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Posts Tagged ‘Property Market’

Bangalore Real Estate

Saturday, April 10th, 2010

Property developers in Bangalore rubbish the recent report that the demand for real estate in Bangalore had gone down because of high property prices. City-based real estate builders claim that the property market is still buoyant. They accept that the number of property inquires and transactions have gone down because property buyers are anticipating a fall in prices in the future. However in spite of low transactions, the residential real estate prices in Bangalore are escalating. High input costs are adding to the already soaring property prices.

So far, Bangalore has shown tremendous economic progress and is referred to as Asia’s fastest growing city. The real estate developments here are catching up with the pace at which the city is growing. Property segment is growing by leaps and bounds and incorporating new trends. Property developers are now focusing on ‘affordable housing’. A large number of Bangalore real estate builders are venturing into the same.

Going forward, the property developers are now cashing in on the new buzz word in real estate industry – ‘affordable housing’. A large number of Bangalore Real Estate Builders are now venturing into this development. Bangalore-based realty major Jain Heights and Structures Pvt Ltd, is coming up with an affordable housing project at Bellary district. The firm is also planning to launch a similar project in Bangalore early next year.

Bangalore is scoring well on various parameters of being a chosen real estate destination. Still, the delayed metro rail project remains a big hitch there. This project has been delayed by nine months. The dragging progress has resulted in worsening the traffic situation in Bangalore. However, the industry experts and locals are optimistic that coming up of metro will take Bangalore real estate segment to new heights

The Singapore Property Market For Expats

Monday, February 1st, 2010

Area wise, Singapore is not very large in size. Hence, available land is exploited to its potential and the only way to increase accommodation is to build skyscrapers i.e. Grow vertically! More than 80 percent of Singaporeans live apartments owned by them and maintained by the Housing and Development Board of Singapore.

Hence, landlords make most of their money by leasing property in prime locations to expatriates.The most important for an expat is to find the property location that is most suitable to him/her, in terms of accessibility to workplace and transport. Singapore is divided in 27 districts. All this districts provide different options and different facilities. The most expensive being the prime location of Central Area located from District 1 to 9. Below is an Overview of the Singapore Property Market for Expats.

On the East Coast, Districts 14, 15, 16 are located near the Central Business District (CBD) near the Changi Airport. It also offers views of the Sea and is known to be very popular among expatriates since it offers many leisure activities, eateries and many more. Once the property location is finalized, one needs to finalize the properties in the location that suit the budget of the Expat. Since the rental rates differ from place to place. The more closer the property to the Central Business District the rates are bound to be more expensive.

Areas such as Newton, Orchard and River Valley that are located around the central can cost more thousand dollars as compared to areas away from central areas. Rates also fluctuate according to the type of property like Bungalows, Terraced Houses, 3 to 4 bedrooms and 1 to 2 bedrooms. Transportation also being a major factor while selecting a property location. Singapore is said to have one of the most well-planned and modernized transportation system. Transport systems include: Mass Rapid Transport (MRT), Taxis, Private Cars, Buses.