To listen to some of the headlines produced around the latest CB Richard Ellis report on Singapore’s property investment market, you could be forgiven for thinking the second coming had arrived.
More on Investment properties in Singapore start selling again
Singapore has 2 new MRT Stations ready. The Pioneer and Joo Koon Stations saw some 5,000 people attend their Open House on Saturday (yesterday) which was officiated by Senior Minister of State, Ms Lim Hwee Hua.
Temasek Holdings’ investments fell 31% from S$185 billion to S$127 billion in 8 months. But why were these 8 months chosen to produce a statistical value? Aren’t statistics always based on quarterly, half-yearly and annually accumulated data? Why release this information (correct as of end November 2008) in the middle of February 2009, more than 2 months later?
Singapore property sales didn’t really go up in November this year; it merely rebounded up 63% after having fallen 70% just the month before. Such are the types of statistics all of us must be vigilant about. Too many unscrupulous people are more than willing to furnish partial statistics that appear very appealing to would-be buyers.
Singapore can survive a recession if the Government comes out with a good Budget Report next month. But what happens if the current recession stretches on beyond the 2 year mark and drags on for a few more years? News reports have led us to believe that the world hasn’t seen an economic downturn of this magnitude since the days of the Great Depression in 1929.
Mediapolis@One-North personifies Singapore’s dream to become the Hollywood of Asia. With names such as Lucasfilm, Linden Lab, Ubisoft, Raintree Pictures, Electronic Arts and Rainbow SpA based here, Singapore is well positioned to produce world class movies, games and all other forms of commercial media from conception to the final finishing touches. Universal Studios setting up shop at Sentosa further supports this island Republic’s aspirations at procuring a share in the lucrative Mass Media Industry.
Singapore GLS Program is suspended due to significant and dynamic changes in global economic conditions. This was announced a few hours ago by the Ministry of Trade and Industry which cited the current global uncertainties that are expected to continue well in 2009. It therefore comes as no surprise that sites previously offered (but not taken up) have been removed from the Confirm List and return to the Reserved List.
Singapore’s East Coast Road is renowned for being lined with large houses, condominium apartments and famous food and beverage outlets. Highly sought after in the 1970s for its suburban tranquility, this neighborhood looks set to enter a real estate boom with mounting speculation on the construction of an underground LRT (Light Rapid Transit) extension of the MRT(Mas Rapid Transit) line.
Singaporean real estate investors are always scouting out for overseas properties. This growing trend began in as early as 1981 with the creation of GIC (Government Investment Corporation) which is the government’s chief investment arm that is tasked with investing Singapore’s foreign reserves to earn reasonable returns within acceptable risk limits. GIC ranks amongst the world’s largest investment management organizations with assets in excess of US$100 billion spread out in 40 countries.
Singaporean Real Estate Investors Seek to expand on Foreign Soil
Singapore will provide more 2-room and 3-room government flats next year. This was announced by Minister for National Development, Mah Bow Tan in Parliament when addressing the rising demand for such units. He said that this would help lower income families to own their own homes, as well as those that needed to downgrade their homes in these troubled times
