Singapore’s property market index and mutant camels
Has anybody seen a mutant camel with three humps? Well, the Private Property Market Index of Singapore looks a bit like that as it registered a 45 percent bust from Q2 of 1996, a 40 percent boom from Q4 of 1998, a 20 percent bust from Q2 of 2000, and a 58 percent rise from Q1 of 2004, with the...
Continue Reading • 14 Sept 2009
Parliament to scrutinise growing property prices
Singapore’s red-hot property market will be put under scrutiny when the Parliament sits in on Monday.Two members of the Parliament, Ms. Jessica Tan of the East Coast GRC and Madam Ho Geok Choo of the West Coast GRC, have presented questions regarding the impact of the rising prices of...
Continue Reading • 14 Sept 2009
High hopes for REIT markets in Asia
According to Anthony Ryan, the head and managing director of JP Morgan’s real estate investment banking, the structure of the real estate investment trust (REIT) still has relevance in the rest of Asia, particularly in Singapore. Mister Ryan expects that over the next two...
Continue Reading • 14 Sept 2009
Home buyers prefer smaller units
In the past few months, smaller housing units have taken the larger slice of home sales. Two-bedder units and studio-type apartments remain the top picks for buyers in several of the latest property launches, implying that home-seekers remain price sensitive. Generally, home purchasers are...
Continue Reading • 14 Sept 2009
Singapore dollar declines in value
More American goods may be able to be purchased in just one Singapore dollar, but it has lesser value compared to other major currencies in other countries. Recently, the New Zealand and Australian currencies hit the highest levels against the Singapore dollar for over a year. Ever since...
Continue Reading • 11 Sept 2009
Fragrance Homes buys land in Sembawang
Fragrance Group continues to stock up its assets by buying land yet again.Fragrance said yesterday that its subsidiary, Fragrance Homes, has purchased a site worth $7.5 million. The plot is located in the Sembawang area, particularly at Kerong Lane.The plot has a total area of 31,464 square feet...
Continue Reading • 11 Sept 2009