Philip Chua Business Blog

Posts Tagged ‘boom’

FINANCE Minister Tharman Shanmugaratnam yesterday said the government will use every tool at its disposal ‘in a calibrated fashion’ to prevent boom and bust in the property market. One day after the Monetary Authority of Singapore served notice of further action to cool the housing market if needed, in the face of growing speculation risks, Mr Tharman spoke about the need to manage the property cy… more

AP – A House panel is investigating the role of mortgage lenders in the financial crisis and is seeking information from some of the biggest U.S. companies to determine if they used deceptive practices to lure borrowers into the housing boom.

(SINGAPORE) While the jury is still out on whether the recovery we are seeing today will be ‘V’ or a ‘W’ shaped, investors are becoming as euphoric as they were during the height of the stock market boom in the third quarter of 2007 – which is worrying some market observers.
Last week, International Netherlands Group (ING), a global financial institution based in Netherlands, released its ING Inve… more

THE property boom is fast spreading to the upper reaches of the market, with more people buying premium-priced homes, according to data from property consultancy DTZ.

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WHO THE BUYERS ARE

The firm’s analysis of caveats lodged shows that 22 per cent of total private … more

THE current recession-defying surge in home sales is being driven by pent-up demand from local buyers with enough savings to swoop on lower-priced units and a determination to invest or upgrade.
These buyers are not acting on impulse but have been saving up for years.

Another key factor is the fear of missing the boat ahead of another property boom, The Straits Times has found after speaking to … more

PROPERTY consultancy firm Credo Real Estate expects collective sales to resurface this year or next, but not with the same intensity as in the boom years of 2006 and 2007.
Some 5-10 collective sales may happen this year, said Credo’s managing director Karamjit Singh. But they will probably involve small to mid-sized sites, as these tend to reach the market faster, he added.
This week, 72-unit Drag… more

China’s economic growth accelerated amid a stimulus-fueled investment boom, boosting hopes the world’s third-largest economy is emerging from the global downturn.

(SINGAPORE) The buying frenzy in Singapore’s property market has now eclipsed even the dizzy heights of the last property boom. Developer sales of new private homes in June hit 1,825 units – topping the previous peak of 1,723 units homes sold in August 2007 at the property market peak.
But analysts are unsure if the buying momentum can continue for much longer.
June marks the fifth straight mont… more

IT WAS another electrifying month for the private home market, with sales last month surpassing even levels seen at the height of the boom two years ago.

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TOP SELLERS IN JUNE

The recession-defying numbers for yet another month point to surging confidence among buyers and sellers, and signal that the wor… more

IF THE current recession seems less painful than previous downturns, part of the reason could be that Singaporeans are richer this time around.

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HOUSEHOLD WEALTH

While consumers in the United States and Europe spent with abandon and piled up loans in the boom years, Singaporeans saved, invested and paid… more