MacarthurCook Reit to fight any hostile bid
Trust now keen on buying two Asian properties, not 10 THE manager of Singapore-listed MacarthurCook Industrial Reit, a subject of takeover speculation, said yesterday that it will fight any hostile bid to acquire the trust. ‘I can guarantee you that it will be contested. We certainly won’t let somebody just walk in the door and … Read more
House buyer cheated of S$5,000 deposit
A house buyer was cheated of S$5,000 when she was buying a five-room resale flat in Woodlands. Wong Git Siow said: “Since I was already buying the house, and… she (the flat owner) said she did not have enough money for the New Year, I did not mind giving her the $5,000 deposit.” Ms Wong … Read more
Mumbai land sales signal prices may fall
Likely slump as city fails to draw bids for first time in 13 years: Credit Suisse India’s developers will begin to lower prices after commercial capital Mumbai failed to attract bids at a land auction for the first time in 13 years, signalling a dip in property demand, Credit Suisse said. Mumbai’s metropolitan authority received … Read more
Housing boom still alive in some places in US
There are exclusive, desirable pockets with scarce land and robust demand Even in the worst storms, there are pockets of calm, and the housing crisis gripping the US is no different. While prices are falling and owners are losing their homes to foreclosure around the country, places like Ross, a wealthy, woodsy town 28 km … Read more
Mortgage applications index slides by 2.9% last week
Mortgage applications in the US decreased for the fifth time in the last six weeks, led by a slump in refinancing. The Mortgage Bankers Association’s index of applications to buy a home or refinance a loan fell 2.9 per cent last week to 652, the lowest level of the year, from 671.1 a week earlier. … Read more
Mortgage rates: Banks fail to follow Fed lead
While discount rate’s sharply down, 30-yr fixed rate is roughly same as a year ago The US Federal Reserve has been slashing short-term interest rates since August last year with precious little effect on the one that matters most to homeowners and home buyers: the 30-year fixed rate. That rate is roughly where it was … Read more
Mortgage rates: Banks fail to follow Fed lead
While discount rate’s sharply down, 30-yr fixed rate is roughly same as a year ago The US Federal Reserve has been slashing short-term interest rates since August last year with precious little effect on the one that matters most to homeowners and home buyers: the 30-year fixed rate. That rate is roughly where it was … Read more
1st Software plans $175m acquisition of property firm
It will issue new shares to acquire Teambuild in reverse takeover deal. IN a bid to retain its listing status, 1st Software is acquiring a construction and property development firm for $175 million in a reverse takeover deal. 1st Software entered into an agreement with Teambuild Corporation yesterday to acquire it through the issue of … Read more
CapitaLand is ahead of curve
Increasing presence in emerging markets makes CapitaLand a good bet for investors. With Singapore’s property market cooling, analysts are looking at developers which have bought substantially into other promising places. To many, CapitaLand could be a good bet for investors. Analysts say the company’s diversified business portfolio and increasing presence in emerging markets, including Vietnam … Read more
Cheung Kong pips Far East in URA tender
It offers $305psf ppr for West Coast condo plot next to Blue Horizon. Cheung Kong Holdings-linked Billion Rise yesterday pipped Far East Organization to emerge as top bidder for a 99-year leasehold condo site facing West Coast Park and overlooking the sea. Billion Rise’s bid of $110.44 million or $305 per square foot per plot … Read more
