http://sg.news.yahoo.com/singapore-business/ Get the latest Business news headlines from Yahoo! News Singapore. Find breaking Business news, including analysis and opinion on top Business stories, photos and more. en-SG Copyright (c) 2013 Yahoo! Inc. All rights reserved Tue, 21 May 2013 16:18:52 +0800 5 http://sg.news.yahoo.com/singapore-business/ http://l.yimg.com/os/mit/media/m/index/img/Yahoo_logo_en-SG.gif Less than 50 of the 866 units which form part of the first phase of the Battersea Power Station project (pictured) in London remain for sale after the developer reported it has exchanged contracts with close to 95 percent of buyers - worth £675 million.http://sg.news.yahoo.com/battersea-sells-95-just-five-months-081852310.htmlTue, 21 May 2013 16:18:52 +0800Property Gurubattersea-sells-95-just-five-months-081852310With around 200 units still left unsold, property agents for Keppel Land's Reflections project (pictured) are worried that it will be difficult to rent out the remaining homes.http://sg.news.yahoo.com/200-units-reflections-project-still-unsold-050333560.htmlTue, 21 May 2013 13:03:33 +0800Property Guru200-units-reflections-project-still-unsold-050333560The government's recent cooling measures to moderate property prices are still not enough, according to 60 percent of the 662 online respondents in PropertyGuru's latest Property Sentiment Survey for the second quarter of 2012.http://sg.news.yahoo.com/govt-not-doing-enough-curb-soaring-house-prices-044821110.htmlTue, 21 May 2013 12:48:21 +0800Property Gurugovt-not-doing-enough-curb-soaring-house-prices-044821110Corals at Keppel Bay (pictured) sold 70 units at its preview over the weekend, with most of the buyers being Singaporeans and permanent residents (PRs).http://sg.news.yahoo.com/70-units-sold-preview-keppel-bay-condo-040322829.htmlTue, 21 May 2013 12:03:22 +0800Property Guru70-units-sold-preview-keppel-bay-condo-040322829For only the second time since June 2010, London homeowners believe the value of their homes went up in the last month, and they expect them to carry on rising over the next year.http://sg.news.yahoo.com/london-price-confidence-rising-032803035.htmlTue, 21 May 2013 11:28:03 +0800Property Gurulondon-price-confidence-rising-032803035Singapore-based boutique property firm Halcyon Real Estate has been acquired by Jones Lang LaSalle, further expanding the consultancy's presence in the local residential market.http://sg.news.yahoo.com/jones-lang-acquires-halcyon-real-estate-024337687.htmlTue, 21 May 2013 10:43:37 +0800Property Gurujones-lang-acquires-halcyon-real-estate-02433768712 unique villas at The Stairs Villa Hotel on the southern coast of Bali in Indonesia are up for sale, according to marketing agent Savills.http://sg.news.yahoo.com/luxury-villas-bali-put-sale-022323788.htmlTue, 21 May 2013 10:23:23 +0800Property Guruluxury-villas-bali-put-sale-022323788Thailand was the third most popular property destination in the world last month for overseas property searches on one of the UK's leading property portals.http://sg.news.yahoo.com/overseas-demand-thailand-surges-104147482.htmlMon, 20 May 2013 18:41:47 +0800Property Guruoverseas-demand-thailand-surges-104147482Copper Beech Farm (pictured), a 50 acre property with a 13,519 sq ft French renaissance mansion located in Greenwich, Connecticut, is set to become the most expensive house on sale in the US.http://sg.news.yahoo.com/connecticut-mansion-most-expensive-us-home-102702418.htmlMon, 20 May 2013 18:27:02 +0800Property Guruconnecticut-mansion-most-expensive-us-home-102702418By Gerald Tay (guest contributor) The success of my overseas property investments in the last three years is due to co-investing with trustworthy foreign partners, whom themselves have decades of property investment experience in that particular country both as a local and investor. I have never bought an overseas investment property from property seminars or [...]http://sg.news.yahoo.com/truth-buying-usa-investment-property-075710930.htmlMon, 20 May 2013 15:57:10 +0800Propwise.sgtruth-buying-usa-investment-property-075710930The mature estate of Hougang is moving away from being a mainly public housing enclave with the recent launch of new private housing developments, reported The Straits Times.http://sg.news.yahoo.com/hougangs-private-properties-hotting-064604238.htmlMon, 20 May 2013 14:46:04 +0800Property Guruhougangs-private-properties-hotting-064604238Swedish furniture giant IKEA has launched its first ever 25-hour Cook-off in Singapore with S$10,000 worth of cash and prizes up for grabs.http://sg.news.yahoo.com/ikea-launches-first-ever-cook-off-062023124.htmlMon, 20 May 2013 14:20:23 +0800Property Guruikea-launches-first-ever-cook-off-062023124The Miami Association of Realtors has launched a campaign to woo affluent Chinese property buyers and investors, and promote Miami (pictured) as a key market for investment.http://sg.news.yahoo.com/miami-woos-chinese-property-buyers-061020289.htmlMon, 20 May 2013 14:10:20 +0800Property Gurumiami-woos-chinese-property-buyers-061020289Four blocks of low-rise HDB flats (pictured) at the junction of East Coast Road and Siglap Road are set to be demolished under the Selective En Bloc Redevelopment Scheme (SERS), The Straits Times reported.http://sg.news.yahoo.com/old-siglap-flats-demolished-052950421.htmlMon, 20 May 2013 13:29:50 +0800Property Guruold-siglap-flats-demolished-052950421Indonesian buyers will get their first chance to take a closer look at one of London's prestigious prime properties at an event in Jakarta this week.http://sg.news.yahoo.com/london-property-launching-exhibition-jakarta-051828380.htmlMon, 20 May 2013 13:18:28 +0800Property Gurulondon-property-launching-exhibition-jakarta-051828380A three-storey corner terrace house (pictured) on a unique wedge-shaped site in Hougang is up for sale below the valuation price, reported The Straits Times. Offered on a 99-year lease and completed in 2002, the 6,813 sq ft property has remained unsold for the last 11 years due mainly to its odd shape. Aside from the land parcel, the rooms are also irregularly shaped.   The report added that one section of the house faces Hougang Avenue 2 with a catchment drain flanking the other side. A nearby overhead bridge looks directly into the second floor of the property. ...http://sg.news.yahoo.com/hougang-oddity-still-unsold-11-years-051043414.htmlMon, 20 May 2013 13:10:43 +0800Property Guruhougang-oddity-still-unsold-11-years-051043414Following the recent opening of Singapore's first Big Hotel along Middle Road, its owner ERC Holdings is looking to grow the brand further across the region.http://sg.news.yahoo.com/big-hotel-sets-sights-regional-expansion-043745073.htmlMon, 20 May 2013 12:37:45 +0800Property Gurubig-hotel-sets-sights-regional-expansion-043745073More than 1,700 households have applied for HDB's Enhancement for Active Seniors (EASE) scheme since it was piloted in July 2012, according to National Development Minister Khaw Boon Wan.http://sg.news.yahoo.com/elderly-hdb-residents-living-ease-034506165.htmlMon, 20 May 2013 11:45:06 +0800Property Guruelderly-hdb-residents-living-ease-034506165Although many Singaporeans have expressed concerns about the projected 6.9 million population growth by 2030, some construction firms are looking to capitalise on this hot-button issue to grow their business.http://sg.news.yahoo.com/construction-player-tap-6-9m-population-growth-101236078.htmlFri, 17 May 2013 18:12:36 +0800Property Guruconstruction-player-tap-6-9m-population-growth-101236078Following the grand opening of Marina Bay Financial Centre (MBFC) on Wednesday, the Marina Bay area is set to get more homes, offices and shops in the next few years, noted analysts. Several land parcels in the area have also not been developed yet.http://sg.news.yahoo.com/marina-bay-lot-livelier-094437092.htmlFri, 17 May 2013 17:44:37 +0800Property Gurumarina-bay-lot-livelier-094437092The first 100 units released for sale at Corals at Keppel Bay (pictured) will likely be sold from S$1,800 psf to S$3,000 psf, reported The Business Times.http://sg.news.yahoo.com/corals-keppel-bay-launches-preview-sales-090808583.htmlFri, 17 May 2013 17:08:08 +0800Property Gurucorals-keppel-bay-launches-preview-sales-090808583The 49-room Berjaya Hotel at Duxton Road (pictured) has been sold for S$50 million, or slightly more than S$1.02 million per room, The Business Times reported.http://sg.news.yahoo.com/boutique-hotel-duxton-rd-sold-50m-042928403.htmlFri, 17 May 2013 12:29:28 +0800Property Guruboutique-hotel-duxton-rd-sold-50m-042928403The tender for the S$300 million bungalow (pictured) at 33 Nassim Road closed yesterday with no confirmation on a buyer, reported The Straits Times.http://sg.news.yahoo.com/still-no-confirmed-buyer-300m-bungalow-041107891.htmlFri, 17 May 2013 12:11:07 +0800Property Gurustill-no-confirmed-buyer-300m-bungalow-041107891UOB Plaza 1 (pictured), one of the tallest buildings in Singapore at 66-storeys high, is going green with a new air-conditioning and mechanical ventilation system.http://sg.news.yahoo.com/uob-plaza-adopts-eco-friendly-air-system-032135291.htmlFri, 17 May 2013 11:21:35 +0800Property Guruuob-plaza-adopts-eco-friendly-air-system-032135291By Andrew Batt:The widely predicted influx of foreign property buyers and investors into Vietnam's capital city following a relaxation of foreign ownership regulations has failed to materialise – at least for now.One week after the Hanoi People's Committee agreed to grant certificates of land-use rights and houseownership to overseas Vietnamese and foreign home buyers, there has been no response according to local real estate agencies. ...http://sg.news.yahoo.com/no-foreign-rush-buy-hanoi-023708812.htmlFri, 17 May 2013 10:37:08 +0800Property Guruno-foreign-rush-buy-hanoi-023708812The Ascott Limited (Ascott) continues to grow its presence in China after securing contracts to manage two new serviced residences in Wuxi – Ascott Central Wuxi (pictured) and Somerset Wuxi — both expected to open in 2015.http://sg.news.yahoo.com/ascott-manage-serviced-apartments-wuxias-095933118.htmlFri, 17 May 2013 10:30:55 +0800Property Guruascott-manage-serviced-apartments-wuxias-095933118Property experts expect average home prices in China to grow by three to eight percent this year as sales volume climbs 5.6 percent.http://sg.news.yahoo.com/china-home-prices-may-rise-8-022250657.htmlFri, 17 May 2013 10:22:50 +0800Property Guruchina-home-prices-may-rise-8-022250657In a recent blog post, the Ministry of Manpower (MOM) revealed that 300 site inspections were carried out over the last four months in an effort to curb unacceptable living conditions among foreign workers.http://sg.news.yahoo.com/govt-gets-tough-living-conditions-foreign-workers-083034455.htmlThu, 16 May 2013 16:30:34 +0800Property Gurugovt-gets-tough-living-conditions-foreign-workers-083034455Stratum (pictured), a near residential development along Elias Road in Pasir Ris will be launched this Saturday (18 May).http://sg.news.yahoo.com/condo-launching-pasir-ris-price-likely-900-psf-075420334.htmlThu, 16 May 2013 15:54:20 +0800Property Gurucondo-launching-pasir-ris-price-likely-900-psf-075420334Singapore's financial sector needs to attract more high-quality investments to help create more jobs.http://sg.news.yahoo.com/marina-bay-great-push-finance-industry-074143780.htmlThu, 16 May 2013 15:41:43 +0800Property Gurumarina-bay-great-push-finance-industry-074143780HDB's recent initiative to help married couples with children below 16 years own a home is reportedly doing well.  More than 12,000 first-timer households under the Parenthood Priority Scheme (PPS) took up 32 percent of the 3,898 Build-to-Order (BTO) flats offered in the non-mature estates of Punggol, Sengkang and Bukit Batok during the recent launch in March.  PPS applicants had also applied for 30 percent of flats offered in non-mature estates back in January. ...http://sg.news.yahoo.com/hdb-priority-scheme-hit-married-couples-045818172.htmlThu, 16 May 2013 12:58:18 +0800Property Guruhdb-priority-scheme-hit-married-couples-045818172The drop in private home sales in Q1 2013 was a result of the tough property cooling measures introduced in January, according to Jones Lang LaSalle.http://sg.news.yahoo.com/foreign-demand-spore-homes-falls-lowest-since-global-042812521.htmlThu, 16 May 2013 12:28:12 +0800Property Guruforeign-demand-spore-homes-falls-lowest-since-global-042812521Marina Bay Financial Centre (MBFC), the largest integrated development in Singapore's CBD was officially opened by Prime Minister Lee Hsien Loong on Wednesday.http://sg.news.yahoo.com/mbfc-devt-sees-grand-opening-032504169.htmlThu, 16 May 2013 11:25:04 +0800Property Gurumbfc-devt-sees-grand-opening-032504169Koh Brothers Group has reported an increase in Q1 net profit attributable to equity holders of S$3.3 million due to higher contributions from its property business.http://sg.news.yahoo.com/koh-brothers-enjoys-profit-revenue-surge-025918957.htmlThu, 16 May 2013 10:59:18 +0800Property Gurukoh-brothers-enjoys-profit-revenue-surge-025918957JTC Corporation has cut its allocation of prepared industrial land (PIL) by 51 percent quarter-on-quarter to 29.8ha in the first three months of 2013.http://sg.news.yahoo.com/jtc-corps-industrial-land-allocation-down-51-101847270.htmlWed, 15 May 2013 18:18:47 +0800Property Gurujtc-corps-industrial-land-allocation-down-51-101847270Mapletree Investments posted a 49 percent increase in its profit after tax and minority interests (PATMI) for the financial year ended 31 March 2013, due to a broad-based increase in recurring core PATMI, investment and other gains, and revaluation gains of its investment properties.http://sg.news.yahoo.com/mapletree-reports-49-profit-jump-082828871.htmlWed, 15 May 2013 16:28:28 +0800Property Gurumapletree-reports-49-profit-jump-082828871New private home sales for April 2013 dropped more than 50 percent from the previous month to reach 1,375 units, according to data released by the Urban Redevelopment Authority (URA).http://sg.news.yahoo.com/drastic-drop-april-home-sales-055332593.htmlWed, 15 May 2013 15:52:13 +0800Property Gurudrastic-drop-april-home-sales-055332593The URA and HDB will release five residential sites this month under the Government Land Sales (GLS) Programme for the first half of 2013.http://sg.news.yahoo.com/govt-releases-5-more-sites-sale-may-073946599.htmlWed, 15 May 2013 15:39:46 +0800Property Gurugovt-releases-5-more-sites-sale-may-073946599Thailand-based developer Laguna Property will showcase Laguna Shores, a resort development in Phuket at the Investment Property Showcase at Fairmont Singapore this weekend (18-19 May).http://sg.news.yahoo.com/laguna-shores-phuket-apartments-spore-debut-020328963.htmlWed, 15 May 2013 14:52:09 +0800Property Gurulaguna-shores-phuket-apartments-spore-debut-020328963ABR Properties, an entity controlled by GIC Real Estate – the property division of the Government of Singapore Investment Corporation, has acquired the Arizona Biltmore Resort & Spa in the US (pictured), according to reports.  The 84-year old property was reportedly bought in February, although the price wasn't disclosed due to a court order.  The 740-room resort is one of three major resorts that a US bankruptcy court has allowed GIC to buy, along with the Grand Wailea Resort Hotel & Spa in Hawaii and La Quinta Resort & Club in Palm Springs, California. ...http://sg.news.yahoo.com/us-resort-sold-arm-singapore-govt-055524370.htmlWed, 15 May 2013 13:55:24 +0800Property Guruus-resort-sold-arm-singapore-govt-055524370