The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 2, 3 & 4 October 2021 (Sat, Sun & Mon)

Singapore Real Estate

HDB resale prices hit new record high after rising 8.9% this year: Flash data
The resale prices of Housing Board flats climbed for the sixth consecutive quarter to exceed their previous peak in the second quarter of 2013 by 0.7 per cent, flash estimates showed on Friday. HDB resale prices for the July-September period rose 2.7 per cent over the previous three months, slightly lower than the 3 per cent increases recorded in the first and second quarters of this year. Year on year, prices are up by 12.3 per cent.

Singapore Recreation Club members vote against lease renewal for Padang site and proposed levy
Singapore – The majority of respondents in a Singapore Recreation Club (SRC) vote have opted not to renew the lease for the clubhouse site at the Padang, where the club has been a fixture since 1884. While members want the club to remain, there have been disagreements over a proposed levy they must pay.


Companies’ Brief

Keppel Land aims to double revenue share from Asean in five years
Property developer Keppel Land aims to more than double its revenue share from the South-east Asian market (excluding Singapore) in the medium term, with plans to ramp up its Vietnam footprint and overhaul its approach to the Indonesian market.

Third quarter wrap sees institutional investors return to S-Reits
The iEdge S-Reit Index ended the third quarter of 2021 relatively flat with 0.2 per cent total returns, in line with global Reit markets which declined towards the later half of the quarter due to steepening of yield curves. This brings the index year-to-date total returns to 4.5 per cent.

Elite Commercial Reit targets S$1 billion market cap to wow investors
Shaldine Wang, chief executive officer of the manager of Elite Commercial Reit, is on a mission to whet investor appetite with more acquisitions, bump up the Reit’s market value and reassert its recession-proof appeal.


Views, Reviews, Forum & Others

6 seniors die from Covid-19 complications, 2,057 new cases in Singapore on Sunday
[Singapore] Six Singaporeans aged between 68 and 91 have died from complications linked to Covid-19, the Ministry of Health (MOH) said on Sunday (Oct 3). They comprise five men and a woman, four of whom were vaccinated and two were unvaccinated.

Singapore could see 5,000 daily Covid-19 cases by mid-Oct, but most will have no or mild symptoms
Singapore – Singapore could see Covid-19 cases hit 5,000 a day in two weeks, although the vast majority of people – 98 per cent – will have mild or no symptoms, especially if they are vaccinated. This comes as the authorities do a major review of all healthcare protocols to help make them simpler and easier to understand, as the nation adjusts to living with the virus.

Finance Minister Lawrence Wong urges patience on reopening further
Singapore – Finance Minister Lawrence Wong on Saturday (Oct 2) called for patience from those who would like to see Singapore reopen sooner. He added that people should not get too anxious or fearful about the total number of new cases being reported daily.

Covid-19 testing, isolation guidelines to be streamlined and simplified: Ong Ye Kung
Singapore – Covid-19 healthcare measures on what people should do will be streamlined and simplified amid complaints of frustration and confusion over the many terms and procedures currently in use.

Covid-19 map put up as people want to know which places to avoid: Ong Ye Kung
Singapore – A new map showing areas most frequented by Covid-19 cases was published following requests from many people wanting to figure out which places they should avoid, Health Minister Ong Ye Kung said on Saturday (Oct 2).

Covid-19 testing regimes in Singapore explained
Regular self-testing has been introduced across various sectors as Singapore moves towards living with the coronavirus in the stabilisation phase. Here is what you need to know.

CCF, HRA, RRT: Do you know what these Covid-19-related terms mean?
Singapore – Singapore’s many abbreviations and acronyms for healthcare procedures related to Covid-19 can be like “alphabet soup”, said Health Minister Ong Ye Kung on Saturday (Oct 2), as he noted that some guidelines were designed at a time when Singapore was trying to stamp out every cluster, and will now need to be streamlined.

Few vaccinated people in S’pore infected by Covid-19 develop long-term symptoms
Singapore – Only a small number of vaccinated Covid-19 cases in Singapore have developed “long Covid” symptoms so far. This is supported by overseas data showing the risk of developing the condition could be reduced by half in vaccinated people.

Covid-19 patient recovering at home could not get clear instructions on what to do
Singapore – As a self-employed professional, Mr Lau cannot afford to miss work for too long. But the 40-year-old, who declined to have his full name published, has been stuck at home since Sept 19, when he tested positive for Covid-19 after undergoing a polymerase chain reaction test.

Vaccinated workers with Covid-19 but no symptoms can recover in dorms’ dedicated facilities
Singapore – Covid-19 measures for migrant workers living in dormitories have been revised to focus on those with symptoms and need medical care, the Ministry of Manpower (MOM) said.

Seniors urged to take extra precautions, go out less as it’s ‘not the time’ to resume social activities
Singapore – Seniors have been urged to go out less and take extra precautions during this period as Singapore’s Covid-19 infections are still surging. “It is temporary, but how many weeks, how many months it will take, we wouldn’t know. But now is still not the time,” said Health Minister Ong Ye Kung on Saturday (Oct 2) during a press conference by the multi-ministerial task force tackling Covid-19.

Long-term pass holders must be fully vaccinated before entering S’pore; SHN shortened to 10 days for some travellers
Singapore – From Nov 1, long-term pass holders will have to be fully vaccinated against Covid-19 to enter Singapore, in a move to let in necessary workers and students while minimising public health risk. This applies to work pass holders and their dependants, as well as those entering under the Student’s Pass Holder Lane.

*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

Update on COVID-19 (Coronavirus Disease 2019) Situation

Two more seniors die from Covid-19, taking Singapore’s death toll to 95; 2,478 new cases reported
[Singapore] Two more seniors have died from complications due to Covid-19, taking Singapore’s coronavirus death toll to 95. The Ministry of Health (MOH) said on Thursday that the two seniors were a 79-year-old female permanent resident and an 87-year-old female citizen.

S’pore’s daily Covid-19 numbers should not blur the bigger picture and cause unintended pain
Singapore – The Covid-19 numbers released every day by the Ministry of Health (MOH) are quite troubling. In all, more than 1,000 people are in hospital on account of Covid-19 and more than 200 among them are seriously or critically ill.

Pasir Panjang Wholesale Centre reopens with enhanced measures after Covid-19 deep-cleaning
Singapore – Pasir Panjang Wholesale Centre reopened on Thursday (Sept 30) afternoon with enhanced safety measures after a three-day closure for deep cleaning and disinfection following the detection of Covid-19 cases.

Two more market and food centres closed due to Covid-19 transmission among stalls and workers
Singapore – The markets and food centres in Geylang Bahru and Bendemeer will be closed for cleaning and disinfection for three days, starting on Saturday (Oct 2), after stallholders and workers there were found to have Covid-19.

$15 antigen rapid testing available at 25 quick test centres islandwide from Oct 1
Singapore – For $15, people can now take an antigen rapid test (ART) at any of the 25 quick test centres islandwide after booking an appointment. Appointments can be made from Friday (Oct 1) at this website.

Covid-19 antibody cocktail treatment to arrive in Singapore in October
Singapore – More treatments are now available here for Covid-19 patients, as Singapore continues to battle against a rising number of coronavirus infections. The latest addition to this arsenal of treatment options is a Covid-19 antibody cocktail, which was developed by Regeneron and Roche.

Seniors in S’pore urged to stay home for next 4 weeks to protect themselves against Covid-19
Singapore – All seniors aged 60 and above, and those living with them are strongly urged to stay at home as the Covid-19 situation stabilises in Singapore, especially if they are unvaccinated. The recent rise in Covid-19 cases has seen more seniors experiencing severe symptoms when infected, the Agency for Integrated Care (AIC) said in a statement on Thursday (Sept 30).

Seniors can walk in for Covid-19 booster shot without appointment from Oct 1
Singapore – From Friday (Oct 1), all Singapore citizens, permanent residents and long-term pass holders aged 60 and above will be able to walk in to any vaccination centre, polyclinic, or participating public health preparedness clinic to get a third shot of the
Covid-19 vaccine, without the need for an appointment.

*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

Big money in storage business

Selling homes privately, via ‘pocket listings’, is on the upswing

Manhattan office leasing jumps to its highest level since 2019

PwC offers its 40,000 US client services employees full-time remote work

Bitcoin launch sparks wave of crypto speculation in El Salvador

Asian factories stagnate as China’s slowdown, supply constraints hit

Nervy markets await outcome for opaque bond tied to Evergrande

Japan to compile big extra budget after polls, says LDP heavyweight

Headwinds mounting for world economy into final stretch of 2021

Hong Kong hoping for tourism fillip from K-drama tie-up

Shares of Evergrande and property unit suspended in Hong Kong

Hong Kong’s exposure to Evergrande ‘very minimal’: finance chief

Hong Kong developer to research how to tackle chronic housing shortage

Malaysia eyes international border reopening in December

Phuket expands ‘sandbox’ scheme to vaccinated travellers from all countries

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