Enough home supply for up to 2030

Many property market participants remain in denial about the housing oversupply situation, with investors and real estate agents hoping that the outlook will improve while they ignore the growing difficulties in securing tenants amid stiff competition among landlords. It should be clear by now that the residential property segment is heavily oversupplied. Vacancies of private

Singapore Empty Homes May Climb to Highest Since 1998

Sam King had a pleasant surprise when the lease on his Singapore apartment came up for renewal late last year. For the first time in six years, King was able to negotiate a lower rent with his landlord. “It has turned into a tenant’s market,” said the 29-year-old sales director at an aviation services company,

SIBOR remains well below historical levels: Analysts

SINGAPORE: The three-month Singapore Interbank Offered Rate (SIBOR) reached 0.63 per cent on Wednesday (Jan 7), compared to 0.45 per cent on Jan 2. SIBOR is a key benchmark used to determine various lending rates. While the recent increase may signal the end of low interest rates, analysts said that for now, SIBOR remains well

Oil halts four-day drop, U.S. stockpile data supports

(Reuters) – Brent crude extended gains on Thursday to hold above $51 a barrel, after an unexpected fall in U.S. crude stocks snapped a 4-session decline the previous day. Data showing the U.S. economy remained resilient amid slowing global growth helped bolster oil, which was also supported by Chinese crude imports likely hitting a record

HDB resale prices hit 41-month low in Dec 2014: SRX

HDB resale prices in December 2014 dropped to a 41-month low since August 2011, data from Singapore Real Estate Exchange (SRX) Property revealed. This represents a 6.1 per cent decline from December 2013. Month-on-month, resale prices in December 2014 fell 0.4 per cent. The price slump was driven by HDB four- and five-room flats, whose

How $50 Oil Changes Almost Everything

The biggest collapse in energy prices since the 2008 global recession is shifting wealth and power from autocratic petro-states to industrialized consumers, which could make the world safer, according to a Berenberg Bank AG report. Surging U.S. shale supply, weakening Asian and European demand and a stronger dollar are pushing oil past threshold after threshold

Oil price dips below $50 a barrel

The price of Brent Crude oil has fallen below $50 a barrel for the first time since May 2009. It fell more than a dollar to $49.92 a barrel in early trading on Wednesday before edging back above the $50 mark. Slowing global growth and increased supply of oil and gas have pushed prices sharply

Australia home loan refinancing at 3-year high

BORROWERS are leaping at the chance that the Reserve Bank will cut its cash rate this year, with more of them looking for better home loan deals. Home loan refinancing rose to a three-year high of 37.5 per cent of all home loans in December, from 33.5 per cent in September, according to the Australian

HDB resale prices down 1.4% in Q4, based on new calculation method

SINGAPORE: Flash estimates of the fourth quarter Resale Price Index – the first estimates based on a new method of calculation – showed a 1.4 per cent decline in the prices of Housing and Development Board flats over the previous quarter, the HDB announced on Friday (Jan 2). The newly-adopted Stratified Hedonic Regression method “will

Private residential property prices down 4% in 2014: URA

SINGAPORE: Private residential property prices fell 1 per cent in the fourth quarter of 2014, according to Urban Redevelopment Authority (URA) flash estimates released on Friday (Jan 2) – a larger decline than the 0.7 per cent slide in the previous quarter, and the fifth consecutive quarters of price decreases. For the whole of 2014,

HDB flat on fire at Tampines | Singaporean Teen on Twitter

HDB flat on fire at Tampines: pic.twitter.com/DPkT9ZIO5A Source: twitter.com

One in three property sellers cut asking prices, says Zoopla

Website claims 33% of homes on market have been discounted in sign of cooling market and more realistic sellersA third of homeowners trying to sell have cut their asking prices since putting their homes on the market, according to the property… Source: http://www.theguardian.com

Bank of England committee remains divided over interest rate rise

Minutes from December meeting show two members voting again for increase, saying dip in inflation has clouded Bank’s view The Bank of England’s interest rate setting committee was split in December when two members maintained their view that… Source: http://www.theguardian.com