Sim Siang Choon to acquire Chase Perdana for S$5m

Sim Siang Choon to acquire Chase Perdana for S$5m
 
SINGAPORE: Household fixtures company, Sim Siang Choon, is buying Malaysia-based construction firm, Chase Perdana, for S$5 million.
 
This comes shortly after the company announced in a filing to the Singapore Exchange that it was restructuring to enter the construction industry, which would complement its existing business.
 
It [...]

Private home prices up 0.2% in Q2, slower than earlier estimate

Private home prices up 0.2% in Q2, slower than earlier estimate
 
SINGAPORE: Prices of private homes in Singapore grew at a slower pace in the second quarter than initially projected – climbing at just 0.2 per cent against an earlier estimate of 0.4 per cent.
 
This is a far cry from the 3.7 per cent growth [...]

Gardens by the Bay construction will not be deferred

Gardens by the Bay construction will not be deferred
 
SINGAPORE: Singapore’s Gardens by the Bay project is on track for completion by the end of 2010.
 
National Development Minister Mah Bow Tan said the project is unaffected by the government’s recent decision to defer S$1.7 billion worth of public-sector building projects – a move meant to [...]

Public housing hots up while private cools

Public housing hots up while private cools
 
SINGAPORE : Prices for public housing on the resale market have risen, while those for private property have moderated for the second quarter of 2008.
 
According to latest official figures, there has also been little upward movement in the private property rental market.
 
Data for the HDB resale and [...]

Slow demand for office space hits rents

Slow demand for office space hits rents
 
SINGAPORE’S booming office market is facing a drop in demand and a slowdown in rents that have left many wondering: What happens next, when a host of new developments are launched?
 
Tight supply and high demand, mostly from financial institutions, made Singapore the ninth most expensive office market [...]

Swiss dreams coming true

Swiss dreams coming true
 
$1.17 trillion of assets now managed in Singapore
 
SINGAPORE’S bid to become a Switzerland for Asia’s wealthy appears right on track — going by the findings of the Monetary Authority of Singapore’s (MAS) latest asset management survey.
 
Compared to 2006, the total assets managed by Singapore-based managers last year grew by [...]