Property investors anticipated a boom in Singapore as prices increased sharply by 9.1 percent over the past year. However, the Monetary Authority of Singapore (MAS) introduced strong measures to dampen what it describes as “euphoria” in the market. By December, MAS issued warnings of “excessive exuberance” in the property market and voiced concern that the market may be oversupplied.
Singapore property and bank stocks led declines on the benchmark stock index Friday after the government unexpectedly tightened property curbs to cool a market the central bank described as euphoric. City Developments Ltd. and UOL Group Ltd. fell more than 14 percent each.The index tracking property stocks dropped 1.4 percent on Friday in Singapore, set for the lowest close in more than 15 months.
Massive infrastructure projects and ample growth prospects have positioned ASEAN as a prime real estate investment destination globally, with properties in regional capitals typically offering higher rental yields and capital appreciation than assets in more developed areas.The region also leverages on an upsurge of interest across Asia as a whole, which saw total transactions of completed properties rising 19 percent year-on-year to US$61 billion in the first half of 2017 alone, according to
Singapore sustained a comeback in home sales in December, boosting an annual tally that was already the highest since 2013.Developers sold 431 units, up from 367 a year earlier, according to Urban Redevelopment Authority data released Monday. For the year, home sales reached about 10,682 units.Rising prices and climbing sales are reinforcing signs that the city-state’s residential market is emerging from a four-year slump even as officials watch cautiously after previous overheating.
Myanmar has notoriously low residential property taxes rates, accounting for just 7.5% of GDP, compared to the 13-14% its neighbours, Laos and Cambodia pay.In 2016, this amounted to just US$1.86 per capita in Yangon according to research done by the Renaissance Institute.
Hong Kong’s richest man signaled he sees no end in sight for the demand in property that’s been driving up prices in the world’s most expensive real estate market."Demand remains very strong," CK Hutchison Holdings Ltd.’s billionaire chairman Li Ka-shing said to reporters on Thursday before the start of the annual dinner for his group of companies.
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. After double-digit gains this year, Morgan Stanley sees a 42 percent jump in shares of CapitaLand Ltd., the nation’s largest developer, and a 24 percent increase in City Developments Ltd., the second-biggest, in the next 12 months.
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 Bobby Dy said in an interview.
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.
Kwek, not Quek. It's not enough that a Malaysian tycoon is paying the most ever to build a new office block in Singapore. What's more important is that his billionaire Singapore cousin is staying away.Malaysian billionaire Quek Leng Chan's Guocoland snagged the Beach Road site for a record S$1.62 billion (1.2 billion dollars), beating four suitors, out of which another three were foreign.
Singapore’s home prices rose for the first time in four years, snapping a record run of declines and confirming recent signs that the property market is rebounding.An index tracking private residential prices gained 0.5 percent in the three months ended September 30 from the previous quarter, according to preliminary data from the Urban Redevelopment Authority released Monday.A jump in home sales and developers’ aggressive bids for land are stoking optimism that the property market is making