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 [...]

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. [...]

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 [...]

Malaysia’s IDR attracts major Middle Eastern, Singapore investors By Rachel Kelly, Channel NewsAsia | Posted: 15 April 2008 2211 hrs SINGAPORE : Singapore investors have been snapping up properties within Iskandar Malaysia in the state of Johor, according to Malaysian property firm UEM Land. UEM Land said Singapore investors have so far accounted for 95% [...]

S’pore’s GIC mulls further investment in UBS: WSJ A SINGAPORE sovereign wealth fund is considering injecting more cash into Swiss banking giant UBS AG, the Wall Street Journal (WSJ) reported on Tuesday.The Government of Singapore Investment Corp, or GIC, is considering taking part in the US$15 billion (S$20.3 billion) rights issue UBS announced early in [...]