Singapore is now Asia Pacific's number one city for real estate investment in 2011, according to a global survey led by the Urban Land Institute and PricewaterhouseCoopers (PwC). The city state has overtaken Shanghai, which has seen falling investor interest due to record-high property prices. But Shanghai's property prices could fall by as much as 20 per cent next year. India presents great returns of...
singapore property market
All units at the Robinson Suites, except for the five penthouses, are said to have been sold over a three-day period last week. Three shop units on the ground floor of the 167-unit, 42-storey project have also found buyers. According to The Business Times, the three shops and 132 residential units were released on Thursday, all of which were sold by Saturday except for the five penthouses. The remaining...
Soaring above the Hillview and Bukit Batok estates in District 23, Regent Heights is one of the tallest condominium projects in the area. The 11-year-old development by Bukit Landmark Properties, a unit of Far East Organization, recently saw significant interest from HDB upgraders. “The price in the area is still very affordable,” says DTZ realtor Eric Kang, who was negotiating deals for a couple of...
The property market will take into account the recent cooling measures and adjust to the "new challenges", said Mr Simon Cheong, the president of the Real Estate Developers' Association of Singapore (REDAS). "It is in our interest to see a graduated trend in value movements in order to realise a sustainable environment for real-estate development rather than face the volatility arising from mismatched...
Prices of luxury condos have continued to rise this year but a new rule may soon tie the hands of the developers. Currently many developers have picked their time to launch developments when sentiments are good and decent prices can be charged. But under the rule changes which are expected to come in early next year, they may lose this choice. If they exceed the project completion period on sites bought...
The Real Estate Developers' Association of Singapore (REDAS) has underscored the importance of stable property prices for the country. REDAS President Simon Cheong, was giving a speech at his association's 51st anniversary dinner. He said along with other Asian economies, Singapore is resorting to tightening measures to deal with the threat of an overheating property sector. Prices will be impacted as...
Hot-money flows into Asia have hogged the headlines for much of the past month as the investment community acted in anticipation of the second round of quantitative easing that the United States Federal Reserve is expected to unleash. Rapid and large fund flows into a region tend to inflate prices in all asset classes, creating wealth in the destination countries. Typically, such new wealth created tends...
Non-landed private home prices saw a 0.7 percent decline in October, after a 1.1 percent monthly increase in both August and September, according to the Singapore Residential Price Index (SRPI) of the National University of Singapore (NUS). The decline was attributed to falling prices in the “non-central” and “central” locations, which saw a drop of 0.5 percent and 1.1 percent, respectively. The...
It’s easy to understand why The Sail is the most actively traded project in the prime Marina Bay area. When the 63-storey Tower Two of the 1,111-unit project was first launched in 2004, units were priced at $900 to $1,000 psf, while the first batch of 100 units released at the 70-storey Tower One a year later averaged $1,080 psf. Today, on the secondary market, owners of units with pool views are asking...
National Development Minister Mah Bow Tan said there are signs that measures to cool the property market have taken effect. There has been at least a 20 per cent drop in HDB resale transactions this quarter while Cash-over-Valuation (COV) is down some 10 per cent from the third quarter. Mr Mah was speaking at the ground breaking ceremony of the SkyVille@Dawson and SkyTerrace@Dawson on Saturday...