Size of the DPS behemoth
10,450 sold & uncompleted private homes under the DPS now; analysts worried about those getting TOP in 2010-11 SOME 10,450 sold and uncompleted private homes are now under the deferred payment scheme (DPS), according to official data released yesterday. Of the amount, close to half – 4,560 units – will be completed in 2009, while … Read more
10,450 deferred payment homes weigh on prices
Cash-strapped buyers may sell low if they can’t get sufficient loans PRICES in the the already fragile property market could be battered even more from next year if some of the 10,450 homes bought on deferred payment are dumped by cash-strapped buyers. The danger is that when final payments are due at completion stage, buyers … Read more
Bleak times ahead for region’s building sector
Report sees value of projects shrinking but analysts say situation here will be better THE construction sector in South-east Asia and Hong Kong faces bleak times next year, a new report by information provider BCI Asia has found. The value of projects under construction in the region would contract by at least 16 per cent … Read more
Changi Business Park to see new project
A JOINT venture between Ascendas Land (Singapore) and Frasers Centrepoint has won a tender for a development in Changi Business Park including shops and a hotel, the second such project in Singapore. The joint venture – known as Ascendas Frasers – had put in a bid of $115.8 million for the 4.7ha site, next to … Read more
D-day for homebuyers
7,100 units ready in next two years, buyers may face difficulties: Analysts JUST how vulnerable is Singapore’s :souring economy to a wave of defaults from private home buyers who had made use of the popular Deferred Payment Scheme (DPS)? It’s a question that continues to split analysts, even as the Urban Redevelopment Authority (URA) on … Read more
Frasers, Ascendas to invest $500m in Changi Biz Park
Their JV plan is to build an integrated retail, hotel and business park on the 60-year leasehold plot, which they paid $150.8m for A JOINT venture between Frasers Centrepoint and Ascendas will invest about $500 million building an integrated retail, hotel and business park project next to Expo MRT Station and within Changi Business Park … Read more
Big drop in building activity
THE value of projects under construction in Singapore is expected to be slashed next year, with the biggest impact to be felt in the central business district. The value of construction activity in Singapore is likely to fall 32 per cent to US$17 billion ($24.6 billion) next year from US$25 billion this year, said BCI … Read more
Projects in the works will see value shrink
Drop of 20-30% in 2009 partly due to halted residential developments THE value of projects under construction in Singapore could fall by 20-30 per cent to some $17 billion in 2009. And according to construction information services provider BCI Asia, about 45 new residential developments in various stages of design and development have been put … Read more
