Philip Chua Business Blog

Posts Tagged ‘property’

CHINESE developers eager for a slice of the red-hot housing pie are nudging their way into Singapore's property scene. Chinese developers bid for at least 10 out of the 15 residential land sites put up for tender in the Government Land Sales (GLS) programme for the first half of this year. They have landed three plots and narrowly missed out with second-place bids on at least two other sites. ... more

HOME buyers and investors keen on getting a cluster house may soon find themselves with an increasingly limited pool of new choices to select from. This is because the number of new cluster-housing launches looks set to fall after this year, following a recent change in Government regulations, say property experts. In the new ruling, which came into effect last February, the Government stipulate... more

· With real estate prices rebounding and new launches selling out, is the Singapore property market overheating again? LAST month, my next-door neighbour dropped by with a requisition to convene an extraordinary general meeting of our condominium. For what else but an en-bloc sale? The dream of some owners and the nightmare of others. The key to real estate prices is affordability. In t... more

BARCLAYS Capital has trimmed its inflation forecast for Singapore for this year to 3 per cent, down from its previous prediction of 4 per cent.
The property market is stabilising and there are no signs of overheating in the economy, said Barclays in its quarterly macro-economic report.
It added that inflation readings had been lower than expected lately, and that this strengthened the case for the… more

IT USED to be that only the sick and the old wrote wills.
But now, the practice of crafting a formal document specifying the individuals who will receive one’s property upon his death is catching on among the younger set, even those yet to hit their 30th birthday. This stems from people in their 20s and 30s pursuing active lifestyles and often travelling to places where epidemics and terrorism are… more

(SINGAPORE) The government yesterday defended its policy of managing price movements in the private housing market and also stood by its method of supplying developers with state land sites.
It was responding to Wednesday’s speech by the president of the Real Estate Developers’ Association of Singapore (Redas), Simon Cheong, who said that the government should allow the private property market her… more