Non-landed private residential prices down 0.7% in April: SRX Property | channelnewsasia.com
Year-on-year, resale prices dropped 4 per cent from April 2014, and compared to the peak in January 2014, prices have fallen 6.9 per cent.
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Resale condo market stays weak as prices, volumes drop | todayonline.com
SINGAPORE : The non-landed private residential resale market continued to weaken last month as loan curbs and cooling measures weighed on sentiment, with analysts saying the status quo will remain unless the government tweaks its policies.
Non-landed private residential resale prices dipped 0.7 per cent last month from March, showed advance estimates from the Singapore Real Estate Exchange (SRX) Property yesterday, deepening from the revised 0.4 per cent drop in the previous month. Compared with a year earlier, resale prices fell by 4 per cent.
Transaction volumes remained low amid a continued stand-off between sellers and buyers.
A total of 440 non-landed private residential units were resold last month, a 2.7 per cent drop from the 452 units in March, SRX data showed. Read more >>
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Philippines to open construction sector to foreign companies | asiaone.com
PHILIPPINES : The Philippines is opening up the local construction and related industries to enable foreign companies to secure construction permits as regular contractors, and participate in local projects with full equity.
Public Works Secretary Rogelio L. Singson said at the 2nd EU-Philippines Business Dialogue on Tuesday that they expected the Department of Trade and Industry, which chairs the Construction Industry Authority of the Philippines (CIAP), to issue in a month’s time the guidelines for a new license category called Quadruple A.
“The Philippines needs more foreign contractors. We are opening the Quadruple A category for foreigners so they can be granted construction permits not only on a per-project basis but so they can be registered as regular contractors. Read more >>
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With Manhattan Luxury Property Hitting Highs, Some Fear Air Is Getting Thin | wsj.com
NEW YORK, USA : It’s getting crowded at the top of Manhattan’s apartment market.
As condo developers chase billion-dollar paydays through the construction of luxury dwellings, the cranes dotting the city are sparking fears of a supply glut.
Builders are plowing ahead with scores of condominiums priced above $20 million in skinny glass towers throughout Manhattan.
One building, the 66-story tower at 220 Central Park South, is listing more than 60 apartments above $20 million, according to filings made with the New York attorney general’s office. By comparison, in 2008, just 29 new condos sold for $20 million or more across all of Manhattan, according to appraisal firm Miller Samuel. Read more >>
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