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S’pore drops out of top 20 list of world’s most expensive cities for expats

  The weakening Singapore dollar has made the city-state less expensive for expatriates. Singapore has fallen out of the top 20 list of the most expensive cities in the world, moving six notches down from 18th place last year to 24th in this year’s cost of living survey by ECA International, reported Channel NewsAsia. Topping the list is Angola’s Luanda followed by Hong Kong, Zurich, Geneva and Basel. Nonetheless, Singapore remained the 10th most expensive city within the Asia Pacific region, with Hong Kong taking the lead, followed by Tokyo, Seoul,Read More


Singapore property prices to double by 2030: Morgan Stanley

    The protracted downtrend in Singapore’s property market is poised to end next year, with home prices set to double by 2030, Morgan Stanley said in a Wednesday note. “Property market bears expect slower population growth, an ageing population, and a structural growth slowdown to weigh on the long-term property market outlook,” the note said. “We disagree and believe home prices will double by 2030.” That implies a 5 to 6 per cent increase per annum and would mark a reversal from a long downtrend in home prices. InRead More


Chinese deals in Malaysia under scrutiny

China’s growing involvement in Malaysia has been praised and panned in recent years. The Sunday Times looks at how its widening presence is drawing increasing attention in the first of a two-part series. Tomorrow, why the promise of new ports in Malaysia with help from China may not materialise. Shannon Teoh Malaysia Bureau Chief and Trinna Leong Malaysia Correspondent In Kuala Lumpur The slew of projects and investments by China’s state-owned enterprises and their soft loans have been a major talking point in Malaysia since 2015, when they helped prop up stateRead More


Pasir Ris to get 2,000 new HDB flats

  Pasir Ris Town Centre will be transformed into a vibrant hub with an integrated bus interchange, a new Heritage Garden and partly-sheltered Town Plaza. Under the Remaking Our Heartland (ROH) programme, residents of Pasir Ris can look forward to about 2,000 new HDB flats and a new mixed-use project at the town centre, revealed the Housing and Development Board (HDB) on Saturday (29 April). Situated next to Pasir Ris Park, the public housing developments are expected to be launched in the next three to five years and will comeRead More


Upcoming District 9 condos to stir buying interest

  Two prime condominium projects are slated to hit the market in the second half of the year amid a significant pick-up in new private homes sales recently. Analysts say the District 9 projects – GuocoLand Group’s Martin Modern and New Futura by City Developments (CDL) – are likely to interest local and foreign buyers if developers can price the units “correctly”. Cushman and Wakefield research director Christine Li believes Martin Modern will be well-received, “as the high-end residential market seems to be bottoming”. Non-landed private home prices in theRead More


Two freehold sites in Balmoral Road area for sale

  View of the freehold residential sites at Balmoral Road and Ewe Boon Road. Two adjoining freehold residential redevelopment sites within the Balmoral Road area have been put up for sale by public tender, revealed marketing agent Edmund Tie & Co. Launched in a concurrent but separate tender, the two sites at Balmoral Road and Ewe Boon Road are zoned residential, with a gross plot ratio of 1.6 and a building height control of up to 12 storeys under the 2014 Master Plan. The sites have a combined area ofRead More


Government Eases up On Seller Stamp Duty, Relaxes TDSR Rule For Retirees Needing Cash Loans

    Certain residential property measures related to the sellers’ stamp duty (SSD) as well as the total debt servicing ratio framework (TDSR) has been relaxed. However, there would still be no change to the additional buyers’ stamp duty (ABSD) charge, as well as the loan-to-valuation (LTV) limits. The SSD is currently payable by those who sell a residential property within 4 years of purchase, at rates of between 4% and 16% of the property’s value. The changes will see the SSD holding period cut to 3 years instead of 4Read More


Boomtime property buyers now big losers

More than 800 condo units were resold at a loss this year as economy slows   An ultra-luxury apartment with a sea view at Sentosa Cove has made the largest loss in the property market so far this year. Originally bought for $11 million in 2011, the condominium unit at Seascape was sold for $6.35 million in October at a loss of $4.65 million. A high-end property at The Ritz Carlton Residences in Cairnhill Road made the second-largest loss-making deal of $3.7 million in March. Another Sentosa Cove unit atRead More


BUILT TO ORDER

BUILT TO ORDER   Could it be a sign that the Housing Board’s first Build-to-order (BTO) launch this year was on Valentine’s Day and that this launch is also the first time families can apply under the Fresh Start Housing Scheme? Perhaps the parallels are pushing it, but the 4,065 new flats in Clementi, Tampines and Punggol will no doubt provide a good start for couples hoping to start a family. Out of the 4000 plus units, 1,603 will be in Clementi, 638 in Tampines and 1,815 in Punggol. ThisRead More


Resale condominium market in gradual recovery

  Could a slice of sunshine be sliding its way back into the local private property market? Resale condominium prices have risen 1.1% in January and it’s a bigger increase than the 0.5% in the last 2 months of 2016. And as expected, non-landed private residential properties located in prime districts lead the way, with a 1.9% month-on-month increase. Central region properties also gained 1.5% in terms of prices while that of suburban properties rose by 0.4%. In a year-on-year comparison, resale prices were 0.3% higher than in the sameRead More


Rise in new private home sales volume

Rise in new private home sales volume The number of new private homes sold last year have risen on the back of declining prices in the primary private home sales market. Fighting against predictions of a languishing private residential sector, new private home sales have held up in 2016 with 8,136 new units sold, 9.4 per cent higher than 2015’s 7,440. Buyers have been picking up units directly from developers, aided by a couple of pushes from low interest rates an and lower selling prices. Though 2016 was a slowRead More


Indian property firm to fix Singapore’s diaspora

The Indian diaspora in Singapore and the region is being targeted for real estate investments by the nation’s largest listed real estate developer. Mumbai-headquartered Godrej Properties (GPL) has established an international representative office in Singapore on Wednesday at One Fullerton Road at Raffles Place. They increased sales of about S$1.03 billion in its latest financial year ending in March. “We want to provide a service to non-resident Indians and help them in their choice of residential properties in India,” said Mr Mohit Malhotra, executive director of Godrej Properties. “Indian nationalsRead More


Rowsley to acquire Ariva, a hotel management and consultancy firm, for about S$10.6 million

SINGAPORE – Singapore-listed Rowsley is further expanding its hospitality business with the acquisition of Ariva, a hotel management and consultancy firm. This comes about a year after the firm, which is controlled by Singapore businessman Peter Lim, entered the sector via several investments in Manchester in Britain. Ariva has over 6,500 room keys under management and in the pipeline, spread over 47 properties in the Asia Pacific region. It was founded in Oct 2008 by Mr Cameron Ong, formerly chief executive and managing director of The Ascott Group, and MrRead More


Wooing overseas Singaporeans home

More than 200,000 Singaporeans currently live and work overseas, up significantly from 10 years ago. Previously seen as a worrying trend for Singapore’s leaders, new initiatives have been launched to tap on their international exposure and draw them back home. By Romesh Navaratnarajah The number of Singaporeans looking for greener pastures abroad continues to rise, with 212,500 overseas Singaporeans as of June 2015, up 23 percent from 163,000 in 2005, according to a Population in Brief 2015 report published by the National Population and Talent Division (NPTD). A large majorityRead More


Lost in Nicaragua, a Chinese Tycoon’s Canal Project

BRITO, Nicaragua — A Spanish explorer conducted the first survey to connect the Atlantic and Pacific Oceans here in the 16th century. Napoleon III of France dreamed about it. The railroad magnate Cornelius Vanderbilt briefly had rights to do it. Nicaragua’s history is littered with dozens of failed canal schemes. But when a Chinese billionaire, Wang Jing, officially broke ground in a field outside this sleepy Pacific Coast village about a year ago, many Nicaraguans believed that this time, finally, they would get their canal. And not a small one,Read More


Realty Access help save victims investment

An insider leak that Realty Access is helping victims of fraudulent direct sales companies to get there invest back seem to be on the straight and narrow. While not all losses qualify for assistance, we were reliably informed they  can help other people that have been mis-sold Wine and Diamonds, so this is great news for Asian people that have made a bad investments. The Company with offices globally have both real estate opportunities in property in Germany, Spain, USA, Thailand, India and other countries. This is a managed fundRead More