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singapore property news
Q2 investment sales market improves
Singapore’s investment sales market in the second quarter has strengthened further, recording a 24.3 percent jump to S$7.11 billion, compared with S$5.72 billion in the first quarter this year, according to property consultancy group Colliers International.
The group said the increase in the investment sales market was largely attributed to [...]

singapore stock market news,singapore stock market ‘
RPT-Singapore’s NOL places $1.2 bln ship orders from Daewoo

SINGAPORE, July 21 – Neptune Orient Lines <NEPS.SI>, the world’s fourth-largest container shipping firm, has placed an order with Daewoo Shipbuilding & Marine Engineering <042660.KS> for new container ships worth $1.2 billion.
It ordered 10 vessels of 8,400 twenty-foot equivalent unit capacity [...]

Holland Tower, a freehold residential redevelopment site  located in District 10 has been put up for sale through a public tender by Jones Lang LaSalle (JLL).
The URA said the redevelopment of the 21,879-sq-ft site, which is zoned for residential use, can maintain its current height and can be redeveloped into a boutique residential development with [...]

Buying a magic box
Let’s say for the sake of example that you do acquire this mystical item for a tidy $1500, and duly receive a crisp $100 note after 12 months (an initial yield of 6.67% as expected). The second year brings even greater rewards:

Year
Cash Produced

1
$100

2
$112

3
$105

4
$120

5
$135

TOTAL
$579
 

 
Over five years the box has increased its output by [...]

China, the worst-performing stock market
after Greece, looks like a buy by almost any measure, according to
top-ranked analysts of the Asian nation’s shares.
   The Shanghai Composite Index’s 26 percent plunge this year,
including yesterday’s 4.3 percent slump, sent its price-earnings ratio
to 18, the lowest level versus the MSCI Emerging Markets Index in a
decade. The largest owners of yuan-denominated [...]

Singapore’s factory output sees record rise in May
Singapore said Friday that manufacturing output surged a record 58.6 percent year on year in May as factories raced to meet robust foreign orders for electronics and pharmaceuticals.
Last month’s factory production, which eclipsed the previous record high of 49.7 percent posted in April, was almost double the 32.1 [...]

Oversea-Chinese Banking Corp
Result note – All engines firing – by Kenneth Ng CFA
(OCBC SP / OCBC.SI, OUTPERFORM – Upgraded, S$8.59 – Tgt. S$10.00,
Financial Services)
We upgrade OCBC to Outperform from Neutral. 1Q10 results (S$676m) beat our
expectations (S$510m) and the Street’s (S$515m) by a mile, as every area
outperformed. Net profit was 34% of our full-year estimate and [...]

Singapore Stock Market news,Singapore Stock Market ,Singapore StockMarket
Over 30 units at Marina Bay Suites were sold during its preview yesterday. They were among a batch of 36 apartments launched on nine floors in the 66-storey condo development and which are priced between $2,167 psf and $3,133 psf.
Several analysts observed that the selling price is about [...]

Ho Bee Investment’s net profit up 11.8% in Q1
Property developer Ho Bee Investment reported a net profit of $41.7 million for the first quarter ended 31 March 2010, up 11.8 percent compared with the same period in 2009.
The increase from $1.9 million to $10.8 million was mainly attributed to a surge in share of profit [...]

HDB quarterly resale prices hit new record but analysts say prices stabilising
SINGAPORE: HDB resale prices have hit a fresh record in the first quarter of this year rising by 2.8 per cent compared with the previous quarter. But the latest figures show signs of a market that’s finally stabilising after months of runaway prices.
Some analysts [...]