Slide in property investment deals continues in Q3
Global financial instability, stock market volatility hit sentiment: CBRE PROPERTY investment sales continue to soften in Q3 2008 and global financial instability could keep investors out of the market, said a CB Richard Ellis (CBRE) report. According to latest figures from CBRE Research, property investment transactions in Q3 (up to Sept 18) reached $3.17 billion. … Read more
Sales of investment property stagnating
SALES of investment property are in the doldrums with the global financial mayhem and credit crisis slowing buying interest so far this quarter. Nearly all sectors have been ‘relatively quiet’ apart from the hospitality industry, which has ‘remained healthy’, said a CB Richard Ellis (CBRE) report yesterday. CBRE said a total of $3.17 billion worth … Read more
Sibor posts stunning jump before relief pours in
Central banks pump billions to ease borrowing costs; markets on a yo-yo LIKE A journey in the hills, stocks in Asia fell, rose and dipped again on a day when the world’s biggest central banks injected billions into banking systems in a desperate bid to unblock interbank markets and bring down borrowing costs. The move … Read more
New CPF rule for home sellers aged 55 and above
It will address shortfalls in their Minimum Sum to build up retirement funds A LITTLE-KNOWN rule change will kick in next year regarding how much money property owners must return to their Central Provident Fund (CPF) accounts when they sell their homes. The new rule, which will address shortfalls in an individual’s Minimum Sum, is … Read more
A new night glow
23 buildings in Marina Bay, CBD submit lighting proposals to the Govt A NEW city skyline will arise over the next couple of years when 23 buildings turn on the lights at night. Maybank, The Sail condo and the Marina Bay Sands integrated resort are among the buildings that have sent lighting proposals to the … Read more
Skyline to be all lit up
STB, URA and building owners making plans for special lighting WITH the world’s first Formula 1 night race to be beamed to350 million fans globally, Singapore authorities are pulling out the stops to ensure the downtown skyline forms a blazing backdrop. The reason why that will be a challenge: The race circuit’s 1,500 light projectors, … Read more
Fun stay at SIM hostel
Tennis, futsal, yoga, dance and space for visiting parents too IT MAY not be publicly funded, but the Singapore Institute of Management (SIM) is shaping up to offer some students a varsity experience not unlike that of the three local universities. Hostel living will now become part of the SIM education, after the tertiary institution … Read more
Khoo Teck Puat Hospital opening in 2010 at 40% higher cost
The new Khoo Teck Puat Hospital in Yishun is on track for opening in 2010 despite a hike in construction costs, says its CEO Liak Teng Lit. Commenting on the progress, Mr Liak said the structure of the hospital will be completed by the middle of 2009. Mr Liak said, “The lift shaft has reached … Read more
S’pore hosts first private aviation show for wealthy visitors
Singapore’s first private aviation show at Seletar Airport, which will be held next week, is targeted at ultra high net worth individuals, with over US$30 million in liquid assets. 200 tycoons and business leaders mostly from Indonesia, Malaysia and Singapore will be in town for the MillionaireAsia Private Aviation Show and the Formula One Grand … Read more
