View of the living area from the study loft of the penthouse of the newly refurbished penthouse at Bishopsgate Residences (Photo: SuMisura)SINGAPORE (EDGEPROP) - Leading interior design firm SuMisura recently completed an extensive renovation of a 6,082 sq ft, four-bedroom penthouse at Bishopsgate Residences. The 31-unit, freehold luxury condominium was developed by Japanese developer Kajima Corp, and completed in November 2012.The new owner of the penthouse, believed to be a Chinese national wh
Elektros (OTC PINK:ELEK), an emerging leader in the electric mobility industry, announced it has begun talks with Lithium mining project in Sierra Leon, Africa.
VinBrain will collaborate with Microsoft in data sharing, product cross-validation, and product research & development. VinBrain is the first Vietnamese customer to sign a formal collaboration agreement with Microsoft to develop AI-powered healthcare services HANOI, VIETNAM - Media OutReach - 26 January 2023 - VinBrain, one of Vietnam's leading technology companies, is working to transform global healthcare through its AI products. One of VinBrain's primary products is DrAid™, an AI pathology pr
HDB flats along Whampoa River. The next BTO sales exercise next month will offer 4,400 flats and will comprise new developments in Jurong West, Kallang Whampoa, Queenstown, and Tengah.Based on the latest quarterly HDB price statistics released on Jan 27, flat resale prices increased by 2.3% q-o-q in 4Q2022. This brings the total price increase for 2022 to 10.4% compared to the 12.7% price gain recorded in 2021.This also marks the fourth consecutive annual increase in HDB resale prices since 2019
(Reuters) -Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong Russian oil supply offset better-than-expected U.S. economic growth data, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand. Oil loadings from Russia's Baltic ports are set to rise by 50% this month from December as sellers try to meet strong demand in Asia and benefit from rising global energy prices, traders said and Reuters calculations showed.
Physical gold dealers in India offered the steepest discounts in 10 months this week to lure customers, as a sharp rally in local prices squeezed demand in the world's second-biggest bullion consumer. Local gold prices hit an all-time high of 57,125 rupees ($700.02) per 10 grams this week, forcing dealers to offer discounts of as much as $42 an ounce over official domestic prices, inclusive of 15% import and 3% sales levies, versus a discount of $24 last week. Dealers and jewellers have been postponing purchases on hopes the government would cut import duty in the upcoming budget, said a Mumbai-based dealer with a private bullion importing bank.
India's current account deficit is "eminently manageable" and within the parameters of viability, India's central bank governor Shaktikanta Das said at an event on Friday. The net balance under services and remittances remains in a large surplus, partly offsetting the trade deficit, Das said at a conference in Dubai, according to a copy of the speech released by the central bank. While the global environment has turned hostile and uncertain, the Indian economy remains resilient, said Das, pointing to a strong financial system in the country and deleveraged corporate balance sheets.
Tourists visiting Singapore for the Lunar New Year have been greeted with wet weather and plunging temperatures that have locals scratching their heads as the city state records the most rainfall in at least a decade.
In 2023, more Asia Pacific real estate investors are targeting opportunistic deals, distressed assets and non-performing loans, notes a survey by CBRE (Picture: Samuel Isaac Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - In December 2022, Hong Kong-listed Link REIT signed a deal to purchase two Singapore shopping malls — Jurong Point and Swing By @ Thomson Plaza — from NTUC unit Mercatus Co-operative for $2.16 billion. The purchase price is a 6.1% discount to the combined aggregate value of $2.3
Singapore home prices grew at the slowest pace in more than two years in the fourth quarter of 2022, a sign that the property boom is starting to moderate as supply dwindles and interest rates climb.
MUMBAI (Reuters) -Sugar mills in India's top producing state Maharashtra are set to stop cane crushing 45 to 60 days earlier than last year as heavy rain has curtailed sugar cane availability, a senior state government official told Reuters on Friday. The western state of Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1, down from an earlier forecast of 13.8 million tonnes, Maharashtra's sugar commissioner Shekhar Gaikwad said. Lower sugar output could prevent the world's second-biggest exporter from allowing additional exports, potentially supporting global prices and allowing rivals Brazil and Thailand to increase their shipments.
Seven listed companies of the Adani conglomerate - controlled by one of the world's richest men Gautam Adani - have lost a combined $48 billion in market capitalisation since Wednesday, with U.S. bonds of Adani firms also falling after Hindenburg Research flagged concerns in a Jan. 24 report about debt levels and the use of tax havens. "With the current market price below the FPO offer price, it further puts doubts on issue subscription."
Minister for Culture, Community and Youth and Second Minister for Law Edwin Tong SC announces the development of the Digital Conveyancing Portal (DCP), an online portal that will streamline the current paper-based conveyancing process (Picture: SLA)SINGAPORE (EDGEPROP) - The Singapore Land Authority (SLA) has made progress on the development of its Digital Conveyancing Portal (DCP), an online platform targeted at streamlining the legal process of transferring property titles.With the DCP, SLA ai
If you’re looking for resilience in the REIT sector, look no further than these three REIT categories. The post <strong>3 Types of REITs to Survive a Recession</strong> appeared first on The Smart Investor.
The IMF will send a team to Pakistan next week to discuss reviving a desperately needed bailout programme, with a foreign exchange crisis bringing imports almost to a standstill. But Khan reneged on his promise to cut subsidies and market interventions that had cushioned the cost-of-living crisis, causing the programme to stall.
The STI may pause short-term following its 101 point rise in 3 sessions, but eventual upside is 3,600.
The WA100 2023 ranking follows a number of awards received by the group, including the HDB Design Award 2022 for Northshore StraitsView (pictured here) (Picture: Surbana Jurong)SINGAPORE (EDGEPROP) - Surbana Jurong Group is the 13th largest architecture and design firm in the world, according to the World Architecture 100 (WA100) 2023. The WA100 survey, annually published by architectural magazine Building Design, ranks the world’s largest architecture practices by the number of fee-earning arch
Analysts George Choi and Ryan Cheung say they expect Resorts World Sentosa to enjoy a similar recovery for 4QFY2022.
India's foreign exchange reserves rose to a near six-month high of $573.7 billion in the week through Jan. 20, the Reserve Bank of India's (RBI) statistical supplement showed on Friday. This, coupled with valuation changes, adds to the central bank's forex reserves.
Retail rents in the central region decreased by 1.1% q-o-q in 4Q2022, while islandwide vacancy rates declined by 0.7 percentage points (Picture: Albert Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - Retail rents in the central region fell in 4Q2022, continuing a downward trajectory charted since 1Q2020. According to URA data released on Jan 27, retail rents in the central region decreased by 1.1% q-o-q last quarter, widening from the 0.4% q-o-q fall recorded in 3Q2022. “The URA retail rental ind