More office transactions are taking place and buyers are also willing to raise their offers to match promising performance of the office sector About two years ago, following the collapse of Lehman Brothers and the deepening global financial crisis, property analysts were pessimistic about the Singapore office market amid concerns over weak demand and a supply overhang. Companies began slashing jobs...
General
For any young Singaporean looking to get married and start a family, the new measures to help first-time buyers, together with those to maintain a stable and sustainable property market, should come as welcome news. The Government and the Housing and Development Board (HDB) have done a good job in keeping the cost of public housing broadly in line with general inflation. Recent research by Jones Lang...
Ascott Residence Trust said its unitholders approved its plans to expand its portfolio in Asia and Europe, as it allayed fears of minority shareholders over dilution and a drop in distribution per unit (DPU) from the issuance of new units. In an extra-ordinary general meeting yesterday, unitholders gave the go ahead for Ascott Reit's plans to acquire two properties in Singapore and Vietnam, as well as 26...
Foreign investments and dynamic urbanisation will drive market With new property cooling measures introduced in Singapore and China, experts say real estate investors in these two places may be looking beyond their borders to find good buys. Faced with new limitations on loans and options for affordable properties, property investors in these countries are shifting their sights to other parts of Asia...
Housing as a luxury item or a staple - it may boil down to what numbers you believe Of all the uncertainties in the halting American economic recovery, the housing market may be the most confusing of all. At times, real estate seems to be in the early stages of a severe double dip. Home sales plunged in July and some analysts are now predicting that the market will struggle for years, if not...
Singapore is the third most competitive economy in the world, according to the World Economic Forum's competitiveness ranking published on Thursday. The city-state was also placed third in 2009. But within Asia, Singapore is still the most competitive economy. Japan is in 6th place while Hong Kong 11th. Singapore won points for its lack of corruption and for the efficiency of its government. Meanwhile...
Some analysts have said retail rents for underground malls in the city could rise by between 20 and 40 per cent in the years ahead, as the Singapore government rolls out plans to improve the rail network. The Land Transport Authority will spend S$60 billion over the next decade on initiatives to ease passenger congestion. Market watchers added that the move could also direct more traffic to underground...
About S$9.5 million will be spent to rejuvenate Yishun Central's landscape. It is a joint effort involving government agencies and Khoo Teck Puat Hospital to remake the heartland into a vibrant place for residents. A groundbreaking ceremony was held on Thursday to mark the start of landscape transformation in Yishun. The Yishun Pond is set to undergo a facelift to become part of a waterfront park for...
Sovereign wealth fund Government of Singapore Investment Corp (GIC) is expected to list its logistics unit on the Singapore Exchange on October 15. The initial public offering (IPO) of Global Logistic Properties (GLP) aims to raise up to US$3 billion in what could be Singapore's biggest IPO. If successful, the IPO would be bigger than SingTel's S$4 billion (US$2.9 billion) listing in 1993, and dwarf...
NEW measures that prevent people from owning both public and private properties appear to have discouraged some permanent residents from buying resale flats here for now. Agents have seen PRs delaying house hunting, and they expect PRs to account for fewer sales. Behind the change in sentiment are rules introduced by the government this week to cool the residential property sector. From Aug 30, a...