Philip Chua Business Blog

Posts Tagged ‘housing’

GREECE’S debt crisis rattled investors again yesterday and sent markets south despite overnight gains on Wall Street.
Reassurance from Federal Reserve chairman Ben Bernanke that interest rates would stay low for some time pleased investors, who sent the Dow Jones up 91.75 points, or 0.89 per cent.
But concerns over the weak United States job market and poor housing sales data outweighed the promis… more

No matter what we do or how long our day goes on for, we eventually retreat to our homes in the evening. In similar fashion, and because the housing market is at the epicenter of this Great Recession, economists find themselves constantly going back to scrutinizing housing markets. A sustainable…

THE Housing Board has released 1,534 flats at two new projects, in the latest move to allay widespread fear of a public housing shortage.
Yesterday, it launched 750 build-to-order (BTO) units in Punggol and 784 in Woodlands. A further 1,000 BTO flats in Sengkang and Sembawang are slated for launch next month.
The launches are in line with the HDB’s plan to offer an islandwide spread of 7,000 BTO f… more

The head of the Senate Banking Committee may scrap the idea of creating a consumer financial protection agency, a paper said Friday citing people familiar with the matter.

United States Senate Committee on Banking Housing and Urban Affairs – Consumer protection – United States – Senate Banking Committee – Home

(SINGAPORE) Private home prices continued their ascent in Q4 last year, climbing an estimated 7.3 per cent from the previous quarter. This sent prices for 2009 up 1.7 per cent from a year ago, defying bleak prognoses of double digit falls when the financial crisis unfolded.

Resale prices for public housing were also on their way up in Q4, rising 3.8 per cent from the previous quarter. Year-on-ye… more

(SINGAPORE) Food prices have risen consistently over the past few months. And given erratic climatic conditions, they could become even more of a concern going forward.

The Consumer Price Index (CPI) rose 0.4 per cent in November from October. The increase was attributed mainly to the higher cost of housing, recreation and other items, and food.

As a result of dearer vegetables, fruits and ric… more

Stocks ended marginally higher Wednesday as rising commodity prices offset losses that followed a disappointing report on housing.







Business – Investing – Dow Jones Industrial Average – Stocks and Bonds – Stock market

The housing market is in the midst of a rocky recovery, but it’s too soon to declare the end of one of the worst slides since the Great Depression.

Business – Real estate – Residential – National Association of Realtors – Real estate economics

Home resales rose to the highest level in nearly three years, reflecting an extraordinary level of federal support that has helped the housing sector recover from the downturn.

Great Depression – United States – History – Twentieth Century – Health

THE Housing and Development Board (HDB) yesterday launched four new build-to-order (BTO) projects – including two highly anticipated developments in Queenstown – bringing the total supply of BTO units to 13,500 this year.
2,670 new units are being offered in the latest BTO exercise – the largest number of flats at any one launch in recent years, HDB said.
The Queenstown projects are SkyVille@Dawso… more