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Housing meltdown hits US economy |
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Written by Steve Schifferes
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Sunday, 11 November 2007 |
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 The sudden tightening of credit on high-risk sub-prime mortgages has led to a property price crash in the US, with devastating effects on the whole economy.
The unprecedented decline in US house prices may also lead to further pain for financial institutions, who collectively own more than $1 trillion worth of sub-prime debt.
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Last Updated ( Sunday, 11 November 2007 )
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Introduction of landlord insurance worth considering: IEA |
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Written by Cheryl Fox
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Sunday, 11 November 2007 |
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SINGAPORE: With the growing property rental market in Singapore, it may be time to look at more ways to protect the interests of both landlords and tenants.
This was the opinion of some viewers who wrote in after a landlord was interviewed on Get Rea!, a Channel NewsAsia's current affairs programme.
In the Get Rea! episode, "Just Follow The Law", it was a case of a Singaporean landlord living in Australia who had problems with a difficult tenant in Singapore.
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Written by Sheralyn Tay
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Sunday, 11 November 2007 |
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SINGAPORE: Resorts World at Sentosa (RWS) has upped its budget from S$5.2 billion to S$5.75 billion - and not just in view of the rising construction costs.
The developer is bumping up its theme park offerings, with two new rides - one a rollercoaster, the other based on the hit movie ET - for its Universal Studios Theme Park. This brings the total number of rides to 24.
There will be four more free multimedia shows, on top of the three already announced such as a laser-and-water show designed by Emmy award winner Jeremy Railton.
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Last Updated ( Sunday, 11 November 2007 )
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U.S. house prices slide as property glut grows |
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Written by James R. Hagerty
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Wednesday, 07 November 2007 |
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 Tighter credit and a growing glut of properties are depressing an already weak U.S. housing market, wrecking the industry's hopes for an early rebound.
That leaves buyers in a strong position to negotiate for bargains during the spring home-shopping season, the busiest time of the year for housing sales.
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Last Updated ( Thursday, 08 November 2007 )
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Real Estate News 
NEW YORK - U.S. stocks sank on Thursday, their sixth drop in the past seven sessions, on worry that credit losses from mortgage defaults and slumping home prices would grow worse, hurting the economy and corporate profits.