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Archive for the ‘Singapore Property’ Category

Funds Managers No Longer Keen on Singapore Property – Japan is now First Choice

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A recent survey by the Asian Real Estate Association has uncovered a disturbing trend for Singapore investors. It seems that the city’s property has disappeared from the radar screen of most non-listed institutional investors and fund managers.

On-Going Property Price Corrections in the Far East

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Property prices in Hong Kong and Singapore are suffering the most as the ripples from the global financial crisis spread to the Far East.

Following on the heels of the US, UK and Europe, banks have shut off lending as governments strive to tackle falling output and rising unemployment.

Predictions are that the HK and Singapore property markets won’t show any signs of revival for at least a year or even longer.

10 Most Expensive Cities to Own a Home

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Provided you have the spare cash-flow and fancy a spot of sea change, then you might like to invest into a second home somewhere more exciting and away from home. But with investment usually comes cost and lifestyle change and we wonder, if it is really worth it?

Only those who have taken the plunge know this with certainty, for all others you can dream on by looking at the world’s most expensive cities to own a home. Compiled by the guys from Global Property Guide.

Singapore Hit By Recession

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What was previously described as one of the world’s hottest property markets only two years ago has now officially lost its grace according to the latest reports. Singapore property owners have joined the crowd when they lost 5.7 percent value in their homes in the forth quarter last year.

In Singapore – Buy a ‘Property Raffle Ticket’ and You Could Win a Home

lottery-ticket-draw (Photo credits: midnightglory via flickr)

Imagine buying a raffle ticket in a bid to win a property? While this might sound strange to some, it isn’t to the many American property owners who have engaged in this kind of practice to move their properties into new hands.

With the current situation in Singapore where many new developments are expected to hit a very slow market, property raffles might just become the next big thing since the sliced bread.

Property Grand Prix – Singapore

Singapore Skyline F1 Grand Prix

Singapore was definitely this season’s biggest awaited F1 race. It was a race that made history in the racing industry as it was the first ever held night race in Formula 1 and the first street race in Asia. The following is an excerpt from the Singapore GP website.

The inaugural 2008 FORMULA 1™ SingTel Singapore Grand Prix will take place on 28 September 2008 on a street circuit of public roads around the Marina Bay area. The race will be the first held at night in FORMULA 1™ history and is the first street race in Asia.

With a well illuminated race track (1,500 lighting projectors), powered by 12 twin power generators, the race was a visual feast for any Formula 1 buff.

‘Moderate’ Housing Downturn Expected in Singapore

public_housing_singapore.jpg Public Housing in Singapore [Credits - tuis]

Singapore has undergone a huge cosmetic building change over the last couple of years. Since 2005 the building boom has been so active that property prices have risen by 70 percent. In the last year alone, office rent and residential rent also went up by 70 percent. This means Singapore sorts now the highest office rentals in all of Asia.

The construction boom comes with a hefty price though. Markets have slowed down in the last few months, in fact so much so that the overall increase of property prices only reflected a 0.17 percent profit margin in the 2nd quarter of 2008.

Singapore’s Prime Condos Heading For Gentle Decline

A recently released report by global Realtors, Cushman & Wakefield is predicting a fall in prices of apartments and condos in Singapore city’s CCR (Core Central Region). The report further states that it is unlikely to see another peak period within the next four years.

Cushman & Wakefield’s forecasted fall will also depend on the growing economy of Singapore. Expected drops have been estimated at 8% and 17% respectively. The market isn’t expected to recuperate until 2012.

The World’s Most Expensive Office Rent Markets Revisited (2008)

Global economies have been harshly affected by three major factors; soaring food prices all over the world, the disruption in the financial and credit card markets within North America and the massive increase in energy prices for net consumers.

Despite all the impact these events have had on the global economy, the U.S. posted a 0.6% annualized rate of GDP growth in the first quarter this year. Naturally, all these factors affect the office market worldwide. CB Richard Ellis has released their latest report of Global Market Rents that indicates office rents and occupancy costs worldwide. Like last year, London’s East End is topping the list once again for being the most expensive markets.

Singapore Leads Asian Property Boom

While global investors worry about the United States subprime crisis, the mounting capital outflow from the US to Asia is pumping up certain Asian property markets. One in particular, Singapore, has seen rents for private residential units rise by 31.2% from the middle of 2006 to 2007, and rental rates for prime office space occupied largely by foreign companies has risen 13.9% in the second quarter of 2007, reaching an average of S$10.33 (US$6.84) per square foot.