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.

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.

Lee Kuan Yew forecasts no property bubble in Singapore yet

26 June 2010 | Temasek Review

PAP strongman and Singapore’s self-proclaimed “forecaster extraordinarie” Lee Kuan Yew has peered into his “crystal ball” again to dispense his usual “pearls of wisdom” to his hapless subjects.

In his latest “forecast”, Lee said that there is “probably” no bubble in Singapore’s property market at a dinner hosted by the Association of Banks in Singapore.

Rising yuan brings on smiles
Asian property and tourism to gain; China-based shipbuilders could lose out
23 June 2010 | The Straits Times

REGIONAL bourses and certain key sectors are set to reap healthy gains from an expected rise in China’s currency after Beijing indicated it would allow more flexibility for the yuan’s valuation.

Analysts point to a clear precedent in the period 2005 to 2008, when the yuan surged 19 per cent against the greenback as China adopted a managed yuan float.

$36m? Not a problem!
More Chinese nationals buying expensive Singapore property

19 June 2010 | Strait Times
WHEN real estate agent Jasmine Png told her Chinese national client that the Sentosa Cove property he was eyeing was about $15 million, he did a double take.

He asked her to repeat the amount. ‘Then he asked if it was haunted because he thought it was too cheap!’ said Ms Png, before pointing out that most high net worth Chinese nationals feel the same – that Sentosa Cove properties are great value for money.