Singapore Real Estate
Developers take cautious stance in land tenders for Woodlands, Lentor housing sites
Bids for two 99-year leasehold private housing sites on Tuesday (Sep 12) reflected distinctly more risk-averse sentiment among developers, following several waves of cooling measures and sharply higher financing costs.
https://www.businesstimes.com.sg/property/developers-take-cautious-stance-land-tenders-woodlands-lentor-housing-sites
https://www.straitstimes.com/business/muted-developers-interest-for-lentor-central-private-housing-site-champions-way-plot-gets-6-bids
https://www.edgeprop.sg/property-news/lentor-central-gls-site-receives-two-bids-highest-bid-982-psf-ppr
While Reits are struggling, they can still be sound investments for retirees
I feel silly. If I had bought a private home – using the name of an immediate family member who has yet to own property – some time back, my family would be in a happier position financially. Based on data from the Urban Redevelopment Authority, private home prices as at the second quarter of 2023 rose by 7.5 per cent, 18.9 per cent and 27.4 per cent over a one-year, two-year and three-year time frame respectively.
https://www.businesstimes.com.sg/opinion-features/while-reits-are-struggling-they-can-still-be-sound-investments-retirees
Pair sought S$1.2m refund for aborted condo deal, court rules developer entitled to forfeit S$380k
A father-and-daughter pair from China who paid almost S$1.2 million for a condominium unit, but did not go through with the deal after finding out that their property agent had embezzled other funds, will have to lose their S$380,000 deposit.
https://www.businesstimes.com.sg/singapore/pair-sought-s12m-refund-aborted-condo-deal-court-rules-developer-entitled-forfeit-s380k
VIEWS, REVIEWS, FORUM AND OTHERS
Most companies plan to keep employment stable despite pessimistic economic outlook: SBF survey
A majority of companies are not expecting changes to their manpower in the next 12 months, even as more of them now expect economic conditions to weaken rather than improve, a survey by the Singapore Business Federation (SBF) showed on Tuesday (Sep 12).
https://www.businesstimes.com.sg/singapore/most-companies-plan-keep-employment-stable-despite-pessimistic-economic-outlook-sbf
Singapore F1 attendance down, but hotel takings may still exceed 2022 levels
Attendance may be down, but takings could still rise at this year’s Singapore Formula 1 (F1) Grand Prix, with tourism players and observers expecting receipts to exceed at least pre-Covid levels – if not those of 2022.
https://www.businesstimes.com.sg/singapore/singapore-f1-attendance-down-hotel-takings-may-still-exceed-2022-levels
GLOBAL ECONOMY & REAL ESTATE
Central banks set for higher-for-longer era to fight inflation
https://www.businesstimes.com.sg/companies-markets/banking-finance/central-banks-set-higher-longer-era-fight-inflation
https://www.theedgesingapore.com/news/global-economy/central-banks-set-higher-longer-fight-inflation
Inflation dragged real US household incomes down 2.3% in 2022
https://www.businesstimes.com.sg/international/inflation-dragged-real-us-household-incomes-down-23-2022
https://www.straitstimes.com/business/economy/us-inflation-eroded-2022-incomes-poverty-jumped-as-pandemic-support-ended-census-says
https://www.channelnewsasia.com/business/us-household-incomes-fall-third-straight-year-census-bureau-3765256
China firms will drive Hong Kong office market rebound, Gaw says
https://www.businesstimes.com.sg/property/china-firms-will-drive-hong-kong-office-market-rebound-gaw-says
https://www.theedgesingapore.com/news/property/china-firms-will-drive-hong-kong-office-market-rebound-gaw-says
China property jumps to top credit risk in Bank of America global survey
https://www.businesstimes.com.sg/property/china-property-jumps-top-credit-risk-bank-america-global-survey
China’s housing rebound fades fast in big cities after stimulus
https://www.businesstimes.com.sg/property/chinas-housing-rebound-fades-fast-big-cities-after-stimulus
https://www.straitstimes.com/business/china-s-housing-rebound-fades-fast-in-big-cities-after-stimulus
Two more Chinese firms cease public project funding amid deepening debt woes
https://www.businesstimes.com.sg/international/two-more-chinese-firms-cease-public-project-funding-amid-deepening-debt-woes
Accor sees record China hotel deals as travel beats slowdown
https://www.businesstimes.com.sg/property/accor-sees-record-china-hotel-deals-travel-beats-slowdown
Dubai apartment prices jump most in a decade as housing boom widens
https://www.businesstimes.com.sg/property/dubai-apartment-prices-jump-most-decade-housing-boom-widens
German housing construction sector cancellations hit new high: survey
https://www.businesstimes.com.sg/property/german-housing-construction-sector-cancellations-hit-new-high-survey
Foreign direct investment in Germany dives to 3.5 billion euros in H1
https://www.businesstimes.com.sg/international/foreign-direct-investment-germany-dives-35-billion-euros-h1
Hong Kong leader John Lee to make sure luxury estate Redhill Peninsula will be inspected after landslide exposes illegal structures
https://www.scmp.com/news/hong-kong/health-environment/article/3234216/hong-kong-leader-john-lee-vows-carry-out-inspections-targeting-luxury-estate-redhill-peninsula-after
Hong Kong has Asia-Pacific’s highest prices for co-working space, while demand for flex desks surges in Singapore: study
https://www.scmp.com/business/article/3234137/hong-kong-has-asia-pacifics-highest-prices-co-working-space-while-demand-flex-desks-surges-singapore
RBNZ and New Zealand treasury at odds over double-dip recession
https://www.businesstimes.com.sg/international/rbnz-and-new-zealand-treasury-odds-over-double-dip-recession
Tokyo: The big city where housing is still affordable
https://www.businesstimes.com.sg/international/global/tokyo-big-city-where-housing-still-affordable
UK mortgage arrears jump 28% as high rates squeeze borrowers
https://www.businesstimes.com.sg/property/uk-mortgage-arrears-jump-28-high-rates-squeeze-borrowers
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