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Listed developer, Oxley Module Pte Ltd will showcase its latest property, tagged as “the Gem of the East” tomorrow, May 25.

75 out of the 141 residential units of “Foresta” were snapped up during the first private preview on May 11, according to the property’s developer Hoi Hup.

After a mobile service outage afftected some M1 users on Wedneday, May 18, some customers of Starhub also found themselves early yesterday unable to connect to the Internet.

A major mobile service outage affected some M1 users here yesterday, May 18, but full restoration was already made overnight, according to M1. Complaints from some user however still flood Twitter trends. 

Commodities are the reason why the Chinese Renminbi (RMB) scheme is going global and the connection is Singapore, according to the Standard Chartered Bank (SCB).

Three new condominiums are launching this week starting with BS Capital’s “Interweave” at Kim Keat, to be followed by Endo Properties’ “Viento” at Geylang and MCL Land’s Terasse at Hougang.

EXCLUSIVE: 30 out of the 56 residential units have been sold, according to the property developer’s Assistant Manager for Admin/Property Lilian Chan.

The amount intended for expansionary plans over the next five years is by far the largest investment commitment the privately-held global conglomerate headquartered in Singapore has ever made, according to the management.

The “Foresta” at Mount Faber, a five- storey development with 141 residential flats, opens on Wednesday, May 11.

EXCLUSIVE: The British bank plans to replicate in Singapore the success of its Hong Kong branch in offering Yuan (CNY) or Remninbi (RMB) deposit products amid rosy growth prospects for China and expectation of its currency revaluation.

The “The Peak” at Cairnhill, a joint project by the TG Development and TEE Development and the “Auralis” at East Coast by the Sino Tac Holdings are the first new condominiums showcasing for the month of May.

EXCLUSIVE: The first batch of the 20 orders of Boeing 787 Dreamliner by the national airline of Singapore will no longer be expected this year as originally scheduled due to the manufacturer’s production technicalities. Deployment of the 20 Airbus A350-900 XWB aircrafts was likewise postponed to 2013 instead of next year, according to the management of Singapore Airlines (SIA).

EXCLUSIVE: MayBank (Malayan Bank) Singapore will join the race amongst banks to offer Yuan-denominated financial products amid growing appetite for the Chinese currency.

The slower y-o-y growth for the Q2 compared to the 8.5% in Q1 is partly due to a strong base year and a volatile production that spells downtrend in technology and pharmaceutical sectors – a common scenario after a strong quarter says Moody’s Analytics.

These are the last batch of new condominium launching this month as developers take advantage of the still favourable market.

8 Coutyards at Yishun, a joint development by Frasers Centrepoint Homes and Far East Organization, previewed last Saturday, April 16 with 202 units sold out of the 280 units released at an average selling price of $795 psf.