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8 Jul 2010 | The Straits Times THE global economic recovery will continue but at a slower rate than in the past two quarters and should avoid sliding back into recession, according to Credit Suisse analysts on Wednesday. The Swiss bank’s head of Asia Pacific research, Ms Fan Cheuk Wan, said that while some economists fear another slump this year following job losses and a decline in world manufacturing, she believes such views are ‘overly pessimistic’.. |
Punggol “Waterway Terraces” oversubscribed by up to 12 times 06 July 2010 | Channel News Asia SINGAPORE : The “Waterway Terraces” at Punggol have been making waves in the property circle, with 5-room units oversubscribed by 12 times. The Build-to-Order project, which houses 1,072 units, opened for applications on June 30. As of Tuesday evening, the 5-room units saw 12 times the number of applicants. |
Private home price hikes expected to soften in Q2 29 June 2010 | Channel News Asia SINGAPORE: Increases in private home prices are expected to slow down in the second quarter after climbing 5.6 percent in the first quarter. Colliers International said suburban homes could cost 2 to 3 percent more on average for the next two quarters. Prices of suburban homes have already surpassed the peak by about 10 percent. |
More signs of slowdown in Singapore property market 29 June 2010 | Channel News Asia SINGAPORE : There’s been more signs of a slowdown in the private property market here in the second quarter. Property consultant CB Richard Ellis (CBRE) forecasts some 4,000 new homes were sold in the second quarter, lower than the previous quarter’s figure of 4,380. In the resale market, CBRE estimates some 3,400 to 3,600 resale homes were sold in the second quarter. |
