Prime buys are the best bet
Cushman and Wakefiled’s Donald Han offers his views on the property market in the Channel NewsAsia programme, When The Bears Are Out – Invest Wise, hosted by Lin Xueling. What are your favourite locations at the moment? And for which categories? It all depends on your investment profile and investment criteria. I always say that … Read more
The bets are on U: Economists
Events such as the Grand Prix are new growth drivers to help cushion the slowdown: Analysts THE Singapore economy is in for at least a year-long slowdown, but there will still be growth, according to most economists surveyed by Today. This is the U-shaped scenario painted by Prime Minister Lee Hsien Loong during his May … Read more
Experts divided over whether good times are back
Is the global financial crisis really over? Many in the financial industry seem to think so. On Thursday, Britain’s central bank suggested that the credit crisis was easing, saying the market has been overly pessimistic in valuing certain assets which now even look like bargains. But a number of economists continue to caution that much … Read more
CapitaLand CEO sits on paper gain of $2.86m from options
CAPITALAND Group president and CEO Liew Mun Leong is sitting on a handsome paper gain of $2.86 million (based on yesterday’s closing price for the counter) after exercising options for a total of 600,000 CapitaLand shares at an average $2.33 per share on April 30. The counter closed 30 cents higher yesterday at $7.09. A … Read more
That condo is moving out of reach
THERE have been several episodes of residential property price escalations in Singapore that may have overshot income levels. But just how do we determine if private property prices have become more or less affordable? We have developed a housing affordability index that might add an additional indicator to help answer policy questions on housing affordability. … Read more
3M opening US$200m film coating plant in S’pore
65,000 sq m plant will be 3M’s most advanced outside the United States TECHNOLOGY-BASED company 3M has pumped in some US$200 million to set up a manufacturing plant in Singapore that will produce coatings for film-based products used in commercial, electronic and automotive applications. These products include films that are coated onto car windows and … Read more
3M to open $274m plant in Tuas
It will expand ops in Singapore, which it envisions as its regional superhub United States technology conglomerate 3M, best known for innovative products such as Post-it note pads, is expanding operations in Singapore with a new US$200 million (S$274.2 million) plant in Tuas. The factory will employ 250 workers initially to make thin film … Read more
Myanmar nationals: Most live in the west
MYANMAR nationals seem to congregate in the western part of Singapore, going by the number of shops catering to them which have sprung up there. At least seven of them, mainly provision shops and mini-marts, have surfaced in Clementi, Boon Lay and Jurong East over the past two years. On sale are Myanmar fare such … Read more
Myanmar community here gets bigger
MYANMAR nationals are making their presence felt here, not just in their red T-shirts joining the queue outside their embassy to vote on their country’s new Constitution, but in other sectors of Singapore too. The Myanmar Embassy, in St Martin’s Drive, estimates that there are 100,000 of its nationals living here, up from 60,000 at … Read more
Missing owners’ condo unit sold for $1.6m
AN UNUSUAL auction of an apartment at King’s Mansion off Tanjong Katong Road has attracted strong bidding – driving up the sale price to $1.59 million, well above expectations. The condominium’s management corporation had taken the rare step of selling the three-bedroom property after the owners had disappeared for more than a decade. The … Read more
