When a Property Billionaire Turns Bearish

By Mr. Propwise It is a rare occasion when a billionaire property developer talks the market down. Kwek Leng Beng, Chairman of City Developments Limited (CDL), a leading real estate developer in Singapore, did just that recently when he called buying land in Singapore at today’s prices “suicidal” and predicated an up to 5 percent…

Singapore Property News This Week #65

Residential Shan Gate apartments up for collective sale The 27-unit 10-storey residential development located along Shan Road near the Novena Medical Hub and the Novena MRT Station is asking for $51.5-53.5 million or $1,010-1,049 psf ppr excluding balcony allowance, or $918-953 psf ppr if included, based on a 2.8 gross plot ratio on the 18,305…

Singapore Property News This Week #43

Residential Decline in property investment sales There has been a decline in property investment sales in Q1 2012 to $3.4 billion as of March 12, though the final figure could potentially reach $3.8 billion. The figure thus far is a 57% fall from Q4 2011’s $7.7 billion and a 60% fall from Q1 2011’s $8.4…

Singapore Property Market Outlook for 2012 and 2013

By Dennis Ng (guest contributor) In 2011, buyers from China are the biggest group of foreign property buyers in Singapore. But if you are counting on foreigners to continue buying properties in Singapore in 2012 and 2013, I am afraid to say that you may be disappointed. The following factors are worthy of our consideration when…

Singapore Property News This Week #29

Residential Savills: Less high-end residential transactions, but more non-PR purchase In a study by Savills Singapore, there have been fewer transactions in the market for high-end homes, but the proportion of non-permanent residents foreigners who bought such properties have increased. From January to November this year, there were1,285 caveats lodged for apartments and condos priced…

Singapore Property News This Week #27

Residential Sale prices at a new high for The Marq on Patterson Hill The freehold project which consists of two 24-storey towers with a total of 66 units kept breaking record prices since May this year. In May, a 3,003-sq-ft, four-bedroom apartment in the Premier Tower in The Marq on Patterson Hill sold for a…

Singapore Property – Top 5 News Stories This Week #15

Here’s issue #15 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru). 1. Higher prices for landed homes in Q3 Landed home prices in Singapore grew at a faster pace than those of non-landed homes in the third quarter of this year, according to DTZ Research.  2. HDB…