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The Business Times  |  14 May 2013 RECENT policies by the Singapore and Hong Kong governments to cool the growth of property prices in the first quarter of the year appear to have taken a toll on their luxury home markets, two separate reports noted yesterday. RECENT policies by the Singapore and Hong Kong governments to cool the growth of property prices in the first quarter of the year appear to have taken a toll on their luxury home markets, two separate reports noted yesterday. A Jones Lang LaSalle (JLL) report yesterday on the luxury residential market in the Asia Pacific for Q1 of 2013 showed that out of nine markets that it monitors, only Singapore and Hong Kong saw prices fall from the previous quarter. Average capital values for Singapore high-end homes fell 0.6 per cent while those for Hong Kong fell 1.1 per cent. This compares with the 8.7 per cent gain by similar Jakarta properties and the 6 per cent growth for Kuala Lumpur luxury homes.

The Straits Times  |  14 May 2013 Prices of luxury homes continued to rise across much of Asia in the first quarter, except in Singapore and Hong Kong, where property market cooling measures deterred buyers PRICES of luxury homes continued to rise across much of Asia in the first quarter, except in Singapore and Hong Kong, where property market cooling measures deterred buyers. The capital values of high-end residences climbed 2.2 per cent on average across nine Asian markets in the three months to March 31 from the preceding quarter, consultancy Jones Lang LaSalle (JLL) said in a report yesterday. Prices were also 6.1 per cent higher year on year on average, noted JLL, which tracked Beijing, Shanghai, Bangkok, Kuala Lumpur, Manila, Jakarta and Mumbai in addition to Singapore and Hong Kong. The luxury segment here recorded a price dip of 0.6 per cent in the first quarter from the preceding three months. High-end prices also fell 4.3 per

Channelnewsasia.com  | 15 May 2013 11:38 PM Raffles Quay Asset Management said it is confident of filling up the rest of the office space at Marina Bay Financial Centre Tower 3, as well as sell the remaining units of luxury apartments at Marina Bay Suites. SINGAPORE: Raffles Quay Asset Management said it is confident of filling up the rest of the office space at Marina Bay Financial Centre Tower 3, as well as sell the remaining units of luxury apartments at Marina Bay Suites -- despite uncertainties in the global economy and the property cooling measures announced in January 2013. About 88 per cent of the 221 units at Marina Bay Suites have been sold so far. While sales have slowed, the manager of MBFC said it is confident that buyers will return. The high-end residential development, with an average selling price of S$2,700 per square foot, will be ready for occupation soon. The luxury property segment has been hit by various rounds of property

Channelnewsasia.com  | 15 May 2013 2:03 PM Sales of new private homes, excluding executive condominiums, nosedived by some 50 per cent to 1,375 units in April, according to figures released by the Urban Redevelopment Authority on Wednesday. SINGAPORE: Sales of new private homes, excluding executive condominiums, nosedived by some 50 per cent to 1,375 units in April, according to figures released by the Urban Redevelopment Authority (URA) on Wednesday. This compares with the 2,793 units moved in March, which was the highest monthly sales volume since June 2007. The April figure was also lower than the 2,497 new home sales recorded in the same month a year ago. Market watchers were not surprised by the sharp fall in April. They had expected the decline, given the extraordinarily high base of sales seen in March, something they said was unsustainable. Furthermore, the lack of large-scale project launches in April naturally meant fewer sales.