Sentosa to review transport links in time for IR
New chief also plans to create fresh masterplan and ensure smooth opening for attractions THE new chief of Sentosa said the resort island is evaluating its transport network to make sure it can handle the hordes of visitors expected to accompany the opening of its integrated resort (IR) in 2010. Mr Mike Barclay said the … Read more
Top-tier London homes still hot; wider market cools
LONDON’S housing market may be cooling, but not when it comes to 10-bedroom mansions with designer interiors, indoor swimming pools and private gardens in the capital’s most sought-after neighbourhoods. Demand for these homes – known as the ‘super-prime’ or even ‘uber-prime’ slice of the market and typically priced upwards of £20 million (S$50.7 million) – … Read more
US to take control of mortgage giants: reports
The US government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation’s history. The two government sponsored enterprises (GSEs) own or guarantee almost half of the … Read more
Maybank launches two home-loan promotions
Maybank Singapore has launched two home-loan promotions, including a variable-rate loan that charges just 1.68 per cent interest in the first year. The interest payable on the three-year variable-rate mortgage rises to 2.48 per cent in the second year and 2.88 per cent in the third year, before adjusting to the bank’s full board rate … Read more
Future returns from green moves today
CDL’s eco-friendly practices have not only won the developer most Green Mark Awards but also raised its public profile As the call for environmental protection resonates around the world, property developers in Singapore have not missed the message and have begun riding the green wave. Ninety-five Green Mark Awards were given out to environment-friendly buildings … Read more
Key shareholder not taking up Oei’s offer
Aizawa has in fact been raising Japan Land stake since bid was launched Japanese investment banking and securities firm Aizawa Securities may well turn out to be a force to reckon with for tycoon Oei Hong Leong in his bid for Japan Land. Aizawa, which owns 22 per cent of Japan Land, has indicated its … Read more
Outlook bleak for global economy: Forum
US growth to remain stagnant while China’s is not sustainable, say seminar speakers GLOOM was the order of the day at the annual CapitaLand International Forum yesterday. Most of the invited speakers – ranging from Goldman Sachs managing director Michael Buchanan to Ms Gail Fosler, president of United States research organisation Conference Board – shared … Read more
Power, pride and prejudice
LAST year Singaporeans objected to the dead being sited near them when people in Sin Ming estate protested against the building of a funeral parlour there. This month they are objecting to the living. Serangoon Gardens residents are up in arms about foreign workers being housed in a vacant school building within the estate. You … Read more
Mortgage rates still at rock bottom
HOMEBUYERS and sellers, hit by the recent market malaise, have at least one comforting constant in a market plagued by uncertainty – low interest rates. Despite various economic woes – inflation, volatile oil prices, slowing economic growth – Singapore’s banks are continuing to offer rock-bottom mortgages. The latest to reaffirm Singapore’s low interest rate home … Read more
