For Sale!!! Enjoy Spacious Living in Tanjong Rhu!!!

Enjoy Spacious Living in Tanjong Rhu!!!   Check out this extremely rare unit in Tanjong Rhu….   Introducing…. THE WATERSIDE   –      FREEHOLD … The ONE AND ONLY FREEHOLD in Tanjong Rhu Facing East Coast Park)   –         2,142 sqft… The ONE AND ONLY FREEHOLD AND 2000+sqft in Tanjong Rhu   Owner-Occupied Unit!   The best thing?   […]

INVESTOR’S CHOICE UNIT! 40 SECS to HOLLAND VILLAGE!!!

INVESTOR’S CHOICE UNIT!!!     Check out this unit! The location is a no-brainer! Located just NEXT to Holland Village – you just need a 40 SECONDS STROLL!   It’s so precious – Just beside the GOOD CLASS BUNGALOWS! And ONLY 85 units!   To give you an idea of how quickly the unit is sold: […]

Telok Blangah, HarbourFront set to get more waterfront homes

But areas closest to Mt Faber unlikely to achieve much higher plot ratios: JLL (SINGAPORE) More waterfront homes, some tucked into the lower part of Mount Faber, could spring up in the Telok Blangah and HarbourFront precincts under Master Plan 2008, according to a recent study by Jones Lang LaSalle. The impetus for more intensive […]

New Orchard MRT passageway set to dazzle

Opening today, the entrance-exit will link station to ION Orchard BE ready to be greeted by friendly ushers and, if you are early enough, the aroma of a free cup of coffee will make your day too as you exit from the ticket counter at Orchard MRT station today. Also, take time to admire the […]

Retail space turns competitive

Concerns over new supply, rising costs even though occupancy is high DTZ Debenham Tie Leung has raised some concerns about the market for retail space turning competitive as more developments are completed in the next few years. It said that while occupancy in the retail market remained high at 90 per cent, there were some […]

Converting hotels into condos just got harder

Rules to ensure that sites zoned as hotels are not switched to other uses (SINGAPORE) Redevelopment plans involving the likes of Four Seasons Hotel along Orchard Boulevard and Negara on Claymore may have to go back to the drawing board after the government tightened hotel conversion rules yesterday. If the owners of these properties had […]

Freehold GCB site off Holland Road on sale for $41m

A FREEHOLD good class bungalow (GCB) development site at 11 Ford Avenue has been put up for sale and the indicative price is $41 million. This works out to about $893 per square foot for the 45,894 square feet site which is off Holland Road. A single-storey bungalow currently sits on the site, which is […]

UEM Land wants govt to ease limits

(KUALA LUMPUR) UEM Land Sdn, overseeing Malaysia’s biggest property project, wants the government to ease limits on foreign purchases to aid the company’s plans to attract Singaporeans seeking cheaper homes outside the city-state. Foreigners can now only own half of the properties in any Johor resort development, and the limit is 20 per cent for […]

Limitless launches US$1.2b loan

(LONDON) Government-owned Dubai property company Limitless has launched syndication of a US $1.2 billion, two-year Islamic loan, which will be used to finance international projects, the borrower announced. A bank meeting was held on Sunday in Dubai and further roadshows will be held in Singapore, Kuala Lumpur and London, the company said, adding that Emirates […]

Goldman Sachs cuts Asia’s growth forecast

Expected US recession seen eroding demand for region’s exports (SINGAPORE) Goldman Sachs Group has lowered its growth forecast for Asia on concern that an expected US recession will erode demand for the region’s exports. Asia, excluding Japan, will expand 8.3 per cent this year, down from an earlier estimate of 8.6 per cent, Hong Kong-based […]

M’sian property uptrend seen to continue

(KUALA LUMPUR) Malaysia’s real estate sector is expected to remain on the upside for the next few years, backed by positive interest in the market, says a report in Malaysia’s Business Times. Malaysian Annual Real Estate Convention 2008 (Marec) organising chairman Siva Shankar said that the scenario is likely to continue despite the escalating prices […]

KL moots star rating for housing projects

Move will allow buyers to assess environmental risk (KUALA LUMPUR) Housing projects in Malaysia could be given a rating of one to five stars, depending on their level of risk to the environment. Natural Resources and Environment Minister Azmi Khalid said on Monday that the move was to discipline developers to exercise care and emphasise […]

Markets brace for news of big losses by banks

Citigroup could write off US$24b, lay off 20,000 staff (LONDON) Major American banks are expected to unveil substantial losses and secure more cash from abroad in what is shaping up to be a pivotal week for the global credit crisis. Citigroup could write off as much as US$24 billion and lay off 20,000 workers in […]

China increases penalties for price-fixing to fight inflation

Firms that hoard goods can be fined up to one million yuan: Cabinet (BEIJING) China’s Cabinet yesterday sharply increased penalties for price-fixing, expanding an anti-inflation campaign that has failed to cool a surge in politically sensitive food costs. Food costs soared by 18.2 per cent in November, pushing the overall monthly inflation rate to 6.9 […]

Big China firms’ bonds better: ING

(HONG KONG) Investors in Chinese property bonds should adjust their portfolios in favour of larger, diversified firms and cut their exposure to smaller developers which are focused on fewer cities, ING Bank said in a report yesterday. The bank advised bond investors to remain invested in bigger firms like Shimao Property Holdings, Agile Property Holdings […]

China may be cooling off at the wrong time

Global economy will take double hit if US goes into recession (PARIS/BEIJING) China is starting to gain control of its turbocharged economy, just as a US slowdown raises the risks of doing so. A narrowing trade surplus and declining money- supply growth are among the first signs that China is pulling back from its fastest […]

Space surge may slow Orchard Rd rent rises

Almost 2m sq ft to be added between now and 2011 AN IMPENDING surge of new shop space in Orchard Road may put the brakes on the growth of retail rents along the shopping stretch. Almost two million sq ft of new retail gross floor area is set to open in the area between now […]

Govt to check hotel conversions islandwide

THE Government has made a key policy change regarding land set aside for hotels at a time of heightened concern over the supply of rooms during the tourism boom. It has discontinued the hotel safeguarding policy, so developers with land designated for hotels may find it harder to convert the site for other uses, such […]

Inflation in S’pore may hit 6.5% this month

CONSUMER prices in Singapore may surge a staggering 6.5 per cent this month, bringing full- year average inflation to an equally eye-popping 5 per cent, according to Citigroup. Higher housing and food costs are likely to cause a spike in price levels this month, while low interest rates may stimulate property prices later in the […]

Citigroup could write down $34b, cut staff

Analysts also expect US’ largest lender to report $5.7b in fourth-quarter losses NEW YORK – CITIGROUP could make as much as US$24 billion (S$34.3 billion) in write-downs and lay off 20,000 staff as part of a plan to cut costs and boost capital, CNBC has reported. The report on its website dated Sunday said the […]

China economy may cool down at worst time

Combination of a US recession and a hard landing in China could cause global slowdown PARIS – CHINA is starting to gain control of its turbocharged economy, just as a United States slowdown raises the risks of doing so. A narrowing trade surplus and declining money-supply growth are among the first signs that the world’s […]

EU seeking partnership with China in Africa

Proposal comes as Chinese presence is eroding Europe’s influence in region LONDON – THE European Union has announced that it is seeking Chinese cooperation in Africa. EU Development Commissioner Louis Michel has pledged to present Beijing with an ‘African partnership’ when he visits China in March. But Mr Michel, a former Belgian foreign minister known […]

Kuwait emerges as key to US banks’ funding plans

KUWAIT’S sovereign wealth fund is emerging as a key investor in plans by Merrill Lynch and Citigroup to raise about US$19 billion (S$27.2 billion) to help shore up their balance sheets, according to media reports. Merrill is in talks to raise up to US$4 billion worth of fresh capital with the Kuwait Investment Authority (KIA). […]

Slowing Europe may be bigger concern for S’pore, region

FOR Singapore and other Asian economies that are heavily dependent on exports, a decelerating Europe may be a cause for greater concern than a slowdown in the United States. While the US economy will slow down in the first half of the year, it is unlikely to sink into a recession, said Deutsche Bank chief […]