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Posts Tagged ‘singapore economy’

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

by OP-Mall on Tuesday, July 14th, 2009 in Singapore Property

singapore-city

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.

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‘Moderate’ Housing Downturn Expected in Singapore

by OP-Mall on Wednesday, August 20th, 2008 in Singapore Property

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.

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Singapore’s Prime Condos Heading For Gentle Decline

by OP-Mall on Tuesday, June 17th, 2008 in Singapore Property

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.

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