The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 17 September 2021 (Fri)

Singapore Real Estate

The dollars and sense of community spaces in mixed-use projects
With developers incorporating greenery and community spaces in upcoming mixed-use developments, the question begs to be asked – who ultimately foots the bill for such features? Notably, Far East Organization and sister company Sino Group recently snagged the 99-year leasehold commercial and residential site at Jalan Anak Bukit for S$1.028 billion in a state tender which ran under a dual-envelope tender system.

Far East Consortium close to selling 21 Anderson to Kheng Leong Group
Hongkong-Listed Far East Consortium International Limited is close to selling 21 Anderson, a 10-storey completed freehold block of 34 apartments in Singapore’s prime district 10. BT understands the price is about S$213 million and that the buyer is Singapore-based Kheng Leong Group.

Clarke Quay conservation shophouse put on the market for S$15-18m
A four-storey conservation shophouse at 21 New Bridge Road in Clarke Quay has been put up for sale via expression of interest (EOI). The guide price for the property is S$15 million for its existing condition and S$18 million if the buyer opts for a six-storey rear extension and fresh 99-year tenure.

LTA launches initiatives to cut red tape and approval times for builders and developers
Singapore – The authorities are looking to cut red tape and shorten approval times for construction works that impact the roads, rail and other transport modes by adopting initiatives proposed by a joint government-industry panel.

Property 2021 (Sept Issue)


Singapore Economy

Singapore export growth cools to 2.7% in August despite support from electronics boom
Key Singapore exports grew for the ninth straight month in August – but came in well under analysts’ forecasts, as non-electronics shipments shrank year on year. Non-oil domestic exports (NODX) increased by 2.7 per cent for the month, in a slowdown from July’s 12.7 per cent gains.


Companies’ Brief

Frasers Property prices S$200m notes due 2028 at 3%
Frasers Property’s wholly-owned subsidiary on Thursday priced S$200 million of fixed-rate notes due 2028. The notes bear a coupon rate of 3 per cent per annum and are payable semi-annually in arrear, Frasers Property said in a bourse filing.

Analysts see hope for some S-Reits excluded from FTSE EPRA Nareit index series
As the excitement over the recent addition of 11 more Singapore-listed real estate investment trusts (S-Reits) and property trusts to the FTSE EPRA Nareit Global Developed Index starts to die down, attention is turning to the smaller names that have failed to make the cut.

Constituents of the iEdge S-Reit Index

Corporate digest


Views, Reviews, Forum & Others

Foreign manpower: The most worrisome fault line in Singapore
The debate over foreign manpower highlights the difference between official reality and the lived reality of local workers facing pressures from foreign competition.

Most people in Asean say no to coal, yes to renewables as climate risks grow: Survey
Singapore – The majority of people in Asean want to shift away from polluting fossil fuels and embrace renewable energy to tackle climate change as floods, loss of biodiversity and sea level rise loom as the top three climate threats in the region, a survey of public attitudes released on Thursday (Sept 16) shows.

Former Bukit Timah Fire Station to reopen in 2022 as community node with food street, garden plots
Singapore – The former Bukit Timah Fire Station will reopen as a community node around the second quarter of 2022, featuring a food street and allotment garden plots.

Update on COVID-19 (Coronavirus Disease 2019) Situation

910 new Covid-19 cases in S’pore, highest since May 2020; unvaccinated woman, 72, dies
Singapore – Singapore reported 910 new Covid-19 cases on Thursday (Sept 16), the highest daily number since May 1, 2020. There were 803 new cases in the community and four imported ones, as well as 103 cases among dormitory residents, said the Ministry of Health (MOH).

0.13% of Covid-19 mRNA vaccine doses administered in S’pore linked to suspected adverse events
Singapore – The rate of suspected adverse events linked to the Covid-19 vaccines under the national vaccination programme is 0.13 per cent, said the Health Sciences Authority (HSA) on Thursday (Sept 16). The rate of serious adverse events, such as anaphylaxis, is much lower, at 0.006 per cent.

Chinatown Complex reopens following disinfection; few visitors, most stalls remain closed
Singapore – Most stalls remained shuttered and patrons were sparse at Chinatown Complex on Thursday morning (Sept 16) after it reopened following a closure of 3½ days.

Avoid strenuous activity for 2 weeks after Covid-19 vaccine jabs, instead of 1 week, says expert panel
Singapore – Those who have just received their Covid-19 vaccine shots should avoid strenuous exercise such as lifting heavy weights for two weeks instead of one, particularly if they are young, the Expert Committee on Covid-19 Vaccination said on Thursday (Sept 16).

*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

Online purchases boost US retail sales

US initial jobless claims rise last week

Are you vaccinated, Mr President? New York wants proof, but UN chief cannot enforce

Can California governor do anything about its housing crisis?

As Merkel exits, Germans debate famed budget discipline

Central banks still in no rush to raise rates as inflation takes back seat

China’s biotech sector comes of age with big licensing deals, global ambitions

China’s nightmare Evergrande scenario is an uncontrolled crash

Obscure Taiwan company’s rise shows profit, pain of chip crunch

Indonesia plans to relax border curbs on foreign visitors, possibly within months

First batch of tourists arrive in Langkawi under Covid-19 travel bubble

CEO behind Philippines’ biggest Reit IPO eyes earnings rebound in 2022

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