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

Prices have been slashed by half at Luma, a 75-unit freehold luxury
condominium at River Valley Grove.
Relaunching this weekend, units at Luma are being offered at $1,450 per
square foot, down almost 50 per cent from $2,800 psf when it was first
launched last year.
About 10 units had been sold, mainly in Dubai and Hong Kong.
SISV-Realink data shows [...]

Posted on November 15th, 2008 under Singapore News | . Tags: central, city, district 10, district 9, Luma, new project launch, Orchard, prime district, private property, projects, Property, real estate agent, residential, river valley, Singapore, singapore economy, singapore news, town, world economy, world news. Comments: None

Singapore’s sovereign credit rating remains stable
By Pamela Almeda, Channel NewsAsia | Posted: 30 May 2008 2325 hrs
SINGAPORE: International ratings agency, Moody’s, said it has no immediate plans to review its sovereign credit rating for Singapore as the country has strong credit fundamentals, including robust external assets.
Singapore has the highest triple-A sovereign rating from Moody’s, [...]

Posted on May 30th, 2008 under Singapore Business News, Singapore News | . Tags: singapore business, singapore economy, singapore 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

Management of foreign reserves likely to be more difficult in future
By Channel NewsAsia’s Shanghai Correspondent Glenda Chong | Posted: 09 May 2008 2250 hrs
SHANGHAI: The Government of Singapore Investment Corporation (GIC) expects the management of foreign exchange reserves to be more difficult in the coming years due to economic uncertainties and market volatility.
The point [...]

Posted on May 9th, 2008 under Singapore News | . Tags: singapore business, singapore economy, singapore investment. 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

PM Lee says Singapore will continue to develop financial sector
By Wong Siew Ying, Channel NewsAsia | Posted: 06 May 2008 2209 hrs
SINGAPORE: Prime Minister Lee Hsien Loong said Singapore will continue to develop the financial sector as more activities are being moved to the city-state.
Mr Lee, who was speaking to 120 bankers at the [...]

Posted on May 6th, 2008 under Singapore Business News, Singapore News | . Tags: singapore economy, singapore growth, singapore investment. Comments: None

Job growth expected to be healthy this year despite US slowdown
By Wong Siew Ying, Channel NewsAsia | Posted: 02 May 2008 2154 hrs
SINGAPORE: Fears of job loss due to the slowdown in the US economy are unfounded, at least for now.
This is according to economists who said the job outlook in Singapore should remain [...]

Posted on May 2nd, 2008 under Singapore News | . Tags: singapore economy, singapore news. Comments: None