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

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

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

US stocks mark time amid easing oil, firming dollar
Posted: 31 May 2008 0544 hrs
NEW YORK - US stocks marked time Friday after three days of gains amid easing oil prices, a firming dollar and consumer spending and income figures in line with expectations.
The Dow Jones Industrial Average fell 7.90 points (0.06 percent) to close [...]

Posted on May 31st, 2008 under World News | . Tags: inflation, oil crisis, world economy, world news. Comments: None

20 firms pledge to give one-off payout to help workers cope with inflation
By Wong Siew Ying, Channel NewsAsia | Posted: 29 May 2008 1946 hrs
SINGAPORE: About 20 companies have decided to adopt the National Wages Council’s recommendation to give their rank-and-file employees a one-off lump sum payment to help them cope with inflation.
“I am happy [...]

Posted on May 29th, 2008 under Singapore News | . Tags: inflation, singapore economy, singapore news. Comments: None

FairPrice discourages consumers from buying more than 5 packets of rice
By Lynda Hong, Channel NewsAsia | Posted: 09 May 2008 2049 hrs

SINGAPORE: A shopper at a FairPrice supermarket told Channel NewAsia he was not allowed to buy more than three packets of rice. FairPrice said the restriction is to protect consumer interest.
The supermarket chain [...]

Posted on May 9th, 2008 under Singapore News | . Tags: inflation, singapore economy, singapore news. Comments: None

Inflation to hit Singapore harder than US economic slowdown
By Rachel Kelly and Jonathan Peeris, Channel NewsAsia | Posted: 08 May 2008 2050 hrs
SINGAPORE : Inflation is a more serious problem for Singapore and other Asian economies than an economic slowdown in the United States, according to HSBC’s senior Asian economist, Robert Prior-Wandesforde.
He said if [...]

Posted on May 8th, 2008 under Singapore Business News, Singapore News | . Tags: inflation, singapore business, singapore economy, singapore news. Comments: None

Philippines inflation hits three-year high at 8.3% in April
Posted: 06 May 2008 1223 hrs
MANILA: Surging food and energy prices in the Philippines pushed the inflation rate in April to 8.3 percent, the highest level in three years, the government said on Tuesday.
The National Statistics Office said “all the commodity groups at the national level [...]

Posted on May 6th, 2008 under World News | . Tags: inflation, world economy, world news. Comments: None

India inflation hits 42-month high of 7.57%
Posted: 02 May 2008 1637 hrs
NEW DELHI: India’s inflation rate accelerated to a 42-month peak of 7.57 percent, driven by higher food costs, according to official data on Friday, dealing a fresh blow to the government.
Annual inflation quickened more than two-tenths of a percentage point to touch 7.57 [...]

Posted on May 2nd, 2008 under World News | . Tags: inflation, world economy, world news. Comments: None