SG no home for luxury developers as cooling measures bite
(17 April) Luxury property developers in Singapore are facing their worst sales outlook in six years as a raft of government measures to cool one of the world's most expensive real estate markets bite. Sales of private homes, which account for just under one-fifth of the total property market, fell to their lowest in more...
Temasek invests $150M in Nigerian energy company
(16 April) The second major acquisition in Africa by Temasek Holdings Pte or one of its units in six months shows the growing interest in a continent where many countries are expanding faster then developed markets. Singapore’s state-owned investment company will buy a stake in Seven Energy International Ltd. for $150...
Singapore’s property market in a standoff
(15 April) Singapore's property market has entered a standoff between bargain-seeking buyers and developers sticking to their pricing guns, with March's new home sales dropping 83 percent from a year earlier. "Buyers think they can have their cake and eat it," said Alan Cheong, senior director for Singapore at Savills Research....
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