Archive | October 23, 2007

What You See Is What You Get! THE VIEW from 3+1 Casuarina Cove HIGH Floor 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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Hiap Hoe SuperBowl JV buys The Aspine

It pays $138m for the Balmoral site; GuocoLand successfully bids $62.5m for Toho Garden HIAP Hoe and sister company SuperBowl Holdings have jointly bought a freehold site at Balmoral Road for $138 million, the two companies said yesterday. The price paid for The Aspine in a collective sale works out to $1,870 per square foot […]

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FCT to pay up to $170.5m for Northpoint 2

It will acquire the upcoming shopping mall from its parent firm in Q4 2008 FRASERS Centrepoint Trust (FCT) has entered into a put and call option agreement to acquire the upcoming shopping mall Northpoint 2 for between $139.5 million and $170.5 million, it said yesterday. The mall, which is being developed by Frasers Centrepoint, will […]

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Mandarin Oriental benefits from upgrading

THE Mandarin Oriental hotel here has enjoyed a significant increase in the number of international corporate and free and independent travellers (FITs) since it was upgraded and rebranded as a member of the worldwide Mandarin Oriental Hotel Group. ‘After the hotel was relaunched in 2005 we saw a two to three-fold increase in the number […]

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Emerging Asia: positive outlook despite pitfalls

Beware uncertain global economy and riskier financial environment EMERGING Asia’s economies have been among the most dynamic in the world in the last decade. Today, the region accounts for almost half of global economic growth. Much of this success stems from broad reforms by these countries in the last 10 years. These reforms have led […]

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Uganda housing shortage to continue

(KAMPALA) The demand for office space and quality residential accommodation will continue unabated in Kampala, the capital of Uganda, fuelled by a rising middle class and offshore interest and increased investments, a global property firm has predicted. Britain-based Knight Frank’s Africa Report 2007, launched recently, said Kampala was short of office, retail, industrial and accommodation […]

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People crush, grape rush put squeeze on California

The population in California will climb to 60 million from 36 million today (TEMECULA, California) California wine country in autumn is picture-perfect as vines turn gold and orange and workers harvest plump grape bunches to crush for cabernets, chardonnays and pinot noirs. But just as the juice ferments, so does resentment over the use of […]

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US housing slump may extend into 2009

There’s a 50 to 60% chance of a recession as consumers curb spending: analyst (CHICAGO) Ivy Zelman’s view of the US housing market is gloomy, but it’s probably the most realistic. A veteran Wall Street analyst, Zelman, chief executive of the research firm Zelman & Associates, says it’s unlikely the US housing market will recover […]

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Sub-prime rescue bid will do more harm than good

By PAUL KRUGMAN IT pains me to say this, but this time former Federal Reserve chairman Alan Greenspan is right about US housing. Mr Greenspan was wrong in 2004, when he sang the praises of adjustable-rate mortgages. He was wrong in 2005, when he dismissed the idea that there was a national housing bubble, suggesting […]

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Credit crunch puts global growth at risk: IMF chief

Champions of super fund to rescue mortgage market seen losing case (WASHINGTON/ZURICH) World credit markets ‘have lived through an earthquake’ and the question is now whether the global economy has reached a turning point after five years of strong growth, the head of the International Monetary Fund said yesterday. Addressing the IMF’s 185 member countries, […]

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Developing markets little hit by turmoil: World Bank

Central bankers see need for multilateral talks to strengthen risk management (WASHINGTON) The impact of recent turbulence in financial markets on developing countries has been limited, and global economic growth remains strong, the World Bank said on Sunday. Finance ministers and central bankers agreed at weekend meetings that while the global economy was on the […]

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Yishun mall to get bigger, better with new Northpoint 2

Extension is one of three malls Frasers Centrepoint will inject into its trust YISHUN residents, who for years managed with only Northpoint to meet their shopping needs, will get a retail shot in the arm next year. Frasers Centrepoint Trust (FCT), a real estate investment trust (Reit) that owns retail malls including Northpoint, plans to […]

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70% of Jurong Point’s uncompleted wing leased out

JURONG Point, which is set to be Singapore’s largest suburban mall, says its new extension is already 70 per cent taken up more than a year ahead of the wing’s completion. One of the main tenants, supermarket retailer NTUC FairPrice, will open a FairPrice Xtra, its hypermarket brand. It will take up more than 70,000 […]

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US housing crisis deepens – Credit problems could spread to other types of loans

NEW YORK – CREDIT problems in the United States, once confined to high-risk mortgage borrowers, may be spreading to other types of consumer loans, posing new risks to the American economy. US banks have raised reserves for loan losses by at least US$6 billion (S$8.8 billion) over the second quarter and by even larger amounts […]

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Dollar sinks on fears over US economy

TOKYO – THE US dollar suffered fresh losses against the yen and hit a record low against the euro in Asian trade yesterday, as concerns about the United States economy sparked another rout on global stock markets, dealers said. The euro shot higher after top world finance chiefs refrained from voicing increased concern about currencies […]

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