cks monthly newsletter - dec 2013

8/13/2019 CKS Monthly Newsletter - Dec 2013

1/5

CKS PROPERTY CONSULTANTS SINGAPORE REAL EST

NEWSLET

DECEMBER 2

Highlights | On The News | Featured Properties | Events Cal

he inspiration behind MBFCe Straits Times, 14 Dec 2013

HE recently released Urban Redevelopment Authority (URA) Draft Master Plan 2013 highlights Marina the new financial and residential district in the urban city centre. Provision of public open space and inction of the mixed use model were implemented in Mapletree's revised plans, the main difference was quirement for a higher density area and for the site to be fully integrated with all of the city's other systed infrastructure. With the new guidelines they received, "We chose to subtly rotate the towers to maxim

ews in all the buildings and relieve the feeling of density on the site," Mr Whitlock said.

ental market slows with surge in new homesraits Times, 14 Dec 2013surge in supply left 17,458 vacant units for rent at the end of the third quarter. The flood of new flats on tarket is forcing landlords to lower rents across Singapore. The tighter market, which promises to get worsthe next couple of years as new units continue to be released, also means landlords have to wait longer d a tenant.

ON THE NEWS

TOKYO PROJECT HIGHLIGHTS

Lions Oji Stationrise, TokyoLocated just 3 minutes on foot from Oji station with direct train cess to Akihabara Station (11 mins), Tokyo Station (14mins) Shinagawa (23 mins). The project is within a family friendly awith elementary and junior high schools within walking distanFurthermore, various amenities such as shopping street, eateand parks are just at your doorstep.

Location: Oji, Kita-ku

Unit Types: 1LDK, 2LDK, 3LDK

Price From: S$380,000*

Est. Gross Yield: 4-5%


2/5

arge EC units may be a tough sell following MSR rulinghannel News Asia, 14 Nov 2013roperty agents expect larger executive condominium (EC) units to be a tough sell following the implemenon of the 30 per cent Mortgage Servicing Ratio (MSR) on December 10. Some analysts estimate that aousehold with a combined income of S$12,000 can probably afford an EC unit costing around S$1 million

ssuming they take an 80 per cent loan over 30 years.

ovt watching home prices, will step in if needed: MAShannel News Asia, 4 Dec 2013AS said that While property measures implemented over the last few years have dampened the rising mentum in the housing market, price levels remain high and the Government will step in, if necessary, to e

ure stability and sustainability. Sales volume and price growth in the housing market have moderated, butevelopers continue to put in firm bids for land, which limits the downside of home prices. This warrants conued caution and vigilance.

rivate property rental yields likely to fall: Analysts

ODAY, 2 Dec 2013ental yields of private residences could take a further hit in the coming months as more foreigners opt to

DB flats and the number of condominium units on the market exceeds demand. Yields are already showigns of softening. According to Singapore Real Estate Exchange, the average gross rental yield for the firs0 months of this year was around 3.8 per cent, lower than the 4.1 per cent in the same period last year.

esale prices fall as buyers favour new homestraits Times, 29 Nov 2013rices of private resale homes weakened last month as buyers opted for new homes after developers becut prices at recent launches. The strongest slide in resale prices was in the central region. Overall res

ices for non-landed private homes fell 1.2 per cent in October from September, according to Singapore Rential Price Index flash figures released yesterday. Consultants said buyers likely held off on resale

hases last month because new launches seemed more attractively priced, particularly on the city fringe.

okyo property boom lifts bond sales by Reitsusiness Times, 28 Nov 2013he strongest bond sales in three years by real estate investment trusts are showing confidence in the pty revival sparked by Prime Minister Shinzo Abe. Reit sales jumped 33 per cent this year to 95.8 billion $1.2 billion), outpacing the 5.9 per cent increase in Japanese corporate issuance and the 2.2 per cent clr that in the US, according to data compiled by Bloomberg. Tokyo beat Paris to become the world's tost-active real estate market this year, as office vacancy rates fell to a 2009 low and housing starts exte

d the longest growth streak in more than 19 years ahead of a planned consumption tax increase.

ower property tax for 95% of owner-occupied homes in 2014hannel News Asia, 26 Nov 2013014 will usher in lower property tax for 95 per cent of the 975,200 owner-occupied homes in Singapore. land Revenue Authority of Singapore (IRAS) announced that the reduction is a result of the progresoperty tax rates announced in Budget 2013. Lower taxes will be collected for 80 per cent of all residenoperties in Singapore if homes that are not occupied by their owners are taken into account.

ON THE NEWS (CONT)

KS Property Consultants | On The News DECEMBER


3/5

ulk of new homes 'in Paya Lebar, waterfront city'traits Times, 23 Nov 2013he new homes coming up in Holland Village, Kampong Bugis and Marina South under the Draft Master P013 make up only a tiny portion of the 500,000 new homes that could be rolled out after 2016. The bulat total could come from the redevelopment of various tracts of land freed up by re-zoning or land

hanges, consultants said. Minister for National Development Khaw Boon Wan said in February that the Gnment has reserved sufficient land to develop another half a million homes. Consultants yesterday saidulk of these could come from redeveloping Paya Lebar and the Greater Southern Waterfront. Accordinge recently unveiled master plan said a combined 14,500 units could be built in Holland Village, Kampugis and Marina South. Another 95,000 new homes in total were announced in four estates earlier this ye

ugis shines as Duo Residences sales soarraits Times, 23 Nov 2013ellar sales last week at Duo Residences, near Kampong Glam, drew attention to the cultural precinct

as now become an eclectic neighbourhood. A total of 574 units at the 660-unit residential development een sold as of Nov 17. It is part of the Duo project by M+S, a joint venture between Temasek Holdings

hazanah Nasional. Set to be the largest mixed-use project in the Bugis

-City Hall area, Duo is expectedd to the area's bustle once it is completed in 2017. Close to the Central Business District (CBD) and

hard Road shopping belt, projects in the area can command premium prices.

oodlands, Holland Village top pickstrait Times, 23 Nov 2013vestors hoping to take advantage of the master plan out this week should look at Woodlands and Hollllage but hold out on Kampong Bugis, Marina South, Serangoon Gardens and Jalan Kayu, said consulta

hey added yesterday that while plans for Tanjong Pagar and the Greater Southern Waterfront were excitey would materialise only far into the future. Woodlands emerged as analysts' top pick, mostly due to its

oming development as a regional centre. It will house the first business park cluster in the north, under

aft master plan released by the Urban Redevelopment Authority (URA) on Wednesday.

ew frontier for green townshipsusiness Times, 20 Nov 2013he blueprint governing Singapore's development over the medium term identifies Holland Village, Kampugis and Marina South as districts that will provide 14,500 new homes set amid thoughtfully designed, eendly spaces. People will go to work, not just in the Central Business District, but also in new commereas such as the Woodlands Regional Centre, where 100,000 jobs will eventually be created. These pl

ave been laid out in the Draft Master Plan 2013 of the Urban Redevelopment Authority (URA), which focun building townships for all ages that are green, healthy, connected and strong in community interaction pirit.

ON THE NEWS (CONT)

KS Property Consultants | On The News DECEMBER


4/5

FEATURED PROPERTIESSINGAPORE/ JAPAN

KS Property Consultants | Featured Properties DECEMBER

ons Oji Stationrise, Tokyo Address 1-chome, Oji, Kita-ku, Tokyo

Tenure Freehold

Developer

Daikyo Development

Completion 26 Dec 2014

Description 14 storey reinforced concrete building

Nearest TrainStation

Oji Station (3 MINS WALK)Ojikamiya (4 MINS WALK)

Total Units 64

Unit Available 1LDK, 2LDK, 3LDK

Price RangeJPY30,000,000-JPY60,800,000(SGD380,000-SGD760,000)

arina Bay Suites Address 3 Central Boulevard (Marina Bay Area)Tenure 99-year

Developer

Cheung Kong, Hongkong Land & Keppel L

Completion 2014 (expected)

DescriptionLocated in district 1, site area is approx.57,047sqft, comprises 221 residential units

MRT StationDowntown (0.17KM)Raffles Place (0.41KM)

Unit Available

3-bedroom: 1,572

-1,604 sqft

4-bedroom: 2,045-2,695 sqft

Penthouse: 4,682-8,181 sqft


5/5

KS Property Consultants | Featured Properties DECEMBER

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 fo r 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 advispecific to your situation before entering into any investment decision in connection with the Content.

Vist us & Like us@ facebook.com/CKSInternationalLaunchers

@ www.cks.com.sg
https://www.facebook.com/CKSInternationalLauncheshttps://www.facebook.com/CKSInternationalLauncheshttp://www.cks.com.sg/http://www.cks.com.sg/https://www.facebook.com/CKSInternationalLauncheshttp://www.cks.com.sg/https://www.facebook.com/CKSInternationalLaunches

cks monthly newsletter - dec 2013

Documents