Tag Archives: Singapore Real Estate

Demand for mass market homes stable: Wing Tai

Posted on 26 Aug 2009 | Comments Off on Demand for mass market homes stable: Wing Tai
Wing Tai Holdings has sold at least 144 units at the Ascentia Sky development in Alexandra Road at $1,200 to $1,300 psf. — ST PHOTO: DESMOND WEE

SINGAPORE’S property market looks set for recovery, although the ride ahead is not likely to be smooth, according to the chairman of property developer Wing Tai Holdings.

Mr Cheng Wai Keung, speaking yesterday at Wing Tai’s full-year results briefing at Fairmont Singapore, said the mass market segment had probably stabilised and he was cautiously optimistic about the mid-end segment. Continue reading →

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Posted in Developers, New Launches, Property Market / Real Estate, Property Price

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Relaxation of banks lending policies stimulated Asia Pacific sales

Posted on 26 Aug 2009 | Comments Off on Relaxation of banks lending policies stimulated Asia Pacific sales

According to Colliers International’s Asia Pacific Real Estate Investment Market Bulletin – 2Q2009, the overall investment sentiment in the region saw a distinct improvement in past quarter.

“Despite the fact that the region is still in the amidst of a consolidation, the pace of downward adjustment of a number of economic indicators has tapered off,” said Simon Lo, Director of Research & Advisory, Colliers International Hong Kong.  “This not only indicates that the worst situation is over, but that there is also more hope for a global recovery towards the end of 2009.”

Buying interests were concentrated primarily on the office and residential properties in the region in 2Q2009.  Office investment yields in Asia Pacific edged down by 19 basis points (bps) during the quarter, with Hong Kong’s dropping the most at 110 bps.  Of the 25 cities included in the report, the office investment yield in Bangalore, India was the highest at 14.0% per annum, and that of Hong Kong and Singapore the lowest, at 4.1% per annum.  Meanwhile, the residential investment yields also recorded a fall of 29 bps across the region. Continue reading →

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Posted in Loan / Mortgage / Finance, Property Market / Real Estate

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