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

 
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

KUALA LUMPUR - Malaysia’s economy is not expected to fall into recession and its currency could gradually firm over the medium term, the central bank chief was quoted on Saturday as saying.
Economic growth next year would hit the 3.5 per cent official target, with policies in place to contain the fallout from the global [...]

Posted on November 15th, 2008 under Singapore News | . Tags: Analyst, Appreciation, Asia, Bank, central, Crude oil, Currency, DEG, Domestic Economic Growth, Economic, Economy, Foreign Exchange, Growth, inflation, Investment, Kuala Lumpur, Malaysia, Market, Monetary, Negara, Palm Oil, Policy, Recession, RHB, Ringgit, Southeast Asia, The Star, Zeti Akhtar Aziz. Comments: None

FRANKFURT - Global central banks are ready to take further steps to ease market tensions and bolster faltering economic growth, top policymakers said on Friday, as world leaders gathered for talks on the economic crisis.
Speaking at a conference in Frankfurt, US Federal Reserve Chairman Ben Bernanke and European Central Bank President Jean-Claude Trichet said [...]

Posted on November 15th, 2008 under Singapore News | . Tags: Bank, Ben Bernanke, central, Claude, Credit Crunch, Economic, Economic Crisis, Economy, European, Fed, Federal Reserve, Financial, financial crisis, Frankfurt, Global, Growth, Investments, Israel, Jean, Liquidity, Markets, Performance, Policymaker, Rate cut, shares, Stanley Fischer, stock market, Su Ning, sub prime crisis, Top, Trichet, United States, US, world economy, world news, world trade. Comments: None