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zhuge_liang Supreme	14-Sep-2007 12:51        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	The expected rate cut by the Fed should benefit property developers. BNP Paribas said in a note that the long-term growth prospects of Singapore's property market is still positive and is expected to be driven by mass and mid-tier residential properties. The bank picked developers CapitaLand , SC Global Dev and Sim Lian as favourites.
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Pension Elite	01-Sep-2007 00:55        Pension About Contact  Quote this Post!
x 0   x 0  Alert Admin	property sector counter had jump very high, development charges, new bill for en-bloc and indo sand will affect the property market, trade with care.
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zhuge_liang Supreme	01-Sep-2007 00:02        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore said it will raise property development charges from Saturday to reflect the rising value of homes and offices. Firms building offices and malls will see the development charge rise by an average of 42% om Jul, while those developing condominiums will pay a charge that is 58% igher, the Ministry of National Development said. The charge for houses will rise 11% ile the charge for hotels and hospitals will increase by 23%. The government imposes a development charge whenever it approves plans that result in an enhancement in the land value. The tax is aimed at creaming off about 70% the rise in the site's estimated value. Private home prices in Singapore rose 8.3% in Q2 qoq, according to government data, boosting earnings for developers like CapitaLand and CityDev .
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EastonBay Master	18-Jul-2007 23:15        EastonBay About Contact  Quote this Post!
x 0   x 0  Alert Admin	accordingly to evening news, this increase in development cost is aimed at cooling the en-bloc frenzy. Weeks after weeks we keep getting record breaking enbloc sales price. Those older condos along prime areas which earlier decided sit-out, hoping for another record breaking price for their condos are going to have their hearts broken instead, if this cooling measure proves to be effective.
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hannatcp Member	18-Jul-2007 21:56        hannatcp About Contact  Quote this Post!
x 0   x 0  Alert Admin	the development cost , when is it log? the moment they transact the land sales or when they start to develop? can someone enlighten?
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Leaner Member	18-Jul-2007 21:11        Leaner About Contact  Quote this Post!
x 1   x 0  Alert Admin	The increase in development charge is effective from 18/07/2007. Those earliest enbloc sales done and the developer had already paid for the development charge for higher plot ratio will not be affected. Moreover, depend on the scale of development and the selling price of the new properties under development. If it targets on the high end market, the increase is not going to cost a great damage to the bottomline. Moreover, the development charge can always pass on to the buyers.
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zhuge_liang Supreme	18-Jul-2007 20:06        zhuge_liang About Contact  Quote this Post!
x 1   x 0  Alert Admin	The government raised its land development charge rate to 70% from 50%. This will mainly affect property counters that acquire private properties such as en-bloc sales for redevelopment. "The higher development charge should mean lower profits of property firms," said Najeeb Jarhom, head of research at Fraser Securities. "And worries spread to the bank sector as the potential property market downturn is set to hurt bank lending." This will hurt the market sentiment including penny stocks.
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zhuge_liang Supreme	12-Jul-2007 01:46        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Property stocks such as CityDev, Wing Tai and Keppel Land fell after JP Morgan issued a bearish client note on Singapore's residential property sector and downgraded CityDev to "underweight" from "neutral". "The risks to our call stem from an unanticipated surge in demand that lifts average selling prices and margins beyond levels already factored into stock prices," JP Morgan analysts Christopher Gee and Joy Wang said in the note on Tuesday.
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Nostradamus Supreme	09-May-2007 00:11        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore's current property bull run has the power to extend until 2012 or beyond, fuelled in part by an influx of wealthy foreigners looking for high-end homes, Kwek Leng Beng said in remarks published Tuesday. Efforts by Singapore to spice up its global appeal, which is spearheaded by plans to build 2 multi-billion dollar gaming resorts, has seen increasing number of wealthy foreigners keen to own a property here, said Kwek Leng Beng.   "We are just beginning to see them in Singapore," Kwek, executive chairman of City Dev, was quoted as saying in the Business Times. Singapore's current property upswing is sustainable and may even extend until 2012 or beyond as it is in a better position to ride the boom after undergoing economic restructuring, said Kwek. "If you believe in the 7-year property cycle, we will have a boom until 2012," said Kwek. "Our economy, having been restructured, is strong and poised for growth even beyond that. "I wouldn't be surprised that we may be witnessing the biggest real estate boom in the history of Singapore."
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zhuge_liang Supreme	21-Mar-2007 21:29        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Property stocks rallied on Wednesday, with stocks like Keppel Land, Capitaland,  ng Land and Allgreen rising after a report showed that foreign investment in private homes in Singapore had hit a record high last year. The Business Times published a report issued by property consultant DTZ Debenham Tie Leung showing that foreigners in the city-state had bought a record 4,980 homes during 2006. "It seems like there's never-ending flow of good news for the property market," said one dealer from Kim Eng Securities, adding the report showed that the property boom was likely to continue.
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elfinchilde Elite	11-Feb-2007 13:47        elfinchilde About Contact  Quote this Post!
x 0   x 0  Alert Admin	hey....just an FA fyi post here...for those still invested in property/property shares, pls take note that the BBs have changed the rating already: for property sector in general: neutral to underweight. Residential valuations are overstretched already and limited upside. The one area expected to do well: office rentals. So look for counters with these exposure. for specific counters: downgrade to underweight: Allgreen, CDL, CapLand. Wheelock: neutral. A wild card being its upcoming property launch. Expected to hold steady/do well: Kepland (for its exposure to office rents accting for 59% of its portfolio; target px: 8.68), and Allco reits (target px: 1.38) If CDL launches its office reit, that's the one to look out for. Expected Mar/Apr.
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Livermore Master	10-Feb-2007 15:36        Livermore About Contact  Quote this Post!
x 0   x 0  Alert Admin	I might one day invest in a property in Vietnam:). But I might have to be a co-owner....
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EastonBay Master	10-Feb-2007 14:17        EastonBay About Contact  Quote this Post!
x 0   x 0  Alert Admin	About 10% of buyers of 1 Shenton Way did not exercise the option, ST reported. These buyers who did not exercise the option stand to lose up to $50K !!! This is the project that was sold in just 30 hours and many buyers had their property agent s to q for them and buy whatever units the agents can laid their hands on. After paying the initial 5%, they realised they could not afford the next 8% as the option exercise date draws near. And they could not find buyer to buy their options. Their hope of making quick and big buck soon turns into a loss of up to $50k. ha ha ha... serves these people right!!
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zhuge_liang Supreme	07-Feb-2007 13:23        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	A Merrill Lynch report said property demand would outstrip supply by almost 50%, reported the Business Times.
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Nostradamus Supreme	17-Jan-2007 12:29        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shares of luxury home developers rose on Wednesday on a media report that the high-end residential property market is expected to perform better this year. The Business Times cited a DTZ report which said freehold luxury apartments in prime districts this year could do even better than the 17.4% rise in their average capital value in 2006. City Development rose to a record high of $14.20. Keppel Land climbed to an all-time high of $7.60. CapitaLand continued with its recent rally, hitting a record high of $6.80.
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Nostradamus Supreme	16-Jan-2007 01:45        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wing Tai Holdings and Allgreen Properties rose on Monday, after a local daily quoted Citigroup saying that prices of lower-end property could rise by five to 10% in 2007. A Citigroup report said that the number of new private housing units to be introduced to the market this year would be insufficient to meet the  rising demand. Wing Tai and Allgreen hit their all time highs. UOL Group reached a one-year high. One dealer from a local brokerage said these property firms are now playing "catch-up" to developers of the high-end luxury housing like CapitaLand, which has recently saw a rally in its shares.
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zhuge_liang Supreme	15-Dec-2006 12:20        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Singapore government has withdrawn the concession to defer stamp duty against the backdrop of a pickup in the luxury property market, the Business Times said on Friday. The stamp duty, which requires property buyers to pay up to 3% for properties worth over $360,000, was suspended in 1997 following the Asian financial crisis, the paper said. This will cool the luxury segment.
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zhuge_liang Supreme	21-Nov-2006 20:55        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Property stocks such as Keppel Land and CityDev rose following a bullish report by Deutsche Bank, which raised investors' hopes that strong rental and capital value growth would continue into 2007. Deutsche Bank analyst Gregory Lui said the office market is expected to generate the strongest growth, amid robust demand for prime office space and a shortage of supply, while the upper-mid segment is likely to be the strongest in the housing market. "Efforts to remake Singapore will continue to set a positive tone for the sector and help catalyse international capital flows," Lui said in a client note. Lui has a "buy" recommendation on Keppel Land with price target of $7.40. A-REIT, Singapore's second-biggest property trust by market value, rose to $2.30 -- its highest level in more than six months. CityDev was up as high as $12.70. Property stocks have soared to a 9-year high, fuelled by the government's move last July to ease rules on property financing, acquisitions by foreign investors and the city-state's planned multi-billion casinos.
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taybc1071 Senior	14-Nov-2006 21:44        taybc1071 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi handicapper88, was told by friend who visited SI forum that JP Morgan is into this babe. Did you hear anything?
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handicapper88 Member	13-Nov-2006 12:08        handicapper88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i hope u dun mind me putting in my contribution here... latest project to be launched is Ventuno Balmoral, and more coming. i understand that CES at this price level has already factored in all that good news. you can still go in, but be prepared to pay up.
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