UBS Global Real Estate Bubble Index 2019

[AhMeng]

https://www.ubs.com/global/en/wealt...EBIPAGE-BANNER-WORK-JPG-ANY-ANY&publisher=545

 

[AhMeng]

Singapore properties are fair valued.

 

[knowwhatyouwantinlife]

 

[AhMeng]

View attachment 66626

Pricing it at $1800 psf...Lol

 

[hofmann]

Pricing it at $1800 psf...Lol

Government land sales program is distorting market prices upwards due to their monopoly power over land supply. This has a knock on effect on overall property prices and hence rentals, and eventually consumer prices as businesses face higher costs. Inflation in property prices has surpassed wage growth.

Yes, this is good for government coffers but this money is extracted from the people when we pay high prices for our homes. If the money is well managed like Norwegian Oil fund, that is good. When the money is lost on risky VC type bets or otherwise, it is not good.

The Woodleigh Residences Developer
The Woodleigh Residences is being developed by Singapore Press Holdings (SPH) Limited and Kajima Development Pte Ltd.

Formed as a consortium, the developers acquired the 99-year leasehold mixed residential and commercial site next to Woodleigh MRT station for a whopping $1.132 billion (or $1,181 psf ppr) via the government land sales (GLS) programme – back in June 2017.

There were another 11 developers involved in the land tender and the top 4 offers all came in at more than $1 billion.

 

[halsey02]

Now you know why SPH is 'shedding' staff?. Their newsprints are 'antibiotics'...the rest of their business is toxic...they have an ex- SAF General at the helm....

 

[syed putra]

Jb only RM600k psf.