·                Property investment sales down 55% in Q3 from Q2 - Investment sales of property reached only about S$3.8b (up to 21 September), down 55% from S$8.5b in Q2, as many investors hold back their purchases amid growing economic uncertainties, show latest figures from Savills Singapore. Investment sales often reflect the confidence of major property players in the mid to long-term prospects of the sector. However, the S$20.6b tally since the start of this year is still 2% higher than the figure in 9M10. Savills forecasts that the current quarter will end at about S$4.0-4.2b of investment sales, followed by another S$4-6b in Q4 - which will take the full-year 2011 figure to S$25-27b. The number for the whole of last year was S$31.96b.

 

·                HDB launches over 8,200 flats for sale - The HDB yesterday launched more than 8,200 flats for sale under its BTO and SBF exercises. This is the largest supply of flats ever offered in a single launch. HDB will offer a total of 5,415 new flats in seven BTO projects located in Sengkang, Punggol, Jurong West, Jurong East and Ang Mo Kio towns. In addition, another 2,847 flats will be offered to homebuyers under the SBF exercise. Analysts said that HDB is ramping up the supply of new flats as it anticipates more demand after it raised the qualifying income ceiling for new flats to S$10,000 in August, from S$8,000 previously.

 

·                Singapore's priciest homes rise 144% in value over five years - Billionaire homeowners in Singapore have seen the value of their properties increase 144% in the past five years - the highest price hike globally. This brings the average cost of Singapore's ultra-high-value homes to £1,000 (S$1,988) psf, eighth out of the 10 cities ranked, according to international real estate adviser Savills.

 

·                Popular Land buys Permai Court for S$20.25m - Popular Holdings, through Popular Land Investment, has struck an enbloc deal to buy the freehold Permai Court at Kampong Bahru for S$20.25m. A new development can potentially build up to a GFA of 23,176 sq ft, including a bonus 10% GFA for balconies. The sale price thus works out to about S$982 psf ppr, taking into consideration also an estimated development charge and the premium for the adjoining state land of about S$2.5m. The group has seen success with two completed projects: One Robin and 18 Shelford. Construction of a third project, 8 Raja, is in progress.

 

·                URA to launch tender for hotel site - The URA is planning to launch the tender for a hotel site sitting between Jalan Bukit Merah and Alexandra Road in about two weeks. The site, which was put on the reserve list in 2007, is being put up for sale through a public tender after a property developer committed to bidding no less than S$98m for it. The 99-year leasehold site is 7,946.2 sqm in size, and has a maximum permissible GFA of 22,249 sq m.

 

Source: Singapore Business Times

SGG_SGG      ( Date: 26-Sep-2011 08:48) Posted: Warren Buffet and Peter Lim are trader or investors? iPunter      ( Date: 26-Sep-2011 08:20) Posted: Sifu is so right...     In the stock market, there are 2 main types of players viz :-             a) Investors (who haven't a clue, or can't be bothered about trends)             b) Traders (who acknowledge and thus live by trends) Usually, the traders make money at the expense of the investors.         But investors have only themselves to blame, since they staunchly                 expect the stocks to go up and up forever to the sky..  lol....