PMO, 3 ministries aim to ensure that everyone benefits from Singapore’s renewed economy
Keeping Singaporeans at the core of the renewed economy – this was the message emphasised in the Prime Minister’s Office’s (PMO) and three ministries’ addenda to the President’s Address delivered last Friday. This is especially as Singapore’s growth slows and its demographic composition shifts – making it imperative to maintain the nation as a place “where dreams are built and aspirations can be fulfilled”, said the government.
Singapore retains No 2 spot in Global Talent Competitiveness Index
Singapore has taken the No 2 spot for the third straight year in Insead’s annual Global Talent Competitiveness Index (GTCI), behind Switzerland. The study, released on Tuesday, measures a nation’s competitiveness based on the quality of talent that it can produce, attract and retain.
Singapore Real Estate
Singapore investors buy record US$26.3b of overseas properties in 2015
Singapore-based investors purchased a record US$26.31 billion in overseas real estate in 2015, up 49 per cent from US$17.63 billion in 2014, going by preliminary data compiled by real-estate data and analytics firm Real Capital Analytics (RCA) as at Jan 12. The increase reflects Singapore investors’ strategy of targeting the world’s most liquid markets to diversify and grow their portfolios in the low-interest-rate environment.
First Reit posts 2.5% rise in Q4 DPU, lifted by acquisitions
Mainboard-listed First Reit (real estate investment trust) has posted a 2.5 per cent rise to 2.09 Singapore cents in distribution per unit (DPU) for the fourth quarter of 2015, lifted by revenue from new acquisitions. It will be paid on Feb 29.
CDL CFO leaves for another firm
City Developments Ltd’s (CDL) chief financial officer has quit to join another listed company. The property developer on Tuesday said it has accepted the resignation of Goh Ann Nee, and her last day with the company will be Jan 26. Ms Goh, 56, will be taking up an executive position in a listed company operating in another sector.
Global Economy & Global Real Estate
Starwood, Fosun considering bids for A-HTRUST: sources
Dubai developers urged to rethink their budgets
Investment in China property slows further in December to 7-year low
MetLife Forms $1.4 Billion Property Venture With N.Y Fund
Confidence Among Homebuilders in U.S. Was Unchanged in January
Brookfield Makes $657 Million Offer to Buy Rouse Properties
Millennials, Here’s What Your First Home Might Look Like
Ivanhoe, Veritas Invest $200 Million in San Francisco Apartments
Starwood Capital, Fosun Said to Consider Offers for Ascendas
Additional Articles of Interests – Local & Overseas Real Estate
Local & Overseas Real Estate – Full Article