Philip Chua Business Blog

Posts Tagged ‘mass market’

(SINGAPORE) The number of new private homes sold in November fell 26 per cent month-on-month to 600 – the fourth straight monthly fall since July’s peak.
November sales were also the lowest since January, when just 108 units were sold.
Analysts say the month by month decline is due to cooling interest among mass-market buyers – typically HDB upgraders – as prices in this segment have climbed since… more

(SINGAPORE) HDB upgraders account for a shrinking share of private home transactions as property prices rise and mass-market launches taper off.

In contrast, private housing dwellers are buying more property as economic sentiment improves, keeping the real estate market afloat.
According to property consultancy DTZ, buyers with HDB addresses picked up 4,0… more

(SINGAPORE) The number of private homes that developers launched and sold in October slowed to their lowest levels since housing sales began their revival in February, according to latest official figures. While the outcome was expected, the big question is how long it will take for home sales to rev up again.
Buyers, especially in the price-sensitive mass-market segment, had begun to be fatigued … more

PROPERTY developers here appear set to sell at least as many new homes this year as in the record year of 2007.
But the total value of these new private homes is on track to be only about half of that two years ago, underlining how different the two property booms have been.
This shift is partly thanks to a dramatic rise in sales of smaller, mass market units, says a new analysis by CBRE Research…. more

(SINGAPORE) The result of yesterday’s tender for a plum condo plot at Dakota Crescent shows just why the government recently raised the ‘definite possibility’ that it will restart confirmed list land sales from next year.
A total of 13 bids were received, reflecting developers’ voracious appetite for mass-market and mid-tier private housing land.
The top bid from UOL Group was above market expecta… more

(SINGAPORE) Even as Urban Redevelopment Authority yesterday launched the tender for a plum 99-year leasehold site for condo development at Dakota Crescent, expectations are running high that developers will trigger the launch of more housing sites from the government’s reserve list in the coming months.
This is against a backdrop of strong sales for mass-market projects, the latest being the Optim… more

ANZ bank will not bother targeting heartlanders here but focus its energies on affluent customers with assets of at least $100,000.
Mr Alex Thursby, ANZ’s chief executive for Asia-Pacific, Europe and America, told a briefing yesterday that it did not have the firepower to take on local banks in the mass market.

‘We have no ability to compete with that segment, frankly, with DBS, OCBC or UOB,’ sa… more

Property experts say there is no shortage of mass market homes for sale in Singapore, referring to properties under $1,000 per sq ft or slightly above it.

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Apart from new launches coming up, there are also unsold units from existing launches.

Thes… more

FOR a mass market product, insurance ranks among the most difficult financial products to understand. To raise the comfort level of consumers, the insurance industry has stepped up its efforts to better inform consumers, but there is still room for improvement.

For instance, policyholders are only now waking up to the fact that the way insurers go about operating the so-called participating (par… more

Reuters – Sportscar maker Porsche conceded a months-long power struggle to mass-market rival Volkswagen by axing its chief executive and said it would raise at least 5 billion euros in equity as the two prepared for a merger.