Instead of shrinking from the growth of e-commerce, developers are doubling down on large-scale mixed developments – but uncertainties remain over the future of physical retail.
As the economy in the Lion City slows, more are defaulting on their home loans. Meanwhile, private homes continue to be built, prompting analysts to warn of an oversupply.
In the city where part of the Crazy Rich Asians movie was filmed and where the home ownership rate stands at more than 90 per cent, a forgotten few sleep outside.
Members of mainland China’s burgeoning middle class are increasingly looking to park their wealth outside the country, and as Hong Kong is roiled by anti-government protests, the Lion City has become a more attractive option.
Hong Kong’s struggles to house its population don’t just stem from its shortage of land, and looking to the Lion City as a model is unrealistic.
Singapore’s Sentosa Cove was once touted as a home for the rich and famous. Twenty years on, with property prices in the doldrums, some wonder if it is more Bali than Monte Carlo. Still, there are signs its fortunes have turned.
There is no shortage of optimism about the Lion City’s housing market, but experts say that confidence is misplaced amid rising foreclosures, stagnating home loans growth and the worsening global economic outlook.
Public housing owners in Singapore fear heavy losses as their leases run out. But with an election looming, the government will surely step in. Won’t it?
A group of Singaporeans in their 60s and 70s became millionaires overnight when their condos were bought in collective sales by land-hungry developers. But it’s not all smooth-sailing, as health woes and other issues persist