Live newsflash on Property Trends & Business News as they happen. Bookmark this for continuously updated news.
Fortune Real Estate : Notice of change in Director's interest - 4-traders (press release)
Please specify details Sale of units in Fortune Real Estate Investment Trust ("Fortune REIT") by ARA ... Mr Lim Hwee Chiang is, pursuant to the Companies Act, Chapter 50 of Singapore, deemed to be interested in the Fortune REIT Units held by ARA Asset ...
CapitaCommercial Trust buys office building for S0 mln - Reuters UK
SINGAPORE Feb 22 (Reuters) - CapitaCommercial Trust (CCT), a real estate investment trust, said on Wednesday it has agreed to buy an office building on the outskirts of Singapore's central business district for S0.0 million (2.37 million).
Columbus Circle Condo Sells for .4 Million [PHOTOS] - International Business Times
a commercial building that is the headquarters of Vornado Realty Trust. NYC Real Estate Opportunities Inc., a Singapore-based company, was the buyer. The company's address, One Raffles Place, matches that of real estate company Overseas Union ...
Demand for luxury houses seen to be flattish - star.com.my
“Yield in Singapore and Hong Kong is low because of the high capital ... A quarterly report by the Asia Pacific Real Estate Association (APREA) and Real Capital Analytics said there was a 32% drop in real estate transaction in the Asia-Pacific year ...
MarketPulse - Q4 2011 - Asia Pacific Real Estate Outlook 2012 Video - hotelnewsresource.com
while Hong Kong and Singapore's office markets experienced a decline. Dr Jane Murray presents Jones Lang LaSalle's MarketPulse, a quarterly feature on the real estate markets across Asia Pacific. Jane's report discusses the latest trends in occupier and ...
Strauss-Kahn freed after French police questioning
(AP)
AP - French police released former International Monetary Fund chief Dominique Strauss-Kahn on Wednesday after nearly 30 hours in custody for questioning about a suspected hotel prostitution ring.
AP - President Barack Obama on Wednesday proposed a lower corporate tax rate and an end to dozens of loopholes he said helps companies move jobs and profits overseas. "It's not right and it needs to change," he said.
Reuters - Stocks fell on Wednesday with the S&P 500 stalled near a 10-month-old high after weak data on Europe's business activity raised concerns about a recession.
Past foreclosure means waiting years for new loan
(AP)
AP - Next to filing for bankruptcy protection, nothing wrecks your chances of qualifying for a home loan like a foreclosure.
Romney proposes 28 percent top income tax rate
(Reuters)
Reuters - Republican Mitt Romney, looking for a boost in his presidential campaign, proposed an overhaul of the tax system on Wednesday that he said would cut Americans' tax rates by 20 percent and limit deductions for the wealthy.
MGM Resorts 4th-quarter loss narrows, revenue up
(AP)
AP - MGM Resorts International said Wednesday that high costs kept it in the red in the fourth quarter, but it lost less than a year earlier as more people stayed at its Las Vegas Strip casinos and visitors spent more on the food, gambling, entertainment and shopping it offers.
GM in alliance talks with Peugeot in Europe
(AP)
AP - General Motors Co. is in talks about a possible alliance with France's leading car maker PSA Peugeot Citroen, a deal that could dwarf PSA's partnerships with BMW, Mitsubishi Motors and Toyota.
Home resales at 1-1/2 year-high, supply falls
(Reuters)
Reuters - U.S. home resales rose to a 1-1/2 year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.
AP - Gas prices in West Virginia are about 46 cents higher per gallon compared with a year ago.
Greek lawmakers rush to clear promised austerity
(AP)
AP - Greece scrambled Wednesday to push through a batch of emergency laws that will further cut incomes and state spending, a day after securing a new bailout and debt relief deal designed to stave off bankruptcy.
Singapore Air Budget Arm Scoot to Serve Five Cities in 2012 - Businessweek
The unit will complement the company’s full-service business by either tapping new customers on existing routes or by adding new destinations that are predominately leisure markets, he said. “Singapore Airlines set us up to provide ...
OCS plans to set up regional aviation hub in S'pore - Channel NewsAsia
Presently, DTG said it cleans about 60 per cent of aircraft landing in Singapore. Mr Cracknell said: "By 2015, the Asian business will account for over half of our global revenue." Non-UK operations account for about 28 per cent of OCS' global ...
Singapore Airlines cargo arm cuts capacity - ninemsn
Singapore Airlines' freighter arm said Wednesday it had reduced capacity by 20 per cent due to weakness in global demand and high fuel prices. The cuts "were implemented recently and will continue into the Northern Summer operating season which starts late ...
CBD taxi rule hours to be shortened from 1 March - Channel NewsAsia
SINGAPORE: From 1 March, operational hours for the Central Business District (CBD) taxi rule will be shortened and aligned with the full-day bus lane operational hours. With the revision, the CBD taxi rule that requires taxis to only pick up and ...
Singapore Stocks-Fall from eight-month highs, hit by Wilmar - Reuters
SINGAPORE, Feb 22 (Reuters ... perhaps due to the perception that it has some businesses similar to Wilmar's," Maybank Kim Eng said in a note. "Nevertheless, it should be noted that the group does not have exposure to palm oil, though it ...
Highlights of Singapore Budget 2012: Nair & Co. - Business Wire
SUNNYVALE, Calif.--(BUSINESS WIRE)--Singapore announced a cash grant for small and medium enterprises along with a slew of other announcements including a new scheme for enhancing productivity and innovation during its budget statement on February 17 ...
OCBC Bank : Singapore's OCBC 4Q Net Rises 18% On Loan Growth - 4-traders (press release)
Oversea-Chinese Banking Corp. (O39.SG), Singapore's second-largest lender by assets ... offset the bank's lower net interest margin--the yield it makes on its loans business--which fell to 1.85% from 1.96%. Non-interest income rose 2% to S2 million ...
Singapore Business Federation and Janus Corporate Solutions Hold Seminar for Representative Offices in Singapore - PRWeb
The Singapore Business Federation in collaboration Janus Corporate Solutions recently held a seminar on business incorporation options for Representative Offices in Singapore that are nearing the maximum 3-year period allowed for Representative ...
Singapore, Sri Lanka ink business tie-up - Straits Times
A Singapore business delegation will head to Sri Lanka in the second quarter of this year to look for opportunities to invest in several areas, including infrastructure, education, health care, manufacturing, and trading and logistics.
Freelancer.sg Launches In Singapore; Local Businesses To Achieve Big Results For Less - PR Inside
/EINPresswire.com/ Singapore's 160,000 SMEs set to benefit from being able to tap into an online workforce. Freelancer.com, the world's largest outsourcing and crowdsourcing marketplace today launched its newest country site, Freelancer Singapore, www ...
Past foreclosure means waiting years for new loan
(AP)
AP - Next to filing for bankruptcy protection, nothing wrecks your chances of qualifying for a home loan like a foreclosure.
Rising sales point to better year for housing
(AP)
AP - The housing market is flashing signs of health ahead of the spring-buying season.
Home resales at 1-1/2 year-high, supply falls
(Reuters)
Reuters - U.S. home resales rose to a 1-1/2 year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.
U.S. mortgage applications sagged last week: MBA
(Reuters)
Reuters - Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday.
Fannie, Freddie need to tighten legal expenses: regulator
(Reuters)
Reuters - A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat.
Watchdog: Limit Fannie, Freddie legal fees more
(AP)
AP - The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.
Regulator outlines new plan for Fannie, Freddie
(Reuters)
Reuters - The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the two government-controlled firms, stepping into a void left by congressional inaction.
AP - The government regulator for Fannie Mae and Freddie Mac has submitted a plan to Congress that would shrink the mortgage giants' role in the housing market.
Fed's housing blueprint is lost in din of politics
(Reuters)
Reuters - In mid-2011, with the U.S. economy at risk of a new recession, top Federal Reserve officials began to explore a different way to shore up the recovery: looking for fixes for the battered housing market.
Foreclosure abuse rampant across U.S., experts say
(Reuters)
Reuters - A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country.
Singapore demand nearly triples in New Year - The Move Channel
Donald Han, special advisor for HSR International Realtors, said that the demand spike is down to “the fact that investors still have confidence in the residential property market, the Singapore economy as well”. “There is a fair amount of pent up ...
Development-weary Singaporeans back ‘Green Corridor’ - BusinessWorld Online
It’s hard to believe you’re in one of the world’s most densely populated countries when you’re standing in the middle of former railroad land in the heart of Singapore. A winding stretch of lush greenery runs from the shadows of skyscrapers in the ...
M&C boosted by stronger showing in key markets - Reuters UK
The group, which is majority-owned by chairman Kwek Leng Beng's Singapore-based property company City Developments, made an underlying pretax profit of 184.7 million pounds up from 128.5 million pounds a year ago, boosted by a 34 million pound ...
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