Home prices hold their own, but just barely
Analysts expect at least one quarterly dip this year Despite the quieter market, home prices continued to edge up in the first quarter, although at a slower pace, latest flash estimates show. The quarter-on-quarter rate of increase in the Urban Redevelopment Authority’s price index for private homes decelerated to 4.2 per cent in Q1 this … Read more
Singapore home prices slow after record year
SINGAPORE private home prices rose at the slowest in more than a year in the first quarter of this year, reflecting a general slow down in the property market. Prices of private homes gained 4.2 per cent in the first three months, after rising 6.8 per cent in the previous quarter, according to early quarterly … Read more
World Bank forecasts trying times for Asian economies in 2008
Developing economies in East Asia, including Indonesia, Malaysia and Thailand, will grow at their slowest pace in six years in 2008, according to the latest forecast from the World Bank. It said growth is being dragged down by the US sub-prime mortgage crisis and a drop in exports to the US. The World Bank also … Read more
Property market may stay quiet for up to a year
Home prices, sales could remain weak as US sub-prime concerns linger A MONTH ago, property consultants were predicting that the cooling market would pick up after June. That optimism has fast drained away. Consultants now expect home prices and sales to remain weak for up to a year from now, after official estimates yesterday confirmed … Read more
Home prices growing, but less sharply
HOME seekers waiting for property prices to fall in a sluggish market were disappointed by numbers released yesterday. Government estimates showed that the prices of private and Housing Board homes continued to rise in the first three months of the year to near their 1996 peaks. But growth was markedly lower than before and is … Read more
Upper Boon Keng, Ang Mo Kio hawker centres closed for upgrading
Two markets and hawker centres will enjoy a new lease of life under the National Environment Agency’s Hawker Centres Upgrading Programme (HUP). Artist’s impression of the upgraded hawker centre at Block 160 & Block 162 of Ang Mo Kio Avenue 4 Located at Block 160 and Block 162 of Ang Mo Kio Avenue 4, and … Read more
CCT to sell S$280m worth of 5-year convertible bonds
CapitaCommercial Trust (CCT) is planning to sell S$280 million worth of five-year convertible bonds. The bonds are being targeted at mainly institutional investors. CCT said it could issue more convertible bonds to raise another S$90 million. This will take the total amount raised to S$370 million. The Trust said it could also pay cash in … Read more
Flatted factory rents boosted by office space crunch too
BUSINESS park space is not the only industrial sector benefiting from the spillover effects of the office space crunch. According to a report by Colliers International, the light industrial factory segment is also beginning to experience some of this spillover effect. Monthly gross rents of prime conventional flatted factories in central Singapore for Q108 increased … Read more
Less office space for release in H1
SLA expects to offer only 34,200 sq m in GFA, down 20% from H1 last year THE Singapore Land Authority (SLA) expects to release 34,200 square metres (368,125 square feet) in gross floor area (GFA) for office use in the first half of 2008. This is about 20 per cent less than the 43,000 sq … Read more
More temp office space on offer soon
More than 360,000 sq ft at Badminton Hall area in Guillemard to be released IN A bid to help alleviate an office space crunch, the Singapore Land Authority (SLA) hopes to release another 368,000 square feet in gross floor area for temporary conversion by the middle of the year. But that is still 20 per … Read more
