The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 12 May 2023 (Fri)

Singapore Economy


More affluent consumers, stable government among reasons why Singapore attracts investors
Singapore – A stable government and a business-friendly environment help Singapore attract foreign investments and drive domestic growth. The country’s geographical location also allows it to be well integrated across the Asean region.


NParks, MND, URA announce new senior appointments taking effect from June 1
Singapore – The National Parks Board (NParks) has appointed Ms Hwang Yu-Ning as its new chief executive officer (CEO). Ms Hwang is currently deputy CEO and chief planner of the Urban Redevelopment Authority (URA).



Views, Reviews, Forum and Others


BCA Academy to offer more career help, training for workers in the built environment sector
Singapore – Mid-career workers who plan to switch to the built environment sector will be able to tap new training programmes and courses to help them make the transition. The Building and Construction Authority (BCA) on Thursday said its academy will roll out new train-and-place programmes as well as courses under the SkillsFuture Career Transition Programme.


2 workers taken to hospital after being rescued from tilting gondola at Boon Lay HDB block
Singapore — Two workers had a narrow escape on Thursday (May 11) morning, after the support system holding up the gondola they were standing in suddenly gave way. With the gondola tilting sharply to the side on the 15th floor of Block 199 Boon Lay Drive, one of the workers was rescued by a resident through the window, while another worker could be seen stranded on a ledge until rescuers arrived.


Commentary: Are Singaporeans underestimating the threat of COVID-19?
Singapore: The World Health Organization (WHO) on Friday (May 5) declared that COVID-19 is no longer a global health emergency.  For three years, Singapore, along with the rest of the world, battled a disease that has killed 6.9 million people globally. That is more than the total population of Singapore.


2.5 million Singaporeans to receive up to S$400 under Cost-of-Living special payment in June
Singapore — About 2.5 million adult Singaporeans will receive up to S$400 in cash each under this year’s Cost-of-Living Special Payment, with more support given to lower-to middle-income groups, said the Ministry of Finance (MOF) on Thursday (May 11).



Global Economy & Real Estate


WHO declares end to mpox public health emergency

US weekly jobless claims jump to the highest level since late 2021

London has its best year for super-prime property since Brexit vote

UK housing market shows signs of downturn ending

With UK food price inflation at 46-year high, lawmakers launch probe

Catalonia tells landlords use or lose empty housing in affordable property drive

China property rebound fizzles, raising risks to economic recovery

Commercial property: Hong Kong, Singapore only bright spots as rising interest rates kill off deals across Asia-Pacific

Wait for Hong Kong public housing drops to 5.3 years after substantial number of flats became available in past quarters

Lower Tokyo office vacancies give relief to market after Covid

South Korea to drop mandatory 7-day quarantine for Covid-19 patients from June

Raising Malaysia’s EPF employer rate to 20% will hurt competitiveness, business leaders say


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