Investing in Singapore’s property market doesn’t necessarily mean you have to own a condominium unit. (via dollarsandsense.sg)
By Timothy Ho, via dollarsandsense.sg
SINGAPORE — URA reported that the private residential property index for 3Q2017 have increased by 0.5 per cent. This is the first time an increase has been seen, after 15 straight quarters, or close to four years, of decline.
Having endured a lacklustre market for four years, there is finally good news for property experts and real estate developers to get excited about. But should you, as a retail investor, be looking to jump back in to the market now that sentiments are slowly starting to pick up?
Of course, this is the million-dollar question on everyone’s mind. Should we buy a private property now in the hopes that we can strike it rich when the market takes off, or do we risk missing out on the cycle?
According to an ABC report, Macro Realty Developments Pte Ltd is controlled by Australian Veronica Macpherson (picture) and received over A$110 million (S$119 million), mostly from Singaporean and Malaysian investors. (via asiaone.com)
PETALING JAYA – Singaporean police are investigating a property company believed to be involved in a ponzi scheme that conned hundreds of Malaysians investors out of millions.
According to an ABC report, the company is controlled by Australian Veronica Macpherson and received over A$110 million (S$119 million), mostly from Singaporean and Malaysian investors.
SINGAPORE — The Council for Estate Agencies’ (CEA) Disciplinary Committee has slapped a $10,000 fine on real estate agency SQFT Global Properties Singapore for failing to supervise the conduct of its then agent on the sale and marketing of a New Zealand property in 2011.
The agent, Ms Paleenia Wong Mui Wah, was fined $6,000 for misrepresentation towards an investor of a unit in Albany Heights Villas, Auckland, said the CEA in a media release issued yesterday.
SINGAPORE : A new JLL report is extolling the virtues of buying a prime residential property in Singapore now, given how “affordable” they have become compared to other global cities in the last four years. This is in spite of the loan curbs and tax burdens in place.
The real estate consultancy estimates that the average luxury prime residential price of S$1,991 per square foot (psf) in the fourth quarter of 2015 is about 20 per cent off the peak in 2011.
This is the biggest correction across domestic asset classes in the last four years. Office, retail and industrial property prices have fallen 4-6 per cent; suburban residential prices are down 12 per cent.
Prices dropped 1.6 per cent on a year-on-year basis, according to flash estimates by SRX Property.
SINGAPORE — Prices of non-landed private homes sold on the resale market dipped 0.3 per cent in February compared with the previous month, amid a fall in the number of units sold, according to a local property index.
Resale prices remained constant in the Core Central Region, while the Rest of Central Region rose slightly to 0.1 per cent. The Outside Central Region dropped 0.8 per cent, according to flash estimates from SRX Property on Tuesday (Mar 8).
Overall, prices were down 1.6 per cent from a year ago.
By Peter Pham, forbes.com
If you live in certain parts of the world, China’s economic problems might soon be coming to your front doorstep – literally.
Often overlooked in China’s explosive economic growth is its effect on global residential real. As the Chinese economy slows, housing markets in the U.S., Canada, Australia, Singapore and Hong Kong will feel it, if they aren’t already. And if the government makes it harder for money to leave the country, these real estate markets will notice it even more.
By Istvan Loh,sbr.com.sg
The US economy is doing well and the Federal Reserve has raised interest rates for the first time in almost a decade in a bid to tighten money supply.
While the rate increase was small at 0.25% per year and widely anticipated, it is highly likely that more increases will follow. As the liquidity in the US financial market is reduced, there could be far-reaching implications on the global economy.
Singapore property investments will also be impacted by the Fed’s new policy as interest rates here mirror the increase in the US.