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Singapore developers may extend their share rally into 2018 on a reviving home market, according to money managers and analysts, who say the central bank’s warning on a potential oversupply may not play out for years.
Ayala Land, which built Manila’s financial district, is expanding into workers’ dormitories as developers target people fed up with battling some of the world’s worst traffic.The company is investing three billion pesos (58 million dollars) building five dormitories on four sites in the Makati and Taguig business districts, comprising 1,500 units that can house as many as 6,000 people, President B
Singapore home sales fell in September as developers marketed fewer projects in a month considered inauspicious by Chinese homebuyers.Developers sold 657 units last month, down from a revised 1,246 in August, according to Urban Redevelopment Authority data released Monday. That’s the lowest sales since January.
Sizing up the home-sharing industry in Singapore has become the economist’s puzzle as the aspiring “Smart Nation” grapples with resistance to next-door strangers.Despite government rules restricting the likes of Airbnb operating in Singapore, there are signs that home-sharing has become more prolific in the city state.