Business Times

HERE’S a scenario. You buy a pre-construction apartment and start paying the mortgage before it’s complete. The developer halts the project, has defaulted on its debt, and it looks like the property may never get built. You hear of buyers elsewhere who have stopped making their loan payments; the government has stepped in to ensure the builders have money and is considering giving mortgage borrowers a...

PROPERTY developer Chip Eng Seng is terminating its sale contracts with purchasers of units in 28 Lyall South Perth, a proposed mixed-use development in Western Australia by the group’s 70 per cent-owned joint venture (JV) subsidiary.  The Business Times - Read...

THE Economic Development Board (EDB) and Infocomm Media Development Authority (IMDA) have announced that they have launched a pilot data centre call-for-application exercise, with criteria aimed at ensuring the “calibrated and sustainable growth” of data centres in Singapore. The Business Times - Read...

WITH rising interest rates, inflationary pressures and much hand-wringing over the health of economies, some heat is coming off red-hot property markets, many of which have seen double digit price growths since the last quarter of 2019. The Business Times - Read...

Property players are more cautious about market outlook in the next 6 months to a year ahead in anticipation of various global economic uncertainties, according to a survey by the National University of Singapore’s Institute of Real Estate and Urban Studies (IREUS). The Business Times - Read...

Sustainability has been a focal point of businesses for more than a decade, but often companies consider it as a nice to have measure and for years it did not foster any major change to business practices.  The Business Times - Read...

WITH rising interest rates, inflationary pressures and much hand-wringing over the health of economies, some heat is coming off red-hot property markets, many of which have seen double digit price growths since the last quarter of 2019. The Business Times - Read...

Total property investment sales in Singapore dropped 36.9 per cent in the second quarter to S$6.8 billion as sales fell for all asset classes from a high base in Q1, according to a report from real estate consultancy Colliers. The Business Times - Read...

MORE green spaces will be added along the eastern part of the Keppel Club redevelopment site to provide an alternative connection for birds, said National Development Minister Desmond Lee in a Facebook post on Wednesday (Jul 20). The Business Times - Read...

THE industrial sector is expected to “continue doing well” on the back of manufacturing growth, a report from National University of Singapore’s Institute of Real Estate and Urban Studies (IREUS) said. The Business Times - Read...