Properties News’ Post

As you all know, the new #Plus #flats will be available in the upcoming October 2024 #HDB #BTO exercise. I did a deep analysis into the #investment value of Plus and #Prime flats as well as showing the #CapitalAppreciation of such flats. Should you apply for the new Plus flats? What is the government's direction and intention in introducing such type of flats? Read the article: https://lnkd.in/gSqeFPvQ

At BST Developers, we believe in empowering our clients with knowledge, and understanding the important aspects of real estate is key to making informed decisions. One such term that is crucial to the real estate industry is RERA – the Real Estate Regulatory Authority 🏡✨ RERA was introduced to bring transparency, accountability, and efficiency to the real estate sector. It ensures that homebuyers and investors are protected by enforcing strict regulations on developers and real estate agents. With RERA in place, buyers can trust that projects are delivered on time, with the necessary approvals, and that their rights are safeguarded. The act mandates the registration of real estate projects and agents, helping buyers to verify the authenticity of properties and ensuring that developers follow the prescribed timelines. RERA also focuses on reducing delays, ensuring quality, and offering a grievance redressal mechanism for consumers. At BST Developers, we are committed to providing our clients with RERA-compliant projects, ensuring your investment is safe, secure, and transparent. Our dedication to quality and trust is at the core of everything we do, and we promise to continue building dream homes with full accountability and integrity. . . . #RERA #RealEstateTransparency #BSTDevelopersGurgaon #RERACompliant #HomeBuyers #RealEstateInvesting #BuildingTrust #RealEstateKnowledge #RealEstateRegulations #CustomerSatisfaction #SafeInvestment #RealEstateRevolution #BuildingWithIntegrity (RERA, Real Estate Transparency, BST Developers Gurgaon, RERA Compliant, Home Buyers, Real Estate Investing, Building Trust, Real Estate Knowledge, Real Estate Regulations, Customer Satisfaction, Safe Investment, Real Estate Revolution, Building With Integrity)

During 2021 -2023 we were cautious on construction finance due to building challenges and had lower levels of new commitment than in the preceding five years. However, we still had a material level of loans to new projects and witnessed the pain of developers, as many projects were late by 6-12 months due to delayed building times. This month we have several borrowers with projects that have just reached practical completion, including 51 Albert Street in Auckland (hotel/residential) and 32 York Street in Sydney (office). Additionally, several other projects are nearing completion at the month’s end, including Melbourne Place Hotel and River Street in South Yarra (office). With $650 million of developments coming to completion and repayments expected via refinance and sale over the coming 6 months, we have been actively engaged in due diligence on new developments with a major focus on infrastructure and residential sectors. In the residential space, we are in advanced due diligence on our first loan in the emerging Build-to-Rent (BTR) sector after monitoring broader market acceptance of the product by institutional buyers and tenants. Click the link below to read our market review in full. #merrickscapital #buildtorent #fundmanager #fundsmanagement #privatecredit

𝐂𝐡𝐢𝐧𝐚 𝐠𝐚𝐦𝐛𝐥𝐞𝐬 𝐨𝐧𝐞 𝐦𝐨𝐫𝐞 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐬𝐚𝐯𝐞 𝐢𝐭𝐬 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 China's housing rescue plan is being viewed as a risky move, deemed as too little and too late by critics. Given that a significant portion of China's local economy, ranging from 22% to 30%, is indirectly reliant on the real estate sector, the current initiatives may not suffice to address the challenges at hand. The central bank of China has initiated a 300 billion yuan ($41 billion) relending facility, with the potential to unlock 500 billion yuan of commercial bank financing for State-Owned Enterprise (SOE) acquisitions, equivalent to 0.4% of the country's GDP. Additionally, local governments have been granted the authority to repurchase unused land from developers, aiming to bolster their liquidity. In response to the housing crisis, there have been multiple adjustments to mortgage rates and downpayment requirements since 2022, alongside a series of relaxations on property purchase restrictions. Furthermore, authorities have disclosed that 935 billion yuan in commercial bank credit has been earmarked for the completion of developer projects. The central bank has also introduced a 100 billion yuan financing program for eight pilot cities to acquire unsold properties for subsidized rental housing, and a 500 billion yuan supplementary lending scheme for other real estate ventures in the nation. Despite these efforts, Moody's has labeled the new funding as "a drop in the ocean," estimating that it can only support purchases equivalent to 4% of the total value of the existing housing stock. As of April, China reportedly had 391 million square meters (4.2 billion square feet) of completed and unsold homes, equivalent to 6.6 Manhattans. When factoring in apartments under construction, ANZ forecasts that the total inventory of unsold homes will reach 2.9 billion square meters by the end of 2024, nearly double the area of London. Surplus supply has also led to a mismatch in the second-hand property market, with the number of listings exceeding transactions by a significant margin, as evidenced by a survey conducted by the Zhuge Real Estate Data Research Centre across 14 cities.

Knight Frank's latest Build-to-Rent Market Update predicts a record-breaking year, with total investments surpassing £2.6 billion in the first half of 2024, including £1.3 billion invested in Q2 alone. With a 38% year-on-year increase, the sector - valued at £79 billion in 2024 – is set for significant growth by 2029 and shows no signs of slowing down. Alongside this, over 11,000 homes were completed in the last quarter, accounting for 9% of all new housing deliveries in the UK. According to Knight Frank, the total sector size now stands at 260,844 homes, combining 114,207 completed homes with 62,030 under construction and 84,607 approved for planning permission. Goodstone is a key player in the BTR sector, delivering nearly 1,000 next-generation rental homes across our two sites in Birmingham’s creative district of Digbeth and Leith, Edinburgh. With Goodstone Living Partners 1 closing in 2023 with £550 million in investment capacity, we will continue to drive further value in the sector. To read more you can find the report here: https://lnkd.in/eKCtPwQC

Increase in semi-commercial property applications 💪 Great to read in Property Reporter that Shawbrook Bank have seen an increase in applications for semi-commercial property 🙌 In the bridging and development finance space Roma Finance see a lot of properties that are commercial with unused uppers, where developers and investors want to convert them to residential under PDR or planning. An alternative strategy is to use bridging to purchase a vacant or part vacant property, and asset manage it through new lettings, lease renewals, rent reviews/increases. The resultant income producing, higher yielding property will have an uplift in market value which can then be remortgaged onto a long term mortgage 🤔 Good to see that there is an exit for the resultant semi-commercial properties 👏 #propertydevelopers #propertyinvestors #bridgingfinance #developmentfinance #commercialproperty #semicommercialproperty #PDR #planning #propertyconversions #propertyassetmanangent #lovetolend

As the wider real estate market cools, manufactured housing communities (MHCs) remain a hot asset. Demand for this type of commercial real estate (CRE) is on the rise, as are rents. The MHC market has become more institutional over the previous cycle, providing potentially lucrative opportunities for savvy investors. #manufacturedhousing #communities Chris Nicely Bob Bender Doug Tollin Mark Yost Chris Osaka Rory Rubin, Modular BUILDING Solutions Tifanee McCall PHC ACM Paul Barretto PMP John Ace Underwood Scott Stroud https://lnkd.in/gFQ-FY3h

In June, the Australian housing market showed some interesting trends, particularly in lending. First-home buyer activity saw a modest rise, with lending increasing by 1.5% to $5.3 billion, accounting for 29.2% of new owner-occupier finance. This uptick indicates that despite challenges, first-home buyers are still finding opportunities in the market. Overall housing lending also grew by 1.3%, reaching $29.2 billion. A notable driver of this growth was a 2.7% rise in investor lending, suggesting that investors remain motivated by the prospect of capital gains rather than relying solely on high rental returns. This highlights a continued confidence in property as a long-term investment. However, despite these increases in lending, the rental market continues to face challenges. Even with a deceleration in rental growth and an easing in net overseas migration, significant relief for renters appears unlikely in the near term. The dynamics of supply and demand in the rental market still lean towards tight conditions. These trends underscore the complexities of the current housing market, where growth in lending contrasts with ongoing pressures in the rental sector. For those navigating the property landscape, staying informed and adaptable remains crucial.

The traditional heartlands of the Prime Central London (PCL) property market have always attracted investors and - owing to their allure as investment and residential properties - will continue to do so. However, as our CEO, Alpa Bhakta, explains in her latest article for Mortgage Solutions, non-traditional PCL areas like Shoreditch and Camden have experienced increasing levels of demand in recent years. But what factors are driving this demand? And what implications do they hold for brokers and lenders? Click the link below to read Alpa’s thoughts on the matter. 👇 https://lnkd.in/gcfn9Yac

Alternative asset manager TPG Inc. is in talks to buy the manufactured housing business of Canadian Apartment Properties REIT, in a deal said to be worth over $700 million. There has been an increased interest from US and other Global investment firms investing in Canada's real estate sector, highlighting the attractiveness of the opportunity here. Figures to remember regarding Canada's housing shortage: - Canada has welcomed 1.3 million immigrants from 2016 through 2021 and Federal targets have risen to 1.5 million more immigrants from 2022 through 2025. - According to CMHC, the gap between housing supply and demand is expected to reach 3.5 million housing units by 2030, representing nearly 20% of total supply. When central banks eventually begin to cut interest rates, cheaper lending will make it easier for developers to finance new projects as well as increase the value of existing assets. There are several factors making investing in Canadian real estate a compelling investment, reach out today to hear more about the opportunity. 📩 [email protected] 📞 647-241-8794 #StarlightGlobalRealEstateFund #RealEstate #MutualFunds #ETFs #StarlightCapital #RealAssets #AssetManagement