Category: Property Singapore related
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Down 15%, worst performing luxury property market in the world
Reported in propertyguru.com.sg, the luxury residential property market in Singapore is not doing fine. In fact, it is doing pretty badly. After dropping 15.2 percent within the past 12 months (June 2014 to June 2015), it is now ranked last among the luxury residential market in the world. The main reason is because of the…
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Singapore property market? Some not so good indicators.
Not many would believe that the Singaporean economy may not doing well in the next few years. Personally, I also do not believe this will happen. However, the threat is there. According to Dr. Chua Hak Bin, the head of emerging Asia economics at Bank of America Merrill Lynch, there is a possibility of Singapore entering…
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Gamuda: S$755 per sf for Toa Payoh’s residential land tender
When I was in Singapore just a few weekends ago, I went to a new office building and was surprised to learn that it was built by IOI. The office building was a very modern looking and it’s called South Beach. There were no buttons inside the lifts, you merely swipe the access card given…
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Property Stocks no Value? No worry, I privatise.
Why are property stocks being privatised these days? I thought it happens only in Malaysia but it’s also happening in Singapore. In one latest report by Bloomberg, it said that 66 percent of the listed property developers are trading at less than the value of their net assets. In other words, if you were to…
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High Speed Rail KL – Singapore, missing the deadline.
Actually this was already rumoured or reported earlier but today, in Singapore’s Business Times, it was reported again. Instead of the planned 2020, it will now be delayed by 2 years to 2022. Again, it cited ‘unnamed sources’ for its reports. The reason for this is because there are way too many unresolved issues for…
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Singapore: Easing of cooling by end 2015 – DBS
To those who have been following Singapore’s property market news, it has not been that awesome. Prices have fallen, especially for the luxury ones but it included even those HDB flats too. Developers are really shouting and crying out loud that they are facing huge pressure without government support. The support they needed would be…
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Singapore properties? Aiming at soft landing
Can any government in the world control its property market? If it’s way too heated up, to cool it down slowly instead of having the bubble bursting and affecting everyone and tha banks? The answer seems to be a yes. According to an online article, Singapore’s National Development Minister Khaw Boon Wan said that the…
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Plain unlucky or just simply no planning?
I read a sad news in PropertyGuru.com.sg today. A Singaporean women who sold her four-room flat had earned S$198,000. The reason she sold was because she could not longer afford to pay her mortgage. The article did not say why she could not afford to pay but with the sale, she bought a weekend car…
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Singapore Sentosa property trouble. Collapse?
Is Sentosa of Singapore in a ‘property trouble’? I think the property prices have been decreasing a lot. Reason is because the buyers of Sentosa are normally the foreigners and when markets are uncertain, these are the first ones to sell. Just look at BURSA of Malaysia and you would note this too; foreign selling.…
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Mortgage Singapore, ever higher from end 2014
In a report in channelnewsasia, it is said that the three-month Singapore Interbank Offered Rate (SIBOR) which is a key interest rate that housing loans are pegged has risen higher after starting to rise since end of 2014. According to the report, most of all the mortgage loans taken by Singaporean homebuyers are pegged to…
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Singapore: Higher auctions and bargain hunters
Just read a piece of news in Bloomberg which said that the total units up for auction in 2014 for Singapore was 10 times higher than 2013. Before you worry, please do not worry, the total number is just 118, most probably those who bought very much later than the earlier batch. Thus, as soon…
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Falling lower? Not low enough yet.
According to a survey by PropertyGuru, the leading property website in Singapore, 60% of Singaporeans still think prices are too high in Singapore. This is despite the fact that the prices has been falling throughout 2014. Demand is intact however. Majority will enter as soon as the price hits their expectations. They want the Singaporean…