8 million, higher than some $613.4 million they spent on the land and redevelopment. Lehman sold Novotel Clarke Quay last year to CDL Hospitality Real Estate Investment Trust at $219.8 million, double the amount it spent on it.
 - The Business Times, P8
 
S’pore is No 4 SME Financing: Poll
SINGAPORE is ranked the No 4 city for profitable small and medium-sized enterprise. Emerging top centres of commerce for SME financing are Paris, Tokyo and Munich in MasterCard Research's ranking of 53 global cities. The global revenue opportunity for financial institutions from SME financing is estimated at $5 trillion. In the Asia-Pacific, Middle East and Africa (APMEA) region, Tokyo and Singapore emerged first and second respectively.  
- The Business Times, P14
 
Potential of going South
By the end of next month, Singapore-based Mapletree will move to a permanent office in China. Most of its investments in China have been concentrated in the country's northern and eastern regions, in places such as Tianjin, Beijing, Shanghai, Wuxi, Jiangsu and Xian. Come end-October, with a permanent office in Guangzhou, the capital of Guangdong in South China, Mapletree, which owns $5.7 billion of real estate assets and runs $5.2 billion of third-party assets in Asia, plans to expand its investment base down south in China. Mixed-use development Nanhai Business City, in Foshan City, is a joint venture with a local partner, with Mapletree holding an 80 per cent stake. This is an integrated business, living and leisure precinct with a gross floor area of about 350,000 square metres, costing US$341 million to develop. 
- The Business Times, P13

【房屋】2008年9月新加坡房地产市场新闻摘要

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