The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 20 May 2022 (Fri)

Singapore Real Estate

5-room HDB flat at Henderson Road chalks up new resale record of S$1.4m
A five-room flat in Henderson Road just changed hands for S$1.4 million this month, making it the priciest transaction in the HDB resale market yet. The unit in Block 96A, at 1,216 square foot (sq ft) in size, is on the 41st floor of the 48-storey block, which gives it panoramic views of the area.

Amazon said to be in advanced negotiations to lease space at IOI Central Boulevard Towers
Amazon is said to be in advanced talks to lease offices in IOI Properties Group’s office development along Central Boulevard. Market estimates of the amount of space that the multinational tech company is looking to lease at IOI Central Boulevard Towers vary, but most sources put it at around 350,000 sq ft.

Companies’ Brief

Centurion to acquire freehold student accommodation in Nottingham
Centurion Corp will acquire a 103-bed freehold student accommodation asset in Nottingham in the United Kingdom for £10.4 million (S$18 million), the mainboard-listed company said in a late-night bourse filing on Thursday (May 19).

FLCT to acquire prime suburban office building in Victoria for A$60.25m
Frasers Logistics & Commercial Trust (FLCT) plans to acquire a fully-leased freehold suburban commercial property in Victoria, Australia for A$60.25 million (about S$58.4 million). In a filing to the Singapore bourse on Thursday, FLCT said that the purchase price took into consideration an independent valuation of A$60.25 million conducted by consultancy CIVAS (VIC) as at April, 30, 2022.

KPMG commits S$25m to pay raises, S$30m to lifelong learning programme
KPMG has committed a total of S$25 million this financial year to implementing salary hikes for its employees in Singapore, including as much as a 20 per cent increase in starting pay for eligible entry-level professionals.


Views, Reviews, Forum and Others

Reinventing corporate real estate by looking beyond office walls
The days of department-wide luncheons in the office are back! Singapore’s stabilising Covid-19 situation and recent easing of community safety measures have kept the office market sentiment high and active since the start of the year.


Update on COVID-19 (Coronavirus Disease 2019) situation

All Singapore Covid-19 cases in April were of the Omicron variant
All local and imported cases of Covid-19 last month which underwent genome-wide sequencing were infected with the Omicron variant. The Ministry of Health (MOH) said on Thursday (May 19) that of the local cases, 99 per cent were the sub-variant BA.2 strain and and its lineages, which include BA.2.12.1.

*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 existing home sales fall for third straight month; house prices at record high

Mortgage rates in US drop to 5.25%, first decline this month

Investors jolted as US retailers show inflation hitting consumers

IMF urges Asia to be mindful of spillover risks from tightening

UK consumer morale hits lowest since records began in 1974: GfK

New Zealand economy will skirt recession in 2023, Treasury says

China banks cut key rate by record to boost ailing economy

China’s stimulus tops $7 trillion as Covid-19-zero batters economy

Japan inflation hits 7-year high

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