The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 4 Feb (Tue) 2020

Singapore Real Estate

Holland Village shophouse units, land parcels up for sale at S$13.8m
Two retail units within a shophouse in Holland Village together with their adjacent front and rear land parcels have been launched for sale at an indicative price of S$13.8 million. The two strata units, one on the first storey and the other on the second storey, are located at 26A and 26C Lorong Mambong respectively.

Retirement savings may best real estate returns in Singapore
In property-crazed Singapore, owning real estate isn’t always the high-yielding investment you might think. The rate of return for private apartments in the city-state has slipped since 2011, when measures to cool the market were introduced by the government.

Travel curbs likely to crimp hospitality Reits’ distributions
Distributions to investors from hospitality real estate investment trusts (Reits) could be cut by up to double digits, analysts say, after the Singapore government’s latest entry ban on travellers with recent history of visiting China.


Singapore Economy

Staff engagement in S’pore below global average: Report
Employee engagement in Singapore lags behind the global average, according to a study out yesterday. It also found that nearly 20 per cent of workers polled here intend to leave their jobs in less than a year. The study was conducted over 18 days and included 13,551 respondents aged 18 years or older and in employment across 17 countries and regions. About 500 respondents were from Singapore.


Companies’ Brief

GuocoLand prices S$200m 5.5-year senior notes at 3.4%
GLL IHT, a wholly-owned subsidiary of mainboard-listed property developer GuocoLand, will issue at par S$200 million worth of new notes maturing on Aug 10, 2025. The 5.5-year unsubordinated, unsecured notes carry a coupon of 3.4 per cent and will be guaranteed by GuocoLand, according to a term sheet seen by The Business Times.

More Singapore-listed firms reporting adverse impact on operations
More Singapore-listed companies are reporting adverse impact on their operations amid the ongoing novel coronavirus situation. Metals supplier Nico Steel Holdings said its operations in Suzhou, China, will be closed until Feb 9, in line with the latest directives by the Jiangsu Provincial People’s Government in its precautionary measures against the virus.

KIT unit buys US water management solutions provider
An indirect wholly-owned subsidiary of Keppel Infrastructure Trust (KIT) has finalised the acquisition of a source water management solutions provider from the US. The subsidiary, Ixom Watercare Inc, has bought Medora Environmental for an undisclosed amount. Ixom Watercare is wholly-owned by Australian chemicals group Ixom Group, which is in turn wholly-owned by KIT.

Acromec wins S$19.5m contract for works at Singapore General Hospital
Specialist engineering firm Acromec has secured a S$19.5 million sub-contract to supply, deliver and install air-conditioning and mechanical ventilation systems at a new medical building in the Singapore General Hospital campus. The new 12-storey health and medical care building will be used for acute care and will include an accident and emergency facility, acute medical wards, and isolation rooms.


Views, Reviews, Forum & Others

Singapore as Asia’s transformation capital
In an increasingly multipolar world facing disruption, economic nationalisation and natural adversities, enterprises must seek new ways to thrive in a shifting business, trade and investment landscape. They have to adapt to maximise the benefits of new technologies such as artificial intelligence and the Internet of Things.

The coronavirus outbreak will hit global growth
Last week, I enjoyed a city break in Istanbul with my teenaged daughter. It was made even better by the fact that we were upgraded to a 1,000-euro (S$1,515) room for only 250 euros – in large part because our hotel, which expected to be booked solid by wealthy Chinese holidaymakers, was nearly empty.


Global Economy & Global Real Estate

US construction spending posts first drop since June

US manufacturing activity rebounds in January

London – world’s most female-friendly megacity – finds room for women-only ventures

Ireland’s housing crisis derails Leo Varadkar’s re-election bid

Virus outbreak may impact level of world trade in 2020

China, regional markets hit by fears over coronavirus outbreak

China’s massive economic power shapes global response to coronavirus outbreak

China stocks suffer mauling; central bank injects 1.2t yuan to calm markets

Chinese markets suffer worst drop in 5 years; Asian bourses also dip

Australian home prices start year on strong note

Hong Kong economy shrinks for the first time in a decade


Additional Articles of Interests – Local & Overseas Real Estate

Local & Overseas Real Estate – Full Article

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