
COV for HDB resale flats falls below $10K
According to flash estimates revealed by the Singapore Real Estate Exchange (SRX) today (5 Dec), the average cash-over-valuation (COV) for HDB resale flats dropped to $8,000 in November 2013. This is the first time COV has fallen below $10,000 since July 2009. It has been falling since September 2013. In some cases, HDB flats...

Yet another PRC arrested for ‘trespassing’ atop a crane
PRC man atop a crane (Photo: Wanbao) PRC Zhang Huanjun, 34, was arrested on Tuesday (3 Dec). He had stayed atop a crane at a West Coast construction site for about 3 hours. According to the Ministry of Manpower (MOM), Mr Zhang had an "ongoing salary dispute with his employer". He later climbed down after his employer had agreed...

Survey: S’poreans are major users of social media
A global survey of social habits of consumers in 65 countries finds that people in Singapore and the rest of Asia are major users of social media. UM, a division of IPG Mediabrands, conducts the "Wave" survey every year with the objective to capture the trends that define social media. Now in its 7th year, Wave represents more...
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