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Real Estate Daily News

28 Sep 2022 (Wed)
2022

Singapore Real Estate

15 strata units in International Plaza for sale at S$60m guide price
A portfolio of 15 commercial units in International Plaza has been put up for sale via expression of interest (EOI), with a guide price of S$60 million, the sole marketing agent Edmund Tie announced on Tuesday (Sep 27)
https://www.businesstimes.com.sg/real-estate/15-strata-units-in-international-plaza-for-sale-at-s60m-guide-price

How have BTO flats in prime areas fared since their launch?
Singapore: Since the first launch in November last year, application rates for Build-to-Order (BTO) flats in prime areas have slowed.  There have been five developments under the Prime Location Public Housing (PLH) model, which will see Housing and Development Board (HDB) flats built in central regions.
https://www.channelnewsasia.com/singapore/prime-locations-hdb-flats-plh-demand-application-rates-2968296

 

Singapore Economy

More Singapore investors interested in sustainable investments: StanChart survey
Singapore - More Singapore investors are showing interest in sustainable investments, but it is crucial to address and overcome key barriers towards sustainable investing to increase uptake of such investments.
https://www.straitstimes.com/business/more-singapore-investors-interested-in-sustainable-investments-stanchart-survey

Singapore 4th in digital competitiveness, leads Asia’s rankings
Singapore has moved up one spot to place 4th in the latest edition of the IMD World Digital Competitiveness Ranking, after Denmark, the United States, and Sweden.
https://www.businesstimes.com.sg/technology/singapore-4th-in-digital-competitiveness-leads-asias-rankings
https://www.straitstimes.com/business/economy/singapore-4th-in-global-digital-competitiveness-top-in-asia

Singapore’s population grows 3.4% to 5.64 million, reversing 2 consecutive years of decline
The total population of Singapore grew by 3.4 per cent over the past year to reach 5.64 million in June, with the easing of pandemic safety measures and travel curbs, the government’s annual Population in Brief report revealed on Tuesday (Sep 27).
https://www.businesstimes.com.sg/government-economy/singapores-population-grows-34-to-564-million-reversing-2-consecutive-years-of
https://www.straitstimes.com/singapore/singapore-population-grows-34-to-564m-reversing-2-consecutive-years-of-decline

 

Views, Reviews, Forum and Others

False ceiling collapses in Woodlands workers’ dormitory; 100 residents moved, 2 hurt
Singapore — A false ceiling in North Coast Lodge Dormitory that  houses migrant workers collapsed following stormy weather on Sunday (Sept 25), with two residents sustaining minor injuries.
https://www.todayonline.com/singapore/false-ceiling-collapses-woodlands-workers-dormitory-100-residents-moved-2-hurt-2003606
https://www.straitstimes.com/singapore/false-ceiling-collapses-in-north-coast-lodge-dormitory-two-injured

Construction firm Synergy-Biz hit with fine, stop-work order for safety lapses
Singapore — Local construction firm Synergy-Biz has been issued a composition fine of S$6,000 on top of a stop-work order, after multiple unsafe conditions were uncovered during a Ministry of Manpower (MOM) inspection of its premises.
https://www.todayonline.com/singapore/construction-firm-synergy-biz-hit-fine-stop-work-order-safety-lapses-2004491
https://www.straitstimes.com/singapore/company-issued-stop-work-order-after-death-of-worker-in-august

What sets the crazy rich Chinese apart from other family offices in Singapore
Entrepreneurial, open to ideas, and raring to go – these are among the adjectives that come promptly to the minds of bankers and consultants when asked to describe the super-rich Chinese setting up family offices in Singapore.
https://www.businesstimes.com.sg/wealth-investing/what-sets-the-crazy-rich-chinese-apart-from-other-family-offices-in-singapore

 

Global Economy & Global Real Estate

WTO chief warns world edging into 'global recession'
https://www.businesstimes.com.sg/government-economy/wto-chief-warns-world-edging-into-global-recession

US sales of new homes unexpectedly rise in a break from downturn
https://www.businesstimes.com.sg/real-estate/us-sales-of-new-homes-unexpectedly-rise-in-a-break-from-downturn

US consumer confidence rises for second straight month in September
https://www.businesstimes.com.sg/government-economy/us-consumer-confidence-rises-for-second-straight-month-in-september

US manufactured goods orders fall for second straight month
https://www.businesstimes.com.sg/government-economy/us-manufactured-goods-orders-fall-for-second-straight-month

Can Reits do well as interest rates surge?
https://www.businesstimes.com.sg/wealth-investing/can-reits-do-well-as-interest-rates-surge

British banks pull mortgage deals with UK markets in turmoil
https://www.businesstimes.com.sg/real-estate/british-banks-pull-mortgage-deals-with-uk-markets-in-turmoil

House sales collapse as UK lenders withdraw mortgage offers
https://www.businesstimes.com.sg/real-estate/house-sales-collapse-as-uk-lenders-withdraw-mortgage-offers
https://www.straitstimes.com/business/property/uk-banks-pull-mortgage-deals-as-plunge-in-pound-sparks-fear-of-rate-hike

UK shop price inflation speeds up again to new high: BRC
https://www.businesstimes.com.sg/government-economy/uk-shop-price-inflation-speeds-up-again-to-new-high-brc
https://www.straitstimes.com/business/economy/uk-shop-prices-hits-record-high-as-pound-tumbles

Australian retail sales keep defying gravity with August jump
https://www.straitstimes.com/business/economy/australian-retail-sales-keep-defying-gravity-with-august-jump

Deflation looms in China amid property crisis, survey shows
https://www.straitstimes.com/business/economy/deflation-looms-in-china-amid-property-crisis-survey-shows
https://www.businesstimes.com.sg/real-estate/deflation-looms-in-china-amid-property-crisis-survey-shows

Shanghai vows to promote delivery of homes, keep property market sound
https://www.channelnewsasia.com/business/shanghai-vows-promote-delivery-homes-keep-property-market-sound-2970161

Developer Sunac China seeks to extend payment for 4b yuan bond for the 3rd time: sources
https://www.businesstimes.com.sg/real-estate/developer-sunac-china-seeks-to-extend-payment-for-4b-yuan-bond-for-the-3rd-time-sources

Shenzhen government-owned firm steps in to complete 4 Evergrande projects
https://www.businesstimes.com.sg/real-estate/shenzhen-government-owned-firm-steps-in-to-complete-4-evergrande-projects

China vows positive trade growth in the second half of the year
https://www.businesstimes.com.sg/government-economy/china-vows-positive-trade-growth-in-the-second-half-of-the-year

Japan’s businesses brace for long-awaited return of tourists
https://www.businesstimes.com.sg/government-economy/japans-businesses-brace-for-long-awaited-return-of-tourists
https://www.straitstimes.com/asia/east-asia/japans-businesses-brace-for-long-awaited-return-of-tourists

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