cks newsletter - july 2013

7/28/2019 CKS Newsletter - July 2013

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CKS PROPERTY CONSULTANTS SINGAPORE REAL EST

NEWSLET

JULY 2

Highlights | On The News | Featured Properties | Events Cal

HIGHLIGHTS

ON THE NEWS

ingapore property market will 'stay healthy'Straits Times, 9 July 2013

here will probably be a correction in property market prices but a crash is unlikely, said OCBC Bank's cxecutive officer, Mr Samuel Tsien. Part of the reason for its resilience is because the Singapore maolds a certain appeal to investors, he said. Still, rising interest rates and cooling measures will have an

act, Mr Tsien told The Straits Times at the sidelines of a major China forum at the Shangri-La Hotel yes

ay.

Ascendas looking to partner Singapore firmsStraits Times, 9 July 2013

or local developer Ascendas, it is always on the lookout to partner Singaporean companies as it expandlobal presence. When the local developer started building its first International Tech Park project in Ban

ore in 1994, it decided that securing reliable data connection would be crucial for its clients to operate tusinesses.

Date: 27 28 July 2013 | Time: 11:am5:00pm |

Venue

: Orchard Room, Swissotel The Stamford, Singapore

UK Property Investment Seminar How, When and Where to Invest in 2013


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oan curbs target rising rates, but other dangers lurkStraits Times, 2 July 2013Another carefully targeted missile to expunge certain buyers from the property market was launched last

ay. The Monetary Authority of Singapore (MAS) trained its latest measure on one specific class of real ate investors: those spending too much of their monthly pay packet paying off their debts.

Q2 property prices up on suburban condo salesStraits Times, 2 July 2013Red-Hot demand for suburban homes helped drive up overall property prices in the second quarter. Valcross the market were up 0.8 per cent in the three months to June 30, following a 0.6 per cent rise in revious quarter. The unexpectedly strong increase may have been behind Friday's measures to rei

mortgage lending.

rivate home prices sneak up

Business Times, 2 July 2013he Urban Redevelopment Authority's second quarter flash estimates showed that its benchmark priv

ome price index rose 0.8 per cent from Q1, supported by a 3 per cent escalation in prices of non -lanomes in suburban areas. This compares with respective increases of 0.6 per cent and 1.4 per cent in Q1

mpact of home loans on banks likely limitedStraits Times, 2 July 2013

ank analysts yesterday said banks here are likely to be somewhat cushioned against the impact of thest move by the Monetary Authority of Singapore (MAS) to tighten home loans. The MAS on Friday sa

will impose a standardised total debt servicing ratio (TDSR) framework for banks to assess home buybility to borrow.

Fresh curb on property loansStraits Times, 29th June 2013Tougher rules have been imposed on mortgages to stop home buyers getting in too deep and to plug loooles that let people dodge tougher loan limits on second and subsequent properties. The new curbs aot seen by the Government as another step to cool soaring prices, but property experts commented th

will still have some effect by reining in borrowing. The rules, which take effect on 29th June 2013, demahat lenders consider a borrower's total debt obligations, including other mortgages and loans for cars, bore granting a new home loan. MAS said the rules also apply to borrowers looking to refinance, and sahe 60 per cent limit will be reviewed over time. Borrowers on a mortgage will also now have to be names the owners of the property. This and other changes to the loan -to-valuation rules are to prevent borro

rs from getting round tougher limits for second and subsequent housing loans.

Gateway preview: all 738 units soldStraits Times, 29th June 2013All of the 738 units at 99-year leasehold J Gateway were snapped up at the development's preview on 28une, as buyers sought apartments at the first condominium to be launched near Jurong East MRT statin 10 years. The robust sales came right before the Monetary Authority of Singapore's announcement yeerday evening that tightened rules for property loans.

ON THE NEWS (CONT)

KS Property Consultants | On The News JULY


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FEATURED PROPERTIES SINGAPORE/ JAPAN

KS Property Consultants | Featured Properties JULY

t Patricks Residences Address 50-60 St Patricks Road, Singapore (District

Tenure Freehold

Developer TG (St Patricks) Pte Ltd

Completion 2013

DescriptionSited on area of approx. 83,733sqft, it compof 102 residential units.

MRT Station Kembangan (1.48KM)

Unit Availa-ble

2-

Bedroom:1,152

-1,528

sqft

3- Bedroom: 1,206-2,174 sqft4- Bedroom: 1,518-3,111 sqftPenthouse: 2,465-3,423 sqft

rillia Ariake City Tower, Tokyo Japan Address 1-5 Ariake, Koto-ku, Tokyo (Tokyo Bay Area

Tenure Freehold

Developer

Tokyo Tatemono and Sumitomo Realty & Dopment

Completion February 2015

DescriptionSteel- reinforced concrete 33 storey's blockwith a basement

Nearest Met-

ro

(Walking)

Odaiba Kaihinkoen Sta. (12 min)Ariake Tennis Nomori Sta. (13 min)Kokusaitenjijoseimon Sta. (13 min)

Places of

Interests

(by metro)

Tokyo Station (12 mins)Ginza Itchome Sta. (10 min)Shimbashi Sta. (13min)

Unit Availa-

ble

1-Bedrooms from 29,900,000



Expected

Gross Yield5-6%


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EVENTS CALENDAR

KS Property Consultants | Events Calendar JULY


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KS Property Consultants | Featured Properties JULY

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 for 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 advspecific to your situation before entering into any investment decision in connection with the Content.

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cks newsletter - july 2013

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