Singapore Property and Real Estate News Portal

US economy limps ahead with 0.6% growth Posted: 30 April 2008 2254 hrs WASHINGTON: The US economy managed to avert the onset of recession as it struggled to grow at a 0.6 percent annual pace in the first quarter, government figures showed on Wednesday. The first estimate of gross domestic product was slightly better than [...]

US stocks mostly lower after weak consumer, housing data Posted: 30 April 2008 0537 hrs NEW YORK: Wall Street ended mainly lower on Tuesday as a weak reading on consumer confidence and a survey showing steeper home prices declines offset the positive impact of a sharp drop in crude oil prices. Trade was cautious a [...]

MRT ridership up 7.9% to over 469m last year By Timothy Ouyang, Channel NewsAsia | Posted: 30 April 2008 0013 hrs SINGAPORE : SMRT has seen ridership going up since it increased train runs in February. Ridership for January to March alone shot up 10.9 percent, following the increase in taxi fares. For the entire [...]

More jobs created in early 2008 Posted: 30 April 2008 1145 hrs Singapore – More jobs were available in the Singapore’s services sector in the past few months, contributing to a growth in employment figures. Preliminary estimates show that employment grew by 68,400 in the first quarter of 2008 as the economy picked up pace. [...]

Underpass linking City Hall MRT to Suntec City Mall opens to public By Lynlee Foo, Channel NewsAsia | Posted: 30 April 2008 1755 hrs SINGAPORE: An underground public walkway connecting One Raffles Link to Suntec City Mall is now open once again. And from now till 4 May, Suntec City Mall is giving away free [...]

Keppel Land enters joint venture with Sunsea Yacht Club By Channel NewsAsia | Posted: 30 April 2008 2105 hrs SINGAPORE: Keppel Land has entered into a joint venture with Sunsea Yacht Club to develop its first integrated residential cum marina lifestyle development in Zhongshan, Guangdong. Keppel Land will have an 80 per cent stake in [...]

Smith Street market reopens on Thurs, 10% of stalls will resume business By Heather Tan, Channel NewsAsia | Posted: 30 April 2008 2123 hrs SINGAPORE : After 22 months of renovations, the Smith Street market in Chinatown is set to re-open on Thursday. However, only about 10 percent of the stalls will resume business as [...]

40% of Tekka Centre tenants opt to move to temporary market By Chitra Balagumaran, Channel NewsAsia | Posted: 30 April 2008 2144 hrs SINGAPORE : Only 40 percent of shop owners at the Tekka Centre in Little India have opted to move to the temporary market along Race Course Road. The Tekka Centre along Serangoon [...]

JTC releases North Buona Vista Drive site for sale Posted: 30 April 2008 2151 hrs SINGAPORE : JTC Corporation releases its North Buona Vista Drive (LX 1-1) site for sale under the government’s reserve list . The 99-year lease site is located at the junction of North Buona Vista Road and Commonwealth Avenue West. Under [...]

US home prices in steeper fall Posted: 29 April 2008 2320 hrs WASHINGTON : Home prices in major US cities slumped an average of 12.7 percent year-to-year in February, a survey showed on Tuesday in a sign of even deeper troubles for the ailing housing market. The Standard & Poor’s/Case-Shiller index of prices in 20 [...]