DirectoryReal EstateBlog Details for "Singapore Real Estate - Singapore Property News"

Singapore Real Estate - Singapore Property News

Singapore Real Estate - Singapore Property News
Singapore Property, Buy,Sell,Rent,Invest
Articles: 1, 2, 3, 4, 5, 6, 7

Articles

IE Singapore to sell off unit
2008-06-07 04:24:00
IE Singapore to sell off unit By NISHA RAMCHANDANI   INTERNATIONAL Enterprise (IE) Singapore yesterday proposed plans to divest its entire interest in Singapore Information Services Pte Ltd (INSIS) through its wholly owned subsidiary, IE Singapore Holdings Pte Ltd (IEH). IEH holds 100 per cent of INSIS’ issued share capital. INSIS was established in 1989 to take over the publishing and printing of trade directories from the Trade Development Board (TDB). Over the years, it has added other facets to its business, including an e-commerce platform which provides a database of firms and connects both local and foreign companies for the buying and selling of goods and services. Other services include exhibitions and event management. INSIS is being divested in accordance with Singapore’s ‘Yellow Pages Rule’, which states that government agencies should not provide non-core, non-strategic businesses that can be provided by the private sector. ‘INSIS has beco...
More About: Sell , Unit
Raffles Hotels makes its mark in Moscow -Singapore
2008-06-07 04:22:00
Raffles Hotels makes its mark in Moscow -Singapore The company has inked a deal to manage a 130-room luxury hotel By CHEAH UI-HOON IN MOSCOW   RAFFLES Hotels & Resorts yesterday signed a management contract to stamp its brand on a 130-room luxury hotel a stone’s throw from Red Square and the Kremlin.   Mr Pereverzev: Says Raffles’ standards correspond to the luxury hotel’s requirements  Opening in 2011, Raffles Moscow will be housed in a mid-17th century building - and is likely the oldest heritage building in Raffles’ portfolio of 22 hotels. Located in Moscow’s Kitay-Gorod district, it is a three-minute walk from Red Square and the Kremlin, and 10 minutes from the Bolshoi Theatre, plus being right next to the ‘Tretyakovsky Proyezd’, a strip housing the most luxurious and prestigious shops in Moscow. Interestingly, Kitay- Gorod popularly translates into ‘Chinatown’ although ‘Kitay’ which means ‘Cathay&rsq...
More About: Mark
Wee family goes Singapore condo-shopping
2008-06-07 04:16:00
Wee family goes Singapore condo-shopping Its members pick up three units in Nassim Park Residences for $40m By KALPANA RASHIWALA   (SINGAPORE) Members of the Wee family have bought three units at Nassim Park Residences near Botanic Gardens for a total of nearly $40 million, a filing by UOL Group to Singapore Exchange (SGX) on Wednesday shows.   Wee Ee Cheong, CEO of United Overseas Bank and son of UOL chairman and controlling shareholder Wee Cho Yaw, picked up a penthouse for $18.33 million or $2,670 per square foot (psf). Two of his siblings bought a sky unit each in the five-storey freehold condo at about $10.6 million each. Wee Ee Chao, who sits on the UOL board, bought a unit with his wife Jennifer for $3,308 psf, while his sister Wei Chi snapped up a unit for herself for $3,293 psf. The SGX filing also showed that UOL director Alan Choe’s son Jonathan, through his company Montgomery Hills, bought a ground-floor unit, that comes with its own pool, for nearly $11.5 millio...
More About: Family , Shopping , Condo
Singapore JTC quietly works its magic to help Singapore stay ahead
2008-06-07 04:12:00
Singapore JTC quietly works its magic to help Singapore stay ahead  It has changed landscape to meet investors’ needs and also helped country bag lucrative deals: PM By Fiona Chan, Property Reporter  HERE’S TO A JOB WELL DONE: PM Lee, flanked by Mr Foo and JTC chief Ow Foong Pheng, toasting the agency at its 40th anniversary dinner. Mr Lee praised JTC for being ‘dynamic and vigorous’ in upgrading itself to meet investors’ needs. — ST PHOTO: EDWIN KOO   SHIFTING land boundaries, realigning highways and diverting live pipelines - these dramatic moves are all in a day’s work for JTC Corporation. Quite ambitious for what many see as just a staid government agency. But as Prime Minister Lee Hsien Loong pointed out last night, Singapore’s largest industrial landlord has plenty of strings to its bow that go far beyond creating business clusters such as one-north at Buona Vista and Jurong Island. Mr Lee said at JTC’s 40th anniversary ...
More About: Singapore , Magic , Works , Stay , Ahead
Blasts, fireballs as blaze destroys factory in Singapore Woodlands
2008-06-07 04:10:00
Blasts, fireballs as blaze destroys factory in Singapore Woodlands  By Daryl Tan  GUTTED: Mangled oil drums, collapsed ceiling beams and roof fragments (above) litter the premises of KL Koh Enterprise. Earlier, there were loud explosions, and fireballs shot up to 10m into the sky as firefighters fought the flames. — ST PHOTO: FRANCIS ONG   A BIG fire swept through a Woodlands Terrace factory at about 2.45am yesterday. At the height of the fire, loud explosions could be heard as far away as Admiralty Road and fireballs shot up to 10m into the sky. Across an area about half the size of a football field, the entire factory area was engulfed in flames. Belonging to KL Koh Enterprise, the factory manufactures essential oils used in the processing of perfumes and food products. By midday yesterday, the charred remains of 150 mangled oil drums could be seen strewn across the blackened floors of the factory. Collapsed ceiling beams and charred roof fragments littered the ground, an...
More About: Factory , Blaze
Singapore MM Lee: Why we are investing in Russia
2008-06-07 04:05:00
Singapore MM Lee: Why we are investing in Russia   By Sue-Ann Chia  MOSCOW - SINGAPORE wants to do business with Russia because it wants to diversify its economic portfolio, Minister Mentor Lee Kuan Yew said here yesterday. By taking part in both ‘oil-rich’ and ‘oil-poor’ emerging economies, the volatility of business risks can be reduced. ‘I’m in favour of spreading our bets because you might have a recession in East Asia, but there might be no recession in Russia or the Middle East because they are oil states and they can survive the recession,’ he said. ‘From a broad strategy point of view, the wider we spread our nets, the better we’ll be able to ride the ups and downs of the market.’ Trade cycles are not synchronised in China, India, the Middle East and Russia, he noted, adding: ‘If you have a downturn there in Asia…you get the upsides here. These are factors that every businessman must take into account....
More About: Singapore , Investing
Time-wasters steer clear of Singapore BTO projects
2008-06-07 03:16:00
Time-wasters steer clear of Singapore BTO projects  HDB’s two new projects still oversubscribed but at half the level seen before change of rules By Jessica Cheam    IT LOOKS like the time-wasters have got the message after the Housing Board tightened rules for flat applications. The launch of 1,485 premium flats in Punggol and Sengkang closed on Wednesday with 4,050 applications - still oversubscribed but at about half the level seen before the new rules kicked in. Some sales launches had become free-for-alls, with thousands of people who had no real intention of buying still lodging applications just to keep options open. This was evident in the actual take-up rate for flats, which was sharply lower than the number of applicants. Apart from creating an administrative headache for the HDB, such frivolous applicants also meant deserving buyers were pushed further back in the queue. Now, a first-timer who twice rejects an offer to buy a flat at a build-to-order (BTO) or ball...
More About: Projects , Time , Clear
Singapore LTA to cut road tax by 15% for most vehicles from July 1
2008-06-06 06:29:00
Singapore LTA to cut road tax by 15% for most vehicles from July 1 By Hiroshi Limmell, SINGAPORE: The Land Transport Authority (LTA) will reduce road tax for most vehicles from 1 July. In a statement, the LTA said road tax for cars, motorcycles, taxis and commercial vehicles will fall by 15 per cent. Electric and hybrid cars will also see a 15 per cent decline in road tax rates. And it’s also good news for Euro-IV diesel car owners. In February this year, LTA said the special tax for Euro-IV cars will be revised downwards. From July onwards, LTA will be reducing the special tax for Euro-IV engines, which is paid on top of the normal road tax for these vehicles. Currently, the special tax is priced at four times the normal tax of a similar capacity petrol car. The new rates will be lower. For example, the 6-months special tax for a 1.6 litre Euro-IV diesel car will be cut from the current S$1,488 to S$1,000. Ownvers will also have a reduced normal tax rate to pay for these vehi...
More About: Singapore , Vehicles , Road
Little choice but to offer less choice sites - Singapore
2008-06-06 06:23:00
Little choice but to offer less choice sites - Singapore Developers fear oversupply; the govt must offer some sites but may not waste prime sites By KALPANA RASHIWALA   THE six-monthly Government Land Sales (GLS) programme announcement is just around the corner, and property industry players are once again voicing the familiar calls for the government to reduce its quantum of land sales, and to halt sales through the confirmed list - except for strategic reasons - and to instead offer sites only through the reserve list.     The players wanted this even when the market was buoyant. Given the subdued conditions now, they may have a stronger case for moderating the GLS programme in the second half of 2008. But numbers alone won’t do. The focus must also be on the quality of sites on offer. The 99-year leasehold private residential sites offered by the state in H1 2008 yielded a mixed bag of results. Some have attracted numerous bids at high prices while others did not. In one...
More About: Sites , Choice , Offer
Airlines start exiting routes to cut losses - Singapore
2008-06-06 06:20:00
Airlines start exiting routes to cut losses - Singapore Qantas cuts capacity on Asian routes; SIA studies its options By VEN SREENIVASAN   (SINGAPORE) Faced with the prospect of plunging earnings amid soaring fuel prices and flattish revenue growth, many airlines are cutting capacity and exiting routes.   Mr Dixon: The rising cost of fuel has changed the way Qantas will have to do business over the next two years  Qantas is just the latest to join a growing line of carriers which are exiting routes, sizing down capacity or just parking planes as oil stays stubbornly above the US$125 per barrel level, and threatens to rise even further. Just a week after it announced cuts on its domestic and trans-Tasman services, the Australian carrier has cut capacity on its Japan and South-east Asia routes, including some services launched barely a year ago. Qantas CEO Geoff Dixon said the rising cost of fuel has changed the way the Qantas Group will have to do business over the next two years,...
More About: Airlines , Start , Losses
Spooked investors snap up Singapore govt bonds
2008-06-06 06:19:00
Spooked investors snap up Singapore govt bonds Demand grows with inflation threat; bond yields climb sharply By SIOW LI SEN   (SINGAPORE) Singapore government bonds are in demand as prices continue to fall due to inflation fears, and investors seek a flight to quality.   Analysts say inflation, the predominant worry of Asian countries, has spooked investors who see a second financial crisis brewing. Prices of the 10-year Singapore Government Securities (SGS) bond yesterday fell for the fourth consecutive day while yields jumped 16 basis points to 3.60, near a two-year high. Yield for the two-year SGS bond gained a faster 18 basis points to 1.15 per cent. ‘It’s a big move, and it’s not to do with fresh domestic data. Today’s market attention is on Malaysia . . . there’s spillover to Singapore,’ said Selena Ling, OCBC Bank economist. She sees the 10-year bond yield reaching 4 per cent by year-end - levels last seen in November 2003, when it was 4....
More About: Snap , Bonds , Investors , Govt
Time-wasters steer clear of Singapore BTO projects
2008-06-06 06:13:00
Time-wasters steer clear of Singapore BTO projects  HDB’s two new projects still oversubscribed but at half the level seen before change of rules By Jessica Cheam    IT LOOKS like the time-wasters have got the message after the Housing Board tightened rules for flat applications. The launch of 1,485 premium flats in Punggol and Sengkang closed on Wednesday with 4,050 applications - still oversubscribed but at about half the level seen before the new rules kicked in. Some sales launches had become free-for-alls, with thousands of people who had no real intention of buying still lodging applications just to keep options open. This was evident in the actual take-up rate for flats, which was sharply lower than the number of applicants. Apart from creating an administrative headache for the HDB, such frivolous applicants also meant deserving buyers were pushed further back in the queue. Now, a first-timer who twice rejects an offer to buy a flat at a build-to-order (BTO) or ball...
More About: Projects , Time , Clear
‘Too much, too sudden’ - Malaysia
2008-06-06 05:49:00
‘Too much, too sudden’  - Malaysia Businesses warn of trickle-down effect on prices of goods, services By Hazlin Hassan, Malaysia Correspondent  STREET PROTEST: Malaysia’s opposition was quick to seize on the fuel price hikes, with street protests like this one in Kuala Lumpur. De facto opposition leader Anwar Ibrahim slammed the increases and there were promises of more protests.   KUALA LUMPUR - MALAYSIA’S overnight increases in petrol and diesel prices yesterday triggered widespread criticism by businesses, the opposition and ordinary people. They called for a review of the steep hikes - 41 per cent for petrol and 63 per cent for diesel - announced on Wednesday and implemented yesterday. The Associated Chinese Chambers of Commerce and Industry of Malaysia said the increase was simply too much, too soon for many manufacturers, and wished the government had raised prices gradually. Malaysia’s new fuel prices are still among the lowest in Asia, but t...
Euro 2008: It’s a tougher ball game
2008-06-06 05:32:00
Euro 2008 : It’s a tougher ball game  By Wang Meng Meng  FOOTBALL FEVER: Holland supporters at Vino Vino Wine Bar, which will show the highly-anticipated European Championship on a giant screen and expects a substantial audience of football fans. — ST PHOTO: ALBERT SIM   HALF a world away, 16 European nations are gearing up to slug it out in the Alps for continental soccer supremacy. And here in Singapore, Euro 2008 fever is building up. Take Mr Charles Stephan, for example. The Dutchman will be rooting for his country from Mohamed Sultan Road, where he runs the Vino Vino wine bar. Holland had rotten luck in the European Championship draw, landing in the proverbial ‘Group of Death’ alongside world champion Italy, talented France and dark horse Romania. But Mr Stephan aims to bring the matches to life through two 42cm LCD television sets and a giant screen throughout the three-week tournament. ‘I already have a group of Dutchmen who are regular patrons...
More About: Euro 2008 , Euro , Game , Ball
Singapore MM Lee says growth tied to stability of govts, human capital inve
2008-06-05 02:56:00
Singapore MM Lee says growth tied to stability of govts, human capital investments By Imelda Saad/Anya Ardayeva, SINGAPORE: Western-style liberal democracy is not a prerequisite for growth; instead what is needed is stability of governments, Minister Mentor Lee Kuan Yew said at the Skolkovo International Advisory Board Meeting in Moscow on Wednesday. Citing a report by the World Bank, Mr Lee said countries with different systems - from single-party governments to multi-party democracies - can achieve sustained growth, but this must come with stability. Rapid growth over a long period, he noted, also requires an effective government and strong leadership. Even more vital, said Mr Lee, is for a country to develop its people and institutions. Pointing to Singapore’s experience, Mr Lee said without natural resources, the country is forced to innovate, think and plan. To leverage on human capital, the minister mentor said it is important to invest in education and public health. Le...
More About: Singapore , Human , Human Capital , Growth , Capital
JTC to plant more trees in Tuas to help companies cut energy costs
2008-06-05 02:54:00
JTC to plant more trees in Tuas to help companies cut energy costs By Valarie Tan, SINGAPORE: JTC Corporation will plant more trees in Tuas to help companies there cut energy costs, the company revealed at its tree-planting event at the Tuas Biomedical Park on Wednesday. It said a joint study with the National University of Singapore showed that areas with more greenery experience cooler temperatures. Shade from trees and rooftop greenery can bring down temperatures in buildings by nearly five degrees, which suggests that well-shaded buildings could see energy savings of more than 25 per cent. JTC is now looking at planting trees at strategic locations in Tuas View as a pilot project. - CNA/ac   Source : Channel NewsAsia - 05 jun 2008 Singapore Property - Buy, Sell, Rent, Invest Mindy Yong (+65)91002985 mindy@mindyyong.com
More About: Companies , Energy , Trees , Costs , Plant
4 Singapore sites relaunched for collective sale at lower prices
2008-06-05 02:50:00
4 Singapore sites relaunched for collective sale at lower prices  PropNex hopes 30% cut in asking price will attract buyers, as demand is ’still there’ By Joyce Teo, Property Correspondent  ANOTHER TRY: Cavenagh Gardens and Seletar Gardens are among the four sites PropNex is hoping to sell this time at prices markedly discounted from last year.   A BOLD property firm is defying market trends with a renewed bid to sell four housing sites en bloc, even though the market appears dead for now. PropNex Realty admits its move is ‘contrarian’ but hopes a hefty asking price cut of up to 30 per cent will attract buyers. Even then, developers may not bite, given market uncertainties, property consultants say. Some other sites were relaunched for collective sale this year, but none was sold. Any bids that did emerge were below the owners’ expectations. PropNex is relaunching four sites: Cavenagh Gardens in Cavenagh Road, Novena Hill in the Novena area, Seletar ...
More About: Sale , Sites , Lower , Collective
Vietnam may be heading towards financial crisis
2008-06-05 02:47:00
Vietnam may be heading towards financial crisis  Inflation, trade deficit, banking blow-up threaten what was recently hailed the darling of investors By Bryan Lee, Economics Correspondent & Roger Mitton, Vietnam Correspondent    FEARS are rising that Vietnam may be headed for a financial meltdown after a rapid reversal of its economic fortunes. A heady mix of runaway inflation, a ballooning trade deficit and a possible banking sector blow-up is sparking a growing cacophony of warnings by economists. They say Vietnam, recently the darling of international investors as an emerging ‘tiger’ economy, is at risk of a severe crisis, as overheating symptoms emerge similar to those seen before Thailand’s 1997 crash. Many predict a steep fall in the country’s currency - the dong - is all but inevitable. Some say external help, possibly from the International Monetary Fund (IMF), may be needed to restore economic confidence. Until recent gravely worrying economic...
More About: Vietnam , Financial , Crisis , Heading
Rental flats: Singpore HDB to weed out errant tenants
2008-06-05 02:44:00
Rental flats: Singpore HDB to weed out errant tenants  It will conduct more checks to identify those who sublet subsidised flats illegally By Jessica Cheam    THE Housing and Development Board (HDB) is clamping down harder on the abuse of its heavily subsidised rental flats. Enforcement blitzes to identify illegally rented flats will be stepped up and they will be extended across a wider area of the country, said the HDB yesterday. Its response comes amid growing disquiet on several fronts about the abuse of subsidised rental housing. MPs, residents of rental blocks and eligible Singaporeans who feel they have been left in the queue while foreign workers snap up cheap flats have all called for action. The Straits Times reported last week that an increasing number of tenants have been illegally subletting HDB flats to cash in on the demand for low-priced accommodation. The flats are often leased to workers from Malaysia, China and India who are either in the dark about rules or ju...
More About: Rental , Flats , Weed , Tenants
Higher rents lift Europe’s property mkt
2008-06-05 02:40:00
Higher rents lift Europe ’s property mkt - LONDON (LONDON) The clouds over European commercial property may be about to lift because falling prices have raised rental yields, while inflation pressures elsewhere are making the sector’s index-linked rents a tempting hedge.   ‘Economic inflation and rental inflation are not the same.’   - Lehman Brothers analyst Mike Prew          The vast majority of shops, warehouses and offices across the continent are let on rents that rise in line with inflation. Fund managers and analysts say a surge in rents could help revive interest from income-hunting insurers and pension funds, who covet higher-yielding properties because they can more easily match investment returns against their liabilities. ‘If we are in for a short sharp bout of inflation, rental indexation is one of the few ways investment managers can benefit,’ said Robert Gilchrist, chief executive of fund manager Rockspring LLP. ‘As l...
More About: Property , Higher , Lift
Singapore Four en bloc sites back on market with lower tags
2008-06-05 02:38:00
Singapore Four en bloc sites back on market with lower tags Cavenagh Gardens, Novena Hill, Seletar Garden, Hong Thye offered in Q4 2007 By EMILYN YAP FOUR collective sale sites are back on the market, with price expectations much lower than when they were offered in Q4 last year. Cavenagh Gardens, Novena Hill, Seletar Garden and Hong Thye are for sale after attracting weak bids the last time round.   Seletar Garden: The mixed-development site could fetch $50-$55 million or $488 to $537 psf ppr. The expected price was $70-$75 million last September. Three parcels of adjoining state land could also be alienated  The freehold Cavenagh Gardens near the Istana could fetch $450-$455 million or $1,671 to $1,689 per sq ft per plot ratio (psf ppr). This is 27 per cent lower than the expected price of $619 million or $2,308 psf ppr last October. The buyer may be able to alienate adjoining parcels of state land for a further $10 million. If approved, the combined site would have a potential ...
More About: Singapore , Market , Sites , Back , Tags
Singapore COE premiums fall across the board
2008-06-05 02:35:00
Singapore COE premiums fall across the board COE premiums in all five categories fell yesterday as some buyers held back after the previous tender’s sharp increases. Category A, for cars below 1,600cc, shed $1,111 to $14,590, while Cat B, for cars above 1,600cc, slumped $2,473 to $14,640. Cat E, the open category, slipped $399 to $16,301. Elsewhere, Cat C, for commercial vehicles, eased $1,255 to $13,501, while Cat D, for motorcycles, was just $26 lower at $1,083. Two weeks ago, the bidding exercise for certificates of entitlement saw a big rise for passenger car categories, the small car Cat A premium rose especially sharply - spiking almost $4,700. But because most distributors increased their sticker prices by less than half that amount, ‘prices remained attractive enough for some shoppers’, said the manager of a popular Japanese dealership. ‘Cat A sales have been slower in the past two weeks. But for popular models like Honda Jazz and Toyota Corolla Altis...
More About: Singapore , Board , Fall
Singapore Hotels need long-term plan for F1 packages: study
2008-06-05 02:34:00
Singapore Hotels need long-term plan for F1 packages: study By NISHA RAMCHANDANI   HOTELS need to have in place a long-term pricing strategy when it comes to room rates and hospitality packages for the Formula One race to ensure that visitors keep coming back for subsequent races. Integrated Decisions and Systems International Inc (IDeaS), which provides revenue optimisation software to the hospitality industry, released a study conducted last September which examined two Grand Prix weekends in Shanghai, Kuala Lumpur (KL) and Melbourne. While both occupancy and daily room rates saw an increase on average, both Shanghai and KL did not achieve full occupancy. Instead, hotels in the two cities saw occupancies of 87 per cent and 85 per cent respectively on Saturday night of the race weekend. This could be due to weaker demand from F1 fans than anticipated, coupled with insufficient bookings from base business such as groups and air crew, the study said. A mix of customer base - both le...
More About: Singapore , Study , Long , Plan
S’pore safe place to do business: study
2008-06-05 02:33:00
S’pore safe place to do business: study Republic ranked together with Japan, Germany & Australia By IAN POH   SINGAPORE is a very safe place to do business, according to findings from French credit insurance firm Coface’s Business Climate@ratings. The study, released yesterday, provides two ratings for 150 countries - a rating on risks inherent in the business climate, and a more holistic rating that takes into account the business climate, economic and financial prospects and company payment behaviour. Singapore’s ratings of A1 in both areas signify the lowest category of risk on a scale with seven levels in increasing order, numerically up to A4 and then alphabetically up to D. This places Singapore in the top band, which includes Germany, Australia and Japan. The purpose of the ratings is to assess the overall quality of a country’s business environment - whether financial information there is available and reliable, whether the institutional framewor...
More About: Study , Place , Safe
End of cheap fuel as KL hikes petrol price 41% - KUALA LUMPUR
2008-06-05 02:29:00
End of cheap fuel as KL hikes petrol price 41%  - KUALA LUMPUR Malaysia must tackle problem of soaring oil prices head on: Abdullah By PAULINE NG IN KUALA LUMPUR MALAYSIA yesterday announced sweeping petrol and energy price increases, ending a long running policy on cheap fuel. But the big hikes in a number of areas are sure to test Prime Minister Abdullah Ahmad Badawi who is already facing a severe leadership challenge after a disastrous showing at the March polls.   Dearer petrol: There will be no ban on sales to foreign- registered vehicles as prices are near market levels  From today, the price of petrol would be raised by 41 per cent or 78 sen to RM2.70 (S$1.14) a litre from RM1.92, and diesel by RM1 to RM2.58. By charging close to market prices, domestic and consumer affairs minister Shahrir Samad indicated that Malaysia would not need to introduce a proposed ban on petrol sales to foreign-registered vehicles. Mr Abdullah said that petrol prices would continue to be adjuste...
More About: Fuel , Kuala Lumpur , Price , Cheap
Foreign firms’ M&As in Singapore hit US$13.9b
2008-06-05 02:26:00
Foreign firms’ M&As in Singapore hit US$13.9b Acquisitions for first five months beat US$13.8b for whole of last year By EMILYN YAP   (SINGAPORE) Barely half the year is over, but foreign companies are already targeting firms in Singapore with mergers and acquisitions (M&As) worth US$13.9 billion, beating the US$13.8 billion recorded for the whole of 2007.   S’pore-based companies are attractive to foreign investors and are likely to remain so. Many firms here have fundamentally sound businesses, are fairly regional in nature and adopt high corporate governance standards.     According to a Thomson Reuters report, the top five M&A deals aimed at companies here totalled US$9.4 billion in value as of May 28. The largest deal involved Huaneng Power International’s purchase of Singapore-based SinoSing Power for US$3.1 billion in April. Also making the top-five list was Maybank’s US$1.5 billion winning bid in March for Sorak Financial Holdings, whi...
More About: Foreign , Firms
Jobless US bankers set their sights on Singapore
2008-06-05 02:24:00
Jobless US bankers set their sights on Singapore Huge increase in their job applications here, but most lack Asian experience By CHOW PENN NEE (SINGAPORE) Thousands of job cuts in US and European banks - a fallout of the sub-prime mortgage crisis - are forcing bankers in those countries to seek jobs further afield. And they are showing interest in a region still relatively insulated from the crisis: Asia, particularly Singapore.   ‘It used to be difficult to get any senior finance professional in the US interested in moving to Asia. Now we are getting way too much interest!’   - Fabrice Desmarescaux,  head of financial services for Asia Pacific at headhunter Spencer Stuart        Headhunters say they have seen a significant increase in interest from bankers in the US wanting to work here. This is hardly surprising, given that 65,000 jobs have been cut by the world’s biggest banks and securities firms over the past 10 months as mortgage losses and writedowns ...
More About: Sights
Singapore Developers turn landlords as property market stays quiet
2008-06-04 05:31:00
Singapore Developers turn landlords as property market stays quiet  With projects held back, firms lease out units bought in collective sales By Joyce Teo, Property Correspondent  STAYING ON: The consortium that bought Lincoln Lodge has allowed occupants to keep renting homes for six months from the sale completion date of July 8. — PHOTO: NEWMAN & GOH   PROPERTY developers such as Koh Brothers and GuocoLand, which bought collective sale sites during boom times, are now becoming landlords as they wait out the market slowdown. They are leasing out apartments they bought to existing occupants as a way to generate some income instead of simply leaving them vacant. If the property upswing had continued, these developers might well have moved quickly to tear down the older homes to put up new developments. But the sharp slowdown in home sales has put paid to such thoughts for now. Market observers say renting is a nimble move given present market conditions. For sellers of u...
More About: Singapore , Turn
Sim Lian Land is top bidder for Singapore DBSS site at Simei
2008-06-04 05:14:00
Sim Lian Land is top bidder for Singapore DBSS site at Simei   SIM Lian Land Pte Ltd yesterday emerged as the top bidder in a Housing & Development Board (HDB) tender for a Design, Build and Sell Scheme (DBSS) site at Simei Road. The $52 million bid, or $137 per square foot per plot ratio (psf ppr), was at the lower range of earlier market expectations. Industry observers projected in April that the site could fetch between $49 million and $76 million, or $130 to $200 psf ppr. The fifth DBSS site, with a lease term of 103 years and a maximum allowable gross floor area of 380,300 sq ft, attracted another bid from AMK Development Pte Ltd. Its bid of $37.3 million, or $98 psf ppr, was 28 per cent lower than Sim Lian Land’s. Managing director of Sim Lian Land Kuik Sing Beng told BT that the site is expected to yield about 340 units. Five-room flats would make up 60 to 70 per cent of the units, and the rest would be a mix of four- and three-room flats. Sim Lian Land plans to l...
More About: Site
Fewer expats expected to fill top posts in 5 years - Singapore
2008-05-29 08:20:00
Fewer expats expected to fill top posts in 5 years - Singapore   Firms to turn to local talent as Asian developing nations mature: Survey By Nicholas Fang    TOP executives at large companies in emerging Asian powerhouses such as China and India are likely to be local talent in five years’ time, instead of high-cost expatriates. This is among the key findings of a new survey conducted by the Association of Executive Search Consultants (AESC), the global grouping representing top-level headhunting firms in 70 countries around the world. The survey focused on trends in senior executive recruitment in emerging markets such as China, India, the Middle East and Brazil. It showed that many of the 62 respondents, comprising executive search professionals around the world, believed local talent would supersede expats by 2013. AESC said 54 per cent of respondents had estimated that in 1998, most senior executive roles were filled by expats. ‘But only 8 per cent of the responden...
More About: Fill , Years , Posts
More articles from this author:
1, 2, 3, 4, 5, 6, 7
128709 blogs in the directory.
Statistics resets every week.


Contact | About
© Blog Toplist 2017