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Tuan Sing Q2 profit drops 24%, revenue down 31%
Tuan Sing Q2 profit drops 24%, revenue down 31%

The Business Times -
31 Jul 2014

It is upbeat on achieving better FY14 operational performance


Industrial land being released by JTC won't affect us: Aims AMP trust
Industrial land being released by JTC won't affect us: Aims AMP trust

The Business Times -
31 Jul 2014

THE large supply of industrial land and space that JTC Corporation ...


Global Premium Hotels Q2 profit down 22.2%
Global Premium Hotels Q2 profit down 22.2%

The Business Times -
31 Jul 2014

GLOBAL Premium Hotels Limited yesterday said that its net profit fo...



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Home price rise reflects demand, not a bubble: DBS

Price rise reflects people genuinely buying homes to upgrade and move into

The Business Times - January 13, 2010
By: Conrad Tan

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Home price rise reflects demand, not a bubble: DBS

THE recent sharp rise in private home prices here is not yet indicative of a bubble and prices could increase further, DBS Group research head Timothy Wong said yesterday.

'In the mass market, what you are seeing is real end-user demand that is catching up,' he told reporters at a briefing to present the group's economic outlook and investment strategy for the year.

'If you look at affordability levels, the average cost to service a mortgage taken against the median wage is about 30 per cent, which is fairly stable. When it moves up to 50 per cent, you know you have a bubble forming.

'So we're not really at a bubble stage yet. I think the last time we had a major bubble was probably in 1995-96, when queues were forming outside showflats and people were buying three or four properties at one go.

'This time, it's more circumspect - there are some speculators out there, but by and large people are genuinely buying homes to upgrade and move into,' Mr Wong said.

'Rental yields have come down, because they were exceptionally high at about 4-5 per cent, now they're about 3-3.5 per cent. If they got down to one per cent, I would say that represents a bubble.'

The group's research team expects high-end private home prices here to rise a further 10-15 per cent this year, while mid-tier home prices are expected to rise 5-10 per cent. It expects any increase in the price of mass-market private homes and public housing to be relatively muted.

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Seletar Mall more than 90% leased

Seletar Mall more than 90% leased

The Business Times - 29 Jul 2014

Set to open in Nov, it will house Shaw Theatres, FairPrice Finest, Uniqlo, BHG


Resale prices of public housing in Singapore fall in Q2: HDB

Resale prices of public housing in Singapore fall in Q2: HDB

The Business Times - 25 Jul 2014

RESALE prices of public housing in Singapore fell 1.4 per cent in the second quarter compared to the preceding quarter, final resale price index released by the HDB showed on Friday.


Private home prices in Singapore continue to fall in Q2: URA

Private home prices in Singapore continue to fall in Q2: URA

The Business Times - 25 Jul 2014

URBAN Redevelopment Authority's official private home price index fell one per cent in the second quarter of this year compared with the first quarter.

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Fund said to be selling Grange Infinite units

The Business Times - January 12, 2010

By: Emilyn Yap