DAILY NEWS

Daily News – 20th Aug 2019

Singapore Real Estate

HDB flats on prime Keppel Club site: Premium prices or tweaked sales terms?
The prospect of having public housing on the plum Keppel Club site after its lease expires in two years has excited property market watchers. They have, however, offered ideas on how to find an equitable solution to the “lottery effect”, given that public-housing owners stand to make windfalls from selling these units after having been lucky enough to land them through a ballot.
https://www.businesstimes.com.sg/government-economy/hdb-flats-on-prime-keppel-club-site-premium-prices-or-tweaked-sales-terms

Greater Southern Waterfront a boost to likes of KepCorp, MCT
Mapletree Commercial Trust (MCT) and Keppel Corp are well-positioned to benefit from the development of the Greater Southern Waterfront (GSW), analysts said, while also singling out Frasers Commercial Trust and Genting Singapore as potential beneficiaries. In his National Day Rally speech, Prime Minister Lee Hsien Loong shared more details of plans for the 2,000-hectare GSW, which will stretch 30 km along…
https://www.businesstimes.com.sg/government-economy/greater-southern-waterfront-a-boost-to-likes-of-kepcorp-mct?
https://www.straitstimes.com/singapore/greater-southern-waterfront-plans-offer-opportunities-for-developers

Singapore Economy

Singapore continues to attract investments despite global economic headwinds
Singapore: Despite trade tensions and other global uncertainties slowing down the economy to levels last seen a decade ago, investments into the country seem to have held steady so far. Singapore attracted almost S$8.1 billion in fixed asset investment (FAI) commitments during the first six months of 2019, according to figures from the Economic Development Board (EDB) released as part of the second-quarter…
https://www.channelnewsasia.com/news/business/singapore-continues-to-attract-investments-despite-global-11814678

Companies’ Brief

GIC to acquire 25.1% stake in Lendlease’s A$4.3b Sydney office property trust
GIC will acquire a 25.1 per cent stake in Lendlease International Towers Sydney Trust (LLITST) from Canada Pension Plan Investment Board and Lendlease Group, the Singapore sovereign wealth fund said on Monday. The trust owns premium grade office properties in the Barangaroo Office Precinct in the Sydney Central Business District (CBD) which have close proximity to Darling Harbour and extensive amenities…
https://www.businesstimes.com.sg/real-estate/gic-to-acquire-251-stake-in-lendleases-a43b-sydney-office-property-trust
https://www.straitstimes.com/business/economy/gic-buying-251-stake-in-sydney-office-property-trust

Once sleepless in Singapore, now giving sweet dreams to the budget conscious
Amit Saberwal went through many a sleepless night when he first began pitching the idea that became South-east Asia’s top online budget-hotels service, RedDoorz. Few financiers paid attention back then to a middle-aged former hotel sales executive. His vision of quality US$20-a-night rooms seemed impractical for a largely neglected market.
https://www.businesstimes.com.sg/real-estate/once-sleepless-in-singapore-now-giving-sweet-dreams-to-the-budget-conscious

Workplace design and build firm Space Matrix makes 2 senior hires in Singapore
Singapore-based workplace design and build consultancy Space Matrix has boosted its leadership team with the appointment of Roger Clement as managing director, Singapore and Tan Su-San as director of workplace strategy and insights. Mr Clement replaces Benjamin Breen, who has been with the company for five years and has moved on to head the international client solutions team.
https://www.businesstimes.com.sg/real-estate/workplace-design-and-build-firm-space-matrix-makes-2-key-senior-hires-in-singapore
https://www.straitstimes.com/business/companies-markets/start-up-reddoorz-raises-97m-eyes-new-tech-hub-in-vietnam
https://www.channelnewsasia.com/news/singapore/reddoorz-hotel-booking-website-funding-target-budget-travellers-11821108

Views, Reviews, Forum & Others

Malaysia, Singapore reach ‘understanding’ over RTS Link project: Malaysian Transport Minister
Kuala Lumpur: Malaysia and Singapore have reached “an understanding” over the Johor Bahru-Singapore Rapid Transit System (RTS) Link project, Malaysia’s Transport Minister Anthony Loke said on Monday (Aug 19). His remarks come ahead of a Sep 30 deadline for the deferment of the project, which had been suspended at Malaysia’s request.
https://www.channelnewsasia.com/news/asia/malaysia-singapore-reach-understanding-rts-johor-bahru-11822284

Commentary: The impact of growing US-China tensions on Singapore
Singapore: We are all worried about the growing tensions between the United States and China. Their disputes have placed other countries in a dilemma. No country wants to take sides, and Singapore is no exception. This is why I want to discuss US-China tensions, and their impact on us.
https://www.channelnewsasia.com/news/singapore/us-china-singapore-trade-war-impact-businesses-growth-11820864