Property Market Sentiments

[brattzz]

salesman only want commission.... stuck buyers want to offload...

[FA+TA]

DollarsAndSense--Budget 2016: Why The Non-Removal Of Property Cooling Measures Was The Right Decision

[CityFarmer]

ABSD is the driver behind the scene...

Shops and shophouses overtake homes in auctions in Q1: Knight Frank
20 Apr 2016 11:13
By Lynette Khoo

SHOPS and shophouses overtook residential properties in total sales value in auctions in the first quarter of this year, a report by Knight Frank released on Wednesday shows.

Some S$5.5 million worth of shops and shophouses were sold in auctions in Q1, more than double the residential sector's S$2.5 million.
...
Source: Business Times Breaking News

[brattzz]

hording shops/shophouses? :O

doesn't sound like a good idea leh!

[CityFarmer]

I was in Plaza Singapore recently, and saw lots of vacancies around...

Mall vacancies in town at highest in five years
25 Apr 2016 14:19
By Wong Siew Ying

Vacancies at retail malls in the central region hit a five-year high in the first quarter of the year, driven largely by more vacant space in the Orchard sub-market.

The rate went up from 8 per cent to 8.7 per cent, analysis from Colliers showed, the highest since the Urban Redevelopment Authority (URA) started tracking retail space data including food and beverage, fitness and entertainment businesses from the first quarter of 2011.

In the Orchard planning area, the vacancy rates rose 1.2 percentage points to 8.8 per cent in the first quarter, URA figures showed.
...
Source: Straits Times

[BlueKelah]

I was in Plaza Singapore recently, and saw lots of vacancies around...

Mall vacancies in town at highest in five years
25 Apr 2016 14:19
By Wong Siew Ying

Vacancies at retail malls in the central region hit a five-year high in the first quarter of the year, driven largely by more vacant space in the Orchard sub-market.

The rate went up from 8 per cent to 8.7 per cent, analysis from Colliers showed, the highest since the Urban Redevelopment Authority (URA) started tracking retail space data including food and beverage, fitness and entertainment businesses from the first quarter of 2011.

In the Orchard planning area, the vacancy rates rose 1.2 percentage points to 8.8 per cent in the first quarter, URA figures showed.
...
Source: Straits Times

It's probably the retail property CYCLE going into a downcycle....

Overcapacity of malls everywhere. Everyone wanna get in on the REIT action.

And of course with the double whammy of "hang zheng pai" as businesses close down during recession time..

Time to make a list of REITs to buy

About time for the REITs to feel some pain and I'm not just talking retail. Industrial REITs will be hit as well.

[corydorus]

Industrial REITs are already hit. Maybe only few will not be much impacted. Retail Malls in down town area like Plaza Singapura have been down for some periods already. Is already well known I thought.The rural area malls are holding up well due to they cater for large based residence needs. They support the more basic necessities.

[ValueMushroom]

Wow waiting for reits to come down to grab and grab😉😉

[swakoo]

In spite of the over supply of most property types and poor economy, the overall S-reit index has been on a tear year-to-date (chart below).
Probably due to the very loose interest rate environment.....
Eg. CMT which owns Plaza Sgp and reported only 1+% overall rental reversion last quarter is still holding up quite well.
Note though that the poorer quality ones have already succumbed..... so be careful what to grab!
  
[Image: sreit%20chart_zpsel7jfx9n.gif]

[ValueMushroom]

Yup I will be careful. Will only be grabbing the Capitaland and Mapletree series...👍👍