Posted on May 16, 2008 by lushhomeonline
Sales in the private residential market have dipped in April after a mild recovery in March.
According to the numbers of private home sales released by the Urban Redevelopment Authority (URA), only 274 units were sold last month – down from 301 units in March.
Developers were also holding back, with only 271 units launched in April [...]
Filed under: General, Market Reports, New Launches | Tagged: New Launches, Private Property Sales, Property Prices, Singapore Property, Singapore Property Market | No Comments »
Posted on May 16, 2008 by lushhomeonline
Number of new homes sold and launched fall sharply
PRIVATE home sales weakened further last month, with the number of new homes launched and sold dropping sharply from March.
Developers launched just 271 units in April, most of them in mass market projects. This was less than half of what they launched in March, and the lowest [...]
Filed under: General, Market Reports, New Launches | Tagged: Breeze by the East, Lakeshore, New Launches, Private Property Sales, Property Prices, Singapore Property, Singapore Property Market, Stadia, The Quartz | No Comments »
Posted on May 16, 2008 by lushhomeonline
Singapore hotel rates will continue to rise this year despite the slowing global economy due to a shortage of rooms, the head of the city state’s largest hotel operator said on Thursday.
‘Because of the sub-prime crisis, the higher-end … hotels have less ability to increase their rates. But we are still having a shortage,’ said [...]
Filed under: General, Hotel, Market Reports | Tagged: CDL, City Developments, Kwek Leng Beng, Singapore Hotel Outlook, Singapore Hotel Rates, Singapore Hotels | No Comments »
Posted on May 16, 2008 by lushhomeonline
The US sub-prime crisis has begun to hurt Asian property markets, the real estate investment arm of the Government of Singapore Investment Corporation (GIC) said at the FT Asia Property Summit on Thursday.
While Wall Street starts picking up the pieces from the sub-prime crisis, GIC said, the Asian property market has just started to feel [...]
Filed under: General, Market Reports | Tagged: Asia Property, FT Asia Property Summit, GIC, Government of Singapore Investment Corp, Singapore Property, US Subprime Imapact on Asia Property | No Comments »
Posted on May 16, 2008 by lushhomeonline
The real estate arm of sovereign wealth fund the Government of Singapore Investment Corp (GIC) said on Thursday that the US sub-prime crisis is beginning to hurt Asian property markets such as Japan and Australia.
‘The contagion effects of the sub-prime crisis can potentially accelerate the downward spin of the current property cycle,’ Seek Ngee Huat, [...]
Filed under: General, Market Reports | Tagged: Asia Property, GIC, Government of Singapore Investment Corp, Singapore Property, US Subprime Imapact on Asia Property | No Comments »
Posted on May 15, 2008 by lushhomeonline
European investors find region’s GDP growth too attractive
The recent catalogue of natural disasters such as earthquakes and cyclones will not stop European property investors seeking value in Asia’s most promising real estate markets, fund managers said here on Tuesday.
Days after Cyclone Nargis ravaged Myanmar’s Irrawaddy region, a quake measuring 7.9 on the Richter Scale struck [...]
Filed under: General, Market Reports, Overseas Property | Tagged: Andrew Jackson, Asia Property, Asia Property Market Outlook, European Property Investors, ING Real Estate, International Selection Property Securities Fund, Mark Callender, PRUPIM, Schroders, Standard Life Investments Property Fund, Trevor Hankin | No Comments »
Posted on May 13, 2008 by lushhomeonline
Number of foreign purchases fall; many buying homes in suburban areas
HIGH-END homes have become the first to buckle under the pressure of volatile market conditions and gloomy buyer sentiment.
Prices of luxury developments dipped in the first three months of this year, even as foreign buyers - a traditional source of demand for such properties - [...]
Filed under: Foreigners, General, Luxury Property, Market Reports, Rental | Tagged: Ardmore Park, Foreign Buyers, Foreigners, Property Prices, Singapore Luxury Homes, Singapore Property, Singapore Rental Market, St Regis Residences | No Comments »
Posted on May 12, 2008 by lushhomeonline
Prices holding for now but may suffer if wider market weakens
THE dispirited housing market has claimed another casualty: Sales of strata-titled offices have taken a nosedive this year.
And while prices are holding steady for now, they might start to dip in the coming months, predicted property firm CB Richard Ellis (CBRE).
It analysed data for seven [...]
Filed under: General, Market Reports, Office / Retail Space | Tagged: International Plaza, Office Space, Singapore Office, Strata-titled Offices | No Comments »
Posted on May 6, 2008 by lushhomeonline
Key sectors seen benefiting include hotels, aerospace, healthcare, transport
URBAN Redevelopment Authority’s Master Plan 2008 - which will be exhibited soon - will see changes in land use and increases in plot ratios, but these will be selective and focused on growth areas, rather than a widespread upgrade in densities, DBS Vickers Securities said in a [...]
Filed under: General, Govt Policy, Market Reports, Masterplan | No Comments »
Posted on May 6, 2008 by lushhomeonline
Income growth a better driver of housing price trends: Citi
LOW or negative real interest rates are often cited as one factor supporting housing prices. But Citi believes that in today’s market, negative real interest rates will at best be a ‘cushion’ in the near term.
In a report on the Singapore market, Citi analyst and vice-president [...]
Filed under: General, Market Reports | Tagged: Affordability, Income Growth, Interest Rates, Market Sentiments, New Housing Supply, Property Prices | No Comments »
