The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 11 November 2021 (Thu)

Singapore Real Estate

New public housing model: Different areas may become prime over time, says Indranee
Singapore – An area like the Greater Southern Waterfront – with sea views and proximity to the city centre – would likely be considered a prime public housing locale by many people. But different areas may also become prime over time, said Minister in the Prime Minister’s Office Indranee Rajah during a radio show on Thursday (Nov 11).

Condo, HDB rents and leasing volumes rise in Oct as Singapore eases border measures
The rental markets for Housing and Development Board (HDB) flats and private apartments appear to have benefited from the easing of Singapore’s border measures and setting up of more Vaccinated Travel Lanes (VTLs) in the past month.

Freehold Cairnhill 16 to launch for sale, prices start at S$2,789 psf
Cairnhill 16, a luxury freehold development in district 9, will be launched for sale on Nov 27, with indicative prices to start at S$2,789 per square foot (psf). The hilltop project along Cairnhill Rise, which will commence previews on Saturday (Nov 13), sits on the site of the former Cairnhill Heights, which was sold via collective sale for S$72.6 million in 2018.

Look beyond reported rates to get true picture of rental market for CBD offices
Demand trends for office property in the central business district (CBD) are shifting, with implications for property groups and real estate investment trusts (Reits) with high exposure to the Singapore office market. Investors should keep their eyes peeled for signs of just how sustainable CBD office rents are.

Singles’ Day, housing policies and other ways to recognise contributions of singles
Get married soon and get a chance to snare a home with a sea view. With new HDB flats in the Greater Southern Waterfront in the urban plans, such thoughts may soon occupy the minds of some young Singaporeans.

Companies’ Brief

Keppel’s beefed-up offer for SPH throws ball back in Cuscaden Peak’s court
Singapore – Analysts say the revised buyout offer from Keppel Corp for Singapore Press Holdings (SPH) is significantly better than the rival all-cash deal from Cuscaden Peak, a consortium backed by Hotel Properties businessman Ong Beng Seng and two Temasek-linked entities.

SPH open to considering all offers that are better than Keppel’s: CEO
While Keppel Corp’s final offer of S$2.351 per share is currently the best on the table, the door is not closed for Singapore Press Holdings (SPH) to consider superior offers, said chief executive officer Ng Yat Chung in a briefing on Wednesday (Nov 10).

Higher offer price justified by better SPH financials, economic environment: Keppel
Keppel Corporation’s revised offer price for Singapore Press Holdings (SPH) reflects a change of conditions, stemming from an improved financial performance and the overall economic environment since July, said Keppel’s chief executive Loh Chin Hua.

Property developer SingHaiyi receives privatisation offer from major shareholders
Singapore – Shares of developer SingHaiyi Group shot up on Wednesday (Nov 10) following a privatisation offer from billionaire Gordan Tang and his wife Celine. The stock closed up almost 10 per cent to 11.8 cents – its highest since February 2017 – with 58 million shares changing hands.

Views, Reviews, Forum & Others

Reopening borders key for connectivity
For nearly two years now, the hotel, travel and retail sectors here have taken a drubbing from the Covid-19 outbreak. At least 157 licensed travel agents bowed out between January last year and September this year, as did 8,600 retail businesses – 330 more than during the corresponding period between 2018 and 2019.

New programme to provide opportunities for Singapore firms to set up and grow in South Korea
Singapore – Singapore tech start-ups and small and medium-sized enterprises (SMEs) now have greater access to business and partnership opportunities in South Korea, with the launch of a new market access programme in Seoul.

South-east Asia’s digital economy to top US$175b in 2021 despite pandemic: report
South-East Asia’s booming Internet economy is on track to exceed US$170 billion this year before more than doubling by 2025, becoming one of the world’s fastest-growing digital markets as millions of people in the region come online, thanks in part to the pandemic.

Alternative assets post strong 2020 growth in Singapore asset management industry: MAS
Alternative assets are an increasingly bright spot in Singapore’s asset management industry, with significantly higher growth rates than traditional assets – albeit on a relatively low base. In 2020, growth of assets under management (AUM) in private equity and venture capital expanded by 54 per cent to S$391 billion, compared to a 16 per cent growth in 2019, thanks to investors’ appetite for yield and uncorrelated assets.

Update on COVID-19 (Coronavirus Disease 2019) Situation

3,481 new Covid-19 cases and 17 deaths; weekly infection growth rate at 0.88
[Singapore] There were 3,481 new Covid-19 infections on Wednesday (Nov 10), up from 3,397 a day earlier, said the Ministry of Health (MOH) in its daily report. The Covid-19 weekly infection growth rate increased slightly to 0.88, up from 0.82 on Tuesday.

Over 36,000 passes issued to non-residents to enter S’pore under vaccinated travel lanes
Singapore – A total of 36,034 short-term visitors and long-term pass holders have received approval to enter Singapore under a quarantine-free travel scheme, in the first two months since it started. The newer vaccinated travel lanes (VTLs) with South Korea and Australia have received particularly strong interest, based on figures issued by the Civil Aviation Authority of Singapore (CAAS) on Wednesday evening (Nov 10).

*For more information, please visit the Ministry of Health (MOH) website at and refer to for updates on the COVID-19 (Coronavirus Disease 2019) situation

Global Economy & Global Real Estate

US inflation surges to 30-year high; likely to get worse, say economists

Inflation in US builds with biggest gain in prices since 1990

US consumer prices surge at fastest pace in 30 years

As China’s property crisis spreads, Beijing says there’s nothing to see

China property stocks rally on hopes of potential easing of refinancing

China factory gate inflation hits 26-year high as power crunch bites

Evergrande faces biggest payment test yet as grace periods end

Japan PM Kishida vows wide-ranging payouts in planned stimulus package

With falling cases and higher vaccination rates, Vietnam is ready to reopen to foreigners


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