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, 5 & 6 Jan 2020

Singapore Economy

Manufacturing sentiment positive in December
Singapore’s manufacturing sentiment entered positive territory for the first time in eight months in December – prompting economists to suggest that the worst may be over for the sector that has taken battering from the US-China trade war.  The Purchasing Managers’ Index (PMI) went up by 0.3 points in December from the preceding month to record a marginal expansion at 50.1, said the Singapore Institute…


Companies’ Brief

GuocoLand Malaysia’s unit to dispose of land in Malacca for RM119.3m 
GuocoLand Malaysia (GLM) on Friday said its indirect subsidiary has entered into a conditional sale and purchase agreement to dispose of a parcel of freehold agricultural land in Malacca to Parkland Avenue Sdn Bhd (PASB) for some RM119.3 million (S$39.3 million).  PASB is a private limited company incorporated in Malaysia involved in property development and investment holding.

Starhill Global Reit sets up S$2b debt programme
Starhill Global Real Estate Investment Trust (Starhill Global Reit) has set up a S$2 billion multi-currency debt issuance programme, the manager announced late on Friday night.  The scheme covers the issuance of both notes guaranteed by the trustee, HSBC Institutional Trust Services (Singapore), which will be unsubordinated and unsecured debt obligations, and perpetual securities, which may either be subordinated or unsubordinated.


Views, Reviews, Forum & Others

Bidadari HDB estate taking shape as residents move in
Singapore’s latest large estate, Bidadari, is coming to life – offering enviable greenery and connectivity – as the first batch of residents move into their Build-To-Order (BTO) Housing Board flats.  A total of 881 families across two BTO projects – Alkaff Lakeview and Alkaff Vista – have been progressively collecting their keys since last July, and moving in to what HDB envisions to be a “community in a garden”.


Global Economy & Global Real Estate

US identifies 52 sites to hit if Iran retaliates

US Fed policy to hold ‘for a time’ despite persistent risks

The big 2020 yield-curve steepening bet likely to fall flat

US office vacancy rate rises marginally in 4Q 2019

Manhattan home sales see smallest decline in two years

Hotel operator buys Times-Dispatch building in Richmond, Virginia

China’s services sector expands at slower pace in Dec as confidence dips: Caixin PMI

Chinese developer offers discounts for apartments

HK retail sales drop 23.6% in November as protests persist

Hong Kong dollar surges to strongest since 2017 as shorts unwind      

Japan’s Dec factory activity contracts at faster pace as output slumps: PMI

Death toll of Cambodian building collapse hits 36 as rescue called off

‘Toxic’ culture and troubling incidents at Oyo

French economy will grow 1.3% with a pension deal: Le Maire


Additional Articles of Interests – Local & Overseas Real Estate

Local & Overseas Real Estate – Full Article

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