Category: Property Singapore related
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Transactions, Prices, AGENTS, all down
It has been a long time that we have been hearing about the slowing down of the property transactions in Singapore and Malaysia. The prices in Singapore are also softening, especially the luxury ones and to a lesser extent, even the HDB ones. With less to fight for, the number of licensed real estate agents…
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Transparency equals moderating prices?
When it comes to speed of doing things, I like Singapore. In a news report, it was announced that net prices of each individual units sold by developers would now have to be disclosed! Yes, in other words, if a buyer somehow gets a much higher discount or freebies or exemptions than all the rest,…
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Oversupply, Yes. Crashing Down? No.
It is estimated that on a yearly basis, the average population growth in Singapore is 75,000 individuals per annum from 2014 to 2020. Assuming a conservative 3 to one home, it meant that 25,000 new homes are needed every year. Now comes the tough part. Total estimated new supply for 2015 is 50,300, 71,500 in…
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World’s Best for doing business – Singapore
According to the annual Economist Intelligence Unit (EIU) for the best place to do business in the world, the top country is Singapore. It is ranked ahead of Switzerland, Australia, Hong Kong and Sweden. I love this ranking very much and hopefully this list is referred by all multinationals when they think of a new…
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Excess properties? 13 months to sell off.
As written earlier, due to the worry that the property market may have become too cold and become a danger to the whole economy, China has started to ‘warm-up’ its property market. Read here: China’s Property Market Rescue Package Deployed. This is insufficient as per China’s largest residential developer, Vanke. In fact, only the two major…
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Property rentals @ Singapore dropping. Malaysia?
According to an online news report in todayonline.com, November rental numbers for the property market in Singapore is in the negative territory. As everyone would have been reading, the Singapore property market has been declining in both transactions and prices in 2014. This has affected the rental market too and it has been falling for…
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Singapore beats both China and Hong Kong in buying overseas real estate
Singapore is ASEAN’s largest financial market, without any doubt. However, compared to China or even Hong Kong, it is still smaller. Nevertheless this does not stop it from beating both China and Hong Kong in investing overseas. According to Real Capital Analytics (RCA), Within the first 9 months of 2014, Singapore entities invested US$9.8 billion…
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Should Singapore follow China for property market ‘warming’?
The property market of Singapore for 2014 has been quite unpredictable. Read here: Singapore property, prices continuously declining into 2015 Sentiment continue to be dampened and the major reason was due to the government’s cooling measures. According to Chia Boon Kuah, the president of Singapore’s Real Estate Developers’ Association (REDAS), total transaction volume for 2014 is…
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15,000 units sold in 2013. Only 50% sold in 2014? Bad.
Yes, it’s going to be a very slow year where properties are concerned, for the primary properties in Singapore. From a total of 14,984 units in 2013, it is predicted that the number would only be 75,00 – 7,900 for 2014. Most developers would not want to launch now as year end is not a…
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Second behind Hong Kong is still pretty amazing, really.
A report by Cushman & Wakefield said that Singapore is the second most preferred outbound destination in Asia by mainland Chinese investors. The main reasons include an abundant liquidity among wealthy investors, investment institutions and developers, coupled with the currently strong renminbi. Another reason was because of the slowing real estate market back home in…
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11,900 into Singapore and 50,000 out into Iskandar everyday.
I waited for over an hour for a friend when I was in Singapore one month ago. She apologised profusely when she arrived saying the jam was bad. Area was Bugis. I always thought that in Singapore not many people would drive. To my surprise, I found out a lot of them actually drive in…
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Singapore’s property portals just got a new competitor.
The largest companies in the world today are most probably online based businesses. Think Facebook, Google and even the latest one, Alibaba.com which just got itself listed and its owner one of the richest men in China. In the online real estate world, there are many prominent names. In Singapore, Propertyguru.com.sg is the leading property…