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RICS Global RE Weekly: Singapore Property Optimism Continues to Grow Despite Rising Availability


HONG KONG, May 14 /PRNewswire-Asia/ -- Lettings demand moved higher across all three sectors (office, retail and industrial) for the second consecutive quarter in Q1, with the strongest growth in the office market. That said rental expectations, while no longer negative, have been tempered by rising availability and at a faster pace in the office and industrial sectors.

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Australian budget outlines policy objectives for sustainable growth

The Australian Federal Budget for the year 2010-11 was released on Tuesday 11th and gave a detailed account of how the government envisages the economy will develop over the coming years.

Better news for US homebuilders over the coming months

RICS suspects that the forthcoming NAHB housing index may be slightly higher than the previous reading helped by the largest month on month gain (26%) for new homes sales on record.

Swedish house prices to keep rising during 2010 but at a slower pace

Swedish house price data for Q1 are due for release by Statistics Sweden on Tuesday 18th. Looking forward, house prices are likely to continue rising during 2010, but at a slower pace.

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http://ricsasia.org/webpage.php?id=97

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Media enquiry, please contact:

Ms Belinda Chan / Ms Ava Lau

Tel: +852-2372-0090

Fax: +852-2372-0490

Email: belinda@creativegp.com / ava@creativegp.com

Source: RICS (Royal Institution of Chartered Surveyors)
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