Archive | November 3, 2007

Take-up of JTC ready-built space rises to 2-year high

Strong demand for factory, business park premises in third quarter THE take-up among businesses for JTC Corp’s ready-built facilities is at a two-year high. Net allocation of such industrial space stood at 75,100 sq m in the July to September quarter – 29 per cent more than in the previous quarter and the highest since […]

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$308.5M INVESTMENT – KepLand in 2 tie-ups to build Viet homes

KEPPEL Land (KepLand) has bought more residential sites in Ho Chi Minh City to ride on the rapid growth of Vietnam’s property market. The developer announced yesterday that it has entered into two separate joint ventures with local developer An Phu to develop luxury villas and condominiums in an upmarket area of Ho Chi Minh […]

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SingLand, UIC profits up on higher rentals

A ROBUST property market lifted net profits at Singapore Land and its parent, United Industrial Corporation (UIC), in the third quarter. SingLand said its earnings in the quarter rose 30 per cent to $30.1 million from $23.2 million a year earlier. Revenue was up 27 per cent at $70.5 million. It attributed the revenue jump […]

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Asian bourses hit by fresh fears of US credit crunch

Investors spooked by concerns that big Western banks may face losses; STI down 2.3% ASIAN markets fell into a tailspin yesterday, a day after renewed fears over the health of the United States economy sparked a swoon on Wall Street. Hong Kong led the falls, tumbling 1,024 points, or 3.25 per cent. Taiwan fell 3.39 […]

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US jobs growth picks up strongly

WASHINGTON – AMERICAN employers added almost twice as many jobs last month as forecast, helping steer the economy clear of recession even as the housing slump deepens. Payrolls climbed by 166,000 after a 96,000 increase in September, the Labour Department said yesterday. The jobless rate held at 4.7 per cent. Economists said the report makes […]

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