Property Market Review January
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Singapore Urban Redevelopment Authority (URA) released the fourth quarter of property sales data, revealing prices of non-landed private residential properties declined by 0.4 percent in Core Central Region (CCR), compared with the 1.2 percent decline in the previous quarter. Prices in Rest of Central Region (RCR) and Outside Central Region (OCR) remained unchanged, compared with the 1.6 percent decline in each segment in the previous quarter. For the whole of 2015, prices in CCR, RCR and OCR have fallen by 2.6 percent, 3.9 percent and 3.7 percent respectively. Prices of landed properties fell 2.1 percent, compared to the 0.4 percent decline in the previous quarter. For the whole of 2015, prices of landed properties fell by 4.4 percent. (January 4th)
Hong Kong government Land Registry released December residential units sales figure.
SPH #REIT (SingaporePressHolding RealEstateInvestmentTrust) reported net property income for its first quarter financial year up 5.9 percent year on year. Income available for distribution up 3.8% at SGD35.3m(USD25.2m) for the first quarter financial year. Distribution per unit (DPU) remained year on year at SGD 1.33 cents.
Five Star Hotel operator Mandarin Oriental International said it is buying the freehold interest in Mandarin Oriental Boston and its hotel business for USD 140 million. The deal is expected to be completed in the first quarter this year.
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