Not Yet Time To Be Positive
Last week, several reports generated by analysts are proven to be relevant interest to stockmarket investors.The first was by Morgan Stanley, which was released on 18 December 2008. It was about Singapore property sector entitled “Too Early To Turn Positive”. Coincidentally that same...
Continue Reading • 20 Oct 2009
New risks for Singapore’s property market
Ernst & Young (E&Y) says real estate companies in Singapore face new and increasing risks during the slump of global economy.“The credit crunch, fluctuations in global economies and resultant pricing uncertainty are affecting real estate companies globally, including those in...
Continue Reading • 20 Oct 2009
CapitaLand bonus needs revaluation
Last week, CapitaLand revealed that it awarded Mr. Liew Mun Leong with a bonus worth $20.52 million for the year 2007 and a reasonably simplest bonus worth $2.98 million for the year 2008.The award of CEO Liew Mun Leong for 2007 was a prize for the record profit of the group that reached $2.76...
Continue Reading • 20 Oct 2009
Singaporeans worry about mortgage payments
Singaporeans are concerned regarding their ability to pay mortgages while expatriates are troubling over lesser incomes, according to the survey of Zurich International Life (ZIL).Andy Robinson, regional director of ZIL Asia said, “I wonder about the result if the survey is done now”....
Continue Reading • 20 Oct 2009
Real property agencies under government review
A report last Wednesday took up topics regarding "Regulation of property agents under review”. The SAEA or Singapore Accredited Estate Agencies is completely positive of the Government's step towards an effective approach of shaping real property agents.The industry of housing agents...
Continue Reading • 20 Oct 2009
Cruise terminal delayed due to complexity
The International Cruise Terminal project’s development schedule was delayed because of the project complexity, the Singapore Tourism Board (STB) said.Chew Tiong Heng, cruise director of STB, said that “Due to the complexity of the project involving a combination of reclamation and...
Continue Reading • 20 Oct 2009
New, low-priced condos get brisk sales
Although the property market experiences a decline nowadays, there are still new private properties being seized quickly in the market. Last month, the sales of these new private residences increased to 1,323 units, recalling back the days when the property market went boom, according to...
Continue Reading • 20 Oct 2009
Mortgagee sales expects to increase
When financial institutions put up some of the repossessed homes on sale, it triggers to increase in coming monthsAccording to Colliers International, auction market is still low but shows signs of increase for this month, and the rise of mortgagee sales are small but may affect the impending...
Continue Reading • 20 Oct 2009
Keppel Land projects pass Green Mark certification
Over $4 million of annual energy bill is expected to be saved by KEPPEL Land in the completion of six projects certified by Green Mark.Keppel Corporation’s property arm also targets the rating of Green Mark Gold from the Building and Construction Authority or BCA for all of its...
Continue Reading • 20 Oct 2009
60 units in The Arte at Thomson sold
Around 60 apartments were sold the previous weekend by the City Developments Ltd (CDL) at The Arte at Thomson.Units at the 336-unit project went to an average price of $880 per square foot (psf), according to the developer the previous day. CDL also launched 100 units during the “private...
Continue Reading • 20 Oct 2009
15% rental rebate offered by NParks
A 15 percent rental rebate has been put forward by another government body to its tenants.The Straits Times was informed by the National Parks Board (NParks) that this approach is intended to assists its tenants to get by during these poor economic times.The rental rebate is set to be backdated...
Continue Reading • 20 Oct 2009
Perceived buys in the market
In the middle of the economic decline, the housing market landscape has varied as developers reduced the unit size and give steeper discounts to attract conservative buyers while several banks reduced credit.The segment of mass market has showed to be less unstable than residences situated in the...
Continue Reading • 20 Oct 2009
Opportunity for Australian commercial property
The commercial property market in Australia presently offers worldwide investors with a medium-term possibility of relative stability and more attractive investment profits.Jones Lang LaSalle (JLL) has recently undertaken several investor briefings throughout Asian markets, as well as Singapore....
Continue Reading • 20 Oct 2009
Nearly 2,600 workers were poorly housed
There were almost 2,600 workers discovered staying in 16 unauthorised dormitories during the combined swoops executed by various agencies of the government.The checks, as part of a progressing effort, were carried out in Tuas, Woodlands, and the Tagore area for two days this month by officials of...
Continue Reading • 20 Oct 2009
Gems sifting
There is nothing like a peaceful estate market to begin searching for a dream residence. Or to start searching on purchasing that property which can turn into an income stream to assist an individual through the golden years. With appealing loan packages provided by several banks and interest...
Continue Reading • 20 Oct 2009
Far East prepares to accept more tourists
Far East Organization has uncovered a new Boutique hotel Quincy and said it will launch hospitable sub-brands to welcome more tourists to Singapore for the following years.The sub-brands, which they called Village, will be launched in this year’s third quarter. It will put together 8-9 Far...
Continue Reading • 20 Oct 2009
Soon, economy could reach a low point
Yesterday at the Singapore Business Awards (SBA), Tharman Shanmugaratnam, the Finance Minister, said that the economy of Singapore could reach a low point within the next six months.He told business leaders at the Shangri-La Hotel “On current indications, we expect to see a bottom in the...
Continue Reading • 20 Oct 2009
PRD gets a high-end push
Guangzhou is a liveable city with economic activeness in its vicinity where China and top talents worldwide can set down roots. Knowledge City, a proposed project that is envisaged as a lively and environmentally friendly city, is expected to attract and improve talents, knowledge-based...
Continue Reading • 20 Oct 2009
Pack them in, build them up
When a person is feeling uneasy about Singapore being geared up for an expected 6.5 million total population, Professor Edward Glaeser says there is no need to worry regarding it.He declares, ”Density is underrated and undervalued and the pleasures of density are in fact quite...
Continue Reading • 20 Oct 2009
Knowledge City’s MOU signed by Keppel
In the southern Chinese city of Guangzhou, Keppel Corp is planning to build a ‘knowledge city’, which will centre on pulling and maintaining various talents, said yesterday by Lim Chee Onn, Keppel Corp chairman.The ‘knowledge city’ will probably to be constructed on an...
Continue Reading • 20 Oct 2009