Good Class Bungalow (GCB) deals in Singapore hit $1.85 billion year-to-date, an increase of 7.3 percent from the $1.72 billion deals recorded last year, according to CB Richard Ellis. Also, at least $100 million worth of GCB deals are expected to be exercised before the year ends. The $1.85 billion worth of GCB deals so far this year includes 101 transactions, slightly lower that the 109 GCBs sold in...
singapore property
OCBC today said in a new report yesterday that mass-market homes in Singapore are looking expensive, while high-end properties, which are yet to hit their previous peak prices, could be even riskier bets because of their reliance on fickle overseas buyers. "The market may choose to 'dance until the music stops', but in our opinion, it is time to recognise the risks of direct investments in residential...
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...
According to property investment house Pacific Star Group, Singapore and Hong Kong are Asia’s most attractive markets for real estate investment. Pacific Star ranked 11 markets in Asia based on several factors including economic outlook, expected total returns, projected property vacancy rates, ease of doing business and socio-political stability. It found that Singapore and Hong Kong got the highest...
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...
Minister in the Prime Minister's Office Lim Hwee Hua said the government had to step in with cooling measures to minimise speculation in the HDB market because of a small group of private property owners. Housing was a hot topic that Mrs Lim dealt with at her walkabout on Sunday at Kampong Chai Chee, a relatively old estate under the East Coast GRC. The current state of the property market and the Lehman...
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...