Price increasing for singapore property !

Guest · on *08 Apr 08 6:06 am*

Another crap story.....follower etc...Next Laughing

Guest · on *08 Apr 08 6:27 am*

Guest · on *08 Apr 08 6:30 am*

Guest · on *08 Apr 08 6:54 am*

wow so poor thing ah, IT's Better to be Rich than trying to be
YOU GOY MONEY NO PROBLEM DONT WORRY
this news is for those NO MONEY TALK BIG MISS THE BOAT Laughing

Guest · on *08 Apr 08 7:02 am*

Guest · on *08 Apr 08 8:58 am*

WHY BUYER STILL CANT BUY
BECAUSE PRICE IS MOVING UP

Guest · on *08 Apr 08 9:04 am*

Tulip Garden en bloc may be called off
Buyer Bravo will 'accept costly missed opportunity' if it's not granted payment extensions

By KALPANA RASHIWALA

(SINGAPORE) The owners of Tulip Garden met over the weekend and BT understands that most of them have taken the view to rescind the $516 million collective sale to an associate company of Bravo Building Construction - if the second 5 per cent instalment due to them is not paid by the deadline of midnight yesterday.

Tulip Garden: The $516 million deal for the property worked out to a unit land price of $1,018 psf per plot ratio. The buyer had intended to build a 350-unit condo on the Holland Road site
BT understands the owners could not accede to the Bravo unit's request for another extension to pay up the second 5 per cent instalment which was to have been paid yesterday, to June 7, as well as to extend the completion date of the transaction, which is when it would have to pay up the remaining 90 per cent of the purchase price, from May 28 to Aug 7.

However, Tulip Garden's owners, through their lawyers, are understood to have informed Bravo yesterday that the payment deadline will not be extended and that they reserve their rights to rescind the sale.

A Bravo spokeswoman said yesterday the consortium buying Tulip Garden is seeking an 'unconditional extension of time' for making the two payments, that is, it is not prepared to make any further payment to the sellers in exchange for the extensions, until June 7.

If the sale is rescinded, Tulip Garden owners will keep the $25.8 million or 5 per cent of the purchase price they had been paid so far, BT understands.

'If these extensions are not obtained, the consortium will accept this costly missed opportunity to develop a stunning 350-unit condo with unmatched features in a prominent Holland Road corner,' Bravo said in a statement.

Bravo has a minority stake in the consortium buying Tulip Garden. The en bloc sale of Tulip Garden was approved by Strata Titles Board in February.

In its statement, Bravo said that it and its majority consortium partners for the purchase of Tulip Garden intend to complete the purchase. Bravo did not identify the consortium partners. 'Since December 2007, major foreign institutional investors and a few local investors have expressed strong interest to form the consortium. The current turmoil in financial and stock markets matched with sporadic bad news have caused unforeseen delays in securing ultimate approvals to commit funds,' Bravo said in its statement.

Bravo also indicated that approval for Tulip Garden's sale from Strata Titles Board in February came earlier than anticipated. 'Coupled with the consortium's strategic decision to significantly increase equity to balance the current cautious lending by banks, the current deadlines for next payments have become too constricted and no longer practical,' it added.

BT understands that Tulip Garden owners declined to further extend the completion date of the sale of Tulip Garden as the STB had already given its order for the sale, binding all owners to a sale, and the sales committee does not have the powers to vary the completion date of the sale beyond the originally agreed May 28. The date was based on three months from receiving the STB order for sale, as stipulated in the sale and purchase agreement for Tulip Garden inked last year.

Assuming Tulip Garden's sale is rescinded, it may be a while before the prime District 10 site is back on the en bloc bandwagon. If owners wish to do a fresh en bloc sale, they would have to do it under revised collective sales rules that took effect in October last year and which are more stringent.

The $516 million deal for the property worked out to a unit land price of $1,018 psf per plot ratio. No development charge is payable.

Last month, the $162.8 million collective sale of Makeway View in the Newton area to another associate of Bravo was rescinded. BT reported that one per cent of purchase price paid by Bravo so far was forfeited.

Guest · on *08 Apr 08 10:23 am*

Guest · on *08 Apr 08 2:49 pm*

Guest · on *08 Apr 08 4:36 pm*

i think many still have lots of profits in the stock markets yet to be taken

Guest · on *08 Apr 08 5:18 pm*

Guest · on *08 Apr 08 9:39 pm*

AMD Cuts Follow Intel Restructuring
Tuesday April 8, 12:59 am ET
By Jordan Robertson, AP Technology Writer
AMD to Cut More Than 1,600 Jobs in Latest Chip-Industry Bloodletting

SAN FRANCISCO (AP) -- Advanced Micro Devices Inc.'s plans to jettison 10 percent of its work force are the latest sign that the seesaw battle between semiconductor rivals Intel Corp. and AMD has taken its toll on both companies.

AMD said Monday that its job cuts, which will amount to more than 1,600 workers out of 16,800 worldwide, are slated to start later this month and finish by September. The cuts were widely expected as the slumping chip maker has been battered by product delays and burdened by heavy acquisition costs.

The Sunnyvale-based company also warned investors that first-quarter sales were lower than expected across all business lines, a miss that surprised Wall Street. Sales for the three months ended March 29 came in at about $1.5 billion, a 15 percent drop from the year-ago period and short of the $1.61 billion that analysts polled by Thomson Financial were anticipating. The company is scheduled to report its full quarterly results April 17.

AMD shares fell 18 cents, or nearly 3 percent, to $6.16 in after-hours trading. The stock had risen 11 cents to close at $6.34 before the layoffs and sales warning were announced.

The news comes as momentum in the notoriously volatile semiconductor industry has turned for the moment against AMD, whose own momentum just a couple of years ago was a major factor in a major restructuring by Intel.

AMD had not been a player in the lucrative server market until the company launched its first Opteron chip in 2003. Armed with the energy-efficient chip, AMD stole away valuable market share from Intel and eventually captured about a quarter of the worldwide server market.

The competition hurt Intel, whose profits slid sharply, the result of losing customers to AMD and furiously cutting prices to keep older chips competitive.

In 2006, Santa Clara-based Intel said it was cutting about 10,500 jobs, or about 10 percent of its work force, in a move to save about $3 billion annually.

But now it's AMD that's fallen on hard times as it confronts intensifying competition from Intel, which has regained some lost market share with a powerful line of new chips and has lowered its costs with a new manufacturing process.

Meanwhile, some of AMD's most important products are viewed as out-of-date.

Lengthy product delays for AMD's new Opteron server chip, a product critical to the company's financial recovery, have hurt its competitiveness. Technical glitches pushed back the chip's full release for months after the official launch in September.

AMD is also struggling to digest its $5.6 billion acquisition of graphics chip maker ATI Technologies Inc., which AMD recently said is worth about 30 percent less than when it was acquired.

AMD views the acquisition as a key way to attack Intel and incorporate better graphics capabilities into its chips.

Graphics are now a key battleground for chip makers as more and more Internet surfing involves video and as the graphics requirements for computer games are heightened.

AMD's losses in 2007 were staggering, capping a brutal two-year stretch in which the company's market value plunged from more than $20 billion to $3.84 billion today.

In 2007, AMD lost $3.38 billion, $2 billion of which were non-cash charges. Revenues were $6 billion.

The stock has fallen from more than $40 a share in early 2006.

Guest · on *09 Apr 08 12:41 am*

alot of foreigner are force to buy into singapore property, after renting for 2-3 years, still staying and working in singapore....in a longer term buying is still a wiser choice.... well whether they buy or rent still good for singapore property market... Very Happy

Guest · on *09 Apr 08 9:14 am*

when there is an oversupply of apartments/condos for rent versus the demand for rental, owners will have to cut their rent.

Guest · on *09 Apr 08 5:57 pm*

For home owners who are in tight need of liquidity, holding on to the illusionary dream of 2007 sale prices is suicide. At this present moment, if you choose to sell at 15% below 2007 prices, you may still find a few risk-takers who might snap up your properties. As we go deeper into the second quarter of 2008 and eventually the third, the paper value of your properties will easily fall by another 15% to 30% given the projected economic outlook. It is no longer a case of a few shouting "the sky is falling"; even economistics and professionals in the financials are already sombrely acknowledging that we are going to face very tough times in the coming months.

The bottomline is: if you need the money urgently, it makes sense to liquidate asap

Guest · on *09 Apr 08 6:52 pm*

best is sell at the price you bought at

Guest · on *10 Apr 08 12:26 am*

Guest · on *10 Apr 08 1:22 am*

price moving up, UNCLE already mia for quite some time, very busy recently, contract going to end..... search high and low for cheap rental flat in singapore.....anyone who has cheap rental flat, kindly update here for our MIA UNCLE .... Smile

Guest · on *10 Apr 08 3:54 am*

Price increasing for singapore property !

Singapore Room & House For Rent, Sale, Buy, & Sell

Price increasing for singapore property !