Big Moves in Real Estate and In Singapore

A real estate company takes large strides in Singapore recently.

The shocked is felt by the financial sectors. Ownership is being exchanged through business hands and for very large sums. The aim in mind is the ownership of portfolio specs that Warren Buffet would consider.

Some specs represent hundreds of million of dollars in value.

Hence, those in finance know about this deal. The undertaking being made should then be obvious. Land is the target, and ownership is the goal. These are amounts the average person couldn’t dream of.

Indaibulls Real Estate has now become the majority holder of the IPIT portfolio. IPIT is a Singapore listed trust with tremendous equity to boot. Indaibulls Real Estate’s stake was a 51.18 percent takeover through shares. This is how it acquired its newly found wealth and ownership. The playing field has changed.

expat loansIts prior stake was in Indaibulls Properties Investment Trust. This was also a substantial holding to say the least. See expat loans and business loan Singapore for initial commercial and business use.

That happened to be a portfolio of commercial office space with high rental prices. It contained over 3 million sq ft in the portfolio. This equals its total and living equity. It also has an equal land mass of 3 million sq ft as residential space that are under construction.

The newly developed residential will be worth its weight in gold when completed.

The acquisition of 27,696,100 units were gathered up on the Singapore Exchange Securities Trading. The merger and acquisition are completely legal.

The filing concluded that IPIT is to be the majority owner of the subsidiary company. Indaibulls Real Estate will now consolidate IPIT’s financial into itself and take into account the fiscal year’s first quarter. But IBREL does position itself to take on debt with a basic increase of roughly 2,918 crore also.

The Best Known (and Most Colorful!) Cultural Festivals in Singapore

Singapore personal cash loansOne of Singapore’s most unique charms is its incredible blend of cultures and ethnicities.  Located at the very tip of one of the islands of Malaysia, Singapore is an incredible melting pot of Hindi, Buddhist, Chinese, and other cultures all congregated in one small nation.  Each of these cultures has its own rituals, beliefs, and colorful festivals that must be seen to be believed.  Whether you’re planning a future trip to Singapore or you’re simply curious about the country, here are a few best-known –and colorful! – festivals held all around the country at various times of the year.

 Pongal

This Tamil festival is a harvest festival celebrating Surya, the Sun God.  Over a period of four days, Little India comes alive with ethnic dances and performances, a mini-village featuring cultural souvenirs, a mass cooking competition, and a stunning light-up display.

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Thaipusam

Participants in this Hindu festival honoring Lord Subramaniam fast and pray for up to 48 days prior to this unusual festival.  During the festival, you might see some brave souls carrying spiked portable altars (kavadis) with those spikes piercing their torsos.  Others carry simpler wooden kavadis or pots filled with milk.

Chinese New Year

One of the best known Asian cultural festivals in the world, the Chinese New Year is a time of great celebration.  Bad luck is banished via vigorous spring cleaning, and good luck is welcomed with red and gold decorations and stunning new clothes.  Some highlights of the two week festival period include the Chingay Parade and the Lion Dance competition.

Vesak Day

This day is important to Buddhists, as they celebrate the birth, enlightenment, and death of Buddha.  During the celebrations, many Buddhists do good deeds such as giving food and money to the needy or releasing caged birds.

Dragon Boat Festival

personal loan for foreigners in SingaporeKnown by many names including Duanwu, Tuen Ng, and Double Fifth Festival (due to falling on the fifth day of the fifth month) this traditional boat race draws crowds by the thousands.  Spectators dine on sticky rice dumplings (zongzi) while watching competing crews paddle to the finish line while accompanied by drums.