Singapore Real Estate
Buying a condo? Check if there are enough car park spaces
I shop the old-fashioned way, visiting physical stores to make purchases. I want to see, touch and sometimes try out items before buying. My wife shops differently. Her faith in online shopping is strong. Her confidence is helped by the ease of returning products and getting a refund.
https://www.businesstimes.com.sg/opinion-features/buying-condo-check-if-there-are-enough-car-park-spaces
One-third of ethnic integration housing policy appeals succeeded in 2022, up from 21% in 2020
Singapore: About a third of appeals in relation to the Ethnic Integration Policy (EIP) last year were successful – up from 21 per cent in 2020. These appeals made up a “small number” – 1.5 per cent – of all Housing and Development Board (HDB) flat resale applications, said Law and Home Affairs Minister K Shanmugam on Monday (Jun 12) at the Institute of Policy Studies’ 35th anniversary conference.
https://www.channelnewsasia.com/singapore/hdb-ethnic-integration-housing-policy-successful-increase-2022-shanmugam-ips-3555721
https://www.straitstimes.com/singapore/nearly-third-of-ethnic-quota-appeals-for-hdb-flats-successful-in-2022-shanmugam
HDB to double interim rental flats for families to 4,000 units over next two years
The Housing Board (HDB) will set aside more temporary housing for families waiting for their new flats, doubling the number of interim rental flats to 4,000 over the next two years. Announcing this on Monday (Jun 12), Senior Minister of State for National Development Sim Ann said that HDB had met its earlier target of increasing the supply of flats under the Parenthood Provisional Housing Scheme (PPHS) from 800 units in 2021 to 1,800 in 2023.
https://www.businesstimes.com.sg/property/hdb-double-interim-rental-flats-families-4000-units-over-next-two-years
https://www.straitstimes.com/singapore/housing/hdb-to-double-interim-rental-flats-for-families-to-4000-units-over-next-two-years
https://www.channelnewsasia.com/singapore/hdb-rental-flats-families-temporary-housing-sim-ann-3555726
Singapore Economy
Demand to fill green jobs in Singapore fuels hiring optimism for Q3: Survey
Singapore – Despite the uncertain economic outlook, there are signs that the need to fill green jobs has helped to restore hiring optimism among Singapore employers ahead of the third quarter of 2023.
https://www.straitstimes.com/singapore/jobs/demand-to-fill-green-jobs-in-singapore-fuels-hiring-optimism-for-q3-survey
Singapore tourist arrivals slip in May, but remain at over a million
Singapore’s international visitor arrivals exceeded a million in May for the third straight month, but slipped from April’s post-pandemic high. Tourism arrivals slid to 1.11 million in May, down from 1.13 million recorded in the preceding month, based on the latest figures from the Singapore Tourism Board (STB) on Monday (Jun 12). But the month’s arrival numbers were more than 2.5 times the 418,458 visitors recorded in the corresponding month in 2022, even as arrivals remained below the 1.5 million visitors recorded in May 2019, before the pandemic.
https://www.businesstimes.com.sg/singapore/singapore-tourist-arrivals-slip-may-remain-over-million
Global Economy & Real Estate
New York occupancy breaks 50% for first time since pandemic hit
https://www.businesstimes.com.sg/property/new-york-occupancy-breaks-50-first-time-pandemic-hit
UBS completes takeover of Credit Suisse, embarks on ‘bumpy’ integration
https://www.channelnewsasia.com/business/ubs-credit-suisse-takeover-complete-jun-12-jobs-swiss-bank-3555456
Europe’s commercial property slide closer to UK rout
https://www.businesstimes.com.sg/property/europes-commercial-property-slide-closer-uk-rout
No pause in sight as European Central Bank eyes next rate hike
https://www.straitstimes.com/business/no-pause-in-sight-as-european-central-bank-eyes-next-rate-hike
Hard for Bank of England to fine-tune end of rate-tightening: BOE
https://www.businesstimes.com.sg/international/hard-bank-england-fine-tune-end-rate-tightening-boe
Australia business activity slows sharply in May, more risks ahead
https://www.businesstimes.com.sg/international/australia-business-activity-slows-sharply-may-more-risks-ahead
Australia’s consumer sentiment ‘near recession lows’ after hike
https://www.businesstimes.com.sg/international/australias-consumer-sentiment-near-recession-lows-after-hike
China’s property sector set to be persistently weak for years: Goldman
https://www.channelnewsasia.com/business/chinas-property-sector-set-be-persistently-weak-years-goldman-3555591
Pimco says stronger support needed for rebound in China property
https://www.businesstimes.com.sg/property/pimco-says-stronger-support-needed-rebound-china-property
China’s Covid-19 positive test rate jumped to 40% in May, neared end-2022 peak
https://www.straitstimes.com/asia/east-asia/china-s-covid-positive-test-rate-jumped-to-40-in-may-neared-end-2022-peak
Developing | China cuts key policy rate as central bank signals easing to support economy
https://www.scmp.com/economy/economic-indicators/article/3223864/china-cuts-key-policy-rate-central-bank-signals-easing-support-economy
Hong Kong property: landlords enjoy market rebound as students return, with city rents climbing to 15-month high
https://www.scmp.com/property/hong-kong-china/article/3223831/hong-kong-property-landlords-enjoy-market-rebound-students-return-city-rents-climbing-15-month-high
‘A mammoth undertaking’: road map for Hong Kong’s Northern Metropolis megaproject could be ready within this year
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3223765/mammoth-undertaking-road-map-hong-kongs-northern-metropolis-megaproject-could-be-ready-within-year
Hong Kong ‘risks losing chance to host Aramco Team Series golf tournament if it presses ahead with public housing plan’
https://www.scmp.com/news/hong-kong/society/article/3223788/hong-kong-risks-losing-out-hk548-million-economic-benefits-golf-event-if-it-builds-housing-citys
Hong Kong to unveil plan to recruit foreign labour amid shortage as business surges
https://www.straitstimes.com/asia/east-asia/hong-kong-to-unveil-plan-to-recruit-foreign-labour-amid-shortage-as-business-surges
Taiwan set to hold rates steady as inflationary pressure eases, exports remain weak: Reuters poll
https://www.channelnewsasia.com/business/taiwan-set-hold-rates-steady-inflationary-pressure-eases-exports-remain-weak-reuters-poll-3555756
Japan’s sticky inflation is key to a long-lasting bull market
https://www.businesstimes.com.sg/international/japans-sticky-inflation-key-long-lasting-bull-market
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