Five reasons why you should buy a property now
With house prices on the rise, despite the new cooling measures, is now really the right time to buy a property? Award-winning property agent Kelvin Fong thinks so. Here are his five reasons why buying a property today could be the best decision you ever make.
1. Low interest [...]
singapore property news
Singapore property firms wooing Chinese investors
Several Singapore-based property companies have been doing extra work to attract Chinese investors to invest in the Singapore property market.
According to several property firms, 60 percent or 6 out of 10 prospective Chinese customers are inquiring about Sentosa Cove, which offers luxurious waterfront living. It seems that Chinese investors are [...]
singapore property news
Q2 investment sales market improves
Singapore’s investment sales market in the second quarter has strengthened further, recording a 24.3 percent jump to S$7.11 billion, compared with S$5.72 billion in the first quarter this year, according to property consultancy group Colliers International.
The group said the increase in the investment sales market was largely attributed to [...]
High-end market has room for growth
Singapore has long been regarded as a safe investment haven, which is why foreigners are snapping up property throughout the island.
Foreigners have bought around 23,000 non-landed private homes since 2007, 35 percent of which are high-end homes in Districts 1, 2, 4, 9, 10 and 11, according to the URA’s [...]
Economists said Singapore is set to become this year’s fastest-growing economy in the world, following the government’s upgrade of the annual growth forecast to 13-15 percent.
The new estimate, up from the previous prediction of a 7.0-9.0 percent expansion, exceeds forecasts of about ten percent growth in regional powerhouse China and comes in spite of fears [...]
The Singapore private property market has seen more signs of a slowdown in the second quarter.
According to property consultancy firm CB Richard Ellis (CBRE), about 4,000 new home units were sold in Q2, down from 4,380 units sold in Q1.
CBRE also estimated that about 3,400 to 3,600 resale home units were sold in the resale [...]
It’s official – Singapore’s private residential property market cooled significantly in May.
The number of caveats lodged fell 41 per cent on-month to 1,979, according to latest figures from Singapore Institute of Surveyors and Valuers.
Still, property analysts do not expect foreign investor’s appetite for homes to be dampened.
Industry data showed that District 4, which includes the [...]
The 588 million dollar Indian offering of Standard Chartered Bank was more than twice oversubscribed by its close Friday, as bids from investors came in just hours before the deadline.
The issue, which opened on Tuesday despite volatile global market conditions, is being viewed by bankers as a success, with investors confident of the bank’s growth [...]
Singapore ranks as world’s 17th most expensive location for retail rents
Singapore has climbed up one spot in the latest survey conducted by CB Richard Ellis for the world’s most expensive retail locations.
CBRE’s Global MarketView report on the retail sector showed that prime retail rents in the country ranked 17th worldwide as the most expensive location [...]
Singapore’s GDP soars 32 percent in first quarter
SINGAPORE – Singapore’s economy soared in the first three months of 2010, bouncing back from a contraction the previous quarter as manufacturing more than doubled.
Gross domestic product grew an annualized, seasonally adjusted 32.1 percent in the first quarter, led by a 139 percent jump in industrial production, the [...]
