Singapore Real Estate
Conserving historic Singapore buildings raises value of nearby homes, but could also cause gentrification: Study
Singapore — When a historic building is marked for conservation in Singapore, nearby private homes generally receive a sizeable boost in their property values, a new study has found. This is even though the conserved property itself is subject to guidelines to preserve the heritage of the building, which could potentially decrease its market value since these rules restrict its development while raising maintenance costs.
A more upbeat scenario for Singapore job market
The job market for 2019 has turned out to be better than predicted – and many private-sector economists and recruiters are looking at stepped-up hiring in the year ahead, with real salary hikes for 2020 expected to surpass this year’s. At this time last year, economists and recruiters had forecast weaker job creation for 2019. The Ministry of Manpower’s (MOM) latest data, however, shows otherwise.
SingHaiyi boss: Property leaves a legacy
For entrepreneur and property veteran Celine Tang, the backbone of any piece of real estate doesn’t lie in its brick-and-mortar structure – instead, the human connections created and nurtured within its walls are what constitute the foundation. “For me, property is all about constructing something that will span generations,” said Ms Tang, the managing director of SGX-listed real estate developer SingHaiyi Group.
Developer sues Parkson Retail Asia unit for alleged failure to pay rent
Property developer PKNS-Andaman Development Sdn Bhd has served Parkson Corporation Sdn Bhd (PCSB), a subsidiary of Parkson Retail Asia, with a writ and statement of claim in relation to premises let to PCSB within EVO shopping mall in Malaysia. In a regulatory filing on Thursday, PKNS alleged that PCSB has failed to observe its obligation to pay rental for the premises, according to the tenancy agreement…
Global Economy & Global Real Estate
In 2019, slashing US$65m off price of a mansion wasn’t a big deal
China in multi-prong blitz to boost economy in 2020
As protests drag on, more HK residents eye homes overseas
Daiwa to expand real estate trust business as low rates persist
Dubai’s Emaar to sell view from world’s tallest tower
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