Property News & Market Trends

Will US housing blues affect S'pore property boom?

That's on every anaylsts' minds. In fact, some developers will be trying out the market treshold again.

Capitaland will push out The Seafront@Meyer at $1,800psf.  That's a competitive price considering the neighbouring The View@Meyer by Guocoland.

I bet the sentiments from US markets may not find their downturn affecting Singapore so fast, unless the US stocks falls drastically this week again.

So far, many property investors are still ignorant about the worrying situation in US property markets.  Looks like the flipping wheeler-dealers in US are experiencing their own somersaults now. Some major influence are dumping and said the US property market may have worst impact compared to the Japanese property bubble.  That's a worrisome view.

However, the good news is - Asia is experiencing some pretty strong economic growth. And with Singapore driving our population up to 6 million, that's quite a soothing relief, temporary.

F1 in Singapore?
3 cheers for Ong Beng Seng. He did it again. Apparently, he ousted another bidder with shrewd business sense and strong ties with the man at F1.

If F1 is coming to Singapore, what could happen to the property scene?

Well, surely hotel rates will jump 3 fold but the interruptions to businesses, traffic and lifestyle for that 3-4 days of event is really unimaginable. If they can pull this off, it'll be a major breakthrough to our entertainment scene.

Indirectly, it'll surely make Singapore a recognisable "red dot" on the map. That'll probably drive tourists, students, visitors and many others to come to this green island to stay. Well, tenancies, for one will shoot up and thereby, affecting property. Long shot? I guess many laughed when Mr Ong says he wants to bring F1 to Singapore. Bet he's the one laughing now.

Goodwood Park for sale?
That's ridiculous. Some unknown "investors" were attempting to acquire Goodwood Park & the surrounding properties was rebutted by Goodwood Park owners themselves. How would you expect one of Singapore's richest family to sell out their beloved dad's Hotel?  It'll be a shame and a dishonour to them.

What should be proposed instead, is for Goodwood to lead in redevelopment of the area to make their dad proud of them. Think about it. They don't need money. They need a legacy. Help people to get what they want and you will get what you want. Why didn't anyone tell these "investors"?

Good News - China is protecting property ownership
That's a radical move but a timely one. It shouldn't be announce earlier or it'll fuel property speculation. But with the market in reins, it's time to steady the ride. It may not boost property purchases right away but it'll draw foreign interest again.

With the Olympic around the corner, many things can happen but assurance to foreign ownership is a good sign.

Keep an eye on this page. Many things will happen before the month end. - Danny 'Bingo'

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