Thanks to Bernard’s post that led me to the below article. Singapore developers bunker down: “This is the start of a multi-year price correction. Private residential property prices could easily fall by up to 30 per cent by 2010,” says Barclays Capital economist Leong Wai Ho. Credit Suisse in a report this month saw rents [...]
Archive for the ‘Real Estate’ Category
25 May
Home prices to drop in Singapore
This article makes me happy. From the May 21 Straits Times: Banks see plunge in home prices in next two years New homes, rising vacancy rates, unsold condos and fewer rental deals cited as reasons By Fiona Chan, Property Reporter ST GRAPHICS ILLUSTRATION: ISTOCKPHOTO THE slowdown in the Singapore housing market has prompted two banks [...]
24 Feb
Condo-flippers getting antsy?
I hope property prices plunge. Yes, I’m selfish that way. From today’s Straits Times: Bought last year Stuck this year Speculators paying the price of market cooldown as offers slow to a trickle By Fiona Chan, Property Reporter “BUSINESSMAN Alan Lim is a seasoned property investor, so he knows the value of not losing his [...]
27 Sep
Private home rents jump by 8% to 10%
From Straits Times – September 27, 2007: “RENTS of private homes continued to rise strongly between July and September. They jumped 8 per cent to 10 per cent islandwide over the previous three months, estimated property consultancy Knight Frank. This was on top of a record 10.4 per cent growth in the second quarter, added [...]
24 Sep
More reasons to rent instead of buy a house
“When you rent, most people mistakenly assume the decision is made out of necessity, not rationality. But there is a very good reason to rent in today’s bubble-stricken market: median incomes do not support median home prices.” Read more…
23 Sep
Boom time Malaysia
Perhaps I should really think about buying in Malaysia instead of Singapore. Prices there sound dirt-cheap compared to Singapore. Plus freehold… Of course if I’m going to buy in Malaysia, I might as well explore what Philippines and other countries around the region have to offer. From Straits Times, September 23, 2007: “Buying into booming [...]
23 Sep
Buy property in Langkawi?
Hmm… I was at the seminar where there was a presentation on how attractive it is to buy land in Malaysia – especially in Langkawi. But… Langkawi is already pretty developed… and the presentation was done by a high-end property developer who is constructing luxury homes on Langkawi. From Straits Times, September 23: “Langkawi – [...]
19 Sep
Jump in new home sales
From Straits Times, September 18: “Surprising jump in new home sales last month Private property sales up 25%; most were less pricey ones away from central area By Fiona Chan, Property Reporter SALES of new private property homes made a surprising jump last month, despite August being a traditionally slow month for property deals. Home [...]
15 Sep
S’pore housing market heads for correction
From September 14, 2007 Straits Times: “Private home prices, which have surged to decade highs in the past 40 months, are holding for now, but analysts say the market is increasingly vulnerable to a sudden downturn in sentiment. — PHOTO: BT SINGAPORE’S housing market – which has seen prices skyrocket amid frenzied buying – is [...]
7 Aug
Singapore rental hikes force 20% rise in expats’ allowance
From Straits Times - August 6, 2007: “Prime apartment rentals jump by 36%; concerns over business costs By Josephine Tay THE soaring property market and supply crunch has forced employers to raise the housing allowances for expatriates by as much as 20 per cent. Average apartment rentals in the prime districts of 9, 10 and 11 [...]
