THE Federal Reserve raised its target interest rate by a quarter of a percentage point on 1 February 2023, yet continued to promise “ongoing increases” in borrowing costs as part of its…
Residential Market Watch Q2 2022: Market Movers Triggered Demand
Key projects drove sales volume and prices Following a subdued first quarter with only 613 new homes launched, developers launched 1,956 new homes for sale in the second quarter. Market sentiments improved…
An Appetite for Luxury
Desirable condos capture not only the amenities and features a buyer wants in the home but also the atmosphere and personality the buyer wants in an ideal lifestyle. This is especially true…
Patchy Performance Signals Slowdown
Residential Market Watch 2023Q3 Sales momentum slows with more choices Developers launched nine new projects for sale in 2023Q3, compared to five in the previous quarter. Yet, the sales volume of new…
A Feast For The Eyes: 4 Stylish Dining Rooms
Whether it’s the setting for formal festivities or a casual weeknight meal, the dining room is a key component of every refined modern home. From the green expanses of Greenwich to the…
Metro, TEP Capital and LaSalle Investment jointly acquire VisionCrest Commercial for about $450 mil
A joint venture of Singapore-listed Metro Holdings, private equity firm TE Capital Partners and US real estate investment management firm LaSalle Investment has acquired VisionCrest Commercial for about $450 million. The purchase…
IOI Properties’ Lee Yeow Seng snaps up Shenton House for S$538 million
Shenton House, located in Singapore’s Central Business District, has been successfully sold for S$538 million. The building was relaunched for public tender in October. The buyer is Shenton 101 Pte Ltd, a…
The Philippines, Urban Oasis
Why is Philippines an investment friendly country? The Philippines is the fastest growing economy in ASEAN and is a very attractive property investment destination. 1. Population The total population of The Philippines…
Behind the rise of landed property values
Take a walk in any landed estate at Holland Road, Dunearn Road, Serangoon Gardens or Mountbatten Road, and you will see at least one or two newer houses that stick out, looming one…
Beyond Borders: Why Affluent American Buyers Are Looking Abroad For their Next Home?
For many, a home overseas represents the essence of opulence and the hallmark of success. So it’s not a surprise that among society’s most affluent, so much of their collective wealth exists…
Cut in land betterment charge rates for non-landed housing
For the first time in three years, the government has cut land betterment charge (LBC) rates for non-landed residential use. Developers pay an LBC for the right to enhance the use of…
Investment market seeing more buzz for office buildings, malls and hotels
With borrowing costs seen to be peaking, some investors are eyeing pockets of opportunities, including potential for exits via strata sales, asset repositioning, or simply taking a longer-term view. In the financial…
Anti-money laundering blitz: 10 foreigners charged over crimes linked to about $1b in cash, assets
Ten foreign nationals from countries including China, Turkey and Cambodia were charged in court on 16 August 2023 over their suspected involvement in offences including forgery, money laundering and resisting arrest. These foreign…