News

Property Price Index (PPI) showed that the overall price level in Singapore’s private residential property market reached 194.8 points in 1Q11.

3G subscribers currently account for 66% of total mobile subscribers,up from 47% in just a year.

Housing loans growth falls sharply to just 1% in February, but could start contracting, warns DBS.

Additional cross border bus services between Singapore and Iskandar Malaysia have been approved and are being implemented.

Tests done on shipments imported on 30 Mar 2011 showed contaminants were found in a sample of Komatsuna (Japanse Mustard Spinach).

Its partner, Mitsubishi Estate Asia, will take 25% interest to develop condominium site at Bishan Street.

The company will sell its share to Midea for an after tax net proceed of approximately $52.6mn.

The Nordic bank selected SGX as its first Asian exchange membership as the continent is becoming more essential to the latter’s core corporate and institutional clients.

But sales activities at auction seen to accelerate in 2Q 2011 as fuelled by diverted investors’ interest from residential properties to commercial and industrial properties.

EXCLUSIVE: SDB Pte’s “Okio Residences” at Balestier and Allgreen Properties’ “Skysuites” at Anson, which at 72 stories is the highest residentail condo in Singapore, will open this Saturday April 2.

On a month-on-month basis, Singapore bank lending rose 1.6% last month.

International visitor arrivals (IVA) to Singapore registered 15.4% year-on-year growth in February 2011 to 990,000.

With a few major leasing deals concluded as well as the exit of an anchor tenant along Orchard Road, the retail leasing market gave mixed signals in 1Q11.

Of the 54 units sold to date in 1Q 2011 for top end properties 31% of them were bought by Chinese, the largest among foreign buyers.

But CBRE warns that rental growth may be slowing as occupiers digest the significant expansion space taken up last year.

The CFO and Executive Vice President's resignation is the fourth senior level departure since last November.