There is an adage that some still subscribe to — that the Singapore property market lags Hong Kong’s by about two quarters. While that could have been the case, it is also not entirely correct because insofar as office prices in HK dollars are ... ( read original story ...)
Bank of China to release Sheng Siong credit cards
These contactless cards offer 12% cash rebates. As part of efforts to drive Singapore's cashless agenda, the Bank of China Singapore Branch (BOCSG) and local supermarket chain Sheng Siong launched a new contactless credit card that offers up to 12% cash ... ( read original story ...)
Deutsche Bank : Singapore wins at Enabling Employers Awards
Deutsche Bank Singapore's efforts to increase participation in the workplace by people with disabilities was commended by Singapore's SGEnable, a government agency dedicated to enabling people with disabilities. The bank won the Achievement Award ... ( read original story ...)
Singapore stocks spring higher as lenders advance
Singapore stocks rose on Tuesday, led by gains in lenders such as OCBC Bank and DBS Group Holdings. The Straits Times Index rose 0.53 percent or 18 points to 3,328. It ended 0.1 percent lower on Monday, taking the year-to-date gains to 15 percent. ( read original story ...)
Singapore equities jump as investors pile into bank, property counters
SINGAPORE - Investors piled into banks and property counters ahead of several key blue chip firms' earnings and the upcoming Federal Open Market Committee meeting this week, sending Singapore shares to a two-year high. The Straits Times Index jumped 0.51 ... ( read original story ...)
Singaporeans, Malaysians duped millions in alleged real estate Ponzi scheme
... investors from Malaysia and Singapore have apparently been swindled of a total of almost $90 million by a Singapore-based property company led by an Australian businesswoman. Singapore police launched an investigation into a suspected Ponzi scheme ... ( read original story ...)
Singaporeans make $10 million in two years after selling St Kilda Road site
A low-rise apartment block on Melbourne's leafy St Kilda Road boulevard has been snapped up by a Taiwanese developer handing Singapore-listed construction and property company Lian Beng Group a tidy $10 million profit. The sale comes as low interest rates ... ( read original story ...)
China’s Dalian Wanda scraps bid for Bandar Malaysia project after regulatory scrutiny at home
has abandoned its bid for the property portion of the Kuala Lumpur-Singapore high-speed rail project, the biggest of its kind in Malaysia, only three months after being considered a front runner. The multibillion-dollar Bandar Malaysia property development ... ( read original story ...)
High Court rules India can’t tax Dutch company’s sale of shares of in Indian company that holds Indian immovable property
The High Court of Andhra Pradesh, in a case made public June 28, has concluded that gains arising from a Dutch company’s sale of shares of an Indian immovable property company to a Singapore company do not amount to a sale of immovable property situated ... ( read original story ...)
Sex change prompts Singapore to annul couple’s marriage
“Singapore’s insistence that transgender people must remain ... women’s rights, trafficking, property rights, climate change and resilience. Visit http://news.trust.org) ( read original story ...)
Keppel Corporation Limited’s Latest Result: Offshore & Marine Segment Continues to Face Challenges
Keppel Corporation Limited (SGX: BN4) is a conglomerate with four major business segments, namely, Offshore & Marine, Property, Infrastructure ... investment or financial advice. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in ... ( read original story ...)
Asia Stocks Mixed as U.S. Dollar Seeks Direction
Property developer Sunac China Holdings announced it agreed ... the Kospi index retreated 11.63 points, or 0.5%, to 2,439.90 In Singapore, the Straits Times Index gained 17.03 points, or 0.5%, to 3,327.83 In New Zealand, the NZX 50 heightened 30.77 points ... ( read original story ...)
News Roundup (July 2017)
The penthouse is expected to test the endurance of demand for luxury property in Singapore, the segment of the market that suffered most from the government’s property cooling measures. Property consultancy JLL revealed that luxury home prices in the ... ( read original story ...)
Singapore: A haven of stability
Despite the sluggish market and weak economic outlook, Singapore is still considered a safe bet by foreign investors, according to analysts. Although the property cooling measures such as the Additional Buyer’s Stamp Duty (ABSD), imposed by the ... ( read original story ...)
Property-bound Singapore capital now prefers home turf
THE capital flight to greener pastures abroad from Singapore has slowed to a trickle, amid a turnaround in the property market at home. Data compiled by Real Capital Analytics and Knight Frank Research shows that the number of outbound investment deals ... ( read original story ...)
Singapore gets to grips with NSFR rules
The Monetary Authority of Singapore (MAS) issued Notice 652 on July 10, which will require DBS Bank, OCBC Bank and United Overseas Bank to maintain a net stable funding ratio of 100 percent from January 1, 2018. The NSFR, a key reform announced by the ... ( read original story ...)