CKS PROPERTY CONSULTANTS SINGAPORE REAL ESTATE NEWSLETTER JULY 2013

Highlights | On The News | Featured Properties | Events Calendar

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

Date: 27 28 July 2013 | Time: 11:am5:00pm | Venue: Orchar d Room, Swissotel The Stamfor d, Singapore

ON THE NEWS
Singapore property market will 'stay healthy' Straits Times, 9 July 2013 There will probably be a correction in property market prices but a crash is unlikely, said OCBC Bank's chief executive officer, Mr Samuel Tsien. Part of the reason for its resilience is because the Singapore market holds a certain appeal to investors, he said. Still, rising interest rates and cooling measures will have an impact, Mr Tsien told The Straits Times at the sidelines of a major China forum at the Shangri -La Hotel yesterday. Ascendas looking to partner Singapore firms Straits Times, 9 July 2013 For local developer Ascendas, it is always on the lookout to partner Singaporean companies as it expands its global presence. When the local developer started building its first International Tech Park project in Bangalore in 1994, it decided that securing reliable data connection would be crucial for its clients to operate their businesses.

CKS Property Consultants | On The News

JULY 2013

ON THE NEWS (CONT)

Loan curbs target rising rates, but other dangers lurk Straits Times, 2 July 2013 Another carefully targeted missile to expunge certain buyers from the property market was launched last Friday. The Monetary Authority of Singapore (MAS) trained its latest measure on one specific class of real estate investors: those spending too much of their monthly pay packet paying off their debts. Q2 property prices up on suburban condo sales Straits Times, 2 July 2013 Red-Hot demand for suburban homes helped drive up overall property prices in the second quarter. Values across the market were up 0.8 per cent in the three months to June 30, following a 0.6 per cent rise in the previous quarter. The unexpectedly strong increase may have been behind Friday's measures to rein in mortgage lending. Private home prices sneak up Business Times, 2 July 2013 The Urban Redevelopment Authority's second quarter flash estimates showed that its benchmark private home price index rose 0.8 per cent from Q1, supported by a 3 per cent escalation in prices of non -landed homes in suburban areas. This compares with respective increases of 0.6 per cent and 1.4 per cent in Q1. Impact of home loans on banks likely limited Straits Times, 2 July 2013 Bank analysts yesterday said banks here are likely to be somewhat cushioned against the impact of the latest move by the Monetary Authority of Singapore (MAS) to tighten home loans. The MAS on Friday said it will impose a standardised total debt servicing ratio (TDSR) framework for banks to assess home buyers' ability to borrow. Fresh curb on property loans Straits Times, 29th June 2013 Tougher rules have been imposed on mortgages to stop home buyers getting in too deep and to plug loopholes that let people dodge tougher loan limits on second and subsequent properties. The new curbs are not seen by the Government as another step to cool soaring prices, but property experts commented they will still have some effect by reining in borrowing. The rules, which take effect on 29th June 2013, demand that lenders consider a borrower's total debt obligations, including other mortgages and loans for cars, before granting a new home loan. MAS said the rules also apply to borrowers looking to refinance, and said the 60 per cent limit will be reviewed over time. Borrowers on a mortgage will also now have to be named as the owners of the property. This and other changes to the loan -to-valuation rules are to prevent borrowers from getting round tougher limits for second and subsequent housing loans. J Gateway preview: all 738 units sold Straits Times, 29th June 2013 All of the 738 units at 99-year leasehold J Gateway were snapped up at the development's preview on 28th June, as buyers sought apartments at the first condominium to be launched near Jurong East MRT station in 10 years. The robust sales came right before the Monetary Authority of Singapore's announcement yesterday evening that tightened rules for property loans.

CKS Property Consultants | On The News

JULY 2013

ON THE NEWS (CONT)

Over 1,000 apply for Ecopolitan's 512 units Business Times, 9 July 2013 Ecopolitan has been subscribed by two times, making it the executive condominium (EC) to receive the highest number of applications this year. The 512-unit EC by Qingjian Realty (South Pacific) attracted more than 1,000 applications over the last 10 days, supported by its prime location and a feature called CoSpace. CoSpace, which allows homebuyers to combine the utility and study room to suit their lifestyle needs, is offered in 208 units of the EC. New condo Three 11 sells half its units in 2 hours Straits Times, 24th June 2013 It took just two hours for buyers to snap up half of the units for sale in the development located at Upper Thomson Road. 33 units out of 65 for sale were sold within two hours to eager buyers at its preview launch. The 65-unit freehold development has an average price of $1,615 per sq ft, with units ranging from $844,000 for a 460 sq ft one-bedder to $2.3 million for a 1,500 sq ft penthouse. Buyers were mostly Singaporeans, making up about 80 per cent of the crowd, while the rest were permanent residents and foreigners.

Housing 'more affordable' now Straits Times, 20th June 2013 Many may find this hard to believe but property prices in Singapore are more affordable today than 10 years ago, when measured against income growth, said an economist from DBS. While property prices in the city state are up 55 per cent since March 2009 - when the global crisis ended - income has grown much faster, said DBS managing director and economic and currency research head David Carbon.
Rising interest in city-fringe homes bumps up May sales Business Times, 18th June 2013 Bolstered by keen interest in city-fringe homes, new private home sales climbed 5.4 per cent in May to 1,455 units, reversing the previous month's 50 per cent drop. Posting the largest increase in take -up for the month was the Rest of Central Region (RCR), which contributed 41.4 per cent of sales. This is the highest monthly contribution by RCR since August 2010. New home sales stabilise; more land on the way Straits Times, 18th June 2013 Sales of new homes in Singapore are showing signs of stabilising, with transaction volumes holding steady last month and more land being released to meet residential demand this month. Developers sold 1,455 units last month, 5.4 per cent more than in April, the Urban Redevelopment Authority (URA) said yesterday. This breaks a 12-month streak of double-digit swings in new home sales. It comes despite new launches jumping 31 per cent last month, data showed.

CKS Property Consultants | Featured Properties

JULY 2013

FEATURED PROPERTIES SINGAPORE/ JAPAN

St Patricks Residences Address Tenure Developer 50-60 St Patricks Road, Singapore (District 15) Freehold TG (St Patricks) Pte Ltd

Completion
Description

2013
Sited on area of approx. 83,733sqft, it comprises of 102 residential units.

MRT Station Kembangan (1.48KM) 2- Bedroom: 3- Bedroom: 4- Bedroom: Penthouse: 1,152-1,528 1,206-2,174 1,518-3,111 2,465-3,423 sqft sqft sqft sqft

Unit Available

Brillia Ariake City Tower, Tokyo Japan

Address Tenure Developer Completion Description

1-5 Ariake, Koto-ku, Tokyo (Tokyo Bay Area) Freehold Tokyo Tatemono and Sumitomo Realty & Development February 2015 Steel- reinforced concrete 33 storey's block with a basement

Nearest Met- Odaiba Kaihinkoen Sta. (12 min) ro Ariake Tennis Nomori Sta. (13 min) Kokusaitenjijoseimon Sta. (13 min) (Walking)

Places of
Interests (by metro) Unit Available Expected Gross Yield

Tokyo Station (12 mins) Ginza Itchome Sta. (10 min) Shimbashi Sta. (13min)
1-Bedrooms from 29,900,000 2-Bedrooms from 34,900,000 3-Bedrooms from 45,100,000 5-6%

CKS Property Consultants | Events Calendar

JULY 2013

EVENTS CALENDAR

CKS Property Consultants | Featured Properties

JULY 2013

For more information, kindly visit our facebook page (CKS International Launches) or contact: Singapore Office Foo Meng Wee (CEA Reg. No: R002852I) +65 6531 1769 or email - mengwee@cks.com.sg Lee Tang Keat (CEA Reg. No: R048660H) +65 6531 1662 or email - tangkeat@phillip.com.sg Simone Wong (CEA Reg. No: R048862D) +65 6531 1770 or email - simonewong@phillip.com.sg
CKS Property Consultants is a pioneer in Singapore s real estate landscape. Throughout the course of our history, we have witnessed the growth and transformation of Singapore s economy and its impact on the real estate industry. Founded in the 1920s as Cheong Koon Seng Auctioneers & Valuers, the company was renamed CKS Property Consultants in 1999 to reflect the diversification from its core businesses of valuation and auctioneering. While we continue to build on our traditional strengths in valuation and auctioneering, we are now a full-fledged property consultancy providing professional services in the residential, commercial, industrial and retail sectors. CKS is today part of the PhillipCapital Group, an integrated financial services group with a global presence. With offices located in the financial hubs of 16 countries, including Singapore, Malaysia, Cambodia, Indonesia, Thailand, Hong Kong, China, Japan, India, Sri Lanka, Dubai, United Kingdom, France, Turkey, Australia and USA, the Groups total shareholders funds exceed USD 1 billion. Our affiliation allows us to leverage PhillipCapitals considerable business network and to partner our sister companies in regional initiatives.

Vist us & Like us

@ facebook.com/CKSInternationalLaunchers

@ www.cks.com.sg

DISCLAIMER: This document is prepared by CKS Property Consultants for marketing information only. While reasonable care has been exercised in preparing its contents, CKS Property Consultants makes no representation as to its accuracy or completeness, 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 advice specific to your situation before entering into any investment decision in connection with the Content.