Asian property funds sitting on $10bn unspent capital
Asian property funds are sitting on more than $10bn of unspent capital in expectation of a sharper downturn in the region’s real estate market. Some, however, are braced for what one senior executive described as “a race against time – we do have a clear timetable to spend this and can only hope the market … Read more
Good time to buy an exec condo?
An executive condominium (EC) unit in Bishan was sold for a hefty $940,000 to a local buyer late last month. At $699 per sq ft (psf), the price of the 99-year leasehold 1,346 sq ft unit was comparable to that of some private apartments. ‘The buyer, a permanent resident, bought it after the Lehman Brothers … Read more
Highest and costliest
As befits its name, The Pinnacle@Duxton will be Singapore’s highest public housing block. At present, that title is shared by 40-storey blocks in Toa Payoh and Queenstown. The project, with 1,848 flats, has also hit another high – a unit on the 49th storey is going for $645,800, making it Singapore’s costliest new public flat. … Read more
Fewer expats
Moving firms say more are seeking their services to relocate out of S’pore Call it down and out of Singapore. Amid leaner economic times, companies here are cutting costs and one option is to reduce the number of expatriates. At least one employer – Fortis Bank – has asked some of its foreign staff to … Read more
