The number of transactions in the property market has gone down due to uncertainty over the US economy. National Development Minister Mah Bow Tan said this is to be expected but added that property prices have not shown any signs of correcting. He was speaking to reporters at the sidelines of a community event on Sunday evening. He said: "There is a slowdown in the market as reflected in the level of...
singapore property
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...
Architectural Gems on Emerald Hill Hidden among the glitter and dazzle of the huge, modern shopping malls so commonplace in Singapore today, Emerald Hill is populated by a large number of beautiful and vintage shophouses that boasts of many different architectural styles, showcasing many examples of early Singaporean architecture. The small street is tucked away off the main Orchard thoroughfare,...
Sui Generis is a Latin expression, literally meaning of its own kind/genus or unique in its characteristics. Offering only 40 exclusive units cloistered in the quiet enclave of Balmoral Crescent, Sui Generis is designed for the few who wish to seek less attention, take a backseat from the limelight and enjoy the finer things in life, in absolute privacy. Every detail has been scrupulously taken care of....
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...
HDB resale prices have gone up by a better-than-expected 17.5 per cent in 2007, the fastest rate since prices soared by 25 per cent in 1996, latest official figures by the Housing Development Board (HDB) showed. Most homes in Singapore have appreciated to the highest levels since 1996. The price of a three-room HDB flat was an average of S$149,000 in the last quarter while a five-room flat in Marine...
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...
Marina Collection. Sail home to 124 exclusive, spacious and utterly luxurious units perched on Singapore most pristine waterfront address. With access to 40 private berths in the beautiful marina right at your door step, the Sentosa Golf Club in your backyard and an exclusive membership to the distinguished One degree 15 Marina Club, life on the high seas right at your doorstep. Ideally located at the...
Chiu Teng Estates has put in the top bid of S$14.8 million for a 99-year leasehold commercial site at Jalan Sultan. This works out to S$10,480 per square metre per site area. It is also just S$1.2 million more than the second highest bid. The tender attracted 20 bids in all. Meanwhile, the Urban Redevelopment Authority has decided to reject the only bid submitted for the transitional office site at...