The sales volume of 1,078 units in May falls within expectations. The latest URA data showed that 1,078 units were sold in May 2010, half of the transactions in the previous month as sentiments took a dip in the Singapore residential market amidst an unfolding debt crisis in the Eurozone. The Singapore Straits Times Index
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The objective of an investor is to purchase properties with good capital growth to earn profits. In finding suitable properties, investors are often faced with many factors to consider. However, one question that investors often face is whether they should buy new or resale properties. Generally, we know that older properties require more maintenance due
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I have to say, despite all the “precautions” that Resorts World and Marina Bay Sands had undertaken by incorporating fengshui design elements and launching them at an auspicious hour, it appears lady luck has not been too kind to them. I remembered all the hype by the mass media that said both casinos would bring
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With the average price of a house in the UK having risen 10 percent over the last 12 months to GBP 168k, and mortgage lenders seemingly engaged in a rate-cutting frenzy, you might think it churlish of me to suggest that now might be a perfect time to exit the market. For a while at
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There has been a steep recovery for property prices in the past few months. Looking ahead, investors are faced with two questions: what can be expected of the property market in the next six months and what does it mean for them? According to our in-house indicators, the Ascendant Assets Correlation Indicator, we believe that
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April 2010 saw 2,207 private property sales, a jump of 25% from the previous month and a figure surpassed only by July 2009’s 2,767 units transacted. The property market is certainly very bullish, although the majority of the units transacted in April did come from the mass- to mid-end markets. 1,961 units, or 88.8% of
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Foreign workers at Jurong Point Two months ago, a Singaporean neighbour came knocking on my door, obviously in distress. Apparently, a cat was stuck at another neighbour’s window a few floors above and he needed my help to “dislodge” the cat. As it turned out, that particular household was made up of foreigners who could
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Not exactly how it was worded in the UK press this week I’ll grant you, but I’m sure you get my gist. With polling stations up and down the country doing feverish business with motley crews of voters, by the time you read this the identity of the country’s next government should be known. But
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A local newspaper recently published an article entitled “IMF Flags ‘bubble trouble’ in Asia”. The article stated that the International Monetary Fund (IMF) released a report entitled, Global Financial Stability, which warned that many East Asian property markets (including Singapore) were overheating. For some potential investors, this article could be seen as a warning for
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Private property prices distance themselves further from public housing resale prices with a 5.6% overall increase as per the 1Q10 results released by URA today. The price index for private property is maintaining its steady growth from 4Q09 into 1Q10, growing to 175.0. While this figure still falls short from the all-time peak of 181.4
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