The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 23 Sep 2020 (Wed)

Singapore Real Estate

Everton Road shophouse up for sale with S$7.5m guide price
A freehold conservation shophouse at 9 Everton Road is up for sale via expression of interest (EOI) with an indicative price of S$7.5 million, sole marketing agent Cushman & Wakefield said on Tuesday. The two-storey corner shophouse has an attic and is situated in the Blair Plain conservation area.

Singapore Reits set for broader recovery after Q1 Covid-19 hit
Singapore’s real estate investment trusts (Reits) have survived the worst stretch of the coronavirus pandemic and are now set to stage a broader rebound. There were plenty of questions raised about the future of Reits amid the mobility restrictions in the first half of the year, but the sector has performed surprisingly well in terms of share price and other valuations.

Oakwood launches day-use workspaces across Asia-Pacific
Oakwood, a wholly-owned subsidiary of Mapletree Investments, has rolled out day-use workspaces at 17 properties across the Asia-Pacific region, it said on Tuesday. The day-use solution, named “Work from Oakwood”, was launched in response to sustained safe-distancing measures at most workplaces, the serviced residence operator said.

SRX launches community tool on its mobile app
Property tech platform SRX has launched a tool on its mobile app which creates digital communities for its members’ apartment blocks and their immediate neighbourhood. Called SRX Community, the new tool enables members to connect with their next-door neighbours and others living nearby…


Singapore Economy

‘Covid catalyst’ spurs firms to transform and thrive: Chan
The Covid-19 crisis has been a “Covid catalyst” for digital transformation, showing that it will allow firms to not only survive but thrive in a crisis, said Minister for Trade and Industry Chan Chun Sing on Tuesday. He was speaking at the annual Future Economy Conference and Exhibition (FECE) 2020, co-organised by the Singapore Business Federation (SBF) and the Infocomm Media Development Authority (IMDA).

World must cooperate in Covid-19 response, says Chan Chun Sing
No country has been spared the impacts of Covid-19, and international cooperation is necessary to respond effectively to the pandemic and buttress global economic recovery, said Minister for Trade and Industry Chan Chun Sing yesterday. “Singapore will work with G-20 members to implement the measures to help our economies and businesses recover as quickly as possible,” he said during a virtual Group of 20 Trade and Investment Ministers’ Meeting.


Companies’ Brief

Keppel O&M wins S$200m jobs; Keppel Capital fund in first property investment
Keppel Corporation on Tuesday said its offshore and marine arm Keppel Offshore & Marine (Keppel O&M) has clinched two contracts worth about S$200 million combined – one in the US and the other in Singapore. Separately, its asset-management arm has raised half of its target commitments for a US$500 million regional real estate investment fund focused on private education assets.

Rich Capital to commission review to protect JV investments, look into potential breaches
The audit committee (AC) of Rich Capital Holdings’ board will commission an independent review to protect its investments in joint venture (JV) Oxley Karya Indo Batam (OKIB) and to look into the possibility of potential breaches of regulations and listing rules.


Views, Reviews, Forum & Others

Getting logistics back on track – how to strengthen weak corporate supply chains
Global, regional and local supply chains have been under significant pressure for months now as a result of Covid-19, and economies are struggling to get many of their industries, that are dependent on international supply chains, back up and running.


Update on COVID-19 (Coronavirus Disease 2019) Situation

One imported Covid-19 case among 21 new infections
There were 21 new confirmed coronavirus cases yesterday, taking Singapore’s total to 57,627. They included one imported case – a work permit holder who returned from India on Sept 10. She was placed on a 14-day stay-home notice on arrival in Singapore, said the Ministry of Health (MOH).

Covid-19 Support Grant extended to end-Dec; new eligibility criteria added
A grant that helps Singaporeans and permanent residents who lost their jobs or suffered significant income loss due to the pandemic will be extended to the end of this year, but with revised eligibility criteria.

How can Singapore reopen its borders and keep people safe?
To stop Covid-19 from entering the country, Singapore shut its doors to travellers. But in the last three months, it has gradually reopened its borders, increasing the risk of infections creeping into the community. To beat the virus while trying to revive the hard-hit travel and aviation industries, the Republic has set up numerous safeguards – to keep cases low, even as numbers surge in some other countries.

Travellers entering Singapore from India told to produce Covid-19 test results from recognised labs
All Covid-19 pre-departure test results for travellers from India entering Singapore must come from recognised labs which are internationally accredited or endorsed by the Indian government, said Singapore’s Ministry of Health (MOH).

No need to ban food from firms whose products had coronavirus traces: Experts
There is no need to ban imports from companies whose frozen food products have been contaminated with the coronavirus, say infectious diseases experts. This is because the risk of transmission from a food source is very low, compared with the usual routes of infection.

askST: Are groups of more than 5 people allowed to sit across multiple tables at F&B outlets?
*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 

Powell sees ‘highly uncertain’ path for economy despite ‘marked’ gains

US home shopping boom buoys shipping lines half a world away

EU top court backs crackdown on short-term home rentals in setback to Airbnb

UK may see renewed economic downturn on new restrictions

Australia preliminary retail sales down 4.2% in Aug, Victoria hit hard

What investors with US$3.4 trillion are buying during Covid-19

China luxury spend expected to jump 30% this year

‘Golden Week’ revives hopes of tourism boom

Japan factory activity struggles to recover as output falls: PMI

HK retail, F&B operators await return of tourists for survival

Indonesia revises 2020 GDP forecast to a deeper slump

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