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Singaporeans opt for pricey homes, says report

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Foreigners no longer accounted for most buyers who purchased homes at more than $5 million, according to a recent study conducted by Savills Research and Consultancy, revealing that Singaporeans are now buying up pricey homes.
The report showed a stunning turnaround in a trend which has [...]

Singapore ranks as world’s 17th most expensive location for retail rents
 
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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 [...]

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 casts wider net for investors looking to tap into Asian growth story
Investment interest in Singapore from non-traditional locations including Russia and the Middle East is escalating, as firms look for a base from which to tap the growth of Asia.
Currently, around 310 Middle East companies are registered in the country, higher than the 260 [...]

HDB quarterly resale prices hit new record but analysts say prices stabilising
SINGAPORE: HDB resale prices have hit a fresh record in the first quarter of this year rising by 2.8 per cent compared with the previous quarter. But the latest figures show signs of a market that’s finally stabilising after months of runaway prices.
Some analysts [...]

Private home sales rise 47% on—month in March to 1,761 units
SINGAPORE: Private home sales kept up their momentum in March, with 1,761 units changing hands, according to figures from the Urban Redevelopment Authority (URA).
This was up 47 per cent on—month and also the fourth highest monthly sales recorded since the start of URA’s monthly series [...]

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 [...]

Property consultancy firm CBRE said that more than $500 million worth of Good Class Bungalows (GCBs) have been sold during the first quarter of 2010.
Based on CBRE’s analysis of URA Realis caveats, 29 deals were made in Q1 2010, amounting to $470.33 million. In addition, Mr. Douglas Wong, director for luxury homes at CBRE, confirmed [...]

Government releases four residential sites in one go
 
The government has released four more residential sites for sale, which can accommodate more than 1,200 private home units.
The Urban Redevelopment Authority (URA) said yesterday that the potential land supply from the government’s land sales programme, as well as the supply from projects in the pipeline will be [...]

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Real estate developers to bring forward property launches
Singaporeans can look forward to more property launches. The Real Estate Developers’ Association of Singapore (REDAS) on Thursday announced that its members will be bringing forward property launches.
REDAS added that its efforts are only limited by the land available and [...]