Another botched deal, another US$600m lost by SG Govt
The Peter Cooper Village and Stuyvesant Town apartment complex is seen from Waterside Plaza in 2006, the same year it was sold in a record-breaking real estate deal. ‘The govt of Singapore, well, they lost the most….over $600 million. It just went poof…. Tisman Speyer and BlackRock lost a lot of people a couple of billion...
45% foreigners – Perfect property storm for our banks & nation
In our earlier commentary on the 6.9 million Population White Paper, we mentioned that a “projection” of 45% foreigner mix could be a disaster waiting to happen. In fact, we are actually more worried about that “45% will be foreigners” statement than the 6.9 million population. Even with the 55% Singaporeans in 2030,...
SG govt made surplus of S$187B from 2005-2012?
According to the Singapore government’s latest budget statement ( LINK ), the government’s budget surplus was SGD 3.86 bn (SGD 3.61 bn before NIRC and top ups to endowment and trust funds) for 2012. However, according to the “Monthly Digest of Statistics Singapore” published by the Department of Statistics, the same...
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- Caoliangoh on Pakistan to nuke Israel if…
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