Private residential property sales up 63% on month in November
Sales of uncompleted private homes rebounded 63 per cent on month in November, after falling 70 per cent in October. Some 192 new units were sold in November. Data from the Urban Redevelopment Authority (URA) also shows that developers put out more units for sale. According to analysts, many developers had launched new projects in … Read more
Eng Kong completes sale of 43 Tech Park Crescent
Eng Kong Holdings Limited said on Monday that it has completed the sale of 43 Tech Park Crescent Singapore for S$14 million in cash. The sale was made by its wholly-owned subsidiary, Eng Kong Tech Park Pte Ltd. Source : Business Times – 15 Dec 2008
Banking and the art of mortgage lending
THE Monetary Authority of Singapore (MAS) has said recently in response to BT queries that it won’t intervene when it comes to repossession of a home if the mortgage is in default. To put the issue into context, BT posed the question following actions by regulators in the UK and US (which were agreed to … Read more
Laguna Park clears hurdle
APPROVAL for an enbloc sale by owners of Laguna Park apartments crossed the 80 per cent threshold on Friday, Channel News Asia reported yesterday. This allows the owners of the 30-year-old condominium to proceed to market the site, which has a total land area of about 667,000 sq ft. The asking price is $1.2 billion … Read more
Laguna Park crosses 80-per-cent threshold
THE market may have cooled, but en bloc fever is even higher than before at Laguna Park, as approval from owners at the 30-year-old condominium crossed the 80-per-cent threshold on Friday, allowing the en bloc sales process to proceed to the marketing stage. Now the residents are optimistic the prime location of the 528-unit property … Read more
Banyan to sell Seychelles land for US$13.3m
Banyan Tree Holdings Limited said on Monday that its 50 per cent joint venture company, Seychelles Tropical Resorts Holdings Limited, has agreed to sell a 68,830 sq m freehold parcel of land at Intendance, Mahe, Seychelles, for US$13.3 million. The deal is conditional on the buyer getting the Seychelles government’s consent to buy the property. … Read more
Parkway to cut staff, salaries
Singapore hospital and healthcare operator Parkway Holdings said on Monday it will cut salaries and lay off up to 4 per cent of its staff in a bid to rein in costs. ‘The group is not immune to the current global economic challenges,’ the firm said in a statement. Parkway, part-owned by Malaysian sovereign wealth … Read more
