Philip Chua Business Blog

Posts Tagged ‘sale’

CASH registers rang loud and clear during this year's Great Singapore Sale (GSS), according to MasterCard. Total spending by local and tourist MasterCard holders jumped 28 per cent year- on-year to $1.21 billion. Total transactions by MasterCard holders were also higher during the two- month GSS from May 28 to July 25. They rose 18 per cent year-on-year to 7.2 million. 'This year's GSS shows rebou... more

· With real estate prices rebounding and new launches selling out, is the Singapore property market overheating again? LAST month, my next-door neighbour dropped by with a requisition to convene an extraordinary general meeting of our condominium. For what else but an en-bloc sale? The dream of some owners and the nightmare of others. The key to real estate prices is affordability. In t... more

A one-day preview at the upmarket Marina Bay Suites development saw invited buyers snap up most of the 90 units released for sale at average prices ranging from $2,200 to $2,500 per sq ft (psf).
At least 81 units were bought yesterday at the 99-year leasehold, 221-unit condominium in Marina Bay, whose launch had been delayed by almost two years, said a spokesman for Raffles Quay Asset Management, … more

(SINGAPORE) Gold surged to a new record yesterday, crossing the US$1,090 level for the first time, a day after the International Monetary Fund announced a massive sale of the metal to India.
The precious metal touched US$1091.1 an ounce by late afternoon – up 2.8 per cent from US$1061.50 a day ago.
Analysts said a weaker dollar could push prices to US$1,100 an ounce.
Indeed, traders say gold is… more

A DECADE ago, investor Lui Chee Meng sank $30,000 into what he thought was a safe blue-chip company backed by Temasek Holdings.
Now, he has lost almost all the cash he put into Chartered Semiconductor Manufacturing, the world’s No. 3 chipmaker.
The loss made him so angry that he voted against the $5.6 billion acquisition of Chartered by a Middle Eastern fund.
But the sale went through anyway, as o… more

INVESTORS have reportedly pounced on a $1.5 billion sale of bonds by Temasek Holdings – its first such offering since 2005.
One report said the issue had sold out within hours with orders for US$4 billion (S$5.5 billion) worth of the 10-year bonds from around the globe far exceeding what was on offer.
Temasek offered a coupon of 4.3 per cent – the annual interest rate paid on the bond – which is n… more