Daily Archives: July 11, 2013 (8 Articles Found)

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Sentiment over real estate dips further

Sentiment in the real estate market continued to weaken in the second quarter. The composite sentiment index, indicating overall market sentiment, stood at 4.5 for the quarter, down from 4.8 in Q1. A score under five means deteriorating…

Loan curbs make homes 30% less affordable: Citi

The latest measures to ensure prudent borrowing have made residential properties less affordable for investors, said Citi in a recent report. Someone making a second purchase will only be able to afford a property that is 30 per…

OUE seeks to raise $614m with Reit IPO

Property giant Overseas Union Enterprise (OUE) is seeking to raise up to $614 million by spinning off two Orchard Road properties into a trust. The firm lodged a preliminary prospectus for an IPO of OUE Hospitality Trust with…

Property market stabilising but curbs will stay: Tharman

Property prices in Singapore are starting to stabilise but the Government is not ready to take its foot off the property market brakes, said DPM Tharman Shanmugaratnam. “Our intention is to stabilise the market, if possible have some…

Stable year for industrial rents: Colliers

Industrial rents are expected to stabilise for the rest of the year amid a fragile economic outlook and ample supply for tenants, Colliers Intl said. The property consultancy yesterday reported that rents were flat across all segments in…

Compact units a turning point in Roxy’s history

Entering the shoebox or compact-apartment market was a turning point in Roxy-Pacific’s history. Teo Hong Lim, the group’s executive chairman, traces the origins of the entry to the time of the global financial crisis. “After Lehman’s collapse, I…

CEA is reportedly reviewing the current Real Estate Salesperson (RES) examination, but details on the revision and its implementation are yet to be finalised. Cheryl Lim, Deputy Director (Policy & Planning) at CEA, said an overall review of…

Buyers shift to smaller homes: DBS

The latest changes to the TDSR by MAS will see home buyers turning to smaller units to offset price hikes. The move is also expected to affect volume demand, particularly coming from buyers with higher incomes, according to…

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