CBRE sets up real estate finance advisory services
CB Richard Ellis has launched a real estate finance advisory service in Asia, headquartered in Singapore, CBRE Singapore managing director Pauline Goh told BT in a recent interview. The business, headed by former Societe Generale investment analyst Alan Dalgleish, will be particularly valuable for clients during the current global credit crunch, when many Asian developers … Read more
Developing best qualities in a downturn
‘IT IS during hard times that the best qualities are developed – including perseverance, diligence, professionalism and the ability to think out of the box,’ says CB Richard Ellis Singapore managing director Pauline Goh. Thus she instils courage into her younger staff, telling them not to be afraid of a downturn. ‘Under the current climate, … Read more
Best Asia-Pac property bets
TOKYO, Singapore and Hong Kong have emerged tops in the Asia-Pacific in a recent ranking of cities with the best property investment prospects for 2009. They were placed first, second and third respectively as investors shifted their attention from emerging cities to mature markets, the survey by America’s Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) … Read more
Still healthy demand for construction personnel
THE surge in local construction projects in these two years has catapulted the sector ahead of many others. In 2007, construction demand rose to $24.5 billion, up sharply from $16.8 billion in 2006. This year, it is expected to soar to $30 billion. Against the generally bleak backdrop, construction personnel across professional, technical, supervisory and … Read more
Wanted: More S’poreans in the construction industry
MORE Singaporeans are being encouraged to join the construction industry to help ease the shortage of tradesmen and foremen. The move is also aimed at reducing our reliance on foreign workers who currently fill the bulk of entry-level positions in Singapore. To woo local workers, the Government will help defray the costs of training by … Read more
Don’t buy, don’t sell
Sit tight and wait for recession dust to settle, say financial and real estate experts in a survey PROPERTY investors here might feel like cutting and running but the best advice is to sit tight and hold on, according to a PricewaterhouseCoopers (PwC) report. The report, now in its third year, asked about 180 experts … Read more
URA plan draws strong interest
THE Master Plan 2008 – an ambitious blueprint setting out Singapore’s physical development for the next 10 to 15 years – has attracted plenty of attention from the public. Its exhibition received more than 200,000 visitors over the past six months, and about 300 submissions have been made – 80 per cent of them online … Read more
Dubai speculators quit amid loan drought
THE classified ads in Dubai now read like an obituary for a real estate market that until a few months ago seemed immune to the global credit crisis. A Turkish investor, who identified himself as Sebat, took out 10 bright yellow ads in the Nov 25 edition of Gulf News, the United Arab Emirates’ (UAE) … Read more
