Philip Chua Business Blog

Posts Tagged ‘housing’

U.S. Dollar Trading (USD) had a volatile trading day with USD strength on the back of risk aversion in Europe reversed as US housing data weakened further. July Existing Home Sales fell 27% as the effect of the removal of the housing credit continues to be felt. In US stocks,

Yesterday's US economic data releases were mixed, although for us, continued weakness in the US housing market (as evidenced by July's housing starts and building permits figures), underscores a prevailing nervousness in markets. These 'headwinds' increase the chance of the Federal Reserve restarting its quantitative easing programme, having halted its

CHINESE developers eager for a slice of the red-hot housing pie are nudging their way into Singapore's property scene. Chinese developers bid for at least 10 out of the 15 residential land sites put up for tender in the Government Land Sales (GLS) programme for the first half of this year. They have landed three plots and narrowly missed out with second-place bids on at least two other sites. ... more

The U.S. economy continued to trudge its way through these early stages of its recovery this week. A slew of data sent relatively positive signals regarding consumer spending, the housing market, and manufacturing, but the focus is squarely on tomorrow’s payrolls employment report. ISM manufacturing data indicated a marked improvement…

(SINGAPORE) The government yesterday defended its policy of managing price movements in the private housing market and also stood by its method of supplying developers with state land sites.
It was responding to Wednesday’s speech by the president of the Real Estate Developers’ Association of Singapore (Redas), Simon Cheong, who said that the government should allow the private property market her… more

While debt concerns out of Europe rattled global stock markets and sent the U.S. dollar up 1.4% against the Euro, data on the U.S. housing sector and the final estimate of GDP growth in the fourth quarter of 2009 offered an opportunity to check up on a number of pivotal…