Speculators holding out for higher prices
Subsale activity slows but transacted prices remain resilient
By ARTHUR SIM
(SINGAPORE) Property prices have been bolstered by speculators in the last year. But now that speculation is on the decline, could prices follow suit?
An analysis by Savills Singapore of properties subsold last year after being bought from developers [...]
Filed under: About Singapore, Condominium, General, Property News | Leave a Comment »
Casinos, other large projects push up cost of loans: OCBC
SINGAPORE‘S two casinos and other large projects will add S$30 billion to loan demand this year, pushing up the cost of corporate loans in the city-state, said Oversea-Chinese Banking Corp on Wednesday.
Las Vegas Sands and Genting International have each borrowed about S$5 billion to [...]
Filed under: About Singapore, Bank/Finance, Construction, Property News | Leave a Comment »
Rise and rise of the SGD
Local currency at its strongest against the US dollar since 1995
Friday • March 7, 2008
The Singapore dollar rose to its highest level against the US dollar since June 1995 on speculation that inflation would encourage the Monetary Authority of Singapore (MAS) to let the currency keep gaining.
The Singapore dollar was [...]
Filed under: About Singapore, General, Property News, Singapore Economy | Leave a Comment »
More landed-home owners installing lifts
Many do so to help elderly family members with mobility problems get around the house
By Tay Yi Wen
OFFICES, shopping malls and high-rise apartments are not the only places with lifts zipping people up and down the different levels.
More Singaporeans in landed properties are coming round to the idea of [...]
Filed under: About Singapore, General, Landed Properties, Property News | Leave a Comment »
$40m Orchard Road facelift put off till next month
Talks between malls, tourism board drag on over impact of works on businesses
By Tessa Wong & Lim Wei Chean
THE great $40 million Orchard Road makeover has stalled because some mall owners are objecting to some aspects of the works.
The revamp of Singapore’s premier shopping street [...]
Filed under: About Singapore, Commercial, Construction, Property News | Leave a Comment »
Falling prey to herd mentality
By Robert J. Shiller
ONE great puzzle about the recent housing bubble is why even most experts didn’t recognise the bubble as it was forming.
Mr Alan Greenspan, a very serious student of the markets, didn’t see it, and, moreover, he didn’t see the stock market bubble of the 1990s either. [...]
Filed under: Property News, US Subprime | Leave a Comment »
