Singapore Real Estate
State land sales deals hit 11-year high of $7.7 billion in 2023
Singapore – State land tender activity hit an 11-year high in 2023, with 14 Government Land Sales (GLS) sites totalling $7.7 billion being awarded. This was the highest annual value recorded under the GLS programme since 2012, when 51 GLS sites worth $10.6 billion were awarded, according to a report released by real estate firm Knight Frank on Jan 3.
https://www.straitstimes.com/business/state-land-sales-deals-hit-11-year-high-of-77-billion-in-2023
New training opportunities in hospitality sector for SME staff and polytechnic students
Singapore – As Singapore’s tourism sector continues to recover after the pandemic, efforts are under way to raise the skills of employees in the hospitality and tourism industry and boost service standards here.
https://www.straitstimes.com/business/new-training-opportunities-in-hospitality-sector-for-sme-staff-and-polytechnic-students
Global Economy & Real Estate
US mortgage rates rise for first time since late October
https://www.businesstimes.com.sg/property/us-mortgage-rates-rise-first-time-late-october
https://www.straitstimes.com/business/us-mortgage-rates-rise-for-first-time-since-late-october
US weekly jobless claims fall more than expected
https://www.businesstimes.com.sg/international/us-weekly-jobless-claims-fall-more-expected-3
US job cuts fall back in December but nearly double for all of 2023
https://www.businesstimes.com.sg/international/us-job-cuts-fall-back-december-nearly-double-all-2023
Bali plans to lure more visitors to northern shores as tourism creates problems
https://www.businesstimes.com.sg/international/asean/bali-plans-lure-more-visitors-northern-shores-tourism-creates-problems
China’s fiscal spending will rise this year, finance chief says
https://www.businesstimes.com.sg/international/chinas-fiscal-spending-will-rise-year-finance-chief-says
China real estate, global economic growth to stabilise in 2024
https://www.theedgesingapore.com/news/markets/china-real-estate-global-economic-growth-stabilise-2024-imas-survey
China steps up efforts to adapt as US-led ‘reshoring’ campaign seems set in stone
https://www.scmp.com/economy/china-economy/article/3247294/china-steps-efforts-adapt-us-led-reshoring-campaign-seems-set-stone
China’s air travel market to hit 80% of pre-Covid level by end 2024
https://www.businesstimes.com.sg/international/chinas-air-travel-market-hit-80-pre-covid-level-end-2024
Eurozone business activity shrank again in Dec, pointing to recession: PMI
https://www.businesstimes.com.sg/international/eurozone-business-activity-shrank-again-dec-pointing-recession-pmi
Just a billion doesn’t cut it on this exclusive Florida Island
https://www.businesstimes.com.sg/property/just-billion-doesnt-cut-it-exclusive-florida-island
German inflation rises in December due to base effects
https://www.businesstimes.com.sg/international/german-inflation-rises-december-due-base-effects
https://www.straitstimes.com/business/economy/german-inflation-rises-again-in-december
Hong Kong November retail sales up 15.9%, helped by inbound tourism
https://www.businesstimes.com.sg/international/hong-kong-november-retail-sales-159-helped-inbound-tourism
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3247281/hong-kongs-retail-sales-rise-159-november-against-year-ago-tourism-continues-bounce-back
Hong Kong halts residential, commercial land sales in weak market
https://www.businesstimes.com.sg/property/hong-kong-halts-residential-commercial-land-sales-weak-market
https://www.channelnewsasia.com/business/hong-kong-will-not-sell-residential-commercial-land-amid-slow-demand-4025106
https://www.scmp.com/business/article/3247304/hong-kong-halts-residential-commercial-plot-sales-last-quarter-amid-poor-response-weak-sentiment
Hong Kong’s new district councillors propose neighbourhood fairs and Instagrammable ‘check-in’ spots to boost growth, but will residents and visitors join the party?
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3247320/hong-kongs-new-district-councillors-propose-neighbourhood-fairs-and-instagrammable-check-spots-boost
Japan service activity expands in Dec, led by strong new business – PMI
https://www.channelnewsasia.com/business/japan-service-activity-expands-dec-led-strong-new-business-pmi-4026346
https://www.businesstimes.com.sg/international/japan-service-activity-expands-december-led-strong-new-business-pmi
Mixed reactions as Malaysia’s shoppers pay new sales tax on overseas goods bought online
https://www.straitstimes.com/asia/se-asia/mixed-reactions-as-malaysia-s-online-shoppers-pay-new-sales-tax-on-overseas-goods-bought-online?utm_campaign=STPicks
New York unlikely to resolve housing crisis this year
https://www.businesstimes.com.sg/property/new-york-unlikely-resolve-housing-crisis-year
South Korea sees slower economic recovery, inflation cooldown
https://www.channelnewsasia.com/business/south-korea-sees-slower-economic-recovery-inflation-cooldown-4024396
South Korea unveils steps aimed at suppressing inflation quickly
https://www.businesstimes.com.sg/international/south-korea-unveils-steps-aimed-suppressing-inflation-quickly
UK service firms end 2023 on a high, says PMI survey
https://www.businesstimes.com.sg/international/uk-service-firms-end-2023-high-says-pmi-survey
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