SINGAPORE ECONOMY
Singapore exports may fall further; weigh on GDP: analysts
After a larger-than-expected fall in October, Singapore’s non-oil domestic exports (NODX) are likely to continue to decline at least into the year-end amid weakening external demand, said analysts.
https://www.businesstimes.com.sg/government-economy/singapore-exports-may-fall-further-weigh-on-gdp-analysts
Singapore among 19 countries in net-zero government initiative
Singapore is among 19 countries that have committed their public sectors to reach net-zero emissions by or before 2050, in an initiative launched on Thursday.
https://www.straitstimes.com/world/singapore-joins-19-countries-in-net-zero-government-initiative
Singapore to drive the development of green solutions with Microsoft
The Infocomm Media Development Authority (IMDA) has partnered with Microsoft to advance the implementation of principles and tools for the development of green technologies locally and globally.
https://www.theedgesingapore.com/digitaledge/news/singapore-drive-development-green-solutions-microsoft
MND says no need for moratorium or review of Sers, as not many more eligible sites expected
Singapore — In response to a public petition, the Ministry of National Development (MND) has said that there is no need for a moratorium or further review of the Selective En Bloc Redevelopment Scheme (Sers), given that the ministry “does not expect many more sites to be eligible”.
https://www.todayonline.com/singapore/mnd-sers-moratorium-ang-mo-kio-petition-2049481
https://www.channelnewsasia.com/singapore/ang-mo-kio-sers-top-hdb-leong-mun-wai-psp-petition-3080426
https://www.straitstimes.com/singapore/housing/mnd-turns-down-petition-to-review-sers-as-not-many-more-eligible-sites-expected
COMPANIES’ BRIEF
CapitaLand Investment and its REITs to deliver up to 18% growth by 2024: DBS
CapitaLand Group is keeping dry powder for opportunistic acquisitions, say DBS Group Research analysts Derek Tan and Dale Lai. The analysts are bullish on CapitaLand’s stable of listed names, issuing “buy” on the CapitaLand Investment (CLI) and its four REITs.
https://www.theedgesingapore.com/capital/brokers-calls/capitaland-investment-and-its-reits-deliver-18-growth-2024-dbs
Perennial-led consortium secures S$3b real estate green loan
A consortium led by Perennial Holdings has secured a S$3 billion green loan to finance the redevelopment of 8 Shenton Way. This is the largest real estate green loan in Asia to date.
https://www.businesstimes.com.sg/banking-finance/perennial-led-consortium-secures-s3b-real-estate-green-loan
https://www.straitstimes.com/business/perennial-led-consortium-secures-3-billion-real-estate-green-loan-largest-in-asia
GLOBAL ECONOMY & GLOBAL REAL ESTATE
US housing starts drop with pullback in single-family projects
https://www.businesstimes.com.sg/real-estate/us-housing-starts-drop-with-pullback-in-single-family-projects
Hunt says Britain already in recession, economy to shrink 1.4% in 2023
https://www.straitstimes.com/world/europe/uk-to-turn-page-on-trussonomics-with-budget-plan
UK consumer confidence ticks up in ‘sigh of relief’ after Truss
https://www.businesstimes.com.sg/government-economy/uk-consumer-confidence-ticks-up-in-sigh-of-relief-after-truss
New Zealand home seller offers free Tesla to attract buyers in cooling market
https://www.businesstimes.com.sg/real-estate/mobile-spotlight/new-zealand-home-seller-offers-free-tesla-to-attract-buyers-in-cooling
Evergrande may offer onshore assets as sweetener for offshore debt restructuring: sources
https://www.businesstimes.com.sg/real-estate/evergrande-may-offer-onshore-assets-as-sweetener-for-offshore-debt-restructuring-sources
‘No Tears Left’: Hong Kong property agents resort to desperate ads
https://www.straitstimes.com/asia/east-asia/no-tears-left-hong-kong-property-agents-resort-to-desperate-ads
Japan inflation hits four-decade high in test of BOJ resolve
https://www.businesstimes.com.sg/government-economy/japan-inflation-hits-four-decade-high-in-test-of-boj-resolve
https://www.straitstimes.com/business/japan-inflation-hits-40-year-high-as-weak-yen-fans-import-costs