Singapore joins the crowd in cooling off property sector

Article Abstract:

Singapore is enacting laws to discourage Singaporeans from using the state subsidized housing projects as speculative investment instruments. Singapore has required a credit assessment criteria of prospective housing applicants to ensure that wealthy citizens are prevented from owning subsidized housing units at subsidized prices. Singapore's success in its housing program has reached the 85% level, brought about by the low interest rates on subsidized Housing Development Board (HDB) loans, which allows buyers to finance as much as 80% of the acquisition cost through the HDB loan.

Residential Building Construction, Administration of Housing Programs, Mortgage Financing & Insurance, Public Residential Bldgs, Laws, regulations and rules, Residential construction, Economic policy, Real estate, Public housing, Real property, Mortgages

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Union of Sembawang and STIC is a marriage of synergies

Article Abstract:

The merger of the two immense state-owned conglomerates, Sembawang Corp and Singapore Technologies Industrial Corp, was not done to salvage Sembawang, as numerous investors fear. The combined company, SembCorp Industries Ltd, will rank as the biggest construction and engineering company in Southeast Asia. Investors received the news of the merger unwelcomingly as shares of Sembawang declined 12%.

Diversified Companies, Conglomerate corporations, Mergers, acquisitions and divestments, Singapore Technologies Industrial Corp., Sembawang Corp.

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Singapore's travails in India

Article Abstract:

Singaporean investors in India are left frustrated as their projects encounter obstacles. The Singapore-funded $533 million International Technology Park is receiving little notice, while two other grand projects languish in bureaucratic oblivion. Singapore's woes in India also have ignited doubts regarding India's supposed openness to foreign investors.

Multinational Corporations, Foreign investments, India

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