Singapore’s economy grew at a slower-than-expected 6.0 per cent in the fourth quarter, pulled down by falling manufacturing output, the government said on Wednesday. Economists had expected growth of 7.0-8.5 per cent for the last three months of the year. The estimate for real gross domestic product (GDP) growth, compared with the same period a year earlier, meant a moderation from the revised growth...
The government will continue to monitor the residential property market in a bid to ensure that prices remain stable, according to National Development Minister Mah Bow Tan (Picture). He was responding to questions from reporters on Wednesday for his outlook for the property sector in 2008. He noted that the government had taken measures last year to cool the sector, but also said that there are external...
Private residential property prices rose by a slower pace in the fourth quarter - up 6.6 per cent compared with the previous three months. Meanwhile resale prices for public housing or Housing and Development Board flats grew by 5.6 per cent in the fourth quarter. That’s also at a slower pace, down from 6.6 per cent in the previous quarter. Analysts believed this was due to the uncertainty over the...
A LIFESTYLE LIVING LIKE NO OTHER, AT THE CENTRE OF SINGAPORE'S FINEST Rising above others with panoramic views of the City and embraced in the enclave of Singapore's most famous shopping belt - Orchard Road, it is a lifestyle defined only by the extraordinary. At the heart of the prestigious Orchard and Tanglin locale amidst Embassies, high-end residences and six-star luxury hotels, this 9720 sq ft sky...
New Projects / Launches Martin Place Residences (District 9) For Sale - Under Construction - Preview Now Cliveden at Grange (District 10) For Sale - Under Construction - Preview Now The Wharf Residences (District 9) For Sale - Under Construction - Preview Now Helios Residences (District 9) For Sale - Under Construction - Preview Now The Marq on Paterson Hill (District...
The CPF housing withdrawal limit for buying houses will be reduced by six percentage points from 1 Jan 2008. It will be cut to 120% of the valuation limit, down from 126%. The CPF housing withdrawal limit is being reduced to ensure that Singaporeans have enough savings when they retire and also for health care. It was introduced in 2002 - at 150% of the valuation limit. Analysts said the reduction is...
“A growing number of people in the real estate market are looking to buy a condo rather than to purchase a home or to rent an apartment. But, why are condos so hot in the real estate world? Here are the top five reasons why so many are looking to buy condos rather than other forms of real estate. Reason #1: Condos Do Not Require Upkeep One of the biggest reasons that so many people are looking to buy a...
The Metz is a high-rise tower block located at Devonshire Road, off Orchard Boulevard. This well sought-after prime location ensure convenience at your door-step. The Metz is a stone-throw from Somerset MRT Station or the Orchard MRT Station. It is within few minutes walk from the popular shopping and entertainment belt of Orchard Road. Clubs such as The Tanglin Club, The Pines Club and The American...
FOR three years, she allegedly forged cheques and pilfered at least $200,000 from the coffers of four condominiums she was managing. Although she allegedly committed her misdeeds between 2003 and last year, the former condominium managing agent managed to escape detection all the while by apparently falsifying financial accounts. By the time the condominium owners discovered something was amiss in May...
A brand new year is just days away, and almost all hotels overlooking the Marina Bay area are fully booked. Last year, over 160,000 people ushered in 2007 as sparks lit the skies over Marina Bay. The crowds are expected to return once again this year, and thousands more are set to welcome the new year in cosier settings. Ritz Carlton Hotel said its 264 rooms overlooking the bay were booked by November,...