Singapore
2011 inflation forecast at 2.9%
While a 5.1% growth is to be expected, according to the latest MAS survey of professional forecasters. The growth and inflation for 2010 is 15.0% and 2.8% respectively.
2011 inflation forecast at 2.9%
While a 5.1% growth is to be expected, according to the latest MAS survey of professional forecasters. The growth and inflation for 2010 is 15.0% and 2.8% respectively.
2010 IPOs to exceed US$300bln
Surpassing the 2007 record of US$295 billion, total global IPO proceeds for this year are backed by Asian issuers raising the most capital.
PoMo's 43,027 sq ft site area up for sale
The 99-year leasehold building with GFA of 234,996 sq ft is up for sale by expression of interest.
Punggol residential site sold at $363m
Sim Lian Land and Sim Lian Development closed the tender for Punggol site at $406psf ppr.
CapitaCommercial Trust's 31% gearing secures Baa1 rating
CCT's cash balance of $731m provides it with ample financial flexibility for future acquisitions.
1% of Singaporean companies still in recession mode
While 44% of Singaporean companies said that they have emerged from recession mode and are back in growth mode.
CapitaLand sold 205 apartments
CapitaLand has sold 153 units more last week at the d'Leedon.
Tulip Garden priced at $650m
Freehold condominium project, Tulip Garden, is up for collective sale with a minimum price tag of about $1,250 psf ppr.
Singapore investment deals top $10.6b
An increase of up to $32.5b came in this year due to the rise of investment deals of at least $5m each.
Singapore salaries seen to surge 4.4% in 2011
Banking industry is back in 2010 with the highest salary increases among all industries surveyed as higher rate of turnover reported across industries, compared to last year.
Keppel Land foresees $719.8m net profit
A net gain of $394m is expected by Keppel Land instead of the $321m reported earlier.
Capitaland sells strata titled units at The Adelphi for $218.132mln
The real estate company has entered into 4 sale and purchase agreements with Guthrie-SV to divest 163 units at the 10-storey mixed use building.
MAS’ attempt at currency control is mission impossible: DBS
DBS says the central bank’s US$17bn intervention in currency markets in October is part of its attempt to do the impossible— to control the currency and interest rates at the same time that capital is free to come and go.
DBS asset management acquires 7.25% interest in Nikko asset management
Nikko Asset Management will obtain DBS Asset Management for S$137 million in their signed agreement to combine both asset managements.
Singapore ties with Hong Kong as Asia's most attractive property market
The city state beat nine cities as investors’ most favored location to buy and rent properties in a survey conducted by the Pan Pacific Star Group.
Overseas Union Enterprise unveils OUE Bayfront
The group’s office tower at 50 Collyer Quay achieves close to 60% take-up as project is due for completion in first quarter 2011.
Jurong Shipyard set to deliver drilling rig to Atwood Oceanics
The ultra-deepwater semi-submersible rig rated for 10,000 feet water depth is Atwood Oceanics’ second rig order with Jurong Shipyard.
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