latest property sales breakdown

[sheiwah]

http://sbr.com.sg/property/news/private ... ruary-2011

interesting breakdown of various region performance...

[jeffreychua]

Thanks for sharing. I am looking for a property for own stay.

[Dennis Ng]

will some of the Rich Japanese come to Singapore to buy properties? Out of many countries, it seems like Singapore is comparatively safe from any possible Nuclear Radiation...

China, Hong Kong, even Philippines is NOT safe if nuclear radiation happens.

[sheiwah]

i seen quite a number of japanese in the eastern part of singapore, think japanese school near Changi. the pte property ard the area are mostly rented out to them. neat ppl.

[kelly wee]

I have japanese rep in the office and they told me that japanese like singapore very much cos is it almost like japan. They can find japanese food/restaurant/school and transport is very convenience here too.

I think some rich japanese may come here and will benefit the hotel businesses (orchard parade may be one of them ) and pte apartment here.

[ctsan1]

Most the Japanese expatriate stay in West Coast/Clementi area because of there is Japanese Primary and Secondary School in this area. Recently, more Japanese stay in Changi side because there is 2nd Japanese Primary school there.

I work in 2x Japanese MNC for >10yr, most of them stay in clementi/west coast area. To my observation, Japanese never think of invest any property outside Japan, they are rather rent and stay. My 2 ex-MD (Japanese) stay in Singapore 27yr and 22yr respectively but they never invest any property in Singapore, instead they invest in Japan. Similarly, my Japanese expatriate in China Shanghai also never invest the property in China, few of my company expatriate from Singapore invest in Shanghai property and all make a huge profit. I think Japanese have very strong sense of belonging to their own country. They love their country, even though they know outside is better and they effort to do the investment. Not like our grandparent, they are struggle for living and surviving hence never think of investment.

Kelly is right, most of the Japanese like to stay in Singapore, one of my ex-MD whole family migrate to Singapore ~20yr and their son bought a private property in Tanah Merah few year ago. I guess the son is growth up in Singapore instead of Japan, hence lack of sense of belonging to Japan.

cheers
ctsan

[moneyisfreedom]

http://sbr.com.sg/property/news/private ... ruary-2011

interesting breakdown of various region performance...

For the first time in the last year or so, I have come across properties (including landed properties) purportedly selling below their valuation price. I think that there is greater fear that the market is not so rosy or that things will turn bad soon. Fears of rise in interest rates , over supply and a general sense that the problems which caused the downturn (toxic debt and overspending by Western Govt), and even fears of whether the asian economies can continue to power ahead (in light of recent disasters, oil shocks, unrest e.t.c.) are finally starting to bite.

This can only be good. It is better to start to slowly deflate this property bubble, than for it to burst suddenly. Less pain for society as a whole.