Door shuts on flat applicant of ‘Other’ race

Door shuts on flat applicant of ‘Other’ race
 
I FORMALLY made Singapore my adopted home and took up citizenship in 2006. I believe that my family and I will make many contributions. We are currently posted overseas and look forward to returning home in March.
 
Like all Singaporeans, we spent a considerable amount of time and [...]

Corrupt land sale: Recovered $1.1m back with Taoist group

Corrupt land sale: Recovered $1.1m back with Taoist group
 
Money placed in the care of Taoist Federation as a charity fund
 
By Yen Feng
 
A 15-YEAR-OLD saga of a corrupt land sale that sent three Taoist devotees to prison and bankrupted one family has come to a close.
 
Yesterday, in a room above the watchful gods of [...]

Office rents lift MMP Reit’s income

Office rents lift MMP Reit’s income
 
By Joyce Teo
 
MACQUARIE Meag Prime real estate investment trust (MMP Reit) yesterday reported a distributable income per unit of 1.68 cents for the fourth quarter, up 14.3 per cent from a year earlier.
 
This took its full-year distributable income per unit to 6.19 cents, up from 5.79 cents the [...]

Heading to town? Choices galore for those in north

Heading to town? Choices galore for those in north
 
Fully open KPE, new expressway, Thomson rail line will cut travelling time to city
 
By Maria Almenoar and Amy Tan
 
MOTORIST Shiva Bhaskaran pays between $4 and $5 in Electronic Road Pricing (ERP) charges daily to get to work.
 
The 49-year-old information technology director passes under two gantries [...]

Valuation wrong, so Strata board rejects sale of Regent Garden

Valuation wrong, so Strata board rejects sale of Regent Garden
 
In an unusual case, it says $34m price agreed on by owners and developer is well below market value
 
By Joyce Teo
 
AN UNUSUAL battle over the en bloc sale of Regent Garden intensified yesterday when the Strata Titles Board (STB) threw out the sale - ruling [...]

IMF: It is a global slowdown

IMF: It is a global slowdown
 
World growth expected to hit 5-year low over US fallout
 
Thursday • January 31, 2008
 
THE International Monetary Fund (IMF) cut its 2008 forecast for world growth, warning that the global economy will deliver the weakest performance in five years as United States-originated financial strains intensify.
 
The IMF said no country will entirely [...]

Property players hold back

Property players hold back
 
Companies wary of acquisitions amid market uncertainty
 
Thursday • January 31, 2008
 
Esther Fung
esther@…
 
EVEN as property prices come off their peaks, sector participants are keeping cautious, with Macquarie MEAG Prime Reit’s manager becoming the latest to say it will hold off making acquisitions for now.
 
The uncertain mood brought on by turbulence and volatility in [...]

Regent off the hook for now

Regent off the hook for now
 
STB stops Allgreen’s purchase of condo for lack of ‘good faith’
 
Thursday • January 31, 2008
 
Tan Hui Leng
huileng@…
 
AN APPLICATION for the en bloc sale of Regent Garden has been dismissed by the Strata Titles Board (STB) — much to the delight of the majority owners.
 
A group of 25 owners at the [...]

State properties for office use see healthy take-up

State properties for office use see healthy take-up
 
SLA to release more sites this quarter to further ease office space crunch
 
By ARTHUR SIM
 
(SINGAPORE) Offices in state-owned properties seem to be catching on. After a quick turnaround time of about six months and about $2 million spent, Phillip Securities has opened its new Phillip [...]

Mortgage crisis creates ghost town

Mortgage crisis creates ghost town
 
US neighbourhood’s dream becomes nightmare as lending disaster stirs the perfect storm
 
CLEVELAND (OHIO) - THE streets are empty. Trash rustles down the road past rusted barbecues, abandoned furniture, sagging homes and gardens turned to weed.
 
This is Mount Pleasant, a neighbourhood in south-eastern Cleveland ravaged by the sub-prime mortgage crisis roiling [...]