Top 10 Stories of 2012

By Romesh Navaratnarajah:

2012 has been a bright year for Singapore's property market, and as the year draws to a close, we take another look at the 10 most read stories on PropertyGuru this year.

1.    First to make the list was a story published on 12 April about the record-breaking sales of three resale HDB flats that hit the S$900,000 mark only a few months apart. To ease the concerns of many Singaporeans, several property experts noted that these sky-high prices are exceptional and do not represent HDB prices as a whole. Read more >

2.    Second on our list is an exclusive story that revealed how some HDB resale units have become more unaffordable than private homes. In fact, some resale flats proved to be "severely unaffordable" using a globally-recognised formula. Read more >

3.    In early January, Bank of America Merrill Lynch predicted that Singapore home prices would drop by 12.5 percent in 2012 (a prediction that never took place) and a further eight percent during 2013. Moreover, the firm forecasted a substantial oversupply in the private residential market over the next four years. Read more >

4.    PropertyGuru also reported on a S$39 million bungalow sold at Sentosa Cove that once belonged to Deepak Sharma, Chairman at Citi Private Bank and his wife Susan Lim, a well-known surgeon. The property stirred much interest after it fetched the highest selling price for a bungalow on Sentosa Cove at the time. Read more >

5.    In February, it was reported that a Malaysian female official accused of squandering government loans had acquired two high-end condo units for over S$7 million each at Marina Bay Suites in Singapore. Read more >

6.    In a story titled "Are we Singa-poor?" PropertyGuru touched on how a growing number of Singaporeans spend their savings paying off home loans, with many suffering financially after their savings have dried up. Published in May, the story also mentioned how several buyers are not high-income earners and are yet paying very high mortgages. Read more >

7.    After the government's property cooling measures in December 2011, private home sales dropped to their lowest level in two years, with data from the Urban Redevelopment Authority (URA) indicating a 64 percent decline in home sales for December last year. Read more >

8.    Singaporean property buyers and investors were urged to be cautious when buying property in London amid on-going concerns that they sometimes pay too much for homes in undesirable locations. Published on 8 February, the report also stated that over 40 percent of off-plan purchases in London are carried out by Southeast Asian buyers and include Singaporeans. Read more >

9.    Back in Singapore, PropertyGuru had initially reported that a naturalised Singaporean and her China citizen father were the buyers of a resale executive maisonette at Mei Ling Street, Queenstown, which famously became the first public housing unit sold for a million dollars. It has since been clarified that the buyers were born and bred Singaporeans. Read more >

10.  This year, there has been much debate over the popularity of shoebox homes. Among the critics, CapitaLand's outgoing CEO Liew Mun Leong called such homes "almost inhuman" earlier in the year. In its defence, Oxley Holdings Chief Ching Chiat Kwong said he saw nothing wrong with shoebox apartments, adding that these homes are an affordable option. Read more >  Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@allproperty.com.sg  Related Stories:BBR Holdings wins HDB contracts What will happen in 2013? Find out in The PropertyGuru

PropertyGuru blood donation drive a success

More from PropertyGuru:
PropertyGuru: The undisputed leader
BBR Holdings wins HDB contracts
What will happen in 2013? Find out in The PropertyGuru
PropertyGuru blood donation drive a success

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • Asia markets track Wall St up, US jobs in focus
    Asia markets track Wall St up, US jobs in focus AFP News - 18 minutes ago

    Asian markets rose on Tuesday, with Tokyo recovering from initial losses as expectations of a US interest rate hike and talk of more Japanese monetary easing pushed the yen down against the dollar. Bets on a rate hike this year have soared after … More »

  • Exclusive: Six U.S. senators urge Obama to prioritize cyber crime at G20 summit
    Exclusive: Six U.S. senators urge Obama to prioritize cyber crime at G20 summit Reuters - 26 minutes ago

    Six U.S. senators have urged President Barack Obama to prioritize cyber crime at this weekend's Group of 20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters. The … More »

  • Why you should ignore Federal Reserve noise
    Why you should ignore Federal Reserve noise Truewealth Publishing - 30 minutes ago

    Over this past weekend, a group of old people met at a remote mountain resort in the middle of nowhere in the U.S. and talked about money. And judging from the way the financial media treated the event, it may well have been the Greek mythological … More »

  • Tokyo shares flat by break, soft data offsets weak yen AFP - 31 minutes ago

    Tokyo shares ended the morning session flat on Tuesday as tepid data and profit-taking from the previous day's rally offset a weaker yen and a rally on Wall Street The benchmark Nikkei 225 index ticked ... … More »

  • Gold holds overnight gains; U.S. data back in focus Reuters - 52 minutes ago

    Gold held steady early on Tuesday as bargain hunters swooped in after the metal fell to near five-week lows, while investors wait to see how U.S. nonfarm payroll data due later this week will play into the timing of any rate hike. * Spot gold was … More »

  • Oil down 1 percent, pressured by glut, dollar, Nigeria outlook
    Oil down 1 percent, pressured by glut, dollar, Nigeria outlook Reuters - 1 hour 1 minute ago

    Oil prices settled down more than 1 percent on Monday, snapping two consecutive days of gains, on renewed concerns about an oil glut, a stronger dollar and expectations that Nigerian rebels will stop hampering that country's crude output. … More »

  • Wynn’s $4.2 Billion Macau Casino Is Seen Off to Slow Start (1) Bloomberg - 1 hour 8 minutes ago

    The part of the casino floor catering to mass market customers at the Wynn Palace “felt slow” relative to other recent openings, Union Gaming analyst Grant Govertsen said in a research note Monday. The new casino has led to a marginal increase in … More »

  • Yuan Bears Emerge From Hibernation as Fed Imperils G-20 Calm (2) Bloomberg - 1 hour 15 minutes ago

    Derivative markets are pointing to renewed bets on yuan depreciation, with a three-month measure of expected price swings poised for the biggest monthly increase since January. The increased pessimism comes after a period of calm that sent the … More »

  • Oil prices rise as dollar retreats from two-week high Reuters - 1 hour 20 minutes ago

    Oil futures edged up on Tuesday as the U.S. dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices. International Brent crude oil futures (LCOc1) were trading at $49.34 per … More »

  • Volkswagen decides not to sue South Korea over sales ban
    Volkswagen decides not to sue South Korea over sales ban Reuters - 1 hour 41 minutes ago

    Volkswagen (VOWG_p.DE) decided against suing South Korea which last month suspended sales of most of its models and slapped a fine of 17.8 billion won (12.16 million pounds)on the German carmaker. Instead, Volkswagen will try to achieve … More »

  • China’s Credit Party Winds Down in Headwind for GDP Growth (1) Bloomberg - 1 hour 44 minutes ago

    The amount of local yuan bond sales minus maturities fell 39 percent in August from a year earlier for non-financial firms to 124 billion yuan ($18.6 billion), data compiled by Bloomberg show. China must balance cutting corporate debt, which more … More »

  • BOJ Needs Massive Shock & Awe, $2 Trillion Investor Says (1) Bloomberg - 1 hour 53 minutes ago

    “It is how much they do, and whether they can create that kind of shock and awe at this point in the cycle,” said Mark Haefele, global chief investment officer at UBS Wealth Management, in a Bloomberg Television interview, on Monday. “They could … More »

  • 5 Unheard Of Beach Destinations In Australia
    5 Unheard Of Beach Destinations In Australia GET.com - 2 hours 11 minutes ago

    Many of us Singaporeans dream of visiting the land down under, which is surrounded by the ocean and... … More »

  • Japan’s Household Spending and Unemployment Fall in July (1) Bloomberg - 2 hours 37 minutes ago

    Household spending fell 0.5 percent in July from a year earlier, the statistics bureau said on Tuesday (forecast -1.5 percent). Retail sales fell 0.2 percent from a year earlier (forecast -0.9 percent), according to a trade ministry report. The … More »

  • Asian Stocks Gain Amid U.S. Rebound While Japan Shares Retreat Bloomberg - 2 hours 49 minutes ago

    The MSCI Asia Pacific Index climbed 0.3 percent to 138.33 as of 9:16 a.m. in Tokyo. The index fell Monday after Federal Reserve Chair Janet Yellen indicated the case for an interest-rate hike is getting stronger. Investors are watching data … More »

  • Asia ex-Japan Stocks Advance After U.S. Rally as Oil Near $47 Bloomberg - 2 hours 51 minutes ago

    South Korea’s won strengthened and crude oil was little changed. The MSCI Asia Pacific Excluding Japan Index rose as equity benchmarks advanced in Australia, New Zealand and South Korea. Japanese shares retreated following their biggest jump in … More »

  • Tokyo shares open lower despite Wall Street gains AFP - 3 hours ago

    Tokyo shares opened modestly lower on Tuesday following a jump the previous day, despite a positive lead from Wall Street. The benchmark Nikkei 225 index fell 0.28 percent, or 46.51 points, to 16,690.98 ... … More »

  • EU to hand Apple Irish tax bill of over 1 billion euro, source says
    EU to hand Apple Irish tax bill of over 1 billion euro, source says Reuters - 3 hours ago

    The European Commission will rule against Ireland's tax dealings with Apple (AAPL.O) on Tuesday, two source familiar with the decision told Reuters, one of whom said Dublin would be told to recoup over 1 billion euros in back taxes. The Commission … More »

  • Why Do People File For Bankruptcy In Singapore?
    Why Do People File For Bankruptcy In Singapore? DollarsAndSense.sg - 3 hours ago

    Being a bankrupt does not mean you can default on all your debt The post Why Do People File For Bankruptcy In Singapore? appeared first on DollarsAndSense.sg. … More »

  • Mondelez abandons pursuit of U.S. chocolate maker Hershey
    Mondelez abandons pursuit of U.S. chocolate maker Hershey Reuters - 3 hours ago

    The abandoned deal, which would have created the world's largest confectioner, underscores the grip that a charitable trust has on the maker of Hershey's Kisses and Reese's Peanut Butter Cups. The trust which controls Hershey was set up by the … More »

  • Traders Said to Discuss Data Superhighway From Chicago to Japan Bloomberg - 4 hours ago

    The project, dubbed “Go West,” would install a line of microwave towers from the Chicago area to the U.S. west coast, possibly ending near Seattle, and then connect to an undersea cable that stretches to Asia, according to the people, who asked not … More »

  • US alarm as Turkey warns Syrian Kurd militia of more strikes
    US alarm as Turkey warns Syrian Kurd militia of more strikes AFP News - 4 hours ago

    Turkey warned Monday it would carry out more strikes on a US-backed Kurdish militia in Syria if it fails to retreat, as Washington said President Barack Obama will meet his Turkish counterpart over the weekend. Turkish forces pressed on with a … More »

  • Shell restarts gasoline-producing unit at Puget Sound refinery Reuters - 4 hours ago

    HOUSTON (Reuters) - Shell (RDSa.L) restarted a fluid catalytic cracking unit (FCCU) at its Puget Sound, Washington refinery on Aug. 23, according to a regulatory filing published on Monday. The unit was ... … More »

  • Business Highlights Associated Press - 5 hours ago

    ___ Mylan launching cheaper, generic version of EpiPen The maker of EpiPens will start selling a cheaper, generic version of the emergency allergy shots as the furor over repeated U.S. price hikes continues ... … More »

  • Island Standoff Again Clouds China-Japan Ties in Run-Up to G-20 Bloomberg - 5 hours ago

    One of the reasons China may be escalating its activity in the East China Sea is to warn Japan against getting involved in the South China Sea spat. While not a claimant in those waters, Japan has drawn China’s ire for supporting Southeast Asian … More »

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123-0.001-0.81%
    N21.SI
    0.3550.0000.00%
    E5H.SI
    0.32+0.01+3.23%
    5OT.SI
    0.49+0.02+3.16%
    588.SI
    0.990.000.00%
    H64.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.485+0.050+11.49%
    IX2.SI
    0.17+0.02+9.68%
    M11.SI
    1.115+0.065+6.19%
    A23.SI
    0.27+0.02+5.88%
    E28.SI
    0.375+0.020+5.63%
    BAZ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.11-0.04-26.67%
    5TI.SI
    0.18-0.02-10.00%
    A04.SI
    0.183+0.003+1.67%
    BOU.SI
    0.20-0.01-4.76%
    K22.SI
    0.565-0.025-4.24%
    BMH.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3612+0.002+0.14%
    USDSGD=X
    1.5204-0.0002-0.01%
    EURSGD=X
    1.7810-0.0005-0.03%
    GBPSGD=X
    75.0170+0.10+0.13%
    SGDJPY=X
    5.6960-0.0064-0.11%
    SGDHKD=X
    2.9752-0.00010.00%
    SGDMYR=X
    9,740.8574-11.6465-0.12%
    SGDIDR=X
    4.9051-0.0092-0.19%
    SGDCNY=X
    1.0298-0.0001-0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,326.70-0.40-0.03%
    GCZ16.CMX
    18.75-0.02-0.10%
    SIU16.CMX
    96.93+1.14+1.19%
    ^XAU
    2.09+0.01+0.60%
    HGU16.CMX
    47.09+0.11+0.23%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.18-0.06
    ^FVX
    1.57-0.07
    ^TNX
    2.22-0.08
    ^TYX