SINGAPORE: Forecast of higher investment yields are driving demand and prices of industrial properties. The strong economic growth ever since the rebound from the US debt crisis in 2008 has produced a lot of additional economic activity. This has improved demand concerning industrial space in Singapore in the last two years. Most recent data from […]
Market Analyst Claims Prices Of Industrial Property Not Sustainable
July 15th, 2012 · No Comments
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Singapore developersâ tactics over ABSD could lead to intervention
July 3rd, 2012 · No Comments
In an action to surge Singapore’s property sales a number of Singapore property developers are reimbursing the destructive additional buyer’s stamp duty (ABSD). Being introduced by the government in late 2011, ABSD was introduced to suppress Singapore’s residential property market. This has caused many eyebrows raising particularly on the part of regulators and may have […]
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House Rentals To Increase Around The World
June 11th, 2012 · No Comments
Rental values in the global residential property market are edging up fast, as demand from local and international corporate tenants’ increases swiftly, noted Savills, a London-based consultancy. Based on the Savills World Class Cities Index, the average rental increase in the second half of 2011 hit 2.3 percent, with Paris occupying the top position as […]
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Accessibility rules for older buildings may get a boost
May 27th, 2012 · No Comments
As nearly all public buildings in Singapore property have attained some level of basic accessibility, and virtually nine in 10 buildings near Orchard Road now offer some accessibility features, the government is not ruling out legislation to provide already existing buildings constructed prior 1990 an added momentum to meet basic accessibility requirements. ‘We probably […]
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More Numbers of Second-time Home Buyers Opting For EC
May 16th, 2012 · No Comments
It seems that more second-time applicants are opting for executive condominiums (ECs). This is according to a Singapore property developers. This is because the pool of first-time flat buyers is decreasing by reason of a recently-ramped up supply of Build-to-Order flats. Prices of the 728 units at a new EC in Punggol – Twin Waterfalls […]
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Kheng Leong tops bids for Fernvale EC site
May 7th, 2012 · No Comments
A 99-year leasehold executive condominium site at Fernvale Lane yesterday drew a top bid of $245 million, or $295.60 per square foot per plot ratio (psf ppr). The top bid, which was placed by Peak Living, a subsidiary of Kheng Leong Group, defeated three others. The second highest offer of $290.03 psf ppr was […]
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A Downturn In International Property Sales Hits Singapore
May 7th, 2012 · No Comments
A number of developers and overseas property buyers have pulled out of Singapore owing to the implementation of new regulations introduced by the government. Overseas property professional has reported that international sales have fall down by 78 per cent in the first quarter of this year. The remarkable downturn in homes sales sold to overseas […]
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January retail sales up 1.7%, beating forecast
May 5th, 2012 · No Comments
A BETTER-THAN-EXPECTED showing for retail sales in January, buoyed by stronger influx of tourist, reveals a recovery in consumer confidence locally and overseas. The best ever growth of inbound tourists in five months helped encourage the sale of luxury goods, while the momentum of recovery in retail sales was aided by a strong showing […]
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Condo Launches In Singapore Property Made A Good Start
April 21st, 2012 · No Comments
Contrary to the industry-wide understanding that buyers do not look for homes during the Chinese New Year, what happened in the past week only proved such misconception as false. Condominium launches over the past weekend were busy with activity. Watertown in Punggol Central, to mention a few, was able to sell 224 units. This was […]
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GLP reports 3.4% on-year rise on Q3 net profit
April 13th, 2012 · No Comments
Global Logistic Properties (GLP) declares that its third quarter net profit increases by 3.4 per cent year-on-year to US$86.3 million. This was brought about by higher revenue contribution derive from its new properties situated in China. Revenue for the quarter ended Dec 31 escalated by 18.8 percent to US$144.7 million from the previous year. GLP, […]
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