Recession woes have not deterred Hong Kong billionaire Li Ka Shing from seeking out investment opportunities in Singapore's property market. The tycoon's Cheung Kong Holdings is aiming to increase its investments in the city-state. Justin Chiu, executive director, Cheung Kong Holdings, said: "Actually there are ample opportunities in Singapore right now, so we are looking at various locations. We hope...
Property Investment
Singapore's property market turned in a poor showing in the first quarter as developers and home-buyers braced themselves for a prolonged downturn. But analysts said there are cash-rich individuals out there who might inject life into the Singapore market in the coming months. They said these individuals with deep pockets have been doing their homework in recent months and are now ready to close in on...
Bargain-hunting now comes with probability that prices could fall further PRIME properties in key cities such as London and New York have long been out of the price reach of most Singaporeans. However, the slide in prices and currencies caused by the global financial crisis has made such markets much more affordable for those who dare. Particularly attractive to potential Singapore investors are the...
OF LATE, relatives and friends looking into investing in property have found the process very difficult, with the Inland Revenue Authority Of Singapore (Iras) asking for details pertaining to their property transactions. These investigations are highly detailed and intrusive; tend to drag on for months and may even involve face-to-face meetings with a panel of senior tax officials. Iras typically takes...
The value of property investment sales in Singapore hit a record low in the fourth quarter of 2008. In its latest report, real estate consultancy Colliers International said total investment sales in the three months to December fell by 93 per cent on-year to nearly S$577 million. This is the lowest since the property market picked up four years ago. It also represents a drop of 68.8 per cent from the...
Singapore's commercial and residential property sectors will remain attractive to investors in the medium to long term. Property watchers told Channel NewsAsia that is because of Singapore's status as an international financial hub. 2009 looks set to be a difficult year by all accounts, but market watchers said property investment fundamentals here remain strong. As global financial institutions cut...
JLL says yes; other property pundits not so sure THANKS in part to falling interest rates, the affordability for luxury homes in Singapore has improved by 24 per cent since the third quarter of last year, according to property consultancy Jones Lang LaSalle (JLL). JLL compiles an affordability index for private homes, which takes into account factors such as property prices, national wages and interest...
The fallout from the US sub-prime crisis has filtered down to the property market in Singapore. Property consultancy CB Richard Ellis (CBRE) says total investment sales in Singapore properties fell 70 per cent from 2007, to S$17.83 billion this year. CBRE says one year on, the crisis in the US has made investors of Singapore properties more cautious. But the sharp slowdown in transaction volumes was...
Tokyo has been ranked as the top property investment city in the Asia-Pacific, according to a survey by Washington-based Urban Land Institute and PricewaterhouseCoopers. But while investors see plenty of opportunities in the regional property sector, financing may prove to be a key challenge in the coming year. Together with Tokyo, Singapore, Hong Kong, Bangalore and Shanghai round up the list for the...
INVESTORS here now have the opportunity to cash in on distressed properties in the United States. Yesterday, property investment group IP Global said it would be the first to offer such properties for sale, through its Singapore real estate partner Adhome Realty. The first development on the block is a downtown Los Angeles residential project at prices that are, on average, 30 per cent lower than before...