Singapore Real Estate – Downtrend Unlikely to Continue

As buyers are waiting for the market to dip further with news such as Japanese billionaire Katsumi Tada losing $15.8 million (SGD) on his St Regis penthouse, here are some news that is happening around the world and in Singapore that could make you think a little bit more why waiting might not be the best thing to do.

World Stimulus Plans in order

China stimulus plans

These are some abstracts of what happened just a month odd ago in China, the biggest concerned market in the world.

CHINA DATA: Earlier, sentiment was supported by Chinese data showing consumer inflation remained at 1.4 percent in March, well below the government’s official target. That fueled expectations the central bank might launch new stimulus to fend off deflation. Low inflation is a boon to consumers but a bout of potentially damaging deflation could add to fears about the Chinese growth outlook.

CHINA STIMULUS: “We expect possibly the weakest” growth in China this quarter since the 2008 crisis, “and thus more easing,” Citigroup economist Minggao Shen said in a report.

Japan stimulus plans

NIKKEI RECORD: Japan’s Nikkei 225 closed down 0.2 percent to 19,907.63 after rising above 20,000 for the first since April 2000 during the morning session. The gains were based on expectations for Japan’s economic recovery and brisk corporate earnings, following aggressive monetary stimulus. The benchmark index, however, could not sustain that level as investors turned to take profits.

With any stimulus, there will be more money flowing which supports strong inflation for months to come, especially with markets like China and Japan. Real estate no doubt has always shown and is one of the most preferred asset class to combat against inflation. Continue reading “Singapore Real Estate – Downtrend Unlikely to Continue” →

Square Foot – A New Contender Tool in Singapore Property Analysis

Squarefoot is relatively new and yet it has been buzzing the Realtor’s arena as the new kid on the block which delivers property data putting itself in the ranks of StreetSine which has a more mature Singapore Realtors’ market share. What makes Square Foot tick?

Interesting Data

Under market watch, you would be able to check out the trends on the shoebox units (definition: units less than 500sqft) in the market which is of interest to many property investors as of late on how they are doing, prior and after the TOP status on their annualized gains. You have interesting details such as returned units in the market, where such data is rarely available. This would give a more accurate forecast of the actual units which is being sold in a primary market as depicting whether the units are fully sold out (whether phases of their marketing is really doing well since you can get a good picture of how many units are returned back) Continue reading “Square Foot – A New Contender Tool in Singapore Property Analysis” →

The Edge – Done Deals Between January 15 to January 22

The Edge has released the weekly list of Singapore property transactions done between January 15th to January 22nd 2010.

Download a copy of the pdf here.

Among the Highlights

An apartment at District 4 Caribbean at Keppel Bay sold for $1,497 psf
An apartment at District 14 The Trumps sold for $952 psf
A terrace house at District 15 Everitt Road sold for $1,310 psf
A terrace house at District 9 Emerald Hill sold for $3,513 psf