Over the past year, we have heard “news” about how the market is slowing down, and how interested buyers should buy a place now to enjoy a steal while they still can. Exactly how true is this? Should interested buyers be considering getting back into the market soon? Or would they be better off employing a wait-and-see attitude for now.
The results of the Housing Board’s latest Build-To-Order (BTO) sales exercise, which closed on Monday (30 May), show that buyers still favour flats in mature estates, reported Channel NewsAsia. This trend was particularly evident in the mature towns of Ang Mo Kio and Bedok, where BTO flats were offered for the first time in three years.
It seems that mature estates in Singapore are still highly sought after by new home buyers across both private and public residential homes. In the private Singapore property market, Gem Residences located in the mature estate of Toa Payoh clocked positive sales last weekend with 315 units out of the 578 units available sold, of which 300 of the transactions happened during the VIP sales on Friday. The units were sold at an average price of $1,426 per square foot (psf).
enant demand for commercial space fell at its fastest pace since the global financial crisis in 2009, as Singapore’s economic growth continues to slow, said the Royal Institution of Chartered Surveyors (RICS) on Tuesday.
The sharp decline in occupier demand has taken its toll on investment activity as foreign buyers increasingly look beyond Singapore for better returns, said RICS in a survey report released on Tuesday (May 3).
According to its first quarter Global Cities Commercial Property Monitor, chartered surveyors anticipate a further drop in capital values and rents over the coming year against the weak economic outlook. Continue reading “Chartered surveyors see more gloom ahead for Singapore commercial property market”
Temasek Holdings has been named the most important land firm in Singapore, with total assets underneath management at US$39.9 billion, consistent with the newest Estates Gazette ranking, that force along the world’s prime one hundred investors.
The state-linked fund overtook the sovereign wealth fund GIC, last year’s prime entertainer, for the quantity one spot. Temasek has stakes in major native and regional players like CapitaLand, M+S, Mapletree and Pulau Indah Ventures.
CapitaLand took second place with US$33.3 billion of assets, followed by GIC with US$22.4 billion, world supply Properties (US$16.7 billion) and town Developments restricted (US$14.9 billion). All 5 firms have a combined plus worth of a humongous US$127.2 billion. Continue reading “Temasek overtakes GIC as Singapore’s biggest property firm”