Archive | October 17, 2007

JUSTED UPDATED!!! FOR RENT IN TANJONG RHU!!!

JUST UPDATED!!! Tanjong Rhu Condominiums For Rent!!! Stay in Resort Style Condominiums!!! Bay View Units / Sea View Units AVAILABLE!!! Within Mins to Suntec / Esplanade!!! Only at Tanjong Rhu!!! For More Information, Click here!!!   Interested? Contact me via: Mobile: (+65)9831 6938 Email: jarene_chuang@yahoo.com TODAY!!!!!

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JUST UPDATED!!! FOR SALE IN TANJONG RHU!!!

JUST UPDATED!!!¬† Tanjong Rhu Condominium FOR SALE!!! Looking for Good Properties to Invest? Look no further! With the New Integrated Resort Coming Up, the Potential IS HERE In Tanjong Rhu!!!   Interested? Click here for More Information! Call Jarene – Your Partner In Building Your Assets @ (+65)9831 6938 or jarene_chuang@yahoo.com

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Sim Lian top bidder for Toa Payoh site

Its $38.23m bid for 99-year leasehold commercial site beats eight others SIM Lian Development Pte Ltd yesterday put in the top bid of $38.23 million, or $847.54 per square foot per plot ratio (psf ppr), for a 99-year leasehold commercial site next to HDB Hub in Toa Payoh. The company, which is not part of […]

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Hotel site at Sturdee Road put on reserve list

0.61 hectare plot can yield an estimated 430 hotel rooms A HOTEL development site at Sturdee Road has been put on the reserve list of the Government Land Sales (GLS) programme. The site is one of the four new hotel sites on the GLS programme for the second half of this year. There are already […]

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Wealthy group growing fastest in S’pore

IN SEOUL SINGAPORE is home to the fastest-growing population of high net worth individuals (HNWIs) in the Asia-Pacific, according to a report by Merrill Lynch and Capgemini. The 2007 Asia Pacific Wealth Report – released yesterday at the World Knowledge Forum, organised by the Maeil business newspaper, in Seoul – shows the number of HNWIs […]

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Investors’ short memory is worrying

Granted, the sub-prime crisis has passed. But the US economy has other major problems. So it’s advisable to be prudent By WONG SUI JAU WHAT a difference two months makes. In mid-August, the sub-prime loans scare had just rocked markets around the world, causing them to fall for two weeks. The air was heavy with […]

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Making that next crash insignificant

Shield your money to ensure that you won’t be devastated by what markets do in any particular time period WHAT were you doing and feeling during the 1987 stockmarket crash, which will be 20 years ago this week? Having married just two weeks before the crash, I was about a year into a great new […]

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Expected volatility may hit investors: Principal Global CEO

They should diversify portfolios in this period of increased volatility, he says JIM McCaughan, chief executive of US asset manager Principal Global, has turned cautious on the market, warning that expected volatility could cause worried investors to exit at a loss. His broad market outlook, however, is for a number of interest rate cuts which […]

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ICICI Venture to float US$2 billion real estate fund

Fund will have 10-year tenure, with money invested within three years (NEW DELHI) ICICI Venture Funds Management Ltd is floating a US$2 billion real estate fund – the largest in the country – according to a report in Business Standard. The fund, which will be launched next month, will have a tenure of ten years […]

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Dubai property market faces glut in 2008/9

Flood of completed projects will slow growth of property prices, rents: Colliers (DUBAI) Property costs in Dubai are likely to rise more slowly, or even fall, in the next two years as completed malls, offices, apartments and hotels flood the market, real estate consultancy Colliers International said. Dubai, part of the oil-exporting United Arab Emirates […]

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Bubble fears growing with HK’s prolonged bull run

IN HONG KONG AS Hong Kong’s market continues to enjoy a bull run that has seen its benchmark Hang Seng Index (HSI) surge by more than 40 per cent in just two months, fears of a bubble are beginning to seep in. The HSI is trading at nearly 20 times earnings, with the H-share index […]

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Horizon Towers’ STB hearing starts on Oct 30

HEARING dates, which should still allow enough time for the collective sale to go through before the Dec 11 deadline, have been set for the Horizon Towers case. The Strata Titles Board (STB) will adjudicate in the contentious sale application starting on Oct 30 and running on selected days until Nov 15, if needed, said […]

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Keen interest in Toa Payoh commercial site

Plot in Lorong 6 draws nine offers; Sim Lian puts in highest bid of $38m A SMALL commercial site in Toa Payoh has reaped an offer of $38.2 million after ‘aggressive’ bids by nine companies. Sim Lian Development lodged the top bid for the 99-year leasehold plot in Lorong 6 but it was only a […]

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TAKING STOCK – Record oil prices beat down markets

Trading curbs on Uni-Asia spark fears of similar moves on other soaring stocks THE bull run in China-related stocks was stopped in its tracks yesterday as bourses from Hong Kong to Sydney turned jittery over soaring crude oil prices. Market sentiment in Singapore was also spooked as some brokerages imposed trading curbs after the recently […]

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GREENSPAN ON CNBC: Expect future growth to slow

NEW YORK – FORMER Federal Reserve chief Alan Greenspan said the tightening of credit markets around the world will slow future US economic growth even though credit conditions have improved. ‘Even though the credit crunch is easing, it is residual,’ he said on Monday in an interview on CNBC television. The impact tighter credit has […]

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BERNANKE AT THE NEW YORK ECONOMIC CLUB – US markets healthier but full recovery will take time

Fed will act to support stability, non-inflationary growth, says chief NEW YORK – FEDERAL Reserve chairman Ben Bernanke said on Monday that United States financial markets are healthier after a turbulent summer, but a full recovery will take time and the central bank will act as needed to support market stability and non-inflationary growth. ‘Conditions […]

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FOCUS: PROPERTY – A sprinkling of new benchmark home prices

These include deals at Sentosa Cove, science hub one-north, Boon Lay (SINGAPORE) Several new units sold by developers set record prices in various parts of Singapore last month, despite the overall lacklustre market, latest figures show. Data released by the Urban Redevelopment Authority (URA) yesterday show that just 529 homes were sold in September, down […]

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The Estoril put up for collective sale at $208m

No DC payable; price works out to about $1,536 psf per plot ratio THE Estoril on Holland Road has been put up for collective sale, and the indicative price is $208 million. This works out to about $1,536 per square foot per plot ratio (psf ppr) for the 84,600 square feet site. Marketed by CB […]

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Rising S$ will hurt many tech firms: Citibank

LOCAL tech stocks, which have long lagged the surging broader market, may be dealt another blow by the recent appreciation of the Singapore dollar, which is expected to squeeze margins further, Citibank says in a report. Although many tech firms have a natural hedge between revenue and raw material purchases, most have revenue that is […]

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Finance sector: future demand trends

The office space needs of financial institutions are changing globally. CHRIS ARCHIBOLD discusses how Singapore is rising to the challenge THE financial services sector has seen unprecedented growth in Singapore over the last two or three years, both as a result of domestic growth and the influx of regional and global jobs into the market. […]

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Six Prudential Tower floors sold for $141m

Owner Prudential to be paid in units of property fund PRUDENTIAL Assurance Company Singapore is said to have sold six of the seven office floors it owned at Prudential Tower to a property fund for $141 million in exchange for units in the fund. The transacted price works out to just under $2,100 per square […]

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DBS weighing up mega lease deal at posh new address

Bank eyeing phase 2 of Marina Bay Financial Centre (SINGAPORE) It could be Singapore’s biggest office leasing deal ever – if it gets sealed. DBS is said to be in advanced stages of negotiating to lease up to one million sq ft at Marina Bay Financial Centre’s (MBFC’s) phase 2. If concluded, this could put […]

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URA to woo Mid-East investors at int’l event

It will sell S’pore as destination for real estate investments at Cityscape Dubai THE Urban Redevelopment Authority (URA) will sell Singapore as a destination for real estate investments to Middle East investors at Cityscape Dubai, an international property event. URA director of land administration Choy Chan Pong said that it was important for Singapore to […]

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Plunge in Japanese housing starts set to cut Q3 growth

Slowdown will make it harder for Bank of Japan to justify raising interest rates (TOKYO) A plunge in Japanese housing starts triggered by tighter building rules looks set to slash third-quarter economic growth, which would make it even harder for the Bank of Japan to justify raising interest rates. The government and some economists say […]

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M-E property boom still going strong

FAZLUR RAHMAN KAMSANI and COLIN TAN say markets in GCC nations are gradually primed for another growth phase CONTRARY to perceptions in some quarters, the real estate boom in the Middle Eastern markets of the GCC (Gulf Cooperation Council) countries has yet to run its full course. While it is true that these markets are […]

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