24 Feb '11, 1pm

Property prices may soon drop

SINGAPORE: The head of Singapore's second-largest developer said property prices in the Republic could drop by three to five per cent this year. City Development's billionaire chairman Kwek Leng Beng gave this assessment as his company announced a record pre-tax profit of more than S$1 billion for 2010. Housing unit prices in Singapore could experience a small drop this year because of the government's latest property cooling measures, which include a steep stamp duty on sellers. Mr Kwek said a price correction will be a good opportunity for buyers to re-enter the market -- especially for properties on Sentosa island, home to one of Singapore's two integrated resorts (IRs). "I believe the volume will go down to some extent. The prices will not plunge. The prices, depending on where, may be down three to five percent," Mr Kwek said. "But the volume will be down to some exte...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

Tweets

Singapore property prices continue to firm despite cooling measures

Singapore property prices continue to firm desp...

channelnewsasia.com 28 Feb '11, 1pm

SINGAPORE : Non-landed private home prices in Singapore galloped higher in January despite the government's recent stringe...

Residential property prices reach seven-year hi...

channelnewsasia.com 28 Feb '11, 9am

TAIPEI: Residential property prices in Taiwan have reached a seven-year high, triggering fears of a housing bubble. The bo...

Starting next Tuesday, all property agents will have to display their ID cards when working

Starting next Tuesday, all property agents will...

straitstimes.com 25 Feb '11, 1am

(From left) ERA team director Michael Wong, 48; marketing executive Christine Lo, 27; and marketing director Wesley Choy, ...

Ensuring property market's stable growth for al...

todayonline.com 03 Mar '11, 11pm

Everybody knows the property market was very hot last year. This was due to various factors: Low interest rates, excess li...

S'poreans fear inflation may rise further: SINGAPORE : As the inflation rate hits a new high, Singaporeans are s...

S'poreans fear inflation may rise further: SING...

channelnewsasia.com 23 Feb '11, 1pm

SINGAPORE : As the inflation rate hits a new high, Singaporeans are scrambling to manage costs because they fear things co...

Tax rebates, property cooling measures expected...

channelnewsasia.com 22 Feb '11, 12pm

HONG KONG: The Hong Kong government is due to unveil its budget for Fiscal 2011-2012 on Wednesday. With an expected budget...

[TODAY] Property cooling measures taking effect...

todayonline.com 04 Mar '11, 5am

SINGAPORE - The Government's property measures - both on demand and supply - have started to have a stabilising effect, Na...

More mainland Chinese investing in Singapore pr...

channelnewsasia.com 04 Mar '11, 11am

SINGAPORE: There was a record number of mainland Chinese home buyers in the last quarter of 2010, according to data from t...

5 major supermarket chains here have pledged to keep prices stable for some of their house brand products

5 major supermarket chains here have pledged to...

straitstimes.com 25 Feb '11, 11am

MOS Lee Yi Shyan (right, with Mr Seah Kian Peng, left, chief executive of NTUC Fairprice and MP for Marine Parade GRC, and...

Vietnam's government raises fuel prices by 24 p...

sg.news.yahoo.com 24 Feb '11, 9am

HANOI, Vietnam – Vietnam raised fuel prices by up to 24 percent, adding to soaring inflation and causing gridlock in the c...

Son's unit may be one of Gaddafi's last lines o...

straitstimes.com 25 Feb '11, 9am

WASHINGTON - MUAMMAR Gaddafi's grip on power may depend in part on the performance of an elite military unit led by one of...

Pundits and politicians are predicting that the next General Election will be held in May

Pundits and politicians are predicting that the...

straitstimes.com 20 Feb '11, 2am

Ms Low Yim Fun, 67, a tissue packet seller, in her one-room flat in Toa Payoh. Needy citizens like her will likely receive...

COE prices increase across the board: SINGAPORE: The Certificate of Entitlement (COE) prices have gone up across...

COE prices increase across the board: SINGAPORE...

channelnewsasia.com 23 Feb '11, 8am

SINGAPORE: The Certificate of Entitlement (COE) prices have gone up across the board in the latest bidding exercise which ...

Project runway: by Lynette Koh IF YOU stroll do...

todayonline.com 25 Feb '11, 11pm

IF YOU stroll down Orchard Road sometime in the middle of May this year, you may just find yourself face-to-face with top ...

Being bilingual may delay Alzheimer's

todayonline.com 21 Feb '11, 6am

LONDON - Learning a second language and speaking it regularly can improve your cognitive skills and delay the onset of dem...