Richard Wee Chief Executive – Singapore Lombard Odier THE need to reduce sovereign and household indebtedness in the developed world will bring a drag on global economic growth for many years to come. Heightened volatility in financial markets will be the norm. However, opportunities remain for investors who are looking to create and preserve their […]
August 29, 2011
(SINGAPORE) Development charges, payable to the state in exchange for the right to enhance the use of certain sites or to build bigger projects on them, are expected to head north from Sept 1, based on the increases in land values over most of the past six months. However, the rate hikes may be smaller […]
August 29, 2011
SKY-HIGH prices and tighter financing rules are sending increasing numbers of Singaporeans across the Causeway to snap up property. Malaysia’s relative affordability and proximity are proving to be a powerful lure for investors deterred by rocketing values in Singapore. Private home prices surged 17.6 per cent in Singapore last year, prompting the Government to toughen […]
August 29, 2011
PROPERTY stocks are now trading at discounts of up to 48 per cent off their revalued net asset values (RNAVs) after taking a beating in recent weeks. The discounts could grow even bigger as share prices may fall further in coming weeks if analysts pare their expectations of property prices, rents and volumes. Data compiled […]
August 29, 2011
MAINBOARD-LISTED Second Chance Properties (SCP) has posted a fourth-quarter net profit of $18.7 million, nearly triple its $6.7 net profit a year earlier, largely on the back of fair value gains from property. Revenue for the three months ended June 30 was $11 million, up 9.9 per cent from $10 million in the corresponding period […]
August 29, 2011
THE label ‘greenwash’ is a dirty word that strikes fear in many firms and invites scepticism from consumers. It is used to describe marketing spin that makes false claims about a product’s green credentials. But a local start-up has launched a service that it wants customers to know as precisely that – a green wash. […]
August 29, 2011
INVESTMENT holding and broking firm GK Goh Holdings will sell part of its stake in property group Eastern & Oriental Berhad (E&O) to Sime Darby Berhad for RM243.8 million (about $99.1 million). GK Goh will sell 9.6 per cent of Malaysia-listed E&O’s fully diluted issued share capital, comprising 84 million stock units as well as […]
August 29, 2011
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