Archive | March 25, 2008

HDB imposes checklists on resale flats

Business Times – 25 Mar 2008 THE Housing and Development Board will introduce mandatory checklists for housing agents handling resale flat transactions from May 1 – a move welcomed by industry players. The checklists cover key policies and procedures that housing agents will need to advise resale flat buyers and sellers on before they commit […]

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Home, retail, office rental growth to ease

Business Times – 25 Mar 2008 Housing rentals to rise 5-15% year-on-year in 2008: Knight Frank PRIVATE housing rents are expected to grow at a slower pace this year than last year, Knight Frank said in a report yesterday. The property consultancy firm expects a year-on-year rise of 5-15 per cent in 2008 – after […]

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Don’t know what to do during the current property lull?

Business Times – 25 Mar 2008 PROPERTY EXPERTS GIVE SOME TIPS Seven tips for buying a second home Did you know, for example, that an HDB flat near an MRT station will give you a higher rental yield than most private properties? The importance of being earnest when going en bloc A major en bloc […]

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3,500 vied for 714 condo-like flats in Boon Keng, but only 460 sold

The Straits Times March 25, 2008 THOUSANDS of applications poured in for a condo-like Housing Board project in January – but as of last week, less than two-thirds of the flats had been taken up. About a third of the 714 units – or about 250 units – in City View @ Boon Keng remained […]

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US crisis deepens as home owners turn to short-term loans

The Straits Times March 25, 2008 Such ‘payday loans’ come with high interest rates, piling on the debts CLEVELAND (OHIO) – AS HUNDREDS of thousands of American home owners fall behind on their mortgage payments, more are turning to short-term loans with sky- high interest rates to get by. While hard figures are hard to […]

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Singapore inflation stays at 26-year high

The Straits Times March 25, 2008 Prices jump 6.5%, driven by higher food, transport and housing costs CONSUMER prices surged 6.5 per cent last month from a year ago, continuing a rate of increase not seen in 26 years. Food, transport and housing costs were again the main drivers as a confluence of external and […]

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Realising the Marina Bay vision

Business Times – 22 Mar 2008 CHING TUAN YEE and BENJAMIN NG reflect on the planning of Singapore’s most ambitious urban project and highlight the exciting developments in store for Singaporeans and visitors alike THE vision for Marina Bay is that of a high-quality, 24/7 live-work-play environment, one that encapsulates the essence of the global […]

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Business confidence takes a dive

Business Times – 24 Mar 2008 BT-UniSIM survey shows companies gloomy about next six months, despite strong orders  (SINGAPORE) Business confidence in Singapore has slumped to its lowest level since end-2004, according to the latest business climate survey by The Business Times (BT) and SIM University (UniSIM). While sales and profit figures were largely unchanged […]

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Singapore interest rates likely to fall further

The Straits Times March 24, 2008 Fed cut and robust Sing$ could push interbank lending rate below 1% SINGAPOREANS can expect cheaper mortgages but lower savings and fixed deposit rates in the months to come. This is after a move by the United States Federal Reserve to slash a key US interest rate last week. […]

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PROPERTY: Muted market gives buyers more bargaining power

The Straits Times March 23, 2008 Prices aren’t tumbling but it’s a good time to get a unit at a reasonable price, say experts IT IS no secret that the residential property market is in a lacklustre mood. With many buyers and sellers having scurried to the sidelines as the United States sub-prime woes brought […]

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