Archive | October 6, 2007

Singapore economy is showing signs of overheating: HSBC

SINGAPORE’S economy risks overheating as home prices reach the highest in a decade, companies hire workers at an unprecedented pace and the stock market soars to record levels, economists say. Inflation at a 12-year high and an economy expanding ‘a little too rapidly’ mean signs of overheating are ‘a few too many for comfort’, Robert […]

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One done deal, two around the corner as office blocks change hands

KeyPoint sold for $370m; talks on for 78 Shenton Way and Hitachi Tower (SINGAPORE) Office blocks continue to change hands as the market sizzles. Allco Commercial Real Estate Investment Trust has just bought KeyPoint in the Jalan Sultan/Beach Road area for $370 million or $1,186 per square foot (psf) of net lettable area (NLA). The […]

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Sub-prime delinquencies accelerating, Moody’s says

(NEW YORK) Sub-prime mortgage bonds created in the first half of this year contain loans that are going delinquent at the fastest rate ever, according to Moody’s Investors Service. The average rate of ‘serious loan delinquencies’ in the securities has been higher than 2006 bonds, Moody’s analysts Ariel Weil and Amita Shrivastava wrote in a […]

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LEASEHOLD BUILDING – KeyPoint on Beach Road sold for $370m

A 29-YEAR-OLD commercial building on Beach Road is changing hands at $370 million. The buyer is Allco Commercial Real Estate Investment Trust, which is acquiring the 99-year leasehold KeyPoint from a group of investors led by real estate veteran Han Chee Juan. Mr Han and his business associates bought KeyPoint, then known as Jalan Sultan […]

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