Monthly Archives: January 2011

China’s First Property Taxes Kick In

SHANGHAI: China’s long-awaited first property taxes took effect on Friday in Shanghai and the mega-city of Chongqing in the southwest, as the country tries to reform its booming real estate market. People buying higher-end second homes in Shanghai, China’s wealthiest … Continue reading

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Prices Of Completed Non-Landed Homes Up 11.9% In 2010: SRPI

SINGAPORE: Prices of completed homes increased by 11.9 per cent for year 2010. As for month-on-month increase in December, prices grew 0.9 per cent overall. This is according to the latest National University of Singapore (NUS) Singapore Residential Price Index … Continue reading

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India Hikes Rates Again To Combat Inflation

MUMBAI: India’s central bank on Tuesday hiked interest rates by 25 basis points, its seventh increase in less than 12 months in a bid to tame rising inflation as the country’s economy booms. The Reserve Bank of India has been … Continue reading

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New Housing Guidelines Developed For Tianjin Eco-City

TIANJIN, China: New housing guidelines have been developed for the Tianjin Eco-city, which is a joint collaboration between China and Singapore. Under the new framework, at least 20 per cent of residential units will be set aside for public housing. … Continue reading

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China Data Spark Fear Of Further Tightening Measures

BEIJING: China said Thursday that its economy grew 10.3 per cent in 2010, marking the fastest annual pace since the onset of the global crisis, but concerns about persistent inflation sent Asian markets tumbling. The data has fuelled expectations for … Continue reading

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Residents, Properties To Be Affected By New Expressway

SINGAPORE: The North-South Expressway is good news for motorists but not so for some residents and establishments whose buildings will be affected by the development. Residents who have been affected by the development said they want more lead time to … Continue reading

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Ying Mansions And Villa D’Este Up For Sale

SINGAPORE: Two properties, Ying Mansions at 25 Robin Road and Villa D’Este on Dalvey Road, are up for sale. Ying Mansions is an 8-unit development with a gross floor area of 55,000 square feet. Marketing agent CB Richard Ellis (CBRE) … Continue reading

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Property Curbs Are Calibrated, Targeted And Pre-emptive

SINGAPORE: National Development Minister Mah Bow Tan said the latest property cooling measures were not meant to crash the market. He described them as “calibrated”, “targeted” and “pre-emptive”. Mr Mah was speaking to reporters at a community event on Saturday. … Continue reading

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US Foreclosures Hit Record 2.9m In 2010: Analyst

WASHINGTON: Banks moved to repossess a record 2.87 million US homes in 2010 as the two-year-old mortgage crisis continued to weigh heavily on the economy, foreclosure specialist RealtyTrac said. Foreclosures hit 2.23 per cent of all housing units in the … Continue reading

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More Property Market Measures Announced

SINGAPORE: The government has announced more measures to maintain a stable and sustainable property market. From Friday, the holding period for imposition of Seller’s Stamp Duty (SSD) will be raised to four years from the current three. The following  SSD … Continue reading

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