Property News

RESIDENTIAL MARKET Luxury homes left empty in quiet market Completed luxury homes without owners are gathering dust in exclusive pockets of the city centre as developers hold off selling them in a moribund luxury market. In the Ardmore Park area off Orchard Road, for instance, an entire condominium project has been completed but not launched for sale. Other projects nearby could soon face the same fate. Developers who can afford to wait may have chosen to hold back launches in the prime Districts 9, 10 and 11 given the very quiet luxury market, analysts say. While the residential property market […] Read More →

RESIDENTIAL MARKET StanChart sees further S’pore home price drop Singapore’s home prices will probably fall further before the housing curbs introduced in the past five years are scaled back, says Standard Chartered Plc’s Southeast Asia head. “You would start to take away some of these measures if price growth reaches a certain level of equilibrium,” Lim Cheng Teck, StanChart’s CEO for Asean, said in an interview yesterday. “I don’t think we are at an equilibrium yet.” The city’s private home prices dropped by the most in almost five years following a campaign that started in 2009 to curb property market […] Read More →