Singapore Property and Real Estate News Portal

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 [...]

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 [...]

US stocks mark time amid easing oil, firming dollar Posted: 31 May 2008 0544 hrs NEW YORK – US stocks marked time Friday after three days of gains amid easing oil prices, a firming dollar and consumer spending and income figures in line with expectations. The Dow Jones Industrial Average fell 7.90 points (0.06 percent) [...]

Oil prices slide after US energy report Posted: 30 May 2008 0414 hrs NEW YORK: Oil prices fell sharply in volatile trade on Thursday as traders reacted to a weekly US energy report that revealed a slump in crude oil inventories. Prices had initially jumped higher in the wake of the report’s release, but values [...]

US dollar gains on US growth data, easing oil prices Posted: 30 May 2008 0612 hrs NEW YORK: The US dollar strengthened on Thursday after US growth figures were revised higher, suggesting underlying strength in the economy despite the ravages of the sub-prime mortgage crisis. Dealers said the dollar got a boost after first-quarter US [...]

US consumer confidence falls to 28-year low in May Posted: 30 May 2008 2237 hrs NEW YORK : A survey on Friday showed that US consumer confidence fell for the fourth straight month to a 28-year low in May, amid expectations of surging inflation. The Reuters/University of Michigan Surveys of Consumers said the index of [...]

US income, spending up 0.2% in April Posted: 30 May 2008 2239 hrs WASHINGTON : US consumer spending and incomes both rose 0.2 percent in April, data showed Friday, suggesting sluggish growth in the world’s biggest economy is continuing. The report, in line with analyst forecasts, indicated a slowdown from March when spending rose 0.4 [...]

Indian economy surprises with 9.0% growth but slowdown looms Posted: 30 May 2008 2252 hrs NEW DELHI : India’s economy grew nine percent in the last fiscal year, second only to China among big economies, but the better than expected figure was overshadowed by a surge in inflation, data showed Friday. Growth to March 2008 [...]

Industry watchers say tech sector to face grim third quarter By Rachel Kelly, Channel NewsAsia | Posted: 30 May 2008 2247 hrs SINGAPORE: Exports to the US have taken a hit amid the ongoing sub-prime mortgage crisis in the US. And the tech sector, in particular, has been seeing sluggish sales. But analysts said that [...]

World oil prices rebound Posted: 29 May 2008 0440 hrs NEW YORK: World oil prices rebounded to around 131 dollars per barrel on Wednesday, reversing earlier losses in volatile trade amid lingering worries about stretched energy supplies, analysts said. Prices gained as British Prime Minister Gordon Brown warned the world was facing a “great oil [...]