GIC to buy Tokyo property for US$1.3 billion
(9 April) Singapore state investment firm GIC Pte Ltd will buy a Tokyo property from U.S. investment fund Lone Star Funds for some 134 billion yen ($1.3 billion), the highest price since Japan's real estate market recovery accelerated last year, three people with direct knowledge of the sale told Reuters. Lone Star had put...
Singapore seen allowing stronger currency
A woman pays a vendor for her purchases at a market in the Redhill area of Singapore. Escalating living costs, rising wages and curbs on foreign workers remain threats to Singapore’s growth. (Photo: Nicky Loh/Bloomberg) (8 April) The Monetary Authority of Singapore will probably keep favoring modest currency gains as it...
Where the rich stash their toys
The lobby of the Singapore Freeport, one of many top-end, tax-free warehouses where the rich are stashing their luxury items. (CNN, 8 Apr) - The rich are on the hunt for secure, tax-free places to stash their fine art and luxury items, fueling a surge in demand for top-end warehouses known as freeports. These gigantic storehouses...
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