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Big property deals now in cold storage

Kalpana Rashiwala AsiaOne 14.03.2012
Keppel Land positive about luxury housing in Singapore

Keppel Land is looking at Singapore’s luxury home market as being less negative and amid a mending global economy demand should stay supported.

Big property deals now in cold storage

Investment sales of property so far this quarter have plunged to their lowest levels in two years - to about $3.4 billion as at March 12, although the final figure for Q1 could rise to around $3.8 billion, estimates Savills Singapore. The tally as at March 12 reflects declines of about 57 per cent from $7.7 billion for Q4 2011 and 60 per cent from Q1 2011's $8.4 billion.

In 2011, buyers from China were the biggest group of foreign property buyers in Singapore. (Yahoo! file photo)

In 2011, buyers from China were the biggest group of foreign property buyers in Singapore. But if you are counting on foreigners to continue buying properties in Singapore in 2012 and 2013, I am afraid to say that you may be disappointed.

Singapore residential prices to fall 12 per cent in next 3 months, analysts say

After a strong performance in January, it looks like the residential property market in Singapore is set to feel the affects of the cooling measures set forth in December.

A maintenance worker grooms a golf course in front of high-rise apartment blocks under construction in Noida, east of New Delhi.

Vivek Sharma, like many Indians who came to Singapore for work, failed to jump into the island state’s booming property market before the government imposed taxes to deter foreign buyers.

Developers continue to launch new projects in Singapore

Property developers in Singapore continue to launch new projects despite the government’s latest cooling measure, the additional buyer’s stamp duty (ABSD).

Property developers hope for Budget incentives

PROPERTY developers are hoping for measures to cut their business cost in the upcoming Budget, a move that some of them say could also help cool the real-estate market.

New habitat in Singapore achieves strong sales

Far East Organization has presold 181 of 306 units of its euHabitat residential development in Singapore. The project, located on Jalan Eunos, will consist of four housing options ranging from one to two-bedroom SOHO units, 1- to 4-bedroom condominiums, 4-bedroom townhouses and single bedroom suites.

Singapore resale values to remain high

Property Report 28.07.2011
Singapore residents sceptical of market downturn:survey

A new survey says that Singapore residents still expect property prices to continue climbing this year, contrary to what many had been predicting.

Singapore resale values to remain high

Singapore resale values of flats will remain high for the remainder of the year, while the market struggles to find a balance between supply and demand, market watchers said.

Bank of China is one of the banks appointed by the Ministry of Law to open dedicated accounts for overseas property lawyers

Two high profile cases in 2006 and 2007 resulting in fraud of around S$17 million (US$14 million) have prompted Singapore to introduce new measures next month to protect property buyers from rogue overseas property lawyers.

Singapore: HDB resale flat prices up in Q2

HDB resale flat prices rose 3.1 per cent between April and June and the overall number of transactions in the second quarter rose about 6 per cent to around 6,000, according to HDB figures. The flat prices increase is almost double the 1.6 per cent increase witnessed in the previous quarter.

Singaporean HDB flats fetching large COV payments

New research from leading property site iproperty.com.sg indicates that buyers are more and more willing to make large cash-over-valuation payments to secure their most desired properties, even as much as S$45,000 (US$37,086) for 13 per cent of customers.

The most expensive home sold in Singapore in June was Le Nouvel Ardmore at Ardmore Park

1,182 residential units were sold in June, down from 1,575 in May representing a 23 per cent decrease in sales. The data released on Friday by the Urban Redevelopment Authority (URA) showed the slowdown in sales despite an increase in units launched. A total of 1,614 units were launched in June, up from 1,215 in May.

Singaporean Laksa is popular among foreigners, and so is property in the city state.

Investment in property in Singapore held firm in the second quarter with transactions worth S$8.3 billion (US$6.8 billion) up from S$8 billion (US$6.5 billion) in the first quarter, according to property consultants DTZ Research. Confidence remained high but there are few core assets for sale.

Singapore adds two new properties on for sale list, including Crystal Tower

Singapore’s Crystal Tower is now on the market for collective sale by tender with an estimated worth of S$155 million (US$126.4 million), while Daisy Apartments is up for en bloc sale.

Singapore housing prices on the rise

Property Report 30.06.2011
Singapore west coast site sold for S$175.8 million

A residential site on the west coast of Singapore has sold for S$175.8 million (US$141.9 million) to Boo Han Holdings Pte. Ltd.

Singapore housing prices on the rise

Private Singapore home prices are getting more expensive, according to recent data and resale values are also rising, as the government warns of the strong supply of housing still in the pipeline.

Singaporean investment surges in Iskandar Malaysia

Special economic corridor Iskandar Malaysia could soon see growth by leaps and bounds, as nearby Singapore finally appears to be getting serious about investing in the special economic zone. Sold to investors as a cheaper alternative to pricey Singapore, Iskandar Malaysia is looking at around RM3 billion (US$989.28 million) in upcoming investment from a partnership between Khazanah Nasional Bhd and Temasek Holdings Pte Ltd, according to Business Times.


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