Archive | October 22, 2007

Enjoying This View? 3+1 Casuarina Cove Available for Rent!!!

Are you Enjoying THIS VIEW!!! Only Available In This Unit!!! Check out the following details… Full BAY VIEW – From Kitchen, Living Room to ALL 3 BEDROOMS!!!  Extremely Spacious – 1593sqft VERY WELL-KEPT!!! WINDY & BRIGHT! Perfect for small families! Interested? Call me – Jarene @ (+65) 9831 6938 OR Email me at: jarene_chuang@yahoo.com TODAY!!!

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High rents drive big firms out of HK’s Central

DBS Bank (HK) moves to Quarry Bay; Morgan Stanley, Kowloon IN HONG KONG BLUECHIP tenants are retreating from Hong Kong’s central business district as rents climb beyond reach. The latest move away from the high-rent Central area is by lender DBS Bank (Hong Kong), which has just leased more than 220,000 square feet of office […]

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Widen moves to calm markets: global finance chiefs

Steps include tighter IMF scrutiny of state investment funds (WASHINGTON) Global finance chiefs on Saturday called for a more broad-based effort to calm financial markets, including tighter scrutiny by the International Monetary Fund and other institutions of increasingly powerful state-owned investment funds. This year’s fall meetings of the International Monetary Fund and World Bank come […]

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MALAYSIA INSIGHT – When prices go up, spirits come down

Inflation is becoming a thornier problem than volatile stock markets and rising oil prices CONSIDERING Wall Street’s massive 2.64 per cent sell-off last Friday, Asian and European markets can count on a torrid week ahead. Before the US’s humongous sub-prime issues could be tackled, crude oil futures breaching US$90 a barrel – with talk of […]

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WALL STREET INSIGHT – Analysts dismiss spectre of crash, but selling’s not over

Last week’s 4% slide due more to recent sharp run-up than to fear of another crisis IN NEW YORK AS STOCKS plummeted on earnings outlooks and renewed credit worries last Friday on the 20th anniversary of Black Monday, Wall Street forecasters couldn’t help but draw parallels to that record-setting dire day of October 19, 1987, […]

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GuocoLand buys condo plot in Serangoon for $63m

PROPERTY developer GuocoLand has bought Toho Garden, a condominium near Serangoon Gardens, for $62.5 million through a collective sale. The acquisition price works out to $594 per sq ft per plot ratio, including a development charge of $9.8 million. Toho Garden is located on Yio Chu Kang Road, near the junction of Ang Mo Kio […]

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CapitaLand buys China site for $203m

CAPITALAND has secured a piece of prime commercial land in Hangzhou, China for $202.8 million. The 40,355 sq m site in Qianjiang New Town was acquired through a government land tender. The price tag works out to about $715 per sq m per plot ratio. CapitaLand plans to build a mixed development on the site […]

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PROPERTY – 2,000 high-end homes may be launched soon

About 30 new condos may be launched by early next year, at least half of them in Orchard, Bukit Timah and Holland SALES of new homes took a dive last month, but they might pick up soon as developers prepare to launch a string of projects over the next few months. Almost 30 new condominiums […]

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Wallstreet – Dow plunges on 20th anniversary of Black Monday market crash

NEW YORK – THE Dow Jones Industrial Average dropped more than 360 points on the 20th anniversary of the Black Monday crash, as lacklustre corporate earnings, renewed credit concerns and rising oil prices spooked investors. The major stock indexes on Friday turned in their worst week since July after construction equipment giant Caterpillar Inc soured […]

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5.5m population more achievable for Singapore

THE 6.5 million population used as a guide for planning purposes in Singapore is not within reach in the next 50 years, an academic said yesterday. Saw Swee Hock of the Institute of Southeast Asian Studies said 5.5 million is a more achievable target. Prof Saw – the second Singaporean after former deputy prime minister […]

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Nervousness on the rise as Black Monday anniversary looms

IT’S usually possible to pinpoint a theme or two that drove prices throughout a week just past. Sometimes it’s a play on the banks, other times it’s property, shipping or China. This week though, is remarkable for the fact that there really is no single unifying theme that could be readily identified – except for […]

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GuocoLand earnings surge to $27.7m in Q1

QUEK Leng Chan’s Singapore-listed property arm GuocoLand has posted a group net profit of $27.7 million for the first quarter ended Sept 30, 2007, up from $8.1 million for the corresponding year-ago period, as revenue more than doubled from $88.2 million to $191 million. The improved showing was due mainly to higher contribution from the […]

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Lippo to raise up to $587m with retail Reit

INDONESIA’S Lippo Group will be raising up to $587.4 million with the planned Singapore listing of a real estate investment trust (Reit) based on its retail properties in Indonesia. The Lippo-Mapletree Indonesia Retail Trust (LMIR) will offer 645.5 million units at 78 to 91 cents a unit, according to the trust’s preliminary prospectus which was […]

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CapitaLand to build sixth Raffles City in Hangzhou

It has acquired a 40,355 sq m site for $202.8m CAPITALAND has acquired a site in the Chinese city of Hangzhou for $202.8 million and says that it will be the location for its sixth Raffles City after those in Singapore, Shanghai, Beijing, Chengdu and Bahrain. The 40,355 sq m Hangzhou site is in Qianjiang […]

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Equation Corp wins Bukit Ho Swee bid

EQUATION Corp has clinched a state property at Bukit Ho Swee for the stately rent of $90,000 a month. The Singapore Land Authority (SLA), which manages the property, said that this is twice the guide rent when the former community centre was put up for tender in June. The building is on 40,892 sq ft […]

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A-Reit’s Q2 income for distribution up 15% at $46.4m

ASCENDAS Real Estate Investment Trust (A-Reit) said yesterday its second-quarter distributable income rose 15 per cent to $46.4 million, from $40.5 million a year earlier, as demand for the trust’s business space grew. The better performance lifted A-Reit’s distribution per unit (DPU) to 3.51 cents, up 11 per cent from 3.16 cents paid for the […]

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Luxury apartment sold for record HK$109m

New 3,205 sqft flat cost HK$34,000 psf: report (HONG KONG) A new Hong Kong apartment has sold for a record US$14.1 million, a report said yesterday, as the city’s booming market for luxury homes continues to strengthen. The 3,205 square foot duplex apartment on Hong Kong island fetched HK$109 million (S$20.56 million), or HK $34,000 […]

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SLA offers property for rent; 2 freehold sites selling en bloc

THE Singapore Land Authority (SLA) has launched another site for short-term office use, a move aimed at relieving the supply crunch. The property is the former Upper Aljunied Technical School on Upper Aljunied Road. It has a land area of 19,704 sq m and a gross floor area of 7,722 sq m. It comes with […]

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GuocoLand posts $28m net gain in first quarter

GUOCOLAND yesterday said its first-quarter net earnings have soared to $27.68 million, up from $8.1 million a year ago. Revenue for the three months ended Sept 30 rose 117 per cent to $190.98 million. The key driver of the bumper result was the strong profit contribution from sales of GuocoLand’s West End Point project in […]

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Higher distributable income for CapitaMall Trust, A-Reit

TWO large real estate investment trusts (Reits) yesterday reported higher quarterly distributable income amid a positive economic climate. CapitaMall Trust (CMT), Singapore’s first and largest reit, said distributable income was $53.2 million in the third quarter ended Sept 30. This is 17.2 per cent higher than forecast and a 29 per cent rise from a […]

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