Singapore, 31 August 2015 – STProperty, Singapore Press Holdings' (SPH) trusted online property portal, ran its second property event of the year over the weekend at Suntec Singapore Convention & Exhibition Centre. Despite cooling measures and weakened sentiments, the STProperty Seminar and Expo saw interested Singaporeans and overseas investors eager to find out if it is the right time to invest now. This was addressed by Mr Jeremy Lee, Co-founder of SRX Property and Mr Alfred Chia, CEO of SingCapital Pte Ltd, who gave the seminar participants a better understanding of the current market conditions as well as the impact of strong local currency to determine buyers’ purchasing power.“In view that the property prices have an annual growth rate of 3.4 per cent against the inflation of 2 per cent, and with the interest rate still low, it is still considered a good time to buy”, shared Mr Lee as he gave his opinion on the local property market from the fundamentals of supply and demand perspective.Mr Chia added that with currencies devalued against the Singapore dollar, investors may consider investing in overseas properties. Other than Malaysia, venturing into Japan and Australia may post some bargains.Ms Ada Choi, Senior Director of CBRE Asia Pacific Research, said that one of the hotspots to consider in Asia Pacific is Tokyo. Potential investors can look at well-located offices in Central Tokyo and major regional cities such as Osaka. Hotels in Osaka and other major tier two cities also benefit from strong growth in visitor arrivals.Dato' Lee Kah Choon, Special Advisor to the Chief Minister of Penang and Director of investPenang shared with the audience the development plans for Penang. Closing at RM1.2million at the STProperty Seminar & Expo, the sale of The Tamarind, an executive apartment launched by Eastern & Oriental Berhad reflected the investors’ confidence in Penang. Ms Christina Lau, Head of Marketing & Sales, Penang, of Eastern & Oriental Berhad said: “Dato’ Lee has shared economic initiatives taken by the state to create wealth to grow the property market. I think it is timely for Singaporeans to invest overseas.”Mr Ryan Khoo, Director of Alpha Marketing enlightened the seminar participants with the upcoming hotspots, primarily KLCC and Mont Kiara where young home owners are gradually migrating to, to drive the housing growth. Another hotspot Medini, the upcoming business hub in Iskandar, is expected to attract foreign investment and talent, which also implies huge investment potentials. Mr Eric Seow, General Manager, Sales & Marketing of Macrolink International Land (Malaysia) Sdn Bhd reinforced favourable factors for investors such as no RM1 million threshold and the upcoming high speed rail.Ms Samantha Liyanage, one of the seminar participants, said: “The seminar provided a 360-degree view of Singapore, Australia and Europe, which is beneficial and informative. It is is a good stepping stone to know about property within the region, assess risk values, opportunities and returns. To add, STProperty constantly engages knowledgeable speakers to share insights.”Issued by Singapore Press Holdings Ltd
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About Singapore Press Holdings LtdIncorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.Media The English/Malay/Tamil Media group comprises the print and digital operations of The Straits Times, The Business Times, The New Paper, Berita Harian and My Paper (English section). It also consists of Tamil Murasu Ltd, which publishes Tamil Murasu and tabla!; book publishing arm Straits Times Press; SPH Data Services, which licenses the use of the Straits Times Index, in partnership with the Singapore Exchange and FTSE Ltd; financial data company ShareInvestor; and the two English stations of SPH Radio - Kiss92 and ONE FM 91.3. The Chinese Media group publishes three Chinese newspapers - Lianhe Zaobao, Lianhe Wanbao and Shin Min Daily News; the digital editions of Lianhe Zaobao and Lianhe Wanbao, four student weeklies - zbCOMMA, Thumbs Up, Thumbs Up Junior and Thumbs Up Little Junior, ZbBz Newsgazine and My Paper (Chinese section). It also operates SPH Radio's Chinese radio station, UFM 100.3, and Focus Publishing, which produces a range of books and magazines including U-Weekly. SPH's other new media initiatives include AsiaOne, Stomp, omy.com and SPH Razor. SPH Magazines, SPH's wholly-owned subsidiary, publishes and produces more than 100 magazine titles and has various online sites, like hardwarezone.com, herworldplus.com and luxuryinsider.com in Singapore and the region, covering a broad range of interests from lifestyle to information technology. It has also invested in digital newsstand Magzter.SPH also provides out-of-home (OOH) advertising through its digital out-of-home platform SPHMBO.SPH Buzz is a modern retail convenience chain with a network of stores around the island.SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today.PropertiesSPH REIT is a Singapore-based REIT established to invest in a portfolio of income-producing real estate primarily for retail purposes. SPH REIT comprises Paragon, a premier upscale retail mall and medical suite/office property in Orchard Road and The Clementi Mall, a mid-market suburban mall in the centre of Clementi town.The Seletar Mall, located in Sengkang, is SPH's latest retail development. This property is a potential asset to be injected into SPH REIT. SPH’s wholly-owned subsidiary, Times Development Pte Ltd, also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.Other BusinessesOnline ClassifiedsSPH's online classifieds include ST701, the leading online marketplace for jobs (STJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds), sgCarmart and Streetsine.SPH's regional joint venture online classifieds business has a number of leading online classifieds sites in the region.Events and ExhibitionsSphere Exhibits, Sphere Conferences, Exhibits Inc and Bizlink Exhibition Services organise innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region. EducationSPH has a 22 per cent stake in preschool and enrichment provider MindChamps.For more information, please visit www.sph.com.sg.