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Oxley Holdings Limited, a property developer listed on the Singapore Exchange, has issued a profit guidance announcement indicating expected losses for the second half and...
The government's recent intervention in the HDB resale market, through the reduction of the loan-to-value limit, is seen as a necessary measure to curb speculative behavior and prevent a property bubble. Experts believe that this move could make buyers more cautious, potentially leading to a cooling of the market.
Nelson Loh Ne-Loon, the co-founder of Novena Global Healthcare Group (NGHG) and a former Newcastle United takeover bid proponent, has been sentenced to 15 years and nine months in prison for orchestrating a massive loan fraud.