Private home prices expected to be relatively stable: analyst

SINGAPORE: Colliers International said private home prices are expected to remain relatively stable with marginal downside this year, thanks to the government's latest cooling measures imposed in January 2013.

In the face of mounting supply, rents are also expected to weaken this year.

According to a report by Colliers International, average monthly gross rents of luxury/super-luxury homes are expected to decline by up to a maximum of 10 per cent in 2013.

Meanwhile, Colliers said Singapore's residential property market saw a record breaking year in 2012.

This was despite noticeably subdued market activity in the fourth quarter of 2012, following recent property cooling measures.

Colliers said the home buying frenzy which started in January last year brought developers' sales volumes for 2012 to a record high as early as September.

This was boosted by a record number of new units released by developers as well.

4,283 new units were sold in the fourth quarter of last year, raising the primary sales volume to 22,127 units for the whole of 2012.

This breaks the previous record of 16,292 new units sold in 2010 by 35.8 per cent.

Meanwhile, developers launched a total of 21,511 new private homes last year, surpassing the previous highs of 17,710 units recorded in 2011 by 21.5 per cent.

But on a quarterly basis, developer launches and sales volumes dipped below 5,000 units last quarter due to the traditional year-end festive and holiday season and a weaker sentiment.

The number of new units released fell from an average of 6,023 units for the first three quarters to 3,441 in the last quarter of 2012.

Similarly, developer sales in the three months ending December 2012 fell 27.6 per cent on-quarter to 4,238 units from 5,916 units sold from July to September.

Meanwhile, mass market projects located in the Outside Central Region (OCR) dominated activities in the primary market in the last three months of 2012, contributing to 51.0 per cent of developer launches and 63.1 per cent of developer sales during this period.

Homes in the Rest of the Central region (RCR) contributed 31.5 per cent of island-wide launches and 22.8 per cent of developer sales in three months ending December 2012.

The Colliers report also stated that the narrowing price gap between mid-tier and mass market homes located in suburban areas saw home-buyers committing to 975 new units in 4Q2012, up 19.8 per cent on quarter from the 814 units sold in the third quarter of last year.

Launches and sales of new homes in the Core Central Region (CCR) meanwhile accounted for 17.5 per cent and 14.1 per cent of island-wide launch and sales volumes in 4Q2012.

Developer launches in that segment also slid 2.4 per cent from the third quarter while sales dropped 6.5 per cent on-quarter during the October to December period.

All three market regions (OCR, RCR and CCR) experienced higher rates of price growth in 2012, although the pace of price increase varied across the different regions.

- CNA/xq

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Centre asks Tamil Nadu govt to reconsider ban on 'Vishwaroopam'

NEW DELHI: The Centre on Thursday asked Tamil Nadu government to reconsider its decision to ban the screening of KamalHaasan's film " Vishwaroopam" saying the Supreme Court had in a verdict held that the censor board's view on such matters was binding on all.

"The Supreme Court of India in Prakash Jha's matter had the occasion of considering the various provisions of the Cinematograph Act and juxtaposing them against the law and order powers which the state government has under the Constitution," information and broadcasting minister Manish Tewari said here.

"And the Supreme Court was very categorical that Article 246, seventh schedule, list one, entry sixty gives the central government the powers to certify films for exhibition and once the Central Board for Film Certification has taken a particular view, it binds all the other instrumentalities of the state," he added.

Tewari asked Tamil Nadu government to study the earlier verdict of the apex court before it acted in the matter.

"I suggest that Tamil Nadu government peruse that judgment of the Supreme Court in Prakash Jha's case before coming to any conclusion which may fall foul of the very clear directive which the court has given," Tewari added.

Tamil Nadu government had on Wednesday banned the screening of the big-budget Kamal Haasan film following protests by some Muslim organizations against alleged depiction of their community in a negative light.

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Deformed Dolphin Accepted Into New Family

In 2011, behavioral ecologists Alexander Wilson and Jens Krause of the Leibniz-Institute of Freshwater Ecology and Inland Fisheries in Germany were surprised to discover that a group of sperm whales (Physeter macrocephalus)—animals not usually known for forging bonds with other species—had taken in an adult bottlenose dolphin (Tursiops truncatus).

The researchers observed the group in the ocean surrounding the Azores (map)—about 1,000 miles (1,600 kilometers) off the coast of Lisbon, Portugal—for eight days as the dolphin traveled, foraged, and played with both the adult whales and their calves. When the dolphin rubbed its body against the whales, they would sometimes return the gesture.

Among terrestrial animals, cross-species interactions are not uncommon. These mostly temporary alliances are forged for foraging benefits and protection against predators, said Wilson.

They could also be satisfying a desire for the company of other animals, added marine biologist John Francis, vice president for research, conservation, and exploration at the National Geographic Society (the Society owns National Geographic news).

Photographs of dogs nursing tiger cubs, stories of a signing gorilla adopting a pet cat, and videos of a leopard caring for a baby baboon have long circulated the web and caught national attention.

A Rare Alliance

And although dolphins are known for being sociable animals, Wilson called the alliance between sperm whale and bottlenose dolphin rare, as it has never, to his knowledge, been witnessed before.

This association may have started with something called bow riding, a common behavior among dolphins during which they ride the pressure waves generated by the bow of a ship or, in this case, whales, suggested Francis.

"Hanging around slower creatures to catch a ride might have been the first advantage [of such behavior]," he said, adding that this may have also started out as simply a playful encounter.

Wilson suggested that the dolphin's peculiar spinal shape made it more likely to initiate an interaction with the large and slow-moving whales. "Perhaps it could not keep up with or was picked on by other members of its dolphin group," he said in an email.

Default

But the "million-dollar question," as Wilson puts it, is why the whales accepted the lone dolphin. Among several theories presented in an upcoming paper in Aquatic Mammals describing the scientists' observations, they propose that the dolphin may have been regarded as nonthreatening and that it was accepted by default because of the way adult sperm whales "babysit" their calves.

Sperm whales alternate their dives between group members, always leaving one adult near the surface to watch the juveniles. "What is likely is that the presence of the calves—which cannot dive very deep or for very long—allowed the dolphin to maintain contact with the group," Wilson said.

Wilson doesn't believe the dolphin approached the sperm whales for help in protecting itself from predators, since there aren't many dolphin predators in the waters surrounding the Azores.

But Francis was not so quick to discount the idea. "I don't buy that there is no predator in the lifelong experience of the whales and dolphins frequenting the Azores," he said.

He suggested that it could be just as possible that the sperm whales accepted the dolphin for added protection against their own predators, like the killer whale (Orcinus orca), while traveling. "They see killer whales off the Azores, and while they may not be around regularly, it does not take a lot of encounters to make [other] whales defensive," he said.

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N. Korea Vows More Nuke Tests Targeting U.S.

In a bellicose statement singling out the United States as the "sworn enemy" of the Korean people, North Korea today announced plans for a third nuclear test and continued rocket launches.

The move is seen as a disappointment to those who hoped the country's new leader, Kim Jong-Un, might take a less aggressive path than his predecessor and father, Kim Jong-il.

It is also seen as a direct challenge to President Obama and South Korea's newly elected president, Park Geun-hye, who takes office next month.

The statement from North Korea's National Defense Commission read:

"Settling accounts with the U.S. needs to be done with force, not with words as it regards jungle law as the rule of its survival."

The renewed threats come in response to the U.S. backed resolution tightening sanctions against North Korea after its December rocket launch.

At that time, North Korea repeatedly insisted that the launch was simply part of its peaceful space program. The recent statement made no mention of that.

It read: "We are not disguising the fact that the various satellites and long-range rockets that we will fire and the high-level nuclear test we will carry out are targeted at the United States."

South Korean officials analyzed debris from the December launch that, they say, indicates North Korea built and tested crucial components for a missile that can fly further than 6,200 miles.

Analysts say that preparations at the Pungyee test site in northeastern North Korea are underway and that a new underground test could take place on short notice.

Within the international monitoring community it is not believed that North Korea currently has the capability to launch a long-range rocket with the capacity to reach the United States or the technology to mount a nuclear warhead on a long-range missile. But the U.S. is not pleased with North Korea's plans. Glyn Davies, the top U.S. envoy to the region, said in Seoul, "We hope they don't do it. We call on them not to do it."

China, North Korea's main ally in the region, is also urging restraint. China backed the U.S. resolution at the United Nations and today the Foreign Ministry cautioned North Korea not to take further steps to increase tension.

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PM Lee says he is aware of childcare concerns

SINGAPORE: Prime Minister Lee Hsien Loong has written on his Facebook page that he is aware many couples and parents are worried about childcare for their young children, especially when both adults are working.

He noted that they had raised their concerns and commented on this when he posted on the Marriage & Parenthood Package on Monday.

Mr Lee added that the government is increasing child and infant care subsidies, for families with a gross monthly income of up to S$7,500 and expanding the number of good quality and affordable childcare centres.

This will give parents with young children greater peace of mind, and hopefully encourage couples to have more children.

- CNA/xq

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Too early to normalize relations with Pakistan: India

NEW DELHI: A day after India declined Pakistan's offer for talks, defence minister AK Antony on Wednesday said the military flare-up along the line of control (LoC) in Jammu and Kashmir may have eased but it was too early to get back to normal business as usual with Islamabad.

"It's too early to talk about normalizing the relations. We have to wait and watch, assess the ground situation and other factors. Regarding the future course of action and relations in the future, we will not take a hasty decision," said Antony.

Holding that infiltration bids by militants along the 778km LoC were in progress even now during the extreme winter, when many mountain passes are snowed under, the minister said, "If this is the case now, what will be the position (of infiltration) in the summer?"

The situation on the LoC had turned red-hot, with the two armies exchanging heavy fire on a daily basis, after Pakistani Army "regulars" crossed over into the Mendhar sector in J&K and beheaded an Indian soldier and mutilated the body of another on January 8. Indian officials said the Pakistani Army had violated the ceasefire, which had come into force in November 2003, almost 15 times since January 1.

It was finally only on January 16 that the military de-escalation had kicked in after the Pakistani director-general of military operations had told his Indian counterpart that orders had been issued to his troops to firmly uphold the ceasefire.

The diplomatic chill, however, persists. "After the latest round of talks between the two DGMOs, the tension on the LoC has reduced but I cannot say or set a timeline for normalizing the atmosphere ... It depends on so many factors," said Antony.

"We have to cross our fingers and after the tragic and inhuman incident, even though Pakistan has assured us certain things, we have to see how this assurance translates into action," he added.

The Army, on its part, says the infrastructure of terrorism is still "very much intact" across the border, with over 2,500 militants in 43 terror-training camps. Moreover, around 450 terrorists are present on "border launch pads" waiting for an opportunity to sneak into India, with militant outfits like Lashkar-e-Taiba working in close conjunction with the Pakistan Army to launch attacks in India.

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The Promise and Perils of Mining Asteroids

Encouraged by new space technologies, a growing fleet of commercial rockets and the vast potential to generate riches, a group of entrepreneurs announced Tuesday that they planned to mine the thousands of near-Earth asteroids in the coming decades.

The new company, Deep Space Industries (DSI), is not the first in the field, nor is it the most well-financed. But with their ambition to become the first asteroid prospectors, and ultimately miners and manufacturers, they are aggressively going after what Mark Sonter, a member of DSI's board of directors, called "the main resource opportunity of the 21st century." (Related: "Asteroid Hunter to Be First Private Deep-Space Mission?")

Prospecting using miniaturized "cubesat" probes the size of a laptop will begin by 2015, company executives announced. They plan to return collections of asteroid samples to Earth not long after.

"Using low cost technologies, and combining the legacy of [the United States'] space program with the innovation of today's young high tech geniuses, we will do things that would have been impossible just a few years ago," said Rick Tumlinson, company chairman and a longtime visionary and organizer in the world of commercial space [not sure what commercial space means].

"We sit in a sea of resources so infinite they're impossible to describe," Tumlinson said.

Added Value

There are some 9,000 asteroids described as "near-Earth," and they contain several classes of resources that entrepreneurs are now eyeing as economically valuable.

Elements such as gold and platinum can be found on some asteroids. But water, silicon, nickel, and iron are the elements expected to become central to a space "economy" should it ever develop.

Water can be "mined" for its hydrogen (a fuel) and oxygen (needed for humans in space), while silicon can be used for solar power systems, and the ubiquitous nickel and iron for potential space manufacturing. (See an interactive on asteroid mining.)

Sonter, an Australian mining consultant and asteroid specialist, said that 700 to 800 near-Earth asteroids are easier to reach and land on than the moon.

DSI's prospecting spacecraft will be called "FireFlies," a reference to the popular science fiction television series of the same name. The FireFlies will hitchhike on rockets carrying up communication satellites or scientific instruments, but they will be designed so that they also have their own propulsion systems. The larger mining spacecraft to follow have been named "DragonFlies."

Efficiencies

It all sounds like science fiction, but CEO David Gump said that the technology is evolving so quickly that a space economy can soon become a reality. Providing resources from beyond Earth to power spacecraft and keep space travelers alive is the logical way to go.

That's because the most expensive and resource-intensive aspect of space travel is pushing through the Earth's atmosphere. Some 90 percent of the weight lifted by a rocket sending a capsule to Mars is fuel. Speaking during a press conference at the Santa Monica Museum of Flying in California, Gump said that Mars exploration would be much cheaper, and more efficient, if some of the fuel could be picked up en route. (Related: "7 Ways You Could Blast Off by 2023.")

Although there is little competition in the asteroid mining field so far, DSI has some large hurdles ahead of it. The first company to announce plans for asteroid mining was Planetary Resources, Inc. in spring 2012—the group is backed by big-name investors such as Google's Larry Page and Eric Schmidt, filmmaker James Cameron, and early Google investor Ram Shriram. DSI is still looking for funding.

Owning Asteroids

While these potential space entrepreneurs are confident they can physically lay claim to resources beyond Earth, there remain untested legal issues.

The United Nations Space Treaty of 1967 expressly forbids ownership of other celestial bodies by governments on Earth. But American administrations have long argued that the same is not true of private companies and potential mining rights.

While an American court has ruled that an individual cannot own an asteroid—as in the case of Gregory Nemitz, who laid claim to 433 Eros as a NASA spacecraft was approaching it in 2001—the question of extraction rights has not been tested.

Moon rocks brought back to Earth during the Apollo program are considered to belong to the United States, and the Russian space agency has sold some moon samples it has returned to Earth-sales seen by some as setting a precedent.

Despite the potential for future legal issues, DSI's Gump said his group recently met with top NASA officials to discuss issues regarding technology and capital, and came away optimistic. "There's a great hunger for the idea of getting space missions done with smaller, cheaper 'cubesat' technology and for increased private sector involvement."

Everyone involved acknowledged the vast challenges and risks ahead, but they see an equally vast potential—both financial and societal.

"Over the decades, we believe these efforts will help expand the civilization of Earth into the cosmos, and change what it means to be a citizen of this planet," Tumlinson said.

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Te'o Tells Couric He Briefly Lied About Girlfriend

Manti Te'o briefly lied to the media and the public after discovering his online girlfriend did not exist and was a part of an elaborate hoax, he admitted in an exclusive interview with ABC News' Katie Couric.

The star Notre Dame linebacker, who has been hounded by the reporters since the story broke Jan. 16, told Couric in a taped interview Tuesday that he was not lying up until December. Te'o said he was duped into believing his online girlfriend, Lennay Kekua, died of cancer.

"You stuck to the script. And you knew that something was amiss, Manti," Couric said.

Te'o found out that Kekua was a hoax on Dec. 6, but on Dec. 8 he again publicly mentioned his girlfriend. The remark came as Te'o was a finalist for the Heisman Trophy, the award for the best college football player in the country. Te'o was eventually a runner-up for the trophy.

"Katie, put yourself in my situation. I, my whole world told me that she died on Sept. 12. Everybody knew that. This girl, who I committed myself to, died on Sept. 12," Te'o said.

"Now I get a phone call on Dec. 6, saying that she's alive and then I'm going be put on national TV two days later. And to ask me about the same question. You know, what would you do?" Te'o said.

Man Allegedly Behind the Manti Te?o Dead Girlfriend Hoax Watch Video

See more exclusive previews tonight on "World News With Diane Sawyer" and "Nightline." Watch Katie Couric's interview with Manti Te'o and his parents Thursday. Check your local listings or click here for online station finder.

Te'o, 21, was joined by his parents, Brian and Ottilia, in the interview.

"Now many people writing about this are calling your son a liar. They are saying he manipulated the truth, really for personal gain," Couric said to Te'o's father.

"People can speculate about what they think he is. I've known him 21 years of his life. And he's not a liar. He's a kid," Brian Te'o said with tears in his eyes.

Click here for a who's who in the Manti Te'o case.

Diane O'Meara told NBC's "Today" show Tuesday that she was used as the "face" of the Twitter account of Manti Te'o's online girlfriend without her knowledge or consent.

O'Meara said that Ronaiah Tuiasosopo used pictures of her without her knowledge in creating Kekua.

"I've never met Manti Te'o in my entire life. I've never spoke with him. I've never exchanged words with him," O'Meara said Tuesday.

The 23-year-old marketing executive went to high school in California with Tuiasosopo, but she says they're not close. Tuiasosopo called to apologize the day Deadspin.com broke the hoax story, she said.

Timeline of Manti Te'o girlfriend hoax story

In an interview with ESPN last week, Te'o said he had received a Twitter message from Tuiasosopo apologizing for the hoax.

The Hawaiian also spoke to Tuiasosopo on the phone the day the Deadspin report came out, according to ESPN.com. He found out that "two guys and a girl are responsible for the whole thing," he said.

But he did not know the identities of the other individuals involved, other than the man he says was Tuiasosopo.

Tuiasosopo, a 22-year-old resident of California, has not admitted involvement publicly. Tuiasosopo graduated from Paraclete High School in Lancaster, Calif., in 2007 and has posted dozens of videos online signing Christian songs.

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There is scope for more opposition voices in Parliament: WP

SINGAPORE - The Workers' Party (WP) held its second rally for the Punggol East by-election on Tuesday evening.

Several WP members including party MPs Png Eng Huat and Chen Show Mao as well as NCMP Yee Jenn Jong took to the stage.

Party leaders Low Thia Khiang and Sylvia Lim as well as WP candidate for Punggol East, Lee Li Lian, were the last few to speak.

The speakers told the audience that there is scope for more opposition voices in Parliament.

Several also countered comments by the ruling People's Action Party (PAP) that it is a fallacy to believe residents can have the best of both worlds.

MP Png shared the experience of Hougang, where he said the PAP grassroots adviser has the machinery of the PAP's grassroots activists behind him.

Several speakers defended the WP's performance in Parliament, saying the party's MPs have made a difference - for example, moving a motion on the childcare sector and questioning the ethnic integration quota policy for rental flats.

The speakers added that opposition MPs too work closely with government agencies to solve residents' problems.

Ms Lee addressed a variety of issues faced by residents in Punggol East, including the state of Rivervale Mall and a lack of feeder buses and coffeeshops.

"We need more facilities and amenities in Punggol East. These were highlighted in 2011 - did PAP listen? We will push on issues that matter until we see policy changes that serve you," she said.

She also said that Singapore must take care of the elderly, to "serve them like they served us". Public transport for those above 80 should be free and more elderly-friendly, she said.

Ms Lee wrapped up the rally, saying: "I am filled with hope for Punggol East. Let's work together to create a Punggol with character."

WP chairman Sylvia Lim raised the controversial issue of the sale of computer software by PAP town councils to the Action Information Management, or AIM, a company fully owned by the PAP.

She said: "In other words, if a PAP ward is lost to an opposition party, the contract may be terminated within a short time. Let us pause for a moment and ponder: why is there such a clause in TC (town council) contracts? I have been cracking my head over this. Will the service provider be unable to perform just because the MPs have changed? Or, is the clause there - in case constituencies are lost by the PAP - to trip up the incoming opposition MPs?"

Prime Minister Lee Hsien Loong has since asked the National Development Ministry (MND) to review the transaction. He also said MND will take a broad-based approach, including re-examining the fundamental nature of town councils, with a view to ensuring high overall standards of their corporate governance.

Ms Lim said: "This episode illustrates the way Workers' Party works. We will press the government on matters of public interest using all tools available including the parliamentary process. At the same time, if the government recognises the problem and takes some action, we will want to allow it the opportunity to put things right. This also illustrates the values of political competition in furthering the public interest."

- CNA/ir

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Akhilesh Yadav pulls up partymen for 'misuse' of party flags

LUCKNOW: Giving a strict message to partymen to be disciplined, Uttar Pradesh chief minister Akhilesh Yadav today said that he was getting complaints from various quarters regarding "misuse" of party flags that are being used in cars and the practise should immediately be checked.

"I am getting complaints from various quarters that party flags are being misused. The practise should be checked immediately...", Yadav said while addressing a gathering on the occasion of third death anniversary of party leader Jyaneshwar Mishra here.

About Mishra, Singh said that the scheme launched in his name would change the face of 1,000 villages in the state besides developing a park in the state capital.

"Some people wanted to claim on the park to be named after Jyaneshwar Mishra but we have give proof in the court regarding this...This park would be a big one and a tribute to the SP leader", he said.

Regarding party's 2014 preparations, Yadav said that partymen would have to gear up, otherwise they would lag behind others.

SP supremo Mulayam Singh Yadav in his address attributed son Akhilesh's entry into the politics to Mishra and said, "it was Mishra, who proposed Akhilesh's name from Kannauj seat, which was vacated by me after winning from Sambhal too".

Yadav said that it was the dream of Mishra to see party performing decisive role at the Centre and partymen should try to fulfil his dream.

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