Monthly Archives: July 2009

Speculation creeping back into market: Mah

Posted on 30 Jul 2009 | Comments Off on Speculation creeping back into market: Mah

Govt will act if housing market overheats; supply pipeline is strong

Speculation is trickling back into the property market and the government is watching the situation closely, National Development Minister Mah Bow Tan said yesterday.

The authorities will take action should the market overheat but home seekers should also be careful about making purchases, he underlined.

‘I wouldn’t say that there is excessive speculation at the moment but there is some element of speculation involved,’ Mr Mah told the press after the topping-out ceremony for Tower One at Marina Bay Financial Centre (MBFC).

‘Some of the practices and habits that you saw in the last property boom are beginning to come back.’ Continue reading →

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Posted in New Launches, Property Market / Real Estate

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MBFC: New financial centre reaches a milestone

Posted on 30 Jul 2009 | Comments Off on MBFC: New financial centre reaches a milestone

THE first of three towers at the Marina Bay Financial Centre (MBFC) was topped out yesterday, marking a key step in the giant project’s progress.

Topping out occurs when the last steel beam is placed at the top of a building – an event that often calls for a celebration.

Yesterday’s ceremony involved a 1.3-tonne beam bearing signatures of the major players – including key tenants, the joint venture partners and National Development Minister Mah Bow Tan – hoisted to the 33rd floor.

Mr Mah, who was the guest of honour, said the occasion was a milestone in realising Singapore’s vision for Marina Bay.

He said the project will add to the critical mass of the area and enhance Singapore’s skyline. Continue reading →

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Posted in Office / Retail / Industrial

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