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

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

Economic slowdown seen putting brakes on energy efficiency drive here

GREEN development in the building space is likely to take a backseat among some organisations given the economic slowdown because the benefits are not tangible in the short-term, a building consultant said.
This is despite it being the ‘most ideal time’ to invest in green technology because [...]

Posted on November 15th, 2008 under Singapore News | . Tags: central, city, developer, district 10, district 9, Environment, Green, Investment, new project launch, prime district, projects, Property, property market, real estate, real estate investment, residential, Singapore, singapore growth, town, world economy, world news, world trade. Comments: None

Property analysts say muted property market situation is temporary
By Ng Baoying, Channel NewsAsia | Posted: 28 May 2008 2209 hrs
SINGAPORE: Investors have been cautious about the property sector amid expectations that the muted residential property market will weaken further. However, some property consultants are taking a slightly more positive stance, saying that this situation [...]

Posted on May 28th, 2008 under Real Estate News, Singapore News | . Tags: property market, real estate, real estate investment, residential, Singapore Property. Comments: None

Ho Bee’s Q1 net profit drops 62% to S$26m
Posted: 08 May 2008 2027 hrs
SINGAPORE: Property developer Ho Bee has reported a 62 percent drop in first quarter net profit to S$26 million. Its revenue also fell 62 percent to S$94 million.
Ho Bee said this was mainly due to the lower recognition of revenue from [...]

Posted on May 8th, 2008 under Real Estate News, Singapore News | . Tags: developer, property market, real estate, Singapore Property. Comments: None

Mandarin Gardens’ management panel steps down over enbloc disputes
By Timothy Ouyang, Channel NewsAsia | Posted: 02 May 2008 2033 hrs
SINGAPORE : Enbloc sales woes and unhappiness at Mandarin Gardens have left the condominium without a management committee for the past week.
The previous committee refused to be re-nominated for elections at its Annual General Meeting [...]

Posted on May 2nd, 2008 under Real Estate News, Singapore News | . Tags: en bloc, property market, real estate, Singapore Property. Comments: None

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 major cities [...]

Posted on April 29th, 2008 under Real Estate News, World News | . Tags: property market, real estate, residential. Comments: None

A hospital in Bukit Batok?
By Sheralyn Tay, TODAY | Posted: 28 April 2008 1120 hrs
SINGAPORE: The day could come when the northern part of Singapore is served by three hospitals and not just the upcoming Khoo Teck Puat hospital in Yishun.
Hinting at this on Sunday at a community dialogue, Health Minister Khaw Boon Wan [...]

Posted on April 28th, 2008 under Real Estate News, Singapore News | . Tags: land sales, medical, property market, real estate, Singapore Property. Comments: None