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Singapore real estate firms name their new heads
Singapore real estate firms name their new heads

The Business Times -
21 Oct 2014

THERE have been several new appointments at Singapore's property fi...


It's a done deal - roast meat joint sold for $4m to conglomerate
It's a done deal - roast meat joint sold for $4m to conglomerate

The Straits Times -
21 Oct 2014

KAY LEE Roast Meat Joint has been sold for $4 million to conglomera...


Carats to perk up a lacklustre market?
Carats to perk up a lacklustre market?

The Straits Times -
21 Oct 2014

Developers offering 'novel' incentives to tempt hesitant buyers, in...



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Singapore Property News

Home price rise reflects demand, not a bubble: DBS

Price rise reflects people genuinely buying homes to upgrade and move into

The Business Times - January 13, 2010
By: Conrad Tan

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Home price rise reflects demand, not a bubble: DBS

THE recent sharp rise in private home prices here is not yet indicative of a bubble and prices could increase further, DBS Group research head Timothy Wong said yesterday.

'In the mass market, what you are seeing is real end-user demand that is catching up,' he told reporters at a briefing to present the group's economic outlook and investment strategy for the year.

'If you look at affordability levels, the average cost to service a mortgage taken against the median wage is about 30 per cent, which is fairly stable. When it moves up to 50 per cent, you know you have a bubble forming.

'So we're not really at a bubble stage yet. I think the last time we had a major bubble was probably in 1995-96, when queues were forming outside showflats and people were buying three or four properties at one go.

'This time, it's more circumspect - there are some speculators out there, but by and large people are genuinely buying homes to upgrade and move into,' Mr Wong said.

'Rental yields have come down, because they were exceptionally high at about 4-5 per cent, now they're about 3-3.5 per cent. If they got down to one per cent, I would say that represents a bubble.'

The group's research team expects high-end private home prices here to rise a further 10-15 per cent this year, while mid-tier home prices are expected to rise 5-10 per cent. It expects any increase in the price of mass-market private homes and public housing to be relatively muted.

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Location 'elevates Mount Sophia's cachet'

Location 'elevates Mount Sophia's cachet'

The Straits Times - 18 Oct 2014

Area's character continues to evolve, with art schools adding zest


Vacated prime sites await word on their future

Vacated prime sites await word on their future

The Straits Times - 17 Oct 2014

AS A number of prime sites get vacated, the authorities are working out what use they should be put to. For example, it was announced last month that the Central Manpower Base (CMPB) is moving out of Depot Road to Upper Bukit Timah.


CPG inks 83,000 sq ft lease at Westgate Tower

CPG inks 83,000 sq ft lease at Westgate Tower

The Business Times - 20 Oct 2014

CPG Corporation has taken a lease of 83,000 sq ft at Westgate Tower next to Jurong East MRT Station

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Fund said to be selling Grange Infinite units

The Business Times - January 12, 2010

By: Emilyn Yap