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…

Sayonara Shoeboxes?

By Mr. Propwise On September 4th, 2012 the URA announced new guidelines that will effectively curb the future development of shoebox units, typically units smaller than 500 square feet, in suburban areas. Effective November 4th, 2012, the total number of homes that can be built for non-landed private residential developments outside the Central Area will…