rightcoastconservative

On 7th Dec 2011, the Singapore government announced that it would impose an Additional Buyer's Stamp Duty (ABSD) to moderate investment demand for private residential property and promote a more stable and sustainable market. This is needed in view of the stubbornly high inflation rate in Singapore amidst the slowing demand from developed markets. For those who don't know, inflation rate in Singapore was mainly contributed by surging property prices. The ABSD was effective 8 Dec 2011. After the  announcement , property-related stocks slumped last week, following by a slump in banking stocks because of an expected slower housing loan growth. The latest measures are a near-term negative for property developers with an anticipated trend in lower average selling prices and transactional volumes, which will hurt profitability. Nevertheless, most large-cap property developers in Singapore are relatively well diversified, not just across sectors (industrial and commercial), but also...

To capture the feel-good sentiment of local property market, Sunway City Bhd launched its latest integrated mixed development, Sunway Nexis , located at Dataran Sunway, Petaling Jaya. It was launched following the success of Sunway Giza, which open its doors recently. The development is being undertaken by Sunway Damansara Sdn Bhd, with a gross development value (GDV) of RM 500 million . A mixed commercial development sprawling over 5.83 acres Situated at the junction of Persiaran Surian and Jalan PJU 5/1A Located within the main commercial hub in Dataran Sunway Well serviced by a number of highways including NKVE, LDP and SPRINT Modern 3 storey retail shops priced at RM4million and above A 13-storey office suites block, priced more than RM 700,000 each unit A 20-storey flexi office block Source: Sunway City Bhd, Business Times