Knight Frank Greater China’s Post

Unlocking Value: Strategic Solution for a Neighbourhood Shopping Centre. Balanz Banking Solutions is excited to share a recent success story involving a neighbourhood shopping centre investment in Greater Brisbane. Our existing client, seeking passive income, faced an important decision when considering a recent tenant change and the property required $80k in renovations. Our strategic approach began with recommending a new valuation. Anticipating a positive outcome, George Sha and Adam Clark worked closely with local valuation firms to align projections. As expected, the valuation yielded a $1million increase validating this strategy. Next, we utilized this valuation to negotiate favourable terms, including eliminating principal loan repayments and reducing the interest rate. The outcome? The $80k renovation costs were entirely covered by removal of amortisation and interest savings realized over the next 12 months. As a result, no additional borrowings were necessary. This spared the client the stress of changing banks, resulting in their utmost satisfaction with the outcome. At Balanz we take pride in assisting clients in securing not just deals but opportunities that shape their financial future. Here's to building wealth, one strategic move at a time! #BalanzSuccess #RealEstateInvesting #FinancialStrategy #ClientSatisfaction

𝐍𝐞𝐰 𝐇𝐨𝐦𝐞 𝐒𝐚𝐥𝐞𝐬 𝐇𝐢𝐭 𝐑𝐞𝐜𝐨𝐫𝐝 𝐋𝐨𝐰 𝐢𝐧 𝐇𝟏 𝟐𝟎𝟐𝟒 New home sales in Singapore have reached a historic low, with only 1,916 units sold in the first half of 2024, a significant 43.4% drop from the same period last year. This decline is largely due to high price points and increased buyer selectivity. The lack of major new launches also influences the market slowdown. How will current trends shape the future of Singapore’s property market? Tricia Song shares on The Business Times: https://cbre.co/3WlB4GH #CBREInsights

Unlocking Value: Strategic Solution for a Neighbourhood Shopping Centre Balanz Banking Solutions is excited to share a recent success story involving a neighbourhood shopping centre investment in Greater Brisbane. Our existing client, seeking passive income, faced an important decision when considering a recent tenant change and the property required $80k in renovations. Our strategic approach began with recommending a new valuation. Anticipating a positive outcome, George Sha and Adam Clark worked closely with local valuation firms to align projections. As expected, the valuation yielded a $1million increase validating this strategy. Next, we utilized this valuation to negotiate favourable terms, including eliminating principal loan repayments and reducing the interest rate. The outcome? The $80k renovation costs were entirely covered by removal of amortisation and interest savings realized over the next 12 months. As a result, no additional borrowings were necessary. This spared the client the stress of changing banks, resulting in their utmost satisfaction with the outcome. At Balanz we take pride in assisting clients in securing not just deals but opportunities that shape their financial future. Here's to building wealth, one strategic move at a time! #BalanzSuccess #RealEstateInvesting #FinancialStrategy #ClientSatisfaction

𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟰 - 𝗔𝘀𝗶𝗮𝗻𝗣𝗿𝗶𝗺𝗲 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 𝙁𝙚𝙖𝙩𝙪𝙧𝙚𝙙 𝙏𝙤𝙥𝙞𝙘𝙨 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙈𝙤𝙣𝙩𝙝: - 𝙋𝙧𝙞𝙫𝙖𝙩𝙚 𝙃𝙤𝙢𝙚𝙨: Private home prices in Singapore increased by 2.8% in Q4 2023, marking a 6.8% annual hike, but at a slower pace than previous years, due to factors like higher interest rates, cooling measures, and reduced demand. Rents, on the other hand, declined by 2.1% in Q4. - 𝙍𝙚𝙣𝙩 𝙏𝙧𝙚𝙣𝙙𝙨: The market showed signs of balancing out, with a higher number of completed private units in 2023, leading to a drop in vacancy rates. The primary market saw fewer new home launches, resulting in a 43.9% decrease in sales volumes in Q4 compared to the previous quarter. - 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙪𝙩𝙡𝙤𝙤𝙠: In the upcoming year, 11,793 private homes will be completed, possibly stabilising prices. Million-dollar HDB resales reached a historic high, while the shophouse market faced a Q4 slowdown. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 the newsletter here: https://bit.ly/3OtYPrU #AsianPrimeProperties #AsianPrimeCapital #AsianPrimeAssets #FinestPropertyExperience

𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝗛𝗼𝗺𝗲 𝗦𝗮𝗹𝗲𝘀 𝗥𝗲𝗯𝗼𝘂𝗻𝗱 Following a quiet August, private new home sales in Singapore surged in September, rising 90% month-on-month and 84.8% year-on-year to 401 units. This boost was driven by the successful launch of 8@BT, which sold 83 of its 158 units at a median price of $2,727 psf. Q3 2024 saw a total of 1,188 new homes sold, a 63.9% increase from Q2 2024 but a 39% decline from Q3 2023. Year-to-date, 3,077 units have been sold, 42.3% lower than the same period in 2023. Despite a challenging market, the outlook for Q4 2024 is optimistic with more attractive launches and a positive economic forecast. Tricia Song For more insights: https://cbre.co/4dNFlYT #CBREInsights #RealEstate #SingaporeProperty

Recently, we've seen an increase in market activity for luxury properties. For properties of HK$78 mil+, there's a 60% MoM increase in no. of transactions in Oct; total consideration in Oct soared 171% MoM. //Sentiment in Hong Kong’s residential property market has become sunnier since the US Federal Reserve kicked off a cycle of interest-rate reductions in September. Last week, following another Fed cut, the Hong Kong Monetary Authority reduced its base rate by a quarter point to 5 percent. Subsequently, six major Hong Kong lenders reduced their prime lending rates for the second time this year, which trimmed borrowing costs to their lowest level in two years. In addition, the Hong Kong government recently raised the borrowing limit and debt-servicing ratio for both residential and non-residential properties. It also removed all buying curbs in February. All these factors plus an upbeat stock market have helped to lift sentiment in the property market and spur luxury residential sales, said Lucia Leung, Director of Research and Consultancy at Knight Frank Greater China. “Alongside end users, there is growing interest from investors looking to capitalise on the luxury market for distressed sales opportunities,” she said. She added that prices of luxury residential homes have not seen a major drop, but distressed properties may see large price reductions of as much as 50 percent. // #luxuryresidentialmarket #hkpropertymarket #scmp

【Centaline Express – March sees a 1.9-fold surge in pre-sale applications, hitting a two-year record】 Benefiting from the complete withdrawal of stringent market-cooling measures, the new property market atmosphere has turned buoyant, prompting developers to accelerate the application process for pre-sale consents. The Lands Department announced yesterday that it received 5 new applications for pre-sale consents in March, involving a total of 4,904 units, with nearly 60% accounted for by the "Hong Kongers First Home Buying Scheme" residential project on Anderson Road, Kwun Tong by Cheung Kong Property Holdings. The number of newly applied pre-sale units increased by approximately 1.9 times month-on-month, reaching a new high over the past two years. This surge has pushed the cumulative number of pending pre-sale units in Hong Kong back over the 14,000 mark, hitting nearly a 5-month peak. In March, the Lands Department received 5 new applications for pre-sale consents, totaling 4,904 units, which is an increase of 3,194 units or about 1.9 times compared to the 1,710 units in February, marking a new high since January 2022 when 7,094 units were recorded. Centaline's Commentary： In March, the market recorded 4,176 first-hand transactions, a new high in over 20 years. It is believed that developers will continue to seize the momentum of the buoyant property market, actively promoting new projects. Looking ahead to April, the number of first-hand transactions is expected to remain at a high level of around 3,500, which would be a peak since 2006. #PropertyMarket #LicensedAgents #MarketRecovery #IncreaseInTransactions #Revival #RealEstateMarketData #SalesRegistrations #MarketTrends #MarketOptimism #MarketOutlook #PreSaleProperties For more details, please visit: hk.centanet.com

Singapore Business Review: Savills Research reported that new private residential sales had dropped by 9.6%, the lowest record in 16 years since 2008. A major factor contributing to the drop were delays in obtaining the relevant sales permits which impacted new launches. Whilst the number of new private residential launched units had declined in 2023 to 7,551 units, it was still 66.8% higher than the 4,528 units in 2022.   Alan Cheong, Executive Director, Research & Consultancy, Savills Singapore said, “For 2024, we believe that new sale prices would still be expected to rise but resale prices might prove less resilient. Although inflation had come off its peak, the overall growth of the economy, in nominal GDP, would still be significant. Given the positive historical correlation between the URA Property Price Indices and Nominal GDP, it might cause the URA index to rise marginally for the full year. However, at this point, we forecast overall prices to remain flat for 2024.”   Read the full insights here http://sav.li/7rh   #Savillssg #savillsresearch #residentialsales #privateresidential

Despite the ongoing economic downturn and weak performance in key economic indicators such as the retail volume index and consumer confidence, Estonia’s real estate market continued its upward trend in October. Over 1950 apartment ownership transactions were completed last month, marking the best result of the year and the strongest performance since June 2023. Full overview in English: https://lnkd.in/dgypiDUi Full overview in Estonian: https://lnkd.in/dWHeaYKg #LuxumRealEstate #UusMaa #RealEstate #MarketAnalysis #MarketTrends #PremiumRealEstate #MarketUpdate #Estonia