Even as some market observers are saying that the Singapore property market is weakening, Macquarie Global Property Advisers (MGPA) is still optimistic and sees value in the office, retail and residential sectors. “There are still some good bargains around, and in the next 6 to 9 months, there might be better pricing value,” said MGPA’s chief executive (Asia investments) Simon Treacy at the signing...
Property Market
Singapore's property investment market remained robust in the first two and a half months of this year, with investment sales totalling S$5.9 billion in that period. The is according to a survey by consultant CB Richard Ellis. It said strong economic fundamentals and the positive long-term outlook in Singapore underpinned property investment activity. This is despite uncertain global economic conditions...
Sales of new private residential homes in February fell 46 per cent compared with the previous months. This is according to figures released by the Urban Redevelopment Authority. And industry watchers said this is the slowest sales since last August when the URA first released the data. About 170 new private apartments were sold in February, compared with 316 units in January. Donald Han, Managing...
The sub-prime crisis has intensified the necessary corrections in the property market. But according to Henderson Global Investors, there's an upside to it. The asset management firm, which has some $117 billion worth of assets under its wing, is positive on the medium term outlook for the global property sector. The likelihood of a US recession and the current global credit crisis is hurting investor...
Latest housing and retail sales data both show increased cautiousness led to a pullback in buying. But while sales of cars and other big-ticket items are likely to pick up in the coming months on the back of rising incomes, the slow take-up rates in property sales will likely continue to bleed into the next two to three months. According to the Urban Redevelopment Authority, the number of new private...
There are more signs that Singapore's property market is slowing down. Latest numbers from the Urban Redevelopment Authority (URA) show that developers launched just 410 new housing units in January – that is 16 percent less than the number of units launched in December, which was also a quieter month. Industry watchers said market sentiments have cooled due to the sub-prime crisis and global economic...
Companies wary of acquisitions amid market uncertainty EVEN as property prices come off their peaks, sector participants are keeping cautious, with Macquarie MEAG Prime Reit’s manager becoming the latest to say it will hold off making acquisitions for now. The uncertain mood brought on by turbulence and volatility in financial markets is curbing enthusiasm for property around the world. “We have...
Private property prices will see slower growth in the first quarter of this year, amid the current upheaval in global financial markets and a possible US recession. That is according to property consultants who said prices will be supported by rentals which will continue to climb higher this year. Related Video Link - http://tinyurl.com/2ew98s There has been frenzied buying and selling in the financial...