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Thread: West Coast condo site awarded to Cheung Kong-linked firm

  1. #151
    Unregistered Guest

    Default Re: West Coast condo site awarded to Cheung Kong-linked firm

    Quote Originally Posted by Unregistered
    What is this hbytre?
    Must be an idiot!

  2. #152
    Unregistered Guest

    Thumbs up Re: West Coast condo site awarded to Cheung Kong-linked firm

    Quote Originally Posted by Unregistered
    You lucky bastard.
    Some more Jurong District is also not very far.
    My fengshui master was right. Huat ah!!! Huat Ah!!! Huat Ah!!!

  3. #153
    Unregistered Guest

    Default Re: West Coast condo site awarded to Cheung Kong-linked firm

    Quote Originally Posted by Unregistered
    This is a new high for this area.
    will go higher

  4. #154
    Unregistered Guest

    Default Re: West Coast condo site awarded to Cheung Kong-linked firm

    Quote Originally Posted by Unregistered
    What is this hbytre?
    Quote Originally Posted by Unregistered
    Must be an idiot!
    Why never erase his posting?

  5. #155
    Unregistered Guest

    Default Re: West Coast condo site awarded to Cheung Kong-linked firm

    Quote Originally Posted by Unregistered
    will go higher
    Cheong ah! Huat ah!

  6. #156
    Unregistered Guest

    Default Re: West Coast condo site awarded to Cheung Kong-linked firm

    Quote Originally Posted by toaler
    SINGAPORE : Billion Rise - a company believed to be linked to Hong Kong property giant Cheung Kong Holdings - has put in the top bid of S$110.4 million for a residential site at West Coast Crescent.

    This works out to S$305 per square foot per plot ratio for the 99-year leasehold parcel.

    Analysts expect a break-even price of between S$680 and S$720 per square foot for a new condominium on the site. The units are expected to be marketed at around S$800 per square foot.

    The next highest offer of S$108.9 million came from Tian Hock Properties, and the lowest bid was S$50 million from Scantech Development.

    All in, the Urban Redevelopment Authority received 12 offers for the land parcel.

    Consultant CB Richard Ellis said the strong response signals developers' confidence in the suburban segment despite the current lukewarm response to new projects.

    Consultant Knight Frank expects the new condominium to yield about 300 units.

    It believes the high level of interest for the site is because it is close to schools and has a good view of Clementi Park, West Coast Park and the sea.

    The site spans 12,000 square metres and has a maximum permissible gross floor area of 33,600 square metres. This means that the proposed condominium could be built up to about 36 storeys.

    The winner of the award is expected to be announced after the bids have been reviewed. - CNA/ms
    Is this the tender that has once again reconvinced Citibank that Singapore ppty will remain robust for the coming period?

  7. #157
    Unregistered Guest

    Default Re: West Coast condo site awarded to Cheung Kong-linked firm

    Quote Originally Posted by Thomson Financial

    Singapore's Q1 GDP growth beats forecast on strong manufacturing sector
    Thomson Financial
    Singapore
    Thursday, 10 April 2008, 02:44 GMT

    Singapore's economy expanded at a forecast-beating 7.2% in the first quarter from a year earlier, led by a double-digit rebound in manufacturing, advance estimates by the Ministry of Trade and Industry (MIT) showed Thursday.

    Economists polled by Thomson Financial were expecting an average 6.4% rise in the first quarter, with forecasts ranging from 5.2% to 7.8%. Growth in the fourth quarter was at 5.4%.

    Seasonally adjusted, growth was much more robust at 16.9%, rebounding from the fourth quarter's 4.8% contraction, the ministry said.

    "This was line with expectations of a rebound after weakness in the fourth quarter, which has been concentrated in manufacturing. They were assuming healthy manufacturing numbers in March but this does not alter the basic story [that there will be] moderation in growth in 2008," said David Cohen, chief economist at Action Economics.

    The advance estimates by the ministry were based on available economic data for the first two months of the quarter.

    According to the estimates, the manufacturing sector expanded by 13.2% in the first quarter from a year ago, sharply higher than the 0.2% growth in the fourth quarter, with biomedical output recovering from a slump.

    "The rest of the manufacturing clusters also enjoyed a better performance in the first quarter, with the exception of the transport engineering and precision engineering clusters, where growth moderated," the government said.

    Activity in the construction sector gained pace to double-digit levels but is expected to moderate from the strong fourth quarter.

    The construction sector expanded by 14.6%, compared with 24.3% growth in the fourth quarter.

    Growth in service industries continued to expand, led by financial services, but may have slightly moderated to 7.6% from 7.7% in the fourth quarter based on MTI's estimates.

    The strong GDP numbers provided the Monetary Authority of Singapore (MAS), the city-state's de facto central bank, the leeway to tighten its foreign exchange policy to tackle soaring inflation.

    The consumer price index (CPI) in Singapore was up 6.6% in January, a 25-year high, with just a slight moderation to 6.5% in February.

    The MAS said on Thursday it is re-centering its policy band at the current strong level of the Singapore dollar nominal effective exchange rate (NEER).

    "They [MAS] seem like they are pretty confident that things are holding up nicely," said Cohen.

    The MAS is still predicting GDP growth this year of between 4% and 6%, although growth is expected to ease in the next few quarters, while inflation is expected to be at the upper end of the central bank's forecast range of 4.5% to 5.5%.

    "The [economic] outlook is still dependent on the global picture, which remains uncertain. Everyone is still nervous about the U.S. economy and how much it will drag down global demand," said Cohen.
    Cheong ah!

  8. #158
    Unregistered Guest

    Default Re: West Coast condo site awarded to Cheung Kong-linked firm

    Sing dollar going up. That's good for cash. Can start to look at properties in London and New York.

  9. #159
    Unregistered Guest

    Default Re: West Coast condo site awarded to Cheung Kong-linked firm

    Quote Originally Posted by Unregistered
    Sing dollar going up. That's good for cash. Can start to look at properties in London and New York.
    While foreigners look for properties in Singapore to park their money due to the forecasted rise of the SGD.

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