Category Archives: General

Tribunal for real estate sales rows?

Posted on 13 Oct 2009 | Comments Off on Tribunal for real estate sales rows?

It’s among several proposals mooted to protect consumers

A SPECIAL tribunal might be set up to resolve disputes over residential real estate transactions – replacing the current bewildering hotch potch of options.

This is one of a wide-ranging set of proposals aimed at protecting consumers and lifting standards in the largely fragmented and self-regulating property industry.

Others include: Accrediting all agents, setting up a central registry and instituting a common entrance examination for agents.

The Ministry of National Development (MND) will launch a public consultation exercise for one month from today.

It has just conducted extensive industry consultations on the proposed shake-up. A key impetus for the review, the Government said, has been the high number of complaints in recent years. Continue reading →

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W-shaped recovery weighs on investors’ minds: RBS

Posted on 13 Oct 2009 | Comments Off on W-shaped recovery weighs on investors’ minds: RBS

Economic recovery may be imminent, but there is no consensus on the form it will take.

RBS chief European economist Jacques Cailloux said that after speaking to clients in Europe, ‘investors remain very negative on the prospect of a stable recovery’.

‘We conducted a survey among our investor base a few weeks ago, and the striking answer that came back from that was that about 70 per cent of clients are betting on the ‘W’,’ he said.

Respondents were not asked to give a reason why they believe a ‘W’ or double-dip recession may occur. But Mr Cailloux thinks the possible withdrawal of stimulus packages too soon could be one factor.

RBS’s position, however, is that ‘we are in a recovery phase on the global economy level and we don’t subscribe to the double-dip story. It’s true for the US, Europe and also for the rest of the world’, he said. Continue reading →

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