CKS PROPERTY CONSULTANTS – SINGAPORE REAL ESTATE NEWSLETTER DECEMBER 2013

Highlights | On The News | Featured Properties | Events Calendar

TOKYO PROJECT HIGHLIGHTS

Lions Oji Stationrise, Tokyo
Located just 3 minutes on foot from Oji station with direct train access to Akihabara Station (11 mins), Tokyo Station (14mins) and Shinagawa (23 mins). The project is within a family friendly area with elementary and junior high schools within walking distance. Furthermore, various amenities such as shopping street, eateries and parks are just at your doorstep. Location: Unit Types: Price From: Oji, Kita-ku 1LDK, 2LDK, 3LDK S$380,000*

Est. Gross Yield: 4-5%

ON THE NEWS
The inspiration behind MBFC The Straits Times, 14 Dec 2013 THE recently released Urban Redevelopment Authority (URA) Draft Master Plan 2013 highlights Marina Bay as the new financial and residential district in the urban city centre. Provision of public open space and introduction of the mixed use model were implemented in Mapletree's revised plans, the main difference was the requirement for a higher density area and for the site to be fully integrated with all of the city's other systems and infrastructure. With the new guidelines they received, "We chose to subtly rotate the towers to maximize views in all the buildings and relieve the feeling of density on the site," Mr Whitlock said. Rental market slows with surge in new homes Straits Times, 14 Dec 2013 A surge in supply left 17,458 vacant units for rent at the end of the third quarter. The flood of new flats on the market is forcing landlords to lower rents across Singapore. The tighter market, which promises to get worse in the next couple of years as new units continue to be released, also means landlords have to wait longer to find a tenant.

CKS Property Consultants | On The News

DECEMBER 2013

ON THE NEWS (CON’T)
Large EC units may be a tough sell following MSR ruling Channel News Asia, 14 Nov 2013 Property agents expect larger executive condominium (EC) units to be a tough sell following the implementation of the 30 per cent Mortgage Servicing Ratio (MSR) on December 10. Some analysts estimate that a household with a combined income of S$12,000 can probably afford an EC unit costing around S$1 million, assuming they take an 80 per cent loan over 30 years. Govt watching home prices, will step in if needed: MAS Channel News Asia, 4 Dec 2013 MAS said that While property measures implemented over the last few years have dampened the rising momentum in the housing market, price levels remain high and the Government will step in, if necessary, to ensure stability and sustainability. Sales volume and price growth in the housing market have moderated, but developers continue to put in firm bids for land, which limits the downside of home prices. This warrants continued caution and vigilance. Private property rental yields likely to fall: Analysts TODAY, 2 Dec 2013 Rental yields of private residences could take a further hit in the coming months as more foreigners opt to rent HDB flats and the number of condominium units on the market exceeds demand. Yields are already showing signs of softening. According to Singapore Real Estate Exchange, the average gross rental yield for the first 10 months of this year was around 3.8 per cent, lower than the 4.1 per cent in the same period last year. Resale prices fall as buyers favour new homes Straits Times, 29 Nov 2013 Prices of private resale homes weakened last month as buyers opted for new homes after developers began to cut prices at recent launches. The strongest slide in resale prices was in the central region. Overall resale prices for non-landed private homes fell 1.2 per cent in October from September, according to Singapore Residential Price Index flash figures released yesterday. Consultants said buyers likely held off on resale purchases last month because new launches seemed more attractively priced, particularly on the city fringe. Tokyo property boom lifts bond sales by Reits Business Times, 28 Nov 2013 The strongest bond sales in three years by real estate investment trusts are showing confidence in the property revival sparked by Prime Minister Shinzo Abe. Reit sales jumped 33 per cent this year to 95.8 billion yen (S$1.2 billion), outpacing the 5.9 per cent increase in Japanese corporate issuance and the 2.2 per cent climb for that in the US, according to data compiled by Bloomberg. Tokyo beat Paris to become the world's third most-active real estate market this year, as office vacancy rates fell to a 2009 low and housing starts extended the longest growth streak in more than 19 years ahead of a planned consumption tax increase. Lower property tax for 95% of owner-occupied homes in 2014 Channel News Asia, 26 Nov 2013 2014 will usher in lower property tax for 95 per cent of the 975,200 owner -occupied homes in Singapore. The Inland Revenue Authority of Singapore (IRAS) announced that the reduction is a result of the progressive property tax rates announced in Budget 2013. Lower taxes will be collected for 80 per cent of all residential properties in Singapore if homes that are not occupied by their owners are taken into account.

CKS Property Consultants | On The News

DECEMBER 2013

ON THE NEWS (CON’T)
Bulk of new homes 'in Paya Lebar, waterfront city' Straits Times, 23 Nov 2013 The new homes coming up in Holland Village, Kampong Bugis and Marina South under the Draft Master Plan 2013 make up only a tiny portion of the 500,000 new homes that could be rolled out after 2016. The bulk of that total could come from the redevelopment of various tracts of land freed up by re -zoning or land use changes, consultants said. Minister for National Development Khaw Boon Wan said in February that the Government has reserved sufficient land to develop another half a million homes. Consultants yesterday said the bulk of these could come from redeveloping Paya Lebar and the Greater Southern Waterfront. According to the recently unveiled master plan said a combined 14,500 units could be built in Holland Village, Kampong Bugis and Marina South. Another 95,000 new homes in total were announced in four estates earlier this year. Bugis shines as Duo Residences sales soar Straits Times, 23 Nov 2013 Stellar sales last week at Duo Residences, near Kampong Glam, drew attention to the cultural precinct that has now become an eclectic neighbourhood. A total of 574 units at the 660 -unit residential development had been sold as of Nov 17. It is part of the Duo project by M+S, a joint venture between Temasek Holdings and Khazanah Nasional. Set to be the largest mixed - use project in the Bugis-City Hall area, Duo is expected to add to the area's bustle once it is completed in 2017. Close to the Central Business District (CBD) and Orchard Road shopping belt, projects in the area can command premium prices. Woodlands, Holland Village top picks Strait Times, 23 Nov 2013 Investors hoping to take advantage of the master plan out this week should look at Woodlands and Holland Village but hold out on Kampong Bugis, Marina South, Serangoon Gardens and Jalan Kayu, said consultants. They added yesterday that while plans for Tanjong Pagar and the Greater Southern Waterfront were exciting, they would materialise only far into the future. Woodlands emerged as analysts' top pick, mostly due to its upcoming development as a regional centre. It will house the first business park cluster in the north, under the draft master plan released by the Urban Redevelopment Authority (URA) on Wednesday.

New frontier for green townships Business Times, 20 Nov 2013 The blueprint governing Singapore's development over the medium term identifies Holland Village, Kampong Bugis and Marina South as districts that will provide 14,500 new homes set amid thoughtfully designed, eco friendly spaces. People will go to work, not just in the Central Business District, but also in new commercial areas such as the Woodlands Regional Centre, where 100,000 jobs will eventually be created. These plans have been laid out in the Draft Master Plan 2013 of the Urban Redevelopment Authority (URA), which focuses on building townships for all ages that are green, healthy, connected and strong in community interaction and spirit.

CKS Property Consultants | Featured Properties

DECEMBER 2013

FEATURED PROPERTIES– SINGAPORE/ JAPAN
Marina Bay Suites

Address Tenure Developer Completion Description MRT Station

3 Central Boulevard (Marina Bay Area) 99-year Cheung Kong, Hongkong Land & Keppel Land 2014 (expected) Located in district 1, site area is approx. 57,047sqft, comprises 221 residential units Downtown (0.17KM) Raffles Place (0.41KM)

3-bedroom: Unit Available 4-bedroom:

1,572-1,604 sqft 2,045-2,695 sqft

Penthouse:

4,682-8,181 sqft

Lions Oji Stationrise, Tokyo

Address Tenure Developer Completion Description

1-chome, Oji, Kita-ku, Tokyo Freehold Daikyo Development 26 Dec 2014 14 storey reinforced concrete building

Nearest Train Station

Oji Station (3 MINS WALK) Ojikamiya (4 MINS WALK)

Total Units

64

Unit Available

1LDK, 2LDK, 3LDK

Price Range

JPY30,000,000- JPY60,800,000 (SGD380,000- SGD760,000)

CKS Property Consultants | Featured Properties

DECEMBER 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 Group’s total shareholders’ funds exceed USD 1 billion. Our affiliation allows us to leverage PhillipCapital’s considerable business network and to partner our sister companies in regional initiatives.

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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.