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 [...]

Malay Village area set for a revamp under URA Draft Masterplan 2008 By Imelda Saad, Channel NewsAsia | Posted: 26 May 2008 2007 hrs SINGAPORE: National Development Minister Mah Bow Tan has unveiled some features of the Malay Village facelift under the URA Draft Master Plan 2008. In outlining future plans for the Paya Lebar [...]

Asian stocks slide on renewed credit crisis, inflation worries Posted: 03 June 2008 1901 hrs HONG KONG : Asian stocks slid Tuesday due to fears that high inflation threatened economic growth and following a Wall Street tumble triggered by renewed concerns about the global financial crisis. Japanese shares ended 1.6 percent lower as concerns about [...]

Singapore Poly students submit ideas to remake Punggol Town By Chio Su-Mei, Channel NewsAsia | Posted: 03 June 2008 1733 hrs SINGAPORE: The Housing Development Board (HDB) is tapping on the minds of Singapore Polytechnic (SP) students, to remake Punggol Town. The call for ideas is also extended to the general public.www.hdb.gov.sg. Gabriel Seah, a [...]

Singapore more prepared for infectious disease outbreak By Hasnita A Majid, Channel NewsAsia | Posted: 31 May 2008 1906 hrs SINGAPORE: Singapore was declared SARS-free five years ago. Learning from that episode, the country is now more prepared to face an infectious disease outbreak. Dr Dessmon Tai was in charge of the Intensive Care Unit [...]

Govt to roll out more initiatives to bring innovation to the marketplace By Imelda Saad, Channel NewsAsia | Posted: 31 May 2008 2117 hrs SINGAPORE: Expect more initiatives to be rolled out this year to help researchers in Singapore transfer their ideas from paper to marketplace. Finance Minister Tharman Shanmugaratnam hinted at this when he [...]

Stretch of CTE between Ang Mo Kio Ave 1 and 3 to be widened Posted: 30 May 2008 1843 hrs SINGAPORE : The Land Transport Authority (LTA) will be widening various stretches of the Central Expressway (CTE). This was announced by LTA when it gave details of the first stretch to be widened – the [...]

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. [...]