The Urban Redevelopment Authority (URA) released today the real estate statistics for the 3rd Quarter 2007.

SUMMARY

Prices of private residential, office, shop and industrial properties continued to increase, by 8.3%, 8.1%, 3.0% and 3.2% respectively in the 3rd Quarter 2007, bringing the overall increase from end-2006 to the end of 3rd Quarter 2007 to 22.9%, 22.7%, 9.5% and 15.8% respectively.

Rentals of private residential, office, shop and industrial properties increased by 11.4%, 14.8%, 8.1% and 8.7% respectively in the 3rd Quarter 2007, bringing the overall increase from end-2006 to the end of 3rd Quarter 2007 to 32.2%, 40.7%, 17.5% and 22.4% respectively.

 More: http://www.ura.gov.sg/pr/text/2007/pr07-118.html

By Yvonne Cheong, Channel NewsAsia | Posted: 21 September 2007 2221 hrs

SINGAPORE : Housing rentals in Singapore have risen faster than property prices, a phenomenon that is unique in this region.

Property analysts have pointed the finger at collective, or en bloc, sales, but they say they are not expecting rents to drop sharply even when the redevelopment projects are complete.

More: http://www.channelnewsasia.com/stories/singaporebusinessnews/view/301299/1/.html

By AFX News Limited, 8.31.07, 7:15 AM ET

SINGAPORE (Thomson Financial) - The Singaporean development charge, the tax levied by the government on property development projects, will increase by as much as 58 percent for residential condominium developments from September, reflecting rising property values in the city state, the Ministry of National Development said Friday.

The new tax rate will be effective until February next year.

More: http://www.forbes.com/markets/feeds/afx/2007/08/31/afx4071683.html  

By Alex Au (1st Aug 2007)

SINGAPORE - While global investors fret about a possible housing bust in the United States, the mounting capital outflow from the US to Asia is pumping up select Asian property markets.
Nowhere is that more apparent than in Singapore, where recent statistics show that foreign money has run up rents for private residential units by 31.2% from the middle of 2006 and 2007, while rental rates for prime office space occupied largely by foreign companies jumped 13.9% in the second quarter alone this year, reaching an average of S$10.33 (US$6.84) per square foot (psf; $1 psf = $10.76 per square meter).

More: Asia Times Online

Date: 08.08.07, 1:24 AM ET

SHANGHAI (XFN-ASIA) - Singapore property developer Ascendas Pte Ltd said it has set up two property funds in China with a total investment of 7 bln yuan, the official Caijing Magazine reported, citing company president and CEO Chong Siak Ching.

The Ascendas group holds 30 pct of the funds, while other international investment institutions from Singapore and elsewhere will hold the rest, Chong said, declining to name the investors.

The two funds -- Ascendas China Commercial Fund and Ascendas China Industrial & Business Parks Fund -- are five-year closed-end funds.

 More: Forbes

By Raphael Minder, Financial Times

Hong Kong Ascendas, the property management company, will soon announce the pricing for the first listing in SingaporeSingapore's growing clout as a centre for Asian real estate financing. of a fund investing in Indian property, underlining Singapore's growing clout as a centre for Asian real estate financing.

Bankers indicated that shares in the property investment trust, which is expected to raise $550 million from investors, has been many times subscribed.

More:

http://www.gulfnews.com/business/Real_Estate_Property/10142021.html