JSTOR says it mourns `tragic loss' of Aaron Swartz

As the Internet exploded with anger over news that online activist Aaron Swartz had committed suicide on Friday, the subscription-only archive he was accused of hacking said late today that it "regretted" having been drawn to "this sad event."

Swartz, a celebrated computer activist and programming prodigy, was fighting two-year-old charges that he stole 4 million documents from the Massachusetts Institute of Technology and JSTOR, or Journal Storage, an archive of scientific journals and academic papers. If convicted, Swartz faced a maximum of $4 million in fines and more than 50 years in prison after the government increased the number of felony counts against Swartz to 13 from 4.

Federal authorities alleged that Swartz broke into computer networks at M.I.T. to illegally gain access to JSTOR's archive. But critics of the government said the Feds were unfairly trying to make an example out of Swartz. In a post today Prosecutor as bully legal scholar Larry Lessig wrote that "the government worked as hard as it could to characterize what Aaron did in the most extreme and absurd way."

Here is the text of the JSTOR release:

We are deeply saddened to hear the news about Aaron Swartz. We extend our heartfelt condolences to Aaron's family, friends, and everyone who loved, knew, and admired him. He was a truly gifted person who made important contributions to the development of the internet and the web from which we all benefit.

We have had inquiries about JSTOR's view of this sad event given the charges against Aaron and the trial scheduled for April. The case is one that we ourselves had regretted being drawn into from the outset, since JSTOR's mission is to foster widespread access to the world's body of scholarly knowledge. At the same time, as one of the largest archives of scholarly literature in the world, we must be careful stewards of the information entrusted to use by the owners and creators of that content. To that end.

Aaron returned the data he had in his possession and JSTOR settled any civil claims we might have had against him in June 2011. JSTOR is a not-for-profit service and a member of the internet community.l We will continue to work to distribute the content under our care as widely as possible while balancing the interests of researchers, students, libraries, and publishers as we pursue our commitment to the long-term preservation of this important scholarly literature. We join those who are mourning this tragic loss.


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Beijing air pollution off the charts

BEIJING People refused to venture outdoors and buildings disappeared into Beijing's murky skyline on Sunday as the air quality in China's notoriously polluted capital went off the index.

The Beijing Municipal Environmental Monitoring Center said on its website that the density of PM2.5 particulates had surpassed 700 micrograms per cubic meter in many parts of the city. The World Health Organization considers a safe daily level to be 25 micrograms per cubic meter.

PM2.5 are tiny particulate matter less than 2.5 micrometers in size, or about 1/30th the average width of a human hair. They can penetrate deep into the lungs, so measuring them is considered a more accurate reflection of air quality than other methods.

The Beijing center recommended that children and the elderly stay indoors, and that others avoid outdoor activities.

The U.S. Embassy also publishes data for PM2.5 on Twitter, and interprets the data according to more stringent standards.


A child on a bicycle is pushed by a woman on a stone arch bridge in heavy smog in Beijing, China, January 13, 2013.


/

Chen Yujie/AP Photo

In the 24-hour period up to 10 a.m. Sunday, it said 18 of the hourly readings were "beyond index." The highest number was 755, which corresponded to a PM2.5 density of 886 micrograms per cubic meter. The U.S. Environmental Protection Agency's air quality index goes up to only 500, and the agency advises that anything greater than 300 would trigger a health warning of "emergency conditions," with the entire population likely affected.

While some people vowed to stay indoors with air purifiers turned on, Beijing's streets were still fairly busy Sunday, and there was the familiar sight of heavy traffic on main thoroughfares.

A young couple strolled along hand in hand in the central business district, both with matching white masks strung around their faces. Two Taiwanese tourists wore masks they said they had brought with them because they heard Beijing's pollution was so bad.

"I don't know why there is such heavy haze these past days. It's really quite serious compared with the air quality three days ago," said a 33-year-old lawyer, who would give only his surname, Liu, as he adjusted his own mask. He said he had ventured out only because he needed to go shopping.

Beijing's air started to worsen on Thursday. The Beijing monitoring center has said the pollution is expected to linger until Tuesday.


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Poisoned Lottery Winner's Kin Were Suspicious













Urooj Khan had just brought home his $425,000 lottery check when he unexpectedly died the following day. Now, certain members of Khan's family are speaking publicly about the mystery -- and his nephew told ABC News they knew something was not right.


"He was a healthy guy, you know?" said the nephew, Minhaj Khan. "He worked so hard. He was always going about his business and, the thing is: After he won the lottery and the next day later he passes away -- it's awkward. It raises some eyebrows."


The medical examiner initially ruled Urooj Khan, 46, an immigrant from India who owned dry-cleaning businesses in Chicago, died July 20, 2012, of natural causes. But after a family member demanded more tests, authorities in November found a lethal amount of cyanide in his blood, turning the case into a homicide investigation.


"When we found out there was cyanide in his blood after the extensive toxicology reports, we had to believe that ... somebody had to kill him," Minhaj Khan said. "It had to happen, because where can you get cyanide?"


In Photos: Biggest Lotto Jackpot Winners


Authorities could be one step closer to learning what happened to Urooj Khan. A judge Friday approved an order to exhume his body at Rosehill Cemetery in Chicago as early as Thursday to perform further tests.








Lottery Winner Murdered: Widow Questioned By Police Watch Video









Moments after the court hearing, Urooj Khan's sister, Meraj Khan, remembered her brother as the kind of person who would've shared his jackpot with anyone. Speaking at the Cook County Courthouse, she hoped the exhumation would help the investigation.


"It's very hard because I wanted my brother to rest in peace, but then we have to have justice served," she said, according to ABC News station WLS in Chicago. "So if that's what it takes for him to bring justice and peace, then that's what needs to be done."


Khan reportedly did not have a will. With the investigation moving forward, his family is waging a legal fight against his widow, Shabana Ansari, 32, over more than $1 million, including Urooj Khan's lottery winnings, as well as his business and real estate holdings.


Khan's brother filed a petition Wednesday to a judge asking Citibank to release information about Khan's assets to "ultimately ensure" that [Khan's] minor daughter from a prior marriage "receives her proper share."


Ansari may have tried to cash the jackpot check after Khan's death, according to court documents, which also showed Urooj Khan's family is questioning if the couple was ever even legally married.


Ansari, Urooj Khan's second wife, who still works at the couple's dry cleaning business, has insisted they were married legally.


She has told reporters the night before her husband died, she cooked a traditional Indian meal for him and their family, including Khan's daughter and Ansari's father. Not feeling well, Khan retired early, Ansari told the Chicago Sun-Times, falling asleep in a chair, waking up in agony, then collapsing in the middle of the night. She said she called 911.


"It has been an incredibly hard time," she told ABC News earlier this week. "We went from being the happiest the day we got the check. It was the best sleep I've had. And then the next day, everything was gone.


"I am cooperating with the investigation," Ansari told ABC News. "I want the truth to come out."


Ansari has not been named a suspect, but her attorney, Steven Kozicki, said investigators did question her for more than four hours.






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France bombs Mali rebels as more troops arrive in Bamako


BAMAKO/PARIS (Reuters) - French fighter jets bombed Islamist rebels in Mali for a third day on Sunday as Paris poured more troops into the capital Bamako, awaiting the arrival of a West African force to dislodge al Qaeda-linked insurgents from the country's north.


French Defence Minister Jean-Yves Le Drian said France's dramatic intervention on Friday to bomb a convoy of heavily armed Islamist fighters sweeping southwards had stopped them from seizing Mali's capital Bamako within days.


Western countries fear Islamists could use Mali as a base for attacks on the West, forming a link with al Qaeda militants in Yemen, Somalia and North Africa.


Le Drian said former colonial power France was carrying out continuous bombing raids against the alliance of rebel groups, which seized the country's vast desert north in April.


"There are raids going on now: there were some last night, and there will be more tomorrow," Le Drian told French television. "The president is totally determined that we must eradicate these terrorists who threaten the security of Mali, our own country and Europe."


Residents said French aircraft bombed the northern town of Gao, and a Malian rebel spokesman said they bombed targets in the towns of Lere and Douentza.


Le Drian said France was deploying a further contingent of 80 soldiers to Mali on Sunday, bring the total to 550 soldiers , split between Bamako and the town of Mopti, some 500 km (300 miles) north. State-of-the-art Rafale fighter jets would be dispatched to reinforce the operation on Sunday, he said.


A Reuters cameraman reported seeing on Sunday more than 100 French troops disembarking from a military cargo plane at Bamako airport, just on the outskirts of the capital.


Bamako itself was calm on Sunday, with the sun streaking through the dust enveloping the city as the seasonal Harmattan wind blew from the Sahara. Some cars drove around with French flags draped from the windows to celebrate Paris's intervention.


Hours after opening one front against al Qaeda-linked Islamists, France mounted a commando raid to free a French hostage in Somalia held by al Shabaab militants allied to al Qaeda, but failed to stop him being killed along with a French commando.


A French pilot was killed on Friday when rebels in Mali shot down his helicopter.


President Francois Hollande has made it clear that France's aim in Mali is to support the deployment of a West African mission to retake the north, endorsed by the United Nations, the European Union and the United States.


The 15-nation West African bloc ECOWAS convened a summit for Saturday in Ivory Coast to discuss the military campaign.


With Paris pressing West African nations to deploy troops quickly, Ivory Coast President Alassane Ouattara, who holds the rotating ECOWAS chairmanship, has kick-started the operation to deploy some 3,300 African soldiers.


Ouattara was himself installed in power with French military backing in 2011 after a brief civil war triggered by former president Laurent Gbagbo's refusal to step aside after losing a late 2010 election.


"The troops will start arriving in Bamako today and tomorrow," Ali Coulibaly, Ivory Coast's African Integration Minister, said. "They will be convoyed to the front at Sevare."


HOUSE-TO-HOUSE SEARCHES


Under cover from French fighter planes and attack helicopters on Friday, Malian troops drove the Islamists out of the strategic central town of Konna, which they had seized a day earlier. A senior Malian army official said more than 100 rebel fighters had been killed.


Military analysts expressed doubt, however, that this was the start of a swift operation to retake the whole of northern Mali - a harsh, sparsely populated terrain the size of France - as neither equipment nor ground troops were ready.


In Nigeria, which will lead the ECOWAS force, a military official who asked not to be identified said it would take time to train and equip the troops.


In Konna, calm returned after three nights of combat.


"Soldiers are patrolling the streets and have encircled the town," one resident, Madame Coulibaly, told Reuters by phone. "They are searching houses for arms or hidden Islamists."


Another inhabitant said the army set up roadblocks along the route north from Sevare to Konna and was checking for rebels. President Diouncounda Traore declared a state of emergency on Friday giving the military sweeping powers to carry out searches and shut down parts of the country.


"The army is in Konna ... securing the town and to make sure it is safe," army spokesman Lieutenant Colonel Diarran Kone said.


A resident in the northern city of Gao, one of the Islamists' strongholds, had reported scores of rebel fighters were retreating northward in pickup trucks on Saturday. In Bamako, some civilians tried to contribute to the war effort.


"We are very proud and relieved that the army was able to drive the jihadists out of Konna. We hope it will not end there that is why I'm helping in my own way," said civil servant Ibrahima Kalossi, 32, one of over 40 people who queued to donate blood for wounded soldiers.


Concerned about reprisals on French soil, Hollande instructed Prime Minister Jean-Marc Ayrault to tighten security in France at public buildings and on public transport.


France advised its 6,000 citizens in Mali to leave. Thousands more French live across West Africa, particularly in Senegal and Ivory Coast.


Hollande's intervention in Mali could endanger eight French nationals being held by Islamists in the Sahara. A spokesman for one of Mali's rebel groups, Ansar Dine, said on Saturday there would be repercussions.


"There are consequences, not only for French hostages, but also for all French citizens, wherever they find themselves in the Muslim world," Sanda Ould Boumama told Reuters. "The hostages are facing death."


(Additional reporting Adama Diarra, Tiemoko Diallo and Rainer Schwenzfeier in Bamako, Joe Bavier in Abidjan and Leila Aboud in Paris; Writing by Daniel Flynn; Editing by Alison Williams)



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M'sian police to investigate rally participants' violation of terms






KUALA LUMPUR: Police will carry out investigations on participants who violated the three conditions agreed to by the rally organiser, Dang Wangi police chief ACP Zainuddin Ahmad said.

The three conditions prohibit the participants from bringing children below the age of 15 and waving placards and banners with seditious words; and compel the organiser to ensure that no more than 30,000 people were participating in the rally.

Zainuddin said the conditions were among the 27 police conditions agreed to by the organiser in accordance with Malaysia's Peaceful Assembly Act.

He said no arrests were made and no unwanted incidents occurred during the rally.

"Only two minor incidents occurred as the participants rushed to enter the stadium where the gathering was officially held, causing two senior citizens to pass out and be taken to hospital," he told reporters after the rally in Kuala Lumpur on Saturday.

Zainuddin said several opposition leaders had also commended the service and cooperation given by the police throughout the rally.

He said the number of participants attending the rally was estimated at 45,000.

He also refuted the allegation that a bomb was found at Kuala Lumpur Convention Centre area.

- Bernama/xq



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From iPad toilets to alien apps, CES brims with oddities



iPotty

The completely self-explanatory iPotty for iPad.



(Credit:
Amanda Kooser/CNET)



LAS VEGAS--CES is a bizarre proposition: thousands of people trying to digest news from thousands of exhibitors sandwiched between casinos and punctuated by taxi rides narrated by the I-can't-believe-it's-not-butter voice of Steve Wynn.


And there are random bursts of heavy metal music.


Add to that ginormous booths, loud booths, babe-filled booths, swag-filled booths, and even booths with nothing in them.


But at the heart of
CES are ideas, the lifeblood of innovation. And you don't have to go too far to find the far-out.




Just claw your way to the back end of the South Hall and you'll find purveyors of one-handed keyboards and smartphones with medical apps developed with alien assistance.


Sometimes these ideas are from lone inventors who seem on the fringes of common sense. Men and women who are convinced that their idea, no matter how unusual, will meet a need we never knew we had.




Sometimes they spring from some imponderable motive or simply a desire to get the electronics industry to lighten up a little.


Why shouldn't your utensils interact with you? And shouldn't all toilets have
tablets?


Here's to those brave souls who dare to think beyond, sometimes beyond the pale. We salute their uniqueness and crave more of their visions of what life could be like. Check out our gallery of some of the more refreshing offerings from CES 2013.




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France: Hostage dead in Somalia rescue attempt

PARIS A French commando raid to free an intelligence agent held captive for three years ended in the deaths of the hostage and a French soldier, the French military said Saturday. But the man's Islamist kidnappers said the hostage was alive and that a French soldier had been captured as well.

Confusion surrounded early reports of the botched rescue of the agent, known by his code-name Denis Allex. The intelligence agent was captured on July 14, 2009 and last seen in a video released in October pleading for the French president to help him.

But it was clear that a dangerous raid that the French defense minister said was planned with the utmost of care had gone horribly wrong. The militant Islamist group al-Shabab, which had held Allex for more than three years, said Saturday that he remained alive and in their custody, along with a new captive — a French commando wounded in the failed rescue.

French Defense Minister Jean-Yves Le Drian said one French soldier was missing and one was dead, along with 17 Islamists killed in the fighting. The Defense Ministry earlier said two commandos were killed.

"It was an extremely dangerous mission," Le Drian said.

A Somali intelligence official had earlier said the raid caused casualties but that he had no information on the hostage.

Le Drian said the operation in Somalia was unrelated to the French offensive overnight in Mali to drive back Islamist militants.

Residents of the Somali town of Bulomarer described the chaotic sounds of explosions and gunfire from what they called an al-Shabab base. An al-Shabab official said that fighting began after helicopters dropped off French soldiers.

"Five helicopters attacked a house in the town. They dropped soldiers off on the ground so that they could reach their destination ... but fighting has broken out," he said on condition of anonymity because he was not authorized to speak to the media.

The al-Shabab official said some soldiers were killed, but the group held only one dead French soldier. Later, al-Shabab released a statement saying that Allex "remains safe and far from the location of the battle." The statement said there would be a verdict in his case in two days.

The French attack was swift and loud, local residents said.

"We heard a series of explosions followed by gunfire just seconds after a helicopter flew over the town," Mohamed Ali, a resident of Bulomarer, told The Associated Press by telephone. "We don't know exactly what happened, but the place was an al-Shabab base and checkpoint."

Allex was kidnapped from a hotel in Mogadishu, Somalia, on July 14, 2009 with a colleague who later escaped. They were in Somalia to train government forces, which are fighting Islamist militiamen.

In October, French President Francois Hollande pledged to "use all means" to contact "anyone who can help free our hostages."

Read More..

Poisoned Lottery Winner's Kin Were Suspicious













Urooj Khan had just brought home his $425,000 lottery check when he unexpectedly died the following day. Now, certain members of Khan's family are speaking publicly about the mystery -- and his nephew told ABC News they knew something was not right.


"He was a healthy guy, you know?" said the nephew, Minhaj Khan said. "He worked so hard. He was always going about his business and, the thing is: After he won the lottery and the next day later he passes away -- it's awkward. It raises some eyebrows."


The medical examiner initially ruled Urooj Khan, 46, an immigrant from India who owned dry-cleaning businesses in Chicago, died July 20, 2012, of natural causes. But after a family member demanded more tests, authorities in November found a lethal amount of cyanide in his blood, turning the case into a homicide investigation.


"When we found out there was cyanide in his blood after the extensive toxicology reports, we had to believe that ... somebody had to kill him," Minhaj Khan said. "It had to happen, because where can you get cyanide?"


In Photos: Biggest Lotto Jackpot Winners


Authorities could be one step closer to learning what happened to Urooj Khan. A judge Friday approved an order to exhume his body at Rosehill Cemetery in Chicago as early as Thursday to perform further tests.








Lottery Winner Murdered: Widow Questioned By Police Watch Video









Moments after the court hearing, Urooj Khan's sister, Meraj Khan, remembered her brother as the kind of person who would've shared his jackpot with anyone. Speaking at the Cook County Courthouse, she hoped the exhumation would help the investigation.


"It's very hard because I wanted my brother to rest in peace, but then we have to have justice served," she said, according to ABC News station WLS in Chicago. "So if that's what it takes for him to bring justice and peace, then that's what needs to be done."


Khan reportedly did not have a will. With the investigation moving forward, his family is waging a legal fight against his widow, Shabana Ansari, 32, over more than $1 million, including Urooj Khan's lottery winnings, as well as his business and real estate holdings.


Khan's brother filed a petition Wednesday to a judge asking Citibank to release information about Khan's assets to "ultimately ensure" that [Khan's] minor daughter from a prior marriage "receives her proper share."


Ansari may have tried to cash the jackpot check after Khan's death, according to court documents, which also showed Urooj Khan's family is questioning if the couple was ever even legally married.


Ansari, Urooj Khan's second wife, who still works at the couple's dry cleaning business, has insisted they were married legally.


She has told reporters the night before her husband died, she cooked a traditional Indian meal for him and their family, including Khan's daughter and Ansari's father. Not feeling well, Khan retired early, Ansari told the Chicago Sun-Times, falling asleep in a chair, waking up in agony, then collapsing in the middle of the night. She said she called 911.


"It has been an incredibly hard time," she told ABC News earlier this week. "We went from being the happiest the day we got the check. It was the best sleep I've had. And then the next day, everything was gone.


"I am cooperating with the investigation," Ansari told ABC News. "I want the truth to come out."


Ansari has not been named a suspect, but her attorney, Steven Kozicki, said investigators did question her for more than four hours.






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Obama, Karzai accelerate end of U.S. combat role in Afghanistan


WASHINGTON (Reuters) - President Barack Obama and Afghan President Hamid Karzai agreed on Friday to speed up the handover of combat operations in Afghanistan to Afghan forces, raising the prospect of an accelerated U.S. withdrawal from the country and underscoring Obama's determination to wind down a long, unpopular war.


Signaling a narrowing of differences, Karzai appeared to give ground in talks at the White House on U.S. demands for immunity from prosecution for any American troops who stay in Afghanistan beyond 2014, a concession that could allow Obama to keep at least a small residual force there.


Both leaders also threw their support behind tentative Afghan reconciliation efforts with Taliban insurgents, endorsing the establishment of a Taliban political office in Qatar in hopes of bringing insurgents to inter-Afghan talks.


Outwardly, at least, the meeting appeared to be something of a success for both men, who need to show their vastly different publics they are making progress in their goals for Afghanistan. There were no signs of the friction that has frequently marked Obama's relations with Karzai.


Karzai's visit came amid stepped-up deliberations in Washington over the size and scope of the U.S. military role in Afghanistan once the NATO-led combat mission concludes at the end of 2014.


"By the end of next year, 2014, the transition will be complete," Obama said at a news conference with Karzai standing at his side. "Afghans will have full responsibility for their security, and this war will come to a responsible end."


The Obama administration has been considering a residual force of between 3,000 and 9,000 troops - far fewer than some U.S. commanders propose - to conduct counterterrorism operations and to train and assist Afghan forces.


A top Obama aide said this week that the administration does not rule out a complete withdrawal after 2014, a move that some experts say would be disastrous for the weak Afghan central government and its fledgling security apparatus.


Obama on Friday left open the possibility of that so-called "zero option" when he several times used the word "if" to suggest that a post-2014 U.S. presence was far from guaranteed.


Insisting that Afghan forces were "stepping up" faster than expected, Obama said Afghan troops would take over the lead in combat missions across the country this spring, rather than waiting until the summer as originally planned. NATO troops will then assume a "support role," he said.


"It will be a historic moment and another step toward full Afghan sovereignty," Obama said.


Obama said final decisions on this year's troop cuts and the post-2014 U.S. military role were still months away, but his comments suggested he favors a stepped-up withdrawal timetable.


There are some 66,000 U.S. troops currently in Afghanistan. Washington's NATO allies have been steadily reducing their troop numbers as well despite doubts about the ability of Afghan forces to shoulder full responsibility for security.


'WAR OF NECESSITY'


Karzai voiced satisfaction over Obama's agreement to turn over control of detention centers to Afghan authorities, a source of dispute between their countries, although the White House released no details of the accord on that subject.


Obama once called Afghanistan a "war of necessity." But he is heading into a second term looking for an orderly way out of the conflict, which was sparked by the September 11, 2001, attacks on the United States by an al Qaeda network harbored by Afghanistan's Taliban rulers.


He faces the challenge of pressing ahead with his re-election pledge to continue winding down the war while preparing the Afghan government to prevent a slide into chaos and a Taliban resurgence once most NATO forces are gone.


Former Senator Chuck Hagel, Obama's nominee to become defense secretary, is likely to favor a sizable troop reduction.


Karzai, meanwhile, is eager to show he is working to ensure Afghans regain full control of their territory after a foreign military presence of more than 11 years.


Asked whether the cost of the war in lives and money was worth it, Obama said: "We achieved our central goal ... or have come very close to achieving our central goal, which is to de-capacitate al Qaeda, to dismantle them, to make sure that they can't attack us again."


He added: "Have we achieved everything that some might have imagined us achieving in the best of scenarios? Probably not. This is a human enterprise, and you fall short of the ideal."


Obama made clear that unless the Afghan government agrees to legal immunity for U.S. troops, he would withdraw them all after 2014 - as happened in Iraq at the end of 2011.


Karzai, who criticized NATO over civilian deaths, said that with Obama's agreement to transfer detention centers and the planned withdrawal of U.S. forces from Afghan villages, "I can go to the Afghan people and argue for immunity" in a bilateral security pact being negotiated.


Addressing students at Georgetown University later in the day, the Afghan leader predicted with certainty that the United States would keep a limited number of troops in Afghanistan after 2014, in part to battle al Qaeda and its affiliates.


"One of the reasons the United States will continue a limited presence in Afghanistan after 2014 in certain facilities in Afghanistan is because we have decided together to continue to fight against al Qaeda," Karzai said. "So there will be no respite in that."


Many of Obama's Republican opponents have criticized him for setting a withdrawal timetable and accuse him of undercutting the U.S. mission by reducing troop numbers too quickly.


Karzai and his U.S. partners have not always seen eye to eye, even though the American military has been crucial to preventing insurgent attempts to oust him.


In October, Karzai accused Washington of playing a double game by fighting the war in Afghan villages instead of going after insurgents who cross the border from neighboring Pakistan.


In Friday's news conference, Karzai did not back down from his previous comments that foreigners were responsible for some of the official corruption critics say is rampant in Afghanistan. But he acknowledged: "There is corruption in the Afghan government that we are fighting against."


Adding to tensions has been a rash of deadly "insider" attacks by Afghan soldiers and police against NATO-led troops training or working with them. U.S. forces have also been involved in a series of incidents that enraged Afghans, including burning Korans, which touched off days of rioting.


(Additional reporting by Roberta Rampton, Mark Felsenthal, Jeff Mason, Phil Stewart, Tabassum Zakaria, David Alexander; Editing by Warren Strobel and Will Dunham)



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"Tsunami" of property cooling measures, say analysts






SINGAPORE: Property analysts have described the latest set of government measures as the "tsunami" of property cooling measures, as it affects public and private housing, executive condominiums, and industrial properties.

Some say, the additional stamp duty will hit investors wanting to own a second or subsequent property.

Mr Mohamed Ismail, CEO of PropNex, said: "Such a drastic move will have a downward spiral effect, loss of confidence in the market... will the current property prices go under such that people who bought in recent times... will their property be a negative asset moving forward?

"More pertinent, as far as public housing here, is the restrictions on PR (Permanent Resident). I think there has been a lot of concerns and people have raised about PR being able to benefit while holding on to public housing and investing. These measures will increase the supply of public housing, and overall, this will help the public housing to be further moderated."

Meanwhile, some analysts say the new measures on industrial properties did not come as a surprise.

Mr Donald Han, Managing Director of HSR Property Consultants, said: "The measures are quite timely and could have come earlier because if you notice, industrial prices have actually increased by about average 25 per cent per annum since 2010, and if you look at last year, the full year price estimate capital values have increased by more than 30 per cent.

"So all in, all the government could have actually reacted earlier on, perhaps 12 months early rather than now. But it's never too late. I think that will have a huge impact on the pace of price movement, moving forward. I expect industrial price movement this year to be a bit more moderated to a single-digit increase, if any."

- CNA/de



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