Singapore property still an investment choice
DESPITE an uncertain economic outlook, Singapore property is still being viewed as an attractive investment option, according to a survey by the iProperty.com Group, a network of property portals. Some of the factors contributing to this sentiment include the potential profit from capital appreciation and the potential rental income. The survey studied the buying habits … Read more
SM Goh says challenge for Tianjin Eco-City is to attract investors
With initial progress underway at the China-Singapore Tianjin Eco-City project, Singapore Senior Minister Goh Chok Tong says what needs to be done is for policy measures to be either tweaked or put in place. While saying that Singapore had chosen the right site for the bilateral flagship project, Mr Goh acknowledged that the challenge right … Read more
Brisbane Devt to release 2nd phase of Illoura
Freehold project has 30 detached, semi- detached houses AUSTRALIAN property company Brisbane Development is all set to release the second phase of Illoura, its strata landed project in the Holland Road area, after the first 15 units in the development were sold at prices exceeding $5 million apiece. Luxurious: It comprises two parallel developments overlooking … Read more
CapitaLand defers Australand JV
Group puts industrial/logistics tie-up on hold amid refocus on existing core businesses CapitaLand is putting on hold its tie-up with subsidiary Australand to set up a pan-Asian development platform in the industrial/logistics business. This comes as it refocuses on its existing core businesses. CapitaLand group president and CEO Liew Mun Leong told BT in a … Read more
Short-term rates leap to about 2%
SHORT-TERM interest rates here jumped again yesterday, sending it higher than the US Fed Fund rate of 2 per cent and causing the Monetary Authority of Singapore to inject money into the system. Underlining the seriousness of the situation, the MAS in a rare statement confirmed that it had intervened in the interbank market. ‘A … Read more
Interbank rate spikes to 2.23%
THE turbulence in global financial markets hit home yesterday when the three-month Singapore Interbank Offered Rate (Sibor) shot up to 2.23 per cent from 1.76 per cent on Thursday. The Sibor is the level at which banks lend to one another and it has a direct link to how much the rest of us pay … Read more
$645K HDB’s priciest flats go on sale
Pinnacle@Duxton units are among 992 released for sale yesterday FOR sale: the most expensive flats ever released by the HDB. They are the remaining 111 five-room units at the iconic 50-storey Pinnacle@Duxton in Tanjong Pagar, which is due to be completed this year. The seven blocks of Pinnacle@Duxton dominates the Tanjong Pagar skylin. Forty-four units … Read more
One-North: No rental restrictions on venue
I REFER to Mr Lester Lam’s letter on Tuesday, ‘Concern over use of building’. He had also earlier shared his concerns with us last Wednesday over a ‘church’ being built in One-North. We assure him once again that we appreciate his concerns. As we had informed Mr Lam earlier, the Civic, Cultural and Retail Complex … Read more
Pinnacle flats on offer
FOR those waiting to snap up a public flat in the iconic 50-storey integrated housing development, the good news: Some 428 four- and five-room units at The Pinnacle@Duxton are among 992 available under the Housing and Development Board’s (HDB) latest balloting exercise launched on Friday. The much-hyped flats in the Cantonment Road area are among … Read more
