S’pore home prices make 2nd highest jump globally
Bulgaria, with 33.7% surge, tops world index, beating S’pore’s 31.3% rise THE average price of private housing in Singapore surged 31.3 per cent between Q4 2006 and Q4 2007 – the second-biggest jump in a world index topped by Bulgaria at 33.7 per cent. Knight Frank tracks average prices worldwide via its Global House Index, … Read more
Home leases stagnant for 2 years, still looking soft
Foreigners could be switching from leasing to buying property, says Savills Singapore Residential leasing transactions have stagnated in the past two years after falling from a recent high of 33,874 in 2005. According to an analysis of Urban Redevelopment Authority data by Savills Singapore, transactions were about 15 per cent lower at 28,928 in 2006 … Read more
S’pore Grade A office rents continue to rise in Q1
8.4% surge driven by banks with eye on private wealth management in Asia OFFICE rents in Singapore continued to power ahead in the first quarter of this year, despite a slowdown in the US economy and possible fallout for Asia. According to a Jones Lang LaSalle (JLL) report, the CBD core Grade A gross effective … Read more
Growth seen in Asia office rentals in ‘08
But analysts say some cities, including S’pore, may see slowing rental growth, reports UMA SHANKARI BUOYED by limited office supply in some cities and high GDP growth, all major office markets in Asia are expected to see rental growths in 2008, but the pace of growth will vary from city to city, property analysts say. … Read more
Tulip Garden sale off? How the deal went
Condo owners likely to call off $516m en bloc deal after developer misses payment deadline THE $516 million collective sale of Tulip Garden condominium near Holland Road seems to be dead in the water after the developer missed a payment deadline yesterday. The condo owners appear poised to formally call off the deal and pocket … Read more
Tulip Garden en bloc may be called off
Buyer Bravo will ‘accept costly missed opportunity’ if it’s not granted payment extensions The owners of Tulip Garden met over the weekend and BT understands that most of them have taken the view to rescind the $516 million collective sale to an associate company of Bravo Building Construction – if the second 5 per cent … Read more
Simei site for condo-like HDB flats
MORE condo-style Housing Board flats will soon be offered to home buyers looking to live in Singapore’s east side. The HDB yesterday released a plum 181,108 sq ft site in Simei Road for tender – the fifth under its Design, Build and Sell Scheme (DBSS), which is open to private developers. The 99-year site has … Read more
HDB launches fifth DBSS site at Simei
THE Housing and Development Board (HDB) has launched a fifth Design, Build and Sell Scheme (DBSS) site at Simei Road for sale. According to Nicholas Mak, director of consultancy and research at Knight Frank, the site may fetch between $49 million and $76 million, or $130 to $200 per square foot per plot ratio (psf … Read more
Don’t blame ‘house lust’ for US property funk
DID McMansion fever cause the US housing bust? Now that the home crisis finger-pointing season is in full swing, it’s a good time to take a look at how ‘house lust’, as author Daniel McGinn calls it, affected the property market. McGinn, who recently published a book on the topic, points to a convergence of … Read more
US dollar rebounds despite weak data
The dollar rebounded in Asian trade yesterday as some traders looked beyond recent gloomy US data, betting on a recovery in the world’s largest economy later in the year, dealers said. The dollar stood at 102.44 yen in Tokyo afternoon trade, up from 101.45 yen in New York on Friday. The euro slipped to US$1.5668 … Read more
