DAILY NEWS

Daily News – 18 May 2022 (Wed)

Singapore Real Estate

Singapore new private home sales flat in April, likely to climb in coming months
Amid a dearth of launches, developers sold 653 new private residential units, excluding executive condominiums (ECs), in Singapore this April. This is largely unchanged from the 654 sold in the previous month, according to data released by the Urban Redevelopment Authority (URA) on Tuesday (May 17).
https://www.businesstimes.com.sg/real-estate/singapore-new-private-home-sales-flat-in-april-likely-to-climb-in-coming-months
https://www.straitstimes.com/business/property/more-luxury-homes-sold-more-foreign-buyers-as-new-private-home-sales-hold-steady-in-april

Singapore Economy

Singapore visitor arrivals take off: April’s 294,300 figure is highest since pandemic
Singapore’s international arrivals climbed month on month for the third straight month in April,* with border authorities notching the highest number of travellers since the Covid-19 pandemic began, according to the latest figures from the Singapore Tourism Board (STB).
https://www.businesstimes.com.sg/government-economy/singapore-visitor-arrivals-take-off-aprils-294300-figure-is-highest-since

Singapore’s export growth in coming months likely to be dragged down by China’s slowdown: economists
Singapore’s export growth could continue to ease in the coming months, with global headwinds likely to dampen external demand even as Asean’s reopening offers a silver lining, said economists.
https://www.businesstimes.com.sg/government-economy/singapores-export-growth-in-coming-months-likely-to-be-dragged-down-by-chinas

Companies’ Brief

Far East Hospitality launching 2 Australian brands in Singapore
Far East Hospitality (FEH) is introducing 2 Australian brands in Singapore in the coming months – Vibe Hotels and Adina – through a rebranding of existing properties. Vibe Hotel Singapore Orchard will open at The Elizabeth Hotel on Mount Elizabeth in the last quarter of 2022.
https://www.businesstimes.com.sg/real-estate/far-east-hospitality-launching-2-australian-brands-in-singapore

Frasers Property can do more to unlock value, such as distribute FCT units
For the financial year ended Sep 30, 2021 (FY21), Frasers Property (FPL) posted S$833.1 million in attributable profit. This was a significant increase from the S$188.1 million reported in FY20. But FPL’s shareholders had little to cheer from the better financial performance.
https://www.businesstimes.com.sg/opinion/frasers-property-can-do-more-to-unlock-value-such-as-distribute-fct-units

Views, Reviews, Forum and Others

From just in time to act in time – how proactive business intelligence can fix the supply chain
2022 was supposed to be the year the supply chain got back on track, then Omicron happened, and the problems we face in the supply chain continue to this day. And more issues are racking up daily.
https://www.businesstimes.com.sg/asean-business/from-just-in-time-to-act-in-time-how-proactive-business-intelligence-can-fix-the

Update on COVID-19 (Coronavirus Disease 2019) situation

Should you be worried about the new Omicron sub-variants detected in Singapore?
Singapore – The increased transmissibility of the Omicron variant has seen the emergence of a number of sub-variants, with the Ministry of Health (MOH) on Sunday (May 15) announcing the first local cases of BA.4 and BA.5 detected in Singapore.
https://www.straitstimes.com/singapore/no-cause-for-undue-alarm-even-as-new-omicron-sub-variants-ba4-and-ba5-are-detected-in-spore-experts

*For more information, please visit the Ministry of Health (MOH) website at www.moh.gov.sg and refer to go.gov.sg/mohupdates for updates on the COVID-19 (Coronavirus Disease 2019) situation