Monthly Archives: December 2010

Aussie Property Prices Expected To Rise 5-8% In 2011

SINGAPORE: Australian real estate may present a good investment opportunity next year. A robust economy and a growing shortage of homes are helping to lift prices. Analysts say that foreigners will be drawn to the market, with Chinese, Singaporean and … Continue reading

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Residential Collective Sales Market Rebounds

SINGAPORE: Singapore’s residential collective sales market has rebounded after a virtual lull last year, and prospects of larger deals look good going forward, said real estate services firm DTZ Research. Since the start of 2010, DTZ’s quarterly report said, 34 … Continue reading

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Vietnam’s 2010 inflation may hit 9.2%

HANOI: Rising food prices are expected to push Vietnam’s inflation rate to more than nine per cent this year, data showed Friday, piling pressure on the country’s leaders to restore economic stability. The news comes after the country’s donors warned … Continue reading

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Cost Inflation For 2011?

SINGAPORE: Gold prices have moved up by almost 30 per cent from this time last year, and Singapore’s Consumer Price Index rose at its fastest pace since January 2009 in November as inflationary pressures picked up. Experts in Singapore say … Continue reading

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Credit Suisse Offloading Property Loans

PARIS: Credit Suisse is selling a US$2.8 billion property portfolio in one of the largest bank sales of distressed loans since the 2008 financial crisis, the Wall Street Journal reported Friday. The Swiss banking giant is to sell the portfolio … Continue reading

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China Investment Abroad To Top US$50b In 2010

BEIJING: Chinese investment abroad is expected to top 50 billion US dollars this year as the country pumps more money into overseas energy, mining and agricultural projects, state media reported on Friday. China – which is expected to receive 100 … Continue reading

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Everitt Building Sold For S$35.5m

SINGAPORE: Everitt Building – a four-storey commercial property at 116 Changi Road – has been sold to Roxy-Pacific Holdings’ subsidiary Roxy-Pacific Developments for S$35.5 million or S$877 per square foot. The sale of the property, which has a net lettable … Continue reading

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Crude Prices Soar In Asian Trade

SINGAPORE: Crude prices resumed their rally in Asian trade on Thursday after hitting fresh two-year highs the day before as the US hiked its economic growth figures and oil stockpiles fell, analysts said. New York’s main contract, light sweet crude … Continue reading

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Singapore’s Inflation Hits Highest Level Since Jan 2009

SINGAPORE: Data from the Department of Statistics (DOS) showed that November’s Consumer Price Index (CPI) rose 3.8 per cent compared to a year ago. That is above the 3.7 per cent increase reached in September, which was then the highest … Continue reading

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HK Residential Property Prices Expected To Climb In 2011

HONG KONG: Economists said Hong Kong’s residential property prices will continue to climb in 2011. This comes after property prices continued to hit record highs in 2010. But they do expect things to take a bit of a breather in … Continue reading

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