Straight-talker Dr Tony Tan has never been afraid to air contrarian views on the country's economy CRYSTAL ball-gazing is a risky business. Miss the mark and it's egg on your face. Hit the bullseye and acclaim follows. Of course, whether there is a reaction at all can depend on who you are and whether people even remember what you'd said. With Dr Tony Tan Keng Yam, people remember. They will recall the...
General
Prices of private residential properties increased by 3.7% in the first quarter of this year from the last quarter of 2007. Analysts said this could be due to the price discounts offered by developers for some units in the suburban areas. Dr Chua Yang Liang, Head of Research & Consultancy, Jones Lang LaSalle, said: "Here and there there are some anecdotal evidence of them giving some kind of rebates....
Prices of HDB resale flats rose by 3.7 percent in the first three months of this year over the previous quarter. The rise in the Resale Price Index (RPI) was lower than the 5.7 percent increase in the fourth quarter of last year. Resale transactions fell by about 6 percent, from 6,750 cases in Q4 2007 to about 6,360 in Q1 2008. The median Cash-Over-Valuation (COV) amount among all resale transactions in...
The Urban Redevelopment Authority (URA) has rejected the highest bid for the residential site at Choa Chu Kang Road/Woodlands Road. In a press release out on Friday, the URA said the price offered was too low. The top bid came in at S$61 million, which works out to about S$1,750 per square metre of gross floor area. There was only one other offer at S$45.6 million. The land parcel - offered on a 99-year...
A luxury villa with lavish recreational facilities and private security. A spacious landed home featuring a personal basement and attic. A prestigious District 11 address. Step inside Hillcrest Villa and be magically taken to a tropical wonderland. Enjoy the sights of charming greenery and timber décor while you relax on the Timber Promenade, or find some inner peace at the Meditation Deck. Stroll...
Dr Tony Tan, the deputy chairman of the Government of Singapore Investment Corporation (GIC), has clarified that recent comments made on the world facing its worst recession in 30 years is just one of three scenarios GIC is contemplating. It is not the GIC's forecast for the global economy. The other two are an optimistic scenario where there is a recession in the US or globally, with an end to the...
The tender for the transitional office site at Scotts Road/Anthony Road has attracted strong bids. There were a total of eight bids at the close of the tender on Thursday. UOB Kay Hian put in the highest offer at S$34 milllon, 16 per cent higher than the second bid. The bid works out to more than S$242 per square foot per plot ratio. The almost 8,700-square-metre site is offered on a short-term lease of...
Mapletree Logistics Trust has booked a distributable income of S$21 million for the first quarter, up 37 percent compared to a year ago. Mapletree Logistics will distribute 1.90 Singapore cents per unit for the first quarter, up from 1.48 Singapore cents a year earlier. Net property income rose 45 percent on-year to S$37.4 million, while gross revenue shot up by 48 percent on-year to S$42.6...
CapitaLand has acquired a prime 30-acre site to build its first IT park and a grade-A office complex in India. The deal was done through its 49 percent-owned associate LOMA IT Park Developers. The site was purchased at a price of S$79 million from Standard Industries, a company listed on the Bombay Stock Exchange and the National Stock Exchange of India. It is located in the Trans Thana Creek industrial...
Structural steel contractor and engineering solutions provider Yongnam Holdings will form a 70-30 percent joint venture with KTC Civil Engineering and Construction to work on a Marina Bay Sands project. They have secured an S$81.4 million contract for temporary decking, steel waling and excavation works at the South Podium of the Marina Bay Sands integrated resort. The South Podium area will include...