The Business Times
Wednesday, 23 July, 2014    LOGIN TO BTINVEST


A Personal Finance and Investment Arm of The Business Times


  • Delisting not on the cards for Wing Tai

    WING Tai Holdings will not be doing an SC Global. It won't take the delisting route, declares chairman Cheng Wai Keung, as a way out from rules requiring the company to dispose of all units in its...

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  • Ease ABSD for Singaporeans, urges Wing Tai boss

    [SINGAPORE] Wing Tai chairman Cheng Wai Keung has a solution for the property sector's angst over the ABSD (additional buyer's stamp duty): "Keep ABSD for foreign buyers but fine-tune it for...

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  • UK buy-to-let investors warned of mayhem

    [LONDON] Shahram Kordestani, who owns seven UK rental homes, has advice for investors eager to join the swelling ranks of landlords: Do so at your peril.

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  • Sydney set for biggest hotel boom since 2000

    [SYDNEY] Fourteen years after the last major hotel opened in Sydney's centre, 42 developers are competing to turn a pair of century-old government office buildings into accommodations as demand soars.

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  • Spring Grove up for en bloc sale at $1.39b

    SPRING Grove condominium in the prime Grange Road area has officially been launched for sale by tender with an asking price of more than $1.39 billion.

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  • China's June home sales up 33% on price cuts

    [SHANGHAI] China's home sales rose 33 per cent in June from the previous month as price cuts by developers lured buyers.

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  • Chinese homebuyers fuelling US foreign sales

    [LOS ANGELES] Henry Nunez, a real estate agent in Arcadia, California, met with so many homebuyers from China that he bought a Mandarin-English translation app for his phone.

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  • Shophouse prices fall as demand weakens

    PRICES of shophouses here have started to see resistance from the market, said a report from Knight Frank, which noted an increasing mismatch between sellers' high asking prices and prices that...

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  • Higher returns as SPH Reit beats forecasts


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  • HDB resale prices dip 0.6% in June to hit a two-year low

    HDB RESALE prices continued to slip for the fifth consecutive month, registering a 0.6 per cent dip in June from May and marking a fresh two-year low since April 2012.

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  • NY landlords fight tenants in buyout battle

    [NEW YORK] The first offer from the landlord's representative came in April: take US$90,000 to move out, the tenants said they were told, or the landlord would sue and they would lose their...

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  • Reit leads US$700m deal for St Regis stores

    [NEW YORK] Vornado Realty Trust is leading a partnership to buy the retail portion of the St Regis Hotel on Manhattan's Fifth Avenue for about US$700 million, gaining space on one of the world's...

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  • Low Keng Huat buys remaining 36 units at Balestier Towers

    LOW Keng Huat (Singapore), which last August acquired 15 commercial units and an apartment at Balestier Towers for nearly $77.4 million, yesterday exercised options to purchase the balance 36 units...

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  • Brewer SABMiller to divest US$1.1b stake

    [LONDON] SABMiller plc said it will sell a US$1.09 billion stake in South African hotel and casino operator Tsogo Sun Holdings Ltd as the world's second-biggest brewer looks to bolster beverage...

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  • Savills appoints MD for investment sales

    [SINGAPORE] Global real estate provider Savills has announced the promotion of Steven Ming, its deputy managing director and head of investment sales, to managing director of investment sales and...

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  • Strata-titled space beside HDB Hub for sale at $65m

    [SINGAPORE] A row of prime heartland retail shops in Toa Payoh Central is up for sale by tender at an indicative price of $65 million, which works out to an average of about $11,245 per sq ft (psf...

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  • Swiss property, equity markets still at risk

    [ZURICH] Switzerland's property and equity markets are still at risk of instability due to the low interest rate environment, a board member of the Swiss central bank said in a newspaper interview...

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  • Anson House sold for $172m to European fund manager SEB

    ANSON House was transacted earlier this week at $172 million, BT understands.

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  • Jokowi to lift ban on foreign ownership of apartments if elected


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  • Mapletree's Viet mall evokes strong response

    [SINGAPORE] Mapletree Investments' first shopping mall in Vietnam has attained pre-leasing commitment for more than half its net lettable area (NLA), way ahead of its scheduled opening in the first...

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