Transaction volume in key markets across Asia declined by 24 percent, year-on-year, in the third quarter this year, signaling that some property investors could be interested in other overseas markets.
Certain markets around the world react to regulations that affect property prices in their respective domestic markets.
Lower prices have boosted Singapore’s private home sales in September with the Urban Redevelopment Authority and housing developer PropNex reporting that there were 648 new units sold, an increase of 48.3 percent from 432 units in August.
Several executive condominiums (EC) in Singapore are opening their online applications following almost a year of no new sales launches due to revised government regulations.
An array of foreign investments is currently driving real estate momentum across Asia-Pacific.
Price growth in Malaysia’s housing market grew by 8 percent in the year to June 2014, according to global property consultancy Knight Frank.
Land prices in certain Southeast Asian markets witnessed substantial growth, with Bangkok registering the largest growth in residential land index, according to research by Knight Frank.
Real estate insiders in Singapore are predicting the return of residential property launches in the country after a long hiatus.
Due to curbing measures in Singapore to cool down the property market, City Developments Ltd is mulling over investments in international markets by year-end.
Some top-tier cities in the Asia-Pacific region are not planning to ease restrictions in the residential property market any time soon, according to industry experts.
Home prices in Singapore fell by 1.1 percent in the second quarter of this year, continuing the trend since Q4 2013, based on preliminary data released by the Urban Redevelopment Authority (URA).
The Monetary Authority of Singapore (MAS) has cautioned Singaporeans on investing in foreign properties after seeing a spike in overseas investments in the last 18 months.
The Singaporean government’s introduction of property market cooling measures, primarily the additional buyer’s stamp duty (ABSD), had a noticeable impact on the Lion State’s luxury market in 2013, according the Urban Redevelopment Authority (URA).
Kismis Lodge, a landed residential development in Singapore, has been successfully sold to Newfort Alliance (Cairnhill) Pte Ltd. Kismis Lodge is situated at Lorong Kismis within the landed housing estates of Upper Bukit Timah. This sale marks the third collective deal done this year by sale brokers, property consultancy firm Jones Lang LaSalle. Kismis Lodge [...]
In the 10 days since its launch, over 82 percent of units released at the Urban Vista residential project in Singapore have been snapped up by buyers. In total, 330 out of 400 units were sold to buyers. According to information released by Bayfront Realty Pte Ltd, Urban Vista received positive customer feedback, with some [...]
Since its launch last Friday, 80 percent of units at the Urban Vista development in Singapore have been snapped up by buyers. Out of 310 units released last week by Bayfront Realty Pte Ltd, 250 were sold during the three day launch period. Unit prices ranged from S$1,400 (US$1,120) to S$1,550 (US$1,240) per sqf. Bayfront [...]
by Jaya Prakash It may not have been the perfect appellation, but a house of cards is what it is shaping up to be as Singapore’s property market scurries to get a sense of balance. The trade dependent nation and Asia’s financial powerhouse has been something of a tease since the onset of the financial crisis [...]
Property prices in Singapore still have “some ways to go” before they reach an acceptable level, according to Tharman Shanmugaratnam, Singapore’s deputy prime minister and finance minister. Singapore’s property is now in a wrong part of the cycle, according to Tharman, and prices would become acceptable through a combination of income improvement, reported channelnewsasia. “Some [...]
Transaction volume in Singapore’s property market is expected to decline following the introduction of January’s cooling measures, according to a recent report by property advisory firm DTZ. The primary market may be less affected by the latest measures than buyers of public housing, due to the extra incentives and discounts offered by developers. DTZ predicted [...]
Property developers in Singapore are anxious as government cooling measures introduced last month begin to take effect, according to the Real Estate Developers’ Association of Singapore (REDAS). REDAS president, Chia Boon Kuah, said that property developers are continuing to take part in land bids which make up their main course of development content, reported channelnewsasia. [...]