Are we wrong about Singapore’s private residential property market?

Singapore-residential-property-news

Purchasers have soaked up well-positioned projects

Singapore’s private residential property market has shown signs of life recently with both developers and end-purchasers being particularly active. In March 2016, Sim Lian Holdings surprised the market with good sales of Wandervale, moving almost 300 units (total 534 units) within the first month of launch. Based on feedback from the ground, Sim Lian Group is again poised to defy market expectations with a better than expected response to the pending launch of another executive condominium, the Treasure Crest. Some might attribute this to these being executive condominiums which are fairly priced and catering to localised demand. However, over the last weekend, GEM Residences, a private condominium, managed to sell about 50% of its units despite a relatively high price and not too exciting location. These are rather sterling sales performance despite known market weaknesses. (more…)

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Is the sharing economy reshaping the office market?

114 East 25th_Dusk Main Entrance

The sharing economy is reshaping the way we live, consume and use things and services. The consumption of office spaces has not been immune to that. As more and more individuals embark on their own entrepreneurship journey, demand for office space has taken on a different form. Traditionally, entrepreneurs have used the services of serviced offices. However, in developed markets, serviced offices are losing favour because of the increasing demand for coworking spaces. What are the key differences between them and is the latter a sustainable trend? (more…)

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The next big thing in real estate investment

BD Bacata

Flip through any newspaper over the weekend and you will see a buffet of investment options in the real estate market. Typically, there are investment options from Melbourne, Sydney, London, Ho Chi Minh City, Tokyo, Bangkok and the list goes on. However, as many investors have found out, owning a property overseas can entail a lot of pain: the pain of finding a good absentee manager, the pain of sourcing for tenants, the pain of paying the high cost of ownership, the pain to ensure compliance with taxation laws, and the pain in selling off the investment. Perhaps it’s time for a rethink. Investors in Singapore might want to rethink their allocation of resources and look at real estate crowdfunding as a viable alternative.  (more…)

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