Tag Archives: Market Report

Singapore ranked second most expensive city in Asia, after Tokyo

Posted on 21 Aug 2009 | Comments Off on Singapore ranked second most expensive city in Asia, after Tokyo

Singapore has been ranked the second most expensive city in Asia, after Tokyo, with Hong Kong taking the third position.

In UBS’ Prices and Earnings 2009 study released on Thursday, Singapore is ranked 24th globally, in a comparison of living costs in 73 cities around the world. The study was based on data collected between March and April this year.

It found Oslo, Zurich, Copenhagen, Geneva, Tokyo and New York to be the world’s priciest cities based on a standardised basket of 122 goods and services. Mumbai, Delhi, Manila and Kuala Lumpur are cities with the lowest price levels.

The study said: “Asia is home to some of the world’s priciest cities and nowhere is the spread between most expensive and cheapest more pronounced.” Continue reading →

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Posted in Property Market / Real Estate

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Sales at an all time high

Posted on 19 Aug 2009 | Comments Off on Sales at an all time high

A STRONG revival in property sentiment has propelled real estate investment sales in Singapore to surge in the second quarter to hit a total of $1.35 billion, according to latest statistics in a report by Colliers International.

This was the highest level achieved since the third quarter of last year, said the property consultancy firm yesterday.

The residential sector made up the bulk of the activity, chalking up some $887.13 million, or 65.8 per cent of the pie.

Besides the flurry of individual transactions in properties such as bungalows and luxury apartments, Colliers attributed the strong showing to the resurgence of en bloc commercial deals.

In particular, the sale of Anson House, Parakou Building and VTB Building has chalked up total sales of $237.38 million during the quarter.

The buildings are bought respectively by a group of high net worth individuals, a Cathay Organisation unit and a joint venture between Yi Kai Continue reading →

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