Property stocks soar but may end soon
Prices of private homes recorded their biggest plunge in Q1 this year, but this hasn’t stopped the surge of property stocks in the recent market rally.Most shares of local developers have increased by 20 percent at least from their lows in the previous month, with others – like Keppel...
Continue Reading • 14 Oct 2009
Double-digit drop in private home prices
Private home prices in Singapore plummeted by 13.8 percent in Q1 of the current year. This quarterly drop is a record as number of market players and developers trimmed down their expectations.Yesterday, Urban Redevelopment Authority (URA) released advance estimates showing that this drop in...
Continue Reading • 14 Oct 2009
Sudden turn-around in private home sales
While homes sales is presently booming since the second quarter of the year, analyst supposes that private home sales prices will rise again, a gyrate from recent predictions that in 2010, prices will be continuously decline. In the midst of the gained confidence, recommendations from...
Continue Reading • 13 Oct 2009
Orchard Road ground-level shops hindered
Despite the continuous decline in retail sales and with new supply carrying out soon, Orchard Road retail rents are still rising. However, Cushman and Wakefield stated that advantageous retailers coming in the last phases of negotiations for the remaining limited preference in the new...
Continue Reading • 13 Oct 2009
Singaporean 'sky gardens' set to blossom
More 'sky gardens’ are expected to rise in Singapore, especially on areas like Raffles Place, Orchard Road and along Singapore River.The Urban Redevelopment Authority (URA) launched yesterday the rooftop landscaping programme for new developments in several areas of Singapore starting...
Continue Reading • 13 Oct 2009
Singapore cheap stocks unsuccessful to pull buyers
According to the asset manager Henderson Global Investors, the currents stocks in Singapore are cheap but any forms of aggressive purchasing of property firms in Singapore might not be sustained.Henderson Global Investors said that mainland China and Hong Kong are the best bets of the regions for...
Continue Reading • 13 Oct 2009
Developers and valuers meet for common ground
Last week in Singapore, property developers met with valuers amidst some quarters’ complaints about conservative ratings, which blocked a number of property transactions because possible home buyers could not procure the needed loans from the banks.The valuers’ decision to disagree...
Continue Reading • 13 Oct 2009
The best place and time to buy
The global financial breakdown has hardly hit the real estate business all over the world.In some foreign nations, property prices have dropped aggressively due to the result of stiffer credit and the hardships being faced by some property owners servicing their mortgages. However, the downturn,...
Continue Reading • 13 Oct 2009
Singapore introduces new scheme
The scheme called First Mover Advantage was introduced in Singapore to boost the development of advanced business ideas optimising the use of public parks, buildings, state land or other government properties.The said scheme is open to all people, including permanent residents, Singapore...
Continue Reading • 13 Oct 2009
Vacant office space
Property sector in Singapore continues to experience hard times, with the office market sharing the same predicament.Government data revealed that the segment plunged for two consecutive quarters. Meanwhile, as rentals and prices went slipping, the broader property market also took a hit.A drop...
Continue Reading • 13 Oct 2009
Raffles Place’s new features
Straits Trading Company’s flagship building will be the sole new building to be found within the Raffles Place for the current year.The 28-storey building, which was completed last November, will pose a dazzling faceted blue glass front. It will be positioned at 9 Battery Road.“The...
Continue Reading • 13 Oct 2009
Two signals show volumes of condo prices
Based on the study conducted by DTZ, the Straits Times Index (STI) and the developers’ cumulative unsold inventory proved to be reliable indicators before major turning points for condo and private apartment prices in Singapore.It was observed that the STI had been the leader in the...
Continue Reading • 13 Oct 2009
Gradual rise of high-end property
The high-end of the property market seems to be slowly gaining interest from property seekers and starting to be discovered from its near non-existent degree.Many property investors are trying to return to the resale property market just to take the opportunity to avail of the classy flats at...
Continue Reading • 13 Oct 2009
Strong Sales of Private Homes Continue
The sales for new private homes remained strong for April. It was carried over from February and March 2009. According to developers, 1,207 units were sold for the current month, compared to 1,332 units in February and 1,220 units in March.The sales for the period January to April accounted for...
Continue Reading • 13 Oct 2009
SING Holdings Launches BelleRive
SING Holdings is launching its BelleRive, a 15-storey apartment tower, this weekend on Bukit Timah Road between Balmoral and Robin Roads.The said residential building has a total of 51 units – available in two and three-bedroom units ranging from 958 sq. ft. to 1,679 sq. ft.BelleRive also...
Continue Reading • 13 Oct 2009
Real estate boom amid recession
The latest data from the Urban Redevelopment Authority show that the volume of real estate sales in April reached 1,200 transactions following impressive sales records two months before. From January to April, 3,867 units were sold, which were equivalent to 90 percent of total sales in 2008 at...
Continue Reading • 12 Oct 2009
Sales of distressed property to surge
Singapore’s distressed property assets will possibly flood the markets in the succeeding two years, said Dr. Seek Ngee Huat, president of GIC Real Estate.In a public seminar conducted by the Institute of Real Estate of the National University of Singapore, Dr. Seek said a flood may emerge...
Continue Reading • 12 Oct 2009
Kaki Bukit site awaiting tender
The Urban Redevelopment Authority (URA) announced yesterday the solicitation of bids for a 30-year leasehold industrial site in Kaki Bukit Road 2, near the Ruby Warehouse Complex, Kampong Ubi and Eunos Techpark.The low cost of capital involved and the land’s strategic location in...
Continue Reading • 12 Oct 2009
Private home prices possibly rise
Prices of private homes across all sectors may possibly rise this year, but the high-end properties will remain in stagnancy until next year, said Kwek Leng Beng, the executive chairman of Hong Leong Group.Based on the Urban Redevelopment Authority data there were about 1,200 new private houses...
Continue Reading • 12 Oct 2009
Ho Bee sells 36 units at Trilight
Out of 60 previewed flats last Friday, HO Bee Investment sold 36 flats at its Trilight condominium located at the highest point of Newton Road. The freehold development, which is a 30-storey building, has an average price of $1,650 per square foot (psf).The released condos are priced about...
Continue Reading • 12 Oct 2009