Singapore luxury home market facing a changing landscape

Foreign investors continue to change the landscape of the luxury property market in Singapore. According to Cushman and Wakefield’s analysis of URA caveats lodged, Indonesians and mainland Chinese formed the majority in the upmarket segment this year, followed by Malaysians, Indians and the British. “Singapore is seen by many foreign investors to be a safe
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Singapore’s property demand won’t slow, CapitaLand says

The government’s cooling measures will not slow the demand for residential properties in Singapore, according to Wong Heang Fine, CEO of CapitaLand Residential Singapore. He noted that prices will keep rising this year, though at a moderate pace. He also said that high liquidity and continuing low interest rates will support demand. Rental rates for
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Private homes, EC sales slide 16%

Sales of private homes slipped to 1,638 units in August, down 16 percent from a month earlier. Excluding executive condominiums (ECs), the total number of homes transacted in August totalled 1,348, a decrease of three percent from 1,386 in July. The decline in sales volumes was primarily attributed to the fall in sales for ECs.
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Revised income ceiling policy to apply to all EC projects

Following last month’s announcement by the Ministry of National Development (MND) regarding the revised income ceiling for executive condominiums (ECs), the ministry has received numerous appeals to apply the new policy to all EC projects, regardless of their launch date for public sale. “On 15 August 2011, we raised the monthly income ceiling to purchase
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Housing prices expected to drop, say analysts

Home prices in Singapore are expected to drop between eight and 10 percent over the next year, as government measures work their way into the property market despite a worsening global economy, said brokerage firm UOB Kay Hian. It pinpointed the weakening macroeconomic environment and the huge upcoming supply of housing as the key factor.
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CEA to get tougher on rogue property agents

Nearly 100 “letters of advice” have been issued by the Council for Estate Agencies (CEA) to errant property companies and agents within the first year of its operations. Launched in October 2010, CEA was established by the government to raise the professionalism of the property agency industry in Singapore. “We have started on a lighter
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REDAS calls for indepth review of property cooling measures

With fears that global economic woes could weaken the real estate market, several property developers in Singapore are calling for a review of the cooling measures. “We are just signalling that in the coming months, it may be a good time to look at what is happening in the world and what is happening in
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Apartment Makeover

Do you own a new apartment, or just want to revamp your bedroom? Well, PropertyGuru, Singapore’s leading property website has some useful tips to give your home a fresh new look, with nifty ideas for your living area and bedrooms. Create a Theme The theme or mood in an apartment is important as it creates
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The Arc at Tampines seen as most successful EC project in recent times

A Hoi Hup led-consortium sold 220 units at the Arc at Tampines executive condo (EC) project during balloting yesterday, at an average price of S$722 psf. “Arc is the first EC launch to benefit from the higher monthly household income ceiling of S$12,000 compared with S$10,000 previously,” said a market watcher. He noted that the
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Singapore the 2nd most expensive place to build in Asia

Singapore ranked second on the list of the most expensive places to build in Asia, according to the 2011 International Construction Cost Report released by EC Harris. Coming in behind Japan and sharing the spot with Hong Kong, Singapore is also among the top 20 most expensive countries to build worldwide, the report added. According
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