MGPA says Singapore office demand underestimated
Republic on new curve and will take capital market share from Tokyo, HK. MACQUARIE Global Property Advisors (MGPA), which has invested about $4.5 billion in Singapore real estate in the past 18 months, is optimistic about market prospects and reckons demand for office space is underestimated. ‘Singapore is a primary market and we like it,’ … Read more
URA mulls over monthly index on private home prices
The Urban Redevelopment Authority (URA) is mulling over the possibility of releasing the price index for private homes, at least for non- landed properties , on a monthly basis instead of just on a quarterly basis as it does currently, BT understands. When contacted, a URA spokeswoman said: ‘We are studying the possibility. We will … Read more
Commercial units, residential site up for sale
SEVEN adjoining commercial units in Singapore Shopping Centre and a residential development in District 11 were put up for sale yesterday. Colliers International will auction the commercial units on the third storey of the shopping centre in Clemenceau Avenue. The seven units will be offered together and the asking price is in the region of … Read more
New home sales slump to 9-month low in Feb
URA sees slowest sale of 170 units since start of its data releases in June ‘07. The number of new homes sold by developers dropped to just 170 units in February – the lowest since the Urban Redevelopment Authority (URA) began releasing monthly sales data in June 2007. And CB Richard Ellis executive director Li … Read more
New home sales nosedive in Feb
Only 185 out of 343 units sold, down from 328 in January, but prices are holding steady. SALES of new homes slowed almost to a standstill last month, delivering another blow to the already-weak housing market here. Property developers yesterday said they sold only 185 new units in February, about half of the 343 they … Read more
Only one collective sale done so far this year
This is a marked fall from about 25 done in the same period last year. SOME residential estates are still pushing for a collective sale but they face a tough market in which such transactions have almost completely dried up. Just one small deal has been sealed so far this year, dramatically down from about … Read more
