Singapore Property and Real Estate News Portal

THERE were some errors in our report, River Valley condo Luma relaunches with prices halved (BT, Nov 14).
The condominium is located at River Valley Grove and not St Thomas Walk. The number of units sold earlier was not 10, but six.
BT also understands that the developer, Novelty Group, purchased the site for around $27 [...]

Posted on November 17th, 2008 under Singapore News | . Tags: asia economy, Banking, Business times, central, city, Clarification, condo, condo for sale, Correction, developer, district 10, district 9, Economy, Financial, Fiscal Year, Growth, inflation, Investment, Investments, land sales, landed property, Luma, Markets, Monetary, new launch property, new project launch, Novelty Group, Orchard, Performance, prime district, private property, projects, property market, real estate, real estate agent, real estate investment, residential, river valley, shares, Singapore, singapore business, singapore economy, singapore growth, singapore investment, singapore news, Singapore Property, Southeast Asia, St Thomas Walk, stock market, town, world economy, world news, world trade. Comments: None

ZURICH - Swiss bank UBS AG, under pressure at home to give up on hefty bonus schemes in the face of its poor performance, said on Monday it will introduce a more transparent pay system for top executives.
The bank, which is struggling in the sub-prime crisis and whose shares slumped to a new all-time low [...]

Posted on November 17th, 2008 under Singapore News | . Tags: 2009, AG, Analyst, asia economy, Bank, Banking, Credit Suisse, Deutsche Bank, DJ, Dow Jones, Economic, Economic Crisis, Economy, Financial, financial crisis, Fiscal Year, Foreign Exchange, GMT, Growth, Investments, Investor, Marcel Rohner, Market, Markets, Monetary, news, Peter Kurer, property market, Raoul Weil, real estate investment, Recession, shares, stock market, Sub Prime, sub prime crisis, Swiss, Swiss Franc, Tax Fraud, UBS, United States, US, Wall Street, world economy, world news, world trade, Zurich. Comments: 1

SINGAPORE - The Encarta World English Dictionary defines ‘capitulate’ as ’surrender, especially under specified conditions; consent or yield: to give in to an argument, request, pressure or something unavoidable’. It also defines ‘capitulation’ as ‘a giving up of resistance’.
Much has been made of the selling of the past year, with some observers believing that markets [...]

Posted on November 16th, 2008 under Singapore News | . Tags: asia economy, Dow Jones, Economic, Hang Seng Index, inflation, Japan, Nikkei, shares, Singapore, Southeast Asia, STI, stock market, Stocks, Straits Times Index, United States, US, Wall Street, world economy, world news, world trade. Comments: None

 
Dubai rental market on the rise
Concern about the credit crunch has created a movement in the Dubai property market away from sales towards rentals, according to industry experts.
More and more properties are being marketed for rent rather than being sold on. ‘Speaking to brokers, we have noticed a shift in the market. Now that more [...]

Posted on November 16th, 2008 under Singapore News | . Tags: Analyst, Appreciation, Arabtec Holding, Asia, asia economy, city, Credit Crunch, Domestic Economic Growth, Dubai, Economy, Growth, Market, Monetary, Pooja Rajani, Property Rent, real estate, Rental, Riad Kamal, Southeast Asia, stock market, town, world economy, world news, world trade. Comments: None

JAKARTA - Indonesia’s central bank said on Friday the country’s US$220-billion banking system ‘remains steady and solid’ despite a scare after a small bank failed to settle interbank payments.
However, the monetary authority warned that growth in Southeast Asia’s biggest economy next year will be far less than its forecast of 6.5 per cent in [...]

Posted on November 15th, 2008 under Singapore News | . Tags: asia economy, Bank Indonesia, Banking, Boediono, Economy, Global, Growth, Indonesia, Indonesian, Investment, Investments, Jakarta, Jos Luhukay, Liquidity, Miranda Goeltom, Monetary, PT Bank Artha Graha Tbk, PT Bank Century Tbk, PT Bank Danamon Tbk, Siti Fadjrijah, Southeast Asia, stock market, Strong, world economy, world news, world trade. Comments: None

HONG KONG - Hong Kong is heading for a record HK$80 billion (US$10.3 billion) budget deficit for 2008/09 after offering tax concessions and handouts and as a weakening economy depresses public revenues, Deloitte forecast on Thursday.
Analysts say Hong Kong’s economy is heading for recession within the next six months, after four years of robust growth [...]

Posted on November 15th, 2008 under Singapore News | . Tags: asia economy, developer, Hong Kong, Investments, new project launch, price rise, private property, Property, property market, real estate, world economy, world news. Comments: None

Asian stocks slide on renewed credit crisis, inflation worries
Posted: 03 June 2008 1901 hrs
HONG KONG : Asian stocks slid Tuesday due to fears that high inflation threatened economic growth and following a Wall Street tumble triggered by renewed concerns about the global financial crisis.
Japanese shares ended 1.6 percent lower as concerns about the health of [...]

Posted on June 3rd, 2008 under Singapore News | . Tags: asia economy, singapore business, singapore news, world economy, world news. Comments: None

Oil trades above US$132 a barrel in Asian trade
Posted: 26 May 2008 1658 hrs
SINGAPORE : Oil traded higher at more than 132 dollars a barrel Monday as the US summer driving season kicked off, underscoring concerns that output was inadequate amid rising demand.
Tightness in the oil market has made prices sensitive to a confluence [...]

Posted on May 26th, 2008 under Singapore News | . Tags: asia economy, oil crisis, singapore news. Comments: None

Spike in prices hits Hong Kong shoppers, food industry
Posted: 08 May 2008 0132 hrs
HONG KONG : Shoppers and food suppliers in Hong Kong have have been feeling the pinch in recent months as food prices have skyrocketed, showing the port city’s vulnerability to global shifts in commodities markets.
Hong Kong’s staple foods of pork, rice [...]

Posted on May 8th, 2008 under World News | . Tags: asia economy, financial crisis, world economy. Comments: None