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One is a 30-year-old town with a bustling shopping centre and transport hub, while the other is an up-and-coming estate which, when built, will have an underground bus interchange, and a park with a lake and cycling paths.
Housing estates Bishan and Bidadari are often compared with each other, with many property agents and investors touting the latter as the "new Bishan".
SINGAPORE — Marriott International, which on Monday secured antitrust approval from the European Union to acquire Starwood in a merger transaction, is scouting for the “right partner, property and place” in the Republic to launch at least another five of its 19 hotel brands here.
“Occupancies and room rates are still high in Singapore … We would like to have Renaissance, Courtyard, Fairfield, Moxy and Bvlgari in Singapore. It is about finding the right location for these brands, the perfect product which means the property and the right partner,” said Mr Craig S Smith, president and managing director of Marriott International in Asia Pacific to TODAY at the sidelines of a press conference to introduce two of the group’s brands into Singapore.
SINGAPORE: The Government has increased the supply of land for private housing sites amid rising demand from home buyers, the Ministry of National Development (MND) said on Thursday (Jun 29).
Sixteen land sites, comprising six confirmed sites and 10 on the reserve list, were released for sale under the second half of the Government Land Sales (GLS) programme for 2017.
Properties have life cycles, just like us. We know that property prices are largely driven by demand and supply. Today as we examine the correlation between the price and age of a property, we exclude external influences like demand, supply, inflation, immigration policies, infrastructure changes, etc.
Let’s look at the profile of a typical 99-year leasehold or freehold condominium since it forms the majority of private residential properties in Singapore.
EVER since the marketing of OUE Twin Peaks was refreshed by the deferred payment scheme in late first quarter 2016, the high end non-landed segment of the private residential property market sprung back to life. Initially treated with scepticism, the overwhelming acceptance of this payment plan ultimately surprised even seasoned marketing professionals. The success of this scheme was subsequently modified in parts by other developers in the Core Central Region (CCR) and they too were met with good response by the market.
SINGAPORE has been a major trading nation despite having no significant natural resources of its own. From its early days as an outpost of the Sumatran Srivijaya Empire ("Temasek" or "seatown") to becoming a major port of call between Europe and East Asia for ships plying their trade in the 1800s, its excellent harbour, the free trade status conferred on it by its founder, Stamford Raffles, and the development of rubber planting had set the course for Singapore to become a major export-import centre.
We could see prices bottoming by year-end or early next year if sales volumes continue to strengthen
The strong bids for the Toh Tuck Road site on April 11 and high developers’ sales numbers unveiled by URA on April 17 are more signs that the Singapore residential market may be turning the corner, says JLL.
According to JLL, signs of recovery began last year with the luxury residential sector when prices bottomed out in 3Q2016. Based on its basket of luxury properties, JLL says prices of luxury properties fell 18.3% in 3Q2016 from their peak in 2013.
Surveys show Singaporeans are expecting a further bout of low inflation in 2016. The expectations follow on the back of a long period of falling consumer prices, with last July marking 21 consecutive months of negative inflation.
What does this mean, and why is the low inflation rate in Singapore a problem?
Recently, Urban Redevelopment Authority (URA) has released 1Q2016 statistics and it clearly shows that our property market is still weak and can potentially see further price correction, in consumer’s favour.
The prolonged price struggle between property developers and consumers has occurred since the introduction of the total debt servicing ratio (TDSR) and developers are growing weary, as the end does not seem to be anywhere near (kudos to the government).
Eight years after the financial crisis, the world is suffering from a debt hangover of unprecedented proportions.
Gross debt in the non-financial sector has more than doubled in nominal terms since the turn of the century, reaching $152 trillion last year, and it’s still rising, the International Monetary Fund said. The figure includes debt held by governments, non-financial firms and households.
The debt level is more than twice the size of the global economy and unprecedented as a proportion of GDP, the Fund says
The International Monetary Fund has urged governments to take action to tackle a record $152tn debt mountain before it triggers a fresh global financial and economic crisis.
Warning that debt levels were not just high but rising, the IMF said it was vital to intervene early in order to mitigate the risks of a repeat of the damaging events that began with the collapse of the US sub-prime housing bubble almost a decade ago.
Globalization is the process in which businesses develop international influence and/or start operating on a global scale across international borders. When globalization occurs, it opens up free markets internationally.
Singapore has been experiencing low inflation rates for quite some time now. Surveys show that July 2016 marked 21 consecutive months for lowering inflation rates and Singapore has recently been experiencing its lowest inflation rate in 30 years. What does this all mean for the economy, businesses, and the average person?
When you think of Singaporean industrial and economic success stories, it is unlikely that aerospace and aviation will be the first things that come to mind. That is something that may well change however as it continues to go from strength the strength, and becomes an ever more important factor in the nation’s future and economy.
SINGAPORE - Resale prices of non-landed private homes in Singapore rose for the fifth straight month to a 2½-year high, according to SRX Property's flash estimates released on Tuesday (April 11).
SRX's private resale index reached 168.8 last month, the highest since September 2014.
The protracted downtrend in Singapore's property market is poised to end next year, with home prices set to double by 2030, Morgan Stanley said in a Wednesday note. "Property market bears expect slower population growth, an ageing population, and a structural growth slowdown to weigh on the long-term property market outlook," the note said. "We disagree and believe home prices will double by 2030."
There are signs that Singapore’s private residential market may have bottomed out in 2016, with the sector recording a higher deal volume, revealed Edmund Tie & Co.
Citing data from the Urban Redevelopment Authority (URA), the property consultancy noted that the combined sales of new and resale private homes increased sharply by 15.5 percent to 16,378 units last year from 14,183 units in 2015. Specifically, transactions in the primary market rose marginally to 7,780 units from 7,703 previously.
1. The Government has continued to review conditions in the residential property market. It has determined that the current set of property market measures remain necessary to promote a sustainable residential property market and financial prudence among households. However, we will make calibrated adjustments to the Seller’s Stamp Duty (SSD) and Total Debt Servicing Ratio (TDSR) framework, with effect from 11 March 2017.
Changi Airport's future Terminal 5 will very likely be served by two new MRT lines, to make it more accessible to travellers and visitors.
A final decision has not been made, but The Straits Times understands that the plan is for both the future Thomson-East Coast Line and Cross Island Line to be linked to the new mega passenger terminal.
When this happens, it is likely that the existing MRT link between Singapore Expo and Changi Airport will cease to operate.
A FIERCE home loans war has broken out between DBS Bank and United Overseas Bank, to the delight of home buyers.
The prize, for now at least, is the prospect of financing the purchase of at least 1,225 homes being offered in the year's first two new-property launches.
Both banks are slugging it out with a zero-per-cent spread under their fixed-deposit home-loan rate (FHR) packages aimed at projects under construction, with no lock-in period and a one-time free conversion for a limited time only.
