Philip Chua Business Blog

Posts Tagged ‘property’

(SINGAPORE) DEVELOPERS will be bringing forward their property launches over the next few months to satisfy strong demand from homebuyers, said Real Estate Developers’ Association of Singapore (Redas) president Simon Cheong yesterday.
But Mr Cheong, who was speaking at Redas’ spring festival lunch, warned that many developers are now facing depleting land banks following brisk home sales in recent… more

IF YOU are betting on the local market today, chances are you will be leaning towards the bears.
After all, with a negative Friday close on Wall Street, a market holiday today in the US and lingering concerns over an overheating property market in China, there seems little reason to hope for a positive session here, or across the region.

The Dow Jones tumbled 100.9 points to 10,609.65 last Frida… more

INVESTORS showed they were determined to end on a high note in what has been a wild year by sending the market to a 16-month high yesterday.
Banks and property counters were the stars on the last full day of business as traders dressed up their prices for one last final time.
It all helped to send the Straits Times Index (STI) up 10 points to 2,879.76, bringing the total gains for the year to 63.5… more

SINGAPORE) SINGAPORE’S rich are among the most optimistic of investors when it comes to property investments, and are planning to raise their exposure to the asset class in the next two years, a new study shows.

The study, by Barclays Wealth and the Economist Intelligence Unit, found that 53 per cent of high net worth inves… more

A PROPOSAL to ban property agents from representing both the seller and buyer in the same transaction has generated strong public interest – with many giving the idea the thumbs up.
This practice, widespread in the HDB resale market, leaves the agent with a clear conflict of interest.
But there is likely to be resistance from some agents who stand to lose commissions if it is implemented.

The pr… 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) Inflation is now expected to be higher in 2010, as a result of increased Housing and Development Board property values.
The government has revised its consumer price index (CPI) inflation forecast to between 2.5 and 3.5 per cent, from a one to 2 per cent range previously.
This is to account for the Inland Revenue Authority of Singapore’s recent revision of annual values of HDB properti… more

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

SM wants distinctive S’pore with affordable property
Even as it competes with the best, it must not price itself out of the market

By EMILYN YAP

SINGAPORE) Senior Minister Goh Chok Tong yesterday painted his vision of Singapore as a vibrant, green and harmonious city for the next 25 years. He also underlined the importance of keeping property prices reasonable to achieve this dream.

Rents f… more

(SINGAPORE) The Asian real estate investment market continued to gain momentum in the recent third quarter, as capital values generally stabilised and sentiment improved.
Direct real estate investment in Asia jumped 25 per cent quarter-on-quarter to an estimated US$9.1 billion, according to a report by CB Richard Ellis (CBRE).
The property firm also said in a separate note that the Asian office ma… more