Business Times: CapitaLand to launch freehold condo soon

CAPITALAND plans to launch in the second half of this year a freehold condo – Urban Resort – with about 70 units on the Silver Tower site in Cairnhill. The average price is expected to be above S$3,000 psf, CapitaLand Residential Singapore CEO Patricia Chia told reporters after the group announced second-quarter results.
CapitaLand has also [...]

Business Times: Private home rents may wobble but won’t crash

Fears of their decline next year may be somewhat exaggerated
By UMA SHANKARI
(SINGAPORE) Recent media reports predicting that private home rents will take a steep dive next year are certainly alarming. But a closer look at the numbers suggests that they may not take such a beating after all.
Last week, CB Richard Ellis (CBRE) said [...]

CNA: Weak dollar, tax rebates bolster US economic growth

WASHINGTON: A boom in exports and tax rebates to tens of millions of Americans helped bolster US economic growth to an annualised 1.9 percent during the second quarter, a government report showed on Thursday.
The Commerce Department said that gross domestic product (GDP) growth accelerated from a revised 0.9 percent pace during the first quarter.
Although US [...]