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SINGAPORE PROPERTY Commercial Redevelopment Fuels Luxury

Category: Real estate, Posted:18 Mar 2010 | 06:00 am

Given the surge in Asia's property markets Singapore is experiencing a phenomenon with CBD (central business district) properties being converted into luxury residential back of continued demand.
In a growing urbanization of real estate older commercial properties which seen seen rents falling are now being redeveloped into upscale homes to tap into a ramped up market. As the city state continues to develop critical mass for project such as the Marina Bay Financial district, this creates vacancy rates in aging building which forces developers to shift business models.
While during the recent GFC (global financial crises) many institutional investors flocked to steady yield income investments and stabilized returns such as commercial; the property demand remains an increasingly attractive high profit proposition.
Despite warnings in Hong Kong, China and elsewhere of a new property bubble for now residential property remains the flavor of the moment.

Other News

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Direct International Flight For Koh Samui Coming

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Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
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Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]