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 [...]

TIME TO RAISE $8,000 CEILING?

The Electric New Paper :
 
More families exceed income limit set 14 years ago. Households earning $8,000 or more a month
 
TIME TO RAISE $8,000 CEILING?
 
If your household earns more than $8,000 a month, it’s…
 
·  No new HDB flats
 
·  No subsidised housing loans
 
·  No maximum $40,000 grant to buy resale flats
 
IT’S been 14 years [...]

Condominium housing site at Yishun Ave 1and 2 up for sale

Condominium housing site at Yishun Ave 1and 2 up for sale
By Loh Kim Chin, Channel NewsAsia | Posted: 29 January 2008 2237 hrs
 
SINGAPORE : A 27,000 square metre site at Yishun Avenue 1/Avenue 2 has been offered for sale under the confirmed list of the government land sales programme.
 
The 99-year leasehold site by [...]

‘Sharp slowdown in US economy likely’

‘Sharp slowdown in US economy likely’
 
Monday • January 28, 2008
 
Mr Vasu Menon, chief editor of Finatiq and editor of Securities Investors Association Singapore (Sias) E-Newsletter and Publications, commented on the market turmoil on the recent Sias Heart Talk programme.
 
ON THE SUB-PRIME CRISIS
 
“Markets will continue to be worried about a US recession, so, investors will be [...]

Seafront living at Woodlands

Seafront living at Woodlands
 
Monday • January 28, 2008
 
— Channel NewsAsia
 
Come 2010, Woodlands residents can enjoy seafront recreational amenities right at their doorsteps.
 
The Urban Redevelopment Authority (URA) has unveiled a $19-million design plan to build a coastal promenade and park in their neighbourhood.
 
Woodlands will certainly live up to its name with URA’s “Woodlands Waterfront” [...]

WE’RE DOWN BUT NOT OUT

WE’RE DOWN BUT NOT OUT
 
EVEN during his retirement, he is making quite a substantial amount of money by dabbling in property. At one stage last year, Richard, a retired businessman in his 60s, owned seven posh condominium units in prime districts.
 
By Joyce Lim
 
 
28 January 2008
 
EVEN during his retirement, he is making quite a substantial amount [...]

PROPERTY’S STILL HOT IN S’PORE

REAL ESTATE VETERAN SAYS OF COOLING MARKET:
 
PROPERTY’S STILL HOT IN S’PORE
 
Her view: Upgraders and enbloc sales will keep demand up
 
WHILE most people her age would be blissfully retired, Madam Marlena Chong, a 70-year-old grandmother, is still working, aggressively.
 
By Elysa Chen
 
 
28 January 2008
 
WHILE most people her age would be blissfully retired, Madam Marlena Chong, a 70-year-old [...]

Hsien Yang’s in-laws buy F&N-developed condo

Hsien Yang’s in-laws buy F&N-developed condo
 
Weekend • January 26, 2008
 
Fraser and Neave (F&N) has sold a unit of its Soleil @ Sinaran residential development for $2.66 million to the relatives of its chairman Lee Hsien Yang (picture).
 
Mrs Lim Chong Yah, who is Mr Lee’s mother-in-law, and Ms Lin Xueling, his sister-in-law, bought the unit, located [...]