RBI data showed that at the end of FY21, total value of gold loans outstanding was nearly Rs 60,500 crore - up 82% on the year. In FY22, this growth rate could slow down substantially, industry players said.
While the term “asset progression” is used loosely these days, one thing should be clear: there’s a huge difference between planning to sell and upgrade (e.g., moving from a flat to a condo), versus actually wanting to own multiple properties. Wanting to own a second home is a bigger aspiration, that will require deeper pockets and more in-depth planning. In.
Legacy planning
1. The value of more space
A regular HDB flat, even a 5-room unit, won’t reach up to 1,540 sq. ft. So if you really need that much space, your only other alternative is to look in Singapore’s private property market.
As of January 2021, the average price of a private, resale non-landed property is $1,341 psf:
Going by this amount, a 1,540 sq.ft. condo unit would cost about $2.06 million. A condo unit that matches the larger maisonettes, such as the 2,067 sq.ft. units in Queenstown, would cost over $2.77 million.
In this context, you can see why some buyers would willingly pay $1 million for a maisonette; even if it’s a 30+ year-old HDB property. There are few other ways to get so much living space in Singapore, at so low a quantum.
Mercialys: 2020 Results
Mercialys (Paris:MERY):
Balance sheet positions effectively under control. Significant asset sales completed at end-December 2020, with a net cash-in of around Euro 150 million. Four Monoprix stores and two hypermarkets sold to leading institutional investors, highlighting their interest in retail assets that generate sustainable cashflows.
Loan to value (LTV) ratio excluding transfer taxes of 38.1%, down -302bp from end-June 2020. LTV including transfer taxes of 35.8%
Portfolio value resilient, consolidated by asset disposals. Limited contraction in the portfolio value including transfer taxes, with -2.3% like-for-like over six months and -5.5% over 12 months. Average appraisal yield rate of 5.72% vs. 5.49% at end-June 2020 and 5.26% at end-December 2019. EPRA NDV of Euro 18.42 per share, -7.4% over six months and -7.9% over 12 months