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The demand for Singapore office space is driven by the tight supply issue in the Singapore property market and the expanding financial facilities available to service private wealth in Asia. (For example, in 2008, according to the Singapore Land Authority the availability of Singapore residential property was tight with only 4,457 new units are ...
Office is the most prominent sign of a struggling commercial real estate market. The commercial real estate collapse has been most evident in the office sector, with vacancy rates at nearly 1.5 ...
During the financial crisis of 2007–2008 of which Singapore was affected, [12] [21] its financial performance was affected by its exposure to the Sterling Pound, as the Singapore dollar had strengthened against it, via its United Kingdom-centric M&C. [22] However, it managed to remain one of the largest real estate development firms in ...
A real-estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom or reduce interest rates. [1]
As banks began to give out more loans to potential home owners, housing prices began to rise. Lax lending standards and rising real estate prices also contributed to the real estate bubble. Loans of various types (e.g., mortgage, credit card, and auto) were easy to obtain and consumers assumed an unprecedented debt load. [259] [228] [260]
Housing inventory has been low since the last real estate housing market crash in 2008. This also led to a decrease in new home construction. This combination makes it a much more competitive market.
To achieve these deregulatory aims, the financial industry, including commercial and investment banks, hedge funds, real estate companies and insurance companies, made $1.725 billion in political campaign contributions and spent $3.4 billion on industry lobbyists during the years 1998–2008. In 2007, close to 3,000 federal lobbyists worked for ...
1 January – All radio stations in Singapore officially start and commenced broadcasting 24-hour seven days one week at stroke of midnight Singapore Time. [1] [2] 2 January – The School of the Arts is opened, making it the first specialised pre-tertiary arts school in Singapore. [3] 3 January – The Keppel Bay Bridge is officially opened ...