Singapore’s Richest Property Developers Are Now Poorer

Forbes has just released its 2016 ranking of the world’s richest people, with 17 billionaires from Singapore making it on the prestigious list. Close to half of them are involved in the real estate business, but for many, their fortunes have dwindled amid Singapore’s weak real estate market. Property siblings Philip and Robert Ng topped … Read more

Small Is The New Big, Says Propertyguru’s Property Outlook Report 2016

The large condominium market in the Klang Valley is expected to be more challenging, as the small and compact studio unit has grown in popularity across Greater KL. In 2015, developers have begun to increasingly adopt the smaller unit model for strata developments within the city centre as well as key urban areas. The trend … Read more

1MDB: Valuation for 60% stake in Bandar Malaysia not finalised yet

To dispel the confusion as to why the price announced by China Railway for a majority stake in the Bandar Malaysia project was significantly lower than the amount previously reported, 1Malaysia Development Bhd (1MDB) said the figure represents the net equity value of the mega development and not the land sale valuation. Last Thursday, 1MDB … Read more