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Year 2012

Over 2 Million Dollars For A Public Housing Apartment

Saturday, 29th December 2012

An executive condominium (EC) penthouse from HDB (Housing Development Board) public housing project was sold at a record price of S$2.05 million. A spokesman for the CityLife Tampines housing project said the sale was made within the second hour after the show flat was opened for public viewing. The unit with a huge roof top deck and about 2,800 sq ft of living space was sold to a young twenty something couple.

Star Peddler Quit Singapore

Friday, 28th December 2012

Singapore table-tennis stars Li Jiawei called it a day and retiring back to home in Beijing, China. China-born Li became a Singapore citizen at the age of 18 years under the Foreign Sports Talent Scheme and in her hay days was ranked as high as world number three. Over the years, she has collected nearly $1.5 million in performance incentives from Singapore Government via Singapore Table Tennis Association (STTA) located in Toa Payoh Stadium.

Change In Credit Card Usage Rules

Saturday, 22nd December 2012

The Monetary Authority of Singapore (MAS) has the Credit Card rules changed to encourage the responsible use of credit card and unsecured credit.

Carrefour Done For In Singapore

Saturday, 15th December 2012

Carrefour shut down all of its operations in Singapore which comprise two outlets at Suntec City and Plaza Singapura, by end of 2012. Dairy Farm’s hypermarket arm, Giant, will replace Carrefour as anchor grocer, taking a 60,000 sq ft shop space in a separate location at Suntec City.

PAP MP Embarrassed PAP

Wednesday, 12th December 2012

Michael Palmer, MP, resigned from PAP to avoid further shaming ruling Peoples' Action Party, PAP. MP is also Punggol East MP, Member of Parliament, said he was resigning to avoid "further embarrassment" to PAP for "improper relationship" with a People's Association (PA) staff member in his constituency. He is also Singapore's Speaker of Parliament.

RSAF New Advanced Jet Trainer Arrived At Cazaux

Thursday, 15th November 2012

The first advanced trainer Alenia Aermacchi M-346 of the Republic of Singapore Air Force arrived at Cazaux Airbase in France. The M346 Advanced Jet Trainer is the replacement of old Douglas TA-4 Skyhawk.

Genneva Gold Office Raided

Monday, 1st October 2012

On the 1st of October 2012, Genneva Gold was raided by both the authorities in Malaysia and Singapore for suspected offences including illegal deposit taking, money laundering, tax evasion and avoidance, false description (misrepresentations), appointment of agents without licence, and failing to lodge statutory documents.

No GST for Investment-Grade gold & precious metals

Monday, 1st October 2012

Investment-grade gold (in the form of a bar, ingot, coin or wafer) must be in purity of 99.5% and above, with the following characteristics that differentiates it from gold in other forms such as jewellery: (i) Capable of being traded on the international bullion market; (ii) Bears a mark/ characteristic accepted as guaranteeing its quality; and (iii) Trade at a price based on the spot price of the metal it contains.

Let The F1 Circus Begin

Friday, 21st September 2012

In the words of Singapore ex-Prime Minister "driving around and then going into the pits; after that, changing the tyres and revving out again ... makes no sense to me." He said he could not understand the allure of such events. For the next 3 days, Singaporeans and Foreigners alike will have to bear with the noise of these loud machines and massive traffic jams into and out of the city due to traffic diversions.

Kate & Willie Unveiled Jet Engine

Tuesday, 11th September 2012

UK Prince William and his wife Catherine, aka Duke and Duchess of Cambridge, unveiled the first plane jet engine to be produced by Rolls-Royce at its new factory in Seletar, Singapore. The royal couple introduced the Trent 900 jet which powers the Airbus A380.

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