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Property Stocks Lead Singapore Market in 2017

Singapore property stocks are set for their best annual performance in five years, and strategists believe the rally is far from over.

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With China’s residential market going into a centrally-ordered deep freeze, there are signs that Singapore may be an unexpected beneficiary, as news headlines this week carry stories of rebound in developer stocks and growing demand for housing sites.

Also in the news, a mainland developer wins with a suburban Sydney project, and there’s much more if you just keep reading.

Property Stocks Lead Singapore Market in 2017

Singapore property stocks are set for their best annual performance in five years, and strategists believe the rally is far from over.

With an expected pickup in real estate following the easing of housing curbs, developers are expected to be the bright spot in Singapore equities as gains in the city-state’s stocks may be limited for the rest of the year.

Singapore property stocks are set for their best annual performance in five years

Property stocks including City Developments Ltd. and UOL Group Ltd. are already driving gains in Singapore stocks so far this year, with developers and property trusts making up more than half of the 10 best-performing stocks on the Straits Times Index.

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HKMA Norman Chan

The HKMA’s Norman Chan says Hong Kong’s banks are just fine

Hong Kong’s Banks Said Well-Equipped for a Property Downturn

Hong Kong’s banks are better prepared than 20 years ago for a crash in the property market – even amid the world’s costliest apartments – because they are better capitalised and less exposed to real estate loans after the regulator forced them through eight rounds of mortgage tightening measures, the Hong Kong Monetary Authority’s chief executive said.

“[While] nobody can predict when the next crisis will arrive, Hong Kong’s financial sector is now well prepared for that,” Chan said in an interview with the South China Morning Post.

“In 1997, many homebuyers only needed to pay 10 per cent of the value of the property,” Chan said. “When the property price dropped 10 per cent, these homeowners fell into negative equity.”

The city’s mortgages now make up 51 per cent of property values on average, reduced from 64 per cent in 2009 after eight rounds of tightening. Two decades ago, mortgages were 70 per cent of property values while the developer would lend 20 per cent.

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Drivers of Asia Pacific office space demand in 2019 remain strong

More employers plan to increase rather than decrease staffing levels in most Asia Pacific countries, with employers in Japan reporting the strongest hiring intentions.

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Office occupational demand was robust across Asia Pacific in 2018, with overall leasing activity up an impressive 20% for the whole year.

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Banking

First-home stimulus measure may have limited impact on Thailand’s housing market

The first-home buyers who make less than 25,000 baht per month however will not benefit from this scheme.

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The Thai government has released a housing stimulus measure which grants personal income tax allowance for buyers of first homes worth up to 5 million baht during April 30-December 31, 2019.

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Real Estate

Almost 500,000 units for sale in Bangkok (Government Housing Bank)

In Bangkok and its vicinity 1,597 projects, almost 500,000 units, were for sale during the second half of 2018, an increase of 7.7 percent from the same period in 2017.

National News Bureau of Thailand

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For housing in Bangkok and its vicinity, those who want to buy a house should be able to smile this year due to many house and condominium promotions.

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