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 [...]

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 [...]

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 [...]

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 [...]

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. [...]

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 [...]

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 [...]

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 [...]

Upcoming cruise centre in Marina South drawing interest from industry players By Pamela Almeda, Channel NewsAsia | Posted: 02 May 2008 2341 hrs SINGAPORE : The upcoming cruise terminal in Marina South is drawing a lot of attention from industry players. With the appointment of the new terminal operator expected by the third quarter of [...]