{"id":28663,"date":"2016-10-05T09:55:54","date_gmt":"2016-10-05T02:55:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/even-the-most-luxurious-homes-in-singapore-are-now-relatively-cheap\/"},"modified":"2016-10-05T10:00:49","modified_gmt":"2016-10-05T03:00:49","slug":"even-the-most-luxurious-homes-in-singapore-are-now-relatively-cheap","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/even-the-most-luxurious-homes-in-singapore-are-now-relatively-cheap\/","title":{"rendered":"Even the most luxurious homes in Singapore are now relatively cheap"},"content":{"rendered":"


\nStill an upbeat investor sentiment in the city
\nA water show in front of The Shopper at Marina Bay. Vietnamese Photographer \/ Shutterstock.com
\nProperties at the upper echelons of Singapore\u2019s residential property market are now cheap and consequently investor-friendly, experts say.
\nCompared with offerings in London, Hong Kong and New York, current luxury home values in Singapore are cheaper by as much as 165 percent, JPMorgan Singapore property analyst Brandon Lee told CNBC.
\nThis represents a \u201cvery attractive\u201d environment for negotiating \u201cblock deals\u201d between residential developers and private equity and global property funds, Lee reported, adding that family offices and high net worth individuals are also looking into purchases of multiple apartments.
\nIn fact, values in Singapore are \u201ca joke\u201d next to markets like Monaco and Hong Kong, according to Alexander Karolik Shlaen, CEO of luxury brands and investment adviser Panache Management.
\nMore: Singapore\u2019s \u2018plant whisperer\u2019 on why \u2018green walls\u2019 are now a thing
\nPrivate home prices in Singapore experienced their steepest quarterly drop in seven years, the government revealed yesterday. Analysts believe this decrease could be taking into account delayed discounts offered by developers, which are necessary given the Singaporean government\u2019s strict penalties on units unsold after two years.
\nHowever, total property investment sales in Singapore in the third quarter of 2016 grew 16 percent year-on-year to SGD4.61 billion (USD3.4 billion), according to preliminary estimates by Jones Lang LaSalle Singapore. In addition, sales in the city-state totaled SGD 15.41 billion (USD11.3 billion) in the first nine months of the year, compared with SGD14.49 billion over the same period in 2015, preliminary data showed.
\nThe fierce bidding for sites that the Singapore government recently put out for tender attests to the upbeat investor sentiment in the city, Tay Huey Ying, head of research for Jones Lang LaSalle Singapore said. She noted that the recent bidding for a Fernvale Road parcel was \u201cthe most intense competition ever seen\u201d for a Government Land Sales plot, with the top three bids separated by a 0.1 percent margin.
\nRead next: The tender for Singapore\u2019s coveted Fernvale Road site has been won
\n
\nSource : property-report.com
\nRead more…Even the most luxurious homes in Singapore are now relatively cheap<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Still an upbeat investor sentiment in the city A water show in front of The...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-28663","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7sj","jetpack-related-posts":[{"id":69556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-acquires-another-residential-plot-in-singapore-for-us462m\/","url_meta":{"origin":28663,"position":0},"title":"Chinese developer acquires another residential plot in Singapore for US$462m","date":"October 20, 2017","format":false,"excerpt":"\r Shenzhen-based Logan Property has Singapore firmly in its sights. The company has bought a large scale residential site for S$629 million (US$462 million) \u2013 its second in the city within five months. The Hong Kong-listed firm won the bid for a project called Florence Regency located in Hougang district,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55909,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/logan-property-turns-to-singapore-in-its-bid-to-diversify\/","url_meta":{"origin":28663,"position":1},"title":"Logan Property turns to Singapore in its bid to diversify","date":"May 25, 2017","format":false,"excerpt":"\r \u00a0 Drawn by the city-state\u2019s stable operating environment and low tax system, Logan Property Holdings marked its maiden foray into Singapore with a record $1.003 billion bid for a prime residential site in Stirling Road with Nanshan Group, reported The Straits Times. Logan Property investor relations director Derek Lee\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21957,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-developer-is-avoiding-the-singapore-property-slump-heres-how\/","url_meta":{"origin":28663,"position":2},"title":"This developer is avoiding the Singapore property slump \u2013 here\u2019s how","date":"August 4, 2016","format":false,"excerpt":"\r Office rentals to tide Ho Bee Land over until the Singaporean market is ready for residential Singaporean property investor Ho Bee Land, has been reaping the rewards of its gear shift this decade, playing up office space leasing and shying away from selling residential developments. Revenues in the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57566,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-seeks-more-projects-in-singapore\/","url_meta":{"origin":28663,"position":3},"title":"Chinese developer seeks more projects in Singapore","date":"June 12, 2017","format":false,"excerpt":"\r Logan Property, a developer listed in the Hong Kong bourse, is considering other residential and commercial projects in Singapore, particularly those situated in prime areas, reported The Business Times. In May, the firm and Chinese conglomerate Nanshan Group secured the residential site at Stirling Road for over SGD1 billion,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22191,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/heres-how-one-developer-is-avoiding-the-singapore-property-slump\/","url_meta":{"origin":28663,"position":4},"title":"Here\u2019s how one developer is avoiding the Singapore property slump","date":"August 7, 2016","format":false,"excerpt":"\r Office rentals to tide Ho Bee Land over until the Singaporean market is ready for residential. Singaporean property investor Ho Bee Land has been reaping the rewards of its gear shift this decade, playing up office space leasing and shying away from selling residential developments. Revenues in the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-overseas-property-investment-soared-40-in-2017\/","url_meta":{"origin":28663,"position":5},"title":"Singapore\u2019s overseas property investment soared 40% in 2017","date":"January 30, 2018","format":false,"excerpt":"\r Singapore\u2019s overseas real estate investment surged by around 40 percent to a record US$28.4 billion (S$37.2 billion) in 2017, making it the fifth-biggest source of capital globally, after the US, Hong Kong, China and France, reported Business Times. The city-state has also become the biggest Asian investor in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28663"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=28663"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28663\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=28663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=28663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=28663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}