Singapore Property and Real Estate News Portal

GIC may make more investments into notable banks By Ng Baoying, Channel NewsAsia | Posted: 01 May 2008 0139 hrs SINGAPORE: The Government of Singapore Investment Corporation (GIC) may make more investments into notable banks, according to its chairman Minister Mentor Lee Kuan Yew. GIC recently bought stakes in UBS and Citigroup for a combined [...]

More jobs created in early 2008 Posted: 30 April 2008 1145 hrs Singapore – More jobs were available in the Singapore’s services sector in the past few months, contributing to a growth in employment figures. Preliminary estimates show that employment grew by 68,400 in the first quarter of 2008 as the economy picked up pace. [...]

MAS expects S’pore inflation to cool to 4% in second half Posted: 29 April 2008 1228 hrs SINGAPORE – The Monetary Authority of Singapore (MAS) has said it expects inflation, now at a 26-year high of 6.7 percent, to cool to an average 4 percent in the second half of this year. Singapore’s central bank [...]

Government prepared to do more to soften impact of rising food prices By Dominique Loh, Channel NewsAsia | Posted: 26 April 2008 2018 hrs SINGAPORE: The Singapore government is prepared to do more to soften the impact of rising food prices – if necessary – in the next Budget. Senior Minister Goh Chok Tong revealed [...]

More S’poreans use coupons and opt for house brands to cut spending By Asha Popatlal, Channel NewsAsia | Posted: 25 April 2008 2142 hrs SINGAPORE: With Singapore’s March inflation hitting a 26-year high at 6.7 per cent, many are starting to use a variety of ways to make their dollar stretch further. One customer said: [...]

Singapore welcomes close to one million visitors in March By Channel NewsAsia | Posted: 24 April 2008 1835 hrs SINGAPORE: A new record was set for visitor arrivals to Singapore for the month of March. According to the Singapore Tourism Board, 908,000 visitors arrived in Singapore last month, representing a growth of 5.7 per cent [...]

Singapore’s March inflation rate at 26-year high of 6.7% Posted: 23 April 2008 1331 hrs SINGAPORE: Singapore’s annual inflation was 6.7 percent last month, the highest in 26 years, the Department of Statistics said on Wednesday. It said the consumer price index (CPI) was boosted by higher costs of food, transport, communications and housing. The [...]

Singapore dollar hits record high against US dollar Posted: 23 April 2008 1452 hrs SINGAPORE – The Singapore dollar hit a record high against the greenback on Wednesday after inflation in the city-state rose and amid fears of a US recession. The Singapore unit hit a peak of 1.3463 to one US dollar before falling [...]

F1 race expected to generate tourism receipts of about S$100m Posted: 22 April 2008 1641 hrs SINGAPORE: Trade and Industry Minister Lim Hng Kiang on Tuesday said the upcoming F1 race is expected to generate additional tourism receipts of about S$100 million this year alone. Some 30 to 40 per cent of the spectators at [...]

Pump prices would have risen more if S$ had not firmed against US$ By Chio Su-Mei, Channel NewsAsia | Posted: 22 April 2008 1654 hrs SINGAPORE: Pump prices in Singapore would have risen more had the Singapore dollar not strengthened against the US dollar. Senior Minister of State for Trade and Industry S Iswaran said [...]