News

Although Singapore’s Q3 GDP growth slowed to 10.6% y-o-y and contracted by 18.7% q-o-q SAAR, the bank says the plunge was expected and should not be a cause for concern.

The latest all-property Fair Value Index revealed that while Singapore remains a hot market for investors, Hong Kong is not, moving from hot to cold in Q3.

With prices for Yishun Greenwalk units range from 20% cheaper for 5-room flats to 40% cheaper for the 3-room flats—as compared to HDB’s 3Q10 median resale prices for a Yishun—the real estate agency believes the BTO project will be a hit with first-timers and young couples.

Asian office rents up 3.2% in the third quarter, confirming the recovery of region’s office demand.

Offer attracts total applications amounting to more than S$1.8bln behind strong retail demand.

The cash flow from properties backing Singaporean CMBS has been strong, an ongoing trend thus far in 2010. Accordingly, there are no Moody’s rating implications on outstanding transactions.

The bank is keeping its 4-5% growth prediction for the economy even as it revised its 3Q GDP growth to 10.6% yoy (-18.7% qoq), versus advance estimate of 10.3% yoy (-19.8% qoq).

Output in September rose by a solid 26.2% YoY on account of the rebound in pharmaceutical production although the final 3Q10 GDP growth saw the economy contracted by 18.7% QoQ saar (10.6% YoY).

Branch to meet increasing demand for banking services as companies expand in Vietnam and across Asia.

Global investors’ shift of interest to Asian developing nations and India’s position to become the third largest economy by 2050 prompted the team-up.

Sales of motor vehicles continue to tumble as the industry posted a 17.4% y-o-y decline in September due to the short supply of certificates of entitlement.

Well-equipped 650,000 sq.ft. yard in the US allows the company to expand engineering activities in the West.

The company advises customers to post their items earlier, especially on holiday season.

Profit attributable to equity holders rose from RM4.5 million to RM66.2 million due to increasing demand in dairy products from Malaysia, Vietnam and the Philippines.

PPL Shipyard will sell a jack-up rig, already under construction, to the world’s largest drilling contractor leading provider of drilling management services worldwide.

Core central region led sooner-than-expected sales recovery, following a 27% fall after 15 September 09.