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KannaSze ( Date: 13-Apr-2010 13:57) Posted:
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Retail real estate sluggish: DTZ
SINGAPORE
Average prime rental rates along Orchard Road and Scotts Road remained unchanged in the third quarter, the firm said.
For the third straight quarter, gross rents of prime first-storey space in the area stayed at $39.70 per square foot per month.
Rents in other areas in the city continued to decline. Prime first storey rents in these areas fell by 0.8 per cent to $24.10 per square foot per month.
Monthly gross rents of prime first-storey retail space in the suburban malls, meanwhile, were unchanged at $33.60 per square foot per month.
DTZ said the new supply of retail space last year led to a competitive environment, which did not support any increase in rentals.
Some 1.3 million sq ft of new retail space became available last year.
Other than the newly-completed and pipeline supply that have put a lid on rentals, the two new integrated resorts also had an impact, DTZ said.
The integrated resorts siphoned off some demand for shopping as more people spend time and money at the casinos instead of at the malls, it noted.
But with a robust economic recovery taking place, DTZ said retail rents should increase gradually next year as the new supply is eventually absorbed.
philgoh ( Date: 14-Apr-2010 11:31) Posted:
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TP = $2.51
by DBS VS
http://www.remisiers.org/research//cma150410%20buy%20DBSV.pdf
master_changkw ( Date: 14-Apr-2010 16:00) Posted:
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yah, saw the report this morning. quite solid data.
Today is XD day for this baby. Tomorrow should fly.
CapitaMalls Asia records 1Q 2010 PATMI of S$96.8 million
EBIT of S$110.9 million 174% higher than 1Q 2009
http://capitamallsasia.listedcompany.com/newsroom/20100414_070752_JS8_F6C63CAED7CFEBE74825770400475DF1.1.pdf
KannaSze ( Date: 13-Apr-2010 13:57) Posted:
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China property is the biggest Ponzi Scheme on earth. It is Dubai x 1000 according to a respective fund manager who called the Enron bluff.
Buyers beware.!
Back from AGM, think that it is a company with great potential in china mall development but need time,3 to 5 yr, to bear fruit. Good for mid to long term investors
think have to clear several hurdles like 2.41, 2.48, 2.55, 2.63, 2.71
looks like well supported at 2.28 currently.
tOday is due to STI Fear Epidemic Infecting ALL stocks.
IR Effects are nOt that FAST because MBS is STiLL nOt OPEN.
However, Capital Mall Asia has gOOd prOspects iN CHiNA when iT rEcOvErs fUlly.
As it grOws, iTs CHiNA prOpOrtiOn WiLL becOme BiGGER than iTs SingapOre invOlvement.
iT dEpEnds On yOur BET.
ArE yOu bEtting On CHiNA Or On SingapOre?
gOOd OutcOme WiLL alsO dEpEnd rEcOvEry iN fUll SWiNG
Hulumas ( Date: 24-Mar-2010 17:58) Posted:
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pharoah88 ( Date: 22-Mar-2010 12:08) Posted:
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Very disappointed.
