SINGAPORE – Singapore is less likely to be on the radar of institutional real estate investors this year compared with other developed regional cities, especially those in Australia and Japan, said a UBS report.
It cited the oversupply in the office and logistics sectors here amid weak consumer sentiment and a housing market dealing with cooling measures.
The Monetary Authority of Singapore noted last November that property transactions, prices and mortgages could have been higher by as much as a third had these measures not been implemented. Read more >>
Comparison unfair as Bidadari not established yet, say observers.
SINGAPORE – One is a 30-year-old town with a bustling shopping centre and transport hub, while the other is an up-and-coming estate which, when built, will have an underground bus interchange, and a park with a lake and cycling paths.
Housing estates Bishan and Bidadari are often compared with each other, with many property agents and investors touting the latter as the “new Bishan”.
The similarities are obvious: Both are close to town, fall under the planning boundaries of mature estates and once housed cemeteries that were exhumed to make way for public housing.
But not everyone agrees the newer town will also turn out to be a real estate superstar. Read more >>
SINGAPORE – The Malaysian ringgit has recovered against the greenback and the Singdollar since the start of the year but Singapore firms and consumers are not feeling the effects of the surge yet.
A stronger ringgit makes exports from Malaysia more expensive for Singapore importers, but at the same time makes goods here more affordable across the Causeway.
The ringgit was trading at about 2.89 to the Singdollar last night, up from 3.05 on Jan 1, and around 3.92 to the greenback, strengthening from 4.29 on Jan 1.
Credit Suisse senior foreign exchange strategist Heng Koon How said the ringgit’s strength this year was due to oil recovering from US$28 (S$38) a barrel in January to about US$38 now. Read more >>