Despite facing weaker currencies and slowing economies, mainland Chinese and Malaysians remain the top foreign buyers of Singapore property, revealed DTZ. Together, they bought 1,952 private homes in 2015, or 54 percent of total foreign purchases. Specifically, sales to Chinese nationals fell slightly by 3.8 percent to 998 units, while Malaysian home purchases remained largely … Read more
Prices of private residential properties in Singapore continued their downward trend, falling by 3.6 percent in the fourth quarter of 2015 from the previous year, according to Knight Frank’s latest Global House Price Index. On a quarterly basis, prices slipped by 0.2 percent from Q3 2015. Singapore was ranked 51st out of the 55 housing … Read more
Forbes has just released its 2016 ranking of the world’s richest people, with 17 billionaires from Singapore making it on the prestigious list. Close to half of them are involved in the real estate business, but for many, their fortunes have dwindled amid Singapore’s weak real estate market. Property siblings Philip and Robert Ng topped … Read more
» A view on what is expected in the market across Asia IN our series on the global property outlook over the past weeks, we published the views of industry professionals on markets in the US, UK and Australia. This week, we take a brief look at neighbouring markets. Asian Region According to jll.realreviews.com, the … Read more
IN a nutshell, last week’s article on the US and the UK property market suggested that demand has exceeded supply in the US and developers will be increasing the construction of single-family and smaller housing units into the year; while house prices are expected to fall into the year, after the increase of stamp duty … Read more
PETALING JAYA, Dec 5: The recent sale of a 60% stake in Bandar Malaysia to a Malaysia-China consortium is a boost for local property market sentiment in the new year, with significant positive implications, according to AmResearch. On Dec 31, 2015, 1Malaysia Development Bhd announced that Iskandar Waterfront Holdings Bhd (IWH) and China Railway Engineering Corp … Read more
The overall 2015 price fall of 3.7 percent is the lowest decline for private home prices for more than two years, revealed PropNex Realty citing latest flash estimates of the Urban Redevelopment Authority (URA) price index. However, this still reflects the current languid market sentiment and the sustained impact of the cooling measures, noted the … Read more
Last year saw property buyers and aspiring house owners being plagued with negative sentiments especially with the falling Ringgit. As we start the new year, the top-most question on everyone’s mind – where is the property market heading? iProperty.com consulted some industry experts and developers to learn what the property industry has in store for … Read more
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