【房屋】2008年9月新加坡房地产市场新闻摘要

四月末 · 发表于 2-9-2008 02:37:00|来自：新加坡

本帖最后由老鼠爱小米于 22-9-2009 23:33 编辑

2008年7月新闻摘要 <a href="http://bbs.sgchinese.com/dispbbs.asp?boardid=194&Id=1326446" target="_blank">http://bbs.sgchinese.com/dispbbs.asp?boardid=194&;Id=1326446

2008年8月新闻摘要 <a href="http://bbs.sgchinese.com/dispbbs.asp?boardid=194&Id=1369527">http://bbs.sgchinese.com/dispbbs.asp?boardid=194&;Id=1369527

四月末 · 发表于 2-9-2008 02:39:00|来自：新加坡

2008年9月1日新闻摘要
 

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Fire Sale? Don’t hold your breath
Market watchers had warned that the negative sentiment in the property market might prompt investors to offload their uncompleted units and drive home prices down. Savills found that almost everyone who sold a private apartment or condo unit in the sub-sale market in the first 7 months of this year pocketed robust gains. 97% of sub-sale sellers this year have cashed out at a profit. On average, they reaped $417,563 per unit, or a 36.5% gain. This implies that property investors are sitting on profits and are likely to be in no hurry to exit their investments. Industry players caution that 2010 may be a different scenario as the projects that will be completed then were mostly launched during the peak of the market. Buyers bought high and are likely to register losses if they want out of their investments. If prices stay soft and the economy does not make a recovery, buyers might feel an urgency to sell their properties and the market might be flooded with these expensive apartments come 2010. A glimmer of hope for the property market lies in the healthy profits that investors have made so far this year. Consultants expect the profit money to return to the market, which may help to prop up prices.
- The Sunday Times, P25 – 31st August 2008</td></tr>
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JTC to give more specific property info 
JTC Corporation will offer more supply information starting in the first half of next year. This will give developers a better idea of which businesses will find a certain space appropriate. JTC plans to give more details on the types of industrial properties and industry-specific demand. This will help to better match available supply with pipeline demand. JTC holds regular discussion sessions with developers to update them on coming launches and seek feedback about JTC initiatives. 
 - The Straits Times, B19</td></tr>
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Singapore's chemical romance continues
The Economic Development Board (EDB) is expecting more specialty chemical players in the form of national owned companies (NOCs) and others from emerging markets such as China, India and the Middle East to set up shop here, as it steps up efforts to attract more downstream players. The deals in the pipeline will include a mix of new players and companies that have a small presence in Singapore. Japan's Mitsui Chemicals which has pumped in around US$700 million is mulling the set-up of another phenol plant here, while Asahi Kasei Corporation said it has considered building a synthetic rubber facility. Tamil Nadu Petroproducts' petrochemical plant is worth US$110 million.
- The Business Times, P3</td></tr>
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Businesses suffer big hit in Q2: poll
Business sales and profits here took a big hit in the second quarter amid a sharp economic slowdown, and GDP growth in the third quarter of this year could slow further to 1.4%, according to the latest BT-UniSIM quarterly survey of business activity. The survey of 138 local and foreign companies found that all the indicators for Q2 were down from a year ago. The business prospects net balance - the difference between the proportion of companies that expect better times and those expecting worse - plunged 81 points to negative 25% from Q2 last year. The profits net balance indicator dived 32 points year-on-year to minus 5%. The BT-UniSIM survey found that foreign companies fared worse than their local counterparts. In terms of business prospects in the next six months, local firms were less pessimistic than foreign companies. The survey also showed that smaller companies fared better than large ones and business activities were stronger in Singapore than in other countries. 
- The Business Times, P1</td></tr>
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UK downturn deeper than feared: finance minister
Britain's economic downturn is likely to be deeper and last longer than originally feared and it might turn out to be the worst for 60 years, its finance minister said. His comments came just days before a planned package of measures designed to buffer the economy and help the government regain the political initiative. Official figures showed the economy failed to grow in the second quarter for the first time since the early 1990s. House prices have crumbled by more than 10% over the past year and the number of mortgages approved for home purchase has hit a record low, suggesting no hope of recovery anytime soon. 
- The Business Times, P23</td></tr>
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DBS and China Unionpay
- DBS gives you access to China Unionpay in Singapore, China and in countries that DBS operates in
- Promotion: DBS is giving a RISIS souvenir when you charge minimum S$200 to your China Unionpay Card at Takashimaya Department Store.
 - The Straits Times, A7 - advertisement</td></tr></tbody></table>
 
 ST Index weekly change 2,739.95 (+16.65) 
SIBOR (3 mths): 1.23214 (S$)
SWAP (3 mths): 1.24638 (S$)

四月末 · 发表于 2-9-2008 23:15:00|来自：新加坡

2008年9月2日
 

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Developers starting to preview projects 
Keppel Land released a new high-rise tower block at Reflections at Keppel Bay on the weekend, putting up a third of the block's 83 units for sale in Singapore and Hong Kong. About 10 apartments have been sold since Saturday, ranging from $1,500 to $2,300 psf and at an average of just over $2,000 psf. A two-bedroom apartment on a low floor would cost about $1.5 million. Reflections has a total of 1,129 units in six high-rise tower blocks and 11 low-rise villa blocks. Also on the weekend, Far East Organization invited interested buyers to its showflat for Miro, which sources say will be launched in about two weeks. The freehold development is priced at around $1,700 psf on average. Prices start at about $1.6 million for a one-bedroom studio loft. A boutique project at Moulmein Road starts previews this weekend with plans for a launch next Monday. Mulberry Tree has 32 freehold units and indicative prices are $1,300 to $1,500 psf, from $700,000 onwards. The two-bedroom flats, of about 710 sq ft each, cost around $900,000. The project is forecast to be completed at the end of 2011. Developer Hong Fok is expected to preview its Concourse Skyline in Beach Road later this month. Prices are likely to range from $1,600 to $2,000 psf, with two-bedroom units priced upwards of $1.8 million. The 360-unit development is slated to be completed in 2013. Tat Aik Group has also started to preview Nathan Residences on the former Nathan Court in Nathan Road. Sales are expected to start this week, with prices in the region of $2,000 psf. One-bedroom units will start at $1.2 million and two-bedroom apartments are likely to go for $1.6 million. 
- The Straits Times, B16</td></tr>
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Govt waives building premium on lease top-ups
The government will waive the building premium when a lease extension is granted on all property types, with immediate effect. But the impact is likely to be minimal because fewer than 30 developments have sought lease extensions in the past year and only a few have incurred the building premium. The government decided on the building premium waiver because this will encourage lessees to invest in the upkeep and improvement of the property. Knight Frank said that the building premium makes up a small part of the taxes and if the amount waived is too small, it may not encourage building owners to upkeep their property. Knight Frank believes the properties most likely to be affected are industrial units on short leases and leasehold conservation properties.
- The Business Times, P2 – also see The Straits Times, B18 </td></tr>
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Now, deferred payments with a twist
The deferred payment scheme may be banned, but similar schemes are helping developers to sell. The interest absorption scheme (IAS) and the zero instalment scheme allow the buyer to make a 20% downpayment - and then pay nothing until the TOP. Maybank, OCBC Bank and United Overseas Bank (UOB) are offering the scheme and Standard Chartered Bank is launching it soon. Under the new schemes, the buyers have to sign up to a bank loan for the property. Once the buyers’ creditworthiness is established, the buyer pays nothing till TOP. During that period, it is the developer that pays interest to the bank, under the IAS. Some small projects such as Chepstow Ville and Lynwood Grove are sold out after resorting to the IAS. Risks to the developer are lower with the IAS because the bank will disburse the loan to the developer according to the progressive payment schedule during construction. Observers say such schemes could come back to bite the banks if the value of the properties fall.
 - The Business Times, P1</td></tr>
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ˉ ST Index change 2,713.79 (-26.16) 
SIBOR (3 mths): 1.18750 (S$)
SWAP (3 mths): 1.22757 (S$)

四月末 · 发表于 5-9-2008 01:19:00|来自：新加坡

2008年9月4日新闻摘要
 
Growth forecasts get another trimming
The Monetary Authority of Singapore (MAS)'s latest poll of economists shows that they have cut their forecasts of Singapore's 2008 GDP growth to a median 4.2%, down from 5.5% three months earlier. The poor GDP figures - GDP grew 2.1% in Q2, and contracted 6% against Q1 - prompted cuts to the growth forecasts. Following the release of dismal July industrial production data - output fell almost 22% - economists have cut their forecasts further. The economists also forecast 2.7% GDP growth in Q3, and 4.8% in Q4. 
- The Business Times, P4
 
Review GDP4.2%
 

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Lenders must ensure borrowers can afford instalments when due: MAS
Lenders must make sure that home loan borrowers can afford their instalments, says the Monetary Authority of Singapore. Observers say that given the worsening economic outlook and falling property prices, financing schemes offered by banks - that allow home buyers to make a 20% downpayment and then pay nothing until the TOP - will pose higher risks to banks. Maybank, OCBC and United Overseas Bank are offering the schemes. Standard Chartered Bank will launch one soon. DBS has stopped offering such schemes. MAS expects financial institutions granting housing loans to apply prudent credit assessment criteria. 
- The Business Times, P9
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Morgan Stanley raising US$10b global property fund: source
Morgan Stanley is raising US$10 billion for a global property fund and plans to put US$1.5 billion or more of that into China, shrugging off concern about a property market downturn. The Morgan Stanley Real Estate Fund VII Global is expected to begin investing worldwide before the end of this year. It will invest at least 10 billion yuan (S$2.1 billion) in China over the next few years, taking a gradual approach while focusing on the largest cities such as Shanghai. A property investment arm of Morgan Stanley plans to sell at least two serviced apartment projects in Shanghai. Morgan Stanley and other foreign funds, including Blackstone and Carlyle, are also looking for investment opportunities in high-end residential and commercial properties in China.
 - The Business Times, P31
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HK home transactions slump 60% to two-year low
The value of Hong Kong home transactions fell 60% to the lowest in more than two years in August. The total value of residential transactions last month fell to HK$15 billion (S$2.75 billion) from HK$37.8 billion a year earlier. The figure, the lowest since July 2006, represented a 40% decline from the previous month. The impact of credit market losses may be spreading to Hong Kong, with the threat of a global economic slowdown and a slump in the stock market leading potential homebuyers to expect to pay less for properties. The number of Hong Kong home transactions in August fell 54% from a year earlier, and 28.9% from July, to 5,284. Home prices in the city fell 4.4% between the end of June and August. Credit Suisse forecast a 5 to 10% drop in prices in the second half.
- The Business Times, P30
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Bosch opens research and technology centre at NTU
The Bosch Group yesterday officially opened its Research and Technology Centre (Asia-Pacific) at Nanyang Technology University (NTU), as part of its plan to establish its regional headquarters for research and advance engineering in Singapore. Bosch will invest up to $30 million in a modern laboratory and high-tech equipment over the next five years.
- The Business Times, P9</td></tr>
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ˉ ST Index change 2,706.53 (-52.41) 
SIBOR (3 mths): 1.18750 (S$)
SWAP (3 mths): 1.26493 (S$)

四月末 · 发表于 5-9-2008 01:06:00|来自：新加坡

2008年9月3日新闻摘要
 

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Property buyers defy Hungry Ghost taboo at auction market
The highest sale value for auctions so far this year was registered in August – during the Hungry Ghost Festival. According to Colliers, 12 properties and sites out of 66 put up for auction were sold, fetching $22.75 million. This surpassed the next-highest auction sale value of $11.35 million in June this year and the $9.56 million during the Hungry Ghost Festival last year. It confirms that buyers will defy traditional taboos and will commit to a purchase so long as the price and location - among other factors - are right, said Colliers. 61% or $13.81 million came from the sale of four residential in-fill sites at a Singapore Land Authority auction. From January to August this year, properties sold at auctions totalled $70.79 million. In the same period last year, total sale value was more than four times higher at $329.18 million. Sales are taking longer to materialise in the auction market, said Knight Frank. Residential property sales in the auction market have been slow and some potential buyers may be waiting for more re-possessed property to come along, which may happen beginning next year as new developments receive their TOPs, said DTZ. Commercial and industrial properties sold at auctions during August this year fetched more value than residential properties. During market downturns, investors tend to shift their focus to non-residential properties, said Colliers.
- The Business Times, P10</td></tr>
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Asians want to bet more on property
Mass affluent and high net worth individuals in Singapore would like to invest more into property, a survey by Barclays Wealth found. Those surveyed also indicate that in a time of increased economic volatility they would like to raise their allocations into cash, and take on more risk. The survey, done together with the Economic Intelligence, was conducted between March and April this year. Sentiment here on property, however, has dampened this year. Roughly 2,300 investors were polled, with investable assets of between ￡500,000 and over ￡30 million. On property, 57% of those in China indicated they want to raise allocations, compared to 48% in India and 45% of Singaporeans. Barclays Wealth head of behavioural finance says a drop in property prices may not dampen desire by very much. Data seems to suggest that Asian investors treat volatility opportunistically, rather than cautiously. This may be because investors see the current downturn as a dip in an upward trend for Asia and the emerging markets. Another factor that may favour risk taking is that many in Asia are entrepreneurial, first or second generation wealth owners.
- The Business Times, P38</td></tr>
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S'poreans more open to risk-taking: Survey 
Wealthy Singaporeans are more likely to brave volatile stock markets and invest in riskier assets compared with investors in the West, according to a survey conducted by Barclays Wealth and the Economist Intelligence Unit (EIU). 39% of Singaporean respondents are likely to raise the level of risk in their portfolios. This compared with 29% in Britain, 36% in the United States and 34% in Hong Kong. But high net worth Singaporeans are still not as willing to take risks like people in emerging markets such as China and India, where 4 in 10 are opportunistic in the current environment. 
- The Straits Times, B25</td></tr>
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Singapore ranked top global city for meetings
Singapore was ranked the world's top international meeting city in 2007 by the Union of International Associations (UIA), climbing from third spot in the 2006 rankings. Singapore was also ranked Asia's top city for meetings for the 25th consecutive year and Asia's top country for meetings. In 2007, business travel and MICE visitors accounted for more than $5 billion or 40% of total tourism receipts. The Senior Minister of State for Trade and Industry cautioned that Singapore's business travel and MICE industry would face some short-term challenges due to the uncertain global economy and financial markets. But one initiative supporting the growth of the industry is the upgrading of the facilities at the Singapore Expo.
 - The Straits Times, P10</td></tr></tbody></table>
 
ST Index change 2,758.94 (+45.15) 
SIBOR (3 mths): 1.18750 (S$)
SWAP (3 mths): 1.20864 (S$)

四月末 · 发表于 5-9-2008 13:37:00|来自：新加坡

2008/9/5
 

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CCT signs up leases for 77,900 sq ft in 2 office towers
CapitaCommercial Trust (CCT) says 77,900 sq ft of office space at Capital Tower and One George Street has been renewed or newly committed for between two and three years. Three companies account for the leases - JPMorgan Chase & Co, BHP Billiton and Shinhan Bank. Rents are in line with rates achieved at comparable Grade A office buildings - $16 to $20 psf pm. CapitaLand will lease 1,313.2 sq ft of office space at Capital Tower for three years for a sum of $449,125.92. The monthly rent works out to about $9.50 psf pm. BHP Billiton is also leasing about 150,000 sq ft at Tower 2 of the Marina Bay Financial Centre, slated for completion in Q2 2010. At One George Street, South Korean bank Shinhan Bank has taken space to grow its business in Singapore.
- The Business Times, P4 – 
(also see The Straits Times, B - “CCT inks top-rate leases at two prime office buildings”</td></tr>
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Private banks want slice of NRI action
Private bankers have set their eyes on the rising wealth of non-resident Indians (NRIs) whose businesses are usually closely tied to the booming Indian economy. Some banks, such as Barclays Wealth, are looking to expand their team of relationship managers working on this segment as they expect the NRI slice of their private banking pie to grow quickly. The growth in the assets under management in the NRI segment has been rapid, with SG Private Banking projecting a steady growth of 35-40% in Asia. Barclays Wealth is making sure that its team consists of bankers who are familiar with specific geographies and languages to better tap the different markets. Both SG Private Banking and Barclays Wealth have designated Singapore as a hub for their NRI business. SG Private Banking is also one of the sponsors for a business-focused conference for NRIs here on Oct 9 to 11. 
- The Business Times, P2</td></tr>
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Commercial spending here up 35% in 2007
Commercial spending in Singapore jumped 35% to US$371.58 billion last year, from US$275.2 billion the year before - the third fastest growth in the Asia-Pacific after Myanmar at 41% and Hong Kong at 36%. The five Asia-Pacific countries with the biggest commercial spending were Japan, China, India, South Korea and Australia. For Asia-Pacific as a whole, commercial spending grew 13% to US$18.9 trillion last year, Visa's Commercial Consumption Expenditure (CCE) index shows. To calculate the index, Visa takes into account business-to-business purchases of goods and services required for production, government spending, wholesale and retail purchases of final products and some private fixed investment.
- The Business Times, P8</td></tr>
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S'pore, China reach free trade accord 
Singapore has become the first Asian country to conclude a bilateral Free Trade Agreement (FTA) with China, a move that will boost economic and trade ties between the two countries even further. The Singapore-China FTA will cover a range of areas including trade in goods and services, movement of people, investment, customs procedures, technical barriers to trade, and economic cooperation. Deputy Prime Minister Wong Kan Seng said that the pact will result in liberalisation, the lowering of tariffs for many goods, services, investments, and so on. For Singapore businesses, there will be better access to the Chinese market. 
- The Straits Times, A1</td></tr>
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Defections forcing UK to review tax overhaul
A proposed overhaul of Britain's corporate tax regime has triggered defections to more business-friendly countries, adding to the woes of a Treasury facing declining corporate receipts amid an economic downturn. Uncertainty over corporate tax has forced many businesses to consider their options and mull an overseas move. Critics of the UK's corporate tax system see a regime which has fallen behind Europe and Asia, which have taken bold steps to make their countries more attractive to international businesses. The Confederation of British Industry said that the UK corporate tax system is unsustainable in the long run. 
- The Business Times, P14</td></tr></tbody></table>
 
ˉ ST Index change 2,626.05 (-80.48) 
SIBOR (3 mths): 1.19643 (S$)
SWAP (3 mths): 1.30872 (S$)

四月末 · 发表于 9-9-2008 00:34:00|来自：新加坡

近期开盘私人住宅（以近期在报纸上打广告为来源）
想买公寓，现金和CPF加起来至少要有20万打底，才会比较有余地！
 
Floridian
- Freehold
-Bukit timah road (in between Nexus and Maplewood, 440m away from future blakmore MRT Station)
-366 units, 230,000sqf site area
-Miami coast resort concept
-$1380p.s.f, stamp duty rebate for first 10 buyers
-2/2+1/3
 
有兴趣的朋友可以给我留言，我现在正在负责这个楼盘。
 
 

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The Ambra
- Freehold apartment
- Lorong H Telok Kurau
- 8 minutes to Kembangan MRT
- 3 minutes to Telok Kurau Park
- Units left: 3, 3+1-bedroom, 2+1-bedroom penthouse (1 unit), 3-bedroom penthouse
- Average $850 psf
- Expected TOP: 30 June 2012
- Developer: Roxy Homes 
- Marketing agent: Savills
-The Straits Times, B7 - advertisement</td></tr>
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Kovan Residences
- 99-years w.e.f. 31 Dec 2007
- Near Kovan MRT station. 13 minutes to the city 
- 2, 3, 4-bedroom apartments, single-level or duplex penthouses with private pools or Jacuzzis
- $800-950 psf
- Expected TOP: 30 April 2010
- Joint developers: Centurion and Lian Beng Group
- Marketing agent: DTZ
-The Straits Times, B11 - advertisement</td></tr>
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37 Chancery Lane
- Freehold cluster bungalows with individual swimming pool
- Spacious living area – 5103 – 5867 sq ft
- 4 three-bedroom+basement cluster bungalows
- Only 2 units left: $880 psf 
- Deferred payment scheme
- Expected TOP: 31 October 2011
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Livia
- 99-years leasehold condo (from 7 Jan 2008)
- Located just off Pasir Ris Drive 1
- 8 minutes walk to Pasir Ris MRT Station
- Phase 2 now launched 
- 3-, 4-BR apartments and penthouses
- Average: $670 psf
- 3-BR units: $800,000 - $940,000
- 4-BR units: $990,000 - $1.05 million (1,539 sq ft)
- Expected TOP: 31 Dec 2011
- Developer: Hong Realty
- Transactions in Aug (new sale): $631-732psf
 - The Straits Times, C3 - advertisement</td></tr>
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The Wharf Residence
- 999-years les 15 days from 1 July 1841
- Tong Watt Road (near Kim Yam Road and Mohamed Sultan Road)
- 4 blocks
- Absorption of stamp duty 
- Attractive loan interest scheme for limited units
- Developer: CapitaLand
- Marketing agent: ERA
- <a href="https://webmail.fareast.com.sg/exchweb/bin/redir.asp?URL=http://www.wharfresidence.com.sg/" target="_blank">www.wharfresidence.com.sg</a> </td></tr></tbody></table>

四月末 · 发表于 9-9-2008 00:36:00|来自：新加坡

2008年9月8日新闻摘要
 

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Looking for your first home
Now may be a good time for genuine home buyers to take advantage of the slowdown and scour the market for bargains. Besides budget, location and space needed in a home, there are other considerations when buying a home for the first time. Mortgage consultancy portal <a title="blocked::http://www.housingloansg.com/" href="https://webmail.fareast.com.sg/exchweb/bin/redir.asp?URL=http://www.housingloansg.com/" target="_blank">HousingLoanSG.com</a> recommends shopping for a home loan before shopping for the home. Obtaining an in-principle loan approval from a bank allows you to calculate the exact loan amount you can get based on your income and repayment ability. In the initial browsing stage, it is important to research through sources such as Classified Ads, online property listings, and recent transactions to have a gauge on market prices. Other considerations include legal fees for a valuation of the property and mortgage insurance. 
- The Sunday Times, 7th Sep 2008</td></tr>
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Investing in land overseas
Land banking firms typically buy rural land with the intent to re-zone it into commercial or residential use, or both. These firms in turn invite investors to buy parcels of land. Chesterton cautioned that investors may make some money from buying land, but probably not much more than from other high-yielding investments which are probably less risky. IPP Financial Advisers' investment director advised investors to consider land banking as an asset class only if they have a medium to long time horizon and have already set aside sufficient savings to for liquidity needs. There is typically an administration fee and a broking fee of, say, 15 per cent of the resale price for the transaction. Land banking is highly dependent on government policies or directives. There is always a risk of the land not being approved for development. The holding period for land banking projects can turn out to be long. The projects are typically subject to tax by the respective countries upon exit. Consumers are also subject to foreign exchange risk as most projects are denominated in the local currency where the raw land is.
- The Sunday Times, 7th Sep 2008</td></tr>
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You got a home..does your car?
A Straits Times survey of 26 condominiums launched or built after 2005 showed carparks are getting smaller, with some even falling below a government standard of at least one lot per unit. About 50% of the condominiums surveyed will have just one lot for each unit - plus not more than 5% of extra lots - when completed. The situation is more pronounced in the city. At least three new developments - The Sail <a title="blocked::mailto:@" href="mailto:@" target="_blank">@</a> Marina Bay, Marina Bay Residences and Icon - have between 20% and 40% fewer lots than units. The Sail @ Marina Bay will have 700 lots for its 1,111 units. A survey of about 10 condos built between 1980 and 2000 showed they were more generous, with over 50% of them giving at least 15% more leeway for lots. A handful of retailers at Icon - a retail-cum-residential development - said a few customers have complained it can be hard to find a lot during the peak hours. Reasons for this trend include the sheer cost of land and construction, the smaller plots of land for sale these days and the higher construction costs of basement carparks. The exception is usually super deluxe condos, which sell for about $3,000 or more psf. For example, the upcoming Boulevard Vue will provide up to four lots for each penthouse unit.  
- The Straits Times, B6 (See attached “9Sep_CondoCarparkCrunch.jpg”)</td></tr>
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Exec search firm sets up HQ 
Singapore’s attractiveness as a business location and a springboard to the region has drawn Whitehead Mann Partnership, to set up a second headquarters here. The international search firm specialises in the search for directors and C-level executives (such as CEOs and chief financial officers). Besides these services, Whitehead Mann also offers due diligence and referencing services, talent management advice and human capital research. Whitehead Mann has plans to expand into India in the coming year, and is exploring entry into China. 
- The Business Times, P10</td></tr>
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6 Indians among Asia's 15 youngest billionaires
Forbes has now included 6 young (below 40) Indian men in its list of 15 youngest Asian billionaires. The Indian billionaires' list includes brothers Malvinder Singh and Shivinder Singh, who command a net worth of US$2.5 billion. The siblings control generic drug manufacturer Ranbaxy Laboratories, founded by their ancestors, which was sold earlier this year to Japan's Daiichi. Despite the sellout, Mr Malvinder Singh remains CEO of Ranbaxy, while Mr Shivinder Singh straddles the Indian hospital chain Fortis Healthcare, which went public in 2007. Forbes has noted that India has maintained its pace in the money race and its 'millionaires jumped 23% last year while the billionaire count soared to 53 from 36 the previous year'. India boasts a competitive demographic advantage in a young population, observed Forbes, and its 6 under-40 billionaires represent a cumulative worth of US$8.3 billion. In another compilation 10 Indian companies - led by the state-run conglomerate Bharat Heavy Electricals Limited (BHEL), telecom major Bharti Airtel and Mukesh Ambani-led Reliance Industries Ltd (RIL) - have made it to the magazine's list of 50 best companies in the Asia-Pacific region. 
- The Business Times, P19</td></tr></tbody></table>
 
ˉ ST Index change 2,574.21 (-165.74) 
SIBOR (3 mths): 1.24107 (S$)
SWAP (3 mths): 1.31141 (S$)

四月末 · 发表于 9-9-2008 00:23:00|来自：新加坡

2008年9月6日新闻摘要
 
 

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Future returns from green moves today
95 Green Mark Awards were given out to environment-friendly buildings in 2007, a jump from 17 in 2005. Eco-friendly practices have become an integral part of property development and management, as well as corporate social responsibility activities today. In a McKinsey Quarterly survey last December of more than 2,100 global executives, 68% felt climate change is a somewhat or very important factor to consider when managing corporate reputation and brands. Besides winning public favour, green initiatives can help launch companies onto institutional investors' radar screen. City Developments noted that increasingly, investment funds are more concerned about the company's CSR efforts. Going green could also leads to cost savings in the long term. But some industry watchers believe that the broader market still needs time to warm to developers' green initiatives.
- The Business Times, P34</td></tr>
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Mortgage rates still at rock bottom 
Singapore's banks are continuing to offer rock-bottom mortgages. The latest to reaffirm Singapore's low interest rate home loans environment was Malayan Banking (Maybank), which yesterday launched a new three-year variable home loan that offers a low interest rate of 1.68 per cent a year for the first year. After that, the rates increase to 2.48 per cent for the second year and 2.88 per cent in the third. With interest rates so low, many home owners naturally consider refinancing their home loans with packages that are pegged to a faltering Sibor. DBS Bank said Sibor-pegged loans offer customers more transparency and also allow them to enjoy lower interest rates.
- The Straits Times, C23</td></tr>
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Indian diaspora to gather here for major conference 
India’s regional diaspora is being invited to Singapore next month to attend a major conference, designed to offer a glimpse of the burgeoning business opportunities emerging in the country. The conference, from Oct 9 to 11, is called PBD Singapore. It will be held at the Suntec Singapore International Convention and Exhibition Centre and is being jointly organised by the Singapore Indian Chamber of Commerce and Industry, India's Ministry of Overseas Indian Affairs and the Confederation of Indian Industry. About 500 to 700 delegates are expected to attend, including businessmen from the Asia-Pacific region as well as those from other nations who have business interest in India. 
 - The Straits Times, C20</td></tr>
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Japanese-led group snags Senoko 
SINGAPORE'S largest and oldest power plant was sold to a five-member group of foreign investors yesterday for almost $4 billion. A Japanese-led consortium emerged as the winning bidder for Senoko Power - owned by Temasek. The winning group includes French GDF Suez, operator of Europe's largest natural gas network, and Japanese trading house Marubeni Corporation. The companies hold 30 per cent each. Two Japanese firms, Kansai Electric Power and Kyushu Electric Power, hold 15 per cent each while Japan Bank for International Cooperation holds 10 per cent. 
- The Straits Times, C19</td></tr>
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Top-tier London homes still hot; wider market cools
London’s housing market may be cooling, but not when it comes to 10-bedroom mansions with designer interiors, indoor swimming pools and private gardens in the capital's most sought-after neighbourhoods. Demand for these homes - known as the 'super-prime' or even 'uber-prime' slice of the market and typically priced upwards of ￡20 million (S$50.7 million) - is still far ahead of supply. Fuelled by oil and commodity prices, which are adding to the wealth of emerging market millionaires, demand is showing no sign of slowing. The 'super-prime' segment is blossoming, helped by London's enduring popularity and by a lack of properties at the very top end and few coveted addresses.
- The Business Times, P20</td></tr>
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UK consumers curbing spending on recession fears
A surge in cost-consciousness as the UK teeters on recession and more people fear for their jobs is taking its toll on retailers. According to the Confederation of British Industry, 46% of retailers reported lower sales in the first half of August compared with a year earlier. According to a study by Nationwide, consumer confidence is 44% lower than a year ago.
 - The Business Times, P21</td></tr></tbody></table>

四月末 · 发表于 9-9-2008 11:56:00|来自：新加坡

2008年9ue9日新闻摘要
 

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Size up home supply again
Last year, the Government announced the huge number of new homes in the supply pipline, to help keep soaring home prices in check. However the property market now is not as feverish as it was last year. Developers have adjusted to the cooling market sentiment by putting off sales. The Government should also adapt its calculation of supply figures to reflect these new conditions. The massive supply figure is now acting as a drag on the negative sentiment. A more accurate reflection of impending supply is to focus on units that have already begun to be built, as opposed to those still on the drawing board. Given the construction crunch and delayed launches, that would more than halve the supply figure. According to URA in July, the total supply of homes in the pipeline has jumped to 67,569. But a closer look at the data shows that construction has started on only 31,176 of these units. Figures under construction tend to stay more stable from quarter to quarter, unlike the total supply number. Apart from this, URA should also divulge how many units have had their scheduled completion dates pushed back, and to which years. This would throw light on the extent of delays in project completions, something the overall supply figure alone cannot communicate. Another useful measure would be to break down expected supply by location, completion year and construction status. The URA only provides the number of unsold units in each of three broad districts: the core central region, city-fringe areas and suburban locations. CBRE has already flagged a possible glut in the prime districts and in the East Coast, which have turned into major building sites after developers snapped up land there in the last two years. The problem is that CBRE's supply figures do not gel with the URA's. But unless the Government releases more relevant information - and property developers cooperate to boost transparency - the question of supply overhang will continue to hang over the market for some time. 
- The Straits Times, P2</td></tr>
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30 units sold at Martin No. 38
All 30 private preview units at SC Global's Martin No. 38 have been sold at better-than-expected prices. The company had said it was expecting around $2,000psf for the project but sales came in at $1,881 psf to $2,494 psf, or an average of $2,130 psf. That would make the flats around $2 million to $3.8 million. The developer sold about a third of the total 91 units, with about 60% to overseas buyers. The developer says there is no need for an official launch as it has sold out its preview units and has yet to decide on the launch of the second phase. A market watcher said there has been little change in prices of some other developments in the area, with a few even falling. Deals in the Robertson Quay area have been done at $1,130 to $1,840 psf this year although some Rivergate units sold for over $2,000 psf last year. A market watcher noted that high pricing works in a bullish market but in the weak market prevailing now, sales are likely to slow after the first 20 or 30 per cent is sold. 
- The Straits Times, B19</td></tr>
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OG buys Orchard serviced apartments from Ascott
OG has bought a block of serviced residences (88 units) that form part of its Orchard Point store for $100 million in cash from The Ascott Group. Ascott will continue to manage the residences for 15 years, with an option to renew the contract for another 10 years. The deal yields Ascott a gross gain of $43 million and works out to a price of about $1,530psf for the property, which has about 74 years left on its lease. Generally, property experts viewed the purchase favourably for OG. Serviced apartments are zoned for residential use, not hotel use, which could make it easier to convert.
- The Straits Times, B19</td></tr>
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New UWC campus in Tampines hit by delay
Only part of the new UWC campus at Tampines is slated to open in 2010 as contractors would not be able to complete them on time as there are too many projects on hand. So the plan to take in 1,150 students from K1 through to Grade 11 on its 5.5ha Tampines Street 73 campus by August 2010 has been shelved. The campus will open in phases. Only the infant school for pupils from K1 to Grade 1, where the demand is greatest, will open in August 2010. Until then, the school's week-old interim campus in Ang Mo Kio will continue operating. Despite offering over 500 more places in both its campuses this year, UWC's waiting list has grown by 300 students since last year to 2,300. Recognising the increase in demand for places in international schools, the Government has stepped in to offer more land sites for up to four schools. 
- The Straits Times, A8</td></tr>
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Still hiring, but with far more caution
According to latest poll by US-nased Manpower (employment services firm), Singapore's job market in the final three months of the year is tipped to soften somewhat as the outlook for the economy grows dimmer. But compared with 32 other countries, Singapore - along with India and Taiwan - still offers job seekers the best employment prospects. India polled the highest net employment outlook for Q4: 43%. Singapore has the second highest (25%), followed by Taiwan (23 per cent). With the exception of the transportation & utilities sector, all other sectors in Singapore expect to increase headcount in Q4.
- The Business Times, P2</td></tr>
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Singapore office occupancy costs 7th highest worldwide : survey
Grade A office space in Singapore was the 7th most expensive in the world, according to study by Colliers International. The average annual Grade A office gross rent here was US$125.06 ( SGD$179.297). Cities that were dearer included Hong Kong (US$213.68), London's West End (US$207.42) and Moscow (US$167.29). Singapore was the third most expensive location in the Asia-Pacific region, after Hong Kong and Tokyo. In terms of vacancy rates, Singapore at 7.5% in June 2008 ranked 13th in the Asia-Pacific, below the likes of Perth (0.3 per cent), Seoul (0.7 per cent) and Brisbane (1.2 per cent). Office investment held up in the Asia-Pacific but was down in Europe and North America.
- The Business Times, P30
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Ramp-up warehouses offer more in rental returns
According to Colliers International, ramp-up warehouse facilities offer better investment returns as rents in Penjuru and Changi go for $1.30-$1.50 and $1.70-$1.80 psf per month respectively. Multi-storey warehouse facilities with cargo lifts (upper floors) in the same vicinity go for $1.00-$1.20 and $1.40-$1.60 respectively. Direct vehicular access to every floor in a ramp-up warehouse development effectively makes every floor comparable to a ground floor level unit. In a conventional multi- storey warehouse, upper- floor units command lower rents than ground-floor units because users have to load and unload by cargo lift. The rent differential can range from $0.20 to $0.50 psf per month depending on location.
- The Business Times, B30</td></tr>
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 ST Index change 2,697.03 (+122.82) 
SIBOR (3 mths): 1.25000 (S$)
SWAP (3 mths): 1.27235 (S$)

【房屋】2008年9月新加坡房地产市场新闻摘要

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