Beachfront condo in Australia from A$1,100 psf

Beachfront condo in Australia from A$1,100 psf
 
A BEACHFRONT home on the Western Australian coast, just a 15-minute drive from Perth, can be yours at prices starting at around A$1.5 million (S$2 million) to A$1.6 million for the smallest units.
 
This works out to be between A$1,100 and A$1,200 per square foot (psf).
 
Called The Leighton, the 45-unit [...]

Aussie mortgage arrears rise to record-high in May

Aussie mortgage arrears rise to record-high in May
Late repayments on prime loans increase for sixth consecutive month
 
(MELBOURNE) Australia’s mortgage arrears rate rose to a record in May as home owners struggle to meet loan repayments which have surged with the highest interest rates in 12 years, according to Standard & Poor’s.
 
Payments more than 30 days [...]

Ascendas India Trust Q1 distributable income up 12%

Ascendas India Trust Q1 distributable income up 12%
 
ASCENDAS India Trust has reported distributable income of $12.4 million for its first quarter ended June 30, 2008, up 12 per cent from a year ago.
 
This translates into a distribution per unit (DPU) of 1.65 cents for the quarter, which represented an annualised yield of 8.3 per cent [...]

ART Q2 distributable income climbs 9.6%

ART Q2 distributable income climbs 9.6%
Trust cites organic growth, acquisitions for better results      
 
ASCOTT Residence Trust (ART) said yesterday its second-quarter distributable income climbed 9.6 per cent to $13.3 million, from $12.1 million a year ago.
 
Distribution per unit was 2.19 cents, an increase of 9 per cent from 2.01 cents in Q2 last year.
 
The trust [...]

FCT distributable income rises 19% in Q3

FCT distributable income rises 19% in Q3
Gross revenue up 10% to $20.8m; DPU rises to 1.88 cents
 
FRASERS Centrepoint Trust (FCT) yesterday reported distributable income of $12.2 million for the third quarter ended June 30, 2008 - an increase of 19 per cent from the year-ago period.
 
This came on the back of a 10 per cent [...]

US lawmakers agree on housing rescue package

US lawmakers agree on housing rescue package 
Plan to help home owners and prop up Freddie, Fannie could cost US$25b
 
WASHINGTON - UNITED States lawmakers have hammered out a compromise deal on a major housing rescue package that will permit the government to help struggling home owners get new and cheaper loans. It will also help [...]

Economy, rent hikes boost CCT’s results

Economy, rent hikes boost CCT’s results
 
THE robust economy - and the rent increases it delivered - allowed CapitaCommercial Trust (CCT) to deliver a bumper result yesterday and bask in a rising share price.
Distributable income for the June quarter shot up 23.2 per cent from a year ago to $36.1 million. Investors will benefit from a [...]

Newton Suites shortlisted for International Highrise Award

Newton Suites shortlisted for International Highrise Award
 
By ARTHUR SIM
 
UOL’s Newton Suites has been selected as one of the five contenders for the International Highrise Award (IHA).
 
Having made the shortlist, Newton Suites, which is designed by award-winning Singapore architectural firm, WOHA, has been elevated to the same league of buildings designed by Foster and [...]

S’pore is 13th most expensive city

S’pore is 13th most expensive city
 
It is also the 5th costliest in Asia for expats: Mercer survey
 
By ARTHUR SIM
 
SINGAPORE is the world’s 13th most expensive city for expatriates, and the fifth most expensive in Asia.
 
According to Mercer’s Worldwide Cost of Living Survey 2008, Singapore ranks above Sydney (15th), New York (22nd) and [...]

En bloc site relaunched with 40% lower price tag

En bloc site relaunched with 40% lower price tag
 
Elsewhere, Straits Trading asking $162m for Gallop Gables apartments
 
By UMA SHANKARI
 
A DISTRICT 10 collective sale site at Robin Drive, off Bukit Timah Road, has been relaunched for sale - with a new asking price as much as 40 per cent lower in view of [...]