Tag Archives: World

Over S$27.5b invested in Marina Bay from private and public sector

Posted on 30 Jul 2009 | Comments Off on Over S$27.5b invested in Marina Bay from private and public sector

More than S$27.5 billion has been invested so far in the new business and financial district in Marina Bay and the government is planning to pump in a further S$1 billion in infrastructure works there over the next 10 to 15 years.

Singapore’s National Development Minister Mah Bow Tan announced this at the topping out ceremony for the construction of the Marina Bay Financial Centre on Wednesday morning.

He also said there are some signs of speculation in the recent frenzy in the property market.

The government announced in April that Marina Bay had attracted total investments of over S$22 billion of which S$5.7 billion was from the government, and S$16.5 billion was from the private sector.

And just three months later, that figure, which includes government and private sector investments, has risen to over S$27.5 billion. Continue reading →

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Posted in Property Market / Real Estate

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The Sail is not for sale

Posted on 30 Jun 2009 | Comments Off on The Sail is not for sale

The Luxury Expert finds out why business is still swift at one of Singapore’s new icons.
by The Luxury Expert

When the media is quoting various real estate analysts saying that real estate markets are up by 10% or so from the beginning of this year, buyers and agents, who are involved in The Sail resale market don´t even have time to stop and read such nonsense. They are too busy trying to get more units on the market as demand by far outstrips supply. As one agent told me, there are many buyers but never enough serious sellers. It also means that selling a unit there is just a matter of price and the deal can be done very fast – it´s almost like commodity dealing, and that makes the ownership in The Sail more exciting as there is lots of liquidity, compared to other real estate projects.

Just about three months ago some Marina Bay front view units were offered as low as 1,450-1,500psf. Some even sold at just above 1,000psf around the beginning of the year. Now some high floor choice units were sold at 2,550psf around early June, and the price is pushing higher by day. Don´t even try to calculate the percentage increase. it will leave you breathless. Continue reading →

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Posted in Property Market / Real Estate

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