Global commercial property sales halved: study
World sales of major commercial properties fell 49 per cent to US$306 billion in the first six months of 2008 from the same period last year, as sales in developed countries were hit hard by the credit crisis and slowing economies, a report released on Friday said. In the first half of 2008, Tokyo overtook … Read more
Challenges for property sector
New engines drive Singapore’s property market but pitfalls remain THE Singapore property market has weathered the storm from the US sub-prime crisis, soaring oil prices and overall inflation, pretty well. Runaway increases in property values in the high-end residential and prime office sectors seen in the past couple of years, for instance, have started to … Read more
All eyes on IRs now
Apart from a surge in tourism, jobs and tax receipts, Singapore’s two integrated resorts could bring in new investors, reports ARTHUR SIM WITH expectations of a big boost to the economy, more buzz and the promise of thousands of jobs, it is no wonder we are all a little anxious to see Singapore’s two integrated … Read more
No better time to be in Singapore
How well Singapore delivers on the ongoing iconic projects will influence its ability to attract more investments and events THE nation may be celebrating its 43rd birthday today, but for many Singaporeans, National Day came exceptionally early this year – nearly six months ago on February 21, to be exact. On that day, thousands thronged … Read more
Bumpy road, but Singapore has shock absorbers
PM Lee trims growth forecast to 4-5% but says Republic is holding its own Brace for a bumpy year ahead, said Prime Minister Lee Hsien Loong in his National Day Message issued yesterday. Yet, the latest economic figures he unveiled yesterday were not as bad as some had feared. Growth forecast for the full year … Read more
From exuberance to caution
In just 12 months, Singapore has swung from Boom Town to seeing its slowest quarter in five years, reports ANNA TEO ONE year ago, economic and business sentiment in Singapore was probably at an all-time high: The property market was on a roll, banks and finance houses went on a hiring spree, and the economy, … Read more
What makes S’pore one of the most resilient markets in region
ALMOST exactly 10 years ago in September/October 1998, the Singapore stock market suffered its worst-ever beating in the wake of a region-wide sell-off that subsequently entered the history books as the notorious Asian financial crisis. That crash, which took the Straits Times Index down to an all-time low of 800, capped several months of selling … Read more
7 Commonwealth Dr blocks marked for Sers
Owners can register for replacement flats around Q3 2009 THE Housing & Development Board (HDB) has identified seven blocks at Commonwealth Drive for its latest Selective En Bloc Redevelopment Scheme (Sers). The 10-storey blocks are 44 years old and comprise 669 sold flats. The flat owners will be offered replacement flats (up to 40 storeys … Read more
Hundreds of Commonwealth Drive households to get new flats
HUNDREDS of households in Commonwealth Drive will be offered new flats as part of the Housing Board’s latest redevelopment exercise. The 669 households in the 44-year-old precinct near Tanglin Halt can opt to move to a new site across the road when their current homes are ‘developed for residential use’ next year, the HDB announced … Read more
