Monthly Archives: August 2009

Homes from sold-out projects back on market

Posted on 7 Aug 2009 | Comments Off on Homes from sold-out projects back on market

Speculators a minority as they shoot for small flipping gains

Some buyers who managed to lay their hands on units at projects sold out recently are trying to get lucky for the second time – by selling what they snapped up, for a profit.

This brings to mind the government’s warning last week – that some element of speculation is back in the property market. Industry watchers say, however, that subsales are common for fully sold projects and speculation still remains mild.

Advertisements for subsales at Optima@Tanah Merah have surfaced in the last few days – with owners seeking prices Continue reading →

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Posted in General, New Launches, Property Market / Real Estate, Property Price

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Parkway Reit cautious despite good results

Posted on 7 Aug 2009 | Comments Off on Parkway Reit cautious despite good results

It has also secured a $50m Islamic revolving credit financing facility

PRUDENCE is the call at Parkway Life Reit, even as the healthcare trust reported an improved set of second-quarter results yesterday. The trust has secured a $50 million Islamic revolving credit financing facility by The Islamic Bank of Asia, even though it already has ample funding facilities to support potential acquisitions.

‘This $50 million is both a defensive and competitive strategy,’ said Yong Yean Chau, CEO of Parkway Trust Management, which manages the trust. ‘Defensive in a sense that the market has rallied, no doubt, but we’re not very sure whether the Continue reading →

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Posted in Funds

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