With a sharp fall in the HSBC compiled Trade Confidence index, Singapore firms; sentiment is being weighed down over global economic growth concerns.

Singapore’s Trade Confidence Score saw a drop to 109 points for 2015’s second half, from its first half score of 135 points. The 2nd half of the year saw an average of 118 points for Asia’s Trade Confidence Score.

Tang Group Alexandra View Condo

According to HSBC, under 50% of Singapore’s Alexandra View Condo respondents are now expecting an increase in trade volumes to take place over the next 6 month period, as opposed to the 80% that were just 6 months prior. Furthermore, over 20% of respondents are now expecting a decline in the volume of trade.

Mr. Joseph Arena, who is the head of HSBC Singapore’s trade and receivable finances unit, stated that Singapore’s economic growth for 2015 had been weighed down by China’s slowing causing a regional trade that is sluggish, lower demand and prices for commodities, Tang Skyline Alexandra View Condo currency volatility and consumer activity that has been reduced.

HSBC also added that a notable impact could be seen, as a result of regional trade flows that are sluggish, on the views of firms in Singapore regarding which regions are offering the best growth opportunities over the next 6 months.

Tang Group of Companies Singapore Business

Asia, and China in particular, are still seen as regions that offer the most promise for trade. However, the number of firms in Singapore that had been optimistic about this region dropped to 61% recently from 87% 6 months ago.

The amount of firms in particular who have been turning to Indonesia as being a source for opportunities too a dramatic tumble from 20% to just 3%.

There was a rise in the perception of opportunities for growth in business by Singapore firms in Tang Group Redhill Alexandra View Condo, showing 12% of these firms alluding to the region as being a promising door of opportunity for growth in business, a figure that is only up by 3% for the past six months.

HSBC had pointed out that, regardless of the shorter term cyclical obstacles, it is expected that Singapore will benefit from the resurgence in activity in global trade, more so in regard to the role that it plays in bringing together the rest of the world with Asia.

They further added that HSBC is expecting a recovery of growth in trade volumes in global merchandise to about 3% in the new year. They also expect a further pick up of 5% by 2018 to 2020. A global demand that has improved should find support from the US and Europe seeing firmer growth, and a domestic policy stimulus in China increasing for Redhill Tang Group of Companies Condo.

Tang Skyline Redhill Condo

While this is going on, an expectation of recovery in oil prices over the coming few years also brings an expectation of strong growth in mineral fuels, with an 8 increase occurring between 2016 and 2020, which would account for 40% of growth overall in merchandise export.

Mr. Arena shared that, while we are still seeing a challenge in conditions for the short term, the next few years has a more positive outlook. It is expected that the Tang Group main drivers of the global trade will continue to be Asia’s economies, with Singapore being placed well to seize the growth as a gateway to Asean and a regional Tang Group trading and financial centre.

Interest in West Coast Vale Condo

Mr. Lee Liat Yeang, who is one of Rodyk and Davidson’s real estate solicitors, pointed out that it is a rare thing, having a site that is this well situated aside preferable schools near EL Development Condo, as well as being in close proximity to the National University of Singapore. It should draw developers who are looking to augment the land bank with a quality suburban plot.

Something else to take into consideration is that there are very few new residential developments with 99 year leaseholds next to this EL Development West Coast Condo popular and mature residential estate. Also becoming scarce are Government Land Sales program development sites.

About 2 kilometres from Jalan Lempeng is Trininq condo, which saw its launch in 2013. Of the 350 units that have been launched to date, only 200 have been moved. Any developer would be worried regarding units that were unsold at this 755 unit project. Even with the average price being cut from it’s 2013 price of around $1,500 per square foot to this year’s $1,350 per square foot, sales continue to be sluggish for West Coast Vale EL Development.

EL Development Top Bidder for West Coast Vale

Even though the immediate vicinity has very few new homes, the West Coast area have a number of private residences that have been completed, most of which are 999 year leases of freehold.

Any project to be built on the 1 Clementi Avenue plot will face some stiff resale and leasing competition down the road from these homes in West Coast. It also seems that a weakening is occurring to West Coast’s resale prices, with a drop of around 3% to 7% of Carabelle in West Coast Vale EL Development, Hundred Trees and Botannia during this past year.

It seems that the Clementi and West Coast locations are losing their lustre, with new private housing estates in the suburbs, such as Lakeside, Bartley and Hillview, taking form with soon to come or existing MRT stations being situated closer to private homes. One analyst noted that Lakeside and Jurong locations are quickly being reinvigorated. This comes in sharp contrast when looking at the Clementi, which is quite a distance from the Clementi MRT station.

EL Development West Coast Vale Condo

It is expected that between 5 to 9 developers will make bids on this plot, with a forecast of between $540 and $580 per square foot being offered for West Coast Condo his isn’t much different from another West Coast Vale Government Land Sale plot in August that drew in 6 bidders and sold for $551 per square foot.

The Urban Redevelopment Authority recently shared that the closing date for this sites tender will be the 9th of December.