SINGAPORE REAL ESTATE
Businesses are key to meeting Singapore’s green building challenge
Singapore is stepping up efforts to make the building and construction sector as green as possible to cut emissions and reduce energy use as part of global climate change commitments.
https://www.straitstimes.com/world/businesses-are-key-to-meeting-singapore-s-green-building-challenge
Prime residential property in Apac now a buyer’s market: Knight Frank
Prime residential prices have fallen globally for the second consecutive quarter in Q3 2022. As prices fall in line with current monetary policy, conditions will remain uneven in the short term, with the prime residential property in Asia-Pacific now a buyer’s market, said Christine Li, head of research, Knight Frank Asia-Pacific (Apac).
https://www.businesstimes.com.sg/real-estate/prime-residential-property-in-apac-now-a-buyers-market-knight-frank
‘Overwhelmed, defeated’: Expats face up to 70% rise in housing rents as prices hit record highs
Singapore: With housing rents in Singapore rising at a record pace, expatriates like Ms Jang Moonkyong are digging deeper and deeper into their pockets to fork out up to 70 per cent more in rent.
https://www.channelnewsasia.com/singapore/housing-rent-prices-expats-70-increase-landlords-tenants-3060231
Punggol Waterfront BTO project wins BCA award for inclusive design
Singapore – Barrier-free communal spaces and linkways to the neighbourhood centre and transport nodes provide residents at Waterfront I & II @ Northshore with seafront living without having to give up comfort or accessibility.
https://www.straitstimes.com/singapore/housing/punggol-waterfront-bto-project-wins-bca-award-for-inclusive-design
SINGAPORE ECONOMY
Data, capabilities and pathways: MAS’ plan to support Singapore’s low-carbon transition
The Monetary Authority of Singapore (MAS) is responsible for ensuring that a major part of Singapore’s national decarbonisation and hydrogen transition plans can be financed. And it will do so by setting up three broad enablers: a stronger data disclosure landscape, building up capabilities in low-carbon technologies, as well as transition and sectoral pathways, said the central bank’s chief sustainability officer Gillian Tan on Wednesday (Nov 9).
https://www.businesstimes.com.sg/government-economy/data-capabilities-and-pathways-mas-plan-to-support-singapores-low-carbon
Singapore to kick off S$15m carbon credit research in South-east Asia
Singapore will spend S$15 million to further carbon credit research in South-east Asia, after research found that Asia-Pacific hosts the highest concentration of the most profitable carbon projects that can generate returns on investments at close to US$25 billion a year.
https://www.businesstimes.com.sg/government-economy/singapore-to-kick-off-s15m-carbon-credit-research-in-south-east-asia
Consumers expect businesses to lead on sustainability
Asia Pacific is projected to become the world’s wealthiest region by 2030 with an expected delivery of half of global consumption growth. But the region is also the most vulnerable to the climate change impact of this economic boom, notably on the disproportionate number of people living in poverty who bear the risks on their environments, communities, and livelihoods.
https://www.businesstimes.com.sg/opinion/consumers-expect-businesses-to-lead-on-sustainability
Singapore tourist arrivals hit new post-Covid record of 816,758 in October
Singapore’s international visitor arrivals rose for the ninth straight month in October to set another monthly record since the start of the pandemic, going by Singapore Tourism Board’s (STB) latest figures.
https://www.businesstimes.com.sg/government-economy/singapore-tourist-arrivals-hit-new-post-covid-record-of-816758-in-october
GLOBAL ECONOMY & GLOBAL REAL ESTATE
US consumer prices increase less than expected in October
https://www.businesstimes.com.sg/government-economy/us-consumer-prices-increase-less-than-expected-in-october
https://www.straitstimes.com/business/us-consumer-prices-increase-less-than-expected-in-october
WeWork to exit 40 locations in US to cut costs
https://www.businesstimes.com.sg/real-estate/wework-to-exit-40-locations-in-us-to-cut-costs
Buyer interest matches financial crisis lows: UK estate agents
https://www.businesstimes.com.sg/real-estate/buyer-interest-matches-financial-crisis-lows-uk-estate-agents
100,000 civil servants latest to join UK strikes
https://www.businesstimes.com.sg/government-economy/100000-civil-servants-latest-to-join-uk-strikes
France’s economy seen dodging onset of recession this year
https://www.businesstimes.com.sg/government-economy/frances-economy-seen-dodging-onset-of-recession-this-year
New Zealand central bank review says monetary tightening should have started earlier
https://www.businesstimes.com.sg/government-economy/new-zealand-central-bank-review-says-monetary-tightening-should-have-started
China’s new leaders back a more targeted, ‘decisive’ Covid Zero
https://www.businesstimes.com.sg/government-economy/chinas-new-leaders-back-a-more-targeted-decisive-covid-zero
China year-end export bounce in doubt as global demand falters
https://www.businesstimes.com.sg/government-economy/china-year-end-export-bounce-in-doubt-as-global-demand-falters
Japan’s Oct wholesale prices rise 9.1% yr/yr
https://www.channelnewsasia.com/business/japans-oct-wholesale-prices-rise-91-yr-yr-3062881
South Korea unveils 10t won in financing for property market
https://www.businesstimes.com.sg/real-estate/south-korea-unveils-10t-won-in-financing-for-property-market
https://www.straitstimes.com/business/property/south-korea-unveils-10-billion-in-financing-to-help-property-market