Cooling measures may turn investors away from S’pore residential property into stocks
By STRAITS TIMES SINGAPORE: Singapore’s property cooling measures could deter investors from residential property and into stocks, according to investment experts. The latest measures imposed an additional 10% stamp duty on foreigners buying private homes, a move that could affect demand and investment strategies, said DBS Group Research. “Owner-occupier buyers are likely to hold back [...]
IOI targets project at Singaporeans
By THE STAR KULAIJAYA: IOI Corp Bhd does not see any effect from the additional 10% stamp duty ruling imposed by the Singapore government on foreigners buying private property on its new project there. IOI Properties Bhd senior general manager Simon Heng said the company was targeting Singaporean buyers instead of foreigners for its Clementi [...]
IOI Corp wins bid for S’pore condo land
By THE STAR KUALA LUMPUR: IOI Corp Bhd has won a bid for a parcel of land in Singapore for S$408mil (RM995.5mil) that would enable the company to be involved in mass property market in the island-state. IOI Corp said its 99.8% indirect subsidiary Multi Wealth (S) Ltd had been notified by the Housing and [...]
SP Setia going downtown
By THE STAR It plans to take advantage of lower prices in Vietnam property market Ho Chi Minh City: SP Setia Bhd hopes to take advantage of lower prices in Vietnam’s property market by starting a development in downtown Ho Chi Minh City or Hanoi. SP Setia’s first two projects in Vietnam are housing developments [...]
New Zealand housing index higher in 2011
By REUTERS WELLINGTON: New Zealand’s housing market finished last year on a firm footing, but the outlook for 2012 is uncertain because of the European debt crisis, government property valuer Quotable Value (QV) said. QV said that its residential property index was up 2.4% in the year to December, after a 1.7% increase in the [...]
HK property market tipped to fall
By BUSINESS TIMES HONG KONG: The real estate market here is tipped to extend recent falls this year, analysts said yesterday, as property transactions dived to a five-year low in 2011 after a slew of measures to curb prices. Leaders in the southern Chinese city have been trying to control prices, which have become a [...]
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