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  1. Singapore Press Holdings (SPH) today entered into a sale and purchase agreement to buy online car portal sgCarMart for up to S$60 million. The deal includes sgCarMart's online vehicle classifieds site, car auction platform, online marketing site as well as its service provider for car loans, insurance and settlement services. SPH, which owns online car portal s----s, will pay for the acquisition wholly in cash. SPH shares ended today 4 cents down at $4.44. http://www.businesstimes.com.sg/breaking-n...armart-20130401
  2. Come this Friday 23-05-08, TOTO 5 million anniversary draw...... ................................HUAT AH ....................................
  3. majority of singaporean are rich !! :huh: not only the 'forgotten' dollars, many also have 100s of kg of coins in their house (read the coin thread) :blink: i guess many here have more than $177 spare foreign currency sitting around in the house.
  4. from yahoo: Real Madrid offer world-record
  5. I was just wondering how will a family with combine income of between 8k-10k afford a 1 million EC?? 1) Last time earn alot of money...Now no money so move to EC... 2) Parents sponsor alot alot of downpayment.... and ???
  6. Read this at CNA news : Ex-M1 staff who "stole phones" ordered to pay S$2.06m Singapore - The High Court has granted telco M1 a default judgment against a former employee who allegedly took 3,092 phones and enjoyed the high life with the profits made from selling them. In a closed-door hearing last week, the Court also ordered Matthew Yeo Kay Keng, 35, to pay S$2.06 million in damages to M1. The High Court's decision comes after he had failed to enter his defence by January 14 to contest M1's claims in its civil suit. Yeo, who sold M1 handsets and phone subscriptions to corporate clients, had allegedly been cooking up fake sales orders over three years. He would then collect handsets and sell them off for his personal profit. On November 15, the day he returned from a S$10,000 Japan holiday, he confessed to taking the handsets after M1 discovered the discrepancies. Sworn statements by M1 chief financial officer Lee Kok Chew said Yeo admitted to taking the phones. Yeo had also disclosed his spending spree. He bought a S$230,000 Porsche sports car in August, before upgrading to another S$430,000 model two months later. Yeo also bought a S$50,000 Patek Philippe watch and four Audemars Piguet watches that cost between S$15,000 and S$30,000 each. He has apparently said he would sell his watches, car, a S$200,000 stingray and S$160,000 worth of arowanas to compensate M1. He claimed the items were worth around S$1.6 million. In his statement to M1, Yeo said he took the phones because of "materialism" and his "weakness for cars and watches". He added: "I have used this dishonest and wrongful method to get more handsets lately to get more money and provide better for the family." - CNA/ir Another classic of dreamer trying to own 'Sport' cars ........
  7. Who interested to buy a 884 sq feet shop for $22 million?
  8. Othello

    Singapore

    Another honest mistake?? http://asiancorrespondent.com/104218/singa...llion-what-now/ What does a failed real estate deal in New York City have to do with an island nation 9579 miles away? In 2006, Tishman Speyer Properties and BlackRock Realty bought housing projects in Stuyvesant Town and Peter Cooper Village (both in Lower Manhattan) for US$5.4 billion. Built in the 1940s, it was meant to provide affordable housing in a city where costs were constantly going up. Laws were enacted to stabilise and regulate the rent. Pic: AP. The two real estate companies thought that money could be made from buying the housing projects, getting the rent-regulated tenants out and moving new tenants in at market rates. But when they were blocked after the tenants association went to court, the whole deal fell apart. (READ MORE: Asia
  9. for those woodsville junction users at bendermeer, macpherson, upper serangoon road, give your opinons!!! then we can send the results to LTA and put on facebook :)
  10. Source: http://sbr.com.sg/economy/news/top-4-secto...ming-population
  11. A BILLIONAIRE'S bid to seek more than $1 million in damages from a Rolls-Royce car dealer here over an alleged defect in a $1.4 million Phantom began in the High Court yesterday. Mr Koh Wee Meng, boss of the Fragrance Group, alleges that the high-end luxury car, bought in December 2008, emits noises and vibrates when moving out of a three-point turn. The 50-year-old said he had complained many times to Trans Eurokars and was assured the problem would be rectified. When no remedy was in sight, he decided to sue the dealer. "I consider it a defect, I cannot accept it," he said on the stand yesterday. Trans Eurokars said the noise and vibration is a characteristic of the Phantom and cannot be considered a defect. Each side has engaged expert witnesses to support its case. Mr Koh is seeking more than $1 million in damages - the difference between the car's purchase price and its scrap value of more than $300,000. The property and budget-hotel tycoon was ranked Singapore's 15th-richest man by Forbes last year, with an estimated net worth of US$1.25 billion (S$1.54 billion). "That price was paid for what Rolls-Royce itself claimed was ultimate luxury, pin-drop silence and near perfection," his lawyer, Senior Counsel Davinder Singh, said in his opening statement. Instead, Mr Koh got "a Phantom plagued by noises and vibrations" when it moved out of a three-point turn, added the lawyer. Trans Eurokars' lawyer, Senior Counsel Tan Chee Meng, noted that Mr Koh was claiming damages for a car he had driven for four years and which had clocked some 46,000km to date. But Mr Koh noted that he had complained within three days of taking delivery. Mr Tan pointed out that between November 2009 and September 2011, Mr Koh had sent the car to the workshop for servicing and other works no fewer than eight times but did not complain about the noise and vibration, and suggested that the issue was "non-existent" during this period. Mr Koh disagreed. He replied that since Trans Eurokars was not able to resolve the problem, he saw no point in dragging it up every time he went to the workshop for other issues. In a statement yesterday, Rolls-Royce Motor Cars said it has supported the dealer over the past four years in its dealings with Mr Koh. "We have not experienced any similar complaint from any other customer anywhere in the world." A record 39 Rolls-Royce cars were sold here in 2011. The trial continues today. [email protected]
  12. Just been announced that the latest Tampines EC Penthouse will be priced at $2.05 million. How much is that? Well..... Assuming the minimum 20% deposit, the deposit will be $410,000. Stamp duty is $56,100 for a total up front cost of $466,100. Put that into perspective, if you assume an income of $12,000 (the max for EC) and a 40% savings rate would need to save for 97 months (a touch over 7 years) just for the deposit alone. The payments? Will extend the loan to 35 years, and assume a low 1.5% interest rate - then it will be $5,021.00 If the interest rate is 2%, this will jump to $5,432 If the interest is 3.5% then it will be $6,777 What is the cash top-up? Well assuming each earns $6k, they will put $2,300 into the OA each month. So the top-up (at 2%) would be $3,132 or 31% of the total take home pay. Playing a little further - if you reduce the term to 30 years, at an interest rate of 3.5% the monthly payments are $7,364. Or - if wifey take time off to have kids, and hubby salary has grown to $9k (just to pluck figure from backside) This would make the top-up (after $1,150 CPF Contribution) a total of $6,214 (or 77% of take home before tax pay). HUAT AH!
  13. http://motoring.asiaone.com/Motoring/News/...004-375507.html Don't have 2 million $90k also not bad.
  14. HK tycoon offers fortune to marry off gay daughter Published on Sep 26, 2012 Mr Cecil Chao announced the financial reward of HK$500 million (S$80 million) after his daughter, Gigi, married her same-sex partner of seven years in France earlier this year, the South China Morning Post reported. -- PHOTO: SCMP HONG KONG (AFP) - A Hong Kong tycoon has offered a US$65 million (S$80 million) "marriage bounty" to any man who can win the heart of his lesbian daughter, a report said on Wednesday. Mr Cecil Chao announced the financial reward of HK$500 million (S$80 million) after his daughter, Gigi, married her same-sex partner of seven years in France earlier this year, the South China Morning Post reported. "I don't mind whether he is rich or poor. The important thing is that he is generous and kind hearted," 76-year-old Mr Chao was quoted as saying. "Gigi is a very good woman with both talents and looks. She is devoted to her parents, is generous and does volunteer work." He also rejected "false reports" that Gigi, 33, had married abroad, saying she was still single. http://www.straitstimes.com/breaking-news/...ughter-20120926
  15. reported in yahoo tat ma chi's estate left behind for widow and 2 kids is valued at 8.1 million, wonder can the late taxidriver's n late japanese lady estates make a claim and sue?
  16. http://sg.news.yahoo.com/blogs/sideshow/te...-165517099.html
  17. Am watching cnbc now. Reported by Maria bartiromo. UBS loss on Facebook trading may be $350 million. Out CPF money....
  18. Yahoo report: Zhang Ziyi investigated for prostitution By Casey Lee | From Cinema Online Exclusively for Yahoo! Newsroom
  19. Couldn't believe it.... S$108/- million bungalow located in Singapore.. Yahoo report : http://sg.news.yahoo.com/sentosa-cove-bung...54--sector.html A 2-stroey, 6 rooms bungalow at Ocean Clove, Sentosa cost a whopping S$108 million with only 103yrs least...... David Beckham mansion in England cost $50 million pound but with 16 rooms and freehold....
  20. Guys, please take note of this news if you are considering buying 2nd hand BMW vehicles. March 26, 2012, 3:50 pm BMW Recalls Nearly 1.3 Million Vehicles Worldwide for Battery-Cable Flaw BMW of North America 2010 BMW 550i, one of the models affected by the recall announced Monday.4:10 p.m. | Updated BMW announced Monday that it would recall about 1.3 million 5 Series and 6 Series vehicles worldwide to fix a potential hazard involving a faulty battery-cable connection in the cars
  21. I attended a course on retirement/investments planning yesterday and they gave me a calculator to punch in some numbers to show how much you need at the age you retire. The numbers are shocking. Let's say if you are 35 and intend to retire at 55, assuming an inflation rate of 4%, the numbers can hit 2.5 million or more. Unlike the rest of you here, I don't think I can even hit 1 million, and I think that 1 million is a good figure to aim for first as 2.5 million is just impossible in my lifetime. Any of you can share how you hit your first million so that a young guy like me can learn? Thank you.
  22. http://www.straitstimes.com/BreakingNews/S...ory_774330.html Singapore will be contributing $50 million over the next four years to an Asean initiative to narrow the divide within the 10-member Association of Southeast Asian Nations (Asean). The Initiative for Asean Integration (IAI) is also to enhance Asean's competitiveness as a region. Foreign Affairs Minister K Shanmugam announced the pledge in Parliament on Tuesday. The amount will be given from this year till 2015, and will bring Singapore's total contribution to IAI to $170 million.
  23. 10 Million Hong Pao Draw tomorrow Friday, 03/02/2012 .......... Closed at 9pm. ....... Huat Ah ........
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