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发表于 7-8-2008 12:55:00|来自:新加坡
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<p>2008年8月7日新闻摘要</p>
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<p><b><u><font face="Arial" color="#ff6600" size="3">DBS launches special interest-only mortgage </font></u></b></p>
<p><font face="Arial" color="black" size="2">DBS Bank has launched a new mortgage product allowing customers to take advantage of cheap borrowing costs. The bank is offering customers the option of paying only the interest for the entire duration of their home loan. They pay the principal amount in a lump sum only at the end of the loan term. This means they have extra cash for investing - money that would otherwise have formed the principal component of the loan repayments. But for the general home owner, it makes more sense to pay down loans now because the three-month Sibor is at a four-year low of 1%, said mortgage consultancy bcgroup.com.sg. DBS' interest-only mortgage charges 1.5% on top of either the three-month Sibor (currently 1%) or 12-month Sibor. The cumulative interest payment on this mortgage will be much higher than the interest paid on a regular home loan because the principal sum is not reduced. DBS said that this mortgage has features to ensure customers are not overstretched. They can borrow only up to 70% of the property purchase price. This will be cut to 50% after 10 years - so the product is only for customers who can afford a large down payment. The product may attract 10-15% of customers looking to take up a new home loan or to refinance their loans. </font></p>
<p><i><font face="Arial" color="black" size="2">- The</font></i><i><font face="Arial" color="black" size="2"> Straits Times, H20</font></i><b><u><font face="Arial" color="#ff6600"></font></u></b></p></td></tr>
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<p><b><u><font face="Arial" color="#ff6600" size="3">Housing agent fees: How low can they go?</font></u></b><font face="Verdana" size="1"> </font></p>
<p><font face="Arial" color="black" size="2">Property experts expect agents to feel the pinch once fee guidelines are abolished next month, but the big question in the industry is just how low fees can go. Real estate insiders concede that fees will come under pressure with buyers and sellers free to haggle, but dismiss the notion that rates could plummet to zero. ERA does not see rates falling drastically as the current rate is one of the lowest in the region. Analysts believe consumers will take advantage of the new system and start haggling, but given the slow market, it is unclear who has the upper hand. Prices have eased in favour of buyers but many sellers are not budging, so with volumes down, agents may see an incentive to give discounts. </font></p>
<p><i><font face="Arial" color="black" size="2">- The</font></i><i><font face="Arial" color="black" size="2"> Straits Times, H4</font></i><b><u><font face="Arial" color="#ff6600"></font></u></b></p></td></tr>
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<p><b><u><font face="Arial" color="#ff6600" size="3">Rising building cost squeezes mass market projects more</font></u></b></p>
<p><font face="Arial" color="black" size="2">A 20% rise in construction costs will shrink developers' profit margin for a mass-market private condo by 55%; but for a project in the prime districts, the profit margin will contract by 25%, according to Jones Lang LaSalle (JLL). As construction costs are usually at a bigger proportion to suburban land costs compared with the high prime residential land prices, any increase in construction costs will present a greater change in the profit margins in a mass-market project than that in a prime residential project. A 20% base-case developers' profit margin was worked into the analysis. Rising construction costs, coupled with a ceiling selling price, will put downward pressure on land tender prices. The Building and Construction Authority's Building Tender Price Index rose 23.7% last year and market watchers expect it to continue increasing this year.</font></p>
<p><i><font face="Arial" color="black" size="2"> - The Business Times, P31</font></i><font face="Arial" color="black" size="2"></font></p></td></tr>
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<p><b><u><font face="Arial" color="#ff6600" size="3">Asian prime office prices may fall 10%</font></u></b></p>
<p><font face="Arial" color="black" size="2">Asian real estate prices may fall further and prime office values decline 10% before year's end, Singapore-based property investor Pacific Star Group, which manages US$3 billion of assets globally said. The bottom could come in late 2009 or early 2010. Faltering economic growth and the global credit contraction may ease demand for office and retail space in Asia. Rising inflation and falling equity markets may also dampen sales of homes in the region. The price declines will bring valuations to a more 'normal' level after markets rose rapidly the past year, said Pacific Star. Japan and South Korea's office markets are set to offer property investors returns of as much as 13% over the next 5-7 years, as they benefit from a supply shortage. Retail space in Beijing and Shanghai may also offer higher investment returns.</font><font face="Verdana" size="1"></font></p>
<p><i><font face="Arial" color="black" size="2">- The </font></i><i><font face="Arial" color="black" size="2">Business Times, P29</font></i><b><u><font face="Arial" color="#ff6600"></font></u></b></p></td></tr>
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<p><b><u><font face="Arial" color="#ff6600" size="3">Over 2,300 applications for AMK condo-style HDB flats</font></u></b></p>
<p><font face="Arial" color="black" size="2">Design, Build and Sell Scheme (DBSS) project Park Central @ AMK received over 2,300 applications - or four times the 578 units on offer - when submissions closed at midnight on Tuesday. But this does not mean that the project will be fully sold, analysts said. The average selling price for units in Park Central @ AMK is $490-$500 psf, said developer United Engineers (UE). Four-room flats will go for $433,000-$567,000, while five-room apartments will sell for $534,000-$689,000. Developers and analysts are more upbeat about the HDB and mass market private home segments. Developers who price homes below their competitors' seem to be clearing units. Local developer Roxy-Pacific Holdings said that it has launched six projects since February. To date, some 114 - out of a total 165 offered - have been sold. Apartments in the six projects were mostly sold for $800-$1,100 psf - though located in the more central areas. Roxy-Pacific hopes to push out another three developments by the end of this year.</font></p>
<p><i><font face="Arial" color="black" size="2">- The </font></i><i><font face="Arial" color="black" size="2">Business Times, P31</font></i><b><u><font face="Arial" color="#ff6600"></font></u></b></p></td></tr>
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<p><b><u><font face="Arial" color="#ff6600" size="3">UK</font></u></b><b><u><font face="Arial" color="#ff6600"> property brokers fear bank-style jobs cull</font></u></b></p>
<p><font face="Arial" color="black" size="2">Rumours abound that some of the biggest employers in real estate are bracing for a phase of redundancies which could cost up to 5,000 property professionals their jobs. According to Cushman & Wakefield, European property trading volumes have slumped 63% year-on-year to 25.6 billion euros (S$54.7 billion). Average UK commercial property values have decreased by almost a fifth since the collapse of Britain's commercial property market in June 2007. </font></p>
<p><i><font face="Arial" color="black" size="2">- The </font></i><i><font face="Arial" color="black" size="2">Business Times, P29</font></i><b><u><font face="Arial" color="#ff6600"></font></u></b></p></td></tr>
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<p><b><u><font face="Arial" color="#ff6600" size="3">Ascott Raffles Place</font></u></b><b><u><font face="Arial" color="#ff6600"> makes 50 units available first</font></u></b></p>
<p><font face="Arial" color="black" size="2">Ascott Raffles Place</font><font face="Arial" color="black" size="2"> had a soft opening yesterday, with its owner, the Ascott Group, making 50 units available. The remaining units of the 146-unit premium serviced residence project will be ready by its official launch set for October. It will be equipped with meeting rooms, WiFi connectivity, an infinity pool, jacuzzis, gymnasium, a fitness studio, a lounge bar and a fine-dining restaurant. The 52-year-old landmark was gazetted as a conservation building by the Urban Redevelopment Authority in April 2007 and was restored at a cost of $60 million.</font></p>
<p><i><font face="Arial" color="black" size="2">- The </font></i><i><font face="Arial" color="black" size="2">Business Times, P29</font></i><b><u><font face="Arial" color="#ff6600"></font></u></b></p></td></tr>
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<p><b><u><font face="Arial" color="#ff6600" size="3">Maison Royale put up for collective sale</font></u></b></p>
<p><font face="Arial" color="black" size="2">Maison Royale, a freehold residential site in Newton, has been put up for collective sale. Owners of the 20-unit project are asking at least $50 million. Including an estimated $300,000 development charge (DC) and taking into account a plot ratio of 2.8, the price works out to $1,273 psf ppr. Maison Royale is on 14,107 sq ft of land. It is located at the junction of Newton and Surrey roads, a three-minute walk from Novena MRT station. Some 40 units of about 1,000 sq ft each can be built on the site, PropNex said. If the site is sold for $1,265 psf ppr, the breakeven cost will be around $1,665 psf. The successful developer could launch the apartments in the new development at around $1,915 psf, said the firm.</font></p>
<p><i><font face="Arial" color="black" size="2"> - The </font></i><i><font face="Arial" color="black" size="2">Business Times, P30</font></i><b><u><font face="Arial" color="#ff6600"></font></u></b></p></td></tr>
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<p><b><u><font face="Arial" color="#ff6600" size="3">Occupancy level of JTC ready built facilities hits new high</font></u></b></p>
<p><font face="Arial" color="black" size="2">The net allocation for JTC ready-built facilities (RBF) in Q2 reached 84,100 sq m, 2.2 times higher than the 38,300 sq m in the previous quarter. This boosted the occupancy level by 1% to a record level of 94.9%. Of the total RBF net allocation, 50.8% was contributed by the business park segment. As a result of new supply coming on-stream at Fusionpolis, the occupancy level for business park space declined marginally by 0.4% from the last quarter to 94.3%. The demand for flatted factory space fell by 1% quarter-on-quarter to 1.22 million sq m in Q2 '08, with supply remaining unchanged at 1.399 million sq m.</font></p>
<p><i><font face="Arial" color="black" size="2">- The </font></i><i><font face="Arial" color="black" size="2">Business Times, P30</font></i><b><u><font face="Arial" color="#ff6600"></font></u></b></p></td></tr>
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<p><b><u><font face="Arial" color="#ff6600" size="3">Rupiah rises to 5-month high</font></u></b></p>
<p><font face="Arial" color="black" size="2">Indonesia</font><font face="Arial" color="black" size="2">'s rupiah rose to the highest level in more than five months on optimism inflation will slow as the central bank raises interest rates and crude oil prices fall. The currency climbed for a third day after Bank Indonesia raised its benchmark policy rate a quarter-percentage point to 9 per cent yesterday and signalled it will keep increasing borrowing costs to damp inflation. The currency has gained 1.7% since the central bank made the first of its four rate increases this year. Consumer prices rose 11.9% in July, the most in 22 months.</font></p>
<p><i><font face="Arial" color="black" size="2">- The </font></i><i><font face="Arial" color="black" size="2">Business Times, P12</font></i><b><u><font face="Arial" color="#ff6600"></font></u></b></p></td></tr>
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<p><b><u><font face="Arial" color="#ff6600" size="3">Chinese central bank loosens lending controls for SMEs</font></u></b><font color="black"></font></p>
<p><font face="Arial" color="black" size="2">China</font><font face="Arial" color="black" size="2">'s central bank has loosened controls on lending to small and medium-size companies hit hardest by credit limits and slowing exports. Smaller companies have long suffered from a lack of access to bank loans, and recent efforts to fight inflation by imposing stringent controls on lending have hit them hardest. The People's Bank of China advised local commercial banks that their annual quota for loans to smaller companies was raised by 10%, while the quotas for national commercial banks were increased by 5%.</font></p>
<p><i><font face="Arial" color="black" size="2">- The </font></i><i><font face="Arial" color="black" size="2">Business Times, P13</font></i><b><u><font face="Arial" color="#ff6600"></font></u></b></p></td></tr>
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<p><b><u><font face="Arial" color="#ff6600" size="3">Delhi</font></u></b><b><u><font face="Arial" color="#ff6600"> sees slower growth, cooling of inflation</font></u></b></p>
<p><font face="Arial" color="black" size="2">India</font><font face="Arial" color="black" size="2">'s economy is expected to grow 7.5 to 8.0% in the fiscal year ending March 2009, slower than the central bank's estimate, while inflation would cool by March-end, a top government adviser said. The Reserve Bank of India (RBI) in its monetary policy review last month cut the growth forecast to 8.0% from 8.0-8.5% previously. The RBI has raised its benchmark lending rate by 50 basis points to 9.0%, the third increase in two months, as it battles annual inflation close to 12%. It is also increasing the proportion of funds banks must keep on deposit with it by 25 basis points to 9.0% to absorb surplus cash in the banking system.</font></p>
<p><i><font face="Arial" color="black" size="2">- The </font></i><i><font face="Arial" color="black" size="2">Business Times, P14</font></i><b><u><font face="Arial" color="#ff6600"></font></u></b></p></td></tr></tbody></table></p>
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<p><font face="Symbol" color="red" size="2">­</font><font face="Arial" color="red" size="2"> </font><b><font face="Arial" color="black" size="2">ST Index</font></b><b><font face="Arial" color="black" size="2"> </font></b><b><font face="Arial" color="black" size="2">change </font></b><b><font face="Arial" color="red" size="2">2,886.78</font></b><b><font face="Arial" color="red" size="2"> (</font></b><b><font face="Arial" color="red" size="2">+26.27) </font></b></p>
<p><b><font face="Arial" color="black" size="2">SIBOR (3 mths): </font></b><b><font face="Arial" color="red" size="2">1.</font></b><b><font face="Arial" color="red" size="2">00000 </font></b><b><font face="Arial" color="red" size="2">(S$)</font></b><b><font face="Arial" color="red" size="2"></font></b></p>
<p><b><font face="Arial" color="black" size="2">SWAP (3 mths): </font></b><b><font face="Arial" color="red" size="2">1.</font></b><b><font face="Arial" color="red" size="2">03269 </font></b><b><font face="Arial" color="red" size="2">(S$)</font></b></p>
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