Expect muted issuing activity, slow uptake of MAS’s SGD Credit Rating Grant: OCBC

SINGAPORE (July 10): A further pickup in Singapore’s fundamentals and market activity remains tied to the upcoming actions of the US Federal Reserve in 2H17 and the resultant flow-on effect of SGD rates, says OCBC Bank.

In its Singapore Mid-Year 2017 Credit Outlook report issued on Saturday, OCBC’s Asia credit research team notes that the city state’s credit outlook for the second half the year is somewhat mixed as 1H17 was technical-driven, which means an unwinding could be on the cards.

'Recession-proof' student housing attracts Singapore investors

SINGAPORE (April 20): GIC and Mapletree Investments are going back to school.

Singapore’s sovereign wealth fund and the city-state-based real estate investor helped fuel a record US$16.2 billion of student-housing acquisitions last year, and a further US$3.3 billion of deals were struck in the first quarter of 2017, according to Real Capital Analytics Inc. Student accommodation offers better returns than offices and residential housing, making it an attractive asset for pension and sovereign wealth funds looking for stable income and higher yields in a low-return world.

Is the office property market poised for a turnaround?

SINGAPORE (Nov 10): The depressed office property market appears to be turning a corner after the Central Boulevard white site tender saw keen interest from property developers.

The site has a potential gross floor area of 1.52 million sq ft for commercial use, and the highest bid came from IOI Properties at $2.6 million, or $1,689 psf.

According to DBS Group Research analyst Mervin Song, the winning bid was higher than $1,409 psf paid by Macquarie for the Asia Square 1 site in 2007, and “signals confidence on outlook for the Singapore office market”.

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