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Found 48 results

  1. Resale Value? Does it really mean resale Value higher? Some AD make 70% while most make 20%-30% premium.
  2. Susan Lim sells home at Sentosa Cove for $39mil 2 March 2012 Straits Times EMBATTLED surgeon Susan Lim has sold her sea-facing bungalow in Sentosa Cove for $39 million, a record absolute price for the upmarket enclave. It is believed the home - a plush residence said to have five bedrooms and an entertainment room - was bought by an Indian national from the energy sector. A few months ago, his purchase would have attracted the standard 3 per cent stamp duty, but the measures that came in on Dec 8 imposed an additional 10 per cent duty on foreign home buyers. So the buyer will now have to stump up about $5 million in levies for the privilege of buying Dr Lim's home. Sentosa Cove is the only place where non-permanent resident foreigners can buy landed homes, although transactions still need government approval. Dr Lim's 15,929 sq ft estate in Cove Drive - likely two adjoining plots that had been merged - was priced at $2,448 per sq ft (psf). That is well above auction prices achieved for 12 vacant Sentosa Cove bungalow plots in the southern precinct where Cove Drive is located. Each plot went for between $656 and $1,039 psf in August 2006, or between $5.56 million and $8.15 million each. They do not include the construction costs. But even taking into account these costs, Dr Lim most likely has made a handsome profit from the sale. The Lim sale smashes the old record of $36 million - or $2,403 psf - paid for a 14,983 sq ft bungalow on Paradise Island in the northern part of Sentosa Cove. Mr Shen Bin, a Chinese national and Singapore permanent resident, is believed to have bought the property in May 2010. Mr Shen is said to be the son of billionaire entrepreneur Shen Wenrong, chairman of China-based steel manufacturer Shagang Group. The island experienced tepid sales volumes last year, so this latest mega-deal could revive the sector. Only 79 caveats - 24 for landed and 55 for non-landed homes - with a total value of $737.6 million were lodged with the Urban Redevelopment Authority last year. And there were only 12 new home sales last year, forcing some developers to look towards renting out completed but unsold projects. The lacklustre 2011 followed a better year when 203 caveats - 62 landed and 141 non-landed homes - with a value of $1.7 billion were lodged. With 75 caveats lodged, 2008 was the only year with lower sales volumes than 2011 since caveats started being lodged for Sentosa Cove in 2004. Dr Lim was in the limelight after she took the Singapore Medical Council (SMC), which regulates the medical profession, to court. She had wanted to block an inquiry by a second medical disciplinary committee to look into complaints of overcharging. There were allegations that she charged a member of the Brunei royal family $24.8 million for seven months of treatment and made false representations in invoices rendered to her. The patient died of cancer in 2007. Dr Lim later gave a 50 per cent discount. After losing her case in both the High Court and the Court of Appeal, she has to bear the cost of her own legal fees as well as those of the SMC. In such civil suits the losing party has to pay a part of the winning party's legal charges. This is in addition to the fees Dr Lim has to pay her own lawyers. She will also have to pay costs for both hearings.
  3. Figures taken from "Cost (S$) For Cars Registered in June 2009" from LTA the left figure is for basic car cost inclusive of ave omv,arf,custom tax,gst,COE. the right figure is the dealer selling price with COE. are china cars THAT cheap? let the figures speak for themselves... of course conti makes the profit margin is higher...but for budget car? hmmm CHERY A5 1.6 MT 30,143 50,999 --> 20k profit CHERY QQ 0.8L MANUAL 24,335 35,999 --> 10.5k profit CHERY T11 1.6 MT 33,731 55,999 ---> 22k profit CHEVROLET AVEO 1.4MT 34,709 48,199 --> 14k profit HONDA CIVIC 1.6L 5AT 68,665 82,800 ---> 14k profit HONDA JAZZ 1.5L A 68,485 80,100 ---> 12k profit KIA CERATO FORTE 1.6(A) 44,499 50,499 ---> 6k profit KIA RIO 1.4 AT 2WD 5DR 35,853 42,499 ---> 7k profit MITSUBISHI LANCER 1.6 CVT SPORTS GLX 42,911 50,988 ---> 8k profit NISSAN LATIO 1.5L AT ABS D/AIRBAG 2WD 4DR 54,207 65,500 ---> 10k profit TOYOTA COROLLA ALTIS 1.6 AUTO 51,768 67,988 --> 16k profit
  4. Jman888

    You can

    something to think about during this festive season, how many people still have their purchases on delivery and yet to arrive. Dun rush them and complaint, i know mine will sure come after xmas and probably after new year but read about how others' view and comment HERE
  5. RadX

    Singtel has 1.01Bn Profit!

    Yet, they do this
  6. Public Transport is all abt profit, will Public Housing ends up the same? Has HDB answers the cost of building a flat and how much is their margin?
  7. At the 2013 Geneva Motor Show, Ferrari CEO Luca di Montezemolo announced that all Ferrari employees would receive a special bonus due to the excellent financial results from 2010 to 2012. Now, a large part of that promise has already been paid out. The first portion of that special bonus consists of an additional month of bonus for each FY between 2010 to 2012. This means a handsome three-month bonus for each of the 3,000 headcounts under Ferrari
  8. but "The Straits Time reports motor insurance premiums are expected to remain at current rates as the segment announced high profits yesterday." After posting five years of losses, vehicle insurers posted an underwriting profit of $50.4 million in 2012 - a 135.1 percent increase from 2011. Average premium collections also saw a small 0.5 percent increase last year of $1,280 - announced the General Insurance Association (GIA) at its annual briefing. The President of GIA, Derek Teo, told The Straits Times, average premiums should remain constant as long as there is underwriting profit. He also credited the Motor Claims Framework which combats deceitful and inflated claims for the continued profit. Mr Teo estimates 20 percent of the $700 million in motor claims incurred last year to be fraudulent or inflated. The Motor Claims Framework was set up in 2008, and calls for all motorists to inform insurers of accidents within 24 hours. This makes it easier for insurers to investigate accidents and resolve disputes, cites Mr Teo. Mr Teo also credited the Financial Industry Disputes Resolution Centre, which handles non-injury claims of up to $3,000 to help address inflated claims. Several critical issues face motor insurers, one being the rising number of accidents involving foreign-registered vehicle, from 5,286 reports two years ago to 5,537 reports last year. The large influx of foreign registered vehicles is attributed to the opening of Marina Bay Sands and Resorts World Sentosa integrated resorts. The increasing number of injury claims also remains a concern, with 19,310 motor injuries reported last year, a 19.4 percent increase from 2008. ----------------------------------------------------------------------------------- When they earn money they don't raise your premiums. When they don't make a profit, they raise your premiums. So when would they actually lower your premiums???
  9. [extract] Volkswagen's sales hit record high in 2012 despite slowing sales in Western Europe. The German carmaker sold 9.07 million cars last year, up 11% from 2011. Group operating profit rose 2.1% to
  10. SYF77

    Best ever 1H sales for Ferrari

    [extract] Despite the challenging economic environment, the prancing horse galloped forward in terms of sales during the first half of 2012. The Italian-based supercar maker, Ferrari, has announced record sales for the first half of 2012, an increase of 11.9 percent compared to the first half of last year.
  11. SYF77


    Despite all the gloom and doom in Europe, French automaker, Renault, posted a respectable first-half performance that beats the forecast by analysts. Earnings before interest, taxes and one-time items dropped 23 percent to 482 million euros from 630 million euros a year ago. This figure beats the average 363 million euros estimated by seven analysts surveyed by Bloomberg. The better-than-expected performance is supported by the increased sales in Latin America and Russia. Renault sales in Latin America rose 20 percent to 215,149 vehicles, while deliveries in Russia and other former Soviet states jumped 29 percent to 103,926. "Management has a very good focus on all the important issues," said Kristina Church, a Barclays analyst in London who awarded an 'overweight rating' on Renault
  12. Some flat owners sitting on a goldmine HDB units bought in 2007 can fetch more than double the purchase price By Daryl Chin SOME lucky Housing Board home owners, whose flats are entering the resale market this year, are looking at more than double the price they paid for the units. Property analysts say such high asset appreciation, attributable to good timing and a buoyant resale market, is one that is unlikely to be repeated in a long time. These flat owners, who had the keys handed to them in 2007, would have fulfilled the minimum occupancy period (MOP) of five years this year. 'Back then, HDB prices were in the doldrums because of Sars (severe acute respiratory syndrome) and the Asian financial crisis,' said PropNex chief executive Mohamed Ismail, who linked the windfall they could enjoy to the surge in resale flat prices in recent years. He noted that the HDB's resale price index in the first quarter of this year stood at 191.6. It was 104.9 in the first quarter of 2007. In a statement to The Straits Times, the HDB said these flats whose MOP could be fulfilled this year include those in mature estates such as Queenstown, Toa Payoh and Bukit Merah, as well as non-mature estates such as Punggol and Sengkang. Since the MOP begins on the date the keys are issued, not all the households, however, would be eligible for the resale market this year, it added. One owner whose MOP will be up this year is Mr Johnny Wan, 42, who balloted successfully and paid $330,000 for his four-room unit in Block 91, Tanglin Halt Road, in Queenstown. He now gets fliers from real estate agents who promise him at least $750,000. 'My friends called me crazy and said I could have landed myself a better deal elsewhere, maybe an executive condominium,' recalled the shipping firm manager of his decision to buy back then. 'But it's all about location to me, and I'm the one who's sitting on a tidy profit now,' said Mr Wan, who may sell his flat if the right offer comes along. It is a few minutes' walk from Commonwealth MRT station and is among about 1,000 flats built as replacement units for those affected by the Selective En bloc Redevelopment Scheme. Those living farther away, in non-mature estates, are also sitting on tidy paper profits. Mr Roslan Salam, 34, paid $170,000 for his four-room unit in Punggol and moved in in 2007. A similar unit in a nearby block sold for about $500,000 in March. 'It was a lucky buy. When we first checked the area, not much had been built and it wasn't as busy. Times have changed,' said the auxiliary police officer. 'It's like striking a lottery,' said SLP International head of research Nicholas Mak. 'These buyers came in at the right time before the property boom when prices started inching upwards.' To satisfy first-timer demand, the HDB has promised to ramp up supply, and launch 50,000 flats within two years. Mr Mak noted that as the prices of new flats are pegged to market rates, albeit at a discount, another chance to cash out at such a significant premium is unlikely to happen any time soon. In flat sales launched this year, for instance, the price of a four-room balance flat in Queenstown ranged from $505,000 to $613,000, while a unit in Punggol cost $257,000 to $333,000. 'The resale price index is likely to remain stagnant in the coming year, and any growth would be very small,' he added. Meanwhile, astute real estate agents are tracking MOP dates to find out where to lobby residents to sell. ERA agent Chris Neo said the pickings were hottest in Strathmore Avenue two years ago and Redhill Road last year. 'Most flats that have their MOPs up this year are likely to make a profit. It's only a matter of how much.' darylc@sph.com.sg
  13. [extract] 2011 was a record year for the VW Group, posting 8.36 million sales worldwide. The man at the helm, Martin Winterkorn, naturally gets rewarded handsomely as VW nearly doubled the pay for its chief executive. Winterkorn earned
  14. Motor insurance has increased in recent years, I seriously hope they (Insurance Companies) will think about rewarding loyal customers. Singapore motor insurers make first profit since 2005 Published on Mar 14, 2012 By Christopher Tan Most motorists - especially those who have been accident-free - can expect a breather when they next renew their motor insurance, after years of unrelenting premium rises. Motor insurers posted an underwriting profit of $21.2 million in 2011, the first after five consecutive years of losses. At its annual briefing on Wednesday, the General Insurance Association (GIA) said the average premium collected from motor insurance - which still forms the single biggest segment for the industry - rose by 2.5 per cent in 2011 to an all-time high of $1,274. Average motor premium had been rising year on year since 2006, when it was $867.
  15. Malaysian state energy firm Petronas said Monday net profit fell 34 percent in the third quarter and warned of challenging times ahead due to global economic uncertainty. Profit at Malaysia's biggest company dipped to 15.6 billion ringgit ($5.2 billion) in the three months to December 31, compared to 23.7 billion in the corresponding period a year before. Petronas attributed the drop to a higher base of comparison in the third quarter of 2010 due to one-off gains from the listing of two subsidiaries that amounted to 9.2 billion ringgit. Petronas said cumulative profit for the nine months to December 31 was 10.6 percent higher than the same period a year earlier, reaching 55.6 billion ringgit due mainly to higher crude oil prices and sales. Revenue for the period rose 26.9 percent to 222.80 billion ringgit. But Petronas president and CEO Shamsul Azhar Abbas warned that this year and next would be tough due to uncertainties in crude oil prices on the back of Europe's economic woes and lower expected crude production. "Europe is going into a recession. Demand from BRIC economies -- Brazil, Russia, India and China -- is going to be weak," he told reporters, adding that "geo-political tensions in the Middle East" were also clouding the outlook. The next two years would "not be as strong as we have seen last year as the current crude oil prices won't last long," he added. Shamsul said crude oil prices were expected to hover at between $85 to $90 per barrel this year -- compared to around $110 currently -- before rebounding in 2014. Shamsul said Petronas would continue to focus on domestic exploration in deepwater areas and on re-exploration in marginal fields as it faces depleting oil and gas reserves in the country. Crude output was expected to be lower in 2012 due to depletion, he said. "Our challenge is going to be in production," he said. Petronas -- Malaysia's only Fortune 500 company -- contributes almost half of the country's budget revenues. Although the recent quarter was the third of the fiscal year, Petronas has ended the financial year on December 31 as part of an adjustment that will see its new financial year start from January 1 from now on.
  16. Should not "profits" go back to taxpayers instead of the government?
  17. FaezClutchless

    Mazda seeks for new partners

    [extract] It is not a secret about Mazda having zero net profit for the past three years and it is likely that the Japanese auto giant is going to go through another year of financial loss. And due to this, Mazda is looking for partners to share development and manufacturing costs so as to return to profitability. According to the company
  18. Toyota has announced profits of US$314 million for the first three months of 2011, down 77% as compared to the same period a year ago. Fortunately, Toyota still managed to remain profitable in spite of the March 11 earthquake that caused most Japanese plants to shut down. Toyota's sales were predictably low for the quarter, and revenue was hurt as a result. Toyota's profits for its fiscal fourth quarter may be disappointing, but the automaker is likely to release even less promising figures for the first 6 months of 2011. This is because Toyota is still struggling through supply issues, with many plants running at only 50% capacity, if they're running at all. Further, Toyota says that dealers in the U.S. and China are likely to see less products in the coming months, which could lead to much lower revenue. On a brighter note, Toyota now says that production should ramp up to 70% of capacity by June, up from previous estimates of July or August. That should help get Toyota back on its feet faster, which is good for employment as well. For the whole fiscal year, Toyota earned US$5.9 billion or nearly three times the profit of fiscal year 2009. Revenue was also up by 0.2% to $237 billion on sales of 7.3 million vehicles, up by 71,000 units as compared to 2009. The outlook for Toyota doesn
  19. Parkingidiot

    SMRT NETT Profit rises 50%

    How come no one post this yet? http://www.channelnewsasia.com/stories/sin...1125779/1/.html
  20. Parkingidiot

    SMRT NETT Profit rises 50%

    --- delete duplicate ---
  21. This vw tiguan was on sale by owner at $98k http://www.sgcarmart.com/used_cars/info.ph...700&DL=1000 Dealer bought and selling it for $13.8k http://www.sgcarmart.com/used_cars/info.ph...895&DL=1156 A whopping $15k profit sia.... The Coe of this car very low ard $3k only.
  22. Sunday, January 02, 2011ERP fine My car pass a ERP gantry point with the ERP card not properly inserted. I discovered it immediately and called to inform LTA. They said, "wait for the notice". The ERP notice came one week later. The ERP fee was $1 and the fine was $10. I wonder why the LTA refused to collect the $1 from me, when I found the mistake. They wanted to impose the fine of $10 for the oversight. This is inconsiderate. They government wants to make a profit from an honest mistake! I am aware that the LTA did have some administrative work to print and mail the notice. But this is work that they create for themselves under their system. If they have a friendlier system, they could have taken my report and notify the computer that the matter was settled. But, the LTA preferred to follow their own procedure, for their own convenience, and impost a cost on the citizens. I hope that our government leaders and civil servants realize that they have to treat the people fairly and not impose a burden on them. Tan Kin Lian Report Nuff said.....