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The luxury housing sector is expected to lead the way for the Singapore property market this year, according to real estate broker Savills. Savills is forecasting that prices in the luxury segment will rise 15 per cent in the year ahead. However, prices in the mass market and mid-end properties could see values move up by about [...] Singapore private home prices suffered their biggest drop in more than 30 years in the first three months of 2009 as the country’s worst-ever recession hammered investor sentiment in the recently booming property market. Home prices fell 13.8 per cent in the first quarter of this year compared with the previous quarter, the Urban Redevelopment Authority [...] Singapore’s property market is looking relatively less attractive to investors as they worry about oversupply and overdevelopment on the island. According to a joint survey by PricewaterhouseCoopers (PwC) and the US-based Urban Land Institute (ULI), Singapore is fifth in a ranking of Asia-Pacific cities’ property investment prospects, falling three notches from a year ago. In another [...] FOR real-estate investment next year, Singapore is among the top five markets in the Asia-Pacific, says an Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) report. According to the Emerging Trends in Real Estate Asia Pacific 2010 survey, residential properties look set to give the most promising returns, thanks to Singapore’s transparent market. Shanghai is the top investment [...] |
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