Govt will not implement measures to stimulate property sector

Govt will not implement measures to stimulate property sector
 
SINGAPORE : The Singapore government will not introduce measures to stimulate demand or prop up prices artificially in the property sector.
 
Speaking at an industry event on Wednesday, National Development Minister Mah Bow Tan said such efforts are not sustainable. However, the government will study suggestions by [...]

Singapore cuts GDP forecast, says economy could contract in 2009

Singapore cuts GDP forecast, says economy could contract in 2009
 
SINGAPORE: Singapore on Friday further downgraded its growth forecast for this year and said the economy could contract in 2009, after weaker than expected third-quarter GDP figures.
 
Next year, the city-state expects its GDP to range between a contraction of 1.0 per cent and growth of [...]

Singapore’s economy could shrink by as much as 1% in 2009

Singapore’s economy could shrink by as much as 1% in 2009
 
Singapore’s economy could shrink by as much as 1 percent next year, the first full year contraction since 2001.
 
Giving its forecast today, the Ministry of Trade and Industry, or M-T-I, says next year’s economic performance will likely come in between minus 1 and plus 2 [...]

Experts hope for stimulus package for property market in Budget

Experts hope for stimulus package for property market in Budget
 
SINGAPORE : Property watchers and players in Singapore are increasingly hoping for some help from the government to boost the sluggish residential sector.
 
New private home sales this year look set to hit their lowest levels since the 1997 Asian financial cisis. And the outlook is [...]

As buildings go up, so does the noise:

As buildings go up, so does the noise:
 
Despite tighter rules and fines, more Singaporeans are complaining aboutdin from work sites
 
THERE has been a steady increase in the number of complaints on noise from construction sites.
 
In the first 10 months of the year, the National Environment Agency (NEA) received 11,327 complaints.
 
Last year, [...]

Retail rents under pressure

Retail rents under pressure
 
Landlords and their retail tenants are seeking the same present from Santa as Christmas approaches — a return to the good times.
 
The shop tenants are worried that there will be a dip in consumer spending as a result of the economic downturn. Meanwhile they are still paying top dollar for [...]

URA opens two sites for tender

URA opens two sites for tender
 
AS THE slump in demand for state land continues, the Urban Redevelopment Authority (URA) opened applications yesterday for two sites on the reserve list.
 
Prior to yesterday, only one out of the 20 sites on this year’s reserve list — on which sites have to receive an acceptable bid [...]

Private homes sales last month hit a low

Private homes sales last month hit a low
 
YOU might have noticed that there are fewer ads for home launches.
 
Perhaps you have also overheard that some condominiums in a prime area just went for a price you could only dream of a year back.
 
Yesterday, official data bore out the coffee-shop talk that has [...]

Launches of private homes in October drops almost 80% on-month

Launches of private homes in October drops almost 80% on-month
 
SINGAPORE: Only 159 private homes were launched in October this year – the lowest in more than a year.
 
The slide of almost 80 per cent from the 767 units launched in September was due to poor economic conditions, and the technical recession that has hit [...]

New home sales in Singapore fell 70% in October

New home sales in Singapore fell 70% in October
 
New home sales in Singapore slumped 70 percent in October compared to September as home buying sentiment continued to moderate.
 
According to URA data, developers sold 112 new and uncompleted private residential homes last month, versus the 380 units sold in September.
 
They launched 159 units for sale, [...]