Table of Contents
Executive summary ........................................................................... 3
Back to 2005; replaying 2003? .......................................................... 5
Real Estate Investment Trusts........................................................ 15
Liquidity feeding housing market .................................................. 23
Hitting ground zero ......................................................................... 37
Retail – competition for tenants intensifying................................ 43
Industrial – rents under pressure ................................................... 46
Appendix A: Planned residential launches (> 50 units) ................ 48
Allgreen Properties.......................................................................... 49
CapitaLand Ltd................................................................................. 50
City Developmets ............................................................................ 51
Keppel Land ..................................................................................... 52
Wing Tai Hldgs................................................................................. 53
Ascendas REIT ................................................................................. 54
CMT................................................................................................... 55
MapleTree Logistics Trusts............................................................. 56
Suntec REIT...................................................................................... 57