Singapore Real Estate Industry Update Quarter 2 2012

BMI Industry View 7
SWOT 8
Political 10
Economic 11
Business Environment 12
Industry Forecast 13
Office 13
Table: Office Forecast Rents (SGD per m2/month) 13
Table: Office Forecast Net Yield, 2010-2017 (%) 13
Retail 13
Table: Retail Forecast Rents (SGD per m2/month) 14
Table: Retail Forecast Net Yield, 2010-2017 (%) 14
Industrial 14
Table: Industrial Forecast Rents (SGD per m2/month) 14
Table: Industrial Forecast Net Yield, 2008-2017 (%) 14
Construction And Infrastructure Forecast Scenario 15
Table: Singapore Construction And Infrastructure Industry Data, 2011-2016 15
Table: Singapore Construction And Infrastructure Long-Term Forecasts, 2017 - 2022 16
2013 Outlook Moderated By Residential/Non-Residential 18
Opportunities Abound Despite Moderation 22
Macroeconomic Forecasts 25
Macroeconomic Forecast 25
Industry Risk Reward Ratings 30
Asia-Pacific Risk/Reward Ratings 30
Table: Asia Pacific Real Estate Risk/Reward Ratings 30
Business Environment Outlook 31
Business Environment Outlook 31
Table: BMI Business And Operation Risk Ratings 31
Institutions 32
Table: BMI Legal Framework Rating 34
Infrastructure 35
Table: Labour Force Quality 37
Market Orientation 38
Table: Asia, Annual FDI Inflows 40
Table: Trade And Investment Ratings 41
Operational Risk 42
Market Overview 44
Office 49
Table: Historic Rents - 2011-2012 (SGD per m2/month) 50
Table: Net Yield, 2011-2012 (%) 50
Table: Terms Of Rental Contract/Lease - H212 50
Retail 50
Table: Historic Rents - 2011-2012 (SGD per m2/month) 52
Table: Net Yield, 2011-2012 (%) 52
Table: Terms Of Rental Contract/Lease - H212 52
Retail Sales Indicators 52
Table: Singapore's Retail Sales Indicators, 2010-2017 52
Industrial 53
Table: Historic Rents - 2011-2012 (SGD per m2/month) 54
Table: Net Yield, 2011-2012 (%) 54
Competitive Landscape 55
Company Profile 57
CapitaLand 57
City Developments Limited (CDL) 59
Dragages Singapore 61
Keppel Land 64
Singapore Land (SingLand) 66
UOL Group 68
Demographic Forecast 70
Table: Singapore's Population By Age Group, 1990-2020 ('000) 71
Table: Singapore's Population By Age Group, 1990-2020 (% of total) 72
Table: Singapore's Key Population Ratios, 1990-2020 73
Table: Singapore's Rural And Urban Population, 1990-2020 73
Methodology 74
How We Generate Our Industry Forecasts 74
Construction Industry 75
Bank Lending 76
Real Estate/Construction Business Environment Rating 76
Table: Weighting Of Indicators 77
Sources 79

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