Carro, Southeast Asia's largest automotive marketplace, today announced the launch of Singapore's very first subscription-based car service. Carro offers consumers the flexibility of selecting a plan and driving off with a car of their choice without the hassle of traditional car ownership. Carro understands that today's generation of drivers wants to enjoy the convenience of owning a "A typical person takes nearly six years to pay off their car loan, two-thirds of them even trade in "Car ownership in Singapore has reached an inflexion point and this offering is going to revolutionise car ownership in the country. We are empowering consumers with the flexibility to drive the car of choice with the option to return it at any time, no strings attached." Through Carro's flexible subscription-based service, currently available in three plans - Daily, Carro is transforming car ownership through its 360-degree approach which includes buying Carro Subscription Plans: Daily: For $1,199 a … [Read more...] about Carro launches Singapore’s very first subscription-based car service
Launching price
Rocket Lab successfully launches its first commercial payload into orbit
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By Andy Pasztor The Wall Street Journal Sun., Nov. 11, 2018 Rocket Lab, a U.S.-New Zealand startup that seeks to set the pace for frequent, inexpensive launches of small satellites into relatively low orbits around the earth, has successfully blasted its first commercial payload into space. The company’s Electron booster, featuring lightweight composite tanks and 3D-printed engines, lofted six satellites into orbit from a remote launch facility on the east coast of New Zealand at around 4:50 p.m. local time on Sunday. Following a successful test flight in January, a scrubbed launch in April and then a roughly seven-month delay to redesign a key engine component, the 56-foot tall booster carried with it the ambitions of a budding market segment that aims to drastically cut the cost of access to space. The goal is to eventually reduce those costs to hundreds of thousands of dollars per customer for satellites weighing no more than hundreds of pounds. That … [Read more...] about Rocket Lab successfully launches its first commercial payload into orbit
Discounts, launch delays in wake of property cooling measures
New private property projects after Daintree Residence - the first new launch since the surprise round of cooling measures kicked in on July 5 - are expected to enter the market at slightly lower prices, following slower sales at some projects launched earlier this month, analysts say. Discounts of up to 5 per cent from expected launch prices and other incentives are being offered to entice buyers in the wake of the higher Additional Buyer's Stamp Duty (ABSD) rates and tighter loan limits. For instance, Parksuites in Holland Grove Road is offering an additional 5 per cent discount "for a limited time only", according to its newspaper advertisement last Saturday. … [Read more...] about Discounts, launch delays in wake of property cooling measures
Prices of resale condominiums and apartments up again: SRX
The en-bloc rally continued to boost the private home market last month, with prices of resale condominiums and apartments up again. Real estate portal SRX Property, which released the data yesterday, also noted that the monthly price change for last month was revised sharply up to 1.2 per cent from the earlier estimate of 0.6 per cent. Resale prices of non-landed private property rose 1.2 per cent last month compared with April and were a significant 10.8 per cent higher than May last year. The prime district, or Core Central Region (CCR), increased 1.3 per cent over April while the Outside of Central Region (OCR) rose 1.8 per cent. Prices in the Rest of Central Region (RCR) remained unchanged. The three regions were up between 9.9 per cent and 11.4 per cent over May last year. "We can attribute the strength in the resale market partly to the spillover effect from the en-bloc sale fever, where a significant number of collective sales of properties in the OCR and RCR were concluded in … [Read more...] about Prices of resale condominiums and apartments up again: SRX
Retail prices for cigarettes under review
The Excise Department is discussing the legality of prohibiting cigarette importers from setting their retail prices below the prices listed before Sept 16, 2017, the first day the new excise tax came into force. The tax-collecting agency can potentially level the playing field after state-owned Thailand Tobacco Monopoly (TTM) cried foul, claiming that foreign cigarette importers are exploiting the new excise levy by cutting retail prices to pay a smaller tax burden."Normal market" wording, which is stated in Section 17 of the new Act 17, under Clause 2, could be interpreted as regular retail prices before Sept 16, 2017. If that is the case, cigarette importers are not permitted to slash retail prices to understate the tax bill, said an informed source at the Excise Department.The source said the department could apply Section 17, Clause 3, which bars cigarette importers from trimming retail prices to a level below the sales price before the new law was enforced.The prohibition not … [Read more...] about Retail prices for cigarettes under review