
Daily Briefing: Cheap money crushes office property slump; CapitaLand callable bonds get risky bets
And five local home developments to keep an eye on.
Despite a glut of vacant and under-construction office space and a 10 percent slide in central-district rents over the past year, the city is attracting investors. Purchase prices in the main financial area are down only 3 percent from last year, which makes them 50 percent more expensive than just after the 2008 financial crisis. Read more here.
Market prices on callable bonds sold by Singapore’s biggest property developer suggest some investors aren’t fully aware of risks associated with the notes’ structure, according to fund researcher iFast Corp. Read more here.
Houses in Singapore aren't made equal, obviously. Even though most of us live in high-rise apartments (think: HDB flats), some home projects are more exciting than others. All of us need a roof over our heads although we know that houses aren't that cheap in Singapore no matter how much we wished prices would swoop down. Here are 5 of the most interesting home projects in Singapore. Read more here.