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Archive for the ‘Business’ Category
SG no home for luxury developers as cooling measures bite

SG no home for luxury developers as cooling measures bite

(17 April)   Luxury property developers in Singapore are facing their worst sales outlook in six years as a raft of government measures to cool one of the world's most expensive real estate markets bite. Sales of private homes, which account for just under one-fifth of the total property market, fell to their lowest in more... 

Temasek invests $150M in Nigerian energy company

Temasek invests $150M in Nigerian energy company

(16 April)   The second major acquisition in Africa by Temasek Holdings Pte or one of its units in six months shows the growing interest in a continent where many countries are expanding faster then developed markets. Singapore’s state-owned investment company will buy a stake in Seven Energy International Ltd. for $150... 

Singapore’s property market in a standoff

Singapore’s property market in a standoff

(15 April)   Singapore's property market has entered a standoff between bargain-seeking buyers and developers sticking to their pricing guns, with March's new home sales dropping 83 percent from a year earlier. "Buyers think they can have their cake and eat it," said Alan Cheong, senior director for Singapore at Savills Research.... 



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