At 11:50 a.m., shares of Yanlord were 2.4% lower at $1.60 with over 3.1 million shares changing hands.
Singapore raised down payment requirements for second mortgages and boosted sales taxes to curb property speculation, sending shares of the city’s biggest developers down the most in 11 months.
Individuals with more than one mortgage can borrow up to 60% of a property’s value, down from 70%, while the stamp duty on homes and land sold within one year will rise more than fivefold, the government said in a statement yesterday.
Singapore property developers such as CapitaLand (CATL.SI) and City Developments (CTDM.SI) are likely to be in focus on Friday, after the government introduced new measures to cool home prices that have continued to rise. Singapore’s benchmark Straits Times Index <.FTSTI> was up 0.34% on Thursday to 3,255.87 points. Here are some other stocks and factors to watch:
Effective Friday, those who buy and sell residential properties within four years will have to pay a stamp duty, up from the current requirement of three years.
The Government has announced more measures to maintain a stable and sustainable property market, reported Channelnewsasia.com.
From Friday, the holding period for imposition of Seller’s Stamp Duty (SSD) will be raised to four years from the current three.
The SSD rates would also be raised while the Loan-To-Value (LTV) limit would be lowered to 50% on housing loans for property buyers who are not individuals.
The LTV limit would also be lowered to 60% for individual property buyers with one or more outstanding housing loans.
{jcomments on}
The measures include raising the stamp duty on property sales and reducing the amount banks can lend home buyers, Channel NewsAsia said via its news alert service.
The software helps protect computers while working with the Internet and blocking the openings of unwanted pop-ups, system performance, and security alerts or threats affected by unnecessary software or spyware and so called Antispyware . An anti-spyware software is very necessary to list the latest developments in Internet Spyware frequently.
CIMB expects more demand, more measures in Singapore property space in 2011; recommends staying with office segment.
“Residential prices have surpassed previous peaks, begging the question of how much more prices can rise. If growth remains relentless, we believe harsher administrative measures may be on the cards.”
Shares of Singapore’s property firms with exposure to China fell on Thursday after the world’s most-populous country introduced new measures to cool its real estate market, traders said.
CapitaLand <CATL.SI> shares fell as much as 1.2% to $4.06, with nearly 9 million shares changing hands by 9:44 a.m.
China on Wednesday told banks to demand a downpayment of at least 30% from all mortgage applicants and to halt loans to buyers of third homes.
Keppel Land <KLAN.SI> fell as much as 1% to $4.01, with over 2.2 million shares changing hands, while Hongkong Land <HKLD.SI> retreated 1.6% to $6.03.
“This news will definitely have a negative impact for those property developers with higher exposure to China, like Keppel Land and CapitaLand,” said a local trader.
{jcomments on}
One of the biggest problems of businesses nowadays is the fact that there are spies and saboteurs that are sent by competitors to gather and destroy information that they may be working on.
Shares of Singapore property firms fell on Monday on concerns that authorities may follow moves by the Hong Kong government to cool property prices in the Chinese territory.
The Hong Kong government tightened mortgage lending for bigger flats on Friday as their prices headed for historic highs, fuelling asset bubbles.
CapitaLand <CATL.SI>, Southeast Asia’s largest property developer, fell as much as 1.5%. More than 3.9 million shares had changed hands and were trading at $3.93 by 11:24 a.m.
A Secunia report says third-party developers arent quickly adopting Microsofts exploit avoidance measures, but eWEEK Labs finds some ISVs are actively circumventing Microsofts other security controls as well. –
In June, security research firm Secunia released a report entitled
“DEP/ASLR Implementation Progress In Popular Third-party Windows Applications,”
examining adoption rates among third-party application developers of the exploit
avoidance technologies built into Windows. Not surprisi…
If you’re in a Software or Hardware Development Engineering Process or Measures group, you’re familiar with the usual complaints from engineers about measures they have to collect and provide to the organization. Even though the measures add value for projects and the organization, they are generally viewed as a mundane chore that is forced upon the projects by the organization. This is a tip on how to improve some attitudes on this issue.
The EU has agreed to carry out transparency checks on the financial health of its top banks, euronews reports. This will be as part of a number of measures to convince investors it can contain the euro zone debt crisis.
Singapore property developers mostly lower as sharp increase in new home sales last month stokes concerns of more government measures to rein in property prices, according to Dow Jones.
Ten countries wrote a letter to Google CEO Eric Schmidt complaining about Google’s approach to releasing Web applications such as Google Buzz, which touched off a privacy furor when the company launched it in February. The countries ask that Google incorporate fundamental privacy principles directly into the design of new online services going forward. The letter was sent before Google is expected to launch a new privacy initiative later today.
– Privacy watchdogs from 10 countries wrote a letter to Google CEO Eric Schmidt complaining
about Google’s approach to releasing Web applications such as Google Buzz,
which touched off a privacy furor when the company launched it in February.
Data protection leaders in Canada, France, Germany,
Isr…
The E(z)RF Service Assurance Module enables wireless LAN administrators to leverage an existing Meru WLAN infrastructure to provide ongoing benchmarking of the wireless network.
– Meru Networks E(z)RF Service Assurance Module provides an easy way for
enterprise wireless LAN administrators to
benchmark and measure network performance on an ongoing basis. At its heart,
the E(z)RF SAM provides a way to leverage an
existing Meru WLAN infrastructure to provide ongoing benchmar…
Singapore government’s latest intervention in the property market could dampen demand for Singapore banks’ mortgage loans, says UBS.
It notes that housing loans, which make up 32% of total loans, were up 14.8% on year in 2009.
“We think in the near term this will continue on the back of property transactions that were done in 2009, but in the later half of the year the momentum could slow as property transactions are likely to cool off.”
IBM Rational AppScan and IBM ISS Proventia IPS GX5108 combine proactive application vulnerability scanning with live IPS attack reports to provide powerful Web application protection.
– Most organizations have embraced the Web to some extent to provide
user-friendly applications for employees, customers and partners. However,
while Web 2.0 collaboration technologies can increase productivity, they also
provide a larger attack surface for miscreants.
In its 2008 Trend and Risk …
