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 [...]

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 [...]

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 [...]

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) [...]

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. [...]

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 [...]

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 [...]

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 [...]

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 [...]

South Korea’s inflation close to four-year high Posted: 01 May 2008 1740 hrs SEOUL : South Korea’s inflation hit the highest level in almost four years in April on increased fuel costs, breaching the target range for the fifth consecutive month, government statistics showed on Thursday. The consumer price index gained 4.1 percent in April [...]