Lion city not ready to lift cooling measures
Despite pressure from consumers, The Monetary Authority of Singapore (MAS) believes that it is still too early for the government to consider lifting the stringent property cooling measures currently in place. According to local news reports from the Island Republic, the managing director of MAS Ravi Menon said the... Read more
Progress spells pain for Johor fishing community
BY Chris Prasad The multi-billion ringgit Forest City development, taking shape on reclaimed land off the southern coast of Malaysia and close to Singapore, has generated plenty of international attention – but not all of it good. The RM169.26 billion futuristic “eco-city” promises a vibrant landscape of high-rises and... Read more
UOB puts London loans on ice after Brexit
 In yet another sign of the far-reaching consequences of Brexit, United Overseas Bank (UOB), Singapore’s No. 3 lender, became the first bank in the city-state to suspend its loans programme for London properties. According to a report by Reuters, the move was made in the wake of uncertainties brought... Read more
Forest City to spur Johor market
BY Kent tan Forest City, the multi-billion ringgit mixed development by Country Garden Holdings, a prominent developer from China, is expected to give a much needed boost to the local flagging market condition. Featuring four man-made islands, Forest City is Country Garden’s largest real estate project outside China. It... Read more