CKS PROPERTY CONSULTANTS SINGAPORE REAL ESTATE NEWSLETTER JANUARY 2014

Highlights | On The News | Featured Properties | Events Calendar

TOKYO PROJECT HIGHLIGHTS

Premist Shibuya Miyamasuzaka

Located in Shibuya, completing in Sep 2014.It is built amongst the an evolving developing area with an upcoming construction of the 230 meter skyscraper expected to be completed in 2027. It is only 3 minutes from Shibuya station famous for the "scramble" crossing. It is also a short walk to the new mixed developmentHikarie, consisting of a massive shopping mall and office spaces Location: Shibuya-Ku, Tokyo

Unit Types:
Price From:

Studio, 1LDK
S$590,000*

Est. Gross Yield: 4-5%

ON THE NEWS
Realtor breaks new ground with investment fund The Straits Times, 14 Jan 2014 LOCAL property agency PropNex Realty best known for selling propertyis breaking new ground by tying up with a fund management firm to invest in real estate. The fund, the first of its type set up by a property agency, aims to buy property in Singapore, other parts of Asia, Australia and Britain. The fund caters to clients who are keen on real estate but hesitant to invest given the tough cooling measures that have hit the market, and the prospect of muted growth in the next few years.

GCB in East Sussex Lane sold for $22.5m Business Times, 14 Jan 2014 Market watchers are hopeful that activity in the Good Class Bungalow Areas will pick up from the second quarter following a slow 2013, which saw the number of transactions halve to 27 deals worth $650 million from 54 deals totaling $1.17 billion in 2012. The first quarter is expected to be quiet as potential buyers continue to monitor the market, although, what is believed to be the first deal to be inked. An option is said to have been granted earlier this month for the purchase of a property in East Sussex Lane off Holland Road. The price is believed to be $22.5 millionwhich works out to be $1,490 per square foot based on the freehold land area of 15,102sqft.

CKS Property Consultants | On The News

JANUARY 2014

ON THE NEWS (CONT)

Private resale home prices slip further Business Times, 14 Jan 2014 Prices of private resale homes declined in December for a fourth straight month. According to SRX, prices of homes in CCR fell 2.3 per cent, followed by those in the OCR, which dipped 1 per cent. Only homes in RCR bucked the trend, rising 2.9 per cent. Overall, the price index eased 0.2 per cent in December. Steven Tan, MD of OrangeTee commented that property sentiment is expected to remain muted in the near future as resale prices continue to be under pressure as developers cut prices for new launches to move units. Demand will also wane as buyers favour new launches over resale units because of lower upfront cash requirements. In this softening rental market, some investors would prefer to buy new launches to avoid vacancy costs. Call to relax some rules as property market wanes Business Times, 13 Jan 2014 One market watcher found it necessary for the Government to relex some of its property -cooling measures given the waning demand for real estate and the likelihood that interest rates will rise in 2014 and 2015. He said the Government should consider repealing the seller's stamp duty for residential properties introduced in January 2011, as sellers may flood the market after the SSD expires in four years time, given rising interest rates. Private property likely to be hit by soft HDB market TODAY, 10 Jan 2014 Property market analyst said that the weakening HDB resale market is expected to weigh on the private property market, as upgraders will have less money at their disposal when looking for a new home. The ABSD also hinders upgraders looking to purchase a private property, which may drive more prospective buyers to the EC market. Wheelock's condo project in Ang Mo Kio stirs interest Straits Times, 04 Jan 2014 The 698-unit The Panorama at Ang Mo Kio Avenue 2 is a 99-year leasehold project being developed by Wheelock Properties. The project is near prominent schools such as CHIJ St Nicholas Girls' School, which could provide a pool of potential tenants. The Straits Times understands that the units will sell at the levels of the J Gateway project in Jurong East or higher. This could translate to prices of between $1,400 and $1,600 psf. Healthy interest in 'retirement resort' likely Straits Times, 30 Dec 2013 Singapores first retirement housing project, The Hillford is expected to attract healthy interest despite the sombre mood evident among buyers in recent months. While The Hillford is marketed as a "retirement resort", there is no age limit placed on potential buyers, and it would not be surprising for younger buyers to be attracted to it, consultants said. The Hillford, a 60-year leasehold development in Jalan Jurong Kechil, will have 281 units, a 24-hour concierge service and 18 commercial units such as food outlets, a convenience store, clinics and medical facilities. From back of the woods to a buzzing town Straits Times, 27 Dec 2013 To many, Woodlands has always been remote, rural and far away from the rest of the population. But things have changed over the last three decades and Woodlands is now a more developed and populated estate. Today, there are more than 200,000 Housing Board residents in Woodlands and another 200,000 in the neighbouring Yishun and Sembawang towns. Several amenities like schools, parks and shops have sprung up over the last few years. Even bigger plans are in store for the town, as the Government plans for it to become a major employment hub in the north of the country. Woodlands will house one of four regional centres that serve as business hubs outside the city centre.

CKS Property Consultants | On The News

JANUARY 2014

ON THE NEWS (CONT)

Building firms take HDB flat taper in stride Straits Times, 23 Dec 2013 The upcoming slowdown in Housing Board flat supply is no surprise to construction firms, who say they can cope with the fall in business as long as it is gradual. Their optimism is buttressed by two reasons: awareness that the bumper supply of Build-To-Order (BTO) launches is temporary and strong construction demand in other areas. Malls popping up all over the suburbs Straits Times, 21 Dec 2013 Malls have been springing up all over the suburbs but shoppers continue to be hungry for more. Experts say the Government's decentralisation plans and demand from a growing population are underpinning this surge. Developers have also been encouraged by the success of suburban malls and are keen to open more. The two most recent additions were Bedok Mall and Westgate which opened this month. Almost 1.2 million sq feet of retail space was added to the suburbs this year. A further 956,000 sq ft of retail space is expected to be added to the suburbs by 2017. Govt land sales tapering 'helps buyers and sellers' Straits Times, 20 Dec 2013 Buyers and sellers could both emerge as winners from the Government's move to scale back land releases for public and private housing, say analysts yesterday. They believe the easy-does-it shift on residential land signals that prices will ease moderately rather than plunge, which will come as a relief to many in the market. Home owners worried about a dive in property values due to a glut will feel relieved as will buyers, who should get a reprieve from increasingly high home prices. The Government made its first move earlier this month, opting to reduce the supply of Build-To-Order (BTO) flats and available private residential land under first half 2014 GLS programme.

CKS Property Consultants | Featured Properties

JANUARY 2014

FEATURED PROPERTIES SINGAPORE/ JAPAN

Twin Peaks Address Tenure Developer Completion Description MRT Station 33 Leonie Hill Road (District 9) 99-year Cove Development Pte Ltd 2014 (Expected) Located in prime district 9, site area Approx. 130,981 sqft, comprises 462 residential units Somerset Station (0.53 KM) Orchard Station (0.54 KM)

1-bedroom: Unit Available 2-bedroom:

549-571 sqft 1,055-1,055 sqft

3-bedroom:

1,399-1,895 sqft

Premist Shibuya Miyamasuzaka

Address Tenure Developer Completion Description Nearest Train Station

1-8-1 Shibuya, Shibuya-ku, Tokyo,150-0002 Japan Freehold Daiwa House Industry Co., Ltd. Sep 2014 Reinforced concrete 13-storey building Shibuya Station (4 MINS WALK) Omotesando Station (10 MINS WALK)

Total Units
Unit Available Price Range Estimated Gross Yield

51
Studio, 1LDK JPY47,200,000 JPY84,800,000 (SGD590,000- SGD1,060,000) 4-5 %

CKS Property Consultants | Featured Properties

JANUARY 2014

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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.

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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.