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Public contracts keep construction up
Public contracts keep construction up

The Straits Times -
19 Dec 2014

They provide a buffer against fewer private sector projects


Good Class Bungalows Sold: 26. Value: $588m
Good Class Bungalows Sold: 26. Value: $588m

The Straits Times -
19 Dec 2014

Demand for this class of home still healthy, with prices holding up


Social crowd still drawn to Ann Siang Hill
Social crowd still drawn to Ann Siang Hill

The Straits Times -
19 Dec 2014

Homeground of clans bustles as a drinkers' paradise now



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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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Good Class Bungalows Sold: 26. Value: $588m

Good Class Bungalows Sold: 26. Value: $588m

The Straits Times - 19 Dec 2014

Demand for this class of home still healthy, with prices holding up


Developer sales in 2014 likely to be about half of last year's

Developer sales in 2014 likely to be about half of last year's

The Business Times - 16 Dec 2014

But latest monthly URA data shows brisk sales of executive condominiums


Greenland biding its time to enter Singapore market

Greenland biding its time to enter Singapore market

The Business Times - 16 Dec 2014

It plans to do so next year, adding to its growing presence internationally

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Fund said to be selling Grange Infinite units

The Business Times - January 12, 2010

By: Emilyn Yap